08th July, 2021 – Daily News

Topics covered – Cabinet reshuffle 2021, Bhalia variety of wheat , Ministry of Tourism’s MoU with Yatra , World’s Tallest Sandcastle , “Directory of Extramural Research & Development Projects” report 2018-19 , Multi Commodity Exchange of India , electricity derivative products, Chairman & Managing Director of North Eastern Development Finance Corporation Ltd, Humboldt Research Award for Economics 2021

Bulletins

  1. Cabinet reshuffle 2021:
  2. GI-tagged Bhalia variety of wheat from Gujarat has been exported to Kenya and Sri Lanka.
  3. Ministry of Tourism has signed an MoU with Yatra to strengthen the Hospitality & Tourism Industry.
  4. World’s Tallest Sandcastle has been built in Denmark with a height of 21.16 meters.
  5. “Directory of Extramural Research & Development Projects” report 2018-19 has been released by Department of Science and Technology, Ministry of Science and Technology.
  6. Multi Commodity Exchange of India (MCX) and European Energy Exchange AG (EEX) have entered into an MoU for knowledge sharing and exchanging of expertise on electricity derivative products.
  7. PVSLN Murty has been appointed as the new Chairman & Managing Director of North Eastern Development Finance Corporation Ltd. (NEDFi).
  8. Alexander von Humboldt Foundation of Germany has awarded the Humboldt Research Award for Economics 2021 to Indian economist Kaushik Basu (origin from Kolkata).

Table of Content

National News

  1. Cabinet reshuffle 2021:
      • 43 leaders have sworn in. Of the 43, 15 Ministers were inducted into the Union Cabinet and 28 Ministers inducted as Ministers of State.
      • The newly created Ministry of Cooperation will revive the cooperatives in the country, and stopping the exploitation of agriculturists by the middlemen in India’ rural areas.
      • This ministry will develop Multi-State Cooperatives and will streamline the ‘Ease of Doing Business’ for them to realize the vision of ‘Sahkar se Samriddhi’.
      • Also, the Central Govt has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme.
        • Earlier, the dept was under the Ministry of Heavy Industries and Public Enterprises.
        • Now, the DPE has been included in the Finance Ministry as the Department of Public Enterprises (Lok Udyam Vibhag).
        • Other depts under the M/o Finance – Economic Affairs, Revenue, Expenditure, Dept of Investment & Public Asset Management (DIPAM), and Financial Services.
        • The government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions during 2021-22.

      Constitution:

        • Article 74 provides for a Council of Ministers which shall aid the President in the exercise of the President’s functions.
        • Article 75 provides that Prime Minister shall be appointed by the President and the other Ministers shall be appointed by the President on the advice of the Prime Minister. Also, this article holds Council of Ministers as collectively responsible to the Lok Sabha.
Cabinet Ministers Portfolio
PM Narendra Modi Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; all important policy issues; and all other portfolios not allocated to any Minister Now, he will also monitor Ministry of Science and Technology
Amit Shah Ministry of Home Affairs; Ministry of Cooperation(new)
Mansukh Mandaviya Union minister for Health and Chemical and Fertilisers
Dharmendra Pradhan Minister of Education; and Minister of Skill Development and Entrepreneurship
Jyotiraditya Scindia Civil Aviation ministry
Ashwini Vaishnav Minister of Railways; Minister of Communications; and Minister of Electronics and Information Technology
Narayan Tatu Rane Minister of Micro, Small and Medium Enterprises
Sarbanand Sonowal Minister of Shipping, Ports and Waterways; and Ministry of Ayush
Piyush Goyal Minister of Commerce and Industry; Minister of Consumer Affairs, Food and Public Distribution; and Minister of Textiles
Bhupendra Yadav Ministry of Labour
Anurag Thakur Ministry of Sports & Youth affairs and I&B
Hardeep Singh Puri Ministry of Urban Housing and Petroleum
Smriti Irani Ministry of Women and Child Development (WCD)
Dr Virendra Kumar Minister of Social Justice and Empowerment
Ramchandra Prasad Singh Minister of Steel
Kiren Rijiju Minister of Law and Justice
Bhupender Yadav Minister of Environment, Forest and Climate Change; and Minister of Labour and Employment
Minister of State Ministries
Meenakshi Lekhi Minister of State in the Ministry of External Affairs; and Minister of State in the Ministry of Culture
Pankaj Choudhary Minister of State in the Ministry of Finance
Anupriya Singh Patel Minister of State in the Ministry of Commerce and Industry
Prof. S P Singh Baghel Minister of State in the Ministry of Law and Justice
Rajeev Chandrasekhar Minister of State in the Ministry of Skill Development and Entrepreneurship; and Minister of State in the Ministry of Electronics and Information Technology
Shobha Karandlaje Minister of State in the Ministry of Agriculture and Farmers Welfare
Bhanu Pratap Singh Verma Minister of State in the Ministry of Micro, Small and Medium Enterprises
Darshana Vikram Jardosh Minister of State in the Ministry of Textiles; and Minister of State in the Ministry of Railways
Annpurna Devi Minister of State in the Ministry of Education
A Narayanaswamy Minister of State in the Ministry of Social Justice and Empowerment
Kaushal Kishore Minister of State in the Ministry of Housing and Urban Affairs
Ajay Bhatt Minister of State in the Ministry of Defence; and Minister of State in the Ministry of Tourism
B L Verma Minister of State in the Ministry of Development of North Eastern Region; and Minister of State in the Ministry of Cooperation
Ajay Kumar Minister of State in the Ministry of Home Affairs
Chauhan Devusinh Minister of State in the Ministry of Communications
Bhagwanth Khuba Minister of State in the Ministry of Finance
Kapil Moreshwar Patil Minister of State in the Ministry of Panchayati Raj
Pratima Bhoumik Minister of State in the Ministry of Social Justice and Empowerment
Dr. Subhas Sarkar Minister of State in the Ministry of Education
Dr. Bhagwat Kishanrao Karad Minister of State in the Ministry of Finance
Dr. Rajkumar Ranjan Singh Minister of State in the Ministry of External Affairs; and Minister of State in the Ministry of Education
Dr. Bharati Pravin Pawar Minister of State in the Ministry of Health and Family Welfare
Bishweswar Tudu Minister of State in the Ministry of Tribal Affairs; and Minister of State in the Ministry of Jal Shakti
Shantanu Thakur Minister of State in the Ministry of Ports, Shipping and Waterways
John Barla Minister of State in the Ministry of Minority Affairs
Dr. L. Murugan Minister of State in the Ministry of Fisheries, Animal Husbandry and Dairying; and Minister of State in the Ministry of Information and Broadcasting
Dr. Munjapara Mahendrabhai Minister of State in the Ministry of Women and Child Development; and Minister of State in the Ministry of AYUSH
Nisith Pramanik Minister of State in the Ministry of Home Affairs; and Minister of State in the Ministry of Youth Affairs and Sports
Minister of State (I/C) Ministries
Rao Inderjit Singh Ministry of Statistics and Programme Implementation; Ministry of Planning; and Ministry of Corporate Affairs
Dr. Jitendra Singh Ministry of Science and Technology; Ministry of Earth Sciences; Minister of State in the Prime Minister’s Office; Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; and Department of Space

State News

  1. Jammu and Kashmir has topped in the implementation of the centre’s NISHTHA program.
      • So far, 80,600 elementary teachers have been trained under this program.
      • NISHTHA stands for National Initiative for School Heads’ and Teachers’ Holistic Advancement.
  2. Lieutenant Governor of Jammu and Kashmir, Manoj Sinha has rolled out a fellowship programme –‘Lieutenant Governor’s Sustainable Development Fellowship (LGSDF)’ – for engineering, management and other graduates.
      • The program will be funded by the J&K government and it will be implemented in collaboration with IIT, Jammu.
      • Under the programme, 10 scholars and graduates from IIT Jammu, IIM Jammu, NIT Srinagar, and other national institutes shall be selected every year. These individuals must have requisite work experience and must have qualified in GATE, MAT, NET examinations.
      • Through the program, the govt aims to get solutions for improving government service delivery, removing gaps in policy implementation, and generating valuable insights for policymakers and implementing agencies.
      • Tenure of the fellowship would be 2 years, which may be further extendable by a period of three years.
      • The rate of fellowship shall be Rs 60,000 per month.

