Daily BeePedia

1st August 2024

INDEX

RBI, Banking and Economy ___________________________________________ 3

SEBI and Financial Awareness _________________________________________ 4

NABARD and Agriculture ___________________________________________

National __________________________________________________________ 5

International _____________________________________________________

States____________________________________________________________ 7

Reports and Indexes _______________________________________________ 7

Science and Technology ___________________________________________ 8

Defence __________________________________________________________ 8

Events ___________________________________________________________ 8

Awards & Rewards ___________________________________________________ 9

Appointments _____________________________________________________ 10

Important Days ___________________________________________________ 10

Obituaries_________________________________________________________ 10

Books ___________________________________________________________

Sports ___________________________________________________________ 10
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Memory check 31st July 2024

Q.1: As per the Reserve Bank of India (RBI) report, India accounts for nearly half of the global digital payments
volume. What significant role does India play in the digital economy according to the details mentioned in the
report?
A) India is the leading country in terms of digital payment technologies but lags in cybersecurity measures.
B) India accounts for approximately 48.5% of global real-time payment volumes and leads in global remittances, receiving
USD 115.3 billion in 2023.
C) The digital economy is projected to account for about 30% of India's GDP by 2030, primarily through increased foreign
investments in digital platforms.
D) While India leads in digital payments, it significantly trails in the development and deployment of next-generation
communication technologies.
E) India's digital economy contributes about 10% to the GDP, with expectations to rise due to advancements in
technologies like 6G and self-sufficiency in chip manufacturing.

Q:2: Markets regulator SEBI has recently launched an AI-based virtual assistant named 'SEVA' to improve
investor engagement and information accessibility. Which of the following statements best describes the
functionalities and future enhancements planned for SEVA?
A) SEVA is an AI-powered platform capable of providing financial advice and portfolio management services to SEBI’s
stakeholders.
B) SEVA incorporates advanced features like speech-to-text and text-to-speech functionalities and is currently available
in its beta version on select platforms.
C) The virtual assistant SEVA only supports text inputs and outputs, focusing primarily on providing real-time stock
market updates.
D) Although SEVA operates on AI, it lacks the capability to offer any grievance redressal solutions or detailed regulatory
information to users.
E) SEVA’s capabilities are limited to providing historical data on securities and do not include any interactive or real-time
functionalities.

Q: 3: Jiya Rai recently set a new world record as the youngest and fastest para-swimmer to cross the English
Channel. Which of the following statements accurately reflects details about her record-breaking swim?
A) Jiya Rai, aged 16 from Mumbai, completed the English Channel swim in less than 18 hours, starting from Pointe de
la Courte-Dune in France.
B) Apart from the English Channel, Jiya Rai also holds the record for crossing the Atlantic Ocean in record time for her
age group.
C) Jiya Rai embarked on her English Channel swim from Abbot's Cliff, England, and concluded at Pointe de la Courte-
Dune, France, setting a new record time of 17 hours and 25 minutes.
D) Jiya Rai, while setting the world record as the youngest to swim the English Channel, also established the fastest
time ever recorded at 8 hours and 15 minutes.
E) Despite her achievement, Jiya Rai was unable to break the existing record for the fastest crossing of the English
Channel held by Anita Sood since 1987.

Q.4: In 2023, the United States overtook the UAE to become India's second-largest supplier of liquefied natural
gas (LNG). Which of the following statements accurately describes the developments in LNG imports to India
and the role of different countries?
A) The U.S. significantly reduced its LNG exports to India, making room for African nations like Nigeria and Angola to
increase their market share.
B) In 2023, the U.S. emerged as the world’s largest LNG exporter, with a total export volume of 89 million tonnes, marking
a 15% increase from the previous year.
C) Despite overtaking the UAE, the U.S. still trailed behind African nations such as Nigeria and Angola in terms of LNG
supply to India.

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D) Qatar lost its long-held position as India’s largest LNG supplier to the U.S., which exported 3.09 million tonnes to India.
E) The UAE remained India’s largest LNG supplier in 2023, with the U.S. not managing to significantly increase its exports
to India.

