31st August, 2021 – Daily News

Topics covered – India’s first green hydrogen electrolyser manufacturing unit, Drone Rules 2021, e-Source to tackle e-waste, Mission SAGAR, Jungle Tea Toy-Train Safari, Rajiv Gandhi Kisan Nyay Yojana, Shared Destiny-2021 exercise, United Nations Security Council, India’s turning point: How climate action can drive our economic future report, Desertification and Land Degradation Atlas of India report, directions on compensation of private banks’ top officials, Stop TB Partnership Board

Bulletins

  1. India’s first green hydrogen electrolyser manufacturing unit has been established at Bengaluru, Karnataka.
  2. Ministry of Civil Aviation has released Drone Rules 2021 by replacing the Unmanned Aircraft System Rules, 2021.
  3. IIT Madras is developing an online platform called e-Source to tackle e-waste.
  4. As part of the ongoing Mission SAGAR, INS Airavat arrived at Ho Chi Minh City Port in Vietnam with Covid relief material.
  5. IIT Roorkee, in a joint venture with National Disaster Management Authority (NDMA), has built an app that can predict natural disasters.
  6. Indian Railways has launched a regular Jungle Tea Toy-Train Safari from Siliguri junction to Rongtong station in West Bengal in a bid to provide a boost to the COVID-hit tourism sector.
  7. Odisha’s Kendrapara district has become the only district in India where all three species of crocodiles – salt-water, gharial and mugger – are found.
  8. Chhattisgarh has announced the financial assistance of Rs 9,000 per acre for farmers under the Rajiv Gandhi Kisan Nyay Yojana during the ongoing kharif season, if the crops get destroyed due to drought-like conditions.
  9. India and Germany navies conduct a bilateral maritime exercise in the Gulf of Aden near Yemen.
  10. China’s People’s Liberation Army is conducting “Shared Destiny-2021”, a multinational peacekeeping army exercise, at PLA’s training base in Henan’s Queshan county from September 6 to 15.
  11. INS Tabar participated in the bilateral maritime exercise with Morocco, off the port of Casablanca.
  12. Association of Renewable Energy of States (AREAS) has signed MoU with three institutions – National Institute of Solar Energy, National Institute of Wind Energy and Sardar Swaran Singh National Institute of Bio Energy.
  13. United Nations Security Council, under the Presidency of India, adopted a resolution on the situation in Afghanistan.
  14. Deloitte Economics Institute has released the “India’s turning point: How climate action can drive our economic future” report.
  15. ISRO has released the Desertification and Land Degradation Atlas of India.
  16. Max Life Insurance Company, in partnership with Billdesk, has launched digital process for premium payments for its customers.
  17. PayU has announced to acquire India’s earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion.
  18. RBI has released the directions on compensation of private banks’ top officials.
  19. Leander Paes has joined Sporjo, an online sports education company, as a Strategic Advisor and Ambassador.
  20. Union Minister for Health and Family Welfare Shri Mansukh Mandaviya took over charge as the Chairperson of Stop TB Partnership Board.

