Current Affairs

19 February, 2021

International

India recorded $1422 mn FDI inflow from UK in 2019-20; Maharashtra Tops

i.In accordance with the Grant Thornton Bharat’s Britain Meets India report, the Foreign Direct Investment (FDI) inflow from the UK to India has increased from $898 million in 2015- 16 to $1,422 million in 2019-20.
ii.The report is prepared in collaboration with the Confederation of Indian Industry (CII) and with the support of the UK’s Department of International Trade
iii.It should be noted that Maharashtra is the top investment destination for UK companies, followed by Haryana, Delhi, Tamil Nadu, Telangana and Karnataka.
About United Kingdom (UK):
Capital– London
Currency– Pound sterling
Prime Minister– Alexander Boris de Pfeffel Johnson

National

Essar Oil and Gas signs MoU with Indian School of Mines

Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s leading Coal Bed Methane (CBM) gas producer has signed a Memorandum of Understanding (MoU) with IIT (Indian School of Mines-ISM), Dhanbad (Jharkhand) for collaboration. Through this MoU both entities will work together on research and development of various advanced Coal Bed Methane (CBM) technological innovations. EOGEPL is an investee company of Ruia-family owned Essar Global Fund Ltd (EGFL) producing over 1 million standard cubic meters per day of gas.
About Essar Oil and Gas Exploration and Production Ltd (EOGEPL):
Chief Executive Officer (CEO)– Santosh Chandra
Headquarter– Mumbai, Maharshtra

M Inaugurates & Lays Foundation Stone of Key Projects of Oil & Gas sector in TN

Prime Minister (PM) Narendra Modi virtually Inaugurated & Laid Foundation Stone for several key projects related to Oil & Gas Sector in Tamil Nadu (TN).
The projects are Inauguration of 143 Km Long Ramanathapuram-Thoothukudi section of Natural Gas Pipeline. Inauguration of Gasoline Desulphurisation unit at Chennai Petroleum Corporation Limited, Manali, Chennai. Laid Foundation stone of Cauvery Basin Refinery at Nagapattinam
About Tamil Nadu:
Stadium – M.A. Chidambaram Stadium, Chennai (Cricket)
Forts – Gingee Fort, Vellore Fort, Fort St. George in Chennai

PM Narendra Modi Virtually addressed 29th NASSCOM Technology and Leadership Forum 2021

i.A three-day 29th NASSCOM Technology and Leadership Forum (NTLF) 2021 is being held virtually on the theme “Shaping the future towards a better normal”. It is organized by NASSCOM with Maharashtra Government as a state partner and Microsoft as Technology Partner. NASSCOM stands for National Association of Software and Service Companies.
ii.On February 17, 2021, the forum was virtually addressed by Prime Minister (PM) Narendra Modi.
iii.It is being attended by 1600 participants from over 30 countries and more than 30 products.
About NASSCOM:
President– Debjani Ghosh
Headquarter– Noida, Uttar Pradesh.

PM Narendra Modi Virtually addressed 29th NASSCOM Technology and Leadership Forum 2021

i.A three-day 29th NASSCOM Technology and Leadership Forum (NTLF) 2021 is being held virtually on the theme “Shaping the future towards a better normal”. It is organized by NASSCOM with Maharashtra Government as a state partner and Microsoft as Technology Partner. NASSCOM stands for National Association of Software and Service Companies.
ii.On February 17, 2021, the forum was virtually addressed by Prime Minister (PM) Narendra Modi.
iii.It is being attended by 1600 participants from over 30 countries and more than 30 products.
About NASSCOM:
President– Debjani Ghosh
Headquarter– Noida, Uttar Pradesh.

