1st October Current Affairs 2020 in English

National News

1. Shri Thaawarchand Gehlot e-launches “ASIIM”

• Union Minister for Social Justice and Empowerment Shri Thaawarchand Gehlot e-launched the “Ambedkar Social Innovation and Incubation Mission (ASIIM)”.
• The mission has been launched below the Venture Capital Fund for Scheduled Castes (SCs) in an effort to promote innovation and enterprise amongst SC college students learning in greater instructional establishments.
• The Objective of this fund is to offer concessional finance to the entities of the SC entrepreneurs.
• Under this fund, 117 firms promoted by SC entrepreneurs have been sanctioned monetary help to arrange enterprise ventures.
• Under the identify “Ambedkar Social Innovation Incubation Mission (ASIIM)” initiative, 1,000 SC youth could be recognized within the subsequent 4 years with start-up concepts by means of the Technology Business Incubators (TBIs) in numerous greater instructional establishments.

2. Kiren Rijiju launches new emblem of Sports Authority of India

• The Minister of State for Youth Affairs and Sports, Kiren Rijiju has launched the brand new emblem of Sports Authority of India’s (SAI) on 30 September 2020 at Delhi’s Major Dhyan Chand Stadium.
• The new emblem of SAI encompasses a flying determine which signifies the liberty an athlete to leapfrog his/her profession in SAI.
• The determine options Indian Tricolour and blue color of the chakra.
• The emblem signifies SAI’s journey of metamorphosis from figuring out and nurturing grassroots stage sporting expertise to creating sporting excellence within the nation.

Important takeaways for all aggressive exams:

• Director-General of  SAI: Sandip Pradhan.
• Sports Authority of India was established in 1984.

State News

3. Union Minister launches numerous companies for farmers in Andhra Pradesh

• Union Minister for Chemicals & Fertilizers Shri. D.V. Sadananda Gowda has launched POS 3.1 software program, SMS Gateway and Home Delivery facility of Fertilizers (RBK) for farmers in Andhra Pradesh.
• Under POS 3.1 model, maintaining in view of prevailing pandemic situation, contactless OTP primarily based authentication choice has been launched. Farmer will be capable to buy fertilizer with out touching finger print sensor.
• The SMS Gateway will periodically ship SMS to farmer about availability of fertilizer at retail outlet from the place he final bought the fertilizer.
• Under an initiative of Home supply of Fertilizers in Andhra Pradesh by means of Rythu Bharosa Kendralu (RBK) state Government has launched 10,641 Rythu Bharosa Kendralu (RBKs) in all gram panchayats to offer farmers with high quality inputs and allied companies.

Important takeaways for all aggressive exams: 

• Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

4. Gujarat govt indicators MoU with Denmark in water sector

• Gujarat Government has signed a 5-year Memorandum of Understanding (MoU) with Denmark within the water sector.
• The state authorities arm Gujarat Water Supply and Sewerage Board has signed the MoU with ‘Danish Water Forum’ by means of an internet interactive platform.
• This MoU will assist in expertise alternate, coaching, capability constructing, information alternate, cooperation in water provide, wastewater treatment- reuse and water administration between the 2 organizations.
• MoU has been signed for a five-year interval in an effort to arrange the Indo-Danish Water Technology Alliance in Gujarat and contribute to the United Nations’ Sustainable Development Goal -6.

Important takeaways for all aggressive exams:

• Danish Water Forum Chairman: Hans-Martin Friis Moller
• Danish Water Forum HeadQuarters: Hørsholm, Denmark
• Gujarat Chief Minister: Vijay Rupani.
• Gujarat Governor: Acharya Devvrat.

Banking News

5. RBI defers Basel III provisions amid Covid Uncertainty

• The Reserve Bank of India (RBI) has deferred implementation of provisions made below Basel III capital because of uncertainty associated to COVID disaster.
• In this regard, RBI will repel the ultimate tranche of the capital conservation buffer (CCB) and the implementation of internet secure funding ratio (NSFR) by six months i.e. April 1, 2021.
• The capital conservation buffer is an extra pool that banks construct in regular occasions for its use during times of stress. The RBI had requested banks to construct up the capital conservation buffer to the required 2.5% in levels. The final stage of 0.625% was to start out on Sept. 30, 2020. This has now been deferred to April 1, 2021. The RBI had earlier deferred the implementation by six months from March 31, 2020.
• The internet secure funding ratio requires banks to fund their actions with sufficiently secure sources of funding over a time of a 12 months to cut back future funding threat for banks. As per the prescribed timeline, banks have been required to take care of NSFR of 100% from April 1, 2020 however now this deferred it for a second time to April 1, 2021.

