Tuesday, 13 July 2021
குதிரைகள் குடிக்கும் நீர் நிலைகளில் இருந்து நீர் அருந்துங்கள். குதிரை ஒருபோதும் கெட்ட தண்ணீரை குடிக்காது
Monday, 12 July 2021
Daily updates 8 July 2021
08 July 2021
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8th July 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam
National News
1. Cabinet Reshuffle: 43 leaders take oath as ministers
- The Union Cabinet led by Prime Minister Narendra Modi has expanded its council of ministers. The names in the cabinet reshuffle include several new entrants as well as existing ministers who will be reassigned.
- The swearing-in ceremony of 43 Ministers was held at the Rashtrapati Bhavan on July 7, 2021. In total, 15 Ministers were inducted into the Union Cabinet and 28 Ministers were inducted as Ministers of State. This is the first cabinet reshuffle since the National Democratic Alliance (NDA) retained power in 2019.
- The Union Cabinet can have 81 members, as per the rule. There were 53 ministers in PM Modi's cabinet but a series of them, including Union Health Minister Harsh Vardhan, resigned hours before the names were announced.
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International News
2. Haiti President Jovenel Moise assassinated at his home
- Haiti President, Jovenel Moise was assassinated and his wife wounded in an attack at their home, the interim prime minister announced an act that risks further destabilizing the Caribbean nation beset by gang violence and political volatility.
- The president faced steep opposition from swathes of the population that deemed his mandate illegitimate, and he churned through a series of seven prime ministers in four years.
- Most recently, Joseph was supposed to be replaced this week after only three months in the post.
Important takeaways for all competitive exams:
- Haiti Capital: Port-au-Prince;
- Haiti Currency: Haitian gourde;
- Haiti Continent: North America.
Appointments News
3. N Venudhar Reddy takes charge as Director General of All India Radio
- N Venudhar Reddy, an Indian Information Service, IIS Officer of 1988 batch took charge as Director General of All India Radio. Currently Working as Principal DG of News Services Division, All India Radio, he was given additional charge of AIR, upon the approval of the Appointments Committee of the cabinet. All India Radio, officially known since 1957 as Akashvani.
- Reddy brings with him vast experience in media planning and management, administration and newsgathering. He has also served in various capacities earlier with All India Radio News and Doordarshan News.
Important takeaways for all competitive exams:
- All India Radio Founded: 1936;
- All India Radio Headquarters: Sansad Marg, New Delhi.
4. Indian Army names firing range after Vidya Balan
- The Indian Army has named one of its firing ranges in Kashmir after Bollywood actress Vidya Balan. The Vidya Balan firing range is situated at Gulmarg in the Baramulla district of Jammu & Kashmir.
- The decision was taken in recognition of her contribution to Indian cinema. Earlier in the year, the actress and her husband Siddharth Roy Kapoor had attended the Gulmarg Winter Festival organised by the Indian Army.
Agreements News
5. Razorpay partners with Mastercard to launch ‘MandateHQ’
- Razorpay has partnered with Mastercard to launch ‘MandateHQ’. It is a payment interface that will help card-issuing banks to enable recurring payments for their customers.
- It must be noted that the Reserve Bank of India had issued a framework for processing e-mandates on recurring online transactions. The product by Razorpay is a step in this direction.
- The MandateHQ solution can be fully integrated with any bank within seven days. Razorpay’s Mandate HQ is an API-based plug-n-play solution that reduces the go-live time for any card issuing bank that wishes to enable recurring payments for its customers.
- MandateHQ will also enable businesses, especially subscription-based businesses, to get access to a wider customer base, who use debit cards, as recurring payments were mostly supported via credit cards previously.
Important takeaways for all competitive exams:
- Razorpay Founded: 2013;
- Razorpay CEO: Harshil Mathur (May 2014–);
- Razorpay Headquarters location: Bengaluru;
- Mastercard Headquarters: New York, United States.
- Mastercard President: Michael Miebach.
