16th and 17th October, 2021 – Daily News

Topics covered – Women Transforming India Awards (WTI) 2021 , Department of Public Enterprise , 8th ministerial meeting of the India-U.S.A. Economic and Financial Partnership Dialogue , ‘Chief Minister’s Health for All’ scheme, MoU with Russia for procuring Di-ammonium Phosphate (DAP) fertilise, International Space Station , Plenary Meeting of the International Monetary and Financial Committee , Council on Energy, Environment and Water , Vested Finance , “Fiscal Monitor: Strengthening the Credibility of Public Finances” report, 2019–2030 Climate Finance Ambition, MD & CEO of rating agency Crisil, Global Handwashing Day , International Day of Rural Women , World Students’ Day , World Sight Day , WHO Director-General’s award

Bulletins

  1. NITI Aayog will present the Women Transforming India Awards (WTI) 2021 to 75 achievers to celebrate the 75 years of independence.
  2. Department of Public Enterprise has reviewed the performance of the 144 Central Public Sector Enterprises in India for 2019-20.
  3. The 8th ministerial meeting of the India-U.S.A. Economic and Financial Partnership Dialogue was held at Washington D.C.
  4. IISc-incubated startup L2MRail, Society for Innovation and Development (SID), and IISc have signed an MoU with Kerala Rail for enhancing rail safety, especially in risk-prone terrains.
  5. Manipur Chief Minister N Biren Singh has launched the ‘Chief Minister’s Health for All’ scheme.
  6. India has signed a long-term MoU with Russia for procuring Di-ammonium Phosphate (DAP) fertiliser.
  7. NASA has announced the new dates to launch the next rotation missions to the International Space Station (ISS).
  8. Bharati Airtel’s OneWeb has launched 36 internet satellites into orbit on Russian-built Soyuz rocket from the Vostochny Cosmodrome, in Russia.
  9. Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) was held at the Annual Meetings 2021 in Washington D.C.
  10. Council on Energy, Environment and Water (CEEW) has released the ‘Implications of a Net-zero Target for India’s Sectoral Energy Transitions and Climate Policy’ report.
  11. SBM Bank has partnered with Vested Finance to allow Indian investors to invest in US market.
  12. International Monetary Fund (IMF) has released its latest “Fiscal Monitor: Strengthening the Credibility of Public Finances” report.
  13. Asian Development Bank (ADB) has increased the amount of its 2019–2030 Climate Finance Ambition to $100 Billion.
  14. Amish Mehta has been appointed as the new MD & CEO of rating agency Crisil.
  15. Global Handwashing Day is observed from October 15.
  16. International Day of Rural Women is observed on October 15 by UN.
  17. World Students’ Day is observed on October 15 in honour of former Indian president APJ Abdul Kalam, who was born on the same day in 1931.
  18. World Sight Day is observed on 2nd Thursday of October by International Agency for Prevention of Blindness.
  19. Late Henrietta Lacks has won the WHO Director-General’s award, who died of cervical cancer, on 4 October, 1951.

Table of Content

National News

  1. NITI Aayog will present the Women Transforming India Awards (WTI) 2021 to 75 achievers to celebrate the 75 years of independence.
      • WTI Awards are given under The Women Entrepreneurship Platform (WEP) of NITI Aayog.
      • This is the 5th edition of these awards. The award celebrate the contribution of women entrepreneurs towards ‘Sashakt aur Samarath Bharat’.
      • This year, the WTI Awards are being launched in partnership with the UN, CISCO CSR, FICCI and Grant Thornton Bharat.
      • The winners will be felicitated on the occasion of International Women’s Day 2022.
  2. About the Women Entrepreneurship Platform:

      • The Women Entrepreneurship Platform seeks to transform the entrepreneurial ecosystem for women by bringing together stakeholders offering information and services.
      • Based on the three pillars of Iccha Shakti, Gyan Shakti and Karma Shakti, it is an aggregator platform for established as well as aspiring entrepreneurs.
      • The platform provides incubation support, mentorship, funding avenues, compliance / taxation support and peer learning.
  3. Department of Public Enterprise has reviewed the performance of the 144 Central Public Sector Enterprises in India for 2019-20.
      • Only 25 CPSEs have performed well and are placed in the excellent category.
      • 18 have been categorised as “very good”, 66 as “good” and 30 as “fair” and 28 units as “poor”.
      • The complete assessment for 2020-21 is likely to get over by January 2022.
  4. The 8th ministerial meeting of the India-U.S.A. Economic and Financial Partnership Dialogue was held at Washington D.C.
      • The meeting was chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman and the Secretary of the Treasury of the United States Dr Janet Yellen.

