Weekly Current Affairs (22nd to 30th November 2020) Part - 1 Notes | EduRev

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Current Affairs : Weekly Current Affairs (22nd to 30th November 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (22nd to 30th November 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
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Current Affairs Days
World Philosophy Day

  • World Philosophy Day is observed on the third Thursday of November every year to strengthen people’s commitment to philosophy by fostering philosophical analysis, research, and studies on major contemporary issues. The 2020 edition of World Philosophy Day, to be celebrated this year on November 19.

Women’s Entrepreneurship Day

  • Women’s Entrepreneurship Day (WED) is a day on which the work of women entrepreneurs is observed and discussed, held on the November 19 of each year.

World Television Day

  • The United Nations’ (UN) World Television Day is annually observed in many places around the world on November 21.

World Fisheries Day

  • World Fisheries Day is being celebrated. The day is observed every year on 21st of November to demonstrate solidarity with all fisher-folk communities, fish farmers and concerned stakeholders throughout the world.

World Children’s Day 2020

  • World Children’s Day is being celebrated, November 20. It was first celebrated in 1954 as Universal Children’s Day to promote international togetherness and awareness among children worldwide, and for improving children’s welfare.

Africa Industrialization Day-20 November

  • Within the framework of the Second Industrial Development Decade for Africa (1991-2000), the United Nations General Assembly, in 1989, proclaimed 20 November “Africa Industrialization Day” (A/RES/44/237).

World Antimicrobial Awareness Week 2020

  • World Antimicrobial Awareness Week (WAAW) -18-24 November every year aims to increase awareness of global antimicrobial resistance (AMR) and to encourage best practices among the general public, health workers and policy makers to avoid the further emergence and spread of drug-resistant infections. The theme for the human health sector for WAAW 2020 is “United to preserve antimicrobials“.

National Cadet Corps to celebrate its 72nd Raising Day

  • National Cadet Corps (NCC), the largest uniformed youth organisation in the world, will celebrate its 72nd Raising Day.

Martyrdom Day of Guru Tegh Bahadur being observed

  • Martyrdom Day of Guru Tegh Bahadur, the ninth Guru of Sikhs, is being observed across the country on 24th November.

International Day for the Elimination of Violence against Women- 25 November

  • The UN Secretary-General’s UNiTE to End Violence against Women campaign, a multi-year effort aimed at preventing and eliminating violence against women and girls. This year’s theme for the International Day for the Elimination of Violence against Women is “Orange the World: Fund, Respond, Prevent, Collect!”.

National Pharmacy Week 2020

  • The 59th National Pharmacy Week (NPW) was celebrated throughout the country from November 16-22, 2020. The theme of the NPW 2020 is “Pharmacists: Frontline Health Professionals“.

AAI observes Aviation Safety Awareness Week 2020

  • Airports Authority of India (AAI) is observing the Aviation Safety Awareness Week 2020 from 23 November to 27 November 2020. The week-long celebration is being observed at all airports and ANS locations managed by AAI across India.

Constitution Day being celebrated across the country

  • Constitution Day is being celebrated across the country to mark the adoption of the Indian Constitution by the Constituent Assembly. The day is also known as National Law Day and commemorates the adoption of the Constitution in India. On 26th November in 1949, the Constituent Assembly of the country formally adopted the Constitution of India which came into force on 26th January 1950.

National Milk Day: 26 November

  • National Milk Day is celebrated across the country on November 26 every year on the birthday of Dr Verghese Kurien. This day marks the birth anniversary of Verghese Kurien, the Father of White Revolution in India.

Guru Nanak Jayanti being celebrated with traditional fervour

  • Guru Nanak Jayanti or Gurpurab is being celebrated with religious fervour across India and the world on 30th November . It marks the birth of the first Sikh Guru, Guru Nanak, who laid the foundation of Sikhism. This year marks the 551st birth anniversary of Guru Nanak Dev.

National Organ Donation Day 

  • The 11th Indian Organ Donation Day was celebrated by the Union Health Ministry in New Delhi.
  • Every year, for the past 10 years, 27 November has been celebrated as the ‘Indian Organ Donation Day’ in the country.

