BITA (Banking Institute & TNPSC Academy)
4 December 2020
NATIONAL NEWS
·
Kolkata’s Majerhat
Bridge Named “Jai Hind” to mark Subhas Chandra Bose’s 125th Birth Anniversary
West
Bengal Chief Minister Mamata Banerjee named the newly-built
Majerhat bridge in Kolkata as “Jai Hind” bridge to commemorate
the 125th birth anniversary of Subhas Chandra Bose.
- The 650-metre-long bridge, which has
been built in the place of an old one that collapsed in September 2018.
- The bridge, on the arterial Diamond Harbour Road, connects the central part of the city to the soutwestern suburbs of Behala and beyond.
- INTERNATIONAL NEWS
· On 04 December 2020 Current Affairs:The 7th India-Suriname Joint Commission Meeting (JCM) was held virtually on 2nd December 2020.
- The Ministers discussed the importance of this mechanism to deepen the political dialogue, reviewed bilateral ties, and exchanged views on regional and multilateral cooperation.
- The meeting was co-chaired by the Minister of State for External Affairs, V Muraleedharan, and the Minister of Foreign Affairs, International Business and International Cooperation of the Republic of Suriname, Ambassador Albert R. Ramdin.
India & USA signs MoU on Intellectual Property
Cooperation
- The Government
of India and the United States of America (USA) have
signed a Memorandum of Understanding (MoU) in the field of Intellectual
Property Cooperation.
- As a part
of this MoU, the two sides will develop Biennial Work Plan to implement
the MoU which will include the detailed planning for carrying out of the
co-operation activities including the scope of action. The Union Cabinet
had approved the signing the MoU for the same on 19 February 2020.
- The MoU
was signed between Dr Guruprasad Mohapatra, Secretary,
DPIIT and Mr Andrei Iancu, who represented the Department
for Promotion of Industry and Internal Trade (DPIIT), Ministry of
Commerce and Industry and the United States Patent and Trademark Office
(USPTO), Department of Commerce of the United States of America
respectively.
New Zealand declares a climate change emergency
- · New Zealand promised its public sector would become carbon neutral by 2025 as it declared a climate emergency, a symbolic move that critics said needed to be backed with greater actions to reduce emissions.
New Zealand joins 32 other
countries that have declared a climate emergency.
- The climate
emergency declaration was based on the Intergovernmental Panel on Climate
Change’s findings that to avoid more than 1.5 degree Celsius rise in
global warming, emissions would need to fall by around 45% from 2010
levels by 2023 and reach zero by around 2050.
India to surpass 350 mn 5G connections by 2026
- In India, 5G subscriptions will surpass 350 million, accounting for 27 per cent of all mobile subscriptions in 2026, Swedish gear maker Ericsson said in a report titled “Ericsson Mobility Report.”
- The
projections come on the heels of another Fitch Ratings report that said
that 5G spectrum auction India could be delayed if the government focused
on a 4G auction next year.
- Globally, more
than 1 billion people will have access to 5G coverage by
the end of 2020. The report projects that four out of every
ten mobile subscriptions in 2026 will be 5G.
APPOINTMENTS NEWS
Kuldeep Handoo appointed as “Fit India”
movement ambassador
- He
won 11 gold medals in National and 6 in International stage, is the Wushu
coach of Team India.
- Under
his guidance Athletes have won two gold medals at the world
championship and one at the World Cup. He also serves as Inspector
of police in Jammu and Kashmir.
Rajnish K Jenaw posted as CMD, NSFDC
- The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajnish Kumar Jenaw (IP&TA&FS) as new Chairman & Managing Director (CMD) of National Scheduled Castes Finance & Development Corporation (NSFDC) under the Department of Social Justice & Empowerment.
- Jenaw has been
appointed to the post with effect from the date of assumption of charge
and for a period up-to August 31, 2024, i.e. date of his superannuation or
until further orders, whichever is earlier.
- He is a
1992-batch Indian Post & Telecommunication Accounts and Finance
Service officer.
BANKING & FINANCE
MSP for Crops: What is 1.5-times MSP formula?
