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NATIONAL AFFAIRS
CABINET APPROVALS
Cabinet Approvals on 2nd September 2020
On September 2, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the
following proposals:
Cabinet approved “Mission Karmayogi”- National Programme for Civil Services Capacity Building;
Rs.510.86 cr outlay for 5 years
Cabinet approves the Jammu and Kashmir Official Languages Bill
Read More Details Here: Cabinet Approvals on 2nd September 2020
Union Cabinet gives approval to increase FDI limit from 49% to 74%, National Security Clause
added
Union Cabinet led by Prime Minister Narendra Modi approved the new Foreign Direct Investment (FDI)
policy in Defence Sector, thereby allowing FDI through automatic approval to be increased from 49% to
74%.
Cabinet Approved hike in MSP for RMS 2021-22; Sets Foodgrain Output Target at Record 301MT
for 2020-21
Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has
approved an increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing
season 2021-22. Also, During the National Conference for Rabi Campaign 2020 held on September 21,
2020, a target for the 2020-21 crop year (July-June) or foodgrain production target was set at a record
301 million tonnes (MT), up nearly 1.5% from the previous year’s output.
Read More Details Here: Cabinet Approved hike in MSP for RMS 2021-22; Sets Foodgrain Output Target
at Record 301MT for 2020-21
PARLIAMENT NEWS
President Ram Nath Kovind gives Assent to 3 Farm Bills passed by Parliament
On September 27, 2020 President Ram Nath Kovind gave Assent to Three Bills:
The Farmers Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020
The Farmers (Empowerment and Protection) Agreement on Price Assurance
Union Cabinet Approves 3 Labour Law Codes, to be Moved in Monsoon Session of Parliament
The Union Cabinet led by Prime Minister Narendra Modi approved amendments to the Labour Code on
Social Security, Code on Industrial Relations (IR), and Code on Occupational Safety and Health (OSH). The
codes will now be moved in the Monsoon Session of Parliament, which starts from September 14, 2020.
Read More Details Here: Union Cabinet Approves 3 Labour Law Codes, to be Moved in Monsoon Session
of Parliament
Centre Amended Public Procurement (Preference to Make in India) Order 2017 to Promote
Make in India
In order to promote the “Make in India” initiative, the Central Government has amended the Public
Procurement (Preference to Make in India) Order, 2017 on September 16, 2020. This amendment will
enable nodal Ministries/ Departments to notify higher minimum local content requirements for Class-I
& Class-II local suppliers which was earlier fixed at 50% and 20% respectively. The notification in this
regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT), Minister of
Commerce and Industry.
Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 come into
force from Sept 21, 2020; 35% value addition proof mandated
In exercise of the powers conferred by section 156 read with section 28DA of the Customs Act, 1962 (52
of 1962), the Central Government notifies the Customs (Administration of Rules of Origin under Trade
Agreements) Rules, 2020 (CAROTAR, 2020) on August 21, 2020 to protect the domestic industry from
misuse of Free Trade Agreements (FTAs), will come into force on September 21, 2020. A period of 30
days is provided to importers and other stakeholders to familiarize them with new provisions.
Read More Details Here: Customs (Administration of Rules of Origin under Trade Agreements) Rules,
2020 come into force from Sept 21, 2020; 35% value addition proof mandated
NMC Officially Replaced MCI as Top Medical Education Regulator w.e.f. Sept 25, 2020; IMC Act,
1956 Repealed
The Central government is trying hard to detach corruption from all sections of our society including
health sector, the statutory body of which i.e. Medical Council of India (MCI) had faced corruption charges
and was dissolved by the Government of India in 2018 with the Board of Governors (BoG)-MCI chaired
by Dr Vinod Kumar Paul, member (health), NITI Aayog. This Board of Governors was appointed under
section 3A of the Indian Medical Council (IMC) Act, 1956 (102 of 1956) in supersession of the MCI
constituted under sub-section (1) of section 3 of IMC ACT. BoG-MCI dissolved by Centre and was replaced
by National Medical Commission (NMC) as India’s top regulator of medical education.
Read More Details Here: NMC Officially Replaced MCI as Top Medical Education Regulator w.e.f. Sept 25,
2020; IMC Act, 1956 Repealed
Andhra Pradesh CM Launches YSR Jala Kala Scheme to benefit Small & Marginal Farmers
Andhra Pradesh (AP) Chief Minister Y. S. Jaganmohan Reddy launched YSR Jala Kala Scheme for small and
marginal Farmers. Under the scheme, the State Government will drill borewells in arid, and uplands in
the state with an expenditure of Rs. 2, 340 Crore over a period of four-years.
Assam
Assam Relaunched SVAYEM Scheme Worth Rs.1000 Crore to Provide Self Employment to Youths
of the State
The Government of Assam relaunched its old scheme Swami Vivekananda Assam Youth Empowerment
(SVAYEM) worth Rs.1000 crore. The scheme is aimed to provide self-employment opportunities to more
than 2 lakh youths of the state. The Redesigned SVAYEM will provide around Rs.50000 as a seed money
to start a business venture to the qualified beneficiaries.
Haryana
Haryana CM Launches 1st of its Kind Educational Chatbot “Apka Mitra” & Online Admission
Platform for UG courses
Haryana Chief Minister Manohar Lal Khattar virtually launched the first of its Kind Educational Chatbot
“Apka Mitra” & Online Admission Platform for Under Graduate (UG) courses in government-aided and
self-financed colleges for the new academic session 2020-21.
J&K Lt Governor launches ‘SPARROW’ – A Online Performance Appraisal System for JKAS officers
Jammu & Kashmir Lieutenant Governor Manoj Sinha launched the online portal, Smart Performance
Appraisal Report Recording Online Window (SPARROW) for Jammu & Kashmir Administrative Service
Officers (JKAS). The SPARROW system will benefit around 1289 officers and is aimed at bringing more
transparency. The project will be implemented by J&K e-Governance Agency, Information Technology
Department in collaboration with National Informatics Centre and General Administration Department.
1st ever Cannabis Medicine Project to be Set up with Collaboration of Canada at Jammu: Jitendra
Singh
Jitendra Singh, Union Minister of State-MoS (I/C), Development of North Eastern Region (DoNER), MoS
PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space informed that 1st ever cannabis
medicine project will be shortly set up with the collaboration of Canada at Council of Scientific &
Industrial Research (CSIR)-Indian Institute of Integrative Medicine (IIIM) in Jammu. The progress of the
construction of North India’s 1st biotech industrial park in Kathua, Jammu & Kashmir was also reviewed
by Jitendra Singh.
‘Operation Green’s TOP to TOTAL’ scheme to cover all Fruits & vegetables in J&K
Government of India extended Price Stabilisation interventions under ‘Operation Greens’ scheme for
majority of fruits and vegetables grown in Jammu and Kashmir (J&K) to extend support to farmers in J&K.
JK LG Manoj Sinha Laid e-Foundation Stone of Arun Jaitley Memorial Sports Complex, Hiranagar
Lieutenant Governor (LG) of Jammu & Kashmir (J&K) Manoj Sinha, Jitendra Singh, Minister of State
(Independent Charge) Development of North Eastern Region (DoNER) laid the e-foundation stone of the
Arun Jaitley Memorial Sports Complex in Hiranagar, Kathua. This first of its kind multipurpose sports
complex in the Northern Region is a tribute to the former union Minister of Finance Arun Jaitley.
Government of India increases Scholarship amount under “Pragati and Saksham” Scheme for
J&K Students
The Government of India announced an increase in Scholarship amount for the students of Jammu &
Kashmir (J&K) under the ‘Pragati’ and ‘Saksham’ Scholarship Schemes. The amount has been raised from
Rs. 5, 000 Per Annum to Rs. 50, 000 Per Annum from the Current Academic Year (2020-21). The Ministry
of Education launched these schemes is being implemented and offered by All India Council for Technical
Education (AICTE).
Kerala
Union Minister Hardeep Singh Puri and Kerala CM Inaugurate Thykoodam-Petta, Final stretch
of Kochi Metro-Phase-I
The Thykoodam-Petta stretch of Kochi Metro was inaugurated by Minister Housing and Urban Affairs,
Hardeep Singh Puri and Kerala Chief Minister Pinarayi Vijayan through video conference. The final
stretch of Kerala metro phase 1 has been completed with the commissioning of Thykoodam-Petta stretch.
It has been completed at a cost of Rs 6218 Crores. Kochi will become the first city in the country to
integrate water transport as feeder service to the metro.
Madhya Pradesh
Madhya Pradesh Govt Launched Cleanliness Campaign, ‘Gandagi Bharat Chhodo Madhya
Pradesh’
Madhya Pradesh (MP) government has launched a 15-day campaign (August 16-30, 2020) ‘Gandagi
Bharat Chhodo Madhya Pradesh’ (Free India and Madhya Pradesh from garbage) from Sagar, MP.
Read More Details Here: Madhya Pradesh Govt Launched Cleanliness Campaign, ‘Gandagi Bharat Chhodo
Madhya Pradesh’
Maharashtra
SIDBI, Maharashtra Govt Inked Pact to Develop MSME Ecosystem
Small Industries Development Bank of India (SIDBI) has inked a MoU with Government of Maharashtra
to develop the micro, small and medium enterprise (MSME) ecosystem in the state. This decision has
been taken on the lines of the recommendations of the Upendra Kumar (UK) Sinha Committee on MSMEs
set up by the Reserve Bank of India (RBI) envisaged more focused engagement of SIDBI with State
Governments for MSME promotion and development. As a part of MoU, Project Management Unit (PMU)
will be deployed by SIDBI in Maharashtra.
Nagaland
Nagaland Govt Launched its 1st ‘Naga Telehealth’, a TeleMedicine Platform
In order to provide quality healthcare services at the Ayushman Bharat – Health and Wellness Centres in
Nagaland, S Pangnyu Phom, Nagaland Minister of Health and Family Welfare launched the state’s 1st tele-
medicine platform, ‘Naga Telehealth’ in Kohima, Nagaland. It was developed by the state govt in
partnership with NISHTHA, a US Agency for International Development (USAID)’s health systems
strengthening project, implemented by Jhpiego.
Nagaland Launches Portal for Livelihood Generation Programme for Returned Migrant
Workers
Department of Industries & Commerce, Nagaland Government launched the Scheme “Livelihood
Generation Programme for Returned Migrant workers due to COVID-19 Pandemic” to provide skill
development training for migrant workers who returned from other parts of the country due to
Pandemic. It is funded by North East Council (NEC), Shillong and will be monitored by the Department of
Industries and Commerce.
New Delhi
Delhi Government Relaunched “10 Hafte 10 Baje 10 minute” 10-week Anti Dengue Campaign
Government of Delhi relaunched the 10-week anti dengue campaign “10 Hafte 10 Baje 10minute” to
create awareness on the prevention of the vector borne diseases – dengue and chikungunya among the
common people.
Odisha
Odisha CM launched two Citizen-Centric Mobile app – Ama Sahar and Swachha Sahar Odisha on
Local Self Government Day
Naveen Patnaik, Chief Minister of Odisha, launched two citizen-centric mobile applications Ama Sahar
and Swachha Sahar Odisha on the occasion of Local Self Government Day (August 31, 2020) which was
observed at the Lok Seva Bhawan over a virtual platform.
Rajasthan
Rajasthan Government approves ‘Moksha Kalash Yojana 2020’
Rajasthan Chief Minister Ashok Gehlot gave approval for the scheme ‘Moksha Kalash Yojana-2020’, which
allows free bus travel to two members of a family to immerse ashes of their loved ones in River Ganga in
Haridwar. Rajasthan State Road Transport Corporation will run the scheme and the expenses will be
borne by the Devasthan Department, Rajasthan Government.
