Current Affairs 7 January 2021

We are here for you to provide the important Recent and Latest Current Affairs 7 January 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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Top 20 Current Affairs of 7 January 2021

NATIONAL AFFAIRS

MoE’s Ramesh Pokhriyal & MoWCD’s Smriti Irani Launched Toycathon 2021 and Toycathon Portali.On January 5, 2021, an inter-ministerial Initiative, Toycathon 2021, was jointly launched by Union Minister Smriti Zubin Irani, Minister for Women & Child Development (MoWCD), Ministry of Textiles, and Union Minister Ramesh Pokhriyal ‘Nishank’, Ministry of Education (MoE) along with Toycathon Portal (https://toycathon.mic.gov.in.) during the launch event in New Delhi.
ii.The idea behind the launch of Toycathon is to make India self-reliant in the toy sector by promoting the indigenous toy industry and to make India as a global Toy manufacturing hub.
iii.Currently India’s toy market stands at around 1.5 Billion USD imports with 80% import of toys.
iv.The official Mascot of Toycathon 2021 is Toycoo.
About Ministry of Education (MoE):
Ramesh Pokhriyal ‘Nishank’ constituency– Haridwar, Uttarakhand
Minister of State (MoS)– Sanjay Shamrao Dhotre
<<Read Full News>>

DRDO signs MoU with Maha-Metro for implementation of Advanced Biodigester Mk-II TechnologyOn January 5, 2021, Defence Research and Development Organisation (DRDO) & Maharashtra Metro Rail Corporation (MAHA-METRO) signed an Memorandum of Understanding (MoU) through which DRDO will provide technical support for the implementation of advanced biodigester Mk-II technology for treatment of human waste (night soil) in the metro rail network.
i.The biodigester units (a non-sewered sanitation technology) will help in conserving water & protecting the environment.
ii.The Biodigester is an indigenous, green & cost-effective technology and was originally  developed for the armed forces in high altitude Himalayan regions which include Leh-Ladakh & Siachen Glacier.
iii.The Mk-II Technology  being used for MAHA-METRO is a revamped & improvised version.
Biodigester Technology:
It converts human waste in usable water and gases, which will be used for cooking and water for  irrigation purposes.
About Defence Research & Development Organisation (DRDO):
Chairman – G Satheesh Reddy
Headquarters– New Delhi
About Maharashtra Metro Rail Corporation Limited (MAHA-METRO):
Chairman – Durga Shanker Mishra
Headquarters – Nagpur, Maharashtra
<<Read Full News>>

Tata Power, SIDBI Join Hands for Rooftop Solar Financing for MSMEsi.On January 5, 2021, Tata Power partnered with Small Industrial Development Bank of India (SIDBI) to provide a finance scheme to Micro, Small & Medium Enterprises (MSMEs) engaged in rooftop solar segment.
ii.The partnership will overcome the financing barriers for penetration of solar in the MSME sector.
iii.This rooftop solar financing is for the MSME customers of Tata Power for both off-grid and on-grid solar connections.
iv.As a part of scheme MSMEs will get financial aid without any collateral at an interest of less than 10%.
About Tata Power:
Chief Executive Officer (CEO) & Managing Director (MD)– Praveer Sinha
Headquarter– Mumbai, Maharashtra
About Small industrial Development Bank of India (SIDBI):
Establishment – 1990
Headquarters– Lucknow, Uttar Pradesh
Deputy Managing Director (MD)– Manoj Mittal, V Satya Venkata Rao
<<Read Full News>>

Cabinet approves signing of MoC between India and Japan on Partnership in “Specified Skilled Worker”i.On January 6, 2021, The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Cooperation (MoC) between the Indian and Japan that pertains to  sending Indian “Specified Skilled Worker” to Japan.
ii.As per MoC the Indian workers, who qualify the required skill and Japanese language test can work in 14 specified sectors in Japan.
iii.These Indian workers will also be granted a new status of residence of ‘Specified Skilled Worker’ by the Japanese Government.
About Japan:
Capital– Tokyo
Currency– Japanese yen
<<Read Full News>>

