Daily Current Affairs 11 June 2021 for Banking/Insurance/SSC and other related exams.
Punjab becomes first State to use NFC-based eIDs
Punjab government became the first state in India start using Electronic Identity Card (EID) equipped with Near Field Communication (NFC) technology for government officials and employees through Punjab Mandi Board.
- These NFC-based EIDs will be used as the primary authentication device and will operate at 13.66 MHz and transfer data up to 424 kbit/s.
- An employee will be authenticated by his/her Human Resource Management System (HRMS) data where the details of each officer and employee are stored in the form of a service book.
Centre extends free foodgrain scheme till Nov for 80 crore people
The Centre has decided to extend the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) till November, a move that will help 80 crore people continue to get a predetermined amount of free foodgrains every month, Prime Minister Narendra Modi said.
- Under PMGKAY, launched during the first Covid-19 wave last year, beneficiaries covered under the National Food Security Act, 2013 are provided 5 kg additional foodgrains free of cost per month over and above their regular entitlements.
CBSE, Microsoft collaborate to introduce Coding and Data Science curriculum for Classes 6-12
In an effort to introduce a new skill-based curriculum in the academic session of 2021-22, The Central Board of Secondary Education (CBSE) introduced Coding for Classes 6 to 8 and the Data Science curriculum for Classes 8 to 12 in collaboration with Microsoft.
- The coding and data science curriculums are focused on building critical thinking, computational skills, problem-solving skills, creativity, and hands-on exposure to new technologies.
UN Sustainable Transport Conference to be held in China
The second United Nations Global Sustainable Transport Conference will be held from 14-16 October 2021 in Beijing, China.
- It will provide an opportunity to focus attention on the opportunities, challenges and solutions towards achieving sustainable transport worldwide.
Child labour rises to 160 million – first increase in two decades
The number of children in child labour has risen to 160 million worldwide – an increase of 8.4 million children in the last four years – with millions more at risk due to the impacts of COVID-19, according to a new report by the International Labour Organization (ILO) and UNICEF.
- Child Labour: Global estimates 2020, trends and the road forward – released ahead of World Day Against Child Labour on 12 th June – warns that progress to end child labour has stalled for the first time in 20 years, reversing the previous downward trend that saw child labour fall by 94 million between 2000 and 2016.
- The report points to a significant rise in the number of children aged 5 to 11 years in child labour, who now account for just over half of the total global figure.
- The number of children aged 5 to 17 years in hazardous work – defined as work that is likely to harm their health, safety or morals – has risen by 6.5 million to 79 million since 2016.
BANKING & FINANCE
Indian Bank partners with Fisdom to offer wealth management solutions
Indian Bank, the seventh largest public sector bank, has partnered wealth-tech company Fisdom to offer a comprehensive suite of wealth management products and services to the bank’s 10 crore customers.
- The partnership will focus on enabling large-scale facilitation and distribution of wealth products and services through Indian Bank’s network of about 6,000 branches and its digital properties including the mobile banking application and internet banking portal.
PayNearby & IndiaFirst Life launch affordable insurance solutions for retailers
PayNearby has launched a insurance solution ‘Poorna Suraksha’ for its retail community. This exclusive and holistic insurance solution will ensure the safety and security of PayNearby’s 15+ lakh retail partners across 17,500+ PIN codes.
- This cost-effective, three-in-one solution was created in collaboration with IndiaFirst Life Insurance Company Limited (IndiaFirst Life) to protect PayNearby’s retailers throughout the COVID-19 pandemic and beyond, ensuring they have access to a safety net whenever and wherever they need it.
- This cost-effective coverage, which ensures “full protection,” is available to retailers at a premium of ₹3 er day, and an enrollment fee of ₹111. Available exclusively for PayNearby retailers, Poorna Suraksha offers a life cover of ₹2 lakhs, disability cover of ₹1 lakh and hospital cash of ₹15,000.
Central Bank of India inks co-lending pacts with Indiabulls Housing, IIFL Home Finance
State-owned Central Bank of India announced co-lending partnerships with NBFC players Indiabulls Housing Finance and IIFL Home Finance.
- Under this arrangement, non-banking finance companies (NBFCs) will originate and process retail home loans while Central Bank of India will take into its book 80 per cent of the housing loan under direct assignment transactions, the lender said in separate regulatory filings
KIADB inks MoU with HDFC Bank to Offer Banking Solutions to Investors
Karnataka Industrial Area Development Board (KIADB) has signed a Memorandum of Understanding (MoU) with HDFC Bank to provide a wide range of financial products and services to its customers.
