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Important Current Affairs of 16th July

NATIONAL:

Govt plans to set up 4,200 Ayush wellness centres in ongoing fiscal

• Ayush Minister Shripad Yesso Naik informed the Rajya Sabha that 2,500 new centres are planned to be opened within the first four months of the present government.

• The government also provided financial assistance to set up integrated Ayush hospitals in 85 districts across various states, and has plans to add more.

• The government is trying to modernise Ayush hospitals across the country and is increasing the number of doctors. It is also modernising postgraduate AYUSH medical colleges.

• The government provided around Rs 53,000 crore for Ministry of Health and Rs 1,686 crore for Ministry of Ayush for the last fiscal. Standing Committee asked to increase the budget for the Ministry of Ayush.Yadav asked the government to introduce NET like all-India entrance exam for tradition medical education.

INTERNATIONAL:

Alan Turing, who cracked Nazi code to win World War II, to appear on Bank of England note

• Mathematician Alan Turing, whose cracking of a Nazi code helped the Allies to win World War Two but who committed suicide after being convicted for homosexuality, will appear on the Bank of England’s new 50-pound banknote, the BoE said on Monday.

• Turing’s electro-mechanical machine, a forerunner of modern computers, unraveled the Enigma code used by Nazi Germany and helped give the Allies an advantage in the naval struggle for control of the Atlantic.

• His work at Bletchley Park, Britain’s wartime code-breaking centre, was credited with shortening the war and saving many thousands of lives.

• But he was stripped of his job and chemically castrated after being convicted of gross indecency in 1952 for having sex with a man. Homosexual sex was illegal in Britain until 1967.

World Bank planned to offer $250 million to

• World Bank would offer a credit of $250 million to the Kerala Government for the Resilient Kerala venture.

• The primary point is at improving the state's versatility against the effects of catastrophic events and environmental change in the wake of a year ago's floods.

• The World Bank as of late marked a $250 million credit consent to help Kerala upgrade its flexibility against catastrophic events and environmental change.Kerala

BUSINESS AND ECONOMY:

RBI imposed fine on SBI and Union Bank of India for violating certain regulatory guidelines

• The Reserve Bank of India (RBI) imposed fine on State Bank of India (SBI) and Union Bank of India for violating certain regulatory guidelines.

Fine on SBI:

RBI fined Rs.7 crore as SBI did not comply with the directions issued by the RBI on Income Recognition and Asset Classification (IRAC) norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and fraud risk management and classification and reporting of frauds.

• The central Bank held the reference to its financial position as on March 31, 2017 which revealed that the lender had violated those norms.

APPOINTMENTS AND RESIGNATION:

FanMojo appointed Prithvi Shaw as its brand ambassador

• FanMojo has appointed Prithvi Shaw as its brand ambassador. FanMojo is a fantasy sports platform and it is owned by mobile tech company U2opia Global.

•  A lot of former as well as current cricketers including Kapil Dev, MS Dhoni, Virat Kholi and Murali Karthik have associated themselves with various Fantasy cricket league.

Prithvi Shaw:

Prithvi Pankaj Shaw is an Indian cricketer and former India national under-19 cricket team captain. His first international appearance was on 4 October 2018. He is the second-youngest Indian cricketer, after Tendulkar, to make a Test century and the youngest Indian to do so on Test debut.

SPORTS:

Sharath Kamal voted IOC Sportsperson of the Year

• Sharath Kamal voted the Sportsperson of the Year in the yearly Indian Oil Sports Conclave.

• Different chosen people were cricketer Cheteshwar Pujara, Grandmaster B Adhiban, hockey player Simranjeet Singh and table tennis player Manika Batra.

About Sharath Kamal:

 Sharath Kamal is an expert table tennis player from Tamil Nadu, India. He was among the five candidates for whom votes were surveyed by more than 60 first class sportspersons utilized with the oil major.

PV Sindhu to spearhead Indian campaign at Indonesia Open Badminton

• PV Sindhu won the Indian campaign at the Indonesia Open Badminton tournament beginning.The tournament took place at Jakarta.

• Sindhu will play her opening game against Japan's Aya Ohori tomorrow. Saina Nehwal will not take part in the tournament.Kidambi Srikanth is placed at 8th position.

 B. Sai Praneeth and HS Prannoy are other Indians seen in action in the Singles.

• Srikanth face Japan's Kenta Nishimoto, Praneeth take on Wong Wing Ki of Hong Kong. Prannoy meet second-seeded Chinese Shi Yuqi.Ashwini Ponnappa, N. Sikki Reddy, Satwiksairaj Rankireddy and Chirag Shetty are among those will figure in the Doubles.

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Important Current Affairs 15th July

AGREEMENTS AND MOU'S:

Lok Sabha passes bill to strengthen anti-terror agency NIA.

• The Lok Sabha on Monday passed the National Investigation Agency (Amendment) Bill 2019

• The bill had been passed with 278 members voting in its favour and six against it

• It also seeks to strengthen the powers of NIA in cases involving explosives and the responsibility in cases of human trafficking will be given to the investigation agency.

APPOINTMENTS AND RESIGNATIONS:

SP leader Neeraj Shekhar resigns as Rajya Sabha member.

• Samajwadi Party leader Neeraj Shekhar on Monday resigned as member of the Rajya Sabha and his resignation was accepted by Chairman M Venkaiah Naidu

• Shekhar, the son of former prime minister Chandra Shekhar, met Naidu and told him he is resigning voluntarily and not under any compulsion

• He had been a member of the Rajya Sabha from Uttar Pradesh since November 26, 2014, and was due to retire on November 25, 2020

Kalraj Mishra appointed Himachal Pradesh Governor.

• Senior BJP leader Kalraj Mishra was Monday appointed as the Governor of Himachal Pradesh

• replacing Acharya Devvrat, who has been transferred and appointed as the Governor of Gujarat.

• the appointments of Mishra and Devvrat will come into effect from the dates they assume charge of their respective offices.

Former leader of opposition Chandrakant Kavlekar has been appointed as the deputy chief minister of Goa.

• Former leader of opposition Chandrakant Kavlekar has been appointed as the deputy chief minister of Goa. He sworn in as DCM on 15 July. He is among the four legislators inducted into the Goa cabinet.

