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Important Current Affairs 24th November 2020

                                                                                                         National

India to host G-20 Summit in 2023

• India will host the Summit of the G20 Group in 2023. India was earlier slated to host the summit in 2022.

• However, now the G20 Summit be be hosted by Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024.

• India and Indonesia have swapped their respective hosting year of G20 as Indonesia would also chair the Association of Southeast Asian Nations (ASEAN) in 2023.

5th India International Cherry Blossom Festival cancelled

• The 5th India International Cherry Blossom Festival has been cancelled due to C-19 pandemic. The festival is held every year in Shillong, the capital of Meghalaya, to celebrate the unique autumn flowering of the Himalayan cherry blossoms and mark the beginning of India’s version of autumn.

• Every year, Shillong hosts a plethora of events like fitness art, fashion show, rock concerts and much more to mark the festival.

                                                                                                      International

Malaysia hosted 2020 APEC Summit

• The 2020 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting was held under the Chairmanship of Malaysian Prime Minister Tan Sri Muhyiddin Yassin.

• This was the first time that all 21 APEC Economic Leaders met virtually due to the ongoing COVID-19 pandemic. The APEC 2020 ended with the adoption of the APEC Putrajaya Vision 2040 and the 2020 Kuala Lumpur Declaration. The APEC Summit 2021 will be hosted by New Zealand. This is the second time Malaysia hosted an APEC meeting, having hosted one in 1998.

• The theme of the APEC Malaysia 2020 was “Optimising Human Potential Towards a Resilient Future of Shared Prosperity: Pivot. Prioritise. Progress”.

                                                                                                Banking and Economy

LIC launches 1st digital app ‘ANANDA’

• Life Insurance Corporation of India has launched a digital application for agents for onboarding to get a life insurance policy. The Digital Application is called “ANANDA”, which is an acronym for Atma Nirbhar Agents NewBusiness Digital Application.

• The Digital application is a tool for the onboarding process to get the life insurance policy through a paperless module with the help of the agent or intermediary.

                                                                                      Acquisitions and Mergers

IBM to Acquire SAP Consulting Partner TruQua

• IBM said that it has acquired TruQua, an IT services and consulting company focused on SAP’s finance and analytics technologies.

• Big Blue said the deal will support its hybrid growth strategy and expand its breadth of consulting services.

• IBM said the deal is expected to close in Q4 2020. Financial terms of the deal were not disclosed.

                                                                                         Science and Technology

Indian Navy gets 9th P-8I anti-submarine warfare aircraft

• Indian Navy has got its ninth Boeing P-8I long-range maritime reconnaissance and anti-submarine warfare aircraft, part of the nearly $1 billion deal with the US for four additional planes signed in 2016.

• India, which had first signed a contract for eight such aircraft in 2009, is also negotiating a deal for six more P-8Is with the US under the government-to-government route. While the ninth aircraft was scheduled to be handed over to the Indian Navy in July this year, the C-19 pandemic delayed plans.

• The remaining three are scheduled to be handed over to India in 2021. Incidentally, the aircraft, the latest of which landed at INS Hansa in Goa.

                                                                                                            Obituary

Former Assam Chief Minister Tarun Gogoi passes away

• Three-time Assam Chief Minister from Congress party Tarun Gogoi, has passed away after been undergoing treatment for post-Covid complications. He was 84.

• Tarun Gogoi had served as the Chief Minister of Assam between 2001 and 2015.He was the longest serving chief minister of Assam.

• Apart from this, Gogoai had also served as the food and food processing industry minister in the Union Cabinet of India under Prime Minister Narasimha Rao between 1991 and 1996.

Sahitya Academy award winner Shaik Khaja Hussain passes away

• Noted Telugu poet, journalist, scriptwriter Shaik Khaja Hussain, has passed away after brief illness. He was 70.

• Popularly known as Devi Priya, the renowned poet bagged the Kendra Sahitya Akademi Award in 2017, for his book Gaali Rangu.

                                                                                                             Sports

Daniil Medvedev beat Dominic Thiem to win ATP Tour Finals 2020

• In Tennis, Daniil Medvedev (Russia) beat Dominic Thiem (Austria) to win the 2020 ATP Tour Finals, 4-6, 7-6, 6-4, held in London on 22 November 2020.

• This is the biggest title of his career. The 24-year-old will finish the year at fourth position in the world rankings.

• In the doubles final, Dutch-Croatian duo Wesley Koolhof and Nikola Mektic claimed their first title together after surpassing Jurgen Melzer and Edouard Roger-Vasselin 6-2, 3-6, 10-5.