28th February and 1st March 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 28th February and 1st March 2021 covering the following news headlines: National Science Day, India Toy Fair, Fino Payments Bank, G20 Central Bank Governors’ meeting, ISRO.

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 28th February and 1st March 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. PM Modi inaugurates first-ever India Toy Fair 2021

• Prime Minister Narendra Modi has inaugurated the first-ever Indian Toy Fair 2021 via video conference during which he urged the country to become ‘Atmanirbhar’ in the toy manufacturing sector.
• The Ministry of Textiles, in collaboration with other ministries, including the Ministry of Education, has organised the virtual event with an aim to provide joyful learning to children by including them in teaching and learning as well as promoting the indigenous toy industry. The toy fair is divided into five stages — pre-school to Class II, primary, upper primary, secondary and senior secondary.
• The idea of a toy fair emerged from Prime Minister Narendra Modi’s Mann Ki Baat address on August 30, 2020, where he highlighted the huge potential of the toys market and the opportunities that can be tapped to promote indigenous toys.
• Aimed at providing a platform to states to develop toys reflecting the history, culture and social milieu specific to the states and also to revive traditional and indigenous toys in the lives of children, the national toy fair claims to also boost the economy by supporting local toy industry under ‘Atamnirbhar Bharat’. 

States News

2. 39th Agartala International Book Fair begins at Tripura

• In Tripura, the 39th Agartala International Book Fair with the theme “Ek Tripura, Shrestha Tripura” has begun at Agartala.
• State Chief Minister Biplab Kumar Deb has inaugurated the fair in presence of Bangladesh Assistant High Commissioner Md. Jobayed Hossain and other state cabinet ministers and MLAs.
• This book fair helps in building a positive mindset among people and that ensures a positive approach for overall progress in society. Cultural troops coming from Bangladesh, Northeastern States including Sikkim will be performing various cultural events on each day as part of the fair.

Important takeaways for all competitive exams:

• Chief Minister of Tripura: Biplab Kumar Deb; Governor: Ramesh Bais.

Banking News

3. Fino Payments Bank upgraded to scheduled commercial bank status

• Reserve Bank of India has notified that it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934.
• All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
• Scheduled Commercial Banks in India are categorised into five different groups according to their ownership and/or nature of the operation.

Important takeaways for all competitive exams:

• Chairman of Fino Payments Bank: Prof Mahendra Kumar Chouhan.
• Fino Payments Bank established: 13 July 2006.
• MD & CEO of Fino Payments Bank: Rishi Gupta.
• Headquarters of Fino Payments Bank: Mumbai, Maharashtra.

Science and Technology News

5. ISRO’s PSLV-C51 launches Brazil’s Amazonia-1 satellite

• India’s Polar rocket has successfully launched Amazonia-1 of Brazil and 18 other satellites from the spaceport here, in the first mission of the year for space agency ISRO.
• The Polar Satellite Launch Vehicle PSLV-C51 lifted from the first launch pad of the Satish Dhawan Space Centre (SHAR) and first injected into orbit primary payload Amazonia-1.
• The 637-kg Amazonia-1 which became the first Brazilian satellite to be launched from India is an optical earth observation satellite of the National Institute for Space Research (INPE).
• After a gap of over one-and-half hours, the co-passenger satellites, including one from Chennai- based Space Kidz India (SKI), which is engraved with a picture of Prime Minister Narendra Modi, were launched subsequently one after another in the space of ten minutes in a textbook launch.
• SKI’s Satish Dhawan Satellite (SD-SAT) also carried Bhagavad Gita in a Secured Digital card format.

Important takeaways for all competitive exams:

• ISRO Chairman: K.Sivan.
• ISRO Headquarters: Bengaluru, Karnataka.
• ISRO established: 15 August 1969.

Awards News

7. PM Modi to receive global energy and environment leadership award

• Prime Minister Narendra Modi will receive the CERAWeek global energy and environment leadership award during an annual CERAWeek Conference-2021. The award is given to him for his commitment to sustainability in energy and the environment.
• The CERAWeek Conference-2021 will be held virtually from March 1 to 5, 2021. It is an annual international conference that brings together the energy industry leaders, experts. Policymakers Government officials, leaders from the technology, energy technology innovators and financial & industrial communities.

Sports News

8. Indian Women’s League 2020-21 to be hosted in Odisha

• All India Football Federation confirms Odisha as the venue for the forthcoming Hero Indian Women’s League 2020-21 edition.
• This is the fifth edition of IWL, the top division women’s league in India. The Odisha government is a strategic partner of the AIFF (All India Football Federation) as it provides the necessary infrastructure to various men and women age-group teams.
• AIFF appreciates Odisha Government’s longstanding partnership with Indian Football wherein the latter have been providing its stadia and State of the Art training facilities to National Teams across various age groups and genders – all in an effort to take Indian Football forward together.

Important takeaways for all competitive exams:

• President of AIFF: Praful Patel.
• AIFF founded: 23 June 1937.
• FIFA affiliation of AIFF: 1948.
• Headquarters of AIFF: Dwarka, Delhi.

Books and Authors News

9. A book titled “Advantage India: The Story of Indian Tennis” by Anindya Dutta

• Anindya Dutta, a banker turned author, penned a new book titled “Advantage India: The Story of Indian Tennis”, a chronicle of Indian Tennis.
• Advantage India is a well-researched account of the journey of Indian tennis, with a special section on the Doubles game and on women’s tennis in India. The book is published by Westland publications.
• The book provides an extensive history of Indian tennis on both men’s and women’s side.
• The book is the result of the detailed research of Anindya Dutta on the data from the archives of the Ministry of Information and Broadcasting and British newspapers from the past 200 years.
• The book features pre-independence players like Mohammed Sleem, the Fyzee brothers, S.M. Jacob and Ghaus Mohammed and tennis icons like Dilip Bose, Sumant Misra, Naresh Kumar and Ramanathan Krishnan.
• This also features Rohan Bopanna and Sania Mirza who transformed Women’s Tennis in India.

Important Days

9. National Science Day: 28 February

• National Science Day is celebrated all over India on 28th February. On this day, Sir CV Raman had announced the discovery of the Raman Effect for which he was awarded the Nobel Prize in 1930. The government of India designated 28 February as National Science Day (NSD) in 1986.
• The theme for this year’s National Science Day is ‘Future of STI: Impact on Education Skills and Work’. The National Science Day 2021 aims to motivate the students to gain hands-on experience in the field of science.
• Dr CV Raman was a renowned scientist who had a bachelors’ and masters’ in Physics from the Presidency College in Madras. He took part in numerous science competitions along with the government job. Afterwards, he received a scholarship from the Indian government.

10. Rare Disease Day: February 28, 2021

• Rare Disease Day is observed every year on the last day of February. This year in 2021 it falls on February 28, 2021.
• The day is observed to raise awareness for rare diseases and improve access to treatment and medical representation for individuals with rare diseases and their families. Rare Disease Day was first launched by  European Organisation for Rare Diseases (EURORDIS) and its Council of National Alliances in 2008.

Important takeaways for all competitive exams:

Miscellaneous News

12. Saras Aajeevika Mela opens at Noida Haat

• The Saras Aajeevika Mela 2021 is underway at Noida Haat. The fair was inaugurated by Union Minister Narendra Singh Tomar.
• Narendra Singh Tomar while inaugurating the event highlighted that the Ministry of Rural Development is working to include more women under the Self-Help Groups (SHGs).
• SHGs played a vital role in increasing family income and improving quality of life. More than 300 rural self-help groups and craftsman from 27 states are participating in the Mela which is being run by the Ministry of Rural Development. 

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