Current Affairs 1 May 2021

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NATIONAL AFFAIRS

5th Session of Codex Committee on Spices and Culinary Herbs held virtuallyThe 5th Session of Codex Committee on Spices and Culinary Herbs (CCSCH) was held virtually from April 20-29, 2021. It was inaugurated by Rita Teaotia, Chairperson of Food Safety and Standards Authority of India (FSSAI).Dr M.R. Sudharshan is the current Chairman of the Committee.

• India is the host and Spices Board of India (under Ministry of Commerce & Industry) is the Secretariat of CCSCH.
• CCSCH is the 1st Codex Commodity Committee to hold a virtual session, around 300 experts from 50 countries took part in it.
• CCSCH has finalised and recommended quality standards for four spices; cloves, oregano, basil, and ginger. The committee forwarded these four new standards to the Codex Alimentarius Commission (CAC) for adoption as full -fledged Codex standards.

CCSCH

• CCSCH was established in 2013 under Codex Alimentarius Commission (CAC), an Inter-governmental body.
• It develops and expands worldwide standards for spices and culinary herbs.
• India is the host country of CCSCH & Spice Board of India is responsible for organising sessions of the committee.

Codex Alimentarius Commission (CAC)

• An Intergovernmental body set up in 1963 by FAO & WHO for protecting the health of consumers and ensuring fair practices in food trade.

About Codex Alimentarius Commission (CAC)
Chairperson – Guilherme da Costa
Headquarters – Rome, Italy
Members – 189
About Spice Board of India
Chairman & Secretary – D Sathiyan
Headquarters – Kochi, Kerala
>>Read Full News

TRIFED signs MoU with The LINK Fund for Empowerment of TribalsTRIFED (Tribal Cooperative Marketing Development Federation of India ), the commercial wing of the Ministry of Tribal Affairs has signed an Memorandum of Understanding (MoU) with The Link Fund, an Philanthropic operational foundation for empowerment of tribals.

• The MoU was signed by Pravir Krishna, Managing Director of TRIFED & Tony Kalm, CEO & Co-founder of The LINK Fund.
• The agreement has been signed for a project titled ‘Sustainable Livelihoods for Tribal Households in India’.

Key Points
i.It aims to empower tribals by providing support to them for increasing value addition in their produce and products.
ii.Technology interventions of The LINK Fund will help in achieving efficiency in value addition for Minor Forest Produces (MFP), produce and crafts diversification, skill training and enhancement of value additions in MFPs.
iii.They will also work to create women-centered infrastructure and innovation and entrepreneurship.
iv.An Important aspect of the partnership will be the development of markets for NTFP (Non-Timber Forest Products).
About Tribal Cooperative Marketing Development Federation of India (TRIFED)
It comes under the Ministry of Tribal Affairs
Managing Director – Pravir Krishna
Head Office – New Delhi
About The LINK Fund
CEO & Co-Founder – Tony Kalm
Headquarters – Geneva, Switzerland
>>Read Full News

Govt Amended the EDLI Scheme; Increased the Maximum Sum Assured to Rs.7 lakhs from Rs.6 lakhsCentral Government has amended the Employees’ Deposit-Linked Insurance
Scheme(EDLI),1976 & named it as Employees’ Deposit-Linked Insurance
(Amendment) Scheme, 2021. In line with the Amendment, the maximum sum, assured payable under the EDLI Scheme was increased from Rs 6 lakh to Rs 7 lakh.

• It was amended, in exercise of the powers conferred by section, 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).

Amendments over the EDLI scheme:
Under the Scales of assurance benefit and the minimum average balance to be maintained
by an employee:

Note – These amendments were subjected to be in force for a period of 3 years.

About EDLI:
i.The EDLI scheme was launched in 1976 to provide insurance benefits to members
of Employees’ Provident Fund Organisation (EPFO).
ii.Its objective was to ensure the family of members get financial assistance in case of
the death of the member.
iii.This scheme is applicable to all organisations registered under the Employees
Provident Fund and Miscellaneous Provisions Act, 1952.

