Current Affairs

4 February, 2021

International

India slips to 53rd Rank in EIU’s Democracy Index 2020; Norway tops the Index

According to the ‘Democracy Index 2020’ released by the Economist Intelligence Unit (EIU), India with a score of 6.61 slipped two places to 53rd Rank (out of 167 countries) in the Index due to decline in Civil Liberties. Norway topped the index followed by Iceland & Sweden.
The handling of Coronavirus Pandemic has led to a further decline of civil liberties in 2020 in India, Asia and other regions of the world.

National

Defence Minister Rajnath Singh Inaugurates 2nd Exclusive LCA Tejas Production Plant in Bengaluru

Union Defence Minister Rajnath Singh inaugurated the Hindustan Aeronautics Limited’s (HAL) 2nd Exclusive Light Combat Aircraft (LCA)-Tejas Fighter Jets Production Plant at Doddanekundi, Bangalore, Karnataka. The Plant will double HAL’s production capacity of LCA Tejas to 16 LCA Tejas Aircrafts a year from 2022-23 (at present it is 8). The Light Combat Aircraft Tejas, indigenously designed by Aircraft Development Agency (ADA) under the Defence Research and Development Organisation (DRDO). At Present, Tejas are being manufactured from the 1st LCA dedicated Plant & HAL’s Aircraft Division. The Plant inaugurated by the Defence Minister is technically the 3rd plant for production of Tejas LCA. The Plant will be used for the production of both Tejas Mk-1A variant & Trainer Jets

About Hindustan Aeronautics Limited (HAL):
Chairman and Managing Director – R Madhavan
Headquarters – Bengaluru, Karnataka

India’s 1st Wetland Conservation Centre to be set up at Chennai

Minister of State for Ministry of Environment, Forest & Climate Change (MoEFCC), Babul Supriyo announced the establishment of India’s 1st Centre for Wetland Conservation and Management (CWCM) at Chennai, Tamil Nadu. It is being set up as part of the National Centre for Sustainable Coastal Management (NCSCM) Institute, a research institute under MoEFCC. CWCM will address research needs & knowledge gaps and will assist the Government in taking steps for conservation, restoration and management of India’s wetlands. It was launched on occasion of the World Wetland Day observed on February 2, 2020.
About Ministry of Environment, Forest & Climate Change (MoEFCC):
Union Minister – Prakash Javadekar (Member of Rajya Sabha, elected from Maharashtra)
Minister of State – Babul Supriyo (Member of Lok Sabha elected from Asansol, West Bengal)

Economy

SEBI Revises Objective, Eligibility Criteria of Innovation Sandbox

The Securities and Exchange Board of India (SEBI) revised the objective and eligibility criteria of innovation sandbox.
Aim: To encourage innovation and boost participation in the securities market
Revisions of Innovation Sandbox:

RBI Appointed External Professional IT Firm to Audit HDFC Bank’s IT Infrastructure

i.The Reserve Bank of India (RBI) has appointed an external professional IT firm to carry out a special audit of the entire IT infrastructure of HDFC bank under Section 30 (1-B) of the Banking Regulation Act, 1949.
ii.The audit will be conducted at the cost of the bank under Section 30 (1-C) of the Banking Regulation Act, 1949.
iii.The name of the IT firm was not disclosed.
iv.This appointment is part of RBI’s check to examine whether the bank has improved its digital capabilities following recent issues.
About HDFC Bank:
Incorporated– August 1994
Headquarters – Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Sashidhar Jagdishan(Succeeds Aditya Puri)
Tagline– We understand your world

Sports

Indian Cricketer Ashok Dinda Announced His Retirement From All Forms Of Cricket

Indian bowler Ashok Dinda announced his retirement from all formats of Cricket at the age of 36. He is one of the quick bowlers in Indian Domestic cricket.He Hails from West Bengal.
About Ashok Dinda:
i.He made his One Day International (ODI) debut in May 2010 against Zimbabwe.
ii.He has around 420 first class wickets and has featured 13 ODIs and 9 Twenty20 (T20) representing India and took 12 and 17 wickets respectively.

Miscellaneous

Skyroot Aerospace Signs Non-Disclosure Agreement with ISRO

Skyroot Aerospace has signed a Non-Disclosure Agreement (NDA) with Indian Space Research Organisation (ISRO) on behalf of Department of Space (DoS), through which Skyroot Aerospace can use the facilities & technical expertise in ISRO centers for development of their Launch Vehicle Development Program.

About Skyroot Aerospace:
CEO – Pawan Kumar Chandana
Headquarters– Hyderabad, Telangana

“Aatmanirbharta” named Oxford Hindi Word of 2020

The Oxford Languages has named “Aatmanirbharta or Self-Reliance” as the Hindi Word of the year 2020 since it validated the day-to-day achievements of the countless Indians who dealt with and survived the perils of a pandemic. The major success of the Aatmanirbhar Bharat campaign is the large-scale production of the COVID-19 vaccine in.

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