Current Affairs

2 January, 2021

International

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National

96th Edition of Tansen Sangeet Samaroh, Annual Music Festival Hosted in Gwalior, MP;Pt Satish Vyas won Tansen Samman 2020

The 5 day Tansen Sangeet Samaroh 2020, 96th edition of the annual music festival organized to pay tribute to the Great Indian Musical Maestro Tansen was held in Behat Village, Gwalior, Madhya Pradesh(MP) from 26th December to 30th December 2020. The festival was organised near the tomb of Tansen.
The event was jointly organised by Ustad Alauddin Khan Kala Evam Sangeet Academy and Department of Culture, Government of Madhya Pradesh.
Tansen award:
Pt Satish Vyas conferred with prestigious Tansen Samman 2020. Tansen award is provided,which carries sum Rs. 1,00,000.The award is given for Hindustani Music.
Tansen Sangeet Samaroh 2020:
i.The 7 programmes of the Tansen Sangeet Samaroh 2020 were held at the tomb of Tansen and the tomb premises of Mohammed Gaus.
ii.The final event took place on the banks of Jhilmil River in Behat, the birthplace of Tansen.
iii.The events features artists like Pandit Rajan Mishra and Sajan Mishra, Abdul Hameed Khan and Abdul Majeed Khan, Sanjay Kumar Malik and Madhu Bhatt Tailang
iv.The Department of Culture has uploaded the programmes of the festival on its Youtube channel and facebook page.

ICG signs MoU with 7 Asian Countries for Cooperation in Maritime Search and Rescue Operations

Indian Coast Guard (ICG) has signed a Memorandum of Understanding (MoU) with 7 Asian Countries – Japan, Philippines, Thailand, Myanmar, Sri Lanka, Indonesia & Vietnam for cooperation in Maritime Search and Rescue (M-SAR) Operations.
i.ICG is conducting Maritime Exercises & Training Activities regularly with these countries.
ii.India is a signatory to the International Convention on Maritime Search and Rescue (SAR), 1979 ratified in May, 2001.
iii.The SAR has been established in India and is controlled & coordinated by ICG, through 3Maritime Rescue Coordination Centers at Mumbai, Chennai & Port Blair.
iv.SAR communication check exercises are also conducted with Maritime Rescue Coordination Centre (MRCC) of Japan, Philippines, Thailand, Myanmar, Sri Lanka, Indonesia & Vietnam.
v.ICG-Karnataka held a 2-day workshop on Regional Search & Rescue Exercise from December 29-30, 2020.
About Indian Coast Guard (ICG):
Director General– Krishnaswamy Natarajan
Motto-“Vayam Rakshamah” meaning “We Protect”
Headquarter– New Delhi

Economy

RBI Releases Report on Trend and Progress of Banking in India 2019-20

i.Reserve Bank of India (RBI) has released “Report on Trend and Progress of Banking in India 2019-20” under broad theme of impact of COVID-19 on banking and non-banking sectors, and the way forward. This report for the year ended June 30, 2020 has been submitted to the Central Government in terms of Section 36(2) of the Banking Regulation Act, 1949.
ii.The report presented the performance of the banking sector, including co-operative banks, and non-banking financial companies (NBFCs) during 2019-20.
iii.The Gross non-performing assets (GNPA) ratio of banks declined from 9.1% of total assets at end-March 2019 to 8.2% at end-March 2020 and further to 7.5% at end-September.
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)

Sports

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Miscellaneous

Skyroot Aerospace becomes 1st Indian Company to Successfully Test Fire Solid-Fueled Rocket Engine ‘Kalam-5’

Skyroot Aerospace, an Indian Space Startup successfully test fired a solid propulsion rocket engine named ‘Kalam-5’ from an Private Test Facility at Nagpur, Maharashtra. It is the 1st Private company of India to successfully design, develop & test a full solid-fueled rocket stage.
i.It will now be used for propulsion of their maiden rocket ‘Vikram-1’ which is expected to be launched in December, 2021 with the help of Indian Space Research Organization (ISRO).
ii.‘Kalam-5’ is the 1st of 5 Kalam series of solid rocket motors, the other four rocket motors are expected to be tested in 2021.
Kalam-5:
i.They have a thrust ranging from 5 kN (kilonewton) – 1000 kN (approximately 100 Tons).
ii.They have been using advanced Carbon Composite Structure which are five-times lighter than steel & will help in improving the efficiency of the rocket.
iii.Kalam-5 is the smaller version of Vikram-1 Launch Vehicle’s 3rd stage – ‘Kalam-100’.
About Skyroot Aerospace:
Co-Founder, CEO & CTO– Pawan Kumar Chandana
Co-Founder & COO– Naga Bharath Daka
Headquarters– Hyderabad, Telangana

DRDO, Indian Navy successfully Conduct MaidenTrial of 1st Indigenous Air-Droppable Container ‘SAHAYAK-NG’

