Current Affairs Quiz - October, 2021

Notes:
The Cabinet approved the continuation of the National Export Insurance Account (NEIA) scheme. The Government has announced an infusion of Rs 1,650 crore grant-in-aid over five years from FY 2021-2022 to FY 2025-2026.
The Cabinet also approved the listing of Export Credit Guarantee Corporation Ltd. (ECCG), an unlisted CPSE, on the stock exchange. Rs 4,400 crore will be invested in ECGC Ltd in five years, starting from the financial year 2021-22.

Notes:
United Nations International Fund for Agricultural Development (IFAD) has recently released a report titled ‘Transforming Food Systems for Rural Prosperity’.
The report recommended several concrete actions to be taken by governments and policymakers. It said that the Global food systems need a huge revolution, in a more inclusive, fair and sustainable way. As per the report, Food systems are responsible for 37 per cent of greenhouse gas emissions and also highly vulnerable to a changing climate.

Notes:
The national Mid-Day Meal Scheme has been renamed as PM POSHAN Scheme. Involvement of Farmers Producer Organizations (FPO) and Women Self Help Groups in implementation of the scheme are also mentioned in the new features.
The Union Cabinet approved the ‘PM POSHAN in Schools’ scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country. It will also cover students of balvatikas or pre-primary classes.

 

Notes:
The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in the Chennai–Kosasthalaiyar river basin in the state of Tamil Nadu.
The project will establish climate-resilient urban flood protection infrastructure in the region. It will construct 588 kilometers (km) of new stormwater drains, rehabilitate or replace 175 km of stormwater drains among others. Chennai’s rapid urbanization has made the city vulnerable to widespread flooding.

Notes:
Technology Major Facebook launched its largest creator education and enablement programme in India. Named “Born on Instagram” the programme includes e-learning course, aimed at encouraging, educating and enabling creators.
The programme was originally launched in 2019. It focusses on content creators who drive more users, viewers and commerce across different platforms. The programme will also provide live masterclasses with experts, latest information on trends, product updates and challenges.

Notes:
Prompt Corrective Action (PCA) refers to the watchlist of weak banks, by the Reserve Bank of India. The regulator imposes restrictions like curbs on lending among others, on such banks.
The Reserve Bank of India (RBI) has recently removed Indian Overseas Bank from the Prompt Corrective Action Framework. The bank was placed under the PCA framework in 2015. On the basis of the published financial results for 2020-21, the Board for Financial Supervision, found that the bank has not breached PCA parameter.

Notes:
According to the Union Finance Ministry’ status report on India’s external debt, India’s External debt to GDP ratio increased marginally to 21.1% from 20.6% as at end-March 2020.
India’s external debt rose by 2.1% year-on-year to 570 billion as of March-end 2021. Reserves to external debt ratio increased to 101.2% from 85.6% during the same period. With this, it can be concluded that India is a net creditor to the world. The sovereign debt at 107.2 billion rose by 6.2%. The non-sovereign debt grew 1.2% to $462.8 billion.

Notes:
LORROS stands for Long Range Reconnaissance and Observation System, which is a sensor system to provide for long-range day-time and night-time surveillance. It is used by the national security forces like the Indian Army, to counter infiltration.
LORROS has been in the news recently, as an expert panel has cleared a revised technical requirement for implementation of the technology by Border Security Force and Indo-Tibetan Border Police.

Notes:
Indian shooter Manu Bhaker is an ace Indian shooter. She is in news recently since she has made a  top podium finish in the ISSF Junior World Championship held at Lime, Peru. She won Gold in individual pistol event as well as in a mixed team pistol with Sarabjot Singh.
Her contribution helped India to rise to the top of the medal tally at the championship.

Notes:
Lokapriya Gopinath Bordoloi Award is the Government of Assam’s highest civilian award for National Integration and National Contribution. Gopinath Bordoloi was a freedom fighter, Assam’s first Chief Minister after independence and Bharat Ratna awardee.
The award carries a prize of Rs.5 lakh, a citation and an Angabastram. This year’s award was presented by the Vice President M. Venkaiah Naidu.