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:
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 corruption perception index (CPI) for the year 2020 has been released recently by Transparency International (TI). The index uses a scale of 0 to 100 to rate countries, where 0 is highly corrupt and 100 is very clean.
India slipped six places and has been ranked at 86th position out of 180 countries.

Notes:
The Germany-based think tank Germanwatch has recently released Climate Risk Index (CRI) 2021. The index ranks countries as per their vulnerability to climate risks both in terms of fatalities and economic losses
As per the report, India is the 7th worst-hit country on account of extreme weather events in the year 2019.

Notes:
IN FAC T-81 is the Indian Naval Fast Attack Craft of the Super Dvora MK II class, which served the nation successfully for more than 20 years in surveillance and Search & Rescue.
It was recently decommissioned at Naval Dockyard, Mumbai. It is a 25-meter-long vessel with 60 tonnes displacement and was built at Goa Shipyard Ltd in collaboration with an Israel manufacturer. The INFAC was commissioned into the Navy in 1999.

Notes:
The Reserve Bank of India has recently announced a framework to strengthen the grievance redress mechanism in Banks. The framework mandates all banks (excluding regional rural banks) to have enhanced disclosures on complaints.
This move of Reserve Bank comes at the back drop of increase in customer complaints in the banking industry in the recent years.

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:
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:
PM AtmaNirbhar Swasth Bharat Yojana, a new centrally sponsored scheme has been announced in the Union Budget 2021-22. The scheme would be launched with an outlay of Rs.64,180 crore over a period of 6 years.
The scheme aims to develop capacities of primary, secondary, and tertiary care Health Systems.

Notes:
Kerala Chief Minister Pinarayi Vijayan inaugurated the ‘Kerala Looks Ahead,’ a three-day virtual global conclave.
The conference aims to frame the roadmap for long-term development of the state by reaping opinions from top economists, industry leaders and administrators. Star speakers include Nobel laureate Amartya Sen, WHO Scientist Soumya Swaminathan and top industry leaders.