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Today Current Affairs for Competitive
         Exams - Current Affairs 2020-2021
                                                    Online
Blackstone set to buy Piramal Glass                        The Finance Ministry informed that banks have
                                                            sanctioned loans worth ₹2,05,563 crore to about
 Blackstone has agreed to acquire Piramal Glass,
                                                            81 lakh accounts under the ₹3-lakh crore
  the glass packaging business of the diversified
                                                            Emergency Credit Line Guarantee Scheme (ECLGS)
  Piramal Group, at an enterprise value of $1
                                                            for the MSME sector.
  billion.
                                                           40 lakh MSME accounts have received ₹1,58,626
 Blackstone will execute the deal in two tranches,
                                                            crore till Dec 4, 2020.
  as part of the agreement signed between the two
                                                           The loans provided under ECLGS 2.0 will have a
  parties.
                                                            five-year tenor, with a 12-month moratorium on
 It will first pay $850 million and assume
                                                            repayment of principal.
  ownership and management control of Piramal
  Glass.                                                  Canara Bank raises ₹2,000 crore via QIP
PSLV-C50 to launch satellite CMS-01                        Canara Bank has successfully raised ₹2,000 cr
                                                            equity capital by issuing over 19 cr shares to
 The launch of communication satellite CMS-01
                                                            eligible investors.
  onboard the Polar Satellite Launch Vehicle (PSLV-
                                                           LIC emerged as the largest investor in the bank's
  C50), is scheduled on 17 Dec'20 from the Satish
                                                            qualified institutional placement (QIP) issue.
  Dhawan Space Centre at Sriharikota.
                                                           The subcommittee of the board has approved
 CMS-01 is a communication satellite envisaged for
                                                            allotment of 19,32,36,714 equity shares to eligible
  providing services in Extended-C Band of the
                                                            qualified institutional buyers (QIBs) at an issue
  frequency spectrum.
                                                            price of ₹103.50 per equity share
 The Extended-C Band coverage will include Indian
  mainland, Andaman-Nicobar and Lakshadweep               UGC, AICTE will be merged in 2021
  Islands.
                                                           The union government will merge all the higher
AstraZeneca partners with RDIF                              education regulators including the University
                                                            Grants Commission (UGC) and All Indian Council
 AstraZeneca plc has partnered with Russia’s
                                                            for Technical Education (AICTE) to create a single
  Gamaleya Research Institute, Russian Direct
                                                            education commission in 2021.
  Investment Fund (RDIF) and R-Pharm.
                                                           Structural reform in the education sector will
 It will conduct a clinical trial to assess the safety
                                                            happen in 2021.
  and immunogenicity of a combination of their
                                                           Several reforms including the introduction of a
  respective adenovirus-vector vaccines AZD1222
                                                            single entrance test for admission will be
  and Sputnik V.
                                                            executed.
 The trial will begin enrolling adults aged 18 and
  older.                                                  ICICI Prudential's AUM cross ₹2 lakh crore
Banks sanction ₹2.05 lakh cr to MSMEs
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 ICICI Prudential Life Insurance company’s Assets        temple in Ayodhya as well as the culture, tradition
  under Management (AUM) have crossed ₹2 lakh             and art related to the temple town.
  crore in its 20th year.                                The tableaux theme for 2021 is titled 'Ayodhya:
 The company started operations 20 years ago             Cultural Heritage Uttar Pradesh'.
  with the issuance of policies to seven                 It will also exhibit a glimpse of the 'Deepotsav' in
  underprivileged children.                               Ayodhya.
 It had an AUM of approximately ₹100 crore in FY        The proposal sent from the UP government has
  2001, which grew to about ₹50,000 crore in              also been approved.
  FY2010.
                                                        Sustainable Mountain Development Summit
Julien Geffard to head Ola's EV business
                                                         The ninth edition of the Sustainable Mountain
 Ola has appointed Julien Geffard to lead                Development Summit (SMDS) in Dehradun began
  Ola's electric vehicle (EV) business in Europe.         on 11 December 2020.
