Current Affairs 13 November 2021

We are here for you to provide the important Recent and Latest Current Affairs 13 November 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.

Our Current Affairs November 2021 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2021 PDF which will be a pedestrian to crack your exams.

Read Current Affairs in CareersCloud APP, Course Name –  Learn Current Affairs – Free Course – Click Here to Download the APP

We are Hiring – Subject Matter Expert | CA Video Creator | Content Developers(Pondicherry)

NATIONAL AFFAIRS

PM Modi Launches RBI Retail Direct Scheme and RB-IOS On November 12, 2021, Prime Minister Narendra Modi virtually launched 2 customer-centric initiatives of the Reserve Bank of India (RBI) such as the RBI Retail Direct (RBI-RD) scheme & Reserve Bank – Integrated Ombudsman Scheme (RB-IOS).
RBI Retail Direct (RD) Scheme:
i.The scheme will act as a medium for small investors such as the middle class, employees, small businessmen and senior citizens to have their small savings directly and securely in government securities issued by both Centre and state governments.
ii.Through which, investors could easily open and maintain their government securities account online with the RBI, at free of cost.
RBI Integrated Ombudsman Scheme (RB-IOS):
i.RB-IOS was aimed at further improving the grievance redress mechanism for resolving customer complaints against entities regulated by the RBI. The PM stated the scheme is based on ‘One Nation-One Ombudsman’.
ii.Through RB-IOS, RBI will provide a single reference point for the customers to submit documents, track the status of complaints filed and provide feedback.
iii.The RBI after review decided to integrate the current 3 ombudsman schemes such as – the Banking Ombudsman Scheme (BOS), 2006, the Ombudsman Scheme for Non-Banking Financial Companies (OS-NBFC), 2018 and the Ombudsman Scheme for Digital Transactions (OSDT), 2019 into one RB-IOS.
About Reserve Bank of India (RBI):
Establishment– April 1, 1935
Headquarters– Mumbai, Maharashtra
Governor– Shaktikanta Das
Deputy Governors– Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
>>Read Full News

NHSRCL signs MoU with Japan’s JRTC for Designs of HSR Track works for T-3 package for MAHSR Corridor ProjectOn November 11, 2021, National High Speed Rail Corporation Limited (NHSRCL) signed a Memorandum of Understanding (MoU) with Japan Railway Track Consultant Company Limited (JRTC) to design High Speed Rail (HSR) Track works for T-3 package for Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor Project.

• Under this MoU, JRTC will provide the detailed design and drawings of HSR track components like RC Track bed, Track slab arrangement and Continuous Welded Rail CWR for 116-kilometre long track T-3 package between Vadodara and Sabarmati Depot and Workshop in Gujarat.

Key Points:
i.The ceremony was attended by ISAO Horiyama, President JRTC, H.L. Suthar, Principal Executive Director/Design, NHSRCL, other senior officers from NHSRCL, JICC, and JRTC.
ii.JRTC is the only specialized agency for this kind of highly technical work.
iii.Earlier, NHSRCL had earlier signed MoU for the designs of HSR track and track works for the 237-kilometre long T-2 package between Vadodara and Vapi in Gujarat.
About National High-Speed Rail Corporation Limited (NHSRCL):
Establishment– 2016
Managing Director (MD)– Satish Chandra Agnihotri
Headquarter– New Delhi, Delhi

Wangala – “the Festival of 100 Drums” celebrated in Meghalaya On 12th November 2021, Meghalaya state observed the ‘Wangala’, the festival of 100 Drums Festival. It is a post harvest festival of the Garos tribe which is being held every year to honour ‘Saljong’, the Sun God of Garos, which also marks the end of the harvest season.
The festival was inaugurated by Garo Hills Autonomous District Council (GHADC) Chief Executive Member (CEM) Benedic R Marak in the presence of GHADC Chairman Rakesh Sangma.

• The celebration usually lasts for two days, sometimes it can continue for even a week.

