Latest Current Affairs Daily Update

02 Sep 2021 Current Affairs in English

National

FM Nirmala Sitharaman inaugurates ‘My Pad, My Right’ project in Tripura

In Tripura, Union Finance Minister Nirmala Sitharaman has inaugurated a project called ‘My Pad, My Right’ initiated by NABARD and NABFOUNDATION at Killa village in Gomati district on the second and concluding day of her visit to the state.

The project aims to bring livelihood and menstrual hygiene closer to rural women by way of grants, wage support, and capital equipment.

The Union Minister also flagged off the mobile ATM van of Tripura State Co-Operative Bank Limited which will cover all Gram Panchayats and Village Committees of South Tripura District.

Useful notes for all competitive exams:

  • Chief Minister of Tripura: Biplab Kumar Deb; Governor: Satyadeo Narain Arya.

Punjab to Launch ‘Mera Kaam Mera Maan’ Scheme to Help Unemployed Youth

The Punjab Cabinet gave a nod to a new scheme that will help the unemployed youth in the state to hone their skills and increase their chances of getting a job.

These youngsters will be given short-term skill training free of cost under the ‘‘Mera Kaam Mera Maan” scheme of the state government. A target of 30,000 beneficiaries has been proposed, at a cost of ₹ 90 crores.

The scheme also provides an employment assistance allowance of ₹ 2,500 per month for a period of 12 months from the start of the training course, which will be conducted at Punjab Skill Development Mission training centers.

The allowance shall be given during the training period, and after successfully completing the training, during the pre-placement and post-placement period of 12 months from the date of the start of the program.

Useful notes for all competitive exams:

  • Punjab CM: Captain Amarinder Singh.
  • Punjab Governor: Banwarilal Purohit.

Appointments

Ladakh based Dorje Angchuk to be inducted as Honorary Member of the IAU

Dorje Angchuk, an Engineer in charge at the Indian Astronomical Observatory of the Indian Institute of Astrophysics (IIA) at Hanle in the Ladakh region, has been admitted as an Honorary Member of the International Astronomical Union (IAU).

Angchuk is the first and only Indian to bag the position in the prestigious body. Angchuk has been selected for ‘his passionate promotion of astronomy in the Ladakh region, through his excellent astrophotography’. He will be joining ten other Honorary Members from around the world, selected by IAU to join a select list of 20 international experts.

Useful notes for all competitive exams:

  • The Indian Institute of Astrophysics (IIA) is an autonomous institute of the Department of Science & Technology (DST), Govt. of India, headquartered in Bengaluru;
  • The International Astronomical Union (IAU) headquarters: Paris, France.

Adidas roped Mirabai Chanu for its ‘Stay in Play’ campaign

Adidas has roped in Tokyo Olympic Silver-medalist Mirabai Chanu as the face of its ‘‘Stay in Play” campaign for its latest product innovation designed to keep more menstruating women in sports.

The new TechFit Period Proof tights, featuring an absorbent layer to help protect against leaks when worn with a tampon or pad.

Such innovations showcase Adidas’ commitment to encourage and support women in sport. Adidas found that teenage girls are dropping out of sport at an alarming rate, with one of the key reasons being fear of period leakage.

Useful notes for all competitive exams:

  • Adidas Founder: Adolf Dassler;
  • Adidas Founded: 18 August 1949;
  • Adidas Headquarters: Herzogenaurach, Germany;
  • Adidas CEO: Kasper Rorsted.

TN Governor Banwarilal Purohit gets additional charge of Punjab, Chandigarh

Tamil Nadu Governor Banwarilal Purohit has been given the additional charge of Punjab and the Union Territory of Chandigarh. Earlier, V P Singh Badnore was the Governor of Punjab and the Administrator of Chandigarh.

The President has also appointed Purohit as the Administrator of Chandigarh, in addition to his duties as the Governor of Punjab. Traditionally, Punjab Governor has functioned as the Administrator of Chandigarh.

Economy

Moody’s Retains India’s GDP growth forecast to 9.6% for CY2021

Moody’s Investors Service has retained India’s growth forecast for the calendar year (CY) 2021 at 9.6 percent, in its August update to the ‘Global Macro Outlook 2021-22’ report. The GDP growth forecast for the calendar year 2022 is retained at 7 percent.

In India, economic activity is picking up alongside a gradual easing of restrictions that were implemented in response to the second wave. And there is further upside to growth as economies around the world progressively reopen.

Banking

SBI opened a floating ATM on Dal Lake in J&K’s Srinagar

State Bank of India has opened a floating ATM on a Houseboat at Dal Lake in Jammu and Kashmir’s Srinagar for the convenience of locals and tourists. The floating ATM was inaugurated by SBI Chairman Dinesh Khare.

This is not the first time that SBI has launched a floating ATM as back in 2004, the bank took this initiative in Kerala. The SBI installed a floating ATM at Jhankar yacht, which operates between Ernakulum and Vaypeyan region, owned by Kerala Shipping and Inland Navigation Corporation (KSINC). 

Useful notes for all competitive exams:

  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • SBI Founded: 1 July 1955.

