Current Affairs Today 12th November 2020-Download in PDF

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Current Affairs Today – 12th November 2020

NEWS AT A GLANCE

1. Public Service Broadcasting Day is celebrated every year on November 12 to commemorate the first and only visit of the Father of the Nation, Mahatma Gandhi.
2. The World Pneumonia Day is observed across the world on November 12 every year to raise awareness, promote prevention and treatment and produce action to combat the disease.
3. HDFC Bank has announced the launch of “SmartHub Merchant Solutions 3.0” for Small and mid-size enterprises.
4. Rating Agency Moody has projected the GDP of India at -8.9% for the calendar year 2020. Earlier this was projected at -9.6%.
5. The Cabinet Committee on Economic Affairs had approved the Continuation and Revamping of the Scheme for Financial Support to Public Private Partnership in Infrastructure Viability Gap Funding Scheme till 2024-25.
6. Paytm has launched “Payout Links” for businesses, enabling them to instantly process payouts to customers, employees and vendors, without collecting their bank details.
7. The Finance Minister Smt Nirmala Sitaraman announced the Economic Stimulus Package 4.0.
8. Home Minister Amit Shah will inaugurate “Sarhad VistarVikasotsav 2020 “tomorrow at Dhordo village situated in the forward borderarea in Kutch district of Gujarat.
9. The Government of India has issued an order on 11 November 2020, to bring video streaming over-the-top (OTT) platforms such as online films, audio-visual programmes and online news and current affairs content under the ambit of Ministry of Information and Broadcasting.
10. The Union Ministry of Textiles has launched a campaign for Diwali- “Local4Diwali”.
11. India has received the first commercial shipment from Bangladesh through water route on November 9, 2020.
12. Hunar Haat has restarted from November 11 after a gap of around seven months due to the COVID-19 pandemic.
13. The government has made it mandatory for companies with annual turnover of Rs 100 crore and above to go for e-invoicing for business to companies (B2C) transactions.
14. Maharashtra will observe the National Unity Week from 19th to 25th of November.
15. Chief Minister Naveen Patnaik has launched ‘Secha Samadhan’, a bilingual mobile application, to address the irrigation problems faced by farmers without them having to visit the offices concerned.
16. Prime Minister Narendra Modi is to cochair India-ASEAN summit along with the Vietnamese Prime Minister Ngyuyen Xuan Phuc.
17. India-Brazil-South Africa (IBSA) report on ‘Deepening Cooperation in IBSA: Perspectives from Key Sectors’ has been launched by the Economic Relations Secretary of Ministry of External Affairs (MEA), Rahul Chhabra.
18. The Government of India set up an inter-ministerial committee to strengthen capital goods sectors.
19. The Vice President of India, Shri M Venkaiah Naidu presented the National Water Awards (NWAs) for 2019 on 11 November 2020. This is the second edition of the award.
20. Ruskin Bond, one of India’s most cherished authors, has been conferred the 11th Tata Literature Live! Lifetime Achievement Award for 2020, to recognise his very long literary life of almost seventy years.
21. The Indian Navy launched the fifth Scorpene submarine “Vagir” at Mazagon Dock of south Mumbai.
22. China’s Chen Meng has been crowned as the winner of the first-ever ITTF Women’s World Cup title.
23. Maharashtra Governor, Bhagat Singh Koshyari has released the book ‘Majhi Bhint’ (My Wall) authored by former Maharashtra Minister of Education Rajendra Darda at Raj Bhavan, Mumbai.
24. Bahrain’s Prime Minister Khalifa bin Salman al-Khalifa, has passed away. He was 84.

NEWS IN DETAILS

IMPORTANT DAYS AND THEMES

Public Service Broadcasting Day observed on 12 November

• Public Service Broadcasting Day is celebrated every year on November 12 to commemorate the first and only visit of the Father of the Nation, Mahatma Gandhi.
• Mahatma Gandhi addressed the displaced people (refugee from Pakistan), who had temporarily settled at Kurukshetra in Haryana after partition.

World Pneumonia Day observed on 12 November

• The World Pneumonia Day is observed across the world on November 12 every year to raise awareness, promote prevention and treatment and produce action to combat the disease.
• World Pneumonia Day 2020 is an annual event that was first celebrated in the year 2009.

