Daily updates 21 January 2021

International News

1. Joe Biden takes oath as 46th US President

• Joe Biden became the 46th president of the United States. He swore the oath of office moments after Kamala Harris, who became America's first woman vice president, turning the page on Donald Trump's tumultuous four years.
• At 78, Biden is the oldest president in US history and only the second Roman Catholic president. Biden, who was vice president under Barack Obama and first ran for president in 1987, plans to kick off his tenure with a flurry of 17 orders.
• Biden will immediately rejoin the Paris climate accord and stop the US exit from the World Health Organization and set new paths on immigration, the environment, Covid-19 and the economy.

State News

2. CM Thakur launches HP's first online youth radio station

• Chief Minister Jai Ram Thakur has launched Himachal Pradesh's first online youth radio station ''Radio Hills-Youngistan Ka Dil''.
• The Chief Minister appreciated the efforts of young entrepreneurs. The developer of the online radio Karan, and Radio Jockeys Palak, Rahul and Nidhi were also present on the occasion.
• The online radio would go a long way in promoting the culture and traditions of the state, besides providing an opportunity to the youth to exhibit their talents. The founders of the online radio, Deepika and Saurabh.

Important takeaways for all competitive exams:

• Chief Minister of HP: Jairam Thakur; Governor of HP: Bandaru Dattatraya.

3. Gujarat to Rename Dragon Fruit as ‘Kamalam’

• The Gujarat state government has renamed dragon fruit as ‘Kamalam’. The move has kept the internet in splits and many criticized it using the hashtag #SanskariFruitSabzi.
• As per Gujarat Chief Minister, the dragon fruit has been renamed Kamalam because of the shape of the fruit.
• The state government has applied for the patent of the fruit named Kamalam. This was announced at the launch of the Chief Minister Horticulture Development Mission.
• The Horticulture Development Mission is a scheme to promote horticulture in the unproductive regions of the state as well.

Important takeaways for all competitive exams:

• Gujarat Chief Minister: Vijay Rupani.
• Gujarat Governor: Acharya Devvrat.

Defence News

4. Indo-French Exercise Desert Knight-21 begins

• Indian Air Force and French Air and Space Force are conducting a bilateral Air exercise, Ex Desert Knight-21 in Jodhpur, Rajasthan.
• The exercise marks an important milestone in the series of engagements between the two Air forces. It is unique as it includes fielding of Rafale aircraft by both sides and is indicative of the growing interaction between the two premiers Air Forces.
• The French side will participate with Rafale, Airbus A-330 Multi-Role Tanker Transport, A-400M Tactical Transport aircraft and approximately 175 personnel.
• The Indian Air Force aircraft participating in the exercise will include Rafale, Mirage 2000, Sukhoi-30 MKI among other aircraft.

Important takeaways for all competitive exams:

• France President: Emmanuel Macron.
• France Capital: Paris.
• France Currency: Euro.

Appointments News

5. Govt appoints Siddhartha Mohanty as managing director of LIC

• The Appointments Committee of the Cabinet has appointed Siddhartha Mohanty as the managing director of India’s largest insurer Life Insurance Corporation (LIC) from February 1 onwards.
• He is currently CEO of LIC Housing Finance Limited. He will serve as the MD of LIC till his superannuation on June 30, 2023. He will be replacing TC Suseel Kumar, who is set to retire on January 31, 2021.
• LIC has four MDs and one chairman. Currently, MR Kumar is serving as the chairman of the corporation and TC Suseel Kumar, Vipin Anand, Mukesh Kumar Gupta, and Raj Kumar are serving as the MDs of LIC.

Important takeaways for all competitive exams:

• Life Insurance Corporation Founded: 1 September 1956.
• Life Insurance Corporation Headquarters: Mumbai.

6. ACC appoints Sanjeev Kumar as new CMD of TCIL

• The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sanjeev Kumar as the new Chairman & Managing Director (CMD) of Telecommunications Consultants India Limited (TCIL).
• According to an order from the Department of Personnel & Training (DoPT), Kumar has been appointed to the post for a period of five years from the date of assumption of the charge of the post, or till the age of superannuation, or until further orders, whichever is earlier. He is currently serving as Director (Technical) in Mahanagar Telephone Nigam Limited (MTNL).
• Telecommunications Consultants India Limited (TCIL) is a Miniratna PSU under the administrative control of the Department of Telecommunications, Ministry of Communications. TCIL, a premier telecommunication consultancy and engineering company is making available its vast and varied telecom expertise to friendly developing countries.

