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Current Affairs Today – 22nd August 2020

NEWS AT A GLANCE

  1. The ‘National Strategy for Financial Education 2020-2025’ (NSFE), released by the RBI, has suggested a multi-stakeholder-led approach for creating a financially aware and empowered India.
  2. The World Bank said it was likely to project a steeper contraction in India’s economy than the 3.2 per cent it had forecast for the current financial year, given the rising number of Covid-19 cases and the resultant regional lockdowns.
  3. A “Green Deposit Programme” has been launched by the HSBC India.
  4. Shri Arjun Munda, Union Minister for Tribal Affairs e-inaugurated ‘Tribes India Showroom’ in Mumbai.
  5. Shri Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment launched the official logo of Labour Bureau on 20 August 2020.
  6. The Tribal Affairs Ministry launched two tertiary processing centres in Chhattisgarh and Maharashtra to enhance the income of tribal forest gatherers by adding value to non-timber forest products collected by them.
  7. The Chhatarpur Police of Madhya Pradesh has been running a campaign “Ek Sankalp-Bujurgo ke naam” in the midst of corona infection in the state.
  8. The oil-rich United Arab Emirates announced that it has connected its Barakah nuclear power plant to the national grid in a first for the Arab world.
  9. Iran displayed a surface-to-surface ballistic missile named martyr Qassem Soleimani, that Defence Minister Amir Hatami said had a range of 1,400 kilometres and a new cruise missile, ignoring U.S. demands that Tehran halt its missile programme.
  10. India ranks among the lowest in the world in terms of Internet quality, according to a global research released by online privacy solutions provider SurfShark.
  11. The Union Minister of State for Tourism (IC), Shri Prahlad Singh Patel, a formal Memorandum of Understanding (MOU) was virtually signed today by the Travel Agents Association of India (TAAI) and FICCI Ladies Organisation (FLO) with the Ministry of Tourism for women empowerment.
  12. The Government of Uttar Pradesh has signed a ‘plan of cooperation’ with the Government of Israel for the management of water resources in Bundelkhand region of the state, which faces potable water shortage in summers.
  13. The Indian Institute of Technology (IIT) Roorkee has inked a memorandum of understanding (MoU) with the Bureau of Indian Standards (BIS) to carry out activities in the field of standardisation and conformity assessment.
  14. Atal Innovation Mission (AIM), NITI Aayog and Business Sweden on behalf of India Sweden Healthcare Innovation Centre are collaborating to promote the disruptive potential of Indian entrepreneurs, and boost the vibrant start-up ecosystem across the country.
  15. A Memorandum of Understanding (MoU) has been signed by the Indian Institute of Management Kozhikode (IIM-K) with the Switzerland-based HELP Logistics.
  16. Rajiv Kumar was appointed as the new Election Commissioner by President Ram Nath Kovind on August 21, 2020.
  17. The government has appointed Ashwani Bhatia as the next managing director of India’s largest public sector bank State Bank of India (SBI).
  18. The Ministry of Youth Affairs and Sports announced the National Sports Awards 2020.
  19. Ronnie O’Sullivan defeated Kyren Wilson with a score of 18-8 to win the World Snooker Championship 2020.
  20. Scientists at the International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI), under Department of Science and Technology (DST), Government of India, have developed a cost-effective electrode material for making affordable supercapacitor devices, from waste biomass like tamarind seeds and industrial cotton waste.
  21. Steel Recycling Business, a division of Tata Steel, has launched FerroHaat, a first-of-its-kind mobile application, to source steel scrap from the traders.
  22. On the 70th birthday of award-winning author Sudha Murty, publishing house Penguin Random House India announced her latest collection of short stories, Grandparents’ Bag of Stories.
  23. The book titled “India Tomorrow: Conversations with the Next Generation of Political Leaders”, has been released recently.
  24. In Uttar Pradesh, Bharatiya Janata Party sitting MLA Janmejai Singh from Deoria Sadar seat died of heart attack in Lucknow last night. He was 75.
  25. Former Tamil Nadu cabinet minister and senior DMK leader A Rahman Khan passed away. Rahman, 77, was undergoing treatment in a private hospital in Chennai.
  26. Pune-based Defence Institute of Advanced Technology (DIAT) has developed Ayurvedic biodegradable face mask and anti-microbial body suit.

