Daily GK Update- 17th July, 2024

 NATIONAL UPDATES:

 

1. Uttarakhand govt portal eSwasthya Dham integrates with Ayushman Bharat Digital: The Uttarakhand Government’s Department of Health and Family Welfare has launched a portal called eSwasthya Dham. eSwasthya Dham portal helps in monitoring the Char Dham Yatra pilgrim’s health parameters. It ensures the smooth journey of pilgrims visiting Yamunotri, Gangotri, Kedarnath, and Badrinath together called as the Char Dham Yatra. The eSwasthya Dham portal provides a range of benefits to the pilgrims and one of them is the generation of ABHA. Pilgrims can easily create their ABHA 14-digit number at the eSwasthya Dham portal in a couple of minutes. Till date, over 65 crore ABHA have already been created. ABHA comes with several benefits for citizens including storing and managing their health records safely. It also allows them to share their health records securely with a doctor anytime and anywhere with their consent.

 

2. Coca-Cola India and Gram Unnati collaborate to revolutionize mango cultivation in Karnataka: Coca-Cola India, in collaboration with agri solutions provider Gram Unnati has announced the launch of “Project Mango Unnati.” The initiative aims to revolutionise sustainable mango cultivation in Karnataka, focusing on the Alphonso and Totapuri varieties. Project Unnati will collaborate closely with state horticulture agencies such as Krishi Vigyan Kendra (KVK), the Mango Board, the Indian Institute of Horticultural Research (IIHR), and various horticulture departments across different districts. With Project Mango Unnati, we aim to elevate the livelihoods of farmers with adv. horticulture solutions, empowering them to significantly increase their incomes.

 

3. Jayant Chaudhary launches Skill India Digital Hub for Transparent Scheme Access: Jayant Chaudhary, Union Minister of State (Independent Charge) at the Ministry of Skill Development and Entrepreneurship (MSDE), launched the Skill India Digital Hub (SIDH) Portal. The portal’s primary objective is to ensure beneficiaries have access to complete information about all schemes. It aims to enhance transparency and facilitate easier access to skill development opportunities across India.

 

4. Manoj Saunik Chairman of as MahaRERA: Former Chief Secretary of Maharashtra, Manoj Saunik has been appointed as the Chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA). He will succeed Ajoy Mehta, whose term ends in September 2024. Saunik, an IAS officer of the 1987 batch, retired as Chief Secretary in December 2023 and currently serves as the Principal Advisor to the Chief Minister.

 

5. CSIR DG N Kalaiselvi gets two-year extension: Nallathamby Kalaiselvi, the first woman Director General of the Council of Scientific and Industrial Research (CSIR), was granted a two-year extension in service. She was appointed to the post in August 2022 following the superannuation of Shekhar Mande in April that year. She will also hold the charge of Secretary, Department of Scientific and Industrial Research. Kalaiselvi’s research work of more than 25 years is primarily focused on electrochemical power systems and in particular, development of electrode materials, and electrochemical evaluation of in-house prepared electrode materials for their suitability in energy storage device assembly.

 

6. President Murmu appoints Justice N. Kotiswar Singh, R. Mahadevan as Judges of SC: President Droupadi Murmu has appointed Justice N. Kotiswar Singh and R. Mahadevan as Judges of the Supreme Court. Justice N. Kotiswar Singh is currently Chief Justice of High Court of Jammu and Kashmir and Ladakh, while Justice R. Mahadevan as Judge of Madras High Court. A five-member Supreme Court Collegium headed by Chief Justice of India D.Y. Chandrachud had recommended their names in a resolution on July 11. The Centre notified the two appointments which would return the top court to its full sanctioned strength of 34 judges. The two judges would replace Justices Aniruddha Bose and A.S. Bopanna, who had retired in April and May, respectively, this year.

 

INTERNATIONAL UPDATES:

 

1. Asia’s First Pre-Clinical Network Facility inaugurated in Faridabad: Minister of State for Science and Technology, Dr. Jitendra Singh has inaugurated Asia’s first health research-related “Pre-clinical Network facility” at the Translational Health Science & Technology Institute” (THSTI), Faridabad. The facility will be the 9th such network laboratory across the globe and the first such laboratory in the whole of Asia. The facility includes a large experimental Animal Facility accommodating 75,000 mice and other species. About THSTI THSTI, part of BRIC under the Department of Biotechnology, fosters collaborations for vaccine development and research in diseases like Nipah and Influenza. It supports fundamental and translational research, biomarker identification, and research collaborations across sectors.

 

2. Paul Kagame re-elected for 4th term as Rwandan President: President Paul Kagame has secured a decisive victory in Rwanda’s 2024 presidential election, capturing 99.15% of the votes. This marks his fourth consecutive term in office. Two challengers, Frank Habineza of the Democratic Green Party and independent candidate Philippe Mpayimana, garnered 0.53% and 0.32% of the counted votes, respectively. Approximately 65% of Rwanda’s population, predominantly under 35 years old, participated in the election.

