Daily Current Affairs (July 22&23, 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.


PM Modi begins On 3-Nation Visit To Rwanda, Uganda, and South Africa

The Prime Minister Narendra Modi will begin a three-nation, five-day tour to  Rwanda, Uganda, and South Africa.

The visit to Africa comes ahead of the 10th BRICS (Brazil, Russia, India, China and South Africa) summit in Johannesburg.

In Rwanda, he will be gifting 200 cows to the Rwandan President Paul Kagame to support his flagship ‘Girinka’ programme. Launched in Rwanda in 2006, Girinka promises one cow to every poor family in Rwanda. Modi will also visit the Genocide Memorial there. India will extend two lines of credit of USD 100 million each for agricultural sector and industrial sector to Rwanda.

In Uganda, Two lines of credit worth USD 164 million will be extended. In South Africa, bilateral meetings with South Africa President Cyril Ramaphosa, and countries participating in BRICS summit are planned.


Capital: Kigali

Currency: Rwandan franc


Capital: Kampala

Currency: Ugandan shilling

South Africa

Capital: Pretoria

Currency: South African rand

Women and Child Development Ministry to move proposal to amend POCSO Act

The Women and Child Development (WCD) Ministry is set to move a proposal for enhanced punishment in cases of sexual assault of male children.

The Law Ministry has cleared the proposal to amend the Protection of Children from Sexual Offences (POCSO) Act, 2012, for enhancing punishment in cases of sexual assault against young boys.

The Ministry was working on the proposal to amend the Act to award death penalty to those convicted of raping children below 12 years.

Advanced weather forecasting system unveiled in Chandni Chowk

A New weather forecasting system that will give out real time air quality index, advance forecasts and health advisories, was unveiled by Earth Sciences and Environment Minister Harsh Vardhan.

The SAFAR (System of Air Quality and Weather Forecasting), the first of its kind in the country, is located at Chandni Chowk in Old Delhi.

A giant LED display will give out real-time air quality index on a 24×7 basis with colour coding along with 72-hour advance forecast. The system was developed by the Indian Institute of Tropical Meteorology, Pune.

The SAFAR system would benefit cost savings to several other sectors such agriculture, aviation, infrastructure, disaster management skill and tourism.

NABARD launched Centre for Climate Change in Lucknow

The Agri-lender Nabard has launched a centre for accelerating concerted action on climate change by various stakeholders including government, private and financial sectors.

The Centre for Climate Change, set up in Lucknow, would help Nabard in enhancing its capacity building efforts manifold.

The National Bank of Agriculture and Rural Development will also extend professional support to stakeholders for designing climate related projects and take up collaborative studies and action research projects in area of climate change.

15th Finance Commission led by Chairman N.K.Singh visits Gujarat

The Fifteenth Finance Commission led by the Chairman N.K.Singh is in Gujarat on a 4-day visit to the state with members Shaktikanta Das, Dr. Anoop Singh, Dr. Ashok Lahiri, Dr. Ramesh Chand and Secretary Arvind Mehta.

The commission will have meetings with Chief minister, ministers and other officials of the state at Gandhinagar.

It expects to gain an in-depth understanding of the recent developments and future possibilities of economic growth and development in the state. There will also be an interactive session with Urban Local Bodies and Panchayati Raj Institutions to understand the status of the devolution (funds, functions and functionary) to the third tier and outstanding issues related to the State Finance Commission.


PM Modi inaugurates ambulance service in Sri Lanka

PM Narendra Modi along with his Sri Lankan counterpart Ranil Wickremesinghe launched the island-wide expansion of the 1990 Suwasariya Emergency Ambulance Service in Jaffna.

As per the scheme, 209 ambulances will be launched in Sri Lanka with a fund of $15.02 million contributed by India. At present 88 Ambulances have been inaugurated in south and east Sri Lanka and in the future more ambulances will be launched.

Modi stated that that this new service will provide local employment in Sri Lanka. He said that the ambulance service will also add to the skill-set.


Decisions In 28th Meeting of GST Council

The Goods and Services Tax Council, at its 28th meeting has reduced the rates on more than 50 products. GST on sanitary pads was cut from 12% to zero, rakhis were exempted from the tax.

Small televisions, washing machines, fridges and kitchen appliances such as mixers and juicers have their tax rates slashed from 28% to 18%.

Out of the 49 items currently taxed at the highest rate of 28%, rates on 17 have been reduced to 18%.

GST on handbags, jewellery box, wooden box for paintings, artware of glass, stone endeavour, ornamental framed mirrors and handmade lamps were reduced to 12%.

Then, footwear priced below 1,000 rupees will attract 5% rate. Imported urea and ethanol sold to oil companies for blending with petrol and diesel has been reduced to 5%.

Federal Bank Gets RBI Nod To Enter Bahrain, Kuwait, Singapore

The South-based private sector lender Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore, but is awaiting local clearances before it starts operations.

The Kochi-headquartered bank, which leads diaspora remittances, already has representative offices in Abu Dhabi and Dubai.

Federal Bank

MD and CEO: S Srinivasan

Headquarters: Kochi, Kerala

ONGC Board Approves Exiting Pawan Hans

The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49 per cent stake.

It aims to cut debt and consolidate resources in core oil and gas business.

Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale.

