Professional Documents
Culture Documents
Here is the complete list of Short-Term Risk Outlook (stated by mult istakeholders):
➢ The Union Government has appointed Michael Michael Debaprata Patra will serve as the Deputy
Debaprata Patra as the Reserve Bank of India’s Governor of Reserve Bank of India for 3 years.
Deputy Governor. He has been appointed in place of ➢ The other 3 deputy governors of the Reserve Bank of
former deputy governor Viral Acharya left the India are: BP Kanungo, MK Jain and NS
position with prematurely resignation 6 months ago. Vishwanathan.
India’s 1st Cyber Crime Prevention Unit from the second year and the loan to be paid in four
installments.
“AASHVAST” launched in Gujarat
➢ Union Home Minister Amit Shah has launched the Kerala became 1st State to pass resolution
first Cyber Crime Prevention Unit of India against CAA
“AASHVAST” in Gandhinagar, Gujarat. Along with
AASHVAST, he also launched 2 other projects: ➢ Kerala became the 1st state in the country to pass a
VISWAS & Netrang. resolution against the Citizenship Amendment Act.
➢ The AASHVAST project will act as a helpline for the The resolution was moved by Kerala’s Chief Minister
cyber crime victims. Pinarayee Vijayan and was seconded by the Leader
of Opposition Ramesh Chennithala.
National Youth Festival 2020 begins in
Lucknow Indore tops national cleanliness rankings for
first two quarters
➢ 23rd National Youth Festival 2020 started from 12-
16 January at Lucknow, Uttar Pradesh. This festival
is celebrated on the birth anniversary of Swami ➢ Union Ministry of Housing and Urban Affairs
Vivekananda. The NYF 2020 is organized by the (MoHUA) has announced the results of the 1st and
Ministry of Youth Affairs and Sports and State 2nd quarters of the Swachh Survekshan 2020.
Government of Uttar Pradesh. Indore has topped the cleanliness charts for two
➢ The theme of the 23rd National Youth Festival 2020 is consecutive quarters among cities with over 10 lakh
“FIT YOUTH FIT INDIA”. population while Kolkata was the worst performer.
Jamshedpur has topped the cleanliness charts for two
Union Minister Smriti Irani launched 3 consecutive quarters among cities with 1 lakh to 10
schemes in Goa lakh population.
➢ Top three cities with over 10 lakh population in 1st
➢ Union minister for women and child development quarter (April to June):
Smriti Irani launched 3 welfare schemes for women 1. Indore (Madhya Pradesh)
in Goa. The schemes are Yashaswini Scheme for 2. Bhopal (Madhya Pradesh)
Women Entrepreneurship, Swasthya Sahayak 3. Surat (Gujarat)
Project and breast cancer screening initiative ➢ Top three cities with over 10 lakh population in 2nd
handheld device facilitating detection of cancer. quarter (July to September):
➢ Under the Yashaswini Scheme for Women 1. Indore (Madhya Pradesh)
Entrepreneurship, the state government provides 2. Rajkot (Gujarat)
interest-free loan up to Rs 5 lakh with a tenure of 5 3. Navi Mumbai (Maharashtra)
years to self-help groups with repayment starting
National Highway Excellence Awards 2019 ➢ A UCB may be placed under supervisory action
framework under the following conditions:
➢ Union Road, Transport and Highway Minister, Nitin ➢ When its Net Non-Performing Asset (NPA) exceeds
Gadkari presenting the National Highway 6% of its net advances.
Excellence Awards 2019 in New Delhi. This award is ➢ When its Capital to Risk (Weighted) Assets Ratio
Instituted in the year 2018, National Highway (CRAR) falls below 9%.
Excellence Awards aim to recognize the well- ➢ When it incurs losses for two consecutive financial
performing companies in the field of construction, years or has accumulated losses on its balance sheet.
operations, maintenance, toll collection and road
safety on National Highways. Union Government unveils State Energy
The 7 categories of the award are: Efficiency Index 2019
1) Excellence in Project Management
2) Excellence in Operation and Maintenance ➢ The Union Government has released the “State
3) Excellence in Toll Management Energy Efficiency Index 2019”. The index was
4) Excellence in Highway Safety released during the ‘Review, Planning and Monitoring
5) Innovation (RPM)’ meeting held in New Delhi. The index is
6) Outstanding Work in Challenging Conditions developed by Bureau of Energy Efficiency (BEE)
7) Green Highway
along with Alliance for an Energy Efficient
Economy (AEEE). The SEE Index 2019 traces the
SEBI defer deadline to April 2022 for split CMD
expansion and achievements of Energy Efficiency (EE)
post
drives running in 36 states and union territories.
