12th February 2021 Current Affairs


GK Update of twelfth February 2021 protecting the next information headlines: Samarpan Diwas, India Toy Fair 2021, Meghalaya, Aegon Life, Financial Literacy Week, New Development Bank.

National News

1. Centre Launches Official Website of India Toy Fair 2021

  • The Government of India will organise the first-ever ‘The India Toy Fair, 2021′ from February 27, 2021, to March 02, 2021, on a virtual platform. The official website for India Toy Fair-2021 is www.theindiatoyfair.in. This initiative is in line with the Prime Minister’s imaginative and prescient of creating India a world hub for the Toy Industry.
  • The web site and on-line registration have been inaugurated on February 11, 2021, collectively by the Union Education Minister, Dr Ramesh Pokhriyal ‘Nishank’, Union Minister of Textiles, Smt. Smriti Zubin Irani and Union Minister of Commerce and Industry, Shri Piyush Goyal.

State News

2. Meghalaya police inks MoU with SBI for e-Challan

  • memorandum of understanding (MoU) was signed between the Meghalaya police and the State Bank of India for implementation of the e-Challan throughout the jurisdiction of the Shillong Traffic Police (STP).
  • The e-Challan system which might be launched within the days to return is a digital site visitors enforcement answer whereby, imposing penalties on violators of site visitors guidelines and producing of challan might be carried out digitally.
  • The system has been built-in with VAHAN & SARATHI purposes and this can allow the Traffic Officials to fetch the small print of the site visitors violator resembling automobile and driver’s particulars by means of these purposes, thereby, decreasing the time taken to difficulty challan.
  • The cost for site visitors violations might be transacted on the spot by means of money cost or by means of on the spot card funds by swiping at Point of Sale (POS) machine obtainable with the Traffic Officials; choices are additionally obtainable for the site visitors violator to make funds on the Traffic Branches by producing the issued e-Challan on the respective Traffic Units.

Important takeaways for all aggressive exams:

  • Meghalaya Capital: Shillong.
  • Meghalaya Governor: Satya Pal Malik.
  • Meghalaya Chief minister: Conrad Sangma.

Appointments News

3. Satishwar Balakrishnan appointed as Aegon Life’s MD & CEO

  • Aegon Life Insurance, India’s first digital-only life insurance coverage firm, elevated Satishwar Balakrishnan to be the Managing Director & Chief Executive Officer.  Prior to becoming a member of Aegon Life, he has labored with IndiaFirst Life, Reliance Life and ICICI Prudential Life. He is a Chartered Accountant by qualification.
  • Satishwar, who joined the corporate in July 2019 as Chief Financial Officer, will spearhead Aegon Life’s transformation right into a digital-only life insurance coverage firm.

Important takeaways for all aggressive exams:

  • Aegon Life Insurance is headquartered in Mumbai.
  • Aegon Life Insurance Founded in 2008.

Banking News

4. RBI Organises Financial Literacy Week from February 8-12

  • The Reserve Bank of India (RBI) has launched the Financial Literacy Week (FLW) from February 8-12, 2021, to propagate monetary schooling.  RBI conducts Financial Literacy Week (FLW) yearly since 2016 to propagate monetary schooling messages on a specific theme yearly throughout the nation, by means of a targeted marketing campaign.
  • The theme for 2021 FLW is ”Credit Discipline and Credit from Formal Institutions”.
  • Banks have been suggested to disseminate the knowledge and create consciousness amongst its prospects and most people. Further, RBI will undertake a centralized mass media marketing campaign in the course of the month of February 2021 to broadcast important monetary consciousness messages to most people.

Important takeaways for all aggressive exams:

  • RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

5. RBI releases Annual Report of Ombudsman Schemes for 2019-20

  • Reserve Bank of India (RBI) has launched the Annual Report of the Ombudsman Schemes for the 12 months 2019-20. There was a rise of round 65 per cent within the receipt of complaints out of which just about 92 per cent have been disposed of.
  • RBI has three Ombudsman- Banking, Non-Banking Finance Company (i.e. NBFC) and digital transactions. A standard man can method this Ombudsman for his or her grievances.
  • The Banking Ombudsman acquired main complaints concerning ATM & Debit Cards, Mobile & Electronic Banking.
  • NBFC’s Ombudsman acquired most complaints about non-observance of regulatory tips, lack of transparency in contract/ mortgage settlement and levy of fees with out discover.
  • Digital Transactions Ombudsmen acquired most complaints about fund switch. RBI has taken numerous measures for creating consciousness amongst numerous stakeholders to minimise the grievances.
  • As introduced within the Monetary Policy Statement final week, the three Ombudsman Schemes are being merged and built-in right into a single scheme which might be rolled out ranging from June this 12 months.

