Current affairs (26th & 27TH DECEMBER)
KARNATAKA GOVT. LAUNCHED 'FRUITS PORTAL FOR FARMERS
- Karnataka government has unveiled the Farmer Registration and Unified beneficiary Information System (FRUITS), an e-governance portal, to create a repository of farmland information and farm loan details on a single platform. All farmers will be registered and given an identification number on the portal.
- The FRUITS Portal is integrated into the BHOOMI Package of the Karnataka State for fetching and validating the land details.
- One other important facility of this Portal is online creation of charge by which visit of farmers to Sub-Registrar Office is avoided. Canara Bank has agreed to run FRUITS on a pilot basis.
- Canara Bank observed that Karnataka State Government has always been in the forefront of technology initiatives to improve the ease of Banking as can be seen from the various initiatives like BHOOMI Package, Debt Waiver Portal and currently, the FRUITS Portal.
- Using this number, banks and other lending institutions can access the land details of farmers as well as details of their existing borrowings and take a quick decision on lending.
UNION CABINET APPROVED MERGER OF FOUR MEDIA UNITS
- The Cabinet approved the merger of four government-run film and media units — the Films Division, the Directorate of Film Festivals, the National Film Archives of India and the autonomous body Children’s Film Society, with the National Film Development Corporation.
- The merger of Film Media Units under one corporation will lead to convergence of activities and resources and better coordination, thereby ensuring synergy and efficiency in achieving the mandate of each media unit.
- This will lead to a reduction in duplication of activities and direct savings to the exchequer.
- The Films Division, which was established in 1948 and is the oldest of the four units, was created primarily to produce documentaries and news magazines as publicity for government programmes and to keep a cinematic record of Indian history.
- The National Film Archives of India was established in 1964 with the primary objective of acquiring and preserving Indian cinematic heritage.
- The Directorate of Film Festivals was set up in 1973 to promote Indian films and cultural exchange.
- The Children’s Film Society, which was founded in 1955 with the specific objective of providing children and young people value-based entertainment through the medium of films.
UNION CABINET APPROVED 100% FDI IN DTH SERVICES
- The Union Cabinet approved revised guidelines for Direct-to-Home (DTH) broadcasting services, allowing 100 per cent foreign direct investment (FDI) as well as increasing the licence period to 20 years.
- Due to our I&B guidelines, this field was not getting the benefit of 100 per cent FDI. After changing the guidelines, the guidelines will have the same guidelines as the Commerce Ministry and will come under 100 per cent FDI.
- Under the revised guidelines the licenses will be issued for a period of 20 years, compared to 10 years at the moment, and will be renewed for a 10-year period.
- The license fee has been revised from 10 per cent of gross revenue (GR) to 8 per cent of adjusted gross revenue (AGR), which will be calculated by deduction of GST from GR.
- Minister of Information and Broadcasting: Prakash Javadekar.
PAYU PARTNERS WITH GOOGLE PAY FOR TOKENISED PAYMENT
- PayU with Google Pay has introduced tokenised payments flow for Indian merchants. With the digital token linked to the phone and card information tokenised, Google Pay users can make repeat payments seamlessly and securely.
- Through the option of one-click payment, one doesn’t need to re-enter the payment data, as the OTP is read automatically and the payment is processed instantaneously.
- Tokenised payments offer a highly convenient, safe, and friction-free payment experience, and we are excited to partner with Google Pay to make this available for our merchants.
- It will help them build lasting trust and loyalty with customers, reduce risks of cart abandonment and payment failures, and scale up their businesses.
- CEO of Google: Sundar Pichai
- Headquarters: California, United States.
- PayU CEO: Laurent le Moal.
NTPC AWARDED WITH PRESTIGIOUS SUSTAINABILITY AWARD
- Country’s largest power producer, National Thermal Power Corporation Limited (NTPC) has been conferred “Excellence” in the prestigious CII-ITC Sustainability Awards 2020 in Corporate Social Responsibility (CSR) Domain.
- NTPC has been honoured in the Corporate Excellence Category, Commendation for Significant Achievement.
