17th June 2021 Current Affairs


GK Update of seventeenth June 2021 overlaying the next information headlines: VivaTech, BRICS Network Universities, Deep Ocean Mission, Policybazaar, SIPRI Yearbook 2021, Project O2 for India.

National News

1. Cabinet approves Deep Ocean Mission of Ministry of Earth Sciences

  • The Union Cabinet chaired by Prime Minister Narendra Modi has accredited the implementation of  “Deep Ocean Mission”.
  • This mission is proposed by the Ministry of Earth Sciences (MoES), to discover the deep ocean for sources and develop deep-sea applied sciences for sustainable use of ocean sources.
  • The 5 yr Mission can be carried out at an estimated price of Rs. 4077 crore in a phase-wise method.
  • The first section can be carried throughout 2021-2024, at an estimated price of Rs. 2823.4 crore.
  • The most important goal of the Deep Ocean Mission is to assist the Blue Economy Initiatives of the Government of India.
  • Ministry of Earth Sciences (MoES) would be the nodal Ministry for implementing this multi-institutional bold mission.

Important takeaways for all aggressive exams:

  • Union Minister of Earth Sciences: Dr Harsh Vardhan.

2. Central Govt launched “Project O2 for India” initiative

  • The authorities of India has launched ‘Project O2 for India’ to step up manufacturing of medical oxygen to satisfy the potential improve in demand on account of additional waves of the pandemic.
  • ‘Project O2 for India’, an initiative of the Office of Principal Scientific Adviser, Government of India (GoI), goals to assist stakeholders working to reinforce the nation’s means to satisfy the rise in demand for medical oxygen.
  • Under the challenge, a ‘National Consortium of Oxygen’ is enabling the availability of important uncooked supplies corresponding to zeolites, organising of small oxygen vegetation, manufacturing compressors, remaining merchandise corresponding to oxygen vegetation, concentrators, and ventilators.
  • Besides, the consortium can also be working to strengthen the manufacturing ecosystem for long-term preparedness.

State News

3. Telangana AI Mission launched ‘Revv Up”

  • Telangana authorities has launched the Telangana AI Mission (T-AIM) powered by Nasscom and as a part of the T-AIM, an accelerator programme known as “Revv Up” has been launched to allow and empower AI startups.
  • The programme that can start its first cohort in July is one other step in the direction of making Telangana and Hyderabad a world vacation spot for AI and different rising applied sciences.
  • The accelerator programme, solely designed for growth-stage AI startups, will cowl varied sectors.
  • Telangana Industries and IT principal secretary Jayesh Ranjan acknowledged, “Telangana is dedicated to its imaginative and prescient of positioning the State because the chief in AI.
  • After changing into the primary state in India to launch an actionable coverage framework for Artificial Intelligence in June 2020, now set in movement the primary version of the Revv Up accelerator programme to hone modern AI concepts beneath T-AIM.

Important takeaways for all aggressive exams:

  • Telangana Capital: Hyderabad;
  • Telangana Governor: Tamilisai Soundararajan;
  • Telangana Chief minister: K. Chandrashekar Rao.

Appointments News

4. Microsoft names CEO Satya Nadella as chairman

  • Microsoft Corp, named Chief Executive Officer, Satya Nadella as its new chairman. He took over because the software program big’s CEO in 2014, succeeding Steve Ballmer.
  • He is credited with bringing new power to the corporate, based in 1975. The firm additionally appointed former chairman John Thompson as a lead unbiased director.
  • The top-level government change comes simply over a yr after Gates stepped down from the board, saying he would give attention to philanthropic works of the Bill and Melinda Gates Foundation, one of many world’s greatest charities.

Important takeaways for all aggressive exams:

  • Microsoft CEO: Satya Nadella;
  • Microsoft Headquarters: Redmond, Washington, United States.

