Daily current affairs 2nd Jan 2021

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Table of Contents Show
  1. Four Judges elevated as Chief Justices of Odisha, Telangana, Madras and J& K and Ladakh High Courts.
  2. DRDO Celebrates 63rd Foundation Day of its establishment
  3. IFSCA becomes associate member of global lobby group International Organization of Securities Commissions(IOSCO)
  4. ADB, India sign $10 million project readiness financing (PRF) to support projects to expand horticulture in Himachal Pradesh
  5. ADB, India sign $231 million loan to enhance power generation capacity in Assam
  6. Soma Mondal takes over the reins of SAIL as its first woman chairperson
  7. CCI nods for Singapore-based TPG Growth V SF Markets to acquire 8% stake in API Holdings,India
  8. PM lays foundation stone of Light House projects (LHPs) at 6 sites across six states
  9. CCI approves acquisition by Jamnalal Sons Private Limited of 51% of equity share capital of Mukand Sumi Special Steel Limited
  10. IDBI Bank sells 23% stake in life insurance arm to Ageas for Rs.507 crore.
  11. India starts export of Moringa powder keeping in mind its rising global demand
  12. Virtual 2-month Agri-hackathon Atmanirbhar Krishi organised by Dept of Agriculture,Cooperation &Farmers Welfare with IARI,Pusa.
  13. Migsun Acquires Stakes of HDFC and Ansal API in 37.5 Acre Ansal IT City Park, Greater Noida
  14. Indian Railway launches upgraded e-Ticketing Website & Mobile App for booking of online Railway Tickets
  15. MM Naravane,Chief of Army Staff (COAS) holds talks with South Korean counterpart on boosting bilateral military ties.
  16. Cabinet approves Opening of 3 Indian Missions in Estonia, Paraguay and Dominican Republic in 2021
  17. Canada Pension Plan Investment Board(CPPIB) to acquire SoftBank’s 80% in SB Energy for $425 million

Four Judges elevated as Chief Justices of Odisha, Telangana, Madras and J& K and Ladakh High Courts.

S.Muralidharm from Punjab&Haryana HC, Hima Kohli from Delhi HC, Sanjib Banerjee from Calcutta HC and Pankaj Mithal from Allahabad HC were appointed by the President as per clause (1) of Article 217.

Did you Know

Chief Justice of India – Justice Sharad Arvind Bobde

DRDO Celebrates 63rd Foundation Day of its establishment

Established in 1958 with just 10 labs to enhance research work in Defence & develop defence technologies for Armed Forces. DRDO Chairman declared Export as the theme for 2021 & Online Industry Partner Registration Module was launched.

Did you Know

DRDO Chairman – Dr G Satheesh Reddy

IFSCA becomes associate member of global lobby group International Organization of Securities Commissions(IOSCO)

Membership will provide IFSCA (regulator of financial institutions at IFSC) the platform to exchange information & learn from best practices of the regulators of other well established financial centres. IOSCO brings together world’s securities regulators.

Did you Know

GIFT IFSC: 1st international financial services centre in India.

ADB, India sign $10 million project readiness financing (PRF) to support projects to expand horticulture in Himachal Pradesh

PRF for Himachal Subtropical Horticulture, Irrigation, and Value Addition Readiness Project will finance piloting activities, and design & capacity building for an ensuing project that aims to expand horticulture production & farm household income.

Did you Know

ADB:
HQ -Mandaluyong, Manila, Philippines
Established – 1966.

ADB, India sign $231 million loan to enhance power generation capacity in Assam

It is to construct 120MW HEP plant (Kopili river) & will enhance availability of electricity supplied from clean energy by 469 GigaWatt Hour by 2025. This is 3rd tranche loan for Assam Power Sector Investment Programme approved by ADB Board in July 2014.

Did you Know

ADB:
Members – 68 members;
President – Masatsugu Asakawa.

Soma Mondal takes over the reins of SAIL as its first woman chairperson

Soma Mondal took over from Anil Kumar Chaudhary as SAIL Chairman. A veteran in metal sector, Mondal joined SAIL in 2017 from another state-run firm Nalco as its director commercial. She was instrumental in introducing new marketing strategies & products.

Did you Know

SAIL:
HQ – New Delhi;
Founded – 1954.

