4th & 5th July 2021 Current Affairs


GK Update of 4th and fifth July 2021 masking the next information headlines: Lokayukta, Sirisha Bandla, Austrian Grand Prix, Mithali Raj, Karsten Warholm, Indian Space Research Organisation, Investment Promotion Agency 2021 award. 

Appointments News

1. Satish Agnihotri take expenses as MD of NHSRCL

  • Satish Agnihotri has taken over cost as Managing Director, National High-Speed Rail Corporation Ltd. He comes with greater than 20 years of expertise within the implementation of mega rail infrastructure tasks.
  • He has labored as Chairman & Managing Director, Rail Vikas Nigam Limited (RVNL), a schedule ‘A’ CPSE below the Ministry of Railways for near 9 years. During his tenure as CMD/RVNL, RVNL accomplished 7000 km of undertaking size together with 3000 km doubling/third line, 880 km conversion of metre gauge monitor to broad gauge, 3000 km railway electrification, 85 km new line, 6 factories and plenty of essential bridges.
  • A 7 km lengthy tunnel was additionally accomplished in a file time of 25 months in a brand new line undertaking in Andhra Pradesh.

2. KN Bhattacharjee appointed new Lokayukta in Tripura

  • Veteran advocate Kalyan Narayan Bhattacharjee has been appointed as the brand new Lokayukta in Tripura. He has been appointed to the put up for 3 years w.e.f. July 1.
  • The Lokayukta Act has been in pressure in Tripura since 2008 and in 2012, the primary Lokayukta was appointed in Tripura.
  • Bhattacharjee is the third Lokayukta within the state and the primary to carry the put up as a lawyer. Former Gujarat & Guwahati HC decide Pradeep Kumar Sarkar was 1st Lokayukta in Tripura.

Important takeaways for all aggressive exams:

  • Chief Minister of Tripura: Biplab Kumar Deb; Governor: Ramesh Bais.

Banking News

3. Indian Overseas Bank turns into the second most-valued public lender

  • Indian Overseas Bank (IOB) has change into the second most-valued listed public sector financial institution (PSB) with a market capitalisation of over Rs 50,000 crore. As Street reductions privatisation of the state-owned lender, its shares have appreciated practically 80 per cent on the BSE previously one month.
  • IOB stood with an m-cap of Rs 51,887 crore, pushing PNB (Rs 46,411 crore) and BOB (Rs 44,112 crore) to 3rd and fourth place, respectively, as per information accessible on BSE.
  • In the previous month, the market value of IOB has zoomed 57 per cent, as in comparison with a 4 per cent decline in PNB and a 5 per cent acquire in BOB share value. The financial institution plans to come back out of the Prompt Corrective Action (PCA) framework by specializing in restoration, low-cost deposits, and fewer capital consuming advances.

Important takeaways for all aggressive exams:

  • Indian Overseas Bank Headquarters: Chennai;
  • Indian Overseas Bank CEO: Partha Pratim Sengupta;
  • Indian Overseas Bank Founder: M. Ct. M. Chidambaram Chettyar;
  • Indian Overseas Bank Founded: 10 February 1937, Chennai.

4. RBI imposes Rs 25 lakh penalty on Punjab & Sind Bank

  • The Reserve Bank of India imposed a penalty of Rs 25 lakh on Punjab and Sind Bank for non-compliance with sure provisions of instructions on ‘Cyber Security Framework in Banks.
  • The state-owned financial institution had reported just a few cyber incidents to the RBI on May 16 and 20, 2020, the central financial institution mentioned whereas giving particulars. Accordingly, the central financial institution had issued a show-cause discover to the financial institution asking it why a penalty shouldn’t be imposed for non-compliance with the instructions issued by RBI.
  • This penalty has been imposed within the train of powers vested in RBI below the provisions of part 47 A (1) (c) learn with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949.