 

3. Malta’s Metsola to head EU Parliament for 2nd term: Roberta Metsola secured broad backing for a new term as president of the European Parliament, becoming the first woman to win a second term as head of the EU assembly. Metsola, a Maltese lawmaker who in 2022 became the first woman in 20 years to head the European Union assembly, is only the second president, after Germany’s Martin Schulz, to win another term since the EU Parliament became a directly elected institution in 1979. Metsola was approved by a large majority of EU lawmakers to lead the EU assembly for a further two and a half years, with 562 backing her reappointment, out of the 623 that voted. She was the first leader of an EU institution to visit Kyiv following Russia’s February 2022 invasion, and has consistently backed Ukraine’s bid to join the EU.

 

4. 17 July – World Day for International Justice: World Day for International Justice is observed every year on 17 July. It is a day dedicated to promoting international criminal justice and honouring the fight against impunity for the most serious crimes that affect the international community. The origin of the World Day for International Justice dates back to July 17, 1998, when the Rome Statute was adopted, establishing the International Criminal Court (ICC). The ICC is the first permanent international court capable of prosecuting individuals accused of genocide, crimes against humanity, war crimes, and crimes of aggression when national courts are unable or unwilling to do so.

 

5. 17 July – World Emoji Day: World Emoji Day is observed every year on 17 July. The main objective of World Emoji Day is to promote and celebrate the widespread use of emojis, which have become an integral part of modern communication. The evolution of emojis has transformed simple text-based messages into expressive exchanges. The journey began in the 1980s with basic text-based emoticons like “:-)” and “:-(.” In 1999, a Japanese designer created the first set of emojis for a mobile company, leading to their global adoption.

 

OTHER UPDATES:

DEFENCE

 

1. IAF contingent arrives at Royal Australian Air Force base, to participate in Ex Pitch Black 2024: An Indian Air Force (IAF) contingent landed at the Royal Australian Air Force RAAF) base Darwin, Australia for participating in Exercise Pitch Black 2024. The exercise is scheduled to be conducted from July 12 to August 2, 2024, and is a biennial, multi-national exercise hosted by the RAAF. The name ‘Pitch Black’ was derived from the emphasis on night time flying over large un-populated areas. This edition is slated to be the largest in the 43-year long history of Ex Pitch Black, which includes participation by 20 countries, with over 140 aircraft and 4,400 military personnel of various air forces. The exercise will be focusing on Large Force Employment warfare aimed at strengthening international cooperation and shall facilitate experience with the IAF Su-30 MKI operating alongside the F-35, F-22, F-18, F-15, Gripen, and Typhoon fighter aircraft. The IAF has previously participated in the 2018 and 2022 editions of this exercise.

 

BANKING AND FINANCE

 

1. Kotak Mahindra Bank integrates physical and digital branches in new distribution structure: Kotak Mahindra Bank (KMB) has unveiled a new distribution structure, integrating the physical branch network, digital branch channel (encompassing mobile banking and net banking platforms), and voice channel. As part of the new distribution structure, the private sector lender appointed Pranav Mishra as the Head of Distribution. The new distribution structure is aimed at delivering an omn-channel seamless experience for customers across all group products and services. The new structure will ensure a seamless experience for customers across all interaction channels by building synergy and improving service delivery.

 

2. Bajaj Finserv AMC launched Savings+ product for retail investors: Bajaj Finserv Asset Management has launched a new financial product for retail investors looking to get returns on their idle savings. Finserv Savings+ offering seeks to bridge the gap between traditional savings accounts and more lucrative investment options. Savings+ allows investors to identify surplus cash in their savings accounts and seamlessly invest it in Bajaj Finserv AMC Liquid Fund and Overnight Fund. These funds promise competitive returns while maintaining the liquidity that consumers expect from savings accounts.

 

3. IMF Raises India’s Growth Forecast to 7 % for 2024-25: The International Monetary Fund (IMF), in its World Economic Report, has raised its forecast for India’s gross domestic product (GDP) growth rate in 2024-25 by 20 basis points (bps) to 7 per cent. In the earlier April report, it had projected a growth rate of 6.8 per cent for the financial year 2024-25. The growth forecast for 2025-26 has remained unchanged at 6.5 per cent. The Reserve Bank of India expects the GDP to grow by 7.2 per cent in 2024-25.

 

Daily GK Update- 16th July, 2024

 NATIONAL UPDATES:

 

1. IIT Delhi and Prasar Bharati host Robot Competition ‘DD-Robocon’ India 2024 in Delhi: IIT Delhi and Prasar Bharati host the two-day Robot Competition ‘DD-Robocon’ India 2024 at Thyagaraj Stadium in Delhi. More than 750 students from over 45 colleges, institutions, and universities participated in the competition. The winning team from DD-Robocon will represent India at the international Asia-Pacific Broadcasting Union Robocon 2024, which will take place in QuangNinh, Vietnam. DD-Robocon India aims to promote technical skill development, innovation, and teamwork among engineering students by providing visibility and recognition in the field of robotics. The competition is an esteemed platform for showcasing and advancing the students’ engineering and robotics capabilities.

 

2. Sudarsan Pattnaik wins gold at International Sand Sculpture Championship: Renowned Indian sand artist Sudarsan Pattnaik has won Golden sand master award with a gold medal at international sand sculpture championship held at St. Petersburg, Russia. Patnaik only participant from India has created 12 feet high sand Ratha (chariot) of Mahaprabhu Jagannath with his devotee and poet Balaram Das. Balaram Das who was the author of Dandi Ramayan was a great devotee of Lord Jagannath in fourteenth century A.D.

