29th April, 2021 – Daily News

Topics covered – Integrated Solar Dryer and Pyrolysis plant, Varuna exercise, Bank of America’s report, CII’s report on air pollution, US watchlist of currency manipulators, FSS (Financial Software and Systems) and NPCI International Payments Ltd’s partnership, Mastercard Impact Fund, World Day for Safety and Health at Work, WILD Innovator Award. 

Bulletins

  1. The foundation stone of the Integrated Solar Dryer and Pyrolysis plant was laid at the CSIR- Central Leather Research Institute (CLRI), Chennai on the occasion of 74th foundation day of CLRI on 23rd April 2021.

  2. India and French Navies conducted the 19th edition of Varuna exercise in the western Arabian Sea.

  3. According to a report by Bank of America (BoFA), India would need $401 billion capital expenditure between 2015 to 2030 to control pollution as specified under the Paris Agreement.

  4. According to a study by CII, Clean Air Fund, and Dalberg, air pollution costs Indian businesses $95 billion every year, or 3% of the country’s Gross Domestic Product.

  5. US treasury department has placed India on a watchlist of currency manipulators.

  6. Central government has infused Rs 200 crore capital in state-owned IFCI Ltd to improve its financial health.

  7. FSS (Financial Software and Systems) and NPCI International Payments Ltd (NIPL) have signed a strategic partnership to expand UPI rails in international markets.

  8. Mastercard has announced a commitment of USD 10 million to the Mastercard Impact Fund to address the COVID-19 crisis in India.

  9. According to the India Ratings and Research, the cost of vaccinating India’s entire population above 18 years is 0.36% of GDP.

  10. World Day for Safety and Health at Work is observed on April 28 annually.

  11. Dr Krithi K Karanth (Chief Conservation Scientist at Bengaluru-based Centre for Wildlife Studies) has been chosen as the first Indian and Asian woman for the 2021 ‘WILD Innovator Award’.

  12. Manoj Das (Indian author) has passed away.

Table of Content

National News

  1. The foundation stone of the Integrated Solar Dryer and Pyrolysis plant was laid at the CSIR- Central Leather Research Institute (CLRI), Chennai on the occasion of 74th foundation day of CLRI on 23rd April 2021.
      • The pilot is part of the Indo-German project ‘Pyrasol’ launched to transform urban organic waste into biochar and energy in smart cities.
      • It was awarded to CSIR-CLRI by the Indo-German Science & Technology Centre.
      • The project will process Fibrous Organic Waste and Sewage Sludge of Indian smart cities into hygienic and highly valuable biochar associated with energy recovery, carbon sequestration and environmental improvement.

Defence News

  1. India and French Navies conducted the 19th edition of Varuna exercise in the western Arabian Sea.
      • French Navy aircraft carrier, Charles de Gaulle participated in the exercise.
      • Indo-French naval cooperation started in 1983.
      • Earlier this month, the Indian Navy took part for the first time in the France-led naval exercise “La Pérouse” with the navies of the US, Australia and Japan.
      • Japan has announced to hold a joint military drill with U.S. and French troops in the country’s southwest in May.
      • This exercise will be the first large-scale exercise in Japan involving ground troops from all three countries.
Varuna exercise 2021 in Arabian Sea

Source: AffairsCloud

Reports And Indices

  1. According to a report by Bank of America (BoFA), India would need $401 billion capital expenditure between 2015 to 2030 to control pollution as specified under the Paris Agreement.
      • This could lead to over 106 GW in energy savings, and 1.1 billion tonne per annum reduction in Co2 and impacting 99 stocks with a market capitalisation of USD 1.4 trillion.
      • In total, BoFA has identified nine themes for India to control pollution. This includes ethanol blending and green hydrogen.

Banking & Economy

  1. According to a study by CII, Clean Air Fund, and Dalberg, air pollution costs Indian businesses $95 billion every year, or 3% of the country’s Gross Domestic Product.
      • Air pollution cuts annual consumer spending by $22 billion.
      • If New Delhi fails to clean its toxic air, the IT sector could lose more than $2.5 every year.
      • New Delhi is the world’s most polluted capital, and India is home to 35 of the world’s 50 most polluted cities.
  2. US treasury department has placed India on a watchlist of currency manipulators.
      • Reasons – central bank’s dollar purchase (which is at 5% of India’s GDP) that exceeded the 2% threshold, and India’s large trade surplus with the US.
      • Criteria – The US puts a trading partner on the watchlist if that country had intervened in the currency market by higher levels than 2% of its GDP over a 12-month period, and had a current account surplus of 2% of GDP and a trade surplus with the US.
      • Other countries – This recent list also includes China, Japan, Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand and Mexico. All except Ireland and Mexico were covered in the December 2020 report as well.
      • This is the second time since the start of the pandemic that India has figured on the list. However, RBI has announced to continue its intervention to avoid any undue volatility in the currency market.
  3. Central government has infused Rs 200 crore capital in state-owned IFCI Ltd to improve its financial health.
      • Now, the govt holds 63.8% stake in IFCI (The Industrial Finance Corporation of India).
      • The capital infusion was announced in the Union Budget 2021-22.
  4. FSS (Financial Software and Systems) and NPCI International Payments Ltd (NIPL) have signed a strategic partnership to expand UPI rails in international markets.
      • FSS is a globally leading provider of integrated payment products and India’s largest payments processor.
      • India is among the first countries globally to launch real-time payments rails, processing close to three billion transactions a month on the UPI network.
  5. Mastercard has announced a commitment of USD 10 million to the Mastercard Impact Fund to address the COVID-19 crisis in India.
      • This fund will focus on three priority areas – access to hospital resources, access to additional oxygen supplies, and continued support to its employees across the country.
      • Google has also announced Rs 135 crores to help India. Google will send Rs 20 crores from Google.org to GiveIndia and UNICEF to help India.
      • Google is already running “Employee Giving Campaign” to help marginalized communities.
  6. According to the India Ratings and Research, the cost of vaccinating India’s entire population above 18 years is 0.36% of GDP.

Important Days

  1. World Day for Safety and Health at Work is observed on April 28 annually.
      • Theme – ‘Anticipate, prepare and respond to crises and invest now in resilient OHS systems’.
      • International Labour Organization has released a report titled “Anticipate, prepare and respond to crises. Invest now in resilient OSH systems”.
On 28 April World Day for Safety & Health at Work

Awards

  1. Dr Krithi K Karanth (Chief Conservation Scientist at Bengaluru-based Centre for Wildlife Studies) has been chosen as the first Indian and Asian woman for the 2021 ‘WILD Innovator Award’.
      • This award is given by the ‘WILD ELEMENTS Foundation’.
Dr Krithi K Karanth chosen for the  2021 'WILD Innovator Award'

Source: AffairsCloud

Miscellaneous

  1. Manoj Das (Indian author) has passed away.

Start Quiz of 29th April 2021

Q.1) Which IIT has created India’s first 3D printed house?
Q.2) How much is India’s target for the Indian chemicals industry by 2025?
Q.3) Which edition of Varuna exercise was conducted by India and France in 2021?
Q.4) Which country does Tianhe space station module belong to?
Q.5) What is the corpus of Mastercard Impact Fund launched by Mastercard to address the COVID-19 crisis in India?
Q.6) Who has been designated as the Finance Secretary?
Q.7) When is the World Day for Safety and Health at Work observed?
Q.8) Who has been chosen as the first Indian and Asian woman for the 2021 'WILD Innovator Award'?
Q.9) Which of the following Indian company has entered TIME’s 100 Most Influential Companies 2021 list?
Q.10) With which field is Manoj Das related to?
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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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