Current Affairs

27 April, 2021

International

US-India 2030 Climate and Clean Energy Agenda 2030 Partnership

During the summit, PM Narendra Modi announced the launch of ‘U.S.-India 2030 Climate and Clean Energy Agenda 2030 Partnership’ for mobilizing finance and speedening up clean energy innovation and deployment in the current decade (2020-30).
US joins Lead IT – initiative of India & Sweden
During the summit, the US announced its decision to join the Global Leadership Group for Industry Transition (LeadIT), an initiative of India & Sweden for driving climate change.
About United States
President – Joseph R Biden
Capital – Washington D.C.,
Currency – United States Dollar (USD)

PM Modi Participates in Leaders’ Summit on Climate 2021

Prime Minister Narendra Modi virtually participated in the Leaders’ Summit on Climate 2021 which was held virtually on April 22-23, 2021. He participated in the summit at the invitation of US President Joseph R. Biden, the summit was hosted by the US.

Rich Nations in Asia-Pacific may recover faster in Post Pandemic era: UNDP , ADB, ESCAP Report

According to the report ‘Responding to the COVID-19 Pandemic : Leaving no Country Behind’ jointly released by ADB (Asian Development Bank), UNDP (United Nations Development Programme) & UNESCAP (United Nations Economic and Social Commission for Asia and the Pacific), Richer countries in Asia-Pacific will recover faster than poorer countries from the pandemic due to Variation in degree of immunity, healthcare system & vaccine roll-out.
About Economic and Social Commission for Asia and the Pacific (UN ESCAP)
Executive Secretary – Armida Salsiah Alisjahbana
Headquarters – Bangkok, Thailand
Members – 53 Members & 9 Associate Members

National

India’s first LNG FSRU arrived in Maharashtra.

India’s first Liquified Natural Gas(LNG) Floating Storage and Regasification Unit(FSRU) has arrived at H-Energy’s Jaigarh Terminal in Maharashtra.It sailed from Keppel Shipyard,Singapore.

PM Modi launches distribution of e-property cards under SVAMITVA Scheme

On occasion of National Panchayati Raj Day (April 24), Prime Minister (PM) Narendra Modi virtually launched the distribution of e-property cards under the SVAMITVA scheme (Survey of Villages And Mapping with Improvised Technology in Village Areas) to around 4.09 Lakh beneficiaries. During the event, he also virtually conferred the National Panchayat Awards 2021 on the winners.
About Ministry of Panchayati Raj (MoPR)
Union Minister – Narendra Singh Tomar (Morena, Madhya Pradesh)

Economy

RBI Allowed Commercial Banks to Pay up to 50% of pre-COVID-19 Dividends

RBI allowed banks for payment of dividends for FY21, with certain conditions and limits.
Commercial Banks: RBI allowed commercial banks to pay up to 50 per cent of what they paid before COVID-19 from the profits for the fiscal ended March 31, 2021.
Cooperative Banks: Cooperative banks are permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021. RBI mandated the banks to maintain the minimum regulatory capital requirements after dividend payment. Dividend- A dividend is a distribution of profits by a corporation to its shareholders.
Note – Due to COVID-19 In December 2020, RBI made banks not to do the dividend payment on equity shares from the profits for the FY20.

IRDAI Allowed Investments in Debt Securities of InvITs, REITs

The Insurance Regulatory and Development Authority of India (IRDAI) allowed insurers to invest in debt securities issued by infrastructure investment trusts (InvITs) and real estate investment trusts (REITs).
Categories of Investment: Approved Investments: IRDAI has categorised the investments in debt instruments of InvITs and REITs rated above AA as “approved investments”. Other investments: The instruments which are rated below AA are categorised as “other investments”

IFSCA Allowed NBFC’s Investment in GIFT City

The International Financial Services Centre Authority (IFSCA) allowed the Non-Banking Finance Companies(NBFCs) (both local and global) to start their operations in Gujarat’s GIFT City (Gujarat International Finance Tec-City) to enable the local NBFCs to get global exposure.
About International Financial Services Centres Authority (IFSCA):
Establishment – April 27, 2020, under the International Financial Services Centres Authority Act, 2019.
Headquarters – GIFT City, Gandhinagar, Gujarat.
Chairman – Injeti Srinivas

Sports

ICC Banned UAE’s Qadeer from Cricket for 5 years due to Corruption

In April 2021, the International Cricket Council’s (ICC) banned the United Arab Emirates(UAE)cricketer Qadeer Ahmed Khan for five-years from all forms of cricket after he admitted to six breaches of ICCs anti-corruption code. On October,16, 2019, he was provisionally suspended by ICC.

