20th November 2020 Current Affairs


GK replace of twentieth November 2020 overlaying the next information headlines: GST Bhawan, World Bank, My Stamp on Chhath Puja, Moody’s, Barclays.

National News

1. Narendra Singh Tomar inaugurates capability constructing element of PM-FME

  • Union Minister for Food Processing Industries, Narendra Singh Tomar has just about inaugurated the capability constructing element of the Pradhan Mantri Formalisation of Micro meals processing Enterprises scheme (PM-FME Scheme).
  • PM-FME Scheme has been launched with an outlay of Rs 10,000 crore for a interval of 5 years from 2020-21 to 2024-25. He additionally launched the GIS One District One Product (ODOP) digital map of India.
  • It offers particulars of ODOP merchandise of all of the states and facilitates the stakeholders to make concerted efforts for its worth chain improvement.
  • The digital map additionally has indicators for tribal, Scheduled Caste (SC), Scheduled Tribe (ST), and aspirational districts.

2. CBIC Chairman Ajit Kumar inaugurates GST Bhawan

  • Central Board of Indirect Taxes and Customs (CBIC) Chairman M. Ajit Kumar, together with members of the Board inaugurated the GST Bhawan, Panchkula,  Haryana.
  • The cutting-edge constructing will home the workplaces of Central GST at Panchkula. It has been constructed at a price of about 31 crores rupees.
  • This is the primary main infrastructure undertaking of CBIC accomplished in these instances of COVID. The constructing is a totally air-conditioned three-storied constructing constructed on a plot of about 1.4 acres with 7600 sq. metres lined space and seating capability of about 200 individuals.

Important takeaways for all aggressive exams:

  • CBIC Founded: 1 January 1964.
  • CBIC Headquarters: New Delhi.

3. World Bank Signs $120 Million Project to Improve Connectivity in Meghalaya

  • The Government of India, the Government of Meghalaya and the World Bank has signed a $120-million undertaking to enhance and modernize the transport sector of Meghalaya.
  • This will assist Meghalaya to harness its huge development potential for high-value agriculture and tourism.
  • The $120 million loans from the International Bank for Reconstruction and Development (IBRD), has a maturity of 14 years together with a grace interval of six years.
  • The International Bank of Reconstruction and Development (IBRD) is a improvement financial institution administered by the World Bank.

Important takeaways for all aggressive exams:

  • Meghalaya Chief Minister: Conrad Sangma.
  • Meghalaya Governor: Satya Pal Malik.
  • Meghalaya Capital: Shillong.

4. Ravi Shankar Prasad releases “My Stamp on Chhath Puja”

  • Union Minister of Communications, Electronics & Information Technology and Law and Justice, Ravi Shankar Prasad has launched a “My Stamp on Chhath Puja”.
  • My Stamp is an revolutionary idea initiated by the Department of Posts. Any widespread particular person or company organisation can now ebook order and get a personalised {photograph} or a picture of a Postage Stamp.
  • My Stamp is without doubt one of the distinctive merchandise being provided by India Post, which has gained its recognition within the customised gifting class.
  • My Stamp on Chhath Puja is on the market in all Philatelic bureaus and main submit workplaces throughout the nation. A particular cowl on the theme “Chhath-A symbol of Simplicity and Cleanliness” was additionally launched.

5. Dr Harsh Vardhan addresses thirty third Stop TB Partnership Board meet

  • The Union Health Minister Dr Harsh Vardhan has addressed the thirty third Stop TB Partnership Board assembly in New Delhi by way of Video Conference.
  • During the meet, the minister has harassed on the necessity to create a mass motion for the elimination of TB with strategized advocacy, thought management, disruptive social entrepreneurship, highly effective, societal and political dedication.
  • It should be famous that India is operating the “TB Harega, Desh Jeetega” marketing campaign that targets to realize the Sustainable Development Goal goal associated to TB by 2025, 5 years forward of the worldwide goal of 2030.

State News

6. Vijayanagara turns into thirty first District of Karnataka

  • The world heritage web site of Hampi, the erstwhile capital of the Vijayanagar empire, will quickly be a part of a brand new district.
  • The Karnataka Government has accepted to carve out Vijayanagara as a brand new district of the state.
  • Vijayanagara would be the thirty first district of the State. The new district can be carved out of Ballari and named after the Vijayanagara empire that dominated from this area.

Important takeaways for all aggressive exams:

  • Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.

Economy News

7. Moody’s tasks India GDP at -10.6% for FY21

  • Moody’s Investors Service has revised India’s GDP development forecast to -10.6 per cent for the present fiscal 2020-21 (FY21), in its November 2020 replace, from its earlier estimate of -11.5 per cent in September 2020.
  • For subsequent fiscal 2021-22, Moody’s projected India to develop at 10.8 per cent, as in opposition to the earlier estimate of 10.6 per cent.

