DAILY CA: 29 OCT 2021
1. SC APPOINTS
3-MEMBER EXPERT PANEL TO INVESTIGATE ON PEGASUS SPYWARE USAGE
·
A Supreme Court (SC) bench headed by Chief Justice of
India (CJI) N V Ramana instituted a 3-member expert panel to
investigate the issue on usage of ‘Pegasus Spyware’ on Indian Citizens
during 2019.
·
3-member expert panel includes Naveen Kumar Chaudhary – He is a Cyber Security expert ,Prabaharan
P –Expertise in Malware detection & Critical infrastructure security, Ashwin
Anil Gumaste – currently an Associate Professor in IIT Bombay.
2. “SAMBHAV” TO
PROMOTE ENTREPRENEURSHIP IN INDIA
·
Narayan Tatu Rane, Union Minister of Micro, Small
& Medium Enterprises (MSME) launched ‘SAMBHAV’ an
e-national level Awareness programme 2021 to promote the role of
entrepreneurship towards the development of India.
·
SAMBHAV will be a one-month-long initiative under the
Ministry of MSME(MoMSME).
·
Under this programme, the students from colleges and
ITIs from across India will be encouraged by 130 field offices of the MoMSME to
take up entrepreneurship.
3. RBI’S
HOLDING OF GOLD IN FOREX RESERVES INCREASED 11% Y-O-Y
·
The Reserve Bank of India (RBI) released its 37th half
yearly report namely ‘Management of Foreign Exchange Reserves:
April-September 2021’ stating an increase in apex bank’s holding of
gold in foreign exchange reserves by about 11% (year-on-year) to 743.84 metric
tonnes as on September-end 2021.
·
451.54 metric tonnes of gold is held overseas in safe
custody with the Bank of England and the Bank for International
Settlements (BIS), while 292.30 metric tonnes of gold is held
domestically.
4. TIMES HIGHER
EDUCATION’S WORLD REPUTATION RANKINGS 2021
·
4 Indian institutes have made it to the Times Higher
Education(THE)’s World Reputation Rankings 2021, the annual ranking of
THE that features the top 200 universities based on the votes from leading
academics across the globe.
·
Indian Institute of Science (IISc) Bengaluru
ranked among the top 100(91-100) has topped the Indian Institutes.
·
The other 3 Indian institutes are the Indian Institute
of Technology(IIT) Bombay, the Indian Institute of Technology(IIT) Delhi, and
the Indian Institute of Technology(IIT) Madras.
·
Harvard University of the United States of America (USA)
has topped the 2021 ranking followed by Massachusetts Institute of Technology (MIT),
USA and University of Oxford from the United Kingdom(UK) has secured the
2nd and 3rd rank respectively.
5. K V KAMATH
AS CHAIRPERSON OF NABFID
·
The government appointed K V Kamath, as chairperson of
the newly set up Rs 20,000 crore National Bank for Financing
Infrastructure and Development (NaBFID), a newly set up
Development Financial Institution (DFI) in India, Department of
Financial Services (DFS), under the finance ministry.
·
National Bank for Financing Infrastructure and
Development (NaBFID) Bill 2021 supports the development of
long-term non-recourse infrastructure financing in India, including the
development of the bonds and derivatives markets necessary for infrastructure financing.
6. PM MODI
RECONSTITUTED THE 7 MEMBER EAC TO PM FOR 2 YEARS
·
Prime Minister (PM) Narendra Modi has approved to
reconstitute the 7 member Economic Advisory Council (EAC) to the Prime
Minister (EAC-PM) following the end of its tenure in September
2021.
·
The EAC-PM has been reconstituted for a period of two
years or until further orders.
·
Noted economist and NITI Aayog member Bibek
Debroy will continue as the Chairman of the reconstituted EAC-PM.
·
PM Modi has inducted 3 new part-time members for a
period of 2 years, they are,Rakesh Mohan, former deputy governor of Reserve
Bank of India, T.T Ram Mohan, Professor of IIM Ahmedabad, Poonam Gupta,
Director-General of National Council of Applied Economic Research (NCAER).
·
EAC-PM was set up in September 2017 with a term of two years,
and was reconstituted previously in 2019.
·
It was established replacing the erstwhile PMEAC
headed by former Reserve Bank of India (RBI) governor C. Rangarajan during the
term of former PM Manmohan Singh.
·
Functions of EAC-PM:
1. To analyse
any issue, economic or otherwise, referred to it by the PM and advise him.
2. Address the
issues of macro-economic importance and present the views to the prime
minister.
3. Attend to
any other task as may be desired by the PM.
7. RBI APPROVES
APPOINTMENT OF BALDEV PRAKASH AS J&K BANK MD & CEO
·
The Reserve Bank (RBI) has approved the
appointment of Baldev Prakash as the next Managing
Director and Chief Executive Officer (CEO) of Jammu
& Kashmir (J&K) Bank.
·
Jammu & Kashmir Bank Tagline: ‘’Serving
to Empower’’.
8. INDIA
SUCCESSFULLY TEST-FIRES AGNI 5 MISSILE OFF THE COAST OF ODISHA
·
India successfully test-fired nuclear-capable Inter-Continental
Ballistic Missile (ICBM) Agni-5, which has a strike range of 5,000
km, from Dr Abdul Kalam island off the Odisha coast.
·
The Agni series of ballistic missiles and warplanes
such as Rafales, Sukhoi-30s and Mirage-2000s can deliver nuclear warheads.
9. INTERNATIONAL
ANIMATION DAY 2021 – OCTOBER 28
·
International Animation Day (IAD) is annually
observed across the globe on October 28th to commemorate the
first public performance of projected moving images at Reynaud’s Theatre
Optique in Paris, France on 28th October 1892.
