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Current Affairs Of 7 November 2020 by gkrecall

 



Current Affairs Of 7 November 2020 by gkrecall


INTERNATIONAL AFFAIRS

5th Joint Working Group on Coal held virtually between India and Indonesia

About Indonesia:
President – Joko Widodo
Capital – Jakarta
Currency – Indonesian Rupiah (Rp) (IDR)

NATIONAL AFFAIRS

India Conducts Tri-Service Combat Exercise “Bull Strike” at Teressa Island 

Andaman and Nicobar Command (ANC) conducted a three-day Tri-Service Combat Exercise code named “Bull Strike” from November 3-5,2020 at Teressa Island in Nicobar Group of Islands.

The exercise saw participation from three service components of ANC, elements of Indian Army’s Parachute BrigadeMARCOS (Marine Commando Force) and Special Forces.

PM Narendra Modi chaired Virtual Global Investor Roundtable 2020 conference

The conference was attended by the world’s 20 largest pension and sovereign wealth funds, which have around $6 trillion assets under their management.

AAI signed MoU with NVVN, subsidiary of NTPC to set up Solar Power Plants in Airports

Airport Authority of India(AAI) signed a Memorandum of Understanding with NTPC Vidyut Vyapar Nigam(NVVN) Limited, a subsidiary of NTPC Limited, to set up solar power plants at the Airports under AAI and to promote the adoption of electrical vehicles at AAI Airports.

Kottoor Elephant Rehabilitation Centre in Kerala is Set to Become World’s Largest Care & Cure Centre 

The project is implemented at a cost of Rs.108 crore funded from the Kerala Infrastructure Investment Fund Board(KIIFB).

Joint coastal security exercise, “Sagar Kavach” held at Paradip Coast, Odisha

A two-day joint coastal security annual exercise “Sagar Kavach” was held on November 5-6 at Paradip Coast, Odisha.

It was carried out by the state governments of Odisha and West Bengal.

NSDC Launched ”Project Future Ready” to Impart Career Skills to 1 lakh students

The National Skill Development Corporation (NSDC) in partnership with American India Foundation, Dell Technologies and University of Mumbai has launched ”Project Future Ready” to equip students with career skills.

About NSDC:
Headquarter– New Delhi
Managing Director (MD) and Chief Executive Officer (CEO)– Manish Kumar

Govt of Bangladesh Signed MoU with BPL & SII to buy 3 crore Doses of AZD1222 – COVID-19 Vaccine

 the Government of Bangladesh signed a Memorandum of Understanding (MoU) with Beximco Pharmaceutical Limited (BPL), Bangladesh drug maker and the Serum Institute of India (SII) for the supply and distribution of 3 crore doses of COVID-19 vaccine AZD1222 in Bangladesh.

The AZD1222 vaccine is at the final stage of development at the University of Oxford and AstraZeneca.

BANKING & FINANCE

RBI Announced “Co-Lending Model (CLM)” for Banks, NBFCs for Priority Sector Lending

The CLM will not be applicable to foreign banks(including WOS) with less than 20 branches.

The Scheme CLM helps banks to provide loans along with NBFCs (Non-Banking Financial Companies) including HFCs (Housing Finance Companies) for priority sector borrowers based on a prior agreement.

NPCI Gives Approval to ‘WhatsApp Pay’ to start UPI in India;UPI closes 30% of TPAPs transaction volume

The National Payments Corporation of India (NPCI)  gave approval for ‘WhatsApp Pay’, a payment system of Whatsapp to go live on Unified Payments Interface (UPI) in the multi-bank model in India.

SEBI Enhances Foreign Investment Cap limit of Mutual Funds from $300 million to $600 million

Securities and Exchange Board of India (SEBI) issued a circular on “Enhancement of overseas investment limits for mutual funds” under which the foreign investment limit per mutual fund (MF) house has been doubled to $600 million, from the existing $300 million, within the overall industry limit of US $ 7 billion.

SEBI has reserved an amount of $50 million per fund house.

APPOINTMENTS & RESIGNATIONS          

Priyanca Radhakrishnan becomes New Zealand’s first-ever Indian-origin Minister 

41-year old Priyanca Radhakrishnan became New Zealand’s first-ever Indian-origin Minister as Prime Minister Jacinda Ardern unveiled her new cabinet after her victory in the 2020 General Elections of New Zealand.

About New Zealand:
Prime Minister – Jacinda Ardern
Capital – Wellington
Currency – New Zealand Dollar (NZD)

M M Kutty Appointed as the 1st Chairperson of the Commission for Air Quality Management in NCR and Adjoining Areas



Gyanendro Ningombam Becomes 1st President of Hockey India from the North East region; Replaces Mohd Mushtaque Ahmad

Gyanendro Ningombamfrom Manipur was appointed as the  President of Hockey India(HI). He is the 1st  president of HIfrom the North East region. He will serve for a term of two years. He replaces Mohd Mushtaque Ahmad who was appointed as the Senior Vice President.

ACQUISITIONS & MERGERS        

Public Investment Fund to buy 2.04% stake in Reliance Retail for Rs 9,555 crore



Axis Bank Acquires 57,743 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore

Axis Bank Ltd acquired 57,743 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore. The transaction is for 9.91% equity stake in CSC e-Governance as a strategic investment by the bank. The transaction is likely to be completed by December 2020.

IMPORTANT DAYS

International Day for Preventing the Exploitation of the Environment in War and Armed Conflict 2020 – November 6



STATE NEWS

UP’s Chandauli Tops NITI Aayog’s Aspirational Districts of September 2020

The Chandauli district of Uttar Pradesh(UP) tops the NITI Aayog’s ranking of Aspiration districts of September 2020. Bokaro and Purbi Singhbhum of Jharkhand secured 2nd and 3rd position followed by Sonbhadra of UP at 4th position. 

Karnataka Government signs Agreement with Tata Technology to upgrade 150 Government ITIs

The Government of Karnataka entered into an agreement with Tata Technologies to upgrade and modernize 150 Government ITIs (Industrial Training Institute) at a cost of INR 4, 636.50 Crores to create increased employment opportunities to youth of the state.

Dr. Thomas Isaac Launches ‘Green Innovation Fund’, Accelerator Program for Social Impact Startups in Kerala