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Current Affairs 12 February 2021

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We are here for you to provide the important Recent and Latest Current Affairs 12 February 2021, which have unique updates of Latest Current Affairs 2021 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

CCEA approves Grant-in-aid of Rs 100 cr to BVFCL, AssamCabinet approves Grant-in-aid of Rs100 crorei.On February 10, 2021, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister (PM) Narendra Modi has approved Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) for the strengthening of it’s urea manufacturing units.
ii.This approval has been made on the lines of the proposal of the Department of Fertilizers, Ministry of Chemicals and Fertilizers (MoC&F).
iii.Due to BVFCL’s old technology it is becoming difficult to attain reasonable production level from the existing units in a cost effective manner. Therefore, to overcome this scenario there is a need to replace certain equipment and machineries.
About Ministry of Chemicals and Fertilizers (MoC&F):
Union Minister– Devaragunda Venkappa Sadananda Gowda(Constituency – Bangalore North(Karnataka))
Minister of State (MoS)– Mansukh Laxmanbhai Mandaviya(Rajya Sabha Member – Constituency – Gujarat))
<<Read Full News>>

Indian Navy’s Largest War Game – ‘TROPEX 21’ underway at the Indian Ocean RegionIndian Navy’s largest war game TROPEX (Tropex 21), in Indian Ocean RegionIndian Navy’s Largest War Game – the Biennial ‘Theatre Level Operational Readiness Exercise (TROPEX 21)’ is currently taking place at the Indian Ocean Region (IOR). Operational assets of the Indian Navy as well as Indian Army, Indian Air Force and Coast Guard were participating in the Exercise.

  • The exercise started in early January 2021 and is expected to end by the Third Week of February, 2021.
  • The main objective of the exercise is to validate the Navy’s Offensive-Defence capabilities, safeguarding national interests in the Maritime domain and promoting stability and peace in the IOR.

3 Phases of the Exercise:
TROPEX 21 is being conducted in 3 phases. It is being done phases to test Indian Navy’s transition from peacetime to hostilities.

  • Phase I – Coastal Defence Exercise ‘Sea Vigil’
  • Phase II- Tri-Service Joint Amphibious Exercise – AMPHEX-21
  • Phase III – Weapon Workup Phase of TROPEX

About Indian Navy:
Chief of the Naval Staff (CNS) – Admiral Karambir Singh
Integrated Headquarters MoD (Navy) – New Delhi
<<Read Full News>>

Govt sets up Nodal Authority for Design and Specifications of Deep-Sea Fishing VesselsGovt sets up nodal authority for design and specifications of deep-sea fishing vesselsi.In order to aid the fisheries department of the states to fast-track the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the Central government has set up a nodal authority to frame Approved Standardised Deep-Sea Fishing Vessels (DSFV) Design and Specifications (ASDDS).
ii.ADDS, promulgated by the Ministry of Ports, Shipping and Waterways, will set up a criterion for basic design aspects for the construction of DSFVs.
iii.Notably, the vessels constructed in compliance with ASDDS will attract a subsidy under the PMMSY scheme.
About Ministry of Ports, Shipping and Waterways:
Minister of State (MoS)– Mansukh Laxmanbhai Mandaviya(Constituency- Gujarat)
Secretary– Dr. Sanjeev Ranjan
<<Read Full News>>

TIFAC launches 2 Initiatives ‘SAKSHAM’ Job Portal, Sea Weed Mission TIFAC launches job portal SAKSHAM for workers and seawood missionOn Occasion of its 34th Foundation Day on February 10, 2021, Technology Information, Forecasting and Assessment Council (TIFAC) an autonomous organisation under Department of Science & Technology launched 2 new initiatives namely SAKSHAM Job Portal (Shramik Shakti Manch) & Sea Weed Mission. During the event, 2 New reports prepared by TIFAC were launched by Dr Vijay Chauthaiwale, independent Healthcare consultant. They are

  • ‘Techno-economic feasibility on Indian bamboo as Wood Substitute’
  • ‘Opportunities for Fruit and Vegetable Processing in North Eastern region of India’

The theme of the Foundation Day was ‘Technology, Innovation and Economy for Aatma Nirbhar Bharat
SAKSHAM:
It is a job portal for mapping the skills of Shramiks (Workers) and connecting them directly to MSMEs (Micro, Small & Medium Enterprises) in their native places through WhatsApp & other offline platforms.

