20 May 21 Content Final

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News detail on 20 May 2021 AWARDS & RECOGNITIONS

Prof Shankar Balasubramanian & Prof David Klenerman won 2020 Millennium Technology Prize by TAF Cambridge University chemists – Professor Shankar Balasubramanian and Professor David Klenerman won the 2020 Millennium Technology Prize for the development of revolutionary DNA sequencing techniques – Next Generation DNA Sequencing (NGS). The award is presented by

the Technology Academy Finland (TAF). • Shankar Balasubramanian and David Klenerman jointly invented the Solexa-Illumina Next Generation DNA Sequencing (NGS), which

enables fast, accurate, low cost and large scale genome sequencing. • Sauli Niinisto, President of the Republic of Finland and the Patron of

the prize presented the award over a virtual ceremony.

Note: The 2020 award marks the first time where the award is presented to

more than one recipient for the same innovation.

About the Millennium Technology Prize: i.The Millennium Technology Prize was instituted by the TAF in 2004

which is awarded at an interval of 2 years. ii.The award highlights the extensive impact of science and innovation on the wellbeing of society. The award carries a cash prize of 1 million euro (around Rs. 8.9 crores).

iii.Sir Tim Berners-Lee received the award in 2004 for his discovery of the World Wide Web.

About Shankar Balasubramanian & David Klenerman:


i.Shankar Balasubramanian is an India-born British professor of medicinal chemistry and David Klenerman is a British biophysical chemist.

ii.They are the co-founders of the company – ‘Solexa’, to make technology more broadly available to the world.

About NGS: i.The method of NGS involves fragmenting sample DNA into many small pieces that are immobilised on the surface of a chip and locally amplified. ii.Using the NGS technology, the human genome can be sequenced in

one day at a cost of 1000 USD. iii.This also provides a better and quick understanding of the diseases.

About Technology Academy Finland (TAF): CEO– Markku Ellilä Headquarters– Espoo, Finland

Elon Musk Loses 2nd-Richest Ranking to Bernard Arnault; Jeff Bezos Tops: Bloomberg Billionaires Index On May 20, 2021, Tesla and SpaceX’s Chief Executive Officer Elon Musk lost his world’s 2nd-richest person position in Bloomberg Billionaires Index due to a sharp

drop in Tesla’s share by 2.2 percent. Musk was overtaken by LVMH Moët Hennessy Louis Vuitton’s Chairman Bernard Arnault. • Bernard Arnault’s net worth climbed by almost $47 billion to $161.2

billion due to a rise in the sale of his firm’s luxury goods in China and other parts of Asia.

Top 3 Richest Person: 1. Jeff Bezos (United States) 2. Bernard Arnault (France) 3. Elon Musk (United States)


Indian’s Position in the Index: As on May 20, 2021, Mukesh Ambani topped among Indian’s in the

list.He was ranked 13th Globally.He was followed by Gautam Adani(14th

Globally), Azim Premji (44 Globally).

About Elon Musk: i.Musk became the world’s richest person in January 2021 after Tesla’s shares surged almost 750 percent in 2020 due to a boom in technology-driven stocks. ii.He also held the top spot in the Bloomberg Billionaires Index in March 2021, now he has a

fortune of $160.6 billion, 24% down from its January value. iii.His Bitcoins also started falling suddenly as much as 15%, after he stated that Tesla was no longer accepting the digital currency as payment.

iv.Musk’s fortune has dropped about $9.1 billion in 2021, tracked by Bloomberg’s wealth index.

Tashi Yangjom-1st Indian Woman Climber To Scale Mt Everest in 2021 Mountaineer, Tashi Yangjom from Arunachal Pradesh becomes the 1st Indian Woman Climber to Scale the World’s highest Mountain, Mt

Everest (Elevation of 8,849 Metres) in 2021. She was trained at the National Institute of Mountaineering and Allied Sports (NIMAS) in Dirang, Arunachal Pradesh.