About Employees’ Provident Fund Organisation (EPFO):
Establishment – 1952
Headquarters – New Delhi
Works under – Ministry of Labour & Employment
Central Provident Fund Commissioner (CPFC)– Sunil Barthwal
About Ministry of Labour & Employment:
Minister of State (Independent charge)– Santosh Kumar Gangwar (constituency – Bareilly, Uttar Pradesh)

Govt Extends Vivad Se Vishwas Deadline for Payments to June 30

The Government of India has extended the deadline for making payments under the Direct Tax Vivaad Se Vishwas dispute resolution scheme to another 2 months till 30th June 2021 and also extended the deadlines for various compliance under Income Tax Act due to the COVID-19 pandemic.
Other deadline extensions:

• The deadline for availing of the tax dispute settlement scheme had already been extended five times till March 31.
• Deadline for reopening of assessment on income which escaped the assessment under the section 148, till 30th June.
• Other tax compliance deadlines by 2 months from 30th April.

India’s Crude Oil Production Fell by 5%; Natural Gas Production Fell by 8% in FY21: MoPNG

According to the data of the Ministry of Petroleum and Natural Gas(MoPNG), the crude oil production of India fell by 5% to 30.5 million tonnes in FY21 from 32.17 million tonnes in 2019-2020.  The data also shows that Natural Gas production has also fallen by 8% to 28.67 billion cubic metres(BCM) in FY21 from around 31BCM in FY20.
The production of petroleum products fell by 11.2% at 233.4 million tonnes.

INTERNATIONAL AFFAIRS

Electric Vehicles to make up 30% of Indian Auto Sales by 2030 : IEA Report‘Global EV Outlook 2021’ – the recently released Annual Report of International Energy Agency (IEA) has stated that the sale of Electric Vehicles (EVs) will be more than 30% in new vehicle sales in India by 2030.

• It states that through electrification of two/three wheelers in India, the sales share of EVs can reach almost 50%.
• In 2020 the global car sales fell by 16% in 2020 due to COVID-19, but the Global EV sales increased by 41% to around 3 Million vehicles in 2020.
• In 2020, Europe emerged as the World’s Largest EV market for the 1st time, overtaking China.  Electric car registrations in Europe doubled to 1.4 Millions, while in China it increased by 9% to 1.2 Million.
• The report discusses developments in electric mobility across the globe in 2020.

About International Energy Agency (IEA)
Executive Director – Dr Fatih Birol
Headquarters – Paris, France
>>Read Full News

COVID-19 has increased Challenges for Countries to Manage Forests : UN ReportAccording to ‘The Global Forests Goals Report 2021’ released by the United Nations Department of Economic and Social Affairs (UN DESA), COVID-19 has increased the challenges for Countries to manage forests.

• The most vulnerable segments of society, especially the rural poor and indigenous people have turned towards forests to meet  their essential livelihood needs due to the economic hardships caused by COVID-19. This has caused stress on the Forest Ecosystem.
• The Global Forests Goals Report 2021 is an inaugural report.
• It presents an overview of progress achieved by Countries on 6 Global Forest Goals under the  United Nations Strategic Plan for Forests 2017-2030.

United Nations Strategic Plan for Forests 2017-30

• It aims to promote sustainable forest management & enhancing the contribution of forests & trees to the 2030 Sustainable Development goals.
• It has set a goal to increase forest area by 3% by 2030 in the world.
• Under the plan,India has committed to add 200, 00 Hectares of Forests and Tree Cover per year.

UNESCO Public Survey Report
UNESCO (United Nations Educational, Scientific and Cultural Organization) has released ‘The World in 2030 – Public Survey Report’. The Global survey was carried out by UNESCO during May-September, 2020.

• It garnered responses of more than 15, 000 people, in which 57% of them were under 35 years of age & 35% under 25.
• Around 67% of the people chose Climate change and loss of biodiversity as the biggest challenges facing earth.

About  United Nations Department of Economic and Social Affairs (UN DESA)
Under-Secretary-General (USG) – Liu Zhenmin
Headquarters – New York, USA
>>Read Full News

Union Minister Ravi Shankar Prasad represents India at G-7 Digital & Technology Ministerial MeetingRavi Shankar Prasad, Union Minister of Electronics & Information Technology represented India at the G-7 Digital and Technology Ministerial Meeting (Group of 7), which was held virtually on April 28, 2021. India attended the event as a Guest.

