DAILY GK 26 AUG 2020
1. LINKING OF SUGARCANE PRICES TO SUGAR
RATE
·
The
final report of the NITI (National Institution for Transforming India) Aayog
Task Force headed by Ramesh Chand, Niti Aayog Member(Agriculture), “Sugarcane
and Sugar Industry” recommended linking of Sugarcane prices to sugar
rate to maintain the financial state and stability of the industry and to
clear the arrears of the sugarcane farmers.
·
The
report recommended to shift sugarcane cultivation areas to less water intensive
crops by providing incentives to the farmers.
·
Currently
around 3 lakh hectares are under sugarcane cultivation that produce around 20
lakh tonnes of sugarcane.
2. SATELLITE DATA TO ASSESS CREDIT
WORTHINESS OF FARMERS
·
ICICI
Bank uses satellite
data(imagery from Earth observation satellites) to assess credit
worthiness of farmers. ICICI Bank has become the 1st
bank in India to use such a technique to measure an array of
parameters related to the land, irrigation and crop patterns and use it in
combination with demographic and financial parameters to make quick lending
decisions for farmers.
·
ICICI
Bank has partnered with agri–fintech companies( that specialize in the use of
space technology and weather information for commercial use) and has worked
with them to build reports with over 40 parameters.
3. ‘SHAGUN – GIFT AN INSURANCE’ POLICY
·
SBI
General Insurance Co Ltd
launched a 1st of its kind offering, ‘Shagun – Gift an
Insurance’, a unique gift of Personal Accident policy which provides
complete financial protection to the insured person against uncertainties such
as accidental death and partial or total disabilities, and permanent
& temporary disabilities resulting from an accident.
·
It is
not necessary for the policy buyer to be related to the insured. It can
be availed for up to 1 Year
4. INDIA’S 1ST TRADEABLE REAL-TIME
BULLION INDEX
·
Multi-Commodity
Exchange of India Ltd (MCX), India’s first listed, national-level,
electronic exchange, launched futures trading on the country’s first tradeable
real-time bullion index, MCX iCOMDEX Bullion , or Bulldex.
·
The
index will track the real-time performance of the gold (1kg) and silver (30kg)
futures contracts, the flagship future products on the Exchange.
·
Currently,
it carries around 70.52% weight for gold and 29.48% for silver. The weights
will be rebalanced every January.
5. ‘WORLD’S FASTEST HUMAN CALCULATOR’ TITLE
·
Twenty-Year
old Neelakantha Bhanu Prakash Jonnalagadda of Hyderabad has bagged
the first ever Gold Medal for India in Mental
Calculations (MC) World Cup (MCWC) held on August 15, 2020 by Mind
Sports Olympiad (MSO).
·
Bhanu
Prakash had secured the gold medal with a score of 167, Lebanese
contender Mohammed El Mir secured the Silver Medal with a score 102 and Asmita
Pal from the UAE bagged the Bronze medal with a score of 100
points.
6. G SATHEESH REDDY GETS TWO-YEAR
EXTENSION
·
Renowned
Aerospace Scientist Dr G. Satheesh Reddy was given a two-year
extension as Chairman of the Defence Research and Development Organisation
(DRDO) & as Secretary of the Department of Defence Research &
Development(DoDRD) by the Appointments Committee of the Cabinet.
G Satheesh Reddy was appointed to the post in August 2018 for a tenure of two
years.
Satheesh Reddy is one of the Chief Architects behind India’s
Mission Shakti, Anti Satellite Missile Test (ASAT).
7. IAF LAUNCHED “MY IAF”
·
Indian
Air Force(IAF) Chief of the Air Staff(CAS) Air Chief
Marshal (ACM)Rakesh Kumar Singh Bhadauria, launched the mobile
application “My IAF”, to provide career related information and
details in IAF to the aspirants.
·
The application
was launched as a part of the ‘Digital India Initiative’.
·
It was
developed in association with the Centre for Development of Advanced
Computing (C-DAC).
·
The
application is available in Google Play Store for mobile with android.
