Daily GK Current Affairs viable of 24th August 2021

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Daily GK Current Affairs News viable of 24th August 2021. – Here is the Regular current affairs viable of 24th August 2021. covering the following news headlines: WEF’S Sustainable Development Impact Summit, Zair-Al-Bahr, Yuktdhara Portal, NeoBolt, World Water Week 2021.

Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.

So, here is the GK update of 24th 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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International News
National News
Business News
Defence News
Important Days

International News

World’s First fossil-free steel manufactured in Sweden

Swedish green steel venture HYBRIT, which made the ‘world’s first’ customer delivery of steel produced without using coal.
The steel was made using Hydrogen Breakthrough Ironmaking Technology, which uses 100% fossil-free hydrogen instead of coal and coke. The venture has started delivering fossil-free steel to the Volvo Group as part of its trial run.
Development for the hybrid project, which was established in 2016 and is owned by SSAB, energy firm Vattenfall and LKAB, a mining and minerals conglomerate.
Vattenfall and LKAB are both owned by the Swedish state. The idea underpinning the hybrid is to use “100% fossil-free hydrogen” instead of coal and coke in steel production.

Important takeaways for all competitive exams:

Stockholm is the capital of Sweden;
The krona is the official currency of Sweden;
The current PM of Sweden is Stefan Lofven.

National News

MyGov & UN Women tie-up to launch Amrit Mahotsav Shri Shakti Challenge 2021

MyGov under the Ministry of Electronics and Information Technology and UN Women have joined hands to launch the Amrit Mahotsav Shri Shakti Innovation Challenge 2021.
The aim of this challenge is to encourage technology solutions developed by Women Entrepreneurs related to Women’s Safety and Empowerment.
The initiative will promote ‘Nari Sashaktikaran’, and empower women to help them achieve their full potential. The Amrit Mahotsav Shri Shakti Challenge 2021 is being implemented under the Multi-Partner Trust Fund (COVID-19) Programme.

Nirmala Sitharaman launches the National Monetisation Pipeline

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has launched the asset monetisation pipeline of Central ministries and public sector entities: ‘National Monetisation Pipeline’.
Asset Monetisation, means a limited period license/ lease of an asset, owned by the government or public authority, to a private sector entity for upfront or periodic consideration.
The National Monetisation Pipeline (NMP) lists out assets and asset classes, under various infrastructure ministries, which will be monetised over a period of time. Which means assets will be monetised.
The pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22.
NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of the Central Government, over a four-year period, from FY 2022 to FY 2025.
The top 5 sectors capture about 83% of the aggregate pipeline value. These top 5 sectors include- Roads (27%) followed by Railways (25%), Power (15%), oil & gas pipelines (8%) and Telecom (6%).

Business News

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India, ADB sign $500 million loan to expand Metro Rail Network in Bengaluru

Asian Development Bank (ADB) and the Government of India have signed a $500 million loan to expand the metro rail network in Bengaluru with the construction of two new metro lines totalling 56 km in length.
The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations.
The new metro lines will further strengthen safe, affordable and green mobility in Bengaluru, having a positive impact on enhancing the quality of life, sustainable growth in urban habitat and livelihood opportunities.

Important takeaways for all competitive exams:

President of ADB: Masatsugu Asakawa;
Headquarters: Manila, Philippines.

Defence News

2nd Indo-Qatari joint Naval Exercise “Zair-Al-Bahr” in Persian Gulf

The second edition of Zair-al-Bahr, a joint naval exercise between the Indian Navy and Qatar Emiri Naval Force (QENF), was conducted in the Persian Gulf from 9 to 14 August. This edition of the exercise consisted of a two-day sea phase followed by a three-day port phase.
The sea phase includes tactical maritime exercises including surface action, anti-piracy exercises, air defence, maritime surveillance, boarding operations and SAR exercises.
In the sea phase of the exercise, the Indian Navy’s Stealth Frigate INS Trikand, QENF’s missile boats of Barzan and Damsah class, fast-attack crafts of MRTP 34 class and Rafale fighter aircraft participated.

Important takeaways for all competitive exams:

Qatar Capital: Doha; Currency: Qatari riyal.
Prime Minister of Qatar: Sheikh Khalid bin Khalifa bin Abdelaziz Al Thani.

Important Days

World Water Week 2021: 23-27 August

World Water Week is an annual event organized by the Stockholm International Water Institute (SIWI) since 1991 to address global water issues and concerns related to international development.
World Water Week 2021 has been organized in a completely digital format from 23-27 August. The theme of World Water Week 2021 is ‘Building Resilience Faster’.

Important takeaways for all competitive exams: