Friday 22 January 2021
GK Update of 14th January 2021 overlaying the next information headlines: Tesla, Kyrgyzstan, IRDAI, AIIMS Bhubaneswar, Armed Forces Veterans Day, Fire Park.
International News
1. Sadyr Japarov wins the presidential election in Kyrgyzstan
- The frontrunner in Kyrgyzstan’s presidential election, Sadyr Japarov, has received by a landslide. According to the Central Election Commission, Mr Japarov had received 79% of votes solid.
- Mr Japarov, who served time in jail for taking a rival hostage, may even have sweeping new presidential powers after voters by an identical margin opted to amend the structure in a referendum.
- Kyrgyzstan has been in disaster since parliamentary elections final October. The outcomes of these elections had been disputed, resulting in protests and the resignation of then-President Sooronbay Jeenbekov.
Important takeaways for all aggressive exams:
- Kyrgyzstan Capital: Bishkek;
- Kyrgyzstan Currency: Kyrgyzstani som.
State News
2. Naveen Patnaik inaugurates India’s first ‘Fire Park’ in Bhubaneswar
- The Chief Minister of Odisha, Naveen Patnaik just about inaugurated a primary of its variety ‘Fire Park’, to coach and convey consciousness on primary hearth security measures among the many individuals, notably the scholars.
- The ‘Fire Park’ is situated contained in the premises of the Odisha Fire and Disaster Academy in Bhubaneswar.
- The minister additionally launched an internet portal, ‘AgnishamaSeva’ of Odisha Fire Service.
- The hearth park will facilitate demonstrations on use of first assist fire-fighting tools, rescue and catastrophe operations, go to the exhibition corridor, screening of movies and distribution of leaflets on hearth security.
Important takeaways for all aggressive exams:
- Chief Minister of Odisha: Naveen Patnaik.
- Odisha Capital: Bhubaneswar.
- Odisha Governor: Ganeshi Lal.
Schemes and Committees News
3. RBI varieties six-member working group to manage digital lending frauds
- The Reserve Bank of India (RBI) has arrange a working group to review digital lending actions of the regulated and unregulated gamers, because of the rising cases of frauds in digital lending area.
- The group will counsel steps to manage digital lending together with on-line lending platform and cellular lending.
- The group will consider digital lending actions and assess the penetration and requirements of outsourced digital lending actions in RBI regulated entities.
The six-member panel contains of following 4 RBI inside and two exterior members:
- Jayant Kumar Dash, Executive Director, RBI (Chairman)
- Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision (Member)
- P Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI (Member)
- Manoranjan Mishra, Chief General Manager, Department of Regulation (Member Secretary)
- Vikram Mehta, Co-founder, Monexo Fintech (External Member)
- Rahul Sasi, Cyber Security Expert & Founder of CloudSEK (External Member)
4. IRDAI units up panel to look at availability of medical insurance merchandise
- Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has arrange a panel of specialists known as ‘Health Insurance Advisory Committee’ to look at the supply of medical insurance merchandise within the nation, contemplating the necessity of the Indian society and advocate appropriate merchandise and processes.
- The skilled committee shall be headed by IRDAI Chairperson, Subhash Chandra Khuntia and may have a Member (Non-Life) because the vice-chairperson. The committee, which has a time period of one yr.
Important takeaways for all aggressive exams:
- IRDAI Founded: 1999.
- IRDAI Headquarters: Hyderabad, Telangana.
Economy News
5. BofA Securities Projects GDP of India to Contract 6.7% in FY21
- The BofA Securities expects the GDP development of India for the present monetary yr 2020-21 to contract by 6.7 per cent.
- Apart from this, BofA Securities has projected the Indian financial system to develop at 9 per cent in 2021-22 if the vaccine distribution is finished within the first half of the brand new fiscal yr, nevertheless it expects GDP development prospects at simply at 6 per cent if the distribution is delayed to the second half of 2021-22 (October-March).
Important takeaways for all aggressive exams:
- BofA Securities Headquarters: New York, New York, United States.
- BofA Securities Parent group: Bank of America.
- BofA Securities Founded: 1 January 2009.
- BofA Securities CEO: Brian T Moynihan.
6. UBS Projects GDP of India at -7.5% in 2020-21
- Swiss brokerage main UBS Investment Bank has projected the Indian financial system to contract 7.5 per cent within the present fiscal FY21, ending March 2021.
- UBS additional expects the financial system to rebound at 11.5 per cent in FY22. For the FY23, GDP development is predicted to stabilise at 6 per cent.
