8th July 2021 Current Affairs


GK Update of eighth July 2021 protecting the next information headlines: 2022 girls’s Asian Cup, Humboldt Research Award, War Memorial, Fitch Ratings, Bajaj Allianz General, MandateHQ.

National News

1. Cabinet Reshuffle: 43 leaders take oath as ministers

  • The Union Cabinet led by Prime Minister Narendra Modi has expanded its council of ministers. The names within the cupboard reshuffle embody a number of new entrants in addition to present ministers who can be reassigned.
  • The swearing-in ceremony of 43 Ministers was held on the Rashtrapati Bhavan on July 7, 2021. In complete, 15 Ministers had been inducted into the Union Cabinet and 28 Ministers had been inducted as Ministers of State. This is the primary cupboard reshuffle because the National Democratic Alliance (NDA) retained energy in 2019.
  • The Union Cabinet can have 81 members, as per the rule. There had been 53 ministers in PM Modi’s cupboard however a sequence of them, together with Union Health Minister Harsh Vardhan, resigned hours earlier than the names had been introduced.

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International News

2. Haiti President Jovenel Moise assassinated at his dwelling

  • Haiti President, Jovenel Moise was assassinated and his spouse wounded in an assault at their dwelling, the interim prime minister introduced an act that dangers additional destabilizing the Caribbean nation beset by gang violence and political volatility.
  • The president confronted steep opposition from swathes of the inhabitants that deemed his mandate illegitimate, and he churned by way of a sequence of seven prime ministers in 4 years.
  • Most not too long ago, Joseph was supposed to get replaced this week after solely three months within the submit.

Important takeaways for all aggressive exams:

  • Haiti Capital: Port-au-Prince;
  • Haiti Currency: Haitian gourde;
  • Haiti Continent: North America.

Appointments News

3. N Venudhar Reddy takes cost as Director General of All India Radio

  • N Venudhar Reddy, an Indian Information Service, IIS Officer of 1988 batch took cost as Director General of All India Radio. Currently Working as Principal DG of News Services Division, All India Radio, he was given extra cost of AIR, upon the approval of the Appointments Committee of the cupboard. All India Radio, formally identified since 1957 as Akashvani.
  • Reddy brings with him huge expertise in media planning and administration, administration and newsgathering. He has additionally served in numerous capacities earlier with All India Radio News and Doordarshan News.

Important takeaways for all aggressive exams:

  • All India Radio Founded: 1936;
  • All India Radio Headquarters: Sansad Marg, New Delhi.

4. Indian Army names firing vary after Vidya Balan

  • The Indian Army has named certainly one of its firing ranges in Kashmir after Bollywood actress Vidya Balan. The Vidya Balan firing vary is located at Gulmarg within the Baramulla district of Jammu & Kashmir.
  • The resolution was taken in recognition of her contribution to Indian cinema. Earlier within the 12 months, the actress and her husband Siddharth Roy Kapoor had attended the Gulmarg Winter Festival organised by the Indian Army.

Agreements News

5. Razorpay companions with Mastercard to launch ‘MandateHQ’

  • Razorpay has partnered with Mastercard to launch ‘MandateHQ’. It is a cost interface that can assist card-issuing banks to allow recurring funds for his or her prospects.
  • It should be famous that the Reserve Bank of India had issued a framework for processing e-mandates on recurring on-line transactions. The product by Razorpay is a step on this path.
  • The MandateHQ resolution could be absolutely built-in with any financial institution inside seven days. Razorpay’s Mandate HQ is an API-based plug-n-play resolution that reduces the go-live time for any card issuing financial institution that needs to allow recurring funds for its prospects.
  • MandateHQ may even allow companies, particularly subscription-based companies, to get entry to a wider buyer base, who use debit playing cards, as recurring funds had been principally supported through bank cards beforehand.

Important takeaways for all aggressive exams:

  • Razorpay Founded: 2013;
  • Razorpay CEO: Harshil Mathur (May 2014–);
  • Razorpay Headquarters location: Bengaluru;
  • Mastercard Headquarters: New York, United States.
  • Mastercard President: Michael Miebach.

6. Bajaj Allianz General ties up with Bank of India to supply insurance coverage merchandise

  • Bajaj Allianz General Insurance and Bank of India have entered into a company company settlement for the distribution of Bajaj Allianz General Insurance’s merchandise by way of the financial institution’s community of 5084 branches.
  • As part of this settlement, Bajaj Allianz General Insurance can be providing a bouquet of non-public traces of merchandise reminiscent of motor insurance coverage, medical health insurance, dwelling insurance coverage, journey insurance coverage together with a industrial line of merchandise like engineering insurance coverage, marine insurance coverage to financial institution’s prospects.

Important takeaways for all aggressive exams:

  • Managing Director of Bajaj Allianz: Tapan Singhel; Headquartered: Pune, Maharashtra.
  • BOI Headquarters: Mumbai; MD and Ceo of BOI: Atanu Kumar Das.

Economy News

7. Government contains Retail and Wholesale Trade in MSME sector

  • Ministry of Micro, Small and Medium Enterprises has determined to incorporate Retail and Wholesale commerce as MSMEs however just for the restricted objective of Priority Sector Lending.
  • This signifies that these segments of companies can now take loans beneath the Priority Sector Lending association beneath the MSME class.
  • According to the Retailers Association of India (RAI), this can give retail micro, small and medium enterprises (MSMEs) the help they should survive, revive and thrive.
  • These Retail and Wholesale merchants can now register on Udyam Registration Portal. It is a portal by the Government of India for the registration of MSMEs.