 Geffard has been appointed as the Director of the      The theme for the year 2020 is Emerging
  go-to-market strategy for its electric business in      Pathways for Building a Resilient Post COVID-19
  Europe to leverage the company's plans to enter         Mountain Economy, Adaptation, Innovation and
  new markets with its soon-to-be-launched two-           Acceleration.
  wheeler EVs.                                           The summit will focus on the overall objective of
 The company plans to roll out its EV scooters in        building pathways toward a resilient and
  the first quarter of 2021.                              sustainable mountain economy.
Multiples Private Equity sells 2.17% stake              Rs 25 crore for Dajipur Sanctuary
 Multiples Private Equity has sold 12 lakh shares or    Maharashtra CM Uddhav Thackeray has
  2.17% of PVR Ltd for ₹176 crore in an open              announced that 25 crore rupees will be provided
  market transaction.                                     in the first phase for the development of Dajipur
 Multiples Private Equity Fund and Multiples             Sanctuary.
  Private Equity Fund I Ltd sold 3.07 lakh shares and    The sanctuary is part of the Radhanagari Wildlife
  8.93 lakh shares respectively at an average price       Sanctuary in Kolhapur district.
  of ₹1470 aggregating to ₹176.41 crore.                 He also directed that a plan regarding
 On the other hand, Ishana Capital bought 8.41           development of this sanctuary should be
  lakh shares of PVR Ltd for ₹124 crore.                  submitted immediately.
Central Bank of India to raise up to ₹500 cr            30th Annual Global Conclave of IISSM
 Central Bank of India will raise up to ₹500 crores     Maharashtra Governor Bhagat Singh Koshyari
  by issuing Basel III compliant bonds.                   inaugurated the 30th Annual Global Conclave of
 Central Bank of India reported over 20% rise in its     the International Institute of Security and Safety
  net profit at ₹161 crore for the second quarter         Management (IISSM) on 11 December 2020.
  that ended on 30 September 2020.                       The theme of the 2-day Conclave is ‘Covid -19 –
 The bank had posted a net profit of ₹134 crores in      From Survival to Revival: Emerging Paradigms in
  the corresponding quarter of the previous               Security and Safety Services.’
  financial year.
                                                        5th round of FOCs between India and Cyprus
UP's tableaux to showcase Ayodhya Mandir
                                                         The fifth round of Foreign Office Consultations
 At the Republic Day Parade in Delhi, the tableau        (FOCs) between India and Cyprus was held on 10
  of Uttar Pradesh will showcase the upcoming Ram         Dec 2020 through virtual mode.

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 Both sides reviewed the status of agreements and       The Paris Agreement is a landmark deal in the
  MoUs including those on defence and military            multilateral climate change process.
  cooperation, sports, culture including ayurveda        It is a legally binding international treaty on
  and agreed to work towards early finalisation of        climate change which was adopted by 196
  these agreements.                                       Parties in Paris, on 12 Dec 2015 and came into
                                                          force on 4 November 2016.
2927 Court complexes connected by WAN
                                                        Andhra Pradesh signs MoU with Survey of India
 Around 2,927 Court complexes have been
  connected so far by a high-speed Wide Area             The Andhra Pradesh government exchanged an
  Network, WAN under e-Courts Project.                    MoU with the Survey of India (SoI) for taking up
 It has led to the completion of 97.86% sites out of     the land resurvey christened ‘YSR Jagananna
  2,992 sites conceived to be connected with high-        Saswath Bhoo Hakku-Bhoo Raksha Pathakam’,
  speed WAN under the project.                           The programme will be launched on December
 Many courts under the e-Courts project are              21, 2020.
  located in far-flung areas where the terrestrial       State-of-the-art facilities such as CARS
  cable cannot be used for providing connectivity.        technology, drones, and rovers will be used for
                                                          the survey.
Durga Shanker Mishra launches a programme
                                                        International Day of Neutrality
 Housing and Urban Affairs Secretary Durga
  Shanker Mishra has launched a programme of             Every year on December 12th, the International
  Socio-Economic Profiling of PM SVANidhi                 Day of Neutrality is celebrated.
  beneficiaries and their families, as an additional     On February 2, 2017, the UN General Assembly
  component of PM SVANidhi Scheme.                        declared December 12th as the International Day
 A complete profile of each beneficiary and their        of Neutrality.
  family members will be prepared.                       The resolution was introduced by the country of
 Based on the profiled data, benefits of the various     Turkmenistan.
  eligible Central Schemes would be extended to          This country had been recognized as a
  them.                                                   permanently neutral state since December 12th,
5th India-Myanmar Bilateral Meeting                       1995.
