Daily Current Affairs 10 November 2021 for Banking/Insurance/SSC and other related exams.
Delhi govt launches ‘Shramik Mitra’ scheme to ensure benefits reach construction workers
The Government of Delhi launched the ‘Shramik Mitra‘ scheme for construction workers.
- Under the scheme, 800 ‘Shramik Mitras’ will reach out to construction workers, and spread awareness on the government schemes. Shramik Mitras will inform construction workers registered by the Construction Board at the ward level about assistance schemes of the government.
- Delhi Govt has also increased the Dearness allowance for Unskilled, Semi-skilled workers, to increase their salary by around 1%.
Mumbai-Karnataka region renamed as ‘Kittur Karnataka’
The Karnataka government at the cabinet meeting held 8 November, decided to rename the ‘Mumbai-Karnataka’ region as ‘Kittur Karnataka’, state Law Minister JC Madhuswamy confirmed.
- The region comprising Uttara Kannada, Belagavi, Dharwad, Vijayapura, Bagalkot, Gadag and Haveri districts was referred to as Mumbai-Karnataka region as they were under Maratha rule once and were included into the state of Karnataka at the time of formation of states on the basis of language.
- Previously, the B S Yediyurappa government in 2019 had renamed Hyderabad-Karnataka region that was previously ruled by Nizams of Hyderabad as “Kalyana-Karnataka”.
Shipping emissions must fall by a third by 2030 and reach zero before 2050
International shipping is a crucial part of the global economy — 90 per cent of the world’s trade is transported by sea. But almost all ships use fossil fuels and so the sector is also a major emitter of greenhouse gas pollution — with emissions roughly on a level with the entire nation of Germany.
- Progress on cutting emissions in shipping has been slow. In fact, emissions are no lower now than they were ten years ago. The sector’s record is under scrutiny at CoP26 — the latest UN climate summit in Glasgow.
- The International Maritime Organization (IMO) — the UN body charged with delivering international shipping’s strategy on tackling climate change — has a target to cut emissions by 50 per cent by 2050. The international shipping must make a radical change in course. It must cut emissions by a third this decade and get on a path to zero emissions before 2050.
- The study is based around the concept of carbon budgets. A carbon budget sets the limit on cumulative carbon dioxide (CO₂) emissions necessary for holding global warming within a given temperature target.
India’s transition to net zero economy can create over 50 million jobs: WEF
In its latest research report, the World Economic Forum has propagated that a Green New Deal for India could represent upwards of a $15 trillion economic opportunity by 2070 & that it has the potential to create more than 50 million net new jobs.
- In its report Mission 2070: A Green New Deal for a Net Zero India, the WEF in collaboration with Kearney and Observer Research Foundation has said that $1 trillion of the opportunity can materialise within this decade if ‘concerted action’ is put in place.
- In its white paper, the WEF argues that if the drivers and enablers of growth it outlines are kept in mind, India can leverage green growth to add $1 trillion to GDP by 2030 – and as much as $15 trillion by 2070.
BANKING & FINANCE
‘FPIs can invest in debt issued by InvITs, REITS‘
The Reserve Bank said FPIs had been permitted to invest in debt securities issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).
- Necessary amendments to Foreign Exchange Management (Debt Instruments) Regulations, 2019, had been notified in October.
- An announcement was made in the Union Budget 2021-22 that debt financing of InvITs and REITs by Foreign Portfolio Investors (FPIs) will be enabled by making suitable amendments in the relevant legislations.
RBI imposes curbs on Babaji Date Mahila Sahakari Bank; restricts withdrawals at Rs 5,000
The Reserve Bank of India (RBI) imposed several restrictions on Maharashtra-based Babaji Date Mahila Sahakari Bank, including capping withdrawals at Rs 5,000 for customers, amid deterioration in the lender’s financial position.
- The restrictions under the Banking Regulation Act 1949, will remain in force for six months from the close of business on November 8, 2021, and are subject to review, RBI said in a statement.
World Bank sanctions Rs 770 crore for Inland Water Transport department
Assam Chief Minister Himanta Biswa Sarma said the Inland Water Transport (IWT) department has signed a Memorandum of Understanding (MoU) with the World Bank for a Rs 770 crore loan to improve river transportation in the state.
- The central government would refund 80 per cent of the sanctioned amount and the state government would bear the remaining 20 per cent, the chief minister said while flagging off four steel catamaran vessels at Pandu Port here.
