Featured Post

Greetings!

Hi folks, Greetings from Paridhi Madam and Hardik Sir! Paridhi Madam and Hardik Sir are renowned educationists and have shaped li...

Wednesday, October 27, 2021

Daily GK Update- 27th Oct, 2021

 

NATIONAL UPDATES:

 

1. Invest India elected as President of Geneva-based WAIPA: Invest India, a young startup within the Government of India has been unanimously elected as the President of the World Association of Investment Promotion Agencies (WAIPA) for 2021-2023. Invest India is the National Investment Promotion and Facilitation Agency to help investors looking for investment opportunities and options in India.

The members of the Steering Committee of WAIPA for 2021-23 includes:

President: Invest India

Two Vice Presidents: Egypt and Switzerland

9 Regional Directors: Brazil, South Korea, Finland, Kuwait, Costa Rica, Cyprus, Azerbaijan, Ghana, and Samoa.

Note: World Association of Investment Promotion Agencies Founded: 1995.

 

2. NITI Aayog launches “Innovations for You” Digi-Book: The Atal Innovation Mission (AIM) of NITI Aayog has launched a Digi-book named “Innovations for You”. The sector in focus in this Digi-book is Healthcare. “Innovation for you” is an initiative of Niti Aayog to share success stories of Atal Innovation Mission’s Startups in different domains. The Digi-book was launched with the aim of serving as an encouragement for upcoming entrepreneurs in order to work on the path of creativity and imagination for addressing some of the pressing challenges in India. It also aims to showcase the best innovations and entrepreneurs to bring them to the forefront.

NITI Aayog’s Digi Book:

(1) NITI aayog has launched the DIGI book, as India is celebrating the Azadi ka Amrit Mahotsav.

(2) Digi-book is a compilation of 45 health tech start-ups. These start-ups have been incubated at the Atal Incubation Centres across the country.

(3) These start-ups have been leveraging technologies such as AI, IoT, ICT and others for providing socially relevant solutions to health issues like neonatal & child care, mental health, dental care, anaemia and monitoring human vitals.

 

3. India’s first ‘test tube’ Banni buffalo calf born in Gujarat: The first IVF calf of “Banni” breed of buffaloes, found primarily in Gujarat’s Kutch region, was born at a farmer’s house in the state’s Gir Somnath district. The process was carried out to enhance the number of genetically superior buffaloes to increase milk production. Banni buffalo is known for its resilience and higher milk-producing capacity in an arid environment. The breed had achieved six pregnancies from 18 recipient buffaloes at his farm, which were implanted with embryos through IVF technology, and the process was carried out by JKBovagenix of NGO JK Trust. India has more than 109 million buffaloes that are 56 per cent of the world’s buffalo population.

 

4. U.P. govt renames Faizabad station as Ayodhya Cantt: The Uttar Pradesh government has decided to rename the Faizabad Junction to Ayodhya Cantt railways station. Opened in 1874, the Faizabad railway station comes under the Northern Railway zone. It falls under the Lucknow-Varanasi section. Earlier in 2018, the Yogi Adityanath government had renamed Faizabad Ayodhya on the occasion of Diwali. The BJP government also changed the name of Allahabad to Prayagraj and Mughalsarai railway junction as Pt Deen Dayal Upadhyay junction.

Note: UP Capital: Lucknow; UP Governor: Anandiben Patel; UP Chief minister: Yogi Adityanath.

 

5. Indian Army celebrates 75th Infantry Day on 27 October: The Indian Army celebrates October 27 every year as the ‘Infantry Day’. This year nation celebrates its 75th Infantry Day on October 27, 2021. On this day that the 1st Battalion of the Sikh Regiment landed at Srinagar airbase and displayed resoluteness and extraordinary courage and became ‘The Wall’ to thwart the evil designs of the Pakistan Army, who had invaded Kashmir with the help of tribal raiders in 1947.

History of Infantry Day: Infantry Day is celebrated as a remembrance of the first military event of independent India, when the First Battalion of the Sikh Regiment of Indian Army fought battle to accomplish victory over the first attack on the Indian soil by the Pakistan Army and Lashkar invader on October 27, 1947, in the Kashmir valley, who tried to grab J&K.

 

INTERNATIONAL UPDATES:

 

1. South Korea flight tests first homegrown space rocket “Nuri”: South Korea recently launched its first indigenously developed rocket, known as “Korean Satellite Launch Vehicle II” or “Nuri”. The launch vehicle lifted off from the Naro Space Center, in Goheung, built on an island nearly 300 miles (500 kilometres) south of Seoul. Nuri rocket is 47.2 metres long and weighs 200 tons. The three-stage rocket is fitted with six liquid-fuelled engines. It has been built at an estimated cost of 2 trillion won (£1.23bn or $1.6bn).

Note: South Korea President: Moon Jae-in; South Korea Capital: Seoul; South Korea Currency: South Korean won.

 

2. China launches satellite ‘Shijian-21’: China successfully launched a new satellite named Shijian-21. The satellite will be used to test and verify space debris mitigation technologies. Shijian-21 was launched from the Xichang Satellite Launch Centre in southwest China’s Sichuan Province on a Long March-3B carrier rocket. The satellite will be mainly used to test and verify space debris mitigation technologies. This launch marked the 393rd mission for the Long March series carrier rockets.

Note: China Capital: Beijing; China Currency: Renminbi; China President: Xi Jinping.

 

3. World Day for Audiovisual Heritage: 27th October: The World Day for Audiovisual Heritage is observed every year on 27 October. The World Day for Audiovisual Heritage is a key initiative for both UNESCO and the Coordinating Council of Audiovisual Archives Associations (CCAAA) to honour audiovisual preservation professionals and institutions that safeguard our heritage for future generations. The day was chosen to raise awareness of the significance and preservation risks of recorded sound and audiovisual documents. The theme of the World Day for Audiovisual Heritage 2021: “Your Window to the World”.

History of the day: The 33rd session of UNESCO’s General Conference adopted 33 C/Resolution 53 to proclaim 27 October as World Day for Audiovisual Heritage, in commemoration of the adoption, in 1980 by the 21st session of the General Conference, of the Recommendation for the Safeguarding and Preservation of Moving Images.

Note: UNESCO headquarters: Paris, France; UNESCO Head: Audrey Azoulay; UNESCO Founded: 16 November 1945.

 

OTHER UPDATES:

 

SPORTS

 

1. Nagaland to host 56th National Cross Country Championship: The 2022 South Asian Federation Cross Country Championships is scheduled to be held in Kohima, Nagaland on January 15, 2022. Besides this, the 56th National Cross Country Championships will also be clubbed with the South Asian Federation Cross Country Championships. This will be the first-ever national athletics event hosted by Nagaland. Top athletes from the eight South Asian countries will take part in the day-long international sports event. The championship will involve running on different types of terrain including sprint over dirt, jog downhill and mounting uphill.

