Current Affairs 13 & 14 September 2020

We are here for you to provide the important Recent and Latest Current Affairs 13 & 14 September 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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Top 25 Current Affairs of 13 & 14 September 2020

NATIONAL AFFAIRS

Gujarat, Andaman & Nicobar Emerge as Best State/UT in providing Strong Ecosystem for Startups: DPIIT ranking

On September 11, 2020 Department for Promotion of Industry and Internal Trade (DPIIT) released the 2nd Edition of ‘States on Support to Startup Ecosystems 2019′. The Rankings are based on providing a Strong Ecosystem for promoting Startups. 
i.Gujarat emerged as the best performer among Category X (All States and New Delhi, barring North Eastern (N. E) States & other Union Territories (U. T))
ii.Andaman and Nicobar Islands emerged as best performer among Category Y (All N.E states except Assam and all UTs except Delhi). Gujarat topped the rankings in the 2018 edition of Ranking also. 
iii.The Rankings were released by Union Minister for Commerce and Industry, Piyush Goyal and a total of 22 states and 3 UTs participated in the exercise.

About DPIIT:-
Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry.
Secretary  – Guruprasad Mohapatra.

<<Read Full News>>

Ministry of Education Organises Two-day Conclave on ‘School Education in 21st Century’

The Ministry of Education organised a two-day conclave on the topic ‘School Education in the 21st Century’ under the Shikshak Parv Initiative on 10th & 11th September, 2020.  
Participants of the Conclave:
Expert Practitioners held discussions in the two days’ conclave to give clear explanations on important themes of NEP for school education. Suggestions received on MyGov will also be shared in the conclave.   National Awardee teachers and other creative teachers will be a part of this conclave.

During the conclave, discussions were held on six major topics by experts of New Education Policy (NEP). The topics discussed during the conclave include:

•      Subject of ‘Foundational Literacy and Numeracy’
•      Subject ‘Art Integrated and Toy Integrated Pedagogy’
•      Subject of ‘Promotion of Indian Languages’
•      Subject of ‘Early Childhood Care and Education’
•      Subject of ‘Holistic Progress Card’
•      Subject of ‘No Hard Seperation’

About Ministry of Education (formerly known as Ministry of Human Resource Development):
Union Minister – Ramesh Pokhriyal ‘Nishank’
Headquarters – New Delhi
<<Read Full News>>

MoHUA Launched Climate Smart Cities Assessment Framework 2.0 & Streets for People Challenge

i.On September 11, 2020, Union Minister of State (MoS)- Independent Charge (I/C) Hardeep Singh Puri for Ministry of Housing and Urban Affairs (MoHUA) launched the Climate Smart Cities Assessment Framework (CSCAF) 2.0, along with the “Streets for People Challenge” in a virtual event organised by the Smart Cities Mission from New Delhi.
ii.It should be noted that the National Institute of Urban Affairs (NIUA) with support from MoHUA has established the Climate Centre for Cities (C3), now these C3 under NIUA are supporting MoHUA in implementation of CSCAF.
iii.In order to make cities more pedestrian friendly, MoHUA has initiated Streets for People Challenge to develop a unified vision of streets.
About Ministry of Housing and Urban Affairs (MoHUA):
Minister of State (Independent Charge)– Hardeep Singh Puri
Secretary– Durga Shanker Mishra
<<Read Full News>>

INTERNATIONAL AFFAIRS

74th Session of the UN General Assembly High-Level Forum on the Culture of Peace held virtually

i.On September 10, 2020, the 74th Session of the United Nations General Assembly (UNGA) High-Level Forum (HLF) on the Culture of Peace which was convened by its President Tijjani Muhammad-Bande and addressed by UN Secretary-General Antonio Guterres on the theme “The Culture of Peace: Change our world for the better in the age of Covid-19”. 
ii.The event was also addressed by ambassadors of a large number of Member States and High Representatives of several UN entities where Indian side was represented by Counsellor in the Permanent Mission of India to the UN Paulomi Tripathi.
iii.Apart from above mentioned main event, a side event titled “Education, Covid-19 and the Culture of Peace” was also organized by the renowned US Think Tank the International Peace Institute (IPI).
About UNGA:
President Elect– Volkan Bozkir
Headquarters– New York, United States of America
<<Read Full News>>