RBI elevated the timeline for added market borrowing supplied to states/UTs by 6 months

• In April 2020, RBI elevated the Ways and Means Advances (WMA) Limits and overdraft (OD) rules for states and Union Territories (UTs) to offer extra flexibility for coping with the Covid-19 disaster till September 30, 2020.
• The Reserve Bank of India has set the bounds for Ways and Means Advances (WMA) for the second half of the monetary 12 months 2020-21 (October 2020 to March 2021) for Central Government at Rs. 1,25,000 crore.
• The Reserve Bank will set off contemporary floatation of market loans when the Government of India makes use of 75% of the WMA restrict.
• Now to additional support the state governments from monetary issues, RBI prolonged this timeline by six months i.e. until March 31, 2021.
• Notably, RBI determined to extend the variety of days for which a state/ UT might be in overdraft repeatedly to 21 working days from 14.
• Also, the variety of days for which a state/ UT might be in overdraft in 1 / 4 was elevated to 50 working days from 36.

RBI extends enhanced borrowing restrict for banks below MSF until Mar 31, 2021

• RBI additionally prolonged the improved borrowing facility supplied to banks below the Marginal Standing Facility (MSF) scheme by six months until March 31, 2021.
• It was initially obtainable as much as June 30, 2020, and was later prolonged as much as September 30, 2020, because of financial disruptions amid COVID-19.
• On March 27, this borrowing restrict for scheduled banks was elevated from 2% to three% of their Net Demand and Time Liabilities (NDTL).

6. Indian Bank launched Green-Tech Initiative “IB-eNote”

• Indian Bank has launched a inexperienced initiative named “IB-eNote” to allow a complete paperless working surroundings.
• This device permits processing and monitoring of notes put up by numerous workplaces digitally.
• The financial institution for this initiative has customised SharePoint, one of many options of Microsoft Office. The Bank additionally launched ‘Ind Guru’, an e-learning platform for its workers.
• The IB-eNote facility is more likely to significantly enhance Turnaround Time, save the price of paper, printing and different administrative bills.
• Microsoft is a number one expertise firm that has pioneered many industry-firsts.
• IB-eNote is likely one of the Bank’s many initiatives to advertise digital transformation and to deal with new gen prospects to serve them.
• The financial institution with this initiative is taking one other step to realize better effectivity by repeatedly empowering its greatest asset(human sources/ employees members).

Important takeaways for all aggressive exams: 

• Indian financial institution MD & CEO: Padmaja Chunduru.
• Indian financial institution Headquarters: Chennai, TamilNadu.

Agreements & MoUs

7. Tata Steel & CSIR indicators MoU to collaborate for CCUS

• Tata Steel and Council of Scientific & Industrial Research (CSIR) have signed an MoU to collaborate within the space of Carbon Capture, Utilisation & Storage (CCUS).
• The MoU has been signed contemplating the significance of Carbon Capture, Utilisation & Storage (CCUS) in India’s battle in opposition to Climate Change and Global Warming, assembly the rising power calls for and constructing a robust ecosystem to fulfill commitments below Paris Agreement.
• As a part of this strategic MoU, the groups from Tata Steel and CSIR will work in the direction of accelerating growth and deployment of CCUS applied sciences within the metal {industry}. These applied sciences would expedite transition to a decarbonised economic system in different carbon intensive sectors like Power, Cement, and Fertilizer and so on.

Important takeaways for all aggressive exams:

• CEO & MD of Tata Steel: T. V. Narendran.

8. Yes Bank tie-up with BSE to empower small enterprise firms

• Yes Bank has signed a Memorandum of Understanding (MoU) with Bombay Stock Exchange (BSE) to empower the SME section by means of consciousness and knowledge-sharing programmes.
• Under this MoU, each BSE and Yes Bank will conduct information occasions for SMEs, export promotion of SME scale firms, along with offering banking and monetary options.
• This MoU shall additional entail companies pertaining to the event and imparting industry-specific and associated knowledge-based data.
• The Bank may also provide customised companies and merchandise to the listed SME members of the platform and advisory options to EXIM potential listed SMEs.

Important takeaways for all aggressive exams: 

• Yes Bank CEO: Prashant Kumar
• Yes Bank Headquarters: Mumbai, Maharashtra.

