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Important Current Affairs 2nd June 2021

INTERNATIONAL

WHO named C-19 variants first found in India as ‘Kappa’ and ‘Delta’

•The UN health agency, World Health Organisation (WHO), has given easy-to-say labels to two variants of the C-19, first found in India. The two variants are B.1.617.1 and B.1.617.2. The B.1.617.1 variant of the C-19 has been named as ‘Kappa’ while the B1.617.2 variant is named as ‘Delta.’

•The naming of these variants do not aim at replacing the existing scientific names of these #SARSCoV2 Variants of Concern (VOCs) & Interest (VOIs), but is aimed at helping the public discussion about VOI/VOC.

SPORTS

India’s Sanjeet Kumar wins gold medal in Asian Boxing Championship

•India’s pugilist Sanjeet Kumar won a gold medal in the 91 kg weight category at the ASBC Asian Boxing Championships.

•Sanjeet pulled off a massive upset as he defeated five-time Asian Championships medallist and Rio Olympic silver medalist Vassiliy Levit of Kazakhstan in a 3-2 split decision in the final of Asian Championships in Dubai to clinch the gold.

Utah Jazz’s Jordan Clarkson wins 2021 Sixth Man of the Year

•Utah Jazz guard Jordan Clarkson has won the 2020-21 Kia NBA Sixth Man Award for his contributions in a reserve role. This is the first Sixth Man honour for Clarkson, who becomes the first player to win the annual award with the Jazz.

•Clarkson becomes the first player in Jazz franchise history to win the award and was presented the trophy by his teammate and fellow Sixth Man of the Year Finalist Joe Ingles. Clarkson received 65 first-place votes and earned 407 total points from a global panel of 100 sportswriters and broadcasters.

OBITUARY

T.M. Kaliannan, former member of Constituent Assembly, passed away

•T.M. Kalliannan Gounder, the last surviving former member of the Indian Constituent Assembly, died at the age of 101. He served as a Member of the Legislative Council in Tamil Nadu and also as an MLA thrice, between 1952 and 1967. He was reportedly the youngest member in the Constituent Assembly then and also a member of India’s first provisional parliament.

APPOINTMENTS AND RESIGNATIONS

Magma Fincorp appointed Adar Poonawalla as chairman

•Magma Fincorp has appointed Adar Poonawalla as its chairman as part of a management overhaul following the Poonawala-controlled Rising Sun Holdings acquiring a controlling stake in it. Rising Sun invested Rs 3,456 crore in the non-bank lender earlier this month.

•Magma will soon be rebranded as Poonawalla Group company. The lender has also appointed Abhay Bhutada as MD & Vijay Deshwal as CEO.

Justice A.K. Mishra will be the new chairperson of the NHRC

•Former Supreme Court judge Arun Kumar Mishra will be the new chairperson of the National Human Rights Commission (NHRC) after a high-powered recommendation committee proposed his name.  The selection panel consisted of Prime Minister Narendra Modi, Home Minister Amit Shah, Deputy Chairman of the Rajya Sabha, Harivansh, Lok Sabha Speaker Om Birla and the Leader of the Opposition in the Rajya Sabha, Mallikarjun Kharge.

•Former Chief Justice of Jammu and Kashmir High Court, Mahesh Mittal Kumar, and former Director of Intelligence Bureau, Rajiv Jain, had also been recommended by the high-powered panel as members of the NHRC but the official notification is yet to be out until the filing of this report.

IBF appointed Justice (retired) Vikramjit Sen as the chairman

•The Indian Broadcasting Foundation (IBF) announced the appointment of former Supreme Court judge Justice Vikramjit Sen as the Chairman of its newly formed self-regulatory body Digital Media Content Regulatory Council (DMCRC). DMCRC is formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The move was done to bring together the broadcasters and OTT (over-the-top) platforms.

Tata Steel’s T.V. Narendran takes over as CII president

•Tata Steel Ltd chief executive officer and managing director, T.V. Narendran has taken over as president of the Confederation of Indian Industry (CII) for 2021-22. He takes over the leadership of the industry body from Kotak Mahindra Bank Ltd managing director and chief executive officer Uday Kotak, who has completed his term.

•Narendran, an alumnus of the Indian Institute of Management, Calcutta, has been associated with the CII for many years. He was the chairman of CII eastern region during 2016-17 and has led the industry body’s national committees on leadership and human resources, besides being chairman of CII Jharkhand.

RANKING

Centre for World University Rankings 2021-22 announced

•Centre for World University Rankings 2021-22 has announced, 19,788 institutions were ranked, and those that placed at the top made the global 2000 list. Harvard University has topped the ranking globally followed by Massachusetts Institute of Technology, Stanford University, University of Cambridge, and Oxford University respectively.

•As many as 68 Indian institutes have made it to the list of the top 2000 higher education institutes across the world, as per the Centre for World University Rankings (CWUR) 2021-22. The Indian pack is led by the IIM-Ahmedabad which has bagged 415th rank followed by the Indian Institute of Science (IISc) at 459th rank.

BANKING AND ECONOMY

RBI cancelled the licence of Shivajirao Bhosale Sahakari Bank

•The Reserve Bank of India (RBI) has cancelled the licence of Pune-based Shivajirao Bhosale Sahakari Bank. The bank ceases to carry on banking business, with effect from the close of business on May 31. The bank does not have adequate capital and earning prospects. As such, it does not comply with the provision of the Banking Regulation Act, 1949.

•The RBI observed that the bank with its present financial position would be unable to pay its present depositors in full. The bank was placed under RBI Directions from the close of business on May 4, 2019.

•With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of the bank as per the Deposit Insurance and Credit Guarantee Corporation (DICGC). Act, 1961, will be set in motion. As per the data submitted by the bank, more than 98 per cent of the depositors will receive full amounts of their deposits from DICGC.

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