Q.5: In July 2024, Laos released a special set of commemorative stamps featuring Lord Rama, marking a
significant cultural event. Which of the following statements best captures the essence of this release and its
significance in Laos-India relations?
A) The stamp release event was solely a cultural initiative without any political or economic agreements between Laos
and India.
B) The stamps featuring Lord Rama and Lord Buddha were released to celebrate the commercial ties between India and
Laos, with no emphasis on cultural or historical connections.
C) During the stamp release event, attended by ministers from both countries, several Memoranda of Understanding
related to cultural exchanges were signed, but no projects related to economic development were discussed.
D) The commemorative stamps, depicting ‘Ram Lalla of Ayodhya’, were unveiled to symbolize the deep historical and
cultural ties between Laos and India, also highlighted during the signing of MoUs under the Mekong Ganga Cooperation
framework.
E) The stamps, depicting figures from Western mythology, were introduced to signify the growing influence of Western
culture in both Laos and India.

Answer key at the

end of the file

RBI, Banking and Economy

RBI proposes regulation for safer digital payments

 The Reserve Bank of India (RBI) has issued a draft circular proposing Alternative Factor
Authentication for all transactions to enhance digital-payment security.
 The proposal requires an additional authentication factor that must be robust and dynamically created,
usable only once, based on parameters like the customer's risk profile and transaction value.
 The draft mandates compulsory customer consent for introducing a new factor of authentication, with
options for customers to withdraw consent and de-register.
 Contactless card transactions below ₹5,000, insurance premiums, credit card payments over ₹1 lakh,
and other transactions up to ₹15,000 are exempted from this new requirement.
 A separate draft circular focuses on due diligence by banks for verifying Aadhar-enabled Payment
System (AePS) touchpoint operators, aligning with RBI’s Know Your Customer Master Direction 2016.
 It proposes that KYC updates be performed for operators inactive for six months and requires ongoing
monitoring by acquiring banks and compliance with National Payments Corporation of India (NPCI)
regulations.
Learn Along:
About RBI
Founded: 1 April 1935 Headquarters: Mumbai Governor: Shaktikanta Das

June core sector growth slows to 4%

 The Index of Eight Core Industries (ICI) increased by 4.0% in June 2024 compared to June 2023,
reflecting growth in sectors like Coal, Electricity, Natural Gas, Steel, Fertilizer, and Cement.
 The ICI, which accounts for 40.27% of the weight in the Index of Industrial Production (IIP), tracks the
performance of eight core industries including Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural
Gas, Refinery Products, and Steel.
 For June 2024, significant growth was seen in Coal production which rose by 14.8%, and Electricity
generation, which increased by 7.7%.

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 In contrast, there was a decline in Crude Oil production by 2.6% and Petroleum Refinery Products by
1.5%.
 The cumulative growth rate of the ICI from April to June 2024-25 was 5.7%, indicating a steady increase
in core industrial production over the period.
 Specific examples include Steel production growing by 2.7% in June 2024, while Cement production
saw a more modest increase of 1.9% during the same period.

Bank credit growth slows to 13.9% in June on higher base effect, risk weight

 Credit growth in the services and personal loan sectors has moderated, with bank credit growth slowing
to 13.9% in June, down from 16.3% a year earlier, according to RBI data.
 This slowdown is attributed to an unfavorable base effect and the ongoing impact of increased risk
weights on unsecured consumer credit and bank credit to NBFCs implemented in November 2023.
 The figures provided exclude the impact of the merger of HDFC with HDFC Bank.
 CARE Ratings noted the deceleration in credit growth was due to a higher base and banks' efforts to
manage the credit-deposit ratio more conservatively.
 In the services sector, credit growth substantially reduced to 15.1% in June, down from 26.8% the previous
year, particularly affected in the 'non-banking financial companies (NBFCs)' and 'trade' segments.
 Personal loan growth also decreased to 16.6% in June from 21.3%, with significant moderation in 'other
personal loans' and 'advances against fixed deposits', though credit growth to 'housing' saw an increase.

