Daily Current Affairs 24 July 2020 for Banking/Insurance/SSC and other related exams.
NATIONAL NEWS
Employees’ Welfare Scheme launched in Arun Jaitley’s name in Rajya Sabha
The Rajya Sabha secretariat has launched an Employees’ Welfare Scheme in the name of former Union finance minister Arun Jaitley, who was also the Leader of the House in the Rajya Sabha.
- The scheme has been formulated and approved based on the decision of Sangeeta Jaitley, wife of the senior leader who passed away in August last year.
- The scheme will be funded by the pension his family receives as he has been a member of the upper house.
- The scheme seeks to benefit group “C” employees of the secretariat by awarding their children three scholarships for higher technical and professional education.
FCC, NPCI host world’s largest virtual fintech event
To bring together fintech and BFSI ecosystems across the globe, the Fintech Convergence Council (FCC), the flagship fintech committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI) and the Payments Council of India (PCI) host the Global Fintech Fest (GFF), an international virtual event.
- The event is presented by the Department of Economic Affairs (DEA), Ministry of Finance, Government of India and the Reserve Bank of India (RBI).
- The two-day event themed ‘Fintech: With and Beyond Covid’ with over 100 speakers. It will have more than 10,000 participants from 50 countries
AP signs MoU with Amul to empower women SHGs
Andhra Pradesh Government has signed an MoU with the milk cooperative giant AMUL (Anand Milk Union Limited) to provide fillip to the empowerment of women self-help groups and by encouraging the milk cooperatives in government sector.
- AMUL will help the women groups and give dairy farming in cooperative sector an opportunity and exposure to world class infrastructure, technology and marketing opportunities which would improve their standard of living and in self-reliance of women.
Delhi Government launches new scheme ‘Mukhya Mantri Ghar Ghar Ration Yojna’
Delhi Chief Minister Arvind Kejriwal launched “Mukhya Mantri Ghar Ghar Ration Yojana” to help the eligible beneficiaries get ration delivered at home.
- Under the scheme, wheat, flour, rice and sugar packed hygienically in bags will be delivered to the doorstep of people.
Haryana CM launches e-Sachivalaya portal
Haryana CM Manohar Lal Khattar launched e-Sachivalaya portal, a digital platform, facilitating people to take online appointments for virtual meetings with the CM , Deputy CM , Ministers and other Heads of Depts.
- The portal was launched to provide citizen-centric services to the people in a transparent and seamless manner by making the maximum use of the information technology.
- After taking the appointment, the person will be given a time slot for the virtual meeting within 24 hours.
CCI approves Krishnapatnam port acquisition by Adani Ports, SEZL
The Competition Commission of India has approved the acquisition of Krishnapatnam Port Company Limited by Adani Ports and Special Economic Zone Limited.
- The proposed combination envisages acquisition of equity shareholding along with management control of Krishnapatnam Port Company Limited by Adani Ports and Special Economic Zone Limited.
India Business Council hosts 2020 India Ideas Summit
India Business Council hosted the 2020 India Ideas Summit which was addressed by the Prime Minister Narendra Modi. The two-day summit’ organised by USIBC also marked the 45th anniversary of the formation of the council and is based on the theme ‘Building a Better Future’.
- The Summit convenes business and government leaders for discussions on the future of the U.S.-India Partnership and the trends shaping globalization, trade and investment, and the future of work in the COVID-era and beyond.
Actor Sonu Sood launches job hunt app ‘Pravasi Rojgar’ for migrant workers
Actor Sonu Sood launched Pravasi Rojgar app to offer support to workers in finding right job opportunities in various sectors across the country.
- The Pravasi Rojgar app will provide all the necessary information and right linkages to find jobs.
India ranks among 10 worst countries for working people: ITUC
India is among the 10 worst countries for working people, according to the seventh edition of the International Trade Union Confederation (ITUC) Global Rights Index that ranks 144 countries on the degree of respect for workers’ rights.
