Daily Current Affairs 24 September 2020 for Banking/Insurance/SSC and other related exams.
India’s first Coast Guard academy to come up at Mangaluru
India’s first Coast Guard academy will be established at Mangaluru, Defence Spokesperson (PRO) Bengaluru said
- Around 158 acres Karnataka Industrial Area Development Board (KIADB) land has been taken over for setting up ICG Academy.
Railways target to complete 100% electrification of broad gauge routes by 2023
Railways has planned for 100 per cent electrification of its broad gauge routes by 2023 said by the Railway Minister Piyush Goyal.
- Around 63 per cent broad gauge lines have already been electrified out of a total 63,631 route kilometers as on 1st of April this year. A total of 23,765 route kilometre lines are yet to be electrified in the country.
Israel’s Start-up National Central, iCreate unite for innovative projects
Israel’s Start-Up National Central and Ahmedabad-based iCreate inked a memorandum of understanding (MoU) for starting a programme to bring together Israeli and Indian entrepreneurs as well as startups to collaborate on innovative projects.
- Start-Up Nation Central and iCreate will initiate a unique online acceleration programme for market penetration to work with relevant technologies that match up with requirements originating from Indian corporations.
India, Nepal launch website for post-earthquake reconstruction projects in education sector
India and Nepal have launched a website – “www.goicbrinepal.com” dedicated to provide information about the 2015 post-earthquake reconstruction projects funded by New Delhi in the Himalayan nation’s education sector.
- The website, available in both English and Nepali versions, is a one stop, user friendly window for all information related to education projects under the India-funded post-earthquake reconstruction initiatives.
- The website, which can be accessed at www.goicbrinepal.com, has been conceptualised and developed by the Central Building Research Institute (CBRI), Roorkee under India’s Council of Scientific & Industrial Research (CSIR).
BANKING & FINANCE
HDFC Bank ranked as India’s most valued brand for 7th year in a row: WPP, Kantar Millward Brown’s BrandZ report
HDFC Bank has been ranked India’s Most Valuable Brand for the 7th consecutive year in a row in the 2020 BrandZ Top 75 Most Valuable Indian Brands rankings, released by WPP and Kantar.
- The bank is estimated to have a brand value of $20.3 billion, which, however, is a decline of 11% over last year.
- LIC, Tata Consultancy Services, Airtel, Asian Paints, Kotak Mahindra Bank, Jio, Flipkart, Paytm and State Bank of India were among the other brands ranked in the top 10 most valuable brand rankings.
- Of the top 75 ranking, banking and insurance sector commands 31%.The telecom sector even surpassed the insurance space and on a combined basis commands a brand value of $25 billion.
BUSINESS & ECONOMY
CCI approves merger of Medlife with PharmEasy
The Competition Commission of India (CCI) approved the proposed combination of Medlife and API Holdings.
- The deal pertains to the proposed acquisition of 100 per cent equity shares of Medlife by API Holdings. Medlife shareholders are to get up to 19.59 per cent equity share capital of API Holdings.
- Medlife, a Patna-based company, was valued at $375 million as of January 31, 2020.
Govt extends term of Uday Kotak as Chairman of Debt-ridden IL&FS by One Year
The government extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&FS group by one year with effect from the 3rd day of October 2020.
- Kotak was appointed by the Government as the head of the lender”s board in 2018 to help the troubled company come out of difficulties, after the state took over the board.
RBI appoints AK Dixit as new administrator of PMC Bank
The Reserve Bank of India (RBI) has appointed AK Dixit, former general manager at Union Bank of India, as the new administrator of Punjab and Maharashtra Cooperative (PMC) Bank.
- He will replace JB Bhoria, who is stepping down due to health reasons.
Retd. IAS officer Raghvendra Singh appointed as Culture Secretary
Former bureaucrat Raghvendra Singh was appointed as the culture secretary in place of Anand Kumar, who has shifted as the secretary of the National Commission for Backward Classes, as part of a top-level bureaucratic reshuffle.
- Singh, a 1983-batch (retired) IAS officer of the West Bengal cadre, is at present the Chief Executive Officer, Development of Museums and Cultural Spaces.
