Current Affairs 13 November 2020

First Published on November 13, 2020 | Last Updated on 3 weeks

Current Affairs 13 November 2020, Current Affairs 2020, Current Affairs November 2020, 13 November 2020 Current Affairs: Daily Current Affairs is most dominant for various competitive exams like UPSC, SSC, Railway, NDA, AFCAT, DRDO, IBPS, SBI, etc. Current Affairs 13 November 2020 is very beneficial in every competitive exam like UPSC, SSC, Banking, Railway, Police, NDA, AFCAT & various other exams. Current Affairs 13 November 2020 which is very useful for various competitive exams like Banking, SSC, Railway, etc. We collect important current events from Press Information Bureau (PIB), The Economic Times, Business Standard, Zee News, Wion News, News on Air, The Hindu, ANI, Government Officials Twitter Account, and Various Sources.Current Affairs 1 November 2020, Current Affairs 2 November 2020, Current Affairs 3 November 2020, Current Affairs 4 November 2020, Current Affairs 5 November 2020, Current Affairs 6 November 2020, Current Affairs 7 November 2020, Current Affairs 8 November 2020, Current Affairs 9 November 2020, Current Affairs 10 November 2020, Current Affairs 11 November 2020, Current Affairs 12 November 2020, Current Affairs 13 November 2020, Current Affairs 14 November 2020, Current Affairs 15 November 2020, Current Affairs 16 November 2020, Current Affairs 17 November 2020, Current Affairs 18 November 2020, Current Affairs 19 November 2020, Current Affairs 20 November 2020, Current Affairs 21 November 2020, Current Affairs 22 November 2020, Current Affairs 23 November 2020, Current Affairs 24 November 2020, Current Affairs 25 November 2020, Current Affairs 26 November 2020, Current Affairs 27 November 2020, Current Affairs 28 November 2020, Current Affairs 29 November 2020, Current Affairs 30 November 2020, Current Affairs November 2020, Current Affairs Quiz November 2020

Daily Current Affairs 13 November 2020

Why is 13 November 2020 Current Affairs important?

Today we are sharing Current Affairs 13 November 2020 which is very useful for various competitive exams like Banking, SSC, Railway, etc. Today Current Affairs 13 November 2020 includes various important appointments, banking news, science, and technology news, awards, national and international news. Current Affairs 13 November 2020 which is very useful for various competitive exams like Banking, SSC, Railway, etc. Current Affairs 13 November 2020 is also useful for private jobs interview.

Banking/Economy News

Nirmala Sitharaman announced measures on AatmaNirbhar Bharat 3.0.

Important Points to Remember:

  • The following are the 12 key announcements under AatmaNirbhar Bharat 3.0:

1) Aatma Nirbhar Bharat Rozgar Yojana (Read All Government Schemes Here)

  • A new scheme to incentivize job creation during COVID-19 recovery has been launched. If EPFO-registered establishments take in new employees without EPFO registration or those who lost jobs earlier, the Yojana will benefit these employees.
  • Beneficiaries / New Employees under the scheme would be: any new employee joining employment in EPFO registered establishments on monthly wages less than Rs.15,000.
  • EPF members drawing monthly wages of less than Rs.15,000 who made exit from employment during COVID Pandemic from 01.03.2020 to 30.09.2020 and is employed on or after 01.10.2020.
    Central Govt. will provide subsidy for two years in respect of newly eligible employees engaged on or after 01.10.2020 at the following scale:
  • Establishments employing up to 1000 employees: Employee’s contributions (12% of Wages) & Employer’s contributions (12% of wages) totaling 24% of wages
  • Establishments employing more than 1000 employees: Only Employee’s EPF contributions (12% of EPF wages)
  • The scheme will be effective from October 1, 2020, and operational till 30th June 2021. Certain other eligibility criteria would have to be met, and the Central Government will provide subsidy for two years in respect of newly eligible employees.

2)Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers, and individuals (loans for business purposes), has been extended till March 31, 2021.

  • A Credit guarantee support scheme ECLGS 2.0 is being launched for the Healthcare sector and 26 stressed sectors with credit outstanding of above Rs. 50 crore and up to ₹ 500 Crores on 29.2.2020stressed due to COVID-19, among other criteria.
  • Entities will get additional credit up to 20% of outstanding credit with a tenor of five years, including a 1-year moratorium on principal repayment.
  • This scheme will be available till 31.3.2021.

3) Production Linked Incentive worth ₹ 1.46 Lakh Crore to 10 champion sectors.

  • 10 more Champion Sectors will be covered under the Production Linked Incentives Scheme to help boost the competitiveness of domestic manufacturing.
  • This will give a big boost to the economy, investment, exports, and job creation. A total amount of nearly 1.5 Lakh Crore has been earmarked across sectors, for the next five years.
  • The ten sectors are – Advance Cell Chemistry Battery, Electronic/Technology Products, Automobiles & Auto Components, Pharmaceuticals Drugs, Telecom & Networking Products, Textile Products, Food Products, High-Efficiency Solar PV Modules, White Goods (ACs & LED), and Specialty Steel.

4) ₹ 18,000 Crore Additional outlay for PM Awaas Yojana – Urban

  • A sum of Rs 18000 cr is being provided for PMAY- Urban over and above Rs. 8000 Crore already allocated this year.
  • This will help ground 12 Lakh houses and complete 18 Lakh houses, create additional 78 Lakh jobs and improve production and sale of steel and cement, resulting in a multiplier effect on the economy.

