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Current Affairs 14 May 2021

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NATIONAL AFFAIRS

Cabinet Approvals on May 12, 2021Cabinet approvals on May 12, 2021On May 12, 2021, the Union Cabinet chaired by Prime Minister Narendra Modi approved several initiatives. They are
i.Production Linked Incentive (PLI) Scheme – ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ with an Total Outlay of INR 18, 100 Crore.

  • Objective – To incentivise battery makers to manufacture locally, cut import dependence, and also boost Electric Vehicle (EV) adoption.
  • Target – To achieve manufacturing capacity of 50 GigaWatt hour (GWh) of ACC and 5 GWh of ‘Niche’ ACC
  • Proposed by Department of Heavy, Ministry of Heavy Industry & Public Enterprises.
  • It is expected to bring an investment of around INR 45, 000 Crore in ACC Battery storage manufacturing projects.

ii.Transfer of Land of ITBP (Indo Tibetan Border Police) at Mussoorie to Government of Uttarakhand  for construction of  Aerial Passenger Ropeway System.

  • It will connect Dehradun & Mussoorie, estimated cost – INR 285 Crore.

iii.Memorandum of Understanding (MoU) between Institute of Chartered Accountants of  India (ICAI) & Qatar Financial Centre Authority (QFCA).

  • It aims to enhance cooperation between the two institutes to strengthen the Accounting Profession and entrepreneurship base in Qatar.

About Indo-Tibetan Border Police (ITBP)
Director General – S S Deswal
Head Office – New Delhi
About Qatar Financial Centre Authority (QFCA)
Board Member & CEO – Yousuf Mohamad Al-Jaida
Headquarters – Doha, Qatar
>>Read Full News

India adds 12.1 GW Power Generation capacity in  2021, RE contribution stands at 64%: CEEW-CEF ReportIndia adds 12-1 GW power generation capacity in FY21According to the Council on Energy, Environment and Water-Centre for Energy Finance (CEEW-CEF)  Market Handbook  2020-21 (Annual Issue), India added 12.1 GigaWatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources (64%), followed by coal/lignite (3.9 GW) segment.

  • The share of Renewable Energy (RE) in the overall energy sector in 2020 was 10.1 %, up from 9.4% in FY 2020.
  • India’s total power generation also increased by 1.3% in FY 2021 despite COVID-19 restrictions.
  • In FY 2021, Overall RE generation increased by 8.5% compared to 2019.

Fact
India Targets 175 GW Renewable Energy by 2022 – 100 GW Solar, 60 GW Wind, 10 GW Bio-Energy, 5 GW Small Hydro.
About Council on Energy, Environment and Water (CEEW)
CEO – Arunabha Ghosh
Head Office – New Delhi
>>Read Full News

National Bamboo Mission launches MIS Module for Strengthening Agarbatti Stick ProductionNational Bamboo Mission launches MIS moduleNational Bamboo Mission (NBM) has launched an MIS Module (Management Information Systems) for strengthening the domestic Agarbatti Industry.

  • The module will collect data on agarbatti stick production, location of stick making units, availability of raw material, functioning of units, production capacity, marketing etc.
  • It will help in better linkage between the industry & production units, thereby plugging all the information gaps.
  • NBM, Ministry of Small and Medium Enterprises (MSME), Khadi and Village Industries Commission (KVIC) have come together to make India Atma Nirbhar in the Agarbatti sector.
  • Steps are being taken to make the Indian Agarbattis go global.

National Bamboo Mission (NBM)
The restructured NBM was launched in 2018-19 with an outlay of INR 1, 290 Crore for 2 years.

  • It aims to increase the area under bamboo plantation in non-forest government and private lands to supplement farm incomes & for availability of quality raw material requirement of industries.
  • It comes under the Ministry of Agriculture & Farmers Welfare.
  • Till now, NBM is implemented in 21 states, including nine states of the north-eastern region.

  • Direct subsidy of 50% is given to farmers at Rs 1.00 lakh per ha, 100% to Government agencies and also to entrepreneurs for setting up various product development units, etc.

