Current Affairs

10 May, 2021

International

Space Debris Guidelines of United Nations

The rockets carry their payload into the space. After the payload is dropped in its orbit, the booster stages of the rocket that reach the orbit fire the engine to drop the rockets back to the earth. This will prevent the rocket from remaining in the orbit and thereby reduce space debris. And also prevent them from causing potential threats to hit other rockets.
However, China chose not to do this for its Long March rocket. This led to the crashing of its rocket. Thus, NASA is criticising Chinese actions for not abiding by the international safety standards.

India topped vehicle imports into South Africa in 2020: AIEC Report

According to the ‘Automotive Export Manual 2021-South Africa’ report released by Automotive Industry Export Council (AIEC), India was the top country of origin in Volume terms for passenger cars & Light Commercial Vehicles (LCVs) imports into South Africa in 2020, despite COVID-19 lockdowns & global decline in vehicle sales. India accounted for 43.2% (87, 953 units )of total passenger cars & Light Commercial Vehicles (LCVs) imported by South Africa in 2020. But on the other side due to the COVID-19 pandemic, South African vehicle exports declined by a massive 115, 804 units to 271, 288 units in 2020 (from 387, 092 vehicles exported in 2019). Most of the vehicles imported from India fell into the Entry-level and small vehicle category. In a recently released report, International Energy Agency (IEA) had stated that global car sales fell by 16% in 2020 due to COVID-19.
About Automotive Industry Export Council (AIEC)
Chairman of the Board – Renai Moothilal
Headquarters – Pretoria, South Africa

National

Armed Forces Launched Operation ‘CO-JEET’ to Fight Covid-19 in India

The Indian Armed Forces has launched operation “CO-JEET” to support anti-COVID-19 efforts of the country. Lieutenant General Dr.Madhuri Kanitkar is monitoring the steps & working on strategies to provide relief to Covid-19 Patients.She is the 3rd woman to become a three-star general in the armed forces behind Punita Arora(1st) & Padmavathy Bandopadhyay(2nd). “CO-JEET stands for co-workers of all of the three companies who will lastly obtain ‘Jeet’ (victory) over COVID.
About Op CO-JEET:
i.It aims to strengthen medical infrastructure and oxygen supply chains and to ensure mental wellbeing of people.
ii.The personnel of the Army, the Air Force and the Navy have been engaged to help restore oxygen supply chains, set up COVID beds and provide help to the civilian administration in its fight to control the pandemic.
About Indian Armed Forces:
Minister of Defence: Rajnath Singh
Defence Secretary:Ajay Kumar, IAS
Chief of Defence Staff:General Bipin Rawat

MoSJE mandates States/UTs to issue Disability Certificates through UDID Portal

The Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice & Empowerment (MoSJE) has issued a notification mandating all State/UT Governments to issue a certificate of disability through online mode only using Unique Disability ID Portal (UDID Portal) – (www.swavlambancard.gov.in) from June 1, 2021. The requirement of a Certificate of disability is mandated under the Rights of Persons with Disabilities Act, 2016 (RPwD Act, 2016). Using the certificate, people with disabilities can avail benefits of different government schemes. The sector has been demanding online issuance of certificates, as people with disabilities were unable to get certificates due to prevalent restrictions in Pandemic times. Department of Health, and Department which deals with disability matters in States/UTs will ensure the compliance of the notification.
About Ministry of Social Justice & Empowerment (MoSJE)
Union Minister – Thaawar Chand Gehlot (Rajya Sabha, Madhya Pradesh)
Minister of State – Rattan Lal Kataria (Ambala, Haryana), Krishan Pal Gurjar (Faridabad, Haryana), and Ramdas Athawale (Rajya Sabha, Maharashtra)

Economy

”Savdhan Rahein, Safe Rahein” public awareness campaign launched by Bajaj Finserv

Bajaj Finserv launched ‘Savdhan Rahein, Safe Rahein’, a public awareness campaign on financial fraud risks to educate customers and public at large on financial fraud risks and how to stay protected across digital and social media platforms.
About Bajaj Finserv:
Chairman and Managing Director(CMD): Sanjiv Bajaj
Headquarters: Pune,Maharashtra
Chatbot: Blu

SEBI Amended the Issue of Capital and Disclosure Requirements’ Regulations to Support Start-ups

