Daily Current Affairs: July 08, 2021

Daily Current Affairs (July 08, 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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Important Days

Global Forgiveness Day – 07 July

• Global Forgiveness Day is observed globally on 07 July every year to encourage the art of forgiving. This day aims to spread awareness about the healing power of forgiveness and its importance for a peaceful life.

National News

Jammu and Kashmir Government approves uploading of geotagged photographs through “PROOF” mobile app

• Jammu and Kashmir Government accorded sanction to uploading of geotagged photographs through “PROOF” (Photographic Record Of On-site Facility) mobile application while preferring bills in the concerned treasuries against the budget allotted through BEAMS (Budget, Estimation, Allocation & Monitoring System) application.

Jammu and Kashmir

• Capital: Srinagar (Summer), Jammu (Winter)
• Lt. Governor: Manoj Sinha
• National Parks: Hemis National Park, City Forest (Salim Ali) National Park, Dachigam National Park, Kishtwar National Park
• Wildlife Sanctuaries: Changthang Cold Desert Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Jasrota Wildlife Sanctuary, Baltal-Thajwas Wildlife Sanctuary, Karakoram (Nubra Shyok) Wildlife Sanctuary
• Lakes: Mansar Lake, Nagin Lake, Wular Lake, Surinsar Lake, Dal Lake

Union Government brings the Department of Public Enterprises under the Union Finance Ministry to boost disinvestment coordination

• The Union Government has decided to bring the Department of Public Enterprises (DPE) under the Union Ministry of Finance.
• The DPE was earlier under the Union Ministry of Heavy Industries and Public Enterprises. It was decided to be brought under the Union Ministry of Finance to ease coordination related to future disinvestment plans.

NABARD sanctions Rs. 2891.15 lakhs to Goa under the RIDF scheme

• National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan worth 2891.15 lakhs under the Rural Infrastructure Development Fund (RIDF) to the Government of Goa for the construction of Phase II building of Goa Dental College and Hospital in Bambolim, Goa.

Goa 

• Capital: Panaji
• Chief Minister: Pramod Sawant
• Governor: PS Sreedharan Pillai
• National Park: Mollem National Park

National Bank for Agriculture and Rural Development (NABARD)

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

Union Ministry of Tourism signs an MoU with Yatra to strengthen tourism and domestic hospitality industry

• Union Ministry of Tourism signed a Memorandum of Understanding (MoU) with Yatra to strengthen and enable the tourism and hospitality industry.
• This MoU was signed under an arrangement between the Union Ministry of Tourism and the Quality Council of India (QCI).

Newly inducted Union Ministers assume charge of their ministries

• Several newly inducted Union Ministers took charge of their offices. Forty-three ministers were sworn into the Union Council of Ministers. They included 15 Cabinet Ministers and 28 Ministers of State.

Union Cabinet Ministers

Ministers of State

Banking and Economy

Razorpay partners with Mastercard to launch MandateHQ for recurring payments

• Fintech unicorn Razorpay and payments technology major Mastercard have launched ‘MandateHQ’, a safe and secure recurring payment interface.
• It is a payment interface that will help card-issuing banks to enable recurring payments for their customers.

FREO partners with HDB Financial Services to offer lending solutions

• Neobank FREO has partnered with HDB Financial Services to offer a credit line and high-ticket personal loans to customers across multiple cities in India.
• This partnership offers consumers high-ticket personal loans of up to 10 lakhs.

HDB Financial Services (HDBFS)

• Headquarters: Mumbai, Maharashtra
• MD & CEO: G Ramesh

Bajaj Allianz General Insurance partners with the Bank of India to distribute its Insurance products

• Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement.
• This agreement will enable the distribution of Bajaj Allianz General Insurance’s products through Bank of India’s vast network of 5,084 branches, 80 retail business centres and 60 SME city centres across India.

Bajaj Allianz General Insurance Company

• Headquarters: Pune, Maharashtra
• MD and CEO: Tapan Singhel

Bank of India (BOI)

• Headquarters: Mumbai, India
• Non-Exe Chairman: Padmanabhan
• MD & CEO: Atanu Kumar Das
• Tagline: “Relationship Beyond Banking”

Fitch Ratings revises India GDP growth forecast to 10% for FY22

• Fitch Ratings revised India’s GDP growth forecast to 10 per cent from 12.8 per cent estimated earlier for the current fiscal year FY22 (2021–2022).

Drip Capital partners with SBM Bank India to empower MSME exporters

• Drip Capital, a fintech provider of cross-border trade finance, has partnered with SBM Bank India to offer trade financing solutions customised for small and medium-sized exporters in India.
• Under this partnership, MSME exporters will be able to avail collateral-free working capital at competitive rates.

SBM Bank India Limited

• Headquarters: Mumbai, Maharashtra
• MD & CEO: Sidharth Rath
• Established: 1994

Awards and Recognitions

Indian economist Kaushik Basu was awarded the prestigious Humboldt Research Award

• Indian economist Kaushik Basu was awarded the Humboldt Research Award for Economics. He is currently a professor of Economics at Cornell University. He served as the Chief Economist of the World Bank.
• Basu also served as the Government of India’s Chief Economic Advisor from 2009 to 2012. He was awarded the Padma Bhushan, the third-highest civilian award in India.

Obituary

Olympic gold-winning hockey legend Keshav Datt passed away at 95

• Two-time Olympic gold medallist in hockey, Keshav Datt, passed away due to age-related ailments. He was part of India’s gold medal-winning hockey team in the 1948 and 1952 Olympics.
• He was conferred with the Mohun Bagan Ratna award in 2019, becoming the first non-footballer recipient of the honour.

President of Haiti Jovenel Moïse passed away at 53

• Haiti’s President Jovenel Moïse passed away at the age of 53. He was assassinated, after a group of unidentified people attacked his private residence. He served as the President of Haiti from 7 February 2017–7 July 2021.

Haiti

• Capital: Port-au-Prince
• Currency: Haitian Gourde

Former Himachal Pradesh CM Virbhadra Singh passed away at 87

• Former Himachal Pradesh Chief Minister Virbhadra Singh passed away at the age of 87. He was the longest-serving and the 4^th Chief Minister of Himachal Pradesh. He served six times as the Chief Minister of Himachal Pradesh.

Sports News

Hou Yifan wins the 2021 Women’s Speed Chess Championship title

• Hou Yifan of China won the 2021 FIDE Women’s Speed Chess Championship title. She defeated Harika Dronavalli of India.

FIDE (International Chess Federation)

• Headquarters: Lausanne, Switzerland
• CEO: Geoffrey D Borg
• President: Kirsan Ilyumzhinov
• Founded: 1924

Levon Aronian wins the Goldmoney Asian Rapid chess tournament 2021

• Grand Master Levon Aronian won the Goldmoney Asian Rapid chess tournament 2021. He defeated Grand Master Vladislav Artemiev twice to clinch the $30,000 first prize. Grand Master Magnus Carlsen came at the third position.

Mumbai and Pune to host the 2022 AFC Women’s Asian Cup

• The Asian Football Confederation (AFC) and the AFC Women’s Asian Cup 2022 Local Organising Committee (LOC) announced that the Mumbai Football Arena and Shiv Chhatrapati Sports Complex in Balewadi, Pune, will be the new venues and host cities for the 2022 AFC Women’s Asian Cup.
• This decision was taken after the Asian Football Confederation dropped Bhubaneswar and Ahmedabad as venues to minimise the traveling time for participants.

Daily CA July 8 One-liner:

Can you score 20/20 in Today’s Current Affairs Quiz? Attempt the Current Affairs Quiz of  July 08, 2021, now from the link given below.