Daily Current Affairs 2 February 2021 for Banking/Insurance/SSC and other related exams.
VP M Venkaiah Naidu inaugurates National Tribal Festival ‘Aadi Mahotsav’ in Delhi
PicVice President M Venkaiah Naidu will inaugurate Aadi Mahotsav, a National Tribal Festival at Dilli Haat in INA in the National Capital.
- The festival at Dilli Haat in INA will comprise display and sale of tribal art and craft, medicine, cuisine and folk performances. Around one thousand tribal artisans, artists and chefs from more than 20 States of the country will participate and provide a glimpse of their rich traditional culture.
Punjab CM launches ‘Har Ghar Pani, Har Ghar Safai’ mission
Punjab Chief Minister Captain Amarinder Singh virtually launched the ‘Har Ghar Pani, Har Ghar Safai’ mission as part of the government’s campaign to accomplish the goal of 100 per cent potable piped water supply in all rural households by March next year.
- The Chief Minister also inaugurated one Mega Surface Water Supply Scheme covering 85 villages in the Moga district, 144 new water supply schemes for 172 villages, 121 Arsenic, and Iron removal plants.
- The scheme will benefit more than 1.6 lakh residents from 155 villages in Amritsar, Tarn Taran, and Gurdaspur districts by helping replace groundwater with surface water supply for drinking, besides resolving the problem of arsenic affected habitations.
- The scheme is being funded by World Bank, Central Government’s Jal Jeewan Mission, National Bank for Agriculture and Rural Development (NABARD), and the State Budget.
2020 worst year for global tourism: UNWTO
In accordance with the latest United Nations World Tourism Organization (UN-WTO) “World Tourism Barometer”, the year 2020 was the “worst year on record” as global tourism suffered adversely due to international travel bans implemented to contain the COVID-19 outbreak. International arrivals dropped by 74% with an estimated US$1,3 trillion revenue loss.
- Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year (2019), due to an unprecedented fall in demand and widespread travel restrictions.
- The UN report said that due to the evolving nature of the pandemic, many countries are now reintroducing stricter travel restrictions.
- The latest UNWTO Panel of Experts survey shows a mixed outlook for 2021. Almost half of the respondents (45 per cent) envisaged better prospects for 2021 compared to last year, while 25 per cent expect similar performance and 30 per cent foresee a worsening of results in 2021.The overall prospects of a rebound in 2021 seem to have worsened.
BANKING & FINANCE
RBI cancels licence of Kolhapur-based Shivam Sahakari Bank
The RBI said the licence of Maharashtra-based Shivam Sahakari Bank has been cancelled as it does not have adequate capital and earning prospects.
- Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021.
- With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank as per the DICGC Act, 1961 will be set in motion.
BUSINESS & ECONOMY
India to emerge as most resilient economy after Germany in 2021: PHDCCI
India will emerge as the most resilient economy after Germany in 2021 exhibiting a strong economic resurgence to the global economic turmoil caused by the COVID-19 pandemic, according to a report released by industry body PHDCCI.
- Germany ranks first in the PHDCCI International Economic Resilience (IER) Rank followed by India and South Korea at second and third positions, respectively.
- It is based on analysis of five lead macroeconomic indicators reflecting a country’s economic performance including real GDP growth rate, merchandise export growth rate, current account balance (as percentage of GDP), general government net lending/borrowing (as percentage of GDP) and gross debt-to-GDP ratio.
BSE sets up innovation sandbox web portal
Leading stock exchange BSE said it has set up an “innovation sandbox” web portal where fintech firms and individuals may use the environment for offline testing of their applications in a test environment.
- This will help in creating an ecosystem which promotes innovation in the securities market.
- The portal is a workflow-based platform, where applicants will be able to access application programming interfaces (APIs), test data of stock exchanges, depositories and qualified registrar and share transfer agents, among others.
Tamil Nadu beat Baroda by 7 wickets to lift second Syed Mushtaq Ali T20 Trophy
In Cricket, Tamil Nadu lifted the coveted Syed Mushtaq Ali T20 Trophy after defeating Baroda by seven wickets in the final at the Sardar Patel Stadium in Ahmedabad.
- This was Tamil Nadu’s second Syed Mushtaq Ali Trophy (SMAT) triumph, after winning their first title way back in 2006-07.
- Baroda, who had won the title twice in the past (in 2011-12 and 2013-14), ended runners-up this time.
India tops medal tally at first Asian Online Shooting Championship
India’s 24-member shooting contingent topped the medals tally in the first Asian Online Shooting Championship. The squad won four out of the eight gold medals on offer, besides two silver and five bronze medals, for a total of 11 podium finishes.
- The two-day competition was organised by the Kuwait Shooting Federation and saw 274 shooters from 22 Asian countries take part.
