Current Affairs Quiz - February, 2021

Notes:
The National Statistical Office (NSO) recently released its revised national account data. As per the data, the economic growth rate for 2019-20 was revised downwards to 4 per cent.
The decrease from the previous estimate of 4.2 per cent was mainly due to contraction in secondary sectors like manufacturing and construction. Real GDP growth of 2018-19 is estimated at 6.5 per cent, against the 6.1 per cent revealed in January estimate.

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:
India exported 4.45 million tonnes basmati rice (worth USD 4.33 billion) in financial year 2019-20. It has a 65 per cent share in global basmati trade.
Pakistan makes the rest of the global trade. Recently, Pakistan’s basmati rice has received a Geographical Indication (GI) registration within the country. India has applied to the EU for the GI tag for its basmati rice in September 2020. Both countries are exporting basmati to the EU without a GI tag from it.

Notes:
The BCCI has decided to conduct Vijay Hazare Trophy in place of its first-class domestic tournament Ranji Trophy.
BCCI has stated that the decision has been made as per the wishes of majority of the state units. Additionally, BCCI would also be hosting U-19 National One Day tournament for the Vinoo Mankad Trophy and a Women’s national 50-over tournament.

Notes:
On the Polio National Immunization Day scheduled on January 31, 2021, around 89 lakh children were given polio drops under National Polio Immunisation drive across the country.
President Ram Nath Kovind launched the first round of Pulse Polio Programme 2021. Over seven lakh booths were set up for implementing the drive. A house-to-house surveillance will also be provided to vaccinate the remaining children.

Notes:
The Investment Board Nepal (IBN), chaired by the Prime Minister KP Sharma Oli has awarded the Arun Hydropower Project to India’s Satluj Jal Vidyut Nigam.
The project to develop the 679-megawatt Lower Arun Hydropower Project, is awarded to the SJVN under the build, own, operate and transfer (BOOT) delivery method. The project cost is estimated at over 100 billion Nepalese rupees.

Notes:
The ‘Neptune Declaration on Seafarer Wellbeing and Crew Change’, is a declaration released by the global maritime industry recently.
The declaration focusses on recognising seafarers as key workers by all governments in line with the UNGA resolution adopted recently. The Maritime Union of India (MUI) urged the Centre to consider the declaration while formulating ‘Maritime India Vision 2030’.

Notes:
As per the Union Budget 2021-22, the threshold for paid up capital applicable for Small Companies has been revised from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore”.
This enhancement in capital limit is expected to benefit more than 2 lakh small companies and would ease various compliance requirements for them.

Notes:
The Union Budget 2021-22 contain that the permissible Foreign Direct Investment (FDI) limit in Insurance Companies would be increased from 49% to 74%. Foreign ownership with safeguard would be allowed in this segment.
Insurance Act of 1938 would be amended to make effect to the proposed hike in FDI limit.

Notes:
Indian-American Bhavya Lal has been appointed as the acting chief of staff of the US space agency, NASA.
She was earlier serving as a member of the research staff at the Institute for Defence Analyses- Science and Technology Policy Institute (STPI). She had served in several important positions related to space sector.