Daily Current Affairs 26 September 2021 for Banking/Insurance/SSC and other related exams.
India signs pact for social housing units in Maldives
EXIM Bank of India has concluded Agreements with Fahi Dhiriulhun Corporation Limited (FDC) of Maldives to extend Buyers Credit of around $228 million for the construction of 4000 Social Housing Units in Hulhumale’ Phase II.
- The construction will be undertaken by National Buildings Construction Company (NBCC) and JMC Projects (India) Ltd. The companies have rich experience in real estate developmentand civil construction projects, both in India and abroad.
Mumbai, Bangalore and London named among World’s top startup hubs
London, Mumbai and Bangalore have featured among the world’s top startup hubs, according to a comprehensive ranking of international startup hubs compiled by Startup Genome for its annual Global Startup Ecosystem Report 2021.
- Silicon Valley held onto the top spot this year while Beijing and Boston came in fourth and fifth respectively. Despite Brexit and the coronavirus pandemic, London maintained its second-place ranking tied with New York for the second year in a row.
- Bangalore also ranked in the top 30 global tech hubs (#23 globally) and Delhi made it into the top 40 list, coming in at 36th. Mumbai maintained its first position in the Emerging Ecosystems ranking outperforming other fast-growing ecosystems in areas of funding, performance, marke research and talent.
India, UAE to sign trade pact by Mar 2022
India and the United Arab Emirates (UAE) have formally launched negotiations on a Comprehensive Economic Partnership Agreement (CEPA) that aims at expanding bilateral trade and investment between the two nations.
- The first round of CEPA negotiations held. Both nations aim to sign a deal in six months.
- A new strategic economic agreement between both nations is expected to increase bilateral trade in goods to $100 billion within five years of the agreement being signed and increase trade in services to $15 billion.
Haryana gives nod for implementing Mukhyamantri Bagwani Bima Yojana
The Haryana Cabinet approved the implementation of the Mukhyamantri Bagwani Bima Yojana (MBBY), an assurance-based scheme to compensate crop losses due to adverse weather and natural calamities for farmers growing horticulture crops.
- Under this scheme, farmers need to give only 2.5 per cent, that is Rs 750 for vegetable and spice crop and Rs 1000 for fruit crops against a sum assured of Rs 30,000 and Rs 40,000, respectively.
- The scheme will be optional. A seed capital of Rs 10 crore will be kept by the state government for the scheme.
Accra named UNESCO World Book Capital 2023
The Director-General of UNESCO, Audrey Azoulay, has named Accra (Ghana) as UNESCO World Book Capital for 2023, following the evaluation of the World Book Capital Advisory Committee.
- After Guadalajara (Mexico) in 2022, the city of Accra was selected for its strong focus on young people and their potential to contribute to the culture and wealth of Ghana.
- Accra’s proposed programme seeks to use the power of books to engage these young people, as an effective way of skilling up the next generation.
BANKING & FINANCE
Bank Deposits Grow By 11.90% In FY21 Says RBI
Bank deposits grew by 11.9 per cent on a year-on-year basis during the financial year 2020-21 compared to 8.8 per cent in the previous year on the back of high growth in current account and savings account (CASA) deposits, the RBI data showed.
- Also, the share of CASA deposits increased to 43.7 per cent in March 2021 from 41.7 per cent a year ago, the RBI said. Among institutional categories, the household sector held 64.1 per cent share in total deposits, the central bank said.
- Individuals were the major constituent of the household sector and contributed 55.8 per cent in aggregate deposits. Bank deposits of non-financial corporations surged by 18.8 percent during 2020-21 and their share in total deposits increased to 16.2 percent in March-2021, the RBI said.
- Among the stated, Maharashtra, UP and Karnataka held one-third of total household sectors’ outstanding deposits and over 40 per cent of its incremental deposits during 2020-21, the RBI said.
Magnus Carlsen wins Norway Chess 2021
GM Magnus Carlsen received the Norway Chess event for the third time in a row, and the fourth in whole. Like within the first half of the event, the world champion received the armageddon sport towards world title challenger GM Ian Nepomniachtchi, who got here fourth.
- GM Alireza Firouzja ended up beating and overtaking GM Richard Rapport to complete in second place, identical to final 12 months.
Government e Marketplace bags prestigious CIPS Award
Government e Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).
- GeM emerged the winner in this category after competing with some of the biggest and best names in procurement across the public and private sector globally, including GEP, Jaguar Land Rover, Royal Dutch Shell, Vendigital and Shell.
- The CIPS Awards are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), London.
NHPC’s Teesta-V Power Station conferred with IHA Blue Planet Prize
NHPC’s 510 MW Teesta-V Power Station located in the Himalayan State of Sikkim has been conferred with the prestigious Blue Planet Prize by International Hydropower Association (IHA), a London based non-profit membership association operating in 120 countries.
- The award for Teesta-V Power Station was announced during the World Hydropower Congress, 2021.
- The award had been conferred to Teesta-V Power Station based on its sustainability assessment undertaken by a team of accredited lead assessors of IHA in 2019 using the Operation Stage tool of the Hydropower Sustainability Assessment Protocol (HSAP) of IHA.
SCIENCE & TECHNOLOGY
AICTE to Set Up Training Centre in Haryana for Its IDEA Lab Initiative
The All India Council for Technical Education (AICTE) will set up a training centre in Haryana soon for its Idea Development, Evaluation and Application (IDEA) Lab initiative, its member-secretary has said.
- AICTE-IDEA Labs are being established across the country to encourage students for application of science, technology engineering, and mathematics (STEM) fundamentals towards enhanced hands-on experience, learning by doing and even product visualisation.
Women’s Rights Activist Kamla Bhasin Passes Away
Eminent women’s rights activist, poet and author Kamla Bhasin passed away. She was 75.
- Bhasin has been a prominent voice in the women’s movement in India and other South Asian countries.
BOOKS & AUTHORS
“The Fractured Himalaya” book by Nirupama Rao
The book titled “The Fractured Himalaya: How the Past Shadows the Present in India-China Relations”, written by Nirupama Rao has been released recently.
- The book traces how the origins of the dispute between India and China form part of a living history that shapes their fractious relationship today.
“The Long Game: How the Chinese Negotiate with India” book by Vijay Gokhale
The book titled “The Long Game: How the Chinese Negotiate with India” authored by Vijay Gokhale has been released recently .
- this new book, former foreign secretary of India, Vijay Gokhale, unpacks the dynamics of India-China relations through the prism of six historical and recent events.