Current Affairs 6 November 2020

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Top 20 Current Affairs of 6 November 2020

NATIONAL AFFAIRS

Cabinet approves Rs 1810 crore Investment Proposal of 210 MW Luhri Stage-I Hydro Power Project on November 4, 2020

On November 4, 2020, the Union Cabinet chaired by Prime Minister (PM) Narendra Modi has approved the following proposal which was detailed by Union Minister Prakash Keshav Javadekar, Ministry of Information and Broadcasting (MIB).

• On November 4, 2020, the Cabinet Committee on Economic Affairs (CCEA) approved the investment of Rs.1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj situated in Shimla & Kullu districts of Himachal Pradesh (HP) . This project, to be commissioned within 62 months, will generate 758.20 million units of electricity annually.
• This project is implemented by Satluj Jal Vidyut Nigam Limited (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis.

About Satluj Jal Vidyut Nigam Limited (SJVNL):
Chairman & Managing Director (CMD)– Nand Lal Sharma
Headquarter– Shimla, Himachal Pradesh (HP)
About Himachal Pradesh:
Chief Minister (CM) – Jai Ram Thakur
Capital– Shimla (Summer), Dharamshala (Winter)
Governor– Bandaru Dattatreya
<<Read Full News>>

TransUnion CIBIL partners with MoSPI to launch MSME Credit Health Index 

Credit Information Company TransUnion CIBIL has partnered with the Ministry of Statistics and Programme Implementation (MoSPI) to launch the First Edition of the Quarterly MSME Credit Health Index. The index will provide a reliable measure and benchmark of the growth and strength of MSME (Micro, Small & Medium Enterprises) in India.
Objective of the Index:
i.To provide Government, Policy makers, lenders and other stakeholders, insights and analysis on various aspects of the health of MSME industry to enable better policy with respect to MSME lending.
ii.The comprehensive information will facilitate better risk management and inclusion of MSME in Indian Banking and financial system.
About TransUnion CIBIL:
Managing Director, Chief Executive Officer – Rajesh Kumar
Headquarters – Mumbai, Maharashtra
About Ministry of Statistics and Programme Implementation (MoSPI):
Minister of State (MoS), Independent Charge – Rao Inderjit Singh
<<Read Full News>>

President Kovind Promulgates Arbitration and Conciliation (Amendment) Ordinance, 2020

i.On November 4, 2020, President Ram Nath Kovind in exercise of the powers conferred by clause (1) of article 123 of the Indian Constitution promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2020 to amend the Arbitration and Conciliation Act, 1996. The provision will come into effect retrospectively from October 23, 2015.
ii.The amendment will be made in Section 36 (3) of the Arbitration and Conciliation Act retrospectively from October 23, 2015 in order to address concerns raised by stakeholders. It should be noted that Section 36 deals with the enforcement of arbitral awards.
iii.Aim: To enable all stakeholder parties to seek an unconditional stay (temporary suspension or halting of a legal process or procedure) on enforcement of arbitral awards where the arbitration agreement is induced by fraud or corruption.
What is Arbitration?
Arbitration is a form of alternative dispute resolution (ADR) where two parties make their arguments to an arbitrator instead of litigating the matter in court.
What is an Arbitration Award?
An arbitration award refers to the decision of an arbitrator.
<<Read Full News>>

Cabinet Approvals with Foreign Countries on November 4, 2020

i.On November 4, 2020, the Union Cabinet chaired by Prime Minister (PM) Narendra Modi has approved the following proposals:

• Cabinet approved signing of Indo-Spain MoU to develop scientific and technical collaborations in astronomy
• Cabinet approves signing of MoU between India and UK on cooperation in the field of Telecommunication/ICTs
• Cabinet approved MoU between India and UK on cooperation in the field of Medical Products Regulation
• Cabinet approves Indo-Israel MoU on cooperation in the field of Health and Medicine

About Central Drugs Standard Control Organization (CDSCO):
Drugs Controller General of India– Dr. Venugopal G Somani
Headquarter– New Delhi
Parent Ministry– Ministry of Health and Family Welfare (MoHFW)
About Israel:
Capital– Jerusalem
Currency– Israeli Shekel
President– Reuven “Ruvi” Rivlin
<<Read Full News>>

