NATIONAL UPDATES:
1.
Union Cabinet approves production-linked incentive scheme for telecom sector: The Union Cabinet
approved a production-linked incentive scheme for the telecom sector. The
Electronic and IT Minister Ravi Shankar Prasad said, the production-linked
incentive worth Rs 12,195 Crore has been cleared for the telecom sector. He
said, this will create 40 thousand direct and indirect employment. Production
Linked Incentive Scheme intends to promote manufacture of Telecom and
Networking Products in India and proposes a financial incentive to boost
domestic manufacturing and attract investments in the target segments of
telecom and networking products in order to encourage make in India. The scheme
will also encourage exports of telecom and networking products ‘Made in India’.
2.
Govt approves proposals worth over Rs 363 cr to increase level of processing
& value addition of horticultural & agricultural produce: Food Processing
Industries Ministry has approved proposals worth over 363 crore rupees to
increase the level of processing and value addition of horticultural and
agricultural produce. This will result in increase in income of the farmers and
create employment at the local level. The approval was given in the two
Inter-Ministerial Approval Committee meetings, which were chaired by Minister
of Food Processing industries Narendra Singh Tomar. The proposals were received
under the Scheme for Creation for Infrastructure for Agro-Processing Cluster
and the scheme for Creation and Expansion of Food Processing and Preservation.
3. 3
crore 53 lakh rural household provided tap water connections under Jal Jeevan
Mission: The
Jal Jeevan Mission has reached a new milestone by providing three crore 53 lakh
rural household tap water connections. The mission was announced by Prime
Minister Narendra Modi in 2019 with the aim to provide tap water connection to
every rural household by 2024. Jal Shakti Ministry said, as on 15th August
2019, out of 18.93 crore rural households, only 17 per cent had tap water
connections. The Ministry said, the untiring efforts of States and Union
Territories have helped Jal Jeevan Mission to reach this milestone.
4.
Actor Darshan roped in as Agriculture Ambassador by Karnataka Govt: Actor
DarshanToogudeepa has been appointed as the ambassador of Agriculture
Department to populariseprogrammes meant for farmers’ welfare. His work would
involve creating awareness among farmers about the programmes taken up by the
department and also to inspire farmers. Incidentally, Mr. Darshan is also the
ambassador for the Forest Department.
5.
Vice President releases ‘Maverick Messiah’, a political biography on NTR: Vice President M.
Venkaiah Naidu has released “Maveric Messiah”, a political biography on former
Andhra Pradesh Chief Minister N.T. Rama Rao authored by senior journalist
Ramesh Kandula. NTR was ranked among the top pioneers of ‘alternative
politics’. His entry into politics and ‘dramatic’ success within about nine
months of floating a regional party gave a new direction to national politics.
6.
Central Excise Day: 24th February: Central Excise Day is celebrated every
year on February 24 across India. The day is being celebrated to honour the
service of the Central Board of Excise and Custom (CBEC) to the country. The
day is celebrated to commemorate the legislation of the Central Excise and Salt
act on 24 February 1944.
About Central Board of Indirect
Taxes and Customs:
The Central Board of Indirect Taxes and Customs is formerly known as the
Central Board of Excise and Customs. The Customs and Central Excise/ Central
GST department was established to administer customs laws. Now the department
is under the Department of Revenue, Ministry of Finance which deals with the
policy formulation concerning levy and collection of Customs, Central Excise
duties, Central Goods & Services Tax and IGST, prevention of smuggling and
administration of matters relating to Customs, Central Excise, Central Goods
& Services Tax, IGST and Narcotics to the extent under CBIC’s purview.
Note: Chairman of Central Board of Excise
and Custom: M. Ajit Kumar; Headquarters of Central Board of Excise and Custom:
New Delhi; Central Board of Excise and Custom Founded: 1 January 1964.
INTERNATIONALUPDATES:
1.
