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Important Current Affairs 19th September 2020

National

Union govt approves amendment in FDI policy in Defence Sector

• The Union Government has approved the amendment in Foreign Direct Investment Policy in Defence Sector. The Union Commerce and Industry Minister Piyush Goyal said that for new licensees, FDI is allowed upto 74 percent through the automatic route and beyond 74 percent will be permitted through the government route.

• The Minister further said that for existing licensees, infusion of fresh foreign investment up to 49 percent will be allowed by making a declaration of change or transfer within 30 days.

• The move aims to enhance ease of doing business and contribute to the growth of investment, income and employment. The foreign investments in the defence sector shall be subject to scrutiny on grounds of national security.

Atal Tunnel, World’s longest highway tunnel above 10,000 feet, connecting Manali to Leh ready after 10 years

• World’s longest highway tunnel connecting Manali to Leh under the Rohtang Pass in the eastern Pir Panjal range of Himalayas on the Leh-Manali highway is now completed after 10 years.

• The Tunnel is named after late and former Prime Minister of India Atal Bihari Vajpayee. It’s the world’s highest tunnel situated at an altitude above 10,000 metres. The Tunnel is 9 km long.The tunnel will reduce the distance between Manali and Leh by up to 46 kms.It will also reduce the travel time by upto 4 hours

Homeopathy Central Council (Amendment) Bill, 2020 passed in Rajya Sabha

• The Homoeopathy Central Council (Amendment) Bill, 2020, was passed in the Rajya Sabha on September 18, 2020. The Bill amends the Homoeopathy Central Council Act, 1973.

• The Homoeopathy Central Council Act, 1973 sets up the Central Council of Homoeopathy which regulates homeopathic education and practice. The Bill replaces the Homoeopathy Central Council (Amendment) Ordinance, 2020 that was promulgated on April 24, 2020.

PM inaugurates Kosi Rail mega bridge in Bihar through video conferencing

• Prime Minister Narendra Modi dedicated the historical Kosi Rail Mega Bridge to the nation and also inaugurated 12 rail projects related to passenger facilities to benefit the people of Bihar in Bihar via video-conferencing.

• The bridge has strategic importance along the India-Nepal border, which connects the Mitihila and Kosi region. The historical project to build the bridge, which is 1.9 kilometres long and has been constructed at a cost of Rs 516 crore.

• With the construction of the bridge the rail distance between Nirmali and Saraigarh would come down from the present 298 kilometres to 22 kilometres.

India’s first exclusive private jet terminal inaugurated at International airport in Delhi

• The Union Civil Aviation Minister Hardeep Singh Puri on September 17, 2020, inaugurated India’s first exclusive private jet terminal at the Indira Gandhi International Airport.

• The terminal will handle the flight operations of the private jets. The new terminal also has the capacity to handle over 50 passengers every hour.

• The private jet terminal will enable the smooth movement of the chartered aircraft and the business jets.

Fourth Global Ayurveda Summit organised virtually

• The fourth edition of the Global Ayurveda Summit, organized by the Confederation of Indian Industry (CII) held virtually with the theme ‘Ayurveda For Immunity’. The summit was inaugurated by the Vice President M Venkaiah Naidu.

• The objective of the summit is to showcase Ayurveda and herbal medicine to the world as a solution named ‘Health as One’ and ‘Immunity through Ayurveda’.

• The Global Ayurveda Summit 2020 will have 8-day International Conference, 30-day International Exhibition and Focused Business to Business Meetings.

International

New Zealand becomes first country to mandate climate risk disclosures

• New Zealand has become the first country to pass legislation requiring financial entities to declare their climate-related risks. The rule will apply to banks, insurers, all listed debt and equity issuers.

• Financial entities in New Zealand will have to comply with the framework laid down by the Task Force on Climate-related Financial Disclosures (TCFD).

Science and Technology

Scientists Develop World’s Smallest Ultrasound Detector

• Researchers at Helmholtz Zentrum München and the Technical University of Munich (TUM) have developed the world’s smallest ultrasound detector. It is based on miniaturized photonic circuits on top of a silicon chip.

• With a size 100 times smaller than an average human hair, the new detector can visualize features that are much smaller than previously possible, leading to what is known as super-resolution imaging.

Obituary

Former RBI governor Amitabha Ghosh passes away

• Amitabha Ghosh, the shortest-serving Governor of the Reserve Bank of India passed away at the age of 90.

• He had served as the Governor of the Reserve Bank of India for 21 days between January 15, 1985 to February 4, 1985.

• It was a stop-gap arrangement when Amitabha Ghosh was serving as a deputy governor of RBI and waiting to hand over charge to the 17th RBI Governor R N Malhotra.

Veteran Ayurveda physician from Tamil Nadu PR Krishnakumar passes away

• Tamil Nadu based prominent Indian Ayurveda physician PR Krishnakumar has passed away. He was 69.

• Krishnakumar was the Founder and Managing Director of the iconic Coimbatore Arya Vaidya Pharmacy (AVP) as well as the Chancellor of the renowned Avinashilingam University in Coimbatore.

• The Government of India honored him with the Padma Shri award in 2009 for his contribution to medicine.

Days

International Equal Pay Day

• International Equal Pay Day is observed globally for the first time on 18th September 2020. On the occasion of the first International Equal Pay Day, and in the midst of the fallout from the global C-19 pandemic.

• On November 15 2019, The third Committee at the 74th Session of the UN General Assembly adopted resolution (A/C37/74/L.49) proclaiming 18 September as International Equal Pay Day

World Bamboo Day

• World Bamboo Day is observed every year on 18 September to raise awareness of the benefits of bamboo and to promote its use in everyday products.

• WBD was officially declared by the World Bamboo Organization on September 18 at the 8th World Bamboo Congress held in Bangkok in 2009.

• The theme for 11th edition of WBD 2020 is ‘BAMBOO NOW.’

Books and Authors

A new book titled “Azadi” authored by Arundhati Roy

• Arundhati Roy’s new book titled “Azadi: Freedom. Fascism. Fiction” is published by Penguin Books Limited.

• The nonfiction book is a collection of essays that shows the meaning of Freedom in the world of increasing authoritarianism.

• The essay collection includes meditations on language and roles of fiction and alternative imaginations amid global pandemic due to C-19.

The End of an Era; India Exits Tibet by Claude Arpi

• French-born author, journalist, historian Claude Arpi has written fourth and final volume of his book titled End of an Era, India Exits Tibet.

• The book highlights India Tibet relation between 1947 and 1962. it also focuses on India losing all its influence in Tibet.

• It shows Nehru Memorial Library papers, de-classified Indian and Chinese documents and personal interviews.