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Important Current Affairs 28th August 2021

INTERNATIONAL

India signs pact with Maldives for $500 million Greater Male Connectivity Project

• The Government of India and Maldives inked the contract for the mega Greater Male Connectivity project (GMCP). The Greater Male Connectivity project (GMCP) is the largest-ever civilian infrastructure project in the Maldives. The Government of India is funding the implementation of GMCP through a USD 400 million Line of Credit (LoC) and USD 100 million grant. The USD 400 million LoC will be provided by the Export-Import Bank of India (Exim Bank).

• The project will be developed by Indian construction and engineering firm, AFCONS, based in Mumbai, Maharashtra. The Greater Male Connectivity Project (GMCP) comprise of 6.74 km long bridge and causeway link that will connect the national capital Male with three neighbouring islands namely: Villingili, Gulhifahu and Thilafushi.

NATIONAL

Niti Aayog, Cisco launched next phase of Women Entrepreneurship Platform

• NITI Aayog in partnership with Cisco has launched the next phase of the Women Entrepreneurship Platform (WEP) titled “WEP Nxt” to foster women entrepreneurship in India. WEP, which was launched by NITI Aayog in 2017, is a first-of-its-kind, unified portal that brings together women from diverse backgrounds and offers them access to a multitude of resources, support, and learning.

• WEPNxt Platform is the next phase of this WEP and will be driven by evidence-based decision-making based on a focused study of Indian women entrepreneurs and their most urgent needs across six key verticals – community and networking, skilling and mentorship, incubation and acceleration programs, and financial, compliance, and marketing assistance.

ECI organizes 2 day SVEEP Consultation Workshop to review State SVEEP Plans for forthcoming elections

• The Election Commission of India (ECI) organized the Systematic Voters’ Education and Electoral Participation (SVEEP) Consultation Workshop. As a part of this workshop, the Chief Election Commissioner, Sushil Chandra along with Election Commissioner Rajiv Kumar unveiled a new initiative.

• The main objective of the two-day workshop was to review State SVEEP Plans, conduct extensive deliberations on the important aspects of SVEEP and formulate a comprehensive strategy for future elections.

'India's Election To CA And POC Of Universal Postal Union Noteworthy': EAM S Jaishankar

• India has won the elections for membership of two key bodies of the Universal Postal Union (UPU), during the 27th UPU Congress in Abidjan, Côte d’Ivoire. India got elected to the Council of Administration(CA) with 134 votes, out of 156 countries. The country received the highest votes in CA elections from South Asia and the Oceania region.

• Apart from this, India has also been elected to the Postal Operations Council (POC) with 106 votes. India will now work with all to strengthen cooperation in the Universal Postal Union.

APPOINTMENT & RESIGNATION

RBI clears appointment of Hitendra Dave as HSBC India CEO for three years

• The Reserve Bank of India (RBI) has approved the appointment of Hitendra Dave as the Chief Executive Officer (CEO) of HSBC Bank (India). RBI has accorded the approval for a period of three years with effect from August 24, 2021. In June 2021, HSBC had announced the appointment of Hitendra Dave as the Chief Executive Officer of HSBC India.

• Dave succeeds Surendra Rosha who, after three years, is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific. Hitendra Dave, formerly Head of Global Banking & Markets of HSBC India.

SUMMIT'S & MOU's

Niti Aayog releases NER District SDG Index report; East Sikkim tops chart

• NITI Aayog and Ministry of Development of North Eastern Region have launched the North Eastern Region District SDG Index Report and Dashboard 2021–22, with technical support from UNDP. The index is based on NITI Aayog’s SDG India Index.

• According to the report, the East Sikkim district of Sikkim has topped the North Eastern Region (NER) District SDG Index 2021-22 while the Kiphire district of Nagaland was ranked last amongst 103 districts in the ranking. Gomati, North Tripura is second, West Tripura is third in the ranking.

• The Index measures the performance of the districts of the eight states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura on the Sustainable Development Goals and ranks these districts on the basis of the same. NER District SDG Index is the first of its kind in the country as it focuses on the North Eastern Region.

MANTHAN 2021: BPR&D & AICTE collaborate to bring India’s first hackathon on national security

• The Bureau of Police Research and Development (BPR&D) in collaboration with the All India Council for Technical Education (AICTE) have launched a unique national Hackathon named ‘MANTHAN 2021’. The basic objective of this hackathon is to identify innovative concepts and technology solutions for addressing the security challenges of the 21st century faced by the intelligence agencies of the country and empower these enforcement agencies.

• The Hackathon is scheduled to be held from November 28 to December 01, 2021, in an online mode.

• The winning team will receive a number worth Rs. 40 Lakh.

• The Hackathon will be held under 6 themes for 20 different challenge statements using new technologies like Artificial Intelligence, Deep Learning, Augmented reality, Machine Learning among others.

OBITUARY

Ted Dexter: Former England and Sussex captain dies aged 86

• Former England and Sussex captain Ted Dexter has passed away. Dexter, nicknamed “Lord Ted”, was an aggressive batsman and part-time seam bowler who played 62 tests for England after making his debut in 1958 against New Zealand and was captain between 1961-1964.

• After retiring, he helped devise a ranking system for Test players and was chairman of selectors for England. Dexter was also a regular on the BBC’s TV coverage of England home Test matches and was a newspaper columnist. The ranking system was adopted by the International Cricket Council (ICC) and formed the basis of today’s system.

BOOKS & AUTHOR

Book ‘Accelerating India: 7 Years of Modi Government’ written by Mr Alphons

• Prime Minister Narendra Modi has received a book titled ‘Accelerating India: 7 Years of Modi Government’ by former Union Minister, K J Alphons.

• The book is about all the areas of India’s reform journey, written by Mr Alphons. K J Alphons is the former Minister of State for Culture and Tourism (Independent Charge), in office from 3 September 2017 to May 2019.

BANKING AND ECONOMIC

RBI extends PIDF scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres

• The Reserve Bank of India has announced to include street vendors of tier-1 and tier-2 centres, identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) as beneficiaries under the Payments Infrastructure Development Fund (PIDF) Scheme. Payments Infrastructure Development Fund (PIDF) Scheme was launched by RBI to encourage deployment of Points of Sale (PoS) infrastructure (both physical and digital modes) in tier-3 to tier-6 centres and northeastern states.

• So now RBI has specifically allowed street vendors of Tier-1 and Tier-2 centres, to be part of PIDF Scheme. The street vendors in tier-3 to tier-6 centres will continue to be covered under the Scheme by default. PIDF presently has a corpus of Rs. 345 crore.

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