Current Affairs Quiz - August, 2021

Notes:
SBI General Insurance partnered with Manipal Business Solutions, the initiator of SahiPay, to expand its penetration of non-life insurance in rural areas of the country. As SahiPay provides digital and financial services in semi-urban and rural areas, SBI General will leverage this customer base to maximize its non-life penetration rate in rural areas by providing a variety of non-life insurance solutions. . Over 65% of the Indian population lives in rural areas and hence this partnership will let them understand the benefits of the insurance, affordable and technology-based products that this association provides.

Notes:
On 9th August National Traders Day is observed in India on the foundation day of Bhartiya Udyog Vyapar Mandal. Union Minister of Commerce and Industry, Piyush Goyal, addressed the traders on the occasion of this day. He said that the traders should undertake customer awareness campaign to make them buy goods which are made in India. The traders also contribute towards the government’s Aatma Nirbhar Bharat Campaign.

Notes:
The Mission Innovation (MI) is a global initiative of 22 countries and the European Commission (on behalf of the European Union) catalyzing investment in research, development and demonstration to make clean energy affordable, attractive and accessible for all. Mission Innovation was launched during 21st Conference of the Parties (COP 21) in November 2015. India, During Phase I played crucial role in MI Activities at global level by participating through DBT, DST and CSIR in eight Innovation Challenges and co-leading three challenges (Smart Grids, Off-Grid access to Electricity and Sustainable Bio fuels). The Ministry of Science and Technology, through Department of Biotechnology (DBT), Department of Science and Technology (DST), Council of Scientific and Industrial Research (CSIR) and Science and Engineering Research Board (SERB) have played a key role in developing global Science & Technology partnerships in critical areas including energy, water, health and astronomy.

Notes:
Nagaland has bagged seven prestigious national awards in the Van Dhan Vikas Yojana (VDVY) and Minimum Support Price (MSP) schemes for exemplary performance in various categories. The VDVY and MSP for Minor Forest Produce (MFP) scheme focus on farmers’ entrepreneurship programmes through processing, packaging, branding and marketing of locally available products, according to an official statement issued on Monday. Nagaland topped in three categories – Best Survey, Best Training and the most number of Van Dhan Vikas Clusters (VDVKCs) established. The North-eastern state also secured third positions in Best Sales Generated at Rs 1,15,86,000 and Innovation and Creativity. It got the two other awards for a couple of ideas: supply of gooseberry wine by a multipurpose society and mushroom.

Notes:
The Indian compound girls’ and mixed teams broke under-18 world records during their ranking round of the World Archery Youth Championships which is being held in Wroclaw, Poland. The girls’ team of Priya Gurjar, Parneet Kaur and Ridhu Senthilkumar combined for a total of 2067 to better the previous record by 22 points. Priya also combined with Kushal Dalal for a mixed pair tally of 1401 to break the previous mark of 1387.

Notes:
Indore, the country’s cleanest city, has now been declared as the first ‘water plus’ city of India under the Swachh Survekshan 2021, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on Wednesday. Indore City received the certification from the centre on Wednesday. Swachh Survekshan is an annual survey of cleanliness, hygiene and sanitation in cities and towns across India launched as part of the Swachh Bharat Mission.

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:
National Bank for Agriculture and Rural Development (NABARD) has sanctioned loan worth Rs 188.81 crore to Goa Government towards construction of super specialty block and enhancement of solid waste management and treatment plan at Saligao for the current financial year 2021-22. For the ongoing financial year, a cumulative loan of Rs 217.72 crore has been sanctioned to the State government for various social infrastructure projects under the Rural Infrastructure Development Fund (RIDF). RIDF was introduced with the sole objective of giving low cost funding support to State Governments and State owned Corporations for quick completion of projects related to Medium and Minor Irrigation, Soil Conservation and others forms of rural/social infrastructure.

Notes:
IIFL Finance has partnered with Bangalore and Gurgaon-based FinBox to offer innovative digital credit products to its merchants. The investment services company will offer digital credit avenues to its merchants, B2B e-commerce traders; using FinBox’s embedded buy-now-pay-later (BNPL) and working capital credit products. Through this partnership, IIFL and FinBox will disburse ₹1,000 crore in loans over the next 2 quarters, through a completely digital model. Rajat Deshpande, co-founder and chief executive officer FinBox said that the FinBox Embedded Finance Platform powers credit on multiple B2B, e-commerce and retailer aggregator platforms. FinBox’s artificial intelligence and machine learning-powered underwriting capability will enable to extend credit even to MSMEs with thin-to-no credit history.

Notes:
SAP India and Microsoft has announced the launch of a joint skilling programme ‘TechSaksham’ for empowering young women students from underserved communities to build careers in technology. Through the joint initiative, SAP India and Microsoft aims to skill 62,000 women students in areas like artificial intelligence, cloud computing, web design and digital marketing. The programme will work in collaboration with the AICTE Training and Learning Academy-ATAL and state collegiate education departments to support the professional development of faculty at participating institutes.