Tamil Nadu
Tamil Nadu becomes 1st state with Policies on Ethical AI, Blockchain and Cybersecurity
Tamil Nadu Chief Minister (CM) Edappadi K Palaniswami released Tamil Nadu Cyber Security Policy
2020, Tamil Nadu Blockchain Policy 2020 and Tamil Nadu Safe and Ethical Artificial Intelligence Policy
2020 (Nicknamed as ABC Policies) while participating in the Confederation of Indian Industry (CII)
Uttarakhand
ITBP Partnered with Uttarakhand Govt for Promoting Adventure Tourism at Tehri Lake
The Indo-Tibetan Border Police (ITBP) collaborated with Uttarakhand Tourism Development Board
(UTDB) to promote adventure sports activities at Tehri Lake in Uttarakhand.
West Bengal
West Bengal CM Mamata Banerjee Virtually Inaugurates 2 Green Projects to be built in
Collaboration with EU countries
Mamata Banerjee, Chief Minister (CM) of West Bengal virtually inaugurated 2 major green projects worth
around Rs 1226 crore to be set up in collaboration with European Union countries. Of the 2 green
projects, one is a management and sustainable development project to be built in Kolkata Leather
Complex at Bantala in the eastern outskirts of the city. Meanwhile the solar power project will be built in
Purba Midnapore (East Medinipur) district.
Defence Minister Rajnath Singh Launched Life Insurance Scheme for More than 10000
Cantonment Employees
Defence Minister Rajnath Singh launched “Chhavni COVID: Yodha Sanrakshan Yojana” a group life
insurance scheme through the Life Insurance Corporation (LIC), for more than 10000 employees working
in the 62 military cantonment areas across India. The scheme will benefit the employees of all the 62
cantonment boards and will provide a cover of Rs. 5 lakhs each in the event of any fatal misfortune.
Union Power Minister RK Singh Launches Green Term Ahead Market (GTAM)
Minister of State (MoS) (I/C) for Power and New & Renewable Energy Raj Kumar Singh launched the Pan-
India Green Term Ahead Market (GTAM) in New Delhi virtually, for electricity. GTAM is the World’s First
Union Minister Arjun Munda Inaugurates Two-days Virtual National Tribal Research Conclave
Union Minister for Tribal Affairs, Arjun Munda virtually inaugurated the two-day National Tribal
Research Conclave to be held from September 3-4, 2020. The conclave will be chaired by Union Minister
Arjun Munda. The Conclave has been organized by the Centre of Excellence (CoE) for Tribal Affairs,
Ministry of Tribal Affairs (MoTA) and Indian Institute of Public Administration (IIPA). During the
Conclave, a MoU was signed between the Ministry of Tribal Affairs and Indian Institute of Public
Administration (IIPA) to set up the National Institute of Tribal Research at New Delhi.
Union Minister Nirmala Sitharam Inaugurated Doorstep Banking Services by PSBs & Declared
EASE 2.0 2019-20 Awards Virtually
Union Minister of Finance & Corporate Affairs Nirmala Sitharaman virtually inaugurated Doorstep
Banking Services by Public Sector Banks (PSBs) and participated in the online awards ceremony to
felicitate best performing banks on EASE Banking Reforms Index for FY19-20. The EASE 2.0 awards for
FY19-20 were presented in 3 categories viz. Category 1: Theme-Wise Winners, Category 2: Top
Improvers, and Category 3: Top Performing Banks.
Read More Details Here: Union Minister Nirmala Sitharam Inaugurated Doorstep Banking Services by
PSBs & Declared EASE 2.0 2019-20 Awards Virtually
Prime Minister launches PM Matsya Sampada Yojana, e-Gopala App & several initiatives in Bihar
Prime Minister Narendra Modi launched Pradhan Mantri Matsya Sampada Yojana (PMMSY), e-Gopala
App for farmers in Bihar through virtual mode. He launched several initiatives in fisheries and animal
husbandry sectors in Bihar.
Read More Details Here: Prime Minister launches PM Matsya Sampada Yojana, e-Gopala App & several
initiatives in Bihar
MoHUA Launched Climate Smart Cities Assessment Framework 2.0 & Streets for People
Challenge
Union Minister of State (MoS)- Independent Charge (I/C) Hardeep Singh Puri for Ministry of Housing and
Urban Affairs (MoHUA) launched the Climate Smart Cities Assessment Framework (CSCAF) 2.0, along
with the “Streets for People Challenge” in a virtual event organised by the Smart Cities Mission from New
Delhi. The National Institute of Urban Affairs (NIUA) with support from MoHUA has established the
Climate Centre for Cities (C3).
Prime Minister Virtually Inaugurated 900 crore worth Petroleum Project in Bihar
Prime Minister Narendra Modi Inaugurated 3 key projects of the petroleum sector worth more than Rs
900 crore in Bihar through video conference and dedicated it to the Nation. The projects include the
Durgapur-Banka section (about 200 km) of the Paradip-Haldia-Durgapur Pipeline Augmentation Project
and 2 LPG (Liquefied Petroleum Gas) Bottling Plants. These projects are a part of the Mission Purvodaya
which anticipate to expand the Barauni Refinery with Rs 14,000 crore and the work has already
commenced.
PM Modi Inaugurates & Lays Foundation Stone for seven projects in Bihar
Prime Minister Narendra Modi inaugurated & Laid Foundation Stone for Seven Projects related to Urban
Infrastructure in the state of Bihar through video conference. The total cost of the projects is Rs 541
Crores. Out of the 7 projects, 4 are related to water supply, 2 for Sewerage treatment and 1 for Riverfront
Development. The projects will be implemented by Bihar Urban Infrastructure Development Corporation
(BUIDCO), under Urban Development and Housing Department of Bihar.
Read More Details Here: PM Modi Inaugurates & Lays Foundation Stone for seven projects in Bihar
PM Modi inaugurates Kosi Rail Mega Bridge and 12 other Railway Projects in Bihar
Prime Minister Narendra Modi inaugurated the historic Kosi Rail Mahasetu (mega bridge) in Bihar. Other
projects including a new railway bridge on the Kiul River, two new railway lines, 5 Electrification projects,
Bihar’s first Electric Locomotive Shed at Barauni and 3rd Line Project between Barh-Bakhtiyarpur in
Hardeep Singh Puri Inaugurated India’s first General Aviation Terminal at Delhi Airport
Minister of State (MoS) Hardeep Singh Puri, Ministry of Civil Aviation inaugurated India’s first General
Aviation Terminal at Indira Gandhi International (IGI) Airport, Delhi to handle the flight operations and
movement and processing of passengers flying through of private jets or chartered flights. It was built at
a cost of Rs 150 crore over one-and-a-half years by Bird ExecuJet Airport Services Private Limited, a joint
venture between Bird Group and ExecuJet Aviation Group, an international business aviation company
based in Switzerland’s Zurich Airport.
National Jal Jeevan Mission, Ministry of Electronics & Information Technology (MEITY) launch
ICT Grand Challenge
Ministry of Electronics & Information Technology (MEITY) in partnership with National Jal Jeevan
Mission (NJJM), Department of Drinking Water and Sanitation, Ministry of Jal Shakti has launched ICT
(Information & Communication Technology) Grand Challenge for Development of ‘Smart Water Supply
Measurement & Monitoring System’ to be deployed at the village level.
External Affairs Minister Launched FICCI-SAM Report “India-Japan: Time to Seize New
Opportunities”
Dr Subrahmanyam Jaishankar, Union Minister of External Affairs launched the Federation of Indian
Chambers of Commerce and Industry – Shardul Amarchand Mangaldas (FICCI-SAM)’s knowledge report
on “India-Japan: Time to Seize New Opportunities” over a virtual platform.
India Launches First Ever Cargo Ferry Vessel “MCP Linz” to Maldives
Minister of State (MoS) (I/C) for shipping, Mansukh Mandaviya and Minister of Transport and Civil
Aviation of Maldives, Aishath Nahula jointly launched the First Ever Direct Cargo Ferry Service between
India and Maldives. The Ceremony was attended by representatives from Tuticorin and Cochin ports and
Officials from Maldives Ports Limited (MPL) and Foreign Ministry of Maldives.
DBT Launched Programme for “Strengthening Clinical Trial Research Capacity in Neighbouring
Countries”
Department of Biotechnology (DBT), under the Ministry of Science & Technology, initiated the first phase
of the “Training program to strengthen clinical trial research capacity for neighbouring countries” in
partnership with Ministry of External Affairs (MEA) to support researchers and investigator teams for
enhancing and strengthening their clinical trial capabilities in compliance with ICH-GCP (International
Conference on Harmonisation – Good clinical practice).
IEA and NITI Aayog Virtually Launched ‘Special Report on Sustainable Recovery’ Post COVID-19
A ‘Special Report on Sustainable Recovery’ was virtually launched by Dr Fatih Birol, Executive Director
of International Energy Agency (IEA) and Amitabh Kant, Chief Executive Officer (CEO) of NITI Aayog, in
the presence of Piyush Goyal Union Minister of Railways and, Commerce and Industry. The report is part
of IEA’s flagship World Energy Outlook series. The report was prepared in cooperation with the
International Monetary Fund (IMF). The highlights of the Sustainable Recovery Plan have been set out in
this report for actions to be taken over the next three years (2021-2023).
FESTIVALS
Sikkim Celebrated Pang Lhabsol: A Festival of Cultural Heritage and Historical Importance
Pang Lhabsol, a festival of cultural heritage and historical importance is one of the most historically and
culturally significant festivals celebrated annually by Sikkim people. This festival is celebrated only in this
state. It commemorates the blessing of Mount Khangchendzonga as the guardian deity of Sikkim.
Union Home Minister Amit Shah Inaugurates “Destination North East-2020” Festival
On Occasion of World Tourism Day (27th September, 2020) Union Home Minister Amit Shah (Home
Minister is also the Chairman of North-East Council) inaugurated the “Destination North East-2020”
through video conference. The theme for Destination North East 2020 is “The Emerging Delightful
Destinations”. The four-day festival (27th September – 30th September, 2020) will promote and
showcase the North East’s (NE) tourism, culture, heritage and business.
MoD inked Contracts Worth Rs 2580 Cr with Indian Companies for Supply of Pinaka Regiments
to Indian Army
Acquisition Wing of Ministry of Defence (MoD) has signed contracts with Bharat Earth Movers Ltd.
(BEML), Tata Power Company Ltd. (TPCL) and Larsen & Toubro (L&T) for supply of Six Pinaka Regiments
to the Regiment of Artillery of the Indian Army at an approximate cost of Rs. 2580 Crores. The 6 Pinaka
Regiments comprises of 114 Launchers with Automated Gun Aiming & Positioning System (AGAPS) and
45 Command Posts to be procured from TPCL and M/s L&T and 330 Vehicles to be procured from BEML
and their induction will be completed by 2024.
Ladakh & Lakshadweep Included in ‘One Nation-One Ration Card’ scheme; 26 States/UTs
Connected with the Scheme
The Union Territories (UTs) Ladakh & Lakshadweep have been included in the ‘One Nation-One Ration
Card’ scheme on ‘Integrated Management of Public Distribution System’ (IM-PDS). After the integration
of these two UTs, a total 26 States/UTs Connected with the Scheme and will benefit about 65 crore people.
Ministry of Electronics and Information & Technology Bans 118 Chinese Mobile Apps
Ministry of Electronics and Information & Technology banned 118 Chinese Mobile Applications. The
mobile applications have been banned as they were found to be harmful to the Sovereignty, Integrity,
Defence of India and Public Order. The Government has banned them amidst the border tensions with
China. The apps have been banned under section 69A of the Information Technology Act read with the
relevant provisions of the Information Technology (Procedure and Safeguards for Blocking of Access of
Information by Public) Rules 2009.
