Current Affairs

6 December, 2021


Mathematician Nikhil Srivastava and 2 others selected for AMS’s Ciprian Foias Prize

Indian-American Mathematician Nikhil Srivastava nominated for American Mathematical Society (AMS) for the first Ciprian Foias Award in Operator Theory.

Along with Nikhil Srivastava, who teaches at the University of California, Berkeley, Adam Marcus (Switzerland) and Daniel Spielman (United States)are the other two recipients. The award has been given for Nikhil Srivastava for his work in developing and introducing techniques to understand the characteristic polynomial of matrices, including the iterative sparsification.

Who is Nikhil Srivastava?
i.Nikhil Srivastava was born in New Delhi, India.
ii.In 2005, he graduated with the highest distinction, with a Bachelor of Science degree in Mathematics and Computer Science from Union College in Schenectady, New York. In 2010, he earned a Ph.D. in computer science from Yale University.
iii.Awards: George Polya Prize in 2014 and Held Prize in 2021.

India’s ESAF SFB gets Honorable Mention in Best Bank for Women Entrepreneurs: 4th Global SME Finance Awards 2021

The 4th Global SME Finance Awards 2021, constituted by the United States (US)-based SME Finance Forum, conferred Honorable mention in the Best Bank for Women Entrepreneurs category on the Thrissur, Kerala (India) based ESAF Small Finance Bank (SFB) Limited. This acknowledgement is due to the gender equal opportunities provided by SFB through universal financial access, livelihood and economic development including providing microloans to women in unserved and underserved households in India. ESAF SFB was launched in 2017 and its Managing Director and Chief Executive Officer (CEO) is Kadambelil Paul Thomas.

About Global SME Finance Awards 2021:
These were Organized by International Finance Corporation (IFC), a member of the World Bank Group, and the SME Finance Forum and endorsed by the G20’s (Group of Twenty) Global Partnership for Financial Inclusion (GPFI). Initiated in 2018, these awards recognize financial institutions and fintech companies for their outstanding achievements in delivering services to small and medium enterprises.


22nd Hornbill Festival begins in Nagaland

The 22nd Hornbill Festival began in Nagaland at Naga Heritage Village, Kisama(Kohima).The Governor of Assam and Nagaland Prof. Jagdish Mukhi inaugurated the programme of the 10-day festival. It is also called the ‘Festival of Festivals’. It is the largest celebration of the Indigenous Warrior Tribes of Nagaland, generally celebrated for 10 days . The festival is also known as Dhanesh bird festival. Organized by the State Tourism and Art & Culture Departments.

i.To revive and protect the rich culture of Nagaland and display its extravaganza and traditions.
ii.To encourage inter-tribal interaction and to promote cultural heritage of Nagaland.
i.The festival is named after the bird Indian hornbill, the large and colourful forest bird which is displayed in the folklore of most of the state’s tribes.
ii.The festival is currently being celebrated in the major parts of Nagaland that includes Kisma to Kohima, Mocomchung, Dimapur, Okha etc.
iii.It is celebrated by organising several traditional arts, folk songs & games, indigenous traditions etc.
About Nagaland:
Festival- Ngada Festival , Hega Festival, Mim Kut Festival
Capital- Kohima

India-ITU Launch Joint Cyber Drill 2021

The International Telecommunication Union (ITU) and the Department of Telecommunications (DoT) operating under the Ministry of Communications conducted a ‘Joint Cyber Drill 2021’. It was conducted for the Critical Network Infrastructure (CNI) operators of India. It is a four-day virtual event that will take place from November 30 to December 3, 2021. The CNIs are the systems, assets and networks that are essential to ensure the security of a country.

The speakers, panelists, and experts from the International Telecommunication Union (ITU), the United Nations Office on Drugs and Crime (UNODC), INTERPOL, the National Security Council Secretariat (NSCS), the Indian Computer Emergency Response Team (CERT-In), and other prestigious organisations.
Main purpose of Cyber Drill:
i.The 2021 India-ITU joint CyberDrill for Indian entities will emphasize the role of national Computer Incident and Response Teams (CIRTs) and Computer Security Incident Response Teams (CSIRTs) in building cyber resilience and protecting critical information infrastructure.
ii.It will improve the cyber security readiness of India and also helps to test an organization’s cyber capabilities against cyber-attacks, information security incidents, and other disruptions in our country.
About International Telecommunication Union (ITU):
Secretary General– Houlin Zhao
Headquarters– Geneva, Switzerland

PM Narendra Modi Inaugurated, lays Foundation Stone for Multiple Projects in Dehradun

Prime Minister (PM) Narendra Modi inaugurated 7 projects worth Rs 2,573 crore and laid the foundation stone of 11 projects worth Rs 15,728 crore in Dehradun, Uttarakhand (Cumulatively the projects worth around Rs 18,000 crore). Uttarakhand Chief Minister Pushkar Singh Dhami also participated in the project’s inauguration. More than Rs 1 lakh crore has been approved by the Centre in the last five years for the development of Uttarakhand.

