Current Affairs for BANK, IBPS Exams -10 March 2021

Current Affairs for BANK, IBPS Exams - 10 March 2021

::NATIONAL::

PM releases Manuscript with commentaries by 21 scholars on shlokas of SrimadBhagavadgita

Prime Minister, NarendraModi released a Manuscript with commentaries by 21 scholars on shlokas of SrimadBhagavadgita. Jammu & Kashmir Lt. Governor ManojSinha was also present on the occasion along with Dr Karan Singh, the Chairman Trustee of Dharmarth Trust, J&K..
Speaking on the occasion, the Prime Minister lauded the work done by Dr. Karan Singh on Indian philosophy. He added that his effort has revived the identity of Jammu and Kashmir, which has led the thought tradition of the entire India for centuries.
He said thousands of scholars have dedicated their whole lives for in depth study of the Gita, which can be clearly seen in the analysis of different interpretations on every verse of a single scripture and the expression of so many mystics. He added that it is also a symbol of India's ideological freedom and tolerance, which motivates every person to have his own viewpoint.
The Prime Minister said AdiShankaracharya, who united India, saw the Gita as a spiritual consciousness. Saints like Ramanujacharya had put forth the Gita as an expression of spiritual knowledge. For Swami Vivekananda, Gita has been a source of unwavering diligence and indomitable confidence.
For Sri Aurobindo, the Gita was a true embodiment of knowledge and humanity. Gita was a beacon in Mahatma Gandhi's most difficult times.
The Gita has been the inspiration of NetajiSubhash Chandra Bose's patriotism and valor. This is the Gita, which was explained by BalGangadharTilak and gave new strength to the freedom struggle.

Uttarakhand Chief Minister Trivendra Singh Rawat resigns

Nine days before completion of four years at the head of a BJP government in Uttarakhand, Trivendra Singh Rawat resigned as Chief Minister Tuesday, saying the time had come to pass on the baton.
With Uttarakhand scheduled to go to Assembly polls next year and growing disquiet in the state party unit over his style of functioning, Rawat, who returned from New Delhi Tuesday after meeting BJP president JP Nadda, handed over his resignation letter to Governor Baby Rani Maurya at 4.15 pm.
The Governor accepted Rawat’s resignation and asked him to continue on the post until a successor takes charge. A meeting of the BJP legislature party has been called Wednesday morning to elect the next Chief Minister.
Asked about the reason for his resignation, Rawat said: “Yehsamuhiknirnayhotahaiauriskabahutacchhajawabaapko Delhi jaanapadegauskeliye (A collective decision is made. And for an appropriate answer, you will have to go to Delhi).”

Printed Study Materials for IBPS, SBI Bank Exam

::International::

World Bank: Improved connectivity between India and Bangladesh can bring substantial gains in national income, trade

Improved transport connectivity between India and Bangladesh could increase India’s export by 172 percent while Bangladesh export to India could almost rise 3 times.
A World Bank report on the challenges and opportunities of transport integration in Eastern South Asia says that seamless transport connectivity between India and Bangladesh has the potential to increase national income of Bangladesh by 17 percent and 8 percent in India.
Pointing out the scale of bilateral trade, the report says that it accounts for 10 percent of Bangladesh trade while it is just about 1 percent for India. It calls for enhancing bilateral trade by removing tariff and non-tariff barriers.
World Bank Country Director for Bangladesh and Bhutan Mercy Tembon says that geographically Bangladesh is placed as a strategic gateway to India, Nepal, Bhutan and other East Asian countries. Bangladesh can become an economic powerhouse by improving regional trade, transit and logistics networks. Commending the increase in bilateral trade between India and Bangladesh, Mercy Tembom points out that the trade is still USD 10 billion below its current potential.
World Bank Country Director for India Junaid Ahmad says in the report that the realisation of the developmental potential of the two countries requires investment in connectivity. Citing problems in transit of trucks through Bangladesh territory, the report points out that it adds substantially to time of transportation and cost. The report says that all districts in Bangladesh would benefit from integration while Indian states bordering Bangladesh will also gain substantially with seamless connectivity.

