daily current affairs- 1 and 2 october 2021

Daily Current Affairs- 1st And 2nd October 2021

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Headlines

1) Ministry of Housing and Urban Affairs launched the 7th consecutive edition of Swachh

Survekshan

2) ‘Nata-Sankirtana’ Dance & Music Festival at Imphal

3) GOI set up a task force to strengthen the road map to enhance the sustainable finance

architecture of India

4) National Action Plan for dog Mediated Rabies Elimination by 2030

5) GST Council Sets Up 2 GoMs to look into the rate structure and systems reforms

6) India’s 1st ‘Sports Arbitration Centre of India’ in Gujarat

7) Ministry of Tourism Launched ‘NIDHI 2.0’ & ‘India Tourism Statistics – At A Glance,

2021’

8) “Promotion of Medical Device Parks” Scheme to Promote Medical Device Parks

9) Govt Dissolves Ordnance Factory Board

10) Prime Minister launched 35 crop varieties which are climate resilient and higher

nutrient-content

11) Karnataka sign three MoUs with Infosys for welfare of students

12) India & USA sign two MoUs to improve medical facilities

13) Vistara Airlines-IndusInd Bank launched ‘Club Vistara IndusInd Bank Explorer’ credit

card

14) GOI set up the India Debt Resolution Company Ltd to work with the National Asset

Reconstruction Company Ltd

15) Federal Bank Tie up with NPCI

16) J&K Bank Received Rs 500 crore Capital from J&K Govt

17) Asian Development Bank loan of $251 million for urban flood protection in the

Chennai–Kosasthalaiyar river basin







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18) S&P Global Ratings Retained India’s Economic Growth Projection in FY22 to 9.5

percent

19) Agreement signed between the Indian Navy and Royal Navy of Oman for the

exchange of white shipping information

20) Yidan Prize 2021







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National News

Ministry of Housing and Urban Affairs launched the 7th consecutive

edition of Swachh Survekshan

• Union Minister Hardeep Singh Puri, Ministry

of Housing and Urban Affairs launched the

7th consecutive edition of Swachh

Survekshan 2022 themed on ‘People First’

• Swachh Bharat Mission-Urban will organize a

series of citizen centric activities under the

overarching theme of Jan Bhagidari.

• MoHUA also released a coffee table book

titled ‘A Change of Heart’ featuring

inspirational stories of individuals and communities related to urban India’s cleanliness drive.

• A short film, ‘Swachhata Se Samriddhi’ showcasing the milestones of the last seven years in the

Swachhata journey was also released.

• Two population categories under 15K and between 15-25K are introduced for smaller cities. District

rankings are also introduced for the first time.

• Introduced by MoHUA in 2016 to rank cities on cleanliness parameters in 73 cities

‘Nata-Sankirtana’ Dance & Music Festival at Imphal

• The Jawaharlal Nehru Manipur Dance Academy

Imphal, Manipur has organised the ‘Nata-Sankirtana’, a

3-day dance and music festival.

• The Nata-Sankirtana is one of the annual

features of the JNMDA, to promote Nata Sankirtana

among the young generation.

• Sankirtana, the unique cultural heritage of

Manipur was inscribed on the United Nations

Educational, Scientific and Cultural Organization Representative List of the Intangible Cultural Heritage of

Humanity.







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• The Nata-Sankirtana was introduced during the reign of Bhagyachandra, who ruled Manipur during 1759-

1761 and 1763-1798.

Manipur:

• Chief Minister– Nongthombam Biren Singh

• Capital– Imphal

GOI set up a task force to strengthen the road map to enhance the

sustainable finance architecture of India

• The government of India has set up a task force

under Ajay Seth, Secretary of the Department of

Economic Affairs, Ministry of Finance, to strengthen

the road map to enhance the sustainable finance

architecture of India.

• As a part of this initiative, a survey will be conducted

to assist the United Nations Development Programme

(India) to assess the climate and environmental, social

and governance resilience in India’s financial sector.

National Action Plan for dog Mediated Rabies Elimination by 2030

• Central Government has launched a National

Action Plan for dog Mediated Rabies

Elimination by 2030 for the elimination of dog

mediated rabies by 2030.

• The action for the same has been drafted by

the National Centre for Disease Control

• The Union Ministers also launched the Joint

Inter-Ministerial Declaration Support

Statement for the elimination of dog mediated

rabies from India by 2030 through the One Health Approach.

• 33% of global rabies deaths are recorded in India.







