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Daily Current Affairs 5th Sep 2020

To prepare for any competitive exam, one of the important sections to read and learn is current affairs. Exams like UPSC, Bank, SSC, RRB or any Government

Andhra Pradesh Government got permission from IRDAI to form Crop Insurance Firm

  • AP Govt. received the nod from Insurance Regulatory and Development Authority (IRDA) to form its Crop Insurance Firm Andhra Pradesh General Insurance Company (APGIC).
  • Andhra Pradesh is among the few states like Bihar, West Bengal that has chosen to have their own crop insurance schemes.
  • Andhra Pradesh General Insurance Company (APGIC) will run the state's own YSR Free Crop Insurance Scheme.
  • To be eligible for the scheme, the farmers must register themselves on the e-Karshak app (real time crop registration window).

About AP

  • Capital - Amravati
  • CM - Y. S. Jagan Mohan Reddy
  • Governor - Biswabhusan Harichandan

Madhya Pradesh Govt Launched Cleanliness Campaign, "Gandagi Bharat Chhodo Madhya Pradesh

  • Bhupendra Singh, MP Urban Development and Housing Minister launched a 15 day campaign (August 16 -30, 2020) "Gandagi Bharat Chhodo Madhya Pradesh" (Free India and Madhya Pradesh from garbage) from Sagar, MP
  • During the campaign over 7 lakh people took oath to maintain cleanliness and eight lakh 70 thousand people were approached to make compost from wet waste.
  • Four lakh 65 thousand masks were distributed with the help of citizens under the mask awareness campaign.
  • About 10,000 Corona Warrior sanitation workers were honored.
  • A total of 18 thousand 560 challans were made against polythene carry-bags.

About Madhya Pradesh

  • Capital - Bhopal
  • CM - Shivraj Singh Chouhan
  • Governor - Anandiben Patel 

Ladakh & Lakshadweep included in 'One Nation-One Ration Card' scheme; 26 States / UTS Connected with the Scheme

  • Union Territories Ladakh & Lakshadweep have been included in the 'One Nation One Ration Card' scheme on 'Integrated Management of Public Distribution System' (IM-PDS).
  • After the integration of these two UTs, a total 26 States / UTs connected with the Scheme and will benefit about 65 crore people.
  • The remaining states will be integrated in the scheme by March 2021.

Adani Green Energy Ltd Ranked as World's Largest Solar Power Generation Company by Mercom capital

  • Mercom Capital ranked Adani Green Energy Limited (AGEL) as World's Largest Solar Power Generation Asset Owner in terms of operating, under-construction and awarded projects.
  • GCL New Energy (7.1 GW), a Hong Kong-listed independent solar power producer, ranked second, followed by Tokyo-based renewable energy developer, SB Energy (7 GW).
  • Mercom Capital Group is a clean energy communication consulting firm.

Amul becomes 1st Indian Dairy Company to Enter Rabobank's Global Top 20, 2020

  • Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) became the first Indian Dairy Company to enter Rabobank's Annual listing of Global Dairy Top 20, 2020 Companies.
  • Amul was ranked 16th with an annual turnover of USD 5.5 billion (approximately Rs 40,240 Crores).
  • Switzerland's Nestle topped the list with a turnover of USD 22.1 Billion, followed by France's Lactalis with USD 21 Billion turnovers.
  • Rabobank is a Dutch multinational banking and financial services company.

K Padmakar, Director (HR) of BPCL took Additional Charge as CMD, as D Rajkumar Retired

  • Padmakar, Director (HR)
  • of Bharat Petroleum Corporation Limited (BPCL) has been given additional charge as CMD of BPCL until further orders by the Ministry of Petroleum and Natural Gas.
  • He succeeds D. Rajkumar who superannuated after attaining 60 years on August 31, 2020.

About BPCL

  • It is the country's second biggest state refiner
  • Headquarters - Mumbai

LC Goyal gets 1-year extension in his tenure as CMD of ITPO

  • Appointment Committee of the Cabinet headed by Prime Minister Narendra Modi approved the 1 year extension in the tenure of LC Goyal, as the Chairman and Managing Director (CMD) of India Trade Promotion Organization (ITPO), the trade promotion agency of the ministry of Commerce and Industries.
  • Goyal will hold the position for the extended period of 1 year from 1st September 2020 till 1st September 2021.

