Daily Current Affairs – July 27, 2023
Share on facebook
Share on whatsapp
Share on twitter
Share on telegram
Share on linkedin
Share on email
Daily Current Affairs - Banking - July 27, 2023
Dear Banking Aspirants,
Prepare for the Daily Current Affairs with Veranda Race who is the pioneer in the Banking Exam Coaching. Current Affairs section is one of the important Scoring section in the Mains of many Banking Exams like SBI PO, SBI CLERK, IBPS PO, IBPS CLERK, IBPS RRB PO, IBPS RRB CLERK and multiple Insurance Exams.
Veranda Race is committed to provide Daily Current Affairs for all the days for the students who are preparing for Banking & Insurance Exams.
Check Daily for the Daily Current Affairs and also for the Quizzes to prepare for the upcoming Banking & Insurance Exams in 2023.
Download – LEGEND Monthly Current Affairs Magazine
National News
Rajya Sabha passes bill to give tribal status to Hattee community in Himachal
- Rajya Sabha passed a bill to accord the Scheduled Tribe status to the Hattee community in Sirmour district of Himachal Pradesh.
- The Constitution (Scheduled Tribes) Order (Third Amendment) Bill 2022 was passed in the Upper House of Parliament by voice vote.
- Lok Sabha had cleared the bill in December 2022.
Indian Railways
- In India 14 States/ Union territories that are 100% electrified.
- Chandigarh, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Meghalaya, Odisha, Puducherry, Telangana, Uttar Pradesh and Uttarakhand.
- A total of 24,383 Route kilometer (RKM) out of 59,096 Route kilometers (RKM) of Broad Gauge network of Indian Railways (IR) have been electrified in this 14 States/UT.
- Out of which, 37,011 RKM have been electrified during the past nine years only.
- At present, 850 ‘One Station One Product’ (OSOP) outlets are operational at 782 stations over Indian Railways.
- ‘One Station One Product’ (OSOP) scheme has been launched by Indian Railways with objectives to promote ‘Vocal for Local’ vision of the Government of India, provide a market for local /indigenous products and create additional income opportunities for the marginalised sections of society.
- Indian Railways – 06/05/1836 (Founded) – New Delhi (HQ) – V.K.Tripathi (Chairman & CEO)
RECEIC launched by Minister for Environment, Forest and Climate Change Shri Bhupender Yadav
- The Resource Efficiency and Circular Economy Industry Coalition (RECEIC) launched at the side event during the 4th Environment and Climate Sustainability Working Group and Environment and Climate Ministers meeting in Chennai, Tamil Nadu.
- Conceptualized under India’s G20 Presidency, RECEIC is an industry-driven initiative aimed at promoting resource efficiency and circular economy practices globally.
- The coalition is envisioned to be a self-sustaining entity that will continue to operate beyond India’s G20 Presidency, making a lasting impact on environmental sustainability.
- 39 companies headquartered in 11 different countries have joined the coalition as its founding members.
- As a collaborative platform, RECEIC aims to facilitate knowledge-sharing, best practice sharing, and sustainable practices among the participating industries.
- The coalition has three guiding principles – Partnerships for impact, Technology Cooperation, and Finance for scale.
- The RECEIC will be launched by the Hon’ Minister for Environment, Forest and Climate Change Shri Bhupender Yadav in the presence of the Commissioner on Environment from the European Union and Honorable Ministers from Canada, France, Italy, Denmark, Mauritius, and the United Arab Emirates.
- Ministry of Environment, Forest and Climate Change (MoEFCC) – Bhupender Yadav, Cabinet Minister (Rajya Sabha MP,Rajasthan) – Ashwini Kumar Choubey, Minister of State (Buxar,Bihar)
International News
India, UK hold first Defence & Military Tech Cooperation workshop
- Senior government officials, sectoral experts and industry representatives came together in London for a first-of-its-kind discussion to explore synergies between India and the UK in the defence and military technology sector and work as a catalyst to enhance bilateral cooperation in the sphere.
- The UK-India Defence and Military Technology Cooperation workshop, organised by the London-based think tank International Institute for Strategic Studies (IISS) in partnership with India’s Bharat Shakti defence platform, explored collaborative defence research and industrial production partnerships between the two countries.
- It covered topics such as the ‘Evolving strategic context of UK-India defence relations’, ‘Perspectives on India’s Atmanirbhar programme and the UK’s defence technology partnerships’ and boosting military and manufacturing partnerships against the backdrop of the India-UK 2030 Roadmap’s focus on ‘Defence and Security’ as a key pillar of bilateral ties.