About National Bamboo Mission (NBM)
Mission Director – Chhavi Jha
It comes under the Ministry of Agriculture & Farmers Welfare

INTERNATIONAL AFFAIRS

India received USD 83 Billion in Remittances in 2020, tops in Remittance Inflows: World Bank ReportIndia received $83 billion in remittances in 2020According to Resilience COVID-19 Crisis Through a Migration Lens report released by the World Bank, India received USD 83 Billion as Remittances in 2020, a drop of just 0.2% from 2019 (USD 83.3 Billion in 2019).  It topped the list of Low- and Middle-Income Countries with maximum  Remittance Inflows, India was followed by China (USD 59.5 Billion), Mexico (USD 42.8 Billion).

  • The officially recorded remittance flows to Low-and Middle-income countries reached USD 540 Billion in 2020, just 1.6% below 2019 total of USD 548 billion.
  • Remittance outflow was maximum from the United States (USD 68 Billion), followed by UAE (USD 43 Billion), Saudi Arabia (USD 34.5 Billion).
  • Remittances outflow from India in 2020 was USD 7 Billion, against USD 7.5 Billion in 2019.

Top 3 Countries with Remittance Inflows in 2020

Country Remittance Inflow
India USD 83 Billion
China USD 59.5 Billion
Mexico USD 42.8 Billion

Top 3 Countries with Remittance Outflows in 2020

Country Remittance Outflow
US USD 68 Billion
UAE USD 43 Billion
Saudi Arabia USD 34.5 Billion

>>Read Full News

China’s Population growth records Lowest rate in decades: China CensusChina’s population growth slows to lowest rate in decadesAccording to the 7th census conducted by  China’s National Bureau of Statistics (NBS), China’s annual population growth stood at ‘0.53%’ in the last decade (2010-20), the lowest since 1953.

  • China’s population stood at 1.41 Billion in 2020.
  • The report also states that 12 million babies were born in 2020 (lowest number since 1961), with the number of births falling for the 4th consecutive year.
  • The main cause of slowing growth rate has been attributed to China’s ‘one-child policy’.
  • China’s population is expected to reach its peak in 2025.

India to emerge as World’s most populous country by 2023 or 2024
According to Chinese demographers, India may overtake China as the most populous country by 2023 or 2024, much sooner than the UN projects of 2027.

  • Based on 2019 estimates, India had an estimated population of 1.37 Billion.

About China’s National Bureau of Statistics (NBS)
Commissioner – Ning Jizhe
Headquarters – Beijing
>>Read Full News

World Food Price Index Increased in April, Highest since May 2014: FAO

The Food and Agriculture Organization(FAO) Food Price Index (FFPI) has averaged 120.9 points in April 2021, which is 2 points (1.7%) higher than the FFPI in March 2021 and 28.4 points(30.8%) higher than April 2020.
This marks the 11th consecutive monthly rise in the FFPI value to its highest since May 2014.

  • The April rise of FFPI was led by the increase in the price of sugar, followed by oils, meat, dairy and cereals.
  • FAO Sugar Price Index averaged 100.0 points in April, up 3.8 points (3.9 percent) from March 2021;Dairy Price Index averaged 118.9 points in April, up 1.4 points (1.2 percent) from March, 2021;Meat Price Index* averaged 101.8 points in April, up 1.7 points (1.7 percent) from March, 2021.
  • FFPI is a measure of the monthly change in the  international prices of a basket of food commodities which consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016.

BANKING & FINANCE

RBI Extended Restrictions on Millath Co-operative Bank to August 7, 2021RBI extends restrictions on Karnataka-based Millath Co-operative Bank by 3 monthsUnder Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India(RBI), extended the restriction on Karnataka-based Millath Co-operative Bank, for 3 months i.e up to August 7, 2021.
Background: 
Initially, RBI issued the restrictions (All-inclusive directions Under Section 35A) on the bank on April 26, 2019, and have been extended thereafter. It was last extended till May 7, 2021.
Restrictions: 
i.Without prior approval of RBI, the bank was not allowed to make any investment, renewing of loans and advances, accepting of fresh deposits, borrowing of funds, and dispose of any of its properties or assets.
ii.A withdrawal of sum not exceeding Rs 1000 of the total balance, in current account/ other deposit account was allowed with conditions.
About Reserve Bank of India(RBI):
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael DebabrataPatra, M Rajeshwar Rao, and T Rabi Sankar

