Saturday 19 December 2020
Nineteenth December 2020 overlaying the next information headlines: Mega leather-based park, Goa Liberation Day, SBI General Insurance, ICRA, Human Freedom Index 2020.
State News
1. Mega leather-based park with Rs 5,850 cr funding to return up in Kanpur
- Mega leather-based park to return up in Ramaipur village of Kanpur with an funding of Rs 5,850 crores.
- The park, a part of the mega leather-based cluster venture will create 50,000 direct jobs & oblique employment for 1.5 lakh individuals.
- Recently, the venture has acquired approval from the Union Commerce Ministry. The mega leather-based cluster venture will entice an funding of about Rs 13,000 crores.
Important takeaways for all aggressive exams:
- Uttar Pradesh Capital: Lucknow.
- Uttar Pradesh Governor: Anandiben Patel.
- Uttar Pradesh Chief minister: Yogi Adityanath.
2. Goa Liberation Day: 19 December
- Goa Liberation Day is noticed on 19 December yearly in India and it marks the day Indian armed forces freed Goa in 1961 following 450 years of Portuguese rule.
- Goa Liberation Day is marked by an abundance of occasions and festivities in Goa although this time due to the pandemic the celebrations are anticipated to be muted.
- A torchlight procession is ignited from three totally different areas within the state, finally all assembly on the Azad Maidan.
- The Portuguese colonised a number of elements of India in 1510 however by the top of the Nineteenth-century Portuguese colonies in India have been restricted to Goa, Daman, Diu, Dadra, Nagar Haveli and Anjediva Island.
Important takeaways for all aggressive exams:
- Goa Capital: Panaji.
- Governor of Goa: Bhagat Singh Koshyari.
- Chief Minister of Goa: Pramod Sawant.
Agreement News
3. SBI General Insurance, IntrCity RailYatri associate to supply ₹5L journey cowl
- SBI General Insurance partnered with IntrCity RailYatri, to supply journey insurance coverage of ₹5 lakh on tickets for bus commuters opting to journey via IntrCity RailYatri. The journey cowl is obtainable on shopping for the ticket.
- Under this partnership, SBI General insurance coverage will present all kinds of protection together with unintended demise, everlasting whole incapacity, and medical evacuation.
Important takeaways for all aggressive exams:
- SBI General Insurance CEO: PC Kandpal.
- IntrCity RailYatri CEO: Manish Rathi.
Economy News
4. ICRA Projects Indian economic system to contract 7.8% in FY21
- The home score company, ICRA Ratings expects the technical recession within the nation’s economic system to finish within the fourth quarter of the present fiscal, limiting the contraction within the GDP to 7.8 per cent within the monetary yr 2021.
Banking News
5. RBI imposes Rs 50 lakh effective on Urban Co-operative Bank in Kerala
- The Reserve Bank of India (RBI) has imposed a financial penalty of Rs 50.00 lakh on The Urban Co-operative Bank Ltd in Kerala.
- This effective is imposed for non-compliance with instructions issued on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs.
- Statutory inspection of the financial institution as regards to its monetary place as on March 31, 2019, performed by RBI, revealed that the financial institution had not complied with the instructions, the central financial institution mentioned in a press release.
- A discover was issued to the financial institution asking why penalty shouldn’t be imposed for non-compliance with the instructions issued by RBI.
Important takeaways for all aggressive exams:
- RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
Business News
6. GoI and ADB signal 4.21 million greenback PRF facility for Tripura
- The Government of India and the Asian Development Bank (ADB) have signed a US $4.21 million venture readiness financing (PRF) facility for the preparation of infrastructure improvement initiatives to enhance city facilities and develop tourism infrastructure in Tripura.
- This is ADB’s first PRF facility for a state within the northeastern area of India.
- The facility will help the Tripura Government’s priorities of enhancing city companies and tourism infrastructure that can assist enhance financial improvement.
- The facility goals to make sure excessive readiness of ensuing infrastructure initiatives via feasibility research, making ready detailed engineering designs, and capability constructing of state-level businesses whereas making certain local weather and catastrophe resilience and sustainability of sub-projects.
7. Paytm launches 24×7 RTGS cash switch for retailers
- Digital monetary companies platform Paytm has launched a 24×7 RTGS facility to help the businesses that make high-value transactions.
