Daily Current Affairs Quiz : October 24-25, 2021

Notes:
Konkan Shakti 2021 is the first-ever tri-services joint exercise between India and the UK. The week-long exercise has begun recently.
The exercise will be a platform to share each other’s experiences and to showcase the cooperation between the two countries. The maritime component of the exercise will be conducted off India’s west coast and the Harbour phase will be held in Mumbai. The land phase of the exercise will be held at Chaubatia in Uttarakhand.

Notes:
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank recently.
The penalty was for submitting information that did not reflect the factual position. It is an offence under Section 26 (2) of the Payments and Settlement Act. RBI also imposed a penalty of Rs Rs 27.78 lakh on Western Union Financial Services for non-compliance with Money Transfer Service Scheme (MTSS) directions.

Notes:
Barbados has elected its first-ever president Sandra Mason to replace Britain’s Queen Elizabeth as head of state.
Barbados is a former British colony that gained independence in 1966 but had maintained ties with the British monarchy. There have been calls from across the country for full sovereignty and homegrown leadership. Sandra Mason was a former jurist who has been governor-general of the country since 2018.

Notes:
According to the 2021 Global Agricultural Productivity Report (GAP Report), total factor productivity (TFP) is growing at an annual rate of 1.36 per cent.
This is below the Global Agricultural Productivity Index, whose annual target is at 1.73 per cent growth to sustainably meet the needs of consumers for food and bio-energy in 2050. TFP tracks changes in how efficiently agricultural inputs such as land, labour, fertiliser and machinery are transformed into outputs like crops and aquaculture products.

Notes:
As per the Union Budget 2021-22, the total public health sector allocation stood at 1.2 per cent of the gross domestic product (GDP).
The FICCI and KPMG in India released a report titled ‘COVID-19 Induced Healthcare Transformation in India’. As per the report, India needs to raise public health spending to 2.5 – 3.5 per cent of GDP to support healthcare transformation. The report also suggests to set up a district level Health System Index.