Central Govt in consultation with RBI issued Sovereign Gold Bonds Scheme FY22Central government in consultation with Reserve BankThe Government of India(GoI), in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds for FY22. The Sovereign Gold Bonds will be issued in 6 tranches from May 2021 to September 2021.
Channels that sell bonds:
i.The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices.
ii.It will also be sold through recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
About Sovereign gold bonds:
i.They are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government.
ii.To reduce the demand for physical gold, the sovereign gold bond scheme was launched in November 2015.
iii.To buy the gold bonds, the investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
iv.Advantage: Sovereign gold bonds are one of the better ways of investing in gold as along with capital appreciation the investors will get a fixed rate of interest.
v.Disadvantage: It is a long term investment, unlike physical gold which can be sold immediately.
>>Read Full News

PayPal Introduced Digital FIRAPayPal introduces digital Foreign Inward Remittance AdvicePayPal, the Digital payments provider, introduced an automated process to receive monthly Foreign Inward Remittance Advice (FIRA), allowing Indian merchants to download their monthly digital FIRA issued by banks.
What is FIRA?
i.It is a document that acts as proof for all inward remittances and payments received from abroad.
ii.It will be issued by Indian banks and it is required by exporters of all sizes, individual or a business (such as a limited company, partnership firm, sole proprietorship firm etc).
Benefits under Digital FIRA: 
i.The digital FIRA process will be issued at zero cost and reduces time, saves money, removes friction, and eliminate the need to visit branches, thereby reducing the chances of the Covid-19.
ii.The monthly digital FIRA could be downloaded by merchants from their PayPal account. It enables Indian sellers to apply for bill closure and get tax benefits at a much faster rate.
iii.Once the FIRA is made available, the sellers will be notified via email.
About PayPal:
Establishment – December 1998
President and CEO– Dan Schulman
Headquarters– San Jose, California
>>Read Full News

Eroute Technologies Gets PPI Authorization From RBIRBI grants PPI authorisation to Eroute TechnologiesThe Reserve Bank of India (RBI), in exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007, grants authorization to Eroute Technologies Private Limited with perpetual validity for issuance and operation of semi-closed Prepaid Payment Instruments (PPIs) in the country.

  • In January this year, the Eroute revealed plans to launch an offline payments solution based on the Unified Payment Interface (UPI) in India as a part of the first cohort of RBI’s regulatory sandbox on retail payments.

Key points:
i.With this,Eroute Technologies can commence issuance and operational activities of semi-closed prepaid instruments with perpetual validity in India.
ii.Unlike neo banks and other bank-led fintech companies, Eroute Technologies can able to launch its payment solutions at scale independently.
iii.PPIs are instruments that facilitate purchase of goods and services, including financial services, remittances, and funds transfers, against the value stored in such instruments.
About Semi-closed system PPIs:
i.These payment instruments do not allow you to make a cash withdrawal, irrespective of whether they are issued by banks or non-bank institutions.
Eg: PPIs such as HDFC Bank’s PayZapp and State Bank of India’s YONO and non-bank PPIs such as Paytm and GPay are authorized by RBI for the purchase of goods and services, including financial services, payments, money transfer, remittance facilities, etc.
Background:
Last month, the RBI had allowed non-banking payment system operators of PPIs to become a direct member of the RBI operated of the centralised payment systems of RTGS/ NEFT transactions.
Benefits:
i.Besides, the full-KYC PPIs like wallets and prepaid cards are made interoperable, the outstanding balance in such instruments stands increased to Rs 2 lakh and cash withdrawals have been permitted through ATMs and points of sale.
ii.This will make non-bank issued PPIs almost at par with bank accounts which will boost digital financial inclusion, expansion to cater to the needs of the customers, including MSMEs, small traders and merchants.
About Eroute Technologies
Headquarters: Noida,UttarPradesh
Managing Director(MD) and Chief Executive Officer(CEO): Sanjeev Pandey

