Current Affairs Quiz - August, 2021

Notes:
The Taxation Laws (Amendment) Bill, 2021 was passed in the Lok Sabha on 6th August, 2021. The bill seeks to do away with the contentious retrospective tax provision. The Taxation Laws (Amendment) Bill proposes to amend the Income Tax Act, 1961 to provide that no tax demand shall be raised in the future on the basis of the retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012. Pranab Mukherjee was the finance minister when retrospective tax provision was included in 2012.

Notes:
UNICEF India and Facebook have launched a one-year joint initiative on ending violence against children, with a special focus on online safety. The partnership seeks to create a safe environment for children both offline as well as online. This initiative aims to improve children’s resilience and capacity to access the digital world safely, increase awareness on violence against children and its impact on children, communities and families, as well as increase skills of communities and frontline workers to better prevent and respond to violence.

Notes:
Bhavani Devi is the first Indian fencer to ever qualify for the Olympics after qualifying for the 2020 Summer Olympics. Bhavani Devi became the first Indian fencer to qualify for Olympics. The eight-time national champion had failed to qualify for the Rio Olympics. She started her sports career in 2003. As of April 2021, she ranks 42nd in the world with 37.0 points.

Notes:
1971 war hero Commodore Kasaragod Patnashetti Gopal Rao dies at 94. Commodore Kasaragod Patnashetti Gopal Rao, a 1971 war hero and recipient of the Mahavir Chakra in the year 1971, passed away at the age of 94 on August 9, 2021. Rao was a recipient of the Veer Seva Medal also. He played a key role in the war with Pakistan to liberate East Pakistan that is now Bangladesh. Rao led a small task group of the Western Fleet and launched an offensive off the coast of Karachi as part of Operation Cactus Lily. He led the group into enemy waters on the night of December 4, 1971 and sunk two destroyers and a minesweeper.

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:
The Parliament has passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business. The bill seeks to decriminalise 12 offences under the law and help improve the ease of doing business by amending the Limited Liability Partnership (LLP) Act, 2008. It was passed by the Lok Sabha on August 9, 2021 and Rajya Sabha on August 4. Finance Minister Nirmala Sitharaman said that with the passage of the bill, criminal offences will be brought down while ease of doing business will go up and partners will have more flexibility.

Notes:
Last remaining population of the Asiatic Lions are found in Gir National Park of Gujarat. In 2020, population of Asiatic lions has surged by almost 29% in Gujarat’s Gir forests. The distribution area of lions has also increased by 36%. Gir National Park and Wildlife Sanctuary, also known as Sasan Gir, is a forest, national park, and wildlife sanctuary near Talala Gir in Gujarat, India. This national park was established in 1965.

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.

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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.

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.