Current Affairs

22 September, 2021

International

3rd Edition of India-Indonesia Bilateral Maritime Exercise ‘Samudra Shakti 2021’ held in Sunda Strait

The 3rd edition of the Bilateral Maritime Exercise between the Indian and Indonesian navies named ‘Samudra Shakti’ was scheduled to be held at Sunda Strait, Indonesia from September 20 to 22, 2021.

Indian Naval Ships (INS) such as Shivalik and Kadmatt arrived at Jakarta to participate in the bilateral exercise with the Indonesian Navies of KRI (Kapal Republik Indonesia) Bung Tomo, KRI Malahayati, and Maritime Patrol and Reconnaissance Aircraft CN-235. Indian Navy’s long-range maritime reconnaissance aircraft P8I also participated in the exercise.

It is the bilateral maritime exercise formed in pursuance of India’s Act East Policy. The 1st edition of the exercise was held at the port of Surabaya, Indonesia in 2018 as a bilateral India-Indonesia exercise and the 2nd edition was held in 2019 in the Bay of Bengal.

Note – The Sunda Strait is located in between the Indonesian islands of Java and Sumatra.
About Indian Navy:
Chief of Naval Staff (CNS) – Admiral Karambir Singh
Integrated Headquarters of Ministry of Defence (Navy) – New Delhi, Delhi

India chairs the 6th BRICS YSF and BRICS tax authorities’ virtual meet

India chairs the 6th BRICS (Brazil, Russia, India, China and South Africa) Young Scientist Forum (YSF) for the year 2021.The event was hosted by the Department of Science & Technology (DST), in collaboration with the National Institute of Advanced Studies, Bengaluru (NIAS). The forum represented the four areas such as Health care, Energy, Cyber and Innovations. Sanjay Bhattacharyya of India, Secretary (CPV&OIA) & BRICS Sherpa delivered a keynote address at BRICS Young Scientist Forum. India recently chaired the 13th BRICS Summit with the theme BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.

About BRICS

Founded: June 2006
Members: Brazil, Russia, India, China and South Africa
Objective: To promote peace, security, development and cooperation.

Krishan Pal Gurjar attends 15th East Asia Summit ;Anupriya Patel attended 9th EAS-EMM

15th East Asia Summit Energy Ministers Meeting with the theme ‘We Care, We Prepare, We Prosper’ was held virtually. Minister of State for Power, Krishan Pal Gurjar attended the meet on behalf of India and provided a brief status of the Indian energy transition plans, policies, challenges and efforts towards decarbonisation. The meeting aimed at coordinating efforts of ASEAN countries in pursuing the goal of energy security and energy transition to benefit the people of the region. India confirmed that ASEAN is a region of great importance. Engagement with ASEAN has been and will remain a critical element of India’s ‘Act East’ policy and strategy.

i.India is looking forward to an early outcome on the TRIPS Waiver proposal for vaccines, therapeutics and diagnostics.
ii.Considering the encouraging trend, WTO had also revised its projection for global trade volume growth in 2021 to 8% compared to the 7% earlier.
iii.India is a part of the “Supply Chain Resilience Initiative” launched in September, 2020.
iv.To revive the global growth with trade requires strengthening the Multilateral Trading System, with WTO at its core, based on the principles of openness, fairness, transparency, inclusivity and non-discrimination.
About ASEAN
8th August of every year is observed as ASEAN day.
ASEAN Motto – One Vision,One Identity, One Community
Headquarters: Jakarta, Indonesia
Founded: In 1967, Bangkok, Thailand
Member States: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam

National

DGCA and EASA signed an Agreement for Safety, Environment protection Standards

The Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA) signed an agreement to work on an arrangement through which they will set common safety and environmental protection standards.
Objective– To promote cooperation,understanding of each other’s regulatory systems. It will also promote an exchange of aeronautical products, services and personnel.

About the Agreement

i.The manufacturing organisation has the right of access to the approved design data relevant for production purposes.
ii.The manufacturing organisation cooperates with the organisation responsible for the type design in assessing information on the design, manufacture, and operation of the aircraft engine.
About Directorate General of Civil Aviation (DGCA):
Headquarters– New Delhi, Delhi
Parent agency- Ministry of Civil Aviation
About European Union Aviation Safety Agency (EASA):
Executive Director- Patrick Ky
Headquarters– Cologne , Germany
Founded– 12 July 2002

