Current Affairs

17 September, 2020

International

Mexico Became the First Country to Issue 7-year Sovereign SDG Bond worth $890m

Mexico became the first country in the world to inaugurate sustainable financing program for
the achievement of Sustainable Development Goals (SDGs) by issuing a seven-year
Sovereign SDGs Bond worth USD 890 million under its new “SDG Sovereign Bond
Framework” developed with investment bank Natixis, located in Paris, France.This
transaction allows Mexico to expand its investor base by accessing international funds
working towards sustainable economic development.
About United Nations Development Programme (UNDP)
Administrator– Achim Steiner
Headquarter– New York, United States (US)
About Mexico:
Capital– Mexico City
Currency– Mexican peso
President– Andres Manuel Lopez Obrador

Global Initiative to reduce Land Degradation and Coral Reef program launched at G20 Environment Ministers Meet

The Environment Ministerial Meeting (EMM) of the G20 Countries took place through video
conference. The G20 EMM took place as part of the Sherpa Track for the G20 Leaders
Summit; it was hosted through a video conference under the Presidency of the Kingdom of
Saudi Arabia.
Global Initiative to Reduce Land Degradation and Coral Program:
A Global Initiative to Reduce Land Degradation and Coral Program and two other
documents related to managing emissions and climate change adaptations were launched
in the meeting.
About G20:
Members – 19 Countries and European Union(Argentina, Australia, Brazil, Canada,
China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi
Arabia, South Africa, South Korea, Turkey, United Kingdom and United States).
Chairman (2020) – Salman Bin Abdulaziz Al Saud (Saudi Arabia)
Theme of 2020 G20 Riyadh Summit – “Realizing Opportunities of the 21st Century for All”

India Ranked 116th in World Bank’s Human Capital Index 2020

The 2020 Human Capital Index (HCI) is a collaboration between the Human Development
Practice Group and the Development Economics Group of the World Bank.World Bank
released the report titled “The Human Capital Index 2020 Update: Human Capital in the
Time of COVID-19”on September 16, 2020. India has been placed at the 116th position
among 174 countries in the Human Capital Index 2020 with score increase to 0.49 from
0.44 in 2018 in comparison to 115 out of 157 countries.The country of Singapore topped
the score with 0.88 followed by Hong Kong at 0.81 and Japan at 0.80.Human capital is the
stock of habits, knowledge, social and personality attributes embodied in the ability to
perform labour so as to produce economic value.

India Joined Djibouti Code of Conduct/ Jeddah Amendment as Observer

On the lines of the high level meeting of the Djibouti Code of Conduct/ Jeddah Amendment
(DCOC/JA) held virtually on 26 August 2020, India has joined the DCOC/JA Amendment,
as Observer in order to collaborate with DCOC/JA member states towards for enhancing
maritime security in the Indian Ocean Region (IOR). With this, India joins Japan, Norway,
the United Kingdom (UK) and the United States (US) as Observers to the DCOC/JA.
About Djibouti:
Capital– Djibouti
Currency– Djiboutian franc (DJF)
President– Ismail Omar Guelleh
About International Maritime Organization (IMO):
Secretary-General– Kitack Lim
Headquarter– London, United Kingdom (UK)
Members States– 174 and 3 Associate Members

National

ARIES, HNBGU hold International Online Conference on Aerosol Air Quality, Climate Change and Impact on Greater Himalayas

Aryabhatta Research Institute of Observational Sciences (ARIES), Nainital an autonomous
research institute under Department of Science and Technology (DST), Ministry of Science
and Technology, and Hemvati Nandan Bahuguna Garhwal University (HNBGU), a central
university in Srinagar, Pauri Garhwal, Uttarakhand jointly organized an International
Conference on ‘Aerosol Air Quality, Climate Change and Impact on Water Resources
and Livelihoods in the Greater Himalayas’ at ARIES, Nainital from September 14-16,
2020.
The International Conference will discuss the effect of Aerosols on the Himalayan
Regions in India, Nepal and Bangladesh.
About Aryabhatta Research Institute of Observational Sciences(ARIES):
Director – Dipankar Banerjee
Location – Manora Peak, Nainital, Uttarakhand, India.

Economy

India’s GDP to Contract by 10.2% in FY20-21: OECD

As per the report ‘OECD( Organisation for Economic Co-operation and
Development) Interim Economic Assessment Coronavirus: Living with uncertainty’,
September 2020 India’s Gross Domestic Product (GDP) for FY20-21 is projected to contract
by 10.2%(-10.2%). The report also projected a sharp sharp bounce back to 10.7% growth in
the next fiscal year for India with similar high figures for other countries in 2021.
About Organisation for Economic Co-operation and Development(OECD):
Headquarters– Paris, France
Secretary-General– Angel Gurría(Full name- José Ángel Gurría Treviño)
Member countries– 37 (not India)

Mexico became the first country in the world to inaugurate sustainable financing program for the achievement of Sustainable Development Goals (SDGs) by issuing a seven-year Sovereign SDGs Bond worth USD 890 million under its new “SDG Sovereign Bond Framework” developed with investment bank Natixis, located in Paris, France.This transaction allows Mexico to expand its investor base by accessing international funds working towards sustainable economic development. About United Nations Development Programme (UNDP) Administrator– Achim Steiner Headquarter– New York, United States (US) About Mexico: Capital– Mexico City Currency– Mexican peso President– Andres Manuel Lopez Obrador

DBS Bank India Ltd(in short- DBS Bank India) launched an online credit solutions
platform, ‘DBS Digital Business Loans for SMEs’ to provide loans for Small and mediumsized enterprises (SMEs) businesses in a convenient manner with credit facility up to Rs 20
crore. .This segment-flagship platform facilitates access to business credit across the entire
spectrum of micro, small and medium enterprises.
About DBS Bank India Limited:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Surojit Shome
About DBS Group:
Headquarters– Singapore
CEO and Director– Piyush Gupta

Sports

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Miscellaneous

Michelin Star Chef Vikas Khanna Honoured with 2020 Asia Game Changer Award for Feeding Millions Amid COVID-19

The Michelin Star Chef Vikas Khanna received the 2020 Asia Game Changer Award from
Asia Society, a United States based non-profit organisation for feeding millions of people
across India amid the ongoing COVID-19 pandemic, by coordinating a food distribution
drive from Manhattan.He is the only Indian among the six awardees who were recognised
by the Asia Society.
About Asia Society:
President and CEO– Ambassador Josette Sheeran
Headquarters– New York, United States of America.

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