International Day of Solidarity with the Palestinian People- 29 November

  • In 1977, the General Assembly called for the annual observance of 29 November as the International Day of Solidarity with the Palestinian People (resolution 32/40 B). On that day, in 1947, the Assembly adopted the resolution on the partition of Palestine (resolution 181 (II))

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Indian Pharmaceutical Association

  • President: T.V. Narayana.
  • The Indian Pharmaceutical Association (IPA) founded in 1939.

Airports Authority of India

  • Headquarters: New Delhi.
  • Founded: 1 April 1995.
  • Chairman: Arvind Singh.

Palestian

  • Capitals:Ramallah, EastJerusalem;
  • Currency: Shekel,Dinar

Current Affairs: National

Union IT and Communications Minister Shri Ravi Shankar Prasad releases “My Stamp on Chhath Puja”

  • Shri Ravi Shankar Prasad, Union Minister of Communications, Electronics & Information Technology and Law and Justice released a “My Stamp on Chhath Puja”.

PM Modi virtually inaugurates five state-of-the-art facilities to mark 8th convocation of PDPU at Gandhinagar

  • Prime Minister Narendra Modi has virtually inaugurated five state-of-the-art facilities to mark the eighth convocation of Pandit Deendayal Petroleum University – PDPU at Gandhinagar .

Dharmendra Pradhan inaugurates Seismic Survey Campaign by Oil India Ltd

  • Union Petroleum and Natural Gas Minister Dharmendra Pradhan inaugurated the Seismic Survey Campaign by Oil India Limited. The survey under the Open Acreage Licensing Policy, OALP, will be undertaken in 5 blocks of 8 districts of Odisha in the Mahanadi basin and nearby areas.

Health Minister chairs an event to mark National Newborn Week 2020

  • Health Minister Harsh Vardhan chaired an event to mark the National Newborn Week 2020, being observed from 15th to 21st November to reinforce the importance of newborn health as a key priority area of the health sector and to reiterate the commitment at the highest level.
  • This year, the theme of National Newborn Week is ‘Quality, Equity, Dignity for every newborn at every health facility and everywhere.

RailTel bags e-office phase 3 project from Indian Railways

  • RailTel has bagged Indian Railway’s e-office phase 3 project from the Indian Railways. Under the project, RailTel will implement e-office for Zonal Railways (Phase 3) using cloud enabled e-office application developed by NICs (National Informatics Centre) on November 11, 2020 .

Centre launches Safai Mitra Suraksha Challenge in 243 cities

  • Union minister Hardeep Singh Puri launched the Safaimitra Suraksha Challenge, aimed to ensure that no person needs to enter a sewer or septic tank, unless absolutely unavoidable in the interest of greater public hygiene.
  • The virtual event witnessed participation of representatives from 243 cities across the country, coming together to take a pledge to mechanize all sewer and septic tank cleaning operations by 30th April 2021.

Health Minister Harsh Vardhan addresses Boston Center of Excellence for Health & Human Development

  • Health Minister Harsh Vardhan addressed the Boston Center of Excellence for Health and Human Development through Video Conference.

Ministry of Tourism organizes a webinar on “India’s Hidden Gems”under Dekho Apna Desh Webinar Series

  • The Ministry of Tourism’s Dekho Apna Desh Webinar series titled “India’s Hidden Gems” on 21stNovember 2020 focused on hidden gems of India. India is truly like a kaleidoscope, where every twist and turn will present you with a different pattern of landscape, colour, cuisine and culture.

Govt Extends Period For Submission Of Life Certificate By Central Govt Pensioners Till 28th Feb 2021

  • Government has extended the period for submission of Life Certificate by Central Government pensioners till 28th February next year.
  • Earlier, the government had extended the timeline for submission of Life Certificate from 1st of November to 31st of December, 2020.

Education Minister inaugurates 46 online ATAL Faculty Development Programmes

  • Education Minister Ramesh Pokhriyal ‘Nishank’ inaugurated 46 online AICTE Training and Learning (ATAL) Academy Faculty Development Programmes (FDPs) to train teachers of higher education institutions. The FDPs will be conducted in 22 Indian states.

