Daily Current Affairs July 03

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 03. 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 03 | Daily Current Affairs 2024

Important Days – Daily Current Affairs July 03

1. When is World Sports Journalists Day celebrated, and what is its primary purpose?
A) June 1, to promote health awareness.
B) July 2, to honor sports journalists.
C) August 3, to recognize teachers.
D) September 4, to support environmental causes.
E) October 5, to celebrate cultural diversity.
Answer: B) July 2, to honor sports journalists.

Event and Location:

  • Event: World Sports Journalists Day
  • Date: July 2, 2024

Promotion of Sports Journalism:

  • Celebrate the contributions of sports journalists.
  • Encourage and recognize the efforts and accomplishments of sports media professionals.

Public Awareness:

  • Promote sports among the general public.
  • Inspire individuals to pursue careers in sports journalism.

Organizational Activities:

  • Media organizations globally organize special events to honor their sports journalists.

Important Terms Explained:

  • Sports Journalism:
    • A career path focusing on reporting and writing about sports events, athletes, and related topics.
  • International Sports Press Association (AIPS):
    • An organization that supports and advocates for sports media rights.
    • Provides credentialing for international sporting events.
    • Hosts programs for young sports journalists and honors excellence through international awards.

Static GK Information:

Titbits

International Sports Press Association (AIPS):

  • Founded Year: 1924
  • Headquarters: Lausanne, Switzerland

Tabular Summary:

Event World Sports Journalists Day 2024
Date July 2, 2024
Location International
Chief Guest Varies by organization/event
Significance Honors and recognizes the contributions of sports journalists; promotes sports journalism and awareness.
Established By International Sports Press Association (AIPS)
Established Year 1994
Purpose To celebrate and encourage sports journalists globally.

2. When is International Plastic Bag Free Day observed, and what is its primary aim?
A) July 1, to promote renewable energy
B) July 3, to fight against plastic pollution
C) August 5, to conserve wildlife
D) September 10, to protect oceans
E) November 15, to reduce carbon footprint
Answer: B) July 3, to fight against plastic pollution

Event and Location:

  • Event: International Plastic Bag Free Day
  • Date: July 3, 2024

Mandates and Objectives:

  • Global Call to Action:
    • Unites individuals, businesses, and governments to fight against plastic pollution.
    • Encourages reducing the use of plastic bags and adopting sustainable alternatives.
  • Environmental Impact of Plastic Bags:
    • Marine Pollution: Millions of plastic bags end up in oceans, harming marine life through ingestion and entanglement.
    • Land Pollution: Discarded plastic bags litter landscapes, clog drainage systems, and degrade soil quality.
    • Resource Depletion: Made from non-renewable fossil fuels, contributing to resource depletion and greenhouse gas emissions.

Why International Plastic Bag Free Day Matters:

  • Raising Awareness: Highlights environmental consequences of plastic bag use and encourages sustainable practices.
  • Promoting Alternatives: Advocates for reusable bags and eco-friendly alternatives like paper, cloth, or biodegradable bags.
  • Policy Advocacy: Serves as a platform for advocating policy changes to reduce plastic bag usage and promote recycling initiatives.

Important Terms Explained:

  • Plastic Pollution:
    • The accumulation of plastic objects and particles in the Earth’s environment, negatively affecting wildlife, wildlife habitat, and humans.
  • Reusable Bags:
    • Bags made from durable materials like cloth or thick plastic that can be used multiple times, reducing the need for single-use plastic bags.
  • Biodegradable Bags:
    • Bags that can decompose naturally in the environment by microorganisms, reducing their impact on pollution.

Static GK Information:

Titbits

International Plastic Bag Free Day:

  • Founded Year: 2009
  • Initiated By: Zero Waste Europe
  • Purpose: Raise awareness about the environmental impact of plastic bags and promote sustainable alternatives.

Tabular Summary:

Event International Plastic Bag Free Day 2024
Date July 3, 2024
Location Global
Primary Aim Fight against plastic pollution
Environmental Impact Marine and land pollution, resource depletion
Participation Individuals and businesses worldwide
Key Activities Bringing reusable bags, spreading awareness, organizing clean-ups
Policy Advocacy Promoting policies for reducing plastic bag use and enhancing recycling

Sports – Daily Current Affairs July 04

3. How many gold medals did India win at the U23 Asian Wrestling Championship 2024 in Jordan?
A) Two
B) Four
C) Six
D) Eight
E) Ten
Answer: B) Four

Event and Location:

  • Event: U23 Asian Wrestling Championship 2024
  • Location: Amman, Jordan

Mandates and Objectives:

  • India’s Achievements:
    • India finished on top at the championship.
    • Total medals won: Eight in freestyle wrestling.
      • Gold Medals: Four
      • Silver Medals: Two
      • Bronze Medals: Two

Medal Winners:

  • Gold Medals:
    • Abhimanyu: 70 kg category
    • Jointy Kumar: 92 kg category
    • Sahil Jaglan: 97 kg category
    • Anirudh Kumar: 125 kg category
  • Silver Medals:
    • Rohit: 65 kg category
    • Jaideep: 74 kg category
  • Bronze Medals:
    • Shubham: 57 kg category
    • Amit: 79 kg category

Overall Standings:

  • First Place: India
  • Second Place: Kazakhstan
  • Third Place: Kyrgyzstan

Significance:

  • This performance is the best-ever by the Indian contingent at the U23 Asian Wrestling Championship.

Important Terms Explained:

  • Freestyle Wrestling:
    • A style of wrestling where competitors can use their legs for offense and defense and can hold their opponents above or below the waist.

Static GK Information:

Titbits

Amman, Jordan:

  • Capital of Jordan: Amman
  • Currency: Jordanian Dinar (JOD)
  • Prime Minister: Bisher Al-Khasawneh

Tabular Summary:

Event U23 Asian Wrestling Championship 2024
Location Amman, Jordan
India’s Medal Tally 8 Medals (4 Gold, 2 Silver, 2 Bronze)
Gold Medalists Abhimanyu (70 kg), Jointy Kumar (92 kg), Sahil Jaglan (97 kg), Anirudh Kumar (125 kg)
Silver Medalists Rohit (65 kg), Jaideep (74 kg)
Bronze Medalists Shubham (57 kg), Amit (79 kg)
Overall Standings 1st: India, 2nd: Kazakhstan, 3rd: Kyrgyzstan
Significance Best-ever performance by Indian contingent

Obituary – Daily Current Affairs July 03

4. What was Bhupinder Singh Rawat’s nickname, and why was he given this nickname?
A) Flash, due to his quick decision-making.
B) Tank, for his strength and durability.
C) Scooter, for his speed and agility.
D) Wall, for his defensive skills.
E) Hawk, for his sharp vision.
Answer: C) Scooter, for his speed and agility.

