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Friday, September 3, 2021

Daily GK Update- 3rd Sep, 2021

 

NATIONAL UPDATES:

 

1. FM Nirmala Sitharaman inaugurates ‘My Pad, My Right’ project in Tripura: In Tripura, Union Finance Minister Nirmala Sitharaman has inaugurated a project called ‘My Pad, My Right’ initiated by NABARD and NABFOUNDATION at Killa village in Gomati district on the second and concluding day of her visit to the state. The project aims to bring livelihood and menstrual hygiene closer to rural women by way of grant, wage support and capital equipment. The Union Minister also flagged off the mobile ATM van of Tripura State Co-Operative Bank Limited which will cover all Gram Panchayats and Village Committees of South Tripura District.

Note: Chief Minister of Tripura: Biplab Kumar Deb; Governor: Satyadeo Narain Arya.

 

2. Punjab to Launch ‘Mera Kaam Mera Maan’ Scheme to Help Unemployed Youth: The Punjab Cabinet gave a nod to a new scheme that will help the unemployed youth in the state to hone their skills and increase their chances of getting a job. These youngsters will be given short-term skill training free of cost under the ‘‘Mera Kaam Mera Maan” scheme of the state government. A target of 30,000 beneficiaries has been proposed, at a cost of ₹ 90 crores.

About the scheme: The scheme also provides an employment assistance allowance of ₹ 2,500 per month for a period of 12 months from the start of the training course, which will be conducted at Punjab Skill Development Mission training centres. The allowance shall be given during the training period, and after successfully completing the training, during the pre-placement and post-placement period of 12 months from the date of the start of the programme.

Note: Punjab CM: Captain Amarinder Singh; Punjab Governor: Banwarilal Purohit.

 

3. IIT Madras announces online platform ‘E-Source’: The Indian Institute of Technology (IIT) Madras is working on developing an innovative digital model to address the problem of e-waste (electronic wastes). The digital platform, named as ‘e-Source,’ will act as an exchange platform, to serve as an online marketplace for Waste Electrical and Electronic Equipment (WEEE).

About the ‘e-Source’ platform: The platform will link various stakeholders (buyers and sellers) of used and waste electronic equipment and components, both in the formal and informal economy. The initiative is being led by the Indo-German Centre for Sustainability (IGCS), a centre set up at IIT Madras in 2010 at the initiative of the German and Indian governments.

 

INTERNATIONALUPDATES:

 

1. Sri Lanka declares food emergency as forex crisis: Sri Lanka has declared a state of emergency as the food crisis worsened after private banks ran out of foreign exchange to finance imports. With the country suffering a hard-hitting economic crisis, President Gotabaya Rajapaksa said he ordered emergency regulations to counter the hoarding of sugar, rice and other essential foods. The Sri Lankan rupee has fallen by 7.5% against the US dollar this year.

Rajapaksa has named a top army officer as “Commissioner General of Essential Services to coordinate the supply of paddy, rice, sugar and other consumer goods”. The move followed sharp price rises for sugar, rice, onions and potatoes, while long queues have formed outside stores because of shortages of milk powder, kerosene oil and cooking gas.

The government has increased penalties for food hoarding, but the shortages come as the country of 21 million battles a fierce coronavirus wave that is claiming more than 200 lives a day. The economy shrank by a record 3.6 per cent in 2020 because of the pandemic and in March last year, the government banned imports of vehicles and other items, including edible oils and turmeric, an essential spice in local cooking, in a bid to save foreign exchange.

Note: Sri Lanka Capitals: Sri Jayawardenepura Kotte; Currency: Sri Lankan rupee; Sri Lanka Prime Minister: Mahinda Rajapaksa; Sri Lanka President: Gotabaya Rajapaksa.

 

2. Ladakh based Dorje Angchuk to be inducted as Honorary Member of the IAU: Dorje Angchuk, an Engineer in charge at the Indian Astronomical Observatory of the Indian Institute of Astrophysics (IIA) at Hanle in the Ladakh region, has been admitted as an Honorary Member of the International Astronomical Union (IAU). Angchuk is the first and only Indian to bag the position in the prestigious body. Angchuk has been selected for ‘his passionate promotion of astronomy in the Ladakh region, through his excellent astrophotography’. He will be joining ten other Honorary Members from around the world, selected by IAU to join a select list of 20 international experts.

About the honorary member of the IAU: The Honorary Members recognition by the IAU gives official recognition to individuals who have significantly contributed to the progress of astronomical research and culture in their country, but who do not qualify as Individual Members. This membership category was introduced in August 2018 and already has 9 members.

Note: The International Astronomical Union (IAU) headquarters: Paris, France.

The Indian Institute of Astrophysics (IIA) is an autonomous institute of the Department of Science & Technology (DST), Govt. of India, headquartered in Bengaluru.

