08 Dec 2020 - Daily Current Affairs - Invest India wins 2020 United Nations Investment Promotion Award

08 Dec 2020 - Daily Current Affairs Invest India wins 2020 United Nations Investment Promotion Award


08 Dec 2020 - Daily Current Affairs

1. Invest India wins 2020 United Nations Investment Promotion Award

  • UN Conference on Trade and Development (UNCTAD) has declared ‘Invest India’ as winner of the 2020 United Nations Investment Promotion Award, among 180 agencies around the world
  • Invest India’s initiative like Business Immunity Platform, Investment Forum webinar series, social media engagement, and COVID response teams were the reason for its victory
  • This award recognizes and celebrates the achievements and World’s best practices of Investment Promotion Agencies (IPAs)
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2. RBI tightens oversight of NBFCs and UCBs

  • RBI has announced the introduction of risk-based internal audit norms for large urban cooperative banks (UCBs) and non-banking financial companies (NBFCs)
  • It is introduced as a part of measures to improve governance
  • Along with this, the appointment of statutory auditors for commercial banks, UCBs, and NBFCs guidelines will also be harmonized to improve financial reporting.
  • RBI has also proposed to issue Digital Payment Security Controls directions for regulated entities.
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3. PM Modi virtually inaugurates Agra Metro project construction work

  • PM Narendra Modi has inaugurated construction work of the Agra Metro project in Agra, Uttar Pradesh through video conferencing
  • About the project:
    • It comprises 2 corridors with a total length of 29.4 km.
    • It will connect major tourist attractions like Taj Mahal, Agra Fort, Sikandra with railway stations and bus stands.
    • Cost: Rs 8,379.62 crore.
    • Time: 5 years.
    • Uttar Pradesh Metro Rail Corporation (UPMRC) has set the target to complete its first phase by December 2022.
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4. ICAR wins FAO’s 2020 King Bhumibol World Soil Day Award

  • Indian Council of Agricultural Research (ICAR) has won the prestigious International King Bhumibol World Soil Day Award for 2020 on World Soil Day
  • ICAR has been conferred for its commitment to raise awareness about healthy soil addressing soil erosion under the motto ‘Stop soil erosion, save our future’, taken in 2019
  • Award was launched in 2018 to acknowledge individuals or institutions for public awareness of soils. Award is presented by the Food and Agriculture Organization (FAO)
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5. Centre Launches QRMP scheme for GST payers with turnover up to Rs 5 crore

  • Centre has rolled out ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under the GST system.
  • Eligibility: Taxpayers with Rs 5 crore annual turnover in the preceding financial year and who have filed their October GSTR-3B (sales) return by Nov 30, 2020.
  • Under the scheme, the eligible taxpayer will be allowed to furnish their GSTR-1 and GSTR-3B returns every quarter (January-March quarter of 2020-21)
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6. Veteran Hindi writer Madhukar Gangadhar passes away in Delhi

  • Veteran Hindi writer Madhukar Gangadhar (88 years) passed away in a hospital in Delhi.
  • He studied at Purnia Inter College and Patna University and had worked at Patna Akashwani
  • He also served as the director of AIR Allahabad and Deputy Director General (DDG), AIR at New Delhi.
  • He served All India Radio (AIR) for 39 years and then became an independent writer based in Delhi.
  • Famous works: 'Motiyo Wale Hath', 'Hina Ki Aankhen'
  • Native: Bihar's Purnia district
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7. PM Modi addresses the inaugural session of virtual IMC 2020

  • PM Narendra Modi addressed the virtual India Mobile Congress (IMC) 2020
  • It is being organized by the Dept of Telecommunications and Cellular Operators Association of India.
  • It will be held from 8th to 10th December.
  • The theme for IMC 2020: ‘Inclusive Innovation - Smart, Secure, Sustainable’.
  • Aim: Promote Aatmanirbhar Bharat, Digital Inclusivity, entrepreneurship, innovation, foreign and local investments, encourage Research and Development in telecom and technology sectors.
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8. Popular TV actress Divya Bhatnagar passes away in Mumbai

  • Popular Indian TV actress Divya Bhatnagar (34 years) passed away at a private hospital in Mumbai due to Covid 19 complications.
  • She was battling with COVID-19 since November 2020.
  • She acted in hit serials like Yeh Rishta Kya Kehlata and Udaan.
  • She was also part of the comedy show ‘Tera Yaar Hoon Main’.
  • Other shows: Sanskaar, Jeet Gayi Toh Piyaa Morre, Vish and Sanware Sabko Preeto.
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9. ICICI Bank launches iMobile Pay to offer Payments & Banking Services for al

  • ICICI Bank has launched a new version of its mobile payment app called iMobile Pay, to offer payment and banking services to customers of any bank.
  • Its latest version is interoperable and will now allow payments with other banking services to even those customers who do not hold an ICICI Bank account.
  • Using this, customers of other banks can link their bank account, generate UPI ID, etc
  • It also offers instant banking services such as savings account, investments, loans.
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10. Kotak Mutual Fund launches India’s First International REIT Fund Of Funds

  • Kotak Mahindra Asset Management Company (Kotak Mutual Fund) has rolled out Kotak International REIT Fund of Funds, India’s first diversified REIT (Real Estate Investment Trust) Mutual Fund.
  • New MF scheme: It is an open-ended mutual fund scheme that will have a diversified investment portfolio comprising listed REITs to invest in realty projects
  • Kotak International REIT Fund of Funds will invest in units of Japan-based SMAM Asia REIT Sub Trust Fund.
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11. Indian-origin Anil Soni appointed as CEO for WHO Foundation

  • Indian-origin global health expert Anil Soni has been appointed as Chief Executive Officer for the WHO Foundation.
  • He will assume his role as its inaugural CEO on January 1, 2021.
  • WHO D-G Tedros Adhanom Ghebreyesus described Anil Soni as a proven innovator in global health who has spent 2 decades in service of communities affected by HIV/AIDS and infectious diseases
  • In his new role, he will accelerate the Foundation's work to invest in initiatives that support WHO
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12. the UK becomes the first country to roll out Covid-19 vaccine

  • United Kingdom (UK) will become the first country today to roll out the Covid-19 vaccine.
  • The vaccine will be initially available at hospitals before distributing stocks to doctors' clinics.
  • The approved vaccine has been developed by Pfizer and BioNTech
  • National Health Service is giving top priority to vaccinating those above 80 years, frontline healthcare workers and care home staff and residents.
  • Britain has ordered 4 crore doses of COVID Vaccine
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13. Punjab National Bank launches ‘LenS’ Solution to speed up loan delivery

  • Punjab National Bank (PNB) has rolled out a loan management tech-solution titled ‘LenS-The Lending Solution’, to speed up online loan processing and sanctioning of credit proposals with accuracy.
  • Objective:
    • Standardize the system, process, and appraisal formats for loan processing
    • Speed up credit sanctions
    • Auto-generate loan documents, etc
    • It will be implemented in a phased manner for all kinds of loans including MSME, agriculture, retail, and other credits.
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