Current Affairs Quiz - August, 2021

Notes:
Khel Ratna Award, which is India’s highest sporting honour, and was named after former Prime Minister Rajiv Gandhi, was on 6th August, 2021 rechristened in the honour of hockey legend Dhyan Chand. The award will now be called as ‘Major Dhyan Chand Khel Ratna Award’. Goal is the title of the autobiography of Major Dhyan Chand.

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Recently, Karnataka Bank has been empanelled by RBI to act as an ‘Agency Bank’ to facilitate transactions related to government businesses. As an empanelled Agency Bank, it is authorised to undertake government businesses such as revenue receipts and payments on behalf of the Centre and States, pension payments in respect of the same, collection of stamp duty charges and also any other item of work specifically advised by the RBI.

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PV Sindhu became the only female sportsperson from India, to win two successive Olympics medals – silver at Rio 2016 and bronze in Tokyo 2020. Over the course of her career, Sindhu has won medals at multiple tournaments including Olympics and on the BWF circuit including gold at the 2019 World Championships. She is the first Indian to become the Badminton World Champion and only the second individual athlete from India to win two consecutive medals at the Olympic Games.

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The 79th anniversary of Quit India movement was observed on August 8, 2021. On this day in 1942, father of the nation Mahatma Gandhi gave the clarion call of Do or Die to all Indians to drive away Britishers from the country. The movement had begun from Gowalia Tank in Mumbai. The day is observed as August Kranti Day every year.

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South Africa has become the first country in the world to grant patent for an invention made by Artificial intelligence (AI). The country has granted a patent to a food container system which is based on Fractal Geometry and was invented by an AI system known as DABUS (Device for Autonomous Bootstrapping of Unified Sentience). Stephen Thaler has created DABUS and it is a type of AI which is referred to as creativity machines as they are capable of complex functions. DABUS’ main function are spoiled food alerts, emergency warning system, etc.

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India is ranked 122nd on a new Global Youth Development Index measuring the condition of young people across 181 countries, released by the Commonwealth Secretariat in London on 10th August, 2021. Singapore ranked topmost while Niger came last. The index ranks countries between 0.00 (lowest) and 1.00 (highest) according to the developments in youth education, employment, health, equality and inclusion, peace and security, and political and civic participation. It looks at 27 indicators including literacy and voting to showcase the state of the world’s 1.8 billion people between the age of 15 and 29.

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The 5th edition of the National Public Procurement Conclave (NPPC) was organized by Government e-Marketplace (GeM) in association with the Confederation of Indian Industry [CII] on the theme “Technology enabled Government Procurement – Towards Efficiency, Transparency, and Inclusiveness”. The conclave was inaugurated virtually by Minister of State for Commerce and Industry, Smt. Anupriya Patel.

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Prime Minister Narendra Modi has addressed the industry on August 11, 2021 on the topic of government and businesses working together for a self-reliant. He spoke on the theme ‘India at 75: government and business working together for Aatmanirbhar Bharat,’ via video conferencing. The two-day annual meeting of the industry body, Confederation of Indian Industry (CII), has started on August 11, 2021. Theme of the PM’s address is the guiding principle for India to overcome the devastating impact of the second wave of Coronavirus pandemic. Union government, in its FY22 union budget, articulated a policy to calibrate its import policies and tariffs in order to encourage more value addition to local economy and to discourage import of finished products. Apart from that, global manufacturers are being encouraged to set up factories in India by means of production incentives. As per Government expectations, a strong push to manufacturing and infrastructure creation will help in stimulating economy as capital spending will have a multiplier effect.

Notes:
Small Industries Development Bank of India (SIDBI), engaged in promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has unveiled ‘Digital Prayaas’ an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups. The objective is to sanction a loan by the end of the day. To cater to those from the urban area, SIDBI has tied up with BigBasket to provide loans to its delivery partners for purchase of e-bikes and e-vans.

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Automation Anywhere Inc. announced the IMEA edition of Imagine Digital – the region’s largest Cloud Robotic Process Automation and Artificial Intelligence event, has begun on 11th August, 2021. The event features ground-breaking discussions around AI-powered, cloud-native automation fuelling digital transformation innovations. Automation Anywhere is a global leader in Robotic Process Automation (RPA).