Junio ties up with RuPay for debit card for pre-teens, teenagers
Children-focussed fintech, Junio, has launched a smart multipurpose card for pre-teens and teenagers on the RuPay platform.
- The Junio RuPay Card is designed for kids and can function as a debit card for both their online and offline purchases.
- Kids and parents can sign up on the Junio app, and use virtual Junio smart cards with zero annual charges. In addition, children can enjoy up to seven per cent cashback and other reward benefits on Junio payments.
RBI launches 1st global hackathon ‘HARBINGER 2021’
The Reserve Bank of India (RBI) announced its first global hackathon ‘HARBINGER 2021 – Innovation for Transformation’ with the theme ‘smarter digital payments’.
- Registration for the hackathon starts from November 15, the central bank said.
- The Hackathon, it said, invites participants to identify and develop solutions that have the potential to make digital payments accessible to the under-served, enhance the ease of payments and user experience, while strengthening the security of digital payments and promoting customer protection.
BUSINESS & ECONOMY
IBM sets up client innovation centre in Mysuru
IBM Corp. launched a client innovation centre in Mysuru, Karnataka, with support from the Karnataka Digital Economy Mission (KDEM) which aims to attract companies to set up operations in cities beyond Bengaluru.
- The client innovation centre initiative aims at supporting the rapid, high-tech driven economic growth in tier-2 and -3 regions while providing comprehensive hybrid cloud and AI technology consulting capabilities.
- The centre specialises in design, software engineering and analytics.
Asif Ali and Laura Delany selected by ICC for October Player of the Month award
Big-hitting Pakistan batter Asif Ali was selected for the ICC Player of the Month award in men’s category.
- In the women’s category Ireland all-rounder Laura Delany beat teammate Gaby Lewis and Zimbabwe’s Mary-Anne Musonda to the women’s prize.
- Asif Ali played a key role in Pakistan’s victories over New Zealand and Afghanistan in the ongoing T20 World Cup.
Rohit Sharma becomes third cricketer to score 3,000 runs in men’s T20I
Rohit Sharma became the third batter in men’s T20 Internationals to score 3000 runs in the T20 World Cup clash against Namibia.
- Rohit scored 56 runs in the last match of India’s T20 WC campaign to laid the foundation for a massive 9-wicket win.
- The swashbuckling opener joined Virat Kohli and Martin Guptill in the elusive list.
Amitabh Bachchan named brand ambassador of Amway India
Amway India has announced the appointment of Bollywood actor Amitabh Bachchan as its brand ambassador.
- The veteran actor will endorse the brand Amway and the Nutrilite range of products across all platforms, encourage women and youth empowerment through guided entrepreneurship thereby reinforcing Amway’s vision of helping people live healthier and better lives.
International Human Rights Foundation appoints Daniel del Valle as the High Representative for Youth
The International Human Rights Foundation (IHRF) has appointed the Spaniard Daniel del Valle as the High Representative for Youth due to his achievements in the thematic area of youth empowerment and youth participation for the United Nations.
- Daniel del Valle brings to the International Human Rights Foundation his ongoing experience of serving as Policy Advisor to the Ambassador and Permanent Representative of the Slovak Republic to the United Nations in New York.
SCIENCE & TECHNOLOGY
Japan launches Epsilon rocket carrying nine satellites
Japan launched a small, low-cost Epsilon rocket carrying nine satellites, the country’s space agency said, in the latest attempt to promote involvement by educational institutions and companies in space development.
- The Epsilon-5 rocket lifted off from Uchinoura Space Center in Kagoshima Prefecture., the Japan Aerospace Exploration Agency said.
- One of the satellites aboard, developed by Kawasaki Heavy Industries Ltd., is a demonstration craft designed to collect space debris.
- Another satellite was jointly developed by 10 national technical institutes and will showcase a new technology that allows natural radio waves emitted by Jupiter to be surveyed.
BOOKS & AUTHORS
‘Nehru: The Debates that Define India’ bok by Tripurdaman Singh & Adeel Hussain
A book titled “Nehru: The Debates that Defined India” is co-authored by Tripurdaman Singh and Adeel Hussain.
- A new book serves as a revisionist exploration of India’s first and longest-serving prime minister Jawaharlal Nehru and investigates the overlooked role of his contemporaries and opponents in shaping his political vision.