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Current Affairs 9 September 2020

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Top 20 Current Affairs of 9 September 2020

NATIONAL AFFAIRS

Kerala tops literacy rate chart with 96.2%; Andhra Pradesh worst performer at 66.4%: NSOKerala-tops-literacy-rate-chart

i.In accordance with the report on “Household Social Consumption: Education in India as part of 75th round of National Sample Survey – from July 2017 to June 2018” conducted by National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), Kerala again emerged as the most literate state in the country with 96.2% literacy followed by Delhi (88.7%), Uttarakhand ( 87.6%), Himachal Pradesh (86.6%) and Assam (85.9%).
ii.On the other hand, Andhra Pradesh (AP) is the worst performer at 66.4% followed by Rajasthan at 69.7%, Bihar (70.9%), Telangana (72.8%), Uttar Pradesh (73%) and Madhya Pradesh (73.7%).
iii.The overall literacy rate in India is pegged at 77.7% where rural areas has 73.5% literacy rate and urban areas has 87.7%.
iv.Literacy rate: Literacy rate is defined as the percentage of literate persons among persons of age 7 years and above.
About Ministry of Statistics and Programme Implementation (MoSPI)
Minister of State (Independent Charge)– Rao Inderjit Singh
Secretary– Pravin Srivastava
Director General (NSS)– Vijay Kumar
<<Read Full News>>

STEPapp Partnered with MoTA to Implement Gamified Learning App in Tribal SchoolsSTEPapp-collaborates-with-the-Tribal-Development-Department,-Government-of-India

i.Eduisfun Technologies Private Limited’s STEPapp (Student Talent Enhancement Program Application) received an order from the Ministry of Tribal Affairs(MoTA) to implement its gamified learning application in the tribal schools across India and to benefit the tribal students and to empower them with quality education.
ii.This is the first time for a government institution to tie up with an Indian EdTech startup on a monetised project.
iii.As of 31st August 2020, the application has been implemented in around 242 schools across 21 States benefiting around 35167 registered students.
About STEPapp (Student Talent Enhancement Program Application):
Founder & CEO– Praveen Tyagi
Headquarters– Maharashtra
<<Read Full News>>

CSIR-CMERI and NISE Signed MoU Virtually to Strengthen Solar Energy Sector Across Indiasigned-MoU-to-bolster-the-Solar-Energy-sector-in-India

In order to strengthen the solar energy sector across the nation, Council of Scientific & Industrial Research (CSIR)-Central Mechanical Engineering Research Institute (CMERI) and National Institute of Solar Energy (NISE), an autonomous institute under the Ministry of New and Renewable Energy, Government of India, for ‘Strategic Association’ has signed a Memorandum of Understanding (MoU) virtually.
Key People
MoU was signed by  Prof. (Dr.) Harish Hirani, Director of  CSIR-CMERI, Durgapurand Dr. Arun Kumar Tripathy, Director-General of  NISE.
About Central Mechanical Engineering Research Institute(CMERI):
Headquarters– Durgapur, West Bengal
Director– Prof. (Dr.) Harish Hirani
About National Institute of Solar Energy (NISE):
Director-General– Arun Kumar Tripathy
Headquarters– Gurugram, Haryana
<<Read Full News>>

NITI Aayog constitutes Multidimensional Poverty Index Coordination Committee (MPICC) to be chaired by Ms Sanyukta Samaddar NITI-Aayog-constitutes-Multidimensional-Poverty-Index-Coordination-Committee

As the nodal agency for Multidimensional Poverty Index Coordination Committee (MPICC), NITI Aayog constituted a Multidimensional Poverty Index Coordination Committee (MPICC) which will be chaired by Ms Sanyukta Samaddar, Adviser (Sustainable Development Goals).
i.It has members from Ministry of Power, Women & Child Development, Telecommunication, Ministry of Statistics & Programme Implementation, Rural Development, Petroleum & Natural Gas, Food & Public Distribution, Drinking Water & Sanitation, Education, Housing & Urban Affairs, Health & Family Welfare, and Financial Services.
India’s Performance:
According to Global MPI, India is 62nd among 107 countries with an MPI score of 0.123 and 27.91% headcount ratio based on National Family Health Survey 4 (2015/16) data.
<<Read Full News>>

