25th February 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 25th February 2021 covering the following news headlines: National Urban Digital Mission, Flower Processing Centre, India’s First Digital University, Lal Lakir.

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 25th February 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. National Urban Digital Mission Launched by Centre

• Union Housing and Urban Affairs Minister, Hardeep Singh Puri and Minister of Electronics and IT Ravi Shankar Prasad launched the National Urban Digital Mission’ (NUDM) at a virtual event, to create a digital infrastructure for cities in India.
• The NUDM has been launched jointly by the Ministry of Housing and Urban Affairs along with the Ministry of Electronics and Information Technology.
• The mission aims to put in place a “citizen-centric” and “ecosystem-driven” approach to ‘urban governance and service delivery in cities by 2022, and across all cities and towns by 2024. The mission has three pillars – people, process, and platform.
• The NUDM will create a shared digital infrastructure for Urban India that can consolidate and cross-leverage the various digital initiatives of the Ministry of Housing and Urban Affairs, to enable cities and towns across India to benefit from holistic and diverse forms of support, in keeping with their needs and local challenges.
• Apart from this, several other digital initiatives of MoHUA was also launched which includes: India Urban Data Exchange (IUDX), SmartCode platform, Smart Cities 2.0 website, and Geospatial Management Information System (GMIS).

International News

2. China Surpasses US to become India’s top trade partner in 2020

• China has regained its position as the top trading partner of India in 2020, which was held by the United States, since 2018-19. The two-way trade between India and China stood at $77.7 billion in 2020 despite the conflict along the Line of Actual Control (LAC) and the rising anti-China sentiment.
• The India-US bilateral trade stood at $75.9 billion, according to provisional data from the commerce ministry. Meanwhile, the UAE continues to remain India’s third-biggest trading partner.

Important takeaways for all competitive exams:

• China Capital: Beijing.
• China Currency: Renminbi.
• China President: Xi Jinping.

State News

3. Karnataka to set up a Flower Processing Centre

• The Karnataka State Horticulture Department is setting up a “Flower Processing Centre”, in collaboration with the International Flower Auction Bangalore (IFAB), to convert unsold flowers into various useful products.
• The facility will provide support to the flower farmers who suffer huge losses whenever there is a glut or market disruption. Growers can learn the art of flower processing from the centre.
• The incubation centre will process flowers and convert them to value-added products such as natural dyes, floral papers, incense sticks, flower petal powder for cosmetic usage, floral embedded works, floral arts, and silica-stored flowers.

Important takeaways for all competitive exams:

• Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.

4. Kerala Governor Inaugurates India’s First Digital University

• Governor of Kerala, Arif Mohammed Khan has inaugurated India’s first Digital University named Kerala University of Digital Sciences, Innovation and Technology. A Digital University has been set up in Kerala’s Technocity, Mangalapuram.
• Kerala University is established by upgrading the two-decade-old state government’s Indian Institute of Information Technology and Management Kerala (IIITM-K).
• India’s first Digital University will focus on postgraduate programmes and research along with building strong industry-academic and academic-academic linkages with leading institutions in India and abroad.
• Developed on a 10-acre campus in Technocity, the university will provide education to 12,000 residential scholars on the campus and many technology-linked learners outside. The university seeks to lead the Digital Transformation Initiatives announced by the Kerala Government in the Budget 2021.

Important takeaways for all competitive exams:

• Kerala CM: Pinarayi Vijayan.
• Kerala Governor: Arif Mohammad Khan.

5. Punjab Cabinet approves mission ‘Lal Lakir’ in all villages

• The Punjab Cabinet has approved the implementation of the mission ‘Lal Lakir’ aimed at facilitating villagers to monetise property rights and availing benefits provided by government departments, institutions and banks in all villages across the state.
• As no record of rights is available for such properties within the ‘Lal Lakir’, the same cannot currently be monetised as per the real value of the property and no mortgages can be created on such properties.
• The right of record of properties within ‘Lal Lakir’ in the villages of the state will be prepared with the cooperation of the government of India under the SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme.
• This will enable mapping the land, households, habitation and all other areas falling within ‘Lal Lakir’. It will go a long way in improving the living standard of villagers and boosting their self-esteem.
• There are households within the ‘Lal Lakir’, which do not own property other than the areas within the ‘Lal Lakir’, and are thus at a disadvantage when it comes to monetising or realising the real value of the property, according to a government statement.
• ‘Lal Lakir’ refers to land that is part of the village ‘abaadi’ (habitation) and is used for non-agriculture purposes only.

