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GKToday Updates : 24 October 2020 Daily Current Affairs
1. PM Modi to inaugurate three projects including ‘Kisan Suryodaya Yojana’ in Gujarat today
- Prime Minister Narendra Modi will virtually inaugurate three key projects in Gujarat today.
- On the occasion, he will launch the Kisan Suryodaya Yojana for the farmers of Gujarat.
- He will inaugurate the Paediatric Heart Hospital attached with UN Mehta Institute of Cardiology and Research Centre and a Mobile Application for tele-cardiology at the Ahmedabad Civil Hospital in Ahmedabad.
- Mr Modi will also inaugurate the Ropeway at Girnar on the occasion.
2. India assumes Chairmanship of Governing Body of ILO after 35 years
- India has assumed the Chairmanship of the Governing Body of International Labour Organization, ILO after 35 years. It marks a new chapter in the 100 years of productive relationship between India and ILO.
- Labour and Employment Secretary, Apurva Chandra, has been elected as the Chairperson of the Governing Body of the ILO for the period October 2020- June 2021.
- The Governing Body is the apex executive body of the ILO which decides policies, programmes, agenda, budget and elects the Director-General.
- Mr Chandra will be presiding over the upcoming meeting of the Governing Body to be held next month. At Geneva, he would have the opportunity to interact with the senior officials and social partners of the member states.
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The International Labour Organization is a United Nations agency whose mandate is to advance social and economic justice through setting international labour standards.
Headquarters: Geneva, Switzerland
3. Finance Ministry releases Rs. 6,000 crore to states to address shortfall in GST revenue
- The Central Government borrowed and transferred six thousand crore rupees as first tranche to 16 States and two Union Territories.
- They are Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, Delhi and Jammu and Kashmir.
- Ministry of Finance in a statement said that the borrowing is at an interest rate of 5.19 percent. The tenor of borrowing is expected to be broadly in the range of 3 to 5 years.
- It is intended to make weekly releases of six thousand crore rupees to the States.
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The Government has evolved a special borrowing window to address the shortfall in the GST collection during the year 2020 – 2021. 21 States and two Union Territories opted for this special window involving back-to-back borrowing coordinated by the Ministry of Finance.
4. Tamil Nadu Government Launches Smart Black Board Scheme in 80,000 Govt schools
- The state government of Tamil Nadu has launched the Smart Black Board scheme in 80,000 government schools of the state.
- The initiative aims to ensure better teaching environment as well as lead towards Digital India and Atmanirbhar Bharat.
- Under this Smart Black Board scheme, audio visual teaching material would be possible, that can even be fed into the computer screens in classes using widely available pen drives.
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TN Capital: Chennai; Chief Minister: Edappadi K. Palaniswami
5. Pakistan to remain in grey list of global terror financing watchdog- FATF till February 2021
- Pakistan will remain on the grey list of global terror financing watchdog, Financial Action Task Force (FATF) as it has not been able to fulfil six out of the 27 mandates to check terror funding. The decision was announced by the President of FATF Marcus Pleyer.
- The FATF strongly urged Pakistan to swiftly complete its full action plan by February 2021. It said, Pakistan needs to do more to check terror funding, adding that the 6 items which Pakistan is yet to address are serious deficiencies.
- The implementation plan to curb money laundering and terror financing was supposed to be put in place by the end of 2019. However, the deadline was extended in the wake of COVID pandemic.
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The FATF is an inter-governmental body set up in 1989 to combat money laundering, terror financing and other related threats to the international financial system. It currently has 39 members.