30th and 31st May, 2021 – Daily News

Topics covered – Committee for Reforms in Criminal Laws, India’s first privately developed hall-effect thruster, mid-day-meal scheme, FakeBuster tool, Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organisation schemes, Professor Jayashankar Telangana State Agricultural University, Nano Urea Liquid, world’s first satellite-based monitoring system for coral reefs, “first of its kind” crypto lending model in India, Canara Bank’s three loan schemes for Covid-19, International Day of UN Peacekeepers.

Bulletins

  1. Committee for Reforms in Criminal Laws (formed by Ministry of Home Affairs), chaired by Srikrishna Deva Rao (Vice-Chancellor of National Law University), will suggest a separate section in IPC on hate speeches.

  2. Bellatrix Aerospace (Space technology startup) has successfully tested India’s first privately developed hall-effect thruster, an electric propulsion engine for micro satellites weighing 50-500 kg.

  3. Union Ministry for Education has approved to provide monetary assistance to the students under the mid-day-meal scheme through Direct Benefit Transfer (DBT).

  4. IIT-Ropar (Punjab), along with Australia based Monash University, has developed a unique detector named ‘FakeBuster’ to detect imposters attending a virtual conference without anybody’s knowledge.

  5. Ministry of Labour and Employment has announced additional benefits for workers under Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organisation (EPFO) schemes for the dependents of workers who passed away due to Covid-19.

  6. Professor Jayashankar Telangana State Agricultural University (PJTSAU) has signed an MoU with Wadhwani Institute for Artificial Learning, Mumbai, for providing AI-based interventions to farmers in the state.

  7. Indian Farmers Fertiliser Cooperative Limited (IFFCO) has launched the Nano Urea Liquid, a nutrient to provide nitrogen to plants as an alternative to the conventional urea.

  8. Defence Secretary Dr Ajay Kumar launched Directorate General National Cadet Corps (NCC) Mobile Training App Version 2.0 for the training of NCC corps.

  9. Indian Navy has installed a medical ICU (MICU) on Advanced Light Helicopter (ALH) at INS Hansa to boost its capacity to evacuate critical patients even in unfavourable weather conditions.

  10. International Astronomical Union (IAU) has approved eight Chinese names for features around the area on the Moon where China’s spacecraft Chang’e-5 probe landed last year to collect samples from the lunar surface and return to Earth.

  11. The team of scientists – at Arizona State University, the University of Queensland, National Geographic Society, satellite company Planet, and Vulcan – has developed world’s first satellite-based monitoring system for coral reefs.

  12. ZebPay (one of the oldest crypto companies in India) has launched a new lending platform for crypto asset exchange.

  13. Canara Bank has launched three loan schemes for Covid-19.

  14. RBI has imposed a monetary penalty of Rs 10 crore on the HDFC Bank for marketing / sale of third party non-financial products in contravention of certain provisions of the Banking Regulation Act, 1949.

  15. Public Sector Banks (PSBs) have announced to provide unsecured loans of up to ₹5 lakh to individuals to meet their and family members’ COVID-19 treatment cost.

  16. International Day of UN Peacekeepers is observed on May 29.

  17. World Digestive Health Day is observed on May 29.

  18. International Everest Day is observed on May 29.

  19. Poul Schlüter (Former Prime Minister of Denmark) has passed away.

  20. Tarannum Riyaz (author and newsreader of AIR) passed away.

  21. ‘Savarkar: A contested Legacy (1924-1966)’ book has been authored by Vikram Sampath.