SEBI Amended AIFs, Added Start-up Definition; Mandated Dividend Distribution Policy for Top 1,000 Listed CompaniesSebi amends AIF norms, provides start-up definitionSecurities and Exchange Board of India (SEBI)has amended the alternative investment funds (AIF) norms called SEBI (AIFs) (Second Amendment) Regulations, 2021 on May 2021 to add – definition of Start-up for the investment by Angel Funds and regulations over the AIFs.
Amendments over the AIFs:
Definition of Start-up: It means a private limited company or a limited liability partnership which fulfils the criteria for a startup as specified by the Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

Exisitng Regulation Amended Regulation
Category I and II AIFs investmen is capped at 25 percent in 1 Investee Company Category I and II of AIFs investment is capped at 25 percent in an investee company directly or through investment in the units of other AIFs

Note (Rules have been broadened to include indirect holding through another AIF)

Category III AIFs should not invest more than 10 percent in an Investee Company Category III of AIFs should not invest more than 10 percent in an Investee Company directly or through investment in units of other AIFs
Angel funds shall invest in “venture capital undertakings” Angel funds shall invest in “startups”

SEBI has also stated the scope of responsibilities of managers and members of investment committees, and prescribed a code of conduct for AIF, trustee and directors of the trustee/directors of the AIF, manager, members of the investment committee and key management personnel of AIF and manager.
SEBI Mandated Dividend Distribution Policy for Top 1,000 Listed Companies:
To strengthen the corporate governance practices and disclosure requirements, SEBI has made it must for the top 1,000 listed firms to formulate a dividend distribution policy(DDP).
Key points:
i.It included the framework regarding the Risk Management Committee’s (RMC) constitution, applicability, and role.
ii.Extended the requirement for formulation of DDP and RMC from top 500 listed to the top 1,000 listed entities on the basis of market capitalisation.
iii.Eased the norms for re-classification of a promoter as a public shareholder.
About Securities and Exchange Board of India (SEBI):
Establishment – On April 12, 1992, in accordance with the SEBI Act, 1992.
Headquarters – Mumbai, Maharashtra
Chairman – Ajay Tyagi
>>Read Full News

Rs 455 Cr Raised by SBI Cards by Issuing BondsSBI Card raises Rs 455 cr by issuing bondsRs 455 crore has been raised by SBI Cards and Payment Services (SBI Card) by issuing bonds.These bonds  will offer coupons at 5.70 percent per annum which will mature on May 10, 2024

  • 4,550 unsecured Non-Convertible Debentures(NCD’S) that have a fixed-rate and are taxable and redeemable has been allocated by SBI cards

Key points:
i.Under this,NCDs with a face value of Rs 10 lakh each aggregating to Rs 455 crore on a private placement basis will be issued.
ii.And these bonds will be listed in the wholesale debt market segment of BSE(Bombay Stock Exchange) by SBI cards
About SBI Cards and Payment Services(SBI Cards):
Establishment: October 1998
Managing Director(MD) & Chief Executive Officer(CEO): Rama Mohan Rao Amara
Headquarters: Gurgaon,Haryana

ECONOMY & BUSINESS

CERC gives approval to start India’s 3rd Power ExchangeIndia to get third power exchange owned by PTC, BSE by year endCentral Electricity Regulatory Commission (CERC) has approved the registration to start India’s 3rd Power Exchange. The Power Exchange will be established by Pranurja Solutions Ltd, a company promoted by BSE Investments, PTC Ltd & ICICI Bank.

  • The Power Exchange is expected to be operational by the end of 2021.
  • The other two power exchanges in India are Indian Energy Exchange (IEX) & Power Exchange of India Ltd (PXIL).
  • The commencement of operation of power exchange is subject to approval of laws, rules & technology in accordance with various provisions of the Power Market Regulations (PMR) 2010.
  • PTC India & BSE Investments Lts own 22.62% each in Pranurja solutions, while ICICI Bank holds 9.04%. Rest is held by other investors like Jindal Power and others.
  • An Power exchange facilitates sale & purchase of power through several types of contracts – day-ahead, term-ahead, renewable energy certificates, and real-time electricity market.