• The meeting was chaired by Oliver Downden, Secretary of State for Digital, Culture, Media and Sport, UK.
• Theme of the meeting – ‘Building Back Better’.
• The G-7 countries signed a Joint Ministerial Declaration at the end of the summit. It highlighted the agenda of member countries for digital and technology and includes online safety, developing collaborative regulatory approach, and promoting free flow of data across borders.
• Ravi Shankar Prasad highlighted steps taken by India to bring digital inclusion and empower ordinary citizens under the Digital India Programme.
• The 47th G7 Leaders’ Summit (Annual Summit) 2021 will be hosted by the UK from June 11-13 in Carbis Bay, UK.  India has been invited to the meeting by UK PM Boris Johnson.

Group of Seven

• It is an intergovernmental organisation formed in 1975.
• It acts as an informal forum for discussing pressing world issues.
• G-7 countries consist of the U.S., U.K., France, Germany, Italy, Canada, and Japan. European Union (EU) also attends the meetings.

About G7 (Group of Seven)
Members – 7, Founded in 1975
2021 Presidency – United Kingdom
>>Read Full News

BANKING & FINANCE

RBI Became a member of Network for Greening the Financial SystemReserve Bank of India (RBI) joined as a member of Central Banks and Supervisors’ Network for Greening the Financial System (NGFS).
Important points about NGFS:

• It was launched at the Paris One Planet Summit on December 12, 2017 and RBI became a member of it in April 23,2021.
• NGFS consists of a group of central banks and supervisors willing, on a voluntary basis, they will share best practices and experiences for the development of environment and climate risk management in the financial sector
• The central Banks will organize the finance to support the transition towards a sustainable economy. RBI also will contribute to global efforts on green finance and climate change

About Network for Greening the Financial System (NGFS):
Establishment – December 2017
Headquarters – Paris, France
Members – 90 members and 13 observers.
Chair – Frank Elderson (Dutch central banker)
>>Read Full News

ICICI Bank tie-up with Decentro to offer customized business banking APIsICICI Bank and Decentro Tech Private Ltd, a full-stack Application Programming Interfaces(API) banking platform, made a partnership to offer customized business banking APIs to fintechs, startups, and corporates and e-commerce companies.

• ICICI Bank’s seven business banking APIs from different categories, like deposits, payments, and collections were integrated by Decentro to provide a powerful kit to the end users.
• This initiative enables the ICICI Bank customers to have a quick and stable access to all business banking APIs.

About API in Banking:

• It is traditionally a tech interface between software programs and it is a set of protocols that facilitates a third-party application to synchronise and connect to a bank’s tools and services and makes a bank’s services available to other third-party.

About ICICI Bank:
Establishment – 1995(Incorporated in 1994)
Headquarters – Mumbai, Maharashtra
MD& CEO –  Sandeep Bakhshi
Tagline – Hum haina, Khayal Apka
>>Read Full News

Airtel Payments Bank become the first payments bank to enable ₹2 lakh of day-end balance account limit

As per the Reserve Bank of India’s (RBI’s) guidelines, Airtel Payments Bank has increased the day-end account balance limit for customers from ₹ 1 lakh to ₹ 2 lakh and  become the first payments bank in the country to do so.Click here to Know more

ECONOMY & BUSINESS

IFC to invest $40 million in Upgrad; $150 million loan to Bajaj Finance for 5 years International Finance Corporation (IFC) a member of the World Bank Group, plans to invest USD 40 million (about Rs 290 crore) in Upgrad, an online up-skilling platform and IFC has proposed to loan up to $150 million to Bajaj Finance Ltd.
About investment in Upgrad:

• Upgrad was founded by Ronnie Screwvala, Phalgun Kompalli, Mayank Kumar and Ravijot Chugh(Promoters) in 2015 by investing over Rs 170 crore.
• Now, the promoters’ holding in the firm came to 75 per cent after the investments of USD 160 million in April 2021 (USD 40 million from IFC and a USD 120 million funding from Singaporean investor Temasek Holdings). The two external investors IFC and Temasek hold the remaining 25 per cent.

