1. Economy

RXIL achieves record monthly throughput

1 3 Daily Current Affairs Update | 8 April 2021

RXIL is the Receivables Exchange of India. 

Recently it has become the first TReDS platform to cross a monthly throughput of Rs 1000 crores. TReDS is an electronic platform that supports financing of MSMEs through multiple financiers.

The increase in monthly throughput indicates economic recovery in India, especially that of MSMEs.

Quick Fact: RXIL is a joint venture between Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited.

  1. Science and Technology

ADHD Drug approved by FDA

2 3 Daily Current Affairs Update | 8 April 2021

United States’ FDA has recently approved a drug for treating ADHD patients in the age group of 6 to 17 years.

The drug, called Qelbree, is the first ADHD drug to receive approval from the FDA in ten years.

By nature, the drug is a brain stimulant.

Quick Fact: ADHD stands for Attention Deficit Hyperactivity Disorder.

  1. Science and Technology

Xenobots to be made of frog stem cells

3 3 Daily Current Affairs Update | 8 April 2021

Scientists are developing extremely small living robots called xenobots from the living stem cells of the Xenopus laevis frog.

The self-healing robots will be used to detect diseases and deliver drugs to specific areas of the body.

The robots are less than 1 millimetre long and are made up of 500-1000 cells.

  1. Miscellaneous

World Health Day observed on 7th April

4 3 Daily Current Affairs Update | 8 April 2021

World health day is observed annually on 7th April.

The day is formally observed by the World Health Organization.

The theme for this year’s World Health Day was ‘Building a fairer, healthier World for everyone’

  1. Economy

IMF releases latest World Economic Outlook

5 3 Daily Current Affairs Update | 8 April 2021

The latest World Economic Outlook is named, “Managing Divergent Recoveries”.

As per the report:

  1. Global economic recovery will be skewed for various nations, depending on individual countries’ fiscal support and vaccination drives
  2. Good recovery is expected in North America, India and China
  3. US and UK are frontrunners on vaccination front, while Asia is lagging behind.
  4. Tourism and hospitality sectors have suffered huge losses due to COVID-19.

Quick Fact: IMF was established in 1945.

6) Economy

Forbes releases list of India’s top 10 richest billionaires

6 3 Daily Current Affairs Update | 8 April 2021

Forbes is an American business magazine owned by the Integrated Whale Media Investments and the Forbes family.

The ten richest billionaires in India are: Mukesh Ambani, Gautham Adani, Shiv Nadar, Radhakishan Damani, Uday Kotak, Lakshmi Mittal, Kumar Birla, Cyrus Poonawalla, Dilip Shanghvi and Sunil Mittal.

The Forbes list of richest World Billionaires

includes Jeff Bezos, Elon Musk, Bernard Arnault, Bill Gates and Mark Zuckerberg.

Quick Fact: The motto of Forbes Magazine is ‘Change the World

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