NATIONAL UPDATES:
1.
Perumkulam is Kerala’s first ‘Book Village’: Perumkulam, in Kollam District, has
been bestowed with the title Kerala’s first ‘Book Village’. This claim to fame
results from years of concerted efforts aimed at encouraging the habit of
reading. Perumkulam is a small village in Kulakkada near Kottarakkara in Kollam
district. BapujiSmarakaGrandhasala’, a library in the village is at the
forefront in this effort of making it the first book village of the State.
About the library:
(1) The library inculcates passion towards
reading by setting up bookshelves, or ‘Book Nests’ placed at different corners
of the village. Anybody can take books from the book nests, read them, and keep
them back.
(2) Eleven such shelves have been set up in
the village, and the house more than seven thousand books.
(3) The library also delivers books to
homes. Legendary Malayalam writer M.T. Vasudevan Nair hailed it as the ‘Book
village’.
(4) Following this, State Library Council
reported its unique feat to the Chief Minister, and he officially conferred the
title of ‘Book village’ to Perumkulam on this year’s Reading Day.
(5) The initiative of distributing books at
houses helped several people- not just to increase knowledge, but also to fight
the pandemic blues! A team has been deployed to distribute books by adhering to
COVID norms. Eminent author M. Mukundan serves as the library’s patron.
Note: Kerala CM: PinarayiVijayan; Kerala
Governor: Arif Mohammad Khan.
2.
GoI extends ‘Stand Up India Scheme’ up to 2025: The Government of
India has extended the duration of the ‘Stand Up India Scheme’ up to the year
2025. The scheme was launched by the Prime Minister on 05 April 2016 to
facilitate loans to Scheduled Caste, Scheduled Tribe and women borrowers, to
promote entrepreneurship among them.
About the scheme: The scheme offers
bank loans to women and SC & ST communities to encourage them in setting up
a greenfield enterprise, outside of the farm sector, that is in the
manufacturing, services or trading sector. A total of 1,16,266 loans amounting
to Rs. 26204.49 crore has been extended under the Scheme since its inception.
The loan under Stand Up India Scheme is extended by Scheduled Commercial Banks
(SCBs) between Rs. 10 lakh and Rs.1 Crore.
3.
IOC to set up first ‘green hydrogen’ plant at UP: Indian Oil
Corporation (IOC), India’s largest oil firm, will build the first ‘green
hydrogen’ plant of the country at its Mathura refinery, to meet the growing
demand for both oil and cleaner forms of energy. This will be the nation’s
first green hydrogen unit. Previously, projects have been announced to produce
‘grey hydrogen’ using fossil fuels such as natural gas.For this, the company
will make use of 250 MW of electricity which it produces from renewable sources
like solar power, to produce absolutely green hydrogen through electrolysis.
Mathura has been selected by virtue of its proximity to TTZ (Taj Trapezium
Zone). Hydrogen is the latest buzz for meeting the world’s energy needs.
Hydrogen, in itself, is a clean fuel but manufacturing it is energy-intensive
and has carbon byproducts.
Note: Indian Oil Corporation Chairperson:
ShrikantMadhav Vaidya; Indian Oil Corporation Headquarters: Mumbai; Indian Oil
Corporation Founded: 30 June 1959.
4.
Vice President releases book ‘PallekuPattabhishekam’: Vice President of
India, M Venkaiah Naidu has released a book titled ‘PallekuPattabhishekam’
authored by former MP Yalamanchili Sivaji. This book is based on rural India
and agriculture. The Vice President said that villages and agriculture are
intrinsically connected and we must address their issues holistically to bring
‘Gram Swarajya’ to our villages.
5.
RakeyshOmprakashMehra announces autobiography ‘The Stranger In The Mirror’: Filmmaker
RakeyshOmprakashMehra has announced his autobiography, “The Stranger In The
Mirror”. He has co-written the book with
noted author Reeta Ramamurthy Gupta. The autobiography has published by Rupa
Publications, the book will hit the stands across the country on July 27. Ad
maker-turned-director Mehra, known for helming movies like Rang De Basanti,
Delhi-6, BhaagMilkhaBhaag and the recently released Toofan. According to a
press release, The Stranger In The Mirror features first-person accounts of
noted personalities from the cinema and advertising world including Waheeda
Rahman, A.R. Rahman, Bajpayee, Abhishek Bachchan, Akhtar, Kapoor Ahuja, Tandon,
Ronnie Screwvala, Atul Kulkarni, R. Madhavan, Divya Dutta and PrahladKakar.