The appointment came days after 10 Congress MLAs in Goa joined the BJP. Mr.Sawant reshuffled the Goa cabinet on 13 July. Three members of the ally, Deputy Chief Minister Vijai Sardesai, Water Resources Minister Vinod Palyekar, Rural Development Minister Jayesh Salgaonkar and Independent MLA and Revenue Minister Rohan Khaunte, were dropped to accommodate the new members to the cabinate. The monsoon session of the Goa state Assembly began on 15 July.

Chandrakant Kavlekar:

Kavlekar is also known as Chandrakant 'Babu' Kavlekar. He is an Indian Politician from the state of Goa. He is a four term member of the Goa Legislative Assembly. On 11 July 2019 he left Indian National Congress and joined Bharatiya Janata Party.

SPORTS:

England win World Cup for first time for hitting more boundaries.

• England  won the World Cup for the first time due to hitting more boundaries after tied scores in World Cup history's first-ever Super Over forced a boundary count-back. The match went into Super Over wherein both the teams scored 15 each after hitting 241 runs apiece in their respective 50 overs. England scored 26 boundaries while New Zealand hit 17.

Sprinter Hima Das wins 3rd international gold.

• Sprinter Hima Das bagged her third international gold in two weeks after winning the women’s 200m event at the Kladno Memorial Athletics Meet in Czech Republic. Das clocked 23.43 seconds to win the event. Muhammed Anas also won gold in the men’s 400m event after clocking 45.21 seconds to finish first.

AWARDS:

SRK to be awarded honorary doctorate at Indian Film Fest of Melbourne.

• Australian University La Trobe will award actor Shah Rukh Khan with an honorary doctorate at the Indian Film Festival of Melbourne on August 9. It's the first Australian University to award Khan with an Honorary Doctor of Letters

Padma Shri awardee Raghu Ram receives FRCS of Thailand.

• Popular breast surgeon and Padma Shri awardee P.Raghu Ram bagged with Honorary Fellowship of the Royal College of Surgeons (FRCS) of Thailand

The function held at the 44th annual congress of the Royal College in Pattaya

The theme of the function is  “ASEAN collaboration in value-based surgery”.

The highest recognition got by the Institute in recognition of  Raghu Ram’s bold vision coupled with an intense body of work

It paved towards significantly improving the delivery of breast healthcare in India. It helps in the recognition of his contribution in promoting the highest standards of surgical education in India through his association with the Royal College of Surgeons of Edinburgh and England.

It was conferred by professor Tanaphon Maipang, the President of the Royal College of Surgeons of Thailand.

Raghu Ram achieved the rare distinction conferred FRCS from six Royal Colleges include London, Edinburgh, Glasgow, Ireland, and Thailand & from the American College of Surgeons.

In 1995, he qualified to become a surgeon and he had 24 years of experience.

He also created awareness about the importance of early detection of breast cancer.

About Thailand:

♦ Capital: Bangkok

♦ Prime Minister: Prayut Chan-o-cha

Kaushik Gangulys Bengali film Nagarkirtan bags 4 awards including Best Feature Film at SAARC film festival 2019.

• The 9th edition of the SAARC( South Asian Association for Regional Cooperation) festival 2019 in Colombo, Srilanka.

Bengali filmmaker Kaushik Ganguly’s film ‘Nagarkirtan’ won four awards (Best Director’, ‘Best Actor’ and ‘Best Original Score’) including ‘Best Feature Film’ at the festival.

The Best Actor award bagged to Riddhi Sen.

The Two other Indian films have won awards at the fest.

‘Na Bole Wo Haram’ bagged the ‘Best Short Film’ award directed by Nitish Patankar, while ‘Walking With the Wind’ received the Special Jury award directed by Praveen Morchhale.

About SAARC:

The South Asian Association for Regional Cooperation (SAARC) is an economic and geopolitical organization of eight countries.

They are primarily located in South Asia.

It is established on 8 December 1985.

Main Objectives: To promote and strengthen collective self-reliance among the countries of South Asia to contribute to developing mutual trust, understanding, and appreciation of one another’s a problem.

The member states include Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.

The Secretariat of the SAARC is in Kathmandu, Nepal

It is established on 16 January 1987.

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Important Current Affairs of 14th July

AGREEMENTS AND MOU’s:

India, US agree to address mutual trade concerns.

• India and the United States have agreed to further grow their economic relationship and address mutual trade concerns.

A US delegation led by Assistant Trade Representative Christopher Wilson held bilateral talks with a team of Indian officials headed by Additional Secretary, Department of Commerce.

The two sides discussed the broad contours of bilateral trade and commercial ties and agreed to continue discussions for achieving mutually beneficial outcomes.

The meeting was aimed at providing a new impetus to bilateral trade and commercial ties. It was in line with the mandate given by Prime Minister Narendra Modi and US President Donald Trump during their meeting at Osaka in Japan last month on the sidelines of the G-20 summit.

APPOINTMENTS AND RESIGNATIONS:

BL Santosh appointed BJP’s national general secretary of organisation.

• BJP president Amit Shah Sunday elevated party’s joint general secretary (organisation) B L Santosh as its general secretary (organisation)

• Santosh, an RSS ‘pracharak’ with experience of electoral politics, especially in Karnataka.

• Santosh was the party’s general secretary (organisation) for eight years in Karnataka before he was made a national office bearer in charge of southern states in 2014.

SPORTS:

Williamson registers most runs by a captain in a World Cup edition.

• New Zealand skipper Kane Williamson has set the record for most runs by a captain in World Cup history. The 28-year-old took his tally of runs in 2019 World Cup to 549 after opening his account against England in the final on Sunday, breaking the record set by Sri Lanka's Mahela Jayawardene, who aggregated 548 runs in 2007 World Cup.

Mexico wins CONCACAF Gold Cup final.

• Mexico defeated USA to claim their eighth CONCACAF Gold Cup title.

Jonathan Dos Santos scored the winning goal in 73rd min for Mexico in the thrilling final.

The teams met five previous times in the Gold Cup final, but this year’s edition held additional value:

The Americans had a chance to reestablish confidence in a program haunted by its failure to qualify for the 2018 World Cup.

Mexico looked like the more dangerous team in the second half.

They finally broke through in the 73rd minutes.

Jonathan dos Santos scored off a back-heel pass from Raul Jimenez fountains of beer to fly upward in the pro-Mexico crowd.

The Americans created scoring opportunities early one of the positive trends through the tournament.

