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Thursday, January 7, 2021

DAILY GK: 7 DEC 2021

 DAILY GK: 7 DEC 2021

1. IMPLEMENTATION of Advanced Biodigester Mk-II Technology

      DRDO & Maharashtra Metro Rail Corporation (MAHA-METRO) signed an Memorandum of Understanding (MoU) through which DRDO will provide technical support for the implementation of advanced biodigester Mk-II technology for treatment of human waste (night soil) in the metro rail network.

      The biodigester units (a non-sewered sanitation technology) will help in conserving water & protecting the environment.

 

2. HARSH VARDHAN INAUGURATES CEPI CENTRALIZED NETWORK LAB

      Dr. Harsh Vardhan virtually inaugurated the Coalition for Epidemic Preparedness Innovations (CEPI) Laboratory at the Translational Health Science & Technology Institute (THSTI), Faridabad.

      This is the 1st of its Kind in India & one of the Seven labs of the Global network.

      The lab is part of the Global network developed by CEPI Foundation, the immediation mission of the CEPI Lab at THSTI will be to assess the quality of vaccines being developed  against COVID-19.

 

3. UJALA PROGRAMMES MARKS THEIR 6TH ANNIVERSARY

      UnnatJyoti by Affordable LEDs for All (UJALA) and Street Lighting National Programme (SLNP) of Government of India marks their 6th anniversary.

      Energy Efficiency Services Limited (EESL) implements these programmes since their inception on January 5, 2015.

      EESL, under UJALA has distributed more than  36.69 crore Light-Emitting Diode(LED) bulbs across India.EESL, with SLNP installed about  1.14 crore LED streetlights across India.

 

4. RBI TO INTRODUCE LEI IN RTGS/NEFT

      Reserve Bank of India (RBI) announced the introduction of Legal Entity Identifier (LEI) for all payment transactions of Rs 50 crore and above undertaken by entities through Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

      The directions for the same have been issued by RBI under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).

      The LEI system will be effective from April 1, 2021.

      It is a unique 20-digit global reference number to identify legal entities participating in financial transactions.

      It makes the identification of an entity easy in the global database.

 

5. RBI ANNOUNCES OPERATIONALIZATION OF PIDF SCHEME

      RBI announced Operationalization of the Payments Infrastructure Development Fund (PIDF) Scheme with an initial corpus of INR 345 Crores for three years starting from January 1, 2021 & may be extended for two more years depending upon the progress.

      An Advisory Council (AC) under the chairmanship of RBI Deputy Governor BP Kanungo will be responsible for managing the functioning of PIDF.

      Objective:To increase the number of Payment Acceptance Devices in the country.To increase payments acceptance infrastructure by adding 30 Lakh touch points – 10 Lakh Physical & 20 Lakh Digital Payment acceptance devices each year.

 

6. INDIA EXPECTED TO GROW AT 5.4 % IN FISCAL YEAR 2021-22

      According to the Global Economic Prospects (GEP-January 2021) report released by the World Bank (WB), India is expected to grow at 5.4% in the Financial Year (FY) 2021-22 & 5.2% in FY 2022-23 after an expected contraction of 9.6% in FY 2020/21.

      The report also highlighted that the Global Economy is expected to expand by 4% in 2021.

      The major causes of India’s contraction are sharp declines in household spending & private investment.

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