Current Affairs 16 September 2020

We are here for you to provide the important Recent and Latest Current Affairs 16 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 20 Current Affairs of 16 September 2020

NATIONAL AFFAIRS

eSanjeevani and eSanjeevani OPD implemented by 23 states: Ministry of Health Department

i.The Central Government has shown its efforts in giving a digital push in the health sector by initiating two types of telemedicine services viz. Doctor-to-Doctor (eSanjeevani) and Patient-to-Doctor (eSanjeevani OPD) Tele-consultations in 2019.  Since then the tele-consultation by ‘eSanjeevani’ has been implemented by 23 states (which covers 75% of the population) and other states are in the process of rolling it out.
ii.The Doctor-to-Doctor (eSanjeevani) is being implemented under the Ayushman Bharat Health and Wellness Centre (AB-HWCs) programme. 
iii.In June 2020, a Memorandum of Understanding (MoU) was signed by Directorate General of Training (DGT) with IBM in June 2020 for Free Digital Learning Platform “Skills Build Reignite” to reach more Job Seekers and provide new resources to Business Owners in India.
<<Read Full News>>

PM Modi Inaugurates & Lays Foundation Stone for seven projects in Bihar

On September 15, 2020 Prime Minister Narendra Modi inaugurated & Laid Foundation Stone for Seven Projects related to Urban Infrastructure in the state of Bihar through video conference. The total cost of the projects is Rs 541 Crores.
Out of the 7 projects, 4 are related to water supply, two for Sewerage treatment and 1 for Riverfront Development. 
The projects will be implemented by Bihar Urban Infrastructure Development Corporation (BUIDCO), under Urban Development and Housing Department of Bihar. 
About Bihar:
Capital – Patna
National Park – Valmiki National Park
<<Read Full News>>

INTERNATIONAL AFFAIRS

India, Afghanistan become Members of UN’s Commission on Status of Women

On September 14, 2020, India & Afghanistan were elected as Members of the United Nations (UN) Commission on Status of Women, a body of the Economic and Social Council (ECOSOC). The Commission on the Status of Women is a UN organ promoting gender equality and the empowerment of women.India (38 votes) and Afghanistan (39) won the ballot among the 54 members, India’s Permanent Representative to the UN, T S Tirumurti announced the election of India to the Committee. 
i.India will be a member of the UN’s Commission on Status of Women for four years from 2021-2025.
ii.India & Afghanistan will now join Argentina, Austria, Dominican Republic, Israel, Latvia, Nigeria, Turkey and Zambia which were elected by acclamation (a form of election that does not use ballot) in the Commission on Status of Women. 
About United Nations Commission on Status of Women (CSW or UNCSW):
Executive Director – Phumzile Mlambo-Ngcuka (South Africa)
Headquarters – New York, United States
Chair of UNCSW – Mher Margaryan (Armenia)
<<Read Full News>>

Global Spending Needs 500 years to Match COVID-19 Rout: GPMB report

i.In accordance with the 2nd Global Preparedness Monitoring Board (GPMB) report titled “A World in Disorder” released on September 14, 2020, the world will take 500 years to spend on preparing for pandemics due to the loss driven by the novel coronavirus disease (COVID-19).
ii.The report called for responsible leadership, engaged citizenship, strong and agile systems for health security, sustained investment and robust global governance for preparedness in order to prevent the next pandemic.
iii.As per the report the cost of COVID-19 is over US$ 11 trillion to fund the response resulting in future loss of US$ 10 trillion in earnings.
iv.GPMB calls for seven urgent actions to prepare the world for health emergencies.
About Global Preparedness Monitoring Board (GPMB):
It is an independent monitoring and accountability body to ensure preparedness for global health crises. It is led by its co-chairs, Dr Gro Harlem Brundtland, former Prime Minister of Norway and former WHO Director-General, and Elhadj As Sy, Chair of the Kofi Annan Foundation Board

• It has 12 members including Professor Krishnaswamy VijayRaghavan, Principal Scientific Advisor to the Government of India.

