Current Affairs Quiz - August, 2021

Notes:
Indian Bank has partnered with NSRCEL (N S Raghavan Centre for Entrepreneurial Learning), the entrepreneurship Centre of Excellence at the Indian Institute of Management Bangalore (IIM-B) to provide funding for identified start-ups under Indian Bank’s ‘Ind Spring Board’ Scheme. In the year 2020, Indian Bank had launched ‘IND Spring Board’ in collaboration with Indian Institute of Technology Madras Incubation Cell to provide a credit facility of Rs 50 crore to Start-Ups.

Notes:
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.

Notes:
Neeraj Chopra, who won the historic gold for India in athletics by throwing 87.58m at the men’s Javelin Throw final. Not only is this Independent India’s first gold in Athletics at the Olympics but also the only medal ever by an Indian from Athletics.

Notes:
China made its newly constructed terminal operational at Lhasa airport in Tibet. This new terminal is the biggest terminal in Tibet opened to further expand the transport infrastructure in strategic Himalayan region. It will help Tibet to emerge as a global logistics hub for South Asia. New terminal would give a significant boost to passenger and cargo transport. Airport expansion project was completed at the cost of USD 603 million. It will help Tibet in becoming a global logistics hub for South Asia.

Notes:
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.

Notes:
The Finance Ministry has released its fifth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states on August 9. With the release of this installment, a total amount of Rs 49,355 crore has been released to eligible states as PDRD in the current financial year. The Commission has recommended PDRD grants to 17 States during 2021-22.

Notes:
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.

Notes:
Paytm Payments Bank Ltd (PPBL) has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. This is almost 30% of the total FASTags issued by 32 banks in the country. In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags. Besides this, Paytm Payments Bank is also India’s largest acquirer of Toll Plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution. The bank has enabled 280 toll plazas across the National & State highways to collect toll charges digitally. Paytm Payments Bank is also working closely with NHAI for testing and implementing multi-lane free-flow movement using automatic number plate recognition technology. This will further improve the overall customer experience while travelling on the national highways. Paytm FASTag is linked to the Paytm Wallet ensuring users don’t have to opt for multiple recharges.

Notes:
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).

Notes:
GIFT City, the country’s first international financial services centre (IFSC), has collaborated with the India InsurTech Association (IIA) to promote financial technology in the insurance sector. IIA is a not-for-profit organisation working towards growing a technology-driven insurance ecosystem in India. The two entities will collaborate on building thought leadership in the field of insurance and creating awareness about GIFT City among Indian and foreign insurance companies, the country’s first operational smart city said in a statement. To raise awareness about GIFT-IFSC, the collaboration will organise events, information series, seminars, and conferences.