Current Affairs Quiz - February, 2021

Notes:
As per a recent report by Alvarez & Marsal India, as at September 2020, it took an average of 440 days for resolving 277 cases approved by the NCLT under the IBC.
The report stressed on the need for time-bound resolution of stressed assets and enhancing the resolution processes under Insolvency and Bankruptcy code as recovery percentages fell sharply to 15-25 % whenever there is an increase in time taken for resolution.

Notes:
The Indian construction major L&T Construction, has bagged the contract for building 28 steel bridges for Mumbai and Ahmedabad bullet train project.
The order costs about Rs.1000 crore to Rs.2500 crore. It involves procurement, fabrication, assembly and erection of bridges at various sites in the line. This project has been bagged as a consortium of L&T and Japan’s IHI Infrastructure Systems.

Notes:
The corruption perception index (CPI) for the year 2020 has been released recently by Transparency International (TI). The index uses a scale of 0 to 100 to rate countries, where 0 is highly corrupt and 100 is very clean.
India slipped six places and has been ranked at 86th position out of 180 countries.

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:
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:
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:
China is the largest producer of silk, in the world. It is followed by India in the second place. India is the only country in the world which produces all four major varieties of silk namely – Mulberry, Eri, Tassar, and Muga.
Recently, the Textiles Minister Smriti Irani inaugurated India’s biggest silk fair, the 8th India International Silk Fair. It is held on the virtual platform of Indian Silk Export Promotion Council.

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:
Punjab Chief Minister Captain Amarinder Singh virtually launched the ‘Har Ghar Pani, Har Ghar Safai’ mission.
This scheme is a part of the government’s campaign to provide 100 per cent potable piped water supply in all rural households by March 2022. The Chief Minister also launched ‘Mega Surface Water Supply Scheme’.

Notes:
Lieutenant General C P Mohanty assumed charge as the Vice Chief of the Army Staff. Prior to this appointment he was the Army Commander of the Southern Army.
The area of responsibility of the Southern Army includes 11 states and four Union Territories. C P Mohanty has replaced the previous Vice Chief of the Army Staff, Lieutenant General Satinder Kumar Saini.