PM Narendra Modi inaugurates ‘Maitri Setu’ between India and Bangladesh
Prime Minister Shri Narendra Modi has inaugurated the ‘Maitri Setu’ bridge between India and Bangladesh through a video conference, to strengthen the connectivity between both countries and especially with the north-eastern region of India. Maitri bridge will also make Tripura the ‘Gateway of North East’ with access to Chittagong Port of Bangladesh, which is just 80 km from the Sabroom.
About the Maitri Setu bridge:
- The Maitri Setu bridge has been built on the Feni river, which lies between the Indian boundary in Tripura and Bangladesh.
- The 1.9 Kilometres long bridge will connect Sabroom in India with Ramgarh in Bangladesh.
- The bridge has been constructed by the National Highways and Infrastructure Development Corporation Limited at a project cost of around Rs. 133 Crore.
Jammu and Kashmir launches Super-75 Scholarship Scheme
The Jammu and Kashmir Lieutenant Governor Manoj Sinha has launched “Super-75” scholarship schemes for meritorious girls, on the occasion of International Women’s Day 2021. The basic aim of this scholarship scheme is to facilitate the education and entrepreneurship of women.
About the Super-75 scholarship scheme:
- The super-75 scholarship scheme will support the education of meritorious girls from poor families, so that they can excel in streams like medicine, engineering, ITI (Industrial training institutes) and humanity and contribute to nation-building.
- Apart from this, Lt Governor Sinha also announced a new scheme named ‘Tejaswini’. This scheme has been launched under ‘Mission Youth-J&K’.
- Under Tejaswini, financial assistance of Rs 5 lakhs will be provided to the girls between the age group of 18 to 35 years to start their business.
Economic Freedom Index 2021 announced
The Heritage Foundation, a US Conservative think-tank, recently launched the “Economic Freedom Index”. The index was prepared by covering 184 countries this time for the period of July 2019 to June 2020. This is the first time the index has been published since the COVID-19 pandemic overturned lives as well as global economies and the scoring reflects a small extent how governments have responded to the health crisis.
Ranking:
In the index, Singapore has topped the global ranking for the second consecutive year. In the 2021 Index, India came in around the middle of the pack among Asia-Pacific countries ranking 26th out of 40 countries, scoring 56.5 points. Globally, the Foundation rates India’s economy as the 121st freest. Although its overall score is unchanged, improvements were made in business freedom. This was offset by declines in judicial effectiveness and other scores.
Index
- Rank 1: Singapore
- Rank 2: New Zealand
- Rank 3: Australia
- Rank 4: Switzerland
- Rank 5: Ireland
Important Fact of the Index:
- The biggest news generated from the “2021 Index of Economic Freedom” was however not the rankings or how COVID-19 impacted the scores but that The Heritage Foundation decided to exclude Hong Kong from its rankings for the first time ever.
- The Heritage Foundation said that the reason for leaving Hong Kong out is that the Special Administrative Region and its economic policies have now come under the direct control of Beijing.
What is Economic Freedom Index?
- The Heritage Foundation’s Index of Economic Freedom is an annual guide published to measure the progress made in advancing economic freedom which it claims brings greater prosperity.
- The Foundation also believes that “the ideals of economic freedom are strongly associated with healthier societies, cleaner environments, greater per capita wealth, human development, democracy, and poverty elimination.”
- The index ranks 12 indicators from property rights to financial freedom under four categories: rule of law, size of government, regulatory efficiency and open markets.
- The small island nation of Singapore made improvements or maintained its score for all 12 indicators except monetary freedom and judicial effectiveness which declined marginally, but its scores in these two indicators are still exceptionally high when compared with most other countries.
Important takeaways for all competitive exams:
- Heritage Foundation Headquarters: Washington, D.C., US.
- Heritage Foundation Founded: 16 February 1973.
- Heritage Foundation Chairperson: Thomas A. Saunders III.
OECD interim economic outlook pegs India’s GDP growth at 12.6% in FY22
Organization for Economic Co-operation and Development (OECD) interim economic outlook has pegged India’s gross domestic product (GDP) growth to rebound to 12.6% in FY22, which will be the fastest in the world, followed by China at 7.8% growth. India’s GDP is expected to grow at 5.4% in the following financial year, owing to the faster rebound of several large emerging-market economies.
Important takeaways for all competitive exams:
- OECD Headquarters: Paris, France.
- OECD Founded: 30 September 1961.
- OECD Secretary-General: Jose Angel Gurria.
Tirath Singh Rawat becomes new Chief Minister of U’khand
The Bharatiya Janata Party’s member of Parliament from Pauri Garhwal, Tirath Singh Rawat, will be the next chief minister of Uttarakhand. This was announced by outgoing chief minister Trivendra Singh Rawat, who resigned. Tirath Singh Rawat will be sworn in as the new chief minister of Uttrakhand.
Tirath Singh Rawat was the chief of the party in Uttarakhand in 2013-15 and also an MLA from the state in the past. His name was picked over prominent candidates including Union Minister Ramesh Pokhriyal Nishank and Uttarakhand Minister Dhan Singh Rawat.
Important takeaways for all competitive exams:
- Governor of Uttarakhand: Baby Rani Maurya.
Crisil: Indian economy to grow at 11% in FY’22
India’s GDP growth is expected to rebound to 11% in FY’22 as people learn to live with the new normal, flattening of the Covid-19 affliction curve, the rollout of vaccinations, and investment-focused government spending converge, according to rating firm Crisil. But recovery won’t be easy, with scars of the pandemic deep for small businesses and the urban poor.
Important takeaways for all competitive exams:
- CEO of Crisil: Ashu Suyash.
- Crisil Chief Economist: Dharmakirti Joshi.
- Headquarters of Crisil: Mumbai.
