Current Affairs 5 September 2020

We are here for you to provide the important Recent and Latest Current Affairs 5 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 5 September 2020

NATIONAL AFFAIRS

Tripura Receives First Inland Shipping Cargo from Bangladesh under PIWTT

i.On September 3, 2020, the Daukandi (Bangladesh) – Sonamura (Tripura) Inland Waterway Protocol route has been operationalized giving further boost to bilateral trade between India-Bangladesh relations under Protocol for Inland Water Trade & Transit (PIWTT). This is the first ever export consignment from Bangladesh to Tripura through the inland waterways.
ii.Bangladeshi vessel, MB Premier carrying cement started from Daukandi on September 03, 2020, after getting permission from Bangladesh Inland Water Transport Authority (BIWTA), and will reach Sonamura on September 05, 2020, traversing 93 kms along the river Gumti. 
iii. In the last one year, approx. 3.5 MMT (Million Metric Tonnes) of cargo was transported between India and Bangladesh on the protocol routes. 
About Bangladesh:
Capital– Dhaka
Currency– Bangladeshi taka
President– Mohammad Abdul Hamid
<<Read Full News>>

12th Mekong Ganga Cooperation Senior Officials’ Meeting held virtually 

On 4th September, 2020, the 12th Mekong Ganga Cooperation (MGC) Senior Officials Meeting took place virtually, The key areas of cooperation tourism, culture, education, transport and communications were discussed and reviewed during the meeting.
i.The meeting was attended by Senior Officials from all 6 MGC Member States (India, Cambodia, Lao PDR (People’s Democratic Republic), Myanmar, Thailand and Vietnam).
ii.It was co-chaired by Vijay Thakur Singh, Secretary (East), Ministry of External Affairs and Mr. Sok Soken, Under Secretary of State, Ministry of Foreign Affairs and International Cooperation, Cambodia. 
About Ministry of External Affairs:
Union Minister – Subrahmanyam Jaishankar
Minister of State – V. Muraleedharan
<<Read Full News>>

C-CAMP sign MoU with India-Sweden Healthcare Innovation Centre to nurture frugal innovations

On September 4, 2020, Centre for Cellular and Molecular Platforms (C-CAMP) signed a Memorandum of Understanding (MoU) with India Sweden Healthcare Innovation Centre (ISIC) to identify and nurture frugal innovations and make quality healthcare affordable and accessible.
The Collaboration is aimed at building a strong crop of biopharmaceuticals, medtech, diagnostics, nutraceuticals and other healthcare interventions in India. 
About C-CAMP
Chief Executive Order (CEO), Director – Taslimarif Saiyed
Headquarters – Bangalore, Karnataka
<<Read Full News>>

INTERNATIONAL AFFAIRS

Saudi Arabia Hosted G-20 Foreign Ministers’ Meeting from Riyadh; India Proposed G20 principles on cross border movement

i.On September 3, 2020, as a part of Sherpa Track for the G20 Leaders Summit 2020, which will be held at the end of 2020, the current chair of G20 (group of twenty) i.e. Saudi Arabia hosted the virtual G20 Foreign Ministers’ Extraordinary Meeting from Riyadh (Capital of Saudi Arabia) which was focused upon cross-border movement and strengthening international cooperation across borders amid the COVID-19 pandemic.
ii.The meet was chaired by Minister of Foreign Affairs of Kingdom of Saudi Arabia, Prince Faisal Bin Farhan Al-Saud where Indian side was represented by Union Minister Dr. Subrahmanyam Jaishankar, Ministry of External Affairs (MEA).
iii.During the meet, India proposed the development of voluntary “G-20 Principles on Coordinated Cross-Border Movement of People” with three elements and also called for protecting interests of foreign students amid COVID-19. 
About G-20 or Group of Twenty:
Composition– 19 countries and the European Union (EU)
The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan,
Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK, and the US.
2020 Presidency– Saudi Arabia
2020 theme– Realizing Opportunities of the 21st Century For All
Chairman– Saudi Arabian King Salman bin Abdulaziz Al Saud (2020)
<<Read Full News>>

