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1 June 2021 Current Affairs
RBI imposes Rs. 10 crore penalty on HDFC Bank.
- The Reserve Bank of India has imposed a fine of Rs 10 crore on HDFC Bank for deficiencies in regulatory compliance found in the auto loan portfolio of the bank.
- As per the RBI, HDFC Bank has violated the provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949.
After receiving a complaint from a whistleblower, RBI conducted an examination in the marketing and sale of third-party non-financial products to the bank’s auto loan customers and found that the bank was in contravention of regulatory directions.
- RBI has imposed the monetary penalty in the exercise of powers vested by the central bank under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act.
World No Tobacco Day observed on 31st May.
- Every year, on 31st May, the World Health Organization (WHO) and global partners celebrate World No Tobacco Day (WNTD).
- The annual campaign is an opportunity to raise awareness on the harmful and deadly effects of tobacco use and second-hand smoke exposure, and to discourage the use of tobacco in any form.
Government launches YUVA PM Scheme For Mentoring Young Authors.
- The Department of Higher Education under the Ministry of Education has launched a new initiative called ‘YUVA- Prime Minister’s Scheme For Mentoring Young Authors’. YUVA stands for Young, Upcoming and Versatile Authors.
- It is an Author Mentorship programme to train young and budding authors, below 30 years of age to promote reading, writing and book culture in the country, and project India and Indian writings globally.
- The National Book Trust, India under the Ministry of Education will be the Implementing Agency for the scheme.
Union Minister Shri Narendra Singh Tomar launches Horticulture Cluster Development Programme.
- To ensure holistic growth of horticulture, Union Minister of Agriculture and Farmers’ Welfaree Shri Narendra Singh Tomar virtually launched the Horticulture Cluster Development Programme (CDP).
- In a pilot phase, the programme will be implemented in 12 horticulture clusters out of the total 53 clusters selected for the programme.
- A central sector programme implemented by the National Horticulture Board (NHB) of the Ministry of Agriculture and Farmers’ Welfare, CDP aims at growing and developing identified horticulture clusters to make them globally competitive.
IIT Ropar develops “AmbiTAG”- India’s first indigenous temperature data logger for the cold chain management.
- Indian Institute of Technology, Ropar (IIT Ropar) in Punjab has developed a first-of-its-kind IoT device – AmbiTag that records real-time ambient temperature during the transportation of perishable products, vaccines and even body organs and blood.
- That recorded temperature further helps to know whether that particular item transported from anywhere in the world is still usable or perished because of temperature variation.
- This information is particularly critical for vaccines including Covid-19 vaccine, organs and blood transportation.
Scientists develop efficient Artificial Synaptic Network that Mimics Human Brain.
- Scientists have fabricated a device that can mimic human brain cognitive actions and is more efficient than conventional techniques in emulating artificial intelligence, thus enhancing the computational speed and power consumption efficiency.
- The human brain comprises of nearly a hundred billion neurons consisting of axons and dendrites. These neurons massively interconnect with each other via axons and dendrites, forming colossal junctions called synapse. This complex bio-neural network is believed to give rise to superior cognitive abilities.
- Software-based artificial neural networks (ANN) can be seen defeating humans in games (AlphaGo and AlphaZero) or helping handle the Covid-19 situation. However, the power-hungry (in megawatts) von Neumann computer architecture slows down ANNs performance due to the available serial processing while the brain does the job via parallel processing consuming just 20 W. It is estimated that the brain consumes 20% of the total body energy.
Chelsea wins 2020-21 UEFA Champions League Final.
- Chelsea defeated Manchester City 1–0 in the final, to lift the 2020-21 UEFA Champions League title, on May 29, 2021, played at the Estádio do Dragao in Porto, Portugal.
- German forward Kai Havertz scored the only goal of the football match. This is the second Champions League title for Chelsea, after winning the first won in 2012.
Union Government allocates Rs. 3,411 Crore Grant to Gujarat for 2021-22 under Jal Jeevan Mission.
- In order to achieve the goal of “Har Ghar Jal” i.e. providing every household with assured tap water supply on regular and long-term basis, the National Jal Jeevan Mission, Ministry of Jal Shakti, Government of India has allocated Rs. 3,410.61 Crore grant to the state of Gujarat under the Jal Jeevan Mission for the year 2021-22, out of which the first tranche of Rs. 852.65 Crores has been released.
- Union Minister Shri Gajendra Singh Shekhawat approved the four-fold increase in allocation of grant to the State of Gujarat for water supply. The Central Government’s allocation for the year 2019-20 was Rs. 390.31 Crores, which was raised to Rs. 883.08 Crore in 2020-21.
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