Current Affairs 30 October 2020

We are here for you to provide the important Recent and Latest Current Affairs 30 October 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 30 October 2020

NATIONAL AFFAIRS

NITI Aayog, QCI Launched NPMPF to Transform Infrastructure Sector in India; Electricity Access in India Report also Released

i.On October 28, 2020, NITI (National Institution for Transforming India) Aayog and Quality Council of India (QCI) launched the ‘National Program and Project Management Policy Framework (NPMPF)’ to transform the infrastructure sector in India.
ii.It was launched by Union Minister for Road Transport and Highways and Micro, Small and Medium Enterprises Nitin Jairam Gadkari along with Union Minister Piyush Goyal, NITI Aayog CEO Amitabh Kant, and QCI Chairman Adil Zainulbhai.
iii.Nitin Gadkari also unveiled the Indian Infrastructure Body of Knowledge (InBoK), a book on the practice of program and project management in India.
iv.NITI Aayog, Ministry of Power, Rockefeller Foundation, and Smart Power India launched the “Electricity Access in India- Benchmarking Distribution Utilities” Report aiming at capturing insights from both the demand (electricity customers) as well as supply side (electricity distribution utilities).
About Smart Power India:
Chief Executive Officer (CEO)– Jaideep Mukherji
Headquarter– Gurugram, Haryana
About The Rockefeller Foundation:
President– Dr. Rajiv J. Shah
Headquarter– New York, United States (US)
<<Read Full News>>

Indian Army Launches Software for Infrastructure Management & Secure Application for Internet (SAI)

On 29th October, 2020, Indian army launched a software named ‘Infrastructure Management System (IMS)’ for automation of functions related to infrastructure development and management for ascertaining availability of land, planning and monitoring of works, and environment conservation.
The software was inaugurated by Chief of Army Staff (COAS) General Manoj Mukund Naravane during the Army Commanders Conference held on 28th October 2020.
Army Launches Secure Application for Internet (SAI):
Indian Army has developed a simple and secure messaging application named “Secure Application for Internet (SAI)” for providing end to end encryption messaging protocol over the internet.
About Indian Army:
Chief of Army Staff – General MM Naravane
Headquarters – New Delhi
<<Read Full News>>

INTERNATIONAL AFFAIRS

India Hosts 19th Meeting of SCO Ministers for Foreign Economy and Foreign Trade Activities

On October 28, 2020, India hosted the 19th Meeting of Shanghai Cooperation Organisation (SCO) Ministers of Foreign Economy and Foreign Trade virtually.
Participants in the meeting:
i.Union Minister of Commerce and Industry, Piyush Goyal, Minister of State (MoS) for Commerce and Industry, Hardeep Singh Puri participated in the Meeting.
ii.It was also attended by Secretary General of SCO and Ministers from, Kyrgyz Republic, Kazakhstan, Pakistan, Russia, Tajikistan and Uzbekistan.
About Shanghai Cooperation Organisation (SCO):
Secretary General – Vladimir Norov
Headquarters – Beijing, China
<<Read Full News>>

European Commission, ICSSR Signed Implementing Arrangement to Enhance Scientific Cooperation

i.On October 28, 2020, the European Commission and the Indian Council of Social Science Research (ICSSR) signed a new implementing arrangement to enhance scientific cooperation. It was virtually signed by an Ambassador of the European Union to India, Ugo Astuto, and the Member Secretary of the Indian Council of Social Science Research (ICSSR), Virendra Kumar Malhotra.
ii.This arrangement will encourage top Indian social scientists (Principal Investigators of Research Projects, Senior Fellowship Awardees and Post-Doctoral Fellows) who are supported by the ICSSR and want to pursue research collaborations with European researchers, supported by the European Research Council (ERC).
About Indian Council of Social Science Research (ICSSR):
Chairman– Prof. Bhushan Patwardhan
Headquarter– New Delhi
<<Read Full News>>

India extends USD 1 Billion Line of Credit for Development projects in Central Asia

India has extended USD 1 Billion (~ INR  7, 350 Crores) Line of Credit for Development Projects in Central Asian Countries. The announcement was made by India during the Second Meeting of the India-Central Asia Dialogue held virtually on 28th October, 2020.
The virtual Meeting was chaired by External Affairs Minister, S Jaishankar.
i.India has provided the Line of Credit for priority Developmental Projects in fields such as connectivity, energy, Information Technology (IT), Healthcare, education, Agriculture etc.
ii.India has offered to provide grant assistance for implementation of High Impact Community Development Projects (HICDP) for furthering socio-economic development in countries of the Central Asian Region.
About Tajikistan:
Capital – Dushanbe
Currency – Tajikistani Somoni
About Turkmenistan:
Capital – Ashgabat
Currency – Turkmenistan Manat
<<Read Full News>>

