23rd December 2020 Current Affairs


GK Update of twenty third December 2020 overlaying the next information headlines: Bengal Basin, GRIHA Summit, ADB, UN Women, Assocham, Andaman and Nicobar, NCAER.

National News

1. Dharmendra Pradhan dedicates Bengal’s 1st oil and fuel reserve ‘Bengal Basin’

  • Union Petroleum & Natural Gas Minister, Dharmendra Pradhan has devoted West Bengal’s first oil and fuel reserve, ‘Bengal Basin’, to the nation.
  • The Bengal Basin is explored and owned by Oil and Natural Gas Corporation (ONGC). It is the eight producing basins of India by ONGC.
  • The others are Krishna-Godavari (KG), Mumbai Offshore, Assam Shelf, Rajasthan, Cauvery, Assam-Arakan Fold Belt and Cambay.
  • Oil and Natural Gas Corporation (ONGC) Limited commenced the manufacturing of crude oil from the Asokenagar-1 properly, Bengal Basin in 24 Paragana district of the state on 20 December 2020.

Important takeaways for all aggressive exams:

  • Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.

Summits and Conferences News

2. twelfth GRIHA Summit of TERI Concludes

  • The twelfth GRIHA (Green Rating for Integrated Habitat Assessment) Summit was held just about. It was inaugurated by Vice President of India Venkaiah Naidu just about.
  • The Summit gives a platform to deliberate on progressive applied sciences and options to assist in creating strong mechanisms for growing sustainable and resilient options for the good thing about your entire neighborhood.
  • The theme of the Summit was “Rejuvenating Resilient Habitats”. It is the annual flagship occasion organized by GRIHA Council in affiliation with ‘key stakeholders in the construction industry’ to debate and deliberate on the furtherance of Sustainable Habitat Development in India.

Agreements News

3. ADB declares Rs 2100 crore mortgage to Tripura

  • The Asian Development Bank (ADB) has introduced to supply Rs 2,100 crore mortgage to the Tripura authorities for the event of city areas and tourism within the northeastern state.
  • From the entire fund of Rs 2,100 crore, Rs 1600 crore might be for city growth and Rs 500 crore for the tourism sector.
  • Under this, all 20 city native our bodies in Tripura can be lined and within the tourism sector, all tourism locations, roads resulting in them and vacationer services can be lined.

Important takeaways for all aggressive exams:

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.
  • ADB Established: 9 December 1966.

4. UN Women and Kerala govt tie-up for India’s 1st Gender Data Hub

  • The UN Women and Kerala authorities have collaborated to ascertain India’s first Gender Data Hub. A Memorandum of Understanding (MoU) was signed on this regard within the presence of Kerala Chief Minister Pinarayi Vijayan.
  • Three key areas of co-operation, as specified within the MoU, might be organising the Gender Data Centre at The Gender Park, launching the second version of the International Conference on Gender Equality, and rising engagement on the worldwide normative frameworks on gender equality and empowerment of girls.

Important takeaways for all aggressive exams:

  • Chief Minister of Kerala: Pinarayi Vijayan; Governor: Arif Mohammad Khan.

Appointments News

5. Vineet Agarwal takes over as new Assocham President

  • Managing Director of logistics main Transport Corporation of India Limited, Vineet Agarwal has taken over as the brand new President of The Associated Chambers of Commerce and Industry of India (Assocham).
  • He replaces Niranjan Hiranandani, Co-Founder and MD, Hiranandani Group of Companies. Sumant Sinha, Chairman and Managing Director of ReNew Power, is the brand new Senior Vice-President of Assocham.

Important takeaways for all aggressive exams:

  • Assocham Headquarters: New Delhi;
  • Assocham Founded: 1920.

