Daily Current Affairs for MBA Exams: 7th September 2021

By Aditi Joshi|Updated : September 7th, 2021

 Sports

1. Max Verstappen won Dutch Grand Prix 2021

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  • Max Verstappen won the Netherlands Grand Prix 2021 and reclaimed the Formula One championship lead from Lewis Hamilton.
  • The Red Bull driver’s leading seventh win of the season and 17th of his career.
  • Championship leader Lewis Hamilton could only manage second place in his Mercedes F1
  • Hamilton’s Mercedes teammate Valtteri Bottas was third.

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Sports

1. Max Verstappen won Dutch Grand Prix 2021

byjusexamprep

  • Max Verstappen won the Netherlands Grand Prix 2021 and reclaimed the Formula One championship lead from Lewis Hamilton.
  • The Red Bull driver’s leading seventh win of the season and 17th of his career.
  • Championship leader Lewis Hamilton could only manage second place in his Mercedes F1
  • Hamilton’s Mercedes teammate Valtteri Bottas was third.

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 Sports

2. Suhas Yathiraj becomes first IAS officer to win Paralympic medal

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  • India's Suhas Lalinakere Yathiraj won silver medal of badminton SL4 category at 2020 Tokyo Paralympics.
  • He lost gold medal match to the top seeded Lucas Mazur of France.
  • Suhas is currently the District Magistrate of Noida and became the first-ever IAS officer to win a medal at the Paralympics. 
  • Suhas had lost to Mazur, who has won three gold medals in European Championships as well.
  • Suhas had earlier outwitted Indonesia's Fredy Setiawan 21-9 21-15 in the semifinal.

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 Sports

3. Avani led Indian contingent at closing ceremony of Tokyo Paralympics

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  • Indian shooter Avani Lekhara led India’s contingent at the Closing Ceremony of Tokyo Paralympics as the flag-bearer.
  • 19-year-old shooter won gold and bronze medals at the Paralympic Games.
  • A total of 54 para-athletes from India across nine sports disciplines participated in the event.
  • Indian contingent finished their campaign at the Paralympic Games at an all-time high by securing a total of 19 medals which includes 5 gold, 8 silver, and 6 bronze medals.

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 State Affairs

4. Gujarat launches Vatan Prem Yojana

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  • The 1st meeting of the governing body of Vatan Prem Yojana was held at Gandhinagar under the chairmanship of CM Vijay Rupani.
  • Works to the tune of Rs 1,000 cr has been proposed to be completed by December 2022.
  • A project management unit has been formed for the smooth implementation of the scheme
  • It has also been made possible for donors to send money online.
  • Under the scheme NRIs can contribute 60% of the cost of a village-level project, rest will be borne state govt. 

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 Banking & Finance

5. LIC picks up nearly 4% stake in BoI through open market transaction

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  • The LIC has picked up nearly 4% equity shares in Bank of India through an Open Market Transaction.
  • Before the latest acquisition of shares in the bank, LIC held over a 3.17% stake in the state-owned bank.
  • LIC's stake in Bank of India has now increased to 7.05%, equivalent to 28,92,87,324 shares.
  • With this QIP, government shareholding in the bank has come down to 82.50% from 90.34% earlier.
  • BoI MD and CEO: Atanu Kumar Das

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 Obituaries

6. Former Union health Secretary Keshav Desiraju passes away

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  • Former Union Health Secretary Keshav Desiraju passed away in Chennai.
  • He was grandson of former President Dr Sarvepalli Radhakrishnan.
  • He was an IAS officer (1978) of Uttarakhand cadre.
  • He has held many positions with the govt of Uttarakhand and UP and the Government of India and retired as the Union Secretary in the Department of Consumer Affairs.
  • After he retired, he was appointed as the chairperson of the governing board of the Population Foundation of India.

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 Honours & Awards

7. PM Modi's approval rating is 70%, highest among 13 global leaders

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  • PM Narendra Modi has an approval rating of 70% which is the highest among 13 global leaders polled in the survey conducted by The Morning Consult.
  • In the survey, PM Modi is ahead of Mexican president Andres Manuel Lopez Obrador, Italian PM Mario Draghi, German Chancellor Angela Merkel, US President Joe Biden.
  • The Morning Consult's graph shown that PM Modi's disapproval rating reached a peak in May when the second wave of the Covid hit the country hard.

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 State Affairs

8. India’s 1st dugong conservation reserve to be in Tamil Nadu

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  • Tamil Nadu govt declared 500 sq.km of the biodiversity-rich waters in the Palk Bay as India’s 1st dugong conservation reserve.
  • The reserve will span the northern part of the Palk Bay from Adiramapattinam to Amapattinam.
  • According to Wildlife Institute of India (WII) estimates, only 200-250 Dugongs are left in the wild, of which 150 are found in the Palk Bay and Gulf of Mannar in Tamil Nadu.
  • It also found Gulf of Kutch and Andaman and Nicobar Islands.

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 Obituaries

9. Former IOC President Jacques Rogge passes away

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  • Former President of International Olympic Committee (IOC) Jacques Rogge passed away.
  • He served 12 years as president of IOC, from 2001 to 2013 and succeeded by Thomas Bach.
  • Rogge represented Belgium in rugby and was a world champion in sailing.
  • He competed in the Finn class at three Olympic Games from 1968 through 1976.
  • He led the European group of Olympic committees before being elected as the IOC's eighth president in 2001.

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 Banking & Finance

10. Eight major banks join the account aggregator network

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  • SBI, ICICI, Axis Bank, IDFC Bank, KM Bank, HDFC Bank, IndusInd Bank, and Federal Bank, have joined the Account Aggregator network.
  • AA network will enable customers to easily access and share their financial data.
  • Neo bank Fi has also joined the AA network and is one of the first fintech to join the ecosystem.
  • This was created through an inter-regulatory decision by RBI, SEBI, IRDAI, PFRDA through and initiative of the FSDC. 
  • The licence for AAs is issued by the RBI.

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 Defense

11. Biennial AUSINDEX maritime warfare exercises to commence this week

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  • Australia’s Northern Territory will host the biennial AUSINDEX maritime warfare exercises between the Royal Australian and the Indian navies.
  • The exercise will be conducted ahead of the two countries holding their first “2+2" Foreign and Defence Ministers meet in New Delhi.
  • AUSINDEX 21 will provide both the Navies an opportunity to strengthen joint defence capabilities in support of a stable and secure Indo-Pacific region.

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 Honours & Awards

12. Anonymous Myanmar photographer wins major photojournalism award

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  • A Myanmar photographer won the top award at photojournalism's biggest annual festival for his coverage of the troubled nation's pro-democracy protests and bloody military crackdown
  • The photographer scooped the Visa d'Or for News, the most prestigious award handed out at the "Visa Pour L'Image" festival in Perpignan, southwestern France.
  • Mikko Takkunen, the Asia photo editor for The New York Times, collected the prize on behalf of the photographer.
  • Capital: Nay Pyi Taw

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