MP & AP become 1st group of states to complete 3 reforms stipulated by Ministry of Finance;provided Additional Financial AssistanceMadhya Pradesh (MP) & Andhra Pradesh (AP) became the 1st Group of States to complete three out of the Four citizen schemes stipulated by Department of Expenditure, Ministry of Finance. These two states have completed the implementation of schemes – One Nation One Ration Card Reforms, Ease of Doing Business Reforms, & Urban Local Bodies Reforms.
i.As they have completed the reforms, the Department of Expenditure, Ministry of Finance will provide them an additional Financial Assistance of INR 1004 Crore under the newly launched “Special Assistance to States for Capital Expenditure” scheme.
ii.The 4 reforms are One Nation One Ration Card, Ease of doing Business Reform, Urban Local Body/Utility Reform & Power Sector Reform.
Special Assistance to States for Capital Expenditure:
i.AP will get additional financial assistance of INR 344 Crore & MP will get INR 660 crore to implement capital projects.
ii.The amount can be used for implementation of projects in areas of Health, Rural Development, Water Supply, Irrigation, Power, Transport, Education, Urban Development.
iii.The scheme was announced by the Finance Minister in October, 2020 as part of Aatma Nirbhar Bharat Package.
iv.The main objective of the scheme is to boost Capital Expenditure by the State Governments who are facing a shortfall in Tax Revenue due to COVID-19 during the Financial Year 2020-21.
About Ministry of Finance:
Union Minister – Nirmala Sitharaman
Minister of State – Anurag Singh Thakur
<<Read Full News>>

Harsh Vardhan inaugurates CEPI Centralized Network Lab at DBT-THSTI Faridabad; 1st of its kind in India & One of the Seven in the WorldOn January 5, 2021, Union Minister for Science & Technology, Harsh Vardhan virtually inaugurated the Coalition for Epidemic Preparedness Innovations (CEPI) Laboratory at the Translational Health Science & Technology Institute (THSTI), Faridabad. This is the 1st of its Kind in India & one of the Seven labs of the Global network.
i.The lab is part of the Global network developed by CEPI Foundation, the immediate mission of the CEPI Lab at THSTI will be to assess the quality of vaccines being developed  against COVID-19.
ii.The Department of Biotechnology, Ministry of Science & Technology, Government of India is implementing the Ind-CEPI Mission.
iii.CEPI Foundation was launched at Davos in 2017 as a partnership between public, private, philanthropic & civil organizations. The Founders are the Wellcome Trust, Bill & Melinda Gates Foundations, India, Germany, Japan, Norway & World Economic Forum (WEF).
Harsh Vardhan releases e-Book on S & T solutions for COVID-19:
Harsh Vardhan released an eBook on  S & T solutions for COVID-19 which showcases the efforts taken by the Department of Biotechnology (DBT) for mitigation of this pandemic.
About Coalition for Epidemic Preparedness Innovations (CEPI)  Foundation:
Chief Executive Officer – Richard J. Hatchett
Headquarters – Oslo, Norway
<<Read Full News>>

Indian Govt’s SLNP and UJALA Programmes Marks their 6th Anniversary on January 5, 2021i.On January 5, 2021 UnnatJyoti by Affordable LEDs for All (UJALA) and Street Lighting National Programme (SLNP) of Government of India marks their 6th anniversary.
ii.Energy Efficiency Services Limited (EESL) implements these programmes since their inception on January 5, 2015.
iii.Both the programmes were launched by Prime Minister Narendra Modi.
iv.EESL, under UJALA has distributed more than  36.69 crore Light-Emitting Diode(LED) bulbs across India.
v.EESL, with SLNP installed about  1.14 crore LED streetlights across India.
About Energy Efficiency Services Limited (EESL):
i.EESL is a Joint Venture of four Public- Sector Undertakings(PSUs) namely, NTPC Limited, Power Finance Corporation Limited, REC Limited and POWERGRID Corporation of India Limited.
ii.It is promoted by Ministry of Power, Government of India
Founded– 2009
Headquarters– New Delhi, India
Chairman– Rajeev Sharma
Managing Director– Rajat Kumar Sud
<<Read Full News>>

