NATIONAL

Manipur enters India’s railway map as first passenger train reaches the state

•A passenger train Rajdhani Express from Assam’s Silchar railway station has reached the Vaingaichunpao railway station in Manipur for a trial run, putting the state on the Indian Railways map. The train covered the distance of 11 km between the two northeastern stations, with railway officials onboard.

•The train halted briefly at Manipur’s Jiribam railway station, where railway officials were greeted by local citizens before the national flag was hoisted accompanied by the national anthem. Notably, the Vaingaichunpao-Imphal (capital of Manipur) railway line is also under construction. Once completed, it will be the longest railway tunnel near Imphal.

Karnataka will be develop 46 Kempegowda heritage sites in Bengaluru

•The Karnataka state government has decided to develop 46 Kempegowda heritage sites located in Bengaluru Urban, Bengaluru Rural, Ramanagara, Chikballapura, and Tumakuru districts, in a bid to promote tourism. According to Chief Minister B S Yediyurappa, the sites identified to be in three circuits would be developed at a cost of Rs 223 crore for promoting tourism.

•According to the Authority, these sites are developed to help people acknowledge the contribution of Kempegowda or Nada Prabhu Kempegowda, the founding father of Bengaluru.

National Film Archive of India adds Aamir Khan’s ‘PK’ to its collection

•National Film Archive of India (NFAI) has announced a significant addition of the original camera negative of Rajkumar Hirani’s 2014 film ‘PK’ in its collection.

•The filmmaker handed the negatives over to Director NFAI, Prakash Magdum, in Mumbai. The National Film Archive of India was established as a media unit of the Ministry of Information and Broadcasting in 1964.

SPORTS

International Cricket Council released Manu Sawhney as CEO

•The International Cricket Council (ICC) has discontinued the services of Manu Sawhney as the Chief Executive Officer (CEO) with immediate effect. The decision was taken by the ICC Board during its meeting. Geoff Allardice will continue as Acting CEO supported by the Leadership Team working closely with the ICC Board.

•Sawhney was suspended in March following various allegations in an internal review conducted by an external agency. While Sawhney had referred to the review as a witch-hunt, the ICC Board on Thursday decided to sever ties with the sports management veteran.

APPOINTMENTS AND RESIGNATIONS

Shyam Srinivasan reappointed as MD & CEO of Federal Bank

•Federal Bank shareholders have approved the motion to re-appoint Shyam Srinivasan as the Managing Director and Chief Executive Officer of the lender for a period of three years. His reappointment will come into effect from September 23, 2021, to September 22, 2024. Srinivasan took over as Federal Bank MD & CEO in 2010 and has been at the helm since then.

•Srinivasan is among the few foreign bankers who chose to move to smaller Indian banks after fairly long, successful stints in foreign banks (the others include RBL Bank’s Vishwavir Ahuja and DCB Bank’s Murali Natrajan). Over the last decade, Srinivasan has been at the helm of Federal, the bank has transformed into a mid-sized private bank with a strong focus on retail business, including gold loans and funding small and medium entrepreneurs.

BOOKS AND AUTHORS

Book “The Pregnancy Bible” by Kareena Kapoor

•Kareena Kapoor Khan has announced her new book titled Kareena Kapoor Khan’s Pregnancy Bible. The actor has also called it her ‘third child. She shared her experience while writing the book.

•She was seen wearing a red slip dress as she kept her hair loose parting it in the middle. She was seen bare feet standing near the kitchen countertop.

BANKING AND ECONOMY

RBI imposed monetary penalty on 14 banks for non-compliance

•The RBI has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other lenders for contravention of various regulatory norms, including on lending to NBFCs. The penalty imposed on the 14 banks totals Rs 14.5 crore, with a maximum Rs 2 crore fine on Bank of Baroda.

•The central bank imposed Rs 2 crore penalty on the Bank of Baroda, Rs 1 crore each on 12 other banks and Rs 50 lakh on the State Bank of India. RBI imposed Rs 1 crore penalty each on Bandhan Bank, Bank of Maharashtra, Central Bank of India, Credit Suisse AG, Indian Bank, IndusInd Bank, Karnataka Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank, The Jammu & Kashmir Bank and Utkarsh Small Finance Bank.

Axis Bank and Max Bupa Health Insurance enter into a partnership

•Max Bupa Health Insurance, a standalone health insurer, has entered into a bancassurance partnership with Axis Bank, the country’s third-largest private sector bank. This partnership will help provide comprehensive health insurance solutions to Axis Bank’s employees and customers. The tie-up will enable millions of Axis Bank customers across 4,500 plus branches to gain access to quality healthcare solutions through a range of health insurance products offered by Max Bupa.

•Max Bupa Health Insurance will offer indemnity as well as fixed benefit products, and their customisable variants to the diverse customers of the bank across the country. Axis Bank also has an existing health insurance tie-up with Aditya Birla Health Insurance. Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products to the bank’s customers.

NATIONAL

BDL signs Rs 499-crore deal with the Ministry of Defence

•The Bharat Dynamics Limited (BDL) has signed a contract with the Ministry of Defence for the manufacture and supply of Akash missiles to the Indian Air Force (IAF). The total worth of the deal is around Rs 499 crore. CMD, BDL Commodore Siddharth Mishra (Retd) stated that BDL is supplying Akash Missiles to the Indian Army and Indian Air Force. With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for Export, the Company is exploring offering Akash for export to foreign countries.

•BDL has already received export leads from some countries expressing interest in procuring the Missile. The Company has a well-established infrastructure and expertise to execute these orders and meet the customer delivery schedule.

Kerala government planned to have its own OTT platform

•Kerala government has proposed to have its own over-the-top (OTT) platform. The state government has planned to launch it by November 1. The State government’s proposed foray into the online content streaming space with the launch of an over-the-top (OTT) platform is a cultural intervention, rather than something prompted by the market or revenues.

•OTT players like Netflix and Amazon have been showing more interest in Malayalam cinema. But they are mostly limited to films from which they can get revenue.

•In the last one year, less than 15 Malayalam films, featuring big stars, have been taken up these platforms.

INS Tabar conducts military exercise with Italian Navy

•Indian Naval Ship (INS) Tabar recently participated in military exercises with the frontline frigate of the Italian Navy. INS Tabar joined Italian Navy and entered Port of Naples on July 3 as part of the ongoing deployment in the Mediterranean. Commanding officer Captain Mahesh Mangipudi called on senior officers of Prefect of Naples Authority, regional Italian navy headquarters and coast guard headquarters during the stay.

•This exercise covered several naval operations such as air defence procedures, communication drills, replenishment at sea, and cross deck helo operations by day and night. The exercise was mutually beneficial for enhancing interoperability and consolidating combined operations against maritime threats.

Government of India sets up 25-member development council for cement industry

•The central government has set up a 25-member development council for the cement industry under Dalmia Bharat Group CMD, Puneet Dalmia. The council will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote standardization of products.

•Dalmia is the chairman of the council. Its members include Shree Cement Ltd MD HM Bangur, The India Cements Ltd Executive President Rakesh Singh; Birla Corporation Limited CEO Pracheta Majumdar; J.K. Cement Ltd Deputy Managing Director Madhavkrishna Singhania, and JSW Cement Ltd CEO Nilesh Narwekar.

IMPORTANT DAYS

National Fish Farmers’ Day 2021: 10 July

•National Fish Farmers’ Day is celebrated every year on 10 July, by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying in association with the National Fisheries Development Board (NFDB). The event aims to draw attention to changing the way the country manages fisheries resources to ensure sustainable stocks and healthy ecosystems. This day is made to honour the fish farmers, aquapreneurs, fisherfolks, stakeholders and whoever else is associated in the fishery for their contribution in the fishery.