Prasar Bharati signed MoU with BISAG-N to Launch 51 DTH Educational TV Channels

On 4th November 2020, Prasar Bharati, the public broadcaster of India signed a Memorandum of Understanding(MoU) with Bhaskaracharya National Institute for Space Applications and Geo-Informatics(BISAG-N) of Gujarat under the Ministry of Electronics and Information Technology (MeitY) to enable 51 direct-to-home (DTH) Educational television(TV) channels to all DD Free Dish Viewers.
Aim:
This initiative aims to enable quality educational programmes to every household including the households in rural and remote areas.
Features:
i.The 51 channels comprises Swaym Prabha under the Ministry of Education (22 channels), e-Vidya for classes 1 to 12 of National Council of Educational Research and Training (NCERT) (12 channels), Vande Gujarat owned by Government of Gujarat (16 channels) and DigiShala under MeitY (1 channel) will be available for the viewers as DD co-branded channels.
ii.These services will be available at a free of cost for 24×7 for all the viewers.
iii.This is in line with the Government of India’s goal of providing “education to all”.
Swayam Prabha:
i.Swaym Prabha is a group of 34 DTH Channels that telecasts high quality education programmes for 24×7 using GSAT-15 satellite.
ii.It will provide new content for atleast 4hours every day which will be repeated for 5 more times a day.
iii.The channels are uplinked from BISAG-N, Gandhinagar, Gujarat.
DigiShala:
i.DigiShala is an educational TV channel for digital payments on Door Darshan (DD) Free dish.
ii.This imparts education related to the digital payment ecosystem, tools, benefits and processes and informs and educates the people about Digital India initiatives.
Vande Gujarat:
Vande Gujarat program of the government of Gujarat is an educational and geographical television channel.
E-Vidya:
i.The E-Vidya programme was launched to integrate the endeavors related to online education and to increase the multimode access to education.
ii.This programme includes initiatives like One Nation One Digital Platform, One Class One Channel, Online Programmes in Universities, Swayam MOOCS courses, etc.

NMCG organised three-day virtual ‘Ganga Utsav 2020’; Chacha Chaudhary Named as Brand Ambassador of Namami Gange

i.A three-day long Ganga Utsav 2020 from November 2-4, 2020 was virtually organized by National Mission for Clean Ganga (NMCG) amid COVID-19 to spread awareness about river Ganga and the need to keep the river clean and rejuvenated.
ii.The 2020 edition marks the 12th anniversary of Ganga being accorded the status of National River, on 4th November 2008.
iii.The event was attended by Union Minister Gajendra Singh Shekhawat, Ministry of Jal Shakti.

• Chacha Chaudhary becomes the Brand Ambassador for Namami Gange Project
• A joint project titled “Urban River Management Plan” between NMCG and National Institute of Urban Affairs (NIUA), launched
• German development agency (GIZ) collaborated with NMCG for project, ‘Support to Ganga Rejuvenation’

About National Institute of Urban Affairs (NIUA):
Director– Hitesh Vaidya
Location– New Delhi
<<Read Full News>>

2nd Batch of Three Rafale Fighter Jets land at Jamnagar Air Base in Gujarat

On November 4, 2020, 2nd Batch of Three Rafale Fighter Jets landed at the Jamnagar Air Base in Gujarat. The fighter jets took off from Istres air base, France and flew continuously over eight hours covering 3, 700 nautical miles (6, 852 Kilometres) before landing in India.
i.With the arrival of the Three fighter jets, the Indian Air Force (IAF) now has 8 Rafale Fighter jets.
ii.The Second batch will be stationed at Hasimara Air Force Station, West Bengal.
About Indian Air Force (IAF):
Chief of the Air Staff (CAS) – Rakesh Kumar Singh Bhadauria
Headquarters – New Delhi
<<Read Full News>>

Minister of State for Housing & Urban Affairs, Hardeep Singh Puri launches Three Initiatives

On November 4, 2020, Minister of State (MoS) (Independent Charge) for Housing & Urban Affairs (MoHUA), Hardeep Singh Puri launched Three Initiatives Namely Nurturing Neighborhoods Challenge, Data Maturity Assessment Framework Cycle 2 & On-line training programme for City Data Officers (CDO) during an event.
Durga Shanker Mishra, Secretary, MoHUA and other stakeholders were present during the launch.
About Ministry of Housing and Urban Affairs (MoHUA):
Minister of State (MoS) (Independent Charge) – Hardeep Singh Puri
List of Schemes under Ministry of Housing and Urban Affairs – Smart Cities Mission, Heritage City Development and Augmentation Yojana (HRIDAY), Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Urban Transport, Swachh Bharat Mission (SBM).
<<Read Full News>>