  • It will enable placement of 10 Lakh Blue-Collar jobs (Pan-India) through direct connections and eliminate the need for middlemen & labour contractors.

Seaweed Mission:
i.For Commercial Farming & Value Addition of seaweeds to boost the national economy.
ii.By an estimate, if seaweed cultivation is carried out in ~ 10 Million Hectares or 5% of the Exclusive Economic Zone (EEZ) of India it will generate employment to ~ 50 Million People.
iii.The Seaweed mission will be vital for

  • Help in reduction of millions of tons of CO2
  • Creating a Healthier Ocean
  • Production of Bioethanol of upto 6.6 Billion Litres

About Technology Information, Forecasting and Assessment Council (TIFAC):
Executive Director – Pradeep Srivastava
Headquarters – New Delhi
<<Read Full News>>

SIDBI, COWE launch ‘Swavalamban Sashakt’ to promote Stand-Up India SchemeSidbi, COWE launch Swavalamban Sashakt – Mega Campaigni.On February 10, 2021, the Small Industries Development Bank of India (SIDBI) and Confederation of Women Entrepreneurs of India (COWE) have launched “Swavalamban Sashakt- Mega campaign” to encourage and to create awareness about the Stand Up India (SUI) scheme of Central Government.
ii.The webinar series will be held every Wednesday at 3 pm on different franchise models. All stakeholders can interact in it.
iii.Launched in 2016, The scheme is a flagship programme launched by Prime Minister Narendra Modi to facilitate bank loans between Rs 10 lakh and Rs  100 Lakh (1 crore) to scheduled caste (SC) or scheduled tribe (ST) borrower and woman borrower.
About Small Industries Development Bank of India (SIDBI)
Establishment – 1990
Deputy Managing Director– V Satya Venkata Rao
Headquarter– Lucknow, Uttar Pradesh (UP)
About Confederation of Women Entrepreneurs of India (COWE):
It is a Not for Profit Business Organization under Section 25 of Company Law initiated in 2004
Headquarter– Hyderabad, Telangana
<<Read Full News>>

Indian Navy and IIT Delhi Signs MoU for Research in Underwater Domain of Naval Electronic SystemsMoU Signed Between Indian Navy And IIT Delhi For ResearchOn February 10, 2021 Indian Navy and Indian Institute of Technology(IIT) Delhi signed a Memorandum of Understanding(MoU) to further their relationship on research in the underwater domain of Naval Electronic Systems.
Relationship Between Indian Navy & IIT Delhi
i.Since 1970s the  the Centre for Applied Research in Electronics (CARE) at IIT Delhi has been developing  key technologies for Navy in the field of underwater electronics
ii.Research conducted at IIT Delhi has played a key role in the technological advancements of the Indian Navy
iii.Indian Navy, in accordance with  ‘Atmanirbhar Bharat’, aims to develop major technology driven projects through IIT Delhi.
About Indian Navy:
Chief of Naval Staff (CNS)– Admiral Karambir Singh
Integrated Headquarters of Ministry of Defence (Navy)– New Delhi
About Indian Institute of Technology(IIT) Delhi:
Director– Prof. V Ramgopal Rao
Location– New Delhi, Delhi

GSL signs MoU with various Industry Partners to expand its capacity   During the 13th Edition of Aero India Show 2021, Goa Shipyard Limited (GSL) signed 5 Memorandum of Understandings (MoUs) & Agreements with various Industry partners to expand its capacity for Indigenous shipbuilding, ship repair and exports.
i.It has signed MoUs with Hindustan Shipyard Ltd (HSL), SeaTech (Singapore), and with Industry representatives of Bangladesh.
ii.The MoU with HSL, Visakhapatnam will enable GSL to use HSL’s utilities for undertaking repair and construction of Indian Navy or Indian Coast Guard Ships.

