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Daily News Digest:17 October 2020

GLOBAL HUNGER INDEX 2020

India ranks 94 among 107 countries in the Global Hunger Index 2020. With a score of 27.2, India has a level of hunger that is “serious”. India’s rank was 102 out of 117 countries last year.

According to the report, 14 per cent of India’s population is undernourished. It also says that the country recorded a child stunting rate of 37.4 per cent.

RBI TO CONDUCT FIRST-EVER OMO PURCHASE OF SDLS ON OCTOBER 22

Reserve Bank of India to conduct its first-ever Open Market Operation (OMO) purchase of State Developments Loans (SDLs) on 22nd October.

Open Market Operation (OMO) means the purchase and sale of securities by the RBI. For instance, in an inflationary scenario, the RBI will start selling government securities, the selling of securities will reduce money supply from the system. Since the buyer of the securities will pay for them in Rupee, hence currency from the system goes out.

INAUGURAL FUNCTION OF GRAND CHALLENGES ANNUAL MEETING 2020

Prime Minister Shri Narendra Modi to deliver the keynote address at the inaugural function of Grand Challenges Annual Meeting 2020. 

The Grand Challenges Annual Meeting 2020 to be convened virtually from 19th-21st October.

It was launched in 2003 by the Bill & Melinda Gates Foundation as Grand Challenges in Global Health. It brings together policymakers and scientific leaders, calls for deepened scientific collaborations in solving global health problems, with great emphasis on COVID-19 with an "India for the World" framing.

PLACES IN NEWS

Chabahar Port is a seaport in Chabahar located in south-eastern Iran, on the Gulf of Oman. It serves as Iran's only oceanic port and consists of two separate ports named Shahid Kalantari and Shahid Beheshti, each of which has five berths. It is the only Iranian port with direct access to the Indian Ocean.

The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Southern Europe and Anatolia, on the south by North Africa, and on the east by the Levant.

THS DAY IN HISTORY

Sir Syed Ahmed Khan founded the Aligarh movement. This movement aimed at spreading modern education and creating political consciousness among Indian Muslims.

Sir Syed Ahmed Khan established Mohammedan Anglo-Oriental (MAO) College at Aligarh in 1875. This college developed into Aligarh University in 1890.

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