Daily Current Affairs: July 21, 2021

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National News

Union Government extends Stand Up India Scheme up to 2025

• Union Government has extended the Stand Up India Scheme that promotes entrepreneurship among women, SC and STs up to 2025.
• This scheme was launched by Prime Minister Narendra Modi in 2016 to facilitate loans to Scheduled Caste, Scheduled Tribe and women borrowers.
• The loan amount for Stand Up India Scheme is extended by Scheduled Commercial Banks (SCBs) between 10 lakhs and Rs. 1 crore.

MECL signs an MoU with DMG for exploration of iron ore reserves in Goa

• The Mineral Exploration Corporation Limited (MECL), a notified mineral exploration agency under the aegis of the Union Ministry of Mines of Government of India, has signed a memorandum of understanding (MoU) with the Directorate of Mines & Geology (DMG), Goa, for exploration of iron ore reserves in Goa.

Goa 

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

Indian Oil Corporation is set to build India’s first green hydrogen plant at Mathura, Uttar Pradesh

• India’s largest oil firm Indian Oil Corporation (IOC) is set to build India’s first ‘green hydrogen’ plant at its Refinery in Mathura, Uttar Pradesh.
• It aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.

Union Government decides to set up Indian Institute of Heritage at Noida, Uttar Pradesh

• Union Government has decided to set up a world-class Indian Institute of Heritage at Noida, Uttar Pradesh.
• This world-class institute would focus on the conservation and research in India’s rich tangible heritage.

Uttar Pradesh          

• Capital: Lucknow
• Chief Minister: Yogi Adityanath
• Governor: Anandiben Patel
• National Park: Dudhwa National Park (Tiger Reserve)
• Zoological Parks: Shaheed Ashfaq Ullah Khan Prani Udyan (Gorakhpur), Kanpur Zoological Park, Nawab Wajid Ali Shah Zoological Garden

Cisco partners with the National Skill Development Corporation for digital upskilling

• Cisco Networking Academy has partnered with the National Skill Development Corporation (NSDC) to address the shortage of a tech-proficient workforce in India and create career opportunities for millions in the digital economy.
• This partnership will offer access to the Cisco Networking Academy courses through NSDC’s eSkill India platform to provide comprehensive digital skills critical for the digital-first world.

International News

Ariel Henry was appointed as the Prime Minister of Haiti

• Ariel Henry was appointed as the new Prime Minister of He succeeded former President Jovenel Moise, who recently passed away.

Haiti

• Capital: Port-au-Prince
• Currency: Haitian Gourde
• Prime Minister: Ariel Henry

India chairs the 2021 BRICS Contact Group on Economic and Trade issues (CGETI) meeting

• The 27^th meeting of the 2021 BRICS Contact Group on Economic and Trade Issues (CGETI) meeting was held under the Chairmanship of India.
• India is the current Chair of the 2021 BRICS (Brazil, Russia, India, China & South Africa).

Jose Pedro Castillo Terrones was elected as the President of Peru

• José Pedro Castillo Terrones was elected as the new President of Peru after he won the presidential election held recently. He will serve as Peru’s President for a five-year term from 2021 to 2026. He succeeded Francisco Sagasti.

Peru:

• Capital: Lima
• Currency: Peruvian Sol
• President: Jose Pedro Castillo Terrones
• Prime Minister: Walter Roger Martos Ruiz

Banking and Economy

SBI selects Paisalo Digital as its National Corporate Business Correspondent

• India’s largest lender State Bank of India (SBI) has selected Paisalo Digital as its National Corporate Business Correspondent for boosting its financial inclusion drive with the help of kiosk-based banking services.
• Paisalo Digital will help SBI in improving the synergy with the thrust of the already up and running fully digital small loan business under SBI-Paisalo Loan Co-origination.

State Bank of India (SBI)

• Headquarters: Mumbai, Maharashtra
• Chairman: Dinesh Kumar Khara
• Tagline: “The Banker to Every Indian”

Paytm Payments Bank’s customers can now make payments from fixed deposits account held with IndusInd Bank

• Paytm Payments Bank’s customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with IndusInd Bank.
• Paytm all-in-one payment gateway now allows fixed deposit (FD) balances to make payments on partnered platforms (IndusInd Bank).

Paytm

• Headquarters: Noida, Uttar Pradesh
• Founder: Vijay Shekhar Sharma
• Founded: 2010

LIC launches a health insurance plan named ‘Arogya Rakshak’

• Life Insurance Corporation of India (LIC) has introduced a benefit-based health insurance policy named ‘Arogya Rakshak’.
• This policy provides fixed benefit health insurance cover against certain specified health risks and provides timely support in the case of medical emergencies and helps the insured and his family to remain financially independent in difficult times.