The SEE Index 2019 constitutes quantitative,
➢ SEBI (Securities and Exchange Board of
India) stock market regulator has deferred the qualitative and outcome based 97 indicators to check
deadline for the separation of the posts of Chairman energy efficiency initiatives, programs and outcomes
and MD (Managing Director) or chief executive in five distinct areas: transport, industry,
officer (CEO) for 500 listed companies by 2 years. agriculture, buildings, municipalities, and
The date of implementation of the above regulatory DISCOMs.
provision has been deferred to April 1, 2022.
➢ The rules to splitting the post of Chairman-MD are
part of the recommendations of the Uday Kotak (MD
of Kotak Mahindra Bank) Committee appointed by
SEBI on Corporate Governance
➢ State Energy Efficiency Index 2019 has divided Shivalik Mercantile Co-op. Bank Ltd gets RBI’s
States/UTs into 4 groups on the basis of Total approval to become SFB
Primary Energy Supply (TPES) desired to meet the
State’s/UT’s actual energy demand through ➢ The Reserve Bank of India has granted “in-
electricity, coal, oil, gas, etc. across all the sectors. The principle” approval to Shivalik Mercantile Co-
4 groups are: ‘Front Runner’, ‘Achiever’, operative Bank Limited for transition into a Small
‘Contender’ and ‘Aspirant’. Finance Bank (SFB).
➢ Key results of SEE Index 2019:
➢ The transition into a SFB will be under the “Scheme
➢ The State Energy Efficiency Index 2019 was topped
on voluntary transition of Urban Co-operative
by Haryana, Karnataka and Kerala while Manipur,
Jammu & Kashmir, Jharkhand and Rajasthan Bank into a Small Finance Bank” issued on
performed worst in their respective groups. September 27, 2018.
➢ The states of Haryana, Karnataka and Kerala were in ➢ The “in-principle” approval granted will be valid for
“Achiever” group and there was not a single state in 18 months to enable the applicant to comply with the
the “Front Runner” group. requirements under the Scheme, the Guidelines for
RBI allows 24×7 rupee trading via select banks ‘on tap’ Licensing of Small Finance Banks in the
Private Sector and fulfil other conditions as stipulated
➢ Reserve Bank of India has enabled select banks in by the RBI.
India to offer round-the-clock (24×7) trading in the
RBI allows “Video based Customer
Indian rupee to allow Indians to safeguard their
foreign exchange (Forex) risks at any time. Identification Process”
➢ The selected banks in India can offer forex rates to
Indian clients beyond the inter-bank market hours, ➢ The Reserve Bank of India has revised the Know
which presently run from 9am to 5pm. This will open Your Customer (KYC) norms for banks and other
up the forex market in India round the clock and will lending institutions. New amendments in KYC
allow Indians to hedge their foreign exchange risks at
norms by RBI allows banks and other lending
any time of the day.
institutions to use “Video based Customer
Identification Process (V-CIP)”.
India listed as 5th biggest Geo-political Risk of
➢ The V-CIP is a consent based alternate method of
2020
establishing the customer’s identity and for customer
➢ India under Prime Minister Narendra Modi has onboarding from remote areas while leveraging the
been listed as the 5th biggest Geo-political Risk of digital technology. It will also provide comfortability
2020. The listing was done by Eurasia Group in its to banks and other regulated entities while holding to
report. The report states ‘Top 10 Risks’ of the year the RBI’s Know Your Customer (KYC) norms. The
2020. video files recorded as V-CIP are required to be stored
➢ The Top 10 Risks of 2020 are as followed: bearing the date and time stamp while ensuring the
1. RIGGED!: WHO GOVERNS THE US? safety and security of the video files.
2. THE GREAT DECOUPLING
➢ RBI has also advised banks to capture clear image of
3. US/CHINA
PAN card produced by the customer during the
4. MNCS NOT TO THE RESCUE
5. INDIA GETS MODI-FIED Customer Identification Process (CIP).
6. GEOPOLITICAL EUROPE ➢ The central bank also advised the banks and other
7. POLITICS VS. ECONOMICS OF CLIMATE CHANGE regulated entities to record the customer’s location
8. SHIA CRESCENDO (Geotagging) to ensure the customer’s physical
9. DISCONTENT IN LATIN AMERICA presence in India.
10. TURKEY
RBI releases “National Strategy for Financial ➢ Khadi and Village Industries Commission (KVIC)
Inclusion” report opened its first “Patola Saree” silk processing plant
at Surendranagar in Gujarat.
