Daily GK Updates: 27th September 2020

“World Tourism Day 2020: Theme, Facts And Livelihoods Amid COVID-19”.

  • The theme of World Tourism Day this year is “Tourism and Rural Development”.
  • It encourages the celebration of the unique role played by tourism in job creation in small towns and rural areas.
  • Travel and tourism is one of the worst-hit sectors amid the pandemic-forced sudden lockdown earlier this year. Tourism-dependent states across India like Uttarakhand, Himachal Pradesh, Kerala among others have opened up the tourism sector and relaxed Covid rules for tourists.
  • “Tourism is a lifeline, offering young people a chance to earn a living without having to migrate,” according to the World Tourism Organization, A United Nations Specialized Agency (UNWTO).

Source: NDTV

“Mohamed Hussein Roble appointed as new Prime Minister of Somalia”.

  • President of Somalia, Mohamed Abdullahi Mohamed has appointed Mohamed Hussein Roble as the new Prime Minister of Somalia.
  • He will replace former Prime Minister Hassan Ali Khaire, who was voted out of office by parliament in July for failing to pave the way for fully democratic elections due before February 2021.
  • All the 215 MP’s who attended the session chaired by President Farmaajo voted in support of the appointment of Hussein Roble as PM.

Source: Dailyhunt

“India & Israel to co-develop hi-tech weapon systems”.

  • India and Israel now plan to further crank up their already expansive defence partnership by going in more co-development and co-production projects of high-tech weapon systems and exporting them to other friendly countries.
  • A new sub-group to promote such joint projects, under the overarching joint working group on defence cooperation headed by Indian defence secretary and his Israeli counterpart, was set up on Thursday.
  • The main focus of the sub-working group (SWG) on defence industrial cooperation will be on transfer of technology, co-development and co-production, technology security, Artificial Intelligence, innovation and joint export to third countries.

Source: Times of India

“Noted Economist Dr Isher Judge Ahluwalia, Padma Bhushan, Dies”.

  • Noted economist Dr Isher Judge Ahluwalia, a recipient of the third-highest civilian award Padma Bhushan, died today.
  • Dr Isher Ahluwalia was married to Montek Singh Ahluwalia, the ex-deputy chairman of the Planning Commission. She was awarded Padma Bhushan in 2009 for her services in the field of education and literature. She was 74.
  • She was the chairperson of Delhi-based think tank Indian Council for Research on International Economic Relations (ICRIER).

Source: NDTV

“Former Union minister Jaswant Singh passes away at 82”.

  • Jaswant Singh dead: A former officer of the Indian Army, Singh had contested the 2014 Lok Sabha elections as an Independent candidate from Barmer district in Rajasthan after he did not get a BJP ticket. He lost to Colonel Sona Ram of the BJP.
  • In coma for the last six years, former defence minister Jaswant Singhpassed away on Sunday. He was 82. In 2014, he was admitted to the Army (Research and Referral) Hospital in Delhi following a severe head injury at his residence.
  • “It is with profound grief that we inform about the sad demise of Hon’ble Major Jaswant Singh (Retd), former Cabinet Minister of Government of India at 0655 hours on 27 September 2020. He was admitted on 25 Jun 2020 and being treated for Sepsis with Multiorgan Dysfunction Syndrome and effects of Severe Head Injury old (Optd) had a Cardiac arrest this morning,” the hospital said in a statement.

Source: Indian Express

“IIT Madras Develops ‘MOUSHIK’ Microprocessor For IoT Devices”.

