Daily Current Affairs 3rd August, 2021

Daily Current Affairs 3 August 2021 for Banking/Insurance/SSC and other related exams.


Govt has allocated over Rs 756 crore under FAME scheme till June his year
Government has allocated over 756 crore rupees under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, FAME scheme till June this year.

  • The main objective of the scheme is to encourage Faster adoption of Electric and hybrid vehicle by way of offering upfront incentive on purchase of Electric vehicles and establishing a necessary charging Infrastructure for electric vehicles.
  • The scheme, launched in 2015, is aimed at addressing the issue of environmental pollution and fuel security.

Bhubaneswar becomes first city in country to achieve 100% vaccination against covid-19
Odisha capital Bhubaneswar has become the first city in India to achieve hundred percent vaccination of its people against covid-19.

  • Additionally, about one lakh migrant workers have also been administered the first dose of covid vaccine in the capital city.
  • The Bhubaneswar Municipal Corporation had set benchmarks for different categories of people to complete the vaccination process within the specific timelines by the 31st July last.


Indian and Chinese Armies establish hotline for Sikkim sector
A hotline was established between Indian Army at Kongra La in North Sikkim and People’s Liberation Army of China at Khamba Dzong in Tibetan Autonomous Region.

  • This will further the spirit of trust and cordial relations along the borders. The event coincided with the PLA Day.
  • These hotlines in various sectors will go a long way in enhancing the same and maintaining peace and tranquility at the borders.


IndusInd Bank gets empanelled as Agency Bank to RBI
IndusInd Bank said it has been empanelled by the Reserve Bank of India (RBI) to act as an ‘Agency Bank‘ to facilitate transactions related to government businesses.

  • It will strengthen the bank’s presence within the government domain, IndusInd Bank said.
  • The announcement comes close on the heels of a recent RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.

SBI launches new & enhanced security feature – ‘SIM Binding’ in YONO & YONO Lite app
To safeguard the interest of its customers, Country’s largest lender State Bank of India (SBI) has launched a new and enhanced security feature – ‘SIM Binding’ in YONO and YONO Lite app.

  • The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have the SIM Card of mobile numbers registered with the Bank.
  • To get access to the new version of YONO and YONO Lite, users will have to their mobile app and complete the one-time registration process on these Apps. The registration process verifies the SIM of the Registered Mobile Number (RMN) with the bank in order to complete the registration. Customers will have to ensure that they register with the device which has the SIM of the registered contact number.

Indian Bank signs MoU with IIT Bombay for extending exclusive credit facility to Start-ups and MSMEs
Indian Bank entered into a Memorandum of Understanding with Society for Innovation and Entrepreneurship (SINE) – an initiative of Indian Institute of Technology, Bombay – for extending exclusive credit facility to Start-ups and MSMEs.

  • The Bank will extend loans of up to 50 crore rupees to these start-ups for their working capital requirements or purchase of machinery and equipment.
  • As the name goes, this initiative, which is mutually beneficial for both Bank and IIT, Bombay, will be the spring board for start-ups to realise their ambitions.


India’s services exports at USD 19.72 billion in June: RBI data
India”s services exports increased 24.1 per cent month-on-month to USD 19.72 billion in June 2021, the Reserve Bank of India said.

  • The exports stood at USD 17.35 billion in May and USD 17.54 billion in April.The RBI further said imports in June were valued at USD 11.14 billion, up 24.8 per cent on sequential basis.
  • The imports stood at USD 10.23 billion in May and USD 9.89 billion in the previous month.


Myanmar army chief appoints himself Prime Minister, promises election by 2023
The State Administration Council of Myanmar has been reformed as ‘Caretaker government of Myanmar’ headed by the Chief of the Myanmar military Senior General Min Aung Hlaing as the Prime Minister.

  • In a televised speech Gen. Hlaing also pledged to hold elections by 2023. He said that his administration was ready to work with a future regional envoy appointed by the ASEAN on Myanmar.
  • General Hlaing took over power in Myanmar in February after removing the government headed by the State Counsellor Aung San Suu Kyi on February 1, a day before the newly elected parliament was set to meet.

Nikol Pashinyan re-appointed as Armenian PM
Nikol Pashinyan has been re-appointed as the prime minister of Armenia by President Armen Sarkissian.

  •  Pashinyan, the leader of the Civil Contract Party, won the majority of seats in parliamentary elections in June 2021. The 46-year-old Pashinyan was first appointed as the prime minister in 2018.


Chitkara University recognised as District Green Champion by Government of India
In a major feat, Chitkara University, Patiala, has been recognised as the ‘District Green Champion’ for the academic year 2020-21 by the Mahatma Gandhi National Council of Rural Education (MGNCRE), Ministry of Education, Government of India.

  • The award was presented to the varsity’s pro-chancellor, Madhu Chitkara, in the presence of Patiala deputy commissioner Kumar Amit.
  • This award is given to colleges that have actively participated in keeping their campuses clean, sanitised, and are in line with the ‘Swachh Bharat’ programme


IIT Madras launches India’s first consortium for Virtual Reality
Indian Institute of Technology Madras has launched the country’s first Consortium for Virtual Reality called ‘Consortium for VR/AR/MR Engineering Mission in India’ (CAVE). As a group of academia, industries, start-ups, and Government bodies, this consortium is being coordinated by IIT Madras.

  • The main objective of this consortium is to enable members to create new advanced technologies and applications in Virtual Reality, Augmented Reality, Mixed Reality (XR) and haptics together. Their research collaboration would be undertaken with industrial sponsors and participants from industry, academia, and Government.
  • The consortium will promote best practices, dialogue with all stakeholders, government policymakers, and research institutions. It aims to become a resource for industry, academia, consumers, and policymakers interested in virtual, augmented, and mixed reality


Film critic Rashid Irani passes away
Eminent film critic Rashid Irani, a much-loved figure in the cinema circles of the city, was found dead at his residence here. He was 74.

  • Irani, who had contributed several articles in national dailies like Times of India, Hindustan Times and the website Scroll.in, was “one of the pillars of the Mumbai Press Club Film Society.

Veteran Odisha Politician Arun Dey passes away 
Trade union leader, activist and five-time MLA of Odisha, Arun Dey, passed away at the age of 75 at a private hospital in Bhubaneswar.

  • He was elected to the Assembly in 1980 and 1990 from Balasore. In 1995 he contested as an independent candidate and won it. In 2004 he was again elected on behalf of the Odisha Gana Parishad.
  • Dey had contested the assembly election from Balasore in 2014 on Congress ticket. However, he lost to the Biju Janata Dal’s Jiban Pradip Das. The veteran leader joined the BJD headed by Chief Minister Patnaik ahead of the 2019 elections.


Kunal Basu’s new book ‘In An Ideal World’ out in 2022
Renowned writer Kunal Basu’s new novel titled ‘In An Ideal World’ is expected to release in early 2022, publisher Penguin Random House India announced recently.

  • A literary novel, ‘In An Ideal World’ explores a variety of themes like — family, college politics, and fanaticism.

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