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Important Current Affairs 23rd November 2020

                                                                                                                     National

India becomes 4th nation to have navigation satellite system as IRNSS Gets IMO Recognition

• The Indian Regional Navigation Satellite System (IRNSS) has been recognised by the International Maritime Organisation (IMO) as a part of the World Wide Radio Navigation System (WWRNS) for operation in the Indian Ocean Region.

• With this, India has become the only fourth country in the world to have its independent regional navigation satellite system recognised by IMO.

• The other three countries that have its navigation systems recognised by the IMO are the US [Global Position System (GPS)], Russia and China.

• The IRNSS will  now be officially used to provide accurate position information services to assist in the navigation of ships in Indian ocean waters within the area of approximately 1,500 km from the Indian boundary

PM Modi called for Spirit of trusteeship towards planet Earth at 15th G20 Summit

• Prime Minister Narendra Modi participated in the 15th G20 Leaders Summit on November 21, 2020. The two-day summit was convened by Saudi Arabia, chair of G20 for this year.

• The summit saw the participation of the heads of governments of 19 member countries, the European Union and other invited countries and international organizations. It was conducted virtually due to the C -19 pandemic.

• While speaking at the summit, PM Narendra Modi congratulated the Kingdom of Saudi Arabia and its leadership for its successful Presidency of the G20 in 2020 and for organizing the second virtual G20 Summit in 2020 despite the challenges posed by the C-19 outbreak.

Second Trilateral Maritime Exercise SITMEX-20 held in Andaman Sea

• The 2nd edition of India, Singapore and Thailand Trilateral Maritime Exercise SITMEX-20 was conducted from 21 to 22 November 20 in Andaman Sea.

• The 2020 edition of the exercise is being hosted by Republic of Singapore Navy (RSN).

• Indian Navy (IN) Ships including indigenously built ASW corvette Kamorta and missile corvette Karmuk participated in the exercise.

• The SITMEX series of exercises are conducted to enhance mutual inter-operability between IN, RSN and Royal Thai Navy (RTN) and also strengthen mutual confidence and develop common understanding and procedures towards enhancing the overall maritime security in the region. 

• The first edition of SITMEX was hosted by Indian Navy in 2019 off Port Blair.

                                                                                                             International

China to launch spacecraft to Moon to bring back lunar rocks, first attempt since 1970s

• China is all set to launch an unmanned spacecraft to the moon this week for bringing back the lunar rocks. It will be the first attempt by any nation in the world for retrieving the samples from the natural satellite of Earth since the 1970s.

• Named after the ancient Chinese Goddess of the moon, Chang’e-5 probe will seek on collecting the materials from the moon. It will help the scientists to understand more about its origin and surface.

• If China becomes successful in its mission, it will become the third country to retrieve moon samples, following the Soviet Union and the United States decades ago. The mission will also be testing China’s ability to remotely acquire the samples from space.

• China also plans on retrieving the samples from Mars by 2030. In July 2020, China had also launched an unmanned probe to Mars. It was its first independent mission to another planet.

                                                                                               Banking and Economy

Bank Credit Rises 5.67%, Deposits Up 10.63%, RBI Data Shows

• Bank credit grew by 5.67 per cent to Rs 104.04 lakh crore, while deposits increased by 10.63 per cent to Rs 143.80 lakh crore in the fortnight ended November 6, according to RBI data.

• In the fortnight ended November 8, 2019, bank credit stood at Rs 98.46 lakh crore and deposits at Rs 129.98 lakh crore.

• On a year-on-year basis, non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month of the previous year.

• Credit to industry recorded ‘nil’ growth in September 2020 as compared to 2.7 per cent rise in September 2019.

• Credit to agriculture and allied activities rose by 5.9 per cent during the reporting month, as against a growth of 7 per cent in the same month last year.

• Loan growth to the services sector accelerated to 9.1 per cent in September 2020 from 7.3 per cent in September 2019.

• Personal loans registered a growth of 9.2 per cent in the month compared to 16.6 per cent growth in September 2019.

RBI becomes world’s first central bank with a million Twitter followers

• Reserve Bank of India, in a first among Central Banks, has become the first monetary authority that has gained 1 million followers on its official Twitter Handle.

• Shaktikanda Das, RBI Governor congratulated his colleagues on this occasion. He also has a separate Twitter Handle with 1.37 lakh followers. He shared the news of achievement through Twitter and congratulated everyone for the new milestone.

• India’s monetary authority has beaten the European Central Bank and US Federal Reserve on Twitter by becoming the most popular central bank to be followed on the microblogging site. Currently, the Reserve Bank of India is followed by as many as 10,00,513 followers on Twitter.

                                                                                                             Awards

Department of Fisheries presents Fisheries Sector Awards for the first time on World Fisheries Day

• Department of Fisheries presents Fisheries Sector Awards for the first time on World Fisheries Day The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying awarded best performing States for 2019-20 on 21 November 2020 on the occasion of the ‘World Fisheries Day’, to recognise their accomplishments in the field and their contribution into the growth of the sector. 

Top States

1. Marine states – Odisha

2. Inland states – Uttar Pradesh

3. Hilly and NE states – Assam

Top Organisations

1. Tamil Nadu Fisheries Development Corporation Ltd. (for Marine)

2. Telangana State Fishermen Cooperative societies Federation Ltd (for Inland)

3. Assam Apex Cooperative Fish Marketing and Processing Federation Ltd. (for Hilly region)

Top Districts

1. Best Marine District – Krishna District, Andhra Pradesh

2. Best Inland District – Kalahandi, Odisha

3. Best Hilly and NE District – Nagaon, Assam