Important takeaways for all competitive exams:

• Telecommunications Consultants India Limited Founded: 1978.
• Telecommunications Consultants India Limited Headquarters: New Delhi.

7. Sundaram Finance names Rajiv Lochan as MD

• The board of Sundaram Finance has named Rajiv Lochan (director Strategy) as managing director with effect from April 1. Sundaram Finance Ltd has made top-level changes as the current managing director T.T. Srinivasaraghavan will be retiring on March 31, 2020.
• While the current deputy managing director Harsha Viji will assume the office of executive vice-chairman, and take responsibility for the overall strategy and direction of Sundaram Finance Ltd., and other group companies in financial services.

Important takeaways for all competitive exams:

• Sundaram Finance Ltd Founded: 1954.
• Sundaram Finance Ltd Founder: T.S.Santhanam.
• Sundaram Finance Ltd Headquarters: Chennai, Tamil Nadu.

Summits and Conferences News

8. India, Singapore sign pact on submarine rescue support

• The 5th edition of the Defence Ministers’ Dialogue (DMD) between India and Singapore was successfully held on 20 January 2021 through a video conference, in an effort to deepen military cooperation.
• During the meeting, the ‘Implementing Agreement on Submarine Rescue Support and Cooperation’ was signed between the two Navies. The agreement was signed between Defence Minister Rajnath Singh and his Singaporean counterpart Dr Ng Eng Hen.

Important takeaways for all competitive exams:

• Singapore Currency: Singapore dollar.
• Capital of Singapore: Singapore.
• PM of Singapore: Lee Hsien Loong.

Banking News

9. ICICI Bank launches ‘InstaFX’ mobile app

• ICICI Bank has launched a new mobile application ‘InstaFX’ for authorised money changers to help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly. ICICI is the bank is the first in the country to offer such facility to money changers.
• A money changer is a person or organization whose business is the exchange of coins or currency of one country, for that of another.
• The ‘InstaFX’ app will enable the authorised money changers, who are partners of the Bank, to complete the KYC verification and validation of customers digitally and on a real-time basis.
• The ‘ICICI Bank Forex Prepaid Card’ gets activated swiftly within a few hours, as against the industry practice of up to two-days, thus it will significantly improve customer convenience, even if they are not customers of ICICI bank.

Important takeaways for all competitive exams:

• ICICI Bank Headquarters: Mumbai, Maharashtra.
• ICICI Bank MD & CEO: Sandeep Bakhshi.
• ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

10.  Airtel Payments Bank launches ‘Airtel Safe Pay’

• To protect Airtel customers from the growing incidents of online payment frauds, Airtel Payments Bank has launched ‘Airtel Safe Pay’, a safe way to pay digitally.
• With ‘Airtel Safe Pay’, Airtel customers making UPI or net banking-based payments through Airtel Payments Bank, no longer have to worry about money flowing out of their accounts without their explicit consent.
• An India-First innovation, ‘Airtel Safe Pay’ leverages Airtel’s ‘telco exclusive’ strength of network intelligence to provide an additional layer of payment validation, compared to the industry norm of two-factor authentication.
• This offers the highest level of protection from potential frauds such as phishing, stolen credentials or passwords, and even phone cloning that catches customers unaware.
• Using ‘Airtel Safe Pay’, Airtel Payments Bank customers can make secure digital payments across millions of merchants, online retailers and utilities, and even send money.

Important takeaways for all competitive exams:

• Airtel Payments Bank CEO: Anubrata Biswas.
• Airtel Payments Bank Headquarters Location: New Delhi.
• Airtel Payments Bank Founded: 2017.
• Airtel Payments Bank Parent organization: Bharti Airtel.