About the Loan proposal to Bajaj Finance:

• IFC has proposed a senior loan of up to $150 million to Bajaj Finance Ltd. for up to five years to enable the company to expand its lending to micro, small and medium enterprises (MSME) and women owned MSMEs.
• After obtaining the loan, Bajaj Finance plans to increase its lending to MSME segment to about $600 million.

About International Finance Corporation (IFC):
IFC is a member of the World Bank Group.
Establishment – 1956
MD, Executive Vice President – Makhtar Diop
Headquarters – Washington D.C., USA
>>Read Full News

Oxford Economics Revised down India’s GDP Growth Forecast for 2021 from 11.8% to 10.2% Oxford Economics, Global forecasting firm has revised down India GDP growth forecast for 2021 from 11.8 per cent to 10.2 per cent due to increasing burden of COVID-19 and lack of appropriate strategy by the government to curtain the pandemic. It has forecasted world GDP growth to 6.1% in 2021 and 4.3% in 2022.
Different Growth rate projections for India:  

• IMF – 12.5 per cent in 2021
• S&P Global Ratings – 11 per cent in FY22
• RBI – 10.5 per cent for FY22
• The Economic Survey FY21- 11 per cent growth in FY22
• India’s statistics office – projected contraction of 8 per cent (-8%) in FY21

Goldman Sachs, a Wall Street brokerage also decreased India’s GDP growth forecast for 2021 to 10.5 per cent from 10.9 per cent.
About Oxford Economics:
Establishment – 1981
Headquarters – Oxford, United Kingdom
CEO – Adrian Cooper
About Goldman Sachs:
Establishment – 1869
Headquarters –  New York, United States
Chairman & CEO – David M. Solomon

Apple Launched $200 million Restore Fund to Reduce Carbon

Apple in partnership with Conservation International and Goldman Sachs launched a first-of-its-kind carbon removal initiative called the Restore Fund of $200 million, to make investments in timber-producing forest properties to remove carbon from the atmosphere and in turn generating a financial return for investors.
The fund aims to remove one million metric tons of carbon dioxide from the atmosphere annually, which is equivalent to the amount emitted by more than 200,000 passenger vehicles. A goal was set by Apple in 2020, to neutralize its own carbon emissions and those of its suppliers by 2030.

APPOINTMENTS & RESIGNATIONS         

Niraj Bajaj Named The Chairman Of Bajaj Auto; Rahul Bajaj To Be Named Chairman EmeritusBajaj Auto has named Niraj Bajaj, the non-executive Director of Bajaj Auto as its new chairman. He will succeed Rahul Bajaj with effect from 1st May 2021.
The company has also named Rahul Bajaj as Chairman Emeritus for a period of 5 years with effect from 1st May 2021.
About Niraj Bajaj:
Career:
i.Niraj Bajaj joined the board of Bajaj Auto Limited on 9th September 2006.
ii.He is one of the promoter directors of Bajaj Group.
iii.He is a member of the board of Directors of Bajaj Allianz Life and General Insurance Co Ltd.
iv.He has served as the President of the Indian Merchants’ Chamber, Alloy Steel Producers Association and Indian Stainless Steel Development Association.
Sports:
i.Niraj Bajaj represented Nation Table Tennis between 1970 to 1977.
ii.He was thrice named as the ‘All India Table Tennis Champion’ and ‘ranked India No 1 four times.
Awards:

• Arjuna Award
• Shiv Chhatrapati Award
• Maharashtra Gaurav Puraskar.

About Rahul Bajaj:
i.Rahul Bajaj took over Bajaj Auto in 1972.
ii.At the age of 82 he retired as the Non-Executive Chairman and Chairman of Bajaj Auto with effect from 30th April 2021.

Indian American Vanita Gupta appointed as Associate Attorney General of USA

Indian-American Vanita Gupta has been appointed Associate Attorney General of United States.With this she became the first Indian-American to serve in this role.

• Prior to this she has been the  President and CEO of The Leadership Conference on Civil and Human Rights.
•  She has also headed civil rights division in the Department of Justice in the Obama Administration.

