Friday 6 August 2021
GK Update of 4th August 2021 overlaying the next information headlines: International Monetary Fund, Tokyo Olympics 2020, My Own Mazagon, European Space Agency, QS Best Student Cities Ranking, Rafale plane.
International News
1. IMF approves historic $650 bln allocation of Special Drawing Rights
- The Board of Governors of the International Monetary Fund (IMF) have accepted a file normal allocation of $650 billion in IMF Special Drawing Rights (SDR), to assist increase world liquidity.
- The $650 billion SDR allocation goals to help member international locations, particularly rising and growing nations, battling the coronavirus pandemic and the financial downturn it has brought about.
- This allocation is the largest-ever distribution within the IMF’s 77-year historical past, by way of financial reserves belongings. The allocation will change into efficient from August 23, 2021. The newly created SDRs might be credited to member international locations in proportion to their present quotas shareholding within the Fund.
Important takeaways for all aggressive exams:
- IMF Headquarters: Washington, D.C. U.S;
- IMF Managing Director and Chairman: Kristalina Georgieva;
- IMF Chief Economist: Gita Gopinath.
2. Shehroze Kashif turns into world’s youngest mountaineer to scale K2
- A 19-year outdated Pakistani climber Shehroze Kashif turned the youngest particular person on this planet to succeed in the summit of K2, the second-highest peak on this planet.
- Shehroze Kashif from Lahore achieved the feat of scaling the 8,611-metre excessive peak with the help of bottled oxygen.
- Before Kashif, Sajid Sadpara, the son of the legendary climber Muhammad Ali Sadpara, was the youngest particular person to have climbed K2 on the age of 20.
- Kashif additionally scaled the world’s Twelfth-highest mountain, the 8,047-meter Broad Peak, on the age of 17. In May this 12 months, he turned the youngest Pakistani to scale Mount Everest.
- Pakistan, Nepal, and China are house to the 14 highest peaks on this planet, often known as the 8,000ers. Five 8,000-metre peaks, together with K2 and Nanga Parbat, are in Pakistan.
Important takeaways for all aggressive exams:
- Pakistan Capital: Islamabad;
- Pakistan President: Arif Alvi;
- Pakistan Prime minister: Imran Khan;
- Pakistan Currency: Pakistani rupee.
Appointments News
3. Mini Ipe appointed as LIC MD forward of proposed IPO
- Mini Ipe took cost as managing director of Life Insurance Corporation of India. Ipe is a post-graduate in commerce and joined LIC in 1986 as a direct recruit officer. She has a various expertise in LIC having labored in numerous capacities.
- LIC is India’s 2nd-largest monetary companies establishment with a Rs 31 lakh crore steadiness sheet, subsequent to the nation’s largest financial institution, State Bank of India (SBI), with belongings of Rs 39.51 lakh crore.
Important takeaways for all aggressive exams:
- LIC Headquarters: Mumbai;
- LIC Founded: 1 September 1956;
- LIC Chairman: M R Kumar.
Banking News
4. RBI Authorises IndusInd Bank to behave as an ‘Agency Bank’
- The IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) to behave as an ‘Agency Bank’. As an Agency Bank, IndusInd turns into eligible to hold out transactions associated to all types of government-led companies.
- This choice is predicated on the RBI guideline that authorises scheduled personal sector banks as company banks of the regulator for the conduct of presidency enterprise.
- IndusInd Bank now joins few different personal banks of the nation listed as Agency Bank of RBI, to hold out normal banking enterprise on behalf of the central and state authorities, other than providing its clients the comfort of endeavor routine monetary transactions via its banking platform.
Important takeaways for all aggressive exams:
- The IndusInd Bank CEO: Sumant Kathpalia;
- The IndusInd Bank Headquarters: Pune;
- The IndusInd Bank Owner: Hinduja Group;
- The IndusInd Bank Founder: S. P. Hinduja;
- The IndusInd Bank Founded: April 1994, Mumbai.
Economy News
5. GoI cuts Mudra loans goal to Rs 3 trillion in FY22
- The authorities has set the loans disbursement goal beneath the PM Mudra Yojana (PMMY) at Rs 3 trillion for 2021-22 (FY22). This goal is decrease than the earlier 12 months. For FY21, the goal was set at Rs 3.21 trillion. Experts attribute the decrease goal to elevated allocation beneath the credit score assure scheme for small companies.
- Under PMMY, credit score as much as Rs 10 lakh is supplied by banks and non-banking monetary firms for entrepreneurial actions to small enterprise models, together with for brand spanking new enterprises in sectors equivalent to manufacturing, buying and selling, companies and actions allied to agriculture.
- The central authorities allocates annual targets for sanctioning of loans beneath the scheme. In FY22, loans value Rs 3,804 crore have been sanctioned by 13 public sector banks (PSBs) as of June 25.
Defence News
6. Ordnance Factory launches new weapon ‘Trichy Carbine’
- The Ordnance Factory Tiruchirappalli (OFT) in Tamil Nadu launched a brand new high-tech and low sound weapon known as TriCa (Trichy Carbine), a mini model of the Trichy Assault Rifle (TAR). It was unveiled by General Manager of OFT Sanjay Dwivedi, IOFS (Indian Ordnance Factories Service) throughout a perform.
- The lighter and compact weapon, carbine TriCa is designed for the infantry fight car, helicopter crew and safety personnel for operations that decision for a compact and comparatively highly effective particular person computerized weapon.
- The weapon can also be for paratroopers, police and safety personnel guarding extremely safe services equivalent to airports, and to be used by the Special Operation Forces.
7. IAF inducts 2nd squadron of Rafale plane at West Bengal’s Hasimara
- The Indian Air Force (IAF) has formally inducted the second squadron of Rafale jets at West Bengal’s Hasimara airbase in Eastern Air Command (EAC). The occasion included a fly-past heralding the arrival of Rafale to Hasimara, adopted by a conventional water cannon salute.
- Recalling the wonderful historical past of 101 Squadron, which bestowed upon them the title of ‘Falcons of Chamb and Akhnoor’, Bhadauria urged the personnel to mix their zeal and dedication with the unequalled potential of the newly inducted platform.
- The multi-role Rafale jets, constructed by French aerospace main Dassault Aviation, are recognized for air superiority and precision strikes.
- European missile maker MBDA’s Meteor past visible vary air-to-air missile and Scalp cruise missile would be the mainstay of the weapons package deal of the Rafale jets.
Ranks and Reports News
8. 7 Indian Companies Feature in Fortune Global 500 record for 2021
- Seven Indian firms have discovered a spot in 2021 Fortune’s Global 500 record. The Fortune Global 500 is an annual rating of the highest 500 enterprises globally, as measured by enterprise revenues.
- Mukesh Ambani-led Reliance Industries Ltd is the highest-ranked Indian firm on the record by way of income, with revenues of practically $63 billion. It is positioned at one hundred and fifty fifth spot globally.
- Globally, Walmart has topped the record by way of income for the eighth consecutive 12 months and the sixteenth time since 1995.
- China has dominated this years record for the very best variety of firms that includes within the record at 143, together with these from Taiwan. This is adopted by the U.S. with 122, and Japan with a complete of 53, respectively.
Indian Companies within the record:
- Reliance Industries (155)
- State Bank of India (205)
- Indian Oil (212)
- Oil & Natural Gas (243)
- Rajesh Exports (348)
- Tata Motors (357)
- Bharat Petroleum (394)
9. Mumbai, Bengaluru lose top-100 spots in QS Best Student Cities Ranking
- Mumbai and Bengaluru are out of the world top-100 record and are at present rating at 106 and 110, respectively within the newest version of the QS Best Student Cities Ranking.
- While Mumbai misplaced 29 locations, Bengaluru fell by 21 locations within the ninth version of the rankings introduced out by world increased schooling analysts QS Quacquarelli Symonds.
- Globally, the outcomes, which allow college students to match 115 premier instructional locations, see London retain its standing because the world’s finest scholar metropolis for the third consecutive version. It is adopted by Munich, which rises from 4th to 2nd.
- Seoul, which jumps from tenth to joint-Third, shares the bronze-medal place with Olympic hosts Tokyo.
Awards News
10. DBS clinches world accolade for innovation in digital banking
- DBS has been honoured as the worldwide winner for Most Innovative in Digital Banking by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards.
- The financial institution was additionally recognised because the Asia-Pacific winner and gained within the Cyber Security class for its Secure Access and Remote Working Solution.
- The Banker’s Innovation in Digital Banking Awards recognises essentially the most progressive banks internationally for his or her digital banking initiatives, technique, and general dedication to digital transformation.
- These awards, now of their second 12 months, are the evolution of The Banker’s Technology Projects of the Year Awards. DBS is known as Asia’s Best Bank & Asia’s Best Digital Bank within the Euromoney Regional Awards.
Important takeaways for all aggressive exams:
- DBS Bank Headquarters: Singapore;
- DBS Bank CEO: Piyush Gupta.
