Daily Current Affairs - 27th Aug 2020

Bank of Maharashtra banks on customer ‘Ghar Wapsi’ to grow loan book

  • Bank of Maharashtra (BoM) is setting much in store by its ‘Ghar Wapsi’ (return home) campaign to woo former customers as well as existing customers, who have deposits with it but loan accounts with other banks. The bank is going through its customer database and credit information bureau data with a fine-tooth comb to win back lost customers as well as persuade existing deposit customers, having loan accounts with other banks, to return to the fold.

CPL 2020: Dwayne Bravo creates history, first to 500 T20 wickets

  • Dwayne Bravo has become the first bowler to bag 500 wickets in the T20 format. No other bowler has even reached 400. Lasith Malinga is next on the list with 390 wickets. Bravo, appearing for the Trinbago Knight Riders, dismissed St Lucia Zouks’ Rakheem Cornwall during a Caribbean Premier League match to achieve the feat.

DoPPW to integrate e- Pension Payment Order with Digi Locker

  • The Department of Pension & Pensioners’ Welfare, DoPPW has decided to integrate the electronic Pension Payment Order, e-PPO generated through Public Finance Management System (PFMS) application of Controller General of Accounts, with Digi Locker, to enhance Ease of Living of Central Government Civil Pensioners.
  • This system will enable any Pensioner to obtain an instant print-out of the latest copy of their PPO, from their Digi Locker account.
  • This initiative will create a permanent record of their PPO in their Digi Locker and at the same time eliminate delays in reaching the PPO to new Pensioners, as well as the necessity of handing over a physical copy.

Flood situation improves in Bangladesh

  • With most of the rivers in Bangladesh flowing below danger level and marking a downward trend, flood situation has improved across the country. As per the latest flood bulletin released by the Flood Forecast and Warning Centre (FFWC) on Wednesday, rivers were flowing above danger level only at two points out of the total 101 points monitored by it.
  • Dhaleswari at Elasin and Padma at Goalundo were flowing above the danger mark till afternoon on Wednesday. Over the four river basins in the country, water level receded at 60 monitoring locations while it showed an increase at 29 points. Most of the rivers in the Brahmaputra, Meghna and South Easter hill region basins showed a fall in the water level.

ICC rankings: Virat Kohli, Rohit Sharma maintain top spots in ODIs, KL Rahul in second place in T20s

  • Indian captain Virat Kohli and his deputy Rohit Sharma maintained their supremacy at the top of the ICC ODI rankings for batsmen, occupying the first and second spots respectively in the latest list. Australian Steve Smith continued to top the chart in Tests and he is followed by Kohli and another Australian Marnus Labuschagne.
  • India’s wicketkeeper-batsman KL Rahul is in second place in the T20 rankings for batsmen behind Pakistan’s Babar Azam.
  • Indian pace spearhead Jasprit Bumrah held his numero uno position in the ODI bowling rankings, while Australian speedster Pat Cummins held the top spot in Tests and Afghanistan’s star spinner Rahid Khan in T20Is.

India, Bangladesh to launch new riverine trade route on September 3

  • India and Bangladesh are set to operationalise a new riverine trade route on September 3, when a Bangladeshi vessel will transport a cargo of cement to Tripura as part of efforts to boost connectivity between the two countries. The route connecting Sonamura in Tripura to Daudkandi in Bangladesh is being operationalised under an agreement signed by the two sides in May to boost riverine trade by adding two new routes and five more ports in order to improve connectivity to India’s north-eastern states and reduce transportation costs.
  • India and Bangladesh signed the Protocol for Inland Water Trade and Transit in 1972 for inland waterways connectivity between the two sides for bilateral trade and to improve connectivity to India’s north-eastern states

Ministry of Culture announces 7 new circles of Archaeological Survey of India

  • The Ministry of Culture has announced 7 new circles of Archaeological Survey of India, ASI. Culture and Tourism Minister Prahlad Singh Patel said the new circles have been created in Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Karnataka, West Bengal and Gujarat. Mr Patel said, Trichy, Raiganj, Rajkot, Jabalpur, Jhansi and Meerut have been announced as new circles.
  • The Minister said, earlier there were 29 ASI circles across the country.