APPOINTMENTS & RESINGNATIONS Indian-origin Immunologist Sankar Ghosh Elected to National Academy of Sciences Indian-origin immunologist Sankar Ghosh has been elected to the prestigious National Academy of Sciences(NAS) in recognition of his “distinguished and continuing achievements in original research”. He is


one of the 120 newly elected members announced by the NAS. NAS is a private, non-profit institution established in 1863 by an Act of Congress, signed by President Abraham Lincoln.

• Sankar Ghosh is a Silverstein and Hutt Family Professor of Microbiology and the chair of the Department of Microbiology & Immunology at the Vagelos College of Physicians and Surgeons at

Columbia University. About NAS: President– Marcia McNutt Headquarters– Washington, DC, United States of America

ACQUISITION & MERGERS

CCI Approved – GPL to Acquire 100% Stake of YES AMC, YES Trustee; Adani port to Acquire 25% Stake of Krishnapatnam Port On May 18, 2021, the Competition Commission of India (CCI) approved

the acquisition of 100 percent equity shares of YES Asset Management Company (AMC) (India)(YES AMC) and YES Trustee Limited (YES Trustee) by GPL Finance and Investments Limited(GPL). • YES AMC and YES Trustee were the wholly-owned subsidiaries of

YES Bank. • Through these acquisitions, GPL will acquire Yes Mutual Fund and become its sole sponsor and it marks the exit of the YES bank from

the mutual fund market.

About GPL Finance: GPL is part of the White Oak Group, and it is a non-deposit taking and

non- systemically important Non-Banking Financial Company(NBFC), it is primarily engaged in the business of making investments in mutual


funds. (White Oak Investment Management Private Limited owns 99 percent of GPL)

-Adani Ports to acquire 25% stake of Krishnapatnam Port CCI approved the acquisition of the remaining 25% shareholding of Adani Krishnapatnam Port Limited(AKPL) by Adani Ports and Special Economic Zone Limited(APSEZL) from Vishwa Samudra Holdings for Rs

2,800 crore.

Key points: i.In October 2021, APSEZL has acquired 75 percent shareholding of

AKPL now, after the current acquisition APSEZL holds 100% shareholding of AKPL and will become the wholly-owned subsidiary. ii.APSEZL: It is a private multi-port operator and currently present at

11 ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. iii.AKPL: It is India’s 2nd largest private port, located in

Krishnapatnam, Andhra Pradesh and it is engaged as a developer and operator of an all-weather, deepwater multi-purpose port under Build-Operate-Share-Transfer concession from the Government of Andhra Pradesh.

About YES Bank: Establishment – 2004 Headquarters – Mumbai, Maharashtra MD &

CEO – Prashant Kumar Tagline– Experience our Expertise

About Adani Ports and Special Economic Zone Limited (APSEZ): Headquarters – Ahmedabad, Gujarat CEO– Karan Adani

Govt to Raise Rs 4,000 crore via Sale of 58 million shares in Axis Bank


The government(govt) sold 58 million shares in Axis Bank, which is held through the Specified Undertaking of the Unit Trust of India (SUUTI) to raise around Rs 4,000 crore.

• The shares are sold through the offer for sale (OFS) route. The OFS was made open for non-retail investors on May 19, 2021, and for retail investors on May 20, 2021

• 35 million shares/ 1.21 percent stake in Axis Bank was sold by govt as a base offer and the remaining 22 million shares/0.74 percent stake was sold under a green-shoe option. The floor price for the stake sale has been fixed at Rs 680 apiece.

