Important Daily Current Affairs of 19th August 2021
In this article, we will discuss all the important current affairs of 19th August 2021 in detail.
National
1. With a budget of over Rs 11,000 crore, the Cabinet approved the implementation of the National Mission on Edible Oils-Oil Palm.
- The Union Cabinet has approved the start of a new oil palm mission called the National Mission on Edible Oils – Oil Palm (NMEO-OP). It would be a new Centrally Sponsored Scheme with a special focus on the Andaman & Nicobar Islands and the North East region.
- Mr Tomar stated that the scheme has a financial outlay of 11,040 crore rupees, with the government of India contributing 8,844 crore rupees and the state contributing 2,196 crore rupees.
2. The Uttar Pradesh government plans to construct an ATS training centre in Deoband.
- The Uttar Pradesh government has planned to establish an Anti-Terrorist Squad (ATS) commando training centre in Deoband, Saharanpur, which is famous for its Islamic seminary Darul Uloom Deoband.
- According to officers, 2,000 square metres of property have been purchased for the Deoband unit, which is one of several planned in addition to the existing ATS centre in Lucknow.
3. On Pavement Engineering and Intelligent Transportation Systems, IIT Madras will engage with the Ministry of Road Transport.
- On pavement engineering and intelligent transportation systems, IIT Madras will work with the Road Transport Ministry.
- Pavement materials, hydrogen cell transportation, automatic vehicle categorization, innovative toll systems, Fast TAG data analytics, and traffic simulations are among the research fields, along with transportation safety.
International News
4. In the South China Sea, India’s and Vietnam’s navies conduct a bilateral maritime exercise.
- The Indian and Vietnamese fleets conducted a bilateral maritime exercise in the South China Sea, according to the Indian navy.
- As a result, the Indian Naval Ships (INS) Ranvijay and Kora participated in a bilateral maritime exercise with the Vietnamese People’s Navy frigate VPNS Ly Thai To (HQ-012).
5. In Bahrain, the INS Kochi will take part in a four-day Maritime Partnership Exercise.
- INS Kochi is currently stationed in Bahrain as part of its Persian Gulf deployment. The ship will take part in the Maritime Partnership Exercise, which will last four days.
- A coordination and operational planning session between the Indian and Bahrain Navy teams was also held in the last few days
Banking & Finance News
6. For a DIY Digital Repayment platform, Kotak Mahindra Bank has partnered with Creditas Solutions.
- In collaboration with Creditas Solutions, Kotak Mahindra Bank has launched a safe, self-service digital repayment platform for missed loan payments.
- The Neo Collections platform will use artificial intelligence (AI) and machine learning (ML) to provide a personalised and non-intrusive experience, allowing consumers to manage their dues on their own through a simple payback platform.
7. India’s first swaption deals are signed by ICICI, HSBC, and Standard Chartered.
- ICICI Bank, HSBC, and Standard Chartered Bank have cut the first swaption transactions two years after the RBI approved them, providing borrowers with new risk management tools in rapidly changing interest rate conditions.
- In a rising rate scenario, the ‘swaption’ interest-rate derivative product lets both local borrowers and investors control funding costs while retaining investment returns in a falling rate scenario. The Reserve Bank of India set guidelines for ‘swaption’ deals in June of this year.
8. IndoSpace Logistics Fund receives around Rs 550 crore in debt backing from the World Bank’s IFC.
- IFC, a member of the World Bank Group, has provided $75 million in financing support to IndoSpace, a developer of industrial real estate and logistics parks, to create logistics and industrial parks with the goal of improving India’s warehousing and supply chain infrastructure.
- The loan is being extended by the development financial institution to IndoSpace Logistics Parks III LP, a $580 million vintage fund, with the first tranche already disbursed to IndoSpace.
Business & Economy News
9. The USOF has signed a deal with BSNL to provide high-speed internet connection to the states in the North East.
- Universal Service Obligation Fund USOF has signed an agreement with Bharat Sanchar Nigam Limited BSNL for the hire of 10 Gbps international bandwidth for Internet Connectivity to Agartala from Bangladesh Submarine Cable Company Limited BSCCL Bangladesh through Cox Bazar and Kuakata in order to provide high-quality and high-speed internet access to the states of the country’s North Eastern region.
10. For the first time, TCS’ market capitalization exceeds Rs 13 lakh crore.
- Tata Consultancy Services has crossed the Rs 13-lakh-crore milestone in market valuation, becoming only the second company in India to do so after Reliance Industries, seventeen years after selling its stock for the first time in a comparatively late public debut.
- After a relatively tepid run, India’s software bellwether has climbed again, confirming emerging bullish views that the company is poised to expand its dominance in an environment where global clients are increasingly embarking on multi-year transformational projects with ramifications across revenue streams.
Appointments News
11. Priyanka Chopra Jonas has been named chairman of the Jio MAMI Mumbai Film Festival.
- Actor-producer Priyanka Chopra Jonas has been named the new chairperson of the Jio MAMI Film Festival, nearly four months after Deepika Padukone resigned.
- The Mumbai Academy of Moving Image (MAMI) has announced its intentions for the coming year, edition, and leadership change.
Sports News
12. The World Athletics U20 Championships will be held in Nairobi in 2021.
- The World Athletics U20 Championships are set to take place in Nairobi, Kenya in 2021.
- The competition will be held at the Nyayo Sports Complex till August 22nd.
13. Odisha will have India’s largest hockey stadium completed by July 2022.
- The Odisha government has stated that the country’s largest hockey stadium, which is currently being built in Rourkela in the state’s Sundargarh district, will be ready by July of next year.
- The Men’s Hockey World Cup 2023 will be held in the 20,000-capacity Birsa Munda International Hockey Stadium in Rourkela and the Kalinga Stadium in Bhubaneswar.
Awards & Honours News
14. The Congressional Gold Medal will be presented to Mahatma Gandhi.
- In the US House of Representatives, a powerful New York legislator reintroduced a resolution to posthumously award Mahatma Gandhi the renowned Congressional Gold Medal in honour of his promotion of peace and nonviolence.
- The Congressional Gold Medal is the country’s highest civilian honour.
Books & Authors News
15. Abhishek Sharan and D.P. Sinha’s book “Operation Trojan Horse: A Novel Inspired by True Events”
- Abhishek Sharan and D.P. Sinha coauthored the book “Operation Trojan Horse: A Novel Inspired by True Events,” which was recently published.
- Operation Trojan Horse is a thriller based on historical events, including as the Mumbai terror attack on November 26, 2001, and several other LeT operations, as well as the true stories of brave individuals who risked their lives in enemy territory for their motherland.
Obituary News
16. Ananda Kannan, a well-known VJ and actor, has died.
- Anandha Kannan, a popular television host, VJ, and actor, died. He had been battling cancer for a long time and passed away at the age of 48.
- In the 2000s, Anandha Kannan, a Singapore native, was well-known among a younger audience for his Sun Music presentations.
Important Days
17. Today is World Photography Day.
- Every year on August 19, World Photography Day is commemorated to honour the art of photography.
- The day honours photography’s art, craft, science, and history. Photography has undoubtedly become a vital aspect of life for numerous individuals around the world since the early nineteenth century, serving as an ever-increasing medium of personal expression and enjoyment.
18. Today is World Humanitarian Day.
- Every year on August 19, World Humanitarian Day is commemorated to honour the efforts of those who have risked and lost their lives in favour of humanitarian causes.
- #TheHumanRace is this year’s World Humanitarian Day theme.
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