Latest Current Affairs Daily Update

03rd April 2021 Current Affairs in English

Important Days

World Autism Awareness Day: 02 April

The World Autism Awareness Day is observed internationally on 2 April every year, to raise awareness about people with Autism Spectrum Disorder (ASD) throughout the world.

The 2021 World Autism Awareness Day observance will address these issues through a virtual event that will include moderated panel discussions with individuals on the autism spectrum who have themselves experienced the challenges and seen these new opportunities in the employment market.

The very first World Autism Day was observed in the year 2008 on April 2. It was adopted by the United Nations General Assembly on 18 December 2007. World Autism Day is one of only seven official health-specific UN Days.

International Children’s Book Day: 02 April

International Children’s Book Day (ICBD) is organised annually on 2nd April since 1967, by the International Board on Books for Young People (IBBY), an international non-profit organization, to inspire a love of reading and to call attention to children’s books.

Theme 2021: “The Music of Words.” Each year a different National Section of IBBY has the opportunity to be the international sponsor of ICBD and decide upon a theme. The IBBY United States is the sponsor for International Children’s Book Day 2021.

Useful notes for all competitive exams:

  • International Board on Books for Young People Founder: Jella Lepman.
  • International Board on Books for Young People Founded: 1953, Zürich, Switzerland.
  • International Board on Books for Young People Headquarters: Basel, Switzerland.

National News

Centre withdraws order cutting interest rates on small savings schemes

The government has withdrawn its order slashing interest rates on small savings schemes, including National Savings Certificates (NSC) and Public Provident Fund (PPF), for the first quarter of 2021-22.

Earlier on March 31, 2021, the Finance Ministry had announced a sharp cut in interest rates for small savings schemes by 50-110 basis points. Interest rates for small savings schemes are notified on a quarterly basis.

However, the orders issued were withdrawn by the government on April 01, 2021. This marks the fourth consecutive quarter that the government has maintained the rates on such schemes that are effective from April 1 and remain in effect till June 30, 2021.

Ghaziabad Nagar Nigam in Uttar Pradesh lists itself at BSE

Ghaziabad Nagar Nigam listed itself at BSE and successfully raised Rs. 150 Crores by issuing Municipal Bond on Private Placement Basis using BSE BOND. This is the first-ever green bond issuance by any Municipal Corporation in the country.

The money will be used for the construction of a tertiary sewage treatment plant at Indirapuram in Ghaziabad. The money will be used to fund the project partly which is worth Rs 240 crore. This treatment plant will enable the sewage water to be used for industries after treatment.

Ghaziabad Nagar Nigam is the second Municipal Corporation to raise funds in the state of Uttar Pradesh. Earlier, Lucknow Municipal Corporation had listed itself at BSE.

Useful notes for all competitive exams:

  • Uttar Pradesh Capital: Lucknow.
  • Uttar Pradesh Governor: Anandiben Patel.
  • Uttar Pradesh Chief minister: Yogi Adityanath.

Appointments News

Subhash Kumar takes additional charge as CMD of ONGC

Subhash Kumar has assumed the additional charge as Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC) on April 01, 2021. He is serving as Director (Finance) at ONGC.

Kumar succeeds incumbent CMD, Shashi Shanker, who superannuated on March 31, 2021.

Useful notes for all competitive exams:

  • Oil and Natural Gas Corporation Headquarters: Vasant Kunj, Delhi.
  • Oil and Natural Gas Corporation CEO: Shashi Shanker (1 Oct 2017–).
  • Oil and Natural Gas Corporation Founder: Government of India.
  • Oil and Natural Gas Corporation Founded: 14 August 1956.

Mukhmeet S. Bhatia takes over as Director-General of ESIC

Senior IAS officer, Mukhmeet S. Bhatia took over the charge of Director General of Employees’ State Insurance Corporation (ESIC) on April 04, 2021. He is a 1990 IAS Officer of the Jharkhand cadre.

Earlier, he has worked as the Additional Secretary in the Department of Economic Affairs, Ministry of Finance. ESIC is a Statutory and an Autonomous Body under the Ministry of Labour and Employment.

Useful notes for all competitive exams:

  • Employees’ State Insurance Corporation Founded: 24 February 1952.
  • Employees’ State Insurance Corporation Headquarters: New Delhi.

Defence News

Indian Army to participate in Military Exercise SHANTIR OGROSHENA 2021

A multinational Military Exercise named ‘SHANTIR OGROSHENA’ 2021 (Front Runner of the Peace) is scheduled to be held in Bangladesh from April 04 to 12, 2021.

The theme of the exercise is “Robust Peace Keeping Operations”. The exercise is being held to commemorate the birth centenary of Bangladesh ‘Father of the Nation’ Bangabandhu Sheikh Mujibur Rahman and mark glorious 50 years of liberation of the country.

