Friday, August 6, 2021

Daily Current Affairs 4th August, 2021

Daily Current Affairs 4 August 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Manipur's Chandel Tops List of Aspirational Districts in June: Niti Aayog
Chandel district in Manipur has topped the list of aspirational districts ranked by government think tank Niti Aayog FOR for the month of June.
  • Sahibganj (Jharkhand) and Firozpur (Punjab) have been ranked at the second and third positions, respectively, Niti Aayog said.
  • Dhubri (Assam) and Kiphire (Nagaland) are at the fourth and fifth places, respectively. The delta rankings took into account incremental progress made by over 112 aspirational districts across six developmental areas in June 2021.
Karnataka becomes the first state in India to provide reservation for transgenders in all government services
Karnataka has become the first state in the country to provide one per cent reservation for the 'transgender' community in all the government services.
  •  The government submitted a report to the High Court in this regard informing that a notification had already been issued after amending the Karnataka Civil Service (General Recruitment) Rule, 1977.
  • In case of non-availability of transgender candidates, the job could be given to male or female from the same category, the notification notes.
Ministry of S&T Allocated Over Rs 1,600 Cr for Covid-related Research, Product Development
The Ministry of Science and Technology has allocated over Rs 1,600 crore for COVID-19 related research and product development, the government informed Rajya Sabha.
  • The Department of Biotechnology (DBT) and its public sector undertaking Biotechnology Industry Research Assistance Council (BIRAC) have allocated approximately Rs 1,300 crore for COVID-19 related research and product development, Science and Technology Minister Jitendra Singh said.
  • Under the COVID-19 research consortium, as a part of the comprehensive efforts to facilitate development of indigenous research solutions to tackle COVID-19, 107 projects were supported in thematic areas of vaccines (17), diagnostics (45), therapeutics (22) and biomedical interventions (23). To advance biomedical research, the DBT has supported five COVID-19 biorepositories.
Meghalaya signs MoU with Invest India to boost trade 
Meghalaya State Investment Promotion Society (MSIP) signed an MoU with Invest India of the Ministry of Commerce and Industry to boost trade and industries in the state.
  • The objective of the MoU is to leverage investment opportunities in key development sectors to boost trade and industries in the state.
  • The targets will be focussed on both short term and long term plans. This will enhance the entrepreneurial system in the state while also focussing on promoting one product-one district programme.
Centre to implement Deep Ocean Mission at total budget of Rs 4,077 crore for 5 years
The government will implement the Deep Ocean Mission at a total budget of over 4,077 crore rupees for five years. All the components of the Mission will commence in 2021.
  • This information was given in a written reply in the Rajya Sabha by the Earth Sciences Minister Dr. Jitendra Singh.
  • The Minister said a manned submersible to be developed carrying three people to a depth of six thousand metres in the ocean for exploration of deep-sea mineral resources and marine biodiversity.
NITI Aayog and RMI release report on power distribution sector
NITI Aayog released a report which presents reform pathways to transform the country’s power distribution sector. The report, titled ‘Turning Around the Power Distribution Sector’, is co-authored by NITI Aayog, RMI and RMI India.
  • The report presents a review of reform efforts in the Indian and global power distribution sector. ‘NITI Aayog Vice Chairman Dr Rajiv Kumar said that the report examines many important reforms such as the role of the private sector in distribution, power procurement, regulatory oversight, integration of renewable energy, and upgradation of infrastructure.
  • NITI Aayog Member Dr V.K. Saraswat said that this report presents policymakers with a menu of reform options to put the distribution sector on the track of efficiency and profitability. He said that NITI Aayog will partner with some of the states to take these reforms forward.
Haryana creates history, secures first place in CCTNS, score 100%
Haryana creates history, secures first place in CCTNS, score 100% Haryana Home Minister Anil Vij said that the state has secured first position in the country in Crime and Criminal Tracking Network and System (CCTNS) system with 100 percent score.
  • It is for the first time that Haryana Police has secured the first position in the country with 100 percent marks under this system, while Gujarat has secured the second position with 99.9 per cent marks and Himachal Pradesh has got the third position with 99.6 per cent marks.

INTERNATIONAL NEWS

Mumbai, Bengaluru lose top-100 spots in QS Best Student Cities Ranking
Mumbai and Bengaluru are out of the global top-100 list and are currently ranking at 106 and 110, respectively in the latest edition of the QS Best Student Cities Ranking.While Mumbai lost 29 places, Bengaluru fell by 21 places in the ninth edition of the rankings brought out by global higher education analysts QS Quacquarelli Symonds.
  • However, among the different metrics as part of the methodology, Mumbai gained 27 places in the 'Affordability' indicator to rank at 21st globally. On the other hand, despite losing three places in the same indicator, Bengaluru was placed seventh globally in the affordability metric.
  • London retain its status as the world’s best student city for the third consecutive edition. It is followed by Munich, which rises from 4th to 2nd. Seoul, which jumps from 10th to joint-3rd, shares the bronze-medal position with Olympic hosts Tokyo.
  • Among other leading cities globally in the rankings, Boston is the only new entrant into the top ten, rising from 13th to joint-9th, sharing its position with Paris and Montreal.  Germany and Australia are the only locations to have two of the world’s ten best student cities each, whereas Switzerland’s Lausanne enjoys a noteworthy debut in the rankings, placing 19th.
Germany becomes 5th country to sign International Solar Alliance Framework Agreement
Germany became the 5th country to sign International Solar Alliance Framework Agreement after amendments to it entered into force on 8th January this year, opening its Membership to all Member States of the United Nations.
  • Ambassador of Germany to India Walter J. Lindner deposited signed copies of International Solar Alliance Framework Agreement with Ministry of External Affairs, the depositary of Agreement. Signed copies of International Solar Alliance Framework Agreement were handed over to Additional Secretary (Economic Relations) in Ministry of External Affairs.

