Current Affairs today- August 05, 2021

PM-CARES Fund of ₹5 lakh Insurance- Centre to give ₹5 lakh insurance to kids orphaned due to Covid-19. The PM-CARES for Children Scheme was launched by PM Modi. It aims to support children who have lost both the parents or legal guardian or adoptive parents or surviving parent to the Covid-19 pandemic during the period starting from March 11, 2020.

First Earthquake warning system- India’s first Earthquake advance warning system will be launched in Uttarakhand. On the line of Mexico, Japan & the U.S… As quake hits, an alert will go out on phones in that areas where seismic waves are expected to reach, giving people time to seek out a safe place.

Insurance Bill passes-Rajya Sabha passes the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill which safeguards the interests of depositors even if a bank is temporarily unable to fulfill its obligations due to restrictions such as a moratorium.

Rajya Sabha passes the Limited Liability Partnership (Amendment) Bill which seeks to encourage the start-up ecosystem.

Parliament passes Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 to facilitate the privatization of a small loss-making airport by clubbing it with a larger airport

Bill for Air Pollution-Lok Sabha passes a bill that seeks to set up a statutory authority with appropriate powers to tackle air pollution in the National Capital Region (NCR) and adjoining areas.

Cabinet approves continuation of Samagra Shiksha Scheme for school education for next 5 years– India-Russia joint military training Exercise INDRA 2021 starts in Volgograd

Chief of Staff of US Army General James C McConville visits India– Indian Air Force Chief Air Chief Marshal R.K.S. Bhadauria visits Israel

Sea trials of India’s first indigenous aircraft carrier (IAC) Vikrant begin; India currently has only one aircraft carrier: INS Vikramaditya

Padma Sachdev, Dogri writer dies at 81; awarded Padma Shri in 2001 and Sahitya Akademi Award in 1971.

CBIC launches Compliance Information Portal (CIP) that provides free access to information on all Customs procedures and regulatory compliance.

Byju’s acquires Bengaluru-based computer vision and AR startup Whodat Tech. Founded by Ganesh and Kaushik Das, Whodat’s AR platform creates immersive experiences that automatically detect users’ environments without using physical markers to overlay 3D content. Byju’s had invested $600,000 in Whodat.

Ola plans to launch an e-scooter- As per the statement of Ola’s founder Bhavish Aggarwal, Ola is likely to launch its electric scooter on August 15, 2021. As per him, scooters are expected to be in 10 colors, also received more than 1,00,000 reservations on the first day of pre-bookings.

Six Airbags in Car- As per Union road transport minister Nitin Gadkari, urged car manufacturers to provide six airbags, including for rear passengers in all variants irrespective of their cost and class.

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