Daily Current Affairs Quiz : August 6, 2021

Notes:
Maldives style water villas will soon be set up in Lakshadweep in a bid to attract tourists. Praful Khoda Patel, administrator of Lakshadweep, said that the water villas will be set up at a cost of ₹800 crore. These projects are being backed by Niti Aayog and Union home ministry to develop these remote islands. Under this project, world-class facility would be set up in Suheli, Minicoy and Kadmat islands in Lakshadweep. In all, 370 rooms will be offered across the three islands and these villas would be constructed under public-private partnership model.

Notes:
India’s first indigenous aircraft carrier, INS Vikrant, conducted its maiden sea trials. Trials will be conducted for a long period under all conditions before the carrier is accepted as “proven at sea”. It will be fully operational by the year 2022. Navy will accept this warship and then will conduct aviation trials. Under the aviation trials, landing and take-off of MiG 29K fighter jets would take place. In the maiden trail, Navy conducted the deck landing of Navy’s Sea King helicopters. This 44000-tonne carrier has been designed by Navy’s Directorate of Naval Design at the cost of Rs 23,000 crore. It has been built at state-owned Cochin Shipyard in Kochi, Kerala.

Notes:
The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021. Under the new amendments, bank deposits of up to ₹5 lakh will be covered by the government in case a bank fails. Earlier, deposits of only up to ₹1 lakh were insured.
This Bill also mandates that the Deposit Insurance and Credit Guarantee Corporation (DICGC) must return money owed to depositors within 90 days after the failure of a bank. Deposit insurance offers protection to the deposits of bank customers in case a bank becomes insolvent. The DICGC regularly collects money from banks to fund a corpus that is used to compensate depositors if a bank fails.

Notes:
The Indian men’s hockey team has claimed an Olympic medal after 41 years, beating Germany 5-4 to claim the bronze in the ongoing Olympic Games on 5th August, 2021. The eight-time former gold-winners, who suffered a slump in performance in the last four decades, made the resurgence in the best way possible by bagging an Olympic medal. Determined to clinch a medal, the Indian hockey team made one of the most memorable comebacks in the history of the game, fighting back from a two-goal deficit to turn the match in their favour. It is India’s third hockey bronze medal in the history of the Olympics. The other two came in 1968 Mexico City and the 1972 Munich Games.

Notes:
The Union Cabinet on 4th August, 2021 approved the continuation of the Samagra Shiksha Scheme for school education for another five years. Provision of training of master trainers for Anganwadi workers, incinerator and sanitary pad vending machines in all girls’ hostels, addition of new subjects instead of stream in existing senior secondary schools, holistic progress card for each learner, and upgrade of all Kasturba Gandhi Balika Vidyalayas up to class 12 are among the initiatives in the revised scheme. Samagra Shiksha Scheme covers the school education from preschool to Class 12.