Daily Current Affairs July 08

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 08. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

July 08| Daily Current Affairs 2022

Sports – Daily Current Affairs July 08

1. Which of the following state will be host for National Games from Sep 27?
A) Gujarat
B) Telangana
C) Odisha
D) Chhattisgarh
E) Assam
Answer: A) Gujarat

• Gujarat Chief Minister Bhupendra Patel announced that the state will host the 36th edition of the National Games between September 27 and October 10.
• This is for the first time that Gujarat will be hosting this prestigious event, state Principal Secretary for Sports, Youth and Cultural Activities Department, Ashwani Kumar.

---

2. Sports Ministry launchedhow many new initiatives of his department?
A) 1
B) 4
C) 3
D) 5
E) 2
Answer: C) 3

• Deserving athletes and former sportspersons will now not be required to run after national federations and government offices to get their rewards and dues as the Sports Ministry has made the processes online.
• Sports Minister Anurag Thakur launched three major initiatives of his department — online portal for schemes of department of sports, national sports development fund (NSDF) website and revised scheme of cash award, national welfare and pension to sportspersons.
• While active athletes who seek recognition and rewards from the government can now apply online on the portal of department of sports, corporates, PSUs and individuals can contribute to NSDF fund on its newly-built website.

---

3. Rohit Sharma became first captain to record how many successive T20I wins?
A) 18
B) 10
C) 15
D) 20
E) 13
Answer: E) 13

• India skipper Rohit Sharma became the first captain in cricketing history to win 13 consecutive T20Is.
• Rohit achieved this feat during the first T20I match of the three-match series against England, here at Southampton.
• After taking over the captaincy from ViratKohli, Rohit Sharma took the Men in Blue to victory against New Zealand, West Indies, Sri Lanka, and now England.

---

Obituary – Daily Current Affairs July 08

4. Shinzo Abe assassinated while making election campaign speech,he was former PM of which of the following country?
A) Indonesia
B) Japan
C) China
D) South Korea
E) Singapore
Answer: B) Japan

• Former Prime Minister Shinzo Abe, Japan’s longest-serving leader, died after he was shot while campaigning for a parliamentary election, shocking a country where political violence is rare and guns are tightly controlled.

---

Banking and Finance – Daily Current Affairs July 08

5. Which of the following bank and Shriram Gen Insurance tied up for distribution of products?
A) State Bank of India
B) HDFC Bank
C) Axis Bank
D) City Union Bank
E) KarurVysya Bank
Answer: D) City Union Bank

• City Union Bank and Shriram General Insurance signed a corporate agency agreement, for the distribution of the latter’s products through the bank’s network of 727 branches across the country.
• Under the agreement, Shriram General Insurance will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to the bank’s customers.

---

6. Which of the following bank offer RD rate of 5.50% for 5 years or more?
A) State Bank of India
B) HDFC Bank
C) Axis Bank
D) City Union Bank
E) KarurVysya Bank
Answer: A) State Bank of India

• State Bank of India offers RD interest rates that are the same as term deposit rates for a minimum of 12 months and a maximum of 120 months.
• SBI offers 5.50 percent interest on maturities of 5 years or more, and 5.45 percent on terms of 3 to 5 years.

Post Office recurring deposit interest rates:

• India Post office offers recurring deposits at an interest rate of 5.8 percent for a fixed tenure of 5 years (60 months) for the July-September quarter for the current fiscal.
• While it can be extended for another 5 years by submitting an application to the relevant Post Office.
• The interest rate applicable throughout the extension will be the same as when the account was first opened.

HDFC Bank recurring deposit interest rates:

• HDFC Bank offers RD facility from 6 months to 120 months with interest rates varying from 3.75 percent to 5.75 percent.
• The rate offered by HDFC Bank for a 5-year or 60-month term is 6.70 percent.

ICICI Bank recurring deposit interest rates:

• The ICICI Bank recurring deposit feature is available for periods ranging from six months to ten years.
• The interest rate offered by ICICI Bank for an RD with a period of three to five years is 5.70 percent, while the rate above that is 5.75 percent.

---

7. Which of the following bank signed MoU with Indian Air Force to manage salary accounts under ‘Power Salute’?
A) State Bank of India
B) HDFC Bank
C) Axis Bank
D) City Union Bank
E) KarurVysya Bank
Answer: C) Axis Bank

• Private sector lender Axis Bank has signed MoU with the Indian Air Force (IAF) to manage salary accounts of the defense personnel.
• Offering benefits and features to Air Force personnel under its ‘Power Salute’ initiative, Axis Bank said it will offer numerous benefits to all ranks of the defence staff, including veterans, cadets/recruits.
• The salary account offered by Axis Bank will have benefits such as personal accidental cover of up to Rs 56 lakh, total permanent disability cover benefit of Rs 46 lakh, air accident cover of Rs 1 crore among others.
• There will be no processing fee to open the account, while as many as 12 EMI waivers will be given on home loans.

