Daily Current Affairs: July 04 & 05, 2021

Daily Current Affairs (July 04 & 05, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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National News

Union Government extends the superannuation age of LIC Chairman to up to 62 years

• Union Government has extended the superannuation age of IPO-bound Life Insurance Corporation of India (LIC) Chairman to up to 62 years by amending the Life Insurance Corporation of India (Staff) Regulations, 1960.
• It is to be noted that the retirement age for the top executives of the majority of PSUs is 60 years, barring a few exceptions, including the State Bank of India (SBI).

Life Insurance Corporation of India (LIC)

• Headquarters: Mumbai, Maharashtra
• Founded: 1 September 1956
• Chairman: MR Kumar

NABARD sanctions Rs. 388 crores for drinking water and road projects in Odisha

• National Bank for Agriculture and Rural Development (NABARD) has sanctioned an assistance of Rs. 388 crores for Odisha under the Rural Infrastructure Development Fund (RIDF) for setting up four mega piped drinking water supply
• The four mega projects will come up in the Koraput district (covering Boipariguda block), Balasore district (covering Nilgiri block) and Malkangiri district (covering Malkangiri and Kalimela blocks).

National Bank for Agriculture and Rural Development (NABARD)

• Headquarters: Mumbai, Maharashtra
• Formation: 12 July 1982
• Chairman: Chintala Govinda Rajulu

World’s third-largest cricket stadium to come up in Jaipur

• The world’s third-largest cricket stadium (75,000) is set to be constructed in Jaipur, Rajasthan, after the Narendra Modi Stadium (1,32,000) in Motera and the Melbourne Cricket Stadium (1,00,024) in Australia,
• The stadium will be completed in 5–3 years with an investment of around Rs. 650 crores.

Rajasthan                

• Capital: Jaipur
• Chief Minister: Ashok Gehlot
• Governor: Kalraj Mishra

Pushkar Singh Dhami takes oath as the 11^th Chief Minister of Uttarakhand

• Pushkar Singh Dhami took oath as the 11^th Chief Minister of Uttarakhand. He replaced Tirath Singh Rawat, who resigned within four months of taking charge from Trivendra Singh Rawat.
• The 45-year-old Pushkar Singh Dhami is the youngest Chief Minister of Uttarakhand.

Uttarakhand

• Capital: Dehradun
• Chief Minister: Pushkar Singh Dhami
• Governor: Baby Rani Maurya
• National Parks: Corbett National Park, Gangotri National Park, Govind Pashu Vihar National Park, Nanda Devi National Park, Rajaji National Park, Valley of Flowers National Park

Banking and Economy

Reserve Bank of India imposes Rs. 25 lakh penalty on Punjab & Sind Bank

• The Reserve Bank of India (RBI) has imposed a penalty of 25 lakhs on Punjab and Sind Bank for non-compliance with certain provisions of directions on ‘Cyber Security Framework in Banks’.
• This penalty was imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949“.

Punjab & Sind Bank:

• Headquarters: New Delhi, India
• Non-Executive Chairman: Charan Singh
• Tagline: “Where Service is a Way of Life”

Indian Overseas Bank surpasses PNB and BoB to become the second most-valued listed Public Sector Bank

• Indian Overseas Bank (IOB) became the second most-valued listed public sector bank with a market capitalisation of over 50,000 crores.
• IOB has surpassed Punjab National Bank (Rs. 46,411 crores) and Bank of Baroda (Rs 44,112 crore) which are currently in the third and fourth positions, respectively.

Indian Overseas Bank (IOB)

• Headquarters: Chennai
• CEO: Partha Pratim Sengupta

Appointments

Advocate KN Bhattacharjee was appointed as the new Lokayukta of Tripura

• Veteran advocate Kalyan Narayan Bhattacharjee was appointed as the new Lokayukta of Tripura for three years, with effect from 1 July 2021.
• The Lokayukta Act has been in force in Tripura since 2008. KN Bhattacharjee is the third Lokayukta of Tripura and the first to hold the post as a lawyer.