TRIFED, Akhil Bhartiya Vanvasi Kalyan Ashram sign MoU to set up TRIFOOD Parks in Madhya PradeshOn January 3, 2021 TRIFED (Tribal Cooperative Marketing Development Federation of India Limited) under Ministry of Tribal Affairs (MoTA) & Akhil Bhartiya Vanvasi Kalyan Ashram signed a Memorandum of Understanding (MoU) to establish TRIFOOD Parks in 5 districts in Madhya Pradesh.
i.The agreement was signed by Pravir Krishna, Managing Director (MD), TRIFED & Yogesh Bapat, General Secretary of Akhil Bhartiya Vanvasi Ashram.
ii.Trifood Parks:
The parks procure raw materials from the Van Dhan Kendras and process them to be sold across the country through Tribes India outlets
iii.The main aim of TRIFOOD is to enhance the income of tribals through optimal utilization of value addition to Minor Forest Produces (MFPs) collected by Tribal Forest Gatherers.
iv.The 2 organizations will work towards implementation of Van Dhan Yojana through mobilization of Self Help Groups (SHGs), Van Dhan Vikas Kendra (VDVKs) & TRIFOOD parks.
v.It was also agreed that Vanvasi Kalyan Ashram under the mentorship of TRIFED will form new Van Dhan Kendras in tribal areas to identify SHGs, organize training, build infrastructure, provide machinery and other support.
Other Scope of Activities:
Among the other scope of activities, Kalyan Ashram will include other areas like Agriculture, Horticulture, Floriculture, Fisheries, Animal Husbandry, Handlooms, Crafts.
Akhil Bhartiya Vanvasi Kalyan Kendra is an organization which has been working towards the welfare of Tribals in Madhya Pradesh, Chhattisgarh & Jharkhand since 1952.
About Akhil Bhartiya Vanvasi Kalyan Ashram:
President – Jagdeo Ram Oram
Headquarters – Jashpur Nagar, Chhattisgarh

BANKING & FINANCE

GoI, West Bengal & World Bank sign USD 105 Million Project to improve Waterways in West BengalOn January 5, 2021, Government of India (GoI), Government of West Bengal (WB)& World Bank signed USD 105 Million Project (approximately  INR 767 Crores) for the West Bengal Inland Water Transport, Logistics and Spatial Development Project.  The Loan for the project is provided by International Bank for Reconstruction and Development (IBRD). The Loan will have a maturity of 17 years including a grace period of 7 years.
Objective of the Project:
i.To improve inland water transport infrastructure in Kolkata, West Bengal.
ii.Improve Efficiency & safety of passenger & freight movement across the Hooghly River.
iii.Establish a spatial planning framework to enhance accessibility within Kolkata Metropolitan Area.
About World Bank:
Headquarters- Washington, D.C., United States
President- David R. Malpass
About West Bengal:
Chief Minister – Mamata Banerjee
Governor – Jagdeep Dhankhar
<<Read Full News>>

RBI to Introduce LEI for Large-Value Transactions in RTGS/NEFT from April, 2021i.On January 5, 2021, the Reserve Bank of India (RBI) announced the introduction of Legal Entity Identifier (LEI) for all payment transactions of Rs 50 crore and above undertaken by entities through Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).
ii.The directions for the same have been issued by RBI under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
iii.The LEI system will be effective from April 1, 2021.
iv.It is a unique 20-digit global reference number to identify legal entities participating in financial transactions. It makes the identification of an entity easy in the global database.
About Reserve Bank of India (RBI):
Formation– 1 April 1935
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao)
<<Read Full News>>