Prime Minister Modi E-Inaugurates Patrika Gate in Jaipur PM-Shri-Narendra-Modi-inaugurated-Patrika-Gate-in-Jaipur-through-video-conference

i.On 8th September 2020, Prime Minister Narendra Modi inaugurated the Patrika Gate in Jaipur, Rajasthan over a virtual platform. The Patrika Gate was built by the Patrika group of Newspapers on the Jawaharlal Nehru Marg in Jaipur.
ii.He also launched 2 books Samvad Upanishad and Akshar Yatra, authored by Gulab Kothari, Editor in Chief of Rajasthan Patrika Group and Chairman of Patrika Group of Newspaper.
About Rajasthan:
UNESCO sites– The Jantar Mantar, Hill Forts of Rajasthan
Tiger Reserve- Sariska Tiger Reserve, Ranthambore Tiger Reserve, Mukundara Hills Tiger Reserve.
<<Read Full News>>

INTERNATIONAL AFFAIRS

US-India-Israel summit held virtually; Decision taken for Trilateral Collaboration on 5G Tech India, U.S. and Israel collaborating for 5G technology Development

i.On September 3, 2020, the virtual US (United States)-India-Israel summit was held to focus on trilateral partnerships in the strategic, technology and development arenas. There it was decided that these trio nations will collaborate in 5G technology. 
ii.This trilateral summit was initiated by Prime Minister Narendra Modi during his historic visit to Israel three years ago in July 2017, community leaders on the basis of tech-triangle (Silicon Valley-Tel Aviv and Bangalore) concept which was presented by M R (Madhavan) Rangaswami to PM Modi.
iii.Notably, Silicon Valley (US), Bengaluru (Karnataka, India) and Tel Aviv (Israel) are leading innovative technology hubs. 
About Israel:
Capital– Jerusalem
Currency– Israeli Shekel
About United States Agency for International Development (USAID):
Acting Administrator– John Barsa
Headquarter– Washington, D.C., United States (US)
<<Read Full News>>

BANKING & FINANCE

Himachal Pradesh, World Bank Sign $82 million Loan Deal for HP State Roads Transformation ProjectGovernment-of-India,-Government-of-Himachal-Pradesh-and-World-Bank-sign-$82-million-loan

On September 7, 2020 The State Government of Himachal Pradesh and World Bank signed a $82 million (approximately Rs. 600 Crores) loan deal to support Himachal Pradesh strengthen its transport and road safety institutions by improving the condition, safety, resilience, and engineering standards of the state’s road network. 
The loan from the International Bank for Reconstruction and Development (IBRD), has a final maturity of 15 years including a grace period of five years.
<<Read Full News>>

Bank of India launched “Signature Visa Debit Card” for High Net Worth Individuals

i.On the occasion of Bank of India (BoI)’s 115th Foundation Day, BOI has launched an international contactless debit card , “Signature Visa Debit Card” for high net worth individuals who are maintaining an average quarterly balance of Rs 10 lakhs and above. 
ii.Atanu Kumar Das, Managing Director(MD) & Chief Executive Officer(CEO) of BOI virtually inaugurated new buildings of Rural Self Employment Training Institutes (RSETI) at Barabanki, Lucknow(Uttar Pradesh) and Giridih (Jharkhand).
About Bank of India(BOI):
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– Atanu Kumar Das
Tagline– Relationship Beyond Banking
<<Read Full News>>

RBI Accepted Kamath Panel Recommendations; Specifies Parameters for Loan RestructuringRBI-Broadly-Accepts-Kamath-Panel-Recommendations

i.On September 4, 2020, Reserve Bank of India (RBI) specified five financial ratios and sector-specific thresholds for resolution of COVID-19-related stressed assets in 26 sectors on the basis of the recommendations of an expert committee under the chairmanship Kundapur Vaman Kamath, which was formulated by RBI in August 2020 to set a parameters and benchmarks for stressed assets that need rescuing. 
ii.These five ratios are: Total outside liabilities/adjusted tangible net worth (TOL/ATNW), total debt/EBITDA, current ratio, debt service coverage ratio (DSCR), average debt service coverage ratio (ADSCR).
iii.In respect of other sectors where certain ratios have not been specified, the lenders shall make their own assessment keeping in view the “Resolution Framework for COVID-19-related Stress”.
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>>

Mahindra Finance Enters Online Insurance Broking; to Launch a portal, PayBimaMahindra Finance set to enter online insurance, will launch portal called PayBima(Write Static GK)