Tripura Receives First Inland Shipping Cargo from Bangladesh under PIWTT
The Daukandi (Bangladesh) – Sonamura (Tripura) Inland Waterway Protocol route has been
operationalized giving further boost to bilateral trade between India-Bangladesh relations under
Protocol for Inland Water Trade & Transit (PIWTT). This is the first ever export consignment from
Bangladesh to Tripura through the inland waterways.
60th Annual Convention of Society of Indian Automobile Manufacturers 2020 held Virtually;
Kenichi Ayukawa Appointed as President
Society of Indian Automobile Manufacturers (SIAM) organised and hosted its 60th SIAM Annual
Convention 2020 virtually, titled “Re-Building the Nation, Responsibly”. SIAM appointed Kenichi
Ayukawa, MD & CEO of Maruti Suzuki India Ltd appointed as its new President. He succeeds Rajan
Wadhera, Senior Advisor, Mahindra & Mahindra Ltd. During the event, Union minister Nitin Gadkari
stated that currently India has the 2nd largest road network in the world. Union Environment minister
Prakash Javadekar also addressed the event.
Atal Innovation Mission Partnered with Freshworks Inc., to Empower its Startup Innovators
Atal Innovation Mission (AIM), a flagship initiative set up by the NITI Aayog, has partnered with
Freshworks Inc., a customer-engagement software company to provide robust support to innovators and
entrepreneurs in India. AIM has also collaborated with ScooNews, one of India’s largest education media
houses to share and spread inspiring stories of grassroots innovations.
STEPapp Partnered with MoTA to Implement Gamified Learning App in Tribal Schools
Eduisfun Technologies Private Limited’s STEPapp (Student Talent Enhancement Program Application)
received an order from the Ministry of Tribal Affairs (MoTA) to implement its gamified learning
application in the tribal schools across India and to benefit the tribal students and to empower them with
quality education.
PGCIL to become 1st PSU in power sector to undertake asset monetization through InvIT model
Cabinet Committee on Economic Affairs (CCEA) approved to monetize state-run Power Grid Corp. of India
Ltd’s (PGCIL) projects that were won through a bidding process. The monetisation of assets of
POWERGRID will be done through the Infrastructure Investment Trust (InvIT) model. This is the first
Ministry of Home Affairs Approved to Rename Hubbali Railway Station as Shree Siddharoodha
Swamiji Railway Station, Hubbali
The Ministry of Home Affairs approved the long pending demand to rename the Hubbali Railway Station
as Shree Siddharoodha Swamiji Railway Station, Hubbali in Karnataka after Sri Siddharoodha Swami.
Indian Army to get Indigenous Carbines, Anti Air Systems; MoD cancels Import
The Ministry of Defence cancelled two arms import contracts worth over $2.5 Billion (Approximately Rs.
21,500 Crores), which were in final stages of procurement. The decision was taken in a special meeting
chaired by the Defence Secretary, Raj Kumar, Chief of Defence Staff General Bipin Rawat also attended
the meeting. The orders will now be placed under the Make in India initiative to give a boost to the
domestic industry. The request for Proposal (RfPs) Close Quarter Carbines (CQBs) from a UAE based
company ‘Caracal’ and the program to import Self Propelled Air Defence – Gun Missile Systems (SPAD-
GMS) from South Korean Company ‘Hanwa’ will now be withdrawn.
PM Modi lays Foundation Stone for 9 Highway Projects worth Rs 14, 528 crores in Bihar
Prime Minister Narendra Modi laid the Foundation Stone for Nine Highway Projects worth Rs 14, 528
Crores in Bihar through video conference. The project includes making six-lane highways, and three
bridges on rivers. He also laid foundation of ‘Har Gaon Optical Fibre Cable’ for Internet Services to connect
Nepal and India begin Joint Security Patrol along Border in Kapilvastu district
The Security forces of Nepal and India have started a joint security patrol at the Nepal-India Border in
Kapilvastu district, Nepal. The patrol has been started with a motive to control the spread of COVID-19
and keep in check the illegal cross-border activities at the Nepal-India Border. The Krishnanagar
Municipality of the Kapilvastu district is a major point of transit along the Nepal-India Border. Nepal
Police, Armed Police Force of Nepal and Seema Suraksha Bal of India began the patrol on borders on 19th
September 2020.
Govt Raised limit for Use of SDRF funds by states from 35% to 50% to tackle COVID situation
State Disaster Response Fund (SDRF) for COVID-19 specific infrastructure was increased from 35% to
50% to help States with more finances at their disposal to fight the COVID-19. This was announced during
the virtual meeting of Prime Minister Narendra Modi with Chief Ministers of six states and one Union
Territory with high Covid-19 caseload viz. Andhra Pradesh, Maharashtra, Karnataka, Punjab, Tamil Nadu,
Uttar Pradesh and Delhi.
15th CII – EXIM Bank Conclave on India-Africa Project Partnership held Virtually from New Delhi
15th CII-EXIM Bank Digital Conclave on India-Africa Project Partnership was held virtually from New
Delhi which was organized by Confederation of Indian Industry (CII) and EXIM (Export-Import) Bank
with the support of Ministry of External Affairs (MEA) and Ministry of Commerce and Industry,
Government of India. It was initiated in 2005.
PM Narendra Modi addresses Fit India Dialogue on First Anniversary of Fit India Movement
Prime Minister Narendra Modi addressed the Fit India Dialogue on the First Anniversary of Fit India
Movement through virtual mode. As part of the event, the Prime Minister interacted with Virat Kohli,
Milind Soman, Rujuta Diwekar, Devendra Jhajharia, and Afshan Ashiq, who shared their life experiences
and fitness Mantras. The Fit India Movement was launched on 29th August, 2019 (National Sports Day).
India’s First RRTS train with Design Speed of 180 kmph Unveiled
The 1st look of India’s first RRTS (Regional Rapid Transit System) train unveiled by DurgaShanker
Mishra, Secretary, Ministry of Housing and Urban Affairs (MoHUA) and Chairman, National Capital
‘Cable Stayed Bridge’ Constructed across Durgam Cheruvu Lake Inaugurated in Telangana
Telangana Municipal Administration and Urban Development Minister K Taraka Ramarao inaugurated
the cable stayed bridge on Durgam Cheruvu constructed across Durgam Cheruvu Lake along with a four-
lane elevated corridor connecting it with Jubilee Hills in Hyderabad (Telangana) during an event. Union
Minister of State (MoS) for Home Affairs Kishan Reddy was the chief guest of the event. Cost of both the
structures together is over Rs 334 crore. It is claimed as the “world’s longest pre-cast segmental span” of
233.85 metres in concrete for a cable stayed bridge.
Rajnath Singh Unveiled DAP 2020 Final Document; Approved Capital Acquisition for Arms &
Equipment worth Rs 2,290cr
Defence Acquisition Council (DAC) meeting was held under the Chairmanship of Defence Minister
Rajnath Singh in New Delhi during which Defence Acquisition Procedure (DAP)-2020 Document was
released and approval for procurement of various equipment required by the Indian Armed Forces at an
approximate cost of Rs 2,290 crore from Domestic Industry as well as Foreign vendors was also accorded.
Read More Details Here: Rajnath Singh Unveiled DAP 2020 Final Document; Approved Capital Acquisition
for Arms & Equipment worth Rs 2,290cr
Government constitutes Five Ministerial Task Forces to make Indian MSMEs future-ready
Government constituted Five Ministerial Task Forces to make India’s Micro, Small, and Medium
Enterprises better equipped for future and formulating strategies to make India a leading exporter. A K
Sharma, Secretary of Ministry of Micro, Small, Medium Enterprises announced it during a virtual session
organised by Federation of Indian Chambers of Commerce and Industry (FICCI).
GOVT SCHEMES
Odisha Government Launches “GARIMA” Social Security Scheme for Sanitary Workers
Chief Minister of Odisha, Naveen Patnaik launched a first-of-its-kind state-wide scheme called “GARIMA”
to ensure the safety and dignity of core sanitation workers of the state. He dedicated the scheme to
Mahatma Gandhi. The Ministry of Housing and Urban Development department, Odisha has signed a
Ministry of Understanding (MoU) with not-for-profit organisation Urban Management Centre for
providing the technical support to implement the scheme.
J&K Governor Announces Universal Health Insurance Scheme for All Residents of UT
Jammu & Kashmir (J&K) Governor, Manoj Sinha announced Universal Health Insurance Coverage Scheme
for all residents of the Union Territory at an annual expenditure of Rs 123 Crores. The scheme will have
the same benefits as the Ayushman Bharat Scheme. Through the scheme which is the first of its kind in
the country, beneficiaries can avail cashless treatment at all hospitals under the Ayushman Bharat
Scheme across the country.
Andhra Pradesh CM YS Jaganmohan Reddy Launched ‘YSR Aasara’ scheme for Women
Empowerment
As a step to empower women economically and socially, YS Jaganmohan Reddy, Chief Minister of Andhra
Pradesh(AP), launched ‘YSR Aasara’ scheme. Under the scheme, AP government will reimburse
PMGKP for Health Workers Fighting COVID-19 Extended as 6 Months Insurance Scheme
The Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme for Health Workers who are
fighting against COVID-19 has been extended as 6 months’ scheme, i.e., 180 days. The central sector
scheme was announced on March 30, 2020 for a period of 90 days, it was extended for further 90 days
i.e. up to Sept, 2020. The Rs 50 lakh insurance scheme is a part of the Rs 1.70 lakh Pradhan Mantri Garib
Kalyan Package announced in March 2020.
Read More Details Here: PMGKP for Health Workers Fighting COVID-19 Extended as 6 Months Insurance
Scheme
MP CM Shivraj Singh Chouhan Launched Mukhyamantri Kisan Kalyan Yojna on lines of PM-Kisan
Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh (MP) launched the “Mukhyamantri Kisan
Kalyan Yojna” in line with the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Scheme of the central
government. Under this scheme annually Rs.4000 will be transferred to the accounts of around 175000
farmers of MP in two equal installments in addition to the Rs.6000 annually transferred to the farmers
under the PM-Kisan Scheme. This will enable the farmers of MP to get samman nidhi of Rs.10000 per
year.
INTERNATIONAL AFFAIRS
6th International Military-Technical Forum “Army-2020 held in Russia; Indian Pavilion
Inaugurated
The 6th International Military - Technical Forum “Army-2020” was held between August 23-29, 2020 at
the Patriot Park near Moscow, Russia which was organized by Russian Defence Ministry and operated by
International Congresses and Exhibitions Ltd. During the forum, Indian Pavilion was inaugurated by
Secretary (Defence Production) Raj Kumar and Indian Ambassador to Russia D. Bala Venkatesh Varma.
Note: The first regiment of S-400 anti-air system by Russia will be delivered to India by the end of 2021.
BRICS Sports Ministers Approve MoU for Cooperation in the field of Physical Culture and Sport
The First Meeting of the BRICS (Brazil, Russia, India, China & South Africa) Sports Ministers under the
Russian BRICS Chairmanship took place through video conference. The BRICS Sports Ministers signed a
MoU to strengthen and develop the cooperation in the field of physical culture and sport within the BRICS
members.
Japan extends Emergency Loan of JPY 50 Billion for India to Fight Covid-19 Pandemic
Japan extended an Emergency Support Loan of up to 50 Billion Japanese Yen (Approximately Rs 3, 500
Crore) to help India’s response to the COVID-19 crisis. The financial support will support India’s
implementation of health, medical policies and development of hospitals equipped with ICUs. This is the
largest amount of financial assistance announced by any country to support India’s response to the Covid-
19 crisis.