 

3. Eastern India’s 1st University for students with disabilities to be opened in Ranchi: The Jharkhand government is working on a plan to open eastern India’s first university for physically challenged students in the state. The proposed university will offer education according to the needs of students with disabilities. There will be arrangements for special courses and educational equipment for students with disabilities. They will be provided education according to their needs. The department also proposed a ‘Navothan Scholarship Scheme’, under which the government will reimburse the full course fee (up to a maximum of Rs 10 lakh per year) of meritorious orphan and physically challenged students of the state. Besides, these students will be given assistance of Rs 48,000 per year for lodging and food arrangements.

 

4. Vikram Misri takes over as foreign secretary: Vikram Misri took charge as the 35th Foreign Secretary after Vinay Kwatra completed his tenure. Misri, an officer of the 1989 batch of the Indian Foreign Service (IFS) who has the rare distinction of serving as private secretary to three prime ministers, last held the post of deputy national security advise Misri who served as a Deputy National Security Adviser before the current assignment, served in China during the 2020 Galwan conflict and is also known to have extensive contacts in conflict-torn Myanmar where he served as India’s Ambassador during 2016-18.

 

5. 16 July – National Cherry Day: National Cherry Day is celebrated every year on 16 July. This day not only honors the fruit itself but also highlights its significance in culinary traditions and its numerous health benefits. The origins of National Cherry Day can be traced back to the cherry-growing regions where farmers and communities would come together to harvest and enjoy the fresh cherries of the season. Over time, it has grown into a popular observance that promotes cherries both for their taste and their health benefits.

 

INTERNATIONAL UPDATES:

 

1. India and Marshall Islands sign MoU on development projects: India has signed an agreement with the Marshall Islands to provide an annual grant for four community development projects as part of New Delhi’s outreach to Pacific Island states. The MoU was signed at the Indian embassy in Tokyo by India’s ambassador to Japan, Sibi George, and foreign minister Kalani Kaneko of Marshall Islands. The embassy in Tokyo is also responsible for overseeing relations with Marshall Islands. The MoU will enable the implementation of a community sports centre in Ailuk Atoll, an airport terminal on Mejit Island, and community centres at Arno and Wotje Atolls.

 

2. India to host 2nd Asia Pacific Ministerial conference on civil aviation: India will host the second Asia Pacific Ministerial Conference on civil aviation on September 11 and 12, 2024. The first conference was organized in February 2018 in Beijing. As many as 39 Member States of U.N. aviation safety body International Civil Aviation Organization fall in the Asia Pacific region and are expected to participate. This region recorded the 33.41% of the global departures, which is the highest among all the regions in the world and it is indeed opportune that the second ministerial conference to consolidate Asia Pacific regional collaboration and co-operation to craft a futuristic vision in the region including a culture of innovation and a culture of safety is being held here.

 

3. Global Conference on Space Research Kicked off in South Korea’s Busan: A global conference on space research kicked off in South Korea’s Busan city to foster international scientific research in space. According to the Korea Aero Space Administration (KASA), about 3,000 space scientists and industry officials from 60 nations attended the 45th Scientific Assembly of the Committee on Space Research. It marks the first time that South Korea is hosting the biennial global conference.

 

4. Sri Lanka to host the ICC Annual Conference from July 19 to 22: Sri Lanka Cricket will host the Annual Conference of the International Cricket Council (ICC) in Sri Lanka from July 19th to 22nd, 2024. The mega cricket conference will bring together over 220 delegates from 108 ICC member countries from across the world, covering regions such as Africa, the Americas, Asia, East Asia Pacific, and Europe. This year’s conference, themed “Capitalizing on the Olympic Opportunity,’ will discuss topics such as ‘Diversity and Inclusion,’ ‘environmental sustainability and the sport,’ and ‘Cricket’s triumphant return at LA28. The annual conference will consist of a series of key meetings, workshops, and networking sessions, and key decisions will be taken for the benefit of the future of the game.

 

5. 16 July – World Snake Day: World Snake Day is celebrated every year on 16 July. It is dedicated to raising awareness about the diverse and often misunderstood reptiles. The day aims to educate the public about the role snakes play in ecosystems, dispel myths, and promote conservation efforts. India is home to around 300 snake species, and World Snake Day is a great time to promote the importance of snake conservation and dispels misconceptions.

 

OTHER UPDATES:

 

SPORTS 

 

1. World Championship of Legends 2024: India Champions Clinch Title with over Pakistan Champions: In a pulsating finale of the World Championship of Legends 2024, India Champions emerged victorious by defeating arch-rivals Pakistan Champions by five wickets here at Edgbaston. Pakistan Champions, after winning the toss, elected to bat first. The Pakistani innings got off to a solid start with Kamran Akmal (24 off 19) and Maqsood (21 off 12) providing an early burst of runs. However, the Indian bowlers managed to keep the scoring in check with regular wickets.