BANKING & FINANCE

RBI Announced Additional OMO of Rs 20,000 Cr to Ensure Orderly Market Conditions; HTM raised to 22% from 19.5%

i.On August 31, 2020, Reserve Bank of India (RBI) announced measures in order to ensure orderly market conditions and congenial financial conditions. In this regard Reserve Bank will conduct additional special open market operations (OMO) involving the simultaneous purchase and sale of Government securities (G-secs) for Rs 20,000 crore in two tranches of  Rs 10,000 crore each on September 10, 2020 and September 17, 2020.
ii.The apex bank also announced term repo operations of Rs 100,000 crore (1 trillion) to infuse liquidity into the market.
iii.Reserve Bank also increased the held to maturity limit (HTM) or the amount that banks invest in G-secs from 19.5% to 22%. 
Static points about Reserve Bank of India (RBI):
-It was established on the recommendation of the Hilton Young Commission.
-RBI is responsible only for printing the currency notes. Minting of coins is done by the Government of India.
-Dr. Manmohan Singh is the only Prime Minister to have also served as the Governor of RBI.
<<Read Full News>>

RBI Releases Revised Priority Sector Lending Guidelines :Sept.2020

i.On September 4, 2020, Reserve Bank of India (RBI) reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities amid COVID-19 impact. 
ii.In this regard, new categories are included under priority sector for financing viz. start-ups (up to Rs 50 crore); loans to farmers for installation of solar power plants for solarisation of grid connected agriculture pumps and loans for setting up Compressed Bio Gas (CBG) plants.
iii.Higher weightage have been assigned to incremental priority sector credit in ‘identified districts’ where priority sector credit flow is comparatively low.
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>>

FIDC Requested RBI to Review New Current Account Rules; Concerns on Routing All Transactions through CC/OD

i.On September 1, 2020, the umbrella body for non-banking financial companies (NBFCs), Finance Industry Development Council (FIDC) requested the Reserve Bank of India (RBI) to review the current account circular dated August 6, 2020.
ii.As per the circular, all transactions should be routed through the CC/OD account which is a matter of concern for FIDC
iii.On August 6, 2020, RBI issued revised guidelines for banks for opening current accounts in order to maintain discipline among the borrowers. In this regard the apex bank has mandated not to open current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system and all transactions shall be routed through the CC/OD account. 
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).
<<Read Full News>>

LazyPay Launched 1st of its Kind Digital Credit Card, ‘LazyUPI’, a Combination of UPI & Buy-Now-Pay-Later Concept

LazyPay, a part of PayU Finance has launched ‘LazyUPI’, a first of its kind digital credit card that combines Unified Payments Interface (UPI) and the Buy-Now-Pay-Later concept. The offering allows the users to access the real-time credit using UPI across omnichannel networks, which includes offline merchants and e-commerce platforms.     

• It is to be noted that this solution is a strategic response to the market demand for easy access to credit across the (online and offline)platforms and higher ticket-size pay-later options.

Key Info 
LazyPay will offer a credit limit (upto INR 1 lakh) to users for UPI transactions at stores (online & offline) on the basis of their credit history and payment behavior.
About LazyUPI
i.Customers can set up their accounts using a 2-minute KYC(Know Your Customer)  process, as LazyUPI integrated seamlessly into existing LazyPay apps.
ii.The solution is based on the same principles of LazyPay, i.e., the users to access credit through LazyUPI need not go through the process of linking their bank account(s) with UPI.
iii.With its Revolve feature, the users of the LazyUPI who are unable to repay in a monthly billing cycle, can make part-repayments.
iv.This feature, like a typical credit card, allows users to pay a Minimum Amount Due (MAD) and transfer the total outstanding amount to the next payment cycle, with a standard interest rate.
About PayU:
Headquarters– Netherlands
CEO–  Laurent le Moal
CEO, India– Anirban Mukherjee