Agriculture and Rural Development

  1. GI-tagged Bhalia variety of wheat from Gujarat has been exported to Kenya and Sri Lanka.
      • The GI certified wheat has high protein content and is sweet in taste. The crop is grown mostly across Bhal region of Gujarat, including Ahmedabad, Anand, Kheda, Bhavanagar, Surendranagar, Bharuch districts.
      • The unique characteristic of the wheat variety is that grown in rainfed conditions and cultivated in about two lakh hectares in Gujarat.
      • The Bhalia variety of wheat received GI certification in 2011. The registered proprietor of GI certification is the Anand Agricultural University, Gujarat.
      • In 2020-21, wheat exports witnessed a remarkable growth of 808% to ₹4,034 crore from ₹444 crore in the previous fiscal.
  2. Union Minister for Fisheries & Animal Husbandry Giriraj Singh has launched an online course mobile app “Matsya Setu” for fish farmers.
      • The mobile app has been developed by the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar with funding support from the National Fisheries Development Board (NFDB), Hyderabad.
      • The online course app mainly aims to educate the fish farmers in the country with the latest freshwater aquaculture technologies.

Memorandum of Understanding

  1. Ministry of Tourism has signed an MoU with Yatra to strengthen the Hospitality & Tourism Industry.
      • Ministry of Tourism and Quality Council of India (QCI) also have an arrangement for implementing measures for strengthening the Indian Hospitality & Tourism Industry.
      • The primary objective of this MoU is to provide extensive visibility to accommodation units, which have self-certified themselves on SAATHI (System for Assessment, Awareness & Training for the Hospitality Industry) on the OTA platform.
      • Under the MoU, both parties will encourage units to register on National Integrated Database of Hospitality Industry (NIDHI) and thereby on SAATHI and encourage local tourism Industry with appropriate safeguards for curbing spread of COVID-19.
      • Both parties will also take necessary steps to encourage and promote strategic and technical co-operation in the Indian hospitality and tourism sector.

    About SAATHI:

      • In October 2020, Union Ministry of Tourism and Quality Council of India have launched SAATHI- System for Assessment Awareness and training for Hospitality Industry.
      • This platform was launched to train hospitality industry to take appropriate covid prevention measures.
  2. About NIDHI:

      • National Integrated Database of Hospitality Industry (NIDHI) aspires to become a gateway to opportunities for the Hospitality Industry.
      • Registration with NIDHI will ensure electronic delivery of various services and benefits to the hospitality unit. It serves as a platform for the Hospitality organisations to ideate, share best practices and connect with the Government for ease of doing business.

International News

  1. World’s Tallest Sandcastle has been built in Denmark with a height of 21.16 meters.
      • It is built in the small seaside village of Blokhus by using 4,860 tonnes of sand.
      • The structure created a new Guinness World Record.
      • Led by the seasoned artist Wilfred Stijger of Holland, 30 of the world’s most gifted sand sculptors worked in the making of the giant structure.
      • Wilfred Stijger said Coronavirus was the inspiration of this castle.
Sandcastle
  1. 8th BRICS Education Ministers meeting will be chaired by Minister of State for Education, Communications and Electronics and Information Technology, Sanjay Dhotre.
      • India holds the chairmanship of 13th BRICS Summit.

