Current Affairs

29 January, 2021

International

India Pledged USD 150,000 to UN PeaceBuilding Fund

i.India has pledged USD 150,000 to activities of the United Nations (UN) PeaceBuilding Fund (PBF) for 2021 during the “High-level Replenishment Conference for the Peacebuilding Fund”.It was announced by India’s Permanent Representative to the UN Ambassador TS Tirumurti.
ii.This pledge is on the lines of 2020 review of the UN peacebuilding architecture which provides a framework to strengthen peace building collectively.
iii.It will mobilize critical support for conflict prevention and peacebuilding against the Fund’s $1.5 billion requirements for the period 2020-24.
About United Nations Peacebuilding Fund:
Launched – 2006
It will support activities, actions, programmes and organizations that seek to build a lasting peace in countries emerging from conflict.

FDI in India rose by 13% in 2020 but Decreased 42% globally-UNCTAD

i.In accordance with the United Nations Conference on Trade and Development (UNCTAD)’s 38th Global Investment Trends Monitor, after 1990s, the year 2020 saw a fall down in Global foreign direct investment (FDI) which decreased 42% to $859 billion from $1.5 trillion in 2019.
ii.Contrarily, India saw a 13% increase in FDI to $57 billion which is driven by investments in the digital sector. China pocketed a maximum FDI of $163 billion with 4% increase i.e. it became the world’s largest FDI recipient even being a place of COVID-19 evolution.
iii.Notably, a major decline in FDI inflows was concentrated in developed countries such as the United Kingdom (UK), the United States (US), Italy, Russia, Germany, and Brazil where fund flows fell by 69% to an estimated $229 billion.
iv.FDI flows to developing economies decreased by 12% to an estimated $616 billion, they accounted for 72% of global FDI – the highest share on record.
iv.FDI to transition economies declined by 77% to $13 billion.
About United Nations Conference on Trade and Development (UNCTAD):
Established– 1964, by the United Nations General Assembly (UNGA)
Secretary-General– Mukhisa Kituyi of Kenya
Headquarters– Geneva, Switzerland

National

India to Procure 21 MiG-29 Fighter Jets and 12 Sukhoi-30 MKI Aircrafts from Russia

Indian Government is set to procure 21 MiG(Mikoyan-Gurevich)-29 fighter jets and 12 Sukhoi(Su)-30 MKI(Modernizirovannyi, Kommercheskiy, Indiski) aircrafts from Russia. In addition to this, existing 59 MiG-29 aircrafts will also be upgraded. The Request for Proposal (RFP) for the 21 MiG-29 will shortly be issued to Russian state-run defence export arm Rosoboronexport

Cabinet approved Minimum Support Price of Copra for 2021 season

i.Based on the recommendations of the Commission for Agricultural Costs and Prices (CACP), Cabinet Committee on Economic Affairs (CCEA) has given its approval for the Minimum Support Price (MSP) of copra for 2021 season.
ii.In this regard, Minimum Support Price (MSP) for Fair Average Quality (FAQ) of milling copra is increased by Rs.375 to Rs. 10335/- per quintal for 2021 season from Rs. 9960/- per quintal in 2020.
iii.The MSP for ball copra has been increased by Rs.300/-, to Rs. 10,600/- per quintal for 2021 season from Rs. 10300/- per quintal in 2020.
About Commission for Agricultural Costs & Prices (CACP):
It works under Ministry of Agriculture & Farmers Welfare.
Chairman – Prof. Vijay Paul Sharma
Established – 1965

Economy

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Sports

India to host 2022 AFC Women’s Football Asia Cup

India has got the hosting rights from Asian Football Confederation (b) to host 2022’s Women’s Football Asia Cup. The event is planned to start from 20th January, 2022 to 6th February, 2022. For the first time the event will feature 12 teams from across Asia. Ahmedabad and Navi Mumbai are the two possible venues to hold 2022 AFC’s Women’s Football Asia Cup.
About Indian Women’s Football Team:
Head Coach – Maymol Rocky
Captain – Loitongbam Ashalata Devi
About Asian Football Confederation:
President – Shaikh Salman bin Ebrahim Al Khalifa
Founded – 7 May 1954
Headquarters –

Miscellaneous

ISRO to launch “Sri Shakti Sat”, a Satellite developed by College Students

Indian Space Research Organisation (ISRO) is planning to launch ‘Sri Shakti Sat’ a satellite that was developed by 12 college students with inputs from ISRO. This satellite will be launched into outer space by Polar Satellite Launch Vehicle (PSLV)-C51 on February 28, 2021.

Swaminathan Janakiraman & Aswini Kumar Tewari Appointed as MDs of SBI

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Swaminathan Janakiraman and Ashwini Kumar Tewari as new Managing Directors(MDs) of State Bank of India (SBI) for a period of 3 years. Swaminathan Janakiraman was serving as the deputy MD(finance) of SBI. Ashwini Kumar Tewari was serving as MD and Chief Executive Officer(CEO)of SBI Card, a subsidiary of SBI.

Tamil translation of French novel, ‘Le mariage de plaisir’ wins Romain Rolland Book Prize 2021 at Kolkata

The Tamil translation of a French novel, ‘Le mariage de plaisir‘ titled “Ullasa Thirumanam” won the Romain Rolland Book Prize 2021 at the Apeejay Kolkata Literary Festival 2021.The Festival was conducted on January 22 – 24, 2021. ‘Le mariage de plaisir’, the French Novel was authored by Tahar Ben Jelloun. And it was translated by Dr Vengada Soupraya Nayagar in Tamil.

About Romain Rolland Book Prize:
Started in 2017, Romain Rolland Book Prize aims at awarding the best translation of a French title into any Indian language, including English.

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