Current Affairs 3 September 2020

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Top 20 Current Affairs of 3 September 2020

NATIONAL AFFAIRS

Union Power Minister RK Singh Launches Green Term Ahead Market (GTAM)

i.On September 1, 2020,Minister of State (MoS) (Independent Charge) for Power and New & Renewable Energy Raj Kumar Singh launched the Pan-India Green Term Ahead Market (GTAM) for electricity. 
ii.GTAM is the World’s first Exclusive Product Market for the renewable energy sector.
About Ministry of New and Renewable Energy (MNRE)
Minister of State (MoS) IC – Raj Kumar Singh
Headquarters – New Delhi
<<Read Full News>>

NCRD Released Accidental Deaths & Suicides in India 2019 Report; Delhi recorded highest number of road accidents deaths among cities

i.On 1st September 2020, The National Crime Records Bureau(NCRB), Ministry of Home Affairs released an annual report titled “Accidental Deaths and Suicides in India(ADSI) 2019”. This is NCRB’s 53rd edition of the series which was started in 1967.
ii.The report states that around 139,123 people died by suicide and 421,104 were killed in accidents in India in 2019.
iii.The report is prepared with the data and information on deaths due to accidents and suicides which were collected by the State Crime Records Bureaux (SCRBx) from the District Crime Records Bureaux (DCRBx) and sent to the NCRB.
About NCRB:
Director– Ramphal Pawar, IPS
Headquarters– New Delhi
<<Read Full News>>

ICAI to Come Out with Forensic Accounting, Investigation Standards

The Institute of Chartered Accountants of India (ICAI) plans to come out with a detailed set of Forensic Accounting and Investigation standards by the end of December 2020. 
The move will make India the first country in the world to release a set of standards for Forensic accounting and Investigation.
About ICAI:
President – Atul Kumar Gupta
Headquarters – New Delhi
<<Read Full News>>

Ladakh & Lakshadweep Included in ‘One Nation-One Ration Card’ scheme; 26 States/UTs Connected with the Scheme

i.The Union Territories(UTs) Ladakh & Lakshadweep have been included in the  ‘One Nation-One Ration Card’ scheme on ‘Integrated Management of Public Distribution System’(IM-PDS).After the integration of these two UTs, a total 26 States /UTs Connected with the Scheme and will benefit about 65 crore people. 
ii.Union Minister of Consumer Affairs, Food & Public Distribution, Ram Vilas Paswan has recently approved the  integration of Ladakh and Lakshadweep with the scheme in a review meeting chaired by him.
About Ladakh
Lieutenant Governor– Radha Krishna Mathur
Capital–  Leh, Kargil
About Lakshadweep
Capital–  Kavaratti
Administrator– Dineshwar Sharma IPS
<<Read Full News>>

CFI is set to Host the First Ever Cycling Summit in 2021

i.Cycling Federation of India(CFI) is set to host the first ever Cycling Summit in 2021 in Delhi, Mumbai and Bengaluru.The one-day summit is designed with an aim to promote the culture of cycling and sharing of knowledge between beginner and professional cyclists. 
ii.On 1st September 2020, CFI signed a Memorandum of Understanding(MoU) for the 2021 summit with Contarctica, a marketing exploration firm.
About Cycling Federation of India(CFI):
President– Parminder Singh Dhindsa
Secretary General– Maninder Pal Singh
Headquarters– New Delhi
<<Read Full News>>

BANKING & FINANCE

Federal Bank & Innoviti Partnered to provide Affordable Options of Federal Bank Debit Cards by Innoviti POS terminals

To provide convenient and affordable options of Federal Bank Debit Cards through Innoviti Point of Sale (POS)terminals, the Federal Bank and Innoviti Payment Solutions Pvt. Ltd(Innoviti) have entered into a partnership, which will offer Equated Monthly Installments(EMIs) options to over 7.5 million Federal Bank Debit Card holders at over 70,000 Innoviti POS terminals across 1000 cities.
About Innoviti Payment Solutions Pvt. Ltd:
Registered office– Bangalore, Karnataka
Chief Executive Officer(CEO)– Rajeev Agrawal
About Federal Bank:
Headquarters– Aluva, Kerala
Managing Director(MD) & CEO– Shyam Srinivasan
Tagline – Your Perfect Banking Partner
<<Read Full News>>