Reports & Indices

  1. “Directory of Extramural Research & Development Projects” report 2018-19 has been released by Department of Science and Technology, Ministry of Science and Technology.
      • As per the report, the role of women in leading scientific research has dropped by 3% over the last one year.
      • Women Principal Investigators (PIs) participating in research that received Extramural Research (EMR) support was 28% during 2018-19, as compared to 31% in 2017-18.
      • EMR support means support through peer-reviewed competitive grant mechanism of the Central Government to promote, catalyze and advance R&D and innovation in the country and provide special encouragement to scientists to pursue a research career.
      • Of the total 4626 projects, men headed around 74% of them while women led the remaining 26%.
      • Information on Co-Principal Investigators (Co-PIs) is recorded specifically with an intent to highlight the wider participation of women in Extramural Research (EMR). The data shows that 83% of Co-PIs were male and 17% were female.
      • Centre for Human and Organisational Resource Development (CHORD) division of the DST, is in-charge of the information on Extramural Research and Development projects funded by various scientific agencies.

    Quantitative Facts from the Report:

      • Extramural R&D support by the central government was Rs 2091.04 crore in 2018-19 as compared to Rs 2036.32 crore in 2017-18 — an increase of Rs. 54.72 crore over the previous year.
      • Of this support, 64% of the projects were received by eight states, including Tamil Nadu, Delhi, Karnataka, Kerala, Maharashtra, Telangana, Uttar Pradesh, and West Bengal accounting for 71% of the share of funding.
      • The number of projects supported has increased, as well as the number of PIs. A total of 3839 PIs undertook 4616 projects in comparison to 3491 PIs undertaking 4137 projects during 2017-18.
      • The maximum financial support went to Engineering and Technology, while the maximum number of projects went to Biological Sciences.
      • Department of Science and Technology (DST) accounted for the maximum Extramural Research, followed by the Department of Biotechnology (DBT). The two Departments together contributed to 83% of the total extramural R&D funding in India.
GENDER-WISE Distribution Of Principal Investigators During 2018-19
Gender Principal Investigator Projects
Number %age Number %age
Male 2765 72 3394 74
Female 1073 28 1221 26
Heads* 1 0 1 0
Total 3839 100 4616 100
*Projects approved to heads of Organisations & Instituitions, their gender information is not available.Individual PI can receive funding for multiple projects in one year
GENDER-WISE Distribution Of Co-Principal Investigators During 2018-19
Gender Number of Co-PI Percentage
Male 1292 83
Female 262 17
Total 1554 100

Banking & Economy

  1. Multi Commodity Exchange of India (MCX) and European Energy Exchange AG (EEX) have entered into an MoU for knowledge sharing and exchanging of expertise on electricity derivative products.
      • This MoU will facilitate cooperation between the two exchanges in areas such as knowledge sharing, education & training and organizing events in the domain of electricity derivatives.
  2. According to Provisional Statistics of 2020-21 of the Ministry of Coal, India’s total coal production has registered a marginal decline of 2.02% to 716.084 million tonnes during the last fiscal year.
      • Chhattisgarh registered the highest coal production of 158.409 MT, followed by Odisha 154.150 MT, Madhya Pradesh 132.531 MT, and Jharkhand 119.296 MT.
      • Last year, a major chunk of the coal was produced by the public sector.
  3. NABARD has sanctioned loan worth ₹2891.15 lakh under Rural Infrastructure Development Fund (RIDF) to the Government of Goa for ‘Construction of Phase II Building of Goa Dental College and Hospital, Bambolim, Goa’.
  4. FREO (India’s Neobank, formerly known as MoneyTap) has partnered with HDB Financial Services (HDBFS) for providing credit to the new-age consumers.
      • As part of the partnership, FREO and HDBFS will provide high ticket personal loans.
      • The partnership also offers consumers high-ticket personal loans of up to Rs 10 lacs, which can be utilized for bigger expenses such as home renovation, buying a vehicle, planning a trip, and so forth.
      • Credit line is the other facility launched under this partnership.
  5. RBI has eased the norms for interest on the amount left unclaimed with the bank after a term deposit matures.
      • Now, a term deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract the rate of interest as applicable to a savings account or the contracted rate of interest on the matured TD, whichever is lower.
      • The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.
  6. Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement to sell its insurance policies through Bank of India’s branches.
  7. Drip Capital (a fintech provider of cross-border trade finance) has tied up with SBM Bank India to offer trade financing solutions to small and medium-sized exporters in India.
      • Owing to this partnership, MSME exporters will be able to avail collateral-free working capital at competitive rates.
  8. Razorpay (payments solution provider) has partnered with Mastercard to launch ‘MandateHQ’ – a payment interface that will help card-issuing banks to enable recurring payments for its customers.
      • Razorpay, which is backed by Sequoia Capital, GIC, and others, aims to integrate MandateHQ with more than 50 banks in the next 12 months.