India, EU hold 6th round of consultations on disarmament & non-proliferation matters

  • India and the European Union held the sixth round of consultations on disarmament and non-proliferation matters in a virtual format.

Ravi Shankar Prasad launches international version of UMANG App

  • To mark the occasion of 3 years of UMANG and 2000 plus services milestone, an online conference was organized under the chairmanship of  Minister for Electronics and Information Technology, Ravi Shankar Prasad. The UMANG mobile app -Unified Mobile Application for New-age Governance is a Government of India all-in-one single, unified, secure, multi-channel, multi-lingual, multi-service Mobile App.

HM Amit Shah inaugurates mobile COVID-19 RT-PCR Lab at ICMR in New Delhi

  • Home Minister Amit Shah inaugurated a mobile COVID-19 RT-PCR Lab at the Indian Council of Medical Research (ICMR) in New Delhi. It has been jointly developed  by Spice Health and the ICMR.

Govt. aims to replace safeguard duty with custom duty to protect local manufacturers of solar equipment, says Power Minister R K Singh

  • Minister of State for Power and New and Renewable Energy R K Singh has stated, India is going to replace the safeguard duty with the custom duty to protect the local manufacturers of solar equipment. He stated, some countries are dumping solar equipment at very low prices in our country to destroy local manufacturers.

Agriculture Minister unveils ‘Sahakar Pragya’ to impart training to primary cooperative societies in rural areas

  • Agriculture Minister Narendra Singh Tomar unveiled Sahakar Pragya. The 45 new training modules of Sahakar Pragya of the National Cooperative Development Corporation (NCDC) will impart training to primary cooperative societies in rural areas of the country along with Lakshmanrao Inamdar National Cooperative Research and Development Academy.

Govt approves 7 proposals of Food Processing Projects worth over Rs 234 cr

  • The government has approved seven proposals of Food Processing Projects worth over 234 crore rupees. It also includes  grants-in-aid of 87 crores rupees in Meghalaya, Gujarat, Madhya Pradesh, Karnataka, and Maharashtra.

Tenth edition of National Science Film Festival kicks off in virtual mode

  • Tenth edition of prestigious science film festival got off in a virtual mode. VigyanPrasar, an autonomous agency under the Department of Science and Technology, Government of India, has been organizing the four-day long festival as a part of its science popularization endeavour.

Expert panel recommends 5 technologies for drinking water, sanitation

  • A high-level multi-disciplinary technical panel in the Department of Drinking Water and Sanitation has recommended five technologies, three for safe drinking water and two for sanitation, an official statement stated. The panel was headed by K VijayRaghavan, the principal scientific adviser to the government.

Cabinet approves infusion of 6000 crore rupees in NIIF; Lakshmi Vilas Bank to be merged with DBS Bank India Limited

  • Union Cabinet has approved equity infusion by Government of 6000 crore rupees in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund, comprising Aseem Infrastructure Finance Limited and NIIF Infrastructure Finance Limited.
  • Information and Broadcasting Minister Prakash Javadekar informed that Cabinet has approved Scheme of Amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank India Limited.

PM Narendra Modi chairs 33rd PRAGATI interaction

  • Prime Minister Narendra Modi chaired the PRAGATI meeting. It marked Prime Minister’s thirty-third interaction through PRAGATI – the ICT based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Central and State governments.

All fixed to mobile calls to be dialed with prefix ‘0’ from Jan 15

  • Communications Ministry has stated all Fixed to Mobile calls will be dialed with prefix ‘0’ from 15th January next year. There will be no change in dialing plan from fixed to fixed, mobile to fixed and mobile to mobile calls.

NITI Aayog Forms Panel To Study Feasibility Of Hyperloop Tech In India

  • Government think-tank NITI Aayog has formed a high-level panel to explore the technological and commercial viability of the Virgin Hyperloop technology for ultrahigh speed travel in India, weeks after its first test was completed with humans on board.
  • The committee has NITI Aayog member VK Saraswat as its Chairman and Adviser (Infrastructure Connectivity, Niti Aayog) Sudhendu Jyoti Sinha as its convener.