International Centre for Clean Water at IIT-M set to Collaborate with DG TAKANO to Introduce New Clean Water Technologies in India

i.International Centre for Clean Water (ICCW), an initiative by IITM(Indian Institute of Technology Madras) to collaborate with DG TAKANO, Japanese firm.
ii.Aim– To introduce new clean water technologies in India.
iii.Recently, ICCW and DG TAKANO signed a Memorandum of Understanding (MoU) to collaborate on projects on clean water.
About Indian Institute of Technology Madras(IITM):
Director– Professor Bhaskar Ramamurthi
HeadQuarters– Chennai, TamilNadu
About DG TAKANO:
Head Office– Tokyo, Japan
CEO and Founder– Masaaki Takano
<<Read Full News>>

NMDC Ltd & IIT-Hyderabad Launched NICE Program to Support Deep-Tech Startups

On 4th November 2020, NMDC Ltd under the Ministry of Steel, in association Indian Institute of Technology (IIT) Hyderabad launched NICE (NMDC Innovation and Incubation Centre) Program a deep technology startup support system at IIT Hyderabad. NICE Program is a joint initiative of NMDC and i-TIC Foundation, Technology Business Incubator(TBI) at IIT Hyderabad.
Aim:
To support deep-tech startups through incubation and fellowship support.
Objective:
To promote entrepreneurship and innovation in India.
To support the Startup India movement.
NICE Program:
i.NICE Program is a 5-year joint program to support 15 fellows and 15 startups through benefits like financial aid, mentoring support, co-working space and other infrastructures.
ii.This will act as a template for industry-academia collaboration to support the Startup India Initiative.
iii.The incubation period of each startup will be 2 years extendable by 6 months.
Benefits:
i.The total budget of the program – Rs.10 crore is funded by NMDC which will be used to support 5 startups every year with a financial aid of Rs.25 lakh to convert their concept into business.
ii.The program will also support 5 fellows every year with Rs.80000 stipends for 12 months to support sustenance and prototype development.
About NMDC Ltd:
Chairman-Cum-Managing Director (CMD) – Sumit Deb
Headquarter – Hyderabad, Telangana

INTERNATIONAL AFFAIRS

United States formally exits Paris Climate Agreement to curb climate change

On November 4, 2020 the United States (US) became the first country to formally exit the Paris Climate Agreement. The formal exit from the agreement happened over a period of three years, after President Donald Trump declared pull-out from the climate accord in June 2017.
Impact of US Exit:
i.US is the second largest emitter of Greenhouse gases in the world (1st – China), accounting for a total of 25 percent of global greenhouse gas emissions.
ii.US had promised to reduce its emissions by 26 percent to 28 percent by the year 2025 from 2005 levels.
About United Nations Framework Convention on Climate Change (UNFCCC):
Executive Secretary – Patricia Espinosa
Headquarters – Bonn, Germany
<<Read Full News>>

Shaktikanta Das Chaired 40th SAARCFINANCE Governors’ Group meeting; Inaugurated the SAARCFINANCE Sync

i.On November 4, 2020 Shaktikanta Das, Governor of Reserve Bank of India(RBI) chaired the 40th SAARCFINANCE Governors’ Group meeting in a virtual format.
ii.He inaugurated the SAARCFINANCE Sync, a closed user group secure communication network.
Points to be Noted
The SAARCFINANCE Governors meet twice a year concurrently with the IMF(International Monetary Fund)/ WB(World Bank) Annual and Spring Meetings.
About SAARCFINANCE:
Established– September 9, 1998
Current Chair– RBI(Reserve Bank of India)
Central Banks in SAARCFINANCE–  Bangladesh Bank, Central Bank of Sri Lanka,  Da Afghanistan Bank,  Maldives Monetary  Authority, Nepal Rastra Bank, Reserve Bank of India,  Royal Monetary Authority of Bhutan, State Bank of Pakistan.
<<Read Full News>>