Important takeaways for all aggressive exams:

  • Punjab and Sind Bank Founder: Vir Singh;
  • Punjab and Sind Bank Founded: 24 June 1908;
  • MD & CEO of  Punjab and Sind Bank: S Krishnan.

5. Axis Bank tie-up with AWS for powering digital banking providers

  • Axis Bank has inked a multi-year cope with Amazon Web Services (AWS) to energy the digital transformation programme of the nation’s third-largest non-public sector financial institution.
  • As a part of the settlement, Axis Bank with assist of AWS will construct a portfolio of recent digital monetary providers to convey superior banking experiences to prospects, together with on-line accounts that may be opened in 6 min & prompt digital cost.
  • This will assist the financial institution improve buyer satisfaction by 35 per cent and decrease prices by 24 per cent.
  • To date, Axis Bank has deployed over 25 mission-critical purposes on AWS, together with a Buy Now Pay Later product and a brand new mortgage administration system to assist it, Account Aggregator, Video-Know Your Customer (V-KYC), and WhatsApp Banking.

Important takeaways for all aggressive exams:

  • Axis Bank Headquarters: Mumbai;
  • Axis Bank Founded: 1993;
  • Axis Bank MD and CEO of Axis Bank: Amitabh Chaudhry.

Defence News

6. Indian Army chief to inaugurate battle memorial for Indian troopers in Italy

  • Indian Army chief General MM Naravane will embark on an official go to to the United Kingdom (UK) and Italy, throughout which he might be assembly his counterparts and the senior navy management of those nations.
  • The spotlight of the go to might be Gen Naravane’s inauguration of the Indian Army Memorial within the well-known city of Cassino, Italy. In the Battle of Monte Cassino throughout World War II, over 5,000 Indian troopers laid down their lives whereas preventing to save lots of Italy from fascist forces.
  • Nearly 50,000 Indians have been enlisted for Italy’s liberation between September 1943 and April 1945. Both the UK and Italy are essential companions for India within the fields of defence, healthcare, aerospace, training, clear expertise, renewable power and knowledge and communication expertise amongst others.

Awards News

7. Invest India received essentially the most revolutionary Investment Promotion Agency 2021 award

  • Invest India has been awarded the world’s most revolutionary Investment Promotion Agency 2021 by OCO Global. OCO Global is a number one authority on international funding and gives a variety of financial improvement providers, merchandise, and distinctive firm evaluation instruments.
  • Invest India, arrange in 2009, is a non-profit enterprise below the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

Science and Technology News

8. ISRO provides nod to parliamentary panel to implement satellite tv for pc TV lecture rooms

  • Indian Space Research Organisation (ISRO) has given its nod to the Parliamentary Standing Committee on Education to supply technical help for satellite tv for pc TV lecture rooms within the nation to bridge the educational hole as a consequence of COVID-induced lockdown.
  • ISRO scientists have appeared earlier than the Parliamentary Standing Committee for Education and made an in depth presentation concerning the proposed satellite tv for pc TV classroom for college students.

Important takeaways for all aggressive exams:

  • ISRO Chairman: K.Sivan.
  • ISRO Headquarters: Bengaluru, Karnataka.
  • ISRO established: 15 August 1969.

9. Indian-American Sirisha Bandla set to fly into area

  • India-origin girl Sirisha Bandla will journey to the sting of the area aboard ‘VSS Unity’ of Virgin Galactic, which is scheduled to fly off on July 11 from New Mexico. This is critical as she would be the third girl of Indian origin to go to area after Kalpana Chawla and Sunita Williams.
  • Bandla, the vice-president of presidency affairs at Virgin Galactic in Washington DC, will journey alongside his boss and the group’s founder, billionaire Richard Branson and 4 others within the firm’s spaceflight.

Sports News

10. Norway’s Karsten Warholm breaks males’s 400 metres hurdles world file

  • Karsten Warholm, a 25-year-old athlete from Norway, broke the long-standing world file within the 400m hurdles throughout the Bislett Games. Earlier the file was held by American hurdler Kevin Young for 29 years.
  • His mark of 46.78 seconds was set on the 1992 Olympics in Barcelona, Spain, which was lastly damaged with an official time of 46.70 seconds by Warholm.