Table of Content

National News

  1. India’s first green hydrogen electrolyser manufacturing unit has been established at Bengaluru, Karnataka.
      • The unit was established by US-based renewable energy company Ohmium International, through its Indian subsidiary.
      • Electrolysis is the process used to split water into oxygen and hydrogen to produce hydrogen. If the electrolysis is done by using renewable energy sources, then the obtained hydrogen is called green hydrogen.
      • An electrolyser is the system in which electrolysis is done.
      • According to industry data, the world is currently producing around 70 million metric tonne of hydrogen (blue), out of which 6 MT is coming from India.
  2. Ministry of Civil Aviation has released Drone Rules 2021 by replacing the Unmanned Aircraft System Rules, 2021.
      • The total number of forms to be filled for acquiring the license to operate drones has been reduced to five from 25. In addition, fees have also been reduced.
      • Quantum of fee reduced to nominal levels and delinked with size of drone. For instance, the fee for a remote pilot license fee has been reduced from INR 3000 (for large drone) to INR 100 for all categories of drones; and is valid for 10 years.
      • For providing drone operation permits and clearances, Digital Sky Platform will be developed.
      • Area will be divided into three categories:
        • For Green Area – No license will be required for operating drone
        • For Yellow Area – Permit is required
        • For Red Area – No drone operations are permitted.
      • Yellow area / zone now starts at a distance of 12 km away from airports. Earlier, this was 45 km.
      • Now, drones weighing 500 kg will be covered under these rules, contrary to 300 kg earlier. In this manner, drone taxis are also covered under the new rules.
      • Directorate General of Foreign Trade will regulate the import of drones by private parties as well. Now, no import license from the Director General of Civil Aviation is required.
      • Penalty for violating the rules has been reduced to Rs 1 lakh.
      • As per the govt, India has the potential to be global drone hub by 2030.
  3. IIT Madras is developing an online platform called e-Source to tackle e-waste.
      • ‘e-Source’ will be an exchange platform that will serve as an online marketplace for electrical and electronic equipment waste and facilitate a formal supply chain between various stakeholders (buyers and sellers).
      • The initiative is led by the Indo-German Centre for Sustainability (IGCS).
  4. As part of the ongoing Mission SAGAR, INS Airavat arrived at Ho Chi Minh City Port in Vietnam with Covid relief material.

State News

  1. IIT Roorkee, in a joint venture with National Disaster Management Authority (NDMA), has built an app that can predict natural disasters.
      • Uttarakhand govt has also formed an expert committee that will inform about the amount of rainfall that’ll be received in every area so that necessary arrangements can be made beforehand.
  2. Indian Railways has launched a regular Jungle Tea Toy-Train Safari from Siliguri junction to Rongtong station in West Bengal in a bid to provide a boost to the COVID-hit tourism sector.
      • UNESCO, in 1999, had declared the toy train on the world-famous Darjeeling Himalayan Railway (DHR) as ‘World heritage site’.
  3. Odisha’s Kendrapara district has become the only district in India where all three species of crocodiles – salt-water, gharial and mugger – are found.
      • Bhitarkanika National Park is also located in this district. The Park is home to 70% of India’s saltwater crocodiles.
  4. Chhattisgarh has announced the financial assistance of Rs 9,000 per acre for farmers under the Rajiv Gandhi Kisan Nyay Yojana during the ongoing kharif season, if the crops get destroyed due to drought-like conditions.
      • Under the RGKNY, the state government provides input assistance to farmers for crop production.

Defence News

  1. India and Germany navies conduct a bilateral maritime exercise in the Gulf of Aden near Yemen.
      • Indian Navy’s frigate ‘Trikand’ and German frigate ‘Bayern’ participated in the exercise.
India % Germany conducts exercise
  1. China’s People’s Liberation Army is conducting “Shared Destiny-2021”, a multinational peacekeeping army exercise, at PLA’s training base in Henan’s Queshan county from September 6 to 15.
      • The militaries of Pakistan, Mongolia and Thailand will participate in it.
      • The scenario of the exercise is joint operations of multinational peacekeeping forces.
  2. INS Tabar participated in the bilateral maritime exercise with Morocco, off the port of Casablanca.
      • INS Tabar also conducted naval exercise with Algerian Navy ship ‘Ezzadjer’, off the Algerian coast. It is Indian Navy’s first exercise with Algerian Navy.
      • India- led initiative Indian Ocean Rim Association (IORA), is headquartered in Mauritius.
      • Integrated Maritime Strategy 2050 of the African Union aims to increase wealth creation from Africa’s oceans and seas in a sustainable and environmentally-friendly manner.

Memorandum of Understanding

  1. Association of Renewable Energy of States (AREAS) has signed MoU with three institutions – National Institute of Solar Energy, National Institute of Wind Energy and Sardar Swaran Singh National Institute of Bio Energy.
      • Purpose – for promotion of renewable energy technologies in India.
      • The MoU were signed on the 7th Foundation Day of AREAS.
      • On this occasion, AREAS Telephone Directory 2021 was also launched in the digital form by Secretary of Renewable Ministry and President of AREAS.
      • AREAS came into existence in 2014 on the initiative of Ministry of New & Renewable Energy.
      • All State Nodal Agencies for renewable energy are members of AREAS.

