Daily Current Affairs 16th February, 2021

Daily Current Affairs 16 February 2021 for Banking/Insurance/SSC and other related exams.


PM Modi inaugurates first full fledged international cruise terminal at Cochin Port in Kerala
Prime Minister inaugurated and laid the foundation stone of several developmental projects worth over 8000 crore rupees at Chennai in Tamil Nadu.

  • The Prime Minister also inaugurated the country’s first full-fledged international cruise terminal, Sagarika at Cochin Port and Marine Engineering Training Institute of Cochin Shipyard Ltd.
  • Thanjavur and Pudukkottai will be specially benefited after the foundation for the extension, renovation and modernization of six hundred and thirty six kilometre long Grand Anicut Canal System was laid. It will improve irrigation facilities for 2.27 lakh acres of land in the delta districts.

PM Modi laid the foundation stone of Maharaja Suheldev Memorial in Uttar Pradesh 
The Prime Minister laid the foundation stone of Maharaja Suheldev Memorial and development work of Chittaura Lake in Bahraich district of Uttar Pradesh through video conferencing.

  • Mr Modi also inaugurated a medical college in the name of Maharaja Suheldev.The event marked the  112th birth anniversary celebration of Maharaja Suheldev.
  • Prime Minister Narendra Modi said the contribution of great people like Maharaja suheldev cannot be forgotten and that it is a misfortune, those people who sacrificed their lives, were forgotten in history.

Skills development ministry launches Mahatma Gandhi National Fellowship in partnership with IIMs
The Ministry of Skill Development and Entrepreneurship (MSDE) launched Mahatma Gandhi National Fellowship (MGNF) 2021-23 in partnership with nine IIMs. 

  • The application process for the two-year government-funded programme will begin on February 15 and will conclude on March 27.
  • During the course, fellows will be given a stipend of Rs 50,000 per month for the first year and Rs 60,000 per month for the second year of the course.
  • The fellowship is rolled out under the World Bank loan assisted programme SANKALP (Skills Acquisition and Knowledge Awareness for Livelihood Promotion). Fellows after getting training from IIMs will further strengthen the district skill administration and the District Skill Committees (DSCs) under the fellowship.

Madhya Pradesh: Mandu festival starts at Mandu in Dhar
In Madhya Pradesh, the three-day Mandu Festival began at Mandu in the historic town of Dhar district.

  • Handicrafts related to handmade art are also being displayed in the Mandu Utsav to encourage vocal for locals. Dino Adventure Park & Fossils Museum also inaugurated by the state culture and tourism minister.
  • The State Minister informed that the Dinosaur Park is the country’s first modern fossil park which has 24 eggs and other fossils of dinosaurs on display. The park also provides information related to life of dinosaurs.

IETO, Karnataka govt sign MoU for SDGs
Memorandum of Understanding (MoU) was signed between the Indian Economic Trade Organization (IETO) and the Government of Karnataka for working closely to implement the Sustainable Development Goals in the state with much effective manner and expanding the scope of the sustainable future.

  • This was to understand the way forward and conceptualize the sector based plan which then resulted in multiple collaborations and on the spot exchange of expert ideas and thoughts.

Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month
In a bid to bring ‘ease of living’ to the family members of deceased government employees, the Department of Pension and Pensioners’ Welfare (DoPPW) has decided to raise the upper ceiling of family pensions from ₹45,000 to ₹1.25 lakh per month.

  • The amount of both the family pensions will now be restricted to ₹1,25,000 per month, which is over two and half times higher than the earlier limit.
  • In accordance with sub-rule (11) of rule 54 of the Central Civil Services (Pension) Rules 1972, in case both wife and husband are government servants and are governed by the provisions of that rule, on their death, the surviving child is eligible for two family pensions in respect of the deceased parents.

Age-old Kanchoth festival celebrated across J&K”s Chenab valley
The ancient Kanchoth festival, a symbol of ancient Nag culture, was observed with religious fervour and gaiety across Chenab valley region of Jammu and Kashmir.

  • The festival is celebrated by locals, mainly Nag followers who believe that on this day of Gouri Tritiya, Lord Shiva and Goddess Parvati got married and the latter insisted on a throne made of snow as her wedding gift.


U.S. extends New START nuclear treaty with Russia for 5 years
The United States has extended the New START nuclear disarmament treaty with Russia for five years. 

  • The New START treaty is the last remaining arms reduction pact between the former Cold War rivals.
  • Signed in 2010, New START caps to 1,550 the number of nuclear warheads that can be deployed by Moscow and Washington, which control the world’s largest nuclear arsenals.

Pahela Phagun’ spring festival celebrated in Bangladesh
The first day of the spring called ‘Pahela Phagun’ was celebrated in Dhaka despite the continued shadow of Corona pandemic in the country.