Mansukh Mandaviya released FSSAI’s 3rd State Food Safety Index 2020-2021

i.Union Minister Mansukh Laxmanbhai Mandaviya, Ministry of Health and Family Welfare (MoHFW) released 3rd State Food Safety Index (SFSI) 2020-21 by Food Safety and Standards Authority of India (FSSAI) in New Delhi.
ii.It measures the performance of States/Union Territories (UTs) across five parameters of food safety.
iii. Gujarat was the top ranking state among larger states
iv.Goa stood first in the category of smaller states.
v.Jammu & Kashmir grabbed the topped spot among UTs.
About Ministry of Health and Family Welfare (MoHFW):
Mansukh Mandaviya Constituency– Gujarat
Minister of State (MoS)– Bharati Pravin Pawar (Constituency- Dindori, Maharashtra)

TRIFED signed with Big Basket,Purti Agrotech to promote Van Dhan Products

The Tribal Cooperative Marketing Development Federation of India Limited (TRIFED) made an Memorandum of Understanding (MoU) with e-grocery platform Big Basket and Purti Agrotech of Jharkhand for the promotion and sale of natural Van Dhan products. These two initiatives will become operational from October 2, 2021.
MoU with Big Basket
TRIFED and e-grocery platform Big Basket entered into an agreement for the promotion and sale of natural Van Dhan products through Big Basket. To promote tribal entrepreneurship, enhancing inclusive and balanced development of tribals on a whole.

Purti Agrotech collaboration
TRIFED is also collaborating with Purti Agrotech of Jharkhand for developing pearl cultivation.
Objective
i.To promote the art of growing pearls among tribal entrepreneurs and tap the potential of the market.
ii.To create a market for the unique craft and assist Purti Agrotech in developing a more professional and business-oriented enterprise.
About TRIFED
Founded: 1987
Headquarters: New Delhi
Parent agency: Ministry of Tribal Affairs
About Big Basket
Founded: 2011
Parent organization: Tata Digital Limited
Founders: Hari Menon, Vipul Parekh, VS Ramesh, VS Sudhakar, Abhinay Choudhari

Economy

YES Bank partners with Visa for Credit Cards

Yes Bank has joined hands with Visa to offer a suite of credit cards to its customers. It consists of nine credit card variants on the Visa platform covering all segments viz. consumer cards, business cards, and corporate cards across YES First, YES Premia and YES Prosperity.
Key Points:
i.The co-branded cards are featured with loyalty programs with un-expired reward points.
ii.It can also be shared or transferred to Yes bank credit card holders.
iii.Other benefits include foreign currency markup, airport lounge access and golf course privileges.
iv.Yes Bank is also set to issue Rupay branded credit cards as the technology integration with NPCI (National Payments Corporation of India) is about to complete.
About Yes Bank:
Managing Director & CEO– Prashant Kumar
Headquarter– Mumbai, Maharashtra
Tagline– Experience Our Expertise

BOB, BPCL Launched International Co-branded RuPay Debit Card

Bank of Baroda (BoB) and Bharat Petroleum Corporation Limited (BPCL) jointly launched a personalised co-branded RuPay NCMC (National Common Mobility Card) platinum international contactless debit card.

Features of the Debit card:
i.The co-branded debit card has an NCMC (National Common Mobility Card) feature to enable contactless transactions across all the public transport systems in the country (such as metros, buses, cabs, toll, parking, topping-up FASTags, and retail purchases).
ii.It Provides Contactless transactions up to Rs. 5,000 can be done without PIN (above 5k with PIN) at POS.
iii.With the card, the cardholders could access accidental insurance worth Rs 2 lakh, RuPay concierge services, and domestic airport lounges.
iv.Cash Withdraw Facility: The customers could withdraw up to Rs 50,000 at ATMs and could shop for a maximum of Rs 1 lakh from e-commerce portals, and physical outlets using PoS (Point of Sale) machines.
v.The card also provides cashback for fuel transactions at over 19,000 plus BPCL outlets across India.
vi.Benefits under the card could be availed by paying a fee of Rs 250 per annum.
About Bank of Baroda (BoB):
Headquarters – Vadodara, Gujarat
MD & CEO – Sanjiv Chadha
Tagline – India’s International Bank

PayPoint India partnered with BoB to expand Banking Services reach

i.Bank of Baroda (BoB) collaborated with PayPoint India under which the financial service provider will provide Banking Service through business correspondent (BC) model.
ii.This will enable BoB to expand its customer network and geographical spread by utilizing PayPoint’s customer service points (CSPs).
iii.This partnership is a part of BoB’s new initiative ‘BOB NOWW—New Operating model and Ways of Working’ which aims to push financial inclusion by expanding customer touch points through digital formats and BC networks.
About PayPoint India:
Managing Director– Ketan Doshi
Headquarter– Mumbai, Maharashtra
About Bank of Baroda (BoB):
Managing Director & CEO– Sanjiv Chadha
Headquarter– Vadodara, Gujarat
Amalgamated Banks– Dena Bank and Vijaya Bank

Sports

Beijing 2022 Winter Olympics Unveils Official Motto: Together for a Shared Future

The organisers of the Beijing 2022 announced the official motto of Winter Olympic and Paralympic Games 2022, “Together for a Shared Future” over a ceremony at the Capital Museum, Beijing. The motto highlights unity and a collective effort, embodying the core values and vision of the Olympic Movement and the aim of pursuing world unity, peace and progress as well as the vision of the Paralympic Games.