Ranks and Reports News

11. NITI Aayog Releases India Innovation Index 2.0

• NITI Aayog released the second edition of the India Innovation Index on 20 January 2021, along with the Institute for Competitiveness.
• India Innovation Index 2.0 or 2nd edition has released by NITI Aayog Vice-Chairman Rajiv Kumar. The index demonstrates the government's continued commitment towards transforming the country into an innovation-driven economy. The report examines the innovation capabilities and performance of the states and union territories.
• The innovation index ranking is based on five enabler parameters (‘Human Capital’, ‘Investment’, ‘Knowledge Workers’, ‘Business Environment’, ‘Safety and Legal Environment’), and two performance parameters (‘Knowledge Output’ and ‘Knowledge Diffusion’).
• In the ‘Major States’ category, Karnataka occupied the top position, followed by Maharashtra and Tamil Nadu respectively.
• In UT and city-states category, Delhi topped followed by Chandigarh.
• Under the ‘North-Eastern/Hill States’ category, Himachal Pradesh emerged as the top state.

Obituaries News

12. Former Arunachal Governor Mata Prasad passes away

• Former Arunachal Governor Mata Prasad has passed away at the age of 95.
• He served as minister in the Congress government in Uttar Pradesh in 1988- 89 and appointed as Governor of Arunachal Pradesh in 1993.

Miscellaneous News

13. Howrah-Kalka Mail Renamed as “Netaji Express”

• One of the oldest trains of Indian Railways, the Howrah-Kalka Mail has been renamed as the ‘Netaji Express’.
• Indian Railways have renamed the train just a few days before the birth anniversary of Netaji Subhash Chandra Bose on January 23. 
• Howrah-Kalka Mail was started in the 19th Century as one of the early commercial passenger train services in India.
• The Kalka mail has always been popular for connecting Howrah with Kalka and has enjoyed steady patronage.
• It is believed that Netaji took this train from Bihar’s Gomoh after escaping from his house in Kolkata in the year 1941.

14. JSW Sports signs cricketer Rishabh Pant to manage commercial interests

• Rishabh Pant was signed by JSW Sports, the sports arm of JSW Group. The multi-year association between the two parties will see JSW Sports manage all commercial interests and marketing rights of the 23-year-old cricketer, who most recently played a starring role in India's magnificent Test series win in Australia.
• As part of the association, JSW Sports will manage the athlete's image positioning and all his commercial engagements, including brand endorsements and appearances, social media monetisation, and business deals.
• Ever since its inception in 2012, JSW Sports has worked towards maximising India's sporting potential by working with promising Indian talents across Olympic sports, football, and kabaddi; including Olympic medalist Sakshi Malik and wrestling star Bajrang Punia.

Important takeaways for all competitive exams:

• JSW Group Founder: Sajjan Jindal.
• JSW Group Founded: 1982.

Daily updates 13 January 2021

National News

1. First time in history, Union Budget 2021 to be paperless

• Union Budget 2021, slated to be presented on February 1, is going to be completely paperless in the wake of the ongoing coronavirus pandemic.
• This will be the first time since independence that the budget papers will not be printed. The Centre has received permission for the same from both houses of parliament.
• The decision has been taken as several people (approximately 100) would be required to stay at the printing press for around a fortnight amid the COVID-19 fear.
• The budget papers are usually printed at the ministry's in-house printing press in the North Block.
• This year's budget may reportedly witness several conventions being broken as the traditional 'Halwa' ceremony, which is a given every year is also not likely to take place, or a low-key function may be held with limited gathering in attendance.

Important takeaways for all competitive exams:

• Minister of Finance and Corporate Affairs: Nirmala Sitharaman.
• Minister of State in the Ministry of Finance and Corporate Affairs: Anurag Singh Thakur.

State News

2. Manipur: CM Biren Singh virtually inaugurated Cherry Blossom Festival

• The 4th edition of the Cherry Blossom Festival, Mao in Manipur was virtually inaugurated by Chief Minister N Biren Singh.
• However this year, the authority decided to scale down the festival due to the COVID-19 pandemic.
• The Festival featured the picturesque landscape of Mao adorned with beautiful cherry trees laden with blooming flowers which have traditionally attracted visitors from across the world.
• Manipur has been celebrating the festival every year since 2017.
• The festival which featured the picturesque landscape of Mao town adorned with beautiful Cherry Blossom flowers was streamed live from 2 pm on various social media platforms.
• The Mao area of Senapati district in Manipur is known for Cherry Blossom, a plant which is popularly known as Sakura in Japan.

