DAILY GK: 14 OCT 2021

 DAILY GK: 14 OCT 2021

1.PFC GETS MAHARATNA STATUS

•      Power Finance Corporation Ltd (PFC) was accorded the status of Maharatna central public sector enterprise (CPSE) by the Department of Public Enterprises, under the Ministry of Finance

•      PFC is the largest infrastructure finance company exclusively dedicated to the power sector under the administrative control of the power ministry.

•      With this, PFC can now invest up to Rs 5,000 crore, or 15 percent of its net worth, in a single project.

•      PFC is 11th firm to join Maharatna CPSE club.

•      The other 10 Maharatna CPSEs at present are Bharat Heavy Electricals Ltd, Bharat Petroleum Corp. Ltd, Coal India Ltd, GAIL (India) Ltd, Hindustan Petroleum Corp. Ltd, Indian Oil Corp. Ltd, NTPC Ltd, Oil & Natural Gas Corp. Ltd, Power Grid Corp. of India Ltd, and Steel Authority of India Ltd.

•      There are 14 Navratna and 73 Miniratna CPSEs.

•      Navratna and Miniratna CPSEs can invest up to Rs 1,000 crore and Rs 500 crore, respectively.

 

2. GARBAGE FREE’ URBAN INDIA.

•      The Union Cabinet has approved the continuation of Swachh Bharat Mission (Urban) till 2025-26 with an outlay of Rs 1,41,600 crores.

•      It will be regarded as SBM-Urban 2.0 with aim of ‘Garbage Free’ Urban India.

 

3. RBI GRANTED LICENCE TO CENTRUM-BHARATPE’S UNITED SFB

•      The Reserve Bank of India (RBI) issued the ‘Small Finance Bank’ (SFB) licence to Centrum-BharatPe’s ‘Unity Small Finance Bank Ltd (USFBL)’ to carry on an SFB business in India

•      With the establishment of USFBL, the number of SFBs in India was increased to 12.

 

4. IMF RETAINED INDIA’S 2021 GDP GROWTH FORECAST TO 9.5%

•      In its October 2021 World Economic Outlook (WEO) titled ‘Recovery During a Pandemic Health Concerns, Supply Disruptions, and Price Pressures’, the International Monetary Fund (IMF) has retained India’s Gross Domestic Product (GDP) growth forecast for 2021 unchanged at 9.5 percent (July 2021 forecast).

•      India’s GDP growth forecast for 2022 was also unchanged at 8.5 percent.

•      The IMF has reduced the global economy growth in 2021 by 0.1 percent to 5.9 percent and the growth was projected at 4.9 percent in 2022.

•      IMF Headquarter – Washington,Member – 190,MD – Kristalina Georgieva

 

5. MICROSOFT CEO SATYA NADELLA GETS 2021 C K PRAHALAD AWARD

•      Indian American Satya Nadella got the prestigious C K Prahlad award for Global Business Sustainability Leadership for the year 2021.

•      Four Microsoft leaders received the award for their collaborative leadership aimed at transforming Microsoft into a carbon negative company by 2030 and to remove all its historical emissions by 2050.

 

6. UN’S INTERNATIONAL DAY FOR DISASTER RISK REDUCTION 2021 – OCTOBER 13

•      To promote the culture of risk awareness and disaster reduction and to recognise the progress towards reducing disaster risk and loss of lives, livelihoods and health.

•      IDDRR 2021 focuses on ‘International cooperation for developing countries to reduce their disaster risk and disaster losses’.

•      United Nations Office for Disaster Risk Reduction Headquarters– Geneva, Switzerland

 

7. WORLD EGG DAY 2021 – 8TH OCTOBER

•      World Egg Day is annually observed across the globe on the 2nd Friday of October to create awareness about the benefits of the consumption of eggs.

•      The theme of World Egg Day 2021 is “Eggs for ALL: Nature’s Perfect Package”.