The registration can be allowed beneath three classes:

  • Wholesale and retail commerce and restore of motor automobiles and bikes.
  • Wholesale commerce aside from motor automobiles and bikes.
  • Retail commerce aside from motor automobiles and bikes.

8. Fitch Ratings initiatives India GDP development for FY22 at 10%

  • Fitch Ratings has revised its GDP development projection for India in 2021-22 (FY22) to 10%. Earlier it has projected the identical at 12.8%.
  • The motive for this lower is the gradual restoration post-second wave of COVID-19. Fitch believes that speedy vaccination may help a sustainable revival in enterprise and shopper confidence; nevertheless, with out it, financial restoration would stay weak to additional waves and lockdowns.

Defence News

9. Indian Army Inaugurates War Memorial of Capt Gurjinder Singh Suri

  • On the event of the birthday of Captain Gurjinder Singh Suri, who died throughout the operation “Birsa Munda” in 1999, the Indian Army inaugurated a warfare memorial in reminiscence of Captain in Gulmarg close to the Line of Control (LOC).
  • Lieutenant Colonel (Col), Tej Prakash Singh Suri (Retd), father of Captain Gurjinder Singh Suri, MVC (Posthumous) was additionally current on the event. Gurjinder Singh Suri was later awarded Maha Vir Chakra (Posthumous).
  • Operation Birsa Munda was a punitive raid performed in opposition to a Pakistani submit by a Bihar battalion of the Indian Army, within the month of November 1999.
  • This was the time when Operation Vijay had drawn to a detailed, however the Line of Control was nonetheless lively with sporadic incidents of trans Line of Control violence. In a swift and meticulously deliberate operation, your entire Pakistani submit was destroyed, killing 17 Pakistani troopers.

Awards News

10. Kaushik Basu awarded prestigious Humboldt Research Award

  • Indian economist Kaushik Basu has been awarded the Humboldt Research Award for Economics. The award was conferred on him by Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany.
  • A former chief economist of the World Bank, Basu is at present a professor of Economics at Cornell University. He additionally served because the Government of India’s chief financial advisor from 2009 to 2012. Basu can also be a recipient of the Padma Bhushan, the third-highest civilian award in India.
  • The prestigious award is sponsored by the Alexander von Humboldt Foundation and awarded to as many as 100 recipients every year.
  • The Humboldt Research Award honours scientists and economists from the world over for his or her work. The award entails prize cash of 60,000 euros and a suggestion to hold out analysis initiatives at a scientific establishment in Germany for as much as 12 months.

Sports News

11. Mumbai, Pune to host 2022 girls’s Asian Cup

  • Women’s Asian Cup in India can be held in Mumbai and Pune after the Asian Football Confederation dropped Bhubaneswar and Ahemdabad as venues to minimise the travelling time for contributors and guarantee an “optimum environment” for a bio-secure bubble.
  • The Mumbai Football Arena on the Andheri Sports Complex and the Shiv Chhatrapati Sports Complex in Balewadi, Pune have been chosen as the brand new venues.
  • The resolution was taken after contemplating the present challenges brought on by the COVID-19 pandemic and as a part of efforts to minimise the travelling time for groups and officers between the venues, while guaranteeing the optimum surroundings to implement the biomedical bubble for the good thing about all stakeholders.

Obituaries News

12. Former Himachal Pradesh Chief Minister Virbhadra Singh passes away

  • Senior Congress chief and former Himachal Pradesh Chief Minister, Virbhadra Singh, has handed away. The veteran politician was the 4th and longest-serving Chief Minister of Himachal Pradesh.
  • He served because the Chief Minister of the state six occasions, from April 8, 1983, to March 5, 1990, December 3, 1993, to March 23, 1998, March 6, 2003, to December 29, 2007, after which for the sixth time from December 25, 2012, to December 26, 2017.
  • Apart from this, Singh additionally served as union deputy minister in Tourism and Civil Aviation, Minister of State for Industries, Union Minister of Steel and Union Minister of micro, small & medium enterprises (MSME).

13. Olympic gold-winning hockey legend Keshav Datt passes away

  • Two-time Olympic gold medallist in hockey, Keshav Datt handed away. He was a part of India’s historic feat on the 1948 Olympics the place they beat dwelling group Britain 4-0 on the Wembley Stadium in London to win the primary gold submit Independence.
  • Before the 1948 Olympics, Datt had toured East Africa beneath the management of hockey wizard Major Dhyan Chand in 1947. An integral a part of the Indian group, Datt additionally captained the Mohun Bagan hockey squad from 1951-1953 and once more in 1957-1958.

Miscellaneous News

14. DMRC launches India’s first UPI-based cashless parking

  • Delhi Metro Rail Corporation (DMRC) has launched India’s first FASTag or Unified Payments Interface (UPI)-based parking facility to scale back the time for entry and cost.
  • The facility was launched on the Kashmere Gate metro station. As a part of the Multi-Model Integration (MMI) initiative, devoted Intermediate Public Transport (IPT) lanes for autos, taxis and r-Rickshaws had been additionally inaugurated on the station.

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