Note: Chief Minister of Nagaland: Neiphiu Rio; Governor of Nagaland: Jagdish Mukhi.

 

2. Hyderabad Cricket Association unveiled World’s biggest cricket bat: Former India captain and now Hyderabad Cricket Association (HCA) president Mohd Azharuddin has unveiled what is certified by the Guinness Book of World Records to be the biggest cricket bat, designed by Pernod Ricard India (P) Ltd, on Tank Bund. The bat measures 56.10 feet, weighs 9-tonnes and is made of poplar wood. This was to convey best wishes to the Indian cricket team and bring back the T-20 World Cup in Dubai.

 

BANKING AND FINANCE

 

1. ICICI Bank surpasses HUL to occupy 5th spot in m-cap: Private sector lender ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value. According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at ₹5.83 lakh crore, just above HUL’s ₹5.76 lakh crore. This follows the bank posting its highest ever quarterly net profit in the July to September 2021 quarter.

The bank’s scrip touched a 52-week high of ₹859.70 on the BSE before ending at ₹841.05, registering a gain of 10.8 per cent over the previous day’s close. ICICI Bank becomes the second lender after HDFC Bank to break into the top five companies on the BSE in terms of m-cap.

Note: ICICI Bank MD & CEO: Sandeep Bakhshi; ICICI Bank Headquarters: Mumbai, Maharashtra; ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

 

BUSINESS AND ECONOMY

 

1. Ramnath Krishnan appointed as MD and Group CEO of ICRA: Ramnath Krishnan has been appointed as the new Managing Director and Group Chief Executive Officer (CEO) of rating agency ICRA. He replaces N Sivaraman, who resigned with immediate effect citing personal reasons on October 23, 2021. Gurgaon based ICRA is a unit owned by global rating agency Moody’s Corporation.

 

2. Adidas ropes in Deepika Padukone as Global brand ambassador: German sportswear brand Adidas has roped in Bollywood actress Deepika Padukone as global ambassador for women sports. She will represent Adidas women globally. She joins the elite list of female brand ambassadors of Adidas in India, including Mirabai Chanu; boxers Lovlina Borgohain, Nikhat Zareen and Simranjeet Kaur; sprinter Hima Das, and squash player Dipika Pallikal.

 

AWARDS AND HONOURS

 

1. Rajinikanth honoured with Dadasaheb Phalke Award: Actor Rajinikanth was honoured with the prestigious 51st Dadasaheb Phalke Award at the 67th National Film Awards ceremony, for his contribution as an actor, producer and screenwriter. He received the prestigious award from Vice President M Venkaiah Naidu for his stupendous contribution to Indian cinema.

Instituted in 1969, the award is the highest honour for an artiste in Indian cinema. The award was decided by a jury consisting of five members: Asha Bhonsle, director Subhash Ghai, Mohanlal, Shankar Mahadevan and actor Biswajeet Chatterjee. The Dadasaheb Phalke Award for 2019 was to be announced last year but was postponed because of the Covid-19 pandemic, as were the National Film Awards for 2019.

Some of the winners:

 

Best Feature Film:

Marakkar: Lion of the Arabian Sea (Malayalam)

Best Actor (shared):

 Manoj Bajpayee for Bhonsle (Hindi), and Dhanush for Asuran (Tamil)

Best Actress:

Kangana Ranaut for Panga (Hindi) and Manikarnika: The Queen of Jhansi (Hindi)

Best Supporting Actress:

Pallavi Joshi for The Tashkent Files (Hindi)

Best Supporting Actor:

Vijay Sethupathi for Super Deluxe (Tamil)

Best Director:

Sanjay Puran Singh Chauhan for Bahattar Hoorain (Hindi)

Best Action Direction:

Avane Srimannarayana (Kannada), Vikram Mor

Best Choreography:

Maharishi (Telugu), Raju Sundaram

Best Special Effects:

Marakkar: Lion of the Arabian Sea (Malayalam), Siddharth Priyadarshan

Special Jury Award:

Oththa Seruppu Size 7 (Tamil), Radhakrishnan Parthiban

Best Lyrics:

Prabha Varma for Kolaambi (Malayalam)

Best Music Direction:

D. Imman for Viswasam (Tamil)

Best Background Music:

Prabuddha Banerjee for Jyeshthoputro (Bengali)

Best Children’s Film:

Kastoori (Hindi)

Best Film on Environment Conservation:

Water Burial (Monpa)

Best Film on Social Issues:

Anandi Gopal (Marathi)

Best Female Playback Singer:

Savani Ravindra for Bardo (Marathi)

Best Male Playback Singer:

B Praak for Kesari (Hindi)

Best Hindi Film:

Chhichhore

Most Film Friendly State:

Sikkim

Best Book on Cinema:

A Gandhian Affair: India’s Curious Portrayal of Love in Cinema, by Sanjay Suri

 

 

 

 

 

 

 

 

 NATIONAL UPDATES:

 

1. Invest India elected as President of Geneva-based WAIPA: Invest India, a young startup within the Government of India has been unanimously elected as the President of the World Association of Investment Promotion Agencies (WAIPA) for 2021-2023. Invest India is the National Investment Promotion and Facilitation Agency to help investors looking for investment opportunities and options in India.

The members of the Steering Committee of WAIPA for 2021-23 includes:

President: Invest India

Two Vice Presidents: Egypt and Switzerland

9 Regional Directors: Brazil, South Korea, Finland, Kuwait, Costa Rica, Cyprus, Azerbaijan, Ghana, and Samoa.

Note: World Association of Investment Promotion Agencies Founded: 1995.

 

2. NITI Aayog launches “Innovations for You” Digi-Book: The Atal Innovation Mission (AIM) of NITI Aayog has launched a Digi-book named “Innovations for You”. The sector in focus in this Digi-book is Healthcare. “Innovation for you” is an initiative of Niti Aayog to share success stories of Atal Innovation Mission’s Startups in different domains. The Digi-book was launched with the aim of serving as an encouragement for upcoming entrepreneurs in order to work on the path of creativity and imagination for addressing some of the pressing challenges in India. It also aims to showcase the best innovations and entrepreneurs to bring them to the forefront.

NITI Aayog’s Digi Book:

(1) NITI aayog has launched the DIGI book, as India is celebrating the Azadi ka Amrit Mahotsav.

