July Thunderbolt
July Thunderbolt
July Thunderbolt
in
Table of Contents
Banking & Finance .......................................................................................................................... 3
Economy ........................................................................................................................................ 26
National ......................................................................................................................................... 40
International ................................................................................................................................... 58
State/UTs ....................................................................................................................................... 63
Sports ............................................................................................................................................. 64
Agreements & MoUs..................................................................................................................... 71
Schemes ......................................................................................................................................... 81
Appointments & Resignations ...................................................................................................... 85
Awards ........................................................................................................................................... 95
Ranks & Reports ......................................................................................................................... 102
Important Days ............................................................................................................................ 108
Summit & Conferences ............................................................................................................... 113
Science & Technology ................................................................................................................ 116
Defence ........................................................................................................................................ 118
Books & Authors ......................................................................................................................... 122
Miscellaneous .............................................................................................................................. 123
Obituary ....................................................................................................................................... 124
Person in news ............................................................................................................................. 126
Insurance...................................................................................................................................... 127
India & World.............................................................................................................................. 130
Environment ................................................................................................................................ 134
Apps & Portals ............................................................................................................................ 135
Acquisitions & Mergers .............................................................................................................. 138
States/UTs.................................................................................................................................... 142
Practise Question ......................................................................................................................... 158
Answer keys for Pratice Questions ............................................................................................. 207
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• Union Bank of India launched 'Union Premier' branches for high-value customers in rural and
semi-urban (RUSU) markets.
• Designed to provide personalized banking services, these branches will offer a wide range of
products and services under one roof for high-value customers in RUSU markets.
• The Reserve Bank of India and countries in the Association of Southeast Asian Nations
(ASEAN) grouping will create a platform to enable instant cross-border retail payments, with
the domestic central bank working with individual member states to set up the systems.
• The platform is expected to go live by 2026.
• In a statement, RBI said it has joined the Project Nexus, a multilateral international initiative to
enable instant cross-border retail payments by interlinking domestic fast payments systems
(FPSs).
• An agreement to this effect was signed by BIS and central banks of the founding countries --
Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP),
Monetary Authority of Singapore (MAS) -- and RBI on Sunday in Basel, Switzerland.
• Indonesia, which has been involved from the early stages, continues to be involved as a special
observer.
3. SBI launches web-based digital business loans solution for MSMEs' invoice financing
• State Bank of India (SBI) has launched 'MSME -Sahaj', a web-based digital business loans
solution for MSMEs' (micro, small and medium enterprises) invoice financing.
• With the new web-based solution, the Bank's customers can avail finance against their Goods
and Service Tax (GST) registered sales invoices of up to '1 lakh in less than 15 minutes.
• The purpose of the product is to provide 'on tap' short-term credit for working capital needs to
MSME units who are part of the GST regime
• SEBI has increased the limit for the basic service demat account to Rs 10 lakhs from the current
Rs 2 lakhs to encourage small investors to participate in the securities market. The new
guidelines will be effective from September 1, 2024, per the SEBI's circular.
• This move is expected to support the growth of demat accounts, although the rate of increase
may be gradual. The basic service demat account (BSDA) is a simplified version of a regular
demat account. SEBI introduced this facility in 2012 to reduce the demat charges for investors
with small portfolios and to promote their financial inclusion.
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• Bandhan Bank has announced that it has launched a facility to collect direct taxes online from
its customers and non-customers across India.
• The Bank is now live for collecting Direct Taxes through the TIN 2.0 Income Tax platform. As
an Agency Bank appointed by the RBI, Bandhan Bank also accepts offline payments of direct
taxes through over 1700 bank branches.
6. Bank of India receives Atal Pension Yojana Annual Award for FY2023-24 by PFRDA
• Bank of India (BOI) has received multiple awards in recognition of its outstanding performance
in various aspects of banking and financial inclusion.
• BOI has been felicitated with the Atal Pension Yojana Annual Award for FY2023-24 by
PFRDA (Pension Fund Regulatory and Development Authority Awards) for the second
consecutive year.
• Additionally, the Bank has been awarded the APY Ultimate Champions Cup while three of its
branches have been recognized among the top five branches across India.
7. Government of India and ADB sign $170 million loan to strengthen pandemic preparedness
and response.
• The Government of India and the Asian Development Bank (ADB) signed a $170 million
policy-based loan to consolidate and strengthen India's health system preparedness and
response capacity to future pandemics. The program builds on ADBs partnership with the
Government of India to strengthen its health system and adopt transformative solutions.
• Through this policy-based loan, ADB will help the government fill the gaps in policy,
legislative, and institutional governance and structures and contribute to India's goal of
providing universal access to quality and affordable healthcare services to strengthen pandemic
preparedness and response.
• The programme will be anchored in major government plans and initiatives including the
National Health Policy 2017; Pradhan Mantri Ayushman Bharat Health Infrastructure Mission
(PM-ABHIM), the National One Health Mission, and the government efforts to strengthen
Human Resources for health (HRH).
• The targeted reform areas through the program include: (i) strengthened disease surveillance
and multisectoral response, (ii) strengthened human resources for health, and (iii) expanded
climate-resilient public health infrastructure and innovative service delivery.
8. ICICI Bank launches pre-paid Sapphiro Forex Card for international students.
• Private sector lender ICICI Bank launched a pre-paid Sapphiro Forex Card, crafted specifically
for students who are going abroad for higher education. The card comes with an array of
joining benefits up to Rs 15,000, along with exclusive privileges.
• The card, powered by Visa, provides exclusive benefits and convenience to students and their
parents to manage education-related expenses abroad like admission fees, course-related fees
and other day-to-day expenses, including travel, dining and groceries, among others.
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• The card offers the freedom of loading and transacting in 15 currencies without any cross-
currency mark-up charge being levied by the bank, allowing students to conveniently travel
across the globe even if they load only one currency on the card.
• The Reserve Bank of India announced that nine non-banking financial companies, including
Ujjivan Financial Services, have surrendered their certificate of registration (CoR) to the central
bank.
• Of these, five non-banking financial companies (NBFCs) have surrendered their CoR as they
have exited from the non-banking financial institution business. These NBFCs are Vigfin
Holdings, Strip Commodeal, Allium Finance, Eternite Finvest, and Fino Finance.
• The apex bank announced three NBFCs, namely Allegro Holdings, Temple Trees Impex and
Investment, and Hem Financial Services, have surrendered their certificates after meeting the
criteria prescribed for unregistered Core Investment Company (CIC) that do not require
registration.
10. RBI joins 'Project Nexus' to enable instant cross-border retail payments
• The Reserve Bank of India said it has joined 'Project Nexus', a multilateral international
initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments
Systems (FPSs). Indonesia, which has been involved from the early stages, continues to be
involved as a special observer.
• Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements
(BIS), aims to connect the FPSs of four ASEAN countries (Malaysia, Philippines,
Singapore, and Thailand); and India, who would be the founding members and first
mover countries of this platform.
11. NPCI international partners with Network International to expand UPI acceptance in UAE.
• UPI QR codes will now be easily available across the UAE and Middle East, making digital
payments easier as NPCI International collaborators with Network International (Network), a
major player in digital commerce accords Middle East and Africa. QR code-based UPI
payments via Network's point-of-sale (POS) terminals in the UAE.
• The introduction of UPI payments in UAE through NPCI International and Network
International aims to provide seamless payment experiences for Indian travelers and NRIs. The
initiative reflects the growing global acceptance of UPI, with partnerships established in various
countries for faster digital payments.
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12. NABARD partners with Online PSB Loans Ltd to digitalize Jan Suraksha Schemes for
regional rural Banks.
• National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans
Limited have signed an agreement to promote financial inclusion through regional rural banks.
The collaboration seeks to smoothen the process of enrolment and claim settlement under the
Jan Suraksha Schemes for all 43 Regional Rural Banks (RRBs).
• Onboarded on Jan Suraksha Portal. This initiative represents a significant stride towards
bridging the financial gap in rural areas and will further empower Regional Rural Banks to
leverage digital solutions for seamless enrolment and efficient settlement of Jan Suraksha
schemes.
• The JanSuraksha Portal, an initiative undertaken by the Department of Financial Services
(DFS) of the Government of India, facilitates digital enrolment and claim settlements for the
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha
BimaYojana (PMSBY).
13. Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital.
• Indiabulls Housing Finance has rebranded itself as Sammaan Capital after receiving the
necessary approvals from regulatory authorities. This includes the Certificate of Incorporation
from the Registrar of Companies and the Certificate of Registration as an NBFC-ICC
(Investment and Credit Company) from the Reserve Bank of India.
• The country's largest lender SBI announced 11 new initiatives ' including the enhancement of
its digital banking features and opening of 35 new Agricultural Centralised Processing Cells to
mitigate risks in its agricultural loan portfolio.
• On the occasion of the 69th Foundation Day, State Bank of India announced these initiatives to
widen the bank's accessibility to address the banking needs of its potential customers, the lender
said in a statement.
• SBI has enhanced its digital payment experience, with the introduction of two exciting features
like tap-and-pay on the BHIM SBI PAY app and end-to-end digital loans against mutual funds
on the YONO app.
• The bank has also announced an initiative, which is a fully digital end-to-end journey for SBI
Surya Ghar Loan, adding that the users can opt for credit to install solar rooftops under the
central government's PM Surya Ghar Scheme, offering loans for up to 10 KW capacity.
• The entire process will be managed on SBI's digital platform from applicant registration on the
MNRE/REC portal to loan disbursement. Acknowledging the significant contributions and
global presence of the Indian diaspora in shaping the nation's growth story, SBI opened a
second Global NRI Centre (GNC) in Patiala, Punjab.
• To enhance its service to NRI clients, its Chairman Dinesh Khara inaugurated the second
Global NRI Centre (GNC) in Patiala on Bank Day.
• SBI has launched comprehensively redesigned High Court branches aimed at enhancing
services for the legal community.
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• This initiative underscores SBI's commitment to providing tailored financial solutions that cater
specifically to the unique needs of lawyers and legal professionals. The redesigned branches are
equipped to offer top-tier services, including financial management, transaction facilitation, and
personalised financial advice.
• The RBI has cancelled the licence of Banaras Merchantile Co-operative Bank, Varanasi in the
wake of its worsening financial position. The bank ceases to carry on banking business, with
effect from the close of business on July 04, 2024.On liquidation, every depositor would be
entitled to receive a deposit insurance claim amount of their deposits up to Rs 5 lakh from
DICGC.
• The Reserve Bank of India (RBI) on 5th July said it has imposed a monetary penalty of Rs 1.31
crore on Punjab National Bank for non-compliance with certain directions related to KYC and
'loans and advances'. The Reserve Bank said it conducted a statutory inspection of the bank
with reference to its financial position as on March 31, 2022.
• The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 10,000 on YES Bank for
not exchanging mutilated notes, the lender said in its exchange filing. The bank was charged a
penalty citing the 'Scheme of Penalties for bank branches including Currency Chests' based on
performance in rendering customer service to the members of the public.
• The RBI has cancelled the licence of Shimsha Sahakara Bank Niyamitha, Maddur (Karnataka)
in the wake of its worsening financial position. Consequently, the bank ceases to carry on
banking business, with effect from the close of business on July 05, 2024, the Reserve Bank
said in a statement.
• The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for
winding up the bank and appoint a liquidator for the bank. As per the data submitted by the
bank, RBI said about 99.96 per cent of the depositors are entitled to receive the full amount of
their deposits from the DICGC.
18. Universal Sompo Unveils AI-Powered Tools for Boost Motor Claim Settlements
• Universal Sompo has launched intelligence tools 'Universal i Assess' and 'Universal i Gen' to
expedite motor claims settlement. These innovative tools enable surveyors to analyse damages
rapidly and produce claims estimates in real time, considerably expediting the claims process.
Universal i Assess' combines neural network image processing, analytics, machine learning.
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• Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease
of doing business for credit rating agencies. The circular introduces specific timelines for
dealing with appeals made by companies regarding rating actions carried out during periodic
surveillance of ratings.
• These modifications will be applicable, with effect from August 01, 2024, the SEBI said in a
circular. Sebi has also outlined specific timelines for certain types of disclosures, such as a list
of non-cooperative issuers that should be updated daily, ensuring that stakeholders are promptly
informed about issuers who fail to cooperate with rating agencies.
• For disclosures regarding ratings that have not been accepted by issuers, CRAs are required to
maintain this information for 12 months. To ensure compliance, the circular will be monitored
through the half-yearly internal audit for credit rating agencies, as mandated under the CRA
norms, Sebi said.
20. Bank of Baroda to Raise '7,500 Crore Through AT1 and Tier 2 Bonds
• Bank of Baroda has announced its plans to raise an additional '7,500 crore through the issuance
of Additional Tier 1 (AT1) and Tier 2 bonds, with board approval secured for the financial year
2024-25. These bonds will be issued in multiple tranches and include an interchangeability
option in India and overseas.
• In addition, the board has also approved raising '10,000 crore through long-term bonds. These
funds will be allocated to finance infrastructure initiatives and affordable housing projects, also
within the financial year 2024-25. Financially, Bank of Baroda reported an 8.1% increase in net
interest income (NII) for the year ended 2024, reaching '44,722 crore.
21. Paytm launches 'Health Saathi' plan for its merchant partners.
• One 97 Communications Limited (OCL), which owns brand Paytm, has rolled out 'Paytm
Health Saathi', an exclusive health and income protection plan for its merchant partners. This
plan is available on the 'Paytm for Business' app.
• Starting at just '35 per month on a monthly subscription, Paytm Health Saathi offers a range of
services that includes unlimited doctor teleconsultation, in-person doctor visits (OPD) within its
partner network. It also includes income protection cover in the event of business interruptions
due to accidents, natural calamities such as floods and fires, or strikes.
• The launch of 'Paytm Health Saathi aims to safeguard the wellbeing of its merchants, ensuring
their health and business continuity.
• The doctor teleconsultation service is powered by MediBuddy, providing additional benefits
including discounts at leading pharmacies and on diagnostic tests.
22. ICICI Prudential MF launches India's first oil & gas ETF.
• ICICI Prudential Mutual Fund has launched the ICICI Prudential Nifty Oil & Gas ETF, India's
first exchange-traded fund (ETF) in the oil and gas sector. The scheme will track the Nifty Oil
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& Gas TRI, an index that reflects the performance of listed sector companies. This is an open-
ended scheme, meaning investors can redeem their units at any time.
• It's an index fund, which passively invests in the companies that comprise the Nifty Oil & Gas
TRI. It is an Exchange Traded Fund that aims to provide returns that correspond to the returns
provided by Nifty Oil & Gas Index, subject to tracking error and suitable for investors seeking
long-term wealth creation.
23. EXIM Bank enters into $2.5 million Line of Credit agreement with Guyana.
• The Export-Import Bank of India (EXIM Bank) has entered into an agreement with the
government of Guyana to provide a line of credit worth $2.5 million for the installation of a
solar photo voltaic power plant, the Reserve Bank of India said. he solar photo voltaic power
plant will be set up at the Cheddi Jagan International Airport in Guyana.
• Under the Line of Credit, the last date for disbursements will be 48 months after the completion
of the project.Of the total credit provided by EXIM Bank, goods, works and services worth at
least 75% of the contract price will be supplied by the seller from India and the remaining 25%
may be procured by the seller from outside India for the eligible contract, the RBI said.
• The Sixteenth Finance Commission constituted an advisory council with five members to
advise the Commission on any of the Terms of Reference (ToR) or related subjects, a press
statement said. Poonam Gupta, Director General of the National Council of Applied Economic
Research, has been appointed as the convenor of the Advisory Council.
• The other members include economists D.K. Srivastava, Neelkanth Mishra, Pranjul Bhandari,
and Rahul Bajoria. Mishra holds the position of chief economist of Axis Bank currently, while
Bhandari is the Chief India Economist at HSBC Securities & Capital Markets. Srivastava is the
chief policy advisor at EY, and Bajoria is MD & Head of EM Asia (ex-China) Economics at
Barclays.
• The role and functions of the advisory council would include assisting the Commission in the
preparation of papers or research studies and monitoring or assessing studies commissioned by
the FC, thereby enhancing the Commission's understanding of the issues in its ToR.
25. French banking major BNP Paribas launches operations in GIFT City.
• French banking major BNP Paribas has launched operations at the Gujarat International
Finance Tec-City - International Financial Services Center (GIFT-IFSC) by opening a new
branch. The BNP Paribas GIFT City branch's product offerings aim to tap new business
opportunities for its onshore and offshore clients.
• The GIFT City branch marks a significant milestone and reinforces our continued commitment
to the growing BNP Paribas India franchise. It will enable us to better serve our well-diversified
global clientele with an expanded range of products and strategic solutions as cross-border
momentum continues to increase,'said Sanjay Singh, Head of Territory & CEO, BNP Paribas
India.
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26. Federal Bank, Bajaj Allianz Life Insurance enter into bancassurance tie-up.
• This partnership will enable Federal Bank's customers to seamlessly access Bajaj Allianz Life
Insurance's products, across the Bank's extensive network in India.
• This strategic partnership aims to leverage the combined strengths of Bajaj Allianz Life and
Federal Bank. It aligns with both the companies' strategic goals and growth plans.
• Global rating agency Moody's has revised its outlook on Indian private sector lender Yes Bank
from "stable" to "positive" on the expectation of a gradual improvement in its depositor base
and lending franchise. This will help improve its core profitability over the next 12-18 months.
• The positive outlook takes into account the improvement in the bank's asset quality and
capitalisation over the past 2-3 years. The rating agency also affirmed Yes Bank's "Ba3" long-
term (LT) foreign currency (FC) and local currency (LC) bank deposit ratings.
28. Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks
• Kotak Mahindra AMC on 11th July launched the BSE PSU Index Fund, a passive equity
scheme that will replicate the BSE PSU Index. The index currently comprises 56 public sector
undertaking (PSU) stocks across sectors. The BSE PSU Index has doubled in the last one year,
owing to strong momentum in PSU stocks.
29. RBI permits banks to use ratings of Brickwork Ratings subject to conditions
• The Reserve Bank of India (RBI) has lifted restrictions on banks using ratings from Brickwork
Ratings India Private Limited, two years after forbidding fresh ratings due to regulatory
concerns. Banks can now utilize Brickwork Ratings' assessments for calculating risk weights
for capital adequacy purposes, subject to certain conditions.
• For existing ratings assigned to working capital facilities exceeding Rs 250 crore, Brickwork
shall undertake rating surveillance only till the next renewal of such facility by banks, the RBI
said. In respect of existing ratings, Brickwork may undertake rating surveillance irrespective of
the rated amount for the residual tenure of such loans, the RBI said.
30. SBI introduces online loan facility against MF units via internet banking and YONO App
• State Bank of India has introduced an online loan facility against mutual fund (MF) units
through its internet banking (INB) and YONO App. The bank, in a statement, said this digital
offering enables customers to avail loans from the comfort of their homes, offering a 100 per
cent paperless and digital process that is available 24x7.
• The new loan facility is available for MF scheme of all the asset management companies
(AMCs) registered with CAMS. Previously, the loan against MF facility was limited to loans
against SBI Mutual Fund schemes only and was available only through branches requiring
physical visits by customers.
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• Mirae Asset Financial Services (India) has launched personal loans ranging from Rs. 75,000 to
Rs. 5 lakhs for salaried employees with a monthly income of over '25,000 across select cities.
The non-banking finance company, which is a subsidiary of Mirae Asset Group, in a statement,
said a borrower can complete the entire loan process in 10 minutes via its website and mobile
app.
• Personal loan interest rates start at 14 per cent per annum and have tenures ranging from 6 to 48
months,' it added. The NBFC said eligible borrowers must have a minimum credit score of 700
and at least 12 months of work experience. Initially, available in select locations across the
country, the product is open to individuals aged 22 to 55.
32. PNB launches 'Safety Ring' to enhance security for internet, mobile banking.
• State-owned Punjab National Bank (PNB) introduced a new security feature 'Safety Ring'
within its internet banking system and mobile banking system in response to the increasing
number of cyber frauds.
• This mechanism provides an additional safety layer to minimise potential losses in case of
unauthorised access by fraudsters, PNB said in a statement.
• Safety Ring is an optional feature that allows customers to set a daily transaction limit with
respect to term deposits (TDs) on online closure or availing overdraft facility on TDs up to the
set limit amount, it said.
33. Jio Financial Services gets RBI nod to become core investment company.
• The Reserve Bank of India approved the conversion of Jio Financial Services from a Non-
Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said
in a filing. Jio Financial Services is the demerged entity of energy-to-telecom conglomerate
Reliance Industries Ltd (RIL).
• One of the conditions stipulated by RBI is that the CIC holds not less than 90 percent of its net
assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or
loans in group companies.
• As a Core Investment Company, Jio Financial Services will primarily focus on investments in
and the management of its subsidiaries companies.
• Unlike typical NBFCs, CICs are non-deposit taking financial companies that have their
assets predominantly invested in the equity shares, preference shares, or debt
instruments of their group companies.
• As a CIC, the company gains greater operational flexibility. It can now focus on core
investment activities without engaging in other financial services.
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34. NPCI International Payments, QNB signs pact to launch QR code-based UPI payments
across Qatar
• Indians visiting Qatar will soon benefit from the convenience of making payments via UPI,
thanks to an agreement signed between NPCI International Payments (NIPL) and QNB, the
largest financial institution in the Middle East and Africa, headquartered in Qatar.
• This initiative aims to simplify transactions for a large number of Indian tourists in Qatar by
allowing them to scan a QR code and use UPI for payments. With millions of Indian tourists
expected to visit GCC countries like Qatar in 2024, this move is set to enhance payment options
and improve overall transaction experiences.
35. Punjab National Bank signs pact with SAIL to offer loans.
• State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide
home loan, car loan, and education loans to the latter's employees at concessional rates. This
strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd
(SAIL) employees while expanding PNB's customer base within the steel sector.
• A Memorandum of Understanding (MoU) was signed by PNB General Manager - Business
Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager -
Finance Lavika Jain and SAIL General Manager - HR Bikram Uppal.
• Canara Robeco Mutual Fund has launched the Canara Robeco Balanced Advantage Fund, an
open-ended dynamic asset allocation.
• In a press release, Rajnish Narula, CEO Canara Robeco MF said, 'The fund may be suitable for
mutual fund investors seeking a method for dynamically altering their exposure to equity.
• The NFO offers 2 features - auto switch and smart STP. While auto switch is simply parking
lumpsum contribution in debt schemes like liquid and overnight funds during the NFO period,
smart STP is dividing lumpsum investment in 4 parts ' the first part will be deployed during the
NFO period while the remaining 3 will be deployed in subsequent months.
• The fund is an asset allocation product, will dynamically allocate equity based on in-house
model to eliminate investor biases.The proprietary model uses trailing price-to-book ratio
(P/B),equity risk premium and forward price to earnings ratio (P/E) to arrive at asset allocation.
Shridatta Bhandwaldar, Ennette Fernandes, Suman Prasad and Amit Kadam will co-manage the
fund.
• SBI, India's largest lender, has raised the MCLR by 5-10 basis points for tenures from one
month to three years, effective July 15. Updated rates on SBI's website range from 8.35% for
one month to 9% for three years, including 8.40% for three months, 8.75% for six months,
8.85% for one year, and 8.95% for two years
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• This is the second consecutive hike after June. MCLR, the minimum lending rate since April 1,
2016, primarily affects corporate loans. Retail loans are tied to external benchmarks like the
unchanged RBI repo rate since February 2023. One basis point is 0.
• Introduced on April 1, 2016, MCLR is the minimum interest rates below which banks cannot
lend. It reflects the increase in banks' cost of funds.
• Mostly corporate loans are linked to MCLR while retail loans are mostly linked to external
benchmarks like the repo which has not been changed by RBI since February 2023. Marginal
cost of fund based lending rate (MCLR).
38. Kotak Mahindra Bank integrates physical and digital branches in new distribution
structure.
• Kotak Mahindra Bank (KMB) has unveiled a new distribution structure, integrating the
physical branch network, digital branch channel (encompassing mobile banking and net
banking platforms), and voice channel. As part of the new distribution structure, the private
sector lender appointed Pranav Mishra as the Head of Distribution.
• Mishra has joined KMB from ICICI Bank, where he most recently served as Head of
Liabilities, Deposit, Customer 360, Branch Banking, Marketing & Alliances, ATM, and Micro
Market Strategy, per the KMB statement. Before ICICI Bank, he headed distribution for ICICI
Prudential Life Insurance.
• The National Bank for Agriculture and Rural Development (NABARD)held a prelaunch
stakeholder meeting to announce the 'Agri-SURE' fund,an Agri Fund for Start-Ups & Rural
Enterprises.The fund is announced by NABVENTURES, a subsidiary of NABARD with an
initial corpus of Rs750 Crore with 250 crores each from NABARD and the Ministry of
Agriculture, and 250 crores from other ins.
• The event took place in Mumbai was graced by Shri AK Sahu, Joint Secretary, Department of
Agriculture & Farmers Welfare, Shri Shaji K.V., Chairman, NABARD, Shri Goverdhan Singh
Rawat, DMD, NABARD, and Dr. Ajay Kumar Sood, DMD, NABARD, aims to promote
investment in innovative, technology-driven, high-risk, and high-impact activities in agriculture
and allied areas.
• Managed by NABVENTURES, a wholly-owned subsidiary of NABARD, the fund is structured
to support approximately 85 agri start-ups with investment sizes of up to Rs25 crore each by the
end of its term. The fund will provide support through investments in sector-specific, sector-
agnostic, and debt Alternative Investment Funds (AIFs), as well as direct equity support to
start-up.
40. Barclays predicts RBI rate hold until December; potential cut expected in this year's final
month
• With Consumer Price Index (CPI)-based inflation back at over 5 percent to touch 5.1 percent in
June 2024, Barclays Research expects the Reserve Bank of India (RBI) to stay hawkish and go
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in for the first interest rate cut in December only. Higher than-expected seasonal increase in
vegetable prices pulled CPI Inflation to 5.08 percent in June 2024.
• For the entire 2024-25, Barclays Research expects inflation to average 4.3 percent (RBI: 4.5
percent).
• Barclays Research sees CPI inflation for July 2024 coming in at 3 percent year-on-year, driven
lower in part by a high base.
41. Arka Fincap signs co-lending partnership with Central Bank of India for MSME loans.
• Arka Fincap Limited, an NBFC and part of the Kirloskar Group, has a co-lending agreement
with the Central Bank of India. With this agreement, Arka will be able to offer loans to MSMEs
at affordable rates, expand their presence across India, and continue to provide ease and a great
experience to their clients.
• As part of the agreement, Arka would originate and process loan proposals in the MSME sector
using collaboratively developed credit parameters and eligibility criteria, while the Central
Bank of India will accept 80% of MSME loans on mutually agreed-upon terms. Arka will
service the accounts during the loan's life cycle.
42. TechFini Secures NPCI Certification for Facilitating UPI-Based Payment Solutions to
Banks, FIs and Fintechs.
• TechFini, a Mumbai-based fintech startup, has completed certification from NPCI to facilitate
UPI-based payment solutions to Banks, Financial Institutions, and Fintech. The Fintech
company has also been approved for UPI Unified Dispute and Issue Resolution (UDIR).
• The addition of UDIR makes the startup one of the few platforms that supports this capability,
which will be a game changer in addressing the intricacies of conflict resolution. The Unified
Payments Interface (UPI)-based transactions hit Rs 20070.81 billion in June, up 49% year on
year (YoY), according to data provided by the National Payments Corporation of India.
• The transaction volume in June amounted at Rs. 13885.14 million. In light of this environment,
the startup's ability to facilitate the NPCI-led UDIR and give UPI users a platform to easily
address their disputes is a significant breakthrough.The NPCI certifications authenticate
TechFini's dedication to payment technology innovation and provide authentication to its
clients.
• In a strategic move to enhance bancassurance and pursue its mission to provide life insurance
coverage to all by 2047, the Life Insurance Corporation of India (LIC) has entered into a
Corporate Agency Arrangement with IDFC First Bank Ltd., one of the country's most
technologically advanced and promising banks.
• R Dorai Swamy, Managing Director, LIC, highlighted the significance of this partnership,
emphasizing that it will offer IDFC First Bank's digitally savvy customers a broad range of
LIC's attractive insurance products. This collaboration will benefit over 1 crore customers of
IDFC First Bank, who will now have the convenience of purchasing LIC policies through the
bank.
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• The combined strengths of LIC's vast network, comprising more than 3,600 branches and
satellite offices, and IDFC First Bank's over 1,000 branches, will significantly enhance life
insurance penetration across the country. This collaboration is a significant step towards
achieving the goal of providing life insurance protection to all by 2047.
• The Reserve Bank of India (RBI) has, by an order imposed a monetary penalty of Rs. 25,000/-,
on Sivagangai District Central Co-operative Bank Limited, Sivagangai, Tamil Nadu (the bank)
for non-compliance with the directions issued by the National Bank for Agriculture and Rural
Development on Rs. Frauds- Guidelines for for Classification, Reporting and Monitoring.
• The Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary
penalty of Rs. 1.00 lakh (Rupees One lakh only) on Abasaheb Patil Rendal Sahakari Bank
Limited, Rendal, Maharashtra (the bank) for non-compliance with the specific directions issued
by RBI under Supervisory Action Framework (SAF).
• The Reserve Bank of India (RBI) has, by an order dated July 04, 2024, imposed a monetary
penalty of Rs. 2.00 lakh (Rupees Two lakh only) on Nagarik Sahakari Bank Limited, Bhiwandi,
Maharashtra (the bank) for non-compliance with the directions issued by RBI on Maintenance
of Deposit Accounts Primary (Urban) Co-operative Banks.
• These penalties have been imposed in the exercise of powers vested in RBI, conferred under
section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
45. Reserve Bank of India issues Revised Master Directions on Fraud Risk Management in the
Regulated Entities.
• The Reserve Bank of India has, issued three revised Master Directions on Fraud Risk
Management for the Regulated Entities viz. (i) Commercial Banks (including Regional Rural
Banks) and All India Financial Institutions; (ii) Cooperative Banks (Urban Cooperative Banks /
State Cooperative Banks / Central Cooperative Banks); and (iii) Non-Banking Finance
Companies (including Housing Finance Companies). These Master Directions have been
prepared based on a comprehensive review of the earlier Master Directions, Circular, and
emerging issues. These master Directions are principle-based and strengthen the role of the
Board in overall governance and oversight of fraud risk management in the REs.
• These Directions also emphasise the need for instituting robust internal audit and controls
framework in the Regulated Entities (REs). These Directions have now been made applicable to
Regional Rural Banks, Rural Cooperative Banks, and Housing Finance Companies as well,
with the intent of promoting better fraud risk management systems and frameworks in such
REs.
46. RBI forms panel to review fee structure for white-label ATMs.
• The Reserve Bank of India (RBI) has set up a committee to review the fee structure for white-
label ATMs (WLAs). This committee will evaluate current policies and practices, aiming to
recommend a fair and sustainable model that balances the interests of all stakeholders. An
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assessment will be done on fee structure, existing ATM infrastructure and international best
practices
• The committee will submit its report to deputy governor T Rabi Sankar. As per industry
estimates, India. s ATM market is expected to grow at a CAGR of 9.2% from 2024 to 2032.
The committee, headed by Indian Banks. Association chief executive Sunil Mehta, has
representation from the National Payments Corporation of India (NPCI), and leading banks and
other stakeholders, including ATM manufacturers. At present, four authorised non-bank entities
are operating white-label ATMs in the country. The biggest challenge is the interchange fee,
which is currently the same for both bank-operated ATMs and WLAs," said an industry
executive.
• Adding that with increased digital banking, the transactions at ATMs have declined, which is
making operations unsustainable. "Besides, most WLAs operate in rural areas where
transactions are low as compared with urban areas," he added. The interchange fee is around
Rs. 17 for a financial transaction and Rs. 6 for a non-financial transaction.
• Adding that with increased digital banking, the transactions at ATMs have declined, which is
making operations unsustainable. "Besides, most WLAs operate in rural areas where
transactions are low as compared with urban areas," he added. The interchange fee is around
Rs. 17 for a financial transaction and Rs. 6 for a non-financial transaction.
• Earlier, WLAOs had suggested a revision of the interchange fee for financial transactions to up
to Rs. 30 and for non-financial transactions to Rs. 10. An RBI committee was set up in 2019 to
review the ATM interchange fee structure and customer ATM usage charges at stipulated
intervals by RBI.
47. NRI deposits see $3 billion inflows in April-May FY25, shows RBI data.
• Overseas Indians deposited close to $3 billion in non-resident Indian (NRI) deposit schemes in
April-May FY25, which is over four times higher than the amount deposited in these schemes
in the same period last year, data released by the Reserve Bank of India (RBI) showed.
• In April-May FY25, inflows into the NRI schemes stood at $2.72 billion, compared to $623
million during the same period a year ago. With this, the total outstanding NRI deposits as of
May stood at $154.72 billion. In May alone, inflows into various NRI schemes stood at $1.7
billion compared to $1.07 billion in April, according to the data.
• The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident
external (NRE) deposits, and non-resident ordinary (NRO) deposits. During the April. May
FY25 period, maximum flows came into NRE deposits.
• Acc. to RBI data, NRE deposits witnessed an inflow of $1.13 billion during this period,
compared to an outflow of $10 million in the corresponding period a year ago. The total
outstanding NRE deposits now stand at close to $100 billion. Meanwhile, over $1.10 billion
came FCNR deposits compared to $524 million in the corresponding period a year ago, the
total $26.8 billion.
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• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,90,000/- (Rupees
One Lakh Ninety Thousand only) on Muthoot Finance Limited (the company) for non-
compliance with certain provision of Rs. Know Your Customer (KYC) Directions, 2016, issued
by RBI.
• This penalty has been imposed in the exercise of powers conferred on RBI under the provisions
of clause (b) of sub-section (1) of section 58G read with clause (aa) of sub-section (5) of section
58B of the Reserve Bank of India Act, 1934.
49. TATA AIG Partners with Mahindra Finance to Expand Distribution of Non-Life Insurance
Products.
• TATA AIG, a significant general insurance company in India, has established a strategic
relationship with Mahindra Finance, one of the countrys top non-banking finance companies.
This agreement intends to increase the distribution of TATA AIG’s. s non-life insurance
products to Mahindra Finances large client base.
• Under this agreement, TATA AIG will provide over 10 million Mahindra Finance customers
with a broad variety of general insurance products, including vehicle, health, personal injury,
and other non-life insurance options. The alliance aims to provide customer-centric insurance
products that serve the unique needs of people and families across many areas.
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50. Fusion Micro Finance Ltd Changes Their Name to Fusion Finance Ltd.
• Fusion Micro Finance Ltd, one of India. s major NBFC-MFIs, has announced a name change to
Fusion Finance Limited, starting July 9, 2024. Fusion, founded in 2010, is a prominent player
in India. s developing microfinance market, having an asset under management (AUM) of INR
11,476 crores as of March 31, 2024. Fusion Finance operates in 453 districts in 22 states.
• The Reserve Bank of India (RBl) has, the order imposed a monetary penalty of Rs. 2.50 lakh
(Rupees Two lakh Fifty thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Chhattarpur,
Madhya Pradesh (the bank), for contravention of the provisions of section 26A read with
section 56 of the Banking Regulation Act, 1949 (BR Act).
• The Reserve Bank of India (RBl) order, imposed a monetary penalty of Rs. 2.50 lakh (Rupees
Two lakh Fifty thousand only) on Pusad Urban Co-operative Bank Ltd., Pusad, Maharashtra
(the bank), for contravention of specific directions issued by RBI under Supervisory Action
Framework (SAF) for Primary (Urban) Co-operative Banks (UCBs)Rs. .
• The Reserve Bank of India (RBI) has, by an order dated July 03, 2024, imposed a monetary
penalty of Rs. 5,93,30,000/- (Rupees Five Crore Ninety-Three Lakh and Thirty Thousand only)
on The Mehsana Urban Co-operative Bank Ltd., Gujarat (the bank), for non-compliance with
certain directions issued by RBI on Rs. Loans and advances to directors and their relatives, and
firms/concern.
• These penalties have been imposed in the exercise of powers conferred on RBI under
provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation
Act, 1949.
52. Reserve Bank of India cancels the licence of Uravakonda Co-operative Town Bank Ltd.,
Uravakonda (Anantapur District), AP.
• The Reserve Bank of India (RBI), has cancelled the licence of Uravakonda Co-operative Town
Bank Ltd., Uravakonda (Anantapur District), Andhra Pradesh. Consequently, the bank ceases to
carry on banking business, with effect from the close of business on July 20, 2024. The Reserve
Bank cancelled the licence of the bank as: The bank does not have adequate capital and
earnings.
• The bank has failed to comply with the requirements of Sections 22(3) (a), 22(3) (b), 22(3)(c),
22(3) (d) and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949. The
continuance of the bank is prejudicial to the interests of its depositors. The bank with its present
financial position would be unable to pay its present depositors in full.
• Consequent to the cancellation of its licence, Uravakonda Co-operative Town Bank Ltd.,
Uravakonda, Andhra Pradesh is prohibited from conducting the business of ‘Banking’ which
includes, among other things, acceptance of deposits and repayment of deposits as defined in
Section 5 (b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.
• On liquidation, every depositor would be entitled to receive deposit insurance claim amount of
his/her deposits up to a monetary ceiling of Rs. 5,00,000/- from Deposit Insurance and Credit
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Guarantee Corporation (DICGC) subject to the provisions of the DICGC Act, 1961. As per the
data submitted by the bank, 99.95% of the depositors are entitled to receive the full amount.
53. RBI imposes monetary penalty on The Yashwant Co-operative Bank Limited, Satara,
Maharashtra.
• The Reserve Bank of India (RBI) has, imposed a monetary penalty of Rs.5.00 lakh (Rupees
Five lakh only) on The Yashwant Co-operative Bank Limited, Satara, Maharashtra (the bank)
for contravention of the provisions of section 26 A read with section 56 of the Banking
Regulation Act, 1949 (BR Act).
• Non-compliance with certain directions issued by RBI on Rs. Income Recognition, Asset
Classification, Provisioning and Other Related Matters- UCBs, Rs. Exposure Norms and
Statutory / Other Restrictions - UCBs , Rs. Know Your Customer (KYC) norms’s and
‘Maintenance of Deposit Accounts Primary (Urban) Co-operative Bank’s .
• This penalty has been imposed in exercise of powers vested in RBI, conferred under section
47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
54. Paytm partners with Axis Bank to offer POS solutions, card payment devices.
• Fintech firm One 97 Communications, which owns the brand Paytm, has partnered with Axis
Bank to provide point of sales solutions and card payment machines to banks and its merchant
network, the company said. Through this partnership, Paytm expects its technology to reach a
wider merchant base via Axis Bank, thereby enhancing the capabilities of both entities.
• Paytm’s EDC devices offer store management services like inventory management and CRM.
The partnership aims to enhance transaction efficiency, store management, and customer
engagement, benefiting both companies. Axis Bank sees this collaboration as a way to expand
its merchant-acquiring portfolio and offer more payment solutions.
• The Bank of Baroda has launched a Generative AI-powered virtual relationship manager
(VRM), a first-of-its-kind initiative in the Indian banking sector. The AI-powered VRM
provides real-time information about the bank’s products and services. It also captures customer
requirements for specific banking services.
• The VRM communicates in multiple languages and is accessible through video, audio, and chat
interfaces. It assist customers with everyday basic banking services, including account
statements, chequebook requests, debit card requests, interest certificates, and more. This
virtual VRM will be released in phases.
• The bank has also announced other technology-led initiatives On the Bank’s 117th Foundation
Day, including a credit line on UPI for enhancing payments and banking experience for
customers. Initially, this feature will be available to Baroda Kisan Credit Card (BKCC) holders.
With this facility, BKCC customers can effortlessly access a pre-approved credit line via UPI.
• They can link their KCC account to UPI and use the credit line for specific merchant payments.
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56. SIDBI to build $1 b fund for green financing with $215 m from GCF.
• The Small Industries Development Bank of India (SIDBI), which received approval of funding
of $ 215.6 m from the Green Climate Fund, will create a corpus of $1 billion for Rs. financing
mitigation and adaptation projectsRs. (FMAP) of Medium and Small Enterprises (MSMEs).
• The board of the Green Climate Fund, which is an entity set up by the United Nations
Framework Convention on Climate Change (UNFCCC), approved a $200 million loan and
$15.6 million grant for capacity building to SIDBI. A press release issued by SIDBI says that
the FMAP facility would provide Rs. nearly 10,000 concessional loans to MSMEs,
• To promote low-emission, climate-resilient technologies. The FMAP programme is expected to
result in a reduction in greenhouse gas emissions to the tune of 35.3 million tonnes. Adaptation
activities would lead to substantial water saving’s and building resilience in vulnerable
communities, benefiting more than 10.8 million beneficiaries, it says.
• The Green Climate Fund (GCF), according to its website, is the world’ s largest dedicated
climate fund’s. It is an operating entity of the financial mechanism of the United Nations
Framework Convention on Climate Change (UNFCCC). The loan to SIDBI is part of funding
approvals worth $1 billion for 17 projects in 35 developing countries.
57. RBI sells $406 million in Indian Bonds as Index Inclusion boosts inflows.
• India’s central bank sold Rs. 34 billion ($406 million) of bonds in the secondary market, likely
to absorb excess cash in the banking system resulting from inflows into the nation’s debt after
being included in a global index, according to a Bloomberg report. India’s banking system
liquidity has shifted to a surplus after being in deficit for most of the year, due to government
spending post-elections and the central bank’s actions. Excess liquidity that banks deposit with
the central bank stood at 1.4 trillion rupees, according to a Bloomberg Economics index. India
became the 25th market to be included in the index since its inception in June 2005.
• This inclusion is expected to attract global inflows of $20 billion to $25 billion into the Indian
bond market. Market traders are eagerly anticipating the federal budget on Tuesday to assess
the government’s borrowing strategy for the fiscal year. The government plans to borrow 14.1
trillion rupees through bonds in the financial year that commenced on April 1.
• The Asian Development Bank (ADB) has approved a $200 million loan to expand metro rail
corridors and improve transport connectivity in Nagpur, India. The Nagpur Metro Urban
Mobility Project will improve transport connectivity within and to Nagpur’s new and growing
urban areas. The project will finance the extension of four metro rail corridors in Nagpur.
• These are from Automotive Square to Kanhan, Prajapati Nagar to Transport Nagar, Khapri to
Maharashtra Industrial Development Corporation ESR, and Lokmanya Nagar to Hingna. The
project will construct 43.8 kilometers of elevated metro rail corridors with 32 stations.
• The metro stations will be equipped with modern safety and security technology, and designed
to meet the needs of women, students, and people with disabilities. ADB will support the
Maharashtra Metro Rail Corporation Limited (Maha Metro) improve the connection of the
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metro rail stations to the city’s transport services such as buses, e-rickshaws, e-scooters, and
bicycles.
• The project will help the Maha Metro develop a 5-year institutional action plan, including a
gender equality and social inclusion-responsive workplace strategy; improve its digital project
management platform; and train staff on metro planning and management.
59. Cashfree Payments gets payment aggregator-cross border licence from RBI.
• Cashfree Payments, a company specialising in banking solutions and payments, received the
Reserve Bank of India’s (RBI) nod to operate as a payment aggregator-cross border (PA-CB)
nearly a year after the banking regulator issued a circular on the regulation of such entities. The
Bengaluru-based company is one of the first non-banks to receive the PA-CB licence.
• PAs-CB are entities that facilitate cross-border payment transactions for the import and export
of permissible goods and services in the online mode. The RBI categorises PA-CBs as Export
only PA-CB (PA-CB-E), Import only PA-CB (PA-CB-I), and Export and Import PA-CB (PA-
CB-E&I). Cashfree Payments has received approval to operate as a PA-CB-E&I
60. IndusInd Bank collaborates with Inspire Institute of Sport to launch Wrestle for Glory’s .
• IndusInd Bank has announced the launch of ‘Wrestle for Glory’s program, a CSR initiative of
the Bank, continuing the longstanding collaboration with the Inspire Institute of Sport (IIS), a
high-performance Olympic training facility headquartered in Vijayanagar, Bellary. This
program aims to empower 50 talented female wrestling athletes from across the country,
• And provide them with coaching at the esteemed IIS facility on fully-funded scholarships.
Through its CSR initiatives focused on sports programs, the Bank prioritizes both inclusivity
and sporting excellence and emphasizes the participation of individuals from diverse
backgrounds, including different genders, persons with disabilities, and underprivileged
communities.
• Under the Wrestle for Glory’s CSR program, female wrestlers will benefit with access
to top-tier training facilities, expert coaching, comprehensive sports science resources,
cutting-edge equipment, nutritional support, educational assistance, and a supportive
ecosystem essential for nurturing their potential and propelling them towards success
on the global stage.
• Mr. Sanjeev Anand, Head Corporate, Commercial, and Rural Banking, and In-Charge
of ‘IndusInd For Sport’s. , IndusInd Bank. The ‘Wrestle for Glory’s program has been
launched as a part of the IndusInd For Sport’s. initiative, a non-banking sports vertical
of the Bank, established in 2016.
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• The Reserve Bank of India (RBI) prescribed a Prompt Corrective Action (PCA) framework for
relatively weak urban co-operative banks (UCBs), with deposits above Rs. 100 crores (upper
tier category), to nurse them back to health.
• As per the framework, a financially unsound and ill-managed UCB can be brought under PCA
if it breaches the risk thresholds of identified indicators pertaining to capital and profitability
(net profit).
• The provisions of the PCA Framework will be effective from April 1, 2025.
• Currently, there are around 1,500 UCBs in the country. RBI classifies UCBs as Tier-I (deposits
up to Rs. 100 crore); Tier-2 (more than Rs. 100 crore and up to Rs. 1,000 crore); Tier-3
(deposits more than Rs. 1,000 crore and up to Rs. 10,000 crore); and Tier-4 (above Rs. 10,000
crore). Tiers 2 to 4 come under the upper Tier.
63. Report on Currency and Finance (RCF) for the year 2023-24.
• The Reserve Bank of India released the Report on Currency and Finance (RCF) for the year
2023-24. The theme of the Report is ‘India’s Digital Revolution’s. The Report reflects the
views of the contributors and not of the Reserve Bank. Highlights- Digital technologies are
unlocking opportunities in financial inclusion, fiscal transfers, and cross-border trade and
remittances.
• India is at the forefront of the digital revolution, leveraging on its digital public infrastructure, a
vibrant financial technology (FinTech) ecosystem, and a conducive policy environment to
emerge as the fastest-growing digital economy in the world.
• Taking stock of India’s digital journey so far, the report explores emerging opportunities and
challenges, supported by surveys of key stakeholders and data analytics.
• The Report finds empirical support for a positive role of the regulatory framework in increasing
the confidence of consumers in digital financial products, boosting operating,
• And technical efficiencies of financial institutions and engendering more liquid and integrated
financial markets.
• Digital technologies also present challenges related to cybersecurity, data privacy, vendor and
third-party risks, customer protection, upskilling and reskilling of human resources, complex
financial products and business models.
• The Reserve Bank of India (RBI) has imposed monetary penalties on the following two
Payment System Operators (PSOs) for non-compliance with certain provisions of the Master
Direction Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated
from time to time).
• Manappuram Finance Limited on July 16, 2024 of Rs. 41.50 Lakh.
• Ola Financial Services Pvt. Ltd. on July 16, 2024, of Rs.33.40 lakh.
• Compounding Orders were also issued to two PSOs i.e. Ola Financial Services Pvt. Ltd. and
Visa Worldwide Pte. Limited, for contravention of certain provisions contained in the Master
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Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (as updated from
time to time), and Card Not Present transactions Rs. Relaxation in Additional Factor of
Authentication for payments up to Rs. 2000/- for card network provided authentication
solutions dated December 06, 2016, respectively.
• Ola Financial Services Pvt. Ltd. on July 05, 2024 of Rs. 54.15 Lakh
• Visa Worldwide Pte. Limited on July 16, 2024 of Rs.240.75 Lakh.
• The above actions have been taken in exercise of powers vested in RBI under the provisions of
Section 30 and Section 31 of the Payment and Settlement Systems Act, 2007 and are based on
deficiencies in regulatory compliance and are not intended to pronounce upon the validity of
any transaction or agreement entered into by the entity with its customers.
