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Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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January 05 | Daily Current Affairs 2021

RANKING

1. According to Chronicle of Philanthropy, Who is topped in the list of making largest charitable gifts in 2020?
A) Mark Zuckerberg
B) Fred Kummer
C) Phil Knight
D) Penny
E) Jeff Bezos
Answer: E) Jeff Bezos

2. According to South Asia Journal, which city is topped in the list of CCTV coverage per square kilometre ?
A) Chennai
B) Hyderabad
C) Harbin
D) London
E) Xiamen
Answer: A) Chennai

BANKING AND FINANCE

3. The Reserve Bank of India has imposed how much amount monetary penalty on Bajaj Finance for violating RBI’s directions on fair practices code (FPC) and outsourcing of financial services by a non-banking financial company?
A) Rs 5.50 crore
B) Rs 4.50 crore
C) Rs 3.50 crore
D) Rs 2.50 crore
E) Rs 1.50 crore
Answer: D) Rs 2.50 crore
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (the company), by an order dated January 05, 2021, for violation of,

(i) Directions issued by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs, contained in the Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.
(ii) A specific direction to the company to ensure full compliance with FPC in letter and spirit.

Bajaj Finserv Direct Limited:
Headquarters: Pune, Maharashtra
CEO: Sanjiv Bajaj
Reserve Bank of India:
Headquarters– Mumbai, Maharashtra
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao)

RBI – Fine Bajaj Finance Rs 2.5 crore for recovery agent harassment.

4. RBI Will introduce LEI for large-value transactions in RTGS/NEFT from April. How many digit number in LEI?
A) 10
B) 11
C) 15
D) 20
E) 16
Answer: D) 20

• The Reserve Bank of India (RBI) has decided to introduce the Legal Entity Identifier (LEI) system for all payment transactions of value ₹50 crore and above undertaken by entities (non-individuals) using the Reserve Bank-run Centralised Payment Systems with effect from April 1.
• LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide.
• It was conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the global financial crisis.
• LEI has been introduced by the Reserve Bank in a phased manner for participants in the over the counter (OTC) derivative and non-derivative markets as also for large corporate borrowers.

Reserve Bank of India:
Act: Reserve Bank of India Act, 1934
Headquarters– Mumbai, Maharashtra
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao)

RBI – Introduce LEI for large-value transactions in RTGS/NEFT from April.

BUSINESS AND ECONOMY

5. According to UNICEF, How many babies were born in India on New Year’s Day?
A) 14,161
B) 10,312
C) 35,615
D) 21,439
E) 59,995
Answer: E) 59,995

• UNICEF said that an estimated 371,504 babies were born around the world on New Year’s Day.
• Fiji in the Pacific was projected to have welcomed 2021’s first baby while the United States would welcome its last.
• Globally, over half of these births are estimated to have taken place in 10 countries: India (59,995), China (35,615), Nigeria (21,439), Pakistan (14,161), Indonesia (12,336), Ethiopia (12,006), the United States (10,312), Egypt (9,455), Bangladesh (9,236) and the Democratic Republic of the Congo (8,640).
• The year 2021 will also mark the 75th anniversary of UNICEF.

UNICEF:
Abbreviation: The United Nations Children’s Fund
Founded: 1946
Headquarters: New York, New York, United States
Head: Henrietta H. Fore

UNICEF – India records highest number of babies born on New Year’s Day.

APPOINTMENTS

6. Karan Bajwa is appointed as new leader for Asia Pacific of Google Cloud. He currently leads Google Cloud in which country?
A) Japan
B) Australia
C) India
D) Japan
E) China
Answer: C) India

• Google Cloud announced the elevation of Karan Bajwa as its new leader for Asia Pacific.
• He currently leads Google Cloud in India.
• He succeeds Rick Harshman

Karan Bajwa – New leader for Asia Pacific of Google Cloud – succeeds Rick Harshman.

SCIENCE AND TECHNOLOGY

7. Which IIT and All India Institute of Ayurveda to study therapeutic benefits of herbal formulations, wellness?
A) IIT Mandi
B) IIT Madras
C) IIT Delhi
D) IIT Hyderabad
E) IIT Bombay
Answer: C) IIT Delhi

• Indian Institute of Technology (IIT) Delhi and All India Institute of Ayurveda (AIIA), New Delhi, have come together to study the therapeutic benefits of herbal formulation and wellness
• The seven collaborative projects focusing on various Ayurvedic formulations and practices include,

1. 1. Effect of the six Ayurvedic rasas (tastes) on gastrointestinal secretions.
      Develop herbal formulations that would reduce the harmful effects of reusing cooking oil.
   2. Develop a biodegradable, herbal wound dressing.
   3. Study the effects of the ‘Brahmari pranayama’ on the nervous system.
   4. Analyze the impacts of bhasmas (ashes) on proteins implicated in neurodegenerative diseases.
   5. Develop a ‘dhoopan-yantra’ – a fumigation device for aiding wound healing.
   6. Early cancer detection and assessment of breast cancer response to Ayurvedic drugs is the focus of another project.

