DAILY CURRENT AFFAIRS: JULY 11, 2018

Daily Current Affairs (July 11, 2018) 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.

NATIONAL

NITI Aayog Released Paper On ‘National Health Stack’

The central government think tank NITI Aayog has unveiled the blueprint of National Health Stack (NHS), a shared digital healthcare infrastructure.

The blueprint is in line with the implementation of the Centre’s flagship scheme Ayushman Bharat and other public healthcare programmes in the country.

According to a consultation paper titled ‘National Health Stack Strategy an Approach’, the National Health Stack will facilitate collection of comprehensive healthcare data across the country.

The government’s flagship scheme Ayushman Bharat aims to provide a coverage of INR 5 Lakh per family annually and benefit more than 10 crore poor families.

NITI: National Institution for Transforming India

CEO- Amitabh Kant

Vice-Chairman- Rajiv Kumar

Int. Round Table Conference on Data for New India Held in New Delhi

The Ministry of Statistics & Programme Implementation (MoSPI) has organised a International Round Table Conference on ‘Data for New India’ in New Delhi.

The objective of the 2-day Conference is to identify innovative ideas for improving the statistical system in India. ( discussing the best practices followed in advanced countries like Canada, UK and Australia). The Conference is organized in India for the first time.

The Conference is inaugurated by D.V. Sadananda Gowda, Union Minister of Statistics & Programme Implementation.

Indian Railways introduces first dwarf container service

The Indian Railways has introduced a commercial service to run double-stack dwarf containers on trains to capture the lost traffic through new delivery model for domestic cargo.

The Double Stacked Container, which is 6 ft 4 inches in height and can run on electrified tracks, can hold a capacity of 30,500 kgs. These containers in double stack formation can run under 25kV overhead lines.

Indian Railways has received increased revenue of Rs 18.50 lakhs due to this Double Stacked Dwarf Container service.

Venkaiah Naidu Becomes 1st Chairman of Rajya Sabha To Sign MOU

For the first time,Rajya Sabha has has entered into a Memorandum of Understanding (MOU) with a foreign counterpart for promoting inter-parliamentary dialogue.

Venkaiah Naidu has become the first Chairman of Rajya Sabha to sign such an agreement when he inked an MOU with the visiting President of the Senate of the Republic of Rwanda, Bernard Makuza.

Shri Naidu and Mr. Makuza discussed issues of bilateral interest and the opportunities for cooperation for mutual benefit.

Microsoft and Rajasthan Sign MoU for Free Digital Training

Microsoft has signed a Memorandum of Understanding (MoU) with the Rajasthan government to provide free digital training to 9,500 college students in one year.

As reported, the initiative was taken for the enhancement of digital learning and capacity building of college students in the state. It was announced by Higher Education Minister Kiran Maheshwari.

It will also train educators from government colleges through the Microsoft Innovative Educator Programme, building capacity for innovative use of information and communications technology (ICT) in the classroom.

Rajasthan

Capital: Jaipur

Chief minister: Vasundhara Raje

Governor: Kalyan Singh

Microsoft

CEO: Satya Nadella

INTERNATIONAL

China pledges $20 billion in loans for economic development of Arab states

The Chinese President Xi Jinping has pledged a package of US$20 billion in loans, and about $106 million in financial aid, to Middle East nations.

It is given as part of “oil and gas-plus” model to spur economic growth in the region.

China is also prepared to provide another one billion yuan to countries in the region to “build capacity for stability maintenance.

China

Capital: Beijing

Currency: Renminbi

President: Xi Jinping

India, South Korea sign 5 MoUs for cooperation in Science & Technology

India and South Korea have signed five MoUs in the field of Science and Technology in New Delhi.

The Science and Technology Minister Dr Harsh Vardhan and his South Korean counterpart You Young Min signed three MoUs which are Programme of Cooperation 2018-21, Establishment of Future Strategy Group and Cooperation in Bio-technology and Bio-economy.

Two other MoUs were signed between Council of Scientific and  Industrial Research and South Korean National Research Council for Science and  Technology and IIT Mumbai and Korea Institute of Science and Technology, to further accelerate future-oriented cooperation.

South Korea

Capital: Seoul

Currency: South Korean won

President: Moon Jae-in

Indian warship visits Indonesia’s Sabang port

The Indian Navy patrol vessel, INS Sumitra, became the first-ever warship to sail into the Indonesian port of Sabang, strategically poised at the mouth of the Malacca Strait.

During Prime Minister Narendra Modi’s visit to Jakarta this year, in a meeting with Indonesian President Joko Widodo, it was decided that New Delhi will develop the strategically important Indonesian port Sabang in the Indian Ocean, close to the Andamans.

Capital: Jakarta

Currency: Indonesian rupiah

President: Joko Widodo

BANKING AND ECONOMY

ICICI Bank first bank in country to tie-up with Australian bank

The ICICI Bank, India’s largest private sector bank by consolidated assets has announced its partnership with ‘Westpac Banking Corporation’ (Westpac), one of the top banks in Australia.

It aims to offer Indian students a completely online payment solution through its ‘Money2World’ (M2W) platform for outward remittances. As a first, ICICI Bank and Westpac have partnered with La Trobe University, one of the well-known universities in Australia, for this initiative.

‘Money2World’, is a first-of-its-kind fully online outward remittance service for resident Indians by any bank in India. It is available to users 24×7 on all days.

Westpac

Headquarters: Sydney, Australia

ICICI Bank

Headquarters: Mumbai

India Becomes World’s 6th Largest Economy: World Bank

India has surpassed France to become the sixth largest economy in the world.

According to World Bank figures for 2017, India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France.

According to the report, manufacturing and consumer spending were the main drivers of the Indian economy.

India has doubled its GDP within a decade and is expected to power ahead as a key economic engine in Asia, even as China slows down.

According to the International Monetary Fund, India is projected to generate growth of 7.4 per cent this year and 7.8 per cent in 2019.

World Bank

Headquarters: Washington, D.C., United States

President: Jim Yong Kim

CEO: Kristalina Georgieva

RBI Cancels Licence Of Alwar Urban Co-Operative Bank

The RBI has announced that the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled as it is not in a position to pay its depositors in full as and when their claims accrue, among other reasons.

The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

On liquidation, every depositor is entitled to repayment of his/her deposits up to a monetary ceiling of Rs 1,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per usual terms and conditions.

SPORTS

India bag four medals at Asia Cup Archery

India have bagged four medals in the Asia Cup World Archery Ranking Tournament Stage 3 in Taipei.

The feat comprised 3 silver medals and a bronze. India also finished joint third with Iran in the championship. Korea topped the tally with 14 medals, 8 of them being gold.

Divya Dhayal became the only individual medal winner for the country when she clinched the silver medal in the womens compound category.

IMPORTANT DAYS

World Population Day: 11 July

The World Population Day is celebrated worldwide to spread awareness and discuss issues related to population growth.

The United Nations recognises World Population day as an important event to spread information of population-related issues across the globe.

2018 theme: “Family Planning is a Human Right”.

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