About some of the Key Projects:
i.Delhi-Dehradun Economic Corridor: PM laid the foundation stone for the Delhi-Dehradun Economic Corridor project, which will be built at a cost of around Rs 8,300 crore. It will have Asia’s largest wildlife elevated corridor (12 kilometres) for unrestricted wildlife movement. It also includes the 340 metres long tunnel near Dat Kaali temple, Dehradun to reduce the impact on wildlife.

ii.Dehradun – Paonta Sahib, Himachal Pradesh road project: PM Modi laid the foundation stone for the Dehradun – Paonta Sahib (Himachal Pradesh) road project, being constructed at a cost of around Rs 1700 crore.
About Uttarkhand:
Governor – Gurmit Singh
Tiger Reserve – Corbett Tiger Reserve, Rajaji Tiger Reserve
Zoological Park – Bharat Ratna Pandit Govind Ballabh Pant high altitude Zoological Park

MoS E&IT Rajeev Chandrasekhar Released the National Strategy on Blockchain, Launches India’s 1st Indigenous Server RUDRA

while celebrating Azadi Ka Digital Mahotsav, the Minister of State (MoS) for Electronics and Information Technology (IT) & Skill Development and Entrepreneurship, Rajeev Chandrasekhar, released the National Strategy on Blockchain. The National Strategy on Blockchain was formulated by the Ministry of Electronics & Information Technology (MeitY) to create trusted digital platforms through shared Blockchain infrastructure. The strategy document would provide the guidance for creating a nationwide ecosystem for creating the National Blockchain Platform and the development of relevant applications.

MoS E&IT launches India’s 1st indigenous server RUDRA
Rajeev Chandrasekhar also launched India’s 1st indigenous Server, RUDRA, which was developed by the Centre for Development of Advanced Computing (C-DAC) under the National Supercomputing Mission (NSM) supported by MeiTY and DST (Department Of Science & Technology). C-DAC is collaborating with Intel, NVIDIA (technology partners), and ATOS (manufacturing partner).

i.MoS announced the top 10 winning teams of the Swadeshi Microprocessor Challenge, which was announced in August 2020 to provide further thrust to the Start-up, innovation and research in India.
ii.Under the aegis of Microprocessor Development Programme of MeitY, a power-pack indigenously developed processors such as SHAKTI (by IIT Madras) and VEGA (by C-DAC) has been developed from scratch using Open-Source Architecture.
About Ministry of Electronics and Information Technology:
Union Minister – Ashwini Vaishnaw (Constituency – Odisha)
Minister of State – Rajeev Chandrasekhar (Constituency – Karnataka)


CIFT is Awarded with Future Refrigeration India Project – ‘INDEE+’

The Kochi based Indian Council for Agriculture Research (ICAR), Central Institute of Fisheries Technology (CIFT) has been awarded a project on ‘Future Refrigeration India’ named ‘INDEE+’, aimed at heading the fuel transition in the seafood sector. This project is coordinated by Norwegian University of Science and Technology (NTNU) The other Indian partners are CIFT Kochi; Indian Institute of Technology (IIT) Chennai; BITS Pilani; and Indian Institute of Science (IISc) Bengaluru.

Note – The Indian fisheries sector committed towards achieving net zero carbon emission by 2070 at the 26th International Climate Conference in Glasgow.
About Central Institute of Fisheries Technology (CIFT)
Senior Administrative Officer – W Sreenivasa Bhatt
Established – 1957
Started function at – Cochin
Other Research centers – Veraval (Gujarat), Visakhapatnam (Andhra Pradesh) and Mumbai (Maharashtra).

