Daily Current Affairs July 07

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs July 07. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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July 07| Daily Current Affairs 2022

Important Days – Daily Current Affairs July 07

1. World Chocolate Day is observed on?
A) July 05
B) July 07
C) July 03
D) July 06
E) July 04
Answer: B) July 07

• Observed on July 7 every year to commemorate the day chocolate was first brought to Europe.
• The day is celebrated on July 7th because it was on this date in 1550 that chocolate was first brought to Europe.
• The first World Chocolate Day was celebrated in 2009.

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Sports – Daily Current Affairs July 07

2. Neeraj Chopra could be India’s flag bearer in which edition of CWG opening ceremony?
A) 23rd
B) 21st
C) 19th
D) 22nd
E) 20th
Answer: D) 22nd

• The Indian Olympic Association (IOA) may pick the 24-year-old Chopra to lead the country’s contingent during the inauguration of the 2022 CWG on July 28.
• 22nd Common Wealth Games in Birmingham, England.
• 3rd time in England and 7th time in UK.
• 21st CWG in Gold Coast, Queensland, Australia.

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Banking and Finance – Daily Current Affairs July 07

3. PNB Signed MoU with whom for ‘PNB RakshakPlus Scheme’?
A) Indian Air Force
B) Indian Army
C) Indian Navy
D) BSF
E) CRPF
Answer: A) Indian Air Force

• Punjab National Bank (PNB), the nation’s leading Public Sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide specially designed products to the defence personnel under the bank’s flagship scheme of ‘PNB Rakshak Plus’.
• This scheme includes, inter alia, personal accidental insurance, and air accidental insurance to serving, retired and trainees of the defence forces, central armed police forces, state police force, metro police and retired defence pensioners.
• The agreement was exchanged between Shri Atul Kumar Goel, MD & CEO of PNB, and Chief of Air Staff, Air Chief Marshal Vivek Ram Chaudhari, PVSM, AVSM, VM, ADC on behalf of the Indian Air Force in a ceremony at the Indian Air Force Auditorium in Delhi.

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4. HDFC Bank increased MCLR on loans by how many basis points?
A) 25
B) 5
C) 20
D) 15
E) 10
Answer: C) 20

• Private sector lender, HDFC Bank has raised its marginal cost of funds-based lending rate (MCLR) on loans across all tenures by 20 basis points (100 basis points = 1%), effective from July 7, 2022.
• This will raise the cost of housing, vehicle, personal, and other loans, and borrowers will see a rise in equated monthly instalments (EMI) for different types of loans.
• The overnight MCLR is now 7.70 percent, up from 7.50 percent previously.
• The MCLR for one month is 7.75 percent.
• The three-month and six-month MCLRs are 7.80 percent and 7.90 percent, respectively.
• The one-year MCLR, which is connected to many consumer loans, will now be 8.05 percent, the two-year MCLR will be 8.15 percent, and the three-year MCLR will be 8.25 percent.

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5. Canara Bank hiked MCLR by how many basis point?
A) 25
B) 5
C) 20
D) 15
E) 10
Answer: E) 10

• The bank has hiked MCLR by 10 basis points across all tenures.
• According to the bank website, the overnight MCLR is now 6.75 percent.
• The MCLR for one month will be 6.75 percent.
• The three-month and six-month MCLRs are 7.05 percent and 7.45 percent, respectively.
• The one-year MCLR, which is connected to many consumer loans, is now 7.50 percent.

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Business and Economy – Daily Current Affairs July 07

6. NCLAT asks IL&FS to distribute how many crores to financial creditors?
A) 1925
B) 1592
C) 1952
D) 1295
E) 1529
Answer: A) 1925

• The National Company Law Appellate Tribunal (NCLAT) has directed IL&FS to distribute Rs 1,925 crore to its financial creditors from the payments received in connection with the Gurgaon metro project.
• The appellate tribunal also made it clear that the distribution of the amount to the lenders will also be subject to the final resolution of the IL&FS companies concerned.
• The amount is part of the termination compensation received from two IL&FS subsidiaries and Special Purpose Vehicles (SPVs) — Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid Metro Rail Gurgaon South Limited (RMGSL) — from Haryana ShehariVikasPradhikaran (HSVP).
• The three entities and Haryana Mass Rapid Transport Corporation Ltd were part of the concession agreement for the Gurgaon metro project but the agreement was later terminated due to differences between IL&FS subsidiaries and the two Haryana government entities.
• Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid Metro Rail Gurgaon South Limited received Rs 638.01 crore and Rs 1,287.90 crore, respectively, as interim termination payments in their escrow accounts from HSVP, following the order of the Supreme Court.
• The total amount was Rs 2,407.40 crore.
• In the order, NCLAT has directed IL&FS to pay Rs 1,925 crore, which is 80 percent of the amount received from HSVP as interim termination payments to the financial creditors as per the interim distribution framework.
• A three-member NCLAT bench has passed the order on pleas by Canara Bank and Union Bank of India filed on behalf of IL&FS’ consortium of lenders.

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7. Cos with over how many crore annual turnover will soon have to generate GST e-invoices for B2B transactions?
A) 15
B) 25
C) 5
D) 20
E) 10
Answer: C) 5

• GST-registered businesses with an annual turnover of more than Rs 5 crore will soon have to generate electronic invoices for B2B transactions.
• Central Board of Indirect Taxes and Customs (CBIC) Chairman VivekJohri said the GST Council, comprising finance ministers of the Centre and states, had decided to implement it in a phased manner and with e-invoices being generated, for every B2B (Business-to-Business) transaction, invoice matching by tax authorities would not be required under Goods and Services Tax (GST).
• Currently, businesses with a turnover of over Rs 20 crore will have to generate e-invoices for B2B transactions.
• Under GST, e-invoicing for B2B transactions was made mandatory for companies with a turnover of over Rs 500 crore from October 1, 2020, which was then extended to those with a turnover of over Rs 100 crore from January 1, 2021.
• From April 1 last year, companies with turnover over Rs 50 crore were generating B2B e-invoices, and the threshold was brought down to Rs 20 crore from April 1, 2022.

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8. Mobile imports down by how many percent in FY22 as local production rises?
A) 19%
B) 21%
C) 50%
D) 47%
E) 33%
Answer: E) 33%

• The phased manufacturing programme and the production-linked incentive scheme have gone a long way to cut mobile imports that fell by 33 percent in fiscal 2022, and pushed local production up by around 26 per cent during the year.
• A Crisil report said that local production of mobile phones has been logging in a 33 per cent annual growth rate between fiscals 2016 and 2021, the pace of which slowed a tad in FY22 to 24-26 per cent.
• This growth is in spite of the ongoing chip shortage, and three of the global manufacturers met the PLI production targets in FY22.
• Crisil has projected the growth momentum in production to sustain, with a 22-26 per cent annual growth rate between fiscals 2022 and 2024 to Rs 4-4.5 lakh crore in value terms.
• Growth will be led by the PLI scheme, which is in the second year for most players.
• Mobile imports fell 33 per cent year-on-year in fiscal 2022 and the dependency on China came down to 60 per cent from 64 per cent in fiscal 2021, and the same is expected to fall further in the medium-term.

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9. Non-life insurance industry reports a 21% YoY growth in premiums in June
A) 19%
B) 21%
C) 50%
D) 47%
E) 33%
Answer: B) 21%

• The non-life insurance industry reported a 21 per cent year-on-year (YoY) growth in premiums in June, driven by healthy growth in premiums of private sector general insurers and standalone health insurers.
• Further, in April – June quarter (Q1FY23), the industry netted premiums to the tune of Rs 54,492 crore, up 23 per cent YoY over the corresponding period last year.
• In June, the gross direct premiums underwritten by the non-life insurers, which include general insurers, standalone health insurers, and specialised insurers, were to the tune of Rs 17,810.51 crore.
• General insurers, who operate in different lines of business such as motor, health, crop, etc., saw their premiums rise 19.93 per cent in the month to Rs 15,638.72 crore.
• Similarly, the five standalone health insurers saw their premiums rise by 32.85 per cent to Rs 2,004.77 crore.

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Appointments – Daily Current Affairs July 07

10. Who among the following will be new Sherpa of G-20?
A) MuraliIyer
B) Piyush Goyal
C) PC Kandpal
D) Amitabh Kant
E) PreetDhupar
Answer: D) Amitabh Kant

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Defence – Daily Current Affairs July 07

11. MoD approvedhow many private sector banks to provide financial services in overseas procurement?
A) 3
B) 5
C) 2
D) 4
E) 1
Answer: A) 3

• The defence ministry allowed three private sector banks to provide financial services to it for overseas procurement of military hardware.
• The banks are HDFC Bank Ltd, ICICI Bank and Axis Bank.
• Till now, only authorised public sector banks were utilised to provide services like issuance of letter of credit and direct bank transfers to the ministry for overseas procurement.

