Current Affairs for BANK, IBPS Exams - 10 February 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 10 February 2021


The Rajya Sabha passed a bill to regulate unauthorized colonies in Delhi

  • The Upper House of the Parliament today passed the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2020 by voice vote. It was introduced by Minister for Housing and Urban Affairs of India, Hardeep Singh Puri, for extending the time period available with the Government for regularization of unauthorized colonies.
  • The Government had enacted the NCT of Delhi Laws (Special Provisions) Second Act, 2011, with the following objectives:
  • relocating slum dwellers and Jhuggi-Jhopri clusters in Delhi in accordance with the provisions of the Delhi Shelter Improvement Board Act, 2010 and the Delhi Shelter Improvement Board Act, 2010 and the Master Plan for Delhi, 2021
  • regularizing unauthorized colonies in Delhi
  • creating a policy or plan for farm houses constructed beyond permissible building limits in Delhi
  • Not taking any punitive action and minimising inconvenience to the people of Delhi in case of any demolition or sealing of structures under the Master Plan for Delhi.

India, Afghanistan sign MoU to build Shahtoot Dam in Kabul

  • Due to Corona epidemic, the whole world has suffered a lot on the economic issue. India is continuously helping its friend Afghanistan. 
  • On Sunday, India sent five lakh doses of Corona vaccine to Afghanistan. Meanwhile, Prime Minister Narendra Modi and Afghanistan President Ashraf Ghani participated in the virtual summit. 
  • The mulberry project dam has been signed between the two countries.
  • PM Modi said that today we are going to set another milestone in the long road of friendship between India and Afghanistan. India and Afghanistan are not only connected with geography but our history and our culture have also been interlinked and have been influencing each other. 
  • India and Afghanistan have signed an agreement on the Mulberry Project Dam. The mulberry dam being built at a cost of US $ 286 million will be constructed in the capital city of Kabul, which is going to be built by India.

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The U.S. Senate declared Trump's impeachment trial constitutional

  • The Senate wrapped up initial arguments afternoon and is set to begin hearing evidence Wednesday in Donald Trump's impeachment trial after rebuffing arguments by the former president’s lawyers that the entire proceeding was unconstitutional and lacked due process.
  • Trump’s lawyers – David Schoen and Bruce Castor – contended Tuesday there is no legal justification to hold a trial for a president who is no longer in office. But senators sided with House managers prosecuting the case – as well as a wide swath of legal experts – that the Senate is bound to hold a trial considering Trump was impeached before he left office.
  • The vote was 56-44 with six Republicans joining every Democrat to go forward with the trial.
  • Wednesday is expected to be the first opportunity for impeachment managers, the House Democrats prosecuting the case, to present what they say is new evidence to convict the former president on a single article that he incited a pro-Trump mob to storm the Capitol on Jan. 6.


Supreme Court approves SBI MF's plan to distribute Rs 9,122 crore to Franklin Templeton unitholders

  • The Supreme Court clarified that SBI Funds Management, an asset management company of the SBI Mutual Funds, will distribute Rs 9,122 crore to the unitholders of the Franklin Templeton Trusts Services’ six mutual fund schemes that were wound up on April 23.
  • It also approved the distribution plan submitted by the SBI asset management company and allowed it to become a party in the case.
  • A bench comprising justices SA Nazeer and Sanjiv Khanna modified its February 2 order where a clerical error had crept in with regard to the name of the disbursing entity. It then posted the matter for final hearing on February 17.
  • SBI Funds Management, a JV between SBI and AMUNDI Asset Management, on Monday had sought permission to submit the mechanism for distribution of proceeds of the six wound up schemes and also sought protection from any liability arising from such distribution exercise. It submitted that it would rely solely on the data/amounts provided by FT for effecting the distribution. Being the principal, FTMF, its trustees and management will be responsible to their investors including the issues arising out of the distribution, it said in its affidavit.
  • The apex court had on February 2 entrusted the SBI Mutual Funds to carry out the disbursement of money to 3 lakh investors of the six debt MFs in “proportion to their respective interest in the assets of the scheme” within 20 days.

HDFC Bank invites applications from entrepreneurs for SmartUp grant

  • HDFC Bank is inviting applications from startups and solo entrepreneurs for its SmartUp grants. SmartUp grants by HDFC Bank under #Parivartan, the bank's umbrella CSR brand, is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country.
  • This year, the bank will focus on startups creating social impact at scale in sectors such as Education technology (ed-tech) and skill development, among others.
  • To screen, mentor, and monitor startups, HDFC Bank has partnered with nine startup incubators registered with Govt of India's MeitY platfrom. 
  • The nine incubators are from premier institutes and include: IIT Delhi, IIT BHU, AIC BIMTECH Noida, IIM Kashipur, GUSEC Gujarat, C-CAMP Bangalore, Banasthali University Jaipur, Villgro Incubation Chennai, and T-Hub Hyderabad.

::Science and tech::

UAE Unmanned Space Probe Enters Mars Orbit

  • The United Arab Emirates’ first mission to Mars has entered the red planet’s orbit after a seven-month, 494 million kilometres (307 million miles) journey, allowing it to start sending data about the Martian atmosphere and climate.
  • Officials at mission control broke into applause on Tuesday, visibly relieved after a tense half-hour as Amal, Arabic for hope, carried out a “burn” to slow itself enough to be pulled in by the Martian gravity.
  • “To the people of the UAE, to the Arab and Muslim nations, we announce the successful arrival to Mars orbit. Praise be to God,” said Omran Sharaf, the mission’s project manager.
  • Amal had to perform a series of turns and engine firings to manoeuvre into orbit, reducing its speed to 18,000kmph (11,200mph) from more than 121,000kmph (75,000mph).
  • Probes launched by China and NASA just after the UAE’s lift-off in July last year are also set to reach the planet this month.
  • The Emirates Mars Mission, which has cost approximately $200m, launched the Hope Probe from a Japanese space centre.
  • The Mars programme is part of the UAE’s efforts to develop its scientific and technological capabilities and reduce its reliance on oil. Its space agency has a plan for a Mars settlement by 2117.


England beat India in first Test 

  • England beat India by 227 runs in the first test match at the MA Chidambaram Stadium in Chennai on Tuesday. The visitors put a mammoth total of 420 runs. 
  • India were bundled out for 192 runs in their second innings, as wickets fell like nine pins to some great reverse swing by James Anderson (3/17) and fine spin bowling by Jack Leach (4/76).

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