Daily Current Affairs July 18

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July 18| Daily Current Affairs 2022

Important Days – Daily Current Affairs July 18

1. Nelson Mandela International Day is observed on?
A) July 16
B) July 14
C) July 18
D) July 15
E) July 17
Answer: C) July 18

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Sports – Daily Current Affairs July 18

2. VedaantMadhavan break the precious record in 1500m freestyle,previous record was made in which year?
A) 2017
B) 2015
C) 2013
D) 2012
E) 2014
Answer: A) 2017

• Maharashtra’s VedaantMadhavan rewrote the national record in 1500m freestyle event for group I boys at the ongoing Junior National Aquatic Championships.
• Leading the pack with good pace and an efficient stroke, Vedaant, son of actor R Madhavan, clocked 16:01.73 to erase his statemate Advait Page’s 2017 record of 16:06.43 seconds.

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Ranking – Daily Current Affairs July 18

3. India ranked which rank in ICC ODI Rankings?
A) 1st
B) 4th
C) 2nd
D) 5th
E) 3rd
Answer: E) 3rd

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Banking and Finance – Daily Current Affairs July 18

4. Yes Bank will invest how many crores in asset reconstruction company JC Flowers?
A) 250
B) 350
C) 550
D) 400
E) 500
Answer: B) 350

• Yes Bank will invest up to Rs 350 crore for a potential 20 percent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender’s bad loans worth Rs 48,000 crore.
• The private sector lender is planning to raise up to USD 1 billion in FY23 to bolster its core capital base once the NPA challenge is over, its managing director and chief executive Prashant Kumar.
• The bank’s core equity ratio stands at 11.5 percent right now and will go to over 14 percent after the capital raise, he said, adding that even though the market conditions are not conducive right now, it would like to conclude the process in FY23 itself.

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5. Bank of Maharashtra earned a profit of how many crores in first Quarter?
A) 620
B) 350
C) 347
D) 452
E) 248
Answer: D) 452

• Bank of Maharashtra’s net profit more than doubled to Rs 451.90 crore in the April-June quarter compared to Rs 208.01 crore in the year-ago quarter.
• Total income during April-June 2022-23 fell to Rs 3,774.32 crore from Rs 3,790.72 crore in the same quarter of 2021-22, the state-owned bank said in a regulatory filing.
• The bank’s asset quality improved with the gross non-performing assets falling to 3.74 per cent of the gross advances as of June 30, 2022, as against 6.35 per cent in the year-ago period.
• In value terms, gross NPAs stood at Rs 5,259.62 crore by Q1FY23, down from Rs 7,021.63 crore by Q1FY22.
• The net NPAs came down to 0.88 per cent (Rs 1,206.43 crore) from 2.22 per cent (Rs 2,352.75 crore).
• Provisions for bad loans and contingencies for the quarter fell to Rs 548.41 crore from Rs 753.10 crore in the same quarter of FY22.
• The Pune-based lender said there was an impact due to change in accounting policy, resulting in decrease in other income and net profit after tax by Rs 22.03 crore during the quarter ended June 30, 2022.
• Provision coverage ratio (PCR) as of June 30, 2022 is 95.04 per cent, Bank of Maharashtra said Shares of the bank were trading higher by 4.66 per cent at Rs 16.85.

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6. RBI wanted the government to prohibit cryptocurrencies, cryptocurrency invented in which year?
A) 2008
B) 2015
C) 2009
D) 2005
E) 2010
Answer: A) 2008

• Finance Minister Nirmala Sitharaman said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilizing effects on monetary and fiscal stability.
• RBI had registered its concern over the adverse effect of cryptocurrencies on the Indian economy.
• The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government.

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Business and Economy – Daily Current Affairs July 18

7. Pre-packed, labelled cereals, pulses, flour weighing more than how many kilograms will not attract 5 % GST?
A) 35
B) 20
C) 25
D) 30
E) 50
Answer: C) 25

• The Central Board of Indirect Taxes and Customs issued FAQs clarifying various doubts and said only pre-packed items up to 25 kg will attract 5 per cent GST but if retail shopkeeper supplies in loose quantity the item bought from a manufacturer or a distributor in a 25-kg pack, such sale to consumers will not attract GST.
• As per the FAQs, pre-packaged and labelled food items (such as pulses, cereals like rice, wheat, flour etc), would fall within the purview of the definition of ‘pre-packaged commodity’ under the Legal Metrology Act, 2009 if such packages contain a quantity up to 25 kilogram (or 25 litres).

