Daily Current Affairs – 4 November 2021 | Gkseries
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Daily Current Affairs 4 November 2021
Industry chamber Federation of Indian Chambers of Commerce & Industry said Arun Chawla has been appointed as its new director-general. Chawla will assume charge with immediate effect. He joined Ficci in 2011 and is currently the deputy secretary-general of the chamber. He joined the Federation of Indian Chambers of Commerce & Industry in 2011 and is currently the deputy secretary-general of the chamber.
Indian Grandmaster (GM) P Iniyan has won the 5th Rujna Zora chess tournament held at Serbia. International Master (IM) Makarian Rudik of Russia finished 2nd and another Indian Player V S Raaghul finished 3rd and IM S. Nitin placed 4th. P Iniyan is the 16th Indian Grand Master from Erode, Tamil Nadu. His current FIDE rating is 2556.
World’s richest person Elon Musk-owned SpaceX has incorporated its wholly-owned subsidiary in India to start local broadband operations.
SpaceX’s satellite broadband arm Starlink aims to start broadband services in India from December 2022, with 2 lakh active terminals subject to permission from the government.
The company is charging a deposit of USD 99 or Rs 7,350 per customer and claims to deliver data speeds in the range of 50 to 150 megabits per second in the beta stage.
The services of the company will compete with that of Reliance Jio, Bharti Airtel, Vodafone Idea in broadband and it will be a direct competitor to Bharti Group-backed OneWeb. The company is keen to work in rural areas for providing broadband services.
Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.
The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit up to ₹46 lakh; air accident cover of ₹1 crore.
Union Minister of Power, New and Renewable Energy R K Singh inaugurated the diversion of Marusudar River of Pakal Dul Hydro Electric Project in Kishtwar district of Jammu & Kashmir.
Pakal Dul HE Project (1,000 MW) is being constructed by Chenab Valley Power Projects Pvt Limited (CVPPPL) and Jammu and Kashmir State Power Development Corporation.
Marusudar River is a major tributary of the Chenab River. Diversion of the River will pave the way for acceleration in construction activities of the Project.
India’s premium public sector bank, Bank of Baroda (BoB), on November 2 announced the signing of a Memorandum of Understanding (MoU) with NCDEX e Markets Ltd (NeML), to become a ‘clearing bank’ for the online, commodities’ market place and procurement platform.
NEML, a wholly-owned subsidiary of agricultural commodity exchange, NCDEX, is an online commodities spot market and services company. The bank will partner with agriculture marketing federations and other procurement agencies across the country.
State Bank of India (SBI) has launched a pre-approved 2-wheeler loan scheme ‘SBI Easy Ride’ through its YONO platform. Eligible SBI customers can avail of end-to-end digital two-wheeler loans through the YONO app without visiting the bank branch.
Customers can apply for the Easy Ride loan for an amount up to Rs 3 lakh at a competitive interest rate of 10.5% per annum onwards for a maximum tenure of 4 years
The minimum loan amount has been fixed at Rs 20,000. The loan will be disbursed directly into the dealer’s account.
Home Minister Amit Shah launched the ‘Ayushmaan CAPF’ Scheme health cards at the national level in New Delhi.
The scheme has been designed to cover all serving personnel and their dependents of the seven Central Armed Police Forces. He handed over ‘Ayushmaan CAPF’ Scheme health cards to the Director-General, National Security Guard for distribution to NSG personnel. The scheme is a joint initiative of the Home Ministry, Health Ministry, and National Health Authority (NHA).
Prime Minister Narendra Modi, along with UK PM Boris Johnson, launched ‘Infrastructure for the Resilient Island States’ (IRIS) on the sidelines of the climate summit in Glasgow, on Tuesday, 2 November.
It is aimed at achieving sustainable development through a systematic approach to resilient, sustainable, and inclusive infrastructure in Small Island Developing States. The launch of IRIS gives new hope, confidence, and satisfaction of doing something for the most vulnerable countries. Co-hosted by Australia and UK, the IRIS launch event saw over 100 attendees.
ICICI Lombard partners with Vega to offer personal accident insurance cover. Customers will get access to a personal accidental policy on every online purchase of Vega Helmet.
The personal accident insurance policy will provide individuals with the benefit of accidental death with sum insured of ₹1 lakh. The cover is applicable on a worldwide basis. The tie-up aims to give the customer dual safety and protection, through the helmet and the personal accident insurance cover.