BANKING & FINANCE

SBI reports 55% jump in first quarter net profit of Rs 6,504 crore
Country’s largest lender, State Bank of India, SBI, reported a 55 per cent jump in its first quarter net profit of 6,504 crore rupees in comparison to the same quarter last year.
  • SBI’s net interest income in the quarter rose 3.7 percent to 26,642 crore rupees, while other income soared 48.5 percent to 11,802.7 crore rupees.

SPORTS

Sports Minister Anurag Thakur launches theme song for Tokyo Paralympics
Sports Minister Anurag Thakur launched the theme song for Tokyo Paralympics in New Delhi.
  • Mr Thakur said, Indian para-athletes have performed consistently in the International para-sports competitions and brought laurels for the country.
  • The Sports Minister said, biggest ever Indian contingent of 54 para-athletes will participate in the Tokyo Paralympics in nine disciplines and they will give their optimum best.

APPOINTMENTS

Mini Ipe takes charge as Managing Director of IPO-bound LIC
Mini Ipe has taken charge as Managing Director of the IPO-bound Life Insurance Corporation of India (LIC). She was appointed as managing director vide the Government of India notification dated 5 July 2021.
  • She is a postgraduate in Commerce from Andhra University and in 1986, She became part of LIC as a direct recruit officer.Along with it, she has served as Executive Director (International Operations), Director & CEO of LICHFL Financial Services Ltd.
  • Ipe was the first (1st) woman zonal manager (In-charge) of LIC and headed the Hyderabad zone.

AWARDS

Pak climber becomes world's youngest mountaineer to scale K2
A 19-year old Pakistani climber became the youngest person in the world to reach the summit of K2, the second-highest peak in the world.
  • Mr. Shehroze Kashif from Lahore achieved the feat of scaling the 8,611-metre high peak with the aid of bottled oxygen.
  • Mr. Kashif also scaled the world's 12th-highest mountain, the 8,047-meter Broad Peak, at the age of 17. In May this year, he became the youngest Pakistani to scale Mount Everest.
West Bengal receives four SKOCH awards for its schemes under Ease of Doing Business initiative
The Government of West Bengal has received four SKOCH awards for its schemes under the Ease of Doing Business initiative.
  • The State scheme ‘Silpasathi’-the online single window portal won the platinum award while the Auto Renewal of Certificate of Enlistment through online system for urban areas has received the gold award.
  • Online issuance of trade licences in rural areas and the E-Nathikaran: the online system for registration, preparation and submission of deeds have won two silver awards.
Indian-origin Entrepreneur Ajay Dilwari Honoured with Order of British Columbia in Canada
Leading Indian-origin entrepreneur Ajay Dilwari has been honoured with Canada's prestigious Order of British Columbia award, the province's highest form of recognition.
  •  Dilwari, the owner of Canada's largest automotive group , Dilawri Group  is among 16 exceptional people to be appointed to the Order of British Columbia.
DBS clinches global accolade for innovation in digital banking
DBS has been honoured as the global winner for Most Innovative in Digital Banking by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards.
  • The bank was also recognised as the Asia-Pacific winner, and won in the Cyber Security category for its Secure Access and Remote Working Solution.
  • The Banker’s Innovation in Digital Banking Awards recognise the most innovative banks across the world for their digital banking initiatives, strategy, and overall commitment to digital transformation. These awards, now in their second year, are the evolution of The Banker’s Technology Projects of the Year Awards.

SCIENCE & TECHNOLOGY

Commencement of sea trials of Indigenous Aircraft Carrier ‘Vikrant’
Indigenous Aircraft Carrier (IAC) ‘Vikrant’ designed by Indian Navy’s Directorate of Naval Design(DND) is being built at Cochin Shipyard Limited(CSL), a Public Sector Shipyard under Ministry of Shipping (MoS).
  • The Indigenous Aircraft Carrier is 262 m long, 62 m at the widest part and height of 59 m including the superstructure. There are 14 decks in all, including five in the superstructure. The ship has over 2,300 compartments, designed for a crew of around 1700 people, including specialised cabins to accommodate women officers.
  • The ship has been designed with a very high degree of automation for machinery operation, ship navigation and survivability, ‘Vikrant’ has a top speed of around 28 knots and cruising speed of 18 knots with an endurance of about 7,500 nautical miles. The ship can accommodate an assortment of fixed wing and rotary aircraft.
WhatsApp launches its ‘View Once’ disappearing photos and videos
Messaging app WhatsApp has rolled out a new feature called 'View Once' this week. A photo or a video immediately will be deleted from the chat once opened by the recipient through WhatsApp's 'View once' feature.
  • The message will be shown as "opened" once the media content has been viewed.
  • The recipient will also be able to see that it is a 'view ones' photo/video, so this new feature one would want to use for people you trust to not take a screenshot.
World's first commercial fully re-programmable satellite lifts off by ESA
Eutelsat Quantum, the world's first commercial fully re-programmable satellite lifted off from French Guiana on board an Ariane 5 rocket, with the hope of a new era of more flexible communications.
  •  Eutelsat Quantum, developed under an ESA partnership project with satellite operator Eutelsat and prime manufacturer Airbus, is the first commercial fully flexible software-defined satellite in the world.
  • The mass of the satellite at launch is 3.5 tonnes and its design lifetime is 15 years.The satellite will provide communications on the move with dynamic beam shaping and vessel-tracking capabilities, optimised for power and throughput as required by maritime, aeronautical and land-based transportation.

BOOKS & AUTHORS 

"Leopard Diaries: The Rosette in India" book by Sanjay Gubbi
The book titled "Leopard Diaries: The Rosette in India" book written by Wildlife Biologist Sanjay Gubbi has been released recently.
  • In this book, he says about the food habits, ecological context, and conservation of Leopard along with the suggestions to overcome leopard–human conflict.

