Latest Current Affairs Daily Update

04th Nov 2020 Current Affairs Headlines

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National Headlines

India’s 1st solar-powered miniature train launched in Kerala

Kerala Chief Minister Pinarayi Vijayan has introduced India’s first energy-driven miniature train at the Veli Tourist Village.

The train, which would be an attraction for children especially, was part of a string of projects totally worth Rs 60 crore taken up to elevate the facilities at the panoramic destination to international standards.

Useful Notes for all competitive exams:

  • Chief Minister of Kerala: Pinarayi Vijayan; Governor: Arif Mohammad Khan.

International Headlines

Super Typhoon Goni hits the Philippines

Super Typhoon Goni, claimed as the world’s strongest typhoon of 2020 has hit the south of the Philippines’ main island of Luzon.

Goni is one of the strongest storms to hit the Philippines since 2013’s Haiyan, which killed more than 6,300 people.

Useful Notes for all competitive exams:

  • Philippines President: Rodrigo Duterte Trending.
  • Philippines Capital: Manila.
  • Philippines Currency: Philippine peso.

Banking News

RBI imposes monetary penalty on DCB Bank for rule violations

The Reserve Bank of India (RBI) imposed monetary penalty on DCB Bank and Jio Payments Bank for various rule violations.

The central bank has imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions on marketing/distribution of mutual fund/insurance etc.

The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

In the case of Jio Payments Bank, the RBI imposed a penalty of Rs 1 crore for non-compliance with RBI directions on timely submission of application in the case of reappointment of Managing Director and Chief Executive Officer under Section 35B of the Banking Regulation Act, 1949 (the Act).

Useful Notes for all competitive exams:

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

Business News

AAI hands over Lucknow airport to Adani group

The Airports Authority of India (AAI) has handed over the Lucknow airport to the Adani group on lease for a period of 50 years.

Apart from this, the Adani group has taken over/will take over operations of 5 more airports. In February 2019, the Central Govt had privatised six major airports of the country namely Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.

The right to run all these 6 airports has been won by Adani Group for 50 years.

Adani group has taken over the operations of Jaipur, Guwahati and Thiruvananthapuram in September 2020, Mangaluru on October 31, 2020, Lucknow on November 02, 2020, and will take on the operations of Ahmedabad Airport on November 11, 2020.


Appointments

Rajiv Jalota becomes new chairman of Mumbai Port Trust

Indian Administrative Services (IAS) officer, Rajiv Jalota has been appointed as the chairman of Mumbai Port Trust (MbPT).

The appointment committee of the Union cabinet issued the order for the central deputation.

The post of MbPT chairman was vacant after former chairman Sanjay Bhatia retired on July 31 and was appointed as Lokayukta of Maharashtra.

Useful Notes for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.

PVG Menon appoints as CEO of Electronics Sector Skill Council of India

The Electronics Sector Skill Council of India (ESSCI) announced the appointment of PVG Menon as its chief executive officer.

Menon will be responsible for overseeing the operations of ESSCI and work closely with its governing Council on strategic issues related to the growth of the electronic systems design and manufacturing (ESDM) industry in India.

ESSCI works with industry, the National Skill Development Corporation, and the Ministry of Electronics and IT to provide both skilling and re-skilling services to the industry.

Useful Notes for all competitive exams:

  • Electronics Sector Skill Council of India Headquarters: New Delhi.

Agreements

IBM, Indian Oil Corporation collaborate for digital services

Tech giant IBM stated it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter’s customer experience using digital tools. Around 12,400 IOCL distributors covering about 130 million consumers can now use the IndianOil One mobile app and portal, developed by IBM Services.

The IndianOil One mobile app and portal are part of Indian Oil’s Project ePIC, an integrated platform for Customer Relationship Management (CRM) and Distribution Management System (DMS).

Useful Notes for all competitive exams:

  • IBM CEO: Arvind Krishna.
  • IBM Headquarters: Armonk, New York, United States.
  • Indian Oil Corporation Ltd Chairperson: Shrikant Madhav Vaidya.
  • Indian Oil Corporation Ltd Headquarters: New Delhi.
  • Indian Oil Corporation Ltd Founded: 30 June 1959.

ICICI Lombard, FreePaycard to offer health insurance solutions

ICICI Lombard in partnership with Freepaycard, an online pre-paid card trading platform, has launched Group Safeguard Insurance.

This strategic partnership will make the bite-sized health insurance solutions, designed specifically for Freepaycardmembers, available at its multi-category partner retail outlets.

Freepaycard members can add these health solutions on the go while shopping for other essential goods or services.

Useful Notes for all competitive exams:

  • ICICI Lombard CEO: Bhargav Dasgupta.
  • ICICI Lombard  Headquarters: Mumbai.

Sports

Shane Watson retires from all forms of cricket

Australian all-rounder, Shane Watson has announced his retirement from all forms of cricket.

The 39-year-old will hang up his boots after an illustrious career during which he won two ICC Men’s Cricket World Cups and two ICC Champions Trophy titles. He played 59 Tests, 190 ODIs and 58 T20Is.


Obituary

James Bond actor Sean Connery passes away

The Scottish actor, best known for his portrayal of James Bond, Sean Connery passed away.

Scottish movie legend Connery, who shot to international stardom as the suave and sophisticated British agent James Bond and went on to grace the silver screen for four decades. Connery will be remembered first as British agent 007.


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