Mahindra Insurance Brokers Ltd(Mahindra Insurance Brokers), a subsidiary of Mahindra & Mahindra Financial Services Limited(Mahindra Finance), which enter into an online insurance broking business to provide digital services to the customers of its insurance brokerage through PayBima, a portal which said to be launched soon.
About PayBima
i.PayBima will help Mahindra insurance broking services to transform it into a “phygital” model that will leverage its feet-on-the-street agents at over 400 locations in the country, with the digital aggregation and settlement services.
ii.The critical part of Mahindra Insurance Brokers Operations on the portal will be settlement of claims.
iii.Mahindra Insurance Brokers will give its customers the options to compare and buy different policies through its partnership with leading public and private insurers, while the portal will also provide advanced assistance in registering and settling claims
iv.Mahindra Insurance Brokers intends to use advanced technologies such as artificial intelligence, sentiment and voice analysis, and machine learning to offer its products and services on the portal
About Mahindra Insurance Brokers Ltd:
HeadOffice– Mumbai, Maharashtra
Managing Director– Dr. Jaideep Devare
About Mahindra & Mahindra Financial Services Limited:
Chairman and Independent Director– Dhananjay Mungale 
HeadQuarters– Mumbai, Maharashtra

ECONOMY & BUSINESS

Fitch Projected India’s Economy to Contract 10.5% in FY20-21 from -5%Fitch-projects-India's-economy-to-contract-10

i.On September 8, 2020, in accordance with the September update of Global Economic Outlook (GEO), Fitch Ratings projected a 10.5% contraction of India’s economy in the FY2020-2021 from a contraction of 5% estimated earlier due to continued spread of the virus and imposition of shutdowns across the country that has disrupted economic activity. For FY21-22, Indian economy will grow 11%, while for 2022-23 growth will 6%.
ii.In the first quarter of current fiscal (Q1FY21) India’s gross domestic product (GDP) contracted by a massive 23.9%.
iii.Separately, India Ratings and Research, the India arm of Fitch Ratings India’s GDP growth forecast to (-) 11.8% from (-) 5.3% earlier.
About Fitch Ratings:
Headquarter– New York, United States (US)
President– Ian Linnell
<<Read Full News>>

India’s GDP to Contract by 11.8% in FY21; Rebound to 9.9% in FY22 : Ind-Ra India-Ratings-revises-FY21-GDP-growth-projection-to-negative-11

i.India Ratings and Research(Ind-Ra), domestic rating agency projects India’s GDP (Gross Domestic Product) growth to contract by 11.8%(-11.8%), from earlier -5.3%. 
ii.The rating agency also expects India’s GDP to rebound and grow at 9.9% year-on-year in FY22 primarily due to the weak base of FY21. 
iii.The Indian economy contracted by a record 23.9% in 1st (April-June) quarter of FY21, which is much higher than Ind-Ra’s forecast of 17.0% due to the impact of the COVID-19 pandemic(lockdown). 
About India Ratings and Research (Ind-Ra):
Ind-Ra is a 100% owned subsidiary of the Fitch Group.
Chief Executive Officer (CEO) & Managing Director (MD)– Rohit Karan Sawhney
HeadQuarters– Mumbai, Maharashtra
<<Read Full News>>

NSDC, LinkedIn partner to impart free digital skills trainingNSDC, LinkedIn partner to impart free digital skills training

i.On September 08, 2020 National Skill Development Corporation (NSDC) and LinkedIn announced a partnership to provide access to free learning resources for imparting digital skills to youth for enhancing employability.
ii.According to LinkedIn, Indian professionals with digital skills are 20 percent more in demand than professionals without digital skills in 2020.
About National Skill Development Corporation (NSDC):
Chief Executive Officer (CEO), Managing Director – Manish Kumar
Headquarters – New Delhi 
About LinkedIn:
Chief Executive Officer (CEO) – Ryan Roslansky 
Headquarters – California (United States of America)
<<Read Full News>>

OBITUARY

Govind Swarup, Father of India’s Radio Astronomy & Padma Shri Awardee Passed Away at 91Pioneering radio astronomer Govind Swarup

Govind Swarup, Father of India’s Radio Astronomy passed away at the age of 91 due to age related complications in Ruby Hall Clinic, Pune Maharashtra.  He was the founding director of National Centre for Radio Astrophysics of Tata Institute of Fundamental Research. He is the recipient of Padma Shri(1973). He was born on  March 23rd, 1929 in 
Thakurdwara, United Provinces, British India(Now in Uttar Pradesh).

  • He is well known for his many important research contributions in several areas of astronomy and astrophysics.