(2) Digi-book is a compilation of 45 health tech start-ups. These start-ups have been incubated at the Atal Incubation Centres across the country.

(3) These start-ups have been leveraging technologies such as AI, IoT, ICT and others for providing socially relevant solutions to health issues like neonatal & child care, mental health, dental care, anaemia and monitoring human vitals.

 

3. India’s first ‘test tube’ Banni buffalo calf born in Gujarat: The first IVF calf of “Banni” breed of buffaloes, found primarily in Gujarat’s Kutch region, was born at a farmer’s house in the state’s Gir Somnath district. The process was carried out to enhance the number of genetically superior buffaloes to increase milk production. Banni buffalo is known for its resilience and higher milk-producing capacity in an arid environment. The breed had achieved six pregnancies from 18 recipient buffaloes at his farm, which were implanted with embryos through IVF technology, and the process was carried out by JKBovagenix of NGO JK Trust. India has more than 109 million buffaloes that are 56 per cent of the world’s buffalo population.

 

4. U.P. govt renames Faizabad station as Ayodhya Cantt: The Uttar Pradesh government has decided to rename the Faizabad Junction to Ayodhya Cantt railways station. Opened in 1874, the Faizabad railway station comes under the Northern Railway zone. It falls under the Lucknow-Varanasi section. Earlier in 2018, the Yogi Adityanath government had renamed Faizabad Ayodhya on the occasion of Diwali. The BJP government also changed the name of Allahabad to Prayagraj and Mughalsarai railway junction as Pt Deen Dayal Upadhyay junction.

Note: UP Capital: Lucknow; UP Governor: Anandiben Patel; UP Chief minister: Yogi Adityanath.

 

5. Indian Army celebrates 75th Infantry Day on 27 October: The Indian Army celebrates October 27 every year as the ‘Infantry Day’. This year nation celebrates its 75th Infantry Day on October 27, 2021. On this day that the 1st Battalion of the Sikh Regiment landed at Srinagar airbase and displayed resoluteness and extraordinary courage and became ‘The Wall’ to thwart the evil designs of the Pakistan Army, who had invaded Kashmir with the help of tribal raiders in 1947.

History of Infantry Day: Infantry Day is celebrated as a remembrance of the first military event of independent India, when the First Battalion of the Sikh Regiment of Indian Army fought battle to accomplish victory over the first attack on the Indian soil by the Pakistan Army and Lashkar invader on October 27, 1947, in the Kashmir valley, who tried to grab J&K.

 

INTERNATIONAL UPDATES:

 

1. South Korea flight tests first homegrown space rocket “Nuri”: South Korea recently launched its first indigenously developed rocket, known as “Korean Satellite Launch Vehicle II” or “Nuri”. The launch vehicle lifted off from the Naro Space Center, in Goheung, built on an island nearly 300 miles (500 kilometres) south of Seoul. Nuri rocket is 47.2 metres long and weighs 200 tons. The three-stage rocket is fitted with six liquid-fuelled engines. It has been built at an estimated cost of 2 trillion won (£1.23bn or $1.6bn).

Note: South Korea President: Moon Jae-in; South Korea Capital: Seoul; South Korea Currency: South Korean won.

 

2. China launches satellite ‘Shijian-21’: China successfully launched a new satellite named Shijian-21. The satellite will be used to test and verify space debris mitigation technologies. Shijian-21 was launched from the Xichang Satellite Launch Centre in southwest China’s Sichuan Province on a Long March-3B carrier rocket. The satellite will be mainly used to test and verify space debris mitigation technologies. This launch marked the 393rd mission for the Long March series carrier rockets.

Note: China Capital: Beijing; China Currency: Renminbi; China President: Xi Jinping.

 

3. World Day for Audiovisual Heritage: 27th October: The World Day for Audiovisual Heritage is observed every year on 27 October. The World Day for Audiovisual Heritage is a key initiative for both UNESCO and the Coordinating Council of Audiovisual Archives Associations (CCAAA) to honour audiovisual preservation professionals and institutions that safeguard our heritage for future generations. The day was chosen to raise awareness of the significance and preservation risks of recorded sound and audiovisual documents. The theme of the World Day for Audiovisual Heritage 2021: “Your Window to the World”.

History of the day: The 33rd session of UNESCO’s General Conference adopted 33 C/Resolution 53 to proclaim 27 October as World Day for Audiovisual Heritage, in commemoration of the adoption, in 1980 by the 21st session of the General Conference, of the Recommendation for the Safeguarding and Preservation of Moving Images.

Note: UNESCO headquarters: Paris, France; UNESCO Head: Audrey Azoulay; UNESCO Founded: 16 November 1945.

 

OTHER UPDATES:

 

SPORTS

 

1. Nagaland to host 56th National Cross Country Championship: The 2022 South Asian Federation Cross Country Championships is scheduled to be held in Kohima, Nagaland on January 15, 2022. Besides this, the 56th National Cross Country Championships will also be clubbed with the South Asian Federation Cross Country Championships. This will be the first-ever national athletics event hosted by Nagaland. Top athletes from the eight South Asian countries will take part in the day-long international sports event. The championship will involve running on different types of terrain including sprint over dirt, jog downhill and mounting uphill.

Note: Chief Minister of Nagaland: Neiphiu Rio; Governor of Nagaland: Jagdish Mukhi.

 

2. Hyderabad Cricket Association unveiled World’s biggest cricket bat: Former India captain and now Hyderabad Cricket Association (HCA) president Mohd Azharuddin has unveiled what is certified by the Guinness Book of World Records to be the biggest cricket bat, designed by Pernod Ricard India (P) Ltd, on Tank Bund. The bat measures 56.10 feet, weighs 9-tonnes and is made of poplar wood. This was to convey best wishes to the Indian cricket team and bring back the T-20 World Cup in Dubai.

 

BANKING AND FINANCE

 

1. ICICI Bank surpasses HUL to occupy 5th spot in m-cap: Private sector lender ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value. According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at ₹5.83 lakh crore, just above HUL’s ₹5.76 lakh crore. This follows the bank posting its highest ever quarterly net profit in the July to September 2021 quarter.

The bank’s scrip touched a 52-week high of ₹859.70 on the BSE before ending at ₹841.05, registering a gain of 10.8 per cent over the previous day’s close. ICICI Bank becomes the second lender after HDFC Bank to break into the top five companies on the BSE in terms of m-cap.