  22. Stargazing: The Players in My Life’ book has been written by Ravi Shastri.

Table of Content

National News

  1. Committee for Reforms in Criminal Laws (formed by Ministry of Home Affairs), chaired by Srikrishna Deva Rao (Vice-Chancellor of National Law University), will suggest a separate section in IPC on hate speeches.
      • The committee was formed in 2020 to reform the Indian Penal Code, 1860.
      • In 2018, the Home Ministry had constituted T.K. Viswanathan committee to provide recommendations for online “hate speech”.
      • The committee was formed after the SC struck down the Section 66A of the Information Technology Act, 2000, that provided punishment for sending offensive messages through online mode in 2015.
  2. Bellatrix Aerospace (Space technology startup) has successfully tested India’s first privately developed hall-effect thruster, an electric propulsion engine for micro satellites weighing 50-500 kg.
      • Bellatrix is an IISc-incubated startup.
      • Rohan M Ganapathy is the Founder and CEO of Bellatrix.
      • Bellatrix has earlier developed the World’s First Commercial Microwave Plasma Thruster, which used water as fuel.
  3. Union Ministry for Education has approved to provide monetary assistance to the students under the mid-day-meal scheme through Direct Benefit Transfer (DBT).
      • The assistance is in addition to distribution of free-of-cost food grains at 5 kg per person per month to nearly 80 crore beneficiaries under Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY).
      • Additional funds of about Rs 1200 crore will be provided to state governments and UT administrations for this purpose.
      • This one-time special welfare measure of the union government will benefit about 11.8 crore (118 million students) children studying in class 1 to 8 in the 11.20 lakh government and government aided schools across the country.
  4. IIT-Ropar (Punjab), along with Australia based Monash University, has developed a unique detector named ‘FakeBuster’ to detect imposters attending a virtual conference without anybody’s knowledge.
      • The detector can also find out faces manipulated on social media to defame or make joke of someone.
  5. Ministry of Labour and Employment has announced additional benefits for workers under Employees’ State Insurance Corporation (ESIC) and Employees’ Provident Fund Organisation (EPFO) schemes for the dependents of workers who passed away due to Covid-19.
      • Benefits – dependents (spous / widowed mother / children) will get lifelong pension of up to 90% of the daily wage of the deceased. Children will get pension till 25 years of age, in case of daughters, the pension will be till their marriage.
      • For availing these benefits, the person should be registered on ESIC online portal three months before getting diagnosed of COVID-19, resulting in death.
      • S/He must have been employed for wages and contributions for a minimum of 78 days.
      • The maximum sum assured under the group insurance scheme Employees’ Deposit Linked Insurance Scheme (EDLI), run by EPFO, has been increased to Rs 7 lakh from Rs 6 lakh.

State News

  1. Professor Jayashankar Telangana State Agricultural University (PJTSAU) has signed an MoU with Wadhwani Institute for Artificial Learning, Mumbai, for providing AI-based interventions to farmers in the state.
      • Purpose – to empower farmers with advance information about the possible pink bollworm infestation in cotton fields so that they could take preventive and control measures.

Agriculture & Rural Development

  1. Indian Farmers Fertiliser Cooperative Limited (IFFCO) has launched the Nano Urea Liquid, a nutrient to provide nitrogen to plants as an alternative to the conventional urea.
      • It is the World’s 1st Nano Urea Liquid.
Nano Urea Liquid

Defence News

  1. Defence Secretary Dr Ajay Kumar launched Directorate General National Cadet Corps (NCC) Mobile Training App Version 2.0 for the training of NCC corps.

  2. Indian Navy has installed a medical ICU (MICU) on Advanced Light Helicopter (ALH) at INS Hansa to boost its capacity to evacuate critical patients even in unfavourable weather conditions.
MICU on Advanced Light Helicopter

International News

  1. International Astronomical Union (IAU) has approved eight Chinese names for features around the area on the Moon where China’s spacecraft Chang’e-5 probe landed last year to collect samples from the lunar surface and return to Earth.
      • The names are Mons Hua, Mons Heng, Pei Xiu, Shen Kuo, Liu Hui, Song Yingxing, Statio Tianchuan, and Xu Guanqui.
      • The IAU Working Group for Planetary System Nomenclature has approved these names.
  2. The team of scientists – at Arizona State University, the University of Queensland, National Geographic Society, satellite company Planet, and Vulcan – has developed world’s first satellite-based monitoring system for coral reefs.
      • The system will address the issue of coral reef bleaching worldwide.