About Central Electricity Regulatory Commission  (CERC)
Chairperson – P.K.Pujari
Headquarters – New Delhi
>>Read Full News

APPOINTMENTS & RESIGNATIONS          

Yoweri Museveni was sworn in for 6th term as the President of Uganda 

Yoweri Museveni(76-year-old) of the National Resistance Movement party has sworn in for the 6th term as the President of Uganda. He took the oath of office at the ceremony held in Kampala, Uganda.

  • He is expected to serve as the President of Uganda till 2025.
  • He won the re-election in January 2021 with 58.6% of the vote.

About Yoweri Museveni:
i.Yoweri Museveni has been serving as the leader of Uganda since 1986. He is one of the world’s longest-serving leaders.
ii.He led the rebellion against the dictator Idi Amin in 1979.
iii.He won Uganda’s first direct presidential election and became the President in 1996.
About Uganda:
President– Yoweri Museveni
Capital- Kampala
Currency– Ugandan Shilling

British Diplomat Martin Griffiths Appointed as UN Humanitarian ChiefUN diplomat Martin Griffiths appointed UN humanitarian chiefUnited Nations(UN) Secretary-General Antonio Guterres has appointed veteran British diplomat Martin Griffiths as the new UN humanitarian Under Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator(Chief).He succeeds Mark Lowcock, a Briton who has served as undersecretary-general for humanitarian affairs and emergency relief coordinator for four years.
About Martin Griffiths:
i.Martin Griffiths is currently serving as the UN’s top envoy for Yemen.
ii.He served as the first executive director of the European Institute of Peace from 2014-2018 and he served as special adviser to three UN special envoys for Syria and also as deputy head of the UN mission in Syria.
iii.In 1994,He served as director of the UN Department of Humanitarian Affairs, in Geneva and he is also the founding director of the Center for Humanitarian Dialogue in Geneva.
iv.He has also worked for various international humanitarian organizations, including United Nations Children’s Fund(UNICEF), Save the Children and ActionAid.
v.From 1999 to 2010, he was the founding director of the Centre for Humanitarian Dialogue in Geneva.

ACQUISITIONS & MERGERS        

Ministry of Power Approved NHPC to acquire 2% equity stake of PTC India in Chenab Valley Power ProjectsNHPC gets nod to acquire 2% equity stake of PTC IndiaOn May 12, 2021, the Ministry of Power has approved the State-run hydro power NHPC Ltd to acquire the 2 per cent equity stake of Chenab Valley Power Projects Private Ltd. from PTC India.

  • Chenab Valley Power Projects Private Ltd is a Joint Venture Company between NHPC (49 percent), Jammu and Kashmir Power Development Corporation (JKSPDC) (49 percent) and PTC (2 percent)
  • Now, after the acquisition, NHPC’s share in Chenab Valley Power Projects Private Ltd increased to 51 percent and became the majority stakeholder of it.

Key points about Chenab Valley Power Projects Private Ltd:
i.It was formed through the initiative of the Government of Jammu & Kashmir and the Government of India to harness the vast hydro potential of river Chenab.
ii.It was entrusted with the construction of hydro projects with an aggregate installed capacity of 3094 MW based on Build, Own, Operate and Maintain (BOOM).
iii.Projects under it include –  Kiru Hydroelectric Project (624 MW), Pakal Dul hydroelectric Project (1000 MW), Kwar Hydroelectric Project (540 MW) and Kirthai-II hydroelectric Project (930 MW).
About NHPC Ltd:
Headquarters – Faridabad, Haryana
Chairman & Managing Director – Shri Abhay Kumar Singh
About Chenab Valley Power Projects Private Ltd:
Establishment – 2011
Headquarters – Jammu, Jammu and Kashmir
Chairman – Suresh Kumar
Managing Director – A.K. Choudhary