- Farmers are protesting against the farm bills passed by the central government. Farmers fear that the bills with do away with the Minimum Support Price (MSP). The MSP is the price fixed by government for crops produced by farmers, in addition to the cost of production. Know here how is MSP calculated and its 1.5 times formula.
RBI Monetary Policy 2020-21: RBI keeps Repo Rate unchanged at 4%
- The Reserve Bank of India released its bi-monthly monetary policy 2020-21 on December 4, 2020. The central bank has kept the Repo Rate unchanged at 4%. Consequently, the Reverse Repo Rate stands unchanged at 3.35% and the Bank & Marginal Standing Facility (MSF) rates remain unchanged at 4.25%.
RBI directs HDFC Bank to stop selling its credit cards
- The Reserve Bank of India (RBI) has directed private sector lender HDFC bank to stop selling its credit cards and halt its digital launches on a temporary basis. The RBI directed the bank to stop the launch of digital activities under Digital 2.0 initiative. The move came after customers reported of facing outages in HDFC’s internet banking and mobile banking over the last 2 years.
NABARD and SBI sign MoU to extend concessional refinance facility in Karnataka
- The Karnataka regional office of NABARD and State Bank of India have signed an MoU to extend concessional refinance facility to the beneficiaries of watershed development and tribal development projects.
- The
MoU aims to benefit 45000 beneficiaries from 260 Farmers Producers
Organisations in 28 districts. In addition 8500 beneficiaries from Self
Help groups and Joint Liability Groups will be covered.
- The
MoU signed will enable SBI to act as an implementing agency for
digitilising the Self Help Groups and uploading data on E-Shakti portal
across the state.
ICICI Bank Opens Representative Office in Nepal, First Pvt Sector Lender to Do so
- ICICI Bank opened its representative
office in
Nepal’s capital Kathmandu.
- The
representative office will closely work with the domestic banks in Nepal
to facilitate investment, trade, payments and treasury business between
the two countries.
- With
this foray, ICICI Bank has expanded its footprint to 15 countries, including
India.
SPORTS
Virat Kohli fastest to 12000 runs in ODI cricket, surpasses Sachin Tendulkar
- Virat Kohli became the fastest player to score 12,000 runs in ODI cricket, surpassing Sachin Tendulkar, after he scored 23 runs against Australia in the third ODI at Canberra.
- Kohli took 242
innings to reach 12,000 runs while Tendulkar had touched the score in his
300th ODI innings.
- Kohli has also
played 86 Tests and 82 T20Is in which he has scored 7,240 and 2,794 runs,
respectively. He has scored more than 21,000 international runs across
formats till now.
OBITUARIES
Former French President Giscard d’Estaing passes away
- Former French President Valery Giscard d’Estaing, who championed European integration and helped modernise French society in the 1970s, has died at the age of 94 after contracting COVID-19.
- Giscard
was elected president in 1974 at the age of 48 to become France’s youngest
postwar leader.
- He
was also an ardent Anglophile, and took office a year after Britain joined
the European Economic Community.
Rafer Johnson, Olympian and James Bond actor, passes away
- Rafer Johnson, who is best known for his athletics
career and his performance in James Bond movie Licence to Kill, has passed away
at the age of 86.
- Johnson won an
Olympic gold medal in the decathlon in 1960, besting the silver medal he
earned at the previous Games in 1956.
- He later
became involved in politics and helped to subdue the shooter responsible
for assassinating US senator and presidential candidate Robert F. Kennedy
in 1968.
IMPORTANT DAYS
International Day of Banks
- International Day of Banks is observed globally on
the 4th of December.
- The
day is celebrated to the recognition of the significant potential of
multilateral development banks and other international development banks
in financing sustainable development and providing know-how, and also in
recognition of the vital role of the banking systems in the Member States
in contributing to the improvement of the standard of living.
Indian Navy Day
- Indian Navy Day is celebrated every year
on December 4 to commemorate the attack on the Karachi harbour
during the India-Pakistan war in 1971.
- On
this day, the Indian Navy’s attack on Karachi harbour contributed to the
ultimate victory of the Indian Armed Forces over Pakistan.
- This
year the theme of Navy Day is “Indian Navy Combat Ready, Credible &
Cohesive”.
No comments:
Post a Comment