Daily Current Affairs : 20-12-2020

1.Coalition for Disaster Resilient Infrastructure (CDRI)

• Recently, the Union Minister for Health and Family Welfare addressed an event by CORI.
• CDRI is a multi-stakeholder global partnership of national governments, UN agencies and programs, multilateral development banks and financing mechanisms, private sector, and academic and knowledge institutions.
• It was announced by India's PM at UNClimate Action Summit 2019.
• It aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks, thereby ensuring sustainable development.

Source: The Hindu

2.Asian Development Bank(ADB) Project Readiness Financing (PRF)Facility

• ADB and India signed a $4.21 million PRF facility for infrastructure development projects to improve urban amenities and develop tourism infrastructure in Tripura.
• This is ADB's first PRF facility for a northeastern state.
• PRF document describes the smooth transition from preparation to implementation of the project to minimize contracting delays and speed up the initial disbursements.
• ADB is a regional development bank established in 1966 headquartered in Manila, Philippines. Top Shareholders:Japan (15.6%), USA (15.6%), China (6.4%), India (6.3%) and Australia (5.8%).

Source: The Hindu

3.North Eastern Region Power System Improvement Project (NERPSIP)

• Recently, Cabinet approved the revised cost estimate of NERPSIP.
• The scheme is implemented through POWERGRIO, a PSU under the Ministry of Power and is being funded with the assistance of the World Bank fund.
• The objective of NERPSIPis total economic development of the North Eastern Region (NER) and to strengthen
• Intra-State Transmission& Distribution InfrastructureIn NER.
• Beneficiarystates:    Assam,Manipur,Meghalaya,Mizoram,Nagaland,andTripura.
• It will create a reliable power grid and improve NER States' connectivity to the upcoming load centers.

Source: The Hindu

4.60 th Goa Liberation Day

• Goa Liberation Day is observed on December 19 every year and it marks the day Indian armed forces freed Goa in 1961 following 450 years of Portuguese rule.
• Portuguese colonized several parts of India in 1510 but by the end of the 19th-century Portuguese colonies in India were limited to Goa, Daman, Diu (liberated on December 1961) and Dadra, Nagar Haveli(liberated on August 2, 1954).

Source: The Hindu

5.World Bank Corrects Ease of Doing Business (EoDB) Ranking

• Recently, the World bank has corrected the 2018 and 2020 reports EODB ranking based on an internal audit following officials' allegations of"undue pressure by management to alter ratings.
• It has resulted in a change in the ranking of China, Saudi Arabia, the United Arab Emirates, and Azerbaijan.
• India's ranking (63rdin 2020), however, has remained unaffected.
• EODB is published by World Bank annually.
• Ease of doing business is an aggregate figure that includes different parameters that define the ease of doing business in a country.

Source: The Hindu

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