India, France, Australia hold 1st Trilateral Dialogue on Economic, Strategic Challenges in Indo-
Pacific
The first trilateral dialogue between foreign secretaries from India, France and Australia was held
virtually to discuss geo-strategic challenges, enhancing cooperation and to build strong bilateral relations
between the trio to ensure a peaceful, secure, prosperous and rules-based Indo-Pacific Region. The
meeting was co-chaired by India’s foreign Secretary Harsh Vardhan Shringla, Secretary-General of the
Ministry of Europe and Foreign Affairs of France, Francois Delattre; Australian Department of Foreign
Affairs and Trade Secretary, Frances Adamson.
74th Session of the UN General Assembly High-Level Forum on the Culture of Peace held virtually
The 74th Session of the United Nations General Assembly High-Level Forum on the Culture of Peace
which was convened by its President Tijjani Muhammad-Bande and addressed by UN Secretary-General
Antonio Guterres on the theme “The Culture of Peace: Change our world for the better in the age of COVID-
19”. Apart from the above mentioned main event, a side event titled “Education, Covid-19 and the Culture
of Peace” was also organized by the renowned US Think Tank the International Peace Institute (IPI).
MoS for External Affairs, V Muraleedharan, Participates in 27th ASEAN Regional Forum
Minister of State (MoS) for External Affairs, V Muraleedharan participated in the online meeting of the
Foreign Ministers of the Association of South East Asian Nations (ASEAN) Regional Forum (ARF) under
the Chairmanship of Vietnam. During the 27th ARF meeting, the Ministers exchanged views on
International and regional issues. India will co-chair the ASEAN Regional forum on port securities and
United Nations Convention on the Law of Sea (UNCLOS).
10th Defense Technology and Trade Initiative (DTTI) held Virtually between India and U.S
The 10th Defense Technology and Trade Initiative (DTTI) was held between India and US virtually
through a video conference. The aim of the DTTI group is to bring focus on bilateral defense trade
relationship and to create opportunities for co-production and co-development of defense equipment.
Mexico Became the First Country to Issue 7-year Sovereign SDG Bond worth $890m
Mexico became the first country in the world to inaugurate sustainable financing program for the
achievement of Sustainable Development Goals (SDGs) by issuing a seven-year Sovereign SDGs Bond
worth USD 890 million under its new “SDG Sovereign Bond Framework” developed with investment bank
Natixis, located in Paris, France. The Mexico government has invited the United Nations Development
Programme (UNDP) for partnership in the initiative.
India & Bangladesh to Resume Joint Coordinated Border Patrol to Prevent Criminal Activities
At the 50th Director General (DG) level conference between India and Bangladesh, both the countries
have agreed to share real time intelligence on the smuggling syndicates, both the countries agreed to
resume the joint coordinated border patrol and the list of smugglers to control and prevent criminal
activities and other problems and to ensure the peace and security in the Indo-Bangladesh borders. The
India extends USD 250 mn support to Maldives amid Covid-19; routed through Treasury bonds
subscription by SBI
India provided a financial assistance of USD 250 million (Indian Rupees of around 1837 crores) at
favourable terms to the Government of Maldives in the form of symbolic cheque which was handed over
by the High Commissioner of India Sunjay Sudhir to the Minister of Foreign Affairs Abdulla Shahid during
an event held at the Ministry of Foreign Affairs, Maldives. This soft loan has 10 years’ tenure for
repayment and a very low interest rate.
Greenhouse Emissions to add 15 inches to global sea level rise by 2100: NASA-led study
According to the “Ice Sheet Model Intercomparison Project (ISMIP6)” by NASA’s (National Aeronautics
and Space Administration) Goddard Space Flight Center in Greenbelt, Maryland (United States) which
has been done on the lines of the projection in the Intergovernmental Panel on Climate Change’s (IPCC)
2019 Special Report on Oceans and the Cryosphere, there will be more than 38 centimetres (15 inches)
rise in global sea-level rise by 2100 due to the melting of Greenland and Antarctica’s ice sheets driven by
continuous greenhouse emissions.
VISITS
FOREIGN VISIT
Overview of Defence Minister Rajnath Singh visit to Russia from September 3-5, 2020; SCO
Defence Ministers Meet Held
The Union Minister Rajnath Singh, Ministry of Defence (MoD) paid a 3 days’ visit to Moscow, Russia from
September 3-5, 2020 to attend a meeting of the Shanghai Cooperation Organisation (SCO) defence
ministers and to hold talks with his Russian counterpart Sergey Shoigu on further boosting bilateral
defence cooperation.
Rajnath holds talks with Russian counterpart; AK-47 203 rifles deal finalized between both nations
Rajnath visits Russian armed forces’ main cathedral in Moscow
Rajnath Singh addressed Combined Meeting of Defence Ministers of SCO, CSTO & CIS Member States
in Moscow
Read More Details Here: Overview of Defence Minister Rajnath Singh visit to Russia from September 3-5,
2020; SCO Defence Ministers Meet Held
Overview of S Jaishankar visit to Russia from Sept 8- 11, 2020 to Attends SCO Foreign Ministers
in Moscow
Union Minister of External Affairs, Subrahmanyam Jaishankar had a 4-day visit to Russia from September
8-11, 22 to attend the SCO-CFM (Council of Foreign Ministers) Meeting in Moscow.
Read More Details Here: Overview of S Jaishankar visit to Russia from Sept 8- 11, 2020 to Attends SCO
Foreign Ministers in Moscow
FIDC Requested RBI to Review New Current Account Rules; Concerns on Routing All
Transactions through CC/OD
The umbrella body for non-banking financial companies (NBFCs), Finance Industry Development Council
(FIDC) requested the Reserve Bank of India (RBI) to review the current account circular dated August 6,
2020 which stated that no bank is allowed to open current accounts for the customer who availed credit
facilities in the form of cash and credit (CC) or overdraft (OD) from the banking system.
Read More Details Here: FIDC Requested RBI to Review New Current Account Rules; Concerns on
Routing All Transactions through CC/OD
RBI Accepted Kamath Panel Recommendations; Specifies Parameters for Loan Restructuring
Reserve Bank of India (RBI) specified five financial ratios and sector-specific thresholds for resolution of
COVID-19-related stressed assets in 26 sectors on the basis of the recommendations of an expert
committee under the chairmanship Kundapur Vaman Kamath, which was formulated by RBI in August
2020 to set a parameters and benchmarks for stressed assets that need rescuing. These five ratios are:
Total outside liabilities/adjusted tangible net worth (TOL/ATNW), total debt/EBITDA, current ratio, debt
service coverage ratio (DSCR), average debt service coverage ratio (ADSCR).
Read More Details Here: RBI Accepted Kamath Panel Recommendations; Specifies Parameters for Loan
Restructuring
RBI Lays Down Guidelines for Banks to Appoint Chief Compliance Officers: September 2020
In order to ensure uniformity and effective management of compliance risk in banking sector, on
September 11, 2020, Reserve Bank of India (RBI) laid down guidelines for “Compliance Functions in
Banks and Role of Chief Compliance Officer (CCO)” stating appointment and tenure of chief compliance
officer (CCO), policy (which should be reviewed at least once a year), and reporting requirements and
duties of the compliance function, among others. CCO should be appointed for a minimum fixed period of
three years with age not more than 55 years.
RBI Mandate Banks to Fully Automate NPA Recognition Process by June 30, 2021
Reserve Bank of India (RBI) issued circular advising banks to switch to automatic identification of non-
performing assets (NPAs), using appropriate IT (information technology) systems, from manual
identification for regulatory reporting and bank’s own management information system (MIS)
requirements. Concerning this, on September 14, 2020, RBI issued a notification mandating banks to
complete the automation of bad-loan recognition and provisioning processes by June 30, 2021.
RBI Issued Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions: September 2020
Reserve Bank of India (RBI) issued Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions,
2020 under Section 45 W of the RBI Act, 1934 to allow foreign portfolio investors (FPIs) to undertake
exchange-traded rupee interest rate derivatives transactions subject to an overall ceiling of Rs 5,000
crore. The RBI has sought comment on these directions by October 15, 2020.
RBI Released “’Technology Vision for Cyber Security’ for Urban Co-operative Banks – 2020-
2023”
Reserve Bank of India (RBI) released “’Technology Vision for Cyber Security’ for Urban Co-operative
Banks (UCBs) – 2020-2023”. It aims to enhance the cyber security in the Urban Co-operative banking
sector against the growing Information Technology (IT) and cyber threat environment. Based on the
inputs from diverse stakeholders, the technology vision document was formalised.
BANKING TECHNOLOGY
Bank of India launched “Signature Visa Debit Card” for High Net Worth Individuals
The Mumbai based Bank of India (BoI) has launched an international contactless debit card, “Signature
Visa Debit Card” for high net worth individuals who are maintaining an average quarterly balance of Rs
10 lakhs and above.
ICICI Bank Launched “iStartup 2.0”, a Comprehensive Banking Programme for Startups
ICICI Bank launched its comprehensive banking programme for the Start-ups named “iStartup 2.0” which
will support the requirements of the start-ups like regulatory assistance, analytics, staffing, acquisition
and digital outreach of customers.
Titan and SBI launched Titan Pay, India’s 1st Contactless Payment Watches
Titan Company Limited, one of the world’s 5th largest watch manufacturers associated with TATA Group,
in collaboration with State Bank of India (SBI) introduced Titan Pay, powered by YONO (You Only Need
One) SBI. Through this partnership, Titan and SBI are launching a range of stylish new watches with
contactless payment functionality for the 1st time in India.
DBS Bank India Unveiled Online Credit Solutions Platform, ‘DBS Digital Business Loans for SMEs’
DBS Bank India Ltd launched an online credit solutions platform, ‘DBS Digital Business Loans for SMEs’
to provide loans for Small and medium-sized enterprises (SMEs) businesses in a convenient manner with
credit facility up to Rs 20 crore. This segment-flagship platform facilitates access to business credit across
the entire spectrum of micro, small and medium enterprises. Note: Global Finance, the New York-based
financial publication, has named DBS as ‘Best Bank in the World’ for the 2nd time in 3 years in its World’s
Best Global Banks 2020 Awards.
IDFC First Bank to Launch 1st of its kind Digital Facility, “SafePay” for Contactless Debit Card-
Based Payment
IDFC First Bank announced that it will launch ‘SafePay’, a digital facility. It enables contactless debit card
payments by waving a smartphone against a Near Field Communication (NFC)-enabled Point of Sale
(POS) terminal. It is the 1st such facility which is made available in an integrated mobile banking app.
Federal Bank & Innoviti Partnered to provide Affordable Options of Federal Bank Debit Cards
by Innoviti POS terminals
To provide convenient and affordable options of Federal Bank Debit Cards through Innoviti Point of Sale
(POS)terminals, the Federal Bank and Innoviti Payment Solutions Pvt. Ltd(Innoviti) have entered into a
partnership, which will offer Equated Monthly Installments(EMIs) options to over 7.5 million Federal
Bank Debit Card holders at over 70,000 Innoviti POS terminals across 1000 cities.
ICICI Lombard inks bancassurance tie up with Yes Bank for selling insurance products
ICICI (Industrial Credit and Investment Corporation of India) Lombard Insurance Company Ltd has
entered into a Bancassurance tie-up with Yes Bank to sell its insurance products. Through this agreement,
ICICI Lombard aims to offer innovative insurance solutions to Yes Bank’s Customers across 28 States and
8 Union Territories.
SBI General Insurance and YES Bank Signed Corporate Agency Agreement
SBI General Insurance Company Ltd and YES Bank signed a corporate agency agreement to distribute the
products of SBI General Insurance to the customers of YES bank across India (28 states and 8 Union
Territories).