Business News

6. New Development Bank Commits $100 million in NIIF Fund of Funds

  • The New Development Bank (NDB) has dedicated to take a position USD 100 million (Rs 727.6 crore), into the National Investment and Infrastructure Fund Limited (NIIF) Fund of Funds (FoF).
  • With NDB’s funding, the entire commitments secured by the FoF has reached $800 million (about Rs 5,820 crore). This funding marks NDB’s first fairness funding into India and its first-ever funding right into a Fund of Funds.
  • Currently, the Government of India (GoI), Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) are the investor within the FoF. Now NDB has joined the group. The FoF was established in 2018 with the target of offering homegrown Indian non-public fairness fund managers entry to an India-focused institutional investor that operates at scale.

Important takeaways for all aggressive exams:

  • NIIFL Managing Director & Chief Executive Officer (CEO): Sujoy Bose.
  • NIIFL Headquarters: Mumbai, Maharashtra.
  • New Development Bank Chairperson of the Board of Governors: Anton Siluanov (Russia).
  • New Development Bank Headquarters: Shanghai, China.

7. Manasa Varanasi topped VLCC Femina Miss India World 2020

  • Telangana-based Manasa Varanasi has been topped because the winner of VLCC Femina Miss India World 2020. Manasa Varanasi was topped by the winner of Miss India 2019, Suman Ratan Singh Rao from Rajasthan.
  • The 23-year-old will now signify India on the seventieth Miss World pageant in December 2021. Born in Hyderabad, Manasa Varanasi is an engineer by occupation and works as a monetary info change analyst.

Other winners:

  • Manika Sheokand of Haryana: Miss Grand India 2020
  • Manya Singh of Uttar Pradesh: Miss India 2020 runner-up

8. “Koozhangal” Wins Tiger Award at Rotterdam International Film Festival 2021

  • The Tamil movie “Koozhangal” has gained “Tiger” award, on the fiftieth version of the International Film Festival Rotterdam 2021. The Tiger award is the highest honour of the pageant, given for greatest movie. Koozhangal (which means Pebbles) has been Produced by Nayanthara and directed by Vinod Raj PS.
  • This is the second Indian movie to win this worldwide award and the primary Tamil Film. The first Indian movie was “Durga” directed by the Malayalam director Shashidharan. The Tiger Award value Euro 40,000 money prize, is shared between the director and producer of the successful movie.

Defence News

9. Indian Navy enterprise train “TROPEX” in Indian Ocean Region

  • The Indian Navy is finishing up a mega warfare sport involving nearly all operational belongings like warships, submarines and plane over an enormous geographical expanse within the Indian Ocean Region to check the power’s fight readiness in a posh multi-dimensional state of affairs.
  • The biennial ‘Theatre Level Operational Readiness Exercise (TROPEX)’ goals to validate the Navy’s offensive in addition to defence capabilities and safeguard nationwide pursuits within the maritime area moreover selling peace and stability within the Indian Ocean.
  • The train is being carried out over an enormous geographical expanse within the Indian Ocean Region together with its adjunct waters and is geared toward testing fight readiness of the Navy in a posh multi-dimensional state of affairs set within the context of the present geostrategic setting.

Books and Authors News

10. Jual Oram launches guide on financial consciousness in India

  • Chairperson of the Standing Committee on Defence and MP Jual Oram has launched ‘Turn Around India: 2020- Surmounting Past Legacy’, a guide on creating financial consciousness amongst plenty. The guide is authored by RP Gupta.
  • ‘Turn Around India: 2020’ is an intimate narrative of Gupta’s experiences and the way he attained success by means of sheer onerous work and dedication.
  • The guide offers a sensible and viable choice for reviving Indian economic system for creating new jobs and enlarging public revenue and in addition, the structural reforms resembling fiscal and financial stimuli for overcoming financial disaster arising on account of pandemic.
  • The guide talks concerning the financial historical past of India enabling to determine the strengths and weak spot and take corrective actions.

Miscellaneous News

11. Samarpan Diwas: Deen Dayal Upadhyay Death Anniversary

  • Prime Minister Narendra Modi pays floral tribute to former Bharatiya Jana Sangh chief Pandit Deendayal Upadhyaya on his 53rd dying anniversary as a part of ‘Samarpan Diwas’, in New Delhi on Feb. 11, 2021.
  • Deendayal Upadhyaya was an Indian politician and thinker of right-wing Hindutva ideology espoused by the Rashtriya Swayamsevak Sangh, and chief of the political occasion Bharatiya Jana Sangh, the forerunner of Bharatiya Janata Party.