NEWS IN DETAILS

BANKING & FINANCE

RBI Releases NSFE 2020-25, Suggests Action Plan to Promote Financial Education

  • The ‘National Strategy for Financial Education 2020-2025’ (NSFE), released by the RBI, has suggested a multi-stakeholder-led approach for creating a financially aware and empowered India.
  • The Reserve Bank of India (RBI) came out with a ‘5-Core Actions’ approach for promoting financial education, which among other things include development of relevant content for school children and adults, community participation and collaboration among various stakeholders.
  • The five Cs, outlined by the strategy paper, are: Content, Capacity, Community, Communication and Collaboration.
  • Strengthening financial inclusion in the country has been one of the important developmental agendas of both the Government of India and the four financial sector regulators (RBI, SEBI, IRDAI and PFRDA).

Extra Shots:

RBI

  • Governor: Shaktikanta Das Trending
  • Headquarters: Mumbai
  • Founder: British Raj
  • Subsidiaries: Deposit Insurance and Credit Guarantee Corporation, Bharatiya Reserve Bank Note Mudran

BUSINESS & ECONOMY

World Bank sees higher GDP fall in India than 3.2% it projected for FY21

  • The World Bank said it was likely to project a steeper contraction in India’s economy than the 3.2 per cent it had forecast for the current financial year, given the rising number of Covid-19 cases and the resultant regional lockdowns.
  • In its report on India Development Update, 2020, the Bank also warned that credit risks play out as firms and households find it more difficult to service their interest and repayment obligations in a slowing economy.

Extra Shots:

World Bank

  • Headquarters: Washington, D.C., United States
  • Parent organization: World Bank Group
  • Membership: 189 countries (IBRD); 173 countries (IDA)
  • Founded: July 1944
  • Founders: John Maynard Keynes, Harry Dexter White

HSBC India launches “Green Deposit Programme”

  • A “Green Deposit Programme” has been launched by the HSBC India.
  • The “green deposit programme” has been launched exclusively for corporate clients.
  • Under this programme, the bank will use the deposits to finance green initiatives and environment friendly projects.
  • With this, the deposit scheme launched by the HSBC India will provide its corporate clients stable and pre-agreed returns along with the same protection as a normal bank deposit does.
  • The deposit under the “Green Deposit Programme” will come in the form of a term deposit with higher interests as compared to savings deposits.
  • The scheme will finance eligible businesses and projects that encourage the transition to a low-carbon, climate resilient, and sustainable economy.

Extra Shots:

HSBC

  • Headquarters: London, United Kingdom
  • CEO: Noel Quinn
  • Founder: Thomas Sutherland
  • Founded: 3 March 1865, Hong Kong

NATIONAL CURRENT AFFAIRS

Shri Arjun Munda e-inaugurated Tribes India Showroom in Mumbai

  • Shri Arjun Munda, Union Minister for Tribal Affairs e-inaugurated ‘Tribes India Showroom’ in Mumbai.

Highlights:

  • The move is in line with the Prime Minister’s message “Be Vocal for Local”.
  • The move aims to promote the livelihood of the tribal people marketing, TRIFED, Ministry of Tribal Affairs has initiated these path-breaking initiatives that have a wide-ranging impact.
  • The move aims to boost sales and enhance tribal income in these challenging times, Tribes India on Wheels, mobile vans stacked fully with Van Dhan natural produce, immunity boosters and other tribal products.
  • It will take these products directly to the customer’s doorstep in 150 cities across the country.

Santosh Gangwar launches Logo of Labour Bureau

  • Shri Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment launched the official logo of Labour Bureau on 20 August 2020.

Key Features of the Logo

  • The newly launched logo represents the three goals of Labour Bureau to produce quality data which are Accuracy, Validity and Reliability, thus signifying that Labour Bureau is a data-based organization dealing in data related to workers and work.
  • Blue wheel: It is a cog wheel representing work. Blue colour signifies that we deal with blue collar workers.
  • Graph: It is not going upwards alone as in real world data has ups & downs because it captures ground reality.
  • Tricolored Graph: The graph matches with the colors of the National flag, along with wheat ears, signifying the fruit of rural agricultural labour.