<<Read Full News>>

BANKING & FINANCE

RBI Mandate Banks to Fully Automate NPA Recognition Process by June 30, 2021

i.In August 2011, the Reserve Bank of India (RBI) issued circular advising banks to switch to automatic identification of non-performing assets (NPAs), using appropriate IT (information technology) systems, from manual identification for regulatory reporting and bank’s own management information system (MIS) requirements. However, over this period of time, the processes for NPA identification, income recognition, provisioning and generation of related returns in many banks are not yet fully automated. 
ii.Concerning this, on September 14, 2020, RBI issued a notification mandating banks to complete the automation of bad-loan recognition and provisioning processes by June 30, 2021. In case of non-compliance, suitable supervisory action would be initiated against the concerned 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)
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SBI General Insurance and YES Bank Signed Corporate Agency Agreement 

On September 14, 2020  SBI General Insurance Company Ltd(inshort- SBI General Insurance) and YES Bank signed a corporate agency agreement to distribute the products of SBI General Insurance to the customers of YES bank across India(28 states and 8 Union Territories)
The signed agreement was exchanged between Rajan Pental, Global Head- Retail Banking of  YES Bank and Amar Joshi, Chief Business Officer of SBI General Insurance.
Key Info
i.This partnership offers customers a wide range of non-life insurance products and services and deploys technology across the customer value chain to facilitate superior experiences for them.
ii.The unique branch and digital banking capabilities of YES Bank together with the brand strength and innovative product suite of SBI General Insurance will boost the customer value proposition of YES Bank.
Note
Inorder to reinforce SBI General Insurance distribution track across the country it has being associating with banks, payment apps, eCommerce players, brokers etc., 
About SBI General Insurance Co Ltd:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Prakash Chandra(P.C.) Kandpal
About YES Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Prashant Kumar 
Tagline– Experience our Expertise

ECONOMY & BUSINESS

India’s GDP to Contract by 9% & Developing Asia by 0.7% in FY2020 amid COVID-19 : ADB

i.In accordance with the “Asian Development Outlook (ADO) 2020 Update-September 2020” by Asian Development Bank (ADB), India’s GDP (gross domestic product) growth will contract 9% in FY2020-2021 due to COVID-19 induced slowed economic activity. On the other hand it forecasted a strong recovery with GDP to grow by 8% in FY2021-22 as mobility and business activities resume more widely.
ii.ADB also predicted that inflation is expected to fall in the remainder of FY2020 to 4.5% with rising food prices and decreased economic activity, and then further decline to 4% in FY2021. 
iii.Developing Asia’s GDP is expected to contract by 0.7% from earlier estimate of 0.1% in 2020 and is projected to grow by 6.8% in 2021.
About Asian Development Bank (ADB):
Headquarters– Mandaluyong, Philippines
Membership– 68 countries
President– Masatsugu Asakawa
<<Read Full News>>

AWARDS & RECOGNITIONS        

Aditya Puri MD of HDFC Bank Honoured with Euromoney’s Lifetime Achievement Award 2020

On 10th September 2020, Euromoney, the global finance and banking magazine’s Awards for Excellence 2020 honoured Aditya Puri, Managing Director(MD) of HDFC Bank with a Lifetime Achievement Award 2020. This is a first of its kind recognition for a corporate leader from India.

• The award is conferred upon him to recognise his skills in building a world class Indian bank and his contribution in creating a trustworthy brand.

About Euromoney’s Awards of Excellence:
i.This first of its kind awards were established in 1992 to recognise banks and bankers
ii.The regional and country Awards of Excellence 2020 were published on 15th July 2020 and the Global Awards were announced on 10th September 2020.
About Aditya Puri:
i.Aditya Puri served as the Chief Executive Officer of Citibank Malaysia from 1992 to 1994.
ii.He joined HDFC bank as its Managing Director and serving since 1994.
iii.He is an Associate Member of the Institute of Chartered Accountants of India.
iv.He will retire from his post as the MD of HDFC bank on 26th October 2020 and Sashidhar Jagadishan will succeed him as the next MD & CEO.

APPOINTMENTS & RESIGNATIONS          

Rajesh Khullar Appointed as Executive Director of World Bank & Sameer Kumar Khare as Executive Director of ADB

i.On September 14, 2020  The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi approved the appointment of Rajesh Khullar as the Executive Director of  World Bank and Sameer Kumar Khare as Executive Director of Asian Development Bank (ADB).

