07th April 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 07th April 2021 covering the following news headlines: Atal Innovation Mission, ACT-Accelerator, World Health Day, International Monetary Fund, Defence Research and Development Organisation.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 07th April 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. India completes arch of world’s highest railway bridge in J&K

• The construction of the arch of the world’s highest railway bridge that soars 359 metres above the bed of the Chenab river in Jammu and Kashmir was completed.
• The 1.3-kilometre-long bridge aims to boost connectivity to the Kashmir Valley and it is being constructed at a cost of ₹ 1,486 crores as part of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project.

Features of the Arch of the iconic Chenab Bridge:

• The construction of the Chenab bridge was declared as a national project in 2002.
• Indian Railways is constructing the iconic Arch Bridge on River Chenab as a part of the USBRL project to connect the Kashmir valley to the rest of the nation.
• This bridge is 1315m long.
• This is the highest Railway Bridge in the world being 359m above the river bed level.
• The most sophisticated ‘Tekla’ software used for structural detailing.
• Structural steel was suitable for -10°C to 40°C temperature.
• Bridge designed to withstand high wind speed up to 266 Km/Hour.

International News

2. Carl Bildt appointed WHO special envoy for ACT-Accelerator

• Tedros Adhanom Ghebreyesus, the director-general of the World Health Organization (WHO), appointed Carl Bildt as WHO Special Envoy for the Access to COVID-19 Tools Accelerator (ACT-Accelerator).
• Bildt succeeds Ngozi Okonjo-Iweala and Andrew Witty in the special envoy role. He will help lead the collective advocacy for the ACT-Accelerator in his new role, mobilising support and resources so it can deliver against its strategy for 2021.
• The ACT-Accelerator is a groundbreaking global collaboration to accelerate development, production, and equitable access to novel coronavirus disease (COVID-19) tests, treatments and vaccines, according to the WHO website.
• It brings together governments, scientists, businesses, civil society, and philanthropists and global health organizations.
• These include the Bill & Melinda Gates Foundation, CEPI, FIND, Gavi, The Global Fund, Unitaid, Wellcome, the WHO and the World Bank.

Appointments News

3. Justice N V Ramana to assume charge as next CJI

• The senior-most Supreme Court judge Justice Nuthalapati Venkata Ramana has been appointed as the next Chief Justice of India (CJI).
• Justice Ramana would succeed incumbent CJI Sharad Arvind Bobde to take over as the 48th CJI. He would assume charge of the office from April 24, 2021, till August 26, 2022.

Important takeaways for all competitive exams:

4. Cabinet Appoints Tarun Bajaj as new Revenue Secretary

• The Central Government has approved the appointment of Tarun Bajaj as the new Revenue Secretary under the Ministry of Finance.
• Prior to this, Bajaj, a 1988 batch Haryana-cadre IAS officer, was serving as the Economic Affairs Secretary since April 30, 2020.
• The cabinet has also approved the appointment of Ajay Seth, a 1987 batch Karnataka-cadre IAS officer, as new Economic Affairs Secretary in place of Bajaj.

5. Chintan Vaishnav appointed as Mission Director of Atal Innovation Mission

• Noted socio-technologist, Dr Chintan Vaishnav has been appointed the mission director of Atal Innovation Mission (AIM), the government’s flagship initiative under NITI Aayog.
• Vaishnav will take over from Ramanathan Ramanan later this month. Ramanan has been leading AIM as its first mission director since June 2017.
• Vaishnav is currently at the Massachusetts Institute of Technology (MIT), US. He holds a PhD in technology, management, and policy from MIT.

Defence News

6. DRDO develops Advanced Chaff Technology to safeguard naval ships

Economy News

7. IMF revises GDP growth forecast of India to 12.5% for FY22

• International Monetary Fund (IMF) has raised its growth forecast for the Indian economy by 100 basis points to 12.5 per cent for the fiscal year 2021-22. GDP growth for FY23 is pegged at 6.9 per cent.
• The revised forecast was published in the IMF’s World Economic Outlook. India is the only country among major world economies that is projected to grow at a double-digit rate during FY22.

8. RBI Monetary Policy: Policy Rate unchanged

• The six-member monetary policy committee of the Reserve Bank of India (RBI) headed by Governor Shaktikanta Das, has decided to keep key lending rates unchanged for the fifth consecutive time, in its April 2021 policy review meeting held between April 5 to 7, 2021.
• The Reserve Bank of India is likely to keep policy rates unchanged amid the uncertainty created by a fresh surge in coronavirus infections.

The key decisions taken in the Monetary Policy Committee meeting are:

• Policy Repo Rate: 4.00%
• Reverse Repo Rate: 3.35%
• Marginal Standing Facility Rate: 4.25%
• Bank Rate: 4.25%
• CRR: 3%
• SLR: 18.00%

Ranks and Reports News

9. Jeff Bezos tops Forbes’ Annual Billionaire list fourth year in a row

• The Amazon.com Inc founder, Jeff Bezos has topped Forbes’ annual world’s billionaires list for the fourth consecutive year. India’s richest billionaire Mukesh Ambani ranked at 10th position with a total net worth of USD 84.5 billion.
• The 35th edition Forbes World’s Billionaires list was released on April 06, 2021, comprising a record-breaking 2,755 billionaires. The list is prepared based on the wealth using stock prices and exchange rates from March 5, 2021.

Top five billionaires on the list :

Important News

10. World Health Day observed globally on 7 April

• The World Health Day is a global health awareness day celebrated on 7 April every year. On April 7th every year, governmental as well as non-governmental health organizations organize events that focus on promoting healthier habits of living.
• From exciting activities to pledges and support plans, these events aim to create awareness about what can increase the life expectancy of people around the world. The Theme of World Health Day 2021: “Building a fairer, healthier world for everyone”.

Important takeaways for all competitive exams:

• President of the World Health Organisation: Tedros Adhanom.
• Headquarters of WHO: Geneva, Switzerland.
• WHO founded: 7 April 1948.

Obituaries News

12. Former Union Minister and Gujarat MLA Digvijaysinh Zala passes away

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