  • It will help GSL to undertake repairs of bigger ships and also enhance the yard capacity.

iii.GSL signed MoU with SeaTech, Singapore to undertake engineering design work at Research & Development (R&D) Centre of GSL.
iv.GSL’s MoU with Industry representatives of Bangladesh for export of Patrol Craft and Offshore Patrol Vessel.
The 13th Edition of the Biennial Military Exercise – ‘Aero India 2021: A Big Step Towards Atma Nirbhar Bharat’ took place at the Yelahanka Air Force Base, Bengaluru, Karnataka from February 3-5, 2021.
About Goa Shipyard Limited (GSL):
Chairman & Managing Director – Bharat Bhushan Nagpal
Location – Vasco Da Gama, Goa

Supreme Court stays dismantling of India’s first aircraft carrier INS Viraat

Supreme Court bench headed by Chief Justice of India (CJI) S A Bobde stayed dismantling of the decommissioned India’s first aircraft carrier INS Viraat(world’s longest-serving warship), was purchased by Shree Ram Group for a sum of ₹38.54 crore at an auction conducted by the Metal Scrap Trade Corporation Limited in July 2020 and was proposed to preserve it as a maritime museum. This aircraft carrier was inducted into the Indian Navy in 1987 and decommissioned in 2017.

BANKING & FINANCE

IRDAI Annual Report 2019-20: LIC’s claim settlement ratio deteriorated in FY20 to 96.6%LIC's claim settlement ratio deteriorated in FY20i.In accordance with the data by Insurance Regulatory and Development Authority of India’s (IRDAI) annual report 2019-20, the claim settlement ratio of Life Insurance Corp. of India (LIC) declined in FY20 to 96.6% from 97.7% in FY19. 
ii.On the other hand, Private Insurers has increased their settlement ratio to 97.18% from 96.6% in this period. LIC was ranked 17th among the 24 life insurers.
iii.Among, private sector life insurer Max Life had the highest claim settlement ratio for the industry at 99.2% followed by HDFC Life and TATA AIA – with a settlement ratio above 99%.
About Insurance Regulatory and Development Authority of India (IRDAI):
Chairman – Subhash Chandra Khuntia
Headquarters – Hyderabad, Telangana
<<Read Full News>>

RBI Restricts Withdrawals from Independence Cooperative BankRBI restricts withdrawals from Independence Co-operative Banki.The Reserve Bank of India (RBI)  in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation (BR) Act, 1949 read with Section 56 of the BR Act, 1949 has issued certain Directions to Independence Co-operative Bank Limited based in Nashik, Maharashtra due to it’s present liquidity position.
ii.These directions will remain in force for a period of six months w.e.f. February 10, 2021.
iii.No amount from the total balance across all savings bank or current accounts or any other account of a depositor is allowed to be withdrawn, but are allowed to set off loans against deposits subject to the conditions.
About Deposit Insurance and Credit Guarantee Corporation:
Establishment– 1978
Chairman– Michael Debabrata Patra (Deputy Governor, RBI)
Headquarter– Mumbai, Maharashtra
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Establishment – 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)
<<Read Full News>>

BRICS’ New Development Bank commits USD 100 Million to NIIF Fund of Funds;1st Ever Investment in FoFBRICS’ New Development Bank commits $100 mn to NIIF Fund of FundsNational Investment and Infrastructure Fund Limited (NIIFL) has stated that New Development Bank (NDB) (formerly known as BRICS Development Bank) has committed to invest USD 100 Million (~ INR 727 Crore) into the NIIF Fund of Funds (FoF). 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.
  • Other investors in FoF apart from NDB are Government of India, Asian Infrastructure Investment Bank and Asian Development Bank.
  • FoF pumps capital into Indian private capital funds and will help Indian Companies which are looking for equities to achieve long-term growth.

Benefits of Investment to Indian Economy:

  • The Investments will hugely benefit the Indian economy which is facing difficulties due to pandemic.
  • It will also support India’s efforts to boost investment in infrastructure.
  • It will further address issues like investment gaps, availability of institutional funding for domestic private equity funds.

