Current affairs (1St APRIL)
MINISTRY OF AYUSH INAUGURATED AYURVEDA PARAV
- In a bid to promote Ayurveda as the mainstream treatment for the prevalent lifestyle-related diseases, Vinoba SevaPratisthan (VSP), in collaboration with the Ministry of AYUSH, has successfully organized a 3-day “Ayurveda Paravin Bhubaneswar.
- This unique initiative aims to not only ensure greater acceptance of Ayurveda among the masses but also to popularize Ayurveda as the main line of treatment for the current lifestyle diseases.
- The Ministry of AYUSH provided full-fledged support to this programme. During this Parv, nearly 25 research papers were presented by experts and researchers.
- The initiative generated tremendous response as thousands of patients turned up and showed their trust towards Ayurveda medication. They did get their diagnosis and consequent medicine.
- Minister of State (IC) of the Ministry of AYUSH: Shripad Yesso Naik.
PAN-AADHAR LINKING DEADLINE EXTENDED
- The central government has extended the deadline for linking the Aadhaar number with the permanent account number (PAN) to June 30, 2021, in view of the difficulties arising out of the COVID-19 pandemic.
- The earlier deadline was March 31. The government had said those who miss the deadline will be liable to pay a penalty of up to Rs 1,000 and their PAN will become invalid.
- The date for issue of notice under Section 148 of Income Tax Act,1961, the passing of consequential order for direction issued by the Dispute Resolution Panel (DRP) and processing of equalisation levy statements has also been extended to 30th April 2021.
- The government passed the Finance Bill 2021 in the Lok Sabha last week where it inserted a new section 234H under which a person shall be liable to pay a late fee of up to Rs 1,000 in case of non-linking of their PAN with Aadhaar.
UNION EDUCATION MINISTER INAUGURATED 'ANANDAM'
- Union Education Minister, Ramesh Pokhriyal has inaugurated “Anandam: The Center for Happiness” at the Indian Institute of Management (IIM), Jammu virtually.
- The centre will help people overcome mental stress and help spread positivity and it will encourage and propagate holistic development for all the stakeholders at IIM Jammu.
- Lieutenant Governor, Jammu, and Kashmir, Manoj Sinha; Founder, Art of Living Foundation, Sri Sri Ravi Shankar virtually graced the occasion.
- The purpose of establishing ‘Anandam’ at IIM Jammu is to bring holistic well-being. Regular physical exercises at the Center will contribute to the wellness at the physical level for both the students and the faculty.
- Under the concept of ‘Anandam: The Center for Happiness’ will be divided into five broad categories, namely, Counselling, Holistic wellness, Elective courses on Happiness Development, Research and Leadership & Faculty Development.
CAPITAL INFUSION OF RS. 14,500 CR. IN 4 PSB
- The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21, by issuing non-interest bearing bonds to these banks.
- This infusion will complete the government’s total capital infusion of Rs 20,000 crore in public sector banks for the current financial year 2020-21. Earlier in December 2020, it infused Rs 5,500 crore in Punjab and Sind Bank.
- The Recapitalisation bonds will be issued with six different maturities, and the special securities would be “at par” for the amount as per the application made by the eligible banks.
- Banks require capital to meet the mandatory reserve requirements laid out by the Reserve Bank of India (RBI), make provisions for bad loans and kick-start the lending cycle when demand revives in the economy.
WORLD BANK RAISES INDIA'S GDP GROWTH PROJECTION
- The World Bank has revised upward the GDP growth projections for India by 4.7 percentage points to 10.1 per cent for the financial year 2021-22, due to a strong rebound in private consumption and investment growth.
- Earlier the bank had pegged the GDP growth at 5.4 per cent for FY22.
- Apart from this, the World Bank has forecast the economy to contract by 8.5 per cent in FY21 (2020-21). The multilateral agency has also projected economic growth at 5.8 per cent for India during FY23 (2022-23).
- World Bank Headquarters: Washington, D.C., United States.
- World Bank Formation: July 1944.
- World Bank President: David Malpass.
SBI INKS LOAN AGREEMENT WITH JAPAN BANK
- India’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to the supply chain of the Japanese automobile industry in India.
- The loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India.
- This collaboration between SBI and JBIC will help the bank in extending loan facility to the entire supply chain at a time when people are preferring a personal mode of transport.
- Now the total loan facility between SBI and JBIC has become $2 billion. Earlier in October 2020, SBI inked a similar agreement for $1 billion with JBIC.
- SBI Chairperson: Dinesh Kumar Khara.
- SBI Headquarters: Mumbai.
UTKAL DIWAS OR ODISHA DAY CELEBRATED ON APRIL 1
- Utkal Divas or Utakala Dibasha is celebrated on April 1 every year to remember the formation of the Odisha state after a struggle to be recognised as an independent state.
- Under British rule, Odisha was part of the Bengal presidency, which consisted of the present-day Bihar, West Bengal, and Odisha.
- The state was originally called Orissa but the Lok Sabha passed the Orissa Bill, and Constitution Bill (113rd amendment), in March 2011 to rename it Odisha.
- The region became part of Kalinga after it was conquered by Magadha King Ashoka in 261 BC to expand his Mauryan rule.
- After Mauryan rule, King Kharavela’s rule began in Odisha. Kharavela managed to avenge the Mauryan invasion by defeating Magadh.
- Historians credit Kharavela for laying the foundation for Odisha’s fame as a land of art, architecture and sculpture. He also managed to establish a powerful political state.
- Gajapati Mukunda Deva was the last Hindu king of Odisha. He was defeated by the Mughals in 1576. A few hundred years later, the British took over and divided the state into different parts. The northern and western districts of the state became part of what was then called the Bengal presidency.
- The new province of Odisha was formed after people’s continued struggle, which finally paid off on April 1, 1936. Sir John Hubbak was the first governor of the state.
- Notable leaders from that movement are Utkala Gouraba, Madhusudan Das, Utkala Mani, Gopabandhu Das, Fakir Mohan Senapati, Pandita Nilakantha Das, and many others.