 

2. Spain defeats England 2-1 to clinch record 4th European Soccer Championship Title: In Football, Spain won its record fourth European soccer championship after defeating England 2-1 in the finals of Euro 2024 in Berlin. Nico Williams provided the first goal for Spain, scoring less than two minutes into the second half after a scoreless opening. This is England’s second consecutive runner-up finish, having lost to Italy in the final of Euro 2020. The country has never won a European championship and its last major international tournament win was the 1966 World Cup.

 

3. Thomas Muller Retires from International Football: Thomas Müller, the German football icon, has announced his retirement from international football following the conclusion of Euro 2024.

The 34-year-old featured in his eighth and last tournament on July 5, in Germany’s 2-1 quarter-final defeat by Spain, where he was brought on as a substitute in the 80th minute. Muller helped Germany win the 2014 World Cup and has the third most appearances for the national team with 131 caps and 45 goals. He also won the Golden Boot and Young Player Award during the 2010 World Cup, when Germany finished third.

 

BANKING AND FINANCE

 

1. SBI hikes benchmark MCLR rate: State Bank of India, the country’s largest state-run lender, has hiked its marginal cost of funds-based lending rate (MCLR) across buckets by 5 to 10 basis points with effect from 15 July. Most loans to corporates, including SMEs, are priced using MCLR as a benchmark. The revision in MCLR reflects the changes in cost of funds. The lender hiked the rate for one-month MCLR by five basis points to 8.35 per cent. For one year, MCLR has been hiked by 10 basis points to 8.85 per cent. For the three-year period, it has been raised by five basis points to 9.0 per cent, according to data uploaded on SBI website.

 

2. Wholesale Inflation in country rises for 4th consecutive month in June at 3.36 %: Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent because of the rise in prices of food articles, especially vegetables and manufactured items. The wholesale price index (WPI) based inflation was 2.61 per cent in May. It was (-) 4.18 per cent in June 2023.

Data released last week showed that retail inflation rose to a four-month high of 5.1 per cent in June.

 

 

Daily GK Update- 15th July, 2024

 NATIONAL UPDATES:

 

1. Centre declares June 25 as “Samvidhaan Hatya Diwas’: The Union government announced that June 25 will be observed annually as “Samvidhaan Hatya Diwas” to honor those who opposed and fought against the injustices during the Emergency imposed by Prime Minister Indira Gandhi in 1975. To observe 25th June as Samvidhaan Hatya Diwas will serve as a reminder of what happens when the Constitution of India was trampled over. It is also a day to pay homage to each and every person who suffered due to the excesses of the Emergency, a Congress unleashed dark phase of Indian history.” On 25 June 1975, the then Prime Minister Indira Gandhi, showing her dictatorial mindset, strangled the soul of Indian democracy by imposing an emergency in the country. Lakhs of people were jailed without any reason and the voice of the media was suppressed. The Government of India has decided to celebrate 25 June every year as ‘Samvidhan Hatya Diwas.

 

2. Amit Shah inaugurated PM College Of Excellence in All 55 Districts of MP: Union Home Minister Amit Shah has inaugurated Prime Minister College of Excellence in all 55 districts of Madhya Pradesh from Indore. All courses will be offered in Excellence Colleges as per the new education policy. Apart from this, all resources will be available in these colleges. The students will get academic benefit. Under the Vibrant Villages Programme scheme, 136 border villages are being provided connectivity through 113 all-weather road projects at a cost of two thousand 420 crore rupees.

 

3. NITI Aayog launches ‘NITI GearShift Challenge’ as part of E-FAST India initiative: NITI Aayog has launched the ‘NITI GearShift Challenge’ as part of the e-FAST India initiative. This pioneering hackathon aims to foster innovative business models for the adoption of zero-emission trucks in India, addressing the nation’s pressing economic and environmental challenges. NITI Aayog has also invited students, transport service practitioners, academics, and researchers to develop innovative business models that address financial, technical, and operational challenges in the adoption of electric trucks. The program has garnered participation from e-FAST India knowledge partners, financial institutions, and industry forums.

 

4. Bajaj Electricals appoints Vishal Chadha as COO of its Consumer Products Division: Bajaj Electricals Ltd has appointed Vishal Chadha as Chief Operating Officer of its Consumer Products Division. Chadha has been in General Management roles since 2016, first at Snapdeal where he was the Chief Business Officer, followed by a brief stint at Reliance Brands before joining Kohler as Managing Director-India and South Asia where he ran the entire India business, per the regulatory filing. He has experience across FMCG, consumer devices, and e-commerce.

 

5. Robert Ravi appointed as the CMD of BSNL: The government has appointed Robert Jerard Ravi as the new BSNL Chairman and Managing Director (CMD) for a period of six months. Ravi is currently appointed as deputy director general, standards, research and innovation at the department of telecommunications (DoT). He will hold additional charge as CMD BSNL, CMD MTNL, and CMD BBNL. Ravi will replace PK Purwar, whose tenure is expiring on July 14. Purwar assumed charge as BSNL CMD in July 2019.

