Current Affairs

24 September, 2020

International

Greenhouse Emissions to add 15 inches to global sea level rise by 2100: NASA-led study

In accordance with the study “Ice Sheet Model Intercomparison Project (ISMIP6)” by NASA’s (National Aeronautics and Space Administration) Goddard Space Flight Center in Greenbelt, Maryland (United States) which has been done on the lines of the projection in the Intergovernmental Panel on Climate Change’s (IPCC) 2019 Special Report on Oceans and the Cryosphere, there will be more than 38 centimetres (15 inches) rise in global sea-level rise by 2100 due to the melting of Greenland and Antarctica’s ice sheets driven by continuous greenhouse emissions.

National

J-K inked MoU with Army to Operationalise Kishtwar Airstrip

Union Territory (UT) of Jammu & Kashmir (J&K) inked Memorandum of Understanding (MoU) with Army for the development and operationalization of Airstrip in Kishtwar.
ii.The MoU was signed by Brigadier Vikram Bhan, Commander, 9 Sector Rashtriya Rifles and S. Katoch, Commissioner Civil Aviation signed the MoU in the presence of LG, Manoj Sinha and Dr. Jitendra Singh, Minister of State (MoS), Prime Minister Office (PMO) through video conferencing at Raj Bhava

Cabinet Approved hike in MSP for RMS 2021-22; Sets Foodgrain Output Target at Record 301MT for 2020-21

On the lines of the recommendations of Swaminathan Commission, on September 21, 2020, Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved an increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22.The decision regarding the increase in MSPs for Rabi Marketing Season (RMS) 2021-22 is taken with the principle of fixing the MSPs at a level of at least 1.5 times of the All-India weighted average Cost of Production under “Pradhan Mantri AnnadataAaySanraksHan Abhiyan” (PM-AASHA) as announced in Union Budget 2018-19.

Economy

HDFC Life, Yes Bank enter into Corporate Agency Arrangement

HDFC (Housing Development Finance Corporation) Life and Yes Bank entered into a Corporate Agency Arrangement (CA). As part of the arrangement, HDFC Life will provide a diverse range of insurance products to customers of Yes Bank.
i.HDFC Life’s wide range of life insurance products includes solutions for protection, saving and investment, retirement and critical illness.
ii.It will be available to customers of Yes Bank through the Bank’s branches which are spread throughout the country.
About HDFC Life:
Managing Director (MD), Chief Executive Officer (CEO) – Vibha Padalkar
Headquarters – Mumbai, Maharashtra
About YES Bank:
MD & CEO– Prashant Kumar
Headquarters– Mumbai, Maharashtra

Bandhan Bank initiated Emerging Entrepreneurs Business (EEB)Vertical to Help Entrepreneurs

In order to support the emerging needs of the unbanked and underbanked segment of customers, Bandhan Bank has set up a new vertical called Emerging Entrepreneurs Business (EEB) to assist this segment in becoming entrepreneurs.

In this regard, the bank has appointed Kumar Ashish as the Executive President and Head to lead EEB.
This vertical will be responsible for managing micro home loan, micro bazaar loan and micro enterprise loan.

Sports

2020 Italian Open – Overview

The 77th Edition of Italian Open (also known as Rome Masters or the Internazionali BNL d’Italia) 2020 took place from September 14-21, 2020 at Foro Italico Court, Rome, Italy.
ii.It is a clay court tournament and is classified as an ATP (Association of Tennis Professionals) Tour Masters 1000 Event on the 2020 ATP Tour and a Premier 5 event on 2020 WTA (Women’s Tennis Association) Tour.

Miscellaneous

SEBI constitutes Technical Group on Social Stock Exchange under Harsh Kumar Bhanwala

Securities and Exchange Board of India (SEBI) constituted the Technical Group under the Chairmanship of Harsh Kumar Bhanwala, former Chairman of NABARD. The group will develop a framework for onboarding non-profit organisations and for-profit enterprises.
It will also develop a framework for prescribing disclosure requirements relating to performance and aspects related to social audit and social impact.
About Securities and Exchange Board of India (SEBI):
Chairman – Ajay Tyagi
Headquarters – Mumbai, Maharashtra

Former Defence Minister Bah Ndaw named as Interim President of Mali

Former Mali Defence Minister and retired Colonel Bah Ndaw was named as the Interim President of the Republic of Mali. Colonel Assimi Goita was appointed as Vice President. They will be sworn in on 25th September, 2020.
Key Points:
i.They were appointed by a group of 17-member panel chosen by Junta to oversee an 18-month transition that will end in fresh elections.
ii.He served as head of Malian Air Force and Defence Minister under the President Ibrahim Boubacar Keita in 2014.
iii.Colonel Assimi Goita is the leader of the Junta which ousted President Ibrahim Boubacar Ketia in August, 2020.
Background:
On 19th August, 2020, Mali President Ibrahim Boubacar Keita announced his resignation with immediate effect following a military mutiny in the Republic of Mali.
About Republic of Mali:
Capital – Bamako
Currency – West African CFA franc

Retd Col Dr Girija Shanker Mungali Appointed as a Member of AFC Task Force

Dato’ Windsor John, the General Secretary of the Asian Football Confederation(AFC) appointed retired Colonel Dr. Girija Shankar Mungali as a member of the 7 members task force of AFC to regulate the football clubs in Asia and Australia.
ii.He is the only Indian appointed to this task force and He will hold his position in the panel till 2023.
About Asian Football Confederation(AFC):
The AFC is the nodal governing body of football in Asia and Australia.
President– Shaikh Salman bin Ebrahim Al Khalifa (10th President of AFC)
Headquarters– Kuala Lumpur, Malaysia

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