2nd July 2021 Current Affairs


GK Update of 02nd July 2021 overlaying the next information headlines: Digital India, YSR Bima, State Bank of India, ‘Salaam Dil Sey, World Sports Journalists Day, World UFO Day.

National News

1. Digital India accomplished six years

  • Digital India initiative has accomplished its six years on 1 July 2021. Digital India is a authorities’s flagship scheme to rework India right into a digitally empowered society and data economic system.
  • It was launched by Prime Minister Narendra Modi on 1 July 2015. In the previous 6 years, the federal government has launched many digital initiatives like Direct Benet Transfer, Common Services Centres, DigiLocker and mobile-based UMANG providers.
  • With the assistance of Aadhaar, Government has supplied digital identification to 129 crore folks of India. Jandhan financial institution Accounts, cellphones, and Aadhaar (JAM) helped the federal government in offering advantages of the totally different schemes by means of digital platforms.

State News

2. Andhra CM launches ‘YSR Bima’ scheme

  • Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched the ‘YSR Bima’ scheme with new tips, the place the federal government itself will straight pay the insurance coverage quantity to the household of the deceased to make the insurance coverage claims simpler.
  • In order to help 1.32 lakh households by means of the YSR Bima scheme, the State authorities allotted Rs 750 crores for the 12 months 2021-22. In the final two years, the State authorities had spent Rs 1307 crore for YSR Bima.

Important takeaways for all aggressive exams:

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

3. Researchers found Black-bellied Coral snake in forests of Uttarakhand

  • Researchers have found Black-bellied Coral snakes within the forests of Uttarakhand for the primary time in historical past. The snake is expounded to the Elapidae household and Sinomicrurus genus. Its scientic identify is S. nigriventer.
  • It was discovered within the Bhadraj Block of Benog Wildlife Sanctuary (BWS) within the Mussoorie Forest Division. There are at the moment 107 species of coral snakes on the earth. In India, solely seven coral snake species are discovered.
  • As per the report of the Ministry of Health & Family Welfare on the administration of snakebite, there are greater than 2000 species of snakes on the earth. About 300 of those species are present in India, of which 52 are venomous.
  • India’s venomous snakes belong to 3 households ‘Elapidae’, ‘Viperidae’ and Hydrophidae’ (sea snakes).

Important takeaways for all aggressive exams:

  • Chief Minister of Uttarakhand: Tirath Singh Rawat;
  • Governor of Uttarakhand: Baby Rani Maurya.

International News

4. World Bank expands Coronavirus Vaccine Funding to $20 billion

  • The World Bank has introduced further funding of $8 billion for Covid-19 vaccines, for creating international locations. With this, the overall financing out there for the Covid-19 vaccine reaches $20 billion.
  • Earlier the World Bank had introduced $12 billion for a similar. This funding will likely be used over the following 18 months until 2022 finish.
  • World Bank Group President David Malpass has additionally known as on international locations with surplus doses to launch it to be used by creating international locations and requested vaccine producers to prioritise the out there doses for such creating international locations that urgently want them.
  • Further, the Bank additionally supplied over $4 billion for the acquisition and deployment of Covid vaccines for 51 creating international locations, half of that are in Africa.

Banking News

5. State Bank of India celebrates 66th Foundation Day

  • The oldest business financial institution within the nation, State Bank of India, SBI, is celebrating its 66th 12 months on 1st July. SBI descends from the Bank of Calcutta based in 1806 by means of the Imperial Bank of India.
  • The Bank of Madras merged into the opposite two presidency banks, the financial institution of Calcutta and the financial institution of Bombay to kind the Imperial Bank of India which in flip turned the State Bank of India on this present day in 1955.

Important takeaways for all aggressive exams:

  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • SBI Founded: 1 July 1955.

6. HDFC Bank launches ‘Salaam Dil Sey’ initiative

  • HDFC Bank launched a SalaamDilSey initiative to indicate gratitude to medical doctors for his or her tireless service through the pandemic, to pay tribute to medical doctors throughout the nation.
  • SalaamDilSey encourages every person to take a second to acknowledge and have a good time the contribution of medical doctors and supplies a platform to indicate their gratitude to medical doctors, who’re bravely preventing the pandemic, on the threat of their very own lives.
  • As a part of this initiative, the financial institution has created an online platform www.salaamdilsey.com whereby most of the people can logon on to the microsite and share the thanks message for medical doctors which might be instantly shared by way of e-mail, social media, and WhatsApp.