Key points: i.On December 31, 2018, SUUTI held a 9.56 per cent stake in Axis

Bank, and it was reduced to 3.45 percent as of March 31, 2021. ii.SUUTI sold 6.14 million shares of Axis Bank in December 2021 to raise Rs 374 crore for the govt, and in November 2021 it had sold 3.6

million shares for Rs 221.47 crore. iii.In budget FY22, govt has set a target of Rs 1.75 lakh crore from disinvestments and strategic sales for FY22, and set to privatise 2 public sector banks and one general insurance company during FY22.

iv.Under which, it is planning IPO of Life Insurance Corporation and it has also announced the sale of Bharat Petroleum Corporation. v.In May 2021 The Cabinet Committee on Economic Affairs approved

the disinvestment and transfer of management control in the Industrial Development Bank of India (IDBI Bank). Note – Green shoe option is an option that allows companies to

intervene in the market to stabilise share prices during the 30-day

stabilisation period immediately after listing. The issuer company uses it during the initial public offer(IPO) to ensure that the shares price


on the stock exchanges does not fall below the issue price after the issue of shares.

About Axis Mutual Fund: Headquarters – Mumbai, Maharashtra MD & CEO – Chandresh Kumar Nigam

Adani Green to Acquire SB Energy India for EV of $3.5 billion On May 19, 2021, Adani Green Energy Limited (AGEL) agreed to acquire the 100 percent stake of SB Energy Holdings Limited at an

enterprise valuation(EV) of ~ $3.5 billion, the largest acquisition in the renewable energy sector in India.

Key points: i.Through this acquisition, AGEL will achieve a total renewable capacity of 24.3 GW and an operating renewable capacity of 4.9 GW, and it demonstrates AGEL’s intent to become the world’s

largest solar player by 2025 and thereafter the world’s largest renewable company by 2030. ii.SB Energy is a joint venture between Japan-based SoftBank Group Corp (80%) and Bharti Group (20%) and houses 4,954 MW of renewable assets in India.

About SB Energy Holdings Limited: Establishment – 2011 Representative Director & CEO – Shigeki Miwa About Adani Green

Energy Limited (AGEL): Headquarters – Ahmedabad, Gujarat MD & CEO – Vneet S. Jaain

Kotak Mahindra Bank Buys 46.7% stake in Kotak Mahindra Pension

Fund On 17th May 2021,Private lender Kotak Mahindra Bank acquired 1.3

crore shares i.e., around 46.7% equity of Kotak Mahindra Pension


Fund Limited(KMPFL) from Kotak Mahindra Asset Management Company Limited(KMAMC). Cost of acquisition: The cost of acquisition is Rs 12.71 crore and the acquisition price has been arrived at on the

basis of a valuation conducted by an independent chartered accountant firm.

Authorisation: The acquisition was approved by the Reserve Bank of India (RBI) and the Pension Fund Regulatory and Development Authority (PFRDA). Share Percentage: • With this stake purchase, Kotak Mahindra Bank has 51 percent stake

in KMPFL. • And KMAMC has a 49 percent stake in KMPFL.

KMPFL has been appointed as a Pension Fund Manager by PFRDA for managing funds under the National Pension System. Note: Kotak Mahindra Pension Fund was a direct subsidiary of Kotak Mahindra

Asset Management and after the deal it’s now a direct subsidiary of Kotak Mahindra Bank.

About Kotak Mahindra Bank: Managing Director(MD) and Chief Executive Officer(CEO): Uday Kotak Headquarters: Mumbai, Maharashtra Tagline: Let’s Make Money Simple, Ab Kona Kona Kotak

NATIONAL AFFAIRS Karnataka ranks 1st in establishing HWCs under Ayushman Bharat Scheme Karnataka has been ranked as the Number One state in establishing a

Health & Wellness Centre (HWC) under the Ayushman Bharat


project for the year 2020-21, it was stated by Karnataka’s Health & Family Welfare Department. • HWCs are established to provide comprehensive primary healthcare

in rural areas.

Karnataka’s actions under Ayushman Bharat Project i.The state has surpassed several targets set for it by the Union Government.

