Ajax Loader Daily Current Affairs Update | 16 August 2021

Economy

Indian Navy and IDFC First Bank collaborate to launch ‘Honour FIRST’ banking solutions
2 2 Daily Current Affairs Update | 16 August 2021

The Indian Navy has inked a MoU with the Infrastructure Development Finance Company (IDFC) First bank to launch ‘Honour FIRST’ banking solutions.

‘Honour FIRST’ is a premium banking solution for serving personnel and veterans of the Indian Navy.

The MoU for Honour FIRST was signed at the Naval Headquarters in New Delhi between Commodore Neeraj Malhotra and IDFC FIRST bank’s senior officials.

Quick Fact: V Vaidyanathan is the MD & CEO of IDFC Bank.

Defense

Indian Navy takes part in US Navy-led multinational SEACAT exercises
Navy Partner Nations Launch Seacat Exercise In Singapore Daily Current Affairs Update | 16 August 2021

The Indian Navy participated in the US Navy-led Southeast Asia Cooperation and Training (SEACAT) military exercise in Singapore.

The main objective of SEACAT 2021 was to enhance the interoperability and shared maritime security concerns.

The 20th edition of the exercise was organized by the US Navy in Hybrid format and comprised approximately 400 personnel and 10 ships.

Quick Fact: SEACAT was held in 2002 for the first time.

Economy

HCL technologies becomes 4th IT firm to hit INR 3 trillion market-cap
Hcl Technologies 8Ed1B884 0F6B 11Eb 9477 4F430730Ecf3 Daily Current Affairs Update | 16 August 2021

HCL Technologies’ market capitalization touched INR 3 trillion for the first time hence becoming the fourth Indian IT firm to achieve this milestone.

Tata Consultancy Services (TCS), Infosys and Wipro are the other three IT companies who have already achieved this feat.

HCL Tech is the third-largest Indian IT services company by revenue after TCS and Infosys.

Quick Fact: HCL Technologies is headquartered in Noida.

Sports

Indian Bank signs MoU with Paralympic Committee
Paralympic Committee Of India Daily Current Affairs Update | 16 August 2021

The Indian Bank has signed an MoU with the Paralympic Committee of India (PCI) as one of the banking partners of the Paralympic Games scheduled to begin from August 24 in Tokyo, Japan.

The bank will provide financial assistance to paralympic athletes throughout its year-long association with PCI.

The timely financial aid to athletes will encourage them to focus their efforts on the game and win laurels for the country.

Quick Fact: Deepa Malik is the President of the Paralympic Committee of India.

Summits and Conferences

India organises IBSA Tourism Ministers’ Meet virtually
Boost Creativity Virtual Content 2020 Daily Current Affairs Update | 16 August 2021

India organised the IBSA (India, Brazil and South Africa) Tourism Ministers’ meeting through the virtual platform recently.

The meeting was chaired by the Union Minister of Tourism of India, Shri G. Kishan Reddy.

The meeting provided a platform to promote tourism cooperation among the countries and recognized the importance of strengthening cooperation in tourism to overcome the impact of COVID-19.

Quick Fact: Portuguese is the official language of Brazil.

Sports

India sends largest ever contingent for Tokyo Paralympic Games
Tokyo Paralympics 2020 Pm To Interact With Indian Team Daily Current Affairs Update | 16 August 2021

The upcoming Tokyo Paralympic will witness the largest ever Indian contingent being sent with 54 para-sports persons participating along 9 disciplines.

The 54-member Indian contingents were given a formal and virtual send-off by the Union Minister for Youth Affairs and Sports, Anurag Thakur.

The 2020 Summer Paralympics Games are scheduled to be held in Tokyo, Japan from August 24 to September 5,2021.

Quick Fact: The International Olympic Committee is headquartered in Lausanne, Switzerland.

Environment

Four more wetlands added to the Ramsar list
Rf Patanal Garcia Sabino Wetlands Wealth 040 Scaled 1 Daily Current Affairs Update | 16 August 2021

Four more wetlands from India have been added to the Ramsar list and have been recognised as wetlands of global importance in accordance with the Ramsar Convention.

The four sites included are- Thol (Gujarat), Wadhwana (Gujarat), Sultanpur (Haryana) & Bhindawas (Haryana).

The Ramsar list was created with the aim of developing and maintaining an International network of wetlands which are important to conserve global biological diversity.

Quick Fact: Vembanad Lake is the largest wetland in India.

Economy

NTPC invites global EOI to set up Hydrogen Blending Project
Ani1628936469 Daily Current Affairs Update | 16 August 2021

NTPC Ltd. has invited Global Expression of Interest (EOI) to establish a Pilot Project on Hydrogen Blending with Natural gas in India.

Project on Hydrogen Blending with Natural Gas will be set up across the City Gas Distribution (CGD) Network in India.

The pilot on hydrogen blending with natural gas is going to be first of its kind project in India & would explore the viability of decarbonizing the natural gas grid of India.

Quick Fact: NTPC Ltd. is headquartered in New Delhi.

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