Important takeaways for all competitive exams:

• Chief Minister of Manipur: N. Biren Singh; Governor: Najma Heptulla.

Banking News

3. RBI cancels the licence of Vasantdada Nagari Sahakari Bank

• The Reserve Bank of India (RBI) has cancelled the licence of Maharashtra-based Vasantdada Nagari Sahakari Bank, with immediate effect.
• Vasantdada Nagari Sahakari Bank Ltd will now not be allowed to conduct the business of ‘banking’, including acceptance of deposits and repayment of deposits, with effect from the close of business on January 11, 2021.
• RBI has requested the Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), Maharashtra to issue an order for winding up the bank and appoint a liquidator for the bank.
• The Bank has failed to comply with the requirements of Section 11(1) read with Section 56 of BR Act and thus would be unable to pay its present depositors in full in its current financial position.
• With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra as per the DICGC Act, 1961 will be set in motion.
• Every depositor is entitled to repayment of his/her deposits up to Rs 5,00,000 from the DICGC. More than 99% of the depositors of the bank will get full repayment of their deposits from DICGC.

Important takeaways for all competitive exams:

• Deposit Insurance and Credit Guarantee Corporation Establishment: 1978.
• Deposit Insurance and Credit Guarantee CorporationChairman: Michael Debabrata Patra (Deputy Governor, RBI).
• Deposit Insurance and Credit Guarantee Corporation Headquarter: Mumbai, Maharashtra.
• Reserve Bank of India (RBI) Headquarters: Mumbai, Maharashtra.
• Reserve Bank of India Establishment: 1 April 1935.
• Reserve Bank of IndiaGovernor: Shaktikanta Das.
• Reserve Bank of India Deputy Governors: 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, and M Rajeswar Rao).

4. RBI slaps Rs 2 crore fine on Deutsche Bank for non-compliance

• The Reserve Bank of India has imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain provisions of directions concerning interest rate on deposits.
• The central bank said the statutory inspection of Deutsche Bank's financial position as on March 31, 2019, and the Risk Assessment Report revealed non-compliance with the 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'.
• The action was based on the deficiencies in regulatory compliance and was not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Important takeaways for all competitive exams:

• Deutsche Bank CEO: Christian Sewing.
• Deutsche Bank Headquarters: Frankfurt, Germany.
• Deutsche Bank Founded: 10 March 1870.

Economy News

5. India’s retail inflation drops to 4.59 % in December

• India’s retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed.
• Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.
• Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.
• The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.

Defence News

6. Dr Ajay Kumar co-chairs 13th India-Vietnam Defence Security Dialogue

• The 13th India-Vietnam Defence Security Dialogue was held in a virtual format. The virtual event was co-chaired by Defence Secretary Dr Ajay Kumar along with Vietnamese Sr Lt Gen Nguyen Chi Vinh, Deputy Defence Minister, Socialist Republic of Vietnam.
• Defence Secretary and the Deputy Defence Minister expressed satisfaction at the ongoing defence cooperation between the two countries in spite of the limitations imposed by COVID 19.
• Both countries exchanged views on the plan of action from the recently concluded Virtual Summit between Prime Minister Shri Narendra Modi and Prime Minister of the Socialist Republic of Vietnam H.E. Nguyen Xuan Phuc in December 2020.
• Both the sides reviewed the progress on various bilateral defence cooperation initiatives and expressed commitment to further elevate engagements between the Armed Forces under the framework of the Comprehensive Strategic Partnership.
• Both sides agreed that in the recent past our respective countries have made notable strides in Defence Industry and Technology cooperation and look forward to even greater cooperation in this field.

Important takeaways for all competitive exams:

• Vietnam Capital: Hanoi.
• Vietnam Currency: Vietnamese dong.
• Vietnam Prime Minister: Nguyen Xuan Phuc.