Cabinet minister Narendra Singh Tomar virtually inaugurates Phagwara mega food park in Punjab

  • Union Food Processing Industries Minister Narendra Singh Tomar virtually inaugurated the Rs 107.83 crore mega food park at Phagwara in Kapurthala district of Punjab which is likely to generate 5,000 jobs.

Railway launches completely digitized online Human Resource Management System

  • Indian Railway has launched a completely digitized online Human Resource Management System (HRMS). HRMS is a high thrust project for Indian Railways to leverage improved productivity and employee satisfaction. It is a move to improve efficiency and productivity of the Railway system.

Shri Thaawarchand Gehlot E-Launches ‘National Portal for Transgender Persons’ and E-Inaugurates Garima Greh: A Shelter Home for Transgender Persons in Gujarat

  • Union Minister for Social Justice & Empowerment Shri Thaawarchand Gehlot e-launched a ‘National Portal for Transgender Persons’ and e-inaugurated a ‘Garima Greh: A Shelter Home for Transgender Persons’ in Vadodara, Gujarat .

Nitin Gadkari inaugurates Highway projects worth over Rs 7400 Cr in Uttar Pradesh

  • Union Minister Nitin Gadkari inaugurated and laid the foundation stones of 16 National Highway projects worth 7477 crore rupees in Uttar Pradesh.

APEDA holds Virtual Buyer Seller Meet with Germany

  • Agricultural and Processed Food Products Export Development Authority, APEDA, continued its endeavour to promote export of agricultural products through the virtual medium. Several virtual buyer seller meets were organised with the importing countries in association with the Indian Missions abroad.

India has emerged as fourth largest producer of renewable energy in world: PM Modi

  • Prime Minister Narendra Modi stated India’s renewable power capacity is the 4th largest in the world and it is growing at the fastest speed among all major countries. He stated, the renewable energy capacity in India is currently 136 Giga Watts, which is about 36 percent of the country’s total capacity.

Railways Minister Piyush Goyal inaugurates newly electrified Dhigawara-Bandikui section of NW Railway

  • Minister of Railways Piyush Goyal inaugurated the newly electrified Dhigawara-Bandikui section of North Western Railway. He also flagged off the first train on this newly electrified route at the function organized at Dhigawara station.

Govt. announces Rs 900 crore package for COVID-19 Vaccine Development Mission

  • The Centre has announced the third stimulus package of Rs 900 crore for the Mission COVID Suraksha– The Indian COVID-19 Vaccine Development Mission.

PM Modi to inaugurate six-lane widening project of Varanasi-Prayagraj section of NH-19

  • Prime Minister Narendra Modi will visit Varanasi and dedicate to the nation the six-lane widening project of the Handia (Prayagraj) – Rajatalab (Varanasi) section of National Highway 19. During the tour, the Prime Minister will attend Dev Deepawali, undertake a site visit of Kashi Vishwanath Temple Corridor Project and also visit the Sarnath Archaeological Site.

EPFO extends deadline for submission of Jeevan Pramaan Patra to February 28, 2021

  • Taking into consideration the ongoing COVID-19 pandemic and the vulnerability of the elderly population to the virus, the Employees’ Provident Fund Organisation (EPFO) has extended the date for submission of Life Certificate (Jeevan Pramaan Patra-JPP) to February 28, 2021.

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Minister of Communications

  • Union Minister of Communications, Electronics & Information Technology and Law and Justice: Shri Ravi Shankar Prasad
  • Constituency: Bihar

Ministry of Science and Technology

  • Union minister of Science and Technology, Minister of Health and Family Welfare and Minister of Earth Sciences: Dr. Harsh Vardhan
  • Constituency: Chandni Chowk

Indian Railways

  • Headquarters: New Delhi, India
  • Piyush Goyal (Minister of Railways)
  • Vinod Kumar Yadav (Chairman, Railway Board)

MoHUA

  • Minister of Housing and Urban Affairs and Civil Aviation: Hardeep Singh Puri
  • Constituency: Amristar

