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Indigenously-built Coast Guard interceptor boat C-454 commissions

December 16, 2020
C-454
  • The interceptor boat C-454, built by Larsen and Toubro at its Hazira plant, will operate from Gujarat under the control of the Commander Coast Guard Region North-West of the Indian Coast Guard. It was approved by Surat Police Commissioner Ajay Tomar.

S&P revises India’s GDP contraction forecast in FY21 to 7.7%

December 16, 2020
GDP
  • S&P Global Ratings (earlier Standard & Poor’s) has boosted India’s GDP growth prediction for the FY21 (2020-21) to – 7.7 percent from – 9 percent predicted earlier.
  • The lower contraction rate is based on rising demand and falling COVID infection rates.

RBI again designates Uday Kotak as MD of Kotak Mahindra Bank

December 16, 2020
Uday Kotak
  • The Reserve Bank of India (RBI) has adopted the re-appointment of Uday Kotak as Managing Director of Kotak Mahindra Bank for a further period of three years, with effect from January 1, 2021.
  • Kotak is the founder managing director and promoter of the bank.

UNEP declares 2020 Champions of the Earth Award

December 16, 2020
United Nations Environment Programme
  • The United Nations Environment Programme (UNEP) has declared six laureates of the 2020 Champions of the Earth award, the UN’s highest environmental honor. The Champions were selected for their transformative impact on the environment and their leadership in urging bold and decisive action on behalf of the planet and its inhabitants.

Om Birla launches book on 19th anniversary of Parliament attack

December 16, 2020
Om Birla launches book on 19th anniversary of Parliament attack
  • Lok Sabha Speaker Om Birla has launched a book on the occasion of the 19th anniversary of the Parliament attack on 13 December.
  • He published the book ‘The Shaurya Unbound’ (English Version) and ‘Samundar Samawe Boond Mein’ (Hindi Version) was released on the 2001 incident.

Nation commemorates 49th Vijay Diwas on 16 December 2020

December 16, 2020
Vijay Diwas
  • In India, Vijay Diwas (also called Victory Day) is commemorated annually on December 16.
  • The country is observing the 49th Vijay Diwas in 2020.
  • Vijay Diwas is observed to celebrate the service, valour, and sacrifices of the gallant men of the Indian Armed Forces’ victory over Pakistan in the 1971 war.

Aerospace Scientist Shri Roddam Narasimha passes away

December 16, 2020
Roddam Narasimha
  • Famous aerospace scientist and Padma Vibhushan awardee, Roddam Narasimha has passed away. He had served at the esteemed Indian Institute of Science (IISc), where he taught Aerospace Engineering from 1962 to 1999.

PM Modi initiates the world’s largest renewable energy park in Gujarat

December 17, 2020
PM Modi
  • Prime Minister Narendra Modi inaugurated 30,000 megawatts (MW) capacity hybrid renewable energy park in the Kutch district of Gujarat.
  • It will be the largest renewable energy park of its kind in the world. It is expected to play a major role in fulfilling India’s vision of producing 450 GW (4,50,000 MW) of power by 2030.

GoI signs $1-bn loan pact with NDB to support Indian Economy

December 17, 2020
New development Bank (NDB)
  • The Government of India and the New Development Bank (NDB) have inked a loan agreement worth $1,000 million for ‘strengthening India’s economic recovery from COVID-19’. The loan has a tenor of 30 years, including a 5-year grace period.

Canara Bank starts “FX 4 U” for forex remittance via Internet Banking

December 17, 2020
Canara Bank
  • Canara Bank has started FX 4 U that enables its whole internet banking users to handle forex transactions hassle-free.
  • FX 4 U is used for forex remittance via internet banking. With this development, eligible customers will be able to undertake a remittance facility in adherence to the FEMA regulations 1999.

India and World Bank ink $400 million projects to protect India’s poor

December 17, 2020
World Bank
  • The Government of India and the World Bank have inked a $400 million project to guard vulnerable groups in urban and peri-urban areas across the country affected by COVID-19.
  • This is the second such assistance in the series of two ‘Accelerating India’s COVID-19 Social Protection Response Programme’. Under the first operation, $750 million was recommended by World Bank in May 2020.

SBI Ecowrap Report predicts India GDP to contract 7.4% in FY21

December 17, 2020
GDP
  • The State Bank of India, in its research report ‘Ecowrap’ has updated the GDP growth of India at (-) 7.4 percent in FY21.
  • Earlier this prediction was (-) 10.9 percent. The SBI research report has also forecast India’s GDP growth in FY22 at 11 percent.

SAIL receives the Golden Peacock Environment Management Award 2020

December 17, 2020
Steel Authority of India Limited
  • Steel Authority of India Limited (SAIL) has been conferred the esteemed Golden Peacock Environment Management Award for the year 2020 in the Steel Sector by the Institute of Directors.
  • The company has been the winner of this award for consecutive two years and this shows testimony to the efforts made by it for sustainable and environmentally responsible steel making. This award is one of the most coveted awards in the category.

India stands 131 in the Human Development Index 2020

December 17, 2020
labour
  • According to the report published by the United Nations Development Programme (UNDP), India has been dropped two positions to 131 among 189 countries in the 2020 Human Development Index.
  • Norway topped the index, followed by Ireland, Switzerland, Hong Kong and Iceland, the report revealed.

Kylie Jenner tops Forbes’ list of highest-paid celebrities of 2020

December 17, 2020
highest-paid celebrities
  • American media personality and reality TV star, Kylie Jenner has been topped the highest-paid celebrity of 2020 by Forbes.
  • The top-earning stars in the world earned a combined of $6.1 billion in 2020 with Kylie Jenner. Placing aside Kylie’s history with Forbes, the financial experts there calculated her earning this year to be at $590 million after she sold a majority of her beauty brand’s stake to Coty Inc.

ISRO inaugurated a dedicated control center ‘NETRA’ for SSA

December 17, 2020
NETRA
  • The Indian Space Research Organization (ISRO) has inaugurated a dedicated Space Situational Awareness (SSA) Control Centre called “NETRA”, at its ISTRAC campus at Peenya, Bengaluru.
  • The ISRO SSA Control Centre ‘NETRA’ was formally introduced by ISRO Chairman K Sivan.

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