Table of Contents
Here is the Daily GK Update of 14th January 2021 covering the following news headlines: Tesla, Kyrgyzstan, IRDAI, AIIMS Bhubaneswar, Armed Forces Veterans Day, Fire Park.
Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 14th January 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
International News
1. Sadyr Japarov wins the presidential election in Kyrgyzstan
- The frontrunner in Kyrgyzstan’s presidential election, Sadyr Japarov, has won by a landslide. According to the Central Election Commission, Mr Japarov had won 79% of votes cast.
- Mr Japarov, who served time in jail for taking a rival hostage, will also have sweeping new presidential powers after voters by a similar margin opted to amend the constitution in a referendum.
- Kyrgyzstan has been in crisis since parliamentary elections last October. The results of those elections were disputed, leading to protests and the resignation of then-President Sooronbay Jeenbekov.
Important takeaways for all competitive exams:
- Kyrgyzstan Capital: Bishkek;
- Kyrgyzstan Currency: Kyrgyzstani som.
State News
2. Naveen Patnaik inaugurates India’s first ‘Fire Park’ in Bhubaneswar
- The Chief Minister of Odisha, Naveen Patnaik virtually inaugurated a first of its kind ‘Fire Park’, to educate and bring awareness on basic fire safety measures among the people, particularly the students.
- The ‘Fire Park’ is located inside the premises of the Odisha Fire and Disaster Academy in Bhubaneswar.
- The minister also launched an online portal, ‘AgnishamaSeva’ of Odisha Fire Service.
- The fire park will facilitate demonstrations on use of first aid fire-fighting equipment, rescue and disaster operations, visit the exhibition hall, screening of films and distribution of leaflets on fire safety.
Important takeaways for all competitive exams:
- Chief Minister of Odisha: Naveen Patnaik.
- Odisha Capital: Bhubaneswar.
- Odisha Governor: Ganeshi Lal.
Schemes and Committees News
3. RBI forms six-member working group to regulate digital lending frauds
- The Reserve Bank of India (RBI) has set up a working group to study digital lending activities of the regulated and unregulated players, due to the growing instances of frauds in digital lending space.
- The group will suggest steps to regulate digital lending including online lending platform and mobile lending.
- The group will evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities.
The six-member panel comprises of following four RBI internal and two external members:
- Jayant Kumar Dash, Executive Director, RBI (Chairman)
- Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision (Member)
- P Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI (Member)
- Manoranjan Mishra, Chief General Manager, Department of Regulation (Member Secretary)
- Vikram Mehta, Co-founder, Monexo Fintech (External Member)
- Rahul Sasi, Cyber Security Expert & Founder of CloudSEK (External Member)
4. IRDAI sets up panel to examine availability of health insurance products
- Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has set up a panel of experts called ‘Health Insurance Advisory Committee’ to examine the availability of health insurance products in the country, considering the need of the Indian society and recommend suitable products and processes.
- The expert committee will be headed by IRDAI Chairperson, Subhash Chandra Khuntia and will have a Member (Non-Life) as the vice-chairperson. The committee, which has a term of one year.
Important takeaways for all competitive exams:
- IRDAI Founded: 1999.
- IRDAI Headquarters: Hyderabad, Telangana.
Economy News
5. BofA Securities Projects GDP of India to Contract 6.7% in FY21
- The BofA Securities expects the GDP growth of India for the current financial year 2020-21 to contract by 6.7 per cent.
- Apart from this, BofA Securities has projected the Indian economy to grow at 9 per cent in 2021-22 if the vaccine distribution is done in the first half of the new fiscal year, but it expects GDP growth prospects at just at 6 per cent if the distribution is delayed to the second half of 2021-22 (October-March).
Important takeaways for all competitive exams:
- BofA Securities Headquarters: New York, New York, United States.
- BofA Securities Parent organization: Bank of America.
- BofA Securities Founded: 1 January 2009.
- BofA Securities CEO: Brian T Moynihan.
6. UBS Projects GDP of India at -7.5% in 2020-21
- Swiss brokerage major UBS Investment Bank has projected the Indian economy to contract 7.5 per cent in the current fiscal FY21, ending March 2021.
- UBS further expects the economy to rebound at 11.5 per cent in FY22. For the FY23, GDP growth is expected to stabilise at 6 per cent.
7. Nomura Estimates India’s GDP to contract 6.7% in FY21
- The Japanese brokerage Nomura has revised upward, the GDP forecast for India in 2020-21 and now expects it to contract to 6.7 per cent.