7. Nomura Estimates India’s GDP to contract 6.7% in FY21
- The Japanese brokerage Nomura has revised upward, the GDP forecast for India in 2020-21 and now expects it to contract to 6.7 per cent.
- Nomura has additional projected the GDP of India to rise to 13.5 per cent in FY22 (2021-22).
Important takeaways for all aggressive exams:
- Nomura President and Group CEO: Kentaro Okuda.
Agreements News
8. NITI Aayog and Flipkart collaborate to reinforce WEP
- NITI Aayog and Flipkart, have come collectively to launch the revamped Women Entrepreneurship Platform.
- The Women Entrepreneurship Platform (WEP) is a unified entry portal which brings collectively ladies from totally different elements of India to understand their entrepreneurial aspirations.
- The concept of the platform was first mooted by Amitabh Kant, CEO, NITI Aayog who introduced the setting-up of a Women Entrepreneurship Platform in NITI Aayog on the conclusion of the eighth Global Entrepreneurship Summit (GES) held in Hyderabad in 2017, with an overarching theme of ‘Women first, prosperity for all’.
Important takeaways for all aggressive exams:
- NITI Aayog Formed: 1 January 2015.
- NITI Aayog Headquarters: New Delhi.
- NITI Aayog Chairperson: Narendra Modi.
- Flipkart headquarters: Bengaluru, Karnataka.
- Flipkart CEO: Kalyan Krishnamurthy.
Awards News
9. AIIMS Bhubaneswar receives Kayakalp Award for third time
- The All India Institutes of Medical Sciences (AIIMS) in Bhubaneswar has proved its mettle as soon as once more for selling cleanliness, hygiene and creating sustainable practices in public well being amenities by profitable the Kayakalp Award Scheme.
- AIIMS Bhubaneswar will get an award of Rs 2 crore for the efficiency. The institute has been adjudged as the perfect central authorities hospital below B class for cleanliness for a third consecutive yr.
- It had earlier acquired the award in 2018 in addition to in 2019 for turning into second cleanest hospital within the nation amongst class B hospitals (lower than 1000 beds) and acquired Rs one crore as prize cash.
Ranks and Reports News
10. India ranks 4th in ‘Break Out Economies’
- Rapidly digitalising India was ranked 4th in “Break Out Economies” within the third version of the Digital Evolution Scorecard developed by Tufts University’s Fletcher School in partnership with Mastercard.
- China which leads the international locations within the “Break Out Economies” group is extra developed digitally due primarily to its mixture of quickly rising demand and innovation.
- Third rank Indonesia, and India, which ranks quantity 4 in momentum, have displayed growing digital momentum suggesting the potential to quickly digitalise for each post-COVID financial restoration and longer-term transformation.
Important Days
11. Armed Forces Veterans Day: 14 January
- In India, the Armed Forces Veterans Day is noticed annually on 14 January since 2017 to acknowledge and honour the selfless devotion and sacrifice of our veterans within the service of the nation. The day was initially known as Armistice Day. 2021 marks the fifth Armed Forces Veterans Day.
- The day is noticed as a mark of respect and recognition of the companies rendered by Field Marshal KM Cariappa OBE, the primary Indian Commander-in-Chief of the Indian Armed Forces who retired on 14 January 1953.
Obituaries News
12. Social Activist and Padma Shri Awardee D Prakash Rao passes away
- Noted social activist and Padma Shri winner, D Prakash Rao has handed away. He was principally a tea vendor based mostly in Cuttack, who spent his total incomes to coach slum kids, by means of the varsity ‘Asha O Ashwasana’, which he began in 2000.
- He was conferred with the celebrated Padma Shri award in 2019 for his contribution in the direction of boosting the worth of schooling amongst slum children in Cuttack. Apart from this, Rao was additionally a widely known blood donor.
Miscellaneous News
13. Tesla units up India subsidiary in Bengaluru
- Elon Musk-owned electrical automobile (EV) firm Tesla has registered a fully-owned subsidiary in Bengaluru, Karnataka.
- Tesla, the world’s most valued carmaker has included a totally owned subsidiary forward as a primary step to arrange an R&D unit and a producing plant for its electrical automobiles within the nation.
- Tesla’s international senior director David Jon Feinstein, chief accounting officer Vaibhav Taneja and Bengaluru-based entrepreneur Venkatrangam Sreeram are on the board of the India unit, Tesla India Motors and Energy Pvt Ltd.
- The workplace, located on Lavelle Road in Bengaluru, is registered with a complete paid-up capital of Rs 1,00,000 and authorised share capital of Rs 15 lakh.
Important takeaways for all aggressive exams:
- Tesla Founded: 1 July 2003.
- Tesla Headquarters: California, United States.