Current Affairs

28 October, 2020


CSB Bank Partners with IIFL Finance for Managing Gold Loan Assets in Untapped Locations

CSB Bank Ltd (formerly Catholic Syrian Bank Ltd) entered into partnership with IIFL finance Ltd, a NBFC(Non-Banking Financial Company)to source and manage retail gold loan assets in untapped locations. Under the partnership, IIFL will act as a Business Correspondent (BC) of the Bank.IIFL with its vast branch network will source new business from markets where CSB Bank does not have an adequate branch network.
About CSB Bank Ltd :
Head Office– Thrissur, Kerala
Managing Director(MD) & Chief Executive Officer(CEO)– C. VR. Rajendran
About IIFL Finance Ltd:
HeadQuarters- Mumbai, Maharashtra
MD– R Venkataraman

Australia to participate in 24thMalabar Naval Exercise, First ‘Quad’ Exercise

The naval exercise Malabar is held annually between the troika of India, United States (US), and Japan but this year i.e. the 24th edition of exercise will also see a participation of Australia making it first “quadrilateral” naval exercise excercise.This Quad grouping exercise will take place in India Ocean Region (IOR) viz. Bay of Bengal and the Arabian Sea in a non-contact format amid COVID-19.
About Indian Navy:
Chief of the Naval Staff (CNS)– Admiral Karambir Singh
Integrated Headquarters MoD (Navy)– New Delhi


Uttar Pradesh secures First Rank in Disbursing Loans under PM SVANidhi Scheme;PM Modi distributes Loans

Uttar Pradesh has secured First Rank in Disbursing Loans under PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme by approving the highest number of loans under the scheme in the country.On 27th October, Prime Minister Narendra Modi distributed Loans to around 3 Lakh beneficiaries.Madhya Pradesh came second in the list with over 1.25 Lakh Beneficiaries, followed by Telangana (53, 777) in Loan Disbursement Scheme. Meanwhile, Uttar Pradesh ranked first in all categories viz Applications of Loan, Sanction of Loan and Disbursements of loans under the scheme.
Top 3 States in Loan Disbursement Category:
Rank State Loan Disbursements (approximately)
1 Uttar Pradesh 2.2 Lakh Loans
2 Madhya Pradesh 1.25 Lakh Loans
3 Telangana 53, 777 Lakh Loans
.About Uttar Pradesh:
Governor – Anandiben Patel
Dams – Rihand Dam or GovindBallabh Pant Sagar(Rihand River ),Matatila Dam(River Betwa),The Rajghat Dam (Betwa River)

IIT-K and ASI Signed MoU with Two Italy Institutes for Protection of Monuments

Indian Institute of Technology Kanpur (IIT-K) in Uttar Pradesh (UP) and Archaeological Survey of India (ASI) have inked Memorandum of Understanding (MoU) with Italy’s Ca’ Foscari University of Venice, and Soprintendenza Archeologia, Belle Arti E Paesaggio, Venice for creating a network of sharing skills for restoration and protection of historical monuments.In this regard, institutes will promote collaboration and activities in areas such as collaboration in scientific studies and skill sharing, the exchange of knowledge, experience, academic materials and publications, conducting workshops, undertaking joint field studies and technology development.The activities under this MoU will be coordinated by Prof Mukesh Sharma, department of Civil Engineering, IIT-Kanpur.
About Archaeological Survey of India (ASI):
Director General– V. Vidyavathi
Headquarter– New Delhi
About Italy:
President – Sergio Mattarella
Capital – Rome
Currency – Euro

NITI Aayog’s AIM & Australia’s CSIRO Launched India–Australia Circular Economy Hackathon (I-ACE)

Ramanan Ramanathan, Mission Director Atal Innovation Mission (AIM) and Additional Secretary NITI (National Institution for Transforming India) Aayog launched ‘India–Australia Circular Economy Hackathon (I-ACE)’ which will be organized by NITI Aayog’s AIM on December 7-8, 2020 in association with Australia’s national science agency, Commonwealth Scientific and Industrial Research Organisation (CSIRO).It has been launched on the lines of the virtual summit between the Prime Minister (PM) of India Narendra Modi and Australian PM Scott John Morrison held on June 4th, 2020.The focus of I-ACE is on the identification and development of innovative technology solutions by bright-minded students, startups and Micro, Small and Medium Enterprises (MSMEs) of both nations to address the circular economy challenge.
About Australia:
Capital– Canberra
Currency– Australian dollar


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NASA’s SOFIA Discovered Water on Sunlit Surface of Moon, on Clavius Crater

For the first time, National Aeronautics and Space Administration’s (NASA) Stratospheric Observatory for Infrared Astronomy (SOFIA) has confirmed water on the sunlit surface of the Moon. SOFIA has detected water molecules (H2O) in Clavius Crater, one of the largest craters visible from Earth, located in the Moon’s southern hemisphere. The results are published in the latest issue of Nature Astronomy.This discovery indicates that water may be distributed across the lunar surface, and not limited to cold, shadowed places.SOFIA, a modified Boeing 747SP jetliner used its 106-inch Faint Object infraRed CAmera for the SOFIA Telescope (FORCAST) to pick up the specific wavelength unique to water molecules, at 6.1 microns, and discovered a surprising concentration of 100 to 412 parts per million – roughly equivalent to a 12-ounce bottle of water – trapped in a cubic meter of soil spread across the lunar surface.
About National Aeronautics and Space Administration’s (NASA):
Administrator– James Frederick Bridenstin
Headquarters– Washington, D.C., United States (US)

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