Daily Current Affairs 30 July 2020 With Video Lecture

What are the functions of RBI?

  • Established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • Originally privately owned, but since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
  • Functions of RBI
  • Issue of Notes
  • Banker to the Government
  • Banker’s Bank
  • Controller of the Credit
  • Custodian of Foreign Reserves
  • Developmental Role

National Education Policy 2020

  • Approved by Cabinet.
  • This is the First Education Policy of the 21st century and replaces the 34-year-old National Policy on Education (NPE), 1986.
  • School Education
  • Ensuring Universal Access at all levels of school education. from pre-school to secondary level with 100 % Gross Enrolment Ratio (GER) in school education by 2030.
  • The current 10+2 system to be replaced by a new 5+3+3+4 curricular structure corresponding to ages 3-8, 8-11, 11-14, and 14-18 years respectively.
  • The new system will have 12 years of schooling with three years of Anganwadi/ pre schooling.
  • No rigid separation between academic streams, extracurricular, vocational streams in schools; Vocational Education to start  from Class 6 with Internships.
  • Mother tongue/local language/regional language as the medium of instruction at least till Grade 5, but preferably till Grade 8 and beyond.
  • Sanskrit to be offered at all levels of school and higher education as an option for students, including in the three-language formula.
  • Assessment reforms with 360-degree Holistic Progress Card, tracking Student Progress for achieving Learning Outcomes.
  • Higher Education
  • Gross Enrolment Ratio in higher education to be raised to 50 % by 2035 ;  3.5 crore seats to be added in higher education.
  • Under Graduation will be of either 3 or 4 years and will have multiple Entry and Exit options.
  • Academic Bank of Credit is to be established for digitally storing academic credits earned from different HEIs.
  • Multidisciplinary Education and Research Universities (MERUs), at par with IITs, IIMs, to be set up as models.
  • National Research Foundation will be created as an apex body for fostering a strong research culture and building research capacity across higher education.
  • Higher Education Commission of India (HECI) will be set up.

MoU between India and Zimbabwe

  • Cabinet approves MoU between India and Zimbabwe on Cooperation in the field of Traditional System of Medicine and Homeopathy.
  • The areas of cooperation identified by the MoU include promotion in the regulation of teaching, practice, drugs and drugless therapies, supply of all medicine materials and documents necessary for demonstration.
  • Exchange of experts for the training of practitioners, paramedics, scientists, teaching professionals and students, among others.

India hands symbolic cheque to Maldives govt for nine projects under HICDP

  •  Financial Assistance for High Impact Community Development Projects (HICDP) from the Government of India was handed over to the Government of Maldives in the form of a symbolic cheque of USD 5.6 million.
  • Nine community-based development projects are as follows:
  • Neighbourhood Fish Processing Plant development in three districts in Addu City.
  • Tourism Zones Development in five districts in Addu City.
  • A bottled water plant setup in Hoarafushi.
  • About Maldives:
  • Capital– Male
  • Currency– Maldivian rufiyaa
  • President– Ibrahim Mohamed Solih

Green – Ag Project

  • The Union government launched the Green-Ag Project in Mizoram, to reduce emissions from agriculture and ensure sustainable agricultural practices.
  • Mizoram is one of the 5 states where the project will be implemented.
  •  Other states include Rajasthan, Madhya Pradesh, Odisha and Uttarakhand.
  • Project is funded by Global Environment Facility (GEF). The Department of Agriculture, Cooperation, and Farmers’ Welfare (DAC&FW) is the national executing agency.
  • Green-Ag projects aims at accelerating the transformation of Indian agriculture sector into national and international benefits by Greenland management practices, concerns of biodiversity and climate change.
  • It is supposed to end on March 31, 2026, in all states.
  • It aims to cover 35 villages and includes two protected areas — the Dampa Tiger Reserve and the Thorangtlang Wildlife Sanctuary.

Current COVID19 Situation in India


In which of the following states Green – Ag Project has not been implemented yet?

  1. Madhya Pradesh
  2. Rajasthan
  3. Sikkim
  4. Mizoram

Answer – C

What is the capital city of Maldives?

  1. Port Louis
  2. Colombo
  3. Male
  4. Harare

Answer – C

New Education Policy 2020 will be replacing:

  1. Policy on Education (NPE), 1986
  2. Policy on Education (NPE), 1985
  3. Policy on Education (NPE), 1984
  4. Policy on Education (NPE), 1983

Answer – A

Question of the Day

Which is the largest Tiger Reserve in India?

Answer in next session…

Sakshi Sahu

    Senior Lecturer, General Knowledge, SSBCrackExams, Master's in Politics and International Relations from Jawaharlal Nehru University New Delhi, Bachelor's in Commerce and Computer Applications from DAVV Indore, Former research fellow at Ministry of women and Child Development New Delhi, 1 Year teaching experience (UPSC CSE).

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