Daily Current Affairs 25th February, 2021

Daily Current Affairs 25 February 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

BioAsia 2021 held online with theme ‘Move the Needle
Call it the Covid-19 effect if you will, but the pandemic has put the spotlight firmly on vaccine capital Hyderabad and the biggest beneficiary of this attention seems to have been annual lifesciences and healthcare conclave BioAsia, the 18th edition held online.

  • BioAsia, 2021, being held on the theme ‘Move the Needle’. Participation from around 30,000 life sciences professionals, one and a half times the number of participants (20,000) it saw in all these 17 years.

Leh all set for Rs 100 crore holistic development
One of the famous tourist destinations in the country, Leh is all set for a near 100 crore rupees holistic development. A team of consultants from Tourism Ministry visited Leh for spot inspection.

  • In Ladakh, Leh town is shortlisted under the National Mission on Pilgrimage Rejuvenation and Spirituality Augmentation Drive (PRASAD) scheme.

Hoshangabad in MP to be renamed as Narmadapuram: Shivraj Singh Chouhan
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has announced that Hoshangabad city in the state would be renamed as Narmadapuram and a proposal to that effect would be sent to the Centre.

  • He made the announcement during the Narmada Jayanti programme held in Hoshangabad.
  • The state government will not allow “cement-concrete structures” to be built along the Narmada river, he said, adding that sewage treatment plants are also being constructed in the cities located on its banks.

Manipur CM N Biren Singh launches PM FME Scheme
In Manipur, the State Chief Minister N. Biren Singh launched the Prime Minister Formalization of Micro Food Processing Enterprises (PM FME) Scheme. The launching of the Scheme was done during the inaugural function of Conference Cum Buyer Meet at Hotel Imphal.

  • The PM FME Scheme aims to provide financial, technical and business support to micro food processing units, Farmer Producer Organizations (FPOs) and Self Help Groups (SHGs).The Scheme will also promote One District One Product to reap the benefit of scales in terms of procurement of inputs, availing common services and marketing of products.

Odisha hosts 17th India International Mega Trade Fair
The 17th India International Mega Trade Fair and Home Décor exhibition, organised by the Odisha Chapter of Real Estate Developers Association of India (CREDAI), was inaugurated at Janata Maidan.

  • As many as nine countries and 19 states of India are participating in this 11-day-long exhibition. The countries participating included Bangladesh, Dubai, Iran, Thailand, Afghanistan, Malaysia, Lebanon and Tunisia.
  • This year the partner country for the fair is Bangladesh and focus countries are Afghanistan and Iran. Bihar is the partner state. A total 250 stalls have been erected where more than 50,000 unique products will be showcased.

Centre to develop Goa into country’s first fisheries hub, invest Rs 400 crore
Union fisheries minister Giriraj Singh announced that Goa will be developed into the first fisheries hub of the country, and that the Centre is investing Rs 400 crore in the project.

  • Singh also said that of this investment, Rs 41 crore has already been approved for Goa under the Pradhan Mantri Matsya Sampada Yojana.
  • Besides, there are also plans to set up a seaweed and ornamental fish complex in the state, as seaweed is a 15 million dollar business across the world. The industry is currently dominated by Indonesia and China, and the Union minister said that Goa is capable of competing for a share of this market.

TN CM Edappadi K Palaniswami launches cattle park in Salem
Chief minister Edappadi K Palaniswami announced that a frozen semen station to develop high milk yielding indigenous and cross bred cows will be set up in Karumandurai at the cost of Rs 100 crore.

  • He made this announcement after inaugurating the Asia’s biggest cattle park – Advanced Institute for Integrated Research on Livestock and Animal Sciences (AIIRLAS) – spread over 1,600 acres and constructed at the cost of Rs 1,023 crore on Koot Road near Thalaivasal in Salem district.
  • He also inaugurated a veterinary medical college and Thalaivasal revenue taluk office.


INTERNATIONAL NEWS

India Hosts First Meeting of BRICS Finance and Central Bank Deputies Under Its Chairship
India hosted a meeting of BRICS finance and central bank deputies and shared priorities under financial cooperation agenda with the grouping of developing countries.

  • This was the first meeting on the BRICS Financial Cooperation under India Chairship in 2021.
  • It was co-chaired by Economic Affairs Secretary Tarun Bajaj and RBI Deputy Governor Michael Patra. Other participants included BRICS finance and central bank deputies of Brazil, Russia, China and South Africa.


BANKING & FINANCE

NBFCs in India need to plan for effective IBOR transition: EY India
Non-Banking Finance Companies (NBFCs) in India need to plan for an effective Inter Bank Offered Rate (IBOR) transition, as majority of LIBOR rates are likely to be phased out by the end of 2021.

