Daily Current Affairs 16th December, 2020

Daily Current Affairs 16 December 2020 for Banking/Insurance/SSC and other related exams.


PM Modi Lights ‘Swarnim Vijay Mashaal’ to Start 50th Anniversary Year Celebrations of 1971 War Win
Prime Minister Narendra Modi lit the ‘Swarnim Vijay Mashaal’ from the eternal flame of the National War Memorial, marking the beginning of the 50th anniversary year celebrations of India’s victory over Pakistan in 1971.

  • Four victory mashaals (flaming torches) will be carried to various parts of India, including to the villages of Param Vir Chakra and Maha Vir Chakra awardees of the 1971 war.
  • As December 16 marks the anniversary of the military victory, the nation will celebrate ‘Swarnim Vijay Varsh’ (golden victory year) through several events across the country, and it will continue for a year. Various commemorative events will be conducted pan-India wherein war veterans will be felicitated.

Maharashtra to implement uniform building development rules across state
In a bid to boost the ailing real estate sector, the Uddhav Thackeray-led state government is all set to implement uniform land and building development rules across Maharashtra. The unified development control rules policy will apply to all municipal corporations, councils and nagar panchayats in the state, excluding Mumbai and a few surrounding areas.

  • The new development rules will bring uniformity in the width of roads, size of rooms, etc. Under the rules, the height of buildings will vary depending on the plot size and its FSI potential.
  • The development control rules (DCR) will enable norms defining floor space index, height of building, marginal spaces, parking spaces and fire safety, TDR, etc. It will also provide incentives for the development of the green belt, tourism zones. The rules will be facilitated for creating roads, open spaces, public amenities like gardens, recreational zones.

Ministry of AYUSH approves 200 AYUSH Health and Wellness Centres in Almora district of Uttarakhand
The Ministry of AYUSH has approved 200 AYUSH Health and Wellness Centres in almora district of Uttarakhand under centrally sponsored scheme of National AYUSH Mission.

  • In  this regard, Arvind Lal Vandana Lal (ALVL) Foundation, New Delhi is providing support to the department of AYUSH, Uttarakhand, in operationalization of AYUSH HWCs in Almora district of Uttarakhand.  The Central Government will provide necessary technical support. The ALVL Foundation will support in Population Enumeration, creation of Health Cards in the catchment population of the HWCs and help in training and capacity building of HWC team.
  • The Central Government has decided to operationalise 12,500 AYUSH Health and Wellness Centres in phased manner by the year 2023-2024 throughout the country.


India Post Payments Bank launches digital payment services ‘DakPay’
The Department of Posts and the India Post Payments Bank (IPPB) unveiled a new digital payment application “DakPay” as part of its ongoing efforts to provide digital financial inclusion at the last mile across the country.

  • DakPay App is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India.
  • DakPay will provide digital financial and assisted banking services provided by India Post and IPPB through the postal network across the country. It will facilitate services such as sending money, scanning QR code and making payment for services and merchants digitally.
  • The app will also provide interoperable banking services to the customers with any bank in the country.


S&P revises India’s FY21 GDP contraction to 7.7% 
S&P Global Ratings raised India’s growth projection for the current fiscal to (-) 7.7 per cent from (-) 9 per cent estimated earlier on rising demand and falling COVID infection rates.

  • The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India’s growth to rebound to 10 per cent.

GDP in Financial Year 2021 to Contract at 7.4% on Better Recovery: SBI Report
India’s GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent.

  • The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.
  • The revised GDP estimates are based on SBI ‘Nowcasting Model’ with 41 high frequency indicators associated with industry activity, service activity, and global economy.


UNEP announces 2020 Champions of the Earth Award winners 
The UN Environment Program (UNEP) is presenting the Champions of the Earth Award since 2005, to inspire and motivate more people to act for nature.
List of winners:
The 2020 Champions of the Earth Award has been bestowed upon 6 individuals. The list of winners is given below.
1.Policy Leadership – Frank Bainimarama, the Prime Minister of Fiji
2.Inspiration and Action – Yacouba Sawadogo, a farmer from Burkina Faso
3.Inspiration and Action – Nemonte Nenquimo, an Ecuadorian female green campaigner
4.Science and Innovation – Fabian Leendertz, a German scientist
5.Entrepreneur Vision – Mindy Lubber, an American social entrepreneur
6.Lifetime Achievement Award – Robert D. Bullard, an American scholar


Eswatini PM Ambrose Dlamini passes away
Eswatini Prime Minister Ambrose Dlamini, who was undergoing treatment for coronavirus in neighbouring South Africa, has died.He was 52.

  • Dlamini had worked in the banking sector and then as the chief executive officer in Eswatini of South African telecom giant MTN before being appointed in October 2018 as Prime Minister by King Mswati III, who names all ministers and controls Parliament.

Hind Kesari’ wrestler Shripati Khanchnale passes away
Noted wrestler Shripati Khanchnale, who had won the prestigious ‘Hind Kesari’ title in 1959, died at a private hospital in Kolhapur in western Maharashtra. He was 86.

  • He was a recipient of the Shiv Chhatrapati award, which is given by the Maharashtra government.

Vice Admiral Srikant passes away
Indian Navy’s senior most submariner, Vice Admiral Srikant, passed away due to COVID-19-related complications at the Base hospital in the national capital.He was

  • The ‘grey dolphin’, as he is referred to, was the Director General of Project Seabird in Karwar, Karnataka. He was due to retire on December 31.
  • Vice Adm Srikant had held appointments such as the Commandant of the National Defence College and the Inspector General of Nuclear Safety. He had also served as Defence Advisor in the Indian High Commission in Islamabad.


Nation Observes 49th Vijay Diwas 
Every year December 16, is observed  as Vijay Diwas, to commemorate India’s victory in the gruesome Indo-Pak war of 1971 that led to the formation of Bangladesh.

  • On 16 December 1971, the Indian Armed Forces won the 13-day long decisive war against the Pakistan Army and state for the liberation of Bangladesh from Pakistan.

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