Bank Exam Current Affairs – 27 October 2021

1. Veer Savarkar: The Man Who Could Have Prevented Partition

  1. Defence Minister Rajnath Singh launched the book titled “Veer Savarkar: The Man Who Could Have Prevented Partition” authored by Uday Mahurkar.
  2. Veteran journalist & political analyst Uday Mahurkar along with co-author Chirayu Pandit in their book write about the visionary that Savarkar was and how he had envisioned the national security problems India is facing today

2. Mukyamantri Ration Apke Dwar Yojana

  1. The government of Madhya Pradesh (MP) has announced the implementation of the scheme ‘‘Mukhyamantri Ration Apke Dwar Yojana”, which will start from November 2021.
  2. Under this scheme, the ration will be provided at the doorstep of the villagers where there are no Fair Price Shops (FPS).
  3. To provide ration material to the vulnerable sections such as Divyanga (Specially-Abled) and senior citizens near their homes.
  4. To ensure proper ration supply for poor tribal families in each village bin 74 tribal dominated blocks of 16 districts.

3. National Steering Committee

  1.  National Steering Committee (NSC) has been formed for the implementation of the NIPUN Bharat Mission.
  2. NIPUN (National Initiative for Proficiency in Reading with Understanding and Numeracy) Bharat Scheme was launched earlier this year as part of the National Education Policy (NEP) 2020.


  1. It is responsible oversee the progress of the National Mission on Foundational Literacy and Numeracy and providing guidance on policy issues.
  2. It aims to arrive at the target to be achieved nationally in 2026-27.
  3. It foresees to disseminate tools for the measurement of yearly progress in the form of guidelines.
  4. It prepares and approves a National Action Plan (based on the State’s Action Plans).
  5. It reviews programmatic and financial norms periodically to ensure they are synchronized with targets to be achieved.

Drug price regulator National Pharmaceutical Pricing Authority (NPPA)  has fixed the ceiling prices for 12 anti-diabetic generic medicines, including glimepiride tablets, glucose injection, and intermediate-acting insulin solution.

Drug Prices Control Order, 2013

  1. Under the provisions of DPCO 2013, only the prices of drugs that figure in the National List of Essential Medicines (NLEM) are monitored and controlled by the regulator, the National Pharmaceutical Pricing Authority.
  2. Essential medicines are those that satisfy the priority healthcare needs of the majority of the population.
  3. The primary purpose of NLEM is to promote rational use of medicines considering the three important aspects i.e. cost, safety, and efficacy.
  4. Paragraph 19 of the DPCO, 2013, deals with an increase or decrease in drug prices under extraordinary circumstances.
  5.  However, there is neither a precedent nor any formula prescribed for the upward revision of ceiling prices.

5. Zara Yaad Karo Qurbani

  1. This podcast series is a tribute to the persons and movements that significantly contributed to India’s freedom struggle, some of which have not found a place in the conventional freedom movement storyline.
  2. As an ode to the sacrifices made, it is only befitting to salute these heroes by recollecting their stories of courage and valor as part of commemorating 75 years of India’s independence.

6. Ayushman Bharat Health Infrastructure Mission

  1. Ayushman Bharat Health Infrastructure Mission, one of the largest pan-India schemes for strengthening healthcare infrastructure is launched in Varanasi.
  2.  It is in addition to the National Health Mission.
  3. Its objective is to fill gaps in public health infrastructure, especially in critical care facilities and primary care in both urban and rural areas.
  4. It will provide support for 17,788 rural health and wellness centers in 10 high-focus states.
  5. Further, 11,024 urban health and wellness centers will be established in all the States.
  6. Through this, critical care services will be available in all the districts of the country with more than five lakh populations through exclusive critical care hospital blocks, while the remaining districts will be covered through referral services.

7. Trigonopterus corona

  1. On the Indonesian island of Sulawesi, museum scientists have discovered 28 new species of beetles.
  2. The species, all of which measure 2-3 mm, are described in the journal Zookeys.
  3. One of them has been named Trigonopterus corona.
  4. This reflects the large impact of the Covid-19 pandemic on this project.
  5. It is not the only insect species to be named after the pandemic.
  6. In April, a new species of caddisfly was collected near a stream in Kosovo by a team of scientists and named Potamophylax coronavirus.

8. Konkan Shakti 2021

  1. The exercise between the Navy’s of India and the United Kingdom is the first-ever joint exercise for interoperability and synergy.
  2. The maiden India-UK Joint Tri-Service exercise Konkan Shakti showcased majestic flypast by the fighters of the Indian Air Force and Navy.
  3. The exercise that started off the west coast of India on October 21 is now in its second phase at sea.