• The projects are tenable for two years, at the end of which a better understanding is likely to emerge in the above areas.

IIT Delhi + All India Institute of Ayurveda = Study therapeutic benefits of herbal formulations, wellness.

INTERNATIONAL AFFAIRS

8. UK will launch a new coin to commemorate the 95th birthday of Queen Elizabeth II in April. What is the value of that coin?
A) 20 pound coin
B) 25 pound coin
C) 5 pound coin
D) 10 pound coin
E) 15 pound coin
Answer: C) 5 pound coin

• A new 5 pound coin to commemorate the 95th birthday of Queen Elizabeth II in April will be among a set of new commemorative coinage to be issued in 2021.
• The new coins will be available in precious metal editions or struck in regular circulating alloys, available to purchase from the Royal Mint’s website.
• The anniversary of the birth of Sir Walter Scott, who wrote novels such as ‘Waverley’ and ‘Ivanhoe’, will be celebrated with a 2 pound coin.
• The 75th anniversary of the death of science fiction author H.G. Wells, who penned works such as ‘The Time Machine’ and ‘The War Of The Worlds’, will also be marked on a 2 pound coin, with a depiction of images from his novels.
• Two sets of 50-pence coins will mark the 50th anniversary of decimalisation, when Britain’s modern coins came into force, and the 75th anniversary of the death of the inventor John Logie Baird, famous for his early prototypes of the television.

Queen Elizabeth II’s 95th birthday – To be marked with new 5-pound coin in April.

NATIONAL AFFAIRS

9. Tata Power partnership with which organisation to provide a finance scheme to the MSME players in the rooftop solar segment?
A) SEBI
B) SIDBI
C) RBI
D) NABARD
E) IMF
Answer: B) SIDBI

• Tata Power has partnered with Small Industries Development Bank of India (SIDBI) to provide easy financing scheme for MSME customers in rooftop solar segment.
• Tata Power and SIDBI have joined hands to design a solar financing solution to help MSME players with financial aid without any collateral at an interest of less than 10 per cent.
• The scheme will also be complimented with a sanction time of seven days and disbursal of money in four days.

Tata Power Limited:
Headquarters: Mumbai, Maharashtra
CEO: Praveer Sinha

SIDBI:
Abbreviation: Small industrial Development Bank of India
Headquarters: Lucknow, Uttar Pradesh
MD and Chairman : Mohammad Mustafa

Tata Power + SIDBI = Rooftop solar financing for MSMEs.

10. A sum of how much amount from the PM-CARES Fund is being allocated for installing 162 dedicated PSA medical oxygen generation plants in public health facilities across the country?
A) Rs 101.58 crore
B) Rs 201.58 crore
C) Rs 301.58 crore
D) Rs 401.58 crore
E) Rs 501.58 crore
Answer: B) Rs 201.58 crore

• A sum of Rs 201.58 crore from the PM-CARES Fund is being allocated for installing 162 dedicated PSA medical oxygen generation plants in public health facilities across the country.
• The total project cost includes Rs 137.33 crore towards supply and commissioning of the plants and management fee of central medical supply store (CMSS) and around Rs 64.25 crore towards comprehensive annual maintenance contract.
• The Trust is headed by the prime minister. The other ex-officio members of the trust are the defence minister, the home minister and the finance minister.

Prime Minister, Ministry of Personnel, Public Grievances and Pensions, Department of Atomic Energy, Department of Space and All important policy issues and All other portfolios not allocated to any Minister:
Minister: Narendra Modi
Constituency: Varanasi, Uttar Pradesh

PM-Cares Fund – Allocate over Rs 201.58 cr to boost medical oxygen supply.

11. Which company has bagged ₹758 crore worth of orders from MoD for supply of high-mobility vehicles?
A) BEML
B) BHEL
C) GSL
D) HAL
E) BEL
Answer: A) BEML

• BEML, a defence public sector equipment manufacturer under the Ministry of Defence (MoD), has bagged ₹758 crore worth of orders from MoD for supply of high-mobility vehicles.
• The equipment will be manufactured at BEML’s Palakkad Plant in Kerala. BEML will supply the vehicles to the Indian Army in a span of a year.

The high-mobility vehicles:

• The high-mobility vehicles will play a key role in the logistics management of the Army, leveraging its exceptional cross-country capabilities.
• The vehicles will enable armoured fighting vehicles, troops, ammunition and stores to be moved to far-flung, difficult terrains in operational areas.

BEML Limited:
Abbreviation: Bharat Earth Movers Limited
Headquarters: Bengaluru, Karnataka
Chairman & MD : Shri D. K. Hota

BEML – ₹758-crore orders for high-mobility vehicles for Indian Army.