Of the 22 helicopters it currently has on hire, just seven or less than a third are from Pawan Hans. Pawan Hans owns a fleet of 46 helicopters.

Gadkari to launch development projects worth Rs. 5,400 crore in Madhya Pradesh

The Road Transport and Highways Minister Nitin Gadkari has launched development projects worth over 5,400 crore rupees in Guna district of Madhya Pradesh.

Gadkari plans to inaugurate 188 km of newly constructed road of three National Highways and lay the foundation stone for 226 km road of two other National Highways in a function held at Lal Parade ground, Guna.

The Minister will also inaugurate port projects worth Rs 1,062 crores.


Kerala tops the list as best-governed state in India

Kerala-tops-the-list-as-best-governed-state-in-India-300x169.jpg" alt="" width="300" height="169" srcset="http://s3-eu-central-1.amazonaws.com/bankersdaily/wp-content/uploads/20180723180120/Kerala-tops-the-list-as-best-governed-state-in-India-300x169.jpg 300w, http://s3-eu-central-1.amazonaws.com/bankersdaily/wp-content/uploads/20180723180120/Kerala-tops-the-list-as-best-governed-state-in-India-768x432.jpg 768w, http://s3-eu-central-1.amazonaws.com/bankersdaily/wp-content/uploads/20180723180120/Kerala-tops-the-list-as-best-governed-state-in-India-530x298.jpg 530w, http://s3-eu-central-1.amazonaws.com/bankersdaily/wp-content/uploads/20180723180120/Kerala-tops-the-list-as-best-governed-state-in-India.jpg 970w" sizes="(max-width: 300px) 100vw, 300px" />Pinarayi Vijayan’s ruled Kerala stands as the best-governed state in the country followed by Tamil Nadu, according to the Public Affairs Index 2018 released by the think tank Public Affairs Centre (PAC).

While Telangana, Karnataka and Gujarat are ranked third, fourth and fifth among the top five states delivering good governance. Madhya Pradesh, Jharkhand and Bihar ranked the lowest on the PAI, indicating higher social and economic inequalities in the states.

The index examines governance performance in the states through a data-based framework, ranking them on social and economic development they are able to provide.

Kerala, Himachal Pradesh and Mizoram topped the index on being the states to provide better living conditions for all children.


Tokyo 2020 Paralympic mascot named Someity

The mascots of both the Olympic and Paralympic Games Tokyo 2020 greeted the Japanese public for the first time.

The Tokyo 2020 Paralympic mascot‘s name was revealed as Someity, (pronounced soh-may-tee) which comes from someiyoshino, a popular cherry blossom variety, and additionally echoes the English phrase “so mighty”. It represents Paralympic athletes who overcome obstacles and redefine the boundaries of what is possible.

The Tokyo 2020 Olympic mascot‘s name was revealed as Miraitowa (pronounced mee-rah-e-toh-wa), based on the Japanese words mirai (future) and towa (eternity) combined. This name was chosen to promote a future full of eternal hope in the hearts of people all over the world.

Alisson Becker Becomes World’s Most Expensive Goalkeeper

Brazil goalkeeper Alisson Becker has became the world’s most expensive goalkeeper when he joined Liverpool from Roma with a world record £56 million.

The deal could rise to as much as £65 million, with a further £10 million in add-ons, which are dependent on Liverpool’s qualification for the UEFA Champions League and wins in various competitions in the future.

Shubhankar Sharma Becomes Youngest Indian To Make Cut in A Major

Shubhankar Sharma became the youngest Indian golfer to make the cut in any Major after he capped a wonderful back nine to achieve the feat at the 147th Open Championships at Carnoustie, Scotland.

Zach Johnson of the USA, the 2007 Masters and 2015 Open champion, rose to the top of the leaderboard.

India bags 8 medals including two gold at Jr Asian Wrestling Ch’ship

India has won 8 medals in the Junior Asian Wrestling Championship which concluded in New Delhi.

The medals comprised 2 gold, 3 silver and as many bronze. Sachin Rathi won the gold after winning the bout in the 74 kilogram category.

Deepak Punia then won the gold in the 86 kilogram category. Suraj Rajkumar Kokate won a bronze in the 61 kilogram category while Mohit won bronze in the 125 kilogram category.

Iran with 189 points topped the team championship. India with 173 points finished second while Uzbekistan with 128 points came third.

Badminton: Lakshya wins Asian junior crown

Lakshya Sen has became only the third Indian shuttler to secure a gold medal at the Badminton Asia junior championships after defeating World junior champion Kunlavut Vitidsarn of Thailand.

The Badminton Association of India has announced a cash reward of ₹10 lakh for Lakshya. The event was held at the Jaya Raya Sports Hall in central Jakarta.


Former Chhattisgarh Finance Minister Ramchandra Singhdeo Passes Away

Ramchandra Singh Deo, who had the distinction of being the first finance minister of Chhattisgarh, passed away. He belonged to the Indian National Congress.

Deo was also the Minister of Water Resources in Madhya Pradesh prior to the inception of Chhattisgarh.

Pulitzer Prize-winning food critic Jonathan Gold passes away

Jonathan Gold, the Pulitzer Prize-winning Los Angeles Times restaurant critic has passed away.

One of the most widely admired voices of Los Angeles, Gold wrote about restaurants for four decades.He became the first restaurant critic to win a Pulitzer for criticism in 2007.