12th December 2020 Current Affairs


Daily GK Update of twelfth December 2020 masking the next information headlines: Time’s ‘Person of the Year, APVAX, RBL Bank, ICICI Prudential, Water Impact Summit.

Daily GK updates are included with the necessary information that made the present affairs headlines for banking or different aggressive exams. Daily GK Update is the whole bag of the necessary information that held all day lengthy. One ought to have full information concerning the banking phrases, present affairs information, and many others. 

International News

1. Joe Biden, Kamala Harris collectively named Time’s ‘Person of the Year’ 2020

  • US President-elect, Joe Biden and Vice President-elect Kamala Harris have been collectively named Time journal’s 2020 “Person of the Year”.
  • The TIME journal releases the annual listing since 1927, to recognise an individual or organisation who affected the information or impacted the nation and world essentially the most, for higher or worse, through the calendar yr.
  • Apart from this, Time journal has named the Korean pop group BTS as its Entertainer of the Year, and basketball star LeBron James as Athlete of the Year.
  • Zoom founder Eric Yuan was aptly named Businessperson Of The Year, because the video communications firm has come to outline the best way hundreds of thousands have linked with one another through the pandemic.

2. ADB launches $9 bn “APVAX” for Developing Countries

  • The Manila-based Asian Development Bank (ADB) has launched an initiative referred to as, the Asia Pacific Vaccine Access Facility (APVAX), for its creating member nations. The financial institution has allotted USD 9 billion for APVAX.
  • APVAX will play a essential function in serving to our creating members meet these challenges, overcome the pandemic, and deal with financial restoration.
  • Through APVAX, the ADB will provide speedy and equitable assist to its creating members, who want financing to obtain vaccines in addition to provide applicable plans and information to have the ability to safely, equitably and effectively handle and ship the COVID-19 vaccine.

Business News

3. RBL Bank, ICICI Prudential be part of arms for Bancassurance partnership

  • RBL Bank and ICICI Prudential have joined arms beneath a bancassurance partnership. 398 RBL Bank branches throughout 28 states will distribute ICICI Prudential Life’s safety and financial savings merchandise.
  • The safety merchandise of ICICI Prudential Life will assist the financial institution’s prospects to develop a robust monetary plan and its long-term financial savings merchandise will assist the purchasers of the financial institution to realize their monetary targets.
  • This partnership will enable greater than 8.7 million prospects of RBL Bank to entry and buy ICICI Prudential Life’s customer-centric safety and long-term financial savings merchandise.
  • It offers monetary safety to the purchasers and their households by life insurance coverage cowl.
  • It will deepen and strengthen the multi-channel distribution community of ICICI Prudential Life.
  • It can even speed up the worth creation for the financial institution and ICICI Prudential Life.

Important takeaways for all aggressive exams:

  • RBL Bank Ltd Incorporated: 1943, beneath the Indian Companies Act, 1913
  • RBL Bank Ltd MD and CEO: Vishwavir Ahuja.
  • RBL Bank Ltd Headquarters: Mumbai, Maharashtra.
  • RBL Bank Ltd Tagline: Apno Ka Bank.
  • The financial institution’s identify was modified from ‘The Ratnakar Bank Limited’ to ‘RBL Bank Limited’ in August 2014.
  • ICICI Prudential Life Insurance Ltd Commenced Operations: 2001.
  • ICICI Prudential Life Insurance Ltd HeadvertOffice: Mumbai, Maharashtra.
  • ICICI Prudential Life Insurance Ltd MD & CEO: N S Kannan.

Summits and Conferences News

4. fifth India Water Impact Summit begins

  • The fifth India Water Impact Summit (IWIS) kicked off on tenth December 2020 nearly. The occasion was inaugurated by Ratan Lal Kataria, Minister of State for Jal Shakti. The goal of IWIS 2020 is Comprehensive Analysis and Holistic Management of Rivers and Water Bodies.
  • IWIS 2020 has been organised by the National Mission for Clean Ganga (NMCG) and the Centre for Ganga River Basin Management and Studies (cGanga) to debate water-related points and steps taken to save lots of the planet’s most treasured useful resource.
  • The theme of IWIS 2020 is Arth Ganga: River Conservation Synchronised Development.
  • The convention could have a complete evaluation and assessment of river rejuvenation and native river. It can even have deliberation about Arth Ganga, i.e. how river conservation synchronised growth can happen.