IMPORTANT DAYS

World Lung Cancer Day
World Lung Cancer Day is observed on August 1 to raise awareness about the causes and treatment of lung cancer and to highlight the issues that a lack of sufficient research funding can create.
  • The main purpose of the day is to sensitise people about the habits and the factors that can lead to lung cancer.

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Tuesday, August 3, 2021

GA Revision for SBI Clerk and Other Exams -999

  1. Who has been selected Oxford Student Union President In Byelection?
    A) Diksha Kandpal
    B) Shivani Arora
    C) Anvee Bhutani
    D) Himani Chilkoti



  2. Promissory notes is defined under which section of Negotiable Instruments Act 1881?
    A) Section 4
    B) Section 5
    C) Section 6
    D) Section 7



  3. How much amount will be divided in next 4 years for providing seed funding to eligible startup under Startup India Seed Fund Scheme?
    A) ₹554 cr
    B) ₹945 cr
    C) ₹800 cr
    D) ₹565 cr



  4. What is the tagline of Axis Bank?
    A) Sapna ka Safar
    B) Aao Sochein Bada
    C) Badhti ka naam Zindagi
    D) India’s International Bank



  5. Which organisation launched an Audio-Visual Guide App on the occasion of International Museum Day?
    A) National Museum Association
    B) National Gallery of Modern Art
    C) Niti Aayog
    D) Ministry of Culture



  6. The ministry of Tourism signed MoU with cleartrip and which other company to strengthen hospitality and tourism industry?
    A) AmazonFly
    B) Makemytrip
    C) Goibibo
    D) Easemytrip



  7. Which Indian Navy destroyer was decommissioned at Naval Dockyard, Visakhapatnam after serving the nation for 41 glorious years?
    A) INS Aag
    B) INS Sahadri
    C) INS Rajput
    D) INS Vikramaditya



  8. When was National Payments Corporation of India founded?
    A) 2006
    B) 2005
    C) 2007
    D) 2008



  9. What is the metric that measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately known as?
    A) Acid test ratio
    B) Current ratio
    C) Overtrading
    D) Cash conversion cycle



  10. Which country hold the UN Food Systems Summit Dialogue 2021?
    A) USA
    B) France
    C) China
    D) India



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Daily Current Affairs 3rd August, 2021

Daily Current Affairs 3 August 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Govt has allocated over Rs 756 crore under FAME scheme till June his year
Government has allocated over 756 crore rupees under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, FAME scheme till June this year.
  • The main objective of the scheme is to encourage Faster adoption of Electric and hybrid vehicle by way of offering upfront incentive on purchase of Electric vehicles and establishing a necessary charging Infrastructure for electric vehicles.
  • The scheme, launched in 2015, is aimed at addressing the issue of environmental pollution and fuel security.
Bhubaneswar becomes first city in country to achieve 100% vaccination against covid-19
Odisha capital Bhubaneswar has become the first city in India to achieve hundred percent vaccination of its people against covid-19.
  • Additionally, about one lakh migrant workers have also been administered the first dose of covid vaccine in the capital city.
  • The Bhubaneswar Municipal Corporation had set benchmarks for different categories of people to complete the vaccination process within the specific timelines by the 31st July last.

INTERNATIONAL NEWS

Indian and Chinese Armies establish hotline for Sikkim sector
A hotline was established between Indian Army at Kongra La in North Sikkim and People's Liberation Army of China at Khamba Dzong in Tibetan Autonomous Region.
  • This will further the spirit of trust and cordial relations along the borders. The event coincided with the PLA Day.
  • These hotlines in various sectors will go a long way in enhancing the same and maintaining peace and tranquility at the borders.

BANKING & FINANCE

IndusInd Bank gets empanelled as Agency Bank to RBI
IndusInd Bank said it has been empanelled by the Reserve Bank of India (RBI) to act as an 'Agency Bank' to facilitate transactions related to government businesses.
  • It will strengthen the bank's presence within the government domain, IndusInd Bank said.
  • The announcement comes close on the heels of a recent RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.
SBI launches new & enhanced security feature – ‘SIM Binding’ in YONO & YONO Lite app
To safeguard the interest of its customers, Country’s largest lender State Bank of India (SBI) has launched a new and enhanced security feature – ‘SIM Binding’ in YONO and YONO Lite app.
  • The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have the SIM Card of mobile numbers registered with the Bank.
  • To get access to the new version of YONO and YONO Lite, users will have to their mobile app and complete the one-time registration process on these Apps. The registration process verifies the SIM of the Registered Mobile Number (RMN) with the bank in order to complete the registration. Customers will have to ensure that they register with the device which has the SIM of the registered contact number.
Indian Bank signs MoU with IIT Bombay for extending exclusive credit facility to Start-ups and MSMEs
Indian Bank entered into a Memorandum of Understanding with Society for Innovation and Entrepreneurship (SINE) – an initiative of Indian Institute of Technology, Bombay – for extending exclusive credit facility to Start-ups and MSMEs.
  • The Bank will extend loans of up to 50 crore rupees to these start-ups for their working capital requirements or purchase of machinery and equipment.
  • As the name goes, this initiative, which is mutually beneficial for both Bank and IIT, Bombay, will be the spring board for start-ups to realise their ambitions.

BUSINESS & ECONOMY

India's services exports at USD 19.72 billion in June: RBI data
India''s services exports increased 24.1 per cent month-on-month to USD 19.72 billion in June 2021, the Reserve Bank of India said.
  • The exports stood at USD 17.35 billion in May and USD 17.54 billion in April.The RBI further said imports in June were valued at USD 11.14 billion, up 24.8 per cent on sequential basis.
  • The imports stood at USD 10.23 billion in May and USD 9.89 billion in the previous month.

