24th and 25th July, 2021 – Daily News

Topics covered – Science and Engineering Research Board , the 97th Constitutional amendment, first technology innovation hub , power islanding systems , Sela Tunnel , Bay of Biscay, AH-64 Apache helicopter , International Paralympic Committee , Agritech Challenge 2021 , Golden Rice, World’s First Clean Nuclear Reactor , Renewables Integration in India 2021, Melur Co-operative Urban Bank, Niva Bupa Health Insurance , IND Spring Board, “Airport in a Box” platform , TERA Finlabs, India’s forex reserves , HCL Technologies, World Brain Day , ICAR Awards 2020, “An Ordinary Life: Portrait of an Indian Generation” book , ‘Renegades: Born in the U.S.A.’ book, ‘Kashmir Ki Kyari Mein Aag Ki Lapte Aakhir Kab Tak?, Norovirus.

Bulletins

  1. Science and Engineering Research Board (SERB) of India has partnered with GE and Intel (both are based in US) separately to conduct fundamental research in the areas of the companies’ interest.
  2. Supreme Court has quashed certain provisions of the 97th Constitutional amendment related to functioning and effective management of co-operative societies.
  3. IIT-Kanpur has launched the first technology innovation hub to find cyber security solutions for anti-drones technologies, intrusion detection system, block-chain and cyber physical system.
  4. India is planning to develop power islanding systems in the wake of increasing digitalization of electricity grids across the world.
  5. An escape tunnel named as Sela Tunnel is being developed in Arunachal Pradesh.
  6. Indian Navy Ship Tabar has conducted a maritime partnership exercise with the French naval frigate FNS Aquitaine in the Bay of Biscay.
  7. Tata Boeing Aerospace Limited (TBAL), Tata Advanced System-Boeing joint venture in Hyderabad, has been producing aero-structures for the AH-64 Apache helicopter for both US Army and international customers.
  8. World Health Organization (WHO) and the International Paralympic Committee have signed an MoU to work together to foster diversity and equity in health and sport.
  9. United Nations Capital Development Fund (UNCDF) has launched the Agritech Challenge 2021 to help smallholder farmers across Asia and Africa.
  10. Philippines has become the first country in the world to approve the commercial production of genetically modified “Golden Rice”.
  11. China is developing World’s First Clean Nuclear Reactor (also known as World’s First Waterless Molten Salt Reactor) in its desert city Wuwei.
  12. NITI Aayog and International Energy Agency have released the “Renewables Integration in India 2021” report.
  13. RBI has allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five-year lock-in period expires.
  14. RBI has imposed a penalty of Rs 1 lakh on Melur Co-operative Urban Bank, Melur, Madurai, Tamil Nadu for contravention of certain provisions concerning board of directors.
  15. Max Bupa Health Insurance will be rebranded as Niva Bupa Health Insurance owing to a change in shareholding pattern.
  16. Chennai-headquartered Indian Bank has signed an agreement with IIT Guwahati Technology Incubation Centre (TIC) for financing start-ups under “IND Spring Board” initiative of the bank.
  17. IBM Corp. and Bangalore International Airport Ltd (BIAL), the operator of the Kempegowda International Airport, have signed a 10-year partnership deal to provide IT solutions to create a new “Airport in a Box” platform to transform travel experience for passengers.
  18. Razorpay (business payments and financial services startup located in Gurgaon) has acquired artificial intelligence (AI)-based risk analysis platform TERA Finlabs.
  19. India’s forex reserves has touched a record high of $612.73 billion due to increase in the foreign currency assets.
  20. C Vijayakumar is the MD and CEO of HCL Technologies.
  21. World Brain Day is observed on July 22.
  22. Indian Council of Agricultural Research (ICAR) has distributed ICAR Awards 2020.
  23. “An Ordinary Life: Portrait of an Indian Generation” book has been written by former Election Commissioner of India Ashok Lavasa.
  24. Barack Obama and Bruce Springsteen have co-authored ‘Renegades: Born in the U.S.A.’ book.
  25. Maharashtra Governor Bhagat Singh Koshyari has released ‘Kashmir Ki Kyari Mein Aag Ki Lapte Aakhir Kab Tak?’ — penned by Kashmiri writer and social worker Beena Budki.
  26. United Kingdom has reported 154 cases of Norovirus.