➢ The Reserve Bank of India has released a report ➢ External affairs ministry announced the setting up
“National Strategy for Financial Inclusion (NSFI): of new emerging and strategic technologies
2019-2024“. The report has been formulated by RBI (NEST) division.
under the aegis of Financial Inclusion Advisory ➢ Kerala became the 1st state in the country to pass a
Committee (FIAC) and ratified by the Financial resolution against the Citizenship Amendment Act
Stability Development Council (FSDC). (CAA).
➢ As per the official statement, “the NSFI: 2019-2024 ➢ Indian mountaineer Malavath Poorna, the
sets forth the vision and key objectives of the financial
youngest girl to have climbed the world’s highest
inclusion policies in India to help expand and sustain
mountain Mt. Everest.
the financial inclusion process at the national level
➢ The Election Commission of India has launched a
through a broad convergence of action involving all
Political Parties Registration Tracking
the stakeholders in the financial sector. The strategy
Management System (PPRTMS). The system
aims to provide access to formal financial services in
an affordable manner, broadening & deepening enables the applicants to track the status of the
financial inclusion and promoting financial literacy & applications for the party registration.
consumer protection.” ➢ India has extended a line of credit of USD 75 million
➢ The report stated the following 6 pillars as part of (over Rs 500 crore) to Cuba to finance solar parks in
strategic objectives to achieve the aim of financial Cuba.
inclusion: ➢ National Stock Exchange (NSE) Knowledge Hub
➢ Universal Access to Financial Services inaugurated in New Delhi. The Hub will assist the
➢ Providing basic bouquet of financial services banking, financial services and insurance (BFSI)
➢ Access to livelihood and Skill Development sector.
➢ Financial Literacy and Education ➢ The Cabinet Committee on Economic Affairs
➢ Customer Protection and Grievance Redressal (CCEA) has given its ‘in principle’ approval for
➢ Effective Co-ordination strategic disinvestment of 4 Central Public Sector
Enterprises (CPSEs) namely Minerals & Metals
National Affairs Trading Corporation (MMTC), MECON, Bharat Heavy
Electricals (BHEL) and National Mineral Development
➢ Union Minister of Steel launched mission Corporation (NMDC) & 2 Odisha State PSUs namely
PURVODAYA for the development of eastern India Industrial Promotion and Investment Corporation of
through integrated steel hub in Kolkata, West Odisha (IPICOL) and Odisha Mining Corporation
Bengal. (OMC) in Neelachal Ispat Nigam Limited (NINL).
➢ The Kolkata Port has been renamed as Shyama
Prasad Mukherjee Port on the occasion of 150th
years celebration of Kolkata Port Trust.
➢ Income-Tax Department has launched a 24×7
control room to monitor black money and illegal
inducements in poll-bound Delhi.
➢ Super Senior Citizens (over 80 years of age) and
PwDs now vote through Postal Ballot in Delhi
Assembly Election.
➢ Union Minister of Petroleum and Natural Gas
Dharmendra Pradhan will be inaugurated
“Saksham” campaign. “Saksham” is a fuel
conservation mega campaign of Petroleum
Conservation Research Association (PCRA).
➢ The union cabinet has granted the approval of giving ➢ Maharashtra Government has launched a ‘Cyber
the status of Institution of National Importance to a Safe Women’ initiative under which awareness
cluster of Ayurvedic institutions at Gujarat Ayurved camps will be held across all the districts of the state
University in Jamnagar. Jamnagar Ayurveda regarding cyber safety.
University will become the 1st Ayurveda institute to ➢ In Tripura, Lai Haraoba, a ritualistic festival
join the ranks of the IIT’s and AIIMS. observed by Manipuri meitei communities began in
➢ The Union Government has authorized the amount of Agartala.
Rs 5559 crore as Viability Gap Funding (VGF) for ➢ UPSRTC (Uttar Pradesh State Road Transport
1656 Km long Indradhanush Natural Gas Pipeline Corporation) has launched ‘Damini’ helpline service
Grid project. The project will connect 8 North considering the safety of the women passengers.