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National Affairs – Daily Current Affairs July 07

12. NHA on boarded how many lakh healthcare facilities in its registry under Ayushman Bharat Digital Mission?
A) 3
B) 5
C) 2
D) 4
E) 1
Answer: E) 1

• National Health Authority (NHA) said that more than one lakh government and private health care facilities have been successfully onboarded in the Health Facility Registry (HFR) of its flagship scheme Ayushman Bharat Digital Mission (ABDM).
• This historic milestone paves the way for the greater adoption of digital health platforms and services across the country.
• ABDM is the flagship scheme of government being implemented by the National Health Authority (NHA).
• Health Facility Registry (HFR) which is being built under the ABDM is a comprehensive repository of health facilities in the country across modern and traditional systems of medicine.
• It includes both public and private health facilities including hospitals, clinics, diagnostic laboratories and imaging centres.

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13. BHEL commissionedhow many MW floating Solar PV plant in Telangana?
A) 150
B) 250
C) 100
D) 50
E) 200
Answer: C) 100

• State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned a 100-MW floating Solar photovoltaic plant at NTPC Ramagundam in Telangana.
• With this, BHEL has achieved the unique distinction of commissioning three floating solar projects — 25 MW at NTPC Simhadri, 22 MW at NTPC Kayamkulam, and 100 MW at NTPC Ramagundam — in the last 10 months.
• Each one of them is unique in respect of its engineering and execution features.
• BHEL is the leading EPC player in the floating solar segment in the country.
• So far 152 MW of capacity has been commissioned, delivering plants on all kinds of water bodies — natural reservoirs, man-made reservoirs, and saline back-water kayaks.

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14. Government released list of how many beneficiaries under PLI scheme for drones?
A) 24
B) 23
C) 28
D) 25
E) 20
Answer: B) 23

• The Ministry of Civil Aviation released the second provisional list of 23 beneficiaries under the Production-Linked Incentive (PLI) scheme for promoting the manufacturing of drones and drone components in the country.
• The list released by the Ministry of Civil Aviation includes 12 drone manufacturers and 11 drone component manufacturers.
• The companies that have been shortlisted for incentives under the drone manufacturers category include, Aarav Unmanned Systems Asteria Aerospace, and Throttle Aerospace Systems from Bengaluru, Karnataka; Dhaksha Unmanned Systems and Garuda Aerospace from Chennai, Tamil Nadu; EndureAir Systems and Raphe Mphibr from Noida, Uttar Pradesh; Ideaforge Technology, Mumbai, Maharashtra; IoTechWorld Avigation and Omnipresent Robot Technologies from Gurugram, Haryana; and SagarDefence Engineering, Pune, Maharashtra.
• The companies shortlisted for incentives under the drone component manufacturers category include Absolute Composites, Bengaluru, Karnataka; Adani-Elbit Advanced Systems India, Hyderabad, Telangana; Adroitec Information Systems, New Delhi; Alpha Design Technologies, Bengaluru, Karnataka; Dynamake Engineering, Hyderabad, Telangana; Imaginarium Rapid, Mumbai, Maharashtra; SASMOS HET Technologies, Bengaluru, Karnataka; Servocontrols Aerospace India, Belagavi, Karnataka; Valdel Advanced Technologies, Bengaluru, Karnataka; ZMotion Autonomous Systems, Bengaluru, Karnataka; and Zuppa Geo Navigation Technologies, Chennai, Tamil Nadu.

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15. Govt asked companies to cut edible oils price by up to how many rupees per litre, maintain uniform MRP of same brand oil?
A) 15
B) 25
C) 5
D) 10
E) 20
Answer: D) 10

• Amid a fall in global prices, the government directed edible oil manufacturers to further cut the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week, and maintain a uniform MRP of the same brand of oil across the country.
• As India imports more than 60 per cent of its edible oil requirement, retail prices came under pressure in the last few months taking cues from the global market.
• However, there has been a correction, resulting fall in global prices.
• Edible oil makers had cut prices by up to Rs 10-15 per litre last month and prior to that had also reduced the MRP taking cues from the global market.
• Taking note of a further drop in global prices, Food Secretary Sudhanshu Pandey called a meeting of all edible oil associations and major manufacturers to discuss the current trend and pass on the falling global prices to consumers by reducing the MRP.

