Current Affairs Quiz - February, 2021

Notes:
SVAMITVA is a new scheme launched under the Panchayati Raj Ministry in 2020. It aims to provide the property cards to the property owners through drone survey by Survey of India.
Out of the total budget allocation to the Ministry, a provision of Rs.200 crores has been made for the SVAMITVA scheme. The pilot phase of the scheme was approved with Budget outlay of Rs.79.65 crore, to be implemented in 9 States.

Notes:
HDFC Bank announced that it is inviting applications from start-ups and entrepreneurs for its SmartUp grants under Parivartan, its corporate social responsibility (CSR) brand.
The bank is to focus on start-ups in the education (edtech) and skill development sector this year. HDFC bank has partnered with nine start-up incubators registered with the Electronics and IT Ministry, to mentor the start-ups selected for the grant.

Notes:
A working group of the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to reintroduce index-linked insurance products (ILIP).
The Group opined that this can be an alternative or complimentary option to the conventional products and unit-linked policies. It was in usage before 2013. Bond indices such as 10-year G-Sec benchmark, MIBOR, one-year Treasury bill, SBI fixed deposit rate, and others can be used.

Notes:
The Government has set up a Nodal Authority to frame Approved Standardised Deep-Sea Fishing Vessels (DSFV) Design and Specifications (ASDDS).
This step aims to help state fisheries departments to fast track the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY). Those vessels constructed in compliance with Shipping Ministry shall be eligible for subsidy under PMSSY scheme.

Notes:
The Government has approved inclusion of ‘Specialty Steel’ under the Production Linked Incentive (PLI) Scheme.
A financial outlay of Rs 6322 Cr has been made to promote the domestic manufacturing of ‘Specialty Steel’. It aims to attract capital investment, generate employment and enhance technology up-gradation in the steel sector.

Notes:
The state cabinet of Odisha approved the implementation of ‘Rejuvenating Watersheds for Agricultural Resilience through Innovative Development (REWARD)’ project.
The 500-crore project aims to improve the watersheds through science-based management for six years from 2021. The World Bank is to provide a loan assistance of Rs 350 crore for the project.

Notes:
Brahmaputra Valley Fertilizer Corporation Limited, previously the Namrup Fertilizer Complex, is located on the bank of Dilli river, Assam.
The Cabinet Committee on Economic Affairs approved the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to BVFCL, Namrup (Assam) for smooth operations of its urea manufacturing units.

Notes:
Veteran American Director Steven Spielberg has been awarded Israel’s prestigious USD 1 million 2021 Genesis Prize.
As per the organisers, the award was provided in recognition of his contribution to cinema, his philanthropic works and his efforts to preserve the memory of the Holocaust. The award is provided every year, to a personality to honour their professional as well as social achievements.

Notes:
Public sector Engineering and manufacturing company public sector engineering and manufacturing company has bagged an order from the Indian Navy to supply two Super Rapid Gun Mounts (SRGM).
SRGMs are standardised for all warships of the Indian Navy. BHEL has indigenised the guns and it aids in production, installation and support of these guns, with a dedicated facilities at its Heavy Electrical Equipment Plant, Haridwar.

Notes:
Union Minister Jitendra Singh announced that the upper ceiling has been raised from Rs 45,000 to Rs 1.25 lakh per month.
This increase is in accordance with the increase of salary as per the recommendations of the seventh pay commission. This step will ensure that the family members of the deceased employees get access to adequate financial security.