Argutes

Bank Exam Current Affairs – 06 October 2021

1. SC on FireCrackers

The Supreme Court observed that six major fireworks manufacturers had violated orders requiring them not to use prohibited chemicals such as Barium salts and to label the firecrackers in compliance with the law.

SC judgment

  1. Three years ago, the court ruled out a full ban on firecrackers
  2. It issued orders stipulating that only reduced emission and green crackers be allowed, with tight restrictions on timings when they could be burst

Green crackers

  1. CSIR-NEERI Nagpur has come out with firecrackers that have reduced emission of light sound and 30% less particulate matter using Potassium Nitrate as an oxidant.
  2. These crackers are named Safe Water Releaser, which minimizes Potassium Nitrate and Sulphur use but matches the sound intensity of conventional crackers, Safe Minimal Aluminium, where Aluminium use is low, and Safe
  3. Thermite Crackers with low Sulphur and Potassium Nitrate.
  4. These crackers are to be identified using unique QR codes to guide consumers.
  5. Petroleum and Explosives Safety Organisation should certify the composition of fireworks only after being assured that they were not made of banned chemicals.

2. Geographical Indicator

Alibaug white onion

  1. The Alibaug white onion was given the Geographical Indication (GI) tag
  2. The soil of Alibaug taluka has low sulfur content.
  3. It has low pungency, sweet taste, ‘no tear’ factor, low pyruvic acid, high protein, fat, and fiber content, besides high antioxidant compounds (quercetin)
  4. It boosts immunity, helps with insomnia, blood cleaning, blood pressure, and heart-related ailment

Edayur chili

  1. Edayur chili gets a Geographical Indication tag from the GI Registry in Chennai along with Kuttaiattoor Mango
  2. Low pungency is the unique character of Edayur chili (known as Edayur Mulaku in Malayalam).
  3. The fruit of Edayur chili is a drooping berry, solitary, with a moderately triangular shape and with a smooth surface
  4. The Edayur Mulaku is highly delicious with meals because of its low pungency appealing flavor and taste
  5. Edayur chili is mainly used to prepare fried chili which is a very delicious side dish for meals used in each homestead of Edayur region.

Click here to know more

3. Marine Protected Area: Antarctica

India has extended its support for protecting the Antarctic environment and co-sponsoring a proposal of the European Union for designating East Antarctica and the Weddell Sea as Marine Protected Areas (MPAs).

CCAMLR

  1. CCAMLR is an international treaty to manage Antarctic fisheries to preserve species diversity and stability of the entire Antarctic marine ecosystem.
  2. It came into force in April 1982.
  3. India has been a permanent member of CCAMLR since 1986.
  4. Work pertaining to CCAMLR is coordinated in India by the Ministry of Earth Sciences through its attached office, the Centre for Marine Living Resources and Ecology (CMLRE) in Kochi, Kerala

Click here to know the list of marine protected areas in India

4. Astro Robot

Amazon is launching Astro, its first household robot, powered by its Alexa smart home technology.

Insights

  1. It can be remote-controlled when not at home, to check on pets, people, or home security.
  2. It can also patrol a home automatically and send owners a notification if it detects something unusual.
  3. Astro can be set with “out of bounds” zones, so it cannot go into certain areas, or could be set to “do not disturb”.
  4. It also features buttons to turn off cameras and microphones – though it loses its ability to move around when they are switched off.
  5. The small robot also comes equipped with an extendable “periscope” camera that pops up from its head
  6. Among the other devices unveiled was the Amazon Glow: a video calling device that has the ability to project an interactive “touchscreen” on the floor or table in front of it
  7. The idea is to engage children during long video calls, as they can play games or draw on the 19-inch projected “screen” while on the video call.
  8. Relatives on the other end can also interact with the projection through a tablet app.

5. Nobel Prize for  Medicine

American scientists David Julius and Ardem Patapoutian have won the 2021 Nobel Prize for Physiology or Medicine for their discoveries of receptors for temperature and touch.

