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Important Current Affairs 21st September 2020

National

PM to inaugurate VAIBHAV Summit on 2nd October 2020

• Hon’ble Prime Minister of India, Shri Narendra Modi will inaugurate the Vaishwik Bharatiya Vaigyanik (VAIBHAV) Summit on 2nd October’2020 through videoconferencing.

• The VAIBHAV Summit is a joint initiative of all S&T and Academic Organisations of India (working in Research, Academic and Scientific fields) to enable deliberations on thought processes, practices and R&D culture with a problem-solving approach for well-defined objectives.

• The month-long Summit will provide a platform to leverage the expertise and knowledge of global Indian researchers for solving emerging challenges and create an ecosystem of Knowledge and Innovation in the country through global outreach.

10th Meeting of BRICS National Security Advisors

• 10th Meeting of the BRICS High Representatives on National Security was held virtually. The 10th meeting of the NSAs was hosted by the current chair of BRICS i.e. Russia.

• The National Security Advisors of the BRICS nations met to deliberate upon the issues related to strengthening political security and cooperation among the five countries.

• National Security Advisor Ajit Doval represented India in a virtual meet of top security officials from Brazil-Russia-India-China-South Africa (BRICS) grouping.

Tamil Nadu becomes first state to unveil ethical AI, blockchain, cybersecurity policies in country

• Tamil Nadu has become the first state in India to launch policies on Artificial Intelligence, Blockchain and Cybersecurity policies.

• Chief minister Edapaddi K Palaniswami unveiled the Tamil Nadu Cyber Security Policy, 2020, Tamil Nadu Blockchain Policy, 2020, and Tamil Nadu Safe and Ethical Artificial Intelligence Policy, 2020 at Connect 2020.

• The project will be implemented by establishing and leveraging the State Family Data Base (SFDB) and Block-Chain Backbone infrastructure.

Banking and Economy

Fitch Solutions projects India’s GDP growth at -8.6% in 2020-21

• Fitch Solutions has revised downward its forecast for Indian economic growth and now estimates that India’s GDP will contract by 8.6% in 2020-21 (FY21).Earlier this was estimated at -4.5%.

• It has also forecasted a 5 percent year-on-year (y-o-y) growth in 2021 and 2022.

Obituary

Renowned US Supreme Court Justice Ruth Bader Ginsburg passes away at 87

• Justice Ruth Bader Ginsburg, an American jurist who served as an associate justice of the Supreme Court of the United States, has passed away due to complications of metastatic pancreatic cancer. She was 87.

• She was appointed in 1993 by President Bill Clinton and served until her death in 2020.She was the second woman to serve on the U.S. Supreme Court.

Veteran Communist leader and former Lok Sabha Member Roza Deshpande passes away

• Veteran Communist leader and former Lok Sabha Member Roza Deshpande died at her residence in Mumbai due to old age. She was 91. Deshpande, was the daughter of Shripad Amrit Dange, one of the founders of the Communist Party of India.

• Deshpande had taken part in the Sanyukta Maharashtra Movement (the movement for the creation of the State of Maharashtra) and the Goa liberation struggle as a Member of the All India Students’ Federation. In 1974, she was elected to the Lok Sabha from the Bombay South Central constituency.

Ranking

HDFC Bank leads ‘BrandZ Top 75 Most Valuable Indian Brands’ ranking

• HDFC Bank has topped the BrandZ Top 75 Most Valuable Indian Brands 2020 Rankings. HDFC Bank has topped this ranking for the 7th consecutive year. It has a total brand value of more than $20.2 billion

• LIC is ranked second while Tata Consulting Services has been ranked at no.3.

Days

International Day of Peace

• The International Day of Peace (or World Peace Day) is observed annually on 21 September to spread awareness and preach peace and harmony all across the globe.

• The 2020 theme for the International Day of Peace is “Shaping Peace Together.”

• The Day established in 1981 by the United Nations General Assembly. It is also known as World Peace Day.

World Alzheimer's Day

• World Alzheimer's Day is observed on 21 September every year to spread awareness about Alzheimer and Dementia disease.

• The theme for World Alzheimer Day 2020 is ‘Let’s talk about dementia’.

• In Alzheimer’s disease loss of connections between nerve cells (neurons) in the brain occurs. Progressively brain disorder which slowly destroys memory and thinking skills etc. In older adults it is the most common cause of dementia.