Agreements News

5. ADB inks USD 484 million mortgage with GoI to improve highway community in Tamil Nadu

  • The Asian Development Bank (ADB) and the Government of India have signed a $484 million mortgage, to enhance transport connectivity and facilitate industrial improvement within the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
  • “The challenge is vital to offering seamless highway connectivity throughout industrial clusters, transport gateways and consumption centres, and assist scale back logistics and manufacturing prices for CKIC’s focused industries to spice up their competitiveness.
  • About 590 km of state highways within the CKIC affect areas can be upgraded that cowl 23 of the 32 districts between Chennai and Kanyakumari.
  • CKIC is a part of the East Coast Economic Corridor (ECEC) of India, which stretches from West Bengal to Tamil Nadu.
  • ECEC connects India to the manufacturing networks of South, Southeast, and East Asia.
  • It should be famous that ADB is the lead associate of the Government of India in creating ECEC.

Important takeaways for all aggressive exams:

  • ADB is a regional improvement financial institution established in 1966;
  • ADB Members: 68 international locations (49 members are from Asia pacific area);
  • ADB is headquartered in Mandaluyong, Philippines;
  • Masatsugu Asakawa is the present president of ADB.

Summits and Conferences News

6. IIT Bombay Hosts Conference of BRICS Network Universities 2021

  • The Indian Institute of Technology Bombay (IIT Bombay) is internet hosting a 3 day digital “Conference of BRICS Network Universities”. This convention is being held as part of India’s Chairmanship of the thirteenth BRICS Summit in 2021.
  •  The fundamental goal of BRICS Network University is enhancing instructional cooperation usually, and particularly within the realm of analysis and innovation. The theme of the Conference of BRICS Network Universities is “Electric Mobility”.
  • The occasion will see 18 consultants from Brazil, Russia, India, China and S. Africa ship keynotes on varied facets of electrical mobility like site visitors administration, hydrogen expertise, hybrid autos, lithium-ion batteries and linkage between e-mobility and livelihoods.

7. PM Modi Virtually Addresses fifth version of VivaTech in Paris

  • Prime Minister,  Narendra Modi nearly addressed the fifth version of VivaTech. VivaTech is among the largest digital and startup occasions of Europe, held in Paris yearly since 2016.
  • PM Modi was invited as a Guest of Honour to ship the keynote tackle at VivaTech 2021, which has been organised from 16-19 June 2021 in Paris. During his tackle, PM Modi invited the world to put money into India primarily based on the 5 pillars: Talent, Market, Capital, Eco-system and, Culture of openness.
  • Other distinguished audio system of the occasion embody the President of France Mr. Emmanuel Macron, Prime Minister of Spain Mr. Pedro Sanchez, and Ministers/MPs from varied European international locations.
  • VivaTech is collectively organized by Publicis Groupe, a distinguished promoting and advertising and marketing conglomerate, and Les Echos, a number one French media group.
  • The occasion brings collectively stakeholders in expertise innovation and the startup ecosystem.
  • It consists of exhibitions, awards, panel discussions and startup contests.

Business News

8. Policybazaar will get insurance coverage broking licence

  • Policybazaar has acquired approval from regulator IRDAI to undertake insurance coverage broking, a improvement that can assist the corporate increase enterprise and increase its bouquet of providers.
  • With this improvement, the corporate will give up its net aggregator licence to the Insurance Regulatory and Development Authority of India (IRDAI) and undertake enterprise together with insurance coverage aggregation beneath the broking umbrella.
  • The broking licence will enable the corporate to enterprise into segments which it couldn’t do previously like claims help, offline providers, and set up Points of Presence community. Policybazaar has a market share of 25 per cent within the life insurance coverage section whereas 10 per cent in medical insurance.

Important takeaways for all aggressive exams:

  • Policybazaar CEO: Yashish Dahiya;
  • Policybazaar Founded: June 2008;
  • Policybazaar HQ: Gurugram, Haryana.

Banking information

9. ICICI Bank launches ‘ICICI STACK for Corporates’

  • ICICI Bank has introduced the launch of ‘ICICI STACK for Corporates’, a complete set of digital banking options for corporates and their complete ecosystem together with promoters, group corporations, staff, sellers, distributors and all different stakeholders.
  • The big selection of 360-degree options permits corporates to seamlessly meet all banking necessities of their ecosystem in an expeditious and frictionless method.

