Table of Contents
Here is the Daily GK Update of 19th February 2021 covering the following news headlines: Production Linked Incentive, Mahabahu-Brahmaputra, Georgia, Maa Samaleswari Shrine, International Financial Services Centres.
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 19th February 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
National News
1. Cabinet approves PLI scheme for telecom sector worth Rs 12,195 crore
- The Union Cabinet approved a Rs 12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access network, wireless equipment and other IoT access devices.
- Through this decision, the government aims to offset the imports of telecom equipment worth more than Rs 50,000 crore and reinforce it with “Made in India” products both for domestic markets and exports.
- The support under the PLI scheme will be provided to companies manufacturers of specified telecom and networking products in India like Gigabit Passive Optical Networks (GPON), base routers, Dense Wavelength Division Multiplexing (DWDM), Multiprotocol Label Switching (MPLS/ IPMPLS) and 5G/4G radios.
- The government will soon come up with a PLI scheme to encourage the production of laptops and tablet PCs.
2. Prime Minister launches ‘Mahabahu-Brahmaputra’ initiative in Assam
- Prime Minister Narendra Modi has virtually launched ‘Mahabahu-Brahmaputra’ initiative in Assam. He laid the foundation stone for the Dhubri Phulbari bridge. PM also perform the bhumi puja for the construction of Majuli Bridge in Assam.
- PM has announced the details stated that the landmark day in the development journey for Assam as Mahabahu-Brahmaputra initiative is going to be launched.
- Mahabahu-Brahmaputra initiative is going to be marked with the inauguration of the Ro-Pax vessel operations.
- The Ro-Pax vessel operations will be launched in between the Neamatighat & Majuli, Dhubri-Hatsingimari and North-South Guwahati. This initiative also includes the inauguration of the Inland Water Transport Terminal at Jogighopa. The initiative will also be marked with the inauguration of various tourist jetties at four locations in order to promote the river tourism and employment across the state.
Important takeaways for all competitive exams:
- Assam CM: Sarbananda Sonowal.
- Assam Governor: Jagdish Mukhi.
International News
3. Georgian Prime Minister Giorgi Gakharia resigns
- The Prime Minister of Georgia, Giorgi Gakharia has announced his resignation. The 45-year-old Gakharia served as the Prime Minister from 8 September 2019 to 18 February 2021.
- He was stepping down because of disagreements within his own team over the decision to arrest Nika Melia, chairman of the United National Movement opposition party.
Important takeaways for all competitive exams:
- Georgia Capital: Tbilisi; Currency: Georgian lari.
State News
4. ‘Snakepedia’ mobile app launched in Kerala
- A team of scientists, doctors and photographers in Kerala have launched a mobile application named “Snakepedia”, that will present all relevant information on snakes, to help the public as well as doctors in treating snake bites.
- The main aim of the app is to help the public identify snakes, avail proper treatment on time for snakebites, bust myths about snakes, and protect snakes as well as snakebite victims.
- The android mobile application documents information on snakes with the help of pictures, infographics and podcasts and analyses its first aid, treatment, myths and superstitions.
Important takeaways for all competitive exams:
- Kerala CM: Pinarayi Vijayan.
- Kerala Governor: Arif Mohammad Khan.
5. Odisha Govt announced Development Package for Maa Samaleswari Shrine
- The state government of Odisha, under Chief Minister Naveen Patnaik, has launched the development work for the SAMALEI Project (Samaleswari Temple Area Management and Local Economy Initiatives), to offer the divine experience to tourists & devotees.
- The project involves the development of 108 acres of land in & around the 16th-century shrine of Maa Samaleswari, the presiding deity of western Odisha.
- Odisha Government has announced a package of Rs 200-crore for 2021-22 fiscal for the implementation of the project. The project will be implemented under MoSarkar5T and will focus on the beautification of the temple & economic development of local people.
- It will include the development of amenities for devotees inside the 12-acre temple premises and development of four tall heritage welcome gates.
Important takeaways for all competitive exams:
- Chief Minister of Odisha: Naveen Patnaik.
- Odisha Capital: Bhubaneswar.
- Odisha Governor: Ganeshi Lal.
Banking News
6. RBI permits residents to make remittances to IFSCs under LRS
- The Reserve Bank of India has permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country.
- The decision of the RBI is aimed at deepening the financial markets in the IFSCs and providing an opportunity for resident individuals to diversify their portfolios.
- The RBI has reviewed the extant guidelines on LRS and decided to permit resident individuals to make remittances under LRS to IFSCs set up in India under the Special Economic Zone Act, 2005.
- The remittance shall be made only for making investments in IFSCs in securities, other than those issued by entities/companies resident (outside IFSC) in India. Any funds lying idle in the account for a period up to 15 days from the date of its receipt into the account shall be immediately repatriated to domestic INR account of the investor in India.
