Daily Current Affairs 21 July 2023 for Banking/Insurance/SSC and other related exams.
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Chhattisgarh govt launches housing scheme to fend off criticism
Chhattisgarh CM Bhupesh Baghel announced the launching of New Rural Housing Scheme named Gramin Awaas Nyay Yojna to provide free housing facility to the poor.
- The objective of the scheme to provide the free housing facility to the poor in the state. Gramin Awaas Nyay Yojna will cover up those families who are not eligible for PM Awaas Yojna based on 2011 SECC, based on the new survey conducted by the Department of Panchayat and Rural Development.
India, Japan signs MoU to develop resilient semiconductor supply chain
India signed a Memorandum of Cooperation with Japan to develop a resilient semiconductor supply chain.
- Addressing a press conference in New Delhi, Electronics and IT Minister Ashwini Vaishnaw said, there will be cooperation on Manufacturing, Equipment Research, Design, Talent Development, and Supply. He said, India’s semiconductor mission is progressing at a very fast pace.
- Mr Vaishnaw said, the MoU with Japan signifies the confidence of the world in India’s capabilities and commitment to building a comprehensive semiconductor ecosystem in India.
Argentina to acquire light and medium utility helicopters from HAL
The Defence Minister of Argentina visited Bengaluru where he signed a Letter of Intent (LoI) with Hindustan Aeronautics Limited to foster cooperation between the two parties for the acquisition of Light and Medium Utility Helicopters for the armed forces of Argentina.
- This LoI signifies a commitment to productive collaboration between HAL and the Ministry of Defence of The Republic of Argentina.
BANKING & FINANCE
RBI cancels licence of Uttar Pradesh-based United India Co-operative Bank
The Reserve Bank of India (RBI) has cancelled the licence of Uttar Pradesh-based United India Co-operative Bank.
- Consequently, the bank (Nagina, Bijnor, Uttar Pradesh) will cease to carry on banking business with effect from the close of business on July 19, 2023, according to a RBI statement.
- The central bank said the Commissioner and Registrar of Cooperatives, Uttar Pradesh, has also been requested to issue an order for winding up the bank and appointing a liquidator for it.
Indian Bank ties up with TAFE, TMTL for tractor financing
In a move to enhance its customer experience, Indian Bank partnered with TAFE and TMTL, leading OEMs of Tractors in India, for financing tractors, in the presence of Imran Amin Siddiqui, ED, Indian Bank.
- The tie up would allow Farmers and Other Individuals to avail tractor loan at affordable interest rates, with the benefit of hassle- free loan processing.
BUSINESS & ECONOMY
OPPO India sets up first PPP-model Atal Tinkering Lab in Kerala
OPPO India announces the establishment of an Atal Tinkering Lab (ATL) in Kerala in collaboration with NITI Aayog’s Atal Innovation Mission (AIM) as Knowledge Partners.This collaboration marks the establishment of the first-ever Atal Tinkering Lab, based on the PPP (Public-Private Partnership) model.
- This programme motivates students to explore, experiment, and undertake projects involving DIY kits in robotics, electronics, and rapid prototyping.
- The primary objective of this initiative is to create an empowered future-ready workforce and nurture entrepreneurship and technological skills among the youth. Till 2022, 10,000 ATLs were established across 35 States and UTs in India via government grants.
Japan becomes second Quad partner to sign semiconductor pact with India
India and Japan signed a memorandum of understanding (MoU) on semiconductor development, which will include design, manufacturing, equipment research, and talent development.
- The agreement was signed by India’s Ashwini Vaishnaw and Japan’s Yasutoshi Nishimura for semiconductor design, talent development, research into equipment and to increase resilience in the supply chain.
- Both nations will also work together on government-to-government and industry-to-industry collaboration, and set up an implementation organisation.
Virat Kohli becomes 10th cricketer to make 500 international appearances
Indian cricketing legend Virat Kohli achieved a significant milestone by becoming the 10th cricketer in history to make 500 international appearances.
- He reached this remarkable feat during India’s second and final Test match against the West Indies at the Queen’s Park Oval in Port of Spain.
- With this accomplishment, Kohli joins an elite list of four Indian players, including the iconic Sachin Tendulkar, Rahul Dravid, and MS Dhoni. Kohli’s exceptional career includes 274 ODIs, 115 T20Is, and 111 Test matches, showcasing his immense contribution to Indian cricket.
HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place
HDFC Bank became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.
- At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS’ Rs 12,66,891.65 crore valuation on the BSE.
- Reliance Industries is the country’s most valued firm with a market valuation of Rs 17,72,455.70 crore, followed by HDFC Bank, TCS, ICICI Bank (Rs 6,96,538.85 crore) and Hindustan Unilever (Rs 6,34,941.79 crore) in the top five order.
18-year-old Anshuman Jhingran from Navi Mumbai becomes youngest to Cross North Channel
Anshuman Jhingran, a 18-year-old open water swimmer from Navi Mumbai, has achieved a remarkable milestone by becoming the youngest person ever to cross the North Channel.
- His extraordinary accomplishment, completed in just 125 days, has earned him a coveted spot in the esteemed Guinness World Records.
- Notably, his successful crossing marks the 114th achievement of its kind since 1947.