About CONCACAF

Founded    1963

Region    North America, Central America and the Caribbean(CONCACAF)

Number of teams    16

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Important Current Affairs of 12th July

NATIONAL:

ICSI launches UDIN to improve corporate governance

• Institute of Company Secretaries of India (ICSI) rolled out an initiative in the form of a Unique Document Identification Number (UDIN)

• The main aim is to pursue a heightened sense of self-governance and strengthen the practicing side of company secretaries.

• UDIN will provide ease of maintaining a register of attestation and certification services. The ICSI functions under the Ministry of Corporate Affairs.

The second edition of India-Russia Strategic Economic Dialogue 2019 held in New Delhi

• The second India-Russia Strategic Economic Dialogue (IRSED) 2019 held

The function was held in New Delhi.

• Aim: The bilateral cooperation between the two countries.The various fields was chaired by Rajiv Kumar, Vice-Chairman of India’s think tank, National Institution for Transforming India (NITI) Aayog, and Russia’s Deputy Minister of Economic Development, Timur Maksimov.

• The main areas of cooperation include Development of transport infrastructure and technologies Development of agriculture and agro-Processing sector Small and Medium business support Digital Transformation and Frontier Technologies Cooperation in Trade, Banking, Finance, and Industry Tourism & Connectivity.

INTERNATIONAL:

Airtel Africa has been listed as the third-largest stock on the bourse by market value

• Airtel Africa has been listed as the third-largest stock on the bourse by market value. On 9 June, Nigerian Stock Exchange reported that the Airtel Africa has a 1.36 trillion naira ($4.4 bn) flotation. Airtel Africa operates across 14 African countries.

• The listing comes after Airtel's main rival, South Africa’s MTN, listed its Nigerian unit in Lagos in May in a $6.5 billion float.  South Africa’s MTN is in the second-largest stock on the bourse by market value.

• The shares of Airtel Africa climbed 10% from their listing price of 363 naira after the float went live. The company, owned 68.3% by India’s Bharti Airtel, offered shares in its African unit via a London IPO and dual list in Nigeria.

AWARDS AND ACHIEVEMENTS:

NASA awarded Imaging Xray polarimetry explorer (IXPE) mission to SpaceX

• NASAhas awarded a contract to SpaceX to launch NASA’s Imaging Xray polarimetry explorer (IXPE) mission,a groundbreaking astrophysics mission. The mission aims to uncover the mysteries behind black holes and neutron stars.

The cost estimated for the mission is $50.3 million. The mission plans to launch three space telescopes. These telescopes will be capable of analyzing the polarization of cosmic X-rays. The IXPE mission is expected to be launched from the Kennedy Space Centre in April 2021.

About IXPE:

The Imaging X-ray Polarimetry Explorer (IXPE) will get information regarding thepolarization state of light from astrophysical sources. This will provide insight into the X-ray production in objects such as neutron stars and pulsar wind nebulae, as well as stellar and supermassive black holes.

The launch mass of IXPE is 320 kilograms. IXPE will be launched over SpaceX FALCON 9 which is capable of launching 22,800 kilograms to low Earth orbit (LEO).There will also be excess payload capacity at launch.

APPOINTMENTS AND RESIGNATION:

MN Rao appointed DG of Fire Services, Civil Defence and Home Guard

• The central government appointed M Nageswar Rao, Additional Director of CBI as the Director General of Fire Services, Civil Defence and Home Guard. He will continue to hold the post till superannuation in July 2020.

• He will replace former CBI Chief Alok Verma.The Supreme Court held Rao guilty of Contempt of Court for transferring the investigating officer heading the probe in Muzaffarpur shelter home case in violation of the orders of Apex Court.

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Important Current Affairs of 11th July

NATIONAL:

Govt initiates proposal to establish first National Police University.

• Centre today said it has initiated a proposal to establish the first National Police University in the country.

It will be dedicated to imparting education in policing and internal security.

In a written reply in Lok Sabha the Minister of State for Home Affairs, G. Kishan Reddy said the university will conduct undergraduate, graduate and postgraduate academic programmes in specialized subjects.

He said Gujarat, Rajasthan and Jharkhand have set up dedicated universities for conducting courses in police services and internal security.

Prasar Bharati signs MoU with IIT Kanpur for research collaboration in newly emerging technologies.

• Prasar Bharati and Indian Institute of Technology, Kanpur today signed a Memorandum of Understanding for research collaboration in newly emerging technologies and broadcasting-related areas in New Delhi.

• The move is likely to boost research activities in the broadcasting field. Chief Executive Officer of Prasar Bharati Shashi Shekhar Vempati and Director, IIT Kanpur Abhay Karandikar were present at this juncture.

• Direct to mobile broadcasting, Convergence of 5G, Artificial Intelligence Incubation Centre by Prasar Bharati and student internship for students of IIT, Kanpur at Prasar Bharati are among the main areas in the research collaboration.

• Speaking on the occasion, Mr Vempati said, this engagement with IIT, Kanpur on Research and Development and innovation are very important as it is the onus of the largest public broadcaster to actively look to the future, develop and shape the future with emerging technologies.

The MoU will be effective from today and remain in force for a period of five years. The institutes may extend the term in writing through mutual agreement.

AGREEMENTS AND MOU’S:

Homegrown VNL to build digital villages in Vietnam.

• VNL has signed a Memorandum of Understanding with Vietnam, to provide solutions for advancing rural connectivity by creating Digital Villages in Vietnam’s underserved areas,” the Gurugram-based company in a statement said.

• The development comes on the back of India’s efforts to provide digital connectivity in CLMV countries namely Cambodia, Laos, Myanmar and Vietnam.

The Indian companies are eying the Southeast Asia region for their business expansion with the Prime Minister Narendra Modi-led government sharing strategic ties for developmental initiatives with the countries.

BANKS AND ECONOMICS:

Oriental Bank of Commerce bank cuts MCLR rate upto 10 bps.

• Oriental Bank of Commerce (OBC) has reduced the marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (bps) for various tenors. It is effective from 11 July 2019. MCLR for overnight has been reduced to 8.20% from 8.30% and one-month loan tenor has been reduced by 10 bps from 8.35% to 8.25%.

Similarly, MCLR has been decreased by 5 bps for:

1) three-month loan to 8.45%

2) six-month loan to 8.55%

3) one-year tenor loans to 8.65%.