MoWCD invites nominations for Pradhan Mantri Rashtriya Bal Puraskar-2021

  • Ministry of Women and Child Development has invited nominations for the Pradhan Mantri Rashtriya Bal Puraskar-2021 from children, individuals and institutions. The Pradhan Mantri Rashtriya Bal Puraskar was instituted to felicitate meritorious children, individuals and institutions of the country.These awards are given under two categories - Bal Shakti Puraskar and Bal Kalyan Puraskar.
  • The Awards are given by the President at Rashtrapati Bhavan in the week preceding Republic Day every year.

NHA releases Draft Health Data Management Policy of National Digital Health Mission

  • The National Health Authority has released the Draft Health Data Management Policy of the National Digital Health Mission in the public domain.The draft of the policy has been released on the official website of National Digital Health Mission and will be available for public comments and feedback till 3rd of next month.
  • One of the main objectives of this draft policy is to provide adequate guidance and to set out a framework for the secure processing of personal and sensitive personal data of individuals who are a part of the national digital health ecosystem. The ambitious NDHM programme was announced by Prime Minister Narendra Modi earlier this month during his Independence Day speech.

NITI Aayog releases Export Preparedness Index 2020

  • NITI Aayog released the Export Preparedness Index (EPI) 2020. EPI intends to identify challenges and opportunities; enhance the effectiveness of government policies and encourage a facilitative regulatory framework. The structure of the EPI includes four pillars which are Policy, Business Ecosystem, Export Ecosystem and Export Performance.
  • It also includes 11 sub-pillars like Export Promotion Policy, Institutional Framework, Business Environment, Infrastructure and Transport Connectivity.

Panel to review charter of DRDO labs

  • With a focus on indigenous development of futuristic technologies, a five-member expert committee has been constituted to review the charter of duties for all laboratories of the Defence Research and Development Organisation (DRDO). The committee was constituted by G. Satheesh Reddy, Secretary, Department of Defence Research and Development (DDR&D), who is also the Chairman, DRDO.

Reliance Industries appoints former Indian Oil CMD as Group President

  • Sanjiv Singh, former chairman of Indian Oil Corporation (IOCL), has joined Reliance Industries as group president and member of the oil-to-chemicals (O2C) business leadership team. Singh, who superannuated from the services of IOCL on 30 June, will lead and drive the group's manufacturing services which is considered the backbone of RIL's oil-to-chemicals business.

Risk-aversion will be self-defeating for banks: RBI Governor Shaktikanta Das

  • The Reserve Bank of India Governor Shaktikanta Das said that Indian banks risk aversion could be self-defeating and they need to relook at their business models and raise capital as a precautionary measure as it is obvious that the pandemic would leave a trail of destruction behind. Mr Das advised banks to improve their risk management and governance frameworks, and also build sufficient resilience.
  • The governor added that the risk management system should be sophisticated enough to smell vulnerabilities brewing within the various businesses well in advance and should be dynamic enough to capture looming risks in sync with the changes in external environment and best practices.

SC asks Centre to clarify stand on interest waiver during moratorium

  • The Supreme Court of India took notice of the Centre's alleged inaction and asked it to clarify its stand within a week on the waiver of interest on interest for deferred payments of installments for loans during the moratorium period by the Reserve Bank of India (RBI) announced due to the coronavirus lockdown. A bench headed by Justice Ashok Bhushan said the Centre had not made its stand clear on the issue despite the fact that ample powers were available with it under the Disaster Management Act and was "hiding behind the RBI".
  • The apex court granted time to the government after Solicitor General Tushar Mehta sought a week's time to file a response.

Volkswagen launches VW-Virtual Racing

  • Volkswagen Motorsport India (VMI) has announced the launch of its Volkswagen Virtual Racing Championship (VW-VRC). The 2020 Polo Championship (one-make series) will be conducted virtually through simulators.

WTO panel accepts India-US request to delay compliance report on poultry dispute till March 2021

  • India and the US have once again asked the World Trade Organization (WTO) to delay a panel report on New Delhi’s compliance with the judgement issued in its poultry dispute with Washington, that India lost, as the two hoped to sort out the matter bilaterally.