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

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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