7th January 2021 Super Short Current Affairs for UPSC Exam

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’.


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.