6. Bajaj Allianz General ties up with Bank of India to offer insurance products
- Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement for the distribution of Bajaj Allianz General Insurance’s products through the bank’s network of 5084 branches.
- As a part of this agreement, Bajaj Allianz General Insurance will be offering a bouquet of personal lines of products such as motor insurance, health insurance, home insurance, travel insurance along with a commercial line of products like engineering insurance, marine insurance to bank’s customers.
Important takeaways for all competitive exams:
- Managing Director of Bajaj Allianz: Tapan Singhel; Headquartered: Pune, Maharashtra.
- BOI Headquarters: Mumbai; MD and Ceo of BOI: Atanu Kumar Das.
Economy News
7. Government includes Retail and Wholesale Trade in MSME sector
- Ministry of Micro, Small and Medium Enterprises has decided to include Retail and Wholesale trade as MSMEs but only for the limited purpose of Priority Sector Lending.
- This means that these segments of businesses can now take loans under the Priority Sector Lending arrangement under the MSME category.
- According to the Retailers Association of India (RAI), this will give retail micro, small and medium enterprises (MSMEs) the support they need to survive, revive and thrive.
- These Retail and Wholesale traders can now register on Udyam Registration Portal. It is a portal by the Government of India for the registration of MSMEs.
The registration will be allowed under three categories:
- Wholesale and retail trade and repair of motor vehicles and motorcycles.
- Wholesale trade except for motor vehicles and motorcycles.
- Retail trade except for motor vehicles and motorcycles.
8. Fitch Ratings projects India GDP growth for FY22 at 10%
- Fitch Ratings has revised its GDP growth projection for India in 2021-22 (FY22) to 10%. Earlier it has projected the same at 12.8%.
- The reason for this cut is the slow recovery post-second wave of COVID-19. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
Defence News
9. Indian Army Inaugurates War Memorial of Capt Gurjinder Singh Suri
- On the occasion of the birthday of Captain Gurjinder Singh Suri, who died during the operation "Birsa Munda" in 1999, the Indian Army inaugurated a war memorial in memory of Captain in Gulmarg near the Line of Control (LOC).
- Lieutenant Colonel (Col), Tej Prakash Singh Suri (Retd), father of Captain Gurjinder Singh Suri, MVC (Posthumous) was also present on the occasion. Gurjinder Singh Suri was later awarded Maha Vir Chakra (Posthumous).
- Operation Birsa Munda was a punitive raid conducted against a Pakistani post by a Bihar battalion of the Indian Army, in the month of November 1999.
- This was the time when Operation Vijay had drawn to a close, but the Line of Control was still active with sporadic incidents of trans Line of Control violence. In a swift and meticulously planned operation, the entire Pakistani post was destroyed, killing 17 Pakistani soldiers.
Awards News
10. Kaushik Basu awarded prestigious Humboldt Research Award
- Indian economist Kaushik Basu has been awarded the Humboldt Research Award for Economics. The award was conferred on him by Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany.
- A former chief economist of the World Bank, Basu is currently a professor of Economics at Cornell University. He also served as the Government of India's chief economic advisor from 2009 to 2012. Basu is also a recipient of the Padma Bhushan, the third-highest civilian award in India.
- The prestigious award is sponsored by the Alexander von Humboldt Foundation and awarded to as many as 100 recipients each year.
- The Humboldt Research Award honours scientists and economists from across the world for their work. The award entails prize money of 60,000 euros and an offer to carry out research projects at a scientific institution in Germany for up to 12 months.
Sports News
11. Mumbai, Pune to host 2022 women's Asian Cup
- Women's Asian Cup in India will be held in Mumbai and Pune after the Asian Football Confederation dropped Bhubaneswar and Ahemdabad as venues to minimise the travelling time for participants and ensure an "optimum environment" for a bio-secure bubble.
- The Mumbai Football Arena at the Andheri Sports Complex and the Shiv Chhatrapati Sports Complex in Balewadi, Pune have been chosen as the new venues.