Sports News

9. Alyssa Healy breaks MS Dhoni’s wicketkeeping report in T20Is

• Australian lady cricketer and wicketkeeper, Alyssa Healy broke the report of “Most Dismissal by Wicket Keeper” by MS Dhoni’s who made 91 dismissals in 98 T20 Internationals(T20Is) for India.
• Healy has performed 114 T20Is for Australia and broke the report with 92 dismissals within the shortest format of the sport in the course of the match in opposition to New Zealand within the 2nd T20I of the three-match collection at Allan Border Field at Brisbane, Queensland, Australia.

Important Days

10. International Day of Older Persons: 1st October

• International Day of Older Persons is noticed globally on 1st October yearly.
• The 12 months 2020 marks the seventy fifth Anniversary of the United Nations and the thirtieth Anniversary of the International Day of Older Persons.
• The International Day of Older Persons is a chance to spotlight the vital contributions that older individuals make to society and lift consciousness of the alternatives and challenges of ageing in right this moment’s world.
• The theme of International Day of Older Persons 2020: Pandemics: Do They Change How We Address Age and Ageing?

Miscellaneous News

11. Dr. Harsh Vardhan launches CSIR Technologies for rural growth

• The Minister of Science & Technology, Earth Sciences and Health & Family Welfare, Dr. Harsh Vardhan has launched CSIR Technologies for rural growth below a joint initiative of Council of Scientific & Industrial Research (CSIR), Unnat Bharat Abhiyan (UBA), Indian Institute of Technology Delhi (IITD) and Vijnana Bharti (VIBHA).
• All of the above have deliberate to work collectively on a framework for scientific intervention to create sustainable livelihood alternatives within the rural clusters below synergy of S&T Organizations (CSIR/DST/DBT/DRDO and so on), VIBHA and UBA.
• The Minister additionally launched CSIR-National Institute of Science, Technology and Development Studies (NISTADS) e-Compendium and e-Coffee Table Book, on the event.
• The CSIR-NISTADS is appearing as a nodal CSIR Lab to ascertain linkages between CSIR laboratories, UBA, VIBHA, and stakeholders.

12. Bengal Peerless appoints Sourav Ganguly as model ambassador

• Kolkata primarily based Real Estate Developer, Bengal Peerless Housing Development Company Limited appointed Former National Cricket Team Captain and Current President of Board of Control for Cricket in India (BCCI), Sourav Ganguly because it’s Brand Ambassador.
• He will lead the marketing campaign of Bengal Peerless’s Residential Project Avidipta II.
• Bengal Peerless Housing Development Company Limited was established in 1994 with West Bengal Housing Board and The Peerless General Finance and Investment Company Limited. Since its inception, Bengal Peerless has efficiently constructed about 5000 numbers of dwelling items for individuals of all sections of the society.

13. South Eastern Railway launches ‘Operation My Saheli’

• The South Eastern Railways (SER) has launched the challenge, “Operation my Saheli” to reinforce the safety of girls passengers within the practice all through all the journey from the originating level to their locations.
• Since 18th September 2020, The pilot model of the challenge “Operation my Saheli” has been launched in 3 trains: Howrah-Yesvantpur Duronto Special, Howrah- Ahmedabad Special and Howrah-Mumbai Special.
• ”Operation my Saheli” is executed below the Framework of “Nirbhaya Fund” and no extra expenditure is supplied by the Head of Railways.
• Team of Women Sub Inspectors briefed the ladies passengers on the security precautions and supplied emergency contact numbers.
• The staff will accumulate the knowledge similar to seat quantity and speak to data of the ladies passengers and can stay involved all through the journey.
• The collected data might be handed to the stations on the vacation spot and scheduled stoppage stations.

Important takeaways for all aggressive exams:

• South Eastern Railway General Manager: Sanjay Kumar Mohanty.
• South Eastern Railway Headquarters: Kolkata, West Bengal.

14. Amnesty International halts operations in India

• The Amnesty International India has stopped its operations within the nation, after the federal government of India froze the financial institution accounts of the organisation on September 10, for allegedly breaking guidelines on international funding legal guidelines.
• The group has laid off greater than 100 employees members and ceased its human rights campaigns and analysis work in India.
• As per the Government of India, Amnesty International has been receiving international funds, which the federal government has prohibited below the Foreign Contribution (Regulation) Act (FCRA) 2010.

Important takeaways for all aggressive exams: 

• Amnesty International Headquarters: London, United Kingdom.
• Amnesty International Secretary-General: Kumi Naidoo.