RBL Bank in Partnership with Empays Payment Systems Launched Cardless Cash Withdrawal Facility from ATMs through IMT System 

i.In order to expand RBL Bank’s suite of contactless banking services, it has launched a cardless cash withdrawal facility from Automated Teller Machines (ATMs), through the Instant Money Transfer (IMT) system in partnership with Empays Payment Systems. ii.This service enables the customers of the RBL Bank to withdraw cash without their debit cards from 389 IMT-enabled bank’s ATMs or more than 40,000 other bank ATMs across the country.
About RBL Bank:
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD)& Chief Executive Officer(CEO)– Vishwavir Ahuja
About Empays Payment Systems India Pvt Ltd
HeadQuarters– Mumbai, Maharashtra
Founder and CEO– Ravi Rajagopalan
<<Read Full News>>

APPOINTMENTS & RESIGNATIONS          

Bollywood Actor Ayushmann Khurrana Becomes Brand Ambassador of Bajaj Allianz Life

Bajaj Allianz Life Insurance Company Limited appointed Bollywood Actor Ayushmann Khurrana as its brand ambassador to promote its products and digital services across offline and online mediums. He will feature in the life insurer’s next campaign, ‘Smart Living’, which includes its term plan, Smart Protect Goal and the new digital service, Smart Assist.
Key Info
i.It is to be noted that Ayushmann Khurrana himself becomes life insurer brand ambassador for first time.
ii.In addition to the campaign on Smart Protect Goal, he will also feature in an ad film on Smart Assist, a 1st of its kind technology service in the insurance industry.
About Ayushmann Khurrana

• Apart from being an actor he is also a singer, and television host.
• Among other films he has starred in Bareilly Ki Barfi , Shubh Mangal Saavdhan , Badhaai Ho.
• He is a recipient of the National Film award(2019) for best actor for the film  Andhadhun.

About Bajaj Allianz Life Insurance Company Limited:
HeadQuarters– Pune, Maharashtra
Managing Director and Chief Executive Officer– Tarun Chugh

Celton Manx Confirmed the Appointment of Dwayne Bravo as the First Cricket Ambassador of SBOTOP 

On 2nd September 2020, Celton Manx, Isle of Man betting group confirmed the appointment of Dwayne Bravo, West Indies cricketer as the first Cricket Ambassador of SBOTOP, the flagship sportsbook brand of Celton Manx.
Aim:
SBOTOP roped in Bravo with an aim to expand its reach in the global market.
About SBOTOP:
i.SBOTOP is an online betting platform that provides e-gaming experiences with a range of products like sports, live casino, slot games and others.
ii.These products are available for both desktops and mobile.
Note:
SBOTOP signed a multi-year sponsorship as the Principal club sponsor with Leeds United FC, English Premier League club.
About Dwayne Bravo:
i.Dwayne Bravo is one of the best all-rounder representing West Indies.
ii.Bravo was a key player of the West Indies Team that won the 2012 and 2016 International Cricket Council(ICC) World Twenty20 Championship.

SCIENCE & TECHNOLOGY

IIT Delhi Incubated Startup, Chakr Innovation Launched “Chakr DeCoV” to Decontaminate N95 Masks

Indian Institute of Technology(IIT) Delhi incubated startup Chakr Innovation launched an Ozone based decontamination device named “Chakr DeCoV” to decontaminate the N95 masks and reuse upto 10 times. 
Ashwini Kumar Choubey, Minister of State(MoS) for Health and Family Welfare launched the device over a virtual platform 
Chakr DeCoV:
i.The device was developed by the Chakr Innovation team led by Tushar Batham with the guidance of researchers and professors of IIT Delhi.
ii.The device was tested for safety and reliability at the Centre for Biomedical Engineering, IIT Delhi.
Objective:
To support healthcare workers with a safe use of N95 Masks.
Features:
i.Chakr DeCoV decontaminates the N95 Mask within 90 minutes for a safe reuse.
ii.The cost effective cabinet shaped device utilises Ozone gas of high penetrability to kill the viruses in the pores of the N95 masks.
iii.The device reduces the bacterial load by 99.9999% and enables the reuse of the masks without any impacts on the filtration efficiency.
Ozone gas:
i.The strong oxidising agent damages the viral RNA (Ribonucleic acid) of the virus by diffusing through its protein coat.
ii.The sufficient dosage of Ozone inactivates the SARS CoV-2.
About Ministry of Health and Family Welfare(MoHFW):
Union Minister– Harsh Vardhan
Minister of State– Ashwini Kumar Choubey 