Finance Minister Nirmala Sitharaman Participated in 10th Round of Ministerial UK-India Economic and Financial Dialogue

i.On October 28, 2020, the 10th Round of Ministerial the United Kingdom (UK)-India Economic and Financial Dialogue (EFD) was held virtually where India was represented by Union Minister Nirmala Sitharaman, Ministry of Corporate Affairs (MCA) and Ministry of Finance and UK delegation was led by Chancellor of Exchequer, Rishi Sunak.
ii.Indian Delegation included representatives from Ministry of Finance, Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) while UK representatives were from Her Majesty’s Treasury, Bank of England and Financial Conduct Authority (FCA).
iii.Alongside the EFD, Rishi Sunak addressed industry leaders at the UK-India Investing for Growth Forum hosted virtually by the City of London Corporation and the Federation of Indian Chambers of Commerce and Industry (FICCI).

• India, UK ink pacts on financial services, infra, sustainable finance
• UK and India announced a joint investment of £8 million for tackle COVID 19

About United Kingdom (UK):
Prime Minister (PM)– Alexander Boris de Pfeffel Johnson
Capital– London
<<Read Full News>>

BANKING & FINANCE

NTPC inked Loan Agreement with JBIC for JPY 50bn under GREEN initiative; SBI inked for $1bn

i.On October 28, 2020, NTPC (formerly known as National Thermal Power Corporation Limited) Limited signed foreign currency loan agreement with Japanese Government’s financial institution, Japan Bank for International Co-operation (JBIC) for JPY (Japanese Yen) 50 billion (approx. USD 482 million or Rs. 3,582 crore) under its Global Action for Reconciling Economic growth and Environment preservation (GREEN) initiative.
ii.It should be noted that this is the first funding for NTPC Ltd under JBIC’s GREEN .
iii.The loan agreement was signed by Anil Kumar Gautam, Director (Finance), NTPC and Masayuki Tanimoto, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group, JBIC through video conferencing.
iv.Apart from NTPC, State Bank of India (SBI) also signed a loan agreement of $1 billion with JBIC under which the latter will provide funds for the manufacturers, suppliers and dealers of Japanese automakers in India.
About NTPC Limited:
Chairman & Managing Director (CMD)– Gurdeep Singh
Headquarter– New Delhi
Parent Ministry– Ministry of Power
Japan Bank for International Co-operation (JBIC):
Governor– Tadashi Maeda
Headquarter– Tokyo, Japan
<<Read Full News>>

IndusInd Bank Becomes the 1st bank in India to Go Live on RBI’s Account Aggregator Framework

i.On October 29, 2020 IndusInd Bank announced that it has gone live as a Financial Information Provider (FIP) under the new Account Aggregator(AA) Framework of the Reserve Bank of India (RBI). IndusInd Bank becomes the 1st bank in India to do so.
ii.The bank went live as FIP with DigiSahamati  Foundation, a self-organised Collective of the Account Aggregator ecosystem.
About IndusInd Bank:
Managing Director(MD)& Chief Executive Officer(CEO)– Sumant Kathpalia
Established– 1994
HeadOffice– Mumbai, Maharashtra
Tagline-We Make You Feel Richer
<<Read Full News>>

ICICI Lombard in Partnership with FreePaycard Partners Launched Group Safeguard Insurance

i.On October 28, 2020 ICICI Lombard General Insurance Co. Ltd. in partnership with FreePaycard Retail Pvt.Ltd, an online pre-paid card trading platform launched Group Safeguard Insurance for the members of FreePaycard.
ii.The customized hospitalization product comes in 3 variants namely, Hospital Daily Cash Benefit, Death Benefit, and Special Vector-borne Disease-related Hospitalization Benefit.
About ICICI Lombard General Insurance Co. Ltd:
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Bhargav Dasgupta
Established– 2001
About FreePaycard Retail Pvt.Ltd:
HeadOffice– Gurgaon, Haryana
MD & CEO– Richard Andrew
<<Read Full News>>

PNB Launched Tracking & Monitoring Staff Accountability Cases (TMSAC) Portal & 2020 Vigilance Manual 

i.On 28th October 2020, Punjab National Bank (PNB), India’s 2nd largest public sector bank launched the PNB Tracking & Monitoring Staff Accountability Cases (TMSAC) portal and PNB’s 2020 Vigilance Manual, as a part of the Vigilance Awareness Week(VAW) – 27th October 2020 to 2nd November 2020.
ii.The TMSAC portal tracks and monitors the complaints/Non-Performing Asset (NPA) reference at various stages on a real-time basis.
iii.PNB’s 2020 Vigilance Manual will provide a better understanding of vigilance functions and guidelines.
About Punjab National Bank (PNB):
MD & CEO-  CH S.S. Mallikarjuna Rao
Headquarters- New Delhi
Founded- May 19,1894
Tagline– The name you can bank upon
<<Read Full News>>