Event and Location:

  • Event: Death of Former India Midfielder Bhupinder Singh Rawat
  • Location: Surat, India

Mandates and Objectives:

  • Tribute to Bhupinder Singh Rawat:
    • Bhupinder Singh Rawat was a former India midfielder.
    • He played in the 1969 Merdeka Cup in Malaysia.
    • Known for his speed and ability to cut through the rival defense.

Personal Details:

  • He was 85 years old.
  • Survived by his wife, one son, and daughter.

Fan Nickname:

  • Nicknamed “Scooter” by fans for his agility and speed despite his diminutive figure.

Important Terms Explained:

  • Merdeka Cup:
    • An international football tournament held in Malaysia, named after the country’s Independence Day.
  • All India Football Federation (AIFF):
    • The governing body of football in India.
    • Announced Bhupinder Singh Rawat’s death.

Static GK Information:

Titbits

All India Football Federation (AIFF):

  • Founded Year: 1937
  • Headquarters: New Delhi, India
  • President: Kalyan Chaubey

Tabular Summary:

Event Death of Bhupinder Singh Rawat
Location Surat, India
Age 85
Family Survived by his wife, one son, and daughter
Notable Achievement Played in the 1969 Merdeka Cup in Malaysia
Nickname “Scooter” for his speed and agility
Announcement By All India Football Federation (AIFF)

 

Banking and Finance – Daily Current Affairs July 03

5. Which initiative is the RBI joining to facilitate instantaneous cross-border retail payments with ASEAN countries?
A) Project Fusion
B) Project Nexus
C) Project Connect
D) Project Synergy
E) Project Horizon
Answer: B) Project Nexus

Event and Location:

  • Event: RBI joining Project Nexus
  • Location: Basel, Switzerland

Mandates and Objectives:

  • Collaboration:
    • The RBI will join forces with ASEAN countries (Malaysia, Philippines, Singapore, Thailand) to facilitate instantaneous cross-border retail payments.
    • The agreement was signed on June 30, 2024, in Basel, Switzerland.
  • Project Nexus:
    • Led by the Bank for International Settlements Innovation Hub (BISIH).
    • Aims to connect the Fast Payment Systems (FPS) of India and four ASEAN nations.
    • Focuses on making cross-border payments faster, cheaper, more transparent, and accessible.
  • Shift from Bilateral to Multilateral:
    • Historically, RBI engaged in bilateral collaborations to link India’s Unified Payments Interface (UPI) with FPSs of other countries.
    • Now, RBI embraces a multilateral approach to enhance the international reach of Indian payment systems and provide a cohesive framework for cross-border transactions.
  • Future Expansion and Impact:
    • The platform, expected to be operational by 2026, can be expanded to include more countries.
    • It will make retail cross-border payments more efficient, faster, and cost-effective.

Important Terms Explained:

  • Fast Payment Systems (FPS):
    • Payment systems that enable near-instantaneous payments within a country.
  • Unified Payments Interface (UPI):
    • An instant payment system developed in India to facilitate inter-bank transactions.
  • Bank for International Settlements (BIS):
    • An international financial institution that fosters international monetary and financial cooperation.

Static GK Information:

Titbits

Reserve Bank of India (RBI):

  • Founded Year: 1935
  • Headquarters: Mumbai, India
  • Governor: Shaktikanta Das

Bank for International Settlements (BIS):

  • Founded Year: 1930
  • Headquarters: Basel, Switzerland
  • General Manager: Agustín Carstens

Tabular Summary:

Event RBI Joining Project Nexus
Date June 30, 2024
Location Basel, Switzerland
Objective Facilitate instantaneous cross-border retail payments
Participating Countries India, Malaysia, Philippines, Singapore, Thailand
Special Observer Indonesia
Initiative By Bank for International Settlements (BIS)
Expected Operational Year 2026
Benefits Faster, cheaper, more transparent, and accessible cross-border payments
Platform Expansion Potential to include more countries in the future

6. What significant milestone did SabPaisa (SRS Live Technologies) achieve recently?
A) Launched a new mobile app
B) Expanded operations to the Middle East
C) Received Payment Aggregator license from RBI
D) Merged with another fintech company
E) Introduced a new cryptocurrency
Answer: C) Received Payment Aggregator license from RBI

Event and Location:

  • Event: SabPaisa receives Payment Aggregator license
  • Location: New Delhi, India

Mandates and Objectives:

  • Significance of the License:
    • The license, granted by the Reserve Bank of India (RBI) under the Payments and Settlement Systems Act, 2007, enables SabPaisa to function as a Payment Aggregator (PA).
    • This approval solidifies SabPaisa’s position as a leading player in the Indian fintech industry.
  • Growth and Achievements:
    • Established in 2016, SabPaisa has experienced significant growth, witnessing a 2X increase in revenue over the past two financial years.
    • Forecasts similar growth for 2024-25.
  • Services Offered:
    • Comprehensive payment aggregation services to merchants.
    • Innovative payment gateway solutions including Payouts and Subscriptions.
    • Focus on merchant-friendly solutions, investing in research, product development, and technology.
  • RBI’s Payment Aggregator Framework:
    • Introduced in March 2020.
    • Only authorized entities can provide payment aggregation services to merchants.
  • Comparable Entities with PA Authorization:
    • Juspay, Razorpay, Stripe, neo-bank Open, among others.

Important Terms Explained:

  • Payment Aggregator (PA):
    • An entity that facilitates e-commerce sites and merchants to accept various payment instruments from customers for completing their payment obligations without the need for merchants to create separate payment integration systems.
      Payments and Settlement Systems Act, 2007:
    • Legislation enacted by the Indian government to regulate and supervise payment systems in India.