Agreement News

7. Bharat Biotech inks pact with Precisa Med to supply Covaxin to Brazil

• Bharat Biotech has announced that it has signed an agreement with Precisa Medicamentos for the supply of its indigenously manufactured Covid-19 vaccine 'Covaxin' to Brazil.
• The supplies of Covaxin will be prioritized for the public market, through direct procurement by Brazil government.
• A team from Precisa Medicamentos had visited the Bharat Biotech facility in Genome Valley near here last week to discuss export of COVAXIN, India’s first indigenous vaccine for Covid-19.

Important takeaways for all competitive exams:

• Bharat Biotech Founded: 1996.
• Bharat Biotech Headquarters location: Hyderabad.
• Bharat Biotech Executive director: Dr V Krishna Mohan.

Ranks and Reports News

8. India Ranks 85 in Henley Passport Index 2021

• The Henley Passport Index 2021 has been released by Henley & Partners, based on the exclusive data from the International Air Transport Association (IATA).
• As per the latest report, India has been ranked 85th among 110 countries, in the Henley Passport Index for 2021, with a visa-free score of 58.
• The index presents the original ranking of the world’s most powerful passports, according to the number of destinations their holders can access without a prior visa.
• Japan has once again topped the list of being the most powerful passport in the world, for the third consecutive year. Japanese citizens can travel to as many as 191 countries visa-free. Singapore is in second place (190) and South Korea ties with Germany in third place (189). Syria, Iraq and Afghanistan are the countries with the worst passport, with a passport score of 29, 28 and 26 respectively.

Important takeaways for all competitive exams:

• International Air Transport Association Headquarters: Montreal, Canada.
• International Air Transport Association Founded: 19 April 1945.
• International Air Transport Association Leader: William M. Walsh.
• Henley & Partners Headquarters location: London, United Kingdom.
• Henley & Partners Founded: 1997.
• Henley & Partners Chairman: Christian Kalin.
• Henley & Partners CEO: Juerg Steffen.

Summits and Conferences News

9. France hosts 4th One Planet Summit

• The Government of France organised the fourth ‘One Planet Summit’, through videoconferencing, which aimed at protecting the world’s biodiversity.
• The Summit was organised in cooperation with the United Nations and the World Bank.
• The theme of the Summit was “Let’s act together for nature!”.
• It was inaugurated by the Secretary-General of the United Nations António Guterres, French President Emmanuel Macron, and President of the World Bank Group David Malpass.

Important takeaways for all competitive exams:

• France Capital: Paris.
• France President: Emmanuel Macron.
• France Prime minister: Jean Castex
• France Currency: Euro.

Books and Authors News

10. Manipur Guv released book "Making of a General A Himalayan Echo"

• Manipur Governor, Dr Najma Heptulla has virtually released a book titled “Making of a General-A Himalayan Echo” authored by (Retd) Lt General Konsam Himalaya Singh at Durbar Hall, Raj Bhavan, Imphal.
• The book elegantly summons the essence and imperatives of superior command of one of the most formidable forces in the world.
• The book is the memoir of Lt Gen (Dr) Konsam Himalay Singh who has traced his journey from a small village in Manipur to becoming the first person from North East India to hold the rank of a Three-Star General of the Indian Army. The book has also highlighted about Manipur, the “Land of Emeralds”.

11. A book titled “The Population Myth: Islam, Family Planning and Politics in India” by Ex-CEC

• Former chief election commissioner (CEC) S Y Quraishi has come out with his book titled “The Population Myth: Islam, Family Planning and Politics in India”.
• The book will hit the stands on February 15, 2021. It has been published by HarperCollins India.
• The book evaluates India’s demographics from a religious perspective and seeks to demolish two basic myths that ‘Islam is against family planning’ and ”Muslim rate of growth” is linked to capture political power.
• The book is a detailed analysis of the 'Muslim rate of growth' in the light of population data and national and international reports.
• The book examines the crucial and urgent question of the politicisation of demography in India.

Obituaries News

12. Indian American writer Ved Mehta passes away

• Indian American writer Ved Mehta passed away. The Indian-American novelist overcame blindness & was widely known as the 20th-century writer most responsible for introducing American readers to India.
• Ved Mehta, a longtime writer for The New Yorker whose best-known work, spanning a dozen volumes, explored the vast, turbulent history of modern India through the intimate lens of his own autobiography.