India-US 2+2 inter-sessional meet held virtually; Exchange Views on Regional Developments

i.On September 11, 2020, India-United States (US) 2+2 Inter-sessional Meeting was held virtually to discuss bilateral, regional, and multilateral issues including combating COVID-19, counter terrorism, India’s membership on the United Nations Security Council (UNSC), efforts to counteract recent destabilizing actions in South Asia, and the broader Indo-Pacific region. This Inter-sessional meeting was set up pursuant to the India-US 2+2 Ministerial Dialogue which is expected to take place later this year.
ii.The Indian delegation was led jointly by Vani Rao, Joint Secretary (Americas) in the Ministry of External Affairs, and Somnath Ghosh, Joint Secretary (International Cooperation) in the Ministry of Defence.
iii.The US side was led jointly by Dean Thompson, Senior Bureau Official, Bureau of South and Central Asian Affairs in the U.S. Department of State, and David Helvey, Acting Assistant Secretary for Indo-Pacific Security Affairs in the U.S. Department of Defense.
About United States:
Capital– Washington, D.C.
Currency– United States Dollar (USD)
President– Donald John Trump
<<Read Full News>>

MoS for External Affairs, V Muraleedharan, Participates in  27th ASEAN Regional Forum

On September 12, 2020, Minister of State (MoS) for External Affairs, V Muraleedharan participated in the online meeting of the Foreign Ministers of the Association of South East Asian Nations (ASEAN) Regional Forum (ARF) under the Chairmanship of Vietnam. During the 27th ARF meeting, the Ministers exchanged views on International and regional issues. 

• India will co-chair the ASEAN Regional forum on port securities and United Nations Convention on the Law of Sea(UNCLOS).

i.MoS Muraleedharan presented India’s perspectives on Indo-Pacific Ocean’s initiative, threat of terrorism, maritime issues and Corona Pandemic.
ii.Muraleedharan presented India’s perspectives on maritime issues in the context of the United Nations Convention on the Law of the Sea (UNCLOS).
About Association of Southeast Asian Nations (ASEAN):
2020 Chairmanship – Vietnam
Chairman – Nguyen Xuan Phuc
Secretariat – Jakarta, Indonesia
Membership – 10 States ― Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. 1 Observer – Papua New Guinea.
<<Read Full News>>

BANKING & FINANCE

RBI Lays Down Guidelines for Banks to Appoint Chief Compliance Officers: September 2020

i.In order to ensure uniformity and effective management of compliance risk in banking sector, on September 11, 2020, Reserve Bank of India (RBI) laid down guidelines for “Compliance Functions in Banks and Role of Chief Compliance Officer (CCO)” stating appointment and tenure of chief compliance officer (CCO), policy (which should be reviewed at least once a year), and reporting requirements and duties of the compliance function, among others.
ii.With regards to appointment of CCO, he/she must be a senior executive of the bank, preferably in the rank of a General Manager (GM) or an equivalent position (not below two levels from the CEO) with no vigilance case or adverse observation from the RBI should be pending against the candidate. 
iii.CCO should be appointed for a minimum fixed period of three years with age not more than 55 years.
iv.No vigilance case or adverse observation from RBI, shall be pending against the candidate identified for appointment as the CCO.
v.The CCO shall have direct reporting lines to the MD & CEO and/or Board/ Audit Committee of the Board (ACB) of the bank.
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).
<<Read Full News>>

SEBI Modified Multi-Cap Mutual Funds Category

i.On September 10, 2020, the Securities and Exchange Board of India (SEBI) publicized a partially modified portfolio structure for multi-cap mutual funds category through a circular stating minimum investment in equity & equity related instruments and definition of large-cap, mid-cap and small-cap.
ii.With regard to this, Asset Management Company (AMC) will now have to invest at least 25% of their portfolios across large-cap, mid cap and small cap companies each. This decision has been taken for decreasing the risk of being overweight on any one kind of market-cap firm.
About Securities and Exchange Board of India (SEBI):
Headquarter– Mumbai, Maharashtra
Chairman– Ajay Tyagi
<<Read Full News>>