Note: ICICI Bank MD & CEO: Sandeep Bakhshi; ICICI Bank Headquarters: Mumbai, Maharashtra; ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

 

BUSINESS AND ECONOMY

 

1. Ramnath Krishnan appointed as MD and Group CEO of ICRA: Ramnath Krishnan has been appointed as the new Managing Director and Group Chief Executive Officer (CEO) of rating agency ICRA. He replaces N Sivaraman, who resigned with immediate effect citing personal reasons on October 23, 2021. Gurgaon based ICRA is a unit owned by global rating agency Moody’s Corporation.

 

2. Adidas ropes in Deepika Padukone as Global brand ambassador: German sportswear brand Adidas has roped in Bollywood actress Deepika Padukone as global ambassador for women sports. She will represent Adidas women globally. She joins the elite list of female brand ambassadors of Adidas in India, including Mirabai Chanu; boxers Lovlina Borgohain, Nikhat Zareen and Simranjeet Kaur; sprinter Hima Das, and squash player Dipika Pallikal.

 

AWARDS AND HONOURS

 

1. Rajinikanth honoured with Dadasaheb Phalke Award: Actor Rajinikanth was honoured with the prestigious 51st Dadasaheb Phalke Award at the 67th National Film Awards ceremony, for his contribution as an actor, producer and screenwriter. He received the prestigious award from Vice President M Venkaiah Naidu for his stupendous contribution to Indian cinema.

Instituted in 1969, the award is the highest honour for an artiste in Indian cinema. The award was decided by a jury consisting of five members: Asha Bhonsle, director Subhash Ghai, Mohanlal, Shankar Mahadevan and actor Biswajeet Chatterjee. The Dadasaheb Phalke Award for 2019 was to be announced last year but was postponed because of the Covid-19 pandemic, as were the National Film Awards for 2019.

Some of the winners:

 

Best Feature Film:

Marakkar: Lion of the Arabian Sea (Malayalam)

Best Actor (shared):

 Manoj Bajpayee for Bhonsle (Hindi), and Dhanush for Asuran (Tamil)

Best Actress:

Kangana Ranaut for Panga (Hindi) and Manikarnika: The Queen of Jhansi (Hindi)

Best Supporting Actress:

Pallavi Joshi for The Tashkent Files (Hindi)

Best Supporting Actor:

Vijay Sethupathi for Super Deluxe (Tamil)

Best Director:

Sanjay Puran Singh Chauhan for Bahattar Hoorain (Hindi)

Best Action Direction:

Avane Srimannarayana (Kannada), Vikram Mor

Best Choreography:

Maharishi (Telugu), Raju Sundaram

Best Special Effects:

Marakkar: Lion of the Arabian Sea (Malayalam), Siddharth Priyadarshan

Special Jury Award:

Oththa Seruppu Size 7 (Tamil), Radhakrishnan Parthiban

Best Lyrics:

Prabha Varma for Kolaambi (Malayalam)

Best Music Direction:

D. Imman for Viswasam (Tamil)

Best Background Music:

Prabuddha Banerjee for Jyeshthoputro (Bengali)

Best Children’s Film:

Kastoori (Hindi)

Best Film on Environment Conservation:

Water Burial (Monpa)

Best Film on Social Issues:

Anandi Gopal (Marathi)

Best Female Playback Singer:

Savani Ravindra for Bardo (Marathi)

Best Male Playback Singer:

B Praak for Kesari (Hindi)

Best Hindi Film:

Chhichhore

Most Film Friendly State:

Sikkim

Best Book on Cinema:

A Gandhian Affair: India’s Curious Portrayal of Love in Cinema, by Sanjay Suri

Tuesday, October 26, 2021

Daily GK Update- 26th Oct, 2021

 

NATIONAL UPDATES:

 

1. Election Commission of India launches Garuda App: The Election Commission of India (ECI) has launched the Garuda app for digital mapping of all polling stations, to ensure faster, smarter, transparent and timely completion of election work. Through the Garuda app, Booth Level Officers (BLO) will upload photos and location information of the polling stations, along with data like latitude and longitude of the centre, from their registered mobile numbers. The app will also help in reducing the paperwork.

Note: Election Commission of India Formed: 25 January 1950; Election Commission of India Headquarters: New Delhi; Chief Election Commissioner of India: Sushil Chandra.

 

2. India’s 1st State-Wildlife DNA testing analysis lab inaugurated in Nagpur: Uddhav Thackeray, Chief Minister of Maharashtra, inaugurated India’s 1st State government-owned Wildlife DNA testing analysis laboratory at Regional Forensic Science Laboratory (RFSL) in Nagpur, Maharashtra. On the occasion, he also launched 3 Fast Track DNA testing units in Mumbai & Pune under the Nirbhaya scheme.

At present, there are 2 Wildlife DNA testing laboratories at Dehradun & Hyderabad, which are fully owned by the Central Government, whereas the newly launched is the 1st in India to be owned by a state government. The labs will be exclusively dealing with cases registered under Protection of Children From Sexual Offences (POCSO) Act, 2012. The labs were developed at a cost of Rs 53 crore under Central Government’s Nirbhaya Scheme.

Note: Maharashtra Capital: Mumbai; Maharashtra Governor: Bhagat Singh Koshyari;  Maharashtra Chief minister: Uddhav Thackeray.

 

3. “Writing for My Life” anthology of Ruskin Bond released:  “Writing for My Life”, an anthology of author Ruskin Bond has been released. It contains some of the most exemplary stories, essays, poems and memories of Ruskin Bond. This anthology has been released 25 years after the first anthology of Bond titled, “The Best of Ruskin Bond”. The selections for this anthology have been made by Bond himself and his editor Premanka Goswami. Ruskin Bond is an Indian author of British descent. His first novel is The Room on the Roof.

Anthology: An anthology is a collection of literary works chosen by the compiler; it may be a collection of plays, poems, short stories, songs or excerpts by different authors.

 

4. Drama film Koozhangal is India’s official entry for Oscars 2022: The Tamil-language drama film Koozhangal (internationally translated as Pebbles), has been selected as India’s official entry for the 94th Academy Awards (Oscars 2022). The film has been directed by filmmaker Vinothraj PS and produced by Vignesh Shivan and Nayanthara. The 94th Academy Awards are scheduled to take place in Los Angeles, on March 27, 2022.

 

5. Vigilance Awareness Week 2021: October 26 to November 01: The Vigilance Awareness Week 2021 has been organised by the Central Vigilance Commission (CVC) from 26 October to 01 November 2021. The annual event is celebrated during the week in which the birthday of Sardar Vallabhbhai Patel falls, which is held on October 31. The theme of Vigilance Awareness Week 2021: ‘Independent India @75: Self Reliance with Integrity‘.

The week-long celebration aims to promote integrity, transparency and accountability amongst public servants and create awareness about the existence, causes and gravity of corruption and the threat posed by it to society as a whole.