Jean-Michel Sama appointed new PM of Congo: Congo’s president has appointed a
new prime minister, further strengthening his control of the government over
which his predecessor used to hold considerable influence. President Felix
Tshisekedi appointed the 43-year-old Jean-Michel SamaLukondeKyenge to be the
new prime minister ay. Lukonde had been head of the state mining company.
Lukonde succeeds SylvestreIlungaIlunkamba, who resigned on Jan. 28 after a
no-confidence vote in the parliament. Ilunkamba was a close ally of former
president Joseph Kabila, the strongman who governed the impoverished Central
African nation for 18 years.
2.
Gallantry Award Recipient Siddharth Chatterjee Takes Over as Top UN Diplomat in
China: Senior
UN official Siddharth Chatterjee of India has formally taken over as the United
Nations Resident Coordinator in China, a key posting of overseeing the work of
27 agencies, funds and programmes of the global organisation in the world’s
most populous country. He will be UN Secretary-General Antonio Guterres’s
senior-most UN Representative in China as the UN Resident Coordinator.
Chatterjee, whose early career was in the Indian Army, was decorated for
gallantry by the President of India in 1995.
OTHER UPDATES:
SPORTS
1.
Novak Djokovic and Naomi Osaka wins Australian Open 2021: In tennis, Japan’s
Naomi Osaka won her fourth Grand Slam title, after she beat American Jennifer
Brady in the women’s singles game of the Australian Open final 2021. The four
Grand Slam title for Osaka comes two Australian Open titles (2021 and 2019) and
two US Open title (2018 and 2020). In Men’s singles final, Novak Djokovic
claimed his ninth Australian Open crown and the 18th Major Grand Slam overall,
as he defeated Daniil Medvedev.
Winners of Australian Open 2021:
Men’s Singles: Novak Djokovic (Serbia)
defeated Daniil Medvedev (Russia)
Women’s Singles: Naomi Osaka (Japan)
defeated Jennifer Brady (US)
Men’s Doubles: Ivan Dodig of Croatia and
Filip Polášek (Slovakia) defeated Rajeev Ram (US) and Joe Salisbury (UK)
Women’s Doubles: Elise Mertens (Belgium)
and ArynaSabalenka (Belarus) defeated BarboraKrejčíková (Czech Republic) and
KateřinaSiniaková (Czech Republic)
Mixed Doubles: BarboraKrejcikova (Czech
Republic) and Rajeev Ram of the US defeated the Australian pair of Samantha
Stosur and Matthew Ebden.
BANKING AND FINANCE
1.
Mastercard and Razorpay partner to make digital payments more accessible for
MSMEs and startups: Mastercard
and Razorpay have launched a strategic partnership to drive digital payments
acceptance by small businesses and startups in India. This combines Razorpay’s
payment processing capabilities with Mastercard’s digital banking solutions and
card services. The partnership will enable Indian micro, small and medium
enterprises (MSMEs) in digitising their operations, maintaining business
continuity in the challenging environment and preparing for the future beyond
cash.
2.
ADB, Medanta sign debt financing to support Covid-19 response: Asian Development
Bank (ADB) has signed aRs 100 crore debt financing agreement with Global Health
Private Ltd (Medanta) to provide essential health care services and medical
equipment to help combat the coronavirus disease (Covid-19) pandemic. The
project will support the purchase of personal protective equipment, basic
hygiene products and patient care equipment like ventilators and beds. It will
also support staff training programmes on infection prevention and control.
3.
Bank credit growth at 90% of FY20 level: RBI: Bank credit growth
in FY21 so far (up to January 29) has reached about 90 per cent of the year-ago
level, going by the Reserve Bank of India’s data on Scheduled Banks’ Statement
of Position in India. This is probably an indication that credit demand is
limping back to normalcy after the economy was ravaged by the Covid-19 pandemic
in the first six months of FY21. Year-to-date (YTD) credit growth of all
scheduled banks at ₹3,39,147 crore was about 90 per cent of the year-ago YTD
credit growth of ₹3,74,938 crore.On a year-on-year basis, credit growth has
slowed to 5.92 per cent as of January-end 2021 against 7.41 per cent as of
January-end 2020.
