Current Affairs

14 January, 2021


4th One Planet Summit (OPS) 2021 held Virtually to Protect Biodiversity; Key Initiatives Launched

i.4th edition of One Planet Summit (OPS) 2021 was virtually organized by France, the United Nations (UN) and the World Bank from Paris (France) to prepare negotiations for setting global biodiversity targets in order to protect nature in next decade.The theme of the summit is “Let’s act together for nature!”.
ii.These negotiations will be utilized at a UN conference on biodiversity to be held in China in October 2021. It was postponed in 2020 due to COVID-19.
iii.The event was opened by Secretary-General of the UN Antonio Manuel de Oliveira Guterres, French President Emmanuel Macron, and President of the World Bank Group David Malpass.
iv.The summit was not attended by India, Brazil, Russia, and the United States (US).
v.Notably, the US President-elect Joe Biden is a strong proponent of climate issues as he pledged to preserve 30% of American lands and waters by 2030. But the leader behind the absence of US leaders is that he does not take office until January 20, 2021.
About France:
Capital– Paris
Currencies-Euro, CFP franc
About World Bank:
Headquarters– Washington, D.C., United States


India becomes 2nd Largest Manufacturer of PPE Kits & Suits

Union Minister for Textiles, Smriti Irani has stated that India has become the 2nd Largest Manufacturer of Personal Protective Equipment (PPE) Kits & Suits, China is the leading manufacturer. India has achieved the feat in a record 3 months’ time during the lockdown caused by Pandemic in March 2020.

Flipkart, NITI Aayog Partnered to launch revamped Women Entrepreneurship Platform

As part of the efforts to enhance community experience for women entrepreneurs in India, Flipkart & NITI Aayog have collaborated to launch the updated Women Entrepreneurship Platform (WEP). WEP is a first of its kind, unified access portal launched by NITI Aayog in 2017 to support Women Entrepreneurs.
i.The revamped platform has multiple regional language support, allows interaction with women, fellow women entrepreneurs and mentors and a Question and Answer Portal.
ii.The community on WEP platform will connect women entrepreneurs who seek clarification on GST, funding, effects of the pandemic & progression of already established businesses.
iii.Through the platform, mentorship is also being offered to women mentees through a dedicated online mechanism being provided by FICCI-FLO’s under Empowering the Greater 50% campaign.
Women Entrepreneurship Platform (WEP):
i.Initiated by NITI Aayog’s Chief Executive Officer (CEO), Amitabh Kant during the 8th Global Entrepreneurship Summit (GES) at Hyderabad, Telangana. It aims to provide free credit ratings, mentorship, funding support to women entrepreneurs, apprenticeship & corporate partnerships.
About Flipkart:
CEO – Kalyan Krishnamurthy
Headquarters – Bengaluru, Karnataka
About NITI Aayog:
CEO – Amitabh Kant
Headquarters – New Delhi

Airtel Signed MoU with NSIC for Digital Transformation of MSMEs under NSIC’s ICT Enabled Digital Services

i.Bharti Airtel signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) for the digital transformation of Micro, Small, and Medium Enterprises (MSMEs) in order to achieve the goal of “Atma Nirbhar Bharat”.
ii.With this MSMEs will be served with business automation and connectivity needs viz. data/voice connectivity, marketing solutions, cloud security and collaboration.
iii.It was signed by Pechimuthu Udayakumar, Director (Planning & Marketing), NSIC with Divya Sethi, Head – Emerging Business, Bharti Airtel.
iv.It should be noted that the MoU was signed under the NSIC’s ICT (Information and Communications Technology) Enabled Digital Services. Under this assistance, NSIC aggregates services of various technology providers as per the needs of MSME.
About National Small Industries Corporation (NSIC)
It is an ISO 9001:2015 certified Government of India Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME).
Establishment– 1955
Chairman-Cum-Managing Director (CMD)– Vijayendra
Headquarter– New Delhi
About Bharti Airtel:
Chairman– Sunil Bharti Mittal
Headquarter– New Delhi


RBI cancels Licence of Vasantdada Nagari Sahakari Bank, Osmanabad (Maharashtra)

i.The Reserve Bank of India (RBI) cancelled the licence of Osmanabad (Maharashtra)-based Vasantdada Nagari Sahakari Bank carry on banking business with immediate effect under Section 22(1) read with Section 56 of Banking Regulation (BR) Act, 1949.
ii.The banking business includes acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949.
iii.The bank has failed to comply with the requirements of Section 11(1) read with Section 56 of Banking Regulation (BR) Act, 1949 and Section 22(3) (a), 22(3) (b), 22(3) (c), 22(3) (d) and 22(3) (e) of BR Act.
About Deposit Insurance and Credit Guarantee Corporation:
Establishment– 1978
Chairman– Michael Debabrata Patra (Deputy Governor, RBI)
Headquarter– Mumbai, Maharashtra
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Establishment – 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)


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CCI Approves Acquisitions of Adani Green Energy Ltd, Ecom Express Private Limited & 100% Acquisition of Virtusa Corporation

The Competition Commission of India (CCI) has approved the following acquisition:
i.Total SE Acquires Minority Stake in Adani Green Energy Through Total Renewables SAS.
ii.PG Esmeralda Pte. Ltd Acquires Stake in Ecom Express Private Ltd
iii.Baring Private Equity Asia (BPEA), Atago Investment Pte Ltd. (GIC Investor) and CPP Investment Board Private Holdings Inc. (CPPIB Investor) Acquires 100% Equity Interest and Joint Control in Virtusa Corporation.
iv.BPEA will acquire Virtusa through Austin HoldCo.

Indian Student among Winners of NASA app Development Challenge

Aryan Jain, a high school student Gurugram is part of the 6-member winning team of National Aeronautics & Space Administration’s (NASA) Artemis Next-Gen STEM – Moon to Mars App Development Challenge. The challenge was to develop an app to visualize the Lunar South Pole to assist in mission planning and exploration activities. The main aim of the NASA Artemis Mission is to land the first woman and next man on the Moon by 2024.

Ministry of Power, BEE organize the 30th National Energy Conservation Awards 2020

The Ministry of Power in association with the Bureau of Energy Efficiency (BEE) organized the 30th National Energy Conservation Awards 2020 (NECA 2020). R.K. Singh, Minister of State (Independent Charge) for Power and New & Renewable Energy was the Chief Guest of the event.
i.Around 57 units from 5 sectors (Industry, Transport, Building, Institution & Appliance) were awarded for their energy conservation & energy efficiency efforts.
ii.Around 409 units participated in NECA 2020, they have together saved 3, 007 Million units & substantial thermal energy savings resulting in savings of INR 1, 503 Crores.
iii.During the event,
About Ministry of Power:
Minister of State (Independent Charge) – RK Singh
About Bureau of Energy Efficiency (BEE):
Director General- Abhay Bakre
Headquarters- New Delhi

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