20th August, 2021 – Daily News

Topics covered – accreditation of private exploration agencies in the field of mining, Affordable Rental Housing Complexes , incentive for sugar mills , Ubharte Sitaare Fund , Defence India Startup Challenge , Advanced Chaff Technology , remote sensing satellite data , three child policy , Global Crypto Adoption Index 2021, Cybersecurity Multi-Donor Trust Fund , caretaker President of Afghanistan, Institute of Economic Growth (IEG) Society., World Humanitarian Day , Sanskrit Week , ‘Mission Domination: An Unfinished Quest’ book

Bulletins

  1. Ministry of Mines has adopted the scheme for accreditation of private exploration agencies in the field of mining.
  2. Ministry of Housing and Urban Affairs has sanctioned around 60,000 houses under the Affordable Rental Housing Complexes (ARHCs).
  3. Central govt has announced an incentive for sugar mills for promoting the production of ethanol.
  4. Ministry of Finance has launched the Ubharte Sitaare Fund for small and mid-cap industries to boost exports of these industries.
  5. Ministry of Defence has launched Defence India Startup Challenge (DISC) 5.0 under Innovations for Defence Excellence – Defence Innovation Organisation (iDEX-DIO)
  6. DRDO has developed an Advanced Chaff Technology to protect the fighter aircrafts of the Indian Air Force (IAF) from dangerous radar threats.
  7. Ministry of Tourism has signed an MoU with MakeMyTrip (India) Private Limited and Ibibo Group Private Limited to strengthen the hospitality and tourism industry,
  8. Universal Service Obligation Fund (USOF) has signed an agreement with Bharat Sanchar Nigam Limited (BSNL) for making available high quality and high speed internet access to the States of North Eastern Region of the country.
  9. BRICS Space Agencies Heads have signed an agreement for cooperation in remote sensing satellite data among themselves.
  10. China has approved the three child policy to prevent a steep decline in birth rates in the world’s most populous country.
  11. Chainalysis has released the Global Crypto Adoption Index 2021.
  12. World Bank has launched a new Cybersecurity Multi-Donor Trust Fund under the broader Digital Development Partnership (DDP) umbrella program.
  13. Indian govt and the Asian Development Bank (ADB) have signed a $500 million loan to expand the metro rail network in Bengaluru with construction of two new metro lines totalling 56 km in length.
  14. Amrullah Saleh, the Vice-President of Afghanistan, has declared himself as the caretaker President of Afghanistan.
  15. Neuberg Diagnostics, India’s fourth-largest diagnostics lab chain, has roped in MS Dhoni as its brand ambassador.
  16. NK Singh (chairman of the 15th Finance Commission) has been elected as the president of the Institute of Economic Growth (IEG) Society.
  17. World Humanitarian Day is observed on August 19 by UN.
  18. Sanskrit Week is observed from August 19 to 25, 2021 in India.
  19. ‘Mission Domination: An Unfinished Quest’ book has been written by Boria Majumdar and Kushan Sarkar.
  20. Gerd Müller (German footballer) has passed away.

