Current Affairs Today 2024: Daily Current Affairs News

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July 12 | Daily Current Affairs 2024

Important Days – Daily Current Affairs July 12

1. On which date will “Samvidhaan Hatya Diwas” be observed, as announced by the Indian Government in 2024?
A) March 21
B) June 4
C) June 25
D) July 12
E) August 15
Answer: C) June 25

Event and Location:

  • Event: Declaration of June 25 as ‘Samvidhaan Hatya Diwas’
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: To commemorate the struggles and suffering caused by the Emergency imposed on June 25, 1975.
  • Mandates:
    • Recognize and pay tribute to those who fought against the abuse of power during the Emergency.
    • Serve as a reminder of the importance of protecting democratic values and the Constitution.

Important Terms Explained:

  • Emergency: A period from June 25, 1975, to March 21, 1977, when the Indian government, led by then Prime Minister Indira Gandhi, suspended civil liberties, arrested political opponents, and restricted press freedom.
  • Samvidhaan Hatya Diwas: Translates to ‘Murder of Constitution Day,’ marking the anniversary of the Emergency declaration to honor those who resisted the authoritarian measures.

Static GK Information:

Titbits

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Prime Minister: Narendra Modi

Tabular Summary:

Event Details
Event Name Samvidhaan Hatya Diwas
Date June 25
Announced by Union Home Minister Amit Shah
Significance To commemorate the struggles and suffering during the Emergency period
Objective To pay tribute to those who fought against the abuse of power during the Emergency and to remind the public of the importance of upholding democratic values.
Remarks by PM Prime Minister Narendra Modi stated that it serves as a reminder of the importance of protecting the Constitution.
Opposition’s Reaction Congress leader Jairam Ramesh called it a publicity stunt by the BJP government.

Sports – Daily Current Affairs July 12

2. Who won the men’s singles title at the 2024 BWF Reunion Open?
A) Julien Maio
B) Tharun Mannepalli
C) William Villeger
D) Yudai Okimoto
E) Prakash Raj
Answer: B) Tharun Mannepalli

Event and Location:

  • Event: 3rd BWF Saint-Denis Reunion Open 2024
  • Location: Saint-Denis, Réunion

Mandates and Objectives:

  • Objective: To compete and win titles in badminton singles and doubles categories.
  • Mandates:
    • Compete in men’s singles, women’s singles, and men’s doubles.
    • Achieve high performance and secure titles for India.

Important Terms Explained:

  • Saint-Denis Reunion Open: An international badminton tournament held in Saint-Denis, Réunion, part of the BWF calendar.
  • Badminton World Federation (BWF): The international governing body for the sport of badminton, established as the International Badminton Federation (IBF) in 1934 and renamed in 1981.

Static GK Information:

Titbits

Badminton World Federation (BWF):

  • Founded: 1934 (as IBF)
  • Headquarters: Kuala Lumpur, Malaysia
  • President: Poul Erik Hayer Larsen
  • Members: 201 member associations

Tabular Summary:

Event Details
Event Name 3rd BWF Saint-Denis Reunion Open 2024
Date July 3-7, 2024
Location Saint-Denis, Réunion
Men’s Singles Winner Tharun Mannepalli (India)
Women’s Singles Winner Tasnim Mir (India)
Men’s Doubles Runner-up Prakash Raj and Gouse Malik (India)
Men’s Doubles Winners Julien Maio and William Villeger (France)
Prize Money USD 25,000
Tournament Level Grade 3 international tournament
Organizer Badminton Confederation Africa

 

Banking and Finance – Daily Current Affairs July 12

3. What new security feature did Punjab National Bank (PNB) introduce to enhance internet and mobile banking security?
A) Two-factor authentication
B) Biometric verification
C) Safety Ring mechanism
D) Secure SMS alerts
E) Face recognition technology
Answer: C) Safety Ring mechanism

Event and Location:

  • Event: Introduction of ‘Safety Ring’ mechanism by Punjab National Bank (PNB)
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: To enhance security for internet and mobile banking users by minimizing potential losses from unauthorized access.
  • Mandates:
    • Allows customers to set daily transaction limits on term deposits (TDs).
    • Prevent unauthorized use by consolidating limits across digital channels.
    • Provides an additional security layer against cyber frauds.

