Current Affairs

5 November, 2020

International

India provides NPR 1 Billion Tranche to Nepal Housing Reconstruction Project

Indian Ambassador to Nepal, Vinay Mohan Kwatra handed over a cheque of NPR (Nepalese Rupee) 1 Billion (~ INR 62.5 Crores) to Bishnu Prasad Paudel, Finance Minister of Nepal as reimbursement of Nepal Housing Reconstruction Project.
About Nepal:
Prime Minister – K. P. Sharma Oli
Capital – Kathmandu
Currency – Nepalese Rupee (NPR)

India & GCC Troika Held the Annual Political Dialogue in Virtual Mode

India and Gulf Cooperation Council(GCC) Troika held their annual political dialogue in Virtual mode. The leaders discussed the detailed review of India-GCC ties and highlighted the progress in ties in the past years.
About Gulf Cooperation Council (GCC):
Gulf Cooperation Council (GCC) is a political and economic alliance of 6 countries in the Arabian Peninsula.
Secretary General– Dr. Nayef Falah M. Al-Hajraf
Members– Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates
Established in– 1981
Headquarters– Riyadh, Saudi Arabia

India hosted 8th Meeting of the India-UAE High Level Joint Task Force on Investments; Co-Chaired by Piyush Goyal

India hosted the 8th Meeting of the India-UAE(United Arab Emirates) High Level Joint Task Force on Investments(the Joint Task Force) virtually due to the ongoing COVID-19 pandemic.
Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi.
About United Arab Emirates(UAE):
Capital– Abu Dhabi
Currency– UAE Dirham
Constituency:
Piyush Goyal– Rajya Sabha, Maharashtra

National

TRIFED Signed MoU with JD Centre of Arts to Preserve Tribal Craft Traditions Through Collaboration

The Tribal Cooperative Marketing Development Federation of India (TRIFED) signed a Memorandum of Understanding (MoU) with the JD Center of Arts (JDCA) for collaboration on joint socio-cultural research work and anthropological study of tribal art and tradition in the tribal dominated regions of India.
About Tribal Cooperative Marketing Development Federation of India (TRIFED):
MD– Pravir Krishna
Established in– August 1987
Headquarters– New Delhi
About JD Centre of Arts:
Founder and Chairman– Jatin Das
Headquarters– Bhubaneswar, Odisha

Indian Railways ties up with Indian School of Business to improve Operational Efficiency

Indian Railways (IR) has tied up with Indian School of Business (ISB), Hyderabad to improve its operational efficiency using digital tools such as Artificial Intelligence (AI) and Data Analytics. Indian School of Business will analyse the data generated by the Indian Railways.
Data to be used:
i.IR will provide passengers-related data, train operations-related data, freight data and asset-related data to ISB for the analysis.
ii.After analysis, it will be used by IR in the Passenger Reservation System (PRS), introduction of new trains, and predictive asset maintenance

Union Minister Harsh Vardhan releases NCAER Report on Estimation of Economic benefits of Investment in NMM & HPC

Union Minister for Earth Science (MoES), Harsh Vardhan released the report “Estimating the Economic Benefits of Investment in National Monsoon Mission (NMM) and High-Performance Computing (HPC) Facilities” prepared by National Council of Applied Economic Research (NCAER) at a function at Prithvi Bhavan, New Delhi. The report was commissioned by MoES.
Women’s Contribution:
26.6 % of total benefits in Economic Benefits are attributed to women’s contribution.
About National Monsoon Mission (NMM):
Director – Professor Ravi S. Nanjundiah
Location – Indian Institute of Tropical Meteorology, Pune, Maharashtra.

Economy

ADB Approves USD 132.8 Million Loan to Modernize Power Distribution Network in Meghalaya

The Asian Development Bank (ADB) approved a USD 132.8 million loan to Modernize Power Distribution Network in Meghalaya. Objective– To improve power quality and upgrade the power distribution network in Meghalaya.The loan will be increased by a USD 2 milliongrant from the Japan Fund for Poverty Reductionof ADB.
About Asian Development Bank (ADB):
Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa
Membership– 68 countries(Including India)
Formed- 1966

NPCI Launches ‘RuPay Festive Carnival’ for RuPay users

In order to cheer the customers in a new way this festive season, the National Payments Corporation of India (NPCI) launched, a flagship campaign for RuPay users. The RuPay users with this launch can enjoy compelling benefits and attractive discounts on products of various categories.
Aim– To encourage safe, contactless and cashless payments and offer a new way to enhance the user’s overall shopping experience.
About National Payments Corporation of India (NPCI):
Managing Director(MD) & Chief Executive Officer(CEO)– Dilip Asbe
Head Office– Mumbai, Maharashtra
Incorporated– 2008 under the provisions of the Payment and Settlement Systems Act, 2007 by Reserve Bank of India (RBI) and Indian Banks’ Association(IBA).

Sports

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Miscellaneous

Indian Coast Guard ship ‘C-452’, designed and built by L&T, commissioned at Ratnagiri

Western Seaboard Commander Additional Director General (ADG), Rajan Bargotra virtually commissioned the Indian Coast Guard Ship ‘C-452’ at Ratnagiri, Maharashtra. It is the 52nd ship in the series of 54 Interceptor Boats.
About Indian Coast Guard (ICG):
Director General of ICG (DGICG) – Krishnaswamy Natarajan
Motto-“Vayam Rakshamah” meaning “We Protect”

John Magufuli Won 2nd Term as President of Tanzania

President John Magufuli of the Chama Cha Mapinduzi (CCM) party won the 2nd term as the President of Tanzania with his landslide victory in the 2020 presidential election held on 28th October 2020 with 12.5 million votes i.e., 84% of the turnout vote. The swearing in ceremony of this 2nd term will be held on 5th November 2020.
About John Magufuli:
i.John Magufuli was elected as the President in 2015 and his CCM party has been in power since the independence of Tanzania from British in 1961.
ii.He introduced free education for all Tanzanians in public schools till the 4th year of secondary school.
iii.He contributed to the development in the transport sector of Tanzania like investing in creation of standard gauge railway, expansion of major highways and construction of rapid bus transit systems in Dar Es Salaam.
About Tanzania:
Capital– Dodoma
Currency– Tanzanian shilling

Dilip Rath, Chairman of NDDB Elected to the Board of International Dairy Federation

During the General Assembly of International Dairy Federation (IDF), Dilip Rath, Chairman of National Dairy Development Board (NDDB) was unanimously elected to the Board of IDF.
Note: He is the 2nd Indian to become part of the board of IDF. Dr Amrita Patel, former chairman of NDDB, had become the 1st Indian and 1st women to be elected to the board in December 2010.

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