Weekly Current Affairs (15th to 21st November 2020) Part - 1 Notes | EduRev

Weekly Current Affairs

Current Affairs : Weekly Current Affairs (15th to 21st November 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (15th to 21st November 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Weekly Current Affairs.
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Banking & Financial Awareness

1. Department of Investment and Public Asset Management (DIPAM) signed an agreement with which world organization for providing advisory services for asset monetization ______ World Bank.
Note:
➢ Under the agreement, the World Bank will provide advisory services on asset monetization.
➢ Asset Monetisation is creating new sources of revenue by unlocking underutilized or untilised public assets.
➢ DIPAM is to facilitate monetization of non-core assets and enemy property of Rs 100 crores.

2. Insurance Regulatory and Development Authority of India (IRDAI) gave its final approval for the merger of HDFC ERGO Health Insurance with which general insurance companies ______ HDFC ERGO General Insurance Co Ltd.
Note:

➢ The National Company Law Tribunal (NCLT) has sanctioned the scheme of amalgamation between HDFC ERGO Health and HDFC ERGO General on september 30, 2020.
➢ After the merger, the new entity will be the second-largest private insurer in the health and accident segment in India.

3. Which bank has partnered with Fintech PayNearby to launch a neo banking platform ______ SBM Bank.
Note:
➢ The bank is also looking at collaborative banking in other segments and where companies may have access to a large number of customers but does not have a banking license.
➢ SBM Bank focuses on to provide top of the line services to the wealthy and growing affluent in India and their counterparts will be NRIs with relations in India.

4. Which digital lending platform has partnered with Visa to launch co-branded prepaid cards with credit lines ______ Stashfin.
Note:

➢ Targeted Customer– Millennials who are just beginning their careers or are still in the early stages and prefer not to deal with hindrances of borrowing from a traditional banking institution.
➢ With this launch, Stashfin aims to tap into customers looking for festive shopping discounts, helping them convert their purchases into easy EMIs(Equated Monthly Installments) using their credit line cards.

5. The Reserve Bank of India has imposed a penalty of Rs 1 crore on which bank for violating the Payment and Settlement Systems Act, 2007 ______ Punjab National Bank.
Note:

➢ Punjab National Bank was operating a bilateral ATM-sharing arrangement with Druk PNB Bank Ltd., Bhutan, since April 2010 without prior approval or authorisation from India’s banking regulator.
➢ RBI imposed the Rs 1 crore penalty for “contravention of nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act).”

6. The Reserve Bank of India (RBI) placed the Lakshmi Vilas Bank (LVB) under moratorium for a period of one month, the bank is proposed to be merged with which bank ______ DBS Bank of India.
Note:

➢ The RBI has also drafted a scheme of amalgamation for LVB with DBS Bank of India and aims to complete the merger process before moratorium period ends.
➢ The proposed amalgamation will provide stability and better prospects to LVB's depositors, customers and employees.
➢ As per the moratorium order, LVB will not, without RBI's permission, "make, in the aggregate, payment to a depositor of a sum exceeding Rs 25,000 lying to his credit, in any savings, current or any other deposit account, by whatever name called.

7. Which Small Finance Bank has launched ‘Eva’, a unique savings account for Indian women ______ Equitas Small Finance Bank.
Note:

➢ The product addresses the wellbeing of women in every aspect such as Health, Wealth and Prosperity.
➢ The Product that is aimed at women is based on the concept of Relationship Value.
➢ It offers Free Health Check-up and unlimited teleconsultation with women doctors, gynecologists and mental health experts.

8. Which bank has launched a campaign, ‘Mooh Band Rakho’ to increase awareness on cyber frauds and ways to prevent them ______ HDFC Bank.
Note:

➢ The campaign supports the International Fraud Awareness Week 2020(November 15 – 21), a global movement to reduce the impact of fraud.
➢ The campaign was launched by Retd. Lt General Dr Rajesh Pant, National Cyber Security Coordinator, Government of India and Mr Jimmy Tata, Chief Risk Officer, HDFC Bank in a virtual event.
➢ ‘Mooh Band Rakho’ campaign will talk about the steps to be followed like not to share the card details, CVV(Card Verification Value), Expiry Date, OTP(One Time Password) NetBanking/ MobileBanking Login ID & Password over Phone, SMS, email and social media.

