Weekly One Liners – 16th to 22nd of November 2020

Weekly One Liners – 16th to 22nd of November 2020 

RBI puts Lakshmi Vilas Bank under moratorium 

The Reserve Bank of India (RBI) has placed cash strapped Lakshmi Vilas Bank (LVB) under a moratorium for a period of one month and restricted withdrawals at Rs 25,000 for depositors, owing to a serious deterioration in the lender’s financial position. The central bank also superseded the board of directors of LVB for a period of 30 days owing to a serious deterioration in the financial position of the bank. The move was announced through an order by the Ministry of Finance. 

Reserve Bank has come to the conclusion that in the absence of a credible revival plan, with a view to protecting depositors’ interest and in the interest of financial and banking stability, there is no alternative but to apply to the Central Government for imposing a moratorium under section 45 of the Banking Regulation Act, 1949. 

Lakshmi Vilas Bank to be merged with DBS: 

•    The RBI has also drafted a scheme of amalgamation for LVB with DBS Bank India Ltd. and aims to complete the merger process before the moratorium period ends. 

•    DBS Bank India Ltd (DBIL) is a wholly-owned subsidiary of DBS Bank Ltd, Singapore (“DBS”), which in turn is a subsidiary of Asia’s leading financial services group, DBS Group Holdings Limited. 

•    The bank invited suggestions and objections, if any, from members, depositors and other creditors of transferor bank (LVB) and transferee bank (DBIL), on the draft scheme. 

•    DBIL will bring in additional capital of ₹2,500 crore upfront, to support credit growth of the merged entity. 

RBI creates Reserve Bank Innovation Hub to boost financial inclusion 

The Reserve Bank of India has created a Reserve Bank Innovation Hub (RBIH). The aim of Innovation Hub is to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation. RBIH will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts for exchange of ideas and development of prototypes related to financial innovations. 

About Reserve Bank Innovation Hub Management: Reserve Bank Innovation Hub (RBIH) would be managed by a Governing Council (GC) consisting of 10 members (including a chairperson). Shri Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, has been appointed as the first Chairperson of the RBIH. 

PM Modi Virtually Attends 12th BRICS Summit 

Prime Minister Narendra Modi has virtually addressed the 12th (BRICS) Summit. The Summit was held under the Chairmanship of Russian President Vladimir Putin. India will be taking over the Chairmanship of the BRICS in 2021 and host the 13th BRICS Summit in 2021. It would be the third time that India will take over the BRICS Presidency since its inception. Previously India was the Chair in 2012 and 2016. 

The theme of the 12th edition of BRICS Summit was “Global stability, shared security and innovative growth”. The key issues discussed by the leaders included intra-BRICS cooperation and other key issues in the global context, like the reform of the multilateral system, measures to mitigate the impact of the ongoing COVID-19 pandemic, cooperation in Counter-Terrorism, trade, health, energy and people to people exchanges. 

PM Narendra Modi unveils Swami Vivekananda’s statue on JNU 

Prime Minister Narendra Modi has unveiled a statue of Swami Vivekananda in Jawaharlal Nehru University Campus, New Delhi through video conferencing. It took renowned sculptor Naresh Kumawat seven months to complete this statue of Swami Vivekananda on the JNU campus. Located about 300 metres from a statue of India’s first prime minister, the statue of Swami Vivekananda is about three feet taller than that of Jawaharlal Nehru.   

The event was also attended by Union Minister for Education Ramesh Pokhriyal Nishank and JNU vicechancellor Jagadesh Kumar. 

SpaceX launches 4 astronauts into space 

SpaceX has launched Four Astronauts (3 Americans, 1 Japanese) to the International Space Station on the first full-fledged taxi flight for NASA (National Aeronautics and Space Administration) by a private company. They were launched by Falcon Rocket from the Kennedy Space Center. 

The capsule has been named as “Resilience”. The crew was led by Commander Mike Hopkins, Shannon Walker, Victor Glover (First Black Astronaut on a long-term space station) mission and Japan’s Soichi Noguchi (First person in 40 years to launch on three types of spacecraft). 

