Daily Current Affairs 13 February 2020 for Banking/Insurance/SSC and other related exams.
Vietnamese Vice President arrives in India on three-day visit
Vice President of Vietnam, Dang Thi Ngoc Thinh arrived in New Delhi on a three-day visit to India.
- During the visit, the direct flight between India and Vietnam could be announced.
Patnaik inaugurates BIMSTEC Disaster Management Exercise in Bhubaneswar
Odisha CM Chief Minister Naveen Patnaik on Tuesday inaugurated Seven Nation BIMSTEC Disaster Management Exercise – 2020, which will take place from February 11 to 13 in Odisha.
- Representatives of BIMSTEC member countries from Sri Lanka, Nepal, Bangladesh, Myanmar and India participating in the exercise, Bhutan and Thailand are not participating this time.
BANKING & FINANCE
Induslnd Bank records highest growth in brand value among top global banks
Induslnd Bank has topped the list of highest increase in brand value among global banks, according to The Banker’s Top 500 Banking Brands 2020 report.
- As per the Report, which benchmarks the strength, risk and potential of a brand relative to its competitors, the brand value of Induslnd Bank has increased by 122% over the past 12 months, making it the highest placed for growth in brand value, across the globe.
BUSINESS & ECONOMY
India Inc’s foreign investment jumps 40% to USD 2.10 bn in January
According to data by the Reserve Bank, Investments by Indian firms in foreign countries in January 2020 rose by nearly 40 per cent to USD 2.10 billion on a yearly basis.
- Of the total capital invested by the India Inc in January this year, USD 793.82 million was in the form of equity capital, USD 368.55 came in as debt capital, while the rest USD 890.75 million was through the issuance of guarantee.
Edappadi Palaniswami inaugurates SCF cricket ground in Salem
Tamil Nadu Chief Minister Edappadi Palaniswami inaugurated the Salem Cricket Foundation (SCF) cricket ground in Valapadi, Salem. A whooping amount of 8 crore rupees was used for the construction of the cricket ground. The ground was built on behalf of Salem Cricket Foundation.
FIFA, FIFPRO to launch global fund for salary protection of players
FIFA and FIFPRO (World Players’ Union) will be launching a global fund for football players to provide financial support to players who have not been paid and have no chance of duly receiving the wages agreed with their clubs.
- FIFA has set aside USD 16m for the fund up to 2022, and the allocation will be divided as follows: USD 3m in 2020, USD 4m in 2021 and USD 4m in 2022, plus a further USD 5m set aside for the retroactive protection of players’ salaries for the period between July 2015 and June 2020.
South Indian Bank bags IBA awards
South Indian Bank has bagged two awards at the Banking Technology 2019 awards instituted by the Indian Banks’ Association. This event was held in Indian Bank Association’s 15th Annual Banking Technology Conference, Expo and Awards held in Mumbai, Maharashtra.
- The South Indian Bank emerged the winner in the ‘Most Customer-Centric Bank Using Technology’ category and runner up in the ‘Best Payments Initiative’ category amongst small Banks’.
ACQUISITIONS & MERGERS
Facebook buys start-up that uses AI vision to find location
Facebook has acquired Scape Technologies a London-based computer vision start-up working on location accuracy beyond the capabilities of GPS.
- The start-up’s cloud-based ‘Visual Positioning Service’ translates images into 3D maps that deliver a precise outdoor location across entire cities.
Competition Commission gives nod for Mahindra & Mahindra, Ford Motor joint venture
The Competition Commission has approved Mahindra & Mahindra’s acquisition of majority stake in a wholly-owned subsidiary of Ford Motor Co, which will create a joint venture in the country.
- In October last year, M&M said it would buy 51 per cent stake in Ardour Automotive Pvt Ltd for around ₹657 crore.
SCIENCE & TECHNOLOGY
President Kovind presents President’s Colour to INS Shivaji
President Ram Nath Kovind presented ‘President’s Colour’ to the INS Shivaji at a ceremony in Lonavala.
- The Presentation of Colour or Standards by the Supreme Commander of the Armed Forces is an acknowledgement of the unit’s meritorious service.
- INS Shivaji was commissioned in 1945. It is now the premier technical training establishment of the Indian Navy with the motto Kar-masu Kaushalam
Largest air quality monitoring network of India to be installed in Mumbai
Mumbai to get India’s largest air quality monitoring network. The project is likely to be finished over the next five years.
- The ambitious project will be funded by the BMC and private players. BMC is planning to invest ₹9.5 crores to install 80 real-time air monitoring stations.
Aerospace firm Ananth Technologies to build foreign-owned satellites in India
Aerospace firm Ananth Technologies has signed deals to build six foreign-owned satellites in India, a first by a private firm as it taps the country’s low-cost base to make satellites for global customers.
- The Hyderabad-based Ananth, a supplier of systems for the Indian Space Research Organisation’s (Isro) satellites, is opening a full-fledged satellite making facility later this month in Bengaluru, where it will build satellites weighing between 50 kg and 250 kg for customers in Sweden and France
Designer Wendell Rodricks passes away
Goa-based fashion designer and Padma Shri winner Wendell Rodricks, who had dressed stars like supermodel Mehr Jesia, Lisa Ray and Malaika Arora among others passed away at his Goa home. He was 59 years old.
- Rodricks was an A-list designer, who was also known as an activist for various social causes, the environment and gay rights.
Veteran Journalist Nandu R Kulkarni passes away
Veteran journalist Nandu R Kulkarni, the Bureau Chief of the Kolkata-based newspaper The Statesman passed away following a heart attack at a hospital. He was 69.
- Having started his career as an intern with ‘The Indian Express’ in 1976, Nandu as he was known in journalistic circles used to report on economic offences.He was with “The Indian Express” for 16 years.
BOOKS & AUTHORS
Dharmendra Rai’s book “The Thin Mind Map Book” launched
Dharmendra Rai, a mind mapping & brain literacy pioneer just launched his book THE THIN MIND MAP BOOK.
- The book is designed to make anyone an expert in mind mapping by devoting 2 full days to reading and doing all the experiential exercises mentioned in the book.He has conducted more than, which is a world record.