Current Affairs for BANK, IBPS Exams - 07 October 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 07 October 2021


Center approves setting up of 7 PM Mitra Park in 5 years

  • In order to build an Aatmanirbhar Bharat and to position India strongly on the Global textiles map, the Government has approved the setting up of 7 PM MITRA parks as announced in the Union Budget for 2021-22.
  • PM MITRA is inspired by the 5F vision of Prime Minister. The '5F' Formula encompasses - Farm to fibre; fibre to factory; factory to fashion; fashion to foreign. This integrated vision will help furthering the growth of textile sector in the economy. No other competing nation has a complete textile ecosystem like us. India is strong in all five Fs.
  • The 7 Mega Integrated Textile Region and Apparel Parks (PM MITRA) will be setup at Greenfield / Brownfield sites located in different willing States. Proposals of State Governments having ready availability of contiguous and encumbrance-free land parcel of 1,000-acres along with other textiles related facilities & ecosystem are welcome.
  • Maximum Development Capital Support (DCS) of Rs 500 crore to all Greenfield PM MITRA and a maximum of Rs 200 crore to Brownfield PM MITRA will be provided for development of Common Infrastructure (30 per cent of the Project Cost) and Rs 300 crore of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA park for early establishment of textiles manufacturing units in PM MITRA. State Government supports will include provision of 1,000 Acre land for development of a world class industrial estate.
  • Core Infrastructure: Incubation Centre, and Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House & CETP and other related facilities e.g. Design Centre, Testing Centres etc.
  • Support Infrastructure: Workers’ hostels & housing, logistics park,  warehousing, medical, training & skill development facilities.

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Nobel Chemistry Prize jointly awarded to Benjamin List of Germany and David WC Macmillan of America

  • Many research areas and industries are dependent on chemists’ ability to construct molecules that can form elastic and durable materials, store energy in batteries or inhibit the progression of diseases. This work requires catalysts, which are substances that control and accelerate chemical reactions, without becoming part of the final product. For example, catalysts in cars transform toxic substances in exhaust fumes to harmless molecules. Our bodies also contain thousands of catalysts in the form of enzymes, which chisel out the molecules necessary for life.
  • Catalysts are thus fundamental tools for chemists, but researchers long believed that there were, in principle, just two types of catalysts available: metals and enzymes. Benjamin List and David MacMillan are awarded the Nobel Prize in Chemistry 2021 because in 2000 they, independent of each other, developed a third type of catalysis. It is called asymmetric organocatalysis and builds upon small organic molecules.
  • “This concept for catalysis is as simple as it is ingenious, and the fact is that many people have wondered why we didn’t think of it earlier,” says Johan Åqvist, who is chair of the Nobel Committee for Chemistry.
  • Benjamin List, born 1968 in Frankfurt, Germany. Ph.D. 1997 from Goethe University Frankfurt, Germany. Director of the Max-Planck-InstitutfürKohlenforschung, Mülheim van der Ruhr, Germany.
  • David W.C. MacMillan, born 1968 in Bellshill, UK. Ph.D. 1996 from University of California, Irvine, USA. Professor at Princeton University, USA.


UNCTAD Digital Economy Report 2021 released

  • The COVID-19 pandemic has accelerated the process of digital transformation and added urgency for Governments to respond. A key challenge is how to govern and harness the surge in digital data for the global good.
  • It has been estimated that global Internet traffic in 2022 will exceed all the Internet traffic up to 2016.
  • Data have become a key strategic asset for the creation of both private and social value. How these data are handled will greatly affect our ability to achieve the Sustainable Development Goals. 
  • Determining what the best way forward is will be difficult but necessary. Data are multidimensional, and their use has implications not just for trade and economic development but also for human rights, peace and security. Responses are also needed to mitigate the risk of abuse and misuse of data by States, non- State actors or the private sector.
  • Against this background, I welcome the Digital Economy Report of the United Nations Conference on Trade and Development, which examines the implications of growing cross-border data flows, especially for developing countries. 
  • It proposes to reframe and broaden the international policy debate with a view to building multilateral consensus.
  • It is more important than ever to embark on a new path for digital and data governance. The current fragmented data landscape risks us failing to capture value that could accrue from digital technologies and it may create more space for substantial harms related to privacy breaches, cyber-attacks and other risks.


ISSF Junior Championship: AishwaryaPratap Singh Tomar wins gold

  • Young Indian shooter AishwaryPratap Singh Tomar smashed the world record in the final to win gold in the men's 50m rifle 3 positions event at the ISSF junior world championships here.
  • Tomarequalled the junior world record score of 1185 in qualification to top the field.
  • The youngster then bettered the junior world record in the final with a score of 463.4, finishing nearly seven points ahead of second-placed Frenchman
  • Lucas Kryzs, who won the silver with a score of 456.5.
  • Among other Indians in the field, SanskarHavelia was 11th with a score of 1160, PankajMukheja 15th with 1157, SartajTiwana 16th with 1157 and Gurman Singh finished 22nd with a score of 1153.
  • Earlier in the day, India's 14-year-old shooter NaamyaKapoor fired her way to the gold medal ahead of celebrated compatriot Manu Bhaker in the women's 25m pistol event.
  • Kapoor shot 36 in the final to claim the top prize ahead of France's Camille Jedrzejewski (33) and 19-year-old Olympian Bhakar (31), who has already won three gold so far in the tournament.
  • Bhaker settled for the bronze after the French markswoman prevailed in a shoot-off on Monday.
  • Another Indian shooter in the women's final, Rhythm Sangwan, finished fourth as the country dominated the event.

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