 

INTERNATIONAL UPDATES:

 

1. Turkey joins Pakistan in FATF Grey list: Global terror financing watchdog Financial Action Task Force (FATF) has retained Pakistan on its ‘Grey List’ of countries. In a briefing, FATF president Marcus Pleyer also said that three new countries Turkey, Jordan, and Mali have also been added to the Grey List. In June this year, the FATF had retained Pakistan on its ‘Grey List’ for failing to check money laundering, leading to terror financing. The FATF asked Islamabad to investigate and prosecute UN-designated terror terrorists including Hafiz Saeed and Masood Azhar. It also asked Pakistan to work to address its strategically important deficiencies.

Pakistan was placed on the Grey List by the FATF in June 2018. Since then, Pakistan continues to be in the list due to its failure to comply with the FATF mandates. Due to its placing on the Grey List, it has become increasingly difficult for Pakistan to get financial aid from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and the European Union.

 

2. Economist Gita Gopinath to leave IMF in January 2022: The International Monetary Fund’s Chief Economist and Director of the Research Department, Gita Gopinath will leave the organisation in January 2022. She will return to Harvard University’s economics department. She was on public service leave during her tenure at the organisation, and the leave will end in January 2022. Gopinath, during her tenure, co-authored the “Pandemic Paper”, a document that set globally endorsed targets for vaccinating the world against Covid-19, the IMF said.

Harvard had extended Gopinath’s leave by one year as an exceptional case, which allowed her to serve as the chief economist at the IMF for three years. IMF Managing Director Kristalina Georgieva said Gopinath’s contribution to the fund was “truly remarkable”.

Note: IMF Headquarters: Washington, D.C. U.S; IMF Managing Director and Chairman: Kristalina Georgieva.

 

3. Russian filmmaker Klim Shipenko becomes first to shoot film in space: A Russian film crew has scripted record by undertaking the first-ever motion picture shooting session in the International Space Station (ISS). The Russian film director Klim Shipenko and actress Yulia Peresild spent 12 days in the ISS for filming 30 minutes duration scenes for the film “The Challenge”. It took around 30 hours to record the material while in space. “The Challenge” is the first feature film to be shot in space. The film is based on the life of a woman doctor who goes to space to save a cosmonaut’s life.

 

OTHER UPDATES:

 

SPORTS

 

1. FIFA Ranking 2021: India ranked 106th: India has ranked 106th in the FIFA (Fédération Internationale de Football Association) Rankings 2021, the position of team India was increased to one spot. After the victory in the SAFF (South Asian Football Federation) Championship 2021 of team India led by Sunil Chhetri, it has secured the 106th position. The team has defeated Nepal in the summit clash. Under the FIFA Rankings, Belgium is at 1st position. Brazil holds 2nd position, France holds 3rd position.

 

BANKING AND FINANCE

 

1. AU Small Finance Bank launched QR Sound box for payment alerts: India’s Largest Small Finance Bank AU Small Finance Bank has launched QR (Quick Response) Code Sound Box to boost its digital payments while making it the first bank to launch such a product. The QR Sound Box will help small merchants to run their operations smoothly without the hassle of reading SMS every time when a customer makes a payment. It will be made available in five languages – Hindi, English, Punjabi, Gujarati and Marathi.

Note: AU small finance bank Headquarters: Jaipur, Rajasthan; AU small finance bank MD & CEO: Sanjay Agarwal; AU small finance bank Chairman: Raj Vikash Verma.

 

2. RBL Bank working on a new digital platform Abacus 2.0: RBL Bank is working on a new digital platform named Abacus 2.0, that would help the bank to scale up customer acquisition over the next few years. Using Abacus 2.0, RBL Bank will provide products and services to new as well as existing customers digitally. RBL Bank had earlier launched Abacus 1.0 as a platform to increase its customer base in Tier 1 cities.

 

BUSINESS AND ECONOMY

 

1. OnePlus appoints Navnit Nakra as India CEO and Head of India region: Chinese Smartphone maker OnePlus has announced the appointment of Navnit Nakra as its India CEO and Head of OnePlus India region operations. Prior to this, Nakra served as the Vice President, Chief Strategy Officer and Head of Sales of OnePlus in India. He had joined the company in February 2020.

 

2. Kumar Mangalam Birla to invest in UAE’s digibank ‘Zand’: Kumar Mangalam Birla, the Chairman of Aditya Birla Group, is set to invest in Zand, the first digital only independent bank in UAE. For this investment, Birla will partner with Hamed bin Zayed Al Nahyan, the Managing Director of Abu Dhabi Investment Authority (ADIA). Initial investment is projected between $50-$100 million, which is expected to be made from Birla’s private family office. Birla is the first Indian to make an invest in the banking system of UAE.

 

DEFENCE

 

1. DRDO Successfully flight-tests Expendable Aerial Target ‘ABHYAS’: The Defence Research and Development Organisation (DRDO) successfully flight-tested the High-speed Expendable Aerial Target (HEAT)- ABHYAS, from the Integrated Test Range (ITR), Chandipur off the coast of Bay of Bengal in Odisha. The target aircraft is equipped with a MEMS-based Inertial Navigation System (INS) for navigation along with the Flight Control Computer (FCC) for guidance and control.

About the ABHYAS: ABHYAS is designed & developed by DRDO laboratory, Aeronautical Development Establishment (ADE), Bengaluru, for the Indian Armed Forces. The air vehicle ABHYAS can be used as an aerial target for the evaluation of various missile systems. The vehicle is programmed for fully autonomous flight. The check-out of air vehicles is done using a laptop-based Ground Control Station (GCS).

 

2. Indian Navy launches Offshore Sailing Regatta: The Indian Navy has organised an Offshore Sailing Regatta from Kochi to Goa, as a part of the Azadi Ka Amrit Mahotsav celebrations, and above all, boost the spirit of adventure and ocean sailing among the Navy Personnel. The event organised under the aegis of the Indian Naval Sailing Association (INSA) will see the participation of six Indian naval sailing vessels (INSVs), comprising of four 40 footers ad two 56 footers. The vessels will cover a total distance of 360 nautical miles between the starting point at the Naval base in Kochi to Goa.

The six INSVs include:  56 footer: Mhadei and Tarini; 40 footer: Bulbul, Neelkhanth, Kadalpura and Hariyal.