Important takeaways for all competitive exams:

• Punjab CM: Captain Amarinder Singh.
• Punjab Governor: V.P.Singh Badnore.

Appointments News

6. Vijay Sampla takes charge as Chairman of National Commission for SC

Agreements News

7. India, AIIB sign agreement to improve Assam power transmission

• The Government of India and the Asian Infrastructure Investment Bank (AIIB) has signed a $304 million loan agreement on February 23, 2021, for the Assam Intra-State Transmission System Enhancement Project.
• The project aims to improve the reliability, capacity and security of the power transmission network in the northeastern state of Assam.
• It includes constructing 10 transmission substations and laying transmission lines with the associated infrastructure, upgrade 15 existing substations, and transmission lines and existing ground wire to optical power ground wire and provide technical assistance to support project implementation.
• The total estimated cost of the project is $365 million. AIIB will finance $304 million while the remaining funding of $61 million will be done by the state government.

Important takeaways for all competitive exams:

• President of Asian Infrastructure Investment Bank: Jin Liqun.
• Headquarters of AIIB: Beijing, China.
• AIIB established: 16 January 2016.

Summits and Conferences News

8. Gajendra Singh Shekhawat inaugurates ICOLD Symposium

Banking News

9. ICICI Bank launches ‘Namma Chennai Smart Card’

• ICICI Bank has announced the launch of a Common Payment Card System (CPCS) in partnership with the Greater Chennai Corporation (GCC) and Chennai Smart City Limited (CSCL) to provide citizens with a one-stop solution for making various kind of payments.
• The prepaid card also facilitates retail payments within Chennai as well as in retail stores and e-commerce websites across the country. This will offer a common payment card platform to residents for making payments for various services within the city.
• The Namma Chennai Smart Card has various features, which residents can manage seamlessly online on a dedicated customer portal*. These include features like card block/unblock, activation, pin-reset, etc.
• Additionally, in the coming days, residents will also be able to reload the card digitally through UPI on the customer portal or the iSmart City app. Customers will also get exciting discount offers on the card around the year, which will be promoted in the coming days on the Bank’s website.
• Users also have the option to manage the card online through a dedicated customer portal or the iSmart City app.

Important takeaways for all competitive exams:

• ICICI Bank Headquarters: Mumbai, Maharashtra.
• ICICI Bank MD & CEO: Sandeep Bakhshi.
• ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Awards News

10. Biden admn names Anjali Bharadwaj for anti-corruption award

• Anjali Bharadwaj, an Indian social activist working on issues of transparency and accountability, is one of the 12 “courageous” individuals named by the Biden administration for the newly-instituted International Anti-Corruption Champions Award.
• The 48-year-old Bhardwaj has served as an active member of the Right to Information Movement in India for over two decades. She is the founder of the Satark Nagrik Sangathan (SNS), a citizens’ group which promotes transparency and accountability in government and encourage the active participation of citizens.
• The Biden administration has announced this International Anti-Corruption Champions Award, to recognise individuals who have worked tirelessly, often in the face of adversity, to defend transparency, combat corruption, and ensure accountability in their own countries, so as to combat such issues.

Books and Authors News

11. Kabir Bedi’s autobiography to release in April

• Veteran actor Kabir Bedi will tell his life story in his memoir, which will be released in April. Entitled “Stories I Must Tell: An Actor’s Emotional Journey,” the actor will provide an honest glimpse into his life.
• The book will take readers through the ups and downs of Kabir Bedi’s life, both professional and personal. He will also talk about his relationships, including marriage and divorce, why his beliefs have changed, and his days in movies, television and theatres in India, Europe and Hollywood.

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25th February 2021 Current Affairs | Current Affairs Today | Daily Current Affairs 2021

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