Bandhan Bank Signs MoU with Indian Army for the Bandhan Bank Shaurya Salary AccountOn January 5, 2021 Bandhan Bank Ltd signed a Memorandum of Understanding (MoU) with the Indian Army for the Bandhan Bank Shaurya Salary Account. The serving personnel of Indian Army will be provided the services of the account through the Bank’s network of banking outlets.
Key People
The MoU was signed by Lt. Gen. Ravin Khosla, DG (MP & PS), Indian Army, and Chandra Shekhar Ghosh, Managing Director & CEO, Bandhan Bank, in New Delhi, Delhi in the  presence of Lt. Gen. Harsha Gupta.
Key Features of Bandhan Bank Shaurya Salary Account:
Balance and Interest
It is a zero balance salary account with  6% interest on balance above Rs.1 lakh.
Unlimited ATM and other Transactions
i.The account holders can make unlimited ATM transactions at Bandhan bank and as well as other bank’s ATMs for free of cost.
ii.They can also make unlimited free National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS)/Immediate Payment Service (IMPS) /Direct Debit(DD) transactions.
Free of Charge Shaurya Visa Platinum Debit Card
The annual charge and issuance of Shaurya Visa Platinum Debit Card is waived off.
Insurance Covers for Self and Asset
i.It offers protection for self and assets, including: Free personal accident insurance of Rs.30 lakh, Air accident cover of Rs.1 crore.
ii.In case of accidental death of the account holder, the dependent child gets free educational benefit of up to Rs.1 lakh per year for 4 years .
Recently Signed MoUs by Other Banks with Defence Forces:
Bank of Baroda(BoB) Signed  MoU with Defence Forces for its Newly Launched ‘Baroda Military Salary Package’.
About Bandhan Bank:
It is the 1st bank to be setup in easterern part of India post independence.
Managing Director & CEO – Chandra Shekhar Ghosh
Head Office– Kolkata, West Bengal
Incorporated– December 23, 2014 as a wholly owned subsidiary of Bandhan Financial Holdings Ltd
Tagline– Aapka Bhala, Sabki Bhalai

RBI announces Operationalization of Payments Infrastructure Development Fund (PIDF) SchemeOn January 5, 2021, Reserve Bank of India (RBI) announced Operationalization of the Payments Infrastructure Development Fund (PIDF) Scheme with an initial corpus of INR 345 Crores for three years starting from January 1, 2021 & may be extended for two more years depending upon the progress. An Advisory Council (AC) under the chairmanship of RBI Deputy Governor BP Kanungo will be responsible for managing the functioning of PIDF.
Objective:
i.To increase the number of Payment Acceptance Devices in the country.
ii.To increase payments acceptance infrastructure by adding 30 Lakh touch points – 10 Lakh Physical & 20 Lakh Digital Payment acceptance devices each year.
iii.The scheme aims to create payment acceptance infrastructure in Tier-3 to Tier-6 Centres with special focus on North East states.
About Reserve Bank of India (RBI):
Established on April 1, 1935 under  the Reserve Bank of India Act, 1934.
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – B. P. Kanungo, M.K. Jain, M. D. Patra & M. Rajeshwar Rao
<<Read Full News>>

ECONOMY & BUSINESS

BEML receives orders from MoD for the supply of High-Mobility Vehicles to Indian ArmyBEML Ltd (previously known as Bharat Earth Movers Limited) has received orders worth ~ INR 758 crores from the Ministry of Defence (MoD) for supplying high-mobility vehicles to the Indian army.
i.The equipment will be manufactured at BEML’s Palakkad Plant in Kerala and will be supplied to Indian Army in a period of 1 year.
ii.The vehicles will play a vital role in the logistics management of the army.
iii.They will be crucial in mobilizing armoured fighting vehicles, troops, ammunition & stores to far and difficult terrains in operational areas.
About BEML Ltd:
Chairman – D K Hota
Headquarters – Bengaluru, Karnataka

India Expected to grow at 5.4 % in Fiscal Year 2021-22 : World Bank reportAccording to the Global Economic Prospects (GEP-January 2021) report released by the World Bank (WB), India is expected to grow at 5.4% in the Financial Year (FY) 2021-22 & 5.2% in FY 2022-23 after an expected contraction of 9.6% in FY 2020/21. The report also highlighted that the
Global Economy is expected to expand by 4% in 2021.
i.The major causes of India’s contraction are sharp declines in household spending & private investment.
ii.The report also states that Vaccine Deployment & Investments as the need to sustain the Global recovery.
iii.The Global economy is set to have contracted by 4.3 % in 2020
iv.GEP is WB’s semi-annual report which reflects the state of the World Economy.
v.The pandemic has caused a massive increase in Global debt levels in the EMDE economies.
Click here to read the full report
<<Read Full News>>

