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The Hindu Review January 2021
The Hindu Review January 2021
Prime Minister Narendra Modi has inaugurated the 450- Other members include:
km Kochi-Mangaluru natural gas pipeline built at a cost Arijit Basu, State Bank of India Managing Director
of Rs 3,000 crore via video conferencing. The event marks Paresh Sukhankar, former HDFC Bank Deputy
an important milestone towards the creation of One Managing Director
Nation One Gas Grid. Natural gas pipeline network will S Raghunath of Banglore IIM
be doubled in 5-6 years and CNG stations will be raised to Tadhagatha Bandyophyay of Ahemadabad IIM and
10,000 from current 1,500.
Subrata Sarkar of IGIDR, Mumbai.
About the Pipeline:
The pipeline will carry natural gas from Kochi in First time in history, Union Budget 2021 to be
Kerala through Ernakulam, Thrissur, Palakkad,
paperless
Malappuram, Kozhikode, Kannur and Kasargod
districts to Mangaluru in Dakshina Kannada district of Union Budget 2021, slated to be presented on February 1,
Karnataka. is going to be completely paperless in the wake of the
It has been built by GAIL (India) Limited. It will carry ongoing coronavirus pandemic. This will be the first time
natural gas from the LNG Regasification Terminal at since independence that the budget papers will not be
Kochi. The pipeline will supply environment-friendly printed. The Centre has received permission for the same
PNG. from both houses of parliament. The decision has been
The pipeline grid will help improve clean energy
taken as several people (approximately 100) would be
access as well as also aid in the development of city
required to stay at the printing press for around a
gas projects.
fortnight amid the COVID-19 fear.
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The Monthly Hindu Review | Current Affairs | January 2021
The budget papers are usually printed at the ministry‟s in- India Ranks 85 in Henley Passport Index 2021
house printing press in the North Block. This year‟s
The Henley Passport Index 2021 has been released by
budget may reportedly witness several conventions being
Henley & Partners, based on the exclusive data from the
broken as the traditional ‗Halwa‘ ceremony, which is a
International Air Transport Association (IATA). As per
given every year is also not likely to take place, or a low-
the latest report, India has been ranked 85th among 110
key function may be held with limited gathering in
countries, in the Henley Passport Index for 2021, with a
attendance.
visa-free score of 58. The index presents the original
ranking of the world‟s most powerful passports, according
Donald Trump becomes first U.S. President to to the number of destinations their holders can access
be impeached twice without a prior visa.
Japan has once again topped the list of being the most
President Donald Trump was impeached by the U.S.
powerful passport in the world, for the third consecutive
House for a historic second time on January 13, charged
year. Japanese citizens can travel to as many as 191
with ―incitement of insurrection‖ over the deadly mob
countries visa-free. Singapore is in second place (190) and
siege of the Capitol in a swift and stunning collapse of his South Korea ties with Germany in third place (189). Syria,
final days in office. He was first impeached in 2019 over Iraq and Afghanistan are the countries with the worst
his Ukraine dealings. passport, with a passport score of 29, 28 and 26
The House voted 232-197 to impeach Mr Trump. The respectively.
proceedings moved at lightning speed, with lawmakers
voting just one week after violent pro-Mr. Trump loyalists India‘s 7th Trade Policy Review (TPR) at WTO
stormed the U.S. Capitol, urged on by the President‟s calls The second session of the 7th Trade Policy Review (TPR)
for them to ―fight like hell‖ against the election results. of India concluded at the World Trade Organization
(WTO). This was the final session of the 7th trade policy
RBI forms six-member working group to review. Trade Policy Review is a key mechanism under
regulate digital lending frauds the monitoring function of WTO. During this trade policy
review, WTO examines the trade and related policies of
The Reserve Bank of India (RBI) has set up a working the member countries with an aim to improve their
group to study digital lending activities of the regulated adherence to WTO rules and to provide constructive
and unregulated players, due to the growing instances of feedback.
frauds in digital lending space. The group will suggest
Important Points Trade Policy Review (TPR) of India:
steps to regulate digital lending including online lending
The official delegation of India for the 7th TPR was
platform and mobile lending. The group will evaluate
headed by Anup Wadhawan, the Commerce
digital lending activities and assess the penetration and
Secretary.
standards of outsourced digital lending activities in RBI
The Commerce Secretary responded to all the issues
regulated entities.
rose by the Members during the 1st TPR session of
The six-member panel comprises of following four RBI India.
internal and two external members:
1. Jayant Kumar Dash, Executive Director, RBI
(Chairman)
2. Ajay Kumar Choudhary, Chief General Manager-in-
Charge, Department of Supervision (Member)
3. P Vasudevan, Chief General Manager, Department of
Payment and Settlement Systems, RBI (Member)
4. Manoranjan Mishra, Chief General Manager,
Department of Regulation (Member Secretary)
5. Vikram Mehta, Co-founder, Monexo Fintech (External
Member)
6. Rahul Sasi, Cyber Security Expert & Founder of
CloudSEK (External Member)