9 February, 2021
International
National
AEPL Enters into a Framework Agreement with MiG For Post-Warranty Support to Indian Navy fighter Jets
i.On February 3, 2021 Aviatech Enterprises Pvt Ltd (AEPL), a Crown group company entered into a ‘framework agreement’ with Russian Aircraft Corporation(RAC) MiG, where AEPL will be the in-country authorised partner for RAC MiG to provide post-warranty product support to Mikoyan-Gurevich(MiG)-29K and MiG-29KUB fighter jets, associated systems, Ground Support Equipment (GSE) and Special to Type Test Equipment (STTE) in the inventory of the Indian .
ii.Currently Indian Navy has around 40 MiG-29K (single seat) and MiG-29KUB (double seat) aircraft in its fleet.
About Aviatech Enterprises Pvt Ltd (AEPL):
Headquarters– New Delhi, India
CEO– Rear Admiral (retd) Srinivas Kanugo
About Russian Aircraft Corporation MiG:
Managing Director– Andrey Leonidovich Gerasimchuk
Headquarters– Moscow, Russia
India & Nepal Inaugurated the Newly Constructed 108Km Road Connecting Indo-Nepal Border
i.India and Nepal jointly inaugurated the newly constructed 108 kilometer road which connects the Indo-Nepal border with several areas of Himalayan Country. Nitesh Kumar, Consul General of the Consulate General of India, Birgunj and Binod Kumar Mauwar, division chief of Department of Roads, Chandranigahpur jointly inaugurated the road.
ii.The construction of the road was considered as a high impact community development project under the agreement between the Government of India and Nepal.
iii.The blacktopped road connecting India and Nepal was constructed with the Indian Grant assistance of NR 44.48 million.
About Nepal:
Prime Minister– K. P. Sharma Oli
Capital– Kathmandu
Currency-Nepalese Rupee (NPR)
PM Modi Unveiled Postage Stamps on Diamond Jubilee of Gujarat High Court
Prime Minister Narendra Modi virtually inaugurated the event organised to mark the Diamond Jubilee of the Gujarat High Court and unveiled the commemorative Postage Stamps to mark the completion of 60 years of establishment of the High Court of Gujarat on May 1 2020. Vikram Nath is the Current Chief Justice of Gujarat High Court. The event which was scheduled to take place in 2020 was postponed due to the COVID-19 pandemic.
Ladakh UT, LAHDC & ONGC Energy Centre sign Tripartite Agreement to establish India’s 1st Ever Geothermal Project in Puga, Ladakh
Union Territory (UT) Administration of Ladakh, Ladakh Autonomous Hill Development Council (LAHDC)-Leh and Oil and Natural Gas Corporation (ONGC) Energy Centre have signed a Memorandum of Understanding (MoU) to establish India’s 1st ever Geothermal Field Development Project in Puga Village of Eastern Ladakh (UT Ladakh). ONGC Energy Centre will be the implementing agency of the project.
Ravinder Kumar, Administrative Secretary of Ladakh Power Development Department & Sachin Kumar Vaishya, Chief Executive Officer (CEO) of LAHDC signed the MoU with ONGC Energy Centre.
Economy
Praveen Sinha IPS of Gujarat Cadre appointed as acting chief of CBI
The Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi has appointed Praveen Sinha, 1988 batch IPS officer of Gujarat Cadre, currently serving as the Additional Director of Central Bureau of Investigation(CBI), as the acting Chief of CBI. He succeeds Rishi Kumar Sukla who retires on 3rd February 2021 after a 2-year stint.
About Central Bureau of Investigation(CBI):
CBI was established as The Special Police Establishment (SPE) in 1941, it was renamed as Central Bureau of Investigation(CBI) in 1963.
Motto– Industry, Impartiality, Integrity
Headquarters– New Delhi
India’s Nominal GDP Growth to Rise to ~17% in FY22: Moody’s
i.Moody’s in its report titled ‘Government Policy – India: Budget provides broad support; fiscal consolidation prospects still weak’ has increased India’s nominal Gross Domestic Product (GDP) growth at ~17% for FY 22 from earlier 14.3%.
ii.The projection has been made on the basis of a ‘pro-growth’ budget.
iii.This forecast is higher than 14.4% estimated in the Union Budget 2021-22.
About Moody’s:
Headquarters– NewYork, United States
President & CEO– Robert(Rob) Fauber.
Sports
Miscellaneous
Bellatrix Aerospace is building a ‘space taxi’ for satellites
i.In a reforming development, the Bengaluru, Karnataka based Bellatrix Aerospace is building a Orbital Transfer Vehicle (OTV) that will work as a “taxi in space” to ferry small satellites into multiple orbits. It will be big development for global operators to reduce time and costs.
ii.The space startup’s vehicle is expected to launch to low earth orbit in 2023 on the Vikram rocket of Skyroot Aerospace, a Hyderabad-based rocket startup.
About Bellatrix Aerospace:
Founded– 2015
Founders– Yashas Karanam, Rohan M Ganapathy
Result:
