Daily Current Affairs 29 & 30 November 2020 for Banking/Insurance/SSC and other related exams.
Bengaluru’s Bowring medical college named after Atal Bihari Vajpayee
Karnataka government has renamed the Government Medical College and Research Centre in the premises of Bowring and Lady Curzon Hospital in Bengaluru after former Prime Minister Atal Bihari Vajpayee.
- The medical college will now be called ‘Sri Atal Bihari Vajpayee Medical College and Research Centre’.
- The institute was set up in 2018-19 on the campus of Bowring and Lady Curzon Hospital in Shivajinagar in the heart of Bengaluru.
Agriculture Minister Narendra Singh Tomar launches Nafed’s Honey FPO Programme
Agriculture Minister Narendra Singh Tomar launched five Farmer Producer Organisations (FPOs) for producing honey which will be set up with the help of NAFED in East Champaran (Bihar), Morena (Madhya Pradesh), Bharatpur (Rajasthan), Mathura (Uttar Pradesh) and Sunderbans (West Bengal).
- These FPOs will be one of the first sets of 2,200 FPOs approved by the government for the current financial year.
- The task of creating these FPOs has been entrusted mainly to Nabard (600 FPOs), Small Farmers’ Agribusiness Consortium (500), National Cooperative Development Corporation (500) and NAFED which will support 50 commodity specific FPOs.
Andhra CM launches Jagananna Thodu scheme
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy launched the Jagananna Thodu scheme under which an amount of ₹905 crore was deposited into the bank accounts of 9.05 lakh small traders towards provision of interest-free loan.
- The aim of the scheme to benefitting several vegetable traders in the state.
- Vegetables, small tiffin shops, flowers, motorcycle vendors, teeth, groceries, loom work, cloth and handlooms, lacework, steel shops, pottery, kitchen and plastic goods, electronic goods, and several other items will be made available for beneficiaries of the scheme.
UAE becomes first Arab Country to generate electricity from coal
The United Arab Emirates is set to become the first Arab Gulf country to generate electricity from coal.
- The first coal-based power plant of Arab Gulf country is being developed in Saih Shuaib, Dubai, United Arab Emirates. The 2,400MW Hassyan clean coal power station will be built at an estimated cost of $ 3.4 billion.
- The project will comprise four units of 600MW each, which are expected to start operations in 2020, 2021, 2022 and 2023 respectively. The power plant is expected to produce sufficient electricity to power approximately 250,000 households.
BUSINESS & ECONOMY
MeitY and IBM India Partner to offer Reskilling Programs in Artificial Intelligence and Cloud to Learners
The Ministry of Electronics & Information Technology (MeitY) and IBM India announced a collaboration to create a robust education and skilling ecosystem that creates critical thinkers, problem-solvers, and next generation innovators through the Common Services Centre Academy.
- CSC Academy – part of Common Services Centre (CSC) scheme of MeitY, Government of India’s flagship Digital India program and IBM, along with their implementation partners CSR Box, Uva Jagriti Sansthan and Jeevitam will foster the capability and development of learners with diverse backgrounds and educational needs.
- This collaboration with IBM aligns with the National Education Policy’s emphasis on learning 21st century skills to ensure the future-readiness of India’s youth and realizing the vision of Aatmanirbhar Bharat.”
Sebi chief launches SMARTS program to enhance investor education and awareness
Markets regulator Sebi launched the Securities Market Trainers (SMARTs) program, an initiative aimed at enhancing investor education and awareness.The launch of SMARTs program comes amid World Investor Week being celebrated across the country.
- Under the SMARTs program, the trainers are empanelled for the district they belong to, subject to fulfilling the required eligibility criteria.
- In addition to individuals, organisations engaged in similar activity can get enrolled as SMARTs. They would undergo training at NISM and then they would be eligible to conduct programs.
- The programs are conducted under the aegis of Sebi and are monitored directly by it.
UBS Projects India’s GDP at -10.5% for FY21
The UBS has projected India’s real GDP to contract 10.5% in FY21, in its Global Economics & Markets Outlook 2021-2022 report.
