Current Affairs Quiz - February, 2021

Notes:
The Ministry of Environment Forest and Climate Change (MoEF&CC) has recently released ‘Marine Mega Fauna Stranding Guidelines’ and ‘National Marine Turtle Action Plan’.
The documents contain framework for handling stranded animals on shore, entangled animals in the sea or boat, management actions for reducing threats to marine species and their habitats, rehabilitation of degraded habitats, among others.

Notes:
India conducted the 5th Act East Forum (AEF) meet with Japan and both the countries reviewed progress of various ongoing projects in the North-eastern region.
India’s ‘Act East Policy’ and Japan’s vision for a ‘Free and Open Indo-Pacific’ are realised through the Act East Forum, which also provides a collaborative platform in the North Eastern Region. The meeting was co-chaired by Foreign Secretary Harsh Vardhan Shringla.

Notes:
The central government has recently announced the closure of the government owned Scooters India Limited, on account of persistent losses posted by the company. The company was incorporated in the year 1972 and is headquartered at Lucknow.
The company has presently 100 employees and has been manufacturing three wheelers in the name of Vijai Super, Vikram and Lambro.

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 Union Budget 2020-21, the government would be incentivizing the incorporation of One Person Companies (OPC) in order to boost the ease of doing business.
The Government has reduced the time limit for Indian citizen to start an OPC from 182 days to 120 days. This move allows NRIs to incorporate OPCs in India.

Notes:
The world’s first commercial launch vehicle powered by bio-fuel was successfully used for a space launch in the United states.
Stardust 1.0, the first such rocket was launched from Loring Commerce Centre in Maine, US. The rocket is manufactured by bluShift, a US- based aerospace company. The 250-kg launch vehicle is vehicle suited for student and budget payloads.

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:
Aviatech Enterprises, one of the companies of the Delhi-based Crown group, working in the field of defence aerospace maintenance, has tied up with the Russian aircraft corporation MiG.
This partnership has been made to provide post-warranty support to the Indian Navy’s MiG-29K and MiG-29KUB fighter jets.

Notes:
The global rating agency Moody’s has estimated India’s nominal economic growth at 17% for the next financial year 2021-22.
The firm said that the 2021-22 budget presented recently in the Parliament has a focus on higher capital expenditure, financial sector reforms and asset sales. These measures are expected to stimulate growth.

Notes:
Securities Exchange Board of India (SEBI) has banned the Future Retail’s Chairman Kishore Biyani and other promoters from the securities market for one year.
They have been charged for indulging in insider trading in the shares of the company. SEBI has also imposed a fine of Rs 1 Crore each on the promoters and ordered them to pay back Rs 17.78 crore with interest.