8. Barclays Projects India’s GDP at -6.4% in FY21

  • Barclays has revised down its GDP forecast for India within the present fiscal yr 2020-21 (FY21) to – 6.4% from its earlier estimate of  6%.
  • However, Barclays has raised its FY22 (2021-22) development forecast to 8.5 per cent from 7 per cent.

Summits and Conferences

9. 1st India-Luxembourg Virtual Summit

  • The Prime Minister of India,  Narendra Modi, and the Prime Minister of the Grand Duchy of Luxembourg, Xavier Bettel, held the first-ever India-Luxembourg Virtual Summit on 19 November 2020.
  • Both international locations have pleasant relation of over greater than seven many years because the institution of diplomatic relations in 1948. 
  • During the Summit, each events agreed for enhanced cooperation in areas of commerce, finance, metal, house, ICT, innovation, manufacturing, automotive, sustainable improvement, together with by way of renewable vitality, and the combat in opposition to local weather change. Prime Minister welcomed Luxembourg’s announcement to hitch the International Solar Alliance (ISA), and invited it to hitch the Coalition for Disaster Resilient Infrastructure (CDRI).

Ranks and Reports

10. India Ranks 77 in TRACE Bribery Risk Matrix 2020

  • India is positioned at 77th place within the TRACE Bribery Risk Matrix 2020. India has achieved a rating of 45 in a world listing that measures enterprise bribery dangers of 2020.
  • India’s rank stood 78 positions in 2019. It was a greater efficiency than neighbouring nations corresponding to Bangladesh, Pakistan, Nepal and China. But, Bhutan scored higher than India and bought forty eighth place within the listing.
  • North Korea, Turkmenistan, South Sudan, Venezuela and Eritrea had the best industrial bribery danger. Denmark, Norway, Finland, Sweden and New Zealand confirmed the bottom bribery danger.
    The TRACE Matrix listing is launched by TRACE International, an anti-bribery standard-setting organisation, which measures enterprise bribery danger in 194 international locations, territories, and autonomous and semi-autonomous areas.

Awards News

11. Dr Pokhriyal to be conferred with Vatayan Lifetime Achievement Award

  • Union Education Minister, Ramesh Pokhriyal ‘Nishank’ might be conferred with the Vatayan Lifetime Achievement Award.
  • This award might be conferred to the Minister for writing, poetry and different literary works.
  • The Minister has penned greater than 75 books on wide-ranging points, which have additionally been translated into many nationwide and international languages.
  • Vatayan International Awards given by the Vatayan-UK group in London honours poets, writers and artists for his or her exemplary work of their respective fields.

Books and Authors

12. Defence Minister Rajnath Singh unveils two books

  • Defence Minister Rajnath Singh has unveiled two books ‘The Republican Ethic Volume III’ and ‘Loktantra Ke Swar’ that are a set of chosen speeches of President Ram Nath Kovind through the third yr of his presidency.
  • Information and Broadcasting Prakash Javadekar unveiled the e-book variations of the 2 books.
  • Mr Rajnath Singh said that the President’s speeches depict his concern in direction of points corresponding to women schooling, empowerment of girls, and welfare of the weaker sections.
  • All the speeches on this ebook mirror on the self-confidence on this nation.
  • This ebook includes speeches on the nation’s efforts to combat COVID19, the place India is faring a lot better than different international locations, to bravely defending its borders. This compilation of speeches of President Kovind presents a complete image of his work, persona and values.

Important Days

13. World Children’s Day is well known on 20 November

  • World Children’s Day is noticed globally on 20 November yearly.
  • The day is well known to advertise worldwide togetherness, consciousness amongst youngsters worldwide, and enhancing youngsters’s welfare.
  • November twentieth is a crucial date as it’s the date in 1959 when the UN General Assembly adopted the Declaration of the Rights of the Child.
  • World Children’s Day was first established in 1954 as Universal Children’s Day and is well known on 20 November annually.
  • It can be the date in 1989 when the UN General Assembly adopted the Convention on the Rights of the Child.

14. Africa Industrialization Day: 20 November

  • Africa Industrialization Day is well known on November 20 annually. It is a time when governments and different organizations in lots of African international locations study methods to stimulate Africa’s industrialization course of.
  • It can be an event to attract worldwide media consideration to the issues and challenges of industrialization in Africa.
  • Theme 2020: “Inclusive and sustainable industrialisation in the AfCFTA era”.
  • Within the framework of the Second Industrial Development Decade for Africa (1991-2000), the United Nations General Assembly, in 1989, proclaimed 20 November “Africa Industrialization Day”.
  • Since then, the United Nations System has held occasions on that day all through the world to lift consciousness concerning the significance of Africa’s industrialization and the challenges confronted by the continent.