Daily Current Affairs – Dec 24th, 2020

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National Consumer Rights Day 2020:On December 24

This day provides an opportunity for individuals to highlight the importance of the consumer movement and the need to make every consumer more aware of their rights and responsibilities.Consumer Protection Act came into force on 24 Dec,1986.

Did you Know

World Consumer Rights Day: March 15

Country’s largest power producer, NTPC wins prestigious CII-ITC Sustainability Awards 2020 in CSR.

This awards in Corporate Social Responsibility Domain. NTPC has been honoured in the Corporate Excellence Category, Commendation for Significant Achievement.This is the highest award conferred by CII-ITC in CSR domain and second-time NTPC got this award.

Did you Know

NTPC is the only PSU to receive in the Corporate Excellence.

‘CoWIN’: IT Ministry launches challenge for strengthening COVID-19 vaccine intelligence network

Ministry of Health and Family Welfare along with the Ministry of Electronics and Information Technology has announced COVID Vaccine Intelligence Network. Digitalised platform used to effectively roll out & scale up the mechanism for vaccine distribution.

Did you Know

IT minister Ravi Shankar Prasad announced the launch of CoWIN.

South Korea-based LG and automotive supplier Magna International Inc announced billion dollar joint venture in electric car gear

The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers.The deal expands a wave of consolidation among suppliers aiming to capture a growing market for electric vehicle

Did you Know

LG stands for Lucky GoldStar;
Established in 1958

Memorandum of Understanding between Indian Navy and CSIR-NIO

MOU deals with systematic and focused research in the field of ocean data collection, environmental impact assessment, and ocean modeling, has maintained the highest standards in this domain and this will help to expertise in the field of oceanography.

Did you Know

National Institute Of Oceanography;
HQ: Goa ;
Formed: 1966

Vice Admiral Rajat Datta appointed as next DG Armed Forces Medical Services

Surgeon Vice-Admiral Rajat Datta has been appointed as the new Director-General of Armed Forces Medical Services & would be the seniormost medical officer of the armed forces in India.He also holds the appointment of Cardiologist to the President of India.

Did you Know

He will replace incumbent Lieutenant General Anup Bannerjee.

Mahindra Logistics, signed an MoU with 1Bridge for last-mile delivery in rural India

The third-party logistics (3PL) solutions provider, Mahindra Logistics, signed an MoU with 1Bridge, to work together on last-mile delivery & distribution of products of products in rural India. This model will substantially facilitate rural employment.

Did you Know

1Bridge;one of India’s largest village commerce networks.

International Science Literature Festival – VIGYANIKA organized by to mark the birth anniversary of Srinivasa Ramanujan

Vigyanika-International Science Literature Festival on the opening day of IISF 2020 on the virtual platform to mark the birth anniversary of Srinivasa Ramanujan.CSIR-National Institute of Science Communication & Information Resources,Earth Science ministry

Did you Know

Vijnana Bharati (VIBHA) also joined with CSIR and MoES.

TRIFED exchanged a MoU with Shreem Swarnam Divine Products Private Limited (DIVINITI)

To create an upmarket niche brand of products to be named as “TRIFED-DIVINITI” a premium range from the existing range of tribal products. India outlet opens at Lokpriya Gopinath Bordoloi International airport Guwahati.

Did you Know

Union minister for tribal affairs Arjun Munda.

NMDC and MECL join hands to explore coal, diamonds among other minerals across India

NMDC Limited, India’s largest iron ore producing Navratna Company, has signed an MoU with Mineral Exploration Corporation Limited (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals

Did you Know

This will support GoI’s ‘AtmaNirbhar Bharat Abhiyan’ initiative

Wipro signs $700 million deal to take over IT services of German firm METRO AG

Bengaluru-headquartered IT services major Wipro has announced a strategic digital and IT partnership deal with METRO AG.With the intention to extend up to 4 additional years, it can be a potential spend of up to $1 billion.

Did you Know

METRO AG: food service distribution industry

PM releases postal stamp as part of Aligarh Muslim University’s centenary celebrations

First time PM Modi is participating in a programme of the AMU, being held via video conferencing.AMU became a University in 1920, through an Act of Indian Legislative Council by elevating the Mohammedan Anglo OrientalCollege to the status of a university.

Did you Know

Union Education Minister Ramesh Pokhriyal Nishank

YES SECURITIES appoints Prasanth Prabhakaran as Managing Director and Chief Executive Officer

YES SECURITIES, the wholly owned Investment Banking, Merchant Banking, Wealth Broking & Investment Advisory subsidiary of YES BANK, announced the elevation of Prasanth Prabhakaran as the MD & CEO. He has worked with India Infoline, Kotak Securities & HDFC.

Did you Know

YES Bank- CEO: Prashant Kumar; Founded: 2004

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