daily current affairs- 4 & 5 september 2021

Daily Current Affairs- 4th & 5th September 2021

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Headlins/One-liners

1. Data Released by National Statistical Office

2. CII Energy Leader Award-2021

3. CCI Approves the Acquisition of TVS Supply Chain Solutions Pvt Ltd by T.S. Rajam

Rubbers & Dhinrama Mobility Solution

4. Meghalaya Govt Signed an MoU to Ease Financial Services

5. Special Commemorative Coin on 125th Birth Anniversary of Srila A. C. Bhaktivedanta

Swami Prabhupada

6. Solung Festival of Arunachal Pradesh

7. ‘Saath’ Initiative for the Women SHGs in JK

8. Assam Renamed Rajiv Gandhi Orang National Park as Orang National Park

9. Indian Navy Signed Contract with BEL

10. BharatPe Partners with Axis Bank

11. EarlySalary Partnered with HDBFS

12. Agriculture Experts Meeting of BIMSTEC countries

13. Ramon Magsaysay Award 2021

14. PayNearby launched ‘NeoDukaan’

15. EXIM Bank provides loan to Africa Finance Corp

16. RBI Plans to Set up 5 Member Committee on NUE Licences

17. Zerodha to launch its AMC

18. FDI Equity Inflows up 168%

19. ‘KAZIND-21’ – Joint Military Exercise between India & Kazakhstan

20. Book “The Murderer, The Monarch And The Fakir”

21. Book ‘’Know Your Rights and Claim Them”







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National News

Data Released by National Statistical Office

• As per the data of the National Statistical

Office, Ministry of Statistics and Programme

Implementation, India’s Gross Domestic Product in

Q1 FY22 grew by 20.1 percent as compared to a

contraction of 24.4 (-24.4) percent in Q1 FY21.

• GDP at Constant Prices (2011-12): It is

estimated at Rs 32.38 lakh crore in Q1 FY22, as

against Rs 26.95 lakh crore in Q1 FY21 (a growth of

20.1 percent).

• GDP at Current Prices: It is estimated to be Rs 51.23 lakh crore in Q1 FY22, as against Rs 38.89 lakh crore

in Q1 FY21 (a growth of 31.7 percent as compared to a contraction of 22.3 percent in Q1 FY21).

• Gross Value Added (GVA) at Constant Prices: It is estimated at Rs 30.48 lakh crore, as against Rs 25.66

lakh crore in Q1 of FY21 (a growth of 18.8 percent).

• GVA at Current Prices: It is estimated at Rs 46.20 lakh crore as against Rs 36.53 lakh crore in Q1 FY21

(growth of 26.5 percent).

• Pre Pandemic Level Comparison: The GDP growth in Q1 FY22 was 9.2 percent lower than in the Q1 FY20

(i.e. Prior to COVID-19 level) and the overall GVA in Q1 FY22 was 7.8 percent lower than the Q1 FY20.

• As per data released by the Controller General of Accounts (CGA), India’s fiscal deficit during April – July

2021 stood at Rs 3.21 lakh crore or 21.3 percent of the budget estimate at the end of July 2021.

• The fiscal deficit for FY22 was estimated by the centre at Rs 15.07 lakh crore.

Indicators April-July 2021

Total Receipts Rs 6.83 lakh crore/ 34.6%

of BE

Expenditure Rs 10.04 lakh crore/28.8%

of BE

Amount Transferred to State Govt as devolution of

share of taxes

Rs 1.65 lakh crore







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CII Energy Leader Award-2021

• The National Thermal Power Corporation,

Ramagundam won the Confederation of

Indian Industry Energy Leader Award-2021

at the 22nd National Award Ceremony for

Excellence in Energy Management 2021

• Nabha Power, a wholly owned subsidiary

of Larsen & Toubro has won 2 awards

• Nabha Power was adjudged as the National

Energy Leader 2021 for its performance for

the 3rd consecutive year in energy management and Excellent Energy Efficiency Unit Award for

outstanding achievements in Energy Efficiency.

CCI Approves the Acquisition of TVS Supply Chain Solutions Pvt Ltd by T.S. Rajam Rubbers & Dhinrama

Mobility Solution

• The Competition Commission of India

approved the acquisition of certain shareholding in

TVS Supply Chain Solutions Private Limited by T.S.

Rajam Rubbers Private Limited and Dhinrama

Mobility Solution Private Limited

• T.S. Rajam Rubbers Private Limited and

Dhinrama Mobility Solution Private Limited are the

wholly owned subsidiaries of TVS Mobility Private

Limited







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Meghalaya Govt Signed an MoU to Ease Financial Services

• The Finance Department of Meghalaya and

Meghalaya Rural Bank signed a

Memorandum of Understanding to provide

support to 600 Business Correspondents

• The support will be provided by the

Business Correspondent Agents of

Meghalaya State Rural Livelihoods Society,

Integrated Village Cooperative Societies,

Common Service Centre.