IAS Officer Usha Padhee Became the First Woman DG of Bureau of Civil Aviation Security

  • Usha Padhee, Indian Administrative Service (IAS) officer of 1996 batch from Odisha Cadre became the first women and the third IAS officer to be appointed as the Director General (DG) of Bureau of Civil Aviation Security (BCAS), a security regulator of civil aviation industry in India under the Ministry of Civil Aviation.
  • She succeeds Rakesh Asthana (IPS) who was appointed as the Director General of Border Security Force (BSF) on 17th August 2020.

IIT Guwahati collaborates with University of Pardubice, Czech Republic for Data Protection Project

  • A team of Researchers from Indian Institute of Technology, Guwahati have collaborated with University of Pardubice, Czech Republic to work towards developing indigenous algorithms to protect the country's digital data from cyber attacks by advanced computers.

Ramachandra Guha wrote a new book 'The Commonwealth of Cricket: A Lifelong Love Affair with the Most Subtle and Sophisticated Game Known to Humankind

  • Indian writer Ramachandra Guha has authored a new book, The Commonwealth of Cricket: A Lifelong Love Affair with the Most Subtle and Sophisticated Game Known to Humankind'. The book portrays the entire arc of the game(cricket) in India, across all levels at which it is played and gives a glimpse of local heroes, provincial emblems and international stars. The book will be co-published by HarperCollins India and William Collins.
  • The author offers a brilliantly charming memoir and a charter of the life of cricket in India.

Hollywood Actor Channing Tatum is Set to Publish His First Children's Book "The One and Only Sparkella"

  • Hollywood actor Channing Tatum (American) announced the release of his first book, a Children's picture book titled "The One and Only Sparkella" dedicated to his daughter Everly.
  • The book featuring the illustrations of Kim Barnes is set to be published by Feiwel & Friends on 4th May 2021
  • The book portrays a young girl Ella who likes sparkly things and gets teased at school and Ella's father who teaches her to express and love herself.

ICAI will bring new Forensic Accounting, Investigation Standards

  • The Institute of Chartered Accountants of India (ICAI) plans to come out with a detailed set of forensic accounting and Investigation standards by the end of December 2020. The move will make India the first country in the world to release a set of standards for forensic accounting and Investigation.
  • The Council of ICAI has accepted the proposal of Digital Accounting and Assurance Board (DAAB) of ICAI to develop and issue a set of Forensic Accounting and Investigation Standards (FAIS) in India.
  • There will be 30 Standards under six groups.
  • RBI has mandated forensic audit for transactions over Rs. 200 crores. Lenders and companies can individually call for audits or investigations upon suspected fraud.

ICAI will bring new Forensic Accounting, Investigation Standards

  • Forensic Accounting
  • Forensic accounting is the investigation of fraud or financial manipulation by performing extremely detailed research and analysis of financial information.
  • Usually, Forensic accountants are hired to prepare litigation related to insurance claims, insolvency, fraud, skimming and any other type of financial theft.

About ICAI

  • President - Atul Kumar Gupta
  • Headquarters - New Delhi

CFI is set to Host the First ever Cycling Summit in 2021

  • Cycling Federation of India (CFI) is set to host the first ever Cycling Summit in 2021. The one-day summit is designed with an aim to promote the culture of cycling and sharing of knowledge between beginner and professional cyclists. On 1st September 2020, CFI signed a Memorandum of Understanding (MoU) for the 2021 summit with Antarctica, a marketing exploration firm.

About Cycling Summit 2021

  • The summit will be hosted in Delhi, Mumbai and Bengaluru and expected to attract around 25000 participants in each city.
  • This summit will bring together the renowned athletes, cycling enthusiasts and business from all over India.
  • The 2021 Cycling Summit will consist of cyclists, athletes, fitness and sports enthusiasts, cycling coaches, health and nutrition experts and influencers
  • Domestic and global brands will take part in the 2021 summit to provide the needs of health along with fitness enthusiasts

National Small Industry Day - August 30

  • National Small Industry Day is observed annually on August 30 in our country. The day is observed to promote small industries across the country and recognizes the contribution made by small scale industries.
  • To acknowledge the announcement of an extensive policy package for the small-scale industry in August 30,2000, the National Small Industry Day is observed every year on the same date.
  • On 30 August 2001, the Ministry of Small-Scale Industries organized a Convention for all SSI Entrepreneurs.
  • The main reason for celebrating this day is to highlight the importance of having small scale industries and generating job opportunities for people living in both rural and urban areas. Also celebrates to provide a platform for the people who are running or working in small scale industries.