Ind-Ra raises FY25 growth forecast to 7.5% on Budget

 India Ratings upgraded India's FY25 GDP growth projection to 7.5% from an earlier estimate of 7.1%,
surpassing the RBI's expectation of 7.2%.
 This upgrade was prompted by growth momentum from the Union Budget announcements, which
emphasized spending on the agriculture and rural economy and MSMEs.
 The agency anticipates these measures will boost demand significantly across these sectors.
 Private final consumption expenditure is expected to grow by 7.4% year-over-year in FY25, marking
a three-year high and a significant increase from 4% in FY24, according to India Ratings.

Mineral import surges 80%

 India's major mineral imports, primarily non-critical, escalated by almost 80% in value over five years,
reaching ₹68,633 crore in FY24, though they experienced a slight dip of 2% year-on-year from ₹70,125
crore.
 The significant minerals imported include copper-ore concentrates, phosphorite, manganese ore,
limestone, iron ore, bauxite, asbestos, sulphur, magnesite, and fluorspar, which collectively
constitute 97% of mineral imports.
 In terms of volume, imports of these ten key minerals rose by 9% over five years to 619.42 lakh tonne.
 Copper ore concentrate topped the import list with a value of ₹25,951 crore, nearly 40% of total major
mineral imports in FY24, more than doubling over five years. Phosphorite was the second-highest at
₹12,649 crore, also doubling over the period.
 Other significant imports included manganese ore, limestone, and bauxite, with values at ₹7,760 crore,
₹6,616 crore, and ₹4,397 crore respectively. Meanwhile, iron ore imports declined, whereas manganese
ore and bauxite imports saw increases of 60-80% from FY19 to FY24.
 In volume, the highest was limestone at 338.09 lakh tonne, comprising 55% of total imports, followed
by phosphorite at 55.98 lakh tonne or 14%. Additionally, imports of 24 categories of critical minerals
(excluding lithium-ion and copper) in FY24 were valued at ₹1,396.6 crore and totaled 82,260 tonne in
volume.

SEBI and FINANCIAL AWARENESS

‘April-June fiscal deficit stands at 8.1% of FY25 target’

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 India's fiscal deficit for the first quarter of FY25 was ₹1.36 trillion, which is 8.1% of the full-year estimate.
 The net tax receipts for the same period stood at ₹5.5 trillion, reaching 21% of the annual target, showing
an increase from ₹4.34 trillion during the same period last year.
 Total government expenditure in the first quarter was ₹9.7 trillion, accounting for about 20.4% of the
annual budget, which is less than the ₹10.51 trillion spent a year earlier.

ADB to give $200 mn loan to India for solid waste management in 100 cities

 The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan to
enhance solid waste management and sanitation across 100 cities in eight states under the Swachh
Bharat Mission 2.0.
 The loan agreement was signed by Juhi Mukherjee, Joint Secretary, Finance Ministry, and Mio Oka,
Country Director for ADB - India Resident Mission, aiming to support the government's objectives in
improving urban sanitation and waste management.
 This funding will boost the infrastructure for waste segregation, collection, and disposal, contributing
directly to the goals of the Swachh Bharat (Clean India) Mission - Urban 2.0.
 ADB's experience in urban infrastructure will inform the program, incorporating international best
practices, new digital technologies, and climate- and disaster-resilient approaches in municipal solid
waste management.
 The program plans to establish and upgrade facilities such as bio-methanation plants, composting
plants, managed landfills, and plastic waste processing facilities. It will also support the construction
of community toilets and urinals and purchase sweeping equipment.
 Furthermore, the initiative will enhance the capacity of urban local bodies, promote peer-to-peer
learning, and foster private sector engagement to sustainably manage waste and sanitation services.
Learn Along:
About ADB
 Established in 1966, the ADB is a multilateral development bank with the mission to promote economic growth
and cooperation in the Asia-Pacific region.
 Headquartered in Manila, Philippines, ADB comprises 68 member states and is governed by a board of governors,
funded by member contributions, retained earnings, and loan repayments.
 President: Masatsugu Asakawa

