Wednesday 3 February 2021
GK Update of thirty first January and 1st February 2021 masking the next information headlines: Union Budget 2021-22, Lucknow metro, Shivam Sahakari Bank, SBI Card, India Justice Report 2020.
Economy News
1. Union Budget 2021-22 is being offered by FM Nirmala Sitharaman
- Union Finance Minister, Nirmala Sitharaman is presenting the Union Budget 2021 for the third time in a row. The Union Budget is the yearly monetary report estimating the earnings and expenditure offered to stipulate future insurance policies to be adopted by the federal government for sustainable development and improvement.
- The Economic Survey 2020-21 was launched on twenty ninth January 2021 by the Chief Economic Advisor of India, Krishnamurthy Subramanian. According to the survey, India’s financial system might contract 7.7 per cent within the monetary yr that ends on March 31.
- Finance minister Nirmala Sitharaman concluded her Budget speech at 12.50 pm. In February 2020, FM Nirmala Sitharaman spoke for a file 162 minutes — two hours and 42 minutes — in Lok Sabha. FM Sitharaman solely had two pages of her Budget speech unread, when she appeared uneasy and her Budget speech was lower brief.
State News
2. Lucknow metro turns into first to sanitise coaches utilizing UV rays
- Lucknow Metro has develop into the first metro within the nation to make use of ultraviolet rays to sanitise prepare coaches. For this, the LMRC has procured UV sanitization equipment from M/s FB TECH, an Indian agency in Jaipur, Rajasthan.
- The Uttar Pradesh Metro Rail Corporation (UPMRC) has taken inspiration from the New York Metro’s experiment to sanitise trains with UV lamp rays.
- The equipment, which was licensed by the Defence Research and Development Organisation (DRDO) in October 2020, sanitizes your entire coach in simply seven minutes. However, to be able to preserve the prepare bacteria-free, the LMRC is sanitising every coach for quarter-hour.
- This is similar equipment which was additionally utilized by the medical trade to sanitise cinema halls and medical gear on the peak of the coronavirus pandemic in India.
- This equipment is operated by way of a distant and has a swap on/off button.
- The radiation begins after a minute of urgent the on button. In addition, the initiative is economically cheaper than sanitization by way of handbook mode.
Important takeaways for all aggressive exams:
- Uttar Pradesh Capital: Lucknow.
- Uttar Pradesh Governor: Anandiben Patel.
- Uttar Pradesh Chief minister: Yogi Adityanath.
Banking News
3. RBI cancels licence of Kolhapur-based Shivam Sahakari Bank
- According to RBI, the licence of Maharashtra-based Shivam Sahakari Bank has been cancelled because it doesn’t have sufficient capital and incomes prospects. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has additionally been requested to concern an order for winding up the financial institution and appoint a liquidator for the financial institution.
- With the cancellation of licence the method of paying the depositors as per the DICGC Act, 1961 can be set in movement.
- As per the information submitted by the Kolhapur-based financial institution, greater than 99 per cent of the depositors are totally insured by Deposit Insurance and Credit Guarantee Corporation (DICGC).
- The financial institution with its current monetary place can be unable to pay its current depositors in full.
Important takeaways for all aggressive exams:
- DICGC Chairperson: Michael Patra.
- DICGC Founded: 1961.
- DICGC Headquarters: Mumbai.
Appointments News
4. R S Sharma appointed as new CEO of Ayushman Bharat Scheme
- The National Health Authority (NHA) has appointed RS Sharma as the brand new Chief Executive Officer (CEO) of nation’s flagship public medical health insurance scheme Ayushman Bharat, additionally referred to as Pradhan Mantri Jan Arogya Yojana. He would change Indu Bhushan, who’s serving because the Chief Executive of the Ayushman scheme since its inception in 2018.
- RS Sharma, a former chairman of the Telecom Regulatory Authority of India (Trai), who would take cost of the NHA from February 1.
- Ayushman Bharat, a flagship scheme of Government of India, was launched as advisable by the National Health Policy 2017, to realize the imaginative and prescient of Universal Health Coverage (UHC).
- This initiative has been designed to fulfill Sustainable Development Goals (SDGs) and its underlining dedication, which is to “leave no one behind.”
5. SBI Card appoints Rama Mohan Rao Amara as MD & CEO
- SBI Cards and Payment Services Ltd (SBI Card) has appointed Rama Mohan Rao Amara as its Managing Director and Chief Executive Officer for a interval of two years. Rao is a veteran banker, with a profitable profession spanning over 29 years at SBI, the bank card firm. Prior to taking cost at SBI Card, he was the Chief General Manager, SBI Bhopal Circle.
- Earlier this week, Ashwini Kumar Tewari had resigned from the put up of MD and CEO of SBI Card owing to his appointment because the Managing Director of State Bank of India (SBI).