•The day is commemorated annually in remembrance of scientists Dr K H Alikunhi and Dr H.L. Chaudhury who had invented induced breeding technology of Indian major carps on 10 July 1957. 2021 will mark 21st National Fish Farmers’ Day.

AWARDS AND RECOGNITION

Zaila Avant-garde Wins 2021 Scripps National Spelling Bee

•Zaila Avant-garde, an African-American, from New Orleans in Louisiana, has won the 2021 Scripps National Spelling Bee. The 14-year-old Avant-garde, who is also an accomplished basketball player, is the first African-American contestant to win the prestigious competition in its 93 years history. The 8th-grader Avant-garde correctly spelt “Murraya”, a genus of tropical Asiatic and Australian trees having pinnate leaves and flowers, to win a USD 50,000 prize.

•Zaila is also the first Black contestant to win since Jody-Anne Maxwell of Jamaica in 1998. 12-year-old Indian-origin Chaitra Thummala, from San Francisco and 13-year-old Indian-origin Bhavana Madini, from New York, won second and third place respectively.

RANKING

NewsOnAir Radio Live-stream Global Rankings

•NewsOnAir Radio Live-stream Global Rankings was released recently ranking countries where All India Radio (AIR) live-streams on the NewsOnAir app are most popular. In the latest Rankings of top countries in the world (excluding India) where All India Radio Live-streams on NewsOnAir App are most popular, Fiji has jumped from 5th position to 2nd, while Saudi Arabia has made a comeback in the top 10. Kuwait and Germany are new entrants, while France and New Zealand are no more in the top 10. The United States continues to be number 1.

NewsOnAir Top 10 Countries -

BOOKS AND AUTHORS

Book titled “The Light of Asia” by Jairam Ramesh is a biography the Buddha

•A new book titled “The Light of Asia” authored by Jairam Ramesh is a biography of an epic bio-poem on the Buddha.

•Ramesh, the author, Member of Parliament, former Union Minister, and Congress leader, digs deep in his new book to bring out the fascinating story behind the epic 1879 poem, “The Light of Asia” by Sir Edwin Arnold, that took the world by storm and in some ways, brought the Buddha’s story to the world at the turn of the last century.

BANKING AND ECONOMY

Axis Bank signs MOU with Indian Army

•The country’s third-largest private lender Axis Bank has signed MOU with the Indian Army offering a defence service salary package under its “Power Salute” initiative. The Defence service salary package will offer different benefits to all ranks of army officers. The benefits of the MoU will cover both serving Defence personnel as well Defence pensioners.

•According to the bank, it will offer–Personal accidental cover of up to Rs.56 lakh to all army personnel; additional up to 8 lakh education grant; total Permanent Disability Cover benefit up to 46 lakh; permanent partial disability cover of up to Rs.46 lakh; air accident cover of Rs.1 crore, and free additional debit card for a family member.

INTERNATIONAL

Jovenel Moise President of Haiti assassinated at his home

•Haiti President, Jovenel Moise was assassinated and his wife wounded in an attack at their home, the interim prime minister announced an act that risks further destabilizing the Caribbean nation beset by gang violence and political volatility. The president faced steep opposition from swathes of the population that deemed his mandate illegitimate, and he churned through a series of seven prime ministers in four years. Most recently, Joseph was supposed to be replaced this week after only three months in the post.

•Moise, a former entrepreneur who set up a string of businesses in the north of the country, where he hails from, burst onto the political stage in 2017 with a message of re-building the impoverished nation. He campaigned on populist pledges, as all candidates in Haiti do, but he kept up the rhetoric even after he was elected in February 2017.

New Guinness World Record: tallest sandcastle constructed in Denmark

•A sandcastle in Denmark has entered into new Guinness World Record for being the tallest sandcastle in the world. The triangular-shaped sandcastle has been built in the town of Blokhus in Denmark. It stands at a height of 21.16 metres (69.4 feet). This new structure is 3.5m taller than the previous record held by sandcastle measuring 17.66 m in Germany in 2019. Dutch creator, Wilfred Stijger, was assisted by 30 of the world’s best sand sculptors.

•The structure is built in the shape of a triangle to avoid collapsing like many others have. A wooden structure was built around it to allow the artist to carve the incredible figures in the sand. This highly decorated monument in the small seaside village of Blokhus, which is reminiscent of a pyramid, is made up of 4,860 tonnes of sand. To ensure the sand sticks on, it was mixed with around 10% clay.

NATIONAL

Ministry of Defence implemented SPARSH System

•Ministry of Defence has implemented SPARSH (System for Pension Administration Raksha), an integrated system for automation of sanction and disbursement of defence pension. This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners without relying on any external intermediary. A Pensioner Portal is available for pensioners to view their pension-related information, access services and register complaints for redressal of grievances, if any, relating to their pension matters.

•SPARSH envisages the establishment of Service Centres to provide last-mile connectivity to pensioners who may be unable to directly access the SPARSH portal for any reason. In addition to several offices of the Defence Accounts Department, which are already functioning as Service Centres for pensioners, the two largest banks dealing with defence pensioners – State Bank of India (SBI) and Punjab National Bank (PNB) – have been co-opted as Service Centres.

India’s first movable freshwater tunnel aquarium installed at Bengaluru Station

•Krantivira Sangolli Rayanna Railway Station also known as Bengaluru City Railway Station has become the first railway station in India with a movable freshwater tunnel aquarium. The state-of-the-art aquarium has been jointly opened by the Indian Railway Stations Development Cooperation Limited (IRSDC) in collaboration with the HNi Aquatic Kingdom.

•The Aquatic Kingdom aquarium is based on the concept of the Amazon River and is 12-feet long. The entrance of the station now gives a glimpse into marine life, with a beautiful dolphin humbly greeting visitors with a slight bow and a smile. A 3D selfie area, 20 feet of glass periphery are also some attractive features of the new facility.

Dept of Public Enterprises brought under Finance Ministry

•The Government of India has decided to bring Department of Public Enterprises (DPE) under the finance ministry. DPE was earlier under the Ministry of Heavy Industries and Public Enterprises. It has been brought under the finance minister in a bid to ease coordination regarding future disinvestment plans. The Finance ministry now comprises six departments, after the inclusion of DPE.

Amazon launches its first Digital Kendra in Gujarat

•Amazon has launched its first Digital Kendra in India in Surat, Gujarat. Amazon Digital Kendra was inaugurated by Vijay Rupani, Chief Minister of Gujarat. Digital Kendras of Amazon are centres that will provide micro small and medium enterprises (MSMEs) the opportunity to learn about the benefits of e-commerce.

•MSMEs can visit the Amazon Digital Kendra and avail of third party services including training on the benefits of eCommerce, GST and taxation support, shipping and logistics support, cataloguing assistance and digital marketing services.

•The company has focused on enabling sellers to reach customers across India and globally, and has made significant investments in technology, logistics, delivery infrastructure and digitising payments that collectively helped more customers and businesses to come online.

SPORTS

Mumbai, Pune will be host 2022 women’s Asian Cup

•Women’s Asian Cup in India will be held in Mumbai and Pune after the Asian Football Confederation dropped Bhubaneswar and Ahemdabad as venues to minimise the travelling time for participants and ensure an “optimum environment” for a bio-secure bubble. The Mumbai Football Arena at the Andheri Sports Complex and the Shiv Chhatrapati Sports Complex in Balewadi, Pune have been chosen as the new venues.

•The decision was taken after considering the existing challenges caused by the COVID-19 pandemic and as part of efforts to minimise the travelling time for teams and officials between the venues, whilst ensuring the optimum environment to implement the biomedical bubble for the benefit of all stakeholders.

APPOINTMENTS AND RESIGNATIONS

Indian Army names firing range after Bollywood actress Vidya Balan

•The Indian Army has named one of its firing ranges in Kashmir after Bollywood actress Vidya Balan. The Vidya Balan firing range is situated at Gulmarg in the Baramulla district of Jammu & Kashmir.

