Daily Current Affairs  – 3 November 2021

In News Recently, Veteran Gandhian leader Salem Nanjundaiah Subba Rao died in Jaipur after a prolonged illness. About Early Life: Born in Bengaluru Entered politics at the age of 13 when he was arrested for joining protests on Quit India day in 1942.  Subba Rao went on to join the Seva Dal. Mr Rao was […]

In News Recently, the Power Minister inaugurated the diversion of the Marusudar River of Pakal Dul Hydroelectric Project.  About Constructed on: River Marusudar, a tributary of Chenab in district Kishtwar of UT of J & K.  Installed Capacity: 1000 MW  Annual Energy Generation will be 3230 MU. Agency Name: Chenab Valley Power Projects Limited, a […]

In News The new Zuari bridge is expected to be ready by September 2022. About The bridge project will serve as an expressway between Panaji and Margao, over the Zuari river.  Image Courtesy: TOI Zuari river The Zuari River is the largest river in the state of Goa, India.  It is a tidal river that […]

In News Indian Renewable Energy Development Agency Ltd. (IREDA) has launched a ‘Whistle-blower Portal’, as a part of ‘Vigilance Awareness Week 2021’.  IREDA is a PSU under the Ministry of New & Renewable Energy (MNRE). The latest issue of Vigilance journal ‘Pahal’ was also released by IREDA.  About the Portal Through this portal, IREDA employees […]

In News Recently, an initiative was announced by India and the United Kingdom to tap solar energy and have it travel seamlessly across borders. They call for ‘One Sun, One World, One Grid’ to improve the viability of solar power. About It was announced on the second day of the COP26. The focus is to […]

In News The Reserve Bank of India (RBI) has revised the Prompt Corrective Action (PCA) Framework for scheduled commercial banks.  The provisions of the revised framework will come into effect from January 01, 2022. About  Earlier framework mechanism: The leverage was also monitored additionally as part of the PCA framework, but profitability was the key. […]

In News The committee, headed by former RBI Executive Director Sudarshan Sen, has recommended the creation of an online platform for the sale of stressed assets. Need of the reforms Poor performance of Asset Reconstruction Company (ARC): The performance of the ARCs has so far remained lacklustre, both in ensuring recovery and in the revival […]

In News The Centre has decided to scrap the system of caste-based wage payments in the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme after complaints from State Governments. Changes proposed in the scheme Revised accounting procedure: Finance Ministry directed the Ministry of Rural Development to revert to the previous system of generating single […]

In News Recently, Shanghai Cooperation Organization (SCO) member states in its 19th meet (of Prosecutors General) held in New Delhi, adopted a protocol to strengthen cooperation in preventing and combating the growing menace of human trafficking, especially women and children.  What is Human Trafficking? Human trafficking involves recruitment, transportation, transfer, harbouring or receipt of persons, […]