Current Affairs Quiz - February, 2021

Notes:
The second annual World Neglected Tropical Diseases (NTD) Day is observed on January 30, 2021. India is home to the world’s largest absolute burden of 11 of the major NTDs.
To celebrate the day, more than 50 landmarks representing 25 nations across the world will be lit up. India joins the celebration by lighting up the UNESCO world heritage site Qutub Minar, Delhi.

Notes:
India conducted the 5th Act East Forum (AEF) meet with Japan and both the countries reviewed progress of various ongoing projects in the North-eastern region.
India’s ‘Act East Policy’ and Japan’s vision for a ‘Free and Open Indo-Pacific’ are realised through the Act East Forum, which also provides a collaborative platform in the North Eastern Region. The meeting was co-chaired by Foreign Secretary Harsh Vardhan Shringla.

Notes:
As per a recent report by Alvarez & Marsal India, as at September 2020, it took an average of 440 days for resolving 277 cases approved by the NCLT under the IBC.
The report stressed on the need for time-bound resolution of stressed assets and enhancing the resolution processes under Insolvency and Bankruptcy code as recovery percentages fell sharply to 15-25 % whenever there is an increase in time taken for resolution.

Notes:
The National Statistical Office (NSO) recently released its revised national account data. As per the data, the economic growth rate for 2019-20 was revised downwards to 4 per cent.
The decrease from the previous estimate of 4.2 per cent was mainly due to contraction in secondary sectors like manufacturing and construction. Real GDP growth of 2018-19 is estimated at 6.5 per cent, against the 6.1 per cent revealed in January estimate.

Notes:
The Indian Government is to introduce a bill in Parliament to ban all private cryptocurrencies and create a sovereign digital currency by the Reserve Bank of India.
The bill is to allow certain exceptions to promote the underlying technology of cryptocurrency and its uses. A legislative framework on official digital currency is also expected to be created.

Notes:
India exported 4.45 million tonnes basmati rice (worth USD 4.33 billion) in financial year 2019-20. It has a 65 per cent share in global basmati trade.
Pakistan makes the rest of the global trade. Recently, Pakistan’s basmati rice has received a Geographical Indication (GI) registration within the country. India has applied to the EU for the GI tag for its basmati rice in September 2020. Both countries are exporting basmati to the EU without a GI tag from it.

Notes:
Leprosy, also known as Hansen’s disease, is an infectious disease caused by a bacillus Mycobacterium leprae. It is named after the Norwegian physician Gerhard Armauer Hansen, who identified the bacterium.
World Leprosy Day is celebrated on the last Sunday of January every year to increase awareness on the disease. In India, the day is being observed on January 30 this year, on the death anniversary of Mahatma Gandhi.

Notes:
The 13-day long Khelo India Zanskar winter sports and youth festival concluded at Zanskar Valley of the Union Territory of Ladakh.
The festival was organized by the Department of Sports & Youth Services and the Ladakh Tourism Department, under the Khelo India scheme. It aims to promote the economic activities and winter tourism in Ladakh.

Notes:
The ‘Neptune Declaration on Seafarer Wellbeing and Crew Change’, is a declaration released by the global maritime industry recently.
The declaration focusses on recognising seafarers as key workers by all governments in line with the UNGA resolution adopted recently. The Maritime Union of India (MUI) urged the Centre to consider the declaration while formulating ‘Maritime India Vision 2030’.

Notes:
The 15th Finance Commission headed by NK Singh, with 117 core recommendation, has tabled its report in the Parliament recently.
The Finance Commission maintained the vertical devolution of taxes with the states at 41%. The divisible pool of financial resources is recommended at 42%, with 1% adjustment made for change of status. So, the vertical devolution of taxes to the states stands at 41%.