BANKING & FINANCE

HDFC Bank launches SmartHub Merchant Solutions 3.0 for SMEs

• HDFC Bank has announced the launch of “SmartHub Merchant Solutions 3.0” for Small and mid-size enterprises.
• This solution allows merchants and self-employed professionals to instantly open a current account and start accepting payments in-store, online, and on-the-go.
• The merchant solution was launched at a virtual event held in Mumbai by Parag Rao, Country Head – Payments, Consumer Finance, Marketing and Digital Banking at HDFC Bank along with T R Ramachandran, Group Country Manager, India and South Asia, Visa.

Extra Shots:

HDFC Bank

• CEO: Aditya Puri
• Headquarters: Mumbai
• Founded: August 1994, India

BUSINESS & ECONOMY

Moody’s projects India GDP for 2020 at -8.9%; 2021 forecast at 8.6%

• Rating Agency Moody has projected the GDP of India at -8.9% for the calendar year 2020. Earlier this was projected at -9.6%.
• Apart from this, India’s GDP growth for Calendar year 2021 is projected at 8.6% by Moody’s from 8.1% earlier.

Extra Shots:

Moody

• CEO: Raymond W. McDaniel Jr.
• Headquarters: New York, New York, United States
• Founder: John Moody
• Founded: 1909, New York, New York, United States

CCEA grants Rs 8,000 crore rupees for continuation and revamping of Infrastructure Viability Gap Funding

• The Cabinet Committee on Economic Affairs had approved the Continuation and Revamping of the Scheme for Financial Support to Public Private Partnership in Infrastructure Viability Gap Funding Scheme till 2024-25.
• The main objective of the scheme is to promote PPP (Public-Private Partnership) in social and economic infrastructure for proper operation and maintenance, for efficient creation of assets and make the socially essential projects commercially viable.

Paytm launches “Payout Links” for small businesses

• Paytm has launched “Payout Links” for businesses, enabling them to instantly process payouts to customers, employees and vendors, without collecting their bank details.
• It is aimed at helping small businesses in sectors like gaming, retail, export, manufacturing and e-commerce.
• Payout Links will allow businesses to send ‘incentives’ or refunds to the customers’ bank accounts or wallet accounts.
• It can be used for salary payments, vendor payments, commissions and incentive transfers to be done instantly.

Extra Shots:

Paytm

• Founder: Vijay Shekhar Sharma
• Founded: August 2010, Noida
• CEO: Vijay Shekhar Sharma
• Headquarters: Uttar Pradesh

Finance Minister announces Economic Stimulus Package 4.0

• The Finance Minister Smt Nirmala Sitaraman announced the Economic Stimulus Package 4.0.
• Production Linked Incentive Scheme for 10 sectors. Rs 1.46 trillion to be provided.
• Rs 6,940 crore scheme to promote manufacture of API (Active Pharmaceutical Ingredients).
• Rs 18,000 crores allocated to Pradhan Mantri Awas Yojana (Urban). The implementation of the programme will generate 7.8 million jobs.

NATIONAL CURRENT AFFAIRS

Amit Shah to inaugurate “Sarhad Vistar Vikasotsav 2020 “tomorrow in Gujarat

• Home Minister Amit Shah will inaugurate “Sarhad VistarVikasotsav 2020 “tomorrow at Dhordo village situated in the forward borderarea in Kutch district of Gujarat.
• “Sarhad Vistar Vikasotsav 2020” is aimed to address theproblems relating to health, education and road connectivity in remote and border villages, so that standard of living in such areas can be improved considerably.

Centre brings online news & other OTT Platforms like Netflix under purview of IB ministry

• The Government of India has issued an order on 11 November 2020, to bring video streaming over-the-top (OTT) platforms such as online films, audio-visual programmes and online news and current affairs content under the ambit of Ministry of Information and Broadcasting.
• These platforms were so far under the purview of the Ministry of Electronics and Information Technology.
• Exercising the powers conferred by clause (3) of Article 77 of the Constitution, the President of India called for amended to the Government of India (Allocation of Business) Rules, 1961.
• These rules may be called the Government of India (Allocation of Business) Three Hundred and Fifty-Seventh Amendment Rules, 2020. They shall come into force at once.

