Current Affairs Quiz - February, 2021

Notes:
Union Minister of Health & Family Welfare addressed the event on Restoring Cross Border Mobility, through video conference.
The event was organised by World Economic Forum’s Common Trust Network, to discuss the policies and partnerships required to reopen borders and enable essential travel, tourism and commerce in a safe and sustainable method.

Notes:
The state government of Rajasthan has recently reduced value-added tax (VAT) by two percent on petrol and diesel. This has relaxed the fuel prices in the state. Recently, the price of premium petrol price crossed Rs.100 in the state.
Petrol, Diesel and other fuels in India have been kept outside the ambit of Goods and Services Tax (GST). Presently, the state governments determine the VAT on these fuels.

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:
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:
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:
Tech major Google has launched a new initiative named ‘Startup School’ to train start-up founders and their teams across the Asia Pacific region.
It is a virtual programme which provides a series of free virtual courses for start-up founders and their teams. Courses on digital marketing, product knowledge and business strategy would be the focus areas.

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:
The Ministry of Power is set to launch a domestic manufacturing programme for critical power and renewable energy equipment.
The scheme titled ‘Manufacturing Zones under Atmanirbhar Bharat Package’ was announced in the Union Budget. With an outlay of Rs 1,500 crore in the coming financial year, the scheme includes setting up three manufacturing zones per year.

Notes:
India hosted the Indian Ocean Region (IOR) Defence Ministers’ Conclave on February 4, 2021 on the side-lines of Aero India 2021 event.
The broad theme of the conclave is ‘Enhanced Peace, Security and Cooperation in the Indian Ocean’. During the conclave, India announced that it is ready to supply missile systems, LCA and other weapons systems to the countries in Indian Ocean Region.

Notes:
In the 2020 Democracy Index’s global ranking released by the Economist Intelligence Unit, India has slipped two positions and stood at 53rd position.
India’s score has declined from 7.92 in 2014 to 6.61 in 2020 and its ranking fell from 27 in 2014 to 53 in 2020.