The National Monetisation Pipeline will be launched by Finance Minister Nirmala Sitharaman on August 23. The pipeline comprises a four-year plan for monetizing the central government's existing brownfield infrastructure assets. It aims to serve as a roadmap for the asset monetization initiative and provide visibility to investors. A book detailing the pipeline will also be released during the launch event.

1. CURRENT AFFAIRS
22 AUGUST 2021
Dr.A.PRABAHARAN
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2.  The National Monetisation Pipeline comprises a four-year pipeline
of the Central Government's brownfield infrastructure assets.
 NITIAayog issued a statement that read, "the National
Monetisation Pipeline will serve as a medium-term roadmap for
the Asset Monetisation initiative of Centre, besides providing
visibility to the investors."
 A National Monetisation Pipeline book will also be released on the
occasion in the presence ofVice Chairman of NITI Aayog Dr Rajiv
Kumar and NITIAayog CEOAmitabh Kant, and secretaries of
relevant line ministries whose assets constitute the monetisation
pipeline.
 The central government had paid a lot of emphasis on Asset
Monetisation in the Union Budget 2021-22 to raise innovative and
alternative financing for infrastructure and included a number of
key announcements.
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FM Nirmala Sitharaman to launch National Monetisation
Pipeline on August 23

3. FORMER UP CM KALYAN SINGH PASSES
AWAY AT 89;
 Former Chief Minister of Uttar Pradesh Kalyan Singh passed away on August
22, 2021 after a prolonged illness. He was 89.
 The senior BJP leader was admitted to Sanjay Gandhi Post Graduate Institute
of Medical Sciences in Lucknow on July 4, 2021 following a deterioration in his
health condition.
 •Kalyan Singh was a senior leader of the Bharatiya Janata Party (BJP).
 •He had served as theChief Minister of Uttar Pradesh twice from June 1991 –
December 1992 and then from September 1997 – November 1999.
 •He had also served as the Member of Parliament for Lok Sabha from 2009 to
2014 from Etah constituency in Uttar Pradesh.
 •He then served as theGovernor of Himachal Pradesh & Rajasthan
 •He was serving as theChief Minister of Uttar Pradesh when the Babri Masjid
was demolished in December 1992. He had resigned from the post after the
demolition.
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India’s Highest Herbal Park inaugurated near Indo-
China border
India’s highest herbal park, at a height of 11,000 feet, was
inaugurated near Indo-China border at Mana village in
Chamoli district of Uttarakhand. Aim of the high-altitude
herbal park
This high-altitude herbal park was inaugurated with the aim
of conserving various medicinally and culturally important
alpine species and to conduct research on propagation and
habitat .

5. INDIA-RUSSIA DEALSTO PROCURE AK-103
RIFLES
 India and Russia have signed a deal
to immediately procure AK-103
Rifles
 This deal was inked as a part of
mega infantry modernisation
programme.
 Under this programme, India is
procuring a number of AK-103 series
of assault rifle from Russia for the
Indian Army. Deal was finalised
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6. CHINA PASSES NEW ONLINE PRIVACY LAW
 China passed a new Online Privacy Law on
with the aim of preventing businesses from
collecting any sensitive personal data.
 Background New law was passed in the
backdrop of China facing an uptick in
internet scams.
 Companies like ride hailing giant Didi and
gaming behemothTencent in regulators
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