Current Affairs 08/01/21

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Current Affairs consist of two words. ‘Current’ means ‘recent or day to day’ and ‘Affairs’ means ‘events or issues’. It is important to know what is going on around the world, so we provide a dose of general knowledge on daily basis. We try to keep you updated with the current affairs of 08/01/21 that will inform you about the recent happenings in the world. Owing to its importance and dynamic nature, current affairs is a section that is present in every competitive exam. So, we provide information from all the fields whether it is economy and business, nation and politics, sports and books, or world news.

This section also provides important information regarding education including the notifications of SSC, NDA, UPSC, etc. Reading daily current affairs will help aspirants gaining more knowledge as exams conducted for jobs and interviews also contain questions on general awareness.

Business and Economy- Current Affairs 08/01/21

RBI penalizes Bajaj Finance for unfair practices

The Reserve Bank of India (RBI) has imposed a fine of Rs 2.50 crores on Bajaj Finance for violating RBI’s directions on ‘Fair Practices Code (FPC) and outsourcing of financial services by a Non-Banking Financial Company (NBFC)’, in other words the NBFC failed to prove that its recovery agents did not commit harassment or intimidation of customers while collecting dues.

Digital Payments Index introduced by RBI

The Reserve Bank of India (RBI) has come up with a Digital Payments Index (DPI) to measure the extent of digital payments across India. The five parameters that the central bank mentioned to enable measurement of penetration of digital payments include payment enablers, payment infrastructure – demand-side and supply-side factors, payment performance, and consumer centricity.

Vietnamese buy rice from India amidst hike in local prices

Vietnam has started importing rice from India for the first time in decades. The prices of Vietnamese rice grain is highest in nine years now. In terms of world’s largest exporter of rice, India stands at first position and Vietnam at third.

Nation and Politics- Current Affairs 08/01/21

India and Israel successfully tested air defense system MSRAM

India in collaboration with Israel successfully tested the air defense system MSRAM at a test range in India. A joint venture between India’s DRDO and Israel’s IAI, the air and missile defense system is used by all three wings of Indian Army, and Israel Defense Forces. Medium-Range Surface-to-Air Missile (MRSAM) is a cutting-edge air and missile defense system providing ultimate protection against several aerial platforms.

First of its kind portal launched to promote Indian Railways’ freight business

Railways Minister Piyush Goyal inaugurated first of its kind development portal on 5 January 2021. The portal is launched to promote freight business of Indian Railways. It will act as one-stop, single-window for all the requirements of the customers looking for freight services.

Sports, Arts and Books- Current Affairs 08/01/21

Claire Polosak becomes first woman to officiate in men’s test match

Claire Polosak of Australia has become the first woman to match official in men’s test. She is to take up as the fourth umpire role in the third test of Australia-India series starting at Sydney Cricket Ground.

Iconic fashion designer Satya Paul dies at 79 in Coimbatore

Satya Paul, an iconic fashion designer, passed away at the age of 79 in Coimbatore on January 6. He had suffered a stroke in December last year, and was recovering in a hospital before he was moved to the Isha Yoga Center in Coimbatore.

A book on India’s tours Down Under by R. Kaushik

A book titled ‘India’s 71-Year Test: The Journey to Triumph in Australia’ and one which reflects on India’s previous 12 tours Down Under, was launched. The book, a Bradman Museum initiative, is authored by senior cricket scribe R. Kaushik, and it chronicles a rivalry that has given a fillip to Test cricket.

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