LIGO and VIRGO Detected Mammoth Collision of ‘Impossible’ Black Holes for 1st time

i.For the 1st time, The Collision of ‘Impossible’ Black Holes was detected and directly observed by the Laser Interferometer Gravitational Wave Laboratory (LIGO) Scientific Collaboration and the Virgo Collaboration also known as LVC (LIGO Scientific Collaboration and Virgo Collaboration), which includes scientists from the Australian National University (ANU). 
ii.They Initially found 2 black holes of 66 and 85 solar masses, which generated a final black hole of 142 solar masses, till now it is the largest black hole ever observed through gravitational-wave observations.
About LIGO Scientific Collaboration :
Headquarters– United States(US)
Spokesperson– Prof. Patrick Brady
About Virgo Collaboration:
Headquarter– Santo Stefano a Macerata, Cascina, Italy
Spokesperson– Giovanni Losurdo
<<Read Full News>>

Union Minister of Education Launched First of its Kind Mobile App “EnglishPro” Developed by EFLU

On 31st August 2020, Ramesh Pokhriyal ‘Nishank’, Union Minister of Education launched a free mobile app “EnglishPro” to develop Indian English Pronunciation in the unique “Indian” way in Hyderabad over a virtual platform. It was developed by the Central University, English and Foreign Languages University (EFLU) under the University Social Responsibility (USR) programme.This is the first initiative by any university in India.
Key People:
Sanjay Shamrao Dhotre, Minister of State for Education along with other dignitaries participated in the launch event.
EnglishPro:
i.EnglishPro is one of the series of learning applications planned by the university.
ii.This application will support the skilling the youth mission of the central government.
Aim:
To support and help in the development of the language learners.
Features:
i.The application supports the organic transitioning of the beginner level users from mother tongue to English.
ii.This also promotes the Standard Indian English and will support learners with general English Pronunciation in a unique Indian way.
iii.This digital tool will support people from different backgrounds like teachers, students and others.
The android version of the app is available on:
https://play.google.com/store/apps/details?id=com.glt.eflu
About EFLU:
Vice Chancellor– E. Suresh Kumar
Headquarters– Hyderabad, Telangana
About Ministry of Education:
Union Minister– Ramesh Pokhriyal ‘Nishank’
Minister of State– Sanjay Dhotre

SPORTS

Indian GM Iniyan wins 48th Annual World Open Chess Virtual tournament (online)

Indian Grandmaster Panneerselvam Iniyan won the 48th Annual World Open Chess Tournament via online with 7.5 points from nine games. The World Open Chess Tournament is organized by Continental Chess Association. It was held from August 7-9, 2020 in online mode following classical time control. 
The tournament is usually held in Philadelphia, New York in the United States, this time it was conducted virtually due to the ongoing pandemic.
Highlights:
i.The Tournament had 31 Grandmasters, in which Iniyan and Sanan Sjugirov of Russia finished with 7.5 points, and Iniyan emerged the winner because of a better tie-break. 
ii.17-year old GM Iniyan hails from Erode, Tamil Nadu finished with 7.5 points from six victories and three draws. 
iii.Iniyan had defeated Grandmasters Baadur Jobava of Georgia, Sam Sevian, Sergey Erenburg of USA and Nyzhyk Illia of Ukraine on his way to the title.
iv.The results of the event were officially announced after Fair Play Analysis.
v.A total of 122 participants from 16 countries India, USA, UK, Russia, Spain, Georgia, Azerbaijan, Ukraine, Poland, Uzbekistan, Belarus, Israel, Bangladesh, Mexico, Peru and Cuba participated in the tournament.