• Rajesh Khullar(IAS) is presently serving as the principal secretary to Haryana Chief Minister Manohar Lal Khattar.
• Sameer Kumar Khare(IAS) is presently serving as an Additional Secretary in the Department of Economic Affairs in the Ministry of Finance.

ii.ADB has appointed Takeo Konishi as its new country director for India. He succeeds Kenichi Yokoyama who has taken over as director general of the South Asia department of ADB. 
iii.Currently, India is the  4th largest shareholder and largest borrower of ADB since 2010.
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
Members– 68 Countries
<<Read Full News>>

Indian Cricketer Virat Kohli Becomes Brand Ambassador of Great Learning

Great Learning, an ed-tech company for professional and higher education, has appointed Virat Kohli, Indian cricket team captain as its brand ambassador. Virat Kohli will lead ‘Power Ahead’ campaign, the latest one of the brand. Great Learning will launch a multi-film campaign with Virat Kohli during the upcoming Dream 11 IPL, where the brand is an associate sponsor on Disney + Hotstar. 
Note
‘Power Ahead’ campaign highlights the importance of lifelong learning and shows how high-quality learning at the right time can help professionals and students advance in their career.
Key Info about Virat Kohli
i.In March 2020 Virat Kohli was named as the brand ambassador of iQOO (i Quest On and On). iQOO is a sub-brand of Vivo in China and has entered India as a separate entity & also part of the BBK group.
ii.He is the only cricketer and the only Indian to feature in the Forbes’ Top 100 highest paid athletes of 2020. He ranked 66 with Forbes Magazine estimated earnings of around 26 million USD (24 million from endorsements and 2 million from salary/winnings).
iii.He also topped in Forbes(2019) India’s most powerful celebrities. 
About Great Learning
Founder and CEO– Mohan Lakhamraju

Sachin Tendulkar Becomes Brand Ambassador of Paytm First Games

i.Paytm First Games (PFG), a subsidiary of digital financial service platform Paytm, has roped in legendary cricketer Sachin Tendulkar of India as its brand Ambassador.  
ii.Sachin Tendulkar will create awareness about the genre of fantasy sports (sporting events played virtually) in India and will also promote and generate excitement around all sports including kabaddi, football, and basketball.
About Paytm:
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar
<<Read Full News>>

SCIENCE & TECHNOLOGY

Astronomers Discovered Possible Signs of Microbial Life on Venus Clouds

On 14th September 2020, a team of scientists announced the discovery of Phosphine, a rare molecule which provides a possibility of microbial life in the clouds of the Venus.
Professor Jane Greaves, Cardiff University, United Kingdom was the lead author of a report published in Nature Astronomy
About the Discovery:
i.The researchers team detected the Phosphine in the atmosphere of Venus using the James Clerk Maxwell Telescope (JCMT) in Hawaii, United States of America.
ii.Later the team was awarded time to follow their discovery with the 45 telescopes of the Atacama Large Millimeter/submillimeter Array (ALMA) in Chile.
iii.Using this both facilities the Venus was observed at a wavelength of about 1 millimeter.
iv.According to the research, the existence of phosphine molecule (Hydrogen and Phosphorus) could indicate the presence of extraterrestrial life 
Speculations:
i.Professor Hideo Sagawa of Kyoto Sangyo University found that the phosphine in the Venus atmosphere is only about 20 molecules in every billion.
ii.The terrestrial organisms need to work about only 10 % of their maximum productivity to create the quantity of phosphine observed on Venus.
Note:
i.The lander experiment by the Soviet Vega 2 mission in 1985 is the only other study of Phosphorus on Venus.
ii.India’s Ambassador to Madagascar and Comoros and poet Abhay Kumar wrote an anthem on the planet Venus titled “An Ode to Venus” in May 2020 in Madagascar amid COVID-19 pandemic.

China Successfully launches 9 satellites into Orbit by Sea Launch

On September 15, 2020, China Successfully launched a solid-propellant carrier rocket from a ship in the Yellow Sea, China. It sent 9 satellites into the planned Orbit, and is the Second such Sea-based Launch Mission. 
i.The 9 satellites belonged to the Jilin-1 Gaofen 03-1 group, and were launched using Long March 11-HY2(China’s first sea-launched rocket), the 10th member of the Long March 11 family.  It was the 346th Launch using the Long March Rocket Series.
ii.The Satellites have been developed by Chang Guang Satellite Technology Company Ltd.
iii.Taiyuan Satellite Launch Center conducted the Mission.
About China:
President – Xi Jinping
Capital – Beijing
Currency – Renminbi
<<Read Full News>>