Gujarat with 15.9% Manufacturing Growth became India’s Largest Manufacturing Hub: RBI Data

i.In accordance with the data by Reserve Bank of India (RBI), Gujarat has surpassed Maharashtra to become India’s leading manufacturing hub. It’s Gross Value Addition (GVA) in manufacturing grew 15.9% annually between FY12 to FY20 to Rs 5.11 lakh crore.

ii.GVA indicates economic growth in supply of goods and services. It is GDP minus net product taxes.
iii.In terms of manufacturing, Maharashtra is followed by Tamil Nadu with a GVA of Rs 3.43 lakh crore at 3rd spot, Karnataka (4th) at Rs 2.1 lakh crore, and Uttar Pradesh-UP (5th) at Rs 1.87 lakh crore.
iv.India’s cumulative manufacturing GVA grew to Rs 16.9 lakh crore in FY20 stating an annual growth rate of 9.7% since FY12.
Static points about Reserve Bank of India (RBI):
-It was established on the recommendation of the Hilton Young Commission.
-RBI is responsible only for printing the currency notes. Minting of coins is done by the Government of India.
-Dr. Manmohan Singh is the only Prime Minister to have also served as the Governor of RBI.

GoI to Develop Indigenous Jet Engines for LCA Tejas Aircrafts

The Government of India (GoI) has informed the Parliament about the future development of indigenous engines for powering aircraft such as Light Combat Aircraft (LCA) Tejas variants and Advanced Medium Combat Aircraft (AMCA) in association with an International Engine House.

Currently, the Light Combat Aircraft (LCA) Tejas is integrated with an imported engine. The LCA Tejas, Flight Operational Clearance (FOC) configuration requires higher thrust than the intended engine requirement. Thus the present architecture of the Kaveri engine cannot be integrated with LCA Tejas.

About Kaveri Project: The Cabinet Committee on Security (CCS) had sanctioned the indigenous Kaveri engine project in 1989 and it is now in the trial stage. The project includes the development of nine full prototype engines and four core engines with an expenditure of Rs 2035.56 crore.

Light Utility Helicopters:
i.In November 2021, the defence ministry approved the procurement of 12 LUH from the HAL for around Rs 1,500 crore.
ii.Hindustan Aeronautics Ltd (HAL) will manufacture 4 Limited Series Production (LSP) of the indigenous Light Utility Helicopters (LUH) by 2022-23 and 8 LSP LUHs by 2023-24.
About Ministry of Defence:
Union Minister – Raj Nath Singh (Constituency – Lucknow, Uttar Pradesh)
Minister of State – Ajay Bhatt (Constituency – Nainital-Udhamsingh Nagar, Uttarakhand)


India to tour South Africa for 3 Tests and 3 ODIs, T20Is to be played later: BCCI Secretary

India tour of South Africa 2021: Team India will tour South Africa for three tests and three ODIs as per schedule, confirmed Board of Control for Cricket in India (BCCI) Secretary Jay Shah on December 4, 2021.

The four T20Is, which were also originally a part of the tour, have been postponed and will now be played on a later date, the BCCI Secretary informed. The news comes in the wake of detection of the new Omicron COVID variant in South Africa, which has now been reported in several other countries across the globe including India.

The Board of Control for Cricket in India (BCCI) and Cricket South Africa (CSA) were in constant touch over the same. There were reports earlier of the two sides discussing to push back the India South Africa 2021 series by a week due to the threat of Omicron. It is now confirmed that India will be heading to South Africa to play the scheduled 3 tests and ODIs, while the T20Is, which were to be held in January 2022 have been postponed.


Kirana Appoints Ravindra Jadeja as Official Brand Ambassador

Bangalore based innovative, fast-growing fintech, Kinara Capital signed the Indian cricketer Ravindra Jadeja, as its official brand ambassador on the occasion of the company’s 10th anniversary. Kirana Capital provide loan service to India’s MSMEs.Till date, Kirana Capital has disbursed 70,000 collateral-free loans.

Aim – To reach 500% growth from current Asset Under Management (AUM) of INR 1000 crore and finance additional 1 Lakh collateral-free MSME loans by 2025.
Kinara’s innovative offerings:
i.’myKinara app’, an end-to-end digital application along with more than 400+ digital wallet payment options,
ii.‘Grow with Kinara’ , a free workshop series for customers
iii.’HerVikas’, a discounted loan programme for women entrepreneurs.
About Kinara Capital
Kinara Capital offers business loans to all MSME sectors including Manufacturing, Trading and Services.
Founder & CEO – Hardika Shah
Established – 2011
Headquarters – Bangalore, Karnataka

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