GK Update 13th & 14th December 2020

1. PM Modi delivers inaugural address at FICCI’s 93rd Annual General Meeting

  • Prime Minister Narendra Modi has delivered the inaugural address at FICCI’s 93rd Annual General Meeting (AGM) and Annual Convention via video conferencing.
  • Federation of Indian Chambers of Commerce and Industry (FICCI) has organised the convention from December 11 to 14, 2020.
  • The theme for the FICCI 93rd AGM is ‘Inspired India’. The Prime Minister also inaugurated the virtual FICCI Annual Expo 2020. It was started from 11 December 2020 and will continue for a period of a whole year.

2. 5th India – Myanmar bilateral meeting on Drug Control Cooperation

  • The Narcotics Control Bureau (NCB), India and the Central Committee on Drug Abuse Control, Myanmar conducted the 5th edition of the India- Myanmar Bilateral Meeting on Drug Control Cooperation.
  • The Indian delegation was led by the Director-General Narcotics Control Bureau, Shri Rakesh Asthana. The Myanmar delegation was led by Pol. Brig. Gen. Win Naing. the Commander of the Drug Enforcement Division (DED) cum Joint Secretary of the Central Committee for Drug Abuse Control.
  • Both countries agreed on the exchange of intelligence information in a timely manner to conduct follow-up investigations in drug seizure cases, new psychotropic substances and their precursors.

3. BSE launches e-agricultural spot market platform ‘BEAM’

  • Bombay Stock Exchange (BSE) Ltd. has launched an electronic spot platform, “BSE E-Agricultural Markets Ltd (BEAM)”, for agricultural commodities through its subsidiary BSE Investments Ltd.
  • The platform aims to boost the competitiveness of the Indian agricultural market by enhancing the strength of the BSE in financial markets, market technology and its vibrant ecosystem.

Important takeaways for all competitive exams:

  • BSE is Asia’s first & world’s fastest Stock Exchange with a speed of 6 microseconds. It is one of India’s leading exchange groups
  • BSE Established: 1875.
  • BSE Headquarters: Mumbai, Maharashtra.
  • MD and CEO of BSE: Ashish Kumar Chauhan.

4. RBI to set up Automated Banknote Processing Centre in Jaipur

  • The Reserve Bank of India (RBI) has decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur for the receipt, storage and dispatch of currency notes.
  • The functions of the ABPC will also include processing of banknotes received from currency chests (CCs) and bank branches and destruction of soiled banknotes in an automated manner.
  • The volume of banknotes in circulation has increased three-fold from March 2001 to March 2019 and is expected to rise further in the years to come.

Important takeaways for all competitive exams:

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

5. India and Austria ink MoU on Technology Cooperation

  • The Ministry of Road Transport and Highways (MoRTH) signed a Memorandum of Understanding (MoU) with the Federal Ministry of Climate Action, Environment, Energy, Mobility, Innovation and Technology of the Republic of Austria on Technology Cooperation in the Road Infrastructure Sector.
  • The MoU will further strengthen ties, promote long-standing bilateral relations and enhance trade and regional integration between the two countries.

Important takeaways for all competitive exams:

  • Austria Capital: Vienna.
  • Austria Currency: Euro.
  • Austria President: Alexander Van der Bellen.

6. India and Uzbekistan inks 9 Agreements to strengthen strategic partnership

  • Indian Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev co-chaired the virtual Summit held between the two countries, to strengthen strategic partnership among them.
  • The Government of India also approved a US $448 million Line of Credit for four developmental projects in Uzbekistan in the fields of road construction, sewerage treatment and information technology.

Important takeaways for all competitive exams:

  • Capital of Uzbekistan: Tashkent; Currency: Uzbekistani Som.

7. Ashraf Patel wins Social Entrepreneur of the Year Award – India 2020

  • Ashraf Patel, the founder member and Board member of Pravah and ComMutiny – The Youth Collective (CYC) has been declared as the winner of the Social Entrepreneur of the Year (SEOY) Award – India 2020.
  • The award was presented by the Union Minister of Women & Child Development & Textiles, Smriti Zubin Irani.
  • The SEOY award “recognizes entrepreneurs who implement innovative, sustainable and scalable solutions to solve India’s social problems. It is the 11th edition of the annual award, instituted by the Schwab Foundation and Jubilant Bhartia Foundation in 2010.

