Roadmap for Banking of the Future
Current Affairs 01 August 2021
Daily Current Affairs 01 August 2021: This post contains the latest current affairs for 01 August 2021 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. You can also attempt our Current Affairs Quiz after reading our daily current affairs.
National
PM Modi launches several educational initiatives while addressing nation on first NEP anniversary
- Prime Minister Shri Narendra Modi addressed the nation via video conferencing on July 29, 2021 to mark the completion of one year of announcing the National Education Policy (NEP) 2020.
- As a part of the occasion, PM launched multiple initiatives in the education sector.
The initiatives are listed below.
- Academic Bank of Credit: This initiative will provide multiple entry and exit options for students in higher education.
- Multiple entry/exit means students can select the course of their choice and can exit if they are not interested. Students need not stick to a particular stream.
- First-year engineering programmes in regional languages.
- 14 engineering colleges in eight states will offer courses in Hindi, Tamil, Telugu, Marathi and Bengali. This will benefit those from economically disadvantaged families.
- Guidelines for the internationalisation of higher education.
- This could include the study in India scheme and other incentives to foreign institutes setting up campuses in the country. “Office of international education has been set up at 250 plus universities and this will enable attract foreign education.
- Vidya Pravesh: Vidya Pravesh is a three-month play-based school preparation module for Grade 1 students.
- Indian Sign Language: Indian Sign Language will be included as a subject at the secondary level
- NISHTHA 2.0: NISHTHA 2.0 is an integrated programme of teacher training designed by NCERT.
- SAFAL: SAFAL is Structured Assessment For Analyzing Learning Levels, a competency-based assessment framework for Grades 3, 5 and 8 in CBSE schools
- A website dedicated to Artificial Intelligence
- National Digital Education Architecture (NDEAR) and National Education Technology Forum (NETF)
Rajasthan Government launches ”Mission Niryatak Bano” to boost exports from state
- The Rajasthan government has launched a new campaign titled ‘Mission Niryatak Bano’, to encourage aspiring exporters in the state, increase the total exports from Rajasthan and increase job opportunities in the state.
- The campaign has been launched jointly by the State Government’s Industrial Department and Rajasthan Industrial Development and Investment Corporation (RIICO) to handhold the local traders willing to expand their business to foreign countries.
- The Mission Niryatak Bano campaign shall cover assistance for training, securing necessary documentation, registration in Rajasthan Export Promotion Council and even support in exports and trade operations.
Banking
18 Indian banks buy stake in new blockchain start-up IBBIC
- 18 banks in India have come together to set up a new fintech firm named ‘IBBIC Pvt Ltd (IBBIC)’, to make use of blockchain technology for the financial services sector.
- IBBIC was incorporated in May 2021 as a financial technology company with an objective of providing a platform for exploring, building and implementing Distributed Ledger Technology (DLT) solutions including the development of DLT platforms, applications, ventures for the Indian financial services sector.
- IBBIC will use Infosys Finacle Connect platform to digitise and automate inter-organisation trade finance processes, including processing inland letters of credit (LCs)..
- The banks includes RBL Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Yes Bank, South Indian Bank, Federal Bank, IDFC First Bank, State Bank of India (SBI), Bank of Baroda (BoB), Indian Bank, Canara Bank, IDBI Bank, Punjab National Bank, Union Bank of India and Standard Chartered.
- Almost every bank have picked up equal stake of 5.55% in IBBIC, by making an investment of Rs 5 lakh each.
- Each bank will invest Rs 5 Crore in the company, making the total capital of the company to Rs 75 Crores.
Appointment
Vice Admiral SN Ghormade takes charge as Vice Chief of the Naval Staff
- Vice Admiral SN Ghormade (AVSM, NM) assumed charge as the Vice Chief of Naval Staff on July 31, 2021, at a formal ceremony in New Delhi.
- He succeeds Vice Admiral G Ashok Kumar who retired on July 31, 2021, after more than 39 years of illustrious service.
- The Flag officer SN Ghormade was commissioned in the Indian Navy on January 01, 1984.
- He was awarded the Ati Vishisht Seva Medal (AVSM) on January 26, 2017 and Nausena Medal (NM) in 2007 by the President of India, and a Commendation by the Chief of the Naval Staff in 2000.
Awards
Legendary playback singer Asha Bhosle selected for Maharashtra Bhushan Award for 2021
- The Maharashtra Bhushan Selection Committee chaired by Chief Minister Uddhav Thackeray has unanimously selected legendary playback singer Asha Bhosle for the prestigious Maharashtra Bhushan Puraskar for the year 2021.
- Instituted in 1996, the Maharashtra Bhushan Award is the highest honour presented by the government of Maharashtra to recognise distinguished work and achievements of eminent persons from the state, representing different walks of life.
- It carries a cash prize of Rs 10 lakh and a citation.
Serum Institute Chairman Cyrus Poonawalla wins Lokmanya Tilak National Award
- Dr Cyrus Poonawalla, Chairman of the Pune-based vaccine maker Serum Institute of India (SII), has been selected for the prestigious Lokmanya Tilak National Award for 2021.
- Mr Poonawalla has been named for his work during the COVID-19 pandemic, by manufacturing the Covishield vaccine.
- He will receive the award on August 13. The award comprises a cash prize of Rs one lakh and a memento.
- The Lokmanya Tilak national award is given annually since 1983 on August 1, the death anniversary of Lokmanya Tilak, by the Lokmanya Tilak Trust. However this year the date has been changed due to the coronavirus situation.
Days
World Breastfeeding Week 2021: 01 – 07 August
- The World Breastfeeding Week (WBW) is marked every year in the first week of August, between 1 to 7 August, to raise awareness on the importance of breastfeeding for mothers and infants
- The theme of the World Breastfeeding Week 2021 is “Protect Breastfeeding:A Shared Responsibility”.
- The week is organized by WABA, WHO and UNICEF since 1991.
Muslim Women’s Rights Day: 01 August
- In India, “Muslim Women’s Rights Day” is celebrated across the nation on August 01 to celebrate the enactment of the law against Triple Talaq.
- The first Muslim Women’s Rights Day was observed in 2020.
- The Government of India enacted the law against Triple Talaq on August 01, 2019 to make the social malpractice of Triple Talaq a criminal offense.
- The law is formally called the Muslim Women (Protection of Rights on Marriage) Act, 2019.
- It prohibits the practice of instant divorce by Muslim men and any violation of the law is punishable by a jail term of up to three years.
World Lung Cancer Day: 01 August
- Every year, World Lung Cancer Day is observed on August 1 to raise awareness about the causes and treatment of lung cancer and highlight the issues of lack of sufficient research funding for the ailment.
- The campaign was first organized in 2012 by the Forum of International Respiratory Societies (FIRS) , in collaboration with the International Association for the Study of Lung Cancer (IASLC) and also the American College of Chest Physicians.
- The IASLC is the largest organization in the world of its kind that only deals with lung cancer.