APPOINTMENTS

Myanmar army chief appoints himself Prime Minister, promises election by 2023
The State Administration Council of Myanmar has been reformed as ‘Caretaker government of Myanmar’ headed by the Chief of the Myanmar military Senior General Min Aung Hlaing as the Prime Minister.
  • In a televised speech Gen. Hlaing also pledged to hold elections by 2023. He said that his administration was ready to work with a future regional envoy appointed by the ASEAN on Myanmar.
  • General Hlaing took over power in Myanmar in February after removing the government headed by the State Counsellor Aung San Suu Kyi on February 1, a day before the newly elected parliament was set to meet.
Nikol Pashinyan re-appointed as Armenian PM
Nikol Pashinyan has been re-appointed as the prime minister of Armenia by President Armen Sarkissian.
  •  Pashinyan, the leader of the Civil Contract Party, won the majority of seats in parliamentary elections in June 2021. The 46-year-old Pashinyan was first appointed as the prime minister in 2018.

AWARDS

Chitkara University recognised as District Green Champion by Government of India In a major feat, Chitkara University, Patiala, has been recognised as the ‘District Green Champion’ for the academic year 2020-21 by the Mahatma Gandhi National Council of Rural Education (MGNCRE), Ministry of Education, Government of India.
  • The award was presented to the varsity’s pro-chancellor, Madhu Chitkara, in the presence of Patiala deputy commissioner Kumar Amit.
  • This award is given to colleges that have actively participated in keeping their campuses clean, sanitised, and are in line with the ‘Swachh Bharat’ programme

SCIENCE & TECHNOLOGY 

IIT Madras launches India’s first consortium for Virtual Reality
Indian Institute of Technology Madras has launched the country's first Consortium for Virtual Reality called 'Consortium for VR/AR/MR Engineering Mission in India' (CAVE). As a group of academia, industries, start-ups, and Government bodies, this consortium is being coordinated by IIT Madras.
  • The main objective of this consortium is to enable members to create new advanced technologies and applications in Virtual Reality, Augmented Reality, Mixed Reality (XR) and haptics together. Their research collaboration would be undertaken with industrial sponsors and participants from industry, academia, and Government.
  • The consortium will promote best practices, dialogue with all stakeholders, government policymakers, and research institutions. It aims to become a resource for industry, academia, consumers, and policymakers interested in virtual, augmented, and mixed reality

OBITUARIES

Film critic Rashid Irani passes away
Eminent film critic Rashid Irani, a much-loved figure in the cinema circles of the city, was found dead at his residence here. He was 74.
  • Irani, who had contributed several articles in national dailies like Times of India, Hindustan Times and the website Scroll.in, was "one of the pillars of the Mumbai Press Club Film Society.
Veteran Odisha Politician Arun Dey passes away 
Trade union leader, activist and five-time MLA of Odisha, Arun Dey, passed away at the age of 75 at a private hospital in Bhubaneswar.
  • He was elected to the Assembly in 1980 and 1990 from Balasore. In 1995 he contested as an independent candidate and won it. In 2004 he was again elected on behalf of the Odisha Gana Parishad.
  • Dey had contested the assembly election from Balasore in 2014 on Congress ticket. However, he lost to the Biju Janata Dal’s Jiban Pradip Das. The veteran leader joined the BJD headed by Chief Minister Patnaik ahead of the 2019 elections.

BOOKS & AUTHORS

Kunal Basu's new book 'In An Ideal World' out in 2022
Renowned writer Kunal Basu's new novel titled 'In An Ideal World' is expected to release in early 2022, publisher Penguin Random House India announced recently.
  • A literary novel, 'In An Ideal World' explores a variety of themes like — family, college politics, and fanaticism.

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Monday, August 2, 2021

Daily Current Affairs 2nd August, 2021

Daily Current Affairs 2 August 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Cabinet approves DICGC act ensuring Rs 5 lakh for depositors in 90 days
The Union Cabinet cleared changes to the deposit insurance laws to provide funds up to Rs 5 lakh to an account holder within 90 days in the event of a bank coming under the moratorium imposed by the RBI.
  • Earlier, account holders had to wait for years till the liquidation or restructuring of a distressed lender to get their deposits that are insured against default.
  • The government has also permitted raising the deposit insurance premium by 20 per cent immediately, and maximum by 50 per cent. The premium is paid by banks to the DICGC.
  • The Centre plans to introduce the Deposit Insurance & Credit Guarantee Corporation (Amendment) Bill 2021 in the ongoing Monsoon session of Parliament.
Government launches digital tools to improve logistics efficiency, sustainability
The government has launched the Secured Logistics Document Exchange (SLDE) along with a Calculator for Green House Gas Emission to improve ease of doing business, logistics efficiency, reduce logistics cost, and promote multi-modality and sustainability.
  • The SLDE platform is a solution to replace the present manual process of generation, exchange and compliance of logistics documents with a digitized, secure and seamless document exchange system.
  • The GHG Calculator is an efficient, user-friendly tool and provides for calculating and comparing GHG emissions across different modes.

BANKING & FINANCE

RBI's New Rules on Interchange Fee, 24/7 Bulk Clearing Facility Functional
The Reserve Bank of India’s new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from August 1 onwards.
  • The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. 
  • These new rates have become applicable from August 1, 2021, as per the RBI’s direction. An interchange fee is a fee charged by banks to the merchant who processes a credit card or debit card payment.
PM Modi launches e-RUPI, a cashless and contactless instrument for digital payment 
Prime Minister Narendra Modi launched e-RUPI, an electronic voucher-based digital payment system.
  • e-RUPI is a cashless and contactless instrument for digital payment. It gets delivered to the mobile phones of beneficiaries through a QR code or SMS string.
  • The users of this new one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
GyanDhan receives NBFC licence from RBI
GyanDhan, India’s first education financing platform said it has received an NBFC license from the Reserve Bank of India and it aims to disburse Rs 650 crore worth of education loans in FY22.
  • Out of this, Rs 50 crore will be for domestic short-term courses offered by various ed-tech players and coaching institutes.
  • The Delhi-based, digital-first company has already partnered companies including Great learning and various IAS institutions to offer interest-free education loans to prospective students wanting to pursue short-term courses.
HDFC partners with IFC partner to promote affordable green housing finance
HDFC Ltd has got a loan of $250 million from International Finance Corporation (IFC), the investment arm of the World Bank Group, to be used by India’s largest housing finance company for green housing.
  • Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market. At least 25 per cent of the funding is for green affordable housing.
  • Green affordable housing can help India on its path to deliver on its commitments under the Paris Agreement, to reduce a third of its carbon emissions by 2030 from 2005 levels,