National Affairs 

•    Central Board of Indirect Taxes and Customs (CBIC) Chairman M. Ajit Kumar, along with members of the Board inaugurated the GST Bhawan, Panchkula,  Haryana. The state of the art building will house the offices of Central GST at Panchkula. It has been built at a cost of about 31 crores rupees. 

•    The Government of India, the Government of Meghalaya and the World Bank has signed a $120million project to improve and modernize the transport sector of Meghalaya. This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism. The $120 million loans from the International Bank for Reconstruction and Development (IBRD), has a maturity of 14 years including a grace period of six years. The International Bank of Reconstruction and Development (IBRD) is a development bank administered by the World Bank. 

•    Union Minister of Communications, Electronics & Information Technology and Law and Justice, Ravi Shankar Prasad has released a “My Stamp on Chhath Puja”. My Stamp is an innovative concept initiated by the Department of Posts. Any common person or corporate organisation can now book order and get a personalised photograph or an image of a Postage Stamp. 

•    Union Minister for Food Processing Industries, Narendra Singh Tomar has virtually inaugurated the capacity building component of the Pradhan Mantri Formalisation of Micro food processing Enterprises scheme (PM-FME Scheme). PM-FME Scheme has been launched with an outlay of Rs 10,000 crore for a period of five years from 2020-21 to 2024-25. He also launched the GIS One District One Product (ODOP) digital map of India. 

•    The Union Health Minister Dr Harsh Vardhan has addressed the 33rd Stop TB Partnership Board meeting in New Delhi through Video Conference. During the meet, the minister has stressed on the need to create a mass movement for the elimination of TB with strategized advocacy, thought leadership, disruptive social entrepreneurship, powerful, societal and political commitment. 

•    It must be noted that India is running the “TB Harega, Desh Jeetega” campaign that targets to achieve the Sustainable Development Goal target related to TB by 2025, five years ahead of the global target of 2030. 

•    Prime Minister of India Narendra Modi and Bhutan Prime Minister Lotay Tshering virtually launched RuPay card Phase-II, to allow Bhutanese cardholders to access RuPay network in India. In August 2019, PM Modi and his Bhutanese counterpart jointly launched Phase-I of the project. Phase-II will now allow Bhutanese cardholders to access RuPay network in India. 

States in the News 

•    The Chief of Janata Dal (United), Nitish Kumar has taken an oath as the Chief Minister of Bihar and he will begin his 7th term on 16th November 2020. Bihar Governor Phagu Chauhan administered the oath of office and secrecy to Mr Kumar at Raj Bhavan in Patna. BJP legislature party leader Tarkishore Prasad and Deputy leader Renu Devi have been made the new Deputy Chief Ministers.

•    The Madhya Pradesh government, led by Chief Minister Shivraj Singh Chouhan, has decided to set up a ‘Gau Cabinet’ for the protection, conservation and promotion of cows in the state. The Cabinet will comprise of the departments of animal husbandry, forests, panchayat and rural development, revenue, home and farmers welfare. 

•    The world heritage site of Hampi, the erstwhile capital of the Vijayanagar empire, will soon be part of a new district. The Karnataka Government has approved to carve out Vijayanagara as a new district of the state. Vijayanagara will be the 31st district of the State. The new district would be carved out of Ballari and named after the Vijayanagara empire that ruled from this region. 

International Affairs 

•    Japan and Australia have signed a ‘landmark’ defence pact in a bid to counter China’s growing influence in the South China Sea and over the Pacific island nations. The deal called Reciprocal Access Agreement (RAA) was signed between Japanese Prime Minister Yoshihide Suga and his Australian counterpart Scott Morrison. 

•    Maia Sandu has won Moldova’s presidential election after a run-off vote against the incumbent Igor Dodon. Ms Sandu has won 57.7% of the vote compared to Mr Dodon’s 42.2%. Sandu is a former World Bank economist who favours closer ties with the European Union. Mr Dodon, meanwhile, is openly backed by Russia. 