9. In partnership with which technology company YES Bank launched ‘YES BANK Neokred Card’, a Co-Branded Prepaid Card to encourage cashless payments ______ Neokred Technologies.
Note:

➢ The card offerings can be personalized to suit the needs of companies looking for salary cards or expense cards for their employees
➢ The ‘YES BANK Neokred Card’ can be used for spends and also be for withdrawing cash at ATMs(Automated Teller Machines)
➢ Neokred offers a wide range of customised benefits like cashback on spends, rewards, instant discounts among others.

10. Bharat Financial Inclusion Ltd (BFIL) has signed a Memorandum of Understanding (MoU) with the Animal Husbandry Department (AHD) of which state government to enhance doorstep delivery of livestock care to farmers in the state ______ Maharashtra.
Note:

➢ The Joint initiative is titled ‘Maha Pashudhan Sanjeevani’ and will be supported by BFIL as part of its Corporate Social Responsibility (CSR).
➢ The Scheme will be implemented under the Mukhyamantri Pashu Swasthya Yojana.
➢ The doorstep services will include curative treatment, vaccination, artificial insemination, preventive care and all animal husbandry related information.

11. Moody’s Investor Services has projected India’s GDP growth to be contracted by what percent the current financial year 2020-21 ______ 10.6% per cent.
Note:

➢ Earlier it had estimated the contraction rate as 11.5%.
➢ It also revised upwards its expectation for GDP growth rate to 10.8 percent for 2021-22 from the earlier 10.6 percent.

12. In association with which organization the United States Agency for International Development (USAID) have jointly launched Project Kirana in India  ______ Mastercard.
Note:

➢ The Mastercard and the United States Agency for International Development (USAID) have jointly launched Project Kirana in India.
➢ The project will work to increase revenue streams and adopt digital payments in kirana shops owned or operated by women.

13. Which became the first central bank in the world to have more than one million followers on its Twitter handle ______ Reserve Bank of India.
Note:

➢ RBI governor Shaktikanta Das congratulated his colleagues on this occasion. Mr Das has a separate Twitter handle with 1.37 lakh followers.
➢ India's monetary authority has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on the microblogging site with one million followers.

14. The Asian Development Bank has approved a USD 50 million loan to improve operational efficiencies and resource planning and management in which state  ______ West Bengal.
Note:

➢ The loan will support the integration of financial and information system and the expansion of automation reforms in the operations of the state government, which are expected to strengthen the delivery of public services and create fiscal savings.

15. Which Indian IT company will acquire the shares of Postbank Systems AG, the technology services unit of Frankfurt-based Deutsche Bank AG ______ TCS.
Note:

➢ Postbank Systems provides project management, application management and infrastructure support services to Deutsche Bank.
➢ The value of the deal was not disclosed.The transaction is expected to be completed by the year-end, subject to regulatory approvals

16. The Cabinet Committee on Economic Affairs approved the revamped viability gap funding (VGF) scheme envisaging a total outlay of ______ Rs 8,100 crore.
Note:

➢ 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.

17. As per the Reserve Bank of India, India’s GDP is likely to contract by what per cent in the second quarter (July-September) of FY 2020-21 ______ 8.6%.
Note:

➢ The RBI has estimated that the economy will contract by 9.5 per cent for the full fiscal year. Researchers have used the ‘nowcasting’ method to arrive at the estimates ahead of the official release of data and their views in an article in RBI’s monthly bulletin
➢ ‘India has entered a technical recession in the first half of 2020-21 for the first time in its history with Q2 2020-21 likely to record the second successive quarter of GDP contraction,’ as per the article titled ‘Economic Activity Index’, authored by Pankaj Kumar of the Monetary Policy Department.

18. Which two banks have been put in the so-called ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits ______ HDFC Bank and IndusInd Bank.
Note:

➢ A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit.
➢ FPIs can invest up to 74 per cent in both HDFC Bank and IndusInd Bank. The current FPI shareholding in case of HDFC Bank is 71.3 per cent, while that of IndusInd Bank is 73. 1 per cent, data provided by depository firm NSDL shows.

19. Which bank has selected Amazon Web Services (AWS) as its preferred cloud service to drive digital transformation ______ RBL Bank.
Note:

➢ At present, around 40 per cent of the bank’s mission-critical applications are on the cloud.
➢ The bank first migrated its corporate website to AWS cloud and with the experience gained initiated a 10-in-10 project (a complete migration of 10 applications in 10 days).
➢ The bank chose AWS for its commitment to security and highly reliable global infrastructure.

20. Which bank has launched a fully digital mode of payment at leading retail stores partnering with Pine Labs to unveil ‘Cardless EMI’ ______ ICICI Bank.
Note:

➢ ICICI Bank is the first lender in India to introduce a fully digital, cardless EMI facility at retail stores.
➢ For this facility the bank joined hands with Pine Labs, merchant commerce platform, to offer this facility across pan-India outlets of leading retailers namely Croma, Reliance Digital, My Jio Stores and Sangeetha Mobiles. 