Satish Agnihotri was appointed as the Managing Director of the National High-Speed Rail Corporation Limited

• Satish Agnihotri was appointed as the Managing Director of the National High-Speed Rail Corporation Limited (NHSRCL). He is a 1982 batch Indian Railway Service of Engineers (IRSE) officer.

PVSLN Murty was appointed as the new CMD of NEDFi

• PVSLN Murty was appointed as the new Chairman and Managing Director (CMD) of the North Eastern Development Finance Corporation Limited (NEDFi).
• He served as the Chief General Manager and Chief Strategy Officer of the State Bank of India (SBI).

Awards and Recognitions

Invest India wins the Most Innovative Investment Promotion Agency 2021 Award

• Invest India won the world’s Most Innovative Investment Promotion Agency 2021 Award by OCO Global. Invest India is a non-profit venture under the Department for Promotion of Industry and Internal Trade (DPIIT). It was established in 2009.
• OCO Global is a leading authority on foreign investment and offers a range of economic development services, products and unique company assessment tools.

Books and Authors

Dhaval Kulkarni’s new book titled “Nathuram Godse: The True Story of Gandhi’s Assassin” is set to release in 2022

• Mumbai-based journalist Dhaval Kulkarni’s new book is titled “Nathuram Godse: The True Story of Gandhi’s Assassin”. This book will be published by Pan Macmillan India in 2022.

A new book titled “Tiananmen Square: The Making of a Protest” was authored by Vijay Gokhale

• A new book titled “Tiananmen Square: The Making of a Protest” was authored by Vijay Gokhale. This book was published by HarperCollins India.

Sports News

Indian Wrestler Sumit Malik gets a two-year ban for doping

• The 28-year-old Indian wrestler Sumit Malik was banned for two years by the sport’s world governing body United World Wrestling (UWW), after his B sample also returned positive for a prohibited stimulant (methylhexaneamine).

United World Wrestling (UWW)

• Headquarters: Corsier-sur-Vevey, Switzerland
• President: Nenad Lalović
• Founded: 1912

Mariyappan Thangavelu was named as the flag- bearer of the Indian contingent for the 2020 Tokyo Paralympics

• Para high-jumper Mariyappan Thangavelu was named as the flag-bearer of the Indian contingent in the 2020 Tokyo Paralympics.
• He won the men’s high jump (T-42) in the 2016 Rio Paralympics. He will defend the men’s high jump (T-42) gold at the 2020 Tokyo Paralympics Games.

Max Verstappen wins the Formula One Austrian Grand Prix 2021

• Red Bull driver Max Verstappen won the Formula One Austrian Grand Prix 2021. This was Verstappen’s fifth race win of this season.
• Mercedes’ Valterri Bottas and Mclaren’s Lando Norris finished second and third position. Lewis Hamilton finished at the fourth position.

Indian woman cricketer Mithali Raj becomes the leading run-scorer across formats in women’s international cricket

• India women’s cricket team captain Mithali Raj became the highest run-getter in women’s cricket across formats. She overtook former England skipper Charlotte Edwards (10,273 runs).
• Mithali Raj and Charlotte Edwards are the only players to scale the 10,000-run mark in women’s international cricket.

Indian Navy athlete MP Jabir qualifies for Tokyo Olympics in 400 m hurdles

• Ace athlete of the Indian Navy, MP Jabir, has qualified for the 2020 Tokyo Olympics in 400 m hurdles after he clocked 78 seconds to win gold at the recently concluded Inter-State Athletics Championships in Patiala.
• The 25-year-old Naval sailor hails from Malappuram, Kerala. He is currently ranked 34^th in the World Athletics’ Road to Olympics rankings, where 40 athletes qualify.

Daily CA July 4 and 5 One-liner:

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