Johnson & Johnson's single-dose COVID-19 vaccine has been approved for emergency use in India, making it the fifth approved vaccine in the country. National Handloom Day is celebrated annually on August 7th to honor India's handloom weaving tradition and its contributions to socio-economic development. The Taxation Laws Amendment Bill was passed, seeking to withdraw tax demands made under retrospective legislation regarding indirect transfer of Indian assets. Indian golfer Aditi Ashok narrowly missed a bronze medal after finishing fourth in the women's individual stroke play event at the Tokyo Olympics. Wrestler Bajrang Punia won bronze in the men's 65kg category, taking India's overall medal tally to six and equaling its best performance

1. CURRENT AFFAIRS
7 AUGUST 2021
DR.A.PRABAHARAN
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2. COVID-19 VACCINE: JOHNSON & JOHNSON'S SINGLE DOSE VACCINE
APPROVED IN INDIA FOR EMERGENCY USE
 Johnson & Johnson single-dose
vaccine has been approved in India.
 With this, India now has 5 approved
COVID-19 vaccines- COVAXIN,
Covishield, Sputnik V, Johnson &
Johnson, and Moderna.
 Johnson and Johnson’s single-
dose #COVID19 vaccine is given
approval for Emergency Use in India,
tweets Union Health Minister
Mansukh Mandaviya
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3. NATIONAL HANDLOOM DAY: HISTORY, SIGNIFICANCE AND DAY TO
HONOUR INDIA’S RICH HERITAGE OF HANDLOOMS
 National Handloom Day was first observed in 2015 on
August 7 to mark the 100th anniversary of the Swadeshi
Movement, which started in 1905.
 National Handloom Day is celebrated on August 7 every
year in India.
 The Central Government and other organisations, on this
day, honour the handloom weaving community of the
country for their contribution to the socio-economic
development of India.
 National Handloom Day commemorates the Swadeshi
Movement and celebrates the country’s colorful weaves
and rich fabrics.
 As this year India will mark 7th National Handloom Day, the
day will be dedicated to raise awareness among the public
and increasing the contribution towards the weavers of the
country.
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4.  Taxation Laws (Amendment) Bill, 2021 seeks to
withdraw tax demands made under the 2012
retrospective legislation to tax the indirect
transfer of Indian assets
 •The bill proposes that any demand raised for
indirect transfer of Indian assets made before
May 28, 2012 shall be nullified on fulfilment of
specified conditions such as withdrawal or
furnishing of undertaking for withdrawal of
pending litigation and furnishing of an
undertaking to the effect that no claim for cost,
damages, interest shall be filed.
 •The bill proposes to refund the amount paid in
these cases without any interest.
 •It also proposes to amend the Finance Act, 2012
to provide that the validation of demand under
section 119 of the Finance Act, 2012 shall cease
to apply on fulfilment of specified conditions.
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Lok Sabha passes Taxation Laws (Amendment) Bill, to
withdraw retrospective tax demand provision

5. INDIA AT TOKYO OLYMPICS 2020, AUG 6 HIGHLIGHTS: ADITI ASHOK
FINISHES FOURTH, NARROWLY MISSES BRONZE
 Aditi Ashok not only made a strong
comeback from her 41st place finish
in Rio Olympics but also created a
historic moment, as no other Indian
golfer has ever achieved this before.
 Though she missed the bronze, her
performance will be remembered
for a long time to come.
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6. BAJRANG PUNIA CLINCHES BRONZE, INDIA EQUALS BEST-EVER
OLYMPIC MEDAL TALLY
 Bajrang Punia has clinched the bronze medal in men's wrestling
freestyle 65kg at Tokyo Olympics 2020 on August 7, 2021. This
is historic as this is India's sixth medal at Tokyo Olympics 2020.
 India has equaled its best-ever medal tally at Olympic Games,
as previously it had won six medals, including two silver and
four bronze at the 2012 London Olympics.
 Bajrang Punia has become the sixth wrestler in Indian history to
win an Olympic medal. Punia is the top-ranked wrestler in his
weight category.
 This is India's fourth medal at the Tokyo Olympics including one
from the Indian men's hockey team, Lovlina Borgohain in
boxing and PV Sindhu's bronze in badminton.
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7. NEERAJ CHOPRA CLINCHES GOLD, BECOMES FIRST-EVER INDIAN
ATHLETE TO WIN GOLD AT OLYMPIC GAMES
 Neeraj Chopra became the first-ever Indian athlete to win individual gold at
the Olympic Games on August 7, 2021. He is the second Indian-ever to win an
individual gold after Abhinav Bindra, who won gold in Men's 10m air rifle in
shooting in 2008 Olympic Games.
 Neeraj Chopra won India's first gold medal at Tokyo Olympics with a throw of
87.58m, finishing at the top of the table. This is a historic achievement, as it is
the 22-year-old's first-ever Olympic Games.
 Neeraj Chopra's gold medal has taken India's medal tally at Tokyo Olympics
2020 to seven, which is India's highest-ever medal haul at the Olympics after
the 2012 London Olympic Games.
 India's previous-best medal tally was six medals at the 2012 London Olympic
Games, which included two silver and four bronze medals.

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