ECONOMY & BUSINESS

IOCL Partners with IBM for Digital Services

On October 29, 2020 Indian Oil Corporation Limited(IOCL) and International Business Machines Corporation(IBM) entered into partnership to transform the customer’s experience of IOCL. Under this partnership, IBM developed IndianOil One mobile app & portal which will be used by about 130 million consumers covered by about 12,400 IOCL distributors.
Key Info
i.The IndianOil One mobile app & portal are part of IndianOil’s Project ePIC(Electronic Platform for IndianOil customers),  a digital transformation project.
ii.This project is an integrated platform for Customer Relationship Management (CRM) and Distribution Management System (DMS).
iii.It is managed by IBM globally.This platform ensures real-time updates to inventory, orders, and invoices, thereby reducing the time to order fulfillment. Indian Oil can respond more quickly to customer service requests, including grievances using the platform.
About International Business Machines Corporation(IBM):
Chief Executive Officer(CEO)– Arvind Krishna
HeadQuarters– Armonk, New York, United States of America(USA)
About Indian Oil Corporation Limited(IOCL):
HeadQuarters– New Delhi, India
Chairman– Shrikant Madhav Vaidya

AWARDS & RECOGNITIONS        

DBS Named Asia’s Safest Bank for 12th Consecutive Year: Global Finance’s Safest Banks 2020

Global Finance, New York based trade publication released the list of World’s 50 Safest Banks 2020 which named DBS Bank, Singapore as the Safest Bank in Asia for the 12th consecutive year. DBS secured the 4th rank as the safest commercial bank in the world and 14th safest bank globally from 2019 and 2018.

• Due to COVID-19 pandemic situation the Global Finance conducted a virtual award ceremony of the 2020 World’s Safest Banks on 19th October 2020.

Top 3 World’s Safest Bank & Asia’s Safest Bank 2020:

• Global Finance has named State Bank of India(SBI) as the Safest Bank in India.

Click here to know more on Global Finance’s Safest Bank 2020
Feats of DBS Bank:
i.DBS Bank has also won the Global Finance’s Best Bank in the World 2020 which marks the 3rd consecutive year for DBS Bank to be honoured with the World’s Best Bank award.
ii.DBS bank was also named the World’s Best Bank 2019 by Euromoney, a leading financial publication and Global Bank of the Year 2018 by Financial Times Publication.
Note:
DBS Bank has recently launched a new brand campaign on the importance of safety featuring Sachin Tendulkar as its brand ambassador.
About Global Finance:
Editor in Chief & Chairman- Paolo Panerai
Publisher & President– Joseph D. Giarraputo
Headquarters– New York, United States of America

Late Actor Om Puri Honoured with Lifetime Achievement Award at 3rd IIFFB 2020

At the 3rd India International Film Festival of Boston (IIFFB) 2020 based in Boston, United States of America(USA) held as a virtual event from 16th to 18th October 2020, the Lifetime Achievement Award 2020 was accorded to Late Actor Om Puri which was received by his wife Nadita Puri.

• Chef Vikas Khanna was honoured with “Pride of India” a special award at the 3rd IIFFB 2020.

About Om Puri:
Om Puri was an acclaimed actor who worked with directors like Satyajit Ray, Shyam Benegal, Govind Nihalni and Mrinal Sen and he has also worked with various Hollywood directors like Roland Joffe, Mike Nichols, Lasse Halstrom etc.,
Awards:
i.He received the Order of the British Empire (OBE) award from Queen Elizabeth II for his contribution to British Film and television industry.
ii.He received the Padma Shri Award in 1990 for his contribution to Arts.
iii.He also received the Soviet Land Nehru, The Karlovy Vary and 2 National Awards (1982 for Arohan and 1983 for Ardh Satya).
IIFFB 2002:
i.IIFFB 2020, the 3-day festival featured events including personalities like Luke Mendes, Brahmanand Singh, Sushant Singh, Danish Renzu, Tanuja Chandra, Saleel Shriniwas Kulkarni, Mikhil Musale and Swanand Kirkire.
ii.Various discussions on topics on drug use, mafia, Bollywood as judged by the media and Indian cinema’s future in Covid era were conducted.
Other Awards of IIFFB 2020:

ACQUISITIONS & MERGERS        

RBI Gives Approval to Maple II B.V., to Acquire 5-9.99% Stake in RBL bank

On October 28, 2020 RBI(Reserve Bank of India) has given approval to Maple II B.V.,(affiliated to Baring Private Equity Asia) to acquire over 5% but up to 9.99% of the paid-up share capital of the RBL Bank Limited(formerly known as Ratnakar Bank).
Note
Maple Group was one of the investors that participated in the preferential issue of RBL Bank.
Additional Info
i.The board of RBL bank on August 20, 2020 approved to issue 8.84 crore equity shares on a preferential basis at Rs 177 each, aggregating to Rs 1566 crore.
ii.The bank also mentioned that it will issue 5.64 crore shares to Maple II B.V., 1.86 crore shares to ICICI Prudential Life, 48.90 lakh shares to CDC Group, 4.23 lakh shares to Gaja Trustee Company and 80.50 lakh shares to Gaja Capital Fund II.
About RBL Bank Ltd:
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– Vishwavir Ahuja
Established– 1943

OBITUARY

Keshubhai Savdas Patel Former CM of Gujarat Passed Away at 92

On 29th October 2020, Keshubhai Savdas Patel, former Chief Minister of Gujarat and verteran leader of Bharatiya Janata Party (BJP) and founder of Gujarat Parivartan Party(GPP) passed away at the age of 92 at a hospital in Ahmedabad, Gujarat. He was born in 1928 in Visavadar, Junagadh, Gujarat.
He was tested positive for coronavirus in September 2020.
About Keshubhai Savdas Patel:
i.Keshubhai Savdas Patel served as the Chief Minister of Gujarat for 2 terms (1995 and 1998 to 2001) as a member of BJP elected from the Visavadar constituency.
ii.He served as the Member of Legislative Assembly of the state for 6 terms.
iii.His political party named “Gujarat Parivartan Party” (formed in 2012) was later merged with BJP in 2014.
iv.He resigned from the post of President of GPP in January 2014 and also resigned as the member of Gujarat Legislative Assembly in February 2014.

IMPORTANT DAYS

International Internet Day 2020 – October 29

i.The International Internet Day has been annually celebrated on 29th October since 2005 to mark the anniversary of the first internet transmission on 29th October 1969. The day aims to celebrate the people who supported to build the internet and provide a chance to reflect on the changes brought by the internet.
ii.The Internet which is defined as the remote connection of two computers was achieved on 29th October 1969.
iii.Leonard Kleinrock, Charley Kline and Bill Duvall played the key role on the first internet connection.
<<Read Full News>>

World Stroke Day 2020: October 29 

i.World Stroke Day is annually observed on October 29 to raise awareness about stroke prevention, treatment and recovery. The day highlights the seriousness of strokes and the need to ensure better care and support for survivors.
ii.The theme of the World Stroke Day 2020 webinar is ‘Get Ready to join the Movement’. iii.The central idea for the World Stroke Day 2020 campaign is Join the Movement with the hashtag ‘1 in 4’.
About World Stroke Organization (WSO):
President– Professor Michael Brainin, Austria
Headquarter – Geneva, Switzerland
<<Read Full News>>

STATE NEWS

Telangana CM Chandrasekhar Rao Launches ‘Dharani’ Portal for Land & Property Registrations

On October 29, 2020, Telangana Chief Minister, K Chandrasekhar Rao launched ‘Dharani’ Portal for Land & Property Registrations at Mudu Chintalapalli village of Medchal-Malkajgiri district, Telangana.
i.The portal is a one-of-its-kind integrated Land Record Management System.
ii.The Portal has been developed by Telangana State Technology Services (TSTS).
About Telangana:
Festivals – Bathukamma, Bonalu, Nagoba Jaatara, Chittaramma Jathara
Folk Dances – Perini Sivatandavam, Burra Katha
<<Read Full News>>

AC GAZE

Base Year of Consumer Price Index for Industrial Workers revised from 2001 to 2016

The Labour and Employment Ministry has revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016 to reflect the changing consumption pattern. It gives more weightage to spending on health, education, recreation and other miscellaneous expenses, while reducing the weightage given to food and beverages.  CPI-IW index is used to measure inflation in retail prices, for regulation of Dearness Allowance (DA) of government employees and industrial workers, and for fixing and revising minimum wages in scheduled employments.

Arunachal Pradesh Government, SAI sign MoU for Development of Sports Infrastructure at NCoE

Sports Department, Government of Arunachal Pradesh & Sports Authority of India (SAI) signed a Memorandum of Understanding (MoU) virtually for development of Infrastructure at the National Centre of Excellence (NCoE) in Itanagar.  NCoE has facilities for Wushu, Weightlifting and Boxing.

M. Venkaiah Naidu, VP of India Launched a Coffee Table Book and Rating Systems 

On October 29, 2020 M. Venkaiah Naidu, Vice President of India on the occasion of inaugurating the Confederation of Indian Industry(CII)’s Green Building Congress 2020 through virtual mode, launched a coffee table book and Rating systems on Healthcare, Logistics and Net Zero Water. He mentioned that buildings and construction account for 39% of the world’s energy related CO2(Carbon dioxide) emissions. 2020 marks the 125th anniversary of CII.

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