Current Affairs

17 April, 2021

International

Facebook Initiates Renewable Energy Purchase Agreement in India

Facebook made an agreement to buy renewable energy in India, the company’s first deal in South Asian nations.It will purchase from a 32-megawatt wind power project, located in Karnataka.
i.Facebook and Mumbai-based CleanMax joined hands on for supplying renewable power into India’s electrical grid.The projects will be owned by CleanMax and Facebook will acquire the power off the grid using environmental attribute certificates, or carbon credits.
iii. According to the information provided by International Energy Agency, Data centers driving tech companies like Facebook consumes as much as 1% of the world’s total energy.
Similar projects by Facebook In Singapore– Facebook has initiated similar kinds of partnerships with energy providers in Singapore such as Sunseap Group, Terrenus Energy and Sembcorp Industries that can produce 160 MW of solar power.
iv.The electricity produced from these plants will power Facebook’s first Asian data centre that is set to start operations in 2022.

US President Joe Biden Nominated Bill Nelson To Serve As Next NASA Administrator

United States (US) President, Joe Biden had nominated former Astronaut, Bill Nelson to serve as next Administrator of National Aeronautics and Space Administration (NASA). In May 2019, he was appointed to the NASA Advisory Council by former Administrator Jim Bridenstine. He was elected to the US Senate three consecutive times from 2001 to 2019.

National

INS Sarvekshak conducts Hydrographic Surveys in Mauritius

Indian Naval Ship (INS) Sarvekshak, a hydrographic survey ship, is deployed in Mauritius for conducting Hydrographic surveys. The ship carried out deep sea surveys in the coast of Port Louis. Facilities of Ship – Deep Sea Multi-Beam Echo Sounder, Side Scan Sonars and a fully automated digital surveying & processing system. Previously, the ship has conducted surveys under foreign cooperation in Mauritius, Seychelles, Tanzania and Kenya.

Overview of French Minister Jean-Yves Le Drian’s visit to India

Mr Jean-Yvesh Le Drian, Minister for Europe and Foreign Affairs France paid an official visit to India from April 13-15, 2021.
i.During the visit, Mr Le Drian held a meeting with the External Affairs Minister (EAM) of India Dr Subrahmanyam Jaishankar. Participated in a panel discussion on Climate Change with Prakash Javadekar, Union Minister of MoEFCC. Participated in Raisina Dialogue 2021 hosted by the Observer Research Foundation (ORF) in partnership with the Ministry of External Affairs.
About France:
President – Emmanuel Macron
Capital – Paris
Currency – Euro, CFP franc

CSC Tie Up with Tata Power to Set Up Solar-powered Micro Grids and Water Pumps

The Common Services Center (CSC), the government’s e-governance services arm made a partnership with Tata Power to set up solar-powered microgrids and water pumps in rural areas across the country.
About the partnership in brief:
Objective: To provide clean and sustainable energy to households and businesses in rural areas.
About CSC and its structure:
It is an Information and Communication Technologies(ICT) enabled front end service delivery point, formed under the National e-Governance Plan (NeGP), in May 2006 to offer web-enabled e-governance services for G2C (government-to-citizen) and other B2C (business-to-citizen).
Managing Director of CSC- Dinesh Tyagi

Hardeep Singh Puri launches EatSmart Cities Challenge & Transport4All Challenge

Hardeep S Puri, Minister of State (Independent Charge) for Housing & Urban Affairs virtually launched 2 Challenges during an online event. They are EatSmart Cities Challenge & Transport 4 All Challenge (T4All). All Smart Cities, capital cities of States/UTs and cities with a population of more than 5 Lakh are eligible to take part in the 2 challenges.
About Ministry of Housing & Urban Affairs (MoHUA):
Minister of State (Independent Charge) – Hardeep Singh Puri (Rajya Sabha, Uttar Pradesh)

Economy

SBI General Insurance signed a Corporate Agency Agreement with UBKGB

SBI General Insurance has signed a Corporate Agency Agreement with Uttarbanga Kshetriya Gramin Bank(UBKGB) to retail its insurance products.
Purpose of the agreement:
Through this agreement, SBI General Insurance’s products will be distributed in West Bengal through UBKGB. SBI General Insurance will offer a comprehensive range of general insurance products and through which the UBKGB will offer them to its customers UBKGB has 142 branches in West Bengal.
About Uttarbanga Kshetriya Gramin Bank (UBKGB)
Establishment – 1977
Headquarters – West Bengal
Chairman – D. S. Rathour
About SBI General Insurance:
MD & CEO – Prakash Chandra Kandpal
Headquarters – Mumbai, Maharashtra
Tagline – Suraksha aur Bharosa dono

ETMONEY launched India’s first Aadhaar-based SIP payment

ETMONEY launched India’s first Aadhaar-based Systematic Investment Plan(SIP) payments feature. This feature will enable anyone to start a SIP online and make automatic payments using a simple Aadhaar based One-Time Password (OTP) verification.
About the Aadhaar based SIP payment feature:
Objective: To make investments more seamless and accessible to the widest section of Indian society.
About ETMONEY:
Establishment – 2015
Head office – Gurugram, Haryana
Founder & CEO – Mukesh Kalra

Citi bank to withdraw consumer banking business in India

The multinational investment bank, Citi bank headquartered in New York has announced to exit its consumer banking operations in India.
About Citi Bank:
It was founded in 1812 as a city bank of New York, USA. It is the 1st National city bank of New York
Chief Executive Officer(CEO): Jane Fraser
Headquarters: New York, USA
About Citi bank India:
Head quarters: Mumbai, Maharashtra
CEO, Citi India and Regional Head for South Asia: Ashu Khullar
Establishment: 1902

Facebook made an agreement to buy renewable energy in India, the company’s first deal in South Asian nations.It will purchase from a 32-megawatt wind power project, located in Karnataka. i.Facebook and Mumbai-based CleanMax joined hands on for supplying renewable power into India’s electrical grid.The projects will be owned by CleanMax and Facebook will acquire the power off the grid using environmental attribute certificates, or carbon credits. iii. According to the information provided by International Energy Agency, Data centers driving tech companies like Facebook consumes as much as 1% of the world’s total energy. Similar projects by Facebook In Singapore– Facebook has initiated similar kinds of partnerships with energy providers in Singapore such as Sunseap Group, Terrenus Energy and Sembcorp Industries that can produce 160 MW of solar power. iv.The electricity produced from these plants will power Facebook’s first Asian data centre that is set to start operations in 2022.

RBI has formed the second Regulations Review Authority (RRA) named RRA 2.0 to Streamline its Regulations and Reduce Compliance.
Background:
RBI has set up the first RRA for one year i.e. from April 1, 1999, to April 1, 2000, in order to review the regulations, circulars, reporting systems of RBI based on the feedback from the public, banks and financial institutions.
Y.V. Reddy, the Deputy Governor of that time has been appointed as the first head of RRA.
About Reserve Bank of India(RBI):
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeshwar Rao

Sports

ICC bans Former Zimbabwe captain Heath Streak for 8 years; Babar Azam – ICC No.1 ODI batsman

The International Cricket Council (ICC) banned former Zimbabwe captain Heath Streak for 8-years from all forms of cricket for breaching the ICC Anti-Corruption Code.
i.During his tenure as the coach of Zimbabwe cricket team from 2016 to 2018 he leaked the team’s internal information, mainly during the 2018 Tri-Series between Zimbabwe, Bangladesh, and Sri Lanka.
ICC Men’s ODI Ranking:
i.Pakistan ODI captain, Babar Azam, replaced Indian Captain Virat Kohli to become the ICC Men’s No.1 ODI Batsman.
ii.With 865 points, Babar Azam is 8 points ahead of Virat Kohli.
iii.Virat Kohli dominated in the ODI standings continuously for 1,258 days.
About International Cricket Council (ICC):
CEO– Manu Sawhney
Chairman- Greg Barclay
Headquarters– Dubai, UAE

Kapil Dev, Sachin Tendulkar & Virat Kohli featured in Wisden Almanck’s ODI Cricketer of the Decade list

Famous Cricketing Magazine, Wisden Cricketers’ Almanack, has named 5 best cricketers for each decade, starting from 1970’s to 2010’s to commemorate the 50th anniversary of the 1st One-Day International (ODI) match.
i.The list featured 3 Indian cricketers – Kapil Dev, Sachin Tendulkar & Virat Kohli.
ii.Apart from them, England all-rounder Ben Stokes was declared the ‘Cricketer of the Year’ for a 2nd successive time.
Note – 1st ever ODI match was played between Australia & England at the Melbourne Cricket Ground on 5 January 1971.
About Wisden Cricketers’ Almanack:
Wisden Cricketers’ Almanack popularly known as the “Bible of Cricket” is an annual publication founded in 1864.
Origin- London, England

Miscellaneous

Bharti Airtel’s Nettle Infrastructure Investment acquires 100% stake in OneWeb India

Nettle Infrastructure Investments, a wholly-owned subsidiary of Bharti Airtel has acquired 100% stake (10, 000 shares) in OneWeb India Communications Pvt Ltd. It is an all-cash deal for an undisclosed sum. Launched in February 2020, OneWeb is a Low Earth Orbit (LEO) satellite communications operator, co-owned by Bharti Global and the UK Government. UK-based Network Access Associates Ltd, a OneWeb group company is seeking FDI approval for investment in OneWeb India Communications Private Ltd. OneWeb is aiming to launch fast broadband services in India by June 2022.
About Bharti Airtel
Chairman – Sunil Bharti Mittal
Headquarters – New Delhi
About One Web
CEO – Neil Masterson
Executive Chairman – Sunil Bharti Mittal
Headquarters – London, United Kingdom

Indian Origin Businessman Yusuffali MA along with 11 other individuals were awarded with “Abu Dhabi Award” UAE’s top Civilian Award during the 10th edition of Abu Dhabi Awards held at Abu Dhabi, UAE. Yusuffali MA is the Chairman & Managing Director of Abu Dhabi-based LuLu Group that operates a chain of hypermarkets & retail companies.

Tecno, global smartphone brand has appointed Bollywood actor Ayushmann Khurrana as its Indian Brand ambassador. The 2021 initiative of Tecno aims to push the envelope of technology democratisation with innovation, new age smartphones. He will be spearheading the new Tecno Spark 7 campaign launched in India on 9th April 2021. He will feature in the campaigns across Spark, Pova, Camon smartphone series.
Ayushmann Khurrana:
In September 2020, Ayushmann Khurrana was appointed as United Nations Children’s Fund(UNICEF)’s advocate for the Children’s Rights Campaign “For Every Child”.
About Tecno Mobile – India:
CEO– Arijeet Talapatra
Headquarters- Noida, Uttar Pradesh

Indian Origin Businessman Yusuffali MA honoured with UAE’s Top Civilian Award

Indian Origin Businessman Yusuffali MA along with 11 other individuals were awarded with “Abu Dhabi Award” UAE’s top Civilian Award during the 10th edition of Abu Dhabi Awards held at Abu Dhabi, UAE. Yusuffali MA is the Chairman & Managing Director of Abu Dhabi-based LuLu Group that operates a chain of hypermarkets & retail companies.

Suman Chakraborty to get GD Birla Award for Scientific Research

Indian Institute of Technology (IIT), Kharagpur’s Professor Suman Chakraborty has been selected for the 30th GD Birla Award for Scientific Research for his outstanding contribution to engineering science and its applications in developing technologies for affordable healthcare. This award was Instituted in 1991 by KK Birla Foundation to recognise eminent Indian scientists below the age of 50 for their outstanding contributions in the field of science or technology with a cash prize of ₹5 lakh.

Suman Chakraborty to get GD Birla Award for Scientific Research

Indian Institute of Technology (IIT), Kharagpur’s Professor Suman Chakraborty has been selected for the 30th GD Birla Award for Scientific Research for his outstanding contribution to engineering science and its applications in developing technologies for affordable healthcare. This award was Instituted in 1991 by KK Birla Foundation to recognise eminent Indian scientists below the age of 50 for their outstanding contributions in the field of science or technology with a cash prize of ₹5 lakh.

Birla Cellulose Limited Won the UN’s National Innovative and Sustainable Supply Chain Award

i. Birla Cellulose Limited, largest global man made cellulosic fibre producer, a part of the Aditya Birla Group won the first edition of National Innovative and Sustainable Supply Chain Award presented by the Global Compact Network India (GCNI), the Indian Local Network of the United Nations Global Compact (UNGC).
ii.In January 2021, The National Innovative and Sustainable Supply Chain Award was launched by GCNI in partnership with Accenture (Knowledge Partner), ICCo (Sustainability Partner0 and FM Logistic India (Presentation Partner).
About Global Compact Network India (GCNI):
Executive Director- Shabnam Siddiqui
Head Office- New Delhi

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