ECONOMY & BUSINESS

Adani Green Energy Ltd Ranked as World’s Largest Solar Power Generation Company by Mercom Capital

On August 31, 2020, Mercom Capital ranked Adani Green Energy Ltd (AGEL) as World’s Largest Solar Power Generation Asset Owner in terms of operating, under-construction and awarded projects.
GCL New Energy (7.1 GW), a Hong Kong-listed independent solar power producer, ranked second, followed by Tokyo-based renewable energy developer, SB Energy (7 GW).
Mercom Capital Group is a clean energy communication consulting firm.
Key Points:
i.AGEL’s under-construction and awarded capacity stands at 10.1 GigaWatts (GW) and its operational capacity is nearly 3 GW.
ii.AGEL’s renewable energy portfolio stands at 12.32 GW, which exceeds the total capacity installed by the entire US solar industry in 2019. 
iii.Solar energy generation with this capacity will displace 1.4 billion tons of carbon dioxide.
iv.The key criteria for qualification were that developers should have projects in at least two countries.
v.The developers hail from all around the world, including countries like India, China, the United States, Europe, Japan and Canada.The top 10 large-scale developers account for 33 GW of operational projects worldwide.

Amul becomes 1st Indian Dairy Company to Enter Rabobank’s Global Top 20, 2020 List; Switzerland’s Nestle topped

Amul (Anand Milk Union Limited), Gujarat Cooperative Milk Marketing Federation (GCMMF) became the first Indian Dairy Company to enter Rabobank’s Annual listing of Global Dairy Top 20, 2020 Companies. Amul was ranked 16th with an annual turnover of USD 5.5 billion (approximately Rs 40,240 Crores).
Rabobank is a Dutch multinational banking and financial services company.
<<Read Full News>>

APPOINTMENTS & RESIGNATIONS          

IRDAI Set Up 6 Member Working Group Headed by Dinesh Pant to Study Index Linked Products for Life Insurance Companies

i.On 1st September 2020, Insurance Regulatory and Development Authority of India (IRDAI) formed a 6-member working group headed by Dinesh Pant to scrutinize various aspects for allowing the life insurance companies to offer index linked products.
ii.The working group of 6 members headed by Dinesh Pant, appointed actuary of LIC includes members from private insurers and IRDAI. 
iii.They will examine the index linked products that are available for sale in Indian market in terms of product structure, ease of customer understanding and administrative processes, sales volumes and any other relevant matters.
About IRDAI:
Chairman– Dr. Subhash C. Khuntia
Headquarters– Hyderabad, Telangana
<<Read Full News>>

K Padmakar, Director (HR) of BPCL took Additional Charge as CMD, as D Rajkumar Retired

K Padmakar, Director (HR) of Bharat Petroleum Corporation Limited (BPCL) has been given additional charge as Chairman and Managing Director (CMD) of BPCL until further orders by the Ministry of Petroleum and Natural Gas. He succeeds D Rajkumar who superannuated after attaining 60 years on August 31, 2020. Ramamoorthy(R)Ramachandran, director refineries also stepped down with D Rajkumar on the same day due to the same reason.
Key Info
i.K.Padmakar is the senior most among the functional directors on the board of BPCL.
ii.D Rajkumar has been CMD since 2016. He has been acclaimed as one of the top 100 “Most Influential CEOs” in the world, by the CEOWORLD Magazine. 
About BPCL:
It is the the country’s second biggest state refiner
Headquarters– Mumbai, Maharashtra

LC Goyal gets 1-year extension in his tenure as CMD of ITPO

On 31st August 2020, the Appointment Committee of the Cabinet headed by Prime Minister Narendra Modi approved the 1-year extension in the tenure of L C Goyal, as the Chairman and Managing Director (CMD) of India Trade Promotion Organisation (ITPO), the trade promotion agency of the ministry of Commerce and Industries.
Goyal will hold the position for the extended period of 1 year from 1st September 2020 till 1st September 2021.
About LC Goyal:
i.Goyal, retired Indian Administrative Service (IAS) officer of 1979 batch from Kerala Cadre served as the Union Home Secretary and sought early retirement in 2015, with 17 month remaining in his tenure.
ii.He was appointed as the CMD of ITPO in August 2015.
iii.Previously his term was extended for one year on 14th August 2017, 31st July 2018 and 22nd August 2019.