Table of Content

National News

  1. Science and Engineering Research Board (SERB) of India has partnered with GE and Intel (both are based in US) separately to conduct fundamental research in the areas of the companies’ interest.
      • The collaboration is under SERB’s initiative called Fund for Industry Research Engagement (FIRE).
      • GE and SERB will contribute up to ₹20 crore each for research in three broad areas of interest to GE—clean energy, affordable healthcare and clean aviation.
      • Both organizations will soon find out research problems under each of these heads and make a call for proposals from researchers for “crowd-sourcing ideas”.
      • Fundamental research would be done by scientists and academicians, while the company—in this case, GE—would do program management.
  2. Supreme Court has quashed certain provisions of the 97th Constitutional amendment related to functioning and effective management of co-operative societies.
      • Part IXB of the Constitution, which dealt with functioning and incorporation of multi-state co-operative societies, will be operative.
      • The 97th constitutional amendment, which dealt with issues related to effective management of co-operative societies in the country was passed by Parliament in December 2011 and had come into effect from February 15, 2012.
      • The 97th constitutional amendment has amended Article 19(1)(c) to give protection to the cooperatives and inserted Article 43 B and Part IX B, relating to them.
      • While Article 19(1)(c) guarantees freedom to form association or unions or cooperative societies subject to certain restrictions.
      • Article 43 B says that states shall endeavour to promote voluntary formation, autonomous functioning, democratic control and professional management of cooperative societies.
      • The Part IXB deals with incorporation, terms of members of board and its office bearers and effective management of cooperative societies.
  3. Reason for Quashing:

      • The 97th amendment required assent of one-half of the states, which it failed to obtain. Thus, it was struck down.
  4. IIT-Kanpur has launched the first technology innovation hub to find cyber security solutions for anti-drones technologies, intrusion detection system, block-chain and cyber physical system.
      • IIT Kanpur’s C3i hub will focus on safeguarding cyberspace including critical infrastructure.
      • The start-ups, supported by C3iHub at IIT Kanpur, will innovate to disrupt the cyber security space, focusing on design and development of services and products to safeguard India’s critical infrastructure.
  5. India is planning to develop power islanding systems in the wake of increasing digitalization of electricity grids across the world.
      • Under the power islanding systems, small power islands containing rooftop solar panel, battery, and micro-grid will be built on critical infrastructural buildings like hospitals, govt offices, malls, railways, defence units, etc.
      • Here, island does not refer to an island in literal sense. Instead, here islanding means creating a complete smart micro-electricity grids on top of the key infrastructural buildings to prevent power outages from cyber-attacks.
      • Last year, in Mumbai, there was a cyber-attack on the city’s electricity grid.
      • Bengaluru and Jamnagar cities (which have largest oil refineries in India) have been selected as a part of this system.

State News

  1. An escape tunnel named as Sela Tunnel is being developed in Arunachal Pradesh.
      • The tunnel connects Tawang in Arunachal Pradesh with Ballipura in Chhattisgarh and Charduar in Assam.
      • The tunnel is being developed by Border Roads Organization under Project Vartak.
      • New Austrian Tunneling Method (NATM) is used in this tunnel.
      • Sela Tunnel to be world’s longest bi-lane road tunnel at an altitude above 13,000 feet
Sela Tunnel

Defence News

  1. Indian Navy Ship Tabar has conducted a maritime partnership exercise with the French naval frigate FNS Aquitaine in the Bay of Biscay.
      • Before the exercise, the INS Tabar completed its port visit to Brest in France.
      • Bay of Biscay is located between France and Spain.
maritime partnership exercise
  1. Tata Boeing Aerospace Limited (TBAL), Tata Advanced System-Boeing joint venture in Hyderabad, has been producing aero-structures for the AH-64 Apache helicopter for both US Army and international customers.
      • Recently, it delivered the 100th fuselage for the AH-64 Apache helicopter to Boeing.

