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RODCHENKOV ACT & MORE (CURRENT AFFAIRS 24 NOV 2020 )

 RODCHENKOV ACT

The Rodchenkov Act was passed by the Senate and will become a law once the US president signs it.

About:

  • It allows the USA to initiate legal proceedings against those involved in running doping rings, including coaches, officials, managers or suppliers even if they are not residents of the United States or if the act of doping took place outside the United States.

  • The main objective of the Rodchenkov Act is to bring to book facilitators who otherwise got away when athletes who tested positive for performance-enhancing substances were banned under the World Anti-Doping Agency (WADA) code.

  • The Act seeks to criminalise ‘major international dope fraud conspiracies’, which is mentioned in Section 4 of the Act.
SIMBEX
Indian Navy is scheduled to host the 27th edition of India - Singapore Bilateral Maritime Exercise SIMBEX-20 from November 23 in Andaman Sea. It will continue till 25th of this month.

About:

  • The SIMBEX series of exercises between Indian Navy and Republic of Singapore Navy, being conducted annually since 1994, are aimed at enhancing mutual inter-operability and imbibing best practices from each other.

  • The 2020 edition of SIMBEX will witness participation by Indian Navy ships including destroyer Rana with integral Chetak helicopter and indigenously built corvettes Kamorta and Karmuk.

SHALYA AND SHALAKYA
Central Council of Indian Medicine (CCIM), the statutory body that regulates the Indian Medical systems of Ayurveda, Siddha, Sowa-Rigpa and Unani Medicine has issued a notification to streamline some of the provisions of the regulations concerning Post Graduate Ayurveda Education. The notification has added clarity and definition.

About:

  • The notification relates to the Shalya and Shalakya streams of Post Graduate Education in Ayurveda.

  • It specifies a total of 58 surgical procedures that PG scholars of these streams need to be practically trained in so as to enable them to independently perform the said activities after completion of their PG Degree.

  • Shalya and Shalakya are independent Departments in Ayurveda colleges, performing such surgical procedures.

  • The question of mixing Ayurveda with Conventional (Modern) Medicine does not arise here as CCIM is deeply committed to maintaining the authenticity of Indian systems of medicine.
LAKSHMI VILAS BANK
The RBI has placed Lakshmi Vilas Bank (LVB) under moratorium capping deposit withdrawals. The RBI has also proposed the amalgamation of the bank with DBS Bank India.

About:

  • The financial position of LVB has been deteriorating sharply over the past two to three years. The bank has been making losses over the last three years, owing to a sharp rise in bad loans and provisions. This has led to steep erosion in profit and capital.

  • Depositors of LVB will ideally become customers of DBS Bank. Singapore-based DBS Bank will strengthen its India business with the acquisition of LVB.

DBS Bank:

  • DBS Bank Ltd is a Singaporean multinational banking and financial services corporation headquartered in Singapore.

  • The company was known as The Development Bank of Singapore Limited, before the present name was adopted on 21 July 2003 to reflect its changing role as a global bank.

GUPKAR ALLIANCE
Ever since the Congress party initiated talks with the People’s Alliance for Gupkar Declaration (PAGD) for the November-December District Development Council (DDC) elections, the BJP has been on a tirade against the leaders of what it calls the “Gupkar Gang”.

About:

  • Name: People's Alliance for Gupkar Declaration (PAGD) was formerly known as Gupkar Declaration.

  • What is it? It is a political alliance between the multiple mainstream regional political parties of Jammu and Kashmir aimed at safeguarding and restoring special status along with Article 35A of the erstwhile state of Jammu and Kashmir.

  • First Declaration: The Declaration signed on 4 August 2019 stated that modification or abrogation of Article 35A or Article 370 would be aggression against the people of J&K. The venue was the Gupkar Residence in Srinagar and thus it became known as the Gupkar Declaration.

  • Gupkar Declaration II: Gupkar Declaration II, signed on 22 August 2020 by the six political parties asserted that the signatories were bound by August 4, 2019 Gupkar declaration and parties would strive for restoration of Article 370 and Article 35a
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