6.
AaykarDiwas (Income Tax Day): 24th July: The Central Board of Direct Taxes
(CBDT) observed the 161st Income Tax Day (also known as AaykarDiwas) on 24 July
2021. In India, the Income Tax Day is celebrated every year on July 24, as it
was on 24 July 1980 that Income Tax was introduced for the first time in India
by Sir James Wilson. The purpose of this tax was to compensate for the losses
incurred by the British regime during the first war of independence against
British Rule in 1857. July 24 was first celebrated as Income Tax day in 2010.
Note: Central Board of Direct Taxes
chairman: JagannathBidyadharMohapatra; Central Board of Direct Taxes
Established: 1924; Central Board of Direct Taxes Headquarters: New Delhi.
INTERNATIONALUPDATES:
1.
Leftist school teacher Pedro Castillo declared New Peru President: Rural
teacher-turned-political novice, Pedro Castillo became the winner of Peru’s
presidential election after the country’s longest electoral count in 40 years.
Castillo, whose supporters included Peru’s poor and rural citizens, defeated
right-wing politician Keiko Fujimori by just 44,000 votes. Electoral
authorities released the final official results more than a month after the
runoff election took place in the South American nation. The economy of Peru,
the world’s second-largest copper producer, has been crushed by the coronavirus
pandemic, increasing the poverty level to almost one-third of the population
and eliminating the gains of a decade.
Note: Peru Capital: Lima; Peru Currency:
Sol.
2.
Ariel Henry to take over as new Haitian Prime Minister: Ariel Henry has
formally assumed the post of Prime Minister of Haiti. He assumed the role of
the leader of the Western Hemisphere’s poorest nation in a ceremony in the
capital Port-Au-Prince. Henry was installed as head of a new government in an
attempt to stabilize a country on the brink of chaos since the murder of
President JovenelMoise at his residence in the early hours of July 7. The
swearing-in of Henry, who was named to the post by Moise days before his death,
was seen as a key step towards holding elections as demanded by many Haitians.
Note: Haiti Capital: Port-au-Prince; Haiti
Currency: Haitian gourde; Haiti Continent: North America.
OTHER UPDATES:
SPORTS
1.
AmanGulia and SagarJaglan become cadet world champions: Young wrestlers
AmanGulia and SagarJaglan emerged as the new world champions in their
respective categories as India dished out an impressive show on the second day
of the Cadet World Championship 2021 at Budapest, Hungary. Gulia emerged the
winner with a convincing 5-2 win over American Luke Joseph Lilledahl in a 48kg
final while Jaglan blanked James Mockler Rowley 4-0 in the 80kg summit clash.
BANKING AND FINANCE
1.
ICICI Bank, HPCL launch ‘ICICI Bank HPCL Super Saver’ Credit Card: ICICI Bank has
announced the launch of a co-branded credit card with Hindustan Petroleum
Corporation Limited (HPCL) to enable users to get benefits and reward points
for using multiple credit cards in one. Named, ‘ICICI Bank HPCL Super Saver
Credit Card’, the card offers best-in-class rewards and benefits to customers
on their everyday spends on fuel as well as other categories including
electricity and mobile, departmental stores like Big Bazaar and D-Mart, and
e-commerce portals, among others. Powered by VISA, the card is unique among its
peers which typically offer benefits on only one category of spends.
Customers can apply for the ‘ICICI Bank
HPCL Super Saver Credit Card’ through the Bank’s internet banking platform or
the mobile banking app, iMobile Pay. They get a digital card in a 100%
contactless and paperless manner. The physical card is also sent to the
customer by ICICI Bank within a few days. Further, customers can manage their
transaction settings and credit limit conveniently on the iMobile Pay app.