65. Five entities enter test phase for 5th cohort of RBI's regulatory sandbox.
• The Reserve Bank of India (RBI) announced five entities were selected for the test phase of the
regulatory sandbox's theme-neutral fifth cohort that it had announced in October last year. The
banking regulator received 22 applications for this cohort of the regulatory sandbox.
• The selected entities include companies such as Connectingdot Consultancy, Epifi
Technologies, Finagg Technologies, Indian Banks' Digital Infrastructure Company (IBDIC),
and Signzy Technologies. These firms offer services such as categorisation of risks in loan
portfolios, digital opening of accounts for Non-Resident Indians (NRIs) through video Know
Your Customer (KYC),
• MSME financing, and unassisted video KYC, among others. A regulatory sandbox refers to the
live testing of new products or services in a controlled regulatory environment for which
regulators may or may not permit certain relaxations for the limited purpose of testing. It
enables the regulator, financial service providers, and customers to conduct field tests,
• And collect evidence on the benefits and challenges of new financial innovations while
monitoring and containing their risks. The sandbox may run a few cohorts (end-to-end sandbox
process), with a limited number of entities in each cohort testing their products during a
stipulated period, according to the Enabling Framework for Regulatory Sandbox.
• HSBC Mutual Fund has launched an audio-video campaign titled Apne #SIPKoDoPromotion, a
one of its kind digital campaign to educate investors on SIP top-up. The campaign aims to
create awareness and educate investors about SIP top-ups and the role it play in their long-term
wealth creation.
• It uses real-life situations to nudge investors to opt for a top-up plan to meet their long-term
wealth creation goals and align it with their evolving goals, lifestyle, expenses, and dreams. The
campaign is a series of three short films of 30 seconds each, to encourage investors to increase
their SIP by a fixed amount or percentage, at predefined intervals.
67. ADB to give $200 mn loan to India for solid waste management in 100 cities.
• Asian Development Bank and the Government of India recently signed a $ 200 million (about
Rs 1,700 crore) loan to improve solid waste management and sanitation in 100 cities across
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eight states in the country. The signatories to the loan agreement for the Swachh Bharat
Mission 2.0 -Comprehensive Municipal Waste Management in Indian Cities Program were Juhi
Mukherjee,
• Joint Secretary, Finance Ministry, and Mio Oka, Country Director for Asian Development Bank
(ADB) - India Resident Mission, the Manila-based multilateral funding agency. The
programme will build urban local bodies' capacity for waste management and sanitation,
encourage peer-to-peer learning, and proactively engage with the private sector.
• Markets regulator Sebi on launched a chatbot, 'SEVA', an Artificial Intelligence (AI) based
conversation platform, for investors. The Beta version of chatbot SEVA (Sebi's Virtual
Assistant) includes features like citations for generated responses, speech-to-text and text-to-
speech functionality for accessibility, and follow-up questions, among others, the regulator.
• The chatbot is presently enabled to answer questions relating to general information on the
securities market, the latest master circulars, grievance redressal process, etc.
69. ICICI Lombard and Karnataka Bank Join Forces for Insurance Tie-Up.
• ICICI Lombard, India's leading private General Insurance Company, announces its
collaboration with Karnataka Bank Limited, an esteemed 'A' Class Scheduled Commercial
Bank in India, to introduce a dynamic Bancassurance tie-up.
• This alliance aims to grant Karnataka Bank's diverse clientele access to ICICI Lombard's
extensive insurance portfolio, thereby enhancing penetration and reinforcing financial security
across India. With Karnataka Bank's expanding network and ICICI Lombard's innovative, agile,
and digital solutions, this partnership seeks to elevate the bank's offerings significantly.
• The entire range of insurance products will now be accessible across Karnataka Bank's 915
branches, reaching over 13 million customers nationwide. These customer-centric solutions aim
to provide long-term financial security, underscoring both entities' commitment to excellence
through innovation and reliability.
• The Insurance Regulatory and Development Authority of India (IRDAI) had in 2022 widely
opened the bancassurance channel for insurers as part of its overarching effort to increase
insurance penetration in the country and achieve the long-term goal of 'insurance for all' by
2047, when the country will celebrate its golden jubilee of independence.
70. NIIT IFBI launches 'ACE Banker Program' in collaboration with HDFC Bank.
• NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT, announced
the launch of the ACE Banker Program in collaboration with HDFC Bank. A key component of
NIIT's Talent Pipeline as a Service (TPaaS) initiative, this programme aims to recruit and train
customer service professionals for HDFC Bank.
• The ACE Banker Program is designed to address the evolving needs of the banking sector by
equipping participants with the essential skills and knowledge required to excel in customer
service roles at HDFC Bank. This comprehensive full-time program includes 45 days of
residential training at NIIT University's Campus.
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• Upon completion of the course, candidates will receive a joint certificate from HDFC Bank and
NIIT and would be offered jobs, subject to the terms and conditions of the Program.
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Economy
1. World Bank Approves 2nd Round Of 1.5 Billion Dollars In Financing To Help India
Accelerate Development Of Low-Carbon Energy
• The WB has approved a second round of 1.5 billion dollars in financing to help India accelerate
the development of low-carbon energy. The financing is extended to promote a market for
green hydrogen, electrolysers, and increased renewable energy penetration. In June 2023, the
WB approved the $1.5 billion for the First Low-Carbon Energy Programmatic Development
Policy investment
• India’s core sector grew by 6.3 per cent in May, this year as compared to the same period last
year. According to the data released by the ministry of commerce and industry today,
production of Electricity, Coal, Steel, Natural Gas and Refinery Products recorded positive
growth in May 2024.
• However, the growth of the eight core sectors mildly slowed down on a Month-on-
Month basis, as the April this year growth was at 6.7 per cent. In May this year, Coal
production increased by 10.2 per cent, Electricity generation increased by 12.8 %,
Natural Gas production surges by 7.5 per cent, Petroleum Refinery production
exhibited a marginal uptick by 0.5 % over May, 2023.
3. India received $120 billion in remittances in 2023, most from US: World Bank
• India received $120 billion in remittances in 2023, which is almost twice as $66 billion
received by Mexico during the same period, the World Bank said in a report. China ($50
billion), the Philippines ($39 billion), and Pakistan ($27 billion) figure in top five countries’
list of remittances recipients as released by the World Bank.
• Mauritius, once among the leading destinations for foreign portfolio investors routing funds
into India, has now slipped to the fifth position, behind Ireland, in terms of assets under custody
as of June 30. At the 4th position, Ireland boasted an AUC of Rs 4.41 trillion, slightly more
than Mauritius, which recorded an AUC of Rs 4.39 trillion by the end of June 2024, NSDL.
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• Legal experts and custodians said that though Mauritius has been preferred by FPIs for routing
funds to India, time taken for approval for new funds has risen significantly of late, leading to
delays in fund registrations. Overall, more than 780 FPIs are registered in Ireland compared to
595 in Mauritius, revealed NSDL data.
• Tata Power-led power distribution companies (Discoms) have invested Rs 4,245 crore in
infrastructure expansion and network upgrade in Odisha over the past 3-4 years, the company
said. The company operates four Discoms in joint ventures with the government of Odisha.
• These are TP Central Odisha Distribution (TPCODL), TP Western Odisha Distribution
(TPWODL),TP Southern Odisha Distribution (TPSODL), and TP Northern Odisha Distribution
Limited (TPNODL), collectively serving a customer base of over 9 million. The investment
includes Rs 1,232 crore through government-backed schemes, including laying 33 KV lines and
adding 30,230 distribution.
6. India’s foreign exchange reserves hit new record high of $657 billion
• IndiaRs. s foreign exchange reserves rose by $5.16 billion to hit a new all-time high of $657.16
billion in the week ended July 5, latest data by the Reserve Bank of India showed. The total
reserves rose on the back of an increase in foreign currency assets, which rose by $4.22 billion
during the week.
• Foreign portfolio investors infused Rs 8,484 crore in the debt market following the inclusion of
Indian bonds in JP Morgan’s Government Bond Index - Emerging Markets on June 28. On the
other hand, domestic equities witnessed Rs 15,352 crore worth of inflows during the same
period.
• India’s Wholesale Price Index (WPI)-based inflation rose for the fourth consecutive month in
June to a 16-month high of 3.36 percent from 2.61 percent in May, primarily on the back of an
adverse base effect and a sharp spike in food prices. Inflation in food prices stood at 10.87
percent during the month, according to data released by the Ministry of Commerce and
Industry.
• In June 2023, wholesale inflation had stood at -4.18 percent. Within food articles, pressure on
the factory gate prices majorly built up on account of acceleration in the prices of onion (93.35
percent), potato (66.37 percent), vegetables (38.76 percent), cereals (9.27 percent), fruits (10.14
percent) and wheat (6.25 percent).
• Meanwhile, even as the prices of pulses (21.64 percent) decelerated during the month, they
remained quite elevated. On the other hand, prices of protein-rich items like eggs & meat (-3.06
percent) and milk (3.37 percent) provided some relief during the month.
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8. Industrial activity is expected to gain support from domestic consumption in FY25: CRISIL
• Industrial activity in the current fiscal year is poised to gain support from domestic
consumption, with an anticipated improvement in private consumption, which had weakened to
4% last fiscal, according to a CRISIL report. The Index of Industrial Production increased by
5.9% year-on-year in May, up from 5.0% in April, reflecting a healthy surge in industrial
activity.
• The normalization of the monsoon in July and the increase in kharif sowing are expected to
boost agricultural output, which in turn, should ease food inflation and enhance discretionary
spending. This growth was primarily driven by higher outputs in manufacturing and electricity,
while mining output growth slowed slightly.
• The fiscal year is expected to see a continued boost in industrial activity from improving
domestic consumption. An above-normal monsoon is anticipated to enhance agricultural
incomes and help control food inflation. However, the urban economy might face challenges
due to tighter credit conditions.
• The Reserve Bank of India’s consumer confidence index indicates softening prospects for
urban consumption. GDP growth is expected to slow down to 6.8 percent this fiscal, compared
to 8.2 percent last year.
• The IIP grew by 5.9 percent year-on-year in May, up from 5.0 percent in April. Sequentially,
the index rose by 1.4 percent month-on-month after seasonal adjustments.
9. ADB keeps India’s GDP growth projection for FY25 unchanged at 7%.
• The Asian Development Bank (ADB) kept India’s gross domestic product (GDP) growth
projection for FY25 unchanged at 7 percent, citing robust expansion in the industrial sector and
strong demand in construction led by housing. For FY26, ADB maintained India’s GDP growth
projection at 7.2 percent, as stated in its April outlook.
• The International Monetary Fund on Tuesday raised India’s GDP growth projection for FY25
by 20 basis points to 7 percent in its update to the World Economic Outlook amid a boost in
private consumption, especially in rural areas. The Reserve Bank of India has projected the
economy will grow at 7.2 percent in FY25.
• The GDP expanded at 8.2 percent in FY24, higher than 7 percent recorded in
FY23, aided by a greater-than-expected expansion of 7.8 percent in the fourth
quarter, according to the provisional estimates released by the National Statistical
Office.
• ADB slightly raised its growth forecast for developing Asia and the Pacific for 2024
to 5 percent from a previous projection of 4.9 percent, as rising regional exports
complement resilient domestic demand. The growth outlook for 2025 is maintained
at 4.9 percent.
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10. IMF raises India’s GDP growth forecast by 20 basis points to 7% for FY25.
• The International Monetary Fund (IMF) raised its projection of growth in India’s gross
domestic product (GDP) for 2024-25 by 20 basis points to 7 per cent amid a boost in private
consumption, especially in rural areas. In 2025-26, the IMF expects growth to slow to 6.5 per
cent, the same as what was projected in its April World Economic Outlook.
• The IMF’s global growth projections are unchanged at 3.2 percent for calendar year
2024 and slightly higher at 3.3 percent in 2025.
• The multilateral organisation has predicted the global inflation rate to slow to 5.9
percent in 2024 from 6.7 percent last year, broadly on track for a soft landing.
11. Rs 6.22 lakh crore allocated to MoD, highest among Ministries, in Regular Union Budget
2024-25; 4.79% higher than FY 2023-24.
• In the Regular Union Budget of Financial Year (FY) 2024-25, the Ministry of Defence (MoD)
has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion), the highest among the
Ministries. While maintaining the allocation made to MoD during the interim budget, the
Government has made an additional allocation to the tune of Rs 400 crore on innovation in
defence,
• through the Acing Development of Innovative Technologies with iDEX (ADITI) scheme.
Through this scheme, MoD is engaging with start-ups/MSMEs and innovators to develop Def-
Tech solutions and supply the Indian military with innovative and indigenous technological
solutions.
• A grant of up to 50% of the Product Development Budget with an enhanced limit (Max) of Rs
25 crore per applicant will be awarded as per extant iDEX guidelines. The allocation is aimed
to promote Aatmanirbharta’s in defence technology & manufacturing and equipping the
Armed Forces with modern weapons/platforms along with the creation of job opportunities for
the youth.
• Modernisation of the forces at the centre- Budgetary allocation under capital head to the
Defence Forces for FY 2024-25 is Rs1.72 lakh crore, which is 20.33% higher than the actual
expenditure of FY 2022-23 and 9.40% more than the Revised Allocation of FY 2023-24.
• Strengthening domestic capacity- MoD has earmarked 75% of modernisation budget amounting
Rs 1,05,518.43 crore
• Enhanced allocation for sustenance & operational readiness- The Government has allocated Rs
92,088 crore during the current FY under this head, which is 48% higher than the budgetary
allocation of FY 2022-23.
• Ensuring better healthcare facilities for veterans- In the regular budget for FY 2024-25, Rs
6,968 crore has been allotted to ECHS which is 28% higher than the PY.
• The budgetary allocation to Border Roads Organisations (BRO) under capital for Budget
Estimates (BE) 2024-25 has been made as Rs 6,500 crore, which is 30% higher than the
allocation for FY 2023-24.The allocation to the Indian Coast Guard (ICG) for this FY 2024-25
is Rs 7,651.80 crore, which is 6.31% higher over the allocation of FY 2023-24.
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• Total budgetary allocation on account of defence pensions is Rs 1,41,205 crore which is 2.17%
higher than the allocation made during 2023-24.
• The Government has increased the allocation on innovation in defence through iDEX from Rs
115 crore during FY 2023-24 to Rs 518 crore in the current fiscal year, which will boost start-
ups/MSMEs/innovators.
12. PRIME MINISTER’S PACKAGE WORTH Rs. 2 LAKH CRORE CENTRAL OUTLAY
ANNOUNCED; EMPLOYMENT, SKILLING AND OTHER OPPORTUNITIES.
• In this Budget, we particularly focus on employment, skilling, MSMEs and the middle class’s,
stated Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while
presenting the Union Budget 2024-25 in Parliament.
• Taking forward the theme of the first full-year Budget of the newly elected government, the
Finance Minister announced the Prime Minister’s package of 5 schemes and initiatives. The
package aims to facilitate employment, skilling, and other opportunities for 4.1 crore youth
over a 5-year period with a central outlay of Rs. 2 lakh crores.
• Smt. Sitharaman stated that the government will implement the following three schemes for
Employment Linked Incentive, as part of the Prime Minister’s package. These will be based on
enrolment in the EPFO, and focus on recognition of first-time employees, and support to
employees and employers, Finance Minister added.
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• Scheme A: First Timers- This scheme, which is expected to benefit 2.1 crore youth over 2
years, will provide one-month wage to all persons newly entering the workforce in all formal
sectors. The eligibility limit will be a salary of Rs. 1 lakh per month. Direct benefit transfer of
one-month salary will be up to Rs. 15,000 in 3 installments to first-time employees, as EPFO.
• The employee, in turn, must undergo compulsory online financial literacy course before
claiming the second installment. Further, the subsidy would have to be refunded by the
employer if the employment to the first timer ends within 12 months of recruitment.
• Scheme B: Job Creation in Manufacturing - Aiming at substantial hiring of first time employees
in manufacturing, this scheme will incentivize additional employment in the sector, thereby is
expected to benefit 30 lakh youth entering employment and their employers. The subsidy would
have to be refunded by the employer if the employment to the first timer ends within 12 month.
• An incentive will be provided at a specified scale directly both to the employee and the
employer for their EPFO contribution in the first 4 years of employment.
• Scheme C: Support to Employers- This employer-focussed scheme will cover all additional
employment within a salary of Rs. 1 lakh per month in all sectors.
• New employees under this Part need not be new entrants to EPFO. The government will
reimburse employers up to Rs. 3,000 per month for 2 years towards their EPFO contribution for
each additional employee. The scheme is expected to incentivize additional employment of 50
lakh persons.
• The 4th scheme mentioned in the Budget Speech under the Prime Minister’s package is a new
centrally sponsored scheme, for skilling in collaboration with State governments and Industry.
The scheme, with a total outlay of Rs. 60,000 crore, aims at skilling 20 lakh youth over 5 years.
• To achieve this target, 1,000 Industrial Training Institutes (ITIs) will be upgraded in a hub and
spoke arrangements with outcome orientation. Further, the course content and design will be
aligned to the skill needs of the industry and new courses will be introduced for emerging
needs.
• Talking about 5th scheme under the Prime Minister’s package, the Finance Minister stated,
‘Our government will launch a comprehensive scheme for providing internship opportunities in
500 top companies to 1 crore youth in 5 years (participation of companies is voluntary). They
will gain exposure for 12 months to real-life business environment, and employment
opportunities.
• An internship allowance of Rs. 5,000 per month, along with a one-time assistance of Rs. 6,000
will be provided. Companies will be expected to bear the training cost and 10 percent of the
internship cost from their CSR funds, Smt. Sitharaman added. Youth aged between 21 and 24,
who are not employed and not engaged in full-time education, will be eligible to apply.
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• The Union Budget 2024-25 reaffirms its commitment to empowering citizens, especially the
poor and marginalized. Building on the foundation laid since 2014, this budget focuses on
strengthening the abilities of all Indians to seize opportunities in the journey towards a Rs.
Viksit Bharat’s (Developed India).
• This year’s budget demonstrates a strong resolve to boost employment, enhance skilling
initiatives, support MSMEs, and uplift the middle class. Furthermore, it also outlines nine key
priorities that encompass critical areas from agriculture to next-generation reforms. These
priorities reflect a holistic approach to development, ensuring that growth is inclusive and
sustainable.
• As India moves towards its goal of becoming a developed nation by 2047, Priority 3 of the
union budget focuses on "Inclusive Human Resource Development and Social Justice,"
outlining several key initiatives aimed at uplifting marginalized communities and promoting
balanced regional development.
• PM Vishwakarma: As of July 2024, the PM Vishwakarma Yojana continues to make
significant strides in uplifting artisans and craftspeople across India. A total of 5,03,161
candidates have been certified after completing basic training nationwide, with 46,726 artisans
certified specifically in Andhra Pradesh.
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• SVANidhi: The PM Street Vendor’s Atma Nirbha Nidhi (SVANidhi) scheme, launched on
June 1, 2020, is a pivotal central sector initiative aimed at supporting urban street vendors in
India and provides collateral-free working capital loans, initially upto 80,000, incentivizing
regular repayment with a 7% interest subsidy and offering cashback upto Rs. 1,200 per yr for
transection.
• It extends its benefits not only to urban areas but also to vendors from surrounding rural and
peri-urban areas, facilitating inclusive growth. The scheme utilizes Aadhaar-based e-KYC for
streamlined processes and employs an end-to-end IT platform with SMS-based notifications for
real-time application status updates.
• As of July 17, 2024[5], the PM SVANidhi scheme has disbursed more than 86 lakh loans,
totaling over Rs. 11,680 crores, benefiting nearly 65 lakh street vendors nationwide. Deendayal
Antyodaya Yojana- National Rural Livelihood Mission (DAY-NRLM)[6] aims to alleviate
rural poverty by organizing households into self-help groups (SHGs), facilitating access to
credit,
• Promoting skill development, and empowering women through sustainable livelihood
initiatives across India. Stand-Up India: Stand Up India Scheme was launched on April 05,
2016, to promote entrepreneurship at the grassroots level focusing on economic empowerment
and job creation. The scheme has been extended till 2025.
• Purvodaya: Development of the Eastern Region-Finance minister Nirmala Sitharaman
announced to formulation of a ‘Purvodaya’s plan, targeted at five states - Bihar, Jharkhand,
Odisha, West Bengal, and Andhra Pradesh. Purvodaya: Industrial node in Gaya and worth Rs.
21,400 crore power projects for development of Eastern India.
• Significant investments will be made in power projects, including a new 2400 MW power plant
at Pirpainti. Andhra Pradesh Reorganization-The government remains committed to fulfilling
the commitments made under the Andhra Pradesh Reorganization Act. Key initiatives include:
• Special financial support for capital development through multilateral development agencies
(Rs. 15,000 crore in the CFY)
• Polavaram Irrigation Project: Ensuring the timely completion of this vital project to support the
state’s farmers and enhance food security.
• Investments in infrastructure for Kopparthy node on the Visakhapatnam-Chennai Industrial
Corridor,
• Orvakal node on the Hyderabad-Bengaluru Industrial Corridor. Grants for backward regions of
Rayalaseema,Prakasam, and North Coastal Andhra. Special support of Rs. 15,000 crore for
Andhra Pradesh, new industrial nodes in Kopparthy and Orvakal.
• PM Awas Yojana:-The government has announced the construction of 3 crore additional
houses under the PM Awas Yojana rural and urban areas
• Women-Led Development- A significant allocation of over Rs. 3 lakh crore for schemes
benefiting women and girls underscores the government’s commitment to enhancing women’s
role in economic development.
• To improve the socio-economic conditions of tribal communities, the government will launch
the Pradhan Mantri Janjatiya Unnat Gram Abhiyan. This initiative will adopt:
• Saturation coverage for tribal families in tribal-majority villages and aspirational districts.
Coverage of 63,000 villages. Benefiting 5 crore tribal people. The budget proposes setting up
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more than 100 branches of India Post Payment Bank in the North-East region to expand
banking services which aims to provide accessible, affordable, and trusted banking services.
• This initiative supports the vision of a Digital India, promoting a less cash economy and
empowering citizens.
• The budget provides an allocation of Rs. 2.66 lakh crore for rural development, including rural
infrastructure projects. This allocation aims to enhance the quality of life in rural areas through
improved connectivity, healthcare, education, and economic opportunities.
14. Budget 2024: FM Sitharaman proposes to abolish angel tax for all investor class.
• Union Budget 2024-25: Finance Minister Nirmala Sitharaman proposed to abolish the angel tax
for all investor classes while presenting the Union Budget for 2024-25. There were expectations
that the removal of the angel tax for startups might be announced in the budget.
• The impact of this move is expected to be substantial, potentially adding 30 to 40% more
capital from angel investors into the startup ecosystem in the near term. Sitharaman also
proposed to thoroughly simplify the I-T provisions for reopening and reassessment to reduce
uncertainty and disputes.
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• While presenting the Union Budget 2024-25 in Parliament, the Union Minister for Finance and
Corporate Affairs, Smt. Nirmala Sitharaman said land-related reforms and actions, both in rural
and urban areas, will be incentivized for completion within the next 3 years through appropriate
fiscal support.
• Smt. Sitharaman elaborated that rural land-related actions will include the assignment of
Unique Land Parcel Identification Number (ULPIN) or Bhu-Aadhaar for all lands, digitization
of cadastral maps, survey of map sub-divisions as per current ownership, establishment of land
registry and linking to the farmers registry.
• These actions will also facilitate credit flow and other agricultural services. Regarding urban
land-related actions, the Finance Minister said that land records in urban areas will be digitized
with GIS mapping. An IT-based system for property record administration, updating, and tax
administration will be established.
• Our government will facilitate the development of investment-ready plug and play’s industrial
parks with complete infrastructure in or near 100 cities, in partnership with the states and
private sector, by better using town planning schemes. proposed the Union Minister for
Finance and Corporate Affairs, Smt. Nirmala Sitharaman in the Union Budget 2024-25.
• Towards fulfillment of the priority of Manufacturing & Services’. The Budget proposes that the
creation of Twelve industrial parks under the National Industrial Corridor Development
Programme will also be
• sanctioned. Prioritizing further the Manufacturing & Services’s sector, the Union Budget 2024-
25 proposes to set up a Critical Mineral Mission for domestic production,
• With a focus on offshore mining of minerals, the Union Finance Minister proposed to launch
the auction of the first tranche of offshore blocks for mining, building on the exploration
already carried out. Union Budget 2024-25 also proposes to facilitate the provision of a wide
array of services to labour, including those for employment and skilling.
• A comprehensive integration of e-shram portal with other portals will facilitate such one-stop
solution’s proposed the Finance Minister. Open architecture databases for the rapidly changing
labour market, skill requirements and available job roles, and a mechanism to connect job
aspirants with potential employers and skill providers will be covered in these services.
• Focusing on Next Gen Reform’s the Union Budget 2024-25 proposes to revamp
ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade,
with intent to strengthen them and step up their implementation for expediting our journey
towards the goal of Viksit Bharat.
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• As part of the detailed roadmap for the pursuit of Viksit Bharat’s and to generate ample
opportunities for all, the Union Budget 2024-25,tabled in Parliament by Union Minister for
Finance Smt. Nirmala Sitharaman envisages sustained efforts on the 9 priorities with a special
focus on ensuring ‘ ease of doing business’ and strengthening the Insolvency and Bankruptcy
ecosystem.
• For enhancing Ease of Doing Business’s, we are already working on the Jan Vishwas Bill 2.0. ,
the Union Minister of Finance announced, while proposing that states be incentivized for
implementation of their Business Reforms Action Plans and digitalization.
• The Finance Minister also proposed that an Integrated Technology Platform will be set up to
improve the outcomes under the Insolvency and Bankruptcy Code (IBC), thereby ensuring
consistency, transparency, timely processing, and better oversight for all stakeholders.
• Nirmala Sitharaman highlighted that IBC has resolved more than 1,000 companies, resulting in
direct recovery of over 3.3 lakh crore to creditors. Also, 28,000 cases involving over 10 lakh
crore have been disposed of, even before admission. She proposed the establishment of
additional tribunals out of which, some will be notified to decide cases exclusively under
Company act.
• The services of the Centre for Processing Accelerated Corporate Exit (C-PACE) have also been
proposed to be extended for voluntary closure of Limited Liability Partnerships (LLPs), thereby
reducing the closure time. It is also proposed that steps for reforming and strengthening debt
recovery tribunals be taken and additional tribunals be established to speed up the recovery.
18. Budget 2024-25: Govt announces loans up to Rs. 10 lakh for higher education in domestic
institutions.
• The government will provide financial support for loans up to Rs. 10 lakh for higher education
in domestic institutions, Union Finance Minister Nirmala Sitharaman announced. Presenting
the budget for 2024-25, she said e-vouchers for this purpose will be given directly to one lakh
students every year with interest subvention of 3 percent of the loan amount.
• Upgrading 1,000 Industrial Training Institutes (ITIs) in a hub and spoke model, aligning course
content with the skill needs of industry and revision of model skill loan scheme, are among the
measures announced by the Finance Minister for Skill Development sector. The Union Budget
for 2024-25 will provide Rs. 1.48 lakh crore for education, employment and skills in the
country.
• The model skill loan scheme will be revised to facilitate loans up to RS 7.5 lakh with a
guarantee from a government-promoted fund. This measure is expected to help 25,000 students
every year.
• Finance Minister Nirmala Sitharaman announced changes to the new income tax regime in her
Union Budget 2024 speech. These changes included new income tax slabs for FY 2024-25 and
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a hike in the standard deduction. The standard deduction was hiked from Rs 50,000 to Rs
75,000. Also, the tax slab limit for 5% tax rate was changed from Rs 5 lakh to Rs 7 lakh.
• New income tax regime tax slabs are:
• Up to Rs 3 lakh the tax is NIL
• From Rs 3 lakh to Rs 7 lakh the tax rate is 5%
• From Rs 7 lakh to Rs 10 lakh the tax rate is 10%
• From Rs 10 lakh to Rs 12 lakh the tax rate is 15%
• From Rs 12 lakh to Rs 15 lakh the tax rate is 20%
• Above Rs 15 lakh income the tax rate is 30%
• As a result of these proposals, revenue of about Rs 37,000 crore Rs 29,000 crore in direct
taxes and Rs 8,000 crore in indirect taxes will be forgone while revenue of about Rs
30,000 crore rupees will be additionally mobilized. Thus, the total revenue forgone is
about Rs 7,000 crore annually.
20. Record allocation of Rs. 2,62,200 Crore as Capex for FY 2024-25 for Railways in General
Budget.
• Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the
Union Budget 2024-25 in Parliament. For this FY 2024-25, the government has allocated
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record Capex to Rs. 2,62,200 Crores for Railways. The Gross Budgetary support is Rs 2,52,200
Crores for Railways during 2024-25.
• Earlier, the Gross Budgetary Support to Rs. 2,40,200 cr. in 2023-24 which was only Rs. 28,174
cr. in 2013-14. The result of an infusion of Capex is visible as IR has achieved an all-time high
freight loading of 1588 MT in FY 2023-24 up from 1095 MT in 2014-15 and Railway is
inching towards the goal of 3,000 MT by 2030.
• Railways have adopted a new approach to infrastructure development. Three Economic
Railway Corridors- Energy, Mineral, and Cement corridors (192 Projects); Port connectivity
corridors (42 Projects), and High Traffic Density corridors (200 Projects) have been identified
under the PM Gati Shakti Mission for enabling Multi-Modal connectivity.
• Capacity enhancement, decongestion of high-density networks, achieving a reduction in
logistics cost in the country, and enhancing Passenger experience and their Safety remain the
priority areas for the government. Railways have also achieved several milestones in
Infrastructure. In the past 10 years, Railways commissioned 31,180 track kms.
21. Rs. 11,11,111 CRORE ALLOCATED FOR CAPITAL EXPENDITURE IN BUDGET 2024-
25.
• The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman while presenting
the Budget 2024-25 in Parliament announced the provisioning of Rs. 11,11,111 crore for
capital expenditure. It will be 3.4 percent of country’s GDP. The Finance Minister said that the
Government will endeavour to maintain strong fiscal support for infrastructure over the next 5
years.
• To encourage the states to provide support of similar scale for infrastructure, Finance Minister
Smt Nirmala Sitharaman announced a provision of Rs. 1.5 lakh crore for long-term interest-
free loans this year. This will support the states in their resource allocation for infrastructure.
• To provide all-weather connectivity to 25,000 rural habitations which have become eligible in
view of their population increase, the Finance Minister proposed the launch of Phase IV of
Pradhan Mantri Gram Sadak Yojana (PMGSY). the Finance Minister announced the financial
support for projects with estimated cost of 11,500 crore such as the Kosi-Mechi intra-state link,
• And 20 other ongoing and new schemes including barrages, river pollution abatement, and
irrigation projects. In addition, she said, a survey and investigation of Kosi-related flood
mitigation and irrigation projects will be undertaken.
22. UNION BUDGET ANNOUNCES A VENTURE CAPITAL FUND OF Rs, 1,000 CRORE TO
EXPAND THE SPACE ECONOMY BY 5 TIMES IN THE NEXT 10 YEARS.
• While presenting the Union Budget 2024-2025 in the Parliament today, the Union Minister said
that the country has successfully used technology to improve productivity and bridge inequality
in the economy during the past 10 years and has announced several measures to step up the
adoption of technology towards digitalization of the economy.
• DATA AND STATISTICS- For improving data governance, collection, processing and
management of data and statistics, different sectoral databases, including those established
under the Digital India mission, will be utilized with active use of technology tools, the Union
Finance Minister announced.
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• MOBILE PHONE AND RELATED PARTS- The Finance Minister emphasized that with a
three-fold increase in domestic production and almost 100-fold jump in exports of mobile
phones over the last six years, the Indian mobile phone industry has matured. In the interest of
consumers, the budget proposes to reduce the Customs duty on mobile phones, mobile PCBA
and mobile charger to 15%.
• ELECTRONICS- The Finance Minister also said that to increase value addition in the domestic
electronics industry, the government proposes to remove the customs duty, subject to
conditions, on oxygen-free copper for the manufacture of resistors and to exempt certain parts
for the manufacture of connectors.
• TELECOMMUNICATION EQUIPMENT- To incentivise domestic manufacturing, the
Finance Minister also proposes to increase the Customs duty from 10 to 15 percent on PCBA of
specified telecom equipment.
• DIGITAL PUBLIC INFRASTRUCTURE (DPI) APPLICATIONS- Turning to the services
sector, the Finance Minister proposes development of DPI applications at a population scale for
productivity gains, business opportunities, and innovation by the private sector. These are
planned in the areas of credit, e-commerce, education, health, law and justice, logistics, MSME,
service delivery.
• The Finance Minister also said that with continued emphasis on expanding the space economy
by 5 times in the next 10 years, a venture capital fund of Rs. 1,000 crores will be set up.
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National
1. Three New Criminal Laws Come Into Force
• The 3 New Criminal Law Bharatiya Nyaya Sanhita, 2023, Bharatiya Nagarik Suraksha
Sanhita, 2023 and Bharatiya Sakshya Adhiniyam, 2023, come into force on 7 July. As the new
Criminal Laws laid emphasis on technology in investigation, trial and court proceedings,
National Crime Records Bureau (NCRB) has made 23 functional modifications in the existing
CCTNS application.
2. Shivraj Chouhan launches portal to speed up settlement of claims under Agriculture Infra
Fund
• Union Minister of Agriculture & Farmers’s Welfare Shivraj Singh Chouhan launched a web
portal to automate and speed up the process of settlement of interest subvention claims of banks
submitted under the Agriculture Infrastructure Fund (AIF).
• He said the newly launched automation of credit claims will ensure timely settlement of claims
within a day.
• The portal has been developed jointly by the Department of Agriculture and Farmers’s Welfare
and NABARD
• The Agriculture Infrastructure Fund scheme was launched by PM Modi in 2020, with the
objective of development of post-harvest management infrastructure for reducing losses,
realisation of better value to farmers, innovation in agriculture and attracting investments.
3. Dr. Jitendra Launches ISRO’s ‘Bhuvan Panchayat Portal’ for Rural Land Records
• Union Minister Dr. Jitendra Singh launched two Geoportals namely ‘Bhuvan Panchayat (Ver.
4.0) Portal’s for rural land records management and National Database for Emergency
Management (NDEM Ver. 5.0)’ developed by Indian Space research Organization (ISRO) .
• These latest geospatial tools are meant for visualisation and planning to provide high resolution
satellite imagery of 1:10K scale for different locations across the entire country.
• Union Minister of Coal and Mines, Shri G. Kishan Reddy inaugurated the DMF gallery in
Shastri Bhawan. Minister of State Shri Satish Chandra Dubey was also present and Showcasing
products of Self-Help Groups formed under District Mineral Foundation/Pradhan Mantri
Khanij Kshetra Kalyan Yojna & SHGs supported by Mining companies.
5. Coal Production from Captive and Commercial Coal Mines Register a Growth of 35% in
First Quarter of FY25.
• The Ministry of Coal has achieved a remarkable increase in coal production and dispatch from
captive and commercial coal blocks for the first quarter i.e. period of 1st April 2024 to 30th
June 2024 of the current financial year compared to the same period last year.
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• Production of Coal has increased by 35% YoY, from 29.26 MT in Q1 of FY24, to 39.53 MT in
Q1 of FY25.
• Similarly, Dispatch has shown a growth of 34.25% YoY, from 34.07 MT in Q1 of FY24 to
45.68 MT in Q1 of FY25.The primary goal of the Ministry is to significantly boost coal
production, ensuring a consistent and reliable supply to meet our nations’s escalating energy
needs.
• NITI Aayog is launching Sampoornata Abhiyan’s, a 3-month campaign from 4th July - 30th
September 2024, to undertake a sustained effort to achieve saturation of 6 key indicators in
Aspirational Districts and 6 key indicators in Aspirational Blocks across the country.
• Sampoornata Abhiyan’s seeks to achieve saturation in each of the 6 identified indicators in the
112 Aspirational Districts and 500 Aspirational Blocks under the Aspirational Districts
Programme and Aspirational Blocks Programme.
• NITI Aayog, in collaboration with the relevant Central Ministries and Departments, as well as
the Governments of States and Union Territories, will work together to ensure the effective and
rapid development of these Districts and Blocks. This collaboration will focus on improved
planning and implementation, capacity building, and establishing systems for service delivery.
• The government announced that the flagship Smart Cities Mission (SCM) in 100 cities will be
extended till March 2025.
• The government take this decision because of following requests from several states and urban
local bodies seeking time to complete the remainder of the projects.
• The government’s statement is 830 projects amounting to Rs. 19,926 crore, accounting for 10%
of the total projects under the mission, were in advanced stages of completion while 7,188
projects (90% of total projects) amounting to Rs. 1,44,237 crore had been completed.
• The union government has already released Rs. 46,585 crore (97% of the allocation) to 100
cities and 93% of the central funding has been utilised. A parliamentary standing committee
report in February 2024 also suggested that the government extend the smart cities mission to
ensure that the Centre helps cities that are falling behind.
8. Centre issues Scheme Guidelines for funding of testing facilities, under the National Green
Hydrogen Mission.
• The Government of India has issued a guidelines for funding of testing facilities, infrastructure,
and institutional support for development of Standards and Regulatory framework under the
National Green Hydrogen Mission. The Scheme Guidelines have been issued by the Ministry of
New & Renewable Energy (MNRE).
• he scheme will support identification of the gaps in the existing testing facilities for
components, technologies, and processes in the value chain of Green Hydrogen & its
derivatives. The Scheme will support creation of new testing facilities and upgradation of
existing Testing Facilities to ensure safe and secure operations.
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• The Scheme will be implemented with a total budgetary outlay of Rs. 200 Crores till the
financial year 2025-26.
• The National Institute of Solar Energy (NISE) will be the Scheme Implementation agency
(SIA).
• The scheme encompasses the development of robust quality and performance testing facilities
to ensure quality, sustainability, and safety in GH2 production and trade.
• The National Green Hydrogen Mission was launched on 4th January 2023, with an outlay of
Rs. 19,744 crores up to FY 2029-30. It will contribute to India’s goal to become Aatma Nirbhar
(self-reliant) through clean energy and serve as an inspiration for the global Clean Energy
Transition. The Mission will lead to significant decarbonization of the economy.
9. Divya Kala Mela & Shakti, India Celebrates Divyang Talent at KIIT Campus in
Bhubaneswar.
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celebrates the talents and craftsmanship of Divyang entrepreneurs and artisans from across the
nation.
• The fair Divya Kala Mela’s will showcase vibrant products crafted by over 190 Divyang
artisans, artists, and entrepreneurs. This event encourages the "Vocal for Local" initiative,
allowing visitors to purchase unique items made with immense determination by Divyang
artisans.
10. Department of Drinking Water and Sanitation joins forces with National STOP Diarrhoea
Campaign.
• The Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti, has joined
hands with the National STOP Diarrhoea Campaign, launched on 24th June 2024 by Union
Health Minister Shri J.P. Nadda alongside Union Ministers of State, senior officials Union
Government, various States/UTs and development partner representatives.
• Key focus areas include:
• Strengthening Health Infrastructure: Ensuring maintenance of health facilities and availability
of essential medical supplies (ORS, Zinc), especially in rural areas.
• Improving Access to Clean Water and Sanitation: Implementing quality control measures and
sustainable practices for safe drinking water and sanitation.
• .The National STOP Diarrhoea Campaign aims for zero child deaths from diarrhea.
• DDWS has launched an awareness campaign on Safe Water and Sanitation’s in rural areas
from 1st July to 31st August 2024, Swachh Gaon, Shudh Jal- Behtar Kal’s .This campaign is
designed to raise awareness and promote the use of safe water and sanitation practices at the
village and panchayat level
11. FSSAI approves proposal to display nutritional information labelling of total sugar, salt and
saturated fat in bold letters
• The FSSAI has approved a proposal to display nutritional information regarding Total Sugar,
Salt and Saturated Fat in bold letters and relatively increased font size on labels of packaged
food items. The amendment aims to empower consumers to better understand the nutritional
value of the product they are consuming and make healthier decisions.
• The decision to approve the amendment in the Food Safety and Standards (Labelling and
Display) Regulations, 2020 regarding Nutritional information labelling was taken in the 44th
meeting of the Food Authority, held under the chairmanship of Shri Apurva Chandra,
Chairperson, FSSAI.
12. Amit Shah inaugurates Amin PJKP Vidhyarthi Bhavan, SLiMS hospital in Ahmedabad.
• Union Home Minister and Minister of Cooperation Shri Amit Shah inaugurated the Amin PJKP
Vidhyarthi Bhavan in Ahmedabad, Gujarat. Many dignitaries including Gujarat Chief Minister
Shri Bhupendra Patel were present on the occasion. Shri Amit Shah also inaugurated the
modern multispecialty SLiMS Hospital in Ahmedabad.
• After the inauguration of Amin PJKP Vidhyarthi Bhavan, Amit Shah said that if an institution
has completed its 100 years of establishment, then it can be said that the institution enjoyed the
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support of the entire society, only then it has been able to complete 100 years, And1000
students will study in this Vidhyarthi Bhavan for higher education.
13. Union Minister Dr Jitendra Singh Launches Indo-French Liver And Metabolic Disease
Network.
• Union Science and Technology Minister Dr Jitendra Singh has said that there is an urgent need
to develop simple, low-cost diagnostic tests for the detection of different stages of fatty liver.
This network aims to address key issues related to a common metabolic liver disorder and non-
alcoholic fatty liver disease.
14. Govt makes ISI mark mandatory for stainless steel, aluminium utensils.
• The government has made it mandatory for stainless steel and aluminium kitchen utensils to
conform to national quality standards, the Bureau of Indian Standards (BIS). It aimed to
enhance consumer safety and product quality.
• The Department for Promotion of Industry and Internal Trade (DPIIT), under Ministry of
Commerce and Industry, issued a Quality Control Order, making the ISI mark compulsory for
these kitchen utensils .Indian Standards Institution (ISI) mark is developed by BIS, assuring of
product quality and safety.
• This development follows the BIS’. recent formulation of comprehensive standards for kitchen
items, including IS 14756:2022 for stainless steel and IS 1660:2024 for aluminium utensils.
This move will enhance consumer confidence and drive manufacturers towards adopting best
practices.
• In further strengthening the role of the Kiren Rijiju led Ministry of Minority Affairs the
government notified the latter as a nodal ministry instead of Ministry of External Affairs
(MEA) for the Haj Committee. Earlier, the work related to management of Haj pilgrimage,
including administration of the Haj Committee Act, 2002, and rules made thereunder was
handled by the MEA
16. India Ratings downgrades state-owned RINL’s term loans to default grade.
• India Ratings has downgraded the rating assigned to state-owned Rashtriya Ispat Nigam Ltd’s
(RINL) Bank Facilities from BB to RD on delay in the servicing of principal and interest
repayment of term loans to June 30, 2024. The instruments with D rating are in default or are
expected to be in default soon.
• Rating action reflects public sector company RINL’s delay in debt servicing of its term loans of
Rs 410.5 crore that was due up to 30 June 2024. This was consistent with Ind-Ras Default
Recognition and Post-Default Curing Period Policy. The regularisation was yet to be done as on
July 5, 2024, India Ratings said in a statement.
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• India’s first deepwater transshipment port, the Vizhinjam international seaport near
Thiruvananthapuram, received its first mothership.
• The MV San Fernando, carrying 2,000 containers, was given a grand welcome at the port. The
berthing of the ship was part of a trial run at the port before it is slated to open for commercial
operations.
• Before the 300-metre-long Marshall Island-flagged container ship berthed at the port, tug boats
gave it a water salute. The ship, operated by Bernhard Schulte Ship Management, Singapore,
was hired by Maersk (AP Moller Group). It arrived from the Xiamen port in China.
• The state government will hold an official reception for the ship, which will leave for Colombo
after unloading around 1,900 containers. The Rs 7,600-crore transshipment deepwater
multipurpose seaport project in Vizhinjam is being executed by Adani Ports and SEZ Private
Limited on a design, build, finance, operate and transfer (DBFOT) model.
• Vizhinjam is the first international deepwater transhipment port in the Indian subcontinent, with
a natural depth of more than 18 metres, scalable up to 20 metres, which is crucial to allow entry
of large vessels and motherships.
• The Ministry of Ports, Shipping, and Waterways (MoPSW) has approved a research proposal
on Valorization of Dredged Sediments. The project, sanctioned at an estimated cost of Rs.
46,47,380/-, will be implemented over a duration of three years by the Indian Institute of
Technology Bombay (IIT Bombay).
• The primary objective of this research is to create value from dredged sediments by converting
them into aggregates suitable for various construction fields. This innovative approach aims to
transform dredged sediment, typically seen as waste, into a valuable resource, thus contributing
to sustainable development and environmental conservation.
• India’s top oil firm IndianOil has started producing fuel used in adrenaline-pumping motor
racing and dispatched its maiden consignment. The firm’s refinery at Paradip in Odisha has
started producing STORM-X - a high-octane petrol specifically formulated for racing cars, the
firm said in a statement.
• IOC Director (Marketing) V Satish Kumar flagged the dispatch of the maiden consignment of
STORM-X at an event.
• IOC, the country’s largest oil firm controlling roughly 40 percent of fuel market share, will be
the first Indian company and only a handful globally to produce fuel used in F1 racing.
• The launch of premium racing fuel for top-end motor racing events across the country and in
the international circuit is part of the firm’s pursuit of innovation and excellence. It blends high-
octane rating gasoline (petrol) streams with advanced sustainable components, including 2G
Ethanol from Panipat Refinery.
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• IOC has partnered with Madras Motor Sports Club to supply STORM-X for the 3rd and 4th
rounds of the Indian National Racing Championship at Madras International Circuit in the 2024
season. A total of 55 barrels of STORM-X were dispatched for the 3rd round at the launch
ceremony. The octane number is a unit to measure the ignition quality of petrol or diesel.
20. Indian Council of Agricultural Research will celebrate its 95th Foundation and Technology
Day from 16th - 18thJuly.
• Shri Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare and Shri
Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying will
inaugurate the 95th Foundation and Technology Day on 16th July.
• Union Ministers of State for Agriculture and Farmers Welfare, Shri Kailash Choudhary and
Sushree Shobha Karandlaje. To encourage innovations in agriculture, forty selected
technologies will also be released and the developers will also get recognition. The event will
be organised from 16 - 18 July 2023 at Dr. C. Subramaniam Auditorium, NASC Complex.
• ICAR celebrates its Foundation Day on 16thJuly, every year. From this year it has been decided
to observe it as the Foundation and Technology Day’. During the exhibition, various kinds of
technologies/products developed by ICAR Institutes with potential for commercialization will
be displayed.
• In this event, more than 100 Industry Partners are expected to participate to get exposure to
different types of technologies/ products developed by ICAR Institutes vis-a-vis prospects for
the PPP Model of interactions between ICAR and Industries. more than 500 farmers as well as
1000 students from the neighbouring states will also participate in the ICAR Foundation Day.
• ICAR, an autonomous organisation under the Ministry of Agriculture and Farmers Welfare,
Government of India is engaged in coordinating, guiding and managing research and education
in agriculture including horticulture, fisheries, and animal sciences. 113 ICAR institutes and 74
agricultural universities spread across the country are engaged in doing cutting edge research.
21. Union Minister Dr. Jitendra Singh inaugurates Asia’s first health research related "Pre-
clinical Network facility".
• Union Minister Dr. Jitendra Singh inaugurated Asia’s first health research-related "Pre-clinical
Network Facility" under the Coalition of Epidemic Preparedness Innovations (CEPI) at the
Regional Centre of Biotechnology under the aegis of the "Translational Health Science &
Technology Institute" (THSTI), Faridabad.
• The Coalition for Epidemic Preparedness Innovations (CEPI) has selected BRIC-THSTI as a
pre-clinical network laboratory based on its capability to handle BSL3 pathogens. It will be the
9th such network laboratory across the globe and the first such laboratory in the whole of Asia.
The other labs are located in the USA, Europe, and Australia.
• The experimental Animal Facility is one of the largest small animal facilities in the country
with a housing capacity of about 75,000 mice, including immune-compromised mice and other
species such as rats, rabbits, hamsters, guinea pigs, etc.
• Department of Space and MoS Personnel, Public Grievances and Pensions Dr. Jitendra Singh
also inaugurated the "Genetically Defined Human Associated Microbial Culture Collection
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22. MSDE marks World Youth Skills Day 2024 with an open house dialogue between the
Minister and a group of skilled workers.