OBITUARY

KR Gouri Amma-Kerala’s First Revenue Minister & Architect of Land Reforms Passed AwayKR Gouri Amma , Kerala's First Revenue Minister,architect of land reforms in Kerala, passed awayOn 11th May 2021,the first Revenue Minister of Kerala, Kalathilparambil Raman(KR) Gouri Amma popularly known as the architect of land reforms in Kerala passed away at the age of 101 due to age-related ailments in Thiruvananthapuram,Kerala.She was born on July 14, 1919 in Alappuzha district,Kerala.
About KR Gouri Amma:
i.KR Gouri Amma is fondly known as the Iron Lady and Stormy Petrel of Kerala politics.
ii.She was the first law graduate from the backward Ezhava community.
iii.She was a six-time minister and was elected to the state assembly 12 times.
iv.She introduced the revolutionary Land Reforms Bill in 1957 and the Women’s Commission Bill in 1987.
v.She played an important role in setting up India’s first Information Technology Park (Tehnopark) with the help of former technocrat KPP Nambiar.
vi.She was a founding member of the Communist Party of India (Marxist), or CPI (M).
vii.She was the lone surviving member of the first Kerala legislative assembly headed by legendary Communist leader EMS Namboothiripad in 1957 and the only woman in the first state cabinet.

BOOKS & AUTHORS

Ruskin Bond’s New Book Titled “All Time Favourites for children” to be ReleasedAll Time Favourites for ChildrenMost Renowned author Ruskin Bond, is coming up with a new book titled “All Time Favourites for Children” on his 87th birthday on May 19, 2021.It will be published by Puffin, children’s imprint of Penguin Random House. Illustrations of the book was done by Kashmira Sarode.
About the Book:
It is a collection of short stories which will feature some of his most celebrated characters and stories like ‘Rusty’s Adventures’, ‘Grandfather’s Stories’ as well as new stories like ‘Goldfish Don’t Bark’, ‘Friends from the Forest’ and many more.
About Ruskin Bond:
i.Ruskin Bond is an Indian author of British descent.
ii.He was awarded the Padma Shri in 1999 and the Padma Bhushan in 2014 for his contribution to the field of literature.
iii.He has also won the Sahitya Academy Award for his English novel “Our Trees Still Grow in Dehra” in 1992.
iv.His first novel, “The Room on the Roof” which was written when he was seventeen, received the John Llewellyn Rhys Memorial Prize in 1957.

Actress Kalki Koechlin Authored Her Debut Book Titled “Elephant In The Womb” Elephant In The WomActress Kalki Koechlin has authored her debut book titled “Elephant In The Womb”, a non-fiction book on motherhood. The illustrations of the book were done by  Valeriya Polyanychko. The illustrated book will be published by the Penguin Random House. India(PRHI).
About the book:
i.The book focuses on the physiological discomfort and manic expectations during motherhood.
ii.The book features the personal essays and think pieces of Kalki.
About Kalki Koechli:
i.Kalki Koechli is a French citizen born in 1982 in Puducherry, India.
ii.She has also starred in Hindi and Tamil Movies.

Nobel Prize-winning Author Kazuo Ishiguro, Authored a New Book Titled “Klara and the Sun Novel”
A Book titled “Klara and the Sun Novel” authored by Nobel Prize-winning author Kazuo Ishiguro has been published by Penguin Random house
About the Book:
Klara and the Sun is a thrilling book that offers a look at our changing world through the eyes of an unforgettable narrator, and one that explores the fundamental question: what does it mean to love?
About the author
i.Kazuo Ishiguro,a British novelist was born in Nagasaki, Japan, in 1954 and moved to Britain in 1960.
ii.He was awarded the Nobel Prize in Literature in 2017 & also won the Man Booker prize in 1989 for his novel ‘The Remains of the Day’.
iii.He was given a knighthood in 2018 for Services to Literature. He has also won Chevalier de l’Ordre des Arts et des Lettres from France and the Order of the Rising Sun, Gold and Silver Star from Japan.