IAS Officer Usha Padhee Became the First Woman DG of Bureau of Civil Aviation Security

On 28th August 2020, Usha Padhee, Indian Administrative Service (IAS) officer of 1996 batch from Odisha Cadre became the first Women and the third IAS officer to be appointed as the Director General(DG) of Bureau of Civil Aviation Security(BCAS), a security regulator of civil aviation industry in India under the Ministry of Civil Aviation. She succeeds Rakesh Asthana(IPS) who was appointed as the Director General of Border Security Force(BSF) on 17th August 2020.
She is currently serving as the joint secretary in the Ministry of Civil Aviation and she was given additional charge as DG of BCAS until a new incumbent takes over the position. 
About Usha Padhee:
i.Usha Padhee handled the government’s flagship scheme of regional connectivity in the Ministry of Civil Aviation.
ii.The central deputation tenure of Usha is scheduled to end on 16th July 2022.
iii.Prior to her deputation to the central services, she served as the Secretary of School and Mass Education, Government of Odisha.

SCIENCE & TECHNOLOGY

IIT Guwahati Collaborates with University of Pardubice, Czech Republic for Data Protection Project

i.A Team of Researchers from Indian Institute of Technology, Guwahati have collaborated with University of Pardubice, Czech Republic to work towards developing indigenous algorithms to protect the Country’s digital data from cyber-attacks by advanced computers.
ii.The work has been published in the IEEE International Conference Radioelektronika (RADIOELEKTRONIKA).
About IIT Guwahati:
Director – T.G. Sitharam 
Location – Assam
<<Read Full News>>

SPORTS

Olympic & Giant Slalom ski Champion Viktoria Rebensburg retires at 30

On September 1, 2020, Germany’s Olympic Ski Champion Viktoria Rebensburg announced her retirement from Alpine Skiing at the age of 30. Rebensburg was a German World Cup-winning Alpine Ski Racer. 
Key points:
i.She was born on 4th October 1989 at Tegernsee, Bavaria, Germany. 
ii.Rebensburg won the World Cup Giant Slalom title in 2011, 2012 and 2018.
iii.She won the Gold Medal in 2010 Winter Olympics held at Vancouver (Canada) in Giant Slalom, a discipline in Alpine Skiing.
iv.She won the Bronze Medal at the 2014 Winter Olympics held at Sochi(Russia) in Giant Slalom.
v.She was a 2-time World Silver Medallist in Giant Slalom (2015, 2019).
vi.Rebensburg finishes her career with 19 career World Cup wins and 49 podium finishes.
She was injured in a crash during a World Cup Super-G Race in February in Garmisch-Partenkirchen, which kept her from performing at her best.

BOOKS & AUTHORS

Ramachandra Guha Authored New book ‘The Commonwealth of Cricket: A Lifelong Love Affair with the Most Subtle and Sophisticated Game Known to Humankind’

Indian writer Ramachandra Guha has authored a new book, ‘The Commonwealth of Cricket: A Lifelong Love Affair with the Most Subtle and Sophisticated Game Known to Humankind‘. The book portrays the entire arc of the game(cricket) in India, across all levels at which it is played and gives a glimpse of local heroes, provincial emblems and international stars. The book will be co-published by HarperCollins India and William Collins.
Key Info
i.Indian right of the book is acquired by Publisher Udayan Mitra, while UK and Commonwealth rights (excluding India) is acquired by  Arabella Pike, William Collins Publishing Director
ii.The book is to be released in  November, 2020.
iii.The author offers a brilliantly charming memoir and a charter of the life of cricket in India.
About Ramachandra Guha
Ramachandra Guha is currently serving as a Professor at Krea University, Andhra Pradesh. He has served as an administrator of Board of Control for Cricket in India(BCCI)
Other books authored by him includes– The Unquiet Woods, India after Gandhi, and a two-volume biography of Mahatma Gandhi.
Books on Cricket– Corner of a Foreign Field, The Picador Book of Cricket, Spin and Other Turns, Wickets in the East.