5) Support for Construction & Infrastructure – Relaxation of Earnest Deposit Money & Performance Security on Government Tenders

  • To provide ease of doing business and relief to contractors whose money otherwise remains locked up, performance security on contracts has been reduced from 5-10% to 3%.
  • It will also extend to ongoing contracts and Public Sector Enterprises. for tenders will be replaced by Bid Security Declaration.
  • The relaxations in the General Financial Rules will be in force till December 31, 2021.

6) Income Tax relief for Developers & Home Buyers

  • The differential between circle rate and agreement value in real estate income tax under Section 43 CA of IT Act has been increased from 10% to 20%.
  • This is for the primary sale of residential units up to ₹ 2 Crore (from date of announcement of this scheme, till June 30, 2021).
  • Consequential Relief up to 20% shall also be allowed to buyers of these units under section 56(2)(x) of the IT Act for the said period. Income Tax relief provides incentives to the middle class to buy homes.

7) Platform for Infra Debt Financing

  • The government will make ₹6,000 Crore equity investment in the debt platform of the National Investment and Infrastructure Fund (NIIF), which will help NIIF provide a debt of ₹ 1.1 Lakh Crore for infrastructure projects by 2025.

8) Support for Agriculture: ₹65,000 Crore for subsidized fertilizers

  • As fertilizer consumption is going up significantly, ₹65,000 Crore is being provided to ensure an increased supply of fertilizers to farmers to enable the timely availability of fertilizers in the upcoming crop season.

9) Boost for Rural Employment

  • An additional outlay of ₹10,000 Crore is being provided for PM Garib Kalyan Rozgar Yojana to provide rural employment. This will help accelerate the rural economy.

10) Boost for Project Exports

  • ₹3,000 Crore boost is being provided to EXIM Bank for promoting project exports under Indian Development and Economic Assistance Scheme (IDEAS Scheme).
  • This will help EXIM Bank facilitate Lines of Credit development assistance activities and promote exports from India.

11) Capital and Industrial Stimulus

  • ₹10,200 Crore additional budget stimulus is being provided for capital and industrial expenditure on domestic defence equipment, industrial infrastructure, and green energy.

12) R&D grant for COVID Vaccine

  • ₹900 Crore is being provided to the Department of Biotechnology for Research and Development of Indian COVID Vaccine.

Defence News

5th Scorpene submarine of Project-75 – ‘Vagir’ launched at Mazagon Dock.

Important Points to Remember:

  • 5th Scorpene submarine of Project-75 named ‘Vagir’ has been launched at Mazagon Dock Shipbuilders Limited (MDL) in Mumbai by Smt Vijaya Shripad Naik through video conferencing.
  • Vagir, ex-Russia, named after the Sand Fish, a deadly deep-sea predator of the Indian Ocean, was commissioned into the Indian Navy on December 3, 1973, and was decommissioned on June 7, 2001.

Important Days

World Kindness Day is observed every year on 13th November.

Important Points to Remember:

  • It was introduced in 1998 by the World Kindness Movement, a coalition of nations’ kindness NGOs.

Public Service Broadcasting Day is observed on 12th November.

Important Points to Remember:

  • Public Service Broadcasting Day is being observed on 12th November.
  • The day is celebrated every year to commemorate the only visit of Mahatma Gandhi to the studio of All India Radio, Delhi in 1947.

Birth Anniversary of ‘Birdman of India’ Salim Ali on 12th November.

Important Points to Remember:

  • Born in Mumbai on 12th November in 1896, Salim Moizuddin Abdul Ali was not only a bird lover but also a naturalist. He is often referred to as the ‘Birdman of India’. He was the first Indian to conduct systematic bird surveys across India and wrote several books.
  • He was awarded the Padma Bhushan in 1958 and the Padma Vibhushan in 1976, India’s third and second highest civilian honors.
  • Salim Ali received the Gold Medal of the British Ornithologists’ Union in 1967. He was the first non-British citizen to receive the honor.

Obituaries/Deaths

Noted Actor Asif Basra passed away.

Science and Technology

Indian scientists developed energy-efficient smart screens.

Important Points to Remember:

  • Indian scientists have developed an eco-friendly smart screen from groundnut shells that could help not only in preserving privacy but also in energy conservation by controlling light and heat passing through it and reducing air conditioning load.

State News

Bihar got its first Ramsar site at Kabartal in Begusarai.

  • With this, now India has 39 Ramsar sites.
  • The aim of the Ramsar sites is to develop and maintain an international network of wetlands which are important for the conservation of global biodiversity.
  • Wetlands declared as Ramsar sites are protected under strict guidelines of the Ramsar’s convention on wetlands.

Current Affairs Quiz Questions Answers

Current Affairs 13 November 2020 Quiz and Answers

Today we are sharing Current Affairs 13 November 2020 which is very useful for various competitive exams like Banking, SSC, Railway, etc. Today Current Affairs 13 November 2020 includes various important appointments, banking news, science, and technology news, awards, national and international news. Current Affairs 13 November 2020 which is very useful for various competitive exams like Banking, SSC, Railway, etc. Current Affairs 13 November 2020 is also useful for private jobs interview.

1. When is World Kindness Day observed every year?
a) 12 November
b) 13 November
c) 11 November
d) 10 November

Correct Answer: B (13 November)

Explanation: World Kindness Day is observed every year on 13th November. It was introduced in 1998 by the World Kindness Movement, a coalition of nations’ kindness NGOs.

Show Answer

2. When is Public Service Broadcasting Day 2020 observed?
a) 12 November
b) 13 November
c) 11 November
d) 10 November

Correct Answer: A (12 November)

Explanation: Public Service Broadcasting Day is being observed on 12th November. The day is celebrated every year to commemorate the only visit of Mahatma Gandhi to the studio of All India Radio, Delhi in 1947.

Show Answer

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