- It additionally allows companies to make bulk and instantaneous cash transfers to their staff, distributors & companions. Customers can immediately make bulk funds to Bank Accounts, UPI addresses, and Paytm Wallets via Paytm Payouts’ APIs and Paytm for Business Dashboard.
- Paytm Payout is the one service supplier that gives seamless around the clock cash transfers via Wallet, UPI, IMPS, NEFT & RTGS.
Important takeaways for all aggressive exams:
- Paytm HQ: Noida, Uttar Pradesh;
- Paytm Founder & CEO: Vijay Shekhar Sharma.
8. ADB and India signal $300 million mortgage to improve energy initiatives in UP
- The Asian Development Bank (ADB) has signed $300 million mortgage settlement with the Government of India to improve rural energy distribution networks in Uttar Pradesh.
- This upgradation helps to supply dependable electrical energy provide to customers within the state.
- This is the primary tranche of the mortgage for the Uttar Pradesh Power Distribution Network Rehabilitation Project.
- Overall, the $430 million multi-tranche financing facility (MFF) has been authorised for the venture constituting two tranches.
- The venture envisages conversion of 65,000 kilometres (km) of rural low-voltage distribution strains from naked conductors to aerial bundled conductors (ABC) to create a sturdy distribution community that can profit an estimated 70 million individuals in 46,000 villages.
Ranks and Reports News
9. India ranks 111 in Human Freedom Index 2020
- A worldwide rating of civil, financial and private freedom, the Human Freedom Index 2020 was launched.
- India was positioned on the 111th spot out of 162 nations. In 2019, India ranked 94 on the index.
- The first three spots have been bagged by New Zealand, Switzerland and Hong Kong. The United States and the United Kingdom are tied on the seventeenth spot on the index. War-torn Syria ranked the final on the record.
- India’s scored 6.30 out of 10 in private freedom and 6.56 in financial freedom. The nation’s general human freedom rating was 6.43.
- However, India has been ranked forward of China and Bangladesh, which ranked 129 and 139 on the 2020 index respectively.
Awards News
10. India’s Vidyut Mohan named amongst ‘Young Champions of the Earth’ by UNEP
- Vidyut Mohan was one of many “Young Champions of the Earth” winners by United Nations Environment Programme.
- A 29-year-old Indian entrepreneur is among the many seven winners of the distinguished “Young Champions of the Earth” 2020 prize given by the UN setting company to world change-makers utilizing progressive concepts and bold motion to assist resolve among the world’s most urgent environmental challenges.
- The prize is yearly awarded to 7 entrepreneurs underneath age 30.
11. Ratan Tata to be honoured with ‘Global Visionary of Sustainable Business and Peace’ award
- Veteran industrialist, Ratan Tata will probably be honoured by the Indo-Israel Chambers of Commerce for selling innovation that helps sustainability and peace within the area, together with with the Palestinians.
- The chairman emeritus of the Tata group will probably be honoured with ‘Global Visionary of Sustainable Business and Peace’ award in the course of the launch of the Federation of Indo-Israel Chamber of Commerce’s worldwide chapter in Dubai on December 21.
Sports News
12. Mohammad Amir introduced his retirement from worldwide cricket
- Pakistan’s star pacer, Mohammad Amir has introduced his retirement from worldwide cricket citing ‘mental torture’ by the administration as the explanation behind his choice. Left-arm quick bowler Amir made his worldwide debut in July 2009.
- In his ODI debut, in the identical month, Amir bagged 3 wickets for 45 runs in his 10 overs, saying the beginning of a star profession. However, his doubtlessly large profession was hindered by his notorious match-fixing involvement with Salman Butt and Mohammad Asif.
13. Mauritian badminton participant Foo Kune banned for 2 years by CAS
- The Court of Arbitration for Sport (CAS) has banned Mauritian badminton participant Kate Jessica Foo Kune for two years for an anti-doping violation.
- Foo Kune examined constructive for a banned steroid in the course of the 2019 African Badminton World Championships in Port Harcourt, Nigeria, however a Badminton World Federation (BWF) panel dominated she bore no fault or negligence.
- The 27-year-old escaped sanction after contending that her constructive check was the results of sabotage and that her water had been spiked by an “ill-intentioned individual”.
Important takeaways for all aggressive exams:
- Court of Arbitration for Sport President: John Coates;
- Court of Arbitration for Sport HQ: Lausanne (Switzerland).