Key Achievements of Govind Swarup
i.Govind Swarup served as president of the Astronomical Society of India during 1975-77.
ii.He was the key person behind the concept, design and installation of the Ooty Radio Telescope (India) and the Giant Metrewave Radio Telescope (GMRT), which established India as one of the leading countries for radio astronomy research.
iii.A strong group in radio astrophysics was formed under his leadership at Tata Institute of Fundamental Research, which is comparable to the best in the world.
iv.He has received Shanti Swarup Bhatnagar Prize for Science and Technology (SSB)(1972); TWAS Prize in Physics(1988);  H. K. Firodia Award(2001)and the Grote Reber Medal (2007) among others.
v.He was the fellow of many institutions including as a Fellow of The Royal Society of London for Improving Natural Knowledge(Royal Society)

BOOKS & AUTHORS

Radha M Nair’s New Book Titled “Breaking the Cocoon @ 40”Book titled Breaking the Cocoon @ 40 authored by Radha Nair

On 1st September 2020, Radha M Nair announced her first book titled “Breaking the Cocoon @ 40” portrays her life experiences in the advertising world of Mumbai where she started her career as a copywriter during her early forties. The book will be published by Poorna Publications.
About the book:
i.The book holds the experiences of Radha as a dream merchant in the advertisement agency and with a few of her life events like modelling for AIDS awareness campaign, death of her husband and the fun experiences in her life.
ii.The 31-chapter book maps the transformation of Radha’s life from homemaker to copywriter and the lessons she learned in the competitive world of advertisement.
Other books:
She co-authored the book titled “The God Who Rules A Kingdom, the story of Sree Padmanabhaswamy Temple” with Aswathi Thirunal Gauri Lakshmi Bai

IMPORTANT DAYS

International Literacy Day 2020 – September 8International Literacy Day - September 8 2020

i.United Nations(UN)’s International Literacy Day is annually celebrated on 8th September to promote the importance of literacy as a matter of dignity and human rights among the general public and to work towards a more literate and sustainable society.
ii.The International Literacy Day was celebrated on 8th September since 1966.
iii.The theme of International Literacy Day 2020 is “Literacy teaching and learning in the COVID-19 crisis and beyond” which particularly focuses on the role of educators and the method of teaching.
About UNESCO:
Director General– Audrey Azoulay
Headquarters– Paris, France
<<Read Full News>>

STATE NEWS

1st ever Cannabis Medicine Project to be Set up with Collaboration of Canada at Jammu: Jitendra SinghFirst ever cannabis medicine project coming up in Jammu

i.Jitendra Singh, Union Minister of State-MoS (Independent Charge), Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space informed that 1st ever cannabis medicine project will be shortly set up with the  collaboration of Canada at Council of Scientific & Industrial Research (CSIR)-Indian Institute of Integrative Medicine (IIIM) in Jammu.
ii.The progress of the construction of North India’s 1st  biotech industrial park in Kathua, Jammu & Kashmir was also reviewed by Jitendra Singh
Constituency:
Jitendra Singh– Udhampur, Jammu and Kashmir
About Indian Institute of Integrative Medicine(IIIM):
HeadQuarters- Jammu, Jammu & Kashmir
Director– Dr. D. Srinivasa Reddy
<<Read Full News>>

‘Operation Green’s TOP to TOTAL’ scheme to cover all Fruits & vegetables in J&K Fruits & vegetables in J&K covered under 'Operation Green's TOP to TOTAL' scheme

i.On September 07, 2020 Government of India extended Price Stabilisation interventions under ‘Operation Greens’ scheme for majority of fruits and vegetables grown in Jammu and Kashmir (J & K) to extend support to farmers in J & K.
ii.The initiative is aimed to support farmers of Fruits and Vegetables under Atma Nirbhar Bharat Abhiyan in order to prevent distress sales, Price Stabilization interventions under Central Sector Scheme – ‘Operation Greens’.
iii.It has been extended from Tomato, Onion and Potato (TOP) to all notified fruits and vegetables (TOTAL) for a period of six months on a pilot basis.
<<Read Full News>>

YS Jagan Mohan Reddy Launched 2 Nutrition Schemes to Provide Nutrition Food to Women & ChildrenAP-CM-YS-Jagan-Mohan-Reddy-launched-two-nutrition-schemes-for-women-and-children

i.On 7th September 2020, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched two nutrition schemes “YSR Sampoorna Poshana” and “YSR Sampoorna Poshana Plus” to provide nutritious food to the pregnant women, new mothers and children at the Tadepalli camp office.
ii.The government of Andhra Pradesh reintroduced free power into the agriculture energy supply scheme – Agriculture Electricity Cash Transfer Scheme which was announced on 1st September 2020 and renamed it as “YSR Free Agriculture Power”
About Andhra Pradesh:
Stadium– Dr. YS Rajasekhara Reddy ACA-VDCA Stadium, Indira Gandhi Stadium, Indira Priyadarshini Stadium
Tiger Reserve– Nagarjuna Sagar Srisailam Tiger Reserve also known as Rajiv Gandhi Wildlife Sanctuary.
<<Read Full News>>

