Top Best Current Affairs 3 October 2020

Mukesh Ambani, chairman of Reliance Industries Limited(RIL) topped the IIFL Wealth Hurun India Rich List 2020 with the total wealth of 6,58,400 Cr. He retains this position for the 9th consecutive year. Hinduja brothers secured the second spot followed by Shiv Nadar and family. Smita V Crishna, who ranked 28th spot overall is the richest woman in the list followed by Kiran Mazumdar-Shaw, Biocon founder, who is also the richest self -made women in India.

Surjeet Singh Deswl (SS Deswal), Director General (DG) of Indo- Tibetan Border Police (ITBP) has been given the additional charges as the DG of the Counter Terror Force- National Security Guard (NSG) following the retirement of Anup Kumar Singh, incumbent chief of NSG, on September30.

New development Bank (NBD) of BRICS (Brazil,Russia,India,China and South Africa) Nations approved USD 241 million (Approximately INR 1760 crores) for Mumbai Metro Rail Project, and USD 500 million (approximately INR 3600 Crores) For Delhi-Ghaziabad-Meerut Regional Rapid Transit system (RRTS) project. The loans were approved by the board of directors of NBD in the 28th meeting held in virtual format on September 29, 2020.

Reserve bank of India (RBI) excluded six public sector banks (PSBs) from the Second Schedule of the RBI Act,1934 following their merger with other Banks with effect from April 01,2020. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra bank, Corporation bank and Allahabad bank. OBC and United Bank of India merged into Punjab National Bank, Syndicate Bank into Canara bank, Andhra bank and corporation bank into union bank of India, and Allahabad bank into Indian bank.

Ministry of Social Justice & Empowerment union Minister for Social Justice & Empowerment, Thaawarchand Gehlot virtually launched "Ambedkar Social Innovation & Incubation Mission(ASIIM)" under venture capital fund for scheduled castes (SC)(VCF-SC). It has been launched to promote Innovation, Enterprise among SC student in Higher Education Institution and to help them become job givers. Minister of state (MoS) for Social justice & Empowerment. Rattan Lal kataria,deputy Managing Director (MD) of Industrial Finance Corporation of India (IFCI),Sunil Kumar bansal were present during the launch.

Uttarakhand Chief Minister Trivendra Singh Rawat inaugurated a 25-kilowatt capacity project worth Rs25 lakhs for generating electricity using Pirual (dry pine needles) at Chakon Dhanvarj village in Dunda block of Uttrakhand district.

The government of India has set up a screening panel to examine all Chinese foreign investment proposals. The panel is headed by the home secretary, Ajay Kumar Bhalla and secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) as a member.

The Reserve bank of India (RBI),in consultation with the Government of India (GOI)has fixed 1,25,000 crores as the Ways and Means Advances (WMA) limit for the 2nd half of the financial years (FY) 2020-21, i.e., October 2020 to March 2021. When GoI utilises 75% of the WMA limit, RBI may trigger fresh floatation of market loans.