ADB, Suguna Foods Signed USD 15 Million Deal to Sustain Rural Livelihoods in India On September 11, 2020 In order to help sustain poultry farming operations, rural livelihoods and food security in India during the COVID-19 pandemic, Asian Development Bank (ADB) has signed an agreement for USD($) 15 million debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna), one of India’s largest poultry broiler enterprises, in equivalent Indian rupees. 
Key People
Mr. Christopher Thieme,  Deputy Director General at ADB’s Private Sector Operations Department and  G.B. Sundararajan,Managing Director of Suguna Foods Private Limited signed the agreement
Note- The assistance of ADB comprises a 2-year amortizing senior secured nonconvertible debentures, in three tranches.
About the Assistance
i.The transaction coincides with efforts of Indian Govt to reinforce the agriculture sector and improve farmers’ incomes by filling in gaps in agricultural supply chains.
ii.It aligns with the National Action Plan for Egg and Poultry and with the $20 billion response package of ADB to COVID-19.
Benefits of ADB’s Assistance to Suguna
i.ADB’s assistance will provide Suguna, essential liquidity support for its operations during the pandemic.
ii.It will help the company to sustain production and ensure a continued supply of poultry and build inventory buffers and make timely payments to contract farmers and feed suppliers
iii.It will also encourage the local lenders in order to  support the business and help attract other medium- and long-term capital and international partners.
Additional Info
Suguna was affected by the nationwide lockdown, which employs 7,700 employees and partners. It also supports more than 40,000 contract broiler farmers, including many women, and 200,000 corn and soybean farmers.
About Asian Development Bank (ADB):
HeadQuarters– Metro Manila, Philippines(officially the Republic of the Philippines)
President and Chairperson of ADB’s Board of Director– Masatsugu Asakawa
About Suguna Foods Private Limited (Suguna)
Managing Director(MD)–  G.B. Sundararajan
Headquarters– Coimbatore, TamilNadu

ECONOMY & BUSINESS

India’s GDP to Contract by 8.0 – 8.2% in FY 21: CARE

On September 11, 2020, The latest report for revised GDP forecast FY 21 by CARE Ratings Limited-CARE ( formerly Credit Analysis and Research Limited) projected India’s GDP (Gross Domestic Product) to contract by 8.0 – 8.2%(-8.0% to -8.2%) in FY 21. Earlier in July, 2020 the rating agency had projected that India’s GDP will contract by 6.4% (-6.4%) in FY21.
The report also forecasted that Gross Value Added (GVA) growth in FY21 will be -7.7% 
Key Info
The fall in GDP growth by around 8% will be associated with a decline in the gross fixed capital formation. The fall will also be responsible for consumption growth, which will be affected by lower growth in income across all categories of consumers.
Highlights of the Report
Sector
i.Agriculture and allied activities will be growing at 3.8% with both the rabi and  kharif output being normal.
ii.Industrial growth (GVA) will be mostly negative: mining(-9.4%), manufacturing (-11.7%) and electricity (-1.3%).
Note
i.CARE for its forecast has made an assumption that there will be no new expenditure outside the Budgetary numbers for this year. 
ii.As indicated by the Purchasing Managers’ Index(PMI) there will be improvement on a month-on-month basis, however the same will display as negative growth numbers on a year-on-year basis.
About CARE Ratings Limited
Headquarters– Mumbai, Maharashtra
Managing Director (MD) & Chief Executive Officer (CEO)– Ajay Mahajan 

HCL Partnered with NVIDIA Partner Network to Pursue Opportunities in AI Space; HCL to launch NEXT.ai, AI Lab

On September 11, 2020 In order to pursue expanded opportunities in the Artificial Intelligence (AI) space, HCL Technologies Ltd (HCL), a  leading global technology company, has partnered with NVIDIA Partner Network (NPN),the US-based technology company’s partner program. HCL  to launch NEXT.ai, HCL’s AI Lab, which focuses on upskilling engineers and architects, using  AI solutions across hardware and software technology stacks.
NEXT.ai  is powered by two NVIDIA DGX-1 systems, which enables accelerated delivery of AI solutions.
About NEXT.ai lab
i.For next-generation technologies, it serves as a learning center and for transformational business solutions as an incubation zone.
ii.It focuses on developing technologies to develop AI solutions that are  industry-specific for customers who pursue digital transformation
iii.It is equipped with the latest technology products and infrastructure from its partner ecosystem.
iv.Proofs of concept and  full-fledged, scalable and production-ready solutions in the lab  can be co-created by customers and partners.
v.Areas of focus include computer vision, predictive modeling and failure analysis among others.
About HCL Technologies Ltd (HCL)
HeadQuarters– Noida, Uttar Pradesh
Chairperson– Roshni Nadar Malhotra
President & CEO– C Vijayakumar

Moody’s Projected 11.5% Contraction in India’s Economic Growth in FY21

On September 11, 2020, Ratings agency Moody’s projected a contraction of 11.5% in India’s economic growth in FY20-21 amid COVID-19 in comparison to (-) 4% estimated earlier. On the other hand, the agency predicted a rebound in India’s economic growth to 10.6% in the next fiscal year (FY22) on a strong base in comparison to 8.7% earlier.

