Current Affairs Of 24 July 2020

Current Affairs Of 24 July 2020

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Current Affairs Of 24 July 2020

INTERNATIONAL AFFAIRS

India, Maldives signed contract for development of Geydoshu Mas Plant in Maldives’ Maradhoo and Hulhudhoo

India and Maldives inked an agreement to set up Geydoshu Mas Plant (Neighborhood Fish Processing Plants) at two islands in the Addu city of Maldives namely Maradhoo and Hulhudhoo. 

About Maldives:
Capital– Male
Currency– Maldivian rufiyaa

Turkmenistan became 25th country with Observer Status in World Trade Organization

Turkmenistan became the 25th country who was granted observer status in the World Trade Organization (WTO) enabling the nation to establish permanent residence at WTO headquarter in Geneva, Switzerland and monitor it’s proceedings. 

About World Trade Organization (WTO):
Director-General– Roberto Carvalho de Azevedo (Retire on August 31, 2020)
Members– 164 countries and 25 Observer nations

Nicaragua becomes the 87th Country to sing the International Solar Alliance Framework Agreement

The Republic of Nicaragua became the 87th country to sign the International Solar Alliance(ISA) Framework Agreement, an initiative to promote sustainable energy, led by India.

About International Solar Alliance(ISA):
Director General– Upendra Tripathy
Headquarters– Gurugram, Haryana
About Republic of Nicaragua:
President– Daniel Ortega
Capital– Managua
Currency– Nicaraguan Cordoba Oro (NIO)

Ravi Shankar Prasad Represented India in the G20 Digital Economy Ministers Virtual Meeting Hosted by Saudi Arabia

About G20 or Group of Twenty:

Chairman– Saudi Arabian King Salman bin Abdulaziz Al Saud 
Current Presidency– Saudi Arabia

NATIONAL AFFAIRS

PM Narendra Modi Laid Foundation Stone for Manipur Water Supply Project

About Manipur:
Governor– Najma Akbar Ali Heptulla 
Chief Minister– N Biren Singh
Capital– Imphal

Kakrapar Atomic Power Project’s Unit 3 in Gujarat: India’s First 700 MWe unit to Achieve Criticality

The Nuclear Power Corporation of India Limited(NPCIL) announced that, Unit-3 of Kakrapar Atomic Power Project(KAPP-3), India’s First 700 MWe (megawatt electric) and indigenously developed Pressurised Heavy Water Reactor(PHWR) in Surat, Gujarat achieved its first criticality – initiation of controlled and sustained nuclear fission reaction.

About Nuclear Power Corporation of India Limited(NPCIL):
Chairman & Managing Director– Satish Kumar Sharma
Head Office– Mumbai, Maharashtra

India to Have 60% Renewable Energy by 2030: R K Singh at Webinar On Energy Transition 

About Ministry of Power and Ministry of New & Renewable Energy(MNRE):
Minister of state (IC)– Raj Kumar Singh

Jitendra Singh Launched Restructured Scheme for PM’s Awards for Excellence in Public Administration 2020 and Web Portal Virtually

Purpose of restructuring– To recognize the performance of the District Collectors with regard to outcome indicators, economic development, peoples’ participation and redressal of public grievances.

BANKING & FINANCE

Airtel Payments Bank Partnered with NSDC to Skill Rural Youth for Financial Services Sector Jobs

About Airtel Payments Bank:
Headquarters– New Delhi, India
Managing Director(MD) and Chief Executive Officer(CEO)– Anubrata Biswas
About NSDC:
Headquarters– New Delhi, India
MD & CEO- Manish Kumar

Bank of Baroda Launched ‘Insta Click Savings Account’, 100% Paperless Digital Self-Assisted Online Savings Account

About BoB:
Headquarters- Vadodara, Gujarat
MD and CEO– Sanjiv Chadha
Non-Executive Chairman- Hasmukh Adhia

ECONOMY & BUSINESS

India’s GDP to contract by 6% in FY21: DBS 

As per the report of DBS(Formerly,  Development Bank of Singapore), Singaporean brokerage, India’s Gross domestic Product(GDP) will contract by 6%(-6%) in FY21 as the economy is yet to stabilise the COVID -19 infection curve and the due to the caseload in the economically key states. 

RIL becomes the 1st Indian company to reach Market Cap of Rs 13 lakh crore; Becomes 48th largest company in market cap globally

Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.

AWARDS & RECOGNITIONS      

Mukesh Ambani, fifth-richest Man in the World with Net Worth $75 billion: Forbes Real-Time Billionaires List

Reliance Industries Limited (RIL) Chairman & CEO Mukesh Ambani (63), became the world’s fifth-richest man in the world with an estimated wealth of 77.3 billion USD, according to the real-time ranking of billionaires by Forbes. 

APPOINTMENTS & RESIGNATIONS          

The DG/RPF, Shri Arun Kumar, nominated as the Vice-Chairman of the UIC, security platform

the DG of the Railway Protection Force (RPF) Shri Arun Kumar, has been nominated as the Vice -Chairman of the Security platform of the Paris – based Union UIC from July 2020 to July 2022. 

This was intimated by the DG (Director General) of UIC (Union Internationale Des Chemins/International Union of Railways) Mr. Francois Davenne, to the Chairman of Railway Board, Shri Vinod Kumar Yadav.

ACQUISITIONS & MERGERS       

CCI Approved Acquisition of Krishnapatnam Port Company Limited by Adani Ports and SEZ Limited  

The Competition Commission of India(CCI)  has approved the acquisition of Krishnapatnam Port Company Limited(KPCL) by Adani Ports and Special Economic Zone Limited(APSEZ). The proposed combination envisages acquisition of equity shareholding and full management control of KPCL by APSEZ

SCIENCE & TECHNOLOGY

China Launches Tianwen-1: China’s First Rover Mission to Mars

About China:
President– Xi Jinping
Capital– Beijing
Currency– Renminbi

SPORTS

ISL becomes 1st league in South Asia and 7th in Asia to join the World Leagues Forum

The Hero Indian Super League (ISL) joins the World Leagues Forum (WLF), the association of Professional football leagues. It is the first league from South Asia and seventh in Asia to join the WLF.

BOOKS & AUTHORS

The book titled “The Pandemic Century”, by British Medical Historian Mark Honigsbaum

“The Pandemic Century, A History of Global Contagion from the Spanish Flu to Covid-19”, by the british medical historian Mark Honigsbaum covers 10 outbreaks in the past 100 years, dating from the Spanish Flu (1918) to the present day Coronavirus (2019). The book is published by Penguin Publishers.

IMPORTANT DAYS

National Broadcasting Day 2020 – July 23

STATE NEWS

GEDCOL and NHPC signed MoU to develop floating solar power projects in Odisha

The National Hydroelectric Power Corporation (NHPC) signed a Memorandum of Understanding (MoU) through video conference with The Green Energy Corporation of Odisha Limited (GEDCOL) to develop floating solar power projects with a total capacity of 500 Megawatts (MW) in the state of Odisha.