Current Affairs Quiz - February, 2021

Notes:
Defence Minister Rajnath Singh recently inaugurated a new plant at the Hindustan Aeronautics Limited (HAL) in Bengaluru.
It aims to double the production of the Tejas Light Combat Aircraft, India’s indigenous fighter jet. The Defence Ministry also signed a Rs 48000 crore deal to procure 83 Tejas LCA from HAL. This is said to be the biggest indigenous defence procurement.

Notes:
The world’s first commercial launch vehicle powered by bio-fuel was successfully used for a space launch in the United states.
Stardust 1.0, the first such rocket was launched from Loring Commerce Centre in Maine, US. The rocket is manufactured by bluShift, a US- based aerospace company. The 250-kg launch vehicle is vehicle suited for student and budget payloads.

Notes:
The Union Ministry of Commerce and Industries, has organized a series of sector specific webinar named Udyog Manthan. This is organized in association with Quality Council of India and supported by Bureau of Indian Standards, CII, FICCI and ASSOCHAM.
The webinar has a focus on quality and productivity in all major sectors of manufacturing and services.

Notes:
The Reserve Bank of India (RBI) has decided to set up an expert committee on Urban Co-operative Banks (UCBs) involving all stakeholders.
The Committee would prepare a road map to strengthen the sector, enable faster resolution of UCBs. In 2020, the Urban Co-operative Banks (UCBs) and Multi-State Co-operative Banks were brought under the supervisory power of the Reserve Bank of India (RBI).

Notes:
The Reserve Bank of India announced its Monetary Policy committee decisions. As per the RBI, the GDP growth rate was projected at 10.5 per cent for the financial year 2021-22.
The RBI Governor said that the growth outlook has significantly improved and the vaccination drive will help the economic recover. The RBI retained the repo rate unchanged at four per cent.

Notes:
The United Nations Security Council (UNSC) has expressed concern over the military coup in Myanmar.
The United Kingdom, which is the President of the UNSC for this month, also backed the discussion on the issue. The UNSC asked the Military rulers for the release of all the detainees including the State Counsellor Aung San Suu Kyi and President.

Notes:
Karnataka signed memorandum of understanding with 34 aerospace and defence companies at the 13th edition of Aero India show.
These new MoUs signed with Bengaluru based companies are expected to attract an investment of Rs 2,464 crore and generate over 6000 direct employment opportunities in the state. Karnataka accounts for over 65% of defence and aerospace exports from the country,

Notes:
The Cabinet has approved privatisation of Rashtriya Ispat Nigam Ltd (RINL) also called as the Vizag steel. It is located in Visakhapatnam, Andhra Pradesh.
RINL is a ‘Navratna’ category Public sector Enterprise, which runs the 7.3 million tonne capacity Visakhapatnam Steel Plant. The PSU has two subsidiaries namely The Orissa Minerals Development Company Ltd (OMDC) and The Bisra Stone Lime Company Ltd (BSLC).

Notes:
The five-day National Horticulture Fair has been scheduled to start on February 8 at the Indian Institute of Horticultural Research (IIHR) campus, Bengaluru.
This year, the theme is ‘Horticulture for Start-Up and Stand-Up India’ to encourage farmers to become entrepreneurs. The Fair can also be attended by people across the country virtually.

Notes:
Prime Minister Narendra Modi launched a programme in the state of Assam named ‘Asom Mala’. It aims to improve state highways and major district roads.
The programme also aims to provide quality inter-linking roads between the National Highways and the Rural roads. Another objective of the scheme is to promote ‘Multi-modal transportation’ in the state.