Central Government’s Target for the state

Karnataka’s achievements

Establishing 2, 263 HWC sub-

centres

Karnataka has upgraded

3,300 centres (146% more than the target)

Upgradation of 2, 096 PHCs to HWC

2, 168 have been upgraded (103% more

than the target)

Upgrading 294 urban PHCs It has upgraded 364 PHCs (124% more than

the target)

Total of 4, 653 HWCs to be established

5, 832 established by Karnataka (125% more

than the target)

ii.With an aim of providing quality health care for all under Ayushman

Bharat – Arogya Karnataka scheme, all Primary Health Care Centres (PHCs) are being upgraded under National Health Mission. iii.Karnataka has set a target of upgrading 11, 595 Centres as HWCs.


• The HWCs in Karnataka are providing services like counselling sessions for adults, public yoga camps, ENT care, first aid during emergency, family planning methods and others.

Ayushman Bharat • Ayushman Bharat was launched in 2018 with its two main pillars of

HWCs & Pradhan Mantri Jan Arogya Yojana (PMJAY). • The Central Government has set a target of 1.5 lakh functional AB-HWCs by December 2022.

About Karnataka Governor – Vajubhai Vala Chief Minister – B. S. Yediyurappa Capital – Bangalore

CBIC notifies Customs Amendment Rules, 2021 to boost Trade Facilitation The Central Board of Indirect Taxes and Customs (CBIC) has notified the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021, it is expected to boost Trade Facilitation. • It amends the Customs (Import of Goods at Concessional Rate of

Duty) Rules, 2017 (IGCR, 2017). • IGCR, 2017 lays down the procedures and manner in which importer can avail benefit of a concessional duty on import of goods required for

domestic production of goods or providing services. • The changes were announced by Union Minister for Finance Nirmala Sitharman during the Union Budget 2021-22 session.

New Changes i.The new amendment permits imported goods to be sent out for ‘job work’. This facility was absent in the previous act.


• The absence of the facility affected the Micro, Small and Medium Enterprises sector (MSMEs) which did not have complete manufacturing capability in-house.

ii.Importers which do not have manufacturing facilities can avail the IGCR, 2017 to import goods at concessional Customs duty.

• However, this facility is not applicable for sectors like gold, jewellery, precious stones and metals have been excluded from using this facility.

iii.The amendment allows entities/individuals/companies which import capital goods at a concessional Customs duty to clear them in the domestic market on payment of duty and interest, at a depreciated

value. • Previously, manufacturers were stuck with imported capital goods (used ones) as they could not be easily re-exported.

iv.Importers taking advantage of concessional rate of import duty should give prior information to the customs officers about goods being imported and also its estimated quantity and value.

+About Central Board of Indirect Taxes and Customs (CBIC) Chairman – M. Ajit Kumar Headquarters – New Delhi

Jharkhand tops in Implementation of Smart City Projects: MoHUA Jharkhand has clinched the 1st Position among the 36 States & UTs of India based on the progress of implementation of Smart City

projects, Rajasthan came second in the rankings. The rankings were released by the Ministry of Housing & Urban Affairs (MoHUA).


• The ranking is based on factors like smart city plan implementation, ongoing work and tendering process, utilisation of funds and provision of utility certificates to the Central Government. They are released

frequently by MoHUA.

Key Points i.Rajasthan has climbed 27 ranks to get to the 2nd position, it was ranked 29th in the previous rankings. • It has completed & implemented the largest number of projects under the Smart City Mission.

• 4 cities from the state – Udaipur (8th), Kota (11th), Ajmer (29th), and Jaipur (36th) featured in the 100 smart city rankings. ii.Jharkhand’s capital Ranchi has risen to 12th Position among the 100

Smart Cities ranking. iii.In the list of States/UTs, Delhi was ranked at number 11, Bihar at 27, Patna (Bihar) at 68th position & New Delhi Municipal Corporation is

at 41st position.

Smart City Mission • It was launched in 2015 with an overlay of INR 48, 000 Crores.

• Objective – To promote sustainable & inclusive cities for giving a decent quality of life to its citizens, a clean & sustainable environment and application of ‘Smart’ Solutions.

