DAILY GK: 11, 12 JULY 2021
1.ANNUAL
CONFERENCE ON “ROAD DEVELOPMENT IN INDIA”
• Nitin
Gadkari virtually participated in the 16th Annual Conference on “Road
Development in India”.
• The
conference was organised by India Infrastructure Publishing, a leading provider
of information on the infrastructure sectors.
• Objective
– To discuss emerging trends in roadways & with special focus on import
substitution, cost-effective, pollution-free alternative fuel.
• India
surpassed its targets and constructed over 13,000 km of national highways in
2020-21, averaging 37 km per day.
• Indian
Government will invest 1.4 trillion dollars (Rs 111 lakh crores) in
infrastructure development through the National Infrastructure Pipeline (NIP)
2.‘VIDYA
BALAN FIRING RANGE’
• Indian
Army named a military firing range in Gulmarg, Jammu and Kashmir as “Vidya
Balan Firing Range”.
• This
comes as a move to honour the veteran Bollywood actress Vidya Balan, for her
varied accomplishments in the field of Cinema & as a woman.
• Notably,
she was the only actor to join the Academy of Motion Pictures Arts and
Sciences, the governing body behind the Oscars.
3.MARITIME
PARTNERSHIP EXERCISE WITH ITALIAN NAVY
• Indian
Naval Ship (INS) Tabar participated in a Maritime Partnership Exercise with ITS
Antonio Marceglia, a frontline frigate of the Italian Navy, in the Tyrrhenian Sea.
• They
conducted a wide range of naval operations including – Air defence procedures,
replenishment at sea, communication drills and cross deck helo operations by
day and night.
4.RBI
ISSUED 10-YEAR G-SEC AT HIGHER CUT-OFF YIELD
• Reserve
Bank of India (RBI), issued the new 10-year Government Security (G-Sec) (that
would mature in 2031), at a cut-off yield of 6.10 percent per annum, higher
than the earlier cut-off yield of 5.85 percent.
• RBI
sold 3 auctions such as New 10-year G-Sec 2031 at 6.10 percent (for Rs 14,000
crore), 2023 G-Sec at 4.3 percent (Rs 3,000 crore), and 2061 G-Sec at 7.18
percent (for Rs 9,000 crore).
5.FINANCE
MINISTRY SCRAPPED LIC’S CHAIRMAN POST
• Department
of Financial Services (DFS), Ministry of Finance, removed the position of
chairman from the IPO (Initial Public Offer) bound – Life Insurance Corporation
of India (LIC) and replaced it with Managing Director (MD) and Chief Executive
Officer (CEO), by making amendments over the LIC Act 1956.
• The
MD and CEOs will be appointed by the Central Government under section 4 of the
LIC Act 1956.
6.LARGEST
CRUDE OIL SUPPLIER TO INDIA IN 2020
• As
per the 70th edition of BP’s report named ‘Statistical Review of World Energy
2021’, the United States (US) became the 4th largest supplier of crude oil and
natural gas to India in 2020.
• Even
though the US has started exporting oil to India in 2017, its supply accounted
for about 5 percent of India’s total imports of 204 million tonnes in 2020.
• TOP 4 CRUDE OIL SUPPLIER TO INDIA IN 2020:
S.No. Country Oil Supplied (million tonnes)
1. Iraq 47
2. Saudi
Arabia 38
3. United
Arab Emirates (UAE) 22
4. US 10.7
7.INDIA
1ST ‘DIGITAL KENDRA’
• Amazon
India launched its 1st ‘Digital Kendra’ in Krushi Bazar (APMC Market), Surat,
Gujarat as part of its commitment to digitize 10 million Indian micro, small
and medium enterprises by 2025.
• In
January 2020, Amazon had announced a USD 1 billion (over INR 7,000 crore)
investment in India to help bring small and medium businesses online and
committed to export USD 10 billion worth of India-made goods by 2025.
8.BOOK
“THE RAMAYANA OF SHRI GURU GOBIND SINGH JI”
• PM
Narendra Modi received the first copy of the book “The Ramayana of Shri Guru
Gobind Singh Ji” authored by Late Baljit Kaur Tulsi, from KTS Tulsi, Member of
Parliament(MP) (Rajya Sabha – Chhattisgarh) and son of Baljit Kaur Tulsi.
• The
book was published by Indira Gandhi National Centre for the Arts(IGNCA).
