Daily Current Affairs, 20th November 2020 - VISION

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Saturday, November 21, 2020

Daily Current Affairs, 20th November 2020

 

1)  Africa Industrialization Day: 20 November

•Africa Industrialization Day is celebrated on November 20 each year. It is a time when governments and other organizations in many African countries examine ways to stimulate Africa’s industrialization process. It is also an occasion to draw worldwide media attention to the problems and challenges of industrialization in Africa.


•Theme 2020: “Inclusive and sustainable industrialisation in the AfCFTA era”.

2)  World Children’s Day is celebrated on 20 November

•World Children’s Day is observed globally on 20 November every year. The day is celebrated to promote international togetherness, awareness among children worldwide, and improving children’s welfare. November 20th is an important date as it is the date in 1959 when the UN General Assembly adopted the Declaration of the Rights of the Child.


•World Children’s Day was first established in 1954 as Universal Children’s Day and is celebrated on 20 November each year.  It is also the date in 1989 when the UN General Assembly adopted the Convention on the Rights of the Child.

3)  Narendra Singh Tomar inaugurates capacity building component of PM-FME

•Union Minister for Food Processing Industries, Narendra Singh Tomar has virtually inaugurated the capacity building component of the Pradhan Mantri Formalisation of Micro food processing Enterprises scheme (PM-FME Scheme). PM-FME Scheme has been launched with an outlay of Rs 10,000 crore for a period of five years from 2020-21 to 2024-25. He also launched the GIS One District One Product (ODOP) digital map of India.

4)  Vijayanagara becomes 31st District of Karnataka

•The world heritage site of Hampi, the erstwhile capital of the Vijayanagar empire, will soon be part of a new district. The Karnataka Government has approved to carve out Vijayanagara as a new district of the state. Vijayanagara will be the 31st district of the State. The new district would be carved out of Ballari and named after the Vijayanagara empire that ruled from this region.

5)  1st India-Luxembourg Virtual Summit

•The Prime Minister of India,  Narendra Modi, and the Prime Minister of the Grand Duchy of Luxembourg, Xavier Bettel, held the first-ever India-Luxembourg Virtual Summit on 19 November 2020. Both countries have friendly relation of over more than seven decades since the establishment of diplomatic relations in 1948.


•During the Summit, both parties agreed for enhanced cooperation in areas of trade, finance, steel, space, ICT, innovation, manufacturing, automotive, sustainable development, including through renewable energy, and the fight against climate change. Prime Minister welcomed Luxembourg’s announcement to join the International Solar Alliance (ISA), and invited it to join the Coalition for Disaster Resilient Infrastructure (CDRI).

6)  Moody’s projects India GDP at -10.6% for FY21

•Moody’s Investors Service has revised India’s GDP growth forecast to -10.6 per cent for the current fiscal 2020-21 (FY21), in its November 2020 update, from its earlier estimate of -11.5 per cent in September 2020. For next fiscal 2021-22, Moody’s projected India to grow at 10.8 per cent, as against the previous estimate of 10.6 per cent.

7)  Barclays Projects India’s GDP at -6.4% in FY21

•Barclays has revised down its GDP forecast for India in the current fiscal year 2020-21 (FY21) to – 6.4% from its earlier estimate of – 6%. However, Barclays has raised its FY22 (2021-22) growth forecast to 8.5 per cent from 7 per cent.

8)  India Ranks 77 in TRACE Bribery Risk Matrix 2020

•India is placed at 77th position in the TRACE Bribery Risk Matrix 2020. India has achieved a score of 45 in a global list that measures business bribery risks of 2020. India’s rank stood 78 positions in 2019. It was a better performance than neighbouring nations such as Bangladesh, Pakistan, Nepal and China. But, Bhutan scored better than India and got 48th place in the list.


•North Korea, Turkmenistan, South Sudan, Venezuela and Eritrea had the highest commercial bribery risk. Denmark, Norway, Finland, Sweden and New Zealand showed the lowest bribery risk.

9)  Defence Minister Rajnath Singh unveils two books

•Defence Minister Rajnath Singh has unveiled two books ‘The Republican Ethic Volume III’ and ‘Loktantra Ke Swar’ which are a collection of selected speeches of President Ram Nath Kovind during the third year of his presidency. Information and Broadcasting Prakash Javadekar unveiled the e-book versions of the two books.


•Mr Rajnath Singh stated that the President’s speeches depict his concern towards issues such as girls education, empowerment of women, and welfare of the weaker sections.  All the speeches in this book reflect on the self-confidence in this country. This book comprises speeches on the country’s efforts to fight COVID19, where India is faring much better than other countries, to bravely defending its borders. This compilation of speeches of President Kovind presents a comprehensive picture of his work, personality and values.

10)  Ravi Shankar Prasad releases “My Stamp on Chhath Puja”

•Union Minister of Communications, Electronics & Information Technology and Law and Justice, Ravi Shankar Prasad has released a “My Stamp on Chhath Puja”. My Stamp is an innovative concept initiated by the Department of Posts. Any common person or corporate organisation can now book order and get a personalised photograph or an image of a Postage Stamp.


•My Stamp is one of the unique products being offered by India Post, which has gained its popularity in the customised gifting category. My Stamp on Chhath Puja is available in all Philatelic bureaus and major post offices across the country. A special cover on the theme “Chhath-A symbol of Simplicity and Cleanliness” was also released.