Static GK Information:

Titbits

Reserve Bank of India (RBI):

  • Founded Year: 1935
  • Headquarters: Mumbai, India
  • Governor: Shaktikanta Das

Tabular Summary:

Event SabPaisa Receives Payment Aggregator License from RBI
Location New Delhi, India
Company Name SabPaisa (SRS Live Technologies Private Limited)
License Granted By Reserve Bank of India (RBI)
Significance Enables SabPaisa to offer comprehensive payment aggregation services
CEO Statement Pathikrit Dasgupta emphasized the milestone’s significance and commitment to excellence
Growth 2X revenue increase over the past two years; forecasted similar growth for 2024-25
Services Payment gateway solutions, Payouts, Subscriptions, merchant-friendly solutions
Operational Presence Nationwide presence; trusted by thousands of merchants, major enterprises, banks, and government institutions
Comparable Authorized Entities Juspay, Razorpay, Stripe, neo-bank Open
Future Goals Deliver seamless, inclusive, and high-performance payment experiences

7. What is the primary purpose of the $170 million loan agreement between India and the Asian Development Bank (ADB)?
A) To develop renewable energy projects
B) To enhance digital infrastructure
C) To strengthen India’s health system preparedness for pandemics
D) To promote tourism
E) To improve agricultural productivity
Answer: C) To strengthen India’s health system preparedness for pandemics

Event and Location:

  • Event: Signing of $170 million policy-based loan agreement with ADB
  • Location: New Delhi, India

Mandates and Objectives:

  • Primary Purpose:
    • Strengthen India’s health system preparedness and response capacity for future pandemics.
  • Loan Agreement Details:
    • Name: Strengthened and Measurable Actions for Resilient and Transformative Health Systems Programme (Subprogramme 1)
  • Signatories:
    • Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India
    • Mio Oka, Country Director of ADB’s India Resident Mission
  • Key Objectives:
    • Strengthen disease surveillance and multi-sectoral response.
    • Ensure sufficiency and quality of health professionals.
    • Promote climate-resilient public health infrastructure and service delivery.
  • Support Areas:
    • Disease Surveillance: Setting up laboratory networks and building robust data systems for monitoring health programs.
    • Human Resources for Health (HRH): Legislation to regulate and maintain standards of education and professional conduct for health workers.
    • Public Health Infrastructure: Establishing integrated public health laboratories, district critical care hospital blocks, and climate-resilient healthcare facilities.

Major Government Plans and Initiatives:

  • National Health Policy 2017
  • Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM)
  • National One Health Mission
  • Efforts to strengthen human resources for health (HRH)

Important Terms Explained:

  • Asian Development Bank (ADB):
    • A regional development bank established to promote social and economic development in Asia.
  • National Health Policy 2017:
    • A policy aimed at achieving the highest possible level of health and well-being for all age groups.
  • Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM):
    • A government initiative to strengthen public health infrastructure and ensure access to quality healthcare.

Static GK Information:

Titbits

Asian Development Bank (ADB):

  • Founded Year: 1966
  • Headquarters: Manila, Philippines
  • President: Masatsugu Asakawa

Tabular Summary:

Event India Signs $170 Million Loan Agreement with ADB
Location New Delhi, India
Loan Amount $170 million
Primary Purpose Strengthen health system preparedness for pandemics
Key Signatories Juhi Mukherjee (India), Mio Oka (ADB)
Support Areas Disease surveillance, HRH, public health infrastructure
Government Initiatives National Health Policy 2017, PM-ABHIM, National One Health Mission
ADB President Masatsugu Asakawa
Programs Supported Integrated public health laboratories, district critical care hospital blocks, climate-resilient healthcare facilities

8. What is the primary benefit of the ‘Paytm Health Saathi’ plan launched for merchant partners?
A) Free access to online courses
B) Affordable healthcare and income protection
C) Discounts on travel and accommodation
D) Free merchandise for stores
E) Free promotional services
Answer: B) Affordable healthcare and income protection

Event and Location:

  • Event: Launch of ‘Paytm Health Saathi’ Plan
  • Location: New Delhi, India
  • Date: July 3, 2024

Key Details:

  • Plan Name: Paytm Health Saathi
  • Provider: One 97 Communications Limited (OCL), owner of the Paytm brand
  • Availability: Available on the ‘Paytm for Business’ app

Mandates and Objectives:

  • Primary Benefit:
    • Provides affordable healthcare and income protection for merchant partners.
  • Cost:
    • The plan starts at just ₹35 per month, making it accessible and affordable for small and medium-sized merchants.
  • Significance:
    • Enhances the welfare of Paytm’s merchant partners by offering them essential health and financial protection.
    • Reflects Paytm’s commitment to supporting its business community with valuable benefits and services.

Important Terms Explained:

  • Healthcare Plan:
    • A health insurance product that provides coverage for medical expenses and access to healthcare services.
  • Income Protection Plan:
    • An insurance product that provides financial support to individuals in the event of loss of income due to illness, injury, or other covered reasons.

Static GK Information:

Titbits

Paytm (One 97 Communications Limited):

  • Founded Year: 2010
  • Headquarters: Noida, Uttar Pradesh, India
  • Founder: Vijay Shekhar Sharma

Tabular Summary:

Event Launch of ‘Paytm Health Saathi’ Plan
Location New Delhi, India
Date July 3, 2024
Plan Name Paytm Health Saathi
Provider One 97 Communications Limited (Paytm)
Primary Benefit Affordable healthcare and income protection
Cost Starts at ₹35 per month
Availability On the ‘Paytm for Business’ app
Significance Supports merchant partners with essential health and financial protection

Business and Economy – Daily Current Affairs July 03

9. What is the primary objective of the cooperation agreement between TAFE Motors and Germany’s Deutz?
A) To develop renewable energy sources
B) To enhance digital banking services
C) To manufacture engines for Indian and overseas markets
D) To promote cultural exchange programs
E) To improve agricultural technologies
Answer: C) To manufacture engines for Indian and overseas markets

Event and Location:

  • Event: Signing of cooperation agreement between TAFE Motors and Deutz AG
  • Location: Chennai, India

Mandates and Objectives:

  • Primary Objective:
    • Manufacture engines for Indian and overseas markets.
  • Significance:
    • Enhance competitiveness and market presence of both companies.
    • Strengthen the partnership between TAFE Motors and Deutz AG.

Important Terms Explained:

  • TAFE Motors:
    • A leading manufacturer of tractors and engines in India, part of the TAFE Group.
  • Deutz AG:
    • A German manufacturer known for its high-performance engines and advanced technology in the automotive industry.