Table of Content

National News

  1. Ministry of Mines has adopted the scheme for accreditation of private exploration agencies in the field of mining.
      • It has been developed by the National Accreditation Board for Education and Training, under the Quality Council of India (QCI-NABET).
      • The QCI-NABET will grant accreditation to private exploration agencies for undertaking prospecting operations of minerals in accordance with the standards and procedures of the scheme.
      • Mines And Minerals (Development and Regulation) Amendment Act, 2021 empowers the govt to allow private entities in mining.
  2. Ministry of Housing and Urban Affairs has sanctioned around 60,000 houses under the Affordable Rental Housing Complexes (ARHCs).
      • The houses will be constructed by public, private agencies and organizations.
      • These houses are in addition to around 4,000 affordable rental houses that have come up in Surat, Ahmedabad and Chandigarh and nearly 7,000 that are under different stages of construction.
  3. Central govt has announced an incentive for sugar mills for promoting the production of ethanol.
      • Sugar mills who divert export sugar and divert the commodity towards ethanol making will get additional domestic sales quota in the new 2021-22 season starting October.
      • Sugar mills have also been asked to take advantage of firm global sugar prices and plan export of raw sugar in advance in the new season (October-September)
      • Currently, the government fixes a monthly quota for the sale of sugar in the domestic market. On an average, about 21 lakh tonne quota is fixed for a monthly sale for mills.
      • In the new season, about 35 lakh tonnes of sugar is estimated to be diverted; and by 2024-25, about 60 lakh of sugar is targeted to be diverted to ethanol.
  4. Ministry of Finance has launched the Ubharte Sitaare Fund for small and mid-cap industries to boost exports of these industries.
      • The fund, anchored by Exim Bank and SIDBI, will provide financial and logistical support to small companies to meet their export targets.
      • The Ubharte Sitaare Fund will make equity investments in export-oriented small and mid-sized companies, both in the manufacturing and services sectors.
      • The Ubharte Sitaare Fund will identify hurdles and constraints of the identified enterprises, and assist them in their growth and export strategies through financial and advisory services.
      • The total corpus of the fund is Rs 250 crore.

Defence News

  1. Ministry of Defence has launched Defence India Startup Challenge (DISC) 5.0 under Innovations for Defence Excellence – Defence Innovation Organisation (iDEX-DIO)
      • 35 Problem Statements – 13 from the Services and 22 from Defence Public Sector Undertakings (DPSUs) – were unveiled under DISC 5.0.
      • This is the highest number of problem statements under the DISC.
      • In the previous four editions, more than 80 start-ups, MSMEs and individual innovators have emerged as winners in over 40 technological areas.
      • The Defence Acquisition Procedure (DAP-2020) set the target of Rs 1,000 crore domestic procurement through iDEX in 2021-22,
      • In the DAP-2020, a budget of Rs 498.8 crore was also approved for the next five years to support over 300 start-ups and foster innovation in defence & aerospace sectors.
      • iDEX will support more start-ups with the help of 5 ‘I’s (Identify, Incubate, Innovate, Integrate and Indigenise).
  2. DRDO has developed an Advanced Chaff Technology to protect the fighter aircrafts of the Indian Air Force (IAF) from dangerous radar threats.
      • Defence Laboratory, Jodhpur has developed the technology, in partnership with High Energy Materials Research Laboratory (HEMRL), Pune.
Chaff Technology

Memorandum of Understanding

  1. Ministry of Tourism has signed an MoU with MakeMyTrip (India) Private Limited and Ibibo Group Private Limited to strengthen the hospitality and tourism industry,
      • The Ministry has already signed MoU with Cleartrip and Yatra.com and Ease my Trip.
      • As part of the MoU, both tourism platforms will display the accommodation units, which have self-certified themselves on SAATHI platform, on their websites.
      • The organizations will also encourage the accommodation units to register on NIDHI and SAATHI platforms and encourage local tourism Industry with appropriate safeguards for curbing spread of COVID-19.
  2. Universal Service Obligation Fund (USOF) has signed an agreement with Bharat Sanchar Nigam Limited (BSNL) for making available high quality and high speed internet access to the States of North Eastern Region of the country.
      • As part of this MoU, 10 Gbps International Bandwidth for Internet Connectivity will be brought to Agartala from Bangladesh Submarine Cable Company Limited (BSCCL), Bangladesh.

International News

  1. BRICS Space Agencies Heads have signed an agreement for cooperation in remote sensing satellite data among themselves.
      • Who signed the agreement? – Dr K Sivan (ISRO); Mr. Zhang Kejian (China National Space Administration); Dr Val Munsami (South African National Space Agency); Mr. Carlos Augusto Teixeira De Moura (Brazilian Space Agency); and Dr Dmitry Rogozin (Roscosmos, Russia)
      • This Agreement enables building a virtual constellation of specified remote sensing satellites of BRICS space agencies and their respective ground stations will receive the data.
  2. China has approved the three child policy to prevent a steep decline in birth rates in the world’s most populous country.

