GK Update 9th December 2020

1. RBI cancels licence of Maharashtra-based Karad Janata Sahakari Bank

  • The Reserve Bank of India has cancelled the licence of Karad Janata Sahakari Bank Ltd in Maharashtra, as it does not have adequate capital and earning prospects.
  • As such, it does not comply with the provisions of the Banking Regulation Act, 1949.
  • More than 99 per cent of the depositors of the bank will get full payment of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).
  • With the cancellation of licence and beginning of liquidation proceedings, the process of paying the depositors of Karad Janata Sahakari Bank will be set in motion. On liquidation, every depositor is entitled to repayment of their deposits up to ₹ 5 lakh only from the DICGC.
  • After cancellation of licence from the close of a business hour on December 7, the bank cannot work anymore, which includes taking deposits and repaying deposits.

2. ADB approves Rs 2.5 mn in technical assistance for biofuel development in India

  • The Manila-based multilateral lending agency Asian Development Bank (ADB) has approved a USD 2.5 million (about Rs 18 crore) technical assistance to support advanced biofuel development in India.
  • The grant will be funded from the Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.
  • The technical assistance (TA) will support the development of advanced bioethanol, bio-compressed natural gas, and biodiesel plants to demonstrate the best practices for suitable feedstock, efficient conversion technology, and sustainable biofuel value chain.

Important takeaways for all competitive exams:

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

3. NTPC inks MoU with IIFM-Bhopal for Narmada Landscape Restoration Project

  • National Thermal Power Corporation Limited (NTPC), a PSU under Ministry of Power, has signed a Memorandum of Understanding (MoU) with Indian Institute of Forest Management (IIFM), Bhopal, for the implementation of Narmada Landscape Restoration Project (NLRP).
  • IIFM Bhopal is an Autonomous Institute under the Ministry of Environment, Forest and Climate Change (MoEF&CC).
  • The NLRP Project involves a grant in aid from NTPC Ltd and United States Agency for International Development (USAID) in equal proportions.
  • IIFM-Bhopal will be jointly implementing this project with the Global Green Growth Institute (GGGI) [Headquarter-Seoul, South Korea], an intergovernmental organization that promotes sustainable and inclusive economic growth in emerging economies.
  • IIFM Bhopal will participate in the project with the grant-in-aid from NTPC, Ltd and GGGI will participate with funding support from USAID.

Important takeaways for all competitive exams:

  • NTPC Founded: 1975.
  • NTPC Headquarters: New Delhi, India.
  • Director of IIFM: Pankaj Srivastava.

4. PwC, UNICEF and YuWaah partner to redefine education

  • Consulting firm PwC India has collaborated with the United Nations Children’s Fund (UNICEF) and YuWaah (Generation Unlimited in India) to upskill 300 million young Indians over the next 10 years.
  • This collaboration is part of PwC’s global multi-sector partnership with UNICEF and Generation Unlimited to upskill and provide about 1.8 billion youngsters with socio-economic opportunities from school to work by 2030.
  • This partnership will focus on three facets to India’s digital empowerment for youngsters, which are education, skilling and entrepreneurship.
  • According to the International Labour Organization (ILO), India is staring at a 29 million skill deficit by 2030.

Important takeaways for all competitive exams:

  • International Labour Organization Headquarters: Geneva, Switzerland.
  • International Labour Organization Founder: Paris Peace Conference.
  • International Labour Organization Founded: 1919.
  • International Labour Organization Director-General: Guy Ryder.

5. Anil Soni appointed first CEO of The WHO Foundation

  • US-based Indian-origin health expert, Anil Soni has been appointed as the first Chief Executive Officer (CEO) of the newly-created “The World Health Organization (WHO) Foundation”.
  • Before this, he was working with Viatris, a global healthcare company in the US, where he served as Head of Global Infectious Diseases. He will assume his role as CEO with effect from 1st January 2021.
  • The WHO Foundation was launched in May 2020 as an independent grant-making agency, based in Geneva, Switzerland, to work alongside the WHO and the global health community to address the most pressing global health challenges.

Important takeaways for all competitive exams:

  • Headquarters of WHO: Geneva, Switzerland.
  • Director-general of WHO: Tedros Adhanom.

6. India Ranks 10th in the Climate Change Performance Index 2021

  • India is ranked at 10th place in the ‘Climate Change Performance Index (CCPI) 2021’, released on 7th December 2020.
  • The overall score of India is 63.98. It is for the second time in a row that India emerged among the top 10 countries with higher climate performance from among 58 economies. India was at 9th spot last year in the index.
  • Like CCPI 2020, the first three places in 2021 ranking also remains unoccupied, since none of the countries is on the path compatible with the Paris climate targets, to implement strategies to limit global warming below 2 or even 1.5°C.
  • Sweden (4th) United Kingdom (5th), Denmark (6th), Morocco (7th), Norway (8th), Chile (9th) were among the top 10 rankers in the index.
  • It was also noted that, from the G20 countries, only the EU as a whole, along with the UK and India, ranked among high performers.

Summits and Conferences News

7. PM Modi Inaugurates virtual India Mobile Congress 2020

  • Prime Minister Narendra Modi has inaugurated and addressed the virtual edition of the India Mobile Congress (IMC) 2020 on 8th December 2020 through video conference.
  • The objective of IMC 2020 is to align with the Prime Minister’s vision to promote ‘Aatmanirbhar Bharat’, ‘Digital Inclusivity’, and ‘Sustainable development, entrepreneurship & innovation’ and drive foreign and local investments, encourage R&D in the telecom and emerging technology sectors.
  • The theme for IMC 2020 is “Inclusive Innovation – Smart, Secure, Sustainable”. The three-day event will be held from 8th to 10th December 2020. IMC 2020 has been organised by the Department of Telecommunications, Government of India, and the Cellular Operators Association of India (COAI).