Important Terms Explained:

  • Safety Ring: An optional feature introduced by PNB allowing customers to set a daily transaction limit on term deposits, preventing unauthorized closures or overdrafts beyond the set limit.
  • Term Deposits (TDs): Fixed-term investments offered by banks where money is deposited for a specific period and earns a fixed interest rate.

Static GK Information:

Titbits

Punjab National Bank (PNB):

  • Founded: 1894
  • Headquarters: New Delhi, India
  • MD and CEO: Atul Kumar Goel
  • Tagline: The Name You Can Bank Upon

Tabular Summary:

Event Details
Event Name Introduction of ‘Safety Ring’ Mechanism
Date July 12, 2024
Announced by Punjab National Bank (PNB)
Purpose Enhance security for internet and mobile banking users
Functionality Allows setting daily transaction limits on term deposits
Objective Minimize potential losses from unauthorized access
Security Layer Provides an additional safety layer against cyber frauds
Optional Feature Yes, customers can choose to set their own transaction limits
Impact Prevents unauthorized closures or overdrafts of term deposits beyond set limits

Business and Economy – Daily Current Affairs July 12

4. When did the public subscription for the Kotak BSE PSU Index Fund open?
A) July 06, 2024
B) July 10, 2024
C) July 24, 2024
D) August 06, 2024
E) August 24, 2024
Answer: B) July 10, 2024

Event and Location:

  • Event: Launch of the Kotak BSE PSU Index Fund
  • Location: India

Mandates and Objectives:

  • Objective: To provide returns that correspond to the total returns of the securities represented by the BSE PSU Index, subject to tracking errors.
  • Mandates:
    • The scheme aims for long-term capital growth.
    • It seeks returns corresponding to the performance of the BSE PSU Index.
    • The scheme offers broad exposure to the public sector undertaking (PSU) segment, allowing passive participation in the sector’s potential.

Important Terms Explained:

  • Kotak BSE PSU Index Fund: An open-ended mutual fund scheme launched by Kotak Mahindra Mutual Fund to replicate/track the BSE PSU Index.
  • BSE PSU Index: An index designed to measure the performance of public sector undertakings in India.

Static GK Information:

Titbits

Kotak Mahindra Mutual Fund:

  • Founded: 1998
  • Headquarters: Mumbai, Maharashtra, India
  • MD and CEO: Nilesh Shah
  • Tagline: Think Investments. Think Kotak.

Tabular Summary:

Event Details
Event Name Launch of Kotak BSE PSU Index Fund
Subscription Opens July 10, 2024
Subscription Closes July 24, 2024
Scheme Re-opens On or before August 06, 2024
Type of Scheme Open-ended scheme replicating/tracking BSE PSU Index
Investment Objective Provide returns corresponding to the BSE PSU Index performance
Minimum Investment ₹100 per plan/option
Fund Managers Devender Singhal, Satish Dondapati, Abhishek Bisen (debt securities)
Risk Level Very High Risk

 

Awards – Daily Current Affairs July 12

5. Which award did the Andhra Pradesh Community Managed Natural Farming (APCNF) initiative win in 2024?
A) Nobel Prize
B) Pulitzer Prize
C) Gulbenkian Prize for Humanity
D) Grammy Award
E) Oscar Award
Answer: C) Gulbenkian Prize for Humanity

Event and Location:

  • Event: APCNF wins the Gulbenkian Prize for Humanity
  • Location: Lisbon, Portugal

Mandates and Objectives:

  • Objective: To recognize contributions to global food security, climate resilience, and ecosystem protection.
  • Mandates:
    • Support smallholder farmers to switch from chemically intensive agriculture to natural farming.
    • Improve soil health through organic residues and minimize tillage.
    • Reintroduce indigenous seeds and diversify crops, including trees.

