Current Affairs

15 September, 2020

International

ASEAN-India Ministerial Meeting held virtually; New ASEAN-India Plan of Action (2021-2025)adopted

Association of Southeast Asian Nations (ASEAN)-India Ministerial Meeting was held virtually which was co-chaired by Union Minister Dr. Subrahmanyam Jaishankar, Ministry of External Affairs (MEA) along with Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs of Thailand. It was attended by Foreign Ministers of the ten ASEAN Member States. During the meet ASEAN-India Plan of Action (2021-2025) was adopted.
About ASEAN:
2020 Chairmanship– Vietnam
Chairman– Nguyen Xuan Phuc
Secretariat – Jakarta, Indonesia
Secretary General– Dato Lim Jock Hoi
Membership– 10 States ― Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. 1 Observer – Papua New Guinea

Overview of S Jaishankar visit to Russia from Sept 8- 11, 2020 to Attends SCO Foreign Ministers in Moscow

A days after Union Defence Minister Rajnath Singh visited Moscow, Russia to attend the Shanghai Cooperation Organisation (SCO) Defence Ministers Meeting, now Union Minister Dr. Subrahmanyam Jaishankar, Ministry of External Affairs (MEA) had a four-days visit to Russia from September 8-11, 22 to attend the SCO-CFM (Council of Foreign Ministers) Meeting in Moscow.
About Kyrgyzstan:
Capital– Bishkek
Currency– Kyrgyzstani som
President– Sooronbay Sharipovich Jeenbekov
About Iran:
Currency– Iranian Rial
President– Hassan Rouhani

National

Prime Minister Virtually Inaugurated 900 crore worth Petroleum Project in Bihar

Prime Minister Narendra Modi Inaugurated 3 key projects of the petroleum sector worth more than Rs 900 crore in Biharthrough video conference and dedicated it to the Nation.The projects include the Durgapur-Banka section(about 200 km) of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and 2 LPG(Liquefied Petroleum Gas) Bottling Plants.
About Bihar:
Chief Minister– Nitish Kumar
Governor– Phagu Chauhan

Agriculture Ministry: Targets to Cover 100 Lakh Ha Under Micro Irrigation

Narendra Singh Tomar, Union Minister for Agriculture and Farmers Welfare announced that the Ministry has set target to cover 100 lakh Hectares(Ha) under micro irrigation in 5 years while addressing the webinar on Enhancing Water Use Efficiency and Coverage of Micro Irrigation in Indian Agriculture organised by the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW).

Economy

S&P Projected India’s GDP to contract 9% in FY21 on rising covid-19 cases

S&P (Standard & Poors) Global Ratings projected a contraction of 9% in India’s gross domestic product (GDP) in FY21 in comparison to previous estimate of 5% contraction. The reason behind this down gradation is rising coronavirus cases in India that are keeping private spending and investment lower for a longer-than-anticipated period.
About S&P (Standard & Poors) Global Ratings:
President– John Berisford
Headquarters– New York, New York, United States

ICICI Lombard inks bancassurance tie up with Yes Bank for selling insurance products

ICICI (Industrial Credit and Investment Corporation of India) Lombard Insurance Company Ltd has entered into a Bancassurancetie-up with Yes Bank to sell its insurance products. Through this agreement, ICICI Lombard aims to offer innovative insurance solutions to Yes Bank’s Customers across 28 States and 8 Union Territories.
About ICICI Lombard Insurance Company Ltd:
Chief Executive Officer (CEO), Managing Director (MD) – Bhargav Dasgupta
Headquarters – Mumbai, Maharashtra
About YES Bank:
Chief Executive Officer (CEO), Managing Director (MD) – Prashant Kumar
Headquarters – Mumbai

IFSCA Signed MoU with India Gold Policy Centre- IIMA to Set up International Bullion Exchange (IBE) in India

International Financial Services Centre Authority (IFSCA) and India Gold Policy Center (IGPC) at Indian Institute of Management – Ahmedabad (IIMA) (IFSCA-IIMA), sponsored by World Gold Council, signed Memorandum of Understanding (MoU) at the IFSCA, GIFT City Gandhinagar to provide consultation to facilitate the establishment of International Bullion Exchange(IBE) in India.
As part of the MoU, IGPC-IIMA an independent think tank with in-house expertise in the area of gold markets shall be a knowledge partner for IFSCA to successfully roll out the International Bullion Exchange.
About IGPC-IIMA:
The full name of the centre is the India Gold Policy Center at Indian Institute of Management – Ahmedabad (IIMA)
Chairperson– Prof Arvind Sahay
HeadQuarters– Ahmedabad, Gujarat

Sports

Lewis Hamilton wins Tuscan Grand Prix, Albon secures first career podium

Mercedes’ Lewis Hamilton (Britain) Won the Tuscan Grand Prix 2020, held at the Mugello Circuit, Italy. This Hamilton’s 90th Pole Position of his career, he is one win short of equalling Michael Schumacher’s All-Time Record. Mercedes’ Valtteri Botta(Finland) finished Second, while Red Bull’s Alexander Albon Ansusinha (Thailand) finished third in the Tuscan Grand Prix 2020.
About Italy:
President – Sergio Mattarella
Capital – Rome
Currency – Euro

US Open 2020 – Overview

The 140th Edition of American Open took place at the USTA Billie Jean King National Tennis Centre, New York, United States from August 31, 2020 – September 13, 2020.
It was the Second Grand Slam Event of the year, after Australian Open took place in January. Wimbledon was called off due to the pandemic.

Miscellaneous

MoRTH Conducted Orientation and Training Programme of iRAD App

Ministry of Road Transport & Highways (MoRTH) conducted the 2-days Orientation and Training programme on Integrated Road Accident Database Project (iRAD) App for the selected districts of Karnataka and on 10th & 11th September 2020 for some districts of Uttar Pradesh (UP).This has been done to receive feedback and other suggestions for the customization of iRAD app as per the requirements of the states/UT.
iii.The basic iRAD app, for capturing the spot accident data, has been developed by IIT (Indian Institutes of Technology) Madras (Tamil Nadu) and National Informatics Centre Services Inc(NICSI) of New Delhi.
About MoRTH:
Union Minister– Nitin Jairam Gadkari
Minister of State(MoS)– Gen (Retd) Vijay Kumar Singh

77th Venice Film Festival 2020: Chaitanya Tamhane’s Marathi Film “The Disciple” Bags Best Screenplay Award

Venice Film Festival 2020, The 77th Venice International Film Festival organised by La Biennale di Venezia was held from 2nd September to 12th September 2020. Marathi film – The Disciple, directed by Chaitanya Tamhaneand starring Aditya Modak, Arun Dravid, Sumitra Bhave and Kiran Yadnyopavit won the Best Screenplay Award at the festival.
About La Biennale di Venezia:
President– Roberto Cicutto
Director General– Andrea Del Mercato
Headquarters– Venice, Italy

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