Bandhan Bank Initiated Emerging Entrepreneurs Business (EEB) Vertical to Help Entrepreneurs
The Kolkata headquartered Bandhan Bank has set up a new vertical called Emerging Entrepreneurs
Business (EEB) to assist this segment in becoming entrepreneurs to support the emerging needs of the
Fino Payments Bank with Fintech Partners Introduced NFC-based Contactless Payments
Solution for Mass Transport
Fino Payments Bank Limited in association with fintech partners has introduced Near Field
Communication (NFC)-based contactless payments solution for mass transit systems, particularly for
state bus transport services in India. It was developed by Fino Payments Bank in partnership with fintech
firms like City Cash.
Axis Bank Partners with Bayer’s Better Life Farming Initiative in India
Axis Bank Ltd, India’s third largest private sector bank, partnered with Bayer’s Better Life Farming (BLF)
initiative in India to provide enhanced and comprehensive financial solutions to smallholder farmers and
rural farming communities. Bayer’s Best Livelihood Agricultural Centers will provide the solution, which
are owned and operated by a Farmer Producer Organization(FPO), Federation, agri-graduate or a local
farmer / entrepreneur.
Vakrangee Ltd gets RBI nod to setup Bharat Bill Payment Operating Unit
Reserve Bank of India (RBI) granted in-principle approval for Vakrangee Ltd to set up Bharat Bill
Payment Operating Unit (BBPOU) to handle payment services related to bills. It has received the
authorisation under the Payment and Settlement Systems Act, 2007.
IDBI Bank Became the first Bank to Enable Document Embedding Feature on SFMS Managed by
IFTAS
Industrial Development Bank of India (IDBI) become the first to implement the new feature of document
embedding facility with Letter of Credit (LC) / Bank Guarantee (BG) messages over SFMS (Structured
Financial Messaging System) platform of Indian Financial Technology and Allied Services (IFTAS)
through its middleware application i@Connect-SFMS (CSFMS) developed by IDBI Intech Limited. This
new feature of “document embedding” provides banks with the functionality of transmitting a “pdf”
document up to 1MB size along with the LC / BG messages.
SIDBI Partnered with CRIF High Mark to Launch Sector-Based Insight Reports, ‘Industry
Spotlight’
Small Industries Development Bank of India (SIDBI) partnered with CRIF High Mark Credit Information
Services (CRIF High Mark), a leading Indian credit bureau owned by CRIF to launch ‘Industry Spotlight’,
a quarterly report based on Industry sectors/ clusters, with focus on MSMEs (Micro, Small and Medium
Enterprises). It provides data and trends on key industry sectors in each edition.
FINANCE NEWS
LazyPay Launched 1st of its Kind Digital Credit Card, ‘LazyUPI’, a Combination of UPI & Buy-Now-
Pay-Later Concept
LazyPay, a part of PayU Finance has launched ‘LazyUPI’, a first of its kind digital credit card that combines
Unified Payments Interface (UPI) and the Buy-Now-Pay-Later concept. The offering allows the users to
PayU Finance Launches First-of-its-kind Digital Revolving Credit Line called ‘LazyPlus’
PayU Finance, India’s leading alternative lending platform, has launched the first-of-its-kind digital
revolving credit line called ‘LazyPlus’, which combines power of Unified Payments Interface (UPI) and
Buy-Now-Pay-Later concept.
SBI Mutual Fund Launched SBI Magnum Children’s Benefit Fund (Investment Plan)
SBI Mutual Fund launched SBI Magnum Children’s Benefit Fund (Investment Plan), an open-ended fund
for parents to invest for their children. SBI Magnum Children’s Benefit Fund has already offering savings
plan, a predominantly debt-oriented offering. The New Fund Offer (NFO) is open for subscription from
September 8 and will close on September 22, 2020.
ICICI Prudential Life Insurance Partnered with NSDL Payments Bank to offer insurance products
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) has entered into a corporate
agency agreement with NSDL Payments Bank, a subsidiary of NSDL (National Securities Depository Ltd),
the 1st and largest depository in India.
ICICI Home Finance Launched “Apna Ghar Dreamz” Home Loan Scheme for Skilled Labours in
Delhi
The ICICI Home Finance launched “Apna Ghar Dreamz”, its new home loan scheme for skilled labourers
like electricians, mechanics, painters, grocery store owners etc in the informal sector of Delhi. The credit
amount of this loan ranges from Rs 2. lakh to 50 lakhs.
Bajaj Finserv Launched “Bajaj Finserv Health Ltd (BFHL)”, Health Tech Solutions Business
The Non-Banking Financial Company (NBFC) Bajaj Finserv stepped into the healthcare sector by
launching health tech solutions business “Bajaj Finserv Health Ltd (BFHL)” as its fully-owned subsidiary.
LIC, GIC & New India Assurance Identified as Domestic Systemically Important Insurers for
2020-21: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has identified Life Insurance
Corporation of India (LIC), General Insurance Corporation of India (GIC) and The New India Assurance
Co. Ltd. (NIACL) as Domestic Systemically Important Insurers (D-SIIs) for 2020-21. IRDAI annually
identifies D-SIIs and publishes the names of these insurers for public information.
ECONOMY NEWS
NSDC, LinkedIn partner to impart free digital skills training
National Skill Development Corporation (NSDC) and LinkedIn announced a partnership to provide access
to free learning resources for imparting digital skills to youth for enhancing employability. According to
LinkedIn, Indian professionals with digital skills are 20 percent more in demand than professionals
without digital skills in 2020.
SBI Modernized its Payment Switching System using ACI’s Retail Payments Solution
ACI Worldwide (ACI), a global provider of real-time digital payment software and solutions has
modernized payments infrastructure of State Bank of India (SBI)’s Automated Teller Machine (ATM) and
Point-of-Sale (POS). Modernization was done using ACI’s enterprise-class Retail Payments solution.
Razorpay Launched Cash Advance, Collateral Free LOC to Increase MSME Cash Flow
Razorpay, leading financial solutions company launched its tech-enabled services “Cash Advance” – a
collateral free line of credit for businesses to support and recover the cash flow of the capital of Micro,
Small, and Medium Enterprises (MSMEs).
Adani Green Energy Ltd Ranked as World’s Largest Solar Power Generation Company by Mercom Capital
Mercom Capital ranked Adani Green Energy Ltd (AGEL) as World’s Largest Solar Power Generation Asset
Owner in terms of operating, under-construction and awarded projects. GCL New Energy (7.1 GW), a
Hong Kong-listed independent solar power producer, ranked second, followed by Tokyo-based
renewable energy developer, SB Energy (7 GW).
NSE and SGX Signs Pact to Confirm Key Terms to Operationalise NSE IFSC-SGX Connect
Singapore Exchange Ltd and National Stock Exchange of India Ltd. signed a formal agreement in order to
confirm the key terms to operationalise the NSE International Financial Service Centre (IFSC)-SGX
Connect. NSE IFSC-SGX Connect unites international and Gujarat International Finance Tec-City (GIFT)
participants to create a large liquidity pool for Nifty products in GIFT City.
India’s Economy to Contract by 5.9% and Global Economy to Contract by 4.3% in 2020: UNCTAD
Report
As per the United Nations Conference on Trade and Development (UNCTAD)’s Trade and Development
Report 2020– From global pandemic to prosperity for all: Avoiding another lost decade, global economy
is expected to contract by 4.3% (-4.3%) in 2020, with global output falling short by over USD 6 trillion of
the estimates by the economists before the spread of COVID-19. It also has projected India’s economy to
contract by 5.9% (-5.9%) in 2020 and expects the economy to rebound to 3.9% in 2021.
BUSINESS NEWS
Amul becomes 1st Indian Dairy Company to Enter Rabobank’s Global Top 20, 2020 List;
Switzerland’s Nestle topped
Amul (Anand Milk Union Limited), Gujarat Cooperative Milk Marketing Federation (GCMMF) became
the first Indian Dairy Company to enter Rabobank’s Annual listing of Global Dairy Top 20, 2020
Companies. Amul was ranked 16th with an annual turnover of USD 5.5 billion (approximately Rs 40,240
Crores). The Rabobank is a Dutch multinational banking and financial services company.
WhatsApp Partnered with CyberPeace Foundation for Cyber Safety Among Students
In order to create awareness on cyber safety among students, WhatsApp Inc. and CyberPeace Foundation
have entered into a partnership. The partnership targets to reach about 15,000 students in 5 Indian states
namely, Delhi, Madhya Pradesh, Bihar, Jharkhand and Maharashtra by the end of 2020 under the first
phase of a Pan-India programme. This initiative is built on a previous partnership under the ‘e-Raksha’
programme, which has reached many students.
NASSCOM Future Skills and Microsoft Launched “AI classroom series” for Students in India
FutureSkills, an initiative of IT-ITES (Information technology – IT enabled services) Sector Skill Council
National Association of Software and Services Companies (NASSCOM) partnered with Microsoft to launch
Artificial Intelligence (AI) Skilling initiative “AI classroom series” to skill 10 lakh students in India by 2021
to make India a global hub for AI skilled talents and create jobs through upskilling and reskilling.
HCL Partnered with NVIDIA Partner Network to Pursue Opportunities in AI Space; HCL to launch
NEXT.ai, AI Lab
In order to pursue expanded opportunities in the Artificial Intelligence (AI) space, HCL Technologies Ltd
(HCL), a leading global technology company, has partnered with NVIDIA Partner Network (NPN), the US-
based technology company’s partner program. HCL to launch NEXT.ai, HCL’s AI Lab, which focuses on
upskilling engineers and architects, using AI solutions across hardware and software technology stacks.
Liberty General Partnered with SpiceJet to Offer ‘Liberty Secure Travel’ an Insurance Policy;
Offers New Zero Cancellation Service
Liberty General Insurance Ltd. (Liberty) has partnered with SpiceJet to offer ‘Liberty Secure Travel’ an
Insurance Policy to consumers who book tickets through the airline’s website and mobile site. The new
Zero Cancellation service of Liberty offered under the policy enables the passengers to cancel the tickets
and claim 100% reimbursement of the cancellation charges if the customers are unable to fly due to any
unavoidable circumstances.
Reliance Industries became the first Indian company to hit $200 billion m-cap
Reliance Industries became the first Indian company to hit $200 billion market capitalization with an
approximate value of $200.8 billion Tata Consultancy Services (TCS) is a distant second with market cap
of Rs 8.75 trillion, or USD 119 billion. Mukesh Ambani-led Reliance Industries Limited (RIL) also becomes
World’s 40th Most Valuable Company.
SBM Bank India and Mastercard Partnered to Launch SBM World Debit Card for High Net Worth
Customers
SBM Bank (India) Limited and Mastercard have collaborated to launch SBM World Debit Card, a one-of-
a-kind debit card for the sophisticated needs of high net worth customers. It represents a combination of
niche banking solutions and thoroughly managed lifestyle privileges, including some of the finest
shopping and dining opportunities.
SBM Bank India and PayNearby launch Nivesh, a Goal Based Recurring Deposit Platform for the
masses
SBM Bank India and PayNearby announced the launch of ‘Nivesh’, a unique Goal Based Recurring Deposit
Platform powered by SBM Bank India. It will be available across all the PayNearby retail touch points
across the country.
SBI Card Collaborates with Google to Enable Customers use their Cards on Google Pay Platform
SBI Card (SBI Cards and Payment Services Limited) has collaborated with Google to enable customers to
use their SBI Credit Cards to make card payments using the Google Pay app on their Android
smartphones.
Google Pay in Collaboration with Visa and Banking Partners Rolled out Tokenisation
Google Pay has rolled out tokenisation across its platform in collaboration with Visa and banking
partners. It will enable users to safely transact with their cards and use Tap-to-pay feature on NFC-
enabled Point of Sale (POS) terminals and online merchants.
