Daily Current Affairs Quiz : October 2, 2021

Notes:
Indian Institute of Technology, Hyderabad (IIT-Hyderabad) researchers have recently developed an alternative to corneal transplantation.
The research team have developed a hydrogel from discarded corneas from human and bovine sources using a novel method. The team discovered that this tissue-specific hydrogel can prevent cells from scar tissue formation. The team also demonstrated that this hydrogel can be applied after injury which helps to regenerate the cornea without scarring.

Notes:
Lucy is a mission of the USA’s NASA, to study Jupiter’s Trojan asteroids. This is set to provide new insights into the solar system’s formation 4.5 billion years ago
The probe is named Lucy after an ancient fossil that provided insights into the evolution of human species. It is set to be launched on October 16 from Cape Canaveral Space Force Station in Florida. It will have a 12-year journey to eight different asteroids- one in the Main Belt between Mars and Jupiter and seven Trojans.

Notes:
Technology Major Facebook launched its largest creator education and enablement programme in India. Named “Born on Instagram” the programme includes e-learning course, aimed at encouraging, educating and enabling creators.
The programme was originally launched in 2019. It focusses on content creators who drive more users, viewers and commerce across different platforms. The programme will also provide live masterclasses with experts, latest information on trends, product updates and challenges.

Notes:
Prompt Corrective Action (PCA) refers to the watchlist of weak banks, by the Reserve Bank of India. The regulator imposes restrictions like curbs on lending among others, on such banks.
The Reserve Bank of India (RBI) has recently removed Indian Overseas Bank from the Prompt Corrective Action Framework. The bank was placed under the PCA framework in 2015. On the basis of the published financial results for 2020-21, the Board for Financial Supervision, found that the bank has not breached PCA parameter.

Notes:
According to the Union Finance Ministry’ status report on India’s external debt, India’s External debt to GDP ratio increased marginally to 21.1% from 20.6% as at end-March 2020.
India’s external debt rose by 2.1% year-on-year to $570 billion as of March-end 2021. Reserves to external debt ratio increased to 101.2% from 85.6% during the same period. With this, it can be concluded that India is a net creditor to the world. The sovereign debt at $107.2 billion rose by 6.2%. The non-sovereign debt grew 1.2% to $462.8 billion.