- The others include Bangladesh, Brazil, Colombia, Egypt, Honduras, Kazakhstan, the Philippines, Turkey and Zimbabwe.
- The Middle East and North Africa is the worst region in the world for working people for seven years running due to the ongoing insecurity and conflict in Palestine, Syria, Yemen and Libya coupled with the most regressive region for workers’ representation and union rights
INTERNATIONAL NEWS
Oxford COVID-19 vaccine ‘AZD1222’ early trial shows positive result
The human trial of COVID-19 vaccine candidate developed by the University of Oxford and backed by AstraZeneca Plc has shown a positive result. Officially known as AZD1222, the vaccine has prompted a protective immune response in hundreds of people who got the shot.
- The researchers said that they found their experimental COVID-19 vaccine produced a dual immune response in people aged 18 to 55.
- The vaccine uses a weakened version of chimpanzee adenovirus as a vector, infused with the genetic material of SARS-CoV-2 spike protein.
EU approves biggest green stimulus in history With $572 Billion plan
European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.
- At a marathon five-day summit in Brussels, heads of government reached a deal on an unprecedented economic rescue plan and seven-year budget for the region worth €1.8 trillion ($2 trillion).
- The plan is part of Europe’s bid to become the world’s first climate-neutral continent by 2050.
- Germany’s recovery plans are among the greenest so far, with about a third of the €130 billion ($145 billion) recovery budget going into areas such as public transport and development of green hydrogen.
Nicaragua becomes the 87th Country to sign ISA agreement
Nicaragua has become the latest country to join the International Solar Alliance Framework Agreement, an initiative led by India to promote sustainable energy.
- With this, Nicaragua has become the 87th country to sign the agreement.
- The ISA is an alliance of 121 countries, most of them being sunshine countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
Turkmenistan gets observer status in World Trade Organization
Turkmenistan has been granted Observer status by the World Trade Organization (WTO ) General Council. Turkmenistan has become the last former Soviet republic to establish formal ties with the trade body
BUSINESS & ECONOMY
Airtel Payments Bank partners NSDC to train rural youth for financial services jobs
Airtel Payments Bank Ltd has collaborated with National Skill Development Corporation (NSDC) to train and skill young people in rural areas on financial services, enabling them to find jobs and become entrepreneurs in the sector.
- The partnership aims at designing and conducting targeted skill development programs for rural youth that will focus on adoption of tools to boost online banking and digital financial services at a time when the smartphone market is growing and usage of 4G has increased due to stay-at-home restrictions.
PhonePe, ICICI Lombard team up to offer Hospital Cash cover
Digital payments platform PhonePe announced the launch of its Hospital Daily Cash benefit under Group Safeguard Insurance in partnership with private insurer ICICI Lombard.
Nomura estimates India’s GDP to contract by 6.1% in FY21
Economic activity continues to remain weak and will lead to a 6.1 per cent contraction in India’s GDP in the current fiscal, a foreign brokerage said.
- The Reserve Bank is likely to pause at the upcoming policy review in August and cut rates by 25 basis points each in the October and December reviews, Japanese brokerage Nomura said in a report.
SPORTS
Ben Stokes overtakes Jason Holder to be world’s top-ranked all-rounder
England’s Ben Stokes has overtaken West Indies captain Jason Holder to become the number one ranked all-rounder in the world.
- The 29-year-old scored 254 runs and took three wickets as England beat West Indies at Old Trafford to level the three-Test series at 1-1.
- Stokes is the first English all-rounder to top the rankings since Andrew Flintoff in May 2006.He has also climbed to a career-best third position in the batting rankings.
- The left-hander is joint third with Australia’s Marnus Labuschagne and behind only Australia’s Steve Smith and India captain Virat Kohli.
Lionel Messi wins the Pichichi trophy with 25 goals in La Liga
Lionel Messi won a record seventh top scoring title, also known as the Pichichi award, in the La Liga after netting twice in Barcelona’s 5-0 rout of Alaves in the final round.