Agreements/MoUs Signed 

•    Department of Investment and Public Asset Management (DIPAM) has signed an agreement with the World Bank, to provide advisory services to DIPAM for asset monetization. DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of the value of 100 crore and above. DIPAM has a framework for monetizing non-core assets. 

•    The Government of India and the New Development Bank(NDB) have signed a loan agreement for lending USD 500 million for the ‘Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project’. This Regional Rapid Transit System provide fast, reliable, safe and comfortable public transport system in the National Capital Region (NCR). 

Books and Authors 

• Defence Minister Rajnath Singh has unveiled two books ‘The Republican Ethic Volume III’ and ‘Loktantra Ke Swar’ which are a collection of selected speeches of President Ram Nath Kovind during the third year of his presidency. Information and Broadcasting Prakash Javadekar unveiled the e-book versions of the two books. 

Banking/Economy/Business News 

•    SBM Bank India, the wholly-owned subsidiary of State Bank of Mauritius has partnered with Fintech PayNearby to launch a neo banking platform. Both firms signed a Memorandum of Understanding (MoU) to build an “open banking” network towards delivering basic banking solutions as well as advanced financial services, to their customers. 

•    The Reserve Bank of India has imposed a penalty of Rs 1 crore on Punjab National Bank for violating the Payment and Settlement Systems Act, 2007. Punjab National Bank was operating a bilateral ATMsharing arrangement with Druk PNB Bank Ltd., Bhutan, since April 2010 without prior approval or authorisation from India’s banking regulator. 

•    Equitas Small Finance Bank has launched a women centred product ‘Eva’. The Bank has roped in Indian Woman cricketer Smriti Mandhana as the brand ambassador for its newly launched product ‘EVA’. Eva is unique savings account for women to address the well-being of Indian women in every aspect such as health, wealth and prosperity. 

•    Karnataka Bank launched CASA (current account, savings account) mobilisation campaign which will run from November 17 to March 4, 2021. The bank stated that it intends to mobilise over 4.10 lakh current and savings accounts with an accretion of 650 crores of business. With this campaign, the bank intends to introduce its attractive and superior line of digitally powered savings and current account products to its customers. 

•    HDFC Bank & IndusInd Bank have been put in the ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits. A listed company enters the list when the available legroom for overseas investment is less than 3% of the permissible limit. FPIs can invest up to 74% in both HDFC Bank and IndusInd Bank. 

•    The Investment bank, Goldman Sachs has revised upwards the growth forecast for India in FY21 to 10.3% from its earlier projection of -14.8% in September 2020. For the financial year 2021-22 (FY22), the Goldman Sachs has projected India’s GDP at 13%. 

•    Moody’s Investors Service has revised India’s GDP growth forecast to -10.6 per cent for the current fiscal 2020-21 (FY21), in its November 2020 update, from its earlier estimate of -11.5 per cent in September 2020. For next fiscal 2021-22, Moody’s projected India to grow at 10.8 per cent, as against the previous estimate of 10.6 per cent. 

•    Barclays has revised down its GDP forecast for India in the current fiscal year 2020-21 (FY21) to – 6.4% from its earlier estimate of – 6%. However, Barclays has raised its FY22 (2021-22) growth forecast to 8.5 per cent from 7 per cent. 

•    Forecasting firm Oxford Economics predicts that India’s post-COVID-19 scars could be among the worst in the world. It expects India’s growth equilibrium to worsen substantially over the medium term, with potential growth averaging just 4.5% over 2020-2025, from its pre-pandemic projection of 6.5%. The fiscal deficit is also expected to widen 7% of GDP in 2020-21. 

Appointments/Resignations 

• The Union government has extended the tenure of Enforcement Directorate (ED) Director Sanjay Kumar Mishra by a year after modifying his appointment order that was issued in 2018. His tenure was to end next week as the ED director’s post comes with a fixed term of two years. 

Defence News 

•    India successfully test-fired the Quick Reaction Surface to Air Missile (QRSAM) system off the coast of Balasore in Odisha. The system achieved a major milestone by a direct hit on to a Banshee Pilotless target aircraft at medium range and medium altitude. Indian forces have carried out at least seven tests earlier of the missile system. 