• Notably, India’s gross domestic product (GDP) contracted by 23.9% in April-June (Q1FY21)  and some agencies have predicted negative growth even during the July-September (Q2FY21) quarter of the FY21.
• This sharp decline will result in weaker government revenue. In this regard, the government’s fiscal deficit is expected to reach 12 % of GDP in fiscal 2020 while general government debt to hit 90.1% of GDP in FY21.

India’s growth Predictions by other rating agencies in FY21:
-Goldman Sachs projected at -14.8% 
-Nomura revised its forecast to -10.8%
-Fitch slashed its GDP forecast for FY21 to -10.5%
-India Ratings and Research projected an 11.8% contraction
-Morgan Stanley projected a contraction of 5%
About Moody:
President & Chief Executive Officer (CEO)– Raymond W. McDaniel, Jr.
Headquarters– New York, New York, United States (US)

Liberty General Partnered with SpiceJet to Offer ‘Liberty Secure Travel’ an Insurance Policy; Offers New Zero Cancellation Service

On September 11, 2020 Liberty General Insurance Ltd. (Liberty) has partnered with SpiceJet to offer ‘Liberty Secure Travel’ an Insurance Policy to consumers who book tickets through the airline’s website and mobile site. 
The new Zero Cancellation service of Liberty offered under the policy enables the passengers to cancel the tickets and claim 100%(full) reimbursement of the cancellation charges if the customers are unable to fly due to any unavoidable circumstances. This is applicable across the domestic network of SpiceJet.
Key Info
i.Customers to avail the offering should pay an additional nominal fee and add the insurance cover while booking the flight ticket
ii.Only for a flight booking which is made in advance not beyond 90 days, the passengers with Zero Cancellation insurance can claim full cancellation fee reimbursement.
iii.Sum insured on cancellation of ticket is Rs 5000
iv.Premium per passenger on an airline booking varies anywhere between Rs 399, for advance bookings of minimum 7 days to Rs 643 for a maximum of 30-90 days.
About Liberty General Insurance Ltd.
Headquarters– Mumbai, Maharashtra
CEO and Whole Time Director– Roopam Asthana 
About SpiceJet
HeadQuarters– Gurgaon, Haryana
Chairman & Managing Director– Ajay Singh

APPOINTMENTS & RESIGNATIONS          

President Ram Nath Kovind appoints Paresh Rawal as Chairman of NSD

On 10th September 2020, On the recommendation of the Ministry of Culture, Ram Nath Kovind, President of India appointed Paresh Rawal, actor and former Member of Parliament as the Chairman of National School of Drama(NSD) for the next years, he succeeded Ratan Thiyam, Playwright and theatre Director who served as the chairman of NSD from 2013 to 2017 after which the post was vacant until now.
About Paresh Rawal:
Career in Film and Theatres:
i.Paresh Rawal started his career in the entertainment industry in 1982 with the movie Naseeb Ni Balihari(Gujarati).
ii.Rawal’s productions like Krishan vs Kanhaiyaa and Dear Father are popular among the theater audiences.
iii.His popular works include Hera Pheri, Bhagwaan Dada, Naam, OMG- Oh My God, King Uncle, Sanju and Uri: The Surgical Strike.
Political career:
Paresh Rawal, member of Bharatiya Janata Party (BJP), won the 2014 Lok Sabha election in the Ahmedabad East constituency.
Awards:
i.He won the National Award for best supporting Actor in 1994 for his performance in the films Sir and Woh Chokri.
ii.He received the Padma Shri Award in 2014.

Government constitutes EGoM to oversee Corporatisation of Ordnance Factory Board

On September 11, 2020 Government of India constituted an Empowered Group of Ministers (EGoM) under the chairmanship of Union Minister for Defence, Rajnath Singh to oversee the Corporatisation of Ordnance Factory Board (OFB). 
Ministers in EGoM:
The Ministers in EGoM includes Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Minister for Law and Justice Ravi Shankar Prasad, Minister of State for Labour and Employment Santosh Kumar Gangwar and Minister of State for Personnel, Public Grievance and Pension Jitendra Singh.
About Ordnance Factory Board(OFB):
Director General, chairman – C S Vishwakarma
Headquarters – Kolkata  
<<Read Full News>>

ACQUISITIONS & MERGERS        

CCI Approved 20% acquisition of Piramal Pharma Limited by CA Clover Intermediate II Investments

The Competition Commission of India (CCI) has approved the proposed acquisition of 20% issued and paid-up equity share capital(in short- stake) of Piramal Pharma Limited (in short- Piramal Pharma), wholly owned subsidiary of Piramal Enterprises Limited (PEL) by CA Clover Intermediate II Investments (Curie), an affiliated entity of CAP V Mauritius Limited.
Curie is a special purpose acquisition vehicle, which is owned and controlled by investment funds advised by the affiliates of the Carlyle Group Inc. (Carlyle Group).