Previosly, the MCLR for three-month, six-month and one-year tenor loans were at 8.50% , 8.60% and 8.70%, respectively.

RBI's announcement:

The move comes after the announcement of RBI's Governor Shaktikanta Das who said that RBI expects faster transmission of the three successive repo rate cuts totalling 75 basis points.

In June the RBI announced 25 bps repo rate cut in the Monetary Policy review. It is expected to reduce still, in the next meeting of the monetary policy committee which is scheduled for 5-9 August.

Other banks reduces MCLR:

The State Bank of India had lowered its MCLR by 5 basis points across all tenors on 9 July 2019.

In June RBI announced rate cut in Monetary Policy review. After the announcement, Bank of Maharashtra, Corporation Bank and IDBI Bank had reduced their MCLR by 5-10 bps in the month of May 2019.

MCLR:

MCLR is abbreviated as Marginal Cost of funds based Lending Rate

MCLR refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. MCLR is the reference rate or an internal benchmark set by and for the bank.

Oriental Bank of Commerce:

Founded on: 19 February 1943

Headquarters: Gurugram, India

MD & CEO: Mukesh Kumar Jain

Total assets: ₹237,541.54 crore

The Bank has around 2700 branches and 2621 ATMs across India.  It is one of the promising public sector banks (PSBs) in India.

DAYS:

World Population Day 11 July.

• World Population Day, which seeks to focus attention on the urgency and importance of population issues, was established by the then-Governing Council of the United Nations Development Programme in 1989, an outgrowth of the interest generated by the Day of Five Billion, which was observed on 11 July 1987.

• This year's World Population Day calls for global attention to the unfinished business of the 1994 International Conference on Population and Development. Twenty-five years have passed since that landmark conference, where 179 governments recognized that reproductive health and gender equality are essential for achieving sustainable development.

• In November, UNFPA, together with the governments of Kenya and Denmark, will be convening a high-level conference in Nairobi to accelerate efforts to achieve these unmet goals. On World Population Day, advocates from around the world are calling on leaders, policymakers, grassroots organizers, institutions and others to help make reproductive health and rights a reality for all.

Why Do We Mark International Days?

• International days are occasions to educate the public on issues of concern, to mobilize political will and resources to address global problems, and to celebrate and reinforce achievements of humanity. The existence of international days predates the establishment of the United Nations, but the UN has embraced them as a powerful advocacy tool.

AWARDS:

Smith Nephew's NAVIO Honored at the Economic Times Best Healthcare Brands 2019.

• NAVIO, a robotics-assisted surgery system from Smith & Nephew, a Global medical technology provider, has recently been felicitated at the prestigious 'The Economic Times Best Healthcare Brands 2019' at a glittering ceremony held in the capital of India recently. This coveted and one of the most prestigious awards in India honors brands which have shown robust growth by high customer satisfaction in the healthcare sector. The recognition was based of an extensive research carried out by the Economic Times, the business publication of the Times of India Group.

• NAVIO surgical system has been designed to aid Indian surgeons with implant alignment, ligament balancing and bone preparations which are the key factors for patient satisfaction. While conventional knee replacement surgery is highly successful, incidences of improperly installed replacement parts are not uncommon. To improve outcomes, Indian surgeons are now using the NAVIO robotic-assisted total knee replacement surgery and it has shown to be extremely effective for partial and total knee replacement surgery and resulting in improved functional outcomes for the patient. NAVIO enables the surgeon to fix only the damaged part of the knee to absolute perfection, saving all the other normal structures of the joint.

SPORTS:

Commonwealth C'ships: Rakhi Halder, Davinder Kaur win gold medals on second day.

• Rakhi Halder and Davinder Kaur won a gold medal each in the senior women's section as Indian weightlifters continued their impressive show on the second day of the Commonwealth Championships in Apia Samoa today.

India also won five other gold medals in the junior and youth sections.

The Commonwealth Championships are being held simultaneously together for the youth, junior and senior categories.

Kaur lifted a total of 184kg  to win the women's 59kg gold while Halder clinched the yellow metal with a combined effort of 214kg  in the  64kg category.

On the first day yesterday, India had clinched 8 gold, 3 silver and 2 bronze medals. Former world champion Mirabai Chanu had clinched the gold in women's 49kg with a total lift of 191kg.

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Important Current Affairs 10th July

NATIONAL:

Shailesh Sadashiv Tinaikar resumed his office as the Force Commander of UNMISS

• Lieutenant General Shailesh Sadashiv Tinaikar has been newly appointed as the Force Commander of the UN mission in South Sudan. He assumed charge in Juba on July 6. The appointment was announced by the UN Secretary-General Antonio Guterres in May.

• Tinaikar:

Tinaikar has a long and distinguished career with the Indian Army spanning over three decades. He graduated from the Indian Military Academy in 1983.  He did his Master of Philosophy (M Phil) in Defence and Strategic Studies from The University of Madras, India. He was awarded in December 2014.

He served in the United Nations Angola Verification Mission III from 1996 to 1997. He served in the United Nations Mission in Sudan from 2008 to 2009. He has served as the Additional Director General of Military Operations at Army Headquarters from 2017 to 2018.

He was awarded the Vishisht Seva Medal and the Sena Medal for his Distinguished Service.  India is the second highest troop contributor to UNMISS, as of March 2019. India contributed with 2,337 troops deployed with the mission.

INTERNATIONAL:

Kyriakos Mitsotakis sworn in as the Prime Minister of Greece

• Kyriakos Mitsotakis, the Greek conservative leader, sworn in as the Prime Minister of Greece. The election result gave New Democracy an outright majority with 158 seats in the 300-member Greek parliament. He is EU's most indebted member who promised to end a decade of economic crisis.

About Kyriakos:

Kyriakos Mitsotakis,  51 years old, is a Greek politician. He was previously the Leader of the Opposition from 2016 to 2019. He served as the Minister of Administrative Reform from 2013 to 2015. Mitsotakis in his campaign promised further reforms with a focus on fewer taxes, attracting investment and improving the job market.

Greece:

President: Prokopis Pavlopoulos

Prime Minister: Kyriakos Mitsotakis

Capital: Athens

Official language: Greek

Currency: Euro (€) (EUR)

BUSINESS AND ECONOMY:

LinkedIn chooses Ashutosh Gupta as country manager for India

• LinkedIn appointed Ashutosh Gupta as its new country manager for India effective

September 2, 2019. He will replace Mahesh NarayananHe was the country manager for India from January to June 2019.