 

6. Paytm Payments Bank appoints Arun Bansal as new CEO: Paytm Payments Bank, an associate entity of One97 Communications (OCL), which operates the Paytm brand, has appointed Arun Kumar Bansal as Managing Director (MD) and Chief Executive Officer (CEO). Bansal is a former IDBI Bank executive. He resigned from his position as the executive director and head of treasury (on contract) at IDBI Bank.

 

INTERNATIONAL UPDATES:

 

1. India to organize World Audio Visual and Entertainment Summit in November: India will organize the World Audio Visual and Entertainment Summit from 20th to 24th November in Goa.

India will host the Summit which will be a landmark event for the Media and Entertainment industry the world over. At the curtain raiser event in New Delhi along with Chief Minister of Goa Pramod Sawant, Mr. Vaishnaw said, the media and entertainment world is undergoing a structural change and has seen immense technology infusion. The role of public policy is to enable the harnessing of the best out of this structural change.

 

2. The First Woman Chief Justice of Lahore Takes Oath: Justice Aalia Neelum took oath as the Chief Justice of the Lahore High Court (LHC) of Pakistan, making her the first woman to be elevated as the court’s top judge. Punjab Governor Sardar Saleem Haider Khan administered the oath of office to her. Punjab province’s first woman Chief Minister Maryam Nawaz was also present in the oath-taking ceremony. Justice Neelum, 57, stood third in the seniority list of judges of the LHC but the Judicial Commission of Pakistan headed by Chief Justice of Pakistan Qazi Faez Isa had decided to consider her nomination for the office of the LHC chief justice. Born on November 12, 1966, Justice Neelum earned her LLB degree from the University of Punjab in 1995 and was enrolled as an advocate in 1996.

 

3. K.P. Sharma Oli sworn in as Nepal’s Prime Minister: K P Sharma Oli was sworn in as Nepal’s Prime Minister for the fourth time. The leader of Nepal’s largest communist party was appointed Nepal’s Prime Minister by President Ram Chandra Paudel to lead a new coalition government that faces the daunting challenge of providing political stability in the Himalayan nation. Oli, 72, succeeds Pushpa Kamal Dahal ‘Prachanda’ who lost the vote of confidence in the House of Representatives leading to the formation of the new government headed by Oli. He became the Prime Minister with the support of the Nepali Congress, the largest party in Parliament. Oli now needs to secure a vote of confidence from Parliament within 30 days of appointment according to the constitutional mandate. Oli will need a minimum of 138 votes in the 275-seat House of Representatives (HoR).

 

4. 15 July – World Youth Skills Day: World Youth Skill Day is celebrated every year on July 15. This day recognises the importance of youth skills development to address the global challenges of unemployment and underemployment. Theme 2024 – Youth Skills for Peace and Development

The United Nations General Assembly declared July 15th as World Youth Skill Day in December 2014.

 

5. 15 July – Social Media Giving Day: Social Media Giving Day is observed every year on 15 July. Social Media Giving Day is an annual event that promotes generosity and charitable giving by leveraging the power of social media. It was founded by Givver.com, a non-profit organisation that has been raising cash through Twitter since 2013. It was first observed in 2013. Chris Sommers, the inventor of Givver.com, is also the founder of the famous American restaurant chain Pi Pizzeria.

 

OTHER UPDATES:

 

SPORTS 

 

1. Wimbledon 2024: Barbora Krejcíkova Lifts Women’s Singles Trophy Beating Jasmine Paolini: Barbora Krejcikova of the Czech Republic defeated Jasmine Paolini of Italy 6-2, 2-6, 6-4 to win her maiden Wimbledon women’s singles title in London. While, Carlos Alcaraz of Spain won the Men’s Singles title at Wimbledon, defeating Novak Djokovic 6-2, 6-2, 7-6. Alcaraz dominated the first two sets with scores of 6-2 each, while Djokovic made a comeback in the third set. Despite Djokovic’s efforts, Alcaraz secured the third set and the championship. This was Alcaraz’s second appearance in a Wimbledon final, while Djokovic is a seven-time champion of the tournament.

 

2. Argentina won Copa America 2024 defeating Colombia: Defending champions Argentina has won the Copa America 2024 final at the Hard Rock Stadium in Miami Gardens, Florida after defaeting Colombia. It is a Argentina’s record 16th Copa America title. With this victory, Argentina secured its third consecutive major title, following the 2021 Copa America and 2022 World Cup, matching Spain’s achievement of winning the 2008 and 2012 European Championships alongside the 2010 World Cup. Additionally, Argentina ended Colombia’s 28-game unbeaten streak, which had lasted since a February 2022 loss to the Albiceleste. Lautaro Martinez’s goal was his fifth of the tournament, cementing his position as the top scorer and earning him the Copa America 2024 Golden Boot.

 

3. Saudi Arabia to host first ‘Olympics Esports Games’ in 2025: Saudi Arabia and the International Olympic Committee have announced a 12-year agreement to host the new esports Olympics in the oil-rich kingdom starting from 2025. This is a natural next step for our young athletes, our country and the global esports community,” said Prince Abdulaziz, who also heads the Saudi national Olympic committee. The IOC said last month it planned to launch video gaming Olympics to try to attract and retain young fans and audiences. Saudi Arabia and the International Olympic Committee have announced a 12-year agreement to host the new esports Olympics in the oil-rich kingdom starting from 2025. This is a natural next step for our young athletes, our country and the global esports community,” said Prince Abdulaziz, who also heads the Saudi national Olympic committee.