  • Indian Institute of Technology (IIT) Madras Researchers have booted up ‘MOUSHIK,’ an indigenously-made Microprocessor, that can cater to the rapidly-growing IoT devices, an integral part of Smart Cities of a Digital India.
  • MOUSHIK is a processor cum ‘system on chip’ which has been conceptualized, designed and developed at the Pratap Subrahmanyam Centre for Digital Intelligence and Secure Hardware Architecture (PS-CDISHA) of the RISE Group, Department of Computer Science and Engineering, IIT Madras. The Project is funded by the Ministry of Electronics and Information Technology, Government of India.
  • MOUSHIK is an Indigenous RISC-V Microprocessor and is the third chip of the SHAKTI family, all of which were conceptualized and developed by this Centre and were first time ‘silicon successes.’
  • The Field Applications of ‘MOUSHIK’ include:
    • Smart cards including Credit cards, ID Cards, Debit cards, Travel Cards for Metros and Driving Licenses
    • Electronic Voting Machines (EVMs)
    • Office Management Systems including Attendance, surveillance cameras and safe locks
    • Personalized Health Management Systems
    • Consumer Electronics including but not restricted to Washing Machines and Water pump monitoring systems

Source: NDTV

“India signs MoU with Denmark on Intellectual Property cooperation”.

  • Union Ministry of Commerce and Industrysigned a Memorandum of Understanding (MoU) in the field of Intellectual Property cooperation with Denmark‘s Danish Patent and Trademark Office.
  • According to an official release, the Union Cabinet in its meeting dated September 15, 2020 gave the approval for signing the MoU with Denmark in the field of Intellectual Property (IP) cooperation.
  • The MoU aims at increasing IP co-operation between the two countries by way of exchange of best practices, experiences and knowledge on IP awareness among public, authorities, businesses and research and educational institutions of both countries.
  • The memorandum also focuses on the “exchange of information and best practices on processes for disposal of applications for patents, trademarks, industrial designs and Geographical Indications, as also the protection, enforcement and use of IP rights.”
  • According to the release, the two sides will draw up the biennial work plan to implement the MoU, which will include the detailed planning for carrying out of the co-operation activities, including the scope of action.

Source: Economic Times

“Positive pay system for cheque payments to come into effect from January 1, 2021: RBI”.

  • In order to check banking fraud, the Reserve Bank of Indiahas decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.
  • Availing of this facility would be at the discretion of the account holder. However, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.
  • Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank.
  • The National Payments Corporation of India (NPCI) will develop the facility of positive pay in CTS and make it available to participant banks.
  • The positive pay system will be implemented from January 1, the central bank said.

Source: Economic Times

“IRDAI identifies LIC, GIC, New India Assurance systemically important insurers”.

  • Insurance regulator IRDAI has identified life insurance behemoth LIC, reinsurer GIC and non-life insurer NIA as domestic systemically important insurers (D-SIIs) and said that these companies will now be subject to higher standards of regulatory supervision.
  • Additionally, these companies have also been asked to improve their corporate governance and risk management cultures as their size, market importance and domestic and global interconnectedness could cause “significant dislocation in the financial system” in an event of distress or failure.
  • “D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF),” the insurance regulator said in a statement on Friday.
  • These companies were identified after the regulator analyzed various parameters such as the size of the operations in revenue and premium terms, global activities and counterparty interconnectedness.
  • The three companies – which are market leaders in their respective domains of operations – have been asked to “raise the level of corporate governance” and “identify all relevant risk and promote a sound risk management culture.”

Source: Economic Times

“ADB approves Rs 2,200 crore loan to develop Rajasthan’s secondary towns”.

 

  • The Asian Development Bank (ADB) has approved a 300 million dollar (about Rs 2,200 crore) loan to finance inclusive water supply and sanitation infrastructure and services in secondary towns of
  • The project is expected to build citywide access for improved water supply services for about 5.7 lakh people and enhanced sanitation services for about 7.2 lakh people in at least 14 secondary towns. These localities have 20,000 to one lakh residents.
  • “Partnership with ADB helps ensure a longer-term policy dialogue on deepening financial sustainability and institutional strengthening, particularly in local governments, and introduces new good practices,” said ADB Senior Urban Development Specialist for South Asia Na Won Kim.
  • “Specifically, ADB will help ensure that the project incorporates practical lessons and innovations. The use of smart technologies and a cost-effective system are the key innovative features that could be widely replicated in other cities in Rajasthan and beyond,” she said in a statement.
  • Through the project, water supply systems in at least eight project towns are expected to improve by 2027 with about one lakh households including all urban poor households benefiting from five new or rehabilitated water treatment plants and 1,350 km of distribution networks.

Source: Business-standard