• Government has selected 100 cities for area-based and pan-city development between 2019 and 2023. • Implementation of the Smart Cities Mission is done by a Special Purpose Vehicle (SPV) to be set up at city level.

• INR 6, 450 Crore was allocated in Union Budget 2021-22 for the Smart Cities Mission.


• It is being implemented keeping in mind that India will have an urban population of about 810 million by 2050.

About Ministry of Housing & Urban Affairs (MoHUA) Minister of State (Independent Charge) Housing And Urban Affairs – Hardeep Singh Puri (Rajya Sabha – Uttar Pradesh)

4th India-Swiss Financial Dialogue Held Virtually in New Delhi The 4th India-Swiss Financial Dialogue was held Virtually from New Delhi,India. Indian delegation was led by the Economic Affairs

Secretary Ajay Seth, while his counterpart was Ms. Daniela Stoffel, State Secretary for International Finance, Switzerland. Key points: • Both the delegation shared their experiences on aspects including

investments, International Financial Services Centre Authority (IFSCA), National Investment and Infrastructure Fund (NIIF) and cross border financial services.

• The matters relating to G20, International Monetary Fund (IMF) and tax challenges arising from the digitalization of the economy was also discussed along with infrastructure financing.

INTERNATIONAL AFFAIRS Halting new Oil, Gas, Coalfields key to achieving Net Zero

emissions by 2050: IEA Report According to the report ‘Net Zero by 2050’ released by the International Energy Agency (IEA) – Halting new oil, gas, and coalfields will be key to achieving Net Zero Global Carbon emissions by 2050.

• Achieving Net Zero emissions is vital to limit the increase in average global temperatures to less than 1.5 degree Celsius.


• The current pledges of the Nations across the world are insufficient to curb global temperature rise, they will result in an increase of 2.1 degrees Celsius by 2050.

Road map for Net-Zero emissions i.The report has listed a new road map for achieving net-zero global

carbon emissions setting around 400 milestones. • Energy investment needs to increase to USD 5 trillion a year by 2030 from USD 2 Trillion at present to achieve net zero emissions. • Installation of Solar photovoltaic additions should reach 630

GigaWatts (GW) a year by 2030, Wind power needs to increase to 390 GW. It is four times the target set in 2020 for new capacity additions. • Almost 90% of electricity generation should come from renewables

by 2050 and the rest from Nuclear power. • By 2050, the share of fossil fuels in global energy needs should shrink from 80% (at present) to barely a fifth.

ii.No new coal-fired power stations must be built unless they include technology to capture their emissions. • Sales of new cars with internal combustion engines would have to end

by 2035. • The share of Electric Vehicles in the global fleet must increase from 5% (at present) to 60% by 2030.

• Oil demand should decline to 24 million barrels a day in 2050. iii.It also emphasizes on Behavioural changes by consumers, replacing regional air travel with rail & energy efficient building design.

About International Energy Agency (IEA) Executive Director – Dr Fatih Birol Headquarters – Paris, France


India, China, South Africa register better performance in Import & Exports during Q1 2021: UNCTAD According to the Global Trade Update (May 2021) released by the

United Nations Conference on Trade and Development (UNCTAD) – India, China, and South Africa performed ‘relatively better’ than other major economies in imports & exports during the 1st Quarter of 2021.

i.Compared to 2020 averages, India’s imports increased by 45%, and Exports increased to 26% in Q1 of 2021. Service Imports increased by 14%, Service Exports increased by 2%. ii.At the Global level, Trade in goods and services increased by 10%

year-over-year, an increase of about 3% compared to Q1 2019. iii.The overall forecast for 2021 indicates an 16% growth in Global Trade – 19% for Goods and 8% for services.

iv.In Q2 of 2021, the value of Global Trade in goods and services is expected to reach USD 6.6 Trillion.

