Read Current Affairs of 9 August 2024

Current Affairs of 9 August 2024
National Affairs:
1. Indian Army Conducts 'Parvat Prahaar' Exercise in Ladakh: The Indian Army undertook the 'Parvat Prahaar' exercise in Ladakh, focusing on high-altitude warfare near the India-China border. This large-scale drill, involving tanks, UAVs, and newly acquired weapons, aimed to validate new warfighting strategies and enhance readiness in the region.
2. RBI to Establish Digital Lending App Repository: The Reserve Bank of India (RBI) announced plans to create a public repository for digital lending apps (DLAs) associated with regulated entities like banks and NBFCs. This initiative is intended to improve transparency and allow customers to verify the legitimacy of these apps.
3. International Affairs:
1. World Bank's World Development Report 2024: The World Bank's latest report suggests that India may take up to 75 years to reach a quarter of the United States' per capita GDP. The report highlights the "middle-income trap," a challenge that many countries, including India, face in transitioning to high-income status.
Science & Technology:
1. IIT Indore Develops E-Shoes with Real-Time Location Tracking: In collaboration with the DRDO, IIT Indore has developed energy-harvesting e-shoes that can track locations in real-time using GPS. These shoes have potential applications for both military and civilian use, including monitoring the elderly and enhancing workplace safety.
These Current Affairs updates provide a snapshot of key events in India and globally as of August 9, 2024.