Current Affairs - August 12, 2021 Current Affairs

The Indian Navy has inked a Memorandum of Understanding (MoU) with the Infrastructure Development Finance Company (IDFC) FIRST Bank to initiate 'Honour FIRST', a premium banking solution for serving personnel and veterans of the Indian Navy.

In August 2021, HCL Technologies Ltd became the 4th most valuable(Market Capitalization-M Cap) India-centric information technology (IT) services company by overtaking Cognizant Technology Solutions Corporation. Tata Consultancy Services (TCS) Ltd, the largest IT services company leads the list followed by Infosys Ltd and Wipro Ltd.

Nagaland has been conferred with seven national awards on the first Van Dhan Annual Awards 2020-21, during the celebration of the 34th foundation day of the Tribal Cooperative Marketing Development Federation of India Limited (TRIFED).

Bollywood actor Ayushmann Khurrana was recently appointed as Unicef's Celebrity Advocate for their global campaign EVAC (Ending Violence Against Children), and he wants to build awareness on a national level about online safety for children in India.

Popular Malayalam film and television actor, Saranya Sasi passed away due to Covid-19 complications.

RBL Bank (formerly known as Ratnakar Bank Ltd) has selected Amazon Web Services (AWS), the Cloud Computing arm of Amazon as its Preferred Cloud Provider to strengthen its Artificial Intelligence (AI)-based Banking Solutions and bring digital transformation to the bank.

The Reserve Bank of India (RBI) has started a public awareness campaign to warn people against digital banking frauds. For the new campaign, RBI has roped in Olympic Gold medalist Neeraj Chopra.

India has the highest data consumption per person per month and 2nd largest broadband subscription country in the world after the USA.

The Reserve Bank of India has raised the limit for collateral-free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana - National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.

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 online and offline.

Iran's new President Ebrahim Raisi named the chairman of a powerful state-owned foundation sanctioned by the United States as his first vice-president.

Chhattisgarh, carved out of Madhya Pradesh on November 1, 2000, became the first State to recognize the Community Forest Resource Rights in urban areas.

India is ranked 122nd on a new Global Youth Development Index 2020 measuring the condition of young people across 181 countries, released by the Commonwealth Secretariat in London.

The Reserve Bank of India (RBI) has announced the launch of the 'Scheme of Penalty for non-replenishment of ATMs', as per which it will impose monetary penalties on ATMs/WLAs that run out of cash. The Scheme shall be effective from October 01, 2021.

Small Industries Development Bank of India (SIDBI) has unveiled 'Digital Prayaas' an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups.

The Asian Development Bank (ADB) has joined hands with price housing financier IIFL (India Infoline) Home Finance Ltd, a subsidiary of IIFL home finance to reduce carbon emissions and preserve water and vitality in India. IIFL is the technical assistance of the program.

The number of billionaires (those with income above Rs. 100 crores) in India came down to 136 in 2020-21 from 141 in 2019-20.

Maiden AL-Mohed AL-Hindi exercise is set to begin between the Indian Navy and Saudi Arabia Navy.

NSE IFSC Ltd has appointed BSO as its first official international approved connectivity partner. The partnership will provide Asian, European and American trading firms with added infrastructure solutions helping future traders gain faster, more secure access to the Indian market via BSO's global network.

The Supreme Court of India has fined 8 parties including BJP and Congress for non-compliance with its order on making public criminal records of candidates.