Key Points i.Economies of China & USA will be the main drivers of global growth during 2021. ii.In Q1 2021, trade continued to recover not only in sectors related to

COVID-19 (such as pharmaceuticals, communication and office equipment), but also others like Minerals and agrifood. • Sectors like Energy & International trade of transport equipment

were lagging in the recovery process. • Trade growth remained to grow stronger for East Asia & Developed Countries. • China’s exports showed strong increases compared to the 2020

average and also pre-pandemic levels. • The Economic recovery in 2021 will be uneven.


iii.Due to the pandemic, Global economy shrank by 4.3% in 2020, which is two-and-a-half times more than the 2009 recession caused by the global financial crisis.

About United Nations Conference on Trade and Development (UNCTAD) Acting Secretary-General – Isabelle Durant Headquarters – Geneva, Switzerland

Global Task Force on Pandemic Response Launched to Address

Urgent COVID-19 Surges: US Chamber Leading Companies and Business Associations has launched the Global Task Force on Pandemic Response to mobilize and deliver resources to

assist COVID-19 efforts in areas of the highest need around the world. • This US-Based public-private partnership is organised by the U.S.

Chamber of Commerce and supported by Business Roundtable. • The Global Task Force works in collaboration with the official of both the US and the Indian government to share the information and coordinate efforts.

Purpose: To provide a unified platform for businesses to mobilize and deliver resources to assist COVID-19 efforts in areas of the highest

need around the world.

About the Global Task Force: i.The Global Task Force is led by a steering committee composed of C-Suite executives from leading U.S. companies, business organizations and nonprofits.


ii.The members of the committee include Sundar Pichai(CEO of Alphabet Inc.), Andy Jassy(CEO of Amazon Web Services), Tim Cook( CEO of Apple), Arvind Krishna(Chairman and CEO of IBM), Suzanne

Clark(President and CEO of U.S. Chamber of Commerce), Brad Smith(President of Microsoft). iii.This task force will be working with the Chamber’s U.S.-India

Business Council and the U.S.-India Strategic Partnership Forum to address the COVID-19 surges in India. About U.S. Chamber of Commerce : U.S. Chamber of Commerce is

the world’s latest business organisation which represents companies of all sizes across every sector of the economy. President and CEO– Suzanne Clark Headquarters– Washington, DC,

United States

BANKING & FINANCE

Proposal for Changing Promoters to Person in Control, Rationalizing Promoters Group: SEBI As the concept of promoters is losing its relevance in India, the

Securities and Exchange Board of India(SEBI) reviewed the regulatory framework of the promoter, promoter group and group companies as per SEBI (Issue of Capital and Disclosure Requirements(ICDR))

Regulations, 2018 with certain proposals.

SEBI’s proposal: • The shifting of the concept of ‘promoter’ to ‘person in control’ • Rationalization of the definition of ‘Promoter Group’

• Reduction in lock-in period for minimum Promoters’ Contribution

a.The shifting of the concept of ‘promoter’ to ‘person in control’:


i.Definition of Promoter: Companies Act, 2013 and SEBI (ICDR) Regulations, 2018 define a “promoter” as a person who has been named as such in the offer document or in the annual return of the issuer or a

person who has control over the issuer (directly or indirectly) or in whose advice, directions or instructions the board of directors of the issuer is accustomed to act.

ii.SEBI stated the definition of the promoter is wide-ranging and goes beyond persons in control of the issuer and proposed the shifting of the concept of a promoter to a person in control.

Need for shifting: • Due to the changes in the investor landscape in India and the emergence of new shareholders such as private equity and institutional

investors, the concentration of ownership and control rights does not vest completely in the hands of the promoters or the promoter group. • The relevance of the concept of the promoter was also reduced due

to the increased focus on the quality of the board and management.

b.Rationalization of the definition of ‘Promoter Group’ i.According to the Regulation 2(pp) of the ICDR 2018 of the SEBI,

Promoter group is a group of individuals or companies or combinations thereof acting in concert, which holds 20 percent or more of the equity share capital in that body corporate

ii.SEBI mentioned the definition of the ‘promoter group’ as focusing on capturing holdings by a common group of individuals or persons and often results in capturing unrelated companies with common financial investors, hence removing it.

