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Table of Contents
NATIONAL AFFAIRS ........................................................................................................................................................ 5
CABINET APPROVALS ................................................................................................................................................. 5
PARLIAMENT NEWS ................................................................................................................................................. 12
LAUNCHES & INAUGURATION ................................................................................................................................. 14
FESTIVALS ................................................................................................................................................................. 29
OTHER NEWS ............................................................................................................................................................ 30
STATE NEWS ................................................................................................................................................................. 58
GOVT SCHEMES ............................................................................................................................................................. 84
INTERNATIONAL AFFAIRS ........................................................................................................................................... 88
VISITS ........................................................................................................................................................................... 101
INDIAN VISIT ........................................................................................................................................................... 101
FOREIGN VISIT ........................................................................................................................................................ 102
BANKING & FINANCE NEWS ...................................................................................................................................... 105
BANKING NEWS ...................................................................................................................................................... 105
RBI IN NEWS ............................................................................................................................................................ 105
LOANS ISSUED BY BANKS ...................................................................................................................................... 115
TECHNOLOGY IN BANKING .................................................................................................................................... 116
AGREEMENTS & MoUs SIGNED.............................................................................................................................. 117
OTHER BANK NEWS ............................................................................................................................................... 124
FINANCE NEWS ....................................................................................................................................................... 149
ECONOMY & BUSINESS NEWS ................................................................................................................................... 162
MoU’s & AGREEMENTS ............................................................................................................................................... 170
COMMITTEES & MEETINGS ....................................................................................................................................... 189
SUMMITS, EVENTS & CONFERENCE.......................................................................................................................... 195
INDEX ........................................................................................................................................................................... 209
RANKING .................................................................................................................................................................. 209
REPORTS .................................................................................................................................................................. 226
AWARDS & RECOGNITIONS ....................................................................................................................................... 246
APPOINTMENTS & RESIGNATIONS ........................................................................................................................... 266
ACQUISITION & MERGERS ......................................................................................................................................... 281
SCIENCE & TECHNOLOGY........................................................................................................................................... 288
DEFENCE ...................................................................................................................................................................... 301
EXERCISE ................................................................................................................................................................. 301
NATIONAL AFFAIRS
CABINET APPROVALS
Cabinet Approvals on March 3, 2021
On March 3, 2021, The Union Cabinet chaired by the Prime Minister, Narendra Modi approved the following
Memorandum of Understandings (MoUs).
• MoU between India & France in the field of Renewable Energy cooperation
• MoU between India & Fiji for cooperation in the field of Agriculture and Allied Sectors.
Cabinet Approval for MoU between India & France
In January 2021, India & French Republic signed an MoU in the field of Renewable Energy cooperation.
Objective
• To establish a platform for promotion of bilateral cooperation in the field of new and renewable energy on the
basis of mutual benefit, equality and reciprocity.
• It covers renewable energy technologies relating to Solar, Wind, Hydrogen & Biomass energy.
Components of the Agreement
• Exchange & Training of Scientific and Technical personnel
• Exchange of Scientific & technological information and data
• Organization of workshops & seminars; transfer of equipment, know-how & technology
• Development of Joint Research and Technological projects
Benefits
• It will help in developing the technological know-how in the field of Renewable energy
• Technical knowledge will help India to attain its target of 450 GigaWatts (GW) of installed Renewable Energy
Capacity by 2030.
About France
President – Emmanuel Macron
Capital – Paris
Currency – Euro,CFP franc
Cabinet Approval for MoU between India & Fiji
The Union Cabinet also approved the signing of a MoU between the Ministry of Agriculture & Farmers’ Welfare, India
& Ministry of Agriculture of the Republic of Fiji for cooperation in the field of Agriculture and Allied Sectors.
• The MoU will come into effect on the data of its signing and the time period of the agreement is 5 years.
The MoU provides for agreement in the below areas
• Exchange of Research personnel, scientific experts, specialists & Technical trainees
• Enhancement & Transfer of Technology
• Development of infrastructure for agriculture development
• Development of human resources through training of officers & farmers by conducting seminars & workshops
• Promotion of Joint Ventures between private sectors of both countries
• Boosting investment in marketing & value addition of agricultural commodities.
• Capacity development in all areas of agriculture
• Promotion of direct trade of agriculture products through market access
• Joint planning & development of research proposals & execution of research projects & programmes
• Establishment of an Indo-Fiji Working Group for dealing with phytosanitary issues.
• Other forms of cooperation mutually agreed by the parties
Joint Working Group (JWG)
• A JWG is to be constituted for laying down procedures & plans for achieving the aims through Executing
agencies of the two countries.
• JWG will hold meetings alternately in India & Fiji once in every 2 years.
PARLIAMENT NEWS
President Ram Nath Kovind gives Assent to 3 Major Bills
President Ram Nath Kovind gave his Assent to 3 Major Bills passed by the Indian Parliament. They are
• National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021
• The Government of National Capital Territory of Delhi (Amendment) Bill, 2021
• The Mines and Minerals (Development and Regulation) Amendment Bill, 2021
National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021
Ministries involved – Ministry of Finance;Corporate Affairs;Information and Broadcasting.
i.It aims to establish the National Bank for Financing Infrastructure and Development (NBFID) as the principal
Development Financial Institution (DFI) for Infrastructure financing in India.
• It will be set up as a corporate body with authorised share capital of One Lakh Crore Rupees & INR 20, 000
crores as equity & INR 5,000 crore as grant.
• DFI will provide long-term finance for segments of the economy in which risks involved are beyond the
acceptable limits of commercial banks & other financial institutions.
• A 5 years’ tax break to NaBFID or DFI was announced by Finance Minister Nirmala Sitharaman to ensure that
more funds flow to it.
• The ambit of developmental projects to be undertaken by the NaBFID includes social sector infrastructure
projects including Health & Education.
In the Reserve Bank of India Act, 1934 (hereinafter referred to as the principal Act),in section 2, after clause (ccc), the
following clauses shall be inserted, namely:
• ‘(ccci) “National Bank for Financing Infrastructure and Development” means
the Institution established under section 3 of the National Bank for Financing
Infrastructure and Development Act, 2021.
• (cccii)” other development financial institution” means a development financial institution licensed under
section 29 of the National Bank for Financing Infrastructure and Development Act, 2021.
Swachhta Saarthi Fellowships launched by the Office of the Principal Scientific Adviser
On March 1, 2021, the Office of the Principal Scientific Adviser to the Government of India (GoI) under its “Waste to
Wealth” Mission launched the “Swachhta Saarthi Fellowship”. These fellowships will recognize students, community
workers/self-help groups (SHGs), and municipal/sanitary workers who are working as Swachhta Saarthis to tackle
the challenge of waste management, scientifically and sustainably through various initiatives.
Saras Aajeevika Mela 2021 at Noida Haat to Bring Rural Women SHGs Under One Platform
On 26th February 2021, Narendra Singh Tomar, Union Minister of Rural Development, inaugurated the Saras
Aajeevika Mela 2021 at Noida Haat to bring rural women Self-Help Groups(SHGs) under one platform. The Saras
Aajeevika Mela 2021 has been organised from 26th February 2021 to 14th March 2021.
More than 300 SHGs and craftsmen from 27 states are participating in the mela organised by the Ministry of Rural
Development.
PM Modi inaugurated Syama Prasad Mookerjee Institute of Medical Sciences and Research at IIT Kharagpur
Prime Minister(PM) Shri Narendra Modi has addressed the 66th Convocation of IIT Kharagpur through a video
conference and also inaugurated Dr. Syama Prasad Mookerjee Institute of Medical Sciences and Research at IIT
Kharagpur
• Syama Prasad Mookerjee Institute of Medical Sciences and Research is a super specialty hospital that has been
set up by the Indian Institute of Technology, Kharagpur with support from the Minister of Education.
Sanjay Shamrao Dhotre Inaugurated TEPC’s “India Telecom 2021” Exclusive International Business Expo
On 3rd March 2021, Sanjay Shamrao Dhotre, Minister of State, Ministry of Communication inaugurated the virtual
“India Telecom 2021”, an Exclusive international business expo organised by Telecom Equipment Export Promotion
Council(TEPC).
• India Telecom 2021 was organised under the Market Access Initiative Scheme (MAI) of Department of
Commerce, Government of India.
• The expo was supported by the Department of Telecommunications and Ministry of External Affairs(MEA).
India Telecom 2021:
India Telecom 2021 is a platform for convergence of technologies and business exchange
The event encloses strategies and learning that goes beyond Telecom and IT industries.
Odisha CM Naveen Patnaik inaugurated India’s first ‘World Skill Center’ in Bhubaneswar
On March 05, 2021, Odisha Chief Minister, Naveen Patnaik inaugurated the India’s first World Skill Center(WSC),
an advanced skill training institute at Mancheswar, Bhubaneswar with the cost of Rs 1342.2crore, under the Odisha
Skill Development Project.
• The Centre is developed with the assistance of Asian Development Bank(ADB) and ITE Education Services
(ITEES), Singapore as the knowledge partner. ADB will share the cost for developing the WSC center.
Aim:
To provide advance skill training to the youth of the state and prepare them for competing at Global level.
To expand the skill development to reach every village and to make children aware of career choices.
World Skill Center (WSC):
• WSC is the 18-storey state-of-the-art building with a helipad and is now the tallest structure in the State.
• The center is built over an area of 4.5 lakh sq ft in Mancheswar Industrial Area.
• The center seeks inspiration from Institute of Technical Education Services (ITEES), Singapore, World Skills,
Russia and Global Institute for Transferring Skills, South Korea the knowledge partners.
Note: The state is set to create Odisha Skill Vision 2030 to guide future efforts of all implementing departments.
Functions of WSC:
• The center acts as a nodal agency for preparing Odisha’s youth to meet their aspirations and make them
globally employable by competing with their counterparts anywhere.
• It will act as the Centre for Industry Partnership and landing point for industries in Odisha for their
employment needs.
• Serves as a center for capacity building for ITI and polytechnic teachers.
• Offers its first set of courses in Refrigeration and Air Conditioning, Mechanical and Electrical Services, Vertical
Transportation, Precision Engineering, Mechatronics, and Electrical Technology.
• At first the center will train 3000 students in eight trades.
Personalities present over the inauguration:
• Skill Development and Technical Education Minister –Premananda Nayak
• Odisha Skill Development Authority, Chairman – Subroto Bagchi
• Asian Development Bank, DG – Kenichi Yokoyama
• ITEES, CEO –Bruce Poh
The achievements of ‘Skilled-in-Odisha’ were also highlighted in the event. The inauguration day was coincided with
the birth anniversary of his late father and former CM Biju Patnaik.
Recent Related News:
On January 19, 2021, Jammu & Kashmir’s Department of Skill Development signed an MoU with IIT Jammu to
increase the skill sets of students and their employability by exposing them to Latest Technologies.
About Odisha:
Lakes – Chilika Lake (2nd largest brackish water lagoon in the world), Ansupa Lake, Pata Lake, Kanjia Lake.
Dams – Hirakud dam, Rengali dam, Indravati dam, Jalaput dam (between Andhra Pradesh and Odisha), Mandira dam,
Patora dam.
PM Narendra Modi Virtually Inaugurated ‘Maitri Setu’ Bridge between India and Bangladesh Over Feni River
On March 9, 2021, Prime Minister(PM) Narendra Modi Inaugurated the ‘Maitri Setu’ (India-Bangladesh Friendship
Bridge) virtually between India and Bangladesh over Feni River at Sabroom in south Tripura. During the event he
also inaugurated and laid the foundation stone for eight other infrastructure projects together worth ₹ 3,518 crore.
Objective -The Maitri Setu Bridge will help improve connectivity and enhance economic opportunities for people of
both the countries.
About Maitri Setu Bridge:
i.Maitri Setu Bridge is 1.9 Km long.
ii.Maitri Setu Bridge Connects Tripura, India with Ramgarh in Bangladesh.
iii.National Highways and Infrastructure Development Corporation Ltd constructed the Bridge at a project cost of Rs.
133 Crores.
iv.With this inauguration, Tripura is set to become the ‘Gateway of North East’ with access to Chittagong Port of
Bangladesh, which is just 80 Kms from Sabroom.
v.The Bridge will also benefit the government of Assam, Mizoram, Manipur because it will help to connect the above
mentioned states with Bangladesh as well as with the other countries of SouthEast Asia.
Note – Once the Feni Bridge becomes operational, Agartala will become closest city in country to an international sea
ports.
PM of Bangladesh Sheikh Hasina Addressed the Event
• Prime Minister of Bangladesh, Sheikh Hasina had send a video message during the inauguration ceremony.
• While addressing the event, Chittagong Port and Mongla port as Port of Call to facilitate India’s uninterrupted
international and domestic trade activities through waterways in Bangladesh.
Other Inaugurations by PM Narendra Modi in Tripura:
While addressing the event, PM Narendra Modi talked about the HIRA development i.e. Highways, i-ways, Railways
and Airways for Tripura & inaugurated various projects viz,
i.PM, Narendra Modi laid the foundation stone for setting up an Integrated Check Post at Sabroom.
• The Check Post will be constructed by the Land Ports Authority of India at an estimated cost of about Rs. 232
Crores.
ii.He also laid the foundation stone of 80 Km Long NH 208 connecting the Unakoti district headquarters at
Kailashahar with the Khowai district headquarters.
• NH 208 project will be constructed by National Highways & Infrastructure Development Corporation
Limited(NHIDCL) with a project cost of Rs. 1078 Crores.
iii.He will also inaugurate State Highways and other district roads, with a financial outlay of Rs. 63.75 Crores.
• It will be developed by the State government & will provide all weather connectivity to the people of Tripura.
iv.He will inaugurate 40978 houses constructed under Pradhan Mantri Awas Yojana (Urban), completed with the
financial outlay of Rs. 813 Crores.
v.He will also inaugurate the Integrated Command and Control Centre built under Agartala Smart City Mission. & will
lay the foundation stone for the development of Multi Level Car Parking and Commercial Complex at Old Motor Stand.
It will be developed at an investment of about Rs 200 crore.
vi.He will also lay foundation stone for widening of road from Lichubagan to the airport from two lanes to four lanes.
The work is being implemented by Agartala Smart City Mission at a project cost of about Rs 96 crores.
Recent Related News:
i.On February 18, 2021, Prime Minister Narendra Modi virtually launched the ‘Mahabahu-Brahmaputra’ programme
& laid the foundation stone for 2 Bridges ‘Dhubri-Phulbari’ bridge which is set to be India’s Longest Bridge & ‘Majuli’
Bridge in Assam.
Tribal Affairs Minister Arjun Munda Inaugurated First of its Kind “Tribes India GI Mahotsav” at LBSNAA,
Mussoorie
On 5th March 2021, Arjun Munda, Union Minister, Ministry of Tribal Affairs(MoTA) inaugurated the “Tribes India GI
Mahotsav” at Lal Bahadur Shastri National Academy of Administration(LBSNAA), Mussoorie, Uttarakhand. This is
the first of its kind exhibition featuring the GI Products from across India.
• The Tribes India GI Mahotsav: Invaluable Treasures of Incredible India was organised by Tribal
Cooperative Marketing Federation of India(TRIFED), under MoTA in collaboration with LBSNAA, Mussoorie
and Ministry of Culture.
Key People:
Bhaskar Khulbe, Advisor to the Prime Minister of India; Sanjeev Chopra, Director of LBSNAA; Pravir Krishna,
Managing Director of TRIFED and Padmashri Dr. Rajni Kant, Advisor of TRIFED Atmanirbhar Bharat project on GI
products participated in the event.
Purpose of “Tribes India GI Mahotsav”:
• To increase the awareness about the GI tagged products among the IAS probationers at LBSNAA.
• To sensitize them about the rich cultural heritage of India so that they can formulate policies to safeguard the
interest of GI products in their region.
Other Inaugurations and Launches:
i.Union Minister Arjun Munda also inaugurated the 130th Tribes India Showroom and Cafe of Tribes India at
Velridge Building, near LBSNAA, Mussoorie.
• The showroom will market and promote GI Products, high quality handcrafted designs from various states of
India and organic products.
ii.At the event, the TRIFED jackets are made in the traditional geometric Ikat weaving style by the weavers of
Pochampally was also launched.
About TRIFED:
Managing Director– Pravir Krishna
Headquarters– New Delhi
India Sets Up 1st of its kind ‘India Energy Office’ inaugurated in Moscow,Russia; Enhances Cooperation in
Energy Sector
On 2nd March, 2021 A 1st of its kind India Energy Office (IEO) was inaugurated by Tarun Kapoor, Secretary, Ministry
of Petroleum and Natural Gas at Russia’s landmark Federation Tower in Moscow. India’s top 5 eminent oil companies
– ONGC Videsh, IndianOil, GAIL, Oil India Ltd and Engineers India Ltd will use this as a common platform to expand
Ramesh Pokhriyal inaugurates 29th Edition of New Delhi World Book Fair 2021
Union Education Minister, Ramesh Pokhriyal ‘Nishank’ inaugurated the 29th Edition of New Delhi World Book Fair
2021 – Virtual Edition. The fair was held from March 6-9, 2021. The theme of the book fair was ‘National Education
Policy-2020’. The New Delhi World Book Fair is organized by the National Book Trust. The event saw participation
of people from 15 countries including the UK, and US, UAE, China, France, Iran, Nepal, Spain, Sri Lanka, Ukraine, and
Italy.
Foreign Secretary Shringla inaugurates South Asia Group on Energy (SAGE) at RIS, New Delhi
On 10th March 2021, Indian Foreign Secretary Harsh Vardhan Shringala inaugurated the South Asia Group of Energy
(SAGE) at the Research & Information System for Developing Countries (RIS) in New Delhi. He highlighted various
initiatives taken by India through its ‘Neighbourhood First’ policy.
Note – India is the largest producer and consumer of energy in this region.
Highlights of Inaugural Speech:
i.India is working with Bangladesh, Nepal, Bhutan & Myanmar to promote them into an energy hub.
ii.As a 1st of kind move in Asia, India makes cross border transport of hydrocarbons to Nepal through pipelines. And
provides gas through pipelines to neighbouring Bangladesh & Bhutan.
iii.Currently, 3000MW of Electricity is traded among the 4 South-Asian neighbours, India, Nepal, Bhutan &
Bangladesh.
iv.Bhutan sells India about 1400MW of its Surplus Hydrocarbon, that accounts for 25% of its GDP.
About Research and Information System for Developing Countries (RIS):
RIS is an autonomous policy research institute.
Aim- To promote cooperation between developing countries, to strengthen policy coherence on international
economic issues & development.
Chairperson – Dr. Mohan Kumar
Director General – Sachin Chaturvedi
Headquarters – New Delhi, India
Power Minister R K Singh launches GRAM UJALA in Bihar; 1st Carbon Credits Programme in India
On March 19, 2021, Union Minister of State (Independent Charge) for Power, R K Singh virtually launched the ‘GRAM
UJALA’ programme in Arrah, Bihar. Under the programme, 15 Million (1.5 Crore) LEDs with 3 years of warranty will
be given to rural customers on submission of working incandescent bulbs.
• The scheme was unveiled by Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of
Energy Efficiency Services Ltd (EESL).
• GRAM UJALA Scheme was launched since the rural population of India was still unable to afford discounted
LEDs.
• Under this scheme Government will offer the world’s cheapest LED bulbs in rural areas at an INR 10.
• The LEDs distributed have the capacities of 7-watt & 12-watt.Each household can get up to 5 LEDs.
Note – According to EESL, India is currently the second-largest LED market in the world by value.
Financial Support:-
• This scheme will be financed entirely through Carbon Credits making it the first such program in India. The
scheme will claim carbon credits under the United Nations’ Clean Development Mechanism (CDM).
• Under the scheme, the Revenue earned from carbon credits will contribute ₹60 per LED bulb piece, with the
balance of ₹10 to be paid by the rural consumer.
Impacts of Implementation
• It will have a significant impact on India’s climate change action energy savings of 2025 million kWh/year and
CO2 reductions of 1.65 million tonnes CO2/year.
• It also aims to bring in better illumination at affordable prices, a better standard of life, financial savings, more
economic activity & better safety for rural citizens.
• If all 300 Million lights in India were placed, the total energy savings will be 40, 743 million kWh/year.
• It will result in avoiding peak demand of 22, 743 MW/year & CO2 reductions of 37 million tons per year.
1st Phase of Implementation
• Under the 1st phase of the program, it will be implemented across villages of 5 states – Aarah (Bihar),
Varanasi (Uttar Pradesh), Vijayawada (Andhra Pradesh), Nagpur (Maharashtra) & in villages of Western
Gujarat.
Carbon Credit
• It refers to Carbon offset as a financial tool to reduce carbon emissions by storing carbons for future or
later use.
• It will help the individual to adopt a more concerted and disciplined approach to reduce their carbon
footprints.
Background– The government’s previous Ujala (Unnat Jyoti by Affordable Lighting for All) scheme had cut LED bulb
prices to ₹70 apiece from around ₹310 in 2014.
Recent Related News:
i.On November 17, 2020 EESL signed an MoU with the Department of New & Renewable Energy (DNRE), Government
of Goa to discuss the implementation of India’s First 100 MW(MegaWatt) decentralized solar convergence project
under the newly formed Convergence Energy Services Limited (Convergence) in Goa.
About Convergence Energy Services Ltd (CESL):
It is a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL)
CEO – Mahua Acharya.
Sadananda Gowda inaugurates 11th Edition of India Chem 2021 in New Delhi
Sadananda Gowda, Union Minister for Chemicals & Fertilizers inaugurated ‘India Chem 2021’ – the 11th Biennial
International Exhibition & Conference at New Delhi. It is organized by the Department of Chemicals &
PM Modi launches ‘Jal Shakti Abhiyan:Catch the Rain’; MoA signed for implementation of Ken Betwa Link
Project
On the Occasion of World Water Day (March 22, 2021), Prime Minister (PM) Narendra Modi launched/witnessed two
key events
• Launch of ‘Jal Shakti Abhiyan:Catch the Rain’ campaign to undertake water conservation at grass-root level
through people’s participation.
• PM witnessed the signing of a Memorandum of Agreement (MoA) between the Union Minister of Jal Shakti &
the Chief Ministers of Madhya Pradesh and Uttar Pradesh for implementation of the Ken Betwa Link Project
(KBLP). It is the 1st project under the National Perspective Plan for interlinking of rivers.
‘Jal Shakti Abhiyan:Catch the Rain’
• It is an initiative of the Ministry of Jal Shakti under National Water Mission (NWM).
• Theme – ‘Catch the rain, where it falls, when it falls’.
• Objective – To create rainwater harvesting structure suitable to climatic conditions & ensuring proper storage
of rainwater.
• Funds from MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) will be used for the
Rainwater conservation programme.
• It will be undertaken in both rural and urban areas from 22nd March, 2021 – 30th November, 2021.
• The campaign will be carried out as a Jan Andolan (People’s mass movement).
Tourism Ministry launches ‘MICE Roadshow – Meet in India’ & Inaugurates Chhatrasal Convention Centre at
Khajuraho
On 26th March 2021, Minister of State for Tourism and Culture (Independent Charge), Prahlad Singh Patel, and
Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh jointly inaugurated the ‘Chhatrasal Convention Centre’ at
Khajuraho, Madhya Pradesh. They also launched the “MICE Roadshow Meet in India” at the Chhatrasal Convention
Centre.
About Chhatrasal Convention Centre:
i.Chhatrasal Convention Centre was inaugurated at Khajuraho, Madhya Pradesh.
ii.It was developed under Ministry of Tourism’s Swadesh Darshan Scheme.
Gist about Swadesh Darshan Scheme:
i.The Scheme is an Initiative by the Ministry of Tourism & was launched in 2014-15.
ii.This Scheme will develop theme based tourism circuits in India.It Includes 15 theme-based Tourism circuits across
India.
About MICE Roadshow Meet in India:
i.MICE Roadshow Meet in India was organized by Ministry of Tourism, Government of India in association with
Madhya Pradesh Tourism and India Convention Promotion Bureau.Note – MICE is an acronym of Meetings,
Incentives, Conferences and Exhibitions.
ii.It was launched with an objective to promote India as MICE Destination.
Launch of ‘Meet in India’ Campaign:
i.‘Meet in India’ was planned to launch during the event. This will be the distinct sub-brand under ‘Incredible India’ to
promote the country as a MICE destination.
Harsh Vardhan Launches Tribal TB Initiative to achieve ‘TB Mukt Bharat’ by 2025
Union Minister for Health & Family Welfare, Dr Harsh Vardhan launched the ‘Tribal TB Initiative’ as a step towards
the goal of ‘TB Mukt Bharat’ by 2025.
i.During the event, he also released
• A Guidance Note on Joint Action Plan for Tuberculosis (TB) Elimination
• A Special Edition of Tribal Ministry’s Publication ‘ALEKH’ on TB. ALEKH is a quarterly e-newsletter of the
Ministry of Tribal Affairs which focuses on improving the health and wellbeing of the tribal communities.
• A Document on Tribal Tuberculosis (TB) Initiative.
ii.During the event, Arjun Munda, Union Minister for Tribal Affairs & Ashwini Kumar Choubey, Minister of State for
Health and Family Welfare were present.
Note-Government has already increased the Budget allocation for TB in India a four-fold in the last 5 years.
Tribal Population
The population of Tribals in India is 104 Million (across 705 tribes). They account for 8.6% of India’s Population.
• 177 Tribal districts across India have been identified as high priority districts where physical remoteness,
malnutrition, poor living conditions and lack of awareness contribute to the vulnerability of the tribal
population to TB.
• The Joint plan will initially focus on 162 Tribal districts across 18 identified states.
• It will take steps to improve vulnerability mapping techniques, organization of sensitization and capacity
building workshops for volunteers, periodic TB active case finding drives, provision of TB Preventive Therapy
(IPT) to identify vulnerable populations & developing long term mechanisms for vulnerability reduction.
Linking of Portals
Harsh Vardhan highlighted the linking of the NIKSHAY Portal of MoHFW & Swasthya Portal of the Ministry of Tribal
Affairs to boost data compilation on TB.
• NIKSHAY (Ni=End, Kshay=TB) is a patient management system for TB control under the National Tuberculosis
Elimination Programme (NTEP).
• It is a portal on tribal health and nutrition named ‘Swasthya’.
Key Points
• Recently on World Tuberculosis Day (24th March), UT of Lakshadweep & the district of Badgam in Jammu &
Kashmir were declared TB Free.
• Himachal Pradesh achieved 1st Rank in India amongst the states with a population of more than 50 Lakhs, to
end Tuberculosis under the National Tuberculosis Elimination Programme (NTEP).
FESTIVALS
Jammu & Kashmir Celebrates “Hearth” Festival
Three day long Maha Shivaratri festival, locally known as “Hearth” festival is celebrated across the Union
Territory of Jammu & Kashmir (J&K). Pandit Community across J&K celebrated the festival with religious
offerings “Watak Nath Pooja”. The festival marks the wedding of Lord Shiva with Goddess Parvati.
i.Biggest gathering of the festival was observed at Shankaracharya Temple, which is located near the Dal lake in
Srinagar.
ii.This event is observed on the intervening night of 13th and 14th in the lunisolar month of the Hindu calendar.
iii.The event was celebrated with ‘Fish’, the traditional food of J&K.
About Jammu & Kashmir:
Lieutenant Governor – Sh. Manoj Sinha
1st Lt. Governor – Girish Chandra Murmu
Summer Capital – Srinagar
Winter Capital – Jammu
Amarnath Yatra is conducted annually at Srinagar.
OTHER NEWS
MTRC System Commissioned in Trains ; First of its Kind in Indian Railways
On March 1, 2021, Alok Kansal, General Manager, Western Railway inaugurated the newly commissioned Mobile
Train Radio Communication (MTRC) system (also known as Global System for Mobile Communications – Railway
(GSM-R)) at Divisional Railway Manager’s office in Mumbai, Maharashtra. It is the 1st time that MTRC has been
commissioned in Indian Railways (IR).
• MTRC System is a TETRA (Terrestrial Trunked Radio) based Digital technology.
• It can help in preventing train accidents by ensuring an instant & constant interaction of train crew with the
Control Centre and the Station Master.
• It will monitor, track (through GPS) & aid in communication between the trains & the control room and ensure
smooth movement of rakes & in mitigation of adverse events.
World Customs Organisation recognizes CRCL, New Delhi as Regional Customs Laboratory for Asia-Pacific
Region
World Customs Organisation (WCO) has recognized the Central Revenues Control Laboratory (CRCL), New Delhi,
which functions under the Central Board of Indirect Taxes & Customs (CBIC) as a Regional Customs Laboratory (RCL)
of the WCO for the Asia-Pacific Region.
• On this behalf, a virtual signing ceremony was held in which M Ajit Kumar, Chairman of CBIC & Mr Kunio
Mikuriya, Secretary General of WCO signed a Memorandum of Understanding (MoU).
• With this recognition, CRCL will join a select group of Customs Laboratories in the region like those in Japan &
South Korea.
Purpose of RCL
• To conduct Capacity Building programs in the field of Chemical Analysis & conduct information exchange in
Customs chemical analysis field & other scientific matters.
• It will also help in chemical analysis for tariff classification & identifying illicit drug trafficking routes through
signature analysis.
• Improvement in Chemical analysis will mean increase in revenue collection, smoother trade facilitation &
better protection of public health & society.
Central Revenues Control Laboratory (CRCL)
• It was established in 1939.
• It is the headquarters of 14 Revenue Laboratories, including 2 laboratories working at Government Opium &
Alkaloid Works, Ghazipur (Uttar Pradesh) & Neemuch (Madhya Pradesh).
• Around INR 80 Crore has been spent on upgrading the CRCL Laboratory. It now has instrument based testing
to facilitate faster clearances without compromising on law enforcement.
The International Commission on Large Dams (ICOLD) Symposium on Sustainable Development of Dams &
River Basins held in New Delhi
In February 2021, a 4 day long International Commission on Large Dams (ICOLD) Symposium on Sustainable
Development of Dams & River Basins was held in hybrid format in New Delhi. Minister for Jal Shakti, Gajendra Singh
Shekhawat was the Chief Guest of the Event. The event acts as a forum to share expertise on latest technologies in
Dam construction, dam safety measure etc. Advanced technologies can be implemented in Dams to generate clean
and cost effective energy, thereby ensuring India’s commitments to the Paris Climate Agreement.
India to fund NPR 246 Million for Restoration of 3 Cultural Heritage Projects in Nepal
A Memorandum of Understanding (MoU) & Contract Agreement for restoration of 3 more Cultural heritage sites in
Nepal were signed between India & Nepal. India will fund NPR 246 Million (~ INR 15.498 Crore) under
the Government of India reconstruction grant for the 3 Restoration Projects, the projects are
Project, Place Undertaking Agency
INTACH
Jestha Varna Mahavihara, Lalitspur (Indian National Trust for Art and Cultural Heritage)
CLPIU (Building)
Sulighyang Gumba, Sindhupalchowk district (Central Level Project Implementation Unit, Nepal)
Shermathang Gumba, Sindhupalchowk district CLPIU (Building), Nepal
Signatories
The signing of MoU was witnessed by the Head of Development Partnership & Reconstruction Wing of the Embassy of
India to Nepal & Project Director of CLPIU (Building) of National Reconstruction Authority (NRA).
• The contract for reconstruction of 3 cultural heritage projects was signed by India on February 11, 2021.
Key Points
• All 3 Buildings were damaged during the 2015 earthquake.
• India is undertaking reconstruction of 28 cultural sector projects under the Indian reconstruction grant of
which 6 contracts have already been awarded & reconstructed.
• India has committed a total of USD 50 Million (NPR 5800 Million) for conservation, restoration &
reconstruction of 28 cultural heritage sites in 8 districts of Nepal
AIM,NITI Aayog tie-up with MathWorks to strengthen the Deep-tech startup ecosystem of India
On March 02,2021, Atal Innovation Mission (AIM), NITI Aayog, partnered with MathWorks-the developer of
mathematical computing software for scientists and engineers to strengthen the Deep-tech startup ecosystem of
India.
The virtual program was attended by officials of AIM, NITI Aayog, MathWorks, AIM supported startups, AIM
supported incubators, and mentors amongst others.
Partnership’s benefit to the startups
This partnership will provide the following benefits to the startups supported by AIM
• Access to steps of the art MathWorks tools including MATLAB and Simulink
• Access to MATLAB community, Engineering support, Online training
• Opportunities to use MathWorks’ domestic and global reach to create awareness about the startup products.
• To encourage innovation and increase the product development of the early-stage companies.
AIM and MathWorks key strategies
• AIM and MathWorks planned to organize a series of knowledge-sharing sessions for incubators and startups to
train and support them.
• To use the technology and domain expertise of MathWorks to train the startups and incubators in areas of
technical computing, engineering design and AI based innovations.
• Supportive for the entrepreneurial ecosystem in India
Recent Related News:
On October 13, 2020, AIM, NITI Aayog signed a Statement of Intent(SOI) with CGI India to promote innovation in
schools.
About MathWorks
It is an American privately held corporation that specializes in mathematical computing software. Its major products
include MATLAB and Simulink, which support data analysis and simulation.
CEO – John N. “Jack” Little
Headquarters -Natick, Massachusetts, USA
About Atal Innovation Mission (AIM)
Atal Innovation Mission (AIM) is a flagship initiative by NITI Aayog, Government of India to promote a culture of
innovation and entrepreneurship in the country.
Mission Director – Ramanan Ramanathan
Headquarters – New Delhi
India assists Drought hit Madagascar with 1000mt rice & 1 lakh HCQ tablets
On March 3rd, India sent 1,000 metric tonnes (mt) of rice along with 1 lakh Hydroxychloroquine tablets in INS
Jalashwa to the drought hit Madagascar. The Indian ocean region country was in severe drought for the past 3
years and currently the situation has worsened. An Indian Navy Training team is sent along with the consignment to
train the Madagascar Special Forces. Earlier, In 2018, a consignment of 1,000 metric tonnes of rice was delivered on-
board an Indian naval vessel to Madagascar.In March 2020,India delivered 600 tonnes of rice as HADR assistance to
Madagascar.
NSDC Collaborate with SahiPay to Promote Digital Financial Literacy among Youth
The National Skill Development Corporation (NSDC) collaborated with SahiPay, an Android-based integrated
platform developed by Manipal Business Solutions (MBS) to promote nano-entrepreneurship amongst youth in the
financial services sector.
• As a part of collaboration, candidates will be provided access to free digital skilling on ‘Online
Entrepreneurship Program’ through NSDC’s eSkill India portal.
Key features of Collaboration:
i.It will provide youth an opportunity to explore self-employment for sustainable livelihood.
ii.Candidates will be provided knowledge on the content which include Entrepreneurship, Know Your Customer
(KYC), Security and Compliances, Communication Skills, Banking Services, AePS Banking, Payment Services (UPI, QR
Code, Cards), Domestic Money Transfer, Value Added Services (Bill Payments/Recharges) and SahiPay Platform &
Services.
iii.eskill platform is a digital skilling initiative from NSDC that aggregates digital learning resources through various
Indian and global knowledge partnerships, to explore online skill-courses anytime, anywhere for the Indian youth
across 10 Indian languages.
iv.NSDC and SahiPay will also organize various digital and on-ground initiatives to create wider awareness about
digital financial literacy.
Co-operation between eSkill India & MBS’ SahiPay platform:
i.eSkill India’s knowledge partnership with MBS’ SahiPay platform will facilitate the digital skilling of youth towards
financial inclusion and help create a holistic ecosystem for the promotion of self-employment and nano –
entrepreneurship in the financial services sector.
ii.“Digital Financial Literacy and Creation of Nano Entrepreneurship” is an exclusive financial entrepreneurship
program, which offers a comprehensive understanding of the Indian banking and financial sector along with
operational know-how of integrated payment platform offered by SahiPay.
iii.“Skill-based Entrepreneurship Program” is aimed to provide the candidates instant employability and opportunity
to earn through diversified services of SahiPay.”
BRO builds 200ft ‘The Bridge of Compassion’ across Rishiganga river in Uttarakhand
The Border Road Organisation (BRO) has built a 200 feet bridge across Rishiganga river, connecting 13 villages
in Uttarakhand. The bridge was built by BRO in a record 26 days, as a replacement to the 90-metre Reinforced
Cement Concrete (RCC) bridge that was washed away in the February 7 flash floods in Rishiganga river. The flash
flood had also washed away the Rishganga Hydroelectric Project, leading to 200 workers getting trapped. As a
tribute to the sacrifice of the Power plant workers, the bridge was named as “The Bridge of Compassion”.
GST e-invoicing mandatory for Businesses with over INR 50 Crore Turnover from April 1, 2021
According to a notification by the Central Board of Indirect Taxes & Customs (CBIC), Government is set to mandate
Electronic-invoicing (e-invoicing) under the Goods and Services Tax (GST) regime for business entities with a
turnover of INR 50 Crore & more from April 1, 2021 (start of next financial year) for business to business
transactions.
• It is the 3rd Phase of mandatory e-invoicing under the GST regime. The 1st phase of e-invoicing covered
business entities with INR 500 Crore turnover & the 2nd phase covered entities with INR 100 Crore.
• E-invoicing is mandatory under Central Goods and Services Tax (CGST) Rules, 2017.
Benefits
• To bring transparency in sales reporting, minimising errors and mismatches.
• Automation of data entry work & improving compliance.
• It will help in the prevention of Tax Evasion.
• E-invoicing facilitates the easy generation of the e-way bill.
e-invoicing
Taxpayers need to generate invoices on their internal system and report them online to the Invoice Registration
Portal (IRP) of the Government, which will validate the information and return the digitally signed e-invoices with a
unique ‘Invoice Reference Number (IRN)’ along with a QR Code to the taxpayer.
India’s Largest Floating Solar Power Plant at Telangana to be commissioned by May 2021
India’s Largest Floating Solar Power Plant of 100 MegaWatt (MW) capacity being constructed at Ramagundam in
Peddapalli district of Telangana is set to be commissioned by May-June, 2021. It will be India’s largest floating solar
plant in a single location as of now.
• It is being developed by NTPC South (formerly known as National Thermal Power Corporation Limited) at a
cost of INR 423 Crore over the water surface of Sri Ram Sagar Project Reservoir.
• It will also be India’s biggest floating solar plant, by generation capacity, to date.
• Along with the 100 MW Ramagundam solar plant, two other projects namely the 92 MW floating unit at
Kayamkulam gas plant in Kerala & the 25 MW unit at Simhadri power plant in Visakhapatnam, Andhra
Pradesh will also be commissioned by May-June, 2021.
NTPC in South Region
The total capacity of all projects being developed by NTPC in the region is 447 MW.
• Out of 447 MW, 217 MW (100 MW project, 92 MW project & 25 Mw project) capacity will be commissioned by
May 2021
• The remaining 230MW will be generated by a ground-mounted solar power plant at Ettayapuram,
Thoothukudi district of Tamil Nadu, which will be commissioned by March 2023.
Fact
NTPC Southern region has a total installed capacity of about 9, 125 MW, out of NTPL’s total capacity of 64, 880 MW in
India.
Coal-fired thermal power project at Ramagundam
NTPL is also in the process of commissioning a 2 X 800 MW coal-fired thermal power project at Ramagundam,
Telangana.
• Phase I unit of 800 MW will be commissioned by January 2022
• Phase II of 800 MW by March 2022
Recent Related News:
i.The World’s Largest Floating 600 Megawatt (MW) Solar Energy Project which is under construction at
Omkareshwar dam on Narmada river in the Khandwa district of Madhya Pradesh is set to begin power generation by
the year 2022-23.
About NTPC limited:
Established – 1975
CMD – Gurdeep Singh
Headquarters – New Delhi
40 scholars from 6 countries recommended for Indian Science Research Fellowship (ISRF) 2021
Forty scholars from six countries have been recommended for award of Indian Science Research Fellowship (ISRF)
2021. As part of India’s initiatives to engage with neighbouring countries to develop Science and Technology (S&T)
partnerships, the Department of Science and Technology (DST) has launched ISRF Programme. Countries covered
under this programme are Afghanistan, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Sri Lanka, and Thailand.
Google honours ‘India’s Satellite Man’ Udupi Ramachandra Rao with doodle on his birth anniversary
On March 10, 2021 Google has honoured ‘India’s Satellite Man’ Udupi Ramachandra Rao with doodle on his 89th
birth anniversary, who was an Indian space scientist and chairman of the Indian Space Research Organisation (ISRO)
between 1984-94, supervised the 1975 launch of India’s first satellite “Aryabhata.”
• He was born in Karnataka in 1932.
• He was awarded the Padma Bhushan in 1976 and Padma Vibhushan in 2017 and became the first-ever Indian
to be inducted into the Satellite Hall of Fame in the year 2013 by the Society of Satellite Professionals
International.
Railway Minister Piyush Goyal Flagged off the 3000 HP Cape Gauge Locomotive for export to Mozambique;
Developed by BLW
On March 10, 2021, Union Minister of Railways, Piyush Goyal Virtually flagged off the two 3000 Horse Power
(HP) Cape Gauge Locomotive for export to Mozambique. It was indigenously developed by Banaras Locomotive
Works (BLW), Varanasi, a production unit of Indian Railways.
• This is BLW’s first AC-AC traction system3000 HP, Cape Gauge locomotive.
• These Locomotives will be exported through Rail India Technical and Economic Service (RITES) Ltd.
• Funded – India.
• M/s Bureau Veritas/Noida an International inspecting agency was appointed by Mozambique Railway for
inspecting these Locomotives at BLW, Varanasi.
Target- India Planned to become a net-zero Railway & power our entire electricity requirements by renewable
energy by 2030. India is set to become the first large railway in the world to become 100% electric traction driven.
Background:
This export is part of BLW’s order received from Mozambique on January, 2020 for 3000 HP cape gauge locomotive
and 90 stainless steel passenger coaches to Mozambique. This contract will enhance the Indian Government’s Motto,
Make-in-India & Atmanirbhar Bharat.
Objective – This export will boost the Indo-African relationship.
Key Points:
i.2 locomotivs were completed within 14 months after getting confirmed order in January 2020.
ii.Most Tedious Process of manufacturing is, Engine.This critical item of Engine i.e. Crank-case assembly was also
developed in BLW.
iii.Indian Railways’ BLW will provide Training and Maintenance support, besides locomotives and spares, for multi
traction multi gauge systems. Similarly, India will work as Trusted Partner of Mozambique.
Features of 3000 HP Cape Gauge Locomotive:
i.Design -This Loco has a Cape Gauge Bogie with maximum axle load of 20 ton and capable for 100 km/h speed.
ii.Transporting Capacity – It has capacity of 2255 ton at 100 kmph at level track and maximum tractive effort of
400N.
iii.Comfortability– It has ergonomically designed seats, integrated Graphic Driver Display, and also provided with
Heating Venting AC (HVAC) for better crew comfort and reducing fatigue.
iv.Fuel Capacity – Larger fuel tank of 6000 liters for longer operation.
New passenger train service between Dhaka and New Jalpaiguri set to start from 26th March
A new passenger train service between Dhaka, Bangladesh and New Jalpaiguri, West Bengal, India is set to start
from the 26th of March 2021 marking the 50th Anniversary of the liberation of Bangladesh.The direct train
between Dhaka and New Jalpaiguri will run through the Chilahati-Haldibari cross-border rail route.
• Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina will flag off the new passenger
train on the occasion of the Birth Centenary Celebration of Bangabandhu Sheikh Mujib and 50 years of
Liberation of Bangladesh.
• The Haldibari-Chilahati train route was opened for goods transport in December 2020 train after a gap of 55
years during the virtual summit between two prime ministries. The passenger train will also run on the same
route.
Sir M Visvesvaraya Terminal- India’s 1st Centralized AC Terminal set to become operational in Bengaluru
‘Sir M Visvesvaraya Terminal’ – India’s 1st Centralized Air-
Conditioned Railway Terminal at Baiyappanahalli in
Bengaluru, Karnataka is set to become operational soon.
• It is being developed by the Indian Railways at a
cost INR 314 Crore and has been named after one of
India’s 1st Civil Engineers, Bharat Ratna Sir M
Visvesvaraya.
• The terminal will decongest the KSR Bengaluru &
Yesvantpur stations.
• It was sanctioned in 2015-16 and is the 3rd Coach
Terminal in Byappanahalli.
• It has been built in an area of 4, 200 Sq Kms and is capable of serving more than 50, 000 passengers on a daily
basis with 50 trains running on an average per day.
India’s 1st dedicated Express Cargo Terminal launched at Kempegowda International Airport
On 12th March, 2021 India’s 1st dedicated Express
Cargo Terminal, exclusively for export and import of
international couriers was inaugurated in Kempegowda
International Airport, Bangalore. It is developed by
Bangalore International Airport Limited (BIAL).
• The 2,00,000 sq.ft Export Cargo Terminal will also
accommodate international courier organisations
like DHL Express & FedEx Express, under the
Common-User Express Terminal that will
be operated by Express Industry Council of India
(EICI).
Note- At Present, Kempegowda International Airport is the largest cargo Airport in South India.
About Export Cargo Terminal:
i.This new facility will enhance the cargo processing capability by 1,50,000 Metric Tonnes (MT), thus overall
annual cargo capacity will increase from the current 570,000 MT to 720,000 MT.
Benefits of Export Cargo Terminal:
i.This new facility will enable global logistic providers to reduce transaction time and cost for the shipper thus
improving Ease of Doing business.
ii.It will strengthen the export cargo market in South India.
India’s Busiest Cargo Airport by Volume:
1. Indira Gandhi International Airport, New Delhi
2. Chhatrapati Shivaji Maharaj International Airport, Mumbai
3. Kempegowda International Airport, Bangalore
Recent Related News:
i.Bengaluru’s Kempegowda International Airport becomes the 1st airport in India to get an Aviation Weather
Monitoring System (AWMS) at both ends of the runway.
ii.Adani Group to Acquire 74% Stake in Mumbai International Airport Limited.
About Express Industry Council of India (EICI):
Chief Executive Officer (CEO) – Vijay Kumar
Location – Chhatrapati Shivaji International Airport Area, Mumbai.
About Karnataka:
Festivals- Vijaya Utsav (Hampi Utsav), Karaga, Kambala (Buffalo Race).
Nicknames:
Rome of East – Mangalore
Scotland of India – Coorg
Silicon Valley of India – Bangalore
MG Motor partners with IIT Delhi for Research in Electric, Connected & Autonomous Vehicles
On 15th March, 2021 MG Motor India partnered with Indian Institute of Technology (IIT) Delhi’s Centre for
Automotive Research and Tribology (CART) for enhanced research in deployment of Electric, Connected &
Autonomous Vehicles in India’s Urban landscape.
• This partnership for research in CASE mobility (Connected – Autonomous – Shared – Electric) was made
through IIT-Delhi’s Industrial Interface Organisation, Foundation for Innovation and Technology Transfer
(FITT).
i.Previously, MG Motor & IIT Delhi had partnered-
• In a year-long project to boost child safety seats in cars through geofencing.
• Hackathon on making transportation services safer & greener.
ii.MG Motors has donated an electric SUV, ZS EV to IIT Delhi for research purposes.
Note- MG Motors launched India’s 1st autonomous Level 1 premium SUV – Gloster
iii.The Centre for Automotive Research and Tribology (CART) at IIT Delhi will conduct high level research in
Electric Vehicles (EV).
Research include – Battery-operated EV, Hybrid EV, and Alternate energy sources, Autonomous & Connected
vehicles.
Connected Vehicles:
i.They are Self Driving vehicles that use information from cameras, lasers and radar to create a 3D digital map of
their surroundings to make safe driving feasible.
ii.They use the Internet of Things (IoT) effectively to communicate among devices, to make driverless vehicles a
reality.
FITT: Established in 1992 at IIT Delhi, as an Industrial Interfacing Organisation to Foster Industry focused research
among students.
Recent Related News:
i.NHAI signs an MoU with IIT Delhi to set up CoE for Advance Data Management System for Highways.
ii.Nitin Gadkari launched the “Go Electric campaign” to give a boost to electric mobility and use of electrical
appliances across the country.
About MG Motor India:
Headquarters – Gurugram, Haryana
President & MD – Rajeev Chaba
Founded – 2017
About IIT-Delhi:
Established – 1961
Director – V. Ramgopal Rao
Indian Railways connects 2 ends of arch of ‘Chenab Bridge’ – World’s Highest Railway Bridge
Indian Railway has successfully connected the 2 ends of the main arch of ‘Chenab Bridge’ – World’s Highest Railway
Bridge. It is being built by Konkan Railway
Corporation Ltd (KRCL) at a cost of INR 12, 000
Crores.
• The bridge is 1.315 Kms long and is to be
completed by the end of 2021.
• It is being constructed over the River Chenab
which is 35 Metres higher than the Eiffel Tower
in Paris, France.
• The bridge will connect Bakkal (katra) and Kauri
(Srinagar) in the Reasi district of Jammu &
Kashmir UT.
• The Chenab bridge is part of the 111-Km Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project.
• Three agencies; IRCON, KRCL and Northern Railway with extensive experience in the construction of rail lines
are involved in this project.
About Konkan Railway Corporation Limited (KRCL):
Chairman & Managing Director (CMD)– Sanjay Gupta
Headquarters – Navi Mumbai, Maharashtra
IOCL, Phinergy Ltd form JV to manufacture Metal-Air Batteries;2 Indian firms sign LoI
On March 17, 2021, An ‘Equal’ Joint Venture (JV) called ‘IOC Phinergy Private Limited’ of Indian Oil Corporation
Limited (IOCL) & Israeli firm ‘Phinergy ltd’ was formalised. Under the JV, both entities will also undertake research
and development, assembly, manufacturing & sale of aluminium-air batteries for the Indian market.
• Objective – To manufacture Ultra-Lightweight Metal-air Batteries for Electric Vehicles (EVs)
using Aluminium Air Batteries (Al-Air) technology & to boost the e-mobility.
• The partnership will help India in realizing ‘Atma Nirbhar’ for energy requirements.
• The JV also aims to develop fuel cells & Indigenous hydrogen storage solutions for promoting green mobility
(with a focus on electric vehicles).
• Dharmendra Pradhan, Ministry of Petroleum and Natural Gas & Dr Yuval Steinitz, Minister of Energy, Israel
were present during the launch.
First Customers
• Maruti Suzuki & Ashok Leyland signed a Letter of Intent (LoI) with the new JV ‘IOC Phinergy Private
Limited’ for support & commercialization of its Al-Air Technology.
• Indian automobile firms Maruti Suzuki, Ashok Leyland & Mahindra Electric will be part of the validation of
the technology.
Use of Recyclable Aluminium
• The JV aims to replace Lithium with Aluminium to make batteries that will charge faster and give a longer run.
• Domestically available Recycled Aluminium will be used for the Project.
Background
• The collaboration was initiated during the visit of Indian Prime Minister Narendra Modi to Israel in July 2017.
Benefits
• It will help in the decarbonization of mobility.
• It will help in the Faster adoption of e-vehicles in India.
UNDP Launched ‘Sahi Disha’ Campaign to Celebrate Women’s Livelihoods in Rural India
The United Nations Development Programme (UNDP) launched ‘Sahi Disha’ campaign to celebrate the livelihoods
and entrepreneurship of women in rural India. The campaign aims to highlight the issues that affect the rural
women’s opportunity to access jobs, livelihood and to establish enterprises to become self-reliant.
About Disha initiative:
i.The Disha initiative is a 5-year partnership between UNDP and IKEA Foundation
ii.The initiative enables the women to gain access to job and livelihood opportunities across 5 states:
• Delhi NCR
• Haryana
• Karnataka
• Maharashtra
• Telangana.
iii.The initiative also provides psycho-social support to mentor and empower women in starting their own
enterprises, challenging the gender bias at home and in society.
Aim:
• To help 1 million underprivileged women in India to learn marketable skills and get income opportunities.
• To help women to become economically self-sufficient to provide better opportunities for their families and
future generations.
Recent Related News:
On August 26, 2020, the Department of Economic Affairs (DEA), Ministry of Finance in partnership with the United
Nations Development Programme (UNDP) India launched the Sustainable Finance Collaborative (SFC). In this regard,
a three days consultation centered on the broad scope of Sustainable Finance architecture in India was held to
accelerate green finance by bringing together leading experts and organizations.
About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, United States of America
Govt Considers To Set Up Ayush Export Promotion Council To Boost Global Trade
Piyush Goyal, Minister of Commerce and Industry informed that the AYUSH Ministry consulting with the stakeholders
to set up an AYUSH export promotion Council(EPC) and the procedure to set up the council are being taken.
• Federation of Indian Chambers of Commerce & Industry(FICCI) will coordinate with the Department of
Commerce and the Indian Industry members interested in forming a corpus for the EPC.
• In December 2020, Union Minister, Piyush Goyal and AYUSH minister Shripad Naik jointly decided that both
Ministries will work together to boost the export of AYUSH Products.