BUSINESS & ECONOMY

GST collections for July record Rs 1.16 lakh crore
The Goods and Services Tax collection for the month of July rose to Rs 1,16,393 crore, after slipping below the Rs 1 lakh crore mark for the first time in eight months in June, data released by the finance ministry showed.
  • Of the total collection in July, Rs 22,197 crore came from Central GST, while Rs
  • 28,541 crore came from the State GST component. Integrated GST collections amounted for Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and Cess was Rs 7,790 crore.
Forex reserves down by USD 1.581 billion to USD 611.149 billion
The country’s foreign exchange reserves declined by USD 1.581 billion to stand at USD 611.149 billion for the week ended July 23, RBI data showed.
  • The reserves had reached a lifetime high of USD 612.730 billion after rising by USD 835 million in the previous week ended July 16, 2021.
  • Gold reserves were down by USD 449 million to USD 36.884 billion in the reporting week.
CII enters into agreement with SII to speed up vaccination program in partnership with industry including health care providers
Confederation of Indian Industry, CII, has entered into an agreement with Serum Institute of India (SII) to speed up the vaccination program in partnership with industry including health care providers.
  • The vaccination drive will target communities in country’s small towns and rural areas to increase the coverage.
  • CII and SII partnership will ensure to connect hospitals and corporates to fast track vaccination which is necessary for post pandemic growth of the country.

SPORTS

Esteban Ocon wins 2021 Hungarian Grand Prix
Esteban Ocon, has won the Hungarian Grand Prix 2021, held at the Hungaroring in Mogyoród, Hungary. This is the maiden F1 race win for Esteban Ocon.
  • Sebastian Vettel came second followed by Lewis Hamilton.
  • With this win, he took the Formula One championship lead from Max Verstappen. Hungarian Grand Prix was the eleventh round of the 2021 Formula One World Championship.
Sri Lanka all-rounder Isuru Udana retires from international cricket
Sri Lanka left-arm seam bowling all-rounder Isuru Udana announced his retirement from international cricket with immediate effect, drawing curtains to a career spanning over a decade.
  • Udana had a very modest international career with sporadic appearances over 12 years in which he played only 21 ODIS and 35 T20 Internationals with just 45 wickets to show for his efforts.

APPOINTMENTS

Vice Admiral Ghormade takes charge as Navy vice chief
Vice Admiral SN Ghormade, a navigation and direction specialist, assumed charge as the new Vice Chief of the Indian Navy.
  • Admiral Ghormade has had extensive operational tenures onboard frontline warships of the Indian Navy that included commanding guided missile frigate INS Brahmaputra, submarine rescue vessel INS Nireekshak and minesweeper INS Alleppey.
Deepak Das takes charge as new Controller General of Accounts
Deepak Das took charge as the new Controller General of Accounts.Mr Deepak Das is the 25th officer to hold the position of Controller General of Accounts (CGA). He is a 1986-batch Indian Civil Accounts Service (ICAS) officer.
  • Prior to assuming the charge, Mr Das has served as the Principal Chief Controller of Accounts in the Central Board of Direct Taxes.

AWARDS

Serum Institute founder Cyrus Poonawalla to receive Lokmanya Tilak Award
Businessman Cyrus Poonawalla, who is the founder-chairperson of the Pune-based Serum Institute of India (SII), has been named as a recipient of the prestigious Lokmanya Tilak National Award for 2021. 
  • He will be honoured for his work during the coronavirus pandemic, wherein he helped in saving many lives by manufacturing the Covishield vaccine. Under his leadership, crore of doses were made available to people in record time.
  • The award comprises cash prize of ₹one lakh as well as a memento for the recipient.

IMPORTANT DAYS

World Breastfeeding Week 2021
World Breastfeeding Week is an annual celebration held every year from August 1 to 7 in over 120 countries.
  • World Breastfeeding Week is celebrated to encourage breastfeeding and improve the health of babies around the world.
  • This year, the theme for breastfeeding week is 'Protect Breastfeeding: A Shared Responsibility.'

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Daily Current Affairs 1st August, 2021

Daily Current Affairs 1 August 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

PM Modi launches Academic Bank Of Credit, other initiatives on first anniversary of NEP 2020
Prime Minister Modi launched multiple educational initiatives including Academic Bank of Credits, National Digital Education Architecture and other initiatives to mark the completion of one year of reforms under the National Education Policy (NEP) 2020.
  • The Academic Bank of Credit will provide flexible multiple entries and exit options for students in Higher education.
  • Multiple entry/exit will help students break away from the shackles of sticking to one stream. One can select their course and can exit if they are not interested.
  • The new National Education Policy assures the youth that the country is complete with them and with their spirits. The program of artificial intelligence (AI) launched now will also make our youngsters future-oriented and will create a way for AI-driven economy.
National Health Adaptation Plan on Air Pollution launched by Health Minister
Union Minister of Health and Family Welfare, Shri. Mansukh Mandaviya presided over the 112th Annual Day celebrations of National Centre for Disease Control (NCDC) along with Dr. Bharati Pawar, MoS (HFW).  At the event, the Union Health Minister virtually inaugurated the Whole Genome Sequencing National Reference Laboratory for Antimicrobial Resistance (AMR) and BSL 3 Laboratory along with a PG hostel and Guest House. The L3 laboratory complex has five floors and houses 22 Biosafety level (BSL) II laboratories.
  • The Union Health Minister also launched the National Health Adaptation Plan on Air Pollution and National Health Adaptation Plan on Heat along with infographics and the first newsletter under the "National Programme on Climate Change and Human Health" developed by Centre of Environmental and Occupational Health, Climate Change and Health at NCDC.

