Current Affairs Quiz - February, 2021

Notes:
Union Finance Ministry is set to infuse Rs 3,000 crore capital into state-owned general insurance companies, during the current quarter.
The cabinet decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and that of United India Insurance Company Limited (UIICL) and Oriental Insurance Company Limited (OICL) to Rs 5,000 crore each.

Notes:
An unmanned Russian cargo ship launched successfully loaded with supplies for the International Space Station.
Named as ‘Progress MS-16’, the cargo ship blasted off from the Russia’s Baikonur launch facility in Kazakhstan. The ship is carrying water, propellant and other supplies. It is set to dock at the space outpost two days after the launch.

Notes:
The Reserve Bank of India (RBI) has constituted an eight-member expert panel to lay down a regulatory road map for urban co-operative banks (UCBs).
The committee will be headed by former deputy governor of RBI, N. S. Vishwanathan. The group will also study the consolidation prospects in the sector. The expert committee has been asked to submit its report within three months.

Notes:
The Asian Development Bank (ADB) announced that it will provide Rs 100 crore loan to Gurgaon-based hospital chain Medanta.
The financial assistance would aid the multi-speciality hospital chain in enhancing healthcare services and medical equipment to fight the COVID-19 pandemic. It also includes staff training programmes on infection control.

Notes:
Global E-commerce giant Amazon has announced that it is set to begin manufacturing devices in India. This is the first Amazon manufacturing line in India.
Amazon will begin manufacturing with Cloud Network Technology, a subsidiary of Foxconn, in Chennai. Beginning later this year, the programme aims to manufacture several lakhs of Fire TV Stick devices every year, generating additional jobs in the country.

Notes:
Ethiopian Deputy Prime Minister and Minister of Foreign Affairs Demeke Mekonnen Hassen arrived in New Delhi.
He inaugurated the new Chancery and Residence at Ethiopian Embassy in New Delhi along with External Affairs Minister of India Dr. S. Jaishankar. They also discussed on various bilateral and global issues of mutual interest.

Notes:
The Union Cabinet has approved signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius.
This is the first trade Agreement to be signed by India with any country in Africa. The agreement aims to liberalise norms covering Rules of Origin, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Telecom, Financial services and Customs Procedures among others.

Notes:
India-Singapore CEO Forum was recently organised by the Department for Promotion of Industry and Internal Trade (DPIIT) and FICCI.
The India-Singapore CEO Forum was launched in November 2018. Union Minister Piyush Goyal addressed the forum and expressed that both the countries can work together in areas such as e-commerce, fintech, smart manufacturing and healthcare.

Notes:
The Indian Space Research Organisation (ISRO) and the Australian Space Agency signed an amendment to the Memorandum of Understanding, for space cooperation with Australia.
The Comprehensive Strategic Partnership between the two countries was announced by Prime Minister Narendra Modi and Australian Prime Minister Scott Morrison last year.

Notes:
India’s leading investment professional, Usha Rao-Monari, has been appointed by the UN chief Antonio Guterres as Under-Secretary-General and Associate Administrator of the UNDP.
She has served in several senior positions in the area of infrastructure investment, including Director of the Sustainable Business Advisory Group at the International Finance Corporation, part of the World Bank Group.