Ministry of Personnel, Public Grievances and Pensions

  • Narendra Modi, Prime Minister of India and Minister of Personnel, Public Grievances and Pensions
  • Jitendra Singh, Minister of State for Personnel, Public Grievances and Pensions

European Union

  • President of the Commission: Ursula von der Leyen
  • Capital: Brussels

Ministry of Home Affairs

  • Amit Shah, Minister of Home Affairs
  • Constituency: Gujarat

Ministry of New and Renewable Energy

  • Raj Kumar Singh: Minister of State (Independent Charge)
  • Constituency: Arrah

National Cooperative Development Corporation

  • Headquarters: New Delhi, India
  • Sundeep Kumar Nayak, Managing Director

Minister of Agriculture and Farmer’s Welfare

  • Narendra Singh Tomar, (Cabinet Minister)
  • Constituency: Morena, Madhya Pradesh
  • Parsottambhai Rupala, (Minister of State)

Ministry of Food Processing Industries

  • Narendra Singh Tomar, Minister of Food Processing Industries
  • Constituency: Morena, Madhya Pradesh
  • Rameswar Teli, Minister of State for Food Processing Industries

Ministry of Jal Shakti

  • Gajendra Singh Shekhawat, Cabinet Minister
  • Constituency: Jodhpur
  • Rattan Lal Kataria, Minister of State

National Investment and Infrastructure Fund

  • National Investment and Infrastructure Fund is India’s first infrastructure specific investment fund that was set up by the Government of India in February 2015.
  • Headquarters: Mumbai, India
  • Sujoy Bose: CEO

MEITY

  • Union Minister of the Law and Justice, Electronics and Information Technology and Communications: Ravi Shankar Prasad
  • Constituency: Patna sahib, Bihar

Niti Aayog

  • Headquarters:New Delhi
  • Narendra Modi, (Chairperson)
  • Rajiv Kumar, (Vice Chairperson)
  • Amitabh Kant, (CEO)

MoA&FW

  • Minister of Agriculture and Farmers Welfare , Food Processing Industries and Rural Development and Panchayati Raj: Narendra Singh Tomar
  • Constituency: Morena, Madhya Pradesh

Ministry of Social Justice and Empowerment

  • Thaawar Chand Gehlot, Cabinet Minister
  • Constituency: Madhya Pradesh
  • Krishan Pal Gurjar, Minister of State

Agricultural and Processed Food Products Export Development Authority

  • Headquarters: New Delhi
  • Chairman: Dr. M. Angamuthu
  • Parent organization: Ministry of Commerce and Industry, Government of India

Germany

  • Capital: Berlin
  • Currency: Euro

Ministry of Railways

  • Piyush Goyal, Minister of Railways
  • Constituency: Maharashtra
  • Vinod Kumar Yadav, Chairman and CEO

MoH&FW

  • Minister of Science and Technology, Minister of Health and Family Welfare and Minister of Earth Sciences: Harsh Vardhan
  • Constituency: Chandni Chowk, New Delhi

EPFO

  • Founded: 4 March 1952
  • Headquarters: New Delhi, India
  • Sunil Barthwal: Central Provident Fund Commissioner

Current Affairs: International

UNICEF lays plans to deliver Covid-19 vaccine to 92 low-income countries

  • United Nations Children’s Fund (UNICEF) has started collaborating with airlines, shipping lines, and freight operators, among other logistics, to deliver lifesaving coronavirus vaccine as quickly as possible, stated. With such collaborations, UNICEF aims to manage the purchase and delivery of vaccines in 92 low- and lower-middle-income economies.

India  announces launch of Phase-IV of High Impact Community Development Projects in Afghanistan

  • India has announced the launch of Phase-IV of the High Impact Community Development Projects in Afghanistan. It envisages more than 100 projects worth  80 million dollars that India would undertake in Afghanistan.

UN release $25 mn for women-led projects fighting gender-based violence

  • The United Nations humanitarian chief has released 25 million US dollars from its emergency fund to support women-led organisations that prevent and respond to gender-based violence.

UNDP, Invest India launch SDGs Investor Map for India

  • United Nations Development Programme, UNDP and Invest India have launched the Sustainable Development Goals (SDGs) Investor Map for India. It laid out 18 Investment Opportunities Areas in six critical SDG enabling sectors, that can help the country push forward on the trajectory of Sustainable Development.