- The decision was taken after considering the existing challenges caused by the COVID-19 pandemic and as part of efforts to minimise the travelling time for teams and officials between the venues, whilst ensuring the optimum environment to implement the biomedical bubble for the benefit of all stakeholders.
Obituaries News
12. Former Himachal Pradesh Chief Minister Virbhadra Singh passes away
- Senior Congress leader and former Himachal Pradesh Chief Minister, Virbhadra Singh, has passed away. The veteran politician was the 4th and longest-serving Chief Minister of Himachal Pradesh.
- He served as the Chief Minister of the state six times, from April 8, 1983, to March 5, 1990, December 3, 1993, to March 23, 1998, March 6, 2003, to December 29, 2007, and then for the sixth time from December 25, 2012, to December 26, 2017.
- Apart from this, Singh also served as union deputy minister in Tourism and Civil Aviation, Minister of State for Industries, Union Minister of Steel and Union Minister of micro, small & medium enterprises (MSME).
13. Olympic gold-winning hockey legend Keshav Datt passes away
- Two-time Olympic gold medallist in hockey, Keshav Datt passed away. He was part of India's historic feat at the 1948 Olympics where they beat home team Britain 4-0 at the Wembley Stadium in London to win the first gold post Independence.
- Before the 1948 Olympics, Datt had toured East Africa under the leadership of hockey wizard Major Dhyan Chand in 1947. An integral part of the Indian team, Datt also captained the Mohun Bagan hockey squad from 1951-1953 and again in 1957-1958.
Miscellaneous News
14. DMRC launches India's first UPI-based cashless parking
- Delhi Metro Rail Corporation (DMRC) has launched India's first FASTag or Unified Payments Interface (UPI)-based parking facility to reduce the time for entry and payment.
- The facility was launched at the Kashmere Gate metro station. As part of the Multi-Model Integration (MMI) initiative, dedicated Intermediate Public Transport (IPT) lanes for autos, taxis and r-Rickshaws were also inaugurated at the station.
Daily updates 9 July 2021
09 July 2021
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9th July 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam
National News
1. Dept of Public Enterprises brought under Finance Ministry
- The Government of India has decided to bring Department of Public Enterprises (DPE) under the finance ministry. DPE was earlier under the Ministry of Heavy Industries and Public Enterprises.
- It has been brought under the finance minister in a bid to ease coordination regarding future disinvestment plans. The Finance ministry now comprises six departments, after the inclusion of DPE.
Other five departments are:
- Department of Economic Affairs,
- Department of Expenditure,
- Department of Revenue,
- Department of Investment & Public Asset Management and
- Department of Financial Services.
Important takeaways for all competitive exams:
- Minister of Finance; and Minister of Corporate Affairs: Nirmala Sitharaman.
International News
2. World's tallest sandcastle constructed in Denmark
- A sandcastle in Denmark has entered into new Guinness World Record for being the tallest sandcastle in the world. The triangular-shaped sandcastle has been built in the town of Blokhus in Denmark.
- It stands at a height of 21.16 metres (69.4 feet). This new structure is 3.5m taller than the previous record held by sandcastle measuring 17.66 m in Germany in 2019. Dutch creator, Wilfred Stijger, was assisted by 30 of the world’s best sand sculptors.
- The structure is built in the shape of a triangle to avoid collapsing like many others have. A wooden structure was built around it to allow the artist to carve the incredible figures in the sand.
- This highly decorated monument in the small seaside village of Blokhus, which is reminiscent of a pyramid, is made up of 4,860 tonnes of sand. To ensure the sand sticks on, it was mixed with around 10% clay.
Important takeaways for all competitive exams:
- Denmark Capital: Copenhagen.
- Denmark Currency: Danish krone.
State News
3. India’s first maritime arbitration centre to be set up in Gandhinagar
- The Gujarat Maritime University has signed a Memorandum of Understanding (MoU) with the International Financial Services Centres Authority (IFSCA) in GIFT City to set up the Gujarat International Maritime Arbitration Centre (GIMAC).