Visa & IFundWomen Launched a Grant Program in India to Support Women Entrepreneurs
Visa Inc. (Visa) along with its global partner IFundWomen, a funding marketplace for women-owned
businesses, launched a grant program in India to support women entrepreneurs. This program enables
India’s women entrepreneurs to receive funding from Visa to grow and expand their business.
CSIR-CMERI and NISE Signed MoU Virtually to Strengthen Solar Energy Sector Across India
Council of Scientific & Industrial Research (CSIR)-Central Mechanical Engineering Research Institute
(CMERI) and National Institute of Solar Energy (NISE), an autonomous institute under the Ministry of
New and Renewable Energy, Government of India, for ‘Strategic Association’ has signed a Memorandum
of Understanding (MoU) to strengthen the solar energy sector across the nation.
EDF Group, I2EN and VJTI Signed MoU to set up ‘Centre of Excellence’ in Civil Nuclear Space in
Maharashtra
The Electricite de France (EDF), International Institute of Nuclear Energy (I2EN) and Veermata Jijabai
Technological Institute (VJTI) has signed MoU to set up a centre of excellence in the civil nuclear sector
in Maharashtra.
Odisha CM Naveen Patnaik launched JAGA Mission Stage-II; Signed MoU with CPR
Chief Minister (CM) of Odisha Naveen Patnaik launched the stage II of JAGA Mission (Odisha Liveable
Habitat Mission) from Balasore (Odisha) through video conference, under which all slums in the State
will be converted into Adarsh (ideal) colonies within the next 3 years. The Centre for Policy Research
(CPR), New Delhi under its initiative ‘Scaling City Institutions for India: Land Planning and Housing (SCI-
FI: LPH)’ has signed a Memorandum of Understanding (MOU) with the Housing & Urban Development
Department, Government of Odisha as the knowledge partner of JAGA Mission in its second phase.
INTERNATIONAL
PERSON NAME APPOINTED AS ENTITY / PLACE KEY NOTES
Mustapha Adib Prime Minister Presidency of The Presidency of Lebanon appointed the
Lebanon Lebanon ambassador to Germany Mustapha
Adib as the New Prime Minister. He
succeeds Hassan Diab, who resigned amid
the economic crisis due to the aftermath of
the blast in the Beirut port on 4th August
2020.
Yoshihide Suga Prime Minister Japan Yoshihide Suga was formally elected as
Japan’s New Prime Minister. He will succeed
Shinzo Abe, who was Japan’s Longest
serving Prime Minister and stepped down
due to health problems. Yoshihide’s party
Liberal Democratic Party (LDP) holds a
majority in the Japan Parliament. ‘DIET’ is
the National parliament of Japan.
Colonel Bah Interim President Republic of Mali Former Mali Defence Minister and retired
Ndaw Colonel Bah Ndaw was named as the Interim
President of the Republic of Mali. Colonel
Assimi Goita was appointed as Vice
President. They will be sworn in on 25th
September, 2020. The capital and currency
of Mali are Bamako & West African CFA
franc respectively.
Alexander President Belarus President of Belarus, Alexander Lukashenko,
Lukashenko sworn in for a new 5-year term (His 6th
term) in an inauguration conducted with no
prior announcement. He is an independent
or nonpartisan politician. He won this
election in alliance with Belaya Rus. The
capital and currency of Belarus are Minsk &
Belarusian Ruble respectively.
RESIGNATIONS
PERSON NAME RESIGNED AS ENTITY / PLACE
Harsimrat Kaur Badal Union Minister of Food President of India, Ram Nath Kovind accepted the
Processing Industries resignation of Harsimrat Kaur Badal, Union
Minister of Food Processing Industries with
immediate effect. Harsimrat Kaur Badal, Lok
Sabha leader of Shiromani Akali Dal (SAD)
tendered her resignation in protest against anti-
former ordinances and legislation which were
passed on 17th September 2020.The resignation
was accepted under the clause (2) of Article 75 of
the Indian Constitution. Cabinet Minister
Narendra Singh Tomar was assigned to the
additional charges of the Ministry of Food
Processing Industries (MoFPI).
Mustapha Adib Prime Minister Mustapha Adib, Lebanon’s Prime Minister
designate, resigned after failing to form a
government in a month of negotiations. His
resignation comes amidst a political crisis over
government formation, after he was appointed to
the position on August 31, 2020.
ACC Approved Restructuring of the Indian Railways and appointed first ever CEO of IR
The Appointments Committee of the Cabinet (ACC) has approved the organizational restructuring of the
Indian Railways, which includes the merger of eight Group A services and also approved the appointment
of the current chairman of the Railway Board V K Yadav as the first ever Chief Executive Officer (CEO) of
IR. Along with the CEO post he also holds the chairman post.
Read More Details Here: ACC Approved Restructuring of the Indian Railways and appointed first ever
CEO of IR
Ministry of Finance Formed Expert Panel Headed by Rajiv Mehrishi to Assess Impacts of Waiving
Loan Moratorium
The Ministry of Finance formed a three-member expert panel headed by Rajiv Mehrishi, former
comptroller and Auditor General of India to assess the impacts of the waiver of interest on the
moratorium loans offered to the COVID-19 affected borrowers which ended on 31st August 2020. The
committee will assess the impact of ‘waiving interest’ and ‘interest on interest’ on the COVID-19 related
moratorium on the national economy and financial stability.
TPCI sets up Food Sectoral Committees to tap into New Markets and Investment
Trade Promotion Council of India (TPCI) constituted three committees with the aim of tapping new
markets and identifying new opportunities for trade and investment. The Three Committees will focus
on Food & Beverages, Food Processing Technology and Chemical and Allied Products. (i) Laxman Singh
Rathor - Chairman of committee on Food and Beverages (F&B) (ii) R. Senguttuvan – Chairman of Food
processing technology Committee (iii) Manish Shah - chairman of Chemical and Allied Products
Committee.
FSSAI constitutes task force to look into guidelines for Vegan Foods
Food Safety and Standards Authority of India (FSSAI) formed a seven-member task force for framing
guidelines/provisions for vegan foods in the country.
11-member Company Law Committee Gets 1-year Extension; Headed by Rajesh Verma
The Ministry of Corporate Affairs (MCA) extended the tenure of the Company Law Committee by one
year, i.e., this committee constituted in September 2019 has been extended up to two years (17.09.2021)
from the date of the order to constitute the committee (18.09.2019). It is now chaired by Rajesh Verma,
Secretary of MCA. The 11-member committee has a mandate to submit periodic recommendations to the
government in phases and subject-wise, as may be decided by the chairman.
PK Mishra Panel to Initiate Action in Advance for Managing Air Pollution in NCR
A high-level task force led by Dr Pramod Kumar Mishra, Principal Secretary to the Prime Minister
reviewed the action taken by agencies and firm up plans for the coming harvesting and winter season. Its
objective was to initiate proper precautionary and preventive measures in advance for the management
of air pollution in the National Capital Region (NCR).
SEBI constitutes Technical Group on Social Stock Exchange under Harsh Kumar Bhanwala
Securities and Exchange Board of India (SEBI) constituted the Technical Group under the Chairmanship
of Harsh Kumar Bhanwala, former Chairman of NABARD. The group will develop a framework for on-
boarding non-profit organisations and for-profit enterprises. It will also develop a framework for
prescribing disclosure requirements relating to performance and aspects related to social audit and
social impact.
AWARDS
AWARDS IN THE FIELD OF NOBEL PRIZE
AWARD NAME AWARD WINNER FIELD KEY NOTES
Medical Education Prize Narendra Modi Ig Nobel Narendra Modi, Prime Minister of India
of Ig Nobel Prize 2020 Prize won the Medical Education Prize of Ig
Nobel Prize 2020 at the 30th First Ig
Nobel Prize Ceremony over virtual
platform. He became the 2nd Prime
Minister from India to win the Ig Nobel
Prize after Atal Bihari Vajpayee who won
the 1998 Peace award for “Aggressively
peaceful explosion of atomic bombs”.
The Ig Nobel Prize 2020 for Medical
Education is shared among Jair
Bolsonaro (Brazil), Boris Johnson (UK),
Narendra Modi (India), Andrés Manuel
López (Mexico), Alexander Lukashenko
(Belarus), Donald Trump (USA), Recep
Tayyip (Turkey), Vladimir Putin
(Russia), and Gurbanguly
Berdimuhamedow (Turkmenistan).
RECOGNITIONS
NAME RECOGNITION
Udit Singhal The founder of Glass2Sand, a zero waste ecosystem to control the
increasing menace of glass waste in Delhi, has been named to the 2020
Cohort of young leaders for the Sustainable Development Goals (SDGs) by
the United Nations (UN).
Shivangi Singh Flight Lieutenant Shivangi Singh to become the first woman fighter pilot of
India to fly the Rafale combat aircraft that was formally inducted into the
Indian Air Force (IAF) September 10, 2020. She hails from Varanasi, Uttar
Pradesh. She is one of the 10 Indian women fighter pilots in IAF.
CONFERENCE
CONFERENCE VENUE KEY POINTS
Indo Russian Young Eurasian Foundation organised the Indo Russian Young
Scholars International Scholars International E-conference 2020 on “India-Russia
E-conference 2020 domestic and bilateral development” from 3rd to 5th
September 2020 over a virtual platform. The year 2020
marks the 20th anniversary of the Declaration of Strategic
-
Partnership between India and Russia. It also marks 75th
anniversary of victory day of Russia. The event was
organised in collaboration with Indian Centre, Institute of
Oriental studies, Russian Academy of Sciences, Moscow,
Russia and Russian Centre of Science and Culture, New Delhi.
Conference on Aerosol Aryabhatta Research Institute of Observational Sciences
Air Quality, Climate (ARIES), Nainital, Uttarakhand an autonomous research
Change and Impact on institute under Department of Science and Technology and
Water Resources and Hemvati Nandan Bahuguna Garhwal University, a central
Livelihoods in the university in Srinagar, Pauri Garhwal, Uttarakhand jointly
-
Greater Himalayas organized an International Conference on ‘Aerosol Air
Quality, Climate Change and Impact on Water Resources and
Livelihoods in the Greater Himalayas’ at ARIES, Nainital from
September 14-16, 2020.
MEETINGS
MEETING NAME VENUE KEY POINTS
17th Association of South-East The 17th Association of South-East Asian Nations
Asian Nations (ASEAN)-India (ASEAN)-India Economic Ministers Consultations
Economic Ministers was held virtually which was co-chaired by Minister
Consultations - of Commerce and Industry & Railways Piyush Goyal
INDEX
RANKING
INDEX / SURVEY RELEASED BY / KEY NOTES
NAME CONDUCTED BY
Global Innovation Index World Intellectual India => 48th Rank
(GII) 2020 Property Organization India joined the group of Top 50 Countries in the
(WIPO), Cornell 13th Edition of Global Innovation Index (GII) 2020,
University and INSEAD as it took the 48th rank with a score of 35.59 in the
Business School Annual report jointly released by World Intellectual
Property Organization (WIPO), Cornell University
and INSEAD Business School. The Theme of the 13th
edition of the GII 2020 is “Who Will Finance
Innovation?”.
Top 3 Country:
1. Switzerland
2. Sweden
3. United States Click here
World University Times Higher Education United Kingdom (UK) based Times Higher Education
Rankings 2021 (THE) (THE) released the World University Rankings 2021.
The Indian Institute of Science (IISc) Bengaluru
ranked under the 301-350 group ranking, tops
among the 63 Indian institutions which were
qualified for the THE rankings. The University of
Oxford of UK was spotted tops in the list.
