Daily GK Update: 9th September 2020

“World’s first floating Apple store to open in Singapore”.

  • Apple on Monday unveiled its first floating Apple store on the waters of Marina Bay in Singapore, describing it as the iPhone-maker’s most ambitious retail project.
  • The store Apple Marina Bay Sands opens to visitors on Thursday, September 10.
  • The store is surrounded by water, and its glass dome offers a 360-degree panoramic view of the city.
  • Apple said that the sphere is a first-of-its-kind, comprised of 114 pieces of glasses with only 10 narrow vertical mullions for structural connection.

Source: The Hindu

 “State of Young Child in India Report released by Vice President Venkaiah Naidu”.

  • Vice President Venkaiah Naidu released the “State of Young Child in India” report.
  • The report was prepared by the Mobile Creches, a policy advocacy organization.
  • The report measured Health and Nutrition in the country.
  • The report framed in two indices namely
    • Young Child Outcome Index
    • Young Child Environment Index
  • There are 159 million children aged below 6 years in India. Of these, 21% are undernourished, 36% are underweight and 38% do not receive full immunization.

 Source: GK Today

“Coronavirus| Indian economy to contract 10.5%, says Fitch Ratings”.

  • Fitch Ratings slashed India’s FY21 growth projection to -10.5%, from -5% estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity.
  • In the first quarter of current fiscal, India’s gross domestic product (GDP) contracted by a massive 23.9%.
  • Fitch said India recorded one of the sharpest GDP contractions in the world in the April-June quarter, but noted that growth should rebound strongly in the July-September period amid re-opening of the economy.

Source: The Hindu

“ADB, government ink $500 mn loan pact for Delhi-Meerut Regional Rapid Transit corridor”.

  • The government has signed a USD 500-million loan agreement with the Asian Development Bankfor funding the 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, the mutlilateral funding agency .
  • “The Asian Development Bank (ADB) and the Government of India today signed a USD 500 million loan, the first tranche of a total USD 1 billion facility, to build a modern, high-speed 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR),” ADBsaid in release.
  • The signatories to the loan agreement for the Delhi-Meerut RRTS Investment Project were Sameer Kumar Khare, additional secretary (Fund Bank and ADB) of Department of Economic Affairs, and Kenichi Yokoyama, country director of ADB’s India Resident Mission.

Source: The Economic Times

“US $82 million loan for Himachal road infrastructure development”.

  • The Himachal Pradesh State Roads Transformation project serves to improve the condition, safety, resilience and engineering standards of the state road network.
  • The economic growth of any region is closely linked to its road infrastructure. Providing a fillip to this prospect for growth, the central government, the government of Himachal Pradesh and the World Bankhave signed a US$ 82 million loan for the implementation of Himachal Pradesh State Roads Transformation Project.
  • The US$ 82 million loan from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 15 years including a grace period of 5 years.
  • A third of the maintenance contracts under the project will be awarded to women-led Self-Help Groups (SHGs).

Source: The Economic Times

 “Pioneering radio astronomer Govind Swarup passes away”.

  • Eminent scientist and one of the trailblazers of radio astronomy in India, prof. Govind Swarup, passed away late on Monday at a private hospital in Pune. He was 91.
  • He was the founding director of Pune- based National Centre for Radio Astrophysics of Tata Institute of Funamental Research.
  • Swarup, widely acknowledged as the ‘doyen of Indian radio astronomy’ in India, was the founding director of the Pune-based National Centre for Radio Astrophysics (NCRA) of the Tata Institute of Fundamental Research.

Source: The Hindu

“Aditya Birla Idea Payments Bank ceased to be banking company: RBI”.

  • Aditya Birla Idea Payments Bank has ceased to be a banking company within the meaning of the Banking Regulation Act, the Reserve Bank.
  • In November last year, the RBI had said that Aditya Birla Idea Payments Bank was headed for liquidation after the company’s application for voluntary winding up.
  • “We advise that the ‘Aditya Birla Idea Payments Bank Limited’ has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949with effect from July 28, 2020”.
  • The decision to shut operations by the Aditya Birla Idea Payments Bankwas taken due to unanticipated developments in the business landscape which have made the economic model unviable, a regulatory filing by the Vodafone Idea Limited had said in July last year.

Source: Times of India

“Oscar- winning Czech director Jiri Menzel dies at 82”.

 

  • Influential Czech director Jiri Menzel, whose 1966 movie “Closely Watched Trains” won the Academy Award for best foreign-language film, has died at age 82
  • Menzel was part of the Czech New Wave of filmmakers of the 1960s that included “One Flew Over the Cuckoo’s Nest” and ”Amadeus” director Milos Forman and avant-garde director Vera Chytilova.
  • Menzel gained fame for “Closely Watched Trains,” the coming-of-age story of a young train dispatcher in German-occupied Czechoslovakia during World War Two.

Source: The Hindu

“CIPET to soon set up 2 new skilling centres in Bhagalpur, Varanasi”.

  • The Central Institute of Petrochemicals Engineering and Technology will soon set up new centres for skilling and technical support at Bhagalpur and Varanasi, said by Chemicals and Fertilisers Ministry.
  • Chemicals and Petrochemicals Department Secretary R K Chaturvedi said that around 1,000 youths will be trained in each centre every year through diploma and skill development programmes for gainful employment in petrochemicals and allied industries.
  • The technical support services offered by these centres — Bhagalpur (Bihar) and Varanasi (Uttar Pradesh) — will act as a catalyst for the development and growth of new and existing industries in the region, he said.
  • Presently, the CIPET (Central Institute of Petrochemicals Engineering and Technology) has 43 operational centres and nine more centres are in the process of establishment across the country catering to the needs of Polymer and allied industries.

Source: Hindustan Times

“Organic Food Processing Unit inaugurated in Uttar Pradesh.”.

  • Harsimrat Kaur Badal, Union Minister for Food Processing Industries, inaugurated Organic Food Processing Unit in Uttar Pradesh.
  • With the inauguration of this food processing unit, 5000 farmers will be benefitted and it is expected to leverage an investment of Rs 50.33 crores.
  • The unit namely M/s Organic India Pvt. Ltd is likely to generate direct employment of 100 and indirect employment of 250 persons.
  • M/s Organic India Pvt. Ltd is set up with total cost of Rs. 55.13 crores.
  • A processing capacity of 3 MT per day has been created and the unit will process agro produce worth Rs 350 crores.

Source: Dailyhunt