Current Affairs

23 November, 2020

International

India’s Param Siddhi bags 62nd Rank in TOP500 list of most powerful non-distributed computer systems in the World

According to 56th Edition of the TOP500 project which ranks and details the 500 most powerful non-distributed computer systems in the world, India’s Supercomputer – PARAM Siddhi-AI – Ranked 62 in the list of most powerful non-distributed computer systems in the World.Japan’s Fugaku topped the list, the second & third rank were taken by US (United States) Supercomputers “Summit” & “Sierra”.
Pratyush & Mihir:
Another Supercomputer, Pratyush – Ranked 77 featured in the Top 100 while “Mihir” – Ranked 145 featured in the list of Top 500 supercomputers in the list.
Both Pratyush and Mihir are located at two Government Institutes.
About Ministry of Science and Technology:
Union Minister– Harsh Vardhan
Departments under the ministry– Department of Science & Technology(DST), Department of Biotechnology(DBT), Department of Scientific & Industrial Research(DSIR)

12th Counter Terrorism Dialogue between India and the European Union held virtually

The 12th Counter Terrorism Dialogue was held virtually between India and the European Union (EU). During the meeting both sides accepted to support each other in their fight against terrorism. The Dialogue was co-chaired by Mr Mahaveer Singhvi, Joint Secretary for Counter Terrorism, Ministry of External Affairs of India and Ms Joanneke Balfoort, Director for Security Policy, European External Action Service.
i.Both EU & India discussed Sanctions as a tool to combat terrorism.
ii.Discussions were held on the working arrangement between Europol and the Indian Central Bureau of Investigation (CBI) and EU law enforcement authorities to prevent and combat organised crime and terrorism.
About European Union (EU):
27 Members – Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain & Sweden.
The United Kingdom withdrew from the European Union on 31 January 2020.
European Parliament president – David-Maria Sassoli (Italy)
Headquarters– Brussels, Belgium

National

IOCL Successfully Tests “zero-emission e-mobility”; Oil India Launched Seismic Survey in Mahanadi onland basin in Odisha

i. the Indian Oil Corporation Ltd (IOCL), through its company statement has notified that it successfully conducted a ‘Proof of Concept’ feasibility study on ‘zero-emission electric mobility’ at one of its fuel stations in Bengaluru, Karnataka. This study will help in promoting electric mobility in the country.
ii.In accordance with the study Zero-Emission Electric Mobility is a concept that allows the electric vehicle (EV) to charge using solar power and ensuring zero emissions.
iii.The other oil company, Oil India Limited (OIL) launched the Rs 220 crore seismic survey programme at Kakatpur in Puri District, Odisha in the Mahanadi Basin (Onland) as a part of the National Seismic Programme (NSP). This was launched to locate oil and gas in Indian sedimentary basins.
About Indian Oil Corporation Ltd (IOCL):
Chairman– Shrikant Madhav Vaidya
Headquarter– New Delhi
About Oil India:
Chairman & Managing Director (CMD)– Sushil Chandra Mishra
Headquarter– Noida, Uttar Pradesh (UP)

MoPNG Signed MoUs for 900 CBG plants worth Rs 30,000cr with 8 Oil & Gas Companies & Technology Providers under SATAT Initiative

Union Minister Dharmendra Debendra Pradhan, Ministry of Petroleum and Natural Gas (MoPNG) signed Memoranda of Understandings (MoUs) with 8 leading oil & gas marketing companies & technology providers to set up 900 Compressed Bio-Gas (CBG) plants with an outlay of Rs 30,000 Cr across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative.
About Ministry of Petroleum and Natural Gas (MoPNG):
Dharmendra Pradhan Constituency– Madhya Pradesh (MP)
Secretary– Tarun Kapoor

Economy

India’s GDP to Contract by 10.6% in Fiscal 2020 from Earlier -11.5%: Moody’s

The Moody’s Investors Service has revised upwards the India’s GDP(Gross Domestic Product) for the Fiscal 2020 (April 2020-March 2021) to -10.6%(contract by 10.6%) from -11.5% projected earlier. The upward revision is due to the latest stimulus prioritizes manufacture and job creation, and changes the focus to longer-term growth.
Other Key Projection of Moody’s
i.Government debt to rise to 89.3% of GDP in fiscal 2020 and decline to 87.5% in fiscal 2021, from 72.2% in fiscal 2019.
ii.The fiscal deficit of the general govt to reach around 12% of the GDP, with some risk in fiscal 2020 and narrows to about 7%of GDP over the medium term, which will be still above the deficit of 6.5% of GDP in 2019.
iii.In 2020, the median for Baa-rated peers is projected to increase to 60.8%.

LIC launches its First Digital Application, ‘ANANDA’ for Agents; 1st of its kind in Indian Life Insurance Industry

Life Insurance Corporation of India (LIC) launched its First Digital Application, ‘ANANDA’ (Atma Nirbhar Agents New Business Digital App).
The digital tool supports the on boarding process to get Life Insurance policy with the help of the Agent / Intermediary without any paperwork. ANANDA is a first of its kind in the Indian Life Insurance industry with LIC pioneering the process through its in-house IT(Information Technology) enabled systems.
Objective– To facilitate the process of proposal completion that is fully paperless and digital.

ADB Approved a $50 Million Policy-Based Loan to Help Boost West Bengal’s Digital Platforms for Public Finance Reforms

The Asian Development Bank (ADB) approved a $50 million (about Rs 370 crore)policy-based loan to help boost West Bengal’s Digital Platforms for Public Finance Reforms
Objective
i.To improve operational efficiencies and resource planning and management in West Bengal.
ii.To integrate the financial and information systems and expand the automation reforms in the state govt’s operation, which is expected to strengthen the delivery of public services and generate fiscal savings.
About Asian Development Bank (ADB):
Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa
Membership– 68 countries(Including India)
Formed– 1966

Mastercard and USAID Partnered under W-GDP to Launch Project Kirana for Women Empowerment

Mastercard and the United States Agency for International Development (USAID) entered into partnership under the Women’s Global Development and Prosperity Initiative (W-GDP) Initiative to launchProject Kirana.
ii.Project Kirana is a 2 year economic empowerment program for women that drives small business growth through digital financial inclusion.
iii.The programme will be implemented by DAI and ACCESS Development Services in the selected cities of Uttar Pradesh, including Lucknow, Kanpur and Varanasi.

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