- As part of the MoU, HDFC Bank will provide a wide range of financial products and services to its customers through an extensive network of branches across the country.
BUSINESS & ECONOMY
CII- IGBC inks MoU with Indian Institute of Architects to strengthen green building movement
The CII-Indian Green Building Council (IGBC) and Indian Institute of Architects (IIA) signed an MoU to give a fillip to the Green Building Movement & Sustainable Development in the field of Architectural Design and planning.
- this engagement will go a long way in setting new global benchmarks in environmentally sensitive building design, resource conservation, energy and environmental management and in the process facilitate India consolidate its leadership position in the global green buildings map. IGBC will work closely with IIA team in facilitating projects to build Greener, Smarter and provide healthier workspaces.
Sunil Chhetri Surpasses Argentina’s Lionel Messi
Sunil Chhetri surpasses Argentina’s Lionel Messi and he has become the second-highest active international goal-scorer with 74 strikes.
- He made this record in a joint preliminary qualifying round match for the 2022 FIFA World Cup and 2023 AFC Asian Cup.
- He is currently behind Portugal’s Cristiano Ronaldo (103) in the active international goal-scorer list.
RBI Deputy Governor MK Jain gets 2-year extension
The Reserve Bank said the government has extended the tenure of Deputy Governor Mahesh Kumar Jain for two years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021.
- Jain was appointed as deputy governor for three years in June 2018. Before joining the Reserve Bank of India, he was managing director of IDBI Bank.
Mali Political Veteran Choguel Maiga Named Transitional Prime Minister
Malian political veteran Choguel Maiga was named transitional prime minister of the Sahel state on Monday, according to a statement read out on the country’s national broadcaster.
- The announcement comes hours after Colonel Assimi Goita, who led a coup on May 24, was sworn in as transitional president.
- Maiga, is a former minister and member of the M5 protest movement, which helped to force out former president Ibrahim Boubacar Keita last August.The M5 became sidelined in the army-dominated post-coup administration.
Centre Extends LIC Chairman M R Kumar’s Term Till March 2022
The appointments committee of the cabinet approved the extension of M R Kumar as the chairman of state-owned insurance behemoth Life Insurance Corporation of India (LIC).
- Kumar’s term as LIC chairman was supposed to end on June 30, 2021, but Centre extended his term by almost nine more months till March 13, 2022.
RBI Approves Re-Appointment Of GC Chaturvedi As Part-Time Chairman Of ICICI Bank
The Reserve Bank of India has approved the re-appointment of Girish Chandra Chaturvedi as the part-time Chairman of ICICI Bank for a period of three years starting July 1, 2021.
- Mr. Chaturvedi was first sworn in as part-time chairman of ICICI Bank in 2018 for a 3-years tenure.
RBI Gives Nod To Re-Appoint CS Ghosh As MD & CEO Of Bandhan Bank
The Reserve Bank of India has granted approval for the re-appointment of Chandra Shekhar Ghosh as MD and CEO of Bandhan Bank, for a period of three years.
- The re-appointment as above is subject to the approval of shareholders at the ensuing annual general meeting of the bank.
Ex-Mongolian prime minister Khurelsukh wins presidential election in landslide
Former Mongolian Prime Minister Ukhnaa Khurelsukh became the country’s sixth democratically elected president, further consolidating the power of the ruling Mongolian People’s Party (MPP) with a landslide victory.
- Khurelsukh, who was forced to resign as prime minister after protests earlier this year, comfortably defeated Sodnomzundui Erdene of the opposition Democratic Party and Dangaasuren Enkhbat of the Right Person Electorate Coalition in a national vote, the General Election Committee said.
- With 99.7% of votes counted overnight, Khurelsukh’s tally had reached 821,136, or 68% of the total, the largest share of the vote since the democratic era began in 1990. Enkhbat came second with 242,805 votes, or 20.1%, while Erdene trailed in third place, with 72,569 votes, 6% of the total.
DBS tops Forbes Worlds Best Banks list in India for second year in a row
DBS has been named by Forbes in their list of World’s Best Banks 2021. DBS was ranked #1 out of 30 domestic and international banks in India for the second consecutive year.
- This is the third edition of the ‘World’s Best Banks’ list by Forbes, conducted in partnership with market research firm Statista. Over 43,000 banking customers across the globe were surveyed on their current and former banking relationships.