BANKING & FINANCE

Paytm Partners with SBI Card and Visa to Launch Contactless Co-Branded Credit Cards in 2 Variants

i.On November 4, 2020 SBI Card and Payment Services ltd.(SBI Cards) partnered with Paytm and Visa to launch co-branded credit cards, India’s next-generation credit cards.
ii.The credit card will be available in two variants, namely,  Paytm SBI Card and Paytm SBI Card SELECT.
iii.The 2 variants have been designed for the new age, digitally savvy customers. The product has been launched on the Visa platform.
Aim of the Partnership– To bring in ‘new to credit’ users into the formal economy and empower them to control their finances.
About SBI Cards & Payment Services Ltd (SBI Cards):
Headquarters– Gurgaon, Haryana
Managing Director(MD) and Chief Executive Officer(CEO)–  Ashwini Kumar Tewari
Founded- October 1998
About Paytm:
Headquarters– Noida, Uttar Pradesh
Founder & CEO– Vijay Shekhar Sharma
Founded– August 2010
<<Read Full News>>

ICICI Bank Launches ‘ICICI Bank Mine’, India’s 1st Banking Programme for Millennial Customers; First-of-its-Kind Proposition in Industry 

i.On November 5, 2020  ICICI Bank launched ‘ICICI Bank Mine’(inspired by ‘Millennial Network’), India’s first comprehensive banking programme for millennial customers, in the age bracket of 18-35 years old.
ii.It is a first of its kind proposition in industry. It is India’s 1st full banking stack for millennials.
iii.It also offers the millennial customers a mobile first, highly personalised and experiential led banking experience.
Targeted Customer– Millennial customers
About ICICI Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Sandeep Bakhshi
Tagline– Hum Hai Na, Khayal Apka
Formed– 1955 incorporated in 1994
<<Read Full News>>

APPOINTMENTS & RESIGNATIONS          

Ministry of I&B Constitutes a 4 Member Committee Headed by Shashi S. Vempati to Review Guidelines on Television Rating Agencies in India

i.On November 4, 2020 The Ministry of Information and Broadcasting(MIB) constituted a 4 member committee to review “Guidelines on Television Rating Agencies in India” notified by the ministry in 2014.
ii.The committee is headed by Shashi S. Vempati, CEO(Chief Executive Officer) of Prasar Bharti.
iii.Purpose of the committee- The committee will examine and study different aspects of the television rating system in India and will notify the changes if required.
About Ministry of Information and Broadcasting(MIB):
Cabinet Minister-Prakash Javadekar(Constituency- Rajya Sabha, Maharashtra)
<<Read Full News>>

SCIENCE & TECHNOLOGY

India successfully flight-tested Enhanced Version of PINAKA Rocket System from ITR, Odisha

On November 4, 2020, India successfully flight tested the Enhanced version of PINAKA Rocket System from the Integrated Test Range (ITR) at Chandipur, Odisha. It has been indigenously developed by Defence Research and Development Organisation (DRDO).
The Enhanced variant of the missile will achieve longer range performance compared to earlier versions of the Pinaka missile and are expected to replace the existing PINAKA Mk-I rockets.
Design & Development:
It has been designed and developed by Pune based DRDO Laboratory Namely Armament Research and Development Establishment (ARDE), and High Energy Materials Research Laboratory (HEMRL).
About Defence Research and Development Organisation (DRDO):
Chairman – G Satheesh Reddy
Headquarters– New Delhi
<<Read Full News>>

OBITUARY

Don Talbot, Former Head Coach of Australia’s Olympic Swimming Team Passed Away at 87

On 3rd November 2020, Don Talbot, one of Australia’s greatest swimming coaches and former head coach of Olympic Swimming team of Australia and Canada passed away at the age of 87 in Queensland, Australia. He was born on 23rd August 1933 in New South Wales, Australia.
About Don Talbot:
i.Don Talbot started his career as a coach in the 1950s and worked with John Konards, multiple world record holder who won the gold in 1500-meter freestyle in 1960 Rome Olympics.
ii.He served as the coach of the Olympic teams of Australia from 1964 to 72 and also worked with Canada and the United States of America(USA).
iii.During his stint as the head coach of Australia swim team, Australia secured 2nd in the Pool in 2000 Sydney Olympic Games with 5 gold, 9 silver and 4 bronze medals and topped the gold medal standing in the World Championship 2001 held in Fukuoka, Japan.
Awards & Honours:
i.He was made an Officer of the Order of the British Empire (OBE) in 1981 for his service to sport.
ii.He was inducted in the Sport Australia Hall of Fame in 1990.
iii.He was named an Officer of the Order of Australia(AO) in 2007.

