Friday 22 January 2021
GK Update of twenty second January 2021 overlaying the next information headlines: Uttarakhand, Karnataka, RBI, Standard Chartered Bank, Axis Bank, Andaman and Nicobar Command.
National News
1. Cabinet approves Rs 5,282-cr funding for 850 MW Ratle challenge on Chenab river
- The Union Cabinet has permitted 850 megawatts (MW) Ratle hydropower challenge value an Rs. 5281.94 crore on Chenab river in Kishtwar district of Jammu and Kashmir. The challenge is being applied beneath the Centre’s plan to expedite strategically necessary hydropower initiatives within the union territory publish its reorganization.
- The challenge shall be developed by a brand new three way partnership firm between state-run National Hydroelectric Power Corporation (NHPC) Ltd and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC), the place NHPC can have a 51% stake within the JV agency, whereas the steadiness shall be held by JKSPDC.
State News
2. CM to inaugurate first child-friendly police station of U’khand
- Uttarakhand Chief Minister, Trivendra Singh Rawat will inaugurate the primary child-friendly police station of Uttarakhand, which is supposed to offer a pleasant surroundings to kids related to crimes.
- The child-friendly police unit has been arrange within the Dalanwala police station with a finances of about Rs 5 lakhs on the advice of the Child Protection Committee of Uttarakhand.
- According to the chairperson of State Commission for Protection of Child Rights (SCPCR) Usha Negi, the youngsters who’re both victims or want correct counselling or go to police station as a consequence of different causes needs to be supplied with a snug and unintimidating surroundings quite than preserving them in a uninteresting and scary environment.
- To maintain kids relaxed, the partitions are painted in vibrant colors and cartoons and the police personnel may even be wearing informal garments quite than their uniforms.
Important takeaways for all aggressive exams:
- Uttarakhand Chief Minister: Trivendra Singh Rawat.
- Governor of Uttarakhand: Baby Rani Maurya.
3. Karnataka CM Yediyurappa launches Avalokana software program
- The Karnataka Chief Minister, BS Yediyurappa lately launched Avalokana software program. The software program will allow the state authorities to entry knowledge on expenditures and sanctions incurred on 1,800 programmes.
- The software program supplies a targeted eye view on Sustainable Development objectives, Scheduled Caste Sub-Plan, Tribal Sub-plan and Centrally Sponsored Schemes.
- It is a clear e-governance software that may present Assembly constituency-wise launch of presidency grants and allocations to completely different authorities programmes.
- This will assist the federal government to determine on releasing funds primarily based on the expenditure incurred by the division.
- It will ultimately improve the federal government maintain over assets. The software program supplies a targeted view on scheduled caste sub-plan, sustainable improvement objectives and tribal sub-plan and centrally sponsored scheme.
Important takeaways for all aggressive exams:
- Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.
Banking News
4. RBI slaps penalty of Rs 2 crore on Standard Chartered Bank
- The Reserve Bank of India (RBI) has imposed a financial penalty of Rs 2 crore on Standard Chartered Bank–India for delays in reporting of frauds.
- The penalty has been imposed on the financial institution for non-compliance with sure instructions issued by it contained within the ‘Reserve Bank of India (Frauds – Classification and Reporting by commercial banks and select FIs) Directions 2016’.
- The discover was issued to the financial institution advising it to point out trigger as to why penalty shouldn’t be imposed on it for such non-compliance with the instructions.
- After contemplating the financial institution’s reply to the discover and oral submissions made within the private listening to, the RBI concluded that the cost of non-compliance with the aforesaid RBI instructions was substantiated and warranted imposition of financial penalty.
Important takeaways for all aggressive exams:
- Standard Chartered Bank CEO: Bill Winters.
- Standard Chartered Bank Headquarters: London, United Kingdom.
- Standard Chartered Bank Founded: 1969.
5. SBI, ICICI Bank, HDFC Bank stay as (D-SIBs)
- The RBI state-owned SBI, together with private-sector lenders ICICI Bank and HDFC Bank proceed to be Domestic Systemically Important Banks (D-SIBs) or establishments that are ‘too big to fail’.
- SBI, ICICI Bank, and HDFC Bank proceed to be recognized as Domestic Systemically Important Banks (D-SIBs), beneath the identical bucketing construction as within the 2018 listing of D-SIBs.
- SIBs are subjected to larger ranges of supervision in order to stop disruption in monetary companies within the occasion of any failure.
- The Reserve Bank had issued the framework for coping with D-SIBs in July 2014.
- The D-SIB framework requires the central to reveal the names of banks designated as D-SIBs ranging from 2015 and place these lenders in acceptable buckets relying upon their Systemic Importance Scores (SISs).
- SIBs are seen as ‘too big to fail (TBTF)’, creating the expectation of presidency help for them in occasions of economic misery. These banks additionally take pleasure in sure benefits in funding markets.
Important takeaways for all aggressive exams:
- Reserve Bank of India (RBI) Headquarters: Mumbai, Maharashtra.
