NATIONAL UPDATES:
1. Telangana registers first FIR under New Bharatiya Nyaya Sanhita at Charminar Police Station: In Telangana, the first FIR under the new Bharatiya Nyaya Sanhita, 2023, (BNS) which replaces the Indian Penal Code (IPC) from July 1, has been registered at the Charminar police station in Hyderabad. An FIR under Section 281 of the BNS and sections 80(a) and 177 of the MV Act was registered by the Charminar police at 1 a.m. after they were found riding with improper number plates. An hour later, the Rajendranagar police registered a case under Section 104 of the BNS following the death of a driver who crashed into the divider on the PVNR Expressway.
2. Andhra Pradesh launches NTR Bharosa Pension: Andhra Pradesh Chief Minister Chandrababu Naidu has launched the NTR Bharosa pension scheme in the state. The Telugu Desam Party (TDP) led government, which was sworn in on 12 June 2024, was fulfilling one of its election promises.
Under the NTR Bharosa pension scheme, the pension for old-aged people, widows, weavers, toddy tappers, fishermen, single women, traditional cobblers, transgenders and artists has been increased from Rs 3,000 to Rs 4,000 per month. Pension for the disabled and multi-deformity leprosy patients has been increased from Rs 3,000 to Rs 6,000 per month. The pension amount has been increased from Rs 5,000 to Rs15,000 for fully disabled people confined to beds or wheelchairs and those with severe muscular dystrophy.
INTERNATIONAL UPDATES:
1. 2 July – World Sports Journalists Day: World Sports Journalist Day is celebrated every year on July 2. Sports Journalists Day marks the success of sports media professionals and motivates them to put more effort into spreading knowledge about sports among the general public. The International Sports Press Association (AIPS) established World Sports Journalists Day on July 2, commemorating the formation day of AIPS as an organisation in 1994 during the Summer Olympics in Paris. This day is marked to honour the outstanding work of journalists in the field of sports journalism. Over the years, many sports media professionals have been honoured for their accomplishments on this special day.
2. 2 July – World UFO Day: World UFO Day is observed every year on 2 July. This extraordinary day is all about studying the Unidentified Flying Objects (UFOs) and bringing people together to discuss possibilities of life beyond Earth. It was first celebrated on June 24. In 1947, Kenneth Arnold’s well-known UFO sighting prompted the selection of this date. The date was later postponed to July 2. July 2 marks the anniversary of the 1947 Roswell incident.
3. 3 July- International Plastic Bag Free Day: International Plastic Bag Free Day is observed annually on July 3. Objective – To raise awareness about the problem of plastic pollution. It also emphasises the significant threat plastic poses to ecosystems, particularly affecting terrestrial and marine species. Rezero, a member of Zero Waste Europe (ZWE), initiated the first International Plastic Bag Free Day on July 3, 2008. The occasion was initially celebrated in Catalonia alone but gained wider recognition the following year when ZWE introduced it to the European Union.
4. 3 July – Disobedience Day: Disobedience Day is observed every year on 3 July. Disobedience Day invites us to reflect on the profound impact of civil disobedience throughout history and its relevance in contemporary society. This observance not only commemorates pivotal moments in the struggle for justice and rights but also serves as a reminder of the power of collective action and nonviolent resistance. The history of civil disobedience is rich and varied, reflecting diverse struggles for human rights, freedom, and equality around the world.
OTHER UPDATES:
DEFENCE
1. IAF chief inaugurates newly established weapon systems school: Indian Air Force Chief Air Chief Marshal V.R. Chaudhari has inaugurated the newly established Weapon Systems School (WSS) at Air Force Station Begumpet, Hyderabad. This follows the approval for the creation of a new Weapon System (WS) branch in 2022. The new branch will have four streams;
2. LG NS Raja Subramani assumes charge as Vice Chief of Army Staff: Lieutenant General NS Raja Subramani assumed the charge as the Vice Chief of Army Staff on 1 July 2024. He replaced former Vice Chief of Army Staff Lieutenant General Upendra Dwivedi, who took charge as the 30th Chief of Army Staff on 1 July 2024. Before his appointment as the Vice Chief of Army Staff, Lieutenant General NS Raja Subramani was the Commander-in-Chief of the Army’s Central Command based in Lucknow. While, Lieutenant General Manjinder Singh assumed command of the Jaipur-based South-Western Command of the Indian Army, also known as the Sapta Shakti Command. The Sapta Shakti command was raised in 2005.
3. Indian Army contingent departs for 13th edition of Joint Military Exercise MAITREE: The Indian Army contingent departed for the 13th edition of India-Thailand joint military Exercise MAITREE being conducted from the 1st to 15th of July at Fort Vachiraprakan in Tak Province of Thailand. The Indian Army contingent comprising 76 personnel is being represented mainly by a Battalion of the Ladakh Scouts along with personnel from other arms and services. The Royal Thailand Army contingent also comprises 76 personnel mainly from 1st Battalion, 14 Infantry Regiment of 4 Division. Exercise MAITREE aims to foster Military Cooperation between India and Thailand. The Exercise will enhance combined capabilities in executing Joint Counter Insurgency and Terrorist Operations in Jungle and Urban Environments under Chapter VII of the United Nations Charter. The last edition of the same exercise was conducted at Umroi, Meghalaya in September 2019.
SPORTS
1. India’s Jyothi Yarraji wins Gold in Women’s 100m Hurdles at National Inter State Senior Athletics Championships: India’s Jyothi Yarraji has won gold medal in the Women’s 100m Hurdles at the National Inter State Senior Athletics Championships in Panchkula. Jyothi won with a timing of 13.06 seconds. While in Men’s 110m Hurdles, Tejas Shirse won the gold medal with a timing of 13.54 seconds. Both Jyothi and Tejas are most likely to qualify for Paris Olympics via World rankings.
BANKING AND FINANCE
1. SEBI raised Basic Demat Account Limit to Rs 10 Lakhs: Securities and Exchange Board of India (SEBI) has increased the limit for the Basic Service Demat Account (BSDA) to Rs 10 lakhs from the current Rs 2 lakhs to encourage small investors to participate in the securities market. The new guidelines will be effective from September 1, 2024, per the SEBI’s circular. This move is expected to support the growth of demat accounts, although the rate of increase may be gradual. The basic service demat account (BSDA) is a simplified version of a regular demat account. The maintenance charges of these accounts will be nil for holding securities of over Rs 4 lakh in value, while for value of more than Rs 4 lakh and up to Rs 10 lakh, the same will be Rs 100.
2. SBI launches web-based digital business loans solution for MSMEs’ invoice financing: State Bank of India (SBI) has launched “MSME -Sahaj”, a web-based digital business loans solution for MSMEs’ (micro, small and medium enterprises) invoice financing. With the new web-based solution, the Bank’s customers can avail finance against their Goods and Service Tax (GST) registered sales invoices of up to ₹1 lakh in less than 15 minutes. The purpose of the product is to provide “on tap” short-term credit for working capital needs to MSME units who are part of the GST regime. MSME Sahaj is a data-driven invoice financing credit assessment engine which will provide end-to-end solution — from applying the loan, documentation and disbursement of the sanctioned loan — within 15 minutes, without any manual intervention.
3. Bandhan Bank launches online collection of direct taxes facility: Bandhan Bank has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India. As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches. The service is available through internet banking, payment gateway, cash, cheque, or demand draft. With over 6,300 banking outlets across 35 states and UTs, Bandhan Bank serves over 3.35 crore customers.
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