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200 million-year-old spider species spotted in Bengal • A professor of zoology from Keshpur College has found a rare species of spider— Idipos Nilagiri, a member of the tarantula family, in Midnapore. • The species, which is around 200 million years old, was first discovered in Odisha last year. • Named after the Nilagiri region in the state, the Mygalomorph species (under the large group of Tarantulas), is a long living one.

Nobel Prize in Economic Sciences • The 2020 Nobel Prize in Economic Sciences has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats." • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 51 times to 84 Laureates between 1969 and 2019. • In 2019, colleagues and married couple Esther Duflo and Abhijit Banerjee received the news that they had been awarded the 2019 Prize in Economic Sciences. They became the fifth couple to share a prize.

Prime Minster Narender Modi releases a commemorative coin of Rs 100 in honour of Rajmata Vijaya Raje Scindia, through a virtual ceremony. • The special coin minted by the Ministry of Finance is being released in celebration of her birth anniversary.

8 Indian beaches get coveted ‘Blue Flag’ tag, create record • India’s eight beaches have got coveted 'Blue Flag' certification - an international eco-level tag which is one of the world’s most recognised awards for clean, safe and environment-friendly beaches, marinas and sustainable boating tourism operators. • The eight Indian beaches which got this tag are Shivrajpur (Dwarka, Gujarat), Ghoghla (Diu), Kasarkod and Padubidri (Karnataka), Kappad (Kerala), Rushikonda (Andhra Pradesh), Golden Beach (Puri, Odisha) and Radhanagar (Andaman & Nicobar Islands). • The Blue Flag beaches are considered the cleanest beaches of the world. • In order to qualify for this tag, 33 stringent criteria relating to environmental, bathing water quality, educational, safety, services and accessibility standards must be met by the beaches. • Blue Flag certification is accorded by the Foundation for Environmental Education (FEE), headquartered in Copenhagen, Denmark. The Jury, which takes a final call on this certification, comprises eminent members from the UN Environment Programme, World Tourism Organisation, FEE and IUCN.

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GS III: ECONOMY World Bank widens GDP contraction forecast to 9.6%: Poverty reduction suffers setback; ‘continue key reforms to reverse virus impact’ The World Bank expects India’s economy to contract by 9.6% in 2020-21, revising its earlier estimate in June that output will shrink by just 3.2% amidst the COVID-19 pandemic. This revision reflects ‘the impact of the national lockdown and the income shock experienced by households and firms’, the Bank explained. In its South Asia Economic Focus report released, the Bank reckoned there will be a rebound to 5.4% growth in 2021-22, but largely due to base effects and hinging on assumptions that the pandemic-related restrictions are completely lifted by 2022. India’s gross domestic product (GDP) contracted 23.9% in the first quarter of this year and official estimates for the second quarter are expected at end-November. The Bank mooted continuation of critical reforms to reverse the sudden and steep impacts of COVID-19. “Monetary policy has been deployed aggressively and fiscal resources have been channelled to public health and social protection, but additional counter-cyclical measures will be needed, within a revised medium-term fiscal framework. “Despite measures to shield vulnerable households and firms, the trajectory of poverty reduction has slowed, if not reversed,” the Bank said on India. It said significant disruptions to jobs likely boosted the poverty rate, with 2020 rates back to levels in 2016. “Policy interventions have preserved the normal functioning of financial markets thus far. However, the demand slowdown could lead to rising loan delinquencies and risk aversion,” it noted. 🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁 Join >> @dailynewscom

GS III: HEALTH Ahead of festival season, PM kicks off new campaign: Jan Andolan emphasises practices to curb COVID-19 spread Prime Minister Narendra Modi launched a Jan Andolan for COVID-19 appropriate behaviour. The campaign was launched in view of the upcoming festival and winter season as well as the opening up of the economy, said a release issued by the Union Health Ministry. “This will be a low-cost, high-intensity campaign with the key message — “Wear Mask, Follow Physical Distancing, Maintain Hand Hygiene”, said the Ministry. Vaccine rollout: The campaign has been launched even as the World Health Organisation (WHO) urged countries to plan for efficient rollout of COVID-19 vaccines as soon as they are available. “Like the rest of the world, the South-East Asia region continues to be at risk. To stop the spread of the virus, we need to do it all — continued strong leadership; robust public health measures; clear communication and an engaged, empowered and enabled population — to turn the tide,” said Poonam Khetrapal Singh, regional director, WHO South-East Asia Region. In a communication to the member countries, Dr. Singh said, the global race for COVID-19 vaccine has gathered momentum. In anticipation of development of a safe and effective COVID-19 vaccine, countries should be prepared with an efficient and coordinated strategy and plan for rollout of vaccination. Meanwhile, the Health Ministry noted that India has registered an increase in the COVID-19 testing infrastructure since January 2020. “The country’s testing capacities have multiplied manifold. More than 15 lakh samples can be tested every day. Nearly 12 lakh tests were conducted in the last 24 hours,” said the Ministry. 🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁 Join >> @dailynewscom