Important takeaways for all aggressive exams:

  • Headquarters of HDFC Bank: Mumbai, Maharashtra;
  • MD and CEO of HDFC Bank: Sashidhar Jagdishan;
  • The tagline of HDFC Bank: We perceive your world.

7. ICICI Bank launches ‘Salute Doctors’, banking resolution for medical doctors

  • ICICI Bank has launched India’s most complete banking options for medical medical doctors.
  • Titled as ‘Salute Doctors’, the answer provides custom-made banking in addition to value-added providers for each physician, starting from a medical scholar to a senior medical marketing consultant to an proprietor of a hospital or a clinic.
  • The options, are principally digital and on the spot, designed to cater to the skilled, enterprise, life-style and wealth banking necessities of medical doctors and their households. The initiative is powered by ICICI STACK, a digital banking platform with almost 500 providers that helps prospects of the Bank to avail the providers digitally and seamlessly.

Important takeaways for all aggressive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Business News

8. India data present account surplus of 0.9% in FY21

  • According to the info launched by the Reserve Bank of India, India reported a present account surplus of 0.9% of GDP in FY 21. In FY 20 there was a present account deficit of 0.9%.
  • The purpose for the Current Account Surplus in FY21 is a pointy contraction within the commerce deficit to US$ 102.2 billion from US$ 157.5 billion in 2019-20. India has seen a Current account surplus for the primary time in 17 years. 

Current Account Surplus/Deficit is the distinction between Export and Import.

  • Current Account Surplus implies that Export from India was greater than Import into India.
  • Current Account Deficit implies that Import into India was greater than Export from India.

9. Flipkart launches Shopsy to allow over 25 mn on-line entrepreneurs

  • Flipkart has launched Shopsy, an app that may allow Indians to begin their on-line companies with none funding. Flipkart goals to allow over 25 million on-line entrepreneurs by 2023 with the assistance of Shopsy.
  • Users of Shopsy will be capable of share catalogues of a wide array of 15 crore merchandise provided by Flipkart sellers.
  • These customers can share catalogues with potential prospects by way of in style social media and messaging apps, place orders on their behalf and earn commissions on the transactions. These vary throughout trend, magnificence, mobiles, electronics and residential, with potential prospects by way of in style social media and messaging apps.
  • Shopsy’s goal is to energy e-commerce for communities and third-party channels the place these customers spend time/belief.

Important takeaways for all aggressive exams:

  • Flipkart headquarters: Bengaluru, Karnataka.
  • Flipkart CEO: Kalyan Krishnamurthy.

Defence News

10. Rafael unveils Sea Breaker AI missile with 300 km vary

  • Israeli defence electronics firm Rafael Advanced Defense Systems has unveiled Sea Breaker, a fifth technology long-range, autonomous, precision-guided missile system, which might exactly goal sea and land targets as much as a variety of 300 kilometres.
  • Sea Breaker options a complicated imaging infra-red seeker, which might have interaction stationary or transferring targets in a various vary of land and marine environments.
  • Sea Breaker might be launched from naval platforms, various in dimension, and from quick assault missile boats to corvettes and frigates.
  • The land model is a central a part of the shore defence, primarily based on Rafael’s extremely cell SPYDER launchers. The battery structure helps standalone launchers, or operation as an built-in resolution, with a command and management unit (CCU) and varied sensors, primarily based on buyer necessities.

Important takeaways for all aggressive exams:

  • Israel Prime minister: Naftali Bennett;
  • Israel Capital: Jerusalem; Currency: Israeli Shekel.

11. Indian Navy warship carried out navy drill with South Korean vessel

  • Indian Navy warship carried out navy drill with South Korean vessel within the East China Sea. The Navy partnership train is geared toward enhancing interoperability and facilitating the trade of greatest practices with companion navies within the maritime area.
  • Indian Navy’s indigenous ASW Corvette INS Kiltan undertook the train with Republic of Korea’s Ship ROKS Gyeongnam, a Daegu-class frigate, on June 28.