---

8. Which of the following Bank revised interest rates on fixed deposits 3.25% for 7 t0 45 days?
A) State Bank of India
B) HDFC Bank
C) Axis Bank
D) City Union Bank
E) KarurVysya Bank
Answer: E) KarurVysya Bank

• The interest rates on fixed deposits below ₹2 crore have been revised by private sector lender KarurVysya Bank.
• The bank’s official website states that the new rates are effective as of today, 8/7/2022.
• In accordance with the revised, the bank is currently giving an interest rate on deposits maturing in 7 days to 6 years and above of 3.25 per cent to 6 per cent to the general public and 6.05 per cent to 6.50 per cent to senior citizens.
• The bank is now giving a 3.25 per cent interest rate on deposits that mature in 7 days to 45 days, while KarurVysya Bank is also guaranteeing a 3.50 per cent interest rate on term deposits that mature in 46 days to 90 days.
• The interest rate on fixed deposits offered by KarurVysya Bank is now 3.75 per cent for deposits maturing in 91 days to 120 days and 4.00 per cent for deposits maturing in 121 days to 180 days.
• Fixed deposits that mature between 181 and 270 days from now on will earn interest at a rate of 4.75 per cent, while term deposits that mature between 271 and less than a year from now on will earn interest at a rate of 5 per cent.

---

Business and Economy – Daily Current Affairs July 08

9. Tata Power to spend how many crores in next five years on renewables?
A) 30000
B) 50000
C) 25000
D) 75000
E) 45000
Answer: D) 75000

• Tata Power, one of India’s largest power generation companies, has lined up a capital expenditure of ₹75,000 crore for renewable energy over the next five years, Chairman, N Chandrasekaran said to shareholders at the company’s 103 rd annual general meeting.
• The focus on renewable energy sector has led to steady growth of India’s renewable energy capacity over the years, crossing the 100 GW mark in FY22, with share of renewable based capacities moving up from 12 per cent in FY12 to 28 per cent in FY22, mainly driven by solar.

---

Acquisitions and Mergers – Daily Current Affairs July 08

10. Which of the following bank acquired DLL India’s agri and healthcare portfolio?
A) Kotak Mahindra Bank
B) HDFC Bank
C) Axis Bank
D) City Union Bank
E) KarurVysya Bank
Answer: A) Kotak Mahindra Bank

• Private lender Kotak Mahindra Bank (KMBL) announced to have acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India).
• Over the next few months, the operations of DLL India Acquired Portfolio will be transitioned to Kotak Mahindra Bank in a planned manner, while until then it will be managed by DLL India.
• With the acquisition, Kotak will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around ₹582 crore — equivalent to €69.8 million.

---

Appointments – Daily Current Affairs July 08

11. Who among the following appointed as Deputy Election commissioner?
A) SanjivPuri
B) R Dhinesh
C) RK Gupta
D) Jasmine Lee
E) Rohini Bhatia
Answer: C) RK Gupta

---

12. Who among the following resigned from IndiGo board?
A) SanjivPuri
B) R Dhinesh
C) RK Gupta
D) Jasmine Lee
E) Rohini Bhatia
Answer: E) Rohini Bhatia

• Interglobe Aviation the operator of IndiGo Airline, informed on July 8 that Rohini Bhatia has resigned from the Board of Directors of the Company, with effect from July 11, 2022.
• Rohini Bhatia is the Chairperson of the CSR committee of the Company.
• She is also the Chairperson of InterGlobe Foundation, the philanthropic arm of InterGlobe Group.

---

International Affairs – Daily Current Affairs July 08

13. Gita Gopinath became ___ Indian to feature on IMF’s ‘wall of former chief economists’?
A) 4
B) 2
C) 5
D) 1
E) 3
Answer: B) 2

• India-born Gita Gopinath became the first woman and second Indian to feature on the ‘wall of former chief economists’ of the International Monetary Fund (IMF).
• The first Indian to achieve the honour was RaghuramRajan who was Chief Economist and Director of Research of IMF between 2003 and 2006.
• Gopinath was appointed as IMF Chief Economist in October 2018 and was later promoted as the IMF’s First Deputy Managing Director in December last year.

---

National Affairs – Daily Current Affairs July 08

14. Which of the following state spentRs 58,000 cr on ‘RythuBandhu’ scheme?
A) Gujarat
B) Telangana
C) Odisha
D) Chhattisgarh
E) Assam
Answer: B) Telangana

• The Telangana government has so far deposited Rs 57,956 crore under nine tranches of its flagship ‘Rythubandhu’ scheme, a welfare programme meant to incentivise state’s farmers for their work.
• The K Chandrashekar Rao-led government in its first term (2014-2018) waived Rs 22,000 crore farm loans of 41.46 lakh farmers.
• With constant push by the state government, the irrigable land grew to 2.16 crore acres.
• The state government has been spending Rs 10,000 crore per annum to provide free 24 hour quality power to farmers and so far over Rs 36,000 crore has been spent to strengthen power transmission system.
• The state has emerged as top producer of cotton even as it is competing with Punjab in the case of paddy production.