SCIENCE & TECHNOLOGY

High-yielding and pest-resistant variety of soybean developed by Indian ScientistsHigh-yielding and pest-resistant variety of soybean named MACS 1407 has been developed by Indian Scientists by the method of conventional cross breeding.

• The new variety MACS 1407 gives 39 quintals per hectare

Developers:
This variety of Soya bean has been developed by Scientists from MACS (Maharashtra Association for the Cultivation of Science Research Institute)-Agharkar Research Institute, Pune, in collaboration with Indian Council of Agricultural Research(ICAR), New Delhi.
Areas of Cultivation:
It is suitable for rain-fed conditions of north- east India and hence suitable for cultivation in the states of

•  Assam
•  West Bengal
• Jharkhand
• Chhattisgarh
• North-Eastern states.

Note:
In the last few years  production of soya bean in the country is in the range of 100-146 lakh tone. For the 2020-21 crop year (July-June), production is pegged at 137.11 lakh tonne,
About Indian Council of Agricultural Research(ICAR):
It is the apex body for coordinating,guiding and managing research and education in agriculture for the entire country under the aegis of Department of Agricultural Research and Education,Ministry of Agriclture and Farmers Welfare.
Headquarters: New Delhi
President of the ICAR Society: Narendra Singh Tomar, Minister of Agriclture and Farmers Welfare.
>>Read Full News

NASA ‘Perseverance’ Mars Mission – Oxygen Produced from Mars for the 1st TimeNASA’s (National Aeronautics and Space Administration) Rover ‘Perseverance’ landed on Mars in February, 2021. It has produced Oxygen from Mars using an instrument called ‘MOXIE’ – Mars Oxygen In-Situ Resource Utilization Experiment.

• It is the 1st time that Oxygen is being produced on another planet.
• MOXIE produced 5 grams of Oxygen from Carbon dioxide which is enough for an astronaut to breathe for 10 minutes on Mars.
• It works through Electrolysis using extreme heat to separate oxygen atoms from molecules of carbon dioxide.
• The atmosphere on Mars is about 95% carbon dioxide.
• The production of Oxygen is critical to human exploration of Mars, both as a source of air for astronauts and as an essential ingredient for rocket fuel to fly astronauts back home.

Developed by
MOXIE is sponsored by NASA’s Space Technology Mission Directorate (STMD) and Human Exploration and Operations Mission Directorate.

• It is a joint venture between NASA, the Jet Propulsion Laboratory (JPL), MIT Haystack Observatory, and MIT’s Department of Aeronautics and Astronautics.

About National Aeronautics and Space Administration (NASA)
Administrator – Steve Jurczyk
Headquarters – Washington D.C., USA

SPORTS

Srihari Nataraj creates national record in 50m backstroke swimming

Indian swimmer Srihari Nataraj won his second Gold in 50m backstroke swimming and made a national record in Uzbekistan Open Championship. This was Srihari’s third national record in the last two days as he had made a new record twice in 100m backstroke. Indian swimmers got a total of 29 medals, which comprise 18 Gold, seven Silver and two Bronze in the event.

OBITUARY

Apollo 11 pilot, Astronaut Michael Collins passed away at 90On 28^th April 2021, American astronaut, Apollo 11 pilot Michael Collins passed away due to cancer. He was born on 31^st October 1930 in Rome, Italy.
About Michael Collins:
i.Micheal Collins flew the Apollo 11 command module Columbia around the Moon in 1969 along with his crewmates, Neil Armstrong and Buzz Aldrin, who made the first crewed landing on the Moon surface.
ii.He was also a test pilot and major general in the U.S. Air Force Reserves.
iii. He is also known as the ‘forgotten’ astronaut of Apollo 11,as Michael Collins never set foot on the lunar surface like his crewmates Buzz Aldrin and Neil Armstrong.
iv.He was awarded the Presidential Medal of Freedom in 1969 and the Congressional Gold Medal in 2011.

