Daily GK Current Affairs viable of 18th August 2021

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Daily GK Current Affairs News viable of 18th August 2021. – Here is the Regular current affairs viable of 18th August 2021. covering the following news headlines: ‘Photographic Record Of On-Site Facility’ (PROOF) App, Financial Inclusion Index, ‘green and sustainable’, Spilimbergo Open Chess Tournament, Maki Kaji, creator of Sudoku puzzle passes away.

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So, here is the GK update of 18th August 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Table of Contents

Here current affairs have been categorized which is as follows:

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National News
Banking News
Defence News
Sports News
Obituary News

National News

J&K Lt Governor Manoj Sinha launches ‘Photographic Record Of On-Site Facility’ (PROOF) App

In Jammu and Kashmir, Lieutenant Governor Manoj Sinha unveiled a mobile application named PROOF to bring more transparency and accountability in the governance system.
PROOF stands for ‘Photographic Record of On-Site Facility’.
The main objective of this app is to monitor the work progress of all the projects allotted to various departments of the Union Territory and ensure timely completion of these projects.
The app will give complete pictorial view of the work along with its geographical coordinates i.e. latitude and longitude and user comments on work progress
As per the new rules of the UT government, no bills shall be entertained in the treasury unless photographs of projects are uploaded.
In order to get the bills passed, it will be mandatory to upload geo-tagged photographs to bring in more transparency and accountability in the system.

Banking News

HDFC launches ‘green and sustainable’ deposits programme for retail clients

India’s largest private sector bank, HDFC has launched a green and sustainable deposits programme for retail clients, with an aim to safeguard the environment from climate change.
The funds from these fixed deposits will be used for financing of green and sustainable housing credit solutions and services.
Interest Rates : 6.55 percent
Maturity period : between 3 to 10 years
Senior Citizens will get an additional interest rate of 0.25 percent per annum on their deposits of up to Rs 2 crore.
Further, an additional interest rate of 0.1 percent per annum will be applicable on these deposits up to Rs 50 lakh if made through the online platform of the bank.

RBI introduces the Financial Inclusion Index

The Reserve Bank of India has introduced the Financial Inclusion Index (FI-Index), a measure of the extent of financial inclusion in India. The FI-Index contains the inclusion details of the banking, investment, insurance, postal and pension sectors in India.
The value of the FI-index will be between 0 and 100. Where 0 denotes complete financial exclusion while 100 denotes complete financial inclusion.
Parameters of FI-Index: The FI-Index consists of three parameters, namely- Access (35%), Utilization (45%), and Quality (20%) Each of these consists of different dimensions, which are calculated on the basis of a The number of indicators is done. There are a total of 97 indicators.
The annual FI-index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017. RBI will issue FI-Index every year in the month of July. This index has no base year.

Defence News

INS Tabar Participates in Exercise Konkan 2021 with Royal Navy of UK

Indian Naval Ship Tabar arrived in Portsmouth, England on 12 August 2021 to undertake the annual bilateral drill ‘Exercise Konkan 2021’ between the Indian Navy and the Royal Navy of Britain.
Bilateral naval exercise Konkan is being conducted every year since 2004 to enhance interoperability, synergy and cooperation between the two navies.
HMS Westminster of the Royal Navy took part from the British side.

Sports News

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Indian GM Raunak Sadhwani wins 2021 Spilimbergo Open Chess Tournament

A 15-year-old young Indian Grandmaster Raunak Sadhwani has won the 19th Spilimbergo Open chess tournament in Italy on August 15, 2021.
Fourth seed Sadhwani, who hails from Nagpur, remained undefeated in the tournament with seven points from nine rounds, with five wins and four draws.
In the ninth and final round, Sadhwani and Italian GM Pier Luigi Basso tied with seven points, but the Indian was declared the winner on the basis of a better tie-break score.

Obituary News

Maki Kaji, creator of Sudoku puzzle passes away

Puzzle Sudoku creator Maki Kaji passed away at the age of 69 due to cancer of the bile duct.
He was known as the father of Sodoku and was from Japan. He was the chairman of the Nikolai Company Limited, a Japanese puzzle maker.

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