- United Kingdom – London (Capital) – Pound Sterling (Currency) – Charles III (Monarch) – Rishi Sunak (Prime Minister) – English (Language)
State News
PM Narendra Modi inaugurates new ITPO complex 'Bharat Mandapam' in Delhi
- Prime Minister Narendra Modi inaugurated newly constructed the International Exhibition-cum-Convention Centre (IECC) complex ‘Bharat Mandapam’ in New Delhi.
- Union Ministers Piyush Goyal, Rajnath Singh, Dr Jitendra Singh, actor Aamir Khan and several other dignitaries were also present at the inauguration ceremony of the new ITPO complex ‘Bharat Mandapam’ in Delhi.
- The Prime Minister also felicitated the Shramjeevis at the ITPO complex in New Delhi.
- New Delhi – Delhi (Capital) – Arvind Kejriwal (CM) – Vinai Kumar Saxena (Lieutenant Governor) – Hindi (Language)
PM Modi laid foundation stone and dedicates various development projects to the nation in Sikar
- Prime Minister Narendra Modi laid the foundation stone and dedicated to the nation, various development projects in Sikar, Rajasthan.
- The projects include the dedication of more than 1.25 lakh PM Kisan Samriddhi Kendras (PMKSKs), the launching of Urea Gold – a new variety of Urea coated with Sulphur and the onboarding of 1600 Farmer Producer Organisations (FPOs) on Open Network for Digital Commerce (ONDC).
- He also inaugurated five new medical colleges at Chittorgarh, Dholpur, Sirohi, Sikar, and Sri Ganganagar and laid the foundation stone for seven medical colleges across Rajasthan.
- The Prime Minister inaugurated six Eklavya Model Residential Schools located in the districts of Udaipur, Banswara, Partapgarh, Dungarpur, and Kendriya Vidyalaya Tivri, Jodhpur.
- Rajasthan – Jaipur (Capital) – Ashok Gehlot (CM) – Kalraj Mishra (Governor) – Hindi (Language)
Schemes
Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme
- Prime Minister Narendra Modi released the 14th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme worth over Rs 17,000 crore to more than 8.5 crores farmers on July 27, 2023.
- Eligible farmers will receive Rs 2,000 installment under the scheme.
- Pradhan Mantri Kisan Samman Nidhi is an initiative by the government of India that give farmers up to ₹6,000 per year as minimum income support.
- The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.
Pradhan Mantri Vanbandhu KalyanYojana (PMVKY)
- Ministry of Tribal Affairs is implementing ‘Pradhan Mantri Vanbandhu KalyanYojana (PMVKY)’ which includes many schemes for development and welfare of tribal communities.
- The scheme has been approved for implementation during 2021-22 to 2025-26 with a total cost of Rs. 26135.46 crores.
- The PMVKY is aimed at holistic development of tribal communities and tribal areas across the country focussing on integrated development of villages and capacity building through interventions in education and livelihood in convergence with State and Central TSP funds.
- Scheme components covered under the PMVKY are as follows:
- Pradhan Mantri Adi Adarsh Gram Yojna (PMAAGY)
- Development of Particularly Vulnerable Tribal Groups (PVTGs)
- Support to Tribal Research Institutes
- Pre-Matric Scholarship
- Post-Matric Scholarship Scheme
- Ministry of Tribal Affairs – Arjun Munda,Cabinet Minister (Khunti,Jharkhand) – Renuka Singh Saruta, Minister of State (Sarguja, Chhattisgarh) & Bisweshwar Tudu, Minister of State (Mayurbhanj,Odisha)
Banking and Finance
Razorpay launches account for Indian exporters, offers savings on overseas bank transfers
- Fintech company Razorpay announced the launch of its MoneySaver Export Account to offer up to 50 per cent savings on international bank transfers for Indian exporters.
- The company will help small and mid-size exporters open an account in a country of their choice and receive payments locally via Razorpay’s platform, hence avoiding chargebacks and transfer costs.
- The initiative allows exporters to receive international bank transfers from 160 countries.
- Users can access the feature on the Razorpay dashboard.
- All payments will come with an electronic Foreign Inward Remittance Statement.
- The service already supports over 10,000 exporters.
- Razorpay Software Private Limited – 2013 (Founded) – Bangalore (HQ) – Harshil Mathur (CEO)
Union Bank of India joins forces with IBM to spearhead comprehensive digital transformation
- Union Bank of India, a prominent public sector bank, is taking bold strides towards a future-ready and customer-centric approach through its ambitious Digital Transformation initiative.