• PEL in June had stated that Carlyle Group Inc will buy a 20% stake in Piramal Pharma for around $490 million (over Rs 3,700 crore).

Proposed Acquisition
i.The proposed acquisition is to happen in 2 steps as follows:

• PEL will transfer global pharmaceutical business (Transferred Business) to Piramal Pharma, a wholly owned subsidiary of PEL.
• 20% stake of Piramal Pharma to be acquired by Cuire.

ii.Pharmaceutical business of PEL comprises the following namely, the Contract Development and Manufacturing Organisation (CDMO), Complex Hospital Generics (CHG), and Consumer Healthcare Division (CHD)segments, 
iii.In addition to the PEL’s pharma business Piramala phara will also acquire equity interest in certain PEL entities.
Key Info:
The Carlyle Group is a global alternative asset manager, which manages funds invested globally across four investment disciplines, namely: Corporate Private Equity, Real Assets, Global Credit and Solutions.
About Piramal Enterprises Limited (PEL):
HeadQuarters– Mumbai, Maharashtra
CEO of Piramal Global Pharma & Piramal Enterprises Ltd. – Peter DeYoung 
About Carlyle Group Inc. (Carlyle Group):
Co-Chief Executive Officer– Kewsong Lee, Glenn Youngkin

IMPORTANT DAYS

15th National Forest Martyr day 2020: September 11

i.National Forest Martyrs Day is observed annually on September 11 in India to pay tribute to those who have sacrificed their lives in order to protect the environment, forests and wildlife across the country. 
ii.September 11 was chosen to commemorate the Khejarli massacre, which took place on September 11 in 1730. 
iii.September 11, 2020 marks the 15th National Forest Martyr Day.
iv.For the 1st time, the Minister of Environment, Forest and Climate Change(MoEFCC) observance of the day was made at the national level.
<<Read Full News>>

International Day of South-South Cooperation 2020 – September 12

i.United Nations(UN) International Day of South-South Cooperation Day or United Nations Day of South-South Cooperation is annually observed on 12th September since 2011 to create and spread awareness on the social, economic and political developments made by the regions and countries in the south and to highlight the efforts of UN on the technical cooperation among the south countries (developing countries).

• United Nations Day for South-South Cooperation will host a virtual high-level event 2 days prior to the observance and ahead of the celebration of the 75th anniversary of the United Nations.

ii.India UN Development Partnership Fund, managed by the United Nations Office for South-South Cooperation promised 850000 USD (around Rs.6.25 crore) to support the new initiative to create a climate disaster risk financing framework for the country ,Fiji.
iii.United Nations Office for South-South Cooperation (UNOSSC) and China-Africa Development Fund(CADFund) launched the South-South in Action report titled “China-Africa Development Fund: Promoting the Sustainable Development of Africa through South-South Investment” developed by UNOSSC and CADFund.
About United Nations Office for South-South Cooperation (UNOSSC):
Director– Jorge Chediek
Headquarters– New York, United States of America
<<Read Full News>>

World First Aid Day 2020 – September 12

i.World First Aid Day is annually observed on the 2nd Saturday of September across the world to promote the importance of first aid training in saving lives and preventing injuries and to create awareness among the general public that first aid saves lives.
ii.World First Aid Day 2020 falls on 12th September 2020.
iii.The International Federation of Red Cross and Red Crescent Societies(IFRC) established the World First Aid day in 2000
About International Federation of Red Cross and Red Crescent Societies(IFRC):
Secretary General– Jagan Chapagain
Headquarters– Geneva, Switzerland
<<Read Full News>>