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8. Retail businesses witnessed how many percent in June 2022?
A) 17 %
B) 9 %
C) 15 %
D) 20 %
E) 13 %
Answer: E) 13 %

• Retail businesses across India witnessed 13 per cent sales growth in June compared to the pre-pandemic levels of the same month in 2019, Retailers Association of India.
• As per RAI’s latest business survey, retail businesses in the eastern region posted the highest growth last month, with a rise of 17 per cent over June 2019, followed by the north at 16 per cent, west at 11 per cent and south at 9 per cent.
• In terms of categories, as per the RAI survey, sports goods grew 29 per cent last month against June 2019, followed by jewellery at 27 per cent, consumer durables and electronics, and quick service restaurants at 16 per cent each.
• Apparel and clothing and footwear categories saw growth of 14 per cent each last month over June 2019.

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9. Flipkart inked pact with which state to launch skill training initiative?
A) Andra Pradesh
B) Bihar
C) Assam
D) Odisha
E) Madhya Pradesh
Answer: B) Bihar

• E-commerce marketplace Flipkart announced it has inked a pact with the Bihar State Skill Development Mission to launch the initiatives of the Supply Chain Operations Academy (SCOA) in the state.
• The initiative is aimed at creating a pool of skilled supply chain operations talent and impart relevant industry training and knowledge.
• This will help bridge the skill gap and create job opportunities in the expanding supply chain industry in the country.

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Acquisitions and Mergers – Daily Current Affairs July 18

10. IIM Lucknow EIC will buy stake in Just Rojgar for how many crores?
A) 50-40
B) 60-70
C) 90-100
D) 75-80
E) 30-20
Answer: D) 75-80

• IIM Lucknow’s start-up incubation arm IIML-EIC is in advance stages of discussion with edtech firm Just Rojgar to buy a small stake in the company at an enterprise valuation of Rs 75-80 crore as part of its seed funding round.

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Appointments – Daily Current Affairs July 18

11. Batra resigned as president of International Hockey Federation, he became president in which year?
A) 2017
B) 2014
C) 2015
D) 2019
E) 2020
Answer: A) 2017

• Veteran sports administrator Narinder Batra resigned as President of the International Hockey Federation (FIH) and also gave up his membership in the International Olympic Committee (IOC).
• He won back in 2017.

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Science and Technology – Daily Current Affairs July 18

12. IISc established viral genome sequencing lab in which of the following city?
A) Pune
B) Hosur
C) Bangalore
D) Hyderabad
E) Mysore
Answer: C) Bangalore

• The Indian Institute of Science has established a Viral Genome Sequencing Lab at its Centre for Infectious Disease Research (CIDR) in Bangalore.
• The lab will focus on studies related to the SARS-CoV-2 virus, including continuous surveillance and tracking of virus mutations and variants, the Bengaluru-based IISc.

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Defence – Daily Current Affairs July 18

13. INS Sindhudhvaj submarine decommissioned after how many years of service?
A) 60
B) 45
C) 50
D) 40
E) 35
Answer: E) 35

• The Indian Navy’s submarine INS Sindhudhvaj was decommissioned after 35 years of service.
• Commissioned in 12 June 1987
• Decommissioned in 16 July 2022

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14. IAF committed to induct how many LCA Mark2 fighter jets?
A) 10
B) 6
C) 4
D) 8
E) 5
Answer: B) 6

• Indian Air Force has already given commitment for the induction of six squadrons of Light Combat Aircraft Mark 2 fighter jets.
• The IAF has already placed orders for four squadrons of the LCA Mark 1A and has committed towards inducting at least seven squadrons of the fifth-generation Indian fighter Advanced Medium Combat Aircraft (AMCA) which is also progressing very fast.
• The LCA Mark 2 fighter is intended to be the replacement for the Mirage 2000 and Jaguar fighters when they are due for phasing out after a decade.