                                                        India's first mRNA vaccine for Covid-19
 The 5th India-Myanmar Bilateral Meeting on Drug
  Control Cooperation between the Narcotics              India's first indigenous mRNA vaccine candidate
  Control Bureau, India and the Central Committee         has received approval from the Drug Controller
  on Drug Abuse Control, Myanmar was held                 General of India to initiate Phase I/II human
  virtually on 10 Dec 2020.                               clinical trial.
 Both countries agreed on the exchange of               mRNA-based vaccines are scientifically the ideal
  intelligence information in a timely manner to          choice to address a pandemic because of their
  conduct follow-up investigations in drug seizure        rapid developmental timeline
  cases.                                                 The novel mRNA vaccine candidate, HGCO19 has
 The 6th meeting will be held in India in 2021.          been developed by Genova, a company based in
PM addresses Global Climate Summit                        Pune.
                                                        Hyundai Motor buys 80% stake in a robot firm
 PM Narendra Modi addressed the Global Climate
  Summit on 12 Dec 2020 on the occasion of the           Hyundai Motor Group agreed to buy a controlling
  fifth anniversary of the landmark Paris Climate         stake in Boston Dynamics Inc. in a deal that values
  Agreement.                                              the mobile robot firm at $1.1 billion.

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 Hyundai Motor Group, along with some                     Three frog and one shark species have vanished,
  associated companies and Chairman Euisun                  and Amazonian dolphin and oak trees are
  Chung, will acquire an 80% interest in the U.S.           threatened with extinction.
  robotics company from SoftBank Group Corp.,
                                                          EU agrees on tougher climate goals for 2030
  leaving the Japanese firm with a 20% share.
                                                           EU leaders agreed to set an ambitious target to
Eric Yuan Time's Businessperson of year 2020
                                                            cut greenhouse gas emissions by 55% compared
 CEO of Zoom, video conferencing platform, Eric            to 1990 levels by 2030.
  Yuan has been named 'Businessperson of the               Europe will reduce emissions by at least 55% by
  Year' by TIME for the growth of Zoom in a                 2030.
  pandemic.                                                It puts Europe on a clear path towards climate
 He began at WebEx as a coder and soon became              neutrality in 2050.
  integral to the creation of his video-conferencing       Poland, backed by some other coal-dependent
  platform.                                                 central European countries had been holding out
 Zoom’s software was released in 2013, promoting           for guarantees on funding to pay for a clean
  a free basic service for different-size organisations     energy transition.
  along with many paid levels.
                                                          Saudi Arabia approves Pfizer-BioNTech vaccine
Rahul Dubey named as TIME's 'Heroes of 2020'
                                                           Saudi Arabia approved the use of the Pfizer-
 Indian-American Rahul Dubey, on 1 June, had               BioNTech novel coronavirus vaccine.
  opened the doors of his home in Washington, DC,          It has become the second Gulf country after
  to over 70 protesters who were demonstrating              Bahrain to green-light the drug.
  against the killing of George Floyd.                     The Saudi Food and Drug Authority (SFDA)... has
 His action made him a local hero, and he has now          approved the registration of Pfizer-BioNTech
  been hailed among the "Heroes of 2020" by the             Covid-19 vaccine in the kingdom of Saudi Arabia.
  TIME Magazine, honouring those who "went                 Britain and Canada have also approved it.
  above and beyond the call of duty".
                                                          CII announces partnership with Mastercard
Maintain ₹500 balance in POSB account
                                                           Confederation of Indian Industry has announced a
 Post office savings account: Non-maintenance of           partnership with Mastercard and National
  minimum balance will attract charges of ₹100 plus         Institute for Micro, Small & Medium Enterprises
  GST and it will be deducted from the account.             (NI-MSME).
 Post office savings accounts currently offer 4%          It will launch the Digital Saksham Initiative, which
  per annum while the minimum amount required               is an expansive program designed to strengthen
  for account opening is ₹500.                              the competitiveness of MSMEs through digital
 India Post offers several small savings schemes,          knowhow and acceptance.
  commonly known as post office saving schemes.            This collaboration aims to educate and train
IUCN lists 31 species as 'Extinct'                          MSME owners and entrepreneurs.