APPOINTMENTS & RESIGNATIONS      

Former Indian Footballer Abhishek Yadav Appointed as AIFF’s 1st Deputy General SecretaryOn January 5, 2021 Abhishek Yadav, Former Indian footballer appointed as the 1st Deputy General Secretary of All India Football Federation (AIFF). It is the first time that a former national player has been appointed at a high-ranked position at AIFF.
i.He was the member of AIFF and has been  serving as national team’s director since January 2018.
ii.It is to be recalled that AIFF decided to create a new deputy general secretary post in its hierarchy
About Abhishek Yadav:
Football Career
i.He also played a key role in chalking out a plan for the revival of Indian Arrows, which included picking the best of talent from the India U-16 and U-17 teams.
ii.He scored the decisive goal in LG Cup 2002 as a substitute in the final against Vietnam, at Thong Nhat stadium, in Ho Chi Minh City, Vietnam paving way to India to win the title, which is India’s first trophy in abroad in 28 years
Key Role Played and Position Held
i.He was involved with the AIFF in various capacities including his work with the sport body’s developmental side Indian Arrows( Indian football club) and the U-17 national team for the 2017 FIFA World Cup in India.
ii.He developed the international scouting project of AIFF in cooperation with the Sports Authority of India (SAI) to help create opportunities for Indian passport holders, who were based abroad.
iii.He was the Chief Operating Officer (COO) of India’s U-17 World Cup team.
About All India Football Federation (AIFF):
President– Praful Patel
Headquarters– New Delhi, Delhi    

Faustin-Archange Touadéra Re-Elected as President of Central African Republic for 2nd TermFaustin-Archange Touadéra has been Re-Elected as the president of the Central African Republic after securing  53.9% votes, an absolute majority of votes in the first round. This is his 2nd term as president of the country. He belongs to the United Hearts Movement, which is led by him.
Note– The presidential election took place on December 27, 2020.
About Faustin-Archange Touadéra:
i.He was elected as the  president for 1st term in 2016. It was the first elections after a coup and civil war that erupted three years earlier.
ii.He also served as the Prime Minister of the country from January 2008 to January 2013.
Additional Info
Anicet-Georges Dologuele came in the second place in the elections with 21.1% of the vote, and Martin Ziguele came in third with 7.4% cote
About Central African Republic: 
Capital– Bangui
Currency– Central African CFA franc

ACQUISITIONS & MERGERS        

SBI Mutual Fund Raises its Stake in CSB Bank to 5.01% from 4.96%On January 1, 2021 SBI Mutual Fund has acquired an additional 86,993 shares in CSB Bank Ltd (formerly The Catholic Syrian Bank Ltd), which consequently raised its stake in the bank  to 5.01% from 4.96% earlier.

• The acquisition was made through open market purchase.

Background
i.The Reserve Bank of India(RBI) has given approval to SBI funds management to acquire stake up to 10 % of the paid up capital of the CSB Bank through various schemes of ‘SBI Mutual Fund.’
ii.This approval is valid for one year till July 21, 2021.
About CSB Bank Ltd (formerly The Catholic Syrian Bank Ltd):
It is currently the oldest private sector bank in Kerala. In 1969 it became a Scheduled Bank, as it was included in the Second Schedule of Reserve Bank of India Act, 1934.
Established– 1920
MD & CEO–  C. VR. Rajendran
Head Office– Thrissur, Kerala
Tagline– Support All the Way

SCIENCE & TECHNOLOGY

Union Railway Minister Piyush Goyal Launched 1^st-of-its-kind Indian Railways’ Freight Business Development Portali.On January 5, 2021, Union Minister Piyush Vedprakash Goyal, Ministry of Railways, launched the first-of-its-kind Indian Railways dedicated Freight portal “Freight Business Development Portal” on the lines of ease of doing business.
ii.This portal enables the customers to know the status of their freight requirement.
iii.This online portal will replace physical processes by minimizing human to human interaction and also bring more transparency and provide professional support.
iv.The portal can be accessed at https://indianrailways.gov.in/# and https://www.fois.indianrail.gov.in/RailSAHAY
About Piyush Vedprakash Goyal:
Constituency– Maharashtra
He is also the union minister of Consumer Affairs, Food & Public Distribution and Ministry of Commerce & Industry.
<<Read Full News>>

