Current Affairs 5 November 2020

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Top 20 Current Affairs of 5 November 2020

NATIONAL AFFAIRS

Union Minister Harsh Vardhan releases NCAER Report on Estimation of Economic benefits of Investment in NMM & HPC

On November 3, 2020, Union Minister for Earth Science (MoES), Harsh Vardhan released the report “Estimating the Economic Benefits of Investment in National Monsoon Mission (NMM) and High-Performance Computing (HPC) Facilities” prepared by National Council of Applied Economic Research (NCAER) at a function at Prithvi Bhavan, New Delhi. The report was commissioned by MoES.
Findings:
i.The report states that for every rupee spent by Government on NMM and HPC programs of MoES, Country gains economic benefits worth Fifty rupees, which is 50 times more benefit on investment over the next Five Years Period.
ii.The report refers to economic benefits as direct monetary gains to crop farmers, livestock rearers, and fishermen in the country.
iii.With an initial investment of ~ INR 1000 crores, NMM and HPC facilities have shown a 50-fold increase in their economic benefits.
Women’s Contribution: 
26.6 % of total benefits in Economic Benefits are attributed to women’s contribution.
About National Monsoon Mission (NMM):
Director – Professor Ravi S. Nanjundiah
Location – Indian Institute of Tropical Meteorology, Pune, Maharashtra.
About National Council of Applied Economic Research (NCAER):
President – Nandan M Nilekani
Headquarters – New Delhi
<<Read Full News>>

Indian Railways ties up with Indian School of Business to improve Operational Efficiency

On November 3, 2020, Indian Railways (IR) has tied up with Indian School of Business (ISB), Hyderabad to improve its operational efficiency using digital tools such as Artificial Intelligence  (AI) and Data Analytics. Indian School of Business will analyse the data generated by the Indian Railways.
Data to be used:
i.IR will provide passengers-related data, train operations-related data, freight data and asset-related data to ISB for the analysis.
ii.After analysis, it will be used by IR in the Passenger Reservation System (PRS), introduction of new trains, and predictive asset maintenance.
Centre of Excellence:
IR is planning to set up a Centre for Excellence on AI and Data Analytics in the next 3 months.
About Indian Railways:
Chairman, Chief Executive Officer (CEO) of Indian Railway Board – Vinod Kumar Yadav
Headquarters – New Delhi
<<Read Full News>>

TRIFED Signed MoU with JD Centre of Arts to Preserve Tribal Craft Traditions Through Collaboration

i.On 30th October 2020, The Tribal Cooperative Marketing Development Federation of India (TRIFED) signed a Memorandum of Understanding (MoU) with the JD Center of Arts (JDCA) for collaboration on joint socio-cultural research work and anthropological study of tribal art and tradition in the tribal dominated regions of India.
ii.The Collaboration is aimed to preserve the arts, crafts and traditions of the tribal communities.
iii.Pravir Krishna, MD of TRIFED and Jatin Das Founder and Chairman of JD Centre of Arts signed the MoU over a virtual ceremony.
About Tribal Cooperative Marketing Development Federation of India (TRIFED):
MD– Pravir Krishna
Established in– August 1987
Headquarters– New Delhi
About JD Centre of Arts:
Founder and Chairman– Jatin Das
Headquarters– Bhubaneswar, Odisha
<<Read Full News>>

INTERNATIONAL AFFAIRS

India hosted 8th Meeting of the India-UAE High Level Joint Task Force on Investments; Co-Chaired by Piyush Goyal

i.On November 3, 2020 India hosted the 8th Meeting of the India-UAE(United Arab Emirates) High Level Joint Task Force on Investments(the Joint Task Force)  virtually due to the ongoing COVID-19 pandemic.
ii.The meeting was co-chaired by Piyush Goyal, Union Minister of Railways, Commerce & Industry and Consumer Affairs and Public Distribution, Government of India and His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi.
iii.Both countries agreed to further explore ways to facilitate investments in key sectors of India and UAE in order to strengthen the economic ties between the 2 countries.
About United Arab Emirates(UAE):
Capital– Abu Dhabi
Currency– UAE Dirham
Constituency:
Piyush Goyal– Rajya Sabha, Maharashtra
<<Read Full News>>