Obituaries

1. Renowned politician Mridula Sinha passed away recently, she was former governor of which state ______ Goa.
Note:

➢ Former Governor of Goa and veteran BJP leader, Mridula Sinha passed away. She was the first woman Governor of Goa. She was also a proficient writer, making extensive contributions to the world of literature as well as culture.
➢ She has served as the head of the BJP’s women’s wing and Chairperson of Central Social Welfare Board in the Ministry of Human Resource Development.

2. Renowned personality R N Chibber passed away recently, he was a veteran  ______ Army Personnel.
Note:

➢ Born on September 23, 1934, Gen chibber was commissioned into the Army on June 2, 1995, and was posted in Afghanistan from 1972 to 1975 as a military attache.
➢ He was an outstanding officer, who also commanded the 8 Jat Regiment. His expertise and exceptional strategy put him in the forefront as a brilliant officer.

3. Renowned personality Ravi Belagere passed away recently, he was a veteran  ______ Journalist.
Note:

➢ Belagere was famous for writings on the crime world and his column ‘Paapigala Lokadalli’ was very popular.
➢ Known for his writing style, Belagere was honoured with many awards including the Karnataka Sahitya Academy award, Kannada Rajyothsava award, Karnataka Media Academy award and many more.

4. Renowned personality Soumitra Chatterjee passed away recently, he was a veteran ______ Actor.
Note:

➢ Chatterjee began his film acting career with Satyajit Ray’s Apur Sansar, the third film of the internationally acclaimed Apu trilogy. The partnership between the two grew over the course of 14 films.
➢ Chatterjee was also famed for his poetry, the written word only eclipsed by his impeccable diction, which still acts as the golden standard for actors starting out in Bengali theatre and cinema.

5. Renowned banker P G Kakodkar passed away following a cardiac arrest, he was Chairman of which bank ______ State Bank of India.
Note:

➢ Kakodkar joined SBI as a probationary assistant in the year 1957 and retired as chairman of the bank on March 31, 1997. During his tenure as chairman of the SBI, he was instrumental in the bank achieving several milestones.
➢ He was also on the Managing Committee of Goa Chamber of Commerce and Industries (GCCI).

Important Days

1. World Day of Remembrance for Road Traffic Victims 2020 was observed on which date ______ 15th November.
Note:

➢ The World Day of Remembrance for Road Traffic Victims (WDR) is commemorated on the third Sunday of November each year to remember the many millions killed and injured on the world’s roads, together with their families, friends and many others who are also affected.
➢ The theme for World Day of Remembrance for Road Traffic Victims 2020 is “First Responders” .It recognises “the selfless men and women who rescue, care for and support victims of road trauma.”

2. The International Day for Tolerance is annually observed on ______ 16th November.
Note:

➢ The day is observed to educate people about the need for tolerance in society and to help them understand the negative effects of intolerance.
➢ This day was created to encourage mindfulness and faith in human rights – in order to encourage equality and diversity across the world.

3. National Press Day is observed every year on ______ 16th November.
Note:

➢ 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.

4. What is the theme of the World Toilet Day 2020 celebrated every year on 19th November ______ Sustainable Sanitation and Climate Change.
Note:

➢ The official convener of the World Toilet Day is the UN-Water.
➢ In 2020, the World Toilet Day is celebrated under theme “Sustainable Sanitation and Climate Change”.
➢ According to the United Nations, more than 4.2 billion live without safely managed sanitation. Also, more than 673 million people still practice open defecation.

5. World Philosophy Day 2020 was observed on which date ______ 19th November.
Note:

➢ The Day encourages academic exchange and highlights the contribution of philosophical knowledge in addressing global issues.
➢ The 2020 edition invites the world to reflect on the meaning of the current pandemic, underlining the need, more than ever before, to resort to philosophical reflection in order to face the multiple crises we are going through.

6. What is the theme of the 59th National Pharmacy Week observed between November 16, 2020 and November 22, 2020 ______ Pharmacists: Frontline Health Professionals.
Note:

➢ The Indian Pharmaceutical Association has been organizing the National Pharmacy Week every year during the third week of November.
➢ This year the 59th National Pharmacy Week was celebrated.

7. Which state observed the National Unity Week from 19th to 25th of November in order to increase social harmony in the state ______ Maharashtra.
Note:

➢ 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.

