7th January 2021 Super Short Current Affairs for UPSC Exam

Bank Investment Company (BIC)

- Established by the government under Companies act, 2013.

-  A core investment company and will hold more than 50% shares in Public Sector Banks (PSBs).

- BIC was mooted in 2014 by the RBI’s PJ Nayak Committee to review governance of boards of banks.

-  As per the Committee’s recommendations, the government set up a Bank Boards Bureau for selecting the top management of PSBs.

Kochi-Mangaluru Natural Gas Pipeline

- 450 km long gas pipeline 

- Built by Gas Authority of India Limited i.e., GAIL (India) Ltd.

- Aim:  ‘One Nation One Gas Grid’.

- Function

1. Natural gas from the Liquefied Natural Gas (LNG) 2. Regasification Terminal at Kerala’s Kochi to Karnataka’s Mangaluru.

3. Supply eco-friendly PNG to households and CNG to the transportation sector.

4. Supply Natural Gas to commercial and industrial units across the districts along the pipeline.

- The Horizontal Directional Drilling method was used.

Deepor Beel

- Assam’s only Ramsar site.

- News: Kamrup district administration has prohibited community fishing at Deepor Beel.

- Key points:

1. It is a permanent freshwater lake located to the south-west of Guwahati city.

2. Lying in a former channel of the Brahmaputra river

3. It lies to the south of the main river channel.

4. It was designated as a Ramsar site in 2002 for sustaining a range of aquatic life forms besides 219 species of birds.