India & GCC Troika Held the Annual Political Dialogue in Virtual Mode

i.On 3rd November 2020, India and Gulf Cooperation Council(GCC) Troika held their annual political dialogue in Virtual mode. The leaders discussed the detailed review of India-GCC ties and highlighted the progress in ties in the past years.
ii.Dr. S. Jaishankar, Union Minister of External Affairs led the Indian delegation and the GCC was represented at the Troika level by Dr. Nayef Falah M. Al-Hajraf, Secretary General of GCC, Dr. Abdullatif bin Rashid Al Zayani, Minister of Foreign Affairs, Bahrain and Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, United Arab Emirates(UAE).
iii.External Affairs Minister (EAM) urged the members of GCC to ease the return of Indian workers and professionals through sustainable travel arrangements.
About Gulf Cooperation Council (GCC):
Gulf Cooperation Council (GCC) is a political and economic alliance of 6 countries in the Arabian Peninsula.
Secretary General– Dr. Nayef Falah M. Al-Hajraf
Members– Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates
Established in– 1981
Headquarters– Riyadh, Saudi Arabia
<<Read Full News>>

India provides NPR 1 Billion Tranche to Nepal Housing Reconstruction Project

On November 3, 2020, Indian Ambassador to Nepal, Vinay Mohan Kwatra handed over a cheque of NPR (Nepalese Rupee) 1 Billion (~ INR 62.5 Crores) to Bishnu Prasad Paudel, Finance Minister of Nepal as reimbursement of Nepal Housing Reconstruction Project.
About Nepal:
Prime Minister – K. P. Sharma Oli
Capital – Kathmandu
Currency – Nepalese Rupee (NPR)
<<Read Full News>>

1st Committee of UNGA under the chairmanship of H.E. Mr. Agustin Santos Maraver adopts Two India-sponsored Nuclear Disarmament Resolutions

On November 4, 2020, The First Committee of the United Nations General Assembly (UNGA) also known as the Disarmament and International Security Committee   adopted two India-sponsored resolutions on Nuclear Disarmament which aims to reduce risk of nuclear accidents and calls for prohibition on use of nuclear weapons.
The two adopted Resolutions are:
i.‘Convention on Prohibition of Use of Nuclear Weapons’.
ii.‘Reducing Nuclear Danger’ under ‘Nuclear Weapons’ cluster.
About 75th UNGA – First Committee:
Chairperson – H.E. Mr. Agustin Santos Maraver (Spain)
Headquarters – New York, United States
About Conference on Disarmament (CD):
CD is an Independent body, The Director-General of the United Nations Office at Geneva serves as Secretary-General of the Conference.
Director-General – Tatiana Valovaya (13th Director-General & First Woman to occupy this position)
Headquarters – Palais des Nations, Geneva, Switzerland
<<Read Full News>>

BANKING & FINANCE

NPCI Launches ‘RuPay Festive Carnival’ for RuPay users

On October 26, 2020 In order to cheer the customers in a new way this festive season, the National Payments Corporation of India (NPCI) launched, ‘RuPay Festive Carnival’, a flagship campaign for RuPay users. The RuPay users with this launch can enjoy compelling benefits and attractive discounts on products of various categories.
Aim– To encourage safe, contactless and cashless payments and offer a new way to enhance the user’s overall shopping experience.
Key Info About RuPay Festive Carnival:
i.The RuPay cardholders can avail attractive offers from categories  like health, fitness, education, e-commerce, dining and food delivery among others.
ii.They can also leverage more than 600 offers while shopping with brands of all kinds.
iii.The discounts ranging from 10-65% can be availed on the top brands like Shopper’s Stop, Samsung, P&G, Myntra, etc.,
About National Payments Corporation of India (NPCI):
Managing Director(MD) & Chief Executive Officer(CEO)– Dilip Asbe
Head Office– Mumbai, Maharashtra
Incorporated– 2008 under the provisions of the Payment and Settlement Systems Act, 2007 by Reserve Bank of India (RBI) and Indian Banks’ Association(IBA).