The 4 most important pillars of the ‘ICICI STACK for Corporates’ are:

  • Digital banking options for corporations;
  • Digital banking providers for channel companions, sellers and distributors;
  • Digital banking providers for workers;
  • Curated providers for promoters, administrators and signatories.

Important takeaways for all aggressive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Defence News

10. Defence Minister Approves Budgetary Support of Rs 499 cr for improvements

  • Defence Minister Rajnath Singh has accredited the budgetary assist of Rs 498.8 crore for iDEX-DIO (Innovations for Defence Excellence – Defence Innovation Organisation) for the subsequent 5 years.
  • The funds can be used to offer monetary assist to just about 300 start-ups, micro, small and medium enterprises (MSMEs) and particular person innovators with a bigger purpose of making certain self-reliance within the defence sector.
  • The scheme is in sync with the federal government’s push to chop imports of army {hardware} and weapons and make India a hub for defence manufacturing.
  • Facilitate speedy improvement of latest, indigenized, and modern applied sciences for the Indian defence and aerospace sector in shorter timelines.
  • Create a tradition of engagement with modern startups, to encourage co-creation for defence and aerospace sectors.
  • Empower a tradition of expertise co-creation and co-innovation throughout the defence and aerospace sectors.

11. Rajnath Singh approves new coverage for declassification of conflict historical past

  • Defence Minister Rajnath Singh has accredited a coverage on archiving, declassification, compilation and publication of conflict and operations histories by the Ministry of Defence (MoD).
  • However, declassification of older wars just like the 1962 conflict will not be automated and can be taken upon a case by case foundation by a committee to be constituted beneath the brand new coverage.
  • According to the coverage, information ought to ordinarily be declassified in 25 years.
  • Records older than 25 years ought to be transferred to the National Archives of India as soon as the conflict/operations histories have been compiled. However, first, it ought to be evaluated by archival consultants.
  • However, declassification of older wars just like the Henderson Brooks report on the 1962 conflict with China and the Operation Bluestar of 1984 will not be automated. It is taken up on a case-by-case foundation by a committee to be constituted beneath the coverage.

Important Days

12. World Day to Combat Desertification and Drought: 17 June

  • World Day to Combat Desertification and Drought is noticed on seventeenth June yearly. The day is widely known to boost consciousness of the presence of desertification and drought, and spotlight strategies of stopping desertification and recovering from drought.
  • “Restoration. Land. Recovery. We build back better with healthy land” is the theme for 2021 World Day to Combat Desertification and Drought.
  • In 1994, the United Nations General Assembly declared June 17 the “World Day to Combat Desertification and Drought” to market public consciousness of the problem.
  • The World Day to Combat Desertification could also be a singular event to remind all people that desertification is commonly successfully tackled, that options are potential, which key instruments to the current goal lay in strengthened group participation and co-operation within the least ranges.

Miscellaneous News

13. SIPRI Yearbook 2021: China, India, Pakistan increasing nuclear arsenal

  • Stockholm International Peace Research Institute(SIPRI) has launched the SIPRI Yearbook 2021. The report assesses the present state of armaments, disarmament and worldwide safety.
  • China is in the midst of important modernisation and enlargement of its nuclear weapon stock, and India and Pakistan additionally look like increasing their nuclear arsenals.
  • According to the yearbook, India possessed an estimated 156 nuclear warheads in the beginning of 2021 in comparison with 150 in the beginning of final yr, whereas Pakistan had 165 warheads, up from 160 in 2020.
  • China’s nuclear arsenal consisted of 350 warheads up from 320 in the beginning of 2020.
  • The 9 nuclear-armed states – the U.S., Russia, the U.K., France, China, India, Pakistan, Israel and North Korea – collectively possessed an estimated 13,080 nuclear weapons in the beginning of 2021.
  • Russia and the U.S. collectively possessed over 90% of world nuclear weapons and have intensive and costly modernisation programmes underway.

Important takeaways for all aggressive exams: 

  • Sipri Headquarters: Oslo, Norway.
  • Sipri Founded: 6 May 1966.
  • Sipri Director: Dan Smith.

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