The Indian Army is also participating in this multinational exercise, along with a contingent of the Royal Bhutan Army, Sri Lankan Army and Bangladesh Army.

The Indian contingent will comprise 30 personnel including Officers, JCOs and Jawans of a Battalion from The DOGRA Regiment.

USA, UK, Turkey, Kingdom of Saudi Arabia, Kuwait and Singapore will also attend the exercise as Military observers.

4th batch of three Rafale fighter jets land in India

The fourth batch of three Rafale fighter jets landed in India after flying non-stop from Istres Air Base France, in a further boost to the strike capability of the Indian Air Force (IAF). The Rafale fighter jets were provided mid-air refuelling by air force tankers of the United Arab Emirates (UAE).

The three Rafale fighter aircraft which took off from France for India were scheduled to land at the Jamnagar airbase. The planes equipped with the Hammer missiles have enhanced their capability to carry out air-to-ground strikes like the one in Balakot.


Economy News

UNESCAP: India’s Economic Growth Of 7% in 2021-22

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) said in the latest update that, India’s is estimated to record economic growth of 7% in 2021-22, over a contraction of 7.7% witnessed in the previous fiscal on account of the pandemic’s impact on normal business activity.

It also noted that maintaining low borrowing costs while keeping non-performing loans in check would be a challenge.

Useful notes for all competitive exams:

  • UNESCAP Founded: 28 March 1947.
  • UNESCAP Headquarters: Bangkok, Thailand.

Ranks and Reports

India ranks 140th in WEF’s gender gap index 2021

India has slipped 28 places to rank 140 among 156 countries in the Global Gender Gap Report 2021, by World Economic Forum. In 2020, India ranked 112th among 153 countries.

Iceland has topped the index as the most gender-equal country in the world for the 12th time. Afghanistan is the worst-performing country in the report.

Iceland, Finland, Norway, New Zealand, Rwanda, Sweden, Ireland and Switzerland.

The Global Gender Gap Report 2021 is the 15th edition of the annual publication by WEF.

The Global Gender Gap Index was first introduced by the World Economic Forum in 2006 to compare countries’ gender gaps across four dimensions: economic opportunities, education, health and political leadership.

Useful notes for all competitive exams:

  • World Economic Forum Headquarters: Cologny, Switzerland.
  • World Economic Forum Founder: Klaus Schwab.
  • World Economic Forum Founded: January 1971.

Science and Technology

Facebook and Google to build new cables under the sea called ‘Echo’ and ‘Bifrost’

Facebook and Google are planning to build new subsea cables from the US to Singapore and Indonesia.

Facebook has partnered with leading regional and global partners to build two new subsea cables Echo and Bifrost that will provide vital new connections between the Asia-Pacific region and North America.

While Google is only investing in Echo. These cables will increase overall transpacific capacity by 70 per cent.

These projects are still subject to regulatory approvals, when completed, these cables are expected to deliver much-needed Internet capacity, redundancy, and reliability. The announcements come at a time when the Covid-19 pandemic has increased the need for reliable Internet access.

Useful notes for all competitive exams:

  • Google CEO: Sundar Pichai.
  • Google Founded: 4 September 1998, California, United States.
  • Google Founders: Larry Page, Sergey Brin.
  • Chief Executive Officer of Facebook: Mark Zuckerberg.
  • Facebook Headquarters: California, US.

Paytm Money opens new R&D centre in Pune

Online investment platform Paytm Money has set up a new R&D facility in Pune, Maharashtra, which will drive product innovation, especially in the area of equity, mutual funds, and digital gold.

The company added that it plans to hire over 250 engineers and data scientists to build new wealth products and services.

Paytm Money aims to achieve over 10 million users and 75 million yearly transactions in FY21, with the majority of users coming from small cities and towns.

Useful notes for all competitive exams:

  • Paytm HQ: Noida, Uttar Pradesh;
  • Paytm Founder & CEO: Vijay Shekhar Sharma.
  • Paytm Money CEO: Varun Sridhar.

Awards News

Legendary Actor Rajinikanth to be honoured with 51st Dadasaheb Phalke Award

The legendary actor Rajinikanth has been selected to be honoured with the 51st Dadasaheb Phalke Awards, the highest film honour in India.

The iconic actor Rajinikanth will receive the Dadasaheb Phalke award for 2019 for his stupendous contribution to Indian cinema. Rajinikanth will receive the Dadasaheb Phalke Award on May 3, 2021.

Rajinikanth is the 12th South Indian to get this award. Legends like Dr Rajkumar, Akkineni Nageshwar Rao, K Balachander have been awarded before. The legendary actor has been honoured with the Padma Bhushan and Padma Vibhushan in the past.


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