Current Affairs Quiz - February, 2021

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:
‘STARS’ stand for Strengthening Teaching-Learning and Results for States. It is a project of the Union Ministry of Education for improving the quality of education in six selected states.
The total project cost of project is Rs 5718 crore with the financial support of World Bank amounting to approximately Rs. 3700 crore. Recently, the agreement for the financial support of the project was signed with World Bank.

Notes:
Uttar Pradesh’s tableau at this year’s Republic Day parade in New Delhi was adjudged the best and awarded by Union minister Kiren Rijiju.
The theme of Uttar Pradesh’s tableau depicting the Ram Temple was “Ayodhya: Cultural Heritage of Uttar Pradesh”. Department of Biotechnology is the best tableau among the Central Ministries, departments, the CAPF and other auxiliary forces.

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 China National Nuclear Corporation has stated that it has begun commercial electricity production from its “Hualong One unit” which are the third-generation pressurised water nuclear reactors of the country.
The reactor constructed for more than five years at Fuqing in Fujian province was first connected to the grid in November.

Notes:
The cabinet of Government of Tamil Nadu, has approved new investments in the state amounting Rs.52,257 crores. This includes investment by Tata Electronics amounting Rs.5,763 crores, for manufacture of mobile phone components. These investments are expected to generate over 93,935 jobs in the state.
The state’s cabinet has also cleared the Tamil Nadu Industrial Policy 2021.

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:
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.

Notes:
Elon Musk’s SpaceX has announced the launch of its first all civilian mission to space. The mission will be the first all-commercial astronaut mission to the orbit.
Named as Inspiration4, the mission is to be launched using the flagship vehicle of SpaceX, the Falcon 9. Expected to be launched by the end of 2021, it is a charity-focused mission commanded by the entrepreneur Jared Isaacman.

Notes:
In its recent cabinet meeting, Sri Lanka has decided that the East terminal of Colombo port will be 100% owned and operated by the state-owned Sri Lanka Port Authority (SLPA).
Earlier, the country had signed deal with India and Japan for operating the port with 49% stake by the two countries and majority stake by SLPA. India announced that it expects Sri Lank to honour its agreement.