Tribal Affairs ministry launches tertiary processing centres in Chhattisgarh & Maharashtra

  • The Tribal Affairs Ministry launched two tertiary processing centres in Chhattisgarh and Maharashtra to enhance the income of tribal forest gatherers by adding value to non-timber forest products collected by them.
  • Tribal Affairs Minister Arjun Munda e-launched the centres under the” TRIFOOD” project being implemented by Tribal Cooperative Marketing Development Federation of India (TRIFED) in association with the Ministry of Food Processing.
  • One of the minor forest produce (MFP) processing units will be set up in Raigad, Maharashtra, to add value to tradition tribal drink” mahua”, amla, custard apple and jamun and produce mahua drink, amla juice, candy, jamun juice and custard apple pulp.
  • Another multi-commodity processing centre in Jagdalpur, Chhattisgarh, will be used for the processing of commodities like mahua, amla, honey, cashew, tamarind, ginger, garlic and other fruits and vegetables.

STATE CURRENT AFFAIRS

“Ek Sankalp-Bujurgo ke naam” campaign in Madhya Pradesh

  • The Chhatarpur Police of Madhya Pradesh has been running a campaign “Ek Sankalp-Bujurgo ke naam” in the midst of corona infection in the state.
  • “Ek Sankalp-Bujurgo ke naam” i.e. ‘a commitment for elders’ is proving to be a boon for the elderly and helpless people living alone in homes during the global pandemic COVID-19.
  • Under this campaign, the police personnels are taking care of the elderly people from the food to their health.
  • This campaign is in line of the motto of Madhya Pradesh Police i.e. “Desh Bhakti-Jansewa”.

Extra Shots:

Madhya Pradesh:

  • Statehood Day: November 1, 1956
  • Capital: Bhopal
  • Chief Minister: Shivraj Singh Chauhan
  • Governor: Anandiben Patel
  • National Park: Bandhavgarh NP, Fossil NP, Kanha NP, Madhav NP, Panna NP, Pench NP, Sanjay NP, Satpura NP

INTERNATIONAL CURRENT AFFAIRS

UAE connects first Arab nuclear plant to power grid

  • The oil-rich United Arab Emirates announced that it has connected its Barakah nuclear power plant to the national grid in a first for the Arab world.
  • The milestone follows the successful start-up of the plant’s first reactor at the end of last month and launches the UAE on the road to meeting 25% of its electricity needs from nuclear power.

Extra Shots:

UAE (Capital/Currency): Abu Dhabi/ United Arab Emirates dirham

  • President: Khalifa bin Zayed Al Nahyan

Iran announces locally made ballistic and cruise missiles

  • Iran displayed a surface-to-surface ballistic missile named martyr Qassem Soleimani, that Defence Minister Amir Hatami said had a range of 1,400 kilometres and a new cruise missile, ignoring U.S. demands that Tehran halt its missile programme.
  • The missile has a range of 1,400 km and the cruise missile, called martyr Abu Mahdi, has a range of over 1,000 km.
  • Soleimani, head of Iran’s elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed in January in a U.S. strike on their convoy in Baghdad airport.

Extra Shots:

Iran (Capital/Currency): Tehran/ Iranian rial

  • President: Hassan Rouhani

RANKS AND INDICES

India ranked 57th in Digital Quality of Life Index 2020, Denmark tops

  • India ranks among the lowest in the world in terms of Internet quality, according to a global research released by online privacy solutions provider SurfShark.
  • In a global index on digital quality of life in 85 countries, India ranked 9th on the internet affordability indicator, and 15th on e-government.
  • Overall, India ranked 57th on the Digital Quality of Life Index 2020.
  • Scandinavian countries Denmark and Sweden topped the index, with Canada rounding up the top three.

AGREEMENTS AND MOU SIGNED

Ministry of Tourism signed MoU with TAAI and FLO to promote tourism as sustainable livelihood model

  • The Union Minister of State for Tourism (IC), Shri Prahlad Singh Patel, a formal Memorandum of Understanding (MOU) was virtually signed today by the Travel Agents Association of India (TAAI) and FICCI Ladies Organisation (FLO) with the Ministry of Tourism for women empowerment.