•The decision was taken in recognition of her contribution to Indian cinema. Earlier in the year, the actress and her husband Siddharth Roy Kapoor had attended the Gulmarg Winter Festival organised by the Indian Army.

AWARDS AND RECOGNITION

Kaushik Basu has been awarded the Humboldt Research Award for Economics

•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 currently a professor of Economics at Cornell University. He also served as the Government of India’s chief economic advisor from 2009 to 2012. Basu is also 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 each year.

•The Humboldt Research Award honours scientists and economists from across the world for their work. The award entails prize money of 60,000 euros and an offer to carry out research projects at a scientific institution in Germany for up to 12 months.

BANKING AND ECONOMY

DMRC launched 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 reduce the time for entry and payment. The facility was launched at the Kashmere Gate metro station. As part of the Multi-Model Integration (MMI) initiative, dedicated Intermediate Public Transport (IPT) lanes for autos, taxis and r-Rickshaws were also inaugurated at the station.

•The facility can accommodate 55 four-wheelers and 174 two-wheelers. The entry and exit and payment of 4-wheelers can be done through the FASTag.

•The parking fee will be deducted through FASTag, which will reduce the time for entry and payment. Only the vehicles with FASTag will be allowed to park in this facility.

Facebook Launched newsletter platform “Bulletin”

•Facebook has announced a set of publishing and subscription tools named Bulletin, aimed to promote independent writers in the US. The bulletin will include support focused on the creation of content, monetisation and audience growth. It also aims to integrate its existing tools to support writing and audio content — from podcasts to Live Audio Rooms in one place.

•Facebook is pushing to compete in the fast-growing email newsletter trend, as high-profile journalists and writers have left media companies over the past year to strike out on their own.

INTERNATIONAL

Jim Whitehurst resigns as IBM president

•Jim Whitehurst has announced he is stepping down as the president of IBM. Whitehurst’s resignation is being seen as one of the several management moves IBM announced.

•The 53-year-old’s exit led to shares of the technological giant falling 4.8 per cent to $139.83, the most in five months. Whitehurst was appointed as IBM’s president last year. This was the first time in decades that the corporation split up the designation of a chief executive officer (CEO) and president.

NATIONAL

Tourism Ministry signs MoU with Yatra to strengthen hospitality, tourism industry

•The tourism ministry signed a Memorandum of Understanding (MoU) with Yatra to strengthen and enable the tourism and hospitality industry. The event was organised under an arrangement between the Ministry of Tourism and the Quality Council of India (QCI), where the MoU for the Tourism Ministry Yatra tie-up was signed.

•While the MoU is meant to mainly strengthen tourism, it also takes into consideration and provides support for accommodation units.

•The MoU outlines that both parties signing the document would participate in encourage the accommodation units to self-certify themselves on the System for Assessment, Awareness & Training for the Hospitality Industry (SAATHI) on the Online Travel Agency Platform (OTA).

•Earlier this year, the Ministry of Tourism had also signed an MoU with ClearTrip and Ease My Trip. There has been an ongoing effort by the ministry to strengthen the tourism sector in India while extending support to accommodation units.

Government of India launched Mobile app ‘Matsya Setu’ for Indian aqua farmers

•Union Minister for Fisheries, Animal Husbandry and Dairying, Giriraj Singh has launched the Online Course Mobile App “Matsya Setu”. The app was developed by the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar, with the funding support of the National Fisheries Development Board (NFDB), Hyderabad. The online course app aims to disseminate the latest freshwater aquaculture technologies to the aqua farmers of the country.

•Matsya Setu app has species-wise/ subject-wise self-learning online course modules, where renowned aquaculture experts explain the basic concepts and practical demonstrations on breeding, seed production and grow-out culture of commercially important fishes like carp, catfish, scampi, murrel, ornamental fish, pearl farming etc.

•Better Management Practices to be followed in maintaining the soil & water quality, feeding and health management in aquaculture operations were also provided in the course platform.

Government created ministry of cooperation to boost cooperative movement

•The government has created a Ministry of Cooperation to boost the Indian cooperative movement and give a fillip to the indigenous enterprises. India’s first minister of cooperation will also be sworn in once the Union Cabinet reshuffle takes place and the new ministers take the oath of office at the Durbar Hall in President House. The new ministry of Cooperation will work to realise the vision of “Sahkar se Samriddhi” and will provide a separate administrative, legal and policy framework to boost the cooperative movement in the country.

•The development will aid the deeping of the cooperatives as true people-based movements with benefits going down to the grassroots. The ministry will be mandated to streamline the processes for the ease of doing business for cooperatives and ultimately aim to broaden and strengthen the multi-state cooperatives.

Prime Minister Narendra Modi expanded its council of ministers

•The Union Cabinet led by Prime Minister Narendra Modi has expanded its council of ministers. The names in the cabinet reshuffle include several new entrants as well as existing ministers who will be reassigned. The swearing-in ceremony of 43 Ministers was held at the Rashtrapati Bhavan on July 7, 2021. In total, 15 Ministers were inducted into the Union Cabinet and 28 Ministers were inducted as Ministers of State. This is the first cabinet reshuffle since the National Democratic Alliance (NDA) retained power in 2019.

•The Union Cabinet can have 81 members, as per the rule. There were 53 ministers in PM Modi’s cabinet but a series of them, including Union Health Minister Harsh Vardhan, resigned hours before the names were announced.

•PM Modi will continue to head the following – Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; All important policy issues; and All other portfolios not allocated to any Minister

Government includes Retail and Wholesale Trade in MSME sector

•Ministry of Micro, Small and Medium Enterprises has decided to include Retail and Wholesale trade as MSMEs but only for the limited purpose of Priority Sector Lending. This means that these segments of businesses can now take loans under the Priority Sector Lending arrangement under the MSME category. According to the Retailers Association of India (RAI), this will give retail micro, small and medium enterprises (MSMEs) the support they need to survive, revive and thrive.

•These Retail and Wholesale traders can now register on Udyam Registration Portal. It is a portal by the Government of India for the registration of MSMEs.

SPORTS

Jaipur to get India’s second largest cricket stadium

•The Board of Control for Cricket in India (BCCI) released a financial grant of Rs 100 crore to the Rajasthan Cricket Association (RCA), which will be used to build India’s second-largest cricket stadium. The facility, which will be second to the recently inaugurated Narendra Modi Stadium in Ahmedabad, is set to be built in Jaipur. The construction of the new stadium is likely to be completed within 24-30 months from commencement.

•Meanwhile, an amount of Rs 290 crores has been estimated to be spent on the construction of the second-largest cricket stadium in India. This amount will be sourced from; Rs 100 crore from the bank loan, Rs 100 crore from BCCI grant, Rs 90 crore from RCS funds, sale of boxes, seats & sponsorship. The proposed stadium will have a spectator capacity of 75,000.

IMPORTANT DAYS

World Chocolate Day celebrated 2021 : 7th  July

•World Chocolate Day or International Chocolate Day is observed on 7th July every year. The day celebrates the existence of chocolate in our lives. It is marked by eating chocolates and sharing with dear ones. The day is an annual global celebration of chocolate, which allows people to gorge and indulge, hopefully guilt-free, in it. On this day, chocolate lovers from all over relish eating different kinds of chocolate or create several dishes with it like cakes, pastries, sinful and gooey brownies, hot chocolate or chocolate mousse, without any guilt.

•World Chocolate Day was first celebrated in the year 2009. However, some even believe that people started marking July 7 as International Chocolate Day because it was the day when chocolate was first introduced to Europe in 1550.

