SBI lists USD 100 million green bonds on India INX

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State Bank of India has listed green bonds of $100 million (about Rs 750 crore) on  BSE’s India International Exchange (India INX). The bank has listed green bonds under its USD 10 billion global medium-term note programme on India INX’s Global Securities Market Green Platform (GSM).

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SBI has adopted the green bond framework with the objective of creating a positive impact on the environment & this transaction is considered as part of the sustainability journey. The funds raised by green bonds are used to finance green projects that do not discharge toxic elements.

What is Green Bond?

Green Bond is a type of fixed income instrument that is specifically reserved for raising money to climate & environmental projects so as to encourage sustainability. It is comparatively an attractive investment than a comparable taxable bond, as it provides tax incentives such as tax exemption and tax credits.

Important takeaways for all competitive exams:

  • Headquarters of SBI: Mumbai, Maharashtra.
  • Chairman of SBI: Rajnish Kumar.

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Naval Dockyard Visakhapatnam designs multi-feed oxygen manifold

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The Naval Dockyard at Visakhapatnam, Andhra Pradesh has designed ‘Portable Multi-feed Oxygen Manifold (MOM)’. This oxygen manifold is designed to supply oxygen to multiple patients at a time, which could prove helpful in a contingency created by COVID-19 spread. The preliminary trials were conducted at MI Room at NDV, followed by rapid trials at the Naval Hospital INHS Kalyani, where it was successfully installed within 30 minutes.

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The Navy personnel from the Eastern Naval Command (ENC) have developed a ‘Portable Multi-feed Oxygen Manifold (MOM)’ using a six-way radial header fitted to a single cylinder. This innovative system would enable one oxygen bottle supply to six patients at the same time, thereby enabling critical care management of a larger number of COVID-19 patients using the existing limited resources.

Important takeaways for all competitive exams:

    • Capital of Andhra Pradesh: Amaravati.
    • Chief Minister of Andhra Pradesh: Y.S. Jagan Mohan Reddy.
    • Governor of Andhra Pradesh: Biswa Bhusan Harichandan.

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Tony Lewis of ‘DLS method’ fame passes away

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Tony Lewis, one of the men behind the Duckworth-Lewis-Stern (DLS) method passed away. Lewis received an MBE (Member of the Order of the British Empire) for his services to cricket and mathematics in 2010.

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What is the DLS method?

The Duckworth–Lewis–Stern method (DLS) is a mathematical formulation designed to calculate the target score for the team batting second in a limited-overs cricket match interrupted by weather or other circumstances.

History of Duckworth-Lewis-Stern (DLS) method:

Tony Lewis was a mathematician who, along with Frank Duckworth, developed the Duckworth-Lewis method in 1997 of resetting targets in the interrupted cricket matches. The DLS method was adopted officially by the ICC (International Cricket Council) in 1999. The method was renamed as the Duckworth-Lewis-Stern (DLS) method in 2014, followed across the globe.

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NCC offers its cadets to fight COVID-19 under ‘Ex NCC Yogdan’

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National Cadet Corps (NCC) has offered its volunteer cadets for national duty to fight COVID-19 under ‘Exercise NCC Yogdan’. It has issued guidelines for temporary employment of its cadets to augment relief efforts and functioning of various agencies involved in battling the pandemic. Only Senior Division volunteer cadets above 18 years of age will be employed. The tasks envisaged for NCC cadets include, manning of helpline/call centres; distribution of relief materials/medicines/food/essential commodities; community assistance; data management and queue & traffic management.

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What is NCC?

  • The NCC, which operates under the Ministry of Defence, is the largest uniformed youth organisation of the country and has been engaged in conducting various social service and community development activities.
  • The NCC cadets have been contributing to the national cause during natural calamities like floods, cyclone, etc since its inception.

Important takeaways for all competitive exams:

  • Director-General of NCC: Lt Gen Rajeev Chopra.
  • The motto of NCC: Unity and discipline.
  • Headquarters of NCC: New Delhi.
  • NCC founded: 16 April 1948.

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GoI launches “Aarogya Setu” app to track Covid-19

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Aarogya Setu” is the official COVID-19 tracking app that has been launched by the Government of India. The “Aarogya Setu” app has been developed by the National e-Governance Division of the Ministry of Electronics and Information Technology in association with the Ministry of Health and Family Welfare.

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About mobile application “Aarogya Setu”:

The Government of India has launched the mobile application “Aarogya Setu” to connect essential health services with the people of India to fight against COVID-19. The mobile application aims to augment the initiatives of the Government of India, particularly the Department of Health, by proactively reaching out to and inform the users of the app regarding the risks, best practices along with the relevant advisories related to the containment of COVID-19.

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SBI lists USD 100 million green bonds on India INX - Part 3160_5.1

World Athletics championship shifted to 2022

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The 2021 world athletics championships will be shifted to 2022. The championship was originally scheduled to held in Eugene, Oregon from August 6-15, 2021. The announcement came immediately after the 2020 Tokyo Olympic Games postponed because of the coronavirus pandemic will now take place on July 23-August 8, 2021.