State News

  1. IISc-incubated startup L2MRail, Society for Innovation and Development (SID), and IISc have signed an MoU with Kerala Rail for enhancing rail safety, especially in risk-prone terrains.
  2. Manipur Chief Minister N Biren Singh has launched the ‘Chief Minister’s Health for All’ scheme.
      • Door-to-door health screening will be conducted across the state and Jan Aushadhi medicines will be provided to patients free of cost for primary health care under the scheme.

Memorandum of Understanding

  1. India has signed a long-term MoU with Russia for procuring Di-ammonium Phosphate (DAP) fertiliser.
      • The purpose of this MoU is to stabilize prices of DAP in India and reduce dependency on the countries like Jordan, Morocco, China, etc.
      • Recently, the government has increased the subsidy to 140% on DAP fertiliser in order to retain the selling price for farmers at the current level.
      • The international prices of phosphoric acid, ammonia etc. used in DAP have gone up by 60% to 70%.
      • The government had allocated nearly Rs 79,600 crore for fertiliser subsidies in the 2021-22 Budget.

International News

  1. NASA has announced the new dates to launch the next rotation missions to the International Space Station (ISS).
      • The third rotation mission – Crew-3 – will be launched on October 31 and the Crew-2 mission will return to Earth by mid-November.
      • The Crew-3 mission will be led by Raja Chari (NASA astronaut).
      • The mission, with four astronauts, will be launched on a SpaceX Falcon 9 rocket strapped into the Dragon capsule from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.
      • The fourth rotation mission to the Space Station will be launched on April 15, 2022.
  2. Bharati Airtel’s OneWeb has launched 36 internet satellites into orbit on Russian-built Soyuz rocket from the Vostochny Cosmodrome, in Russia.
      • The mission is being operated by French company Arianespace.
      • Total 648 satellites will be launched to provide internet services by OneWeb. Of these, 358 are now launched.
  3. Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) was held at the Annual Meetings 2021 in Washington D.C.
      • Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the plenary meeting.
      • The discussions at the meeting were centred on “vaccinate, calibrate and accelerate” which is the theme of the Managing Director’s Global Policy Agenda.

Reports & Indices

  1. Council on Energy, Environment and Water (CEEW) has released the ‘Implications of a Net-zero Target for India’s Sectoral Energy Transitions and Climate Policy’ report.
      • As per the report, India should increase its solar power capacity to 5630 gigawatt in order to become a net-zero emissions nation by 2070.
      • At present, India has 100 GW of installed renewable energy capacity, of which solar comprises 40 GW.
      • The usage of coal for power generation would need to peak by 2040 and drop by 99% between 2040 and 2060 to achieve net-zero target by 2070.
      • The consumption of crude oil across sectors would also need to peak by 2050 and fall substantially by 90% between 2050 and 2070.
      • In 2070, electric or battery-driven passenger vehicles would comprise 84% of total cars sold in the country. Around 79% of all trucks would run on battery-electric technology and rest on hydrogen.
      • CEEW CEO – Arunabha Ghosh

