Latest Current Affairs Daily Update

23rd Oct 2020 Current Affairs Headlines

Important Days

World Snow Leopard Day

World Snow Leopard Day is observed globally on 23rd October. The main purpose of this day is to show the importance of snow leopard conservation and raise awareness about this incredible animal.

The day also emphasizes the importance of taking measures to stop poaching, as well as consolidating efforts in terms of an environmental organization in the countries of the snow leopard range.


National Headlines

ECI constitutes committee to examine issues concerning expenditure limits

The Election Commission of India has set up a 2-member committee to examine the issue of revising the expenditure limit for candidates for Lok Sabha and assembly polls.

The committee will comprise of Shri Harish Kumar, Ex. IRS and DG (Investigation), Shri Umesh Sinha, Secretary-General and DG (Expenditure).

The need to set up this committee was felt in view of the increase in the number of electors and the rise in the Cost Inflation Index. It will submit its report within 120 days of its constitution.

Useful notes for all competitive exams:

  • Chief Election Commissioner of India: Sunil Arora.
  • Election Commission of India Headquarters: New Delhi.

Andhra Pradesh CM launches ‘YSR BIMA’ for BPL families

The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy has launched ‘YSR Bima’, a scheme to provide financial assistance through insurance cover to the beneficiary in case of death or accident of their families members.

All families with white ration cards are eligible for YSR Bima scheme. Village/ward volunteers will visit the families and enrol the names of the primary householders.

Useful notes for all competitive exams:

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

Tamil Nadu Govt launches “Smart Black Board Scheme”

The state government of Tamil Nadu has launched the Smart Black Board scheme in 80,000 government schools of the state. The initiative aims to ensure a better teaching environment as well as lead towards Digital India and Atmanirbhar Bharat.

Under this Smart Black Board scheme, audiovisual teaching material would be possible, that can even be fed into the computer screens in classes using widely available pen drives.

The Tamil Nadu Govt has taken an important decision to lessen syllabus for season 2020-21 by 40 per cent.

Useful notes for all competitive exams:

  • Tamil Nadu Capital: Chennai.
  • Tamil Nadu Chief Minister: Edappadi K. Palaniswami.
  • Tamil Nadu Governor: Banwarilal Purohit.
  • Tamil Nadu State Dance: Bharathanatyam.

Uttarakhand CM launches Integrated Model Agricultural Village scheme

Uttarakhand Chief Minister, Trivendra Singh Rawat has inaugurated Integrated Model Agricultural Village scheme (Ekikrit Adarsh Krishi Gram Yojana) in the state in partnership with NABARD.

Putting emphasis on mechanised farming for boosting productivity, state Agriculture Minister Subodh Uniyal urged National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala to lend a helping hand to farmers to switch over to mechanised farming.

Useful notes for all competitive exams:

  • Uttarakhand Chief Minister: Trivendra Singh Rawat.
  • Governor of Uttarakhand: Baby Rani Maurya.

Defence News

“INS Kavaratti” commissioned into Indian Navy

The Chief of Army Staff, General MM Naravane has commissioned the ‘INS Kavaratti’, the last of four indigenously-built anti-submarine warfare (ASW) stealth corvettes, into the Indian Navy in Visakhapatnam.

The ship has been designed by the Indian Navy’s in-house organisation, Directorate of Naval Design (DND), and built by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata.

The anti-submarine warfare (ASW) stealth corvettes have been undertaken under ‘Project 28’, also called Kamorta-class corvettes of the Navy.

INS Kavaratti has state-of-the-art weapons and sensor suite capable of “detecting and prosecuting” submarines and good endurance for long-range deployments.

Useful notes for all competitive exams:

  • Chief of Naval Staff: Admiral Karambir Singh.

DRDO successfully conducts final trial of Nag anti-tank guided missile

Defence Research and Development Organization (DRDO) successfully carried out the final trial of the third generation, anti-tank guided missile ‘NAG’, from the Pokhran field firing ranges in Rajasthan.

The successful final user trial of the missile makes the Nag anti-tank missile ready for induction in the Indian Army. Following the final trial, the missile will now enter into the production phase.

The Nag anti-tank guided missile has been developed by the Defence Research and Development Organization (DRDO), to engage highly fortified enemy tanks in the day and night conditions.

  • It has an operational range of 500 m to 20 km.
  • It will be manufactured by defence PSU Bharat Dynamics Limited (BDL), under the Integrated Guided Missile Development Program (IGMDP), of DRDO.

Useful notes for all competitive exams:

  • DRDO Chairman: Dr G. Satheesh Reddy.
  • DRDO Headquarters: New Delhi.

Banking News

Indian Bank, IIT-Madras in pact for start-up funding

Indian Bank has introduced an initiative for funding start-ups, ‘IND Spring Board’, in collaboration with the IIT-Madras Incubation Cell (IITMIC).

The Chennai-headquartered bank seeks to bridge the gap in funding for start-ups through this collaboration with IITMIC.

Under the deal, IITMIC will refer start-ups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model.

The bank will extend loans of up to 50 crores to these start-ups for their working capital requirements or purchase of machinery, equipment.

Useful notes for all competitive exams:

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

Appointments

Neena Malhotra appointed as Ambassador to Republic of San Marino

Indian diplomat Dr Neena Malhotra, 1992-batch Indian Foreign Service officer, appointed as next Ambassador to the Republic of San Marino. She will have a residence in Rome. Presently, she is serving as the Ambassador of India to the Republic of Italy.

Useful notes for all competitive exams:

  • Republic of San Marino Capital: San Marino.
  • Republic of San Marino Currency: Euro.

Sushil Kumar Singhal appointed as next Ambassador to the Solomon Islands

Sushil Kumar Singhal, a 2000-batch IFS officer, has been concurrently accredited as the next High Commissioner of India to the Solomon Islands.

He is presently serving as the High Commissioner of India to the Independent State of Papua New Guinea.

Useful notes for all competitive exams:

  • Solomon Islands Capital: Honiara.
  • Solomon Islands Currency: Solomon Islands dollar.

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