• Marking the World Youth Skills Day on July 15 and also the beginning of the 10th year
celebrations of Skill India Mission, the Ministry of Skill Development and Entrepreneurship
(MSDE) organised a Rs. Kaushal Samwaad’s an open house dialogue where a group of 50
skilled people who have honed skills through various Skill India schemes and programs came
together to celebrate event
• It also provided a stage for exchange where they had the opportunity to converse with the
newly appointed Minister of State (Independent Charge), MSDE, Shri Jayant Chaudhary.
• The event was attended by key dignitaries including Atul Kumar Tiwari, Secretary, MSDE;
Nilambuj Sharan, Senior Economic Advisor, MSDE; Trishaljit Sethi, DG Training, MSDE,
Ved Mani Tiwari, CEO, NSDC and MD, NSDC International and other senior officials.
• Bharti Airtel Foundation has announced a scholarship programme to support students pursuing
technology-based engineering undergraduate courses and integrated programs in the top 50
National Institutional Ranking Framework (NIRF) (Engineering) colleges, including IITs. The
foundation is the philanthropic arm of Bharti Enterprises and is commemorating its 25th
anniversary.
• This merit-cum-means based Scholarship Program will cover students from diverse socio-
economic backgrounds, with a focus on girl students. This will be applicable to students
eligible for admissions in August 2024. "Starting this year with 250 students, the Program is
designed to scale up incrementally with its successful implementation through each cohort.
• The ambition is to expand reach to 4,000 scholars with an outlay of Rs 100+ crore per year as
the Program reaches its peak," the Foundation said in a statement. The fully funded scholarship
is envisaged to dissolve the financial barriers that hinder access to quality education for
meritorious students, especially those from disadvantaged backgrounds.
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• It will be provided to students with an annual family income not exceeding Rs 8.5 lakh. It will
focus on undergraduate and integrated courses in the fields of Electronics & Communication,
Telecom, Information Technology, Computer Sciences, and Data Sciences at the top 50 NIRF
(Engineering) colleges. Artificial Intelligence, Internet of Things, etc will also cover om this.
• The Government has revised the composition of NITI Aayog. Defence Minister Rajnath Singh
has been included as an Ex-Officio Member along with Home Minister Amit Shah, Agriculture
Minister Shivraj Singh Chouhan and Finance Minister Nirmala Sitharaman. A government
Notification said the Special Invitees are Road Transport and Highways Minister Nitin Gadkari.
• Also Health Minister Jagat Prakash Nadda, Steel Minister H D Kumaraswamy, MSME
Minister Jitan Ram Majhi, Panchayati Raj Minister Rajiv Ranjan Singh, Social Justice and
Empowerment Minister Dr Virendra Kumar, Civil Aviation Minister K Rammohan Naidu,
Tribal Affairs Minister Jual Oram, Women and Child Development Minister Annapurna Devi,
Food Processing Minister Chirag Paswan.
• And Minister for Planning Rao Inderjit Singh.
• Prime Minister Narendra Modi remains the chairperson of NITI Aayog while Suman Bery will
continue to hold the Vice President post. The Full Time Members are V K Saraswat, Prof.
Ramesh Chand, Dr V K Paul, and Anand Virmani.
• The Damodar Valley Corporation (DVC), the first multipurpose river valley project of
independent India, will be corporatised, unbundling into at least three entities for transmission,
generation, and distribution to achieve greater efficiency. Established in 1948, the DVC is an
integrated power major spread across a command area of 24,235 sq km in West Bengal and
Jharkhand.
• DVC plans to install an additional capacity of nearly 10,000 MW in thermal and green energy,
ramping up its total capacity to about 16,700 MW. This would comprise 3,720 MW of thermal
power, 4,000 MW of solar power, and 2,500 MW from a pump storage power plant. The total
capex is estimated to be between Rs 50,000-60,000 crore.
26. Union Minister Shri G. Kishan Reddy Launches Mineral Exploration Hackathon and
National DMF Portal in Hyderabad.
• Union Minister of Coal and Mines, Shri G. Kishan Reddy launched the Mineral Exploration
Hackathon focused on Innovative Mineral Hunt Techniques in Hyderabad. The programme was
graced by Deputy Chief Minister of Bihar, Shri Vijay Kumar Sinha.
• This Hackathon aims to promote use of emerging technologies like Artificial Intelligence (AI)
and Machine Learning (ML) for geophysical data, integration of multiple mineral exploration
data sets such as baseline data, available exploration data, etc, to identify new Mineral targets,
particularly for deep-seated/concealed ore bodies.
• During the event, Union Minister Shri G. Kishan Reddy, released publication on Glimpse of
Geology and Mineral Resources, Telangana and Minerals in Telangana- Spotlights. These
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publications are focused on the geological set up of the State of Telangana, along with the
mineral potential of the State.
• During the event, Shri G. Kishan Reddy also launched the National District Mineral Foundation
(DMF) Portal. This portal is a centralized platform to gather information on the District Mineral
Foundations across the country. The aim of this portal is to facilitate access to the DMF data
and track the developments and utilizations thereunder and provides details of 645 DMFs.
27. Union Home Minister and Minister of Cooperation, Shri Amit Shah chairs 7th NCORD top-
level meeting.
• Union Home Minister and Minister of Cooperation Shri Amit Shah chaired the 7th Apex Level
Meeting of Narco-Coordination Center (NCORD) in Vigyan Bhawan, New Delhi. On this
occasion, the Home Minister launched National Narcotics Helpline MANAS (Madak Padarth
Nishedh Asuchna Kendra) and virtually inaugurated Narcotics Control Bureau (NCB) Zonal
Office at Srinagar.
• Shri Amit Shah also released NCB Annual Report 2023 and Compendium on Nasha Mukt
Bharat’s. MANAS will have a toll-free number 1933, a web portal, a mobile app, and a
UMANG app so that citizens of the country can anonymously connect with NCB 24x7 to seek
advice on de-addiction and rehabilitation and share information on drug trafficking.
• And informed that, for capacity-building, the "Centre of Excellence for Narcotics Control" has
been founded and ‘Mission Spandhan’s has been initiated to create awareness among the
public regarding issues relating to drugs. Shah announced the constitution of the Zonal office at
Srinagar in Jammu and Kashmir,
• And stated, "It will focus on curbing drug trafficking through the northwestern border of India."
NCB now has 30 zonal offices and 7 regional offices. The Annual Report of 2023 of NCB
highlights the efforts and accomplishments of NCB and all other agencies in its ongoing war
against drug trafficking and drug abuse.
• It contains the data for seizures done by all agencies in recent years, the latest trends on drug
trafficking, action under the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic
Substances Act (PITNDPS), financial investigation including action under the Prevention of
Money Laundering Act (PMLA), etc.
• Illicit cultivation is one big menace to be tackled, and, NCB along with BISAG-N has
developed a web portal and mobile app "MAPDRUGSR’ to curb illegal cultivation and
provide accurate GIS information so that such illicit cultivation can be destroyed by the
concerned agencies. Prime Minister Modi has set a target to make India first in every field by
2047.
• The Modi government has tried to fight this battle in last 5 years based on the Rs. Whole of
Government Approach’s and on the three pillars of Structural, Institutional and Informational
Reforms. Earlier, the motto of our agencies was Rs. Need to Know’, but now we should move
towards Rs. Duty to Share’s and this major change will have to be adopted by all agencies.
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28. PM inaugurates 46th Session of World Heritage Committee at Bharat Mandapam, New
Delhi.
• The Prime Minister, Shri Narendra Modi inaugurated the 46th Session of the World Heritage
Committee at Bharat Mandapam in New Delhi. The World Heritage Committee meets annually
and is responsible for managing all matters on World Heritage and deciding on sites to be
inscribed on the World Heritage list.
• India is hosting the World Heritage Committee Meeting for the first time. The Prime Minister
also took a walkthrough of various exhibitions showcased on the occasion. The World Heritage
Committee’ss program is a proud achievement for India.
• The Prime Minister also informed that a historic place in north-east India has been proposed to
be included in the UNESCO World Heritage list. Maidam"of North East India is proposed to be
included in the UNESCO World Heritage List. This will be India’s 43rd World Heritage site
and the first heritage site in North East India to receive the status of a cultural world heritage
• The Department of School Education and Literacy is observing Shiksha Saptah from, July 22 to
28, 2024, celebrating the 4th anniversary of the National Education Policy (NEP 2020). The
week-long event will include collaborations and highlight the educational reforms introduced
by the NEP 2020.
• Each day of the week is dedicated to a different aspect of education providing teachers,
students, and stakeholders with insights into various aspects encouraging the overall
development of those involved. The aim is to promote collaboration and the impactful
educational reforms introduced by NEP 2020 among students, educators, and stakeholders.
• DAY 1 - MONDAY - July 22, 2024 TLM (Teaching-Learning Material) Day,
• DAY 2 - TUESDAY - July 23, 2024 FLN Day,
• DAY 3 - WEDNESDAY Rs. July 24, 2024 Sports Day,
• DAY 4 -THURSDAY Rs. July 25, 2024 Cultural Day,
• DAY 5 - FRIDAY Rs. July 26. 2024 Skilling and Digital Initiatives Day,
• DAY 6 - SATURDAY Rs. July 27, 2024 Mission Life/School Nutrition Day,
• DAY 7- Community Involvement Day.
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30. Indigenously developed Automatic Train Protection (ATP) system Kavach deployed on 1465
Route km.
• Indigenously developed Automatic Train Protection (ATP) system Kavach deployed on 1465
Route km and 144 locomotives on South Central Railway. Kavach is an indigenously
developed Automatic Train Protection (ATP) system and a highly technology-intensive system,
which requires safety certification of the highest order.
• Kavach aids the loco pilot in train running within specified speed limits by automatic
application of brakes in case Loco Pilot fails to do so and also helps the train safely run during
inclement weather. Kavach has been certified for highest level of Safety Integrity Level -SIL4
by Independent Safety Assessor and reduces the probability of train collisions in block sections
• Kavach has so far been deployed on 1465 Route km and 144 locomotives (including Electric
Multiple Unit rakes) on the South Central Railway. Further, the Detailed Project Report (DPR)
and Detailed Estimate on another 6000 RKms are approved on Indian Railways. To increase
capacity and scale up implementation, trials of more OEMs are at different stages.
• Kavach 4.0- On 16.07.2024, Kavach 4.0 specification was approved by Research Design and
Standards Organisation (RDSO). This version covers all the major features required for the
diverse railway network. The funds utilized on Kavach so far is Rs 1216.77 Cr and the
allocation of funds during the year 2024-25 stands at Rs 1112.57 Cr. ,Funds for Kavach is used
for Kavach only.
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31. Union Minister Shri Jyotiraditya M. Scindia releases Rs. The Future is NowRs. as the theme
for India Mobile Congress 2024.
• The theme of the India Mobile Congress 2024, Rs. The Future is NowRs. , was unveiled by
Shri Jyotiraditya M. Scindia, Minister for Communications and Development of North Eastern
Region in New Delhi. The theme signifies how India stands at the heart of the technological
evolution and IMC 2024 bringing together global leaders Rs. visionaries, pioneers, and
innovators.
• To collaborate and actively shape the technologies transforming our world today, where the
future isn’t just a concept’s happening. Scindia launched the Indian Mobile Congress 2024
application and Website, a unique interactive App for registration.
• With the first registration and keynote address by Shri Jyotiraditya M. Scindia, the Indian
Mobile Congress also announced the opening of the registrations for Delegates, Visitors,
Academia/College, Government and Media. Minister of Communications called IMC as a
global melting point and hoped to see India in the centre of such events for the time to come.
• During this occasion, DoT announced the conferment of Pandit Deendayal Upadhyay Telecom
Excellence Awards 2023, to the following awardees for their exemplary and outstanding
contributions in the areas of Telecom Innovations, Telecom Skilling, Telecom Services,
Telecom Manufacturing, and Telecom Applications :
• Dr. Kiran Kumar Kuchi- Professor IIT Hyderabad for outstanding contributions in telecom
technology advancement and mentorship
• Elena Geo Systems Private Limited- for outstanding contributions in advancing NavIC-based
devices and applications
• Astrome Technologies Private Limited- for pioneering millimeter-wave multi-beam technology
• Tejas Networks Limited- for advancing Telecom Innovations and Equipment Manufacturing.
• Nivetti Systems Private Limited-for outstanding contributions in Secure Networking Products.
• The Minister also launched the Testing Scheme for Start-ups & MSMEs and oversaw the
signing of MoU for between NTIPRIT and IIT Jammu for capacity building in the areas of
Cybersecurity.
32. Atmanirbhar Bharat: Two of the WorldRs. s Five Largest Coal Mines Now in India.
• Chhattisgarh-based Coal India subsidiary South Eastern Coalfields Limited’s (SECL) Gevra
and Kusmunda coal mines have secured the 2nd and 4th spot in the list of the world’s 10 largest
coal mines released by WorldAtlas.com. Located in the Korba district of Chhattisgarh state,
33. Atmanirbhar Bharat: Two of the WorldRs. s Five Largest Coal Mines Now in India.
• The Gevra opencast mine has an annual production capacity of 70 million tons and produced 59
million tons of coal in FY 23-24. The mine started operations in the year 1981 and it has
enough coal reserves to meet the country’s energy requirements for the next 10 years.
Kusmunda OC mine produced more than 50 million tons of coal in FY 23-24,
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• Only the second mine in India after Gevra to achieve this feat, These mines have deployed
some of the world’s largest and most advanced mining machines such as the Surface Miner that
extracts and cuts coal without blasting for eco-friendly mining operations.
34. Moidams Rs. The Mound-Burial System of Ahom Dynasty Inscribed in the UNESCO World
Heritage List as IndiaRs. s 43rd Entry
• In an important cultural achievement for India ‘Moidams’ the Mound-Burial System of the
Ahom Dynasty from Assam has been officially inscribed on the UNESCO World Heritage
List.
• This makes it the 43rd property from India to be included here.
• This is the third World Heritage Property from Assam, following Kaziranga National Park and
Manas Wildlife Sanctuary, both inscribed under the Natural category in 1985. The Moidams of
Choraideo, which celebrate and preserve royal lineage through colossal architecture, are
comparable to the pyramids of Egyptian pharaohs and royal graves in ancient China.
• The purpose of including these heritage sites in UNESCORs. s list is to preserve and promote
shared heritage based on OUVs (Outstanding Universal Values) found in cultural, natural as
well as mixed properties across 195 countries.
• India became a member of the World Heritage Committee from 2021-25 and is
currently hosting its first ever session since joining UNESCO in 1972.
• Moidams, a royal mound burial site created by the Tai-Ahom in northeastern
India, is situated in the foothills of the Patkai Ranges in eastern Assam. These
burial mounds are considered sacred by the Tai-Ahom and reflect their unique funerary
practices.
• The Tai-Ahom people arrived in Assam in the 13th century, establishing Charaideo as
their first city and the site of the royal necropolis. For 600 years, from the 13th to the
19th century CE, the Tai-Ahom constructed moidams, or "home-for-spirit," using
natural elements like hills, forests, and water to create a sacred geography.
35. IndiaRs. s First Integrated Agri-Export Facility to come up at Jawaharlal Nehru Port,
Mumbai
• In a significant move to bolster IndiaRs. s agricultural export and import capabilities, the Union
Minister for Ports, Shipping, and Waterways Shri Sarbananda Sonowal approves the Jawaharlal
Nehru Port Authority (JNPA)Rs. s project of Rs. Development of Export-Import cum Domestic
Agricultural Commodity-Based Processing & Storage Facility at JNPA on PPP ModeRs. worth
Rs. 284.19 Crore
• JNPA in Maharashtra is the first major port of the country which is 100% Landlord port having
all berths being operated on PPP model. JNPA is one of the leading container ports among the
top 100 global ports (as per Lloyds List Top 100 Ports Report).
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• This initiative aligns with the government’s vision of empowering farmers and fostering rural
development, setting a precedent for future infrastructure projects that aim to support and
enhance India’s agricultural capabilities.
36. Information And Broadcasting Minister Ashwini Vaishnaw Inaugurated IndiaRs. s 500th
Community Radio Station
37. High-Level Committee approves disaster mitigation, capacity building projects for states.
• A High-Level Committee, under the chairmanship of Union Home Minister and Minister of
Cooperation, Shri Amit Shah has approved several disaster mitigation and capacity building
projects for various states. The meeting of HLC comprising of Finance Minister, Agriculture
Minister, and Vice Chairman NITI Aayog as members held in New Delhi.
• The High-Level Committee considered a total of nine proposals for funding from National
Disaster Mitigation Fund (NDMF) and National Disaster Response Fund (NDRF) to combat
Urban Flooding in six cities, to mitigate Glacial Lake Outburst Flood (GLOF) in 4 Hill states
and to strengthen Fire Services in 3 states.
• The committee also considered a proposal to implement Yuva Aapda Mitra Scheme in all 28
states. The High-Level Committee in meeting approved six project proposals in the states of
Telangana, Gujarat, Karnataka, West Bengal and Maharashtra at a total cost of Rs.2514.36
crore for Urban Flood Management in six metro cities namely Mumbai, Kolkata, Bengaluru,
Hyderabad, and Pune.
• HLC also approved three project proposals under the scheme for Rs. Expansion and
Modernization of Fire Services in the states’ for the Assam, Karnataka, and Tamil Nadu of a
total outlay of Rs. 810.64 crore. Central Government has allocated a total amount of Rs. 5000
crores under the National Disaster Response Fund (NDRF) for this scheme,
• And had already approved the proposals of 11 states at a total outlay of Rs. 1691.43 crore. In
addition, the High-Level Committee also approved a project proposal for GLOF risk mitigation
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for the states of Himachal Pradesh, Uttarakhand, Sikkim, and Arunachal Pradesh at a total
outlay of Rs. 150 crore.
• The GLOF Risk Mitigation Project will provide the necessary impetus to these four states in
taking necessary mitigation measures to address GLOF risks. HLC also approved a proposal of
the Yuva Aapda Mitra Scheme (YAMS) at an outlay of Rs.470.50 crore from NDRF, which
will be implemented in 315 most disaster-prone districts of the country,
• For training of 1300 trained Aapda Mitra Volunteers as Master Trainers and 2.37 lakh
volunteers exclusively from NCC, NSS, NYKS, and BS&G (Bharat Scouts &Guides) in
disaster preparedness and response. During the current financial year, the Central Government
has released Rs 6348 crores to 14 states under the State Disaster Response Fund (SDRF),
• And Rs 672 crores to 06 states under the State Disaster Mitigation Fund (SDMF). In addition,
an amount of Rs. 4265 crore has been released to 10 states under the National Disaster
Response Fund (NDRF).
38. DURBAR HALLRs. AND Rs. ASHOK HALLRs. RENAMED AS Rs. GANATANTRA
MANDAPRs. AND Rs. ASHOK MANDAPRs. RESPECTIVELY.
• Accordingly, President Droupadi Murmu is pleased to rename two of the important halls of
Rashtrapati Bhavan namely, Durbar Hall and Ashok Hall’s as Ganatantra Mandap and Ashok
Mandap respectively. Durbar Hall is the venue of important ceremonies and celebrations such
as the presentation of National Awards.
• The term Durbar refers to courts and assemblies of Indian rulers and the British. It lost
relevance after India became a Republic, that is, Ganatantra. The concept of Ganatantra is
deeply rooted in Indian society since ancient times, making Ganatantra Mandap an apt name
for the venue.
• Ashok Hall was originally a ballroom. The word Ashok connotes someone who is free from
all sufferings or is bereft of any sorrow . Also, Ashoka refers to Emperor Ashok, a symbol of
unity and peaceful co-existence. Rashtrapati Bhavan, the office and the residence of the
President of India, is a symbol of the nation, and an invaluable heritage of the people.
39. Union Minister Shri Gajendra Singh Shekhawat Inaugurates Humayun's Tomb World
Heritage Site Museum.
• Union Minister of Culture and Tourism, Shri Gajendra Singh Shekhawat inaugurated the
sprawling 100,000 square feet state of the art ' Humayun's Tomb World Heritage Site Museum
at the Humayun's Tomb, a UNESCO World Heritage site in New Delhi. The inauguration event
was graced by the presence of Prince Rahim Aga Khan, dignitaries, and esteemed guest,
• From the Ministry of Culture, the Archaeological Survey of India and others.The Museum is a
facility of the Archaeological Survey of India designed and built in collaboration with the Aga
Khan Trust for Culture (AKTC). The Museum boasts over 500 esteemed artifacts - from the
collections of the National Museum, Archaeological Survey of India, and Aga Khan Trust for
Culture.
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40. Aditya Birla Group launches Rs 5000 crore jewellery business brand 'Indriya'.
• Aditya Birla Group forays into branded jewellery retail business with an investment of Rs 5000
crore under a new brand name 'Indriya'. This brand will be housed under the company Novel
Jewels. The group plans to set up four stores on July 27 in Delhi, Jaipur, and Indore. They also
plan to expand to 11 cities in the next six months.
• The company aims to be among the top three national players in the next five years. The
chairman of Aditya Birla Group, Kumar Mangalam Birla, plans to continue to grow at 50
percent CAGR in the next five years, he said on July 26 at the launch event in New Delhi. The
brand has 15000 jewellery pieces (stock keeping units) crafted by 3500 artisans in 13 cities.
• Birla also shared that the company aims to introduce new designs in stores every 45 days. The
stores will be 40 percent larger in size than the average national brands.
41. 25 years of Kargil Vijay Diwas: India Post releases commemorative stamp.
• The Department of Posts has released a commemorative postage stamp to mark the Silver
Jubilee of Kargil Vijay Diwas, at Dras, Kargil, in Ladakh. The special issue celebrates the 25th
anniversary of India's resounding victory in the Kargil War, paying homage to the unmatched
bravery, determination, and sacrifice of our armed forces.
• The commemorative postage stamp was released at Dras, Kargil. On this day, 25 years ago, the
Indian Armed Forces, through sheer courage and relentless spirit, evicted Pakistani intruders
from the icy heights of Dras, Kargil and Batalik Sectors of Ladakh during Operation Vijay.
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International
1. Portugal s Antnio Costa, the European Council s next president
• Former Portuguese Prime Minister Antonio Costa has been chosen as the next President of the
European Council, succeeding Charles Michel from Belgium, effective from October 1, 2024.
• The President of the European Council is elected by the heads of state or government of the EU
member states for a term of 2.5 years, renewable once, making a maximum tenure of five yea
• Russia has approved the schedule for the creation of a Russian orbital station by 2033. The
scientific and energy modules will be launched first in 2027, and three other core modules,
namely the universal nodal, gateway, and base modules, will be launched by 2030. Two other
target modules are scheduled to be launched by 2033.
• A total of 608.9 billion rubles has been allocated to finance the project, Roscosmos said. The
corporation further said the creation of the Russian orbital station would ensure the continuity
of Russia s space programme and address issues of national security and scientific and
technological development.
A total of 608.9 billion rubles has been allocated to finance the project, Roscosmos said. The
corporation further said the creation of the Russian orbital station would ensure the continuity of
Russia s space programme and address issues of national security and scientific and technological
development.
About ROSCOSMOS: -
• Roscosmos, Russian Federal Space Agency, which was formed in 1992. The new corporation
was formed by merging the agency and United Rocket and Space Corporation, a joint-stock
entity meant to bolster the space sector.
3. Labour Party Leader Keir Starmer Becomes New Prime Minister Of United Kingdom
• In the United Kingdom, Buckingham Palace announced that Labour leader Keir Starmer has
been invited to form a new government. In the General Election results, the Labour Party
secured a landslide victory. The Starmer-led party secured 412 seats as per the latest report this
evening, marking a resounding win and ending the 14-year governance of Conservative Party.
Keir Starmer became Britain s 58th Prime Minister.
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• As Masoud Pezeshkian emerges victorious from Iran s presidential election, defeating hardliner
Saeed Jalili, his presidency promises a shift towards more pragmatic and reformist policies. An
official vote count put Pezeshkian as the winner with 16.3 million ballots to Jalili s 13.5
million.
• The Asian Development Bank (ADB) and the ENGIE group have signed a long-term local
currency loan agreement to construct and operate a 400-megawatt solar photovoltaic power
plant in Surendranagar District, Gujarat, India.
• ADB was the mandated lead arranger for the entire loan totaling 14.6 billion Indian rupees
(approximately $175.9 million) with ADB and Asian Infrastructure Investment Bank both
providing 7.3 billion Indian rupees. The project will support the Government of India s target of
achieving at least 500 gigawatts of nonfossil fuel energy capacity by 2030.
• This project is the second project that ADB has financed for the Engie group in India, following
the financing of the group s flagship project in India in 2020, and exemplifies our focus on
mobilizing long-term financing from partner organizations.
• This venture not only aligns with our green power goals but also catalyzes local job creation,
reinforcing our pledge to India s nonfossil fuel future, firming our commitment to India s
energy transition.ENGIE group is a global leader in low-carbon energy and services, with
operations in 31 countries. In India, ENGIE s portfolio includes 1.1 gigawatts of operational
project
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7. Ukrainian President, Polish Prime Minister Sign Bilateral Security Agreement In Warsaw
• Ukrainian President Volodymyr Zelensky and Polish Prime Minister Donald Tusk have signed
a bilateral security agreement in Warsaw. The agreement was signed on 8th July a day before
the start of the North Atlantic Treaty Organisation (NATO) summit, scheduled to be held in
Washington. The agreement spells out Poland s continued defense support for Ukraine,
especially air defence
• The World Health Organization (WHO) has introduced an online platform called MeDevIS
(Medical Devices Information System), the first global open access clearinghouse for
information on medical devices.
• MeDevIS offers detailed information on 2,301 types of medical devices, supporting a range of
health issues and simplifying device selection and procurement processes.
• The platform references international naming systems EMDN and GMDN, facilitating global
regulatory approval and improving device tracking and pricing. It is designed to support
governments, regulators and users in their decision-making on selection, procurement and use
of medical devices for diagnostics, testing and treatment of diseases and health conditions.
9. South Korea & NATO Sign Agreement on Mutual Recognition Process For Military
Airworthiness Certification
• South Korea and the North Atlantic Treaty Organisation (NATO) have signed an agreement on
a mutual recognition process for military airworthiness certification. It is NATO s first such
deal with an Asian country. Under the deal signed yesterday, NATO will recognise the Seoul
government’ s airworthiness certification for South Korean-made planes.
• Korea’ s Defence Acquisition Programme Administration and NATO’ s Aviation Committee
inked the agreement which is a key measure of a plane’ s suitability for safe flight, on the
sidelines of the NATO Summit in Washington. South Korea has signed agreements with the
US,Spain,France andPoland, the new deal with NATO is expected to shorten the time required
for mutual recognition.
• Korea’ s Defence Acquisition Programme Administration and NATO’ s Aviation Committee
inked the agreement which is a key measure of a plane’ s suitability for safe flight, on the
sidelines of the NATO Summit in Washington. South Korea has signed agreements with the
US,Spain,France andPoland, the new deal with NATO is expected to shorten the time required
for mutual recognition.
• The Colombo Security Conclave (CSC), a regional security grouping, officially welcomed
Bangladesh as its fifth member state on. The announcement came during the 8th Deputy
National Security Adviser (DNSA) level meeting, hosted virtually by Mauritius.
• The existing members ‘ India, Sri Lanka, Mauritius, and the Maldives ‘ warmly received
Bangladesh into the fold, while Seychelles participated as an observer state. The Colombo
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Security Conclave was established in 2020, when India, Sri Lanka, and the Maldives agreed to
expand the scope of their trilateral meeting on maritime cooperation.
• Mauritius joined the conclave at the fifth meeting of the grouping in Male in March 2022.
• India was represented by Pankaj Kumar Singh, Deputy National Security Adviser (Internal
Affairs), while Bangladesh’ s delegation was led by Lt. Gen. Mizanur Rahman Shameem,
Principal Staff Officer of the Armed Forces Division in the Prime Minister’ s Office.
• Member states agreed that the 7th NSA level meeting of the Colombo Security Conclave will
be held in India later this year, the External Affairs Ministry said in a statement. India was
represented by NSA Ajit Doval at the 6th National Security Adviser level meeting of the
Colombo Security Conclave (CSC) that was held in Mauritius on December 7, 2023.
11. EAM S. Jaishankar Inaugurates India’ s First Overseas Jan Aushadi Kendra In Mauritius
• External Affairs Minister S. Jaishankar inaugurated India’ s first overseas Jan Aushadi Kendra
in Mauritius. He was joined by Mauritius Prime Minister Pravind Kumar Jugnauth during the
inauguration. Dr. Jiashankar said this Aushadi Kendra is the delivery of the promise made by
Prime Minister Narendra Modi earlier this year.
• He further said that the India-Mauritius health partnership project will supply cost-effective,
made-in-India medicines to augment public healthcare and enhance well-being. Earlier, Dr.
Jaishankar inaugurated the Mediclinic project at Grand Bois in Mauritius with Indian grant
assistance, calling it the newest expression of our friendship.
• Speaking at the inauguration of the project, Dr. Jaishankar said the initiative will provide
secondary health care for 16,000 people in the Grand Bois area. Expressing pride, the External
Affairs Minister said that health is a priority and all of us have become health conscious.
• China successfully launched the Gaofen-11 05 Earth observation satellite from the Taiyuan
Satellite Launch Center in Shanxi Province. The launch took place at 11:03 a.m. Beijing Time
utilizing a Long March-4B carrier rocket. According to Xinhua news agency, the satellite
achieved its designated orbit as planned.
• The Gaofen-11 05 satellite is equipped for a range of applications including land surveys, urban
planning, road network design, and agricultural yield estimation. This launch represents the
528th mission for the Long March carrier rocket series and underscores China’ s ongoing
commitment to its High-resolution Earth Observation System (CHEOS) programme.
• Azerbaijan, the host of the COP29 climate summit, has announced a climate finance action
fund (CFAF) to be raised from fossil fuel-producing countries and companies to support green
projects in developing countries as well as to help member nations keep within reach the 1.5C
temperature target. COP29 is set to be held in Baku between November 11 and 22 2024.
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State/UTs
1. Uttarakhand CM seeks Centre’ s nod for 21 new hydro electricity power projects of 2123
MW.
• Stating that only 40 percent of Uttarakhand’ s total capacity for hydroelectricity generation is
being utilised at present, Chief Minister Pushkar Singh Dhami sought the clearance of 21 new
hydel power projects with a capacity of 2123 MW for the state from the Centre.
• Expert committees have recommended the implementation of 21 new hydel power projects
with a capacity of 2123 MW to be built on the Alaknanda and Bhagirathi rivers and their
tributaries, the chief minister said.
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Sports
1. India’ s Jyothi Yarraji Wins Gold In Women’ s 100m Hurdles At National Inter State Senior
Athletics Championships
• India’ s Jyothi Yarraji won Gold medal in the Women’ s 100m Hurdles at the National Inter
State Senior Athletics Championships in Panchkula.
• Jyothi won with a timing of 13.06 seconds. While in Men’ s 110m Hurdles, Tejas Shirse won
the Gold medal with a timing of 13.54 seconds. Both Jyothi and Tejas are most likely to qualify
for Paris Olympics via World rankings.
• India was crowned the world champions for the second time in T20 format as they beat South
Africa by 7 runs in the finals of the Men’ s T20 World Cup 2024 at the Kensington Oval in
Bridgetown, Barbados. Virat Kohli is the player of the match and Jasprit Bumrah is the player
of the series.
• The win was India’ s first ICC trophy in more than 10 yea’ The last time India won an ICC
trophy was in 2013 when they won the ICC Champions Trophy. India’ s last World Cup win
came in 2011, when they beat Sri Lanka in the final to win the ODI World Cup.
• Indian cricket team captain Rohit Sharma and talismanic batter Virat Kohli announced their
retirements from T2os after helping India win their second ICC T20 World Cup title in
Barbados. All-rounder Ravindra Jadeja also announced his retirement from T20I a day after
India’ s T20 World Cup 2024 triumph.
• Top Indian wrestler Vinesh Phogat clinched the women’ s 50kg gold medal at the Grand Prix of
Spain 2024. The two-time World Championship bronze medallist defeated Mariia Tiumerekova
10-5 in the final to bag the gold. Phogat, the reigning Commonwealth Games champion, had
sailed into the final on the back of three comfortable wins.
• In wrestling, India finished on top at the Under 23 Asian Wrestling Championship 2024, in
Amman, Jordan. The young Indian grapplers clinched a total of eight medals in freestyle
wrestling, including four gold, two silver, and two bronze medals. Kazakhstan took second
place while Kyrgyzstan won third.
• Abhimanyu in the 70 kg category, Jointy Kumar in 92 kg, Sahil Jaglan in 97 kg and Anirudh
Kumar in the 125 kg category bagged the gold medals. Rohit in 65 kg and Jaideep at 74 Kg
contributed with silver medals, while bronze medals were secured by Shubham in 57 kg and
Amit in 79 kg.
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• The Indian Olympic Association (IOA) has named Gagan Narang, four-time Olympian and
2012 Olympic Games men’s 10 meter Air Rifle bronze medalist, as the Chef-de-Mission of the
Indian contingent to compete in the Paris 2024 Olympic Games, starting on 26th July. He will
replace MC Mary Kom.
• Star Shuttler PV Sindhu and Table Tennis Ace Achanta Sharath Kamal will be the flag bearers
during the opening ceremony. Dr. Usha further announced that India’s only women to win two
Olympic medals, P.V. Sindhu, will be the female flag-bearer, alongside Sharath Kamal in the
opening ceremony.
6. Dhruv Sitwala and Anupama Ramachandran win Asian billiards & snooker chips.
• India’s Dhruv Sitwala and Anupama Ramachandran clinched the men’s Asian billards and
women’s snooker titles in the Asian championships in Riyadh, Saudi Arabia. Dhruv Sitwala
defeated Pankaj Advani and had earlier won the Asian billiards title in 2015 and 2016.
Anupama Ramachandran won her first international title by defeating Panchaya Channoi of
Thailand.
7. India’s Avinash Sable Sets New National Record In 3000m Steeplechase At Paris Diamond
League In France.
• India’s Avinash Sable set a new national record in the 3000m steeplechase at the Paris
Diamond League in France. The star steeplechase player bettered his own record by more than
a second. Sable finished sixth at the event with a timing of 8:09.91 (8 minutes, 9 seconds, and
91 hundredths of a second).
• The race was won by Abrham Sime of Ethiopia with a personal best of 8:02.36, narrowly
edging out Amos Serem of Kenya, who recorded the same time.
8. Tearful Lewis Hamilton takes ‘ Fairytale’s victory at home British Grand Prix.
• Lewis Hamilton won his home race at the British Grand Prix, The seven-time world champion
rolled back the years to take his first race win since the 2021 Saudi Arabian Grand Prix and a
record-extending ninth victory at Silverstone and it was his old rival, Max Verstappen, who
fought off to secure the win as the Red Bull driver chipped away but was unable to overtake
him.
• Former opener Gautam Gambhir has been appointed as Team India’s head coach, confirmed
BCCI secretary Jay Shah. He succeeds Rahul Dravid in this role and faces the challenge of
maintaining the team’s momentum following their recent victory in the T20 World Cup.
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10. PUMA to be footwear partner for Indian contingent at Paris Olympics 2024
• PUMA India has announced its partnership with the Indian Olympic Association (IOA) as the
official footwear partner for the Indian contingent heading to the Paris Olympics 2024. PUMA
has launched a grand outdoor campaign titled "See the Game Like We Do" to honor and
celebrate the achievements of Indian athletes.
• As part of this collaboration, over 100 Indian athletes will receive an array of products designed
to enhance their training and comfort. These include podium and travel footwear, trolleys,
backpacks, sippers, yoga mats, headbands, wristbands, socks, and towels. Notably, 45 of these
athletes are part of the PUMA contingent.
11. India’s Tasnim Mir & Tharun Mannepalli Clinch Singles Titles At Saint-Denis Reunion
Open 2024.
• In Badminton, Indian shuttlers bagged the men’s and women’s singles titles at the Saint-Denis
Reunion Open 2024, in Saint-Denis, the capital of the French overseas dpartement of Runion in
the Western Indian Ocean. In Men’s singles, India’s Tharun Mannepalli defeated Yudai
Okimoto of Japan to win his second title of the year.
• Earlier, he won the Kazakhstan International Challenge. While in women’s singles, World No.
75, India’s Tasnim Mir clinched the title, defeating compatriot Rakshitha Sree, in the final.
However, in the men’s doubles final, the Indian duo of Prakash Raj and Gouse Shaik lost to
Julien Maio and William Villeger of France, to settle for a runner-up finish.
12. Shooter Sabeera Haris Wins Bronze In Shotgun Junior World Cup, Italy
• In Shooting, India’s Sabeera Haris has bagged the bronze medal in women’s trap event at the
International Shooting Sport Federation, ISSF Junior World Cup in Porpetto, Italy. Sabeera
shot 29 out of 40 targets in the final. Carey Garrison of the US won the gold, shooting down 40
out of 50 targets. Sofia Gori of Italy claimed the silver with 39 hits out of the full quota of 50
13. Alcaraz records straight sets win over Djokovic for second Wimbledon title.
• Carlos Alcaraz saunters to second Wimbledon title, dousing Novak Djokovic’s slow-flickering
fire. The Spaniard raced to his second Wimbledon title with a 6-2, 6-2, 7-6 (7-4) win over the
24-time Grand Slam winner from Serbia at the All England Lawn Tennis and Croquet Club in
South London.
14. Argentina wins record 16th Copa America title, beats Colombia.
• Argentina won its second straight Copa America championship, overcoming Lionel Messi’s
second-half leg injury to beat Colombia 1-0 on Lautaro Martinez’s 112th-minute goal.
• Argentina won its third straight major title following the 2021 Copa America and 2022 World
Cup and matched Spain, which won the 2008 and 2012 European Championships around the
2010 World Cup.
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• Mikel Oyarzabal struck Spain’s Euro 2024 final winner against England but La Roja’s triumph
was inspired from start to finish by explosive wingers Nico Williams and Lamine Yamal. The
youngsters have been key on their sides run to the final in Berlin and combined to send Spain
ahead against England, a moment that felt fitting given their supreme summer.
• Spain’s teenage phenom Lamine Yamal won the European Championship and the tournament’s
Best Young Player award just a day after he turned 17. Yamal earned it mostly while he was
still 16, but he crowned his contribution to Spain’s success by setting up Nico Williams’s
opening goal in a 2-1 win over England in the final.
• Yamal became the youngest player to appear at the European Championship, the youngest to
score in the tournament, and the youngest to play in a final, and also the youngest goal scorer in
the Spanish league.
• He finished with four assists and one goal in his debut European Championship.
16. Barbora Krejckova Lifts Women’s Singles Trophy Beating Jasmine Paolini.
• Barbora Krejcikova of the Czech Republic defeated Jasmine Paolini of Italy 6-2, 2-6, 6-4 to win
her maiden Wimbledon women’s singles title in London.
• The Indian team of six high school students has achieved a historic feat at the International
Mathematics Olympiad (IMO) 2024, securing the best performance since India’s debut in 1989.
Math champs bag 4 Olympiad Gold. Rushil Mathur, Ananda Bhaduri, Adhitya Ganesh, and
Kanav Talwar clinched four gold medals for India,
• while Arjun Gupta secured a silver medal and Siddharth Choppara received an honourable
mention. The team, led by Professor Krishnan Sivasubramanian (IIT-Bombay) and Rijul Saini
as the deputy leader, finished fourth among 108 participating countries, with over 609 students
in the competition.
• This outstanding performance marks India’s best result in the India’s best result in the
Olympiad in terms of medals won and rank attained, surpassing the previous best rankings of
7th in 2001 and 1998.
• Star India opener Shikhar Dhawan has been appointed the brand ambassador for MotoGP in
India. Dhawan, known for his dynamic presence on the cricket field, will ignite his passion for
racing through the latest campaign, ‘Face Kar Race Kar’, Euro Sport said. The ‘Face Kar Race
Kar’ campaign encapsulates the indomitable spirit of MotoGP, celebrating resilience and
inspiring fan.
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• The Australian Formula 1 (F1) racer Oscar Piastri secured his first-ever F1 title victory at the
Hungarian Grand Prix. The Australian rookie led a strong McLaren one-two finish alongside
the British-Belgian racer Lando Norris. The 23-year-old Australian seized the opportunity and
never looked back, crossing the finish line two seconds ahead of his teammate.
20. Nagaland Madrigal Singers Win Two Gold Medals At World Choir Games 2024.
• The Nagaland Madrigal Singers representing India have won two Gold Medals at the World
Choir Games, 2024 in New Zealand. The World Choir Games- the Largest Choral Competition
was held at Auckland, New Zealand from July 10, where over 11,000 singers from 42 countries
participated at the event.
• Led by Hito Kiho, the Nagaland Madrigal Singers competed in two prestigious categories
namely Contemporary Music Mixed Voices and Mixed Chamber Choir. They won gold medals
in both categories. The Nagaland Madrigal Singers was founded by Mr Kiho on September
2023.
• Lallianzuala Chhangte and Indumathi Kathiresan were named the AIFF Best Men’s and
Women’s Players of the Year 2023-24 in a glittering AIFF Award Night attended by a galaxy
of icons from the sporting world in New Delhi. Lallianzuala Chhangte was awarded the AIFF
Men’s Player of the Year for the second time in a row, becoming only the fifth player to win
the award multiple time
• Indumathi Kathiresan was awarded the AIFF Women’s Player of the Year, becoming the first
player from Tamil Nadu to win the award. Young striker David Lalhlansanga was awarded the
AIFF Promising Men’s Player of the Year for his fiery goalscoring form in the season, he was
the top scorer in the CFL and the Durand Cup and earned his first national team call-up in May
2024.
• Eighteen-year-old winger Neha was awarded the AIFF Promising Women’s Player of the Year
for her stellar performances down the flanks. Jamshedpur FC head coach Khalid Jamil was
awarded the AIFF Men’s Coach of the Year. The AIFF Women’s Coach of the Year was
awarded to Sukla Dutta, who coached India to the SAFF U19 Women’s Championship title in
Bangladesh.
• Among the dignitaries present were the Hon’ble Union Minister for Youth Affairs and Sports,
Dr. Mansukh Mandaviya, the Hon’ble Union Minister, Parliamentary Affairs, Mr. Kiren Rijiju,
Olympic medal winner Mr. Yogeshwar Dutt, India’s Davis Cup captain, Mr. Rohit Rajpal and
many other well-known faces of Indian sport.
22. Hardik Pandya teams up with FanCode Shop to launch his brand.
• Allrounder Hardik Pandya has inked an exclusive licensing pact with FanCode Shop, the online
merchandise store of Dream Sports-owned FanCode, to launch his performance wear range.
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FanCode will design, manufacture, and market the items. Rise Worldwide’s Nikhil Bardia
noted this is Pandya’s first licensing venture.
• The launch includes key items like t-shirts, vests, and jackets, diversifying from his typical
endorsement deals. The initial product lineup includes t-shirts, vests, polos, shorts, and jackets,
with prices ranging from Rs 999 to Rs 2299.
23. Sports icons Sania Mirza, Mary Kom and TV host Rannvijay Singha join Play Sports as
brand ambassadors.
• India’s sports icons Sania Mirza and MC Mary Kom as well as famous TV host Rannvijay
Singha have pledged their support to the country’s biggest sports activation program at
grassroots - Rs. Play Sport’s as brand ambassadors.
• India’s sports icons Sania Mirza and MC Mary Kom as well as famous TV host Rannvijay
Singha have pledged their support to the country’s biggest sports activation program at
grassroots - Rs. Play Sports’ as brand ambassadors.
• Play Sports’ objective is to create a sustainable sports ecosystem in India by working with
schools, developing sports, managing sports infrastructure, running academies, and scouting
talent from the grassroots. They are also involved in the upgradation of existing sports
infrastructure at schools and where there is none develop playgrounds for various sports.
24. Jasprit Bumrah, Smriti Mandhana named ICC Player of the Month for June.
• Jasprit Bumrah hailed as the hero of India’s successful T20 World Cup campaign, achieved
another significant milestone by being named the Rs. ICC Men’s Player of the Month for June’.
This recognition came alongside India’s women’s team vice-captain, Smriti Mandhana, who
clinched the Rs. Women’s Player of the Month’s award for her outstanding performance in
India’s ODI series.
25.. Hamilton wins thrilling Belgian Grand Prix with team mate Russell disqualified.
• Lewis Hamilton has won the Belgian Grand Prix after teammate George Russell, who had
originally come home in first, was disqualified following the race for an underweight car. The
Mercedes duo had engaged in a thrilling late chase, with two-stopper Hamilton charging down
his one-stopping teammate, but he was unable to pass on track for the victory,
• With McLaren's Oscar Piastri finishing third. Red Bull's Sergio Perez ended the day down in
P7, having been overtaken by Sainz in the latter stages amid continuing pressure around the
Mexican's place in the team. Fernando Alonso took eighth for Aston Martin with Alpine's
Esteban Ocon and RB's Daniel Ricciardo rounding out the top-10.
26. Paris 2024: Manu Bhaker becomes 1st Indian to win 2 medals in Olympic Games.
• India's star shooter Manu Bhaker has etched her name in history by clinching her second bronze
medal at the Paris Olympics 2024. With this achievement, she has become the first Indian
athlete to win two medals in a single Summer Olympic Games since independence. The 22-
year-old Manu won her first bronze in the women's 10m air pistol event,
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• While her second bronze came in the 10m air pistol mixed team event, alongside Sarabjot
Singh. In the pre-independence Olympics, Norman Pritchard, a British-Indian, won two medals
at the 1900 Summer Games. He secured a silver medal in both the men's 200m sprint and the
200m hurdles.
• At the Paris Olympics, Sarabjot failed to qualify in the final of the individual 10m air pistol
event. But the young shooter made some brilliant shots on target in the 10m mixed team
event,along with Manu Bhaker to win a Bronze medal.Manu Bhaker-Bronze-Shooting-10m Air
Pistol Paris 2024. Manu Bhaker & Sarabjot Singh-Bronze Shooting-10m Air Pistol mixed team
event Paris 2024
27. Sri Lanka clinch maiden Women's Asia Cup title with comprehensive win over India.
• Sri Lanka secured their first Women's Asia Cup title win, beating India with a clinical run-
chase in front of home fans. This was also just the second time in their nine final appearances
that India failed to win the Women's Asia Cup. The previous such instance was in 2018 when
Bangladesh beat India by three wickets.
• Samarawickrama was the Player of the Match in the Final, while Chamari Athapaththu was the
Player of the Tournament for her 304 runs and three wickets in the event. This win is another
feather in the cap for Athapaththu's Sri Lanka. They won the Women's T20 World Cup
Qualifier earlier in the year to qualify for the Women's T20 World Cup in Bangladesh.
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• Centre for Development of Advanced Computing (C-DAC) has partnered with MosChip
Technologies, and Socionext Inc. for the design and development of a High-Performance-
Computing (HPC) Processor SoC based on the Arm architecture and built on TSMC (Taiwan
Semiconductor Manufacturing Company Limited) 5nm technology node.
• C-DAC, established to develop and deploy the state-of-the-art supercomputing technology in
India, is working towards its complete indigenization & in this direction has developed
indigenous compute node RUDRA, Trinetra-Interconnect and System Software stack. C-DAC
is developing and deploying HPC systems at leading R&D and academic institutions across the
country.
• National Supercomputing Mission (NSM), funded by Ministry of Electronics and Information
Technology (MeitY) and Department of Science and Technology (DST), was launched to make
India one of the world leaders in supercomputing and to enhance IndiaRs. s capability in
solving grand challenge problems of national and global relevance.
2. Axis Bank Join hands with Piramal Finance Under Co-Lending Business
• Axis Bank, India’s third-largest private sector bank, and Piramal Capital and Housing Finance
Limited, also known as Piramal Finance, a leading Non-Banking Financial Company Rs.
Housing Finance Company (NBFC-HFC) and wholly owned subsidiary of Piramal Enterprises
Limited (PEL), have announced a strategic partnership in the co-lending business.
• Through this collaboration, both lenders will offer loans to middle and low-income borrowers,
with a concentration on rural and semi-urban areas.
• Truecaller, the world’s leading global communications platform, has partnered with HDFC
ERGO, India’s leading general insurance company to launch Fraud Insurance. This initiative
aims to provide enhanced protection to consumers against digital communication fraud in India.