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International Affairs – Daily Current Affairs July 18

15. Renewable energy firm GreenZo Energy will setup 50MW hydal plant in which of the following country?
A) Bhutan
B) China
C) Pakistan
D) Nepal
E) Myanmar
Answer: D) Nepal

• Home-grown renewable energy player GreenZo Energy will set up green hydrogen capacities totaling 50 megawatts (MW) at various locations in Nepal.
• The capacities will be set up for Nepal’s API Power which will invest Rs 1,000 crore in the project, GeenZo.
• Greeno Energy has signed a Memorandum of Understanding (MoU) with API Power to develop 50-MW green hydrogen plants that can generate 4,000-MT hydrogen annually, within a span of three years.
• The pilot hydro project of 1-MW, as agreed by both the companies, will take off at 8.5 MW Naugarh Gad Hydroelectric Project.

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National Affairs – Daily Current Affairs July 18

16. NITI Aayog and WFP will launch Initiative on mainstreaming millets in Asia and Africa, Niti Aayog formed in which year?
A) 2015
B) 2014
C) 2016
D) 2017
E) 2018
Answer: A) 2015

• NITI Aayog and the World Food Programme, India will launch the Mapping and Exchange of Good Practices initiative for mainstreaming millets in Asia and Africa in a hybrid event.
• NITI Aayog and WFP will prepare a compendium of good practices for scaling up the production and consumption of millets in India and abroad.
• The event will be inaugurated by NITI Aayog Vice Chairman Suman Bery.

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17. How many Pradhan Mantri Kaushal Kendras allocated across the country to promote model training?
A) 863
B) 845
C) 818
D) 820
E) 816
Answer: C) 818

• The Government said 818 Pradhan Mantri Kaushal Kendras (PMKKs) have been allocated across the country to promote model training.
• In a written reply in Lok Sabha, Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar said out of total 818 allocated PMKKs, 722 PMKKs have been established covering 707 districts in 36 States and Union Territories.
• Over 71 lakh candidates have been trained during the last three years under Pradhan Mantri Kaushal Vikas Yojana in the country.

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18. Centre to introduce how many bills in this monsoon session?
A) 25
B) 16
C) 20
D) 17
E) 24
Answer: E) 24

• The Monsoon Session of Parliament will begin with the election for the 15th President of India.
• During the session, the Centre is likely to announce 24 Bills including the Press Registration Periodicals Bill, 2022.
• While the Opposition has listed 16 issues that include; Federalism coming under strain; the Agnipath scheme; rising prices and uncontrolled inflation for discussion during the monsoon session.

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19. National highway construction likely to be reach around how many km/day in this financial year?
A) 29-32
B) 32-34
C) 24-28
D) 30-35
E) 37-40
Answer: B) 32-34

• India’s national highway construction will likely reach only 32-34 km per day during the current financial year as input prices are expected to remain elevated, rating agency Crisil.
• India’s national highway construction slowed to 28.64 km a day in 2021-22, due to COVID-19 pandemic-related disruptions and a longer-than-usual monsoon in some parts of the country.
• The pace of national highway (NH) construction in the country had touched a record 37 km per day in 2020-21.
• Crisil said National highway projects hit a speed bump in the first quarter of this fiscal, with awarding by the Ministry of Road Transportation and Highways (MoRTH), including the National Highways Authority of India (NHAI), falling a sharp 42 percent on-year to 969 km.
• Construction also slackened, down 14 percent on year to 1,966 km, translating to 22 km per day, as a surge in input prices led to developers delaying procurement of materials.
• According to the report, against this backdrop, awarding would need to scale up significantly in the next nine months to achieve the ministry’s ambitious target of constructing 50 km per day.
• The outlook, though, remains positive, it said, adding that project awarding had touched a high of 12,731 km last year.
• This fiscal, Crisil said it estimates the ministry to award 12,000-13,000 km of national highway projects, largely under Bharatmala, with uptake spurred by developer-friendly measures under Atmanirbhar Bharat that have been extended till October 2022.

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