Thursday 11 March 2021
GK Update of sixth March 2021 protecting the next information headlines: Jagrut Tripura, Kisht Suraksha, RuPay SoftPoS, Axis Securities, UN Assistant Secretary-General, Solid Fuel Ducted Ramjet.
State News
1. Digital platform ‘Jagrut Tripura’ launched by CM to spice up e- governance
- The Tripura authorities has give you a digital platform ‘Jagrut Tripura’ to assist individuals get advantages from numerous schemes of the Centre and the state authorities. At least 102 schemes of assorted departments of each governments can be found on the platform.
- The ‘Jagrut Tripura’ will empower residents of the northeastern state. The digital platform is among the many proactive initiatives undertaken by the state authorities to spur a technology-led innovation ecosystem to make ‘Atmanirbhar’ (self-reliant) Tripura.
- The venture was developed by EasyGov, a Jio Group firm, and it will likely be obtainable to all of the residents of Tripura. “With ‘Jagrut’, we need to empower individuals to get the advantages they deserve, and the main focus is on constructing a family-centric, progressive mannequin having ‘one data one source’ and privateness on the core.
Important takeaways for all aggressive exams:
- Chief Minister of Tripura: Biplab Kumar Deb; Governor: Ramesh Bais.
Business News
2. HDFC ERGO launches Business Kisht Suraksha cowl
- HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cowl. It is a singular cowl that was launched with the goal of defending the steadiness sheet of Microfinance Institutions (MFIs), monetary establishments and banks if any disaster or a pure catastrophe happens.
- This was launched with the goal of limiting the impacts on the steadiness sheet of economic establishments which happens due to non-payment of EMIs by debtors or due to a number of calamities like earthquakes, floods, cyclones.
- The Business Kisht might be customised as per the wants of the person MFI or monetary establishment (FI). It will also be tailored based mostly on the geographical presence of the borrower, MFI or any FIs.
- The MFIs or FIs would even be given the choice to pick the variety of EMIs which could want insurance coverage protection.
Important takeaways for all aggressive exams:
- HDFC ERGO CEO: Ritesh Kumar.
- HDFC ERGO Headquarters: Mumbai.
- HDFC ERGO Founded: 2002.
3. NPCI Partners SBI Payments to launch “RuPay SoftPoS” for Merchants
- National Payments Corporation of India (NPCI) and SBI Payments have partnered to launch “RuPay SoftPoS” for Indian retailers.
- The RuPay SoftPoS resolution will present an economical acceptance infrastructure to retailers at a nominal price. This revolutionary resolution has the aptitude to remodel NFC enabled smartphones into service provider Point of Sale (PoS) terminals for the retailers.
- RuPay SoftPoS is predicted to supply seamless, cost-effective acceptance infrastructure to retailers at a nominal price, and assist deepen the digital cost acceptance amongst hundreds of thousands of underserved Indian MSMEs.
- RuPay SoftPoS will allow retailers to make use of their near-field communication (NFC)-enabled smartphones because the level of sale (PoS) terminals and settle for cost as much as Rs 5,000 by a easy faucet and pay mechanism.
- Merchants can convert their present android smartphone gadgets right into a cost terminal by merely downloading a supported app.
- This resolution will revolutionise the best way micro and small retailers obtain funds and create a demarcated shift of their tendency to deal in money to accepting safe, contactless digital funds as a substitute.
Important takeaways for all aggressive exams:
- National Payments Corporation of India MD & CEO: Dilip Asbe.
- National Payments Corporation of India Headquarters: Mumbai.
- National Payments Corporation of India Founded: 2008.
Banking News
4. Axis Securities’ new platform to make an funding in bond
- Axis Securities has introduced the launch of ‘YIELD’ – a web-based platform to purchase and promote bonds in addition to debentures within the secondary market. By providing aggressive charges and technical know-how, YIELD would empower the buyers to make the fitting funding resolution.
- The trades and settlement of transactions executed can be reported on the BSE NDS (new debt phase) platform.
- “YIELD is the first-of-its-kind initiative that allows retail investors direct access to the debt instruments,” the brokerage home mentioned in an announcement.
- This new instrument will take away the effort of filling up bodily varieties or the necessity for separate KYC with the bond establishments, it added.
- To facilitate transactions solely insecure choices, it aggregates solely ‘AAA’ to ‘A’ rated high quality debt devices obtainable for funding within the secondary market.
Important takeaways for all aggressive exams:
- Axis Bank Commenced operations: 1994.
- Axis Bank Headquarters: Mumbai, Maharashtra.
- Axis Bank Tagline: Dil Se Open.
- Axis Bank MD and CEO: Amitabh Chaudhry.
Appointments News
5. Ligia Noronha appointed UN Assistant Secretary-General
- UN chief Antonio Guterres has appointed main Indian economist Ligia Noronha as Assistant Secretary-General and Head of the New York Office of the United Nations Environment Programme (UNEP).
- Prior to becoming a member of the UNEP, Noronha labored at The Energy and Resources Institute (TERI) in New Delhi as Executive Director (Research Coordination) and as Director of the Division on Resources, Regulation and Global Security.