The Fraud Insurance product will provide coverage up to Rs 10,000 to Android and iOS users
across India.
4. MoD inks MoU to set up 3 testing facilities in Tamil Nadu Defence Corridor
• Ministry of Defence (MoD) has signed an MoU to establish three state-of-the-art testing
facilities in Chennai under the Tamil Nadu Defence Industrial Corridor - one each in
Unmanned Aerial System (UAS), Electronic Warfare (EW) and Electro Optics (EO) domains.
• With an outlay of Rs 400 crore, the DTIS was launched by Raksha Mantri Shri Rajnath Singh
in May 2020 to set up state-of-the-art testing facilities in collaboration with private industry and
Central/State Government, promoting indigenous defence production, reducing military
equipment imports and enhancing self-reliance.
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• The DTIS provides up to 75% government funding as Rs. Grant-in-Aid’s, with the remaining
25% funded by the Special Purpose Vehicle (SPVs), comprising Indian private entities and
State/Central Governments.
• The National Informatics Centre (NIC) and the Spices Board of India have signed a
Memorandum of Understanding (MoU) to develop Artificial intelligence (AI) tools for
detecting and classifying large cardamom diseases in Sikkim. The project, spearheaded by
NICRs. s Centre of Excellence in AI in Kolkata, aims to analyze images of cardamom leaves to
identify diseases early.
6. Indian Railways’ Gati Shakti Vishwavidyalaya (GSV) Vadodara and Airbus sign agreement
for aerospace teaching and research.
• Indian Railways’ Gati Shakti Vishwavidyalaya (GSV) Vadodara and Airbus today entered into
collaboration to significantly strengthen the Indian aviation sector. The agreement includes a
full scholarship program for 40 GSV students for the entire program duration, setting up the
Centre of Excellence at GSV as well as the Airbus Aviation Chair Professor position at GSV.
• Further, GSV and Airbus will partner for executive training for working professionals in the
aviation sector. Focusing exclusively on transport and logistics sectors, GSV is a Rs. first of its
kind’s university aiming to fulfill the mandate of the National Developmental Plans across
railways, aviation, shipping, ports, highways, roads, and waterways.
• The agreement was signed in the presence of Shri Ashwini Vaishnaw, Minister of Railways,
Information and Broadcasting, Electronics and IT who is also the First Chancellor of Gati
Shakti Vishwavidyalaya, Shri Kinjarapu Rammohan Naidu, Union Minister of Civil Aviation,
Shri Ravneet Singh.
• SEHER, a credit education program launched by the Women Entrepreneurship Platform (WEP)
and TransUnion CIBIL, will empower women entrepreneurs in India with financial literacy
content and business skills, helping them to access the financial tools they need to drive further
growth and create employment in the country’s economy.
• According to the Udyam Registration Portal of the Ministry of Micro, Small and Medium
Enterprises, India has 63 million micro, small, and medium enterprises of which 20.5% are
women-owned, employing as many as 27 million people. The Ministry also reported that rural
areas have a slightly greater share of women-owned enterprises (22.24%) compared to urban
areas (18.42%).
• Women Entrepreneurship Platform (WEP), incubated in NITI Aayog in 2018 as an aggregator
platform that transitioned as a public-private partnership in 2022 to build a comprehensive
ecosystem supporting women entrepreneurs across India.
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8. MRD and Convergence Energy Services Limited signs MoU to facilitate Green Mobility for
SHG Women of DAY-NRLM
• The Ministry of Rural Development (MoRD) signed an MoU with Convergence Energy
Services Limited (CESL), a wholly owned subsidy of EESL, to help facilitate Rs. Sustainable
Transport for Rural Entrepreneurs through Electric Bicycles’s (STREE) for Self Help Group
(SHG) Women under Deendayal Antyodaya Yojana Rs. National Rural Livelihoods Mission
(DAY-NRLM).
• DAY- NRLM is focusing to promote SHG women led enterprises with diversified opportunities
in manufacturing and service sector covering the farm and non-farm domains. Since its launch,
DAY-NRLM has helped create the largest platform for social inclusion, access to financial
services and women’ s economic empowerment.
9. DEPwD Signs Two Significant MoUs towards empowering persons with disabilities.
• The Department of Empowerment of Persons with Disabilities (DEPwD) took a significant step
towards empowering persons with disabilities by signing two important Memorandum of
Understanding (MoUs) Under the guidance of Secretary Shri Rajesh Aggarwal.
• The first MoU was signed between "DEPwD" and "Enable Me" Access Association (EMA),
and the second MoU was signed between the Indian Sign Language Research and Training
Center (ISLRTC) and YUNIKEE. The primary objective of the MoU between ISLRTC and
YUNIKEE is to provide free and accessible skills to the deaf community and their youth.
10. Mutual Recognition Agreement between India and Taiwan for Organic Products.
• The Mutual Recognition Agreement (MRA) for organic products between India and Taiwan
has been implemented during the 9th Working Group on Trade Meeting with Taiwan at New
Delhi. The implementation of the MRA between India and Taiwan is a landmark achievement
as it is the first bilateral agreement for organic products.
• The implementing Agencies for the MRA are Agricultural and Processed Food Products Export
Development Authority (APEDA), Ministry of Commerce and Industry, India and Agriculture
and Food Agency, Ministry of Agriculture (AFA), Taiwan.
• The MRA will pave the way for the export of major Indian organic products such as Rice,
Processed Food, Green/Black and Herbal Tea, Medicinal plant products etc to Taiwan. The
mutual recognition will ease the export of organic products by avoiding dual certifications;
thus, reducing compliance costs, and enhancing trade opportunities in the organic sector.
11. Govt inks MoU with NGO to create accessible space for disabled people.
• The Department of Empowerment of Persons with Disabilities has inked an MoU with a
Gujarat-based NGO to advance training programs on accessibility in an effort to create more
inclusive spaces for those suffering from disabilities. The MoU between the department and the
NGO EnableMe Access Association (EMA) was signed on July 9.
• A copy of the MoU, shared with PTI, outlines two initial training programs: "Advanced
Training in Accessibility" for empanelled accessibility auditors and Central Public Works
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Department engineers. Training will be conducted in offline, online, and hybrid formats,
featuring instructors with disabilities to offer firsthand insights and foster empathy.
• These programs aim to educate participants on Indian accessibility standards, universal design
perspectives, and the National Building Code and Harmonized Guidelines and Space Standards
(HGSS). To support these training initiatives, DEPwD and EMA will develop and maintain
software tools for accessibility education.
• These tools will play a critical role in capacity building across multiple stakeholders,
integrating seamlessly with the Accessible India Campaign 2.0 and enhancing the functionality
of the Sugamya Bharat Application.
• The EMA will also lend its expertise to bolster the Accessible India Campaign 2.0.
• DEPwD will provide logistical support for the training programs, including accessible venues,
internet connectivity, and other necessary facilities.
• The EMA will cover the costs of training facilitation and expert feedback, funded through
corporate social responsibility initiatives, individual donations, or collaboration.
12. NICDC Logistics Data Services Ltd. and Gujarat Infrastructure Development Board sign
MoU to enhance Logistics in Gujarat.
13. NICDC Logistics Data Services Ltd. and Gujarat Infrastructure Development Board sign
MoU to enhance Logistics in Gujarat
• ULIP is a digital gateway that allows industry players to access logistics-related datasets from
various Government systems through API-based integration. The platform integrates with 37
systems from 10 ministries via 118 APIs, covering over 1800 data fields.
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14. ICAI, MeitY will join hands to develop Rs. AI Audit ToolRs. to oversee India Inc.
• The Institute of Chartered Accountants of India (ICAI) has begun discussions with the Ministry
of Electronics and Information Technology (MeitY) to build an AI Audit Tool for monitoring
corporate India and detecting fraud. The ICAI President, Ranjeet Kumar Agarwal, has
acknowledged that a proposal has been made to MeitY Secretary Krishnan.
• The planned AI Audit Tool will use artificial intelligence to monitor company performance,
report fraud, and help companies remain viable. ICAI has given Rupees 25 crore to create AI
technologies, with intentions to boost the budget to Rupees 100 crore. Over 9 lakh CA students
will have access to a new AI-based GPT tool to help them prepare for exams.
• The planned AI Audit Tool will use artificial intelligence to monitor company performance,
report fraud, and help companies remain viable. ICAI has given Rupees 25 crore to create AI
technologies, with intentions to boost the budget to Rupees 100 crore. Over 9 lakh CA students
will have access to a new AI-based GPT tool to help them prepare for exams.
• An artificial intelligence platform is being created for the ICAIRs. s 4 lakh members to access
financial statements from 17.06 lakh companies. This tool will assist members in analyzing the
qualifications of other auditors as well as the audit fees paid by various companies, allowing
them to make more informed decisions.
15. Coca-Cola India and Gram Unnati collaborate to revolutionise mango cultivation in
Karnataka.
• Coca-Cola India, in collaboration with agri solutions provider Gram Unnati, has announced the
launch of Rs. Project Mango Unnati’s. The initiative aims to revolutionise sustainable mango
cultivation in Karnataka, focusing on the Alphonso and Totapuri varieties.
• Project Unnati will collaborate closely with state horticulture agencies such as Krishi Vigyan
Kendra (KVK), the Mango Board, the Indian Institute of Horticultural Research (IIHR), and
various horticulture departments across different districts, the company said in a statement.
• With Project Mango Unnati, we aim to elevate the livelihoods of farmers with adv. horticulture
solutions, empowering them to significantly increase their incomes. This aligns with the
Government of India’s vision for Atma Nirbhar Bharat, making the agrarian economy self-
reliant, said, Rajesh Ayapilla, Senior Director- CSR Sustainability for Coca-Cola India and
Southwest Asia.
• India signed an agreement with the Marshall Islands to provide an annual grant for four
community development projects as part of New Delhi’s outreach to Pacific Island states. The
memorandum of understanding (MoU) was signed at the Indian embassy in Tokyo by India’s
ambassador to Japan, Sibi George, and foreign minister Kalani Kaneko of Marshall Islands.
• The embassy in Tokyo is also responsible for overseeing relations with Marshall Islands. The
move comes against the backdrop of the four members of the Quad Rs. India, Australia, Japan,
and the US Rs. stepping up their engagement with the Pacific Islands amid China’s efforts to
increase its influence in the strategic region.
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• President Hilda C Heine of Marshall Islands witnessed the signing of the MoU. The MoU will
enable the implementation of a community sports centre in Ailuk Atoll, an airport terminal on
Mejit Island, and community centers at Arno and Wotje Atolls.
17. TVS to invest $260 million in Norton Motorcycles; India launch on plan.
• TVS Motor Company will invest around 200 million in British iconic bikemaker Norton
Motorcycles, owned by the Indian major. The investment will cover areas like new product
development, facilities, research and development, and world-class quality engineering.
• As part of its product lineup expansion, Norton will launch six new models over the next three
years. The investment and growth plans lined up are expected to put the company in the ideal
place for international expansion, including India. However, TVS Motor remained tight-lipped
on Norton’s India launch.
18. Fitterfly collab with Google Cloud to launch AI feature for diabetic people.
• Fitterfly, a leading healthtech company in India, has partnered with Google Cloud to launch its
latest AI feature - Fitterfly Klik, which will enable people with diabetes and other non-
communicable diseases (NCDs) to track and analyse their meals effortlessly.
• Nutrition planning remains the most important bulwark for managing type 2 diabetes as well as
for weight loss and heart disease. However, traditional meal tracking methods - be it through
manual journaling or entering in a text format in an app - are cumbersome and discouraging for
many.
• Fitterfly’s latest feature, Klik, changes all this by leveraging the power of Gemini Flash 1.5 on
Google CloudRs. s Vertex AI platform. This transforms meal tracking into a quick and
insightful experience. Fitterfly Klik uses AI computer vision paired with the Fitterfly Nutrition
Database, comprising over 37,000 Indian foods, to recognize, analyse, and break down food.
19. Mastercard and ClearTax Join Hands to ease the ITR filing experience for Indians.
• Mastercard and ClearTax joined hands to make it easier for Indian consumers to file their
Income Tax Returns (ITR). This collaboration will combine Mastercard’s world-class payment
solutions with ClearTax’s streamlined tax filing services, resulting in a safe, convenient, and
rewarding experience for taxpayers.
• As part of this agreement, taxpayers who use Mastercard-powered credit cards will be able to
receive a unique 5% discount on ClearTax ITR Plans by entering the promo code
CTBMASTER at checkout. This offer will be active until December 31, 2024. The Indian
government enables income tax payments via credit cards to provide citizens with more
convenient taxpaying options.
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20. Bureau of Indian Standards signs MOU with Indian Institute of Science, Bengaluru to
promote Standardisation.
21. Anant Raj signs MoU with Google for data center business.
• Anant Raj Cloud Pvt. Ltd, a wholly-owned subsidiary of New Delhi-based realty developer
Anant Raj has entered into agreement with Google LLC, a global technology leader. Under this
collaboration, the company will be responsible for providing data center infrastructure, DC-
managed services, and cloud platforms to various public and private enterprises.
• It will also be developing innovative technological solutions for potential customers. Anant Raj
Cloud Pvt. Ltd is developing data centers of 300 MW of IT Load at Manesar, Rai and
Panchkula. The initial phase at Manesar is ready. Industry experts are projecting a demand for
approximately 20 million square feet of datacenter space across key cities within the next 4Rs.
5 years.
22. Shri Dharmendra Pradhan signing of Letter of Intent between Atal Innovation Mission and
World Intellectual Property.
• Union Minister for Education Shri Dharmendra Pradhan, in New Delhi, presided over the
signing of the Rs. Letter of Intent’s between Atal Innovation Mission (AIM) and World
Intellectual Property Organization (WIPO), the United Nations agency that serves the world’s. s
innovators and creators.
• Both WIPO and AIM-NITI Aayog intend to jointly work on structuring programs to take
IndiaRs. s Innovation Model(ATL & AIC)to other countries. Both organizations shall also
closely collaborate in the designing and implementation of various IP training and capacity-
building programs, taking into consideration the specific requirements of the ecosystem of the
target beneficiaries.
23. C-DOT signs agreement with IIT, Roorkee and Mandi for Rs. Development of Rs. Cell-
FreeRs. 6G Access PointsRs. .
• In a significant step towards developing Indigenous technology, the Centre for Development of
Telematics (C-DOT), a premier Telecom R&D centre of the Department of
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24. TerraPay partners with Swift to enable seamless account-to-wallet global payments.
• TerraPay, a prominent FinTech company, has announced a new capability for financial
institutions to directly send money to over 2.1 billion mobile wallets globally via their existing
Swift network. This integration aims to improve the efficiency and transparency of cross-border
payments, benefiting both businesses and consumers.
• Swift, an established player in the financial sector, connects over 11,500 financial institutions
across more than 200 countries, offering robust transaction tracking capabilities. The
collaboration between TerraPay and Swift is designed to leverage Swift’s comprehensive
network and TerraPay’s innovative payment infrastructure to enhance the cross-border payment
experience.
• Rashtriya Raksha University, Lavad, Gandhinagar and National Stock Exchange International
Exchange (NSE IX) and National Stock Exchange International Clearing (NSEICC) officially
signed a Memorandum of Understanding (MoU) aimed at fostering cooperation and innovation
in the field of economic and financial security.
• The MoU was signed between the dignitaries of RRU, Gandhinagar NSE IX, and NSEICC
during a physical ceremony held at the RRU Campus in Lavad, Gandhinagar. Through this
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MoU, we aim to conduct collaborative research projects, design and execute joint online and
offline certification programs, and facilitate capacity building for students and faculty.
26. Tata, Airbus sign contract to establish H125 Final Assembly Line in India.
• In the latest collaboration, Tata Advanced Systems Limited (TASL) and Airbus Helicopters
have formalised a contract to establish the H125 Final Assembly Line (FAL) in India. The
contract was signed at the Farnborough International Airshow in 2024. The installation of
electrical harnesses, hydraulic circuits, flight controls, dynamic components, fuel system,
engine,
• And avionics, mission systems will all be handled by the FAL. Additionally, it will test and
certify the helicopters. Indian customers, as well as those in its bordering nations, will receive
helicopters produced at the FAL. The deliveries of the first Rs. Made in India’s H125s are
expected to commence in 2026.Airbus Helicopters and Tata Advanced Systems have made
great progress
• The H125 is the world’ss best-selling single-engine helicopter that outclasses other helicopters
in its category and is the only helicopter to have landed on Mount Everest, demonstrating its
agility in operating in high-altitude, and extreme environments.
27. NFDC and Netflix partner to launch Rs. The Voicebox’s - an upskilling program for voice-
over artists in India.
• National Film Development Corporation (NFDC), a public sector enterprise under the aegis of
the Ministry of Information and Broadcasting (MoIB), have joined hands with Netflix India to
launch an upskilling program for voice-over artists in India called Rs. The Voicebox’s.
• The Voicebox’s program will offer Recognition of Prior Learning (RPL) training for voice-
over artists focusing on English, Hindi, Marathi, Bengali, Malayalam, Tamil, Telugu and
Gujarati languages. As part of the program, structured workshops, which would include training
(featuring guest lectures and mentoring sessions),
• followed by an assessment, will be conducted in seven major cities of India - New Delhi,
Mumbai, Kolkata, Ahmedabad, Hyderabad, Chennai, and Kochi. Each batch would
accommodate up to 30 candidates, with 210 participants selected through preliminary
screening. At least 50% of the participants will be women.
• Pearl Academy, India’s leading design institute will join as a Training Partner for this program.
Seven top participants from every batch will be chosen to contribute to Netflix’s special project,
Rs. Azaadi ki Amrit KahaniyaRs. , where they will lend their voice to narrate stories reflecting
the Indian independence movement.
• This Voicebox program is sponsored by the Netflix Fund for Creative Equity, which has
dedicated $100 million a year over five years to setting underrepresented communities up for
success in the TV and film industries through programs all around the world.
• At Shastri Bhawan, Shri. Prithul Kumar, Managing Director, National Film Development
Corporation (NFDC) and Joint Secretary (Broadcasting II), MoIB and Shri. Kiran Desai,
General Counsel, and Senior Director - Business and Legal Affairs, Netflix India, signed the
MoU to formalise the partnership, which aligns with NFDC and Netflix’s combined vision to
promote Indian cinema.
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28. BIS and GBPUAT Sign MoU to develop IndiaRs. s First Standardized Agricultural
Demonstration Farm.
• The Bureau of Indian Standards (BIS) and Govind Ballabh Pant University of Agriculture and
Technology (GBPUAT) have signed a landmark Memorandum of Understanding (MoU) to
facilitate the development of the first of its kind Rs. Standardized Agriculture Demonstration
Farm’s. (SADF) in India.
• This MoU marks the first collaboration between BIS and an agricultural university in the
country to develop SADFs. The MoU was signed in the presence of Dr. M. S. Chauhan, Vice-
Chancellor, GBPUAT, and senior officials from the University, including Dr. Deepa Vinay,
Registrar; Dr. Ajeet Kumar Nain, Director of Research; and Deans of various colleges of
GBPUAT.
• This partnership with GBPUAT is a significant step towards promoting standardised
agricultural practices and ensuring the implementation of cutting-edge technologies to enhance
agricultural productivity and sustainability.
29. MoD & NSE ink MoU to facilitate capital market access to MSMEs.
• Ministry of Defence and National Stock Exchange of India Limited (NSE), signed a
Memorandum of Understanding (MoU) to facilitate capital market access to the MSMEs. The
MoU was signed by the Additional Secretary, Department of Defence Production (DDP) and
Managing Director, NSE in the presence of Defence Secretary Shri Giridhar Aramane.
• The MoU intends to facilitate MSMEs in the defence sector to raise productive capital for their
growth plan efficiently and transparently through the NSE platform Rs. NSE Emerge’s. The
platform offers new and viable options for raising equity capital from a diversified set of
investors.
• The MoU will be in force for five years, during which, DDP and NSE would conduct an
extensive awareness drive through seminars, MSME camps, knowledge sessions, road shows &
workshops to guide corporates engaged with the Ministry of Defence for fund raising on NSE
Emerge platform.
Schemes
1. Govt reopens application window for PLI scheme for white goods third time.
• The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday said that the
government will reopen the application window for the production-linked incentive (PLI)
scheme for white goods ACs and LED lights’ for 90 days, starting July 15, to give Rs. one
more chance’s to prospective investors to take benefits of the scheme.
• This is the third time that the industry department has reopened the application window. The
first round of applications was invited in 2021, followed by the second round a year later as the
entire allocated fund was not utilised. The scheme, which was rolled out three years ago, is
being implemented over a seven-year period, ending in the financial year 2028-29.
• The outlay of the scheme is Rs 6,238 crore. The PLI Scheme for white goods has been designed
to create a complete component ecosystem for ACs and LED lights industry in the country and
make India an integral part of the global supply chains. The scheme is expected to result in the
growth of domestic value addition from the current 15-20 per cent to 75-80 per cent.
2. Telecom equipment manufacturing sales cross Rs 50,000 crore milestone under PLI Scheme.
• The Production Linked Incentive (PLI) Scheme for Telecom and Networking Products and for
Large Scale Electronic Manufacturing of Electronics have led to a significant increase in
production, employment generation, economic growth, and exports in the country.
• Within three years of the Telecom PLI scheme, the scheme has attracted an investment of Rs
3,400 crore, the telecom equipment production has exceeded the milestone of Rs 50,000 crore
with exports totaling approximately Rs 10,500 crore, creating more than 17,800 direct jobs and
many more indirect jobs.
3. Raksha Rajya Mantri Shri Sanjay Seth launches GRSE Accelerated Innovation Nurturing
Scheme (GAINS 2024)
• Raksha Rajya Mantri Shri Sanjay Seth launched Rs. GRSE Accelerated Innovation Nurturing
Scheme (GAINS 2024) of Garden Reach Shipbuilders & Engineers Limited ( GRSE) in
Kolkata on July 10, 2024. It is an innovative scheme which seeks solution to the problems
related to the shipyards and promotes technology development using the start-ups created and
nurtured in the country.
• GAINS is a unique national scheme to encourage and enable MSMEs and Start-Ups to develop
innovative solutions that GRSE may incorporate for further technological advancement. The
aim is to leverage the vast eco-system of MSMEs and Start-Ups to address present and
emerging challenges in the ship design and construction industry, while achieving the
objectives of Atmanirbhata.
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4. DRDO sanctions seven new projects to the private sector under Technology Development
Fund scheme
• The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman in the parliament
announced a new pension scheme for minors, called the NPS Vatsalya. This makes it possible
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for parents or guardians to plan a pension for their children. The scheme will get converted to
regular NPS once the child attains the age of 18.
• The National Pension Scheme (NPS) is a voluntary pension system for all citizens, including
both residents and NRIs between the ages of 18 and 70 years. It is a market-linked contribution
scheme that allows an Indian citizen to systematically save for their retirement and also derives
tax benefits from it.
• Tax deduction up to 10% of salary (Basic + DA) under section 80 CCD(1) within the overall
ceiling of Rs. 1.50 lakh under Sec 80 CCE. Tax deduction up to Rs. 50,000 under section 80
CCD(1B) over and above the overall ceiling of Rs. 1.50 lakh under Sec 80 CCE.
• The Union Budget 2024 has increased the deduction possible from the employer’s contribution
to the NPS for private sector employees from 10% to 14% of the salary in the new tax regime.
Tax benefits for the self-employed, - Tax deduction up to 20% of gross income under section
80 CCD (1) with in the overall ceiling of Rs. 1.50 lakh under Sec 80 CCE.
• Tax deduction up to Rs. 50,000 under section 80 CCD(1B) over and above the overall ceiling
of Rs. 1.50 lakh under Sec 80 CCE.
• Up to 3.72 lakh electric vehicles will be supported under the four-month Electric Mobility
Promotion Scheme(EMPS) being implemented between April and July with an outlay of
Rs493.55 crore, the government said. Electric Mobility Promotion Scheme 2024 will provide
further impetus to the green mobility and development of electric vehicle (EV)manufacturing
ecosystem in Country.
• The maximum number of electric vehicles to be supported under the scheme stands at 3,72,215,
including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts, and 25,238 electric
three-wheelers in the L5 category, according to figures shared by the Ministry of Heavy
Industries.
7. PLI scheme for Large Scale Electronics Manufacturing sees an incremental investment of Rs.
8,390 crores
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• Till 30th June, 2024, incremental investment of Rs. 8,390 Crores had been made under the PLI
scheme. This has led to production of Rs. 5,14,960 Crores till 30th June, 2024.
8. Government extends duration of EMPS 2024 by two months i.e. upto 30th September, 2024
with enhancement of outlay to Rs. 778 cr
• The Electric Mobility Promotion Scheme 2024 (EMPS 2024), launched by Ministry of Heavy
Industries, Government of India through gazette notification 1334 (E) dated March 13, 2024,
aims to boost the adoption of electric vehicles (EVs) across the country. The EMPS scheme
was originally set to run from April 1st , 2024, to July 31st , 2024, with a total outlay of Rs.500
crore.
• The scheme has been extended by two more months i.e. upto September 30th, 2024.
Additionally, the scheme’s outlay has been enhanced to Rs. 778 crores.
• It aims to advance the Government of India’s green initiatives and foster the growth of the
electric vehicle (EV) manufacturing ecosystem in the country.
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• Financial Services Institution Bureau (FSIB) has selected Challa Sreenivasulu Setty as the next
chairman of State Bank of India (SBI). Ashwini Tiwari and Vinay Tonse were two other
contenders to the post.
• Setty will succeed the current chairman, Dinesh Khara, when he turns 63, the upper age limit
for the position of SBI Chairman. His term is scheduled to end in August 2024.
• Ravi Agrawal (IRS) has been appointed as the new chairman of the Central Board of Direct
Taxes (CBDT), the administrative body for the Income Tax Department. He is an Indian
Revenue Service (IRS) officer of 1988-batch.
• He takes over from Nitin Gupta, a 1986-batch Indian Revenue Service officer, whose extended
tenure as the chairman ends on June 30.
• IndiaFirst Life Insurance Company Limited has named Rushabh Gandhi as its new Managing
Director (MD) and Chief Executive Officer (CEO) effective 1 July. Gandhi, previously the
Deputy CEO, succeeds Vishakha R.M. who superannuated on June 30, 2024, after nine years of
service.
4. SBI General Insurance names Naveen Chandra Jha as new MD & CEO
• SBI General Insurance Company Ltd. has named Shri Naveen Chandra Jha as its new
Managing Director and Chief Executive Officer. His parent business, State Bank of India,
nominated him for the role. He succeeds Shri Kishore Kumar Poludasu. Shri Naveen Chandra
Jha has been with the State Bank of India since 1994, holding numerous critical roles during his
tenure.
5. Lieutenant General NS Raja Subramani assumes charge as Vice Chief of Army Staff
• Lieutenant General NS Raja Subramani on Monday assumed the charge as the Vice Chief of
Army Staff.
• Before this, Lt General Raja was tenanting the appointment of General Officer Commanding-
in-Chief of the Central Command based at Lucknow.
• The General Officer was commissioned into The Garhwal Rifles in December 1985. He
graduated from the prestigious National Defence Academy.
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• The Indian Army got its 30th Chief in Upendra Dwivedi as Manoj Pande superannuated on 30
June. Pande handed over the command of the Indian Army to General Upendra Dwivedi, who
took over his new appointment today. The 30th Chief of the Indian Army, who hails from the
Jammu and Kashmir Rifles regiment.
• The Appointment Committee of the Cabinet (ACC) has appointed various individuals to posts
of the National Medical Commission and the Autonomous Boards. The appointments are for a
period of 4 years, until the appointee attains the age of 70 years, or until further orders,
whichever is earliest.
• The appointed members are as follows: Dr. B.N. Gangadhar, President of the Medical
Assessment and Rating Board, as the Chairperson of the National Medical Commission [in
terms of Section 4 of the NMC Act, 2019].
• Dr. Sanjay Behari, Director of Sree Chitra Tirunal Institute for Medical Sciences and
Technology, Thiruvananthapuram, as the President of the Medical Assessment and Rating
Board [in terms of Section 17(2) of the NMC Act, 2019].
• Dr. Anil DRs. Cruz, Director (Oncology) of Apollo Hospital, Mumbai, as a whole-time
member of the Post-Graduate Medical Education Board.
• The Appointment Committee of the Cabinet has also appointed Dr. Rajendra Achyut Badwe,
Professor Emeritus at Tata Memorial Centre, Mumbai, as a part-time member of the Under-
Graduate Medical Education Board.
• The Reserve Bank of India (RBI) has appointed Smt. Charulatha S. Kar as Executive Director
(ED) with effect from July 1, 2024. Prior to being promoted as ED, Smt. Kar was serving as
Chief General Manager-in-Charge in the Human Resource Management Department.
9. Justice Sheel Nagu appointed Chief Justice of Punjab and Haryana High Court.
• The Centre notified the appointment of Justice Sheel Nagu as the Chief Justice of the Punjab &
Haryana High Court.
• Justice Nagu was serving as the Acting Chief Justice of the Madhya Pradesh High Court after
Chief Justice Ravi Malimath demitted the office.
• Justice Sanjeev Sachdeva has been appointed as the new Acting Chief Justice of the Madhya
pradesh HC.
• Jharkhand Mukti Morcha (JMM) executive president Hemant Soren took oath as the chief
minister of the state for the third time. Jharkhand Governor C. P. Radhakrishnan had invited
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Soren to form the government in the state, a day after Champai Soren stepped down from the
chief minister’s post.
• Senior Indian Information Service (IIS) officer Dhirendra Ojha has been appointed as the
Director General of Press Information Bureau (PIB). Mr Ojha will replace Sheyphali Sharan,
who has been appointed as the Director General of the Publications Division.
• Ojha served as the director general, Central Bureau of Communications (CBC). PIB Director
General Y K Baweja succeeds Ojha in the CBC, which looks after the advertising of all central
government organisations and acts as an advisory body to the government on media strategy.
• Bandhan Bank has appointed executive director Ratan Kumar Kesh as its interim head to
navigate the daily operations as managing director and chief executive officer Chandra Shekhar
Ghosh is all set to step down. The board of the Kolkata-based lender took the decision, pursuant
to the approval of Reserve Bank of India.
13. RBI approves Govind SinghRs. s re-appointment as MD & CEO of Utkarsh SFB
• The Reserve Bank of India approved the re-appointment of Govind Singh as the managing
director and chief executive officer of Utkarsh Small Finance Bank (Utkarsh SFB) effective
from Sep 21, 2024, according to the exchange filing. The present term of Govind Singh is up to
Sep 20, 2024. The board of the SFB had approved his re-appointment in the meeting held on
Jan 27, 2024.
14. Justice BR Sarangi Takes Oath As Jharkhand High Court Chief Justice, To Have 15 Days
Tenure As CJ.
• Justice Bidyut Ranjan Sarangi was sworn in as the 15th Chief Justice of the Jharkhand High
Court , in a ceremony at the state Raj Bhavan, with Governor C P Radhakrishnan administering
the oath of office and secrecy. Justice SarangiRs. s tenure will be notably brief, as he is
scheduled to retire on July 19, just days after assuming his new role.
15. IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as joint MD.
• Indian Energy Exchange (IEX) board approved the proposal to reappoint Satyanarayan Goel as
its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director.
The board also approved the appointment of Rajeev Gupta as the Non-Executive Independent
Director of the company.
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16. Mashreq names Tushar Vikram as Country Head and CEO of India.
• Mashreq, a leading financial institution in the MENA region, has announced the appointment of
Tushar Vikram as its new Country Head and CEO of India, effective June 2024. Before joining
Mashreq, Tushar served as the Group Head of Investment Banking for HDFC Bank, where he
led key divisions including Project Finance, Equity, Debt Capital Markets, and Mergers &
Acquisitions.
17. ACC approves appointment of 8 EDs in Public Sector General Insurance Cos.
• The Appointments Committee of the Cabinet (ACC) has approved the appointment of eight
Executive Directors in Public Sector General Insurance Companies (PGICs).
• Rashmi Bajpai, currently General Manager (GM) in Oriental Insurance Company Ltd (OICL),
has been appointed as Executive Director (ED) in the same Company.
• Amit Mishra, currently GM of New India Assurance Company Ltd (NIACL), has been
appointed as ED in OICL. Hitesh Ramesh Chandra Joshi, currently GM in GIC Re, has been
appointed as ED in the same Company.
• Prasad C.G., currently GM in NIACL, has been appointed as ED in NICL. Sunita Gupta,
currently GM in Oriental Insurance Company Ltd (OICL), has been appointed as ED in UIICL.
• Radhika C.S., currently GM in United India Insurance Company Ltd (UIICL), has been
appointed as ED in GIC Re. T. Babu Paul, currently GM in National Insurance Company Ltd
(NICL), has been appointed as ED in the same Company.
• Dasarathi Singh, currently GM in Agriculture Insurance Company of India Ltd, has been
appointed as ED in the same company.
• The aforementioned top executives have tenors ranging from less than a year to four years.
• Quant Mutual Fund, under SEBI lens in a front-running case, has appointed Shashi Kataria as
Chief Financial Officer. He has taken charge from July 1. Kataria has been appointed as Chief
Financial Officer, Operations Head and Executive Director of Quant Money Managers in place
of Harshal Patel, who has resigned due to personal reasons.
• He has previously worked with PPFAS AMC as CFO, COO and Director. He was also
associated with DSP Blackrock Investment Managers as Manager Finance.
19. Lithuanian President Gitanas Nausda Sworn In For Second Five-Year Term
• Lithuanian President Gitanas Nausda was sworn in for a second five-year term. The ceremony
commenced with a ceremonial event at the Lithuanian Parliament, the Seimas, where Mr.
Nauseda took the presidential oath with his hand on the Constitution. On this occasion, the 60-
year-old economist, Mr. Nauseda proposed increasing Lithuania’s defense budget to four per
cent of GDP.
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20. Khadga Prasad Sharma Oli was sworn in as Prime Minister of Nepal.
• NepalRs. s Khadga Prasad Sharma Oli was sworn in as Prime Minister after his communist
party forged a coalition government with the centre-left Nepali Congress.
• Oli, chief of the second-largest party in the parliament, the Communist Party of Nepal - Unified
Marxist Leninist (CPN-UML), returns as prime minister for the fourth time. First elected as
prime minister in 2015, then in 2018, and then reappointed in 2021.
21. Goldman Sachs appoints Sudarshan Ramakrishnan and Devarajan Nambakam as the co-
heads of Investment Banking in India.
• The News Broadcasters & Digital Association (NBDA) has unanimously elected India TV
chairman Rajat Sharma as its president. He replaces Avinash Pandey, the former CEO of ABP
Network.
• NBDA is the largest organisation of news broadcasters and digital media in India, consisting of
almost all major news networks in the country.
• The government has appointed Robert Jerard Ravi as the new BSNL chairman and managing
director (CMD) for a period of six months. Ravi is currently appointed as deputy director
general, standards, research, and innovation at the Department of Telecommunications (DoT).
He will hold additional charges as CMD BSNL, CMD MTNL, and CMD BBNL effective July
15, according to DOT.
• Ravi will replace PK Purwar, whose tenure is expiring on July 14. Purwar assumed charge as
BSNL CMD in July 2019. During the period of holding additional charge, Ravi will not be
entitled to any additional remuneration.
24. Vikram Misri, who has served in US and China, takes charge as Foreign Secretary.
• Veteran diplomat Vikram Misri, IndiaRs. s former envoy to Beijing and an expert on China,
took over as the foreign secretary after Vinay Kwatra completed his tenure. Misri, an officer of
the 1989 batch of the Indian Foreign Service (IFS) who has the rare distinction of serving as
private secretary to three prime ministers, last held the post of deputy national security adviser
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25. HSBC appoints Georges Elhedery as group chief executive, replaces Quinn.
• HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next
CEO,a choice that highlights the global lenderRs. s preference for continuity as it looks to
kickstart growth. Elhedery, 50,who becomes HSBCRs. s third chief executive in less than eight
years, will replace outgoing head Noel Quinn on Sept. 2.It has traditionally appointed its CEO
from within The 160-year-old lender did consider external candidates, in this company.
26. ESAF SFB gets RBI nod for re-appointment of K Paul Thomas as MD & CEO.
• ESAF Small Finance Bank said it has received the Reserve Bank of IndiaRs. s (RBIRs. s) nod
for the re-appointment of K Paul Thomas as its Managing Director & CEO for another three
years. his approval was communicated via the RBIRs. s letter dated May 16, 2024, granted
under the Banking Regulation Act, 1949, the bank said in a statement.
• The bank will seek approval from the shareholders for the said re-appointment within the
prescribed period. Additionally, Paul Thomas is the Chairman of the Board of Sa-Dhan, the
association of microfinance and impact finance institutions
27. South Indian Bank names Dolphy Jose as Whole-time Director (ED).
• The South Indian Bank Limited has named Dolphy Jose as the Whole-time Director (Executive
Director) of the Bank, commencing July 15, 2024. Dolphy Jose is an accomplished banker with
more than 25 years of expertise in the financial industry.
• Jose has previously held key positions, most notably as Executive Vice President of
institutional Business (Retail Liabilities) at Kotak Mahindra Bank Ltd. for nearly two decades.
He also worked for The Karur Vysya Bank as Chief General Manager and Group Head-
Consumer Banking, where he displayed remarkable leadership and skill.
28. Kagame secures fourth term as RwandaRs. s president with 99% of the vote.
• Rwandan President Paul Kagame by Rwandan Patriotic Front (RPF), was gearing up for a
fourth term in office after winning a thundering 99.15 percent of the vote in an election where
only two challengers were allowed to run against him. Democratic Green Party candidate Frank
Habineza could only muster 0.53 percent and independent Philippe Mpayimana 0.32 percent.
29. Sanjeev Krishan re-elected for second term as PwC India Chairperson.
• PwC India announced that Sanjeev Krishan, 53, has been re-elected for a second term as
Chairperson of PwC in India, for a four-year period beginning on April 1, 2025. As
Chairperson, Krishan will continue to lead PwC in India, representing them externally and
internally. He will also continue to serve on the PwC Global Strategy Council.
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30. RBI approves appointment of former Kotak executive KV Subramanian as CEO & MD of
Federal Bank.
• The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat
Subramanian as Managing Director & Chief Executive Officer of Federal Bank,
SubramanianRs. s three-year term will commence from September 23, 2024, immediately
following the conclusion of the current MD & CEO, Shyam SrinivasanRs. s tenure on
September 22, 2024.
• Subramanian has previously served as the Joint Managing Director of Kotak Mahindra Bank
Limited until April 30, 2024, having led various critical divisions including Corporate Banking,
Commercial Banking, Private Banking, and Asset Reconstruction.
• All duties of MyanmarRs. s figurehead president have been transferred to the chief of the ruling
junta, Min Aung Hlaing, after the nominal head of state was placed on medical leave following
a period of prolonged illness, Myanmar has been in engulfed in chaos since Feb. 2021 when the
military led by Min Aung Hlaing ousted an elected civilian government in a coup,
• triggering a wave of protests that has transformed into a nationwide armed rebellion against the
junta. Although Myint Swe, 73, is only a figurehead president, the junta has depended on him
to sign its decrees and provide a veneer of legitimacy to its rule, which is struggling to contain
an expanding civil war and manage a crumbling economy.
• Cmde D.K. Murali, IN (Retd.), has taken over as Chairman and Managing Director (CMD) of
Broadcast Engineering Consultants India Limited (BECIL), a Mini Ratna Central Public Sector
Enterprise (CPSE) under the Ministry of Information & Broadcasting. Cmde Murali, who
served in the Indian Navy for nearly 35 years, expressed his enthusiasm about his new role.
• In a related development, the Public Enterprise Selection Board (PESB) has selected Brijesh
Dixit for the position of Managing Director at Rajasthan Electronics and Instruments Limited
(REIL), a Schedule Rs. CRs. Central PSU. Dixit, currently the Executive Director (Depot &
Machineries) in the Indian Railway Service of Mechanical Engineers, was chosen from 12
candidates.
• His appointment is subject to requisite clearances and ACC approval, with incumbent MD
Rakesh Chopra set to retire on July 31, 2024.
• The Estonian parliament on Monday voted for Climate Minister Kristen Michal to take over as
prime minister,with 64 votes in favor and 27 against. Michal will succeed Kaja Kallas, who
resigned as prime minister on July 15 to become the European UnionRs. s new chief diplomat.
• Following her resignation, Kallas named Michal as a possible candidate to succeed her as prime
Minister,
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• And chairman of the party. Both politicians hail from EstoniaRs. s centrist Reform Party.
Michal will lead the same majority coalition as his predecessor, which is composed of Reform,
the liberal party Estonia 200, and the center-left Social Democrats.
• The Ministry of Home Affairs (MHA) appointed senior IPS officer Hargobinder Singh
Dhaliwal as the new Director General of Police of Andaman and Nicobar Islands. Before his
new role, Dhaliwal, a 1997-batch IPS officer, served as the special commissioner of police in
New Delhi, overseeing traffic zone II.
• Veteran filmmaker Shekhar Kapur, known for films such as "Mr India", "Bandit Queen" and
"Elizabeth", has been appointed festival director for the International Film Festival of India
(IFFI).
• Mr. Kapur will head the festival, held annually in Goa, for the 55th and 56th editions, the
Information and Broadcasting Ministry said in a notification
36. India takes over as chair of disaster risk reduction organisation ADPC
• India has taken over as the Chair of Asian Disaster Preparedness Centre (ADPC), an
autonomous international organisation for cooperation in and implementation of disaster risk
reduction and building climate resilience in Asia and the Pacific region, for 2024-25.
• Rajendra Singh, Member & HoD, National Disaster Management Authority (NDMA), has
taken over as the Chair of Asian Disaster Preparedness Centre (ADPC) from People Republic
of China for the year 2024-25 in Bangkok, Thailand.
• President Droupadi Murmu has appointed new Governors in nine states and a new Lieutenant
Governor in Puducherry. 1. Former Maharashtra Assembly Speaker Haribhau Kisanrao Bagde
has been appointed Governor of Rajasthan. 2. Former Tripura Deputy Chief Minister Jishnu
Dev Varma has been appointed Governor of Telangana.
• 3. The President has appointed former Rajya Sabha MP Om Prakash Mathur as Governor of
Sikkim. 4. Former Union Minister Santosh Kumar Gangwar has been appointed as Governor of
Jharkhand. 5. former Lok Sabha MP from Assam Ramen Deka has been made Governor of
Chhattisgarh. 6. Former Karnataka Minister CH Vijayashankar has been appointed as Governor
of Meghalaya.
• 7. CP Radhakrishnan who is presently Governor of Jharkhand has been made Governor of
Maharashtra. 8. Assam Governor Gulab Chand Kataria has appointed as Governor of Punjab
and Administrator of the Union Territory of Chandigarh. 9. Sikkim Governor Lakshman Prasad
Acharya has been appointed as Governor of Assam and has also been given additional charge
as Governor of Manipur.
• Former IAS officer K Kailashnathan has been appointed Lieutenant Governor of Puducherry.
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38. Olympic Games 2024: Nita Ambani re-elected unanimously as IOC Member.
• The International Olympic Committee (IOC) has announced that Nita M. Ambani, leading
Indian philanthropist and Founder of the Reliance Foundation has been re-elected unanimously
as the IOC from India at the 142nd IOC session in Paris that is currently underway, winning
unanimously with 100% of the vote.
• Nita Ambani was first appointed to join the prestigious body in 2016, at the Rio de Janeiro
Olympic Games. Since then, as India’s first woman to join the IOC, Nita Ambani has already
made great strives for the association, whilst also championing India’s sporting ambitions and
Olympic vision.
• This includes recently hosting the first IOC session in Mumbai for over 40 years, in October
2023, which was hailed as showcasing the new, ambitious India to the world. As part of a long-
term partnership with the Indian Olympic Association (IOA), Reliance Foundation is opening
the first-ever India House at the Paris Olympics 2024 this summer.
39. Venezuelan presidential election: Maduro wins 3rd term in disputed polls.
• Authoritarian leader Nicolas Maduro has been declared the victor in Venezuela's presidential
election for a third consecutive term, sparking immediate protests from opposition supporters
and concerns about the integrity of the voting process. The announcement, made by Elvis
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Amoroso, head of the National Electoral Council, revealed that Maduro secured 51 percent of
the vote,
• While his main opponent, Edmundo Gonzalez, garnered 44 percent. The election marks a
critical moment for Venezuela, which has been under single-party rule for 25 years. Maduro,
seeking a third term, faced an unexpected challenge from Edmundo Gonzalez, a retired
diplomat who emerged as the opposition candidate just months before the election.
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Awards
1. Foxconn Chairman Young Liu receives Padma Bhushan.
• Foxconn Chairman Young Liu received the Padma Bhushan from Manharsinh Yadav of India
Taipei Association. Liu was conferred with Padma Bhushan, the third-highest civilian award,
on the eve of the 75th Republic Day this year.
• Foxconn is not only expanding its iPhone production facility but is also setting up a chip plant
in a joint venture with HCL Group.
2. Arundhati Roy wins PEN Pinter award for Rs. defining real truth of societyRs.
• Writer Arundhati Roy has won the PEN Pinter Prize 2024. She will receive the award in a
ceremony co-hosted by the British Library on 10 October 2024. The prize will be shared with a
Writer of Courage: a writer who is active in defence of freedom of expression, often at great
risk to their own safety and liberty. The PEN Pinter Prize was established in 2009.
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4. HCLTech Chairperson Roshni Nadar Malhotra conferred with FranceRs. s highest civilian
award.
• Roshni Nadar Malhotra, Chairperson of HCL Tech, has been awarded the Rs. Chevalier de la
Lgion d’ Honneur’s (Knight of the Legion of Honour) by France. The award was presented by
H.E. Thierry Mathou, Ambassador of France to India, at a ceremony in Delhi, on behalf of the
French President.
• The highest Civilian award, it recognizes her contributions to the business world, constant
endeavour to promote economic ties between France and India, as well as her unwavering
commitment to social and environmental causes.
• Nagaland has been adjudged as the best state in Horticulture in the prestigious Agriculture
Leadership Awards 2024. The award was given to the state for its outstanding work in
introducing innovative programmes and policies for horticulture development, which has
positively touched the lives of large number of farmers and the rural people in the State.
• The annual awards were instituted in 2008 for recognizing excellence and leadership roles
played by individuals and organizations towards the development of Indian agriculture and
bringing about rural prosperity. Nagaland has achieved G.I registration of three horticultural
crops viz., Naga Mircha, Naga Tree Tomato and Naga Sweet Cucumber.
6. Indian ship captain, crew win Rs. exceptional bravery awards for Red Sea rescue.
• Captain Avhilash Rawat and his crew of an oil tanker have been named among the winners of
the International Maritime Organisation (IMO) 2024 Award for Exceptional Bravery at Sea for
their Rs. extraordinary courage’s shown in a Red Sea rescue mission, For the "determination
and endurance" demonstrated.
• Captain Brijesh Nambiar and the crew of the Indian Navy ship INS Visakhapatnam have been
conferred a Letter of Commendation for their support to the oil tanker when in distress.
• A total of 41 nominations were received from 15 member states and three non-governmental
organisations in consultative status with IMO.
• Nominations were initially reviewed by an Assessment Panel, and their recommendations were
considered by a panel of judges, who ultimately selected the recipients of honors.
• The recommendations of the Panel of Judges have now been endorsed by the IMO Council,
meeting for its 132nd session being held in London.
• Rawat and his crew were declared winners by the IMO on Wednesday for the Rs. determination
and endurance’s demonstrated while coordinating firefighting and damage control efforts to
combat a fire that broke out after an anti-ship missile reportedly fired by Iranian-backed Houthi
rebels struck their vessel Rs. Marlin LuandaRs. earlier this year.
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7. Paytm Payments Bank appoints ex-IDBI Bank executive Arun Bansal as new CEO.
• Paytm Payments Bank, an associate entity of One97 Communications (OCL), which operates
the Paytm brand, has appointed Arun Kumar Bansal as managing director (MD) and chief
executive officer (CEO). Bansal is a former IDBI Bank executive.
• The Reserve Bank of India (RBI) had approved Bansal’s appointment as the MD and CEO of
the payments bank, he communicated on June 2024 to IDBI Bank. He resigned from his
position as the executive director and head of treasury (on contract) at IDBI Bank. Paytm PBRs.
s former MD and CEO, Surinder Chawla, resigned on account of personal reasons in April
2024.