BUSINESS AND ECONOMY
1.
India’s GDP to grow 13.5% in FY22: Nomura: Japanese brokerage Nomura said that
economic activity is on the ‘verge of normality’ after being severely hit by
the coronavirus pandemic. The firm said that India GDP will grow at 13.5 per
cent in FY22. Nomura’s estimates are higher than the growth rate pegged by the
Reserve Bank of India. The apex bank expects GDP to jump by 10.5 per cent in
FY22, after contracting by 7.7 per cent in FY21. The brokerage said that it
expects real GDP to contract by 6.7 per cent in FY21 and grow by 13.5 per cent
in FY22.
2.
Tata Communications announces partnership with Google Cloud to ‘Transform’
Indian Businesses:
Tata Communications announced partnership with Google Cloud to drive cloud
adoption and transform Indian businesses. The partnership will enable
organisations to deploy and access Google Cloud services through Tata
Communications’ IZO managed cloud. As a Google Cloud India Partner, Tata
Communications will support organisations with services across infrastructure
modernisation, data centre transformation, application modernisation, smart
analytics, multi-cloud deployments and more.
AWARDS AND HONOURS
1.
‘Meesha’ Wins Best Novel at Kerala SahityaAkademi Awards: The Kerala
SahityaAkademi awards for the year 2019 were announced, and author S.
Hareesh’sMeesha (Moustache) has won the best novel prize. The awards carry
prize money of Rs 25,000, a citation and a certificate.Other awards:
(1) RathriPandrandaraykoruTharattu (A
Lullaby at 12:30 in the Night), written by P. Raman, won the award for the best
poetry.
(2) Ramachi by Vinoy Thomas has bagged the
award for the best short story.
(3) Noted actress SajithaMadathil bagged
the Akademi award for her contribution in the drama ArangileMatsyagandhikal.
(4) The Akademi announced that fellowships
have been awarded to writers P. Valsala and N.V.P. Unnithiri. The fellowships
carry a cash award of Rs 50,000, a two sovereign gold locket, a citation and a
certificate.
2.
Ministry of Tribal Affairs bags Award of Appreciation in the 18th CSI SIG
E-Governance Awards 2020: The Ministry of Tribal Affairs bags the prestigious
Award of Appreciation in the Project Category-Central Government Entity – in
the 18th CSI SIG eGov Awards 2020 for their ‘Performance Dashboard Empowering
Tribals Transforming India through various ICT initiatives.
The award was received by the joint
secretary of the Ministry of Tribal Affairs, Dr. Navaljit Kapoor from the
honorable Chief Minister of Uttar Pradesh Shri Yogi Adityanath Ji in Lucknow.
These awards have been conducted by CSI-SIGegov. The awards are given for
recognizing the efforts made in the e-Governance area at the State, Department,
District and Project level.
DEFENCE
1.
Indian Navy gets third Scorpene submarine, to be commissioned as INS Karanj: The Indian Navy has
got its third Scorpene-class submarine, which will be commissioned as INS
Karanj. The submarine, which is docked in Mumbai’s Mazagaon, was launched in
2018 for sea trials. The fourth such submarine – Vela – is currently undergoing
sea trials, while Vagir – the fifth – has just started harbour sea trial. The
sixth one is still being worked upon. All
six submarines are being constructed under Project P-75. With these,
India will be further strengthening its position as a submarine-building
nation.
OBITUARIES
1. Music Director Issac Thomas Kottukapally passes away: Music director Issac Thomas Kottukapally passed away in Chennai. He was 72. Kottukapally had received the National Award for Best Background Music for Malayalam film ‘AdaminteMakan Abu’ in 2010.He had also received the State Film Awards for Best Background Music for four films — ‘Bhavam’ (2002), ‘Margam’ (2003), ‘Sancharam’ and ‘Oridam’ (2004). He composed music for many films including ‘Sancharam’, ‘KuttySrank’, ‘Swaham’, ‘Bhavam’ and ‘KunjananthanteKada’, among others.