11-01-21 Daily-Gujarat-GPSC Current Affairs

Adani Powerhas waived compensation claim for an estimated Rs 11,000 crore to reach an out-of-court settlement withGujarat Urja Vikas Nigam(GUVNL) in a dispute over termination of a February 2007 power purchase agreement (PPA) for supplying 1,000MW electricity.

The entities have now sought scrapping of the 2019 order, saying they have settled their dispute over the 2007 PPA and some aspects of two supplementary PPAs signed in December 2018. As part of the settlement, Adani Power will not put into effect the termination of the 2007 PPA, the main cause of the dispute, and forego compensation claim for supplying power from alternative sources.

The Khelo India Games were created to bring India’s Sports culture back to life. Due to the COVID situation, the 2021 Khelo India Games have been postponed. It is now scheduled to take place in Haryana in January 2022.

Madhya Pradesh will host the Khelo India Youth Games in 2022-23. The Madhya Pradesh Cabinet finally enacted Bhopal as the host city for the games.

The cabinet also approved a 50-acre plot of land for the construction of an international sports center.

For the first phase, the Madhya Pradesh government set aside Rs 176.59 crores. The International Sports Complex will cost Rs 15.56 crore to operate and maintain.

According to an official statement, the Centre will host the first-ever Innovation Week starting Monday to bring together the country’s top startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and others under one platform to celebrate Entrepreneurship and promote innovation, as well as to showcase the entrepreneurship across India.

According to a statement from the Commerce and Industry Ministry, the Department for Promotion of Industry and Internal Trade (DPIIT) is hosting a virtual week-long innovation celebration from January 10 to 16, which also aims to commemorate India’s 75th year of independence and is designed to showcase the spread and depth of entrepreneurship across the country.

In the startup sector, 2021 has been dubbed the “Year of Unicorns,” with more than 40 unicorns expected to be added during the year.

David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel Prize for Economic Sciences.

Highlights:

David Card, Joshua Angrist and Guido Imbens won the Nobel Prize for their methodological contributions to the analysis of causal relationships.

These have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.

This might help with pharmaceutical research and making chemistry greener.

The Nobel Prize for Economic Sciences was shared into equal parts for laureates.

Their strategy has spread to other fields and revolutionised empirical research

In 1968, Sweden’s central Bank established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.

David Julius and Ardem Patapoutian, American Scientists, won the 2021 Nobel Prize for Medicine on 4 October.

Highlights:

David Julius and Ardem Patapoutian won the Nobel Prize for their discoveries of temperature and touch receptors.

These discoveries could help create new painkillers and allows us to understand how heat, cold and mechanical force initiate the nerve impulses.

This might help in the development of treatments for several diseases and conditions.

The Nobel Prize for medicine was shared into equal parts for laureates.

There were also recommendations for COVID 19 Vaccines developers to be rewarded with Nobel Prizes.

Syukuro Manabe, Klaus Hasselmann won the 2021 Nobel Prize for Physics, and Giorgio Parisi won.

Highlights:

Syukuro Manabe, Klaus Hasselmann, and Giorgio Parisi won the Nobel Prize for their contributions to our understanding of complex physical systems.

Syukuro Manabe from Princeton University, USA and Klaus Hasselmann from Max Planck Institute for Meteorology, Hamburg, Germany were awarded for the physical modelling of Earth’s Climate, quantifying variability and reliably predicting “.

Giorgio Parisi from Sapienza University of Rome, Italy, was awarded for discovering the interaction of disorder and variations in physical systems from atomic to planetary scales.