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commemorative stamp issued by the India Post and its cover at the event
organised for the celebration of the 100th Foundation day of the University of
Lucknow,Uttarpradesh.
• Power Finance Corporation Ltd (PFC) & REC Limited (formerly known as Rural
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Electrification Corporation Limited) signed a Memorandum of Understanding
(MoU) with SJVN Thermal (P) Limited (STPL) at Power Finance Corporation
(PFC), New Delhi for extending Term Loan of INR 8520.46 Crores for 2×660
MegaWatts (MW) Buxar Thermal Power Project, Bihar.
• The power plant will generate around 9828 Million Units of Energy and will meet
the future power requirements of Bihar and other states.
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Best Performance By An Actor Billy Barratt for Responsible Child(United Kingdom)
About REC Limited (formerly known as Rural Electrification Corporation Limited):
Best Performance By An Actress Glenda Jackson for Elizabeth is Missing(United Kingdom)
• CMD – Sanjay Malhotra
• HeadquartersComedy
– New Delhi Ninguém Tá Olhando for Nobody’s Looking (Brazil)
• The United Arab Emirates is all set to become the first Arab Gulf country, and
probably the last, to generate electricity from coal, as; the Acwa Power of Saudi
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Arabia is developing a $3.4 billion Hassyan coal plant in Dubai.
• In this regard, the company has already inked a long time agreement with Japan’s
Jera Co-founder which the latter will supply coal.
• The capacity of the plant will be 600 megawatts (MW) initially which will be
increased to 2,400 MW by 2023.
• The 27th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ summit 2020 was
virtually hosted by Malaysia from Kuala Lumpur. It was chaired by Malaysia’s Prime Minister
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Muhyiddin bin Haji Muhammad Yassin under the 2020 APEC Malaysia theme of “Optimising
Human Potential towards a Resilient Future of Shared Prosperity. Pivot. Prioritise. Progress”. It
was the first virtual APEC meeting amid COVID-19.
• APEC leaders had endorsed the APEC Putrajaya Vision 2040 that will make free and fair trade the
focus of the APEC agenda for the next two decades. The vision will achieve through following three
economic drivers:
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Members– 21 countries
• Best Performance
Secretariat By An Actor
(Head Quarter)– Singapore Billy Barratt for Responsible Child(United Kingdom)
• Executive Director, APEC Secretariat– Dr Rebecca Fatima Sta Maria
Best Performance By An Actress Glenda Jackson for Elizabeth is Missing(United Kingdom)
• The Securities and Exchange Board of India (SEBI) launched Securities Market
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Trainers (SMARTs) program, as a part of World Investor Week (WIW) 2020 being
celebrated by SEBI in India from Nov 23, 2020 to Nov 29, 2020.
• The trainers of the programme are termed as SMARTs who also got trained at
Maharashtra-based National Institute of Securities Market (NISM). They will
conduct investor education programs in their respective geographical areas.
Other Winners of 48th International Emmy® Awards 2020:
About World Investor Week (WIW):
Category Winner
• It is a week-long, global campaign promoted by International
Arts Programming Organization
Vertige De La Chute of Securities Commissions (IOSCO)
(Ressaca)- France
to raise awareness about the importance of investor education and protection. It is observed by IOSCO
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members Best Performance By An Actor
on six continents. Billy Barratt for Responsible Child(United Kingdom)
Documentary
About Securities For Sama (United Kingdom)
and Exchange Board of India (SEBI):
La Reina del Sur – Season 2 (United States)
• Chairman– AjayU.S.
Non-English Language Tyagi
Primetime Program
20th Annual Latin GRAMMY Awards® (United States)
• Headquarters– Mumbai, Maharashtra
Old People’s Home for 4 Year Olds (Australia)
Non-Scripted Entertainment
Short-Form Series #martyisdead (Czech Republic)
• In accordance with the official data released by the National Statistics Office
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(NSO), India’s gross domestic product (GDP) for the second quarter ended
September 30, 2020 (Q2FY21) contracted by 7.5% as compared to the expansion
of 4.4% in the corresponding July-September period of 2019-20.
• The India-Japan Cooperation won the Organisation for Economic Co-operation and Development
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(OECD)’s 2019 Mutual Agreement Procedure(MAP) Award in category 4 for pairings of jurisdictions
that dealt most effectively with their joint caseload for transfer pricing cases. The award was
announced during the virtual event of the 2nd OECD Tax Certainty Day organised by OECD.
• In category 4, Norway- United States cooperation won the 2019 MAP Awards for “other cases”.
