Daily Current Affairs July 05

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 05. 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 05| Daily Current Affairs 2023

Sports – Daily Current Affairs July 05

1. Which country won the 9th title in the SAFF Championship 2023 Final?
A) Bangladesh
B) Maldives
C) Nepal
D) Sri Lanka
E) India
Answer: E) India

• Winner: India (9th title)
• Runner: Kuwait
• Edition: 14th
• Held: Bengaluru’s Sree Kanteerava Stadium

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Banking and Finance – Daily Current Affairs July 05

2. Which bank has recently launched a private banking business in India specifically catering to high-net-worth individuals?
A) State Bank of India (SBI)
B) HDFC Bank
C) ICICI Bank
D) HSBC
E) Axis Bank
Answer: D) HSBC

• London-based HSBC has launched its global private banking business in India to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) professionals, entrepreneurs and their families.
• The new business is aimed at clients with investable assets of more than $2 million
  HSBC Group acquired L&T Investment Management in 2022, now called HSBC Mutual Fund. It has also been working to enhance digital, payment, lending and international banking services, and provide life insurance through its joint venture, Canara HSBC Life.
• This launch follows HSBC Group introducing global private banking in Thailand in 2021, and in Mexico, UAE, and Chengdu, Hangzhou and Shenzhen in mainland China in 2022.

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3. Which startup has received the NBFC (Non-Banking Financial Company) license from the Reserve Bank of India (RBI) for education financing?
A) Propelld
B) Paytm
C) Byju’s
D) UpGrad
E) Unacademy
Answer: A) Propelld

• Education lending Fintech startup, Propelld procured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).
• With this, the company aims to disburse loans worth 2000 Cr by FY24 and looks to bolster its direct lending proposition.
• Up until now, Propelld has provided lending solutions by partnering with NBFCs. With the newly obtained license, the company will also have the ability to lend directly along with functioning as a loan service provider (LSP).
• Through its collaboration with over 2000 educational institutes, Propelld has already assisted more than 200,000 customers in achieving their educational aspirations.
• The acquisition of the NBFC license has the potential to enhance Propelld’s customer delight, particularly in tier two and tier three cities, by providing improved services such as tailored loan products, flexible repayment options and competitive interest rates to more diverse borrower profiles.

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4. Which two organizations have partnered for a FASTag-based smart parking solution at Varanasi airport?
A) Airtel Payments Bank and Paytm
B) Airtel Payments Bank and PhonePe
C) Airtel Payments Bank and Google Pay
D) Airtel Payments Bank and Park+
E) Airtel Payments Bank and Amazon Pay
Answer: D) Airtel Payments Bank and Park+

• Airtel Payments Bank, a FASTag issuer, has collaborated with Park+ to enable FASTag-based smart parking solution at Varanasi’s Lal Bahadur Shastri Airport.
• The FASTag-based smart parking solution enables automatic cashless payments at airport parking, making vehicle movement in the parking zone frictionless and time efficient.
• The parking fee payment is deducted through the valid FASTag associated with the vehicle, a process that reduces time required to make the payment.
• Founded in 2019 by Amit Lakhotia, Park+ is an app for car owners that solves the daily challenges faced by car owners, ranging from parking, FASTag management, car insurance, automated vehicle access control systems and EV charging stations.

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5. Which Bangalore-based financial institution has integrated the UPI (Unified Payments Interface) feature in its broking platform with the ‘Pay’ feature?
A) Groww
B) Zerodha
C) Upstox
D) Paytm Money
E) Angel Broking
Answer: A) Groww

• Groww, a Bangalore-based financial institution, has integrated UPI feature in its broking platform with ‘Pay’ feature, as per Inc42.
• The integration is backed by NPCI (National Payments Corporation of India), along with several billers through the Bharat Bill Payment system.
• The movement is focused on bringing audience to the platform as market tends to tumble.
• Groww made Unified Payments Interface (UPI) available to let users pay peer-to-peer and to merchants through the platform.
• The Pay feature can be used to repay loans or credit card bills, recharge purposes, electricity payment, and more.

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Appointments – Daily Current Affairs July 05

6. Who was elected as the president of the Basketball Federation of India (BFI)?
A) Aadhav Arjuna
B) Rahul Kapoor
C) Sanjay Sharma
D) Rajesh Patel
E) Neha Singh
Answer: A) Aadhav Arjuna

• In a recent election held at Nehru Stadium, Aadhav Arjuna, the president of the Tamil Nadu Basketball Association (TNBA), emerged as the winner and secured the position of president of the Basketball Federation of India (BFI).
• Aadhav’s victory was remarkable, as he received an overwhelming 38 out of the 39 votes, defeating the incumbent president, K Govindaraj.
• Another notable election result was the appointment of Kulvinder Singh Gill, a former player and the president of the Madhya Pradesh Basketball Association, as the secretary general of the BFI.