8. ICC Honoured Six Nations In Associate Cricket With ICC Development Award For 2023.
• The International Cricket Council (ICC) has honoured six nations in associate cricket with the
ICC Development Award for 2023. Mexico, the South American country known for its
excellence in the world of football, has now been honoured for its excellence in Cricket.
• Oman, the Netherlands, the United Arab Emirates, Nepal, and Scotland are other emerging
countries that got this honour from the ICC for their efforts in the sport during the last calendar
year. The ICC Development Award was started in 2002 to recognise the efforts and
achievements of ICC associate member nations.
9. MoHUA organises Rs. Utkrishtata ki Ore Badhte KadamRs. event, awarding best
performers under PM SVANidhi and DAY-NULM
• The Ministry of Housing and Urban Affairs (MoHUA) organised an event on 18th July 2024,
named Rs. Utkrishtata ki Ore Badhte Kadam: Celebrating Achievements, Inspiring
Excellence’s to felicitate best performers under PM Street Vendor’s Atma Nirbhar Nidhi (PM
SVANidhi) Yojana and Deendayal Antyodaya Yojana - National Urban Livelihoods Mission
(DAY-NULM).
• The PM Street Vendor’ s Atma Nirbhar Nidhi (PM SVANidhi) scheme, launched on June 1,
2020, is a central sector scheme that aims to provide collateral-free working capital loans up to
Rs. 80,000 to urban street vendors incentivising regular repayment with a 7% interest subsidy,
rewarding digital transactions with cashback up to Rs. 1,200 per year.
• Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) launched
by the Ministry of Housing and Urban Affairs, Government of India on September 24th, 2013,
aims to reduce poverty and vulnerability of the urban poor households by enabling them to
access gainful self-employment and skilled wage employment opportunities.
• DAY-NULM has empowered 98 lakh urban poor households through the creation of self-help
groups, created over 38 lakh livelihoods through skill training and entrepreneurship, and built
almost 2,000 permanent shelters for the urban homeless.
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Performance Recognition for Access to Financial Inclusion and Street Vendor’s Empowerment
(PRAISE) Awards (PM SVANidhi): Award Category: Rs. Best Performing States – Rs. Loan
Performance’s : - Largest States: -
• Ladakh (1st)
• Puducherry (2nd)
• Assam (1st)
• Sikkim (2nd)
• Maharashtra (1st)
• Uttar Pradesh (2nd)
Award Category: Rs. Best Performing Lending Institutions- Rs. Loan Performance’ Public &
Private Sector Banks: -
Award Category: Rs. Best Performing States- Rs. Innovation and Best Practices
• Kerala (1st)
• Uttar Pradesh (2nd)
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• Rajasthan (3rd)
• UMC (1st)
• KAASS (2nd)
• Navinya (3rd)
10. Abhinav Bindra Awarded Prestigious Olympic Order By IOC; Becomes First Indian To
Receive Award.
• The International Olympic Committee Executive Board has decided to award India’s first
individual Olympic gold medallist Abhinav Bindra with the Olympic Order for his outstanding
services to the Olympic Movement. The award will be given during the 142nd IOC Session in
Paris on 10th of August 2024.
• The Olympic Order is the highest award of the IOC, given for distinguished contributions to the
Olympic Movement. 41-year-old Bindra won the men’s 10-meter air rifle event at the 2008
Beijing Games and became the first Indian individual to win an Olympic gold medal. Bindra
has also been a member of the IOC Athlete Commission since 2018.
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• Chandrayaan-3, which made India the first country to land near the lunar South Pole, has been
awarded the World Space Award by the International Astronautical Federation (IAF). This
milestone achievement places India among the elite group of nations, including the US, Russia,
and China, that have successfully conducted soft landings on the moon.
• According to reports, the award ceremony will take place on October 14 during the opening of
the 75th International Astronautical Congress in Milan, Italy, over a year after Chandrayaan-
3Rs. s historic landing on August 23, 2023.To commemorate the first anniversary of
Chandrayaan-3Rs. s landing, several events have been planned across India, celebrating this
exploration history.
12. Union Minister Dr. Jitendra Singh conferred the prestigious Rs. Lifetime Achievement
AwardRs. .
• In a ceremony to mark the International Meet of leading medical celebrities, professionals and
Medicos from all over the country and abroad, Union Minister Dr. Jitendra Singh was conferred
the prestigious Rs. Lifetime Achievement Award’s in recognition of his exemplary dedication
to the advancement of diabetology, diabetes care and diabetes research.
• The various awards received by him in the past include the "Gold Medal for Oration" from
Jawaharlal Institute of Postgraduate Medical Education & Research (JIPMER) Puducherry and
the coveted Rs. Jamna Devi Gian Devi Award" for journalism. The citation described Dr
Jitendra Singh as an author of eight books and three Monograms on various aspects of
Diabetes.
• Diabetes awareness books written by Dr Jitendra Singh, one of the books titled "Diabetes Made
Easy" was included in the Best-seller section of the World Book Fair held at Pragati Maidan,
New Delhi. Dr. Jitendra Singh’s pioneering work on Rs. Stress Diabetes in Kashmiri Migrant’s
was hailed by the World Health Organization (WHO).
• The citation read out by Dr. V. Mohan, Chairman of Dr. Mohan’s Diabetes Speciality Centre
and Madras Diabetes Research Foundation, Chennai, described Dr. Jitendra Singh as a teacher
Professor, researcher, and practitioner of Diabetology, who rose from the grassroots to earn a
name for himself as well as the State and country to which belongs.
• The citation also mentions the unique distinction conferred on Dr Jitendra Singh as the Lifetime
Pattern of RSSDI (Research Society for the Study of Diabetes in India), the largest academic
association of Diabetologists.
13. India- Saudi Arabia hold first meeting of the High-Level Task Force on Investments.
• The first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired
by the Principal Secretary to the Prime Minister H.E. Dr. P.K. Mishra and the Saudi Energy
Minister His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud was held, In
virtual mode. The two sides reviewed the discussions held between the technical teams of the
Task force
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• Principal Secretary to the PM reiterated the firm intention of the Government of India to
provide active support to Saudi investments of the order of US$ 100 billion that were
committed during the visit of the Crown Prince and PM of Saudi Arabia.
• The two sides had a detailed review of the measures aimed at promoting two-way investments
in a mutually beneficial manner.
• Constructive discussions were held on various opportunities for bilateral investments in diverse
areas in public and private sector, including refining and petrochemical plants, new and
renewable energy, power, telecom, innovation, among others.
14. Nobel Prize winner Rigoberta Mench Tum gets Gandhi Mandela Award.
• Nobel Peace Prize laureate Rigoberta Mench Tum received the Gandhi Mandela Award 2020
on Nelson Mandela's 106th birth anniversary for promoting the values of Gandhi and Mandela,
including community service and social development. Mench, a Guatemalan human rights
activist, has long advocated for Indigenous rights.
• Mench, a Guatemalan human rights activist, has long advocated for Indigenous rights. The
award honors individuals embodying Gandhi and Mandela's principles, with His Holiness Dalai
Lama receiving it in 2019. Rigoberta Mench's work has earned her numerous accolades,
including the Nobel Peace Prize in 1992 and the Princess of Asturias Award in 1998.
15. DMRC wins Global Water Tech Award for environmental initiatives.
• The Delhi Metro Rail Corporation (DMRC) has received the 'Global Water Tech Award 2024'
in the 'organisation' category for its initiatives in environmental conservation, according to an
officials. Global Energy and Environment Foundation (GEEF) presented the honour,
recognising DMRC's efforts in water conservation and efficient utilisation of water resources
across Delhi.
• Its key initiatives include rainwater harvesting pits, sewage treatment plants, and the use of
treated effluent for construction, horticulture, and dust suppression at various sites. During its
first phase of construction, DMRC rejuvenated the dry Sarpakar Lake in the ridge area using
"dewatered water" obtained from one of its construction site near Delhi University.
• Currently, dewatered water from Phase-IV construction is being used to rejuvenate Roshanara
Bagh Lake, with more than a kilometre of pipeline laid by DMRC to facilitate this, it said.
Additionally, treated water from sewage treatment plants meets the water requirements for
maintaining horticulture at DMRC premises including staff quarters, depots, and Metro
Bhawan.
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• India provisionally created 46.7 million jobs in the financial year ended March 2024, taking the
country’s total employment to 643.3 million, a Reserve Bank of India report. The country’s
employment growth rate stood at 6% in that fiscal year, versus 3.2% in the previous fiscal year,
the RBIRs. s report on measuring industry-level productivity and employment showed.
2. IndiaRs. s PMI surges in June, steel and services sectors drive economic growth: SBI
• The manufacturing Purchasing Manager’s Index (PMI) soared in June 2024, driven by robust
demand and the highest hiring activity in 19 years, according to an SBI report. Concurrently the
Eight Core Industries Index expanded by 6.5 percent year-on-year in the first two months of
FY25 buoyed primarily by increased activity in essential sectors such as coal, natural gas ,etc.
• However, segments like fertilizers and cement witnessed growth due to base effects. Steel
demand continued to surge, registering double-digit growth year-on-year, supported by robust
demand from sectors like real estate, which saw a significant uptick with home construction
across major cities hitting an 11-year high in the first half of the calendar year 2024.
• This domestic demand surge has bolstered steel production and contributed to overall industrial
expansion. On the other hand, auto sales faced challenges, slowing down due to adverse
weather conditions and base effects despite attractive discounts offered by Original Equipment
Manufacturers (OEMs).
3. Vietnam tops list of most affordable countries for expats, India ranks 6th.
• Vietnam has done it again: For the fourth year in a row, this Southeast Asian country has been
crowned the most affordable destination for immigrants, according to a 2024 study by
InterNations. Out of 53 destinations, Vietnam clinched the top spot, shining in areas such as
quality of life, digital connectivity, housing, language, career prospects, salary, and job security.
• Vietnam, Colombia, Indonesia, Panama
• , Philippines, India, Mexico, Thailand, Brazil, and China are the top ten countries. Canada took
the last position at 53, The next worst was Finland at 52 and Singapore made it to the bottom at
48 and 75 percent of the expats surveyed rated the cost of living negatively.
4. IndiaRs. s overall SDG score on national index up in 2023-24 at 71: NITI Aayog report
• SDG India Index 2023-24, the fourth edition of the country’s principal tool for measuring
national and subnational progress on the Sustainable Development Goals (SDG) was released
by NITI Aayog. The launch of the SDG India Index in 2018 provided the impetus for the
localisation push, reaffirming States and UTs as key stakeholders in this transformative
journey.
• SDG India Index 2023-24 measures and tracks national progress of all States and UTs on 113
indicators aligned to the Ministry of Statistics and Programme Implementation’s (MoSPI)
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National Indicator Framework (NIF). The SDG India Index computes goal-wise scores on the
16 SDGs for each State and UT.
• Overall State and UT scores or Composite Scores are generated from goal-wise scores to
measure the aggregate performance of the sub-national unit based on its performance across the
16 SDGs. These scores range between 0Rs. 100, and if a State/UT achieves a score of 100, it
signifies it has achieved the targets. The higher the score of a State/UT, the greater the distance
cover
• India has taken significant strides in accelerating progress on the SDGs between the 2020-21
and 2023-24 editions of the Index. Noteworthy advancements have been observed in Goals 1
(No Poverty), 8 (Decent Work and Economic Growth), 13 (Climate Action). These are now in
the Rs. Front RunnerRs. category (a score between 65Rs. 99).
• Key interventions facilitating SDG achievements include:
• Over 4 crore houses under the PM Awas Yojana (PMAY),
• 11 crore Toilets & 2.23 lakh Community Sanitary Complexes in rural areas
• 10 crore LPG connections under PM Ujjwala Yojana,
• Tap water connections in over 14.9 crore households under Jal Jeevan Mission
• Over 30 crore beneficiaries under Ayushman Bharat -Pradhan Mantri Jan Arogya Yojana
• Coverage of over 80 crore people under the National Food Security Act (NFSA)
• Access to 150,000 Ayushman Arogya Mandir which offer primary medical care and provide
affordable generic medicines
• Direct Benefit Transfer (DBT) of Rs. 34 lakh crore made through PM-Jan Dhan accounts.
• The Skill India Mission has led to over 1.4 crore youth being trained and upskilled and has
reskilled 54 lakh youth
• PM Mudra Yojana sanctioned 43 crore loans aggregating to Rs. 22.5 lakh crore for
entrepreneurial aspirations of the youth besides Funds of Funds
• Start Up India and Start Up Guarantee schemes assisting the youth
• The Saubhagya scheme for access to electricity
• Emphasis on renewable energy resulted in an increase in solar power capacity from 2.82 GW to
73.32 GW in the past decade.
• Between 2017 and 2023, India has added around 100 GW of installed electric capacity, of
which around 80% is attributed to non-fossil fuel-based resource.
• Improvement in digital infrastructure with reduced internet data costs by 97% which has in turn
positively affected and fostered financial inclusion.
The SDG India Index 2023-24 demonstrates the increase in composite scores across all States, with
improvements ranging from 1 to 8 points. Leading the way in terms of score improvement are Assam,
Manipur, Punjab, West Bengal, and Jammu and Kashmir, each achieving a positive change of 8 points
since the 2020-21 edition.
• Automobile exports from India rose 15.5 percent year-on-year in the June quarter with all
verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM
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data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as
compared with 10,32,449 units in the same period of the last fiscal.
• Automobile exports from India had declined 5.5 percent in FY24 due to the monetary crisis in
various overseas markets.
• Overall exports stood at 45,00,492 units in the last fiscal year as compared with 47,61,299 units
in FY23.
• The final Rs. Report of India’s G20 Task Force on Digital Public Infrastructure’s by Rs.
India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation,
Financial Inclusion and Development’s was released in New Delhi. The Task Force was led by
the Co-Chairs, Shri Amitabh Kant, G20 Sherpa of India, and Shri Nandan Nilekani, Co-founder
and Chairman of Infosys.
• The work of this Task Force had led to the acceptance of the definition and framework of the
Digital Public Infrastructure (DPI) during India’s G20 Presidency and will be taken forward for
implementation during the Brazilian and South African Presidencies.
• After a very successful G20 Presidency and upon the culmination of its tenure, the Report of
the Task Force is aimed at strengthening the foundations of DPI worldwide. The Report
encompasses three essential parts that collectively unravel the approach for global DPI
advancement and adoption.
• In Part 1, the DPI Approach emerges as a transformative paradigm that effectively addresses
global challenges through innovative technological solutions. Part 2 of the Report delves into
how India has steered its DPI agenda, especially during its G20 Presidency in 2023 under its
various working groups,
• including the Global Partnership for Financial Inclusion (GPFI) of Finance Track and Digital
Economy Working Group (DEWG) of Sherpa Track. In Part 3 of the Report, a forward-looking
perspective is presented, outlining a strategic blueprint for elevating DPI across various sectors,
as well as on a global scale through a range of its policy recommendations.
• The task force was established in January 2023 to oversee and facilitate achieving India’s G20
Presidency agenda and priorities on Digital Public Infrastructure (DPI) and Financial Inclusion.
The Task Force looked at ways G20 member countries can boost productivity by adopting
digital technology and DPI across sectors as well as help the government’s digital economy
policy.
7. Google, Tata Motors, Amazon, Jio and Apple ranked as the Rs. most inclusiveRs. brands in
India : Kantar study.
• Leading marketing data and analytics business, Kantar launches the Brand Inclusion Index
(BII), a global study that reveals that 75% of consumers say that a brand’s diversity and
inclusion reputation influences their purchase decisions.
• A staggering 68% of Indians claim to have been discriminated against in the majority of cases
in commercial places and brand touchpoints, which is substantially higher than the global figure
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which stands at 46%. The study also showcases that DEI is important for an overwhelming
majority of Indians, both in life and while making brand choices, with 86% of respondents.
• Kantar’s Brand Inclusion Index 2024 is a survey of more than 23,000 people in 18 countries,
the India leg comprises 1000 plus respondents with an inclusive demographic which is gender
expansive, disability, socio-economic class, religion etc.
8. Principal Scientific Adviser to GoI launches report on e-mobility R&D roadmap for India to
achieve net-zero targets.
• The Rs. e-mobility R&D Roadmap for India’s report was launched by Professor Ajay Kumar
Sood, Principal Scientific Adviser to the Government of India at Vigyan Bhawan Annexe in
New Delhi. The R&D roadmap has been prepared after detailed horizon scanning of the global
automotive sector and identifying future cutting-edge technological requirements.
• It categorizes research projects into four important areas: Energy Storage Cells, EV Aggregates,
Materials and Recycling, Charging and Refueling, and provides clear pathways to attain global
leadership by being Atmanirbhar in the next five years.
• Prof. Sood highlighted that India aims to achieve a 45% reduction in emission intensity by 2030
and energy independence by 2047 to reach net-zero commitment by 2070. A significant part of
this vision will require the wider adoption of electric vehicles, manufacturing of indigenous
energy storage systems, and generation of renewable energy to feed charging infrastructures.
• The report, "e-mobility R&D Roadmap for India", has been prepared by the Automotive
Research Association of India (ARAI), Pune, under the overall guidance of the government’s
Consultative Group on e-Mobility. It highlights research projects for 34 critical areas of electric
mobility, with an estimated cost of INR 1151.65 crore during a span of the next five years.
9. Virat Kohli tops Celebrity Brand Valuation in 2023; Ranveer Singh second, SRK third.
• Indian cricket icon Virat Kohli has surpassed Bollywood superstars Shah Rukh Khan and
Ranveer Singh to become India’s most valued celebrity. According to Kroll’s Celebrity Brand
Valuation Report 2023, Kohli’s brand value has surged by 29%, reaching an impressive $227.9
million, Ranveer Singh, with a brand value of $203.1 million, occupies the second rank,
• Shah Rukh Khan has made significant strides, ascending to the third position with a brand value
of $120.7 million, Akshay Kumar remains in the fourth spot, and Alia Bhatt continues to be a
prominent figure maintaining her fifth position.
10. India Ranks 82nd On Global Passport Index With Visa-Free Access To 58 Countries.
• India has been ranked 82nd spot on a global passport index, allowing Indians visa-free entry to
58 countries, including popular destinations like Indonesia, Malaysia and Thailand. According
to the latest ranking by the UK-based Henley Passport Index, India’s passport now ranks at an
improved 82nd spot.
• The ranking is based on data from the International Air Transport Association(IATA).
Singapore occupied the top spot in the Index with its citizens having visa-free entry to 195
countries. It dethroned Japan from first place, which is now in second place along with Spain,
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France, Germany, and Italy.The passports of all five countries allow visa-free access to 192
destination.
• An unprecedented seven-nation cohort, each with access to 191 destinations without a prior
visa- Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden -- now sit
in 3rd place on the ranking. The UAE made it into the Top 10 for the first time, having added
an impressive 152 destinations since the index’s inception in 2006 its current visa-free score
185.
11. India Among Top 3 Countries in Forest Area Gains: FAO Report.
• According to a new report by the Food and Agriculture Organization (FAO). India gained
2,66,000 hectares of forest area annually from 2010 to 2020, securing the third spot among the
top 10 countries with the most significant forest area gains during this period, The report, said
that China led the world with the maximum forest area gain of 1,937,000 hectares,
• followed by Australia with 4,46,000 hectares, and then India. Other countries in the top 10
include Chile, Vietnam, Turkey, the United States, France, Italy and Romania. The report
highlighted a significant reduction in deforestation in some countries. For example, Indonesia
saw an 8.4 percent decline in deforestation from 2021 to 2022,
• while Brazil’s Amazon experienced a 50 percent reduction in deforestation in 2023. The FAO
report also said that the rate of gross global mangrove loss decreased by 23 percent during the
periods from 2000 to 2010 and 2010 to 2020.
12. Tata AIA Features in Top 10 Global Ranking with 2584 MDRT Qualified Advisors.
• Tata AIA Life Insurance (Tata AIA), one of IndiaRs. s leading life insurance companies, is
pleased to announce that the company has secured 6th position in the Global Million Dollar
Round Table (MDRT) rankings for 2024. The Company achieved the largest number of
MDRT-qualified Life Insurance Advisors in India with 2584 registered MDRTs.
• The company ranked 1st in India and 7th globally among companies with Female MDRT
Members.
• Tata AIA has benefited by having a large count of MDRT agents and employees as it
strengthens its leadership position on persistency, by being ranked No. 1 in 4 of the 5
persistency cohorts.
• The Ranking is the basis of the registered count of the Insurance Agents.
• The "Economic Case for Investment in the Well-being of Adolescents in India" report,
launched, builds on the global findings from "Adolescents in a Changing World Rs. The Case
for Urgent Investment". The report underscores the substantial economic benefits of investing
in adolescent well-being.
• Report by - Partnership for Maternal Newborn and Child Health (PMNCH). It highlights seven
key programmes in areas such as adolescent health, education, child marriage prevention, and
road safety, which are expected to yield impressive returns on investment. For every dollar
invested, returns are estimated to range from $4.6 to $71.4.
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• An investment of $33 billion per annum across various sectors by the government, private
sector, civil society, communities, and families is projected to yield returns of $476 billion per
annum, enhancing the gross domestic product (GDP) by an average of approximately 10.1%.
• This underscores the crucial role that successive cohorts of adolescents will play in shaping
IndiaRs. s economic and social future. While the report presents empirical data to estimate the
benefit-cost ratio (BCR) for seven major intervention programmes, it also emphasises the need
for additional interventions to further enhance adolescent well-being.
14. India's boutique hotel features among TIME's 'The World's 100 Greatest Places of 2024'.
• India's Naar boutique hotel in Himachal Pradesh, Manam Chocolate factory in Hyderabad, and
Museum of Solutions in Mumbai have made it to the list of the world's 100 greatest places to
visit in 2024. TIME magazine has released a list of the world's 100 greatest places to visit in
2024. Naar is a boutique hotel located in Kasauli, Himachal Pradesh.
• The venture was started by Prateek Sadhu, a Kashmiri chef who returned to the mountains after
working abroad. Manam is a chocolate factory located in Banjara Hills, Hyderabad. According
to a TIME article, Manam works with farmers and fermenters in Andhra Pradesh to bring
Indian cocoa to a global stage.
• The magazine said in an article that for the 2024 list of the World's greatest places, TIME
nominated places such as hotels, restaurants, museums, restaurants, parks, etc., through an
international network of correspondents and applications.
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Important Days
1. National Chartered Accountant (CA) Day | 1 July
• The International Sports Press Association (AIPS) established World Sports Journalists Day on
July 2, commemorating the formation day of AIPS as an organisation in 1994 during the
Summer Olympics in Paris.
• This day is marked to honour the outstanding work of journalists in the field of sports
journalism.
• Every year on July 1, National Postal Worker Day is commemorated to recognise the
contributions of all individuals within the postal service, from clerks and drivers transporting
letters to distant locations, to delivery partners.
• Every year on July 3rd, the world comes together to celebrate International Plastic Bag Free
Day. This day aims to raise awareness about the harmful effects of plastic bags on our
environment and encourage people to adopt sustainable alternatives. This campaign was
launched in 2008.
• This year on July 6, cooperatives around the world will celebrate the International Day of
Cooperatives with the theme "Cooperatives Building a Better Future for All".Cooperatives will
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have the opportunity to showcase their current and historical contributions to building a
sustainable future, accelerating efforts to implement the Sustainable Development Goals (SDG)
by 2030
• The theme aligns well with the objectives of the upcoming UN Summit of the Future whose
theme is "Multilateral solutions for a better tomorrow". More than 12% of humanity is part of
any of the 3 million cooperatives on earth.
• In November 2021 at its 41st Session in Paris, the General Conference of UNESCO declared
July 7th World Kiswahili Language Day. By Resolution 41 C/61, Member States recognized
the critical role played by Kiswahili in promoting cultural diversity, creating awareness, and
fostering dialogue among civilizations. Theme for 2024 "Kiswahili: Education and Culture of
Peace".
• Increasing Public Awareness on World Zoonoses Day: Not All Animal Diseases Are Zoonotic.
To mark World Zoonoses Day, the Department of Animal Husbandry and Dairying has
organized an interactive session chaired by the Secretary of Animal Husbandry and Dairying
(AHD) on the eve of World Zoonoses Day.
• The day is observed on the 11th of July every year to focus on the challenges and opportunities
caused by the rising population. The importance of population issues, was established by the
then-Governing Council of the United Nations Development Programme in 1989.
• By a resolution in December 1990, the United Nations General Assembly decided to continue
observing World Population Day to enhance awareness of population issues, including their
relations to the environment and development. The Day was first marked on 11th July 1990 in
more than 90 countries. This year the theme is- Leave no one behind, count everyone.
• National Fish FarmerRs. s Day is celebrated on 10th July every year to recognize and
appreciate the invaluable contributions of fish farmers, aquaculture industry professionals, and
other stakeholders toward ensuring a sustainable and thriving fisheries sector.
11. Centre declares June 25 as Rs. Samvidhaan Hatya DiwasRs. to mark 1975 Emergency
struggle.
• The Central government has decided to observe June 25,the day the Emergency was declared in
1975,as Rs. Samvidhaan Hatya DiwasRs. , Union Home Minister Amit Shah announced.The
Government of India has decided to observe 25 June every year as Rs. Samvidhaan Hatya
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DiwasRs. , to remind us of the immense contribution of all those people who suffered the
inhuman pain of the Emergency of 1975
• Recognizing that sand and dust storms and their negative impacts at different scales are issues
of international concern, the United Nations General Assembly proclaimed 12 July as the
International Day of Combating Sand and Dust Storms. At least 25 % of global dust emissions
originate from human activities, and in some areas, desert dust has doubled in the 20th century.
• India has joined the rest of the nations to observe World Youth Skills Day 2024 Rs. A United
Nations initiative launched in 2014 that celebrates the strategic importance of equipping young
people with skills for employment, decent work, and entrepreneurship.
• The theme of World Youth Skills Day 2024 is Rs. Youth Skills for Peace and DevelopmentRs.
• Every year, Nelson Mandela International Day is observed on July 18. He is known for several
things, but perhaps he is best known for successfully leading the resistance to South AfricaRs. s
policy of apartheid in the 20th century.
• This yearRs. s Nelson Mandela International Day theme is Rs. Combatting poverty and
inequality is in our hands.
• International Justice Day 2024 or Day of International Criminal Justice is celebrated every year
on July 17 to mark the anniversary of the adoption of the Rome Statute in 1998. The Rome
Statute is the treaty that led to the establishment of the International Criminal Court (ICC). The
theme is Rs. Overcoming Barriers and Unleashing Opportunities for Social JusticeRs. .
• The Council of Scientific and Industrial Research CSIR-Central Road Research Institute
(CRRI) celebrates its 73rd Foundation Day On 16th July 2024 in the august presence of Dr. N.
Kalaiselvi, Secretary DSIR, Government of India, and DG CSIR, along with other eminent
dignitaries at its campus in New Delhi.
• The event also celebrated the presence of Dr. N. Kaliselvi, the 26th DG of CSIR and the first
woman to lead the organization in its 80-year history. Dr. Kaliselvi inaugurated the Rs. AcSIR
PhD Scholar LabRs. and delivered a keynote lecture, sharing her valuable insights and
guidance. She emphasised the need for private and alumni collaboration need of AcSIR.
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• International Chess Day, celebrated annually on 20 July, honours the ancient chess game and its
global impact. Recognised by UNESCO since 1966, this day promotes chess as a tool for
education, the development of logical thinking, and cultural exchange. This day is a tribute to
the gameRs. s rich history and its profound impact on cultures worldwide.
• Pi Approximation Day is celebrated every year on July 22nd because the date (22/7) is
commonly used as an approximation for the mathematical constant Rs. (pi). Pi denotes the
relationship between a circleRs. s circumference and its diameter and is denoted by the fraction
22/7 which calculates approximately to 3.14.
• National Flag Day is observed on July 22 and commemorates the Constituent Assembly’s 1947
adoption of India’s tricolour flag, just weeks before the countrys August 15 independence from
British colonial authorities. The National Flag Adoption Day was first celebrated in 2002, by
the Government of India.
• World Drowning Prevention Day, declared in April 2021 by General Assembly resolution
A/RES/75/273, is held annually on 25 July. This global advocacy event serves as an
opportunity to highlight the tragic and profound impact of drowning on families and
communities and to offer life-saving solutions to prevent it.
• Globally, an estimated 236,000 lives are lost to drowning every yearRs. an average of 650
every day, or 26 every hour.
• This year, under the overarching theme "Anyone can drown, no one should," the World Health
Organization has chosen the slogan "Seconds can save a life.
• Income Tax Day, celebrated on 24th July, marks a significant milestone in India’s fiscal
history. This day commemorates the introduction of income tax in India by Sir James Wilson in
1860. This day for the first time in 2010 marking 150 years of the introduction of Income tax in
India. This year marks the 165th occasion of National Income Tax Day.
22. CBC organizes Photo Exhibition on Silver Jubilee of Rs. Kargil Vijay DiwasRs. at Siri Fort
Auditorium, Delhi
• On the occasion of the Silver Jubilee of Rs. Kargil Vijay Diwas, an exhibition titled "Kargil
Vijay Diwas: Rajat Jayanti," was inaugurated today at Siri Fort Auditorium, New Delhi.
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• World Hepatitis Day is observed on July 28 each year to raise awareness of viral hepatitis and
its impact on global health. The primary objective is to support those affected by hepatitis and
promote hepatitis prevention, testing, and treatment. Hepatitis viral is still a silent killer that
kills many people every year. "It’s time to act" is the theme for World Hepatitis Day 2024.
• Every year on July 28th, World Nature Conservation Day acknowledges that the foundation for
a healthy society is a healthy environment. It's also a day to increase awareness about the
importance of protecting our natural resources. This year's theme is Advocate for international
cooperation and policy reforms to enhance environmental protection.
• International Tiger Day is a global initiative focused on protecting the natural habitats of tigers
and raising public awareness about their conservation. The goal of this Day is to protect and
improve tiger habitats while raising awareness of the importance of conservation with many
concerns that have contributed to the decline of Tigers including poaching, hunting etc.
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2. India participates in the 86th session of the Executive Committee of Codex Alimentarius
Commission
• India, as a member elected on a geographic basis (Asia), is actively participating in the 86th
session of the Executive Committee (CCEXEC) of the Codex Alimentarius Commission
(CAC). Shri G Kamala Vardhana Rao, CEO of the FSSAI represented India in the session
being held at the Food and Agriculture Organization (FAO) Headquarters in Rome from July
1st to 5th 2024.
• The Codex Alimentarius Commission, an international body established by FAO and the World
Health Organization (WHO), aims to protect consumer health and promote fair practices in
food trade. During the session, India strongly supported the advancement of standards
development for various spices, including small cardamom, turmeric, and vanilla.
• The two day’s. Global INDIAai Summit 2024 kickstarted at Bharat Mandapam, New Delhi
and the opening ceremony was graced by the Union Minister of Electronics and Information
Technology, Railways, and Information & Broadcasting, Government of India, Shri Ashwini
Vaishnaw.
• the Vice Minister, Ministry of Internal Affairs and Communications, Government of Japan, Mr.
Hiroshi Yoshida, Union Minister of State for Electronics and IT, and Commerce & lndustry,
Government of India, Shri Jitin Prasada, Secretary, Ministry of Electronics and Information
Technology (MeitY), Shri S Krishnan.
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• President, NASSCOM, Ms. Debjani Ghosh, Vice President, OpenAI, Mr. Srinivas Narayanan
and Additional Secretary, MeitY, Shri Abhishek Singh. Summit to have 12 sessions over two
days and graced by 100+ global AI experts.
4. Union Home Minister, address Rs. Sahkar Se SamriddhiRs. conference on the occasion of
102nd Rs. International Day of Cooperatives.
• Union Home Minister and Minister of Cooperation, Shri Amit Shah will address Sahkar Se
Samriddhi conference on the occasion of 102nd International Day of Cooperatives in
Gandhinagar, Gujarat . The Ministry of Cooperation is organizing Rs. Sahkar se SamriddhiRs.
conference on this day to mark the celebration of International Day of Cooperatives 2024.
• The International Day of Cooperatives is an annual celebration of the cooperative movement
around the world. It has been observed on the first Saturday of July ever since 1923 by the
International Cooperative Alliance (ICA).
• Incidentally, the International Cooperative Day 2024 will be celebrated on 6th of July, which is
also the 3rd Foundation Day of the Ministry of Cooperation. The theme for the 102nd
International Cooperative Day is- Rs. Cooperatives Build a Better Future for All.Rs.
• During the Rs. Sahkar se Samriddhi’s conference, Union Home Minister and Minister of
Cooperation will launch scheme for 50% assistance on the purchase of nano-fertilizer by the
farmers.
• Shri Amit Shah will also inaugurate launch of Rs. Bharat Organic AttaRs. produced by NCOL.
• Shri Amit Shah will distribute Rupay KCC at zero interest rate to women cooperative members
in Banaskantha
• In recognition of its continued commitment to addressing seafarersRs. issues, India secured its
position as one of the eight governments representing IMO in the Joint Tripartite Working
Group. This group is dedicated to identifying and tackling seafarers’ issues and the human
element in maritime operations.
• Other proposed members include the Philippines, Thailand, Liberia, Panama, Greece, the US,
and France. The 132nd session of the IMO Council, which commenced on July 8, 2024, will
continue until July 12, 2024, addressing various critical issues and proposals for the future of
global maritime operations.
6. India to host first global summit for media and entertainment sector in November.
• India will host the first World Audio Visual and Entertainment Summit in November alongside
the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw
promising to strengthen the ecosystem for the protection of intellectual property rights in the
media and entertainment sector.
• Vaishnaw and Goa Chief Minister Pramod Sawant announced the first World Audio Visual and
Entertainment Summit (WAVES) in Goa from November 2024 and described it as a visionary
initiative by PM Narendra Modi as India seeks to make a mark in the media and entertainment
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sector. It aims to improve IP rights, industry collaboration, and networking in the USD 27.5
Billions.
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• ChatGPT maker OpenAI said it was launching GPT-4o mini, a cost-efficient small AI model,
aimed at making its technology more affordable and less energy-intensive, allowing the startup
to target a broader pool of customers. Priced at 15 cents per million input tokens and 60 cents
per million output tokens, the GPT-4o mini is more than 60per cent cheaper than GPT-3.5
Turbo.
• Microsoft-backed OpenAI, the market leader in the AI software space, has been working to
make it cheaper and faster for developers to build applications based on its model, at a time
when deep-pocketed rivals such as Meta and Google rush to grab a bigger share in the market.
It currently outperforms the GPT-4 model on chat preferences and scored 82 percent on
MMLU.
• The GPT-4o mini modelRs. s score compared with 77.9 percent for GoogleRs. s Gemini Flash
and 73.8 percent for AnthropicRs. s Claude Haiku. With the mini model currently supporting
text and vision in the application programming interface, OpenAI said support for text, image,
video, and audio inputs and outputs would be made available in the future.
• India Space Research Organisation (ISRO) with the help of NASARs. s ICESat-2 satellite has
released a detailed map of Ram Setu or Adam Bridge. According to the Optical satellite
imagery verification, the pathway is 99.98% submerged in water. The bridge is 29 meters long
and 8 meters above the seabed. The released map is a 10-meter resolution map created after 6
years of data.
• According to the reports, it is said the bridge is 1.5 km wider. This bridge is located between
Mannar Island, off the northwest coast of Sri Lanka, and Rameswaram Island, in India.
Scientists from ISRORs. s Jodhpur and Hyderabad National Remote Sensing Centre revealed
this map.
• This map, which depicts a comprehensive image of the bridge underwater was created using
advanced laser technology from a US satellite. ICESat-2Rs. s green laser allowed for deeper
penetration, detecting the seafloor up to 40 meters deep. Researchers acquired around 0.2
million photons from ICESat-2, which provided depth information critical for creating high-
resolution data.
• The inaugural ceremony of Rs. One DAE One SubscriptionRs. (ODOS) took place at Tata
Memorial Hospital, in Mumbai today. ODOS is a unique idea enabling the Department of
Atomic Energy (DAE) & all its units/subunits (about 60) together under one umbrella for read
and publish access to national and international research papers as well as scientific journals.
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• With this initiative it is now possible to share the resources digitally and evolve collectively.
DAE has signed consortium agreements with M/s. Wiley India Private Limited and with M/s.
Springer Nature Group in furtherance of the same.
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Defence
1. SEBEX 2: India gets one of the most powerful non-nuclear bombs thatRs. s two times more
lethal than TNT
• India has achieved a significant milestone in military technology with the development and
certification of SEBEX 2, a cutting-edge explosive formulation.
• Certified by the Indian Navy, SEBEX 2 marks a leap forward in explosive power, boasting a
TNT equivalence of 2.01.
• This places it among the most potent non-nuclear explosives globally, aimed at revolutionizing
various munitions without compromising on weight.
• Developed by Economic Explosives Limited (EEL) under the Make in India initiative, SEBEX
2 utilizes a high-melting explosive (HMX) composition.
• Developed by Economic Explosives Limited (EEL) under the Make in India initiative, SEBEX
2 utilizes a high-melting explosive (HMX) composition. This formulation significantly
enhances the lethality of warheads, aerial bombs, artillery shells, and other munitions.
• The 16th edition of India-Mongolia Joint Military Exercise NOMADIC ELEPHANT. Foreign
Training Node,at Umroi (Meghalaya). The Exercise is scheduled to be conducted from 03rd to
16th July 2024.
• The aim of the Exercise is to enhance joint military capability of both sides to undertake
counter insurgency operations in a Sub Conventional scenario under Chapter VII of the United
Nations Mandate. The exercise will focus on operations in the semi-urban and mountainous
terrain.
4. Annual defence production hits record high of approx. Rs 1.27 lakh crore in Financial Year
2023-24.
• Defence Minister Rajnath Singh announced that India achieved its highest-ever growth in
defence production value during 2023-24. The significant progress of the Make in India
initiative, noting new milestones being surpassed.
• As per the data from all Defence Public Sector undertakings (DPSUs), other PSUs
manufacturing defence items and private companies, the value of defence production in the
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country has gone up to a record-high figure i.e., Rs 1,26,887 crore, reflecting a growth of 16.7%
over the defence production of the previous financial year.
• The value of defence production in FY 2022-23 was Rs 1,08,684 crore.
• In the last five years (since 2019-20), the value of defence production has been increasing
steadily, and grown by over 60%.
5. BSF organises Rs. Grow with the TreesRs. plantation drive in Srinagar.
• Border Security Forces (BSF), in association with SBI Bank, organised a Rs. Grow with the
TreesRs. plantation drive at BSF Headquarters in Srinagar. To create a green environment and
promote the importance of tree plantations, the BSF officials and Jawans, along with the
officials from SBI Bank and the school children at the Kendria Vidyalay at the BSF HQ took
part in the drive.
6. DRDO, L&T begin advanced stage trials of Indigenous light tank Rs. ZorawarRs. In Hajira
Gujarat.
• In a major boost to Indian forces deployed opposite China in Ladakh, premier defence research
agency Defence Research and Development Organisation (DRDO) and private sector firm
Larsen and Toubro (L & T) are at advanced stage of trials of the indigenous Light Tank
Zorawar
• Developed in a record time of two years for high altitude areas of Ladakh, the tank is testimony
to Indian progress in indigenous manufacturing. The DRDO and L & T have integrated USVs
in loitering munitions in the tank learning lessons from the Russia and Ukraine conflict.
7. IAF contingent arrives at Royal Australian Air Force base, to participate in Ex Pitch Black
2024.
• An Indian Air Force (IAF) contingent landed at the Royal Australian Air Force RAAF) base
Darwin, Australia for participating in Exercise Pitch Black 2024. The exercise is scheduled to
be conducted from July 12 to August 2, 2024, and is a biennial, multi-national exercise hosted
by the RAAF.
• The name Rs. Pitch BlackRs. was derived from the emphasis on night time flying over large
un-populated areas. This edition is slated to be the largest in the 43 year long history of Ex
Pitch Black, which includes participation by 20 countries, with over 140 aircraft and 4,400
military personnel of various air forces.
• The exercise will be focusing on Large Force Employment warfare aimed at strengthening
international cooperation and shall facilitate experience with the IAF Su-30 MKI operating
alongside the F-35, F-22, F-18, F-15, Gripen, and Typhoon fighter aircraft. The IAF has
previously participated in the 2018 and 2022 editions of this exercise.
• Zen Technologies an anti-drone technology and Defence training solutions provider, has
launched four new products, enhancing defense capabilities and operational efficiency. The
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new products Rs. Hawkeye, Barbarik-URCWS (Ultralight Remote Control Weapon Station),
Prahasta, and Sthir Stab 640.
• Cater to a wide range of Defence requirements, empowering the Forces with tactical superiority
and improved operational efficiency. The company worked with its Pune-based AI Turing
Technologies to develop these products. Hawkeye is an anti-drone system camera capable of
all-weather drone tracking up to 15 km.
• While Barbarik-URCWS is a light-weight remote-controlled weapon station, offering precise
targeting for ground vehicles and naval vessels, The third product, Prahasta is an automated
quadruped equipped with LIDAR and reinforcement learning for real-time 3D terrain mapping
and mission planning.
• The quadruped can be used as the first line of defence for commandos during counter-
insurgency operations like 26/11, thereby saving lives. We believe the launch of these products
will raise awareness around the need to integrate advanced robotics into combat and
reconnaissance missions,Rs. Zen TechnologiesRs. Chairman and Managing Director Ashok
Atluri, said.
10. Indian Army contingent to participate in joint military Ex Khaan Quest 2024 in Mongolia.
• The Indian Army contingent will participate in the 21st edition of the multinational joint
military exercise Khaan Quest 2024, which is scheduled to be held in Mongolia. The joint
military exercise will held from July 27 to August 9. It will be aimed at enhancing the
interoperability of the participating nations during peacekeeping missions in a multinational
Environment.
• Earlier this month, the 16th edition of the India-Mongolia Joint Military Exercise, Nomadic
Elephant 2024, concluded and the two sides engaged in a meaningful dialogue about future
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joint operations, symbolising the deepened ties and mutual respect cultivated throughout the
exercise.
11. ICG launches 'Suvidha Software Version 1.0' to enhance training protocols & ensure
consistency across its platforms.
• Indian Coast Guard (ICG) launched 'Suvidha Software Version 1.0' during its maiden 'Annual
Operational Sea Training Conference' at Visakhapatnam, Andhra Pradesh on July 30, 2024.
This software is a cutting-edge tool designed to enhance training protocols and ensure
consistency across all ICG platforms.
• Deputy Director General (Sea Training) Inspector General Anupam Rai delivered the keynote
address on the occasion. He emphasised the importance of fostering a culture of excellence and
adaptability within the ICG. The conference saw active participation from senior officers from
various ICG regions, underlining the need for a unified approach to complex operations.
• It provided a valuable platform for discussing best practices, sharing insights, and aligning
strategies to address the dynamic maritime security landscape. The event underscores the ICG's
commitment to excellence and innovation in operational training.
• The Ex-Servicemen Contributory Health Scheme (ECHS) has launched the Electronic Services
e-Health Assistance and Tele-consultation (E-SeHAT) module. The E-SeHAT Tele-
consultancy would enable ECHS beneficiaries to obtain online Tele-consultation for medical
treatment from their homes without visiting the ECHS Polyclinic.
• The module aims to provide health care services through safe and structured video-based
clinical consultations. The pilot project has been launched today at 12 ECHS Polyclinics
including remote locations of Baramulla, Imphal, Churachandpur, Dimapur, and Aizawal.
• The 12 ECHS Polyclinics tele-consulted remotely located ECHS beneficiary ex-servicemen
before its pan India Roll Out planned in November 2024. The inaugural pilot testing was
witnessed by Major General Manoj Natarajan, Managing Director, Central Organisation Ex-
Servicemen Contributory Health Scheme at Imphal ECHS Polyclinic.
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• Union Minister for Agriculture and Farmers Welfare Shri Shivraj Singh Chouhan unveiled four
books, Wings to Our Hopes- Volume 1 (English and Hindi), Rashtrapati Bhavan: Heritage
Meets the Present, and Kahani Rashtrapati Bhavan Ki.
• Along with Union Minister of State for Information and Broadcasting (I&B) Dr. L. Murugan
and Secretary, I&B, Shri Sanjay Jaju. The book, Wings to Our Hopes, contains President
Droupadi MurmuRs. s speeches delivered on various occasions in the first year of her
presidency.
• During this period Rs. July 2022-July 2023 Rs. President Murmu has been vocal and had
shared her thoughts on a wide range of subjects endearing herself to the people of the country
through her simplicity, thoughtfulness and erudition. The book Rs. Kahani Rashtrapati Bhavan
KiRs. contains information related to the President and Rashtrapati Bhavan for children.
• Divided into three chapters Rs. Rs. Our PresidentRs. , Rs. Main Attractions of Rashtrapati
BhavanRs. , and Rs. Rashtrapati Bhavan Museum ComplexRs. . The book, brought out by the
Publications Division, contains 75 speeches distributed into XI sections viz., - Addressing the
Nation, Education- The Key to Empowerment, Guiding Public Servants on Kartavya Path, Our
Forces Our Pride, and so on.
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Miscellaneous
1. Hera Panchami Ritual Observed During Puri Rath Yatra
• The Hera Panchami ritual, an integral part of the Rath Yatra in Puri, is a captivating tradition
where Goddess Laxmi expresses her anger towards Lord Jagannath by damaging his chariot,
Nandighosha. Observed on the festivalRs. s fifth day, this ritual is marked by a grand
procession.
• The Hera Panchami festival, celebrated today, portrays Goddess LaxmiRs. s anger towards
Lord Jagannath for staying away from Srimandir during the Rath Yatra and not taking her
along. Reflecting Odia cultural norms, where wives get upset if their husbands come home late,
Goddess Laxmi is displeased with Lord JagannathRs. s extended absence from Shee Mandir.
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Obituary
1. TitanicRs. and Rs. AvatarRs. producer Jon Landau passes away at 63 after a long battle
with cancer.
• Jon Landau, the renowned producer and COO of James CameronRs. s Lightstorm
Entertainment, passed away on July 5 in Los Angeles after a 16-month battle with cancer. he
was 63. An Oscar-winning producer who worked closely with director James Cameron on three
of the biggest blockbusters of all time, Rs. TitanicRs. and two Rs. AvatarRs. films, has died.
• He feature in three Oscar nominations and a best picture win for 1997Rs. s Rs. Titanic.
• The popular Kannada actress and former Doordarshan and Akashvani presenter Aparna passed
away in Bengaluru. In the 1990s, Aparna started working as a radio jockey in All India Radio
and a presenter in DD Chandana. She later worked in hit television serials such as Moodala
Mane and Preethi Illada Mele, among others.
• Subhash Dandekar the founder of stationery brand Camlin, died. Dandekar was aged 86.
• After selling the popular artwork brand to JapanRs. s Kokuyo, Dandekar was serving as the
chairman emeritus of Kokuyo Camlin. Dandekar was well-known for his contributions to social
awareness art and entrepreneurship. He received several awards, including Game Changers of
Maharashtra award. He gets lifetime achievement award from The Colours Society.
4. VietnamRs. s ruling Communist Party chief Nguyen Phu Trong dies at 80.
• VietnamRs. s Communist Party chief Nguyen Phu Trong has died, after holding the countryRs.
s most powerful position for 13 years. He was 80. In 2021 Trong secured a third term after a
rule limiting holders to two terms as party boss was waived, demonstrating his strength and
significant political clout in a party that has ruled Vietnam for nearly half a Centuries.
• Renowned cardiac surgeon and the founder of Sree Chitra Tirunal Institute for Medical
Sciences and Technology (SCTIMST), Dr MS Valiathan, passed away. Dr Valiathan was 90
years old. Dr. Valiathan was also the first Vice-Chancellor of Manipal Academy of Higher
Education and was awarded Padma Shri in 2002 and Padma Vibhushan in 2005 for his
contributions to healthcare.
• Agriculturist Kamala Pujari passed away. She was 73 and was suffering from age-related
ailments. The government of India had accorded the prestigious Padma Shri on her for her
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contribution to the agriculture sector, in 2019. Pujari was acclaimed worldwide for her
contribution to organic farming and preserving indigenous paddy varieties.
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Person in news
1. TMCRs. s Madhuparna Thakur set to become the youngest MLA in history of Bengal
Assembly.
• Madhuparna Thakur, daughter of Trinamool Congress (TMC) Rajya Sabha MP Mamata Bala
Thakur, won from Bagdah Assembly Constituency in the by-elections by a margin of 33,455
votes. She is set to become the youngest MLA in the history of the Bengal Assembly.
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Insurance
1. Bajaj Allianz Life launches Nifty Alpha 50 Index Fund.
• Bajaj Allianz Life has launched the Bajaj Allianz Life Nifty Alpha 50 Index Fund, a unit-linked
insurance plan (ULIP) that aims to provide investors with exposure to Rs. high-alpha stocks".
The new fund offer (NFO) period for the fund began on July 1 and will end on July 15, 2024.
• The Bajaj Allianz Life Nifty Alpha 50 Index Fund is suitable for investors with a higher risk
appetite and who are looking to capitalise on the growth potential of high-alpha stocks and
diversify their portfolios. It will aim to replicate the performance of the Nifty Alpha 50 Index,
which uses Jensen Alpha to calculate the excess returns for the stocks.
2. Bajaj Housing Finance launches Sambhav Home Loans for first-time home buyers
• Bajaj Housing Finance is venturing into the affordable housing finance sector and has launched
Sambhav Home Loans targeting first time home buyers with affordable income criteria. The
income norm for first-time homebuyers, under this new product, starts from Rs. 10,000 per
month, with loan amounts as low as Rs. 10 lakh.
• Borrowers will have attractive interest rates with affordable EMIs and the option to choose a
repayment tenor of up to 20 years. Earlier last month, the company filed its preliminary papers
with SEBI to raise Rs. 7,000 crore via an initial public offering (IPO).
• ICICI Lombard, a leading private general insurer in India, has unveiled an AI-powered health
insurance plan called "Elevate", which promises extensive coverage and flexibility, with a
particular focus on addressing concerns about limited sum insured amounts. An individual
above the age of 18 years can opt for this policy for themselves and their family.
4. Star Health launches home healthcare initiative; to cover 50 cities & towns in phase one.
• Standalone health insurance company Star Health and Allied Insurance Company with an aim
to providing healthcare service at doorstep has launched Home Health Care service in 50 cities,
a top official said. The city-headquartered company would further expand the service to other
cities, Managing Director and CEO Anand Roy.
• Through the initiative, doctors would be available at the doorstep of a customer within a short
period and consumers would be able to get easy access to medication, diagnostic tests and
specialised care.
• LIC announced the launch of Rs. Jeevan SamarthRs. , an initiative aimed at transforming the
agency ecosystem. To achieve this, Life Insurance Corporation (LIC) has partnered with a
global consulting firm, which will undertake this agency transformation project by reviewing its
existing agency framework on an end-to-end basis.
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• Through the Rs. Jeevan SamarthRs. project, the aim to transform our agency ecosystem to
align with the rapidly evolving needs of millions of Indian families and provide them suitable
long-term savings, protection, health insurance, ULIP and pension solutions.
• private sector life insurer Shriram Life Insurance Company has rolled out a Deferred Annuity
Plan aimed at providing a steady retirement income for customers. With an annuity plan
starting at Rs 60,000 a year, the entry age for the plan is from 40 to 75 years and it includes
payable with or without Return of Purchase Price.
• Deferment period is from 5 to 10 years after which annuity payments would commence.
• The plan features a Return of Purchase Price benefit, which protects the customersRs. initial
investment in the event of terminal illness or death. If a customer suffers a stroke or passes
away after the deferment period, the entire premium amount invested is refunded to their or
their family.
• Death benefit received during deferment period is 125 per cent of the total purchase price,
which is the highest in the industry.
7. Ageas Federal launches Rs. Golden Years Pension PlanRs. for secure retirement.
• Ageas Federal Life Insurance has launched a new pension plan that aims to provide a
comprehensive solution for securing the financial futures of policyholders during their
retirement years. The Rs. Golden Years Pension PlanRs. is a Unit Linked, Non-Participating,
Individual Pension Plan specifically designed to provide financial stability during retirement.
• It allows entry ages of 18-70 years for the Classic Option and up to 60 years for the Golden
Waiver of Premium Option. Early Investment Booster provides additional allocations to
encourage early retirement planning for those aged 18-35. Golden Waiver of Premium helps in
retirement corpus accumulation for policyholdersRs. loved ones even after their demise.
• Non-life insurers reported a 13.7 percent year-on-year (Y-o-Y) growth in gross direct premium,
underwritten in April-June quarter of FY25 (Q1FY25).This was driven by strong performance
in health and motor segments, data released by the General Insurance Council showed.
Premiums earned by non-life insurers in Q1 stood at Rs 72,267.41 crore compared to
Rs63,540.55 crore in Q1
• Non-life insurers include general insurance companies, standalone health insurance companies,
and specialised PSU insurers. In Q1, general insurers, who operate in multiple business
segments, including motor, health and marine, reported a 12.42 per cent Y-o-Y growth to Rs
63,948.72 crore.
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• The Insurance Regulatory and Development Authority of India (Irdai) has imposed a penalty of
Rs 2 crore on Bajaj Finance and Rs 1 crore on Aegon Life Insurance (now known as Bandhan
Life), citing violations of norms.
• The insurance regulator has fined Bajaj Finance Rs 1 crore concerning the reconciliation of
commission and professional fees received and reported to the authority. An additional penalty
of Rs 1 crore was imposed concerning the maintenance of records of customer documentation.
• Irdai has also issued additional directions to the company and advised it to comply with these
directions in a time-bound manner. Bajaj Finance added that the decision does not have any
material impact on its financial, operational, or other activities, the company said in an
exchange filing.
• The Insurance Regulatory and Development Authority of India (IRDAI) has revised its
guidelines regarding the commission for long-term motor insurance policies. The recent policy
change brings these long-term policies in line with the standard one-year motor insurance
policies.
• Under the updated regulation, insurers are now permitted to provide commissions within the
expense management framework for long-term policies. For three-year comprehensive motor
insurance policies for four-wheelers, the commission cap was originally set at 15% for the first
year, 10% for the second year, and 5% for the third year.
• The recent guidelines have granted insurers the freedom to tailor commission structures
according to their management expenses.
• Bengaluru-based Insurtech startup Covrzy has been granted a direct broking (general) license
by the Insurance Regulatory and Development Authority of India (IRDAI). This enables
Covrzy to operate as a direct insurance broker in India, offering a full spectrum of business
insurance solutions.
• In May last year, the startup had raised $400K in its pre-seed round led by Antler, with
participation from Shastra VC (formerly Veda VC). Co-founded by Ankit Kamra and Veera
Thota, Covrzy provides an easy, customer-friendly insurance buying journey, particularly for
startups, SMEs, and MSMEs in India.
• Through its digital-first approach, Covrzy empowers SMEs with insurance and claims support,
democratizing insurance distribution in India. Till date, Covrzy claims to have boarded over
500 clients pan-India, including both MSMEs and startups, with Redcliffe Labs, Orange Labs,
Karboncard, and Schbang being some of their prominent clients.
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• Bangladesh Navy signed a contract for Rs. Made in IndiaRs. 800 tons Ocean Going Tug with
IndiaRs. s Garden Reach Shipbuilding and Engineers on 30th June. This is the second contract
this month for the GRSE that recently inked a $16.6 million (Rs 132 crore approx) deal with the
Bangladesh Inland Waterways Transport Authority (BIWTA), to build a dredger.
• Program of India-Russia cooperation in trade, economic, and investment spheres in the Russian
Far East for the period from 2024 to 2029 as well as of cooperation principles in the Arctic
zone of the Russian Federation. To facilitate further increase in trade and joint investment
projects between the Far East Region of Russia and India.
• MoU between the Ministry of Environment, Forest and Climate Change of the Republic of
India and the Ministry of Economic Development of the Russian Federation on the issues of
Climate change and low-carbon development, Establishment of Joint Working Group on the
issues of Climate change and low-carbon development and co-hosting research to develop low-
cost technologies.
• MoU between Survey of India and the Federal Service for State Registration, Cadastre and
Cartography, Russian Federation, to Exchange of knowledge and experience in geodesy,
cartography and spatial data infrastructure; professional training and capacity building;
cooperation between scientific and educational institutes.
• MoU between National Centre for Polar and Ocean Research, Ministry of Earth Sciences,
Government of India and the Arctic and Antarctic Research Institute on Cooperation in
Research and Logistics in polar regions, to Cooperation in the study of polar environments ;
logistics in polar regions; joint research; exchanges of personnel; and participation in
international program.
• MoU on Cooperation and Collaboration on broadcasting between Prasar Bharati, India, and
ANO "TV-NovostiRs. (Russia Today TV Channel), Russia to cooperate in the field of
broadcasting, including exchange of programmes, personnel, and training.
• MoU between Indian Pharmacopoeia
• Commission, Ministry of Health and Family Welfare, Government of the Republic of India,
and Federal State Budgetary Institution "Scientific Centre for Expert Evaluation of Medicinal
ProductsRs. of the Ministry of Health of the Russian Federation to ensure the availability of
high-quality medicines for human use.
• Cooperation Agreement between the Indian International Arbitration Centre and International
Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian
Federation to facilitate of settlement of civil law disputes of a commercial nature.
• Joint Investment Promotion Framework Agreement between Invest India and JSC
"Management Company of Russian Direct Investment FundRs. to Facilitate investment by
Russian companies in the Indian market by promoting and fostering investment cooperation.
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• MoU between Trade Promotion Council of India and All Russia Public Organization "Business
RussiaRs. to Promotion of bilateral trade and investment, organizing B2B meetings, business
promotion events; and exchange of business delegations.
• Rs. In a special ceremony in St. Andrew Hall in the Kremlin, President of the Russian
Federation, H.E. Mr. Vladimir Putin conferred RussiaRs. s highest national award "The Order
of St. Andrew the ApostleRs. on Prime Minister Shri Narendra Modi for his contribution to
fostering India-Russia ties. PM Shri Narendra Modi is the first Indian leader to be conferred
with this award. The award was announced in 2019.
4. India And UAE Strengthen Defense Ties In 12th Joint Committee Meeting.
• The 12th meeting of the India-UAE Joint Defence Cooperation Committee (JDCC) concluded
in Abu Dhabi, marking a significant step in bolstering defense relations between the two
nations. Led by Joint Secretary Amitabh Prasad, the Indian delegation met with their UAE
counterparts, headed by Brigadier General Staff Jamal Ebrahim Mohamed Almazrooqi.
• The meeting focused on various aspects of collaboration, including training cooperation, joint
military exercises, defense industrial partnerships, and research and development initiatives. On
the sidelines of the JDCC, separate staff talks were held between the navies and armies of both
countries, delving into service-specific cooperation.
• Regional security concerns, particularly maritime security, were addressed during the talks. The
delegates emphasized the importance of strengthening defense ties to effectively tackle shared
security challenges in the region. These discussions aimed to enhance operational synergies
between the armed forces of India and the UAE.
• The 7th India-Japan Medical Product Regulatory Symposium, organised by the Central Drugs
Standard Control Organization (CDSCO) under the Ministry of Health and Family Welfare,
Government of India, was successfully held at the FICCI Convention Hall. For Enhanced
collaboration under the Memorandum of Cooperation (MoC) between India and Japan in
medical product regulations.
• Delegates from Ministry of Health & Family Welfare, India, and the Ministry of Health, Law
and Welfare, Japan and 80 drug regulators & 120 industry representatives from India and Japan
participate.
• The MoC, originally signed in December 2015 between CDSCO and the Ministry of Health,
Labour and Welfare (MHLW) and the Pharmaceutical and Medical Devices Agency (PMDA)
of Japan, underscores cooperation in medical products regulations until December 2025. These
Regulatory Symposiums are held alternatively in both nations, serving as crucial platforms for
exchange practices.
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6. Bilateral meeting between India and Bhutan on Air quality, Climate change, Forests, Natural
resources, renewable energy sources.
• A delegation from the Royal Government of Bhutan, headed by Mr Gem Tshering, Minister of
Energy and Natural Resources, Government of Bhutan met Shri Kirti Vardhan Singh, Union
Minister of State for Environment, Forest and Climate Change and discussed issues related to
air quality, climate change, forests, natural resources, wildlife and renewable energy.
• Mr. Tshering informed about successfully hosting the Sustainable Finance for Tiger Landscape
Conference in April 2024 in Paro. He stated that Bhutan is already a carbon-negative country
and obtains its major share of energy from hydropower.
• Both sides agreed to work together in the areas of climate change, air quality, forest, wildlife
management, and capacity building in the field of environment and climate change. India
suggested to hold the Joint Working Group Meeting.
• India and Bhutan have approved 61 projects worth Rs.4,958 crore to be implemented during the
Himalayan country’s 13th five-year plan, for which New Delhi is providing Rs.10,000 crore as
development support and were approved during the India-Bhutan Development Cooperation
Talks co-chaired by foreign secretary Vikram Misri and his Bhutanese counterpart Pema
Choden in Thimphu.
• The projects, cover sectors such as connectivity, infrastructure, energy, health, education,
capacity building, industrial parks, sports, digital economy, e-mobility, and space technology.
India had doubled its financial support for BhutanRs. s five-year plan in March. The two
foreign secretaries virtually inaugurated 19 schools that were built during the 12th five-year
plan.
• The Bhutan government informed the Indian side about activities proposed to be taken up under
the Economic Stimulus Programme (ESP). In line with a request from the Bhutan government,
the Indian side agreed to Rs. positively consider frontloading the full amountRs. of Rs.1,500
crore for the ESP in the first one-and-half years, subject to progress in implementing the
proposals.
• Prime Minister Narendra Modi announced that India will contribute one million dollars to the
UNESCO World Heritage Centre to provide support for heritage conservation in countries,
especially in the Global South. Speaking at the inauguration of the 46th session of the World
Heritage Committee at Bharat Mandapam in New Delhi, PM Modi announced this.
• India and the United States on Friday their first agreement to prevent illegal trafficking of
cultural property and return of antiquarian objects to their place of origin, the Ministry of
Culture said.
• there are "297 items" that are "lying in the US, ready to be repatriated."
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• India has repatriated 358 antiquities since 1976, out of these 345 have been retrieved since 2014
• The US-India Cultural Property Agreement was negotiated by the State Department under the
US law implementing the 1970 UNESCO Convention on the Means of Prohibiting and
Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property.
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Environment
1. India becomes world’s first country to prepare list of its entire animal species:
• In a major milestone, India has managed to prepare a comprehensive list of animal species that
exist in India. With this, India has become the only country to make a checklist of entire
national fauna. The list covers 1,04,561 species.
• On the occasion of the 109th Foundation Day of the Zoological Survey of India (ZSI) in
Kolkata, Union Environment Minister Bhupender Yadav launched the "Fauna of India
Checklist Portal".
• As of June 27, 2024, Borneo elephants are classified as ‘Endangered’ on the IUCN Red List
due to a significant decline in their population and habitat. Only about 1,000 individuals
remain, with 400 being breeding adults. Over 60% of their forest habitat has been lost in the last
four decades due to logging and commercial oil palm plantations.
• Borneo elephants, found in Sabah (Malaysia) and Kalimantan (Indonesia), are a unique
subspecies of Asian elephants, known scientifically as Elephas maximus borneensis. They are
distinguished by their smaller size and genetic distinctiveness from other elephant populations.
• Union Minister of Coal and Mines, Shri G. Kishan Reddy, inaugurated the Vriksharopan
Abhiyan (VA) 2024 at Bharat Coking Coal Limited (a subsidiary of Coal India Limited) in
Dhanbad today (25.07.2024)as part of the visionary campaign ‘Ek Ped Maa Ke Naam’
launched by Prime Minister Narendra Modi.
• This event was held simultaneously at about 300 locations across 47 districts in 11 coal/lignite-
bearing states through video conferencing.Minister Shri G. Kishan Reddy commended the Coal
Ministry and Coal/Lignite PSUs for their efforts in planting and distributing approximately 1
million saplings across various coalfields on the day of VA 2024.
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• Union Minister for Coal and Mines, Shri G Kishan Reddy launched a portal Rs. Noble Initiative
for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)Rs. in New
Delhi on 3rd July. The scheme is aimed towards providing support of Rs 1,00,000/- (Rupees
One Lakh) to the Preliminary examination qualified candidates with annual family income less
than 8 lakhs, and belonging to Scheduled Caste, Scheduled Tribe, female or third gender; who
are permanent residents of any of the 39 operational districts of CIL. To achieve the goal of Rs.
Viksit BharatRs. by Rs. Sabka Saath, Sabka Vikas, Sabka PrayasRs. , Coal India Limited(CIL)
and its subsidiaries have also undertaken various initiatives helping deserving and
underprivileged students.
2. Electric mobility startup Vidyut launches offline pre-owned EV sales, financing platform
• Bengaluru-based electric mobility startup Vidyut announced the launch of its offline pre-owned
EV sales and financing platform. The latest offline services have been made available in Delhi-
NCR, Hyderabad and Bengaluru to begin with, while the plans are to expand them into six
more markets including Mumbai, Chennai, Pune, Lucknow, Agra and Kanpur by the end of this
fiscal.
• Under the new offering, the company will manage the end-to-end process from vehicle
inspection and valuation to sale and RTO documentation for the owners, the Bengaluru-
headquartered firm said. Currently, the platform offers resale of electric commercial three-
wheelers from brands such as Mahindra, Piaggio, Euler Motors, Greaves and Altigreen, among
others.
• Union Minister for the Development of the North East Region Jyotiraditya Scindia launched the
North East Region Agri Commodity E-Connect (NERACE) designed to benefit the farmers of
the region and help position it as a hub of high-value horticultural products in the international
market.
• The NERACE app is intended to support agricultural and horticultural products such as spices,
fruits, vegetables, pulses, cereals, and minor forest products. Furthermore, the NE-RACE App
is designed to promote Northeast as a reliable partner in the international agricultural value
chain.
• Also, the Union Minister Scindia held a review meeting and discussed the 100-day action plan
of the Department of Posts. Under his dynamic leadership and guidance, the Department of
Posts aims to transform service delivery and enhance efficiency through key initiatives to
benefit the nation and its citizens.
• According to the Ministry of Communications, the Department of Posts will be organizing
5,000 Dak Chaupals across the country in 100 days. "This initiative aims to bring essential
government and citizen-centric services directly to rural areas, improving accessibility and
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convenience. Dak Chaupals will serve as vital links between rural residents and government
functions.
• Dak Ghar Niryat Kendra Scheme is set to bolster rural exports by supporting small-scale
exporters. This initiative provides essential services including documentation assistance, market
information, bar-coded label printing, and paperless customs clearance.
• State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops
called Rs. Urja Dakshta DukanRs. which will offer affordable energy-efficient products like
LED lights, ACs, and fans to consumers. EESL, at present, distributes products through retail
tie-ups with power distribution utilities to consumers.
• Buyers can also purchase the products online from its web portal EESLMART.in. The first
batch of franchisee outlets is expected to open in Jharkhand, Maharashtra, and Telangana, the
official said. The invitation for pan India franchise tie-ups will be available on the EESL
website from August.
• The EESLRs. s energy efficiency solutions have saved over 47 billion kWh of energy annually
while reducing 36.5 million tonnes of carbon emissions. Founded in 2009, the EESL is
promoted by the Ministry of Power as a joint venture of four public-sector undertakings NTPC
Ltd, Power Finance Corporation Ltd, REC Ltd, and POWERGRID Corporation of India Ltd.
5. Union Minister G Kishan Reddy inaugurates National Landslide Forecasting Centre and
Launches Bhusanket Web Portal.
• Union Minister of Coal and Mines Shri G. Kishan Reddy inaugurated the National Landslide
Forecasting Centre at GSI, Dharitri Campus, Salt Lake City, Kolkata. Minister also launched
the Bhusanket Web Portal and Bhooskhalan Mobile App.
• The NLFC is a pioneering initiative aimed at landslide hazard mitigation in India. Soon after
this inauguration, residents of Kalimpong, Darjeeling, and Nilgiri districts will benefit from a
live forecasting report to be shared with them since 20th July 2024.
• It will in due course issue early warning bulletins for all landslide-prone states, operationalizing
the regional Landslide Early Warning System (LEWS) nationwide by 2030. Equipped with
advanced technology,the NLFC will provide early information to local administration and
communities, update landslide inventories,and integrate real-time rainfall data for enhanced
accuracy.
• The launch of the Bhusanket Web Portal marks a major step towards disaster risk reduction.
This web portal will facilitate the dissemination of relevant data and information on landslide
hazards, initiating short-range and medium-range landslide forecasting in the country.
• Integrated with the Bhusanket Web Portal, the user-friendly Bhooskhalan Mobile App will
enable quick dissemination of daily landslide forecasts and allow stakeholders to share and
update spatial and temporal information on landslide occurrences. The app is available on
Bhusanket web portal and will soon be available on the Google Play Store.
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• The inauguration of the NLFC, and the launch of the Bhusanket Web Portal and Bhooskhalan
Mobile App, are landmark achievements for the Geological Survey of India(GSI) and a
testament to its commitment to advancing disaster preparedness and safety in India.
• About Geological Survey of India-
• The Geological Survey of India (GSI) was set up in 1851 primarily to find coal deposits for the
Railways. Over the years, GSI has not only grown into a repository of geo-science information
required in various fields in the country but has also attained the status of a geo-scientific
organisation of international repute.
6. Shri Bhupender Yadav launches Ideas4LiFE portal for inviting ideas related to products and
services.
• Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav launched
Ideas4LiFE for inviting ideas related to products and services, that induce behavioral changes
related to environment-friendly lifestyles in the presence of Minister of State for Environment,
Forest and Climate Change, Shri Kirti Vardhan Singh at Indian Institute of Technology Delhi.
• Shri Yadav called upon the fraternity of students, research scholars, faculty, and innovators to
come up with innovative and out of box ideas, which will work towards fulfillment of the
vision of the Hon'ble Prime Minister for mindful and deliberate utilization of resources. The
portal 'Ideas4Life.nic.in' will allow participants to submit their ideas and innovations online.
7. Pan India rollout of U-WIN to track routine vaccinations likely by Aug end.
• The U-WIN portal, a replication of the Covid-19 vaccine management system Co-WIN, is set
for a pan-India launch likely by the end of August, aiming to maintain an electronic registry of
routine immunisations, Currently, U-WIN is in pilot mode across all states and Union
Territories, except for West Bengal, which is yet to start uploading data, , the sources told PTI.
• The U-WIN platform captures every vaccination event for pregnant women and children under
the Universal Immunization Programme (UIP).
• Minister of Finance Nirmala Sitharaman announced in the interim Budget for 2024-2025 that
U-WIN, along with intensified efforts under Mission Indradhanush, will be rolled out
nationwide for managing immunisation.
• "The portal will target 2.9 crore pregnant women and 2.6 crore infants (0-1 years) annually by
providing 11 vaccines against 12 vaccine-preventable diseases -- diphtheria, measles, rubella,
and tetanus through more than 1.2 crore vaccination sessions across the country," the official
added.
• The platform generates a uniform QR-based, digitally verifiable e-vaccination certificate,
similar to the Covid vaccination certificate, which can be accessed anytime by the citizens
through a single click. As of July 9, 2024, the pilot has registered 5.33 crore beneficiaries on U-
WIN. Over 83.55 lakh vaccination sessions have been digitally conducted,
• And 18.15 crore vaccine doses have been recorded." The U-WIN portal is likely to be launched
pan India in August end," the official stated. Citizens can self-register for vaccinations via the
U-WIN web portal or its Android mobile application, select preferred vaccination centres, and
schedule appointments.
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• Crypto exchange platform CoinDCX has acquired virtual digital assets (VDAs) platform
BitOasis, based in the Middle East and North Africa (MENA) region, for an undisclosed
amount as part of the companyRs. s global expansion strategy.
• This comes nearly ten months after CoinDCX invested in the company, marking one of its
earliest investments in the MENA region.
• Global IT consulting and services major Accenture announced the acquisition of Cientra, a
silicon design and engineering services company offering custom silicon solutions for global
clients. Founded in 2015, Cientra is headquartered in New Jersey, US, and has offices in
Frankfurt, Germany, as well as in Bangalore, Hyderabad, and New Delhi, India.
• This is the third acquisition by the firm in the design engineering and silicon design space. This
acquisition follows the addition of Excelmax Technologies, a Bangalore, India-based
semiconductor design services provider, earlier this week, and XtremeEDA, an Ottawa,
Canada-based silicon design services company, in 2022.
• The Canadian fund Brookfield has made an equity investment in Leap Green Energy, a
renewables platform based in Tamil Nadu, focused on providing clean energy solutions to
commercial and industrial customers, stated a press release. Brookfield and Leap Green
recently entered into definitive strategic investment agreements pursuant to which Brookfield
has acquired a stake.
4. Adi-Nadir Godrej family buys stake worth Rs 3,803 crore in Godrej Industries.
• The Adi-Nadir Godrej family has acquired a 12.65 percent stake worth Rs 3,803 crore from
RKN Enterprises in Godrej Industries, the flagship of the group. RKN Industries is owned by
Rishad K Naoroji, a cousin of Adi Godrej, and others.
• Nadir Godrej acquired a 7.57 per cent stake worth Rs 2,277 crore at a price of Rs 893 a share,
according to exchange data. The three children of group patriarch Adi Godrej acquired a 1.69
per cent stake worth Rs 509 crore each in the company. It has a market capitalisation of Rs
30,298 crore. Promoters held 67.16 percent stake in the company as of March 2024.
• Godrej Industries Group (GIG), which includes the listed companies, Godrej Industries, Godrej
Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have Nadir
Godrej as Chairperson and will be controlled by Adi Godrej, Nadir Godrej, and their immediate
families. Pirojsha Godrej will succeed Nadir Godrej as the Chairperson in August 2026.
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• FMCG giant Hindustan Unilever Limited (HUL) is selling its water purification business --
Pureit in India to AO Smith, a leading global water technology company, for Rs 601 crore ($72
million). There will be no change in the shareholding pattern of HUL following the proposed
slump sale.
• According to a regulatory filing, the completion of the transaction is expected to be completed
within three months, subject to any extension as per the terms of the transaction documents. For
HUL, the FY24 turnover of the water purification business was recorded at Rs 293 crore, which
is less than 1% of its turnover.
• Pureit was first launched in Chennai in 2004 with the introduction of Pureit Classic. It entered
the electric water purification segment in 2011. HUL had reported a 6% drop in its standalone
net profit at Rs 2,406 crore in the preceding quarter (Q4FY24). Revenue from operations in Q4
was marginally up at Rs 14,693 crore.
• Dharana Capital, an India-focused investment firm, announced the acquisition of shares worth
over Rs 400 crore (about $50 million) in-home services platform Urban Company (UrbanClap
Technologies Private Limited) through a significant secondary transaction. The companies did
not reveal if there has been any change in the valuation of Urban Company.
• The shares were acquired from employees and other shareholders, making this transaction the
largest employee stock ownership plan (ESOP) liquidity in Urban CompanyRs. s history.
Vamsi Duvvuri, founder and managing partner of Dharana Capital, will also join the board of
Urban Company as a non-executive director.
• ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas
Corporation (ONGC), has acquired Norwegian firm EquinorRs. s stake in an Azerbaijan
oilfield and an associated pipeline for USD 60 million. OVL currently has a 2.31 per cent stake
in the ACG field and 2.36 per cent in the BTC pipeline. The buyout of Equinor will help raise
its stake.
• OVL "has signed a definitive sale purchase agreement (SPA) for directly acquiring 0.615 per
cent participating interest (PI) in offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan
from Equinor. The agreement also includes acquiring 0.737 per cent shares of the Baku Tbilisi
Ceyhan (BTC) pipeline company through its wholly-owned subsidiary ONGC BTC Limited.
• The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12%
shareholding in Shriram LI Holdings Private Limited (SLIH) by Sanlam Emerging Markets
(Mauritius) Limited (SEMM). The proposed combination envisages the acquisition of 16.12%
from its existing shareholders.
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• SLIH is the promoter and holding company of Shriram Life Insurance Company Limited
(SLIC). SLIH has a 74.56% stake in SLIC.
• SEMM, incorporated in Mauritius, is a 100% subsidiary of Sanlam Limited, South Africa. It is
part of the Sanlam Group.
9. CCI approves proposed combination involving, inter alia, Amazon Asia-Pacific, Frontizo,
Appario, Haverl and CRPL.
• The Competition Commission of India (CCI) has approved the proposed combination
involving, inter alia, Amazon Asia-Pacific Holdings Private Limited (Amazon Asia-Pacific),
Frontizo Business Services Private Limited (Frontizo), Appario Retail Private Limited
(Appario), Haverl LLC (Haverl) and Clicktech Retail Private Limited (CRPL).
• The Proposed Combination involves-:
• Acquisition by Amazon Asia-Pacific of 76% of the equity shares in Frontizo from Zodiac
Wealth Advisors LLP (Zodiac).
• Acquisition of ApparioRs. s entire business, as a going concern, by CRPL,
• Acquisition of 1% shareholding by Haverl in New Trends Commerce Private Limited (NTCPL)
• Intra-group transactions among Clicktech Enterprises Private Limited (CEPL), NTCPL and
CRPL.
• Amazon Asia-Pacific acts as the seller of record for distribution of digital kindle content to end
customers in India. Amazon.com, Inc, the ultimate parent company of Amazon Asia-Pacific,
has certain indirect subsidiaries either registered in India or having business operations in India
(Amazon Affiliates).
• Frontizo’s wholly-owned subsidiary, Appario, is engaged in retail (B2C) business and
wholesale (B2B) sales in India. It currently offers for sale products to customers on the Amazon
India Marketplace, operated by ASSPL. Haverl is engaged in the business of making and
holding investments. CEPL is the parent/holding entity of NTCPL.
• NTCPL is the parent entity of CRPL. NTCPL would commence the business of providing
Business Onboarding and Integration Services.
• CRPL is engaged in B2C and B2B sales of products to customers on the Amazon India
Marketplace.
10. Mankind Pharma acquires Bharat Serums and Vaccines for Rs 13,600 crore
• Mankind Pharma has entered into a definitive agreement to acquire a 100 per cent stake in
Bharat Serums and Vaccines (BSV) from private equity firm Advent International for an
enterprise value of Rs 13,630 crore.
• The company was set up in 1971 with Vinod Daftary opening a blood bank and eventually
launching an injectable for expecting mothers.
• UltraTech Cement Ltd's board has approved the acquisition of an additional 33% stake in India
Cements Ltd from its promoters and associates at Rs 390 per share. The acquisition, valued at
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an enterprise value (EV) of $121 per tonne, involves an outflow of Rs 1,900 crore and is subject
to regulatory approvals.
• Shares of UltraTech Cement were trading 0.72% higher on the BSE at Rs 11,763.50, while
shares of Indian Cements rose 0.81% to Rs 377.65. Previously, UltraTech Cement acquired a
23% stake in India Cements in June, increasing its total stake to 56% at an EV of $108 per
tonne. UltraTech has also made an open offer for an additional 26% equity stake at Rs 390 per
share.
• According to Emkay Global, this acquisition significantly strengthens UltraTech Cement's
market position, with the company's capacity market share in the South expected to more than
double to 25% by FY27E. Emkay Global maintains a 'Buy' rating on UltraTech Cement, with a
target price of Rs 12,800 per share by June 2025, based on 20 times EV/E.
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States/UTs
Andhra Pradesh
• The Andhra Pradesh government led by Telugu Desam Party (TDP) president and chief
minister N Chandrababu Naidu launching the NTR Bharosa pension scheme, aimed at
distributing enhanced amounts of pensions among various sections of people .A total of Rs.
4,408 crore was distributed as pensions among 6.531 million beneficiaries of 28 different
categories at their doorstep.
Goa
1. Goa CM launches Rs. Goem Vinamulya Vij YevjanRs. to boost solar rooftop installation in
state.
• In a significant move towards sustainable energy and to boost solar energy adoption in Goa,
Chief Minister Pramod Sawant launched the Rs. Goem Vinamulya Vij Yevjan,Rs. an initiative
aligned with the Prime MinisterRs. s Surya Ghar Muft Bijli Yojana. This new scheme is
designed to enhance solar rooftop capacity and empower residential households in Goa to
generate their electricity.
• CM Sawant stated that PM Surya Ghar Muft Bijli Yojana aims to increase the share of solar
rooftop capacity and empower residential households to generate their electricity. He
additionally informed that the scheme has an outlay of Rs 75,021 crore and is to be
implemented till FY 2026-27.
• Further, he announced that the government of Goa, under the Goem Vinamulya Vij Yevjan,
with an initial investment of 35 crore, in addition to the Central Financial Assistance, the Goa
Energy Development Agency will bear the balance cost of the rooftop installation up to 5 kW
for consumers consuming 400 or fewer units for the last year.
Gujarat
• The Gujarat government plans to extend the "Cooperation among Cooperatives" initiative to all
33 districts after a successful pilot in two districts. It aims to centralise bank accounts and
deposits of cooperative societies for increased financial liquidity and loan accessibility.
• Over 4 lakh new accounts were opened, resulting in a significant boost of over Rs 966 crore in
bank deposits. As many as 1,700 micro ATMs have been installed to enhance financial services
at the village level. The initiative was envisioned by Union Cooperation Minister Amit Shah
and launched on a pilot basis in Banaskantha and Panchmahal districts of Gujarat.
• The pilot project was launched between June 2023 to January 2024 in two districts, the
government said in its statement. During the pilot project period, the existing bank accounts
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held by 1,048 milk societies were consolidated into the district co-operative banks along with
the complete transfer of surplus funds into their new bank accounts.
Haryana
1. Haryana cabinet approves IT Saksham Yuva Scheme to provide 5k jobs in first phase.
• The Haryana Cabinet gave nod to launch the IT Saksham Yuva Scheme, 2024, the target of
which is to give jobs to 5,000 youths in the first phase. Under this scheme, employment will be
provided to the youths who are graduate or postgraduate applicants from IT backgrounds.
• The aspirants will have to undertake the Haryana IT programme (specially designed short-term
courses) for a minimum of three months after which they will be deployed in various
departments, boards, corporations, districts, registered societies, etc., in Haryana or private
entities.
• The IT saksham yuva will be given Rs. 20,000, per month remuneration in the first six months
and thereafter Rs. 25,000,Rs. an official spokesperson said, adding in case any IT saksham
yuva is not deployed, the state government will pay an unemployment allowance of Rs. 10,000
per month.
• The scheme has been designed in accordance with the Rs. Mission 60,000Rs. announced while
presenting the 2024-25 budget proposals aiming to give employment to at least 60,000 young
individuals from poor families.
Karnataka
• The Karnataka government signed two MoUs worth Rs 1,040 crore with DN Solutions and
EMNI Company Limited in Seoul, South Korea. The MoUs were signed on the second day of
the delegationRs. s visit, led by Karnataka Minister for Large and Medium Industries and
Infrastructure Development M B Patil.
• Karnataka secures Rs 1,000 crore investment from DN Solutions and has committed from the
company for an investment of Rs 1,000 crore towards establishing machine manufacturing
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facilities, a research and development centre, and a technical support center for Indian
manufacturing companies.
• EMNI Co. Ltd has committed to invest Rs 40 crore for battery technology advancements. The
MoU is for investing in the storage, testing, and recycling of LG Energy SolutionRs. s battery
cells in Karnataka.
Kerala
1. Kerala becomes first state to record biodiversity with the help of local communities.
• Kerala has become the first state in the country to prepare Peoples Biodiversity Registers (PBR)
for each local self-government (LSG) body with the help of the local people.
• The National Green Tribunal (NGT) has given a deadline of January 31, 2020 to prepare PBR
in all states. Kerala has achieved it in the first week of December much before the date.
• PBR records information availability and knowledge of local biological resources and
traditional knowledge associated with them.
• According to the Kerala State Biodiversity Board website, except three LSGs, all the other
1040 LSGs have prepared PBR. The register will have details on wild, aquatic, urban, and agro
biodiversity.
• Kerala was also the first state to establish biodiversity management committees (BMCs) at all
levels in the state which were required to prepare PBR. BMC is responsible for monitoring
PBR preparation at Panchayat level. There will also be Panchayat coordinators and ward level
volunteers to collect data.
• Govt. sanctioned an expenditure of Rs.1,25,000 for grama panchayats, Rs. 2,50,000 for
municipalities and Rs. 5,00,000 for corporations from the general sector development fund of
the annual plan or own general purpose fund for PBR preparation," the board report says. In
total, Kerala spent Rs 13.97 crore for PBR preparation.
Meghalaya
• In a bid to promote language and culture, the Government of Meghalaya has launched its own
OTT platform, Rs. Hello Meghalaya.Rs. The platform, which was introduced at the Lariti
International Center for Performing Arts and Culture, marks a significant milestone as
Meghalaya becomes the first state in India to launch an OTT platform aimed at monetizing
youth passion.
• Hello Meghalaya aims to engage the stateRs. s vast youth population in productive activities
and drive economic growth. The platform offers a diverse array of content, including movies,
music videos, short films, and more. For filmmakers, the platform provides up to Rs. 5 lakhs
per film, with additional funding available for nationally or internationally acclaimed works.
• Content creators can earn Rs. 18,000 per month for maximum uploads, with additional funds
based on viewership. Chief Minister Conrad K. Sangma highlighted the platformRs. s potential
to revolutionize opportunities for local talent. The launch event featured a video teaser of Hello
Meghalaya and the presentation of the Meghalaya Content Creators Award 2024.
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Odisha
1. BJP govt renames Biju Patnaik Sports Award to Odisha Rajya Krida Samman.
• The newly elected BJP government has renamed Biju Patnaik Sports Award as Odisha Rajya
Krida SammanRs. . Odisha Sports and Youth Services Department issued guidelines for the
Rajya Krida SammanRs. which will be awarded in eight categories annually, subject to
availability of suitable candidates. The cash rewards remain unchanged.
Rajasthan
1. Airports Authority signs MoU with Rajasthan govt for developing greenfield airport at Kota.
• An MoU was signed between the Airports Authority of India( AAI), the Urban Development
Department, the government of Rajasthan, and the Civil Aviation Department, for the
development of Kota Greenfield Airport in Rajasthan.the Greenfield airport at Kota will be
constructed on 440.086 hectares of land for which a Detailed Project Report (DPR) is being
prepared by the AAI.
• As per the MoU, the government of Rajasthan will provide land for the development of the
greenfield airport and AAI will be responsible for the construction, development, and operation
of the airport. The goal is to make the airport operational within two years of the beginning of
the construction.
• The MoU was signed in the presence of Rajasthan Chief Minister Bhajanlal Sharma. The MoU
was signed by Chairman of AAI Sanjeev Kumar, Additional Chief Secretary to CM Sharma
and Civil Aviation, Shikhar Agarwal, and RajasthanRs. s Principal Secretary to the Urban
Development and Housing Department, T. Ravikant.
Telangana
• TelanganaRs. s Chief Minister A Revanth Reddy announced in July 2024 that he would address
unemployment by collecting data on job openings in all government offices every year by
March. The goal of the project is to make hiring notices and processes easier. The State
government will make a job calendar to make sure that every year by June 2, job notices are
sent out.
• The process of hiring people should be over by December 9.The goal of this structured method
is to make the hiring process for state jobs more open and accountable.The Chief Minister
highlighted the hardships faced by unemployed youth in the state and stressed the
governmentRs. s commitment to resolving these issues, alongside reforms made to the TGPSC.
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Uttar Pradesh
• The Uttar Pradesh government has lined up investment to the tune of Rs 75,000 crore in the
energy sector amid soaring demand for electricity which is likely to hit 53,000 megawatt (mw)
by 2028. Of the total Rs 75,000 crore worth of power projects, Rs 43,000 crore will go into
ramping up energy feeders infra and installing smart meters across the state.
• The remaining Rs 32,000 crore will be invested in two thermal projects, which are 1,980 mw
Ghatampur and 1,320 mw Obra C plants in Kanpur and Sonbhadra districts respectively.
Recently, UP Chief Minister Yogi Adityanath directed officials to expedite projects under the
jurisdiction of stateRs. s five electricity distribution companies (discoms).
2. Uttar Pradesh govt inks over 154 defence deals worth Rs 25,000 crore.
• The Uttar Pradesh government has signed more than 150 defence manufacturing deals worth Rs
25,000 crore as the state administration eyes IndiaRs. s burgeoning defence export basket.
IndiaRs. s annual defence
• production hit a record high of almost Rs 1.27 trillion in 2023-24 (FY24), up 16.7 per cent over
the previous yearRs. s figure of about Rs1.09 trillion, the Ministry of Defence.
• The defence projects are coming up in the mega UP Defence Industrial Corridor (UPDIC)
spanning six nodes of Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot and Agra districts.
• We have signed 154 memorandums of understanding (MoUs) with different companies, while
about 85 deals are in the pipeline at the evaluation stage, UP Official said.
Uttarakhand
1. Uttarakhand govt portal eSwasthya Dham integrates with Ayushman Bharat Digital M.
• The Uttarakhand GovernmentRs. s Department of Health and Family Welfare has launched a
portal called eSwasthya Dham. eSwasthya Dham portal helps in monitoring the Char Dham
Yatra pilgrimRs. s health parameters. It ensures the smooth journey of pilgrims visiting
Yamunotri, Gangotri, Kedarnath, and Badrinath together called as the Char Dham Yatra.
• Union Health Ministry said in a release that the eSwasthya Dham portal provides a range of
benefits to the pilgrims and one of them is the generation of ABHA. Pilgrims can easily create
their ABHA 14-digit number at the eSwasthya Dham portal in a couple of minutes.
• Till date, over 65 crore ABHA have already been created. ABHA comes with several benefits
for citizens including storing and managing their health records safely. It also allows them to
share their health records securely with a doctor anytime and anywhere with their consent.
• Through ABHA citizens can avail several digital health benefits from avoiding the long queues
at healthcare facilities for registration to facilitating doctor appointments.
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• In J&K, the administration has established a seven-member panel to identify foreign nationals
who have been illegally overstaying in J&K for the past 13 years. This initiative aims to
facilitate the deportation of these individuals and address the issue of illegal immigration. The
committee has to identify foreign nationals illegally overstaying in the UT since 2011.
• The committeeRs. s primary responsibilities include gathering biographic and biometric details
of illegal migrants and maintaining an updated digital record. They are required to prepare a
monthly report and submit it to the Union Home Ministry by the fifth day of each month.
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QUICK LEARNERS
BANKING
Cash Reserve Ratio (CRR) 4.50%
Statutory Liquidity Ratio (SLR) 18.00%
APPOINTMENTS
APPOINTMENT POST
Challa Sreenivasulu Setty Chairman of State Bank of India (SBI)
Ravi Agarwal Chairman of the Central Board of Direct Taxes
(CBDT)
Rushabh Gandhi MD & CEO of the IndiaFirst Life Insurance
Naveen Chandra Jha MD & CEO of SBI General Insurance
NS Raja Subramani Vice Chief of Army Staff
Upendra Dwivedi 30th Chief of Indian Army
B.N. Gangadhar Chairperson of the National Medical Commission
Charulatha S. Kar Executive Director of Reserve Bank of India
Sheel Nagu Chief Justice of Punjab and Haryana High Court
Hemant Soren Chief Minister of Jharkhand
Dhirendra Ojha Director General of Press Information Bureau
Ratan Kumar Resh Interim Head of Bandhan Bank
Govind Singh MD & CEO of Utkarsh Small Finance Bank
(Utkarsh SFB)
BR Sarangi Chief Justice of Jharkhand High Court
SN Goel Chairman and Managing Director of Indian Energy
Exchange
Tushar Vikram Country Head of Mashreq
Rashmi Bajpai Executive Director of Oriental Insurance Company
Ltd
Amit Mishra Executive Director of OICL
Hitesh Ramesh Chandra Joshi Executive Director of GIC Re
Prasad C.G Executive Director of NICL
Sunita Gupta Executive Director of UIICL
Radhika C.S Executive Director of GIC Re.
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IMPORTANT DAYS
DATE DAY THEME
1st July National Chartered Accountant Day
1st July National Doctor Day
1st July National Postal Worker Day
2nd July World Sports Journalists
3rd June International Plastic Bag Free Day
6th July International Day of Cooperatives Multilateral solutions for a better tomorrow.
6th July World Zoonoses Day
7th July World Kishwahili Language Day Kishwahili: Education and Culture of Peace
10th National Fish FarmerRs. s Day
July
11th World Population Day Leave no one behind, count everyone
July
12th International Day of Combating sand
July and Dust Storms
15th World Youth Skill Day Youth Skills for peace and Development
July
17TH World Day for International Justice Overcoming Barriers and Unleashing
July Opportunities for Social Justice
18th Nelson Madela International Day Combatting Poverty and inequality is in our
July hands
20th International Chess Day
July
22nd Pi Approximation Day
July
24th Income Tax Day
July
25th National Flag Day
July
25th World Drowning Day Anyone can drown, no one should
July
28th World Hepatitis Day ItRs. s time to act
July
28th World Nature Conservation Day Advocate for international cooperation and
July policy reforms to enhance.
29th International Tiger Day
July
30th International Day of Friendship
July
30th World Day of Against Trafficking in
July Persons
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SPORTS
NAME OF THE SPORTS PERSON RELATED FIELD
Jyothi Yarraji Athletics
Vinesh Phogat Wrestling
Abhimanyu Kumar Wrestling
Jointy Kumar Wrestling
Sahil Jaglan Wrestling
Gagan Narang Shooting
Dhruv Sitwala Billiards
Anupama Ramachandran Billiards
Avinash Sable Steeplechase
Lewis Hamilton Racing
Gautam Gambhir Cricket
Tasmin Mir Badminton
Tharun Mannepalli Badminton
Sabeera Haris Shooting
Carlos Alcaraz Tennis
Barbora Krejckova Tennis
Shikhar Dhawan Cricket
Oscar Piastri Racing
Hardik Pandya Cricket
Manu Bhaker Shooting
SCHEMES
NAME OF THE THEME
SCHEME
Jan Suraksha Schemes The JanSuraksha Portal, an initiative undertaken by the Department of
Financial Services (DFS) of the Government of India, facilitates
digital enrolment and claim settlements for the Pradhan Mantri Jeevan
Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha
BimaYojana (PMSBY).
Scheme A: First Timer This scheme, which is expected to benefit 2.1 crore youth over 2
years, will provide one-month wage to all persons newly entering the
workforce in all formal sectors. The eligibility limit will be a salary of
Rs. 1 lakh per month. Direct benefit transfer of one-month salary will
be up to Rs. 15,000 in 3 installments to first-time employees, as
EPFO.
Scheme B: Job Creation Aiming at substantial hiring of first time employees in manufacturing,
in Manufacturing this scheme will incentivize additional employment in the sector,
thereby is expected to benefit 30 lakh youth entering employment and
their employers.
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Scheme C: Support to This employer-focussed scheme will cover all additional employment
Employers within a salary of Rs. 1 lakh per month in all sectors.
National Green The scheme encompasses the development of robust quality and
Hydrogen Mission performance testing facilities to ensure quality, sustainability, and
safety in GH2 production and trade.
Production linked The PLI Scheme for white goods has been designed to create a
Incentive (PLI) Scheme complete component ecosystem for ACs and LED lights industry in
the country and make India an integral part of the global supply
chains. The scheme is expected to result in the growth of domestic
value addition from the current 15-20 per cent to 75-80 per cent.
GRSE Accelerated It is an innovative scheme which seeks solution to the problems
Innovation Nurturing related to the shipyards and promotes technology development using
Scheme (GAINS 2024) the start-ups created and nurtured in the country.
GAINS is a unique national scheme to encourage and enable MSMEs
and Start-Ups to develop innovative solutions that GRSE may
incorporate for further technological advancement.
Electric Mobility Electric Mobility Promotion Scheme 2024 will provide further
Promotion impetus to the green mobility and development of electric vehicle
Scheme(EMPS) (EV)manufacturing ecosystem in Country.
OBITUARY
OBITUARY RELATED FIELD
Jon Landau Film Producer
Aparna Acting
Subhash Dandekar Artwork
MS Valiathan Medical (Surgeon)
Kamala Pujari Agriculture
DEFENCE
DEFENCE EXERCISE NAME COUNTRIES INVOLVED
Nomadic Elephant India-Mongolia
Khan Quest Indian Army and Mongolian Army
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India-UAE The 12th meeting of the India-UAE Joint Defence Cooperation Committee
(JDCC) concluded in Abu Dhabi, marking a significant step in bolstering
defense relations between the two nations.