Under section 30 of the Securities and Exchange Board of India(SEBI) Act, 1992 (15 of 1992), SEBI amended the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, called SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2021. In order to boost the listing of start-ups renamed Institutional Trading Platform (ITP) (formed in 2015) as Innovators Growth Platform. The term ‘Accredited Investor’ for the purpose of IGP is renamed as ‘Innovators Growth Platform Investors’. Delisting price is provided based on a floor price determined in terms of regulation 8 of SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

EPFO can Invest up to 5% in AIFs

The Labour Ministry has notified the changes in the investment pattern of the Employees Provident Fund Organisation(EPFO), which allowed it to make an investment of up to 5 percent of its investible surplus in Alternative Investment Funds (AIFs). This change came after the Government’s recent modification over the investment pattern of Non-Government Provident Funds, Superannuation Funds, and Gratuity Funds to invest in AIFs.
About Alternative Investment Fund (AIF):
AIF is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing it by a defined investment policy for the benefit of its investors.

RBI set up Advisory Group Under S Janakiraman to Assist RRA 2.0

The Reserve Bank of India’s (RBI) Regulations Review Authority (RRA 2.0) has constituted a 6-member Advisory Group headed by S Janakiraman, Managing Director of State Bank of India to support in reviewing the RBI’s regulations and compliance procedures to streamline/ rationalise them to make them more effective.
About the Advisory Group in Brief:
Background:
RBI formed the RRA 2.0 for a period of 1 year from May 01, 2021 to Streamline RBI’s Regulations and Reduce Compliance. M. Rajeshwar Rao, Deputy Governor, RBI was the RRA (head).
RBI conducted the simultaneous sale, purchase of G-Secs of FY22:
RBI conducted the Simultaneous purchase and sale of government securities(G-Sec) (Operation Twist) each worth Rs 10,000 crore under open market operations (OMOs) in May 2021.
About Reserve Bank of India(RBI):
It was established on the recommendation of the Hilton Young Commission
The First Governor of RBI was Sir Osborne Smith (1935 – 1937)
The First Indian Governor of RBI was CD Deshmukh (1943 – 1949)
Dr. Manmohan Singh is the only Prime Minister to have also served as the Governor of RBI ((1982 – 1985)
The First women deputy Governor of RBI was KJ Udeshi

Sports

Aryna Sabalenka wins her Maiden Madrid Open Women’s singles title

In tennis, the world number seven, Aryna Sabalenka of Belarus, defeated world number one Ashleigh Barty of Australia to win the 2021 Madrid Open women’s singles title. This Sabalenka’s 10th career WTA singles title, second WTA title of the season and first on clay court. Madrid Open is a professional WTA tennis tournament played on outdoor clay courts. Sabalenka beat Australian player Barty with 6-0, 3-6, 6-4.

Winners of 22nd Laureus World Sports Awards – 2021

The 22nd Laureus World Sports Awards 2021 were unveiled at a Digital Awards Ceremony from Sevilla, Spain. Spanish Tennis Player Rafael Nadal won the Sportsman of the year title, while Japanese Tennis player Naomi Osaka won the Sportswomen of the year title. This is Nadal’s 4th Laureus Title (2014, 2011, 2006), and the 2nd Laureus Title for Naomi Osaka (previous one coming in 2019). The Laureus World Sports Awards are awarded annually by Laureus Sport for Good.
Complete List of Winners
S.No Award Recipient
1 Laureus World Sportsman of the Year Rafael Nadal
Country – Spain, Sports – Tennis
2 Laureus World Sportswoman of the Year Naomi Osaka
Country – Japan, Sports – Tennis
3 Laureus World Team of the Year Bayern Munich
German Football Club
4 Laureus World Breakthrough of the Year Patrick Mahomes
Country – US, Sports – American Football
5 Laureus World Comeback of the Year Award Max Parrot
Country – Canada, Sport – Snowboarding
6 Laureus Sport for Good Award ‘KICKFORMORE’ by Kickfair
7 Laureus Lifetime Achievement Award Billie Jean King
Country – US, Sport – Tennis
8 Laureus Athlete Advocate of the Year Award
(Inaugural Award) Lewis Hamilton
Country – UK, Sport – Formula One
9 Laureus Sporting Inspiration Award Mohamed Salah
Egyptian Football player, Club – Liverpool
10 Laureus Sporting Moment of the Year Award Chris Nikic – American Triathlete
In 2020, he became the 1st person with Down Syndrome to finish an Ironman triathlon
About Laureus Sport for Good Foundation:
Chairman of Trustees – Edwin Moses
It is a Charitable Company based in London, UK

