Daily Current Affairs: August 11, 2021

Daily Current Affairs (August 11, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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National News

Union Ministry of Earth Sciences will implement Deep Ocean Mission at a budget of Rs. 4077 crores in five years

• The Union Ministry of Earth Sciences will implement Deep Ocean Mission at a total budget of  Rs. 4077 crores in the next five years during the period 2021–2026.

Deep Ocean Mission

• Formed: 2018

State News

Sikkim Governor and Arunachal Pradesh Governor gets additional charge of Manipur and Mizoram

• Sikkim Governor Ganga Prasad was given the additional charge of Manipur, while Arunachal Pradesh Governor D. Mishra was given the additional responsibility of Mizoram.

Sikkim                     

• Capital: Gangtok
• Chief Minister: Prem Singh Tamang
• Governor: Ganga Prasad

Arunachal Pradesh

• Capital: Itanagar
• Chief Minister: Pema Khandu
• Governor: B. D. Mishra

International News

South Africa becomes the first country in the world to grant a patent to an invention by Artificial Intelligence (AI)

• South Africa became the first country in the world to grant a patent to an invention created by Artificial Intelligence (AI).
• The innovation involved interlocking food containers that are easy for robots to grasp and stack. The inventor of this innovation is an artificial intelligence (AI) system called DABUS (Device for the Autonomous Bootstrapping of Unified Sentience).

South Africa

• Capital: Cape Town, Pretoria, Bloemfontein
• Currency: South African Rand
• President: Cyril Ramaphosa

Banking & Economy

Kerala Financial Corporation announced the ‘KFC Startup Kerala’ scheme for startups

• Kerala Financial Corporation (KFC) announced a comprehensive scheme for funding up to Rs. 10 crores for startups.
• The ‘KFC Startup Kerala’ scheme will support startups in all stages of their growth, starting from proof of concept to prototype development, product trials, market entry, commercialisation nd scaling up.

SIDBI launches ‘Digital Prayaas’ app for providing loans

• Small Industries Development Bank of India (SIDBI) launched ‘Digital Prayaas’, an app-based end-to-end digital lending platform whereby loan sanctioned will be accorded to aspiring entrepreneurs from the bottom of the pyramid by the end of the day.
• This app facilitates speedy onboarding of loan applicants in a digital and integrated process with better risk management.

Small Industries Development Bank of India (SIDBI)

• Headquarters: Lucknow, Uttar Pradesh
• Chairman & Managing Director (CMD): S Ramann

 Reserve Bank of India comes out with a ‘scheme of penalty for non-replenishment of ATMs’

• The Reserve Bank of India (RBI) has asked banks and White Label ATM Operators (WLAOs) to strengthen their systems to monitor the availability of cash in ATMs and ensure timely replenishment to avoid cash-outs, failing which monetary penalty will be imposed on them.
• RBI has come out with a “scheme of penalty for non-replenishment of ATMs”, which will be effective from 1 October 2021.
• Cash-out (when the customer is not able to withdraw cash due to non-availability of cash in a particular ATM) at any ATM of more than ten hours in a month will attract a flat penalty of Rs. 10,000 per ATM.

Reserve Bank of India (RBI)

• Headquarters: Mumbai, Maharashtra
• Formation: 1 April 1935
• Governor: Shaktikanta Das
• Deputy Governors: M. K. Jain, M. D. Patra, Rajeshwar Rao and T. Rabi Sankar
• Subsidiaries: Deposit Insurance and Credit Guarantee Corporation (DICGC), Bharatiya Reserve Bank Note Mudran (BRBNM)

 Ranks and Indices

India ranks 122 out of 181 countries in the 2020 Global Youth Development Index

• India ranked 122^nd in the 2020 Global Youth Development Index, which measures the status of young people in 181 countries around the world.
• Singapore was ranked at the top of the index  for the first time, followed by Slovenia, Norway, Malta and Denmark.
• Chad, the Central African Republic, South Sudan, Afghanistan and Niger finished at the bottom, respectively.

Appointments

Cashify appoints Rajkummar Rao as its first brand ambassador

• Re-commerce marketplace Cashify announced Rajkummar Rao as its first brand ambassador.
• Rajkummar Rao has signed a multi-year contract with Cashify and he will promote the products across digital media platforms through campaigns and promotional activities exclusively for the smartphone buyback category.