ADB Approves USD 132.8 Million Loan to Modernize Power Distribution Network in Meghalaya

i.On November 3, 2020 The Asian Development Bank (ADB) approved a USD 132.8 million loan to Modernize Power Distribution Network in Meghalaya.
ii.Objective– To improve power quality and upgrade the power distribution network in Meghalaya.
iii.The loan will be increased by a USD 2 million grant from the  Japan Fund for Poverty Reduction of ADB.
About Asian Development Bank (ADB):
Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa
Membership– 68 countries(Including India)
Formed- 1966
<<Read Full News>>

Visa in partnership with DigitSecure and HDFC Bank deployed World’s 1st live PCI certified Tap to Phone card Acceptance solution

i.On November 3, 2020 Visa in partnership with DigitSecure and HDFC Bank deployed the world’s 1st live PCI certified Tap to Phone card acceptance solution.
ii.Objective– To accept safe contactless card payments in seconds through an app on their Near-Field Communication(NFC)-enabled Android smartphones, without the need of any dedicated card acceptance machines.
About Visa:
Headquarters– California, United States
Chairman and CEO– Alfred F. Kelly, Jr.
About HDFC Bank:
Headquarters – Mumbai, Maharashtra
Incorporated– August 1994
Tagline– We understand your world
Managing Director(MD) and Chief Executive Officer(CEO)–  Sashidhar Jagdishan(Suceeds Aditya Puri)
<<Read Full News>>

AU Small Finance Bank Signs Agreement with Care Health Insurance Co. as Corporate Agent for Health Insurance Products 

On November 3, 2020 AU Small Finance Bank Ltd signed an agreement with Care Health Insurance Company Limited (formerly known as ‘Religare Health Insurance Company Limited’) as Corporate Agent for Health Insurance Products.

Key Info:

i.The Bank has been issued certificate of registration CA0515 under Registration of Corporate Agents – Regulations, 2015 by Insurance Regulatory and Development Authority of India (IRDAI) and Bank has entered into agreement with Care Health Insurance Company.

ii.In terms of business, market penetration and reach, this partnership will be mutually beneficial for the bank and insurance company.

About AU Small Finance Bank Ltd:
MD& CEO– Sanjay Agarwal
HeadOffice– Jaipur, Rajasthan
Founded– 1996 converted into Small Finance Bank in 2017.
Tagline– ‘Chalo Aage Badhein’
About Care Health Insurance Company Limited:
HeadQuarters– Gurgaon, Haryana
Founding Managing Director & CEO– Anuj Gulati
Established– July 2012

USAID Provides 3Million USD to COVIDActionCollab to Reduce the Effects of COVID-19 in India

i.On 4th November 2020, Catalyst Management Services (CMS), a part of Catalysts Group ideated COVID Action Collaborative (CAC – COVIDAction Collab), partnered with the United States Agency for International Development (USAID) over a virtual event to support the COVID-19 response of India.
ii.USAID has provided 3 million USD (around Rs.22 Crore) over 2 years to support the CAC (COVIDAction Collab) partnership.
iii.The USAID fund will be utilised to provide support in health, livelihood and social protection for the vulnerable communities.
About United States Agency for International Development (USAID):
Acting Administrator– John Barsa
Headquarters– Washington D.C, United States of America
<<Read Full News>>

APPOINTMENTS & RESIGNATIONS          

Dilip Rath, Chairman of NDDB Elected to the Board of International Dairy Federation

On November 2, 2020 During the General Assembly of International Dairy Federation (IDF), Dilip Rath, Chairman of National Dairy Development Board (NDDB) was unanimously elected to the Board of IDF.
Note

• He is the 2nd Indian to become part of the board of IDF.
• Dr Amrita Patel, former chairman of NDDB, had become the 1st Indian and 1st women to be elected to the board in December 2010.