• Gupta joined LinkedIn as the head of Marketing Solutions (LMS) business in 2013.He moved to Singapore to build LMS’ Online Sales Organisation (OSO) for the Asia Pacific(APAC) and China.He will report to Olivier Legrand, LinkedIn’s Managing Director(MD) for the APAC and he will continue to lead the LMS’s OSO.

• He is an alumnus of IIM-Lucknow and IIT (BHU), Varanasi worked in organizations like Google, Cognizant, and Infosys. The two decades of experience on the internet and IT and software services industriesMicrosoft-owned LinkedIn over 630 million users globally more than 57 million members in India.

AWARDS AND ACHIEVEMENTS:

Gully Boy won NETPAC award in Bucheon film festival

• Film-maker Zoya Akhtar's directorial 'Gully Boy' won the Network for the Promotion of Asian Cinema (NETPAC) Award at the 23rd Bucheon International Fantastic Film Festival (BIFAN) in South Korea.

• NETPAC Jury Committee, comprised of NETPAC members and film professionals which features newer genres and varied stories of comedy, fantasy and drama

'Gully Boy', features actors Ranveer Singh and Alia Bhatt, is based on the lives of street rappers.

• The film performed well in the Indian and overseas market.

It will also be screened at the 2019 Indian Film Festival of Melbourne.

Akhtar recently made the Indian film industry proud by joining the list of new members of the Academy of Motion Picture Arts and Sciences that organizes the annual Oscar awards.

APPOINTMENTS AND RESIGNATION:

Dravid appointed as the Head of Cricket at the National Cricket Academy (NCA) in Bengaluru

• Former India captain Rahul Dravid has been appointed as the Head of Cricket at the National Cricket Academy (NCA)in Bengaluru. The appointment was announced and approved by Board of Control for Cricket in India (BCCI) on 8 July. He is currently the vice-president of India Cements.

Roles and Duties:

Dravid will work closely with the National Head Coaches and Cricket Coaches for India Developmental teams which includes India A, India Under 19, India Under 23 teams, in the identification of key training and development objectives.

He will monitor progress against these objectives for the developmental teams. The role expects him to provide necessary inputs on the same to the Senior Men’s and Women’s Head Coaches.

SPORTS:

MS Dhoni became the only second Indian player to reach the 350-game mark in ODI

• MS Dhoni became the only second Indian player to reach the 350-game mark in One-Day International cricket (ODI). The first Indian to set the record was Sachin Tendulkar.

• MS.Dhoni:

He has been tagged as one of the best finishers in the sport. Dhoni led India from 2007 to 2017. Under Dhoni's captaincy won its second championship in the cricket world cup. He also led India to No. 1 position in the ICC Rankings.

• He is regarded as one of the greatest captains in the world of cricket. MS Dhoni is the only skipper to have won every major ICC tournament. The former Indian captain is also the first wicketkeeper to play in 350 ODI matches.

• He is also the first captain in the world to win three different ICC trophies. Dhoni also led India to a memorable 2013 Champions Trophy triumph in England.

In his more than 14-years of international career, Dhoni has played an integral part in many of India's famous victories.

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Important Current Affairs of 9th July

NATIONAL:

Indian business man becomes first expat in Sharjah to get UAE’s permanent residency.

• UAE-based Indian business tycoon Lalu Samuel has become the first expat in Sharjah to get the gold card permanent residency.

• Unlike the long-term visa of 5-10 years for businessmen and talented individuals, the gold card gives permanent residency of the UAE to the holder.

• The Kingston Group chairman was handed over the gold residence card by Brigadier Arif Al Shamsi, Director-General of residency and foreigners affairs in Sharjah, the Gulf News reported Monday.

About Kingston Group:

• The Kingston Holdings owns one of the largest manufacturing companies in the Middle East that comprises several manufacturing units that process plastic and metal.

Odisha state government implemented the Centres Witness Protection Scheme 2018.

• The Odisha state government implemented the Centre’s Witness Protection Scheme 2018. Naveen Patnaik led Odisha govt. informed the Orissa High Court on 6 July. By this Odisha became the first State to implement the Scheme.

On December 5 2018, Supreme Court has directed all States and Union Territories to endorse the Central scheme on Witness Protection Scheme-2018. It said that the Witness Protection Scheme, 2018 shall be the 'law' under Article 141 and 142 of the Constitution, till the enactment of suitable parliamentary or state legislations on the subject.

Reason for implementation:

The move comes after an informant sought protection for his life and property as he was a witness in a murder case under Kodala police station area in Ganjam district in the Orissa HC. A Single Judge Bench of Justice Biswajit Mohanty directed the petitioner to approach the competent authority in the district concerned for protection under the scheme.

Categories of the Scheme:

Under the scheme, the state govt. included three categories of witnesses as per threat perception.

Category A: This category consists of those cases where threat extends to the life of witness or family members during an investigation, trial or thereafter.

Category B: Cases where the threat extends to safety, reputation or property of the witness or family members during the investigation or trial.

Category C: Cases where the threat is moderate and extends to harassment or intimidation of the witness or family members, reputation or property during investigation, trial or thereafter.

Provisions of the Scheme:

The scheme includes different features including protective measures that ensures that:

♦ protection and Change of identity

♦ the witness and the accused do not come face to face during probe

♦ relocation of witness

♦ confidentiality and preservation of records and recovery of expenses among others

APPOINTMENTS AND RESIGNATIONS:

Hero MotoCorp appoints Rajat Bhargava as head of EV business.

• India's largest two-wheeler maker Hero MotoCorp on Tuesday appointed Rajat Bhargava as the head of its new 'Emerging Mobility' business unit. Hero created the unit to give an impetus to new mobility trends such as Electric Vehicles, the company said. Currently, Bhargava is the Head of Strategy & Performance Transformation and Global Business at the company.

SPORTS:

Vinesh Phogat won gold medal in the 53 kg category at the Grand Prix of Spain 2019.

• India’s top wrestler Vinesh Phogat won her first gold medal after shifting to 53kg category and Divya Kakran claimed the top honours in the 68kg category at the Grand Prix of Spain 2019 at Madrid, Spain. In the championship, India finished second with 130 points in team championship behind Russia which secured 165.

