Current Affairs 1st Class

  The Reserve Bank of India governor Shaktikanta Das has been named the ‘Central Banker of the Year 2020’ for the Asia-Pacific region by financial intelligence magazine The Banker. He won the accolade for bringing in measures to tighten the rules around NBFCs and the award is presented to the bankers who have “best managed to stimulate growth and stabilise their economy,” according to The Banker.

  Paytm has launched an Android POS device for small and medium businesses (SMEs) & merchant partners. The android based device will enable the merchants to accept payments in various ways like debit and credit cards, Paytm Wallet, UPI-based apps and cash. The device provides the merchants with the facility of producing GST compliant bills, to manage transactions and settlements through ‘Paytm for Business’ app. These services will increase the importance of digital payments in the business of small and medium businesses (SMEs) & merchant partners and will also bring to them the advantages of the digital economy.
The key features of the Android POS device are:
  • The device consists of a scanner, an in-built printer and will also generate bills.
  • It is empowered with the universal code support which works on all the contact and contact-less payments.
  • The device is also empowered with a billing software along with the customized solutions for different industry sectors ranging from ticketing, catering to parking among others.
  • Advantages of the POS device:
The new facilities includes employee salaries and customer refunds. The device will also provide other advantages like powering the start-ups and the developers to easily integrate their services with the help of the application programme interface of the payment gateway.
  • Impact of the device launch:
The above launch from the Paytm will give a new dimension to the digital payment structure in the businesses and will take one step head towards the vision of cashless economy. With the new device, there comes the facility of automated vendor payments that can be achieved through the POS device.

  Novak Djokovic from Serbia inched closer to Spain’s Rafael Nadal and Roger Federer from Switzerland on the list of male tennis players with most Grand Slam titles after capturing a record-extending 8th title at Australian Open. Novak Djokovic has become only the 3rd man to win at least 8 titles. Novak Djokovic beat Austrian Dominic Thiem in five sets to successfully defend his Australian Open men’s singles title in Melbourne, Australia. Novak has also become 1st tennis player in the Open Era of men’s singles tennis to win a Grand Slam in 3 different decades. Ken Rosewall from Australia won Grand Slam titles in 3 different decades between the 1950s and 1970s but not all of them came in the Open Era. Novak Djokovic is now only 2 behind Rafael Nadal (19) and 3 behind Roger Federer (20) on the elite list which is being dominated by the Big Three since the start of the new millennium.
The Grand Slam are the four most important annual tennis tournaments.
  • 1. Australian Open
  • 2. French Open
  • 3. Wimbledon
  • 4. US Open

 The Union Government has set up a task force which has a target to restrict the Novel Coronavirus in India. The task force consists of Health Minister Dr Harsh Vardhan, External Affairs Minister S Jaishankar, Minister of State for Home Affairs G Kishan Reddy and Civil Aviation Minister Hardeep Singh Puri. The task has a prime aim of stopping the Novel Coronavirus outspread in India. 
  • What is Coronavirus?
The coronavirus belongs to a family of viruses that can cause a range of illnesses in humans. These illnesses includes common cold and more life-threatening severe forms like Severe Acute Respiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS). The corona virus has been named after its shape which takes the pattern of a crown with protrusions around it.

 The AN-32 aircraft of Indian Air Force powered with 10% blend of bio-jet fuel took off and landed successfully in Leh airport. This is the first time, both the engines of an aircraft are powered with bio-jet fuel. The bio-jet fuel is manufactured from “Tree-Borne oils”. The raw materials for the oil are grown and procured from Chhattisgarh tribal areas. This will help in reducing India’s dependence on crude oil imports and also will assist in reducing carbon emissions.

  The Indian Space Research Organisation (ISRO) has announced that it is preparing low-cost satellite launch vehicles costing around 30-35 crores each. These low-cost launch vehicles can put into orbit satellites weighing 500 kgs. This capability will give ISRO a big commercial boost as it will be able to cater to micro, mini and medium segments of the market. The biggest advantage is that ISRO now can manufacture these vehicles in a turnaround time of just 3 weeks’ time.

  ‘Rubigula’, Flame-Throated Bulbul, has been unveiled as the official mascot for the Goa 2020 National Games in Panaji, Goa. The Flame-Throated Bulbul is the state bird of Goa. Goa will be hosting the 36th edition of the National Games from 20th October to 4th November 2020.

 Google announced a 1-million USD grant to promote news literacy among Indians. According to Google, the grant will work towards building a strong network of senior reporters and journalists, who will counteract fake news in India. The funding support is part of Google’s broader, $10-million commitment to media literacy. Google’s initiative will focus on delivering news literacy, especially in non-metro cities. Under the programme, Internews will put together a team of 250 journalists, fact-checkers, academicians, and NGO workers, who will be trained by global and Indian experts in a curriculum adapted to local needs and available in seven Indian languages.

  The 9th edition of joint military training exercise between India-Bangladesh SAMPRITI-IX will be conducted at Umroi, Meghalaya. Exercise SAMPRITI is an important bilateral defence cooperation endeavour between India and Bangladesh which is hosted alternately by both countries. During the joint exercise, Command Post Exercise and Field Training Exercise is to be conducted according to the United Nations Charter. The troops of both the armies will also practice Counter-Terrorist operation.

  Indian women’s team captain Rani Rampal became the 1st-ever hockey player worldwide to win the prestigious ‘World Games Athlete of the Year’ award 2019. The prize is given for outstanding performance, along with social commitment and fair behaviour. The 25-year-old Rani has been part of the Indian women’s hockey team since she was 15 years old and has made 240 appearances for the national team thus far. She was the player of the tournament in the FIH Women’s Series Finals in Hiroshima, Japan.

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