---

15. Which of the following state government approved EV policy 2022 to encourage adoption of EVs?
A) Gujarat
B) Telangana
C) Odisha
D) Chhattisgarh
E) Assam
Answer: D) Chhattisgarh

• Aiming to make Chhattisgarh an Electronic Vehicle manufacturing hub, the state government approved Chhattisgarh Electric Vehicle (EV) Policy 2022.
• Through this policy, the state government has set a target to make the state an EV manufacturing hub resulting in huge employment generation across the state and protecting the environment as well.
• To encourage people to opt for electric vehicles, the state government has announced 100 per cent state GST (SGST) reimbursement and the registration fees on the sale of electric buses and electric goods carriages sold and registered in the State during the policy period.
• The government also announced to reimburse the SGST for EV manufacturing (during the policy period) as well.

---

16. How many percent of loans given to street vendors turned bad loans?
A) 12-13%
B) 11-12%
C) 14-15%
D) 11-13%
E) 10-15%
Answer: A) 12-13%

• Union housing and urban affairs minister Hardeep Singh Puri said that only 12-13 per cent of loans disbursed to street vendors under the Prime Minister’s Street Vendors AtmaNirbhar Nidhi (PM-SVANidhi) scheme became Non-Performing Assets (NPAs).
• The scheme facilitates collateral-free working capital loan up to Rs 10,000 for one year, with enhanced loan of Rs 20,000 and Rs 50,000 in the second and third term, respectively on repayment of earlier loans to enable business expansion.
• In a statement, the ministry said that 53.7 lakh eligible applications have been received so far under the scheme. Out of these, 36.6 lakh loans have been sanctioned and 33.2 lakh loans have been disbursed.
• The total amount disbursed so far is Rs 3,592 crore and about 12 lakh street vendors have repaid their first loan.
• Asked about the NPAs under the scheme, Puri at a press conference said they were 12-13 per cent, which is not something to worry about.
• The ministry of housing and urban affairs is also organising ‘SVANidhiMahotsav’ — a cultural festival for celebrating the success of PM SVANidhi Scheme and the beneficiary street vendors and their families from July 9-31, 2022 in 75 cities across 33 states and Union Territories.

---

17. Ministry of Environment, Forest and Climate Change celebrated ‘HariyaliMahotsav’ – the Tree festival in which of the following state/UT?
A) Ladakh
B) Rajasthan
C) New Delhi
D) Punjab
E) Jammu and Kashmir
Answer: C) New Delhi

• Ministry of Environment, Forest and Climate Change celebrated the ‘HariyaliMahotsav’ – the Tree festival – in New Delhi.
• Commemorating the 75th year of ‘AzadiKaAmritMahotsav’, this year, the festival aims to create awareness about the importance of trees and green cover to protect the environment against air pollution and global warming.
• The festival involves plantation activities at 75 Nagar Vans, 75 kilometers of road length around 75 Police institutions, in 75 schools in Delhi, and 75 degraded sites across the country.

---

18. Which of the following country to assume Presidency of G-20 from December this year?
A) Japan
B) UK
C) China
D) USA
E) India
Answer: E) India

• External Affairs Ministry India will assume the Presidency of the G-20 from December this year.
• Briefing media in New Delhi this evening, Ministry spokesperson ArindamBagchi said that apart from the Summit which India will host next year, a large number of G-20 events at different levels will be organised across the country during India’s Presidency.

---

19. Who among the following chaired meeting of Apex Monitoring Authority of National Industrial Corridor Development programme?
A) Defence Minister
B) Finance Minister
C) Prime Minister
D) External Affairs Minister
E) Home Minister
Answer: B) Finance Minister

• Finance Minister Nirmala Sitharaman chaired the first meeting of the Apex Monitoring Authority constituted to review the activities of National Industrial Corridor Development programme.
• Addressing the meeting, MsSitharamanemphasised upon the need to ensure optimal utilization of resources.
• She said Prime Minister’s GatiShakti National Master Plan was expected to bring about greater coherence in all investments in infrastructure projects.
• She asked NITI Aayog to map all the different projects such as Industrial , Freight and Defence Corridors, PM-Mitra parks, Medical, Pharma and Logistic Parks to understand the need for bringing them under PM GatiShakti.
• The Finance Minister also asked the Shipping Ministry to map out all the sea ports connected to various industrial corridors to see whether there are meaningful linkages.
• Commerce and Industry Minister Piyush Goyal asked states to focus on attracting investors in Industrial Corridors.
• He said fast allotment of land must be ensured and land should be provided at reasonable rates.

---

20. Power Grid to invest over how many crores in transmission projects?
A) 2900
B) 5600
C) 6700
D) 4800
E) 3400
Answer: D) 4800

• State-run Power Grid that its board has approved a slew of proposals including investing ₹4,860.06 crore in three transmission projects, as well as forming a JV company with the Nepal Electricity Authority (NEA).
• Investment approval for transmission network expansion in Gujarat to increase ATC from ISTS: Part B at an estimated cost of ₹4,546.26 crore scheduled to be commissioned by June 2023.
• Investment approval for transmission network expansion in Gujarat to increase ATC from ISTS, Part C at an estimated cost of ₹186.19 crore scheduled to be commissioned matching with establishment of 400/ 220kV Prantij S/s and 400kV Sankhari- Prantij D/c line by GETCO.
• It is presently expected to be completed by March 2025.

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs July 07