Ministry of Textiles launches “Local4Diwali” campaign

• The Union Ministry of Textiles has launched a campaign for Diwali- “Local4Diwali”.
• The campaign has been launched to promote the Indian handicraft which is the cultural heritage of the country and also a source of livelihood for many.
• The main aim of the #Local4Diwali campaign is to urge people to buy and gift Indian handicraft products on this Diwali.

India received first shipment from Bangladesh through water route

• India has received the first commercial shipment from Bangladesh through water route on November 9, 2020.
• The shipment was received Assam’s Karimganj on the Protocol for Inland Water Trade and Transit (PIWTT) route.
• This is a step towards utilizing the inland waterway connectivity for trade and prosperity between both the countries.
• India and Bangladesh have a Protocol on Trade and Transit through inland waterways.
• The protocol was first signed in 1972 and renewed in 2015.

Extra Shots:

Bangladesh (Capital/Currency): Dhaka /Bangladeshi taka

• President: Abdul Hamid

Hunar Haat resumes operation after 7 months gap due to COVID-19

• Hunar Haat has restarted from November 11 after a gap of around seven months due to the COVID-19 pandemic.
• To mark the beginning of operations, Union Minister for Minority Affairs Mukhtar Abbas Naqvi inaugurated ‘Hunar Haat’ at Delhi Haat, Pitampura.
• The Hunar Haat is being organized by the IITF, Pragati Maidan from November 11 to 22. The theme of this Hunar Haat is “Vocal for Local”.
• Naqvi also said that the Indian indigenous industry has seen an improvement PM Modi’s idea of “Vocal for Local”.
• This is also helping to strengthen the mission of Atmanirbhar Bharat.

Centre mandates e-invoicing system for firms with turnover of Rs 100 cr or more from January 2021

• The government has made it mandatory for companies with annual turnover of Rs 100 crore and above to go for e-invoicing for business to companies (B2C) transactions.
• This new rule will be applicable from 01 January 2021.
• Currently, e-invoicing is mandatory for companies with annual turnover of at least Rs 500 crore.
• Under the system, companies will have to raise e-invoices through a unique invoice reference portal and generate the IRN (invoice reference number).

STATE CURRENT AFFAIRS

Maharashtra to observe National Unity Week from Nov 19 to 25

• Maharashtra will observe the National Unity Week from 19th to 25th of November.
• In order to increase social harmony in the state, everyone should participate in this programme.
• instructions have been given to all the government agencies including all the Divisional Commissioners, Collectors, Chief Executive Officers of Zilla Parishads to conduct various programs with due care to prevent spread of corona infection.

Extra Shots:

Maharashtra:

• Capital: Mumbai
• Chief Minister: Uddhav Thackeray
• Governor: Bhagat Singh Koshyari
• National Parks: Chandoli National Park, Nawegaon National Park, Gugamal National Park, Pench National Park, Sanjay Gandhi (Borivilli) National Park, Tadoba National Park
• Wildlife Sanctuaries: Amba Barwa WLS, Bor WLS, Great Indian Bustard WLS,
• Lonar WLS, Melghat WLS, Gangewadi New Great Indian Bustard WLS, etc.

CM Naveen Patnaik launched a mobile app “Secha Samadhan”

• Chief Minister Naveen Patnaik has launched ‘Secha Samadhan’, a bilingual mobile application, to address the irrigation problems faced by farmers without them having to visit the offices concerned.
• He also launched four other online services to resolve the issue of water distribution for industries, commercial establishments and other institutions.

Extra Shots:

Odisha:

• Statehood Day: 1^st April 1936
• Capital: Bhubaneswar
• Governor: Ganeshi Lal
• Chief Minister: Naveen Patnaik

INTERNATIONAL CURRENT AFFAIRS

PM Modi to cochair India-ASEAN Summit

• Prime Minister Narendra Modi is to cochair India-ASEAN summit along with the Vietnamese Prime Minister Ngyuyen Xuan Phuc. ASEAN is Association of South East Asian Nations.
• The summit is to review the status of India-ASEAN strategic partnership.
• It will focus on key areas such as maritime cooperation, connectivity, trade and commerce, capacity building and education.

