Daily Important News will speed up the preparation for the Civil Services Examination and it also plays a crucial role to grasp the current affairs topic comprehensively. Here we have covered most of the topics related to various categories including National, International, Sports, Science and Technology, and so on.
1. Ananda- Atmanirbhar Agents
– LIC of India has launched a digital application – ANANDA in the hands of Honourable Chairman Mr. M R Kumar, which will prove to be a game-changer.
– In view of today’s difficult and challenging times, LIC has come up with a unique and timely initiative to facilitate the process of proposal completion which is totally paperless and completely digital.
– The process of new business completion has been re-engineered by converting physical formats into digital ones.
– ANANDA will enable an agent to complete a policy even without physically meeting the customer. Important is that the mobile number of the customer should be mapped with his Aadhar.
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2. India’s IRNSS
– The Indian Regional Navigation Satellite System (IRNSS) has been accepted as a component of the World Wide Radio Navigation System (WWRNS) for operation in the Indian Ocean Region by the International Maritime Organization (IMO).
– his will enable merchant vessels to use IRNSS for obtaining position information similar to GPS and GLONASS to assist in the navigation of ships in ocean waters within the area covered by 50°N latitude, 55°E longitude, 5°S latitude and 110°E longitude
– The Maritime Safety Committee (MSC) of IMO during its recent meeting (102nd session) held from 4 to 11 November 2020 has approved the recognition of the IRNSS as a component of the World-Wide Radio Navigation System.
– his is a significant achievement of Ministry of Ports, Shipping and Waterways (MoPSW), Directorate General of Shipping (DGS) and Indian Space Research Organisation (ISRO) towards “Atmanirbhar Bharat”.
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3. Virtual court and e-challan project
– The Virtual Court (traffic) and e-Challan project have been recently (12th November, 2020) inaugurated in Assam by Shri SarbanandaSonowal, the chief minister of Assam.
– The Information and Communication Technology (ICT) Committee of Gauhati High Court in association with Government of Assam and Assam Police, under the aegis of e-Committee of Supreme Court of India, are spearheading the project in the State.
– Maharashtra’s 2nd virtual court called “NyayKaushal” was recently inaugurated on 31st October by Shri Arvind Bobde, the Chief Justice of India and Justice D.Y. Chandrachud of the Supreme Court at Judicial Officers Training Institute in Nagpur.
– E-challan solution is an initiative of the Union Ministry of Road Transport and Highways (MoRTH) whereas the software has been developed by National Informatics Centre (NIC).
– It will replace the present concept of manual challan with an electronically generated digital challan.
About Virtual court
– It is an initiative of E-Committee of Supreme Court along with the Department of Justice, Ministry of Law& Justice, Government of India. Virtual Court is an online court being managed by Virtual Judge (which is not a person but an algorithm) whose jurisdiction can be extended to the entire state and working hours may be 24X7. There is no brick& mortar building of the court.
– A Virtual Court was inaugurated in Delhi on 26th July 2019 and in Haryana on 17th August 2019 to initially try Traffic Challan cases. Currently, there are 9 Virtual courts functioning in India- Delhi (2 Courts), Haryana (Faridabad), Maharashtra (Pune), Madras, Karnataka (Bengaluru), Maharashtra (Nagpur), Kerala (Kochi) and Assam (Gauhati).
– They are all dealing with Traffic Challan cases only.
Daily Gist of ‘The Hindu’, ‘PIB’, ‘Indian Express’ and Other Newspapers: 20 November, 2020
4. Lakshmi Vilas Bank Crisis
-The Reserve Bank of India (RBI) recently has decided to impose a 30-day moratorium on Chennai-based Lakshmi Vilas Bank Ltd (LVB).
– In September 2019, LVB was placed under the prompt corrective action (PCA) framework and considering the breach of PCA thresholds as on 31st March, 2019.
– Certain regulatory trigger points have been specified by the RBI as a part of prompt corrective action (PCA) Framework, in terms of three parameters, i.e. capital to risk-weighted assets ratio (CRAR), net non-performing assets (NPA) and Return on Assets (RoA).
– It is done for the initiation of certain structured and discretionary actions in respect of banks hitting such trigger points.
Daily Gist of ‘The Hindu’, ‘PIB’, ‘Indian Express’ and Other Newspapers: 19 November, 2020
5. Supercomputer Param Siddhi
– Param Siddhi, India’s Artificial Intelligence (AI) supercomputer ranked 63rd among top 500 most powerful non-distributed computer systems in the world.
– Distributed computing is a field of computer science that studies distributed systems.
About Distributed System
It is a system whose components are located on different networked computers, which communicate and coordinate their actions by passing messages to one another. In order to achieve a common goal, the components interact with one another.
About Non-Distributed or Co-Located system
In this, all the parts of the system are in the same physical location. In a distributed system, parts of the system exist in separate locations.
About Param Siddhi
– It is a High-Performance Computing-Artificial Intelligence (HPC-AI) supercomputer.
– It is developed by the Department of Science and Technology (DST), Ministry of Electronics and Information Technology (MeitY) under National Supercomputing Mission (NSM) at Centre for Development of Advanced Computing.
– The supercomputer has Rpeak of 5.267 Petaflops and 4.6 Petaflops Rmax.
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6. Rajasthan government launches maternity benefit scheme for the second child
– A maternity benefit scheme has been launched by the Rajasthan Government for four districts under which mothers will get ₹6,000 for the second child. This Scheme will be called Indira Gandhi Matritva Poshan Yojana.
This will supplement the Centre’s Pradhan Mantri Matru Vandana Yojana (PMMVY) under which mothers get ₹5,000 for their first child.
– The four districts where the scheme is being implemented are; Udaipur, Pratapgath, Banswara and Dungarpur on a pilot basis for five years.
– Reason behind choosing these four districts are nutrition indicators among children and anaemia levels among mothers are worse than the average for the State.
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Daily Gist of ‘The Hindu’, ‘PIB’, ‘Indian Express’ and Other Newspapers: 18 November, 2020
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