Daily Current Affairs 16 November 2020 for Banking/Insurance/SSC and other related exams.
Centre sanctioned Rs 1700 crore under Special Liquidity Facility: Karnataka Minister
The Karnataka minister for Cooperation, S T Somasekhar has informed that the Central Government has sanctioned an amount of 1700 crore rupees under Special Liquidity Facility.
- This amount was released by NABARD to the District Cooperative Banks in the state to provide loans to the farmers in distress due to the pandemic.
- He said, they have a target to distribute loans of 15,300 crore rupees to 24 lakh farmers in this year. Till date, he added, 10,000 crore rupees credit is extended to 15 lakh farmers.
Cabinet Approves Revamped VGF Scheme with Outlay of Rs 8,100 Crore
The The Cabinet Committee on Economic Affairs approved the revamped viability gap funding (VGF) scheme envisaging a total outlay of Rs 8,100 crore for encouraging investment in social as well as economic infrastructure projects.
- The revamped scheme will provide financial support to PPP projects in the infrastructure sector spread over a period of five years ending 2024-25.
- Of the total amount of Rs 8,100 crore, Rs 6,000 crore has been earmarked for PPP projects in the economic infrastructure segment and remaining Rs 2,100 crore for social infrastructure projects.
BANKING & FINANCE
Ensure all accounts are linked with Aadhaar by March 31, 2021: FM to banks
Finance minister Nirmala Sitharaman asked banks to ensure all accounts are Aadhaar-seeded and linked with Permanent Account Number (PAN) by March 31, 2021.
- The minister also asked banks to ensure they are using the latest technology applications to close loopholes in the banking system and to promote unified payments interface-based (UPI) digital transactions and Rupay cards to make the National Payments Corporation of India (NPCI) a global brand.
BUSINESS & ECONOMY
FinMin Allocates Rs 39,097 Crore for MEIS Benefits for 2019-20; Rs 15,555 Crore for Apr-Dec 2020
Giving relief to exporters, the finance ministry has approved allocation of Rs 39,097 crore under the incentive scheme MEIS for exports during 2019-20.
- A total of Rs 15,555 crore was also allocated for MEIS (Merchandise Exports from India Scheme) benefits for exports made during the period April 1, 2020 to December 31, 2020.
- Accordingly, the Director General of Foreign Trade (DGFT) is requested to issue the scrips up to a total value of Rs 16,000 crore in 2020-21. Issuance of remaining scrips may be spread over the subsequent financial years through an appropriate mechanism.
ACQUISITIONS & MERGERS
CCI approves Google picking up 7.73% stake in Jio Platforms
The Competition Commission of India (CCI) has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd (JPL) to develop and launch Android smartphones in India.
- Internet giant Google will be making the investment into the digital arm of Reliance Industries through its wholly-owned subsidiary Google International LLC (GIL).
- Google became the 14th investor to invest in Jio Platforms after Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, Intel Capital and Qualcomm Ventures.
Nitish Kumar takes oath as Bihar CM for fourth straight term
Nitish Kumar took oath as the Bihar chief minister for a fourth straight term at a ceremony attended by the top Bhartiya Janata Party (BJP) leaders including Union Home Minister Amit Shah and party president J P Nadda.
- The BJP, which has clinched 31 more seats than the 43 pocketed by Kumar’s JD(U), announced two deputy chief ministers for the state of Bihar on the lines of Uttar Pradesh.
- The names of four- time MLAs Tarkishore Prasad and Renu Devi, who were chosen the leader and the deputy leader of the BJP legislature party, were elected for the post.
- Along with them, JDU leaders Vijay Kumar Choudhary, Vijendra Prasad Yadav, Ashok Choudhary, and Mewa Lal Choudhary also took oath as Cabinet Ministers of Bihar.
- Santosh Kumar Suman, son of Hindustani Awam Morcha (HAM) chief Jitan Ram Manjhi and Mukesh Sahni of Vikassheel Insaan Party (VIP), BJP leaders Mangal Pandey and Amarendra Pratap Singh took oath as a Cabinet Ministers.
ED Director SK Mishra’s Tenure Extended by One Year
The Union government has extended the tenure of ED Director Sanjay Kumar Mishra by a year after modifying his appointment order that was issued in 2018.
- Mishra, 60, is a 1984-batch Indian Revenue Service officer of the Income Tax cadre and was appointed the Enforcement Directorate chief on November 19, 2018.
- The ED is a central investigative agency that enforces two central laws– the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA).