Monday, October 25, 2021

Daily GK Update- 25th Oct, 2021

 

NATIONAL UPDATES:

 

1. Centre further extends Pradhan Mantri Garib Kalyan Package: Government has decided to extend the Pradhan Mantri Garib Kalyan Package (PMGKP): Insurance Scheme for Health Care Workers Fighting COVID-19’ for a further period of 180 days with effect from October 21, 2021. The current period of the policy was to end on October 20, 2021. The insurance policy was announced on March 30, 2020, which aims to provide an insurance cover of Rs 50 lakh to nearly 22.12 lakh health workers who are deputed to take care of COVID-19 patients.

 

2. UIDAI to host ‘Aadhaar Hackathon 2021’: Government agency UIDAI is hosting a Hackathon titled “Aadhaar Hackathon 2021”. The hackathon is starting on 28 Oct 21 and would continue till 31 Oct 21. With new challenged and themes, the Hackathon 2021 will have two topics. The first theme is around “Enrolment and Update”, which essentially covers some of the real-life challenges being faced by the residents while updating their address. The second theme of the Hackathon is around the “Identity and Authentication” solution offered by UIDAI. UIDAI is soliciting innovative solutions to prove Identity without sharing the Aadhaar number or any demographics information. Also, it is looking for innovative applications around face authentication API – the newly launched authentication modality of UIDAI. The objective is to popularize some of the existing and new APIs to solve the needs of residents.

 

3. Microsoft Launches Program To Support AI Startups In India: Microsoft recently announced the launch of Microsoft AI Innovate, a 10-week initiative that will support startups in India leveraging Artificial Intelligence (AI) technologies, helping them scale operations, drive innovation, & build industry expertise. The program will also enable startups to reach out to newer customers and geographies with Microsoft’s sales and partners.

To support the startup ecosystem in the country, the company has launched a programme, Microsoft AI Innovate, for nurturing and scaling startups that are leveraging Artificial Intelligence (AI). Microsoft AI Innovate was aimed at bringing together startups, corporates, industry bodies, governments, and venture capital firms, to create a shared platform for learning and innovation. The selected startups in each of the cohorts will have access to industry deep-dive sessions and AI masterclasses by industry experts, mentoring by unicorn founders, skilling and certification opportunities, among other benefits.

Note: Microsoft CEO and Chairman: Satya Nadella; Microsoft Headquarters: Redmond, Washington, United States.

 

4. A book titled “The Origin Story of India’s States” by VS Srinivasan: The book titled ‘The Origin Story of India’s States’ is written by Venkataraghavan Subha Srinivasan and published by Penguin Random House India (PRHI). It is a story about the birth of India’s 28 states and 8 union territories. Also, their continuous changes. Venkataraghavan Subha Srinivasan is a writer, actor and strategy consultant from Bengaluru, Karnataka. This is his first non-fiction book.

 

INTERNATIONAL UPDATES:

 

1. Barbados elects its first-ever president, removing UK’s Queen Elizabeth: Barbados has elected its first-ever president as it prepares to become a republic, removing Queen Elizabeth as head of state. Dame Sandra Mason, 72, is set to be sworn in on 30 November, which will mark the country’s 55th anniversary of independence from Britain. The first woman to serve on the Barbados Court of Appeals, Dame Sandra has been governor-general since 2018. The historic election came after a joint session of the House of Assembly and the Senate.  described the vote as a “seminal moment” for the nation.

About the Barbados: With a population of about 285,000, Barbados is one of the more populous and prosperous Caribbean islands. Once heavily dependent on sugar exports, its economy has diversified into tourism and finance. Barbados will not be the first former British colony in the Caribbean to become a republic. Guyana took that step in 1970, less than four years after gaining independence from Britain. Trinidad and Tobago followed suit in 1976 and Dominica in 1978.

Note: Prime Minister of Barbados: Mia Mottley; Barbados Capital: Bridgetown; Barbados Currency: Barbados Dollar; Barbados Continent: North America.

 

2. Donald Trump to launch social media platform called Truth Social: Donald Trump has announced plans to launch a social media platform called TRUTH Social that will be rolled be out early next year. The former US president, who was banned from Facebook and Twitter earlier this year, says his goal is to rival the tech companies that have denied him the megaphone that was paramount to his rise. Truth social will be a product of a new venture called the Trump Media & Technology Group. He wants to create a platform that rivals Twitter or Facebook, but that simply won’t happen.

 

3. India ranks 79th in World Justice Project’s Rule of Law Index 2021: India has ranked 79 out of 139 countries and jurisdictions in the World Justice Project’s (WJP) Rule of Law Index 2021. The WJP Rule of Law Index 2021 ranks the countries based on scores ranging from 0 to 1, with 1 indicating the strongest adherence to the rule of law. Denmark, Norway and Finland topped the World Justice Project’s (WJP) Rule of Law Index 2021.

Here is the list of Countries according to their rankings:

Rank

Country

1

Denmark

2

Norway

3

Finland

79

India

139

Venezuela, RB

138

Cambodia

137

Congo, Dem. Rep.

 

4. Disarmament Week 2021: 24th October to 30th October: Disarmament Week is observed annually to promote awareness and understanding of the issues of disarmament in several countries. The week aims to reduce the use of weapons, specifically nuclear weapons, to bring peace in society. This year, the disarmament week will be starting on October 24. The week-long observance will continue till October 30. Disarmament Week seeks to promote awareness and a better understanding of disarmament issues and their cross-cutting importance.

 

OTHER UPDATES:

 

BANKING AND FINANCE

 

1. Bharti AXA sign Bancassurance Partnership with Utkarsh Small Finance Bank: Bharti AXA Life Insurance Company Limited (Bharti AXA Life) has entered into a bancassurance partnership with Utkarsh Small Finance Bank to ensure distribution of life insurance products through the bank’s network across India. This partnership will enable the Bharti AXA life to reach Tier II and Tier III markets with insurance solutions and increase the reach of insurance in India. Under this partnership, the Bharti AXA Life’s insurance comprehensive suite of life insurance plans including the protection, health, savings and investment plans will be made available for the customers of the bank across 202 districts of 19 states and 2 Union territories.

Note: Utkarsh Small Finance Bank Headquarters: Varanasi, Uttar Pradesh; Utkarsh Small Finance Bank MD & CEO: Govind Singh.

 

BUSINESS AND ECONOMY

 

1. HDFC Bank, Mastercard, DFC, USAID launched a $100 Million Credit Facility: HDFC Bank, Mastercard, United States International Development Finance Corporation (DFC), and US Agency for International Development (USAID) launched a $100 million credit facility for MSMEs (Micro Small and Medium Enterprises) in India. The credit facility is part of USAID’s global Women Economic Empowerment Fund initiative and its COVID-19 response in India. HDFC Bank will ensure the credit facility to be available for new-to-credit small businesses owners including at least 50 per cent of women entrepreneurs through its branch network across India. To promote and support small businesses in India for digitisation needs and to recover from the economic impacts of the COVID-19.

