Current Affairs Quiz - February, 2021

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:
According to the performance index compiled by the Sydney-based Lowy Institute, New Zealand handled the pandemic the most effectively.
India is ranked 86th in the index comprising 98 countries, which measures several key indicators including confirmed cases, deaths, cases per million people and deaths per million people. New Zealand is followed by Vietnam and Taiwan while Brazil is the worst performing country.

Notes:
China-based technology major Xiaomi has announced “Mi Air Charge”. It is a new wireless charging technology that has been patented by the company.
This device lets users to charge multiple electronic devices without any cables, pads, or wireless charging stands. But Xiaomi has stated that this device is still in the concept phase and will not be available commercially in the near future.

Notes:
As per a recent research published in the journal “Nature”, the number of shark and ray in Indian ocean have declined by 84.7% and has been falling continuously since 1970.
The research noted that oceanic sharks and rays worldwide has fallen by 71% since the last 50 years. Also, 24 out of 31 oceanic shark and ray species are presently classified as vulnerable, endangered or critically endangered on the IUCN Red List.

Notes:
Serum Institute of India has announced that it would launch a new COVID-19 vaccine under the brand name Covovax.
It would be developed in partnership with American vaccine developer Novavax, by the month of June. The company’s Covishield has been developed in partnership with the Oxford University and British-Swedish firm AstraZeneca.

Notes:
As per the Union Budget 2021-22, the threshold for paid up capital applicable for Small Companies has been revised from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore”.
This enhancement in capital limit is expected to benefit more than 2 lakh small companies and would ease various compliance requirements for them.

Notes:
As per the latest Budget presented by the Union Finance Minister, the Fiscal Deficit of our economy is estimated at 9.5% of GDP for the current financial year. The same is expected to be at 6.8% of GDP for FY 2021-22.
The budget estimate of expenditure for next FY (2021-22) is Rs.34.83 lakh crore.

Notes:
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Siddhartha Mohanty as the new Managing Director of the Life Insurance Corporation (LIC) of India.
He is currently serving as the Managing director (MD) and chief executive officer (CEO) of LIC Housing Finance. Siddhartha Mohanty has replaced TC Suseel Kumar, who retired on January 31, 2021. LIC has four Managing Directors and one Chairman.

Notes:
The Supreme Court has directed Franklin Templeton Mutual Fund to distribute Rs 9,122 crore to unitholders of the six schemes that were shut by the company in April 2020.
SBI Mutual Fund has been directed to carry out the process of disbursement. Franklin Templeton has been mandated to distribute the said money within twenty days from the date of order.

Notes:
World Wetlands Day is observed every year on 2nd February to create awareness on the importance of wetlands and its role played in the planet.
This year, the theme of the World Wetlands Day is ‘Wetlands and Water’. This year’s theme highlights the importance of wetlands as a source of freshwater. It also encourages action from people and countries to restore them.