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GKToday Updates : 15 October 2020 Daily Current Affairs

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GKToday Updates : 15 October 2020 Daily Current Affairs

 

1. Union Cabinet approves World Bank-aided STARS project

  • The Union Cabinet has approved implementation of the World Bank-aided Strengthening Teaching-Learning and Results for States -STARS project.
  • The project seeks to support the states in implementing, developing, evaluating and improving interventions with direct linkages to improve quality of education.
  • The total project cost is estimated to be around Rs. 5,718 crore, out of which the financial support from World Bank will amount to  USD 500 million (approximately Rs. 3700 crore).
  • The project will cover six states- Rajasthan, Madhya Pradesh, Himachal Pradesh, Maharashtra, Odisha and Kerala.

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The World Bank is an international financial institution that provides loans and grants to the governments of low and middle income countries for the purpose of pursuing capital projects.

Headquarters: Washington, D.C. United States; President: David Malpass

 

2. PM Modi to release commemorative Rs 75 coin to mark 75th Anniversary of FAO

  • Prime Minister Narendra Modi will release a commemorative coin of 75 rupees denomination to mark the 75th Anniversary of Food and Agriculture Organization (FAO) tomorrow.
  • On this occasion, PM will also dedicate 17 recently developed biofortified varieties of eight crops to the nation.
  • The event will be witnessed by Anganwadis, Krishi Vigyan Kendras, Organic and Horticulture Missions across the country.

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FAO is a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security.

 

3. India gets re-elected as President of International Solar Alliance

  • India has been re-elected as the President of the International Solar Alliance (ISA) and France as the Co- President for a term of two years.
  • This was decided during the virtual meeting of third assembly of the International Solar Alliance attended by 34 ISA members today. Four new Vice-Presidents were also chosen to represent the four regions of ISA.
  • The assembly also approved the initiatives of the ISA Secretariat in institutionalizing ISA’s engagement with the private and public corporate sector through the Coalition for Sustainable Climate Action.

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The International Solar Alliance is an alliance of 121 countries initiated by India with its headquarter in Gurugram.

Founded: 30th November 2015

 

4. IMF projects Indian economy to contract by 10.3% in 2020

  • The International Monetary Fund (IMF) projected India’s gross domestic product (GDP) to plunge in FY21 by 10.3%, revised down since its June forecast of 4.5% drop.
  • However, India is likely to bounce back with an impressive 8.8% per cent growth rate in 2021, says IMF
  • In its biannual World Economic Outlook, IMF said all emerging market and developing economy regions are expected to contract this year.
  • Global growth may see less severe contraction at -4.4% in 2020 than what they predict in June (-5.2%).

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The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty.

Managing Director: Kristalina Georgieva; Chief Economist: Gita Gopinath

 

5. India contributes 1 million dollars to UNRWA for Palestine Refugees

  • India has contributed one million dollars to the United Nations Relief and Works Agency (UNRWA) for Palestine Refugees in Near East.
  • This aid will support the Agency’s programmes and services, including education, health care, relief and social services.
  • The Representative Office of India in Ramallah said, India’s support for the Palestinian cause is an integral part of the nation’s foreign policy.
  • It shall continue supporting the UNRWA’s activities in providing vital services and necessary humanitarian aid to Palestinian refugees.

 

6. Anti-pollution measures under GRAP to come into force in Delhi-NCR region

  • Anti-pollution measures under the Graded Response Action Plan (GRAP) will come into force today in the Delhi-NCR region.
  • Delhi Government has banned use of electricity generators, except those needed for essential or emergency services, in the national capital.
  • The Delhi Pollution Control Committee (DPCC) also directed power companies to ensure an uninterrupted power supply to the consumers.
  • The EPCA had earlier directed that large construction projects, including highways and metro, will have to provide undertakings to State Pollution Control Boards and Pollution Control Committees that they will assure adherence to the prescribed norms for dust management.
  • It also said, industries, particularly in the Red and Orange category, will provide an undertaking that they will use only authorized fuel and will not operate without adequate pollution control measures.

 
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