Latest Current Affairs Daily Update

Daily Current Affairs Headlines 14th & 15th Oct 2020

Most Important 14th and 15th Current Affairs Quiz

Important Days

International Day for Disaster Reduction

The United Nations International Day for Disaster Reduction is observed globally on 13th October.

The day is celebrated to promote a global culture of risk-awareness and disaster reduction and also celebrates how people and communities around the world are reducing their exposure to disasters and raising awareness about the importance of reining in the risks that they face.

This year’s International Day for Disaster Risk Reduction is all about governance. You can measure good disaster risk governance in lives saved, reduced numbers of disaster-affected people and reduced economic losses.

COVID-19 and the climate emergency are telling us that we need a clear vision, plans and competent, empowered institutions acting on scientific evidence for the public good.

World Standards Day

World Standards Day or International Standards Day is observed globally on 14 October every year. The day aims to raise awareness about the importance of standardisation to the global economy among the consumers, regulators and industry. World Standards Day 2020 theme is “Protecting the planet with standards”.

National Headlines

 Haryana govt launches mobile water testing labs

Haryana government has launched a mobile water testing laboratory van, fully equipped with a multi-parameter system containing analysers, sensor, probes and instruments meant for assessing water quality.

Water quality in Haryana is mainly affected by constituents like total dissolved solids (TDS), fluoride, nitrate, iron and alkalinity.

This initiative work under the Jal Jeevan Mission, which aims to provide tap water to rural households by 2024, is being done on a war footing and it gives a lot of emphasis on water quality surveillance and monitoring.

Useful notes for all competitive exams:

  • Governor of Haryana: Satyadeo Narayan Arya.
  • Chief Minister of Haryana: Manohar Lal Khattar.

Kerala becomes 1st state to have completely digital, hi-tech classrooms

Chief Minister, Pinarayi Vijayan has declared the state public education sector completely digital as Kerala has become the first state in the country to have high-tech classrooms in all its public schools.

The high-tech classroom project was implemented by Kerala Infrastructure and Technology for Education (KITE) with financial assistance from Kerala Infrastructure Investment Fund Board (KIIFB).

MP and MLA funds, local self-government institutions fund were also utilised for setting up the classrooms.

Useful notes for all competitive exams:

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

Goa Govt ties up with India Post to get farmers enrolled in PM-KISAN scheme

The Goa Government has tied up with India Post to get 11,000 farmers enrolled in the Pradhan Mantri Kisan Sanman Nidhi scheme.

This is the first such exercise in India to enrol farmers in the PM Kisan Samman Nidhi scheme, whereby the postman will be utilised to benefit farmers. All 255 post offices in Goa and 300 staff are involved in this initiative.

This PM Kisan Samman Nidhi scheme where the farmers directly received direct benefit transfer of Rs 2,000 in three instalments every year, is for the economically weaker farmers.

Useful notes for all competitive exams:

  • Goa Capital: Panaji.
  • Governor of Goa: Bhagat Singh Koshyari.
  • Chief Minister of Goa: Pramod Sawant.

ADB approves 300 million US dollar loan for Rajasthan’s water supply

India and the Asian Development Bank (ADB) has signed a 300 million US dollar loan to finance inclusive and sustainable water supply and sanitation infrastructure and services in 14 secondary towns of the state of Rajasthan.

The project aims at providing better quality and more sustainable Water Supply and Sanitation (WSS) services in the project towns. It will improve the quality of life in these towns, including for the poor and vulnerable after signing the loan agreement.

Useful notes for all competitive exams:

  • Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.
  • President of Asian Development Bank: Masatsugu Asakawa.
  • Asian Development Bank Headquarters: Mandaluyong, Philippines.
  • Asian Development Bank Founded: 19 December 1966.

International Headlines

FATF keeps Pakistan on enhanced follow-up list

Financial Action Task Force (FATF) Asia Pacific Group has kept Pakistan in its ‘Enhanced Follow Up’ list. The organisation had downgraded Pakistan status from “regular follow-up” to “enhanced follow up”.

Enhanced follow up status means the country need to provide monthly reports of its compliance to the Financial Action Task Force. The Asia-pacific group of FATF submitted its report called “Follow up report on the “mutual evaluation of Pakistan”.

Useful notes for all competitive exams:

  • The headquarters of FATF is in Paris, France.
  • FATF was founded in July 1989.
  • Prime Minister of Pakistan: Imran Khan.
  • President of Pakistan: Arif Alvi.
  • Capital of Pakistan: Islamabad.


BharatPe launches 11 Cricket Stars as Brand Ambassadors

BharatPe has announced the launch of its high impact TV campaign starring ‘Team BharatPe’ with 11 Cricket stars as brand ambassadors.

The TVC series has been directed by ace Bollywood director, Puneet Malhotra, and communicates the message ‘Hum Hai Team BharatPe – Jo Desh Ke Har Dukandaar Ke Saath Hai Khade’.

Team BharatPe includes Rohit Sharma, Jasprit Bumrah, KL Rahul, Mohammed Shami, Ravindra Jadeja, Suresh Raina, Shreyas Iyer, Prithvi Shaw, Sanju Samson, Yuzvendra Chahal, and Shubhman Gill.

Banking & Economy

RBI raises banks’ aggregate exposure limit for small businesses

Reserve Bank of India (RBI) has raised the banks’ maximum aggregate retail exposure limit to entities with turnover up to Rs 50 crore to Rs 7.5 crore. Earlier this limit was Rs 5 crore.

The decision has been taken to increase credit flow to small businesses.

The risk weight of 75 per cent will apply to all fresh exposures and also to existing exposures where incremental exposure may be taken by the banks up to the revised limit of Rs 7.5 crore.