Banking & Economy

  1. ZebPay (one of the oldest crypto companies in India) has launched a new lending platform for crypto asset exchange.
      • This is the “first of its kind” crypto lending model in India and will allow users to lend their cryptocurrency to ZebPay and earn interest on the same.
      • The returns will depend on the value of the cryptocurrency during a particular period, and how long it’s loaned for.
      • Currently, the lending feature will only support Bitcoin, Ethereum, Tether, and Dai tokens.
  2. Canara Bank has launched three loan schemes for Covid-19.
      • Earlier this month, RBI announced a Rs 50,000-crore special window to banks to lend to vaccine makers, hospitals and COVID-related health infrastructure.
• 1st - Canara Chikitsa healthcare credit facility:
○ It will offer loans from over Rs 10 lakh to Rs 50 crore to registered hospitals, nursing homes, medical practitioners, diagnostic centres, pathology labs and all other units engaged in the servicing healthcare infrastructure.
○ The loan to be offered at a concessional rate of interest will have tenor of 10 years with moratorium up to 18 months.
• 2nd - Canara Jeevanrekha healthcare business loan:
○ It will offer loan up to Rs 2 crore at a concessional interest rate for manufacture and supply of healthcare products such as medical oxygen and oxygen cylinders and oxygen concentrators to registered hospitals and nursing homes or other manufacturers and suppliers.
○ No processing fee for this loan.
○ No collateral security for MSME.
○ For non-MSME, 25% of collateral security is required.
○ The bank will cover MSME loans under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and the bank will bear the guarantee premium
○ CGTMSE is meant to provide financial assistance to such kinds of industries without any third party guarantee or collateral.
○ Canara Chikitsa and Canara Jeevanrekha loan schemes will be valid till March 31, 2022.
• 3rd - Canara Suraksha personal loan scheme:
○ It will offer loan from Rs 25,000 - Rs 5 lakh as immediate financial assistance to customers for COVID-19 treatment during admission or post discharge.
○ The scheme will offer moratorium of six months.
○ Coming at a nil processing fee, the scheme will be valid till September 30, 2021.
  1. RBI has imposed a monetary penalty of Rs 10 crore on the HDFC Bank for marketing / sale of third party non-financial products in contravention of certain provisions of the Banking Regulation Act, 1949.

  2. Public Sector Banks (PSBs) have announced to provide unsecured loans of up to ₹5 lakh to individuals to meet their and family members’ COVID-19 treatment cost.
      • As per these announcements made by Indian Banks’ Association (IBA) and State Bank of India (SBI), individuals including salaried, non-salaried and pensioners can avail unsecured personal loans from ₹ 25,000 to ₹ 5 lakh to meet COVID-19 treatment.
      • The repayment tenure is 5 years and SBI would charge interest of 8.5% per annum. Other banks are free to decide their interest rate.
      • The PSBs have also offered to provide upto ₹2 crore as healthcare business loan to existing hospitals, nursing homes for setting up oxygen plants along with power back up system under the ECGLS.
      • The interest rate is 7.5% on these loans which are backed by 100% guarantee cover of National Credit Guarantee Trustee Company Ltd (NCGTC) under ECLGS 4.0. The loan tenure is 5 years.

    Important Days

    1. International Day of UN Peacekeepers is observed on May 29.
        • Theme – “The road to a lasting peace: Leveraging the power of youth for peace and security.”
        • From India, Yuvraj Sing, Ivan Michael Picardo, Mulchand Yadav have received the Dag Hammarskjöld Medal from UN in recognition of their peacekeeping services.
    2. World Digestive Health Day is observed on May 29.
        • Theme – Obesity: An Ongoing Pandemic
    3. International Everest Day is observed on May 29.
    International Everest Day

    Miscellaneous

    1. Poul Schlüter (Former Prime Minister of Denmark) has passed away.

    2. Tarannum Riyaz (author and newsreader of AIR) passed away.

    3. ‘Savarkar: A contested Legacy (1924-1966)’ book has been authored by Vikram Sampath.

    4. ‘Stargazing: The Players in My Life’ book has been written by Ravi Shastri.

    Start Quiz of 30th and 31st May 2021

    Q.) Who has won the International Dublin Literary Award 2021 for 'Lost Children Archive' novel?
     Q.2) Which IIT has developed the unique detector named ‘FakeBuster’, along with Australia based Monash University, to detect imposters attending a virtual conference without anybody’s knowledge?
    Q.3) Which of the following organizations collaborated to develop world’s first satellite-based monitoring system for coral reefs?
    Q.4) Which company has developed “first of its kind” crypto lending model in India?
    Q.5) When is the International Day of UN Peacekeepers observed?
    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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