25th & 26th December 2020 Current Affairs


GK Update of twenty fifth and twenty sixth December 2020 overlaying the next information headlines: E-Sampada, PR Insight, Subhadra Local Area Bank, HDFC Bank, Good Governance Day.

National News

1. Union Minister Hardeep Singh Puri launches E-Sampada net portal

  • Housing and Urban Affairs Minister, Hardeep Singh Puri has launched E-Sampada, a brand new net portal and cellular app on Good Governance Day.
  • The new utility supplies a single-window for all of the providers together with an allotment for over one lakh authorities residential lodging, workplace area allotment to authorities organisations in 45 workplace complexes in 28 cities and reserving of 1,176-holiday homerooms.
  • The portal supplies on-line facility to customers throughout India to lodge complaints, submit paperwork and seem for the digital listening to.
  • This is a major step in the direction of the promotion of e-governance to reinforce transparency and accountability in offering numerous property providers like allotment, retention, regularisation and no dues certificates.
  • The real-time info on utilisation of belongings and supply of service will facilitate optimum utilisation of assets.
  • The automated processes will decrease human intervention and can result in better transparency.

State News

2. Punjab Govt launches cellular app and net portal ‘PR Insight’

  • Punjab Chief Minister Captain, Amarinder Singh has launched Mobile Application and net portal referred to as ‘PR Insight’, to enhance the supply of citizen-centric providers, based mostly upon the suggestions of its residents on authorities insurance policies.
  • The primary goal of PR Insight is to re-orient the present schemes and programmes of the state authorities to the folks’s satisfaction after meticulously monitoring their suggestions.
  • PR Insight utility has been developed by the Information & Public Relations Department to supply a single repository & dashboard of all of the information articles & social media posts of the State.

Important takeaways for all aggressive exams:

  • Chief Minister of Punjab: Capt. Amarinder Singh; Governor: V.P. Singh Badnore.

3. Himachal CM unveils 18-feet statue of Vajpayee in Shimla

  • Himachal Pradesh Chief Minister Jai Ram Thakur has unveiled an 18-feet tall statue of late former Prime Minister Atal Bihari Vajpayee on the event of his 96th delivery anniversary on the historic Ridge within the state capital.
  • The statue has been constructed at a price of Rs 1.08 crore. The Ridge Maidan additionally homes statues of Mahatma Gandhi and former prime minister Indira Gandhi.

Important takeaways for all aggressive exams:

  • Chief Minister of HP: Jairam Thakur; Governor of HP: Bandaru Dattatraya.

Banking News

4. RBI cancels the Licence of the Subhadra Local Area Bank, Maharashtra

  • The Reserve Bank of India has cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra to hold on banking enterprise in India.
  • The Reserve Bank cancelled the licence of the Subhadra Local Area Bank Ltd because it had breached the minimal internet value requirement for 2 quarters within the monetary yr 2019-20.
  • The affairs of the Subhadra Local Area Bank Ltd. have been carried out in a way detrimental to the pursuits of its current and future depositors.
  • After this, there are solely two Local Area Banks operational in India, i,e.– Coastal Local Area Bank Ltd and Krishna Bhima Samruddhi LAB Ltd.

Important takeaways for all aggressive exams:

  • Subhadra Local Area Bank Ltd MD & CEO: Sanjay Agrawal.

Economy News

5. Ind-Ra revises India’s GDP contraction to 7.8% for FY21

  • India Ratings and Research (Ind-Ra) has revised India’s GDP estimate for the present monetary yr 2020-21 (FY21) to -7.8 per cent from -11.8 per cent estimated earlier.
  • This decrease contraction charge is especially because of the easing of COVID-19 curbs and better-than-expected restoration within the second quarter.
  • Ind-Ra has additionally estimated the GDP to develop by 9.6% in 2021-22 (FY22).

Business News

6. DFC to take a position USD 54 million in India to help essential infrastructure tasks

  • The United States International Development Finance Corporation (DFC) has introduced to take a position $54 million in India to help the event of essential infrastructure tasks within the nation within the wake of the COVID-19 pandemic.
  • The DFC will make investments this $54 million in fairness for the National Investment and Infrastructure Fund (NIIF) in India.
  • NIIF will use this capital to help financial progress and tackle essential improvement challenges within the nation. This financing is a part of NIIF’s last spherical of fund-raising for the fund.

Important takeaways for all aggressive exams:

  • National Investment and Infrastructure Fund Headquarters: Mumbai, India.
  • National Investment and Infrastructure Fund Founded: February 2015.
  • National Investment and Infrastructure Fund MD and CEO: Sujoy Bose.

Ranks and Reports News

7. HDFC Bank ranks prime amongst 100 BFSI Firms in India

  • HDFC Bank is the top-ranked firm among the many 100 Banking, Financial Services and Insurance (BFSI) firms within the nation, as per the BFSI Movers and Shakers 2020 report by Wizikey.
  • HDFC Bank has topped due to its customer support, financial administration, and progressive choices amid the coronavirus pandemic.
  • ICICI Bank and State Bank of India (SBI) are ranked second and third, respectively. Other prime 10 banks in 2020 Wizikey’s BFSI Movers and Shakers report are Yes Bank, PNB, HSBC Bank, Kotak Mahindra Bank, Bank of Baroda, Deutsche Bank, and IDBI.

Important takeaways for all aggressive exams:

  • Headquarters of HDFC Bank: Mumbai, Maharashtra.
  • MD and CEO of HDFC Bank: Sashidhar Jagdishan(Succeeds Aditya Puri).
  • The tagline of HDFC Bank: We perceive your world.

