Daily Current Affairs 27 March 2021 for Banking/Insurance/SSC and other related exams.
TRIFED signs MoU with Arunachal Pradesh for implementation of MSP for MFP Scheme and Van Dhan Yojana
TRIFED has signed a MoU with Government of Arunachal Pradesh for the implementation of the MSP for MFP Scheme and the Van Dhan Yojana in the state of Arunachal Pradesh.
- The Rural Development Department in State of Arunachal Pradesh will be the nodal agency for the implementation of this scheme while Arunachal Pradesh State Rural Livelihood Mission (ArSRLM) will be the State Implementation Agency.
- Under this agreement, 100 Van Dhan Vikas Kendras are planned to be set-up in the state this year.
India, France working on third joint space mission: ISRO
The Chairman of ISRO K. Sivan has informed that India and France have been working on their third Joint satellite Mission, even as the bilateral space collaboration has been entering into multiple domains, including the human space flight programme.
- ISRO and French space agency CNES (Centre National dEtudes Spatiales) have undertaken two joint missions ‘Megha-Tropiques’, which was launched in 2011, and ‘Saral-Altika’ in 2013.
Nirmala Sitharaman launches Central Scrutiny Centre and IEPFA mobile App
Finance and Corporate Affairs Minister Nirmala Sitharaman launched Central Scrutiny Centre and Investor Education and Protection Fund Authority, IEPFA mobile App to leverage digital solutions to achieve Prime Minister’s vision of ‘Digitally empowered India.
- The Mobile App aims at achieving the goal of financial literacy, spreading investors’ awareness, education, and protection among investors. The Mobile App has been developed for citizen engagement and information dissemination to promote awareness among investors.
BUSINESS & ECONOMY
India to be the third largest economy in 10 years: BofA Securities
India is likely to emerge as the world’s third largest economy in 2031 (fiscal 2031-32), suggests a recent report by BofA Securities, and should touch Japan’s nominal GDP (in USD) that year.
- The projections have assumed 6 per cent real growth rate, 5 per cent inflation and 2 per cent depreciation. Currently, India is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).
- Besides, BofA Securities has identified two additional drivers – forex reserves buffer and softer real lending rates – that can help the country become the world’s third largest over the years.
ACQUISITIONS & MERGERS
Adani Ports to acquire 58% stake in Gangavaram Port
Adani Ports will acquire 58% stake in Gangavaram Port for ₹3,604 crore, the company announced in a regulatory filing.
- The acquisition is in line with Company’s strategy of East Coast to West Coast parity and will provide an access to growth from new hinterland markets as it has coverage in resource rich and industrial belt in Eastern, Central & Southern India.
Khelo India Scheme extended till 2025-26
Khelo India Scheme has been extended to 2025-26 from 2021-22 , Sports Minister Kiren Rijiju announced in Rajya Sabha.
- The Ministry has furnished an Expenditure Finance Committee (EFC) memorandum to the Ministry of Finance for extension/continuation of the Khelo India Scheme from 2021-22 to 2025- 26.
- An amount of Rs 8750 crore has been estimated as financial implication of the new Khelo India Scheme (2021-22 to 2025-26) in the EFC memorandum furnished to the Ministry of Finance. An amount of Rs 657.71 crore has been allocated in the Budget Estimate (B.E.) for the year 2021-22 under the Khelo India Scheme.
Yogasana included in Khelo India Youth Games 2021: Sports Minister Kiren Rijiju
Sports Minister Kiren Rijiju said the government has included Yogasana in Khelo India Youth Games 2021 in a bid to develop it as a competitive sport.
- The Government recognition makes NYSF eligible for financial assistance for conduct of national championships in all the categories, viz. Senior, Junior and Sub-junior and participation in international sporting events.
Congo’s President Sassou Nguesso re-elected for fourth term
Congo Republic President Denis Sassou Nguesso has been re-elected with more than 88% of the vote, official results showed, extending his 36 years leading the Central African oil producer despite a prolonged economic crisis.