Reports & Indices

  1. Chainalysis has released the Global Crypto Adoption Index 2021.
      • The index ranks 20 countries to measure the level of cryptocurrency adoption and usage by individuals between July 2020 and June 2021.
      • Vietnam came at 1st spot, India at 2nd, and Pakistan at 3rd.
      • Emerging market economies took the top spots due to huge transaction volumes on peer-to-peer platforms (P2P) when adjusted for purchasing power parity per capita and internet-using population.
      • Global adoption of cryptocurrency grew over 800% in the past year, especially in emerging markets.
      • Parameters of the ranking – P2P trade volume and weights it to favour countries with lower purchasing power parity (PPP) per capita and fewer internet users to highlight countries where more residents are putting a larger share of their overall wealth into P2P cryptocurrency transactions.
      • China and the U.S. dipped in the global adoption index rankings as their P2P trade volume weighted for internet-using population declined dramatically over the year.
      • However, it reflects increasing ‘professionalisation’ and ‘institutionalisation’ of cryptocurrency trading in the U.S., and in China’s case, the ongoing government crackdowns on crypto trading.

Banking & Economy

  1. World Bank has launched a new Cybersecurity Multi-Donor Trust Fund under the broader Digital Development Partnership (DDP) umbrella program.
      • World Bank has partnered with four countries, namely Estonia, Japan, Germany, and the Netherlands, to launch the fund.
      • The main aim of this new fund is to enhance cyber and digital security capability and capacity in World Bank member countries, with the development of global knowledge, country assessments, technical assistance, capacity building and training, along with necessary investments in infrastructure and technology.
      • The Digital Development Partnership (DDP) was launched by the World Bank in 2016.
  2. Indian govt and the Asian Development Bank (ADB) have signed a $500 million loan to expand the metro rail network in Bengaluru with construction of two new metro lines totalling 56 km in length.

Appointments

  1. Amrullah Saleh, the Vice-President of Afghanistan, has declared himself as the caretaker President of Afghanistan.
  2. Neuberg Diagnostics, India’s fourth-largest diagnostics lab chain, has roped in MS Dhoni as its brand ambassador.
  3. NK Singh (chairman of the 15th Finance Commission) has been elected as the president of the Institute of Economic Growth (IEG) Society.
      • IEG is an autonomous, multidisciplinary centre for advanced research and training, founded in 1952 by the Indian economist VKRV Rao.
      • IEG conducts research in nine domains, which are –
        • agriculture and rural development, environment and resource economics; globalisation and trade; industry, labour and welfare; macro-economic policy and modelling; population and development; health policy; and social change and social structure.
NK Singh president of IEG

Important Days

  1. World Humanitarian Day is observed on August 19 by UN.
      • #TheHumanRace 2021 campaign of the UN focuses on ‘a global challenge for climate action in solidarity with the people who need it most’.
  2. Sanskrit Week is observed from August 19 to 25, 2021 in India.
      • 22 August, 2021 is observed as the World Sanskrit Day by India. The date of this day vary.

Miscellaneous

  1. ‘Mission Domination: An Unfinished Quest’ book has been written by Boria Majumdar and Kushan Sarkar.
  2. Gerd Müller (German footballer) has passed away.

Start Quiz of 20th August 2021

Q.1) How much is the corpus of Ubharte Sitaare Fund?
Q.2) With which bank has Exim Bank partnered for the Ubharte Sitaare Fund?
Q.3) Which of the following statement is correct about the Ubharte Sitaare Fund?
Q.4) How many problem statements are addressed through the Defence India Startup Challenge (DISC) 5.0?
Q.5) With which telecom company has Universal Service Obligation Fund signed an MoU for making available high quality and high-speed internet access to the States of North-Eastern Region of the country?
Q.6) What is India’s rank in the Global Crypto Adoption Index 2021?
Q.7) With which country has World Bank not partnered for its Cybersecurity Multi-Donor Trust Fund?
Q.8) Who has been elected as the president of the Institute of Economic Growth (IEG) Society?
Q.9) When is the World Humanitarian Day observed?
Q.10) Who is the author of ‘Mission Domination: An Unfinished Quest’ book?
CEO of Anujjindal.in


About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

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