Sports News

8. FIFA cancels subsequent yr’s U-20, U-17 World Cups

  • FIFA has cancelled males’s U-20 and U-17 World Cup tournaments in 2021 for the novel coronavirus.
  • As a results of the COVID-19 pandemic, the Bureau of the FIFA Council has determined to cancel the 2021 editions of the lads’s FIFA U-20 World Cup and FIFA U-17 World Cup, and to nominate Indonesia and Peru respectively, who have been on account of host the tournaments in 2021, because the hosts of the 2023 editions.
  • So Peru will host the FIFA U-17 World Cup in 2023. In the identical yr, the FIFA U-20 World Cup will likely be held by Indonesia.

Important takeaways for all aggressive exams:

  • President of FIFA: Gianni Infantino; Founded: 21 May 1904.
  • Headquarters: Zürich, Switzerland.

Books and Authors

9. A brand new guide titled ‘Covid-19: Sabhyata ka Sankat aur Samadhan’ launched

  • Nobel laureate Kailash Satyarthi’s new guide titled ‘Covid-19: Sabhyata ka Sankat Aur Samadhan’ (Covid-19: Crisis of Civilisation and Solutions) was launched by former Chief Justice of India Dipak Misra and Rajya Sabha Deputy Chairman Harivansh Narayan Singh. The Hindi guide, revealed by Prabhat Prakashan.
  • The new guide discusses how the Covid-19 pandemic has impacted the widespread lifestyle whereas suggesting options to the continued disaster triggered by the illness.
  • The guide discusses how the pandemic has influenced the schooling system, enterprise, politics, public security, international coverage, legislation, drugs, economic system and improvement of nations.

Important Days

10. Good Governance Day: 25 December

  • In India, Good Governance Day (Sushasan Divas) is noticed yearly on twenty fifth December. In this present day nation celebrates the delivery anniversary of Bharat Ratna and former-Prime Minister Atal Bihari Vajpayee.
  • Good Governance Day was established in 2014 to honour Prime Minister Vajpayee by fostering consciousness among the many Indian folks of accountability in authorities. In retaining with this precept, the Good Governance Day has been declared to be a working day for the federal government.
  • Atal Bihari Vajpayee served because the Prime Minister of India for 3 times. His first time period was for under 13 days in 1996. He served his second time period for a interval of 13 months from March 1998 to April 1999 after which a full time period from 1999 to 2004.
  • His first entry into parliament was in 1962 by the Rajya Sabha. He was elected to the Lok Sabha seven occasions. In 2015, Mr Vajpayee was conferred the Bharat Ratna, India’s highest civilian award.


11. Former England batsman John Edrich passes away

  • Former English first-class batsman John Edrich has handed away. He was amongst one of the best gamers of his era, throughout a profession that ran from 1956 to 1978.
  • He performed 77 check matches for England, and scored greater than 5,000 runs, spanning 13 years between 1963 and 1976. He scored a triple-century throughout a check match in 1965 that’s the fifth-highest Test rating for England.

12. Legendary Urdu poet Shamsur Rahman Faruqi passes away

  • Legendary Urdu poet and critic, Shamsur Rahman Faruqi has handed away, a month after recovering from COVID-19.
  • He acquired Saraswati Samman in 1996 for his work ‘She’r-e Shor-Angez’, a four-volume research of the eighteenth-century poet Mir Taqi Mir. The Government of India awarded him the civilian honour of Padma Shri in 2009.

Miscellaneous News

13. India’s first Lithium refinery to be arrange in Gujarat

  • India’s first Lithium refinery is quickly going to be arrange in Gujarat. Manikaran Power Limited, one of many nation’s largest energy buying and selling and renewable vitality firm will make investments round Rs 1,000 crore to arrange this refinery.
  • The refinery will course of Lithium ore to supply battery-grade materials. Lithium is a uncommon aspect and is often not present in India.
  • Last yr, Manikaran Power had collaborated with Australian agency Neometals to faucet the Mount Marion Lithium mine in Western Australia.
  • The proposed undertaking is anticipated to assist Gujarat safe the uncooked materials provide for home manufacturing of Lithium batteries because it appears to advertise electrical autos.

14. India’s largest hockey stadium to be arrange in Odisha

  • Odisha Chief Minister, Naveen Patnaik has introduced that India’s greatest hockey stadium is being arrange in Rourkela metropolis of Odisha.
  • The stadium will likely be constructed within the Biju Patnaik University of Technology campus, Rourkela.
  • It can have a sitting capability of 20,000 folks, unfold over 15 acres of land.
  • The stadium will likely be developed as a benchmark for different hockey stadiums all over the world.
  • It should be famous that Odisha will likely be internet hosting FIH Men’s Hockey World Cup for a second consecutive time, in 2034, at two venues, Bhubaneswar and Rourkela.

15. Niti Aayog launches Cloud Storage Service ‘DigiBoxx’

  • NITI Aayog has launched indigenously developed India’s first Digital Asset Management and Storage platform, referred to as ‘DigiBoxx’.
  • The initiative will beef up Prime Minister Narendra Modi’s imaginative and prescient of ‘Atmanirbhar Bharat’, as India now has its personal cloud storage platform.
  • This cloud storage and file sharing service will likely be out there for desktop, iOS, and Android customers, together with each common customers in addition to companies.
  • Digiboxx affords free 20GB cloud space for storing, and 100GB area per 30 days at simply Rs 30.Important takeaways for all aggressive exams:
  • Chief Executive Officer of NITI Aayog: Amitabh Kant.
  • Chairperson of NITI Aayog: PM Narendra Modi.