Life Insurance Corporation of India (LIC)

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

ICICI Bank has partnered with HPCL to launch ‘ICICI Bank HPCL Super Saver’ co-branded credit card

• Private lender ICICI Bank had launched ‘ICICI Bank HPCL Super Saver’ co-branded credit card with Hindustan Petroleum Corporation Limited (HPCL) to enable users to get benefits and reward points of using multiple credit cards in one.
• This 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.

ICICI (Industrial Credit and Investment Corporation of India)

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Sandeep Bakhshi
• Tagline: Hum Hai Na, Khyal Apka

Dhanlaxmi Bank announces strategic alliance with SMC Global Securities Limited

• The Dhanlaxmi bank has announced a strategic alliance with SMC Global Securities Limited for offering online trading services to customers.
• This tie-up will offer an integrated 3-in-1 account, comprising a savings, demat and trading account providing a hassle-free and convenient trading experience to the Dhanlaxmi Bank customers through the portal smctradeonline.com apart from mobile trading app ‘SMC ACE’ and desktop-based software.

Dhanlaxmi Bank:

• Headquarters: Thrissur, Kerala
• MD & CEO: JK Shivan
• Established: 1927

Kotak Mahindra Bank signs an MoU with the Indian Navy for salary account

• Kotak Mahindra Bank (KMBL) signed a Memorandum of Understanding (MoU) with the Indian Navy for salary accounts.
• The MoU enables KMBL to offer its salary account proposition to all personnel of the Indian Navy — both serving and retired.

Kotak Mahindra Bank

• Headquarters: Mumbai, Maharashtra
• CEO: Uday Kotak
• Tagline: “Let’s make money simple”

Science and Technology

IIT-Ropar researchers develop a first-of-its-kind oxygen rationing device

• Researchers at the Indian Institute of Technology (IIT), Ropar, have developed a first-of-its-kind device that can regulate the flow of medical oxygen from the cylinder during inhalation and exhalation by a patient, thereby reducing wastage.
• This device supplies the required volume of oxygen to a patient during inhalation and trips when the patient exhales, thereby saving the flow of oxygen at that time.

Russia successfully test-fires S-500 missile system

• Russia had successfully test-fired its new S-500 air defence missile systems at a southern training range and hit a high-speed ballistic target.
• S-500 missile system is expected to have a maximum firing range of 600 kilometres. It is the most advanced anti-missile system in the world and is capable of countering attacks from space.

Russia

• Capital: Moscow
• Currency: Russian Rouble
• President: Vladimir Putin
• Prime Minister: Mikhail Mishustin

Appointments

Binaya Srikanta Pradhan was appointed as the next High Commissioner of India to the United Republic of Tanzania

• Binaya Srikanta Pradhan was appointed as the next Ambassador of India to the United Republic of Tanzania. He is a 2002 batch Indian Foreign Service officer (IFS). He is presently working as the Deputy Chief of Mission in the Embassy of India, Moscow.

Tanzania

• Capital: Dodoma
• Currency: Tanzanian Shilling
• President: Samia Suluhu Hassan

Awards and Recognitions

Cachar district of Assam wins the SKOCH Award for “Pushti Nirbhor” nutri-garden project at Dinnathpur Bagicha village

• Assam’s Cachar district won the SKOCH Award under the health category for its nutri-garden project named “Pushti Nirbhor” which was implemented at Dinnathpur Bagicha village in Assam.
• This village is near the India-Bangladesh border in the Katigorah circle of the Cachar district.

Books and Authors

Rakeysh Omprakash Mehra’s autobiography titled ‘The Stranger in The Mirror’ is set to be release soon

• Filmmaker Rakeysh Omprakash Mehra’s autobiography titled “The Stranger in The Mirror” is set to be released on 27 July. This book will be published by Rupa Publications.

Prince Harry to publish an ‘intimate and heartfelt’ memoir in 2022

• Prince Harry has announced that his memoir is set to be released in 2022. He will pen an “intimate and heartfelt memoir” that will detail the definitive account of the experiences, adventures, losses and life lessons that have helped shape him.
• This book will be published by Penguin Random House.

Sports News

Viswanathan Anand wins the Sparkassen Trophy

• India’s Grand Master Viswanathan Anand won the Sparkassen Trophy held at Dortmund in Germany. He defeated Vladimir Kramnik of Russia.

Indian wrestlers Aman Gulia and Sagar Jaglan become Cadet World Champions

• Indian young wrestlers Aman Gulia (48 kg category) and Sagar Jaglan (80 kg category) won the gold medal in the Cadet World Championship held in Budapest, Hungary.
• Sahil won the bronze medal in the 110 kg category.

Daily CA July 21 One-liner:

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