c.Reduction in lock-in period for minimum Promoters’ Contribution i.The current lock-in period of 3 years for minimum promoters’ contribution (20 percet) has been proposed to reduce to 1year – Only


in the case if the objective of the issue is concerning offer for sale or something related to financing, other than for capital expenditure for a project.

ii.Promoters’ holding above minimum promoters’ contribution to be locked in from the date of allotment in the Initial Public Offer(IPO) is changed from 1 year to 6 months.

iii.The entire pre-issue capital held by persons other than the promoters shall be locked in for 6 months from the date of allotment in the initial public offer (existing requirement is 1 year) Note – IPO is the selling of securities to the public in the primary

market.

About Securities and Exchange Board of India(SEBI): Establishment – On April 12, 1992, under SEBI Act, 1992. Headquarters – Mumbai, Maharashtra Chairman – Ajay Tyagi

SCIENCE & TECHNOLOGY China launches ‘Haiyang-2D’ Ocean Observation Satellite into Orbit China launched ‘Haiyang-2D (HY-2D)’ Ocean Observation Satellite into

the Orbit. It was launched by a Long March-4B rocket from the Jiuquan Satellite Launch Centre, Gobi Desert, China. • HY-2D will form a constellation with the already launched HY-2B &

HY-2C satellites, which will support China’s early warning and prediction of marine disasters. • The satellite has been developed by the China Academy of Space Technology.

• It was the 370th launch by the Long March rocket series.

Key Points


• The Long march rocket series was developed by the Shanghai Academy of Spaceflight Technology. • The HY-2B was launched in October 2018, while HY-2C was launched

September 2020. • China’s rover ‘Zhurong’ landed in Mars in May, 2021. It became the 2nd country after the US to have a rover on Mars.

About China National Space Administration (CNSA) Administrator – Zhang Kejian

SPORTS Indian rowers Arjun Lal and Arvind Singh qualifies for Tokyo Olympics 2020 Indian rowers Arjun Lal Jat and Arvind Singh have qualified for the Tokyo Olympics 2020 in men’s lightweight double sculls event after finishing second in the final race of the Asia/Oceania Continental

Qualifying Regatta in Tokyo, Japan and will be the only Indian rowers in Tokyo Olympics.

OBITUARY

Veteran BJP Leader & Former Union Minister Chaman Lal Gupta Passed Away Chaman Lal Gupta, a veteran Bharatiya Janata Party(BJP) leader and

former Union Minister passed away at his residence in Gandhi Nagar, Jammu, Jammu and Kashmir(J&K). He was born on 13th April 1934 in Kaleeth, Jammu, J&K About Chaman Lal Gupta: i.Chaman Lal Gupta served as a member of the J&K legislative Assembly in 1972 and

between 2008 and 2014. ii.He was elected to the Lok Sabha from the Udhampur constituency(Jammu) in 1996, 1998 and 1999. iii.He has


authored 3 Hindi books titled “Sansad mein Jammu Kashmir”, “Sansad mein dedh varsh” and “Mere Prayaas”. Stint as Union Minister: • He has served as the Union Minister of State(MoS) for Civil Aviation

– 13th October 1999 to 1st September 2001 • He has served as the MoS for Food Processing Industries – 1st September 2001 to 30th June 2002

• He has served as the MoS for Defence – 1st July 2002 to 2004.

Renowned Tamil Writer, Folklorist, Sahitya Akademi Awardee Ki. Rajanarayanan Passed Away On May 17, 2021,Eminent Tamil writer, novelist, and Sahitya

Akademi awardee Rayangala Shri Krishna Raja Narayana Perumal Ramanujam Naicker foundly known as Ki Rajanarayanan passed away at the age of 97 due to age related health-issues in Puducherry. He was born on 16 September 1923 in Kovilpatti,TamilNadu.

