Argutes

Bank Exam Current Affairs – 21 October 2021

1. Bhaskarabda: Luni calender

  1. Bhaskarabda, an era counted from the date of the ascension of a 7th-century local ruler, will be added to the Saka and Gregorian in the official calendar of the Assam government.
  2. Bhaskarabda began when Bhaskaravarman was crowned ruler of the Kamrupa kingdom.
  3. He was a contemporary and political ally of northern Indian ruler Harshavardhana.
  4. The themes will be wildlife, plants, culture, cuisine, and other aspects of Assam.
  5. Unlike the Gregorian, where a day starts at midnight, the Assamese calendar begins and ends at sunrise over 24 hours.
  6. While the Gregorian goes by the solar cycle, the Saka and Bhaskarabda use a lunisolar system based on both the phases of the moon and the solar year.
  7. The gap between Bhaskarabda and Gregorian is 593 years.

2. 60-point action plan

From linking birth certificates to citizenship to pushing for jobs while negotiating trade pacts, from promoting a ‘family database design’ to drafting a single environment Act that subsumes all other laws in the sector the Centre has prepared a comprehensive 60-point action plan.

Insights

  1. There is no proof of citizenship in India. Citizenship may be linked to birth certificates through technology and mainstream.
  2. The 60-point action is targeted at specific ministries and departments, they fall under broadly three buckets: leveraging IT and technology for governance, improving the business climate, and upgrading the civil services.

 3. Long March-2D rocket

  1. China sent its first solar exploration satellite into space from the Taiyuan Satellite Launch Center in northern Shanxi Province.
  2. The satellite was launched aboard a Long March-2D rocket and entered its planned orbit successfully.
  3. Ten small satellites including an orbital atmospheric density detection experimental satellite.
  4. It was the 391st flight mission of the Long March carrier rocket series.

4. Global Food Security

India is ranked at 71st position in the Global Food Security (GFS) Index 2021 of 113 countries, but the country lags behind its neighbors Pakistan and Sri Lanka in terms of food affordability as per the report released by Economist Impact and Corteva Agriscience.

Highlights of the Report

  1. Pakistan (with 52.6 points) scored better than India (50.2 points) in the category of food affordability.
  2. Sri Lanka was even better with 62.9 points in this category on the GFS Index 2021
  3. Ireland, Australia, the UK, Finland, Switzerland, the Netherlands, Canada, Japan, France and the US shared the top rank with the overall GFS score in the range of 77.8 and 80 points on the index.
  4. In the overall category, India fared better than Pakistan (75th position), Sri Lanka (77th Position), Nepal (79th position) and Bangladesh (84th position).
  5. But India was way behind China (34th position).
  6. Over the past 10 years, India’s incremental gains in overall food security score were lagging behind that of Pakistan, Nepal, and Bangladesh.
  7. India’s score improved only by 2.7 points to 57.2 in 2021 from 54.5 in 2012 when compared with Pakistan by 9 points while that of Nepal by 7 points and Bangladesh by 4.7 points.
  8. China’s score improved by 9.6 points to 71.3 in 2021 from 61.7 in 2012, the report
  9. The findings of the GFS Index 2021 also showed that global food security has decreased for the second year in a row after seven years.

5. International Solar Alliance

The fourth annual meeting of the International Solar Alliance (ISA) is beginning in New Delhi, with the task of planning the rollout of a $1 trillion plan to build solar power plants over the next 10 years.

  1. The aim of the conference is to add operational and technical detail to the ISA’s “One Sun, One World, One Grid” program.
  2. This will include discussions of financial risk management and ways of attracting the private sector capital that will be needed to fill the “viability gap” between member countries’ ambitions and what they can fund themselves.
  3. In the end, the ISA hopes to have a five-year plan setting out what each of the ISA’s 98 member states hopes to achieve.
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6. Global pension systems ranking

  1. India has ranked 40th out of 43 pension systems across the world in the 2021 Mercer CFS Global Pension Index survey
  2. It suggests the need for strategic reforms in India to revamp the pension system so as to ensure adequate retirement income.
  3. India had stood at 34th position out of 39 pension systems rated in 2020.

7. Amit Rastogi

  1. Commodore Amit Rastogi (Retd), after an illustrious career of 34 years in the Indian Navy has taken over as Chairman & Managing Director of National Research Development Corporation.
  2. He was an earlier director at Electrical Engineering at Integrated Headquarters, Ministry of Defence, for five years and additional general manager, tech services, at naval dockyard for two years.

8. World Statistics Day

  1. World Statistics Day is celebrated around the globe every year on 20 October to highlight the achievements of the Fundamental Principles of Official Statistics.
  2. The day, which was created by United Nations Statistical Commission, was first marked in the year 2010.
  3. Almost every industry and organization in the world benefits from statistical data and research.
  4. India celebrates statistics day as National Statistics Day on 29 June.