Ex-attorney general & Padma Vibhushan Awardee, Soli Sorabjee passed away at 91On 30^th April 2021, Veteran lawyer and Padma Vibhushan Awardee, former attorney general Soli Sorabjee passed away due to covid-19 in Delhi.He was 91.He was born on 9^th March 1930 in Mumbai,Maharashtra.
About Soli Sorabjee:
i.Soli Sorabjee was designated Senior Advocate of the Bombay High Court in 1971. He served as Solicitor-General of India from 1977 to 1980.
ii.Then he was appointed as Attorney-General for India in 9 December 1989 up to 2 December 1990, and then again on 7 April 1998 to 2004.
iii.He then became the chairman of the UN Sub Commission on the Promotion and Protection of Human Rights from 1998 to 2004.
iv.He was honored with the Padma Vibhushan award,the second-highest civilian award in India in 2002 for his defence of freedom of speech and the protection of human rights.

Music composer Shravan Rathod passed away at 66

Famous Music composer Shravan Rathod, of Nadeem-Shravan duo passed away at the age of 66 due to covid-19 in Mumbai,Maharashtra. Shravan Rathod was born on 13 November 1954, Mumbai, Maharashtra.

• Nadeem Shravan was well known for their composition in Aashiqui (1990).
• Some of their other works are Saajan, Sadak ,Phool Aur Kaante,Deewana, Hum Hain Rahi Pyar Ke, Raja, Agni Sakshi, Jeet, Pardes and Raja Hindustani.

BOOKS & AUTHORS

Climate Change Activist Aakash Ranison authored an e-book titled “Climate Change Explained – For One And All”The e-book titled “Climate Change Explained – For One And All” authored by climate activist-author, Aakash Ranison was released on the occasion of Earth Day 2021.
The book is focused on topics like climate change and its effect on the lives of individuals.
About the book:
i.The book features a collection of data and information about climate change.
ii.The book also includes topics like the Greenhouse effect, global warming, Carbon Footprint and its effect on the future.
iii.The book will provide a better understanding of the relationship between nature and humans.
iv.The book is available on https://climateaction.aakashranison.com/.
Note:
India ranks fifth in the Global Climate Risk Index 2020.
About Aakash Ranison:
Aakash Ranison, a climate change activist, has collaborated with “Spiti Ecosphere”. a social enterprise focused on creating sustainable livelihood through observation and development of economics.

IMPORTANT DAYS

International Jazz Day 2021 – April 30 International Jazz Day is annually observed across the globe on 30th April to highlight jazz and its diplomatic role in uniting people across the globe.

• The year 2021 marks the 10th anniversary of International Jazz Day.
• The International Jazz Day is celebrated by The United Nations Educational, Scientific and Cultural Organization (UNESCO) also with its official partners the Herbie Hancock Institute of Jazz.

About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Director-General– Audrey Azoulay
Headquarters– Paris, France
About Herbie Hancock Institute of Jazz:
Herbie Hancock Institute of Jazz is a nonprofit educational organization.
President– Thomas R. Carter
Location- Los Angeles & Washington, DC
>>Read Full News

Ayushman Bharat Diwas 2021 – 30th April Ayushman Bharat Diwas is annually celebrated across India on 30th April to promote affordable medical facilities in the remote parts of India.
The day aims to promote health and wellness and provide the benefits of insurance to the poor.
Ayushman Bharat Yojana:
i.Ayushman Bharat is a flagship scheme of the Government which was launched as recommended by the National Health Policy 2017, with an aim to achieve Universal Health Coverage(UHC).
ii.The Ayushman Bharat comprises 2 interrelated components

• Health and Wellness Centres (HWCs)
• Pradhan Mantri Jan Arogya Yojana (PM-JAY)

>>Read Full News

International Dance Day 2021 – 29th AprilThe International Dance Day is annually celebrated across the world on 29th April the birth anniversary of Jean-Georges Noverre, the creator of modern ballet.
The day aims to celebrate dance and its universality which unites the people across different political, cultural and ethnic backgrounds.

• The International Dance Day was founded by the Dance Committee of the International Theatre Institute (ITI) in 1982.
• Friedemann Vogel, the German ballet dancer, was chosen as the Message author of the International Dance Day 2021.

About International Theatre Institute (ITI):
ITI was created by the initiative of Sir Julian Huxley, the first Director-General of UNESCO and JB Priestly, playwright and novelist.
Founded in– 1948
President– Mohamed Saif Al-Afkham
Director-General– Tobias Biancone
Headquarters– Shanghai, China
>>Read Full News

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