Vinesh defeated Dutch rival Jessica Blaszka at the finals. She is one of India’s medal hopefuls at the 2020 Tokyo Games. She won gold medal at the Jakarta Asian Games. Vinesh had competed in Asian Championship and won bronze. She played in Dan Kolov and won silver respectively in the 53kg category.

Brazil won the Copa America2019 title.

• Brazil won its first Copa America 2019 title since 2007. It defeated Peru and secured 3-1. The team already owns the fifth and ninth Copa América trophy.  The event was hosted by Brazil.

• Everton was named player of the final and also finished as one of the tournament's top scorers with three goals. Dani Alves, Brazil's right-back, was awarded the player of the tournament.

• The last time they won the Copa América was in 1989. Then it played against Uruguay at the Maracanã. Brazil's only other title since 2007 came in the 2013 Confederations Cup

Copa America 2019:

• The 2019 Copa América was the 46th edition of the Copa América, the international men's association football championship. It was founded in 1916.

• It was organized by South America's football ruling body CONMEBOL. It was held in Brazil and took place between 14 June to 7 July 2019 at 6 venues across the country.

• Uruguay is the Copa América's most successful nation with 15 titles.

Chanu wins gold at Commonwealth Senior Weightlifting C'ship.

• Former world champion Mirabai Chanu won a gold medal on the opening day of the Commonwealth Weightlifting Championship on Tuesday. The Indian contingent won 13 medals that included eight gold, three silver and two bronze medals in senior, junior and youth categories. Mirabai lifted a total of 191kg in the senior women's 49 kg event.

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Important Current Affairs 8th July

NATIONAL:

Union Budget Highlights 2019 - 2020

•  Finance Minister Nirmala Sitharaman presented a union budget for the financial year 2019 - 2020. The main aim is to boost investment at a time when the economy shows signs of a slowdown.

•  It is the Bharatiya Janata Party, which is led by Prime Minister Narendra Modi.

The key highlights of union Budget 2019 are  given below :

A 10-point Vision for the decade

1.         Building Team India with Jan Bhagidari Minimum Government Maximum Governance.

2.         To Achieve green Mother Earth and Blue Skies through a pollution-free India.

3.         Making Digital India reach every sector of the economy.

4.         Launching Gaganyan, Chandrayan, other Space and Satellite programs.

5.         Building physical and social infrastructure.

6.         Water, water management, clean rivers.

7.         Blue Economy.

8.         Self-sufficiency and export of food-grains, pulses, oilseeds, fruits and vegetables.

9.         Achieving a healthy society via Ayushman Bharat, well-nourished women & children, the safety of citizens.

10.       Emphasis on MSMEs, Start-ups, defence manufacturing, automobiles, electronics, fabs and batteries, and medical devices under Make in India.

DRDO carries out three successful Nag missile tests in one day in Pokhran

• Moving closer toward the induction of the Nag anti-tank guided missiles into the Army, Defence Research and Development Organisation (DRDO) on Sunday carried out three successful test firings of the missiles in the Pokhran.

• Government sources said the missile is in the final stages of being inducted into the Army which will use it by mounting them on the modified armoured vehicles.

• The Defence Acquisition Council has last year approved the procurement of DRDO’s designed and developed NAG Missile System (NAMIS) at the cost of Rs 524 crore.

• The system includes a third generation Anti-Tank Guided Missile, the NAG, along with the Missile Carrier Vehicle (NAMICA). The NAG missile is a third generation anti-tank guided missile, which has top attack capabilities that can effectively engage and destroy all known enemy tanks during day and night.

• The successful induction of the NAG missile into the Army is expected to give a quantum boost to the Army’s capability against enemy armour.

• The Army and DRDO are supposed to carry out more tests of the missiles on Monday also to further validate the missile’s capabilities.

• Nag was one of the first five strategic missiles planned to be developed under the Integrated Missile Development Programme initiated in the 1980s.The other missiles developed under the project include the Agni, Prithvi and Akash and all three of them have been successfully developed and inducted into the armed forces.

• The Trishul project was shut down after being developed as a technology demonstrator.

India’s first cow sanctuary in Madhya Pradesh to be privatised

• India’s first cow sanctuary, set up by the previous BJP-led Madhya Pradesh government in September 2017, will be privatised by the Congress-led government, an official said.

• Kamdhenu Gau Abhyaranya in Agar Malwa, 190 km north west of Bhopal, was developed by the MP Gau Samvardhan Board by spending about Rs 32 crore. Around 4,000 cows are living in the sanctuary which is spread across 472 hectares. The decision of privatisation is being taken due to financial crises. Soon, the department will issue a notification to invite interested organisations, said a higher officer of the Animal Husbandry department.

• “The issues of poor management and regular deaths of cow in the sanctuary have been raised many times. The government tried to improve the facilities but it was getting hard to manage it. Some renowned NGOs like Akshaypatra showed interest in managing the sanctuary at no profit no loss basis. But we will hand over the sanctuary according to rules,” said the official.

• According to officials in the sanctuary, in last over one year more than 600 cows died due to extreme weather condition. Akshay Patra also runs Jaipur Municipal Corporation’s Hingonia cow shelter in outskirts of the pink city.

INTERNATIONAL:

Deutsche Bank announced its exit from Global Equities and trading Business

• Deutsche Bank, the  German bank, announced that it is to pull out of global equities sales and trading, scale back investment banking. It plans to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years. The decision of the bank will cut down 18,000 jobs for a global headcount of around 74,000 employees by 2022. The move comes after the departure of the chief Garth Ritchie by mutual agreement.

Reason:

• The restructuring plan of the has been estimated with 7.4 billion euros by the end of 2022. Because of this, the German bank may report a net loss of 2.8 billion euros in the second quarter of 2019. On July 25, the bank will release its second quarter results.

• The bank plans to downsize its investment bank, revamp management and cut costs while investing in controls. Also, it expects technology could open the most promising path yet to boosting profitability after years of piecemeal changes that failed to deliver.

AGREEMENTS AND Mou’S:

Indian Army & NeGD signed MOU to develop revamped app

• Indian Army and the National eGovernance Division (NeGD) signed a Memorandum of Understanding (MoU)to develop a revamped application.