IBBI & British High Commission released an ethical handbook for IPs
On March 19, 2021, in New Delhi, the Insolvency and Bankruptcy Board of India (IBBI) in association with the British
High Commission has prepared and released a publication titled “Handbook on Ethics for Insolvency Professionals:
Defence Minister Rajnath Singh Received Interim Dividend Cheque Of Rs. 92.56 Crore From DPSU – MDL
On 3rd March 2021, Defence Minister Rajnath Singh received the interim dividend cheque of Rs.95.56 crore from the
Mazagon Dock Shipbuilders Limited (formerly called Mazagon Dock Limited – MDL), a Defence Public Sector
Undertaking(DPSU) in New Delhi.
i.Vice Admiral Narayan Prasad (Retd.), Chairman and Managing Director of MDL handed over the cheque to the
Defence Minister.
ii.With this, MDL has paid a total dividend of Rs.138.73 crore to the Government during FY2020-21 including a final
dividend of Rs. 46.17 crore for FY2019-20.
• DPSU Bharat Electronics Ltd (BEL) has paid an interim dividend of 140% – Rs 174.43 crore interim dividend
to the government.
Labour & Employment Minister, Santosh Kumar Gangwar Released ‘Compendium on CPI for Industrial
Workers’
On 18th March 2021, Santosh Kumar Gangwar, Minister of State (Independent Charge), Ministry of Labour and
Employment Released Compendium on Consumer Price Index for Industrial Workers(CPI-IW) (Volume I-IV,
1945 to 2020) which will be helpful for Researchers, Policy makers and Students.
• This Compendium is a first of its kind publication.It is Compiled by Labour Bureau, Ministry of Labour and
Employment. It was released while Labour Bureau is celebrating the centenary year.
What is Consumer Price Index for Industrial Workers(CPI-IW)?
CPI-IW is an economic indicator that measures the change in price of goods and services consumed by the indexed
populations.
Key Points:
i.The Compendium contains detailed and comprehensive information and explanations on compiling consumer price
index (CPI).
ii.The Compendium was formed by compiling the data in the form of Index from 1945 to till date.
iii.It Provides a comprehensive details of Key Concepts, definitions, methodology & the Index numbers compiled for
CPI-IW.
Composition of Compendium:
i.The information ranges from interim series of 1944 and 1949 to 1960 to 1982 and to the latest gone by series of
base 2001 for the period January 1945 to August 2020.
ii.The first volume has chapters related to interim series and index data on base 1944 and 1949 for the period
January 1945 to March 1954 and for April 1954 to July 1968, respectively.
iii.The second volume provides index data on 1960 series for the period August 1968 to September 1988.
iv.The third and fourth volume give similar information on base 1982 for the period October 1988 to December 2005
and on base 2001=100 for January 2006 to August 2020.
Benefits of Compendium:
Digitization of historical data on CPI-IW (consumer price index for industrial workers) in the shape of compendium
will bridge the data gap on the subject and will be an inspiration to other agencies.
What is CPI?
i.CPI is an index measuring retail inflation in the economy by collecting the change in prices of most common goods
and services used by consumers.
ii.In India, there are four consumer price index numbers, which are calculated, and these are as follows: CPI for
Industrial Workers (IW) CPI for Agricultural Labourers (AL) CPI for Rural Labourers (RL) and CPI for Urban Non-
Manual Employees (UNME).
iii.Ministry of Statistics and Program Implementation collects CPI (UNME) data and compiles it, the remaining three
are collected by the Labour Bureau in the Ministry of Labour.
UNOPS & Denmark partners to provide Technical Support for Jal Jeevan Mission in UP
On 22nd March 2021, the World Water Day, Government of Denmark and the United Nations Office for Project
Services (UNOPS) entered into a partnership to provide strategic technical support for implementing Jal Jeevan
Mission (JJM) in Uttar Pradesh.
• 11 water-scarce districts of Bundelkhand & Vindhya regions of Uttar Pradesh will be assisted with scalable
delivery models by UNOPS.
Objective- The cooperation will render technical support to provide tap water connection to every house.
i.UNOPS will assist in community mobilization, capacity building, training etc.
ii.All support will be provided as per the Operational Guidelines of JJM
iii.This comes as an outcome of Indo-Danish bilateral cooperation on achieving JJM’s goals.
Govt. spends Rs. 11.82 cr for Implementing National Digital Health Mission in 6 UTs
Central Govt. has spent Rs. 11.82 crores for Implementing the National Digital Health Mission (NDHM) since its roll
out in 15th August 2020 under pilot basis in 6 Union Territories– Chandigarh, Ladakh, Dadra and Nagar Haveli
Supreme Court rules out Extension of 6-month Moratorium, waives Compound Interest
On March 23, 2021, Supreme Court (SC) Bench of Justices Ashok Bhushan, R Subhash Reddy & MR Shah rejected the
further extension of six months’ period (March 1,2020 to August 31,2020) of the loan moratorium scheme issued by
the Reserve Bank of India due to the COVID 19 Pandemic against a petition filed by the traders and corporate bodies/
big borrowers.
• SC also added that no Interest on Interest (Compound Interest) will be charged on borrowers during the
Moratorium period irrespective of the Loan Amount and any amount collected will be refunded.
• The refund or the adjusted amount is likely to be in the range of Rs 7000 crore to Rs 8000 crore.
• The Supreme Court has also refused to waive the entire interest on the loans, which government requires a
major amount of Rs 6 lakh crore.
Background
• On 27 March, 2020, RBI announced a Loan Moratorium Scheme, allowing lending institutions to grant a
temporary relief to borrowers for payment of installments of term loans falling due between 1 March 2020 &
31 May 2020 due to the pandemic and consequent downturn in economic activities.
• The scheme aimed to provide borrowers more time to pay their EMIs without being classified as NPAs (Non-
Performing Assets).
GoI’s Loan Waiver
• In October, 2020, Government of India decided to waive Compound Interest on loans of up to INR 2 Crore for
the six-month moratorium period. It was announced for 8 categories – MSME (Micro, Small and Medium
Enterprises), education, housing, consumer durable, credit card dues, auto, personal, and consumption.
• It is estimated that will cost the government Rs 14,000 crore to Rs.15000 crores for complete waive of
compound interest to all borrowers, according to credit rating agency ICRA.
• Banks have already refunded the compound interest paid by borrowers for loans below Rs 2 crore was
estimated to be Rs 6,500 crore, the extended waiver will cost an additional Rs 7,000-7,500 crore.
NPAs of India’s Banking Sector
• At the end of 2020, the gross NPA of Indian Banks stood at INR 7.4 Trillion, while net NPA stood at INR 1.7
Trillion due to SC’s standstill order on fresh bad loans.
• GNPA could have risen to INR 8.7 Trillion & net NPA ratio to INR 2.7 trillion in the absence of SC’s Standstill
order.
Recent Related News:
i.On 10th September 2020, The Ministry of Finance formed a three-member expert panel headed by Rajiv Mehrishi,
former comptroller and Auditor General of India to assess the impacts of the waiver of interest on the moratorium
loans offered to the COVID-19 affected borrowers which ended on 31st August 2020.
About Supreme Court of India:
Chief Justice – Sharad Arvind Bobde (47th CJI of India)
Location – Delhi
Andaman & Nicobar attains 100% Functional Household Tap Connection under Jal Jeevan Mission
On World Water Day, 22nd March 2021, Lt. Governor of Andaman & Nicobar, Admiral D K Joshi, announced the Union
territory (UT) as 100% Functional Household Tap Connection (FHTC) under Jal Jeevan Mission (JJM). With this
Andaman & Nicobar becomes India’s 1st UT and the 3rd state/UT to achieve the target (only after Goa & Telangana).
• Further the UT is planning to convert Jal Shakti Mission into a People’s Mission, where every house shall have a
pond with fish, besides Water harvesting.
• Target of JJM-Tap Water connection to all rural households by 2024.
Bihar set to become India’s 1st State to have 2 Green Energy Efficient Towns
Bihar is set to become India’s 1st State to have 2 Green Energy Efficient towns, the 2 towns are Rajgir & BodhGaya.
They will start getting Solar Energy through 1st of its kind Renewable energy project from 2023.
• The green energy supply required for running the towns will be developed and supplied by the Solar Energy
Corporation of India (SECI).
• To implement the project, the state government of Bihar will construct 500 MW solar energy plants at
Lakhisarai & Bhagalpur.
• Bihar has opted for a bundle power plan, using solar energy during the day and hydel power through pump
storage facility in evening to meet its full requirement of clean power for Rajgir and Bodh Gaya.
• After Rajgir & BodhGaya, many important government offices in Patna like the Governor house, High Court,
Museum & Vidhyut Bhawan would also run on green energy supplied by SECI.
Excess Power
The excess solar energy generated by the proposed plants will be used to run the turbines for water supply and other
power-driven works.
Solar Energy Corporation of India (SECI)
• It is the only CPSU (Central Public Sector Undertaking) dedicated to the Solar Energy Sector. However, at
present the mandate of SECI has broadened to cover the entire renewable energy domain.
• It comes under the administrative control of the Ministry of New & Renewable Energy (MNRE).
• It was set up in 2011 to facilitate the implementation of the National Solar Mission (also known as Jawaharlal
Nehru National Solar Mission – JNNSM)
Recent Related News:
i.On February 12, 2021, Bihar State Pollution Control Board (BSPCB) signed a MoU with UNEP to develop a
framework for achieving climate resilience & low-carbon development in the state by 2040. Bihar became the 1st
Indian State to sign such an agreement.
About Solar Energy Corporation of India (SECI):
Chairman & Managing Director – Jatindra Nath Swain
Headquarters – New Delhi
About Bihar:
Chief Minister – Nitish Kumar
Governor – Phagu Chauhan
ICM, Think Tank of MEA and IOM to collaborate for joint Study on Migration
On 23rd March 2021, The India Centre for Migration (ICM), a research think tank of the Ministry of External Affairs
(MEA), entered into collaboration with International Organisation for Migration (IOM) for the joint study
on “Strengthening data-informed and migrant-centred migration management frameworks in India”.
• The project was launched by Sanjay Bhattacharyya, Secretary (CPV & OIA) and Chairman of ICM.
Aim:
i.To address the issues of international migration that gained momentum during the post COVID-19 recovery efforts.
ii.To provide a gender sensitive approach and policies.
Objective of the study:
i.Best practices with regards to international migration data management to strengthen evidence based policy
Kempegowda Airport becomes 1st in South India to have operational Parallel runways
Bengaluru’s Kempegowda International Airport became the 1st Airport in South India to have a fully operational
parallel runways. This comes as a result of the Airports northern runway coming to operation which was closed for
renovation and upgrades in June 2020.
• While the Southern runway is equipped with a CAT III B System that provides precision landing facility by
improving runway visibility.
• Due to reduced passenger traffic caused by the pandemic, it was decided not to implement the CAT III B
system in the Northern runway.
STATE NEWS
Kushinagar Airport Becomes 3rd Licensed International Airport of UP
Directorate General of Civil Aviation (DGCA) has given 4C license to Kushinagar Airport, Kushinagar district,
UttarPradesh(UP) to operate international flights. With this, the airport has become the 3rd licensed International
Airport of UP after Chaudhary Charan Singh International Airport in Lucknow, and Lal Bahadur Shastri International
Airport in Varanasi. It is the 87th airport in India. The airport will operate both domestic and international flights.
Chhattisgarh CM Bhupesh Baghel presented HEIGHT State Budget worth Rs 97,106cr for FY22
On March 1, 2021, the Chief Minister (CM) of Chhattisgarh
Bhupesh Baghel, who also holds the Finance portfolio,
presented a budget of Rs 97,106 crore for 2021-22 based
on HEIGHT.
Expansion of term HEIGHT,
H stands for holistic development,
E for education (equal opportunity for all),
I for infrastructure, G for governance,
H for health and
T for transformation.
• The state budget has made 38% provision for the social sector, 39% for the economic sector and 23% for the
general service sector.
• No new taxes are proposed in this budget.
Growth estimation of the state
i.State’s Gross Domestic Product (SGDP), at current prices, is estimated to increase from Rs 3,44,955 crores in the
year 2019-20 to 3,50,270 crore in 2020-21, an increase of 1.54%.
ii.The per capita income is estimated at Rs 1,04,943 in FY21 as compared to 1,05,089 in 2019-20, which is only
0.14% lesser than previous year.
iii. The state achieved the growth of 5.10% despite the COVID-19 pandemic.
Key Figures:
Category Amount (Crores)
Gross Expenditure Rs 1,05,213
Net Expenditure (after deducting the repayment of loans and recoveries
from gross expenditure) Rs 97,106
Mizoram CM presents State Budget for the year 2021-22 with an outlay of INR 11,148.89 crore
On March 1, 2021, Mizoram Chief Minister Zoramthanga who also holds the Finance Portfolio presented the annual
budget for the year 2021-22 with an outlay of INR 11, 148.90 crores.
• There are no proposals to levy new taxes or increase tax rates in the new budget.
• Also presented supplementary demands for grants for the financial year 2020-2021 amounting to Rs. 3,058.08
crore.
Madhya Pradesh FM Jagdish Devda presents State Budget 2021-22 with an outlay of INR 2.41 Lakh Crore
On March 2, 2021, Madhya Pradesh (MP) Finance Minister
Jagdish Devda presented the Annual Budget for the year
2021-22 with an outlay of INR 2,41,375 Crore. The main focus
of the budget was on making Madhya Pradesh self-reliant.
• There was no proposal to levy new taxes in the Budget.
• The Gross State Domestic Product (GSDP) of MP is
estimated to reach INR 10 Lakh Crore in the Financial
Year (FY) 2021-22.
• The FM presented the budget in a paperless manner as
it was read from an ‘Made in India’ tablet.
• Special attention in the budget is given to infrastructure, education, employment, farmers and women.
Fiscal Indicators
• Provision of total Appropriation amounting to Rs.2, 41, 375 Crore.
• Total net Expenditure – Rs.2,17,123 Crore.
• Revenue Deficit – Rs.8294 Crore
• Estimated Gross State Domestic Product 4.50% of fiscal Deficit.
• Revenue Deficit 2021-22 to be -0.73% of the state GDP.
• Interest Payments in the year 2021-22 are 12.72% of the total revenue receipts.
Karnataka Government launched 1st of its kind Engineering Research & Development Policy 2021
On 2nd March 2021, State Govt. of Karnataka launched the 1st of its kind Engineering Research & Development
(ER&D) Policy 2021 that is aimed at making the state responsible for 45% of India’s growth in the engineering
sector by 2025. This policy has the potential to provide employment opportunities to 50,000 in 5 target ER&D
sectors making India an ‘Innovation driver’ of the World.
• According to industry apex body Nasscom, ER&D has the potential to become a USD 100-billion industry in
the country in the next five years.
Policy Drafted by –
• Department of Electronics, IT, Biotechnology and Science and Technology, Karnataka
• Karnataka Innovation and Technology Society
• Nasscom
5 Target Sectors –
• Aerospace and Defence;
• Auto, Auto components and Electric Vehicles (EV);
• Biotechnology, Pharma and Medical devices;
• Semiconductors, Telecom, ESDM (Electronic System Design & Manufacturing);
• Software products.
Overview of ER&D Policy:
i.Advantages to Investments outside Bangalore – Rental Reimbursement, Recruitment Assistance & Investment
Subsidy.
ii.Developing Engineering R&D Future Skill Courses for college students.
iii.Internship Program for 3 months with a stipend of Rs. 10,000/month.
Note- With 12.8% Compound Annual Growth Rate (CAGR), ER&D is the fastest growing sector of India, that is
expected to reach $2 trillion by 2025.
Reason for Launching the Policy:
• To develop a research oriented Skilled Talent Pool.
• To attract ER&D investment into Karnataka.
• To Bridge the Gap between Academia and Industry.
Subsidies
• In terms of subsidies, the government will offer up to 50 percent reimbursement of rentals up to Rs 2 crore to
MNC entity beyond Bengaluru Urban district.
IBM partners with Govt. of Goa to provide Free Skill Training to Youth
On 2nd March, 2021, International Business Machines (IBM) India partnered with the state government of Goa to
provide free online courses to students, Job seekers & Entrepreneurs of the state. This initiative is aimed
at upskilling 10,000 youths across 10 institutions in 1 year through IBM SkillBuild Program.
Objective – To enhance the technical and professional skills to students, Job Seekers & Entrepreneurs.
About the Skill Training Program:
i.The program is jointly Implemented by IBM India, Department of Technical Education, Goa and
REACHA (Research and Extension Association for Conservation Horticulture and Agroforestry).
ii.Personalised coaching and experimental learning module is provided on Information & Communication Technology
(ICT).
About IBM SkillsBuild Program:
i.It is an online platform that provides Free digital courses in ITC sectors like Artificial Intelligence (AI), Cloud
Computing, Cyber Security etc.
ii.The program has over 1lakh beneficiaries in Indian in 2021 alone.
iii.This Skill Development platform was launched by IBM India in November 2019.
Recent Related News:
i.MEITY and IBM India collaborate to upskill members of the CSC ecosystem in AI & Cloud.
ii.Goa has become the first ‘Har Ghar Jal’ state in the country under Central Governments Jal Jeevan Mission (JJM) by
providing 100% tap water connections in Functional Household Tap Connections (FHTCs).
About IBM India:
Managing Director – Sandip Patel
Headquarters – Bangalore, Karnataka
Founded in 1992
About Goa:
Goa was liberated from the control of Portugese in 1961.
Waterfalls – Arvalem Falls, Dudhsagar Falls, Kesarval falls
Gujarat Deputy CM Nitin Patel presents State Budget 2021-22 with an outlay of INR 2.27 Lakh Crore
On March 3, 2021, Gujarat Deputy Chief Minister (CM) Nitin Patel who holds the Finance Portfolio presented the State
Budget 2021-22 with a Budget Outlay of INR 2, 27, 029 Crore which is an increase of INR 9, 742 Crore than the budget
presented in 2020-21.
• At INR 2.27 Lakh Crore it is Gujarat’s Largest budget so far.
• It was a INR 587.88 Crore Surplus budget.
Uttarakhand CM Trivendra Singh Rawat presents State Budget 2021-22 with an outlay of INR 57, 400 Crores
On March 4, 2021, Uttarakhand Chief Minister (CM) Trivendra
Singh Rawat presented the State Budget 2021-22 with an outlay
of INR 57, 400 Crores. The budget put more emphasis on
infrastructure development, health, rural infrastructure,
employment generation and education.
• The budget estimate for 2021-22 was 7.23% higher than
the estimate for the current fiscal (2020-21).
Fiscal Indicators
• Revenue Expenditure in 2021-22 – INR 44, 036.31 Crore
• Capital Expenditure – INR 13, 364.01
• Fiscal Deficit – INR 8, 984 Crore (3.23% of the estimated Gross State Domestic Product (GSDP))
Sector Wise Allocation
Sector Allocation
Infrastructure Development INR 6, 000 Crores
J&K Lt Governor Manoj Sinha Launched Super-75 Scholarship Scheme for Girls Education
On 8th March 2021, International Women’s Day, the Lieutenant(Lt) Governor of Jammu and Kashmir(J&K) launched
the Super-75 scholarship scheme to support the education of the meritorious girls from poor families. The
scheme will support the girls to take up streams like engineering, medicine, Industrial Training Institute(ITI) and
humanity and contribute to the development of the nation.
Keeping in view of this year’s campaign theme of International Women’s Day Choose to Challenge and to
celebrate Azaadi Ka Amrut Mahotsav- India@75, the Lt Governor announced the launch of Super-75 scholarship
scheme.
Other Schemes:
i.Lt Governor also launched a new scheme “Tejaswini” under the Mission Youth to provide financial support of Rs.5
Lakhs to girls of age group 18 to 35 to start a business.
ii.10% of the project cost will be provided by the Mission youth and it will also pay the interest every year.
Additional info:
i.The Lt Governor stated that no fees will be charged upto 12th standard from around 589000 girls from various
government schools.
ii.He also stated that to reduce the gender gap and girl child dropout rates, around 88 Kasturba Gandhi Balika
Vidyalaya and 88 Girls Hostel has been made functional in various distant locations.
iii.The government is also providing 13 scholarship schemes to support the higher education of girls.
Recent Related News:
The Government of India announced an increase in Scholarship amount for the students of Jammu & Kashmir (J&K)
under the ‘Pragati’ and ‘Saksham’ Scholarship Schemes. The amount has been raised from Rs. 5, 000 Per Annum to Rs.
50, 000 Per Annum from the Current Academic Year (2020-21).
AP Became the First State to Incorporate Gender Budget in its FY 2021-22 Annual Budget
On 8th March 2021, International women’s day, Andhra
Pradesh(AP) Chief Minister YS Jagan Mohan Reddy
announced that the state would become the first state of
India to incorporate the Gender Budget in its annual
budget of the fiscal year 2021 to 2022 with an aim to
provide better service to women.
The gender budget list outs the expenditure for women
welfare under various schemes of the state.
• He participated at the women’s day celebration at
the camp office in Tadepalli, Krishna District, Andhra
Pradesh and virtually inaugurated the Women’s help desks in all the police stations across the state along with
Cyber Kiosks.
Key points:
i.He stated that the government has introduced various schemes like Amma Vodi, YSR Cheyuta, YSR Asara, Kapu
Nestam for the welfare of women by spending around Rs.80000 crores in 21 months of governance.
ii.The state government has provided 50% reservation for women in all nominated posts and works inorder to
empower women socially, politically and economically.
Swechha’ Programme:
i.He launched the SWECHHA(freedom)Programme to create awareness about menstrual hygiene among the
adolescent girls.
ii.Under this program, the government of AP will provide 10 sanitary napkins per month for every girl students of
class 7 to 12 in all government schools, junior colleges and residential institutions in the state from 1st July 2021.
iii.Female teachers and lectures will be identified in each institution to implement the SWECHHA Programme.
iv.The biodegradable, Good quality, branded sanitary napkins will be made available at low cost in Cheyutha grocery
stores run by women in urban and rural areas across the state from 1st July 2021.
Jagananna Amma Vodi scheme:
Chief Minister said only 60% of women are literate in the State according to the 2011 Census. In order to resolve this
and lower the burden of quality education, the government introduced Jagananna Amma Vodi scheme and spent
about ₹13,022 crore in two years and would be providing ₹32,500 crore in five years benefiting over 44.50 lakh
mothers and 85 lakh students.
YSR Aasara:
Through YSR Aasara, 87.75 lakh self-help group women were given ₹6,792 crore in 21 months while 24.56 lakh
women aged between 45 and 60 years were given ₹4,604 crore under YSR Cheyutha scheme.
Other launches and provisions:
i.He also flagged off the 900 Disha patrolling vehicles and 18 Disha crime scene management vehicles.
ii.Special Disha Police stations have been established in each district of the state to eliminate those who commit
crimes against women.
iii.He announced that the casual leaves for women has been increased from 15 to 20.
Recent Related News:
On September 11, 2020 As a step to empower women economically and socially, YS Jaganmohan Reddy, Chief
Minister of Andhra Pradesh(AP), launched ‘YSR Aasara’ scheme. Under the scheme, AP government will reimburse
outstanding bank loans of women Self-Help Groups (SHG) as on April 11, 2019 into their accounts directly in four
phases. YSR Aasara is a part of the Navaratna welfare schemes.
About Andhra Pradesh:
Ramsar Sites– Kolleru Lake
Zoological parks– Indira Gandhi Zoological Park, Sri Venkateswara Zoological Park
UP Gets 8th Airport at Bareilly; Became 1st State to have highest Number of Airports
Bareilly Airport became the 8th Airport of Uttar Pradesh(UP). The Trishul Military Airbase has been upgraded as
the Bareilly Airport for commercial flight operations under the Regional Connectivity Scheme – Ude Desh Ka Aam
Nagrik (RCS-UDAN) of the Government of India.
• UP became the first state of India to have the highest number of Airports.
Note:
Currently UP has 8 functional airports namely Lucknow, Agra, Varanasi, Gorakhpur, Prayagraj, Kanpur, Hindon and
Bareilly.
Delhi Government presents INR 69, 000 Crore State Budget terms it ‘Deshbhakti Budget’
Delhi Deputy Chief Minister (CM) Manish Sisodia who also holds
the Finance Portfolio presented the State Budget 2021-22 with
an outlay of INR 69, 000 Crores. He termed the budget as
‘Deshbhakti budget’ as the government has decided to celebrate
the 75th year of Independence (in 2021) as tribute to martyrs
of the freedom movement.
• It was Delhi’s 1st Paperless Budget
• Delhi’s budget allocation increased to INR 69, 000 Crore
from INR 65,000 Crore in 2020-21 Budget.
• Revised Estimated for the current year 2020-21 is
proposed at INR 59, 000 Crore
Sector-wise Allocations
• Education Sector – INR 16, 377 Crore (24%)
• Health Sector – INR 9, 934 Crore (14%)
• Transport Sector & Infrastructure – INR 9,394 Crore (13%)
‘Deshbhakti’ Budget
List of announcements made under ‘Deshbhakti’ programme
• Delhi’s 1st Sainik School & and a Delhi Armed Forces Preparatory Academy to be set up.
• INR 45 Crore for installing high masts to hoist the national flag at 500 places in the national capital.
• INR 10 Crore allocated to conduct programmes to honour Shaheed Bhagat Singh & Babasaheb Bhim Rao
Ambedkar.
Aims & Targets
• The Delhi government has stated that it aims to bid for hosting the 2048 Olympic Games.
Punjab FM Manpreet Singh Badal presents State Budget for FY 2021-22 with an outlay of INR 1, 68, 015 Crore
Punjab Finance Minister (FM) Manpreet Singh Badal presented the State Budget for Financial Year (FY) 2021-22 with
an outlay of INR 1, 68, 015 Crore.
Fiscal Indicators (Budget Estimates 2021-22)
• Revenue Receipts – INR 95,257.60 Crores
• Capital Receipts – INR 67,341.09 Crores
• Revenue Expenditure – INR 103879.91 Crores
Karnataka CM B.S. Yediyurappa presents State Budget for FY 2021-22 with an outlay of INR 2, 46, 207 Crore
Karnataka Chief Minister (CM) B.S. Yediyurappa who also holds
the Finance Portfolio presented the State Budget for FY 2021-22
(‘Karnataka Vikasa Patra 2021’) with an outlay of INR 2, 46,
207 Crore.
• No Additional Taxes were levied in the Budget.
• It was a revenue deficit budget, the estimated revenue
deficit for 2021-22 is INR 15, 134 Crore.
• The size of the budget is INR 8, 314 Crore more than the
budget allocated in 2020-21.
• Karnataka’s Gross State Domestic Product (GSDP)
contracted by 2.6% in 2020-21.
Haryana CM presents State Budget for FY 2021-22 with an overlay of INR 1.55 Lakh Crore
Haryana Chief Minister (CM) Manohar Lal Khattar who also holds
the Finance Portfolio presented the state budget for FY 2021-22
with an overlay of INR 1, 55, 645 Lakh Crore. The areas of focus
were health, agriculture & infrastructure.
• The INR 1, 55, 645 crore allocated for FY 2021-22 is an
increase of 13% over FY 2020-21 of INR 1, 37, 738 Crore.
• The budget has proposed setting up Special Education
Zones (SEZs) to promote technology based learning in
government schools.
Fiscal Indicators
• Capital Expenditure – INR 38, 718 crore
• Revenue Expenditure – INR 1, 16, 927 crore
• Projected Fiscal Deficit – 3.93% (which is well under the 4% limit of Fiscal Responsibility and Budget
Management (FRBM) Act)
Sector-wise allocation
• Health Sector – INR 7, 731 Crore
• Cooperation sector – INR 1, 274 Crore
• Agriculture & Farmers welfare – INR 2, 998 Crore
• Animal Husbandry & Dairying – INR 1, 225 Crore
• Welfare & development schemes – INR 45, 066.16 Crore (for achieving 17 Sustainable Development Goals)
Major Announcements
Agriculture
• A special campaign – ‘Har Khet Swasth Khet’ announced to focus on soil health and facilitating cropping
choices based on soil quality.
• INR 2400 allocated for setting up India International Horticulture Market (IHM) at Ganaur, Sonepat.
• In order to double the income of fish farmers, the government will develop 1090 hectares’ saline affected area
and 5000 hectares’ fresh water area under ‘Pradhan Mantri Matsya Sampada Yojana Scheme’ (PMMSY) during
2021-22 to 2024-25.
Punjab partners with UN & other global agencies to launch 8 schemes for Women
Punjab Government has partnered with United Nations (UN) & other agencies for empowering women. He also
launched 8 schemes for women to mark the International Women’s Day (March 8). They are aimed at safeguarding
women from crimes, protecting their rights & introducing gender sensitisation curriculum.
Partnering Agencies
• The International agencies are UN Women, UNDP (United Nations Development Fund), UN Population Fund, J-
PAL (Abdul Latif Jameel Poverty Action Lab) & FUEL (Friends Union for Energizing Lives).
Gist of Schemes
• MoU with UN Population Fund for Capacity building of state departments.
• Partnership with UNDP to eliminate anaemia & malnutrition among women and children.
• MoU with J-PAL for boosting gender sensitisation curriculum
• MoU with FUEL to impart skills to youth in line with ‘Ghar Ghar Rozgar’ scheme.
• Handing over of appointment letters for 2, 407 master cadre women teachers, launch of Sanja Shakti
helpdesks & 181 Sanjh Shakti helpline for women at all police stations.
About Punjab:
Chief Minister – Captain Amarinder Singh
Capital – Chandigarh
J&K approves Rs. 2 lakhs worth Interest-free Housing loans under PMAY-U
On 14th March, 2021 Jammu & Kashmir’s (J&K) Administrative Council under the chairmanship of Lieutenant
Governor Manoj Sinha, approved to provide additional interest-free loan up to Rs. 2 lakhs for construction of
houses. The loan will be provided to the economically weaker section to the beneficiaries under Beneficiary Led
Construction (BLC) component of the Pradhan Mantri Awas Yojana-Urban (PMAY-U).
Note- India is targeting to provide “Housing for all” through PMAY-U by 2022.
i.All beneficiaries of BLC can avail the additional interest free loan.
ii.At present, a financial assistance of Rs. 1.66 lakh is provided as a housing loan under PMAY-U.
iii.With this extension, the interest-free loan can be availed up to Rs. 3.66 lakhs.
iv.Loans under BLC have a tenure of 10 years with 6-months moratorium period.
About Jammu & Kashmir (J&K):
World’s highest Railway Bridge, an arch bridge is constructed in J&K across Chenab river.
Srinagar, Anantnag and Baramulla cities are located on the banks of Jhelum river.
Kishtwar city is located on the banks of Chenab river.
Gandhi Sagar Dam is constructed on Chambal River.
Telangana FM Harish Rao presents State Budget for FY 2021-22 with an overlay of INR 2.3 Lakh Crore
On March 18, 2021, Telangana Finance Minister T Harish Rao
presented the State Budget for the FY 2021-22 with an overlay of
INR 2, 30, 825 Crore. Major Allocations were made towards
Agriculture, Roads, Transport, Power, Irrigation & other
infrastructure development projects.
• It is a tax-free Budget
• Due to the adverse impact of COVID-19, the Gross State
Domestic Product (GSDP) of Telangana has declined from
13.5% in 2019-20 to 1.3% in 2020-21.
• The budget for 2020-21 was over INR 1.82 Lakh Crore.
Fiscal Indicators
• Revenue Expenditure – INR 1, 69, 383 Crore
• Capital Expenditure – INR 29, 046 Crore
• Fiscal Deficit – INR 45, 509 Crore
Sector-wise Allocation
• Agriculture – INR 25, 000 Crore
• Panchayati Raj & Rural Development – INR 29, 271 Crore
• Irrigation Sector – INR 16, 391 Crore
Major Announcements
• Allocation of Development fund of INR 5 crore to each MLA & INR 800 Crore for MLCs (Member of Legislative
Council)
• INR 610 Crore allocated to construction of new secretariat complex at Hyderabad, Telangana.
CM Dalit Empowerment Programme
Allocation of INR 1, 000 Crore for overall development of Scheduled Castes.
Social Welfare
• INR 11, 728 Crore for Aasara Pension Scheme
• INR 2, 750 Crore for Kalyana Lakshmi & Shadi Mubarak
• INR 11, 000 Crore for construction of double bedroom houses
• Allocation of INR 3, 000 Crore for providing interest-free loans to Women Self Help Groups.
Allocation for Development of Hyderabad
• INR 200 Crore allocated for Musi river rejuvenation
• INR 1000 Crore allocated for Hyderabad metro rail Project
Agriculture
• INR 14, 800 Crore for Rythu Bandhu, a financial assistance scheme for farmers.
• INR 5, 225 Crore for Agriculture loan waiver
• INR 1, 730 Crore for Animal Husbandry & INR 1, 500 crores for Mechanisation of Agriculture.
Education
• INR 4000 Crore has been allocated for upgrading and modernizing schools run by the Telangana Government.
Jharkhand Launched SAAMAR (Strategic Action for Alleviation of Malnutrition and Anemia Reduction)
Campaign to Fight Malnutrition
On 17th March 2021, the Government of Jharkhand launched the SAAMAR (Strategic Action for Alleviation of
Malnutrition and Anemia Reduction) campaign to tackle acute malnutrition in children and women in the state.
• The SAAMAR campaign is launched with a target of 1000 days, under which an annual survey will be
conducted to track the progress.
• For the implementation of the SAAMAR campaign, a provision of Rs.1 lakh will be given to every panchayat.
Aim:
• To identify anaemic women and malnourished children in Jharkhand
• To bring together various departments to effectively tackle the issues of the state related to malnutrition.
India’s 1st Govt. run Veterinary Ambulance Network set-up in Andhra Pradesh
Andhra Pradesh govt. is planning to set-up India’s 1st Government run Mobile Ambulance Veterinary Clinic
network in the state. Each Assembly Constituency in the state will be provided with 1 Ambulance along with 1
veterinary doctor, 1 Para-veterinary worker.
• The Ambulance is equipped with a ‘Hydraulic Lift’ facility to shift the injured animal to the hospital.
Consulate General Of India In South Africa Partnered With UP to Boost Post COVID-19 Tourism in India
The Consulate General of India in South Africa partnered with Uttar Pradesh(UP) to boost Tourism to India Post
Covid-19 and highlight the various religious sites and other attractions in UP.
• On 24th March 2021, During the meeting titled “Post COVID Tourism in India” the detailed plans to attract
tourists to UP was shared by Mukesh Kumar Meshram, Principal Secretary for Tourism and Culture in UP.
• The meet was organised by Anju Ranjan, Indian Consul General in Johannesburg, South Africa.
Note:India is the Second largest tourism hub.
Hardeep Singh Puri, MoS Civil Aviation, Inaugurated the Kurnool Airport, AP
On 25th March 2021, Hardeep Singh Puri, Minister of State(Independent Charge), Ministry of Civil Aviation
inaugurated the Kurnool Airport, Oravackal in Andhra Pradesh(AP) over a virtual ceremony.The Airport was named
as “Uyyalawada Narasimha Reddy airport”.
• Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh attended the inauguration at Kurnool airport.
• The Kurnool Airport became the 6th Airport in AP to become functional after Kadapa, Visakhapatnam,
Tirupati, Rajahmundry & Vijayawada.
About Kurnool Airport:
i.The airport is classified as ‘3C’ and it is capable of handling turboprop aircraft like ATR-72 and Bombardier Q-400.
ii.The airport is developed on an area of 1,010 acre at the cost of Rs.110 crore.
iii.The airport has a 2000 meter runway and 4 aprons to park the aircrafts.
iv.Under Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik (RCS-UDAN) the flight operations will commence
from 28th March 2021.
Highlights:
i.YS Jagan Mohan Reddy has named the Kurnool Airport after Uyyalavada Narasimha Reddy, the first ever freedom
fighter of the region.
ii.He also inaugurated the statue of the former CM YS Rajasekhar Reddy in front of the Passenger terminal of the
airport.
iii.He also released a special postage stamp on the occasion of the inauguration of Kurnool Airport.
Recent Related News:
Bareilly Airport became the 8th Airport of Uttar Pradesh(UP). The Trishul Military Airbase has been upgraded as the
Bareilly Airport for commercial flight operations under the Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik
(RCS-UDAN) of the Government of India.
About Andhra Pradesh:
CM- Y.S. Jagan Mohan Reddy
Governor- Biswa Bhusan Harichandan
Maithri Aquatech set up the ‘World’s first mobile water-from-air kiosk’ in Visakhapatnam, AP
Maithri Aquatech, a startup, formed under the initiative ‘Make in India’ has set up the ‘World’s First Mobile Water
from Air Kiosk and Water Knowledge Centre’ with the use of its ‘MEGHDOOT solution’ in Visakhapatnam, Andhra
Pradesh.MEGHDOOT means ‘Messenger of the Sky’s.
• This initiative is supported by GVMC (Greater Visakhapatnam Municipal Corporation) and project SEWAH
(Sustainable Enterprises for Water and Health)
• SEWAH is an alliance between The United States Agency for International Development (USAID) and SWN
(Safe Water Network). USAID has partnered with the Ministry of Housing and Urban Affairs under the Jal
Jeevan program.
About MEGHDOOT solution:
• It is the only atmospheric water generator(AWG) approved by the Ministry of Jal Shakti.
• By using this technology, kiosk will provide clean, mineral-enriched potable water by harvesting the moisture
in the air which is independent of the existing groundwater and surface water resources.
• It is an environmentally friendly ‘Plug-and-Play’ solution and capable of producing 100% microbe-free potable
water on a sustainable basis.
• It is capable of generating over 1 million litres of water every single day. The water generated meets the WHO
(World Health Organization) as well as Indian Standards of potable water.
Kiosk as Knowlege centre:
The kiosk will also act as a Water Knowledge Resource Centre (WKRC) by creating awareness to local communities
and nearby schools on the benefits of good water, sanitation, and hygiene (WASH) practices.
Ladakh LG launches 1st Solar Lift Irrigation Scheme of KREDA at Latoo Village
Ladakh Lieutenant Governor R K Mathur inaugurated the 1st Solar Lift Irrigation Scheme of Kargil Renewable Energy
Development Agency (KREDA) at Latoo Village, Kargil. It is the last Village on Line of Control (LoC).KREDA has
successfully installed and commissioned a 41 Horsepower Submersible Pump backed with 50 Kw Solar Photovoltaic
UP CM Yogi Adityanath Inaugurated Shaheed Ashfaq Ulla Khan Zoo, 1st Zoo in Purvanchal, UP
On March 27, 2021, Uttar Pradesh (UP) Chief Minister (CM) Yogi Adityanath inaugurated Shaheed Ashfaq Ulla Khan
Zoological Park in Gorakhpur, Uttar Pradesh which is named after freedom fighter Shaheed Ashfaq Ullah Khan to
create possibilities for tourism in the region.
• It became the third zoo of the state after Kanpur Zoological Park and Nawab Wajid Ali Shah Prani Udyan and
the first zoo in the Purvanchal region.
• The construction of the zoo has been completed in four years with the estimated cost of Rs 260 crore.
• CM has inaugurated 6 One District One Product (ODOP) shops in the zoo.
About the Animals and Birds in the Zoo:
• So far, 153 wild birds and animals of 31 species have been brought to the zoo.
The Lions of Gujarat from Etawah Lion Safari. Cheetah, leopard, hippopotamus, deer, swamp deer (barasingha),
chital, jackal, python, russell viper, bonnet macaque (a species of monkey), sambar, fox (fox), kakar (barking deer),
Pada (hog deer), crocodile, Wild cat, tortoise, porcupine, parrot, peacock etc have been brought here.
About other Zoological Parks of the state:
1.Kanpur Zoological Park or Allen Forest Zoo
• It is located in Kanpur, Uttar Pradesh and it is the largest zoological park in North India.
2.Nawab Wajid Ali Shah Prani Udyan or popularly known as Lucknow Zoological Garden
• It is located in Lucknow,Uttar Pradesh and was named after Wajid Ali Shah- the last Nawab of Awadh.
About Uttar Pradesh:
Chief Minister– Yogi Adityanath
Governor– Anandiben Mafatbhai Patel
Capital– Lucknow
GOVT SCHEMES
Haryana CM announces 4 Welfare Schemes on the 644th Birth Anniversary of Guru Ravidas
During the 644th Birth anniversary celebration of Guru Ravidas, Haryana Chief Minister Manohar Lal Khattar
announced 4 welfare schemes for the state. The Schemes are aimed at satisfying the needs of the people
under Below Poverty line (BPL). He also highlighted the state’s initiatives to increase income of BPL families by at
least Rs. 8000 to Rs. 9000/month.
Guru Ravidas was a Mystic Poet of the Bhakti Movement and also the founder of Ravidassia religion.
About the Welfare Schemes:
i.Mukhyamantri Antyodaya Parivar Utthan Yojana – 1st phase of the scheme to begin on April 1, 2021. The
Scheme is aimed at uplifting 1 lakh BPL families of Haryana; these families will be selected through the Parivar
Pehchan Patra (PPP) portal.
ii.Dr BR Ambedkar Awas Navinikarn Yojana –
• Financial assistance increased from Rs. 50,000 to 80,000 to repair houses of Scheduled Caste BPL families.
• The Scheme is extended to all BPL families, and the annual income slab of BPL family is increased from Rs.
1.20 lakhs to 1.80 lakhs/annum.
iii.Legal aid for victims of atrocities under Scheduled Castes & Scheduled Tribes (Prevention of Atrocities) Act has
been increased from Rs. 11,000 to Rs. 21,000.
iv.Sant Mahapurush Vichar Samman and Prasaar Yojana – Financial Assistance between Rs. 50,000 to Rs.1 lakh
will be provided to religious organisations for the birth anniversary celebration of great leaders.
Labor Minister Launches Convergence of ESI Scheme with Ayushman Bharat PM-JAY in 4 States
On March 10, 2021, Minister of State (Independent Charge) for Labor & Employment Santosh Gangwar launched the
convergence of the ESI (Employees State Insurance) Scheme with Ayushman Bharat PM-JAY (Pradhan Mantri-Jan
Arogya Yojana) in 113 districts of 4 States – Chhattisgarh, Karnataka, Madhya Pradesh & Maharashtra.
Objective – To ensure easy access to medical care
• The convergence will enable 1.35 Crore ESI Beneficiaries in 4 states to make use of cashless medical services
through empanelled hospitals of Ayushman Bharat PM-JAY without any need of a referral.
• Along the same lines, the beneficiaries of PM-JAY can also avail themselves cashless treatment at 15
underutilized ESIC hospital/Medical Colleges in Bihar, Gujarat, Karnataka, Maharashtra, Rajasthan & Uttar
Pradesh.
• The convergence was launched on the final day of Employees’ State Insurance Corporation (ESIC) Special
Services Fortnight at New Delhi.
Employees State Insurance (ESI) Scheme:
• ESI is a self-financing social security & health insurance scheme for Indian workers.
• It is managed by the Employees’ State Insurance Corporation (ESIC) which is a statutory and autonomous
body under the Ministry of Labour & Employment, Government of India.
• The ESI fund is managed according to rules & regulations set in the ESI Act, 1948 (1st major legislation on
social security for workers in Independent India).
• It is financed by contributions from Employers (4.75% of wages) and Employees (1.75% of wages).
Ayushman Bharat PM-JAY
• Launched in 2018 by the Ministry of Health & Family Welfare as part of the Indian Government’s National
Health Policy.
• Implementing Agency – National Health Authority
• Funding – Centrally sponsored and jointly funded by both the Central government & state government.
• Target – To provide free access to healthcare for 50 crore people in India.
• Budget Allocation in Union Budget 2021-22 – INR 6, 400 Crores.
Recent Related News:
i.On 13th August 2020, The Governing board of the National Health Authority (NHA) approved the proposal to
integrate the existing health schemes of the central ministries with the Ayushman Bharat Pradhan Mantri Jan Arogya
Yojana (AB-PMJAY) for employees.
About Employees’ State Insurance Corporation (ESIC):
Chairman – Santosh Kumar Gangwar (Minister of State (Independent Charge) for Labor & Employment)
Head Office – New Delhi
Ministry of Youth Affairs & Sports extends Khelo India Scheme till 2025-26
Ministry of Youth Affairs & Sports has decided to extend the Khelo India scheme from 2021-22 to 2025-26. The
Ministry has furnished an Expenditure Finance Committee (EFC) memorandum to the Ministry of Finance for the
extension of the scheme.
INTERNATIONAL AFFAIRS
Madagascar President inaugurated Advanced Digital Cobalt Therapy Machine Bhabhatron-II donated by
India
The President of Madagascar, Andry Rajoelina, inaugurated advanced digital cobalt therapy machine “Bhabhatron-
II” for cancer treatment at the Joseph Ravoahangy Andrianavalona Hospital (HJRA) in Antananarivo in the presence of
India’s Ambassador to Madagascar Abhay Kumar.
• It should be noted that Bhabhatron-II is donated by India to Madagascar under the cooperation of the health
sector. It is developed by Bhabha Atomic Research Centre (BARC).
• This donation also caters to the Prime Minister (PM) Narendra Modi’s vision of SAGAR i.e. Security and Growth
for All in the Indian Ocean Region.
Key Points:
–The machine was donated on the lines of the commitment made during the visit of President Ram Nath Kovind to
Madagascar in March 2018.
–The machine has the capacity to treat 50 patients per day.
Recent Related News:
i.The Union Cabinet approved the signing of Memorandum of Understanding (MoU) between India and Uzbekistan
for cooperation in the Solar Energy sector.
ii.The Union Cabinet approved MoU on scientific and technical cooperation between the Ministry of Earth Sciences
(MoES) and the National Centre of Meteorology (NCM) of the United Arab Emirates (UAE).
About Madagascar:
Capital– Antananarivo
Currency– Malagasy ariary
Global energy-related CO2 emissions fell by 5.8% in 2020 due to Pandemic : IEA
According to data released by the International Energy Agency (IEA), Global energy-related CO2 emissions declined
by 5.8% or 2 Billion Tonnes in 2020 due to the Pandemic. It is the largest annual percentage decline since World
War II.
• More than 50% of the total global drop in CO2 emissions in 2020 was due to the decline in CO2 emissions
from oil use in the Transport & aviation sectors.
• The Primary energy demand also fell by nearly 4% in 2020.
Emissions from World’s Largest CO2 emitters
• China recorded an increase in emissions for the year 2020, emissions increased by 0.8% or 75 million tonnes.
• In India (World’s 3rd Largest CO2 emitter after China, USA), annual emissions declined by 7% (or 160 Metric
tons of Carbon Dioxide (Mt CO2)) in 2020.
• In the USA the emissions decreased by 10% in 2020.
Other notable declines
• In the power sector, CO2 emissions declined by 3.3% (or 450 Mt CO2) in 2020 which is the largest fall on
record.
• The emissions from transport fell by 14% in 2020 compared to 2019 levels.
Increase in Growth of Renewables generation
• The growth of renewables generation was also one of the key reasons for the fall of CO2 emissions.
• The share of Global electricity generation increased from 27% in 2019 to 29 in 2020, the biggest annual
increase on record.
Sri Lanka approves Proposal to develop WCT of Colombo Port with Assistance from India & Japan
On March 1, 2021, Sri Lankan Cabinet approved a Build, Operate and Transfer (BOT) proposal for developing
the West Container Terminal (WCT) of Colombo South Port with parties nominated by Indian & Japanese
Government. The port will be developed in collaboration with the Sri Lanka Ports Authority.
• Indian High Commission has nominated Adani Ports and Special Economic Zone Ltd (APSEZ Consortium)
while the Japanese government is yet to nominate a party.
• As per the agreement, the WCT will be operated over a period of 35 years as a Public Private Partnership
model with APSEZ & its local representative John Keels Holding PLC & the Sri Lanka Ports Authority.
• India & Japan will have 85% stake in the WCT.
Background
In February 1, 2021, Sri Lankan Government decided to eject India & Japan from a 2019 Tripartite agreement to
jointly develop the East Container Terminal (ECT) of the Colombo Port.
Increase in China’s Influence
• WCT is located near the USD 500 Million Chinese container Jetty at the Colombo International Container
Terminal (CICT).
• As part of its Belt & Road Initiative (BRI), China is developing many infrastructure projects in Sri Lanka.
• It has invested around USD 8 Billion in Infrastructure projects. In 2017, Sri Lanka handed over its Hambantota
port to China as a debt swap.
Recent Related News:
i.On September 26, 2020 Indian Prime Minister Narendra Modi and Sri Lankan Prime Minister Mahinda Rajapaksa
held a Virtual Bilateral Summit.
About Sri Lanka:
President – Gotabaya Rajapaksa
Capital – Colombo, Sri Jayawardenepura Kotte
Currency – Sri Lankan Rupee
IAF Chief participated in Sri Lankan Air Force’s 70th anniversary celebrations along with IAF jets
The Indian Air Force Chief Marshal Rakesh Kumar Singh Bhadauria was on a two day visit to Sri Lanka from March
3-5, 2021 on an invitation from the Commander of the Sri Lankan Air Force (SLAF), Air Marshal Sudarshana
Pathirana. He was invited to attend the inaugural ceremony of 70th-anniversary celebrations of the SLAF consisting
of an air show at Galle Face, Colombo.
• Apart from the IAF Chief Presence, the event also saw participation of 23 aircrafts of the IAF and Indian Navy
along with Suryakirans and Sarang aerobatic display teams and India’s indigenous fighter aircraft Tejas LCA
(Light Combat Aircraft).
• This was RKS Bhadauria’s second visit to a key neighbour of India. Last week he visited Bangladesh.
• The visit was to strengthen Indo-Sri Lankan bilateral ties.
Suryakiran, Sarang teams and Tejas performed at Colombo air show
The Suryakiran Aerobatic Team (SKAT) aka Hawks, Sarang helicopter display teams along with the Tejas LCA, Tejas
Trainer and Dornier Maritime Patrol Aircraft performed at an air show.
• This was the first performance for the SKAT team outside India since it was resurrected in 2015 with Hawk
Advanced Jet Trainers (AJT). Earlier, the SKAT team toured Sri Lanka during the 50th anniversary of SLAF in
2001.
IAF chief met with Sri Lanka dignitaries
RKS Bhadauria interacted with Sri Lankan President Nandasena Gotabaya Rajapaksa, Sri Lankan Prime Minister
Mahinda Rajapaksa and Defence Secretary Kamal Gunaratne.
Additional Info:
India has listed out 156 defence equipment for exports which include the indigenous LCA Tejas, artillery guns, battle
tanks and missiles, anti-tank mines, and explosives.
EAM Dr. S. Jaishankar inaugurates New Cultural Centre of High Commission of India in Dhaka, Bangladesh
On 4th March 2021, Dr. S Jaishankar, Union Minister, Ministry of External Affairs inaugurated the new cultural centre
of the High Commission of India in old India House Building, Dhaka, Bangladesh. This is the 2nd culture centre for the
high commission of India after the Dhanmondi centre at the Indira Gandhi Cultural Centre in Dhaka.
• He inaugurated the Cultural Centre in Dhaka during his visit to Bangladesh on 4th March 2021 at the invitation
of his counterpart Dr. AK Abdul Momen.
Key points:
i.The new centre has the facilities for conducting short term courses on Indian Art forms and to hold cultural
programmes and art exhibitions.
ii.This centre will act as a centre of the unique relationship between India and Bangladesh.
iii.With this 2nd cultural centre, Dhaka became one of the few cities in the world that has more than 1 Indian Cultural
Centre.
EAM’s Visit:
i.He visited Bangladesh to finalise the upcoming visit of Prime Minister(PM) Narendra Modi’s visit to Bangladesh (26-
27 March) to take part in the centenary celebration of Bangabandhu Sheikh Mujib and 50 years of the liberation of
Bangladesh.
ii.During his visit he met Bangladesh PM M Sheikh Hasina, and presented two books on Bangladesh titled “Liberation
War of Bangladesh” and “Bangla Desh and India’s Security” and written by his late father K.Subrahmanyam.
iii.The Bangladesh PM also gifted seven volumes of a 14-volume book titled “Secret Documents of Intelligence Branch
on Father of the Nation Bangabandhu Sheikh Mujibur Rahman” to Jaishankar.
Key People:
Vikram Doraiswami, High Commissioner of India along with cultural personalities and dignitaries from Bangladesh
including Asaduzzaman Noor MP, Dr. Kamal Abdul Naser Chowdhury and Sarwar Ali were present during the
inauguration.
Eastern sub-regions Bangladesh, Bhutan, India & Nepal became economic growth pole in South Asia: World
Bank
As per the recent report titled “Connecting to Thrive: Challenges and Opportunities of Transport Integration in
Eastern South Asia” released by World Bank, India and Bangladesh have the potential to increase their national
Gross Domestic Product (GDP) by 8% in India in particular road connectivity and 17% in Bangladesh with seamless
transport connectivity between two countries.
• Also report suggested Bangladesh, Bhutan, India & Nepal (BBIN) eastern sub-region countries became an
economic growth pole for South Asia.
In a World-first Trial, Japan-Australia Venture starts producing Hydrogen from Brown Coal
In a World-first trial, a Japan-Australia venture has started to produce Hydrogen from Brown Coal. The production is
taking place at the Hydrogen Energy Supply Chain (HESC) coal-to-hydrogen plant in Brown Coal Reserves in the state
of Victoria, Australia.
