1.Miscellaneous

World Development Information Day: 24 October

World Development Information Day is observed by the United Nations every year on October 24.

The objective of the day is to draw the attention of world public opinion to development problems and the need to strengthen international cooperation to solve them for overall growth and development.

The day was established by the UN General Assembly in 1972.

The day was established to draw the attention of the world to development problems and the need to strengthen international cooperation to solve them. 

2.International Affairs

Pakistan remains in “Grey List” of FATF

The Financial Action Task Force (FATF) has decided via vote to keep Pakistan under its Grey List. 

The decision was taken as Pakistan has failed to comply with the 27 parameters set by the FATF and has completed only 21.

The decision has been taken based on a report called “Follow up report on mutual evaluation of Pakistan”, which was submitted by the Asia-Pacific Group of FATF.

The decision will result in Pakistan facing problems in getting the financial aid from International organisations.

3.Business and Finance

Mastercard collaborates with Atlantis to expand Digital First Program in India

Mastercard has partnered with Atlantis to expand the Digital First Program in India.

The collaboration aims to provide the users of Mastercard, a technology solution that enables them to enjoy a best-in-class digital banking experience.

Post the launch in India, the partnership will be expanding to Malaysia, Singapore and Thailand.

The partnership will allow the users of the Mastercard to have immediate account access and convenient payments.

Quick Fact: The president of Mastercard is Michael Miebach.

4.Miscellaneous

World Polio Day: 24 October

The World Polio Day is observed worldwide annually on October 24.

The day is observed to raise awareness for polio vaccination and eradication of polio.

The day also aims to provide an opportunity to highlight global efforts toward a polio-free world and honour the tireless contributions of those on the frontlines in the fight to eradicate polio from every corner of the globe.

Rotary International established the day to commemorate the birth of Jonas Salk.
Quick Fact: Theme for World Polio Day 2020 is “A win against polio is a win for global health.”

5.International Affairs

Andorra has joined IMF as its 190th member

Andorra joined the International Monetary Fund (IMF), to become its 190th member.

Andorra is a microstate located between France and Spain.

It is the largest microstate in Europe.

IMF’s membership will allow the Andorran government to benefit from IMF policy advice, especially as the country tackles the crisis caused by COVID-19.
Quick Fact: The Capital of Andorra is Andorra la Vella.

6.National Affairs

NITI Aayog constitutes a panel for reforms in urban planning education

NITI Aayog constituted a 14-member advisory committee to look into introducing reforms in the urban planning education system.

The panel is to be headed by NITI Aayog Vice-Chairman Rajiv Kumar.

The committee is to examine the current system in terms of multidisciplinarity, curriculum and other related issues at the level of graduates and postgraduates against the challenges of rapid urbanization.

It will also examine the urban planning education system in India and examine the availability, demand and supply of the qualified urban planners in India.

7.India and the World

India gets Chairmanship of ILO Governing body

India assumed the Chairmanship of the Governing Body of International Labour Organization (ILO).

The Labour and Employment Secretary, Apurva Chandra, was elected as the Chairperson of the Governing Body of the ILO.

His tenure as a chairperson will be for the period October 2020- June 2021.

India has assumed the Chairmanship after a gap of 35 years.

Quick Fact: The Governing Body of the ILO is the apex executive body, which decides policies, programmes, agenda, budget and elects the Director-General. 

8.Business and Finance

Tie up between Bank of Baroda and Toyota Kirloskar Motor

Bank of Baroda (BoB) has tied-up with Toyota Kirloskar Motor (TKM).

According to the tie-up bank will be one of the preferred financiers for the entire range of vehicles sold by the latter.

Bank of Baroda is India’s third-largest public sector bank.

The bank released a statement stating that under the tie-up, customers can avail customised solutions such as high on-road funding of 90 per cent, long repayment period of 84 months, no prepayment or foreclosure charges and TKM dealers will benefit from ‘digitised supply chain finance’ with competitive interest rates.
Quick Fact:The MD and CEO of Bank Of Baroda is Sanjiv Chadha.