Science and Technology News
11. ESA launched ‘Eutelsat Quantum’ revolutionary reprogrammable Satellite
- European Space Agency (ESA) launched ‘Eutelsat Quantum’, the world’s 1st business reprogrammable satellite tv for pc into area aboard Ariane 5 rocket from French Guiana. It is a totally versatile software-defined satellite tv for pc.
- The satellite tv for pc has been developed beneath a European Space Agency partnership venture with satellite tv for pc operator Eutelsat, Airbus & Surrey Satellite Technology.
- Eutelsat Quantum is a UK flagship venture with many of the satellites developed and manufactured by British trade.
- Airbus is the prime contractor and was answerable for constructing the satellite tv for pc’s progressive payload, whereas Surrey Satellite Technology Ltd manufactured the brand new platform. The progressive part array antenna was developed by Airbus in Spain.
Important takeaways for all aggressive exams:
- European Space Agency is an intergovernmental group of twenty-two member states;
- European Space Agency was established in 1975 and headquartered in Paris.
Sports News
12. Tokyo Olympics 2020: Boxer Lovlina Borgohain Claims Bronze Medal
- Indian Boxer, Lovlina Borgohain has failed to succeed in the gold medal closing match. She settles for a bronze medal. This is India’s third medal of the continuing Tokyo Olympics. She misplaced to Busenaz Surmeneli of Turkey by unanimous choice within the ladies’s welterweight (69 kg) semifinal at Tokyo 2020.
- Lovlina had already assured India of their first boxing medal on the ongoing Olympic Games when she upstaged former world champion, Nien-Chin Chen of Taiwan, to enter the semis.
13. Anurag Thakur Launches Paralympic Theme Song “Kar De Kamaal Tu”
- Union Minister for Youth Affairs and Sports, Anurag Singh Thakur launched the theme track for the Indian Paralympic contingent in New Delhi. The track is titled “Kar De Kamaal Tu”.
- The composer and singer of the track is Sanjeev Singh, a Divyang cricket participant from Lucknow. 54 para-sportspersons throughout 9 sports activities disciplines are taking part in Paralympic Games in Tokyo, starting August 24, 2021.
Books and Authors News
14. A e book on Leopard titled ‘Leopard Diaries – the Rosette in India’ by Sanjay Gubbi
- Wildlife Biologist, Sanjay Gubbi authored a e book about Leopard titled ‘Leopard Diaries – the Rosette in India’, by which he says in regards to the meals habits, ecological context, and conservation of Leopard together with the recommendations to beat leopard–human battle.
- The e book additionally particulars Sanjay Gubbi’s sensible engagement as a battle supervisor, adviser to the State authorities, and leopard PR (Public Relations) particular person. The e book was printed by Westland.
- Leopard is likely one of the 5 extant species within the genus Panthera, a member of the cat household, Felidae. As per the federal government’s report, Madhya Pradesh has the very best variety of leopards, about 26 per cent of the entire quantity estimated within the nation.
15. A brand new e book titled “My Own Mazagon” by Captain Ramesh Babu
- A brand new e book titled “My Own Mazagon” has authored by Captain Ramesh Babu. The e book printed by Indus Source Books options the historical past and story of Mazagon, the island which was merged right into a single entity as Bombay.
- The Book might be collectively launched by Vice Admiral R. Hari Kumar, Flag Officer Commanding in Chief, Western Naval Command, Vice Admiral Narayan Prasad, (Retd.), CMD Mazagon Dock Shipbuilders Limited.
- The Book rediscovers the forgotten historical past of Mazagon and resurrects the id of Maza Gaon, or ‘My own Village’. Captain Ramesh Babu retired from Mumbai after serving the Indian Navy at Mazagon Dock. Other books authored by Capt. Babu: “After You Sir: A Collection of School Stories” and “Calicut Heritage Trails”.
Miscellaneous News
16. World’s largest star sapphire cluster present in a Sri Lankan yard
- World’s largest star sapphire cluster has been present in Ratnapura, Srilanka. The stone is pale blue in color. It was discovered by labourers whereas digging a nicely in a gem dealer’s house.
- Ratnapura is called the gem capital of the nation. The sapphire cluster weighs round 510kgs or 2.5 million carats. It has an estimated worth of as much as $100 million within the worldwide market.
Important takeaways for all aggressive exams:
- Sri Lanka Capitals: Sri Jayawardenepura Kotte; Currency: Sri Lankan rupee.
- Sri Lanka Prime Minister: Mahinda Rajapaksa; Sri Lanka President: Gotabaya Rajapaksa.
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