Current Affairs Quiz - February, 2021

Notes:
The Central Government has approved the Start-up India Seed Fund Scheme (SISFS) with a corpus of Rs 945 crore to provide financial assistance to start-ups.
As per the recent notification of thethe Department for Promotion of Industry and Internal Trade (DPIIT), the funds will be disbursed through selected incubators across India from 2021 to 2025. DPIIT will also set up an Experts Advisory Committee (EAC) to monitor the scheme.

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:
The ‘India Justice Report’ was an initiative of Tata Trusts, along with the Centre for Social Justice and some other social agencies.
The report analysed expenditure, vacancies, representation of women and members of SC, ST and OBCs across large, mid-sized states and smaller states. Bihar has employed most women in its police force at 25.3 per cent. Tamil Nadu has the highest percentage of women police officers and Karnataka is the only state to meet SC, ST and OBC quotas.

Notes:
The United Arab Emirates (UAE) has recently amended its Emirati Nationality Law, for granting citizenship to expatriates. This move is aimed to attract and retain individuals with specialised skills.
The amendment seeks to grant UAE citizenship to investors, and professionals like scientists, doctors, engineers, artists, authors and their families.

Notes:
The UN counterterrorism chief has urged countries to repatriate the children stranded in a massive camp in Al Hol.
Out of the 27,000 abandoned children, many of them are children of Islamic State extremists. Al Hol camp is the largest camp for refugees and displaced Syrians in the country, located in the north-eastern Syria.

Notes:
Bangladesh has sent a third group of Rohingya refugees to Bhashan Char Island, which is a newly developed island in the Bay of Bengal.
Around 4,000 refugees have been sent to the island since December. After the third set of 1,778 refugees, the fourth set is also expected to be sent soon. There have been several calls from human rights activists against resettlement of refugees in the island.

Notes:
The FDI limit in Indian insurance companies increased to 74% in 2021. The Insurance Act, 1938 was amended to permit up to 100% foreign direct investment from February 5, 2026. Foreign investors and FPIs can now collectively own 100 percent equity in Indian insurance companies, according to the Sabka Bima Sabki Raksha Act, operative from February 2026. This act ended all previous sectoral FDI cap restrictions.

Notes:
In this year’s Syed Mushtaq Ali Trophy T20 cricket tournament held at Ahmedabad, Tamil Nadu team defeated Baroda to win the trophy title. Last year Tamil Nadu lost the trophy against Karnataka.
During this year’s tournament, Tamil Nadu remained un beaten till the final match. At the finals, the team chased Baroda’s modest score of 120, with 2 overs and 7 wickets remaining.

Notes:
Lieutenant General C P Mohanty assumed charge as the Vice Chief of the Army Staff. Prior to this appointment he was the Army Commander of the Southern Army.
The area of responsibility of the Southern Army includes 11 states and four Union Territories. C P Mohanty has replaced the previous Vice Chief of the Army Staff, Lieutenant General Satinder Kumar Saini.

Notes:
Vice President M. Venkaiah Naidu inaugurated Aadi Mahotsav, a National Tribal Festival at Dilli Haat, New Delhi. The event is scheduled to be held from February 1 to February 15, this year.
Aadi Mahotsav is a national-level tribal festival and a joint initiative of Ministry of Tribal Affairs, and the Tribal Cooperative Marketing Development Federation of India (TRIFED). The event showcases traditional art, handicrafts and cultural heritage of the country. It has been organised from 2017.