Current Affairs

22 January, 2021

International

India Ranked 4th in Global Firepower ‘2021 Military Strength Ranking’, USA Tops

i.In the ‘2021 Military Strength Ranking’ an annually updated list of 138 modern military nations by a defence analytics website Global Firepower, India is ranked 4th with PwrIndx (Power Index) rating of 0.1214 where 0.0000 rating is considered as ‘perfect’.
ii.The ranking has been topped by the United States of America (USA).
iii.Among region the index is topped by Asia and followed by Asia-Pacific, Middle East and European Union (EU) at 2nd, 3rd, and 4th respectively.
About Military Strength Ranking:
Since 2006, Global Firepower is providing military strength ranking on the basis of over 50 individual factors to determine a nation’s PowerIndex (‘PwrIndx’) score.

National

India Ranked 4th in Global Firepower ‘2021 Military Strength Ranking’, USA Tops

i.In the ‘2021 Military Strength Ranking’ an annually updated list of 138 modern military nations by a defence analytics website Global Firepower, India is ranked 4th with PwrIndx (Power Index) rating of 0.1214 where 0.0000 rating is considered as ‘perfect’.
ii.The ranking has been topped by the United States of America (USA).
iii.Among region the index is topped by Asia and followed by Asia-Pacific, Middle East and European Union (EU) at 2nd, 3rd, and 4th respectively.
About Military Strength Ranking:
Since 2006, Global Firepower is providing military strength ranking on the basis of over 50 individual factors to determine a nation’s PowerIndex (‘PwrIndx’) score.

PM Releases Financial Assistance around Rs 2691cr to 6.1 lakh beneficiaries in UP under PMAY-G

5th India-Singapore Defence Ministers Dialogue held; Implementing Agreement inked between IN & RSN

i.The 5th India-Singapore Defence Ministers Dialogue held virtually between Union Minister Rajnath Singh, Ministry of Defence on behalf of India and Dr. Ng Eng Hen, Minister for Defence, on behalf of Singapore. It was also attended by Defence Secretary of India Dr. Ajay Kumar.
ii.Both nations are satisfied with the progress in the defence cooperation across all three Services and also in the areas of defence technology and industry even during the restrictions caused by COVID 19 pandemic.
iii.The dialogue saw the signing of the Implementing Agreement on Submarine Rescue Support and Cooperation between the Indian Navy (IN) and Republic of Singapore Navy (RSN) under which both navies will extend rescue facilities to each other’s submarines in the times of distress with political permission.
About Singapore:
Prime Minister – Lee Hsien Loong
Currency – Singapore Dollar (SGD)

Power Grid Signs Agreement with Himachal Pradesh to Improve Telecom Connectivity in Hilly Areas

Power Grid Corporation of India Limited (POWERGRID) has signed an agreement with Himachal Pradesh State Electricity Board Ltd (HPSEBL) to improve telecom connectivity in the remote & hilly areas of the state such as Kangra, Una, Mandi, Kullu, Bilaspur, Sirmour, Palampur, Sundernagar, Banikhet, Amb, Paonta Sahib, Nahan and others. In regard to this agreement, POWERGRID will use the 500 Kms Long Optical Ground Wire (OPGW) laid in HPSEBL Extra High Voltage (EHV) lines of the state to boost the telecom connectivity.
About Power Grid Corporation of India Limited (POWERGRID):
It is an ‘Maharatna’ Central Public Sector Enterprise & India’s Largest Electric Power Transmission Utility
Chairman & Managing Director – K Sreekant
Headquarters – Gurgaon, Haryana

Economy

Philanthropist Ravi Gaikwad awarded “Nelson Mandela” World Humanitarian Award

Ravi Gaikwad, a Philanthropist & Chief of Regional Transport Office, Thane & Konkan Region has been awarded the “Nelson Mandela” World Humanitarian Award for his dedication & service to humanity.

Axis Bank Launched ‘AURA’, a Credit Card with Affordable Health and Wellness Benefits

i. Axis Bank launched ‘AURA’, a credit card with health and wellness benefits at an affordable price for its individual users.
ii.The features of the card is powered by Poshvine , Decathlon, Practo, Fitternity, IndushealthPlus, 1MG etc.,
Aim– To provide complete health and wellness solutions to its users.
About Axis Bank Ltd:
It is 3rd largest private sector bank in India
Commenced operations– 1994(Incorporated- 1993)
Headquarters– Mumbai, Maharashtra
Tagline– Badhti Ka naam Zindagi
Managing Director(MD) and Chief Executive Officer(CEO)– Amitabh Chaudhry

Sports

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Miscellaneous

Defence Minister Rajnath Singh Launched the Mobile App – Aero India 2021

i.Defence Minister Rajnath Singh launched the mobile application – Aero India 2021 during the Apex Committee Meeting conducted on 15th January 2021 in Bengaluru, Karnataka. The app Aero India 2021 was developed by EventEdge.
ii.This event application will provide an interactive interface to the issues related to the 13th edition of Aero India 2021, a 3 day business event which will be conducted from 3rd to 5th February 2021 in Air Force Station, Yelahanka, Bengaluru, Karnataka.
iii.The theme of the Aero India Exhibition 2021 is “Runway to a Billion Opportunities”
iv.To define the roles and responsibilities of the Aero India Exhibition 2021, the Government of Indian and the Government of Karnataka have signed a Memorandum of Understanding (MoU) during the meeting.
Ministry of Defence:
Defence Minister– Rajnath Singh
Minister of State– Shripad Yesso Naik

DPIIT launched 1st-of-its-kind Regulatory Compliance Burden Portal at Central & State Level

i.Gearing towards the minimization of regulatory compliance burden of citizens and businesses, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched a Regulatory Compliance Portal on January 1, 2021 that will act as a bridge between citizens, industries and the Government.
ii.Objective – To minimize Regulatory Compliance Burden for Businesses and Citizens.
iii.It is a first of its kind online repository of all central and state-level compliances.
iv.It should be noted that DPIIT is the nodal department for reducing compliance burden among citizens and businesses.
About Department of Promotion of Industry & Internal Trade (DPIIT):
Parent Ministry– Ministry of Commerce and Industry
Secretary– Guruprasad Mohapatra

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Daily Current Affairs | 08th March 2021

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