Memorandum of Understanding

  1. World Health Organization (WHO) and the International Paralympic Committee have signed an MoU to work together to foster diversity and equity in health and sport.
      • International Paralympic Committee HQ – Bonn, Germany

International News

  1. United Nations Capital Development Fund (UNCDF) has launched the Agritech Challenge 2021 to help smallholder farmers across Asia and Africa.
      • The UNCDF partnered with Atal Innovation Mission – NITI Aayog, Bill & Melinda Gates Foundation, Rabo Foundation (HQ in Netherlands), International Fund for Agricultural Development (IFAD) and Bayer for this challenge.
      • Purpose – to scale up agri-tech and agri-fintech innovators in the selected countries.
      • Seven countries have been selected for this challenge:
        • Asia – India, Indonesia, Malaysia
        • Africa – Kenya, Malawi, Uganda, Zambia
      • 20 startups will be selected for finding solutions for the problems of low productivity, climate risk, and insufficient supply chains.
      • The participants will get access to industry and market linkages, investors and mentorship to help them expand to their chosen international market.
  2. Philippines has become the first country in the world to approve the commercial production of genetically modified “Golden Rice”.
      • Benefits of the Golden Rice – Ordinary rice contains beta-carotene in their plants, but this is not found in the grain itself. Golden Rice has been developed to contain the beta-carotene.
      • The human body converts Beta Carotene into Vitamin A, which is crucial for eye-sight.
      • Philippines has developed the Golden Rice to tackle the problem of childhood blindness in the country.
      • Department of Agriculture-Philippines and International Rice Research Institute (IRRI) have developed this rice together.
      • The Beta Carotene gives a bright yellow colour to the rice, therefore, it is named as Golden Rice.
Philippines Golden Rice
  1. China is developing World’s First Clean Nuclear Reactor (also known as World’s First Waterless Molten Salt Reactor) in its desert city Wuwei.
      • It will use thorium in place of uranium to generate electricity. It is eco-friendly because it does not use water for cooling instead it cools down from air itself.
      • Thorium is ubiquitous, in comparison to uranium.
      • Molten Salt (a mixture of thorium and liquid fluoride salt which is used to run the nuclear reactor) solidifies quickly when it comes in contact with air. Therefore, the chances of leakage are less in comparison to traditional reactors.
      • India is estimated to have 300,000 to 850,000 tonnes of thorium – quite probably the world’s largest reserves. But, India does not have the technology to use thorium in nuclear reactors.

Reports & Indices

  1. NITI Aayog and International Energy Agency have released the “Renewables Integration in India 2021” report.
      • This report contains state specific suggestions for improving the adoption of renewable energy in India.

Banking & Economy

  1. RBI has allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five-year lock-in period expires.
      • IDFC currently owns a 100% stake in IDFC Financial Holding Co., which, in turn, holds 100% in IDFC Asset Management and 36.56% in IDFC First Bank.
  2. RBI has imposed a penalty of Rs 1 lakh on Melur Co-operative Urban Bank, Melur, Madurai, Tamil Nadu for contravention of certain provisions concerning board of directors.
  3. Max Bupa Health Insurance will be rebranded as Niva Bupa Health Insurance owing to a change in shareholding pattern.
      • Magma Fincorp Limited (NBFC) has been renamed as Poonawalla Fincorp Limited, following the acquisition of controlling stake by Adar Poonawalla led Rising Sun Holdings Private Limited.
      • Adar Poonawalla became the chairman of Magma Fincorp and Vijay Deswal was appointed as the CEO.
  4. Chennai-headquartered Indian Bank has signed an agreement with IIT Guwahati Technology Incubation Centre (TIC) for financing start-ups under “IND Spring Board” initiative of the bank.
      • Indian Bank’s ‘Ind Spring Board” scheme aims to provide loans of up to Rs 50 crores to start-ups as working capital, along with fund-based term loan requirements for acquiring fixed assets.
      • The IIT-TIC will encourage youth to take advantage of this initiative.
      • The bank has already tied up with IIT-Madras, IISc-Bengaluru and Chennai Angels for identifying the eligible start-ups for finance under this scheme.
  5. IBM Corp. and Bangalore International Airport Ltd (BIAL), the operator of the Kempegowda International Airport, have signed a 10-year partnership deal to provide IT solutions to create a new “Airport in a Boxplatform to transform travel experience for passengers.
      • Under the partnership, IBM and Kyndryl (a sub-entity of IBM) will develop the cutting-edge technology for the BIAL.
  6. Razorpay (business payments and financial services startup located in Gurgaon) has acquired artificial intelligence (AI)-based risk analysis platform TERA Finlabs.
      • It is the third acquisition of Razorpay since inception.
  7. India’s forex reserves has touched a record high of $612.73 billion due to increase in the foreign currency assets.
      • Components of Foreign exchange – foreign currency assets, gold reserves, special drawing rights, and the country’s reserve position with the IMF.
      • Now, India is at the 4th position in the world in terms of foreign exchange reserves. China, Japan, and Switzerland have the highest reserves respectively.