Important takeaways for all aggressive exams:
- United Nations Environment Programme Headquarters: Nairobi, Kenya.
- United Nations Environment Programme Head: Inger Andersen.
- United Nations Environment Programme Founder: Maurice Strong.
- United Nations Environment Programme Founded: 5 June 1972.
6. Tarun Bajaj to take extra cost of Revenue Secretary
- Department of financial affairs secretary, Tarun Bajaj has been given the extra cost of income secretary. Present income secretary Ajay Bhushan Pandey retires on February 28.
- The Centre has determined to not grant an extension to finance secretary Ajay Bhushan Pandey who was additionally holding extra cost of the income division within the finance ministry.
- Tarun Bajaj, an outdated hand on the Finance Ministry, assumed cost as Economic Affairs secretary final May, at a time when India noticed the worst development contraction in historical past on account of the Covid-19 pandemic.
Agreements News
7. Kotak Mahindra Bank tie-up with Indian military to deal with wage accounts
- Private sector lender Kotak Mahindra Bank will deal with the wage account of the Indian military personnel. The financial institution has signed a memorandum of understanding (MoU) with the Indian Army right here for a wage account.
- The MoU permits Kotak to supply its wage account proposition, mixed with unique advantages for the Indian Army, to all military personnel – each lively and retired.
- The wage account will cowl different advantages equivalent to a bespoke wage account for the military personnel, enhanced complimentary private accident insurance coverage cowl – for each on-duty and off-duty incidents.
- It covers unintended demise for complete or partial everlasting incapacity. It will even supply particular schooling profit for youngsters and extra woman baby profit by protecting dependent kids of as much as 22 years within the occasion of an accident declare by the wage account holder.
Important takeaways for all aggressive exams:
- Kotak Mahindra Bank CEO: Uday Kotak.
- Kotak Mahindra Bank Establishment: 2003.
- Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra.
- Kotak Mahindra Bank Tagline: Lets generate profits easy.
Defence News
8. DRDO efficiently flight take a look at SFDR expertise
- The Defence Research and Development Organisation (DRDO) carried out a profitable flight take a look at of Solid Fuel Ducted Ramjet (SFDR) expertise from the built-in take a look at vary (ITR), Chandipur, off Odisha coast.
- The SFDR expertise will assist DRDO with the technological benefit to develop long-range air-to-air missiles (AAMs). DRDO started creating SFDR first in 2017 and had carried out profitable exams in 2018 and 2019 as nicely.
- The SFDR is a missile propulsion system being developed primarily by the Defence Research and Development Laboratory (DRDL) and Research Centre Imarat (RCI) in Hyderabad.
Important takeaways for all aggressive exams:
- Secretary Department of Defence Research and Development & Chairman DRDO: Dr G Satheesh Reddy.
- DRDO Headquarters: New Delhi.
- DRDO Established: 1958.
Ranks and Reports News
9. India downgraded from ‘free’ to ‘partly free’ in democracy report
- India’s standing as a democracy and free society has been downgraded to “partly free” within the newest annual report on world political rights and liberties by Freedom House, a US government-funded NGO that research political freedom world wide.
- The report titled “Freedom in the World 2021 – Democracy under Siege”. India’s fall “from the upper ranks of free nations could have a particularly damaging impact on global democratic standards”.
- India had been rated as “free” in Freedom House’s reviews for 2018, 2019 and 2020, although its scores on a scale of 100 had declined throughout this era from 77 to 71. In the newest report, India had a rating of 67 out of 100.
Summits and Conferences News
10. India-Sweden Virtual Summit 2021
- Prime Minister Narendra Modi has participated within the digital India-Sweden summit, with the Prime Minister of Sweden, Stefan Lofven.
- The digital summit was organised to trade views on regional and world points and to debate the bilateral relations between the 2 nations. This was the fifth interplay between the 2 leaders since 2015.
- Both the leaders underlined that the longstanding shut relations between India and Sweden have been based mostly on shared values of democracy, rule of legislation, pluralism, equality, freedom of speech, and respect for human rights.
- Prime Minister Modi welcomed Sweden’s resolution to affix the International Solar Alliance (ISA).
Important takeaways for all aggressive exams:
- Stockholm is the capital of Sweden.
- The krona is the official foreign money of Sweden.
- The present PM of Sweden is Stefan Lofven.
Awards News
11. Bihari Puraskar 2020 to be awarded to Mohankrishna Bohara
- The thirtieth Bihari Puraskar for 2020 can be given to Mohankrishna Bohara for his Hindi e book of Criticism, titled Taslima: Sangharsh Aur Sahitya. The K.K. Birla Foundation introduced this in New Delhi. The e book was printed in 2016.
- Bihari Puraskar carries award cash of two lakh 50 thousand rupees, a Citation and a Plaque. The award is among the three literary awards instituted by the K.K. Birla Foundation in 1991.
- Named after well-known Hindi poet Bihari, the award is given yearly for an impressive work in Hindi or Rajasthani printed within the final 10 years by a Rajasthani author.