Important Terms Explained:

  • Gulbenkian Prize for Humanity: An award by the Calouste Gulbenkian Foundation recognizing efforts in global food security, climate resilience, and ecosystem protection.
  • APCNF (Andhra Pradesh Community Managed Natural Farming): An initiative promoting natural farming methods to support sustainable agriculture and climate resilience.
  • RySS (Rythu Sadhikara Samstha): A state-government agency of Andhra Pradesh responsible for implementing the APCNF initiative.

Static GK Information:

Titbits

Andhra Pradesh:

  • Capital: Amaravati
  • Chief Minister: Y. S. Jagan Mohan Reddy
  • Governor: S. Abdul Nazeer

Tabular Summary:

Event Details
Event Name APCNF wins Gulbenkian Prize for Humanity
Date July 12, 2024
Announced by Calouste Gulbenkian Foundation (CGF)
Prize Money €1 million
Recipients APCNF, soil scientist Rattan Lal, Egypt-based SEKEM
Objective Promote global food security, climate resilience, and ecosystem protection
Key Figures Nagendramma Nettem (farmer), Vijay Kumar (RySS Chief)
Significance Recognizes the success and impact of natural farming practices
Future Plans Use prize money to promote natural farming internationally

6. Which state was adjudged the best in horticulture at the Agriculture Leadership Awards 2024?
A) Punjab
B) Maharashtra
C) Kerala
D) Nagaland
E) Gujarat
Answer: D) Nagaland

Event and Location:

  • Event: Agriculture Leadership Awards 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: To recognize excellence and leadership in agriculture and rural development.
  • Mandates:
    • Awarded for outstanding work in horticulture development.
    • Focus on introducing innovative programmes and policies that benefit farmers and rural people.

Important Terms Explained:

  • Agriculture Leadership Awards: Annual awards instituted in 2008 to recognize excellence in agriculture and rural development.
  • Geographical Indication (GI) Registration: A status given to certain products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.

Static GK Information:

Titbits

Nagaland:

  • Capital: Kohima
  • Chief Minister: Neiphiu Rio
  • Governor: La. Ganesan

Tabular Summary:

Event Details
Event Name Agriculture Leadership Awards 2024
Date July 12, 2024
Awarded to Nagaland
Category Best State in Horticulture
Award Received by Salhoutuonuo Kruse, Minister for Women Resource Development and Horticulture
Presented at 15th Agriculture Leadership Conclave, New Delhi
Key Attendees Union Ministers Nitin Gadkari and Shivraj Singh Chouhan
Notable Achievements GI registration of Naga Mircha, Naga Tree Tomato, and Naga Sweet Cucumber
Horticulture Development Formation of 13 Farmer Producer Companies (FPCs) and organic certification of 6800 hectares

International Affairs – Daily Current Affairs July 12

7. What is the primary purpose of the MeDevIS platform introduced by the WHO?
A) To provide medical education resources
B) To support decision-making on medical devices
C) To promote pharmaceutical products
D) To track patient health records
E) To fund medical research projects
Answer: B) To support decision-making on medical devices

Event and Location:

  • Event: Announcement of the MeDevIS platform
  • Location: World Health Organization (WHO), Global

Mandates and Objectives:

  • Objective: To support governments, regulators, and users in decision-making on the selection, procurement, and use of medical devices.
  • Mandates:
    • Provide information on 2301 types of medical devices.
    • Include medical devices for a broad range of health issues, including reproductive, maternal, newborn and child health, noncommunicable diseases, and infectious diseases.