India-Japan The 7th India-Japan Medical Product Regulatory Symposium, organised by
the Central Drugs Standard Control Organization (CDSCO) under the
Ministry of Health and Family Welfare, Government of India, was
successfully held at the FICCI Convention Hall.
India-Bhutan A delegation from the Royal Government of Bhutan met Shri Kirti Vardhan
Singh, Union Minister of State for Environment, Forest and Climate Change
and discussed issues related to air quality, climate change, forests, natural
resources, wildlife and renewable energy.
India-US India and the United States on their first agreement to prevent illegal
trafficking of cultural property and return of antiquarian objects to their place
of origin, the Ministry of Culture.
India-Saudi Government of India to provide active support to Saudi investments of the
Arabia order of US$ 100 billion that were committed during the visit of the Crown
Prince and PM of Saudi Arabia.
AWARDS
AWARDE AWARDS NAME RELATED FIELD
Young Liu Padma Bhushan
Arundhati Roy PEN Pinter Award Author
Sepoy Pawan Kirti Chakra Defence
Kumar
Anshuman Kirti Chakra Defense
Singh
Abdul Majid Kirti Chakra Defence
Roshni Dhar Chevalier de la Lgion Business
dRs. Honneur
Nagaland Agriculture Leadership Agriculture
Award 2024
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Practise Question
4. In July 2024, which among the following banks 8. In July 2024, which among the following bank
has launched a facility to collect direct taxes online has launched a pre-paid Sapphiro Forex Card,
from its customers and non-customers across crafted specifically for students who are going
India? abroad for higher education, the card comes with an
a. State bank of india array of joining benefits up to Rs 15,000, along with
b. Bandhan Bank exclusive privileges?
c. Axis Bank a. Axis Bank
d. Canara Bank b. State Bank of India
e. HDFC bank c. ICICI Bank
d. Bank of Baroda
5. Which bank has recently been felicitated with the e. Canara Bank
Atal Pension Yojana Annual Award for FY2023-24 by
PFRDA (Pension Fund Regulatory and Development 9. In July 2024 Bajaj Housing Finance is venturing
Authority Awards) in recognition of its outstanding into the affordable housing finance sector and has
launched a home loan initiative targeting first-time
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home buyers with affordable income criteria. what 13. In July 2024, who collaborated to make UPI QR
is the name of this initiative? codes easily available across the UAE and Middle
a. Sambhav East, aiming to provide seamless payment
b. Bhairav experiences for Indian travelers and NRIs?
c. Surakshit a. NPCI International and Visa
d. Saral b. NPCI International and Mastercard
e. Samay c. NPCI International and Network International
d. NPCI International and American Express
10. In July 2024 ,The Reserve Bank of India said it e. NPCI International and PayPal
has joined a multilateral international initiative to
enable instant cross-border retail payments by 14. In July 2024, which among the following has
interlinking domestic Fast Payments Systems rebranded itself as Sammaan Capital after receiving
(FPSs). Other than India, which among the the necessary approvals from regulatory
following countries is/are the founding members of authorities?
this initiatives? I. Malaysia II. Singapore III. Japan a. Indiabulls Housing Finance
IV. Thailand b. Housing Finance
a. I and III Only c. Finance Capital
b. I and IV Only d. SBI Capital
c. II and III Ony e. HDFC Capital
d. III and IV Only
e. I, II and IV Only 15. Which of the following statements about SBIs
initiatives on its 69th Foundation Day is/are correct?
11. NABARD has partnered with Online PSB Loans I.SBI opened 35 new Agricultural Centralised
Ltd to digitalize Jan Suraksha Schemes for regional Processing Cells. II.SBI launched a fully digital end-
rural banks. Which of the following statements to-end journey for SBI Surya Ghar Loan. III. SBI
about the JanSuraksha Portal is/are correct? I. The inaugurated the second Global NRI Centre (GNC) in
JanSuraksha Portal is an initiative by the Patiala, Punjab. IV. SBI introduced tap-and-pay on
Department of Financial Services (DFS) of the the YONO app.
Government of India. II. It facilitates digital a. I and III only
enrolment and claim settlements for the Pradhan b. I, II, and III only
Mantri kalyan Yojna. III. It also covers the Pradhan c. II and IV only
Mantri Suraksha Bima Yojana (PMSBY). IV. It was d. I, II, III and IV
created exclusively for urban banks and financial e. II and III only
institutions.
a. I and II only 16. In July 2024,The RBI has cancelled the licence
b. I, II, and III only of______________________ in the wake of its
c. II and IV only worsening financial position. The bank ceases to
d. I and III only carry on banking business, with effect from the
e. I, II, III and IV only close of business on July 04, 2024.
a. Nagpur Sahakari bank,Maharashtra
12. NABARD and Online PSB Loans Ltd have signed b. Bikaner Mercentile Co-operative Bank
an agreement to promote financial inclusion through c. Banaras Merchantile Co-operative Bank,
regional rural banks. Which of the following Varanasi
statements is/are true about this collaboration? I. d. Thane Sahakari Co-operative Bank
The collaboration seeks to smoothen the process of e. Punjab Co-operative Bank
enrolment and claim settlement under the Jan
Suraksha Schemes. II. It involves all 43 Regional 17. In July 2024, On which bank did the Reserve
Rural Banks (RRBs) in India. III. The initiative aims Bank of India impose a monetary penalty of Rs 1.31
to bridge the financial gap in rural areas. IV. The crore for non-compliance with KYC and 'loans and
collaboration excludes digital solutions for seamless advances' directions?
enrolment and efficient settlement of schemes. a. State Bank of India
a. I and II only b. Punjab National Bank
b. I, II, and III only c. Bank of Baroda
c. II and IV only d. ICICI Bank
d. I and III only e. HDFC Bank
e. I, II, III and IV only
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18. In July 2024, the RBI has canceled the license e. Indian Bank
of which among the following bank for the wake of
its worsening financial position? 23. In July 2024, Paytm, has rolled out Paytm
a. Shimsha Sahakara Bank Niyamitha. Health Saathi, an exclusive health and income
b. Agricultural Credit Cooperative Society protection plan for its merchant partners. Which
c. Pratibha Mahila Sahakari Bank. platform is used to offer the 'Paytm Health Saathi'
d. Orissa State Cooperative. plan to merchant partners? I.Paytm Mall app II.
e. Anyonya Co-operative Bank Limited Paytm for Business app III. Paytm Money app IV.
Paytm Payments Bank app
19. In July 2024, What features are included in the a. I and II only
AI-powered tools 'Universal i Assess' and 'Universal b. II and III only
i Gen' launched by Universal Sompo to expedite c. I, II, and IV only
motor claims settlements? I. Real-time claims d. II only
estimates II. Damage analysis by surveyors III. e. IV only
Automated policy renewals IV. Integration with
blockchain technology 24. In July 2024, The EXIM Bank of India has
a. I and II only entered into a $2.5 million Line of Credit agreement
b. II and III only with the government of _______________ to the
c. I, II, and IV only installation of a solar photo voltaic power plant.
d. I, II, and III only a. Brazil
e. I, III, and IV only b. Argentina
c. Peru
20. In July 2024, Markets regulator Sebi has issued d. Guyana
new guidelines to streamline operations and e. Chile
enhance the ease of doing business for credit rating
agencies. The circular introduces specific timelines 25. In July 2024, The Sixteenth Finance
for dealing with appeals made by companies Commission constituted an advisory council with
regarding rating actions carried out during periodic five members to advise the Commission on any of
surveillance of ratings. As pet SEBI, these the Terms of Reference (ToR) or related subjects.
modification will be applicable, with effect from Who has been appointed as the convenor of the
________________. advisory council constituted by the Sixteenth
a. July 31st, 2024 Finance Commission?
b. August 1st, 2024 a. D.K. Srivastava
c. September 30th, 2024 b. Neelkanth Mishra
d. October 1st, 2024 c. Poonam Gupta
e. January 1st, 2025 d. Pranjul Bhandari
e. Rahul Bajoria
21. In July 2024,_____________ has announced to
raise 7,500 Crore Through AT1 and Tier 2 Bonds 26. In July 2024, The Sixteenth Finance
with board approval secured for the financial year Commission constituted an advisory council with
2024-25. These bonds will be issued in multiple five members to advise the Commission on any of
tranches and include an interchangeability option in the Terms of Reference (ToR) or related subjects.
India and overseas. Which member of the advisory council holds the
a. Bank of Baroda position of Chief India Economist at HSBC Securities
b. State Bank of India & Capital Markets?
c. Indian Overseas Bank a. D.K. Srivastava
d. Punjab national Bank b. Neelkanth Mishra
e. Central Bank of India c. Poonam Bhandari
d. Pranjul Bhandari
22. In July 2024, Which Bank has appointed e. Rahul Bajoria
executive director Ratan Kumar Kesh as its interim
head to navigate the daily operations as managing 27. In July 2024, French banking major has
director and chief executive office? launched operations at the Gujarat International
a. Canara Bank Finance Tec-City - International Financial Services
b. Bandhan Bank Center (GIFT-IFSC) by opening a new branch. What
c. Bank of Baroda is the name of the French banking major that
d. Punjab and Sindh Bank launched operations in GIFT City?
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36. In July 2024, Jio Financial Services is the [MCLR] by 5-10 basis points for tenures from one
demerged entity of energy-to-telecom conglomerate month to three years, effective July 15. What are
Reliance Industries Ltd (RIL) and Jio Financial the new MCLR rates for various tenures at SBI,
Services received approval from the Reserve Bank effective July 15? I. 8.35% for one month II. 8.40%
of India to convert from a Non-Banking Financial for three months III. 8.75% for six months IV.
Company (NBFC) to a _______________. 9.00% for five month
a. Investment Bank a. I and II only
b. Commercial Bank b. II and III only
c. Core Investment Company (CIC) c. I, II, and III only
d. Asset Management Company d. I, III, and IV only
e. Microfinance Institution e. I, II, III and IV
37. In July 2024, Indians can now pay via UPI 41. In July 2024, Kotak Mahindra Bank (KMB) has
in_________________________ thanks to an unveiled a new distribution structure, integrating
agreement signed between NPCI International the physical branch network, digital branch channel
Payments (NIPL) and ______________________, (encompassing mobile banking and net banking
the largest financial institution in the Middle East platforms), and voice channel. As per the new
and Africa which aims to simplify transactions for a distribution structure, Who has been appointed as
large number of Indian tourists in this country by the Head of Distribution at Kotak Mahindra Bank?
allowing them to scan a QR code and use UPI for a. Pranav Mishra
payments. b. Uday Kotak
a. Japan, Japan Investment Bank c. Deepak Parekh
b. Qatar, Qatar National Bank (QNB) d. Shikha Sharma
c. UAE, Al Khaliji Commercial Bank e. Chanda Kochhar
d. Iran, Masraf Al Rayan
e. Saudi Arab, Commercial Bank of SA 42. What is the name of the Fund which is launched
by The National Bank for Agriculture and Rural
38. In July 2024, Which Bank has signed a pact Development (NABARD) under NABVENTURES aims
with the Steel Authority of India to provide home to promote investment in innovative, technology-
loan, car loan, and education loans to the latter's driven, high-risk, and high-impact activities in
employees at concessional rates. Which state- agriculture and allied areas?
owned bank has signed a pact with Steel Authority a. Kheti Fund
of India (SAIL) to offer loans to its employees? b. Agri SURE
a. State Bank Of India c. Agri Mint
b. Punjab National Bank d. Farming Fund
c. Bank of Baroda e. Agro- Farma
d. Canara Bank
e. Union Bank of India 43. In July 2024, the State Bank of India (SBI) has
launched a special deposit scheme Amrit Vrishti to
39. In July 2024, Canara Robeco Mutual Fund has amid concerns over slow deposit mobilisation by
launched the Canara Robeco Balanced Advantage banks, resulting in a higher credit-deposit growth
Fund, an open-ended dynamic asset allocation, the gap. What are the key features of the State Bank of
fund is an asset allocation product, will dynamically India's special deposit scheme "Amrit Vrishti"? I. It
allocate equity based on in-house model to Offers 7.25 per cent interest on deposits for 444
eliminate investor biases. What Two features does days. II. The scheme also offers an additional 0.50
the Canara Robeco Balanced Advantage Fund NFO percent interest rate to senior citizens. III. Available
offer? for investment until December 31, 2025.
a. Auto switch and smart STP a. I and II Only
b. Auto rebalance and dynamic allocation b. II and III Only
c. Systematic Investment Plan (SIP) and one-time c. I Only
investment d. I, III Only
d. Automatic reinvestment and systematic e. I, II, and III
withdrawal
e. Dividend payout and growth options 44. In July 2024, Arka Fincap Limited, an NBFC and
part of the Kirloskar Group, has a co-lending
40. In July 2024, SBI, India's largest lender, has agreement with the Central Bank of India. With this
raised the Marginal cost of fund based lending rate agreement, Arka will be able to offer loans to
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MSMEs at affordable rates, expand their presence Entity respective of the above Context? I.
across India, Arka would originate and process loan Commercial Banks II. Cooperative Banks III. Non-
proposals in the MSME sector using collaboratively Banking Finance Companies IV. Insurance Entities.
developed credit parameters and eligibility criteria, a. I and II only
while the Central Bank of India will accept b. I only
___________________________ of MSME loans on c. III and IV only
mutually agreed-upon terms. d. I, II, and IV only
a. 450% e. IV only
b. 50%
c. 60% 49. With Consumer Price Index (CPI)-based
d. 80% inflation back at over 5 percent to touch 5.1 percent
e. 100% in June 2024, Barclays Research expects the
Reserve Bank of India (RBI) to stay hawkish and go
45. In July 2024, which of the following has in for the first interest rate cut in December only.
completed certification from NPCI to facilitate UPI- For the entire 2024-25, Barclays Research expects
based payment solutions to Banks, Financial inflation to average _________________.
Institutions, and Fintech which is also approved for a. 4.3 per cent
UPI Unified Dispute and Issue Resolution (UDIR)? b. 4.5 per cent
a. Techno Gems c. 4.7 per cent
b. Techfull Entity d. 5.2 per cent
c. TechFini e. 5.5 per cent
d. Xiomi
e. Apple 50. In July 2024, The Reserve Bank of India (RBI)
has formed a committee to review the fee structure
46. In July 2024, the Life Insurance Corporation of for white-label ATMs (WLAs).This committee will
India (LIC) has entered into a Bancassurance evaluate current policies and practices, aiming to
agreement with recommend a fair and sustainable model that
_______________________________ to benefit balances the interests of all stakeholders And
over 1 crore customers of this, who will now have assessment will be done on fee structure, existing
the convenience of purchasing LIC policies through ATM infrastructure and international best practices.
the bank. which of the following statements are/is correct
a. IDFC First Bank respective of this committee? I. The committee is
b. Central Bank Of India tasked with evaluating the current fee structure,
c. Punjab National Bank existing ATM infrastructure, and international best
d. State Bank Of India practices. II. There are currently four authorized
e. Axis Bank non-bank entities operating white-label ATMs in
India. III. The committee, headed by Indian Banks'
47. In July 2024, the Reserve Bank of India has Association chief executive Sunil Mehta, has
imposed a monetary penalty of Rs. 25,000, Rs. 1.00 representation from the National Payments
lakh, and Rs. 2.00 lakhs on Sivagangai District Corporation of India (NPCI),
Central C-Operative Bank, Abasahed Patil Rendal a. I and II Only
Sahakari Bank Limited and Nagarik Sahakari Bank b. II and III Only
Limited respectively. Sivagangai District Central Co- c. I Only
Operative Bank Limited is a _____________ based d. I, III Only
Co-operative bank. e. I, II, and III
a. Andhra Pradesh
b. Karnataka 51. According to the Data released by the Reserve
c. Maharashtra Bank of India (RBI), Overseas Indians deposited
d. Tamil Nadu close to $3 billion in non-resident Indian (NRI)
e. Kerala deposit schemes in ______________________
FY25, which is over four times higher than the
48. In July 2024, the Reserve Bank of India has amount deposited in these schemes in the same
issued three revised Master Directions on Fraud Risk period last year
Management for the Regulated Entities and these a. June-July
have been prepared based on a comprehensive b. Jan-Feb
review of the earlier Master Directions, Circular, and c. March-April
emerging issues. Which is the following is not the d. April-May
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hit a new all-time high of $657.16 billion in the 8. In July 2024, According to the Budget 2024-25,
week ended July 5. The allocation for the Ministry of Defence is Rs
a. $5.16 billion 6,21,940.85 crore in FY 2024-25, reflecting the
b. $6.23 billion highest budget among all ministries which is aimed
c. $7.41 billion to promote Aatmanirbharta in defence technology
d. $7.83 billion and manufacturing, equipping the Armed Forces
e. $8.13 billion with modern weapons and platforms, and creating
job opportunities for the youth. Which of the
4. According to data released by the Ministry of following statements is INCORRECT respective of
Commerce and Industry, Indias Wholesale Price this? I. The budgetary allocation under the capital
Index (WPI)-based inflation rose for the fourth head for the Defence Forces is Rs 1.72 lakh crore
consecutive month in June to a 16-month high of for FY 2024-25, which is 20.33% higher than the
_______________ from 2.61 per cent in May, actual expenditure of FY 2022-23 and 9.40% more
primarily on the back of an adverse base effect and than the Revised Allocation of FY 2023-24. This
a sharp spike in food prices. allocation focuses on the modernization of the
a. 3.36 percent forces. II. The total budgetary allocation for defence
b. 4.36 percent pensions is Rs 1,41,205 crore, which is 80% higher
c. 5.49 percent than the allocation made during 2023-24. III. The
d. 3.99 percent Government has increased the allocation on
e. 9.36 percent innovation in defence through iDEX from Rs 115
crore during FY 2023-24 to Rs 518 crore in the
5. According to a CRISIL report ,Industrial activity current fiscal year, which will boost start-
in the current fiscal year is poised to gain support ups/MSMEs/innovators.
from domestic consumption, with an anticipated a. I Only
improvement in private consumption, which had b. II Only
weakened to 4% last fiscal year. The Index of c. III Only
Industrial Production (IIP) recorded a year-on-year d. I and II Only
growth of __________ in May, up from 5.0% in e. I, II, and III
April, reflecting a healthy surge in industrial activity.
a. 5.0% 9. In July 2024, Union Minister for Finance and
b. 5.9% Corporate Affairs, Smt. Nirmala Sitharaman, while
c. 6.8% presenting the Union Budget 2024-25 in Parliament
d. 7.5% she announced the Prime Ministers package of 5
e. 8.2% schemes and initiatives which aims to facilitate
employment, skilling, and other opportunities for
6. The Asian Development Bank (ADB) kept India's 4.1 crore youth over a 5-year period with a central
GDP growth projection for FY25 unchanged at outlay of Rs. 2 lakh crores. which of the following
_________________percent due to robust amount is Directly benefit transfer of one-month
expansion in the industrial sector and strong salary in 3 installments to first-time employees, as
demand in construction led by housing. EPFO, according to the Scheme A: First Timers?
a. 7 a. 15000
b. 6.5 b. 16000
c. 8 c. 18000
d. 7.5 d. 30000
e. 8.6 e. 12000
7. What is the revised GDP growth forecast for India 10. In July 2024, In Union Budget 2024-25, Finance
by The International Monetary Fund (IMF) for the Minister Nirmala Sitharaman proposed to abolish
fiscal year 2024-25, which is raised by 20 basis the ____________________________ for all
points to boost in private consumption, especially in investor classes while presenting the Union Budget
rural areas? for 202425 and the impact of this move is expected
a. 6.5% to be substantial, potentially adding 30 to 40%
b. 6.7% more capital from this tax investors into the startup
c. 7.0% ecosystem in the near term.
d. 7.2% a. Capital gains tax
e. 7.5% b. Dividend tax
c. Angel tax
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included in the index since its inception in June maintain strong fiscal support for infrastructure
2005. over the next 5 years.
a. 16th a. 9,00,000 crore
b. 19th b. 10,00,000 crore
c. 25th c. 11,11,111 crore
d. 31st d. 12,00,000 crore
e. 35th e. 13,00,000 crore
17. In July 2024, The Union Budget 2024-25 20. In July 2024, Union Minister for Finance and
reaffirms its commitment to empowering citizens, Corporate Affairs Smt. Nirmala Sitharaman
especially the poor and marginalized sector, presented the Union Budget 2024-25 in Parliament,
Building on the foundation laid since 2014, this For this FY 2024-25, the government has allocated
budget focuses on strengthening the abilities of all record Capex to Rs.
Indians to seize opportunities in the journey ____________________________ for Railways,
towards a 'Viksit Bharat' (Developed India), under and said Capacity enhancement, decongestion of
this which of the following scheme focuses on the high-density networks, achieving a reduction in
development of the Eastern Region, including states logistics cost in the country, and enhancing
like Bihar, Jharkhand, Odisha, West Bengal, and Passenger experience and their Safety remain the
Andhra Pradesh worth 21,400 crore power projects priority areas for the government.
for development of Eastern India. ? a. 2,62,200 Crores
a. Stand-Up India b. 2,52,200 Crores
b. Deendayal Antyodaya Yojana c. 2,42,200 Crores
c. Purvodaya Scheme d. 2,72,200 Crores
d. PM Vishwakarma Yojana e. 2,32,200 Crores
e. SVANidhi Scheme
National
18. In July 2024, Finance minister Nirmala
Sitharaman announced a Budget 2024-25 in which 1. Global IndiaAI Summit is recently held in
Significant investments will be made in power ________.
projects, including a new 2400 MW power plant at a. Lucknow
Pirpainti, The government remains committed to b. New Delhi
fulfilling the commitments made under the Andhra c. Jaipur
Pradesh Reorganization Act, which of the following d. Chandigarh
statement is correct regarding the key initiatives of e. Chennai
Andhra Pradesh? I. Polavaram Irrigation Project
which is ensuring the timely completion of this vital 2. Recently , Parliament has passed 3 New Criminal
project to support the state's farmers and enhance Laws Bharatiya Nyaya Sanhita, 2023, Bharatiya
food security. II. Special support of 15,000 crore for Nagarik Suraksha Sanhita, 2023 and Bharatiya
Andhra Pradesh,new industrial nodes in Kopparthy Sakshya Adhiniyam, 2023, come into force
and Orvakal. III. Investments in infrastructure for on_______.
Kopparthy node on the Visakhapatnam-Chennai a. 12 july
Industrial Corridor, Orvakal node on the Hyderabad- b. 15 July
Bengaluru Industrial Corridor. c. 7 July
a. I Only d. 30 June
b. II Only e. 30 july
c. III Only
d. I and II Only 3. In July 2024, the government announced the
e. I, II, and III extension of the flagship Smart Cities Mission (SCM)
in 100 cities till March 2025. The government take
19. The Union Minister for Finance & Corporate this decision because of following requests from
Affairs, Smt Nirmala Sitharaman presenting the several states and urban local bodies seeking time
Budget 2024-25 in Parliament announced the to complete the remainder of the projects. What
provisioning of percentage of the total projects under the mission
Rs,___________________________ for capital were in advanced stages of completion?
expenditure, It will be 3.4 percent of countrys GDP a. 10%
and said that the Government will endeavour to b. 20%
c. 50%
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19. In July 2024, Who has initiated discussions with d. Health Reseach Centre
the Ministry of Electronics and Information e. Network Clinical Centre
Technology (MeitY) to develop an AI Audit Tool for
monitoring corporate India and detecting fraud and 23. What is the name of the event which is
planned AI Audit Tool will use artificial intelligence organised by Ministry of Skill Development and
to monitor company performance, report fraud, and Entrepreneurship (MSDE) to celebrate World Youth
help companies remain viable? Skills Day 2024 and 10th year celebrations of the
a. Ministry of Corporate Affairs Skill India Mission where a group of 50 skilled
b. Institute of Chartered Accountants of India people who have honed skills through various Skill
(ICAI) India schemes and programs came together to
c. Reserve Bank of India (RBI) celebrate event?
d. Securities and Exchange Board of India (SEBI) a. Skill Development Exhibition
e. Ministry of Finance b. Vocational Training Workshop
c. Kaushal Samwaad
20. Indian Oil launches high-speed car racing fuel d. Job Fair
STORM-X in july 2024. What are the notable e. Digital Skills Seminar
aspects of IndianOil's new racing fuel, STORM-X,
which was produced at their Paradip refinery and 24. In July 2024, which Telecom Company
dispatched as its maiden consignment? I. STORM-X Foundation has announced a scholarship
is a high-octane petrol specifically formulated for programme to support students pursuing
racing cars. II. IOC Director (Marketing) V Satish technology-based engineering undergraduate
Kumar flagged the dispatch of the maiden courses and integrated programs in the top 50
consignment of STORM-X. III. The fuel blends high- National Institutional Ranking Framework (NIRF)
octane rating gasoline streams with advanced (Engineering) colleges, including IITs and is
sustainable components, including 2G Ethanol from commemorating its 25th anniversary?
Panipat Refinery. IV. IndianOil has partnered with a. Bharti Airtel Foundation
the Madras Motor Sports Club to supply STORM-X b. Jio Reliance Foundation
for the 3rd and 4th rounds of the Indian National c. Vodafone
Racing Championship. d. BSNL Foundation
a. I and II only e. IDEA
b. I, II, and III only
c. I, III, and IV only 25. In July 2024, the Government has revised the
d. I, II, III and IV composition of NITI Aayog. who among the
e. II and III only following has been included as an Ex-Officio
Member along with Home Minister Amit Shah,
21. Who inaugurated the 95th Foundation and Agriculture Minister Shivraj Singh Chouhan and
Technology Day on 16th July, which aims to Finance Minister Nirmala Sitharaman?
encourage innovations in agriculture, forty selected a. Health Minister Jagat Prakash Nadda
technologies will also be released and the b. Defence Minister Rajnath Singh
developers will also get recognition at Dr. C. c. Panchayatiraj Minister Rajiv Ranjan Singh
Subramaniam Auditorium, NASC Complex? d. Civil Aviation Minister K Rammohan Naidu
a. Shri Narendra Singh Tomar. e. Social Justice and Empowerment Minister Dr
b. Shri Gajendra Singh Shekhawat. Virendra Kumar
c. Shri Jitendra Singh.
d. Shri Ashwini Vaishnaw. 26. In July 2024, which of the following
e. Shri Rajeev Shukla. Corporation, is the first multipurpose river valley
project of independent India, will be corporatised,
22. Union Minister Dr. Jitendra Singh inaugurated unbundling into at least three entities for
Asias first health research-related transmission, generation, and distribution to
_____________________________ under the achieve greater efficiency.
Coalition of Epidemic Preparedness Innovations a. Damodar Valley
(CEPI) at the Regional Centre of Biotechnology b. Dehradun Valley
under the aegis of the "Translational Health Science c. Tata Corporation
& Technology Institute" (THSTI), Faridabad. d. J&S Corporation
a. Pre-clinical Network facility. e. Delhi Valley
b. Post-Medical Facility
c. Clinical Podium
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27. In July 2024, Union Minister Shri G. Kishan a. Kaziranga National Park
Reddy launched the Mineral Exploration Hackathon b. Manas Wildlife Sanctuary
focused on Innovative Mineral Hunt Techniques in c. Maidam
Hyderabad. Which of the following is/are correct d. Loktak Lake
regarding this event? I. The Hackathon aims to e. Tawang Monastery
promote the use of AI and ML for geophysical data
to identify new mineral targets. II. Shri G. Kishan 30. As of 25 July 2024, indigenously developed
Reddy, released publication on Glimpse of Geology Automatic Train Protection (ATP) system Kavach
and Mineral Resources, Telangana and Minerals in deployed on 1465 Route km and
Telangana- Spotlights. III. Shri G. Kishan Reddy _________________ locomotives on South Central
also launched the National District Mineral Railway, Kavach is an indigenously developed
Foundation (DMF) Portal to facilitate access to the Automatic Train Protection (ATP) system and a
DMF data and track the developments and highly technology-intensive system, which requires
utilizations thereunder and provides details of 645 safety certification of the highest order.
DMFs. a. 101
a. I and II Only b. 144
b. II and III Only c. 165
c. I Only d. 189
d. I and III Only e. 210
e. I, II, and III
31. In July 2024, The theme of the India Mobile
28. In July 2024, Union Home Minister and Minister Congress 2024, The Future is Now, was unveiled by
of Cooperation Shri Amit Shah chaired the 7th Apex Shri Jyotiraditya M. Scindia, Minister for
Level Meeting of Narco-Coordination Center Communications and Development of North Eastern
(NCORD) in Vigyan Bhawan, New Delhi, On this Region in New Delhi. Which of the following
occasion, the Home Minister launched National statements is/are correct regarding this ? I. The
Narcotics Helpline MANAS (Madak Padarth Nishedh theme of the India Mobile Congress 2024, The
Asuchna Kendra) and virtually inaugurated Future is Now, signifies how India stands at the
Narcotics Control Bureau (NCB) Zonal Office. heart of the technological evolution, bringing
Identify the INCORRECT Statement(s) respective to together global leaders, visionaries, pioneers, and
this event? I. The National Narcotics Helpline innovators. II. The Indian Mobile Congress 2024
MANAS is launched with a toll-free number 1933, a application and Website were launched, allowing
web portal, a mobile app, and a UMANG app. II. registration for Delegates, Visitors,
The NCB Zonal Office at Himachal Pradesh is Academia/College, Government, and Media. III. Dr.
established to curb drug trafficking through the Kiran Kumar Kuchi from IIT Hyderabad received the
north border of India. III. Citizens can use MANAS Pandit Deendayal Upadhyay Telecom Excellence
to seek advice on Medical Treatment and share Award for outstanding contributions in telecom
information on health and Welfare. technology advancement and mentorship.
a. I and II Only a. I Only
b. II and III Only b. II Only
c. I and III Only c. III Only
d. I, II, and III d. I and II Only
e. I Only e. I, II, and III
29. In July 2024, The Prime Minister, Shri Narendra 32. In July 2024, Chhattisgarh-based Coal India
Modi inaugurated the 46th Session of the World subsidiary South Eastern Coalfields Limiteds (SECL)
Heritage Committee at Bharat Mandapam in New _________________ and ____________________
Delhi, the World Heritage Committee meets coal mines have secured the 2nd and 4th spot in
annually and is responsible for managing all matters the list of the worlds 10 largest coal mines released
on World Heritage and deciding on sites to be by WorldAtlas.com, Located in the Korba district of
inscribed on the World Heritage list. which of the Chhattisgarh state.
following historic place in North-East India has been a. Gevra, Kusmunda
proposed to be included in the UNESCO World b. Korba, Kusmunda
Heritage List which is also will be India's 43rd World c. Gevra, Korba
Heritage site and the first heritage site in North East d. Kusmunda, Singrauli
India to receive the status of a cultural world e. Gevra, Singrauli
heritage?
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33. Moidams the Mound-Burial System of the Ahom b. I and III Only
Dynasty from Assam has been officially inscribed on c. I, II, III and IV
the UNESCO World Heritage List. Which of the d. III and IV Only
following statements is/are correct about Moidams? e. None of the above
I) Moidams, a royal mound burial site created by
the Tai-Ahom in northeastern India, is situated in 36. Union Minister of Coal and Mines, Shri G. Kishan
the foothills of the Patkai Ranges in eastern Assam Reddy, has recently inaugurated the Vriksharopan
II) This is the third World Heritage Property from Abhiyan (VA) 2024 at ____________________ in
Assam, following Kaziranga National Park and Dhanbad (25.07.2024)as part of the visionary
Manas Wildlife Sanctuary, both inscribed under the campaign Ek Ped Maa Ke Naamlaunched by Prime
Natural category in 1985. III) it is the 33rd property Minister Narendra Modi.
from India to be inscribed on the UNESCO World a. Bharat Coking Coal Limited (BCCL)
Heritage List. b. Central Coalfields Limited (CCL)
a. I Only c. Central Mine Planning and Design Institute
b. I and II Only Limited, Ranchi.
c. I ,II and III d. Coal India Limited (CIL)
d. I and III Only e. Eastern Coal Fields Limited.
e. III Only
37. In July 2024, President Droupadi Murmu is
34. In a significant move to bolster India's pleased which of the following named were
agricultural export and import capabilities, the important halls of Rashtrapati Bhavan namely,
Union Minister for Ports, Shipping, and Waterways Durbar Hall and Ashok Hall Renamed as?
Shri Sarbananda Sonowal has recently approved the a. Unity Hall and Peace Hall
Jawaharlal Nehru Port Authority (JNPA)'s project of b. Freedom Hall and Harmony Hall
Development of Export-Import cum Domestic c. Ganatantra Mandap and Ashok Mandap
Agricultural Commodity-Based Processing & Storage d. Republic Hall and Ashoka Hall
Facility at JNPA on PPP Mode worth Rs. 284.19 e. Bharat Mandap and Samaj Mandap
Crore. JNPA is the first major port of the country
which is 100% Landlord port having all berths being 38. In July 2024, A High-Level Committee, under
operated on PPP model. JNPA is one of the leading the chairmanship of Union Minister
container ports among the top 100 global ports (as ___________________ , has approved several
per Lloyds List Top 100 Ports Report). In which disaster mitigation and capacity building projects for
state does it located? various states. The meeting of HLC comprising of
a. Goa Finance Minister, Agriculture Minister, and Vice
b. Maharashtra Chairman NITI Aayog as members held in New
c. Kerala Delhi.
d. West Bengal a. Piyush Goyal
e. Orissa b. Dharmendra Pradhan
c. Nirmala Sitharaman
35. Information and Broadcasting Minister Ashwini d. Ashwini Vaishnaw
Vaishnaw has recently announced the winners of e. Amit Shah
the 10th National Community Radio Awards. Which
of the following statemnet is /are correct about the 39. In July 2024, Union Minister of Culture and
the 10th National Community Radio Awards? I) In Tourism, Shri Gajendra Singh Shekhawat
the thematic category, the first prize has been inaugurated the sprawling 100,000 square feet
given to Radio Mayur of Saran, Bihar, for its state of the art ____________________________,
programme, Tech Sakhi. II) In the Most Innovative World Heritage Site Museum a UNESCO World
Community Engagement Award category, the first Heritage site in New Delhi.
prize has been given to Yerlawani Sangli, a. National Museum of Art
Maharashtra, for the programme Kahani b. Red Fort Restoration Project
sunandachi. III) Radio Brahmaputra of Dibrugarh, c. Humayuns Tomb
Assam, has got first prize in the Promoting Local d. India Gate Memorial Museum
Culture category for its programme, Igarekun. IV) e. Qutub Minar Heritage Park
In the Sustainability Model Award category, the first
prize has been given to Radio Benziger, run by the 40. In July 2024, Aditya Birla Group forays into
Bishop Benziger Hospital Society of Kollam, Kerala. branded jewellery retail business with an
a. I and II Only investment of Rs 5000 crore under a new brand
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10. What is the name of the portal launched by the availability of suitable candidates. The cash rewards
Uttarakhand Government's Department of Health remain unchanged.
and Family Welfare to monitor the health a. Odisha Rajya Krida Samman
parameters of Char Dham Yatra pilgrims and ensure b. Odisha Patnaik Sports
the smooth journey of pilgrims visiting Yamunotri, c. Rajya khel Award
Gangotri, Kedarnath, and Badrinath together called d. Odisha Khel Samman
the Char Dham Yatra? e. Rajya Biju Odisha Award
a. eHealth Uttarakhand
b. eSwasthya Dham 14. What is the name of the scheme launched by
c. Ayushman Bharat Portal the Haryana Cabinet to provide jobs to 5,000
d. Uttarakhand Health Hub youths in the first phase, Under this scheme,
e. Pilgrim Health Monitor employment will be provided to the youths who are
graduate or postgraduate applicants from IT
11. The Gujarat government are extend the backgrounds?
"Cooperation among Cooperatives" initiative to all a. IT Saksham Yuva Scheme
33 districts after a successful pilot in two districts b. Haryana Youth Employment Scheme
with aims to centralise bank accounts and deposits c. IT Employment Initiative
of cooperative societies for increased financial d. Haryana Skill Development Program
liquidity and loan accessibility. Identify the e. Youth IT Training Scheme
INCORRECT statements in context of the
"Cooperation among Cooperatives" initiative? I. The 15. In July 2024, which of the following state
initiative was envisioned by Union Cooperation launched the 'Shramik Basera' scheme to provide
Minister Amit Shah and launched in the rented accommodation to construction workers for
Banaskantha and Panchmahal districts of Gujarat. Rs 5 per day with the cost of Rs 1,500 cr, to provide
II. The initiative aims to centralize the companies temporary accommodation to nearly 15,000
and deposits of cooperative societies across India construction workers?
for increased financial accessibility. III. Over 4 lakh a. Maharashtra
new accounts were opened during the pilot project b. Rajasthan
resulting in a 100 crore boost in bank deposits. IV. c. Gujarat
1700 micro ATMs were installed at cooperative d. Uttar Pradesh
societies to enhance financial services at the village e. Karnataka
level.
a. II and III only 16. In July 2024, Airports Authority Of India signs
b. I and IV only MoU with which state government for developing a
c. III only greenfield airport, and where is it located, with the
d. I only Urban Development Department, and the Civil
e. II only Aviation Department?
a. Uttar Pradesh ; Lucknow
12. In July 2024, Chief Minister Pushkar Singh b. Maharashtra ; Nagpur
Dhami sought the clearance of 21 new hydel power c. Rajasthan ; Kota
projects with a capacity of 2123 MW for the state d. Gujarat ; Ahmedabad
from the Centre. Expert committees have e. Karnataka ; Bengaluru
recommended the implementation of 21 new hydel
power projects with a capacity of 2123 MW to be 17. which of the following State CM Launched a
built on the ___________________ and Rajiv Gandhi Civil Abhaya Hastham scheme to
__________________ rivers. address unemployment by collecting data on job
a. Ganga and Yamuna openings in all government offices every year by
b. Kosi and Ramganga March and the goal of the project is to make hiring
c. Saryu and Pindar notices and processes easier. The State government
d. Alaknanda and Bhagirathi will make a job calendar to make sure that every
e. Nandakini and Dhauli Ganga year by June 2 job notices are sent to unemployed
youth?
13. In July 2024, BJP govt renames Biju Patnaik a. Karnataka
Sports Award to _________________________, b. Kerela
Odisha Sports and Youth Services Department c. West Bengal
issued guidelines for this award which will be d. Assam
awarded in eight categories annually, subject to e. Telangana
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c. Roger Federer
11. In July 2024, Former opener d. Carlos Alcaraz
______________________ has been appointed as e. Dominic Thiem
Team India's head coach, He succeeds Rahul Dravid
After Winning T20 World Cup. 16. Argentina won its second straight Copa America
a. Anil Kumble championship to beat Which country to claim its
b. Rahul Dravid 16th Copa America title 2024?
c. Gautam Gambhir a. Canada
d. Ravi Shastri b. France
e. Virender Sehwag c. Columbia
d. India
12. In July 2024, Indian shuttlers bagged the mens e. Portugal
and womens singles titles at the Saint-Denis
Reunion Open 2024 , in Saint-Denis, the Badminton 17. In July 2024, Spain beat England to win Euro
tournament. Which Indian duo was the Winner in 2024, In Berlin Germany. What were the notable
the mens and womens singles titles at the Saint- achievements of Spain player Lamine Yamal during
Denis Reunion Open 2024 Respectively? Euro 2024? I. Lamine Yamal was awarded the Best
a. Prakash Raj and Gouse Shaik Young Player award just a day after turning 17. II.
b. Tharun Mannepalli and Tasnim Mir Lamine Yamal became the youngest player to
c. Julien Maio and William Villeger appear in a European Championship final. III.
d. Sumeet Reddy and Manu Attri Lamine Yamal youngest goal scorer in the Spanish
e. Chirag Shetty and Satwiksairaj Rankireddy league. IV. Lamine Yamal youngest to score in the
tournament.
13. In July 2024, In recognition of its commitment a. I and II only
to Indian sports, PUMA India has partnered with the b. II and III only
Indian Olympic Association (IOA) as the official c. I, II, and IV only
footwear partner for the Indian contingent at the d. I, III, and IV only
Paris Olympics 2024. Which of the following e. I, II, III and IV
statements is/are correct? I. Podium and travel
footwear are collaborate to ensure comfort and 18. In July 2024, who among the following has won
style during the games II. "See the Game Like We the Wimbledon women's singles title, defeating
Do" Campaign title is launched to honor and Jasmine Paolini in the final 2024?
celebrate Indian athletes III. 45 athletes are part of a. Ashleigh Barty
the PUMA contingent. IV. "Game On India" Theme b. Serena Williams
launched to encourage the Indian contingent. c. Barbora Krejckova
a. I and II only d. Naomi Osaka
b. II and III only e. Simona Halep
c. I, II, and III only
d. I, III, and IV only 19. In July 2024, The Indian team of six high school
e. I, II, III and IV students has achieved a historic feat at the
International Mathematics Olympiad (IMO) 2024,
14. In Shooting, who among the following has securing the best performance since India's debut in
bagged the bronze medal in womens trap event at 1989. Who among the following Indian team
the International Shooting Sport Federation, ISSF members won gold medals at the IMO 2024?
Junior World Cup in Porpetto, Italy? a. Arjun Gupta and Siddharth Choppara
a. Vijay Kumar b. Rushil Mathur, Ananda Bhaduri, Adhitya Ganesh,
b. Gagan Narang and Kanav Talwar
c. Heena Sidhu c. Arjun Gupta and Kanav Talwar
d. Rahi Sarnobat d. Ananda Bhaduri and Siddharth Choppara
e. Sabeera Haris e. Adhitya Ganesh and Arjun Gupta
15. Who won the Wimbledon men's singles title in 20. Who among the following announced as the
2024 by defeating Novak Djokovic at the All brand ambassador of MotoGP India and he is known
England Lawn Tennis and Croquet Club in South for his dynamic presence on the cricket field, will
London? ignite his passion for racing through the latest
a. Novak Djokovic campaign, 'Face Kar Race Kar'?
b. Rafael Nadal a. Virat Kohli
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b. Rohit Sharma 25. In July 2024, who among the following won the
c. Shikhar Dhawan Belgian Grand Prix after teammate George Russell,
d. MS Dhoni who had originally come home in first, was
e. Sachin Tendulkar disqualified following the race for an underweight
car, the Mercedes duo had engaged in a thrilling
21. In July 2024, Who among the following won the late chase, with two-stopper Hamilton charging
F1 Title at the Hungarian Grand Prix 2024, this down his one-stopping teammate, but he was
rookie led a strong McLaren one-two finish unable to pass on track for the victory?
alongside the British-Belgian racer Lando Norris? a. Max Verstappen
a. Lewis Hamilton b. Lewis Hamilton
b. Max Verstappen c. Charles Leclerc
c. Charles Leclerc d. Sergio Perez
d. Lando Norris e. Oscar Piastri
e. Oscar Piastri
26. In July 2024, who among the following has
22. Who among the following representing India etched her name in history by clinching her second
have won two Gold Medals at the World Choir bronze medal at the Paris Olympics 2024, With this
Games, 2024 in New Zealand, The World Choir achievement, she has become the first Indian
Games- the Largest Choral Competition was held at athlete to win two medals in a single Summer
Auckland, New Zealand from July 10, where over Olympic Games since independence?
11,000 singers from 42 countries participated at the a. Sarabjot Singh
event? b. Mary Kom
a. Shillong Chamber Choir c. Manu Bhaker
b. Kerala Kala Choir d. P.V. Sindhu
c. Nagaland Madrigal Singers e. Neerja Chopra
d. Mumbai Symphony Choir
e. Delhi Choral Society 27. In July 2024, Manu Bhaker becomes 1st Indian
to win 2 medals in Olympic Games, securing her
23. In July 2024, Indian Cricketer second bronze in the mixed team event, alongside
_________________________ has inked an Sarabjot Singh _______________________ at the
exclusive licensing pact with FanCode Shop, the Paris Olympics 2024.
online merchandise store of Dream Sports-owned a. Women's 25m pistol
FanCode, to launch his performance wear range, b. Women's 50m rifle
FanCode will design, manufacture, and market the c. Women's 10m air pistol
items. d. Women's 10m air rifle
a. Virat Kohli e. Women's skeet shooting
b. Rohit Sharma
c. MS Dhoni 28. In July 2024, which of the following country
d. Hardik Pandya secured their first Women's Asia Cup 2024 title win,
e. KL Rahul beating India with a clinical run-chase in front of
home fans?
24. In July 2024, India's sports icons Sania Mirza a. Srilanka
and MC Mary Kom as well as famous TV host b. Bangladesh
Rannvijay Singha have pledged their support to the c. Afghanistan
country's biggest sports activation program at d. West-Indies
grassroots ______________________ as brand e. Nepal
ambassadors and the objective is to create a
sustainable sports ecosystem in India by working Agreements & MoUs
with schools, developing sports, managing sports
infrastructure, running academies, and scouting 1. Which countrys Navy has signed a contract for
talent from the grassroots. Made in India 800 tons Ocean Going Tug with Indias
a. Star Sports Garden Reach Shipbuilding and Engineers?
b. Play Sports a. Bangladesh
c. Play Star b. Japan
d. Khelo India c. Sri Lanka
e. Star Play d. South Africa
e. South Korea
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d. I Only
2. Which organizations have partnered with C-DAC e. I, II and III
for the design and development of a High-
Performance-Computing (HPC) Processor SoC? 7. In July the Government of India and the Asian
a. Intel and AMD Development Bank (ADB) signed a
b. MosChip Technologies and Socionext Inc. ________________ policy-based loan to
c. Microsoft and Google consolidate and strengthen India's health system
d. BM and NVIDIA preparedness and response capacity to future
e. Qualcomm and Broadcom pandemics.
a. $110 million
3. Which bank and Piramal Capital and Housing b. $140 million
Finance Limited, also known as Piramal Finance, a c. $170 million
leading Non-Banking Financial Company Housing d. $210 million
Finance Company (NBFC-HFC) and wholly owned e. $270 million
subsidiary of Piramal Enterprises Limited (PEL),
have recently announced a strategic partnership in 8. In July 2024, Ministry of Defence (MoD) has
the co-lending business? signed an MoU to establish three state-of-the-art
a. Axis Bank testing facilities in Chennai under the Tamil Nadu
b. State bank of india Defence Industrial Corridor - one each in Unmanned
c. HDFC bank Aerial System (UAS), Electronic Warfare (EW) and
d. Bank of Baroda Electro Optics (EO) domains. With an outlay of Rs
e. Canara bank 400 crore, the DTIS was launched in May 2020, the
DTIS provides up to ________________
4. Truecaller,the worlds leading global government funding as Grant-in-Aid, with the
communications platform, has partnered with which remaining _____________funded by the Special
insurance company to provide enhanced protection Purpose Vehicle (SPVs).
to consumers against digital communication fraud in a. 45%; 55 %
India? b. 55%; 45 %
a. ICICI Prudential c. 65%; 35 %
b. HDFC Life, d. 75%; 25 %
c. Max Life Insurance e. 85%; 15 %
d. HDFC ERGO
e. TATA AIA 9. In July 2024, A Memorandum of Understanding
(MoU) has signed to develop Artificial intelligence
5. Who has been recently appointed as new (AI) tools for detecting and classifying large
Managing Director and Chief Executive Officer of cardamom diseases in Sikkim .Who signed a
SBI General Insurance Company Ltd? Memorandum of Understanding (MoU) with the
a. Shri Kishore Kumar Poludasu spice board of India to develop AI tools for
b. Shri Naveen Chandra Jha detecting and classifying large cardamom diseases
c. Shri Ashwini Kumar Tewari. in Sikkim?
d. CA Ketan S Vikamsey a. The National Informatics Centre (NIC)
e. Vinay M Tonse b. The Spices Board of Nepal
c. The Centre of Excellence in AI in Kolkata
6. In July 2024, the Government of India and the d. The Government of Sikkim
Asian Development Bank (ADB) signed a $170 e. The Ministry of Agriculture
million policy-based loan to consolidate and
strengthen India's health system preparedness and 10. In July 2024, the appointment Committee of the
response capacity to future pandemics. Which Cabinet has appointed various individuals to posts
among the following major government plan(s) and of the National Medical Commission and
initiative(s) is/are included in this programme? I. Autonomous Boards, who among the following has
Pradhan Mantri Ayushman Bharat Health been appointed as the Chairperson of the National
Infrastructure Mission (PM-ABHIM), II. National One Medical Commission?