Rapido enters unicorn club with $120 million round led by WestBridge

 Rapido, a bike-taxi service startup backed by Swiggy, has achieved unicorn status with a valuation of
over $1 billion, following a $120 million Series E funding round led by WestBridge Capital.
 The funding involved the issuance of 10 equity shares and 191,968 compulsory convertible preferred
shares (CCPS) at Rs 52,467 each, totaling Rs 1,002 crore ($120 million) as per regulatory filings.
 WestBridge Capital, through its investment vehicles Setu AIF Trust, Konark Trust, and MMPL Trust,
has become the largest stakeholder in Rapido, holding a 25.6% stake.
 Since its founding in 2015, Rapido has expanded to offer services in over 100 cities across India and has
raised a total of $329 million in funding.
 In its latest strategic move, Rapido announced its entry into the cab market with a zero-commission
model for drivers, planning to use a subscription model for onboarding driver partners.
 The company's financial growth has been robust, with operating revenue increasing threefold to Rs 443
crore in FY23, though this also led to a 54% increase in losses, totaling Rs 675 crore.

NATIONAL
24 New sites included in UNESCO Heritage List at New Delhi Meeting

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 The 46th Session of the World Heritage Committee of UNESCO concluded in New Delhi on 30 July
2024, where 24 new heritage sites were added to the UNESCO Heritage List.
 This marked the first time India hosted the UNESCO World Heritage Committee meeting in New Delhi
from 21 to 31 July 2024, inaugurated by Prime Minister Narendra Modi in the presence of UNESCO
Director-General Audrey Azoulay.
 During the closing ceremony, Prime Minister Narendra Modi announced a $1 million assistance to
the UNESCO World Heritage Centre, aimed at supporting conservation projects in developing countries
and enhancing capacity-building initiatives.
 The newly added sites include 19 cultural, 4 natural, and 1 mixed site, increasing the total number of
heritage sites on the UNESCO World Heritage list to 1,223.
 Italy leads the list with 60 sites, followed by China with 59. India now has 43 sites, with the latest
addition being the Moidams of Assam, a Mound-Burial System of the Ahom Dynasty.
 The session also saw the Niokolo-Koba National Park in Senegal being removed from the List of
World Heritage in Danger, and the Saint Hilarion Monastery/Tell Umm Amer in Palestine included in
it.

Serial
Heritage Site Country Category
Number
Moidams – the Mound-Burial System of the Ahom
1 India Cultural
Dynasty
Moravian Church Settlements of Herrnhut (Germany), Germany, United States of
2 Cultural
Bethlehem (USA), and Gracehill (UK) America, United Kingdom
3 Umm Al-Jimāl rural settlement Jordan Cultural
4 Badain Jaran Desert - Towers of Sand and Lakes China Natural
Migratory Bird Sanctuaries along the Coast of Yellow
5 China Natural
Sea-Bohai Gulf of China
6 Vjetrenica Cave, Ravno Bosnia and Herzegovina Natural
Te Henua Enata - The Marquesas Islands (in the
7 France Mixed
South Pacific)
8 The Flow Country United Kingdom Natural
9 Lencois Maranhenses National Park Brazil Natural
Melka Kunture and Balchit: Archaeological and
10 Palaeontological Sites in the Highland Area of Ethiopia Cultural
Ethiopia
The Emergence of Modern Human Behaviour: The
11 South Africa Cultural
Pleistocene Occupation Sites of South Africa
12 Royal Court of Tiebele Burkina Faso Cultural
13 Sado Island Gold Mines Japan Cultural
Beijing Central Axis: A Building Ensemble Exhibiting
14 China Cultural
the Ideal Order of the Chinese Capital
Phu Phrabat, a testimony to the Sīma stone tradition
15 Thailand Culture
of the Dvaravati period
16 Cultural Landscape of Kenozero Lake Russia Culture
17 The Historic Town and Archaeological Site of Gedi Kenya Cultural
Human Rights, Liberation and Reconciliation: Nelson
18 South Africa Cultural
Mandela Legacy Sites
The Archaeological Heritage of Niah National Park’s
19 Malaysia Cultural
Caves Complex
20 Schwerin Residence Ensemble Germany Cultural