- In a strategic move to revolutionize the banking landscape, the bank has forged a partnership with M/s IBM India Pvt Ltd, a renowned technology system integrator, to co-create a cutting-edge Digital Business Platform.
- This groundbreaking collaboration aims to establish a Digital Bank equipped with state-of-the-art capabilities, focusing on omni-channel experiences, data-driven hyper-personalization, and an extensive financial services superstore designed for seamless cross-selling and upselling.
- The Digital Business Platform will enable smooth digital journeys, offering customers unmatched convenience and efficiency.
- Additionally, the bank will embrace Open Banking capabilities, fostering seamless integration of services across various partnerships.
- Union Bank of India – 11/11/1919 (Founded) – Mumbai (HQ) – A. Manimekhalai (MD & CEO) – “Good People to Bank with”
Agreements and MoUs signed
Odisha govt signs agreement with University of California, Berkeley for cooperation in research
- The Odisha government signed an agreement with the University of California, Berkeley, in the US for cooperation in research, impact assessment of schemes and exchange of academic publication.
- The Memorandum of Understanding (MoU) was signed during the visit of a delegation of the state government to Silicon Valley.
- As part of the agreement, the state government and UC, Berkeley will collaborate on research projects, and jointly organise conferences and workshops.
- Special emphasis will be on joint training workshops in high-tech areas and approximately 1,000 researchers are likely to be trained.
- The MoU will also enable the state government to connect with UC, Berkeley’s illustrious alumni network for collaboration on various initiatives.
- In the first phase, pilot projects will be launched in disaster management and climate control, healthcare, fintech, and agriculture.
- Partnerships in emerging-tech areas such as artificial intelligence and machine learning within the governance system will bring more transformation in public delivery mechanism.
- Odisha – Bhubaneswar (Capital) – Naveen Patnaik (CM) – Ganeshi Lal (Governor) – Odia (Language)
India AI and Meta India sign MoU to foster collaboration in AI & Emerging Technologies
- In order to foster collaboration in the field of AI and Emerging Technologies, ‘India AI’ – an IBD under Digital India Corporation and Meta, India have signed an MoU.
- The MoU was signed by Shri Abhishek Singh, CEO of India AI, and Shri Shivnath Thukral, Director & Head of Public Policy, Meta in India.
- The objective of the MoU is to establish a framework for collaboration and cooperation between ‘India AI’ and Meta in the field of Artificial Intelligence & Emerging Technologies including to make Meta’s open-source AI models available for use by Indian AI ecosystem.
Power
ReNew signs pact with Petronas's green unit Gentari for 5GW projects
- Gurgaon-based ReNew has signed a 50:50 joint venture with Gentari, a green energy company of Malaysian energy major Petronas.
- Under the proposed joint venture, Gentari and ReNew will explore investments for the development of renewable assets, including solar, wind and energy storage, totalling 5GW in India.
- In May this year, Gentari picked up a 49 per cent equity stake in ReNew’s 403 MW peak power project.
- Gentari is looking to build close to 30 GW in renewable energy capacity by 2030.
Acquisitions and Mergers
M&M picks up 3.5% stake in RBL Bank for Rs 417 crores
- Diversified business conglomerate Mahindra and Mahindra (M&M) has picked up a 3.53 per cent stake in private sector lender RBL Bank for Rs. 417 crores.
- RBL Bank – 06/08/1943 (Founded) – Mumbai (HQ) – R.Subramaniakumar (MD & CEO) – “Apno ka Bank” (Tagline)
Appointments
MEA Special Secretary Prabhat Kumar appointed India’s next High Commissioner to South Africa
- Special Secretary (Ministry of External Affairs) Prabhat Kumar has been appointed as India’s next High Commissioner to South Africa.
- South Africa – Pretoria (executive), Cape Town (legislative) & Bloemfontein (judicial) (Capital) – Zulu, Xhosa, Afrikaans, English, Sepedi, Swazi, Sesotho, Setswana, Xitsonga, Tshivenda, Ndebele, South African Sign Language (Language) – Cyril Ramaphosa (President) – Amos Masondo (Chairperson of the National Council) – South African rand (Currency)
Sports News
Hockey India announces 20-member junior men’s team for 4 Nations Tournament in Germany
- Hockey India announced the 20-member Indian junior men’s hockey team that will participate in the 4 Nations Tournament from August 18 to 22 at Dusseldorf, Germany.
