25th Dec 2020 Current Affairs Headlines

December 26, 2020
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Latest Current Affairs Daily Update

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Important Days

National Consumer Rights Day

National Consumer Rights Day is observed every year on December 24. On this day in 1986, the Consumer Protection Act 1986 received the Presidential assent and thus came into force. The Act aims to provide consumers with effective safeguards against different types of exploitation, such as defective goods, deficiency in services and unfair trade practices.

This day provides an opportunity for people to highlight the importance of the consumer rights movement and the need to make every consumer more aware of their rights and responsibilities.

Useful notes for all competitive exams:

  • Minister of Consumer Affairs, Food and Public Distribution: Piyush Goyal.

National Headlines

World Bank signs $500mn project to develop highways in India

The Government of India and the World Bank signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.

The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies.

The Green National Highways Corridors Project will support MoRTH construct 783 km of highways in various geographies by integrating safe and green technology designs such as local and marginal materials, industrial byproducts, and other bioengineering solutions.

Useful notes for all competitive exams:

  • World Bank Headquarters: Washington DC, United States.
  • World Bank President: David Malpass.
  • World Bank Founded: 1944.
  • Union Minister of Road Transport and Highways:  Nitin Jairam Gadkari.

Karnataka unveils “FRUITS” portal for farmers

Karnataka government has unveiled the Farmer Registration and Unified beneficiary Information System (FRUITS), an e-governance portal, to create a repository of farmland information and farm loan details on a single platform.

All farmers will be registered and given an identification number on the portal. The FRUITS Portal is integrated into the BHOOMI Package of the Karnataka State for fetching and validating the land details.

One other important facility of this Portal is online creation of charge by which visit of farmers to Sub-Registrar Office is avoided. Canara Bank has agreed to run FRUITS on a pilot basis.

Useful notes for all competitive exams:

  • Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.

Business News

PayU ties up with Google Pay to introduce tokenised payments

PayU with Google Pay has introduced tokenised payments flow for Indian merchants. With the digital token linked to the phone and card information tokenised, Google Pay users can make repeat payments seamlessly and securely.

Through the option of one-click payment, one doesn’t need to re-enter the payment data, as the OTP is read automatically and the payment is processed instantaneously.

Tokenised payments offer a highly convenient, safe, and friction-free payment experience, and we are excited to partner with Google Pay to make this available for our merchants. It will help them build lasting trust and loyalty with customers, reduce risks of cart abandonment and payment failures, and scale up their businesses.

Useful notes for all competitive exams:

  • CEO of Google: Sundar Pichai; Headquarters: California, United States.
  • PayU Founded: 2006.
  • PayU CEO: Laurent le Moal.

Awards News

NTPC wins the prestigious CII-ITC Sustainability Awards 2020

Country’s largest power producer, National Thermal Power Corporation Limited (NTPC) has been conferred “Excellence” in the prestigious CII-ITC Sustainability Awards 2020 in Corporate Social Responsibility (CSR) Domain.

NTPC has been honoured in the Corporate Excellence Category, Commendation for Significant Achievement.

This is the highest award conferred by CII-ITC in CSR domain. NTPC is the only PSU to receive the award in the Corporate Excellence category. NTPC wins the prestigious CII-ITC Sustainability Awards in Corporate Excellence category second time in a row i.e. in the year 2019 and 2020.

Useful notes for all competitive exams:

  • NTPC MD & CEO: Gurdeep Singh.
  • NTPC Founded: 1975.
  • NTPC Headquarters: New Delhi, India.

Obituary

Renowned Malayalam poet Sugathakumari passes away

Renowned poet and activist, Sugathakumari passed away, after testing positive for the coronavirus. She was one of the most active campaigners of the Save Silent Valley Movement when it took shape in the 1970s.

She wrote a poem Marathinu Sthuti (Hymn to a Tree), which was recited at every other protest to save the Silent Valley. Sugathakumari was awarded India’s fourth-highest civilian award, Padma Shri, in 2006.

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