International News

  1. United Nations Security Council, under the Presidency of India, adopted a resolution on the situation in Afghanistan.
      • The resolution was sponsored by US, UK, and France.
      • Only Russia and China abstained from voting. All 13 out of the total 15 UNSC members, supported the resolution.
      • The resolution asserts that the territory of Afghanistan is not to be used to threaten any country or shelter terrorists.

Reports & Indices

  1. Deloitte Economics Institute has released the “India’s turning point: How climate action can drive our economic future” report.
      • As per this report, if India takes immediate actions against climate change, then it can save up to US $35 trillion in economic potential over the next 50 years.
      • The report also highlighted how India can gain US $11 trillion in economic value instead over the same period, by limiting rising global temperatures and realising its potential to ‘export decarbonisation’ to the world.
      • Upcoming 10 years are the most important for India. An environmentally- sustainable society can contribute towards achieving the $5 trillion economy aim of India.
      • Top 5 sectors which can be worst affected by climate change are services, manufacturing, retail & tourism, construction and transportation. All these sectors contribute almost 80% to India’s GDP at present.
      • By 2070, these five sectors would face an annual loss of $ 1.5 trillion, if climate action is not taken at the right time.
      • India will achieve 8.5% GDP growth rate by 2070.
  2. ISRO has released the Desertification and Land Degradation Atlas of India.
      • The data is collected for 2018-19.
Area under land degradation:
• The report shows that close to 30% of India’s geographical area is already affected by land degradation.
• Currently, 97.85 million hectares (mha) of land — an area 2.5 times the size of India’s largest state Rajasthan— has already been degraded.
Situation of States:
• Almost all Indian states have recorded an increase in degraded land in the past 15 years.
• Land degradation is rapidly increasing in the biodiversity-rich north-eastern states.
Highest:
• Rajasthan (the most degraded state with 22% of degraded land of India), Maharashtra and Gujarat have the most degraded land respectively.
• Maharashtra has a maximum share of desertification found in three land types: agriculture unirrigated land, forestland and land with scrub.
Improvement:
• Rajasthan, along with Uttar Pradesh and Telangana, have seen a reduction in their degraded land in the last 15 years.
Types of land under degradation:
• Unirrigated farmlands are the most vulnerable land for degradation, followed by forests.
⚬ Reasons for land degradation of Unirrigated farmlands - water erosion (causing 80% of degradation), followed by wind erosion (17%), salinity / alkalinity in land (2%) and water logging (1%).
⚬ Irrigated farmlands’ degradation is caused by water erosion due to rain because these lands remained exposed.
• Forestland - India has a little over 71 mha of forestland, as per the India State of Forest Report 2019. Of this, 30% or a little more than 21 mha of forestland is degraded.
⚬ Vegetation degradation (96%) is the major reason for forest degradation. Vegetation degradation is referred to as the decline in the vegetative ground cover, as a result of deforestation and / or overgrazing.
• Land with Scrub - This is the third most degraded form of land in India.
India’s targets:
• India has a target of becoming land degradation neutral by 2030.
⚬ In 2015 at the COP-21 of UNFCCC, India pledged to restore 13 million hectares of degraded and deforested land by 2020, and additional 8 million hectares by 2030.
⚬ This announcement was made after joining the Bonn Challenge.
⚬ The Bonn Challenge is a global effort to bring 150 million hectares of the world’s deforested and degraded land into restoration by 2020, and 350 million hectares by 2030.
Desertification and Land Degradation Atlas

Banking & Economy

  1. Max Life Insurance Company, in partnership with Billdesk, has launched digital process for premium payments for its customers.
      • With this, Max Life becomes the first life insurer to extend the facility of e-mandate for recurring premium payment options to its customers.
      • As per RBI’s guidelines, Additional Factor of Authentication (AFA) would be required for every recurring transaction for an amount of more than Rs. 5000.
  2. PayU has announced to acquire India’s earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion.
PayU Acquires Billdesk
  1. RBI has released the directions on compensation of private banks’ top officials.
      • As per the guidelines, fair value of the share-linked incentives paid to chief executive officers, whole-time directors and other key functionaries by the private banks should be recognised as an expense during the relevant accounting period.
      • Last time, RBI released the directions about the guidelines on the compensation of whole-time directors/ chief executive officers/ material risk takers and control function staff in November 2019.
      • In terms of the extant guidelines, share-linked instruments are required to be fairly valued on the date of grant using the Black-Scholes model.