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7. Who was appointed as the chief selector of the senior men’s selection committee for Team India?
A) Ajit Agarkar
B) Rahul Dravid
C) Sourav Ganguly
D) Anil Kumble
E) Sachin Tendulkar
Answer: A) Ajit Agarkar

• Former India all-rounder Ajit Agarkar was appointed as the chief selector of the Team India’s senior men’s selection committee
• Agarkar represented the country in 26 Tests, 191 ODIs, and four T20Is, in addition to playing 110 first-class, 270 List A, and 62 T20 matches
• Agarkar was part of India’s victorious squad in the inaugural T20 World Cup held in South Africa in 2007. He still holds the record for the fastest half-century by an Indian batter in ODI, achieved with a 21-ball fifty against Zimbabwe in 2000.
• Agarkar has a Test hundred at Lord’s and played a big part in India’s Test victory in Australia, back in 2004, with a six-wicket haul in the Adelaide game.
• He also held the record for being the fastest to reach 50 ODI wickets for nearly a decade, accomplishing the milestone in just 23 matches.
• Following his playing career, he was appointed as the chief selector for the senior Mumbai team and undertook coaching responsibilities with the Delhi Capitals.
• Men’s Selection Committee: Ajit Agarkar (Chairman), Shiv Sundar Das, Subroto Banerjee, Salil Ankola, Sridharan Sharath.

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8. How long was the tenure of NATO’s alliance chief, Jens Stoltenberg?
A) One year
B) Two years
C) Three years
D) Four years
E) Five years
Answer: A) One year

• NATO Secretary-General Jens Stoltenberg will stay in office for another year, the 31-nation military alliance decided.
• Stoltenberg, a former Norwegian prime minister, has been NATO’s top civilian official since 2014.
• It’s the fourth time Stoltenberg has had his mandate extended.
• He’s the second-longest serving NATO secretary-general after former Dutch foreign minister Joseph Luns, who spent almost 13 years at the helm from 1971.

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Science and Technology – Daily Current Affairs July 05

9. Which institution successfully created India’s first 100% Dimethyl Ether (DME)-fueled tractor for both on- and off-road operations?
A) IIT Bombay
B) IIT Delhi
C) IIT Madras
D) IIT Kanpur
E) IIT Kharagpur
Answer: D) IIT Kanpur

• Researchers at IIT Kanpur have successfully created India’s first 100% Dimethyl Ether (DME)-fueled tractor for both on- and off-road operations.
• This shows a significant step toward a sustainable and renewable fuel-based transportation system.
• This discovery opens a new chapter in the country’s search for alternative fuels in order to minimize reliance on imported crude oil and promote a greener future.
• DME, a renewable and indigenous fuel, has been used for vehicle power by a number of countries, including Japan, the United States, China, Sweden, Denmark, and Korea.
• However, until today, the application of DME in internal combustion (IC) engines has remained unexplored in India.
• The Science and Engineering Research Board (SERB), an institution under the Department of Science and Technology (DST), funded the research, which was connected with NITI Ayog’s ‘Methanol Economy’ program.
• The engine prototype that was built was successfully mounted in a tractor and operated by the industrial partner, TAFE TMTL, Alwar.

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10. Which Bengaluru firm launched India’s first hand-held navigation device based on NavIC (Navigation with Indian Constellation) technology?
A) Elena Geo Systems
B) GeoNav Systems
C) NaviTech Solutions
D) SatNav Technologies
E) GeoTrack Innovations
Answer: A) Elena Geo Systems

• In a major boost to India’s pursuit of ‘aatmanirbharta’ (self-reliance) in navigation applications and services, Bengaluru-based firm Elena Geo Systems launched a handheld NavIC-based navigator.
• The navigation device, which can provide precise directions in tasks related to infrastructure projects involving railway, land survey, telecoms and hydrocarbon exploration, was unveiled on the occasion of World Telecom Day in New Delhi.
• This comes nearly a month after the company launched a Navigation with Indian Constellation (NavIC)-based indigenously designed chip to meet the requirements of services ranging from cab aggregators to the country’s defence forces.
• The Telecom Centres of Excellence India (TCOE India), the implementing agency for the DCIS scheme, had extended a grant of Rs 50 lakh under to the company for the project, with the total cost of developing the hardware coming to around Rs 2 crore.
• Incubated at IIT-Kharagpur in 2012 as a research & development company, Elena Geo Systems seeks to transform navigation in India by providing end-to-end NavIC-enabled services and products.