•    The second phase of Exercise Malabar 2020 has been organised in the Northern Arabian Sea from 17 to 20 November 2020. The first Phase of Exercise Malabar 2020 was conducted in the Bay of Bengal from 03 to 06 November 2020. Exercise Malabar 2020 is the 24th edition of MALABAR. The second phase will witness joint operations, centred around the Vikramaditya Carrier Battle Group of the Indian Navy and Nimitz Carrier Strike Group of the US Navy.  

•    The 30th edition of India-Thailand Coordinated Patrol (Indo-Thai CORPAT) was held between the Indian Navy and the Royal Thai Navy. The Indian Naval Ship (INS) Karmuk, an indigenously built Missile Corvette and Thailand Ship (HTMS) Kraburi, a Chao Phraya Class Frigate along with Dornier Maritime Patrol Aircraft from both the navies participated in the CORPAT. 

Awards and Recognitions 

•    Sadat Rahman from Bangladesh has been awarded the prestigious International Children’s Peace Prize 2020. He was awarded the prize for his involvement in setting up his social organization and mobile app ‘Cyber Teens’ to stop cyberbullying. The award was presented to 17-year-old Sadat by Nobel Peace Prize laureate Malala Yousafzai, during a ceremony in the Netherlands. He was selected out of 142 applicants from 42 countries. 

•    Dr Susanta Kar, Senior Scientist, Molecular Parasitology and Immunology, Council of Scientific & Industrial Research- Central Drug Research Institute (CSIR-CDRI) was honoured with “Prof. A N Bhaduri Memorial Lecture Award 2020” by Society of Biological Chemists (India), Bengaluru. The award is given to him for his contribution towards defining the survival tactics of Leishmania Donovani. 

•    Union     Education Minister,     Ramesh Pokhriyal ‘Nishank’ will be conferred with the Vatayan Lifetime Achievement Award. This award will be conferred to the Minister for writing, poetry and other literary works. 

•    Scottish writer Douglas Stuart has won the 2020 Booker Prize for Fiction. He has been awarded for his debut novel, “Shuggie Bain”. The 44-year-old Stuart is only the second Scot to have won the prestigious literary prize. 

•    The North Police Station in Kohima was awarded ISO 9001:2015 certification for Quality Management System. It is the first government agency of the state that has received such recognition. The ISO certificate helps to ensure that the police personnel routinely evaluates its working and implement remedial measures, as and when required. 

Summit and Conference 

•    India has extended financial contribution of USD 1 million to the COVID-19 ASEAN Response Fund. This was announced by Prime Minister Narendra Modi at the 17th ASEAN-India Summit, which was held virtually. 

•    The External Affairs Minister Dr S. Jaishankar has represented India at the 15th East Asia Summit (EAS) on behalf of PM Modi. The Summit was chaired by the Prime Minister of Vietnam Nguyen Xuan Phuc because Vietnam is ASEAN Chair in 2020 (ASEAN holds the central role and leadership in the forum). All the 18 EAS countries participated in the virtual Summit.

•    The 8th BRICS Science, Technology and Innovation Ministerial Meeting was held through a virtual platform for Science and Technology cooperation among the member countries, which are Brazil, Russia, India, China and South Africa. The meeting was held under the Chairmanship of the Russian Federation. (Russia is the Chair for 12th BRICS Summit). The Union Minister of Science and Technology, Dr Harsh Vardhan represented the Indian delegation at the meeting.  

•    15 Asia Pacific countries have signed the world’s biggest free trade deal, led by China, on the sidelines of the 37th Association of Southeast Asian Nations (ASEAN) Summit. The deal called as ‘Regional Comprehensive Economic Partnership (RCEP)’, is the world’s largest trading bloc, comprising of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand. 

•    Prime Minister Narendra Modi has addressed the 3rd Annual Bloomberg New Economy Forum through video-conferencing. The forum witnessed discussions on refuelling the economy and charting a course for the future, as the world economy is grappling with the COVID-19 pandemic. 