Koneru Humpy is BBC’s Indian sportswoman of the year
World rapid chess champion Koneru Humpy has won the BBC Indian Sportswoman-of-the-Year award. BBC director-general Tim Davie, hosting the virtual awards ceremony. The Lifetime Achievement award went to veteran athlete Anju Bobby George.
English cricket star Ben Stokes announced the 19-year-old Indian Shooter, Manu Bhaker as the winner of the Emerging Player-of-the-Year award category. Bhaker, won two golds at the ISSF World Cup in 2018, followed by gold at the Youth Olympics and a Commonwealth Games gold with a record to boot.
Important takeaways for all competitive exams:
- BBC director-general: Tim Davie.
- BBC Headquarters: London, United Kingdom.
- BBC Established: 1922.
Delhi govt presents Rs 69000 Cr ‘Deshbhakti’ Budget
The Delhi government presented a Rs 69,000-crore budget themed on ‘patriotism’ or ‘Deshbhakti’ for the financial year 2021-22. The budget was presented by the Deputy Chief Minister of Delhi, Manish Sisodia. While presenting the budget, he announced that the government has decided to celebrate the 75th Independence Day of India. The Delhi government will hold programmes from March 12, 2021, which will last for 75 weeks.
Under the “Deshbhakti Budget”:
- The government has proposed to allocate Rupees 45 crores in order to install high masts so as to hoist the national flag at 500 places in Delhi.
- An outlay of Rs 50 crores made under ‘Aam Aadmi Nishulk COVID Vaccine Yojana. It announced free Covid-19 vaccination to all in its hospitals in the coming phases of the ongoing inoculation drive.
- The budget highlights that the government seeks to increase the per capita income of Delhi in order to reach the level of Singapore by the year 2047.
- The government will also allocate rupees 10 crores for the programmes on Bhagat Singh’s life during the Deshbhakti celebrations.
- This year’s budget accounts for the budget outlay of more than 6.1 per cent than the budget presented for financial 2020-21.
Important takeaways for all competitive exams:
- Chief Minister of Delhi: Arvind Kejriwal; Governor of Delhi: Anil Baijal.
Indian Navy’s ‘silent killer’ INS Karanj commissioned
The Indian Navy got its third Scorpene submarine, commissioned as INS Karanj, of Project P-75 in Mumbai. With the delivery of Karanj, India further cemented its position as a submarine-building nation. Mazagon Dock Ltd (MDL), one of India’s leading shipyards with the capacity and the capability to meet the requirements and aspirations of the Indian Navy. Before Karanj, INS Kalvari and INS Khanderi have been commissioned in the Indian Navy in 2017 and 2019, respectively.
Salient features of Karanj:
- Karanj is seen as a small submarine having a length of 60 metres.
- It’s equipped with the best sensors in the world.
- Weapon package includes sufficient wire-guided torpedoes and sub-surface to surface missiles to neutralise a large enemy fleet. For self-defence, it has a state-of-the-art torpedo-decoy system.
- It is fitted with an integrated platform management system to provide centralised propulsion and machinery control. The powerful diesel engines can quickly charge batteries for a stealthy mission profile.
- It is fitted with a permanent magnet synchronous motor, making it one of the quietest submarines in the world.
- Its modular construction enables up-gradation to air-independent propulsion in future.
Important takeaways for all competitive exams:
- Chief of Naval Staff: Admiral Karambir Singh.
- Indian Navy Founded: 26 January 1950.
Switzerland votes to ban full face coverings in public places
Switzerland has voted in favour of a proposal banning full facial coverings including the burqa and niqab in almost all public places. In the public referendum, around 51.21 per cent of voters voted in support of the controversial proposal. The vote means that full facial covering will be banned in all publicly accessible places in Switzerland including on the streets, public transport, in public offices such as restaurants, shops and in the countryside.
Where will full-face covering be allowed?
The full-face covering will be allowed in places of worship and other sacred sites. It will also be allowed for health and safety reasons and in situations where it is a local custom such as carnivals.
Some other points:
- According to the proposal by the Swiss Federal Government, there will be no additional exceptions such as for tourists.
- France was the first European nation to ban burqas and niqabs in public places in 2011. The European Court of Human Rights had upheld the ban in 2014.
Important takeaways for all competitive exams:
- Switzerland Currency: Swiss franc.
- Switzerland Capital: Bern.
Ashwin, Beaumont Win ICC Player of Month Awards for February
India spinner Ravichandran Ashwin was awarded the ICC Player of the Month award for February, the International Cricket Council (ICC). Ashwin beat England captain Joe Root and West Indies’ Kyle Mayers to the award. Ashwin played a crucial role with bat and ball as India raced to a 2-1 lead over England in their four-match Test series in February before eventually winning the series 3-1 in March. He was the highest wicket-taker in the series with 32 scalps and scored a century in the second Test in Chennai.
Meanwhile, England opener Tammy Beaumont won the ICC Women’s Player of the Month for February. Beaumont was the overwhelming winner after she played three ODIs in February against New Zealand where she passed fifty in each of these, totalling 231 runs. She beat her teammate Natalie Sciver and New Zealand’s Brooke Halliday to the award.
Important takeaways for all competitive exams:
- Chairman of ICC: Greg Barclay.
- CEO of ICC: Manu Sawhney.
- Headquarters of ICC: Dubai, United Arab Emirates.
India-New Zealand World Test Championship final in Southampton
India will play their inaugural World Test Championship final against New Zealand at Southampton’s Ageas Bowl Stadium, England from June 18-22. Initially, the final was supposed to be held at the Lord’s but Southampton, with a five-star facility inside the stadium, will make it easier for both the ICC and the England and Wales Cricket Board to create a bio-bubble for the two teams.
