Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.
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.
April 7 | Daily Current Affairs 2021
Table of Contents
1. Andrei Silnov is related to which sports?
A) High Jumper
D) Table tennis
Answer: A) High Jumper
- Russian Olympic champions Andrei Silnov and Natalya Antyukh have each been banned for four years for doping offenses, the Court of Arbitration for Sport said.
- Silnov and Antyukh were both charged last year with using or attempting to use a prohibited substance or method.
- The charges stemmed from a World Anti-Doping Agency investigation into Russian doping in 2016.
- Silnov won gold in the high jump at the 2008 Beijing Olympics and Antyukh won the title in the 400-meter hurdles at the 2012 London Games.
- She also won bronze in the 400 and silver in the 4×400 relay in 2004.
- They will keep their Olympic medals.
- Neither athlete has competed since 2016, but Silnov was the senior vice president of the Russian track federation until June 2019, when he stepped down citing an investigation by the Athletics Integrity Unit into his conduct.
- Yelena Soboleva, who won a world indoor championship silver medal in 2006, was banned for eight years and hammer thrower Oksana Kondratyeva, who was disqualified from fifth place at the 2013 world championships, was banned for four years.
Andrei Silnov – Ban for four years for doping offenses.
2. Dr. Fatema Zakaria passes away. She is related to which field?
Answer : E) Journalist
- Well-known educationist, veteran journalist and Chairman of Aurangabad’s prestigious educational institution Maulana Azad Campus Dr. Fatema Zakaria is no more.
- She was 85.
- She was conferred with Padamshree for her excellent contribution in education and educational reforms.
Dr. Fatema Zakaria – Veteran journalist.
BANKING AND FINANCE
3. RBI allows card issuers, white label ATMs to take direct membership in CPS. What is expansion of CPS?
A) Central payment systems
B) Centre payment systems
C) Central paid systems
D) Central pay systems
E) Central process systems
Answer: A) Central payment systems
- The Reserve Bank of India (RBI) said it will allow non-bank payment system operators like Prepaid Payment Instrument(PPI) issuers, card networks, White label ATM operators and Trade Receivables Discounting System (TReDS) platforms regulated by itself, to take direct membership in central payment systems (CPS).
- The central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).
- Only banks and few other players were allowed to take direct membership of CPS.
- The RBI will allow payment banks to hold Rs 2 lakh as end day balance as opposed to
Rs 1 lakh earlier.
- This has been done to further financial inclusion and to expand the ability of payments banks to cater to the growing needs of their customers.
- Furthermore, the governor in his statement said, since migration towards interoperability has not been significant, hence the RBI has proposed to make interoperability mandatory for full-KYC PPIs and for all payment acceptance infrastructure.
- And, in order to incentivize them to migrate to full KYC, the RBI has increased the current limit on the outstanding balance in such PPIs from Rs 1 lakh to Rs 2 lakh.
- RBI decides to open up RTGS, NEFT facilities for payment system operators.
- In a major move in the online payments segments, the Reserve Bank of India (RBI) has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and NEFT.
- Membership in Centralised Payment Systems (CPS) — RTGS and NEFT — for entities other than banks are so far limited to banks, with a few exceptions, such as specialised entities like clearing corporations and select development financial institutions.
RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%:
- The Reserve Bank of India kept key policy rates unchanged as the economy faces a renewed threat to growth from the Covid-19 pandemic, with new cases hitting a record.
- Repo rate and the reverse repo rate remain unchanged at 4 per cent and 3.35 per cent.
- The central bank also retained its growth outlook for the fiscal year started April 1 at 10.5%, unchanged from its February outlook.
RBI to set up panel to undertake comprehensive review of ARCs:
- To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank decided to set up a panel to undertake a comprehensive review of the working of such institutions.
- In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets.
- After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies.
RBI to set up panel to undertake comprehensive review of ARCs:
- Since then, ARCs have grown in number and size but their potential for resolving stressed assets is yet to be realised fully, RBI Governor Shaktikanta Das said while announcing the first bi-monthly monetary policy for the current financial year.
Deadline of on-tap TLTRO scheme extended by six months:
- The RBI has extended the deadline of the on-tap Targeted Long-Term Repo Operation (TLTRO) scheme by six months up to September 30,to increase the focus of its liquidity measures on revival of activity in specific sectors.
- To nurture the revival of activity in sectors that have multiplier effects on growth, the Reserve Bank had announced on-tap TLTRO with tenors of up to three years for a total amount of up to ₹1-lakh crore at a floating rate linked to the policy repo rate in October 2020.
Deadline of on-tap TLTRO scheme extended by six months:
- The liquidity availed by banks under the scheme is to be deployed in corporate bonds, commercial paper, and non-convertible debentures issued by the entities in five sectors (agriculture, agri-infrastructure, secured retail, micro, small and medium enterprises/ MSMEs, and drugs, pharmaceuticals and healthcare) over and above their investments in these instruments as on September 30, 2020.