- India will play against England, Spain, and hosts Germany in the tournament, which will be part of the team’s preparations for the all-important FIH Hockey Men’s Junior World Cup 2023, scheduled to be played in Kuala Lumpur, Malaysia from December 5 to 16.
- The team will be led by talismanic forwards Uttam Singh, as captain, and Boby Singh Dhami, as vice captain.
- The goalkeeping department will be entrusted to the reliable duo of Mohith H S and Ranvijay Singh Yadav, while the defenders travelling to Germany are Sharda Nand Tiwari, Rohit, Amandeep Lakra, Amir Ali, Waribam Niraj Kumar Singh, and Yogember Rawat.
- Meanwhile, the midfield will witness the presence of dynamic players like Poovanna C B, Vishnukant Singh, Rajinder Singh, Amandeep, Sunit Lakra, Chetan Sharma, and Amit Kumar Yadav. In the forward department, the team consists of experienced players, namely, Araijeet Singh Hundal, Angad Bir Singh, Boby Singh Dhami, Uttam Singh, and Sudeep Chirmako.
Important Days
CRPF Foundation Day 2023
- The Central Reserve Police Force (CRPF) Foundation Day is celebrated on July 27 every year to commemorate the formation of the central force on this day in 1939.
- CRPF is an integral part of India’s internal security and one of the oldest Central Armed Police Forces (CAPF).
- Originally constituted as the Crown Representative Police in 1939, CRPF was the internal combat force in India.
- The force was renamed as CRPF by an Act of Parliament passed on December 28, 1949.
- CRPF has grown into India’s largest CAPF and functions under the Ministry of Home Affairs (MHA).
- Ministry of Home Affairs – Amit Anil Chandra Shah,Union Minister (Gandhinagar,Gujarat) – Nityanand Rai, Minister of State (Ujiyarpur,Bihar), Nisith Pramanik, Minister of State (Cooch Behar, West Bengal), Ajay Kumar Mishra, Minister of State (Kheri,UP)
Defence
First Aadhaar enrolment centre for Indian Army via Army Postal Service inaugurated in Delhi
- The first Permanent Aadhaar Enrolment Centre (PAEC) for Indian Army has been inaugurated in New Delhi.
- The PAEC will facilitate Aadhaar-related services (enrolment and updation) for tri-services personnel (Defence and civil) and their dependents through their Field Post Offices (FPO) in 48 identified locations in the country.
- All Command HQs, Corps HQs and selected FPOs are identified for the establishment of PAEC services.
- Alok Sharma, Director General Postal Services and Lt Gen Rajinder Dewan, Quartermaster General jointly inaugurated first Permanent Aadhaar Enrolment Centre (PAEC) for Army at 1 Central Base Post Office (CBPO), New Delhi on July 25, 2023.
- Indian Army – 26/01/1950 (Founded) – New Delhi (HQ) – Army Day (January 15) – General Manoj Pande (Chief of Army Staff) – “Service Before Self” (Motto)
Daily Current Affairs - July 27, 2023 - Consolidated
- Rajya Sabha passes bill to give tribal status to Hattee community in Himachal
- Indian Railways
- RECEIC launched by Minister for Environment, Forest and Climate Change Shri Bhupender Yadav
- India, UK hold first Defence & Military Tech Cooperation workshop
- PM Narendra Modi inaugurates new ITPO complex ‘Bharat Mandapam’ in Delhi
- PM Modi laid foundation stone and dedicates various development projects to the nation in Sikar
- Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme
- Pradhan Mantri Vanbandhu KalyanYojana (PMVKY)
- Razorpay launches account for Indian exporters, offers savings on overseas bank transfers
- Union Bank of India joins forces with IBM to spearhead comprehensive digital transformation
- Odisha govt signs agreement with University of California, Berkeley for cooperation in research
- India AI and Meta India sign MoU to foster collaboration in AI & Emerging Technologies
- ReNew signs pact with Petronas’s green unit Gentari for 5GW projects
- M&M picks up 3.5% stake in RBL Bank for Rs 417 crores
- MEA Special Secretary Prabhat Kumar appointed India’s next High Commissioner to South Africa
- Hockey India announces 20-member junior men’s team for 4 Nations Tournament in Germany
- CRPF Foundation Day 2023
- First Aadhaar enrolment centre for Indian Army via Army Postal Service inaugurated in Delhi
Do you wish to crack Banking Exams in 2023 ? - Register Now
Take your first step to your DREAM GOVERNMENT JOB
Enquire for Next Batch.