Daily Current Affairs 18 October 2021 for Banking/Insurance/SSC and other related exams.
India signs Landmark MoU with Russia on Collaboration in Coking coal sector signed
India has opened up yet another door in cooperation with its strategic energy partner Russia. Union Minister of Steel, Ram Chandra Prasad Singh, signed a memorandum of understanding (MoU) with Russia’s minister of energy Nikolay Shulginov, for collaboration in the mining and steel sectors, with special focus on coking coal.
- The move is part of India’s National Steel Policy 2017 under which the country is aiming to reach 300 million tonne steel production by 2030 while simultaneously working on forward and backward integration.
- The MoU between the two countries signed in Moscow envisages implementation of joint projects and commercial activities in coking coal, including long-term supplies of high-quality coking coal to India, development of coking coal deposits and logistics development, sharing of experience in coking coal production management, technologies of mining, beneficiation and processing as well as training.
COVID-19 reverses decades of progress in TB elimination, India worst-hit: WHO
The world suffered huge reverses in progress towards tuberculosis (TB) elimination in 2020, thanks to the novel coronavirus disease (COVID-19) pandemic. And, India has been the worst-hit.
- These are major findings of the Global TB report released by the World Health Organization (WHO). The Philippines and Indonesia were also severely impacted.
- The biggest impact was felt in terms of detection of new cases. This means a large number of cases went undetected due to highly curtailed access to diagnostics and restrictions imposed to contain the pandemic. From 2016-2019, the number of new cases rose continuously, but fell dramatically to 20 per cent in 2020.
- India contributed the biggest drop in detection of new cases. Some 41 per cent of the total number of cases that dropped in 2020, as compared to 2019, came from India. Thus, a large chunk of TB cases went missing in the country.
- Besides, Indonesia (14 per cent), the Philippines (12 per cent) and China (8 per cent) and 12 other countries accounted for 93 per cent of the total global drop of 1.3 million cases.
BANKING & FINANCE
Sebi forms 4-member high powered advisory committee on settlement orders
Capital markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences.
- The committee will be chaired by Vijay C Daga, retired judge of High Court of Bombay. The other members of the panel are – former law secretary in Ministry of Law & Justice, PK Malhotra; ex-Chairman of Deloitte Haskins & Sells LLP PR Ramesh and DN Raval, Partner at Raval & Raval Associates.
- The panel will work as per the Settlement Proceedings Regulations, 2018 specified by the regulator.
BUSINESS & ECONOMY
SonaComstar collaborates with NASSCOM to enhance digital skills of their employees through Future Skills Prime
Sona BLW Precision Forgings Limited (Sona Comstar), an automotive technology company, is collaborating with Future Skills Prime – a MeitY (Ministry of Electronics and Information Technology)-NASSCOM Digital Skilling Initiative to upskill its employees or workforce in cutting edge digital technologies with industry-relevant and government recognised curriculum-based courses.
- Future Skills Prime is the first-of-its-kind public-private cooperation between the MeitY and NASSCOM to create a digital skilling ecosystem for India’s citizens.
- The objective is to reskill/upskill graduates and professionals in emerging technologies and professional skills to make India a global digital talent nation in the coming years.
BSE and BLL sign MoU to encourage SME listings
BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has signed a memorandum of understanding (MoU) with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about benefits of listing among ICT SMEs and Startups of the country.
- Through this MoU, ESC shall utilize its pan India network of Electronics and IT Exporters and evaluate the SMEs and Startups amongst these for listing on BSE SME and Startup exchange. ESC shall also assist in sensitizing its investor network for investing in SMEs listed on BSE SME exchange.
Chennai Super Kings win fourth IPL Title
Chennai Super Kings beat Kolkata Knight Riders by 27 runs to win the 2021 Indian Premier League title at Dubai International Stadium.
- This was the 14th edition of IPL which is an India-based Cricket league in 20-20 format. This was the 4th win of Chennai Super Kings (CSK) in IPL, having previously won the tournament in 2010, 2011, and 2018.
- Faf du Plessis hit a magnificent 86 off 59 balls, laced with seven fours and three sixes, to help CSK post 192.
- Player of the Tournament: Harshal Patel (RCB). Highest Run Scorer (Orange Cap): Ruturaj Gaikwad (CSK) (635 run. s)Highest Wicket Taker (Purple Cap): Harshal Patel (RCB) (32 wickets)
Jonas Gahr Støre becomes new PM of Norway
Jonas Gahr Store, the leader of Norway’s Labor Party, which won the elections in September, became the country’s new prime minister.
- In September 2021, Store’s Labour Party won the parliamentary elections, following which incumbent Prime Minister Erna Solberg and her government stepped down.
- Prime Minister Jonas Gahr Stoere, the leader of the centre-left Labor Party of Norway, stood outside the Royal Palace with his 19-member team-10 women and nine men. The team includes the leader of the Euroskeptic center party, Trygve Slagsvold Vedum, who becomes the Finance Minister.
RBI approves appointment of Pradeep Kumar Panja as Chairman of Karnataka Bank
Karnataka Bank Ltd has received approval from the Reserve Bank of India to appoint Pradeep Kumar Panja, an Independent Director of the bank, as part-time non-executive Chairman with effect from November 14, for a period of three years.
- He will succeed P Jayarama Bhat, who will complete his term on November 13.
Indian Army wins gold medal in the Exercise Cambrian Patrol 2021
The Indian Army won a gold medal at the Cambrian Patrol Exercise held in the UK while competing against 96 teams representing special forces and regiments from around the world.
- The 4/5 Gorkha Rifles (Frontier Force) represented the Indian Army at the drill held at Brecon, Wales, during October 13-15.
- The event is considered the ultimate test of human endurance and team spirit and is considered the “Olympics of military patrolling”.
National Security Guard celebrates their 37th Raising Day
Every year, the Raising Day of NSG is celebrated on Oct 16. This year marks the 37th anniversary of establishment of NSG, popularly known as Black Cats.
- NSG is a world-class trained force to tackle all facets of terrorism. This formidable force has left no stone unturned to live up to its motto ‘Sarvatra Sarvottam Suraksha’.
International Day for the Eradication of Poverty
Every year, October 17 is observed as the International Day for the Eradication of Poverty. This day is a means to recognize and acknowledge the efforts and struggles that people, who are pushed to live in poverty, face.
- This year’s theme is “Building forward together: Ending Persistent Poverty, Respecting all People and our Planet.”