Weekly Current Affairs (8th to 14th February 2021) Part - 1 Notes | EduRev

Weekly Current Affairs

Current Affairs : Weekly Current Affairs (8th to 14th February 2021) Part - 1 Notes | EduRev

The document Weekly Current Affairs (8th to 14th February 2021) Part - 1 Notes | EduRev is a part of the Current Affairs Course Weekly Current Affairs.
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Banking & Financial Awareness

1. Which private sector bank in India has signed a Memorandum of Understanding (MoU) with MUFG Bank of Japan for collaboration towards catering to the banking requirements of Japanese corporates present in India ______ ICICI Bank.
Note:

➢ The MoU establishes a framework of partnership between the banks across various domains including trade, investment, treasury, corporate and retail banking.
➢ It also paves way for the two banks to combine their individual strengths and cater holistically to the banking requirements of Japanese corporations operating in India.

2. The Reserve Bank of India in its 5th Monetary Policy Committee (MPC) review projected India’s gross domestic Product (GDP) growth at what per cent for the FY2021-22 ________ 10.5%.
Note:

➢ The projection of Consumer Price Index (CPI) inflation has been revised to 5.2% for the Q4FY21, 5.2 % to 5.0 % in H1FY22 and declined to 4.3% by Q3FY22.
➢ The MPC has given the mandate to maintain annual inflation at 4% until March 31, 2021 with an upper tolerance of 6% and lower tolerance of 2% i.e. within a band of +/- 2 %.

3. What is total amount to be provided to various sectors and banks under Targeted Long Term Repo Operations (TLTRO) scheme ________ Rs 1 lakh crore.
Note:

➢ The sectors which could benefit from this move include construction, real estate, and microfinance. RBI will provide these funds under on-tap targeted long-term repo operations (TLTRO) at a floating rate linked to the policy rate for up to three years. At present, the repo rate is 4 percent.
➢ LTRO lets banks borrow one to three-year funds from the central bank at the repo rate, by providing government securities with similar or higher tenure as collateral.

4. Which general insurance company has launched ‘Salute to Caregivers – Ek Naya Nazariya Campaign’ to support the cancer survivors in the battle against cancer ________ Bharti AXA General Insurance.
Note:

➢ To commemorate the World Cancer Day 2021, Bharti AXA General Insurance has collaborated with poetess Priya Malik, who wrote a poem on the Campaign & she also expressed her experience as a caregiver.

5. Parivartan is a corporate social responsibility (CSR) brand of which bank under which it has invited applications from start-ups and solo entrepreneurs for its SmartUp grants ________ HDFC Bank.
Note:

➢ The initiative is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country.
➢ The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant.

6. What is the budgetary provision for the new Central Sector Scheme titled "Formation and Promotion of 10,000 Farmer Produce Organizations (FPOs)" launched with a clear strategy and committed resources to form and promote 10,000 new FPOs _________ Rs 6865 crore.
Note:

➢ The goal is to achieve doubling of export by 2022.
➢ However, more than 86% of farmers in the country are small and marginal.
➢ For this, Aggregation of small, marginal and landless farmers into FPOs will help enhance economic strength & market linkages of farmers for enhancing their income.

7. Which Bank has entered into a co-lending agreement with the Pune-based non-banking financial company LoanTap Credit Products, for MSME loans __________ Bank of Maharshtra.
Note:

➢ Under the co-lending model, the bank will have an exposure of up to 80 per cent while the rest will be borne by the LoanTap.
➢ Co-lending is the system introduced by RBI in the wake of the liquidity crisis at non-banking finance companies to enhance the credit flow to the unserved and underserved sector and make available funds to the ultimate beneficiary at an affordable cost.

8. The digital payment platform PhonePe has partnered with which bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs banks “@axl” handle ________ Axis Bank.
Note:

➢ It will enable the PhonePe users to create and use multiple UPI IDs with Axis Bank’s “@axl” handle.
➢ Until now, the PhonePe’s key banking partner was Yes Bank.

