21 October, 2020
India Ranked world No. 2 in Migrations to OECD nations; China tops: 44th International Migration Outlook 2020
-general at OECD (Organisation for Economic Co-operation and Development) Jose Angel Gurria Trevino unveiled the 44th edition of “International Migration Outlook 2020” in which India emerged as the second largest source country both in terms of the “total” inflow of new migrants to OECD countries during 2018 and also as regards the number of Indians acquiring citizenship of these countries.India overtook Romania to emerge as the second-largest source country. Notably, migration from India to OECD countries increased sharply by 10% and reached 3.3 lakh. It represents 5% of the overall migration to OECD countries.China grabbed the top spot while Romania stood at 3rd place.
About Organisation for Economic Co-operation and Development (OECD):
The OECD is an international organization where the governments of 37 member states work with each other to foster sustainable development.
Headquarters– Paris, France
Israeli Embassy to have first ‘Water Attache’ in India from January, 2021
India and Israel share a strategic partnership in water management. In order to boost it further, Israel will have a first separate ‘Water Attache’ in India from January 2021 which will share the former’s best practices and technologies for advancements in India’s water management and agriculture sectors. Notably, water is one of the biggest challenges in India post-COVID.
Currency– Israeli New Shekel
Prime Minister– Benjamin Netanyahu
Nitin Gadkari Laid Foundation Stone for India’s first Multi-modal Logistic Park in Assam Virtually
Nitin Gadkari, Union Minister for Road Transport, Highways and MSMEs(Micro, Small & Medium Enterprises) virtually laid the foundation stone for India’s first Multi-modal Logistic Park(MMLP) at Jogighopain Assam. Rs 693.97 crore park will provide direct air, road, rail and waterways connectivity to the people. The park will be developed under the Bharatmala Pariyojana of the Government of India.
MoS Mansukh Mandaviya e-launches Development of Indigenous Software Solution for VTS, VTMS
Minister of State (MoS) (Independent Charge) for Shipping, Mansukh Mandaviya e-launched the development of Indigenous Software solution for Vessel Traffic Services (VTS) and Vessels Traffic Monitoring Systems (VTMS) in New Delhi. The launch of indigenous software is in line with Prime Minister’s Aatma Nirbhar Bharat Mission. The indigenous VTS and VTMS software will help in determining the position of shipping Vessels, position of other traffic and other meteorological hazard warnings, and traffic management within a port or waterway.
About Ministry of Shipping:
Minister of State (MoS) (Independent Charge) – Mansukh Mandaviya
Headquarters – New Delhi
NITI Aayog, AWS launch 1st of its Kind Frontier Technology Cloud Innovation Centre in India
National Institution for Transforming India (NITI) Aayog launched First of its Kind, Frontier Technologies Cloud Innovation Center (CIC) with Amazon Web Services (AWS). CIC will help in addressing societal challenges through digital innovation with focus on agriculture, healthcare and skill development. This is the First CIC in India and 12th CICaround the Globe.
About National Institution for Transforming India (NITI) Aayog:
Chief Executive Officer (CEO) – Amitabh Kant
Headquarters– New Delhi
About Amazon Web Services (AWS):
CEO – Andrew R. Jassy
Headquarters – Seattle, Washington D.C., United States of America (USA)
Bond trade platform ‘BondEvalue’ set for New Year launch in India
Singapore-based bond exchange, BondEvalue, co-founded by India-origin entrepreneurs Rajaram Kannan and Rahul Banerjee, is all set to launch a blockchain-platform in 2021 to facilitate investment in bonds by individuals.Recently, BondEvalue got approval as a global Recognised Market Operator (RMO) from the Monetary Authority of Singapore (MAS).The RMO allows BondbloX Bond Exchange (BBX), the world’s first blockchain-based bond exchange, to trade globally a wide range of fixed-income securities.Resident Indians can buy US dollar bonds on the BondEvalue Exchange through the Liberalised Remittance Scheme which allows individual to remit up to USD 200,000 a year from India. Individuals will come via the Indian banks that become members on the exchange.
Paytm in Partnership with Various Credit Card Issuers to Introduce 2 Million Co-branded Credit Cards for Indian Consumers
Paytm in partnership with various credit card issuers will introduce 2 million co-branded credit cards for consumers in India in the next 12–18 months.The ‘Next Generation Credit Cards’ will have diverse one-touch services, including changing security pin number, updating address, blocking card in the event of fraud prevention, issuing duplicate card and viewing outstanding credit limit.
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar
Leather Sector Skill Council launches SCALE India Mobile App for Enhanced Quality Assurance
Leather Sector Skill Council (LSSC), a non-profit organization (NGO) launched “Skill Certification Assessment for Leather Employees India (SCALE India)” Android app for enhancing the quality assurance of the leather industry. Union Minister of Skill Development and Entrepreneurship, Mahendra Nath Pandey unveiled the SCALE India app during a virtual event.
The app will serve as a one-stop solution for skilling, learning, assessment and employment needs of the leather and leather products industry.
Aim:Through this app, LSSC is aiming to enhance quality assurance of the Leather Industry under Skill India Mission.
Leather Sector Skill Council (LSSC):LSSC was established in 2012 as key sector skill councils approved by National Skill Development Corporation (NSDC).
About Leather Sector Skill Council (LSSC):
Chairman – P. R. Aqeel Ahmed
Location – Chennai, Tamil Nadu
SEBI Constitutes a Market Data Advisory Committee Headed by Madhabi Puri Buch, for Market data
In an effort to set up Data Culture through Data Democratizationin the Indian securities market, The Securities and Exchange Board of India (SEBI) has constituted a Market Data Advisory Committee(MDAC), Standing Committee. The committee is headed by Madhabi Puri Buch, Whole Time Member, SEBI and has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI as members.
About Securities and Exchange Board of India (SEBI):
Headquarters – Mumbai, Maharashtra
Chairman – Ajay Tyagi(He got another 18 months extension, with effect from 01.09.2020 up to 28.02.2022)
SC Appointed One-Man Panel to Monitor Stubble Burning under its Former Judge Madan Bhimarao Lokur
Supreme Court (SC) bench headed by Chief Justice Sharad Arvind Bobde and comprising of Justices Ajjikuttira Somaiah Bopanna and V Ramasubramanian has directed to formulate a one-man committee under former SC judge Madan Bhimarao Lokur to monitor and prevent stubble-burning by farmers in Punjab, Haryana and Uttar Pradesh (UP) this winter, which worsens the air quality in Delhi-National Capital Region (NCR).This constitution of panel is on the lines petition filed by Aditya Dubey who has raised concern over rising pollution level in Delhi-NCR. He was represented by senior advocate Vikas Singh.
About Supreme Court (SC) of India:
Headquarter– New Delhi