Static GK Information:

Titbits

TAFE Motors:

  • Founded Year: 1960
  • Headquarters: Chennai, India
  • Chairman & Managing Director: Mallika Srinivasan

Deutz AG:

  • Founded Year: 1864
  • Headquarters: Cologne, Germany
  • CEO: Dr. Sebastian C. Schulte

Tabular Summary:

Event TAFE Motors and Deutz AG Sign Cooperation Agreement
Location Chennai, India
Primary Objective Manufacture engines for Indian and overseas markets
Key Participants Dr. Sebastian C. Schulte (CEO of Deutz), Mallika Srinivasan (Chairman & MD of TAFE Motors)
Significance Enhance competitiveness and market presence
Market Impact Produce high-quality engines, boosting global market positions
TAFE Motors: Founded Year: 1960, Headquarters: Chennai, India
Deutz AG: Founded Year: 1864, Headquarters: Cologne, Germany

 

Defence – Daily Current Affairs July 03

10. What is the primary aim of Exercise Maitree between India and Thailand?
A) To explore economic cooperation
B) To conduct counter-insurgency and counter-terrorism operations
C) To establish trade agreements
D) To improve healthcare systems
E) To promote cultural tourism
Answer: B) To conduct counter-insurgency and counter-terrorism operations

Event and Location:

  • Event: Indian Army contingent in Thailand for Exercise Maitree
  • Location: Fort Vachiraprakan, Tak Province, Thailand

Mandates and Objectives:

  • Primary Aim:
    • Foster military cooperation between India and Thailand.
    • Enhance combined capabilities for joint counter-insurgency and counter-terrorism operations in jungle and urban environments.
    • Exercise conducted under Chapter VII of the United Nations Charter.
  • Exercise Details:
    • Duration: July 1 to 15, 2024.
    • Indian Army Contingent: 76 personnel from the Ladakh Scouts and other arms/services.
    • Royal Thailand Army Contingent: 76 personnel from the 1st Battalion, 14 Infantry Regiment of the 4th Division.

Historical Context:

  • Exercise Maitree started in 2006, initially called the Thai-Indian Cooperation Field Exercise (TICAFE), renamed Maitree in 2013.
  • The 2019 edition was held in Umroi, Meghalaya, with the exercise paused during the Covid-19 pandemic.

Tactical Drills and Operations:

  • Creation of a Joint Operation Centre.
  • Establishment of an Intelligence & Surveillance Centre.
  • Employment of Drones and Counter Drone Systems.
  • Securing of a Landing Site.
  • Small Team Insertion & Extraction.
  • Special Heliborne Operations.
  • Cordon and Search Operations.
  • Room Intervention Drills.
  • Demolition of Illegal Structures.

Broader Scope:

  • Disaster relief operations.
  • Humanitarian assistance.
  • Peacekeeping missions.

Cultural Exchange:

  • Platform for cultural exchange and mutual learning.
  • Develop camaraderie, understanding, and mutual respect.

Important Terms Explained:

  • Chapter VII of the United Nations Charter:
    • Deals with action with respect to threats to the peace, breaches of the peace, and acts of aggression.

Static GK Information:

Titbits

Indian Army:

  • Founded Year: 1895
  • Headquarters: New Delhi, India
  • Chief of Army Staff: General Manoj Pande

Royal Thai Army:

  • Founded Year: 1874
  • Headquarters: Bangkok, Thailand
  • Commander-in-Chief: General Narongpan Jitkaewthae

Tabular Summary:

Event Indian Army Contingent in Thailand for Exercise Maitree
Date July 1 to 15, 2024
Location Fort Vachiraprakan, Tak Province, Thailand
Participants 76 Indian Army personnel, 76 Royal Thailand Army personnel
Primary Aim Conduct joint counter-insurgency and counter-terrorism operations
Historical Context Began in 2006, renamed Maitree in 2013, last held in 2019
Key Drills Joint Operation Centre, Drones, Landing Site, Special Heliborne Operations
Broader Scope Disaster relief, humanitarian assistance, peacekeeping missions
Cultural Exchange Camaraderie, understanding, and mutual respect

11. What is the primary aim of the India-Mongolia Joint Military Exercise Nomadic Elephant?
A) To promote cultural exchange
B) To enhance joint military capability for counter-insurgency operations
C) To conduct humanitarian aid missions
D) To develop infrastructure projects
E) To increase tourism between the two countries
Answer: B) To enhance joint military capability for counter-insurgency operations

Event and Location:

  • Event: 16th Edition of India-Mongolia Joint Military Exercise Nomadic Elephant
  • Location: Foreign Training Node, Umroi, Meghalaya
  • Dates: July 3 to July 16, 2024

Mandates and Objectives:

  • Primary Aim:
    • Enhance the joint military capability of both nations to undertake counter-insurgency operations in a sub-conventional scenario under Chapter VII of the United Nations Mandate.
  • Participating Contingents:
    • Indian Contingent: 45 personnel from the SIKKIM SCOUTS and other arms and services.
    • Mongolian Contingent: Personnel from the 150 Quick Reaction Force Battalion of the Mongolian Army.

Static GK Information:

Titbits

Mongolia:

  • Capital: Ulaanbaatar
  • Currency: Mongolian tögrög (MNT)
  • Prime Minister: Luvsannamsrain Oyun-Erdene

Tabular Summary:

Event India-Mongolia Joint Military Exercise Nomadic Elephant
Location Foreign Training Node, Umroi, Meghalaya
Dates July 3 to July 16, 2024
Primary Aim Enhance joint military capability for counter-insurgency operations
Indian Contingent 45 personnel from SIKKIM SCOUTS and other arms and services
Mongolian Contingent Personnel from 150 Quick Reaction Force Battalion
Opening Ceremony Attendees His Excellency Mr. Dambajavyn Ganbold, Major General Prasanna Joshi
Key Tactical Drills Terrorist action response, joint command post, intelligence center, securing helipad, insertion & extraction, heliborne operations, cordon & search, drone systems
Closing Ceremony Attendees Major General Gyanbyamba Sunrev, Lieutenant General Zubin A Minwalla
Objectives Share best practices, develop interoperability, enhance defense cooperation, augment bilateral relations

International Affairs – Daily Current Affairs July 03

12. What is the focus of Hungary’s rotating presidency of the Council of the European Union?
A) Enhancing EU competitiveness
B) Reducing environmental impact
C) Expanding digital infrastructure
D) Increasing foreign investments
E) Promoting cultural exchange
Answer: A) Enhancing EU competitiveness

Event and Location:

  • Event: Hungary takes over the rotating presidency of the EU Council
  • Location: European Union

Important Terms Explained:

  • Rotating Presidency of the Council of the EU:
    • A system where each EU member state holds the presidency of the Council of the European Union for a six-month period.
    • The presidency is responsible for driving forward the Council’s work on EU legislation, ensuring the continuity of the EU agenda, orderly legislative processes, and cooperation among member states.
  • EU Competitiveness:
    • Efforts to improve the economic performance of the European Union in the global market.

Static GK Information:

Titbits

Council of the European Union:

  • Established Year: 1952 (as Council of Ministers)
  • Headquarters: Brussels, Belgium
  • Function: Represents the governments of the EU member states, adopts EU laws, and coordinates EU policies.