  • Cultural organisations held programmes at different venues in the city to herald the beginning of the spring.
  • The day also coincides with Valentine’s Day after the revision of the Bangla Calendar in 2019 by the Bangla Academy to align it with the Gregorian calendar. The two events were celebrated together by the youth of Bangladesh with the fragrance of love in the air.


RBI sets up panel to suggest steps for strengthening, consolidating urban co-operative banks
The Reserve Bank set up a committee to draw a vision document for strengthening urban co-operative banks (UCBs) and exploring the potential of consolidation in the sector.

  • The committee, to be headed by former RBI Deputy Governor N S Vishwanathan, will suggest “effective measures for faster rehabilitation and resolution of Urban Cooperative Banks (UCBs) and also assess their potential for consolidation in the sector.
  • The panel will draw up a vision document for a vibrant and resilient urban co-operative banking sector having regards to the Principles of Cooperation as well as depositors’ interest and systemic issues.

ESIC join hands with the National Health Authority
In a big leap taken by Employees’ State Insurance Corporation (ESIC) to ensure better accessibility of medical facilities for its beneficiaries, the corporation has joined hands with the National Health Authority (NHA) to leverage the medical infrastructure available under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) in the state of Maharashtra.

  • The tie-up with PM-JAY was initially implemented on a pilot basis in Maharashtra in the district of Ahmednagar and now has been extended to the entire state sans the south Mumbai region, Pune and Kolhapur districts.
  • With hassle-free procedures, this convergence is expected to provide doorstep access of medical facilities to the beneficiaries.


States’ Fiscal Deficit to Narrow to 4.3% of GDP in FY22: India Ratings Report
The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the gross domestic product (GDP) in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research.

  • The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative. 
  • The agency estimates the nominal GDP to grow 14.5 per cent in FY22, and believes a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure from FY22.

Over one crore MSMEs registered in country over period of 5 years
Micro, Small and Medium Enterprises Ministry has informed that more than one crore two lakh MSMEs were registered in the country within five years. 

  • As per Udyog Aadhaar Portal a total of one crore two lakh 32 thousand 468 MSMEs were registered between 2015 to June 2020 said by Micro, Small and Medium Enterprises Minister Nitin Gadkari.


Naman Ojha announces retirement from all forms of cricket
Former India wicketkeeper-batsman Naman Ojha announced his retirement from all forms of cricket, bringing down curtains on a two-decade long illustrious domestic career.

  • The 37-year-old from Madhya Pradesh, who holds the record for the most dismissals by a wicketkeeper in the Ranji Trophy, featured in one Test, one ODI and two T20 Internationals.


ISA announces Dr Ajay Mathur as its new Director-General
International Solar Alliance (ISA) has announced Dr. Ajay Mathur as its new Director General following his election at the first special assembly of ISA members.

  • Dr Mathur replaces Mr Upendra Tripathy, who has served as Director General since the inception of the ISA.
  • A coalition of 73 member countries, ISA was established in 2015 to accelerate the demand for and use of safe, sustainable, and affordable solar energy for all. It aims to mobilize over one trillion dollars of investment into solar projects by 2030 through focused advocacy, policy and regulatory support, capacity building, and by overcoming perceived investment barriers.


PM hands over indigenously designed and manufactured Arjun Main Battle Tank to the Army
The Prime Minister said India has undertaken  massive effort to become self-reliant in the defence sector. The Prime Minister also handed over the indigenously designed and manufactured Arjun Main Battle Tank (MK-1A) to the Army.

  • It has been indigenously designed and manufactured by the Combat Vehicles Research and Development Establishment of Defence Research and Development Organisation.
  • A tank made in Tamil Nadu will be used in our northern borders to keep the nation safe. This showcases India’s unity- Bharat’s Ekta Darshan”.

Indian astronomers detect huge optical flare from super massive black hole
Indian astronomers have reported one of the strongest flares from a feeding super massive black hole or blazar called BL Lacertae, analysis of which can help trace the mass of the black hole and the source of this emission, the Department of Science and Technology said.

  • Such analysis can provide a lead to probe mysteries and trace events at different stages of evolution of the Universe.
  • BL Lacertae blazar is 10 million light-years away and is among the 50 most prominent blazars that can be observed with the help of a relatively small telescope. It was among the 3 to 4 blazars that was predicted to be experiencing flares by the Whole Earth Blazar Telescope (WEBT), an international consortium of astronomers.


Peter Mukerjea pens memoir named ‘Starstruck: Confessions of a TV Executive’
Beleaguered media baron Peter Mukerjea has come out with his memoir titled ‘Starstruck: Confessions of a TV Executive’. 

  • The book is presented as a recollection of his experiences in the satellite television industry in India and the changes it has gone through over the years.

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