Monday 26 July 2021
GK Update of twenty fourth July 2021 overlaying the next information headlines: Tokyo 2020, Ngangom Bala Devi, ARMEX-21, UN Tax Committee, Max Bupa Health Insurance, Aaykar Diwas, UNESCAP.
State News
1. UNESCO: Historic Urban Landscape challenge launched for Gwalior, Orchha
- In the state of Madhya Pradesh, the cities of Orchha and Gwalior have been chosen by UNESCO underneath its ‘Historic Urban Landscape Project.’ This challenge was began within the yr 2011.
- UNESCO’s Historic Urban Landscape challenge for the cities of Orchha and Gwalior was launched by means of video conferencing by the Chief Minister of Madhya Pradesh Shivraj Singh Chouhan.
- Six cities of South Asia, together with the Indian cities of Varanasi and Ajmer, are already concerned on this challenge. Gwalior and Orchha have been included because the seventh and eighth cities of South Asia.
Important takeaways for all aggressive exams:
- Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel.
Appointments News
2. FinMin Joint Secretary Rashmi R Das appointed to UN Tax Committee
- The joint secretary of the Finance Ministry, Rasmi Ranjan Das has been appointed to the UN tax committee as a member for the time period interval 2021 to 2025.
- Das is among the many tax specialists from around the globe who has been appointed as a member of the UN tax committee. She is Joint Secretary – (FT&TR-I), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance.
- Formally often called the UN Committee of Experts on International Cooperation in Tax Matters, this committee helps the nations’ efforts to advance stronger and forward-looking tax insurance policies that are tailored to go well with the realities of a digitalised economic system, globalised commerce and funding and the ever-worsening environmental degradation.
- It assists nations of their efforts to forestall double or a number of taxations in addition to non-taxation, broaden their tax base, strengthen their tax administrations, and curb worldwide tax evasion and avoidance.
Banking News
3. RBI permits loans as much as Rs 5 cr to different banks’ administrators
- Reserve Bank of India (RBI) has overhauled guidelines for extending loans to administrators of different banks and family members of administrators.
- As per the amendments, the central financial institution has allowed banks to increase private loans as much as ₹5 crores to administrators of different banks and administrators’ family members apart from spouses with out board approval. The earlier restrict for such loans was ₹25 lakh.
- The laws apply to administrators, together with the Chairman/Managing Director, of different banks, any agency by which they’re as a associate or guarantor, or any firm by which they maintain substantial curiosity or is as a director or as a guarantor.
- Personal loans consult with loans given to people and encompass shopper credit score, schooling loans, loans given for the creation or enhancement of immovable belongings like homes, and loans given for funding in monetary belongings, similar to shares, debentures, and so on.
Important takeaways for all aggressive exams:
- RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
Business News
4. Max Bupa Health Insurance rebrands itself as Niva Bupa
- The standalone well being insurer Max Bupa Health Insurance has rebranded itself as ‘Niva Bupa Health Insurance.
- This growth comes after the corporate’s promoter, Max India, which owned 51 per cent of the insurer offered its stake to True North in February 2019 for Rs 510 crore.
- With the entry of personal fairness agency True North, it was determined that using the “Max” model will likely be phased out over a interval of two years and changed with an appropriate identify, to create a brand new model identification. Niva Bupa targets to turn into a Rs 2,500 crore firm by FY 2021-22.
Important takeaways for all aggressive exams:
- Max Bupa Health Insurance CEO: Krishnan Ramachandran;
- Max Bupa Health Insurance Headquarters: New Delhi, India;
- Max Bupa Health Insurance Founded: 2008.
Defence News
5. Rajnath Singh flags-in Indian Army’s Skiing Expedition “ARMEX-21”
- Defence Minister Rajnath Singh has flagged within the Indian Army’s snowboarding expedition that was carried out within the Himalayan mountain ranges between March 10 and July 6.
- The expedition, referred to as ARMEX-21, was flagged off at Karakoram Pass in Ladakh on March 10 and culminated at Malari in Uttarakhand on July 6 overlaying 1,660 km in 119 days.
- The ARMEX-21 was carried out within the mountain ranges of the Himalayan area to advertise the journey exercise within the nation and the Indian Army,”.
- During the expedition, the group travelled by means of a number of passes at a top of 5,000-6,500 meters and thru glaciers, valleys and rivers.
Ranks and Reports News
6. India sees vital enchancment in UNESCAP rating
- India has scored 90.32 per cent within the 2021 UN Global Survey on Digital and Sustainable Trade Facilitation. India’s rating was 78.49 per cent in 2019.
- The general rating of India is discovered to be higher than many OECD nations together with France, UK, Canada, Norway, Finland.
- India is the best-performing nation when in comparison with the South and South-West Asia area (63.12%) and the Asia Pacific area (65.85%). The general rating of India is even higher than the common rating of the EU.
Awards News
7. Ngangom Bala Devi named AIFF ‘Women’s Footballer of the Year’ 2020-21
- Indian Women’s National Team Forward, Ngangom Bala Devi has been named because the All India Football Federation (AIFF) Women’s Footballer of the Year 2020-21. Bala at present performs for Rangers Women’s FC in Scotland.