Important takeaways for all aggressive exams:
- SBI Card Founded: October 1998.
- SBI Card Headquarters: Gurugram, Haryana.
Ranks and Reports News
6. Maharashtra tops justice supply in India Justice Report 2020
- The second version of the India Justice Report, India’s solely rating of states on supply of Justice to folks, introduced.
- Maharashtra as soon as once more on the prime of the 18 Large and Mid-sized states (with a inhabitants of over one crore every) within the 2nd Edition of the India Justice Report, an initiative of Tata Trusts, adopted by Tamil Nadu, Telangana, Punjab, and Kerala.
- Through a rigorous 14-month quantitative analysis, the India Justice Report 2020 as soon as once more tracks the progress states have made incapacitating their justice supply buildings to successfully ship companies to all. It takes account of newest statistics and conditions as they existed previous to March 2020. It brings collectively in any other case siloed statistics from authoritative authorities sources, on the 4 pillars of Justice supply–Police, Judiciary, Prisons and Legal Aid.
Sports News
7. BCCI cancels Ranji Trophy 2020-21 for first time
- The Board of Control for Cricket in India (BCCI) has determined to not conduct the Ranji Trophy in 2020-21.
- This would be the first time in 87 years since its inception in 1934-35, that India’s premier first-class cricket nationwide championship is not going to be held in 2020-21 home season. Instead on Ranji Trophy, BCCI has determined to conduct the Vijay Hazare Trophy 50-over match and Senior Women’s One Day match after the completion of the Syed Mushtaq Ali Trophy T20 match.
- Instead on Ranji Trophy, BCCI has determined to conduct the Vijay Hazare Trophy 50-over match and Senior Women’s One Day match after the completion of the Syed Mushtaq Ali Trophy T20 match.
8. BCCI Secretary Jay Shah takes over as President of ACC
- Jay Shah, the incumbent Secretary of Board of Control for Cricket in India (BCCI) has been appointed as the brand new President of the Asian Cricket Council (ACC). He is the youngest particular person ever to be appointed to the workplace.
- He replaces Nazmul Hussain, Chief of Bangladesh Cricket Board (BCB) who was the earlier chief of the ACC.
- The ACC is Asia’s regional administrative physique and it presently consists of 24 member associations. ACC is answerable for organizing the Asia Cup tournaments.
- The 2020 version of the Asia Cup was postponed to June this yr due to the COVID-19 pandemic. Pakistan was to initially host the match however the match is now anticipated to be held in both Sri Lanka or Bangladesh.
Important takeaways for all aggressive exams:
- Asian Cricket Council Headquarters: Colombo, Sri Lanka.
- Asian Cricket Council Chairman: Amitabh Choudhary.
- Asian Cricket Council Founded: 19 September 1983.
Important Days
9. World Leprosy Day 2021: 31 January
- World Leprosy Day is noticed world wide on the final Sunday of January yearly. This yr World Leprosy Day held on 31 January. The day is widely known to boost international consciousness of this lethal historic illness and name consideration to the truth that it may be prevented, handled and cured.
- This yr theme of World Leprosy Day 2021 is “Beat Leprosy, End Stigma and advocate for Mental Wellbeing ”.
- The day was initiated in 1954 by French philanthropist and author, Raoul Follereau, as a tribute to the lifetime of the Mahatma Gandhi who had compassion for folks stricken with leprosy.
Obituaries News
10. Nobel Prize Winner Paul Crutzen passes away
- The Nobel Prize-winning chemist Paul J. Crutzen, has handed away. He received the Nobel Prize in Chemistry in 1995, collectively with Mario J. Molina and F. Sherwood Rowland, for his or her work in atmospheric chemistry, significantly regarding the formation and decomposition of ozone.
- He was identified for his work on the ozone layer and local weather change and for popularizing the time period ‘Anthropocene’ to explain a proposed new period when human actions have a drastic impact on the Earth.
Miscellaneous News
11. Sports Minister Rijiju launches anti-doping reference materials
- Union Minister of Youth Affairs & Sports, Kiren Rijiju has launched a breakthrough Reference Material to be used in chemical testing within the subject of anti-doping. A reference materials collectively synthesised by the National Dope Testing Laboratory (NDTL) and National Institute of Pharmaceutical Education and Research (NIPER), Guwahati.
- The Memorandum of Understanding (MoU) between NDTL and NIPER Guwahati was signed in August 2020 which proposes to synthesize 20 hardly ever out there Reference Materials (RMs) throughout a interval of 3 years.
Important takeaways for all aggressive exams:
- President of WADA: Sir Craig Reedie; Headquarters: Montreal, Canada.
- Founded: 10 November 1999.