Appointments

  1. PVSLN Murty has been appointed as the new Chairman & Managing Director of North Eastern Development Finance Corporation Ltd. (NEDFi).
      • Murty was a Chief General Manager and Chief Strategy Officer of State Bank of India (SBI).
      • NEDFi is a public limited company, set up on 1995, under the Companies Act 1956.
      • It is notified as a Public Financial Institution.
      • NEDFi provides financial assistance micro, small, medium and large enterprises for setting up industrial, infrastructure projects in the North Eastern Region of India and also Microfinance through MFI/NGOs.

Important Days

  1. Chartered Accountants (CA) Day 2021 is observed on July 1 to mark the foundation day of the Institute of Chartered Accountants of India (ICAI).
      • ICAI is also launched an app “ICAI-BOS” for CA foundation, intermediate and final course students on the occasion of CA day.
      • The objective is to provide next-generation interactive learning and innovative ways to improve quality services to the students.

Awards

  1. Alexander von Humboldt Foundation of Germany has awarded the Humboldt Research Award for Economics 2021 to Indian economist Kaushik Basu (origin from Kolkata).
      • A former chief economist of the World Bank, Basu is currently a professor of Economics at Cornell University, US. He is also the sitting president of the International Economic Association.
      • The prestigious award is awarded to as many as 100 recipients each year.
      • The Humboldt Research Award honours scientists and economists from across the world for their work. The award entails prize money of 60,000 euros and an offer to carry out research projects at a scientific institution in Germany for up to 12 months.
Kaushik Basu

Sports

  1. Asian Football Confederation (AFC) has announced that AFC Women’s Asian Cup 2022 will be held at Mumbai Football Arena and Shiv Chhatrapati Sports Complex in Balewadi, Pune.
      • AFC HQ – Kuala Lumpur, Malaysia
  2. Indian Navy’s ace athlete MP Jabir has qualified for the Tokyo Olympics in 400m hurdles after he won gold at Inter-State Athletics Championships in Patiala.
  3. Maana Patel (from Gujarat) has first female and only the third swimmer from India to enter Tokyo Olympics 2020.
      • She has secured a direct entry at the Olympics.

Miscellaneous

  1. Olympic gold-winning hockey legend Keshav Datt passed away.
  2. “Policymaker’s Journal: From New Delhi to Washington D.C.” book has been written by Kaushik Basu.

Start Quiz of 08th July 2021

Q.1) Which article of the constitution provides for a Council of Ministers which shall aid the President in the exercise of the President's functions?
 Q.2) Where is the Bhalia variety of wheat grown in India?
Q.3) With which company has Ministry of Tourism signed an MoU to strengthen the Hospitality & Tourism Industry?
 Q.4) Where has the world’s tallest sandcastle been built?
 Q.5) With which of the following exchanges has Multi Commodity Exchange of India (MCX) partnered for knowledge sharing and exchanging of expertise on electricity derivative products?
Q.6) Who has been appointed as the new Chairman & Managing Director of North Eastern Development Finance Corporation Ltd?
Q.7) Who has won the Humboldt Research Award for Economics 2021 from India?
Q.8) Which of the following application has been launched by Union Minister for Fisheries & Animal Husbandry for educating the fish farmers in the country with the latest freshwater aquaculture technologies?
Q.9) With which sport is MP Jabir associated?
Q.10) Who has first female swimmer from India to enter Tokyo Olympics 2020?
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