Banking, Financial and Economic Awareness

Main Headlines:

1. Ministry of Information & Broadcasting forms committee to review guidelines for Television Rating agencies

Ministry of Information & Broadcasting has formed a committee to review present guidelines for Television Rating agencies.
Prasar Bharti CEO Shashi Shekhar Vempati is the Chairman of committee. Dr Shalabh, Dr Rajkumar Upadhyay and Pulak Ghosh are other members of the committee.
The committee will also examine various evolving dynamics of the television rating system. It will submit its report in two months.
It will also study Telecom Regulatory Authority of India’s recommendations on television rating systems in India.
Present Guidelines on Television Rating Agencies in India were notified by Ministry of Information & Broadcasting in 2014.

SBI Cards and Payment Services (SBI Card) has launched credit cards in partnership with Paytm.
The credit card is launched on the Visa platform and available in two variants, Paytm SBI Card and Paytm SBI Card SELECT.
The card is usable across Paytm ecosystem, third-party platform and offline retail stores. It has Tap to Pay feature to allow contactless payments.
Earlier, SBI card has launched a co-branded contactless credit card with IRCTC.
SBI Cards and Payment Services (SBI Card) is owned by State Bank of India and The Carlyle Group. It is a payment solutions provider in India.
Paytm:
- Parent organization: One97 Communications
- Headquarters: Noida
- Founder and CEO: Vijay Shekhar Sharma

Bengaluru Tech Summit will be organized virtually for the first time.
PM Modi will virtually inaugurate it on 19 November. Its theme is ’NEXT IS NOW’.
Bengaluru Tech Summit 2020 will be a three-day-long event and the 23^rd edition of the Bengaluru Tech summit.
More than 25 countries and 250 domain experts will take part in the summit.
Software Technology Parks of India (STPI)-IT export awards, smart bio awards and Bengaluru impact awards will be given during the summit.
Department of Electronics Information Technology Biotechnology and Science & Technology of Karnataka government organize Bengaluru Tech Summit.

ANSR Consulting Inc has acquired FastNext, an Artificial Intelligence-driven tech company.
ANSR Consulting Inc establishes and operates global capability centres (GCCs) for large enterprises.
Due to the acquisition of FastNext, ANSR’s client will be able to make their GCC teams using deep learning and AI-powered tools.
ANSR’s Talent500 platform and FastNext’s recruiting tech products will enable AI led talent acquisition market.

Global Rubber Conference (GRC) 2020 will be organized in Bangkok on 12-13 November through a hybrid format.
The conference will be two day-long event. Rubber Authority of Thailand will be the host for the conference.
World’s largest producer of natural rubber, Thailand’s Confexhu Group will organize it.
The theme of the Global Rubber Conference (GRC) 2020 is ‘Unlocking Opportunities in a World of Disruption’.
Impact of global disruptive forces in natural rubber industry will be discussed during the conference.
Global Rubber Conference (GRC) 2020 is the 16^th edition of Global Rubber Conference.
The hybrid format means that both in-person attendees and remote viewers will take part in the conference.

Cabinet Committee on Economic Affairs (CCEA) has approved an investment of ₹1,810.56 crore in Luhri Stage-I Hydro Electric Project on Sutlej River.
210 MW Luhri Stage-I Hydro Electric Project will be located in Shimla and Kullu districts, Himachal Pradesh.
Satluj Jal Vidyut Nigam Limited (SJVNL) is implementing the project on Build-Own-Operate-Maintain (BOOM) basis.
Luhri Stage-I Hydro Electric Project will be commissioned within 62 months. It has Life Cycle of 40 years.
758.20 million Units of electricity will be annually generated from the project. 100 units of free electricity will be given to affected families every month for ten years.
Cabinet has also approved MoU given below:
- MoU between United Kingdom’s Department of Digital, Culture, Media and Sports and Ministry of Communications
- MoU between the Central Drugs Standard Control Organization (CDSCO), India and the United Kingdom Medicines and Healthcare Products Regulatory Agency (UK MHRA)
- MoU between India and Israel in the field of health and medicine