Current Affairs

17 November, 2020

International

Russia Chaired the 8th BRICS Science, Technology and Innovation (STI) Ministerial Meeting Virtually Russia Chaired the 8th BRICS Science, Technology and Innovation (STI) Ministerial MeetingRussia Chaired the 8th BRICS Science, Technology and Innovation (STI) Ministerial Meeting Virtually Virtually

Russian Ministry of Science and Higher Education organised the virtual meeting of the 8th BRICS (Brazil, Russia, India, China and South Africa) Science, Technology and Innovation (STI) Ministerial Meeting. The S&T cooperation among the member countries was discussed in the meeting.The BRICS STI Declaration 2020 was unanimously adopted at the meeting. The Russian Federation is the chair of the 12th BRICS Summit.
About BRICS:
Members– Brazil, Russia, India, China and South Africa.
Chairmanship (2020)– Russia (India will assume the Chairmanship of BRICS in 2021)

15 Asia-Pacific Nations sign World’s Biggest Free Trade Pact ‘RCEP’ in 37th ASEAN virtual Summit 2020 hosted by Vietnam; India keeps out

10 members of the ASEAN (Association of Southeast Asian Nations) and their Free Trade Agreement (FTA) partners China, Japan, South Korea, New Zealand and Australia signed the World’s largest regional free-trade agreement “Regional Comprehensive Economic Partnership – RCEP” on the sidelines of the 37th ASEAN virtual Summit 2020 hosted by Vietnam. India had pulled out of RCEP in 2019 over concerns on Imports.
Members who have signed the RCEP pact account for 2.2 Billion People with a combined Gross Domestic Product (GDP) of USD 26.2 Trillion.
About Association of Southeast Asian Nations (ASEAN):
Chairman (2020) – Vietnam
Secretary General – Dato Lim Jock Hoi (Brunei)
Headquarters – Jakarta, Indonesia

National

MNRE expands scope of PM-KUSUM Scheme to enable greater solar energy generation in farm sector

Ministry of New and Renewable Energy (MNRE) has amended Guidelines of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme based on learnings from implementation of the scheme during the first year (2019-2020). It has been amended to encourage greater solar energy generation in the farm sector.
About Ministry of New and Renewable Energy (MNRE):
Minister of State (MoS), (Independent Charge) – Raj Kumar Singh
Headquarters – New Delhi

Lonar lake in Maharashtra and Sur Sarovar in UP Added to Ramsar sites

Prakash Javadekar, Union Minister for Environment, Forest and Climate Change (MoEFCC) announced that Sur Sarovar also known as Keetham Lake in Agra, Uttar Pradesh and Lonar Lake in Maharashtra, the only crater lake of Country has been added to the ‘Ramsar Sites’.These 2 wetlands have been included in the ‘List of Wetlands of International Importance’ established by Article 2.1 of the convention. With the inclusion of these 2 wetlands, the total number of Ramsar Sites in India is 41, the highest in South Asia.

Economy

SBM Bank India Partnered with PayNearby to Launch a Neo Banking Platform

SBM Bank (India) Limited (SBM Bank India), the wholly-owned subsidiary of State Bank of Mauritius has partnered with Fintech PayNearbyto launch a neo banking platform.
The bank is also looking at collaborative banking in other segments and where companies may have access to a large number of customers but does not have a banking license.
About SBM Bank (India) Limited (SBM Bank India):
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief executive Officer(CEO)– Sidharth Rath
Commenced Operations– 1st December 2018
About Nearby Technologies Pvt. Ltd
PayNearby belongs to Nearby Technologies Pvt. Ltd
Headquarters– Mumbai, Maharashtra
Founder, MD& CEO– Anand Kumar Bajaj

Sports

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Miscellaneous

DRDO successfully test-fires Quick Reaction Surface-to-Air Missile System at Chandipur, Odisha

Defence Research and Development Organisation (DRDO) successfully test fired Quick Reaction Surface-to-Air Missile (QRSAM) System at the Integrated Test Range, Chandipur, Odisha. The missile successfully hit its target during the test.QRSAM has been designed to protect moving armoured vehicles from aerial attacks.It has a range of 25 to 30 Kms. It is anindigenous Missile System developed by DRDO in association with Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL). QRSAM is set to be inducted into the Indian army by 2021.

Sadat Rahman from Bangladesh Won the International Children’s Peace Prize 2020 for his work to Combat Cyberbullying

17 year old Sadat Rahman from Bangladesh won the International Children’s Peace Prize 2020 for his involvement in setting up his social organization and creating mobile application ‘Cyber Teens’ to end cyberbullying.Nobel Peace Prize laureate Malala Yousafzaipresented the award to Sadat Rahman, during a ceremony in the Netherlands.
About KidsRights Foundation:
HeadQuarters– Lijnden, Netherlands
Founder & Chairman– Marc Dullaert

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