BANKING & FINANCE

Magma Fincorp renamed Poonawalla Fincorp after takeover by Adar Poonawalla
Magma Fincorp has been renamed as Poonawalla Fincorp with effect from July 22 after Adar Poonawalla-led Rising Sun Holdings acquired a controlling stake in the non-banking finance company (NBFC).
  • Rising Sun Holdings had acquired a controlling stake in the NBFC through an equity infusion of Rs 3,456 crore. The transaction was completed on May 21, and Adar Poonawalla was appointed as the company's Chairman on May 31.

BUSINESS & ECONOMY

Centre's fiscal deficit touch 18.2 pc of annual target at end of June
The Central Government’s fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year’s Budget estimate at the end of June, according to data released by the Controller General of Accounts (CGA).
  • The fiscal deficit at the end of June 2020 was 83.2 per cent of the Budget Estimates (BE) of 2020-21.In absolute terms, the fiscal deficit was at Rs 2,74,245 crore at the end of June.
  • The fiscal deficit or the gap between expenditure and revenue for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP),  better than 9.5 per cent projected in the revised estimates in the Budget in February.

SPORTS

Labhanshu Sharma wins Bharat Kesari Wrestling Dangal for Uttrakhand
Indian Wrestler Labhanshu Sharma has created history by winning the Bharat Kesari Wrestling Dangal 2021 organised in Tamil Nadu this year.
  • 20 years since the formation of Uttarakhand, Labhanshu has broken the drought and won the title of Bharat Kesari for the state.

ACQUISITIONS & MERGERS

YouTube to acquire video-based social commerce startup simsim
Google's YouTube has signed a definitive agreement to buy video shopping app simsim as it looks to help discover and buy products from Indian retailers.
  • The terms of the acquisition were not disclosed.
  • In its blogpost, Google said this deal builds up on its ongoing investments in India that includes the $10 billion India Digitization Fund.

AWARDS

Sai Life Sciences wins Golden Peacock National Training Award 2021
Sai Life Sciences, one of India's fastest growing Contract Research, Development & Manufacturing Organizations (CRDMOs), announced that it has been honoured with the Golden Peacock National Training Award 2021 in the pharmaceutical category.
  • This is the second consecutive Golden Peacock Award for the company following the Golden Peacock National Quality Award it received in 2020.

OBITUARIES

Centenarian Sprinter Man Kaur passes away 
Centenarian sprinter Man Kaur, referred to as 'Miracle from Chandigarh', died of a heart attack. She was 105.
  • The multiple World Masters Games medallist from Patiala, won her first medal at the Chandigarh Master’s in 2010 where she was noticed by David Premnath, general secretary of the Masters Athletic Federation of India.
  • In 2011, she won the 100 metre sprint at the World Masters Games in Auckland in 2017 and held several world records. In 2019, She also won gold in track and field events at the World Masters Athletic Championship in Torun, Poland. Kaur bagged the gold in 60m dash race, 200m sprint, shot put and javelin throw.

BOOKS & AUTHORS

'The Khan of Khel Khudaai' book by Harshaa Bharatula
Author Harshaa Bharatula's debut novel, "The Khan of Khel Khudaai," has been released recently.
  • The book gives readers an insight into the culture and the complex manoeuvres of multiple entities - Afghan and non-Afghan. The story captures readers' attention, especially now when political conditions in Afghanistan have made headlines worldwide.

IMPORTANT DAYS

Muslim Women Rights Day
The ministry of minority affairs announced that "Muslim Women Rights Day" will be observed across the country on August 1.
  •  It will celebrate the second anniversary of the enactment of the law against triple talaq.
Peru commemorates 200th anniversary of its independence
On July 28, Peru will commemorate 200 years of independence from erstwhile Spanish Empire.
  • Peru and India are two nations with a glorious past, and a forward-looking future, which continue to share cordial and ever-closer ties with each other. The two countries enjoy excellent people-to-people relations, trade ties that have soared in the past decade, and an active diplomatic connection, both bilaterally and multilaterally.

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Daily Current Affairs 31st July, 2021

Daily Current Affairs 31 July 2021 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Govt proposes to set up National Research Foundation
Union Minister of Education Dharmendra Pradhan said that the Government is proposing to set up a National Research Foundation (NRF) to strengthen the research ecosystem in the country.
  • The total proposed outlay of National Research Foundation is Rs 50,000 crore over a period of five years.
  • The NRF is being envisaged as an umbrella structure that will improve linkages between R&D, academia and industry.
Govt aims to create national farmers database using digital land records: Narendra Singh Tomar
Agriculture Minister Narendra Singh Tomar said the government aims to create a national database of farmers and is also in the process of bringing out a data policy for the farm sector.
  • The government aims to create a federated National Farmers Database and the digitised land records will be used as data attributes for creating this database.
  • To bring dynamism to the farmer''s database, the linkage with digital land record management system is essential.
Govt nod to 100% FDI in oil PSUs approved for stake sale
The Department for Promotion of Industry and Internal Trade (DPIIT) issued an executive order to allow 100 per cent foreign direct investment (FDI) under automatic route for oil and gas PSUs, in case an in-principle approval for strategic disinvestment has been approved by the government.
  • The development was followed by the Union Cabinet’s approval regarding the same on July 22. The move will expand the scope for FDI in the privatisation of Bharat Petroleum Corporation Ltd (BPCL) and enable the sale of the government’s 52.98 per cent stake in the company to a foreign buyer.
  • It will also open the door for FDI in other public sector companies in the oil sector put up for privatisation.
Goa Govt Offers AI-based Learning for Students, Ties Up With Jio Embibe
The Goa government has signed an MoU with edu-tech platform Jio Embibe for adaptive learning based on Artificial Intelligence for students, Chief Minister Pramod Sawant told the Legislative Assembly.
  • Sawant stated the MoU covers students of classes 6 to 12 with an exclusive portal for learning subjects like mathematics and science.