 

AWARDS AND HONOURS

 

1. International honour Andhra Pradesh Community Managed Natural Farming: The Andhra Pradesh Community Managed Natural Farming (APCNF) program, led by the Government of Andhra Pradesh, has been awarded the prestigious Gulbenkian Prize for Humanity 2024. The announcement was made by Dr. Angela Merkel, chair of the Jury and former Federal Chancellor of Germany, during a ceremony in Lisbon, Portugal. APCNF shares the €1 million prize with Dr. Rattan Lal, a renowned soil scientist from the USA, and SEKEM, an Egyptian network promoting biodynamic farming. The Andhra Pradesh Community Managed Natural Farming (APCNF), a state-wide program of the Government of Andhra Pradesh, has been recognized for its significant contributions to global food security, climate resilience, and ecosystem protection.

 

 

Daily GK Update- 14th July, 2024

 NATIONAL UPDATES:

 

1. Tata Power invests over Rs 4,200 cr in network expansion, upgrade in Odisha: Tata Power-led power distribution companies (Discoms) have invested Rs 4,245 crore in infrastructure expansion and network upgrade in Odisha over the past 3-4 years. The company operates four Discoms in joint ventures with the government of Odisha. These are TP Central Odisha Distribution (TPCODL), TP Western Odisha Distribution (TPWODL), TP Southern Odisha Distribution (TPSODL), and TP Northern Odisha Distribution Limited (TPNODL), collectively serving a customer base of over 9 million. The investment includes Rs 1,232 crore through government-backed schemes, including laying 33 KV lines and adding 30,230 distributions. This includes laying 2,177 circuit kilometres (Ckms) of 33 kilovolt (KV) lines and 19,809 Ckms of 11 KV lines, as well as adding 30,230 distribution transformers to improve the distribution network’s reliability across rural and urban areas.

 

2. MoPSW approves Research Proposal on “Valorization of Dredged Sediments”: The Ministry of Ports, Shipping, and Waterways (MoPSW) has approved a research proposal on Valorization of Dredged Sediments. The project, sanctioned at an estimated cost of Rs. 46,47,380 will be implemented over a duration of three years by the Indian Institute of Technology Bombay (IIT Bombay). The primary objective of this research is to create value from dredged sediments by converting them into aggregates suitable for various construction fields. This innovative approach aims to transform dredged sediment, typically seen as waste, into a valuable resource, thus contributing to sustainable development and environmental conservation.

 

3. Haryana cabinet approves IT Saksham Yuva Scheme to provide 5k jobs in first phase: The Haryana Cabinet gave nod to launch the IT Saksham Yuva Scheme 2024, the target of which is to give jobs to 5,000 youths in the first phase. The scheme has been designed in accordance with the ‘Mission 60,000’ announced while presenting the 2024-25 budget proposals aiming to give employment to at least 60,000 young individuals from poor families. Under this scheme, employment will be provided to the youths who are graduate or postgraduate applicants from IT backgrounds. The aspirants will have to undertake the Haryana IT programme (specially designed short-term courses) for minimum three months after which they will be deployed in various departments, boards, corporations, districts, registered societies, etc., in Haryana or private entities.

 

4. ACC approves appointment of 8 EDs in Public Sector General Insurance Cos: The Appointments Committee of the Cabinet (ACC) has approved the appointment of 8 Executive Directors in Public Sector General Insurance Companies (PGICs). Rashmi Bajpai, currently General Manager (GM) in Oriental Insurance Company Ltd (OICL), has been appointed as Executive Director (ED) in the same Company. Amit Mishra, currently GM of New India Assurance Company Ltd (NIACL), has been appointed as ED in OICL. Hitesh Ramesh Chandra Joshi, currently GM in GIC Re, has been appointed as ED in the same Company. Prasad C.G., currently GM in NIACL, has been appointed as ED in NICL. Sunita Gupta, currently GM in Oriental Insurance Company Ltd (OICL), has been appointed as ED in UIICL. Radhika C.S., currently GM in United India Insurance Company Ltd (UIICL), has been appointed as ED in GIC Re.

 

5. Shashi Kataria appointed as CFO of Quant MF: Quant Mutual Fund, under SEBI lens in a front-running case, has appointed Shashi Kataria as Chief Financial Officer. Kataria has been appointed as Chief Financial Officer, Operations Head and Executive Director of Quant Money Managers in place of Harshal Patel, who has resigned due to personal reasons. He has previously worked with PPFAS AMC as CFO, COO and Director. He was also associated with DSP Blackrock Investment Managers as Manager Finance. Shashi Kataria has 20 years of overall experience in accounting, audit, direct and indirect taxation, financials & MIS, payroll, and labour law compliance, of which 13 years are from the Indian mutual fund industry, according to the fund house’s notice-cum-addendum.

 

INTERNATIONAL UPDATES:

 

1. Philippines Chosen to Host U.N. Climate Fund Board: The Philippines was recently chosen to house the board of the “Loss and Damage” fund. This is a big step toward helping people who have been hurt by climate change.

