Current Affairs Quiz 16th September 2021 : Daily GK Update Quiz

Exp. FM Nirmala Sitharaman announces over Rs 30,600 cr guarantee for bad bank

Finance Minister Nirmala Sitharaman on Thursday announced a formal government guarantee to the tune of Rs 30,600 crore on the securities receipts that the planned ‘bad bank’ will issue to banks as it takes on non-performing assets from their books.

The Union Cabinet on Wednesday cleared a proposal to provide government guarantee to security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, Sitharaman said at a press briefing in New Delhi.

Exp. U.S, U.K. and Australia announce new security partnership “AUKUS” for Indo-Pacific

US President Joe Biden, along with the prime ministers of the UK and Australia, announced, on 16Sept, that the three nations were forging a new trilateral security pact, presumably aimed at countering China’s expansionism in the Indo-Pacific.

The Aukus security partnership will also aid Australia in building nuclear-powered submarines.

Exp. Byju’s buys coding site Tynker for $200 mn to grow in US

Online education giant Byju’s is paying about $200 million to acquire the coding platform Tynker. Byju’s is paying for the purchase in cash and stock.

Tynker’s service, launched in 2013, offers classes and camps on coding, with some curriculum offered for free and premium content sold to schools for an average of $5,000 a year.

Exp. UNCTAD projects India 2021 economic growth at 7.2%

India’s recovery will be constrained by the human and economic cost of two consecutive waves of coronavirus pandemic and the impact of food price inflation on private consumption, UNCTAD said on 15th Sept, projecting Asia’s third largest economy to grow at 7.2% in the 2021 calendar year.

India’s economic growth rate to hit a four-year high of 7.2 per cent for 2021 against a contraction of 7 per cent in 2020.

Exp. India participates in SCO Exercise ‘Peaceful Mission’ 2021

The Indian military contingent comprising of an all arms combined force of 200 personnel is participating in the Exercise PEACEFUL MISSION -2021, a Joint Counter Terrorism Exercise between Shanghai Cooperation Organisation (SCO) member states.

The Exercise PEACEFUL MISSION- 2021 is being hosted by Russia in the Orenburg Region of South-West Russia from September 13 to 25, 2021.The aim of the exercise is to foster close relations between SCO member states and to enhance the abilities of the military leaders to command multi-national military contingents.

Exp. SpaceX launches first all-tourist crew into orbit

The crew of the Inspiration4, the first-ever orbital flight crewed entirely by tourists, is now officially in orbit, according to a Livestream from SpaceX. The SpaceX rocket blasted off from NASA’s Kennedy Space Center.

The passengers will now spend three days aboard their 13-foot-wide Crew Dragon capsule in orbit at a 350-mile altitude.

Exp. 16 September: World Ozone Day

World Ozone Day, also known as International Day for the Preservation of the Ozone Layer, is observed every year on September 16 to focus global action and attention on the preservation of the Ozone layer. And raise awareness about the issue of depletion of the ozone layer.

Exp. 16 September: World Ozone Day

World Ozone Day, also known as International Day for the Preservation of the Ozone Layer, is observed every year on September 16 to focus global action and attention on the preservation of the Ozone layer. And raise awareness about the issue of depletion of the ozone layer.

Theme 2021: Montreal Protocol – ‘Keeping us, our food and vaccines cool.’

Exp. Eminent Kashmiri Writer Aziz Hajini Passed Away

Noted writer and former secretary of Jammu and Kashmir Academy of Art, Culture and Languages Aziz Hajini breathed his last  following a brief illness.

Hajini, born as Abdul Aziz Parray in north Kashmir’s Bandipora, was appointed Secretary J&K Academy of Art Culture and Languages in 2015. He has over twenty books in Kashmiri to his credit including poetry and criticism.

Exp. Rebecca Grynspan is the head of United Nations Conference on Trade and development (UNCTAD). She is an economist from Costa Rica.

Exp. CEO: Padmakumar M Nair