Current Affairs

20 August, 2020

International

ILO-ADB Report: 41 Lakh Youths Lost Their Jobs of India Due to COVID-19

The International Labour Organization (ILO) and the Asian Development Bank (ADB) released the joint report titled “Tackling the Covid-19 youth employment crisis in Asia and the Pacific”, which stated that due to the COVID-19 pandemic, around 41 lakh youths have lost their jobs in India.
ii.The report assesses the impacts of the COVID-19 pandemic on the youth employment in Asia and Pacific regions and recommends critical policy responses.
iii.The report is based on the regional assessment of the “Global Survey on Youth and COVID-19” and the available unemployment data in different countries.

National

AIFF signs MoU with IPSO to Conduct Online Scouting Workshops in India

All India Football Federation(AIFF) signed an Memorandum of Understanding(MoU) with International Professional Scouting Organization (IPSO) to conduct online Scouting Workshops throughout India.

Ministry of Tribal Affairs and Ministry of Rural Development Inked MoU to Take convergence endeavour ahead

Union Minister of Rural Development and Agriculture and Farmers Welfare Narendra Singh Tomar addressed the State Rural Livelihoods Missions across the country through video conferencing.
ii.During the occasion, the Ministry of Tribal Affairs (MoTA) and Ministry of Rural Development (MoRD) signed an memorandum of understanding (MoU) to take the convergence endeavor (efforts of both ministries) ahead and support rural poor including tribal communities.
iii.Narendra Singh Tomar also released a book “Farm Livelihood Interventions under DAY-NRLM (Strategy, Convergence Framework, Models)”.

AIFF signs MoU with IPSO to Conduct Online Scouting Workshops in India

All India Football Federation(AIFF) signed an Memorandum of Understanding(MoU) with International Professional Scouting Organization (IPSO) to conduct online Scouting Workshops throughout India.

Economy

RBI Released Framework for Authorisation of Pan-India Umbrella Entity for Retail Payments

eserve Bank of India (RBI) released the “Framework for authorisation of pan-India Umbrella Entity for Retail Payments” on the lines of the feedback received on the “draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems” which was placed on Reserve Bank’s website on February 10, 2020 for public comments.
ii.The entity will be incorporated under Companies Act, 2013 and may be a for-profit or a Section 8 Company. It will be authorized by RBI under Section 4 of the Payment and Settlement Systems (PSS) Act, 2007
iii.The minimum paid-up capital of the umbrella entity should be Rs 500 crore.

ADB Approved USD 1 billion loan for Delhi-Meerut Regional Rapid Transit System, a 1st of its kind in India

The Asian Development Bank (ADB) has approved a USD 1 billion (about Rs 7,485 crore) loan to construct the modern, high-speed 82-kilometer Delhi – Meerut, Uttar Pradesh Regional Rapid Transit System (RRTS) in India, a first of its kind in India.
ii.The finance of the Delhi- Meerut RRTS project will be given in 4 tranches between August 2020 and May 2025.
iii.The NCR Transport Corporation (NCRTC) will execute the project.

Sports

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Miscellaneous

Indian Railways Introduces Drone Based Surveillance System for Railway Security

Indian Railways introduces Drone based surveillance technologies which has emerged as an important and cost effective tool for security surveillance over a large area with limited manpower.
ii.Central Railway’s Mumbai Division of the Indian Railways procured 2 Ninja Unmanned Aerial Vehicles(UAV) to increase the security and surveillance in the Railway premises like the station, tracks, yards and workshops.
UNESCO World Heritage Centre: Mountain Railways of India – Darjeeling Himalayan Railway , Nilgiri Mountain Railway

Reliance Retail Ventures Ltd Acquired 60% stake in Vitalic Health Pvt Ltd & 100% direct ownership of Netmeds

Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired 60% equity stake in Vitalic Health Pvt Ltd(Vitalic) and 100% direct equity ownership of its subsidiaries namely Tresara Health Private Limited, Netmeds MarketPlace Limited and Dadha Pharma Distribution Pvt Limited(collectively known as Netmeds)for a cash consideration of around Rs 620 crore(USD 83.08 million). The deal values Netmeds around Rs 1,000 crore.

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