Important takeaways for all aggressive exams:

  • Chief of Naval Staff: Admiral Karambir Singh.
  • Indian Navy Founded: 26 January 1950.

12. India’s 1 indigenous drone defence dome ‘Indrajaal’ developed by Grene Robotics

  • India’s 1st indigenous drone defence dome ‘Indrajaal’ has been developed by Hyderabad-based Grene Robotics.
  • As per the corporate, the drone defence dome – ‘Indrajaal’ is able to autonomously defending an space of 1000-2000 sq km towards aerial threats. It protects the world by assessing and appearing on aerial threats akin to Unmanned Aerial Vehicles (UAVs), and Low- Radar Cross Section (RCS) targets.
  • The firm stated that cutting-edge applied sciences akin to UAVs, Smart Swarms, and so forth. have been for the primary time utilized in India to drop explosives subsequent to the Mi-17 hangar at Jammu Air Base.

Salient options of India’s 1st indigenous drone defence dome – ‘Indrajaal’

  • Real-time situational consciousness;
  • Integrated and Intelligent meshed community;
  • Synergic mixture of 9-10 applied sciences;
  • 24×7 persistent and autonomous monitoring, motion and monitoring.

Economy News

13. Government retains rates of interest on Small Savings Schemes unchanged for Q-2

  • The authorities of India has introduced that the speed of curiosity on Small Savings Schemes for the second quarter (July-Sept) of 2021-22 will stay unchanged because the final quarter (April-June) of 2021-2022. It should be famous that the Government notifies the Interest charges for small financial savings schemes on a quarterly foundation.

Various Interest Rates for Quarter-2 (July-Sept) of 2021-22 are listed under:

Sl. No.Small Savings SchemeInterest Rate
1.Post Office Savings Account4%
2.5-Year Post Office Recurring Deposit (RD) Account5.8%
3.Post Office Time Deposit (TD) Account – One Year5.5%
4.Post Office Time Deposit Account (TD) – Two Years5.5%
5.Post Office Time Deposit Account (TD) – Three Years5.5%
6.Post Office Time Deposit Account (TD) – Five Years6.7%
7.Post Office Monthly Income Scheme Account (MIS)6.6%
8.Senior Citizen Savings Scheme (SCSS)7.4%
9.15-Year Public Provident Fund Account (PPF)7.1%
10.National Savings Certificates (NSC)6.8%
11.Kisan Vikas Patra (KVP)6.9%
12.Sukanya Samriddhi Account7.6%

Important Days

14. World Sports Journalists Day: 02 July

  • World Sports Journalists Day is noticed globally on 2nd July yearly. The day goals to acknowledge the work of sports activities journalists & to encourage them to do higher at their work. Sports journalists assist tens of millions of individuals on the earth to obtain data on varied sports activities.
  • This skilled has helped within the improvement of many sorts of video games all around the world. These journalists have their associations to keep up their requirements of their occupation. It was discovered all around the world and united by the International Sports Press Association.
  • World Sports Journalist Day was established by the International Sports Press Association (AIPS) in 1994 to mark the seventieth anniversary of the muse of the group. AIPS was fashioned on July 2 of 1924, through the Summer Olympics in Paris.

Important takeaways for all aggressive exams:

  • AIPS of Headquarters: Lausanne, Switzerland.
  • AIPS of  President: Gianni Merlo.

15. World UFO Day: 02 July

  • The World UFO Day (WUD) is held on July 2 yearly globally. It is a day devoted to the existence of Unidentified Flying Objects (UFO) by the World UFO Day Organization (WUFODO).
  • WUD goals to boost consciousness concerning the existence of UFOs and inspiring folks to consider the potential for us not being alone within the Universe. Initially, the day was noticed on June 24. Later, WUFODO established on July 2 to commemorate the day.

Obituaries News

16. Former India footballer Prasannan passes away

  • Former Indian footballer M Prasannan has handed away. A gifted midfielder of the Seventies, he shared the dressing room with stalwarts of Indian soccer like Inder Singh and Doraiswamy Natraj.
  • He performed for Kerala, Maharashtra, and Goa in Santosh Trophy National Football Championship.

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