Daily GK Update: 8th July 2020

“Ola joins PhonePe to boost its digital payments experience”

  • Ride-hailing major Ola on Monday announced its strategic partnership with PhonePe to enhance its digital payments experience for its customers.
  • Ola users can now access experience on the Ola app.
  • Currently, the feature has been rolled out on Android and will be available on iOS soon.
  • This partnership will also enable PhonePe to offer their services to millions of customers on the Ola platform.

Source: The Economic Times

“KVB to distibute Star Health products”

  • Private sector lender Karur Vysya Bank (KVB) has entered into an arrangement with Star Health & Allied Insurance .
  • Under which it will distribute the latter’s health insurance products across its branches.
  • “As the first standalone health insurance company in India, they bring a lot of value with their products. We are sure that they will provide both cost-effective insurance products and quick settlement of claims to our customers,” said J. Natarajan, president and chief operating officer, Karur Vysya Bank.
  • “The COVID-19 pandemic has brought to the fore the need for a health insurance cover for all. We have tied up with Karur Vysya Bank to offer a wide variety of need-based health insurance policies for the bank’s customers,” said Anand Roy, MD, Star Health and Allied Insurance Co. Ltd.

Source: The Hindu

“Fifteenth Finance Commission’s high level group on health to work with World Bank on recommendations for health sector”

  • The 15th Finance Commission’s (FC) high level group (HLG) on health will work with the World Bank (WB) to assist the FC in its recommendations for the health sector.
  • Given its importance in the context of the pandemic, NK Singh, chairman of the Finance Commission, said for the first time the commission’s final report would contain an entire chapter devoted to healthcare financing.
  • The Finance Commission called for the meeting in light of the government’s need to reprioritise its health spending, as per the release.
  • According to Junaid Ahmad, country director for India, the states would be central in implementation of any health programs and the World Bank would provide state-wise customised healthcare solutions.

Source: The Economic Times

“PM to unveil Asia’s largest solar plant in MP on July 10: Shivraj Singh Chouhan”

  • Prime Minister Narendra Modi will dedicate to the nation Asia’s largest 750 MW Rewa ultra mega solar plant in Madhya Pradesh.
  • He will do this via video conferencing on July 10, Chief Minister Shivraj Singh Chouhan said in Delhi on Sunday.
  • A state government release also quoted that Chouhan has met Union minister of state for energy R K Singh at his residence in the national capital.
  • And also urged him to attend the inauguration programme.

Source: The Economic Times

“Green recovery occupies Centre stage at the virtual Climate Action Ministerial”

  • The fourth edition of the meeting was attended by Ministers and representatives of about 30 countries and was held virtually for the first time in view of the ongoing pandemic.
  • The purpose was to ensure that progress is made on climate action.
  • The fourth edition of the virtual Ministerial on Climate Action witnessed countries exchanging views on how countries are aligning economic recovery plans with the Paris Agreement and the critical enabling conditions to ensure continued climate action.
  • The meeting was co-chaired by European Union, China and Canada to advance discussions on the full implementation of the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC) and to demonstrate continued political commitment to global climate action.

Source: DD News

“Earl Cameron, ‘Britain’s first black film star’, dies aged 102”

  • Earl Cameron, who with his debut role in the 1951 film Pool of London, became one of the first significant black actors in British cinema, has died aged 102.
  • Cameron’s significance to the current generation of black British actors was underlined by tributes on social media.
  • David Harewood described him as “a total legend”.
  • Bermudian-born actor rose to prominence in the 1950s in films such as Pool of London and Sapphire, as well as appearing in the 007 film Thunderball.

Source: The Guardian

“World Bank, government of India sign $750 mn agreement to support MSMEs amid Covid-19 crisis”

  • The World Bank and the central government has signed an agreement worth $750 million to boost the flow of finance to micro, small, and medium enterprises (MSMEs) amid the Covid-19 crisis, the Ministry of Finance stated.
  • The agreement is for the MSME Emergency Response Programme which will provide increased financial support to the MSMEs that have borne the impact of the coronavirus crisis in the past few months.
  • On the behalf on the Government of India, the agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance and Junaid Ahmad, Country Director, India on behalf of the World Bank.
  • The agreement is for the MSME Emergency Response Programme which will provide increased financial support to the MSMEs that have borne the impact of the coronavirus crisis.

Source: Hindustan Times

“Bangladesh govt launches ‘Digital Haat’ for sacrificial animals before Eid-Ul-Azha”

  • The government of Bangladesh has launched a ‘Digital Haat’ for online sale and purchase of sacrificial animals ahead of the festival of Eid-Ul-Azha.
  • Announcing this on Tuesday, the State Minister of ICT Division Zunaid Ahmed Palak told the official news agency BSS that the initiative has been taken to save the cattle farmers and traders from financial loss amid the Corona pandemic and also to stop further transmission of the infection in the country.
  • He urged people interested in buying and selling of the sacrificial animals to register over this platform.
  • The Minister said that this is going to be the country’s biggest digital haat.

Source: DD News

“2017 sustainable development goals index: India ranked 117 of 157 countries”

  • India is ranked 116 out of 157 nations on a global index that assesses the performance of countries towards achieving the ambitious sustainable development goals (SDGs).
  • India is ranked 116th on the index with a score of 58.1, behind countries such as Nepal, Iran, Sri Lanka, Bhutan and China. Pakistan is ranked 122.
  • The report said that the countries which are closest to fulfilling the goals are not the biggest economies but comparably small, developed countries.
  • Sweden leads the list, followed by Denmark and Finland.

Source: Business Standard

“’Vriksharopan Mahakumbh’ launched with target to plant 22 cr saplings in UP”

  • Uttar Pradesh Chief Minister Yogi Adityanath on Friday launched “Vriksharopan Mahakumbh”.
  • He aimed at planting a record of 22 crore saplings in the state to mark the 77th anniversary of the Quit India Movement.
  • The chief minister launched the drive by planting a sapling in Jaitikheda here in the morning.
  • Uttar Pradesh Governor Anandi Ben Patel will also take part in the drive and plant saplings at Ganga forest in Kasganj.

Source: Business Standard