- India’s gold winners were Saurabh Chaudhary in the men’s 10m air pistol, Divyansh Singh Panwar in the men’s 10m air rifle, Kynan Chenai in men’s trap and Rajeshwari Kumari in women’s trap.
- Arjun Babuta in men’s 10m air rifle and Shreyasi Singh in women’s trap won silvers while Manu Bhaker (women’s 10m air pistol), Sarabjot Singh (men’s 10m air pistol), Deepak Kumar (men’s 10m air rifle) Prithviraj Tondaiman (men’s trap) and Manish Keer (women’s trap) won bronze medals.
Rama Mohan Rao Amara appointed MD and CEO of SBI Card
SBI Cards and Payment Services Ltd (SBI Card) appointed Rama Mohan Rao Amara as its Managing Director and Chief Executive Officer for a period of two years.
- Earlier this week, Ashwini Kumar Tewari had resigned from the post of MD and CEO of SBI Card owing to his appointment as the Managing Director of State Bank of India (SBI).
- Prior to taking charge at SBI Card, he was the Chief General Manager, SBI Bhopal Circle.
Facebook appoints Henry Moniz as its first Chief Compliance Officer
Facebook Inc. has appointed Henry Moniz as its first-ever Chief Compliance Officer.
Mr Moniz will join Facebook to lead the company’s global compliance team, to enhance its global compliance and risk management and promote the highest standards of legal and ethical conduct at the company.
- Prior to this, Henry Moniz had been the chief compliance officer and chief audit executive at media company ViacomCBS Inc.
Vietnam ruling Communist Party chief Nguyen Phu Trong re-elected for 3rd term
Vietnam’s ruling Communist Party chief Nguyen Phu Trong, 76, has been re-elected for a rare third five-year term, cementing his position as one of the country’s longest-serving leaders for decades.He is serving the post since 2011.
- Comrade Nguyen Phu Trong was elected to be the General Secretary of the Central Committee of the Communist Party of Vietnam, term XIII.
BOOKS & AUTHORS
‘This Life at Play: A Memoir by Girish Karnad’ in English to be out in May 2021
Girish Karnad’s memoir, which was to be translated from Kannada into English by the actor-playwright himself but could only finish a part of it before his death in 2019, will now be out in May after final touches by award-winning translator Srinath Perur.
- “This Life at Play: A Memoir by Girish Karnad” will be released on the director’s 83rd birth anniversary on May 19 by Fourth Estate, an imprint of HarperCollins Publishers.
- Karnad, considered one of modern India’s greatest cultural figures, first published his memoir in Kannada in 2011.
‘Yes Man: The Untold Story of Rana Kapoor’ by Pavan C. Lall
The book titled ‘Yes Man: The Untold Story of Rana Kapoor’ by Pavan C. Lall has been released recently.
- Yes Man is the story of Rana Kapoor, and his Icarus-like flight that eventually led to the Yes Bank crisis.
- In this hard-hitting book, Pavan C. Lall details not only Rana Kapoor’s journey, but also asks tough questions about the banking system, its regulators and even the business environment that led to a point of no return for Yes Bank.
Seth Rogen’s first book, titled ‘Yearbook’, to hit stores in May
Actor-writer Seth Rogen is set to make his book debut with “Yearbook“, which will be released on May 11.
- Billed as a collection of “true stories and essays”, the book is published by Penguin Random House.
- It’s true stories and essays and stuff that I hope you think are funny.
Indian Coast Guard celebrates its 45th Raising Day
The Indian Coast Guard was celebrated its 45th Raising Day on 1st February.
- The Indian Coast Guard (ICG) through its tireless pursuits of excellence has established itself as a reliable force that responds with alacrity to situations impinging on the Security of the Coastline, Safety of the Seafaring Community and Coastal Populace.
- The ICG was formally established on February 1, 1977, by the Coast Guard Act, 1978 of the Parliament of India.It operates under the Ministry of Defence.
- Indian Coast Guard’s motto is “वयम रक्षामः” (Vayam Rakshamah), which means “We Protect”.
World Wetlands Day
World Wetlands Day is celebrated internationally each year on 2 February. It marks the anniversary of the signing of the Convention on Wetlands of International Importance (Ramsar Convention) in Ramsar, Iran, on 2 February 1971.
- The theme for World Wetlands Day 2021 is ‘Wetlands and Water’. It emphasizes the importance of wetlands as a “source of freshwater and encourages action to restore them and stop their loss”.
World Neglected Tropical Diseases Day
Every year January 30 is to be marked as World Neglected Tropical Diseases day. The day creates awareness in addressing the tropical diseases.
- Neglected tropical diseases (NTDs) are a diverse group of tropical infections which are common in low-income populations in developing regions of Africa, Asia, and the Americas.
- They are caused by a variety of pathogens such as viruses, bacteria, protozoa and parasitic worms (helminths).