ENVIRONMENT

2020 is 8th Warmest Year in India Since 1901: IMDi.The ‘Statement on Climate of India during 2020’ issued by Climate Research and Services (CRS) of India Meteorological Department (IMD), Ministry of Earth Sciences, Government of India mentioned that 2020 was the 8th warmest year in India since nation-wide records commenced in 1901.
ii.But, this is substantially low than the highest warming observed over India during 2016 (+0.71⁰C)
iii.Past decade (2001-2010/ 2011-2020) was also the warmest decade on record with exception of 0.23⁰C /0.34⁰C.
About India Meteorological Department (IMD):
Director General of Metrology(DGM)- Dr. Mrutyunjay Mohapatra
Headquarters- New Delhi, Delhi
<<Read Full News>>

OBITUARY

Former Maharashtra Cabinet Minister Vilas Patil Undalkar Passed Away at 82On January 4, 2021 Vilas Patil Undalkar, former Maharashtra cabinet minister and 7 time MLA passed away at the age of 82 in Satara, Maharashtra. He belongs to Indian National Congress party. He was born on 15th July 1938.
He was elected has as the MLA for 7 times from the Karad South Assembly constituency for a record 35 consecutive years, i.e., from 1980 to 2014
About Vilas Patil Undalkar:
i.He is popularly known as ‘kaka'(Vilaskaka).
ii.He held the Cooperation and Law and Justice portfolios in Maharashtra during the previous Congress-led govt.

Bob Brett, Australian Tennis Coach Passed Away at 67

On January 5, 2021 Bob Brett, Australian Tennis coach passed away at the age of 67.  He was born in Melbourne, Australia  on 13 November 1953. He coached German’s Boris Becker  from November 1987 to February 1991, where Becker won 3 of the German’s six career major titles(grand slam titles) and rised to No. 1 in the ATP rankings. He also opened a private tennis academy in San Remo, Italy. He received many awards including the ATP’s Tim Gullickson Career Coach award in November 2020.He also coached Goran Ivanisevic, Marin Cilic, Johan Kriek.

IMPORTANT DAYS

World Day of War Orphans 2021: January 6i.World Day of War Orphans is observed annually on January 6 around the world.
ii.Aim of the Day

• To raise awareness about the difficult situation of the children who have been orphaned due to war and the need to care for these children who live in traumatic conditions in war-torn areas.
• To address the war orphans as it has become a growing worldwide humanitarian and social crisis.

iii.The day was initiated by France based SOS Enfants En Détresse (SOSEED), a sponsorship program for orphans.
About SOS Enfants En Détresse (SOSEED):
Headquarters– Paris, France
Set up– 2002
<<Read Full News>>

STATE NEWS

UP CM Yogi Adityanath Launched Kisan Kalyan Mission to Double Farmers’ IncomeOn January 6, 2021, Uttar Pradesh government (UP) Chief Minister (CM) Yogi Adityanath launched a 3 week long campaign namely “Kisan Kalyan Mission” for the state’s farmer welfare and to double their income. It will be organised in every development block of all 75 districts.
Important components of Mission:
–Exhibition of Agriculture and the associate sectors.
–To coach farmers with the latest farming guidelines and to raise awareness about scientific farming Farmer meetings will be organized in which scientists, progressive farmers, and the workers associated with the Agriculture Department will explain scientific farming.
–To help farmers in getting benefit from the various schemes of the Central Government such as Pradhan Mantri Kisan Sammann Nidhi (PMKSN), Kisan Credit Cards, and Pradhan Mantri Fasal Bima Yojana (PMFBY).
Felicitation of 100 progressive farmers
As a part of the mission, the UP government will also felicitate 100 ‘progressive farmers’ by recognizing them as role models. Their databases will also be prepared by the government.
About Uttar Pradesh:
Governor – Anandiben Patel
Capital– Lucknow

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