Tabular Summary:

Event Hungary Takes Over Rotating Presidency of the EU Council
Duration 6 months
Primary Focus Enhancing EU competitiveness
Other Priorities Reinforcing European defense policy, EU enlargement, stemming illegal migration, shaping future cohesion policy, formulating a farmer-oriented agricultural policy, addressing demographic challenges
Motto “Make Europe Great Again”
Announcement By Hungary’s European Union Affairs Minister Janos Boka
Reflects Will of Voters Recent European parliamentary elections indicated a need for change

13. What is the primary vision of the Global Partnership on Artificial Intelligence (GPAI) as discussed in the 6th Ministerial Council meeting?
A) To promote renewable energy initiatives
B) To enhance international trade agreements
C) To harness the potential of AI for Good and for All
D) To develop space exploration projects
E) To increase global tourism
Answer: C) To harness the potential of AI for Good and for All

Event and Location:

  • Event: 6th Meeting of the GPAI Ministerial Council
  • Location: Bharat Mandapam, New Delhi (Hybrid Mode)
  • Date: July 3, 2024

Mandates and Objectives:

  • Primary Vision of GPAI:
    • To harness the potential of AI for Good and for All.
    • Foster a human-centric, safe, secure, and trustworthy AI through an inclusive, multi-stakeholder approach.

Key Participants:

  • Chair: Shri Jitin Prasada, Minister of State Electronics and Information Technology and Commerce & Industry, India.
  • Vice Minister from Japan (Outgoing Chair): Shri Hiroshi Yoshida.
  • Minister from Serbia (Incoming Chair): Ms. Jelena Begovic.
  • Other Notable Attendees: Jerry Sheehan (OECD), Dr. Tawfik Jelassi (UNESCO).

Important Terms Explained:

  • Global Partnership on Artificial Intelligence (GPAI):
    • An international initiative to promote the responsible and human-centric development and use of AI.
  • OECD Recommendation on Artificial Intelligence:
    • Guidelines and principles established by the OECD to ensure AI is designed to be robust, safe, fair, and trustworthy.
  • UNESCO Recommendation on the Ethics of AI:
    • Ethical guidelines developed by UNESCO to address the ethical issues raised by AI technologies.

Static GK Information:

Titbits

GPAI:

  • Founded Year: 2020
  • Headquarters: Paris, France
  • Chair for 2024-25: Serbia

Tabular Summary:

Event 6th Meeting of the GPAI Ministerial Council
Date July 3, 2024
Location Bharat Mandapam, New Delhi (Hybrid Mode)
Chair Shri Jitin Prasada (India)
Participants Vice Minister from Japan, Minister from Serbia, OECD, UNESCO representatives
Primary Vision Harness the potential of AI for Good and for All
Key Focus Areas Human-centric AI, international cooperation, addressing AI risks, inclusive governance
New Chair for 2024-25 Serbia
Upcoming Event GPAI Summit in Serbia later in 2024

National Affairs – Daily Current Affairs July 03

14. What is the new monthly amount of the social security pension distributed in Andhra Pradesh?
A) ₹2,000
B) ₹3,000
C) ₹4,000
D) ₹5,000
E) ₹6,000
Answer: C) ₹4,000

Event and Location:

  • Event: Launch of Enhanced Social Security Pension Distribution
  • Location: Amaravati, Andhra Pradesh

Mandates and Objectives:

  • Enhanced Social Security Pension:
    • Chief Minister N. Chandrababu Naidu announced an increase in the social security pension to ₹4,000 per month.
    • The distribution began with Naidu personally handing over the pension to beneficiaries at their homes in Amaravati.

Historical Context:

  • The social security pension scheme was initiated by the TDP government led by N.T. Rama Rao in 1994-95, starting at ₹35 per month.
  • The current enhanced pension aims to provide better financial support to the poor and elderly in the state.

Financial Impact:

  • The annual pension bill for Andhra Pradesh will now be approximately ₹33,100 crore.

Key Objectives:

  • Provide financial assistance to the poor and elderly.
  • Enhance social security and support for vulnerable populations.
  • Ensure timely and efficient distribution of pensions to beneficiaries.

Important Terms Explained:

  • Social Security Pension:
    • A government-provided financial assistance program aimed at supporting the elderly, disabled, and other vulnerable groups with regular income.
  • TDP (Telugu Desam Party):
    • A regional political party in Andhra Pradesh founded by N.T. Rama Rao in 1982, known for its focus on welfare schemes and development projects.

Static GK Information:

Titbits

Andhra Pradesh:

  • Capital: Amaravati
  • Chief Minister: N. Chandrababu Naidu
  • Currency: Indian Rupee (₹)

Tabular Summary:

Event Launch of Enhanced Social Security Pension
Location Amaravati, Andhra Pradesh
Announced By Chief Minister N. Chandrababu Naidu
New Pension Amount ₹4,000 per month
Annual Pension Bill Approximately ₹33,100 crore
Historical Context Started by TDP government under N.T. Rama Rao in 1994-95 at ₹35 per month
Objective Provide financial assistance to the poor and elderly
Initial Beneficiary Interaction Naidu personally handed over the pension to beneficiaries at their homes

15. What is the primary purpose of the NIRMAN portal launched by Shri G Kishan Reddy?
A) To promote renewable energy
B) To support meritorious UPSC aspirants
C) To enhance digital banking services
D) To provide housing for the underprivileged
E) To develop infrastructure in rural areas
Answer: B) To support meritorious UPSC aspirants

Event and Location:

  • Event: Launch of NIRMAN Portal
  • Location: New Delhi, India

Mandates and Objectives:

  • Primary Purpose:
    • The NIRMAN portal (Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination) aims to support meritorious UPSC aspirants.
    • It provides financial support of ₹1,00,000 to eligible candidates who have qualified the Preliminary round of the UPSC examination in 2024.
  • Eligibility Criteria:
    • Annual family income less than ₹8 lakhs.
    • Belong to Scheduled Caste, Scheduled Tribe, female, or third gender categories.
    • Permanent residents of any of the 39 operational districts of Coal India Limited (CIL).
  • Background and Context:
    • Launched by Union Minister for Coal and Mines, Shri G Kishan Reddy, in alignment with Prime Minister Narendra Modi’s “Mission Karmayogi” vision.
    • A CSR scheme by Coal India Limited aimed at fostering education and supporting the underprivileged in coal-bearing areas.
  • Operational Details:
    • Entire application process is conducted through a dedicated portal to ensure transparency and seamless screening, supporting the Digital India initiative.
  • Role of Coal India Limited (CIL):
    • A Maharatna Company crucial for energy security and socially responsible corporate activities.
    • Supports education in coal-bearing areas, helping deserving students secure admissions into nationally reputed professional institutes.

Important Terms Explained:

  • CSR (Corporate Social Responsibility):
    • Business practices involving initiatives that benefit society.
  • UPSC (Union Public Service Commission):
    • India’s central agency authorized to conduct various civil services examinations.
  • Mission Karmayogi:
    • A Government of India initiative aimed at capacity building of government employees to ensure a more competent and future-ready civil service.