Note: –
NIIFL set up in 2015 is India’s 1st Infrastructure specific investment fund or a sovereign wealth fund.
About National Investment and Infrastructure Fund Limited (NIIFL):
Managing Director & Chief Executive Officer (CEO) – Sujoy Bose
Headquarters – Mumbai, Maharashtra
About New Development Bank (NDB):
Chairperson of the Board of Governors – Anton Siluanov (Russia)
Vice Chairperson of the Board of Governors – Nirmala Sitharaman (Finance Minister of India)
Headquarters – Shanghai, China
<<Read Full News>>

PNB, IOCL sign 1st of its Kind MoU for providing up to INR 2 Crore Loan to DealersPNB inks deal with Indian Oil to providePunjab National Bank (PNB) 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 IndianOil dealers through the PNB e-Dealer scheme (PNB electronic dealer finance scheme).
Features:

  • 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.

Beneficiaries:
Existing Proprietorships, partnerships, LLP (Limited Liability Partnership) Companies, Trusts or Society entities having dealership agreement with IndianOil.
About Indian Oil Corporation Ltd (IOCL):
Chairman – Shrikant Madhav Vaidya
Headquarters – New Delhi
About Punjab National Bank (PNB):
Managing Director & CEO – S S Mallikarjuna Rao
Headquarters – New Delhi
Established – May 19, 1894
Tagline – The name you can bank upon
<<Read Full News>>

Sri Lanka Settles $400 million Currency Swap Facility with India

On February 4, 2021 The Central Bank of Sri Lanka (CBSL) repaid USD 400 million currency swap to the Reserve Bank of India (RBI). RBI and Sri Lanka entered into this  facility in July 2020 under the South Asian Association for Regional Cooperation (SAARC) currency swap framework. This facility was got for an initial period of 3 months to cope with the severe economic impact of COVID-19 pandemic. Further, RBI provided a three-month rollover at CBSL’s request, until February 1, 2021.
SAARC currency swap framework 
Came into operation- November 15, 2012
Purpose– To provide funding for short term foreign exchange liquidity requirements or for short-term balance of payments until longer term arrangements are made.

ECONOMY & BUSINESS

India’s Real GDP will grow at 10.4% in FY22: Ind-RaFY22 real GDP growth to come in at 10-4 pci.On February 10, 2021 India Ratings and Research (Ind-Ra)Ltd estimated that India’s real Gross Domestic Product(GDP) will bounce back to 10.4% in FY22, primarily based on the base effect.Earlier, Ind-Ra had projected the GDP for FY 21 as -7.8%.
ii.The GDP growth of Q1 to Q3 of FY 21 was negative, the agency expects that the growth will be positive in Q4  at 0.3% .
Note– The full recovery will be visible in FY23.
About India Ratings and Research(Ind-Ra):
It is a 100% owned subsidiary of the Fitch Group.
HeadQuarters– Mumbai, Maharashtra
CEO & MD– Rohit Karan Sawhney
<<Read Full News>>

ACQUISITIONS & MERGERS     

CCI Approves BOI- BAIM & BATS Deal, SHS GmbH- Varian Deal & Ecom-CDC DealCCI ApprovesBank of India to acquire 49% stake each in BOI AXA newOn February 10, 2021 The Competition Commission of India(CCI) has approved following deal:

  • BOI Acquires 49% Stake each in BOI AXA Investment Managers & BOI AXA Trustee Services
  • Siemens Healthineers Holding I Gmb Acquires 100% Shares of  Varian Medical Systems, Inc
  • CDC Group plc Subscribes Securities of Ecom Express Private Limited

About Competition Commission of India (CCI):
Established by– The Central Government with effect from 14th October 2003
Headquarters– New Delhi, India
Chairman– Ashok Kumar Gupta
<<Read Full News>>

BPCL to Buyout 36.62% Stake of BORL from OQ S.A.0.C. for Around Rs 2,399.26 croreBPCL to buy out Oman Oil'si.Bharat Petroleum Corporation Ltd (BPCL) to buyout  36.62% stake (88.86 crore equity shares) of Bharat Oman Refineries Limited (BORL) from OQ S.A.0.C. (formerly known as Oman Oil Company S.A.0.C.) for approximately  Rs 2,399.26 crore.