INTERNATIONAL NEWS

36th Edition of India-Indonesia Coordinated Patrol held in Indian Ocean
The 36th edition of CORPAT between India and Indonesia is held in the Indian Ocean region. The Indian Naval Ship (INS) Saryu, an indigenously built Offshore Patrol Vessel and Indonesian Naval Ship KRI Bung Tomo is undertaking coordinated patrol (CORPAT).
  • Besides this, Maritime Patrol Aircraft from both nations are also participating. The exercise is being conducted as a ‘non-contact, at sea only’ exercise in view of the COVID-19 pandemic.

BANKING & FINANCE

FamPay partners with Visa to launch India's first Doodle card
FamPay, a fintech start-up focused on online and offline card payments for teenagers, has launched India’s first Visa prepaid card — FamCard Me — for teenagers with personalised doodles on it.
  • The card will allow teens to make NFC-enabled contactless payments on the Visa network in India.
  •  The card will be available in two different designs – the FamCard and FamCard Me. Teens will be able to design their own card to reflect their personality, playing with names, fonts and doodles.
Yes Bank, Indiabulls Housing Finance sign co-lending agreement
Yes Bank and Indiabulls Housing Finance have entered into a co-lending agreement for home loans.
  • The partnership aims at synergising capabilities to provide an efficient and seamless experience to retail home loan customers.
  • The partnership is in line with Yes Bank’s strategy of expanding its retail franchise through a mix of organic and partnership-led origination models.
RTGS, NEFT payment systems opened up for non-banks in phases: RBI
The Reserve Bank of India said that it has allowed non-banks to participate in its Centralised Payment Systems (CPS) through Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems, in a phased manner.
  • To be sure, RBI in April had already said that non-banks would be allowed access to CPS viz. RTGS, NEFT in a phased manner.
  • Till now, only banks were allowed to use RTGS and NEFT payments facilities.
Hughes to connect 1,800 Bank of India sites with satellite broadband
Satellite broadband services firm Hughes Communications India Pvt Ltd (HCIPL) has bagged a deal to connect 1,800 branches of Bank of India across the country.
  • The project will provide satellite connectivity to Aryavart Bank, Madhya Pradesh Gramin Bank (MPGB), Vidharbha Konkan Gramin Bank (VKGB), and Bank of India (BoI) branches that serve rural customers.
  • The network will be provided through Hughes Jupiter system, including routers, gateways and network management designed for high performance and efficiency, using capacity on the GSAT11 and NSS12 satellites.
DBS, Temasek team up for $500 m debt financing platform
DBS and Temasek announced an agreement to jointly launch a $500 million growth stage debt financing platform EvolutionX Debt Capital or EvolutionX.
  • Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with focus on China, India, and Southeast Asia.
  • The growth debt capital space presents a significant opportunity and EvolutionX will invest in opportunities arising from an increasingly digital economy, across sectors such as financial services, consumer, healthcare, education and industrial development, to accelerate growth and build the next generation of technology leaders.
LIC CSL launches Co-branded RuPay Credit Cards powered by IDBI Bank
LIC Cards Services Limited (LIC-CSL) and IDBI Bank announced that they've launched two new co-branded RuPay Credit Cards.
  • This LIC card will be designated as the LIC CSL 'Eclat' Select Credit Card and the 'Lumine' Platinum Credit Card. As per the release, the credit cardholder will apparently be able to gain access to a range of new benefits that have been termed, ‘the best in class'.
  • LIC Credit cardholders of the Lumine and Eclat cards will have a credit limit that is tailored to their needs. With every Rs 100 spent on the Lumine card, cardholders will get 3 'delight' points, and on the Eclat card, they will receive 4 points.  They have a validity of 4 years and an interest-free credit period of up to 48 days.
NABARD sanctions Rs 446 crore for drinking water projects in Punjab
National Bank For Agriculture and Rural Development (NABARD) Punjab regional office has sanctioned Rs 445.89 crore under the Rural Infrastructure Development Fund (RIDF) for five large surface based drinking water projects in Ferozpur, Fazilka, Hoshirapur and Rupnagar districts of Punjab.
  • These projects envisage to provide 70 litre per capita per day potable drinking water at the consumer-end through functional household tap connections covering a rural population of 10.39 lakh in 700 villages.

BUSINESS & ECONOMY

Nasscom partners with UK government, UK India Business Council
IT industry body Nasscom said it has collaborated with the UK Government's Department for International Trade (DIT) and the UK India Business Council (UKIBC) to address the digital skills gap in that country.
  • IT business physique Nasscom mentioned it has collaborated with the UK Government‘s Division for Worldwide Commerce (DIT) and the UK India Enterprise Council (UKIBC) to deal with the digital abilities hole in that nation. A two-day digital college tour, specializing in expertise acquisition for the Indian tech business, was organised.
  • Nasscom has developed a large-scale skill-building programme, Future Skills Prime in India, which is a partnership between Ministry of Electronics and Information Technology, Nasscom and the IT industry.
FTCCI enters agreement with Afghanistan Chamber for trade promotion
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has entered into an agreement of cooperation with the Afghanistan Chamber of Commerce and Investment (ACCI).
  • During the seminar the State industry body entered into an agreement of cooperation with Afghanistan Chamber of Commerce and Investment (ACCI).
  • The FTCCI and ACCI partnership will play a key role in building bilateral trade and investment.
India possesses 501.83 million tonnes of gold reserves: Union govt
India has an estimated 501.83 million tonnes of gold reserves or resources of gold ore, as per the National Mineral Inventory data.
  • Out of these, 17.22 million tonnes have been placed under the reserves category and the remaining 484.61 million tonnes under remaining resources category, Union Minister of Mines, Coal and Parliamentary Affairs Prahlad Joshi said.
  • The largest resources of gold ore are located in Bihar (44%) followed by Rajasthan (25%), Karnataka (21%), West Bengal (3%), Andhra Pradesh (3% ), and Jharkhand (2 %).
  • The remaining 2% resources of ore are located in Chhattisgarh, Madhya Pradesh, Kerala, Maharashtra and Tamil Nadu.