Hollywood Actor Channing Tatum is Set to Publish His First Children’s Book “The One and Only Sparkella”

On 1st September 2020, Hollywood Actor Channing Tatum (American) announced the release of his first book, a Children’s picture book titled “The One and Only Sparkella” dedicated to his daughter Everly. The book featuring the illustrations of Kim Barnes is set to be published by Feiwel & Friends on 4th May 2021.
The book portrays a young girl Ella who likes sparkly things and gets teased at school and Ella’s father who teaches her to express and love herself.

IMPORTANT DAYS

World Coconut Day 2020: September 2

World Coconut Day is observed annually on September 2 to create awareness about the importance, usage of coconut and its benefits across the world. The day is celebrated in Asian and Pacific regions to a large extent as they contain the world’s most coconut growing production centres.
Theme of World Coconut Day 2020– “Invest in Coconut to save the world”
Aim of the day 2020
To boost investments and promote the development of the coconut industry worldwide.The aim for this year’s World Coconut Day is to encourage investments and promote the development of the coconut industry.
About International Coconut Community(ICC):
ICC currently has 20 coconut producing member countries. The ICC member countries include eight Asian countries: India, Indonesia,  Malaysia, Philippines, Sri Lanka, Thailand, Vietnam and Timor Leste, nine Pacific countries: Federated States of Micronesia, Fiji, Kiribati, Marshall Islands, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu, one Caribbean country: Jamaica, one African country: Kenya and one country in South America: Guyana.
Headquarters– Jakarta, Indonesia
Executive Director– Jelfina C. Alouw
<<Read Full News>>

National Small Industry Day – August 30 2020

National Small Industry Day is observed annually on August 30 in our country.The day is observed to promote small industries across the country and recognizes the contribution made by small scale industries.
Background:
i.To acknowledge the announcement of an extensive policy package for the small-scale industry in August 30,2000, the National Small Industry Day is observed every year on the same date.
ii.On 30 August 2001, the Ministry of Small-Scale Industries organised a Convention for all SSI Entrepreneurs.
Aim:  The main reason for celebrating this day is to highlight the importance of having small scale industries and generating job opportunities for people living in both rural and urban areas. Also celebrates to provide a platform for the people who are running or working in small scale industries.

STATE NEWS

Andhra Pradesh Government Receives Nod to form Crop Insurance Firm from IRDA

On September 1, 2020, the Government of Andhra Pradesh (AP) received the nod from Insurance Regulatory and Development Authority (IRDA) to form its Crop Insurance Firm Andhra Pradesh General Insurance Company (APGIC).
Andhra Pradesh is among the few states like Bihar, West Bengal that has chosen to have their crop insurance schemes.
About Andhra Pradesh:
Chief Minister – Y. S. Jaganmohan Reddy
Lakes – Kolleru Lake, Pulicat Lake
<<Read Full News>>

Madhya Pradesh Govt Launched Cleanliness Campaign, ‘Gandagi Bharat Chhodo Madhya Pradesh’ 

i.Bhupendra Singh, Madhya Pradesh(MP) Urban Administration and Development Minister launched a 15 day campaign(August 16-30, 2020)  ‘Gandagi Bharat Chhodo Madhya Pradesh’ (Free India and Madhya Pradesh from garbage) from Sagar, MP.
ii.5 themes of the Campaign
Cleanliness Oath, Continuous reduction in urban waste emissions, Cleanliness in COVID conditions, Separation of waste from sources of houses and Launching a special cleanliness campaign for public places.
About MP:
Capital– Bhopal
National Park– Bandhavgarh National Park, Kanha National Park, Madhav National Park, Mandla Fossils National Park, Van Vihar National Park, Panna National Park Pench National Park, Sanjay National Park, Satpura National Park, Dinosaur fossil national park.
<<Read Full News>>

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