Note:
Beijing 2022 Winter Olympics are scheduled to take place from February 4 to 20, 2022, and the Winter Paralympics are scheduled to take place from March 4 to 13, 2022.
Beijing 2022 Mascot:
Mascots of Beijing 2022 Olympic and Paralympic were designed by Cao Xue. 2022 Beijing Winter Olympic Games Mascot- Bing Dwen Dwen (a Panda). 2022 Beijing Winter Paralympic Games Mascot- Shuey Rhon Rhon (a Chinese Lantern)

Raja Rithvik becomes India’s 70th chess Grandmaster

R.Raja Rithvik, 17, became India’s 70th chess Grandmaster (GM) after defeating FIDE Master Finek Vaclav of Czechoslovakia in 57 moves and reaching the live rating of 2501 in Vezerkepzo Grandmaster Chess Tournament at Budapest, Hungary. He is native of Warangal, Telangana. Rithvik earned his first GM norm in 2019. He got his third GM norm in the First Saturday Grandmaster Round Robin Tournament at Budapest in Hungary, by scoring 7 points out of 9 rounds.
Note: Pune’s Harshit Raja became India’s 69th GM in August 2021.

Miscellaneous

China Launches Tianzhou 3 Cargo Spacecraft to Support Tiangong Space Station

China has successfully launched its third Unmanned Cargo Aircraft (UCA) named Tianzhou-3 or Heavenly vessel from the Wenchang Spacecraft Launch Site in the southern province of Hainan, China, with help of the Long March-7Y4 rocket.

Objective: Tianzhou-3 will deliver fuel to the under-construction space station of China, Tiangong and will bring back three astronauts who have been there for almost three months. The Tiangong space station will be completed by 2022 and with its completion, China will become the first country to own a space station.

Highlights:
i.Tianzhou-3 was successfully docked with the core Tianhe module of the space station.
ii.China plans to launch two additional core modules for the space station- Wentian and Mengtian- on Long March 5B rockets.
iii.The space station once completed, will give competition to ISS (International Space Station), which was constructed by the United States (US), Russia and Japan. China was restricted from participating in the ISS by the US.
About China
President- Xi Jinping
Currency –Renminbi
Capital- Beijing

Amit Saxena, Global Deputy CTO of SBI, appointed as CTO of RBIH

Amit Saxena, Global Deputy Chief Technology Officer (CTO) of State Bank of India(SBI), has been appointed as the new CTO of the Reserve Bank Innovation Hub (RBIH). Based in Bengaluru, as CTO of RBIH, Amit Saxena will build an innovation ecosystem for India’s banking and financial services industry. Previously he has worked with companies like Syntel, HCL technologies, TechMahindra, and Quark.

Reserve Bank of India(RBI) established the RBIH in 2020 to promote innovation across the financial sector using technology and creating an environment to facilitate and foster innovation.
CEO of RBIH- Rajesh Bansal

Bulgarian President Reappointed Stefan Yanev as Caretaker PM

Rumen Radev, President of Bulgaria re-appointed retired general Stefan Yanev as the Caretaker Prime Minister(PM) of Bulgaria succeeding the former PM Boyko Borisov. Stefan Yanev will lead the interim government until the new government is formed.

The 3rd set of parliamentary elections of Bulgaria is set to be held on 14th November 2022 following inconclusive votes in April and July which failed to produce a government.
About Stefan Yanev:
i.Stefan Yanev has previously served as the security adviser to President Radev.
ii.He has also served as the defence minister in the caretaker government appointed by Radev in 2017.
Other appointments:
i.Rumen Radev has appointed Valery Beltchev, a Harvard University graduate experienced in banking and public finance, as interim finance minister.
ii.Daniela Vezieva has been appointed as the Minister of Economy and Hristo Aleksiev has been appointed as Minister of Transport, Information Technology and Communication.
About Bulgaria:
President– Rumen Radev
Prime Minister– Stefan Yanev(interim)
Capital– Sofia
Currency– Bulgarian lev

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