DAILY GK: 31 JULY 2021
1.CENTRAL
GOVT ALLOWED 100% FDI IN OIL PSUS
• Department
for Promotion of Industry and Internal Trade (DPIIT) issued a press note
stating that a new clause has been added to the FDI (Foreign Direct Investment)
policy for oil and natural gas sector.
• As
per the clause, Central Government has allowed 100% FDI under the automatic
route for oil refiners in case an ‘in-principle’ approval for strategic
disinvestment of a Public Sector Undertaking (PSU) has been granted by it.
• It
should be noted that the government is privatizing Bharat Petroleum Corporation
Ltd. (BPCL) and selling its entire 52.98% stake in the company.
2.27%
SEATS FOR OBCS IN MEDICAL EDUCATION
• The
Ministry of Health & Family Welfare (MoHFW) announced 27% Reservation for
OBCs (Other Backward Classes) & 10% Reservation for EWS (Economically
Weaker Section) in the All-India Quota Scheme (AIQ).
• It
will be applicable for all Medical & Dental courses (both Undergraduate
& Postgraduate) from the academic year 2021-22.
3.1ST
ANNIVERSARY OF NEP 2020
• Prime
Minister Narendra Modi launched several new initiatives to mark the 1st
Anniversary of National Education Policy 2020 (NEP 2020), which was launched on
29th July, 2020.
• NEP
2020 is the 1st education policy of the 21st Century, it replaces the National
Policy on Education, 1986 (NPE, 1986).
Initiative
NDEAR
(National Digital Education Architecture) & NETF (National Education
Technology Forum) To
provide a digital and technological framework to India.
Academic
Bank of Credit System A Digital Bank that holds the
credit earned by a student in any course. It will promote academic mobility and
enable Multiple Entry & Multiple Exit options for students.
SAFAL
(Structure Assessment For Analysing Learning) A
competency-based assessment programme for Grades 3,5 & 8 to assess the
progress of foundational skills and basic learning outcomes.
Vidya
Pravesh A three-month play-based school preparation module
for Grade 1 students. Children and parents of remote areas will have access to
playschools.
4.PRIVATISE
1 GENERAL INSURANCE COMPANY
• The
Union Cabinet has approved the amendment in the General Insurance Business
Nationalisation Act (GIBNA), 1972 to facilitate the privatisation of 1 General
Insurance Company in the public sector.
• Currently
there exist 4 general insurance companies in the public sector such as National
Insurance Company Ltd (NICL), New India Assurance Company (New India) Ltd,
Oriental Insurance Company Ltd (OICL), and the United India Insurance Company
Ltd (UIICL).
5.‘INDRA
NAVY-21’ EXERCISE
• The
12th Edition of Biennial bilateral maritime Exercise ‘INDRA Navy-21’ was held
between the Indian Navy & Russian Federation Navy in the Baltic Sea.
• The
Bilateral Exercise INDRA has been held between India & Russia since 2003.
6.
NATIONAL FARMERS DATABASE
• Narendra
Singh Tomar stated that the Central Government is planning to create a National
Farmers Database using digitized land records.
• The
Agriculture ministry has already started the work of creating ‘Agristack’ – a
digital ecosystem of agriculture.
7.
RBI CANCELLED THE LICENSE OF MADGAUM UCB
• The
Reserve Bank of India (RBI) cancelled the license of Madgaum Urban Co-operative
Bank Limited, Margao, Goa due to its inadequate capital and earning prospects
to pay its present depositors in full.
• The
bank is also prohibited from conducting the ‘banking’ business (including
acceptance of deposits and repayment of deposits) as defined in Section 56 of
the Banking Regulation (BR) Act, 1949.
8.
IAF INDUCTS RAFALAE INTO EASTERN AIR COMMAND
• Indian
Air Force (IAF) formally inducted the Rafale Aircraft into the 101 Squadron of
the Eastern Air Command (EAC) at Hasimara Air Force, West Bengal.
