Friday 16 July 2021
GK Update of fifteenth July 2021 protecting the next information headlines: Grain ATM, Retail Direct Scheme, National AYUSH Mission scheme, Gaganyaan Program, Hindustani Way.
National News
1. Piyush Goyal appointed Leader of House in Rajya Sabha
- Union Minister Piyush Goyal has been appointed because the Leader of the House in Rajya Sabha. His appointment is efficient from July 06, 2021. He will succeed Thawar Chand Gahlot, who has taken cost because the Governor of Karnataka.
- Mr. Goyal, a two-time Rajya Sabha MP, is at the moment the deputy chief of the NDA in addition to the Union Minister within the Cabinet.
- He is serving because the Union Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affairs, Food and Public Distribution. The Leader of the House is liable for organizing authorities conferences and enterprise within the House.
State News
2. India’s first ‘Grain ATM’ open in Gurugram
- The nation’s first ‘Grain ATM’ has been arrange as a pilot venture in Gurugram, Haryana. It is an automated machine, which works similar to a financial institution ATM.
- This machine has been put in below the ‘World Food Programme’ of the United Nations (UN), and is named the ‘Automated, Multi Commodity, Grain Dispensing Machine’.
- This automated machine is provided with the biometric system with a contact display screen, the place the beneficiary must enter the Aadhaar or ration card distinctive quantity.
- On biometric authentication, the foodgrain prescribed by the federal government to the beneficiaries will likely be mechanically crammed within the baggage put in below the machine.
- Three forms of grains — wheat, rice and millet — may be distributed by means of this machine. At current, the distribution of wheat has been began from the ‘Grain ATM’ machine put in at Farrukhnagar.
Important takeaways for all aggressive exams:
- Haryana Capital: Chandigarh;
- Haryana Governor: Bandaru Dattatreya;
- Haryana Chief Minister: Manohar Lal Khattar.
Agreements News
3. Ladakh indicators MoU with Sikkim to show UT natural by 2025
- The union territory of Ladakh natural, the administration of Ladakh, signed a memorandum of understanding (MoU) with the Sikkim State Organic Certification Agency (SOCCA).
- A tripartite MOU has been signed between Ladakh and SSOCA relating to the implementation of Prampragat Krishi Vikas Yojana and Mission Organic Development Initiative (MODI) within the Ladakh area with the purpose to transform Ladakh into natural by 2025.
- The principal goal of this MOU is to get the natural certification after a tie-up with the Government of India.
Important takeaways for all aggressive exams:
- Governors & Administrators of Ladakh: Radha Krishna Mathur.
Banking News
4. RBI Launches ‘Retail Direct Scheme’
- The Reserve Bank of India (RBI) has launched ‘the RBI Retail Direct’ scheme for retail traders, by means of which they’ll straight purchase and promote authorities securities (G-Secs), each major and secondary.
- The bond-buying window was opened to extend retail participation in G-Secs and democratize possession of G-Secs past the managers of pooled assets resembling banks and mutual funds. The date of graduation of the scheme will likely be introduced later.
- The RBI Retail Direct scheme is a one-stop answer to facilitate funding in Government Securities (G-Secs) by particular person traders.
- This devoted bond-buying window is part of RBI’s effort to extend retail participation in authorities securities.
- The scheme additionally supplies the ability to Retail traders (people) to open and keep the ‘Retail Direct Gilt Account’ (RDG Account) with RBI.
- Under this scheme, retail traders are in a position to open and keep their gilt securities account named ‘Retail Direct Gilt Account’ (RDG Account) by means of a ‘With RBI’on-line portal‘.
Important takeaways for all aggressive exams:
- RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
5. RBI cancels licence of Dr Shivajirao Patil Nilangekar Urban Co-operative Bank
- The Reserve Bank of India (RBI) has cancelled the licence of Dr Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd, Nilanga, Latur, because it doesn’t have enough capital and incomes prospects.
- The Maharashtra-based financial institution with its present monetary place can be unable to pay its depositors in full, the central financial institution mentioned whereas asserting the cancellation of its licence. The financial institution ceases to hold on banking enterprise, with impact from the shut of enterprise.
- With the cancellation of its licence, the financial institution has been prohibited from conducting the enterprise of ”banking” that features acceptance of deposits and compensation of deposits with quick impact.
6. RBI imposes restrictions on Mastercard Asia from including new prospects
- The Reserve Bank of India has imposed restrictions on Mastercard Asia/Pacific Private Limited for including new home prospects from twenty second July 2021.
- MasterCard won’t be allowed so as to add prospects, be it for debit, credit score or pre-paid playing cards onto its community because the entity has didn’t adjust to the instructions on Storage of Payment System Data.
- This order won’t affect present Mastercard prospects, RBI requested the corporate to tell all card-issuing banks and non-banks to evolve to those instructions.
- It could also be recalled that RBI had issued a round in April 2018, directing all system suppliers to make sure that all data associated to funds methods operated by them are saved in India. All the corporations got a interval of six months to conform and report compliance to RBI.
Economy News
7. Cabinet approves enhance in DA and Dearness Relief from 17% to twenty-eight%
- The Union Cabinet headed by Prime Minister Narendra Modi has authorized a rise within the Dearness Allowance to Central Government staff and Dearness Relief to pensioners to 28 per cent.