                                                          5th India Water Impact Summit
 The International Union for Conservation of
  Nature's Red List of Threatened Species has              The 5th India Water Impact Summit (IWIS) began
  declared 31 animal and plant species extinct.             on 10 Dec 20 with the theme of comprehensive
 That total includes the lost shark, listed as             analysis and holistic management of local rivers
  critically endangered or possibly extinct, as it was      and water bodies, with a focus on Arth Ganga -
  last recorded in 1934.                                    river conservation synchronised development.

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 It is being organised by the National Mission for      A thorough health check-up was carried out by
  Clean Ganga and Center for Ganga River Basin            microscopic examination of the faecal samples for
  Management and Studies (cGanga).                        probable parasitic load.
 It will continue till 15 Dec'20.                       Blood samples were collected from selected
                                                          elephants for routine blood profile and general
CII and Amazon India sign pact
                                                          check-up.
 Confederation of Indian Industry (CII) and Amazon
                                                        Biden named Time’s ‘Person of the Year’
  India have signed a pact to increase the export
  potential of MSMEs in 10 states.                       Time magazine has named US President-elect Joe
 As part of the MoU, Amazon India will work with         Biden and Vice President-elect Kamala Harris its
  the CII to train MSMEs in 10 states into the            “Person of the Year.”
  building and scaling their business in India and       Also, Time named the Korean boy band BTS its
  globally.                                               Entertainer of the Year and named Los Angeles
 Amazon and CII will conduct training, workshops,        Lakers star LeBron James its Athlete of the Year.
  and masterclasses to enable MSMEs to sell online.      Time’s other Person of the Year candidates were
                                                          President Donald Trump, Dr. Anthony Fauci, etc.
Andhra government sets a panel
                                                        ‘Jagananna Jeeva Kranthi’ launched
 Andhra Pradesh govt has constituted a 21-
  member multidisciplinary committee headed by           Andhra Pradesh CM YS Jagan Mohan Reddy has
  the state chief secretary to investigate the            launched ‘Jagananna Jeeva Kranthi’ scheme to
  outbreak of a mystery illness in Eluru area of West     distribute 2,49,151 sheep and goat units to the
  Godavari.                                               beneficiaries of YSR Cheyutha and YSR Aasara.
 A mystery illness has affected over 600 people in      A total of Rs 1,869 crore is being spent for the
  the state.                                              purpose.
 Those affected complained of dizziness, fainting       Under the scheme, beneficiaries are free to buy
  spells, headache and vomiting.                          local sheep, goat breeds from the region of their
 The committee will suggest remedial measures to         choice.
  prevent it.
                                                        International Universal Health Coverage Day
ADB launches $9 bn Covid-19 vaccine scheme
                                                         International Universal Health Coverage Day is
 The Asian Development Bank (ADB) has launched           observed every year on 12 December.
  a $9 billion initiative.                               On 12 December 2017, the United Nations
 Called the Asia Pacific Vaccine Access Facility         proclaimed 12 December as International
  (APVAX), it will offer "rapid and equitable             Universal Health Coverage Day (UHC Day) by
  support" to its developing members as they              resolution 72/138.
  procure and deliver effective and safe coronavirus     The day aims to raise awareness of the need for
  vaccines.                                               strong and resilient health systems.
 ADB is also making available a Covid-19 vaccine        “Health for All: Protect Everyone” is the theme for
  import facility to help countries secure safe and       the year 2020.
  effective vaccines.
                                                        India & Uzbekistan held a summit
Elephant health camp organized in Kaziranga
                                                         A virtual summit was held between Prime
 An elephant health camp was organised by the            Minister Narendra Modi and President of
  Kaziranga National Park authority for the routine       Uzbekistan Shavkat Mirziyoyev on 11 Dec 2020.
  health care of the departmental elephants of the
  park, on 11 Dec 2020.

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 This was the first bilateral ‘Virtual Summit    The leaders discussed the entire spectrum of
  meeting between India and a central Asian        bilateral relationship, including strengthening of
  country.                                         India-Uzbekistan cooperation in the post-COVID
                                                   world.

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