4th NSA-level meeting held between India, Sri Lanka and Maldives

  • The fourth National Security Advisor Level Meeting on Trilateral Maritime Security Cooperation was held between India, Sri Lanka and Maldives in

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UNICEF

  • Headquarters: New York, United States
  • Head: Henrietta H. Fore

Afghanistan

  • Capital: Kabul
  • President: Ashraf Ghani
  • Currency: Afghan afghani

United Nations

  • Headquarters: New York, United States
  • Founded: 24 October 1945
  • Secretary general: António Guterres
  • United Nations Development Programme:
  • Headquarters: New York, United States
  • Head: Achim Steiner

Maldives

  • Capital: Malé
  • Currency: Maldivian rufiyaa
  • President: Ibrahim Mohamed Solih

Current Affairs: Banking and Finance

LIC launches digital application tool for agents

  • Life Insurance Corporation of India has launched a digital application for agents for on boarding to get a life insurance policy.
  • The Digital Application is called “ANANDA”, which is an acronym for Atma Nirbhar Agents NewBusiness Digital Application.

Moody’s revises India’s 2020-21 GDP contraction to 10.6%

  • Moody’s Investors Service has revised its GDP projection for India in 2020-21 to a 10.6% contraction compared to a 11.5% drop it had estimated. The rating agency has also marginally elevated its forecast for 2021-22 GDP growth from 10.6% to 10.8%.

Mastercard, USTATED join hands for Project Kirana to empower women through financial inclusion

  • Global payments technology major Mastercard has joined hands with the United States Agency for International Development (USTATED for Project Kirana that will help increase revenue streams, expand financial inclusion and digital payments adoption of kirana shops that are owned or operated by women.

SBI Signs Pact With Luxembourg Stock Exchange

  • State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Luxembourg Stock Exchange (LuxSe). The MoU will help SBI and LuxSE set up a long-term cooperation mechanism, and promote ESG (Environmental, Social, and Corporate Governance) and green finance.

RBI Imposes Over Rs 5.78 Crore Fine on Six Entities Including PNB, Sodexo and PhonePe

  • The Reserve Bank of India (RBI) has imposed a total fine of over Rs 5.78 crore on six entities, including PNB, Sodexo and PhonePe, for violating regulatory guidelines. In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the RBI has imposed monetary penalty on these entities for non-compliance of regulatory guidelines, it stated.

RBI panel proposes to raise promoters cap to 26% in private banks

  • An internal working group set up by the RBI has proposed to raise the cap on promoters’ stake in private banks from the current 15 per cent to 26 per cent in 15 years.

ADB approves $50 mn loan to improve resource planning in West Bengal

  • The Asian Development Bank stated it has approved a USD 50 million loan to improve operational efficiencies and resource planning and management in West Bengal.

South Indian Bank, Canara, Axis, Indian Bank purchase stake in IBBIC

  • Canara Bank, Axis Bank, Indian Bank and South Indian Bank have acquired 67% stake each in financial technology firm, IBBIC, at Rs 10 per equity share for a cash consideration of Rs 5 lakh each.
  • Canara Bank (down 0.27%), Axis Bank (down 1.54%), Indian Bank (up 0.40%) and South Indian Bank (up 4.56%) advanced.

StashFin Partners With Visa To Launch Co-branded Prepaid Cards With Credit Lines

  • Singapore-based neobanking startup StashFin announced to have partnered with Visa with an aim to launch co-branded prepaid cards with credit lines and expand its digital banking footprint in existing and new geographies.

Infibeam Avenues collaborates with Bank Muscat for digital payment services

  • E-commerce and online payments services provider Infibeam Avenues Limited announced its collaboration with Bank Muscat, Oman’s biggest bank, to offer high-end payment gateway services to merchants in Oman.

HDFC Bank rolls out ‘Mouth Shut’ campaign against cyber frauds

  • HDFC Bank has launched the ‘Mouth Shut’ campaign across Tamil Nadu to increase awareness about cyber frauds. The bank plans to conduct Secure Banking workshops, numbering about a hundred across the State in the next four months.