About Dilip Rath:
i.For the last 10 years Dilip Rath has been associated with IDF as the Member Secretary of Indian National Committee and as a member of the Standing Committee on Dairy Policy and Economics.
ii.He played a vital role in the signing the  Dairy Declaration at the IDF World Dairy Summit in Rotterdam in October 2016 between IDF and  Food & Agriculture Organisation (FAO).
iii.He and Secretary, Animal Husbandry & Dairying, Government of India signed the Indian dairy sector’s endorsement to meet UN Sustainable Development Goals with President and Director General of International Dairy Federation in Istanbul on 22 September 2019.
Other Appointments:
Piercristiano Brazzale has been elected as the President of IDF. He takes over from Dr Judith Bryans, Chief Executive of Dairy UK.
Points to be Noted:

• India will host the 1st post COVID -19 IDF World Dairy Summit 2022 in New Delhi. Dilip Rath as the Secretary of the Indian National Committee took initiative for hosting.
• Over 1000 participants including experts, academicians, dairy professionals are expected to participate from about 55 countries.

India’s milk-production:
i.India ranks 1st among the world’s milk-producing nations and also has the largest bovine population in the world.
ii.India’s milk production has been growing at the Compounded Annual Growth Rate (CAGR) of 6.43 % as against the global CAGR of 1.53 % for the last 5 years.
About International Dairy Federation (IDF):
HeadQuarters– Brussels, Belgium
President– Piercristiano Brazzale
About National Dairy Development Board (NDDB):
Head Office– Anand, Gujarat
Chairman– Dilip Rath

John Magufuli Won 2nd Term as President of Tanzania

On 30th October 2020, President John Pombe Magufuli of the Chama Cha Mapinduzi (CCM) party won the 2nd term as the President of Tanzania with his landslide victory in the 2020 presidential election held on 28th October 2020 with 12.5 million votes i.e., 84% of the turnout vote. The swearing in ceremony of this 2nd term will be held on 5th November 2020.
About John Magufuli:
i.John Magufuli was elected as the President in 2015 and his CCM party has been in power since the independence of Tanzania from British in 1961.
ii.He introduced free education for all Tanzanians in public schools till the 4th year of secondary school.
iii.He contributed to the development in the transport sector of Tanzania like investing in creation of standard gauge railway, expansion of major highways and construction of rapid bus transit systems in Dar Es Salaam.
Result of 2020 Tanzania Presidential Election:
i.Tundu Lissu of Chadema Party, the main opposition secured 1.9 million votes
ii.Semistocles Kaijage, chairperson of the National Electoral Commission announced that only 15 million of the 29 million registered voters went to the poll.
iii.The CCM party has increased its majority in the parliament to 97% of the total 264 seats which was three quarters during the last election.
About Tanzania:
Capital– Dodoma
Currency– Tanzanian shilling

SCIENCE & TECHNOLOGY

Indian Coast Guard ship ‘C-452’, designed and built by L&T, commissioned at Ratnagiri

On November 3, 2020, Western Seaboard Commander Additional Director General (ADG), Rajan Bargotra virtually commissioned the Indian Coast Guard Ship ‘C-452’ at Ratnagiri, Maharashtra. It is the 52nd ship in the series of 54 Interceptor Boats.
i.This will be the fifth ship/boat under administrative control of ICGS Ratnagiri, and third of its type at Ratnagiri.
ii.It has been designed and Indigenously built by Larsen & Toubro (L&T) Shipyard Limited in Surat, Gujarat.
About Indian Coast Guard (ICG):
Director General of ICG (DGICG) – Krishnaswamy Natarajan
Motto-“Vayam Rakshamah” meaning “We Protect”
<<Read Full News>>