Important takeaways for all competitive exams:
- RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
- India’s first IFSC: Gujarat International Finance Tec-City.
Economy News
7. Oxford Economics Revises India’s GDP to 10.2% for 2021
- The global forecasting firm Oxford Economics has revised India’s economic growth projection for the Calendar year 2021 to 10.2 per cent, compared to a previous estimate of 8.8 per cent.
- The reason for the upward revision is the receding COVID-19 risks and the shift in the monetary policy outlook.
- Oxford Economics is headquartered in Oxford, United Kingdom and has 6 office locations across 5 countries. It provides global forecasts and analysis to predict and manage economic risk.
Appointments News
8. Ajai Malhotra becomes first Indian chairperson at UNHRC advisory
- Ajai Malhotra became the first Indian to be elected as the Chairperson of the United Nations Advisory Committee of the Human Rights Council. He has been on the Indian team negotiating issues such as biological diversity, climate change, desertification, education, energy, forestry, health, human rights, human settlements, intellectual property, international law, labour, ozone depletion, sustainable development and trade.
- Malhotra first joined the Indian Foreign Services in 1977. Malhotra has previously served as ambassador to Russia, Kuwait, Ambassador and Deputy Permanent Representative to the United Nations, New York and Romania.
Important takeaways for all competitive exams:
- Human Rights Council Founded: 15 March 2006.
- Human Rights Council President: Nazhat Shameem.
- Human Rights Council Headquarters: Geneva, Switzerland.
Science and Technology News
9. Hyundai Develops Ultimate Mobility Vehicle ‘TIGER X-1’
- Hyundai Motor Company has launched a Transformer-like robocar dubbed as TIGER X-1, that can travel over the most challenging terrains on the Earth as well as on other planets.
- TIGER stands for Transforming Intelligent Ground Excursion Robot, and the X-1 denotes its experimental status.
- The Ultimate Mobility Vehicle (UMV) TIGER is being developed by Hyundai in partnership with Autodesk and Sundberg-Ferar.
- Tiger is designed as a battery-electric vehicle, comprising of a small pod with four wheels on extendable legs. it will be able to operate as either a four-wheel-drive vehicle or four-legged walking robot.
- The vehicle is unscrewed, meaning that its, main use will be to carry payloads over remote and inaccessible locations, and not the people
- It will help in search and rescue, scientific research, military, or exploratory missions (even on new planets).
Important takeaways for all competitive exams:
- Hyundai Motor Company Founder: Chung Ju-Yung.
- Hyundai Motor Company Founded: 29 December 1967, Seoul, South Korea.
Sports News
10. Chris Morris becomes IPL’s most expensive player
- Former Royal Challengers Bangalore (RCB) superstar and South African all-rounder Chris Morris shattered all records at the Indian Premier League (IPL) 2021 auction in Chennai. Rajasthan Royals went all-out for the South African all-rounder Morris, buying him for a whopping INR 16.25 crore.
- Morris, who was declared surplus to requirement by the Virat Kohli-led side after the conclusion of the IPL 2020 last year, turned out to be the most expensive player bought in the history of the cash-rich tournament.
11. South Africa’s Faf du Plessis retires from Test cricket
- Former captain of South Africa, Faf du Plessis has announced his retirement from Test cricket.
- The 36-year-old made his Test debut in November 2012 and played a total of 69 games in the longest format.
- He scored 4163 runs in his Test career, at an average of 40.02, with 10 centuries and 21 fifties.
12. Kings XI Punjab renamed as Punjab Kings ahead of IPL auction
- The IPL Franchise, Kings XI Punjab has formally been renamed as Punjab Kings ahead of the Indian Premier League auction. The new brand name and logo of the team was officially released by the management.
- The Punjab-based IPL franchise ‘Punjab Kings‘ is co-owned by Bollywood actress Preity Zinta, along with businessman Ness Wadia, Mohit Burman and Karn Paul. The side is currently led by batsman KL Rahul, with former Indian captain Anil Kumble as its head coach.
Obituaries News
13. Former Union Minister Captain Satish Sharma passes away
- Veteran Congress leader and former Union Minister Captain Satish Sharma passed away. He served as the Union Minister of Petroleum and Natural Gas from 1993 to 1996 in the Narasimha Rao government.
- Captain Satish Sharma was a close aide of former prime minister Rajiv Gandhi. He was a three-time Lok Sabha MP, representing Rae Bareli and Amethi constituencies and Rajya Sabha member for three terms representing the states of Madhya Pradesh, Uttarakhand and Uttar Pradesh.
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19th February 2021 Current Affairs | Current Affairs Today | Daily Current Affairs 2021
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