- GIMAC will be the first of its kind centre in India to manage arbitration and mediation proceedings for disputes related to the maritime and shipping sector. It will be part of a maritime cluster that is being set up by the Gujarat Maritime Board (GMB) at GIFT City in Gandhinagar.
- There are over 35 arbitration centres in India. However, none of them exclusively deals with the maritime sector. The arbitration involving Indian players is now heard at the Singapore Arbitration Centre.
- The idea is to create a world-class arbitration centre focused on maritime and shipping disputes that can help resolve commercial and financial conflicts between entities having operations in India.
Important takeaways for all competitive exams:
- Gujarat Chief Minister: Vijay Rupani;
- Gujarat Governor: Acharya Devvrat.
4. Kerala govt. to have its own OTT platform
- Kerala government has proposed to have its own over-the-top (OTT) platform. The state government has planned to launch it by November 1.
- The State government’s proposed foray into the online content streaming space with the launch of an over-the-top (OTT) platform is a cultural intervention, rather than something prompted by the market or revenues.
- OTT players like Netflix and Amazon have been showing more interest in Malayalam cinema. But they are mostly limited to films from which they can get revenue.
- In the last one year, less than 15 Malayalam films, featuring big stars, have been taken up these platforms.
- Furthermore, smaller & home-grown OTT platforms such as Neestream and Mainstream TV do not have much of finance to match bigger players.
- Thus, the state government proposed this OTT platform which will ensure space and make some sort of revenue share for lower budget & independent films that are struggling to find space among the public.
Defence News
5. INS Tabar conducts military exercise with Italian Navy
- Indian Naval Ship (INS) Tabar recently participated in military exercises with the frontline frigate of the Italian Navy. INS Tabar joined Italian Navy and entered Port of Naples on July 3 as part of the ongoing deployment in the Mediterranean.
- Commanding officer Captain Mahesh Mangipudi called on senior officers of Prefect of Naples Authority, regional Italian navy headquarters and coast guard headquarters during the stay.
- This exercise covered several naval operations such as air defence procedures, communication drills, replenishment at sea, and cross deck helo operations by day and night. The exercise was mutually beneficial for enhancing interoperability and consolidating combined operations against maritime threats.
6. Ministry of Defence implements SPARSH System
- Ministry of Defence has implemented SPARSH (System for Pension Administration Raksha), an integrated system for automation of sanction and disbursement of defence pension.
- This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners without relying on any external intermediary.
- A Pensioner Portal is available for pensioners to view their pension-related information, access services and register complaints for redressal of grievances, if any, relating to their pension matters.
- SPARSH envisages the establishment of Service Centres to provide last-mile connectivity to pensioners who may be unable to directly access the SPARSH portal for any reason.
- In addition to several offices of the Defence Accounts Department, which are already functioning as Service Centres for pensioners, the two largest banks dealing with defence pensioners – State Bank of India (SBI) and Punjab National Bank (PNB) – have been co-opted as Service Centres.
Important takeaways for all competitive exams:
- Minister of Defence: Rajnath Singh.
Business News
7. Amazon launches its first Digital Kendra in India in Gujarat
- Amazon has launched its first Digital Kendra in India in Surat, Gujarat. Amazon Digital Kendra was inaugurated by Vijay Rupani, Chief Minister of Gujarat.
- Digital Kendras of Amazon are centres that will provide micro small and medium enterprises (MSMEs) the opportunity to learn about the benefits of e-commerce.
- MSMEs can visit the Amazon Digital Kendra and avail of third party services including training on the benefits of eCommerce, GST and taxation support, shipping and logistics support, cataloguing assistance and digital marketing services.
- The company has focused on enabling sellers to reach customers across India and globally, and has made significant investments in technology, logistics, delivery infrastructure and digitising payments that collectively helped more customers and businesses to come online.
Important takeaways for all competitive exams:
- Amazon CEO: Andrew R. Jassy;
- Amazon Founded: 5 July 1994.
Ranks and Reports News
8. NewsOnAir Radio Live-stream Global Rankings
- NewsOnAir Radio Live-stream Global Rankings was released recently ranking countries where All India Radio (AIR) live-streams on the NewsOnAir app are most popular.