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GST Council Sets Up 2 GoMs to look into the rate structure and

systems reforms

• Goods and Services Tax Council led by Finance

Minister Nirmala Sitharaman has set up 2 group of

ministers to look into the rate structure and another to

look at systems reforms required to plug revenue

leakages.

• 1st GoMs was constituted under the head of

Karnataka Chief Minister Basavaraj Bommai. The GoM

will review the current tax slab rates and recommend

changes in the same.

• The 2nd GoM was constituted under the head of Maharashtra Deputy CM Ajit Pawar.The GoM will

review on GST System Reforms, which will look at tapping IT tools to minimise tax evasion and make

compliance easier for taxpayers.

India’s 1st ‘Sports Arbitration Centre of India’ in Gujarat

• Union Law Minister Kiren Rijiju inaugurated India’s 1st ‘Sports Arbitration Centre of India’ in Gujarat. The SACI will serve as an independent body to redress the disputes in the sports sector and expand the country’s sports sector.

• The Ministry of Law and Justice will provide all the legal backing to the SACI.

• The SACI will be promoted by Ahmedabad-based SE TransStadia Pvt Ltd.

Ministry of Tourism Launched ‘NIDHI 2.0’ & ‘India Tourism Statistics – At A Glance, 2021’

• The Ministry of Tourism launched NIDHI 2.0 (National

Integrated Database of Hospitality Industry) and ‘India Tourism Statistics – At a Glance, 2021’

• During the event, MoT, the United Nations Environment Programme and The Responsible Tourism Society of India have signed a Memorandum of







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Understanding to promote sustainability initiatives in the tourism sector.

• NIDHI is a platform for Hospitality organisations to ideate, share best practices and connect with the Government for ease of doing business.

• As of 2021, 44024 units are registered on NIDHI

“Promotion of Medical Device Parks” Scheme to Promote Medical Device Parks

• The Government of India notified the “Promotion of Medical Device Parks” scheme, a scheme to support the medical devices industry and to promote medical device parks across India.

• The financial outlay of the scheme is Rs 400 crore and its tenure is from the financial year 2020-2021 to 2024-2025.

• To ensure access to testing and infrastructure facilities and to reduce the cost of medical device production and make them

affordable for domestic consumption.

• The centre has granted the in-principle approval for Himachal Pradesh, Tamil Nadu, Madhya Pradesh and Uttar Pradesh.

• Financial assistance for a park would be 70% of the project cost and for Northeastern and Hilly states it will be 90%.

• The maximum financial assistance for a park under the scheme is Rs 100 crore.

Govt Dissolves Ordnance Factory Board

• Defence Ministry of India had dissolved the Ordnance Factory Board

• Ordnance Factory Board is an entity under the Department of Defence Production which supplies critical arms and ammunition to the three-armed forces and the paramilitary.

• As per the announcement issued by the Government of India on May 16,2020, the







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management, control, operations and maintenance of 41 production units and identified non-production units under OFB will be transferred to the wholly government owned seven defence PSUs (Public Sector Units) with effect from October 1,2021.

• The employees of OFB who are working in production and non-production units will be moved to the new DPSUs on terms of foreign service without any deputation allowance initially for a period of two years.

• Seven new companies will be operated by Indian Government for defence production with ₹91,200 crore as authorised capital to improve accountability and efficiency of defence production units

• Director General Ordnance Factories & Chairman – C S Vishwakarma, IOFS

Prime Minister launched 35 crop varieties which are climate resilient and higher nutrient-content

• Prime Minister of India Narendra Modi launched 35

crop varieties which are climate resilient and higher nutrient-content.

• These have been developed by the Indian Council of Agricultural Research to address climate change and malnutrition.

• PM also dedicated to the nation the newly constructed campus of the National Institute of Biotic Stress Management in Raipur

Mou And Partnership

Karnataka sign three MoUs with Infosys for welfare of students

• Karnataka’s Department of Higher Education and the Information Technology major will collaborate and sign three memorandums of understanding for prioritising skill development among students as per National Education Policy

Infosys:

• CEO: Salil Parekh • Headquarters: Bengaluru







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India & USA sign two MoUs to improve medical facilities

• India, US signs two MoUs during the two-day 4th Indo-US Health Dialogue 2021 hosted by India.

• India’s Health & Family Welfare Ministry and USA’s Department of Health and Human Services signed a MoU for cooperation in the field of Health and Biomedical sciences.

