Bank Exam Current Affairs – 11th and 12th October 2021

1. Gati Shakti scheme

  1. The first-ever National Infrastructure Masterplanwas launched.
  2. The Gati Shakti scheme was announced on Independence Day this year.
  3. This will bring together 16 Ministries, including seven core infrastructure sectors, on one platform to synergize project planning across stakeholder ministries to avoid duplication, expedite clearances and plug gaps at the right time.
  4. The Gati Shakti platform will provide information instantaneously, allowing for better coordination.
  5. The plan is aimed at achieving three basic goals – seamless multimodal connectivity to facilitate easy movement of goods and people, improved prioritization, optimal usage of resources, timely creation of capacities, and resolution of issues such as disjointed planning, standardization and clearances.

2. Lukha River

About Lukha River

  1. The Lukha river is in the East Jaintia Hills district, Meghalaya
  2. The Lukha, draining the southern part of East Jaintia Hills, is fed by the Lunar river, its main tributary, and numerous streams from the hills of the Narpuh Reserve Forest.
  3. The river flows into Bangladesh.

3. Framework for Implementation of Market-Based Economic Despatch

  1. Ministry of Power has been examining suitable mechanisms to enhance competition in the power sector with the objective of lowering the cost of electricity to consumers.
  2. It is initiated by the Central Electricity Regulatory Commission.
  3. In moving towards One Nation, One Grid, One Frequency, One Price” framework is to implement Market-Based Economic Despatch (MBED) in the day-ahead horizon,
  4. Generation plants of others can also participate in Phase 1 on a voluntary basis.
  5. The implementation of Phase 1 of MBED is planned to start with effect from 1st April 2022.
  6. Before this CERC will align their regulations and a mock drill will be carried out to ensure that the system runs smoothly.

 4. All-India Quarterly Establishment based Employment Survey (AQEES)

  1. QES  will provide frequent (quarterly) updates about the employment and related variables of establishments, in both organized and unorganized segments of nine selected non-farm sectors.
  2. The nine selected sectors are Manufacturing, Construction, Trade, Transport, Education, Health, Accommodation & Restaurant, IT / BPO, and Financial Services, accounting for a majority of the total employment in the non-farm establishments.
  3. The AQEES has been taken up by the Labour Bureau.

Key Highlights

  1. Of the total employment estimated in the selected nine sectors, Manufacturing accounts for nearly 41 percent followed by Education with 22 percent.
  2. Trade as well as and IT/BPO each engaged 7 percent of the total estimated number of workers.
  3. The most impressive growth of 152 percent has been recorded in the IT/BPO sector, while growth rates in Health is 77 percent, in Education it is 39 percent, in Manufacturing it is 22 percent, in Transport it is 68 percent and in Construction, it is 42 percent.

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5. Global Multidimensional Poverty Index 2020

According to Global MPI 2020, India is 62nd among 107 countries with an MPI score of 0.123 and 27.91% headcount ratio, based on the NFHS 4 (2015/16) data. The latest NFHS 5 (2019/20) is set to see remarkable national improvement brought about by focused schemes and interventions in these parameters since NFHS 4, especially in sanitation, cooking fuel, housing, drinking water, and electricity. The survey has been paused due to the COVID-19 pandemic.

About the Index

  1. It was first developed in 2010 by Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP) for UNDP’s Human Development Reports.
  2. NITI Aayog as the nodal agency has been assigned the responsibility of leveraging the monitoring mechanism of the Global Multidimensional Poverty Index (MPI) to drive reforms.
  3. It utilizes the National Family Health Survey (NFHS) which is conducted under the aegis of the Ministry of Health and Family Welfare (MoHFW) and the International Institute for Population Sciences (IIPS).

6. Right to Healthy Environment

  1. UN Human Rights chief Michelle Bachelet hails landmark recognition by the UN Human Rights Council that having a healthy environment is a human right.
  2. In resolution 48/13, the Council called on States around the world to work together, and with other partners, to implement this newly recognized right.
  3. The text, proposed by Costa Rica, the Maldives, Morocco, Slovenia, and Switzerland, was passed with 43 votes in favor and 4 abstentions – from Russia, India, China, and Japan.
  4. At the same time, through a second resolution (48/14), the Council also increased its focus on the human rights impacts of climate change by establishing a Special Rapporteur dedicated specifically to that issue.

7. Rail link from India to Nepal

  1. The rail link between Nepal and India is ready to resume on the neighboring country’s first-ever broad gauge passenger service.
  2. The first stretch is ready: a 34-km line between Bihar’s Jayanagar and Nepal’s Kurtha, with the Hindu pilgrimage city of Janakpur Dham in between.
  3. In 1937, the British had built a narrow gauge line to ferry cargo, mainly logs, from Nepal to India.
  4. Over time it became a popular passenger service before it was stopped in 2014 for conversion to broad gauge.
  5. The construction cost of Rs 784 crore for the entire stretch is being borne by India in the form of a grant to Nepal.
  6. When done, it will be a hill railway that will direct rail connectivity between Nepal’s capital city and the Indian network, opening multiple avenues for cross-border movement.

8. World Mental Health Day

  1. World Mental Health Day is an international day for global mental health education, awareness, and advocacy against social stigma.
  2. It is celebrated on October 10
  3. It was first celebrated in 1992 at the initiative of the World Federation for Mental Health, a global mental health organization with members and contacts in more than 150 countries
  4. The theme of this year’s World Mental Health Day is ‘Mental health in an unequal world’.

9. Sunil Chhetri

  1. Sunil Chhetri is now joint third with UAE’s Ali Mabkhout (77) on the list of highest scorers among active footballers, behind Cristiano Ronaldo (112) and Lionel Messi (79).
  2. Chhetri, 37, equaled the legendary Pele when his 83rd-minute strike helped India beat Nepal 1-0 and saved his side from elimination in the SAFF Championship in the Maldives.