- She made her debut for the group in February 2020 and created historical past as she scored her first aggressive purpose for the facet in December final yr. She is the primary Indian lady footballer to signal knowledgeable contract with an abroad membership in Europe.
- Bala was part of the Manipur U19 group that took half within the Under-19 Women’s Championship in Assam in 2002, the place she was declared the very best participant. She has additionally represented the Manipur Senior Women’s Football Team within the India ladies’s soccer championship.
Science and Technology News
8. IIT-K launches expertise innovation hub to search out cybersecurity for drones
- Indian Institute of Technology, Kanpur (IIT-K) has launched the primary expertise innovation hub to search out cybersecurity options for anti-drones applied sciences, intrusion detection methods, block-chain and cyber-physical methods.
- As many as 13 start-ups and 25 analysis and growth principal investigators had been chosen after a rigorous utility course of.
- The presence of cutting-edge expertise in cybersecurity is accompanied by an rising want to guard digital belongings and deploy options for the widespread public in addition to authorities and trade.
- IIT Kanpur’s C3i hub will deal with safeguarding our on-line world together with vital infrastructure.” The authorities is selling Make-in India cybersecurity options to counter rising threats from neighbouring nations, significantly China.
Sports News
9. Tokyo 2020: Mirabai Chanu wins Silver in weightlifting
- Mirabai Chanu gained the silver medal and have become the primary Indian to win an Olympic medal on the 2020 Tokyo Games within the Women’s 49kg class.
- China’s Zhihui Hou gained the gold medal within the ladies’s 49-kg weightlifting on the Tokyo Olympics, lifting a complete of 210 kg, whereas Indonesia’s Windy Cantika Aisah gained the bronze medal.
- Chanu managed to elevate a complete of 202 kg within the ladies’s 49kg class to turn into the second Indian weightlifter after Karnam Malleswari to win an Olympic medal. A brand new Olympic file was registered by Mirabai Chanu with a profitable elevate of 115kg in clear and jerk.
10. IOA ropes in Adani Group as sponsor for Tokyo Olympics
- The Indian Olympic Association has roped in Adani Group as a sponsor for the Indian contingent on the ongoing Tokyo Games. IOA secretary common Rajiv Mehta, who’s in Tokyo, introduced the event.
- The IOA had earlier entered into sponsorship offers with varied non-public entities, together with dairy big Amul, cellular gaming platform MPL Sports Foundation, JSW Sports amongst others.
- IOA had inked the offers after dropping Chinese sportswear model Li Ning because the Indian group’s official package sponsor for the Tokyo Olympics and stating that the nation’s athletes will put on unbranded attire through the Games.
Important takeaways for all aggressive exams:
- Indian Olympic Association President: Narayana Ramachandran;
- Indian Olympic Association Founded: 1927.
Important Days
11. Aaykar Diwas (Income Tax Day) celebrated by CBDT on July 24
- The Central Board of Direct Taxes (CBDT) noticed the 161st Income Tax Day (also referred to as Aaykar Diwas) on 24 July 2021.
- In India, the Income Tax Day is well known yearly on July 24, because it was on 24 July 1980 that Income Tax was launched for the primary time in India by Sir James Wilson.
- The objective of this tax was to compensate for the losses incurred by the British regime through the first conflict of independence in opposition to British Rule in 1857. July 24 was first celebrated as Income Tax day in 2010.
Important takeaways for all aggressive exams:
- Central Board of Direct Taxes chairman: Jagannath Bidyadhar Mohapatra;
- Central Board of Direct Taxes Established: 1924;
- Central Board of Direct Taxes Headquarters: New Delhi.
Obituaries News
12. India’s oldest pupil Bhageerathi Amma passes away at 107
- Bhageerathi Amma, the oldest lady in India to take the equivalency exams, has handed away resulting from age-related illnesses. She was 107-years-old.
- Amma, who hailed from the Kollam district of Kerala, determined to proceed her schooling on the age of 105.
- Amma had stop formal schooling at school three, when she was 9 years outdated. The centenarian was felicitated with the celebrated Nari Shakti Puraskar by the central authorities for her distinctive contribution in the direction of ladies’s empowerment.
Miscellaneous News
13. World’s first 3D-printed metal bridge opened in Amsterdam
- The world’s first 3D-printed metal bridge was opened to the general public in Amsterdam, Netherlands.
- It was developed by MX3D, a Dutch robotics firm, in collaboration with a consortium of specialists, and represents a serious milestone for 3D-printing expertise.
- After 4 years of growth, the bridge was unveiled by Her Majesty Queen Máxima of the Netherlands. It was put in over one of many oldest canals in Amsterdam’s metropolis centre – the Oudezijds Achterburgwal.
- The 12-metre-long metal construction will likely be a ‘living laboratory’ that may seize and transmit knowledge on its well being in real-time to indicate the way it adjustments over its lifespan.
- The size of the bridge is sort of 40 toes. It is a 6-ton chrome steel construction.
- The good sensor community was designed and put in by a group from The Alan Turing Institute.
Important takeaways for all aggressive exams:
- Netherlands Capital: Amsterdam; Currency: Euro.
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