BOOKS & AUTHORS

UNEP Launches New Book “The Little Book of Green Nudges”  

On September 1, 2020, the United Nations Environment Programme (UNEP) launched a new publication, “The Little Book of Green Nudges”, to inspire students around the globe to adopt environmentally friendly habits and greener lifestyles. The Book was drafted by The Behavioural Insights Team and GRID-Arendal.
i.This is UNEP’s first book on behavioural science and nudge theory, which focuses on human actions and how to change them. 
ii.UNEP also launched a “Green Nudges” programme for Universities.
iii.UNEP will share insights from discussions with leaders of world’s top universities at THE (Times Higher Education) World Academic Summit.
iv.During the summit, THE World University Rankings 2021  were released.
About UNEP:
Director – Inger Andersen (Denmark)
Headquarters – Nairobi, Kenya
<<Read Full News>>

Goonmeet Singh Chauhan’s New Book “Invertonomics” featuring Ideas to Transform India

Goonmeet Singh Chauhan’s new book “Invertonomics: 8 ideas to transform India”  presents practical ideas and models to solve the 8 specific fundamental problems of India like, Social inequality, Air pollution, Cleanliness, Safer Cities, Women empowerment and rural economy deteriorating etc.It was published by published by HarperCollins India.
Features of the book:
i.The book focuses on creating a model to involve the citizens to work towards the solutions and to use those ideas to solve similar global problems, especially in economies.
ii.In this book, Goonmeet coined a methodology “Invertonomics”, a model that invert problems into economic opportunities.
iii.The book proposes a “Dream for India” which steps into idealism tempered with realistic applications.
About Goonmeet Singh Chauhan:
i.Goonmeet Singh Chauhan, Architect and Urbanist, graduated from Indian Institute of Technology(IIT) Kharagpur.
ii.He was the co-founder of Design Forum International, an architectural practice in Delhi.
iii.He was also the founder of Invertonomics Foundation for India aimed to transform the nation and to boost his ideas to enhance the lives of people.

2 books on Ma Anand Sheela- Authorised biography, ‘Nothing To Lose’ by Manbeena Sandhu & Memoir, ‘My Story in My Own Words’ to be Released

2 books on Sheela Birnstiel(Other Name- Sheela Ambalal Patel, popularly called as Ma Anand Sheela), namely ‘Nothing To Lose’, an authorised biography by Manbeena Sandhu, which portrays the woman behind the strong persona and her Memoir, ‘My Story in My Own Words’ to be published in October and November respectively.
Publish House Name

• ‘Nothing To Lose’-  Harper Collins, India 
• ‘My Story in My Own Words’- Penguin Random House 

Note–  ‘Nothing To Lose’ is the Manbeena Sandhu’s 1st book of Non-fiction
Key Info
‘Nothing To Lose’ describes the untold story of Ma Anand Sheela, i.e, from heading to an ashram at Rajneeshpuram, Oregon, USA, in the 1980s to leading the largest (Rajneeshee) bioterror attack in American history and spending 39 months in prison.
About Ma Anand Sheela
i.Ma Anand Sheela is an Indian-born Swiss who was the spokeswoman of the Rajneesh movement (aka Osho movement).
ii.She later lead the Rajneesh commune in Wasco County, Oregon, USA 
iii.In 1986, she pleaded guilty to attempted murder and assault for her role in the 1984 Rajneeshee bioterror attack.
Additional Info
The 1st book of Manbeena Sandhu is Layla in the Sky with Diamonds, is a work of fiction.

STATE NEWS

Punjab Government launches ‘I Rakhwali’ app to make citizens ‘Greenery Saviours’

On September 3, 2020, Punjab State Minister for Department of Forest & WildLife & Preservation Sadhu Singh Dharmsot launched ‘I Rakhwali’ application. The app was launched to safeguard the forest areas in the state by making common citizens as stakeholders in the process. It will help citizens to become ‘Greenery Saviours’.
The main aim is to inspire people to plant more trees and this app will help people come forward and contribute towards environment protection.
About Punjab:
Capital – Chandigarh
Chief Minister – Amarinder Singh
<<Read Full News>>

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