Eastern states: Assam, Arunachal Pradesh, ➢ Kolkata Police has started the 3rd edition of
Meghalaya, Manipur, Mizoram, Nagaland, Tripura and ‘Sukanya‘ project to provide self-defence training to
Sikkim. girls studying in schools and colleges in the city. The
➢ Indian Railways is in the process of installing initiative is funded by Women and Child Development
Internet Protocol (IP) based Video Surveillance and Social Welfare Department of the state
System (VSS) at stations to enhance security. government.
➢ Census exercise India-2021 to begin on 1st April ➢ Journalists’ Day is celebrated on 6th of January
2020 and will end on 30th of September 2020. It will every year in Maharashtra in the memory of late
be conducted through a mobile phone application. thespian journalist Balshashtri Jambhekar who is
➢ The “Paperless Licensing Process” has been also known as ‘The Father of Marathi Journalism’.
launched by the Department for Promotion of ➢ The 2nd phase of Mission Indradhanush 2.0 rolled
Industry and Internal Trade (DPIIT), for Petroleum out at block level in 35 districts of Uttar Pradesh.
Road Tankers. The process has been launched ➢ The Himachal Pradesh Government has introduced a
through Petroleum and Explosives Safety portal “Himachal MyGov” to boost public
Organisation (PESO) & launched under the Petroleum participation in the governance process.
Rules, 2002. ➢ Himachal Pradesh Government launched “CM App”
➢ The National Cyber Crime Reporting Portal (NCCRP) which is a platform through which people of the state
and Indian Cyber Crime Coordination Centre (I4C) can write directly to the Chief Minister regarding their
was inaugurated in New Delhi. NCCRP enables people complaints.
to report cyber crimes online. I4C will manage all ➢ The 31st International Kite Festival has been
kinds of cyber crimes comprehensively in coordinated launched in Ahmedabad, Gujarat.
manner. ➢ The 4th edition of ‘Buxa Bird Festival’ started in
Buxa National Park in West Bengal’s district
States in the News Alipurduar.
➢ The Vikram Sarabhai Children Innovation Center
➢ Gujarat Chief Minister Vijay Rupani unveils world’s (VSCIC) will be set up in Gujarat to identify, nurture
2nd tallest statue of Sardar Vallabhbhai Patel in and promote innovative abilities of children in the
the world at Ahmedabad. state.
➢ Parshuram Kund Mela begins in Arunachal Pradesh. ➢ The Children’s Innovation Festival (CIF) organized
Parshuram Kund is a Hindu pilgrimage centre by Gujarat University Start-ups and Entrepreneurship
situated on the Brahmaputra plateau in the lower Council (GUSEC) was held in Gandhinagar, Gujarat.
reaches of the Lohit River. Only School-going children up to 18 years old were
➢ Union Territory Ladakh is hosting the 1st-ever allowed to participate in the festival.
Food Processing Summit to attract investors to the ➢ “Advantage Maharashtra expo 2020” organised by
region. the Marathwada Association of Small Scale Industries
➢ Union Culture and Tourism Minister Prahlad and Agriculture (MASSIA) in Aurangabad.
Singh Patel launched an exhibition titled “Indian ➢ The famous chariot festival of the Suchindram
Heritage in Digital Space” at National Museum, New Thanumalayan Temple in Tamil Nadu begins.
Delhi.
➢ Anand Prakash Maheshwari has been appointed to ➢ The Central Industrial Security Force will observe
head the world’s largest paramilitary force “Central 2020 as the ‘year of mobility’ that will have a special
Reserve Police Force“. He will replace Rajiv Rai focus on the creation of more residential units and
Bhatnagar.
implementation of various welfare measures for the
➢ Indian Army Officer Captain Tania Shergill, an
officer with Army’s Corps of Signals, will be the first troops.
woman parade adjutant for the Republic Day parade. ➢ India and Oman will conduct 12th edition of bilateral
➢ A noted chemist Bipul Behari Saha has been elected maritime exercise ‘Naseem Al Bahr’ in Mormugao
as a bureau member of the International Union of Port, Goa. Indian Navy ships Beas and Subhadra and
Pure and Applied Chemistry (IUPAC) for the period Oman Navy ships RNOV Al Rasikh and RNOV Khassab
2020-23. are participating in the exercise.