8. The world television day is observed every year on which date ______ 21st November.
Note:

➢ The day marks the association of emerging and traditional forms of broadcast.
➢ The World Television Day theme of the 2020 edition is TV makes a difference.

9. World Fisheries day is celebrated every year on ______ November 21.
Note:

➢ The day highlights the importance of healthy oceans ecosystems and to ensure sustainable stocks of fisheries in the world.
➢ The World Fisheries Day 2020 celebrated under the theme Social Responsibility in the fisheries value chain.

New Appointments

1. Who has been appointed as the as the administrator of the crisis ridden Laxmi Vilas Bank by the Reserve Bank of India ______ T. N. Manoharan.
Note:

➢ The RBI has also drafted a scheme of amalgamation for LVB with DBS Bank of India and aims to complete the merger process before moratorium period ends.
➢ The proposed amalgamation will provide stability and better prospects to LVB's depositors, customers and employees.

2. Who has been appointed as the first Chairperson of Reserve Bank Innovation Hub ______ Kris Gopalakrishnan.
Note:

➢ He was appointed by the Reserve Bank of India. The Reserve Bank Innovation Hub aims to promote innovation across financial sector.
➢ The RBI set up the hub to promote, support and hand-hold cross thinking. The hub will aim to increase the use of innovative technologies across the finance sectors.

3. Who has been appointed as the brand ambassador of Financepeer, Google incubated education fee financing company ______ Rohit Sharma.
Note:

➢ Rohit Sharma will be supporting Financepeer to transform the education sector and introduce innovation across the various segments of education.
➢ This collaboration between Rohit Sharma and Financepeer will increase the reach of edtech and Fintech platforms of Financepeer among the Indian parents and schools.

4. Who is set to become the first woman President of Moldova after winning the Presidential election with around 57.75% of votes ______ Maia Sandu.
Note:

➢ Maia Sandu, won the election defeating the pro-russian incumbent president, Igor Dodon by 15 points (42.25% of votes).
➢ Maia Sandu worked for the World Bank and later became the prime minister of Moldova in 2019.

5. Who has been appointed as the new brand ambassador of ESFBL  ______ Smriti Mandhana.
Note:

➢ Mandhana will feature in promoting Equitas Small Finance Bank’s new product aimed at women called Eva.
➢ ‘Eva’ is a unique savings account which tries to address the well-being of Indian women in every aspect such as Health, Wealth and Prosperity as per the Bank.

6. Who has been appointed as state icon of Punjab by the Election Commission of India (ECI) ______ Sonu Sood.
Note:

➢ The decision of honouring Sonu Sood with the title comes after he earned laurels for his humanitarian work during the lockdown.
➢ Sonu has been helping migrant workers reach their hometowns amid the coronavirus pandemic. He also helped people by giving them face masks, food, mobile phones and more.

7. Who has been appointed as a Whole-time member (distribution) of the Insurance Regulatory and Development Authority of India (IRDAI) ______ SN Rajeswari.
Note:

➢ She is appointed for a period of 3 years or till attaining the age of 62.
➢ The centre appointed her as the CMD of Oriental Insurance in August 2020, she will hold the position as CMD till the end of May 2022.

8. Who has been elected as External Auditor of Inter Parliamentary Union (IPU), Geneva for three years ______ Girish Chandra Murmu.
Note:

➢ Murmu will assume the position shortly by taking charge from Supreme Audit Institution of Switzerland.
➢ The CAG of India has been the external auditor of various international organisations. He has earlier also been on the UN Board of Auditors from 1993 to 1999 and 2014 to 2020.

9. Who has been appointed the White House Fellow for the year 2020-21  ______ Pia Dandiya.
Note:

➢ Dandiya, the founding principal of Democracy Prep Endurance High School in Harlem, New York, is the only Indian American among 14 White House Fellows announced this year.

10. Who has been appointed as managing director and chief executive officer of HDFC Asset Management Co. Ltd. ______ Navneet Munot.
Note:

➢ Munot, who was earlier chief investment officer (CIO) at SBI Mutual Fund, will be succeeding Milind Barve, who has been MD and CEO of HDFC AMC since inception in 2000.

11. Who has been appointed as state icon of Punjab by the Election Commission of India (ECI) ______ Sonu Sood.
Note:

➢ The decision of honouring Sonu Sood with the title comes after he earned laurels for his humanitarian work during the lockdown.
➢ Sonu has been helping migrant workers reach their hometowns amid the coronavirus pandemic. He also helped people by giving them face masks, food, mobile phones and more.

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