- Moreover, to enable banks to exploit the synergies between central bank liquidity under on-tap TLTRO scheme and the Emergency Credit Line Guarantee Scheme 2.0 (ECLGS 2.0) of the Central government, the RBI expanded the scope of the on-tap TLTRO in December 2020 to all stressed sectors identified by the Kamath Committee, in addition to the five sectors announced earlier in October 2020.
- In February 2021, the RBI allowed lending by banks to NBFCs under the TLTRO on-tap scheme for incremental lending to specified stressed sectors.
RBI proposes mandatory interoperability for full-KYC PPIs:
- The Reserve Bank of India has proposed to make interoperability mandatory for full-KYC prepaid instruments (PPIs) and for all payment acceptance infrastructure.
- The RBI had issued guidelines in October 2018 for adoption of interoperability on a voluntary basis for full-KYC PPIs
- To incentivise the migration of PPIs to full-KYC, it is proposed to increase the current limit on outstanding balance in such PPIs from ₹1 lakh to ₹2 lakh
RBI to provide ₹50,000-cr refinance to all-India financial institutions:
- The Reserve Bank of India (RBI) will provide refinance aggregating ₹50,000 crore to All India Financial Institutions (AIFIs).
- The National Bank for Agriculture and Rural Development will get ₹25,000 crore, National Housing Bank ₹10,000 crore, and Small Industries Development Bank of India ₹15,000 crore.
RBI sets up G-SAP for orderly G-Sec market:
- The Reserve Bank of India (RBI) has decided to put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve amid comfortable liquidity.
- In the first quarter, the central bank will be conducting G-SAP aggregating ₹1-lakh crore
- The first auction under G-SAP aggregating ₹25,000 crore will be conducted on April 15, 2021.
RBI – Allow card issuers, white label ATMs to take direct membership in CPS.
4. Payments bank deposit limit hiked to how much amount by RBI?
A) Rs 8 lakh
B) Rs 5 lakh
C) Rs 4 lakh
D) Rs 3 lakh
E) Rs 2 lakh
Answer: E) Rs 2 lakh
- In a bid to give a fillip to digital payments banks, the Reserve Bank of India (RBI) today announced that it has hiked the maximum end of day balance for payment banks to Rs 2 lakh from Rs 1 lakh.
- As per the Statement on Development and Regulatory Policies: The extant “Guidelines for Licensing of Payments Banks” issued on November 27, 2014 allow payments banks to hold a maximum balance of Rs 1 lakh per individual customer. Based on a review of performance of payments banks and with a view to encourage their efforts for financial inclusion and to expand their ability to cater to the needs of their customers, including MSMEs, small traders and merchants, it has been decided to enhance.
- Payment banks are savings account that can offer deposit services but cannot offer loans and advances to the customers. Some of the examples of the payment banks are: Paytm Payments Bank.
5. Who is appointed as brand ambassador of Vivo?
A) Suryakumar Yadav
B) Virat Kohli
C) Prithvi Shaw
D) Hardik Pandya
E) Prasidh Krishna
Answer: B) Virat Kohli
Virat Kohli – Brand ambassador of Vivo.
6. Who is appointed as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI)?
A) W Ramann
B) S Ramann
C) R Ramann
D) V Ramann
E) P Ramann
Answer: B) S Ramann
- The government has appointed S Ramann as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI).
- The appointment is for a period of three years from the date of his assuming the charge or until further orders.
- Ramann, a 1991-batch Indian Audit & Accounts Service officer, is currently the CEO of National E-Governance Services Ltd, India’s first Information Utility.
S Ramann – SIDBI Chairman & MD.
SCIENCE AND TECHNOLOGY
8. Which IIT developed an advanced technique to boost the overall performance of rechargeable lithium ion batteries used in electric vehicles?
Answer: E) IIT-Guwahati
- Researchers of IIT-Guwahati have developed an advanced technique to boost the overall performance of rechargeable lithium ion batteries used in electric vehicles, the premier engineering technology institute said.
- The technique can precisely estimate the state of charge (SOC), which reflects the remaining capacity of the battery.
- This helps in knowing how much more charge can be withdrawn before the battery gets fully discharged.
IIT Guwahati – Develop technique to boost performance of lithium ion battery.
9. India and which country signs Mou for Academic and Research Cooperation and Exchange?
Answer: A) Japan
India + Japan – Academic and Research Cooperation and Exchange.
10. Govt approves how much amount PLI scheme for air-conditioners, LED lights?
A) Rs 6,238 cr
B) Rs 3,238 cr
C) Rs 2,238 cr
D) Rs 1,238 cr
E) Rs 7,238 cr
Answer: A) Rs 6,238 cr
- The government approved a production linked incentive (PLI) scheme for white goods – Air Conditioners and LED Lights – with a budgetary outlay of Rs 6,238 crore.
- The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi.
- The prime objective of the scheme is to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies.
