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News in Short

News in Short - 30-October-2021

PM Modi in Italy to participate in G20 summit

Date: 30 October 2021 Tags: India & World
  • Prime Minister Narendra Modi arrived in Italy to participate in the G20 Summit where he will join other leaders in discussions on global economic and health recovery from Covid-19, sustainable development and climate change.
  • He will be visiting Rome and the Vatican City from October 29-31, following which he will travel to Glasgow, the UK, from November 1-2 at the invitation of British Prime Minister Boris Johnson.
  • On the sidelines of the G20 Summit he will also meet with leaders of other partner countries and review the progress in India’s bilateral relations with them.

Facebook renames itself as Meta

Date: 30 October 2021 Tags: IT, Mobile & Computers
  • Facebook is rebranding itself as Meta to reflect the company's focus on building the metaverse, a virtual world where people work, play, learn and connect with their friends and family.
  • Meta will be a new corporate brand that will preside over Facebook and its services including photo app Instagram, messaging app WhatsApp and its virtual and augmented reality efforts. 
  • The rebranding underscores how Facebook has grown beyond social networking. It's also the most high-profile rebranding of a tech company since 2015, when Google formed its parent company Alphabet.

Government extends tenure of RBI governor by 3 years

Date: 30 October 2021 Tags: Miscellaneous
  • The government has extended the tenure of RBI Governor Shaktikanta Das for three years till December 2024. Das had served as former secretary of Department of Economic Affairs from 2015 to 2017.
  • Das, a 1980-batch Tamil Nadu cadre IAS officer, was entrusted with the task of overseeing the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in November 2016.
  • After his retirement, he was named India’s G-20 sherpa and also appointed as a member of the 15th Finance Commission.

Stealth frigate of Indian Navy, Tushil, launched in Russia

Date: 30 October 2021 Tags: Military
  • The first of two additional Krivak or Talwar-class stealth frigates, Tushil, being built in Russia for the Indian Navy, was formally launched into the waters.
  • It is part of four follow-on frigates contracted by India from Russia, of which two are being built by Russia and two are under construction in India through technology transfer.
  • The launch of a ship from dry dock into the waters is significant, as it marks the completion of the basic construction. The advanced construction and equipping of the ship will be done when the ship is afloat.

China to build military base in Tajikistan

Date: 30 October 2021 Tags: Miscellaneous
  • China will take full control of a military base in Tajikistan near the Afghan border that it has been quietly operating and will also build a new base for the Tajik government.
  • Russia and India are among countries that already have a military presence in bases in Tajikistan. China and Tajikistan have, however, continued to officially deny the presence of Chinese security forces there.
  • China’s interest in the base is tied to its security concerns in its western Xinjiang region, which shares a border with Afghanistan and Tajikistan.