Static GK Information:

Titbits

Coal India Limited (CIL):

  • Founded Year: 1975
  • Headquarters: Kolkata, India
  • Chairman: Pramod Agrawal

Tabular Summary:

Event Launch of NIRMAN Portal
Date July 2, 2024
Location New Delhi, India
Announced By Union Minister Shri G Kishan Reddy
Purpose Support meritorious UPSC aspirants
Financial Support ₹1,00,000 for eligible candidates
Eligibility Income < ₹8 lakhs, SC/ST/Female/Third Gender, permanent residents of CIL operational districts
Vision Alignment Mission Karmayogi
Implementing Organization Coal India Limited (CIL)
Operational Districts 39 districts
Focus Areas Education support, fostering education in coal-bearing areas
Additional Initiatives Support for admissions into nationally reputed professional institutes

16. What is the primary purpose of the DMF Gallery inaugurated by Union Minister G. Kishan Reddy?
A) To promote tourism in India
B) To showcase products of Self-Help Groups (SHGs) formed under District Mineral Foundation
C) To exhibit Indian historical artifacts
D) To display modern technological innovations
E) To support digital education initiatives
Answer: B) To showcase products of Self-Help Groups (SHGs) formed under District Mineral Foundation

Event and Location:

  • Event: Inauguration of DMF Gallery
  • Location: Shastri Bhawan, New Delhi

Mandates and Objectives:

  • Primary Purpose:
    • Showcase products of Self-Help Groups (SHGs) formed under the District Mineral Foundation (DMF) and Pradhan Mantri Khanij Kshetra Kalyan Yojna.
    • Highlight the contributions of SHGs supported by mining companies under their Corporate Social Responsibility (CSR) initiatives.
  • Exhibitors:
    • Krishna Self Help Group: Funded by DMF Keonjhar, showcasing Millet food items, seeds, and Tasar Silk products.
    • Mahima Self Help Group: Funded by DMF Koraput, showcasing Lemongrass and Japanese Mint Oil products.
    • Hindustan Copper Limited (HCL): Supporting 25 SHGs that will showcase their products on a rotational basis.
  • Support from Mining Companies:
    • HINDALCO: Supporting over 3000 artisans through various SHGs, producing products like Chhattisgarh Kosa weaves, kashi grass woven art, gel sanitary napkins, bamboo crafts, and bio-composite artifacts.

Background and Context:

  • The DMF was established through an amendment in the Mines & Minerals (Development & Regulation) (MMDR) Act in 2015.
  • The objective is to benefit persons and areas affected by mining operations.

Important Terms Explained:

  • District Mineral Foundation (DMF):
    • An initiative aimed at benefiting individuals and areas impacted by mining operations through the establishment of DMFs in mining-affected districts.
  • Pradhan Mantri Khanij Kshetra Kalyan Yojna (PMKKKY):
    • A scheme focused on the welfare and development of mining-affected regions and communities.
  • Self-Help Groups (SHGs):
    • Community-based groups typically consisting of women, aimed at promoting financial independence and entrepreneurship through collective efforts.

Static GK Information:

Titbits

Ministry of Mines:

  • Established Year: 1942
  • Headquarters: New Delhi, India
  • Minister: G. Kishan Reddy

Tabular Summary:

Event Inauguration of DMF Gallery
Date July 2, 2024
Location Shastri Bhawan, New Delhi
Primary Purpose Showcase products of SHGs formed under DMF and PMKKKY
Key Exhibitors Krishna SHG (Millet, seeds, silk), Mahima SHG (Lemongrass, mint oil)
Supporting Companies Hindustan Copper Limited (HCL), HINDALCO
Legislative Background MMDR Act amendment in 2015
CSR Initiatives Support SHGs and local artisans
Minister Present G. Kishan Reddy, Satish Chandra Dubey

17. What is the primary aim of NITI Aayog’s ‘Sampoornata Abhiyan’ campaign?
A) Promote digital literacy
B) Achieve saturation in key indicators in Aspirational Districts and Blocks
C) Enhance urban infrastructure
D) Increase foreign investments
E) Promote renewable energy
Answer: B) Achieve saturation in key indicators in Aspirational Districts and Blocks

Event and Location:

  • Event: Launch of ‘Sampoornata Abhiyan’
  • Location: Across India

Mandates and Objectives:

  • Campaign Duration:
    • From July 4 to September 30, 2024
  • Primary Aim:
    • Achieve saturation of 6 key indicators in 112 Aspirational Districts and 500 Aspirational Blocks under the Aspirational Districts Programme (ADP) and Aspirational Blocks Programme (ABP).
  • Identified KPIs in Aspirational Blocks:
    • Percentage of pregnant women registered for Antenatal Care (ANC) within the first trimester
    • Percentage of persons screened for Diabetes
    • Percentage of persons screened for Hypertension
    • Percentage of pregnant women taking Supplementary Nutrition under the ICDS Programme
    • Percentage of Soil Health Cards generated
    • Percentage of SHGs that have received a Revolving Fund
  • Identified KPIs in Aspirational Districts:
    • Percentage of pregnant women registered for Antenatal Care (ANC) within the first trimester
    • Percentage of pregnant women taking Supplementary Nutrition under the ICDS Programme
    • Percentage of children fully immunized (BCG+DPT3+OPV3+Measles 1)
    • Number of Soil Health Cards distributed
    • Percentage of schools with functional electricity at the secondary level
    • Percentage of schools providing textbooks within 1 month of the start of the academic session
  • Implementation Strategy:
    • Districts/Blocks to develop a 3-month Action Plan
    • Monthly tracking of progress
    • Conducting awareness and behavior change campaigns
    • District officials to conduct concurrent monitoring field visits
  • Collaboration:
    • NITI Aayog will work with relevant Central Ministries, Departments, and State Governments to ensure effective planning, implementation, capacity building, and sustainable service delivery.

About Aspirational Districts and Blocks Programme Aspirational Districts Programme (ADP):

  • Launched in January 2018
  • Covers 112 districts
  • Focuses on Health & Nutrition, Education, Agriculture & Water Resources, Financial Inclusion & Skill Development, and Infrastructure
  • Measures progress on 81 indicators of development

Aspirational Blocks Programme (ABP):

  • Launched in January 2023
  • Covers 500 blocks in 329 districts
  • Focuses on Health & Nutrition, Education, Agriculture and Allied Services, Basic Infrastructure, and Social Development
  • Measures progress on 40 indicators of development

Important Terms Explained:

  • Aspirational Districts Programme (ADP):
    • Aimed at rapidly transforming the most underdeveloped districts in India through focused interventions.
  • Aspirational Blocks Programme (ABP):
    • Focuses on saturating essential government services in 500 identified blocks.