CCI nods for Singapore-based TPG Growth V SF Markets to acquire 8% stake in API Holdings,India

Singapore based TPG Growth will be jointly funded by TPG (TPG Global, LLC & its affiliates) & Korean Investment Corporation. API Holdings is a company incorporated in India and is the ultimate parent entity of the API Holdings group

Did you Know

CCI:
Established – 2003;
HQ – New Delhi;
Chairman -Ashok K Gupta

PM lays foundation stone of Light House projects (LHPs) at 6 sites across six states

The LHPs are constructed at Indore, Rajkot, Chennai, Ranchi, Agartala & Lucknow under Global Housing Technology Challenge (GHTC)-India, a programme that seeks to build over 1,000 houses each in these cities in 12 months.

Did you Know

GHTC was launched by Union Ministry of Housing & Urban Affairs.

CCI approves acquisition by Jamnalal Sons Private Limited of 51% of equity share capital of Mukand Sumi Special Steel Limited

Entails acquiring share of MSSSL(Target) acquired from Mukand Limited & its nominees by JSPL(Acquirer). Both JSPL & Mukand are part of the same group. JSPL is an unregistered core investment company & MSSSL is a steel manufacturing company

Did you Know

Approved under Section 31(1) of the Competition Act, 2002.

IDBI Bank sells 23% stake in life insurance arm to Ageas for Rs.507 crore.

IDBI Federal Life Insurance Company rebranded as Ageas Federal Life Insurance Company after IDBI sold 23 of its total 48% stake to Ageas Insurance International JV(now has 49%). IFLI is a 3-way joint venture of IDBI Bank, Belgium’s Ageas & Federal Bank.

Did you Know

IDBI Bank:
CEO – Rakesh Sharma;
HQ – Mumbai.

India starts export of Moringa powder keeping in mind its rising global demand

First consignment of 2 tonnes of organic-certified moringa powder was sent to the United States this week.APEDA(responsible for export promotion of agricultural products) has been helping create more moringa processing units to increase exports.

Did you Know

APEDA:
Established – 1986;
Chairman – M.Angamuthu

Virtual 2-month Agri-hackathon Atmanirbhar Krishi organised by Dept of Agriculture,Cooperation &Farmers Welfare with IARI,Pusa.

It is a first of its kind & largest virtual event in history of Indian agriculture to create dialogues & accelerate innovations.With 3 elimination rounds, final 24 winners will get RS 1,00,000 along with incubation support, tech & business mentoring.

Did you Know

Agriculture Minister – Narendra Singh Tomar

Migsun Acquires Stakes of HDFC and Ansal API in 37.5 Acre Ansal IT City Park, Greater Noida

Migsun will have 100% in Ansal IT City Park (SEZ) Tech Zone after acquiring HDFC’s 37% stake and the rest of Ansal API.The real estate group plans to develop the 37.5 acre mixed-use project with 15% Commercial,50% IT & 15% Industrial.

Did you Know

Migsun Group:
Set up in 1992;
CMD – Sunil Miglani.

Indian Railway launches upgraded e-Ticketing Website & Mobile App for booking of online Railway Tickets

Following the govt’s vision of ‘Digital India’, Indian Railways upgraded its e-ticketing website www.irctc.co.in & Rail Connect Mobile App with features like predictive entry suggestions using AI,complete user personalization connected to user login etc.

Did you Know

Railway Minister Piyush Goyal .

MM Naravane,Chief of Army Staff (COAS) holds talks with South Korean counterpart on boosting bilateral military ties.

He called on Gen. Nam Yeong, Chief of Staff of Korean Army to discuss issues of bilateral defence cooperation.Gen. Naravane who was on a 3 day visit to South Korea received a Guard of Honour at Republic of Korea Army Headquarters in Gyeryong.

Did you Know

Guard of Honour: ceremonial welcome to an important visitor.

Cabinet approves Opening of 3 Indian Missions in Estonia, Paraguay and Dominican Republic in 2021

It will help expand India’s diplomatic footprint, deepen political relations, enable growth of bilateral trade, investment & economic engagements, people-to-people contacts, bolster political outreach & support India’s foreign policy objectives.

Did you Know

Capitals:
Estonia:Talinn;
Paraguay:Asuncion;
DR:Santo Domingo

Canada Pension Plan Investment Board(CPPIB) to acquire SoftBank’s 80% in SB Energy for $425 million

SB Energy, also known as SB Energy Global, is a multinational renewable energy corporation formed in 2015 as a subsidiary of Japanese multinational conglomerate SoftBank Group Corp.Bharti Enterprises has 20% stake SB energy as well.

Did you Know

CPPIB is Canada’s largest pension fund.

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