Highlights:

  • The MoU gives us an opportunity to increase participation of women in the tourism sector.
  • It will make them an integral part of the tourism workforce of the country.
  • The MoU provision will create awareness, along with state tourism departments and state tourism corporations.

Uttar Pradesh Govt Inks Deal with Israel for Bundelkhand water crisis solution

  • The Government of Uttar Pradesh has signed a ‘plan of cooperation’ with the Government of Israel for the management of water resources in Bundelkhand region of the state, which faces potable water shortage in summers.
  • The plan of cooperation for the ‘India –Israel – Bundelkhand Water Project’ was signed by the Israeli ambassador to India, Ron Malka, and UP’s Agriculture Production Commissioner Alok Sinha on 20 August, the day on which ‘India Day’ is celebrated in Israel.
  • The agreement has been signed for a period of two years and will be extended later.
  • The Bundelkhand Water Project comprises of three key components – water conservation, water efficient transportation and advanced water practices for agriculture.
  • Under this project 28 districts across the country, including two in Uttar Pradesh, have been selected.
  • In the first phase, 25 villages in Babina block of Jhansi district had been selected.
  • The project will provide farmers of the Bundelkhand region with latest farming technologies, including drip irrigation.
  • The water reservoir of Pahuj dam in Jhansi will be enabled with integrated drip irrigation.

Extra Shots:

Uttar Pradesh:

  • Statehood Day: January 26, 1950
  • Capital: Lucknow
  • Chief Minister: Yogi Adityanath
  • Governor: Anandiben Patel
  • Literacy Rate: 67.68%
  • Nation Park: Dudhwa National Park

IIT Roorkee signs MoU with BIS to work on standardisation and conformity assessment activities

  • The Indian Institute of Technology (IIT) Roorkee has inked a memorandum of understanding (MoU) with the Bureau of Indian Standards (BIS) to carry out activities in the field of standardisation and conformity assessment.
  • As part of the collaboration, both bodies will work on civil, electrical, mechanical, chemical, earthquake engineering, development and management of water resources and renewable energy projects, infrastructure development, medical biotechnology and nanotechnology, and biomaterials, among others.

Atal Innovation Mission partners with India-Sweden Healthcare Innovation Centre to expand startup ecosystem

  • Atal Innovation Mission (AIM), NITI Aayog and Business Sweden on behalf of India Sweden Healthcare Innovation Centre are collaborating to promote the disruptive potential of Indian entrepreneurs, and boost the vibrant start-up ecosystem across the country.
  • A virtual Statement of Intent (SoI) was signed between AIM and India-Sweden Healthcare Innovation Centre in New Delhi.
  • The Innovation Centre aims to create an ecosystem of open innovation and is built under strategic guidance from Government of India’s Ministry of Health and Family Welfare, Indian Council of Medical Research (ICMR), Government of Sweden’s Ministry of Health and Social Affairs and Embassy of Sweden in India.

IIM Kozhikode signs MoU with Switzerland-based HELP Logistics

  • A Memorandum of Understanding (MoU) has been signed by the Indian Institute of Management Kozhikode (IIM-K) with the Switzerland-based HELP Logistics.
  • The partnership between the two entities seeks to produce humanitarian logistics in India and the region by offering consulting services as well as logistics training for the humanitarian community such as United Nations bodies, government institutions and non-governmental organisations.

APPOINTMENTS IN NEWS

Rajiv Kumar appointed new Election Commissioner

  • Rajiv Kumar was appointed as the new Election Commissioner by President Ram Nath Kovind on August 21, 2020.
  • The former finance secretary will be replacing Ashok Lavasa, who resigned earlier this week.
  • Rajiv Kumar’s appointment to the post will take effect on August 31, the day Lavasa leaves his office.

Extra Shots:

Election Commission of India

  • Formed: 25 January 1950
  • Objectives: Constitutional Autonomous Body conducts the elections to the offices of the President and Vice-President of India,Parliament,State Legislative assemblies and Legislative councils
  • Jurisdiction: Government of India
  • Headquarters: New Delhi
  • First executive: Sukumar Sen

Ashwani Bhatia appointed MD of State Bank of India

  • The government has appointed Ashwani Bhatia as the next managing director of India’s largest public sector bank State Bank of India (SBI).
  • Bhatia is currently serving as the managing director (MD) and CEO of SBI Mutual Fund, and had been tipped to be a front runner for his new post through the selection process.

Extra Shots:

SBI

  • Chairperson: Rajnish Kumar
  • Headquarters: Mumbai
  • Founded: 1 July 1955

SPORTS CURRENT AFFAIRS

National Sports Awards 2020 announced

  • The Ministry of Youth Affairs and Sports announced the National Sports Awards 2020.

RAJIV GANDHI KHEL RATNA AWARD

  • Shri Rohit Sharma – Cricket
  • Shri Mariyappan T. – Para Athletics
  • Manika Batra – Table Tennis
  • Vinesh – Wrestling
  • Rani – Hockey

DRONACHARYA AWARD

  1. A) Life- Time Category
  • Shri Dharmendra Tiwary – Archery
  • Shri Purushotham Rai – Athletics
  • Shri Shiv Singh – Boxing
  • Shri Romesh Pathania – Hockey
  • Shri Krishan Kumar Hooda – Kabaddi
  • Shri Vijay Bhalchandra Munishwar – Para Powerlifting
  • Shri Naresh Kumar – Tennis
  • Shri Om Parkash Dahiya – Wrestling
  1. B) Regular Category
  • Shri Jude Felix Sebastian – Hockey
  • Shri Yogesh Malviya – Mallakhamb
  • Shri Jaspal Rana – Shooting
  • Shri Kuldeep Kumar Handoo – Wushu
  • Shri Gaurav Khanna – Para Badminton

ARJUNA AWARD

  • Shri Atanu Das – Archery
  • Dutee Chand – Athletics
  • Shri Satwik Sairaj Rankireddy – Badminton
  • Shri Chirag Chandrasekhar Shetty – Badminton
  • Shri Vishesh Bhriguvanshi – Basketball
  • Subedar Manish Kaushik – Boxing
  • Lovlina Borgohain – Boxing
  • Shri Ishant Sharma – Cricket
  • Deepti Sharma – Cricket
  • Shri Sawant Ajay Anant -Equestrian
  • Shri Sandesh Jhingan – Football
  • Aditi Ashok – Golf
  • Shri Akashdeep Singh – Hockey
  • Deepika – Hockey
  • Shri Deepak – Kabaddi
  • Shri Kale Sarika Sudhakar – Kho Kho
  • Shri Dattu Baban Bhokanal – Rowing
  • Manu Bhaker – Shooting
  • Shri Saurabh Chaudhary – Shooting
  • Madhurika Suhas Patkar – Table Tennis
  • Shri Divij Sharan – Tennis
  • Shri Shiva Keshavan – Winter Sports
  • Divya Kakran – Wrestling
  • Shri Rahul Aware – Wrestling
  • Shri Suyash Narayan Jadhav – Para Swimming
  • Shri Sandeep – Para Athletics
  • Shri Manish Narwal – Para Shooting

DHYAN CHAND AWARD

  • Shri Kuldip Singh Bhullar – Athletics
  • Jincy Philips – Athletics
  • Shri Pradeep Shrikrishna Gandhe – Badminton
  • Trupti Murgunde – Badminton
  • N. Usha – Boxing
  • Shri Lakha Singh – Boxing
  • Shri Sukhvinder Singh Sandhu – Football
  • Shri Ajit Singh – Hockey
  • Shri Manpreet Singh -Kabaddi
  • Shri J. Ranjith Kumar – Para Athletics
  • Shri Satyaprakash Tiwari – Para Badminton
  • Shri Manjeet Singh – Rowing
  • Late Shri Sachin Nag -Swimming
  • Shri Nandan P Bal – Tennis
  • Shri Netarpal Hooda – Wrestling

TENZING NORGAY NATIONAL ADVENTURE AWARDS 2019

  • Anita Devi – Land Adventure
  • Sarfraz Singh – Land Adventure
  • Shri Taka Tamut – Land Adventure
  • Shri Narender Singh – Land Adventure
  • Shri Keval Hiren Kakka – Land Adventure
  • Shri Satendra Singh – Water Adventure
  • Shri Gajanand Yadava – Air Adventure
  • Late Shri Magan Bissa – Life Time Achievement

