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ADB authorizes $190 million loan to upgrade power distribution in Bengaluru

December 6, 2020
Asian Development Bank (ADB)
  • The Manila-based Asian Development Bank (ADB) has sanctioned a loan of $190 million (approx Rs 1,400 crore) to modernize and upgrade the power distribution system in Bengaluru, Karnataka.
  • The financial-assistance by ADB will be used for the Bengaluru Smart Energy Efficient Power Distribution Project.

Father of Fibre Optics Narinder Singh Kapany passes away

December 6, 2020
Narinder Singh Kapany
  • Narinder Singh Kapany, also identified as the father of fibre optics, passed away.
  • The India-born American physicist was identified as one of the seven “Unsung Heroes” by Fortune in their ‘Businessmen of the Century’ issue of November 1999.

Veteran Bengali actor Manu Mukherjee passes away

December 6, 2020
Manu Mukherjee
  • Veteran Bengali actor Manu Mukherjee passed away. He began his film career with Mrinal Sen’s Nil Akasher Niche (1958).
  • The actor is best learned for his roles in Satyajit Ray’s Joy Baba Felunath and Ganashatru. He had also been part of the children’s fantasy film Patalghar’.

China becomes the second nation to plant flag on the Moon

December 7, 2020
China
  • China has become the second country in the world to plant its national flag on the moon’s surface.
  • Earlier this feat was done only by the USA when it planted its flag on the Moon during the Apollo mission in 1969.

Pixxel to release remote-sensing satellite on ISRO rocket

December 7, 2020
ISRO
  • The Bengaluru-based space-technology start-up “Pixxel”, has inked an agreement with the Indian Space Research Organisation (ISRO) to launch its first remote-sensing satellite on Isro’s workhorse Polar Satellite Launch Vehicle (PSLV) rocket in early 2021.

International Civil Aviation Day: 07 December

December 7, 2020
International Civil Aviation Day
  • The International Civil Aviation Day is commemorated annually on December 7 to remember the importance of aviation to the social and economic development of the world.
  • The Council has determined that from now until 2023, the theme will be: “Advancing Innovation for Global Aviation Development”.

Armed Forces Flag Day: 7 December

December 7, 2020
Armed Forces Flag Day
  • In India, the Armed Forces Flag Day (also known as the Flag Day of India) is commemorated every year on December 7 since 1949 as an honour to the soldiers, sailors and airmen of India who fought on the borders to keep the country safe.

Veteran Marathi actor Ravi Patwardhan passes away

December 7, 2020
Ravi Patwardhan
  • Ravi Patwardhan, a popular person in the Marathi entertainment industry, has passed away. The veteran actor became a household name for his role in the Marathi TV series Agabai Sasubai.

PM Modi virtually unveils Construction work of Agra Metro project

December 8, 2020
Agra Metro project
  • Prime Minister Narendra Modi has introduced the construction work of the Agra Metro project in Agra, Uttar Pradesh.
  • The Agra Metro project contains 2 corridors with a total length of 29.4 km. It would connect major tourist attractions like Taj Mahal, Agra Fort, Sikandra with railway stations and bus stands. 

ICICI Bank releases iMobile Pay to offer Payments

December 8, 2020
icici bank
  • The private lender ICICI Bank has started a new version of its mobile payment app called iMobile Pay, to offer payment and banking services to customers of any bank.
  • The latest version of the app is interoperable and will now support payments and other banking services to even those customers who do not hold an ICICI Bank account.

Centre starts QRMP scheme for GST payers

December 8, 2020
GST collection
  • The Central Government has started the ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under the GST system.
  • Taxpayers with an aggregate yearly turnover of up to Rs 5 crore in the preceding financial year and have filed their October GSTR-3B (sales) return by November 30, 2020, are eligible for this scheme.
  • The notifications for the same were issued by the Central Board of Indirect Taxes and Customs (CBIC).

Kotak AMC starts REIT Fund of Funds scheme

December 8, 2020
Kotak Mutual Fund
  • Kotak Mahindra Asset Management Company (Kotak Mutual Fund), has started Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund. REIT stands for Real Estate Investment Trust.
  • Kotak International REIT Fund of Funds is an open-ended mutual fund scheme that will invest in units of SMAM Asia REIT Sub Trust Fund.

ICAR obtains 2020 King Bhumibol World Soil Day Award

December 8, 2020
ICAR
  • The Indian Council of Agricultural Research (ICAR), has obtained the prestigious International King Bhumibol World Soil Day Award for 2020.
  • The award was presented yearly by the Food and Agriculture Organization (FAO).

Raj Kamal Jha gets Rabindranath Tagore Literary Prize

December 8, 2020
Raj Kamal Jha
  • Journalist-author, Raj Kamal Jha has got the 3rd Rabindranath Tagore Literary Prize for his novel, “The City and The Sea”.
  • Due to the COVID-19 pandemic, the winner of the $5,000 prize was declared online in Copenhagen, Denmark.

Jehan Daruvala becomes first Indian to win F2 race

December 8, 2020
Jehan Daruvala
  • Jehan Daruvala created history, as he became the first Indian to win a Formula 2 race at the 2020 Sakhir Grand Prix, Bahrain.
  • This was the final race of the F2 season. The Formula 2 Championship is a second-tier single-seater racing championship.

Sri Lanka to host Asia Cup in 2021

December 8, 2020
Asia Cup in 2021
  • Sri Lanka will host the Asia Cup in June 2021 while Pakistan has gained the rights to host the tournament in 2022.
  • As per the original schedule, the tournament was supposed to be hosted by Pakistan in 2020, however, it got delayed due to the COVID-19 pandemic.

Sergio Perez wins Sakhir Grand Prix 2020

December 8, 2020
Sergio Perez
  • Sergio Perez (Mexico-Racing Point-BWT Mercedes), won the 2020 Sakhir Grand Prix at the Bahrain International Circuit in Sakhir, Bahrain.
  • Esteban Ocon (Renault-France) achieved the second position, followed by and Lance Stroll (Racing Point-BWT Mercedes-Canada) at third place.

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