DAILY GK 12 SEPT. 2020
1. INDIA POST
LAUNCHES FIVE STAR VILLAGES SCHEME
·
Postman
and Postal Department are a vital part of the ordinary citizen’s life.
·
India
post is doing exceptional work in the implementation of Government schemes .
·
Now,
in order to ensure universal coverage of flagship postal schemes in rural
areas, Union Minister of State for Communications, Sanjay Shamrao
Dhotre has launched a scheme namely “Five Star Villages” along
with Department of Post.
2. NEW FDI
POLICY IN DEFENCE SECTOR
·
Union
Cabinet led by Prime Minister Narendra Modi approved the new Foreign Direct
Investment (FDI) policy in Defence Sector, thereby allowing FDI through
automatic approval to be increased from 49% to 74%.
·
The new
policy has a ‘National Security’ clause as a condition, wherein any Foreign
Investment in Defence Sector shall be subject to scrutiny on grounds of
National Security.
·
The FDI
policy will also attract foreign manufacturers to set up manufacturing units in
India.
3. ‘GOLDEN
ARROWS’ SQUADRON OF INDIAN AIR FORCE
·
The Five
Rafale Aircrafts which arrived in India on July 29, 2020 were formally inducted
into the Indian Air Force at a function held at Air Force Station, Ambala (Haryana).
·
They
were inducted into the Indian Air Force’s 17
Squadron ‘Golden
Arrows’.
·
The
French delegation included Mr Emmanuel Lenain, Ambassador of France to India,
Air General Eric Autellet, Vice Chief of the Air Staff of the French Air Force
and other senior officials.
4. 13TH
EDITION OF AERO INDIA-21
·
The 13th
Edition of Aero India-21 will be held at Yelahanka Air Force Base, Bengaluru,
Karnataka from February 3rd-7th, 2021.
·
The
website will be a contactless online interface and will host all online
services related to the event for both the exhibitors and visitors.
·
Aero
India is a biennial air show and aviation exhibition held in Bengaluru.
·
It is
organised by the Defence Exhibition Organisation under the Ministry of Defence.
·
It is
Asia’s largest Aeroshow.
5. INDIA’S
‘LARGEST PIGGERY MISSION’
·
The
state government of Meghalaya launched India’s Biggest Piggery Project with
an outlay of Rs 209 Crores.
·
It is
being launched under the aegis of Meghalaya Livestock Enterprises Advancement
Society (MLEADS) and funded by the National Cooperative Development
Corporation (NCDC).
·
The main
objective of the Piggery Mission is to reduce the annual import of Pork worth
Rs 150 Crore and make Meghalaya self-sufficient (“Aatma Nirbhar”) in
Pork production over the next 3 years.
·
Through
the “Piggery Mission” farmers in the state will be provided Interest
Free Loan.
·
The
State Government will pay the interest, to encourage farmers to avail the loan.
6. SCO CULTURE
MINISTERS Meeting
·
Union
Minister of State (MoS) Prahlad Singh Patel virtually participated in the
17th Shanghai Cooperation Organization (SCO) Culture Ministers
meeting.
·
National
Museum of India is in the process of
organizing the first SCO Exhibition on Shared Buddhist Heritage in 2020 to
promote mutual bonding.
·
It will
be held online due to the pandemic.
·
The year
2021 will mark the 20th Anniversary year of the founding of SCO.
·
India
supported the proposal of declaring 2021 as the Year
of Culture of SCO to celebrate the Anniversary.
7. 2020
ECONOMIC FREEDOM INDEX
·
India
took the 105th position in the 24th Edition of Economic Freedom of
the World: 2020 Annual Report by Canada’s Fraser Institute,
which has been released in India in conjunction with Center
for Civil Society, New Delhi-based think tank.
·
The
report is co-published by CATO Institute (America) with more
than 70 think tanks around the world.
·
This
is the 24th edition of Economic Freedom of the World.vThe
report is based on 2018 data.
·
Hong
Kong topped the Index with a score of 8.94, followed by Singapore (8.65) and
New Zealand (8.53).
·
This
year’s publication ranks 162 countries and territories for 2018.
·
The
Report has been divided into 4 Quartiles based on the rankings.
8. SBI TO
LAUNCH ‘SAFAL’
·
C.S.
Setty, Managing Director (MD) of
State Bank of India (SBI) informed that SBI will launch a loan
product called SAFAL (Safe and Fast Agriculture Loan) during a
Fintech conference organized by Federation of Indian Chambers of Commerce and
Industry (FICCI).
·
SAFAL
is primarily focused on organic cotton growers who do not have
any credit history.
9. EXPERT
PANEL TO ASSESS IMPACTS OF WAIVING LOAN MORATORIUM
·
The
Ministry of Finance formed a three-member expert panel headed by Rajiv
Mehrishi, former comptroller and Auditor General of India to assess the impacts
of the waiver of interest on the moratorium loans offered to the COVID-19
affected borrowers which ended on 31st August 2020.
·
The
committee will assess the impact of ‘waiving interest’ and ‘interest on
interest’ on the COVID-19 related moratorium on the national economy
and financial stability.
