Top Current Affairs – September 14, 2020 (Evening Digest)

GKToday presents daily digest of Top Current Affairs covering major news updates of the day. Here are the evening updates for Current Affairs of 14 September 2020:

PM Modi to lay foundation stone for 7 urban infrastructure projects in Bihar

Tomorrow, Prime Minister Narendra Modi would be inaugurating and laying foundation stone for 7 urban infrastructure projects worth Rs.541 crore in Bihar virtually. The projects relates to water supply, sewage treatment and riverfront development.

Centre sets up expert committee for studying origin, evolution of Indian culture

Union Minister of State for Tourism and Culture Prahlad Patel informed the parliament that a 16-member expert committee was formed to study the origin and evolution of Indian Culture over the past 12,000 years. The findings of this committee are to be used for educational research.

Centre prepared draft framework for development of steel clusters

The Ministry of Steel has prepared a draft framework policy for development of green steel clusters within the country. These clusters will help in increasing the production of value-added steel and boosting employment. The draft framework policy also aims to facilitate the development and expansion of existing steel clusters.

First batch of Supplementary Demands for Grants for 2020-21 presented in Parliament

The government has sought parliament’s approval for an additional gross expenditure of Rs.2,35,852.87 crore in current financial year. This would involve net cash outgo of Rs.1.67 lakh crore. The rest would be funded by Rs.68,868 crore savings made by various ministries/departments.

Centre seeks Parliament’s approval for infusing additional Rs.20,000 crore for PSBs

The government has sought the parliament’s nod for meeting additional expenditure of Rs.20,000 crore for recapitalising the Public Sector Banks through the issue of government securities. This is to address the estimated increase in provision costs of the banks because of rise in defaults during the on-going pandemic.

Foundation stones laid for sporting facilities in Leh

Sports Minister Kiren Rijiju has laid foundation stones for various sporting facilities in Leh, Ladakh. These are estimated to cost around Rs.12 crore. The construction works are expected to be completed by 2021.

MSME ministry directs private companies to clear delayed payments to small businesses

The top 500 private companies were directed to clear pending dues to small businesses that are struggling to survive amid the on-going pandemic. The ministry has also urged corporates to join Trade Receivables Discounting System, an electronic platform for facilitating the financing/discounting of trade receivables of MSMEs via multiple financiers.

Month: Current Affairs - September, 2020