SUMMITS AND MOU’S

Razorpay partners with Mastercard to launched ‘MandateHQ’

•Razorpay has partnered with Mastercard to launch ‘MandateHQ’. It is a payment interface that will help card-issuing banks to enable recurring payments for their customers. It must be noted that the Reserve Bank of India had issued a framework for processing e-mandates on recurring online transactions. The product by Razorpay is a step in this direction.

•The MandateHQ solution can be fully integrated with any bank within seven days. Razorpay’s Mandate HQ is an API-based plug-n-play solution that reduces the go-live time for any card issuing bank that wishes to enable recurring payments for its customers. MandateHQ will also enable businesses, especially subscription-based businesses, to get access to a wider customer base, who use debit cards, as recurring payments were mostly supported via credit cards previously.

AWARDS AND RECOGNITION

Korean Air wins Air Transport World’s Airline of the Year Award

•Korean Air has been announced the winner of one of the most prestigious honours in the aviation industry: Air Transport World’s (ATW) 2021 Airline of the Year. This year’s award is even more meaningful to Korean Air, as the global industry has been suffering from the unprecedented crisis caused by COVID-19.

•The company’s excellent leadership, its ability to remain operationally profitable through the industry’s worst-ever crisis, its strong commitment to health safety customer service excellence, and its remarkable relationship with employees.” The judges also noted the airline’s “transformational strategic deal to incorporate Asiana and create a larger, more global flagship carrier. Korean Air plans to continue to strengthen its position in the global aviation industry and aims to become one of the world’s top 10 airlines after successfully acquiring and integrating Asiana Airlines.

BANKING AND ECONOMY

Paytm launched ‘Postpaid Mini’ to provide small-ticket instant loans

•Paytm has announced the launch of Postpaid Mini, small-ticket loans that will give users the flexibility to access loans ranging from Rs 250 – Rs 1,000, in partnership with Aditya Birla Finance Ltd. The product is an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit. These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic.

•Paytm Postpaid is offering a period of up to 30 days for repayment of loans at 0 per cent interest.

•There are no annual fees or activation charges, only a minimal convenience fee. With the launch of Postpaid Mini, the company will offer access to loans ranging from Rs 250 to Rs 1000, in addition to Paytm Postpaid’s instant credit of up to Rs 60,000.

•This could help users pay for their monthly expenses, including mobile and direct to home (DTH) recharges, gas cylinder booking, electricity and water bills, shop on Paytm Mall and more.

NATIONAL

Union Minister for Road Transport Nitin Gadkari becomes “Brand Ambassador” of Khadi Prakritk Paint

•The Union Minister for Road Transport and Highways & MSME, Nitin Gadkari, virtually inaugurated India’s first and only paint made from cow dung, under the brand name ‘Khadi Prakritk Paint’. In addition to this, the minister also declared himself as the “Brand Ambassador” of paint, to promote it across the country and encourage young entrepreneurs to take up the manufacturing of cow dung paint.

•The Khadi Prakritk Paint automated manufacturing plant has been set up on the campus of Kumarappa National Handmade Paper Institute (KNHPI), Jaipur, which is a unit of Khadi and Village Industries Commission (KVIC).

Central Government formed a nine-member panel for the development of ONDC

•The Central Government has formed a nine-member panel for the development of an Open Network for Digital Commerce (ONDC), designed to curb digital monopolies. This ONDC project is initiated by the Department of Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry and will be implemented by the Quality Council of India (QCI).

•The nine-member committee of ONDC will advise the Government of India on measures needed to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers, among other things.

KVIC has launched project ‘BOLD’

•KVIC (Khadi and Village Industries Commission) has launched Project BOLD (Bamboo Oasis on Lands in Draught), a first-of-its-kind exercise, to create bamboo-based green patches in arid and semi-arid land zones. It is the first of its kind exercise in India which was launched from the tribal village Nichla Mandwa in Udaipur, Rajasthan. Under the project, 5000 saplings of special bamboo species i.e. Bambusa Tulda and Bambusa Polymorpha have been planted over 16 acres approx. of vacant arid Gram Panchayat land.

•Bamboo grows very fast and can be harvested within 3 years.

•These are a group of woody perennial evergreen plants. Although it appears like a tree, taxonomically, it is grass. In India, North-eastern states grow around 70% of the country’s total bamboo production.

SPORTS

Mary Kom, Manpreet Singh will be India’s flag-bearers at Tokyo Olympics

•MC Mary Kom, the six-time world boxing champion, and Manpreet Singh, the men’s hockey team skipper, will be India’s flag-bearers at the opening ceremony of the Tokyo Olympics, announced Indian Olympic Association (IOA). Bajrang Punia, a silver medallist at the 2018 World Wrestling Championships, will be the flag-bearer at the closing ceremony on August 8.

•In a first, India is having two flag-bearers — one male and one female — at the upcoming Tokyo Games to ensure “gender parity”. The IOA has communicated the decision in this regard to the Organising Committee of the Games.

England’s James Anderson claims 1000th first-class wicket

•Veteran England fast bowler James Anderson has added another feather to his cap as he completed 1000 wickets in first-class cricket. Anderson achieved the rare feat during Lancashire’s County Championship clash against Kent in Manchester. Anderson is the leading wicket-taker among pacers in Test cricket. In 162 Tests, the England great has claimed 617 wickets at an average of 26.67 with 30 five-fors and three 10-wicket match hauls.

•Anderson is only the 14th player to claim 1,000 first-class wickets this century and only the fifth among pacers. Andy Caddick, Martin Bicknell, Devon Malcolm and Wasim Akram were the other pace bowlers to cross the 1000-wicket landmark before Anderson.

WAKO India Kickboxing Federation gets Government recognition

•The Ministry of Youth Affairs & Sports has decided to grant recognition to WAKO India Kickboxing Federation as National Sports Federation (NSF) for promotion and development of the Kickboxing sport in India. To be fully included and accepted in the Olympic movement is important for the recognition and development of the sport of kickboxing.

•It is expected that with government recognition of WAKO India Kickboxing Federation as NSF, the sport of kickboxing will develop at a faster pace in the country. WAKO have been a provisionally recognized member of the IOC Since 30 November 2018. The full recognition of WAKO will be finally decided by the IOC Session in Tokyo in July 2021.

OBITUARY

Legendary Bollywood actor Mohammed Yusuf Khan, known professionally as Dilip Kumar passes away

•Legendary Bollywood actor Mohammed Yusuf Khan, known professionally as Dilip Kumar passed away at 98. He was popularly known as the tragedy king of Bollywood. He was last seen in the 1998 film Qila. He was the first actor to win the Filmfare Award for Best Actor in 1954 and won it a total of 8 times. He and Shah Rukh Khan jointly hold the record for most Filmfare trophies.

•Dilip Kumar was born on 11 December 1922, the Qissa Khawani Bazaar area of Peshawar (present-day Pakistan) to Ayesha Begum and Lala Ghulam Sarwar Khan.

•He debuted in films with 1944’s Jwar Bhata, but the film and his work did not garner much attention. It was with 1947’s Jugnu, also starring Noor Jehan, that he clinched his first box office hit.

•He was honoured with the Dadasaheb Phalke Award in 1994 and Padma Vibhushan in 2015.

Ace filmmaker Richard Donner, best known for helming the original ‘Superman’ passes away

•Ace filmmaker Richard Donner, best known for helming the original ‘Superman’ film, ‘Lethal Weapon’ film series and ‘The Goonies’, has passed away. The 91-year-old filmmaker was at the forefront of some of the most popular genres in the history of mainstream cinema: the superhero movie, the horror flick, the buddy cop romps.

•The legend got his first big directing break with the 1976 cult classic horror film ‘The Omen’, which solidified his foothold in the industry and led to his next major studio film, ‘Superman’ (also the original) that paved the path for countless other flicks, including ‘Goonies’, and all of the ‘Lethal Weapon’ movie series, starring Mel Gibson and Danny Glover.