Appointments

  1. Leander Paes has joined Sporjo, an online sports education company, as a Strategic Advisor and Ambassador.
  2. Union Minister for Health and Family Welfare Shri Mansukh Mandaviya took over charge as the Chairperson of Stop TB Partnership Board.
      • The Minister will hold the responsibility with immediate effect until 2024.
      • The UN’s target is to eliminate TB by 2030 across the world.
      • India’s target is to eliminate TB by 2025.
      • Mr. Austin Arinze Obiefuna, Executive Director of Afro Global Alliance, has been appointed Vice-Chair of the board.

Important Days

  1. National Small Industry Day is observed on August 30 in India.
  2. International Day of the Victims of Enforced Disappearances is observed on August 30 by UN.

Awards

  1. National Awards to Teachers 2021 were given by Ministry of Education to a total of 44 candidates.

Sports

  1. Max Verstappen (Belgian-Dutch racing driver) has won the Belgian Grand Prix 2021.
  2. Javelin thrower Tek Chand was India’s flag-bearer during the opening ceremony of the Tokyo Paralympics 2020.
      • Badminton and Taekwondo games were introduced in the Paralympics 2020.
  3. Stuart Binny (Indian cricketer) has announced retirement from all forms of cricket.
  4. Asian Youth and Junior Championships 2021 (boxing) was held in Dubai.
      • India has won notching up six gold medals along with nine silver and five bronze in the event.
      • Gold winners – Preeti Dahiya (60kg), Sneha Kumari (66kg), Khushi (75kg) and Neha (54kg) in women’s and Bishwamitra Chongtham (51kg) and Vishal (80kg) in men’s competition.
  5. Indian Grandmaster P Iniyan has won the Noisiel International Open 2021 Chess Tournament in Paris, France.
      • He won the International Open 2021 chess tournament in both the Swiss System with classical time control and the Blitz event.
  6. Meiraba Luwang Maisnam (from India) has won the YONEX Latvia Badminton tournament in men’s singles.
  7. Alexander Zverev has won fifth ATP (Association of Tennis Professionals) Masters 1000 in Cincinnati, US.
      • Ashleigh Barty has won the WTA (Women’s Tennis Association) tournament organized in Cincinnati.
      • The tournaments are called Western and Southern Open.

Miscellaneous

  1. Ed Asner (American actor) has passed away.
  2. Noted Bengali author Buddhadeb Guha has passed away.
  3. Hurricane Ida has struck the coast of Louisiana (state of US).

Start Quiz of 31st August 2021

Q.1) Where is India’s first green hydrogen electrolyser manufacturing unit established?
Q.2) Where did the recent India-German bilateral maritime exercise take place?
Q.3) When was the Association of Renewable Energy of States (AREAS) established?
Q.4) Which state has the maximum share of desertification found in three land types: agriculture unirrigated land, forestland, and land with scrub?
Q.5) As per the India’s turning point: How climate action can drive our economic future report, if India takes immediate actions against climate change, then it can save up to US $35 trillion in economic potential over the next 50 years. The report also highlighted how India can gain US $11 trillion in economic value instead over the same period, by limiting rising global temperatures and realising its potential to ‘export decarbonisation’ to the world. The report also exuded confidence that India will achieve 8.5% GDP growth rate by 2070. Overall, this report averred the need for immediate climate action by India. Which organization has released this report?
Q.6) Which has become the first life insurer to offer the facility of online premium payment?
Q.7) When is the National Small Industry Day observed?
Q.8) Tek Chand - India's flag-bearer during the opening ceremony of the Tokyo Paralympics 2020 - belongs to which sport?
Q.9) Who is the chairperson of Stop TB Partnership Board?
Q.10) Which country is hosting the “Shared Destiny-2021”, a multinational peacekeeping army exercise?
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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