NATIONAL UPDATES:
1.
Govt to set up Indian Institute of Heritage at Noida: The government has
decided to set up the Indian Institute of Heritage at Noida, Gautam Buddha
Nagar. This will impact higher education and research in the field of rich
Indian heritage and its conservation, leading to Masters and PhD courses in
History of Arts, Conservation, Museology, Archival Studies, Archaeology,
Preventive Conservation, Epigraphy and Numismatics, Manuscriptology as well as
conservation training facilities to in-service employees and students of the
institute.
This institute is being set up is deemed to
be a university by integrating Institute of Archaeology (Pt DeendayalUpadhyaya
Institute of Archaeology), School of Archival Studies under National Archives
of India, New Delhi, the National Research Laboratory for Conservation of
Cultural Property (NRLC), Lucknow, National Museum Institute of History of Art,
Conservation and Museology (NMICHM) and Academic Wing of Indira Gandhi National
Centre for the Arts (IGNCA), New Delhi.
2.
Assam CM HimantaBiswa assures govt jobs for National Games Medalists: The Assam State
Chief Minister DrHimantaBiswaSarma has assured jobs for all National Games
medalists of Assam from now on. He also mentioned that all those who won medals
in National Games so far for Assam would be given Sports Pension by the State
Government. He hoped that this decision would help the sportspersons of the
state.The Chief Minister also announced that the house would send a goodwill
message to boxer LovlinaBorgohain who will be vying for a medal in Tokyo
Olympics. The Chief Minister stated about the increase of sports pension on the
sixth day of the Assam Assembly cabinet meeting. Further, the minister also
said that the government is planning to increase the pension of sportsperson
from Rs. 8000 to Rs. 10,000.
Note: Assam Governor: JagdishMukhi; Assam
Chief Minister: HimantaBiswaSarma.
3.
NMGC approves new projects for rejuvenation of 6 rivers in Uttarakhand: The National
Mission for Clean Ganga (NMCG) in its 36th Executive Committee has approved new
projects for the rejuvenation of six rivers in Uttarakhand. According to the
Central Pollution Control Board (CPCB), there are a total of nine polluted
stretches in Uttarakhand and six of them are in the Udham Singh Nagar district
on various tributaries or small rivers such as Bhela, Dhela, Kichha, Nandor,
Pilankha and Kosi.The projects shall cover the six polluted river stretches in
the Kumaon region. Out of the rest three polluted stretches, the project of
Ganga at Jagjeetpur, Haridwar has already been commissioned and on the
remaining two, NamamiGange projects are already under execution. It also
approved Sewerage (I&D) scheme (Dhela River) Phase-1 of District Udham
Singh Nagar, Uttarakhand under NamamiGangeProgramme at a sanctioned cost of Rs
199.36 crore.
Note: Governor of Uttarakhand: Baby Rani
Maurya; The chief minister of Uttarakhand: Pushkar Singh Dhami.
4.
Mukhtar Abbas Naqvi appointed Deputy Leader of House in Rajya Sabha: The Bharatiya
Janata Party (BJP) has announced the appointment of the Union minister for
minority affairs, Mukhtar Abbas Naqvi as the deputy leader of the House in the
Rajya Sabha. Naqvi takes over from Piyush Goyal who has been elevated as the
leader of the house in the Upper House. Both Goyal and Naqvi have their job cut
out for them. They will have to handle the opposition in the Upper House and
ensure that the house proceedings are conducted smoothly to allow the passage
of bills.
5.
IIT Ropar develops first-of-its-kind Oxygen Rationing Device ‘AMLEX’: The Indian
Institute of Technology (IIT), Ropar has developed a first-of-its-kind Oxygen
Rationing Device called AMLEX, to save the oxygen which otherwise gets wasted
unnecessarily, and in turn, increase the life of medical oxygen cylinders three
folds. The device will supply a required volume of oxygen to the patient during
inhalation and will trip when the patient exhales carbon dioxide.The demand for
liquid medical oxygen increased four times to 2,800 TPD. Further, with the
second wave, the demand has gone up more than seven times—5,000 tonnes per day
against the pre-Covid 19 level of 700 TPD. So far, during exhalation, the
oxygen in the oxygen cylinder/pipe is pushed out along with the exhaled CO2 by
the user.
About the “AMLEX”: “AMLEX”, on the
other hand, was a system developed specifically for oxygen cylinders
synchronising the flow of oxygen with inhalation and exhalation of the patient,
thus conserving a large amount of oxygen in the reservoir for a long-lasting
operation. As “AMLEX” supplies a required volume of oxygen to the patient
during inhalation and trips when the patient exhales CO2, it saves the flow of
oxygen at that time.
6. National
Broadcasting Day: 23rd July: National Broadcasting Day is observed on
23rd July every year, to celebrate the radio, which has been an important part
of people’s life in India, both as an easy medium of entertainment along with
the news. On this day in 1927, the first-ever radio broadcast in the country
went on the air from the Bombay Station under the Indian Broadcasting Company.
History of National Broadcasting
Day: The
first radio broadcast was made on July 23, 1927, from Bombay Station. The station
was then owned by a private company called the Indian Broadcasting Company. The
Government took over the broadcasting on April 1, 1930, and renamed it as
Indian State Broadcasting Service (ISBS). It was initially on an experimental
basis. Later it permanently came under government control in 1932. On 8th of
June, 1936, the Indian State Broadcasting Service became All India Radio.
