Current Affairs Quiz - February, 2021

Notes:
Environment Minister Prakash Javadekar launched the Indo-French year of Environment along with his French counterpart.
India and France have environment projects being undertaken in Assam, Rajasthan and a project to be started in Jharkhand. The objective of this event is to strengthen Indo-French cooperation in sustainable development.

Notes:
The Budget Session of Parliament recently began with the address of President Ram Nath Kovind to the joint sitting of both Houses of Parliament.
During the address, the President mentioned that the ‘Amrut Mahotsav’ will be observed in the country from this year, to mark commencement of the celebrations towards the 75th year of India’s Independence.

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:
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:
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%.

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:
In the recent Union Budget, the Finance Minister announced that all social security benefits will be extended to gig and platform workers.
Minimum wages will be ensured to all categories of workers. All those workers will also be covered by the Employees State Insurance Corporation (ESIC). She also announced that women will be allowed to work in all categories and in the night-shifts with adequate protection.

Notes:
The Reserve Bank of India (RBI) has appointed an external professional IT firm to carry out a special audit of the entire IT infrastructure of the bank
Earlier, the RBI had penalised the HDFC bank for repeated service failures in internet banking, mobile banking, and payment utilities. This step has been taken by the RBI using the powers conferred under the Banking regulation act, 1949.

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.