9. The RBI has permitted the Indian individual to make remittances to IFSCs established here under the Liberalized Remittance Scheme (LRS) per year for travel, education and medical care as well as for the purchase of shares ________ $250,000.
Note:

➢ Till now, only global participants were allowed to invest in funds set up in Indian IFSCs.
➢ The move is likely to benefit retail investors, and high net-worth individuals (HNIs).
➢ Under the LRS, an Indian individual can send up to $250,000 per year overseas for travel, education and medical care as well as for the purchase of shares.

10. What do you mean by ‘Gilt Accounts’ for that the RBI has given permission to open, making India the first country to do so ________ An account for holding Government securities.
Note:

➢ The retail investors are allowed to access government securities (G-Secs) market both primary and secondary – directly through the Reserve Bank (‘Retail Direct’) along the facility to open their gilt securities account. With this, India has become the first country to do so.
➢ A “Gilt Account” means an account opened and maintained for holding Government securities, by an entity or a person including ‘a person resident outside India’ with a “Custodian” permitted by the RBI.

11. Meghalaya Police has signed a Memorandum of Understanding (MoU) with which bank for implementation of e-Challan in the jurisdiction of Shillong Traffic Police (STP) __________ State Bank of India.
Note:

➢ The e-Challan system has been integrated with VAHAN & SARATHI, which are the flagship applications of MoRTH (Ministry of Road Transport & Highways).
➢ The Integration with VAHAN & SARATHI will help traffic officials in gathering the information of traffic violations such as Vehicle & Driver’s details.

12. The Central Government is all set to sell what per cent stake in National Fertilizers Ltd (NFL) out of its shareholding of 74.71% through an Offer For Sale (OFS) method of shares _________ 20 per cent.
Note:

➢ To initiate the sale process, the Department of Investment and Public Asset Management (DIPAM) has invited tenders from merchant banks.
➢ It should be noted that NFL is the second largest producer of Urea in the country with a share of about 15% of total Urea production in the country.

13. Which company has announced a definitive agreement with SoftBank Group Corp. (SBG) under which will acquire Arm Limited from SBG and the SoftBank Vision Fund ________ NVIDIA.
Note:

➢ Under the deal, NVIDIA will pay Softbank USD 21.5 billion in common stock and USD 12 billion in case, USD 2 billion of which will be payable at signing.
➢ Another USD 5 billion in cash or stock may also be given to Softbank, depending on Arm’s performance.

14. Which bank has committed to invest USD 100 Million into the NIIF Fund of Funds (FoF) _________ New Development Bank.
Note:

➢ This is the NDB’s 1st Equity Investment into India & the 1st ever Investment in an FoF.
➢ With this investment, FoF has secured USD 800 Million in commitments.
➢ The other investors in FoF apart from NDB are Government of India, Asian Infrastructure Investment Bank and Asian Development Bank.

15. Which Bank has signed a First-of-its-kind Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOCL) for providing up to INR 2 Crore Loan to Indian Oil dealers ________ Punjab National Bank.
Note:

➢ Under the scheme Dealers can avail loan of upto INR 2 Crore at lower interest rates, nil margin and with minimum or Zero Collateral requirements.
➢ Collateral Security will not be asked to Individuals who are having dealerships with IndianOil for 5 years or more.

16. Punjab National Bank (PNB) has signed a First-of-its-kind an MoU with which oil company for providing up to INR 2 Crore Loan to dealers of the company through the PNB e-Dealer scheme _______ IOCL.
Note:

➢ Under the scheme Dealers can avail loan of upto INR 2 Crore at lower interest rates, nil margin and with minimum or Zero Collateral requirements.
➢ Collateral Security will not be asked to Individuals who are having dealerships with IndianOil for 5 years or more.

17. India Ratings and Research (Ind-Ra) Ltd estimated that India’s real Gross Domestic Product (GDP) will grow at what per cent in FY22 _________ 10.4%.
Note:

➢ Earlier, Ind-Ra had projected the GDP for FY 21 as -7.8%.
➢ The full recovery will be visible in FY23.
➢ The government final consumption expenditure is expected to grow at 10.1% in FY22, while private final consumption expenditure is expected to grow at 11.2% in FY22

18. Which bank has joined hands with CSC e-Governance Services India Ltd to provide EMI Collection Services _________ HDFC Bank.
Note:

➢ CSC is a Special Purpose Vehicle under MeitY.
➢ The bank's new initiative is aimed at making payments convenient for customers, who can now visit their nearest CSC, to deposit overdue.
➢ With EMI Collection facility, customers need not visit bank branches.