  • London Inter Bank Offered Rate (LIBOR) is one of the most common series of benchmark rates referenced by contracts measured in trillions of dollars across global currencies.
  • About $350 trillion worth of contracts across the globe are pegged to LIBOR, which is the key interest rate benchmark for several major currencies.


APPOINTMENTS

Vijay Sampla takes charge as Chairman of National Commission for Scheduled Castes
A former Union Minister of State for Social Justice and Empowerment and ex-BJP MP, Vijay Sampla, took charge as chairman of the National Commission for Scheduled Castes (NCSC), a post that was vacant since May 2020.

  • The post had been vacant since BJP MP Ram Shankar Katheria’s term ended in May 2020. The delay in filling the vacancy of the chairman’s post as well as vice-chairman and members had been taken up by an NGO that moved the Supreme Court.
  • Mr. Sampla said the President had appointed him to the post, Arun Haldar as vice-chairman and Anju Bala and Subhash Ramnath Pardhi as members.

ADB appoints Woochong Um as Managing Director General
The Asian Development Bank (ADB) has appointed Woochong Um as its Managing Director General.

  • He will assume office immediately and report to ADB President Masatsugu Asakawa.
  • Um will support Asakawa to institute bank-wide coherence on key initiatives and issues. He will play a key role in enhancing ADB’s internal and external communications across all activities that involve operations, knowledge, fund-raising and institutional reforms.

Unacademy ropes in Sachin Tendulkar as Investor, Brand Ambassador
Bengaluru-based edtech platform Unacademy has entered into a strategic partnership with former Indian cricketer and Bharat Ratna recipient Sachin Tendulkar.

  • According to the terms of the partnership, Tendulkar will serve as the brand ambassador for Unacademy and will also conduct a series of live interactive classes on the platform.
  • The former cricketer has also invested in the company.


AWARDS

UP receives award for fastest implementation of PM Kisan Samman Nidhi Yojana
Uttar Pradesh received award for fastest implementation of Pradhan mantri Kisan Samman Nidhi Yojana in the category of fastest take off in year 2020-21. Nearly 1.53 crore farmers were registered during the period of Dec 2018 to Mar 2019 in state.

  • Under the guidance of Prime Minister Narendra Modi state government is committed for the welfare of farmers of state.
  • The Union Minister distributed the awards during an event in New Delhi organized to celebrate the 2nd-year completion of the PM-KISAN scheme.

Jasmine Harrison becomes youngest woman to row solo across the ocean
A 21-year-old swimming teacher has become the youngest woman to row solo across the Atlantic Ocean.

  • Jasmine Harrison, from Thirsk in North Yorkshire, set off on her 3,000-mile (4,828km) journey from La Gomera in the Canary Islands in December.
  • She docked in Antigua earlier, completing the journey in 70 days, three hours and 48 minutes.

Katherine Johnson is honored with a new spacecraft named after her
A spacecraft named for the famed NASA mathematician Katherine Johnson has arrived at the International Space Station with about 8,000 pounds of cargo in tow.

  • The S.S. Katherine Johnson, a Northrop Grumman Cygnus resupply spacecraft, launched from a NASA facility in Virginia and made it to the space station.
  • It carries a massive amount of science and research, crew supplies and vehicle hardware that will assist researchers there in numerous investigations.


BOOKS & AUTHORS

“The Last Queen” book by Chitra Banerjee Divakaruni
The book titled “The Last Queen” authored by an Indian-American author, poet Chitra Banerjee Divakaruni has been released recently. The book is published by HarperCollins.

  • The Last Queen is based on the life of Maharani Jindan Kaur, who rose from being a kennel keeper’s daughter to becoming the last queen of Maharaja Ranjit Singh. It’s also a story of a mother’s love, her loyalty to Punjab, and her fight against the British.

Because India Comes First” book by Ram Madhav
Author & Indian Politician Ram Madhav’s New Book ‘Because India Comes First’ Launched In Kolkata.

  • ‘Because India Comes First’ is a collection of essays that Ram Madhav, pracharak of the Rashtriya Swayamsewak Sangh (RSS), a senior leader of the Bharatiya Janata Party (BJP) and leading thinker of India has penned over a decade’s time.
  • The title of the book is drawn from the May 17, 2014 article that the author had written for the Indian Express, a day after the historic mandate for the 16th Lok Sabha was declared and Narendra Modi was elected as India’s Prime Minister.

Kabir Bedi’s memoir ‘Stories I Must Tell’ will be released in April
Veteran actor Kabir Bedi will tell his life story in his memoir, which will be released in April. Entitled “Stories I Must Tell: An Actor’s Emotional Journey,” the actor will provide an honest glimpse into his life.

  • The book will take readers through the ups and downs of Kabir Bedi’s life, both professional and personal.
  • He will also talk about his relationships, including marriage and divorce, why his beliefs have changed, and his days in movies, television and theaters in India, Europe and Hollywood.


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