Miscellaneous News

13. First-ever Ice climbing festival celebrated in Nubra valley

• In Leh, the first-ever Ice climbing festival was celebrated in Nubra valley. The Seven Day event was organized by Nubra Adventure Club.
• Ice climbing is a popular winter sport abroad. To promote winter tourism in Nubra valley, Nubra Adventure Club, with the help of Social activist Dr Nordan Otzer, has organized the Seven Day Ice Climbing Festival.
• Trainer Rigzin Tsewang said that Nubra has the potential to be the ice climbing capital in the Himalayas.

14. Suriname’s Indian-origin President to be Republic Day chief guest

• President of the Republic of Suriname, Chandrikapersad Santokhi, will be the chief guest at India's Republic Day parade on January 26.
• India had initially invited Boris Johnson to be the chief guest but the British PM had to cancel his visit in view of the grim coronavirus situation back home.
• Earlier this week, Santokhi was the chief guest at the Pravasi Bharatiya Divas Convention, held by the Ministry of External Affairs and he delivered the keynote address.
• He was sworn in as the president of Suriname in July 2020, when his party, the Progressive Reform Party, won 20 of the 51 seats in the elections.

Important takeaways for all competitive exams:

• Suriname Capital: Paramaribo.
• Suriname Currency: Suriname Dollar.
• Suriname Continent: South America.

Daily news 5 January 2021

International News

1. U.S. Congress passes ‘Malala Yousafzai Scholarship Act’

• The U.S. Congress has passed the ‘Malala Yousafzai Scholarship Act’ to increase the number of scholarships for Pakistani women in higher education under merit and needs-based programme.
• The bill was passed by the United States Senate by a voice vote on January 1. The bill now heads to the White House for U.S. President Donald Trump to sign into law.
• The bill requires the U.S. Agency for International Development (USAID) to award at least 50% of scholarships under a Pakistan-based higher education scholarship programme to Pakistani women, from 2020 to 2022, across a range of academic disciplines and in accordance with existing eligibility criteria.
• The bill also requires USAID to consult with and leverage investments by the Pakistani private sector and Pakistani diaspora in the United States to improve and expand access to education programmes in Pakistan.

State News

2. ADB approves $100 million loan to upgrade power distribution system in Bengaluru

• The Asian Development Bank (ADB) will provide a USD 100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city.
• Besides the USD 100 million sovereign loans, ADB will provide a USD 90 million loan without sovereign guarantee for the project to Bangalore Electricity Supply Company Ltd (BESCOM), one of the five state-owned distribution utilities in Karnataka.

Important takeaways for all competitive exams:

• Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.
• President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.
• ADB Established: 9 December 1966.

Banking News

3. IDBI Bank launches video KYC facility for opening savings bank accounts

• IDBI Bank announced the launch of video KYC account opening (VAO) facility for savings bank accounts. Through the facility, a customer can open a savings account with the lender from the convenience of his/her home or office as there are no physical forms to be filled or visits to be made to the branch.
• Video KYC is a quick and easy way to open a savings account from the comforts of your home. It ensures that the online journey for opening savings account remains safe, simple, and fast eliminating the need to visit the branch for KYC.

Important takeaways for all competitive exams:

• IDBI Bank CEO: Rakesh Sharma.
• IDBI Bank Headquarters: Mumbai, Maharashtra.

Business News

4. Bajaj Auto becomes world’s most valuable two-wheeler company

• Indian multinational two-wheeler and three-wheeler manufacturing company, Bajaj Auto has become the most valuable two-wheeler company in the world, after it crossed a market capitalization of more than Rs. 1 lakh crore, on January 01, 2021.
• Bajaj’s share price on NSE closed at Rs. 3,479 per share on the first day of 2021, leading to a market capitalization of more than Rs 1,00,670.76 crore.
• Thus, Bajaj Auto is not only the most valued company in the two-wheeler segment but also the first-ever two-wheeler company in the world to have reached this market cap milestone.

Important takeaways for all competitive exams:

• Headquarter of Bajaj Auto: Pune, Maharashtra.
• Managing Director of Bajaj Auto: Rajiv Bajaj.

