Current Affairs for July 16, 2019
BANKING AND ECONOMY
- Goa is soon going to have its own State Staff Selection Commission (SSSC) to bring more transparency in filling government vacancies.
- 12 beaches have been tagged with ‘Blue Flag’ certification by Ministry of Environment, as they meet the international criteria for cleanliness and environment friendly initiatives.
- There are 33 criteria that must be met to qualify for a Blue Flag certification given by the Foundation for Environmental Education.
Kasarkod and Padubidri (Karnataka)
Mamallapuram (Tamil Nadu)
Rushikonda (Andhra Pradesh)
Radhanagar (Andaman & Nicobar Islands)
- Rajasthan High Court has become the first High Court in India to abandon the British practise of addressing judges as “My Lord” or “Your Lordship”.
- A Good Company and HypeAuditor data shows that 1.84 million fake accounts operate on Instagram in 82 countries of the world.
- India has 16 million fake influencer accounts which costs $750 million to India.
- USA, Brazil and India are the top three countries with maximum fake accounts.
- Indian Council of Medical Research (ICMR) has initiated clinical vaccine trials for people who live closer to TB patients.
- Under the program, two vaccines- VPM 1002 and MIP will be shortlisted for Phase-3 trials.
- Initially, the program will cover 12,000 households in Delhi, Karnataka, Maharashtra, Odisha, Tamil Nadu and Telangana.
- Ministry of Agriculture has proposed certain changes to PM Fasal Bima Yojana.
Ministry of Agriculture and Farmer Welfare
To provide crop insurance from pre-sowing to post-harvest period against the natural disasters (at premium rates of 2% for Kharif; 1.5% for Rabi; 5% for Horticulture and Commercial crops)
- A high-level committee (headed by Shri. J. Satyanarayana) has prepared the report called ‘National Digital Health Blueprint’.
- Aim: – To create a National Digital Health Eco-system to support Universal Health Coverage, standards-based digital systems, and ensuring the security, confidentiality and privacy of health-related personal information.
- AIIMS– Centre for Dental Education and Research (CDER), along with Ministry of Health will conduct the largest ‘Oral Health Survey 2019’ nationwide.
- It will collect data which will act as a ground for planning preventive and treatment strategies.
- Inland Waterways Authority of India’s (IWAI) ship, MV AAI has been flagged off the Dhubri river port in Assam to reach Narayanganj port in Bangladesh.
- The ship is carrying 1000 MT of Bhutanese stone over river Brahmaputra, using Indo-Bangladesh Protocol Route.
- China’s GDP growth has declined to 6.2% (against the 6.4% in Q1 of 2019) in the April-June 2019, its lowest level in nearly 30 years.
- Reason :- US-China trade war.
- Scientist Alan Turing will feature on Euro 50 note of United Kingdom.
- Turing is known for his code-breaking intelligence during the World War II, and for his immense contribution towards developing modern computing technologies.
- China will host the 44th session of the UNESCO’s World Heritage Committee in 2020 in its city of Fuzhou.
BANKING AND ECONOMY
- RBI has penalised State Bank of India with Rs 7 crore and Union Bank of India with Rs 10 lakhs for violating certain regulatory guidelines.
- SBI violated the norms on Income Recognition and Asset Classification, code of conduct for opening and operating current accounts etc.
- Union Bank is fined for non-compliance with the directions on the cybersecurity framework.
- Aditya Birla Fashion and Retail Ltd. acquired 51% stake in Finesse International Design for ₹60 crore.
- India and Russia have agreed on a new payment method through their national currencies (rupees and rubles) for multi-billion-dollar defence deals.
- Purpose: – To avoid risks created by the U.S. threat of sanctions and banking restrictions.
- S-400 air-defence missile systems (which India is importing) will also be a part of this mechanism.
- SEBI has tightened liquidity norms for mutual funds to protect investors from credit risks arising out of defaults by borrowers.
- Liquid (debt mutual) funds can now invest a maximum of 20% of their assets in a single sector as against the current limit of 25%, and must keep aside at least one-fifth of their assets in cash equivalents to meet sudden redemption pressures.
- Currently, mutual funds have a ₹3.12 trillion exposure to NBFCs and housing finance companies.
- India’s mutual fund industry stands at ₹25.93 trillion, which has to comply with the new sectoral caps from September 2020.
- Mutual funds have an exposure of around ₹50,000 crore to loans against shares.
- These securities will need to carry a cover of 4:1, which typically now stands at 2:1.
- Former Supreme Court Justice AK Sikri has been appointed as an International Judge at Singapore International Commercial Court (SICC).
- SICC works with Singapore Supreme Court to resolve transnational commercial disputes.
- Sharath Kamal has won the ‘Sportsperson of the Year’ award in the annual Indian Oil Sports Conclave.
- Shahrukh Khan has been chosen for the honorary doctorate from La Trobe University, Melbourne, Australia.
- Reason: – In recognition of his efforts to empower women and children.
- Nirmal Umashankar has won in the Senior category of JK Tyre-FMSCI National Karting Championship (X-30 class) held in Bengaluru.
- In the Cadet (junior) section, Ishaan Madesh has won.
- Anahat Singh (girls’ under-13) and Neel Joshi (boys’ under-17) won titles in the Dutch junior Open squash tournament 2019, held in Amsterdam, Netherlands.
- Roberto Bautista Agut has climbed to 13 position in the latest ATP rankings (after Wimbledon). Novak Djokovic remains at top spot.
- Women’s Tennis Association rankings: – 1. Ashleigh Barty, 2. Naomi Osaka, 3. Karolina Pliskova, 4. Simona Halep, 5. Kiki Bertens.
- Sei Young Kim has won the 59th Marathon Classic golf tournament (an LPGA tour) held at Pennsylvania, USA.
- Pernell Whitaker (American Boxer) has passed away.
- For the first time ever image of quantum ‘bell entanglement’ has been captured by physicists from University of Glasglow.
- The study published in the journal of Scientific Advances.
- Bell states, a concept in quantum information science, are specific quantum states of two qubits that represent the simplest (and maximal) examples of quantum entanglement.
- Malayalam cinematographer M J Radhakrishnan passed away.
- Rachna Bisht Rawat has authored the Kargil: Untold stories from the War.