HelpAge India and Queen Mother of Bhutan receive 2020 UN Population Award
Her Majesty Gyalyum Sangay Choden Wangchuck, Queen Mother of Bhutan, was announced as the individual laureate for the 2020 United Nations Population Award. HelpAge India was announced as the award’s institutional laureate.
- Her Majesty Gyalyum Sangay Choden Wangchuck is a longstanding champion of sexual and reproductive health and rights and the need to end violence against women, girls and children in Bhutan.
- HelpAge India working in 20 States across India, the organization also provides employment opportunities to older people, advocates for their rights in the community and helps local organizations to support them.
- Established by the United Nations General Assembly in 1981, the United Nations Population Award recognizes contributions in the fields of population and reproductive health.
Udhampur conferred with National Award for water conservation
In the Union Territory of Jammu and Kashmir, District Udhampur has been conferred with National Award for water conservation under Jeevika Project launched by the District Administration.
- The project aims to increase the assured irrigation of Agriculture land and conservation of water and was conceptualized by the District Development Commissioner Dr. Piyush Singla.
- The project envisages development of sustainable ecosystems through water conservation to enhance the livelihood for small and marginal farmers.
Maharashtra becomes second best state in water conservation efforts in the country
Maharashtra has become the second best state in water conservation efforts in the country and has bagged six awards in different categories of National Jal Shakti Awards for the year 2019. The state has won the first prize in the water regulatory authority category for the second consecutive year.
- Similarly, Sangli District Administration has bagged the top prize in the river revival category for reviving Agrani river.
- Aniket Lohiya of Manavlok, an NGO from Beed, won the ‘Water Warrior’ award. The organization has been working for the development of forest, land and water in Marathwada district. Maharashtra received three more awards and underlined the work done for the most valuable asset for human being.
SCIENCE & TECHNOLOGY
Delhi Government launches Jeevan Seva app for COVID-19 patients
The Delhi government launched the Jeevan Seva app to aid Delhi’s Covid patients and their families for a safe commute to hospitals and healthcare facilities in the city.
- The app, launched in collaboration with EVERA will use electric vehicles as ambulances to transfer non-critical cases to healthcare facilities in Delhi, free of cost.
- Patients will be able to download the app through the link sent to them through SMS and QR code to every tested COVID positive patient in Delhi.
Ghana’s former president Jerry Rawlings passes away
Jerry Rawlings, who seized power twice in military coups but is now credited as a driving force behind Ghana’s emergence as a stable democracy, died. He was 73.
- His takeovers in 1979 and 1981 were marked by authoritarian rule and the executions of senior military officers, including General Frederick Akuffo, whom he overthrew in the first coup.
- But Rawlings went on to oversee Ghana’s transition to multi-party democracy, winning election in 1992 and 1996 before stepping down in 2001.
Padma Shri awardee & sculptor Arjun Prajapati passes away
Padma Shri awardee and sculptor Arjun Prajapati was died of Covid-19. He was 64.
- Prajapati was known for his stone-carved sculptures not only in India but elsewhere in the world.
Haryana’s First Woman MP and Former Puducherry LG Chandrawati passes away
Haryana’s first woman MP and former Puducherry Lt.-Governor Chandrawati passed away. She was 92.
- Chandrawati, who had been a Janata Party leader, became the first-ever woman MP from Haryana in 1977 when she defeated political stalwart Chaudhary Bansi Lal from the Bhiwani constituency.
- She later joined the Congress and served as the Lt.-Governor of Puducherry in 1990.
BOOKS & AUTHORS
Book ‘Insomnia: Army Stories’ by Rachna Bisht Rawat released
Delhi-based author Rachna Bisht Rawat just launched the book titled ” Insomnia: Army Stories” , featuring stories based on life in the armed forces.
- The author tells The Morning Standard about what inspires her to regularly delve into stories around the army.
- A 528 page book published by Penguin Random House India.
National Press Day
National Press Day is observed on November 16th every year to commemorate the institution of the Press Council of India.
- The day marks the presence of an independent and responsible press in India.
- This day symbolizes freedom of the press and its responsibilities towards the society. The Press Council of India started functioning on this day.
Maharashtra to observe National Unity Week from Nov 19 to 25
Maharashtra will observe the National Unity Week from 19th to 25th of November in order to increase social harmony in the state, everyone should participate in this programme.
- An instructions have been given to all the government agencies including all the Divisional Commissioners, Collectors, Chief Executive Officers of Zilla Parishads to conduct various programs with due care to prevent spread of corona infection.