Current Affairs Quiz - February, 2021

Notes:
The National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 is to be introduced in the Budget session.
The government is set up a National Bank for Financing Infrastructure and Development (NaBFID), which will facilitate the infrastructure financing of the country. The developmental financial institution (DFI) will act as a principal financial institution and development bank to support infrastructure projects.

Notes:
The ‘India Justice Report’ was an initiative of Tata Trusts, along with the Centre for Social Justice and some other social agencies.
The report analysed expenditure, vacancies, representation of women and members of SC, ST and OBCs across large, mid-sized states and smaller states. Bihar has employed most women in its police force at 25.3 per cent. Tamil Nadu has the highest percentage of women police officers and Karnataka is the only state to meet SC, ST and OBC quotas.

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 15th Finance Commission headed by NK Singh, with 117 core recommendation, has tabled its report in the Parliament recently.
The Finance Commission maintained the vertical devolution of taxes with the states at 41%. The divisible pool of financial resources is recommended at 42%, with 1% adjustment made for change of status. So, the vertical devolution of taxes to the states stands at 41%.

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:
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 Union Budget 2021-22, Finance Minister Nirmala Sitharaman announced a scheme of Mega Investment Textiles Parks (MITRA).
The scheme is to be launched in addition to the Production Linked Incentive (PLI) scheme. It aims to help the industry become competitive, attract investments and boost employment generation. Under the scheme, 7 Textile Parks will be established over 3 years.

Notes:
The Supreme Court has directed Franklin Templeton Mutual Fund to distribute Rs 9,122 crore to unitholders of the six schemes that were shut by the company in April 2020.
SBI Mutual Fund has been directed to carry out the process of disbursement. Franklin Templeton has been mandated to distribute the said money within twenty days from the date of order.

Notes:
The Kaliveli Lake is a coastal lake and a wet land, situated in Villupuram District of Tamil Nadu. The lake is near the Bay of Bengal and is the second-largest brackish water lake in Southern India after the lake Pulicat.
The district administration has recently issued the first declaration under the Wildlife Protection Act, 1972, to declare the wetlands as a bird sanctuary.

Notes:
The Union Ministry of Commerce and Industries, has organized a series of sector specific webinar named Udyog Manthan. This is organized in association with Quality Council of India and supported by Bureau of Indian Standards, CII, FICCI and ASSOCHAM.
The webinar has a focus on quality and productivity in all major sectors of manufacturing and services.