•    The Prime Minister of India,  Narendra Modi, and the Prime Minister of the Grand Duchy of Luxembourg, Xavier Bettel, held the first-ever India-Luxembourg Virtual Summit. During the Summit, both parties agreed for enhanced cooperation in areas of trade, finance, steel, space, ICT, innovation, manufacturing, automotive, sustainable development, including through renewable energy, and the fight against climate change. 

Ranks and Reports 

•    According to the Department of Science and Technology (DST), Indian supercomputer, Param Siddhi has achieved 63rd rank in the list of 500 most powerful supercomputers in the world.  

•    India is placed at 77th position in the TRACE Bribery Risk Matrix 2020. India has achieved a score of 45 in a global list that measures business bribery risks of 2020. India’s rank stood 78 positions in 2019. It was a better performance than neighbouring nations such as Bangladesh, Pakistan, Nepal and China. But, Bhutan scored better than India and got 48th place in the list. 

Sports News 

•    Lewis Hamilton (Mercedes-Great Britain) has won the Turkish Grand Prix 2020 at Istanbul Park, Turkey. Sergio Perez (Racing Point-BWT- Mexico) secured the second position and Sebastian Vettel of Ferrari finished third. 

•    Serbian tennis star Novak Djokovic has given the ATP Tour No. 1 trophy on 15 November 2020, for finishing 2020 as the year-end No. 1 (world number one). With this, he has become the only second player in tennis history, after Pete Sampras, to receive the trophy sixth time. 

•    Indian cricketer, Sudeep Tyagi has announced his retirement from all forms of the cricket.  

•    The 2021 U-17 Women’s World Cup, which was scheduled to be held in India, has been cancelled due to the Coronavirus pandemic. It has also been decided that India will host the 2022 edition of the World Cup.  While Costa Rica will get the chance to host the 2022 U20 Women’s World Cup. 

•    The Board of Control for Cricket in India (BCCI) has announced its partnership with Mobile Premier League (MPL) Sports, the athleisure wear and sports merchandise brand from Mobile Premier League, India’s largest esports platform, as the new kit sponsor and official merchandise partner for the Indian Cricket Team. 

Important Days 

•    The United Nations observes “International Day for Tolerance” on 16th November every year. The United Nations is committed to strengthening tolerance by fostering mutual understanding among cultures and peoples. In 1994, UNESCO marked the 125th anniversary of Mahatma Gandhi’s birth paving the way for the proclamation of 16 November as the International Day for Tolerance by the UN. 

•    National Press Day is observed on 16th November every year to celebrate free and responsible press in India. On this day the Press Council of India started functioning as a moral watchdog to ensure that the press maintains high standards and is not constrained by any influence or threats. 

•    The National Naturopathy Day is observed in India on 18 November every year, to promote positive mental and physical health through a drugless system of medicine, called as Naturopathy. 

•    World Day of Remembrance for Road Traffic Victims is marked every year on Third Sunday in the month of November. In 2020, World Day of Remembrance for Road Traffic Victims falls on 15 November 2020. The theme of 2020 World Day of Remembrance for Road Traffic Victims is “First Responders”.  

•    In India, November 17 is observed every year as National Epilepsy Day, to create awareness about epilepsy. The month of November is observed as ‘National Epilepsy Awareness Month’. This National Epilepsy Day is observed by the Epilepsy Foundation of India. 

•    World Toilet Day (WTD) is observed globally on 19 November to inspire action to tackle the global sanitation crisis. The day was established by the World Toilet Organization in 2001 and officially declared by the UN General Assembly in 2013. This year the theme remarks on the importance of “Sustainable sanitation and climate change”. 

•    World Philosophy Day is observed on the third Thursday of November every year. This year World Philosophy Day falls on 19 November 2020.  

•    World COPD Day is observed on the third Wednesday of November every year to raise awareness about chronic obstructive pulmonary disease (COPD) and improve COPD care throughout the world. World COPD Day 2020 falls on 18 November 2020. The 2020 theme: Living Well with COPD-Everybody, Everywhere. 

•    World Children’s Day is observed globally on 20 November every year. The day is celebrated to promote international togetherness, awareness among children worldwide, and improving children’s welfare. 

