Current Affairs

19 November, 2020

International

12th BRICS Summit 2020 Virtually Hosted by Russian President Vladimir Putin; Narendra Modi Participated

The 12th BRICS (Brazil-Russia-India-China-South Africa) Summit 2020 held virtually on November 17, 2020 which was attended by heads of state of the five-member states. The summit was hosted by Vladimir Putin, President of Russia on the theme “Global Stability, Shared Security and Innovative Growth” where India was represented by Prime Minister (PM) Narendra Modi
About BRICS (Brazil-Russia-India-China-South Africa):
The BRICS represents over 3.6 billion people, or half of the world”s population. The BRICS countries have a combined GDP of USD 16.6 trillion.
Establishment– 2009

London (UK) Topped the 2021 World’s Best Cities Ranking; Delhi Placed at 62nd: Resonance Consultancy Ltd

In accordance with the annual report and ranking of best cities around the world titled “2021 World’s Best Cities” by Resonance Consultancy Ltd, London, United Kingdom (UK) is at top spot for the 6th consecutive year. It was followed by New York, United States (US) and Paris (France) at 2nd and 3rd rank respectively.Notably only one Indian city, Delhi, is listed in the ranking at 62 which was ranked 81st in previous year ranking.The report has ranked 100 cities around the world with a population of more than 10 lakh. The ranking was based on the 25 ranking factors grouped into six core categories.

National

L&T delivers India’s first launch hardware for Gaganyaan Mission to ISRO

Larsen & Toubro (L&T) delivered First Hardware – a Booster Segment – ‘S-200’ for Gaganyaan Launch Vehicle to ISRO (Indian Space Research Organisation) in a virtual flag-off ceremony.The Virtual flag-off ceremony was presided over by Dr K Sivan, Chairman, ISRO.
i.The Booster segment was produced at L&T’s Powai Aerospace Manufacturing Facility, Mumbai, Maharashtra.
ii.The Critical booster segment has a diameter of 3.2 meters, 8.5 meters in length and weighs 5.5 tons.
Gaganyaan – India’s Human Space Flight Programme (HSFP):
ISRO’s Gaganyaan mission aims to send a three-member crew to space for a period of 5-7 days by 2022 when India completes 75 years of Independence.
About Indian Space Research Organisation (ISRO):
Chairman – Dr. K. Sivan
Headquarters – Bengaluru, Karnataka
About Larsen & Toubro (L&T):
Chairman – Anil Manibhai Naik
Chief Executive Officer & Managing Director – S. N. Subrahmanyan
Headquarters – Mumbai, Maharashtra

EESL Signs MoU with DNRE of Goa Govt to Implement India’s 1st 100 MW Convergence Project in Goa

Energy Efficiency Services Limited (EESL) signed a Memorandum of Understanding(MoU) with the Department of New & Renewable Energy (DNRE), Government of Goa to discuss the implementation of India’s First 100 MW(MegaWatt) decentralised solar convergence project under the newly formed Convergence Energy Services Limited (Convergence) in Goa. Goa is the first state to adopt the concept of amortising the cost of pumps and LED lights into a Power Purchase Agreement (PPA).
About Energy Efficiency Services Limited (EESL):
Founded- 2009
Chairman– Rajeev Sharma
Managing Director(MD) -Rajat Kumar Sud
Headquarters– New Delhi, India

Ramesh Pokhriyal ‘Nishank’, Union Minister of Education Virtually Launched AICTE’s Lilavati Award 2020

Ramesh Pokhriyal ‘Nishank’, Union Minister of Education virtually launched the Lilavati Award 2020, an initiative by the All India Council for Technical Education(AICTE) to promote women empowerment in India.
Theme of Lilavati Award 2020:
The Theme of the Lilavati Award 2020 is “women empowerment”.
About All India Council for Technical Education (AICTE):
Chairman– Prof. Anil Dattatraya Sahasrabudhe
Headquarters– New Delhi

Arunachal Pradesh Records Best Sex Ratio in India: Annual Report from Office of Registrar General & Census Commissioner

According to Annual Report on ‘Vital Statistics on India based on Civil Registration System 2018’, Arunachal Pradesh recorded the Highest Sex Ratio at Birth (SRB) in the country with 1,084 females born per thousand males. It was followed by Nagaland (965) & Mizoram (964), Kerala (963), and Karnataka (957).The report was released by the Office of the Registrar General & Census Commissioner of India, Ministry of Home Affairs, Government of India.
States with High SRB:
State Sex Ratio at Birth (SRB)
Arunachal Pradesh 1,084
Nagaland 965
Mizoram 964
States with Low SRB:
State Sex Ratio at Birth (SRB)
Manipur 757
Lakshadweep 839
Daman & Diu 877

PM Modi Virtually Addressed the 3rd Annual Bloomberg New Economy Forum 2020

The 3rd Annual Bloomberg New Economy Forum 2020 was held virtually where India was represented by Prime Minister (PM) Narendra Modi. The focus of the forum was to restore the economy and charting a course for the future amid COVID-19 pandemic.It should be noted that the inaugural Forum was held in Singapore, and the second annual Forum was hosted in Beijing, China.
About Bloomberg New Economy Forum:
Initiated in 2018 by Michael Bloomberg It seeks to build a community of leaders to engage in real conversations leading to actionable solutions about the critical challenges facing by the world.

