Daily Current Affairs – 6th Jan 2021

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Table of Contents Show
  1. GoI, West Bengal Govt & World Bank Sign $105 Million Project to Improve Waterways in West Bengal
  2. Indian economy expected to contract by 9.6% in FY21: Global Economic Prospects report of World Bank
  3. Ramesh Pokhariyal, Smriti Irani launch ‘Toycathon 2021’ to promote manufacturing of indigenous toys
  4. Boris Johnson cancels Republic Day visit to India over COVID-19 crisis in U.K.
  5. Railway Minister Piyush Goyal launches Freight Business Development Portal
  6. DRDO signs MoU with MAHA-METRO(JV of GoI & Govt of Maharashtra) for implementation of Advanced Biodigester Technology.
  7. India sets up South Asia Group for Energy(SAGE), a high level group, under Ram Vinay Shahi for South Asia energy security.
  8. World’s largest floating solar project at Omkareshwar dam in Madhya Pradesh to begin power generation by 2022-23
  9. First meeting of High Level Project monitoring committee for India funded projects held in Dhaka
  10. RBI makes Legal Entity Identifier mandatory for large-value transactions in RTGS/NEFT from April
  11. RBI unveils guidelines for Payments Infrastructure Development Fund (PIDF) scheme to boost digital payments
  12. Alexander Ellis appointed as new British High Commissioner to India
  13. A Marathon of Focused Webinars for Promoting Quality and Productivity in Indian Industry “Udyog Manthan” begins
  14. UN member States, leaders welcome India, Ireland, Kenya, Mexico and Norway to UNSC
  15. Twitter acquires social podcasting app Breaker, team to help build Twitter Spaces
  16. Madhya Pradesh rolls out ‘Launch Pad Scheme’ to make youth self-reliant
  17. GJC appoints Ashish Pethe as chairman and Saiyam Mehra as vice chairman.
  18. Indigenously designed ballastless tracks to be used for high-speed RRTS trains
  19. Delhi govt. sets up academy to promote Tamil culture to promote the South Indian language and culture in the Capital.
  20. CMS Info Systems to set up 3,000 ATMs for SBI by March; to invest Rs 200 crore
  21. mPension Manipur App launched to ease inconvenience faced by pensioners
  22. Karan Bajwa to head Google Cloud in Asia Pacific

GoI, West Bengal Govt & World Bank Sign $105 Million Project to Improve Waterways in West Bengal

West Bengal Inland Water Transport, Logistics & Spatial Development Project will facilitate passenger & freight movement across the Hooghly river;undertake spatial planning to improve accessibility in Kolkata Metropolitan Area;improving logistics sector.

Did you Know

IBRD loan has maturity of 17 yrs(including grace period of 7yrs)

Indian economy expected to contract by 9.6% in FY21: Global Economic Prospects report of World Bank

6.4 percentage points lower than its June 2020 forecast. Contraction reflects a sharp drop in household spending & private investment;Informal sector has been subject to severe income losses.Growth is expected to recover to 5.4%in 2021 & South Asia by 3.3%

Did you Know

World Bank:
HQ: Washington, USA;
President: David Malpass

Ramesh Pokhariyal, Smriti Irani launch ‘Toycathon 2021’ to promote manufacturing of indigenous toys

Conceptualize new & innovative toys using local material which are economical, affordable, safe & environment friendly;2 categories: for online toys & another for physical toys.Students & faculty members participating can get reward up to Rs.50 lakhs.

Did you Know

Toy market in India is $1 bn but India imports 80% of toys.

Boris Johnson cancels Republic Day visit to India over COVID-19 crisis in U.K.

It is cancelled in view of the pandemic which has escalated in UK because of the new variant of coronavirus. An invitation to be Republic Day chief guest is symbolic from the Indian government’s perspective. UK was chosen for ties post-Brexit.

Did you Know

Johnson would have been the 6th leader from UK to be Chief Guest

Railway Minister Piyush Goyal launches Freight Business Development Portal

Designed to replace physical processes with online to minimise need of human-to-human interaction.Offers customer-centric incentive schemes to facilitate logistic requirements, scheduled movement of cargo,live tracking & monitoring of parcels etc.

Did you Know

Railways targets at least 50% of freight traffic by 2030.

DRDO signs MoU with MAHA-METRO(JV of GoI & Govt of Maharashtra) for implementation of Advanced Biodigester Technology.

DRDO will render technical support for implementation of its advanced biodigester(a non-sewered sanitation technology) Mk-II technology for treatment of human waste (night soil) in metro rail network.The technology has been revamped to save water & space.

Did you Know

Indian Railways already installed about 2.40 lakh biodigesters.

India sets up South Asia Group for Energy(SAGE), a high level group, under Ram Vinay Shahi for South Asia energy security.

Objective is to achieve a balanced & optimal development of energy infrastructure through mutual understanding & cooperation.Cross-border energy trade is a key part of Prime Minister’s neighbourhood-first policy, with plans to build energy links.

Did you Know

Set up under MEA run think tank RIS.

World’s largest floating solar project at Omkareshwar dam in Madhya Pradesh to begin power generation by 2022-23

600 MW solar energy project is to be constructed at Omkareshwar dam(Narmada river),Khandwa.Electricity will be produced in about 2000-hectare water area.International Finance Corporation, World Bank & Power Grid have granted in-principle consent for aid.