19. Which small finance bank has partnered with Maharashtra State Road Development Corporation Limited (MSRDC) and Ocean Highway Facilities and Solutions Pvt Ltd. to launch India’s first FASTag powered truck terminal at Khalapur, Maharashtra _________ Equitas Small Finance Bank.
Note:

➢ Equitas Small Finance Bank (Equitas SFB) has partnered with Maharashtra State Road Development Corporation Limited (MSRDC) and Ocean Highway Facilities and Solutions Pvt Ltd for launching country's first FASTag powered truck terminal at Khalapur, Maharashtra on the Yashwantrao Chavan Mumbai - Pune Expressway.

20. Which Life Insurance company has launched a new goal based savings product – ‘Guaranteed Income for Tomorrow' (GIFT), which provides guaranteed income to policyholders to help them achieve their long-term financial goals ________ ICICI Prudential Life Insurance Company.
Note:

➢ This non-participating savings product can enable customers to eliminate the uncertainty of future income streams to a large extent.
➢ The life cover provides financial security to the family, which is essential for a robust financial plan.

21. Name the Indian company that has been selected as the first member from India for The Circulars Accelerator Program 2021 _________ Recykal.
Note:

➢ The Circulars Accelerator, led by Accenture, in partnership with Anglo American, Ecolab and Schneider Electric, and in collaboration with UpLink and the World Economic Forum, will connect industry leaders with 17 groundbreaking circular economy entrepreneurs to scale up disruptive, cross-sector value-chain innovation at an unprecedented pace.

22. The Confederation of Real Estate Developers’ Associations of India (CREDAI) has signed an MoU with which payments bank to facilitate opening of bank accounts for construction workers ________ India Post Payments Bank.
Note:

➢ This MoU will ensure accessible financial services for construction workers along with financial literacy and digital inclusion.
➢ The aim of the pact is to cover around 10 lakh workers in a year from around current 3 crore workers engaged in construction activities across real estate projects.

Obituaries

1. Renowned personality George Shultz passed away at 100 recently, he was a veteran ________Politician.
Note:

➢ A man of broad experience and talents, Shultz achieved success in statesmanship, business and academia. Lawmakers praised him for opposing as sheer folly the sale of arms to Iran that were the cornerstone of the IranContra scandal that marred Reagan's second term in office.

2. Renowned personality Rajiv Kapoor passed away recently, he was a veteran _______ Actor.
Note:

➢ He was the youngest son of the legendary Raj Kapoor, and the brother of Randhir Kapoor and Rishi Kapoor.
➢ The Ram Teri Ganga Maili actor suffered a heart attack at his residence in Chembur following which he was rushed to Inlaks Hospital.

3. Christopher Plummer is the oldest Oscar-winning actor, who has passed away recently. He was from which country ____________ Canada.
Note:

➢ Oscar-winning actor Christopher Plummer, who rose to prominence for his critically-acclaimed film ‘Sound of Music’, has passed away.
➢ He was 91. The prolific and versatile Canadian-born actor is the oldest person to win Oscar award.

4. 10-time tennis Grand Slam champion, Tony Trabert passed away recently, he belongs to which country ________United States.
Note:

➢ Trabert captured the 1953 US Open, the 1954 French Open and the 1955 US and French Opens and Wimbledon.
➢ Trabert served as the Hall of Fame’s president from 2001 to 2011 and spent 30 years as a television analyst. He also served as an author and coach and captained the US Davis Cup team from 1976-1980, guiding the squad to titles in 1978 and 1979.