IMPORTANT DAYS

National Engineers Day 2020 – September 15

i.National Engineers Day is annually celebrated across India on 15th September to pay tribute to India’s legendary dam builder and eminent engineer, Bharat Ratna Sir MV Mokshagundam Visvesvaraya, who was born on 15th September 1861 in Muddenahalli, Karnataka.
ii.The Engineer’s day was first observed in 1967 and 15th September 2020 marks the 53rd National Engineers Day.
iii.MV Mokshagundam Visvesvaraya was the 19th Diwan of Mysore from 1912 to 1918 during which he founded the Mysore Soap Factory, Bangalore Agricultural University and State Bank of Mysore. He was known as the “Father of Modern Mysore”.
<<Read Full News>>

International Day of Democracy – September 15, 2020

i.The International Day of Democracy is observed around the world annually on 15th of September, since 2007. The day is observed around the world to promote and uphold democratic principles, to respect human rights, inclusiveness, accountability, and transparency. 
ii.It was established through a resolution passed by the United Nations (UN) General Assembly in 2007, encouraging governments to strengthen and consolidate democracy.
About United Nations General Assembly:
President – Tijjani Muhammad-Bande (Nigeria)
Headquarters – New York, United States of America (USA)
<<Read Full News>>

STATE NEWS

Government of India increases Scholarship amount under “Pragati and Saksham” Scheme for J&K Students

The Government of India announced an increase in Scholarship amount for the students of Jammu & Kashmir (J&K) under the ‘Pragati’ and ‘Saksham’ Scholarship Schemes. The amount has been raised from Rs. 5, 000 Per Annum to Rs. 50, 000 Per Annum from the Current Academic Year (2020-21).
i.The Ministry of Education (formerly known as Union Ministry of Human Resource Development) launched the schemes. It is being implemented and offered by All India Council for Technical Education (AICTE) to provide financial assistance for advancement of girls and supporting specially abled students for Technical Education. 
ii.Pragati & Saksham will provide scholarship to students studying within J&K.
About Jammu & Kashmir (J&K):
Capital – Jammu (Winter), Srinagar (Summer)
Lieutenant Governor – Manoj Sinha
<<Read Full News>>

Rajasthan Govt Signs MoU with SIDBI to Develop Its MSME Ecosystem 

i.On 11th September 2020, The Government of Rajasthan signed a Memorandum of Understanding(MoU) with the Small Industries Development Bank of India (SIDBI) to develop its micro, small and medium enterprises (MSMEs) ecosystem.
ii.Archana Singh on behalf of the Department of Industries and General Manager Balbir Singh on behalf of Sidbi signed the MoU.
iii.Under this MoU the Department of Industries of Rajasthan and SIDBI will work together to provide financial, technical, marketing and export support to the MSMEs in the state.
About SIDBI:
Managing Director– Mohammad Mustafa
Headquarters– Lucknow, Uttar Pradesh
About Rajasthan:
Chief Minister-Ashok Gehlot (12th CM of Rajasthan)
Governor– Kalraj Mishra
Capital– Jaipur
<<Read Full News>>

J&K Horticulture Department Launches “Backyard Horticulture” Programme in Jammu district

On September 15, 2020 The Horticulture Department of  Jammu & Kashmir (J&K) launched “Backyard Horticulture” Programme under CAPEX (Capital Expenditure) scheme at Panchyat Jaswan in Marh Block of Jammu district. 
The main aim of the programme is to promote organic fruit production for home consumption and for fulfilling individual requirements.
About Jammu & Kashmir:
Major Rivers of J & K – Jhelum, Indus, Shyok, Chenab, Kishan Ganga, Tawi, Tsarap, Yapola, Zanskar, Ravi. 
Stadium – Sher-i-Kashmir Stadium (Cricket)
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EDF Group, I2EN and VJTI Signed MoU to set up ‘Centre of Excellence’ in Civil Nuclear Space in Maharashtra

On September 14, 2020 In order to conduct a pre-feasibility study to set up a centre of excellence in the civil nuclear sector in Maharashtra, Electricite de France (EDF), International Institute of Nuclear Energy (I2EN) and Veermata Jijabai Technological Institute (VJTI) has signed Memorandum of Understanding(MoU).
About Electricite de France (EDF):
Chairman and CEO– Jean-Bernard Lévy
Headquarters– Paris, France
About Veermata Jijabai Technological Institute (VJTI):
Director– Dr. Dhiren Patel
Headquarters– Mumbai, Maharashtra
<<Read Full News>>

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