Latest Current Affairs For Wednesday 10th November, 2021

Brickwork Ratings projects India’s GDP at 10-10.5% in FY2022

Domestic credit rating agency Brickwork Ratings has projected gross domestic product (GDP) of India at 10-10.5% in the current financial year 2021-22 (FY22).

Earlier this was estimated at 9%.

India’s GDP grew at 20.1% in the first quarter of fiscal 2022.

Brickwork Ratings: SEBI registered Credit Rating Agency.

Headquarters of Brickwork Ratings: Bengaluru.

Training Modules of Central Sector Plan Scheme released

Union Minister Virendra Kumar has released Training Modules of Central Sector Plan Scheme ‘In-service Training & Sensitization of Key functionaries of Central & State Governments and Local Bodies’ in New. 

Rehabilitation Council India (RCI) is the nodal agency for implementation of Central Sector Plan Scheme at national level. 

RCI has developed target groups wise separate Training Modules in Hindi and English, which will be translated in regional languages as well.

Ministry of Tourism and I&B hold Film Tourism Symposium in Mumbai

Ministry of Tourism in association with Ministry of Information & Broadcasting has organized Symposium on Film Tourism at Taj Lands’ End, Mumbai. 

Aim: to promote Film Tourism by exploring opportunities available in the states for conducting film shootings.

Film Tourism: It refers to the growing interest among general public for the places which became popular owing to their presence in certain scenes of movies.

Zubeen Garg appointed as brand ambassador of Bandhan Bank in Assam

Indian singer, actor, composer, Zubeen Garg has been appointed as the brand ambassador for Bandhan Bank in Assam.

This is the 1st time ever that Bandhan Bank has on-boarded a brand ambassador. 

As a part of this collaboration, Zubeen has launched brand-new music video titled ‘Axom Amar Mone Praane’, which highlights diverse elements of Assamese culture and heritage.

The song and video have been produced in collaboration with Bandhan Bank. 

Bandhan Bank headquarters: Kolkata

Department of Justice launches ‘Tele-Law on Wheels’ Campaign

Department of Justice has started week-long ‘Tele-Law on Wheels’ campaign from 8th to 14th November 2021.

As part of this campaign, series of activities are being undertaken to empower people through pre-litigation advice for rightfully claiming their entitlements and for timely redressal of their difficulties.

Special Login week is also being organized for encouraging those in need to seek legal advice and consultation through tele-and video conferencing facilities. 

Indian Army organized webinar ‘Indian Army Make Projects’

Indian Army in collaboration with FICCI organized a webinar titled ‘Indian Army Make Projects’ on 8th November 2021.

This was the 6th such webinar since the inception of the Make process in 2016.

A booklet on ‘Army Make Projects 2021’ was also released.

During webinar, Indian Army unveiled Six new ‘Make-II Projects’ with spanned technologies across unmanned systems, technologies to counter such systems as well as emerging solutions for augmenting air defence capabilities.

National Museum celebrates Destination Northeast India initiative

National Museum, New Delhi celebrated rich heritage of North East India, under Ministry of DoNER & NEC’s initiative titled as ‘Destination North East India’ as part of the celebrations of Azadi Ka Amrit Mahotsav.

It is a 7-day online programme that includes Cultural performances (Folk Dance and Music ) of North-East India (Assam, Manipur, Mizoram, Nagaland and Sikkim) both in online as well as offline format. 

Ms Nazia Kamal hosted the programme.

Centre amends the Legal Metrology (Packaged Commodities) Rules 2011

Dept of Consumer Affairs has omitted Rule 5 of Legal Metrology (Packaged Commodities), Rules 2011 defining Schedule II prescribing the pack sizes of various types of commodities to safeguard interest of consumers. 

New provision has been introduced to indicate unit sale price on pre packed commodities, which will allow easier comparison of the prices of the commodities at the time of purchase.

The amendments will come into effect from 1st April 2022.

SwarnaJayanti Fellowships Award 2020-21 conferred on 17 scientist

Dept of Science & Technology has selected 17 scientists for the prestigious Swarnajayanti Fellowships 2020-21 award for their innovative research ideas and the potential of creating impact on R&D.

Winners:

Siddhesh Kamat

Mousomi Bhakta

Sakya Singha Sen

Sridharan Devarajan

Niti Kumar

Nitin Gupta

Modhu Sudan Maji  

Chandramouli Subramaniam

The award consists of a Fellowship of Rs 25000/- per month for 5 years, along with research grant of Rs 5 lakh for 5 years. 

SBI launches video life certificate service for pensioners

SBI has come out with video life certificate service for pensioners, which is completely paperless and free of cost.

This new facility will enable the pensioners to submit their life certificates through video at the comfort of their homes.

However, it is only applicable for pensioners and not for family pensioners, which means that spouse of the pensioner receiving the government pension will not be able to use this facility. 

Chairman of SBI: Dinesh Kumar Khara. 

National Legal Services Day: 9th November

National Legal Services Day is being observed every year on 9th November in India by all Legal Services Authorities to commemorate the enactment of Legal Services Authorities Act 1987. 

It was enacted on 11 October 1987, while the act was took effect on 9 November 1995. 

Aim: To spread awareness about various provisions under Legal Services Authorities Act and right of the litigants.

National Legal Services Authority (NALSA) was constituted to provide free Legal Services. 

Srinagar joins UNESCO creative cities network

Srinagar (summer capital of Jammu and Kashmir) has been selected to join UNESCO creative cities network (UCCN) for the vibrant cultural ethos of the old city. 

It has been designated as a creative city of craft and folk arts by UNESCO. 

Apart from it, 48 cities have been added to the network of 246 cities following their designation in recognition of their commitment to placing culture and creativity at the heart of their development.

UNESCO HQs: Paris, France

Max Verstappen wins 2021 Mexico City Grand Prix

Netherland’s Max Verstappen (Red Bull) has won 2021 Mexico City Grand Prix, which is being held at Autódromo Hermanos Rodríguez in Mexico City.

Lewis Hamilton (Mercedes-Great Britain) bagged second position, followed by Sergio Perez (Mexico- Red Bull).

It was the 18th round of 2021 Formula One World Championship and marked the 21st edition of Mexican Grand Prix.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.