Highlights :
i.The ceremony performed on the first day known as “Ragula” is performed inside the house of the chief, and the ceremony on the second day is known as “Kakkat”.
ii.On the first day  the Chibok Dance and the Koch Dance were  performed. The Handloom and Handicrafts exhibition was also inaugurated in the state.
About Wangala Festival :
i.The celebration also signifies the end of a long toil period in the field for the Garo tribe before the start of the winters.
ii. The Wangala is also known as the Festival of Hundred Drums and is celebrated with different forms of dances on the tunes of folk songs played on drums and primitive flute made of buffalo horns.
About Meghalaya:
Tribe- Garo, Khasi, Jaintia
Festivals– Ka Shad Suk Mynsiem, Nongkrem Festival , Behdienkhlam Festival

BANKING & FINANCE

IPPB, DoP partnered with Bajaj Allianz Life Insurance offering Term and Annuity Products to CustomersOn November 11, 2021, a strategic tripartite partnership was inked between the India Post Payments Bank (IPPB), Department of Posts (DoP) and Bajaj Allianz Life Insurance Company (BALIC) for launching two products viz. term and annuity, to prioritize rural customers.

• Through this alliance, BALIC has become the first private life insurer in the country to enter into a tie up with the Department of Posts for sale of PoS products & will utilize IPPB’s vast network of 650 branches and over 136,000 banking access points for offering products to customers.
• The announcement was made during a media meet in New Delhi which was attended by Venkatram Jayanthy, MD (Managing Director) & CEO (Chief Executive Officer), IPPB; and Tarun Chugh, MD & CEO, BALIC; and other senior officials.

Key Points:
i.The entities will reach customers, particularly from weaker sections, living in unbanked and underserved areas in order to make them financially secure and empowered
ii.This partnership will also caters to the IPPB’s objective of offering value added products and services to its customers.
iii.These products are 100% digital buy journey to ensure reach to the last mile and contribution to the digital literacy vision of Government of India.
Products to be offered:
Bajaj Allianz Life Smart Protect Goal– It is a term insurance product to give immediate financial support to a family in the event of an untimely death of the breadwinner. It has the option of return of premium on maturity.
Bajaj Allianz Life Guaranteed Pension Goal– It is an annuity plan, aims to meet post retirement expenses as it offers guaranteed and fixed regular income till the person is alive. It also offers return of purchase price as legacy upon death of annuitant.
Both these products will be available to customers in addition to DoP’s existing PLI (Postal Life Insurance) & RPLI (Rural Postal Life Insurance) products. These will also be offered digitally.
About India Post Payments Bank (IPPB):
Parent Department– Department of Posts, Ministry of Communication with 100% equity owned by Government of India
Establishment– 2018
Tagline– Aapka Bank, aapke dwaar
Headquarter– New Delhi, Delhi

SEBI amends Mutual Fund Norms to launch ETFs on Silveri.On November 9, 2021, the Securities and Exchange Board of India (SEBI) notified SEBI (Mutual Funds) (Third Amendment) Regulations, 2021 amending the SEBI (Mutual Funds) Regulations, 1996 to allow the launch of exchange traded funds (ETFs) on silver .
ii.This notification will enable the asset management companies (AMCs) to include silver or silver-related instruments in the investment schemes or initiate ‘silver ETF schemes’.
iii.It is a mutual fund (MF) scheme which invests primarily in silver or silver-related instruments having silver as the underlying product. It passes on the benefits of price efficiency, liquidity and convenience to retail investors.
About Securities and Exchange Board of India (SEBI):
Establishment– 1992
Chairman– Ajay Tyagi
Headquarter– Mumbai, Maharashtra
>>Read Full News

Jana SFB Tie-up with 3 TReDS Platforms to Support MSMEsJana Small Finance Bank (SFB) has made tie-up with all the 3 existing Trade Receivables Discounting System (TReDS) platforms, namely M1xchange, RXIL(Receivables Exchange of India Ltd), and A.TReDS to ease the flow of liquidity to its MSMEs (Micro, Small and Medium Enterprises) customers.

• The partnership will enable the buyers and suppliers registered on all the TReDS platforms with different options to secure funds by discounting invoices after the sale & AIMA MSME will assist BSE in evaluating MSMEs.
• For MSME suppliers, TReDS offers the benefits of easy and quick availability of finance by discounting receivables at competitive rates, minimum and simple documentation, and overall better working capital management.