AWARDS

Graphic artist Anand Radhakrishnan wins prestigious Eisner award
Mumbai-based visual artist and illustrator Anand Radhakrishnan won the Will Eisner Comic Industry Award. 
  • Radhakrishnan shared the award with another UK-based colourist John Pearson.
  • The Indian artist won the Best Painter/Multimedia Artist (interior art) award for his work in UK-based author Ram V's graphic novel Blue In Green.
Asha Bhosle to be honoured with ‘Maharashtra Bhushan’
The Maharashtra government honored singer Asha Bhosle with Maharashtra Bhushan award, the State government’s highest honour for the year 2020.
  • The award, instituted in 1996 by the State government to recognise distinguished work and achievements of eminent persons from the State, representing different walks of life, carries a cash prize of ₹10 lakh and a citation.
India’s 14 Tiger Reserves get Global CA/TS recognition for good Tiger Conservation
On the occasion of International Tiger Day, Union Minister for Environment, Forest and Climate Change Bhupender Yadav announced that 14 tiger reserves in India have received accreditation of the Global Conservation Assured Tiger Standards (CA|TS).
  • The 14 tiger reserves, which have been accredited, are Manas, Kaziranga and Orang in Assam; Satpura, Kanha and Panna in Madhya Pradesh; Pench in Maharashtra; Valmiki Tiger Reserve in Bihar; Dudhwa in Uttar Pradesh; Sunderbans in West Bengal; Parambikulam in Kerala; Bandipur Tiger Reserve in Karnataka; and Mudumalai and Anamalai Tiger Reserves in Tamil Nadu.
  • CA|TS is a globally accepted conservation tool that sets best practice and standards to manage tigers and encourages assessments to benchmark progress.

SCIENCE & TECHNOLOGY

China plans to build the first 'clean' commercial nuclear reactor
China has unveiled plans to build the first-of-its-kind experimental nuclear reactor that will not require water for cooling and is expected to be safer than traditional reactors.
  • The molten-salt nuclear reactor, which runs on liquid thorium rather than uranium, is expected to be safer because the molten salt cools and solidifies quickly when exposed to the air, insulating the thorium. Hence, any potential leak would spill much less radiation into the surrounding environment in comparison to leaks from traditional reactors.
  • The prototype reactor is expected to be completed next month, with the first tests beginning in September. This will pave the way for the construction of the world's first commercial reactor. It is expected to be constructed by 2030.
SRI Spinout Wingsure develops AI-driven mobile insurance app for small farmers
SRI International announced that its insurtech venture spinout, Wingsure, is expanding its artificial intelligence (AI) and augmented reality (AR) capabilities to deliver instant access to personalized insurance products for underserved small farmers and communities worldwide.
  • Wingsure noted that the application is aided by SRI’s computer vision, geospatial and AR technology, which can confirm crop damage, identify the validity of insurance claims, and make the settlement.
  • The app features voice prompts and natural language processing, which allows farmers to speak in their native language.

BOOKS & AUTHORS

“The Most Incredible Olympic Stories” book by Luciano Wernicke
The book titled “The Most Incredible Olympic Stories”written by Argentinian writer Luciano Wernicke has been released recently.
  • In The Most Incredible Olympic Stories, writer Wernicke curates the oldest sporting legends - a tale that becomes the narrative of a modern civilisation.

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GA Revision for SBI Clerk and Other Exams -998

  1. In Haryana, Government College for Women at Salaheri in Nuh district has been renamed after whom?
    A) Preeti Wadhwa
    B) Mayuri Chaudhary
    C) Surbhi Rana
    D) Kiran Shekhawat



  2. Procedure for amalgamation of banking companies is defined under section ____ of Banking Regulation Act, 1949.
    A) Section 44A
    B) Section 45A
    C) Section 46A
    D) Section 47A



  3. Pinarayi Vijayan was sworn as Chief Minister of which state?
    A) TamilNadu
    B) Kerala
    C) Puducherry
    D) WestBengal



  4. What is the currency of Ghana?
    A) Cedi
    B) Riyal
    C) Krone
    D) Togrog



  5. According to a study released by defence website Military Direct, India stands at which position in terms of having strongest military force in the world?
    A) 3rd
    B) 5th
    C) 4th
    D) 2nd



  6. Who was appointed as Kenya’s first woman chief justice?
    A) Martha Koome
    B) Uluru Kenyatta
    C) Maria Ulhuru
    D) Lee Weing



  7. Which state/UT government has launched the SAAMAR (Strategic Action for Alleviation of Malnutrition and Anemia Reduction) campaign to tackle malnutrition in the state?
    A) Himachal Pradesh
    B) Jharkhand
    C) Jammu and Kashmir
    D) Karnataka



  8. Rock Shelters of Bhimbetka is a UNESCO World Heritage Site located in _____?
    A) Maharashtra
    B) Bihar
    C) Karnataka
    D) Madhya Pradesh



  9. Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up under which of the following acts?
    A) Banking Regulation Act, 1949
    B) Companies Act, 1956
    C) Deposit Insurance and Credit Guarantee Corporation Act, 1961
    D) Deposit Insurance and Credit Guarantee Corporation Act, 1951



  10. NSE Academy, a wholly-owned subsidiary of the National Stock Exchange, has joined hands with Bharathiar University for creating a Centre of Excellence for capital markets.Where is Bharathiraja University located?
    A) Tamil Nadu
    B) Kerala
    C) Karnataka
    D) West Bengal



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