6. Satyendra Garg assumes Andaman and Nicobar DGP cost

  • Senior IPS officer, Satyendra Garg has assumed Andaman and Nicobar DGP cost. Garg, a 1987-batch IPS officer was posted as joint secretary within the Union dwelling ministry.
  • He was handing the North East division within the dwelling ministry as a joint secretary earlier than being repatriated to his cadre.

Schemes and Committees News

7. Amit Shah to guide the panel on Netaji’s a hundred and twenty fifth delivery anniversary occasion

  • The Union Government has determined to represent a High-Level Committee (HLC) to commemorate the a hundred and twenty fifth Birth Anniversary of Netaji Subhas Chandra Bose. The High-Level Committee might be headed by the Union Home Minister,  Amit Shah.
  • This HLC will determine on the actions for a one-year-long commemoration starting 23 January 2021, as a tribute and mark of gratitude to the contribution made by Netaji in India’s freedom wrestle.
  • The different members of the High-Level Commemoration Committee will embody consultants, historians, authors, relations of Netaji Subhas Chandra Bose, in addition to eminent individuals related to Azad Hind Fauj/INA.

Banking News

8. ICICI Bank launches on-line portal ‘Infinite India’

  • ICICI Bank has launched an internet platform ‘Infinite India’ to help international firms to ascertain or increase enterprise in India.
  • The one-stop portal will provide banking options in addition to value-added companies such because the incorporation of a enterprise entity, company filings, licences and registrations, HR companies, compliances and taxation amongst others.
  • Through this initiative, ICICI financial institution goals to strengthen its place within the multinational companies (MNC) phase. The initiative is a part of our technique to additional strengthen our technology-enabled choices aimed to companion with international firms coming to India.

Important takeaways for all aggressive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

9. BoB indicators MoU with defence forces named “Baroda Military Salary package”

  • Bank of Baroda (BoB) has signed a memorandum of understanding (MoU) with Indian Navy and Indian Coast Guard below which the financial institution would provide customised companies together with a number of services to account holders.
  • The financial institution has additionally renewed its current MoU with the Indian Army to supply specifically customised banking companies by ”Baroda Military Salary Package”.
  • Services below ”Baroda Military Salary Package might be provided to serving and retired personnel of Indian Armed Forces by the Bank”s community of over 8,200 home branches and round 20,000 enterprise correspondent touchpoints.

Important takeaways for all aggressive exams:

  • Bank Of Baroda Headquarters: Vadodara, Gujarat, India.
  • Bank Of Baroda Chairman: Hasmukh Adhia.
  • Bank Of Baroda MD & CEO: Sanjiv Chadha.

Economy News

10. NCAER tasks India’s GDP to contract 7.3% in FY21

  • The National Council of Applied Economic Research (NCAER) has projected the Indian economic system to contract 7.3 per cent in FY21, in comparison with -12.6% forecast in September 2020.
  • The Delhi primarily based financial assume tank launched its mid-year overview of the Indian economic system just about on 21 December 2020.

Awards News

11. Donald Trump Honours PM Modi With Top US Honour ‘Legion Of Merit’

  • US President Donald Trump has offered America’s highest navy ornament, ‘The Legion of Merit’, to Prime Minister Narendra Modi.
  • The prestigious Legion of Merit was given to Prime Minister Narendra Modi for his management in elevating strategic partnership of the 2 nations.
  • The award was accepted by India’s Ambassador to the US, Taranjit Singh Sandhu on behalf of the prime minister from the US National Security Advisor Robert O’Brien on the White House on 21 December 2020.

Important Days

12. India Observes National Farmer’s Day on December 23

  • National Farmer’s Day (Kisan Diwas) is noticed yearly on 23 December in India to recollect the position of Indian farmers within the economic system.
  • The day is noticed to mark the delivery anniversary of former Prime Minister Chaudhary Charan Singh. He introduced farmer-friendly insurance policies and labored in the direction of the welfare of the farmers. He was the fifth Prime Minister of India and served the nation as Prime Minister from 28 July 1979 to 14 January 1980.