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Current Affairs 31 August 2021
Daily Current Affairs 31 August 2021: This post contains the latest current affairs for 31 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.
Banking & Economy
PFRDA increases the entry age in National Pension System (NPS) to 70 years
- The Pension Fund Regulatory and Development Authority (PFRDA) has increased the entry age for the National Pension System (NPS) from 65 years to 70 years.
- Earlier the eligible age to invest in NPS was 18-65 years which has now been revised to 18-70 years. As per the revised norms, any Indian Citizen, resident or non-resident and Overseas Citizen of India (OCI) between the age of 65-70 years can join NPS and continue or defer their NPS Account up to the age of 75 years.
- If a person joins NPS after 65 years, then the Normal Exit shall be after 3 years. Exit before 3 years will be considered premature exit.
- There is also a limit on the amount that can be exposed to equity in case the NPS is open after 65 years. The maximum equity exposure is 15% and 50% under Auto and Active Choice respectively.
IDBI Bank to divest its entire 19.18% stake in ARCIL
- IDBI Bank has announced that the board of IDBI Bank has approved to divest its entire stake of 19.18% in Asset Reconstruction Company (India) Limited (ARCIL).
- Asset Reconstruction Company India (Arcil) is the oldest ARC entities operating in India, founded in 2002. Headquarter- Mumbai, Maharashtra.
- ARCIL is owned by State Bank of India (SBI), IDBI Bank, ICICI Bank and Punjab National Bank (PNB), and other foreign investors.
RuPay launches #FollowPaymentDistancing campaign to promote and encourage contactless payments
- RuPay has launched a strategic campaign titled – #FollowPaymentDistancing to promote and encourage contactless payments among customers.
- Due to COVID-19, customers have been following several norms and measures to stay safe by following healthy habits, self-care routines, and social distancing.
- RuPay’s #FollowPaymentDistancing campaign encourages consumers to start ‘payment distancing’ and switch to contactless digital payments with RuPay Contactless Cards which is safe as well as time-conserving.
Panel
Govt sets up panel to develop technological platform for streamlining revenue litigation; Head- Ashish Shiradhonkar
- Central Government has set up a committee to develop a technological platform streamlining the appeal filing process related to direct and indirect taxation matters. The committee is headed by Ashish Shiradhonkar.
- Ashish Shiradhonkar is the head of e-courts project in the National Informatics Centre.
Appointment
Former SBI Chief Rajnish Kumar appointed as independent director of HSBC Asia
- The former State Bank of India (SBI) chairman Rajnish Kumar has been appointed as an independent director of the Hongkong and Shanghai Banking Corporation (HSBC) Asia entity on August 30, 2021.
- He has also been appointed as the member of Audit Committee and Risk Committee of the company.
- Mr Rajnish Kumar retired as SBI Chairman in October 2020 after a 40-year career at the SBI.
Insurance
PhonePe receives direct broking licence from IRDAI
- Flipkart-owned digital payments platform PhonePe has received an insurance broking licence from Insurance Regulatory and Development Authority of India (IRDAI).
- This means that with the new ‘direct broking’ licence, PhonePe can now distribute insurance products from all insurance companies in India, on its platform.
- Earlier in January 2020, PhonePe entered the insurtech sector, but with a limited insurance ‘corporate agent’ licence, which restricted it to partner with only three insurance companies per category.
Sports
Avani Lekhara wins gold in shooting at Tokyo Paralympics 2020
- Indian paralympic shooter Avani Lekhara won the first gold medal for India at the Tokyo Paralympics 2020 in the women’s 10m air rifle standing SH1 event on August 30, 2021.
- Lakhara has now become the first Indian woman to win a gold medal in shooting at an Olympic and Paralympic Games.
- The 19-year-old Lekhara scored 249.6 in the final to claim the medal, and with this, she has also equalled the world record and surpassed the Paralympic record.
- Avani Lekhara hails from Jaipur, Rajasthan.
Javelin Thrower Sumit Antil Wins Gold for India at Tokyo Paralympics
- India’s Sumit Antil has won gold medal in men’s javelin throw F64 final event at the Tokyo Paralympics, and in the process set a new world record throw of 68.55m. The 23-year-old Sumit hails from Sonepat in Haryana.
- Michal Burian of Australia won the silver medal (66.29m), while Sri Lanka’s Dulan Kodithuwakku won bronze medal.
- This is the second gold medal for India at the ongoing Tokyo Games and now the total medal tally of India has reached 7.
- Earlier, the bronze medal won by Vinod Kumar in the discus throw F56 final was declared as ineligible by the classification panel.
Yogesh Kathuniya wins silver in discus throw at Tokyo Paralympics 2020
- India’s discus thrower Yogesh Kathuniya has clinched silver medal at the ongoing Tokyo Paralympics in the men’s Discus Throw F56 final event. Yogesh claimed the second spot with a throw of 44.38m.
- Batista dos Santos from Brazil won gold, setting a paralympic record with a throw of 45.59m.
- L. Diaz Aldana from Cuba bagged bronze..
Devendra Jhajharia Wins silver while Sundar Singh Gurjar claims bronze in Javelin throw event of Tokyo Paralympics
- At the ongoing Tokyo Paralympics 2020, India’s greatest paralympian, Devendra Jhajharia won the silver medal in the men’s javelin throw – F46 final event on August 30, 2021.
- The 40-year-old Devendra performed his best throw of 64.35, for the silver.
- In the same event, Sundar Singh Gurjar won the bronze medal, with his best throw of 64.01.
- With this, the total medal tally of India at the Paralympics 2020 Games reaches to seven.
Indian cricketer Stuart Binny announces retirement from all forms of cricket
- Indian all-rounder Stuart Binny has announced his retirement from all forms of cricket on August 30, 2021.
- Stuart Binny had represented the Team India in six Tests, 14 ODIs and three T20Is, scoring a total of 459 runs and 24 wickets.
- In the Indian Premier League, he played for the Rajasthan Royals.
- Binny holds the record of the best bowling figures in ODI format
Obituary
Noted Bengali Writer Buddhadeb Guha passes away at 85
- Eminent Bengali writer Buddhadeb Guha, has passed away after a massive cardiac arrest. He was 85.
- Guha was the author of many notable works such as “Madhukari” (Honey Gatherer), “Koeler Kachhe” (Near the Koel bird) and “Sobinoy Nibedon” (Humble Offering).
- He also won several awards including Ananda Purashkar in 1976, Shiroman Purashkar and Sharat Puraskar.