Currently, AIR is one of the largest public broadcasting organisations in the
world.
INTERNATIONALUPDATES:
1.
China unveils 600 kph maglev train makes public debut: China unveiled a
maglev train capable of a top speed of 600 kph. The maximum speed would make
the train, self-developed by China and manufactured in the coastal city of
Qingdao, the fastest ground vehicle globally. Using electromagnetic force, the
maglev train “levitates” above the track with no contact between body and rail.
China has been using the technology for almost two decades on a very limited
scale. About the train:
(1) Shanghai has a short maglev line
running from one of its airports to town.
(2) At 600 kph, it would only take 2.5
hours to travel from Beijing to Shanghai by train – a journey of more than
1,000 km.
(3) Launched in October 2016, the
high-speed maglev train project saw the development of a magnetic-levitation
train prototype with a designed top speed of 600 km per hour in 2019 and
conducted a successful test run in June 2020.
Note: China Capital: Beijing; China
Currency: Renminbi; China President: Xi Jinping.
2.
Jeff Bezos launches to space aboard New Shepard rocket ship: Billionaire Jeff
Bezos has made a short journey to space, in the first crewed flight of his
rocket ship, New Shepard. He was accompanied by Mark Bezos, his brother, Wally
Funk, an 82-year-old pioneer of the space race, and an 18-year-old student.
They travelled in a capsule with the biggest windows flown in space, offering
stunning views of the Earth. On this flight was the oldest person who has been
to space, Wally Funk and the youngest, student Oliver Daemen. When the capsule
touched back down after the 10-minute, 10-second flight, Jeff Bezos exclaimed:
“Best day ever!”. New Shepard, built by Bezos’ company Blue Origin, is designed
to serve the burgeoning market for space tourism.
Note: Amazon CEO: Andrew R. Jassy; Amazon
Founded: 5 July 1994.
OTHER UPDATES:
SPORTS
1.
Australia’s Brisbane to Host 2032 Olympic and Paralympic games: The International
Olympic Committee (IOC) has voted the Australian city of Brisbane as the host
city for the 2032 Summer Olympics and Paralympic Games. Brisbane is the third
Australian city to host the Olympic Games after Melbourne in 1956 and Sydney in
2000. With this, Australia will also become the only second country in the
world, after the United States, to stage the summer Olympic Games in three
different cities.
BANKING AND FINANCE
1.
SBI selects Paisalo as its National Corporate Business Correspondent: State Bank of India
(SBI) has selected “Paisalo Digital” as the National Corporate Business
Correspondent of the Bank for financial inclusion by providing banking services
through kiosks. The signing of the Service Level Agreement and other
formalities shall be done shortly. Paisalo is tapping into the Rs 8 lakh crore
market opportunity of small-ticket loans for India’s 365 million unbanked
population.
Ensuring superior financial inclusion and
increasing the outreach, the financial solutions company shall extend its
services and its reach to the general public including its existing customers
and new customers. As a business correspondent for State Bank of India, they
will focus and improve the synergy with the thrust of the already up and
running fully digital small loan business under SBI-Paisalo Loan
Co-origination.
About the Paisalo Digital Limited: Paisalo Digital
Limited is a Systemically Important Non-Deposit taking NBFC registered with the
Reserve Bank of India. The Company was incorporated in the year 1992 as a
Private Limited Company, converted itself in a Public Limited Company in the
year 1995 and got listed in the year 1996 through Initial Public Offer (IPO).
Presently the company is listed on NSE & BSE.
Note: SBI Chairperson: Dinesh Kumar Khara;
SBI Headquarters: Mumbai; SBI Founded: 1 July 1955.
BUSINESS AND ECONOMY
1.
ADB projected India’s economic growth forecast at 10% in FY22: The Asian
Development Bank (ADB) has downgraded India’s economic growth forecast for the
financial year 2021-22 (FY22) to 10 per cent, in its Asian Development Outlook
(ADO) Supplement for July. Earlier this was estimated at 11%. The multilateral
funding agency has lowered the GDP growth forecast on account of the adverse
impact of the coronavirus pandemic. Further, ADB has projected the GDP growth
rate for FY2022 (2022-23) to 7.5 per cent from the earlier projection of 7 per
cent.
2.
Goldman Sachs open its global centre in Hyderabad: Banking and
financial services major, Goldman Sachs has opened a new facility in Hyderabad
as part of its commitment to expand its global centre for engineering and
business innovation in India. Hyderabad is emerging as a key investment
destination for banking & financial service. The new office is expected to
have about 800 people by year-end and grow to over 2,500 people by 2023. The
new office will host functions across engineering, finance, human capital
management, and support for consumer banking, and specialise in digital
banking, artificial intelligence and machine learning areas.
Note: Goldman Sachs CEO: David M. Solomon
(Oct 2018–); Goldman Sachs Headquarters: New York, New York, United States;
Goldman Sachs Founded: 1869.
DEFENCE
1. OFT hands delivery of 25 remote control guns to Navy: Ordnance Factory Tiruchirappalli hands over Fifteen 12.7 mm M2 NATO Stabilized Remote Control Gun to Indian Navy & 10 to Indian Coast Guard. It is manufactured with the transfer of technology agreement from Elbit Systems, Israel. This gun is equipped with an inbuilt CCD camera, thermal imager & a laser range finder for observation & tracking of targets through the day and night operations. The gun is meant for marine applications and can remotely engage targets.
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