They are the part of Ministry of Electronics and Information Technology (MeitY)

They will maintain the centralised database for personnel, equipment and major stores to provide management-related information to Integrated Headquarters of Ministry of Defence (Army).

• Anil Kapoor, Director General of Information Systems and M S Rao, President and Chief Executive Officer (CEO), National E-governance Division signed the MOU in the presence of Shri TP Singh, Director, Bhaskaracharya Institute for Space Applications and Geo-informatics (BISAG). The Management Information Systems Organisation (MISO) of the Indian Army is the nodal agency.

• They are under the Directorate General of Information Systems (DGIS).

The development work started at Bhaskaracharya Institute of Space Applications and Geo-lnformatics (BISAG), Gandhinagar.

SPORTS:

Zhang Shuai first Chinese into Wimbledon last-eight since 2013

• Zhang Shuai on Monday became the first Chinese woman since Li Na in 2013 to reach the Wimbledon quarter-finals.World number 50 Zhang defeated Ukraine teenage Dayana Yastremska 6-4, 1-6, 6-2.

• The 30-year-old will face either 15-year-old Coco Gauff or former world number one Simona Halep for a place in the semi-finals.

• Strycova beats Mertens

Czech veteran Barbora Strycova, who is pondering retirement, marched into the quarter-finals at Wimbledon on Monday beating 21st seed Belgian Elise Mertens 4-6, 7-5, 6-2.

It is the second time the unseeded 33-year-old, who beat fourth-seeded Kiki Bertens in the previous round, has reached the quarter-final stage, the previous occasion in 2014.

Strycova will play either compatriot and two-time Wimbledon champion Petra Kvitova or Britain’s French Open semi-finalist Johanna Konta in Tuesday’s quarter-finals.

U.S. womens national soccer team won the FIFA Womens World Cup 2019

• The U.S. women’s national soccer team (USWNT) won the FIFA Women’s World Cup for a record-extending fourth time on July 7 in Lyon, France.The team defeated the Netherlands and secured 2-0 to win the women’s World Cup.

•  This win is a record-extending fourth time for the U.S. women’s national soccer team.The dignitaries which included FIFA’s president, Gianni Infantino, and France’s president, Emmanuel Macron presented the winners' medal and trophy.

The Head coach of USWNT is Jill Ellis.

The captains of the team are Carli Lloyd, Alex Morgan and  Megan Rapinoe. USWNT won its first World Cup in 1991 in China.

   

 Arinjeeta Dey won a silver medal for India in World Youth Cup 2019

• Karate girl, Arinjeeta Dey (Barasat, West Bengal) won a silver medal under the 12 category in the World Youth Cup 2019 .The competition was held in Umag, Croatia(from July 1 to July 5, 2019). It was organized by World Karate Federation affiliated to the International Olympic Association.

• A total of 35 countries participated in this competition. He won 3 times in national championship junior level category (2017 KAI SUB Junior National gold medalist, 2018 KAI SUB Junior National gold medalist,2019 KAI SUB Junior National Gold and Silver Medalist). She belongs from Barasat in West Bengal. She has been a student of Hanshi Premjit Sen.She is the president of Premjit Sen Martial Art Academy in West Bengal.           

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Important Current Affairs of 7th July

NATIONAL:

Jaipur’s walled city gets UNESCO heritage city tag.

• The ‘Walled City’ of Jaipur was on Saturday included in the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage sites list.

• The announcement was made during the 43rd session of the World Heritage Committee being held in Baku, Azerbaijan, from June 30 to July 10. India received the support of 16 out of the 21 countries participating in the event.

•  Jaipur, Rajasthan’s capital, is the 38th Indian site to be included on the UNESCO World Heritage list.

INTERNATIONAL:

Italian socialist Sassoli to be president of EU Parliament.

• Italian socialist David-Maria Sassoli was elected Wednesday to head the European parliament, completing the bloc’s drawn-out and at times acrimonious appointment process for its top jobs.

• The European Parliament has an array of powers within the EU including given its ascent to the others that EU leaders picked for its top jobs.

About European Parliament:

• The European Parliament is the only parliamentary institution of the European Union that is directly elected by EU citizens aged 18 or older. Together with the European Commission and the Council of the European Union it exercises the tripartite legislative function of the European Union.

FOUNDED: 10 September 1952, Europe

Head Quarter: Brussel, Belgium

About Sassoli:

• Sassoli, 63, is a journalist turned politician who has been in the European Parliament since 2009.

• David Maria Sassoli is an Italian politician and journalist, member of the Democratic Party. A member of the European Parliament since 2009, he was elected its President on 3 July 2019.

• Office: President of the European Parliament since 2019

• Presidential Term: 3 July 2019 –

AGREEMENTS AND MOU’S:

Signing of MOU Between Indian Army and National e-Governance Division.

• Management Information Systems Organisation (MISO) of Indian Army is the nodal agency under Directorate General of Information Systems (DGIS) which is mandated to maintain the centralized database for personnel, equipment and major stores for providing management related information to Integrated HQ of MoD (Army) and other agencies.  The application was legacy and needed a thorough revamp

• To meet the organizational requirements and enhanced user aspirations, rather than employing the conventional developmental framework, DGIS experimented with a new collaborative approach with Ministry of Electronics and Information Technology (MeitY) for developing the new MISO application.  Development work, under the aegis of MeitYstarted at Bhaskaracharya Institute of Space Applications and Geo-Informatics (BISAG), Gandhinagar which is a CMMI-5 level institute under Department of Science & Technology, Government of Gujarat. In a short span of time, the experiment has paid rich dividends and has appeared as the panacea for undertaking automation of the IA at the fast pace.

• To formalize the entire developmental framework, structures & methodology, Lt Gen Anil Kapoor, Director General of Information Systems and Colonel Commandant, Corps of EME and Mr M S Rao, President & CEO, Ne GD inked a MoU on 05 Jul 19, in the presence of Shri TP Singh, Director, BISAG.

• This signing of MoU is first of its kind inter-ministerial initiative between MoD & MeitY and is sure to lead to similar joint frameworks for finding innovative solutions in the collaborative manner for the IA.

APPOINTMENTS AND RESIGNATIONS:

Milind Deora resigns as Mumbai Congress chief.

• Mumbai Congress chief Milind Deora resigned from the post on Sunday. Deora also proposed a three-member panel to lead Mumbai Congress for the upcoming Maharashtra Assembly elections. The 42-year-old had been appointed to the post on March 25 this year. He had replaced Sanjay Nirupam, who had held the post since March 2017.

Jyotiraditya Scindia resigns as Congress general secretary.

• enior Congress leader Jyotiraditya Scindia on Sunday resigned as Congress General Secretary (Uttar Pradesh West) over party's defeat in Lok Sabha elections. Scindia's resignation comes after Rahul Gandhi stepped down as Congress President on July 3.

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Important Current Affairs of 6th July

NATIONAL:

Rajya Sabha passed the Indian Medical Council (Amendment) Bill 2019.

• The Rajya Sabha passed the Indian Medical Council (Amendment) Bill, 2019 on 4 June. The Bill was introduced by Health Minister Harsh Vardhan. It allows for the supersession of the Medical Council of India (MCI) by a Board of Governors for a two-year period from 2018 till 2020. The Bill will also allow for the increase in the number of members in the Board of Governors to 12 from the existing seven. As the Bill has been passed by both Houses, it will replace an ordinance that was promulgated onFebruary21.

The panel of eminent professionals will run the scam-tainted Medical Council of India (MCI) so that medical education can be regulated in the best manner.

The BoG will have eminent people that includes directors of AIIMS and PGI, Chandigarh. The board will prevail until a council is constituted. The medical education can be regulated by the introduction of the BoGs in the best manner.

Tata Steel Kalinganagar included in WEF's Global Lighthouse Network.

• Tata Steel Kalinganagar (TSK) in World Economic Forum's (WEF) Global Lighthouse Network a community of manufacturers showing leadership in applying Fourth Industrial Revolution technologies to drive financial and operational impact.

TSK in Odisha's Jajpur district is the first and the only Indian manufacturing plant to be included in the WEF's Lighthouse Network, it said.

The addition of 10 new factories including TSK to its Global Lighthouse Network carried out.

The factors join a network of 16 existing lighthouses across multiple geographies and industries.

US clears SoftBank's $2.25 billion investment in General Motors-backed Cruise

Amazon's Jeff Bezos finalises divorce with $38 billion settlement.

They serve as beacons to guide others to overcome challenges in upgrading systems and applying cutting-edge technologies such as artificial intelligence, big data analytics and 3D printing.

The factories were selected based on their success in integrating these technologies to increase efficiency and drive innovation.

About Tata Steel

Founded: 25 August 1907, Jamshedpur

Headquarters: Mumbai

CEO: T. V. Narendran

India to sell bonds overseas for 1st time to finance budget deficit.

• The government on Friday said it will sell sovereign bonds overseas for the first time to finance the fiscal deficit. Ex-RBI Governor C Rangarajan opposed the plan saying India will have to bear the exchange-rate risk if it borrows in foreign currency. The government set the fiscal deficit target at 3.3% of GDP for FY20, from 3.4% set in February.

AGREEMENTS AND MOU’S:

Union Cabinet approved the MoU between India and Maldives for the establishment of passenger and cargo services by sea.

• The Union Cabinet approved the MoU between India and Maldives for the establishment of passenger and cargo services by sea. It was signed during the visit of Prime Minister Narendra Modi to Maldives on 8 June 2019.

Aim:

• The Ferry service would help to harness the potential opportunity in both passenger and cargo transportation by sea between the two countries. Ferry services between Maldives and Kerala is connected by Kochi with Male  and Kulhudhuffushi in Maldives by Sea route. Ferry service would contribute in a big way in promoting people to people contact and to boost bilateral trade between two nations.

• India and Maldives relation:

• India is a leading development partner of Maldives and has established many of the leading institutions of Maldives.

• Currently, India has provided $100 million Stand-by Credit Facility (SCF) to Maldives, including long-term loans and revolving credit for trade.

Maldives:

• President: Ibrahim Mohamed Solih          

• Capital: Male

• Currency: Maldivian Rufiyaa

• The Maldives is a tropical nation in the Indian Ocean

• It is composed of 26 ring-shaped atolls, which are made up of more than 1,000 coral islands

• It’s known for its extensive reefs, beaches and blue lagoons.

BANKS AND ECONOMICS:

Punjab & Sind Bank sets up centralised hub 'Cen-MARG' to process retail and MSME loans.

• Punjab & Sind Bank set up a centralized hub named "Centralised MSME & Retail Group" (Cen-MARG) for processing retail and Micro, Small and Medium Enterprises (MSME) loans for better efficiency of branches in business acquisition. It is headquartered in New Delhi.

It will ensure qualitative improvement in credit appraisal, improved turnaround time, uniform documentation, and efficient monitoring.

Cen-MARG linked with pan-India branches of the bank in a phased manner.

The bank is main aim to bring about much-enhanced customer satisfaction through this initiative.

The launch of Cen-MARG and retail credit will be performed at the Cen-MARG,

They will help branches focus better on lead generation for retail lending and MSME and enhanced customer service.

About Punjab & Sind Bank:

Headquarters: New Delhi 

MD & CEO: S Harisankar

Tag line: Where service is a way of life

APPOINTMENTS AND RESIGNATIONS:

BMW's 4-year CEO quits.

• German automaker BMW has announced that Harald Krüger has decided to not seek a second term as the CEO, after serving at the role for about four years. Krüger, a 27-year company veteran, served at the luxury carmaker's board for 10 years. This comes months after BMW posted its weakest quarterly earnings in about a decade for the first quarter.

Mindtree CEO, Chairman, and COO resign days after L&T takeover.

• Mindtree Co-Founders Rostow Ravanan, Krishnakumar Natarajan and NS Parthasarathy have resigned from the mid-sized IT company following the hostile takeover by engineering major Larsen & Toubro (L&T). The three serve as CEO, Executive Chairman, and Executive Vice Chairman and Chief Operating Officer (COO) respectively. All of them have also asked Mindtree to declassify them as promoters.

Rohit 1st batsman in history to smash 5 hundreds in a World Cup.

• India opener Rohit Sharma reached the three-figure mark against Sri Lanka off 92 balls in 2019 World Cup on Saturday to become the first-ever batsman to smash five hundreds in a World Cup. Rohit overtook ex-Sri Lanka captain Kumar Sangakkara, who slammed four hundreds in the 2015 edition. Rohit also equalled Sachin Tendulkar's record for most World Cup hundreds (six).

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