Economy

Karnataka Bank Launches CASA Mobilisation Campaign

Karnataka Bank Limited(KBL) launched CASA (current account, savings account) mobilisation campaign, that will begin from November 17, 2020 to March 4, 2021.
Objective of the Campaign:To enable the basic banking services to the unbanked(not use banks or banking institutions) sections of the society.To popularize bank’s digitally powered CASA products to the next level of customers on the basis of their requirements.

RBI placed LVB under 1-month moratorium & announced Draft Scheme to amalgamate LVB with DBIL

Reserve Bank of India (RBI) proposed a draft scheme of amalgamation of the capital-starved Lakshmi Vilas Bank Ltd. (LVB) with DBS Bank India Ltd. (DBIL).This decision has been taken after the Central Government has imposed a one-month moratorium on LVB on November 17, 2020 that temporarily capped withdrawals at Rs 25,000. The moratorium will be effective upto December 16, 2020.
About DBS Bank India Ltd. (DBIL):
DBIL is a wholly owned subsidiary of DBS Bank Ltd, Singapore (“DBS”), which in turn is a subsidiary of Asia’s leading financial services group, DBS Group Holdings Limited.
Chief Executive Officer (CEO)– Piyush Gupta
Registered Office– New Delhi
About Lakshmi Vilas Bank (LVB):
Managing Director & Chief Executive Officer – Subramanian Sundar
Tagline – The Changing Face Of Prosperity
Head Quarter – Chennai, Tamil Nadu.

RBI Commenced 1st Test Phase of Regulatory Sandbox retail payments with Two Entities via ‘eRupaya’ & ‘PaySe’

Reserve Bank of India (RBI) announced the opening of the first cohort under the Regulatory Sandbox (RS) with “Retail Payments”, as its theme. In this regard, Reserve Bank received applications from 32 entities of which six have been selected for the ‘Test Phase’.Therefore as of November 16, 2020, two sandbox entities viz. Natural Support Consultancy Services Pvt. Ltd. of Jaipur, Rajasthan and Nucleus Software Exports Ltd. of New Delhi have started the first test phase of their products viz. “eRupaya” and “PaySe” respectively.
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)

Sports

India to host 2022 FIFA U-17 Women’s World Cup

World Football Governing body FIFA (Federation Internationale de Football Association) approved India as the host of the U-17 Women’s World Cup in 2022.FIFA announced that the U-17 Women’s World Cup scheduled to take place in India in 2021 was cancelled due to COVID-19 and the next edition of the tournament will be held in 2022.
India’s Ranking in Football
According to Rankings released by FIFA, The Indian men’s Team currently ranks at its 108th position (as of October, 2020) whereas the women’s team ranks at 55th Position (as of August 2020).
FIFA’s Approvals
Event Host
2022 FIFA U-17 Women’s World Cup India
2022 FIFA U-20 Women’s World Cup Costa Rica
2020 FIFA Club World Cup Qatar

About Federation Internationale de Football Association (FIFA):
President – Infantino Gianni
Headquarters – Zurich, Switzerland

Indian Cricketer Sudeep Tyagi announces retirement from all forms of Cricket

Indian Fast Bowler Sudeep Tyagi announced retirement from all forms of Cricket.Hailing from Uttar Pradesh, Tyagi represented India in 4 One-Day Internationals (ODI) & 1 Twenty20 International Scalping Three wickets in the ODI format.He represented his state Uttar Pradesh in the Ranji Trophy and played for Chennai Super Kings & Sunrisers Hyderabad in the Indian Premier League (IPL).The Right-arm pacer made his ODI debut against Sri Lanka in December 2009, and played his last game for India against South Africa in 2010.Tyagi played 41 first-class matches and picked up 109 wickets.

Miscellaneous

DRDO successfully test-fires QRSAM system for the Second Time from Chandipur, Odisha

Defence Research and Development Organisation (DRDO) successfully test-fired its Quick Reaction Surface to Air Missile (QRSAM) system from Integrated Test Range (ITR), Chandipur, Odisha for the Second Time. It demonstrated the warhead’s performance on proximity detection.
About Defence Research and Development Organisation (DRDO):
Chairman – Dr. G. Satheesh Reddy
Motto – “Strength’s Origin is in Knowledge”

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