  • BORL built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh.

ii.Currently, BPCL holds a 63.38% stake in BORL
ii.After the acquisition is completed,  BPCL will hold 100% of the equity share capital(on a non-diluted basis) in BORL.
iv.BPCL has announced that it will sell its 61.65% share to a consortium of Oil India Ltd and Engineers India Ltd & Govt of Assam.
About Bharat Petroleum Corporation Ltd (BPCL):
Headquarters– Mumbai, Maharashtra
Director(HR), Chairman and Managing Director(CMD)– K. Padmakar
<<Read Full News>>

NVIDIA to Acquire SoftBank Group’s Arm Ltd for USD 40 BillionNvidia’s has acquired Arm Ltd from SoftBank Group for $40 billionUS based NVIDIA will acquire UK based Arm Holdings, a designer of chips for mobile phones, from SoftBank Group in a deal worth $40 billion. This deal was signed in September 2020 & became the largest-ever deal in the semiconductor industry.
Why in News Recently?

  • The acquisition is in news recently because both the British and European competition watchdogs opening “in-depth” investigations into the deal and will look at whether the deal would break any competition rules.

Key Info about Acquisition:
i.The acquisition is subject to approval by authorities in several jurisdictions, including Britain, China, the United States and European Union(EU).
ii.This acquisition will combine NVIDIA’s leading Artificial Intelligence(AI) computing platform with Arm’s vast ecosystem to form the foremost computing company for the age of artificial intelligence, accelerating innovation as it expands into large, high-growth markets.
iii.NVIDIA will expand Arm’s R&D presence in Cambridge, UK, by establishing a world-class AI research and education center, and building an Arm/NVIDIA-powered AI supercomputer for groundbreaking research

About NVIDIA:
Headquarters– California, US
Founder, President and CEO– Jensen Huang
About SoftBank Group Corp. (SBG): 
Chairman & CEO– Masayoshi Son
Headquarters– Tokyo, Japan
About Arm Holdings:

Cheif Executive Officer – Simon Segars
Headquarter – Cambridge, United Kingdom(UK)

Govt to sell 20% stake in National Fertilizers Ltd through OFSGovt to sell 20% stake in National Fertilizers LtdThe Central Government is all set to sell 20% stake in National Fertilizers Ltd (NFL) out of its shareholding of 74.71% through an Offer For Sale (OFS) method of shares, which can fetch about Rs 400 crore. 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.

What is OFS Method?
Introduced by the Securities and Exchange Board of India (SEBI) in February 2012, an OFS is a simpler method wherein promoters in public companies can sell their shares and reduce their holdings in a transparent manner through the bidding platform for the Exchange.

  • Means, the promoters are the sellers. 
  • No new shares are created in this like initial public offers (IPO).

Key Points:
–The Domestic Law Firm will act as the Legal Adviser in this process and submit Proposals in consortium with an International Law Firm of repute.
–The deadline for submission of bids for both legal adviser and merchant banker for the OFS ends at 3 pm on 2 March.
About National Fertilizers Ltd (NFL):
Establishment– 1974
NFL has five gas based ammonia-urea plants — Nangal and Bathinda plants in Punjab, Panipat plant in Haryana and two plants at Vijaipur, Madhya Pradesh. 

OBITUARY

Padma Shri Bansi Kaul, Founder of Rang Vidushak & Theatre Director Passed Away at 71Padma Shri Bansi Kaul Passed awayOn 6th February 2021, Padma Shri Bansi Kaul, theatre director and the founder of Rang Vidushak passed away at the age of 71 at his residence in Delhi. He was born in 1949 in Srinagar, Jammu and Kashmir.
About Bansi Kaul:
i.Bansi Kaul has staged the Hindi adaptation of the Oedipus (Greek play) at the Ravindra Bhawan.
ii.He organised the Mach Mela at Ujjain in 1978 in Madhya Pradesh.
Tukke Pe Tukka, one of his successful plays, used the dialect and sense of humor of Bhopalis.
iii.He founded and established the Rang Vidushak in 1985 in Bhopal to support new theatrical practices through the collective efforts of writers and performing artists.
iv.He was the member of the selection panel of Rangmandal, the theater wing of Bharat Bhavan in 1982.
v.He served as the vice president of the Ranga Shri Little Ballet Troupe Trust, Bhopal.
Awards:
i.He received the Sangeet Natak Akademi Award in 1995.
ii.He received the Padma Shri, India’s 4th highest civilian award in 2014 for Arts.
iii.The government of Madhya Pradesh conferred the Rashtriya Kalidas Samman for the year 2016–17.