Muthoot Finance, Bajaj Allianz in tie-up for gold jewellery insurance

  • Muthoot Finance has tied up with Bajaj Allianz General Insurance to provide insurance on gold jewellery as part of their new initiative, Muthoot Gold Shield, which is backed and powered by Group Affinity All Risk policy of Bajaj Allianz General Insurance.

ESIC extends ABVKY scheme up to June 2021

  • ESI Corporation (ESIC) has announced the extension of the “Atal Beemit Vyakti Kalyan Yojana” (ABVKY) by another one year up to June 30, 2021 and relaxed the eligibility conditions for the period between March 24, 2020 and December 31, 2020.

NSDL Payments Bank, HDFC ERGO Join Hands To Offer Customised Insurance Solutions To Customers

  • HDFC ERGO General Insurance Company has tied up with NSDL Payments Bank Limited to offer a range of general insurance products to the bank’s customers, a company statement stated. NSDL Payments Bank Limited is a subsidiary of National Securities Depository Ltd.

Home Ministry relaxes FCRA account norms for NGOs

  • The Union Ministry of Home Affairs has relaxed the norms for the NGOs mandated to maintain FCRA account under the Foreign Contribution Regulation Act (FCRA) with the State Bank of India.

IPPB ties-up with PNB MetLife to extend PMJJBY Insurance

  • India Post Payments bank (IPPB) has tied-up with PNB MetLife India Insurance, for its customers availing the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

HDFC Life, HDFC Ergo partner for complete cover against Covid -19

  • HDFC Life Insurance and HDFC Ergo Health Insurance have partnered to launch a combi product that aims to provide a complete financial protection package in the current Covid-19 pandemic.

Mercedes-Benz joins hands with SBI to target HNI customers

  • Mercedes-Benz has joined hands with State Bank of India (SBI) to offer financial benefits to the lender’s High Net Worth Individual (HNI) customers.

CBDT will validate UDIN generated from ICAI portal at the time of upload of Tax Audit Reports: Finance Ministry

  • Finance Ministry has stated, CBDT will validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports.

FDI surges to 30 billion dollars in Apr-Oct this year

  • Union Minister Prakash Javadekar stated Foreign Direct Investment into India surged by a healthy 15 percent to 30 billion dollars in April – October this year.

IRDAI approves Mitsui Sumitomo’s Max Life stake swap with MFSL

  • Max Financial Services Ltd (MFSL) stated Insurance Regulatory and Development Authority of India (Irdai) approved the proposed transfer of 47 crore shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance held by Mitsui Sumitomo Insurance to MFSL.

ICICI Lombard gets IRDAI’s ‘in-principle approval’ to acquire Bharti AXA General Insurance

  • The Insurance Regulatory and Development Authority of India (IRDAI) gave an in-principle approval to the acquisition of General Insurance business of Bharti AXA General Insurance Company Limited by ICICI Lombard General Insurance Company Limited, the company stated.

Sebi launches SMARTs program to strengthen investor education framework

  • 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.

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LIC

  • Headquarters: Mumbai
  • Chairperson: M R Kumar

Moody’s Investors Service

  • CEO: Raymond W. McDaniel Jr.
  • Headquarters: New York, New York, United States

Mastercard

  • CEO: Ajaypal Singh Banga
  • Headquarters: New York, United States

SBI

  • Chairperson: Rajnish Kumar
  • Headquarters: Mumbai
  • Founded: 1 July 1955

PNB

  • Headquarters: New Delhi
  • CEO: S. S. Mallikarjuna Rao

RBI

  • Governor: Shaktikanta Das
  • Deputy Governors: BP Kanungo, MK Jain, MD Patra and Rajeshwar Rao.
  • Headquarters: Mumbai

ADB

  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa

Indian Bank

  • Headquarters: Chennai
  • CEO: Padmaja Chunduru
  • Tagline :Your Own Bank, Banking That’s Twice As Good