Note: HDFC Bank Headquarters: Mumbai; HDFC Bank Founded: August 1994; HDFC Bank CEO: Sashidhar Jagdishan; HDFC Bank Tagline: We understand your world.

 

AWARDS AND HONOURS

 

1. Parambikulam Tiger Conservation Foundation wins Earth Heroes Awards 2021: The Parambikulam Tiger Conservation Foundation has bagged the Earth Guardian Award instituted by the NatWest Group. The eight winners of the award were felicitated by the UN Convention on International Trade in Endangered Species of Wild Fauna and Flora secretary-general Ivonne Higuero through a virtual ceremony.

About Earth Guardian Award: These awards were instituted by NatWest Group India. They are part of an initiative which recognises the efforts of individuals and institutions that are working to subvert climate change by conserving & preserving biodiversity in India.

Parambikulam Tiger Reserve: Parambikulam Tiger Reserve also includes erstwhile Parambikulam Wildlife Sanctuary, which is spread across 391 square kilometres. It is a protected area in Palakkad district of Kerala. It was established in 1973. The sanctuary lies in the Sungam range of hills in between Anaimalai Hills and Nelliampathy Hills. Parambikulam Wildlife Sanctuary was declared a part of Parambikulam Tiger Reserve in 2010. Tiger reserve implements the Participatory Forest Management Scheme (PFMS).

 

2. Martin Scorsese, Szabo to get Satyajit Ray Lifetime Achievement award: Hollywood veteran Martin Scorsese and celebrated Hungarian filmmaker Istevan Szabo will be honoured with the Satyajit Ray Lifetime Achievement award at this year’s International Film Festival of India (IFFI). The 52nd edition of the film festival will be held from November 20 to 28 in Goa. While Szabo is known for his masterpieces like 1966’s “Father” and 1981 movie “Mephisto”, Scorsese is one of the major figures of the New Hollywood era, widely regarded as one of the greatest and most influential directors in film history.

The opening film of this edition of IFFI will be “The King of all the World”, directed by Carlos Saura. Around 30 titles have been shortlisted for screening at 52nd IFFI from prominent International Film Festivals in the Festival Kaleidoscope and World Panorama Section. The festival will also pay a special tribute to Sean Connery, the first actor to portray fictional British spy James Bond on the big screen.

Sunday, October 24, 2021

Daily GK Update- 24th Oct, 2021

 

NATIONAL UPDATES:

 

1. MP Govt announced Implementation of “Mukhyamantri Ration Aapke Dwar Yojana”: The government of Madhya Pradesh (MP) has announced the implementation of the scheme ‘‘Mukhyamantri Ration Apke Dwar Yojana”, which will start from November 2021. Under this scheme, the ration will be provided at the doorstep of the villagers where there are no Fair Price Shops (FPS). To provide ration material to the vulnerable sections such as Divyanga (Specially-Abled) and senior citizens near their homes. To ensure proper ration supply for poor tribal families in each village bin 74 tribal dominated blocks of 16 districts.

Note: Madhya Pradesh Capital: Bhopal; Madhya Pradesh Governor: Mangubhai C. Patel; Madhya Pradesh Chief Minister: Shivraj Singh Chouhan.

 

2. Chhattisgarh launched “Shri Dhanwantri Generic Medical Store” Scheme: Chhattisgarh Chief Minister Bhupesh Baghel has virtually launched a new scheme named ‘Shri Dhanwantri Generic Medical Store scheme’ to provide low-cost generic medicines and enable seamless healthcare services to the vulnerable people of the state. The scheme will be implemented by the Urban Administration and Development Department (UADD). Under the scheme, around 188 medical shops are planned to be opened in 169 cities. Currently, 84 generic medical shops are opened in the inaugural session to distribute medicine. Under this scheme, people will get a discount between 09 per cent and 71 per cent on the MRP (Market Rate Price) of generic medicines.

Note: Chhattisgarh Capital: Raipur; Chhattisgarh Governor: Anusuiya Uikey; Chhattisgarh Chief Minister: Bhupesh Baghel.

 

3. Alok Mishra becomes new MD of India Ports Global Limited: The Appointments Committee of the Cabinet (ACC) has appointed Captain Alok Mishra as the Managing Director of India Ports Global Limited (IPGL). He is currently serving as the Head of operation and transformation lead at the Gateway Terminals India Pvt Ltd (GTI), Mumbai Maharashtra. Alok Mishra has been appointed for the full-time role for a term of 5 years. Alok Mishra succeeds Harjeet Kaur Joshi, CMD of Delivery Company of India Ltd (SCI), who held the additional charge as the MD of IPGL.

 

4. Defence Minister launched the book on Veer Savarkar: Defence Minister Rajnath Singh launched the book titled “Veer Savarkar: The Man Who Could Have Prevented Partition” authored by Uday Mahurkar and Chirayu Pandit at Ambedkar International Centre, New Delhi. Minister Rajnath Singh described Savarkar as an “icon of Indian history” and also described his contributions to a nation that was not yet considered and highlighted the prolonged controversies from time to time on the great leader Savarkar.

 

INTERNATIONAL UPDATES:

 

1. India, Israel, UAE, U.S. decide to launch quadrilateral economic forum: India, Israel, United Arab Emirates and the United States have decided to launch a new quadrilateral economic forum. Quadrilateral builds on ongoing cooperation between U.S., Israel and UAE after the Abraham Accords last year. This QUAD grouping had decided to establish an international forum for economic cooperation and discussed possibilities for joint infrastructure projects expanding economic and political cooperation in the Middle East and Asia.

India, the United States, Israel and the UAE have decided to form a forum for future economic cooperation and to explore possibilities of joint infrastructure projects in the fields of Transportation, Technology, Maritime security, Economics, Trade as well as for additional joint projects.

 

2. India ranks 71st on 2021 Global Food Security Index: India has achieved the 71st position in the Global Food Security (GFS) Index 2021 from among a list of 113 countries. The GFS Index is designed and constructed by London-based Economist Impact and is sponsored by Corteva Agriscience. The overall score of India is 57.2 points on the GFS Index 2021.

According to the report, India held 71st position with an overall score of 57.2 points on the GFS Index 2021 of 113 countries, fared better than Pakistan (75th position), Sri Lanka (77th Position), Nepal (79th position) and Bangladesh (84th position). But the country was way behind China (34th position). However, over the past 10 years, India’s incremental gains in overall food security score were lagging behind that of Pakistan, Nepal and Bangladesh.