Health Mission, III. government efforts to a. B.N.Gangadhar
strengthen Human Resources for health (HRH). b. Sanjay Behari
a. I Only c. Anil D'Cruz
b. II and III Only d. Rajendra Achyut Badwe
c. I and III Only e. Abhishek Singh
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21. Fitterfly, a leading healthtech company in India, 25. In July 2024, Anant Raj Cloud Pvt. Ltd, a
has partnered with ______________________ to wholly-owned subsidiary of New Delhi-based realty
launch its latest AI feature - Fitterfly Klik, which will developer Anant Raj has entered into agreement
enable people with diabetes and other non- with ________________________ a global
communicable diseases (NCDs) to track and analyse technology leader in which, the company will be
their meals. responsible for providing data center infrastructure,
a. Amazon Web Services DC-managed services, and cloud platforms to
b. Google Cloud various public and private enterprises.
c. Microsoft Azure a. Amazon Web Services
d. IBM Cloud b. Microsoft
e. Oracle Cloud c. Google LLC
d. IBM
22. Which of the following companies are involved e. Oracle
in the co-lending agreement recently announced in
the financial sector, and what is its primary 26. In July 2024, Who among the following presided
objective? over the signing of the 'Letter of Intent' between
a. Arka Fincap Limited and Central Bank of India, to Atal Innovation Mission (AIM) and World Intellectual
support MSMEs Property Organization (WIPO) in New Delhi and
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both organizations shall also closely collaborate in have formalised a contract to establish the H125
the designing and implementation of various IP Final Assembly Line (FAL) in India and the contract
training and capacity-building programs,taking into was signed at the Farnborough International
consideration the specific requirements of the Airshow in 2024.
ecosystem of the target beneficiaries? a. DRDO
a. Shri Piyush Goyal b. Indian Army
b. Shri Dharmendra Pradhan c. CRPF
c. Shri Narendra Modi d. Airbus Helicopters
d. Shri Rajnath Singh e. Adani Helicopters
e. Shri Amit Shah
31. In July 2024, National Film Development
27. In a significant step towards developing Corporation (NFDC), a public sector enterprise have
Indigenous technology, the Centre for Development joined hands with
of Telematics (C-DOT), a premier Telecom R&D ______________________________ to launch an
centre of the Department of Telecommunications upskilling program for voice-over artists in India
(DoT), Government of India, signed an agreement called The Voicebox which will offer Recognition of
with the which among the followings for the Prior Learning (RPL) training for voice-over artists
development, of Cell-Free 6G Access Points. I. focusing on English, Hindi, Marathi, Bengali,
Indian Institute of Technology Roorkee (IIT Malayalam, Tamil, Telugu and Gujarati languages.
Roorkee) II. Indian Institute of Technology, Mandi a. Amazon Prime India
(IIT Mandi) III. Indian Institute of Technology Delhi b. Disney India
(IIT Delhi) IV. Indian Institute of Technology, c. Hotstar India
Madaras (IIT Madaras) d. Netflix India
a. I and III Only e. Jio Cinema
b. I and II Only
c. II and III Only 32. In July 2024, which of the following have signed
d. II and IV Only a landmark Memorandum of Understanding (MoU)
e. III and IV Only to facilitate the development of the first of its kind
Standardized Agriculture Demonstration Farm
28. In July 2024, _____________________, a (SADF) in India and this partnership is a significant
prominent FinTech company, has announced a new step towards promoting standardised agricultural
capability for financial institutions to directly send practices and ensuring the implementation of
money to over 2.1 billion mobile wallets globally via cutting-edge technologies to enhance agricultural
their existing Swift network. productivity and sustainability?
a. SoFi a. ICAR and IIT Delhi
b. Plaid b. NABARD and IARI
c. Cash App c. BIS and GBPUAT
d. TerraPay d. FCI and AIIMS
e. Square Pay e. Ministry of Agriculture and ISRO
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e. Sandeep Bakhshi
34. In July 2024, President Droupadi Murmu has
29. In July 2024, who among the following is appointed new Governors in nine states and a new
appointed as a Chairman and Managing Director Lieutenant Governor in Puducherry, which of the
(CMD) of Broadcast Engineering Consultants India following statement is correct regarding this? I.
Limited (BECIL), a Mini Ratna Central Public Sector Former Maharashtra Assembly Speaker Haribhau
Enterprise (CPSE) under the Ministry of Information Kisanrao Bagde has been appointed Governor of
& Broadcasting? Rajasthan. II. CP Radhakrishnan who is presently
a. Brijesh Dixit Governor of Jharkhand has been made Governor of
b. Rakesh Chopra Maharashtra. III. Former IAS officer K
c. Cmde D.K. Murali Kailashnathan has been appointed Lieutenant
d. Rajesh Sharma Governor of Puducherry.
e. Vinod Kumar a. I Only
b. I and II Only
30. In July 2024, The Estonian parliament voted for c. I ,II and III
Climate Minister __________________________ to d. I and III Only
take over as prime minister, with 64 votes in favor e. III Only
and 27 against, and he will lead the same majority
coalition as his predecessor, which is composed of 35. In July 2024, The International Olympic
Reform, the liberal party Estonia 200, and the Committee (IOC) has announced that
center-left Social Democrats. _______________________ leading Indian
a. Kaja Kallas philanthropist and Founder of the Reliance
b. Kristen Michal Foundation has been re-elected unanimously as the
c. Kersti Kaljulaid IOC from India at the 142nd IOC session in Paris
d. Taavi Roivas winning unanimously with 100% of the vote.
e. Juri Ratas a. Mukesh Ambani
b. Aakash Ambani
31. In July 2024, who among the following was c. Anant Ambani
appointed as the new Director General of Police d. Nita M. Ambani
(DGP) of Andaman and Nicobar Islands, he is a e. Radhika M. Ambani
1997-batch IPS officer, served as the special
commissioner of police in New Delhi, overseeing 36. In July 2024, Authoritarian leader
traffic zone II. ? ______________________________ has been
a. Rakesh Asthana declared the victor in Venezuelas presidential
b. Hargobinder Singh Dhaliwal election for a third consecutive term, sparking
c. Alok Verma immediate protests from opposition supporters and
d. Y. C. Modi concerns about the integrity of the voting process
e. S. S. Deswal a. Hugo Chavez
b. Edmundo Gonzalez
32. In July 2024, Who among the following has c. Juan Guaido
been appointed festival director for the d. Nicolas Maduro
International Film Festival of India (IFFI)? e. Elvis Amoroso
a. Sanjay leela Bansali
b. Shekhar Kapur Awards
c. Aditya Kumar
d. Sanjeev Verma 1. In 2024 Foxconn Chairman Young Liu received
e. Mahesh Bhatt the __________________Award from Manharsinh
Yadav of India Taipei Association.
33. Who among the following has recently taken a. Padma Bhaushan
over as the Chair of Asian Disaster Preparedness b. Padma Vibhushan
Centre (ADPC) from People Republic of China for c. Padamshri
the year 2024-25 in Bangkok, Thailand? d. Veer Chakra
a. Rajendra Singh e. Khel Ratna
b. Durga Sakti Nagpal
c. Ashok Khemka 2. In July 2024, Who wins PEN Pinter award for
d. Aruna Sundararajan defining real truth of society which is hosted by the
e. Armstrong Pame British Library ?
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7. In July 2024, The International Maritime 10. In July 2024, During the AIFF Award Night in
Organisation (IMO) 2024 declared their winners and New Delhi, several awards were presented to
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players and coaches for their outstanding professionals and Medicos from all over the country
performances in the 2023-24 season in the and abroad?
presence of the Hon'ble Union Minister for Youth a. Dr. V. Mohan
Affairs and Sports, Dr. Mansukh Mandaviya, the b. Dr. Sanjay Gupta
Hon'ble Union Minister, Parliamentary Affairs, Mr. c. Dr. Reddy
Kiren Rijiju, Olympic medal winner Mr. Yogeshwar d. Dr. Jitendra Singh
Dutt, India's Davis Cup captain, Mr. Rohit Rajpal e. Dr. A. P. J. Abdul Kalam
and many other well-known faces of Indian sport.
identify the correct statement respective of this 14. Which of the following book written by Dr.
award night? I. Lallianzuala Chhangte was awarded Jitendra Singh was included in the Best-seller
the AIFF Men's Player of the Year for the second section of the World Book Fair held at Pragati
time in a row,becoming only the fifth player to win Maidan, New Delhi?
the award multiple time. II. Indumathi Kathiresan a. Diabetes Simplified
was awarded the AIFF Women's Player of the Year, b. Diabetes Care for All
becoming the first player from Tamil Nadu to win c. Diabetes Made Easy
the award. III. Eighteen-year-old winger Neha was d. The Diabetes Solution
awarded the AIFF Promising Women's Player of the e. Living with Diabetes
Year
a. I Only 15. In July 2024, Nobel Peace Prize laureate
b. II Only _____________________________ received the
c. III Only Gandhi Mandela Award 2020 on Nelson Mandela's
d. I and II Only 106th birth anniversary for promoting the values of
e. I, II, and III Gandhi and Mandela, including community service
and social development who is human rights
11. The International Olympic Committee Executive activist, has long advocated for Indigenous rights.
Board has decided to award Indias Olympic gold a. Malala Yousafzai
medallist _________________________with the b. Rigoberta Mench Tum
Olympic Order for his outstanding services to the c. Desmond Tutu
Olympic Movement. The award will be given during d. Shirin Ebadi
the 142nd IOC Session in Paris e. Kailash Satyarthi
a. Mary Kom
b. Sakshi Malik 16. In July 2024, Global Energy and Environment
c. Abhinav Bindra Foundation (GEEF) presented the Global Water Tech
d. PV Sindhu Award 2024' in the 'organisation' category for its
e. Neeraj Chopra initiatives in environmental conservation to the
________________________, to which of the
12. In July 2024, Chandrayaan-3, which made India following State Metro Rail Corporation?
the first country to land near the lunar South Pole, a. Mumbai
has been awarded the b. Kolkata
______________________________, by the c. Rajasthan
International Astronautical Federation (IAF) and this d. Delhi
milestone achievement places India among the elite e. Karnataka
group of nations, including the US, Russia, and
China, that have successfully conducted soft Ranks & Reports
landings on the moon.
a. Nobel Prize of Space 1. According to the Reserve Bank of India report,
b. World Space Award India provisionally created 46.7 million jobs in the
c. Galaxy Exploration Award financial year ended March 2024, taking the
d. International Moon Landing Prize country's total employment to 643.3 million. The
e. Lunar Exploration Trophy country's employment growth rate stood at
_____________ in that fiscal year, versus 3.2% in
13. Who among the following conferred the the previous fiscal year
prestigious Lifetime Achievement Award in a. 3.2%
recognition of his exemplary dedication to the b. 4%
advancement of diabetology, diabetes care, and c. 5%
diabetes research in a ceremony to mark the d. 6%
International Meet of leading medical celebrities, e. 7%
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e. 121 indicators
2. In July 2024, The manufacturing Purchasing
Managers' Index (PMI) soared in June 2024, driven 6. SDG India Index 2023-24, the fourth edition of
by robust demand and the highest hiring activity in the countrys principal tool for measuring national
19 years, according to an SBI report., The Eight and subnational progress on the Sustainable
Core Industries Index expanded by Development Goals (SDG) was released by NITI
_______________ percent year-on-year in the first Aayog in July 2024. Identify the INCORRECT
two months of FY25. statements in context of the same? I. SDG India
a. 4.5 Index was launched in 2017 by NITI Aayog. II. The
b. 5.5 SDG India Index computes goal-wise scores on the
c. 6.5 16 SDGs for each State and UT. III. SDG India
d. 7.5 Index 2023-24 measures and tracks national
e. 8.5 progress of all States and UTs on 113 indicators
aligned to the Ministry of Statistics and Programme
3. In July 2024, Vietnam has topped the list of most Implementations (MoSPI) National Indicator
affordable countries for expats according to a 2024 Framework (NIF).
study by InterNations , It clinched the top spot, a. II and III Only
shining in areas such as quality of life, digital b. I and II Only
connectivity, housing, language, career prospects, c. III Only
salary, and job security. Which of the following d. I Only
countries are also in the top ten, according to this e. I, II and III
study? I. Colombia II. Indonesia III. Panama IV.
Philippines 7. According to the latest SIAM data, Automobile
a. I and II only exports from India rose
b. II and III only _________________percent year-on-year in the
c. I, II, and III only June quarter with all verticals, barring three-
d. I, III, and IV only wheelers, recording growth in shipments.
e. I, II, III and IV a. 15.5%
b. 16.5%
4. In July 2024, SDG India Index 2023-24, the c. 14.5%
fourth edition of the countrys principal tool for d. 17.5%
measuring national and subnational progress on the e. 25.5%
Sustainable Development Goals (SDG) was released
by NITI Aayog. The launch of the SDG India Index 8. In July 2024, The final Report of Indias G20 Task
in _______________________ provided the Force on Digital Public Infrastructure by Indias G20
impetus for the localisation push, reaffirming States Task Force on Digital Public Infrastructure for
and UTs as key stakeholders in this transformative Economic Transformation, Financial Inclusion and
journey. Development was released in New Delhi. Which of
a. 2017 the following statements is/are correct in respect to
b. 2018 this report? I. Report of Indias G20 Task Force on
c. 2019 Digital Public Infrastructure was led by the Co-
d. 2020 Chairs, Shri Amitabh Kant, G20 Sherpa of India,
e. 2021 and Shri Nandan Nilekani, Co-founder and
Chairman of Infosys. II. The Report encompasses
5. In July 2024, SDG India Index 2023-24, the three essential parts that collectively unravel the
fourth edition of the countrys principal tool for approach for global DPI advancement and adoption.
measuring national and subnational progress on the III. The task force was established in January 2023
Sustainable Development Goals (SDG) was released to oversee and facilitate achieving India's G20
by NITI Aayog. SDG India Index 2023-24 measures Presidency agenda and priorities on Digital Public
and tracks national progress of all States and UTs Infrastructure (DPI) and Financial Inclusion.
on how many indicators aligned to the Ministry of a. II and III Only
Statistics and Programme Implementations (MoSPI) b. I and II Only
National Indicator Framework (NIF)? c. III Only
a. 101 indicators d. I Only
b. 111 indicators e. I, II and III
c. 113 indicators
d. 118 indicators
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9. In July 2024,A Leading marketing data and claimed the third position. II. Ranveer Singh, with a
analytics business, Kantar launches the Brand brand value of $203.1 million, occupies the second
Inclusion Index (BII), According to this which rank. III. Salman Khan has become India's most
brands were ranked as the 'most inclusive' in India? valued celebrity with a brand value of $227.9
a. Google, Tata Motors, Amazon, Jio, and Apple million.
b. Microsoft, Hyundai, Flipkart, Airtel, and a. I and II Only
Samsung b. II and III Only
c. Facebook, Mahindra, Netflix, Reliance, and Dell c. I and III Only
d. Twitter, Honda, Snapdeal, Vodafone, and Sony d. I, II, and III
e. LinkedIn, Toyota, Uber, Pepsi, and Xiaomi e. I Only
10. In July 2024 The e-mobility R&D Roadmap for 13. According to the latest ranking by the UK-based
India report was launched by Professor Ajay Kumar Henley Passport Index, India has been ranked 82nd
Sood, Principal Scientific Adviser to the Government spot on a global passport index, allowing Indians
of India at Vigyan Bhawan Annexe in New Delhi. visa-free entry to ___________________, including
which of the following is/are correct regarding this popular destinations like Indonesia, Malaysia and
report? I. It categorizes research projects into four Thailand.
important areas: Energy Storage Cells, EV a. 43 countries
Aggregates, Materials and Recycling, Charging and b. 58 countries
Refueling, II. India aims to achieve a 45% reduction c. 61 countries
in emission intensity by 2030 and energy d. 78 countries
independence by 2047 to reach net-zero e. 82 countries
commitment by 2070. III. The report, "e-mobility
R&D Roadmap for India", has been prepared by the 14. According to a new report by the Food and
Automotive Research Association of India (ARAI), Agriculture Organization (FAO). India gained
Pune, under the overall guidance of the 2,66,000 hectares of forest area annually from
government's Consultative Group on e-Mobility. 2010 to 2020, securing the third spot among the
a. I and II Only top 10 countries with the most significant forest
b. II and III Only area gains during this period. Which among the
c. I Only following countries is/are NOT included in the top
d. I, III Only 10? I. Italy II. Romania III. Indonesia IV. Japan V.
e. I, II, and III Turkey
a. I, II and IV Only
11. In July 2024, NITI Aayog launched the report b. II, IV and V Only
titled Electronics: Powering Indias Participation in c. I and V Only
Global Value Chains. The Report extensively d. III and IV Only
analyses Indias electronics sector, emphasizing its e. IV and V Only
potential and challenges. Identify the correct option
related to this report. I. Indias electronics sector 15. According to the latest ranking by the UK-based
has experienced rapid growth, reaching USD 155 Henley Passport Index released in July 2024, which
billion in FY23. II. The current value of Indias among the following countries has made into top 10
electronics production stands impressively at USD ranking for the first time since the index's inception
101 billion as of FY23. III. The global electronics in 2006?
market, valued at USD 4.3 trillion, is dominated by a. Austria
countries like China, Taiwan, USA, South Korea, b. Luxemburg
Vietnam and Malaysia. c. Ireland
a. I and II Only d. Sweden
b. II and III Only e. UAE
c. I Only
d. I, III Only 16. In July 2024, which of the following life
e. I, II, and III insurance Company is pleased to announce that the
company has secured 6th position in the Global
12. In July 2024, A Report is released by Krolls Million Dollar Round Table (MDRT) rankings for
Celebrity Brand Valuation 2023, which among the 2024 and achieved the largest number of MDRT-
following statements is/are correct regarding the qualified Life Insurance Advisors in India with 2584
Celebrity Brand Valuation in 2023? I. Shah Rukh registered MDRTs?
Khan, with a brand value of $120.7 million has a. Tata AIA Life Insurance
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8. In July 2024,To mark World Zoonoses Day, the 13. World Youth Skills Day is celebrated on 15 July
Department of Animal Husbandry and Dairying has every year for the strategic importance of equipping
organized an interactive session chaired by the young people with skills for employment, decent
Secretary of Animal Husbandry and Dairying (AHD) work, and entrepreneurship, The theme of World
on the eve of World Zoonoses Day. The World Youth Skills Day 2024 is
Zoonoses Day is celebrated on? ________________________________.
a. 4th July a. Youth Skills for Employment
b. 5th July b. Youth Skills for Innovation
c. 6th July c. Youth Skills for Peace and Development
d. 7th July d. Youth Skills for Sustainable Growth
e. 8th July e. Youth Skills for Technological Advancement
9. World Population Day observed on the 11th of 14. Every year, Nelson Mandela International Day is
July every year to focus on the challenges and observed on July 18. He is best known for
opportunities caused by the rising population. What successfully leading the resistance to South Africa's
is the theme for World Population Day this year? policy of apartheid in the 20th century. What is the
a. Population and Development: A Global Priority theme of this year 2024 Nelson Mandela
b. Leave no one behind, count everyone International Day observed on July 18?
c. Sustainable Population Growth a. Fighting Climate Change
d. Addressing Population Challenges b. Promoting Global Peace
e. Population and Environment: Building a c. Combatting Poverty and Inequality is in Our
Sustainable Future Hands
d. Advancing Human Rights
10. National Fish Farmers Day is celebrated on e. Supporting Education for All
_______________ every year to recognize and
appreciate the invaluable contributions of fish 15. International Justice Day 2024 or Day of
farmers, aquaculture industry professionals, and International Criminal Justice is celebrated every
other stakeholders toward ensuring a sustainable year on which among the following dates to mark
and thriving fisheries sector. the anniversary of the adoption of the Rome Statute
a. 8th July in 1998?
b. 9th July a. July 14th
c. 10th July b. July 18th
d. 11th July c. July 17th
e. 12th July d. July 25th
e. July 30th
11. In July 2024, The Central government has
decided to observe June 25, the day the Emergency 16. In July 2024, The Council of Scientific and
was declared in 1975. What significant day has the Industrial Research CSIR-Central Road Research
Central government decided to observe on June 25? Institute (CRRI) celebrates its ________________
a. Non-Constitution Day Foundation Day On 16th July 2024 in the presence
b. National Destroying Day of Dr. N. Kalaiselvi, Secretary DSIR, Government of
c. Samvidhaan Hatya Diwas India, and DG CSIR, along with other eminent
d. Emergency Remembrance Day dignitaries at its campus in New Delhi.
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25. In July 2024, International Tiger Day is a global e. 104th International Day of Cooperatives
initiative focused on protecting the natural habitats
of tigers and raising public awareness about their 4. In July 2024,The International Day of
conservation. What date is International Tiger Day Cooperatives is an annual celebration of the
observed? cooperative movement around the world. It has
a. July 28 been observed on the first Saturday of July ever
b. July 29 since 1923 by the International Cooperative Alliance
c. July 30 (ICA). When is the International Day of
d. July 27 Cooperatives 2024 being celebrated?
e. July 25 a. 4th of July
b. 5th of July
26. World Day Against Trafficking in Persons is c. 6th of July
observed on 30 July, According to the Global Report d. 7th of July
on Trafficking in Persons (GLOTIP) by the UN Office e. 8th of July
on Drugs and Crime (UNODC), children are twice as
likely as adults to face violence during trafficking. 5. In July 2024, Union Home Minister and Minister
which among the following is the theme for this of Cooperation, Shri Amit Shah will address Sahkar
year's World Day Against Trafficking in Persons? Se Samriddhi conference on the occasion of 102nd
a. End Human Trafficking Now International Day of Cooperatives in Gandhinagar,
b. Stop Violence Against Women Gujarat .The International Cooperative Day 2024
c. Leave No Child Behind in the Fight Against will be celebrated on 6th of July, which is also the
Human Trafficking 3rd Foundation Day of the Ministry of Cooperation.
d. Protect the Vulnerable What is the theme for the 102nd International
e. Combat Child Exploitation Cooperative Day?
a. Cooperatives for a Sustainable Future.
Summit & Conferences b. Cooperatives Build a Better Future for All.
c. Empowering Cooperatives Worldwide.
1. In July 2024, India, as a member elected on a d. Cooperatives: A Path to Prospesperity.
geographic basis (Asia), is actively participating in e. Unity in Cooperative Movements.
the __________________session of the Executive
Committee (CCEXEC) of the Codex Alimentarius 6. In July 2024, In recognition of its continued
Commission (CAC) commitment to addressing seafarers' issues, India
a. 45th secured its position as one of the eight
b. 61st governments representing IMO in the Joint
c. 74th Tripartite Working Group. Which among the
d. 86th following(s) is/are other proposed member country
e. 91st of the 132nd IMO meeting? I. The Philippines II.
Thailand III. Liberia IV. Panama
2. In July 2024, India participated in the 86th a. I and II only
session of the Executive Committee of Codex b. II and III only
Alimentarius Commission, the 86th session of the c. I, II, and III only
Executive Committee of Codex Alimentarius d. I, III, and IV only
Commission is held at? e. I, II, III and IV
a. New Delhi
b. Geneva 7. India is set to host its inaugural World Audio
c. Rome Visual and Entertainment Summit (WAVES)
d. Paris concurrently with the prestigious International Film
e. London Festival of India (IFFI) in _______________ in
November 2024. This monumental event was
3. In July 2024,Union Home Minister and Minister of announced by India's Minister of Information and
Cooperation, Shri Amit Shah will address Sahkar Se Broadcasting, Ashwini Vaishnaw, alongside state
Samriddhi conference on the occasion of Chief Minister _____________________ . The
________________ in Gandhinagar, Gujarat. summit aims to revolutionize the media and
a. 100th International Day of Cooperatives entertainment sector by enhancing intellectual
b. 101st International Day of Cooperatives property rights protection, fostering industry
c. 102nd International Day of Cooperatives collaboration, and facilitating extensive networking
d. 103rd International Day of Cooperatives opportunities.
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1. India has achieved a significant milestone in 1. The 16th edition of India-Mongolia Joint Military
military technology with the development and Exercise NOMADIC ELEPHANT Commenced. At
certification of SEBEX 2, a cutting-edge explosive which place the joint Military Exercise NOMADIC
formulation. SEBEX 2 is developed under the Make ELEPHANT scheduled to be conducted in 2024?
in India initiative by which of the following a. Rajasthan
organization? b. Ulaanbaatar
a. Indian Army c. Umroi (Meghalaya)
b. Defence Research and Development Organisation d. Mongolia
(DRDO) e. Odisha
c. Bharat Dynamics Limited (BDL)
d. Economic Explosives Limited (EEL) 2. In July 2024, Defence Minister Rajnath Singh
e. Hindustan Aeronautics Limited (HAL) announced that India achieved its highest-ever
growth in defence production value during 2023-24.
2. In July 2024, ChatGPT maker OpenAI announced As per the data from all Defence Public Sector
that it was launching undertakings (DPSUs), other PSUs manufacturing
_____________________________, a cost- defence items and private companies, the value of
efficient small AI model, aimed at making its defence production in the country has gone up to a
technology more affordable and less energy- record-high figure . What was the value of defence
intensive, allowing the startup to target a broader production in India during the financial year 2023-
pool of customers. 24?
a. GPT-4 a. Rs 1,08,684 crore
b. GPT-3.5 Turbo b. Rs 1,15,000 crore
c. GPT-4o mini c. Rs 1,20,000 crore
d. Gemini Flash d. Rs 1,26,887 crore
e. Claude Haiku e. Rs 1,30,000 crore
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Darwin, Australia for participating in Exercise Pitch cutting-edge tool designed to enhance training
Black 2024, the exercise is scheduled to be protocols and ensure consistency across all ICG
conducted from July 12 to August 2, 2024, and is a platforms.
biennial, multi-national exercise hosted by the a. Suvidha Software Version 1.0
RAAF. The IAF has previously participated in the b. Maritime Tracker 2.0
______________________ and c. Naval Operations Tool
__________________ editions of this exercise. d. Coastal Surveillance App
a. 2018 and 2022 e. Training Management System
b. 2019 and 2023
c. 2022 and 2023 10. In July 2024, The Ex-Servicemen Contributory
d. 2019 and 2022 Health Scheme (ECHS) has launched the
e. 2018 and 2021 _________________________________module.
This would enable ECHS beneficiaries to obtain
6. In July 2024, which among the following online Tele-consultation for medical treatment from
companies launched four new defence products their homes without visiting the ECHS Polyclinic and
named Hawkeye, Barbarik-URCWS, Prahasta, and aims to provide health care services through safe
Sthir Stab 640 for enhancing defense capabilities and structured video-based clinical consultations.
and operational efficiency? a. E-Medical Records System
a. Tata Advanced Systems b. E-SeHAT Tele-consultancy
b. DRDO c. E-Veteran Support Program
c. Bharat Electronics Limited d. E-Medicine Delivery Service
d. Zen Technologies e. ECHS Wellness App
e. Larsen & Toubro
Books & Authors
7. Defence Research & Development Organisation
(DRDO) successfully flight-tested Phase-II Ballistic 1. In July 2024, Union Minister for Agriculture and
Missile Defence System on July 24, 2024. The Farmers Welfare Shri Shivraj Singh Chouhan
Target Missile was launched from LC-IV Dhamra, unveiled four books, along with Union Minister of
which was detected by weapon system radars State for Information and Broadcasting (I&B) Dr. L.
deployed on land and sea and activated the AD Murugan and Secretary, I&B, Shri Sanjay Jaju.
Interceptor system. Who among the following is the which of the following is/are NOT correct name(s) of
Chairman of DRDO? the book? I. Wings to Our Hopes- Volume 1 (English
a. Samir V Kamat and Hindi), II. Kahani Rashtrapati Bhavan Ki. III.
b. S. Somanathis Wing of the India- Volume 1 (English and Hindi),
c. S. Kiran Kumar a. I and II Only
d. K. Radhakrishnan b. II and III Only
e. None of the Above c. III Only
d. I, III Only
8. In July 2024, The Indian Army contingent will e. I, II, and III
participate in the 21st edition of the multinational
joint military exercise Miscellaneous
___________________________ which is
scheduled to be held in Mongolia the joint military 1. The __________________________ ritual, an
exercise will held from July 27 to August 9. It will integral part of the Rath Yatra in Puri, is a
be aimed at enhancing the interoperability of the captivating tradition where Goddess Laxmi
participating nations during peacekeeping missions expresses her anger towards Lord Jagannath by
in a multinational Environment. damaging his chariot, Nandighosha , Observed on
a. Ex Khaan Quest 2024 the festivals fifth day, this ritual is marked by a
b. Naval Ex Blue Whale 2024 grand procession.
c. Air Ex Sky Shield 2024 a. Hera Panchami
d. Cyber Ex Code Warrior 2024 b. Naag Panchami
e. Special Ops Ex Desert Storm 2024 c. Vasant Panchami
d. Durga Puja
9. In July 2024, Indian Coast Guard (ICG) launched e. Laxmi Puja
___________________________ during its maiden
Annual Operational Sea Training Conference at
Visakhapatnam, Andhra Pradesh, this software is a
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Obituary
6. In July 2024, Kamala Pujari passed away at the
1. In July 2024,Titanic' and 'Avatar' producer age of 73, the government of India had accorded
______________ passes away at 63 after a long the prestigious Padma Shri on her for her
battle with cancer, He feature in three Oscar contribution in 2019 in which Sector?
nominations and a best picture win for 1997's a. Art and Culture
Titanic. b. Chemical & Fertilizers
a. James Cameron c. Coal & Mine
b. Leonardo DiCaprio d. Defence
c. Kate Winslet e. Agriculture
d. Jon Landau
e. James Don Person in news
2. In July 2024, the popular Kannada actress and 1. In July 2024, Madhuparna Thakur, Won from
former Doordarshan and Akashvani presenter Bagdah Assembly Constituency and She is set to
Aparna passed away in Bengaluru. In which yearshe become the youngest MLA in the history of the
had started working as a radio jockey in All India which state?
Radio and a presenter in DD Chandana? a. West Bengal
a. 1987 b. Kerela
b. 1990 c. Karnataka
c. 1991 d. Madhya Pradesh
d. 1995 e. Uttar Pradesh
e. 2001
Insurance
3. __________________________, the founder of
stationery brand Camlin, died. After selling the 1. In July 2024 ,Bajaj Allianz Life launched the Bajaj
popular artwork brand to Japan's Kokuyo, he was Allianz Life Nifty Alpha 50 Index Fund, a unit-linked
serving as the chairman emeritus of Kokuyo Camlin insurance plan (ULIP). The new fund offer (NFO)
and also well-known for his contributions to social period for the fund began on July 1 and will end on
awareness art and entrepreneurship. He received July 15, 2024. What is the primary objective of the
several awards, including Game Changers of Bajaj Allianz Life Nifty Alpha 50 Index Fund?
Maharashtra award. a. To provide guaranteed returns to investors
a. Saurav dhandelkar b. To invest in low-risk securities
b. Subhash Dandekar c. To replicate the performance of the Nifty 50
c. Sunil Mishra Index
d. Sanjay Kumar d. To provide exposure to high-alpha stocks
e. Suresh Chaurasiya e. None of the above
4. In July 2024, Who among the following died at 2. Standalone health insurance company Star
the age of 80 while holding the position of Health and Allied Insurance Company launched
Vietnam's Communist Party chief for 13 years? Home Health Care service in 50 cities in phase one.
a. Nguyen Xuan Phuc What is the main objective of Star Health and Allied
b. Vo Van Thuong Insurance Company's Home Health Care service
c. Nguyen Phu Trong initiative?
d. Tran Dai Quang a. To offer affordable healthcare options
e. Pham Minh Chinh b. To provide specialized healthcare services
c. To deliver healthcare services at customers'
5. In July 2024, Renowned cardiac surgeon and the doorsteps
founder of Sree Chitra Tirunal Institute for Medical d. To expand its insurance coverage
Sciences and Technology (SCTIMST), Dr MS e. To establish more branches
Valiathan, passed away. In which year he Received
Padma Shri Award? 3. LIC announced the launch of
a. 2000 ____________________ an initiative aimed at
b. 2001 transforming the agency ecosystem. To achieve
c. 2005 this, Life Insurance Corporation (LIC) has partnered
d. 2006 with a global consulting firm, which will undertake
e. 2002
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this agency transformation project by reviewing its 8. In July 2024, the Insurance Regulatory and
existing agency framework on an end-to-end basis. Development Authority of India (IRDAI) has revised
a. Jeevan Samarth its guidelines regarding the commission for long-
b. Jeevan kaushal term motor insurance policies. Under the updated
c. Jeevan Sampoorn regulation, for three-year comprehensive motor
d. Jeevan Saksham insurance policies for four-wheelers, the
e. Jeevan jagrook commission cap was originally set at ____________
for the first year, 10% for the second year, and
4. In July 2024, _______________ launched the _____________ for the third year.
Deferred Annuity Plan aimed at providing a steady a. 12%; 8 %
retirement income for customers. With an annuity b. 15 %; 5 %
plan starting at Rs 60,000 a year, the entry age for c. 9 %; 11 %
the plan is from _____________and it includes d. 14 %; 6 %
payable with or without Return of Purchase Price. e. None of the above
a. HDFC Life Insurance, 40 to 65 years
b. ICICI Prudential Life Insurance, 50 to 75 years 9. In July 2024, Bengaluru-based Insurtech startup
c. Bajaj Allianz Life Insurance, 40 to 95 years _______________________________ has been
d. Max Life Insurance, 30 to 55 years granted a direct broking (general) license by the
e. Shriram Life Insurance, 40 to 75 years Insurance Regulatory and Development Authority of
India (IRDAI) and this startup enables to operate as
5. In July 2024, Ageas Federal Life Insurance has a direct insurance broker in India, offering a full
launched a new pension plan that aims to provide a spectrum of business insurance solutions.
comprehensive solution for securing the financial a. PolicyBazaar
futures of policyholders during their retirement b. Covrzy
years . What is the name of the pension plan c. Coverfox
launched by Ageas Federal Life Insurance? d. Acko
a. Golden Years Savings Plan e. Turtlemint
b. Golden Years Pension Plan
c. Secure Future Pension Plan India & World
d. Retirement Income Plan
e. SafeGuard Pension Plan 1. What is the total amount of financing approved
by the World Bank for India's low-carbon energy
6. In July 2024, General Insurance Council Released development as of now?
the Data in Which Non-life insurers reported a a. 1.5 billion
percent year-on-year (Y-o-Y) growth in gross direct b. 2.5 billion
premium, underwritten in April-June quarter of c. 3 billion
FY25 (Q1FY25). What was the year-on-year growth d. 2 billion
percentage in gross direct premium underwritten by e. 1 billio
non-life insurers in Q1 FY25?
a. 10.3% 2. The Govt of India has set a target of achieving
b. 12.1% 500 GW of installed renewable energy capacity by
c. 13.7% 2030 and reaching net zero by which year?
d. 15.2% a. 2050
e. 17.4% b. 2030
c. 2070
7. In July 2024, the Insurance Regulatory and d. 2040
Development Authority of India (IRDAI) has e. 2030
imposed a penalty of Rs 2 crore on
__________________________and Rs 1 crore on 3. The Reserve Bank of India and countries in the
___________________________ (now known as Association of Southeast Asian Nations (ASEAN)
Bandhan Life), citing violations of norms. grouping has decided to create a platform to enable
a. Bajaj finance, Aegon Life Insurance instant cross-border retail payments, with the
b. TATA finance, Life Insurance Company domestic central bank working with individual
c. Aditya Birla, Aegon Life Insurance member states to set up the systems. The platform
d. Bajaj Finance, Care free Insurance is expected to go live by which year?
e. L&T Finance, LIC a. 2025
b. 2026
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c. 2027 a. UAE
d. 2028 b. USA
e. 2029 c. Japan
d. Canada
4. In July 2024, There are several MOU's are signed e. Singapore
between India and Russia To facilitate further
increase in trade and joint investment projects 8. In July 2024, India held a bilateral meeting with
between the Far East Region of Russia and India. a neighboring country to discuss a range of
What is the primary objective of the MoU between environmental and energy issues, including air
the Ministry of Environment, Forest and Climate quality, climate change, forests, natural resources,
Change of India and the Ministry of Economic and renewable energy sources. During the meeting,
Development of Russia? both countries agreed to collaborate in various
a. Exchange of knowledge in geodesy and areas of environmental management and capacity
cartography building. Which country did India hold this bilateral
b. Address issues of climate change and low-carbon meeting with?
development a. Sri Lanka
c. Promote joint investment in the Russian Far b. Nepal
West c. Bhutan
d. Facilitate cooperation in broadcasting in d. Bangladesh
e. Cooperation in Solar Energies e. Myanmar
5. In July 2024, India and Russia signed MoU on 9. External Affairs Minister S. Jaishankar
Cooperation and Collaboration on broadcasting inaugurated Indias first overseas Jan Aushadi
between __________________________ India, Kendra in _______________________________
and ANO "TV-Novosti (Russia Today TV Channel), and this partnership project will supply cost-
Russia to cooperate in the field of broadcasting, effective, made-in-India medicines to augment
including exchange of programmes, personnel, and public healthcare and enhance well-being.
training. a. Maldives
a. Prasar Bharati b. Australia
b. DD National c. UAE
c. Zee News d. Japan
d. Doordarshan e. Mauritius
e. Sony TV
10. In July 2024, India and
6. In July 2024, ________________ _________________________ approved 61
And_______________ Strengthen Defense Ties In projects worth Rs.4,958 crore to be implemented
12th Joint Committee Meeting Concluded in Abu during the Himalayan countrys 13th five-year plan,
Dhabi , The meeting focused on various aspects of for which New Delhi is providing Rs.10,000 crore as
collaboration, including training cooperation, joint development support in which the projects, cover
military exercises, defense industrial partnerships, sectors such as connectivity, infrastructure, energy,
and research and development initiatives. health, education, capacity building, industrial
a. India and Japan parks, sports, digital economy, e-mobility, and
b. India and Pakistan space technology.
c. India and Saudi Arab a. Nepal
d. India and Iran b. Sri Lanka
e. India and UAE c. Bangladesh
d. Bhutan
7. The 7th India and ____________________ e. Myanmar
Medical Product Regulatory Symposium, organised
by the Central Drugs Standard Control Organization 11. Who among the following made the
(CDSCO) under the Ministry of Health and Family announcement about the $1 million contribution to
Welfare, Government of India, was held at the UNESCO World Heritage Centre during the 46th
FICCI Convention Hall , Delegates from Ministry of session of the World Heritage Committee to provide
Health & Family Welfare, India, and the Ministry of support for heritage conservation in countries,
Health, Law and Welfare, Japan and 80 drug especially in the Global South?
regulators & 120 industry representatives from both a. President Joe Biden
countries participate. b. Prime Minister Narendra Modi
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c. President Emmanuel Macron (Ver. 4.0) Portal for rural land records management
d. Chancellor Angela Merkel and National Database for Emergency Management
e. Prime Minister Sheikh Hasina (NDEM Ver. 5.0). Which among the following
organisations has developed these Geoportals?
12. In July 2024, India and which country has a. Defence Reasearch and Development
signed their first agreement to prevent illegal Organisation (DRDO)
trafficking of cultural property and return of b. Bharat Dynamics Limited (BDL)
antiquarian objects to their place of origin? c. Indian Space Research Organisation (ISRO)
a. USA d. Hindustan Aeronautics Limited (HAL)
b. France e. SpacePixxel
c. Italy
d. Japan 2. In July 2024, Union Minister for Coal and Mines,
e. UK Shri G Kishan Reddy launched a portal Noble
Initiative for Rewarding Mains Aspirants of National
13. In July 2024, The first meeting of the India And Civil Services Examination (NIRMAN). The scheme
______________________________ High-Level is aimed towards providing support of
Task Force on Investments, co-chaired by the __________________________ to the Preliminary
Principal Secretary to the Prime Minister H.E. Dr. examination qualified candidates with annual family
P.K. Mishra and its Country's Minister was held, in income less than _____________, and belonging to
virtual mode, the two sides reviewed the Scheduled Caste, Scheduled Tribe, female or third
discussions held between the technical teams of the gender; who are permanent residents of any of the
Task force. 39 operational districts of CIL.
a. United Arab Emirates a. Rs 50,000/-; 3 Lakh
b. Saudi Arabia b. Rs 1,00,000/-; 5 Lakh
c. Qatar c. Rs 1,50,000/-; 3 Lakh
d. Oman d. Rs 1,00,000/-; 8 Lakh
e. Kuwait e. Rs 1,50,000/-; 7 Lakh
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a. To promote tourism in the northeast region. friendly lifestyles in the presence of Minister of
b. To enhance digital literacy among farmers in State for Environment,Forest and Climate
northeast. Change,Shri Kirti Vardhan Singh at Indian Institute
c. To support agricultural and horticultural products of Technology Delhi.
and promote the northeast as a reliable partner in a. GreenInnovate
the international agricultural value chain. b. Ideas4Change
d. To develop infrastructure projects in the c. Ideas4LiFE
northeast. d. EcoSolutions
e. To provide healthcare services to rural e. EnvironmentIdeas
communities.
9. In July 2024, which of the following Portal, a
6. In July 2024, State-owned Energy Efficiency replication of the Covid-19 vaccine management
Services Ltd (EESL) will introduce retail franchisee system Co-WIN, is set for a pan-India launch likely
shops called 'Urja Dakshta Dukan' which will offer by the end of August, aiming to maintain an
affordable energy-efficient products, and this firm electronic registry of routine immunisations, which
distributes products through retail tie-ups with captures every vaccination event for pregnant
power distribution utilities to consumers. What women and children under the Universal
products will be available at the 'Urja Dakshta Immunization Programme (UIP).
Dukan' retail franchisee shops? a. Co-WIN
a. Solar panels and inverters b. U-WIN
b. LED lights, ACs, and fans c. VAX-TRACK
c. Electric vehicles d. IMMUNIZE-IT
d. Home automation systems e. HEALTH-TRACK
e. Smart thermostats
Acquisitions & Mergers
7. In July 2024, Union Minister of Coal and Mines
Shri G. Kishan Reddy inaugurated the National 1. In July 2024, Crypto exchange platform
Landslide Forecasting Centre (NLFC) at GSI, Dharitri _______________has acquired virtual digital assets
Campus, Salt Lake City, Kolkata. Minister also (VDAs) platform BitOasis, based in the Middle East
launched the Bhusanket Web Portal and and North Africa (MENA) region, for an undisclosed
Bhooskhalan Mobile App. which option is/are correct amount as part of the companys global expansion
regarding this event? I. The NLFC will benefit strategy. which crypto exchange platform acquired
residents of Kalimpong, Darjeeling, and Nilgiri the MENA region's BitOasis as part of its global
districts with live forecasting reports starting from expansion strategy?
20th July 2024 and aims to operationalize the a. CoinDCX
regional Landslide Early Warning System (LEWS) b. Binance
nationwide by 2030. II. The Bhusanket Web Portal c. Coinbase
will facilitate the dissemination of relevant data and d. Kraken
information on landslide hazards, initiating short- e. BitStamp
range and medium-range landslide forecasting in
the country. III. The Bhooskhalan Mobile App, 2. In July 2024, Global IT consulting and services
integrated with the Bhusanket Web Portal, will major Accenture announced the acquisition
enable quick dissemination of daily landslide of_____________________________, a silicon
forecasts and allow stakeholders to share and design and engineering services company offering
update spatial and temporal information on custom silicon solutions for global clients, this is the
landslide occurrences. third acquisition by the firm in the design
a. I and II Only engineering and silicon design space.
b. II and III Only a. Cientra
c. I Only b. Excelmin Technologies
d. I, III Only c. Xtreme Technologies
e. I, II, and III d. TechSolutions
e. MicroDesign
8. In July 2024, Union Minister for Environment,
Forest and Climate Change, Shri Bhupender Yadav 3. In July 2024, A Canadian fund and Leap Green
launched ______________________________ for entered into definitive strategic investment
inviting ideas related to products and services, that agreements pursuant to in which this fund has
induce behavioral changes related to environment- acquired a stake. Which Canadian fund made an
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1. a 2. a 3. b 4. b 5. c 6. b 7. d 8. c 9. a 1. c 2. c 3. b 4. b 5. e 6. b 7. d 8. e
10. e 11. d 12. e 13. c 14. a 15. d 16. c 17. b
18. a 19. a 20. b 21. a 22. b 23. d 24. d 25. c Appointments & Resignations Keys
26. d 27. c 28. c 29. c 30. c 31. a 32. d 33. c
34. b 35. e 36. c 37. b 38. b 39. a 40. c 41. a 1. b 2. a 3. a 4. a 5. c 6. d 7. d 8. c 9. b
42. b 43. a 44. d 45. c 46. a 47. d 48. e 49. a 10. a 11. c 12. c 13. c 14. c 15. d 16. d 17. a
50. e 51. d 52. c 53. d 54. a 55. c 56. a 57. d 18. b 19. b 20. b 21. d 22. a 23. e 24. c 25. a
58. c 59. b 60. b 61. a 62. c 63. c 64. c 65. a 26. c 27. b 28. d 29. c 30. b 31. b 32. b 33. a
66. c 67. a 68. e 69. c 70. c 71. b 72. b 73. e 34. c 35. d 36. d
1. a 2. d 3. a 4. a 5. b 6. a 7. c 8. b 9. a 1. a 2. a 3. d 4. b 5. b 6. c 7. c 8. a 9. d
10. c 11. e 12. c 13. a 14. e 15. c 16. c 17. c 10. e 11. c 12. b 13. d 14. c 15. a 16. d
18. e 19. c 20. a
Ranks & Reports Keys
National Keys
1. d 2. c 3. e 4. b 5. c 6. d 7. a 8. e 9. a
1. b 2. c 3. a 4. d 5. b 6. a 7. e 8. d 9. b 10. e 11. e 12. a 13. b 14. d 15. e 16. a 17. e
10. b 11. c 12. a 13. b 14. b 15. d 16. a 17. e 18. d
18. d 19. b 20. d 21. a 22. a 23. c 24. a 25. b
26. a 27. e 28. b 29. c 30. b 31. e 32. a 33. b Important Days Keys
34. b 35. c 36. a 37. c 38. e 39. c 40. a 41. b
1. a 2. b 3. d 4. b 5. a 6. e 7. b 8. c 9. b
International Keys 10. c 11. c 12. b 13. c 14. c 15. c 16. c 17. c
18. c 19. a 20. c 21. a 22. a 23. a 24. b 25. b
1. a 2. c 3. a 4. c 5. e 6. c 7. b 8. a 9. c 26. c
10. b 11. a 12. c 13. c 14. d 15. e 16. d
Summit & Conferences Keys
State/UTs Keys
1. d 2. c 3. c 4. c 5. b 6. e 7. a
1. c 2. c 3. b 4. d 5. d 6. e 7. c 8. b 9. c
10. b 11. a 12. d 13. a 14. a 15. c 16. c 17. e Science & Technology Keys
18. c
1. d 2. c 3. a 4. b
Sports Keys
Defence Keys
1. a 2. b 3. a 4. a 5. a 6. e 7. a 8. a 9. a
10. c 11. c 12. b 13. c 14. e 15. d 16. c 17. e 1. c 2. d 3. a 4. a 5. a 6. d 7. a 8. a 9. a
18. c 19. b 20. c 21. e 22. c 23. d 24. b 25. b 10. b
26. c 27. c 28. a
Books & Authors Keys
Agreements & MoUs Keys
1. c
1. a 2. b 3. a 4. d 5. b 6. e 7. c 8. d 9. a
10. a 11. a 12. a 13. c 14. a 15. d 16. e 17. b Miscellaneous Keys
18. a 19. a 20. e 21. b 22. a 23. b 24. c 25. c
26. b 27. b 28. d 29. d 30. d 31. d 32. c 33. b 1. a
34. c
Obituary Keys
1. d 2. b 3. b 4. c 5. e 6. e
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1. a 1. a 2. b
1. d 2. c 3. a 4. e 5. b 6. c 7. a 8. b 9. b 1. c 2. d 3. b 4. c 5. c 6. b 7. e 8. c 9. b
1. c 2. c 3. b 4. b 5. a 6. e 7. c 8. c 9. e 1. a 2. a 3. b 4. e 5. a 6. b 7. c 8. a 9. d
10. d 11. b 12. a 13. b 10. d
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