Current Affairs – 17 September 2020

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NATIONAL PAWPAW DAY –  On this day, 3rd Thursday in September provides a taste of the great (forgotten) American fruit. Take a bite out of a creamy mango-banana flavored pawpaw to celebrate! Despite their tropical taste and appearance, many pawpaws grow natively in the USs. With over 60 varieties of pawpaw to choose from, the fruit’s character changes slightly in each one.

Top One-Line Headlines

INDIA

  • Rajya Sabha: Opposition slams government on lockdown, Covid deaths
  • Govt must send farm bills to the parliamentary standing committee: Bhartiya Kisan Sangh
  • Labour minister Gangwar clarifies his response on migrant workers in Parliament

WORLD

  • Global recession not as deep as expected: OECD
  • Survey: Trump making dent in Indian-American vote bank; majority still support Biden

ECONOMY

  • Govt may defer levying import duty on display assembly for a year
  • Q1 growth fell on decline in all sectors except agri: Govt informs Parliament
  • Lok Sabha passes legislation to bring cooperative banks under RBI’s supervision
  • Govt has no intentions of discontinuing 2G mobile services: Union MoS Sanjay Dhotre

INDUSTRY

  • IndoSpace acquires 135 acre in Gurugram for Rs 280 crore, to develop logistic park
  • Digital ad spends on IPL to go up by atleast 20 percent this year: Advertisers
  • India to organize world’s largest virtual fair for textiles
  • Asia’s oil giants are planning for a future with less crude, more hydrogen

CURRENT AFFAIRS: INDIA

Current Affairs – 17 September 2020 1

Legacy and Contribution of Dr Kapila Vatsyayan to Indian Cultural Research

  • Dr Kapila Vatsyayan who was a Leading scholar of Indian classical dance, art, architecture and art history passed away on September 16, 2020 at the age of 92.
  • Dr kapila Vatsyayan –
    • She was born in Delhi. Ram Lal was her father and Satyawati Malik was her mother.
    • She married to the Hindi Writer S.H. Vatsyayan ‘Ajneya’. However, later they got separated.
    • She wrote many books including,
    1. The Square & the Circle of Indian Arts in 1997
    2. Bharata: The Natya Sastra in 1996 and
    3. Matralaksanam in 1988.

India becomes observer of Djibouti Code of Conduct

  • Following the high-level virtual meeting of the 18-member Djibouti Code of Conduct/Jeddah Amendment, India has joined the grouping as an observer. The grouping was set up in January 2009 to address the issue of piracy and armed robbery against ships in the Western Indian Ocean region, Gulf of Aden and the Red Sea.

CURRENT AFFAIRS: INTERNATIONAL

Current Affairs – 17 September 2020 2

India-China trade deficit in April-June fell to $5.48 billion

  • The bilateral trade between the countries have also declined to $16.55 million during the same period as against $21.42 billion in the same period last year. Currently there are approximately 550 products under the restricted/prohibited category for imports under the Foreign Trade Policy. These imports are restricted from all countries, including China.
ChinaCountry in East Asia
Official languageMandarin
CapitalBeijing

Rise in African swine fever cases in wild boars in Germany

  • With the growing number of wild boars getting infected with African swine fever in Germany, many countries have banned pork imports. Top buyers like China, South Korea and Japan have banned the imports from the EU’s top pork producer despite lack of infections among farm animals.

CURRENT AFFAIRS: DEFENSE

Current Affairs – 17 September 2020 3

India-US Defence Technology and Trade Initiative (DTTI) group meeting organised virtually

  • Tenth Defence Technology and Trade Initiative (DTTI) Group meeting was held virtually today, September 16, 2020. The meeting between India-US is held twice a year usually. This year, the group meeting was held virtually amid the COVID- 19 Pandemic.

CURRENT AFFAIRS: BUSINESS

Current Affairs – 17 September 2020 4

Hikes, hirings & a visa workaround: Three cheers for Infosys amid Covid gloom

  • Despite an uncertain business environment, Infosys NSE has begun to get things moving on salary hikes and promotions, CEO Salil Parekh told ET Now in an interview.
  • Plans are also afoot to start massive recruitments in many parts of the world including in India soon, he said.The software major had frozen hikes and promotion in April for over half of its 2.4 lakh employees amid the unprecedented Covid turmoil.
  • While suspending hikes and promotions, Infosys had said that it would honour the job offers already extended. Keeping that commitment, the company has now begun on boarding fresher in the June-September quarter.

CURRENT AFFAIRS: ECONOMY

Current Affairs – 17 September 2020 5

Lok Sabha passes legislation to bring cooperative banks under RBI’s supervision

  • The Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020 which seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI) to improve their governance and protect depositors’ money while empowering the banking regulator to prepare a restructuring or amalgamation scheme for a struggling bank without first placing it under a moratorium.
  • The bill replaces the ordinance that was promulgated on June 26.
  • Replying to the debate on the bill in the house, finance minister Nirmala Sitharaman said the legislation was for depositors’ safety and not for undermining the powers of the Registrar of Cooperative Societies.
Lok SabhaGoverning Body
Seats543
Founded17 April 1952
Leader of the HouseNarendra Modi, BJP; since 26 May 2014

Heavy Rains Forecast Raised Concerns for Kharif Crops

  • Heavy rains forecast across the central and western regions have raised the fears of crop losses in the last week of September. This year, the retreating monsoon is expected to pick up in most parts of India with heavy rainfall  in the farming belts.

RBI Issues Draft on Rupee Interest Rate (IR) Derivatives Directions 2020

  • The Reserve Bank have proposed to allow foreign portfolio investors (FPIs) to undertake the rupee interest rate derivatives which is subject to a ceiling of ₹5,000 crore. These directions aim to encourage high non-resident participation, to enhance the role of domestic market makers in the other market, to improve transparency and to achieve better regulatory oversight.
RBI GovernorShaktikanta Das
HeadquartersMumbai
FounderBritish Raj
FoundedApril 1, 1935, Kolkata