 

2. Vietnam – Most Affordable Country for Expats in 2024: In 2024, a global study by InterNations found that Vietnam was the best place for expats to live on a budget. This is the fourth year in a row that Vietnam has been at the top of the list

 

3. World Population Prospects 2024: UN: The most recent “World Population Prospects 2024” study from the United Nations gives us a lot more information about how many people are expected to live on Earth in the future. According to key findings, the world’s population.

 

OTHER UPDATES:

 

SPORTS 

 

1. Shooter Sabeera Haris wins Bronze in Shotgun Junior World Cup: In Shooting, India’s Sabeera Haris has bagged the bronze medal in women’s trap event at the International Shooting Sport Federation, ISSF Junior World Cup in Porpetto, Italy. Sabeera shot 29 out of 40 targets in the final.

Carey Garrison of the US won the gold, shooting down 40 out of 50 targets. While Sofia Gori of Italy claimed the silver with 39 hits out of the full quota of 50 targets. In the junior women’s trap event, another Indian, Bhavya Tripathi, concluded her campaign in 26th place with a score of 102, while compatriot Rajkuwar Ingle finished in 33rd position with 100 points.

 

2. James Anderson retires from Test Cricket: James Anderson has bid adieu to Test cricket for England. The veteran speedster has brought down curtains to his celebrated career, which spanned 21 years. The 41-year-old bowler’s illustrious career, spanning an impressive 21 years, came to a close at the very ground where it all began – the iconic Lord’s Cricket Ground in London.

Anderson holds the record for the most wickets taken by a fast-bowler with 704 in 188 Test matches. Anderson’s former compatriot Stuart Broad, who has already retired, remains the only other pacer with over 600 Test scalps, i.e. 604. Anderson has 32 fifers to his name, which is the sixth-most five-wicket hauls in Test cricket history. Muttiah Muralitharan has the most with 67, followed by Sur Richard Hadlee (36), Anil Kumble (35), R Ashwin (36), and Rangana Herath (34). Anderson’s tally also includes three 10-wicket match hauls.

 

BANKING AND FINANCE

 

1. Punjab National Bank signs pact with SAIL to offer loans: State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter’s employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB’s customer base within the steel sector. A MoU was signed by PNB General Manager – Business Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager – Finance Lavika Jain and SAIL General Manager – HR Bikram Uppal.

 

2. Retail inflation hits 4-month high of 5.08% in June: Retail inflation, measured by the Consumer Price Index (CPI), accelerated to a four-month high of 5.08 per cent in June 2024, driven by a spike in food inflation to 9.36 per cent due to rising prices of vegetables and pulses. This June 2024 reading is also higher than the 4.87 per cent recorded in the same month last year. In May 2024, CPI inflation hit a 12-month low of 4.75 per cent, despite food inflation remaining high at 8.7 per cent. Retail inflation stood at 4.87 per cent.

 

AWARDS AND HONOURS

 

1. Nagaland Wins Best State in Horticulture Award 2024: Nagaland won the “Best State in Horticulture Award 2024” at the Agriculture Leadership Awards, which shows how clever its horticulture projects are. Minister Salhoutuonuo Kruse took the award in New Delhi and said that the government’s policies.

 

Daily GK Update- 13th July, 2024

 NATIONAL UPDATES:

 

1. 7th India-Japan Medical Product Regulatory Symposium held at New Delhi: The 7th India-Japan Medical Product Regulatory Symposium, organized by the Central Drugs Standard Control Organization (CDSCO) under the Ministry of Health and Family Welfare, Government of India, was successfully held at the FICCI Convention Hall. The event was conducted in accordance with the Memorandum of Cooperation (MoC) between India and Japan, aimed at fostering collaboration in medical product regulations. The symposium brought together approximately 200 delegates from the Ministry of Health & Family Welfare, India, and the Ministry of Health, Law and Welfare, Japan. Regulatory authorities from CDSCO, India, and PMDA, Japan, along with industry representatives from the Pharmaceutical Sector, Medical Devices Sector, and Biologicals-Biosimilar sector, actively participated in constructive discussions.

 

2. Raksha Rajya Mantri Sanjay Seth launches GAINS 2024: Raksha Rajya Mantri Shri Sanjay Seth has launched “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024) of Garden Reach Shipbuilders & Engineers Limited (GRSE) in Kolkata. It is an innovative scheme which seeks solution to the problems related to the shipyards and promotes technology development using the start-ups created and nurtured in the country. It encourages and enables MSMEs and Start-Ups to develop innovative solutions for further technological advancement. This initiative is in keeping with the ‘Make in India’ and ‘Start-up India’ policies of the Government of India. GAINS is a unique national scheme to encourage and enable MSMEs and Start-Ups to develop innovative solutions that GRSE may incorporate for further technological advancement.

 

3. NITI Aayog’s SDG India Index 2023-24: Kerala retains top rank, Bihar worst performer: Uttarakhand and Kerala have emerged as the top performer states in NITI Aayog’s SDG India Index 2023-24, which evaluates the progress of states and union territories on social, economic and environmental parameters. While Bihar has been adjudged as the worst performer. According to the NITI Aayog’s SDG India Index 2023-24, India’s overall Sustainable Development Goal (SDG) score increased to 71 in 2023-24, compared to 66 in 2020-21, supported by significant progress on eliminating poverty, providing decent work, economic growth, climate action and life on land. Among states, Uttarakhand and Kerala have emerged as joint top-performing states with a score of 79, followed by Tamil Nadu (78) and Goa (77).