Appointments

  1. C Vijayakumar is the MD and CEO of HCL Technologies.

Important Days

  1. World Brain Day is observed on July 22.
      • Theme – Stop Multiple Sclerosis
      • Multiple Sclerosis is a disease in which the immune system eats away at the protective covering of nerves.

Awards

  1. Indian Council of Agricultural Research (ICAR) has distributed ICAR Awards 2020.
      • Dr. Kajal Chakraborty from ICAR- Central Marine Fisheries Research Institute (CMFRI), Kochi has been conferred ICAR Norman Borlaug Award 2020. It is under the National Award for Excellence in Agricultural Research category.
      • Dr Thanuku Samuel SK Patro from Agricultural Research Station Vizianagaram, Andhra Pradesh won Fakhruddin Ali Ahmed Award for Outstanding Research in Tribal Farming Systems 2020.
Name of the Award Categories Name of the Awards
National Award of Excellence for Agricultural Institutions Sardar Patel Outstanding ICAR Institution Award 2020 Chaudhary Devi Lal Outstanding All India Coordinated Research Project Award 2020 Pandit Deendayal Upadhyay Krishi Vigyan Protshahan Puraskar 2020
National Award for Excellence in Agricultural Research ICAR Norman Borlaug Award 2020 Rafi Ahmed Kidwai Award for Outstanding Research in Agricultural Sciences 2020 Lal Bahadur Shastri Outstanding Young Scientist Award 2020 Panjabrao Deshmukh Outstanding Women Scientist Award 2020 Jawaharlal Nehru Award for P.G. Outstanding Doctoral Thesis Research in Agricultural and Allied Sciences 2020
National Award for Application of Agricultural Technologies Nanaji Deshmukh ICAR Award for Outstanding Interdisciplinary Team Research in Agricultural and Allied Sciences 2020 Fakhruddin Ali Ahmed Award for Outstanding Research in Tribal Farming Systems 2020 Swami Sahajanand Saraswati Outstanding Extension Scientist Award 2020 Vasant Rao Naik Award for Research Application in Dryland Farming System 2020
National Award for Innovations and Technology Development by Farmers Jagjivan Ram Abhinav Kisan Puraskar/ Jagjivan Ram Innovative Farmer Award 2020 N.G. Ranga Farmer Award for Diversified Agriculture 2020 Haldhar Organic Farmer Award 2020 Pandit Deendayal Upadhyay Antyoday Krishi Puraskar 2020

Miscellaneous

  1. “An Ordinary Life: Portrait of an Indian Generation” book has been written by former Election Commissioner of India Ashok Lavasa.
  2. Barack Obama and Bruce Springsteen have co-authored ‘Renegades: Born in the U.S.A.’ book.
      • Bruce Springsteen is an American singer, songwriter, and musician.
      • Lately, Renegades podcasts on Spotify got popularized a lot.
  3. Maharashtra Governor Bhagat Singh Koshyari has released ‘Kashmir Ki Kyari Mein Aag Ki Lapte Aakhir Kab Tak?’ — penned by Kashmiri writer and social worker Beena Budki.
  4. United Kingdom has reported 154 cases of Norovirus.

Start Quiz of 24th and 25th July 2021

Q.1) With which company has Science and Engineering Research Board (SERB) partnered for finding solutions for clean energy, affordable healthcare, and clean aviation under the Fund for Industry Research Engagement (FIRE) initiative?
Q.2) Which of the following article was inserted into the Constitution of India through the 97th Constitutional Amendment?
Q.3) Which IIT has launched the first technology innovation hub to find cyber security solutions for anti-drone technologies, intrusion detection system, block-chain and cyber physical system?
Q.4) Which of the following cities have been selected for the power islanding system of India?
Q.5) How many countries are a part of UNCDF’s Agritech Challenge 2021?
Q.6) Which has become the first country in the world to approve the commercial production of genetically modified “Golden Rice”?
Q.7) Which country is developing World’s First Waterless Molten Salt Reactor?
Q.8) Where is the Sela Tunnel located?
Q.9) Between which two countries does the Bay of Biscay lie?
Q.10) Who is the author of “An Ordinary Life: Portrait of an Indian Generation” book?
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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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