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The Monthly Hindu Review | Current Affairs | August 2021 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App The Monthly Hindu Review | Current Affairs | August 2021 Contents The Most Important Current Affairs August 2021 ................................................................................................... 3 Banking and Financial Current Affairs ..................................................................................................................... 8 Economy Current Affairs ...........................................................................................................................................10 Business Current Affairs ............................................................................................................................................11 International Current Affairs ....................................................................................................................................12 National Current Affairs ............................................................................................................................................14 States Current Affairs .................................................................................................................................................16 Schemes/Committees ..................................................................................................................................................18 Agreement/Memorandum of Understanding (MoU) .............................................................................................19 Appointments/Resignations (National & International) .......................................................................................20 Ranks and Reports ......................................................................................................................................................22 Sports Current Affairs ................................................................................................................................................24 Summits And Conferences ........................................................................................................................................26 Awards & Recognition ...............................................................................................................................................27 Important Days............................................................................................................................................................29 Defence Current Affairs .............................................................................................................................................31 Science and Technology .............................................................................................................................................34 Books & Authors .........................................................................................................................................................35 Miscellaneous Current Affairs ..................................................................................................................................36 Obituaries ....................................................................................................................................................................38 Static Takeaways .........................................................................................................................................................39 2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App The Monthly Hindu Review | Current Affairs | August 2021 The Most Important Current Affairs August 2021 Tokyo Olympics 2020 Closing Ceremony Khel Ratna Award renamed as Major Dhyan Highlights Chand Khel Ratna Award The Tokyo Olympics 2020 came to an end on August Prime Minister Narendra Modi has announced that 08, 2021. The international multi-sport event was held Rajiv Gandhi Khel Ratna Award will be renamed as from July 23 to August 08, 2021, in Tokyo, Japan. This was for the fourth time that Japan hosted the Olympic Major Dhyan Chand Khel Ratna Award. The Prime Games, after previously hosting the Tokyo 1964 Minister said the move was based on the numerous (Summer), Sapporo 1972 (Winter), and Nagano 1998 requests he received from across the nation. Dhyan (Winter) games. Apart from this, Tokyo is the first Chand, whose birthday is celebrated as National Sports Asian city to hold the Summer Games twice. Day, won three Olympic golds for the country in Medal Tally: Hockey. • The United States has topped the overall medal About the award: table with 113 medals, which includes 39 Gold, 41 Silver and 33 Bronze Medal. The award was inaugurated in 1991-92, the award • Indian Contingent managed to win 7 medals comprises a medallion, a certificate, and a cash prize of comprising 1 Gold, 2 Silver and 4 Bronze Medals. ₹ 25 lakh. The first recipient of the Khel Ratna was The country stood at the 48th position in the medal chess legend, Viswanathan Anand. Some of the table out of 86 countries. winners in recent years include cricketer Rohit Sharma, Top Five Nations in the Medal Tally: wrestler Vinesh Phogat, women’s hockey team captain • United States: 113 (Gold: 39, Silver: 41, Bronze: 33) Rani Rampal, among others. • China: 88 (Gold: 38, Silver: 32, Bronze: 18) • Japan: 58 (Gold: 27, Silver: 14, Bronze: 17) RBI announces its bi-monthly monetary policy • Great Britain: 65 (Gold: 22, Silver: 21, Bronze: 22) • Team ROC (the Russian Olympic Committee): 71 The Reserve Bank of India (RBI) has announced its bi- (Gold: 20, Silver: 28, Bronze: 23) monthly monetary policy. This is the seventh time in a India in the Tokyo Olympics 2020 row that the Monetary Policy Committee (MPC) • India finished the Games with its best-ever Olympic headed by RBI Governor Shaktikanta Das has medal tally of 7 in Tokyo Games 2020, surpassing maintained the status quo. RBI had last revised its the previous best record of 6 medals at the 2012 policy rate on May 22, 2020, in an off-policy cycle to London Olympics. perk up demand by cutting the interest rate to a historic • MC Mary Kom, and men’s hockey team skipper, low. The meeting was held between August 4 and 6. Manpreet Singh, were flag-bearers for the Indian contingent at the opening ceremony. The remaining will take place in October (6 to 8); • Bronze-medalist Bajrang Punia was the flag-bearer December (6 to 8) and February (7 to 9, 2022). at the closing ceremony of the event. Indian Medal Winners List Gold • Men’s Javelin Throw: Neeraj Chopra Silver • Women’s 49kg Weightlifting: Mirabai Chanu • Men’s Freestyle 57kg Wrestling: Ravi Dahiya Bronze • Women’s Welterweight boxing: Lovlina Borgohain • Women’s Singles Badminton: PV Sindhu • Men’s 65kg Freestyle Wrestling: Bajrang Punia • Men’s hockey: India men’s hockey team 3 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App The Monthly Hindu Review | Current Affairs | August 2021 The Marginal Standing Facility (MSF) rate and bank Reverse Repo Rate: It is the (fixed) interest rate at rates remain unchanged: which the Reserve Bank of India can absorb liquidity • Policy Repo Rate: 4.00% from banks on an overnight basis, against the collateral • Reverse Repo Rate: 3.35% of eligible government securities under the LAF. • Marginal Standing Facility Rate: 4.25% Liquidity Adjustment Facility (LAF): The LAF has • Bank Rate: 4.25% overnight as well as term repo auctions under it. The • CRR: 4% term repo helps in the development of the inter-bank • SLR: 18.00% term money market. This market sets the benchmarks RBI Monetary Policy Highlights & Key Decisions: for the pricing of loans and deposits. This helps in • RBI keeps the GDP growth forecast for FY22 improving the transmission of monetary policy. As per unchanged at 9.5%. the evolving market conditions, the Reserve Bank of • RBI to conduct two more auctions of ₹25,000 crores India also conducts variable interest rate reverse repo each on August 12 and August 26 under the G-sec auctions. Acquisition Programme (GSAP). • CPI inflation is projected at 5.7 % during 2021-22 – Marginal Standing Facility (MSF): MSF is a provision this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in that enables the scheduled commercial banks to borrow Q4 of 2021-22 with risks broadly balanced. CPI an additional amount of overnight money from the inflation for the first quarter of 2022-23 is projected Reserve Bank of India. Bank can do this by dipping into at 5.1%. their Statutory Liquidity Ratio (SLR) portfolio up to a limit at a penal rate of interest. This helps the banks to The composition of the Monetary Policy Committee is sustain the unanticipated liquidity shocks faced by as follows: them. • Governor of the Reserve Bank of India – Shri Shaktikanta Das. Chairperson, ex officio: 7 Indian Companies Feature in Fortune Global • Deputy Governor of the Reserve Bank of India, in 500 list for 2021 charge of Monetary Policy– Member, ex officio: Dr Michael Debabrata Patra. Seven Indian companies have found a place in 2021 • One officer of the Reserve Bank of India to be Fortune’s Global 500 list. The Fortune Global 500 is an nominated by the Central Board – Member, ex annual ranking of the top 500 enterprises globally, as officio: Dr Mridul K. Saggar. measured by business revenues. Mukesh Ambani-led • A professor at the Mumbai-based Indira Gandhi Reliance Industries