DAILY GK 29 AUG 2020

 DAILY GK  29 AUG 2020

1. PMJDY COMPLETED SIX YEARS

·        6th anniversary of Pradhan Mantri Jan Dhan Yojna (PMJDY) was observed which was launched on August 28, 2014.

·        On this occasion Nirmala Sitharaman reiterated the importance of this biggest financial inclusion initiative in the world.

·        It has been the foundation stone for the Indian government’s people-centric economic initiatives.

6 Pillars of scheme:

·        Universal access to banking services 

·        Basic savings bank accounts with overdraft facility of Rs. 10,000/- to every household

·        Financial Literacy Program– Promoting savings, use of ATMs, getting ready for credit, availing insurance and pensions, using basic mobile phones for banking

·        Creation of Credit Guarantee Fund – To provide banks some guarantee against defaults

·        Insurance – Accident cover up to Rs. 1,00,000 and life cover of   Rs. 30,000 on account opened between 15 Aug 2014 to 31 January 2015

·        Pension scheme for Unorganized sector

 

2. INDIAN RAILWAYS SET TO MEET ALL ITS ENERGY NEED

·        Indian Railways organised a discussion over a wide range of topics with the stakeholders, chaired by Piyush Vedprakash Goyal, Union Minister of Railways, to become 100% self-sustainable for all its energy needs and to contribute to the National Solar Mission of India.

·        Indian Railways is set to meet its energy consumption which will be over 33 billion units by 2030.

·        The discussion is aimed to achieve the ambitious plan of Indian Railways to achieve 100% Electrification of Railways by 2023.

·        The current annual energy requirements of Indian Railways are around 21 billion units.

·        Indian Railways has developed a mega plan to install solar power plants of capacity 20 Gigawatt(GW) by utilising vacant lands by 2030.

 

3. 41ST GST COUNCIL MEETING

·        41st meeting of goods and services tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, was held via video conferencing to discuss the issue of compensating states on account of revenue loss due to implementation of GST, and deficit in the compensation cess fund due to the fall in tax collections.

·        States can either borrow the full compensation deficit of Rs 2.35 lakh crore, which includes revenue loss due to transition to GST and also the Covid-led slowdown, from the markets, facilitated by the Centre and the RBI, or 

 

4. SHINZO ABE RESIGNED DUE TO HEALTH ISSUES

·        Shinzo Abe, Prime Minister of Japan announced his resignation owing to his worsening health condition due to ulcerative colitis. 65-year-old Shinzo Abe of Liberal Democratic Party(LDP) was the longest serving Prime Minister of Japan.

·        The elected new party leader will hold the post for the remaining 1-year term of Abe.

 

5. FIRST BOWLER TO SCALP 500 WICKETS IN T20I

·        West Indies All-Rounder Dwayne John Bravo became the first bowler in International Cricket to scalp 500 wickets in Twenty20 International (T20I).

·        He achieved the feat in the Carribean Premier League (CPL)2020 match between his team Trinbago Knight Riders and St Lucia Zouks. 

·        Bravo took the wicket of Rahkeem Cornwall (18) to register his 500th wicket.

 

6. UEFA CHAMPIONSHIP LEAGUE 2019-20

·        Bayern Munich (FC Bayern München), German football club won their 6th Championship in the Union of European Football Associations(UEFA) Champions League 2019-20.

·        Bayern Munich became the champions of Europe by defeating the first time finalists Paris Saint Germain(PSG) 1- 0 at the finals held in Estadio da Luz, Lisbon, Portugal.

·        32 teams participated in the UEFA Championship league 2019-2020, the 65th season of Europe Premier Club Football Tournament organised by UEFA.