India bags 11 medals tops Medals Tally at 2021 AIBA Youth World Boxing Championships

India has bagged 11 Medals (8 Gold, 3 Bronze) at 2021 AIBA Youth Men’s and Women’s World Boxing Championships held in Kielce, Poland from April 10-24, 2021. India topped the overall medals tally, it was followed by Russia & Uzbekistan. The AIBA Youth World Boxing Championships is an biennial event, around 414 boxers from 52 countries participated in the 2021 edition.
Winner Category Medal
Sachin 56 Kg Men’s Bantamweight Gold
Gitika Narwal 48 Kg Women’s Light flyweight Gold
Naorem Babyrojisana Chanu 51 Kg Women’s Flyweight Gold
Poonam Punia 57 Kg Women’s Featherweight Gold
Vinka 60 Kg Women’s Lightweight Gold
Arundhati Choudhary 69 Kg Women’s Welterweight Gold
Thokchom Sanamacha Chanu 75 Kg Women’s Middleweight Gold
Alfiya Pathan +81 Kg Women’s Heavyweight Gold
Bishwamithra Chongtham 49 Kg Men’s Lightweight Bronze
Ankit Narwal 64 Kg Men’s Light welterweight Bronze
Vishal Gupta 91 Kg Men’s Heavyweight Bronze
About International Boxing Association (AIBA)
President – Umar Kremlev
Headquarters – Lausanne, Switzerland

Tennis : Rafael Nadal wins 2021 Barcelona Open

Spain’s Rafael Nadal defeated Greece’s Stefanos Tsitsipas to win the 2021 Barcelona Open (68th Edition). This is the 12th Barcelona Open Title for Rafael Nadal. The 2021 Barcelona Open (sponsored by Banc Sabadell) took place from April 17-25, 2021 at Real Club de Tenis Barcelona, Barcelona, Spain. Rafael Nadal won his 1st Barcelona Title in the year 2005. Barcelona Open is an annual tennis tournament for male professional players and is played on clay courts.
About Association of Tennis Professionals (ATP)
CEO – Massimo Calvelli
Headquarters – London, United Kingdom

Miscellaneous

China’s first Mars rover named ‘Zhurong’

China has named its first Mars rover as Zhurong after a traditional fire god. The name signifies igniting the flame of Planetary Explorations of China.
About Zhurong:
i.Zhurong is on board the Tianwen-1 Space probe.It arrived at the Mars orbit in February 2021 and is due to land on the planet in May 2021.
ii.The main aim of Tianwen-1 is to analyse and map the Martian surface and look for water ice and study the climate and surface environment.
iii.Tianwen-1 is a part of China’s mission in launching a crewed orbital station and landing a human on the moon.
About China:
Capital: Beijing
Currency: Renminbi
President: Xi Jinping
About China National Space Administration:
Establishment: 22 April 1993
Administrator: Zhang Kejian
Headquarters: Beijing,China.

Armenian PM Nikol Pashinyan Resigned to Enable Snap Election

Armenian Prime Minister(PM)Nikol Pashinyan resigned due to the criticism over him for the way he handled conflict in Nagorno-Karabakh region of Azerbaijan. The decision was also in line with the snap election in Armenia, which is set to be held in June 20,2021. He will be serving as an acting PM of Armenia until the election. He served as PM of Armenia from 8 May 2018 to 25 April 2021 and as required by Armenian law, all members of Pashinyan’s cabinet also handed over their own resignations after his resignation.
Note – A snap election is an election that is called earlier than the one that has been scheduled i.e. (earlier election).
About Armenia:
Capital – Yerevan
Currency – Armenian dram
President – Armen Sargsyan

Arun Raste appointed as new MD & CEO of NCDEX

Securities and Exchange Board of India(SEBI) has approved the appointment of Arun Raste as Managing Director and Chief Executive Officer of National Commodity & Derivatives Exchange Limited(NCDEX) for a term of five years. He succeeds Vijay Kumar.
Arun Raste is currently working as an executive director in National Dairy Development Board(NDDB). He has also worked in organisations like IDFC First Bank, Kotak Mahindra Bank, NABARD, ACC Cement, and a non-profit NGO IRFT. Apart from this he has also served as a Director on the Board of Indian Immunological and Mother Dairy Fruit and Vegetable.
About National Commodity & Derivatives Exchange Limited(NCDEX):
Establishment:2003
Headquarters:Mumbai,Maharashtra.

Uttar Pradesh won E-Panchayat Puraskar 2021

i.The Government of Uttar Pradesh(UP) won the “E-Panchayat Puraskar 2021” ranking first under Category I. The award recognises the efforts of UP in implementing the e-applications developed by the Centre and other applications developed by the State Government.
ii.Uttar Pradesh was followed by Assam and Chhattisgarh in 2nd rank and Odisha and Tamil Nadu in 3rd rank.
iii.The award was instituted by the Ministry of Panchayati Raj(MoPR) to promote the use of ICT in monitoring the works of gram panchayats.
About Uttar Pradesh:
Bird Sanctuary– Nawabganj Bird Sanctuary; Sandi Bird Sanctuary; Surajpur Wetland; SoorSarovar Bird Sanctuary
Rivers– Ganga; Yamuna; Betwa River.

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