APPOINTMENTS AND RESIGNATIONS

Indian-American Neha Parikh appointed as CEO of crowd-sourced navigation app ‘Waze’

•Indian-American, Neha Parikh, has been appointed as the CEO of Waze, a crowd-sourced GPS navigation app and a subsidiary of tech giant Google. The 41-year-old Neha replaces Noam Bardin, who stepped down as the CEO in November 2020, after leading the Israeli company for 12 years.

•The Waze app can give out directions in 56 different languages. The app was founded in Israel in 2008. It was acquired by Google in 2013 for around USD 1.1 billion (110 crores).

BOOKS AND AUTHORS

Book ‘The Fourth Lion: Essays for Gopalkrishna Gandhi’ authored by Venu Madhav Govindu and Srinath Raghavan

•A book titled ‘The Fourth Lion: Essays for Gopalkrishna Gandhi’ authored by Venu Madhav Govindu and Srinath Raghavan. The book consists of twenty-six essays contributed by individuals drawn from various walks of life and from across the globe.

•Gopalkrishna Gandhi has been an administrator, diplomat, author, and public intellectual of distinction for over four decades. His writings have spanned diverse genres, showcasing both his deep scholarship as well as a profound engagement with issues of politics, history, literature, and culture.

BANKING AND ECONOMY

GST collection dips below Rs 1 lakh crore in June 2021

•GST collection dipped below Rs 1 lakh crore in June after staying above that mark for eight consecutive months. Centre mopped up Rs 92,849 crore GST for the month of June of which CGST is Rs 16,424 crore, SGST is Rs 20,397 crore, IGST is Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods.

•With eased relaxations following improvement in the overall Covid-19 situation in the country, the government expects GST revenues to rise from July 2021 onwards.

INTERNATIONAL

Sirisha Bandla the Indian-American woman set to fly into space

•India-origin woman Sirisha Bandla will travel to the edge of the space aboard ‘VSS Unity’ of Virgin Galactic, which is scheduled to fly off on July 11 from New Mexico. This is significant as she will be the third woman of Indian origin to go to space after Kalpana Chawla and Sunita Williams.

•Bandla, the vice-president of government affairs at Virgin Galactic in Washington DC, will travel alongside his boss and the group’s founder, billionaire Richard Branson and four others in the company’s spaceflight.

•Bandla will take care of the researcher experience of the Unity22 mission. The 34-year-old hails from Guntur, Andhra Pradesh in India.

NATIONAL

PM Narendra Modi inaugurated the CoWin Global Conclave

•The Prime Minister of India Narendra Modi inaugurated and addressed the CoWin Global Conclave, virtually. The global meet was participated by representatives from 142 countries. The Conclave was jointly organized by the Ministry of Health & Family Welfare (MoHFW), Ministry of External Affairs (MEA) and National Health Authority (NHA) with an objective to extend the Co-WIN platform as a digital public good to the world.

•India has offered its indigenously developed cloud-based CoWIN platform to be made open-source so that it is available to any and all countries.

•The CoWin Global Conclave served as a platform to share India’s learnings and experiences with regards to planning, strategizing and executing the world’s largest vaccination drive through Co-WIN.

52nd  International Film Festival of India to be held in November 2021 in Goa

•The 52nd edition of the International Film Festival of India (IFFI) will be held in Goa from 20th -28th November 2021. The regulations and poster for the 52nd IFFI were released by Hon’ble Minister of Information and Broadcasting Shri Prakash Javadekar.

•On the occasion of the birth centenary of the maestro of Indian cinema Shri Satyajit Ray, the “Satyajit Ray Lifetime Achievement Award for Excellence in Cinema” has been instituted from this year to be given at the IFFI every year starting from this year.

SPORTS

Red Bull’s M. Verstappen wins Formula 1’s Austrian Grand Prix 2021

•Red Bull’s Max Verstappen won the Austrian Grand Prix at the Red Bull Ring, the ninth race of the 2021 Formula 1 World Championship season.

•Verstappen won the race ahead of Mercedes-AMG’s Valtteri Bottas and McLaren’s Lando Norris. Lewis Hamilton – Bottas’ teammate and Verstappen’s challenger for the 2021 Drivers’ championship – came home in fourth place.

IMPORTANT DAYS

World Zoonoses Day 2021: 6 July

•World Zoonoses Day is held every year on July 6 to raise awareness of the risk of zoonotic diseases. Zoonoses are infectious diseases (virus, bacteria and parasites) that can spread from animals to humans, and vice versa, either with direct contact with animals or indirectly, vector-borne or food-borne. It was on July 6, 1885, when Louis Pasteur successfully administered the first vaccine against Rabies virus, which is a zoonotic disease.

•World Zoonoses day observed after Louis Pasteur, a French biologist successfully administered the first vaccine against Rabies virus, which is a zoonotic disease. We remembered this day every day to raise awareness against Zoonotic disease.

SUMMITS AND MOU’S

Flipkart partners with PhonePe to digitise cash-on-delivery payment

•Digital payments platform PhonePe has partnered with Flipkart to launch a contactless ‘Scan and Pay’ feature for Flipkart’s pay-on-delivery orders. Using PhonePe’s QR code solution, the Flipkart customers who earlier opted for cash on delivery can pay digitally through any UPI app at the time of delivery.

•While on one hand, the new feature will help in reducing personal contact as well as ensure safety, on the other hand, it will drive contactless payments for customers who are traditionally more comfortable with cash on delivery.

BOOKS AND AUTHORS

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

•A book titled “Lady Doctors: The Untold Stories of India’s First Women in Medicine” has authored by Kavitha Rao. This book recovers the stories of India’s first women doctors, often ignored by history. 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 physician and feminist. She is best known for being one of the first practising women doctors in colonial India as well as being involved in a landmark legal case involving her marriage as a child bride between 1884 and 1888.

BANKING AND ECONOMY

RBI announced change in Government securities auction methodology

•The Reserve Bank of India has announced a change in Government securities auction methodology for benchmark securities. They noted in the latest update that on a review of market conditions and market borrowing program of the government, it has been decided that benchmark securities of tenor 2-year, 3-year, 5-year, 10-year, 14-year tenor and Floating Rate Bonds (FRBs) will be, henceforth, issued using the uniform price auction method.

•For other benchmark securities i.e. 30-year and 40-year, the auction will continue to be multiple price-based auctions, as hitherto. The above arrangement will continue till further review, note the bank.

•In a Uniform Price auction, all the successful bidders are required to pay for the allotted quantity of securities at the same rate, i.e., at the auction cut-off rate, irrespective of the rate quoted by them.

•In a Multiple Price auction, the successful bidders are required to pay for the allotted quantity of securities at the respective price/yield at which they have bid.

INTERNATIONAL

ISRO gives nod to parliamentary panel to implement satellite TV classrooms

•Indian Space Research Organisation (ISRO) has given its nod to the Parliamentary Standing Committee on Education to provide technical assistance for satellite TV classrooms in the country to bridge the learning gap due to C-19-induced lockdown. ISRO scientists have appeared before the Parliamentary Standing Committee for Education and made a detailed presentation about the proposed satellite TV classroom for students.

•Vinay Sahastrabuddhe-led parliamentary panel had earlier sought help from ISRO scientists to provide technical assistants to start satellite TV classrooms for students who reported a learning gap in the school syllabus due to the C-19 pandemic. The Committee explored satellite TV classrooms that will broadcast school-based educational programs and students can take advantage of it in cluster classrooms and the issue of smartphone and data connectivity can be resolved, especially in the rural areas.

