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Thursday, November 4, 2021

Daily GK Update- 4th Nov, 2021

 

NATIONAL UPDATES:

 

1. Union Minister Amit Shah launches the “Dairy Sahakar” scheme: The Union Minister of Cooperation, Amit Shah has launched the “Dairy Sahakar” scheme at Anand, Gujarat during a function organised by Amul to celebrate the 75th Foundation Year of Amul. The total outlay of the Dairy Sahakar scheme is Rs 5000 crore. The scheme will be implemented by National Cooperative Development Corporation (NCDC) under the Ministry of Cooperation.

About the scheme: The scheme will supplement the existing efforts of strengthening the dairy sector in the country, doubling the farmer’s income as well as realizing the vision of ‘from cooperation to prosperity’. Under the scheme, NCDC will extend financial support to eligible cooperatives for activities like bovine development, milk procurement, processing, quality assurance, value addition, branding, packaging, marketing, transportation and storage of milk and milk products, exports of dairy products among others.

 

2. Union Minister Jitendra Singh launches ‘Samudrayan Project’: The Union Minister of State (Independent Charge) Earth Sciences Dr Jitendra Singh officially launched India’s First Manned Ocean Mission called the “Samudrayan project” at Chennai. The Unique Ocean Mission aims to have deep underwater manned vehicles for carrying out subsea activities. With this technology, India joins the elite club of nations such as the USA, Russia, Japan, France and China to have such underwater vehicles. About the Project:

(1) The Unique Ocean Mission aims to have deep underwater manned vehicles for carrying out subsea activities.

(2) The deepwater manned submersible has been codenamed as the ‘MATSYA 6000’.

(3) It is developed by the Chennai-based National Institute of Ocean Technology (NIOT).

(4) The technology will help to conduct deep-ocean exploration of the non-living resources located at a depth of about 1000 and 5500 meters, such as polymetallic manganese nodules, gas hydrates, hydro-thermal sulphides and cobalt crusts.

 

3. Public Affairs Index 2021: Kerala topped in governance performance: According to the 6th edition of the Public Affairs Index (PAI 2021) report by the Public Affairs Centre (PAC), a Bengaluru- based non-profit think tank, the top three slots have been taken by Kerala, Tamil Nadu and Telangana among 18 large states. PAI 2021 highlights the state government’s quality governance and especially the state’s government involvement over the curb of Covid-19.

Toppers among large states:

1)      Kerala (1.618)

2)      Tamil Nadu (0.857)

3)      Telangana (0.891)

 

Toppers among small states:

1)      Sikkim (1.617)

2)      Meghalaya (1.144)

3)      Mizoram (1.123)

 

Toppers among Union Territories:

1)      Puducherry (1.182)

2)      Jammu and Kashmir (0.705)

3)      Chandigarh (0.628)

 

4. IRCTC & Truecaller partnered to reduce fraud in the railways: The Indian Railway Catering & Tourism Corporation Limited (IRCTC) has partnered with Truecaller India to provide passengers with greater trust in communication. This partnership aims to reduce fraud in the railways. Under this partnership, the integrated National Railways Helpline 139 has been verified by Truecaller Business Identity solutions. This partnership aims to assure the passengers that critical communications such as booking details and PNR status are delivered only by IRCTC.

Note: IRCTC Founded: 27th September 1999; IRCTC Headquarters: New Delhi; IRCTC CMD (Additional Charge): Rajni Hasija.

 

5. GoI appoints Ashok Bhushan as NCLAT Chairperson: The Centre has appointed former Supreme Court Judge Justice Ashok Bhushan as the new Chairperson of the National Company Law Appellate Tribunal (NCLAT), for a period of four years or until he attains the age of 70 years, whichever is the earliest. He was the former Chief Justice of Kerala High Court. NCLAT was formed by the government under Section 410 of the Companies Act, 2013. Apart from this, Justice Ramalingam Sudhakar has been appointed as the new President of the quasi-judicial body, National Company Law Tribunal (NCLT) for five years or till he attains the age of 67 years. Justice Sudhakar was the former Chief Justice of Manipur High Court.

Note: National Company Law Appellate Tribunal Founded: 1 June 2016.

 

INTERNATIONAL UPDATES:

 

1. Glasgow climate summit 2021: PM Modi speech highlights: Addressing the COP26 Glasgow Climate Summit held in Scotland, Prime Minister Narendra Modi has said that India will reach net-zero carbon emission by 2070. PM Modi stressed on a five-point plan or ‘Panchamrit’ to fight the devastating effects of global warming and climate change. More than 120 world leaders were present at the COP26 Glasgow Climate Summit. India is the last of the world’s major carbon polluters to announce a net-zero target. China has said that it would reach the net-zero carbon emission goal in 2060 while the United States and the European Union are aiming for reaching the goal by 2050. Highlights from PM Modi’s speech:

(1) India would increase its 2030 target for an installed capacity of ‘non-fossil energy’, mostly solar from 450 to 500 gigawatts.