Appointments News

5. Pankaj Mithal sworn in as CJ of J&K, Ladakh Court

• Justice Pankaj Mithal has been appointed as the new Chief Justice (CJ) of the Common High Court for the Union Territory of Jammu & Kashmir and Union Territory of Ladakh in Jammu on January 04, 2021.
• Chief justice Mithal has been appointed in view of the retirement of chief justice Gita Mittal recently. Chief Justice Mithal was administered the oath of office by Lieutenant Governor of J&k, Manoj Sinha.

6. GJC elects Ashish Pethe as New Chairman

• The All India Gem and Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry, has announced the appointment of Ashish Pethe as chairman and Saiyam Mehra as vice chairman for a period of two years.
• Pethe has been closely associated with GJC and was the Zonal Chairman West, which he will continue even after this new position.
• The entire e-Voting election process was conducted by an authorised independent person (Chief Election Authority), and the voting platform was created by a digital agency, both appointed by GJC.

Important takeaways for all competitive exams:

• All India Gem and Jewellery Domestic Council HQ: Mumbai, Maharashtra.
• All India Gem and Jewellery Domestic Council Founded: 2005.

7. Sanjay Kapoor elected All India Chess Federation president

• Sanjay Kapoor was elected president of the All India Chess Federation (AICF) while Bharat Singh Chauhan retained the secretary's post.
• Kapoor, representing Uttar Pradesh Chess Association, defeated incumbent PR Venketrama Raja in a close contest.
• Kapoor received 33 votes as against 31 of Raja. Chauhan beat Ravindra Dongre 35-29. Apart from the president, secretary and treasurer, six vice-presidents and six joint secretaries were also elected.

Important takeaways for all competitive exams:

• All India Chess Federation Headquarters:  Jawaharlal Nehru Stadium; Chennai.
• All India Chess Federation Founded: 1951.

Agreements News

8. Indian Army inks pact with Goa Shipyard to get 12 fast patrol boats

• Indian Army has inked a contract with Goa Shipyard Limited (GSL) to procure 12 Fast Patrol Boats for surveillance and patrolling of large water bodies, including those in high altitude areas like Pangong Tso lake in Ladakh.
• Pangong Tso's 134-km length is divided into eight 'fingers', military parlance for mountain spurs jutting into the water body that is contested by both sides. The lake is frozen with the onset of winters, and the Army plans to deploy around two dozen such boats by next summer.

Important takeaways for all competitive exams:

• Chief of Army Staff: General Manoj Mukund Naravane.

Summits and Conferences

9. PM Modi inaugurates National Metrology Conclave 2021

• Prime Minister Shri Narendra Modi has addressed the National Metrology Conclave, via video conferencing on January 04, 2021.
• National Metrology Conclave 2021 was organised by the Council of Scientific and Industrial Research-National Physical Laboratory (CSIR-NPL), New Delhi, to mark its 75th year of inception. This year theme: ‘Metrology for the Inclusive Growth of the Nation’.
• As a part of this conclave, PM Modi also dedicated ‘National Atomic Timescale’, and ‘Bhartiya Nirdeshak Dravya’ to the nation, and laid the foundation stone of the ‘National Environmental Standards Laboratory’.

Obituaries News

10. Former Maharashtra Minister Vilas Patil Undalkar passes away

• Former Maharashtra cabinet minister and seven-time Congress MLA Vilas Patil Undalkar has passed away.
• The veteran Congressman, Undalkar, who was popularly known as ‘kaka’, was elected seven times from Karad-South Assembly constituency for a record 35 consecutive years, from 1980 to 2014.
• Undalkar held the Cooperation and Law and Justice portfolios in the State Cabinets during the previous Congress-led state governments.

Miscellaneous News

11. Argentine filmmaker Pablo Cesar to head 51st IFFI''s International Jury

• The International Jury for 51st edition of International Film Festival of India has been announced with eminent filmmakers from across the world.
• According to the Information and Broadcasting Ministry, the Jury will comprise Pablo Cesar of Argentina as Chairman, Prasanna Vithanage of Sri Lanka, Abu Bakr Shawky of Austria, Priyadarshan of India and Rubaiyat Hossain of Bangladesh.
• Pablo Cesar is an Argentine filmmaker. He has contributed to the African cinema by making the critically acclaimed films, Equinox, the Garden of the Roses, Los dioses de agua and Aphrodite, the Garden of the Perfumes.