Current Affairs

3 October, 2020

International

Smriti Irani Participated in 25th Anniversary of the Fourth World Conference on Women Virtually

Union Minister Smriti Zubin Irani, Ministry of Women and Child Development (WCD)
addressed the High-level meeting on the 25th anniversary of the Fourth World Conference
on Women (FWCW) – Beijing +25 virtually. The theme of the event was “Accelerating the
realisation of gender equality and the empowerment of all women and girls”.During
the conference, it was announced that India is committed to full and effective
implementation of the Beijing Declaration and Platform for Action.
Efforts by Indian Government on Women Empowerment Highlighted during Address:
–One Stop Crisis Centres providing medical, psychological, legal, police and shelter
facilities to women under a common roof.
-All efforts are being made to ensure continuity of care for women, especially pregnant and
lactating women and women in vulnerable situations

US Commits USD 1.9 Million to India to Support Informal Sector Workers, Micro Enterprises

United States (US) committed USD 1.9 Million (approximately INR 14 Crores) to support
informal workers, whose lives have been affected due to COVID-19. The Financial
Assistance has been extended by the US Agency for International Development
(USAID). USAID will support Revive Alliance, founded by Samhita-Collective Good
Foundation and co-funded by Michael and Susan Dell Foundation, Omidyar Network India,
and Ford Foundation.It is expected to reach around 60, 000 – 1,00, 000 workers and
enterprises, with preference to youth and women.
About United States (US):
President – Donald Trump
Capital – Washington D.C.
Currency – United States Dollar

National

Pentagon Approved India’s Request to Buy US$90mn of Spare Parts For C-130J Super Hercules Cargo Aircraft

United States (US) Department of Defence i.e. The Pentagon has approved India’s request
to buy USD 90 million (approximately Rs.660 crore) worth of equipment, spare parts and
logistical support for its fleet of C-130J Super Hercules cargo aircraft, procured from the US.
The sale would be executed by defence major Lockheed-Martin.The decision behind this
proposed sale is to effectively serve the needs of the Indian Air Force (IAF), in transport
requirements, humanitarian assistance and regional disaster relief. The IAF currently
operates a fleet of five C-130J-30s and has placed order for additional six C-130J-30s
Super Hercules aircraft.It is to be noted that, India is one of the 17 countries to whom the
US has sold its C-130J Super Hercules aircraft.
About United States:
Capital– Washington, D.C.
Currency– United States Dollar
President– Donald John Trump

Cabinet Committee on Security Approves Proposal for Establishment of ASCON Phase IV Network

Cabinet Committee on Security (CCS) approved proposal for establishment of Army Static
Switched Communication Network (ASCON) Phase IV Network worth INR 7796.39
Crore (approximately).It will be implemented by Public Sector Firm Indian Telephone
Industries Limited (ITI), Department of Telecommunication, Ministry of
Communications (MOC) and will become operational in 3 years.
Objective:: The Secure Communication System will increase network coverage in
International Borders, Line of Actual Control (LAC), and Line of Control (LC) and enhance
operational readiness of Indian Army at the borders

MoD Signs Contract worth 409 cr with EEL for supply of Multi-Mode Hand Grenades to Indian Army

Acquisition Wing of Ministry of Defence (MoD) signed a contract with private
company Economic Explosive Ltd (EEL)for supply of 10,00,000 Multi Mode Hand
Grenades to the Indian Army at an approximate cost of Rs. 409 Crores. Notably, these
grenades will replace the hand grenade design of World War-II vintage.These grenades
have been designed by Chandigarh based Terminal Ballistic Research Laboratories
(TBRL) of Defence Research and Development Organisation (DRDO) and are being
produced by EEL, Nagpur.
About Economic Explosive Ltd (EEL):
EEL is a wholly owned subsidiary of Solar Industries headed by Satyanarayan Nuwal.
Headquarter– Nagpur, Maharashtra

Economy

NABARD Launched Refinance Scheme for WASH Programme, Earmarked Rs 800 cr for FY 21

National Bank for Agriculture and Rural Development (NABARD) launched a special
refinance scheme to support the government’s Water, Sanitisation and Hygiene(WASH)
programme. For this purpose, Rs 800 crore has been earmarked for the financial
year 2020-21. This facility is an effort to promote a sustainable and healthy lifestyle in rural
areas.
About National Bank for Agriculture and Rural Development(NABARD):
HeadQuarters– Mumbai, Maharashtra
Chairman– G.R. Chintala

Indian Bank Introduced Kisan Credit Card Loan Scheme for Tamil Nadu Fishermen

Indian Bank introduced Kisan credit card loan scheme for fishermen inTamilNadu.
Under this scheme, loans up to Rs 2 lakh as working capital can be availed with 7% interest
rate. This loan will be provided under the MUDRA scheme. The borrowers will be given a
Rupay Kisan Credit Card.
About Indian Bank:
Managing Director(MD) and Chief Executive Officer(CEO)– Padmaja Chunduru
HeadQuarters– Chennai, TamilNadu

Sports

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Miscellaneous

RBI Approved a 3 member Interim Committee of Directors, headed by G Subramonia Iyer to Run Dhanlaxmi Bank

The Reserve Bank of India(RBI) approved a 3 member interim Committee of Directors
(CoD) to exercise the powers of Managing Director(MD) & Chief Executive Officer(CEO) of
Dhanlaxmi Bank Ltd till a new MD & CEO takes charge. G. Subramonia Iyer will
head(Chairman) the CoD, G. Rajagopalan Nair and P.K Vijayakumar will serve as its
members.RBI has directed that the interim arrangement should not continue beyond four
months, within which the bank must complete the proceedings of appointing a new MD and
CEO.
About Dhanlaxmi Bank Ltd:
Headquarters– Thrissur, Kerala

Rajya Sabha MP Sanjay Singh Selected for Gandhi Award of MGNF

J Jose, Chairman of Mahatma Gandhi National Foundation(MGNF) announced that Sanjay
Singh, Member of Parliament (MP) of Rajya Sabha and the leader of Aam Aadmi
Party(AAP) has been chosen as the recipient of the “2020 Gandhi Award”.He was
recognised with the award for being instrumental in the diplomatic intervention of India to
remove the image of Mahatma Gandhi on the beer bottles of Malka brewery, a
Israeli private company.
About the award:
The Gandhi Award, instituted by the Mahatma Gandhi National Foundation comprises a
sculpture of Mahatma Gandhi, a certificate and a cash prize of Rs. 25001.

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