- Messi ended with 25 goals, four more than Karim Benzema, who did not score in Real Madrid’s 2-2 draw at Leganes.
APPOINTMENTS
Ganesh Lakshminarayanan to be new chief of Airtel’s enterprise business
Bharti Airtel Ltd has appointed Ganesh Lakshminarayanan as chief executive officer (CEO) of the company’s enterprise business.
- Lakshminarayanan will succeed Ashish Arora, who has been promoted as the CEO for global business.
- Arora will look at expanding Bharti Airtel’s global networks, including submarine cable systems, to serve international and domestic customers.
Saba Karim resigns from General Manager Cricket Operations BCCI
Saba Karim, the former India wicketkeeper, has resigned from his post as general manager cricket operations in the Indian cricket board.
- He is the second big name to resign recently after the CEO Rahul Johri was relieved of his services last week.
- The 52-year-old Karim, who played one Test and 34 ODIs for India, was appointed by the BCCI in December 2017.
AWARDS
Kannan C S Warrier receives 2019 National Award of Excellence for Outstanding Research in Forestry
Coimbatore-based Kannan Warrier, , Senior principal of Institute of Forest Genetics and Tree Breeding (IFGTB) scientist gets Indian Council of Forestry Research and Education’s National Award of Excellence for outstanding research in forestry, including conservation of endangered sacred groves in the Alappuzha district of Kerala.
- The award also recognises his research on three productive clones of casuarina, known as kattadi and savukku.
- Warrier has 27 years of forestry research experience and has published 232 research articles.
Indian-Origin Singapore Nurse gets President’s Award for COVID services
A 59-year-old Indian-origin nurse, Kala Narayanasamy in Singapore has been conferred with the President’s Award for Nurses for serving on the frontline during the COVID-19 pandemic.
- Kala Narayanasamy was among the five nurses given the award, the Ministry of Health announced.
- Each recipient was awarded a trophy, a certificate signed by President Halimah Yacob and SGD 10,000 (USD 7,228).
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I believe that avoiding prepared foods is the first step for you to lose weight. They will often taste beneficial, but packaged foods have got very little vitamins and minerals, making you try to eat more just to have enough energy to get throughout the day. In case you are constantly feeding on these foods, transferring to whole grains and other complex carbohydrates will help you to have more electricity while having less. Great blog post.
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One other issue is when you are in a scenario where you do not have a cosigner then you may genuinely wish to try to make use of all of your money for college options. You can find many funds and other scholarships or grants that will ensure that you get funds to help you with institution expenses. Thanks a lot for the post.
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Thanks for the new things you have unveiled in your blog post. One thing I’d prefer to discuss is that FSBO relationships are built as time passes. By launching yourself to owners the first saturday their FSBO is definitely announced, ahead of masses get started calling on Mon, you build a good connection. By giving them methods, educational resources, free reports, and forms, you become a great ally. Through a personal desire for them as well as their problem, you create a solid connection that, most of the time, pays off in the event the owners decide to go with a representative they know in addition to trust — preferably you actually.
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I have observed that online diploma is getting well-liked because attaining your college degree online has turned into a popular solution for many people. Numerous people have not had an opportunity to attend a normal college or university however seek the raised earning possibilities and a better job that a Bachelor’s Degree gives. Still other individuals might have a college degree in one discipline but would wish to pursue some thing they now possess an interest in.
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Thanks for your post. I would also like to say that a health insurance dealer also works for the benefit of the coordinators of a group insurance policy. The health insurance broker is given an index of benefits searched for by an individual or a group coordinator. Exactly what a broker does indeed is look for individuals and also coordinators which often best complement those wants. Then he shows his suggestions and if both parties agree, the actual broker formulates a legal contract between the two parties.
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Thanks for sharing your ideas on this blog. Likewise, a fairy tale regarding the financial institutions intentions when talking about foreclosures is that the financial institution will not getreceive my payments. There is a certain quantity of time which the bank can take payments from time to time. If you are also deep inside hole, they should commonly desire that you pay the payment fully. However, that doesn’t mean that they will have any sort of repayments at all. When you and the loan company can have the ability to work some thing out, the particular foreclosure course of action may stop. However, if you continue to neglect payments beneath new strategy, the foreclosed process can just pick up from where it left off.
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I have observed that online diploma is getting common because obtaining your degree online has developed into popular solution for many people. Quite a few people have definitely not had an opportunity to attend an established college or university but seek the raised earning possibilities and a better job that a Bachelor’s Degree affords. Still some others might have a degree in one discipline but would like to pursue something they now develop an interest in.
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Thanks for the tips on credit repair on this excellent blog. Things i would tell people will be to give up this mentality that they can buy today and pay back later. As a society many of us tend to do that for many issues. This includes holidays, furniture, in addition to items we want. However, you’ll want to separate your own wants from the needs. When you are working to boost your credit score actually you need some sacrifices. For example you possibly can shop online to save cash or you can check out second hand retailers instead of high priced department stores regarding clothing.
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Great blog post. A few things i would like to bring up is that pc memory is required to be purchased if the computer can’t cope with everything you do by using it. One can put in two random access memory boards containing 1GB each, for instance, but not one of 1GB and one with 2GB. One should always check the maker’s documentation for own PC to ensure what type of memory space it can take.
I realized more a new challenge on this fat loss issue. Just one issue is a good nutrition is vital while dieting. An enormous reduction in fast foods, sugary meals, fried foods, sugary foods, beef, and white flour products could be necessary. Retaining wastes unwanted organisms, and toxins may prevent targets for shedding fat. While certain drugs in the short term solve the situation, the horrible side effects are certainly not worth it, they usually never present more than a short-term solution. It is a known fact that 95 of dietary fads fail. Thanks for sharing your thinking on this site.
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Another thing I’ve noticed is always that for many people, a bad credit score is the results of circumstances further than their control. For instance they may be really saddled having an illness so they have large bills for collections. It can be due to a occupation loss or even the inability to go to work. Sometimes divorce process can truly send the finances in an opposite direction. Many thanks sharing your opinions on this blog site.
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In my opinion that a property foreclosures can have a major effect on the borrower’s life. Foreclosures can have a 7 to a decade negative relation to a borrower’s credit report. Any borrower that has applied for a home loan or any kind of loans for example, knows that your worse credit rating is definitely, the more difficult it is to acquire a decent bank loan. In addition, it could possibly affect a borrower’s ability to find a quality place to lease or rent, if that gets to be the alternative housing solution. Good blog post.
By my observation, shopping for electronic devices online may be easily expensive, but there are some tips and tricks that you can use to obtain the best offers. There are usually ways to obtain discount bargains that could help make one to buy the best electronics products at the lowest prices. Interesting blog post.
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One more thing. In my opinion that there are quite a few travel insurance sites of respectable companies that permit you to enter your holiday details and find you the quotations. You can also purchase the particular international travel insurance policy on the internet by using your credit card. Everything you need to do is always to enter your current travel information and you can begin to see the plans side-by-side. Just find the program that suits your financial budget and needs and use your credit card to buy the item. Travel insurance on the web is a good way to take a look for a dependable company to get international holiday insurance. Thanks for expressing your ideas.
Thanks for the ideas you are discussing on this blog. Another thing I would really like to say is getting hold of copies of your credit rating in order to check accuracy of any detail is the first motion you have to execute in credit repair. You are looking to clear your credit history from detrimental details problems that spoil your credit score.
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Thanks for the thoughts you have shared here. Also, I believe there are many factors which will keep your auto insurance premium decrease. One is, to contemplate buying cars that are inside the good listing of car insurance companies. Cars which can be expensive are more at risk of being robbed. Aside from that insurance is also based on the value of your automobile, so the more expensive it is, then the higher a premium you spend.
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