Current Affairs

15 November, 2020

International

PM Narendra Modi Co-chaired the Virtual 17th ASEAN India Summit 2020 along with Nguyen Xuan Phuc

Prime Minister Narendra Modi co-chaired the virtual 17th ASEAN-India Summit 2020 along with Nguyen Xuan Phuc, Prime Minister of Vietnam, the current Chair of (Association of Southeast Asian Nations). The Summit saw the participation of all ten ASEAN Member States.
The focus of the summit was to discuss regional and international issues of common interest and concern, including South China Sea and terrorism.
About ASEAN (Association of Southeast Asian Nations):
Members – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Chair – Vietnam (2020)
Headquarters – Jakarta, Indonesia

India, Nepal Launch construction of 3rd Integrated Check Post to boost Trade

India and Nepal launched the construction of 3rd Integrated Check Post (ICP) at Nepalgunj, Nepal which will bring customs and immigration facilities under one roof to smoothen cross-border movement of cargo trucks.It is being constructed at a cost of INR 147.12 Crores(Nepalese Rupee ~NRs2354).
About Nepal:
Prime Minister – K. P. Sharma Oli
Currency – Nepalese Rupee (NPR)
Capital – Kathmandu

National

L&T Emerges as Lowest Bidder for the India’s Longest River Bridge in Northeast

Larsen & Toubro(L&T) has emerged as the lowest bidder with Rs.3166 crores for the construction of the 20 kilometer(km) 4 lane road bridge across River Brahmaputra connecting Dhubri of Assam to Phulbair of Meghalaya on National Highway(NH) 127B. This will be India’s longest Bridge over a River in the northeast.
National Highways and Infrastructure Development Corporation Limited (NHIDCL) is the executing agency and is expected to be completed by 2026-27.
Additional Info:
In October 2020, L & T bagged a Rs 25,000 crore order for the largest section of the Mumbai-Ahmedabad Bullet Train Project.
In November 2020, it bagged a Rs 7,000 crore order for another section on the corridor connecting Vadodara with Ahmedabad.

Nirmala Sitharaman Detailed ‘Aatmanirbhar’ Package 3.0 worth Rs 2,65,080 cr; 12 schemes Announced

Ahead of Diwali festival, Union Minister Nirmala Sitharaman, Ministry of Finance during a press conference has announced the “Aatmanirbhar Package 3.0” covering following 12 schemes as a stimulus measure of additional Rs 2,65,080 crores to boost economic growth.Announcement of Aatmanirbhar Bharat Rozgar Yojana, EPFO Incentive for New Employees. Extension of ECLGS 1.0 till March 31, 2021 from Oct 31, 2020; Launch of ECLGS 2.0
About EXIM Bank:
Managing Director (MD)– David Rasquinha
Headquarter– Mumbai, Maharashtra

Finance Ministry Approved the Creation of 1st ever National Database of Unorganised Labour

the Ministry of Finance gave its nod for the creation of the first ever “National Database of Unorganised Workers (NDUW)” with an expected outlay of Rs 650 crore. In this regard, Ministry of Labour & Employment has envisaged development of NDUW seeded with Aadhaar.
About Ministry of Finance:
Union Minister– Nirmala Sitharaman
Minister of State (MoS)– Anurag Singh Thakur

Economy

RBI to Evaluate Impact of ‘RBI Kehta Hai’ Campaign

The Reserve Bank is all set to evaluate the impact of multi-media public awareness campaign ‘RBI Kehta Hai’, which was launched in 14 languagesto educate public about good practices, regulations and initiatives in banking and financial sector. In this regard, RBI has invited Expression of Interest (EoI) from eligible companies and other entities which have successfully completed at least five similar projects. ‘RBI Kehta Hai’ was the first even 360 degree campaign initiated by the central bank using all mass media, including media such as television, radio, newspapers, hoardings, web banners, gifs, social media and SMS.

Sports

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Miscellaneous

HelpAge India and Her Majesty Gyalyum Sangay Choden Wangchuck, Queen Mother of Bhutan Receive 2020 UN Population Award

HelpAge India won the 2020 United Nations(UN) Population Award as the institutional laureate.Her MajestyGyalyum Sangay Choden Wangchuck, Queen Mother of Bhutan won the award as the individual laureatue.
About UNFPA(United Nations Population Fund):
Executive Director– Dr. Natalia Kanem
Headquarters– New York, United States

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