• The award represents the commitment of India to provide tax certainty and effective conflict
resolution mechanism for the Japanese companies which are doing business in India.
• The MAP under the tax treaties addresses tax disputes arising from cross border transactions by
foregin companies and nonresidents.
OECD 2019 MAP Awards:
• The 2019 MAP Awards of OECD recognised the efforts of competent authorities in 4 different areas, Category 1: Average
Time to close MAP cases.
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• All the jurisdictions that joined the inclusive framework before 2020 were accounted for the OECD MAP 2019 awards.
Other Winners:
Category 1:
• For Transfer Pricing Cases: Japan and the United Kingdom for closing more than 50 cases in approximately 21 months.
• For Other Cases: The United Kingdom for closing more than 20 cases in 6 months(approx)
Category 2:
• Belgium won for the smallest proportion (10%) of pre-2016 cases in ending inventory.
Category 3:
• The Ministry of Youth Affairs and Sports restored the Archery Association of India as a National
Sports Federation, allowing the promotion and regulation of Archery in India.
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• Eight years ago, the Archery Association of India(AAI) was removed from the National Sports
Federation due to its failure to satisfy mandatory election rules set by the National Sports
Development Code, 2011 (Sports Code) of India.
• World Archery (International Federation for Archery Sport) has also lifted the suspension of AAI
and as such at present the AAI has the recognition both of Indian Olympic Association and the
World Archery.
• Leh, in the Union Territory(UT) of Ladakh gets the largest Solar Power Project at a highest altitude.
The project has been established at the Leh Indian Air Force(IAF) Station. This Solar power project
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was inaugurated by Air Marshal V R Chaudhari, Commander-in-chief, Western Air Command.
• The Rs.122 crores worth Project named “Provision of Solar Photo Voltaic Powerplant 1.5 MW” was
conceptualised under the Make in India initiative of the Government of India.
• To provide sustainable and alternative energy to fossil fuel and other traditional methods of energy
generation.
• The Power project at Leh IAF station is the largest installed power project out of the target 300 MW
in 3 phases for defence sector and 14 MW for Leh region established by the Union Ministry of New
and Renewable Energy.
• This project has been completed within 12 months prior to the completion deadline of 31st March
2021.
Cyclone Nivar: 4th cyclone to
hit the North Indian Ocean
region in 2020
Cyclone Nivar: 4th cyclone to hit the North Indian Ocean region in 2020
• The Nivar Cyclone made a landfall near Puducherry, south of Chennai with a wind
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speed of 85 to 95 kmph. Ambur, Tiruvannamalai, Vellore and Arani also
experienced a wind speed of 50 Kmph.
• The Nivar is the 4th Cyclone to hit the North Indian Ocean Region in 2020. The
storm was named “Nivar” based on the guidelines of the World Meteorological
Organisation (WMO). Nivar was selected from the names suggested by Iran.
Uttar Pradesh Cabinet clears
Proposal to Rename Ayodhya
airport as Maryada Purushottam
Sri Ram Airport
Uttar Pradesh Cabinet clears Proposal to Rename Ayodhya airport as Maryada Purushottam
Sri Ram Airport
• Uttar Pradesh Cabinet cleared the proposal to rename the Ayodhya airport as
Maryada Purushottam Sri Ram Airport, , Ayodhya, UP.
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• The proposal for the same will be sent to the Ministry of Civil Aviation, Govt of
India after it is passed by the state Assembly.
HDFC Bank’s m-cap crosses ₹8 trillion market cap for the 1st time
• The Market Capitalization (m-cap) of HDFC Bank crossed INR 8 Trillion for the first time. It became
India’s third company and the first bank to achieve this milestone.
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• Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL) are the only two companies
to have achieved the landmark. RIL is India’s most valued company having a market value of INR
13.17 Trillion followed by TCS at INR 10.13 Trillion. Hindustan Unilever is Fourth with INR 5.08
Trillion m-cap followed by Infosys with INR 4.83 m-cap.
About Power Finance Corporation Ltd (PFC):
➢ Members– 21 countries
➢ Secretariat (Head Quarter)– Singapore
➢ Executive Director, APEC Secretariat– Dr Rebecca Fatima Sta Maria
➢ Thermal Power Stations – Singrauli Super Thermal Station, Rihand Super Thermal Power Project
➢ Rivers – Betwa River, Chambal River, Dhasan River, Gandak, Ganga.
About World Investor Week (WIW):
➢ Founded in 1973
➢ Headquarters- New Delhi
➢ President- Arjun Munda