26th February 2021 Current Affairs


GK Update of twenty sixth February 2021 protecting the next information headlines: Carbon Watch, Puducherry, Georgia, Fullerton India Credit Company, Moody’s, ICRA.

National News

1. Union Cabinet approves President’s Rule in Puducherry

  • The Union Cabinet has accepted to dissolve the Puducherry Assembly and impose President’s rule within the Union Territory, following the resignation of the Chief Minister, V Narayanasamy, whose authorities misplaced majority energy within the meeting. The choice was taken as no social gathering claimed to kind a authorities, following which, Lieutenant Governor Tamilisai Soundararajan had beneficial President’s Rule.
  • The approval will now be despatched to the President, Ramnath Kovind. The legislative meeting of the UT will probably be dissolved as soon as the President accords his permission. Prior to this, the President’s rule was imposed in Puducherry between March and July in 1991 when the JD-DMK coalition authorities fell.

International News

2. Irakli Garibashvili as New Prime Minister of Georgia

  • The Parliament of Georgia confirmed Irakli Garibashvili as Prime Minister together with a vote of confidence within the cupboard Garibashvili put ahead. Garibashvili pledged to create a long-term improvement technique for Georgia in his first 100 days in workplace.
  • First, on the agenda, Garibashvili will proceed the important work of the federal government to ably handle the pandemic and speed up the give attention to rebuilding the economic system whereas persevering with to strengthen Georgia’s safety and democratic establishments.

Important takeaways for all aggressive exams:

  • Georgia Capital: Tbilisi; Currency: Georgian lari.

Appointments News

3. Fullerton India Credit Company appointed Shantanu Mitra as CEO and MD

  • Fullerton India Credit Company has appointed Shantanu Mitra as the brand new CEO and Managing Director. He has over 40 years of expertise in monetary providers, with over 20 years at Standard Chartered and Citibank, the place he had stints in India, Singapore and Thailand.
  • His final function in Standard Chartered was Senior Regional Risk Officer, India, Middle East and Africa. His earlier expertise with Fullerton included a stint from 2010 to 2017.

Important takeaways for all aggressive exams:

  • Fullerton India Credit Company Founded: 1994.
  • Fullerton India Credit Company Headquarters: Mumbai.

4. Gautam Thakar made world CEO of OLX Autos

  • OLXGroup appoints Gautam Thakar as world CEO of OLX Autos. He will lead a worldwide organisation with a workforce of greater than 4,000 workers throughout Asia, Africa, Latam, and the United States.
  • OLXGroup introduced the appointment of Gautam Thakar as world CEO of OLX Autos efficient March 15, 2021.

Important takeaways for all aggressive exams:

  • OLXGroup Founded: 2006.
  • OLXGroup Headquarters: Amsterdam, Netherlands.

Summits and Conferences News

5. India, Australia and France maintain trilateral dialogue with give attention to Indo-Pacific

  • A trilateral dialogue was held amongst India, France, and Australia on February 24, 2021, on the senior officers’ degree, with a give attention to additional enhancing cooperation within the Indo-Pacific. The purpose of this trilateral dialogue is to construct robust bilateral relation among the many three international locations and synergies their respective energy to make sure a peaceable, safe, affluent and rules-based Indo-Pacific area.
  • It should be remembered that the primary India-France-Australia Trilateral Dialogue was held nearly on September 9, 2020, at Foreign Secretary-level, for higher coordination within the area.
  • At the senior official degree, the Indian facet was led by Joint Secretary (Europe West) in MEA, Sandeep Chakravorty, whereas the French facet was led by Bertrand Lortholary, Director (Asia and Oceania), and the Australian facet was led by Mr Gary Cowan, First Assistant Secretary (North and South Asia Division) and Mr John Geering, First Assistant Secretary (Europe and Latin America Division).

6. Piyush Goyal addresses sixth International Conference on Pharmaceutical & Medical Devices

  • The sixth version of the International Conference on Pharmaceutical & Medical Device sector was inaugurated by Union Minister of Railways, Commerce & Industry, and Consumer Affairs and Food & Public Distribution Piyush Goyal.
  • To encourage and convey ahead the perfect know-how options and manufacturing, for the general progress of the Pharma & Medical Device sector.
  • The theme of India Pharma 2021: ‘Indian Pharma Industry: “Future is Now”.
  • The theme of India Medical Device 2021 is “India MedTech Future: Innovate & Make in India through Global Alliance”.
  • The convention is organised yearly by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India, together with the Federation of Indian Chambers of Commerce & Industry (FICCI).

Economy News

7. ICRA expects Indian economic system to contract 7% in FY21

  • India’s score company, ICRA has projected the Indian economic system to contract 7 % within the present fiscal (FY21).
  • For the following fiscal, i.e. FY22 (2021-22), ICRA expects a substantial rebound in India’s financial progress to 10.5 per cent resulting from greater central authorities spending, and a pick-up in consumption.

Important takeaways for all aggressive exams:

  • ICRA Headquarters: Gurgaon, Haryana.
  • ICRA Non-Executive Chairman and Director: Arun Duggal.

8. Moody’s initiatives India’s GDP to contract 7% in FY21

  • The US-based score company Moody’s has revised its progress projection for India, and now expects the economic system to contract 7 per cent in fiscal 2020-21 (FY21). This is decrease than its earlier estimate of 10.6 per cent contraction.
  • For the following monetary 12 months, FY22, starting April 1, Moody’s has projected the economic system to develop to 13.7 per cent, as in comparison with 10.8 per cent estimated earlier.

Important takeaways for all aggressive exams:

  • Headquarters of Moody’s: NewYork, United States.
  • President & CEO of Moody’s: Raymond W. McDaniel, Jr.

Sports News

9. Dushyant Chautala re-elected as President of TTFI

  • Dushyant Chautala has been re-elected because the President of Table Tennis Federation of India (TTFI) for a interval of 4 years. He was elected unanimously in the course of the 84th annual assembly of the TTFI, on February 24, 2021.
  • He can also be the present Deputy Chief Minister of Haryana. The 32-year-old was first elected as President of the TTFI in January 2017, turning into the youngest President within the historical past of TTFI.

Important takeaways for all aggressive exams:

  • Headquarters Table Tennis Federation of India: New Delhi.
  • Table Tennis Federation of India Founded: 1926.

Miscellaneous News

10. Chandigarh turned the primary Union Territory in India to launch Carbon Watch

  • Chandigarh turned the first state or Union Territory in India to launch Carbon Watch, a cell utility to evaluate the carbon footprint of a person. Although the app may be accessed by everybody, it has particular choices for the residents of Chandigarh to compile an in depth examine.
  • As an individual downloads the appliance, they might want to fill particulars in 4 components Water, Energy, Waste Generation and Transport (Vehicular motion).
  • In the class of Water, the particular person will probably be required to tell in regards to the consumption of water.
  • In the Energy class, the main points relating to the electrical energy models consumed each month on the home, month-to-month invoice and many others and utilization of photo voltaic power must be furnished.
  • In the Waste class, the person might want to inform in regards to the waste generated on their half and their household. In the transport part, the person must inform them in regards to the mode of transport utilized by the- four-wheeler, two-wheeler or bicycle.

Important takeaways for all aggressive exams:

  • Chandigarh Administrator: V.P. Singh Badnore.