Current Affairs

27 October, 2021

International

WMO’s State of the Climate in Asia 2020: India Lost $87 Billion in 2020 due to Disasters Linked to Climate Change

According to the State of the Climate in Asia 2020, a first of its kind multi-agency report published by the World Meteorological Organization (WMO), India has suffered an average annual loss (AAL) of around 87 billion USD due to tropical cyclones, floods and droughts. China experienced the highest ALL of around 238 Billion USD followed by India and Japan (83 billion USD). The highest AAL was associated with drought.

State of the Climate in Asia 2020:
i.The report provides an overview of land and ocean temperatures, precipitation, glacier retreat, shrinking sea ice, sea-level rise and severe weather.
ii.The report also examines the socio-economic impacts in a year when the region is also affected by the COVID-19 pandemic.
iii.The report covers every affected region of Asia, from the Himalayas to the Coastal areas, densely populated areas to deserts from the Arctic to the Arabian seas.
Click here for the complete report
About World Meteorological Organization (WMO):
WMO is an intergovernmental organization with a membership of 193 Member States and Territories.
Secretary-General– Petteri Taalas
Headquarters– Geneva, Switzerland

CAG, Auditor General of Maldives inked MoU to Strengthen Public Finance Audit

Comptroller and Auditor General of India (CAG) and Auditor General of Maldives signed a Memorandum of Understanding (MoU) to strengthen the audit process of public finance.
Signatories:
It was signed by Girish Chandra Murmu, CAG of India and Hussain Niyazy, Auditor General of Maldives in Male, capital of Maldive

iii.Both nations will also work towards Natural Resource Accounting (NRA), which provides an outline of resource bases, and embeds environmental aspects into the economic indices.

iv.India, a signatory to the Environmental Accounting efforts of the UN is committed to monitor 25 environment-related targets with particular attention being paid to target no 15.9 related with Environmental-Economic Accounting.
v.Both institutions are the members of the Asian Organization of Supreme Audit Institutions (ASOSAI) and the International Organization of Supreme Audit Institutions (INTOSAI). CAG is already supporting the Auditor General of Maldives and its staff by providing relevant training through its International Centre for Information Systems and Audit (iCISA) and International Training Centre for Environment Audit and Sustainable Development (iCED).

Singapore to Launch Guidelines for Renewable Energy Certificates

Singapore plans to launch standardized guidelines for renewable energy certificates (REC) in an effort to decarbonise its power sector and develop a regional grid.
Key points of guidelines :
i.Supports deployment of renewable energy in Singapore to develop regional grid which taps different types of low carbon energy sources in the region.
ii.This is the first of its kind in Southeast Asia which defines the types of renewable energy sources such as solar, wind and biomass that are eligible to generate RECs.
About Renewable energy Certificates (REC)

The certificates are market-based instruments where their prices are determined by market demand contained between ‘floor price’ (Minimum price) and ‘forbearance price’ (maximum price) specified by Central Electricity Regulatory Commission (CERC).

One certificate represents one megawatt-hour (MWh) of electricity generated from renewable energy source and delivered to the grid.

REC acts as a tracking mechanism for solar, wind, and other green energies as they flow into the power grid and named as Green tag, Tradable Renewable Certificates (TRCs), Renewable Electricity Certificates, or Renewable Energy Credits.

About Central Electricity Regulatory Commission (CERC)
Founded – 24 July 1998
Headquarters – New Delhi
Chairperson – P.K.Pujari
About Singapore :
Capital – Singapore
Currency – Singapore Dollar
President – Halimah Yacob

National

Dharmendra Pradhan Launches Phase II of Mahatma Gandhi National Fellowship (2021-23)

Union Minister Dharmendra Pradhan, Ministry of Skill Development and Entrepreneurship(MSDE), launched the second phase of the Mahatma Gandhi National Fellowship (MGNF) for 2 years, 2021-2023 on October 25,2021. MGNF Phase-II (National Roll Out) was launched on 25th October with 661 MGNFs who will be deployed across all districts of the country. 8 more IIMs have been on boarded taking the total to 9 IIMs (IIM Ahmedabad, IIM Bangalore, IIM-Jammu, IIM Kozhikode, IIM Lucknow, IIM Nagpur, IIM Ranchi, IIM-Udaipur and IIM Visakhapatnam).

Aim and Objective :

i.It is a two-year fellowship to create opportunities for the youth and enhance skill development at the grassroots level along with the academic partner IIM (Indian Institute of Management) to conduct class sessions at the district level with vast experience in the field.
ii.Fellowship aims to identify barriers to and create credible plans to increase employment, economic output and promote livelihoods including global thinking and integrated local language in skill development efforts.
iii.National Education Policy 2020 creates convergence between education and skill which reflects the fellowship that creates employment opportunities based on skills.

Renewable Energy Minister R K Singh Launched India’s 1st Green Day Ahead Market

The Union Minister of Power & New and Renewable Energy, R K Singh launched India’s 1st Green Day Ahead Market (GDAM) for the renewable energy (RE) to enable the electricity generation and distribution companies (Discoms) to trade (i.e. buy or sell) RE in the day-ahead market. India is the only large electricity market in the world to implement a GDAM exclusively for RE.
Objective: To reduce the dependency on imported sources of fossil fuel.
About Ministry of New and Renewable Energy (MNRE):
Union Minister – Raj Kumar Singh (Constituency – Arrah, Bihar)
Minister of State – Bhagwanth Khuba (Constituency – Bidar, Karnataka)

Narendra Modi launched Pradhan Mantri Ayushman Bharat Health Infrastructure Mission from Varanasi, UP

i.The Prime Minister (PM) of India Narendra Damodardas Modi launched a pan-India scheme namely PM Ayushman Bharat Health Infrastructure Mission from Varanasi, Uttar Pradesh (UP). He also inaugurated various development projects worth around Rs 5200 crore for Varanasi.
ii.This mission is a part of the effort to achieve holistic health care that is affordable and accessible to all.
iii.In a separate event, PM inaugurated nine medical colleges in Uttar Pradesh worth Rs 2,329 crore to make UP a medical hub of India.
About Uttar Pradesh:
Governor– Anandiben Patel
Bird Sanctuaries– Parvati Arga Bird Sanctuary, Lakh-Bahosi Bird Sanctuary, Vijay Sagar Bird Sanctuary
Festival– Taj Mahotsav

Economy

Government, Tata Sons signed Rs 18000cr Share Purchase Agreement for Air India

The Central Government signed a Share Purchase Agreement (SPA) with Tata Sons for sale (strategic disinvestment) of national carrier Air India for Rs 18,000 crore. The information for the same was provided by Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey.The SPA was signed by Air India Director – Finance Vinod Hejmadi; and Civil Aviation Ministry Joint Secretary Satyendra Mishra and Suprakash Mukhopadhyay.

ICICI Lombard launches BeFit – Cashless OPD & Wellness Services to Customers

ICICI Lombard General Insurance has launched a solution named ‘BeFit’ to provide benefits of OPD (Outpatient Department ) services to its customers in a cashless manner. The OPD services include doctor consultation, pharmacy and diagnostics services, and physiotherapy sessions. BeFit was serviced by ICICI Lombard’s ILTakeCare app.
About ICICI Lombard General Insurance:
Chief Executive Officer: Bhargav Dasgupta
Headquarters: Mumbai, Maharashtra
Founded: 2001

IndiGo Tie-up with KMB to Launch Co-Branded Credit Card ‘Ka-ching’

ndiGo and Kotak Mahindra Bank (KMB) entered into a strategic partnership for the launch of a co-branded credit card named ‘Ka-ching’.
Features of Ka-ching:
i.The credit card was launched under IndiGo’s 6E Rewards programme and linked with it to enable the members to earn rewards by using the card on IndiGo and other merchants.
ii.The co-branded card will be available in 2 variants such as 6E Rewards and 6E Rewards XL by offering exclusive travel benefits for domestic and international travel.
iii.The card was scheduled to be launched in November 2021 and with the card, the customers could access some special benefits on IndiGo.
iv.As the card is linked with the 6E Rewards Programme, the cardholders could earn additional 6E Rewards on shopping, transport, medical bill spending, utilities, fuel, etc.
About Kotak Mahindra Bank (KMB):
Establishment – 2003
Headquarters – Mumbai, Maharashtra
MD & CEO – Uday Kotak
Tagline – Let’s make money simple
About IndiGo:
As of August 2021, IndiGo is India’s largest passenger airline with a market share of 57 percent.
Establishment – 2006
Headquarters – Gurugram, Haryana
Whole Time Director and CEO – Ronojoy Dutta

Sports

National Cross Country Championship Hosted By Nagaland

The 2022 South Asian Federation Cross Country Championships will be held on January 15, 2022, in Kohima, Nagaland.
♦ Besides, the 56th National Cross Country Championships will also be clubbed with the South Asian Federation Cross Country Championships.
♦ This will be the first-ever national athletics event hosted by Nagaland.
♦ Top athletes from the eight South Asian countries will take part in the day-long international sports event.
♦ The championship will involve running on different types of terrain, including sprint over dirt, jogging downhill and mounting uphill.