Important Terms Explained:

  • MeDevIS (Medical Devices Information System): An online platform providing comprehensive information on medical devices to support decision-making.
  • EMDN (European Medical Device Nomenclature): A naming system used for the registration of medical devices in European countries.
  • GMDN (Global Medical Device Nomenclature): A naming system used by regulatory agencies in several countries for medical device registration and tracking.

Static GK Information:

Titbits

World Health Organization (WHO):

  • Founded: 7 April 1948
  • Headquarters: Geneva, Switzerland
  • Director-General: Dr. Tedros Adhanom Ghebreyesus
  • Members: 194 member states

Tabular Summary:

Event Details
Event Name Announcement of the MeDevIS platform
Date July 10, 2024
Announced by World Health Organization (WHO)
Purpose Support decision-making on selection, procurement, and use of medical devices
Platform Includes Information on 2301 types of medical devices
Health Issues Covered Reproductive, maternal, newborn and child health, noncommunicable diseases, and infectious diseases
Naming Systems Referenced EMDN and GMDN
Application Used for regulatory approval, procurement, supply, and tracking of medical devices

National Affairs – Daily Current Affairs July 12

8. What is the initial corpus of the ‘Agri-SURE’ fund launched by NABARD to support agri startups and rural enterprises?
A) ₹500 crore
B) ₹600 crore
C) ₹750 crore
D) ₹800 crore
E) ₹1,000 crore
Answer: C) ₹750 crore

Event and Location:

  • Event: Launch of ‘Agri-SURE’ fund by NABARD
  • Location: Mumbai, India

Mandates and Objectives:

  • Objective: To promote investment in innovative, technology-driven, high-risk, and high-impact activities in agriculture and allied areas.
  • Mandates:
    • Support approximately 85 agri startups with investments up to ₹25 crore each.
    • Focus on sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), as well as direct equity support to startups.
    • Enhance the farm produce value chain, create new rural ecosystem linkages, generate employment, and support Farmers Producer Organizations (FPOs).

Important Terms Explained:

  • Agri-SURE: A ₹750-crore fund launched to support startups and rural enterprises in agriculture, managed by NABVENTURES, a wholly-owned subsidiary of NABARD.
  • NABVENTURES: The investment and fund management arm of NABARD focused on supporting agri startups and rural enterprises.

Static GK Information:

Titbits

NABARD:

  • Full Name: National Bank for Agriculture and Rural Development
  • Founded: 1982
  • Headquarters: Mumbai, Maharashtra
  • Chairman: Shaji KV

Tabular Summary:

Event Details
Event Name Launch of ‘Agri-SURE’ Fund
Date July 12, 2024
Announced by NABARD and NABVENTURES
Fund Corpus ₹750 crore
Initial Contributions ₹250 crore each from NABARD, Ministry of Agriculture, and other institutions
Investment Focus Agri startups, rural enterprises, technology-driven initiatives
Support Mechanism Sector-specific and sector-agnostic AIFs, direct equity support
Target Beneficiaries Approximately 85 startups with investments up to ₹25 crore each


Over All Review

Important Days

  • June 25 declared as ‘Samvidhaan Hatya Diwas’ to commemorate the Emergency period of 1975.

Sports 

  • Tharun Mannepalli won men’s singles title at 2024 BWF Saint-Denis Reunion Open.

Banking and Finance 

  • PNB introduces ‘Safety Ring’ to enhance security for internet and mobile banking users.

Business And Economy

  • Kotak Mahindra launches Kotak BSE PSU Index Fund, open for subscription from July 10 to July 24, 2024.

Awards 

  • APCNF wins 2024 Gulbenkian Prize for Humanity for its natural farming model.
  • Nagaland awarded best state in horticulture at Agriculture Leadership Awards 2024.

International Affairs

  • WHO introduces MeDevIS platform to support decision-making on medical devices globally.

National Affairs

  • NABARD launches ₹750-crore ‘Agri-SURE’ fund for agri startups and rural enterprises.

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