Did you Know

Estimated investment in this project stands at Rs 3,000 crore.

First meeting of High Level Project monitoring committee for India funded projects held in Dhaka

It has decided to take steps to ease the tendering process to speed up the implementation of the projects.Bangladesh is the largest development partner under the Line of Credit programme of India with total at $7862 million.

Did you Know

Bangladesh:
Currency: Taka;
Capital: Dhaka

Mandatory LEI system for all payment transactions of value ₹50 crore & above undertaken by entities (non-individuals) using RBI-run Centralised Payment Systems.LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide.

Did you Know

In India,it can be obtained from LEI Ltd,recognised as an issuer

RBI unveils guidelines for Payments Infrastructure Development Fund (PIDF) scheme to boost digital payments

An advisory council (AC) under RBI deputy governor BP Kanungo has been constituted for managing the fund.It will be operational for 3 years effective from January 1, 2021 & may be extended for 2 more years.Fund has a corpus of ₹345 crore.

Did you Know

Fund aims to create payment points in Tier-3 to Tier-6 centres

Alexander Ellis appointed as new British High Commissioner to India

Alexander Ellis has been appointed as new British High Commissioner to India in succession to Sir Philip Barton. He was holding the portfolio of Deputy National Security Adviser in the UK. High Commissioner is ambassador equivalent in Commonwealth Nations

Did you Know

United Kingdom:
Capital: London;
Currency: Pound Sterling.

A Marathon of Focused Webinars for Promoting Quality and Productivity in Indian Industry “Udyog Manthan” begins

DPIIT, Ministry of Commerce & Industry is organizing it with Quality Council of India, National Productivity Council & Industry bodies from Jan 4 to Mar 2,2021.Webinar series comprises 45 sessions for reps from industry,testing & standardization bodies.

Did you Know

Shri Piyush Goyal, Minister for Commerce and Industry.

UN member States, leaders welcome India, Ireland, Kenya, Mexico and Norway to UNSC

Flags of 5 new non-permanent UNSC members were installed at the Security Council during a solemn ceremony organised by the Kazakhstan Mission to the UN. They will be in Council for the 2021-22 term.

Did you Know

India’s Permanent Representative to UN: T S Tirumurti

Twitter acquires social podcasting app Breaker, team to help build Twitter Spaces

Breaker has social element with features like the ability to like & comment on episodes, follow friends to discover new podcasts, share etc.Twitter Spaces is Twitter’s own audio-based networking project, which lets users chat in real time using voice.

Did you Know

Twitter:
CEO: Jack Dorsey;
Founded:2006;
HQ: San Francisco,USA

Madhya Pradesh rolls out ‘Launch Pad Scheme’ to make youth self-reliant

Launched by Women&Child Development Dept for boys & girls coming out of child care institutions & having completed 18 years;52 districts divided into 5 clusters with HQ at Indore,Sagar,Gwalior,Jabalpur&Bhopal;District Admin will provide space to open shops

Did you Know

6 lakh will be provided for each launch pad installation.

GJC appoints Ashish Pethe as chairman and Saiyam Mehra as vice chairman.

All India Gem & Jewellery Domestic Council (GJC),the national apex body of the gems and jewellery industry has appointed Ashish Pethe as Chairman & Saiyam Mehra as its Vice Chairman for a period of two years.GJC represents over 6 lakh players.

Did you Know

GJC HQ: Mumbai.

Indigenously designed ballastless tracks to be used for high-speed RRTS trains

National Capital Region Transport Corporation will use these tracks for India’s first Regional Rapid Transit System (RRTS).Will be suitable for high-speed trains(up to 180 kmph) ;require low maintenance.To be first used on 17 km Sahibabad-Duhai section.

Did you Know

India”s first RRTS corridor between Delhi and Meerut.

Delhi govt. sets up academy to promote Tamil culture to promote the South Indian language and culture in the Capital.

Appointed former municipal councillor and member of the Delhi Tamil Sangam N. Raja as vice-chairman of the academy. It will provide language courses. It will also celebrate and organise cultural festivals for the people of Tamil Nadu.

Did you Know

Delhi:
CM: Arvind Kejriwal;
Deputy CM Manish Sisodia

CMS Info Systems to set up 3,000 ATMs for SBI by March; to invest Rs 200 crore

The outsourced model or Brown Level ATM (BLA) is managed by the service provider on behalf of bank.Most of these ATMs are offsite ATMs. CMS provides end-to-end ATM management service.Rs 200 crore will be for setting up & hire 2000 employees for managing.

Did you Know

CMS Info Systems President Manjunath Rao

mPension Manipur App launched to ease inconvenience faced by pensioners

Provides facilities such as sending feedback to the Treasury office, making queries online & notifying pensioners on status of photographs submitted.App uses AI to detect whether the pensioner is alive or dead from the updated photographs.

Did you Know

Manipur:
CM: N.Biren Singh;
Governor: Najma Heptulla.

Karan Bajwa to head Google Cloud in Asia Pacific

Google Cloud’s India MD Karan Bajwa will be its new leader for Asia-Pacific.He will lead all regional revenue & go-to-market operations for Google Cloud, including on Google Cloud Platform (GCP) & Google Workspace.

Did you Know

He succeeds Rick Harshman.

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