About TReDS:
i.It is an electronic platform that has been set by the Reserve Bank of India (RBI) for facilitating the financing/invoice discounting of trade receivables of MSMEs through multiple financiers from corporates and other buyers, including Government Departments and the Public Sector Undertakings (PSUs).
ii.TReDS platform involves three participants viz, Sellers – Only MSMEs; Buyers –  Corporates, Government Departments, PSUs and any other entity; Financiers– Banks, NBFCs (Non-Banking Finance Companies), and other financial institutions as permitted by RBI.
Note – MSMEs contribute 30 percent of India’s GDP.
About Jana Small Finance Bank (Jana SFB):
Establishment – 2008 (as Janalakshmi Financial Services) & Received Small Finance Bank license from RBI in 2017.
Headquarters –  Bengaluru, Karnataka
MD & CEO – Ajay Kanwal

Mobikwik launched MobiKwik RuPay Card in partnership with NPCI & Axis BankMobikwik has launched ‘MobiKwik RuPay Card’ in collaboration with National Payments Corporation of India (NPCI) and Axis Bank which is free of charge and purely digital.

• This card is integrated with the MobiKwik wallet allowing MobiKwik customers to get up to Rs 2 lakh of their MobiKwik wallet balance.
• The customer can use the card and wallet balance at over 41 million merchants across 190 countries along with MobiKwik merchant network.

About Mobikwik:
MD & CEO– Bipin Preet Singh
Headquarters– Gurugram, Haryana

BharatPe launches World’s 1st Merchant Shareholding ProgrammeBharatPe launches the World’s 1st Merchant Shareholding Program (MSP) for its merchant partners. It is a $100 million worth program, under which the company offers its merchant customers an opportunity to buy BharatPe’s equity shares and become a partner.

• The company Plans a public listing by 2024, and targets a public listing value of $1 billion

Objectives
i.To provide an opportunity for offline merchants partners to become part equity owners of BharatPe.
ii.The equity pool structure will be upto $100 million for eligible merchant partners in the next 4 years.
Note – In July 2021, ‘Unacademy’ became the 1st Edutech company to offer stock options to its teachers.
Highlights
i.The MSP is an initiative that creates wealth for loyal merchant partners.
ii.The key areas of equity are merchant payments business, financing and financial services offerings to merchant partners.
iii.The MSP offers Initial Public Offerings (IPO) along with equity.
iv.BharatPe tripled its valuation to $2.85 billion after a $370 million fundraise in a primary and secondary mix led by new investor New York-based Tiger Global Management.
About BharatPe
Chief Executive Officer (CEO) – Ashneer Grover
Established – 2018
Headquarters – New Delhi, Delhi

Niyo partners SBM Bank & VISA to Offer Digital Savings Account

On 12th November 2021, Fintech company ‘Niyo’, in association with SBM Bank India and Visa offers a digital savings account for the customers of Niyo Global

• Indian passport holders can avail the benefits of the Niyo Global card during international travels, for easier foreign exchange.

Highlights
i.Features of Niyo Global card – zero forex markup on car rentals, hotels and flight bookings, live currency conversion on ATM locator.
ii.The account holders can also avail 100% digital onboarding, attractive interest p.a. on balances with monthly interest payouts, complimentary airport lounge access, UPI features, cheque book and all other premium banking offerings, including domestic and international offers.
Note – Niyo account is a digital account with a unique account number and bank IFSC code. You can fund this account in INR via NEFT/IMPS/UPI.
About SBM Bank India
MD & CEO – Sidharth Rath
Established – 1994
Headquarters – Mumbai, Maharashtra
About Niyo:
CEO – Vinay Bagri
Headquarters – Bangalore, Karnataka

BSE Tie-up with All India MSME Association to Promote MSMEs ListingIn November 2021, the BSE (formerly Bombay Stock Exchange) signed an MoU with the All India MSME (Micro, Small and Medium Enterprises) Association (AIMA MSME), to encourage and promote the listing of MSMEs and start-ups.

• Under the partnership, both the entities will raise awareness among MSMEs for listing on the exchange’s SME segment by hosting roadshows and events across India.
• BSE became the 1st stock exchange to get approval from SEBI (Securities and Exchange Board of India) to launch its SME platform in March 2012.
• So far, 353 companies listed on the BSE SME Platform have raised ~ Rs 3,732 crore from the market, and the total market capitalisation of such firms stood at ~ Rs 40,716 crore.