Haryana CM Launches 1st of its Kind Educational Chatbot “Apka Mitra” & Online Admission Platform for UG coursesHaryana CM launched first of its kind educational whatsapp chatbot

On September 07, 2020, Haryana Chief Minister Manohar Lal Khattar virtually launched the first of its Kind Educational Chatbot “Apka Mitra” & Online Admission Platform for UnderGraduate (UG) courses in government-aided and self-financed colleges for the new academic session 2020-21.
Haryana Education Minister Kanwar Pal and senior officers of Higher Education Department including Principal Secretary Ankur Gupta and Director General, Higher Education Department, Ajit Balaji Joshi were present during the virtual launch.
About Haryana:
Capital – Chandigarh
Governor – Satyadev Narayan Arya 
<<Read Full News>>

Union Minister Hardeep Singh Puri and Kerala CM Inaugurate Thykoodam-Petta, Final stretch of Kochi Metro-Phase-I Union Minister Hardeep Singh Puri and Kerala CM Inaugurated Thykoodam-Petta

The Thykoodam-Petta stretch of Kochi Metro was inaugurated by Minister of State (MoS) (Independent Charge), Housing and Urban Affairs, Hardeep Singh Puri and Kerala Chief Minister Pinarayi Vijayan through video conference. 
The final stretch of Kerala metro phase 1 has been completed with the commissioning of Thykoodam-Petta stretch. It has been completed at a cost of Rs 6218 Crores
Kochi Water Metro Project:
Kochi will become the first city in the country to integrate water transport as feeder service to the metro.
KMRL will implement Kochi Water Metro Project at a cost of Rs. 747 crore with financial assistance of German Bank, KFW.
About Kerala:
Capital – Thiruvananthapuram 
Governor – Arif Mohammad Khan
<<Read Full News>>

AC GAZE

RBI ceased Banking operations of Aditya Birla Idea Payments Bank

Reserve Bank of India has ceased the Banking operation by the Aditya Birla Idea Payments (ABIP) Bank under Banking Regulations Act 1949, after the company could not able to work successfully and applied for voluntary winding up by the Vodafone Idea Limited which holds 51% in ABIP bank and remaining 49% by Grasim Industries Limited.

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S.no Current Affairs 9 September 2020
1 Kerala tops literacy rate chart with 96.2%; Andhra Pradesh worst performer at 66.4%: NSO
2 STEPapp Partnered with MoTA to Implement Gamified Learning App in Tribal Schools
3 CSIR-CMERI and NISE Signed MoU Virtually to Strengthen Solar Energy Sector Across India
4 NITI Aayog constitutes Multidimensional Poverty Index Coordination Committee (MPICC) to be chaired by Ms Sanyukta Samaddar
5 Prime Minister Modi E-Inaugurates Patrika Gate in Jaipur
6 US-India-Israel summit held virtually; Decision taken for Trilateral Collaboration on 5G Tech
7 Himachal Pradesh, World Bank Sign $82 million Loan Deal for HP State Roads Transformation Project
8 Bank of India launched “Signature Visa Debit Card” for High Net Worth Individuals
9 RBI Accepted Kamath Panel Recommendations; Specifies Parameters for Loan Restructuring
10 Mahindra Finance Enters Online Insurance Broking; to Launch a portal, PayBima
11 Fitch Projected India’s Economy to Contract 10.5% in FY20-21 from -5%
12 India’s GDP to Contract by 11.8% in FY21; Rebound to 9.9% in FY22 : India-Ra
13 NSDC, LinkedIn partner to impart free digital skills training
14 Govind Swarup, Father of India’s Radio Astronomy & Padma Shri Awardee Passed Away at 91
15 Radha M Nair’s New Book Titled “Breaking the Cocoon @ 40”
16 International Literacy Day 2020 – September 8
17 1st ever Cannabis Medicine Project to be Set up in Collaboration of Canada at CSIR-IIIM, Jammu: Jitendra Singh
18 ‘Operation Green’s TOP to TOTAL’ scheme to cover all Fruits & vegetables in J&K
19 YS Jagan Mohan Reddy Launched 2 Nutrition Schemes to Provide Nutrition Food to Women & Children
20 Haryana CM Launches 1st of its Kind Educational Chatbot “Apka Mitra” & Online Admission Platform for UG courses
21 Union Minister Hardeep Singh Puri and Kerala CM Inaugurate Thykoodam-Petta, Final stretch of Kochi Metro-Phase-I
22 RBI ceased Banking operations of Aditya Birla Idea Payments Bank

AffairsCloud Today September 9 2020