BOOKS & AUTHORS

Political Scientist Vinay Sitapati’s 2nd Book Titled “Jugalbandi: The BJP Before Modi”

Vinay Sitapati, a political scientist, lawyer and a journalist authored his 2nd book titled “Jugalbandi: The BJP Before Modi”. The book documents about the partnership between Atal Bihari Vajpayee and Lal Krishna Advani, The founding leaders of Bharatiya Janata Party (BJP).
The book will be published by Penguin’s Viking (Viking Books is an imprint of Penguin General) and it is set to be released in November 2020.
About the book:
i.The book is based on private papers, party documents, newspapers and more than 200 interviews which claims to be the “most authoritative account” of the BJP.
ii.The book explains about Modi and the dominance of BJP in Indian Politics.
iii.This portrays the creation of Rashtriya Swayamsevak Sangh (RSS), Jana Sang and BJP and the partnership between Atal Bihari Vajpayee and Lal Krishna Advani, the founding leaders of BJP.
iv.The book portrays the creation of Hindu nationalism in the 1920s as a response to British-induced elections, the formation of the BJP in 1980 and ends with the first national government of BJP from 1998 to 2004.
v.The book will be translated into Hindi, Telugu and Marathi.
About Vinay Sitapati:
i.Vinay Sitapati is currently working as the Head of the Department of Political Science and Assistant Professor of Political Science and Legal Studies at the Ashoka University, Sonepat Haryana.
ii.His debut book “Half-Lion: How P V Narasimha Rao Transformed India”, the biography of PV Narasimha Rao, the former Prime Minister of India was recognised as “Book of the Year 2016” by The Economist magazine.

IMPORTANT DAYS

World Tsunami Awareness Day 2020 – November 5

i.The United Nations(UN)’s World Tsunami Awareness Day is annually observed on 5th November to create and raise awareness about Tsunami and share innovative approaches across the globe to reduce the risk of tsunami. The first World Tsunami Awareness Day was observed on 5th November 2016.
ii.UN Office for Disaster Risk Reduction (UNDRR) in collaboration with the United Nations system facilitates the observance of World Tsunami Awareness Day.
iii.The theme of the 2020 World Tsunami Awareness Day is “Strengthening disaster risk governance”.
About United Nations Office for Disaster Risk Reduction (UNDRR):
Head of UNDRR- Mami Mizutori (Japanese Diplomat – Special Representative of the Secretary-General for Disaster Risk Reduction)
Headquarters– Geneva, Switzerland
<<Read Full News>>

AC GAZE

Rare Metallic Asteroid ‘16 Psyche’ may be worth $ 10, 000 Quadrillion

According to a recent study published in The Planetary Science Journal, Asteroid ‘16 Psyche’ which orbits between Mars and Jupiter is believed to be made up almost entirely of iron, nickel and other rare materials like gold, platinum, cobalt, iridium and rhenium. It is worth an estimated $10, 000 Quadrillion which is more than the entire economy of Earth. It was discovered on March 17, 1853 by Italian astronomer Annibale de Gasparis and named after Greek goddess of Soul, Psyche.   Researchers at the Southwest Research Institute (Texas, United States) observed the asteroid through the Hubble Space Telescope.

Assam’s Rupsi Airport to Start its Commercial Operation by January 2021

On November 3, 2020 Airports Authority of India (AAI) stated that Rupsi Airport at Kokrajhar district, Assam is ready to start commercial operation under the Regional Connectivity Scheme(RCS) by January 2021. It is Assam’s 7th airport and Northeast’s 14th airport. It is a British-era airport that was originally constructed during World War-II to supply arms, manpower and ammunition to the Allied forces. The flight operations came to a halt in the 1980s. At an estimated cost of  Rs 69 crore it has been re-developed.

AAI hands over Lucknow airport to Adani Group on lease for 50 years

On November 2, 2020, Airports Authority of India (AAI) handed over the Lucknow Airport (Uttar Pradesh) to Adani Group on lease for a period of 50 years. AAI had signed concession agreements with Adani Group on February 14, 2020 for operations management and development of Mangalore, Lucknow and Ahmedabad Airports. In February, 2019, the Central Government privatized six major airports of the country – Lucknow, Ahmedabad, Jaipur, Mangalore, Thiruvananthapuram and Guwahati. Adani won the rights to run all airports for 50 years.

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