Current Affairs

13 November, 2020

International

Stanford University, US releases List of Top 2% Scientists of the World; 1492 Indians feature in the list

Stanford University, United States (US) has released a list of Top 2% Scientists of the world. The list has 1, 59, 683 persons and 1, 492 Indians have found a place in it. The scientists have been selected in the global list on the basis of their research paper’s International Evaluation.
About United States:
President – Donald Trump (Term set to end on January – 20, 2021, Joe Biden is the President Elect)
Capital – Washington D.C.
Currency – United States Dollar ($, USD)

India’s Foreign Secretary Harshvardhan Shringla Concludes Two-day visit to Maldives

India’s Foreign Secretary (FS) Harsh Vardhan Shringla concluded a Two-day visit to Maldives on November 9-10, 2020. The visit will be the first high level in-person interaction between two sides since the disruption caused by COVID-19 Pandemic. IFS reviewed the progress of ongoing development projects under USD 1.3 Billion (~ INR 9704.50 crores) Financial Package.

National

In a first, Mumbai Metro to have vibration-absorbing tracks

For the first time in India, the Mumbai Metro Rail Corporation Ltd., MMRCL will lay vibration-absorbing tracks on the Colaba-Bandra-SEEPZ Metro Line-3 with an estimated outlay of Rs.23,000-cr.The corporation has started trial production of the High Vibration Attenuation Booted Twin Sleeper Blocks,HVABTSB to lay tracks with the help of a machine from Sonneville AG, Switzerland. It will have 27 underground stations en route and is expected to be operational in 2021.

Cabinet Approval on November 11, 2020

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the following proposals which were detailed by Union Minister Prakash Javadekar, Ministry of Information and Broadcasting (MIB) and Nirmala Sitharaman, Ministry of Finance.Cabinet approves PLI Scheme worth Rs 1,45980 cr to 10 key Sectors for Enhancing. Cabinet approves Continuation and Revamping of the Scheme for Financial Support to PPP in Infrastructure Viability Gap Funding VGF Scheme

Economy

India’s GDP Growth to Contract by 8.9% for CY 2020:Forecast by Moody’s and Goldman Sachs

As per Moody’s ‘Global Macro Outlook 2021-22: Nascent economic rebound takes hold globally but will remain fragile’, India’s GDP(Gross Domestic Product) for the Calendar Year(CY) 2020 is revised upwards to -8.9%(contract by 8.9) from -9.6% projected earlier. It also has revised the GDP for the CY 2021 upwards to 8.6% from 8.1% projected earlier. Goldman Sachs in its global economic analysis report titled ‘V(accine)-Shaped Recovery’, has projected India’s GDP growth to contract by 8.9%for CY 2020. It has reiterated its projections of India’s GDP growth for CY 2021 and CY 2022 to be 10%and 7.2% respectively.
About Goldman Sachs:
Chairman and Chief Executive Officer (CEO)– David Michael(M) Solomon
Headquarters– New York, United States (US)
About Moody’s:
Headquarters– NewYork, United States
President & CEO– Raymond W. McDaniel, Jr.

AGS Transact Tech and Utimaco Partners to provide Cyber-Defense Technology for Digital Payments in India & South-east Asia

AGS Transact Technologies Limited (AGSTTL) and Utimaco entered into partnership to offer Cyber-Defense Technology, the highest level of security for digital payments and automation solutions to organizations across sectors including banking, petroleum, retail etc. in India & South-east Asia.Under this partnership, the companies will provide crypto-key security solutions to organizations across sectors.
About Utimaco:
Headquarters- Aachen, Germany
CEO– Stefan Auerbach
About AGS Transact Technologies Limited (AGSTTL):
Founder, Chairman & Managing Director– Ravi B. Goyal
Headquarters– Mumbai, Maharashtra

IFSCA Approves the International Financial Services Centres Authority (Banking) Regulations, 2020

International Financial Services Centres Authority (IFSCA) in a meeting has approved the International Financial Services Centres Authority (Banking) Regulations, 2020. Purpose– To lay down the rules for the various aspects of banking operations that will be acceptable at the IFSC(International Financial Services Centres).
About International Financial Services Centres Authority (IFSCA):
It is a statutory unified regulatory body under the Department of Economic Affairs, Ministry of Finance, Government of India.
Chairman– Injeti Srinivas
Headquarters– Gandhinagar, Gujarat
Established– April, 2020 through International Financial Services Centres Authority Bill, 2019

Sports

China’s Chen Meng wins 2020 Dishang ITTF Women’s World Cup Title at Weihai, China

World Number One Chen Meng (China) defeated Sun Yingsha (China) to win the 2020 Dishang ITTF (International Table Tennis Federation) World Cup Title (Gold Medal) held at Weihai, China. It is her First ITTF Women’s World Cup title. This is the First Table Tennis tournament after 8 months due to the pandemic.Japan’s Mima Ito took the Bronze Medal defeating Han Ying of Germany.Dishang ITTF Women’s World Cup is the 24th Edition of the ITTF Sanctioned event.It took place from November 8-10 at the Biosecure Weihai Nanhai Olympic Centre, Weihai, China.
About International Table Tennis Federation (ITTF):
President – Thomas Weikert
Headquarters – Lausanne, Switzerland

Miscellaneous

Shripad Naik Launches Indian Navy’s 5th Scorpene-class Submarine ‘INS Vagir’ from Mazagon Dock

Minister of State (MoS) for Defence, Shripad Naik virtually launched theIndian Navy’s 5th Scorpene-class Submarine ‘INS Vagir’ in Arabian sea waters at Mazagon Dock, Mumbai. Mazagon Dock Shipbuilders (MDSL), Mumbai has built ‘Vagir’.
INS Vagir:
i.It is named after a Sand Fish, which is a deadly deep sea predator of the Indian Ocean.
ii.The first Vagir, a submarine from Russia, was commissioned into the Indian Navy on December 3, 1973, and was decommissioned on June 7, 2001 after almost three decades of service to the nation.
About Indian Navy:
Chief of the Naval Staff (CNS)– Admiral Karambir Singh
Integrated Headquarters MoD (Navy)– New Delhi

Dr. K S Subramanian, scientist of TNAU wins Fertiliser Association of India Golden Jubilee Award 2020

Dr. K S Subramanian, Director of Research of Tamil Nadu Agricultural University (TNAU), Coimbatore, Tamil Nadu who is also a National Bank for Agriculture and Rural Development (NABARD) Chair Professor, won the Fertiliser Association of India(FAI) Golden Jubilee Award 2020 for his contribution in the field of nano-fertilisers and its role in improved use while ensuring the safety of environment. The award will be presented at the inaugural function of FAI’s Annual Seminar on “Fertilizer and Agriculture during COVID-19” which will be held in New Delhi in December 2020.
About Fertiliser Association of India(FAI):
Director General– Satish Chander
Headquarters– New Delhi

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