Globally: Ireland, Australia, the UK, Finland, Switzerland, the Netherlands, Canada, Japan, France and the US shared the top rank. Their overall GFS score were in the range of 77.8 and 80 points on the index.

 

3. World Polio Day: 24th October: World Polio Day is celebrated annually on October 24, to raise awareness for polio vaccination and eradication of polio. The Day was established by Rotary International to commemorate the birth of Jonas Salk, who led the first team to develop a vaccine against poliomyelitis. 2021 theme for World Polio Day is “Delivering on a Promise.”

 

4. World Development Information Day: 24th October: The United Nations’ World Development Information Day is held on October 24 every year. The day aims to draw the attention of world public opinion to development problems and the need to strengthen international cooperation to solve them for overall growth and development. The World Development Information Day was established by the UN General Assembly in 1972, to coincide with the United Nations Day.

History of World Development Information Day: The General Assembly in 1972 established World Development Information Day to draw the attention of the world to development problems and the need to strengthen international cooperation to solve them. The Assembly decided that the date for the Day should coincide with United Nations Day, 24 October, which was also the date of the adoption, in 1970, of the International Development Strategy for the Second United Nations Development Decade.

 

5. International Day of Diplomats: 24th October: The International Day of Diplomats is celebrated on 24 October every year. The day aims to commemorate the contributions made by diplomats in shaping the world since ancient times and in making our planet a better place. It also aims to bridge the gap in perception and reality of diplomats’ lives among the general public. The first International Day of Diplomats was celebrated in Brasília on 24 October 2017. The day was proposed by Indian poet-diplomat Abhay K and saw participation from the diplomats of Bangladesh, France, Ghana, Israel, Italy, Mexico, South Africa and Turkey.

 

6. United Nations Day: 24th October: Every year 24 October is celebrated as United Nations Day since 1948. It was on this day in 1945 that the Charter of the United Nations came into force. With the ratification of the UN Charter by the majority of its signatories, including the five permanent members of the Security Council, the United Nations officially came into being. It was declared to be an international observance in 1971 by UNGA and that it should be observed as a public holiday by United Nations member states.

History of the United Nations: The year 2021 marks the 76th anniversary of the United Nations and its founding Charter. The Charter was signed on 26 June 1945 by the representatives of the 50 countries. Poland, which was not represented at the Conference, signed it later and became one of the original 51 Member States. The United Nations officially came into existence on 24 October 1945, when the Charter had been ratified by China, France, the Soviet Union, the United Kingdom, the United States and by a majority of other signatories. The name “United Nations” was coined by the United States President Franklin D. Roosevelt and first used in the Declaration by United Nations of 1 January 1942, during Second World War.

Note: United Nations Headquarters in New York, USA; Mr Antonio Guterres is the Secretary-General of the United Nations.

 

OTHER UPDATES:

 

SPORTS

 

1. SAI appoints Commodore PK Garg as new CEO of TOPS: The Sports Authority of India (SAI) appointed Commodore PK Garg as the Chief Executive Officer (CEO) of the Target Olympic Podium Scheme (TOPS) at the Mission Olympic Cell meeting. He joined the Indian Navy in 1984 and was in charge of many important and prestigious assignments over 34 years of service. Commodore Garg, who was the High-Performance Director with Sports Authority of India till June 2021, is also an Arjuna Awardee recipient (1990) in Sailing and has also won the Major Dhyan Chand Khel Ratna Awardee in 1993-94.

Note: Sports Authority of India Founded: 1984.

 

BANKING AND FINANCE

 

1. RBI impose Rs 1 cr penalty on Paytm Payments Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) over certain specified violations, as referred in Section 26 (2) of the Payment and Settlement Systems Act, 2007. RBI observed that the information submitted during Paytm Payments Bank’s application for the issue of the final Certificate of Authorisation (CoA) did not reflect the factual position. It has also penalised Western Union Financial Services by imposing a penalty of Rs 27.8 lakh for violating the prescribed limit of remittances per year.

Note: Chairman of Paytm Payments Bank Ltd: Vijay Shekhar Sharma; MD and CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta; Paytm Payments Bank Ltd Headquarters: Noida, Uttar Pradesh.

 

BUSINESS AND ECONOMY

 

1. Centre approves hike in DA/DR for central government employees and pensioners: The Union Cabinet has approved a further hike of 3 per cent in Dearness Allowance (DA) and Dearness Relief (DR) for the central government employees and pensioners. The increase of 3% is over the existing rate of 28 per cent of the basic pay/pension and will be effective from July 1, 2021. Now after this hike, the DA/DR will increase to 31%.

It must be remembered that earlier in July 2021, the government had announced an 11% hike in DA/DR from 17% to 28% of the basic pay/pension. It will cost the exchequer Rs 9,488.70 crore per annum. As a result, the DA and DR instalments are due for four periods including January 1, 2020, July 1, 2020, January 1, 2021, and July 1, 2021. However, the rate of DA/DR for the period between January 2020 to June 2021 shall remain at 17%.

 

2. Reliance Brands acquires 40% stake in designer Manish Malhotra’s MM Styles: Reliance Industries Ltd’s Reliance Brands Ltd (RBL) and famous designer Manish Malhotra have announced a strategic partnership to acquire a 40 per cent stake in Malhotra’s MM Styles Pvt Ltd. According to a Reliance Brands statement, this “strategic partnership” is the first “external investment” for MM Styles Pvt Ltd. Launched in 2005, the Manish Malhotra luxury retail is spanned across four flagship stores in Mumbai, New Delhi, and Hyderabad. Manish Malhotra, the main architect behind the 16-year-old couture house, will continue to be at the helm of affairs of MM Styles Pvt Ltd as managing and creative director.

 

AWARDS AND HONOURS

 

1. Alexei Navalny Wins European Union’s Sakharov Prize: The European Parliament has awarded the European Union’s top human rights prize, Sakharov Prize for Freedom of Thought for 2021, to the imprisoned Russian opposition leader Alexei Navalny. The 45-year-old activist has been awarded for his immense personal bravery to fight tirelessly against the corruption of Vladimir Putin’s regime.

About the award: Sakharov Prize for Freedom of Thought, commonly known as Sakharov Prize, is European Parliament’s top human rights prize. The prize honours individuals and groups of people who have dedicated their lives to the defence of human rights and freedom of thought.

 

OBITUARIES

 

1. Former hockey international Saranjeet Singh passes away: Former hockey international Saranjeet Singh has passed away. The former State Bank of India hockey player, who played for Coronation Club in the local league, represented Hyderabad juniors and seniors for many years in the late 70s and 80s and also played for India, which toured Germany in 1983.