Read : Current Affairs: 15th November, 2020

Posted on :- 2020-11-18 11:39:37
Source :- The Hindu Newspaper

                          CURRENT AFFAIRS(15TH   NOVEMBER)             







            15TH FINANCE COMMISSION SUBMITTED ITS REPORT                          


  • The 15th Finance Commission submits the report for 2021- 22 to 2025-26 to the President. The Finance Commission was supposed to provide its recommendations on many particular, unique and wide-ranging issues in its terms of


  • Except for the vertical and horizontal tax devolution, disaster management grant, local government grants, the Commission was also supposed to evaluate, examine and recommend performance incentives for States in many areas like the power sector, adoption of DBT, solid waste management,


  • The Finance Commission also needed to examine whether a separate mechanism for funding of defence and internal security ought to be set up and if so how such a mechanism could be


The submitted report has been categorised in 4 volumes.



  • Volume 1 and 2, as in the past, contains the main report and the accompanying annexes. Volume 3 is devoted to the Union Government and examines key departments in greater depth, with the medium-term challenges and the roadmap


  • Volume 4 is entirely about the States. The Commission has observed the finances of each and every State in great depth and has come up with State-specific considerations to check the key challenges that individual States face.


  • The Finance Commissions are commissions periodically constituted by the President of India under Article 280 of the Indian Constitution. It has its headquarters in New Delhi & the current Chairman of new constituted Finance Commission is NK


                SECOND WORLD HEALTH EXPO IN WUHAN, CHINA                            


  • The second World Health Expo was inaugurated on November 11, in Wuhan, the capital city of Central China’s Hubei


  • This year’s Expo will focus on displaying the most cutting- edge science and technology in the global health industry, and help Wuhan build “city of global health industry”.


  • During the Expo, more than a hundred high-end forums including a summit forum, academician forum and the roundtable dialogue on epidemic prevention and normalized control, and the Global University Leaders Forum, will be organized.


  • Wuhan in China was the place where the novel coronavirus emerged in December 2019 and has spread throughout the world, causing a pandemic.


  • China Capital:
  • Chinese President: Xi





  • Rating Agency Moody’s has projected the GDP of India at

-8.9% for the calendar year 2020. Earlier this was projected at -9.6%. Apart from this, India’s GDP growth for Calendar year 2021 is projected at 8.6% by Moody’s from 8.1% earlier.


  • Moody's Corporation, often referred to as moody’s, is an

American business and financial services company. It is the holding company for


Moody's Investors Service (MIS), an American credit  rating agency, and Moody's Analytics (MA), an American provider of financial analysis software and services.


  • Moody's was founded by John Moody in 1909 to produce manuals of statistics related to stocks and bonds and bond Moody's was acquired by Dun & Bradstreet in 1962.


  • Headquarters of Moody’s: NewYork, United States.
  • President & CEO of Moody’s: Raymond McDaniel, Jr.





  • HDFC Bank has announced the launch of “SmartHub Merchant Solutions 0” for Small and mid-size enterprises. This solution allows merchants and self- employed professionals to instantly open a current account and start accepting payments in-store, online, and on-the-go.


  • The Bank plans to reach out to more than 20 million small and medium merchants and professional services like doctors, pharmacies, salons and laundry services across the metro, semi-urban and rural India in the next three years.


  • The merchant solution was launched at a virtual event held in Mumbai by Parag Rao, Country Head – Payments, Consumer Finance, Marketing and Digital Banking at HDFC Bank along with T R Ramachandran, Group Country Manager, India and South Asia,


  • SmartHub 3.0 will be available in app-based, web-based and a range of PoS devices and will have features like digitizing Khata, enabling collection reminders, inventory management, billing software and lending to merchants’ basis their


  • Key features of the solution launched will include Instant account opening and merchant setup, Payment collection through any mode – Bharat QR code, Aadhaar Pay, UPI, SMS Pay, Credit or Debit Cards, or any app such as Payzapp, Google Pay.


  • Customise interface in nine languages, Share product catalogue with customers via SMS, email or Whatsapp, View and apply for loan and credit card offers




  • Indian astronomers have collaborated with the 2020 Physics Nobel Laureate Andrea Ghez for the design of back-end instruments and possible science prospects of the Thirty Meter Telescope (TMT) project.


  • The Thirty Meter Telescope (TMT) is a proposed Extremely large telescope (ELT) which is planned to be installed at Maunakea on the island of


  • The TMT project is an international partnership between CalTech, Universities of California, Canada, Japan, China, and India, to revolutionize the understanding of the universe and the enigmas in


  • Some of the Indian astronomers like Dr Annapurni Subramanium, Director of the Indian Institute of Astrophysics (IIA) and Dr Shashi Bhushan Pandey, a scientist at Aryabhatta Research Institute of Observational Sciences (ARIES) along with many others collaborated with Ghez in the ongoing research and developmental activities of the TMT project.


                  WORLD KINDNESS DAY 2020: 13TH NOVEMBER                                


  • World Kindness Day is observed globally on 13th November every



  • The day is celebrated to highlight good deeds in the community focusing on the positive power and the common thread of kindness which binds us.


  • World Kindness Day was first celebrated in 1998 by The World Kindness Movement. The theme for the 2020 World Kindness day is Kindness: The World We Make – Inspire Kindness.





  • On 14th November, Children’s Day is celebrated every year to mark the birth anniversary of India’s first Prime Minister Jawaharlal Nehru.


  • Children’s Day is popularly known as ‘Baal Diwas’ in India. The day aims at increasing the awareness of the rights, care and education of On this day, many

educational and motivational programs are organised across the country, by and for children.


  • Jawaharlal Nehru, who was India’s first Prime Minister, was quite famous among children and was popularly known as ‘Chacha Nehru’.


  • Following his death in 1964, it was decided that to move the celebrations of Children’s Day to November 14 as a mark of respect to him and to commemorate his fondness for


  • A resolution was passed in the Parliament and since then, Children’s Day is celebrated in India on November 14 every year. Notably, Children’s Day was celebrated in India first on November 20, 1956, along with the Universal Children’s


            RIGHT TO RECALL PANCHAYAT MEMBER BILL, 2020                             


  • The Haryana State Assembly passed a Right to Recall Panchayat Member Bill. The Haryana Panchayati Raj (Second Amendment) Bill, 2020 was tabled by Deputy Chief Minister Dushyant


  • With this Bill, the people in rural areas will get the right to remove a sarpanch or members of the two bodies even before their tenure is over.


Provisions of the Bill:



  • Right to Recall Panchayat Member Bill provides the right to recall members of

Panchayati Raj institutions to those who elected them in the rural bodies.



  • The Bill proposed an 8% reservation to the more disadvantaged among the Backward Classes (BC). The Bill will allow the recall of village sarpanches and members of the block-level panchayat samitis and district-level zila parishads if they fail to


  • It will enhance the participation of women in the three-tier panchayati raj system and allows 50% reservation to them in gram panchayats, panchayat samitis and zila

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