Axis Bank

  • CEO: Amitabh Chaudhry
  • Headquarters: Mumbai
  • Founded: 1993, Ahmedabad

Visa

  • CEO: Alfred F Kelly Jr
  • Headquarters: San Francisco, California, United States

HDFC

  • CEO: Aditya Puri
  • Headquarters: Mumbai

Muthoot Finance

  • Headquarters: Kochi, Kerala, India
  • G. George Muthoot:(Chairman)

Employees’ State Insurance Corporation

  • ESIC is a Statutory and an Autonomous Body under the Ministry of Labour and Employment, Government of India.
  • Founded: 24 February 1952
  • Headquarters: New Delhi, India

HDFC ERGO General Insurance Company

  • CEO: Ritesh Kumar
  • Headquarters: Mumbai

India Post Payments Bank

  • Headquarters:New Delhi, India
  • Pradeep Kumar Bisoi: (Secretary, Department of Post)
  • J Venkatramu: (MD & CEO)

HDFC Life Insurance

  • CEO: Vibha Padalkar
  • Headquarters: Mumbai

HDFC ERGO General Insurance Company

  • CEO: Ritesh Kumar
  • Headquarters: Mumbai

Mercedes-Benz AG

  • Headquarters :Stuttgart,Germany
  • Ola Källenius, Chairman of the Board of Management

CBDT

  • Headquarters: New Delhi
  • Chairman:Pramod Chandra Mody

The Institute of Chartered Accountants of India

  • Headquarters: New Delhi , India
  • President: Atul Kumar Gupta

Foreign Direct Investment

  • A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.

Max Group

  • Headquarters: New Delhi, India
  • Analjit Singh (group chairman)
  • Rahul Khosla (group president)

IRDAI

  • Headquarters: Hyderabad
  • Chairperson: Subhash Chandra Khuntia

ICICI Lombard

  • CEO: Bhargav Dasgupta
  • Headquarters: Mumbai

SEBI

  • Founded: 12 April 1992
  • Headquarters: Mumbai
  • Chairperson:Ajay Tyagi

Current Affairs: Business and Economy

CCI approves Reliance- Future deal

  • The Competition Commission of India (CCI) approves acquisition by Reliance Retail Ventures Limited (“RRVL”), Reliance Retail and Fashion Lifestyle Limited (“RRVL WOS”) of the retail and wholesale undertaking and the logistics and warehousing undertaking of the Future Group under Section 31(1) of the Competition Act, 2002.

Indian Oil successfully tests ‘zero-emission e-mobility’

  • Indian Oil Corporation Ltd has successfully conducted a ‘Proof of Concept’ feasibility study on ‘zero-emission electric mobility’ at one of its fuel stations in Bengaluru.

SpiceJet launches dedicated freighter services to Leh in Ladakh

  • Airline major SpiceJet launched dedicated freighter services connecting Leh with the rest of the country.
  • Accordingly, the airline operated its first freighter flight from Delhi to Leh carrying 13 tonnes of cargo The flight was operated by SpiceXpress, the dedicated cargo arm of SpiceJet.

Honey FPOs will help in achieving the goal of increasing income of small farmers: Narendra Singh Tomar

  • The Honey FPO Programme of National Agricultural Cooperative Marketing Federation of India Ltd was inaugurated by Agriculture Minister Narendra Singh Tomar. The inauguration programme was hosted online and attended by the new Honey FPOs, farmers and FPOs from various parts of the country.

Flipkart, GiveIndia Foundation provide 50,000 PPE kits to UP

  • E-Commerce Company Flipkart in collaboration with GiveIndia Foundation provided 50,000 Personal Protective Equipment (PPE) kits to the state government.

Static GK

Indian Oil Corporation

  • Chairperson: Shrikant Madhav Vaidya
  • Headquarters: New Delhi

SpiceJet

  • CEO: Ajay Singh
  • Headquarters: Gurugram

National Agricultural Cooperative Marketing Federation of India Ltd

  • Founded: 2 October 1958
  • Headquarters: New Delhi
  • Chairman: Bijendra Singh

Flipkart Private Limited

  • CEO: Kalyan Krishnamurthy
  • Headquarters: Bengaluru, Karnataka
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