12. Prime Minister Narendra Modi inaugurated Kochi-Koottanad-Mangaluru LNG (liquified natural gas) pipeline through video conferencing what is the length of this pipeline?
A) 550-km
B) 650-km
C) 450-km
D) 250-km
E) 350-km
Answer: C) 450-km

• Narendra Modi inaugurates the 450-km Kochi-Koottanad-Mangaluru LNG (liquified natural gas) pipeline through video conferencing
• 15,000 km of LNG pipeline was laid between 1978 (when the first inter-State pipeline was commissioned) and 2014, work on 16,000 km of new pipeline that started in 2014 would be completed in the next four years.
• 900 CNG stations between 1992 and 2014, 1,500 new stations were built

Narendra Modi – 450-km Kochi-Mangaluru natural gas pipeline.

13. Union Minister for Women & Child Development and Textiles Smt. Smriti Zubin Irani and Union Education Minister Ramesh Pokhriyal ‘Nishank’ jointly launched the Toycathon 2021. The Toycathon is based on how many themes?
A) 8
B) 7
C) 6
D) 5
E) 9
Answer: E) 9

• Union Minister for Women & Child Development and Textiles Smt. Smriti Zubin Irani and Union Education Minister Ramesh Pokhriyal ‘Nishank’ jointly launched the Toycathon 2021.
• This Toycathon is aimed to conceptualize innovative toys based on the Indian value system which will inculcate the positive behaviour and good value among the children.
• Shri Praveen Kumar, Secretary, Prof. Anil Sahasrabudhe, Chairman, AICTE and Dr Abhay Jere, Chief Innovation Officer, MoE were present during the launch event of Toycathon-2021. The Union Ministers also jointly launched the Toycathon Portal on the occasion.

About Toycathon 2021:

• Taking a giant leap in the path of becoming ‘Atmanirbhar Bharat’, Ministry of Education, Ministry of Women and Child Development (MWCD), Ministry of Textile, Ministry of Commerce and Industries, Ministry of MSME, Ministry of I&B and All India Council for Technical Education (AICTE) have jointly launched Toycathon-2021.
• The Toycathon is based on nine themes viz. Indian Culture, History, Knowledge of India and Ethos; Learning, Education and Schooling; Social and human values; Occupations & specific fields; Environment; Divyang ; Fitness and sport; Out of the box, creative and logical thinking and Rediscovering/redesigning traditional Indian toys.
• The Toycathon will have 3 variants of tracks of Junior Level, Senior Level and Start up Level and will allow participation of students and teachers from schools, colleges and universities apart from startups and toy experts. Participants will have two options for idea submission; they can either submit ideas for the published problem statements or under novel toy concepts category.

Education:
Minister: Ramesh Pokhriyal Nishank
Constituency: Hardwar, Uttarakhand
Women and Child Development and Textiles:
Minister: Smriti Irani
Constituency: Amethi, Uttar Pradesh

Union Minister for Women & Child Development and Textiles + Union Education Minister = launch the Toycathon-2021.

14. Dr. Harsh Vardhan inaugurates India’s first CEPI Centralized network lab at DBT-THSTI in which place through virtual platform?
A) Bangalore, Karnataka
B) Hyderabad, Telangana
C) Chennai, Tamil Nadu
D) Varanasi, Uttar Pradesh
E) Faridabad, Haryana
Answer: E) Faridabad, Haryana

The Minister for Science & Technology, Health & Family Welfare and Earth Sciences Dr. Harsh Vardhan inaugurated one of the seven labs of the world called as the centralized network lab of Coalition for Epidemic Preparedness Innovations (CEPI) established at Translational Health Science & Technology Institute (THSTI), Faridabad, through virtual platform in New Delhi.

THSTI is an institute of the Department of Biotechnology (DBT):

• This is the only laboratory of such kind in India and is also accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL) (ISO 17025:2017).
• Dr. Harsh Vardhan also released the e-Book on S & T solutions for COVID -19 that showcases the initiatives undertaken by the Department of Biotechnology for the mitigation of this Pandemic.

CEPI:

• CEPI is an innovative partnership between public, private, philanthropic, and civil organizations, launched at Davos in 2017, to develop vaccines to stop future epidemics.
  Ind-CEPI Mission
• The Department of Biotechnology, Ministry of Science & Technology, Government of India is implementing the Ind-CEPI mission titled ‘India Centric Epidemic Preparedness through Rapid Vaccine Development: Supporting Indian Vaccine Development Aligned with the Global Initiative of the Coalition for Epidemic Preparedness Innovations (CEPI)’.
• Ind-CEPI Mission aims to strengthen the development of vaccines for the diseases of epidemic potential in India as well as build coordinated preparedness in the Indian public health system and vaccine industry to address existing and emergent infectious threats in India.
• The major focus at present is to help evaluating new Covid-19 vaccines, using standard analysis and same reagents in all labs so that vaccine produced has global acceptance and repeatability of the results, for global use.

Health and Family Welfare, Science
and Technology and Earth Sciences:
Minister : Dr Harsh vardhan
Constituency : Chandni Chowk, Delhi

Dr. Harsh Vardhan – Inaugurate CEPI Centralized network lab at DBT-THSTI Faridabad through virtual platform.

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