- This hike represents a rise of 11 per cent over the present price of 17 per cent of the essential pay/pension.
- The elevated DA and DR charges will likely be efficient from July 1, 2021.
- It have to be famous that each Dearness allowance and dearness reduction was placed on maintain from January 2020, within the wake of the Covid-19 pandemic.
- As a consequence, the DA and DR instalments are due for 4 intervals together with January 1, 2020, July 1, 2020, January 1, 2021, and July 1, 2021.
- However, the speed of DA/DR for the interval between January 2020 to June 2021 shall stay at 17%.
8. WPI inflation eases to 12.07 per cent in June
- The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and meals objects witnessed some softening in costs.
- However, WPI inflation remained double-digit for the third consecutive month in June, primarily as a result of a low base of final yr.
- WPI inflation was (-) 1.81 per cent, in June 2020. Retail inflation remained above the RBI’s consolation stage of 6 per cent for the second straight month at 6.26 per cent in June.
Business News
9. NTPC to assemble India’s largest solar energy park in Kutch
- NTPC Ltd., India’s largest energy generator is ready to assemble the nation’s single-largest photo voltaic photovoltaic venture at Rann of Kutch area in Khavada, Gujarat.
- The solar energy park can have a capability of 4.75 Gigawatt (Gw)/4750 MW. The venture will likely be constructed by means of NTPC’s renewable power arm, NTPC Renewable Energy (NTPC-REL).
Important takeaways for all aggressive exams:
- NTPC Chairman and Managing Director: Shri Gurdeep Singh;
- NTPC Founded: 1975.
- NTPC Headquarters: New Delhi, India.
Schemes and Committees News
10. Cabinet approves continuation of National AYUSH Mission scheme
- The Union Cabinet chaired by Prime Minister Shri Narendra Modi has authorized the continuation of Centrally Sponsored Scheme ‘National AYUSH Mission (NAM)’ for one more 5 years.
- The scheme will now be carried out from April 01, 2021, to March 31, 2026. The Centre has allotted Rs. 4607.30 crore (Rs 3,000 crore as Central Share and Rs. 1607.30 crore as State Share) for the scheme to be invested over 5 years.
Important takeaways for all aggressive exams:
- Minister of AYUSH: Sarbananda Sonowal.
Ranks and Reports News
11. The State of Food Security and Nutrition within the World 2021 Report
- The annual UN-FAO report titled “The State of Food Security and Nutrition in the World 2021” states that between 720 and 811 million individuals on the planet confronted starvation in 2020, which is round 161 million greater than in 2019.
- The report was collectively produced by the UN Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD), the UN Children’s Fund (UNICEF), the World Food Programme (WFP) and the World Health Organization (WHO).
Science and Technology News
12. ISRO efficiently conducts third check on Vikas Engine for Gaganyaan Program
- The Indian Space Research Organisation (ISRO) has efficiently performed the third long-duration sizzling check of the liquid propellant Vikas Engine for the core L110 liquid stage of the human-rated GSLV Mk III automobile, as a part of the engine qualification necessities for the Gaganyaan Programme.
- The engine was fired for a length of 240 seconds on the engine check facility of ISRO Propulsion Complex (IPRC), Mahendragiri in Tamil Nadu. The efficiency of the engine met the check targets and the engine parameters had been intently matching with the predictions throughout all the length of the check.
Sports News
13. AR Rahman launch Tokyo Olympics cheer music “Hindustani Way”
- Singer Ananya Birla has teamed up with music maestro AR Rahman to launch a cheer music for Indian sports activities personalities as they gear up for Tokyo Olympics.
- Titled “Hindustani Way”, the music has been sung by Ananya and composed by Rahman. Minister of Information and Broadcasting, Anurag Thakur additionally current within the launch of the music.
Books and Authors
14. M. Venkaih Naidu receives ebook entitled ‘Urdu Poets and Writers – Gems of Deccan’
- Vice President M. Venkaih Naidu has acquired a ebook entitled ‘Urdu Poets and Writers – Gems of Deccan’ authored by senior journalist, J.S. Ifthekhar. Mr Naidu recommended the writer for the ebook which traces the wealthy literary and cultural traditions of the Deccan.
- The ebook is an anthology of prose and poetry that encapsulates the life and works of 51 excellent poets and writers of the Deccan area.
- The ebook traces the wealthy literary and cultural traditions of Deccan, proper from the time of Muhammad Quli Qutb Shah, the founding father of Hyderabad, to the current occasions.
Important Days
15. World Youth Skills Day celebrated on 15 July
- United Nations celebrates World Youth Skills Day globally on 15 July yearly. The day is well known as a possibility for younger individuals, technical and vocational schooling and coaching (TVET) establishments, and private and non-private sector stakeholders to acknowledge in addition to have a good time the significance of equipping younger individuals with abilities for employment, first rate work and entrepreneurship.
- The theme of World Youth Skills Day 2020 is “Reimagining Youth Skills Post-Pandemic”.
- In 2014, the United Nations General Assembly declared 15 July as World Youth Skills Day, to have a good time the strategic significance of equipping younger individuals with abilities for employment, first rate work and entrepreneurship.
Tag : #Read #Daily #Current #Affairs #Bank #Exam