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Daily Current Affairs  – 25 August 2021

    Facts in News
    Indian Economy Ubharte Sitaare Fund   Syllabus: GS3/Indian Economy & Related Issues Recently, the Union finance minister launched the Ubharte Sitaare Fund (USF) for export-oriented small and mid-sized companies and startups in Lucknow.  Background  The fund was announced during a Budget speech in 2020 in the backdrop of constraints faced by small and mid-sized companies […]
    Delimitation Commission for J&K
    In Context  The discrepancy between the Union Government’s order for setting up the Delimitation Commission and the J&K Reorganisation Act could impact the redrawing of Assembly seats in the state. Major Points  The J&K Reorganisation Act, 2019, under Section 60(1), entrusts the Election Commission (EC) with delimiting seven additional seats for the 83-member J&K Assembly, […]
    Drought Conditions in India
    In News The Drought Early Warning System (DEWS) released data for  Drought-like conditions in India.  About  As per data over a fifth of India’s land area (21.06 per cent) is facing drought-like conditions. This is 62 per cent more than the area under drought during the same period last year, which was 7.86 per cent.  […]
    Hampi Site
    In News Recently, the Vice-president of India visited monuments at the UNESCO World Heritage Site of Hampi in Vijayanagara district, Karnataka. Key Points About: It is a UNESCO World Heritage Site and is also called the “World’s Largest Open-air Museum”. It served as the capital of the Vijayanagar Empire. It is also known as Pampa […]
    Urban Co-operative Banks (UCBs)
    In News Recently, the committee headed by former RBI Deputy Governor NS Vishwanathan has proposed setting up an umbrella organisation to oversee co-operative banks. Key Findings of the Panel Mandatory Merger:  The RBI should not hesitate to use the route of mandatory merger to resolve Urban Cooperative Banks (UCBs) that do not meet the prudential […]
    S­400 Air Defence Deal
    In News The delivery schedule for the S-400 long range air defence systems is on track for the end of 2021 despite the COVID-19 pandemic. About S 400 Triumf The S-400 Triumf, previously known as the S-300PMU-3, is an anti-aircraft weapon system developed in the 1990s by Russia’s Almaz Central Design Bureau as an upgrade […]