Daily Current Affairs for CLAT & Other Law Exam: 4th August 2021

By Anupam Kawde|Updated : August 4th, 2021
  • Current Affairs plays a vital role in the preparation of CLAT 2021 and other law exams. Current Affairs keep you update about the happenings around the world. The majority of questions asked in the exam are from the latest current affairs. 
  • Current Affairs not only keeps you up to date but also provides you a better perspective and knowledge about the important burning issues worldwide.
  • The ‘General Knowledge, including current affairs section’ has witnessed the most drastic changes. The questions that were earlier directly asked have now been replaced with passage-based questions. Due to this change the section which was earlier an economical one in contrast to time consumption has become too lengthy and time-consuming.

 National & International Appointments

1. Ebrahim Raisi takes over as President of Iran

  • Ultra-conservative cleric and judiciary chief Ebrahim Raisi has taken over as eighth President of Iran with effect from August 3, 2021.
  • He replaced moderate President Hassan Rouhani who was not allowed run for a third consecutive term.
  • He won Iranian presidential elections in June with 61.95% of the vote.
  • Ebrahim Raisi has also become 1st Iranian president to be sanctioned by US even before assuming office as he was designated in 2019.
  • Capital of Iran: Tehran.

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 Banking & Finance

2. DBS named as World’s most innovative digital bank

  • DBS Bank has been awarded as the global winner for Most Innovative in Digital Banking by Financial Times publication, The Banker in its 2021 Innovation in Digital Banking Awards.
  • He was also recognised as Asia-Pacific winner and won in the Cyber Security category for its Secure Access and Remote Working Solution.
  • Banker’s Innovation in Digital Banking Awards: It recognise the most innovative banks across the world for their digital banking initiatives transformation.

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 Banking & Finance

3. RBI authorises IndusInd Bank to act as an ‘Agency Bank’

  • IndusInd Bank has been empanelled to act as an ‘Agency Bank’ by RBI
  • After being an agency bank, IndusInd becomes eligible to carry out transactions related to all kinds of government led businesses
  • The Bank can carry out general banking business on behalf of the central and state government, apart from its normal banking business.
  • It can handle transactions pertaining to revenue receipts under CBDT, CCBIC and GST on behalf of the state/central government.

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 National Affairs

4. NITI Aayog and RMI release a report on Power Distribution Sector

  • NITI Aayog, along with RMI and RMI India has released report titled as Turning Around the Power Distribution Sector that presents reform pathways that can transform power distribution sector
  • As per the report, most power distribution companies in India incur losses every year with total losses as high as Rs 90,000 crore in FY 2021.
  • Due to these accumulated losses, discoms are unable to pay generators on time, make investments required to ensure high-quality power

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 Schemes

5. HDFC Bank launches ‘Dukandar Overdraft Scheme’ for small retailers

  • HDFC Bank has launched an overdraft facility for small retailers titled as ‘Dukandar Overdraft Scheme’ to help shopkeepers and merchants in easing their cash crunch.
  • It has been launched in partnership with Common Service Centres Special Purpose Vehicle (CSC SPV).
  • Eligibility: Retailers operating for a minimum of 3 years.
  • Beneficiaries need to provide six months bank statement from any bank.
  • Minimum overdraft limit: Rs 50,000.
  • Maximum overdraft limit: Rs 10 lakh.

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 Arts & Culture

6. Sports Minister launches Paralympic Theme Song ‘Kar De Kamaal Tu’

  • Union Minister for Youth Affairs and Sports, Anurag Singh Thakur has launched the theme song for the Indian Paralympic contingent in New Delhi.
  • The song is titled as "Kar De Kamaal Tu".
  • The singer and composer of the song is Sanjeev Singh (Divyang cricket player from Lucknow).
  • Paralympic Games in Tokyo will begin from August 24, 2021 and 54 para-sportspersons across 9 sports disciplines will participate in the same from India.

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 Sports

7. USA beats Mexico to clinch 2021 CONCACAF Gold Cup in Football

  • U.S. Men’s National Team has defeated Mexico by 1-0 in extra time, to be crowned champion of the 2021 CONCACAF Football Gold Cup in Las Vegas
  • This is the seventh Football Gold Cup title for the USA, their first since 2017.
  • CONCACAF Gold Cup: It is the biennial international men’s football championship organized by CONCACAF, the football ruling body in North America, Central American, and Caribbean.

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 Sports

8. Marcell Jacobs and Elaine Thompson-Herah wins 100m title at Tokyo Olympics

  • Italy’s Marcell Jacobs (26 years) has claimed Men’s 100 metres gold title at Tokyo Olympics.
  • He achieved the feat in 9.80 seconds, becoming the first Italian to take the most coveted title in athletics
  • Fred Kerley (US) won the silver in 9.84 seconds while Andre de Grasse (Canada) took the bronze in 9.89 seconds.
  • Elaine Thompson-Herah of Jamaica won Women’s 100 metres title in 10.61 seconds, followed by Shelly-Ann Fraser-Pryce and Shericka Jackson of Jamaica 

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 National & International Organizations

9. IMF approves US$650 Billion allocation of Special Drawing Rights

  • International Monetary Fund (IMF) has approved allocation of $650 billion in IMF Special Drawing Rights (SDR) to boost global liquidity
  • Aim: To support member countries, especially emerging and developing nations, battling the coronavirus pandemic and the economic downturn it has caused.
  • The allocation will become effective from August 23, 2021.
  • The newly created SDRs will be credited to member countries in proportion to their existing quotas shareholding in the Fund.

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 National & International Organizations

10. Seven Indian companies feature in Fortune Global 500 list for 2021

  • Seven Indian companies have been placed in 2021 Fortune’s Global 500 list, which is an annual ranking of the top 500 enterprises globally, as measured by business revenues.
  • Indian Companies in the list: Reliance Industries (155th rank), SBI (205), Indian Oil (212), ONGC (243), Rajesh Exports (348), Tata Motors (357), Bharat Petroleum (394)
  • Top Global Companies: Walmart (US), State Grid (China), Amazon (US), China National Petroleum (China), Sinopec (China), Apple (US).

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 National Affairs

11. Defence Secretary launches website for 75th Independence Day celebrations

  • Defence Secretary Ajay Kumar has launched website for 75th Independence Day Celebrations 2021 (IDC 2021), https://indianidc2021.mod.gov.in as a part of Azadi ka Amrit Mahotsav.
  • The website is a platform to connect Indians from world over to celebrate the National Festival.
  • The mobile app of IDC 2021 platform will be launched in the coming days.
  • It will provide all information regarding activities of the celebrations ranging from live streaming of Red Fort to blogs.

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 Sports

12. Alexander Zverev wins Tennis Men’s Singles Gold at Tokyo Olympics

  • Alexander Zverev of Germany (24 years) has defeated Russian Karen Khachanov by 6-3 6-1, to win gold in men’s single tennis at Tokyo Olympics
  • With this victory, he has become the first German man to win a singles Olympic gold.
  • He is yet to win a Grand Slam title of his career
  • He is also the only second German player to win Olympic singles gold, after Steffi Graff won at the 1988 Seoul Olympics.

Read Full News >>

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Anupam KawdeAnupam KawdeMember since Jun 2020
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