STATE NEWS

Odisha Signed MoU with NCDC to Promote Farmer Producer Organisations

i.On 12th September 2020, Government of Odisha signed a Memorandum of Understanding (MoU) with National Cooperative Development Corporation (NCDC) to promote and manage the farmer producer organisations with the central sector scheme.
ii.Under the central scheme, National Centre for Cold-chain Development (NCCD) will form Farmer Producer Organisations(FPOs) and provide training and guidance to the small and marginal farmers of Odisha to tackle the huddles in production, quality etc.
About National Cooperative Development Corporation (NCDC):
Managing Director– Sundeep Kumar Nayak
Headquarters– New Delhi
About Odisha:
Chief Minister– Naveen Patnaik (serving his 5th term as the chief Minister of Odisha)
Stadium– Kalinga Stadium (outdoor -Hockey), Barabati Stadium (outdoor- Cricket), East Coast Railway Stadium(outdoor -Cricket), Jawaharlal Nehru Indoor Stadium, Railway Indoor Stadium.
<<Read Full News>>

Odisha Government Launches “GARIMA” Social Security Scheme for Sanitary Workers

i.On September 11, 2020 Chief Minister of Odisha, Naveen Patnaik launched a first-of-its-kind statewide scheme called “GARIMA” to ensure the safety and dignity of core sanitation workers of the state. He dedicated the scheme to Mahatma Gandhi.
ii.It will be implemented by Housing & Urban Development (H&UD) Department through 114 Urban Local Bodies (ULBs) of Odisha and an Initial Fund of Rs. 50 Crore will be allocated for implementation of the scheme.
iii.The Ministry of Housing and Urban Development department, Odisha has signed a Memorandum of Understanding (MoU) with not-for-profit organisation Urban Management Centre for providing the technical support to implement the scheme.
About Odisha:
Capital – Bhubaneswar
Governor – Ganeshi Lal
<<Read Full News>>

J&K Governor Announces Universal Health Insurance Scheme for All Residents of UT

On September 12, 2020, Jammu & Kashmir (J&K) Governor, Manoj Sinha announced Universal Health Insurance Coverage Scheme for all residents of the Union Territory at an annual expenditure of Rs 123 Crores. The scheme will have the same benefits as the Ayushman Bharat Scheme.
i.Through the scheme which is the first of its kind in the country, beneficiaries can avail cashless treatment at all hospitals under the Ayushman Bharat Scheme across the country. The Governor invited suggestions from the public for naming of the J&K Health Scheme.
ii.It will provide health insurance cover free of cost to all those residents of Jammu and Kashmir, who are presently not covered under AB-PMJAY or Ayushman Bharat Pradhan Mantri Jan Arogya Yojana.
About Jammu & Kashmir:
Nickname – Switzerland of India
Hydro Projects – Ratle Hydroelectric project (River Chenab), Kiru hydro-electric project (River Chenab), Pakal Dul (Drangdhuran) Hydroelectric Project (River Marusudar), Kishanganga Power station (River Kishanganga), Dulhasti power station (River Chenab), Salal power station (River Chenab), Uri hydroelectric plant (River Jhelum).
<<Read Full News>>

Andhra Pradesh CM YS Jaganmohan Reddy Launched ‘YSR Aasara’ scheme for Women Empowerment

i.On September 11, 2020 As a step to empower women economically and socially, YS Jaganmohan Reddy, Chief Minister of Andhra Pradesh(AP), launched  ‘YSR Aasara’ scheme. 
ii.Under the scheme, AP government will reimburse outstanding bank loans of women Self-Help Groups (SHG) as on April 11, 2019 into their accounts directly in four phases. YSR Aasara is a part of the Navaratna welfare schemes.
About Andhra Pradesh(AP):
Airport– Visakhapatnam International airport, Vijayawada International Airport,Tirupati International Airport
Festivals – Ugadi, Makar Sankranti, Lumbini festival
<<Read Full News>>

AC GAZE

Reliance Industries became the first Indian company to hit $200 billion m-cap

Reliance Industries became the first Indian company to hit $200 billion market capitalization with an approximate value of $200.8 billion Tata Consultancy Services (TCS) is a distant second with market cap of Rs 8.75 trillion, or USD 119 billion. Mukesh Ambani-led Reliance Industries Limited (RIL) also becomes World’s 40th Most Valuable Company.

PM Modi holds ‘Svanidhi Samvaad’ with Madhya Pradesh’s street vendors

Prime Minister Narendra Modi addressed street vendors from Madhya Pradesh via video conferencing through ‘SVANidhi Samvaad’. PM SVANidhi scheme was launched on June 1, 2020, to help poor street vendors, impacted by coronavirus, to resume livelihood activities. More than 1 lakh street vendors in Madhya Pradesh have registered under the Scheme in just 2 months. Over 90% of loans under the scheme are sanctioned by Public Sector Banks. Under the scheme, street vendors of urban areas get collateral-free loan of up to Rs 10,000 for a period of one year.

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