BOOKS & AUTHORS

MP Jual Oram Released RP Gupta’s New Book “Turn Around India: 2020 – Surmounting Past Legacy” A book titled book 'Turn Around IndiaOn 9th February 2021, Jual Oram, Member of Parliament and the chairman of the standing committee on defence released the RP Gupta’s new book titled “Turn Around India: 2020- Surmounting Past Legacy” on creating awareness among masses. The book was published by Himalaya Publishing House. 
Along with a number of parliamentarians, Soma Mondal, the chairperson of Steel Authority of India Limited (SAIL) participated in the event.
About the book:
i.The book explains the economic history of India which enables it to identify the strengths and weaknesses and helps to take the required corrective actions.
ii.This is an intimate narrative of the experiences and journey of RP Gupta towards achieving success through hard work and determination.
iii.The book highlights the modes and strategies required to transform India into a vibrant economy among the developed nations.
iv.RP Gupta believes that the economy of India can take the fast track with innovative reforms like the Modified Gold monetization scheme, the Modified role of FCI, Rupee appreciation and bond market.
About Author:
i.RP Gupta, an engineering graduate with around 45 years of experience in managing small corporates.
ii.His debut book “Turn Around India” was released by Narendra Modi in April 2013.
iii.He has also authored the “Jan Andolan” a compilation of articles on the serious issues of India economy.

IMPORTANT DAYS

International Day of Women and Girls in Science 2021 – February 11International Day Women and Girls in Sciencei.The United Nations(UN)’s International Day of Women and Girls in Science is annually observed across the world on 11th February to recognize the critical role women and girls play in science and technology communities.
ii.The theme of 2021 International Day of Women and Girls in Science is “Women Scientists at the forefront of the fight against COVID-19”. 
iii.The day aims to address the gender gap in the field of science, technology, engineering and mathematics(STEM) at all levels across the globe.
iv.The 6th International Day Women and Girls in Science Assembly will be organised as a virtual event at the UN headquarters in New York, United States on 11th February 2021.  The theme of the Assembly is “Beyond the Borders: Equality in Science for Society”.
<<Read Full News>>

World Unani Day 2021 – February 11World Unani Day 2021i.World Unani Day is annually observed across the globe on 11th February to create and spread awareness about health care delivery through the Unani system of medicine. The day marks the birth anniversary of Hakim Ajmal Khan, a great Unani scholar and social reformer.
ii.The first Unani day was celebrated in 2017 at Central Research Institute of Unani Medicine (CRIUM), Hyderabad.
iii.the Central Council for Research in Unani Medicine, Ministry of AYUSH has organised the National Conference on Unani Medicine at New Delhi in hybrid virtual mode.
iv.The conference is held under the theme “Unani Medicine: Opportunities and Challenges in times of COVID-19”.
<<Read Full News>>

STATE NEWS

Kerala to Appoint VP Joy as the Next Chief Secretary of KeralaJoy to be Chief Secretary of keralaThe government of Kerala has decided to appoint VP Joy the officer on special duty in the rank of additional chief Secretary, as the Chief secretary of Kerala following the retirement of the incumbent Vishwas Mehta on 28th February 2021.

  • VP Joy will take charge as the new Chief Secretary of Kerala on 1st March 2021 and He will hold the post till 30th June 2023, the date of his superannuation.
  • Vishwas Mehta is expected to take over as the Chief Information Commissioner.

