Daily GK Update: 10th September 2021

By Stuti Mishra|Updated : September 10th, 2021

 National & International Appointments

1. V. Vaidyanathan re-appointed as MD & CEO of IDFC First Bank

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  • V. Vaidyanathan has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of IDFC First Bank with effect from December 19, 2021.
  • His appointment is approved by RBI for a further period of three years.
  • He first took charge as the MD & CEO of IDFC FIRST Bank in December 2018, after the merger of IDFC Bank and Capital First.
  • Headquarters of IDFC First Bank: Mumbai
  • IDFC FIRST bank received universal banking licence from RBI in July 2015.

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 Important Dates

2. World Suicide Prevention Day: 10th September

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  • World Suicide Prevention Day (WSPD) is observed every year on 10 September to provide worldwide commitment and action to prevent suicides through various activities around the world.
  • It was first introduced in 2003.
  • Theme 2021: Creating hope through action.
  • It is hosted by International Association for Suicide Prevention (IASP), World Health Organization (WHO) and World Federation for Mental Health (WFMH).

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 Honours & Awards

3. IIT Madras retains top spot in overall category of NIRF India Ranking 2021

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  • Union Minister, Dharmendra Pradhan has virtually released 6th edition of NIRF India Rankings 2021, that ranks higher educational institutions based on criteria to promote competitive excellence.
  • List of Winners
    • Overall Winner: IIT Madras
    • Best University: IISc Bangalore
    • Management: IIM, Ahmedabad
    • College: Miranda House, Delhi
    • Pharmacy: Jamia Hamdard, Delhi
    • Medical: AIIMS, Delhi
    • Engineering: IIT, Madras
    • Architecture: IIT, Roorkee
    • Law: NLSUI, Bengaluru

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 National Affairs

4. Jal Shakti Ministry launches Swachh Survekshan Grameen 2021

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  • Jal Shakti Ministry has virtually launched Swachh Survekshan Grameen 2021 under Swachh Bharat Mission (Grameen) Phase II at an event organized by Dept of Drinking Water and Sanitation (DDWS)
  • DDWS had commissioned Swachh Survekshan Grameen (SSG) in 2018 and 2019 respectively.
  • 17,475 villages in 698 Districts across India will be covered. 
  • Direct Observation of sanitation in villages including public places: 30%
  • Service Level Progress on sanitation: 35%

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 Honours & Awards

5. ICRISAT awarded 2021 Africa Food Prize

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  • International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has been awarded 2021 Africa Food Prize for improved food security across 13 countries in sub-Saharan Africa at Africa Forum for Green Revolution (AGRF)-2021 Summit
  • ICRISAT: It is a non-profit, non-political public agricultural research for development in Asia and sub-Saharan Africa
  • ICRISAT led a collaboration of partners to deliver the Tropical Legumes Project between 2007 and 2019

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 Banking & Finance

6. Bank of Baroda launches digital banking platform ‘bob World’

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  • Bank of Baroda has launched its digital banking platform named ‘bob World’ to provide all banking services under one roof.
  • Pilot test of this platform began on August 23, 2021.
  • It will converge more than 220 services with an all-inclusive and seamless virtual banking experience, encompassing all digital banking services under one roof for the convenience of customers.
  • MD & CEO of Bank of Baroda: Sanjiv Chadha.
  • Headquarters of BoB: Vadodara.

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 Banking & Finance

7. RBI allows tokenization in Card-on-File services

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  • RBI has allowed two enhancements in card tokenization services. They are as follows:
    • Device-based tokenization framework will now be applicable to Card-on-File Tokenisation (CoFT) services as well. CoF means that the Credit/Debit card details are stored by merchants for ease of payment.
    • Card issuers (banks) to offer card tokenization services as Token Service Providers. It shall be done with explicit customer consent requiring Additional Factor of Authentication

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 National Affairs

8. Centre forms panel to frame new law for drugs, medical devices

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  • Ministry of health and family welfare has constituted 8-member expert committee for framing new laws for drugs, cosmetics and medical devices
  • The new law will replace existing Drugs and Cosmetics Act, 1940 that regulates only import, manufacture, distribution and sale of drugs and cosmetics
  • The new Drugs, Cosmetics and Medical Devices Act will incorporate regulation of medical devices as well
  • It will be chaired by Drugs Controller General of India (DCGI) Dr VG Somani.

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 Banking & Finance

9. CBDT sets up 3 Boards for Advance Rulings to tax disputes

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  • Central Board of Direct Taxes (CBDT) has constituted 3 Boards for Advance Rulings (BAR) to ensure faster disposal of cases and avoid income tax disputes
  • BARs have been made operational from Sep 1, 2021
  • Out of the three BARs, two have been set up in Delhi and Mumbai.
  • Each BAR shall consist of 2 members, each being an officer not below the rank of Chief Commissioner.
  • It will replace Authority for Advance Rulings (AAR).
  • Advance rulings of BAR shall not be binding 

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 Science & Technology

10. Hyderabad gets India’s first indigenous Coal Gasification based Plant

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  • India’s first indigenously designed high ash coal gasification based Methanol Production Plant has been inaugurated at BHEL R&D Centre, Hyderabad.
  • The plant was funded by Department of Science and Technology at the initiative of NITI Aayog, PMO-India and Ministry of Coal.
  • It can create 0.25 ton per day (TPD) Methanol from high ash Indian coal using 1.2 TPD Fluidized bed gasifier.
  • Purity of the crude methanol produced is between 98 and 99.5%.

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 National & International Appointments

11. Govt appoints 10 merchant bankers for managing IPO of LIC

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  • Govt has appointed 10 merchant bankers for managing Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC), which is likely to be launched in January-March quarter 2022
  • Role of merchant bankers in the case of IPO is of Issue management, Promotional activities, Credit syndication, Project counselling, and Portfolio management, etc.
  • Name of these merchant bankers: Goldman Sachs (India), Citigroup India,  SBI Capital Market, ICICI Securities, etc.

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 Agreement

12. ADB approves loan to improve water supply infrastructure in Jharkhand

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  • Asian Development Bank (ADB) and Govt of India have signed $112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in the state of Jharkhand.
  • This is the first project of ADB in Jharkhand.
  • It will help establish a model for continuous water supply combined with policy reforms for a sustainable operation, providing safe drinking water to urban households.

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 Important Dates

13. National Mission for Clean Ganga organised Himalayan Diwas

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  • National Mission for Clean Ganga has organised Himalayan Diwas in association with Naula Foundation.
  • Himalaya Diwas is observed every year on 9th September
  • Himalaya Diwas 2021 theme: Contribution of Himalayas and our responsibilities.
  • Aim: to conserve Himalayan ecosystem and region.
  • It was officially declared as Himalaya Day in 2015 by the then Chief Minister.

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 National Affairs

14. MoHUA launches 'Main Bhi Digital 3.0' campaign

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  • Ministry of Housing and urban Affairs (MoHUA) in collaboration with Ministry of Electronics & Information Technology has launched pilot drive 'Main Bhi Digital 3.0'
  • It is a special campaign for digital onboarding and training for street vendors under PM SVANidhi scheme across 223 cities in India
  • PM SVANidhi was launched in 2020 as a Central Sector Scheme to facilitates working capital loan of up to ₹10,000 with an interest subsidy @7% on regular repayment.

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Daily GK Update: 10th September 2021

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