Daily Current Affairs: August 26, 2021

Daily Current Affairs (August 26, 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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Important Days

Women’s Equality Day – 26 August

• Women’s Equality Day is observed on 26 August every year. This day commemorates the passage of women’s suffrage in the United States and reminds us of the challenges faced by the heroic women who overcame violence and discrimination to propel the women’s movement.

National News

Indian Prime Minister Narendra Modi chairs the 37^th edition of the PRAGATI Meeting                   

• Indian Prime Minister Narendra Modi chaired the 37^th edition of the PRAGATI (Pro-Active Governance and Timely Implementation) Meeting, which brings together the Union and the state governments.
• Nine agenda items were discussed at this meeting, including eight projects and one scheme. Three projects each from the Union Ministry of Railways and the Union Ministry of Road Transport and Highways, as well as two projects from the Union Ministry of Power, were reviewed at this meeting.

Indian National Security Advisor Ajit Doval virtually hosts the India-Brazil-South Africa (IBSA) National Security Advisors   

• National Security Advisor of India Ajit Doval virtually hosted the inaugural meeting of the India-Brazil-South Africa (IBSA) National Security Advisor
• Maritime security, the fight against terrorism and transnational organised crime and cyber security were all discussed during this virtual meeting.

Union Ministry of Jal Shakti launches a 100-day campaign named ‘Sujalam’ as a part of the 75 years of India’s independence

• Union Jal Shakti Ministry launched Sujalam, a 100-day campaign, as a part of the ‘Azadi Ka Amrit Mahotsav’ (75 years of India’s independence to build more Open Defecation Free (ODF) plus villages by implementing wastewater management at the local level.
• This campaign would help in wastewater management, which would in turn help in the restoration of water bodies. The focus area of this campaign is to ensure that all newly emerging households in the village have access to toilets.

Union Cabinet approves an MoU between the Institute of Chartered Accountants of India (ICAI) and the Institute of Professional Accountants of Russia (IPAR)

• The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the Institute of Professional Accountants of Russia (IPAR) to strengthen cooperation in matters of the accountancy profession through an exchange of views, information in respect of professional accountancy training, professional ethics, technical research and professional development of accountants.

Union Government launches SAMRIDH programme to boost startups

• Union Minister of Electronics & Information Technology Ashwini Vaishnaw launched the ‘Startup Accelerators of MeitY for pRoduct Innovation, Development and growth SAMRIDH)’ programme to provide a conducive platform for Indian software product startups to help them scale up their businesses.

State News

Karnataka becomes the first state in India to implement National Education Policy 2020

• Karnataka became the first state in India to officially implement the National Education Policy (NEP) 2020.
• The teaching programme under the new education policy will begin from 1 October 2021.
• The process of admissions under this new policy will be initiated by the universities in the state.

Note: Madhya Pradesh became the second state in India to officially implement the National Education Policy 2020.

Karnataka

• Capital: Bengaluru
• Chief Minister: Basavaraj Bommai
• Governor: Thaawarchand Gehlot
• National Park: Anshi National Park, Kudremukh National Park, Bandipur National Park, Bannerghatta National Park, Rajiv Gandhi (Nagarhole) National Park

International News

United Arab Emirates (UAE) is set to unveil the world’s largest and tallest observation wheel

• Dubai (UAE) is set to unveil the world’s largest and tallest observation wheel named ‘Ain Dubai’ on 21 October 2021 at Blue Water Islands.

• This landmark stands twice the height of the London Eye and will allow visitors to enjoy a majestic view of the Dubai skyline from nearly 250 metres.

United Arab Emirates (UAE)

• Capital: Abu Dhabi
• Currency: Dirham
• President: Khalifa Bin Zayed Al Nahyan
• Prime Minister: Mohammed Bin Rashid Al Maktoum

Banking & Economy

Karnataka Bank launches KBL FASTag for seamless movement of vehicles at the toll plazas

• Karnataka Bank collaborated with the National Payments Corporation of India (NPCI) and the FASTag processor World line and launched a payment instrument named ‘KBL FASTag’ to facilitate seamless movement of vehicles at the toll plazas across India.

Karnataka Bank

• Headquarters: Mangalore
• MD & CEO: M. S. Mahabaleshwara

Infosys becomes the fourth Indian firm to hit $100 billion market capitalisation (m-cap)

• Infosys achieved a landmark market capitalisation (m-cap) of $100 billion and became the fourth Indian company to hit that mark.
• Reliance Industries ($140 billion), Tata Consultancy Services ($115 billion) and HDFC Bank ($100.1 billion) are the other Indian firms in the club with Infosys.

Appointments

Pranay Verma was appointed as a High Court Judge of Madhya Pradesh

• Indian President Ram Nath Kovind appointed Pranay Verma as a Judge of the Madhya Pradesh High Court.

Rajesh Choudhary was appointed as Chief Information and Technology Officer of CSB Bank

• Kerala-based private lender Catholic Syrian Bank (CSB) Limited announced the appointment of Rajesh Choudhary as its Chief Information and Technology Officer.
• He will be responsible for establishing the technical vision and leading all aspects of the bank’s technology development.

Agreements and MoUs signed

India and the Maldives sign the largest-ever infrastructure project in the Maldives

• India and the Maldives signed the largest-ever infrastructure project in the Maldives which will be developed by a Maharashtra-based business, AFCONS Infrastructure Limited.
• The 6.7 km Greater Male Connectivity Project (GMCP) will be the largest civilian infrastructure project in the Maldives.
• India will fund a $400 million Line of Credit and a $100 million grant for the implementation of the Greater Male Connectivity Project.

Maldives

• Capital: Male
• Currency: Maldivian Rufiyaa
• President: Ibrahim Mohamed Solih

Defence News

Indian Navy participates in the 25^th edition of Malabar naval exercise

• Indian Navy ships INS Shivalik and INS Kadmatt, along with the US Navy (USN), Japanese Maritime Self Defence Force (JMSDF) and the Royal Australian Navy (RAN), is participating in the sea phase of the 25^th edition of Exercise Malabar 2021 from 26–29 August 2021 in the Western Pacific.

India conducts ‘Maritime Partnership Exercise’ with the Philippines in the West Philippine sea

• The navies of India and the Philippines carried out a ‘Maritime Partnership Exercise’ in the West Philippine Sea to strengthen maritime security collaboration with partner nations.
• INS Ranvijay (Guided Missile Destroyer, D55) and INS Kora (Guided Missile Corvette, P61) carried out the maritime exercise with BRP Antonio Luna (Frigate, FF 151) of the Philippine Navy.

Sports News

Tek Chand was India’s new flagbearer at the Tokyo Paralympics 2020  

• Indian high-jumper Mariyappan Thangavelu was replaced by Indian shot-putter Tek Chand as India’s flagbearer for the Paralympics 2020 opening ceremony in Tokyo after coming in close contact with a COVID positive person during his flight to Tokyo.

Obituary

Noted elocutionist of West Bengal Gouri Ghosh passed away at 83

• Noted elocutionist of West Bengal Gouri Ghosh passed away at the age of 83 in Kolkata after a prolonged illness. Gouri Ghosh was awarded Kazi Sabyasachi Samman by West Bengal in 2018.

Former England cricket captain Ted Dexter passed away at 86                  

• Former England cricket captain Ted Dexter passed away at Wolverhampton at the age of 86.

• He was known as ‘Lord Ted’ and he had made 62 Test appearances for England in total, scoring 4,502 runs as a powerful middle-order batsman and taking 66 wickets.

Daily CA- August 26 One liner:

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