Current Affairs for BANK, IBPS Exams - 13 August 2021

::NATIONAL::

Prime Minister ShriNarendraModi will participate in ‘AtmanirbharNarishakti se Samvad’ and interact with women Self Help Group (SHG) members/community resource persons promoted under the DeendayalAntyodayaYojana-National Rural Livelihoods Mission (DAY-NRLM) on 12th August 2021 at 12:30 PM via video conferencing. During the event, a compendium of success stories of women SHG members from all across the country, along with a handbook on universalization of farm livelihoods will also be released by the Prime Minister.
Prime Minister will also release capitalization support funds to the tune of Rs. 1625 Crore to over 4 lakh SHGs.
In addition, he will release Rs. 25 crore as seed money for 7500 SHG members under the PMFME (PM Formalisation of Micro Food Processing Enterprises) Scheme of Ministry of Food Processing Industries and Rs. 4.13 crore as funds to 75 FPOs (Farmer Producer Organizations) being promoted under the Mission.

The International Youth Day is celebrated and observed every year on 12 August across the world. The day is marked for giving new initiatives and action taken by the youth. Also, on this day, the government and citizens come together to bring attention to the problems faced by the younger generation.
Amid the ongoing coronavirus pandemic this year, the day is being celebrated with events and competitions where youth will be engaged in meaningful debates, talks, and discussion about the future and coming days.
International Youth Day was first celebrated in the year 1999, by the United Nations. The special day was marked on a recommendation made by the World Conference of Ministers Responsible for Youth in Lisbon to the UN General Assembly. Since then, the day is celebrated across the world via various campaigns, events, and community concerts to convey the socio-economic and socio-political issues that youth face.

ndia’s retail inflation eased to 5.59 per cent in July, according to official data released by the government. Retail inflation dipped due to falling food prices and easing supply chain disruptions.
Retail inflation, measured by the consumer price index (CPI), has dipped below 6 per cent for the first time in two months. The retail inflation recorded in June was 6.26 per cent.
The data indicates that retail inflation is back within the Reserve Bank of India's (RBI) target range of 2-6 per cent. An earlier poll of economists, conducted by news agency Reuters, pegged the retail inflation at 5.78 per cent.
Lower retail inflation will provide some breathing room to RBI as it decided to maintain an accommodative stance in its latest monetary policy review. While retail inflation eased in July, experts are worried about the future inflation trajectory, given the high fuel prices and inputs costs.
Commenting on the July retail inflation data, RadhikaRao, DBS Bank economist, said, "July inflation eased to 5.6% y/y, matching our forecast. Core inflation was also slightly lower at 5.9% vs 6.1% in June.

After the October 2020 failed test, the Defence Research and Development Organisation (DRDO) on Wednesday fired the 1,000-km range Nirbhay cruise missile from Chandipur testing facility in Odisha. The sub-sonic cruise missile was fired at 9:55am and was tested for 100 km in flight and 15 minutes in time.
The firing was a partial success. According to DRDO sources, the indigenous engine was successfully tested but the delivery platform came down due to inexplicable reasons. "Maybe a snag in the controller, but the engine worked well. Next test firing will be done in mission mode before user trial for air force and navy," said an official.
This was the first successful test-firing with the indigenous booster engine after the previous one had to be aborted after eight minutes flying time.
Nirbhay is a subsonic missile, flying at a speed of 0.7 to 0.9 Mach, with sea-skimming and terrain-hugging capability that helps the missile stay under enemy radar to avoid detection. It is a two-stage missile with first stage using solid fuel and the second using liquid fuel. It carries a convention warhead of 300 kilograms weight and can hit targets upto 1500 km range. The missile is capable of flying between 50 metres to four km from ground and pick up the target before engaging and destroying it.

Bangladesh all-rounder Shakib Al Hasan and West Indies captain Stephanie Taylor were on Wednesday named the International Cricket Council’s (ICC) Player of the Month in the men’s and women’s categories in all three formats of the game, respectively. Bangladesh won the series against Zimbabwe last month with Shakib’s contribution. Shakib scored an unbeaten 96 during Bangladesh’s three-wicket win over Zimbabwe in the second ODI at Harare Sports Club.
Shakib took three wickets in T20 Internationals. Bangladesh also won the T20 series against Zimbabwe. He has also become the world’s number one all-rounder in the ICC Men’s T20 Rankings. Shakib beat Australia’s Mitchell Marsh and West Indies’ Hayden Walsh Jr in the race for the best player of July.