August 2021

RBI cancelled license of Raigad based Karnala Nagari Sahakari Bank

RBI cancelled license of Raigad based Karnala Nagari Sahakari Bank

The Reserve Bank has canceled the license of Raigad based Karnala Nagari Sahakari Bank Limited in Maharashtra. Daily Current Affairs Quiz 2021 As informed by the Reserve Bank of India, the license of Karnala Nagari Sahakari Bank was cancelled due to insufficient capital and earning prospects and its continuance would have adversely affected depositors. RBI […]

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Govt to ban manufacture, sale and use of single-use plastic items

Govt to ban manufacture, sale and use of single-use plastic items

The Government has notified the plastic waste management amendment rules 2021 prohibiting identified single-use plastic items by 2022. Daily Current Affairs Quiz 2021 The manufacturing, import, stocking, distribution, sale and use of several single-use plastics will be prohibited with effect from the 1st of July of next year. The thickness of plastic carry bags will

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Hackers Stole $613 Million in Digital Tokens from Poly Network

Hackers Stole $613 Million in Digital Tokens from Poly Network

Hackers recently pulled off the biggest ever cryptocurrency heist, stealing $613 million in digital coins from token-swapping platform Poly Network, only to return $342 million worth of tokens less than 24 hours later. Daily Current Affairs Quiz 2021 Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing

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Delhi government launched 'faceless' transport services

Delhi government launched ‘faceless’ transport services

The Delhi government recently launched an ambitious “faceless” initiative by locking down four Regional Transport Offices (RTO), the one-stop destination for all transport department services ranging from driving licences to transfer of ownership of vehicles. Daily Current Affairs Quiz 2021 The RTO offices, where crucial transport-related services are offered, had over the years turned into

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The sovereign right to taxation

The sovereign right to taxation

The government of India recently decided to withdraw the retrospective taxation amendment in the I-T Act introduced in March 2012. Daily Current Affairs Quiz 2021 In India, the Constitution gives the government the right to levy taxes on individuals and organisations, but makes it clear that no one has the right to levy or charge

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Indonesian army ends "virginity tests" on female cadets

Indonesian army ends “virginity tests” on female cadets

The Indonesian Army ended the “virginity tests” on female cadets which the World Health Organization determined has “no scientific merit or clinical indication,” involves someone placing their fingers into a cadet’s vagina to supposedly assess whether they have had sex. Daily Current Affairs Quiz 2021 The use of virginity tests by Indonesian security forces was

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The first-ever joint naval exercise between India & Saudi Arabia

The first-ever joint naval exercise between India & Saudi Arabia

India is conducting its first-ever naval exercise with Saudi Arabia called “Al-Mohed Al-Hind”. Daily Current Affairs Quiz 2021 Indian Navy’s guided-missile destroyer INS Kochi reached the Jubail port in Saudi Arabia for the “Al-Mohed Al-Hindi 2021” exercise. The harbour phase of the “Al-Mohed Al-Hindi 2021” exercise began with the sea-based drills taking place subsequently. The

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