Economy

Piramal Group Gets RBI nod to Acquire DHFL

i.The Reserve Bank of India (RBI) has given approval to the Dewan Housing Finance Corporation(DHFL) resolution plan from Piramal Capital and Housing Finance (PCHFL), a company of Piramal group that was submitted by the Committee of Creditors(CoC).
ii.The resolution plan is to revive the debt-ridden DHFL.
iii.This approval paves way for Piramal group to acquire DHFL.
iv.After RBI’s Approval, Piramal Group has to seek approval from The National Company Law Tribunal (NCLT) to acquire DHFL.
About Piramal Group:
Chairman– Ajay Piramal
Head Office– Mumbai, Maharashtra

RBI issues Master Directions for Housing Finance Companies

i.The Reserve Bank of India (RBI) has issued “Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021” in exercise of the powers conferred under sections 45L and 45MA of the Reserve Bank of India Act, 1934 and Sections 30, 30A, 32 and 33 of the National Housing Bank Act, 1987.
ii.These directions are come into force with immediate effect.
iii.These are applicable to every Housing Finance Company (HFC) registered under Section 29 A of the NHB Act, 1987.
About Reserve Bank of India (RBI):
Formation– 1 April 1935
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)

Google Partners with EIF, Inter-American Development Bank & Kiva to Invest $75 million in COVID-19 Hit Small Businesses

i.Google has partnered with European Investment Fund (EIF), Inter-American Development Bank(IDB) and Kiva, an organisation that crowdfunds loans to unlock capital for the underserved around the world to invest $75 million(about Rs. 545 crore) to small and medium-sized companies outside U.S who are suffering from the impact of COVID-19.
ii.The funds are part of $800 million (about Rs. 5,820 crores)commitment announced by Google in March 2020 to support small businesses in response to COVID-19 pandemic.
iii.Google also plans to invest $15 million in India to support the small and micro enterprises across the country.
About Google:
Headquarters– California, United States
CEO– Sundar Pichai
About European Investment Fund(EIF):
Chief Executive– Alain Godard
Headquarters– Luxembourg

Sports

Manika Batra wins National Table Tennis Title

In sports current affairs, Manika Batra has won the 82nd Senior National Table Tennis Championship. She beaten Reeth Rishya by 8-11, 10-12, 11-1, 11-9, 11-5, 11-6 at the Tau Devi Lal Sports Complex in Panchkula.

Miscellaneous

Labour Minister Santosh Gangwar Launched Software Applications for 5 Pan-India Surveys

i.Santosh Kumar Gangwar, Minister of State (Independent Charge(IC)) of Labour and Employment launched the software application for 5 pan-India surveys which are being conducted by the Labour Bureau.
ii.He also released the instruction manuals with questionnaires for these 5 surveys.
iii.The 5 pan India surveys are, All-India Survey on Domestic Workers (DW) All-India Survey on migrant workers. All-India survey on employment generated by professionals. All-India Survey on employment generated in the Transport Sector. All-India Quarterly Establishment based Employment Survey
About Ministry of Labour and Employment:
Minister of State (IC)- Santosh Kumar Gangwar (constituency – Bareilly, Uttar Pradesh)

Usha Rao-Monari of India Appointed as Under-Secretary-General and Associate Administrator of UNDP

i.António Guterres, United Nations Secretary-General appointed Ms. Usha Rao-Monari of India as Under-Secretary-General and Associate Administrator of the United Nations Development Programme (UNDP).
ii.She succeeds Mourad Wahba of Egypt, who served as the acting associate administrator. He also serves as the UNDP Regional Director for Arab States.
iii.The previous Associate Administrator of UNDP was Tegegnework Gettu.
About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, USA

WCCB received Asia Environmental Enforcement Award 2020 from UNEP

i.The Wildlife Crime Control Bureau (WCCB), under the Ministry of Environment, Forests and Climate Change(MoEF&CC), Government of India was selected as one of the winners of the 5th Asia Environmental Enforcement Award, 2020 by the United Nations Environment Programme(UNEP). WCCB has won the award under the Innovation category.
ii.WCCB was selected as a winner for its contribution against transboundary environmental crime.
iii.This is the 2nd time for WCCB to win the award in the same category.
iv.WCCB’s initiated an operation WILDNET-II to warn off the potential traders and bring in the offenders.

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