- This year’s list includes a record number of award winners, reflecting consumers’ increasing confidence in their banks,” revealed Forbes in its official announcement.
Zimbabwean Novelist Tsitsi Dangarembga Wins PEN Pinter Prize 2021
Zimbabwean novelist, playwright, filmmaker and activist Tsitsi Dangarembga has been awarded the PEN Pinter Prize 2021 for her “cultural significance” charting “the development of Zimbabwe from a British colony to an autocratic and troubled-free state”.
- Novelist, playwright, filmmaker and activist Dangarembga’s was also shortlisted for the prestig iousBooker Prize in 2020 for her book ‘This Mournable Body’. She was chosen for the PEN Pinter prize 2021 by this year’s judges: Claire Armitstead, Ellah P. Wakatama, and Andrew McMillan.
Delhi, Hyderabad airports receive ACI Asia–Pacific Green Airports recognition
GMR Airports-run Delhi and Hyderabad airports have been felicitated by the Airports Council International (ACI) Asia-Pacific Green Airports Recognition 2021 for their environment sustainable initiatives.
- The Delhi International Airport Limited (DIAL), a GMR Group led consortium, has been awarded the Platinum Recognition in the over 25 Million Passengers Per Annum (MPPA) category, while the GMR Hyderabad International Airport Limited (GHIAL) received the Gold Recognition by the ACI in the below 25 Million Passengers Per Annum (MPPA) category.
- This is the fifth consecutive year where DIAL has been appreciated and awarded for its sustainable initiatives. GHIAL has received Gold Recognition for the fourth times in a row for its sustainable airport operations for effective Air Quality Management.
SCIENCE & TECHNOLOGY
PGCIL commissions India”s first VSC-based HVDC power transmission system
State-run Power Grid Corporation of India Ltd has fully commissioned India’s first Voltage Source Convertor (VSC) based HVDC (high voltage direct current) electricity transmission system, the power ministry said.
- The PGCIL commissioned Monopole-I of the ± 320 kV, 2000 MW, Pugalur (Tamil Nadu) – Thrissur (Kerala) Voltage Source Convertor (VSC) based High Voltage Direct Current (HVDC) System. The Pugalur-Thrissur HVDC system, costing Rs 5070 crore, is a part of the Raigarh-Pugalur-Thrissur 6000 MW HVDC system and enables transfer of 2000 MW to Kerala through the VSC HVDC station at Thrissur.
- The state-of-the-art VSC Technology has been brought to India for the first time by PGCIL through this Project.The project strengthens the power system of the southern region of the country.
e-Nirman portal launched for unorganized sector
In line with the Centre’s flagship Digital India programme, the Gujarat government has announced the launch of ‘e-Nirman’ web portal and a mobile application to facilitate online registration of workers from the unorganized sector to enroll them for various government welfare schemes.
- The new portal intends to create a database of all the workers from unorganised sectors in the state and roll out special smart cards to them for easy access to state funded welfare schemes.
Former India boxer Dingko Singh passes away aged 42
Asian Games gold medallist Dingko Singh, who inspired a generation of Indian boxers with his feat in Bangkok in 1998, passed away at Imphal after a prolonged battle with cancer.
- Dingko won the Asian Games gold in 1998 and was bestowed the Arjuna award the same year. In 2013, he was honoured with the Padma Shri for his contribution to the sport.
- Dingko, who was employed with Navy, had taken to coaching after hanging up his gloves.
Buddhadeb Dasgupta dies at 77 in Kolkata
National award winning filmmaker and celebrated poet Buddhadeb Dasgupta died at his Kolkata residence after a prolonged illness. He was 77.
- He was best-known for Bagh Bahadur, Lal Darja, Kaalpurush, and the Mithun Chakraborty-starrer Tahader Katha.
- Five of Buddhadeb Dasgupta’s films have won the National Film Awards for Best Feature Film, while he’s won Best Director for two. He was honoured with the lifetime achievement award at the Spain International Film Festival in Madrid in 2008.
BOOKS & AUTHORS
Tiananmen Square: The Making of a Protest – A Diplomat Looks Back by Vijay Gokhale
The book titled “Tiananmen Square: The Making of a Protest – A Diplomat Looks Back” by Former Indian Foreign Secretary Vijay Gokhale has been released recently.
- The book presents a 360-degree view of the decade (1979-1989) when China set out on the path to becoming a world-class economy and a major power, while managing an inner-party struggle for the control of China’s political soul.