Indian Army chief to inaugurate war memorial for Indian soldiers in Italy

•Indian Army chief General MM Naravane will embark on an official visit to the United Kingdom (UK) and Italy, during which he will be meeting his counterparts and the senior military leadership of these countries. The highlight of the visit will be Gen Naravane’s inauguration of the Indian Army Memorial in the famous town of Cassino, Italy. In the Battle of Monte Cassino during World War II, over 5,000 Indian soldiers laid down their lives while fighting to save Italy from fascist forces.

•Nearly 50,000 Indians were enlisted for Italy’s liberation between September 1943 and April 1945. Both the UK and Italy are important partners for India in the fields of defence, healthcare, aerospace, education, clean technology, renewable energy and information and communication technology among others.

NATIONAL

Government of India extended superannuation age of LIC chairman to up to 62 years

•The government has extended the superannuation age of IPO-bound LIC Chairman, M R Kumar, to up to 62 years by making amendments to the Life Insurance Corporation of India (Staff) Regulations, 1960.

•The changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, according to a government notification dated June 30, 2021. It is to be noted that the retirement age for the top executives of the majority of PSUs is 60 years, barring a few exceptions, including the State Bank of India (SBI).

SPORTS

Norway’s Karsten Warholm breaks men’s 400 metres hurdles world record

•Karsten Warholm, a 25-year-old athlete from Norway, broke the long-standing world record in the 400m hurdles during the Bislett Games.

•Earlier the record was held by American hurdler Kevin Young for 29 years. His mark of 46.78 seconds was set at the 1992 Olympics in Barcelona, Spain, which was finally broken with an official time of 46.70 seconds by Warholm.

Mithali Raj surpasses Edwards to become highest run-getter

•India captain Mithali Raj became the highest run-getter in women’s cricket across formats, overtaking former England skipper Charlotte Edwards. Mithali became the world’s most prolific batter in women’s internationals, overtaking Edwards’ 10,273 runs. Suzie Bates of New Zealand is third with 7849 runs. Stafanie Taylor (7832) and Meg Lanning (7024) round up the top five.

•Mithali achieved the feat during the third and final inconsequential ODI against hosts England while chasing 220 for a consolation win. In 2020, Raj was named to the ICC’s ODI team of the decade, a fitting honour for her consistency in the sport. She is also the most capped player in the history of the women’s game, having featured in 11 Tests, 216 ODIs and 89 Twenty20 Internationals so far.

APPOINTMENTS AND RESIGNATIONS

KN Bhattacharjee is the new Lokayukta of Tripura

•Veteran advocate Kalyan Narayan Bhattacharjee has been appointed as the new Lokayukta in Tripura. He has been appointed to the post for three years w.e.f. July 1.

•The Lokayukta Act has been in force in Tripura since 2008 and in 2012, the first Lokayukta was appointed in Tripura. Bhattacharjee is the third Lokayukta in the state and the first to hold the post as a lawyer. Former Gujarat & Guwahati HC judge Pradeep Kumar Sarkar was 1st Lokayukta in Tripura.

AWARDS AND RECOGNITION

Invest India won the most innovative Investment Promotion Agency 2021 award

•Invest India has been awarded the world’s most innovative Investment Promotion Agency 2021 by OCO Global. OCO Global is a leading authority on foreign investment and offers a range of economic development services, products, and unique company assessment tools.

•Invest India, set up in 2009, is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

•It is the national investment promotion and facilitation agency.

•Invest India focuses on sector-specific investor targeting and the development of new partnerships to enable sustainable investments in India.

BANKING AND ECONOMY

IOB becomes the second most-valued public lender

•Indian Overseas Bank (IOB) has become the second most-valued listed public sector bank (PSB) with a market capitalisation of over Rs 50,000 crore. As Street discounts privatisation of the state-owned lender, its shares have appreciated nearly 80 per cent on the BSE in the past 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 third and fourth position, respectively, as per data available on BSE.

•In the past month, the market price of IOB has zoomed 57 per cent, as compared to a 4 per cent decline in PNB and a 5 per cent gain in BOB share price. The bank plans to come out of the Prompt Corrective Action (PCA) framework by focusing on recovery, low-cost deposits, and less capital consuming advances.

NATIONAL

Pushkar Singh Dhami will be the next chief minister of Uttarakhand

•Pushkar Singh Dhami will be the next chief minister of Uttarakhand. He will be the youngest CM of Uttarakhand. 45-year-old Pushkar Singh Dhami, an MLA from the Khatima constituency in Udham Singh Nagar district. He will replace Tirath Singh Rawat, who resigned from the post. He was elected by the state leaders during the legislature party meeting in Dehradun.

•Born on September 16, 1975, in Uttarakhand’s Pithoragarh, Pushkar Singh Dhami is a two-time MLA from the Khatima constituency. He holds a Postgraduate degree in Human Resource Management and Industrial Relations and LLB in Social Life.

•Pushkar Singh Dhami was also associated with Rashtriya Swayamsevak Sangh (RSS) and also served as the state president of Bharatiya Janata Yuva Morcha in Uttarakhand.

•Pushkar Singh Dhami served as the officer on special duty for former Uttarakhand chief minister Bhagat Singh Koshyari in 2002.

Jammu & Kashmir ends 149-year-old darbar move tradition

•The LG Manoj Sinha formally put an end to a 149-year-old biannual tradition of shifting offices between summer capital Srinagar and winter capital Jammu. The administration served notice to employees to vacate the ‘Darbar Move’ related accommodations in three weeks in Jammu and Srinagar. Administration cancelled the residential accommodation of “darbar move” employees in Jammu and Srinagar, implying the employees will remain stationed in either Jammu or Kashmir.

•Around 8000-9000 employees working in Civil Secretariats, with headquarters in Jammu and Srinagar, would move along with files twice every year. While Srinagar served as the summer capital, Jammu was the winter capital.

•Dogra monarch Maharaja Gulab Singh is believed to have started the tradition of shifting the capital in 1872. The tradition was continued after 1947 by J&K’s political class, as it acted as a major bridge and a space for interaction between two diverse linguistic and cultural groups of Kashmir and Jammu regions.

SPORTS

Mariyappan Thangavelu named as a flag-bearer for Tokyo Paralympics

•Top para high-jumper Mariyappan Thangavelu was named the flag-bearer of the Indian contingent in the Tokyo Paralympics, which begins on August 24. Thangavelu, who is defending the T-42 gold he had won in the 2016 Rio Paralympics during the August 24 to September 5 showpiece in Tokyo, was picked for the honour by the executive committee of the national body.

•The 25-year-old Thangavelu, who was conferred with the Khel Ratna, the country’s highest sporting award, last year is one of the 24 para-athletes picked by the selection committee for the Tokyo Paralympics. Thangavelu, who hails from Salem district in Tamil Nadu, suffered a permanent disability at the age of five when a bus crushed his right leg below the knee.

Indian Wrestler Sumit Malik gets two-year ban for doping

•Indian wrestler Sumit Malik was banned for two years by the sport’s world governing body UWW after his B sample also returned positive for a prohibited stimulant.

•The 28-year-old has one week to decide if he would accept the sanction or challenge it. He was handed a provisional suspension last month for failing a dope test during the World Olympic Qualifier event in Sofia, where he had qualified for the Tokyo Games in the 125 kg category.

APPOINTMENTS AND RESIGNATIONS

Satish Agnihotri New MD of NHSRCL

•Satish Agnihotri has taken over charge as Managing Director, National High-Speed Rail Corporation Ltd. He comes with more than 20 years of experience in the implementation of mega rail infrastructure projects. He has worked as Chairman & Managing Director, Rail Vikas Nigam Limited (RVNL), a schedule ‘A’ CPSE under the Ministry of Railways for close to 9 years.