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Via Appia- Regina Viarum (Road which was

21 Italy Cultural
constructed during Roman times)
The Cultural Landscape of Al-Faw Archaeological
22 Saudi Arabia Cultural
Area
23 Monumental ensemble of Targu Jiu Romania Cultural
24 Frontiers of the Roman Empire - Dacia Romania Cultural
Learn Along:
About UNESCO
Founded: 16 November 1945 Headquarters: Paris, France Director-General: Audrey Azoulay

STATES
Haribhau Kisanrao Bagde is new Rajasthan Governor

 Haribhau Kisanrao Bagde, a former Maharashtra Assembly Speaker and veteran Rashtriya
Swayamsevak Sangh leader, was sworn in as the Governor of Rajasthan.
 The oath of office was administered by the Chief Justice of Rajasthan High Court, Manindra Mohan
Shrivastava, on the lawns of Raj Bhavan.
Learn Along:
About Rajasthan
Founded: 30 March 1949 Governor: • Haribhau Kisanrao Bagde Capital: Jaipur

Goa CM Launches 'Goem Vinamulya Vij Yevjan' to Boost Solar Rooftop Installation in State

 Goa's 'Goem Vinamulya Vij Yevjan' scheme is designed to boost solar rooftop installations, in
alignment with the Prime Minister's Surya Ghar Muft Bijli Yojana.
 The scheme has been kickstarted with an initial investment of Rs 35 crore and targets consumers using
400 or fewer units per year.
 The Surya Ghar Muft Bijli Yojana operates with a substantial total budget of Rs 75,021 crore and is
slated to continue until the end of the fiscal year 2026-27.
 The national scheme aims to promote solar energy adoption throughout India, helping to reduce the
country's dependence on traditional power sources.
Learn Along:
About Goa
Capital: Panaji Chief minister: Pramod Sawant Governor: P. S. Sreedharan Pillai

REPORTS AND INDEXES

Wayanad ranked fifth in Kerala on ISRO’s landslide atlas

 Wayanad, experiencing a severe landslide, was highlighted in a national-level database by the Indian
Space Research Organisation (ISRO) in 2023 for its high risk related to landslides.
 It was ranked 13th among 147 districts in 17 States and two Union Territories in the Landslide Atlas of
India, prepared by ISRO's National Remote Sensing Centre in February 2023.
 The atlas also ranked other Kerala districts like Thrissur, Palakkad, Malappuram, and Kozhikode highly
in terms of landslide vulnerability.
 Rudraprayag in Uttaranchal topped the list, with the atlas focusing on landslide-prone areas in the
Western Ghats and Himalayan regions.
 The vulnerability in the Western Ghats is exacerbated by high population and household density,
particularly in Kerala, despite fewer landslides compared to the Himalayan regions.
 A report by the Comptroller and Auditor General of India highlighted significant forestland
fragmentation in Wayanad, noting a decrease from 1,811.35 sq km in 1950 to 863.86 sq km in 2021.

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Average cost of data breach hit all-time high of ₹195 mn in 2024: IBM

 The average cost of a data breach in India reached an all-time high of ₹195 million in 2024, as reported
by IBM in its annual Cost of a Data Breach Report.
 Common initial attack types included phishing and stolen or compromised credentials, each
constituting 18% of incidents, followed by cloud misconfiguration at 12%.
 Business email compromise emerged as the costliest cause of data breaches, averaging ₹215 million
per incident, with social engineering and phishing following closely at ₹213 million and ₹209 million
respectively.
 Since 2020, breach costs have surged by 39%, and by 9% compared to the previous year, reflecting the
increasing disruption caused by breaches and the growing strain on cyber defense teams.
 The primary drivers behind the cost increase in India were lost business and notification costs,
highlighting the escalating collateral damage from data breaches.