8. UNESCO launches Bangabandhu award on the creative economy

  • UNESCO has launched an international award named after Bangabandhu Sheikh Mujibur Rahman following Bangladesh’s proposal.
  • The UN agency’s executive board unanimously adopted the proposal on UNESCO-Bangladesh Bangabandhu Sheikh Mujibur Rahman International Prize for the “Creative Economy” in its 210th session. This is the first time a UN agency launched an award named after Bangabandhu.

9. Max Verstappen wins 2020 Abu Dhabi Grand Prix

  • Max Verstappen (Red Bull – Netherlands) won the season-ending Abu Dhabi Grand Prix 2020, held in Abu Dhabi, United Arab Emirates.
  • This was his second victory of the season and 10th victory of his career. The race was the 17th and final round of the 2020 Formula One World Championship.
  • Valtteri Bottas (Mercedes-Finland) stood second, followed by world champion Lewis Hamilton (Mercedes-Great Britain) at third place.

10. Indian Tennis player Ankita Raina wins ITF doubles title in Dubai

  • Indian Tennis player, Ankita Raina clinched her third doubles title of the season after she won the 2020 Al Habtoor Tennis Challenge jointly with her Georgian partner Ekaterine Gorgodze in Dubai.
  • The unseeded Indo-Georgian pair defeated the pair of Spain’s Aliona Bolsova Zadoinov and Slovakian Kaja Juvan by 6-4 3-6 10-6 to win the final of the USD 1,00,000 event.
  • Al Habtoor Tennis Challenge is a professional female tennis tournament and part of the ITF Women’s World Tennis Tour, held annually in Dubai, United Arab Emirates, since 1998.

11. ISRO to launch communication satellite CMS-01

  • Indian Space Research Organisation (ISRO) will launch a communication satellite CMS-01, formerly named GSAT-12R, on December 17, using its Polar Satellite Launch Vehicle (PSLV) rocket’s XL variant numbered as PSLV-C50.
  • The CMS-01 will be a replacement for GSAT-12 that weighed 1,410 kg and was launched on July 11, 2011, with a mission life of eight years.
  • CMS-01 is a communication satellite envisaged for providing services in Extended-C Band of the frequency spectrum, which will include the Indian mainland, Andaman and Nicobar and Lakshadweep Islands.
  • The 42nd communication satellite of India, it will have a mission life of seven years.

Important takeaways for all competitive exams:

  • ISRO Chairman: K.Sivan.
  • ISRO Headquarters: Bengaluru, Karnataka.

12. National Energy Conservation Day: 14 December

  • The National Energy Conservation Day is celebrated every year on 14 December by Bureau of Energy Efficiency (BEE), under Ministry of Power.
  • The day is celebrated to raise awareness among the general public about the importance of energy conversation and energy efficiency, as well as holistic development for overall effort towards climate change mitigation.
  • Bureau of Energy Efficiency is a constitutional body that comes under the Government of India and helps in the development of policies and strategies in order to reduce energy use.
  • The Energy Conservation Act in India was executed by the Bureau of Energy Efficiency (BEE) in the year 2001. 

Important takeaways for all competitive exams:

  • Minister of State (Independent Charge) of the Ministry of Power: Raj Kumar Singh.

13. 1st man to fly faster than the speed of sound Chuck Yeager passes away

  • US Air Force officer and test pilot Chuck Yeager, who in 1947 became the first pilot in history to have exceeded the speed of sound in level flight, has passed away.
  • As a test pilot, on October 14, 1947, Yeager became the first human to officially break the sound barrier, when he flew the experimental Bell X-1 aircraft at Mach 1 (speed of sound) at an altitude of 45,000 ft (13,700 m). Level flight means flying at a constant altitude, not going up and down.

14. Renowned Sanskrit Scholar Vidyavachaspati Govindacharya passes away

  • Renowned Sanskrit scholar, Vidyavachaspati Bannanje Govindacharya has passed away.
  • He was well versed in Veda Bhashya, Upanishad Bhashya, Mahabharata, Ramayana and Puranas and had written commentaries on Veda Suktas, Upanishads, Shata Rudriya, Brahma Sutra Bhashya, and Gita Bhashya.

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