Static GK Information:

Titbits

NITI Aayog:

  • Founded Year: 2015
  • Headquarters: New Delhi, India
  • Chairman: Prime Minister of India
  • Vice Chairman: Rajiv Kumar

Tabular Summary:

Event Launch of ‘Sampoornata Abhiyan’
Duration July 4 to September 30, 2024
Location Across India
Primary Aim Achieve saturation in key indicators in Aspirational Districts and Blocks
Identified KPIs in Blocks ANC registration, Diabetes screening, Hypertension screening, Supplementary Nutrition, Soil Health Cards, SHG Revolving Fund
Identified KPIs in Districts ANC registration, Supplementary Nutrition, Child immunization, Soil Health Cards, Functional electricity in schools, Timely textbooks
Implementation Strategy 3-month Action Plan, monthly progress tracking, awareness campaigns, field visits
Collaboration NITI Aayog with Central Ministries, Departments, and State Governments
Programmes Aspirational Districts Programme (ADP), Aspirational Blocks Programme (ABP)
ADP Launch Year 2018
ABP Launch Year 2023
ADP Focus Areas Health & Nutrition, Education, Agriculture & Water Resources, Financial Inclusion & Skill Development, Infrastructure
ABP Focus Areas Health & Nutrition, Education, Agriculture and Allied Services, Basic Infrastructure, Social Development

18. What is the primary aim of the collaboration between the Ministry of Rural Development (MoRD) and the Ministry of Micro, Small and Medium Enterprises (MoMSME)?
A) To promote digital literacy among rural women
B) To formalize and strengthen SHG women-led rural enterprises
C) To improve healthcare facilities in rural areas
D) To develop infrastructure in urban areas
E) To promote tourism in rural regions
Answer: B) To formalize and strengthen SHG women-led rural enterprises

Event and Location:

  • Event: Signing of Statement of Intent (SoI)
  • Location: Krishi Bhawan, New Delhi

Mandates and Objectives:

  • Primary Aim:
    • Formalize and strengthen Self Help Group (SHG) women-led rural enterprises through MoMSME’s flagship schemes.
  • Collaboration Details:
    • Ministries Involved: Ministry of Rural Development (MoRD) and Ministry of Micro, Small and Medium Enterprises (MoMSME).
  • Signed By:
    • Ms. Swati Sharma, Joint Secretary of MoRD
    • Ms. Mercy Epao, Joint Secretary of MoMSME
  • Presence of Key Officials:
    • Shri Shailesh Kumar Singh, Secretary, MoRD
    • Shri S C L Das, Secretary, MoMSME
    • Shri Charanjit Singh, Additional Secretary, MoRD
    • Senior officials from both ministries

Key Statements:

  • Ms. Swati Sharma: Emphasized the whole-of-government approach and empowerment of Lakhpati Didis.
  • Ms. Mercy Epao: Affirmed the strengthening of the partnership to support SHG Didis in entrepreneurship through MoMSME’s initiatives.

MoMSME’s Flagship Initiatives:

  • Yeshaswini – Apna Udyam: Initiative aimed at supporting rural women entrepreneurs.
  • Apni Pehchaan: Scheme to help SHG women in establishing their identity and brand.
  • Udyam Assist: Program designed to assist SHG women in business operations and growth.

Importance of Collaboration:

  • Enhances empowerment and entrepreneurial opportunities for rural women.
  • Leverages government schemes to provide comprehensive support to SHG women enterprises.
  • Reflects a unified government effort to improve rural entrepreneurship.

Important Terms Explained:

  • Self Help Groups (SHGs):
    • Community-based groups, often consisting of women, aimed at promoting financial independence and entrepreneurship.
  • Flagship Schemes:
    • Prominent and priority programs launched by a government ministry to address specific issues or promote certain sectors.

Static GK Information:

Titbits

Ministry of Rural Development (MoRD):

  • Founded Year: 1979
  • Headquarters: New Delhi, India
  • Minister: Giriraj Singh

Ministry of Micro, Small and Medium Enterprises (MoMSME):

  • Founded Year: 2007
  • Headquarters: New Delhi, India
  • Minister: Narayan Rane

Tabular Summary:

Event Collaboration to Boost SHG Women Enterprises
Date July 3, 2024
Location Krishi Bhawan, New Delhi
Primary Aim Formalize and strengthen SHG women-led rural enterprises
Ministries Involved Ministry of Rural Development (MoRD), Ministry of Micro, Small and Medium Enterprises (MoMSME)
Key Officials Present Ms. Swati Sharma (MoRD), Ms. Mercy Epao (MoMSME), Shri Shailesh Kumar Singh (MoRD), Shri S C L Das (MoMSME), Shri Charanjit Singh (MoRD)
Flagship Schemes Yeshaswini – Apna Udyam, Apni Pehchaan, Udyam Assist
Importance Enhances rural women’s entrepreneurship and financial independence

19. What was the primary focus of the Global IndiaAI Summit 2024 attended by Union Minister Ashwini Vaishnaw?
A) To promote tourism in India
B) To discuss the global thought process on AI and its associated risks
C) To enhance agricultural productivity
D) To improve renewable energy sources
E) To expand India’s space exploration programs
Answer: B) To discuss the global thought process on AI and its associated risks

Event and Location:

  • Event: Global IndiaAI Summit 2024
  • Location: New Delhi, India
  • Date: July 3, 2024

Key Participants:

  • Ashwini Vaishnaw, Union Minister of Electronics and Information Technology

Mandates and Objectives:

  • Primary Focus:
    • Discussing the global thought process on artificial intelligence (AI) and its associated risks.
    • Developing a consensus on how to address these risks collaboratively at a global level.
  • Key Statements:
    • Ashwini Vaishnaw: Emphasized the need for a global collaborative approach to address AI risks and harness its potential.
    • Summit Objective: Reflect on the experiences of the past year and devise a consensus on the way forward for AI.
  • Significance:
    • AI has the potential to solve many problems, but also poses risks that need to be managed.
    • The summit aims to foster international cooperation and collective thinking on AI governance and safety.

Important Terms Explained:

  • Artificial Intelligence (AI):
    • The simulation of human intelligence in machines that are programmed to think and learn like humans.
  • Global Thought Process:
    • An approach that involves collaboration and consensus-building among countries to address global challenges.

