Current Affairs for BANK, IBPS Exams - 04 October 2021

::National::

Kamdhenu Deepawali 2021 campaign launched

Kadhenu Deepawali 2021 campaign was launched to manufacture and market more than 100 Crore Cow dung based Deepak lamps and Laxmi-Ganesh Idols. DrVallabhbhaiKathiria, former Cabinet Minister and former Chairman of RashtriyaKamdhenuAayog organized a National Webinar with his team launching KamdhenuDepawali. Fisheries & Animal Husbandry Minister ShriParushottamRupala participated in the event joined by Cow Entrepreneurs and Cow lovers across India. Meeting, Webinars and Training programs for KamdhenuDeepawali also got started in every State.
Kamdhenu Deepawali is to make Cows to be economically useful by proper economic use of Cow Dung and Cow Urine too along with its Milks, Curd, Ghee. More than 300 items are getting made now byPanchgavya from Cow. This includes Deepawali items too like – Deepak, Lamps, Candles, Sambrani cup, Havansamagri, Dhoopbatti, incense sticks, Hard board, Wall piece, Laxmi-Ganesh idols etc made up of Cow dung.
The Gomaya lamps made by Cow Entrepreneurs and Cow owners will save the environment by providing eco-friendly alternative to chemical based Chinese lights. Last year Crores of Cow dung Deepak, lamps were manufactured across India. RashtriyaKamdhenuAayog provided training along with many Volunteer organizations across India. This gave rise to large number of Cow dung based Start Ups. This time the campaign is committed to take the initiative to higher levels. Cow Entrepreneurs across India will get benefitted by this campaign. This Eco friendly campaign will also help Gaushalas to become Self Sustainable. This will empower Prime Minister’s vision of ‘StartUp India’, ‘Aatmnirbhar Bharat’ too.
Dr. VallabhbhaiKathiria told that we have generated interest of farmers, unemployed, Self Help Groups, Youth and Women entrepreneurs in Cow dung based Start Ups through various National campaigns. Result is visible through so many Start Ups of Panchgavya products. ShriNeerajChowdhary, young Entreprenur from Uttarakhand demonstrated in webinar how to make Cow dung based lamps and Laxmi Ganesh idols within minute. He also exhibited wide range of Cow dung based products. He presented Name plate of Cabinet Minister ParshottamRupalaJi which was made up of Cow dung. He also talked about the training program that his organization is providing for Cow dung based products.

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::International::

Indian team leaves for Sri Lanka's joint exercise Mitra Shakti 21

From October 4 to 15, the eighth iteration of the India-Sri Lanka bilateral joint exercise Mitra Shakti will be held at the Combat Training School in Ampara, Sri Lanka.
The exercise would include an all-arms contingent of 120 Indian Army personnel and a battalion from the Sri Lankan Army, according to a statement from the Ministry of Defence.
The statement suggests that the exercise's goal is to establish closer ties between the military of both countries, improve interoperability, and share best practices in counter-insurgency and counter-terrorism operations.
According to the ministry, the exercise will involve tactical level operations at the sub-unit level in an international counter-insurgency and counter-terrorism environment.
It will go a long way in further strengthening the relationship between the two South Asian nations and will act as a catalyst to bring synergy and cooperation at the grassroots level between both Armies.
The Mitra Shakti is a combined military exercise between the Indian and Sri Lankan forces. It's also known as the Joint Training Exercise between India and Sri Lanka. Mitra Shakti-VII, the last iteration of the Mitra Shakti exercise, took place in Pune from December 1 to 14, 2019. It is one of India's most major joint military exercises with other nations.

::Economy::

Amish Mehta is the new MD and CEO of CRISIL

S&P-owned domestic rating firm Crisil on Thursday announced elevation of Amish Mehta as the new Managing Director and Chief Executive Officer with effect from October 1 in place of AshuSuyash.
Suyash has decided to step down to set up her own venture, the company said in a statement, adding that the change is in line with an announcement to this effect by the company board in July 2021.
Mehta has more than two decades of leadership experience across industries and joined Crisil in October 2014 as President and Chief Financial Officer.
In July 2017, he was elevated as the President and Chief Operating Officer, responsible for the global analytical centre, India research and SME, the global innovation and excellence hub and corporate strategy.
As the Chief Operating Officer, he led its acquisitions and change agenda while creating a growth path for the businesses managed.
Mehta is a chartered accountant and was the CFO of Indus Towers prior to joining Crisil. Before that he was with BP/Castrol India, EY and ExxonMobil India.

Ministry of Power issues Electricity Rules 2021 to regulate transmission system planning, development and recovery of inter-state transmission charges

The Union Ministry of Power has promulgated the Electricity (Transmission System Planning, Development and Recovery of Inter-State Transmission Charges) Rules 2021.
This paves the way for overhauling of transmission system planning, towards giving power sector utilities easier access to the electricity transmission network across the country.
At present, generating companies apply for long-term access (LTA) based on their supply tie-ups, while medium-term and short-term transmission access is acquired within the available margins. Based on LTA application, incremental transmission capacity is added.
A number of sector developments, such as the increasing focus on renewable energy, and the development of the market mechanism, necessitated a review of the existing transmission planning framework based on LTA.
The rules underpin a system of transmission access which is termed as a General Network Access in the inter-state transmission system. This provides flexibility to the States as well as the generating stations to acquire, hold and transfer transmission capacity as per their requirements.
Thus, the rules will bring in rationality, responsibility and fairness in the process of transmission planning as well as its costs. In a major change from the present system of taking transmission access, power plants will not have to specify their target beneficiaries.
The rules will also empower state power distribution and transmission companies to determine their transmission requirements and build them. Also, states will be able to purchase electricity from short-term and medium-term contracts and optimize their power purchase costs.

::Science and tech::

Study finds Mars' surface got shaped by furious floods from overflowing craters

Massive floods from overflowing crater lakes had an outsized role in shaping the Martian surface, carving deep chasms and moving vast amounts of sediment, suggest a recent study, led by researchers at The University of Texas at Austin.
The findings of the study were published in the journal 'Nature'.
The study found that the floods, which probably lasted mere weeks, eroded more than enough sediment to completely fill Lake Superior and Lake Ontario.
"If we think about how sediment was being moved across the landscape on ancient Mars, lake breach floods were a really important process globally," said lead author Tim Goudge, an assistant professor at the UT Jackson School of Geosciences.
"And this is a bit of a surprising result because they've been thought of as one-off anomalies for so long," Goudge added.
Crater lakes were common on Mars billions of years ago when the Red Planet had liquid water on its surface. Some craters could hold a small sea's worth of water. But when the water became too much to hold, it would breach the edge of the crater, causing catastrophic flooding that carved river valleys in its wake. A 2019 study led by Goudge determined that these events happened rapidly.

::Sport::

India won bronze in Asian Table Tennis Championship

India wrapped up their Asian Table Tennis Championships 2021 campaign in Doha, Qatar with a total of three bronze medals - two of them coming on Monday.
Sharath Kamal Achanta-SatihyanGnanasekaran and ManavThakkar-Harmeet Desai, the two Indian men’s doubles teams in action on the day, lost their respective semi-final clashes and had to settle for bronze medals.
Both losing semi-finalists get bronze in the competition.
The two men’s doubles medals, along with the men’ team bronze won on Friday, made this edition India’s best outing at the continental championship
Olympians Sharath Kamal and G Sathiyan were beaten 3-0 (11-5, 11-9, 13-11) by Japan’s YukiyaUda, a former continental bronze medallist, and Shunsuke Togami.