• The project is worth 500 Million Australian Dollars (USD 390 Million)
• HESC is run by Kawasaki Heavy Industries (Japan). The other partners in the project are Iwatani Corp,
Marubeni Corp, Sumitomo Corp & AGL Energy Ltd (Australia).
Aim of the Project
• To show that Liquefied hydrogen can be produced commercially & exported safely overseas.
India’s Regime type has turned into ‘Electoral Autocracy’ – Swedish Democracy Report 2021
According to the ‘Autocratization Turns Viral: Democracy Report 2021’ released by Swedish-based V-Dem
(Varieties of Democracy) Institute states that India’s regime type has turned into ‘Electoral Autocracy’ in 2020 from
‘Electoral Democracy’ in 2010. Hungary & Turkey have also been demoted as ‘Electoral Autocracy’.
• India has registered a 23%-point drop on the Liberal Democracy Index (LDI) scale marking one of the most
dramatic shifts among all countries in the world over the past 10 years.
• Based on the LDI Index, the top 3 democratic countries in the world are Denmark, Sweden & Norway.
• Liberal Democracies have declined over the past decade (2010-20) from 41 countries to 32 countries.
• This is the 5th Annual report from the V-Dem Institute and is based on a data set of 202 countries.
Regarding India
The Indian part of the report was compiled by Shreeya Pillai & Staffan I Lindberg.
• India is now as autocratic as Pakistan & is worse than Bangladesh & Nepal.
• India along with Brazil, Turkey & USA have been listed among the 25 most ‘autocratizing nations’ in the world
Reasons for Decline
• Deterioration of freedom of Media, Academia, Civil Society and use of Sedition Law to curtail voices.
• The report has also highlighted the Foreign Contribution Regulation Act (FCRA) used by the Government to
restrict the entry, exit & functioning of civil society organisations.
• It also highlighted the Citizenship Amendment Act, 2019.
Most Common Regime Type
• The most common regime type is ‘Electoral Autocracy’, together with close autocracies they number 87 states
and are home to 68% of the world population.
• It stated that the level of democracy enjoyed by the average global citizen in 2020 is equivalent to the
democracy found around the 1990s.
Regions of Decline
• The report also indicates the decline of liberal democracies in the past decade (2010-20) from the Asia-Pacific
region, Central Asia, Eastern Europe, and Latin America.
India to record Largest Increase in Child and Maternal deaths in South Asia in 2020 due to COVID-19: UNICEF
UNICEF (United Nations International Children’s Emergency Fund) in partnership with WHO, UNFPA (United Nations
Population Fund) has released a report called ‘Direct and indirect effects of COVID-19 pandemic and response in
South Asia’. The report has released estimates which anticipate that India will record the largest increase of deaths
among children aged 5 years (15%) & Maternal deaths (18%) among 6 South Asian Countries in 2020 due to
pandemic.
• The 6 South Asian Countries are Afghanistan, Bangladesh, India, Nepal, Pakistan & Sri Lanka.
• Disruption in Sexual, reproductive, maternal, neonatal & child health services due to COVID-19 is expected to
have a substantial impact on maternal & child mortality.
• The report commissioned by UNICEF Regional Office for South Asia (ROSA).
Estimates
Child Deaths
• The report anticipates an increase of 1, 54, 020 deaths (Increase of 15%) among children aged 5 years in India.
• The next biggest increase to be recorded by Pakistan – 59, 251 Cases (Increase of 14%).
• The number of deaths among children aged 5 years in 6 South Asia Countries is estimated to increase by a total
of 2, 28, 641 cases (compared to 2019).
Maternal Deaths
• The Number of maternal deaths in India is anticipated to increase in 2020 by 7,750 deaths (Increase of 18%).
Stillbirths
• The largest increase in the number of stillbirths is also expected in India (60, 179 – increase of 10%), followed
by Pakistan & Bangladesh.
• Across South Asia as a whole, an estimated 89, 434 additional stillbirths are anticipated.
Deaths due to maternal causes
• The number of deaths due to maternal causes among 15-19 year-old females is expected to increase by a total
of 1, 191 across South Asia.
• Greatest Anticipated increases – India (643) & Pakistan (476).
Rise in Communicable Disease-related Adolescent mortality
• Across South Asia around 5, 943 additional deaths are anticipated from Malaria, Tuberculosis, HIV/AIDS &
Typhoid.
• India is expected to be hit hardest with an additional 3, 412 adolescent deaths.
Money Allocation:
• The report also noted that India could spend nearly $10 billion on Covid-19 testing and healthcare utilization
by September 2021, the biggest share of the overall costs in the region.
• Across South Asia, lower educational attainment by this cohort will result in a 15 – 23 per cent decrease in
their future lifetime earnings, costing the region $63.5 billion over 45 years.
• The highest cost will be borne by India ($52.8 billion) and Bangladesh ($7.4 billion), followed by Sri Lanka
($1.9 billion).
Impact of Pandemic on South Asian Region
• COVID-19 is estimated to have cost the South Asian region more than USD 2.4 Billion. It includes the cost of
testing (USD 1.9 Billion) and healthcare utilisation for COVID-19 deaths (USD 581 Million).
• India will bear the largest share of these costs – It is set to spend around USD 7.8 Billion on testing & USD 1.7
Billion on healthcare utilisation by September 2021.
• It also stated that India will face the largest number of deaths (4, 90, 000) between October 2020 – September
2021.
MoS Communications, Shri Sanjay Dhotre Represented India at the WSIS Forum 2021
On March 22, 2021, Minister of State(MOS) for Communications, Shri Sanjay Dhotre represented India at the virtual
‘World Summit on the Information Society (WSIS) Forum 2021’which is one of the world’s largest annual gatherings
of the ‘ICT for development’ communities.
• The WSIS Forum is co-organized by International Telecommunications Union (ITU), the United Nations
Educational, Scientific and Cultural Organization(UNESCO), the United Nations Conference on Trade and
Development (UNCTAD) and the United Nations DevelopmentProgramme (UNDP) in close collaboration with
all WSIS Action Line Facilitators.
Initiatives Highlighted at the forum by Shri Sanjay Dhotre:
The Minister highlighted the policies and programs undertaken by his Ministry such as,
• Arogya Setu platform used to monitor and alert the health status of citizens.
• CovidSavdhan system used for targeted messaging in a specified area
• Public Wi-Fi is effectively used under the PM-WANI scheme enabling effective service delivery for the citizens
across the country.
• Telecom infrastructure development in remote areas through the flagship program BharatNet, nearly
6,00,000 villages are being connected through the laying of more than 4,00,000 Km length of optical fibre cable
and use of satellite communication services
• Using submarine cable networks small and remote islands of Andaman & Nicobar and Lakshadweep and other
inaccessible areas are being connected with funding from the Government.
Participants of WSIS Forum:
• Participants: Secretary-General of ITU (Houlin Zhao), Ministers of Russia, Afghanistan, Turkmenistan,
Zimbabwe and Iran have participated in the forum.
• The final week of the WSIS Forum 2021 will be held on May (17-21), 2021
VISITS
INDIAN VISIT
Overview of Kuwait Foreign Minister’s 2-day visit to India
Kuwait’s Foreign Minister Ahmed Nasser Al-Mohammad Al-Sabah paid a 2-day visit to India from March 17-18,
2021 at the invitation of Dr S. Jaishankar, External Affairs Minister (EAM) of India.
• During the visit, Mohammad Al-Sabah had a meeting with India’s EAM S. Jaishankar during which they
discussed Bilateral Cooperation and regional developments.
• Kuwait’s Foreign Minister thanked India for dispatching a consignment of Indian-made COVID-19 vaccines
(under Vaccine Maitri Initiative) for fighting against Coronavirus.
• The two sides released a Joint Statement on the establishment of a Joint Ministerial Commission at the level
of Foreign Ministers.
• Both sides agreed to strengthen ties in sectors like energy, trade, healthcare, defence and security, science &
technology, IT, Cybersecurity, culture, education and tourism.
Joint Ministerial Commission
The Joint Commission Meeting (JCM) will be co-chaired by the Minister of Foreign Affairs of Kuwait & the Indian
Foreign Minister (S. Jaishankar).
• JCM will act as an umbrella for all bilateral institutional engagements like Foreign Office Consultations and
Joint Working Groups.
• The JCM will also review concluded Agreements between the two countries & find solutions for addressing the
problems in their implementation.
Joint Working Groups (JWGs)
In addition to existing Joint Working Groups (JWGs) on Hydrocarbons, manpower and mobility, and healthcare, New
JWGs will be set up in areas like Trade and Investments, Defence and Security & Maritime Cooperation, Science,
Technology, Information Technology, Education, Skills Development, Culture, Tourism and Hospitality.
India & Kuwait Trade Relationship
• India is amongst the Largest Trading partners of Kuwait. During 2019-20, Kuwait was the 10th Largest Oil
Supplier to India (Top 3 Oil Suppliers to India – Iraq, USA & Nigeria), it met 3.8% of India’s energy needs.
• During the FY 2018-19 Bilateral trade registered a 2.7% growth & stood at USD 8.76 Billion.
• The total annual bilateral trade with Kuwait during 2017-18 was USD 8.53 Billion.
Attracting Kuwait Investments
• During the meeting, India invited more investments from Kuwait into India in the sectors like energy,
infrastructure, food security, healthcare & education.
• To date, Kuwait’s estimated investments in India are over USD 5 Billion, the majority of which is by the Kuwait
Investment Authority (KIA).
Recent Related News:
i.On 16th October 2020 India, Chile held their First Joint Commission Meeting virtually. This is the first
institutionalized dialogue between two countries at the level of Foreign Ministers.
About Kuwait:
Emir – Nawaf Al-Ahmad Al-Jaber Al-Sabah
Capital – Kuwait City
Currency – Kuwaiti Dinar (KWD)
Afghan Foreign Minister Mohammad Haneef Atmar Visited India on March 22 to 23, 2021
H.E. Mohammad Haneef Atmar, Foreign Minister of the Islamic Republic of Afghanistan is on a 2 day visit to India
from March 22 & 23, 2021.During the visit, External Affairs Minister(EAM), S. Jaishankar & Mohammad Haneef Atmar
chaired the Strategic Partnership Council (SPC), under the aegis of the India – Afghanistan Strategic Partnership
Agreement.
• This was Mohammad Haneef Atmar’s 1st visit to India after becoming Foreign Affairs Minister of Afghanistan.
Overview of Minister of National Defence, South Korea, Suh Wook’s 3-day visit to India
South Korea’s (officially known as Republic of Korea) Minister of National Defence, Suh Wook visited India from
March 25-27, 2021. The main objective of the visit is to boost Bilateral Defence and Military Cooperation.
• During the visit, Suh Wook held meetings with Defence Minister, Rajnath Singh; National Security Advisor, Ajit
Doval.
• Suh Wook & Rajnath Singh jointly inaugurated India’s First Indo-Korean Friendship Park at Delhi
Cantonment.
Inauguration of Indo-Korean Friendship Park
India’s 1st Indo-Korean Friendship Park was jointly Inaugurated by South Korea’s Suh Wook & Indian Defence
Minister Rajnath Singh at Delhi Cantonment.
• It was built to commemorate India’s contributions as part of the 21 countries which participated in Korean
War of 1950-53, under the aegis of the United Nations.
• The park has been developed in Joint Consultation with the Ministry of Defence, Government of India, Indian
Army, Delhi Cantonment Board, Embassy of Korea & Korean War Veterans Association of India.
• It has a statue of General KS Thimayya, a celebrated soldier who led the Indian Contingent as Chairman of
Neutral Nations Repatriation Commission (NNRC) in Korea headed by India.
• 5 Pillars have been raised in the backdrop of General Thimayya’s statue, one pillar contains Nobel Laureate
Rabindranath Tagore’s narration of Korea as ‘The Lamp of the East’.
India, South Korea agree for Joint Production, Export of Military Hardware
India & South Korea agreed to go for Joint Production and export of military hardware, enhance intelligence
sharing & boost cooperation in Cyber and space domains as part of overall expansion of defence and security ties.
• The decision was taken during the meeting between Defence Minister Rajnath Singh & Suh Wook, National
Defence Minister.
• South Korea has been one of the major suppliers of weapons and military equipment to India.
• In 2019, both sides finalised a blueprint for cooperation in Joint production of various land and naval systems.
Suh Wook witnesses exercise by Indian Army’s Paratroopers in Agra
Suh Wook witnessed exercise performed by the Indian Army’s Paratroopers in Agra.
• Around 25 paratroopers showed combat free fall in which they were dropped from an aircraft at the height of
around 12, 000 feet, followed by static line jump by 80 paratroopers.
• Around 650 soldiers took part in the exercise.
• After witnessing the exercise, Wook visited Indian Army’s 60 Para Field Hospital which provided medical aid
to UN and South Korean personnel during the Korean War of the 1950s.
Recent Related News:
i.January 5, 2021, General Manoj Mukund Naravane, Chief of the Army Staff(COAS) of Indian army undertook a 3-day
visit to South Koreafrom December 28 to 30, 2020. It is the first-ever visit of an Indian Army COAS to the ROK.
About South Korea:
President – Moon Jae-in
Capital – Seoul
Currency – Korean Republic Won (KRW)
FOREIGN VISIT
First-Ever Visit of INS to Historic Port City of Mongla, Bangladesh
Indian Naval Ships(INS) Sumedha, an indigenously built Offshore Patrol vessel and INS Kulish, an indigenously built
guided missile corvette made a port call at the historic port city of Mongla, Bangladesh from 8th to 10th March
2021.
This is the first-ever visit of INS to Mongla to pay homage to the Bangladeshi and Indian soldiers and citizens who lost
Rupee Co-operative Bank Ltd. Gets 3 Month Banking License Extension from RBI Till May 31, 2021
Reserve Bank of India(RBI) extended banking license to Rupee Co-operative Bank Ltd., Pune, Maharashtra for 3
months (i.e.) till May 31, 2021. The co-operative bank was placed under the directions of RBI from the close of
business on February 22, 2013.
• Lastly, the validity of the direction was extended till February 28, 2021
Current position of Rupee Co-operative Bank
i.Until January 2021, the co-op bank has made a total recovery of Rs 258.11 crore and aggregate operating profit of Rs
53.19 crore in the last 4 years.
ii.Till January 31, 2021 it had made an operating profit of Rs 19.93 crore and paid Rs 366.54 crore to 92,602
depositors under the Hardship Scheme.
iii.For the past 5 years, the bank has been earning operating profit.
Note:The bank for recovery, has taken many steps like attachment of properties of defaulter borrowers and public
auctions of the same, filing criminal suits against defaulter borrowers/guarantors, etc.
What are the Directions?
i.According to the directions issued by RBI in 2013, the depositors can withdraw a sum upto Rs 1000 of the total
balance held in every savings bank or current account or any other deposit account by whatever name called. This is
subject to conditions stipulated in the RBI Directions.
ii.Without prior approval from RBI, the co-operative cannot grant or renew loans, make any investment among
others.
About Rupee Co-operative Bank Ltd.,
Chairman of Administrator Board– Sudhir Pandit
Established– 1912
Headquarters– Pune, Maharashtra
RBI removed LIC – Owned IDBI Bank from its PCA Framework after 4 Years
On March 10, 2021, The Reserve Bank of India (RBI) removed LIC – owned Industrial Development Bank of India
(IDBI) from its enhanced regulatory supervision, the Prompt Corrective Action (PCA) framework, after almost
4 years, on improved financial performance and credit profile.
The process behind the removal from the PCA framework:
• RBI has decided to conduct a review on IDBI Bank by the Board for Financial Supervision(BFS) on February
18, 2021
• The board reviewed the results published for the December quarter and stated that the Bank is not breaching
the PCA parameters on Regulatory capital, Net NPA, and Leverage Ratio.
• The bank has provided a written commitment that it would comply with the norms of the PCA Framework
• By taking all the above into consideration RBI decided to take them out of the PCA framework with certain
conditions and continuous monitoring.
Points to be noted:
• IDBI eases the bank rules, expands their business, and allows divestment by the government which holds a
45.48 % stake in the firm.
• IDBI’s progress: The Net NPAs of them was around 5.25% and 1.94% in the December quarter of the
previous and current fiscal.
Background:
• After breaching the thresholds for capital adequacy, asset quality, return on assets, and leverage ratio IDBI
Bank was placed under the PCA framework by RBI in May 2017.
RBI Reported a ‘$36 Billion’ FPI Inflows into Equities, the Highest Record Since FY13
The Reserve Bank of India(RBI) in its recent report stated that Foreign portfolio investors(FPIs) pumped inflows into
equities in India have made the highest record of $36 billion in FY21 up to March 10, which is the highest one since
FY13.
• Foreign direct investment (FDI) inflows also jumped to $44 billion in FY21 (till January 2021), from $36.3
billion a year ago.
• RBI reported that the Household debt to GDP ratio has jumped sharply to 37.1% in Q2 of FY21 while the
savings rate plunged to a low 10.4%.
Foreign portfolio investment (FPI) is investments that consist of securities and other financial assets held by
investors in another country. It does not provide the investor with direct ownership of a company’s assets.
Equity investment – It is an investment in a company by purchasing shares of that company in the stock market.
These shares are typically traded on a stock exchange.
Key points of RBI’s report :
i.Quality improvement:
• As per the report, the quality of FPI inflows also improved during the period as Category-I foreign investors
increased their stake to a high 95% of total equity assets at the end-February compared with 87% at the end-
December 2019.
RBI set up a 5-member External Advisory Committee headed by Shyamala Gopinath to Evaluate Banking
Applications
On March 22, 2021, the Reserve Bank of India(RBI) set up a five-member Standing External Advisory Committee
(SEAC) which is headed by former RBI Deputy Governor Shyamala Gopinath, for evaluating applications for
universal banks and small finance banks(SFBs).
TECHNOLOGY IN BANKING
Axis Bank Launched WhatsApp Banking Service
On 3rd March 2021, Axis Bank launched the banking services on WhatsApp, this will enable the customers to get
information on their balance, transactions, credit card payments, and deposit details. This is in line to the Dil se
open philosophy of Axis Bank.This service will be available for both customers and non-customers of the bank.
• This will also allow the users to chat with Axis Bank for their queries related to any banking services.
• The customers can also block their credit and debit cards using the secure end-to-end encrypted messaging
channel.
• The Axis bank’s Whatsapp banking can be started by sending ‘hi’ to 7036165000 on Whatsapp.
Axis Bank Launched wearable contactless payment devices under ‘Wear ‘N’ Pay’
On March 10, 2021, Axis Bank became India’s first bank after launching its own wearable payment device
named ‘Wear ‘N’ Pay’, to make contactless transactions. It includes a variety of accessories like the band, key chain,
and watch loop.
• Axis Bank partnered with Thales and Tappy Technologies to design and create these products and they are
available on the Mastercard platform.
Process of Payment:
• The wearables are embedded with a Flexi-chip which is directly linked with the customer’s bank account and
can be used like a regular debit card.
• To make cashless payments up to Rs. 5000 the customer has to wave/tap the payment devices against a POS
(Point of Sale) machine and for above Rs.5000, a PIN number requires to complete the transaction.
• The PIN can be generated using the Axis app or Internet Banking
Benefits of ‘Wear ‘N’ Pay’:
• It provides a daily purchase limit of about Rs. 1,00,000 and there is no limit on the number of daily
transactions.
• It offers 10% cashback, and a fraud liability covers up to 100% of the purchase limit.
• The devices are at an affordable price with a Joining fee of Rs. 750 and an Annual Fee of Rs. 500
Recent Related News:
On January 19, 2021, Axis Bank Ltd launched ‘AURA’, a credit card with health and wellness benefits at an affordable
price for its users. The features of the card are powered by Poshvine, Decathlon, Practo, Fitternity, IndushealthPlus,
1MG, etc.,
About Axis Bank:
India’s 3rd largest private sector Bank
Commenced operations – 1994(founded – 1993)
Managing Director (MD) and Chief Executive Officer (CEO) – Amitabh Chaudhry
Headquarter– Mumbai, Maharashtra
Tagline– Badhti ka Naam Zindagi
NSE Signed a MoU with SIDBI for Debt Capital Platform for MSMEs
On 2nd March 2021, the National Stock Exchange of India Limited (NSE India) signed a Memorandum of
Understanding(MoU) with the Small Industries Development Bank of India (SIDBI) for the cooperation in the various
Micro, Small and Medium Enterprises (MSMEs) initiatives of NSE and SIDBI and to explore the feasibility of debt
Capital Platform for the MSMEs.
Features of the MoU:
i.The MoU enables the cooperation between NSE and SIDBI for the benefits of the MSME sector.
ii.The cooperation between NSE and SIDBI will enhance the development of the MSMEs and increase the reach of
MSME programs of NSE and SIDBI.
iii.Under this MoU, SIDBI will work with NSE to explore the feasibility of the debt platform for the unfulfilled needs of
the MSME sector.
• This is in regards to the recommendation of the Expert committee on MSMEs headed by U K Sinha to develop
additional instruments for debt and equity that helps to crystallize the sources of fundings for MSMEs.
MSME initiatives:
i.Both NSE and SIDBI run several programs for the betterment of MSME.
ii.The major MSME initiatives to solve the working capital problems faced by small businesses were SME Exchange,
NSE Emerge and TreDs platform of Receivable Exchange of India Ltd (RXIL).
Reason for the Collaboration:
All lenders (i.e. public or private) required to follow the Reserve Bank of India’s priority sector lending guidelines,
they look for efficient mechanisms to reach farmers, especially small holders. Many banks fall short in meeting these
targets in the absence of these mechanisms. So, Canara Bank, through this strategic association with Arya, will be able
to help MSMEs.
SME Exchange:
SME exchange is a stock exchange dedicated for trading the shares of Small and Medium scale Enterprises (SMEs)
who have difficulties to get listed on the Main exchange.
NSE EMERGE:
i.EMERGE is a credible and efficient market place to bring about convergence of sophisticated investors and emerging
corporates in India.
ii.This provides opportunities to informed investors to invest in emerging businesses with growth plans, innovative
business models and commitment towards governance and investor interest.
Receivable Exchange of India Ltd (RXIL):
i.Receivable Exchange of India Ltd (RXIL) a joint venture between NSE and SIDBI.
RXIL was the first entity to get RBI approval to launch Trade Receivables Discounting System (TReDS) Exchange in
2016.
KVGB Signed A MoU With Our Food Pvt Ltd For Arranging Processing Units to Farmers Through Bank Loan
On 3rd March 2021, Karnataka Vikas Grameena Bank (KVGB) signed a Memorandum of Understanding(MoU)
with Our Food Private Limited, Visakhapatnam, Andhra Pradesh for arranging cost effective food processing units
to farmers through bank loan.
Objective:
Our Food will assist the farmers to set up processing units and will also procure the processed products and sell them
to bulk buyers.
Features of the MoU:
i.Under this MoU, the vendor will ensure the supply, delivery and installation of high quality, standardised and
branded equipment as the needs of the farmers.
ii.This will also ensure the purchase of the processed products.
Key Points:
i.Our Food purchases the processed products from the farmers and sells them on its tech platform, this enables the
farmers to get 20% to 25% more than the market price.
ii.The goal of our food is that the farmers should sell their produce for a better price by selling the processed produce
instead of raw produce.
Recent Related News:
On January 12, 2021 Karnataka Vikas Grameena Bank (KVGB) has signed a Memorandum of Understanding(MoU)
with Jai Kisan, a rural-focused fintech platform of Greenizon Agritech Consultancy Pvt Ltd to expand access to
financial services for individuals and businesses in Karnataka, including farmers and non-farmer entrepreneurs.
About Our Food Pvt Ltd:
Our Food is a tech based agribusiness platform based in Telangana, Andhra Pradesh, Madhya Pradesh, Maharashtra
and Karnataka.
MD– Bala Reddy
Head Office– Hyderabad, Telangana
Kotak Mahindra Bank Signed an MoU with the Indian Army for Salary Account
On March 4, 2021, the private sector lender Kotak Mahindra Bank signed a Memorandum of Understanding(MOU)
with the Indian Army at New Delhi for providing salary accounts to all the active and retired army personnel.
The MoU was chaired by Lt General Harsha Gupta and it was signed by Lt Gen R P Kalita and Mr. Virat Diwanji,
Group President – Retail Liabilities & Branch Banking, Kotak Mahindra Bank.
Purpose of the MoU
To offer a salary account and additional exclusive benefits for the Indian army personnel.
To make all the active and retired personnel to get access to the entire Kotak’s products and services.
Kotak’s products and services
The army personnel will get the services mentioned below
• A zero-balance salary account which earns up to 4% interest per annum
• Free unlimited ATM transactions on all VISA ATMs
• Banking anywhere across the bank’s network of 1,603 branches and 2,573 ATMs across India.
Exclusive benefits of Kotak salary account for the Indian army
Personal Accident Insurance Cover
The bank is providing an enhanced complimentary Personal Accident Insurance Cover for both the on-duty and off-
duty incidents. The insurance will cover both the accidental death and permanent disability (total/partial).
Educational Benefits cove
They are providing special educational benefits cover for the salary account holder’s children of up to 22 years for the
event of an accident claim.
Benefits on Loans and Credit Cards
• Loans will be provided with zero processing fees on personal loans, home loans and car loans.
• Waiver on joining fees for credit cards is also available.
Other benefits
• Offers Bespoke account through Privy programme for all commissioned officers
• Zero-balance Family Banking Accounts
• Free online payment transactions
• Unlimited cheque books
• Best-in-class rates for Demat accounts
• Best-in-class brokerage rates on trading accounts, which will be provided by Kotak securities Ltd.
What is a Privy League programme?
This programme offers a wide range of financial products and services like contactless debit card, new age banking
channels, and solves the inconveniences of everyday banking through Bespoke accounts.
Recent Related news:
On December 22,2020 Indian Army has signed an MoU with Bank of Baroda for Baroda Military salary package
In 2020, Kotak has pledged to donate ₹50 crores to the PM CARES fund to fight against the COVID-19 pandemic in
India.
About Kotak:
India’s first non-banking finance company which is converted into a bank.
Establishment – 1985
Headquarters -Mumbai, Maharashtra
Tagline – Let’s Make Money Simple
MD & CEO – Uday Kotak
SBI & IOCL inked India’s First SOFR linked ECB deal by Replacing LIBOR
On March 16, 2021, the State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) inked the
first SOFR (Secured Overnight Financing Rate) linked External Commercial Borrowing (ECB) deal by replacing the
London Inter-Bank Offered Rate (LIBOR) which is used by world banks when charging each other for short-term
loans.
• The SOFR linked ECB deal is for about $100 million with a maturity of 5 years.
SBI & IOCL Being the Changeover:
• This deal made by SBI & IOCL is the first SOFR linked ECB deal in India. It will facilitate other firms in India to
take this as a reference to make a transition from Libor to Alternate Reference Rates (ARR) linked ECB.
Reason behind the shift from LIBOR to ARRs:
• In July 2017, Financial Conduct Authority (FCA) in the UK decided to stop LIBOR, the international benchmark
reference rate lending by December 2021 and suggested using ARRs
• Among the 5 currencies under LIBOR, the US dollar will exit by the end-June 2023 and the remaining 4
currencies (Swiss franc, euro, sterling, yen) by the end – December 2021.
LIBOR’s current status: It is still being heavily used one especially for loans that mature within a year.
Alternate Reference Rates (ARRs):
• Secured Overnight Financing Rate (SOFR) and Sterling Overnight Interbank Average Rate (SONIA) are the two
popular alternatives, but only a few swap deals are linked to them internationally.
JICA signs 10 Billion Yen Loan agreement with TCCL for funding Clean Energy Projects
Japan International Cooperation Agency (JICA) signed a Loan agreement for a maximum amount of 10 Billion
Japanese Yen (~ INR 660 Crore) with Tata Cleantech Capital Ltd (TCCL), a Non-Banking Financial Company (NBFC)
for offering loans to Indian firms focussing on Clean Energy Projects.
• The loans will be provided through the Private Sector Investment Finance Scheme of JICA and is co-financing
with the Sumitomo Mitsui Banking Corporation (SMBC).
• The loan will support TCCL to reduce the impact of climate change by offering green finance, which will
contribute to decrease the emission of Green House Gas (GHG) in India.
• The agreement will help in achieving the Sustainable Development Goals 7 (Affordable and Clean Energy) & 13
(Climate Action).
Note – India is the world’s third-largest emitter of greenhouse gas (GHG) at present behind China and United states.
India’s Target in Paris Agreement
• India ratified the Paris Agreement in 2016. It has set a target to cut GHG emissions intensity of its GDP by 33-
35% by 2030.
• In order to achieve this target, India is promoting mitigation measures such as installation of renewable
energy (Solar Power, Wind Power), energy efficient equipment, and Electric Vehicles (EVs).
About Tata Cleantech Capital Ltd (TCCL):
TCCL, a joint venture between Tata Capital Limited (Tata Group) and IFC (World Bank Group), is a first-of-its-kind
private sector green investment bank focusing on climate finance and advisory services. TCCL, which has been
inducted into the Green Bank Network, is the premier Indian entity and the first private sector climate finance
institution to be part of this network.
Green Bank Network:
The Green Bank Network connects leaders in clean energy finance, shares best practices and supports investment in
clean energy solutions.
Recent Related News:
i.On January 8, 2021, a loan agreement was signed between India and Japan for JPY 30 billion (Rs 2,113 crore) to
support India’s efforts at providing social assistance to the poor and vulnerable households severely impacted by the
Covid-19 pandemic. It is named as Covid-19 Crisis Response Support Loan for Social Protection.
About Japan International Cooperation Agency (JICA):
President – Shinichi Kitaoka
Headquarters – Tokyo, Japan
About Tata Cleantech Capital Ltd (TCCL):
Managing Director – Manish Chourasia
Headquarters – Mumbai, Maharashtra
FICCI and IFSCA Signed an MoU to develop GIFT City as a world-class FinTech Hub
Federation of Indian Chambers of Commerce and Industry(FICCI) and International Financial Services Centres
Authority (IFSCA) signed a Memorandum of Understanding (MoU) to establish a framework for collaboration and co-
operation for the development of Gujarat International Finance Tec-City (‘GIFT’) IFSC.
The MoU will lead to future collaborations and cooperation between IFSCA and FICCI for the development of a world-
class FinTech Hub in GIFT IFSC.
• FICCI will also assist IFSCA in the development of FinTech Accelerator programmes in GIFT IFSC among the
other cooperation areas.
Other members present at the MoU:
• ICICI Lombard General Insurance Company Ltd, MD & CEO – Mr Bhargav Dasgupta
• Co-founder and Director, Billdesk – Mr Srinivasu MN
• Co-founder and CEO, BankBazaar.com – Mr Adhil Shetty
• Former Chief Executive, Indian Banks’ Association – Mr M V Tanksale
• Co-Founder and Director, Perfios- Mr V Govindarajan
India’s Fintech ecosystem:
• According to the Fintech Report 2020 by MEDICI India has around 2174 FinTech startups as of December
2020 in which Bengaluru and Mumbai lead and represent 42% of the startup headquarters.
SBI Mutual Fund launched its 1st overseas fund “SBI International Access – US Equity”
On March 1, 2021, The State Bank of India (SBI) Mutual Funds has launched its first overseas offering namely “SBI
International Access-US Equity FoF” which is an open-ended Fund of Fund (FoF) scheme that would invest in
mutual fund schemes /ETFs (exchange-traded fund) that invest in the United States (US) markets. The offering will
close on March 15, 2021.
• The underlying scheme of investment would be Amundi Funds – US Pioneer Fund, which fully integrates
ESG (Environment, Social Governance).
• The scheme will invest 95-100% of its net assets in Amundi Funds – US Pioneer Fund which invests
predominantly in the US markets.
Top 5 sectors- IT (Information Technology), consumer discretionary, health care, financials, and industrials are the
top five sectors in which scheme is invested.
Top 10 Holders – Top 10 holdings of the underlying scheme (as of January 31, 2021) are Microsoft, Apple, Alphabet,
Amazon.com, Visa, Analog Devices, International Flavours and Fragrances, Elanco Animal Health, Mastercard and
Schlumberger.
Key Points:
i.The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
ii. Amundi Fund (domiciled in Luxembourg) benchmarks with the S&P 500 Index and has assets under management
of $2.5 billion as of January 31, 2021.
iii. This SBI fund will provide an opportunity to investors to get exposure in the US market.
iv. It also enables the investors to invest in themes not available in the Indian market.
Recent Related News:
i.On January 7, 2021, Indian Oil Corporation Limited(IOCL) in partnership with SBI launched ‘IndianOil – SBI co-
branded RuPay Debit Card’. This contactless card can be used anywhere in India.
ii.On December 1, 2020, State Bank of India (SBI) in collaboration with National Payments Corporation of India
(NPCI) and Japan’s JCB (formerly Japan Credit Bureau) International Co. Ltd. unveiled “SBI RuPay JCB Platinum
Contactless Debit Card” with a unique dual interface feature.
About SBI Mutual Fund(SBIFMPL):
SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi, a
European asset management company.
CEO & Managing Director -Mr. Vinay M. Tonse
Headquarters– Mumbai, Maharashtra
Founded – 1987
World Bank plans $100-mn Guarantee Scheme for Solar Rooftop Projects
In order to boost India’s rooftop solar programme, the World Bank (WB) is planning to launch a $100-million
(~727Crore Indian Rupees) credit guarantee scheme along with the State Bank of India (SBI) and the MSME
ministry.
TGB & APGVB become 1st RRBs in India to Launch Video-KYC Facility
Two Regional Rural Banks (RRBs) – Telangana Grameena Bank (TGB) & Andhra Pradesh Grameena Vikas Bank
(APGVB) became India’s 1st RRBs to launch Digital Savings Account opening facility through Video-Know Your
Customer (KYC) facility.
Both RRBs are sponsored by the State Bank of India (SBI).
• Launched virtually by Dinesh Kumar Khara, Chairman of SBI.
• ‘zero contact’ feature will be enabled the onboarding of customers which are equivalent to commercial banks.
• CASA (Current Account Savings Account) Portfolio will be increased of both RRBs.
• TGB operates in 18 districts in Telangana, while APGVB operates in 19 districts of Telangana & 5 districts of
Andhra Pradesh.
Digital Insta Savings Account Mobile app
• The Digital Insta Savings Account mobile app of APGVB & TGB was launched in February, 2021.
• It is the major part of the Digital Insta Savings Account (DISA) launched by the 2 RRBs.
Regional Rural Banks (RRBs)
• RRBs were established on the recommendations of the Narasimham committee in 1975 under provisions of
an ordinance and later replaced by the RRB Act, 1976.
• Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank
(Any commercial bank can sponsor the regional rural banks) held shares in the ratios as central Government –
50%, State Government – 15%, and Sponsor Banks – 35%.
• RRBs were set up to provide sufficient banking and credit facilities for agriculture & other rural sectors.
• As per the Regional Rural Banks (Amendment) Bill, 2014, the authorized capital of each RRBs was raised from
INR 5 crores to INR 2000 Crores (divided into INR 200 crore of the fully paid share of INR 10 each).
• At present, there are 43 RRBs functioning across India.
Titan’s Fastrack ties up with Yono-SBI bank to launch a smart fitness band with digital payment components
On March 05,2021, India’s largest watch maker, Titan’s youth brand Fastrack joined with Yono-State Bank of
India to introduce a new smart wearable fitness band with digital payment components under its sub-
brand Reflex.
Objective of the partnership:
In order to strengthen its wearables and fitness category position among the youth with the prevailing trend of digital
payment which is accelerated by COVID-19.
Hence, Fastrack planned to introduce a smart wearable fitness band with a chip embedded in its band to make
cashless payments under its sub- brand Reflex.
How to do the payment through the fitness band?
i.The chip in the smart band will be linked with their SBI account.
ii.By flashing the chip in front of the POS (Point of Sale) machine it will lead to cashless payments within a short span
of time.
iii.The band will be launched in May.
About Titan and Fastrack:
i.Titan’s watches and wearables account for nearly 5% of the company’s overall business. Titan ranked second in the
smart wearables category from 2017-2019.
ii.In Fastrack’s business Reflex’s contribution is about only 10%
iii.Fastrack also entered a new category of smart audio accessories with hearables such as bluetooth-enabled over-
the-head earphones, wireless earbuds and behind-the-neck earphones.
Recent Related News:
On September 16, 2020, Titan introduced ‘Titan Pay’ a range of watches in collaboration with YONO SBI for
contactless payment functionality for the first time in India. The watch allows for payments of up to ₹2,000 without
entering a PIN.
About YONO:
Launch – 2017
YONO (You Only Need One)- It is an integrated digital banking platform offered by State Bank of India (SBI)
• It enables users to access a variety of financial and other services such as flight, train, bus and taxi bookings,
online shopping, or medical bill payments.
• YONO is offered as a smartphone app for both Android and iOS.
About Titan company Limited(Titan):
Headquarters – Bengaluru, Karnataka
Chairman- Mr N Muruganandam
Managing director – CK Venkataraman
Aquaconnect Partnered with BOB to provide Credit Access to Farmers under KCC scheme
On March 09,2021 Aquaculture tech company Aquaconnect partnered with Bank of Baroda(BOB) to provide credit
access to 1.6 million aquaculture farmers under the Kisan Credit Card (KCC)scheme.
• In this regard, M V Murali Krishna, General Manager and Head of Rural and Agri Banking Department of Bank
of Baroda signed the MoU along with Arpan Bhalerao, Chief Growth Officer, Aquaconnect.
Credit facilities under the partnership to Farmers:
• Providing credit access under the KCC at an annualized rate of as low as 10%
• BOB has extended loan for up to Rs 10 lakh under KCC scheme and fisheries loan.
• Providing higher credit limits Under Pradhan Mantri Matsya Sampada Yojana(PMMSY) and The Fisheries and
Aquaculture Infrastructure Development Fund(FIDF) scheme.
Key Features:
• Target areas: The company aims to target the states Andhra Pradesh, Tamil Nadu, Gujarat and Odisha and
later extending it to other states across the country.
• Beneficiaries: It is expected to benefit over 15,00,000 fish farmers and over 1,50,000 shrimp farmers across
India
• Aquaconnect’s contribution: They will provide advisory services and quality farm inputs for the fish and
shrimp farmers.
About Kisan Credit Card (KCC) scheme:
• It was introduced in August 1998 and created by NABARD (National Bank for Agriculture and Rural
Development).
• Objective: To meet the credit requirements of the agriculture sector by giving financial support to farmers
with the help of Commercial banks, Regional Rural Banks(RRB) and state Co-operative banks.
• By 2019 fisheries and animal husbandry are also included under this scheme.
Significant features of KCC scheme:
• KCC credit holders are covered under personal accident insurance up to ₹50,000 for death and permanent
disability, and up to ₹25,000 for other risks.
• The validity period for this card is about five years, with an option to extend for up to three more years.
• KCC offers credit to the farmers in two types viz, Cash Credit and Term Credit for allied activities such as pump
sets, land development, plantation, drip irrigations.
Recent Related News:
On December 5, 2020 Karnataka Vikas Grameena Bank (KVGB) launched ‘Kirishi OD(Overdraft)scheme’ for farmers
to get a maximum amount of Rs 1.5 lakh per acre for irrigated lands and Rs 1 lakh per acre for dry land. It was
launched by Neeraja Kumara Verma, Chief General Manager of NABARD, in Dharwad.
About Bank of Baroda(BoB):
HeadOffice– Vadodara (earlier known as Baroda), Gujarat
Managing Director(MD) and Chief Executive Officer(CEO)– Sanjiv Chadha
Establishment– 20 July 1908 (Nationalised on 19 July 1969)
Tagline– India’s International Bank
About Aquaconnect:
It is an aquaculture technology venture that promotes sustainability through data-driven farm advisory and market
place solutions for Aqua Farmers.
Magicbricks Partnered with Razorpay & HDFC Bank for Property Service “Pay Rent” through Credit Card
Magicbricks Realty Services limited(Magicbricks), a wholly owned subsidiary of Bennett, Coleman & Co. Ltd of The
Times Group, partnered with Razorpay and HDFC Bank to create a secure online solution “Pay Rent” feature for
rent payments through credit cards.
The online solution is created with a focus on the 10 million rental residential household market.
Note:
The estimated market size of the payment of rent through credit card is around Rs.3000 crore.
“Pay Rent” feature:
Magicbricks has activated the security features and has implemented the risk and fraud detection module of
Razorpay on the backend to ensure an additional layer of security in order to protect against any misuse.
Benefits:
i.The postponement of a large expense with a 45 days credit period translates to about 1% interest per month.
SEBI limited MF’s investment in Debt Instruments to 10% and Banned close-ended schemes investment in
perpetual bonds
On March 10, 2021, The Securities and Exchange Board of India (SEBI) in its circular set a limit for Mutual Funds
(MF’s) investment to 10% in debt instruments with special features such as additional tier-I (AT1) bonds.5% for
single issuers and stated the maturity for perpetual bonds as 100 years.
• The limits will be applicable only to new investments beginning 1 April all the existing debt instruments in
excess of the limit will be grandfathered i.e (allowed to continue with the existing limitations)
• The restrictions will apply to all debt instruments that have special features such as subordination-to-equity
and convertible-to-equity upon the trigger of a pre-specified event for loss absorption.
Frameworks for Limiting MF’s investment:
i. No MF shall, under all its schemes, own more than 10 per cent of AT1 bonds issued by a single issuer.
• Further, at the scheme level, the exposure to such instruments shall be less than 10 per cent of the total assets
and less than 5 per cent towards a single issuer.
ii.If investments of mutual fund schemes in such instruments in excess of the limits as on the date,
• Then such mutual fund schemes will not make any fresh investment in such instruments until the investment
comes below the specified limits.
iii.It has set a ban on close-ended schemes from investing in perpetual bonds such as AT1 bonds and modified their
maturity to 100 years.
• According to PRIME Database, nearly Rs 37,000 crore was invested by MFs in perpetual bonds, as of January.
iv.If such instrument is to be written off or converted to equity pursuant to any proposal, Sebi said the date of the
proposal may be treated as the trigger date.
• However, if such instruments are written off or converted to equity without any proposal, the date of write off
or conversion of debt instrument to equity may be treated as the trigger date.
Note:
• Perpetual bonds are fixed income securities with no maturity date. These bonds are not redeemable by the
issuer, AT1 bonds come under this.
• The segregated portfolio is a scheme to quarantine bad assets in a separate side portfolio allowing fair
treatment to all unitholders and deal with liquidity risk.
Securities and Exchange Board of India (SEBI)
Powers of SEBI:
• Quasi-Judicial: SEBI has the authority to deliver judgments related to fraud and other unethical practices in
terms of the securities market.
• Quasi-Executive: Empowered to implement the regulations and judgments made and to take legal
action against the violators.
SEBI approved Paytm UPI handle to enable payment mandated for IPO applications
On March 16, 2021, The Securities and Exchange Board of India(SEBI) has approved Paytm UPI handle to enable fast
and seamless payment mandates for Initial Public Offering (IPO) applications to benefit millions of users to invest in
capital markets through various brokerage platforms using them @Paytm UPI Handle.
• As per the latest National Payments Corporation of India (NPCI) report, Paytm Payments Bank (PPBL)
registers the lowest technical decline rate of 0.02% as compared to all UPI remitter banks and 0.04% as
compared to all UPI beneficiary banks
• Similar to Paytm Money, @Paytm UPI will soon be activated across all brokerage platforms
Key Points:
• PPBL has entered into a partnership with Paytm Money to enable payment mandates for IPO applications.
• It aims to open over 3.5 lakh demat accounts by year-end and expects 60% of users to be from small cities.
• Paytm had registered the lowest technical decline rate of 0.05 per cent in January 2021 among other UPI
remitter banks.
Paytm Money is aiming to bring 10 million Indians to equity markets by the financial year 2022.
Note – PPBL is the largest UPI beneficiary bank and has one of the best technology infrastructures for processing UPI
transactions.
About Unified Payments Interface (UPI):
• It is an instant real-time payment system developed by the National Payments Corporation of India (NPCI)
on 11 April 2016 to facilitate inter-bank transactions.
• On 16 August 2018, UPI 2.0 was launched which enabled users to link their Overdraft accounts to a UPI
handle.
PNB Set up ‘PNB Cards & Services Ltd’ – A Subsidiary to Manage Credit Card Business
On March 16, 2021, Punjab National Bank (PNB) set up a wholly-owned subsidiary named PNB Cards & Services
Ltd to provide the non -financial support services related to the credit card business of the bank.
• The authorized capital of PNB Cards & Services Ltd is Rs 25 crore and the paid-up capital is Rs 15 crore.
• The company has been incorporated by the Registrar of Companies(ROC), Delhi
Specific Features about PNB:
• According to the RBI data, the number of outstanding credit cards at the end of December 2020 of PNB stood
at over Rs 4.3 crores (43,402,879)
Transactions over a month in PNB:
• In December 2020, the number of transactions through credit card at PoS were 5,79,244 and its value was
about Rs 137.55 crore and
• The number of transactions through credit cards at ATMs was 3,871 and its value was about Rs 1.17 crore in
the same month.
Existing Card services:
• HDFC Bank is the largest credit card issuer in India and SBI Cards is the second-largest pure-play credit-card
issuer in the country.
Note – Registrar of Companies in India (ROC) is the governmental authority for Company Registration and LLP
Registration and regulation of Limited Companies and Limited Liability Partnership (LLP) in India.
Recent Related News:
On December 1, 2020, Punjab National Bank (PNB) developed and launched ‘PNB LenS-The Lending Solution’, an IT
(Information Technology) based lending solution for loan management.
About Punjab National Bank(PNB):
Founded– May 19, 1894
Commenced Operations– April 12, 1895
MD & CEO – CH. S. S. Mallikarjuna Rao
Headquarters– New Delhi, India
Tagline– The name you can bank upon
IATA partners with Standard Chartered Bank for providing EasyPay Services
International Air Transport Association (IATA) has partnered with Standard Chartered Bank for providing ‘EasyPay’
services to Travel Agents in India. It will provide greater payment flexibility to travel agents.
• ‘EasyPay’ is a ‘pay as you go’ service which aims to replace the traditional billing and settlement plan payment
methods (Cash or Credit Card).
• It aims to increase the digitisation of payments and is expected to boost cash flows for the aviation industry
& travel agents.
• Standard Chartered Bank will be one of the IATA’s EasyPay service providers in India.
• It will be available to all IATA accredited agents in India.
• IATA EasyPay is a new payment method which aids streamline payment flows within the aviation ecosystem.
It was launched in 2018 in India along with YES Bank.
ADB Raises $307 Million from 1st Panda Bond Issue in over a Decade
Asian Development Bank (ADB) has raised over USD 307 Million(~ INR 2232 Crore or Chinese Yuan
Renminbi (CNY) 2 billion) from the 1st Panda bond issue in more than a decade.This is ADB’s largest-ever
borrowing in an Asian local currency.
• It is the first borrowing of ADB from a CNY10 billion program approved by regulator National Association of
Financial Market Institutional Investors in June 2020.
Objective – It will support ADB for their development project in china during its 5 year country partnership strategy.
What is the Panda Bond?
A Panda bond is a Chinese Currency (renminbi) denominated bond from a non-Chinese issuer, sold in China.
Before selling such bonds, the Chinese government agreed that funds raised from sales of Panda bonds would have to
remain in China; issuers would not be permitted to repatriate such funds.
About the Panda Bond:
Bond Pays Annual Coupon – 3.20%
Maturity – 5-year Bullet Maturity.It will redeem in March 2026.
Issuance of Bond:
The issuance of bond was arranged by lead underwriter and bookrunner Bank of China, with joint leads BNP Paribas,
CITIC Securities, and HSBC Bank and a syndicate of relationship banks.
Key Points:
i.The Proceeding of this bond will be built on the capital resources of the ADB & it will be deployed to support ADB’s
local currency operations in Chinese renminbi.
ii.The offering was 1.86 times oversubscribed and widely distributed to domestic and international investors through
centralized book building and auction in the China Inter-Bank Bond Market.
iii.It was priced 21 basis points below the corresponding China Development Bank bond reference yield and 9 basis
points above Chinese government bonds.
Background:
Earlier, ADB has 1st issued CNY1 billion, in 2005 & again had issued CNY 1 billion again in 2009.After that ADB has
issues almost CNY 10 billion of offshore Dim Sum bonds.
Recent Related News:
i.On December 8, 2020, ADB approved USD 300 million (about Rs 2,200 crore) loan for Strengthening Comprehensive
Primary Health Care in Urban Areas Program in India.
Union Bank of India & SMC Global Securities Join Hands to Offer Online Trading
Union Bank of India(UBI), one of the Indian government-owned banks headquartered in Mumbai and SMC Global
Securities, offering brokerage services became partners to provide online trading services to the bank’s customers.
Customers can trade using the portal www.smctradeonline.com apart from desktop and mobile applications.
Gist about Union Bank of India
i.In 2012, the bank launched India’s First Talking bilingual accessible ATM specially made for the benefit of
visually challenged at the Vastrapur, Ahmedabad.
ii. In 2008, the bank became the 1st Large nationalized Bank to achieve 100 % Core Banking Solution (CBS)
networking and also became 1st Public sector Bank to launch Mobile Banking Facility named ‘U Mobile’.
iii.MD and CEO – Rajkiran Rai.
Govt Appointed NTPL as a Trustee for Rs 750 Cr Credit Guarantee Fund Under AHIDF
On March 19, 2021, NABSanrakshan Trustee Pvt Ltd (NTPL), the wholly-owned subsidiary of National Bank for
Agriculture and Rural Development(NABARD) has been appointed by the Government as a trustee for Rs 750 crore
Credit Guarantee Fund under Animal Husbandry Infrastructure Development Fund (AHIDF).
Key points:
• The Credit Guarantee Fund will provide credit guarantees to eligible entities assisted under AHIDF.
• The fund shall be operationalized under a trust – Credit Guarantee Fund Trust for Animal Husbandry and
Dairying (CGFTAHD).
About Animal Husbandry Infrastructure Development Fund (AHIDF):
• In June 2020, the government has set up AHIDF with a corpus of Rs 15,000 crore as part of
the Aatmanirbhar package.
• It would facilitate much-needed incentivization of investments in establishment infrastructure for dairy and
meat processing.
• Beneficiaries: The eligible beneficiaries under the Scheme would be Farmer Producer Organizations (FPOs),
MSMEs, Section 8 Companies, Private Companies, and individual entrepreneurs with a minimum 10% margin
money contribution by them, the balance of 90% would be the loan component to be made available by
scheduled banks.
About National Bank for Agriculture and Rural Development (NABARD):
NABARD was established on the recommendations of the B.Sivaramman Committee (by Act 61, 1981 of Parliament)
to implement the National Bank for Agriculture and Rural Development Act 1981.
Established – 12 July 1982
Chairman– Govinda Rajulu Chintala
Headquarters – Mumbai, Maharashtra
ICICI Bank in Partnership with BillDesk and Razorpay Launched Instant EMI Facility – ‘EMI @ Internet
Banking’
On March 24, 2021, ICICI Bank launched an instant EMI (Equated Monthly Instalments) facility in its internet banking
platform ‘EMI @ Internet Banking’ in partnership with BillDesk and Razorpay, leading online payment gateway
companies. ICICI Bank becomes the first Indian bank to introduce an instant EMI facility on an internet banking
platform.
• It enables its pre-approved customers to convert their high-value transactions up to Rs 5 lakh into easy
monthly instalments.
Objective: To provide the customer with the flexibility of EMIs for high-value transactions
Benefits of ‘EMI @ Internet Banking’ facility:
• Higher transaction limit: Customers can do purchases of products or services ranging from ₹50,000 to ₹5
lakh.
• Flexible tenures: Customers can select tenures of their choice from three months, six months, nine months and
12 months.
Recent Related News:
On November 19, 2020 ICICI Bank Ltd in partnership with Pine Labs launched ‘ICICI Bank Cardless EMI’ (Equated
Monthly Instalments). ICICI Bank becomes India’s first bank and first in industry to launch a fully digital payment
mode, a cardless EMI facility at retail stores.
About ICICI Bank:
Establishment – 1995(Incorporated 1994)
Headquarters– Mumbai, Maharashtra
MD& CEO – Sandeep Bakhshi
Tagline – Hum hai na, Khayal Apka
About BillDesk:
Establishment – 2000
Headquarters – Mumbai, Maharashtra
About Razorpay Software Private Limited:
Establishment – 2013
Headquarters – Bangalore, Karnataka
CEO – Harshil Mathur
Niyo partners with Equitas SFB & Visa to launch NiyoX for millennials
Niyo, a digital banking fintech, has partnered Equitas Small Finance Bank (SFB) and Visa launched NiyoX, a mobile
banking solution for millennials. the NiyoX is offers ‘007 banking’, it comes with 0% maintenance charges, 0%
commission on mutual fund investments and 7% interest on account balance.
Objective of NiyoX – to on-board 2 million customers by the end of 2021
NiyoX features & Benefits:
• It is a 2 in 1 account i.e Savings Account + wealth account.
• It has Zero account maintenance charges. It is a Rs 10,000 balance account. But if the customer doesn’t meet
the average balance requirement no charges will be levied.
