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Tuesday, January 5, 2021

DAILY GK: 1, 2 JAN 2021

 DAILY GK: 1, 2 JAN 2021

1. LYNX U2 GFCS

      It is a Naval Gun Fire Control System. It has been designed to track and engage targets amidst sea clutter.

      It can accurately track air and surface targets.

      Also, it can generate required target data to predict weapon aiming points.

      The target engagement is done using Russian A190, AK176 and AK630.

      The ten LYNX U2 GFCS being acquired from BEL is to be installed on Naval Offshore Patrolling Vessel Talwar and Teg class of ships.

      The LYNX U2 GFCS is to be acquired from BEL.

      This is developed in true spirit of Atma Nirbhar Bharat (self-reliant India).

      India has been trying to increase its domestic defence production lately.

      The agreement will help India in increasing its domestic production.

      All the ten Lynx U2 Gun Fire control System are to be purchased from Bharat Electronics Limited at a cost of Rs 1,355 crores.

      It is to be purchased under Buy (Indian) Category.

 

2. LIGHT HOUSE PROJECT

      The Prime Minister Narendra Modi recently laid the foundation of the Light House Project in six states.

      The Light House Projects are to be implemented in Agartala (Tripura), Ranchi (Jharkhand), Lucknow (Uttar Pradesh), Indore (Madhya Pradesh), Rajkot (Gujarat) and Chennai (Tamil Nadu) under the Global Housing Technology Challenge-India.

      The Light House Project is to be implemented by Union Urban Ministry.

 

3. RBI DIGITAL PAYMENTS INDEX

      The Reserve Bank of India recently released the Digital Payments Index to measure the growth in cashless transactions in India.

      The Digital Payments Index comprises of five broad parameters.

      These parameters have different weight to measure the penetration of digital payments in the country.

      The parameters of the Digital Payments Index and its penetration are as follows:

      Payment Enablers: 25%

      Payment Infrastructure-Demand Side factors: 10%

      Payment Infrastructure-Supply Side factors: 15%

      Payment Performance: 45%

      Consumer Centricity: 5%

 

4. PRADHAN MANTRI UJJWALA YOJANA

      The Ministry of Petroleum and Natural Gas recently announced that more than 14 crores of free of cost cylinders have been provided under Pradhan Mantri Ujjwala Yojana to the beneficiaries of the scheme during covid-19 crisis.

      The price of non-subsidised Liquefied Petroleum Gas cylinders of 14.2 kg is to remain at 694 rupees per cylinder.

      The commercial customers will have to pay an additional amount of 17 rupees per cylinder.

 

5. RODTEP SCHEME

      The Government of India recently announced that the benefits of RoDTEP (Remission of Duties and Taxes on Exported Products) scheme is to be extended to all goods.

What is RoDTEP Scheme?

      The RoDTEP Scheme was launched in 2020 to boost exports of India in International markets.

      Under the scheme, a mechanism will be created for reimbursement of levies, taxes or duties at central, state and local levels.

      Prior to the scheme, the reimbursements were not done under any mechanism.

 

6. IFSCA BECOMES MEMBER OF IOSCO

      On January 1, 2021, the International Financial Services Centre authorities has become an associate member of the International Organisation of Securities Commissions.

      The IOSCO works closely with the G20 and financial stability board to set up standards for strengthening the security markets.

 

7. AUSTRALIA CHANGES WORD IN ITS NATIONAL ANTHEM

      The Australian government has changed a word in its national anthem to honour the indigenous population of the country.

      The words “for We Are Young and free” has been changed to “for We Are One And free”.

 

8. INTEREST RATE ON NSC, PPF AND OTHER SMALL SAVINGS SCHEMES UNCHANGED

      The Government of India has kept the interest rates on small savings schemes unchanged.

      The interest rates for various schemes were fixed as follows

      Interest rates of Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to remain at 7.1% and 6.8%.

      Five Year Senior Citizens Savings Scheme: 7.4%

      Sukanya Samriddhi Yojana: 7.6%

      Kisan Vikas Patra (KVP): 6.9%

 

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