Extra Shots:

ASEAN

• Headquarters: Jakarta, Indonesia
• Founded: 8 August 1967, Singapore

SUMMITS AND CONFERENCES

India-Brazil-South Africa (IBSA) report on ‘Deepening Cooperation in IBSA: Perspectives from Key Sectors’ launched

• India-Brazil-South Africa (IBSA) report on ‘Deepening Cooperation in IBSA: Perspectives from Key Sectors’ has been launched by the Economic Relations Secretary of Ministry of External Affairs (MEA), Rahul Chhabra.
• The report has been prepared by the second batch of the fellows of IBSA Visiting Fellow Program.
• The fellows of IBSA fellowship program undertook research on cooperation at the UN in Traditional Medicine, Intellectual Property Rights, and Financial Sector Cooperation & Trade in Banking Services & Energy.

Extra Shots:

IBSA

• Founded: 6 June 2003, Brasilia, Brazil

RECENT COMMITTEES IN NEWS

Inter-Ministerial Committee set up to strengthen Capital Goods Sector

• The Government of India set up an inter-ministerial committee to strengthen capital goods sectors.
• This will help India achieve its goal of becoming a 5 trillion USD economy.
• The Government of India has set up a 22-member inter-ministerial committee to strengthen Capital Goods Sector.
• The committee will look into issues pertaining to Capital goods Sector.

NATIONAL & INTERNATIONAL AWARDS

2nd National Water Awards

• The Vice President of India, Shri M Venkaiah Naidu presented the National Water Awards (NWAs) for 2019 on 11 November 2020. This is the second edition of the award.
• The award ceremony has been organised by the Ministry of Jal Shakti, Department of Water Resources, River Development and Ganga Rejuvenation is from 11 & 12 November, 2020 through virtual platform.
• Among the state’s category, Tamil Nadu bagged the Best State Award, followed by Maharashtra and Rajasthan.

Noted Writer Ruskin Bond conferred with Tata Literature Lifetime Achievement Award 2020

• Ruskin Bond, one of India’s most cherished authors, has been conferred the 11th Tata Literature Live! Lifetime Achievement Award for 2020, to recognise his very long literary life of almost seventy years.
• Apart from this, renowned poet, lyricist and screenwriter Javed Akhtar has been named as the Poet Laureate of the Tata Literature Live! The Mumbai LitFest 2020.

DEFENCE CURRENT AFFAIRS

Indian Navy launches fifth Scorpene Submarine “Vagir”

• The Indian Navy launched the fifth Scorpene submarine “Vagir” at Mazagon Dock of south Mumbai.
• The submarine is capable of taking missions such as anti-submarine warfare, anti-surface warfare, mine laying, intelligence gathering and area surveillance.
• Vagir is a part of six Kalvari class submarine that is being built in India.

SPORTS CURRENT AFFAIRS

China’s Chen Meng wins ITTF Women’s World Cup title

• China’s Chen Meng has been crowned as the winner of the first-ever ITTF Women’s World Cup title.
• Chen Meng is the world’s No.1 women tennis player at present.
• She defeated her Chinese compatriot Sun Yingsha.

BOOKS & AUTHORS

Maharashtra Governor releases a book ‘Majhi Bhint’

• Maharashtra Governor, Bhagat Singh Koshyari has released the book ‘Majhi Bhint’ (My Wall) authored by former Maharashtra Minister of Education Rajendra Darda at Raj Bhavan, Mumbai.
• The book is a compilation of selected Facebook posts of Rajendra Darda pertaining to a range of issues written over the last four years.

OBITUARY

Bahrain’s Prime Minister, Prince Khalifa Al Khalifa, passes away at 84

• Bahrain’s Prime Minister Khalifa bin Salman al-Khalifa, has passed away. He was 84.
• Prince Khalifa was not only the longest serving PM of Bahrain, but he was the world’s longest-serving prime minister.
• He had held the post since independence in 1971.
• Bahrain is observing a week of official mourning, during which flags will be flown at half-mast.

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