 

OTHER UPDATES:

 

SPORTS

 

1. Paralympics 2020: Mariyappan Thangavelu wins Silver in men’s high jump: India’s Mariyappan Thangavelu has won the silver medal in the men’s high jump (T63) at the Tokyo Paralympics. He cleared the 1.86m mark to take home silver. In the same event, Sharad Kumar won the bronze medal, clearing 1.83m mark. Sam Grewe of the United States won the gold medal after he cleared the 1.88m mark. With the two new medals, India’s medal tally at the Tokyo Paralympics has now reached to 10.

 

2. Paralympics 2020: Singhraj Adhana wins bronze medal in 10m Air Pistol: At the ongoing Tokyo Paralympics 2020, Indian shooter Singhraj Adana has won the bronze medal in the P1 Men’s 10m Air Pistol SH1 final on August 31, 2021. Adana shot a total of 216.8 to finish at third place. China dominated the finals with defending champion Chao Yang (237.9 — Paralympic record) and Huang Xing (237.5) winning the gold and silver medals respectively.

 

3. Dale Steyn announces retirement from all forms of cricket: South African cricketer Dale Steyn has announced his retirement from all forms of cricket with immediate effect on August 31, 2021, ending his 20 years long cricket journey. The 38-year-old Proteas (South Africa national cricket team) pacer last played for South Africa in T20 vs Australia in February 2020. He had also played for Royal Challengers Bangalore (RCB) in the Indian Premier League (IPL). Since making his international debut in 2004, He played 93 Tests, 125 ODIs and 47 T20Is. The right-arm pacer, who holds the record for the fastest bowler to 400 Test wickets (80 matches), bagged 439 wickets in the longest format, 196 wickets in the ODIs and 64 wickets in T20 internationals.

 

BANKING AND FINANCE

 

1. Axis Bank ties up with BharatPe for PoS business: Axis Bank has partnered with BharatPe for the point of sale (PoS) business of BharatPe named BharatSwipe. Under the partnership, Axis Bank will be the acquiring bank for BharatSwipe and will provide acceptance of credit and debit cards for merchants associated with BharatPe. The partnership will help BharatPe to expand its merchant acquiring business in India. BharatPe’s PoS machine BharatSwipe has an installed base of 100,000 across 16 cities, processing around Rs 1,400 crore per month. BharatPe clocked an annualised transaction value of $2 billion on PoS terminals at the end of FY21. The company has set a target of $6 billion in transaction processed value (TPV) by FY22.

Note: Axis Bank CEO: Amitabh Chaudhry; Axis Bank Headquarters: Mumbai; Axis Bank Founded: 3 December 1993, Ahmedabad.

 

BUSINESS AND ECONOMY

 

1. Moody’s Retains India’s GDP growth forecast to 9.6% for CY2021: Moody’s Investors Service has retained India’s growth forecast for the calendar year (CY) 2021 at 9.6 per cent, in its August update to ‘Global Macro Outlook 2021-22’ report. The GDP growth forecast for calendar year 2022 is retained at 7 percent. In India, economic activity is picking up alongside a gradual easing of restrictions that were implemented in response to the second wave. And there is further upside to growth as economies around the world progressively reopen.

 

2. PayU acquires BillDesk for $4.7 bn: Netherlands-based Prosus NV has announced to acquire the Indian digital payments provider BillDesk and merge it with its own fintech service business PayU. The size of the deal is $4.7 billion. This acquisition will make the combined entity of PayU and BillDesk as the leading online payment providers globally and in India by total payment volume (TPV).

About the deal: The transaction is subject to approval from the Competition Commission of India (CCI). This acquisition will also raise Prosus’s investment into India to $10 billion, which has so far invested $6 billion in the Indian tech ecosystem. Prosus NV is the global consumer internet group and one of the largest technology investors in the world.

Note: PayU CEO: Laurent le Moal; PayU Founded: 2006;

BillDesk Founder(s): M.N. Srinivasu; Ajay Kaushal; Karthik Ganapathy; BillDesk Headquarters: Mumbai; BillDesk Founded: 29 March 2000.

 

AWARDS AND HONOURS

 

1. Neurosurgeon Basant Misra receives prestigious AANS Award: Odisha-born neurosurgeon Dr Basant Kumar Misra has been conferred the prestigious American Association of Neurological Surgeons’ ‘International Lifetime Achievement Award in Neurosurgery’. Misra is the first Indian physician to receive the AANS honor which was conferred on him at a virtual ceremony during the AANS Annual Scientific Meeting 2021 held in Orlando, Florida. He was the world’s first surgeon to perform Computer-Guided Aneurysm surgery.

 

OBITUARIES

 

1. Bigg Boss 13 winner Sidharth Shukla passes away: Bigg Boss 13 winner actor Sidharth Shukla has passed away. He has been a part of films like Humpty Sharma Ke Dulhania. The actor’s last screen outing was Ekta Kapoor’s popular show ‘Broken But Beautiful 3’ in which he played the role of Agastya. He is known for his roles in daily soaps such as “Balika Vadhu” and “Dil Se Dil Tak”. He is also popular for his tints in reality shows such as “Jhalak Dikhhla Jaa 6”, “Fear Factor: Khatron Ke Khiladi” and “Bigg Boss 13”. 

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