• Interest rate: 3.5% upto Rs 1 lakh and 7% on incremental amounts above 1 lakh.
• Niyo is soon going to launch domestic and international stocks on the platform
SBI interest rates:
• The interest rate on the SBI Savings Bank Deposit Account with a balance of up to Rs 1 lakh or above is 2.70%.
• For Fixed Deposit(FD):
• SBI offers the FD for the Period of 5 to 10 Years with Interest Rate of 5.40% for Regular Customers & 6.20% for
Senior Citizens.
Millennials’ Banking Need
Niyo conducted a nationwide survey among 8000 millennials residing in metro and non-metro cities to understand
millennial’s banking needs post Covid-19 pandemic, especially for convenient customer support.
It shows that 70% of Indian millennials are now inclined towards digital banking.
Recent Related News:
On November 16, 2020 Equitas Small Finance Bank Limited(ESFBL) launched ‘Eva’, a unique savings account for
Indian women. The product addresses the wellbeing of women in every aspect such as Health, Wealth and Prosperity.
The Product that is aimed at women is based on the concept of Relationship Value.
About Niyo:
Establishment – 2015
Co-Founder and CEO – Vinay Bagri
About Equitas Small Finance Bank Limited(ESFBL):
MD and CEO– Vasudevan Pathangi Narasimhan (P N)
Headquarters– Chennai, Tamil Nadu
Tagline– It’s Fun Banking
YES Bank & SHEROES Launched ‘YES Essence Plus’ an Accelerator to Support Women Entrepreneurs
On 24th March 2021, Yes Bank in partnership with SHEROES, a women led social network launched “YES Essence
Plus” a unique accelerator program to support the women entrepreneurs and women led startups.
Aim:
• To encourage women entrepreneurs into the league of successful, scalable and sustainable businesses.
• Built an incredible community that enables women entrepreneurs to build extraordinary business.
YES Essence Plus:
i.Over a period of 10 weeks the startups will be provided a customised training through virtual workshops conducted
by experts.
ii.This will focus on developing skills like financial management, legal, fundraising, marketing and effective
leadership.
iii.The accelerator will be completed with the final demo day, where the startups will present their ideas to the
venture capital partners, Bharat Innovation fund, CIIE A and 3one4 Capital.
iv.GAIN, Strategy Garage and WSquare, the leading accelerators will support the outreach as ecosystem partners.
Importance of investing in women entrepreneurs:
Investing in women entrepreneurs will accelerate the GDP growth of India to 9 to 10% and improve the Gender
indices of India.
Recent Related News:
On January 13, 2021 YES Bank partnered with Aditya Birla Wellness Private Limited to launch ‘YES Bank Wellness’
and ‘YES Bank Wellness Plus’ Credit Cards. This co-branded wellness themed credit cards encourages self-care and
fitness of consumers.
About YES Bank:
MD & CEO– Prashant Kumar
Incepted in– 2004
Headquarters– Mumbai, Maharashtra
Tagline– Experience our Expertise
FINANCE NEWS
ABHICL introduced India’s first Health Insurance plan, ‘Activ Health Policy’ with upto 100% Premium returns
On 26th February 2021, the Aditya Birla Health Insurance Company Limited (ABHICL), Health Insurance subsidiary
of Aditya Birla Capital Limited, has announced India’s first initiatives of upto 100% health insurance premium returns
and other products with upgrades under the new version of its Flagship product ‘Activ Health Policy’.
• With this ABHICL became the only insurance company to offer up to 100% premium
returns(HealthReturnTM), offers upto 100% reload of sum insured through its upgraded Activ Health Policy.
• ‘Activ Health’ is Asia’s first plan to offer mental illness counselling coverage and Industries first to cover
unlimited homeopathy telemedicine.
Features of Enhanced Activ Health:
i.This also offers coverage for mental illness counselling, unlimited homeopathy telemedicine, modern and advanced
treatment methods, Day 1 coverage for chronic illness(Asthma, High Blood Pressure, Cholesterol and Diabetes) for all
the customers.
ii.For the customers who have or develop chronic condition gets automatic upgrade at no extra cost.
iii.This also provides access to expert health coaches for medical, Nutritional, Mental and fitness, Mental counselling
sessions and Homeopathy teleconsultation.
iv.The Double sum insured in 2 claim free years will earn 50% no claim bonus for every claim free year(up to 100%
sum insured).
v.The inbuilt international cashless treatment of the policy covers upto Rs.3 to 6 crore.
Rewards and Benefits:
i.Under this the consumers are rewarded with cash equivalents that can be used for health related expenses like
purchase of medicines, cost of diagnostic tests, day care treatment, outpatient expenses(OPD) and alternative
treatments, which is traditionally excluded).
ii.This can also be used towards the payment of future premium.
iii.This also provides the wellness ecosystem access to people without exclusivity.
iv.The customers can access the details of their health insurance and access healthcare services through Activ Health
App.
Alliance Insurance launched SMEInsure to insure 5 crore Small and Medium Enterprises
In order to provide financial security to Micro, Small and Medium Enterprises (MSMEs), small shop and business
owners on February 28, 2021, Alliance Insurance launched SMEInsure. It is a portal to insure 5 crore Small and
Medium Enterprises (SMEs) under the insurance category.
• Notably, the portal will provide insurance services in a phygital formate. physical, through individual
personal assistance and digital insurance through the portal.
• The target of Alliance Insurance is to reach more than 5 crore SMEs in the first year and expect a revenue of Rs
10 crore. Approximately 97% of the SMEs in India are not insured.
Key Points:
–Its objective is to help SMEs in managing multiple risks through a single platform ranging from buying insurance,
renewing cover to filing claims.
–This portal will provide options to choose and compare products from various well-known insurance services
including HDFC Ergo, Bajaj Allianz, Iffco Tokio, Tata Aig, Liberty General Insurance, Raheja QBE, Reliance General
Insurance, and SBI General.
–SMEs can get their businesses insured for professional indemnity, director and officers, marine, fire and burglary etc
–In the first phase, the company will focus on the hospitality industry, shop owners, salon, offices and educational
institutes.
Recent Related News:
i.On December 28, 2020 Bajaj Allianz General Insurance in association with Jammu & Kashmir Government launches
health insurance coverage under Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) Social,
Endeavour for Health, and Telemedicine(SEHAT).
ii.On January 6, 2021 PhonePe in partnership with ICICI Prudential Life Insurance Co Ltd launched Term Life
Insurance plans on its platform. This policy can be availed by PhonePe users instantly on PhonePe app through an all
digital process without the need of any health check-ups and paperwork.
About Alliance Insurance:
Chief Executive Officer & Principal Officer– S. V. Thakkar
Headquarter– Mumbai, Maharashtra
Government amends Insurance Ombudsman Rules, 2017 ‘Insurance Ombudsman (Amendment) Rules, 2021
On March 2, 2021, the Central Government amended Insurance Ombudsman Rules, 2017 by exercising the powers
conferred under section 24 of the Insurance Regulatory and Development Authority Act, 1999. The amended rules
are called as ‘Insurance Ombudsman (Amendment) Rules, 2021‘.
Why these rules are amended?
These were amended to have a better a sight of policyholders’ complaints regarding insurance service deficiencies
and to improve the working of the Insurance Ombudsman mechanism.
• It should be noted that the Ombudsman mechanism was administered by the Executive Council of Insurers,
which is now renamed as the Council for Insurance Ombudsmen.
Electronic form of complaint:
To strengthen the timeliness and cost-effectiveness of the Insurance Ombudsman mechanism, a complaints
management system is created through which policyholders file complaints electronically to the Ombudsman and can
can also track the status of their complaints online.
• The Ombudsman may use video-conferencing for hearings.
Insurance Brokers brought under Ombudsman mechanism
Insurance brokers have been brought within the ambit of the Ombudsman mechanism, by empowering the
Ombudsmen to pass awards (verdict) against insurance brokers as well.
• Insurance broker: An individual who has been granted a certificate of registration as an insurance broker by
the Insurance Regulatory and Development Authority of India (IRDAI). He/She advises people on their
insurance needs and negotiates insurance contracts on their behalf with insurers.
Appointment of Insurance Ombudsman
Insurance Ombudsman shall be appointed by the Council for Insurance Ombudsmen on the recommendations of the
Selection Committee. Their key eligibilities are:
• To be a Insurance Ombudsman, a person is not less than fifty-five years but not exceeding sixty-five years of
age
• An Insurance Ombudsman shall hold office for a term of three years or till he attains the age of sixty-eight
years, whichever is earlier.
• To secure the independence and integrity of the Ombudsman selection process, the selection committee will
now include an individual with a track record of promoting consumer rights or advancing the cause of
consumer protection in the insurance sector.
• When there is a vacancy in the office of a particular ombudsman, provision has been made for giving additional
charge to another ombudsman.
Background:
As per Insurance Regulatory and Development Authority of India’s (Irdai’s) annual report for FY20, banks and
brokers received close to 10,000 mis-selling complaints each. In 2018-19, banks received more than 12,000 mis-
selling complaints. The report further observed that complaints being disposed of in favour of the complainant has
marginally come down to 25% in 2019-20 from 27% in 2017-18.
Click here to read Full Amendments
Axis Securities launched 1st of its kind direct access platform ‘YIELD’ to debt instruments for retail investors
On March 3, 2021, Axis Securities launched ‘YIELD’, an online platform to buy and sell bonds as well as debentures in
the secondary market. It is a first-of-its-kind initiative that allows retail investors direct access to the debt
instruments. Earlier, this online access was available only to the large corporations, family offices, or HNIs (high net
worth individual).
How this tool will be beneficial?
i.Free of Hassle: It will remove the hassle of filling up physical forms or the need for separate KYC with the bond
institutions.
ii.Security: It facilitate transactions only in secure options as it aggregates only ‘AAA’ to ‘A’ rated quality debt
instruments available for investment.
• Debt instruments are assets that require a fixed payment to the holder, usually with interest.
The settlement of transactions will be reported on the BSE NDS (new debt segment) platform. Notably, investment in
bonds offers safety during market volatility due to fixed coupon rates.
About Axis Securities:
Managing Director and Chief Executive Officer– B Gopkumar
Headquarter– Mumbai, Maharashtra
HDFC ERGO launched Business Kisht Suraksha, to Protect MFIs & Financial Institutions Against Calamities
HDFC ERGO General Insurance, a non-life insurance company in the private sector, launched a Business Kisht
Suraksha, a unique cover to protect the balance sheet of the Microfinance Institutions(MIFs), Financial institutions
and banks against the natural calamities and disasters.
This will address the impacts of calamities on the lending business by compensating against climate change and
protect the Financial institutes from rising Non-Performing Asset (NPA).
Aim:
To limit the impact on the balance sheet of financial institutions due to non-payment of EMIs by borrowers, resulting
out of listed disasters such as floods, earthquakes and hurricanes.
About Business Kisht Suraksha:
i.The Business Kisht Suraksha can be customized based on the requirements of an individual MFI or financial
institution.
ii.The product can also be customized based on the geographical presence of the borrower, MFI or Financial
institution basis the climatic conditions that the location is prone to.
iii.The MFI or Financial institution has the option to choose the number of EMIs that needs the insurance coverage
based on the exposure of the lender.
India Grants NRs 44.17million to Nepal to Build School Under Nepal Bharat Maitri Development Partnership
Government of India has extended a grant of 44.17 Million
Nepali Rupees(NRs) (around Rs. 2.7 crore) to the
Government of Nepal for the construction of new school
buildings in Rupandehi district of Lumbini province, Nepal
under the Nepal Bharat Maitri Development
partnership.
Background:
i.On 4th March India signed a memorandum of
understanding (MoU) with Nepal to build a new school
building in Nepal.
ii.The MoU highlights India’s commitment to complement the efforts of Nepal toward creating infrastructure in the
priority sector.
Other Projects of India in Nepal:
i.India has completed around 446 projects in various fields like health, education, drinking water, connectivity,
sanitation and creation of other public utilities across all seven provinces of Nepal.
ii.Under the reconstruction grant of NRs 5800 million, India is reconstruction around 71 educational institutions in 8
districts which were damaged during the 2015 earthquake
PNB Housing Finance Announced the Donation of Electric Cars to Women in Jaipur & Indore, MP
On the occasion of International Women’s Day on March 08,2021 Punjab National Bank(PNB) Housing Finance
company has partnered with Delhi-based NGO, Azad Foundation to donate electric cars under the initiative named
‘Women With Wheels’ for the women of Jaipur and Indore, Madhya Pradesh(MP).
Note – Azad Foundation launched Women With Wheels in 2008.
Key points of the initiative:
• It is a part of PNB’s Corporate Social Responsibility (CSR) project called ‘SHE’.
• The initiative is to facilitate underprivileged women to gain driving skills and donate electric cars to them.
• 6-8 months of technical training along with self-development and rights based awareness training also will be
given.
• Training will be given to women in the age group of 18-35 years who are living in urban slums and re-
settlement colonies.
• It will generate an annual income of around Rs 4.5 lakh for the women drivers and will also generate about
10,000 safe rides for women passengers, which will make the public transport safer for women.
Samsung Electronics, Mastercard, and Samsung Card join hands to launch a Fingerprint Biometric Payment
Card
On March 04, 2021, in Korea, Mastercard, Samsung Electronics’ System LSI Business, and Samsung Card signed a
Memorandum of Understanding (MoU) to develop a biometric card with a built-in fingerprint scanner sensor to
provide faster and secure payments transactions which will reduce physical contact by avoiding the entering of PIN
on Keypad.
• The card will be developed by Samsung’s System LSI Business’ security chipset
• Working with Mastercard and Samsung Card to create an environment for using the payment card.
• Mastercard will also provide its cybersecurity through its global payment network
Objective:
The biometric card with a fingerprint sensor is launched to eliminate the physical contact of users at the payment
terminal.
Key Points:
i.Payment: Users can pay through this biometric card at any Mastercard chip-enabled terminal or Point of sale(POS)
terminal.
ii.Availability: Initially this card will be available in South Korea especially for corporate clients as corporate credit
cards as they will be having more international transactions.
iii.Identification: The card will use fingerprint recognition to verify the identities of cardholders.
Recent Related news:
Mastercard and Razorpay have joined hands to empower Indian micro, small and medium enterprises (MSMEs) and
startups especially in tier 2 and 3 cities in digitizing their operations, maintaining business continuity for a cashless
future.
About Samsung Electronics:
Establishment -13 January 1969
Headquarters – Suwon, South Korea
About Mastercard:
Establishment-1979
Headquarters – New York, U.S.
President and CEO – Michael Miebach
Edelweiss General Insurance Partnered with InterMiles to introduce ‘Free Cancellation Travel Insurance’
On March 10, 2021, India’s 1st cloud-native insurers, Edelweiss General Insurance in partnership with InterMiles
(leading travel and lifestyle rewards programme) launched Edelweiss Group Domestic Travel Insurance.
• The insurance product is a free cancellation air travel policy that takes care of all the cancellations concerns
that customers may have at the time of canceling the booked tickets.
Significance of the Edelweiss Free cancellation policy:
Aim: To reduce the stress of the customers and making their travel plans smooth and easier.
• Customers booking tickets on InterMiles to travel anywhere in India can use this policy by paying a nominal
amount at the time of booking.
• Cancellation of the booking could be done easily, using the policy’s Zero cancellation
• It allows the customers to cancel their flights up to 24 hours before departure and a full refund of the
cancellation fee will be settled digitally as per the policy.
LIC of India launched an individual life assurance savings plan ‘Bachat Plus’
The Life Insurance Corporation (LIC) of India has launched Bachat Plus, a Non-Linked, Participating,Individual,
Savings Plan which offers a combination of protection and savings & financial support for the family of the deceased
policyholder any time before maturity.
• The Minimum Basic Sum Assured is Rs 1,00,000/- with no upper limit.
• The maturity period of the plan is about five years.
• The minimum policy term suitable is 10 years and maximum of 25 years under all the options.
Main Benefit:
The main advantage is life protection up to 10 times the premium paid, which remains the same for the entire policy
term without any chance of getting elapsed.
Tax Benefits:
By availing the single premium option, people up to 44 years of age may avail either the 80C benefit or the LTC
Scheme benefit.
Below are the different modes of premium payment and their options:
1.Single Premium Payment:
Under this the applicants may pay the premium in a single lump sum
• Option A provides a Sum Assured on Death of 10 times the tabular premium for the chosen Basic Sum Assured
• Option B provides a Sum Assured on Death of 1.25 times the tabular premium.
Age Limits for the plan at Entry:
• Minimum age – 90 days (completed) for both Option A and Option B
• Maximum age – 44 years for Option A and 70 years for Option B
Age at Maturity:
• Minimum age limit – 18 years
• Maximum age limit – 65 years for Option A and 80 years for Option B
2.Limited Premium Payment:
This mode enables the applicants to avail the 5-year limited premium for paying.
• Option A provides a Sum Assured on Death of 10 times the tabular premium for the chosen Basic Sum Assured
(same as single premiums)
• Option B provides a Sum Assured on Death of 7 times the tabular premium.
Age Limits for the plan at Entry:
• Minimum age – 90 days for Option A and 40 years for Option B
• Maximum age – 60 years for Option A and Option B.
Age at Maturity:
• Maximum age limit – 75 years for Option A and 80 years for Option B.
Exception: For the age range of 41 years to 44 years under the single premium Option A, where the policy term may
be availed is between 10 years and 16 years.
Vayana Network Partnered with CRIF India to Launch GBS, a Tech-enabled Tools for MSMEs
Vayana Network, a leading Supply chain financing platform has partnered with CRIF Solutions India, a global
FinTech company and launched Good Business Score(GBS), a tech-enabled tool to support the Micro, Small & Medium
Enterprises(MSME) in India to effectively measure and manage their businesses.
Aim:
To provide the current accurate measure of the business health for MSMEs.
Features:
i.The GBS is based on the ongoing GST Data, from parameters like frequency, recency, the value of actual transactions
and business dependency across customers are derived.
ii.The score reflects the MSMEs strength, growth drive, and areas of improvement.
iii.A good score acts as a certificate to get new business leads.
ivBy periodically measuring the score, The GBS can be used as a diagnostic tool to make corrections and
improvements.
v.The GBS can be accessed by businesses on the Vayana Network platform where the merchant data is secured and
confidential.
Benefits:
i.This will act as a point of reference for larger corporates, financial institutions or lenders.
ii.For corporates, this will provide a real-time pulse of the condition of their MSME supply chain partners.
iii.For financial institutions, this will work as an evaluation tool for getting an ongoing pulse of borrowers and
support them to predict and reduce the lending risks.
Recent Related News:
On December 7, 2020 Mastercard, National Institute for Micro, Small & Medium Enterprises (ni-msme) and
Confederation of Indian Industry (CII) entered into partnership to launch Digital Saksham, a capacity building
initiative to drive awareness about digitization for Micro, Small and Medium Enterprises(MSMEs) in India. Under this
3 year project, more than 3 lakh MSMEs will be trained to adopt digitisation.
About Vayana Network:
Founder & CEO– R. N. Iyer
Headquarters– Pune, Maharashtra
USAID, DFC announces USD 41 Million for financing Renewable Energy solutions in India
United States Agency for International Development (USAID) & US International Development Finance Corporation
(DFC) has announced a USD 41 Million (~ INR 297 Crore) Joint Loan Portfolio guarantee program for financing
investments in renewable energy solutions including rooftop solar installations by Indian Small and medium-sized
enterprises (SMEs).
• Objective – To address the Financial hurdles facing rooftop solar project installations in India. It will benefit
SMEs & residential consumers for securing finances needed for installing and using rooftop panels.
• At present, SMEs account for 48% of total energy consumed in India’s industrial sector. Installing Rooftop
solar power will enable SMEs to get access to reliable power & will also reduce their electricity costs.
• The transition will also further progress towards India’s clean energy transition & climate change mitigation.
IRDAI Hiked the Maximum Cover Under Arogya Sanjeevani Policy from Rs 5 Lakh to 10 Lakh
Insurance Regulatory and Development Authority of India (IRDAI), the insurance sector regulator has hiked the
maximum cover under the standard health insurance plan – Arogya Sanjeevani Policy – from Rs 5 lakh to Rs 10
lakh and also has expanded the sum insured bands under the policy to between ₹50,000 and ₹10 lakh in multiples
of ₹50,000 as against the previous range of Rs 1 lakh – Rs 5 lakh.
• Insurers can offer the revised sum insured with effect from 1 May, 2021 or earlier.
Objective: To bring more people under the ambit of health insurance by enhancing the coverage available under
Arogya Sanjeevani Policy.
Latest Modifications in the policy by IRDAI:
• IRDAI made it compulsory for insurers to offer a sum insured of up to ₹10 lakhs, starting from ₹50,000 and in
multiples of ₹50,000.
• It led the companies to file premium rates for the revised sum insured as per the guidelines on the filing minor
modifications.
• Regulated that the unique identification number (UIN) allotted to a product will be retained after the
modifications
• Allowing higher sum insured options will render the product a viable option for metros and tier-1 cities
commented by Sanjay Datta, chief-underwriting, claims and reinsurance, ICICI Lombard General Insurance.
Danish Red Cross Launched the World’s First Volcano Cat Bond
On March 22, 2021, The Danish Red Cross, Denmark’s branch of the Red Cross has sponsored and launched the
world’s first Catastrophe Bond (cat bond) for Volcano-related disasters with the support of several financial firms.
• The cat bond covers 10 volcanoes, which aims to raise up to $3 million and will transfer money from
investors to the Danish Red Cross for aid in the aftermath of an eruption.
Catastrophe bond: It is a high-yield debt instrument that is designed to raise money in the insurance industry in
the event of natural disasters such as an earthquake, tornado, hurricanes and typhoons, now Volcano also comes
under the list.
Features of ‘cat bond for volcanoes’:
Criteria: The 10 volcanoes covered by the cat bond were selected for the significant humanitarian threat they
represent, with at least 700,000 individuals living within 60 miles (100km) radius of a potential eruption.
10 Volcanoes Covered by the cat bond:
Country Volcano’s name
Mexico Popocatepetl(North America’s second-highest volcano)
Colombia Nevado del Ruiz
Ecuador(3) Cotopaxi, Tungurahua and Pichincha
Indonesia(2) Merapi and Raung
Chile VillaRica
Guatemala Fuego
Cameroon Mt. Cameroon
Existing kind of bond:
• On June 28, 2017, The World Bank has launched specialized Pandemic bonds for providing financial support
to the Pandemic Emergency Financing Facility (PEF)
• But the pandemic bonds came under criticism when they failed to pay out during an Ebola outbreak in 2019
and in the early months of COVID-19 in 2020.
Japan finalises Loans & Grant worth 232.86 Billion Yen for Infrastructure Projects in India
On March 26, 2021, Japan finalised loans and a grant totalling
around 232.86 (~233) Billion Japanese Yen (~ INR 15433
Crores) for development of several key infrastructure projects in
India. The funds will be provided through the Japan International
Cooperation Agency (JICA).
• The notes on Loan & grant were exchanged
between Suzuki Satoshi, Ambassador of Japan to India
& Dr. C.S. Mohapatra, Additional Secretary, Department of
Economic Affairs, Ministry of Finance, Government of India.
Overview of Projects & Grants
Project Amount
52.036 Billion Yen
Bengaluru Metro Rail Project (Phase 2) (~INR 3445 crores)
119.978 Billion Yen
Delhi Mass Rapid Transport System Project (Phase 4) (I) (~INR 8000 crores)
11.302 Billion Yen
Himachal Pradesh Crop Diversification Promotion Project (Phase 2) (~INR 748 Crores)
45.816 Billion Yen
Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Phase 2) (~INR 3036 Crores)
4.016 Billion Yen
Project for Improvement of Power Supply in Andaman and Nicobar Islands (~INR 266 Crores)
Highlights
JICA extends INR 3, 717 Crore Loan for Bangalore Metro Phase-II
JICA has extended 52.036 Billion Yen (~INR 3, 446 Crore) for development of Phase 2 of Bangalore Metro Rail
Corporation Limited (BMRCL) in Bengaluru.
• The Phase 2 will be 80 Kms long and will involve construction of 3 metro lines (Line 2A, Line 2B & Line R6).
• It is expected to strengthen the industrial competitiveness of the city by easing traffic congestion & reducing
traffic hazard.
Andaman & Nicobar Infrastructure Project
The grant of 4.01 Billion Yen (~INR 265 Crores) is Japan’s 1st ever Official Development Assistance (ODA) to a
project in the Andaman & Nicobar Islands.
• The aid will be used to procure 15 MWh batteries as well as power system stabilizers for effective utilization of
electricity generated by solar PV in South Andaman, including Port Blair.
• It will contribute to enhancement of industrial competitiveness in South Andaman, achieve sustainable
economic growth and mitigate climate change impacts in South Andaman.
• The projects will contribute to India’s target of achieving 100% renewable energy in the Andaman and
Nicobar Islands & also Japan’s ‘Green Growth Strategy’.
Funds for Delhi Metro
• JICA has extended 119.978 Billion Yen (~INR 8000 crores) for the Phase-4 of Delhi Metro Project.
• Under the project, three metro lines (Ext. of Line 7 & Line 8 & construction of Line 6) of Delhi Metro, totaling
to 65 Km will be undertaken.
India attracted total FDI inflow of US$ 67.54 billion during April to December 2020
Due to the reforms made by Government of India (GoI) in the last six and a half years to facilitate Foreign Direct
Investment (FDI) and in ease of doing business, India saw an increase in FDI inflows in 2020 despite of COVID-19
impact. India is becoming a preferred investment destination amongst global investors.
Following the key numbers related to FDI in India as per Ministry of Commerce & Industry:
i.There was a total FDI inflow of US$ 67.54 billion during April to December 2020. It is the highest ever for the first
ninth months of a financial year and 22% higher as compared to the first ninth months of FY20 (US$ 55.14 billion).
ii.FDI equity inflow grew by 40% in the first 9 months of FY21 (US$ 51.47 billion) compared to US$ 36.77 billion in
FY20.
iii.FDI inflow increased by 37% in Q3FY21 to US$ 26.16 billion as compared to US$ 19.09 billion of Q3FY21.
iv.FDI inflow showed positive growth of 24% to US$ 9.22 billion in December, 2020 as compared to US$ 7.46 billion
of December, 2019.
Wipro Joined World Economic Forum’s Initiative To Advance Social Justice In Business Initiative
Wipro Limited, has joined the “Partnering for Racial Justice in Business initiative” launched by the World
Economic Forum on 25th January 2021, to promote a culture of diversity, inclusion, equity and justice for people of all
racial backgrounds in the workplace.
The initiative is a global coalition of organisations and their leaders, committed to build an equitable and just
workspace for professionals with ethnic and racial identity.
Aim:
To confront racism at systemic level and address everything from structural and social mechanics of their
organisation to their role in their communities.
India became the World’s 4th largest Forex Reserve by surpassing Russia
As per the Reserve Bank of India’s (RBI) data, India’s Foreign exchange (Forex) reserves to become the
world’s fourth-largest by surpassing Russia. India’s foreign currency holdings fell by $4.3 billion to $580.3 billion
and Russia’s forex holdings were $580.1 billion. As of March 2021, International Monetary
Fund(IMF)table, China has the largest reserves, followed by Japan, Switzerland, India, and Russia.
• Foreign exchange reserves are assets held on reserve by a central bank(RBI) in foreign currencies, which can
include foreign currencies, bonds, treasury bills, and other government securities.
• Most of the foreign exchange reserves are held in U.S. dollars, as it is the most traded currency in the world.
Gautam Adani Becomes World’s Biggest Wealth Gainer in 2021; Beats Jeff Bezos & Elon Musk
On March 16,2021 , Adani Group chairman Gautam Adani become the World’s Biggest Wealth Gainer in 2021,
ahead of Jeff Bezos, founder of Amazon, and Tesla CEO, Elon Musk as per the recent Bloomberg Billionaires
Index.Gautam Adani gained USD 16.2 billion & was followed by Google Co-founder Larry Page, who gained 14.3
billion USD.
• As per Bloomberg Billionaires Index, now he became the 26th richest person in the world.
• Adani, a first-generation entrepreneur added a total of USD 16.2 billion to his net worth which has now
jumped to USD 50 billion.
• Adani has been rapidly expanding his conglomerate, adding ports, airports, data centers and coal mines in
India, and also proceeding with his Carmichael coal project in Australia.
• The shares of some of Adani’s group including Adani Total Gas have almost doubled while Adani Enterprises
increased 90%, Adani Transmission Ltd gained 79%. Adani Power and Adani Ports and Special Economic
Zones Ltd gained more than 50%.
Indian e-commerce market to be worth USD 99 Billion by 2024: EY-IVCA 2021 report
According to a report ‘India Trend Book 2021’ released by EY-IVCA (Ernst Young-Indian Private Equity & Venture
Capital Association), India’s e-commerce market is expected to be worth USD 99 Billion by 2024. It is also anticipated
to grow at a 27% CAGR (Compound Annual Growth Rate) over the period 2019-24.
• Grocery & Fashion/apparel will be the key drivers of this growth.
• India will have 220 million online shoppers in India by 2025.
• The Penetration of the online retail market is expected to be 10.7% by 2024, compared to 4.7% in 2019.
• The report also states that by 2023, 1.2 % or USD 10.5 Billion of India’s grocery sales will be online.
• Indian Government aims to build a USD 1 Trillion Digital economy by 2025 through Digital India Programme.
Reasons for Boom
• Increase in online users across various segments coming from Tier 2 and 3 cities.
• Rise of technology adoption among small and medium businesses
• Initiatives by Government to digitize the traditional offline market & boost the e-commerce sector through
Start-up India, Digital India, Skill India, Innovation Fund and BharatNet.
Fact
• India was ranked No.2 in the Global Retail Development Index (GRDI) in 2019.
• Indian e-commerce sector is ranked 9th in cross-border growth in the world, according to Payoneer report.
• Retail is India’s largest industry, it accounts for 10% of India’s GDP and 8% of total employment.
• FDI – 100% under the automatic route for single-brand retail trading.Development in B2C e-commerce is
needed as Digital P2C companies have also invested in creating brands that attract thousands of young people,
including more online shoppers, who are more brand-conscious.
Other Projections in the Report
Online Retail
• The online retail market in India is estimated to be 25% of the total organized retail market and is expected to
reach 37% by 2027-30.
EdTech sector
• India’s EdTech sector is estimated to grow from USD 2.8 Billion in 2020 to USD 10.4 Billion and 37 Million +
Paid EdTech users by 2025.
FinTech
• The growth of FinTech during 2020-25 is projected at 22.7% CAGR
Online Gaming
• India is among the top five mobile gaming markets in the World.
• The number of online gamers is likely to reach 628 Million by 2021.
Fitch Ratings raised India’s FY22 GDP growth estimate to 12.8% from 11%
Fitch Ratings, an American credit rating agency in its latest Global Economic Outlook(GEO)-March 2021 has revised
India’s Gross Domestic Product(GDP) growth estimate to 12.8% for FY22 from 11% due to the stronger carryover
effect, and better virus containment.
India’s growth forecast by Fitch:
• GDP of the fourth quarter in FY21 has surpassed its pre-pandemic level and the country is recovering faster
from the COVID-19 induced recession in the second quarter of 2020.
• In manufacturing sector, the Purchasing Managers Index (PMI) remained elevated and led to more gains in
February 2021.
• It predicts that RBI will not cut its policy rate and forecasts a Short-term growth outlook with a more limited
decline in inflation.
Global GDP Prediction:
• It expects global GDP to expand by 6.1%in 2021, which is revised up from 5.3% in their GEO, December 2020.
• They also revise the world GDP declined by 3.4% in 2020 from their previous forecast of a 3.7% decline.
Other countries’ growth:
• US GDP growth- 6.2% in 2021 (revised up from 4.5%),
• China GDP growth – 8.4% (revised up from 8.0%)
Key Points:
i.The biggest revisions are for Turkey and India.
ii.In the manufacturing sector, the Purchasing Managers Index (PMI) remained elevated and led to more gains in
February 2021.It predicts that RBI will not cut its policy rate and forecasts a Short-term growth outlook with a more
limited decline in inflation.
Recent Related News:
On February 10, 2021, India Ratings and Research (Ind-Ra) Ltd estimated that India’s real Gross Domestic
Product(GDP) will bounce back to 10.4% in FY22, primarily based on the base effect. The GDP growth of Q1 to Q3 of
FY 21 was negative, the agency expects that the growth will be positive in Q4 at 0.3%. Earlier, Ind-Ra had projected
the GDP for FY 21 as -7.8%.
About Fitch Ratings:
President– Ian Linnell
Headquarter– New York, United States
Liberty Steels Group signs MoUs with 2 European Companies to build France’s 1st Hydrogen-based steel
making plant
United Kingdom based Liberty Steel Group which is owned by Indian-origin metals tycoon Sanjeev Gupta has signed
MoUs with 2 European companies namely Luxembourg based ‘Paul Wurth’ & Germany based ‘SHS’ (Stahl-Holding-
Saar) to set up France’s 1st Hydrogen-based steel making plant. Liberty Steel Group is part of the diversified GFG
Alliance, which has a presence in India.
NSE Signed a MoU to Set Up Market Infrastructure Institutions with IBX at GIFT City, Gujarat
On 1st March 2021, The National Stock Exchange of India Limited (NSE India) signed a Memorandum of
Understanding(MoU) to set up a market infrastructure institution which consists of International Bullion
Exchange(IBX), clearing corporation and depository, at the Gujarat International Finance Tec (GIFT) City in Gujarat.
The other signatories were
i.Multi Commodity Exchange of India Ltd,
ii.India INX International Exchange Ltd,
iii.National Securities Depository Ltd
iv.Central Depository Services (India) Ltd
Objective:
The MoU is in Line with the objective of the government “To make India a price setter in the bullion through GIFT
International Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres
Authority (Bullion Exchange) Regulations, 2020 and other applicable laws”.
International Bullion Exchange:
IBX is a precious metals dealer, which has a reputation as a trusted and dedicated resource for people who want to
diversify their holdings with precious metals and diamond investments.
Recent Related News:
On September 22, 2020 Singapore Exchange Ltd (in short- SGX) and National Stock Exchange of India Ltd. (inshort-
NSE) signed a formal agreement in order to confirm the key terms to operationalise the NSE International Financial
AMNS Signed a MoU with Odisha to Set Up Integrated Steel Plant; AMNS to Invest Rs.50000 crore
On 4th March 2021, the ArcelorMittal Nippon Steel(AMNS) signed a Memorandum of Understanding (MoU) with the
Government of Odisha to set up an integrated steel plant with the capacity of 12 Million tonne per annum (mtpa) in
Kendrapara district of Odisha with an investment of Rs.50000 crore.
• The MoU was signed in the presence of Naveen Patnaik, Chief Minister(CM) of Odisha and Lakshmi N. Mittal,
Executive Chairman of AMNS at Lokaseva Bhavan (Odisha Secretariat).
• CM Naveen Patnaik stated that the investment will be made in the Kendrapara district which will boost
the InvestInOdisha campaign of the Government of Odisha.
About the project:
i.The exact location of the project is yet to be finalised.
ii.Around 4000 acres of land which includes government, private and other categories of land will be acquired for the
project.
AMNS investments in Odisha:
i.The completion of this project will increase the pellet making capacity to 12 mtpa (million tonne per annum) from
6mtpa at Paradip with an investment of Rs.2000 crore in the next 2 months.
ii.This will also increase the beneficiation facility at Dabuna in Keonjhar to 16mtpa from 5 mtpa.
Key Points:
AMNS has 2 iron ore mines
• Thakurani block with a reserve of 179.26 MT
• Ghoraburhani-Sagasahi iron ore block with a reserve of 78.24 MT
These mines were originally bagged by Essar Steel which was acquired by AMNS following a bankruptcy proceeding.
About ArcelorMittal Nippon Steel(AMNS):
ArcelorMittal Nippon Steel(AMNS), is a joint venture of ArcelorMittal with Nippon Steel(Japan).
CEO- Aditya Mittal
Headquarters- Luxembourg
BSEIL inks Joint Venture with Frontier Agriculture Platforms Private Limited
On March 5, 2021, a Joint Venture (JV) agreement was inked between BSE Investments Limited (BSEIL) and Frontier
Agriculture Platforms Private Limited (FAPL) under which the latter bought 40% stake in BSE E-Agricultural
Markets Limited (BEAM).
• The reason behind this JV is to boost innovation in agriculture markets.
• It is also on the lines of BSE Group’s commitment to broaden access to agricultural markets for investors and
companies to create a ‘single market’ for agriculture commodities.
Objective:
To explore scope and opportunities available in the agricultural commodities trading market.
Key Points:
i.FAPL will support BEAM by connecting it with stakeholders and by providing domain knowledge.
ii.On the other hand, BEAM’s technology platform connects farmers with the businesses and individuals involved in
agri-business.
iii.BSE is committed to broaden access to agricultural markets for investors and companies on the lines of the Central
Government’s vision of a “single market” for agriculture commodities.
Info about BSE:
i.It is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds.
ii.It’s Investor Protection Fund (IPF) raises Capital markets related awareness among Indian investors.
iii.In 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar
Seeds, Turmeric & Almond.
iv.It also launched India INX, India’s 1st international exchange, located at GIFT (Gujarat International Finance Tec-
City) CITY IFSC (International Financial Services Centre) in Ahmedabad, Gujarat.
Recent Related News:
i.BSE has set up an ‘Innovation Sandbox’ web portal, a workflow based platform. It is a testing environment that
enables FinTech firms and individuals to do offline testing of their applications.
ii.In October 2020, Securities and Exchange Board of India (SEBI) amended the Securities Contracts (Regulation)
(Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations).
About BSE:
Establishment– 1875
Subsidiaries– Indian Clearing Corporation Limited, BSE Institute Ltd, and BSEIL
Equity index– S&P BSE SENSEX
MD & CEO– Ashishkumar Chauhan
Headquarter– Mumbai, Maharashtra
MoA&FW signs MoU with Central Silk Board for Promotion of Agroforestry in Silk Sector
On March 7, 2021, a Memorandum of Understanding (MoU) was signed between the Ministry of Agriculture and
Farmers Welfare (MoA&FW) and Central Silk Board under the Ministry of Textiles during ‘National level programme
on convergence of Agro-Sericulture and eradication of Thigh reeling’ . As a part of MoU, there will be implementation
of Agroforestry in the silk sector under the ongoing Sub-Mission on Agroforestry (SMAF) Scheme.
• This will be on the lines of Make in India and Make for the World vision of Indian Government.
Uttarakhand SSA Signed MoU with IBM to Introduce IBM’s STEM for Girls Program
On 8th March 2021, Samagra Shiksha Abhiyan(SSA), unit of Uttarakhand, education mission of the government of
Uttarakhand signed an MoU with IBM India to introduce IBM ‘STEM for Girls’ program in around 130 secondary and
Higher Secondary schools across 5 districts (Dehradun, Pauri, Haridwar, Almora and Udham Singh Nagar) of the
state.
STEM is an acronym of Science, Technology, Engineering and Math.
Features of MoU:
i.The collaboration is a part of the 3 year program between IBM and government of Uttarakhand with American India
Foundation as implementation partner to increase the participation of women in STEM fields.
ii.Under this MoU, The IBM STEM for Girls Program will focus on enhancing the skills and careers of around 25600
students in STEM fields.
ii.The program features the comprehensive approach to build the technical capabilities and life and self actualization
skills.
STEM for Girls:
i.STEM for Girls program is a Corporate Social Responsibility initiative of IBM launched in India in 2019.
ii.Jasbir Kaur leads the STEM for Girls initiative for IBM.
iii.The STEM for Girls is also active in Canada, Taiwan and South Korea.
Aim:
To improve the education-to-work and career pathways for girl students of Government school.
About IBM:
Chairman & CEO– Arvind Krishna
Headquarters– New York, United States
NHA & UTI InfraTech Signs to Issue Free PVC Ayushman Bharat PM-JAY Cards to Beneficiaries
National Health Authority(NHA) and UTI Infrastructure Technology & Services Limited (UTIITSL) , company under
the Ministry of Finance signed an agreement to issue free new PVC Ayushman cards to Ayushman Bharat-Pradhan
Mantri Jan Arogya Yojana (AB-PMJAY) beneficiaries in 11 States/Union Territory to avail the health service.
• Based on the above agreement NHA will issue this free card using UTIITSL technologies to Bihar, Manipur,
Uttar Pradesh, Haryana, Tripura, Nagaland, Chandigarh, Puducherry, Chhattisgarh, Madhya Pradesh and
Uttarakhand where the PM-JAY scheme where currently force in these states. So far, beneficiaries used to pay
Rs. 30 as fees at UTIITSL.
• UTIITSL is the second agency after Common Service Centre (CSC SPV) which has been empanelled by the NHA
to provide free PVC Ayushman cards to the beneficiaries.
• Also Ayushman Cards is not an essential requirement to receive the PMJAY scheme services. It is used to avail
the cashless service faster and easier using technology for beneficiaries.
What is PVC Ayushman Card?
• PMJAY scheme offers cashless hospitalization services through Ayushman Bharat Yojana e-card or PVC
Ayushman card to get healthcare services at any of the listed hospitals across the country.
• Using this card, beneficiaries can avail the hospitalisation for required treatment.
About Pradhan Mantri Jan Arogya Yojana (PM-JAY)
Pradhan Mantri Jan Arogya Yojana (PM-JAY) is one of the two components of the Ayushman Bharat flagship scheme
of the Government of India. It is the largest health assurance scheme in the world.
Launched by – Prime Minister Shri Narendra Modi in Ranchi, Jharkhand.
Launched on – 23rd September 2018
Objective of the Scheme:-
• It provides a cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization across
public and private listed hospitals in India.
• PM-JAY provides cashless access to health care services for the beneficiary at the point of service, that is, the
hospital.
• It covers up to 3 days of pre-hospitalization and 15 days of post-hospitalization expenses such as diagnostics
and medicines.
REC, PFC signs with KHEL of Bhutan to Finance 600MW Hydropower Project
On March 10,2021 REC Ltd(formerly Rural Electrification Corporation Limited ) and Power Finance Corporation
(PFC) from New Delhi made an agreement with Bhutan-based Kholongchhu Hydro Energy Ltd for the financing of
600- megawatt(MW) hydroelectric project at Trashiyangtse, Bhutan.
Fund Distribution :-
The project is funded to be in a debt-equity ratio of 70:30.Based on the ratio,
• REC would extend term loan of Rs 2,029 crore
• PFC extend loan of Rs 2,029 crore,
• NPPF, Bhutan extend loan of Rs 200 crore and
• Bank of Bhutan extend loan of Rs 200 crore
Background of Project Execution:-
i.The project has been executed as per Inter Governmental (IG) Agreement between Government of India and the
Royal Government of Bhutan (RGoB) for the development of four joint venture hydroelectric projects including 600
MW Kholongchhu Hydro Electric Project in eastern Bhutan through the Public sector undertakings of both the
governments was signed on 22nd April 2014 .
• KHEL is the first Joint Venture being undertaken between the two governments for implementation of the
4×150 MW(600MW) Kholongchhu hydroelectric project.
ii.The agreement was signed by Mr. Pradeep Kumar Sinha, Secretary, Ministry of Power and Mr. Sonam Tshering,
Secretary, Ministry of economic affairs on behalf of the GoI and RGoB respectively at Thimphu,capital of Bhutan.
Info About Kholongchhu Hydro Energy Ltd(KHEL)
KHEL is a 50:50 joint venture between SJVN India and Druk Green Power Corporation (Bhutan) under the companies
Act of Kingdom of Bhutan, 2000 on 12th June 2015 for the development of 600 MW Kholongchhu Hydro Electric
Project in eastern Bhutan.
Chairman, KHEL – Dasho Yeshi Wangdi Former Secretary, MoEA, RGoB
NHSRCL signs MoU with Japan’s JRTC for Track Work of MAHSR, India’s 1st Bullet Train Project
National High-Speed Rail Corporation Limited (NHSRCL) & Japan
Railway Track Consultant Co. Limited (JRTC) virtually signed a
Memorandum of Understanding (MoU) for Track works in
the 237-km stretch between Vadodara & Vapi in Gujarat for the
Mumbai-Ahmedabad High-Speed Rail (MAHSR) also known as
Bullet Train Project.
• Under the agreement, JRTC will provide design & drawing
of major High-Speed Rail (HSR) track components like RC
Track bed, track slab arrangement & Continuous Welded
Rail (CWR) forces.
• It will strengthen the ‘Make in India’ initiative & ensure the transfer of technology from the Japanese high-
speed rail system to India.
• The virtual event was attended by Achal Khare, Managing Director of NHSRCL & Horiyama, President of JRTC
among others.
Mumbai-Ahmedabad High-Speed Rail (MAHSR)
• It is India’s First Bullet Train Project and is being constructed at an estimated cost of INR 1.08 Lakh Crore.
• Indian Prime Minister Narendra Modi & former Japan Prime Minister Shinzo Abe had laid the foundation stone
for the project in September 2017.
• NHSRCL is the implementing agency for the Mumbai-Ahmedabad High Speed Rail (MAHSR) project
• They are expected to run at 320 Kms per hour covering the 508 Km Stretch in about 2 hours.
Recent Related News:
i.November 22, 2020, L&T Construction, the construction arm of L&T secured the contract to build 87.569 Kms of
India’s first high-speed rail corridor or Bullet Train Project – ‘Mumbai-Ahmedabad High-Speed Rail (MAHSR)’ from
the National High-Speed Rail Corporation (NHSRCL).
About National High-Speed Rail Corporation Limited (NHSRCL):
It was incorporated in 2016 under the Companies Act, 2013
It functions under the Ministry of Railways
MD – Achal Khare
Head Office– New Delhi
NMCG, UPJN & GA Infra Private Limited sign Tripartite Agreement for Development of STPs in Moradabad, UP
National Mission for Clean Ganga (NMCG), Uttar Pradesh Jal Nigam (UPJN) & GA Infra Private Limited-Lahoti Buildcon
Limited have signed an Tripartite Agreement for development of Sewage Treatment Plants (STPs) at Moradabad,
Uttar Pradesh.
• Aim – To eliminate flow of untreated sewage from Moradabad city into River Ganga.
• Total Cost of the project – INR 99.68 Crore rupees.
• Lending for these projects will be provided by SBI Capital.
Other Approvals
NMCG also approved other projects for addressing Sewage Problems in Moradabad.
• NMCG approved the construction of 25 Million Litre per Day (MLD) Sewage Treatment Plant in Moradabad.
• It also approved other works such as development of Interception & Diversion (I&D) structures, I&D network
laying, Sewage Pumping Stations including Operation and Maintenance for 15 years.
• These projects are also being lended by SBI Capital.
River Ramganga
• NMCG also approved the project for ‘Pollution Abatement Works for River Ram ganga at Bareilly’ for
construction of STP of 65 MLD which are now under tender evaluation stage.
• River Ramganga is a critical polluting tributary of river Ganga.
• Moradabad & Bareilly being the two major towns located along the river Ramganga.
PTC India Signed a Pact with NPC to Explore Business Opportunities in Consultancy Services
On 16th March 2021, PTC India Limited (Formerly known as Power Trading Corporation of India Limited), a leading
provider of power trading solutions in India has signed an initial pact with the National Productivity Council(NPC),
under Department for Promotion of Industry & Internal Trade, Ministry of Commerce and Industry to explore the
business opportunities in consultancy services.
Features of the initial pact:
Under this pact, both NPC and PTC have agreed to jointly explore and develop business opportunities for
consultancy/project management services in the areas of energy efficiency, renewable energy, productivity
enhancements, quality assurances, optimization of technology, and others within India and overseas.
Power trade of PTC:
i.The government of India has assigned PTC to trade electricity with Bhutan, Nepal and Bangladesh.
ii.The trading activities of PTC includes
• Long-term trading of power generated from large power projects including renewables.
• Short term trading that arises due to the mismatches in supply and demand.
About NPC:
Chairman– Dr. Guruprasad Mohapatra
Director-General– Arun Kumar Jha
Established in 1958
About PTC India Limited:
Chairman & Managing Director– Deepak Amitabh
Headquarters– New Delhi
Established in April 1999
TRIFED Signed MoU with Craft Village for the Development of Tribal Communities
On 16th March 2021, the Tribal Cooperative Marketing Development Federation of India (TRIFED) under the
Ministry of Tribal Affairs, has signed a Memorandum of Understanding (MoU) with the Craft Village by ZEPHYR, a
social organisation working for the training and promotion of Craft Sector for the overall development of the tribal
communities.
• The MoU was exchanged between Iti Tyagi, Founder, Craft Village and Anupam Trivedi, Executive Director,
TRIFED in the presence of Pravir Krishna, Managing Director, TRIFED and senior officials of both
organisations.
Aim:
to develop a customized community-based creative manufacturing system that helps take these products to a global
audience.
Features of the MoU:
i.Both TRIFED and Craft Village will work towards developing functional and globally appealing ideas.
ii.The design will be developed at the Craft Village campus or at the tribal clusters or artisans or artisan groups who
will enrol in the same.
AIM signs SoI with AWS to Strengthen The Innovation and Entrepreneurship Ecosystem With Cloud
Computing
On March 18, 2021, A Statement of Intent (SoI) was signed between The Atal Innovation Mission (AIM), NITI Aayog,
and Amazon Internet Services Private Limited(AISPL), a local legal Indian entity of Amazon Web Services(AWS) to
strengthen the innovation and entrepreneurship ecosystem in India.
Objective: To empower school students with cloud computing skills, and enabling entrepreneurs to build
innovative education technology (EdTech) solutions on the cloud.
Statement of Intent (SoI):
• As per the SoI AIM will leverage AWS Educate and AWS EdStart from AWS (Amazon Web Services)
AWS Educate:
• It is Amazon’s global program that will provide resources for students and educators.
• It will introduce the cloud-related fundamentals to students at more than 7000 Atal Tinkering Labs (ATLs) in
India
• They will also conduct Faculty Development Programs (FDPs) for the personnel in-charge at the ATLs, and
provide resources and tools at each ATLs.
AWS EdStart:
• It is a virtual startup accelerator program that enables EdTech startups to develop innovative teaching and
learning solutions.
• More than 80 Atal Incubation Centers (AICs) and Atal Community Innovation Centers (ACICs), will be able to
apply for the AWS EdStart program to get benefits such as AWS Promotional Credits, mentorship, and
technical training, to help speed their growth.
Recent Related News:
On 3rd February 2021, the Automotive Research Association of India (ARAI) signed a statement of intent (SOI) with
Atal Innovation Mission (AIM) the flagship initiative of Niti Aayog to boost the start-up ecosystem in the mobility
sector.
About Amazon Web Services(AWS):
CEO– Andy Jassy
Headquarters– Seattle, Washington, USA
About Atal Innovation Mission(AIM):
Director– Ramanan Ramanathan
Headquarters – New Delhi
MoD signs contract with MDSL for supply of 1, 300 Armored Light Specialist Vehicles to Indian Army
Ministry of Defence (MoD) has signed a contract worth INR 1, 056 Crore with Mahindra Defence Systems Ltd (MDSL)
for supply of 1, 300 Armored Light Specialist Vehicles (ALSV) to Indian Army. The Light Specialist Vehicle will be
indigenously designed and developed by MDSL.
• The induction of 1, 300 ALSV is expected to be completed in 4 years.
• It is the 1st major contract for an ALSV that was designed and developed completely by the private sector in
India with Intellectual Property Rights within India.
• The contract is a flagship project to showcase the indigenous manufacturing capabilities of the Indian Defence
Industry. It will be along the lines of ‘Atmanirbhar Bharat Abhiyan’ & ‘Make in India’ initiative of India.
Armored Light Specialist Vehicle (ALSV)
• It is capable of performing both Counter-Terrorist operations & Conventional operations.
• It will be authorised to various fighting units for carriage of Medium Machine Guns, Automatic Grenade
Launchers & Anti-tank Guided Missiles.
• They are equipped with protection against small arms fire.
Recent Related News:
i.February 24, 2021, Bharat Forge announced that it has received a ₹117.95-crore order from the Defence Ministry to
supply its Kalyani M4 Kalyani M4 armored vehicles to the Army under the emergency procurement route.
About Mahindra Group:
Mahindra Defence Systems Ltd (MDSL) is the defence business venture of Mahindra Group
Chairman – Anand Mahindra
Headquarters – Mumbai, Maharashtra
Arunachal Pradesh signs MoU with TRIFED to Implement MSP for MFP Scheme and Van Dhan Yojana
On 19th March 2021, the Tribal Cooperative Marketing Development Federation of India (TRIFED) signed a
Memorandum of Understanding (MoU) with the state of Arunachal Pradesh for implementing its flagship program,
“Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) & development of
value chain for MFP” scheme and Van Dhan Yojana.
State Implementing Agency- Arunachal Pradesh State Rural Livelihood Mission (ArSRLM)
Nodal Agency- Rural Development Department, Arunachal Pradesh
Objective- To improve the livelihood of Tribal artisans & Forest dwellers.Under the MoU, 100 Van Dhan Vikas
Kendras will be set up in Arunachal in 2021.