Miscellaneous

‘VINCOV-19’ antibody engineered product to treat COVID-19 cleared for clinical trials

The Drugs Controller General of India, the apex body for clinical trials in India, has given approval to Hyderabad-based immunological company VINS Bioproducts to test its Covid-19 antibody product VINCOV-19
This product is a collaborative effort of the University of Hyderabad (UoH), CSIR-Centre for Cellular and Molecular Biology (CSIR-CCMB) and Vins Bioproducts Ltd,Hyderabad. VINCOV-19 is an antibody product obtained after immunisation of horses with inactivated SARS-CoV-2 virus in combination with adjuvants.

International Criminal Police Organization (INTERPOL) has launched a Mobile Application (app) – ‘ID-Art’ which will help to identify the stolen cultural property, reduce smuggling and increase the possibility of recovering stolen works and artefacts. i.Using the app, Search Database – users (law enforcement agencies to the General Public) can instantly check if an object is among the thousands of items registered as stolen in Interpol’s ‘Stolen Works of Art’ database. Create an inventory of private art collections (using Object ID), which can be shared with law enforcement agencies in case of theft. Report cultural sites which are potentially at risk (through recording of geographical location). ii.During the pilot phase, the app was successfully used in Italy & Netherlands. About International Criminal Police Organization (INTERPOL) Secretary-General – Jurgen Stock Headquarters – Lyon, France

The Central Board of Secondary Education(CBSE) has launched an app called ‘Dost For Life’ to maintain psycho-social wellness during Covid-19. The app will be available for students from classes 9 to 12 and will conduct live counselling sessions by the trained counsellors/principals (app available on Google Play Store).

Interpol Launches ‘ID-Art’ Mobile App to protect Cultural Heritage Properties

International Criminal Police Organization (INTERPOL) has launched a Mobile Application (app) – ‘ID-Art’ which will help to identify the stolen cultural property, reduce smuggling and increase the possibility of recovering stolen works and artefacts.
i.Using the app,
Search Database – users (law enforcement agencies to the General Public) can instantly check if an object is among the thousands of items registered as stolen in Interpol’s ‘Stolen Works of Art’ database.
Create an inventory of private art collections (using Object ID), which can be shared with law enforcement agencies in case of theft.
Report cultural sites which are potentially at risk (through recording of geographical location).
ii.During the pilot phase, the app was successfully used in Italy & Netherlands.
About International Criminal Police Organization (INTERPOL)
Secretary-General – Jurgen Stock
Headquarters – Lyon, France

Carlyle Sells 4% Stake in SBI Life for Rs 3,900 crore

Carlyle Group, a private equity firm through its entity CA Emerald Investment, sold a 4 percent stake (amounting to 4.1 crore shares) in SBI Life Insurance for over Rs 3,900 crore through an open market transaction.
About SBI Life Insurance:
It is a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif. At the end of FY21, SBI held a 55.2 percent stake in the SBI Life Insurance, while BNP Paribas held 0.2 percent.
Establishment – October 2000
Headquarters – Mumbai, Maharashtra
Chairman – Dinesh Kumar Khara
MD & CEO – Mahesh Kumar Sharma
Tagline – With us, You’re sure
About Carlyle Group:
Establishment – 1987
Headquarters – Washington, D.C., United States
Chief Executive Officer – Kewsong Lee

Ujjwala Singhania appointed as 38th National President 2021-22 of FICCI FLO

Ujjwala Singhania was appointed as the 38th National President 2021-22 of FLO (FICCI Ladies Organisation). She succeeds Jahnabi Phookan who served as the 37th National President for the year 2020-21. Ujjwala Singhania took over as President of FLO at the FLO’s 37th Annual Session in the presence of Union Ministers Smriti Irani, Narendra Singh Tomar & Dr Jitendra Singh. She is the Director of JK International, a firm that invests through private equity and venture capital. She is also a Director at General Data Private Limited.
About Federation of Indian Chamber of Commerce & Industry (FICCI)
President – Uday Shankar
Head Office – New Delhi

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