- Sassou is a former paratrooper who took power in 1979. He lost Congo’s first multi-party elections in 1992 but returned to office in 1997 after a civil war.
- He changed the constitution in 2015 to extend term limits that would have barred him from standing for re-election the following year.
Atish Chandra appointed CMD of FCI
Atish Chandra has been appointed as Chairman and Managing Director, Food Corporation of India in the rank and pay of Additional Secretary.
- Mr Chandra, a 1994 batch IAS officer of Bihar cadre, is currently Joint Secretary, Department of Agriculture, Cooperation and Farmers Welfare.
Saurabh Garg named as new UIDAI CEO
Senior bureaucrat Saurabh Garg has been named as the new Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI). This development is made as part of the bureaucratic reshuffle announced by the Centre.
- At present, Garg is serving in his cadre state Odisha. He is a 1991 batch IAS officer.
- Prior to Garg, Ajay Bhushan Pandey was the CEO of UIDAI. On March 3, 2020, Pandey was named as the new Finance Secretary by the centre.
Sanjeev Kumar appointed as Chairman of Airports Authority of India
The government appointed senior IAS officer Sanjeev Kumar as the chairman of Airports Authority of India (AAI).
- Kumar is a 1993 batch, Maharashtra cadre IAS officer.
- The chairman’s position had fallen vacant after previous incumbent, Arvind Singh, was recently appointed tourism secretary.
Principal Scientific Advisor K. Vijay Raghavan gets extension
The government has extended the term of Principal Scientific Advisor (PSA) K. Vijay Raghavan by a year.
- He was appointed PSA in 2018 after retiring as Secretary of, Department of Biotechnology.
- His contract ends on April 2 but has now been extended until April 2022.
Asha Bhosle to be honoured with ‘Maharashtra Bhushan’
The Maharashtra government said singer Asha Bhosle has been selected for the Maharashtra Bhushan award, the State government’s highest honour.
- The award, instituted in 1996 by the State government to recognise distinguished work and achievements of eminent persons from the State, representing different walks of life, carries a cash prize of ₹10 lakh and a citation.
IIT Kharagpur team wins CoreNet Global Academic Challenge 6.0
A team of four undergraduate students from the Indian Institute of Technology, Kharagpur (IIT-K) emerged as winners at the CoreNet Global Academic Challenge 6.0, sponsored by Cushman and Wakefield, KI and IA: Interior Architects.
- The team comprised of Siddhant Samarth (3rd year, Department of Civil Engineering), Pratim Majumdar (3rd year, Department of Chemical Engineering), Rishita Raj (2nd year, Department of Mechanical Engineering) and Utkarsh Agrawal (3rd year, Department of Manufacturing Science and Engineering), and were guided by Prof. Jenia Mukherjee (Department of Humanities and Social Sciences).
- This is the first time a squad from India has emerged as winners in the CoreNet Global Academic Challenge since the inception of the competition in 2015.
Esaf Small Finance Bank awarded ‘Great Place to Work’ certification
Kerala based ESAF Small Finance Bank had been awarded ‘Great place to work’ certification by the Great place to Work Institute.
- The certification is the result of an employee survey conducted by the third-party global authority on recognising high-trust and performance culture at workplaces.
- This recognition acknowledges the bank’s commitment and credibility amongst its employees.
Acclaimed Polish poet Adam Zagajewski passes away
Renowned Polish poet Adam Zagajewski has passed away. He was 75.
- He was a leading figure in Poland’s New Wave or Generation ’68, a literary movement of the late 1960s that called for a simple language to relate directly to reality. Zagajewski’s “Try to Praise the Mutilated World,” was translated into English by Clare Cavanaugh and published in The New Yorker.
- Zagajewski, who wrote a poem that came to symbolise the world’s sense of shock and loss after the September. 11, 2001, attacks in the United States.
BOOKS & AUTHORS
“Names of the Women” novel by Jeet Thayil
Write India author Jeet Thayil’s new book titled ”Names of the Women’ has been released recently.
- The novel tells Christ’s story from the viewpoints of various women who play minor roles in the New Testament.