- Reserve Bank of India Establishment: 1 April 1935.
- Reserve Bank of IndiaGovernor: Shaktikanta Das.
6. Axis Bank launches Aura Credit Card with well being, wellness advantages
- Axis Bank has unveiled a credit score ‘AURA’ solely loaded with a number of well being and wellness advantages for its customers at an inexpensive worth.
- Axis Bank has partnered with Poshvine to supply advantages and specialists equivalent to Decathlon, Practo, Fitternity, IndushealthPlus, 1MG and so on., to supply a whole and distinctive well being & wellness resolution to the cardholders.
- Cardholders will get a reduction on annual medical checkup by way of IndushealthPlus.
- It gives as much as 4 free on-line video consultations for a month, with around the clock entry to medical doctors on all 21 specialities. This is obtainable by Procto.
- It additionally gives 4 free on-line interactive health classes for a month by Fitternity.
- Through this card, the customers can have entry to 16 recorded coaching classes for one month and may select from a variety of classes equivalent to yoga and cross-functional coaching applications, and so on.
Important takeaways for all aggressive exams:
- Axis Bank Commenced operations: 1994.
- Axis Bank Headquarters: Mumbai, Maharashtra.
- Axis Bank Tagline: Badhti Ka Naam Zindagi Managing.
- Axis Bank MD and CEO: Amitabh Chaudhry.
Defence News
7. Andaman and Nicobar Command to conduct joint navy train ‘Kavach’
- The Indian Army is to conduct a big scale joint navy train Kavach within the Andaman Sea and Bay of Bengal. The train is to be held beneath the aegis of Andaman and Nicobar Command.
- The Joint Military Exercise Kavach will contain Indian Navy, Indian Army, Indian Air Force and Indian Coast Guard.
- During the train, the joint forces will execute high-density offensive and defence measures within the Andaman sea and Bay of Bengal. Also, they’ll perform amphibious touchdown operations, helicopter-borne insertion of particular forces from sea culminating in tactical follow-on operations on land.
- The train is to fine-tune the joint conflict capabilities of all of the three forces of India.
- Kavach Exercise may even contain coordinated air and maritime strikes, synergized software of maritime surveillance property, air defence and touchdown operations.
- Along with Kavach Exercise, the Joint Intelligence Surveillance Reconnaissance (ISR) Exercise may even be held. The ISR will validate the capabilities of intelligence gathering. Also, it can validate the capabilities of data sharing from area, land, air and sea.
Ranks and Reports News
8. The Global Risks Report 2021 launched
- The World Economic Forum (WEF) has launched the Global Risks Report 2021, sixteenth Edition. The findings of the report are primarily based on the Global Risks Perception Survey (GRPS) undertaken by over 650 members of WEF’s numerous management communities. The Report is ready with Strategic Partners, Marsh McLennan in Partnership with SK Group and Zurich Insurance Group.
- The report is being launched earlier than WEF’s upcoming digital Davos Agenda scheduled to be held between January 25-29, 2021. The predominant goal behind the publishing of the report is to allow higher preparation by Government & different International Communities throughout the occasions of disaster.
Important takeaways for all aggressive exams:
- World Economic Forum Founder and Executive Chairman: Klaus Schwab.
- World Economic Forum Headquarters: Cologny, Switzerland.
Science and Technology News
9. MeITY and AWS introduced Quantum Computing Applications Lab in India
- The Ministry of Electronics and Information Technology (MeitY) has introduced the institution of a Quantum Computing Applications Lab in partnership with Amazon Web Services (AWS).
- The transfer will give choose researchers, scientists entry to Amazon’s Bracket cloud-based quantum computing service.
- It is to be applied by the Department of Science and Technology working beneath the Ministry of Science and Technology.
- The mission focuses on elementary science, expertise improvement and addresses the problems regarding the nationwide priorities.
- It will put together next-generation expert manpower and encourages entrepreneurship and startup ecosystem improvement.
- The Union Budget 2020-21 had proposed to spend Rs 8,000 crores on the National Mission on Quantum Technologies and Applications.
Important takeaways for all aggressive exams:
- Minister of Electronics and Information Technology: Ravi Shankar Prasad.
- Amazon Web Services CEO: Andy Jassy.
- Amazon Web Services Founded: 2006.
- Amazon Web Services Headquarters: Seattle, Washington, United States.
Obituaries News
10. Malayalam actor Unnikrishnan Namboothiri passes away
- Veteran Malayalam actor, Unnikrishnan Namboothiri has handed away whereas contracting COVID-19. He made his appearing debut in 1996 with Desadanam. However, he turned a family title among the many Malayalam movie viewers for his efficiency as a witty grandfather in Kalyanaraman (2002).
- Unnikrishnan is well-known for films like Kaikudunna Nilavu (1998), Kaliyattam (1997), Pammal K Sambandam (2002), Sadanandante Samayam (2003), Madhuranombarakattu (2000), Rappakal (2005), and Pokkiri Raja (2010).