Daily Current Affairs 27th July, 2023

Daily Current Affairs 27 July 2023 for Banking/Insurance/SSC and other related exams.

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Government to face no-confidence motion in Parliament
No-Confidence Motion notice has been submitted by the Congress and Bharat Rashtra Samiti (BRS) in the Lok Sabha against PM Narendra Modi’s Government over the Manipur issue.

  • The main reason of this action is the Manipur issue that have left over 125 people dead, thousands displaced and new tales of unspeakable horrors each day. 
  • The conflict and the government’s inability to end it even after three months of violence has been a key reason for the continuous logjam in both houses of parliament since monsoon session began on 20th July.

Amit Shah inaugurates centralised security control centre for 66 airports under CISF cover
Union Home Minister Amit Shah inaugurated a centralised aviation security control centre that will monitor all threats and social media chatter for the 66 civil airports currently under the CISF’s security cover.

  • The aviation security control centre (ASCC) will access “24×7 real-time data monitoring and trend analysis of passengers and air traffic”, the force said. 
  • The ASCC is equipped with cutting-edge technologies such as a data centre, research and development lab and a war room to deal with emergencies.


Israeli Parliament approves Contentious Judicial Reform Law
Israeli Parliament approved a contentious law that prevents judicial checks on political power and forms a key part of Prime Minister Benjamin Netanyahu’s plan to reshape the country’s justice system, after weeks of unprecedented protests that have crippled the Jewish state. 

  • The bill passed with 64 votes in favour and zero against it, with the opposition boycotting the final vote on the bill in protest. It is the first major bill to pass in the government’s judicial overhaul. 


Canara Bank was top lender to public sector cos in FY23 
Canara Bank topped the list of public sector banks with the highest lending to corporations and PSUs of States and Union Territories for the fifth year in a row.

  • According to government data, Canara Bank led the lending to government-backed entities, with a total disbursement of ₹187,813 crore in FY23. Lending in the recently concluded fiscal was 11 per cent higher than the ₹1,69,532 crore the state-run bank lent to government entities.
  • Punjab National Bank was the second highest lender in the previous fiscal, with a total loan disbursal of ₹70,143 crore.
  • Interestingly, the country’s largest public sector bank, State Bank of India, lent ₹66,523 crore to State enterprises in the previous fiscal, down from ₹81,735 crore in FY22. Bank of Baroda’s lending to corporations and State PSUs also fell to ₹15,707 crore in the previous fiscal from ₹42,015 crore in FY22. 

Swiggy, HDFC Bank launch co-branded credit card
Food delivery platform Swiggy has partnered with HDFC Bank to launch a co-branded credit card.

  • The Swiggy-HDFC card will offer customers 10 per cent cashback on spends on the food delivery platform, including dine-outs; a 5 per cent cashback across partnered platforms including Amazon, Zara, Nykaa, Uber, and Myntra; and 1 per cent cashback on other miscellaneous spending. 
  • The cashback will be credited in the form of Swiggy Money, redeemable across various Swiggy transactions.

RBI imposes curbs on National Coop Bank, the Bengaluru bank founded by a Gandhian
The Reserve Bank of India (RBI) announced a series of restrictions on one of Bengaluru’s oldest institutions, The National Cooperative Bank, in response to its deteriorating financial position, allowing it to disburse only up to Rs 50,000 to depositors in all types of account.

  • The RBI issued the directions to the 48-year old bank using its powers under the Banking Regulation Act, 1949.

RBI permits banks to open vostro accounts from 22 countries for trade in rupee
The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries as part of efforts to promote bilateral trade in local currencies, the government said. 

  • In a written reply to Lok Sabha, Minister of State for Commerce and Industry Som Parkash also informed that an MoU has been signed between the Reserve Bank of India (RBI) and the Central Bank of UAE on July 15.
  • This would enable exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market.


Danish Rider Jonas Vingegaard Wins Tour De France for 2nd Straight Year
Danish rider Jonas Vingegaard has won the Tour de France for a second straight year as cycling’s most storied race finished on the famed Champs-Élysées.

  • With a huge lead built up over main rival Tadej Pogačar, the 2020 and 2021 winner, Vingegaard knew the victory was effectively his again before the largely ceremonial stage at the end of the 110th edition of the Tour.
  • It had been a three-week slog over 3,405 kilometers (2,116 miles) with eight mountain stages across five mountain ranges. Vingegaard seized control of the race over two stages in the Alps.

ISSF Junior Shooting World Championship: India’s Kamaljeet Clinches Gold Medal in Men’s Individual 50 metre Pistol Event
India’s Kamaljeet clinched Gold Medal in Men’s individual 50 metre Pistol Event at ISSF Junior Shooting World Championship 2023 at Changwon Shooting Range, Korea.

  • India went in with a strong contingent of 90 shooters in the tournament and bagged 17 medals including 6 Golds, 6 Silvers and 5 Bronzes.Over 550 shooters from 44 countries participated in the Championships. 


Cambodia’s PM Hun Sen to resign after four decades, and his son will succeed
Cambodia’s Prime Minister Hun Sen, one of the world’s longest-serving leaders, has announced he will resign and hand over to his son in early August. 

  • The anticipated announcement came three days after his party again won all seats at an uncompetitive election. Hun Sen, 70, has become increasingly authoritarian after nearly four decades of rule in Cambodia.
  • Hun Sen’s eldest son, Hun Manet, until recently the commander of the Royal Cambodian Army, has long been groomed for the role. In his announcement, Hun Sen said his son would be appointed Prime Minister on 10 August.

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