•During his tenure as CMD/RVNL, RVNL completed 7000 km of project length including 3000 km doubling/3rd line, 880 km conversion of metre gauge track to broad gauge, 3000 km railway electrification, 85 km new line, 6 factories and many important bridges. A 7 km long tunnel was also completed in a record time of 25 months in a new line project in Andhra Pradesh.

BOOKS AND AUTHORS

Pan Macmillan to publish Nathuram Godse’s biography

•The book titled “Nathuram Godse: The True Story of Gandhi’s Assassin” by Mumbai-based journalist Dhaval Kulkarni will be published by Pan Macmillan India in 2022. A biography of Nathuram Godse, Mahatma Gandhi’s infamous assassin, situates the man and his most defining act in the larger context of modern Indian history and contemporary society and politics.

•The book was acquired at auction by Teesta Guha Sarkar, editorial head at Pan Macmillan India, from Anish Chandy, founder of Labyrinth literary agency. “The book will be a deep-dive account and delve into the cataclysmic chain of events both before and after Gandhi’s murder.

BANKING AND ECONOMY

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 certain provisions of directions on ‘Cyber Security Framework in Banks. The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020, the central bank said while giving details. Accordingly, the central bank had issued a show-cause notice to the bank asking it why a penalty should not be imposed for non-compliance with the directions issued by RBI.

•This penalty has been imposed in the exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949.

Axis Bank tie-up with AWS for powering digital banking services

•Axis Bank has inked a multi-year deal with Amazon Web Services (AWS) to power the digital transformation programme of the country’s third-largest private sector bank. As part of the agreement, Axis Bank with help of AWS will build a portfolio of new digital financial services to bring advanced banking experiences to customers, including online accounts that can be opened in 6 min & instant digital payment. This will help the bank increase customer satisfaction by 35 per cent and lower costs by 24 per cent.

•To date, Axis Bank has deployed over 25 mission-critical applications on AWS, including a Buy Now Pay Later product and a new loan management system to support it, Account Aggregator, Video-Know Your Customer (V-KYC), and WhatsApp Banking.

NATIONAL

Andhra Pradesh CM YS Jagan Mohan Reddy launched ‘YSR Bima’ scheme

•Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched the ‘YSR Bima’ scheme with new guidelines, where the government itself will directly pay the insurance amount to the family of the deceased to make the insurance claims easier.

•In order to support 1.32 lakh families through the YSR Bima scheme, the State government allocated Rs 750 crores for the year 2021-22. In the last two years, the State government had spent Rs 1307 crore for YSR Bima.

7th IONS Concluded in France

•The 7th edition of the Indian Ocean Naval Symposium (IONS), concluded in France on July 01, 2021. The biennial event was hosted by the French Navy at La Réunion from 28 June to 01 July 2021. From India, Admiral Karambir Singh, Chief of the Naval Staff, Indian Navy, participated in the inaugural session of the event virtually. France is the current chair of the Symposium, which assumed the Chairmanship on 29 June 2021 for a two-year tenure.

•The Indian Ocean Naval Symposium (IONS) is a series of biennial meetings, held between the littoral states of the Indian Ocean region, to enhance maritime cooperation among Navies of the member states, by providing an open and inclusive forum for discussion of regionally relevant maritime issues such as maritime security cooperation, discuss regional maritime issues, and promote friendly relationships.

President Kovind Laid Foundation Stone For Ambedkar Memorial And Cultural Centre in Lucknow

•President Ram Nath Kovind laid the foundation stone for Ambedkar Memorial and Cultural Centre in Lucknow. The cultural centre will come up at 5493.52 sq meter nazool land in front of Aishbagh Eidgah in Lucknow and have a 25-ft high statue of Dr Ambedkar.

•The centre, to come up at a cost of ₹45.04 crores, will also have an auditorium having a capacity of 750 people, library, research centre, picture gallery, museum and a multi-purpose convention centre.

Digital India completed 6 years of journey from 1 July 2015

•Digital India has completed its 6 years of journey on July 1, 2021. Digital India is a government’s flagship scheme to transform India into a digitally empowered society and knowledge economy. This unique flagship programme of the Government of India was launched on 1 July 2015 with a vision to transform India into a digitally empowered society and knowledge economy.

•It started as an attempt to improve access to critical Government services by making the country digitally empowered through improved infrastructure and connectivity. The programme has been enabled for several important Government schemes, such as BharatNet, Make in India, Startup India and Standup India, industrial corridors, etc.

•With the help of Aadhaar, Government has provided digital identity to 129 crore people of India. Jandhan bank Accounts, mobile phones, and Aadhaar (JAM) helped the government in providing benefits of the different schemes through digital platforms.

OBITUARY

Former Indian footballer M. Prasannan passed away

•Former Indian footballer M Prasannan has passed away. A gifted midfielder of the 1970s, he shared the dressing room with stalwarts of Indian football like Inder Singh and Doraiswamy Natraj.

•He played for Kerala, Maharashtra, and Goa in Santosh Trophy National Football Championship.

IMPORTANT DAYS

International Day of Cooperatives 2021: 3 July

•The United Nations celebrates the International Day of Cooperatives every year on the first Saturday of July to increase awareness of cooperatives. In the year 2021, the International Day of Cooperatives will be celebrated on 3rd July with a focus on the contribution of cooperatives to combating climate change.

•This July 3rd, the International Day of Cooperatives (#CoopsDay) will be celebrated as “Rebuild better together”. Cooperatives around the world will showcase how they are meeting the COVID-19 pandemic crisis with solidarity and resilience and offering communities a people-centred and environmentally just recovery.

•United Nations is celebrating the International Day of Cooperatives every year on the first Saturday of July since 1923. Co-operatives have been acknowledged as associations and enterprises through which citizens can effectively make their lives better by contributing to the economic, social, cultural as well as political advancement of their community and nation. Cooperatives employ 280 million people across the globe which is 10% of the world’s employed population.

BANKING AND ECONOMY

HDFC Bank launcheed ‘Salaam Dil Sey’ initiative for Doctors

•HDFC Bank launched a SalaamDilSey initiative to show gratitude to doctors for their tireless service during the pandemic, to pay tribute to doctors across the country. SalaamDilSey encourages one and all to take a moment to acknowledge and celebrate the contribution of doctors and provides a platform to show their gratitude to doctors, who are bravely fighting the pandemic, at the risk of their own lives.

•As part of this initiative, the bank has created a web platform www.salaamdilsey.com wherein the general public can logon on to the microsite and share the thank you message for doctors which can be immediately shared via e-mail, social media, and WhatsApp.

ICICI Bank launched ‘Salute Doctors’, banking solution for every doctors

•ICICI Bank has launched India’s most comprehensive banking solutions for medical doctors. Titled as ‘Salute Doctors’, the solution offers customized banking as well as value-added services for every doctor, beginning from a medical student to a senior medical consultant to an owner of a hospital or a clinic.

•The solutions, are mostly digital and instant, designed to cater to the professional, business, lifestyle and wealth banking requirements of doctors and their families. The initiative is powered by ICICI STACK, a digital banking platform with nearly 500 services that helps customers of the Bank to avail the services digitally and seamlessly.

State Bank of India celebrated 66th Foundation Day on 1st July 2021

•The oldest commercial bank in the country, State Bank of India, SBI, is celebrating its 66th year on 1st July. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India.

•The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India which in turn became the State Bank of India on this day in 1955.

Government keeps interest rates on Small Savings Schemes unchanged for second quarter

•The government of India has announced that the rate of interest on Small Savings Schemes for the second quarter (July-Sept) of 2021-22 will remain unchanged as the last quarter (April-June) of 2021-2022. It must be noted that the Government notifies the Interest rates for small savings schemes on a quarterly basis.