- This is the highest award conferred by CII-ITC in CSR domain. NTPC is the only PSU to receive the award in the Corporate Excellence category.
- NTPC wins the prestigious CII-ITC Sustainability Awards in Corporate Excellence category second time in a row i.e. in the year 2019 and 2020.
- NTPC MD & CEO: Gurdeep Singh.
- NTPC Founded: 1975
- NTPC Headquarters: New Delhi, India.
FIFA CANCELS NEXT YEAR MEN'S WORLD CUP
- FIFA has cancelled men’s U-20 and U-17 World Cup tournaments in 2021 for the novel coronavirus.
- As a result of the COVID-19 pandemic, the Bureau of the FIFA Council has decided to cancel the 2021 editions of the men’s FIFA U-20 World Cup and FIFA U-17 World Cup, and to appoint Indonesia and Peru respectively, who were due to host the tournaments in 2021, as the hosts of the 2023 editions.
- So Peru will host the FIFA U-17 World Cup in 2023. In the same year, the FIFA U-20 World Cup will be held by Indonesia.
- President of FIFA: Gianni Infantino
- Founded: 21 May 1904.
- Headquarters: Zürich, Switzerland.
NITI AAYOG LAUNCHED STORAGE PLATFORM 'DIGIBOXX'
- NITI Aayog has launched indigenously developed India’s first Digital Asset Management and Storage platform, called ‘DigiBoxx’.
- The initiative will give a boost to Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’, as India now has its own cloud storage platform.
- This cloud storage and file sharing service will be available for desktop, iOS, and Android users, including both regular users as well as businesses. Digiboxx offers free 20GB cloud storage space, and 100GB space per month at just Rs 30.
- Chief Executive Officer of NITI Aayog: Amitabh Kant.
- Chairperson of NITI Aayog: PM Narendra Modi.
INDIA'S FIRST LITHIUM REFINERY TO BE SET UP IN GUJARAT
- India’s first Lithium refinery is soon going to be set up in Manikaran Power Limited, one of the country’s largest power trading and renewable energy company will invest around Rs 1,000 crore to set up this refinery.
- The refinery will process Lithium ore to produce battery-grade material. Lithium is a rare element and is usually not found in India.
- Last year, Manikaran Power had collaborated with Australian firm Neometals to tap the Mount Marion Lithium mine in Western Australia.
- The proposed project is expected to help Gujarat secure the raw material supply for domestic manufacturing of Lithium batteries as it looks to promote electric vehicles.
DFC TO INVEST 54MN USD FOR SUPPORTING INFRA. PROJECT
- The United States International Development Finance Corporation (DFC) has announced to invest $54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic.
- The DFC will invest this $54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India.
- NIIF will use this capital to support economic growth and address critical development challenges in the country. This financing is part of NIIF’s final round of fund-raising for the fund.
- DFC is the development finance institution of the United States federal government, primarily responsible for providing and facilitating the financing of private development projects in lower- and middle-income countries.
- National Investment and Infrastructure Fund Headquarters: Mumbai, India.
- National Investment and Infrastructure Fund Founded: February 2015.
- National Investment and Infrastructure Fund MD and CEO: Sujoy Bose.
GOOD GOVERNANCE DAY: 25TH DECEMBER
- In India, Good Governance Day (Sushasan Divas) is observed annually on 25th December. In this day nation celebrates the birth anniversary of Bharat Ratna and former-Prime Minister Atal Bihari Vajpayee.
- Good Governance Day was established in 2014 to honour Prime Minister Vajpayee by fostering awareness among the Indian people of accountability in government.
- In keeping with this principle, the Good Governance Day has been declared to be a working day for the government.
- Atal Bihari Vajpayee served as the Prime Minister of India for three times. His first term was for only 13 days in 1996.
- He served his second term for a period of thirteen months from March 1998 to April 1999 and then a full term from 1999 to 2004.
- His first entry into parliament was in 1962 through the Rajya Sabha. He was elected to the Lok Sabha seven times. In 2015, Mr Vajpayee was conferred the Bharat Ratna, India’s highest civilian award.