IMPORTANT DAYS

1st International Day of Argania 2021 – 10 MayInternational Day of ArganiaUnited Nations(UN)’s first International Day of Argania was observed on 10th May 2021 to recognise the importance of the Argan tree in achieving the 3 dimensions (Economic, Social and Environmental) of sustainable development at the local level.
Starting from 2021 the International Day of Argania will be observed annually across the globe on 10th May.
i.The Argan trees, endemic to Morocco, are cultivated using ancient agroforestry practices like Matifya, a rainwater reservoir carved into a rock.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/75/262 on 3rd March 2021 and proclaimed the 10th May of Every year as the International Day of Argania
ii.The resolution was submitted by Morocco and was co-sponsored by 113 member states of the UN.
>>Read Full News

STATE NEWS

Chhattisgarh CM, Bhupesh Baghel Inaugurated ‘CGTeeka’ Web Portal to ease COVID-19 Vaccination Registration Chhattisgarh CM inaugurates CGTeeka web portalChhattisgarh Chief Minister(CM) Bhupesh Baghel, inaugurated “CGTeeka” web portal over a virtual platform from Raipur, Chhattisgarh. The ‘CGTeeka’ portal will make the process of registration for the COVID-19 vaccination convenient for every section of society.
The portal was developed by the Chhattisgarh Infotech Promotion Society (CHIPS).
Purpose:
To enable systematic vaccination of people of age group 18-44 years.
Features of CGTeeka:
i.The portal is developed on the basis of the social and geographical conditions of Chhattisgarh.
ii.Through this portal, the public can get accurate information on the time and place of vaccination.
iii.The portal was developed to support the people of BPL, Antyodaya and destitute class to register for the COVID-19 vaccination through the help desk.

  • Help desks are established at panchayats, urban bodies, municipal corporations and other locations to help the people without internet facility to register for COVID-19 vaccination.

About Chhattisgarh:
Wildlife Sanctuary– Achanakmar Wildlife Sanctuary, Badalkhol Wildlife Sanctuary, Barnawapara Wildlife Sanctuary, Bhairamgarh Wildlife Sanctuary
Forts- Chaiturgarh Fort, Kashigarh Fort, Kotagarh Fort, Kotmi Fort

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Current Affairs Today (AffairsCloud Today)

S.no Current Affairs 14 May 2021
1 Cabinet Approvals on March 12, 2021
2 India adds 12.1 GW Power Generation capacity in  2021, RE contribution stands at 64%: CEEW-CEF Report
3 National Bamboo Mission launches MIS Module for Strengthening Agarbatti Stick Production
4 India received USD 83 Billion in Remittances in 2020, tops in Remittance Inflows: World Bank Report
5 China’s Population growth records Lowest rate in decades: China Census
6 FAO Food Price Index increased in April; highest since May 2014
7 RBI Extended Restrictions on Millath Co-operative Bank to August 7, 2021
8 Central Govt in consultation with RBI issued Sovereign Gold Bonds in 6 tranches between May and September 2021
9 PayPal Introduced Digital FIRA
10 Eroute Technologies Gets PPI License From RBI
11 SEBI Amended AIFs, Added Start-up Defition; Mandated Dividend Distribution Policy for top 1,000 listed Companies
12 Rs 455 Cr Raised by SBI Cards by Issuing Bonds
13 CERC gives approval to start India’s 3rd Power Exchange
14 Yoweri Museveni was sworn in for 6th term as the President of Uganda
15 British Diplomat Martin Griffiths Appointed as UN Humanitarian Chief
16 Ministry of Power Approved NHPC to acquire 2% equity stake of PTC India in Chenab Valley Power Projects
17 KR Gouri Amma-Kerala’s First Revenue Minister & Architect of Land Reforms Passed Away
18 Ruskin Bond’s New Book “All Time Favourite for the children” to be Out on his 87th Birthday
19 Actress Kalki Koechlin Authored Her Debut Book Titled “Elephant In The Womb”
20 Nobel Prize-winning Author Kazuo Ishiguro Announced his New Book Titled “Klara and the Sun Novel”
21 1st International Day of Argania 2021 – 10 May
22 Chhattisgarh CM Inaugurated ‘CGTeeka’ Web Portal to ease COVID-19 Vaccination Registration