Special Commemorative Coin on 125th Birth Anniversary of Srila A. C. Bhaktivedanta Swami

Prabhupada

• Prime Minister Narendra Modi virtually

released a special issue of a Rs 125

commemorative coin on the occasion of the 125th

birth anniversary of Srila A. C. Bhaktivedanta

Swami Prabhupada, the Founder Acarya of the

International Society for Krishna

Consciousness(ISKCON) popularly known as the

Hare Krishna Movement.

• He was born on 1st September 1896 in

Calcutta, British India.

• Bhaktivedanta Swami Prabhupada was a leader in the Gaudiya Vaishnava community, a monotheistic

tradition within the broader Hindu culture.

• He established the International Society for Krishna Consciousness (ISKCON) in 1966.

Specifications of the coin:

• Composition: 50% silver and 40% copper.

• Weight: 35 Grams

• Diameter: 44 mm

• Obverse: Lion Capital of Ashoka

• Reverse: Image of Srila A.C. Bhaktivedanta Swami Prabhupada

• Cost of the coin: Rs 4600 plus shipping charges.







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Solung Festival of Arunachal Pradesh

• Festival of the Adi Tribe of Arunachal

Pradesh namely ‘Solung’ has began.

• It is a harvest festival performed after

sowing of seeds and transplantation, to

seek for good crops.

• First day is called Solung-Gidi Dogin or the

day of preparations.

• Second and the main day of the celebration

is called Doreph-Long

• Third day is Binnayat Binam or worshipping the goddess of plenty and prosperity.

• Fourth day is Yaktor of Ekoph when the villagers prepare bows and arrows and other weapons of war.

• On the fifth day, the Miri (religious leader or priest) is given a ceremonial send-off when womenfolk sing

Ponung songs and dances.

‘Saath’ Initiative for the Women SHGs in JK

• Jammu and Kashmir Lieutenant Governor

Manoj Sinha has launched a Rural Enterprises

Acceleration Programme named ” Saath ” for the

Self Help Groups Women.

• Workshop will be organised for 5000 women

in the beginning, out of them 500 would be

provided intensive training then 100 will be

selected for mentoring and guidance.

• In Jammu and Kashmir, 48,000 SHGs

comprising 4 lakh women are working already.

• Goal is to create 11000 more SHGs in the coming year.







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Assam Renamed Rajiv Gandhi Orang National Park as Orang National Park

• Assam has decided to rename the Rajiv

Gandhi Orang National Park as the “Orang

National Park” to honour the Adivasi and

tea tribe communities of Assam.

• The Orang National Park is often referred

to as the mini Kaziranga of Assam.

• Assam has 7 national parks – Dihing Patkai;

Raimona; Kaziranga; Manas; Dibru-

Saikhowa; Nameri and Orang National Park.

• The National park was named Rajiv Gandhi Orang National Park in 2001

• An area of 79.28 sq km located on the north bank of the Brahmaputra in the Darrang and Sonitpur

districts of Assam was originally declared as a Wildlife sanctuary in 1985 and was declared as a national

park in 1999.

MoU & Partnership

Indian Navy Signed Contract with BEL

• The Indian Navy has signed a contract with

Bharat Electronics Limited for the manufacture

and supply of India’s 1st indigenously developed

Naval Anti Drone System with both ‘hard kill’ and

‘soft kill capabilities.

• The NADS has been developed by the

Defence Research and Development Organisation

and manufactured by BEL.

• Hard kill refers to jamming the hostile drone,

whereas the soft kill involves a laser-based kill system.

• NADS will be the 1st indigenously developed anti-drone system to be inducted into the Indian Armed

Forces.

Bharat Electronics Limited:

• CMD & Director – Anandi Ramalingam

• Headquarters – Bangalore







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BharatPe Partners with Axis Bank

• BharatPe and Axis Bank entered into a strategic partnership.

• Axis Bank will act as the acquiring bank for BharatPe’s point of sale business ‘BharatSwipe’ and provide acceptance of debit and credit cards for merchants associated with BharatPe.

• BharatSwipe was launched by BharatPe in 2020 as India’s 1st zero rental and zero Merchant Discount Rate POS machine.

• In 2019, the Ministry of Finance waived the MDR charges and set ‘0’ transactions charges on transactions through RuPay and Unified Payments Interface platforms.

Axis Bank:

• MD & CEO – Amitabh Chaudhry

• Headquarters – Mumbai, Maharashtra

BharatPe:

• CEO, Co-Founder – Ashneer Grover

• Headquarters – New Delhi

EarlySalary Partnered with HDBFS

• EarlySalary has partnered with HDB Financial Services Ltd to improve Digital Lending.

• To improve the impact of Skill upgradation, Education Loans, and Health-care finance.

HDB Financial Services Ltd:

• MD & CEO – G Ramesh

• Headquarters – Mumbai, Maharashtra

EarlySalary:

• Co-founder & CEO – Akshay Mehrotra

• Headquarters – Pune, Maharashtra







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International News

Agriculture Experts Meeting of BIMSTEC countries

• India virtually hosted the 8th Meeting of

Agriculture Experts of Bay of Bengal

Initiative for Multi-Sectoral Technical and

Economic Cooperation Countries 2021

Krishi Bhawan, New Delhi.