About MSP for MFP scheme:
Aim- To provide remunerative price to the forest dwellers as MSP thereby cutting exploitation done by middlemen.
i.In the 2020 pandemic, the scheme was responsible for injecting Rs. 3000 crore in the tribal economy.
ii.At present, 23 Minor Forest Produces (MFP’s) are covered under the Scheme.
About Van Dhan Vikas Yojana:
Objective- To establish Van Dhan Vikas Kendras for Value addition, Branding & Marketing of MFPs.
• Currently, 1770 Van Dhan Kendras (VDKs) in 21 States and 1 UT have been sanctioned by TRIFED. Including
586 VDKs in North-eastern India.
Recent Related News:
i.TRIFED signs MoU with DAY-NRLM to boost livelihoods of SHG Women & Tribal Populations.
ii.TRIFED, IIT Kanpur and Chhattisgarh MFP Federation E-Launch “Tech for Tribals” Initiative.
About Arunachal Pradesh:
• The state shares Geographical boundaries with China, Myanmar, Bhutan along with Indian states of Assam &
Nagaland.
• State bird of Arunachal Pradesh, ‘Great Hornbill’ is under the IUCN Red List of Threatened Species.
About Tribal Cooperative Marketing Development Federation of India (TRIFED):
TRIFED comes under the Administrative control of the Ministry of Tribal Affairs.
TBWES signed an agreement with Steinmüller Babcock Environment, Germany for Waste to Energy
Technology
Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES), a wholly owned subsidiary of Thermax
signed a know-how transfer and license agreement with Steinmüller Babcock Environment GmbH (SBE) Industrial
Equipment supplier based in Germany, for waste to energy technology.
Pravin Karve, CEO of TBWES and Thomas Feilenreiter, Managing Director of SBE signed the agreement for the
respective organisation.
Features of the agreement:
i.Under this agreement TBWES will design, engineer, manufacture and sell Municipal Solid Waste(MSW) fired waste
to energy solutions using the grate and boiler technology of SBE.
ii.This collaboration with SBE will support Thermax with advanced and reliable technology.
Benefit:
This will boost the involvement of Thermax in waste to energy application and support in solving the challenges of
urbanisation and deteriorating environment.
About Steinmüller Babcock Environment GmbH(SBE):
Steinmüller Babcock is a part of the Japanese company Nippon Steel Engineering Co. Ltd.
Managing Director– Thomas Feilenreiter
Headquarters– Gummersbach, Germany
MoU signed for implementation of City-Specific Action Plans in 132 cities under NCAP
On March 26, 2021, Representatives of State Pollution Control Boards, Urban Local Bodies & Institutes of Repute
(IoR) for 132 identified cities signed a Memorandum of Understanding (MoU) for implementation of city specific
action plans under National Clean Air Programme (NCAP). The MoU was signed in the presence of Prakash
Javadekar, Union Minister of Environment, Forest & Climate Change.
• 82 Knowledge Partners & Institutes of Repute (IITs, CSIR labs & State Engineering Colleges) have been roped
in to help the 132 Non-Attainment cities implement their action plans for reducing air pollution.
• A National Knowledge Network consisting of leading air quality specialists has been constituted as a
technical advisory group for supporting activities under NCAP. It will also guide local Institutes of Repute
(IoRs) in conducting air quality research.
• NCAP, a national level strategy aims to tackle air pollution by achieving 20%-30% reduction in Particulate
Matter concentrations(i.e. PM2.5 and PM10) in at least 102 cities by 2024 (with 2017 as base year).
• During the event, an agreement was signed between Noida & Ghaziabad, Uttar Pradesh with IIT Delhi. IIT Delhi
will act as a knowledge partner to help the cities achieve their target.
132 Non-Attainment Cities
• Non- Attainment Cities are the cities which do not meet the National Ambient Air Quality Standards.
• Such cities include Delhi, Mumbai, Nagpur, Ahmedabad, Kolkata, Agra, Kanpur, Varanasi, Bengaluru, Noida,
Ghaziabad, Bhopal, Chandigarh, Patna and others in the list of 132.
• NCAP aims to reduce air pollution in these cities through expansion of air quality network, source
apportionment studies, public awareness, grievance redressal mechanism & sector specific action points.
National Clean Air Programme (NCAP):
• It was launched in 2019 by MoEFCC.
• It is the 1st ever effort in India to frame a national framework for air quality management with a time-bound
reduction target.
• So far, INR 336 crore has been disbursed to State Pollution Control Boards under NCAP.
e-Buses under FAME Scheme
During the event, Prakash Javadekar urged the state governments to procure e-buses for public transport purposes
under the FAME India scheme (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India).
CESL Signed A Pact With CSC SPV To Demand Aggregation For E-mobility & Other Initiatives of CESL
On 26th March 2021, Convergence Energy Services Ltd (CESL) signed a pact with CSC e-Governance Services India
Limited, a Special Purpose Vehicle (CSC SPV) to create a demand aggregation for the electric mobility(e-mobility),
solar, energy efficiency solutions and other initiatives of CESL.
Mahua Acharya Managing Director & CEO of CESL and Dinesh Kumar TyagiManaging Director of CSC SPV signed the
agreement in the presence of Saurabh Kumar EESL Group Executive Vice Chairperson and other dignitaries of EESL,
CESL and CSC.
Note:
CESL is a new company which leads in delivering clean, affordable, and reliable energy supply.
Features of the agreement:
i.Under this agreement CESL and CSC will aggregate the demand and carry out the feasibility studies for the project in
renewables (decentralised solar), energy efficiency (solar micro-grids, solar-based agricultural pump-sets), e-
mobility (EV charging stations, battery charging stations and battery swapping stations), and battery energy storage
systems.
ii.Through this agreement CESL will expand its outreach in India.
iii.Coordinating with its new and innovative business models, CESL aims to maximise the endeavours of India
towards climate action and increase the impacts of the initiatives towards a green India.
Common Services Centre (CSC):
CSCs are the vital part of the Digital India programme, which are convinced as assisted front end ICT(information and
communication technology)-enabled centres that deliver various G2C (government-to-citizen) and other B2C
(business-to-citizen) services to citizens.
Recent Related News:
On February 19, 2021 The National Health Authority (NHA) has signed Memorandum of Understanding(MoU) with
Common Service Centres (CSCs) under the Ministry of Electronics and Information Technology(MeitY) to generate
new Polyvinyl Chloride(PVC)beneficiary cards called ‘Ayushman cards’ under the Ayushman Bharat Pradhan Mantri
Jan Arogya Yojana (AB-PMJAY).
About Convergence Energy Services Ltd (CESL):
CESL is a wholly owned subsidiary of Energy Efficient Services Limited (EESL)
Managing Director & CEO– Mahua Acharya
About CSC Special Purpose Vehicle(CSC SPV):
CSC e-Governance Services India Limited, a Special Purpose Vehicle.
It was set up by the Ministry of Electronics & IT under the Companies Act, 1956.
Purpose – to oversee the implementation of the CSC scheme.
Managing Director- Dinesh Kumar Tyagi
JKTPO Signed MoU with TPCI for Agro & food Processing Sector and Film Tourism Sector
On 20th March 2021, the Jammu and Kashmir Trade Promotion Organization (JKTPO) signed a Memorandum of
Understanding (MoU) with Trade Promotion Corporation of India (TPCI) for the Agro & Food Processing Sector and
Film Tourism Sector.
• The MoU was signed by Ankita Kar, Managing Director(MD) of JKTPO and Mohit Singla, Chairman of TPCI.
• The MoU was signed during the inauguration of J&K Pavilion at South Asia’s largest Integrated FB Trade Show
– “Indus-food 2021” held at Indian Exposition Mart, New Delhi.
Features of MoU:
Under this MoU both JKTPO and TPCI will work together to enhance the reach of the International Community in
India.
Key Points:
i.JKTPO is in talks with the delegates of 6 countries(Russia, Uzbekistan, Bangladesh, Nepal, Turkey and Belarus) for
exploring various avenues to attract global investments.
ii.The Jammu and Kashmir delegation was led by Ankita Kar MD of JKTPODepartment of Industries & Commerce,
Government of J&K.
Recent Related News:
On 13th January, 2021, Union Territory of Jammu & Kashmir signed a Memorandum of Understanding (MoU) with
the North East Cane and Bamboo Development Council (NECBDC) to promote Bamboo Cultivation and related
entrepreneurship in the region.
About Jammu and Kashmir Trade Promotion Organization (JKTPO):
JKTPO is registered under Section 8 of the Companies Act, 2013.
It is a joint venture of the Government of J&K, Indian Trade Promotion Organization (ITPO), Export Promotion
Council for Handicrafts (EPCH) and Carpet Export Promotion Council (CEPC).
Managing Director– Ankita Kar
Headquarters– Jammu, Jammu & Kashmir
Bureau of Civil Aviation Security & Yamuna International Airport sign LoA for civil aviation security at Jewar
Airport
On 24th March, 2021, A Letter of Agreement (LoA) was signed between the Bureau of Civil Aviation Security (BCAS)
& Yamuna International Airport Private Limited (YIAPL) in New Delhi. Under this LoA Bureau of Civil Aviation
Security will take up security responsibilities of Jewar Airport, Uttar Pradesh.
• LoA will help to implement the tasks relating to civil aviation security, defined, and allocated for
implementation of various aspects of the National Civil Aviation Security Programme (NCASP) at Noida
International Airport.
Signatories: Ankit Garg, Deputy Director General, BCAS, and Christoph Schnellmann, CEO, YIAPL.
About Jewar Airport:
i.The contract for construction of the Jewar Airport, officially Noida International Greenfield Airport, has been
awarded to YIAPL, which is a joint venture of the Airport Authority of India (AAI), the Government of Uttar Pradesh,
and Zurich international airport.
About Bureau of Civil Aviation Security:
Established as an independent department under the Ministry of Civil Aviation on 1st April, 1987.
Director General – M. A. Ganapathy
India Chaired the First Meeting Of BRICS CGETI From 9th – 11th March 2021
Under the chairship of India, the First Meeting of BRICS (Brazil,
Russia, India, China, and South Africa) Contact Group on
Economic and Trade Issues (CGETI) was held from 9th March
2021 to 11th March 2021. This is 26th Meeting of BRICS
CGETI.
The 2021 theme of the BRICS is “BRICS@15: Intra BRICS
Cooperation for Continuity, Consolidation, and Consensus”.
The first meeting of BRICS-CGETI:
i.India presented the calendar of events for BRICS CGETI 2021,
this includes the priority areas for deliverables, schedule and scope of the MSME roundtable conference workshop on
Services Statistics, and the BRICS Trade Fair.
ii.A series of presentations on the proposed deliverables during India’s chairship under the BRICS CGETI track was
made in a separate session by the concerned departments of the government of India.
Government reconstitutes Advisory Committee for Studying Sarasvati River under the Chair of Prahlad Singh
Patel
The Archaeological Survey of India (ASI) released a notification stating that it has reconstituted an Advisory
Committee for Multidisciplinary Study of the River Sarasvati (also known as Ghaggar-Hakra River).It will be headed
by Union Minister for Culture (Currently- Prahlad Singh Patel).
• It has been reconstituted for the next two years (2021-23), after the earlier term’s panel ended in 2019 (it was
constituted in 2017).
• The committee will review the work done by the previous panel and then formulate a plan.
Members of the Committee
Official Members
• Officials from the Ministry of Culture, Tourism, Water Resources, Environment & Forest, Housing and Urban
Affairs.
• It would also consist of representatives from Indian Space Research Organisation (ISRO), officials from
governments of Gujarat, Haryana & Rajasthan.
Non-Official Members
• Archaeologists – B R Mani, Vasant Shinde, K.N.Dixit & K.K. Muhammed & Historian Balmukund Pandey.
• Other members are Madan Gopa Vyas, Ratnesh Tripathi, Prabhu Sundarji Bhai Thakkar, S. Kalyan Raman,
Prashant Bhardwaj, Amit Rai Jain, V M K Puri & Mukesh Garg.
Sarasvati River Committee
Objective
• To define the Sarasvati river & its basin.
• Identify geotechnical nature for study of Sarasvati basin & suggest names of competent agencies/individuals.
• To identify archaeological sites & assess their potential for development as centres of Education & Tourism.
6th India-Brazil-South Africa (IBSA) Women’s Forum Meeting Held; Chaired by Smriti Zubin Irani
The 6th India-Brazil-South Africa(IBSA) Women’s Forum meeting was virtually held on 16th March 2021. The
meeting was chaired by Smriti Zubin Irani, Union Minister, Ministry of Women and Child Development, Government
of India.
Key People:
Damares Alves, Minister for Women, Family and Human Rights of the Federative, Republic of Brazil and Maite
Nkoana- Mashabane Minister for Women, Youth and People with Disabilities of the Republic of South Africa
participated in the 6th IBSA Women Forum meeting over a virtual platform.
Highlights of the meeting:
i.India, Brazil and South Africa shared their best practices & reiterated commitment towards enhancing mutual
cooperation in bridging gender gaps.
ii.The forum discussed the vital issues that contribute to the transformation of women’s lives by highlighting
initiatives, policies and best practices for a gender-inclusive economy for transformation and elimination of
discrimination based on gender.
iii.The IBSA’s vision to ensure improving the status and condition of women by addressing the structural and
institutional barriers and to strengthen gender mainstreaming was resolved during the meeting.
iv.A joint declaration highlighting the shared IBSA goals and commitments towards achieving gender equality in all
the spheres of life.
Additional info:
All three countries are developing pluralistic, multicultural, multi-ethnic, multilingual and multi-religious nations.
About IBSA Women’s Forum:
The IBSA Women’s Forum was established in 2007.
Aim:
• to enable the voices of women in IBSA to be heard
• to ensure more focussed attention on women’s issues and empowerment.
Recent Related News:
From January 27 to 28, 2021, the 4th edition of the Future Investment Initiative (FII) Forum 2021 was held virtually
from Riyadh, Capital of Saudi Arabia under the theme of “The Neo-Renaissance”. It was hosted by FII Institute. Union
Minister for Health and Family Welfare, Harsh Vardhan addressed the FII Forum 2021.
About IBSA Forum:
IBSA was established in 2003.
The IBSA fund was established in 2004 and became operational in 2006.
Govt Forms Experts Advisory Committee For Startup India Seed Fund Scheme (SISFS), Chaired by H K Mittal
The Government of India has constituted an expert advisory committee to execute and monitor the Startup India Seed
Fund Scheme(SISFS). The committee will be chaired by H K Mittal from the Department of Science and Technology.
• The total investment of the scheme, Rs.945 core will be divided over 4 years for providing seed fundings to
eligible startups through eligible incubators across India.
Members of the committee:
The representatives of the expert committee include members from the Department for Promotion of Industry and
Internal Trade (DPIIT), the department of biotechnology, science and technology, electronics and IT, Niti Aayog, and
expert members from the startup ecosystem.
Responsibilities of the committee:
i.The committee is responsible for the overall execution of the SISFS.
ii.The committee will evaluate and select incubators for the allotment of the fund under the scheme.
iii.It will also monitor the progress of the scheme and take the required measures to effectively utilise the funds to
achieve the objectives of SISFS.
iv.The EAC may frame the improved guidelines for the selection of incubators under the scheme from time to time
About Startup India Seed Fund Scheme (SISFS):
i.On 5th February 2021, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of
Commerce & Industry approved the Startup India Seed Fund Scheme (SISFS) for a period of 4 years starting from
2021-22.
ii.This will be implemented with effect from 1st April 2021.
iii.The SISFS is aimed to support around 3600 startups across India.
Aim:
To provide financial assistance to startups for proof of concept, prototype development, product trials, market entry
and commercialization.
Indus Waters Treaty: India, Pakistan hold 116th Meeting of Permanent Indus Commission
India & Pakistan held the 116th Meeting of Permanent Indus
Commission (PIC) under the Indus Waters Treaty (IWT) at New
Delhi from March 23-24, 2021.
• The Indian side was led by Pradeep Kumar Saxena, India’s
commissioner for IWT & advisors from Central Water
Commission, the Central Electricity Authority and the
National Hydroelectric Power Corporation.
• The Pakistan side was led by Syed Muhammad Meher Ali
Shah, Pakistan’s commissioner for IWT.
• The last meeting between the two sides under IWT took place in Lahore in August, 2018.
• The meeting coincided with the Pakistan Day (Pakistan Resolution Day or Republic Day) being celebrated on
March 23, 2021.
Pakistan’s Objections
During the meeting, Pakistan raised objections over the designs of 2 Hydroelectric projects in J&K – Pakal Dul Hydro
Electric Project & Lower Kalnai Project.
• Pakal Dul Hydro Electric Project (1, 000 MW) is proposed on the Marusudar river, a tributary of the Chenab
river, in Kishtwar district in J&K.
• Lower Kalnai project (48 MW) is proposed in Kishtwar & Doda districts over Chenab River.
• It also raised objections on the hydroelectric projects in Ladakh.
• Pakistan has also been raising objections to the construction of Hydroelectric plants such as Kishanganga (330
MW) on Kishanganga river & Ratle (850 MW) on Chenab River.
Indus Waters Treaty (IWT)
• A water-distribution treaty brokered by the World Bank between India & Pakistan. It was signed in Karachi,
Pakistan in 1960 by Indian Prime Minister Jawaharlal Nehru & Pakistani President Ayub Khan.
First-ever ‘The India Toy Fair 2021’ held virtually, Inaugurated by PM Narendra Modi
The first ever ‘The India Toy Fair 2021’ was held virtually on February 27, 2021 – March 2, 2021 on the underlying
themes of ‘Atmanirbhar (Self Reliant) Bharat’ and ‘Vocal for Local’ to boost the India toy manufacturing industry. It
was inaugurated by Prime Minister (PM) Narendra Modi where he urged the manufacturers to use less plastic and
more recyclable material.
• The fair was in the form of a digitally through the platform https://theindiatoyfair.in.It is an accessible
exhibition and platform for the public to browse and buy toys and also to participate in events, activities and
network with the various stakeholders of the toy Industry.
• It was divided into five stages viz. pre-school to Class II, primary, upper primary, secondary and senior
secondary.
• India’s toy market stands at around $1.5 billion, but it is dominated by imported toys.
• Hamleys, owned by Reliance Retail, is the title sponsor of the toy fair.
Participating Ministries: 9 (Ministries & Govt Departments)
• Ministry of Textiles
DV Sadananda Gowda Inaugurates 6th edition of International Conference on Pharmaceutical & Medical
Device Sector 2021
The four-day long 6th edition of International Conference on Pharmaceutical & Medical Device sector i.e. India
Pharma 2021 & India Medical Device 2021 was held on Feb 25-26, 2021 and March 1-2, 2021 respectively. It was
inaugurated by Union Minister Devaragunda Venkappa Sadananda Gowda, Ministry of Chemicals and Fertilizers
(MoC&F). The special focus of this edition was Global Investors Meet by Invest India.
India Pharma Corporate Social Responsibility (CSR) Programme of the Year Award Lupin Limited
WrigNanosystems Private
India Medical Devices Company of the Year Award Limited
Special Award in recognition of exceptional leadership & contribution in handling
the supply of essential medicine & medical products during the period of COVID- Dr. P.D. Vaghela, Former
19 pandemic in 2020 Secretary, DoP
It should be noted that the International Conference on Pharmaceutical & Medical Device sector is held annually.
Note -India has launched the world’s largest Covid19 vaccination program and is at the center of the global effort to
provide vaccines to other countries.
Recent Related News:
i.On January 22, 2021, the Central Government gave its consent for the first set of five pharma projects with the total
committed Investment of Rs 3,761.17 crore. It was approved under the PLI scheme for promoting domestic
manufacture of bulk drugs and APIs.
ii.Ahmedabad, Gujarat-based Intas Pharmaceuticals invested USD 75.22 million in a wholly-owned subsidiary in the
United Kingdom (UK).
About Ministry of Chemicals and Fertilisers (MoC&F):
Devaragunda Venkappa Sadananda Gowda Constituency– Bangalore North, Karnataka)
Mansukh Laxmanbhai Mandaviya Constituency– Gujarat (Rajya Sabha)
2nd edition of Global Bio-India 2021 held Virtually; Inaugurated by Dr Harsh Vardhan
A 3-day long 2nd edition of Global Bio-India 2021 was held virtually from New Delhi on March 1-3, 2021 which was
inaugurated by Union Minister Dr Harsh Vardhan, Ministry of Science & Technology. The theme of the event
was ‘Transforming lives’ with the tagline ‘Biosciences to Bio-economy’.
• Union Minister Nirmala Sitharaman, Ministry of Finance addressed the inaugural session as a special
guest.
Country Partners: Switzerland and The Netherlands
State Partners: Karnataka and Odisha.
Organizers:
Global Bio-India 2021is being co-organized by the Department of Biotechnology(DBT), Ministry of Science &
Technology, Government of India along with Biotechnology Industry Research Assistance Council (BIRAC) in
partnership with Confederation of Indian Industry (CII), Association of Biotechnology Led Enterprises (ABLE) and
Invest India.
Contribution to Indian Target:
• The Biotechnology sector is recognized as one of the key drivers for India to achieve its USD 5 trillion targets
by 2024.
• Indian Biotechnology industry’s economy is valued at $70 billion in 2020 is expected to grow to USD 150 Bn by
2025.
Highlights of the event:
i.” National Biotech Strategy” unveiled by Dr. Harsh Vardhan unveiled and also inaugurated the Virtual Exhibition
of Global Bio-India during the event. The virtual Exhibition will continue till March 30, 2021.
ii. Global Bio-India Startup Conclave, 2021 was organized and addressed by Union Minister Piyush Vedprakash
Goyal, Minister of Commerce & Industry. He called for extending support to the start-ups to implement their ideas at
the ground level without any fear of failure
• Startup India initiative was already launched by the Government January 2016 for nurturing innovation and
entrepreneurship.
• Project development cell of DBT was launched during the conclave, which will help significant targeted
support. 5 new technologies were also launched.
iii.Indian Bio-economy Report (IBER) by ABLE, and Biotech Investment Potential for Indian States Report were
released by IFC Dr. Harsh Vardhan released.
PM Modi inaugurates 2nd Edition of Maritime India Summit-2021; Chabahar Day observed during the
Summit
Prime Minister Narendra Modi virtually inaugurated the 2nd Edition of Maritime India Summit-2021 (MIS-2021)-
“Exploring the potential business opportunities in Indian Maritime sector and making Aatmanirbhar Bharat”. The
Maritime summit is being held from March 2-4, 2021 in a virtual format. On the sidelines of the MIS-2021, Chabahar
day was commemorated on March 4, 2021.
• The event is organized by the Ministry of Ports, Shipping & Waterways (MoPSW).
• Partner Country – Denmark
• Objective – To promote both International and Domestic investment in India’s Ports & Maritime Sector.
• Other Organizers – Industry Partner – FICCI (Federation of Indian Chambers of Commerce and Industry);
Knowledge Partner – ET.
• The summit was one of the biggest virtual maritime summits in the world.
• The summit will visualise a roadmap for India’s Maritime sector for next decade and will work to propel India
to the forefront of the Global Maritime Sector.
Participants
• Ministers from 7 countries – Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan & Armenia participated in
the event.
India-Sweden Virtual Summit 2021 held between Prime Ministers Narendra Modi & Stefan Löfven
On March 5, 2021, a Virtual Summit was held between the Prime
Minister (PMs) of India Narendra Modi & Prime Minister of the
Kingdom of Sweden, Stefan Lofven.
• This is the Fifth Interaction between the two PMs since
2015.
• The key areas of discussion were Healthcare, Biotech,
Smart Cities, Smart Grid, Circular Economy & Artificial
Intelligence (AI).
Major events during the Summit
• Both countries agreed to strengthen cooperation in areas such as elderly care, infection control, digitalization,
Non-Communicable diseases & start-ups.
• They also welcomed the creation of a Sweden-India Health Hub at AIIMS-Jodhpur, Rajasthan.
• Both PMs welcomed the progress made in Scientific collaborations such as Polar Research & Polar Expeditions.
The National Centre for Polar and Ocean Research (NCPOR) under the Ministry of Earth Sciences, India &
Swedish Polar Research Secretariat.
• They agreed to intensify their collaboration within the framework of the Arctic Council to address global
environmental protection & combat climate change.
• Joint Projects on innovation, climate & health cooperation were launched to fight the pandemic and building
stronger, greener & more equal societies.
Joint Statements between PM Narendra Modi & PM Stefan Lofven:
• The launch of a second joint industrial R&D call on Smart and Sustainable Cities, Transport Systems, Clean
Technologies and Digitalization and Internet of Things under India-Sweden Collaborative Industrial Research
& Development Programme.
• India-Sweden Collaborative Industrial Research & Development Programme on Smart Grids.
• MoU on Aviation Knowledge Exchange and Technical Transfer Programme.
• MoU on cooperation between financial services to enhance cross-border participation and promote knowledge
sharing.
Note – Sweden assumed the chairmanship of the Organization for Security and Co-operation in Europe (OSCE) in
2021.
India-EU+27 Leaders’ Meeting
Both sides stated that the India-European Union (EU)+27 Leaders’ Meeting which is to be held in Portugal in May
2021 will be a major milestone in the relationship between India & the EU.
Sweden Joins ISA
Sweden announced its decision to join the International Solar Alliance (ISA) which was initiated by India in 2015 for
efficient consumption of Solar Energy.
Reaffirmation of Commitment to LeadIT
Both sides reaffirmed their commitment to the Joint Global Initiative called ‘the Leadership Group for Industry
Transition (LeadIT)’.
• The organization gather countries & companies which are committed to achieving the Paris Agreement.
First Strategic & Counter-Terrorism Dialogue Between India & Nigeria: 4 – 5 March 2021
The first Strategic and Counter Terrorism Dialogue between India and Nigeria was held from 4th March
2021 to 5th March 2021. The National Security Adviser of Nigeria Major General (Retd.) Babagana Monguno visited
New Delhi, India at the invitation of National Security Adviser of India Ajit K Doval KC for the discussion.
Highlights:
i.The discussions were held within the framework of close and strategic partnership between India and Nigeria.
ii.The threats and challenges faced by the nations from the terrorism, extremism, radicalization through the
cyberspace as well as International crime, arms and drug smuggling and piracy were discussed.
iii.India and Nigeria has identified specific areas of cooperation to enhance their fights against all forms of terrorism.
iv.Both the countries have agreed to cooperate in the international arena and to maintain regular contact in this area.
About Nigeria:
President– Muhammadu Buhari
Currency– Nigerian naira
Capital– Abuja
Sanjay Dhotre MoS, MeitY Virtually inaugurates International Conference on MEMP 2021 at Pune
On 8th March, 2021 Sanjay Dhotre, Minister of State (MoS) for Ministry of Electronics and Information
Technology (MeitY) virtually inaugurated the 3 day International Conference on Multifunctional Electronic
Materials & Processing (MEMP 2021) at Pune, Maharashtra. MEMP-2021 was organised by the Centre for
Materials for Electronics Technology (C-MET), Pune.
i.He highlighted on the rise of India’s share in global electronics manufacturing for 1.3% in 2012 to 3.6% in
2019.
ii.As a result of Indian Govt. initiatives like Make in India & AtmaNirbar Bharat, over 200 electronics manufacturing
units were developed.
iii.India’s Domestic production of Electronics items saw a compounded annual growth rate of 23% between 2014
& 2020.
iv.The production of mobile phones has gone up from about 6 crore mobile phones in 2014-15 to approximately 33
crore mobile phones in 2019-20.
Note- Currently, C-MET is producing Hafnium and Silicon Carbide for ISRO & DRDO.
INDEX
RANKING
Mukesh Ambani becomes 8th Richest in the World, Elon Musk tops the list: Hurun Global Rich List 2021
According to Hurun Global Rich List 2021, Chairman of Reliance Industries (RIL), Mukesh Ambani with a wealth of
USD 83 Billion (~ INR 6 Lakh Crore) became the 8th Richest Person in the World. The List was topped by Elon
Musk (CEO of Tesla), Jeff Bezos (CEO of Amazon) & Bernard Arnault (CEO of LVMH-Louis Vuitton).
• Hurun Global Rich List 2021 is the 10th Year of ranking. It ranked 3, 228 Billionaires from 2, 402 companies &
68 countries.
• Elon Musk took the number 1 spot for the 1st time and at the age of 49 years is the youngest to take the No.1
spot.
• In the Hurun Global Rich List 2020, Mukesh Ambani was ranked 9th.
• In 2020, world added 3 billionaires every 2 days; India added one every week
Youngest Indians
• Apoorva Mehta of Instacard & Nikhil Kamath of Zerodha (both 34 years) became the youngest Indian
Billionaires with a net worth of USD 1.7 Billion.
India climbs to 3rd spot
India Climbed to 3rd Spot in the Hurun Global Rich List 2021 with 209 Billionaires (out of which 177 live in India, 32
Indian Origin). China came 1st followed by the USA.
Madhya Pradesh top in Land Records Digitisation: 2nd N-LRSI index 2021
In accordance with the 2nd edition of NCAER Land Record and Services Index (N-LRSI) 2021, almost 32 States and
Union Territories (UTs) have shown an improvement in their effort to digitise land records. Their mean has shown an
increase of 16.6% in 2020-21 from 38.7 in 2019-20 to 45.1 in 2020-21 (out of 100 points).
• Notably, Madhya Pradesh topped the list for the second year in a row and followed by West
Bengal (2nd), Odisha (3rd), Maharashtra (4th) and Tamil Nadu (5th).
• Only 13 states allow online mode of payment for property registration while nine states are still using paper
stamps for it.
Who has prepared the index?
The index has been prepared by NCAER (National Council of Applied Economic Research) with support
from Omidyar Network India through its Property Rights Research Consortium.
The N-LRSI 2021 is based on data collected over 2020-21 on two aspects of the supply of land records—the extent of
digitisation of land records and the quality of these land records.
Parameters used for Measuring Index: 4
1. Digitisation of textual and spatial records
Ramesh Pokhriyal unveiled QS World University Ranking 2021 by Subject; 12 Indian Institutes named in top
100
On March 4, 2021, the unveiling of QS (Quacquarelli Symonds) World University Rankings by Subject 2021 was held
virtually which was addressed by Union Minister Ramesh Pokhriyal ‘Nishank’, Ministry of Education (MoE).
• Notably, the number of Indian Institutions in the list of top 100 has increased to 12 from 8. These are IIT
Bombay, IIT Delhi, IIT Madras, IIT Kharagpur, IISC Bangalore, IIT Guwahati, IIM Bangalore, IIM
Ahmedabad, JNU, Anna University, University of Delhi, and O.P Jindal University.
Why is it prepared?
This annual ranking covered a total of 51 disciplines, grouped into five broad subject areas to help prospective
students identify the leading universities in a particular subject.
Following tables shows the list of Topper Institute and Indian Institutions in top 100 among five broad subject areas
and other disciples:
Institutions in top 100 among 5 Broad Subjects
Engineering and Technology
54 IIT-Delhi 79.4
1 MIT, US 97.5
30 IIT Madras
41 IIT Bombay
Law
Anthropology
Development Studies
India Topped in Frontier Tech among Developing Countries – UNCTAD’s ‘Technology and Innovation Report
2021’
In accordance with the new country-readiness index released by the United Nations Conference on Trade and
Development (UNCTAD) in its ‘Technology and Innovation Report 2021’, India is the biggest over performer in
frontier technologies than it’s per capita gross domestic products (GDP) among 158 countries.
• The index ranked India at 43 while the estimated one based on per capita income was 108. This meant that
India over performed other countries by 65 ranking positions.
• India was followed by the Philippines, which over performed by 57 ranking positions.
What are frontier technologies?
These are the ones who take advantage of digitalisation and connectivity. The report covered 11 frontier technologies
viz. artificial intelligence (AI), the Internet of Things (IoT), Big data, blockchain, fifth-generation (5G) mobile
India ranked 121st & Singapore retains 1st Rank in the 2021 Economic Freedom Index
India with a score of 56.5 was ranked 121 (category – ‘Mostly Unfree’) in the ‘2021 Index of Economic Freedom’ (27th
Annual Edition) released by The Heritage Foundation. Singapore topped the list for the 2nd time in a row followed
by New Zealand & Australia.
• India ranked 26th among 40 countries in the Asia–Pacific region, and its overall score is below the regional
and world averages.
• This is the 1st time that the index has been published after the COVID-19 Pandemic.
• Around 184 Countries have been covered in the Index; the Period of study is from July 2019 – June 2020.
• For the 1st time, The Heritage Foundation has excluded Hong Kong from its rankings. Hong Kong had topped
the Index for 25 out of 27 years (1995-2019).
• Overall, the Global Economy remains ‘Moderately Free’ in the 2021 Index. The Global Average of economic
freedom remained unchanged at 61.6 for the second year in a row (highest average score in Index history).
Rank Country Overall Score Category
121 India 56.5 Mostly Unfree
1 Singapore 89.7 Free
2 New Zealand 83.9 Free
3 Australia 82.4 Free
Ranking in Asia–Pacific region:
Singapore is ranked 1st among 40 countries in the Asia–Pacific region.India ranked 26th.
Top 3 Country in Asia Pacific Region:
1.Singapore
2.New Zealand
3.Australia
Methodology
It is based on 12 freedoms which are categorized into 4 Broad Categories or pillars of economic freedom
• Rule of Law (Property rights, Government Integrity, Judicial effectiveness)
• Government Size (Government Spending, Tax Burden, Fiscal Health)
• Regulatory Efficiency (Business Freedom, Labor Freedom, Monetary Freedom)
• Open Markets (Trade Freedom, Investment Freedom, Financial Freedom)
Regional wise & Country-wise Rankings
• Asia-Pacific countries scored lower than the world average in 7 of 12 indicators.
• Major Economies – UK – 7th, USA – 20th, Japan – 23rd, Germany – 29th & China – 107.
• Lowest Ranked Countries – North Korea – 178, Venezuela – 177, Cuba – 176.
About the Index:
The Index of Economic Freedom is an annual index and ranking created in 1995 by conservative think-tank The
Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world’s nations.
Click here to read the full report
India emerges as 5th attractive Growth Destination, US Tops List: PwC’s Global CEO Survey
According to PwC’s (PricewaterhouseCoopers) 24th Annual Global CEO Survey, India emerged as the 5th most
attractive growth destination in the world. India has slipped one position to 5th, after being surpassed by the United
Kingdom which took the 4th Position.
The USA emerged as the Number one market favoured by CEOs over the next 1 year followed by China, Germany.
• The survey covered 5, 050 CEOs in 100 Countries & Territories including India.
• Japan took the 6th position overtaking Australia.
• 76% of CEOs expect the global economic recovery to improve in 2021.
Position Country
5 India
1 USA
2 China
3 Germany
4 UK
Key points:
i.The Top 5 threats of 2021 according to CEOs are
• Pandemic & other Health Crises
• Cyber Threats
• Over-regulation
• Policy Uncertainty
• Uncertain Economic Growth
ii.The survey also highlights that China CEOs prioritise large economies for growth as US CEOs continue to pull away
from China.
Percentage of Top Threats Globally & Asia Pacific Region:
• Pandemics and other health crises is the top threat for Global CEO’s with 52%.It was followed by Cyber
threats-47%, Over-regulation – 42%, Policy uncertainty – 38%, Uncertain economic growth – 35%.
• Similarly Pandemics and other health crises with 58% is the top threat for the Asia-Pacific CEO’s.It was
followed by Cyber threats – 40%, Uncertain economic growth -39%, Policy uncertainty-36%, Over-regulation -
36%, Availability of key skills -36%.
Click here to read the full report
Recent Related News:
i.February 1, 2021, According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by WEF in
collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global GDP by USD 6.5
Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by
2030.
About PricewaterhouseCoopers (PwC):
Chairman – Robert E. Moritz
Headquarters – London, UK
US becomes India’s 2nd Biggest Oil Supplier overtaking Saudi Arabia;Iraq Tops
According to trade data released by Reuters, the United States surpassed Saudi Arabia as India’s 2nd Biggest Oil
Supply in February, 2021. Iraq continues to be India’s Largest supplier despite a 23% decline in purchases to a five-
month low of 867, 500 BPD (Barrels Per Day).
• India’s imports from America increased to 48% to a record 545, 300 BPD in February, 2021 accounting for
14% of India’s overall imports last month
• Saudi Arabia slipped to No.4 Position for the 1st time since January 2006. Nigeria rose to 3rd Position and
UAE slipped to 5th Position.
• Totally, India shipped 3.92 million BPD of Oil in February, 2021 (decline of 18% from January).
Fact
India is World’s Third Largest Oil Importer & Consumer (after USA, China)
Position Country
1 Iraq
2 USA
3 Nigeria
4 Saudi Arabia
5 UAE
Reasons for rise of US
• The Crude oil supplied by US is relatively cheaper compared to oil supplied by OPEC (Organization of the
Petroleum Exporting Countries +) and its allies
• OPEC has cut its oil productions in order to speed up oil market’s recovery from COVID-19 Pandemic. Saudi
Arabia has opted for a voluntary extra 1 Million BPD output cut due to OPEC’s decision.
Key Points
• At present, India ships 84% of its crude needs and relies heavily on the Middle East.
• Middle East’s share of India’s overall imports declined to a 22-month low of about 52.7% while Africa’s rose to
15%.
• India is actively taking steps to diversify its crude oil sources.
Recent Related News:
i.On May 11, 2020, The ministry of petroleum and natural gas has set up a 6-member panel to review the existing
Production Sharing Contracts (PSCs) due to the fall in crude oil prices and the COVID-19 lockdown.
About Reuters:
Reuters is an International News Organization owned by Thomson Reuters
President – Michael Friedenberg
Headquarters – London, United Kingdom
About Organization of the Petroleum Exporting Countries (OPEC):
13 Member Countries – Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi
Arabia, UAE & Venezuela.
Secretary General – HE Mohammad Sanusi Barkindo
Headquarters – Vienna, Austria
India 3rd Most Polluted Country, Delhi Most Polluted Capital City : IQAir Report
According to the ‘2020 World Air Quality Report’ released by IQAir (Swiss Air Technology Company), India was the
3rd Most Polluted Country in the World in 2020 after Bangladesh & Pakistan. Delhi was the most polluted Capital City
for the 3rd consecutive time it was followed by Dhaka (Bangladesh) & Ulaanbaatar (Mongolia).
• In the case of World’s most polluted cities, Hotan of China came first followed by India’s Ghaziabad (Uttar
Pradesh) & Bulandshahr (Uttar Pradesh).
• The rankings are based on annual average PM 2.5 (Particulate Matter) of the year 2020. It covered 106
Countries.
Most Polluted Countries in 2020
Rank Country PM
3 India 51.9
1 Bangladesh 77.1
2 Pakistan 59
South & East Asia – Major Point of Air Pollution
• According to the report, South and East Asian countries continue to be the most polluted locations in the
world.
• 37 out of 40 most polluted cities in 2020 are in South Asia.
• Only 1.6% of cities in South Asia met WHO’s (World Health Organization) PM 2.5 target in 2020.
• Air pollution causes a loss of 7.4% of South Asia’s GDP.
World’s Most Dangerous Roads: South Africa Topped, India Ranked 4th; Norway Topped as World’s Most
Safest Roads
According to the Study conducted by International driver education company, Zutobi, South Africa was ranked
1st in the World’s Most Dangerous Roads study, it was followed by Thailand. United States ranked 3rd.India was
ranked 4th in the study. The Study was conducted among 56 Countries.
• Similarly, The Study states that, Norway has the World’s Safest Road & topped in the study in World’s Safest
Roads, it is followed by Japan in the 2nd place & Sweden in 3rd Place.
Methodology:
i.The Study has analyzed each country on the following five factors, giving each one a normalized score out of ten for
each factor, before taking an average final score across all five factors.
ii.The 5 factors of the study are,
• Estimated road traffic death rate (per 100,000 population),
• Maximum motorway speed limit (mph),
• Seat-belt wearing rate (front seat),
• Road traffic deaths attributed to alcohol,
• Blood Alcohol Concentration (BAC) limit for drivers (g/dl).
iii.These estimates taken in the study were based on the World Health Organization’s Global Health Observatory data
repository.
iv.While estimating the score, maximum speed limit on motorway and blood alcohol content restrictions in the
various countries.
Top 5 Countries – World’s Dangerous Roads:
Estimated road Maximum Road traffic Blood Alcohol
traffic death rate motorway Seat-belt deaths Concentration (BAC)
(per 100,000 speed limit wearing rate attributed to limit for drivers
Country population) (mph) (front seat) alcohol (g/dl) Overall
South
Africa 25.9 74 31% 57.50% 0.05 3.23
Thailand 32.7 74 40% 14.10% 0.05 4.35
India Ranked 139 out of 149 in UN World Happiness Report 2021, Finland Tops
India with a score of 3.819 has been ranked 139 out of 149 countries in the ‘World Happiness Report 2021’ an
publication of United Nations Sustainable Development Solutions Network (UNSDSN). The ranking was topped by
Finland (tops for the 4th Time).
• This is the 9th World Happiness Report and is based on surveys conducted during the time period of 2018-
20.
• It ranks the world’s 149 countries on “how happy their citizens perceive themselves to be”.
• The results of the report based on the Gallup World Poll.
• The least happy countries were Afghanistan (149), Zimbabwe (148) & Rwanda (147).
• Apart from Afghanistan (149), all neighbouring countries ranked higher than India.
This Year (2021) the report ranked the country using 2 methods,
• Using the data from the previous three years of surveys(2018-2020).
• Using the data from only 2020.
Ranking Based on Past 3 Years(2018-2020):
Country Ranking Points
India 139 3.819
Finland 1 7.842
Denmark 2 7.62
Switzerland 3 7.571
Ranking Based on Last Year(2020):
Country Ranking Points
Finland 1 7.889
Iceland 2 7.575
Denmark 3 7.515
Note: Luxembourg was not surveyed in 2020 and is represented by its 2018-19 survey in the official rankings.
Focus of 2021 Report
The survey was based on issues like
Lakshadweep, Budgam District declared TB Free;Himachal Pradesh tops State TBI Index 2021
On the occasion of World Tuberculosis Day on March 24, Union Minister for Health & Family Welfare inaugurated the
celebrations at Dr Ambedkar International Centre at Delhi. During the event,
• Lakshadweep (UT) & District of Budgam (Jammu & Kashmir) were declared Tuberculosis (TB) free.
• Himachal Pradesh achieved 1st Rank in India amongst the states with a population of more than 50 Lakhs, to
end Tuberculosis under the National Tuberculosis Elimination Programme (NTEP).
• India also resolved to end Tuberculosis by 2025. Ending the TB epidemic by 2030 is among the health targets
of the United Nations Sustainable Development Goals (SDGs).
• India has 30% of World’s TB cases.
i.Union Minister Harsh Vardhan also released several reports
• State TBI Index 2021 ; Guidelines for programmatic management of Drug-Resistant TB in India, 2021; Gender-
responsive approach; TB Aarogya Sathi Application for citizens/TB patients.
• Guidance document on Strategy to End Stigma and Discrimination Associated with Tuberculosis, Collaborative
framework for management of TB in pregnant women.
• He also launched iDEFEAT TB Project & Corporate TB pledge.
Key Points
• In 2020, India’s TB programme saw over 18.04 Lakh TB notifications, which is a fall of 24% from 2019.
• National Tuberculosis Elimination Programme (NTEP) has led to an increase in TB notifications & significant
improvements in diagnosis, adherence, and treatment outcomes.
• Approved Budget for the National TB programme in 2020-21 was INR 3, 110 Crore
• During the pandemic, India used Indigenously developed cost-effective, point-of-care molecular diagnostic
machines (called TrueNAT) to test for both TB and COVID-19.
• TB has been made part of Comprehensive Primary Health Care & has been integrated with Ayushman Bharat
Health and Wellness Centres (HWCs).
India ranked 40th on International Intellectual Property Index 2021; USA Tops the Index
India with a score of 38.40% has been ranked 40th out of 53 Global Economies in the 9th Edition of the
‘International Intellectual Property (IP) Index : Recovery through Ingenuity 2021’ released by US Chamber of
Commerce Global Innovation Policy Centre (GIPC). USA, UK & Germany topped the Index.
• In the 8th Edition India Scored 38.46%.So there is a decline of 0.06% from Previous Year.
• The IIP Index released annually by GIPC evaluates the IP rights, patents, copyright policies, commercialization
of IP assets and ratification of International Treaties of 53 Global economies.
• The report states that the overall global IP environment has improved in 2020, with 32 out of 53 Countries
recording positive improvements in their score.
Rank Country Score
40 India 38.40%
1 USA 95.31%
2 UK 93.90%
3 Germany 92.27%
Among BRICS (Brazil, Russia, India, China & South Africa) grouping, India has raised his score from 24.96% in 2012 to
38.40% in 2021 (i.e. there is a rise of 13.44%) & registered the 2nd highest growth over the 9 editions of IIP Index.
China had the largest overall increase in score between 2020-2021 at 3.90%.(i.e. In 2020 it scored 50.96% & in 2021
it scored 54.86%).
India’s needs
• The report states that India needs a unified IP framework which supports India’s competitiveness.
• IP framework is needed for sectors like advanced manufacturing, biopharmaceutical products, and creative
content.
• India’s IP ecosystem can be further strengthened through reforms pertaining to Trade secrets protection,
removal of bureaucratic barriers, passage of clean Cinematographic Law amendments to protect Indian
creative content.
Benefits of having effective IP frameworks
• Economies with most effective IP Frameworks
• Will achieve socio-economic benefits needed to combat COVID-19
• Greater access to venture capital
• Increased private sector investment in research and development
REPORTS
Pandemic to leave 375 Million Children in India with Health, Economic Impacts: SoE 2021 report
According to the State of India’s Environment 2021 (SoE 2021) Annual report released by Down to Earth Magazine
in association with Centre for Science & Environment (CSE), India is set to begin a ‘pandemic generation’ as 375
million children (0-14 year-olds) may suffer long-lasting impacts such as underweight, stunting & increased child
mortality, to losses in education & work productivity due to pandemic.
• Over 500 Million children have been forced out of school globally with India accounting for 50% of such
Children.
• 115 Million people may get pushed into extreme poverty by pandemic (majority of them live in South Asia).
• India was ranked 117 out of 192 nations in terms of sustainable development behind all South Asian
countries except Pakistan.
• The report also highlights Central Pollution Control Board’s (CPCB) evaluation of 88 Major Industrial clusters
in India based on which Tarapur, Maharashtra emerged the most polluted cluster in India.
Report on Environment issues
Industrial Pollution
i.The report states that there has been a significant increase in India’s air, water & land pollution between the years
2009 & 2018.
ii.Out of 88 Major Industrial clusters in India, Central Pollution Control Board’s (CPCB) own evaluation indicates that
• 35 clusters show overall environmental degradation
• 33 indicate worsening air quality
• 45 have water that is more polluted
• 17 have land pollution which has worsened in the specified time period.
iii.Tarapur, Maharashtra emerged as the most polluted cluster in India.
Performance of Indian states with regard to SDGs
• The 5 best states with regard to meeting the Sustainable Development Goals are – Kerala, Himachal Pradesh,
Andhra Pradesh, Tamil Nadu & Telangana
• Worst performing states are Bihar, Jharkhand, Arunachal Pradesh, Meghalaya & Uttar Pradesh.
Air Pollution
• In 2019, 1.67 Million Indians lost their lives due to air pollution.
• The economic cost of this was USD 36, 000 million which is equivalent to 36% of India’s GDP.
• It highlighted the need for a Vehicle Scrappage policy, by 2025 around 20 million vehicles will reach the end of
their lives adding to pollution & environmental damage.
Water Pollution
• It stated that Jal Jeevan Mission’s target to provide drinking water to all rural households by 2024 needs to
focus on making water source sustainable, recharge of groundwater & rainwater harvesting.
• Since 2014-15, India has spent 34% of MGNREGA (Mahatma Gandhi Employment Guarantee Act) funds on
water-related works which has led to creation of around 11 million assets in half a million villages.
• During the pandemic, there was no significant improve in the water quality of Indian rivers. River Ganga ran
even more dirtier during the COVID-19 period.
One in four people will have hearing problems by 2050: WHO’s 1st Report on Hearing
On March 2, 2021, the World Health Organization’s (WHO) released its first World Report on Hearing stating that
nearly 2.5 billion people worldwide or 1 in 4 people will suffer from hearing problems by 2050. At present one in
five people worldwide have hearing problems. If the issue is not properly addressed, there will be a loss of trillion US
dollars every year.
• In order to overcome this scenario, the report proposed measures, which would cost $1.33 per person per
year.
• It should be noted that World hearing day is observed annually on March 3.
What is the key contributor to hearing problems?
It is poor access to treatment as low-income countries have fewer professionals to treat the hearing problems of
patients. Notably, 80% of the people with hearing loss live in such countries. Even in richer countries the access to
care is often uneven. There is also a lack of accurate information and the stigma surrounding ear disease and hearing
loss.
• Could prevent the causes of many problems such as infections, diseases, birth defects, noise exposure, and
lifestyle choices as per the first-ever global report on the hearing.
Key Recommendations provided in Report:
i.Reduction of noise in public spaces
ii.Increasing vaccinations for diseases such as meningitis that can cause hearing loss
iii.Systematic screening to identify the problem
Recent Related News:
i.The World Economic Forum (WEF) has released the Global Risks Report 2021, 16th Edition. The findings of the
report are based on the Global Risks Perception Survey (GRPS) undertaken by over 650 members of WEF’s diverse
leadership communities.
ii.According to the report ‘Asia and the Pacific Regional Overview of Food Security and Nutrition 2020: Maternal and
child diets at the heart of improving nutrition’, based on Global estimates the number of people facing severe food
insecurity was estimated to double to 265 Million by the end of 2020 due to pandemic.
About World Health Organization (WHO):
Director General– Tedros Adhanom Ghebreyesus (Ethiopia)
Headquarters– Geneva, Switzerland
Health Minister Harsh Vardhan Released Report of ICMR-AIIMS & DGHS-PGIMER’s Pictorial Guidebook on
‘Prevent Hearing Loss’
On 3rd March 2021, as a part of the World Hearing Day, Harsh Vardhan, Union Minister of Health and Family Welfare,
released the the report related to hearing loss prepared by Indian Council of Medical Research (ICMR) – All India
Institute of Medical Sciences(AIIMS) ICMR-AIIMS.
He also released the Pictorial guidebook on ‘Prevent Hearing Loss’ prepared by Directorate General of Health
Services(DGHS)- Post Graduate Institute of Medical Education & Research(PGIMER).
Key People:
Ashwini Kumar Choubey, Minister of State, Ministry of Health and Family Welfare(MoHFA); Mangal Pandey, Health
Minister, Bihar, Rajesh Bhushan, Secretary, MoHFW, Dr. Kanwar Sen, Additional DGHS, Dr. Alok Thakkar, HOD (ENT)
AIIMS and Dr Arun Kumar Agarwal, former Dean Maulana Azad Medical College were present at the event.
Inauguration of 6 Outreach Service Centres for Communication Disorders:
As a part of the 2021 world hearing Day, Union Health Minister Harsh Vardhan virtually inaugurated the six new
More than 931 Million Tonnes of Food waste generated in 2019 : UN Food Waste Index 2021
According to ‘Food Waste Index Report 2021’ compiled by the United Nations Environment Programme (UNEP)
& WRAP (Waste & Resources Action Programme) found that around 931 Million Tonnes (1.03 Billion Tons) of Food
waste was generated in 2019. It equals to 17% of food produced globally.
• 61% of this waste was generated by households, 26% from food service & 13% from retails.
• At the Global level, 74Kg per capita of food is wasted each year.
• In India the per capita food wastage is 50 Kg (at the household level) & it is estimated that India generates 68,
760, 163 tonnes of food waste each year.
• The 2015 Sustainable Development Goal (SDG) 12.3 aims to halve food waste & reduce food loss by 2030.
In addition to the Food Loss Index developed by the Food & Agriculture Organization of United Nations (FAO), Food
Waste Index covers food’s journey – food waste occurring at household, food service & retail level.
Key points
• Per capita food wastage is higher in west Asian & sub-Saharan African Countries compared to South Asian,
European & North American countries.
• 8-10% of the Global Greenhouse Gas emissions (GHG) are associated with foods which are not consumed.
• Reducing food waste will slow down the destruction of nature through land conversion & pollution, enhance
availability of food & reduce hunger.
FAO Report
According to the Food and Agriculture Organization (FAO) of the United Nations, in 2019 around 690 million people
were impacted by hunger & 3 billion were unable to afford a health diet.
• The numbers are expected to increase sharply in the Post covid-era.
Per Capita Food Wastage estimates in South Asia
• 82 kg in Afghanistan
• 79 kg in Nepal
• 76 kg in Sri Lanka
• 74 kg in Pakistan
• 65 kg in Bangladesh
Click here to read the full report
Recent Related News:
i.On September 29, 2020 The First Ever “International Day of Awareness of Food Loss and Waste (IDAFLW)” was
observed FA & UNEP.The Theme for International Day of Awareness of Food Loss and Waste 2020 is “Stop food loss
and waste. For the People. For the Planet”.