•Various Interest Rates for Quarter-2 (July-Sept) of 2021-22 are-

•Post Office Savings Account-4%

•Post Office Time Deposit (TD) Account – One, two & three (Year ) - 5.5%

INTERNATIONAL

World Bank announced additional funding of $8 billion for C-19 vaccines, total $20 billion

•The World Bank has announced additional funding of $8 billion for C-19 vaccines, for developing countries. With this, the total financing available for the C-19 vaccine reaches $20 billion. Earlier the World Bank had announced $12 billion for the same. This funding will be used over the next 18 months till 2022 end.

•World Bank Group President David Malpass has also called on countries with surplus doses to release it for use by developing countries and requested vaccine manufacturers to prioritise the available doses for such developing countries that urgently need them. Further, the Bank also provided over $4 billion for the purchase and deployment of C-19 vaccines for 51 developing countries, half of which are in Africa.

NATIONAL

J&K’s, Lt Governor , Manoj Sinha launched “HAUSLA- Inspiring her growth”

•Lieutenant Governor J&K, Manoj Sinha has launched the “HAUSLA- inspiring her growth”, a comprehensive programme for Catalysing Women Entrepreneurship in UT. The priority of the government is to reduce the gap between women and men entrepreneurs, in a systematic manner and to encourage women who are currently engaged in various professions so that they too can become a part of the ‘Hausla’ program.

•The intent of the innovative initiative is to empower Women as vital drivers of the overall development process in the UT by identifying & empowering Women Entrepreneurs as role models, providing them with markets, networks, training & continuous support and subsequently building an ecosystem to inspire other local women entrepreneurs.

A. K. Mehta Chief Secretary of J&K, inaugurated SDRF first Battalion’s 24×7 mental health helpline ‘SUKOON’

•J&K Chief Secretary, Arun Kumar Mehta, inaugurated SDRF first Battalion’s 24×7 mental health helpline ‘SUKOON’ at its headquarters. This initiative, launched by SDRF First Battalion Kashmir in collaboration with Mission Youth J&K and Tourism department, will guide the caller to avail services of clinical psychologists, therapists, counsellors and psychiatrists.

•‘SUKOON’ is a mental health helpline initiative (toll-free number 1800-1807159) to offer guidance to persons (or their well-wishers) who are experiencing anxiety, depression, stress, panic attack, PTSD, adjustment disorder, suicidal thoughts, substance abuse, mental health emergency and pandemic induced psychological stress.

•First, 200 SDRF and 40 NDRF personnel were trained for C-19 care duties and then deployed at Seven hospitals in J&K while the launch of the Sukoon helpline is the second step to support persons facing health issues.

India’s oldest running newspaper, “Mumbai Samachar”, will enter its 200th year

•On July 1, India’s oldest running newspaper, Mumbai Samachar, will enter its 200th year. The Gujarati newspaper, with its office located in an iconic red building at Horniman Circle in Mumbai’s Fort area, was first published in 1822. It was founded by a Parsi scholar Fardoonji Murazban, who had experimented with various other publishing options before landing on this successful print run.

•Formerly called Bombay Samachar, in Gujarati, the paper has always run as Mumbai na Samachar. It started as a weekly edition, primarily covering the movement of goods across the sea and other business news, such as the sale of property, and passed through several hands until bankruptcy turned it over to the Cama family in 1933.

SPORTS

Abhimanyu Mishra becomes youngest ever chess Grandmaster in the world

•Indian-origin American Abhimanyu Mishra has become the youngest-ever chess Grandmaster in the world.

•At 12 years, four months and 25 days, he obliterated the long-standing record held by Sergey Karjakin, who was 12 years and seven months old when he attained the title. Three years ago, India’s R Praggnanandhaa had almost surpassed him but missed the opportunity by a whisker.

APPOINTMENTS AND RESIGNATIONS

Air Marshal Vivek Ram Chaudhari will be new Indian Air Force Vice Chief

•Air Marshal Vivek Ram Chaudhari will be the new Vice Chief of Indian Air Force succeeding Air Marshal Harjit Singh Arora. Air Marshal Chaudhari is currently serving as commander-in-chief of the IAF’s Western Air Command (WAC) that looks after the security of the country’s air space in the sensitive Ladakh sector as well as various other parts of north India. Air Marshal Arora retired from service and Air Marshal Chaudhari is likely to take charge of the new assignment.

•An alumnus of the National Defence Academy, Air Marshal Chaudhari was commissioned into the fighter stream of the IAF on December 29, 1982. In a distinguished career spanning nearly 38 years, the officer has flown a wide variety of fighter and trainer aircraft in the inventory of IAF. He has a flying experience of more than 3,800 hours, including operational flying on MiG-21, MiG-23 MF, MiG 29 and Su-30 MKI fighter jets.

IMPORTANT DAYS

World UFO Day 2021: 02 July

•The World UFO Day (WUD) is held on July 2 every year globally. It is a day dedicated to the existence of Unidentified Flying Objects (UFO) by the World UFO Day Organization (WUFODO).

•WUD aims to raise awareness about the existence of UFOs and encouraging people to think about the possibility of us not being alone in the Universe. Initially, the day was observed on June 24. Later, WUFODO established on July 2 to commemorate the day.

World Sports Journalists Day 2021: 02 July

•World Sports Journalists Day is observed globally on 2nd July every year. The day aims to acknowledge the work of sports journalists & to encourage them to do better at their work. Sports journalists help millions of people in the world to receive information on various sports. This professional has helped in the development of many kinds of games all over the world. These journalists have their associations to maintain their standards in their profession. It was found all over 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 70th anniversary of the foundation of the organization. AIPS was formed on July 2 of 1924, during the Summer Olympics in Paris.

AWARDS AND RECOGNITION

Odia poet R. K. Panda bags Kuvempu Rashtriya Puraskar for the year 2020

•The Kuvempu Rashtriya Puraskar, the national award instituted in memory of late poet laureate Kuvempu, has been awarded to renowned Odia poet Dr. Rajendra Kishore Panda for the year 2020. The prestigious award carries a cash award of Rs 5 lakh, a silver medal, and a citation.

•Born on June 24, 1944, Dr. Panda writes in the Odia language. He has published 16 poetry collections and a novel. He is a major Indian poet who steered the path of modern Odia poetry to great heights. He was awarded the Gangadhar National Award in 2010, and the Sahitya Akademi Award in 1985. He was awarded a DLitt by Sambalpur University.

•Founded in 1992, Rashtrakavi Kuvempu Trust instituted this national annual literary award in 2013 in the name of Kuvempu to recognize litterateurs who had contributed in any language recognized by the Constitution of India.

RANKING

Global Startup Ecosystem Index 2021 : India ranked 20th

•India stands at the 20th spot among the top 100 countries that have been ranked in the Global Startup Ecosystem Index 2021 by Startup Blink. The country was in the 17th spot in 2019, after which it slid six spots down and stood at 23 in 2020. According to the report, India needs to better its infrastructure and Internet speed in order to further strengthen its start-up ecosystem.

•India currently has 43 of its cities listed in the top 1000, globally, with Bengaluru(10th), New Delhi (14th) and Mumbai (16th) in the top 20.

•Like last year, the US, the UK, Israel, Canada and Germany are in the top five spots this year too and continue their lead.

BANKING AND ECONOMY

Flipkart launched Shopsy to enable over 25 mn online entrepreneurs

•Flipkart has launched Shopsy, an app that will enable Indians to start their online businesses without any investment. Flipkart aims to enable over 25 million online entrepreneurs by 2023 with the help of Shopsy. Users of Shopsy will be able to share catalogues of a wide selection of 15 crore products offered by Flipkart sellers.

•These users can share catalogues with potential customers via popular social media and messaging apps, place orders on their behalf and earn commissions on the transactions. These range across fashion, beauty, mobiles, electronics and home, with potential customers via popular social media and messaging apps. Shopsy’s objective is to power e-commerce for communities and third-party channels where these users spend time/trust.