• The meeting was chaired by Dr Trilochan

Mohapatra, Director General of Indian

Council of Agricultural Research and

Secretary (Department of Agricultural

Research-DARE).

• It was co-chaired by Thanda Kyi, Deputy Director General, Department of Planning, Ministry of

Agriculture, Livestock and Irrigation, Myanmar.

Ramon Magsaysay Award 2021

• Bangladeshi scientist Firdausi Qadri, who

developed a cheap oral vaccine against cholera

won the Ramon Magsaysay award 2021 which is

also called Asia’s Nobel Prize. She was awarded

the L’oreal-UNESCO Award 2020 for outstanding

work in science to prevent infectious diseases

among children.

• Muhammad Amjad Saqib (Pakistan) – for

helping people through social entrepreneurship,

who has developed the first interest free

Microfinance Program- Akhuwat

• Steven Muncy (Southeast Asia) – for extending humanitarian and peace-building efforts across borders.

• Roberto Ballon from philippines.

• Watchdoc Indonesia (Indonesia) – for emergent leadership and for using journalism and filmmaking to

give voice to the people.







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Banking & Finance

PayNearby launched ‘NeoDukaan’

• PayNearby has partnered with Retailers

Association’s Skill Council of India to

launch ‘PayNearbyNeoDukaan’

• It will provide multiple digital payment

options like digital ledger for credit

management, online wholesale

procurement options.

PayNearby Technologies Pvt. Ltd (PayNearby):

• Founder & Chief Executive Officer– Anand Kumar Bajaj

• Headquarters– Mumbai

Retailers Association’s Skill Council of India (RASCI):

• Chairman– Avijit Mitra

• Headquarter– Mumbai

EXIM Bank provides loan to Africa Finance Corp

• Export-Import Bank of India has extended a

line of credit of USD 100 million on behalf of the

Indian government to the Africa Finance

Corporation for 10 years.







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RBI Plans to Set up 5 Member Committee on NUE Licences

• The Reserve Bank of India plans to set up a

5-member committee headed by P

Vasudevan to examine applications and

give recommendations on New Umbrella

Entity licences.

• RBI allowed other organisations to set up

umbrella entities for payments systems to

create an alternate mechanism to the

National Payments Corporation of India

• RBI has fixed March 31, 2021, as the deadline for making applications to form NUEs. But now for data

safety concerns, RBI has put NUE license issuance under hold.

• NUEs will be a non-profit entity that will perform as like NPCI and operate new payment systems,

especially in the retail space such as ATMs, white-label point of sale terminals (PoS), Aadhaar-based

payments and remittance services, operation of clearing and settlement systems for participating banks

and non-banks, etc.

• So far, around 6 consortiums, including those led by Amazon, Google, Facebook, and the Tata group,

applied for the NUEs licences, in partnership with companies such as Reliance Industries Ltd, ICICI Bank

Ltd, and Axis Bank.

• State Bank of India and Union Bank were barred by the finance ministry from seeking NUE licences as

they were shareholders in NPCI.







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Zerodha to launch its AMC

• The Securities and Exchange Board of India

has given its in-principle approval to Zerodha to

launch its Asset Management Company

• With this approval, the company can launch

its own mutual funds (MFs).

• At present, there are 45 mutual fund houses.

• The MFs industry’s assets under management

are at an all-time high of over Rs 35 lakh crore in

July-end 2021.

Zerodha:

• Founder and CEO- Nithin Kamath

• Headquarter– Bengaluru

FDI Equity Inflows up 168%

• India’s Foreign direct investment equity

inflow grew by 168 percent in Q1 FY22

(USD 17.57 billion) compared to Q1 FY21

(USD 6.56 billion).

• The automobile industry has become the

top sector with 27 percent share of the

total FDI equity inflows.







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Defence

‘KAZIND-21’ – Joint Military Exercise between India & Kazakhstan

• Indian Army took part in “KAZIND-21” – a

joint military exercise between India and

Kazakhstan at Aisha Bibi village of Kazakhstan.

• ‘Prabal Dostyk’ is another Joint Military

Exercise conducted between Indian Army &

Kazakhstan Army.

Kazakhstan:

• President – Kassym-Jomart Tokayev

• Capital – Nur-Sultan

• Currency – Tenge

Books & Authors

Book “The Murderer, The Monarch And The Fakir”

• Appu Esthose Suresh and Priyanka

Kotamraju has co- authored a new book

titled “The Murderer, The Monarch And

The Fakir: A New Investigation of Mahatma

Gandhi’s Assassination”.







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Book ‘’Know Your Rights and Claim Them”

• The book ‘‘Know Your Rights and Claim

Them: Guide for Youth” is written by the

Hollywood actress Angelina Jolie in collaboration

with Human Right lawyer Geraldine Van Buren

and Amnesty International.

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daily current affairs- 4 & 5 september 2021

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