Note: ICICI Bank Headquarters: Mumbai,
Maharashtra; ICICI Bank MD & CEO: Sandeep Bakhshi; ICICI Bank Tagline: Hum
Hai Na, KhayalApka;
Hindustan Petroleum Corporation Limited
Headquarters: Mumbai; Hindustan Petroleum Corporation Limited CEO: Mukesh Kumar
Surana; Hindustan Petroleum Corporation Limited Chairperson: Mukesh Kumar
Surana.
2.
Kotak Mahindra Bank signs MoU with the Indian Navy for salary account: The Indian Navy has
signed a Memorandum of Understanding (MoU) with Kotak Mahindra for salary
accounts of all its personnel – both serving and retired. The bank will
reportedly offer special salary account benefits to the Indian Navy like
enhanced complimentary personal accident insurance cover, special education
benefit for children, and additional girl child benefit, and attractive rates
and zero processing fees on personal loans, home loans and car loans.
The Kotak salary account provides a range
of privileges, and we have further personalized our offering, keeping in mind
the requirements of Indian Navy personnel and their families. With a full suite
of products, we will support the Indian Navy with all their banking
requirements, backed by quality customer service and digital-first solutions.
Note: Chief of Naval Staff: Admiral
Karambir Singh; Indian Navy Founded: 26 January 1950.
Kotak Mahindra Bank Establishment: 2003;
Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra; Kotak Mahindra Bank MD
& CEO: Uday Kotak.
BUSINESS AND ECONOMY
1.
Dvara E-Dairy partners with IFFCO Tokio General Insurance for AI-led tag: Dvara E-Dairy
Solutions, a portfolio company of Dvara Holdings has launched an artificial
intelligence (AI) led digital tag ‘Surabhi e-Tag’ to identify cattle based on
muzzle identity. This will be used for cattle insurance products offered in
partnership with IFFCO Tokio General Insurance.
Under this initiative:
(1) Muzzle images of the cattle are
collected through the Surabhi mobile application and stored in hi-resolution
images as a unique digital identity.
(2) The artificial intelligence-driven
mobile application of Dvara E-Dairy captures muzzle images with the mobile
phone, compares the cattle’s unique digital identity stored in a secured cloud
server and retrieves the results in less than 60 seconds.
(3) Conventional methods like polyurethane
ear tags (PU ear tags) can be easily tampered with and are prone to duplication
and fraud.
(4) Also, Injectable Radio Frequency
Identification (RFID) tags are considered expensive and require specialized
skills.
(5) On the other hand, muzzle printing or
nose printing is a unique identifier because it perceives patchy traits on the
muzzle of cattle, just like human fingerprints.
Note: IFFCO Tokio General Insurance CEO:
Anamika Roy Rashtrawar; IFFCO Tokio General Insurance Headquarters: Gurugram;
IFFCO Tokio General Insurance Founded: 2000.
DEFENCE
1.
DRDO successfully flight-tests indigenously developed MPATGM: The Defence
Research and Development Organisation (DRDO) successfully flight-tested
indigenously developed third-generation Man-Portable Antitank Guided Missile
(MPATGM) for its minimum range. The missile was launched from a man-portable
launcher integrated with a thermal site, and all the mission objectives were
met.
About the Missile: The missile has
already been flight-tested for the maximum range. MPATGM is a low weight, fire
and forgets missile, incorporated with state-of-the-art Miniaturized Infrared
Imaging Seeker along with advanced avionics. It is being developed to
strengthen the combat capabilities of the Indian Army.
Note: Chairman DRDO: Dr G Satheesh Reddy;
DRDO Headquarters: New Delhi; DRDO Established: 1958.
2. DRDO successfully test-flights surface-to-air missile ‘Akash-NG’: The Defence Research & Development Organisation (DRDO) successfully flight-tested the New Generation Akash Missile (Akash-NG), from Integrated Test Range (ITR) off the coast of Odisha. The Akash missile system has been developed by the DRDO’s laboratory in Hyderabad in collaboration with other wings of the premier defence research organisation. The Akash-NG weapon system is a surface-to-air missile that can strike targets at a distance of around 60 km and fly at a speed of up to Mach 2.5. The flight data on the missile confirmed the success of the test. DRDO deployed a number of monitoring mechanisms such as electro-optical tracking systems, radar and telemetry.