(2) PM Modi said that India will fulfil 50% of its energy requirement through renewable energy by 2030.

(3) India is committed to reducing carbon emissions by 1 billion tonnes and a net 45% carbon reduction among the five-point plan.

(4) The number of goods produced per unit of energy would be reduced by 45% by 2030. The previous goal was 35%.

 

2. SpaceX sets up subsidiary in India: World’s richest person Elon Musk-owned SpaceX has incorporated its wholly-owned subsidiary in India to start local broadband operations. SpaceX’s satellite broadband arm Starlink aims to start broadband services in India from December 2022, with 2 lakh active terminals subject to permission from the government. The company is charging a deposit of USD 99 or Rs 7,350 per customer and claims to deliver data speeds in the range of 50 to 150 megabits per second in the beta stage. The services of the company will compete with that of Reliance Jio, Bharti Airtel, Vodafone Idea in broadband and it will be a direct competitor to Bharti Group-backed OneWeb. The company is keen to work in rural areas for providing broadband services.

Note: SpaceX founder & CEO: Elon Musk; SpaceX Founded: 2002; SpaceX Headquarters: California, United States of America.

 

OTHER UPDATES:

 

SPORTS

 

1. J&K team clinch 1st position in World Deaf Judo Championship: The Jammu & Kashmir team for deaf clinched 1st position in World Deaf Judo Championship held at Paris Versailles, France. Rakshanda Mehak who is part of the Indian team for the deaf clinched the bronze medal by defeating the South Korean team in the semifinal. The championship was held at Versailles, France. The championship is organised by the International Committee of Sports for the Deaf.

Note: International Committee of Sports for the Deaf Founded: 1924; International Committee of Sports for the Deaf President: Rebecca Adam.

 

BANKING AND FINANCE

 

1. Yes Bank and BankBazaar launched ‘FinBooster’ Credit Card: Yes Bank and BankBazaar.com together launched a Co-Branded credit card named FinBooster to measure the Creditworthiness of the customers. FinBooster is built around a credit fitness tracker. FinBooster uses the CreditStrong app Subscription (credit fitness report) which helps customers to track creditworthiness that improves the Credit score. The tracking of a credit scores will be done through an intuitive CreditStrong app subscription (credit fitness report), which is complimentary for the cardholder for the first year. The credit card offers never expiring rewards points with no capping on the accrual. Customers can earn accelerated rewards points on online dining, grocery and apparel purchases which can be easily redeemed for more than 250 catalogue products.

Note: Yes Bank Founded: 2004; Yes Bank Headquarters: Mumbai, Maharashtra; Yes Bank CEO: Prashant Kumar; Yes Bank Tagline: Experience Our Expertise.

 

BUSINESS AND ECONOMY

 

1. Yezdi Nagporewalla named as new CEO of KPMG India: Financial services firm KMPG has announced the appointment of senior partmer Yezdi Nagporewalla as the new chief executive officer (CEO) for the India division. Nagporewalla has been appointed as the new CEO of KPMG India for a four-year term with effect from February 7, 2022 till December 31, 2026. Nagporewalla will replace current Chairman and CEO, Arun M. Kumar, who completes his five-year term on February 6, 2022. With the new appointment, KPMG India has split the roles of Chairman and CEO. The new Chairman will be named over the next few months.

 

DEFENCE

 

1. IAF participated in International Exercise ‘Blue Flag 2021: A total of 84 Indian Air Force (IAF) personnel took part in the international multilateral combat exercise Blue Flag 2021, along with IAF’s Mirage 2000 aircraft squadron at Israel’s Ovda Airbase. The theme of Blue Flag 2021: Integration of fourth and fifth-generation aircraft in complex operational scenarios. The exercise involves Air Force missions from 8 countries, to share knowledge and combat experience to improve operational capabilities. The other seven countries that have participated in the exercise include the US, UK, Germany, France, Italy, Greece, and Israel.

Note: Israel Capital: Jerusalem; Israel Currency: Israeli Shekel; Israel Prime Minister: Naftali Bennett; Israel President: Isaac Herzog.

 

OBITUARIES

 

1. Former PM of Afghanistan Ahmad Shah Ahmadzai passes away: Ahmad Shah Ahmadzai, the former Prime Minister (PM) of Afghanistan and a renowned jihadi leader passed away at the age of 77 in Kabul, Afghanistan. Ahmad Shah Ahmadzai has served as the acting PM of Afghanistan under President Burhanuddin Rabbani during 1995-1996 prior to the 1996 Taliban Takeover.

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