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16. How many crores six-lane tunnel project on Pune-Satara highway to be completed by 2023: Gadkari?
A) 926
B) 943
C) 962
D) 983
E) 958
Answer: A) 926

• The 6.43 km six-lane tunnel on the Pune-Satara highway being constructed at an estimated cost of Rs 926 crore is expected to be completed by March 2023, Union road transport and highways minister Nitin Gadkari.
• The new tunnel at KhambatkiGhat on National Highway-4 is a twin tunnel with three lanes each.
• The average travel time at Pune-Satara and Satara-Pune stretch through
• KhambatakiGhat is 45 minutes and 10-15 minutes, respectively.
• With the completion of this tunnel, the average travel time shall be reduced to 5-10 minutes.

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17. Agricultural exports touched how many lakh crores a good sign: Narendra Singh Tomar?
A) 4.75
B) 4
C) 3.5
D) 5
E) 3.75
Answer: E) 3.75

• The Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Toma rvirtually inaugurated the joint conference of the Indian Council for Research on International Economic Relations (ICRIER) and National Stock Exchange (NSE).
• India’s organic products are in demand across the world and despite the adverse conditions like corona epidemic, agricultural exports from India touching Rs. 3.75 lakh crores is a good sign.

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18. NTPC REL joined hands with GACL to set up India’s first commercial-scale green ammonia project in which of the following state?
A) Andra Pradesh
B) Madhya Pradesh
C) Gujarat
D) Bihar
E) Assam
Answer: C) Gujarat

• NTPC Renewable Energy Limited (NTPC REL), a fully-owned subsidiary of NTPC, signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) to collaborate in setting up India’s first commercial-scale Green Ammonia and Green Methanol projects.
• The MoU envisages collaborating in the field of Renewable Energy, Green Methanol & Green Ammonia and mutually exploring the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power and synthesizing 75 TPD Green Methanol and 35 TPD Green Ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.
• This would be the first commercial-scale Green ammonia and Green methanol project in the country.
• Gujarat Alkalies and Chemicals Limited (GACL), incorporated in March 1973, is a state-owned chemical manufacturing unit.
• GACL is one of the largest producers of Caustic Soda in India, with a production capacity of over 1400 TPD at their two complexes in Dahej and Vadodara.
• GACL has its subsidiary company viz. GACL-NALCO Alkalies and Chemicals Pvt. Ltd. (GNAL) putting up an 800 TPD Caustic Soda Plant together with a 130 MW T.

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19. PM Modi in Varanasi, inaugurated midday meal kitchen to around how many schools?
A) 250
B) 150
C) 300
D) 100
E) 200
Answer: B) 150

• Prime Minister Narendra Modi inaugurated the Akshaya Patra midday meal kitchen.
• During his visit, Modi will launch and lay foundation stone for development projects worth Rs 1,774 crore focused on improving infrastructure and ease of living.
• The kitchen at the LT College will cater to around 150 government schools and has the capacity of cooking mid-day meals for around one lakh students.
• He also inaugurated AkhilBharatiyaShikshaSamagam.
• Addressing the educationalists in Rudraksh Convention Centre in his Parliamentary Constituency, the Prime Minister said the New National Education Policy-2020 has been brought after broad deliberations.

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20. Continental plannedhow many crore foreign direct investment in Karnataka?
A) 500
B) 1500
C) 1250
D) 1000
E) 750
Answer: D) 1000

• Germany-based technology company Continental has planned to bring in foreign direct investment of around Rs 1,000 crore in India’s southern state Karnataka to boost innovation in software development, connected technologies and autonomous mobility for the global automotive industry.
• The proposed investment is intended at furthering the growth of the company’s Research & Development (R&D) unit and Technical Center India (TCI), which is expected to employ about 6,000 people.
• The company said it has made investments through FDI consistently over the past 10 years in India, and significantly in Karnataka.
• Investments for expansion and growth between 2018 and 2020 and for a Rs 200-crore greenfield plant in Pune are some of the recent investments by the company, it said, adding, Continental continues to create employment opportunities in Bengaluru through its manufacturing facility as well as the R&D centre.

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