Business

PayU acquires BillDesk for $4.7 bn

Netherlands-based Prosus NV has announced to acquire the Indian digital payments provider BillDesk and merge it with its own fintech service business PayU. The size of the deal is $4.7 billion.

This acquisition will make the combined entity of PayU and BillDesk the leading online payment providers globally and in India by total payment volume (TPV).

The transaction is subject to approval from the Competition Commission of India (CCI).

This acquisition will also raise Prosus’s investment into India to $10 billion, which has so far invested $6 billion in the Indian tech ecosystem.

Prosus NV is the global consumer internet group and one of the largest technology investors in the world.

Useful notes for all competitive exams:

  • PayU CEO: Laurent le Moal;
  • PayU Founded: 2006;
  • BillDesk Founder(s): M.N. Srinivasu; Ajay Kaushal; Karthik Ganapathy;
  • BillDesk Headquarters: Mumbai;
  • BillDesk Founded: 29 March 2000.

Defense

India Conducts Maritime Partnership Exercise with Algerian Navy

The Indian Naval Ship, INS Tabar, is on her goodwill visit to the number of ports in Africa and Europe since June 2021 till September 2021.

As a part of this visit, INS Tabar took part in the Maiden Maritime Partnership Exercise with Algerian Navy, off the Algerian coast, in the Mediterranean Sea. The Algerian Naval Ship ANS Ezzadjer participated in the exercise.

The objective of the exercise was to enhance interoperability, understand the concept of operations followed by each other, and opened the possibility of increasing interaction and collaboration between the two navies in the future.

INS Tabar is a Talwar-class stealth Frigate built in Russia for the Indian Navy. The ship is a part of the Indian Navy’s Western Fleet, based in Mumbai.

Useful notes for all competitive exams:

  • Algeria Capital: Algiers;
  • Algeria Currency: Algerian dinar;
  • Algeria President: Abdelmadjid Tebboune.

Ranks and Reports

Amul ranks 18th in Rabobank 2021 Global Dairy Top 20 Report

Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) has dropped two places to rank 18th in Rabobank’s 2021 Global Top 20 Dairy Companies list.

Amul was placed in the 16th spot in 2020. Amul has achieved an annual turnover of $5.3 billion.

French-based dairy company Lactalis has topped the list as the world’s largest dairy company with a turnover of US $23.0 billion. It has unseated Switzerland-based global behemoth Nestle, which dominated the list for decades.

Rabobank’s Global Dairy Top 20 Report is released annually to rank the dairy industry upon its sales data and financial statements.

Science and Technology

IIT Madras announces online platform ‘E-Source’

The Indian Institute of Technology (IIT) Madras is working on developing an innovative digital model to address the problem of e-waste (electronic wastes).

The digital platform, named ‘e-Source,’ will act as an exchange platform, to serve as an online marketplace for Waste Electrical and Electronic Equipment (WEEE). 

The platform will link various stakeholders (buyers and sellers) of used and waste electronic equipment and components, both in the formal and informal economy.

The initiative is being led by the Indo-German Centre for Sustainability (IGCS), a center set up at IIT Madras in 2010 at the initiative of the German and Indian governments.

Awards News

Neurosurgeon Basant Misra receives prestigious AANS Award

Odisha-born neurosurgeon Dr. Basant Kumar Misra has been conferred the prestigious American Association of Neurological Surgeons ‘International Lifetime Achievement Award in Neurosurgery’.

Misra is the first Indian physician to receive the AANS honor which was conferred on him at a virtual ceremony during the AANS Annual Scientific Meeting 2021 held in Orlando, Florida. He was the world’s first surgeon to perform Computer-Guided Aneurysm surgery.

Sports

Dale Steyn announces retirement from all forms of cricket

South African cricketer Dale Steyn has announced his retirement from all forms of cricket with immediate effect on August 31, 2021, ending his 20 years long cricket journey.

The 38-year-old Proteas (South Africa national cricket team) pacer last played for South Africa in T20 vs Australia in February 2020. He had also played for Royal Challengers Bangalore (RCB) in the Indian Premier League (IPL).

Paralympics 2020: Mariyappan Thangavelu wins Silver in men’s high jump

India’s Mariyappan Thangavelu has won the silver medal in the men’s high jump (T63) at the Tokyo Paralympics. He cleared the 1.86m mark to take home silver. In the same event, Sharad Kumar won the bronze medal, clearing the 1.83m mark.

Sam Grewe of the United States won the gold medal after he cleared the 1.88m mark. With the two new medals, India’s medal tally at the Tokyo Paralympics has now reached 10.

Paralympics 2020: Singhraj Adhana wins bronze medal in 10m Air Pistol

At the ongoing Tokyo Paralympics 2020, Indian shooter Singhraj Adana has won the bronze medal in the P1 Men’s 10m Air Pistol SH1 final on August 31, 2021. Adana shot a total of 216.8 to finish in third place.

China dominated the finals with defending champion Chao Yang (237.9 — Paralympic record) and Huang Xing (237.5) winning the gold and silver medals respectively.


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