Useful notes for all competitive exams:

  • RBI 25th Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Axis Bank launches ACE Credit Card in partnership with Google Pay

Axis Bank has launched a new entry-level credit card named Axis ACE Credit Card, with a focus on increasing participation of users in the digital economy.

It also aims to bring a seamless, digital experience to users from application to issuance. The card has been launched in collaboration with Google Pay and will run on Visa (Signature) platform.

The tokenization feature has been enabled in partnership with Visa. This will allow the users of Google Pay to use their ACE Credit Card to make payments through a secure digital token attached to their phone without the need to share their card details physically.

Useful notes for all competitive exams:

  • Axis Bank Headquarters: Mumbai, Maharashtra.
  • Axis Bank MD and CEO: Amitabh Chaudhry.

IMF projects India’s GDP to contract 10.3% in 2020

According to ‘World Economic Outlook’ report, the International Monetary Fund (IMF) has projected the Indian economy to contract by 10.3 per cent in 2020-21, from its earlier prediction of 4.5 per cent due to rise in Covid cases.

However, IMF estimates the GDP of India to grow at 8.8 per cent in 2021-22, as compared to 6 per cent predicted earlier, regaining the position of the fastest-growing emerging economy.

On the other hand, the Fund expects the world economy to contract by 4.4 per cent in 2020. This projection was -5.2 per cent earlier.

Useful notes for all competitive exams:

  • IMF Headquarters: Washington, D.C. U.S.
  • IMF Managing Director and Chairman: Kristalina Georgieva.
  • IMF Chief Economist: Gita Gopinath.


Amazon Pay collaborate with Uber to push digital payments in India

An online payment processing service, Amazon Pay and a technology company that offers vehicles for hire, Uber, announced a partnership to push digital payments in India. This Partnership will integrate Amazon Pay as a payment option on the Uber app.

Useful notes for all competitive exams:

  • Uber Technologies Inc CEO: Dara Khosrowshahi.
  • Uber Technologies Inc Headquarters: California, United States.

Defence News

Indian Army and Maha govt organised an anti-terror exercise “Suraksha Kavach”

Indian Army and Maharashtra Police organised an anti-terror exercise “Suraksha Kavach” at Lullanagar, Pune, Maharashtra.

The aim of the exercise was to harmonize the drills and procedures of both Army and Police for activating anti-terrorist Quick Reaction Teams (QRTs) to counter any terrorist actions in Pune.

The exercise involved the participation of Quick Reaction Teams, Dog Squads and Bomb Disposal Teams of Army as well as Anti-Terrorism Squad (ATS) and Quick Reaction Team of Maharashtra Police.

Ranks and Reports

India Ranks 129 in CRI Index released by Oxfam

India has been ranked 129 among 158 countries in the 2020 Commitment to Reducing Inequality (CRI) Index.

The third edition of the index focuses on Fighting Inequality in the time of COVID-19.

The 2020 CRI index has been topped by Norway. South Sudan is the lowest ranking country in the index at 158th position.


Prince William launches “Earthshot Prize” to boost climate innovation

Britain’s Prince William and Naturalist David Attenborough have launched an “Earthshot Prize”, with an aim to encourage change and support to repair the planet.

The Earth shot Prize aims to “incentivize change and help to repair our planet over the next 10 years,” and “turn pessimism into optimism” by rewarding innovative solutions to environmental problems.

The first five Earthshots will be awarded for projects that focus on protecting and restoring nature and clean air, reviving oceans, fixing the climate and reducing waste.

Sports News

Los Angeles Lakers wins 17th NBA Championship

The Los Angeles Lakers defeated the Miami Heat to win the National Basketball Association (NBA) Championship 2020. This is the 17th NBA title win for LA Lakers and also there first since 2010, after late Kobe Bryant’s fifth and final title a decade ago.

LeBron James of the Lakers’ was named the NBA Finals Most Valuable Player (MVP) for the fourth time in his career. With this, he became the first player in league history to be named Finals MVP with three different franchises.

Useful notes for all competitive exams:

  • National Basketball Association (NBA) Championship Founded: 6 June 1946, New York, United States.


Nagaland’s Environment Minister C M Chang passes away

Nagaland’s environment minister, C M Chang passed away due to COVID-19. He was a retired IAS officer and former Member of Parliament, Lok Sabha (2009-13).

He was elected to the Nagaland Legislative Assembly from 51 Noksen constituencies under Tuensang district in 2013 and later retained the same seat in 2018 on Nationalist Democratic Progressive Party (NDPP) ticket.

Former Indian Football Captain Carlton Chapman passed away

Former Indian football captain, Carlton Chapman passed away. He was born on 13th April 1971 in Bengaluru, Karnataka. He announced his retirement from professional Football in 2001.

He was the captain of the Indian team when India won the South Asian Football Federation Gold Cup in 1997. He was a leading midfielder played for Indian from 1995 to 2001. He joined Quartz FC, Kozhikode as the technical director in 2017.

Bihar Minister Vinod Kumar Singh passes away

Minister for Backward and Extremely Backward Classes in Bihar, Vinod Kumar Singh passed away due to COVID-19.

He was a BJP MLA from Pranpur Assembly constituency of Katihar district in northeast Bihar and has been elected MLA thrice from the constituency.

Olympic 400 hurdles champion, Charlie Moore passes away

The 400-meter hurdles champion at the 1952 Helsinki Olympics, Charlie Moore passed away. He won the 400 hurdles in the rain in 1952 in 50.8 seconds to tie the Olympic record he set in the quarterfinals.

He also earned a silver medal in Helsinki on the United States’ 1,600-meter relay team. After the Olympics, he set a world record of 51.6 in the 440 hurdles at the British Empire Games in London.

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