Static GK Information:

Titbits

Union Minister of Electronics and Information Technology (India):

  • Minister: Ashwini Vaishnaw
  • Headquarters: New Delhi, India
  • Founded Year: 2016

Tabular Summary:

Event Global IndiaAI Summit 2024
Location New Delhi, India
Date July 3, 2024
Key Participant Ashwini Vaishnaw, Union Minister of Electronics and Information Technology
Primary Focus Discuss the global thought process on AI and its associated risks
Objective Develop a consensus on addressing AI risks and harnessing its potential
Significance AI as a tool to solve problems, with a need for global cooperation to manage risks

20. What will be the primary focus areas of the 13th edition of Bengaluru India Nano?
A) Digital banking and tourism
B) Renewable energy and space exploration
C) Sustainability, climate change, and healthcare applications
D) Agricultural productivity and transportation
E) Urban development and infrastructure
Answer: C) Sustainability, climate change, and healthcare applications

Event and Location:

  • Event: 13th Edition of Bengaluru India Nano
  • Location: Bengaluru, India
  • Date: August 2024

Mandates and Objectives:

  • Primary Focus Areas:
    • Sustainability: Innovations in nanotechnology that contribute to sustainable development.
    • Climate Change: Nanotech solutions to mitigate and adapt to climate change impacts.
    • Healthcare Applications: Advancements in nanotechnology for healthcare and medical treatments.

Significance:

  • Flagship Event: Bengaluru India Nano is India’s premier event in the nanotech sector, showcasing the latest advancements and innovations.
  • Sectoral Impact: Emphasis on critical areas such as sustainability, climate change, and healthcare highlights the role of nanotechnology in addressing global challenges.

Important Terms Explained:

  • Nanotechnology:
    • The science, engineering, and application of materials and devices with structures and properties at the nanoscale, typically less than 100 nanometers.
  • Sustainability:
    • Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
  • Climate Change:
    • Long-term changes in temperature, precipitation, wind patterns, and other aspects of the Earth’s climate system, often linked to human activities.

Static GK Information:

Titbits

Karnataka:

  • Capital: Bengaluru
  • Chief Minister: Basavaraj Bommai
  • Minister of Minor Irrigation and Science and Technology: NS Boseraju

Tabular Summary:

Event 13th Edition of Bengaluru India Nano
Location Bengaluru, India
Date August 2024
Announced By NS Boseraju, Karnataka Minister of Minor Irrigation and Science and Technology
Primary Focus Areas Sustainability, climate change, healthcare applications
Significance Showcase of latest advancements and innovations in nanotechnology

21. What is the primary aim of the CSR Connect initiative launched by CII?
A) To promote tourism in the North-East
B) To boost corporate investment in North-East social development
C) To develop renewable energy projects in the North-East
D) To enhance digital infrastructure in urban areas
E) To improve agricultural productivity in the North-East
Answer: B) To boost corporate investment in North-East social development

Event and Location:

  • Event: Launch of CSR Connect
  • Location: New Delhi, India
  • Date: July 3, 2024

Mandates and Objectives:

  • Primary Aim:
    • Boost corporate investment in the socio-economic development of the North-Eastern region of India through impactful programmes.
  • Significance:
    • Bridge the Gap: Connect the corporate sector with the North-East’s socio-economic development needs.
    • Partnership: Collaborative effort between the Confederation of Indian Industry (CII) and the government.

Key Features:

  • Impactful Programmes: Design and implement programmes that address key social and economic issues in the North-East.
  • Corporate Participation: Encourage corporations to invest in and support the development of the region through their Corporate Social Responsibility (CSR) initiatives.

Important Terms Explained:

  • CSR (Corporate Social Responsibility):
    • A business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing CSR, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
  • Confederation of Indian Industry (CII):
    • A non-government, not-for-profit, industry-led, and industry-managed organization that works to create and sustain an environment conducive to the development of India.

Static GK Information:

Titbits

Ministry of Development of North-Eastern Region:

  • Founded Year: 2001
  • Headquarters: New Delhi, India
  • Minister of State: Sukanta Majumdar

Tabular Summary:

Event Launch of CSR Connect Initiative
Location New Delhi, India
Date July 3, 2024
Announced By Sukanta Majumdar, Minister of State, Ministry of Development of North-Eastern Region
Primary Aim Boost corporate investment in North-East social development
Key Features Bridge the gap between corporate sector and socio-economic development, impactful programmes, corporate participation
Significance Encourages corporations to support the region through CSR initiatives


Over All Review

Important Days

  • World Sports Journalists Day celebrates sports journalists and promotes sports on July 2.
  • International Plastic Bag Free Day, observed on July 3, fights plastic pollution through global action.

Sports 

  • India tops U23 Asian Wrestling Championship 2024 in Jordan with 8 medals, including 4 golds.

Obituary

  • Former India midfielder Bhupinder Singh Rawat, nicknamed “Scooter,” dies at 85 in Surat.

Banking and Finance 

  • RBI joins Project Nexus to enable instant cross-border retail payments with ASEAN countries.
  • SabPaisa (SRS Live Technologies) receives RBI Payment Aggregator license, enhancing its position in the fintech industry.
  • India signs $170 million loan agreement with ADB to enhance pandemic preparedness and strengthen health infrastructure.
  • Paytm launches ‘Health Saathi’ plan, providing affordable healthcare and income protection for merchants at ₹35/month.

Business And Economy

  • TAFE Motors and Deutz AG sign pact to manufacture engines for Indian and global markets, enhancing competitiveness.

Defence

  • Exercise Maitree 2024 fosters Indo-Thai military cooperation through joint counter-terrorism drills.
  • India-Mongolia military exercise Nomadic Elephant 2024 in Meghalaya focuses on enhancing counter-insurgency capabilities.

International Affairs

  • Hungary’s EU Council presidency focuses on enhancing EU competitiveness and addressing key challenges.
  • GPAI aims to harness AI’s potential for good, focusing on human-centric, safe, and trustworthy AI.

National Affairs

  • Andhra Pradesh CM Naidu launches enhanced social security pension of ₹4,000 per month.
  • NIRMAN Portal launched by Shri G Kishan Reddy supports meritorious UPSC aspirants with ₹1,00,000.
  • DMF Gallery inaugurated by G. Kishan Reddy showcases SHG products from mining-affected areas.
  • NITI Aayog launches ‘Sampoornata Abhiyan’ to achieve saturation in key indicators in Aspirational Districts and Blocks.
  • MoRD and MoMSME collaborate to strengthen SHG women-led rural enterprises through flagship schemes.
  • Union Minister Ashwini Vaishnaw emphasizes global cooperation on AI risks at Global IndiaAI Summit 2024 in Delhi.
  • Bengaluru India Nano 2024 to focus on sustainability, climate change, and healthcare applications in August.
  • CII launches CSR Connect to enhance corporate investment in North-East India’s social development, announced by Sukanta Majumdar.

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