Note – The Government of India has introduced MSME in agreement with the MSME Development (MSMED) Act of 2006. The MSME enterprises primarily engaged in the production, manufacturing, processing, or preservation of goods and commodities.
About BSE (formerly Bombay Stock Exchange):
It is Asia’s 1st and the Fastest Stock Exchange in the world.
Establishment – 1875
Headquarters – Mumbai, Maharashtra
Chairman – Justice Vikramajit Sen
MD & CEO – Ashishkumar Chauhan

ECONOMY & BUSINESS

TVS Motor Became 1st Indian 2-wheeler Maker to Join United Nations Global CompactTVS Motor Company, the flagship company of TVS Group, has joined the United Nations Global Compact(UNGC), the world’s largest voluntary corporate sustainability initiative. TVS Motor has become the 1st Indian two-wheeler and three-wheeler manufacturer to join the UNGC.

• UNGC is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take efforts to support the UN goals.

Key Points:
i.As a part of the UNGC, TVS Motor will be able to build on its efforts across the supply chain with access to the right tools and experts.
ii.TVS Motor will also engage in collaborative projects which will advance the development goals of the UN, particularly the Sustainable development goals(SDG).
iii.As a part of the UNGC, TVS Motor will support the Ten Principles of the United Nations Global Compact on human rights, labour, environment, and anti-corruption.
iv.The offices and operations of TVS Motor across the globe in India, Singapore, Indonesia, the UK, and Europe, will adhere to the commitment.
v.TVS Motors will extend the UN Global Compact to its other partners and vendors and bring them on board as part of its effort in the future.
Additional info:
i.UNGC is the world’s largest corporate sustainability initiative with more than 14,000 companies and 3,000 non-business signatories in over 160 countries and more than 70 Local Networks.
ii.UN Global Compact has more than 400 participating organisations in India from various industries.
About United Nations Global Compact(UNGC):
Executive Director & CEO– Sanda Ojiambo
Headquarters– New York, United States
About TVS Motor Company:
TVS Motor Company is the third-largest 2-wheeler manufacturer in India.
CMD– Venu Srinivasan
Headquarters– Hosur, Krishnagiri, Tamil Nadu      

APPOINTMENTS & RESIGNATIONS    

Daniel Ortega wins  4th Consecutive President term of NicaraguaJosé Daniel Ortega Saavedra, won his fourth consecutive presidential term in Nicaragua elections. According to the  Supreme Electoral Council of Nicaragua, Daniel Ortega won the election with 75% of the total votes polled.

• This will be his fourth consecutive five-year term, and overall this is his 5th term as President.
• This election is widely regarded as rigged, as the opposition political leaders were either prisoned before the election or termed Terrorist & exiled from the country.

About José Daniel Ortega Saavedra
i.Daniel Ortega, born on November 11, 1945, La Libertad, Nicaragua.
ii.He is a  Nicaraguan guerrilla leader, member of the Sandinista junta that took power in 1979, and the elected president of Nicaragua.
About Nicaragua:
Nicaragua is a Central American country, which is nicknamed as “The Land of Lakes and Volcanoes”
Capital– Managua
Currency– Nicaraguan córdoba     

SCIENCE & TECHNOLOGY

South Korea Conducts Tests on Urban Air Mobility Control SystemOn 11^th November 2021, South Korea successfully demonstrated a system for controlling urban air mobility vehicles (UAM) which will serve as urban taxis service between major airports and downtown of Seoul by 2025, cutting travel time by two-thirds.

• UAM could cut travel time for distances between 30-50km (19-31 miles) from an hour by car to 20 minutes by air.

• UAM will become the common means of transportation in citizen’s day-to-day life

Features
i.The air traffic control system that manages domestic and international flights at airports which monitors and manages UAM aircraft.
ii.The technology includes imaging equipment to detect and track the aircraft, and patented lighting systems for “vertiports” where drones land and take off.
iii.The Pilot flew a two-seat model made by Germany’s Volocopter at Seoul’s Gimpo Airport to test and demonstrate its control and coordination which is powered by helicopter-like rotors for vertical take-offs and landings
iv.The drone aircraft was also modeled where an operational 5 seat version with full sized prototype will be tested in 2022
About South Korea:
President – Moon Jae-in
Capital – Seoul
Currency – Won

Jeff Bezos’ Blue Origin Plans to Set Up ‘Orbital Reef’ Space Business Park

Blue Origin, a space tourism company owned by Jeff Bezos, founder of Amazon, has planned to launch “Orbital Reef”, a commercial space station between 2025 and 2030. This 32,000 sq ft station is set to be a mixed-use business park in space that will host up to 10 people.