MAULANA ABUL KALAM AZAD (MAKA) TROPHY

  • Panjab University, Chandigarh

RASHTRIYA KHEL PROTSAHAN PURUSKAR

  • Identification and Nurturing of Budding and Young Talent – 1. Lakshya Institute, 2. Army Sports Institute
  • Encouragement to sports through Corporate Social Responsibility – Oil and Natural Gas Corporation (ONGC) Ltd.
  • Employment of sportspersons and sports welfare measures – Air Force Sports Control Board
  • Sports for Development – International Institute of Sports Management (IISM)

Ronnie O’Sullivan wins World Snooker Championship 2020

  • Ronnie O’Sullivan defeated Kyren Wilson with a score of 18-8 to win the World Snooker Championship 2020.
  • He has claimed his sixth World Championship title at Sheffield’s Crucible Theatre.
  • Witch his victory, Ronnie O’Sullivan has also become the oldest winner of World Snooker Championship since Reardon, who was 45 in 1978.

SCIENCE & TECHNOLOGY CURRENT AFFAIRS

Scientists convert tamarind waste and cotton waste to supercapacitor

  • Scientists at the International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI), under Department of Science and Technology (DST), Government of India, have developed a cost-effective electrode material for making affordable supercapacitor devices, from waste biomass like tamarind seeds and industrial cotton waste.
  • With this discovery, tamarind seeds and cotton waste may soon be used to make low-cost supercapacitors for energy storage.
  • The scientists have used waste biomass to develop materials for making cost-effective supercapacitor devices.

WEB PORTALS & APPS IN NEWS

Tata Steel launches FerroHaat App for Sourcing Steel Scrap

  • Steel Recycling Business, a division of Tata Steel, has launched FerroHaat, a first-of-its-kind mobile application, to source steel scrap from the traders.
  • The new app is a major step by the company to organise India’s scrap market while also providing a reliable source of scrap metal for the steel Industry.
  • The FerroHaat App is a LIVE 24×7 market place to sell scrap.
  • It is user friendly and hosts different sections like Bazaar for business transactions, Khaata for a snapshot of the supplier’s account, Samachaar for vital market information and Abhaar for recognition and appreciation initiatives.

BOOKS & AUTHORS

Sudha Murty announces new collection of short stories ‘Grandparents’ Bag of Stories’

  • On the 70th birthday of award-winning author Sudha Murty, publishing house Penguin Random House India announced her latest collection of short stories, Grandparents’ Bag of Stories.
  • The book, scheduled to be released in November, is a sequel to Murty’s last release Grandma’s Bag of Stories and will feature 20 stories.

Book titled ‘India Tomorrow: Conversations with the Next Generation of Political Leaders’, released

  • The book titled “India Tomorrow: Conversations with the Next Generation of Political Leaders”, has been released recently.
  • It is written by academicians Pradeep Chhibber and Harsh Shah and published by Oxford University Press (OUP)
  • The book, which includes interviews of politicians below 50 years likes of Rahul Gandhi, Smriti Zubin Irani, Varun Gandhi, Omar Abdullah and Akhilesh Yadav, among others.
  • It is written by academicians Pradeep Chhibber and Harsh Shah.

OBITUARY

Uttar Pradesh BJP MLA Janmejai Singh passes away

  • In Uttar Pradesh, Bharatiya Janata Party sitting MLA Janmejai Singh from Deoria Sadar seat died of heart attack in Lucknow last night. He was 75.
  • Singh, who was first elected to the House in a by-election in 2000, was again elected in the 2012 and 2017 state polls.

DMK Veteran and Former Minister A Rahman Khan passes away

  • Former Tamil Nadu cabinet minister and senior DMK leader A Rahman Khan passed away. Rahman, 77, was undergoing treatment in a private hospital in Chennai.
  • Rahman was a five-time MLA and secured a hattrick victory from the Chepauk constituency, in 1977, 1980, and 1984.
  • He successfully contested from Poonga Nagar in 1989 and from Ramanathapuram in 1996.

MISCELLANEOUS

DIAT develops “Pavitrapati” ayurvedic biodegradable face mask and Anti-Microbial body suit named “Aushada Tara”

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