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The athletics federation also talking to the organisers of the 2022 European Athletics Championships, which are due to take place in Munich on August 11-21. The World Athletics also in discussions with the Commonwealth Games Federation and the European Championships, as both of the events are due to be held in 2022.

Important takeaways for all competitive exams:

  • The headquarters of World Athletics is located in Monaco.
  • President of World Athletics: Sebastian Coe.

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PhonePe launches coronavirus insurance policy ‘Corona Care’

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PhonePe has announced the launch of a unique coronavirus hospitalisation insurance policy called “Corona Care.” It has partnered with Bajaj Allianz General Insurance. PhonePe users can purchase their Coronavirus insurance policy under the “My Money” section on the PhonePe app. The entire policy purchase process takes less than 2 minutes and customers will be instantly issued their policy documents inside the PhonePe app.

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Benefits of the Policy:

  • The company said this coronavirus insurance policy is priced at Rs 156 with an insurance cover of Rs 50,000 for a person aged under 55 years and the cover is applicable at any hospital offering coronavirus treatment.
  • It also covers 30 days of expenses related to pre-hospitalization costs and post-care medical treatment.
  • Customers don’t need to undertake any medical tests before purchasing the Corona Care policy.
  • They can purchase it instantly from the convenience of their homes considering the current lockdown observed in the country.

Important takeaways for all competitive exams:

  • Phonepe founded: December 2015.
  • CEO of Phonepe: Sameer Nigam.
  • Headquarters location: Bengaluru, Karnataka.

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“National Monitoring Dashboard on COVID-19 Grievances” launched

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The “National Monitoring Dashboard on COVID-19 Grievances” of the Department of Administrative Reforms and Public Grievances (DARPG) has been launched. With the help of the dashboard, all grievances related to COVID-19 are received and monitored on priority basis by a technical team of DARPG. The portal will be updated and monitored at senior levels in Government on a daily basis.

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The National Monitoring Dashboard on COVID-19 Grievances has been developed by DARPG to ensure timely implementation of COVID 19 Response Activities. The nature of grievances received and monitored by the dashboard are related to quarantine facilities, lockdown not being adhered to complaints, examination related complaints, rescheduling of interest repayments on loans, essential supplies related complaints, evacuation requests from foreign countries and many more.

Important takeaways for all competitive exams:

  • Minister of State for Personnel, Public Grievances and Pensions: Jitendra Singh.

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SBI lists USD 100 million green bonds on India INX - Part 3160_5.1

Emmy award-winning singer Adam Schlesinger passes away

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The Emmy award-winning singer-songwriter Adam Schlesinger passed away due to COVID-19. Adam was also the co-founder of the 2000s pop-rock band ‘Fountains of Wayne’.

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In his career Adam Schlesinger earned nominations for Oscars, Tonys, Grammys and Emmys. Adam won the Emmy Award in 2019 for his outstanding original music and lyrics for Antidepressants Are So Not A Big Deal from the TV musical drama Crazy Ex-Girlfriend. He also won Grammy in 2009 for his work on A Colbert Christmas: The Greatest Gift Of All.

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SBI lists USD 100 million green bonds on India INX - Part 3160_5.1

NASA SunRISE Mission to study Giant Solar Particle Storms

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National Aeronautics and Space Administration (NASA) has selected the new mission, called the Sun Radio Interferometer Space Experiment (SunRISE). The SunRISE will look into how the Sun generates and releases giant space weather storms (known as solar particle storms) into planetary space.

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The study will help to protect the astronauts that travel to the moon & mars by providing better information on how the Sun’s radiation affects the space environment in which they travel. The mission is led by Justin Kasper at the University of Michigan in Ann Arbor & also managed by NASA’s Jet Propulsion Laboratory (JPL). NASA has awarded USD 62.6 million to design, build and launch SunRISE before July 1, 2023.

What is SunRISE?

  • SunRISE is an array of 6 CubeSats, where each is about the size of a toaster oven, observes radio images of low-frequency emission from solar activity and shares them through NASA’s Deep Space Network.
  • The constellation of CubeSats will fly within 6 miles(9.6kms) of each other above the earth’s atmosphere so as not to block the SunRISE’s observed radio signals.
  • The 6 CubeSats together form a 3D map; it shows where the giant particle erupts in the sun form and how they evolve when expanded outward into space.
  • It will help decide what initiatives & accelerates these giant jets of radiation.
  • For the 1st time, 6 individual spacecraft will also work together to pattern the magnetic field lines reaching from the Sun out into interplanetary space.

Important takeaways for all competitive exams:

  • The administrator of the National Aeronautics and Space Administration (NASA): Jim Bridenstine.
  • Headquarters of NASA: Washington D.C., United States.

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