SCIENCE AND TECHNOLOGY

In a first, Periyar Tiger Reserve installs wind turbine in its forests for power generation

 The Periyar Tiger Reserve (PTR) in Thekkady has innovatively installed a wind turbine to power real-
time monitoring cameras and Wi-Fi connectivity within its forests, enhancing conservation efforts and
communication.
 This initiative addresses the challenge of limited mobile network connectivity in the reserve's East
Division, which comprises 17 forest sections previously dependent on solar power, hindered by the
region's foggy and rainy climate.
 The newly installed 1-kilowatt wind turbine at Mangaladevi, a site known for strong winds, efficiently
charges batteries that sustain the operation of these cameras.
 An antenna mounted on the wind turbine significantly improves internet connectivity, facilitating online
access for forest staff at three stations via a dedicated Bharat Sanchar Nigam Limited (BSNL) line in
Thekkady.
 The successful trial phase of the project has led to plans for expansion across other sections within PTR,
with the installation cost of the wind turbine reported at ₹2 lakh.
 The Kerala State Forest Protective Staff Organisation (KSFPSO) has praised the initiative,
emphasizing the significant impact on the lives of forest officials who often experience isolation during their
duties, advocating for the rapid deployment of similar technology throughout PTR and other remote forest
areas in Kerala.

DEFENCE
IAF’s largest multilateral exercise to begin this month

 The Indian Air Force (IAF) is preparing for its largest multilateral exercise, Tarang Shakti, scheduled in
two phases during August and September, involving 18 countries.
 A total of 150 aircraft, both foreign and IAF, will participate, flying over Sulur and Jodhpur. This event
aims to enhance interoperability, share best practices, and promote the indigenous defence industry.
 Phase-1 includes countries like Germany, France, Spain, and the U.K., with activities slated from August
6-14 at Sulur, Tamil Nadu.
 In Phase-2, countries such as Australia, Bangladesh, Greece, Singapore, the UAE, and the U.S. will
join from September 1-14 at Jodhpur.
 The Indian Navy will also take part in Phase-1 with MiG-29K carrier-borne fighters.

EVENTS

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India Hosts Historic 46th World Heritage Committee Meeting

 Union Minister of Culture and Tourism, Shri Gajendra Singh Shekhawat, emphasized India's
commitment to heritage conservation during the press briefing on the successful conclusion of the 46th
World Heritage Committee (WHC) meeting held in New Delhi from July 21 to 31, 2024.
 The event, a significant milestone, marked India's longstanding engagement with the World Heritage
Convention since 1977, highlighting its role in international cooperation and capacity-building in heritage
conservation.
 Prime Minister Narendra Modi inaugurated the session, announcing a $1 million grant to the UNESCO
World Heritage Centre to support capacity building and conservation efforts, especially benefiting
countries in the Global South.
 The session celebrated the inscription of 24 new World Heritage Sites, with the Moidams from Assam,
India's 43rd World Heritage Site, recognized as the first cultural site from Assam to be inscribed.
 Bilateral agreements were also a focus, with a Cultural Property Agreement signed between India and
the USA to combat illegal cultural trade, and a collaboration between the Archaeological Survey of India
(ASI) and ICCROM for capacity building.

India hosted the Second Edition of Colombo Security Conclave Seminar on Exchange of Information
on Legislations, Cyber Policies, and Incident Mitigation at NFSU Gujarat on 30-31 July 2024

 The Second Edition of the Colombo Security Conclave Seminar on "Exchange of Information on
Legislations, Cyber Policies, and Incident Mitigation" and the Meeting of the Joint Working Group on
Cyber Security were hosted by India’s National Security Council Secretariat in collaboration with the
National Forensics Science University in Gandhinagar, Gujarat on July 30-31, 2024.
 The event saw participation from delegates of Member and Observer States of the Colombo Security
Conclave, including Bangladesh, India, Maldives, Mauritius, Seychelles, Sri Lanka, and the Colombo
Security Conclave Secretariat.
 Cyber Security, Protection of Critical Infrastructure & Technology is a major focus of the Colombo
Security Conclave, aiming to foster a more collaborative approach towards cybercrime, incident
response, mitigation, and the protection of critical infrastructure.
 The seminar facilitated initial exchanges among members on topics like Cyber Security Policies &
Strategies, Digital Forensics, and Cyber Threat Intelligence sharing, focusing on enhancing incident
response and countering cybercrimes.
 Discussions at the seminar centered on technological advancements, research challenges, and
innovative strategies to secure and strengthen cyberspace. Participants shared experiences and
explored collaborative solutions to cyber security challenges.
 The seminar concluded with a consensus to identify key deliverables for strengthening cyber security
measures, aiming to bolster regional security and protect shared interests under the Colombo Security
Conclave.

