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Important Current Affairs 31st August 2021

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NATIONAL

Government introduces a new registration mark for new vehicles

• Ministry of Road Transport & Highways has introduced a new registration mark for new vehicles i.e. “Bharat series (BH-series)”. The vehicles bearing the BH-series mark will not have to require the assignment of a new registration mark when the owner of the vehicle shifts from one State to another.

• Earlier, under section 47 of the Motor Vehicles Act, 1988, if a person moves from one state to another, a person is allowed to keep the vehicle for not more than 12 months in any state other than the state where the vehicle is registered, but a new registration with the new state- registering authority has to be made within the stipulated time of 12 months.

• This facility is available on a voluntary basis to Defense personnel, employees of Central Government/ State Government/ Central/ State Public Sector Undertakings and private sector companies/organizations, which have their offices in four or more States/Union territories.

LIC Launches “Ananda Mobile App” For Agents & Intermediaries

• The Life Insurance Corporation of India (LIC) has launched the mobile application of its digital paperless solution, “ANANDA” for LIC agents. ANANDA stands for Atma Nirbhar Agents New Business Digital Application. The ANANDA mobile app was launched by LIC Chairperson MR Kumar, through Video Conferencing.

• The ANANDA Digital application was launched in November 2020 for LIC Agents / Intermediaries.

• With Mobile App in place, the usage level of ANANDA among the Agents / Intermediaries will go up and help LIC to take the New Business fortunes to bigger heights.

• The ANANDA tool enables LIC agents to register new LIC policies from the comfort of their homes.

• Prospective customers can avail the facility of taking a New Life Insurance Policy in the comfort of their homes/offices without having to meet the agent in person.

• It is built on a paperless KYC process using Aadhaar based e-authentication of the Life Proposed.

PM Modi to inaugurate renovated complex of Jallianwala Bagh incident

• Prime Minister Narendra Modi has dedicated to the nation the renovated complex of Jallianwala Bagh Smarak in Punjab’s Amritsar, to mark 102 years of the Jallianwala Bagh massacre. The historic garden is a memorial of national importance, preserved in the memory of countless revolutionaries, sacrificers, fighters, who were killed in the Jallianwala Bagh Massacre, which occurred on the festival of Baisakhi on 13 April 1919.

• Apart from this, PM Modi also inaugurated four museum galleries developed at the Smarak, to showcase the historical value of events that unfolded in Punjab in 1919. PM also announced multiple development initiatives taken by the government to upgrade the complex.

SPORTS

Sumit Antil shatters own record thrice, wins gold medal

• India’s Sumit Antil has won the gold medal in the 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 the 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.

APPOINTMENT & RESIGNATION

HSBC has appointed former SBI chairman Rajnish Kumar as a non-executive director

• 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 a member of the 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. His international tenure included stints at SBI’s UK and Canada operations. Kumar is also currently a director of India’s Lighthouse Communities Foundation, an independent director of Larsen & Toubro Infotech, a senior advisor of Baring Private Equity Asia Pte. Ltd in Singapore and an advisor of Kotak Investment Advisors Ltd in Mumbai.

Nine new Supreme Court judges take oath, strength rises to 33

• Nine new judges, including three women, have been administered the oath of office as judges of the Supreme Court by Chief Justice of India (CJI) NV Ramana. The strength of the Supreme Court would go up to 33, including the CJI, out of the sanctioned strength of 34, after the swearing-in of the nine new judges. Three out of these nine new judges — Justice Vikram Nath and Justice BV Nagarathna and Justice PS Narasimha — are in line to become the chief justice of India.

• This is the first time that nine judges were sworn in together in the history of the top court. Traditionally, new judges take the oath of office in the CJI’s courtroom, but due to that Covid pandemic, the swearing-in ceremony would be held in the auditorium of the Supreme Court’s additional building complex.

Nine new judges of the Supreme Court-

1.  Justice Vikram Nath:  Justice Nath, who was the chief justice of the Gujarat High Court, is in line to become the CJI upon the retirement of sitting top court judge Justice Surya Kant in February 2027.

2. Justice BV Nagarathna: Justice Nagarathna was a judge of the Karnataka High Court. Justice Nagarathna is in line to become the first woman CJI in September 2027.

3. Justice PS Narasimha: Justice Narasimha was a senior advocate and former additional solicitor general. Justice Narasimha would succeed Justice Nagarathna as the CJI and would have a tenure of over six months.

4. Justice Abhay Shreeniwas Oka: Justice Oka was the chief justice of the Karnataka High Court).

5.  Justice Jitendra Kumar Maheshwari: Justice Maheshwari was the chief justice of the Sikkim High Court.

6.  Justice Hima Kohli:  Justice Kohli was the chief justice of the Telangana High Court

7.  Justice CT Ravikumar:  Justice Ravikumar was a judge of the Kerala High Court

8.  Justice MM Sundresh:  Justice Sundresh was a judge of the Madras High Court

9. Justice Bela M Trivedi:  Justice Trivedi was a judge of the Gujarat High Court

OBITUARY

Noted Bengali author Buddhadeb Guha dies at 85

• Eminent Bengali writer Buddhadeb Guha, has passed away. He 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.

IMPORTANT DAYS

Day for the Remembrance of the Slave Trade and its Abolition

• The International Day for People of African Descent is celebrated for the first time on 31 August 2021. The United Nations aims to promote the extraordinary contributions of the African diaspora around the world and to eliminate all forms of discrimination against people of African descent.

• The year 2020 marked the midterm of the International Decade for People of African Descent. While some progress has been made at legislative, policy and institutional levels, people of African descent continue to suffer intersectional and compounded forms of racial discrimination, marginalization, and exclusion. On 19 June 2020, the Human Rights Council adopted the resolution on the “Promotion and protection of the human rights and fundamental freedoms of Africans and people of African descent against excessive use of force and other human rights violations by law enforcement officers”.

BANKING AND ECONOMIC

PhonePe receives insurance broking licence from Irdai

• Flipkart-owned digital payments platform PhonePe has received an insurance broking licence from the 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. Prior to getting a broking licence, PhonePe, from January 2020, operated as a corporate agent and launched several offerings across general insurance, term insurance and health insurance. However, as a corporate agent, it was only restricted to partner with three insurance companies per category.

Indo-Nepal Remittance: RBI enhances per transaction ceiling

• The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs 2 lakh per transaction. Earlier there was a ceiling limit of 12 transactions in a year. Now, this limit has also been removed. However, for cash-based transfers under the Indo-Nepal Remittance Facility, the per transaction limit of Rs 50,000 will still be present with a maximum number of transfers in a year allowed at 12.

• Indo-Nepal Remittance Facility is a fund transfer mechanism from India to Nepal (not otherwise) that operates on NEFT. It was started by RBI in the year 2008. It is managed by SBI in India and Nepal SBI Bank Limited (NSBL) in Nepal.

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