Daily GK Update: 19th September 2020
“Chef Vikas Khanna honoured with Asia Game Changer award for feeding millions in India amid Covid crisis”.
- Michelin-star chef Vikas Khanna will be honoured with the prestigious 2020 Asia Game Changer Award for feeding millions across India amid the COVID-19 pandemic through a massive food distribution drive that he coordinated from thousands of miles away in his Manhattan home.
- The Asia Game Changer Awards, launched by the Asia Society — a US-based non-profit organisation — in 2014, identify and honour true leaders who make a positive contribution to the future of Asia.
- Khanna is the only Indian among the six honourees named by the leading organisation on Wednesday.
- Khanna is being honoured “for dropping everything to feed millions in India at a time of great need and suffering”.
Source: Economic Times
“India ranks 116 in World Bank’s annual Human Capital Index”.
- In the latest edition of the World Bank’s annual Human Capital Index, India has been ranked at 116th position.
- The index benchmarks the key components of human capital across countries.
- However, as per the released Human Capital index Report, India’s score has increased to 0.49 from 0.44 in 2018.
- The 2020 Human Capital Index Update has included education and health data for 174 countries- up to March 2020.
- In 2019, India had raised serious reservations over the Human Capital Index, wherein it was ranked 115 out of 157 countries. In 2020, India finds itself at 116th among 174 countries.
- As per the bank, the Human Capital Index provides a basis on which the Indian Government can prioritize and a dimension to support the human capital.
Source: Jagran Josh
“Gujarat CM announces scheme to give interest-free loans to women’s groups”.
- Chief Minister Vijay Rupani on Sunday announced Mukhyamantri Mahila Utkarsh Yojana (MMUY) — a scheme of providing interest-free loans to women’s groups in the state – to be launched on September 17, birthday of Prime Minister Narendra Modi.
- An official release said that the government is planning to provide total lending up to Rs 1,000 crore to these groups to be registered as joint liability and earning group (JLEG).
- The release said that in the post-Covid socio-economic life style of the state, the government is committed to have women play a key role.
- Under the MMUY, 50,000 JLEGs will be formed in urban areas. Similarly, 50,000 such groups will also be formed in rural areas.
Source: Indian Express
“ICICI Home Finance launches home loan scheme for skilled workers in Delhi”.
- ICICI Home Finance on Wednesday said it has launched a new loan scheme ‘Apna Ghar Dreamz’, with credit amount in the range of Rs 2 lakh to 50 lakh, for skilled workers employed in the informal sector in Delhi.
- The scheme is meant for skilled workers such as carpenters, plumbers, electricians, tailors, painters, welders, auto mechanics, manufacturing machine operators, computer mechanics, RO repair technicians, small and medium business owners and grocery store owners in the city, the company said in a release.
- The loan scheme is targeted at the informal segment of the population who wish to purchase their own home, but may not have all documents that a formal financial institution would require, ICICI Home Finance said.
- Customers seeking to avail the special 20-year tenure loan would need to provide documents such as PAN and Aadhaar details, and bank statement of past six months. The customers should have a minimum account balance of Rs 1,500 for loan up to 5 lakh and Rs 3,000 for loan above 5 lakh.
- “At ICICI Home Finance, we aim to offer loans to the hard-working professionals in the informal sector of the economy and local business people to fulfil their dream of owning their ‘Apna Ghar’.
Source: Financial Express
“Karnataka Govt launches “Arthika Spandana” loan disbursal programme”.
- Karnataka Chief Minister, S. Yediyurappa has launched the “Arthika Spandana” programme of disbursing loans to the tune of Rs 39,300 crores through various cooperative institutions.
- Under this scheme, Rs 15,300 crores would be disbursed to the agriculture sector while a sum of Rs 24,000 crores would be earmarked for the non-agricultural sector.
- The Chief Minister, who launched the programme by symbolically handing over cheques towards loans to 50 beneficiaries, hailed the cooperative institutions for helping people during the times of COVID-19 and floods.
“New Zealand Becomes First Country To Mandate Climate Risk Disclosures”.
- New Zealand has become the first country to pass legislation requiring financial firms to declare their climate-related risks.
- New Zealand minister for climate change James Shaw, hailed the passage of the law as a step towards a “cleaner, safer planet”.
- Financial firms will now be expected to comply with the framework laid down by the Task Force on Climate-related Financial Disclosures (TCFD).
- The rule will apply to banks, insurers, all listed debt and equity issuers.
Source: GK India Today
“Udit Singhal named in UN’s list of 2020 Class of Young Leaders for Sustainable Development Goals”.
- Udit Singhal, an 18-year old Indian boy has been named by the United Nations in the list of 2020 Class of Young Leaders for Sustainable Development Goals.
- It is a highest-profile recognition opportunity for the youngsters who are leading efforts on the world’s most pressing issues.
- He has been named to the 2020 Class of 17 Young Leaders for SDGs.
- Udit Singhal is the founder of Glass2Sand, a zero-waste ecosystem that has been addressing the growing problem of glass waste in Delhi.
- The 2020 Class of 17 Young Leaders included the representatives from Bangladesh, Australia, Bulgaria, Brazil, Columbia, China, Egypt, Ireland, India, Nigeria, Liberia, Senegal, Peru, Pakistan, Uganda, Turkey, and United States.
Source: Jagran Josh
“Former Mumbai cricketer Sachin Deshmukh passes away due to Covid-19”.
- Mumbai’s cricketing fraternity suffered a blow when former local cricketer Sachin Deshmukh succumbed to Covid-19, at 2.57pm at Thane’s Vedant Hospital on Tuesday. He was 52.
- In his playing days, Deshmukh made it to the Ranji Trophy squads of both Mumbai and Maharashtra but couldn’t find a place in the XI.
- Deshmukh was a superintendent of Excise and Customs in Mumbai, which is now known as GST and Customs.
- He made a unique record of scoring seven consecutive centuries, while batting for Pune University in the All-India Inter-University tournament in the 90s.
Source: Times of India
“Bandhan Bank’s emerging entrepreneurs business vertical has a new boss”.
- To spearhead Bandhan Bank’s new vertical called Emerging Entrepreneurs Business (EEB) the Bank has appointed Kumar Ashish as Executive President and Head – EEB.
- After completing five years as a universal bank and being successful in building a well-diversified loan book, Bandhan Bank‘s key focus still lies with partnering the unbanked and the underbanked in their journey of becoming entrepreneurs.
- In line with the Bank’s business strategy, a new vertical called Emerging Entrepreneurs Business (EEB) has been formed to serve the emerging and diversified needs and aspirations of this segment.
- Key takeaway is that in addition to microloans, the vertical will also manage micro home loan, micro bazaar loan and micro enterprise loan.
Source: Economic times
“Mexico issues world’s first sovereign bond”.
- Mexico has become the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations. It has raised EUR 750 million ($890 million) by such bonds. The SDG bond will mature in September 2027 and offers a yield to maturity rate of 1.603% and a coupon rate of 1.350%.
- This new bond was issued under Mexico’s new “SDG Sovereign Bond Framework,” which was released in February in partnership with French investment bank Natixis.
- This issue will aid the Mexican Government in three ways viz. strengthens budget transparency, increases earmarked spending for sustainable development programs and contributes to the development of the local and international capital markets aimed at development finance.