10 PM Daily Current Affairs Quiz | April 21 2021

Statement 1 is correct. Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system.

Statement 2 is correct. Currency depreciation is the loss of value of a country’s currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained.

The Global Wind Energy Council (GWEC) has recently released the report Global Wind Report, 2021.

— The world’s capacity to generate electricity from wind jumped 53% in 2020.

— China and the United States accounted for 75% of the new installations and over half the world’s wind power capacity.

— The world currently has a total wind energy capacity of 743 GW. This has helped avoid an annual CO2 emission of over 1.1 billion tonnes which is equivalent to the volume of carbon South America emits in a year.

— India’s total installed wind power capacity was 38GW, the fourth largest installed wind power capacity in the world.

The Heart of Asia provides a platform for sincere and results-oriented regional cooperation by placing Afghanistan at its center, in recognition of the fact that a secure and stable Afghanistan is vital to the prosperity of the Heart of Asia region.

This platform was established to address the shared challenges and interests of Afghanistan and its neighbors and regional partners. The Heart of Asia is comprised of 15 participating countries, 17 supporting countries, and 12 supporting regional and international organizations.

The participating countries are Afghanistan, Azerbaijan, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Uzbekistan, Saudi Arabia, Tajikistan, Turkey, Turkmenistan, United Arab Emirates.

Quantum dots (QDs) are man-made nanoscale crystals that that can transport electrons. When UV light hits these semiconducting nanoparticles, they can emit light of various colors.

Quantum dots are particularly significant for optical applications owing to their bright, pure colors along with their ability to emit rainbow of colors coupled with their high efficiencies, longer lifetimes and high extinction coefficient.

These artificial semiconductor nanoparticles that have found applications in composites, solar cells and fluorescent biological labels. They are used as labels for imaging molecules because of their very narrow fluorescence spectra, brightness and resistance to photobleaching.

To enable our Armed Forces to conduct successful operations, it is essential that they be provided with sound logistics support during all stages of the war. Keeping these in mind, Chief of Defence Staff operationalised and dedicated to the Services 3rd Joint Logistics Node (JLN) in Mumbai through video conferencing from New Delhi on April 01, 2021.

These JLNs will provide integrated logistics cover to the Armed Forces for their small arms ammunition, rations, fuel, general stores, civil hired transport, aviation clothing, spares and also engineering support in an effort to synergise their operational efforts.

Government Sanction Letter for establishment of JLNs in Mumbai, Guwahati and Port Blair was signed on October 12, 2020. The JLNs in Guwahati and Tri-Services, Andaman and Nicobar Command, Port Blair were operationalised on January 01, 2021.

Union Education Minister recently launched the “MyNEP2020” Platform of NCTE Web Portal. The platform seeks to invite suggestions/inputs/membership from the stakeholders for preparing draft for development of National Professional Standards for Teachers (NPST) and National Mission for Mentoring Program membership (NMM).

The “MyNEP2020” platform will be operational from 1st April 2021 to 15th May 2021. This exercise of digital consultation envisages the participation of teachers, education professionals, academicians, & other stakeholders in preparing the documents on teacher policy for sustainable and positive change in the Teacher’s Education Sector.

E-Way Bill system was launched by National Informatics Centre (NIC) as per the directions of the GST Council in 2018. E-Way Bill needs to be generated for the movement of goods from one place to another, having value more than Rs 50,000/-. This has replaced the need of e-way bill of multiple states with one e-way bill. E-way Bill has helped in reducing the transport time in movement of the goods.

The system has also been enhanced regularly to improve the user experience and friendliness. Validations of the vehicle number with VAHAN system and auto calculation of the distance between source and destination pin-codes for movement of goods, are the major enhancements carried out.

# E-Way Bill System under GST regime has achieved a new milestone of generation of 7.12 Crores E-way Bills in the month of March 2021. This is the highest number of e-way bills generated in any month during last three years’ journey of E-Way Bill system.

The Occupational Safety, Health and Working Conditions (OSH&WC) Code, 2020 has been enacted after amalgamating of thirteen different labour legislations and to simplify the laws regulating the Occupational Safety, Health and Working Conditions in establishments.

Statement 1 is correct. The code empowers the state government to exempt any new factory from the provisions of the Code in order to create more economic activity and employment.

Statement 2 is incorrect. The bill introduced in 2019 excluded mines from the definition of a factory. The bill passed in parliament in 2020 removed this provision.

# The Central Government has constituted Expert Committees comprising of industry and subject experts from both public and private sector across the country to review the existing rules and regulations on safety, health and working conditions standards, pertaining to factories, docks and construction work.

SPICe is an abbreviation for Simplified Proforma for Incorporating a Company Electronically and as the name suggests it is an application form for incorporating/registering a company with MCA. The company here means any kind of firm may it be a Private limited company, Public Limited Company, One Person Company, Nidhi Company, Section 8 Company or Producer Company.

The MCA launched SPICe+ form in February 2020 and thereby integrating 10 different services across 3 Central Government Ministries/Departments (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and 3 State Governments (Maharashtra, Karnataka and West Bengal):

Name Reservation, Company Incorporation, Director Identification Number,EPFO Registration No., ESIC Registration Number, PAN, TAN, Profession Tax Registration Number for the state of Maharashtra, Karnataka and West Bengal, Bank Account number and GSTN Number (on Optional basis).

In a major push towards deep technology and driving the country to become a digitally transformed nation, Atal Innovation Mission (AIM), NITI Aayog has launched AIM-PRIME (Program for Researchers on Innovations, Market-Readiness & Entrepreneurship), an initiative to promote and support science-based deep-tech startups & ventures across India.

In this regard, AIM has joined hands with Bill & Melinda Gates Foundation (BMGF) to launch this nationwide program which will be implemented by Venture Center – a non-profit technology business incubator.

The first cohort of the program is open to technology developers (early-stage deep tech start-ups, and scientists/ engineers/ clinicians) with strong science-based deep tech business ideas. The program is also open to CEOs and Senior incubation managers of AIM Funded Atal Incubation Centers that are supporting deep tech entrepreneurs.