•    Africa Industrialization Day is celebrated on November 20 each year. It is a time when governments and other organizations in many African countries examine ways to stimulate Africa’s industrialization process. Theme 2020: “Inclusive and sustainable industrialisation in the AfCFTA era”. 

•    World Television Day is observed on 21 November every year. The day is observed to acknowledge the role of broadcast media. On this day, the journalists, writers, bloggers, and others who are associated with the medium promote the role of television in communication and globalization. 

•    World Fisheries Day is celebrated on 21 November every year throughout the world by the fisherfolk communities. It highlights the importance of healthy oceans ecosystems and to ensure sustainable stocks of fisheries in the world. 2020 is the fourth World Fisheries Day. 

•    In India, the National Newborn Week 2020 is observed every year from 15 to 21 November. Union Minister of Health and Family Welfare, Dr Harsh Vardhan has chaired an event to mark the National Newborn Week 2020. The theme of National Newborn Week 2020 is ‘Quality, Equity, Dignity for every newborn at every health facility and everywhere’. 

Obituaries 

•    Noted journalist and writer Ravi Belagere passed away. He was from Karnataka. He was famous for writings on the crime world and his column ‘Paapigala Lokadalli’ was very popular. 

•    The legendary Bengali actor and Dadasaheb Phalke award recipient Soumitra Chatterjee passed away. He became famously known after his collaborations with Oscar-winning film director Satyajit Ray, with whom he worked in fourteen films. He had won a number of awards in home and abroad. 

•    Former Lt Governor of Pondicherry, Chandrawati passed away. She has a number of 1st to her credit as she was the 1st Member of Parliament (1977), the 1st MLA, 1st minister (1964-66 and 1972-74) & 1st leader of Opposition in the Haryana assembly (198285). 

•    Physicist Masatoshi Koshiba, who shared 2002 Nobel prize for the detection of cosmic neutrinos, passed away. Koshiba’s most famous work involved detecting neutrinos from a distant supernova explosion using a vast detector based in a mine in central Japan. Koshiba, a distinguished professor at the University of Tokyo. 

•    Rajasthan Social Justice and Empowerment Minister Bhanwarlal Meghwal passed away. The five-time MLA represented the Sujangarh assembly constituency of Churu district of the state. 

•    Former Governor of Goa and veteran BJP leader, Mridula Sinha passed away. She was the first woman Governor of Goa.  

Miscellaneous News 

•    The Lonar Lake in Buldhana district of Maharashtra has been chosen as a wetland site of international importance under the Ramsar conservation treaty. 

•    On the occasion of Children’s Day, a first-of-its-kind in the world, library on the tram for children was launched in Kolkata, West Bengal. A tram is a rail vehicle that runs on tramway tracks along public streets. 

•    The Keetham lake, also known as Sur Sarovar, in Agra of Uttar Pradesh has been added to the list of Ramsar sites. More than 106 species of migratory birds rest in Sur Sarovar lake. The water of the lake is obtained from Agra Canal. The canal originates from Okhla barrage on River Yamuna in Delhi. 

•    Prime Minister Narendra Modi has virtually unveiled the ‘Statue of Peace’ dedicated to Jain Monk Acharya Shree Vijay Vallabh Surishwarji Maharaj. The 151inch (12.6 ft) tall statue was inaugurated by PM Modi on the occasion of the 151st birth anniversary of Acharya Shree Vijay Vallabhsuri, at Vijay Vallabh Sadhana Kendra, Jetpura, in Pali, Rajasthan. 

•    The first solar power-enabled Textile Mill in Asia is set to be set up in Parbhani district, Maharashtra. Spread across 30 acres of land, the Jai Bhawani women’s cooperative textile mill will be first in Asia that will operate entirely on solar power. The overall cost of setting up the project is around Rs. 100 crore. 

•    Mastercard and the United States Agency for International Development (USAID) have collaborated under Women’s Global Development and Prosperity Initiative (W-GDP) to launch ‘Project Kirana’ in India, to help women entrepreneurs grow and thrive. 