11. Mithali Raj surpasses Edwards to change into highest run-getter

  • India captain Mithali Raj grew to become the highest run-getter in ladies’s cricket throughout codecs, overtaking former England skipper Charlotte Edwards. Mithali grew to become the world’s most prolific batter in ladies’s internationals, overtaking Edwards’ 10,273 runs.
  • Suzie Bates of New Zealand is third with 7849 runs. Stafanie Taylor (7832) and Meg Lanning (7024) spherical up the highest 5.
  • Mithali achieved the feat throughout the third and remaining inconsequential ODI towards hosts England whereas chasing 220 for a comfort win.
  • In 2020, Raj was named to the ICC’s ODI crew of the last decade, a becoming honour for her consistency within the sport. She can be essentially the most capped participant within the historical past of the ladies’s recreation, having featured in 11 Tests, 216 ODIs and 89 Twenty20 Internationals to this point.

12. Max Verstappen wins Formula 1’s Austrian Grand Prix 2021

  • Red Bull’s Max Verstappen received the Austrian Grand Prix on the Red Bull Ring, the ninth race of the 2021 Formula 1 World Championship season.
  • Verstappen received the race forward of Mercedes-AMG’s Valtteri Bottas and McLaren’s Lando Norris.
  • Lewis Hamilton – Bottas’ teammate and Verstappen’s challenger for the 2021 Drivers’ championship – got here house in fourth place.

Books and Authors

13. “Lady Doctors: The Untold Stories of India’s First Women in Medicine” by Kavitha Rao

  • A guide titled “Lady Doctors: The Untold Stories of India’s First Women in Medicine” has authored by Kavitha Rao. This guide recovers the tales of India’s first ladies medical doctors, typically ignored by historical past.
  • In this excerpt from Kavitha Rao’s ‘Lady Doctors: The Untold Stories of India’s First Women in Medicine, the story of Rukhmabai Raut.
  • Rukhmabai was an Indian doctor and feminist. She is greatest recognized for being one of many first practising ladies medical doctors in colonial India in addition to being concerned in a landmark authorized case involving her marriage as a toddler bride between 1884 and 1888.

Miscellaneous News

14. J&K ends 149-year-old darbar transfer custom

  • The LG Manoj Sinha formally put an finish to a 149-year-old biannual custom of shifting workplaces between summer time capital Srinagar and winter capital Jammu. The administration served discover to staff to vacate the ‘Darbar Move’ associated lodging in three weeks in Jammu and Srinagar.
  • Administration cancelled the residential lodging of “darbar move” staff in Jammu and Srinagar, implying the workers will stay stationed in both Jammu or Kashmir.
  • Dogra monarch Maharaja Gulab Singh is believed to have began the custom of shifting the capital in 1872. The custom was continued after 1947 by J&K’s political class, because it acted as a serious bridge and an area for interplay between two numerous linguistic and cultural teams of Kashmir and Jammu areas.

Important takeaways for all aggressive exams:

  • Lieutenant Governor of Jammu and Kashmir: Manoj Sinha.

15. GoI extends superannuation age of LIC chairman to as much as 62 years

  • The authorities has prolonged the superannuation age of IPO-bound LIC Chairman, M R Kumar, to as much as 62 years by making amendments to the Life Insurance Corporation of India (Staff) Regulations, 1960.
  • The modifications made within the guidelines might be referred to as the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, in accordance with a authorities notification dated June 30, 2021. It is to be famous that the retirement age for the highest executives of the vast majority of PSUs is 60 years, barring just a few exceptions, together with the State Bank of India (SBI).

Important takeaways for all aggressive exams:

  • LIC Headquarters: Mumbai;
  • LIC Founded: 1 September 1956.

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