• This will offer the location for film-making in microgravity or conducting cutting-edge research. This will also include a space hotel.
• Blue origin will partner with Sierra Space a subsidiary of aerospace contractor Sierra Nevada Corporation, as well as Boeing, Redwire Space, and Genesis Engineering to build the outpost.

OBITUARY

South Africa’s last White President – Frederik Willem de Klerk diesThe former president of South Africa, Frederik Willem de Klerk passed away due to mesothelioma cancer  at the age of 85 years. He died of Mesothelioma cancer, a cancer that affects the lining of the lungs.

De Klerk is the last white President of South Africa, who was known for ending the Apartheid System (no voting rights for non-white people) of South Africa.

• De Klerk came to power in 1989 under apartheid, a system of legalised racism, but later became a key figure in the transition to democracy.
• He served as the President of South Africa from 1989 to 1994, and conducted the 1st democratic election (with voting rights to non-white) of South Africa in 1994.
• He also served as the Deputy President from 1994 to 1996, when Nelson Mandela became the country’s 1st black President.

Note – Nelson Mandela,in his autobiography “Long Walk to Freedom”, has detailed De Klerk’s contribution to South Africa’s democracy.

• De Klerk shared the Nobel Peace Prize with Nelson Mandela in 1993 for helping to negotiate an end to apartheid.

BOOKS & AUTHORS

Ajay Chhibber & Salman Anees Soz authors ‘Unshackling India: Hard Truths and Clear Choices for Economic Revival’A book titled ”Unshackling India: Hard Truths and Clear Choices for Economic Revival” authored by Ajay Chhibber and Salman Anees Soz was published by ‘HarperCollins’.
About the book:
i.It examines the potential of India to become a completely developed economy in the next 25 years, ie; by 2047, during India’s 100th year of Independence.
ii.It also mentions the aspirational goals of India such as the USD 5 trillion economy, Chinese threats etc.
iii. They gave the slogan- ‘Samriddh aur Sajit Bharat @100’ (Prosperous and Inclusive India @100).
Other Books by the authors:
Ajay Chhibber:

• Economic Reform in Sub-Saharan Africa
• Restructuring Economies in Distress: Policy Reform and the World Bank

Salman Anees Soz:

• The Great Disappointment: How Narendra Modi Squandered a Unique Opportunity to Transform the Indian Economy

Arabic Edition of ‘100 Great Indian Poems’ Edited by Indian Diplomat Abhay K Launched at SIBF 2021The Arabic edition of “100 Great Indian Poems” 1st edited by Indian Poet-Diplomat Abhay Kumar (Abhay K) was launched at the Sharjah International Book Fair(SIBF) 2021, the world’s largest book fair held in Sharjah, United Arab Emirates(UAE).The book was translated and published into Arabic by Sharjah Institute For Heritage, Sharjah, UAE.

• The book features poems from 28 Indian languages spanning over 3000 years of Indian poetry.
• The SIBF 2021 that runs from 3rd to 13th November 2021 marks the 40th SIBF. 
• SIBF 2021 was held under the theme ‘There’s always a right book’.

Sharjah International Book Fair:
i.Sharjah International Book Fair is an 11-day international book fair held annually in Sharjah, UAE.
ii.The first edition of SIBF was launched in 1982 under the guidance and patronage of His Highness Dr Sheikh Sultan bin Muhammad Al-Qasimi, the UAE Supreme Council Member and Ruler of Sharjah.
About the book:
i.The Arabic edition of the book will act as a cultural and literary bridge between India and the Arab world.
ii.The book was translated as a part of the collaboration with the Consulate General of India in Dubai.The book has also been translated into Irish, Nepali, French and Russian—the publication of these works are expected next year.
iii.Previously the book was translated into several foreign languages which include,

• Italian – ‘100 Grandi Poeme Indiane’ by Edizioni Efesto
• Spanish – ‘Cien Grandes Poemas de la India’ by the National Autonomous University of Nuevo Leon.
• Portuguese – ‘100 Grandes Poemas Da índia’ published by the University of Sao Paulo
• Malagasy – ‘Tononkalo Indianina 100 Tsara Indrindra’ by Tsipika editions.

About Abhay K:
i.Abhay K is the Ambassador to Madagascar and Ambassador to Comoros.
ii.He has also served in various diplomatic capacities in Russia, Nepal and Brazil.
iii.He has authored 9 poetry collections which include ‘The Magic of Madagascar’, ‘The Alphabets of Latin America: A Carnival of Poems’.

