15th September 2020 Current Affairs

15 September 2020 CA
15 September 2020 CA


National Affairs

PM Modi to launch 541 crore worth seven urban infrastructure projects in Bihar

Prime Minister Narendra Modi will inaugurate and lay the foundation stones for seven projects related to urban infrastructure in Bihar through video conferencing.

  • Out of these, four projects are related to water supply, two to sewerage treatment and one to riverfront development. The total cost of these projects is Rs. 541 crore.
  • The implementation of these projects has been undertaken by BUIDCO under Urban Development and Housing Department of Bihar. <<Read Full News>>

About Bihar:

  • Capital: Patna
  • Chief Minister: Nitish Kumar
  • Governor: Phagu Chauhan

State Affairs

French firm EDF to set up ‘centre of excellence’ in civil nuclear space in Maharashtra

France-based EDF Group has signed a Memorandum of Understanding with Veermata Jijabai Technological Institute in Mumbai and International Institute of Nuclear Energy (I2EN) to conduct a pre-feasibility study for the establishment of a Centre of Excellence in the civil nuclear sector in Maharashtra.

  • This MoU aims to provide a networked platform for the specific skills as required in relation to EPR technology for a third generation pressurised water reactor design. <<Read Full News>>

About Maharashtra:

  • Chief Minister: Uddhav Bal Thackeray
  • Governor: Bhagat Singh Koshyari
  • Capital: Mumbai

Union Cabinet approves establishment of new AIIMS at Darbhanga, Bihar

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the establishment of a new All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.

  • The total cost will be Rs.1264 crore and is likely to be completed within a period of 48 months from the date of the approval of Government of India.
  • The new AIIMS Darbhanga will be established under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY). <<Read Full News>>

About Bihar:

  • Chief Minister : Nitish Kumar;
  • Governor: Phagu Chauhan.

International Affairs

India beats China, becomes member of UN’s ECOSOC body

India has been elected as a member of the United Nation’s Commission on Status of Women, a body of the Economic and Social Council (ECOSOC). India, Afghanistan, and China had contested the elections to the Commission on Status of Women.

  • India will be a member of United Nation’s Commission on Status of Women for four years, 2021 to ‘25. <<Read Full News>>


  • Founded: 1945.
  • President: Munir Akram.
  • Headquarters: New York, United States.


Haryana CM’s principal secretary Rajesh Khullar appointed World Bank executive director

Senior bureaucrat Rajesh Khullar has been appointed as Executive Director, World Bank, Washington.

  • He will have a tenure of three years or till the date of his superannuation, i.e. August 31, 2023, the order said.

ADB’s New Executive Director:

In another order, the Personnel Ministry said Sameer Kumar Khare has been appointed Executive Director of the Asian Development Bank (ADB), Manila

  • He has been appointed Executive Director of ADB for a tenure of three years. <<Read Full News>>

About World Bank:

  • Headquarters: Washington, D.C., United States
  • President: David Malpass

About ADB:

  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa

JDU’s Harivansh Narayan Singh elected as Rajya Sabha Deputy Chairman

National Democratic Alliance candidate and Janata Dal MP Harivansh Narayan Singh has been elected as Deputy Chairman of Rajya Sabha by Voice vote. This is the second time that he has been elected as the deputy chairman of the House.

  • The Deputy Chairman of the Rajya Sabha presides over the proceedings of the Rajya Sabha in the absence of the Chairman of the Rajya Sabha. The Deputy Chairman is elected internally by the Rajya Sabha. <<Read Full News>>

About Rajya Sabha:

  • Chairman: M. Venkaiah Naidu

EdTech major, Great Learning appoints Virat Kohli as its Brand Ambassador

Great Learning, one of India’s leading edtech companies for professional and higher education announced the appointment of Indian cricket team captain Virat Kohli, as its brand ambassador.

  • The captain of the Indian cricket team and the world’s no1 batsman, who also topped a recent ranking of India’s most powerful celebrities, will now be the face of the Great Learning brand. <<Read Full News>>

About Great Learning:

  • Founder and CEO: Mohan Lakhamraju


Aditya Puri conferred Lifetime Achievement Award by Euromoney Awards of Excellence 2020

Aditya Puri, MD, HDFC Bank was conferred the Lifetime Achievement Award by Euromoney Awards of Excellence 2020.

  • He has been awarded for his skills in building a world-class bank in India at a time where there were no similar institutions in existence. <<Read Full News>>

About HDFC Bank:

  • MD: Aditya Puri
  • Headquarters: Mumbai

Rankings & Reports

Rating agency S&P projects Indian economy to contract 9 per cent in fiscal 2021

S&P Global Ratings revised its forecast for the decline in India’s economy to   (-)9 per cent in the current fiscal, from previously predicted (-)5 per cent.

  • S&P Global Ratings also forecast the country’s economy to contract by 9 per cent in the current fiscal year, which ends March 31, 2021. <<Read Full News>>

About S&P:

  • Headquarters: New York, United States
  • Parent organization: S&P Global

ADB forecasts India’s economy to contract by 9% in FY2020-21

The Asian Development Bank (ADB) has forecast a 9 per cent decline in the Indian economy in the current financial year 2020-21. The Asian Development Outlook (ADO) -2020 update released by the ADB states that that the economic activity in India has been severely affected by the Corona virus.

  • ADB estimates that In the April-June quarter of the current financial year, there has been a decline of 23.9 percent in GDP. <<Read Full News>>

About ADB:

  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa
  • Founded: 19 December 1966


IT Major Infosys to buy GuideVision for up to 30 million Euros

IT major Infosys has signed a definitive agreement to acquire European consultancy firm GuideVision for up to Euro 30 million (approximately $35 million). The acquisition of GuideVision is expected to close during the third quarter of fiscal 2021.

With this acquisition, Infosys will enhance its Cobalt portfolio of cloud services and further strengthen its ServiceNow capabilities for its clients in Europe. <<Read Full News>>

About Infosys:

  • CEO: Salil Parekh
  • Headquarters: Bengaluru

Important Days

International Day of Democracy observes on 15 September

The United Nations observes 15 September every year as International Day of Democracy. This day helps people around the world to learn and review democracy in the world.

  • It is an opportunity to urge all governments to respect their citizens’ right to active, substantive and meaningful participation in democracy and to recall that democracy is about people. <<Read Full News>>

About UN:

  • Secretary General: Antonio Guterres.
  • Headquarters: New York, USA
  • Founded: 24 October 1945

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