➢ Indian Navy starts 1st Maha-Navy Connect 2020 Ranks and Reports
Tri-Dimensional Expedition from Mumbai,
Maharashtra. ➢ According to the report released by the National
➢ Visakhapatnam will host naval exercise "MILAN Health Systems Resource Centre (NHSRC), Jammu
2020" with the theme ‘Synergy Across the Seas’. and Kashmir has registered the highest Inpatient
➢ India’s first indigenous aircraft carrier Vikrant will Department, IPD care in the country.
be commissioned by early 2021 into Indian Navy and ➢ Deutsche Bank has projected that Indian economy
will be fully operated by 2022. will reach $7 trillion by 2030 in its research report
➢ India has deployed its aircraft carrier INS “Imagine 2030”.
Vikramaditya in Arabian Sea amid the Pakistan- ➢ India was ranked 84th in the Henley Passport Index
China naval exercise “Sea Guardians” taking place in 2020 released recently. Top 3 rankings are as follows:
North Arabian Sea. 1) Japan; 2) Singapore; 3) Germany & South Korea.
➢ Indian Army Day is observed on January 15 in India ➢ India’s Statue of Unity has become the part of ‘8
every year. This year 72nd Army Day is being Wonders of SCO’ list. The Shanghai Cooperation
celebrated across the country. Organisation has included the Statue of Unity in its ‘8
Wonders of SCO’ list.
➢ The National Youth Day has been celebrated every
➢ Vice President M Venkaiah Naidu to inaugurate a
year on 12 January. This is the day when Swami new Centre of Excellence for Studies in Classical
Vivekananda, one of the greatest social reformers, Telugu on January 21 in Nellore, Andhra Pradesh.
thinkers, and philosophers of India, was born. ➢ Indian Oil Corp (IOC) has developed a special class
diesel conforming to NATO grade for use in ships and
➢ The India Meteorological Department (IMD) is
vessels of Indian Navy.
celebrating its 145th Foundation Day on 15 January. ➢ In the honour of 200th birth anniversary of
It was established in 1875. Florence Nightingale, the World Health Organization
➢ Armed Forces Veterans Day is observed each year designated the year 2020 as the “Year of Nurse and
Midwife”.
on 14th January. The day is being celebrated since
➢ Neutral pronoun ‘they’ has been voted as word of the
2017. decade by US language experts.
➢ The world Braille Day is observed annually on 4 ➢ Union Home Minister has laid the foundation stone of
January. Delhi Cycle Walk project at Tughlakabad in New
Delhi. Delhi Cycle Walk will have network of over
➢ Pravasi Bharatiya Divas (PBD) is celebrated on 9th
220 km & aims to make the city most walkable and
January every year to mark the contribution of the environment friendly.
overseas Indian community in the development of ➢ The Indian High Commission has organized the “Art
India and also commemorates the return of Mahatma Exhibition” in Dhaka, Bangladesh to commemorate
the 150th birth anniversary of Mahatma Gandhi.
Gandhi from South Africa to India on 9 January 1915.
➢ The submarine cable works on laying between
➢ World Hindi Day is celebrated globally on 10th Chennai to Port Blair (Andaman and Nicobar
January every year. Islands) covering a distance of 1,450 kilometres
begins.
Obituaries Science and Technology
➢ Veteran Odia filmmaker Manmohan Mohapatra ➢ ISRO Chairman announced that the Indian Space
passed away. He was considered as the ‘Father of New Research Organisation (ISRO) will establish a 2nd
launch port in Thoothukodi district in Tamil Nadu.
Wave Odia Cinema’ and won eight national awards ➢ ISRO will launch GSAT-30 satellite onboard Ariane-5
consecutively for ‘Best Feature Odia film’. launch vehicle (VA 251) from French Guiana on
➢ Eminent Assamese dramatist, litterateur and social January 17, 2020.
activist Ratna Ojha passed away.
➢ The Nationalist Democratic Progressive Party (NDPP)
leader and Nagaland Assembly Speaker Vikho-o
Yhoshu passed away.
➢ Former Governor of Karnataka T N Chaturvedi
passed away.
➢ Veteran Odissi Danseuse & Padma Shri awardee
Minati Mishra passed away.
➢ The longest serving ruler of Oman Sultan Qaboos
bin Said passed away. He was ruling Oman since
1970.