• Another MoU was signed between Indian Council of Medical Research & National Institute of Allergy and Infectious Diseases for cooperation with the International Centre for Excellence in Research

ICMR:

• Director General: Balram Bhargava • Headquarters: New Delhi NIAID:

• Director: Anthony S. Fauci • Headquarters: Maryland, United States

Banking And Financial News

Vistara Airlines-IndusInd Bank launched ‘Club Vistara IndusInd Bank Explorer’ credit card

• TATA SIA Airlines Limited, known by the brand name

Vistara, joined hands with IndusInd Bank to launch co-branded ‘Club Vistara IndusInd Bank Explorer’ credit card to enhance the travel experience of customers.

• Joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA).

• Chief Executive Officer- Leslie Thng • Headquarter– Gurugram







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GOI set up the India Debt Resolution Company Ltd to work with the National Asset Reconstruction Company Ltd

• The government has set up the India Debt

Resolution Company Ltd an asset management company that will work with the National Asset Reconstruction Company Ltd to clean up bad loans to carry out all kinds of debt management, operational management, resolution advisory, support, and consultancy services in relation to debt resolution, and insolvency resolution.

Federal Bank Tie up with NPCI

• Federal Bank launched the Federal Bank RuPay Signet Contactless Credit Card in partnership with the National Payments Corporation of India

• Headquarters – Aluva, Kerala • MD & CEO – Shyam Srinivasan

J&K Bank Received Rs 500 crore Capital from J&K Govt

• Jammu and Kashmir Bank received Rs 500 Cr as capital from the Government of Union Territory of J&K through which the UT will acquire over 16.76 crore shares in the Bank.

• With the infusion of Rs 500 Cr, the J&K government’s equity share in the J&K Bank will increase to over 74 percent.

• Reserve Bank of India recently allowed the J&K government to acquire over 16.76 crore shares in the Bank

• The bank has recently issued the Employees Stock Purchase Scheme to raise capital of Rs 150 Cr by issuing 7.5 crore equity shares to eligible employees of the bank.







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Jammu and Kashmir (J&K) Bank:

• Chairman & Managing Director – Rajesh Kumar Chhibber • Headquarters – Srinagar, Jammu & Kashmir

Funds Sanctioned

Asian Development Bank loan of $251 million for urban flood

protection in the Chennai–Kosasthalaiyar river basin

• The Asian Development Bank has approved

a loan of $251 million for urban flood

protection and management in the

Chennai–Kosasthalaiyar river basin in India.

• It includes construction of 588 kilometres

(km) of new stormwater drains and to

replace 175 km of stormwater drains.

• It also includes construction of 23,000 catch

pits in roadside drains to recharge the

groundwater aquifer and rehabilitate four disaster relief camps.

Asian Development Bank:

• President – Masatsugu Asakawa

• Headquarters – Manila, Philippines.







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GDP Forecasts

S&P Global Ratings Retained India’s Economic Growth Projection in

FY22 to 9.5 percent

• S&P Global Ratings Retained India’s Economic

Growth Projection in FY22 to 9.5 percent from its earlier

forecast of 11 percent.

• S&P had reduced the growth forecast of China

for 2021 by 30 basis points to 8 percent.

About S&P Global Ratings:

• President and CEO – Douglas L. Peterson

• Headquarters – New York, United States.

Defence News

Agreement signed between the Indian Navy and Royal Navy of

Oman for the exchange of white shipping information

• An agreement was signed between the

Indian Navy and Royal Navy of Oman for the

exchange of white shipping information and

to boost maritime safety and security

cooperation.

• The biennial Naseem Al Bahr is a maritime

exercise between India and Oman which

has been conducted since 1993. It was last

conducted in 2020 off Goa and the next

edition is scheduled in 2022.







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Awards And Recognition

Yidan Prize 2021

• 2021 Yidan Prize, the world’s highest education

accolade, recognising their work on improving the quality

of education and outcomes for learners at scale, founded

in 2016 by Dr Charles Chen Yidan in the belief that

education promotes well-being.

• Dr Rukmini Banerji has been honoured with the

2021 Yidan Prize for Education Development for her work

in improving children’s learning outcomes.

• Professor Eric A. Hanushek has been honoured with the 2021 Yidan Prize for Education Research for his

works focused on education outcomes and the importance of teaching quality and has transformed both

research and policy internationally.

• Each prize carries a cash prize of 30 million HKD(Hong Kong Dollar)(around Rs 28 crore).







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daily current affairs- 1 and 2 october 2021

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