5. PM Narendra Modi addresses International Bharati Festival 2020 nearly

  • Prime Minister Narendra Modi has addressed the International Bharathi Festival 2020 by video conferencing.
  • The competition was organised by Vanavil Cultural Centre in Chennai to have fun the 138th delivery anniversary of Mahakavi Subramanya Bharathi, an eminent author, poet and journalist from Tamil Nadu.
  • Prime Minister Narendra Modi additionally conferred the 2020 Bharathi Award to the famous author Seeni Viswanathan, who’s credited with compiling the voluminous works of Bharathi in chronological order.
  • The Bharathi Award is conferred yearly since 1994, to eminent individuals who’ve finished laudable service in any discipline of social relevance.

Science and Technology News

6. BSNL launches World’s 1st Satellite-based Narrowband-IoT Network

  • Bharat Sanchar Nigam Limited (BSNL) has partnered with Skylotech India (Skylo), a worldwide machine connectivity options firm, to launch satellite-based slender band-Internet of issues (NB-IoT).
  • This initiative is the world’s first satellite-based NB-IoT community.
  • The new indigenous IoT resolution has been developed by Skylo and can join with BSNLs satellite- floor infrastructure to offer PAN-India protection, together with Indian seas. To start with, the answer shall be prolonged to fishermen, farmers, building, mining and logistics enterprises.
  • The resolution is consistent with BSNL’s imaginative and prescient to leverage expertise to offer reasonably priced and revolutionary telecom providers and merchandise throughout India’s core sectors.

Important takeaways for all aggressive exams:

  • Bharat Sanchar Nigam Limited Chairman & MD: Pravin Kumar Purwar.
  • Bharat Sanchar Nigam Limited Headquarters: New Delhi.

Important News

7. International Day of Neutrality: 12 December

  • International Day of Neutrality is a United Nations acknowledged day held on December 12 every year to lift public consciousness of the worth of neutrality in worldwide relations.
  • It was formally declared by a UN General Assembly decision adopted in February 2017 and first noticed on December 12, 2017.

8. International Universal Health Coverage Day: 12 December

  • International Universal Health Coverage Day is a United Nations’ acknowledged worldwide day celebrated yearly on December 12.
  • The Day goals to lift consciousness of the necessity for robust and resilient well being techniques and common well being protection with multi-stakeholder companions.
  • This yr theme of International Universal Health Coverage Day is ‘Health For All: PROTECT EVERYONE’. The theme displays that to finish this disaster (COVID-19) and construct a safer and more healthy future, we should put money into well being techniques that defend us all—now.


9. Italy’s 1982 World Cup hero Paolo Rossi passes away

  • Paolo Rossi of Italy, who scored 6 targets within the 1982 World Cup, handed away.
  • He is the one male participant in historical past to win the World Cup, the Golden Boot, the Golden Ball and Ballon d’Or in the identical yr. In 1982 was Italy’s first victory after 1938.

Miscellaneous News

10. Lakshadweep turns into India’s 1st UT to be declared 100% Organic

  • The Ministry of Agriculture has declared Lakshadweep as India’s first Union Territory to turn out to be 100 per cent natural.
  • All farming exercise within the UT is carried out with out the usage of artificial fertilisers and pesticides, which offers entry to safer meals decisions and making agriculture a extra environment-friendly exercise.
  • Lakshadweep is second solely to Sikkim, which was India’s first state to be declared fully natural. This comes after the UT obtained correct certifications and declarations beneath the Centre’s Paramparagat Krishi Vikas Yojana (natural farming enchancment programme).

Important takeaways for all aggressive exams:

  • Lakshadweep Capital: Kavaratti.
  • Lakshadweep Administrator: Praful Khoda Patel.