About Ki. Rajanarayanan: i.Ki. Rajanarayanan was honored with Sahitya Academy award in 1991

for his novel ‘Gopalla Purathu Makkal’. ii.He is famously called by his Tamil initials as KiRa, he was known as the pioneer of ‘Karisal Literature’.

iii.He also served as a member of Sahitya Akademi General Council and advisory board from 1998 to 2002. iv.He also worked as a Professor of folklore at the Pondicherry University. v.He had recorded and written 200 folk stories, which were published

as Naattuppura Kadhai Kalanjiyam. vi.He was an eminent writer of short stories, novels, folklores and essays and has published over 30


books. His work includes novels Gopalla Gramam, Karisal Kaatu Kaduthaasi and Andaman Naicker

STATE NEWS Telangana Signs MoU with NHA for Implementing Ayushman Bharat

Telangana Medical and Health department has signed a memorandum of understanding(MoU)with the National Health Authority (NHA) for the implementation of Ayushman Bharat (Pradhan Mantri Jan Arogya

Yojana(PMJAY)) scheme in the State.

Key Points: i.The guidelines for the implementation of the Ayushman Bharat Scheme in the State was also issued by the state Medical and health department and will be implemented by the Aarogyasri Health Care

Trust. ii.According to the new guidelines, Small and big hospitals which are presently catering to the Aarogyasri scheme will be approached by the state government.

iii.Under this pact, the State government could now ensure treatment of COVID-19 patients through the joint initiative. iv.Thus,the testing and treatment for COVID-19 can be made available

free of cost at private laboratories and empanelled hospitals. v.Ayushman Bharat also covers Covid-19 treatment for the economically weaker sections of the society. iv.The health insurance coverage is for Rs 5 lakh for beneficiaries.

vi.Separate PMJAY ecards also will be issued to the beneficiaries.

About Telangana:


Capital:Hyderabad Governor:Tamilisai Soundararajan Chief Minister: K. Chandrashekar Rao

‘Chhattisgarh Mahtari Dular Yojna’ : To Fund Education Of Children Orphaned Due To COVID-19.

The Chhattisgarh government Launched a new scheme named ‘Chhattisgarh Mahtari Dular Yojna’ through which the government will pay for the education for those children who lost their parents due to the Covid-19 pandemic.

Eligibility: i.Children studying in both government and private schools will be

entitled to this stipend. ii.The state government will also fund the education of the children who have lost the person who earns money to support their family to

Covid-19. Fund Provided: Under the scheme, a stipend of Rs 500 per month will be paid to such children from Classes 1 to 8 and Rs 1,000 per month

from Classes 9 to 12. Also these children will be given priority admission and no fee will be charged from them for admission to Swami Atmanand English Medium Schools started in the state. Other states

to offer free education are Madhya Pradesh and Jammu and Kashmir. About Chhattisgarh: Capital:Raipur Governor:Anusuiya Uikey Chief Minister:Bhupesh Baghel

Jharkhand CM Hemant Soren launched ‘Amrit Vahini’ App and portal, and a Chatboat


Hemant Soren Chief Minister of Jharkhand launched the ‘Amrit Vahini’ App and Website which enables people to book a hospital bed online.

He also launched a “Chatboat App” which can provide all the information related to coronavirus.

Features: ‘Amrit Vahini’ App: Through the Amrit Vahini’ App, the government of Jharkhand will provide better facilities for people with coronavirus infection. The reservation of a bed made by a person will be kept reserved for the next 2 hours.

Chatboat App: The information related to coronaviruses such as prescribed medicines, recommended diet and free consultation with

expert doctors. Through the chatboat the people can send their names on Whatsapp number 85955-24447.

About Jharkhand: Zoological Park– Jawaharlal Nehru Biological Park, Tata Steel Zoological Park Lakes– Ranchi Lake, Burudih Lake, Dimna Lake, Hudco Lake

20 May 21 Content Final

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