AWARDS AND REWARDS

KIIT DU Awarded Prestigious UN ECOSOC Special Consultative Status

 KIIT Deemed to be University has been awarded Special Consultative Status by the United Nations
Economic and Social Council (UN ECOSOC), recognizing its significant contributions to the
Sustainable Development Goals (SDGs).
 Out of 476 applications worldwide, KIIT was one of only 19 organizations selected for this honor,
demonstrating its impactful contributions and commitment.
 The prestigious status was officially conferred during the UN ECOSOC management segment meeting
on July 23, 2024, at the United Nations Headquarters in New York.
 This accolade highlights KIIT's dedicated efforts toward the United Nations' Agenda 2030 and its global
sustainability goals.

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 Attaining this status positions KIIT among an elite group of universities worldwide, marking a significant
milestone in its global engagement and influence.

APPOINTMENTS
Organization Name News Learn Along
National Housing The National Housing Bank announced that Sanjay Shukla has Founded:
Bank officially taken on the role of managing director (MD) as of July 30, 9 July 1988
2024. A seasoned chartered accountant with over three decades of
experience in housing and retail asset finance, Shukla has a
distinguished history of leading and transforming financial institutions.

IMPORTANT DAYS

OBITUARIES
Name of Person Field Points to Remember
Aunshuman Sports Former India cricketer Aunshuman Gaekwad passed away after
Gaekwad a long battle with cancer. He was 71.
Gaekwad played 40 Tests and 15 ODIs for India.
He was also the coach of the Indian team that finished runner-up
at the 2000 ICC Champions Trophy.

SPORTS
Olympics: Swapnil Kusale wins historic bronze medal in 50m rifle event

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 Swapnil Kusale clinched a historic bronze medal in the men's 50m rifle 3 positions event at the Paris
Olympics, marking India's third medal at these games with a total score of 451.4.
 This achievement made him the first Indian to reach the final in this event, where he was consistently
among the top 5 competitors before moving into medal contention during the final standing section.
 His success follows another remarkable performance by Manu Bhaker, who won the bronze in the
women's 10m air pistol and a bronze in the mixed team event with Sarabjot Singh.
 Kusale's previous accolades include a gold medal in the team event for the 50m rifle 3 positions at the
2022 Asian Games in Hangzhou, alongside teammates Tomar and Akhil Sheoran.
 Additionally, coached by Tejaswini Sawant in Kolhapur, Kusale finished fourth in the individual 50m rifle
3 positions at the same Asian Games.

Rohan Bopanna retires from Indian tennis after Summer Games exit

 Rohan Bopanna has announced his retirement from Indian tennis following his exit from the Paris 2024
Olympics men's doubles first round, where he competed with N. Sriram Balaji.
 The Indian duo was defeated 7-5, 6-2 by the French pair of Gael Monfils and Edouard Roger-Vasselin.
 Bopanna's illustrious career includes a gold medal win at the Asian Games 2022 in Hangzhou with Rutuja
Bhosale in mixed doubles.
 He ended his 21-year Davis Cup career in September of the previous year after assisting India in
defeating Morocco in their World Group II match.
 In early 2024, at the age of 43 years and nine months, Bopanna became the oldest man to win a Grand
Slam title in the Open Era, securing victory at the Australian Open with his partner Matthew Ebden.
 Despite his retirement from national competitions, Bopanna will continue to compete on the ATP circuit.

Answer key to Memory check

Q:1- B Q:2- B Q:3- C Q:4- B Q:5- D

Sources of the News:

The Hindu,The Indian Express,Business Standard, The Financial Express ,PIB, etc.

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