8. Invest India wins United Nations Investment Promotion Award 2020

  • The Geneva-based United Nations Conference on Trade and Development (UNCTAD) has awarded the 2020 United Nations Investment Promotion Award to Invest India, the National Investment Promotion Agency of India.
  • The Invest India was declared the winner from among the 180 global Investment Promotion Agencies (IPAs).
  • The response of IPAs to the COVID-19 pandemic was the basis for the evaluation of the 2020 United Nations Investment Promotion Award. The annual award recognizes and celebrates the outstanding achievements and best practices of Investment Promotion Agencies (IPAs) across the globe.

Important takeaways for all competitive exams:

  • Invest India is a non-profit venture under the Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
  • Invest India MD & CEO: Deepak Bagla.
  • Invest India Established: 2009.
  • Invest India Headquarter: New Delhi.

9. Kiren Rijiju launches 2nd edition of Fit India Cyclothon

  • Sports Minister Kiren Rijiju has launched the second edition of Fit India Cyclothon through a virtual platform.
  • The mega cycling event will run for 25 days, beginning from 7th December till 31st December 2020.
  • The event has been organised across the country in each district. The citizens can participate by registering on Fit India website.
  • The participants can cycle daily for a distance of their choice, and share their images and videos on social media.
  • They may also tag @FitIndiaOff and use the hashtag – FitIndiaCyclothon and #NewIndiaFitIndia.

Important takeaways for all competitive exams:

  • Sports Authority of India Founder: Ministry of Youth Affairs and Sports.
  • Sports Authority of India Founded: 1982.
  • Sports Authority of India Headquarters: Delhi.
  • Director-General of Sports Authority of India: Sandip Pradhan

10. Yulimar Rojas and Mondo Duplantis crowned 2020 World Athletes of the Year

  • Swedish pole vaulter Mondo Duplantis and Venezuelan triple jumper Yulimar Rojas are the 2020 Male and Female World Athletes of the Year.
  • They are their countries’ first recipients of the prestigious athletics award announced during the virtual awards.
  • At the age of 20, Duplantis is the youngest ever winner of the Male Athlete of the Year Award after twice breaking the absolute world record (6.17m and 6.18m) in February before producing the highest outdoor vault in history (6.15m) in September.
  • Rojas who broke the world indoor triple jump record with a leap of 15.43m, finished the shortened 2020 season undefeated in four triple jump competitions indoors and outdoors.

11. Parthiv Patel announces retirement from all forms of cricket

  • India’s wicketkeeper-batsman Parthiv Patel has announced his retirement from all forms of cricket. The 35-year-old left-hander, who made his international debut in 2002, played 25 Tests, 38 ODIS and two T20Is for India.
  • He last wore Indian jersey in 2018 during a Test match against South Africa in Johannesburg.
  • While the Gujarat cricketer represented his state in 194 first-class matches. He played 204 T20 matches for his state and various IPL franchises and scored 4,300 runs at a strike rate of 123.84, with the help of 23 half-centuries.

12. International Anti-Corruption Day: 09 December

  • International Anti-Corruption Day is observed annually on 9 December to raise public awareness for anti-corruption.
  • The day is observed since the passage of the United Nations Convention Against Corruption on 31 October 2003.
  • The theme of International Anti-Corruption Day 2020: ‘RECOVER with INTEGRITY.’
  • The theme focuses on recovery through corruption mitigation and emphasizes that inclusive COVID-19 recovery can only be achieved with integrity.

13. International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime

  • The International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Prevention of this Crime is observed annually on December 9.
  • The 9th of December is the anniversary of the adoption of the 1948 Convention on the Prevention and Punishment of the Crime of Genocide (the “Genocide Convention”). This year marks the 71st anniversary of the Convention.
  • The purpose of the day is to raise awareness of the Genocide Convention and its role in combating and preventing the crime of genocide, as defined in the Convention, and to commemorate and honour its victims.

14. Gwalior, Orchha in UNESCO world heritage cities list

  • The historical fort cities of Gwalior and Orchha in Madhya Pradesh have been included in the list of UNESCO’s world heritage cities under its The World Heritage Cities Programme.
  • Under the plan, UNESCO will suggest best measures and resources for the development and beautification of these places as per the UNESCO Historic Urban Landscape recommendations.
  • With this Inclusion, the total number of UNESCO World Heritage Cities of India will increase to 40.

Important takeaways for all competitive exams:

  • UNESCO World Heritage Centre Director: Mechtild Rossler.
  • UNESCO World Heritage Centre Headquarter: Paris, France.

15. Mt Everest declared 86 cm taller by Nepal and China

  • The world’s highest mountain peak ‘Mount Everest’ has become taller by 86 cm, as per a survey conducted jointly by Nepal and China.
  • The Government of Nepal and China jointly conducted an exercise to measure the world’s highest peak.
  • The new height of Mt Everest has been calculated at 8,848.86 metres, which is 0.86m more than the previous measurement done by India in 1954. In feet, the new elevation is about 29,031 ft, or about 3 ft higher than Nepal’s previous claim.
  • In Tibetan language, Mount Everest is known as Mount Qomolangma while in Nepalese language it is famous as Sagar-Matha.

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