Daily Current Affairs Jan 14th, 2021

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MoU approved on scientific & technical cooperation between National Centre of Meteorology,UAE & Ministry of Earth Sciences,India

It enables sharing of knowledge,data &operational products for meteorological, seismological &oceanic services: radar,satellite,tide gauges,seismic & met stations;cooperation to support Tsunami Early Warning Centre,early warnings of sand & dust storms etc

Did you Know
Minister of Earth Sciences: Dr.Harsh Vardhan

Govt clears Rs 47,000-cr deal for 83 Tejas Mk 1A;HAL is to deliver 73 fighters and 10 trainers by 2026.

New aircraft comes with 4 major capability enhancements:mid-air refuelling, Active Electronically Scanned Array Radar, Electronic Warfare suite & Beyond Visual Range missile. Indigenous content of LCA-Tejas is 50% in Mk1A variant & will be enhanced to 60%

Did you Know
500 Indian companies will be working with HAL in this.

2nd edition of Janaagraha City Governance Awards

5 categories: Odisha won Best State &Best Civic Agency; Gujarat, Best State Election Commission;Kerala Best State Finance Commission; Indore for its PPP Based Integrated Solid Waste Management won Best Municipality; Maharashtra won runners-up in 4 categories.

Did you Know
Held in memory of Mr V Ramachandran, a doyen of decentralisation

RBI slaps ₹2 crore fine on Deutsche Bank AG for breach of norms on deposit rates

Non-compliance with certain provisions of directions issued by RBI contained in RBI (Interest Rate on Deposits) Directions, 2016. Penalty imposed under provisions of Section 47 A(1)(c) read with Section 46 (4)(i) of Banking Regulation Act,1949.

Did you Know
Deutsche Bank AG/India:
HQ:Mumbai;
CEO:Kaushik Shaparia

Flipkart partners Logistics Skill Sector Council, KSDC to set up Centre of Excellence in Bengaluru

It is for building skilled & trained workforce for e-commerce industry. Flipkart has co-developed training module along with LSC & KSDC to train candidates on various nuances & certification under National Skill Qualification Framework will be given.

Did you Know
A certificate is recognised across 7 countries including Australia

Kerala becomes 8th State to complete ease of doing business reforms;Additional borrowing permission of Rs. 2,373 crore granted

Reform includes completion of first assessment of ‘District Level Business Reform Action Plan’, elimination of various requirements by businesses & implementation of computerized central random inspection system. 8 States have been granted Rs.23149 crore.

Did you Know
Kerala:
CM:Pinarayi Vijayan;
Governor:Arif Mohammad Khan.

Aviva India appoints Amit Malik as Chief Executive Officer & Managing Director.

Amit succeeds Trevor Bull whose 6 yr term ended on Dec 31,2020.With over 21 yrs of experience in financial services industry,Amit has been part of Aviva Leadership Team since Dec 2012.Aviva India is JV between Aviva plc, a British assurance company & Dabur

Did you Know
Aviva India HQ: Gurugram.

Bharat Biotech inks deal with Precisa Medicamentos for supply of COVAXIN to Brazil

Brazil govt will procure Covaxin directly while supply to private market will be subjected to authorisation from Brazilian regulatory authority ANVISA.Bharat Biotech,ICMR & NIV developed Covaxin. It is a highly purified and inactivated 2-dose vaccine.

Did you Know
Bharat Biotech:
CMD Dr.Krishna Ella;
HQ:Hyderabad

Tech Mahindra to acquire Payments Technology Services Ltd for Rs 66 cr

Tech Mahindra will get access to IPs and licenses for two products – Open Payment Framework (OPF) and Multi-Bank System (MBS).Hong Kong based PTSL is a payments solutions provider with focus on banking and financial Services.

Did you Know
Tech Mahindra:
CEO&MD: C. P. Gurnani;
HQ:Pune.

14 January: Armed Forces Veterans Day

Since 2017, Armed Forces Veterans Day is observed each year on 14 January as a mark of respect & recognition of services rendered by Field Marshal KM Cariappa OBE-the first Indian Commander-in-Chief of Indian Armed Forces who retired on this day in 1953.

Did you Know
2021 is Swarnim Vijay Varsh to recognise veterans in 1971 war.

RBI forms working group on digital lending as frauds come into sharp focus

The group will suggest steps to regulate digital lending including online lending platform and mobile lending. The six-member panel comprised of four RBI internal and two external members is expected to submit its report within three months.

Did you Know
Jayant Kumar Dash, Executive Director, RBI will be chairman.

IRDAI sets up Health Insurance Advisory Committee to examine availability of health insurance products

10-member committee will have IRDAI chairman & member (non-life) as its chairperson & vice-chairperson. Members include experts & doctors.The panel will suggest approach on the coverage of specific diseases, develop strategy on treatment protocol etc.

Did you Know
Subhash Chandra Khuntia is the chairman of IRDAI.

Donald Trump becomes the first U.S. President to be impeached twice

President Donald Trump was impeached by the U.S. House for a historic second time on January 13, charged with “incitement of insurrection” over the deadly mob siege of the Capitol in a swift and stunning collapse of his final days in office.

Did you Know
He was first impeached in 2019 over his Ukraine dealings.

NHPC signs definitive agreement for takeover of 120 MW Rangit-IV HE Project in Sikkim.

The agreement is for implementation of the approved resolution plan for takeover of 120 MW Rangit-IV hydro power project of Jalpower Corporation Ltd (JPCL) in Sikkim. National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s resolution plan.

Did you Know
JPCL is 2nd company acquired through insolvency process by NHPC.

Volkswagen Finance India acquires majority stake in KUWY Tech,an automotive FinTech Company

Chennai-based KUWY is an instant lending digital platform and through this acquisition Mumbai-headquartered, Volkswagen Finance Pvt Ltd will grow its new & used car business through KUWY’s pan India network on car financing.

Did you Know
Aashish Deshpande, MD and CEO of Volkswagen Finance Pvt Ltd

4th ‘One Planet Summit’ organized, aims to advance the protection of nature

Organized by France, in cooperation with the United Nations and the World Bank, the ‘One Planet Summit’ for biodiversity was held on 11 January 2021. Focus on biodiversity to mobilize commitments to protect ecosystems and make links to human health.

Did you Know
Theme of “Let’s act together for nature!”

International Film Festival of India (IFFI) 2021 to celebrate the work of legendary filmmaker Satyajit Ray

Five of his classics-Charulata (1964), Ghare Baire (1984), Pather Panchali (1955), Shatranj Ke Khilari (1977) and Sonar Kella (1974) will be showcased. 12 films for Festival Kaleidoscope & 50 films for World Panorama section were unveiled too.

Did you Know
A total of 224 films will be screened at 51st IFFI

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