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Cse, Ese, Psus, State Exams, SSC and Banking Exams: Made Easy Weekly Current Affairs
Cse, Ese, Psus, State Exams, SSC and Banking Exams: Made Easy Weekly Current Affairs
Ensy
mnoE Ensy
India ’s Best Institute for IES, GATE & PSUs
MADE EASY
WEEKLY
CURRENT AFFAIRS
WEEK-3
15th February - 21st February, 2021
Targeted Examinations:
CSE, ESE, PSUs, State Exams,
SSC and Banking Exams
moDE Ensy
2 Current Affairs Week-3 15th Feb. to 21st Feb.
• While, the road crash death among urban poor • As per the guideline, the exchanges can offer
households accounts for 11.6 per cent. standardised single-name CDS contracts by
• The report further highlights that the low-income specifying guaranteed cash settlement.
household spends seven months of its income on • The commercial papers, listed or unlisted rated
post-road crash care. rupee corporate bonds, Unrated bonds issued by the
special purpose vehicles, certificates of deposit and
Green Super Ministry non-convertible debentures of maturity up to 1 year
are eligible to be a reference or deliverable obligation
• Italy has put climate change at the forefront of its
in the CDS contract.
proposals to run Italy. They set up a super ministry to
ensure the transition to renewable energy powers the
country's recovery.
About Credit Default Swap:
• The super ministry has been set up with the goal of • CDS is a derivative or contract that permits the
making full use of European Union funds in the area investor to swap or offset his credit risk with another
of climate change. investor.
• It is a financial swap agreement where the seller of
Key Facts: CDS will compensate the buyer in case of a debt
• The recovery plan of Italy has to be handed to the default. In such an agreement, the seller of CDS
European Commission by April 2021 in order to get insures the buyer against asset defaulting.
more than 200 billion euros ($240 billion) of funds.
• This amount is needed for the country to revive NOTE:
the recession-hit economy amid the COVID-19 Hedging is a risk management strategy that is
pandemic. employed to offset losses in investments. The
• As per the European Union agreement, 37% of 200 losses are offset by taking an opposite position in
billion euros must be diverted towards the transition the defaulted asset. Hedging through reduces the
to a low carbon economy. risk associated with the assets but it also reduces
the potential profits.
• The project will connect the Paletwa by road route Nesting of Olive Ridley
to Mizoram in Northeast India. Currently, the Sittwe • The mass nesting of the Olive Ridley turtles has finally
port, river dredging and Paletwa jetty projects are begun in the Puducherry coastline. The female Olive
completed. Ridley turtles are leaving hundreds of eggs at nesting
spots.
NOTE: • Puducherry coastline is among the migratory routes to
Sittwe is the capital of Rakhine State, Myanmar. The Odisha which are used by these turtles. The coastline
city is located on an estuarial island. It lies at the is listed under Schedule I of the Wildlife Protection
confluence of rivers Kaladan, Mayu, and Lay Mro.. Act, 1972.
• This creative collection uses reduced CO2 binders. About International Solar Alliance:
• It was developed using optimised mixing designs to • The ISA has been co-founded by India. It was
reduce the carbon footprint. created at the Paris Climate Change Conference
2015. It is the first treaty-based foreign government
Types of the ECOPact range products body headquartered in India.
• The customers can choose the concrete on the basis • It is the nodal agency to execute India's "One Sun
of desired level of CO2 reduction and sustainability One World One Grid (OSOWOG)" global electricity
objectives. grid programme.
• One Sun One World One Grid (OSOWOG) was
• ECOPact PRIME- It offers CO2 reduction up to 50-70
launched with the objective of transferring the solar
percent.
power generated in one region to feed the electricity
• ECOPact MAX- It offers CO2 reduction greater than demands of another region.
70 percent.
• ECOPact ZERO- It is a combination of concrete TIGER X-1
technology excellence and climate action. Thus, • The Hyundai Motor Group has designed a walking
it offers the elimination of the carbon footprint of car concept robot. It is being called as TIGER which
concrete. Thus, reduces the overall carbon footprint stands for transforming intelligent ground excursion
robots.
of any structures.
Key Points:
18th FEBRUARY 2021 • This is the first edition of the TIGER version. The robot
is based on the architecture of the modular platform.
World Solar Bank • The robot has a 360-degree directional control that
• The International Solar Alliance (ISA) is preparing allows it to determine the terrain in disaster-prone
to launch the World Solar Bank (WSB) at the United areas.
Nations Climate Change Conference in Glasgow.
• The vehicle does not hold passengers, but it does
• The WSB will be introduced since many ISA carry cargo and sensors to observe the environment
member countries face the task of raising finances remotely.
on their own. In comparison, 800 million people
• TIGER has been designed to function independently.
who do not have access to electricity have been
• It comprises a sophisticated leg and wheel locomotion
supported..
system.
Key Highlights: • This UMV has the features of both the robotic
technology and the wheeled locomotion technology.
• The establishment of the World Solar Bank will help
Thus, the vehicle is capable of traversing the difficult
India's efforts to protect its leadership in the climate
terrain.
arena.
• The establishment of the bank is important because
green financing would be one of the priority topics of
Juvenile Justice Care and Protection of
the climate meeting called the COP-26. Children Act, 2015
• COP-26 will be structured in the sense of the re- • The Union Cabinet has approved the amendments to
entry of the United States to the Paris climate the Juvenile Justice Care and Protection of Children
agreement. Act, 2015.
15th Feb. to 21st Feb. Week-3 7
Children) Act, 2015 • The Government also plans to make India a centre of
the 4G/5G Fifth Generation Radio Connectivity Network,
• The Act was enacted by the Parliament of India by
main communication facilities, and cellular equipment.
repealing the Juvenile Justice (Care and Protection
• This move will also boost the local manufacturing of
of Children) Act of the Indian Youth Delinquency Act,
telecom gear in the domestic market as well as for
2000. exports.
• This act requires teenagers under 16 and 18 years • The scheme would include main transmission
of age who are in trouble with the law and who are infrastructure, 4G/5G and next-generation radio
engaged in Heinous Crimes to be prosecuted as connectivity network and cellular equipment, Internet
adults. It also aims to create a freely available law on of Things (IoT) access devices, access and customer
premises equipment (CPE) and business equipment
adoption in India.
such as switches and routers.
• The Act came into force in 2016. In order to smoothen
the procedures for orphan, abandoned and About Production Linked Incentive (PLI)
surrendered children the Central Adoption Resource scheme
Authority (CARA) was given the status of statutory • This scheme was implemented in March 2020 with a
body. view to improving domestic demand. It also aims to
reduce import bills.
NOTE:
• The programme was introduced with the goal of
Central Adoption Resource Authority (CARA) is an offering incentives for businesses to boost the sales
autonomous and statutory body under the Ministry of of domestically produced goods.
Women and Child Development. It was established
• This scheme does not stop any foreign companies
in 1990. CARA is the nodal body of the adoption of
to set shop in India. But, it also encourages the
Indian children. It also monitors and regulates in-
local companies to set up or expand the existing
country and inter-country adoptions.
manufacturing units.
8 Week-3 15th Feb. to 21st Feb.
As per Article 338 B, the commission comprises Kushinagar, Gonda, Maharajganj, Siddharth Nagar,
a Chairperson, Vice-Chairperson and three other Balrampur, Sant Kabir Nagar, Bahraich, Shravasti.
Members. The appointment, conditions of service The Geographical Indications (GI) claims that these
and tenure of office of all of them is decided by the regions share a similar climate.
President.