India Ranked 106th In 2021 FIFA Ranking

The Indian team position was raised to one spot after the SAFF - South Asian Football Federation Championship 2021 of team India led by Sunil Chhetri.
♦ India has achieved the 106th position after beating Nepal in the summit clash.

FIFA Rankings:
♦ Under the FIFA Rankings, Belgium is at 1st position. Brazil holds 2nd position, France holds 3rd position.
♦ We find some of the most significant raisers on FIFA (Fédération Internationale de Football Association) Rankings 2021 edition.
♦ Morocco (29th, 4), Russia (33rd, 4), Egypt (44th, 4), Saudi Arabia (49th, 7) and South Africa (66th, 7) all made paces on the back of two wins from two this month in Qatar 2022 qualifying.
♦ Two nations in the second half of the table proved even better, with New Zealand (111, 10) and Indonesia (165, 10) the joint-biggest movers this month, ahead of the Central African Republic (115, 9) and Cambodia (170, 8).

Miscellaneous

MoRTH Minister Nitin Gadkari Launches Worlds 1st Instant Advice App ‘CUNSULT”

Union Minister Nitin Jairam Gadkari, Ministry of Road transport and highways (MoRTH) launched the World’s 1st Instant Advice App, “CUNSULT”, a knowledge sharing platform.
About CUNSULT application:
It is a first global facility for people who need information, advice, counsel, and guidance can contact and call up experts in 65 sectors. It is premised upon the framework of connecting knowledge seekers and knowledge givers. Each expert also gets a unique, exclusive page reflecting their contributions by way of articles and video-blogs.

Participants:
Amitabh Kant , CEO (Chief Executive Officer) NITI (National Institution for Transforming India) Ayog; Apurva Chandra, Secretary I&B (Information and Broadcasting); Former Secretary Shri Raghav Chandra among others.
Other species named after Coronavirus:
Potamophylax coronavirus – new species of caddisfly
Stethantyx covida- new wasp species

Shavkat Mirziyoyev won 2nd Term as President of Uzbekistan

Shavkat Mirziyoyev, the incumbent President of Uzbekistan has won a 2nd five-year term as the President of Uzbekistan. He won the election with 80.1% of the vote where the total voter turnout was at 80.8%. He is a member of the UzLiDeP(Uzbekistan Liberal Democratic Party). The 2021 election marks the 6th election of Uzbekistan held since it became independent in 1991. Shavkat Mirziyoyev took office in 2016 following the death of Islam Karimov, the first post-independence president of Uzbekistan.

About Shavkat Mirziyoyev:
i.Shavkat Mirziyoyev was born on 24th July 1957 in Zaamin District of Jizzakh Region, Uzbekistan.
ii.He was elected as the deputy of the Supreme Council of the republic in 1990 and served as Chairman of the Credentials Committee.
iii.He was appointed as the Prime Minister of the Republic of Uzbekistan in 2003, 2005, 2010, and 2015.
iv.In 2016 he was elected as the President of Uzbekistan and assumed office on 14th December 2016.
About Uzbekistan:
Prime Minister– Abdulla Aripov
Capital– Tashkent
Currency– Uzbekistani soʻm

India’s Official Entry to the Oscars 2022: Tamil Film “Koozhangal”

Tamil Film titled “Koozhangal” (Pebbles) directed by filmmaker Vinothraj PS and produced by Rowdy Pictures of Vignesh Shivan and Nayanthara, has been selected as India’s official entry for the 94th Academy Awards(Oscars 2022). If selected the film will compete under the “Best International Feature Film” category. The film has won the Tiger Award for best film, at the 50th International Film Festival Rotterdam (IFFR) 2021 and was screened at the Indian Film Festival of Los Angeles (IFFLA). The 94th Academy Awards is set to be held on 27th March 2022 in Los Angeles, United States of America.

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Daily Current Affairs | 27th November 2021

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