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:
In the Economic Survey 2020-21 tabled in the budget session of the Parliament recently, the Government has pegged in the country’s GDP growth rate for FY 2021-22 at 11%. The GDP growth for the current financial year has been estimated at minus 7.7%.
Economic survey is an annual document prepared by the Ministry of Finance under the guidance of Chief Economic Advisor. Krishnamurthy Subramanian is the present Chief Economic Advisor.

Notes:
Union External Affairs Minister S Jai Shankar recently delivered his virtual keynote address at the All-India Conference of China Studies.
During the conference, he proposed Eight Guiding principles to repair the strained relations of India with China. He also highlighted the disturbance in their ties due to the stand-off at Ladakh sector of the Line of Actual Control (LAC).

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:
Anders Antonsen of Denmark won the men’s singles final at badminton World Tour held in Bangkok recently. In the final match, he defeated Viktor Axelsen of Denmark.
The tournament is hosted by Thailand in a bio secure coronavirus bubble. The tournament contained no spectators, to guard against the pandemic.

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 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:
Amazon has moved the Delhi High Court against Future Retail for selling its retail assets to Reliance Retail.
Amazon alleges that the ₹24,713 crore worth Future-Reliance deal violates its own contract with the Future Group. The Delhi High Court asked Future retail to maintain status quo. Earlier the Singapore Arbitration gave the Emergency Arbitrator (EA) award in favour of Amazon.

Notes:
Assam Chief Minister Sarbananda Sonowal recently launched two schemes named ‘Pragyan Bharati’ and ‘Bhasha Gourab’.
Under Pragyan Bharati scheme, funds are provided to college students for purchasing text books while under the Bhasha Gourab scheme, the state government provides financial assistance to 21 Sahitya Sabhas (literary bodies).