9. New Rules of Power Ministry

The Ministry of Power announced new rules to sustain the economic viability of the sector, ease the financial stress of various stakeholders and ensure timely recovery of costs involved in electricity generation.

New Rules

  1. A formula has been provided to calculate adjustments in the monthly tariff due to the impact of change in the law.
  2. The rules also provide that a must-run power plant shall not be subjected to curtailment or regulation of generation or supply of electricity on account of merit order dispatch or any other commercial consideration.
  3. The electricity generated from a must-run power plant may be curtailed or regulated only in the event of any technical constraint in the electricity grid or for reasons of security of the electricity grid.
  4. For curtailment or regulation of power, the provisions of the Indian Electricity Grid Code shall be followed.
  5. In the event of curtailment of supply from a must-run power plant, compensation shall be payable by the procurer to the must-run power plant at the rates specified in the agreement for purchase or supply of electricity.
  6. The RE generator is also allowed to sell power in the power exchange and recover the cost suitably.
  7. This helps in the realization of revenue by the generator and also the power is available in the electricity grid for use of consumers.

10. Basel-III Extended

The Reserve Bank of India (RBI) decided to extend the Basel-III Capital framework to All India Financial Institutions (AIFIs) such as Export-Import Bank of India (EXIM Bank), the National Bank for Agriculture and Rural Development (Nabard), National Housing Bank (NHB) and the Small Industries Development Bank of India (SIDBI).


  1. Basel Norms are the international banking regulations.
  2. Basel III Accord was developed by the Basel Committee on Banking Supervision (BCBS).
  3. In 2010, Basel III guidelines were released.
  4. It was developed in response to the shortcomings in financial regulations exposed during the financial crisis of 2007-08.
  5. The objective of Basel Norms III is to increase the liquidity of banks and decrease bank leverage.
  6. The 3 main pillars or 3 main principles of Basel III are given below.
    • Minimum Capital Requirements
    • Leverage Ratio
    • Liquidity Requirements

11. Orbital Reef

  1. Billionaire Jeff Bezos-owned Blue Origin unveiled plans to develop a commercial space station called “Orbital Reef” with Boeing, aiming to launch the spacecraft in the second half of this decade.
  2. The venture will be built in partnership with Sierra Space, the spaceflight wing of defense contractor Sierra Nevada Corp, and will be backed by Redwire Space, Genesis Engineering Solutions, and Arizona State University.
  3. Orbital Reef will be operated as a “mixed-use business park”, and plans to provide the infrastructure needed to scale economic activity and open new markets in space.

12. Disarmament Week

  1. Disarmament Week is observed annually to promote awareness and understanding of the issues of disarmament in several countries.
  2. The week aims to reduce the use of weapons, specifically nuclear weapons, to bring peace to society.
  3. This year, the disarmament week will be starting on October 24.
  4. The week-long observance will continue till October 30.


  1. The United Nations Disarmament Commission (UNDC) was set up in 1952 under the UN Security Council
  2. It is mandated to prepare proposals for a treaty for the regulation, limitation, and balanced reduction of all armed forces including the elimination of all weapons of mass destruction.
  3. The observance of Disarmament Week was initiated by the United Nations.
  4. The observance of disarmament week was first suggested in the Final Document of the UN General Assembly’s special session on disarmament in 1978.
  5. October 24 also marks the anniversary of the founding of the United Nations.

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 13. Lifetime Achievement award at IFFI

  1. Hollywood veteran Martin Scorsese and celebrated Hungarian filmmaker Istvan Szabo will be honored with the Satyajit Ray Lifetime Achievement award at this year’s International Film Festival of India (IFFI).
  2. The 52nd edition of the film festival will be held from November 20 to 28 in Goa.
  3. International Film Festival of India was founded on 24 January 1952.

14. Deepika Padukone and  adidas

  1. Adidas has roped in Deepika Padukone as its brand ambassador. Padukone will work closely with Adidas on their common commitment towards fitness; both physical & emotional.
  2. Taking forward the brand’s attitude of ‘Impossible is Nothing’, the partnership will be a testament towards breaking barriers & limitless possibilities, inspiring both currents as well as the future generations.

15. Sustainable Transport System Award

Kochi has bagged the ‘City to integrate sustainable modes of transport like Kochi Metro, Water Metro, and e-mobility that the Union government bestowed the award on Kochi.