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Current Affairs 18 August 2021
Daily Current Affairs 18 August 2021: This post contains the latest current affairs for 18 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
J&K Lt Governor Manoj Sinha launches ‘Photographic Record Of On-Site Facility’ (PROOF) App
- In Jammu and Kashmir, Lieutenant Governor Manoj Sinha unveiled a mobile application named PROOF, to bring more transparency and accountability in the governance system.
- PROOF stands for ‘Photographic Record of On-site Facility’.
- The main objective of this app is to monitor work progress of all the projects allocated to different departments of the UT and ensure timely completion of these projects.
- The app will give complete pictorial view of the work along with its geographical coordinates i.e. latitude and longitude and user comments on work progress
- As per the new rules of the UT government, no bills shall be entertained in the treasury unless photographs of projects are uploaded.
- In order to get the bills passed, it will be mandatory to upload geo-tagged photographs to bring in more transparency and accountability in the system.
Banking
RBI introduces the Financial Inclusion Index
- The Reserve Bank of India has introduced the Financial Inclusion Index (FI-Index), which is a measure of the extent of financial inclusion in India. FI-Index incorporates the inclusion details of banking, investments, insurance, postal and pension sector in India.
- The value of FI-Index will range between 0 to 100. Where 0 denotes complete financial exclusion while 100 denotes full financial inclusion.
- Parameters of FI-Index: The FI-Index comprises of three parameters, namely- Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators. In total there are 97 indicators.
- The annual FI-Index for the period ending March 2021 is 53.9 while for the period ending March 2017 it is 43.4. RBI will release the FI-Index in the month of July every year. There is no base year for this Index.
HDFC launches ‘green and sustainable’ deposits programme for retail clients
- India’s largest private sector bank, HDFC has launched a green and sustainable deposits programme for retail clients, with an aim to safeguard the environment from climate change.
- The funds from these fixed deposits will be used for financing of green and sustainable housing credit solutions and services.
- Interest Rates : 6.55 percent
- Maturity period : between 3 to 10 years
- Senior Citizens will get an additional interest rate of 0.25 percent per annum on their deposits of up to Rs 2 crore.
- Further, an additional interest rate of 0.1 percent per annum will be applicable on these deposits up to Rs 50 lakh if made through the online platform of the bank.
Defence
INS Tabar Participates in Exercise Konkan 2021 with Royal Navy of UK
- The Indian Naval Ship Tabar arrived at Portsmouth in England on August 12, 2021, to undertake the annual bilateral drill ‘Exercise Konkan 2021’ between the Indian Navy and Britain’s Royal Navy.
- The bilateral naval exercise Konkan is being held every year since 2004, to enhance the interoperability, synergy and cooperation between both navies.
- HMS Westminster of the Royal Navy took part from Britain’s side.
Sports
Indian GM Raunak Sadhwani wins 2021 Spilimbergo Open Chess Tournament
- A 15-year-old young Indian Grandmaster Raunak Sadhwani has won the 19th Spilimbergo Open chess tournament on August 15, 2021 in Italy.
- The fourth-seeded Sadhwani, who hails from Nagpur, remained undefeated in the tournament, with seven points from nine rounds, in which claimed five wins and four draws.
- In the ninth and final round, Sadhwani and Italian GM Pier Luigi Basso finished level on seven points, but the Indian was declared the winner on the basis of a better tie-break score.
Appointment/Resignation
Hakainde Hichilema Wins 2021 Zambia Presidential Election
- In Zambia, opposition leader Hakainde Hichilema, of the United Party for National Development , has won the 2021 general Presidential election of the country.
- The 59-year-old Hichilema won with landslide victory, winning 59.38% of the total vote.
- He will replace incumbent President Edgar Lungu of the Patriotic Front.
Malaysian Prime Minister Muhyiddin Yassin resigns
- The Prime Minister of Malaysia Muhyiddin Yassin and his cabinet resigned after losing confidence vote in parliament.
- The 74-year-old Muhyiddin came to power in March 2020.
- He will however stay on as a caretaker prime minister until a successor is named.
Books & Author
Biography of Jayaprakash Narayan written by Bimal Prasad and Sujata Prasad to hit stands on August 23
- A new book titled “The Dream of Revolution: A Biography of Jayaprakash Narayan”, written by historian Bimal Prasad and author Sujata Prasad, will be released on August 23, 2021.
- The new book will be published by the Penguin Random House India.
- It is the biography of revolutionary leader and independence activist Jayaprakash Narayan, popularly referred to as JP or Lok Nayak..
Obituary
Maki Kaji, creator of Sudoku puzzle passes away
- Maki Kaji, the creator of puzzle Sudoku passed away at the age of 69 years due to bile duct cancer.
- He was known as the father of Sodoku and was from Japan. He was the president of Nikoli Co., Ltd., a Japanese puzzle manufacturer.