- It is designed to create a complete component ecosystem in India and make India an integral part of the global supply chains.
- The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially.
- The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights
- It is estimated that over five years, the scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 1,68,000 crore, exports worth
Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore and create additional four lakh direct and indirect employment opportunities.
- Goyal said that the scheme would help in increasing value addition from 25 per cent to 75 per cent in the AC segment and 40-45 per cent in LED lights.
- About Rs 35 lakh crore worth of additional output is expected from 13 sectors, which avail PLI benefits in the next five years
Cabinet clears Rs 4,500-cr PLI scheme for solar PV modules manufacturing:
- The Union Cabinet approved a production linked incentive (PLI) scheme with an outlay of Rs 4,500 crore to add 10,000 MW capacity of integrated solar PV modules manufacturing plants.
Govt – Rs 6,238 cr PLI scheme for air-conditioners, LED lights.
11. Ladakh Administration, Leh Hill Council and Solar Energy Corporation of India sign MoU to set up how many MW solar power project at Taru in Leh district?
A) 50-Mega Watt
B) 20-Mega Watt
C) 10-Mega Watt
D) 40-Mega Watt
E) 80-Mega Watt
Answer: A) 50-Mega Watt
- In a step towards making Ladakh a carbon-neutral zone a tripartite Memorandum of Understanding was signed.
- AIR correspondent reports that Union Territory Administration, Leh Hill Council and Solar Energy Corporation of India Limited (SECI Ltd) have signed MoU to set up a 50 MW solar power project at Taru in Leh district.
- Ladakh has a potential of 33GW of renewable energy to contribute nation’s efforts in reducing carbon emissions. UT Administration, Leh Hill Council and Solar Energy Corporation of India have signed 1st MoU to harness Solar energy with a 50 MW project at Taru in Leh.
Ladakh Administration + Leh Hill Council and Solar Energy Corporation of India – Set up 50-Mega Watt solar power project at Taru in Leh district
12. The Confederation of Indian Industry (CII) will partner which state government to carry out an infrastructure gap analysis for a development roadmap for the state?
C) Tamil Nadu
D) Uttar Pradesh
E) Andhra Pradesh
Answer: B) Punjab
The Confederation of Indian Industry (CII) + the Punjab government –
Carry out an infrastructure gap analysis for a development roadmap for the state.
13. Which Ministry and Department of Animal Husbandry sign MoU for research on new formulations in quality drugs for veterinary science?
A) Ministry of Women
B) Ministry of Education
C) Ministry of Women
D) Ministry of Health
E) Ministry of AYUSH
Answer: E) Ministry of AYUSH
- An Memorandum of Understanding (MoU) was signed between the National Medicinal Plants Board (NMPB), Ministry of AYUSH and Department of Animal Husbandry and Dairying today for research on new formulations in quality drugs for veterinary science through medicinal herbs.
- The initiative involves capacity building in related areas through training, exploring marketing possibilities for herbal veterinary medicines on a sustainable basis and providing for services including cultivation, preservation and conservation of medicinal plants.
- The MoU was signed by Dr J.L.N. Sastry, Chief Executive Officer, National Medicinal Plants Board, Ministry of AYUSH and Shri Upamanyu Basu, Joint Secretary, Department of Animal Husbandry & Dairying in presence of Vaidya Rajesh Kotecha, Secretary, Ministry of AYUSH and Shri Atul Chaturvedi, Secretary, Department of Animal Husbandry & Dairying in presence of other senior officers from both the organisations.
- The Ministry of AYUSH will support Department of Animal Husbandry for developing curriculum and courses for AYUSH herbal veterinary education programs, identifying potential medicinal plant species used in veterinary medicine and provide their standards, training and awareness program on Good Agricultural Practices (GAPs)& Good Field Collection Practices (GFCPs) etc., development of Good Manufacturing Practices (GMPs) for manufacturing of AYUSH/herbal veterinary medicines, skill development and capacity building, facilitate and render financial assistance for plantations and nursery development for medicinal plants, facilitate standardizing norms for medicinal plants, assist establishing research and testing centers as per scope of the Scheme.
- The Department of Animal Husbandry will support Ministry of AYUSH for its expert technical opinion for essentiality, desirability and feasibility with respect to Ayurvedic medicines.
- The Department will create awareness with support of NDDB among dairy farmers and agro-farmers about utilization and importance of herbal veterinary medicine and cultivation of medicinal herbs, develop course curriculum for Ayurveda and its allied subjects in veterinary medicine, identify list of priority livestock and poultry diseases of economic importance with respect to research activity or application of veterinary Ayurveda and allied streams, support farmers for undertaking cultivation and conservation of medicinal plants and related activities, support identify opportunities for scientific and technological collaboration to research institute (Veterinary Colleges and ICAR research institutes).
MoU Signed between Ministry of AYUSH + Department of Animal Husbandry –
Research on new formulations in quality drugs for veterinary science.