Top 3 University:
1. University of Oxford , England ,UK
2. Stanford University , California,UK
3. Harvard University , Massachusetts,US Click here
Business Reform Action Department of Industrial Union Minister of Finance and Corporate Affairs
Plan (BRAP) Ranking for Promotion and Internal Nirmala Sitharaman has virtually announced the 4th
2018-19 Trade (DPIIT) edition of State Business Reform Action Plan (BRAP)
Ranking for 2018-19 which was released by
Department of Industrial Promotion and Internal
Trade (DPIIT), Ministry of commerce and industry.
Top 3 State:
1. Andhra Pradesh (AP)
REPORTS
REPORT NAME SUBMITTED BY KEY NOTES
Accidental Deaths and Suicides in National Crime This is NCRB’s 53rd edition of the series which
India (ADSI) 2019 Records Bureau was started in 1967. The report is prepared
(NCRB), Ministry of with the data and information on deaths due
Home Affairs to accidents and suicides which were collected
by the State Crime Records Bureaux (SCRBx)
from the District Crime Records Bureaux
(DCRBx) and sent to the NCRB. Click here
The State of Young Child in India Venkaiah Naidu Vice President of India, Venkaiah Naidu
released the inaugural issue of the report ‘The
State of Young Child in India’ virtually. The
report provides an account of challenges
related to early child development (0-6 years)
in India. The report has been prepared by
Mobile Creches. Click here
Enhancing Nationally Determined Published by World Focus based on strengthening food systems in
Contributions (NDCs) for Food Wide Fund (WWF), the age of climate crisis. The report stated that
Systems United Nations Policymakers can improve the chances of
Environment achieving climate goals and limiting global
DoT & SEBI Approved Brookfield Infrastructure Partners Proposal to Acquire Reliance Telecom
Tower Assets
The Department of Telecommunications’ (DoT) and The Securities and Exchange Board of India-SEBI
(with certain clauses) has given approval to Reliance Jio Infocomm (RJio), to sell units worth Rs 25,215
crore in Tower Infrastructure Trust to Brookfield Infrastructure Partners L.P. It also approved a
Silver Lake Set to Invest Rs.7500 Crore for 1.75% Stake in Reliance Retails
Silver Lake, US based global technology investment firm, is set to invest Rs. 7500 crores in Reliance Retail
Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL). This investment will provide
Silver lake a 1.75% stake in RRVL. This investment will enhance the retail presence of RIL in the domestic
market.
CCI Approved Acquisition of Bombardier Transportation’s & Nutrition & Biosciences Inc.
Competition Commission of India (CCI) has approved the following proposals under Section 31(1) of
the Competition Act, 2002:
Acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom
S.A. (Alstom)
Acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc.
Read More Details Here: CCI Approved Acquisition of Bombardier Transportation’s & Nutrition &
Biosciences Inc.
KKR Picks up 1.28% Equity Stake of Reliance Retails for Rs.5550 Crore Investment
Reliance Industries limited (RIL) announced that KKR (Kohlberg Kravis Roberts), global investment firm,
will pick up 1.28% equity shares of RIL subsidiary Reliance Retail Ventures Limited (RRVL) by investing
Rs.5550 crores. The investment of KKR will translate into a 1.28% equity stake in RRVL on a fully diluted
basis.
DEFENCE
EXERCISE
EXERCISE NAME VENUE / PARTICIPATING KEY NOTES
COUNTRIES
INDRA NAVY – 20 Strait of Malacca, Indian Navy The 11th Edition of bi-annual, bilateral
and Russian Navy Maritime Exercise ‘INDRA NAVY – 20’ between
Indian Navy and Russian Navy was conducted
successfully from September 4 to 5. The
Exercise was conducted in Bay of Bengal, close
to the Strategic point of Strait of Malacca. The
INDRA military exercise has been conducted
by India and Russia since 2003.
Passage Exercise (PASSEX) East Indian Ocean Region, On September 23-24, 2020, Indian Navy
Indian & Australia conducted a 2-day long Passage Exercise
(PASSEX) with Royal Australian Navy (RAN) in
the East Indian Ocean Region (IOR) where
Indian side was represented by INS (Indian
Naval Ship) Sahyadri and INS Karmuk & the
Australian side included HMAS Hobart along
with Indian Maritime Patrol Aircraft (MPA),
and helicopters from both the nations.
JIMEX-2020 North Arabian Sea, Japan- The Fourth Edition of the Biennial Japan-India
India Maritime Exercise ‘JIMEX-2020’ took place
between Indian Navy and Japanese Maritime
Self-Defense Force (JMSDF) in the North
Arabian Sea from 26th September-28th
September, 2020. Due to Pandemic, JIMEX-
2020 is conducted in a ‘non-contact at-sea-
only format’.
TESTING
MISSILES NAME TESTING LOCATION FEATURES
Hypersonic Dr Abdul Kalam Island Defence Research and Development Organisation (DRDO)
Technology successfully tested Hypersonic Technology Demonstrator
Demonstrator Vehicle (HSTDV) using the Indigenously developed Scramjet
Vehicle (HSTDV) Propulsion System in its second attempt. The Technology
will be very critical as it will play an important part in
developing hypersonic cruise missile systems being
developed by DRDO. The HSTDV is designed to cruise at
Mach 6 speed (or six times the speed of sound), and the test
was conducted from Dr Abdul Kalam Island off the Odisha
Coast.
ABHYAS Balasore, Odisha Defence Research and Development Organisation (DRDO)
successfully conducted the flight test of ABHYAS — High
Speed Expendable Aerial Target (HEAT) from the Interim
India’s 1st Commercial Indigenously Developed Sonar Dome to be Mounted on P15 Alpha
Warship
Goa-based composites manufacturing company Kineco Limited became the first Indian company to
manufacture indigenous composites sonar dome after it was flagged off by the then Union Defence
Minister Late Manohar Parrikar to be delivered to Mazagon Dock Shipbuilders Limited (MDL) Mumbai.
The Kineco manufactured sonar dome flagged off to MDL, Mumbai by Goa Chief Minister, Pramod Sawant
for its mounting on the Indian Navy’s Kolkata and Visakhapatnam-class stealth destroyers of Indian Navy,
P15 Alpha for the first time. It has been designed by Research and Development Establishment, a Pune
based Defence Research and Development Organisation (DRDO) laboratory. Note: India’s first maritime
cluster is coming up at Verna, Goa.
ICICI Prudential Life Launched AI-Powered Voice Chatbot, ‘LiGo’ on Google Assistant
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) has introduced an Artificial
intelligence (AI)-powered voice chat-bot, ‘LiGo’, on Google Assistant. LiGo is ICICI Prudential Life’s
customer service chat-bot. This will enable the company’s policyholders to address their queries by
simple voice commands. It provides an easy to use and convenient service touch-point for customers.
IIT Delhi Incubated Startup, Chakr Innovation Launched “Chakr DeCoV” to Decontaminate N95
Masks
Indian Institute of Technology (IIT) Delhi incubated start-up Chakr Innovation launched an Ozone based
decontamination device named “Chakr DeCoV” to decontaminate the N95 masks and reuse up-to 10
times. The device was developed by the Chakr Innovation team led by Tushar Batham with the guidance
of researchers and professors of IIT Delhi.
LIGO and VIRGO Detected Mammoth Collision of ‘Impossible’ Black Holes for 1st time
For the 1st time, The Collision of ‘Impossible’ Black Holes was detected and directly observed by the Laser
Interferometer Gravitational Wave Laboratory (LIGO) Scientific Collaboration and the Virgo
Collaboration also known as LVC (LIGO Scientific Collaboration and Virgo Collaboration), which includes
scientists from the Australian National University (ANU).
Thaawarchand Gehlot launched ‘24×7 toll-free Mental Health Rehabilitation Helpline ‘KIRAN’
Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment has launched the 24×7 Toll-
Free Mental Health Rehabilitation Helpline “KIRAN” (1800-500-0019). The Helpline has been developed
by the Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice &
Empowerment.
Moon is Rusting: Orbital Data Reveals Presence of Hematite at High Latitudes on the Moon
New research paper titled “Widespread hematite at high latitudes of the Moon” published on Science
Advances reviewed the data from the Moon Mineralogy Mapper Instrument (M3) of Chandrayan-1
orbiter of Indian Space Research Organisation (ISRO) and found the Hematite (iron oxide or rust) at the
high latitudes of the moon. Shuai Li from the University of Hawaii was the lead author of the research
paper.
Delhi Metro Launched India’s 1st Indigenous Signalling Technology ‘i-ATS’ under Make in India
On the occasion of Engineers Day i.e. September 15, 2020, the Delhi Metro Rail Corporation (DMRC)
launched i-ATS (Automatic Train Supervision), the first Made-in-India signalling system. It is an
important sub-system of the signalling system for the development of CBTC (Communication Based Train
Control) based signalling technology for metro railway by automatically detecting all trains on a corridor.
IIIT Bhubaneswar Students Developed, ‘Swasner’, a 1st of its kind Helmet-like Ventilation Device
to Ease Breathing
A group of 7 engineering students from IIIT (International Institute of Information Technology),
Bhubaneswar have developed ‘Swasner’, a 1st of its kind helmet-like ventilation device to help patients
breathe more conveniently. The designed hyperbaric chamber is a low-cost device to help COVID-19
patients.
Pixxel Enters into a Service Agreement with Momentus for Second Satellite Launch
Momentus Inc., which provides in-space satellite transportation and infrastructure services and Pixxel,
an Indian space-tech start-up has signed a service agreement to launch the 2nd satellite of Pixxel to SSO
orbit (Sun-synchronous orbit or heliosynchronous orbit) in December 2021 on top of a SpaceX Falcon-9
and also with option to fly again in 2022. The earth imaging satellite, which is the 1st satellite of Pixxel is
scheduled to be launched on a Russian Soyuz rocket in November, 2020.
INTERNATIONAL
Northrop Grumman Named its NG-14 Cygnus Spacecraft as ‘SS Kalpana Chawla’ after Former
Astronaut Kalpana Chawla
An American Global Aerospace and Defense technology company, Northrop Grumman Corporation
(Northrop Grumman) has named its next Cygnus Spacecraft, NG-14 as ‘SS Kalpana Chawla’ after Dr
Kalpana Chawla, a former NASA (National Aeronautics and Space Administration), United States of
America-USA Astronaut. She was selected in honour of her outstanding place in history as the 1st
woman of Indian descent to go to space. S.S. Kalpana Chawla is the 2nd Cygnus to be named for a
member of the STS-107 crew. Rick Husband, Columbia’s last commander, was similarly honored in
2016.
Scientists Discovered 1st Ever Planet, ‘WD 1856 b’ Orbiting a White Dwarf, ‘WD 1856+534’
An international team of astronomers have discovered the 1st ever planet, ‘‘WD 1856 B’’ orbiting a white
dwarf (‘WD 1856+534’) or a dead star, located about 80 light years away in the northern constellation
Draco. The Jupiter sized planet has a very short orbital period, i.e., a year on this planet is only 1.4 days.
The findings are published in the Journal Nature. The discovery was made using NASA’s (The National
Aeronautics and Space Administration) Transiting Exoplanet Survey Satellite (TESS) and retired Spitzer
Space Telescope. WD 1856 b is about 7 times larger than ‘WD 1856+534’.
ENVIRONMENT
Researchers from Kerala and West Bengal have identified ‘Systomus Gracilus’, a New Species of
Freshwater Fish from Ganga
The researchers from Kerala and West Bengal have identified Systomus gracilus, a new cyprinid (family
of freshwater fish) fish from Ganges River at Naihati of West Bengal. The discovery was published as an
article in the ‘Journal of Experimental Zoology’. The Science and Engineering Research Board (SERB),
statutory body under the Department of Science and Technology (DST) has funded this project.