Static Takeaways 

•    CBIC Founded: 1 January 1964. •     CBIC Headquarters: New Delhi. 

•    Meghalaya Chief Minister: Conrad Sangma. 

•    Meghalaya Governor: Satya Pal Malik. 

•    Meghalaya Capital: Shillong. 

•    Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala. 

•    Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel. 

•    Moldova Capital: Chișinău. 

•    Moldova Currency: Moldovan leu. 

•    Japan Capital: Tokyo. 

•    Japan Currency: Japanese yen. 

•    Japan Prime minister: Yoshihide Suga. 

•    Prime Minister of Australia: Scott Morrison. 

•    The currency of Australia: Australian dollar. 

•    Capital of Australia: Canberra. 

•    Headquarters of World Bank: Washington, D.C., United States. 

•    President of World Bank: David Malpass. 

•    SBM Bank (India) Limited Headquarters: Mumbai, Maharashtra. 

•    SBM Bank (India) Limited MD and CEO: Sidharth Rath. 

•    SBM Bank (India) Limited Commenced Operations– 1st December 2018. 

•    SBM Bank (India) Limited Tagline: We make banking convenient for you. 

•    Punjab National Bank Headquarters: New Delhi. 

•    Punjab National Bank MD and CEO: S. S. Mallikarjuna Rao. 

•    Punjab National Bank Founded: 19 May 1894, Lahore, Pakistan. 

•    Lakshmi Vilas Bank Headquarters: Chennai, Tamil Nadu. 

•    Lakshmi Vilas Bank Founded: 1926. 

•    Lakshmi Vilas Bank President: Avtar Singh Monga. 

•    Governor of RBI: Shaktikanta Das. 

•    Deputy Governors of RBI: BP Kanungo, MK Jain, MD Patra and Rajeshwar Rao. 

•    Headquarters of RBI: Mumbai, Maharashtra. 

•    Equitas     Small     Finance     Bank     Chairman: Arun Ramanathan. 

•    Equitas Small Finance Bank MD and CEO: Vasudevan Pathangi Narasimhan. 

•    Equitas Small Finance Bank Headquarter: Chennai, Tamil Nadu. 

•    Karnataka     Bank     Limited Headquarters: Mangaluru(Mangalore), Karnataka. 

•    Karnataka Bank Limited MD & CEO: Mahabaleshwara M.S. 

•    Karnataka Bank LimitedIncorporated: February 18th, 1924. 

•    Karnataka Bank Limited Tagline: ‘Your Family Bank Across India’. 

•    Enforcement Directorate Founded: 1 May 1956. 

•    Enforcement Directorate Headquarters: New Delhi, 

India. 

•    Headquarters of FIFA: Zürich, Switzerland. 

•    President of FIFA: Gianni Infantino. 

•    President of BCCI: Sourav Ganguly. 

•    Headquarters     of     BCCI:     Mumbai, Maharashtra; Founded: December 1928. 

•    MPL Founded: September 2018 

•    Headquarters of MPL: Bengaluru, Karnataka. 

•    Co-Founder and CEO of MPL: Sai Srinivas Kiran G. 

•    Minister of State (IC) of the Ministry of AYUSH: Shripad Yesso Naik. 

•    World Toilet Organization Headquarters: Singapore. 

•    World Toilet Organization Founder and Director: Jack Sim. 

•    World Toilet Organization Founded: 19 November 2001. 

•    Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari. 

•    Chief Minister of West Bengal: Mamata Banerjee; Governor: Jagdeep Dhankhar.  

•    Mastercard Headquarters: New York, United States. 

•    Mastercard President: Michael Miebach. 

•    Mastercard     Chief     Executive     Officer(CEO):     Ajay Banga(Michael Miebach will take over as CEO by January 2021). 

•    Prime Minister of Thailand: Prayut Chan-o-cha. 

•    Thailand Capital: Bangkok. 

•    Thailand Currency: Thai baht. 

•    Bhutan Currency: Bhutanese ngultrum. 

•    New     Development     Bank     Headquarters     location: Shanghai, China. 

•    President of the New Development Bank: Marcos Troyjo. 

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