Defence Research & Development Organisation (DRDO) & Indian Navysuccessfully conducted the maiden trial of ‘SAHAYAK-NG’ which is India’s 1st indigenously designed and developed Air Droppable Container. It was dropped from IL 38SD aircraft of the Indian Navy at Goa.
i.2 DRDO Laboratories – Naval Science & Technological Laboratory (NSTL), Visakhapatnam, Andhra Pradesh & Aerial Delivery Research & Development Establishment (ARDE), Agra, Uttar Pradesh developed SAHAYAK-NG, Private company Avantel was also involved in the project for GPS (Global Positioning System) Integration.
ii.SAHAYAK-NG is an advanced version of SAHAYAK-Mk I and is aided by GPS.
iii.It is capable of carrying payloads of upto 50 Kgs
iv.It will provide critical engineering stores to ships which are deployed more than 2000 kmsfrom the Indian coast.
Indian Army receives Bridges developed by DRDO and L&T:
On December 30, 2020 Indian Army received 3 sets of 10-metre short span bridges developed & manufactured by DRDO in partnership with Larsen & Toubro Ltd (L&T).
About Defence Research & Development Organisation (DRDO):
Chairman – Dr G Satheesh Reddy
Headquarters – New Delhi

IDBI Bank to Sell 23% Stake in IFLI to Ageas Insurance International NV;IFLI renamed as Ageas Federal Life Insurance Company Ltd

IDBI Bank has entered into the final stage of selling the 23% stake in IDBI Federal Life Insurance Company Limited (IFLI) to Ageas Insurance International NV for a consideration ofRs 507 crore.Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Ltd.The deal is expected to be completed by December 31, 2020.

ACC Approves 1 year extension of ISRO Chairman K Sivan As Space Secretary and Space Commission Chairman

i.The Appointments Committee of the Cabinet(ACC) approved a 1 year extension of Kailasavadivoo(K) Sivan, Secretary of Department of Space, Govt of India and Chairman of space commission from January 14, 2021, i.e. upto January 14, 2022 or until further orders, whichever is earlier.
ii.He is currently the chairman of Indian Space Research Organisation(ISRO).
About Indian Space Research Organisation(ISRO):
Chairman– Kailasavadivoo (K) Sivan
Department of Space and ISRO Headquarters– Bengaluru, Karnataka

Vinod Kumar Yadav, Chairman & CEO, Railway Board Received the “Eminent Engineer Award” 2020 from IET

Vinod Kumar Yadav, Chairman & CEO of the Railway Board, Ministry of Railways received the “Eminent Engineer Award for the year 2020”for his contribution towards modernisation and reforms in Indian Railways. The award was presented by The Institution of Engineering and Technology (IET).
About “Eminent Engineer Award”:
i.The Eminent Engineer Award is presented to the distinguished engineering personalities recognising their service in the field of Engineering and technology.
ii.The award is annually presented by the Institution of Engineering and Technology (IET) on the occasion of Engineers Day – 15th September, which is celebrated to commemorate the birth anniversary of Bharat Ratna Sir Mokshagundam Visvesvaraya
About Vinod Kumar Yadav:
i.Vinod Kumar Yadav (V.K Yadav), of 1980 Batch Indian Railway Service of Electrical Engineer was appointed as the Chairman of the Railway Board in December 2018.
ii.He became the first ever CEO of the Railway board which was formally constituted by the Central Government in September 2020.
iii.Previously he has served as the General Manager of the South Central Railway(SCR).
About Institution of Engineering and Technology (IET):
IET is formally known as The Institution of Electrical Engineers (IEE). This is one of the world’s largest engineering institutions with more than 168,000 members in 150 countries.
Established in – 1871
Head Office– Stevenage, United Kingdom

President of India, Ram Nath Kovind Confers 6th Digital India Awards 2020

i.President of India, Ram Nath Kovind conferred 6th Digital India Awards(DIA) 2020 through video conferencing in a virtual awards ceremony. 24 digital governance initiatives/ products by Government entities under 7 categories received Digital India Awards 2020.
ii.The National Informatics Centre(NIC) under the Ministry of Electronics & Information Technology (MeitY) organized the awards online. It is abiennial award.
iii.New 2 categories have been introduced namely, Innovation in Pandemic category and Exemplary Product category in DIA 2020.
Highlights of the Awards:
i.The Department of Post won the gold icon award in the category, ‘Excellence in Digital Governance Ministry/Department (Central)’.
ii.Aapda Sampoorti Portal of Bihar govt won silver icon award in the category, ‘Innovation in Pandemic’.
iii. E-Committee Supreme Court of India, Department of Justice won Platinum award in the category ‘Excellence in Digital Governance Ministry/Department (Central)’ for the E-Courts project.
iv.Haryana wins Platinum icon award in the category of Excellence in Digital Governance State/UT.
v.The Food and Civil supplies department of Uttar Pradesh has won the Silver icon award in the category of Excellence in Digital Governance State/UT.

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