Banking & Economy

  1. SBM Bank has partnered with Vested Finance to allow Indian investors to invest in US market.
      • Vested Finance is a California-headquartered fintech that is registered investment adviser with the US Securities and Exchange Commission (SEC).
      • Investors open a free-of-cost, no-minimum-balance savings account with Vested Direct by using their SBM Bank funds.
      • Investors can put funds in Indian rupees in their SBM Bank accounts. The bank will convert the funds into US Dollars and transfer them to Vested Finance account.
      • RBI’s liberalised remittance scheme allows Indians to send up to $250,000 overseas.
  2. International Monetary Fund (IMF) has released its latest “Fiscal Monitor: Strengthening the Credibility of Public Finances” report.
      • Global debt has risen by $27 trillion to reach an unprecedented level of $226 trillion.
      • India’s total debt (including Centre and State govt) is expected to rise to a record 90.6% of GDP during 2021-22 against 89.6% in the previous year.
      • It will then moderate to 88.8% during FY23, but will remain over 85% during the next five years — till 2026-27.
      • IMF also projected India’s fiscal deficit, of both the Centre and the states, would moderate to 11.3% of GDP, from 12.8% in the previous year.
      • The deficit will remain above the pre-Covid levels in the next five years. It is likely to be at 7.8% in 2026-27.
      • The gap between the expenditure and revenues of the governments was at 7.4% during FY20.
Fiscal Monitor Report
  1. Asian Development Bank (ADB) has increased the amount of its 2019–2030 Climate Finance Ambition to $100 Billion.
      • ADB will use these funds to deliver climate financing to its developing member countries (DMCs).
      • The 2019–2030 Climate Finance Ambition was launched in 2018 with an outlay of $80 billions.
      • The addition $20 billion will be used in five dimensions:
        • Climate Mitigation
        • Climate Adaptation
        • Increase in climate finance in ADB’s private sector operations
        • For supporting green, resilient, and inclusive recovery from COVID-19
        • Capacity building of the DMCs to further on-lend to climate resilience and climate mitigation projects

Appointments

  1. Amish Mehta has been appointed as the new MD & CEO of rating agency Crisil.

Important Days

  1. Global Handwashing Day is observed from October 15.
      • Theme – Our Future Is At Hand
      • UNESCO has released the first of its kind “State of the World’s Hand Hygiene” report.
      • The report shows that investment in five key ‘accelerators’ – governance, financing, capacity development, data & information, and innovation – identified under the UN-Water SDG 6 Global Acceleration Framework – can be a pathway towards achieving hand hygiene for all.
      • Lifebuoy with Ministry of Education, India, has launched an alphabet book by Ruskin Bond under its “H for Handwashing” campaign.
  2. International Day of Rural Women is observed on October 15 by UN.
      • Theme – ” Rural women cultivating good food for all”
  3. World Students’ Day is observed on October 15 in honour of former Indian president APJ Abdul Kalam, who was born on the same day in 1931.
      • Theme – “Learning for people, planet, prosperity and peace”
      • A total of 22 teachers from various states have been selected for the Dr Kalam Memorial Teacher’s Award for promoting education in times of the COVID-19 pandemic.
      • The award is given by Dr Vikhe Patel Foundation and Dr APJ Abdul Kalam Centre.
      • On this day, ‘Dr APJ Abdul Kalam Prerana Sthal’ was inaugurated at Naval Science & Technological Laboratory, Visakhapatnam of DRDO.
  4. World Sight Day is observed on 2nd Thursday of October by International Agency for Prevention of Blindness.
      • Theme – Love Your Eyes

Awards

  1. Late Henrietta Lacks has won the WHO Director-General’s award, who died of cervical cancer, on 4 October, 1951.
      • Henrietta Lacks was an African-American woman.
      • Her cancer cells are the source of the HeLa cell line, the first immortalized human cell line and one of the most important cell lines in medical research.

Start Quiz of 16th and 17th October 2021

Q.1) How many winners will be chosen for the Women Transforming India Awards (WTI) 2021?
Q.2) Which of the following organization is not collaborating with the NITI Aayog for the Women Transforming India Awards (WTI) 2021?
Q.3) How many CPSEs were in excellent category in the performance review conducted by the Department of Public Enterprise for 144 Central Public Sector Enterprises for 2019-20?
Q.4) Which state has signed an MoU with IISc-incubated startup L2MRail, Society for Innovation and Development (SID), and IISc for enhancing rail safety, especially in risk-prone terrains?
Q.5) With which country has India signed an MoU for procuring Di-ammonium Phosphate (DAP) fertiliser?
Q.6) Where is the Vostochny Cosmodrome located?
Q.7) Which Indian American astronaut is leading the Crew-3 mission of NASA?
Q.8) How much solar capacity is needed in India to achieve the net-zero emission target by 2070, as per the Council on Energy, Environment and Water’s report?
Q.9) Which bank has partnered with Vested Finance to allow Indian investors to invest in US market?
Q.10) What is the new corpus of ADB’s 2019–2030 Climate Finance Ambition facility?
CEO of Anujjindal.in


About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

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