- In the latest Rankings of top countries in the world (excluding India) where All India Radio Live-streams on NewsOnAir App are most popular, Fiji has jumped from 5th position to 2nd, while Saudi Arabia has made a comeback in the top 10.
- Kuwait and Germany are new entrants, while France and New Zealand are no more in the top 10. The United States continues to be number 1.
NewsOnAir Top Countries (Rest of world)
Rank | Country |
1 | United States |
2 | Fiji |
3 | Australia |
4 | United Kingdom |
5 | Canada |
6 | United Arab Emirates |
7 | Singapore |
8 | Kuwait |
9 | Saudi Arabia |
10 | Germany |
Important takeaways for all competitive exams:
- AIR is the National Public Radio Broadcaster of India. Since 1956 is officially known as Akashvani.
- Founded in 1936, it is a division of Prasar Bharati.
Schemes and Committees News
9. GoI sets up 25-member development council for cement industry
- The central government has set up a 25-member development council for the cement industry under Dalmia Bharat Group CMD, Puneet Dalmia.
- The council will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote standardization of products. Dalmia is the chairman of the council.
- Its members include Shree Cement Ltd MD HM Bangur, The India Cements Ltd Executive President Rakesh Singh; Birla Corporation Limited CEO Pracheta Majumdar; J.K. Cement Ltd Deputy Managing Director Madhavkrishna Singhania, and JSW Cement Ltd CEO Nilesh Narwekar.
Science and Technology News
10. Facebook Launches newsletter platform “Bulletin”
- Facebook has announced a set of publishing and subscription tools named Bulletin, aimed to promote independent writers in the US.
- The bulletin will include support focused on the creation of content, monetisation and audience growth. It also aims to integrate its existing tools to support writing and audio content — from podcasts to Live Audio Rooms in one place.
- Facebook is pushing to compete in the fast-growing email newsletter trend, as high-profile journalists and writers have left media companies over the past year to strike out on their own.
Important takeaways for all competitive exams:
- Facebook Founded: February 2004;
- Facebook CEO: Mark Zuckerberg;
- Facebook Headquarters: California, United States.
Books and Authors News
11. A new book titled "The Light of Asia" by Jairam Ramesh
- A new book titled "The Light of Asia" authored by Jairam Ramesh is a biography of an epic bio-poem on the Buddha.
- Ramesh, the author, Member of Parliament, former Union Minister, and Congress leader, digs deep in his new book to bring out the fascinating story behind the epic 1879 poem, "The Light of Asia" by Sir Edwin Arnold, that took the world by storm and in some ways, brought the Buddha's story to the world at the turn of the last century.
Miscellaneous News
12. India’s first movable freshwater tunnel aquarium installed at Bengaluru Station
- Krantivira Sangolli Rayanna Railway Station also known as Bengaluru City Railway Station has become the first railway station in India with a movable freshwater tunnel aquarium.
- The state-of-the-art aquarium has been jointly opened by the Indian Railway Stations Development Cooperation Limited (IRSDC) in collaboration with the HNi Aquatic Kingdom.
- The Aquatic Kingdom aquarium is based on the concept of the Amazon River and is 12-feet long. The entrance of the station now gives a glimpse into marine life, with a beautiful dolphin humbly greeting visitors with a slight bow and a smile. A 3D selfie area, 20 feet of glass periphery are also some attractive features of the new facility.
13. Antarctica hits a record temperature of 18.3 degrees Celsius
- The United Nations’ World Meteorological Organization, recognised a new record high temperature for Antarctica. On February 6, 2020, the Esperanza station (the Argentine research station in Trinity Peninsula) experienced 18.3 degrees Celsius.
- According to the UN agency, the high temperatures in Antarctica are a result of a large high-pressure system creating "fohn conditions", which are downslope winds creating significant surface warming. The previous record for high temperature was 17.5 degrees Celsius, recorded on March 24, 2015, at the same station.