IMPORTANT DAYS

World Pneumonia Day 2021 – November 12 World Pneumonia Day is annually observed across the globe on November 12th to create awareness about pneumonia, the world’s leading infection that kills children under the age of 5.

The day also aims to promote the interventions to protect against, prevent and treat pneumonia and to highlight the proven approaches and solutions in need of additional resources and attention.
Background:
i.World Pneumonia Day was established by the Stop Pneumonia Initiative in 2009 to advocate a global action to prevent Pneumonia.
ii.The first world Pneumonia Day was observed on 12th November 2009. 
>>Read Full News

Public Service Broadcasting Day 2021 – November 12Public Service Broadcasting Day is annually observed across India on November 12th to commemorate the first and only address by Mahatma Gandhi on All India Radio (AIR) on 12th November 1947. 
Public Service Broadcasting Day is also known as Jan Prasaran Diwas.
Background: 
i.On 17th November 1947, Mahatma Gandhi visited the AIR Studios at Broadcasting House, New Delhi, Delhi to address the refugees (from Pakistan) who were camped in Kurukshetra, Haryana following the partition.
ii.On 12th November 1997, an event was organised at the AIR premises to commemorate the 50 years of Gandhi’s visit to AIR studios.
iii.In 2001, the 12th November was officially declared Public Service Broadcasting Day.
iv.The day was conceptualised by Suhas Borker, Convenor, Jan Prasar.

World Usability Day 2021 – November 11World Usability Day is annually observed across the globe on the 2nd Thursday of November with an aim to raise standards so that technology works to harness human potential and to make the world a better place for consumers of every kind.
The day is also known as ‘Make Things Easier’ Day.
The World Usability Day 2021 falls on 11th November 2021. 

• The World Usability Day 2020 was observed on 12th November 2020.
• The World Usability day 2022 will be observed on 10th November 2022.

The theme of World Usability Day 2021 is “Design of Our Online World: Trust, Ethics And Integrity”.
The 2021 theme aims to address important issues such as Dark patterns and Ethical design, Designing for Trust, and Diversity, Equity and Inclusion.
Background:
This day was initiated by an organization called the Usability Professionals Association, also known as User Experience Professionals Association.
The first World Usability Day was celebrated in 2005.
World Usability Initiative(WUI):
World Usability Initiative (WUI), a United Nations Initiative, will be combined with the UN’s work, specifically in regard to the 17 Sustainable Development Goals for 2030.

Goal:

• To connect the Human-Computer Interaction (HCI) and the User Experience (UX) field to the United Nations by establishing World Usability Day
• To create projects within developed and developing countries that connect with the United Nations (UN) Sustainable Development Goals.
• To create an UN-based World Usability Organization (WUO) which will focus on ensuring technology, products and services will be made accessible and usable for everyone.

STATE NEWS

Maharashtra signs MoU with RMI for Technical Support in EV PolicyMaharashtra government signed a Memorandum of Understanding (MoU) with United states based Non-Profit Organisation, Rocky Mountain Institute (RMI), to provide technical support for Maharashtra’s Electric Vehicle (EV) policy.

• The MoU was signed at Glasgow, United Kingdom, at the United Nations Conference on Climate Change (COP26).

Key Highlights
i.Maharashtra state EV policy aims to have a 10 percent share of EV vehicles of total registrations in India by 2025.

• Other Targets: Convert 15 percent of Maharashtra State Road Transport Corporation (MSRTC) into EVs by 2025.

ii.Subsidies are provided for setting up of EV charging infrastructure across the state.
Note – In Maharashtra, RMI has already been engaging with the city of Pune through its City EV Accelerator platform to make Pune EV-ready.

• Further, partnership on electric mobility, ZEV, hydrogen fuel and decarbonisation of the  transport sector and urban renewal sector are under process.

About Rocky Mountain Institute (RMI):
Established – 1982
Headquarters – Colorado, USA
Chief Executive Officer (CEO) – Jule Kortenhorst
About Maharashtra:
Capital – Mumbai
Chief Minister – Uddhav Thackeray
Tiger Reserves – Melghat Tiger Reserve, Sahyadri Tiger Reserve

*******

Click Here View – AC Excluded News 2021

Current Affairs Today (AffairsCloud Today)