About United Nations Environment Programme (UNEP):
Executive Director – Inger Andersen
Headquarters – Nairobi, Kenya
India’s position downgraded to ‘Partly Free’ in Freedom in the World 2021 report
According to the ‘Freedom in the World 2021: Democracy under Siege’ released by US based Think Tank Freedom
House, India has scored 67 and its position has been downgraded to ‘Partly Free’ from ‘Free’ in 2020. India’s ranking
has also fallen to 88 (from 83) out of 211 countries.
• The ‘most free countries’ with a score of 100 are Finland, Norway & Sweden.
• Least Free Countries with a score of 1 are Tibet & Syria.
• This is the 1st time since 1997 that India has been downgraded to ‘partly free’. India’s score has decreased
from 71 (in 2020 ).
• Freedom House is largely funded through USA government grants and is actively tracking the course of
democracy since 1941.
Country Score Status
India 67 ‘Partly Free’
Finland, Sweden, Norway 100 ‘Most Free’
Tibet, Syria 1 ‘Least Free’
Reasons for India’s Downfall
• Legislation & Policies that undermine the political rights of Muslims.
• Increased Government Pressure on Human rights organization.
• Rising Intimidation of academics & Journalists.
Basis of Rankings
• The scores are based on Political rights indicators like electoral process, political pluralism & government
functioning.
• Civil Liberties indicators such as Freedom of expression and belief, associational & organisational rights, rule
of law & personal autonomy and individual rights.
• Based on the scores, countries are declared as ‘free’, ‘partly free’ or ‘not free’.
India’s scores
• Political rights – 34/40
• Civil Liberties – 33/60
• Internet Freedom score – 51/100.
India’s Status:
Freedom House noted that the change in India’s status from “Free” to “Partly Free” was the most significant for 2020,
“meaning less than 20 per cent of the world’s people now live in a Free country — the smallest proportion since
1995″.
The Freedom House report again listed “Indian Kashmir” separately, and retained its status as last year of “not free”
(the first time it had done so), with the score for it falling from 28 to 27. Between 2013 and 2019, “Indian Kashmir”
was labelled as “partly free”. Its score fell from 28 to 27.
Other Countries on par with India
India’s score of 67 puts in on par with other countries like Ecuador & Dominican Republic.
Click here to read the full report
Recent Related News:
i.February 4, 2021, According to the ‘Democracy Index 2020’ released by the Economist Intelligence Unit (EIU), India
with a score of 6.61 slipped two places to 53rd Rank (out of 167 countries) in the Index due to decline in Civil
Liberties.
About Freedom House:
President – Michael J. Abramowitz
Headquarters – Washington D.C., USA
2021 set to be ‘make or break year’ to combat global climate emergency: UNFCCC report
UN Secretary General, Antonio Guterres has stated 2021 is a ‘make or break year’ to confront the global climate
emergency. The UN Framework Convention on Climate Change (UNFCCC) has released the Initial NDC (Nationally
Determined Contributions) Synthesis Report which measures the progress of Climate Action Plans of Countries
under the Paris Agreement.
• The report states that the efforts put in by countries are not enough to limit Global Temperature rise to 1.5
degrees Celsius or to meet the goals of the Paris Agreement.
• In order to achieve the targets, countries must cut global emission by 45% by 2030 from 2010 levels.
Updated NDCs by Countries
• The UNFCCC report covered submissions from countries up to December 31, 2020.
• The report showed that 75 parties to the Framework Convention to fight climate change have communicated a
new or updated NDC which represents 30% of Global Greenhouse gas emissions.
2nd Report to be released prior to COP26
The second UNFCCC report will be released before the COP26 (2021 United Nations Climate Change Conference),
which is scheduled to be held in November 2021 in Glasgow, Scotland under the presidency of the United Kingdom.
Gender Inequality has cost the World USD 70 Trillion since 1990: BofA Report
According to a report compiled by the economists of Bank of America (BofA), Gender inequality has cost the world
USD 70 Trillion since 1990. It also states that it would take a minimum of 257 years to bridge the gender gap.
• The Loss of Human Capital Wealth due to Gender Inequality is estimated at USD 160.2 Trillion.
• If all countries become gender-equal, the global Gross Domestic Product (GDP) will increase by up to USD 28
Trillion by 2025.
• The report also states that the LGBTQ+ Community is equal to the 4th Largest Economy in the world at USD
3.9 Trillion.
• Note – The LGBTQ+ community is equivalent to the fourth largest economy in the world at USD 3.9 trillion.
Pandemic deepens Gender Inequality
The report states that the Pandemic has further deepened the Gender Inequality Crisis.
• Due to the Pandemic, around 96 Million People are estimated to slip into extreme poverty in 2021, of which 47
million would be women.
• Women’s jobs were 19% more at risk.
Gender inequality in Education, Health
Gender and racial biases lead to persistent labour market disparities and limit the economy, it says closing the gender
and race gaps in education and employment would have generated USD 2.6 trillion more in economic output in 2019
and the cumulative gains from 1990 would have been USD 70 trillion at the 2019 dollar rate.
Closing racial earnings gap resulting from disparities in health, education, incarceration and employment
opportunities would boost trend growth by 0.5 per cent per year through 2050, says the report.
Gender inequality in Profession
For the first time in six years in 2020 there were no black chairs, chief executives or finance chiefs in the FTSE 100
companies and just one company in the S&P 500 is run by a Black female CEO now, and only eight companies have at
least 50 per cent female management teams.
Children with Disabilities
The report states that in emerging market countries 90% of children with disabilities do not attend schools.
Recent Related News:
i.On December 10, 2020, India’s 1st LGBT + Workplace Equality Index, “India Workplace Equality Index Top
Employers 2020 Report” based on the India Workplace Equality Index (IWEI) Index was launched by KSF, Pride
Circle, Stonewall & FICCI.
About Bank of America (BofA):
CEO – Brian Moynihan
Headquarters – Charlotte, North Carolina, USA
LinkedIn’s ‘The Opportunity Index 2021’ report highlights 85% Indian Women miss promotion on Gender
basis
In January 2021, LinkedIn surveyed 10,000 working women in the Asia Pacific region and released “The
Opportunity Index 2021”, which revealed that 85% of Indian women felt missed out of Salary hike or
promotion because of their gender, while the number stands at 60% in Asia Pacific region. However, 66% felt
that gender equality has improved from the time of their parents. Shockingly 9 of 10 women revealed that they
were negatively impacted by the pandemic.
NITI Aayog Along With RMI India Releases ‘Mobilising Electric Vehicle Financing in India’ Report
NITI Aayog along with Rocky Mountain Institute (RMI) India released the ‘Mobilising Finance for EVs in India: A
Toolkit of Solutions to Mitigate Risks and Address Market Barriers’ report. The report analyses the risk &
market barriers involved in transforming India’s Electric Vehicle (EV) Sector and provides Target Instruments to
overcome the hurdles.
Key Takeaways:
i.Indian EV market size to be of USD 50 billion (Rs 3.7 lakh crore) by 2030, which is equivalent to 80% of the
current market size of India’s retail vehicle Finance Industry at USD 60 billion (Rs 4.5 lakh crore).
ii.To achieve the targeted transformation, there needs to be a capital investment of USD 266 billion (Rs 19.7 lakh
crore) in EVs, charging infrastructure, and batteries by 2030.
• Re-engineering vehicle finance and mobilising public and private capital will be critical to accelerating the
deployment of the 50 million EVs that could be plying on India’s roads by 2030
iii.Identified Hurdles for Transformation – Technology cost, Infrastructure availability, and Consumer behaviour.
Key Target Instruments:
1. Priority sector lending (PSL)
2. Interest rate subvention
India’s Fintech Sector valuation to touch USD 150-160 Billion by 2025: BCG & FICCI Report
According to the report ‘India FinTech: A USD 100 Bn Opportunity’ released by Boston Consulting Group (BCG) &
Federation of Indian Chambers of Commerce & Industry (FICCI), India’s Fintech Sector is expected to reach a
valuation of USD 150-160 Billion by 2025.
• The USD 150-160 Billion valuation will help in translating to an incremental value-creation potential of about
USD 100 Billion.
• In order to meet the USD 150-160 Billion valuation by 2025, India’s fintech sector will need investments of up
to USD 20-25 Billion over the next five years (2021-25).
Digital Skilled Workforce of India Needs to Grow 9 Folds by 2025: AWS Survey
On 25th February 2021, the Amazon Web Service(AWS) released a survey report titled “ Unlocking APAC’s Digital
Potential: Changing Digital Skill Needs and Policy Approaches”. The report states that the present workforce of India
comprises only 12% of digitally skilled employees and the Digitally skilled workforce of India has to increase to 9 fold
by 2025.
• The report was prepared by AlphaBeta, a strategy, and economic consulting firm and commissioned by AWS.
• The report identified 4 types of workers who need to gain new digital skills by 2025 Globally: currently
digitally skilled workers, currently non-digitally workers, future workforce (today’s students), and individuals
who are unemployed or involuntarily excluded from the workforce.
About the Report:
i.The research surveyed around 3196 workers across 6 APAC(Asia Pacific) countries which includes Singapore,
Australia, India, Indonesia, Japan and South Korea. Over 500 digital workers from India were surveyed in India.
ii.The report has 3 parts,
• Analyse the digital skill applied by the workers in their job.
• Projects the digital skills required by workforces over the next five years
• Provides workforce skills development recommendations for policymakers.
iii.In order to meet the projected demand of digitally skilled employees, the six APAC countries will need an
estimated 5.7 billion digital skill sessions, and India will need a total of 3.9 billion digital skill sessions, over the next
five years, as per the report.
Gist of the survey:
i.Around 150 million workers across the 6 countries apply digital skills in their job and people who require those
skills will increase to more than 800 million by 2025.
Maharashtra with its 56,000 Millionaire Households Leads the Country in HNI Households – Reported by
Hurun India
On March 16,2021, Hurun India released the ‘Wealth Report 2020’ in which Maharashtra ranked first in the state
wise distribution of High Net-worth Individual(HNI) households with 56,000 dollar millionaire households followed
by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat.
• Based on the report there are 4.12 lakh dollar-millionaire households / affluent households in India with a
networth of at least Rs 7 crore.
Asia-Pacific Region to Achieve Just 10% Targets of UN’s Sustainable Development Goals: UN-ESCAP Report
On 16th March, 2021, United Nations- Economic and Social Commission for Asia and the Pacific (ESCAP)’s report titled
“Asia and the Pacific SDG Progress Report, 2021” states, Asia-Pacific region may achieve just 10% targets of
sustainable development goals(SDGs) by 2030.(i.e.)Only nine out of 140 measurable targets of the SDG will be
achieved by 2030.
Progress in Asia Pacific Region:
Globally, Asia-Pacific region is too slow in achieving the half of the SDG goals and many SDG’s were achieved at levels
well below the 2020 Target.
Based on SDGs:
i.The Progress of Environmental Goals is too slow in Asia-Pacific Region.
ii.Gender equality (Goal 5), clean water and sanitation (Goal 6), affordable and clean energy (Goal 7), decent work
and economic growth (Goal 8), and life on land (Goal 15) are too slow in progress and achieving Target.
iii.Climate action (Goal 13) and life below water (Goal 14) are the worst achieved goal.There is no or less progress in
these 2 above SDG Goals.
5th Volume Of UN’s Report “State Of The World’s Indigenous Peoples”: Suggest Measures To Protect Rights of
Indigenous People
On 15th and 16th March 2021, the United Nations(UN) Department of Economic and Social Affairs(DESA) released
the State of the World’s Indigenous Peoples (SOWIP) volume V entitled “Rights to Lands, Territories and
Resources”. The report examines challenges faced by the indigenous people in asserting their rights to lands, in the
context of agribusiness, extractive industries, development, conservation and tourism.
• The preparation of the report was overseen by the Secretariat of the Permanent Forum on Indigenous
Issues.
SOWPI V: Rights to Lands, Territories and Resources:
i.The report offers a wide range of perspective on the rights of indigenous peoples on lands, territories and resources
through analysis of legislation and agreements at the national and international level and through customary law.
ii.The report analyses the successful practice and obstacles to realise the indigenous people rights to land and
territories and suggest ways for their development.
Importance of protecting the land and territory rights of Indigenous people:
i.The Indigenous people face challenges to get recognition of their rights to land and endure the land grabbing,
dispossession and displacement.
ii.The territories of the indigenous people hold the world’s most non commercially exploited land, minerals and
forest resources, rivers, fossil fuels and other renewable energies.
Around 736 Million Almost 1 In 3 Women Across the Globe Face Physical and Sexual Violence: WHO Report
On 9th March 2021, the World Health Organization(WHO) has launched a report titled “Violence Against Women
Prevalence Estimates, 2018”. The report was based on the WHO’s largest study on the prevalence of violence
against women. The study conducted by WHO on behalf of The United Nations Inter-Agency Working Group on
Violence Against Women Estimation and Data (VAW-IAWGED) states that around 736 million to 852 million women
across the globe i.e., 1 in 3 women have faced physical or sexual violence at least once in their lifetime.
• At least 1 in 4 women that were a victim of domestic or sexual violence were in their mid-twenties, and were
subjected to torture mostly by an intimate partner.
About the report:
i.This is the first of its kind study by WHO since 2013 that focus on both violence by intimate partners and sexual
violence by non-partners. The report compiles the data from 158 countries.
ii.The figures for the report track a period from 2010 to 2018 which does not include the impact of the COVID-19
pandemic.
iii.Various studies have shown that there is an increase in domestic violence against women since the government.
Violence Based on Regions:
i.37% of all women that were victims of violence were living in the poorest countries.
ii.Region of Oceania, Southern Asia, and Sub-Saharan Africa have the highest prevalence of domestic violence, and
women aged 15-49 constituted 33percent to 51 percent of total cases.
iii.The lowest rates are found in Europe (16–23 percent), Central Asia (18 percent), Eastern Asia (20 percent), and
South-Eastern Asia (21 percent).
Gist of the report:
i.Around 31% of women aged between 15 to 49 and 30% of women aged 15 and older has been subjected to physical
or/and sexual violence from their male intimate partners or sensual violence from a not intimate partner at least
once since the age of 15.
ii.Around 641 million people are affected by the violence against women by intimate partners.
iii.The report states that around 6% of women across the globe have reported that they were sexually assaulted by
non-partners and the actual number is expected to be much higher, since this form of violence has been stigmatized
across the globe.
iv.The violence affects the women living in low and lower middle income countries.
v.Around 37% of the women in the poorest countries have experienced physical and sexual violence and in some
countries has a prevalence of around 50%.
vi.Globally, over 641 million women were sexually assaulted within their households. Nearly 6 percent of women
globally reported abuse and torture inflicted by someone other than the husband. This figure, based on data from
2000 to 2018 remains underreported due to the high levels of stigma surrounding sexual abuse.
COVID-19 Crisis best opportunity for Transition from Fossil Fuels to Renewable Energy: IRENA report
According to the report ‘World Energy Transitions Outlook: 1.5° C Pathway’ released by International Renewable
Energy Agency (IRENA), the COVID-19 Crisis is an opportunity for countries across the world to disengage their
economies from Fossil Fuels & accelerate their shift to renewable energy sources.
• Energy transitions are one of the few solutions for containing the rise of global temperature to 1.5° C & halting
global warming & bring Carbon dioxide (CO2) emissions closer to net zero by mid-century
• It calls for countries around the world to increase their efforts toward the energy transition without delay.
• The report was previewed at the virtual Berlin Energy Transition Dialogue (BETD 2021) which took place
from March 16, 2021-March 17, 2021.
• The report is just a preview. The full version of the report will be released soon and it will act as a blueprint for
the energy transition.
90% energy from Renewables by 2050
The report states that by 2050, 90% of total electricity needs will be supplied by renewables, followed by 6% from
natural gas & remaining from nuclear.
Increased Energy Investments
• The report estimates that Energy transition investment will have to increase by 30% over planned investment
to a total of USD 131 Trillion between 2021 & 2050, corresponding to USD 4.4 Trillion on average every year.
Key Points
i.According to the report, in order to meet CO2 reduction targets by 2050, countries will need a combination of
technology & innovation for advancing energy transition & improving carbon management.
ii.National social & economic policies will play a major role in increasing the speed of energy transition.
iii. IRENA has identified 30 innovations for the integration of wind & Solar PV in power systems. It also focuses on the
expansion of emerging technologies like green hydrogen.
IPCC Special Report on Global Warming
The Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5° C released in 2018
states that a 45% reduction in global greenhouse gas emissions from 2010 levels is required by 2030.
Recent Related News:
i.On May 13, 2020 According to the WEF’s global Energy Transition Index(ETI) 2020, India has moved up two places
from rank 76th (2019) to 74th with a score of 51.5%, Sweden (74.2%) topped for the 3rd consecutive time followed
by Switzerland (73.4%) and Finland (72.4%).
About the International Renewable Energy Agency (IRENA)
Director General – Francesco La Camera
Headquarters – Abu Dhabi, UAE
Members – 163
More than 450 Million Children reside in areas of Extremely High Water Vulnerability: UNICEF report
According to the report ‘Reimagining WASH:Water Security For All’ released by UNICEF (United Nations Children’s
Fund), globally more than 1.42 Billion people, including 450 million children live in areas of high, or extremely high,
water vulnerability.
• It essentially means that globally, 1 in 5 children worldwide do not have enough water to meet their everyday
needs.
Net-Zero emissions in India’s energy systems achievable by 2050: TERI & Shell report
According to the report by ‘India:Transforming to a net-zero emissions energy system’ released by TERI (The Energy
& Resources Institute) & Shell (otherwise known as Royal Dutch Shell plc), the Net Zero emissions in energy system
in India is achievable by 2050.Amitabh Kant, CEO, NITI Aayog released the report.
• The report is one of the first assessments of the challenges that India would face if India were to move towards
Net-zero emissions energy system.
UN WWDR Report 2021 underlines decrease of Per Capita Reservoir Capacity of Water
According to the 2021 edition of the United Nations World Water Development Report (UN WWDR 2021) titled
‘Valuing Water’, Each person on the planet may have to live on less Water as per capita reservoir capacity is
decreasing.
• The World population is set to increase to 9 Billion by 2040, but the projected reservoir volume is stabilising
around 7, 000 billion cubic metre.
• This report published by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) on
behalf of UN-Water.
• The production of the report is coordinated by UNESCO World Water Assessment Programme(WWAP).
Key Points
• As per the report, the world’s 400 river basins identified water shortage risks in parts of Africa, Australia,
Northern China, India, Spain & Western parts of the USA.
• Average annual storage volume losses equal about 1% of total Built reservoir capacity, the estimated costs for
restoring the losses were approximately USD 13 Billion per year.
• Independent assessments state that the world will face a Global Water Deficit of 40% by 2030.
• The report estimates that 140 Low and Middle-income countries need to spend $114 billion per year to access
safe drinking water and sanitation.
Causes of Low Reservoir Expansion
• Sedimentation was one of the main reasons for decrease in the storage capacity of existing reservoirs.
• Artificial lakes & reservoirs suffered significant losses from increased evaporation compared to original rivers.
Only 11% Low-income countries make their data open: WDR 2021 Report
According to the ‘World Development Report 2021 : Data for better lives’ (WDR 2021) released by World Bank
Group, Most countries across the globe shy away from an Open-data policy. It states that only 11% low-income
countries made available a license classifiable as ‘open’.
The report has provided an assessment of openness of data, by income group
Indicator Low-Income Lower-middle-income Upper-middle-income High-income
Openness Score (0-100) 38 47 50 66
Open terms of Use/License (%) 11 19 22 44
Under-investments
The report highlighted underinvestment by Countries in Open data systems
• As of 2019, only half the countries had a national statistical plan that was fully funded.
• 93% of high-income countries had a fully funded national statistical plan, while not even a single low-income
country had one.
• The major reasons behind the inability of low income countries to harness the potential of data were Lack of
institutions, decision-making autonomy, and financial resources.
Gaps in Data on women & Girls
• The report states that gaps in data on women and girls were severe: Only 10 of the 54 gender-specific
indicators (19%) in the UN SDG goals were available.
• Only 24% of the available gender-specific indicators were from 2010 or later.
Regarding India
• There is an absence of data on Poverty in India.
• India monitors 54 out of 130 SDG indicators, the overall number of monitored indicators has gone up.
• However, the State of India’s Environment in figures, 2020 points out that India has dropped 4 indicators from
its tracking list.
Benefits of Open Data Policy
• Improved Service Delivery
• Prioritisation of Scarce Resources
• Holding governments accountable and empowering individuals
• Better emergency response during disasters – environmental, financial, health or conflict-related. The Odisha
State Disaster Management Authority invested in acquiring data on weather forecast & disaster response
measures after the cyclone in 1999.
Indian e-commerce rules biased: WDR report
According to the World Bank’s World Development Report titled ‘Stronger Data Systems Needed to Fight Poverty’,
India’s e-commerce regulations may be biased towards local companies, thus failing to provide a level playing field to
foreign platforms.
• In 2018, India prohibited foreign e-commerce companies from ownership or control over the inventory of
seller partners on their platforms.
COVID-19 pushes back India’s USD 5 Trillion GDP goal by 3 years to FY 2031-32-BofA Securities Report
According to a Bank of America(BofA) Securities Report, COVID-19 pandemic is expected to delay India’s ambitious
target of becoming the 3rd Largest Economy by 3 years to FY 2031-32 from FY 29-30.(i.e.Indian Government has set
a target of becoming a USD 5 Trillion economy by 2030).
• The pandemic has already shaved off 15.7% of India’s GDP from 2020.
• According to the IMF’s World Economic Outlook released in February 2020, India is the 5th Largest economy
in the world.
India’s Domestic Economy
• India’s Domestic economy is expected to touch Japan’s nominal GDP in 2031 (in USD terms) if it grows at 9%
and in 2030 if it grows at 10%.
• The report did not ascribe a size to India’s domestic economy, which stood at USD 2.65 Trillion in 2019-20.
• The only main downside risk to sustained growth is the oil prices, especially if it trends at over USD 100 a
barrel.
About Bank of America (BofA):
CEO – Brian Moynihan
Headquarters – Charlotte, North Carolina, USA
India may miss its 2022 Renewable Energy Capacity Targets: GWEC Report 2021
According to ‘Global Wind Report 2021’ released by Global Wind Energy Council (GWEC), India may miss its 2022
Renewable Energy Capacity Targets (175 GW RE by 2022 – 100 GW Solar, 60 GW Wind, 10 GW Bio-Energy, 5 GW
Small Hydro) due to several constraints.
• The constraints range from things like Land Allocation, grid availability, the recurring financial instability of
DISCOMs (Power Distribution Companies), tender design & PPA (Power Purchase Agreement) Sanctity and
others.
• At the Global level, 2020 was the best year in history for the Global wind industry. Around 93 GW of new
capacity were installed (53% year-on-year increase).
• The world needs at least 180 GW of new wind energy every year to limit global warming to well below 2°C
above pre-industrial levels.
• Out of 93 GW of new Wind Power capacity installed in 2020, India’s share was just20% (1119 MW).
• The total wind power capacity across the world stands at 743 GW (US & China account for more than 50% of
it).
• The Global Wind Report 2021 is GWEC’s 16th Annual flagship report.
2020 – Best Year for Global Wind Industry
• The report states that the 53% year-on-year increase achieved in 2020 is not enough to achieve Net Zero
Emissions by 2050.
• The majority of Wind-energy Growth in 2020 was driven by World’s 2 largest wind power markets – the USA
& China. Together they have installed 75% of the new installations in 2020.
Region-wise Growth of Wind Power Capacity during 2010-2020
During the last decade (2010-2020), the Asia-pacific region is increasingly driving the growth of global wind power
industry
• Top 3 regions are – Europe (87, 153 MW), Asia (61, 111 MW) & North America (44, 307 MW).
Overview of 78th Golden Globes Awards 2021 held from Los Angeles and New York City
The 78th Golden Globes Awards 2021 took place in a Hybrid Format on 28th February 2021. It was the first bi-
coastal ceremony, filmed from Los Angeles and New York City, United States of America(USA) hosted by Amy
Poehler from Beverly Hills, Los Angeles and Tina Fey from New York’s Rainbow Room.
The 78th Golden Globes Awards 2021 was produced by Dick Clark productions in association with the Hollywood
Foreign Press Association(HFPA).
Nominations:
• The nominees of the 2021 Golden Globe Award were disclosed by Sarah Jessica Parker, six-time Golden
Globe winner, and Taraji P. Henson, Golden Globe winner.
• For the first time the nominations were announced over a virtual platform due to the COVID-19 pandemic
restrictions.
2021 Golden Globe Ambassadors:
i.Satchel Lee and Jackson Lee, children of filmmakers and three-time Golden Globe Nominee Spike Lee and his wife
Tonya Lewis Lee, philanthropist.
ii.Jackson Lee is the first Black male ambassador of Golden Globes.
Key Points:
i.Nomadland by chinese Female director Chloé Zhao won the Best Pictures Drama and Chloé Zhao won the Best
Director Motion Picture. Chloe Zhao became the first Asian woman and only the 2nd woman to win the best
director award after Barbra Streisand who won the award for “Yentl.” in 1984.
ii.Nomadland became the first film directed by a female to win the award in this category.
Narendra Modi Received CERAWeek Global Energy and Environment Leadership Award at CERAWeek
Conference 2021
The 39th edition of annual CERAWeek Conference 2021 was held virtually for the first time from March 1-5, 2021
where Prime Minister (PM) Narendra Modi was conferred with CERAWeek Global Energy and Environment
Leadership Award. CERA stands for Cambridge Energy Research Associates (CERA).
PM Modi Addressed the Conference
Narendra Modi addressed the CERAWeek Conference where he highlighted the following points:
i.Target: India has set a target to boost the share of gas in its fuel mix to 15% from the current 6% by 2030.
ii.Major challenges: Climate change and calamities are major challenges which can be overcome by two ways viz.
policies, laws, rules and orders; and behavioural change.
iii.India’s forest cover and population of lions, tigers, leopards and waterfowls has been increased over the last seven
years.
iv.United States(US) is a major supplier of LNG (Liquefied Natural Gas) to India.
About the Award:
Instituted in 2016, the award recognizes the commitment of leadership on the future of global energy & environment
and for offering solutions and policies for energy access, affordability & environmental stewardship.
About CERAWeek Conference 2021:
Organized by IHS Markit, the sessions and themes of the conference were inspired by the new book titled ‘The New
Map: Energy, Climate and the Clash of Nations’. The book is written by IHS Markit Vice Chairman and CERAWeek
Chairman Daniel Yergin.
• It was organized after two years as the 2020 conference was cancelled due to COVID-19 pandemic.
• It should be noted that the Saudi Arabian Oil Company Saudi Aramco aims to create a world-scale hydrogen
business by 2030.
Key Themes:
Energy Transition Climate & ESG; The New Map of Geopolitics; Economic Recovery, Markets & Investment;
Innovation & Technology; and Workforce of the Future
Prominent Speakers:
US special presidential envoy for climate John Kerry; Co-chair of the Bill and Melinda Gates Foundation and founder
of Breakthrough Energy Bill Gates; and President and CEO, Saudi Aramco, Amin Nasser.
About CERAWeek:
Initiated in 1983 by Dr. Daniel Yergin, it has been organized annually in Houston, United States (US) in the month of
March. It is considered as the world’s premier annual energy platform.
• It is a gathering of energy industry leaders, experts, government officials and policy makers, leaders from the
technology, financial and industrial communities, and energy technology innovators.
Recent Related News:
i.On 12th February 2021, the Ministry of tribal Affairs won the Award of Appreciation under Project Category Award
in the 18th Computer Society of India (CSI) Special Interest Group on e-Governance(SIGe-Gov) Awards 2020 for its
Performance Dashboard Empowering Tribals Transforming India through various ICT initiatives.
ii.On 17th February 2021, the Wildlife Crime Control Bureau (WCCB), under the Ministry of Environment, Forests
and Climate Change(MoEF&CC), Government of India was selected as one of the winners of the 5th Asia
Environmental Enforcement Award, 2020 by the United Nations Environment Programme(UNEP).
About IHS Markit:
Board Chairman and Chief Executive Officer– Lance Uggla
Headquarter– London, United Kingdom (UK)
Tamilisai Soundararajan Honoured with the Top 20 Global Women of Excellence Award – 2021
On March 7th 2021, A Lieutenant Governor of Puducherry, Dr.
Tamilisai Soundararajan was conferred with the Top 20 Global
Women of Excellence award – 2021 through video conference from
USA. The award was presented by the USA on the recommendation of
a Multi Ethnic Advisory Task Force, headed by US Congressman
Danny K. Davis.
Note- Vice President of the USA Kamala Harris, was also one
among the recipients in the 9th Edition of Top 20 Global Women of
Excellence award.
i.The award was conferred, based on her contribution towards women’s rights, gender parity, women empowerment
and women equality.
ii.Dr. Tamilisai Soundararajan after receiving the award, made a call to the global arena for creating a Gender Equal
world & promote women in decision making at higher levels.
iii.Dr. Tamilisai Soundararajan holds the portfolio of Governor of Telangana & Lieutenant Governor of
Puducherry (Currently under President Rule).
iv.Governors of States are appointed based on the provision of Article 153.
Recent Related News:
President of India, Ram Nath Govind directed Dr. Kiran Bedi shall cease to hold (Removed) the office of the
Lieutenant-Governor (LG) of Puducherry. Appoints, Dr. Tamilisai Soundararajan, Governor of Telangana, was given
additional charge as LG of Puducherry.
About Puducherry:
Total Lok Sabha Seats – 1
Total Legislative Assembly Seats – 33
Chess Player Koneru Humpy Won 2nd Edition of BBC ISWOTY 2020
Padma Shri Koneru Humpy, a 33-year-old chess player from
Andhra Pradesh(AP) won the 2nd edition of the BBC Indian
Sportswoman of the year (BBC ISWOTY) 2020. The award was
given based on the public vote in which Koneru Humpy won
against sprinter Dutee Chand, airgun shooter Manu Bhaker,
wrestler Vinesh Phogat, and hockey captain Rani Rampal.
• Tim Davie, the director-general of BBC who hosted the
virtual award ceremony announced the winners of the
award.
Other Awards:
i.Lifetime Achievement Award – received by Anju Bobby George, the only Indian athlete to have won a world
ICAR Receives King Bhumibol World Soil Day 2020 Award by FAO
Indian Council of Agricultural Research (ICAR) received the King Bhumibol World Soil Day 2020 award for its
contribution towards creating awareness on the importance of healthy soils in line with the theme of World Soil Day
2019 – Stop Soil Erosion, Save our Future.
• The award was presented at the ceremony held in Bangkok, Thailand on 7th March 2021.
• On Behalf of ICAR, Suchitra Durai, Ambassador of India to the Kingdom of Thailand received the award from
H.E., Dr Chalermchai Srion, Minister of Agriculture and Cooperatives, Kingdom of Thailand.
Background:
i.The award was announced by the Food and Agriculture Organisation(FAO) of the United Nations(UN) in Rome on
4th December 2020, the eve of World Soil Day 2020.
ii.The ICAR-Indian Institute of Soil Science(IISS), Bhopal, Madhya Pradesh has organised a wide range of progress for
students, the farming community and the general public.
About King Bhumibol World Soil Day Award:
i.The award was instituted in 2018 by the Global soil partnership(GSP) supported by the Kingdom of Thailand.
ii.The award recognises the individuals or institutions that organise successful and impactful World Soil Day
Celebrations.
iii.The award comprises a medal, a USD 15,000 cheque, and a trip to Thailand.
About Indian Council of Agricultural Research(ICAR):
Director General- Dr. Trilochan Mohapatra
Headquarters- New Delhi
Sampada Shenvi
8 Char Panvala Ashiyent (Travelogue) Kunkoliekar Konkani
Odisha Forest Officer, Sasmita Lenka, Became First Indian to Receive UN’s 2020 Asia Environmental
Enforcement Award
Sasmita Lenka, Divisional Forest Officer, Athagarh Forest Division, Odisha received the United Nations’s 2020 Asia
Environmental Enforcement Awards under the category Impact and Gender Leadership. She became the first
Indian to receive the award.
The 2020 theme of the 5th edition Asia Environmental Enforcement Awards “Fighting Transboundary
Environmental Crimes”.
• Wildlife Crime Control Bureau of India won the award under Innovation category for initiating the
operation WILDNET-II to deter traders and to bring offenders to justice.
• The awards recognises the excellence in enforcement by government officials and institutions or teams
combating transboundary environmental crime.
• The award was presented by the United Nations Environment Programme (UNEP) in partnership
with UNDP, UNDOC, the secretariat of CITES, INTERPOL and World Customs Organization.2020 Winners of
5th Asia Environmental Enforcement Awards
63rd Annual GRAMMY Awards (2020): Taylor Swift, Billie Eilish Received Top Honours
On 14th March 2021, The 2021 GRAMMY Awards officially
known as the 63rd Annual GRAMMY Award (2020) was
presented over the hybrid ceremony. The award recognised the
recordings released between 1st September 2019 and 31st
August 2020. Trevor Noah, an award-winning comedian from
South Africa hosted the 63rd Annual Grammy Awards from
Staples Center in downtown Los Angeles, United States.
• The awards were presented under 83 categories and the
63rd Grammy Awards for Best Immersive Audio Album
will be announced next year in addition to the 64th
Grammy nominations.
Important awards at 63rd Grammy Awards:
i.American Singer and Songwriter Taylor Swift won the award for the Best Album of the year for her
album “Folklore”.
Renew Power,World’s 1st Clean Energy Company & 2nd Indian firm added to WEF Global Lighthouse Network
On March 16,2021 India’s leading Renewable energy company “ReNew Power,” one of the two Indian companies has
been named the Global Lighthouse Company by World Economic Forum(WEF).With this recognition, ReNew Power
becomes World’s first clean energy company to be recognised as a Lighthouse by World Economic Forum.
• WEF Global Lighthouse Network recognizes companies using new technologies to achieve environmentally
sustainable, community-supportive, profitable growth.
Reason of Recognition
i.ReNew’s Hubli facility was specifically nominated as a Global Lighthouse for its ground-breaking work in the
development and deployment of advanced analytics and machine learning solutions to increase the yield of ReNew’s
wind and solar assets.
ii. The technology deployment helped ReNew improve employee productivity by 31% and reduce downtime for its
assets by 31%, without incurring any additional capital expenditure.
First Indian company Recognised
• Tata Steel Kalinganagar (TSK) is the first Indian manufacturing plant was included in the WEF’s Global
Lighthouse Network in the year 2019.
WEF Global Lighthouse Network
It is a group of 69 factories that serve as a platform to develop, replicate, and scale innovations, creating opportunities
for cross-company learning and collaboration while setting new benchmarks for the global manufacturing
community.
World Economic Forum(WEF)
Headquarters – Cologny/Geneva, Switzerland
Executive Chairman – Klaus Schwab
ReNew Power
Chairman and Managing Director – Sumant Sinha
Headquarters – Gurgaon(Gurugram, Haryana)
Paris-based duo of Anne Lacaton and Jean-Philippe Vassal Wins the Pritzker Architecture Prize 2021
On 16th March 2021, French architects and educators Anne
Lacaton and Jean-Philippe Vassal were selected as the
laureates of the Pritzker Architecture Prize 2021, the highest
honour in the field of architecture. The award was announced
by Tom Pritzker, Chairman of The Hyatt Foundation. The Paris
based duo won the award for their various social housing
projects undertaken by their Paris based studio Lacaton &
Vassal.
• The selected works of Anne Lacaton and Jean-Philippe
Vassal includes Latapie House, Cap Ferret House, House
in Bordeaux, 53 Units of Low-Rise Apartments, Social Housing, Transformation of 100 Units, Tour Bois le
Prêtre, Social Housing (with Frédéric Druot), Site for Contemporary Creation, Phase 2, Palais de Tokyo and 129
Units, Ourcq-Jaurès Student and Social Housing.
Key Points:
i.Anne Lacaton became the first French female architect to win the prize and the 6th woman to receive the prize
since it was established in 1979.
ii.Anne Lacaton and Jean-Philippe Vassal became the first French recipient of the award since 2008 when Jean Nouvel
won the award.
iii.The first French person to win the award was Christian de Portzamparc, who won the award in 1994.
Govt conferred Gandhi Peace Prize 2020 to Sheikh Mujibur Rehman and for 2019 to Sultan Qaboos bin Said Al
Said
The Union government conferred Gandhi Peace Prize to the Late
Sultan Qaboos bin Said Al Said of Oman for the year 2019 and to
Bangabandhu Sheikh Mujibur Rahman, for the year 2020.
• The Jury of Gandhi Peace Prize is chaired by Prime Minister,
Narendra Modi
About Sultan Qaboos bin Said Al Said:
• The visionary leader of Oman who died in January 2020
was conferred with Gandhi peace prize, 2019 for
recognizing his outstanding contributions for social,
economic and political transformation through non-violent and other Gandhian methods and,
• His twin policy of moderation and mediation in addressing international issues.
• He had studied in India and also received the Jawaharlal Nehru Award for International Understanding in
2004.
About Sheikh Mujibur Rahman:
• He is the “Father of the Nation” of Bangladesh who is conferred with the Gandhi peace prize 2020 for
recognizing his close and fraternal relations between India and Bangladesh and, promoting peace and non-
violence in the Indian subcontinent.
• On 17th December 2020, Indian post has released a commemorative postage stamp on Sheikh Mujibur
Rahman.
• The Government of Bangladesh has declared the year 2020-21 as the Mujib Year
• He is popularly dubbed with the title of “Bangabandhu”.
The Jury of Gandhi Peace Prize:
• It is chaired by Prime Minister, Narendra Modi, and comprises two ex-officio members, namely the Chief
Justice of India and Leader of the single largest Opposition Party in Lok Sabha.
• Other Two members of the Jury were Shri Om Birla, Speaker of the Lok Sabha, and Shri Bindeshwar Pathak,
Founder of Sulabh International Social Service Organisation.
Recent Related News:
On November 13, 2020, 17-year-old Sadat Rahman from Bangladesh won the International Children’s Peace Prize
2020 for his involvement in setting up his social organization and creating the mobile application ‘Cyber Teens’ to
end cyberbullying. Nobel Peace Prize laureate Malala Yousafzai presented the award to Sadat Rahman, during a
ceremony in the Netherlands.
About Gandhi Peace Prize:
• The Government of India (GoI) launched the International Gandhi Peace Prize in 1995 on the occasion of the
125th birth anniversary of Gandhi.
• The award is open to all people regardless of nationality, race, language, caste, creed or sex.
• The award carries an amount of Rs 1 crore, a citation, a plaque and an exquisite traditional handicraft/
handloom item.
• 2018 awardee – Yohei Sasakawa, Goodwill Ambassador of the World Health Organization for Leprosy
Eradication
• Total awarded – 19
&
SALA BUDHAR BADLA
& · Producer: Eleeanora Images Pvt. Ltd.,
9 Best Odia Film Kalira Atita · Director: Nila Madhab Panda
· Producer: Vehli Janta Films,
10 Best Punjabi Film RAB DA RADIO 2 · Director: Sharandeep Singh
· Producer: V Creations,
11 Best Tamil Film ASURAN · Director: Vetri Maaran
· Producer: Sithara Entertainments
12 Best Telugu Film JERSEY · Director: Gowtam Tinnanuri
Best Feature Film in each of the languages other than those specified in Schedule VIII of the Constitution
Name of the
Award Title Awardee
S.No
Best
Chhattisgarhi Producer: Swapnil Film Productions
1 Film BHULAN THE MAZE Director: Manoj Verma
Best Haryanvi CHHORIYAN CHHORON Producer: Essel Vision Productions Limited & Satish
2 Film SE KAM NAHI HOTI Kaushik Entertainment, Director: Rajesh Amar Lal Babbar
6 Best Tulu Film PINGARA Producer: DMR Productions, Director: R Preetham Shetty
CULTURE FILM
BEST ARTS and CULTURE SHRIKSHETRARU-SAHIJATA
5 FILM (ODIA) Producer & Director : Ashutosh Pattnaik
14 BEST SHORT FICTION FILM CUSTODY (HINDI/ENGLISH) Producer & Director : Ambiecka Pandit
SHUT UP SONA
20 BEST EDITING (HINDI/ENGLISH) Editor : Arjun Gourisaria
HDFC Bank has adjudged the ‘India’s Best Bank for SMEs’ at the Asiamoney Best Bank Awards 2021
On March 25, 2021, HDFC Bank, was adjudged the ‘India’s Best Bank for Small and Medium Enterprises(SMEs)’ at
the Asiamoney Best Bank Awards 2021 of Asiamoney for the transformation of its Micro, Small and Medium
Enterprises (MSMEs) business.
HDFC Bank’s Contribution towards MSMEs:
• HDFC’s advances to MSMEs as of December 31, 2020, is about Rs2.02 trillion ($28 billion) which
is 38% higher than in 2019.
Hindi Writer Prof. Sharad Pagare Honoured with Vyas Samman 2020
Established Hindi writer Professor Sharad Pagare from Madhya Pradesh has been chosen as the recipient of the
prestigious Vyas Samman 2020 for his historic novel titled “Patliputru ki Samragi”.
The 2020 Vyas Samman is the 30th Vyas Samman presented by KK Birla Foundation.
The novel – “Patliputru ki Samragi” was printed in the year 2010.
ESAF SFB Awarded with ‘Great Place to Work’ by Great Place to Work Institute
On 23rd March, 2021, ESAF Small Finance Bank (SFB), was awarded with ‘Great Place to Work’ by Great Place to
Work Institute. The Award was presented after conducting a survey with the employees by the third-party global
authority.The Survey recognises the high-trust and performance culture at workplaces. It shows the bank’s
commitment and credibility amongst its employees.
ESAF SFB:MD & CEO – K Paul Thomas ; Headquarter – Thrissur,Kerala
Mahinder Giri, Range Officer of RTR Became the Only Asian to Win International Ranger Award
Ranger Mahinder Giri of Rajaji Tiger Reserve(RTR) became the
only ranger from Asia to win the prestigious New International
Ranger Award for his efforts towards reducing the human-
wildlife conflict in and around the RTR and his role in trigger
translocation exercise from Corbett Tiger Reserve to RTR.
• The award was announced for 10 professionals across
the globe by the International Union for Conservation of
Nature (IUCN) and World Commission on Protected Areas
(WCPA).
• Prakash Javadekar, Minister for Environment, Forests and
Climate Change has congratulated Mahinder Giri, for being the only ranger from Asia.
About the International Ranger Award:
i.The International Ranger Award was created by IUCN and WCPA in collaboration with International Ranger
Federation, Global Wildlife Conservation and Conservation Allies in 2020.
ii.The award recognises the extraordinary work of rangers in protected and conserved areas across the globe.
Award:
The award comprises a unique uniform patch along with USD 10000 for their associated organisation to support
their work.
About Mahinder Giri:
i.Mahinder Giri a resident of Haridwar, Uttarakhand, who joined as a forest guard at Motichur range on the
compensatory grounds.
ii.He was the first person of the tiger monitoring unit of western RTR.
NTPC got the ‘Role Model’ Award at the 11th CII National HR Excellence Award 2020-21
On March 18, 2021, National Thermal Power Corporation Limited(NTPC), a Public Sector Undertaking under the
Ministry of Power has been conferred with the ‘Role Model’ Award at the 11th Confederation of Indian Industry(CII)
National HR Excellence Award 2020-21.
i.NTPC is the only PSU to have received this prestigious award. The award was presented at the virtual conference
“Learn from the Achievers”. It is the highest level of recognition in the field of Human Resources by CII. This is the
second time when the award of Role Model has been conferred to any organization.
Indian Economist Ligia Noronha appointed Assistant SG & Head of UNEP NY Office
UN Chief Antonio Guterres has appointed Indian economist Ligia Noronha as Assistant Secretary-General (SG) and
Head of the New York(NY) Office of the United Nations Environment Programme (UNEP). She will succeed fellow
Indian and development economist Satya Tripathi. Ligia Noronha has previously worked as UNEP’s Economy Division
based in Nairobi, Kenya and has worked on several agendas like inclusive green economies, sustainable consumption
& production as well as on trade & sustainable finance.
NABARD’s Chairman G R Chintala Took Over as Chairman of APRACA; Succeeds DPK Gunasekera, CEO of Bank
of Ceylon
On 5th March 2021, GR Chintala, the Chairman of the National
Bank of Agriculture and Rural Development (NABARD) took
over as the Chairman of Asia Pacific Rural and Agricultural
Credit Association(APRACA). He succeeds DPK Gunasekera,
General Manager of Bank of Ceylon(BOC).
Note:
For the first time since 1999, India got the chairmanship of
APRACA.
APRACA’s meeting:
i.The 73rd Executive Committee (EXCOM) meeting and the
22nd General Assembly meeting of APRACA was held on 5th March 2021, over a virtual platform.
ii.The Regional Policy Forum of APRACA was held on 4th March 2021.
iii.D.P.K. Gunasekera chaired the Forum from 4th to 5th March 2021.
iv..Narendra Singh Tomar, Union Minister of Agriculture and farmers welfare delivered the keynote address at the
forum.
About GR Chintala:
i.GR Chintala has been serving as the chairman of NABARD since 27th may 2020.
Prior to his appointment as NABARD Chair, he served as the Managing Director of Bengaluru based NABFINS, a
subsidiary of NABARD.
ii.He has also served as the Vice President of Agri-Business Finance Limited, Hyderabad, Telangana and the Director
of Bankers Institute of Rural Development (BIRD), Lucknow, Uttar Pradesh.
About APRACA:
It is an international organisation which performs information exchange, takes capacity building initiatives and
creates new institutions.
Chairman- G R Chintala
Members– 24 member countries (87 members)
Headquarters– Bangkok, Thailand
Ajai Malhotra Became the 1st Indian Chairperson of the Advisory Committee of UNHRC
Ajai Malhotra has become the first Indian to be elected as the Chairperson of the Advisory Committee of the United
Nations Human Rights Council(UNHRC). His 3-year term on the committee will expire on 30th September 2023.
The Advisory Committee is a body of 18 independent experts serving as a think-tank to the United Nations Human
Rights Council.
• Ajai Malhotra was a member of Indian Foreign Service from 1977 till his retirement as an Ambassador of India
to Russian Federation on 30th November 2013.
• He has served as the Ambassador and Deputy Permanent Representative to the United Nations, New York
from 2005 to 2009.
Naureen Hassan appointed as the 1st VP & COO of Federal Bank of New York
The Board of Governors of the Federal Reserve System of United States, gave approval for the appointment
of Naureen Hassan, an Indian Origin, as the 1st Vice President (VP) & Chief Operating Officer (COO) of the
Federal Bank of New York. She will be holding the 2nd highest post (Vice President) with effect from 15th March,
2021. Most recently she served as the Chief Digital Officer for Morgan Stanley Wealth Management (MSWM). Her
work focuses primarily on digital and business process transformation.
Tirath Singh Rawat Sworn in as the New CM of Uttarakhand; Trivendra Singh Rawat resigned as CM
On 10th March 2021, Tirath Singh Rawat, Members of
Parliament (Lok Sabha), was sworn in as the 9th Chief
Minister(CM) of Uttarakhand following the resignation
of Trivendra Singh Rawat on 9th March 2021 following the
unease over his governance.The Oath Taking Ceremony is
administered by Governor, Baby Rani Maurya.
About Tirath Singh Rawat:
i.Tirath Singh Rawat was a former pracharak of the Rashtriya
Swayamseva Sangh (RSS).
ii.He was the first Education Minister of Uttarakhand when the state was formed in 2000.He was elected as the
secretary general of the BJP’s Uttarakhand Unit in 2007.
iii.He was elected to the state assembly in 2012 and served as the chief of the BJP unit of Uttarakhand from 2013 to
2015.He was also an MLA from the Chaubattakhal constituency from 2012 to 2017.
iv.In 2019, He was elected to the 17th Lok Sabha as a Member of Parliament (Lok Sabha) from Garhwal, Pauri
constituency.
Resignation of Trivendra singh Rawat:
i.Trivendra singh Rawat handed his resignation to Baby Rani Maurya, Governor of Uttarakhand.
India’s CAG Girish Chandra Murmu Re-appointed as Chairman of UN’s Panel of External Auditors
On March 09, 2021, 14th Comptroller and Auditor General
of India (CAG), Shri Girish Chandra Murmu was re-
appointed as the Chairman of the Panel of External
Auditors of the United Nations(UN) for the year 2021. He
was initially elected as Chairman of the Panel for 2020.
Roles and responsibilities of the Chairman:
To lead the panel to report and audit the accounts and
management operations of the UN and its specialised
agencies.
About G.C.Murmu:
i.G.C.Murmu was born on 21st November 1959 in Mayurbhanj District of Odisha.
ii.He is the 1985-batch Gujarat cadre Indian Administrative Service (IAS) officer.
iii.He was the first Lt Governor of Union Territory(UT) of Jammu and Kashmir in October 2019 after its formation
under the Jammu and Kashmir Reorganisation Act, 2019.
International Organisation for which he has been the External Auditor:
i.He has been on the UN Board of Auditors from 1993 to 1999 and 2014 to 2020
ii.Presently, he is the External Auditor of the United Nations’s Specialized Agencies like
• World Health Organization(WHO) (2020- 2023)
• Food and Agriculture Organization (FAO) (2020- 2025)
• Inter-Parliamentary Union (2020-2022)
iii.In the recent past, he has also been the External Auditor of
• World Food Programme(WFP)
World Economic Forum announced the 2021 Class of Young Global Leaders
On 10th March 2021, the World Economic Forum(WEF) released the list of 112 Young Global Leaders(YGL) 2021. 7
Indians (Shreevar Kheruka, Aditi Avasthi, Srikanth Bolla, Gazal Kalra, Ameya Prabhu, Hriday Ravindranath and Hitesh
Wadhwa) joined the Class 2021 of WEF’s Forum of Young Global Leaders.
Gist about Indians in YGF Class of 2021:
• Shreevar Kheruka, Managing Director, Borosil Ltd and member of the Young Presidents Organization (YPO)
as well as the Entrepreneur’s Organization (EO).
• Aditi Avasthi, Founder and Chief Executive Officer, Embibe, India’s EdTech AI platform
• Srikanth Bolla, Founder & Chief Executive Officer, Bollant Industries Pvt Ltd, recycled paper manufacturing
and ecofriendly packaging consumer product manufacturing company in India.
• Gazal Kalra, Co-founder, Rivigo, tech-logistics startup disrupting the large and unorganized industry.
World Bank Economist Deepak Mishra Appointed as Director & Chief Executive of ICRIER
On 13th March 2021, Deepak Mishra the lead Economist and
Practice Manager at the World Bank was appointed as the
new Director and Chief Executive of the Indian Council for
Research on International Economic Relations(ICRIER), the
economic think Tank of India.
Deepak Mishra will take over as the Director and Chief
Executive from Rajat Kathuria, who has been serving as the
Director and Chief Executive of ICRIER since 1st
September 2012.
About Deepak Mishra:
i.Deepak Mishra a native of Odisha has served as the World Bank’s Country economists of India based in Delhi from
2001 to 2004.
ii.He has worked closely with the government of India and also with other states like Andhra Pradesh, Bihar,
Karnataka, Maharashtra and Punjab.
iii.Prior to his appointment in the World Bank, he has worked at Tata Motors, Federal Reserve Bank and University of
Maryland.
iv.He has published various research , the journal of international economic national sessions.
About Indian Council for Research on International Economic Relations(ICRIER):
Chairman– Pramod Bhasin
Headquarters– New Delhi
NITI Aayog sets up 2 Task Forces to achieve Policy Certainty in Contract Enforcement, Dispute Resolution
NITI Aayog has constituted 2 Task Forces for recommending policy framework for enforcement of
contracts & effective conciliation mechanism.
i.The Task Force for Enforcement of contracts will be headed by Rajiv Kumar, Vice Chairman of NITI Aayog.
ii.The Task Force for Effective conciliation mechanism will be headed by Amitabh Kant, CEO of NITI Aayog.
Task Force on Enforcement of Contracts
Head
Rajiv Kumar, NITI Aayog Vice Chairman.
Mission
• To address risk perception in investment & achieve policy certainty.
Terms of Reference
• Constitutions & Operationalisation of adequate number of dedicated commercial courts with required
infrastructure in major towns/clusters at district level in all states to deal exclusively with commercial cases.
• Examination of relevant provisions of the Commercial Courts Act, 2015 on its jurisdiction over different
categories of cases.
• To examine the ‘pecuniary’ jurisdiction of commercial courts
Members
Secretary, Department of Economic Affairs (DEA); Secretary, Revenue; Secretary, Department of Commerce; Chief
Secretary (Maharashtra); Chief Secretary (Gujarat), Chief Secretary (Andhra Pradesh); Chief Secretary (Tamil Nadu);
Chief Secretary (Uttar Pradesh)
Time Duration
The taskforce will submit its report within 6 months of its constitution.
Task Force for Effective conciliation mechanism
Head
Amitabh Kant, CEO of Niti Aayog.
Mission
• To suggest facilitation of speedy resolution of contractual disputes between private entities & the government.
• Augment Ease of Doing Business.