 

4. ACC approves appointment of 8 EDs in Public Sector General Insurance Cos: The Appointments Committee of the Cabinet (ACC) has approved the appointment of 8 Executive Directors in Public Sector General Insurance Companies (PGICs). Rashmi Bajpai, currently General Manager (GM) in Oriental Insurance Company Ltd (OICL), has been appointed as Executive Director (ED) in the same Company. Amit Mishra, currently GM of New India Assurance Company Ltd (NIACL), has been appointed as ED in OICL. Hitesh Ramesh Chandra Joshi, currently GM in GIC Re, has been appointed as ED in the same Company. Prasad C.G., currently GM in NIACL, has been appointed as ED in NICL. Sunita Gupta, currently GM in Oriental Insurance Company Ltd (OICL), has been appointed as ED in UIICL.

 

INTERNATIONAL UPDATES:

 

1. Lithuanian President Gitanas Nausėda sworn in for second term: Lithuanian President Gitanas Nausėda was sworn in for a second five-year term. The ceremony commenced with a ceremonial event at the Lithuanian Parliament, the Seimas, where Mr. Nauseda took the presidential oath with his hand on the Constitution. On this occasion, the 60-year-old economist, Mr. Nauseda proposed increasing Lithuania’s defense budget to four percent of GDP. This would allow Lithuania to fund long-range air defense, a missile shield for the Baltic Sea coast, and border fortifications.

 

2. World Population Prospects 2024: UN: The most recent “World Population Prospects 2024” study from the United Nations gives us a lot more information about how many people are expected to live on Earth in the future. According to key findings, the world’s population.

 

3. India-Taiwan Agreement Boosts Organic Product Trade: The India-Taiwan Mutual Recognition Agreement (MRA) for Organic Products will go into action on July 8, 2024. It is a plan to boost trade between India and Taiwan in the organic products sector.

 

OTHER UPDATES:

 

SPORTS 

 

1. Shooter Sabeera Haris wins Bronze in Shotgun Junior World Cup: In Shooting, India’s Sabeera Haris has bagged the bronze medal in women’s trap event at the International Shooting Sport Federation, ISSF Junior World Cup in Porpetto, Italy. Sabeera shot 29 out of 40 targets in the final.

Carey Garrison of the US won the gold, shooting down 40 out of 50 targets. While Sofia Gori of Italy claimed the silver with 39 hits out of the full quota of 50 targets. In the junior women’s trap event, another Indian, Bhavya Tripathi, concluded her campaign in 26th place with a score of 102, while compatriot Rajkuwar Ingle finished in 33rd position with 100 points.

 

2. James Anderson retires from Test Cricket: James Anderson has bid adieu to Test cricket for England. The veteran speedster has brought down curtains to his celebrated career, which spanned 21 years. The 41-year-old bowler’s illustrious career, spanning an impressive 21 years, came to a close at the very ground where it all began – the iconic Lord’s Cricket Ground in London.

Anderson holds the record for the most wickets taken by a fast-bowler with 704 in 188 Test matches. Anderson’s former compatriot Stuart Broad, who has already retired, remains the only other pacer with over 600 Test scalps, i.e. 604. Anderson has 32 fifers to his name, which is the sixth-most five-wicket hauls in Test cricket history. Muttiah Muralitharan has the most with 67, followed by Sur Richard Hadlee (36), Anil Kumble (35), R Ashwin (36), and Rangana Herath (34). Anderson’s tally also includes three 10-wicket match hauls.

 

SCIENCE AND TECHNOLOGY

 

1. NASA’s CHAPEA Project: It is called “Mars Dune Alpha” and is a 1,700-square-foot building made with 3D printing at the Johnson Space Center in Houston, Texas. It has bedrooms, bathrooms, a work area, a robot station, a gym, and a vertical farm.

 

BANKING AND FINANCE

 

1. Jio Financial Services gets RBI nod to become core investment company: Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). According to the Reserve Bank of India, a CIC is a specialised NBFC with an minimum asset size of Rs 100 crore. Jio Financial Services is the demerged entity of energy-to-telecom conglomerate Reliance Industries Ltd (RIL). One of the conditions stipulated by RBI is that the CIC holds not less than 90 percent of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies. As a Core Investment Company, Jio Financial Services will primarily focus on investments in and the management of its subsidiaries companies.

 

2. Punjab National Bank signs pact with SAIL to offer loans: State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter’s employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB’s customer base within the steel sector. A MoU was signed by PNB General Manager – Business Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager – Finance Lavika Jain and SAIL General Manager – HR Bikram Uppal.

 

3. IMF Agrees to $7 Billion Loan Program for Pakistan: The International Monetary Fund (IMF) and Pakistan reached a deal on July 12, 2024, for a $7 billion loan program that will last for 37 months. The main goal of this Extended Fund Facility program is to help Pakistan.