5. Prominent sportsman Bruce Taylor who passed away recently, was associated with which sports ________ Cricket.
Note:

➢ Taylor played 30 tests for New Zealand, picking up 111 wickets and scoring 898 runs.
➢ He also scored New Zealand’s fastest test century in a game against West Indies in 1969 before the record was broken by Daniel Vettori 36 years later.

Important Days

1. International Epilepsy Day 2021 is celebrated on _______ 8th February.
Note:

➢ International Epilepsy Day celebrated each year on the 2nd Monday of February.
➢ World Epilepsy Day 2021 fall on February 8.
➢ The Day is a joint initiative by the International Bureau for Epilepsy (IBE) and the International League Against Epilepsy (ILAE)

2. National DeNational Deworming Day (NDD) is celebrated every year on ________ 10th February.
Note:

➢ The day aims at eradicating intestinal worms also referred to as Soil-Transmitted Helminths (STH), among children within the age bracket of 1-19 years.

3. What is the theme of the World Pulses Day (WPD) 2021 observing every year on 10 February _______ ‘Nutritious Seeds for a Sustainable Future’.
Note:

➢ World Pulses Day (WPD) is observed every year on 10 February to realize the importance of pulses in human life.
➢ UN General Assembly has decided to mark 10 February as World Pulses Day in 2018.

4. World Unani Day is observed every year on which date _______ 11th February.
Note:
➢ World Unani Day has observed every year on 11th February.
➢ This day is celebrated every year to mark the birth anniversary of great Unani scholar and social reformer Hakim Ajmal Khan.

5. The International Day of Women and Girls in Science is observed every year on _________ 11th February.
Note:

➢ The theme for the International Day of Women and Girls in Science 2021 is ‘Women Scientists at the forefront of the fight against COVID-19’.

6. World Radio Day is observed every year on which date ________ 13th February.
Note:

➢ This year, the day’s theme is ‘New World, New Radio.’
➢ This was decided to keep in mind the services the medium provided during COVID-19.

7. National Women’s Day of India is celebrated every year on which date _______ 13th February.
Note:

➢ To honor the contributions of Sarojini Naidu, February 13 is observed as National Women’s Day of India. This year is the 142nd birth anniversary of Sarojini Naidu.
➢ National Women’s Day is observed to celebrate the social, cultural, political, and economic achievements of women.

New Appointments

1. Who has been reappointed as a special envoy to engage governments and businesses in tackling the threat of global warming by the United Nations Secretary-General Antonio Guterres _______ Michael Bloomberg.
Note:

➢ Bloomberg is the founder and owner of Bloomberg LP, the parent company of Bloomberg News.
➢ He was previously appointed as the U.N. special envoy for climate action between March 2018 and November 2019.

2. Who has been appointed as the first female Director General (DG) of World Trade Organisation (WTO) ________ Ngozi Okonjo-Iweala.
Note:

➢ She would be the first woman as well as the first African nation to lead the organization.
➢ Okonjo-Iweala, the former finance minister of Nigeria, will succeed Roberto Azevedo, who stepped down in August 2020.

3. Mario Draghi has been named the new Prime Minister of which country _______ Italy.
Note:

➢ He accepted the request of Sergio Mattarella, President of Italy, to form a new government.
➢ Mario Draghi will lead the unity government replacing the centre left coalition government of Former prime minister Giuseppe Conte.

4. Who has been appointed as the Chief Executive Officer (CEO) and Managing Director(MD) of Tata Motors Ltd _______ Marc Llistosella.
Note:

➢ He served as the President and CEO of Fuso Truck and Bus Corporation between 2015-2018 and Head of Daimler Trucks in Asia.
➢ Prior to this, he served as the MD and CEO of Daimler India Commercial Vehicles Pvt Ltd between 2008-2014.

5. Who has been appointed as the to the newly reconstituted National Security Advisory board (NSAB) headed by Ajit Doval _________ Sridhar Vembu.
Note:

➢ Vembu is currently working from his company’s office in Tamil Nadu’s Tenkasi district.
➢ The other members of the NSAB are former ISRO Chairman K Radhakrishnan, IIM Bangalore faculty Anshuman Tripathy and former ambassador to France and United Nations Arun K Singh.

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