Current Affairs for SSC CGL Exams - 11 February 2021

SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 11 February 2021

::NATIONAL::

Supreme Court prohibits dismantling of aircraft carrier 'Virat'

  • The Supreme Court put on hold the further dismantling of INS Viraat, the iconic aircraft carrier decommissioned by the Indian Navy following a plea by a Thane-based group which wants to buy it and convert it into a maritime museum.
  • Issuing notice on the petition filed by M/s Envitech Marine Consultants Private Limited through its directors Vishnukant Sharma and Rupali Vishnukant Sharma, a bench headed by Chief Justice of India S A Bobde ordered, “In the meantime, parties are directed to maintain status quo with regard to dismantling/breaking of the subject-ship known as INS Viraat, as on date.”
  • The group had earlier approached the Bombay High Court with its request. The High Court asked the Defence Ministry to take a decision on their representation for a No Objection Certificate from the government to acquire it. The ministry, however, rejected their request for NOC, following which the group approached the Supreme Court.

::INTERNATIONAL::

End of 'colonial noose': New Zealand lawmaker wins battle against neckties

  • An Indigenous lawmaker has won his battle against wearing a tie in New Zealand Parliament, ending a longstanding dress requirement that he describes as a “colonial noose.”
  • Rawiri Waititi, the co-leader of Maori Party, this week sparred over the dress code with Parliament Speaker Trevor Mallard, who has the job of enforcing the rules — even though Mallard said he didn't personally agree with the necktie rule.
  • Mallard had previously warned Waititi that he needed to wear a tie and then on Tuesday kicked him from the debating chamber after Waititi showed up wearing a traditional pendant around his neck called a hei tiki.
  • “I do not recognize the member, he will now leave the chamber,” Mallard told Waititi, who responded by saying the issue wasn't about ties but about culture.
  • “This is a breach of the rights of Indigenous peoples,” Waititi told reporters afterward. “We have the right to practice our cultural identity.”
  • “The majority of the committee was in favor of removing the requirement for ties to form part of appropriate business attire' for males,” the speaker wrote in his explanation, adding that ties would no longer be required.
  • Waititi hailed the change as a win for Maori and Indigenous people around the world. And with the rules loosened, several other male lawmakers followed his lead by not wearing ties.

::ECONOMY::

RailTel IPO to open on Feb 16; price band set at 93-94

  • State-owned information and communications technology infrastructure provider RailTel corporation of India will launch its maiden initial public offer (IPO) for subscription on February 16. The IPO was first supposed to be launched in January. RailTel Corporation was incorporated in the year 2000 and is wholly owned by the government of India and administered by the ministry of railways. As on 30 June 2020, the company has covered an optic fiber network of over 55,000km and 5677 railway stations. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.

Here’s everything you need to know about RailTel IPO which opens on February 16:

  • The price band for the public issue has been fixed at ₹93-94 per share, which is 9.30-9.40 times the face value of equity shares.
  • The IPO will be a complete offer of 8,71,53,369 equity shares held by the government. Of this, 5 lakh equity shares may be reserved for the company's employees.
  • The offer will give ₹819.24 crore at higher price band to the government. Therefore, the company will not get any money from this offer.
  • Investors can bid for a minimum 155 equity shares and in multiples of 155 equity shares thereafter.
  • The offer will close on February 18.
  • ICICI securities, IDBI capital markets & securities and SBI capital markets are the book running lead managers to the issue. The registrar of the IPO is KFintech Private Limited.
  • Investors who are willing to invest can apply for the IPO online using either UPI or ASBA as payment method. ASBA IPO application will be available in net banking whereas UPI IPO application will be offered by brokers who don't offer banking services.
  • This would be the sixth IPO this year, after Indian Railway Finance Corporation (IRFC), Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India Real Estate Trust.

::SCIENCE AND TECH::

India launched 328 satellites from 33 different countries till date: Centre

  • Union Minister Jitendra Singh said that ₹900 crore was allocated to the Indian Space Research Organization (ISRO) for the financial year 2020-21 for developing capacity for the launching of satellites.
  • In a written reply to a question in the Lok Sabha, he said that the Department of Space has been involved in launching satellites of foreign countries since long. The total number of satellites launched till date is 328 from 33 different countries and the revenue earned till date is 25 million US dollars and 189 million Euros. Moreover, the Government of India has established New Space India Limited (NSIL), a public sector undertaking (PSU) under the Department of Space to commercially launch satellites and become financially self-reliant.
  • "ISRO is striving towards achieving Atmanirbharta in the field of capacity development in launching satellites; therefore, no policy is envisaged for seeking foreign cooperation in this direction," stated the press release by the Department of Space.

::SPORTS::

FA Cup: City on record winning run, Everton beats Spurs 5-4

  • One of the most relentless schedules in the history of English soccer hasn’t stopped Manchester City putting together a record-setting run of wins.
  • It’s 15 straight victories and counting for Pep Guardiola’s irrepressible team, which has another domestic treble in its sights.
  • On an action-filled evening in the FA Cup featuring a wild 5-4 win for Everton over Tottenham, Man City beat second-tier Swansea 3-1 to also reach the quarterfinals and break the record for most consecutive wins in all competitions by a top-flight team. The mark had lasted for nearly 130 years, with Preston winning 14 in a row in 1892. That was later matched by Arsenal’s class of 1987.

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