- Nomura has further projected the GDP of India to rise to 13.5 per cent in FY22 (2021-22).
Important takeaways for all competitive exams:
- Nomura President and Group CEO: Kentaro Okuda.
Agreements News
8. NITI Aayog and Flipkart collaborate to enhance WEP
- NITI Aayog and Flipkart, have come together to launch the revamped Women Entrepreneurship Platform.
- The Women Entrepreneurship Platform (WEP) is a unified access portal which brings together women from different parts of India to realise their entrepreneurial aspirations.
- The idea of the platform was first mooted by Amitabh Kant, CEO, NITI Aayog who announced the setting-up of a Women Entrepreneurship Platform in NITI Aayog at the conclusion of the 8th Global Entrepreneurship Summit (GES) held in Hyderabad in 2017, with an overarching theme of ‘Women first, prosperity for all’.
Important takeaways for all competitive exams:
- NITI Aayog Formed: 1 January 2015.
- NITI Aayog Headquarters: New Delhi.
- NITI Aayog Chairperson: Narendra Modi.
- Flipkart headquarters: Bengaluru, Karnataka.
- Flipkart CEO: Kalyan Krishnamurthy.
Awards News
9. AIIMS Bhubaneswar receives Kayakalp Award for 3rd time
- The All India Institutes of Medical Sciences (AIIMS) in Bhubaneswar has proved its mettle once again for promoting cleanliness, hygiene and creating sustainable practices in public health facilities by winning the Kayakalp Award Scheme.
- AIIMS Bhubaneswar will get an award of Rs 2 crore for the performance. The institute has been adjudged as the best central government hospital under B category for cleanliness for a third consecutive year.
- It had earlier received the award in 2018 as well as in 2019 for becoming second cleanest hospital in the country among category B hospitals (less than 1000 beds) and received Rs one crore as prize money.
Ranks and Reports News
10. India ranks 4th in ‘Break Out Economies’
- Rapidly digitalising India was ranked 4th in “Break Out Economies” in the third edition of the Digital Evolution Scorecard developed by Tufts University’s Fletcher School in partnership with Mastercard.
- China which leads the countries in the “Break Out Economies” group is more evolved digitally due mainly to its combination of rapidly growing demand and innovation.
- Third rank Indonesia, and India, which ranks number four in momentum, have displayed increasing digital momentum suggesting the potential to rapidly digitalise for both post-COVID economic recovery and longer-term transformation.
Important Days
11. Armed Forces Veterans Day: 14 January
- In India, the Armed Forces Veterans Day is observed each year on 14 January since 2017 to acknowledge and honour the selfless devotion and sacrifice of our veterans in the service of the nation. The day was initially called Armistice Day. 2021 marks the 5th Armed Forces Veterans Day.
- The day is observed as a mark of respect and recognition of the services rendered by Field Marshal KM Cariappa OBE, the first Indian Commander-in-Chief of the Indian Armed Forces who retired on 14 January 1953.
Obituaries News
12. Social Activist and Padma Shri Awardee D Prakash Rao passes away
- Noted social activist and Padma Shri winner, D Prakash Rao has passed away. He was basically a tea seller based in Cuttack, who spent his entire earning to educate slum children, through the school ‘Asha O Ashwasana’, which he started in 2000.
- He was conferred with the prestigious Padma Shri award in 2019 for his contribution towards boosting the value of education among slum kids in Cuttack. Apart from this, Rao was also a well-known blood donor.
Miscellaneous News
13. Tesla sets up India subsidiary in Bengaluru
- Elon Musk-owned electric vehicle (EV) company Tesla has registered a fully-owned subsidiary in Bengaluru, Karnataka.
- Tesla, the world’s most valued carmaker has incorporated a fully owned subsidiary ahead as a first step to set up an R&D unit and a manufacturing plant for its electric vehicles in the country.
- Tesla’s global senior director David Jon Feinstein, chief accounting officer Vaibhav Taneja and Bengaluru-based entrepreneur Venkatrangam Sreeram are on the board of the India unit, Tesla India Motors and Energy Pvt Ltd.
- The office, situated on Lavelle Road in Bengaluru, is registered with a total paid-up capital of Rs 1,00,000 and authorised share capital of Rs 15 lakh.
Important takeaways for all competitive exams:
- Tesla Founded: 1 July 2003.
- Tesla Headquarters: California, United States.
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14th January Current Affairs 2021 | Current Affairs Today | Daily Current Affairs 2021
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