Union Cabinet Secretary Rajiv Gauba gets a one-year extension

• The Union Government has extended the tenure of senior Jharkhand-cadre IAS officer Rajiv Gauba as the Union Secretary.
• Rajiv Gauba is likely to continue as Union Cabinet Secretary till August 2022 as per the latest announcement by the Appointments Committee of the Cabinet.

Nagabhushana Reddy was appointed as the new High Commissioner of India to Malaysia

• Nagabhushana Reddy was appointed as the next High Commissioner of India to Malaysia.
• He is a 1993-batch Indian Foreign Services (IFS) officer.

Malaysia:

• Capital: Kuala Lumpur
• Currency: Malaysian Ringgit
• Prime minister: Muhyiddin Yassin

Agreements and MoUs Signed

TRIFED is set to collaborate with Assam Government to establish Van Dhan Kendra clusters

• TRIFED (Tribal Co-operative Marketing Federation of India) would collaborate with the Assam Government to establish a comprehensive network of Van Dhan Kendra clusters and five TRIFOOD Tribal Food Parks in Assam.
• The objective of this meeting was to identify the contours of setting up a comprehensive Van Dhan network of 7000 Van Dhan Self-Help Groups subsumed under 350 Van Dhan Kendra clusters, five TRIFOOD Tribal Food Parks and a digital marketing network.

TRIFED

• Headquarters: New Delhi
• Formed: 1987

 Assam    

• Capital: Dispur
• Chief Minister: Himanta Biswa Sarma
• Governor: Jagdish Mukhi
• National Parks: Orang National Park, Manas National Park, Dibru-Saikhowa National Park, Kaziranga National Park, Nameri National Park, Raimona National Park and Dihing-Patkai National Park

Awards and recognitions

Mindtree was recognised with the 2021 ISG Digital Case Study Award

• Mindtree was recognised by Information Services Group (ISG) with the 2021 ISG Digital Case Study Award for its best-in-class digital transformation work with four enterprise customers.
• The ISG Digital Case Study Awards evaluate the objectives, solutions and outcomes achieved through enterprise digital transformation projects by technology and service providers worldwide.

Mindtree

• Headquarters: Bengaluru
• CEO: Debashis Chatterjee

Defence News

INS Talwar participates in a post conclusion of exercise Cutlass Express 2021 in Mombasa

• Indian Naval Ship Talwar participated in a post conclusion of exercise Cutlass Express 2021 with the Kenyan Navy Ship Shujaa at Mombasa, the coastal city in southeast Kenya.
• This exercise started from26 July to 6 August  along the east coast of Africa to improve combined maritime law enforcement capacity and promote national and regional security.

Kenya

• Capital: Nairobi
• Currency: Kenyan Shilling
• President: Uhuru Kenyatta

India and Saudi Arabia are set to carry out first-ever naval exercise ‘ Al- Mohed Al-Hindi’

• India and Saudi Arabia are all set to conduct their first-ever naval exercise in reflection of their growing defence and military cooperation.
• Indian Navy’s guided-missile destroyer INS Kochi reached Saudi Arabia for the ‘Al-Mohed Al-Hindi 2021’

Saudi Arabia

• Capital: Riyadh
• Currency: Riyal.
• Prime Minister: Salman bin Abdulaziz Al Saud

India successfully tests the DRDO-developed indigenous technology cruise missile

• India successfully tested the DRDO-developed indigenous technology cruise missile off the coast of Odisha.
• The missile flew for around 150 km with an indigenous cruise engine.
• The surface-to-surface ballistic missile was test-fired from a mobile launcher off the Abdul Kalam Island in Odisha.

Science and Technology

BBCI and IIT Guwahati sign an MoU to collaborate on cancer research

• The B Barooah Cancer Institute (BBCI) and Indian Institute of Technology (IIT), Guwahati, have signed a Memorandum of Understanding for research collaborations on cancer.

Books and Authors

Sudha Murty’s new book is titled ‘How the Earth Got Its Beauty’

• Popular children’s author Sudha Murty has come out with a beginners guide, “How the Earth Got Its Beauty”, on the extraordinary stories about the earth.
• The book is published by Penguin Random House.

Daily CA- 11 August One-liners

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