Terms of Reference
• Developing & formulating guidelines for an effective conciliation mechanism, speedy settlement/resolution of
disputes arising out of contracts between Government Ministries & Private Contractor/concessionaire.
• To suggest policy, procedural and institutional measures on related matters of applicability, conciliation
process.
• It will also examine the relevant provisions of Arbitration and Conciliation Act, 1996.
Members
Secretary, DPIIT (Department for Promotion of Industry and Internal Trade); Secretary of DEA; Secretary of
Department of Legal Affairs; Chairman and CEO, Railway Board; Secretary, MoRTH (Ministry of Road Transport and
Highways); Secretary, Civil Aviation; Secretary, Power; Secretary, MNRE (Ministry of New and Renewable Energy);
Chairman, NHAI (National Highways Authority of India).
Time Duration
The task force will submit its report within 3 months of its constitution.
Task Force on Head Purpose
Rajiv Kumar, · To address risk perception in investment & achieve policy certainty.
Enforcement of NITI Aayog Vice · Examination of relevant provisions of the Commercial Courts Act,
Contracts Chairman 2015 on its jurisdiction over different categories of cases.
Effective Conciliation Amitabh Kant, CEO of · To suggest facilitation of speedy resolution of contractual disputes
mechanism NITI Aayog between private entities & the government.
Denis Sassou Nguesso, President of Republic of Congo Re-elected with 88% vote
On 23rd March 2021, Denis Sassou Nguesso(77 year old), President of Republic of Congo was re-elected as the
President with more than 88.57% of the vote. He has been the
President of Congo for the accumulated 36 years.
About Denis Sassou Nguesso:
i.Denis Sassou Nguesso, of the Congolese Labour Party (Parti
Congolais du Travail; PCT), first became the president in 1979.
ii.He later became the president in 1997 after losing the Congo’s
first multiparty election in 1992.
iii.He changed the constitution of Congo in 2015 and extended
the term limits which barred him from standing for a re-election
in 2016.
About Republic of Congo:
Capital- Brazzaville
Currency- Central African CFA franc
AYUSH Ministry Set Up Interdisciplinary Team chaired by H R Nagendra To Explore Potential Of Yoga
The ministry of AYUSH has set up an interdisciplinary team of experts to explore the potential of Yoga as a
productivity enhancing tool for the population. The Committee is Chaired by HR Nagendra, Chancellor of Swami
Vivekananda Yoga Anusandhana Samsthana.
• On 24th March 2021, the inception meeting of the committee was held over a virtual platform.
• Members of the committee include the representatives from AIIMS, New Delhi ; IIM Bangalore ; IIT Bombay ;
and other leading Yoga institutions, the corporate sector and the Ministry of AYUSH.
About the Committee:
i.The expert committee will submit the preliminary recommendation by May 2021.
ii.The committee recognised the global surge in the popularity of yoga in the past 5 years.
iii.According to the committee, the productivity dimension of yoga, its role in the workplace and its benefits to
employees to perform better are unexplored at a larger extent.
iv.The committee will systematically identify the various directions of the productivity dimension and develop
protocols along with the directions.
v.The committee will adopt a science and evidence based approach in finalising recommendations.
vi.National Productivity Council, New Delhi is also supporting the study. Various institutions from the private and
public sector are also associated for the study.
Importance of Yoga in Productivity:
With the increasing physical and mental pressures on the employees due to the COVID-19 pandemic, the productivity
dimension of yoga became an important aspect of the growth aspirations of India.
Recent Related News:
The Ministry of AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy) and Invest India will
collaborate to set up a strategic policy unit called “Strategic Policy & Facilitation Bureau (SPFB)” to facilitate planned
and systematic growth of Ayush Sector means SPFB Bureau will support the AYUSH ministry in strategic and policy
making initiatives.
Saurabh Garg Appointed as CEO of UIDAI; Sanjeev Kumar Appointed as Chairman of AAI
On 25th March 2021, as a part of the Bureaucratic reshuffle, the Appointment Committee of the Cabinet approved the
appointment of Saurabh Garg, as the Chief Executive Officer (CEO) of Unique Identification Authority of India
(UIDAI).Sanjeev Kumar appointed as Chairman of Airports Authority of India (AAI).
Saurabh Garg Appointed as CEO of UIDAI
• He succeeds Ajay Bhushan Pandey as the CEO of
UIDAI.
• Saurabh Garg, 1991 batch IAS officer from Odisha cadre
was serving in his cadre state Odisha.
• He has been appointed in the rank and pay of Additional
Secretary.
Sanjeev Kumar Appointed as Chairman of AAI
Sanjeev Kumar, a 1991 batch IAS officer of Maharashtra cadre
was appointed as the Chairman of Airports Authority of India
(AAI).
• He is appointed in the rank and pay of Additional Secretary.
• He has taken up the position which was served by Anuj Aggarwal as the Interim Chairman.Before Anuj
Agarwal appointment, Arvind Singh served as the Chairman of AAI.
Other appointments:
Atish Chandra, a 1994 batch IAS officer of Bihar cadre,the joint secretary of Department of Agriculture, Cooperation
and Farmers Welfare has been appointed as the Chairman and Managing Director of Food Corporation of
India(FCI) in the rank and pay of Additional Secretary.
Govt Extended the Term of K. VijayRaghavan as PSA for One Year Till April 2022
On March 25, 2021, The official order issued by the Department of Personnel and Training stated that the
government has extended the term of K. VijayRaghavan as Principal Scientific Advisor (PSA) for one more year.
• K. VijayRaghavan, 67, was appointed as PSA in 2018, after retiring as Secretary, Department of Biotechnology.
His contract ends on April 2 but has now been extended until April 2022.
• He was conferred with the Padma Shri award in 2013.
About The office of Principal Scientific Advisor(PSA):
• Establishment: The office of the PSA to the Government of India was established in November 1999 by the
cabinet secretariat.
• Aim: The office aims to provide pragmatic and objective advice to the prime minister and cabinet on matters
related to science, technology and innovation with a focus on the application of science and technology in
critical infrastructure, economic and social sectors in partnership with the government departments,
institutions and industry.
• The Office of the PSA has been among the key coordinating agencies with industry, research bodies, health and
science ministries after the pandemic to accelerate the development of diagnostics, drugs and vaccines.
• The PSA office also will be formulating the National Science Innovation and Technology Policy as well as the
forthcoming National Research Foundation.
RSBVL Acquired Majority Equity Stake in skyTran Inc for USD 26.76 Million
Reliance Strategic Business Ventures Limited (RSBVL), wholly owned subsidiary of Reliance Industries
Limited(RIL), has acquired additional equity shares in skyTran Inc., investee company of RIL for USD 26.76 Million
(around Rs.196 crore).
• With this acquisition, the shareholdings of RSBVL in skyTran has increased to 54.46% on a fully diluted basis.
• The law firms Covington & Burling LLP and Freshfields Bruckhaus Deringer US LLP acted as legal counsel and
IP counsel respectively to RIL.
Key Points:
i.The skyTran has developed a passive magnetic levitation and propulsion technology to implement personal
transportation systems to solve the issues of traffic congestion across the globe.
ii.This has been developed to create a smart mobility solution.
iii.The system consists of computer controlled passenger pods running on its state-of-the-art, patented Passive
Magnetic Levitation technology.
iii.This will also utilize cutting edge Information technology, Telecom and Internet of Things(IoT) and Advance
materials to transport passengers in a fast, safe, green and economical manner.
About Reliance Industries Limited(RIL):
CMD– Mukesh Ambani
Headquarters– Mumbai, Maharashtra.
Founded– 8 May 1973.
BPCL to Sell its 61.65% Stake in Numaligarh Refinery Ltd for Rs 9875.96 Crore
On 1nd March 2021, the board of Bharat Petroleum Corporation Limited (BPCL) approved to sell its 61.65% stake in
Numaligarh Refinery Ltd (NRL) to a consortium of Oil India, Engineers India Ltd (EIL) and Government of Assam
for Rs. 9875.96 crore.
• The proceeds from the stake sale will be used to buy out 36.62% Oman Oil Stakes in Bina refinery for Rs.
2,399.26 crore, pay capital gains tax and pay a special dividend to shareholders.
• BPCL is set to get the approval of the Shareholders at the meeting on 25th March 2021 and plans to sign the
sale agreement and conclude the transaction before the end of March.
• The Government is set to sell its entire stake (52.98%) in BPCL.
Indian Bank to divest its Stake in ASREC (India) for Asset Monetization
Indian Bank is all set to divest full or partial in joint venture entity ASREC (India) Ltd as part of asset monetisation.
This decision has been taken by the board of directors (BoDs) of the bank during a meeting held on March 5, 2021.
Currently, the bank holds a 38.26% stake in ASREC (India) Ltd.
• ASREC acquires non-performing assets (NPAs) from the banks/financial institutions at mutually agreed
prices to maximize the returns through innovative resolution strategies.
What is asset monetization?
Asset Monetization is the unlocking of the value of unutilized or underutilized public assets that are no longer used in
a company’s business operations.
• It should be noted that in Union Budget FY22, the Central Government pushed on asset monetization of central
public sector enterprises (CPSUs) to bring its fiscal deficit to below 4.5% of GDP (Gross Domestic Product) by
2025-26. India’s fiscal deficit for FY22 is pegged at 6.8% in 2021-22.
About ASREC (India):
ASREC is an asset reconstruction company in which Bank of India, Union Bank of India, LIC (Life Insurance
Corporation of India) and Deutsche Bank are the shareholders.
• In 2004, it received certificate of registration from Reserve Bank of India (RBI) to carry out activities under the
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act
2002.
BNP Paribas Cardif has sold a 4.99% stake in SBI Life Insurance
On March 12, 2021, The foreign partner of SBI Life Insurance, BNP Paribas Cardif (BNPPC), sold the major part of its
share in SBI Life through the open market process. Over 5 crore shares are sold which is around 4.99% stake.
• Post this selling, now BNPPC holds 0.20% stake representing 20,03,612 equity shares of SBI Life Insurance.
Share Distribution of SBI Life Insurance:
• SBI Life was incorporated as a joint venture between State Bank of India (SBI) and BNPPC as a 74:26 equity
ratio.
Past Transaction by BNPPC:
• In March 2019, BNPPC had sold 5 crore shares of the insurance company for Rs 2,889 crore & during the same
month, Carlyle Group had acquired a 9 per cent stake in the life insurer from BNP Paribas Cardif.
• In June 2019, BNP Paribas Cardif (BNPPC) had sold 2.5 crore shares in the insurer, equivalent to 2.5 per cent,
in an offer for sale process for Rs 1,702 crore.
• At the end of December 2020, SBI held a 55.50 per cent stake in the insurer and BNPPC 5.20 per cent.
About BNP Paribas Cardif(BNPPC):
Location – France
CEO -Renaud Dumora
About SBI Life Insurance:
Incorporated – October 2000 (Registered with IRDAI in March 2001)
Headquarters– Mumbai, Maharashtra
MD & CEO– Mahesh Kumar Sharma
Chairman – Dinesh Kumar Khara
Tech Mahindra Planned To Purchase 70% Stake From Perigord Asset Holdings Ltd
On March 15, 2021, Tech Mahindra announced its plan to acquire a 70 % stake in Ireland-based Perigord Asset
Holdings Ltd for around Rs 182 crore and plans to buy the remaining 30% shareholding over a period of 4 years at a
valuation of its financial performance.
The objective of the Acquisition:
• It is intended to help in augmenting its expertise in the domains of global pharmaceutical, and HLS (Healthcare
and Lifesciences).
• It is a part of Tech Mahindra’s long-term growth plan which is to make a presence across key markets in
Ireland, Germany, the USA, and India with enhanced global delivery.
About Perigord Asset Holdings Ltd:
• For the financial year ended December 31, 2020, Perigord had reported revenues of around Rs 170 crore.
• It is a platform with expertise in the artwork space and life sciences industry that desires to digitally transform
the world of Pharmaceutical packaging services
Adani Ports Acquired 31.5% In Gangavaram Port from Warburg Pincus for Rs. 1,954 Crore
On March 17, 2021, Adani Ports and Special Economic Zones (APSEZ) Ltd, a subsidiary of the diversified Adani Group
acquired a 31.5 % stake in Gangavaram Port Limited (GPL) which is held by Windy Lakeside Investment Limited (an
affiliate of Warburg Pincus) for around Rs 1,954 crore.
• The acquisition expands APSEZ’s market share to 30% across 12 locations in India
Key point:
• GPL has a paid-up equity share capital of 51.7 Cr shares of which 58.1 % is owned by DVS Raju and Family
(Promoter), 10.4 % by the Andhra Pradesh government, and 31.5% by Warburg Pincus.
• In which APSEZ is now acquiring the Warburg Pincus share and it is also under discussion with DVS Raju and
Family for their 58.1% stake.
About Gangavaram Port Limited(GPL):
• GPL is all-weather, deep water, the multi-purpose port which is located in the northern part of Andhra Pradesh
next to Vizag Port.
• It is the 2nd largest non-major port in Andhra Pradesh with a 64 Million Metric Tonnes (MMT) capacity
established under a concession from the Government of Andhra Pradesh (GoAP) that extends till 2059.
• It handles a diverse mix of dry and bulk commodities including Coal, Iron Ore, Fertilizer, Limestone, Bauxite,
Sugar, Alumina, and Steel. It is the gateway port for a hinterland spread over 8 states across India.
• It is capable of handling fully laden super-cape size vessels of up to 200,000 Dead Weight Tonnage(DWT).
About Adani Ports and Special Economic Zones (APSEZ) Ltd:
APSEZ – India’s largest private Ports & Logistics company
Headquarter – Gujarat, India
CEO – Karan Adani
Chairman – Gautam Adani
CCI approved Tata Power’s 51% stake acquisition in NESCO Utility from GRIDCO
On March 18, 2021, The Competition Commission of India (CCI) approved the acquisition of 51% of the equity share
capital of North Eastern Electricity Supply Company of Odisha (NESCO Utility) by The Tata Power Company
Limited (TPCL) from Grid Corporation of Odisha Limited (GRIDCO) under Section 31(1) of the Competition Act,
2002,
• The proposed acquisition is in accordance with the competitive bidding process initiated by the Odisha
Electricity Regulatory Commission (“OERC”) under Section 20 of the Electricity Act, 2003.
PowerGrid acquired the Outstanding 74% stake in JPVL from Jaypee Powergrid
On March 19,2021 Power Grid Corporation of India(Powergrid) has signed an agreement with Jaiprakash Power
Ventures (JPVL) for the acquisition of the outstanding 74% stake of JPVL in Jaypee PowerGrid(JPL) at an aggregate
consideration of Rs 351.64 crore.
• Powergrid has already owned a 26% stake in JPVL and now through this acquisition, it became a wholly-
owned subsidiary of Power Grid.
• JPL has developed a 214-kilometer-long EHV power transmission project to evacuate power from the
Karcham-Wangtoo project in Himachal Pradesh.
• The power transmitted is slated for distribution and consumption in Himachal Pradesh, Haryana, Punjab, Uttar
Pradesh, and Rajasthan.
About Power Grid Corporation of India Limited (POWERGRID):
Establishment – 23rd October 1989
Headquarters – Gurgaon, Haryana
Chairman & Managing Director – K. Sreekant
About Jaypee Powergrid Limited (JPL):
It is a joint venture company set up between Jaiprakash Power Ventures Limited (JPVL) and Power Grid Corporation
of India Limited (PGCIL)
Establishment – April 2012
Company Location– New Delhi
Chairman– Shri I.S. Jha(Part-time)
Govt fully exited TCL by selling its outstanding 26.12% stake in it for Rs 8,846 crore
On March 22, 2021, The department of investment and public asset management (DIPAM) reported that the
government has fully exited from Tata Communications Ltd (TCL), a part of the Tata Group, through the sale of its
outstanding 26.12% stake in it for ₹8,846 crores.
• The exit from TCL helps the government to get closer to the revised disinvestment target for FY21.
Disinvestment Targets for FY22 is about ₹1.75 trillion.
Disinvestment target of the Government:
• The Union finance ministry had slashed its disinvestment target for FY21, from ₹2.1 trillion to ₹32,000
crores because of the disruptions caused by COVID-19.
• With the addition of Rs 8,846 crore from the sale of its stake in TCL, the government has gathered ₹31,006
crores so far.
• In order to achieve the ambitious disinvestment target for FY22, the government is under the process of
privatizing Bharat Petroleum Corporation Ltd (BPCL) and Air India, and the initial public offering (IPO) of Life
Insurance Corporation of India.
Proceeds of the sale in TCL:
• The government exits from TCL with total proceeds of about ₹8,846 cr through disinvestment of 16.12% in
TCL through OFS (offer for sale) at ₹5,457 crores and 10% to a strategic partner at OFS discovered price for
₹3,389 crores.
Adani Ports Acquired 58.1% in Gangavaram Port for Rs. 3,604 Crore
On March 23, 2021, Adani Ports and Special Economic Zones (APSEZ) Ltd, a subsidiary of the diversified Adani Group
acquired a 58.1% stake in Gangavaram Port Limited (GPL) belongs to DVS Raju & Family for around Rs 3,604 crore.
Background:
• On March 3, 2021, Adani port made an agreement to acquire 89.6% of GPL i.e. (31.5% from Warburg Pincus
and 58.1% from DVS Raju & Family)
• As per the agreement it acquired the 31.5% stake from Warburg Pincus on March 17, 2021.
• GPL has a paid-up equity share capital of 51.7 Cr shares of which 58.1 % is owned by DVS Raju and Family
(Promoter), 10.4 % by the Andhra Pradesh government, and 31.5% by Warburg Pincus.
Purpose of the Acquisition:
• The acquisition is in line with the Company’s strategy of East Coast to West Coast parity(Pan-India cargo
presence).
• It will provide access to growth from new hinterland markets as it has coverage in resource-rich and industrial
belt in Eastern, Central & Southern India.
About Gangavaram Port Limited(GPL):
• GPL is all-weather, deep water, the multi-purpose port which is located in the northern part of Andhra Pradesh
next to Vizag Port.
About Ports in India:
• India has a coastline spanning 6 kilometres, forming one of the biggest peninsulas in the world.
• According to the Ministry of Ports, Shipping and Waterways, around 95 per cent of India’s trading by volume
and 70 per cent by value is done through maritime transport.
• It is serviced by 13 major ports (12 Government-owned and one private) and 187 notified minor and
intermediate ports.
NSE bought 26% stake in IGX from IEX and became its co-promoter
The Indian Energy Exchange (IEX) has divested 26% of its equity holding in the Indian Gas Exchange (IGX) to
National Stock Exchange of India (NSE).
Key points:
• After this NSE became a co-promoter and the second largest shareholder on the IGX gas-trading platform
• IEX, which set up the IGX natural gas trading hub, had earlier sold 5% stake each to GAIL (India), Adani Total
Gas, and Torrent Gas, and Oil and Natural Gas Corporation Limited (ONGC).
• After the latest sale, IEX now has 54 % shareholding in IGX. This makes NSE and IEX the two promoters and
the rest equity shareholders in the platform.
Adani Green Energy Buys 50 MW Telangana Solar Power Project from SkyPower Global
Adani Green Energy Limited (AGEL) acquired 100% stake in 50 MW Telangana Solar Power Project, from
SkyPower Global. In this regard, AGEL has signed a share purchase agreement with SkyPower Global.
i.50 MW Telangana Solar Power Project, was commissioned in Oct 2017 and has a long-term Power Purchase
Agreement (PPA) with the Southern Power Distribution Company of Telangana.
ii.With this acquisition, AGEL will raise its operating renewable capacity to 3,395 MW with a total renewable portfolio
of 14,865 MW including under-construction and awarded projects.
Note – Target of AGEL – 25 GW by 2025 to become the largest renewable energy company in the world.
AGEL– MD & CEO – Vneet S.Jaain; Headquarter – Ahmedabad, Gujarat.
SkyPower Global – Founder, President and Chief Executive Officer – Kerry Adler; Headquarter – Toronto, Canada
Indian School students discover 18 New Asteroids under International Asteroid Discovery Project
The International Astronomical Union (IAU) confirmed the discovery of 18 new Asteroids by Indian students as part
of the International Asteroid Discovery Project conducted
by STEM & Space, an organization which works towards
learning of astronomy and space science in India.
• The programme was conducted by STEM & Space along
with International Astronomical Search Collaboration
(IASC) as part of NASA (National Aeronautics and
Space Administration) Citizen Science project.
• The discovery project took place over a period of 2
years and around 150 students from all over India
participated in the programme making it the largest asteroid discovery project in India.
• Students discovered Asteroids from High quality astronomical data provided by IASC to discover Asteroids &
Near Earth Objects (NEO).
• NEOs are rocky objects found in the orbit between Mars & Jupiter.
About STEM & Space:
Chief Scientific Officer – Dr Mila Mitra
Headquarters – New Delhi
ISRO’s SEED program to help Indian space tech startups use agency’s resources, facilities
Indian Space Research Organisation(ISRO) is on formulating an exclusive space startup programme “Space
Entrepreneurship & Enterprise Development (SEED)” to take startups in the space sector to a higher orbit with a
string of initiatives to help them realise their business potential.
o SEED is conceived as a competitive early stage encouragement programme to startups and MSMEs (Micro,
Small, Medium Enterprises) keen on developing products/services in focus areas of interest to ISRO with the
space agency helping them to use its facilities
ISRO develops ‘NISAR’ for Joint Earth Observation Satellite mission with NASA
Indian Space Research Organisation (ISRO) has completed the
development of an Synthetic Aperture Radar (SAR) called ‘NISAR’
(NASA-ISRO SAR) which is capable of producing high-resolution
images. It will be used for the Joint Earth Observation Satellite
Mission of ISRO & NASA (National Aeronautics & Space
Administration), USA.
• The Radar penetrates clouds & darkness enabling NISAR to
produce high quality images round the clock in any
weather.
• NISAR is the 1st satellite mission to use 2 different radar frequencies (L-band & S-band) to measure changes in
our planet’s surface.
• The agreement for developing ‘NISAR’ was signed between NASA & ISRO in 2014.
NISAR – Earth Observation Mission
The Earth Observation Mission is targeted to be launched in early 2022 from ISRO’s Sriharikota spaceport, Andhra
Pradesh.
Purpose of the Mission
To measure Earth’s changing ecosystems, dynamic surfaces & ice masses, providing information about biomass,
natural hazards, sea level rise & groundwater.
Mission
i.It will help in better understanding of causes & consequences of land surface changes, and to increase our ability for
coping with global change.
ii.NISAR will observe Earth’s land and ice-covered surfaces globally with 12-day regularity on ascending and
descending passes, sampling Earth on average every six days for a baseline three-year mission.
iii.NISAR uses a sophisticated information-processing technique known as SAR to produce extremely high-resolution
images. Radar penetrates clouds and darkness, enabling NISAR to collect data day and night in any weather.
iv.The instrument’s imaging swath the width of the strip of data collected along the length of the orbit track is greater
than 150 miles (240km), which allows it to image the entire Earth in 12 days.
v.As the mission continues for years, the data will allow for better understanding of the causes and consequences of
land surface changes, increasing our ability to manage resources and prepare for and cope with global change.
vi.NASA requires a minimum of three years of global science operations with the L-band radar, and ISRO requires five
years of operations with the S-band radar over specified target areas in India and the Southern Ocean.
Recent Developments
• NASA is providing the mission’s L-band SAR while ISRO provides the Spacecraft bus, the S-band radar
• On March 4, 2021, The S-band SAR payload of NISAR satellite mission was shipped from ISRO’s Space
Application Centre (SAC), Ahmedabad to NASA’s Jet Propulsion Laboratory (JPL) at Pasadena, USA for
integration with L-band SAR payload developed by NASA.
Recent Related News:
i.NASA has chosen ‘India Sat’, an indigenous experimental satellite developed by 3 students from Tamil Nadu for
launch in suborbital space in June, next on NASA’s sounding rocket 7.
About National Aeronautics & Space Administration (NASA):
Acting Administrator – Steve Jurczyk
Headquarters – Washington DC., USA
JPMorgan & GomSpace successfully test World’s First Bank-led Blockchain Transaction in Space
Denmark based GomSpace and US-based JPMorgan Chase & Co have successfully tested the World’s First Bank-led
tokenized value Transaction in Space (IOD – in-orbit demonstration) using Danish space firm GomSpace’s GOMX-4
Satellites. The Transactions were executive through smart contracts on a blockchain network, established between
satellites orbiting the earth.
Outcomes
• The successful test would enable a peer-to-peer DvP (‘data versus payment’) satellite marketplace in the long
term.
• It will also allow data transfers between satellites against payments.
Nokia partners with Microsoft, Amazon Web Services & Google to develop a cloud-based 5G radio solutions
On 15th March 2021, Finnish telecom manufacturer, ‘Nokia’ announced partnership with Microsoft, Amazon Web
Service and Google to develop a new cloud-based 5G radio solution with Nokia’s Radio Access Network (RAN)
Technology. Nokia’s 5G RAN will be developed with high level innovative inputs from Google’s Cloud Anthos
platform, Microsoft Azure & Amazon Elastic Compute Cloud (Amazon EC2), Amazon Elastic Kubernetes Service
(Amazon EKS) and AWS Local Zones.
Data Patterns delivers ‘Indigenous Checkout system’ to ISRO for its ‘Gaganyaan’ Mission
On March 17, 2021, Data Patterns India Pvt Ltd handed over the Indigenously developed ‘Checkout System’ to the
Indian Space Research Organisation (ISRO) for its ‘Gaganyaan’ Mission (India’s 1st Human Space Flight Programme)
at Chennai.
ISRO demonstrates Quantum Communication over a distance of 300 Metres for the 1st Time
For the 1st time in India, Indian Space Research Organisation (ISRO) successfully demonstrated free-space Quantum
Communication over a distance of 300 Metres. The free-space QKD (Quantum Key Distribution) was demonstrated
at Space Applications Centre (SAC), Ahmedabad, Gujarat.
• It is a major milestone achievement for unconditionally secured satellite data communication using
quantum technologies.
• Technology – QKD is the technology behind Quantum Communication Technology.
• A number of indigenously developed technologies such as NAVIC (Navigation with Indian Constellation)
receivers were used for the demonstration.
Benefits
• Quantum Cryptography is based on the laws of Quantum Physics will be easier than conventional
cryptosystems used for data-encryption rely on the complexity of mathematical algorithms.
• It is considered ‘Future-proof’ since no future advancements in computational power can break quantum-
cryptosystems.
Future Goal
• The demonstration is a major breakthrough towards ISRO’s goal of demonstrating Satellite-Based Quantum
Communication (SBQC).
• In the next step, ISRO plans to demonstrate the technology between 2 Indian ground stations.
Recent Related News:
i.January 20, 2021, MeitY has partnered with Amazon Web Services (AWS) to set up a Quantum Computing
Applications Lab in the Country. The lab will be the World’s 1st Quantum Computing Applications Lab to support a
National Government’s Mission.
About Space Applications Centre (SAC):
It is an institution of research under ISRO.Late Dr. Vikram Sarabhai established the India’s first Experimental Satellite
Cochin Shipyard Ltd delivers ‘MV Sindhu’ Passenger-cum-Cargo Vessel to A&N Island Administration
Cochin Shipyard Ltd (CSL) delivered the indigenously built ‘MV Sindhu’, a 150 MT Cargo Vessel to the Andaman &
Nicobar (A&N) Island Administration.
Specification of MV Sindhu:
• It is capable of carrying 500 passengers and can cruise at
16 Knots.
• CSL will also provide full life cycle support for the Ship’s
efficient operation.
• The ship is part of Government’s plans to add new ships to
the transportation fleet for improving the
connectivity between the mainland and the islands.
• The basic design of the vessel was developed by Knud E Hansen, An Denmark based Naval Architect company
in collaboration with Smart Engineering and Design Solution, Kochi.
• MV Sindhu is part of a series of Four Passenger vessels comprising 2 Numbers of 500 Pax (Pax – Total
occupants of a ship) & 2 Numbers of 1, 200 Pax at a total order value of ~ INR 1, 400 crores under the ‘Make in
India’.
• The 2nd 500 Pax Vessel is under advanced stage of construction and is expected to join the fleet in 2021.
Reason for the Launch:
The plan is part of a larger strategy to develop infrastructure in Andaman and Nicobar Islands with state-run National
Highways and Infrastructure Development Corp. Ltd (NHIDCL) been tasked with building bridges and roads at an
investment of around Rs 3,000 crore.
About Andaman & Nicobar Island Administration:
Lieutenant Governor – D K Joshi
Capital – Port Blair
About Cochin Shipyard Ltd:
Chairman & Managing Director – Madhu S Nair
Location – Cochin, Kerala
DEFENCE
EXERCISE
IAF to participate in Multinational Air Exercise ‘Desert Flag VI’ in UAE for the 1st time
For the First Time, Indian Air Force (IAF) is participating in the Annual Multinational Large force employment
warfare exercise ‘Desert Flag VI’ held at the Al-Dhafra Air Base, United Arab Emirates. The exercise is hosted by the
United Arab Emirates (UAE) Air Force from March 3-27, 2021.
• It is the 1st time that IAF is participating in a multilateral exercise in the Gulf Region.
• Participating Countries – Bahrain, France, Saudi Arabia, South Korea and USA.
• Observers – Greece, Jordan, Kuwait & Egypt.
Objective of the Exercise
• To provide operational exposure to Participating forces
• Training the forces to undertake Simulated Air Combat operations in a controlled environment.
Assets representing IAF
The IAF is participating in the exercise with
• 6 – Su-30 MKI Multirole Combat Fighter Jets
• 2 – C-17 Globemaster III military airlift Aircrafts
• 1 – Ilyushin IL-78 Tanker Aircraft (aerial refueling tanker)
Fourth Multilateral exercise in the last 5 years
IAF is participating in such a multilateral exercise for the 4th time in the last 5 years.
Other Multilateral exercises
• American ‘Red Flag’ – 2016
• Israeli ‘Blue Flag’ – 2017
• Australian ‘Pitch Black’ wargames – 2018
Export of BrahMos & Akash Missiles
At present, India is holding discussions for exporting BrahMos Supersonic Cruise Missiles (Strike range of 290 Kms) &
Akash Air Defence Missiles (range of 25 kms) to UAE & Saudi Arabia.
Recent Related News:
i.Indian Air Force (IAF) and French Air and Space Force (FASF) participated in the 1st Edition of Bilateral Air Exercise
‘Exercise Desert Knight-21 (Ex DK-21)’ held at Air Force Station, Jodhpur for 5 days from January 20-24, 2021.
About United Arab Emirates (UAE):
Capital– Abu Dhabi
Currency– United Arab Emirates dirham
About Indian Air Force (IAF):
Chief of the Air Staff – Rakesh Kumar Singh Bhadauria
Headquarters – New Delhi
India, Uzbekistan armies conduct Military Exercise ‘DUSTLIK II’ in Ranikhet, Uttarakhand
The 2nd Edition of Annual Bilateral Joint Military Exercise
‘DUSTLIK-II’ between the Indian Army & Uzbekistan Army is
being held from March 10-19, 2021 at Chaubatia, near
Ranikhet, Uttarakhand. The exercise focused on Counter
Insurgency (CI) & Counter-Terrorism (CT) skills of both sides.
• From the Indian side, 13 Kumaon regiment (also called
Rezang La Battalion) was nominated for the exercise.
• 45 Soldiers each from the Indian & Uzbekistan Army
had participated in the exercise which will recreate a
Kashmir-like counter-terror operation.
• The 1st Edition of ‘Dustlik-I’ was hosted by Uzbekistan in Chirchiq Training Area near Tashkent from
November 4-13, 2019.
Objective
• To share Expertise & skills in counter-terrorist operations in mountainous/rural/urban scenario under United
Nations (UN) mandate.
• To boost the military & diplomatic ties between the two countries.
• Focus on people-centric intelligence-based surgical operations, utilizing technological advancements to
minimize collateral damage.
Drills to be carried out
• The army will showcase the use of force multipliers such as helicopters, Special Forces, specialist equipment &
the establishment of an automated surveillance grid for situation awareness.
• Indian Contingent had also representatives from Para Special Forces, Signal & Engineers in addition to an
Interpreter.
• The exercise will end with a 36 hours Joint Validation Exercise. It will be a testbed for soldiers of both armies
as they will undergo challenges of actual operations in a simulated environment.
Turkmenistan Special Forces
• The Indian Army commenced training to the Turkmenistan Special Forces at its Special Forces Training School
(SFTS) at Nahan, Himachal Pradesh.
• It is aimed at enhancing the capabilities of Turkmenistan Special Forces.
Recent Related News:
i.On December 11, 2020, the first bilateral virtual summit between India and Uzbekistan was co-chaired by Prime
Minister (PM) Narendra Modi and President of the Republic of Uzbekistan Shavkat Miromonovich Mirziyoyev to
discuss the entire gamut of the bilateral relationship, including strengthening India-Uzbekistan cooperation in the
post- COVID-19 world between both nations.
India-Bahrain Navies undertake ‘PASSEX’ in the Persian Gulf under Operation Sankalp
On March 17, 2021, the Indian Navy & Royal Bahrain Naval Force
(RBNF) undertook Passage Exercise (PASSEX) in the Persian Gulf
under Operation Sankalp. From India’s side ‘INS Talwar’
Warship took place in the exercise, while the RBNF was
represented by the Corvette ‘Al Muharraq’.
• Aim – To enhance interoperability, strengthen Maritime
cooperation, Reassure safety of Diaspora.
• The ‘PASSEX’ highlights the partnership between the two
countries to meet emerging maritime challenges.
• The exercise was carried out by India in pursuance of its commitment towards ensuring the safety of Indian-
flagged merchant vessels in the Gulf region.
Operation Sankalp
• It was initiated by the Indian Government in June 2019 for ensuring the Safety of Indian Merchant ships
through the Strait of Hormuz (between the Persian Gulf and the Gulf of Oman).
• The operation is being carried out in close coordination with tall stakeholders including the Ministry of
Defence, Ministry of External Affairs, Ministry of Shipping and Ministry of Petroleum and Natural Gas.
Note – PASSEXs are conducted regularly by the Indian Navy with units of friendly foreign navies, whilst visiting each
other’s ports or during a rendezvous at sea.
Recent Related News:
i.On February 4, 2021, India & the Kingdom of Bahrain held the 1st Joint Working Group Meeting 2021 in the field of
Renewable Energy (RE) in a virtual format.
About Bahrain:
Crown Prince & Prime Minister – Prince Salman bin Hamad Al Khalifa
Capital – Manama
Currency – Bahraini Dinar (BHD)
India, Pakistan, China to take part in Joint Anti-Terrorism Exercise ‘Pabbi Antiterror’ in 2021: 36th Council
meeting of RATS SCO
India, Pakistan, China & other members of the Shanghai
Cooperation Organisation (SCO) will take part in a Joint Anti-
Terrorism Exercise called ‘Pabbi-Antiterror-2021’ scheduled
to take place in 2021. The decision to hold a Joint Anti-
Terrorism exercise was taken during the 36th meeting of the
Council of RATS (Regional Anti-Terrorist Structure) of SCO
held in Tashkent, Uzbekistan on March 18, 2021.
• RATS, headquartered in Tashkent is a permanent organ
of SCO which aims to promote cooperation among 8-
members of SCO against Terrorism, Separatism &
Extremism.
Highlights of the Meeting
• The participants approved the draft program of cooperation for 2022-2024 to counter-terrorism, separatism &
extremism.
• They also agreed to improve cooperation for identifying and suppressing channels that finance terrorist
activities.
• The next meeting of RATS SCO will be held in September 2021 in Uzbekistan.
India, Madagascar conduct 1st ever Joint Naval Patrolling & ‘PASSEX’
On March 24, 2021, the 1st ever Joint Naval Patrol took place between the navies of India & Madagascar at
Madagascar’s Exclusive Economic Zone (EEZ). They also conducted a Passage Exercise (PASSEX).
Objective – To ensure maritime security in the Indian Ocean Region (IOR).
Participating assets
• From the Indian side INS Shardul, an amphibious warfare vessel participated in the Defence Exercise;From
Madagascar’s side, Malagasy Naval Ship ‘Trozona’ took part.
Key Points
• With this, India is seeking to expand its defence footprints in Western Indian Ocean.
• The exercise reflects the growing defence ties between the two countries.
• INS Shardul arrived at the port of Antsiranana, Madagascar on March 21, 2021 for Overseas Deployment of a
training squadron headed by Captain Aftab Ahmed Khan.
India & Bangladesh conduct PASSEX
On March 11, 2021, The PASSEX exercise between India & Bangladesh was conducted at the end of the 3-day visit by
Indian Navy vessels to the Mongla port in Bangladesh.
• It is the 1st time that any Indian Naval Ship visited the port of Mongla in Bangladesh.
• Objective – To enhance interoperability & maritime cooperation
• The visit by Indian vessels was part of the 50th anniversary celebrations of Bangladesh’s Independence.
Participating vessels
• India – Offshore Patrol Vessel (OPV) INS Sumedha & INS Kulish
• Bangladesh – BNS Ali Haider & OPV BNS Karatoa
Swarnim Vijay Varsh
India is currently celebrating ‘Swarnim Vijay Varsh’ – the Golden Jubilee (50th Year) of its victory over Pakistan in
the 1971 war which led to the creation of Bangladesh.
Recent Related News:
i.December 7, 2020, On the occasion of Indian Navy Day, a two-day long PASSEX 2020 between Russian Federation
Navy (RuFN) and Indian Navy (IN) was held from 4 to 5 December 2020 in the Eastern Indian Ocean Region (IOR).
About Madagascar:
President – Andry Rajoelina
Capital – Antananarivo
Currency – Malagasy Ariary (MGA)
DEALS
Indian Navy Signed a Contract with ‘Suryadipta Projects’ for Constructing 11 ACTCM Barges
On March 5th, 2021 the Indian Navy signed a contract for the construction of 11 Ammunition-Cum-Torpedo-
Cum-Missile (ACTCM) barges, with Thane based MSME Suryadipta Projects Private Limited. The MSME will start
delivering the barges from 22nd May, 2021. Assigning of this project to a Micro, Small and Medium Enterprises
(MSME) marks another milestone to Indian Government’s Atma Nirbhar Bharat and Make in India initiative.
i.Indian Navy will induct the ACTCM barges to undertake its mission needs for embarking & disembarking
Ammunition, Torpedo & Missile etc.
ii.These barges will be built under the Classification Rules of Indian Register of Shipping (IRS).
About Ministry of Micro, Small and Medium Enterprises:
Union Minister – Nitin Gadkari (Constituency – Nagpur, Maharashtra)
Minister of State – Pratap Chandra Sarangi (Constituency – Balasore, Odisha)
About Indian Navy:
Commander-in-Chief – President Ram Nath Kovind
Chief of the Naval Staff (CNS) – Admiral Karambir Singh
Motto – “Sham no Varunah”
Chhatrapati Shivaji Maharaj is known as the “Father of Indian Navy”.
TESTING
DRDO successfully tests Solid Fuel Ducted Ramjet technology; GRSE keel laid 3rd Stealth Frigate
On March 5, 2021, the Defence Research and Development Organisation (DRDO) successfully conducted the flight
demonstration of Solid Fuel Ducted Ramjet (SFDR) technology from Integrated Test Range (ITR) Chandipur in
Balasore, Odisha.
• This test not only proved the performance of SFDR and its subsystems including the booster motor and nozzle-
less motor but also showed the capabilities of many new technologies.
• With this test, DRDO achieved a technological advantage of developing long range air-to-air missiles (AAMs)
with SFDR.
About SFDR Demonstration:
i.During the test, the air-launch scenario was simulated using a booster motor. Subsequently, the nozzle-less booster
accelerated it to the required Mach number for Ramjet operation.
INS Karanj, India’s 3rd Scorpene Class Submarine Commissioned at Naval Dockyard, Mumbai
On 10th March 2021, the Indian Naval Ship(INS) Karanj,
India’s 3rd Scorpene class submarine was commissioned
into the India Navy at the Naval Dockyard, Mumbai,
Maharashtra. The Ship was commissioned in the presence of
Chief of Naval Staff Admiral Karambir Singh and Navy Chief
Admiral (Retired) VS Shekhawat, the commanding officer of
earlier INS Karanj (1971 Indo Pak War).
• The INS Karanj, a class of diesel-electric attack
submarines designed by the Naval Group of France,
was constructed at the Mazagon Dock Shipbuilders
Limited under the Make in Indian Program.
Additional Info:
i.A total of 6 Scorpene submarines are built under Project 75, The Indian Navy has previously inducted 2 scorpene
Class submarines namely, INS Kalvari (December 2017) and INS Khanderi (September 2019) from the Naval
Dockyard, Mumbai.
ii.The trials of Vela (May 2019) and Vagir (November 2020) are underway and the construction of the 6th
submarine Vagsheer is in progress.
iii.All the 6 submarines, with the same capabilities, will be deployed for different roles like
• Guarding strategic points in the sea.
• Laying mines.
• Gathering intelligence.
• Dropping marine commandos.
• Engaging with enemy ships when required.
India commissions ‘INS Dhruv’ Nuclear Missile Tracking Vessel; Becomes 5th Country in the World
India commissioned its Ocean Surveillance & Nuclear Missile Tracking Vessel called ‘INS Dhruv’ (codenamed as VC
11184), with this it became the 5th Country after USA, France, Russia & China to possess such a Tracking vessel. It
was constructed at Hindustan Shipyard Ltd, Visakhapatnam under the Make in India initiative at an ~ cost of INR
725 Crore.
• It is one of the Largest Warships to be built at an Indian Yard.
• It was originally commissioned into the Indian Navy in a secret manner in October 2020.
Developed by
• Joint Crew of National Technical Research Organisation (NTRO), the Defence Research and Development
Organisation (DRDO) and the Indian Navy.
• It will also be operated by NTRO, DRDO and the Indian Navy.
Purpose
• To monitor missile launches at long distances
• To monitor the telemetry data of Strategic missile launched by India during Trials
• Detecting the launch of missiles by adversary countries
• It will monitor the Indian Ocean bed
Key Points
• It has a displacement of 15, 000 Tonnes.
• It will also help in increasing the effectiveness of the Indian Ballistic Missile Defence Programme
• Apart from tracking missiles & satellites, it can also gather electronic intelligence.
• The vessel will have a crew of 300 personnel & a single helicopter. It will also have a special team from NTRO
on board.
National Technical Research Organisation (NTRO)
• It is a technical intelligence agency under the National Security Advisor in the Prime Minister’s Office, India.
• It is responsible for Geospatial-Intelligence & Satellite Imagery
• It has the same ‘norms of conduct’ as the Intelligence Bureau (IB) and the Research and Analysis Wing
(R&AW).
Recent Related News:
i.February 24, 2021, Cochin Shipyard Ltd (CSL) emerged as the Lowest Bidder in a tender floated by the Ministry of
Defence for construction of 6 Next-Generation Missile Vessels (NGMV) to be utilized by the Indian Navy.
About the National Technical Research Organisation (NTRO):
Chief – Anil Dhasmana
Head Office – New Delhi
Established – 2004
Indian Army decommissions 2 Artillery: 130mm Self-propelled Guns & 160mm Mortars
On 16th March 2021, Indian Army decommissioned 2 of its longest serving Artillery – 130mm Self Propelled M-
46 Catapult Guns and the 160mm Tampella Mortars, after making a customary firing of their last salvos in Mahajan
Field Firing Range. The decommissioning event saw the presence of Director General Artillery, Lieutenant General K
Ravi Prasad.
130mm Catapult:
i.It is a hybrid Self-propelled gun developed by DRDO, by merging 2 existing weapons systems – India’s Vijayanta
tank & Russian 130mm M-46 field gun.
ii.Fire Range – 27 Km
iii.Year of Induction – 1981.
iv.It was deployed in the India-Pakistan border to cater the urgent need of a Mobile Artillery gun system, after 1965 &
1971 wars.
Indigenously Built Indian Naval Landing Craft Utility ‘L58’ Commissioned at Port Blair
On March 18, 2021, Indian Naval Landing Craft Utility (LCU) ‘L58’, the 8th and last ship of the LCU Mark IV Class was
commissioned into the Indian Navy at Port Blair, Andaman & Nicobar Islands. The L58 (amphibious ship) has been
indigenously designed and built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata.
• LCU 58 will be based at Port Blair and will be under the command of Andaman & Nicobar Command (which is
the sole Joint Services Command of India).
• Purpose – For transporting & deploying Main Battle Tanks (MBTs), armoured vehicles, troops and equipment
from ship to shore.
• Commander Krishan K Yadav was appointed as the First Commanding Officer of the Ship.
• The Commissioning of ships is a significant achievement under the ‘Make in India’ & ‘Atma Nirbhar Bharat’
Programme in the areas of warship design & construction.
Fact
• LCU L-58 is the 106th Warship built & delivered by GRSE, which is the highest number of
warships delivered by any Indian Shipyard.
Features
• It will be manned by a team of 5 officers & 50 sailors. It is also capable of carrying 160 troops in addition to its
crew.
• It has a displacement of 900 tons and can travel at speeds of up to 15 Knots (28 Kmph).
• 90% of the ship’s components are manufactured indigenously.
• LCU L-58 is 63 metre long, 11 metre wide & has a displacement of 830 Ton with a low draught of 1.7 metre.
Roles
• It is capable of carrying various types of combat vehicles like Main Battle Tanks (MBTs), BMP (Boyevaya
Mashina Pekhoty) Army Battle Tanks, Armoured Vehicles, Trucks.
• Will be deployed for performing a variety of roles like Beaching, Search and Rescue, Disaster Relief, Coastal
Patrol & Surveillance operations along the Andaman and Nicobar Group of Islands, Bay of Bengal and in the
Indian Ocean.
IBS & IPMS Fittings
• It is fitted with an advanced Electronic Support Measure (ESM) suite for intercepting enemy radar
transmissions.
• Fitted with an Integrated Bridge System (IBS) and an Integrated Platform Management System (IPMS) for
monitoring the Ship’s navigational & machinery equipment.
Main Armaments
• The main armament of the ship is 2 indigenously manufactured 30 mm CRN 91 guns which are controlled by a
Stabilized Optronic Pedestal (SOP), which is manufactured by Bharat Electronics Limited (BEL).
• It is also equipped with 6 Machine Gun Posts for neutralizing air, surface & sub-conventional threats.
Recent Related News:
i.On December 31, 2020, Garden Reach Shipbuilders & Engineers Ltd (GRSE), Kolkata, West Bengal delivered the
Landing Craft Utility (LCU) MK IV class vessel ‘IN LCU L-58’ (Yard 2099) to the Indian Navy (IN).
Military Direct’s Ultimate Military Strength Index – Indian Armed Forces 4th Strongest in the World, China
No.1
According to a study,‘Ultimate Military Strength Index’ by Defence Website ‘Military Direct’, India with 61 Points is
the 4th Strongest Military Force in the World. China (82 Points) was rated as the World’s Strongest Military Force
followed by the USA (74) & Russia (69).
• The index considers factors like – Budgets, number of inactive & active military personnel, total air, sea, land
and nuclear resources, average salaries & weight of equipment.
• World’s Biggest Military Spender – USA (USD 732 Billion per year) followed by China (USD 261 Billion) & India
(USD 71 Billion).
Rank Country/Military Score/100
4 India 61
1 China 82
2 USA 74
3 Russia 69
Hypothetical conflicts
The study has also come out with hypothetical conflicts based on the assets owned by each country/military.
• China would win a Sea Conflict. As it has 406 Ships compared to Russia’s 278 & USA or India’s 202 ships.
• The USA would win an aerial war. As it has 14, 141 Airships compared to Russia’s 4, 682 & China’s 3, 587.
• Russia would win in a Land war. As it has 54, 866 vehicles compared to USA’s 50, 326 & China’s 41, 641
vehicles.
Recent Related News:
i.June 16, 2020, India ranked 6th as nuclear weapons increased since 2019, US tops: SIPRI’s Yearbook 2020
About Indian Armed Forces:
The President of India is the Supreme Commander of the Indian Armed Forces.
Chief of Defence Staff – Bipin Rawat
SPORTS
Indian Cricketer Vinay Kumar announces retirement from First Class & International Cricket
Former Indian Cricketer & Fast Bowler Ranganath Vinay Kumar
announced his retirement from First Class & International Cricket
at the age of 37. He hails from Davanagere, Karnataka and is
affectionately called as ‘The Davanagere Express’.
• Vinay Kumar has represented India in 31 ODIs & 9 T20Is &
1 Test International and has picked up 49 wickets across
all 3 formats.
• He has played in 115 Ranji Trophy Matches picking up 442
wickets making him the 4th Highest Wicket-taker in
Ranji Trophy after Rajinder Goel (637), Srinivasaraghavan Venkataraghavan (531), Sunil Joshi (479).
• He has played for Karnataka, Puducherry in the Ranji Trophy.
• In the Indian Premier League (IPL) he has played for Mumbai Indians, Royal Challengers Bangalore, Kolkata
Knight Riders & now defunct Kochi Tuskers.
Wrestling: Vinesh Phogat wins Gold Medal at XXIV Outstanding Ukraining Wrestlers & Coaches Memorial
Tournament
Indian Wrestler Vinesh Phogat won the Gold Medal in
the Women’s 53 Kg Category of XXIV Outstanding Ukrainian
Wrestlers and Coaches Memorial Tournament held at Kyiv
(also known as Kiev), Ukraine. She defeated Vanesa
Kaladzinskaya of Belarus in the Final.
• The Event was held from February 26-28, 2021 and
was organized by United World Wrestling.
• Vinesh Phogat has already qualified for the 2020
Tokyo Summer Olympics (to be held in July, 2021)
after winning Bronze at the 2019 World
Championships.
• She is the only Indian Woman Wrestler to have qualified for the Tokyo Games.
About United World Wrestling:
President – Nenad Lalovic
Headquarters – Corsier-sur-Vevey, outside of Lausanne, Switzerland
Ministry of Youth Affairs & Sports Restored the Recognition of GFI after 10 years
On 26th February 2021, the Ministry of Youth Affairs and Sports restored the recognition of the Gymnastics
Federation of India(GFI) as National Sports Federation after a decade. The recognition granted by the Ministry with
immediate effect is for the period till 31st December 2021.
Background:
GFI’s accreditation was revoked by the ministry in 2011 exactly 10 year before due to fighting within the federation.
Appointment Info:
• The 2019 November Election of Sudhir Mittal as President, Kaushik Bidiwala as treasurer for the period of
2019 to 2023 has been recorded by the Ministry.
• The decision on accepting S Shanti Kumar Singh as General Secretary will be taken following the judgment of
Manipur High Court on the writ petition filed by Shanti Kumar Singh.
Steps Need to be followed by GIF:
• GFI’s MoA must comply with the provisions of National Sports Development Code of India, 2011 (Sports Code)
• GIF Federation also needed to make affirmation of the provisions of the Sports Code in its constitution within 6
months so as to bring the same fully in line with the Sports Code.
• GFI has to take required measures for uploading the information in compliance with the instructions
contained in the 2015 letter of the Ministry on suo-moto disclosure within 3 months.
Violation Norms:
i.The office bearers of the GFI shall invariably be appointed by the election as per the Model Election guidelines
issued by the Ministry.
ii.The ministry stated that Recognition may be revoked again if the terms or conditions of the recognition or its own
constitution are violated.
J&K tops medal tally at Khelo India Winter Games held at Gulmarg, J&K
On 2nd March, 2021, Jammu & Kashmir retained the top spot
in the 2nd Edition of Khelo India Winter Games, which was
held at Gulmarg, J&K. With 11 Gold, 18 Silver and 5 Bronze
Medals J&K led the medal tally during the closing ceremony of the
Khelo India Winter Games in Ski Resort of Gulmarg.
Top 3 position:
1.Jammu & Kashmir won 11 Gold, 18 Silver and 5 Bronze Medals.
2.Karnataka won 5 Gold, 4 Bronze Medals.
3.Maharashtra won 3 Gold, 3 Silver & 2 Bronze Medals.
Highlights of the Event:
i.Jammu & Kashmir retained the top spot for the second consecutive time.
ii.The event saw the participation of over 1200 athletes from 27 states & Union Territories of India.
iii.Following the success of the event, Principal Secretary Youth Services and Sports, Alok Kumar retained the venue
for 3rd edition of Khelo India Winter Games at Gulmarg, J&K.
iv.Both the 1st & 2nd edition is held at Gulmarg, J&K.
v.The event was organized by J&K Sports Council & Winter Games Association of J&K.
Recent Related News:
i.On January 21, 2021, Kiren Rijiju, Minister of State (Independent Charge) of Youth Affairs and Sports inaugurated
the 1st ever Khelo India Zanskar Winter Sports & Youth Festival 2021 at Padum in Zanskar of Kargil, Ladakh UT.
ii.Kiren Rijiju and Haryana Chief Minister Manohar Lal Khattar announced that Haryana will host the 4th edition of
Khelo India Youth Games(KIYG) in 2021. The Games will be held in Panchkula in Haryana.
Other Sporting Events:
• The Olympic Winter Games 2022 will be held in Beijing, China.
