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Saturday, September 12, 2020

DAILY GK 12 SEPT. 2020

 

DAILY GK 12 SEPT. 2020

1. INDIA POST LAUNCHES FIVE STAR VILLAGES SCHEME

·          Postman and Postal Department are a vital part of the ordinary citizen’s life.

·          India post is doing exceptional work in the implementation of Government schemes .

·          Now, in order to ensure universal coverage of flagship postal schemes in rural areas, Union Minister of State for Communications, Sanjay Shamrao Dhotre has launched a scheme namely “Five Star Villages” along with Department of Post.

 

2. NEW FDI POLICY IN DEFENCE SECTOR

·          Union Cabinet led by Prime Minister Narendra Modi approved the new Foreign Direct Investment (FDI) policy in Defence Sector, thereby allowing FDI through automatic approval to be increased from 49% to 74%.

·          The new policy has a ‘National Security’ clause as a condition, wherein any Foreign Investment in Defence Sector shall be subject to scrutiny on grounds of National Security.

·          The FDI policy will also attract foreign manufacturers to set up manufacturing units in India.

 

3. ‘GOLDEN ARROWS’ SQUADRON OF INDIAN AIR FORCE 

·          The Five Rafale Aircrafts which arrived in India on July 29, 2020 were formally inducted into the Indian Air Force at a function held at Air Force Station, Ambala (Haryana).

·          They were inducted into the Indian Air Force’s 17 Squadron ‘Golden Arrows’.

·          The French delegation included Mr Emmanuel Lenain, Ambassador of France to India, Air General Eric Autellet, Vice Chief of the Air Staff of the French Air Force and other senior officials.

 

4. 13TH EDITION OF AERO INDIA-21

·          The 13th Edition of Aero India-21 will be held at Yelahanka Air Force Base, Bengaluru, Karnataka from February 3rd-7th, 2021.

·          The website will be a contactless online interface and will host all online services related to the event for both the exhibitors and visitors.

·          Aero India is a biennial air show and aviation exhibition held in Bengaluru.

·          It is organised by the Defence Exhibition Organisation under the Ministry of Defence.

·          It is Asia’s largest Aeroshow.

 

5. INDIA’S ‘LARGEST PIGGERY MISSION’

·          The state government of Meghalaya launched India’s Biggest Piggery Project with an outlay of Rs 209 Crores.

·          It is being launched under the aegis of Meghalaya Livestock Enterprises Advancement Society (MLEADS) and funded by the National Cooperative Development Corporation (NCDC). 

·          The main objective of the Piggery Mission is to reduce the annual import of Pork worth Rs 150 Crore and make Meghalaya self-sufficient (“Aatma Nirbhar”) in Pork production over the next 3 years.

·          Through the “Piggery Mission” farmers in the state will be provided Interest Free Loan.

·          The State Government will pay the interest, to encourage farmers to avail the loan.

 

6. SCO CULTURE MINISTERS Meeting 

·          Union Minister of State (MoS) Prahlad Singh Patel virtually participated in the 17th Shanghai Cooperation Organization (SCO) Culture Ministers meeting. 

·          National Museum of India is in the process of organizing the first SCO Exhibition on Shared Buddhist Heritage in 2020 to promote mutual bonding. 

·          It will be held online due to the pandemic. 

·          The year 2021 will mark the 20th Anniversary year of the founding of SCO.

·          India supported the proposal of declaring 2021 as the Year of Culture of SCO to celebrate the Anniversary. 

 

7. 2020 ECONOMIC FREEDOM INDEX

·          India took the 105th position in the 24th Edition of Economic Freedom of the World: 2020 Annual Report by Canada’s Fraser Institute, which has been released in India in conjunction with Center for Civil Society, New Delhi-based think tank.

·          The report is co-published by CATO Institute (America) with more than 70 think tanks around the world.

·          This is the 24th edition of Economic Freedom of the World.vThe report is based on 2018 data.

·          Hong Kong topped the Index with a score of 8.94, followed by Singapore (8.65) and New Zealand (8.53).

·          This year’s publication ranks 162 countries and territories for 2018.

·          The Report has been divided into 4 Quartiles based on the rankings.

 

8. SBI TO LAUNCH ‘SAFAL’

·          C.S. Setty, Managing Director (MD) of State Bank of India (SBI) informed that SBI will launch a loan product called SAFAL (Safe and Fast Agriculture Loan) during a Fintech conference organized by Federation of Indian Chambers of Commerce and Industry (FICCI).

·          SAFAL is primarily focused on organic cotton growers who do not have any credit history.

 

9. EXPERT PANEL TO ASSESS IMPACTS OF WAIVING LOAN MORATORIUM

·          The Ministry of Finance formed a three-member expert panel headed by Rajiv Mehrishi, former comptroller and Auditor General of India to assess the impacts of the waiver of interest on the moratorium loans offered to the COVID-19 affected borrowers which ended on 31st August 2020.

·          The committee will assess the impact of ‘waiving interest’ and ‘interest on interest’ on the COVID-19 related moratorium on the national economy and financial stability.

 

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