::Economy::

NITI Aayog and RMI release 'Mobilising Electric Vehicle Financing in India' report

India’s transition to electric vehicles (EV) will require a cumulative capital investment of $266 billion (₹19.7 trillion) in EVs, charging infrastructure, and batteries over the next decade, according to a report by NITI Aayog and Rocky Mountain Institute (RMI).
In their ‘Mobilising Electric Vehicle Financing in India’ report, they assessed that the market size of financing of EVs would be $50 billion (₹3.7 trillion) in 2030—about 80% of India’s retail vehicle finance industry’s current size worth $60 billion (₹4.5 trillion) today.
“The need of the hour is to mobilize capital and finance towards EV assets and infrastructure. As we work towards accelerating the domestic adoption of EVs and push for globally competitive manufacturing of EVs and components like advanced cell chemistry batteries, we need banks and other financiers to lower the cost and increase the flow of capital for electric vehicles,” said Amitabh Kant, CEO, NITIAayog.

CAG GC Appointed Murmu as chairman of panel of external auditors of United Nations

The CAG of India was initially elected as Chairman of the Panel for 2020.
Comptroller and Auditor General of India (CAG) Girish Chandra Murmuhas been re-appointed as the Chairman of the Panel of External Auditors of the United Nations for the year 2021.
The CAG of India was initially elected as Chairman of the Panel for 2020.
Presently, the panel consists of 13 countries -- India, Germany, Chile, China, United Kingdom, France, Philippines, Switzerland, Italy, Ghana, Indonesia, Canada and Russia.
As the Chairman, the CAG of India plays a key role in achieving the Panel's objective of greater degree of collaboration and coordination, and exchange of information on audit methods and findings, among the Panel members, said an official statement.
"CAG leads the Panel as a distinctive forum to support the delivery of high quality, standards-based assurance, to ensure that reported financial information provides a transparent and accurate basis for the financial decisions made by the United Nations and its Specialized Agencies," the statement said.

::SCIENCE AND TECH::

ISRO Develops Radar for Joint Earth Observation Satellite Mission with NASA

The Indian Space Research Organization (ISRO) ticked off an important job from their to-do list. They created an S-band Synthetic Aperture Radar (SAR) that will be used in the world's first earth observation satellite using two radars. This mission is a joint effort with NASA and the ISRO-made radar was shipped to them recently.
This is a part of an agreement that was signed by NASA administrator Charles Bolden and the then ISRO chairman named K Radhakrishnan on September 30, 2014, in Toronto, Canada.
Known appropriately as the 'NISAR' satellite, this will be integrated with the L-band one that is being developed by the American space giant. As soon as the integration is done, NASA will send it back to ISRO who will then launch it into space with the GSLV MK-II rocket.
Speaking to the Times of India, ISRO chairman K.Sivan talked about how the radar was flagged off from the Space Applications Centre in Ahmedabad. "NASA will integrate our S-band and its L-band radar and send the integrated module back to India in the first quarter of next year and the complete satellite will be ready by 2022-end," he said.
Further, he added that NISAR will be launched in the early part of 2023.
Weighing around 2800 kg, this satellite is touted to be the world's most expensive ever. The total cost project is Rs 788 crore from ISRO's end and about $808 million from NASA (approximately over Rs 5000 crores). NISAR will have an imaging swath that will be greater than 240 km. An imaging swath is the width of the strip of the data collected along the length of the orbit track of the satellite.

::Sports::

Koneru Humpy won the BBC Indian Sportswomen of the Year Award for 2020

The 33-year-old beat sprinter Dutee Chand, airgun shooter Manu Bhaker, wrestler VineshPhogat and India hockey captain Rani Rampal to the award.
Humpy is the World Rapid Chess champion having won the title in December 2019 after a two-year maternity break. In 2020, she won the Cairns Cup, an elite-level tournament for the top female players.