About VP Joy:
i.VP Joy hails from Ernakulam, Kerala was a scientist/engineer at the Vikram Sarabhai Space Centre.
ii.VP Joy, a 1987 Batch IAS officer of Kerala Cadre, started his career as the bureaucrat as the sub collector of Palakkad and Pala.
iii.Prior to his appointment as the additional chief secretary served as the secretary coordination with central secretariat on central deputation
iv.He has also served as the chairman of the National Authority of Chemical weapons conservation.
Other appointments:
The virtual cabinet also decided to recommend the appointment of A Shahjahan, General Education Department Secretary as the State Election Commissioner from March 31.
About Kerala:
Bird Sanctuaries– Thattekkad Bird Sanctuary, Mangalavanam Bird Sanctuary, Chulanur Peafowl Sanctuary
Ports– Cochin Port, Kottayam Port, Vizhinjam International Transhipment Deepwater Multipurpose Seaport

Meghalaya Police signs MoU with SBI for Implementation of e-challanMeghalaya police signs MoU with SBI for implementation of e-challanMeghalaya Police has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) for implementation of e-Challan in the jurisdiction of Shillong Traffic Police (STP).

  • e-Challan system is a digital traffic enforcement solution through which penalties for violators of traffic rules & generation of challans will be carried out digitally.
  • 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.
  • Traffic violators can pay fines using instant card payments by swiping at Point of Sale (PoS) machines or by producing e-Challan at the respective Traffic Unit.

About Meghalaya:
Festival – Nongkrem Dance Festival, Wangala Festival, Shad Suk Mynsiem
Dances – Wangala Dance, Lahoo Dance
About State Bank of India (SBI):
Chairman– Dinesh Kumar Khara
Headquarters– Mumbai, Maharashtra
Founded– July 1, 1955 as SBI
Tagline– The banker to every Indian; With you all the way; Pure banking nothing else; The nation banks on us; A bank of the common man

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Current Affairs Today (AffairsCloud Today)

S.no Current Affairs 12 February 2021
1 CCEA approves Grant-in-aid of Rs 100 cr to BVFCL, Assam
2 Indian Navy’s Largest War Game – ‘TROPEX 21’ underway at the Indian Ocean Region
3 Govt sets up Nodal Authority for Design and Specifications of Deep-Sea Fishing Vessels
4 TIFAC launches 2 Initiatives ‘SAKSHAM’ Job Portal, Sea Weed Mission
5 SIDBI, COWE launch ‘Swavalamban Sashakt’ to promote Stand-Up India Scheme
6 Indian Navy and IIT Delhi Signs MoU for Research in Underwater Domain of Naval Electronic Systems
7 GSL signs MoU with various Industry Partners to expand its capacity
8 Supreme Court stays dismantling of India’s first aircraft carrier INS Viraat
9 IRDAI Annual Report 2019-20: LIC’s claim settlement ratio deteriorated in FY20 to 96.6%
10 RBI Restricts Withdrawals from Independence Cooperative Bank
11 BRICS’ New Development Bank commits USD 100 Million to NIIF Fund of Funds;1st Ever Investment in FoF
12 PNB, IOCL sign 1st of its Kind MoU for providing up to INR 2 Crore Loan to Dealers
13 Sri Lanka Settles $400 million Currency Swap Facility with India
14 India’s Real GDP will grow at 10.4% in FY22: Ind-Ra
15 CCI Approves BOI- BAIM & BATS Deal, SHS GmbH- Varian Deal & Ecom-CDC Deal
16 BPCL to Buyout 36.62% Stake of BORL from OQ S.A.0.C. for Around Rs 2,399.26 Crore
17 NVIDIA to Acquire SoftBank Group’s Arm Ltd for USD 40 Billion
18 Govt to sell 20% stake in National Fertilizers Ltd through OFS
19 Padma Shri Bansi Kaul, Founder of Rang Vidushak & Theatre Director Passed Away at 71
20 MP Jual Oram Released RP Gupta’s New Book “Turn Around India: 2020 – Surmounting Past Legacy”
21 International Day of Women and Girls in Science 2021 – February 11
22 World Unani Day 2021 – February 11
23 Kerala to Appoint VP Joy as the Next Chief Secretary of Kerala
24 Meghalaya Police signs MoU with SBI for Implementation of e-challan