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:
Tribal Co-operative Marketing Development Federation of India (TRIFED) comes under the Ministry of Tribal Affairs. To increase the sale of tribal crafts and products and visibility and export the Ministry of Tribal Affairs provides funds to Tribal Co-operative Marketing Development Federation of India (TRIFED) for marketing of tribal products by empanelling tribal suppliers comprising of individual tribal artisans, tribal Self Help Groups (SHGs), Organisations / Agencies / NGOs working with tribals etc under the scheme ‘Institutional Support for Marketing and Development of Tribal Products / Produce’. TRIFED is also engaged in direct sale of tribal products, including art & craft items through its network of Tribes India Showrooms, exhibitions, Aadi Mahotsav. Further, marketing is done through online e-commerce portal developed by TRIFED and also online retailers like Amazon, Flipkart etc.

Notes:
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.

Notes:
PM Narendra Modi has chaired UNSC High-Level Open Debate on “Enhancing Maritime Security” Stressing on enhancing maritime security. Prime Minister Narendra Modi on 8th August, 2021 called for peaceful settlement of disputes as per international law and for jointly combating maritime threats posed by non-state actors as he chaired a high-level UN Security Council open debate on “Enhancing Maritime Security – A Case for International Cooperation” via video conferencing. PM Narendra Modi is the first Indian PM to chair UNSC meet.

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:
Prime Minister Narendra Modi on August 8, 2021 announced a National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil, as he stressed on reducing the dependence on imports. He said over Rs 11,000 crore will be invested in the edible oil ecosystem. India is dependent on imports of edible oil to meet the domestic demand. Of the total imports, palm oil constitutes about 55%.

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Uttar Pradesh government has renamed a landmark freedom movement called “Kakori Train Conspiracy” as “Kakori Train Action” and paid tributes to the revolutionaries who were hanged for robbing a train at Kakori in Uttar Pradesh. Revolutionaries had robbed the train in order to buy weapons in 1925. Freedom fighters Ram Prasad Bismil, Ashfaqulla Khan and Roshan Singh were hanged to death on December 19, 1927 for their involvement in Kakori robbery.

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:
Central Bank of India has entered into a strategic co-lending partnership with Dhanvarsha Finvest Ltd (DFL) to offer loans against gold ornaments under priority sector to Micro, Small and Medium Enterprise (MSME) borrowers at competitive rates. Under this partnership, DFL will originate and process loans against gold ornaments as per jointly formulated credit parameters and eligibility criteria and Central Bank of India will take into its book 80% of the gold loans under mutually agreed terms, as per the public sector bank’s stock exchange filing.

Notes:
National Maritime Heritage Complex (NMHC) is to be developed as an international tourist destination. It will be dedicated to the legacy of maritime heritage of India, at Lothal in Gujarat. It will showcase maritime heritage of India from ancient to modern times. It seeks to create an edutainment approach (meaning education with entertainment) for the interest of visitors. It will cover an area of 400 acres comprising of structures like Heritage Theme Park, National Maritime Heritage Museum, Maritime Institute, Lighthouse Museum, eco-resorts etc. It will also comprise of pavilions where all coastal states of India and union territories can showcase artifacts and maritime heritage. NMHC will recreate the ancient Lothal city, a prominent city and port of ancient Indus valley civilization.