Researchers of ZSI Discovers Two New Species of Cockroach Wasps in Western Ghats
Researchers of the Zoological Survey of India (ZSI), Kozhikode discovered 2 new species of Cockroach
Wasps in Western Ghats. These new species were named Dolichurus sahyadriensis after Sahyadri or
Western Ghats mountain ranges and Dolichurus chareshi after C. Charesh, the laboratory assistant, ZSI
who contributed in the collection of the species. The findings will be published in the Zootaxa, an
internationally peer reviewed journal of animal taxonomy.
JNTBGRI Identified New & Rare Species of Climber “Pothos boyceanus” in Western Ghats
Scientists of Jawaharlal Nehru Tropical Botanic Garden and Research Institute(JNTBGRI) from Palode of
Kerala, have identified a new and extremely rare climber named “Pothos boyceanus” after Peter G. Boyce,
expert on ‘Araceae’ of Southeast Asia. The discovery of Pothos boyceanus was published in Taiwania,
international journal of biodiversity. The discovery was made during a floristic survey of the Western
Ghats in the evergreen forests of Valara, Iddukki at Kerala.
SPORTS
CRICKET
England Cricketer Ian Bell announces Retirement at the age of 38
England Cricketer Ian Ronald Bell (38) announced retirement from Professional Cricket. He was the
second player after Ian Botham to be involved in five Ashes series wins. Ian Bell has represented England
in 118 Test Matches, 161 One Day Internationals (ODIs), and 8 Twenty 20 Internationals (T20I). He has
scored 7,727 runs in Test Cricket at an average of 42.69, while scoring 5,416 runs in the 50-over format.
India, Russia declared joint winners of 2020 Online FIDE Chess Olympiad
India and Russia were declared joint winners of the 2020 Online FIDE (International Chess Federation)
Chess Olympiad after the final was marred by internet disconnection. This was the first time that FIDE
was holding the Olympiad in an online format due to the ongoing Pandemic. The Indian squad at the Chess
Olympiad 2020 included Vishwanathan Anand, Vidit Santosh Gujarati (captain), P. Harikrishna, Koneru
Humpy, Dronavalli Harika, Bhakti Kulkarni, Nihal Sarin, Divya Deshmukh, R. Praggnanandha, Vantika
Agrawal, R. Vaishali and Arvindh Chithambaram.
Indian GM Iniyan wins 48th Annual World Open Chess Virtual tournament (online)
Indian Grandmaster Panneerselvam Iniyan won the 48th Annual World Open Chess Tournament via
online with 7.5 points from nine games. The World Open Chess Tournament is organized by Continental
Chess Association. It was held from August 7-9, 2020 in online mode following classical time control.
Wushu Stalwart Poonam Khatri’s Silver Medal at 2019 World Championship Upgraded to Gold
Medal
Poonam Khatri who won the Silver Medal at the 15th edition of World Wushu Championships (WWC)
2019 held at Minhang Gymnasium in Shanghai, China has now been upgraded to Gold Medal. She is now
the third Indian to win a Gold in Wushu World Championship after Pooja Kadiyan (2017) and Praveen
Kumar (2019). Her Gold Medal got upgraded after Iran’s Maryam Hashemi failed in her dope test.
Lewis Hamilton wins Tuscan Grand Prix, Albon secures first career podium
Mercedes’ Lewis Hamilton (Britain) Won the Tuscan Grand Prix 2020, held at the Mugello Circuit, Italy.
This is Hamilton’s 90th Pole Position of his career, he is one win short of equalling Michael Schumacher’s
All-Time Record.
OBITUARY
NATIONAL
PERSON NAME FIELD BORN PLACE KEY NOTES
Pranab Kumar Former President Mirati, West Bengal Passed away after developing a lung
Mukherjee and One of the infection at the Army’s Research and
Country’s Senior Referral Hospital, New Delhi, where he
Most Politicians was admitted for a Brain Surgery.
Pranab Mukherjee served as the 13th
President of India from 2012-2017. He
was India’s only non-Prime Minister
who was the leader of the Lok Sabha.
Fondly called as ‘Pranabda’, he was
born in 1935. Click here
Dr S. Padmavati India’s 1st Female & Burma (now Died in National Heart Institute (NHI)
Sivaramakrishna Oldest Cardiologist Myanmar) due to COVID-19. She was the founder
of All India Heart Foundation (AIHF)
and NHI, New Delhi, and established
the 1st cardiac clinic and
catheterization laboratory at the Lady
Hardinge Medical College in India
(Delhi). She is popularly known as the
“GodMother of Cardiology”. She was
born on June 20, 1917. She received
Padma Bhushan in 1967 and Padma
Vibhushan in 1992.
Katyayani Shankar Former Indian Jaipur, Rajasthan Passed away. He co-founded the Delhi
Bajpai Ambassador to the Policy Group (DPG), an independent
United States (US), think tank in 1994 with other eminent
Pakistan, public intellectuals & remained its
Netherlands and chairman since then. He served as the
China Former Secretary, External Affairs
Ministry. He was born on March 30,
1928. He is the Son of Girija Shankar
Bajpai (1st Secretary-General of the
Ministry of External Affairs).
Kesavananda Petitioner of the Kesavananda Bharati Swamiji (80), a
Bharati Swamiji Historic Judgement petitioner of the historic judgement of
the Supreme court on the Fundamental
- Rights case passed away in the Edneer
Mutt, Kerala due to cardiac and
breathing problems. Kesavananda
Bharati has headed the Edneer Mutt
since 1961.
Govind Swarup Father of India’s United Provinces, Passed away due to age related
Radio Astronomy British India (Now in complications in Ruby Hall Clinic, Pune
Uttar Pradesh) Maharashtra. He was the founding
director of National Centre for Radio
Astrophysics of Tata Institute of
INTERNATIONAL
PERSON NAME FIELD BORN PLACE KEY NOTES
Chadwick Hollywood star USA Well known for his role as T’Challa in the film
Boseman Black Panther (2018) passed away in his
residence at Los Angeles, United States of
America (USA) due to colon cancer. He was
born in Anderson, South Carolina. His movie
Black Panther was the first superhero film to
get an Oscar nomination for best picture.
David Capel Former England Northampton Passed away in Northamptonshire after a
all-rounder and prolonged illness due to brain tumour. He had
legendary played around 15 tests and 23 One Day
cricketer Internationals (ODIs) representing England
from 1987 to 1990.
Jiri Menzel Director (film & Prague, Jiri Menzel, director (film & theatre), writer and
theatre), Writer Czechoslovakia actor of Czech Republic passed away after
and Actor battling serious health issues. His 1st feature
film, ‘Closely Watched Trains’ won an Academy
Award (Oscars) for Best Foreign Language film
IMPORTANT DAYS
OBSERVED DATE / WEEK DAYS KEY NOTES
August 30, 2020 International Day of the United Nations (UN)’s International Day of
Victims of Enforced the Victims of Enforced Disappearances is
Disappearances annually observed on 30th August to create
and raise awareness that enforced
disappearance is a crime and it should not be
used like a tool to deal with the situations of
conflicts. The first International Day of the
Victims of Enforced Disappearances was
observed on 30th August 2011. Click here
September 2020 “Poshan Maah” or Prime Minister Narendra Modi announced to
“Nutrition Month” celebrate the September 2020 (3rd edition) as
“Poshan Maah” or “Nutrition Month”. The
month will be celebrated across India to
educate everyone on the importance of
optimum nutrition. The nutrition month was
celebrated earlier in September 2018 and
2019. A unique nutrition park has been
created at the Statue of Unity, where people
can witness the nutrition related education
along with other fun activities.
September 1-7, 2020 National Nutrition Week National Nutrition Week (NNW) is an annual
(NNW) nutrition event observed in India during the
First week of September from 1st September
to 7th September. The events of NNW are
organised by the Food and Nutrition Board of
the Ministry of Women and Child
Development (WCD), Government of India to
educate the importance and role of nutrition
in the human body. The Food and Nutrition
board of the Ministry of WCD launched the
National Nutrition Week in 1982.
August 29, 2020 Telugu Language Day Telugu Language Day (Telugu Bhasha
Dinotsavam) is celebrated on August 29
every year. The birth anniversary of Gidugu
Venkata Ramamurthy, a prominent Telugu
writer. Telugu is referred to as ‘The Italian of
the East’.
September 2, 2020 World Coconut Day World Coconut Day is observed annually on
September 2 to create awareness about the
importance, usage of coconut and its benefits
across the world. The day is celebrated in
AC GAZE
WHO Appoints Former Health Secretary Preeti Sudan as a member of its Panel for Pandemic
Preparedness
The World Health Organization’s independent panel for pandemic response has appointed India’s
former health secretary Preeti Sudan as one of its 11 panel member across the Globe and the decision
was made by the panel’s head, former New Zealand PM Helen Clarke and former Liberia President Ellen
Johnson Sirleaf.
NABARD launches Awareness & Sensitization programme for FPO in Co-ordination with District
Administration
An Awareness & Sensitization programme was launched by National Bank for Agriculture and Rural
Development (NABARD) for the newly proposed Farmer Producer Organizations (FPO) along with
district administration, the objectives of the awareness cum sensitization programme is to aid the
farmers to form FPO’s and sell their product on reasonable rates by avoiding brokers.
Sub Lt. Kumudini Tyagi & Sub Lt. Riti Singh to Become the 1st Women Observers to Operate from
Warships
On 21st September 2020, Sub Lieutenant Kumudini Tyagi and Sub Lieutenant Riti Singh became the first
women to be posted in frontline warships as the Observers “Airborne Tacticians” of Helicopter Stream to
operate from warships of the Indian Navy. They were a part of a group of 17 officers of the Navy, who
were awarded ‘Wings’ on graduating as ‘Observers’ at a ceremony held at (Indian Navy Ship) INS Garuda,
Kochi, Kerala.
MIT Professor Won the Inaugural AI Award for Cancer Research & Discovery of New Drugs
Regina Barzilay, a professor at Massachusetts Institute of Technology (MIT)’s Computer Science and
Artificial Intelligence Laboratory won the inaugural edition of the annual award instituted by the
Association for the Advancement of Artificial Intelligence and funded by Chinese online education
company Squirrel AI. She was awarded the top award (1 million USD) for using computer science to
detect cancer and discover new drugs.
Rajiv Gandhi International Airport gets ACI health Accreditation for Safe Travel
On September 20, 2020 The Airport Council International (ACI), a worldwide association for the air
transport industry, granted GMR Group-led Rajiv Gandhi International Airport located at Hyderabad,
Telangana, the Airport Health Accreditation (AHA) for the safety measures being taken at the aerodrome.
The airport is among the 1st airports in the Asia Pacific region to have received this accreditation.
Fed Cup, Women’s World Cup of Tennis, Renamed as the Billie Jean King Cup: ITF
International Tennis Federation (ITF) announced that Fed Cup, the women’s world cup of tennis, has
been renamed as the Billie Jean King Cup by BNP Paribas, a French international banking group. This is
the 1st time a major global team competition has been named after a woman. Billie Jean King is an
American Former World No. 1 professional tennis player. She is a global campaigner for equality who has
dedicated her life to combating all forms of discrimination.
Punjab Launched Smart Ration Card Scheme to Cover 1.141 Cr Beneficiaries of NFSA
Over a virtual platform Capt. Amarinder Singh, Chief Minister of Punjab launched the Smart Ration Card
Scheme to cover 1.41 crore beneficiaries of National Food Security Act (NFSA) across Punjab. He also
announced a state funded scheme to provide ration to 9 lakh beneficiaries who are not covered under
NFSA. These schemes will end the exploitation of beneficiaries by ration depot holders and enable them
to get their ration from any depot across the state.
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