Insights

  1. Dr. Julius has been studying the different compounds in chili peppers and spider venom to understand how our bodies sense heat and chemical irritants.
  2. Decoding the neuroscience of pain can help develop new targets for pain therapy.
  3. Dr. Patapoutian helped discover a novel class of sensors in our skin and internal organs that respond to cold and other mechanical stimuli
  4. This discovery has allowed us to understand how heat, cold and mechanical forces can initiate the nerve impulses that allow us to perceive and adapt to the world around us

6. NAV-eCash

  1. State Bank of India (SBI) and Indian Navy launched the lender’s NAV-eCash card onboard the country’s largest Naval Aircraft carrier INS Vikramaditya.
  2. The launch of NAV-eCash card is an important milestone for digital payment solutions and the bank’s commitment towards the Centre’s vision of Digital India and a shift towards a less-cash economy.
  3. The unique infrastructure at naval ships inhibits traditional payment solutions particularly when the ship is in high seas where there is no connectivity.
  4. With dual-chip technology, the card will facilitate both online as well as offline transactions.

7. Tax Inspectors Without Borders

  1. India is chosen as the Tax Expert and Partner Administration for Tax Inspectors Without Borders (TIWB) in Seychelles
  2. It is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).
  3. The program was launched in Seychelles on 4th October 2021.
  4. It is expected to be of 12 months duration during which India, in collaboration with the TIWB Secretariat and support of the UNDP Country Office in Mauritius and Seychelles
  5. It aims to aid Seychelles in strengthening its tax administration by transferring technical know-how and skills to its tax auditors through sharing of best audit practices.

TIWB

  1. TIWB is a capacity-building program.
  2. It is a joint OECD/UNDP initiative launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.
  3. It deploys qualified experts in developing countries across Africa, Asia, Eastern Europe, Latin America, and the Caribbean to help build tax capacity in the areas of audit, criminal tax investigations, and the effective use of automatically exchanged information.
  4. TIWB assistance has led to increased domestic resource mobilization in some of the least developed countries in the world.

Click here to view the previous article on TIWB

India participated at the high-level plenary meeting of the UN General Assembly to commemorate the ‘International Day for The Total Elimination of Nuclear Weapons, and expressed the belief in goal of nuclear disarmament can be achieved through a step by step process underwritten by a universal commitment and an agreed, multilateral framework that is global and non-discriminatory

Conference on disarmament

  1. The CD is a multilateral disarmament forum established by the international community to negotiate arms control and disarmament agreements based at the Palais des Nations in Geneva.
  2. The Conference meets annually in three separate sessions in Geneva.
  3. The Conference was first established in 1979 as the Committee on Disarmament as the single multilateral disarmament negotiating forum of the international community.
  4. It was renamed the Conference on Disarmament in 1984.

Fissile Material Cut-off Treaty

  1. FMCT is a proposed international agreement that prohibits the production of two main components of nuclear weapons: highly-enriched Uranium and Plutonium.
  2. The consultations under the treaty laid down the most appropriate arrangement to negotiate a treaty banning the production of fissile material for nuclear weapons or other nuclear explosive devices.

9. Delhi Metro

  1. A three-lane flyover and Metro viaduct will run parallel on a common structure that is being constructed by the Delhi Metro Rail Corporation (DMRC) along with Delhi Public Works Department (PWD) at Soorghat in north Delhi.
  2. The integrated elevated structure will be constructed parallel to an existing single flyover on the Outer Ring Road.
  3. In this first-of-its-kind engineering marvel, integrated portals (structure) will be erected on which a flyover, as well as a Metro viaduct, will be placed.
  4. On these portals, the road flyover and the Metro viaduct will rest and run parallel to each other for a length of (approx.) 450 m.
  5. The corridor is part of the Pink line-the Majlis park-Shiv Vihar corridor.

10. Amish Mehta

  1. Amish takes charge as the Managing Director and Chief Executive Officer of CRISIL Ltd, an S&P Global Company, effective October 1, 2021.
  2. He leads the company’s Indian and global businesses and focus on delivering high-quality analytics, opinions, and solutions to corporations, investors, financial institutions, policymakers, and governments.

11. World Teachers’ Day

  1. World Teachers’ Day is celebrated every year on October 5.
  2. This day is observed to recognize the rights and responsibilities of teachers and to focus on appreciating, accessing, and improving the educators of the world.

History and significance:

  1. The United Nations Educational, Scientific and Cultural Organization (UNESCO) declared October to be World Teacher’s Day in 1994.
  2. The day marks the anniversary of the adoption of the 1966 ILO/UNESCO recommendation conference convened by UNESCO in cooperation with the ILO, in Paris.
  3. This adoption was followed by the adoption of the UNESCO recommendation concerning the status of Higher Education Personnel by the UNESCO General Conference in 1997.