Simanchala Dash appointed as advisor to IMF Executive Director
The government has approved the proposal to appoint Simanchala Dash as an advisor to Executive Director, International Monetary Fund (IMF), in Washington.
- He has been appointed for a period of three years.
17-Year-Old Khushi Chindaliya Appointed As UNEP’s Indian Green Ambassador
A 17-year-old girl from Surat, Khushi Chindaliya has been appointed as the Regional Ambassador for India for the United Nations Environment Programme (UNEP) Tunza Eco-Generation, a recurring event with monthly goals.
- Khushi, who has been named India’s ‘Green Ambassador’ for her contribution to the conservation of the environment.
- Khushi will work with TEG on various awareness programs till February 2021. Crucially, Khushi is one of the 100 youths in India whose essays will be featured in a UNESCO book.
Bougainville elects new president Ishmael Toroama
Former rebel military commander Ishmael Toroama has been elected president of Bougainville, an autonomous part of Papua New Guinea in the South Pacific.
- The general election was the first since Bougainville voted overwhelmingly for a separation from Papua New Guinea at the end of last year, with Toroama defeating an open field, the Bougainville Electoral Commissioner said.
Aleksandr Lukashenko sworn in as Belarus President
Aleksandr G. Lukashenko was sworn in for a sixth term as president of Belarus after officially claiming 80 per cent of the vote in a secret ceremony.
- Mr Lukashenko’s strongest election opponent got 10 per cent of the vote.
- It comes after six weeks of mass protests against the official results of the August 9 presidential election that resulted in Mr Lukashenko’s re-election after 26 years in office.
Colombian journalist-turned-activist Jineth Bedoya Lima wins Golden Pen of Freedom award
Colombian journalist Jineth Bedoya Lima, who was abducted, tortured and sexually assaulted on her way to interview an infamous paramilitary warlord in Bogota in 2000 was awarded the Golden Pen of Freedom award by the World Association of News Publishers (Wan-Ifra).
- The award, made virtually due to current COVID-19 restrictions, recognises “Ms. Bedoya Lima’s dedication to the profession of journalism, her tireless work in promoting and protecting the rights of women, and her courage in confronting and overcoming her own personal tragedy with a level of dignity and determination that serves as inspiration to peers the world over.”
Hyderabad airport gets ACI health accreditation for safe travel
The GMR Group-led Rajiv Gandhi International Airport has been granted the Airport Health Accreditation (AHA) by ACI, a worldwide association for the air transport industry, for the safety measures being taken at the aerodrome.
- It is among the first airports in Asia Pacific region to have received this coveted accreditation by the Airport Council International (ACI).
- The accreditation is the outcome of the rigorous assessment of the RGIA on the alignment of its health measures with the ACI Aviation Business Restart and Recovery guidelines and ICAO (International Civil Aviation Organisation) Council Aviation Recovery Task Force (CART) Recommendations along with industry best practices.
Veteran Rabindra Sangeet exponent Purba Dam passes away
Veteran Rabindra Sangeet exponent Purba Dam died of cardiac arrest at her Dhakuria residence in south Kolkata. She was 85.
- Dam got recognition as a prominent Rabindra Sangeet exponent in the 80s. She was conferred Sangeet Samman by West Bengal in 2013.
Union Minister of State for Railways Suresh Angadi passes away
Minister of State for Railways and Karnataka BJP MP Suresh Angadi passed away. He was 65.
- Angadi, a four-time MP from Belagavi in Karnataka and a first-time Union minister, was considered a party heavyweight, with his influence cutting across North Karnataka.
- He became an MP from Belagavi (Belgaum) constituency for the first time in 2004, after which he won every successive Lok Sabha election.
‘Vicky Donor’ Actor Bhupesh Pandya passes away
Actor Bhupesh Kumar Pandya, who was best-known for featuring in films like Vicky Donor, died of lung cancer.
- Pandya, was a popular name in the theatre community. He has also featured in films including ‘Gandhi To Hitler’ and ‘Parmanu: The Story Of Pokhran’.