Current Affairs

14 August, 2020

International

Abu Dhabi’s Crown Prince Committed USD 25mn to Expand Unified Champion Schools to 6 countries Including India

Under the Unified Champion School(UCS) worldwide programme, the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan has committed USD 25 million to expand UCS(an initiative undertaken by the Special Olympics) to 6 countries namely, India, Argentina, Egypt, Pakistan, Romania and Rwanda with an aim to empower intellectually disabled children.

National

First-of-its-kind Katra-Delhi Express Road Corridor to be completed by 2023

First-of-its’s-kind Katra (Union Territory of Jammu & Kashmir)-Delhi Express Road corridor works have begun and it is expected to be completed by 2023.
ii.It was announced by Union Minister for Development of North Eastern Region (M-DoNER), Dr. Jitendra Singh. The express Corridor is expected to reduce the travel time between Katra and Delhi to around six and half hours, the total outlay of the project is Rs. 35, 000 crores.

India Extends an Assistance of USD 1 Million to Antigua and Barbuda’s COVID-19 Response

As a part of India’s efforts to contain the spread of COVID-19, India extended an assistance of 1 million USD to the government of Antigua and Barbuda to combat the global COVID-19 pandemic and to improve their health infrastructure and capacity.
ii.On 7th August 2020, under the 1 million USD assistance, KJ Srinivasa, Indian High Commission in Guyana handed over the medical supplies, equipment and medicine to Gaston Browne, Prime Minister of Antigua and Barbuda over a virtual platform.

PM Narendra Modi Launched “Transparent Taxation – Honoring the Honest” platform of IT department

Prime Minister Narendra Modi launched a platform for “Transparent Taxation – Honoring the Honest” via video conferencing that provides faceless assessment and appeal and taxpayers’ charter, as a part of direct tax reforms.
ii.While the faceless assessment and taxpayers’ charter would be implemented from August 13 itself but the faceless appeal system would be available from September 25, 2020 i.e. on the birth anniversary of Deendayal Upadhyaya.

Economy

RBI Mandates System-based Asset Classification for Urban Co-operative Banks (UCBs)

the Reserve Bank of India (RBI) has mandated the urban co-operative banks (UCBs) with assets of Rs 2,000 crore or above as on March 31, 2020 to implement system-based asset classification from 30 June 2021.
ii.For UCBs having total assets of Rs 1000 crore or above but less than Rs 2000 crore as on March 31, 2020 and have self-assessed under Level III or Level IV on “Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach” are mandated to implement it from September 30, 2021.

Sports

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Miscellaneous

Israel Successfully tested its Arrow-2 Ballistic Missile Interceptor

Israel Defence Minister Benny Gantz, announced that Israel has successfully tested their advanced missile defence system, Arrow-2, a ballistic missile interceptor, which serves as the top tier integrated Israeli shield built to withstand various missile salvoes, was built with the support of the United States of America.

Ammunition Factory Khadki, Pune Handed Over 40 mm Under Barrel Grenade Launcher (UBGL) to BSF

the first consignment of 40 mm Under Barrel Grenade Launcher (UBGL) was handed over to Border Security Force (BSF) which is designed and manufactured indigenously by the Ammunition Factory Khadki (AFK) in Pune, Maharashtra on the lines of the “Atmanirbhar Bharat” (self-reliant India).

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