Daily Current Affairs – Dec 31th, 2020

Table of Contents

BSE signs MoU with Bihar’s bullion trade & industry association Patliputra Sarafa Sangh to deepen its network in bullion trade

MoU will strengthen commodity derived markets,enable them to face competition & manage price risks better, design together new products on ‘Precious Metals’ commodities contract & deepen understanding of commodity market amongst stakeholders.

Did you Know

BSE began in 1875,is Asia’s first & world’s fastest Exchange.

Central Bank of India in pact with SIDBI for using its Asset Restructuring Module for the bank MSME customers

The module is a DIY web portal to help MSMEs prepare their own restructuring proposals under restructuring scheme by RBI. MSMEs key in only the most essential data of their past financials, future projections & restructuring requirements for proposal.

Did you Know

HQ- Lucknow;
Founded – 1990.

Maharashtra DGP Subodh Kumar Jaiswal appointed CISF DG;Hemant Nagrale to be Maharashtra’s new DGP

The Appointment’s Committee of the Union Cabinet approved the proposal of the Ministry of Home Affairs (MHA). Jaiswal is an IPS officer of 1985 batch.The new Maharashtra DGP was appointed as per SC rulings in Prakash Singh case.

Did you Know

Appointments Committee chairman is PM.

Shri V.K. Yadav chairman of railway board conferred with Eminent Engineer Award for the Year 2020

It was conferred by the Institution of Engineering and Technology for his outstanding contribution towards modernization and reforms over Indian Railways. IET is a multidisciplinary professional engineering institution established in 1871.

Did you Know

IET has 168,000 members in 150 countries.

YES Bank appoints Niranjan Banodkar as new CFO, Adlakha to be new HR head

Both the appointments will be effective January 1,2021. Banodkar will replace Adlakha as group CFO & Adlakha replaces Deodutta Kurane as Chief Human Resources Officer.

Did you Know

Yes Bank:
HQ – Mumbai;
MD&CEO – Prashant Kumar.

Finance Ministry allows Odisha to borrow Rs 1,429 crore more through Open Market Borrowings, post ease of doing business reforms

Odisha has now joined 6 other states (Andhra Pradesh, Karnataka, MP, TN, Telangana & Rajasthan) which have completed the reforms that include completion of first assessment of ‘District Level Business Reform Action Plan’.

Did you Know

7 states granted permission of Rs 20,888 crore.

Cabinet approval : Project worth Rs 3,004 crore for deepening, optimisation of inner harbour facilities at Paradip Port

Development of the new Western Dock on build, operate and transfer (BOT) basis under PPP mode to handle cape size vessels, capital dredging by the selected concessionaire & providing Common Supporting Project Infrastructure is to be done.

Did you Know

Commissioned – 1966;
Location – Odisha.

Cabinet approval: Industrial Corridor nodes at Krishnapatnam & Tumakuru under Chennai Bengaluru Industrial Corridor.

Construction of Krishnapatnam Industrial Area( Rs. 2,139.44 crore) & Tumakuru Industrial Area in( Rs. 1,701.81 crore) approved. It is to facilitate investments in these cities by providing resilient infrastructure. 1.8 lakh employment generation estimated.

Did you Know

NICDIT implements industrial corridor projects.

Cabinet Approval : Export of Akash Missile System and a Committee for faster Approval of Exports

To achieve target of $5 bn in aerospace & defence goods and services by 2025, exporting high value defence platforms like Akash is needed.The committee created comprises of Defence Minister, the External Affairs Minister & the National Security Advisor .

Did you Know

Akash inducted in 2014 in Air Force & in 2015 in Indian Army

Cabinet approval : Interest subvention of Rs 4,573 for ethanol distilleries

Scheme will include grain-based distilleries besides molasses-based distilleries for production of ethanol & boost ethanol distillation capacity to 1000 crore litres(currently has 684 crore litre) for achieving 20% ethanol blending with petrol by 2030.

Did you Know

Minister for Petroleum & Natural Gas – Dharmendra Pradhan

Indian Railway Completes 180 Kmph Speed Trial Of new Vistadome Tourist Coaches,adding muscles to Atma Nirbhar Bharat Mission

New coaches made by ICF completed 180 kmph oscillation trials. Squeeze tests were already completed.With larger viewing area including roof top glasses with 44 seats for passengers the aim is to provide world class modern travelling experience.

Did you Know

13 Vistadome coaches are currently operational in select routes.

Indian Army Acquires Made-In-India Bridging System To Ensure Speedy Mobility During Key Operations

3 sets of 10-metre short span bridges were inducted in Indian Army. The system will help the forces in difficult terrain which can then be used by vehicles and personnel to cross over. Built by DRDO, they are compatible with 15m SARVATRA bridging system.

Did you Know

Army is now capable to bridge gaps between 5 m & 75m

UNDP and Pimpri-Chinchwad Municipal Corporation (PCMC),Pune join hands for ‘first social impact bond(SIB)’

The bond lays down outcome-based targets to be achieved at the start .PCMC will bear the cost of a public welfare project if the pre-defined targets are fulfilled.This SIB will support the PCMC in improving healthcare services for local residents.

Did you Know

1st time a govt body will act as ‘outcome funder’ in a bond.

ISRO chairman K Sivan gets one-year extension as secretary of Department of Space

The appointments committee of the Union cabinet approved extension of one year up to January 14, 2022, to K Sivan.He will now continue as ISRO chairman and Secretary, Department of Space. He took charge as Chairman in January 2018 from AK Kiran Kumar.

Did you Know

Established – 15 August 1969;
HQ – Bengaluru.

BSSUK, a cooperative sugar mill & NKJ Biofuel tie up to set up ethanol plant in Kabirdham,Chhattisgarh.

It is the country’s first such PPP plant. NKJ Biofuel Ltd will carry out ethanol production using sugarcane juice and molasses, a byproduct of sugar mill, for a period of 30 years. Rs 100 crore will be invested;Capacity- 40 kilolitre per day.

Did you Know

Chhattisgarh Chief Minister Bhupesh Baghel.

Common Services Centers SPV partners with IIT Delhi to set up innovation lab ‘DIVINE’ in rural area

The design and innovation lab which will conduct reasearch on new products & services for village level entrepreneurs (VLE). Infrastructure & expertise available at IIT-Delhi will help solve rural problems with the wide network of VLEs across the country.

Did you Know

Lab:Design & Innovation in VLE’s Indigenous Network Ecosystem

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