- For the fiscal 2021-22 (FY22) UBS expect India’s real GDP growth to rebound to +10% in FY22. UBS also estimates India’s GDP to stabilise at 6.2 per cent YoY in FY21.
Sidbi, TN Govt sign MoU for MSME training programs
MSME financier Sidbi signs a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a Project Management Unit (PMU) that will design training and capacity building programs.
- The programs will be designed in areas such as technology transfer, promotion of innovation, intellectual property rights, research & development, leveraging of technology and technology solutions for enhancing business capabilities and collaborations between MSMEs & technology driven businesses, startups, etc.
ACQUISITIONS & MERGERS
ICICI Lombard gets in-principle approval from IRDAI approval to acquire Bharti AXA General Insurance
Insurance Regulator Insurance Regulatory and Development Authority of India(Irdai) gave in-principle approval to proposed arrangement between ICICI Lombard General Insurance Co. Ltd. and Bharti AXA General Insurance Co. Ltd., according to an exchange filing.
- The IRDAI mentioned that following the demerge, ICICI will issue 1.82 crore equity shares to Bharti General Ventures Private Limited and 1.75 crore equity shares to Societe Beaujon.
- Currently Bharti Enterprises owns 51% in Bharti AXA General Insurance, while French insurer AXA has 49%. With the deal with ICICI Lombard in place, Bharti and AXA will be public shareholders in the combined entity.
Virat Kohli becomes fastest to reach 22,000 international runs
Indian cricket team skipper Virat Kohli scripted another record in the game.The 32-year-old batsman has become the fastest to 22,000 international runs.He surpassed Sachin Tendulkar, Brian Lara, and Ricky Ponting who took 493, 511, and 514 innings respectively to record the same feat.
- Kohli achieved this feat during the second ODI between Australia and India at the SCG.The ODI legend scored a superb 89-run knock for India in their pursuit of 390.
- Notably, Kohli has become the eighth batsman overall and the third Indian to surpass 22,000 international runs.
- He also registered his 105th career fifty as well.
Indo-Japan cooperation wins OECD MAP 2019 award
Indo-Japan cooperation has won the Organisation for Economic Co-operation and Development (OECD) Mutual Agreement Procedure 2019 Award for highest agreement ratio for a pair of jurisdictions for transfer pricing cases.
- The Award to India-Japan Mutual Agreement Procedure (MAP) cooperation demonstrates India’s commitment to provide tax certainty and efficacious dispute resolution mechanism for the Japanese companies doing business in India.
SCIENCE & TECHNOLOGY
Prakash Javadeker launches India Climate Change Knowledge Portal
Minister of Environment,Forest and Climate Change Prakash Javadekar launched the India Climate Change Knowledge Portal.
- The portal will have all the major steps the Government is taking at both national and international levels to address the climate change issues.
- It will be a single-point information resource that provides information on the different climate initiatives taken by various Line Ministries enabling users to access d status on these initiatives.
Legendary Bangladeshi actor, Liberation War fighter Aly Zaker passes away
Eminent Bangladeshi actor and cultural personality Aly Zaker passed away in Dhaka. He was 76.
- Aly Zaker was a towering figure of Bangladesh in theatre, Television and films.
- Aly was involved in the Liberation War movement of Bangladesh against Pakistan. He was also a founder trustee of the Liberation War Museum in Dhaka.
- He was awarded the second highest civilian award of Bangladesh ‘Ekushey Padak’ in 1999 for his contribution in the field of theatre.
Darth Vader actor David Prowse passes away
Dave Prowse, the Bristolian former bodybuilder best known for playing Darth Vader in the original Star Wars trilogy, has died. He was 85.
- A bodybuilder from a young age. Before Star Wars, Prowse won three straight British weightlifting titles from 1962-1964. He also appeared in A Clockwork Orange and The Tomorrow People, while Prowse also acted as Frankenstein’s monster in multiple films.
- In the UK, Prowse is also known for his role as the superhero “Green Cross Code Man” as part of a public safety campaign that started in the 1970s.