ENVIRONMENT

Archaeologists Found Evidence of Dairy Production in Indus Valley Civilisation

i.The research of archaeologist of India and Canada found evidence of dairy production in the Indus Valley Civilization. The research discovered that dairy was produced and processed by the Harappans back in 2500 BCE. The study was carried out on 59 shards of pottery from the archaeological site in Kotada Bhadli, Gujarat.
ii.The team found traces of residues that provide evidence of dairy product processing by the Harappans which shed light on the rural economy of the civilisation.
iii.Techniques like C16 and C18 analysis were used to identify the source of lipids which were preserved by the porous pots.
<<Read Full News>>

SPORTS

West Indies Cricketer Marlon Samuels announces retirement from all forms of Cricket

On November 4, 2020, West Indies Batsman Marlon Nathaniel Samuel announced retirement from all forms of Cricket at the age of 39. He is a Right-hand Batsmen and a Right-arm off break bowler.
i.He has played 71 Tests, 207 One Day Internationals (ODIs), and 67 Twenty20 Internationals (T20Is) for West Indies scoring 11, 134 international runs and has picked up 152 wickets across all formats.
ii.Samuels has played in several T20 Franchises around the world, which includes Pune Warriors, Delhi Daredevils in Indian Premier League (IPL), and Melbourne Renegades in Big Bash League (BBL).
iii.He was part of the West Indies Cricket Team which won the 2012 ICC World Twenty20 (Sri Lanka) and 2016 ICC World Twenty20 (India).
Records:
i.He is the first player to receive 2 player of the Final awards in ICC World T20 history, he became the second player after Shahid Afridi to score a half century and take a single wicket in a T20 World Cup Final.
ii.He holds the record for highest individual score – 85 in ICC World T20 Final in 2016.

BOOKS & AUTHORS

Book Titled “The Age of Pandemic (1817-1920): How they Shaped India And the World” Authored by Chinmay Tumbe

Chinmay Tumbe’s 2nd book titled “The Age of Pandemic (1817-1920): How they Shaped India And the World” the book argues that the period between 1817 and 1920 as the age of Pandemic which claimed around 70 million lives, with India as the epicentre.
The book is published by HarperCollins India and is set to release in December 2020.
About the book:
i.It documents the scale of devastation, cause and consequences and the resilience of the people during the pandemics.
ii.It also portrays the continuing relevance of learning from the disaster that affected the nation and the ways to combat the challenges like COVID-19.
iii.The book describes the effects and devastation caused by the COVID-19 pandemic in India and accounts the impacts of the pandemic on the aspects of life.
iv.The book records the various aspects of cholera, plague and influenza pandemics that claimed millions of lives between 1817 and 1920.
v.It also covers the 1918 influenza pandemic in India which claimed more lives than the casualties of World War I.
About Chinmay Tumbe:
i.Chinmay Tumbe is a faculty of the Tata Institute of Social Science, Hyderabad.
ii.He was a 2013 Jean Monnet Fellow at the European University Institute, Florence and 2018 Alfred D. Chandler Jr. International Visiting Scholar in Business History at Harvard Business School, Boston.
iii.His debut book was “India Moving: A History of Migration” published in 2018.

STATE NEWS

AP Government plans to set up 400 EV Charging Stations across the State

The Andhra Pradesh (AP) Government has decided to set up 400 Electric Vehicle (EV) charging stations across the state to promote the usage of electric vehicles. The EV stations will be built under the first phase of the “Go Electric” Campaign.
The Bureau of Energy Efficiency (BEE) launched the ‘Go Electric’ campaign in AP in coordination with APSECM (Andhra Pradesh State Energy Conservation Mission).
About Andhra Pradesh:
Ports – Krishnapatnam Port, Kalingapatnam Port, Gangavaram Port, Machilipatnam Port
Solar Power Plant – Kurnool Ultra Mega  Solar Park
<<Read Full News>>

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