Indian shuttlers Varun Kapur & Malvika Bansod wins 2021 Uganda International titles
On 28th February 2021, Indian Shuttlers Varun Kapur & Malvika
Bansod won the 2021’s Uganda International Badminton’s Men’s
& Women’s Singles Titles that was held from 25th to 28th of
February, 2021, at Lugogo Indoor Stadium, Kampala, Uganda.
About 2021 Uganda Internationals:
i.The prize amount is USD 10,000.
ii.In Finals of the Men’s Singles Category, Varun Kapur defeated
Sankar Muthusamy.
iii.In finals of Women’s Singles category, Malvika Bansod defeated
Anupama Upadhyaya.
iv.The Tournament saw the participation from India, Germany & African Countries.
Recent Related News:
i.On 22nd April 2020, World Champion PV Sindhu, named as one of the ambassadors for Badminton World
Federation (BWF’s) “I am badminton” awareness campaign to provide a platform for the players to express their love
and respect for the sport.
ii.Badminton World Federation (BWF), the international governing body for the sport of badminton has organized
Brazil Para badminton International 2020 in Sao Paulo,Brazil.
About Badminton Association of India (BAI):
President – Himanta Biswa Sarma
Founded – 1940
Headquarter – New Delhi
About Badminton World Federation (BWF):
It’s the Governing body of Badminton recognised by the International Olympic Committee (IOC).
Founded – 1934
Headquarters – Kuala Lumpur, Malaysia
President – Poul-Erik Høyer Larsen
Cricket: India retains Anthony de Mello Trophy by Defeating England in 2020-21 Test Series
The Indian Cricket Team defeated England in the 4th Test
Match held at Narendra Modi Stadium, Ahmedabad, Gujarat to
win the Match & consequently the 2020-21 Test series by 3-1.
With the win, India has yet again retained the Anthony de
Mello Trophy.
• Player of the Series – Ravichandran Ashwin
• The Anthony de Mello Trophy is awarded to the
winner of the England-India Test Cricket series held in
India. The trophy was already with the Indian Team as
they had won the Test Series held in 2016-17.
• Having won the series, India has now qualified for the World Test Championship finals to be held at
Southampton’s Ageas Bowl Stadium, UK (shifted from Lord’s Cricket Ground due to Pandemic) from June 18-
22,2021. India will play New Zealand in the finals.
England’s Tour of India 2020-21
The Test Series is part of the England Cricket Team’s visit to India to play 4-match Test series, 3 One Day
Internationals (3 ODIs) & 5 Twenty20 Internationals (5 T20Is).
• The Test Series took place at 2 Grounds – MA Chidambaram Stadium, Chennai, Tamil Nadu (2 Tests) & the
newly inaugurated Narendra Modi Stadium at Ahmedabad, Gujarat.
Narendra Modi Stadium – World’s Largest Cricket Stadium
The World’s Largest Cricket Stadium at Motera, Ahmedabad, Gujarat was renamed Narendra Modi Stadium (the
previous name was Sardar Patel Cricket Stadium) and was inaugurated by the President of India Ram Nath Kovind. It
is owned by the Gujarat Cricket Association.
• Narendra Modi stadium is part of Sardar Patel Sports Enclave.
• The stadium was originally constructed in 1983. In 2015, it was demolished and was rebuilt at an estimated
cost of INR 800 Crore.
• It has a capacity of 1, 32, 000 spectators (previous capacity 49, 000).
• In 1983, the First International match held in this stadium. The 1st match Played is Test Match between India
and West Indies in 1983.
• The previous Largest Cricket Stadium in the world was Melbourne Cricket Ground, Australia.
Fact
It is the 1st time that the field of an Indian Cricket Stadium has been fitted with LED lights.
NADA Disciplinary Panel Imposed Sanctions on Weightlifter Madhavan R & Boxer Ruchika for Violating Code
On 9th March 2021, the Disciplinary Panel of the National Anti-Doping Agency (NADA) imposed sanctions
on Madhavan R, Weightlifter, and Ruchika, Boxer for the
violation of NADA’s code on the usage of prohibited substances.
• The Anti-Doping Disciplinary Panel(ADDP) has banned
Madhavan R and Ruchika for 4 years and 2 years
respectively.
• Madhavan R was tested positive for the prohibited
substance Phentermine & Mephentermine and Ruchika
was found positive for Furosemide.
• The athletes have an option to appeal against the ADDP’s
sanction to the higher panel Anti-Doping Appeals
Panel(ADAP).
Wrestling: India bags 8 Medals at Matteo Pellicone Ranking Series 2021 held in Rome, Italy
The 14-member Indian Wrestling Contingent bagged 8 medals (2
Gold, 1 Silver, 5 Bronze) at the Matteo Pellicone Ranking Series 2021
held at Rome, Italy from March 4-7, 2021. The series was conducted
for the categories of Freestyle, Greco-Roman & Women Wrestling.
• Around 26 Countries participated in the Tournament which
was organized by the United World Wrestling (UWW).
Shooting – Indian Men Team Wins Bronze, Women’s Team Wins Silver at ISSF World Cup 2021, Egypt
The ISSF (International Shooting Sport Federation) Shotgun World Cup 2021 was held in Cairo, Egypt from February
22-March 5,2021. The Shotgun tournament took place for disciplines of Trap Shooting & Skeet Shooting.
Women’s Trap Team Wins Silver
• The Indian Women’s Trap Team trio of Kirti Gupta, Manisha Keer & Rajeshwari Kumari won the Silver medal
in the event. They were defeated by Russia in the Final.
Men’s Skeet Team Wins Bronze
• The Indian Trio of Mairaj Ahmed Khan, Angad Vir Singh Bajwa & Gurjoat Khangura won the Bronze Medal
in Men’s skeet team event at the ISSF Shotgun World Cup in Cairo.
• Russia won the Gold Medal while Czech Republic won the Silver medal.
Overall Standings
• Russia topped the overall medal standings with 9 medals, followed by Croatia & Spain
• India finished 7th with 2 medals
About International Shooting Sport Federation (ISSF):
President – Vladimir Lisin
Headquarters – Munich, Germany
Bhavani Devi becomes 1st Indian Fencer to qualify for 2020 Tokyo Olympics
Chadalavada Anandha Bhavani Devi who hails from Tamil Nadu became the 1st ever Indian Fencer to qualify for an
Olympics. She was assured of qualification for the 2020 Tokyo Olympics after Hungary lost to South Korea in the
Quarter-finals of Team event of 2021 Fencing Sabre World Cup being held at Budapest, Hungary.
• Bhavani Devi will be a part of the women’s individual sabre event at Tokyo 2020 & She qualified through
the Adjusted Official Ranking (AOR) Method.
Mithali Raj becomes 1st Indian & 2nd International Woman Cricketer to score 10, 000 International Runs
Mithali Raj became 1st Indian Woman Cricketer & 2nd International Women Cricketer (after England’s Charlotte
Edwards) to score 10, 000 runs in International Cricket across all 3 formats of Cricket.
• She achieved the record during the 3rd ODI Between India & South Africa Women’s team which took place on
March 12, 2021 at Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, Lucknow.
• Mithali Raj has scored 6, 974 runs from 212 One Day Internationals (ODI); 2, 364 runs from 89 T20
Internationals & 663 runs in 10 Test matches.
• Mithali Raj hails from Rajasthan; she made her debut for India in June 1999.
Sharath Kamal Becomes First Indian Paddler To Qualify For The 2020 Tokyo Olympic Games
On 18th March 2021, Achanta Sharath Kamal, an Indian table tennis player, win over Muhammad Rameez
(Pakistan) in the Asian Olympic Qualification tournament held
in Doha, Qatar and became the first Indian Paddler to qualify
for the 2020 Tokyo Olympic Games. This marks
the 4th appearance of Kamal at the Olympic games.
• He won over Muhammad Rameez in the second men’s
singles round-robin match in the South Asia group
secured a spot form him in the delayed Games which
will begin in July 2021.
• Sutirtha Mukherjee, India’s second-highest-ranked
female player has also qualified for the 2020 Tokyo
Olympic games following her win over Manika Batra, India’s top female player.
• Manika Batra is set to qualify for the 2020 Tokyo games because of her ranking.
About Achanta Sharath Kamal:
i.Achanta Sharath Kamal was born on 12th July 1982 in Chennai, Tamil Nadu.
ii.He won the gold in the 16th Commonwealth table tennis championship 2004 held at Kuala Lumpur and became the
first Indian to achieve the feat.
iii.He also won the gold for men’s singles and men’s team at the 2006 Commonwealth Games held in Melbourne.
Honours:
i.He received the Arjuna Award in 2004.
ii.India honoured him with the fourth highest civilian award, Padma Shri in 2019 for Sports.
ICC Bans UAE Cricketers Mohammad Naveed & Shaiman Anwar for 8 Years
On 16th March 2021, International Cricket Council (ICC) handed an 8-year ban to UAE cricketers, Former United Arab
Emirates(UAE) captain Mohammad Naveed and batsman Shaiman Anwar from all forms of cricket. They were
banned for breaching the ICC Anti-Corruption Code.
• They were found guilty of corruption relating to attempted match-fixing during 2019 T20 World Cup
Qualifying tournaments.
• The bans are backdated to 16th October 2019, when they were provisionally suspended.
Mumbai Cricket Team Wins 2021’s Vijay Hazare Trophy; Prithvi Shaw-1st player to Score 800 runs in Single
Edition
Mumbai cricket team won the 2021’s Vijay Hazare Trophy in the finals against Uttar Pradesh, where the captain
of Mumbai, Prithvi Shaw became the 1st player to score 800 runs in a single edition. Previously, Mayank
Agarwal held the highest run scorer record with 723 runs from the 2018 edition. In the same match, Uttar Pradesh
batsman, Madhav Kaushik, scored 158 runs recording the highest runs scored by a batsman in the tournament’s
final.
Cricket: India wins the 2020-21 Paytm T20I series against England
The Indian Cricket Team defeated England in the 5th T20I Match held at Narendra Modi Stadium, Ahmedabad,
Gujarat to win the Match and consequently the 2020-21 Paytm T20I series by 3-2.
• Player of the Series – Virat Kohli.
• All 5 matches took place at the Narendra Modi Stadium, Ahmedabad, Gujarat.
• The T20I series is part of the England Cricket Team’s visit to India to play 4-match Test series, 3 One Day
Internationals (3 ODIs) & 5 Twenty20 Internationals (5 T20Is).
• India had already won the Test Series by 3-1.
Records & Highlights
Virat Kohli – 1st Cricketer to score 3,000 runs in T20I
Virat Kohli became the 1st Cricketer to score 3, 000 runs in T20 Internationals. He has taken 87 matches to achieve
the milestone.
• He achieved the feat during the 2nd T20I against England at the Narendra Modi Stadium, Ahmedabad, Gujarat.
• New Zealand’s Martin Guptill is 2nd on the list of leading run-getters in T20I Cricket with 2, 839 runs while
India’s Rohit Sharma is third with 2, 773 runs.
Rohit Sharma – 2nd Indian to complete 9000 runs
• Rohit Sharma became the 2nd Indian after Virat Kohli to complete 9000 runs in T20 Cricket.
• He achieved the milestone during the 4th T20I against England at the Narendra Modi Stadium, Ahmedabad,
Gujarat.
T20I Rankings:
Team Rankings (as of March 20, 2021) – #1 England, #2 India, #3 Australia
About the Board of Control for Cricket in India (BCCI):
President – Sourav Ganguly
Headquarters – Wankhede stadium, Mumbai, Maharashtra
‘Girl Gang’ announced official song of ICC Women’s World Cup 2022
A song ‘Girl Gang’ by New Zealand singer Gin Wigmore, has been announced as the official song of the 12th edition
of 2022 International Cricket Council(ICC) Women’s World Cup at Mt Maunganui Beach, New Zealand.
• The tournament is set to be hosted in New Zealand from March 4 to April 3, 2022.The song is from Wigmore’s
fourth album Ivory released in 2017.
Federation Cup: Avinash Sable sets new national record in men’s 3000m steeplechase
Avinash Sable posted a new national record of 8 minutes 20.20 seconds as he won the men’s 3000-metre
steeplechase at the National Federation Cup. Avinash has already qualified for Tokyo Olympics. He broke his own
record of 8:21.37 at the 2019 Doha World Championships
Football-2022 AFC Women’s Asian Cup Venue – Mumbai, Ahmedabad & Bhubaneswar
On 26th March, 2021 the Asian Football Confederation (AFC) & the AFC Women’s Asian Cup India 2022 Local
Organising Committee (LOC) announced the 3 final venues for the 2022 AFC Women’s Asian Cup that will be held in
India from January 20 to February 6, 2022.
Tournament Venues:
• D.Y. Patil Stadium – Navi Mumbai, Maharashtra
• TransStadia (EKA Arena) – Ahmedabad, Gujarat
• Kalinga Stadium – Bhubaneswar, Odisha
Note – Previously, D.Y. Patil Stadium in Navi Mumbai was used to host the FIFA U-17 World Cup in 2017.
i.The Qualifiers for the Tournament will be held between 15-25th of September, 2021.
ii.India will also host the FIFA Women’s U-17 World Cup in 2022.
Recent Related News:
Australia & New Zealand Jointly to host 2023 FIFA Women’s World Cup Football tournament. FIFA gave the hosting
rights for the 1st 32-team Women’s Championship to Australia and New Zealand. This is the first Women’s World Cup
to be hosted in the Asia-Pacific Region.
About All India Football Federation (AIFF):
President – Praful Patel (He is also a FIFA Council Member)
Vice-President – Subrata Dutta
India Legends won 1st edition of 2020-21 Road Safety World Series T20 against Sri Lanka Legends
India Legends cricket team won the 1st Edition of the 2020-21 Road Safety World Series T20 tournament against
Sri Lanka Legends in the Finals. Tillakaratne Dilshan, captain of Sri Lanka Legends won the Player of the series.Sachin
Tendulkar was the captain of India Legends.
• 7 Countries Participated in the series viz, India Legends, Sri Lanka Legends, South Africa Legends, West Indies
Legends, England Legends, Bangladesh Legends, Australia Legends.
• The 2020-21 Road Safety World Series T20 cricket tournament was organized by the Road Safety Cell of
Maharashtra to raise awareness about road safety.
India beats England in 3-match ODI series; Kohli 3rd captain to lead India in 200 International Matches
In the recently concluded 3-match One Day International (ODI) Series between India & England which was hosted by
India, Indian Cricket team under the captaincy of Virat Kohli won the series in a thrilling 2-1 lead.
• England opener Jonny Bairstow was awarded the Player of the Series.
• India-England series sets world record for most sixes hit 63 in a 3-match ODI series. The record was
previously held by New Zealand and Sri Lanka as both teams had hit a combined of 57 sixes.
Note- India also won the 5-match T20 International Series with England in the same tour with a 3-2 victory.
i.In this match, Virat Kohli became the 3rd Indian Captain to lead Indian side in 200 International matches. [MS
Dhoni in 332 matches & Mohammad Azharuddin in 221 matches]
ii.Virat Kohli became India’s captain in all-formats in January 2017.
International Cricket Council (ICC) T20 Batsman – Rankings:
• Virat Kohli – 4th position
• Lokesh Rahul – 5th Position
• Rohit Sharma – 14th position
About International Cricket Council (ICC):
Chairman – Greg Barclay
CEO – Manu Sawhney
Headquarters – Dubai, UAE
OBITUARY
Former TRAI chairman and Commerce Secretary Rahul Khullar passes away
Former Chairman of Telecom Regulatory Authority of India (TRAI) and Commerce Secretary , a 1975-batch IAS
officer Rahul Khullar passed away due to prolonged illness, who served as Commerce Secretary(2009-2012) and
appointed as TRAI chairman in May 2012 for three years
Nand Kumar Singh Chauhan, Lok Sabha Member from Khandwa MP, Passed Away at 69
On 2nd March 2021, Nand Kumar Singh Chauhan, of Bharatiya Janata Party(BJP), 6 time Lok Sabha member from
Khandwa, Madhya Pradesh(MP), who was suffering from COVID-19 infection passed away at the age of 69 in
Gurugram, Haryana. He was born on 8th September 1952 in Shahpur, Khandwa, Madhya Pradesh.
About Nand Kumar Singh Chauhan:
i.Nand Kumar Singh Chauhan started his career as a politician from Shahpur Municipal Council in 1978
ii.He was later elected to the State Assembly of Madhya Pradesh and served as a member of legislative from 1985 to
1996.
iii.He was first elected to the Lok Sabha in 1996 and later re-elected in 1998, 99, 2004, 2014 and 2019.
Veteran Kathakali Guru Padma Shri Chemancheri Kunhiraman Nair Passed Away at 105
On 15th March 2021, Veteran Kathakali performer and Guru, Padma Shri Chemancheri Kunhiraman Nair passed
away at the age of 105 in his residence in Cheliya, Koyilandy in Kozhikode, Kerala. He was born on 16th June 1916 in
Malabar district, Madras Presidency, British India(present Kozhikode, Kerala).
About Chemancheri Kunhiraman Nair:
i.He founded the Bharatiya Natyyakalayalam, the first school of dance in North Kerala in 1945 and in 1983 he
established Cheliya Kathakali Vidyalayam in Kozhikode.
ii.He has won several honours for his contribution to the art form of Kathakali, which includes, Kerala Sangeetha
Nataka Award in 1979, Kerala Kalamandalam award in 2001, Kala Ratna award in 2009, Mayilpeeli award and
Sangeet Natak Akademi Tagore award.
iii.He was honoured with India’s 4th highest civilian award Padma Shri in 2017 for his contribution to Kathakali.
Former Union Minister & BJP leader Dilip Gandhi passed away at 69
On 17th March 2021, Dilip Kumar Mansukhlal Gandhi, former Union Minister and Bharatiya Janata Party(BJP)
leader passed away at the age of 69 in Delhi. He was tested positive for COVID-19 on 16th March 2021. He was born
Hillary Clinton partners with Louise Penny to co-write ‘State of Terror’ Mystery novel
Former United States Secretary of State, Hillary Clinton is co-writing a mystery novel called ‘State of Terror’ with
Louise Penny, a Canadian author. The novel is slated to be released on October 12, 2021. It will be jointly released by
Clinton’s Publisher, Simon & Schuster & Louise Penny’s St. Martin’s Press.
Author Shrabani Basu’s New Book “The Mystery of the Parsee Lawyer” to be Released
“The Mystery of the Parsee Lawyer: Arthur Conan Doyle, George Edalji and the Case of the Foreigner in the English
Village” the new book authored by Shrabani Basu is set to be
released on 3rd March 2021. The book is published
by Bloomsbury Publishing.
Notable fact:
i.The book uncovered the mystery case of George Edalji in the
village of Great Wyrley in the early 20th Century which was
investigated by Arthur Conan Doyle, the creator of Sherlock
Holmes.
ii.This became the first investigation on real-life
crime during Arthur Conan Doyle’s lifetime.
About the Book:
i.George Edalji, the son of Shahpur Edalji, Indian Parsi convert to christianity and the first Indian to have a parish in
England.
ii.George Edalji was a successful barrister who was later prosecuted for the series of mystery murders and animal
mutilations in 1903 that took place in the village of Great Wyrley near Birmingham.
iii. When he was released early, he contacted Arthur Conan Doyle who responded to his request to clear his name.
Evan Osnos’s New Book “Joe Biden: American Dreamer” a Biography of Joe Biden
National Book Award Winner Evan Osnos has authored a new Book “Joe Biden: American Dreamer” a biography of
American President, Joe Biden that features both the personal
and public life of Joe Biden. The book is published
by Bloomsbury Publishing.
About the Book:
i.The author portrays President Joseph R. Biden Jr. as a man who
has sustained a 50-year political career and became the
President and a man who is marked with deep personal losses.
ii.The book captures the characters and features of the
presidential election.
iii.The book features the revealing conversation between Joe Biden and others, including former President Barack
Obama, Cory Booker, Amy Klobuchar, Pete Buttigieg, progressive activists, advisers, opponents, and his family
members.
About Evan Osnos:
i.Evan Osnos worked as a staff writer in The New Yorker covering politics and foregin affairs.
ii.He has worked for the Chicago Tribune as Beijing bureau chief, he has also worked in the Middle East, reporting
from Iraq.
Books:
i.His book “Age of Ambition: Chasing Fortune, Truth, and Faith in the New China,” based on his 8-year life in Beijing
won the 2014 National Book Award. The book was also a finalist for the Pulitzer prize.
ii.He has also authored the book “Joe Biden: The Life, the Run, and What Matters Now.” published in 2020.
Awards:
He was a part of the team (staff of Chicago Tribune) that won the 2008 Pulitzer Prize for investigative reporting.
New Book “Artificial Intelligence and the Future of Power: 5 Battlegrounds” authored by Rajiv Malhotra
Acclaimed Author Rajiv Malhotra, a Physicist and Computer Scientist specializing in Artificial intelligence(AI) has
authored a new book titled “Artificial Intelligence and the Future of Power: 5 Battlegrounds”. The book features
both the positive and negative impacts of AI.
The book is published by Rupa Publications.
About the Book:
i.The book discusses the effects of AI on India and its impacts on our futures and it also looks into how the AI would
modify the aspects of lives at international, national to personal level.
ii.The book states that, by leveraging AI and big data, various private organisations are gaining an ability to influence,
manipulate and control the minds of people.
iii.These organisations have the potential to become more powerful than various companies and it is noted that there
are no Indian companies in this league.
iv.The AI is a central node that integrates quantum computing, nanotechnology, medical technology, brain-machine
interface, robotics, aerospace, 5G, Internet of Things, and others.
v.The book aims to educate the social segments and encourage them to take part in the discussion where the AI
policies are formulated.
Khan Abdul Ghaffar Khan’s Autobiography “The Frontier Gandhi: My Life And Struggle” to be Published in
English
The autobiography of Khan Abdul Ghaffar Khan, popularly known as the “Frontier Gandhi” & fondly known
as Bacha Khan or Badshah Khan, titled “The Frontier Gandhi: My Life and Struggle” is set to be published
in English by the publishing house Roli Books. This will be his first autobiography in English. The book was
translated into English by Imitiaz Ahmad Sahibzada, former Pakistani civil servant and author.
• The foreword of the book is written by historian Rajmohan Gandhi, Grandson of Gandhi and
• The book was originally written in Pashto and published in 1983.
Note:
The earlier account of Khan Abdul Ghaffar Khan’s life in English was a collection of his interviews and was not his
autobiography.
About the book:
i.The book by Ghaffar Khan brings out the life events and personalities of the independence movement.
ii.The book accounts the sacrifices and efforts that resulted in the Independence of India.
About Khan Abdul Ghaffar Khan:
i.Khan Abdul Ghaffar Khan who was also known as Bacha Khan, Badshah Khan and Fakr-e-Afghan was born in
Utmanzai, Northwest Frontier Province, British India in 1890.
ii.He was one of the close associates of Mahatma Gandhi.
iii.He led the Khundai Khidmatgar (Servants of God) movement from 1930 to 1947.
“Dynasty to Democracy: The Untold Story of Smriti Irani’s Triumph”-Anant Vijay’s Book on Smriti Irani’s
victory in Amethi
On March 05,2021, Westland Publication ltd, announced the release of the English translation of Anant Vijay’s book
named ‘Dynasty to Democracy: The Untold Story of Smriti Irani’s Triumph’ by March 15.
• The Book is a translation of Hindi book titled ‘Amethi Sangram: Aitihasik Jeet Ankahi Dastan’ , which was
published in December, 2020.The English translation is also done by Anant Vijay.
About the Book:
i.The book is about an attempt to understand the reasons behind Irani’s success in Amethi, and her political methods.
ii.The book traces her journey from her defeat in 2014 to her victory in Amethi, Uttar Pradesh during the 2019 Lok
Sabha election.
iii.Smriti Irani is a Minister in the Union Cabinet of India as Minister of Textiles with an additional charge
of Minister of Women and Child Development.Constituency– Amethi, Uttar Pradesh.
Susmita Mukherjee Authored a New Book Titled “Baanjh: Incomplete Lives of Complete Women”
Actor, Screenwriter, and Playwright Susmita Mukherjee have authored her 2nd book titled “Baanjh: Incomplete
Lives of Complete Women”. The book is a collection of 11 short stories that portray the lives of women from various
social backgrounds.
The book was published by Readomania Publishing.
About the book:
i.The book features the world of the women who are living in the excluded society to the women living in higher
levels of society.
ii.The title of the book is named after one of the 11 short stories in the book called Baanjh which is about the life of
Rukmini Devi in an abusive marriage.
Shobha Tharoor Srinivasan’s Children’s book – “Prince with a Paintbrush: The Story of Raja Ravi Varma”
Under Westland’s ‘Red Panda’ imprint, an illustrated book for children titled “Prince with a Paintbrush: The Story
of Raja Ravi Varma” written by Shobha Tharoor Srinivasan will be published in April
Objective: It aims to inspire young readers to learn about the famed artist and how he made his entry and mark in
the art world.
• Srinivasan has earlier authored children’s books like “Indi-Alphabet” and “How Many Lines in a Limerick?”
Points to be noted about Raja Ravi Varma (29 April 1848 – 2 October 1906):
• He was a celebrated Indian painter and artist, one of the greatest painters in the history of Indian art.
• Considering his vast contribution to Indian art, the Government of Kerala has instituted an award called Raja
Ravi Varma Puraskaram, which is awarded every year to people who show excellence in the field of art and
culture.
• On his 65th death anniversary (29 April 1971), India post issued a commemorative postal stamp depicting
Ravi Varma and his famous painting ‘Damayanti and Swan’
• In 2013, a crater on Mercury was named in the honor of this greater Indian painter.
Indra Nooyi, Former CEO of PepsiCo, to Publish her Memoir Titled “My Life in Full: Work, Family and Our
Future”
Padma Bhushan awardee Indra Nooyi, the former CEO of PepsiCo is set to publish her memoir titled “My Life in Full:
Work, Family and Our Future”. The book is set to be
published by Portfolio books on September 28. The book
will feature both the personal and professional life of Indra
Nooyi.
About the book:
i.The book features the life of Indra Nooyi from her
childhood in India to her life at Yale University as an
immigrant to her life as a person of colour in the elite
corporate world.
ii.The book also features her work-life balance between
being a mother of 2 and working at PepsiCo.
About Indra Nooyi:
i.Indra Nooyi, an Indian American, worked at PepsiCo for around 24 years.
ii.She served as the CEO and Chairman of PepsiCo for 12 years from 2006 to 2018.
Bhagat Singh Koshyari, Governor of Maharashtra released the eBook “Dawn Under the Dome”
On 15th March 2021, Bhagat Singh Koshyari, the governor of Maharashtra released the ebook “Dawn under the
Dome” on the history of the Mumbai General Post Office(GPO) Building, the grand old heritage building. The book
was authored by Swati Pandey, the PostMaster General of Mumbai in collaboration with Orchida Mukherjee.
Key People:
Chief Postmaster General, Maharashtra and Goa Circle H.C. Agrawal was present during the release.
Facts about Mumbai GPO Building:
i.The General Post office(GPO) building of Mumbai was modelled on Gol Gumbaz of Bijapur.
ii.It was designed by the architect’s John Begg and George Wittet.
iii.The construction of the building began on 1st September 1904 and completed on 13th March 1913. The building
was constructed at a cost of Rs.1809000.
iv.The Mumbai GPO building symbolizes the beauty and grandeur of the Indo Saracenic architecture style.
Tisca Chopra unveiled the cover of her second book “What’s up with me”
Bollywood actress and author, Tisca Chopra, unveiled the cover of her second book “What’s up with me” a friendly,
practical and empathetic guide for pre-teen girls and their parents published by Red Panda. “Her maiden venture was
a book titled “Acting Smart: Your Ticket To Showbiz”.
A book titled “Gandhi in Bombay’’ by the authors Usha Thakkar and Sandhya Mehta
On 15th March 2021,The Indiatourism Mumbai, Regional Office of Ministry of Tourism in the Western Region
organized an online book reading session of “Gandhi in Bombay’’ by the authors Dr.Usha Thakkar and Sandhya Mehta
, as part of the Azadi Ka Amrit Mahotsav celebrations.
• Azadi Ka Amrit Mahotsav (India @ 75) is a series of events to be organised by the Government of India to
commemorate the 75th Anniversary of India’s Independence.
Sanjaya Baru’s “India’s Power Elite: Caste, Class, and Cultural Revolution”, to be released in April
Sanjaya Baru’s book named “India’s Power Elite: Caste, Class, and Cultural Revolution” to be released in April by
Penguin Random House India. The book says about the inside story of India’s power elite.
General Bipin Rawat releases the new book, “Battle Ready for 21st Century”
On 17th March 2021, India’s Chief of Defence Staff, General Bipin Rawat along with Former Chief of the Army Staff,
Gen Deepak released a book, “Battle Ready for 21st Century” at Centre for Land Warfare Studies (CLAWS). The
book was co-edited by Lt Gen AK Singh, Distinguished Fellow CLAWS & Brigadier Narender Kumar, a visiting Fellow
CLAWS.
i.The book methods to strategically manage border conflict in future in all possible fonts- Land, Air, water, cyber
& cognitive domains to avoid war.
ii.Foreword of the book was written by Arun Prakash, former Naval Chief.
iii.Former Chief of the Army Staff Gen NC Vij and Prof Gautam Sento have commented on the book to identify the
need for building capabilities.
iv.The book critically examines India’s past history of wars and the urgent need for capacity building to prevent
accidental wars.
M Venkaiah Naidu virtually launches the book “Bringing Governments and People Closer”
On the World Happiness Day, 20th March 2021, Vice President of India M. Venkaiah Naidu virtually launched the
book “Bringing Governments and People Closer”. This is the 10th book authored by retired IAS officer Dr M
Ramachandran.
• The book discusses the problems faced by common man while dealing with Government offices in getting
certificates, benefits of govt. Schemes, clearances etc.
i.During the book launch, the Vice President reiterated the Government’s will to improve India’s Happiness quotient
by bridging the gap between the intent of Policy & its implementation.
ii.Venkaiah Naidu, also invited youngsters to study the impact of COVID-19 in Indian villages, since the
availability of more open space & clean air reduced the effect of COVID-19 spreading.
About Dr. M Ramachandran:
i.As an IAS officer, he served as the Principal Secretary to the Chief Minister & Chief Secretary of Uttarakhand.
“Escaped: True Stories of Indian Fugitives in London” Authored by Danish Khan & Ruhi Khan Released
The new book titled “Escaped: True Stories of Indian Fugitives in London” Authored by Danish Khan & Ruhi
Khan was released on 22nd March 2021. The book features 12 high profile cases where the guilty party has escaped
to England.
The book was published by Penguin eBury Press. The book was presented by S. Hussain Zaidi, an Indian author
and former investigative journalist who publishes under the aegis of Blue Salt.
About the book:
i.The book investigates and explains the details of these cases using the eyewitness accounts and archival records.
ii.The book features the cases of extradition over 70 years to solve legal quagmire which caused the debate in the
court of her majesty and consternation in the power corridors of New Delhi.
iii.The fugitives featured in the book are,
• Vijay Mallaya
• Nirav Modi
• Sanjeev Chawla aka Sanjay
• Iqbal Memon aka Mirchi
• Nadeem Saifi
• Hanif Patel aka Tiger Hanif
• Raymond Varley
• Arti Dhir and Kaval Raijada
• Ravi Shankaran
• Narang Brothers
• Dharma Jayanti Teja
• Mubarak Ali Ahmed
About the authors:
Danish Khan:
Danish Khan is a journalist and historian living in London. He has been working with Time Now, ET Now and Mumbai
Mirror covering the United Kingdom and Europe for around 10 years.
Ruhi Khan:
Ruhi Khan is an independent journalist, based in London.Her works were published for the Wire and she has also
worked with NDTV and Mumbai Mirror.She won Mary Morgan Hewitt Award for Women in Journalism.
New Book Titled “1232 km: The Long Journey Home” by Vinod Kapri is set to release
On 25th March 2021, to mark the first Anniversary of lockdown due to COVID-19, HarperCollins India publication
announced the release of Vinod Kapri’s new book titled “1232 km: The Long Journey Home”.
The book published by HarpersCollin India is set to release in May 2021.
About the Book:
i.The book is the true account of the migrants journey from Ghaziabad, Uttarpradesh to Saharsa, Bihar which spans
around 1232 kilometers.
ii.1232 km is about one such journey that seven migrants from Bihar-Ritesh, Ashish, Ram Babu, Sonu, Krishna,
Sandeep, and Mukesh-undertook on their bicycles that lasted for seven days and seven nights. Accompanying them
was National Award-winning filmmaker Vinod Kapri.
iii.The book is the story of the courage and desperation of 7 men who faced the lathis and insults from police, and
battled against hunger and exhaustion to reach their homes.
iv.The documentary based on this, directed by Vinod Kapri was released on Disney+ Hotstar.
About Vinod Kapri:
i.Vinod Kapri is a journalist turned filmmaker who won the National Award for his film “Can’t Take This Shit
Anymore”(2014).
ii.His film “Pihu”(2017) has won 2 awads at International Film Festivals.
New Book Titled “Wild and Wilful: Tale of 15 Iconic Indian Species” authored by Neha Sinha
“Wild and Wilful: Tale of 15 Iconic Indian Species” the new book authored by wildlife conservationist Neha Sinha is
an evocative collection of insights from various disciplines that describes human -animal coexistence. The book is
published by HarperCollins.
The book is a collection of 15 essays each focused on an Indian species.
About the book:
i.Through this book Neha Sinha highlights the indicators of developed India can affect various ecologies and displaced
wildlife even result in their extinction.
ii.Some of the indian species focused on the book includes, the Great Indian Bustard, the White-bellied Heron, Amur
Falcon, leopards, among others.
About Neha Sinha:
i.Neha Sinha, an award winning wildlife conservationist, is currently working with Bombay Natural History Society.
ii.She has won the Sanctuary Wildlife Service Award in 2017.
I Am Malala: The Story of the Girl Who Stood Up for Education and was Shot by the Taliban – An
autobiography of Malala Yousafzai
I Am Malala: The Story of the Girl Who Stood Up for Education and was Shot by the Taliban is an autobiographical
book by Malala Yousafzai about herself. It was co-written by Christina Lamb and published on 8 October 2013, by
Weidenfeld & Nicolson in the UK and Little, Brown and Company in the US.
About the book:
The book details the early life of Yousafzai, the rise and fall of the Tehrik-i-Taliban Pakistan and the assassination
attempt made against Yousafzai, when she was aged 15, following her activism for female education.
Awards for the book:
• 2013 – Specsavers National Book Awards, Popular Non-Fiction Book of the Year
• 2013- Goodreads Choice Awards, Best Memoir & Autobiography
About Malala Yousafzai:
• In December 2014 at the age of 17, she became the youngest-ever Nobel Peace Prize winner for her struggle
against the suppression of children and young people and for the right of all children to education.
• The Nobel Peace Prize of 2014 was shared between Malala and Indian children’s rights and education
advocate Kailash Satyarthi.
• The United Nations(UN) designated the 12th July of every year as Malala Day, to commemorate her birthday.
In 2013 first “Malala Day: An Education for All Children” was celebrated.
Key points:
• Malala spoke about this book at the Jaipur Literature Festival(JFL) which was addressed by her virtually.
• The 14th edition of JLF featured over 300 speakers and performers representing around 25 Indian and 18
International languages over 23 nationalities.
• Some of the important personalities of JFL include American linguist Noam Chomsky, 2020 Booker Prize
winner Douglas Stuart, Nobel Laureates Joseph Stiglitz, Microsoft Corporation co-founder Bill Gates, and actor-
author Priyanka Chopra.
IMPORTANT DAYS
National Protein Day 2021 – February 27
The National Protein Day is annually observed across India on 27th February to create and raise awareness about
the importance and health benefits of Protein.
The theme of the National Protein Day 2021 is ‘Powering with Plant Protein’,
The theme aims to focus on plant-based sources of protein – as accessible, affordable, acceptable, and versatile
protein sources that are often ignored in a country.
Aim:
To grow the knowledge of citizens about different types of sources and their importance in daily meals for better
nutrition and health.
Background:
‘Right To protein’ a national level public health initiative launched the National Protein Day in India.
The first National Protein Day in India was observed on 27th February 2020.
Events 2021:
i.As a part of the 2nd National Protein Day on 27th February 2021, Right to Protein and Teach for India in association
with Nutritionist, Pooja Makhija aims to educate the children and their parents on the overall benefits of adequate
intake of protein.
ii.The Right To Protein initiative collaborates with Business Wire India and Teach For India to commemorate the 2nd
Protein Day.
iii.Educational session. as Online webinars have been organised for children across India.
iv.The children associated with Teach For India network in Mumbai, Pune, New Delhi, Chennai, Ahmedabad,
Hyderabad and Bangalore will participate along with their parents in the online session
Key Points:
i.According to the Indian Market Research Bureau, more than 80% Indians are protein deficient, indicating that
protein deficiency is on the rise in India.
ii.The report of Right to protein reveals that Indians have limited their source of proteins to dal and other basic
staples.
International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of
Victims 2021 – March 24
The United Nations(UN)’s International Day for the Right to the Truth Concerning Gross Human Rights Violations and
for the Dignity of Victims is annually observed across the globe on 24th March to pay tribute to the memory of
Monsignor Óscar Arnulfo Romero, who was murdered on 24th March 1980.
Purpose of the Day:
• To honour the memory of the victims of human rights violations and to promote the importance of the rights
to truth and justice.
• To pay tribute to the people who devoted their lives and lost their lives to promote and protect human rights
for all.
• To recognise the important work and value of archbishop Oscar Arnulflo Romero of El Salvador.
About Monsignor Óscar Arnulfo Romero:
He was actively involved in denouncing the violations of Human rights of the most vulnerable individuals in El
Salvador.
Background:
i.The United Nations General Assembly (UNGA) adopted the resolution A/RES/65/196 on 21st December 2010 and
proclaimed the 24th March of every year as the International Day for the Right to the Truth Concerning Gross
Human Rights Violations and for the Dignity of Victims.
ii.The first International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity
of Victims was observed on 24th March 2011.
Efforts of UN towards Human Rights:
i.The study conducted by the Office of the UN High Commissioner of Human rights(OHCHR) in 2006 concluded that
the right to truth about gross human rights violation and violation against human right laws is an autonomous right
linked to the duty of the state to protect human rights.
ii.In accordance with the Mexico agreements of 27th April 1991, the Commission on the Truth for El Salvador was
established to investigate the acts of violence that had occurred since 1980 and its impact on society.
International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2021 – March
25
The United Nations(UN)’s International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave
Trade is annually observed across the globe on 25th March to honour and remember the victims of the brutal slavery
system.
International Day of Solidarity with Detained and Missing Staff Members 2021 – March 25
The United Nations(UN)’s International Day of Solidarity with Detained and Missing Staff Members is annually
observed across the globe on 25th March. The day recognises the dangers encountered by the UN staff members as
they carry out their work for the United Nations.
• The day also marks the anniversary of the abduction of Alec Collett, a former journalist, who worked for the
UN Relief and Works Agency for Palestine Refugees in the Near East(UNRWA).
• He was abducted by an armed gunman in 1985 and his body was found in Bekaa Valley, Lebanon in 2009
Purpose of the day:
To mobilise action, demand justice and strengthen the resolve to protect UN staff, peacekeepers and the members of
the non-governmental community and the press associated with the UN.
Protection of UN staff:
i.The UN Security Council adopted the resolution S/RES/868(1993), the first resolution on staff security, on 29th
September 1993.
ii.The negotiations took place in the 6th (Legal) committee of the UNGA on an international legal convention to
protect UN personnel.
iii.Convention on the Safety of United Nations and Associated Personnel, which was adopted by the UN General
Assembly on 9 December 1994 was the result of those negotiations.
Department of Food & Public Distribution launches ‘Mera Ration’ Mobile app under ONORC Plan
On March 12, 2021, the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food & Public
Distribution launched the ‘Mera Ration’ Mobile app under the ‘One Nation One Ration Card (ONORC)’ plan. It aims to
benefit ration card holders who move to new areas for livelihoods.
• The mobile app has been developed by the Department of Food & Public Distribution along with the National
Informatics Centre (NIC).
• Objective – To ensure better implementation of the ONORC Scheme.
• Targeted Beneficiaries – Beneficiaries of the National Food Security Act (NFSA), with a focus on Migrant
workers, Fair Price Shop (FPS) dealers & other relevant stakeholders.
CAIT Launches Vendor Onboarding App for its upcoming ‘Bharat e Market’
Confederation of All India Traders (CAIT) launched a vendor onboarding mobile app for its upcoming e-
commerce portal ”Bharat e-Market”. This application allows businesses and service providers to register on the
portal and create their own “e-dukaan(an online shopping store)”.
• There will be no charge for creating an e-dukaan nor any commission on business done on the portal. The
other e-commerce portals are charging commission from 5% to 35% on transactions done on their portal.
• Bharat e-Market has been developing with the motive of supporting e-commerce traders and consumers of
India against foreign e-commerce companies which said to be violating the country’s FDI policy norms.
• No foreign investment in the portal will be accepted and users’ data will remain in India.
Govt focused to Develop & Strengthen India’s First own Mobile Appstore – “Mobile Seva Appstore”: Ravi
Shankar Prasad
On 18th March 2021, Ravi Shankar Prasad, Union Minister, Ministry for Electronics and Information
Technology(MeitY), stated that the government is keen to develop and strengthen India’s first indigenously
developed mobile app store – “Mobile Seva Appstore”.
This digital app store for government and private apps is a part of India’s efforts towards self-reliance.
Need for Mobile Seva app store:
i.India is the largest user of mobile apps.
ii.According to the India App Market Statistics report 2021, around 5% of the apps on android were developed by
Indian app developers.
iii.In the absence of India’s own app store, the dependence on Google and Apple for the digital service has affected the
digital ecosystem of India.
Mobile Seva App Store:
Mobile Seva is an innovative initiative launched by MeitY and implemented by CDAC to enable all Government
departments and agencies at the Centre, State and Local levels in the country to deliver their services through various
channels of mobile such as SMS, IVRS, USSD, Mobile Application and AppStore.
i.Mobile Seva AppStore is a mobile application hosting platform owned by the Government of India.
ii.The app store is based on service-oriented architecture and cloud-based technologies using open standards.
Features:
i.The government Departments and Developers can host their mobile application related to Government and other
public services on the Mobile Seva Appstore.
ii.The developers can host the mobile applications related to the public services related to health, education,
agriculture, financial, online payments and others.
iii.The verified and signed APK files can be uploaded on the AppStore free of cost and these apps can be downloaded
free of cost.
About Ministry for Electronics and Information Technology(MeitY):
Union Minister– Ravi Shankar Prasad (Lok Sabha- Patna Sahib, Bihar)
MoS– Sanjay Dhotre(Lok Sabha – Akola, Maharashtra)
‘UPFPO Shakti Portal’- UP CM Yogi Adityanath Launches India’s 1st of its kind FPO Portal
On March 21, 2021, Uttar Pradesh (UP) Chief Minister (CM) Yogi Adityanath launched UPFPO (Uttar Pradesh
Farmer Producer Organization) Shakti Portal as part of the Kisan Kalyan Mission in Gorakhpur, UP. It is the 1st of
its kind in India.
Nagaland Health Minister, S Pangnyu Phom launched an app ‘i-Learn’ for CHOs
On March 23, 2021, Nagaland Health and Family Welfare Minister S Pangnyu Phom, launched a capacity building and
performance tracking application, i-Learn for Community Health Officers (CHOs) in Nagaland.
• The app is launched with the support of project NISHTHA which is funded by the United States Agency for
International Development (USAID) and implemented by Jhpiego.
• NISHTHA is supporting Nagaland to obtain comprehensive primary healthcare through the operationalization
of Ayushman Bharat – Health and Wellness Centres.
About ‘Naga Telehealth’:
On September 9, 2020, S Pangnyu Phom in partnership with USAID’s NISHTHA-Jhpiego launched a telemedicine
platform ‘Naga Telehealth’ to help people in remote areas to avail easier access to doctors for consultation. Under this
platform, more than 1000 teleconsultations have been conducted so far.
The objective of the app ‘i-learn’:
• It is a self-facilitated learning app for CHOs to learn about new skills in clinical and non-clinical areas.
• It is committed to supporting the state towards COVID19 and strengthening comprehensive primary
healthcare.
Jhpiego’s NISHTHA:
• It is a five-year project of Jhpiego, funded by USAID, which aims to transform, redesign and re-engineer
primary health care in India
Recent Related News:
The government of India, the Government of Nagaland & the World Bank signed a USD 68 Million (~ INR 490 Crore)
Project for improving the governance of schools across Nagaland. The program is called ‘Nagaland: Enhancing
Classroom Teaching and Resources Project’.
About Nagaland:
Capital – Kohima
Chief minister – Neiphiu Rio
Governor – RN Ravi
Nirmala Sitharaman launches 2 Tech initiatives of MCA – ‘Central Scrutiny Centre’ & IEPFA Mobile App
On March 25, 2021, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman virtually launched 2 Tech-
enabled initiatives of the Ministry of Corporate Affairs (MCA) – Central Scrutiny Centre (CSC) & Mobile app of IEPFA
ENVIRONMENT
Researchers Discover 5 new Species of Shrub Frogs in Western Ghats
Researchers from India’s University of Delhi and Kerala Forest Research Institute along with University of Minnesota,
USA have discovered 5 new species of Shrub Frogs (genus
Raorchestes) in Western Ghats. Their findings were
published in ‘PeerJ’ journal, the findings came as an outcome of
a long comprehensive study on the Shrub frogs that was
conducted in Western Ghats over a period of 10 years.
5 New Species:
• Raorchestes kakkayamensis (Kakkayam Shrub Frog)
• Raorchestes drutaahu (Fast-calling Shrub Frog)
• Raorchestes keirasabinae (Keira’s Shrub Frog)
• Raorchestes sanjappai (Sanjappa’s Shrub Frog)
• Raorchestes vellikkannan (Silver-eyed Shrub Frog)
African Elephants listed under IUCN Red List as Endangered & Critically Endangered
On 25th March 2021, The International Union for Conservation of Nature (IUCN) has listed the African
Elephants: African forest elephant (Loxodonta cyclotis) as
Critically Endangered and the African Savanna
Elephant (Loxodonta africana) as Endangered in the IUCN Red
List.
i.As a result of new genetic findings, the Afican Elephants are
classified into 2 groups Forest & Savanna Elephant.
ii.Due to extreme Poaching, the population of African Forest
Elephants fell by 86% in the last 31 years & African Savanna
Elephants fell by 60% in the last 50 years.
Note- At present only 4,15,000 African Elephants are present.
iii.There has been a sharp decline in their population since 2008 as a result of Poaching & Illegal Tusk sales.
Note- From India, 10 mammals, 15 birds, 6 reptiles, 19 species of amphibians, 14 fishes are listed as ‘Critically
Endangered’ in the IUCN Red List.
Criteria for listing under Critically Endangered Species:
• Populations have declined or will decrease, by greater than 80% over the last 10 years or three generations.
• Have a restricted geographical range.
Methylobacterium ajmalii: new bacteria found on ISS named after Indian Scientist Ajmal Khan
New bacterial strains were found in different locations on the International Space Station (ISS). The new species is
named “Methylobacterium ajmalii” to honour the renowned Indian biodiversity scientist, Dr. Ajmal Khan, a former
professor at Annamalai University, Tamil Nadu.
BANKING TERMINOLOGIES
Liquidity Adjustment Facility (LAF)
Corporation Finance Investigation Department (CFID)
National Payments Corporation of India (NPCI)
Digital Insta Savings Account (DISA)
Capital to Risk (Weighted) Assets Ratio (CRAR)
Trade Receivables Discounting System (TReDS)
India SME Asset Reconstruction Company (ISARC)
Insurance Regulatory and Development Authority of India (IRDAI)
NFC- Near Field Communication
International Financial Services Centres (IFSCs)
National Highways Authority of India(NHAI)
Radio Frequency Identification (RFID)
Ujjivan Small Finance Bank (USFB)
Non-Banking Financial Company (NBFC)
Paytm for Business(P4B)
Federal Deposit Insurance Corp.’s (FDIC)
Asset Management Companies (AMC)
Association of Mutual Funds of India (AMFI)
Centre for Economics & Business Research Ltd (CEBR)
World Economic League Table 2021 (WELT)
Paytm Payments Bank (PPBL)
IMPS (Immediate Payment Service)
INDIAN STATES
About Uttarakhand:
National Parks– Govind National Park, Corbett National Park, and Rajaji National Park
Rishikesh– Yoga Capital of the World
Dehradun– School Capital of India
Mussoorie– Queen Of Hills
Dams – Kalagarh Dam (on river Ramganga), Tehri Dam (India’s Tallest Dam).
Rivers – Alaknanda River, Sarayu River, Pindar River
Major Mountains – Nanda Devi (India’s 2nd Highest mountain after Kangchenjunga), Kamet, Sunanda Devi
About Bihar:
Stadiums– Nalanda International Cricket Stadium, Moin-ul-Haq Stadium
Bird Sanctuary– Barela jheel salim ALi-Jubba Sahni bird sanctuary, Kusheshwar Asthan Bird Sanctuary, Kanwar
Lake Bird Sanctuary, Nakti Dam Bird Sanctuary, Nagi Dam Bird Sanctuary
About Haryana:
City & Nicknames
• Millennium City of India – Gurugram
• Industrial City of India – Faridabad
Haryana produces India’s 64% of Tin.
Famous Sikh religious site, “Gurudwara Nada Sahib” is located in Haryana.
About Chhattisgarh:
Capital– Raipur, Bilaspur (Law Capital)
Governor– Anusuiya Uikey
About Mizoram:
National Parks (NP) – Murlen NP, Phawngpui NP (also known as Phawngpui Blue Mountain National Park)
WildLife Sanctuary (WLS) – Khawnglung WLS, Lengteng WLS
About Madhya Pradesh:
Capital: Bhopal
Governor: Anandiben Patel
Chief Minister: Shivraj Singh Chouhan
Hills – Mahadeo, Arera, Idgah
About Karnataka:
Folk Dances – Yakshagana, Dollu Kunitha.
Festivals – Hampi Festival/Vijaya Utsava, Karaga Festival, Kambala Festival.
OTHER COUNTRIES
About Nepal:
Capital– Kathmandu
President– Bidhya Devi Bhandari
About Madagascar:
Capital– Antananarivo
Currency– Malagasy ariary
About Bangladesh:
Prime Minister – Sheikh Hasina
Capital – Dhaka
Currency – Bangladeshi Taka
About Russia:
Capital– Moscow
Currency– Russian Rouble
President– Vladimir Putin
About Norway:
Prime Minister– Erna Solberg
Capital– Oslo
Currency– Krone
About Sri Lanka:
President – Gotabaya Rajapaksa
Capital – Colombo, Sri Jayawardenepura Kotte
Currency – Sri Lankan Rupee
About Fiji
Prime Minister – Frank Bainimarama
Capital – Suva
Currency – Fijian Dollar (FJD)
About Phillipines:
Capital– Manila
Currency– Philippine peso
About United Arab Emirates (UAE):
Capital– Abu Dhabi
Currency– United Arab Emirates dirham
MINISTRY IN NEWS
About Ministry of Education:
Union Minister- Ramesh Pokhriyal ‘Nishank’ (Constituency- Haridwar, Uttarakhand)
Minister of State- Sanjay Shamrao Dhotre (Constituency- Akola, Maharashtra)
In August 2020, the Ministry of Human Resource & Development was renamed back to the Ministry of Education.
About Ministry of External Affairs:
Subrahmanyam Jaishankar Constituency– Gujarat
Minister of State– Vellamvelly Muraleedharan
About Ministry of Statistics and Programme Implementation (MoSPI):
Minister of State (MoS), Independent Charge – Rao Inderjit Singh
About Ministry of Finance:
Union Minister- Nirmala Sitharaman
Minister of State- Anurag Singh Thakur
ORGANIZATIONS IN NEWS
About FICCI:
President– Uday Shankar
Established– 1927
Headquarter– New Delhi
About Indian Space Research Organisation (ISRO)
Chairman– Dr.K. Sivan (Secretary of Department of Space(DoS))
Headquarters– Bengaluru, Karnataka
About All India Football Federation (AIFF):
President– Praful Patel
Headquarters– New Delhi
Founded- 1937
About United Nations Programme on HIV/AIDS (UNAIDS):
Executive Director– Winnie Byanyima
Headquarters– Geneva, Switzerland
About International Civil Defence Organization (ICDO):
Secretary-General– Njoupouo YAP Mariatou
Headquarters– Geneva, Switzerland
Members– Member States(59 state), Observer States (16 States), Affiliated Members (22 States)
About World Health Organization (WHO):
Director General– Tedros Adhanom Ghebreyesus (Ethiopia)
Headquarters– Geneva, Switzerland
About Securities and Exchange Board of India (SEBI):
Establishment– 1992
Chairman– Ajay Tyagi
Headquarter– Mumbai, Maharashtra
About World Customs Organisation (WCO):
Members – 183
Secretary General – Kunio Mikuriya
Headquarters – Brussels, Belgium