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International Affairs – Daily Current Affairs July 05

11. Where is the seventh edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) being conducted?
A) Mumbai
B) Kolkata
C) Chennai
D) Visakhapatnam
E) Kochi
Answer: D) Visakhapatnam

• The seventh edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) hosted by the Indian Navy, is being conducted at/ off Visakhapatnam from 05 -10 July 2023.
• This edition marks the 11th anniversary of JIMEX, since its inception in 2012.
• Japan Maritime Self Defence Force (JMSDF) units under the command of RAdm Nishiyama Takahiro, Commander Escort Flotilla One, and Indian Naval ships under the command of RAdm Gurcharan Singh, Flag Officer Commanding Eastern Fleet are participating in the exercise.
• JIMEX 23 will witness the participation of INS Delhi, India’s first indigenously built Guided Missile Destroyer, INS Kamorta, an indigenously designed and built Anti-Submarine Warfare Corvette, fleet tanker INS Shakti, a submarine, maritime patrol aircraft P8I and Dornier, ship-borne helicopters and fighter aircraft.
• JMSDF will be represented by the guided missile destroyer JS Samidare and its integral helicopters.
• The exercise will be conducted over six days in two phases – a Harbour Phase at Visakhapatnam comprising professional, sports and social interactions, after which, the two navies will jointly hone their warfighting skills at sea and enhance their interoperability through complex multi-discipline operations in the surface, sub-surface and air domains.

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National Affairs – Daily Current Affairs July 05

12. Which organizations signed a Memorandum of Understanding (MoU) for cooperation in Unmanned Aircraft Systems and Innovative Air Mobility?
A) Directorate General of Civil Aviation (DGCA) India and International Civil Aviation Organization (ICAO)
B) European Union Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA)
C) Directorate General of Civil Aviation (DGCA) India and European Union Aviation Safety Agency (EASA)
D) International Civil Aviation Organization (ICAO) and Federal Aviation Administration (FAA)
E) European Union Aviation Safety Agency (EASA) and International Civil Aviation Organization (ICAO)
Answer: C) Directorate General of Civil Aviation (DGCA) India and European Union Aviation Safety Agency (EASA)

• The Directorate General of Civil Aviation (DGCA) India has signed a Memorandum of Understanding (MoU) with the European Union Aviation Safety Agency (EASA) for cooperation in Unmanned Aircraft Systems and Innovative Air Mobility.
• This MoU will focus on collaboration on unmanned aircraft and innovative air mobility between the two civil aviation authorities
• This collaboration would include cooperation between DGCA and EASA in the areas of development of certification standards and environmental standards and related requirements for the certification and use of unmanned aircraft systems and innovative air mobility operations which includes licensing of personnel, training, air traffic management and infrastructure, including Unmanned Aircraft System Traffic Management (UTM) standards and services.
• During EU-India Aviation Summit held in New Delhi on 20th April 2023, DGCA had signed a letter of intent (LoI) on Unmanned Aircraft Systems and Innovative Air Mobility with the European Union Aviation Safety Agency (EASA).

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13. How much worth of memorandums of understanding (MoUs) did the Himachal Pradesh government sign for manufacturing drones to promote technology-driven governance in the state?
A) Rs 50 crore
B) Rs 100 crore
C) Rs 150 crore
D) Rs 200 crore
E) Rs 250 crore
Answer: D) Rs 200 crore

• The Himachal Pradesh government signed memorandums of understanding (MoUs) worth Rs 200 crore to manufacture drones with an aim to promote technology-driven governance in the state
• The state government signed MoUs with FICCI to promote the use of drones in governance. They also signed agreements with Abecode Technologies Private Limited and Dronetech Solutions Private Limited for investment
• An MoU was signed with SkyeAir for an unmanned traffic management solution to oversee flight operations, in collaboration with the Department of Digital Technologies and Governance, Chaudhary Sarwan Kumar Himachal Pradesh Agricultural University (CSKHPKV) and IIT Ropar, it added.
• The collaboration between CSKHPKV and IIT Ropar focuses on areas such as AI-based digital entomology, livestock management, cold chain management and precision agriculture, including drone technologies.
• Chief Minister Sukhvinder Singh Sukhu who virtually addressed the concluding ceremony of the ‘Drone conclave’ organised in Kangra’s Palampur assured to extend all possible support and required facilities to the investors.

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14. Where did the 3-Day International Conference on Green Hydrogen take place?
A) Mumbai
B) Kolkata
C) Chennai
D) New Delhi
E) Bengaluru
Answer: D) New Delhi

• The three-day International Conference on Green Hydrogen (ICGH-2023), being organized during 5th – 7th July 2023 at Vigyan Bhawan, New Delhi by the Government of India, was inaugurated, by the Union Minister for Power and New and Renewable Energy Shri R. K. Singh.
• The conference is being organized by the Ministry of New and Renewable Energy, in partnership with the Ministry of Petroleum and Natural Gas, Council of Scientific and Industrial Research, Office of Principal Scientific Advisor to Government of India and the Confederation of Indian Industry.
• The fundamental aim of the Conference is to explore how we can establish a Green Hydrogen ecosystem and foster a systemic approach for meeting the global goals for decarbonization through Green Hydrogen.
• The National Green Hydrogen Mission was launched by the Government of India on 4th January 2023, as part of its decarbonization strategy.
• The Mission places significant emphasis on R&D in green hydrogen and aims to make India a global hub of Green Hydrogen production, utilization, and export.

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15. Which ministry launched the “Scheme for Expansion and Modernization of Fire Services in the States” with a total outlay of Rs. 5,000 Crore?
A) Ministry of Finance
B) Ministry of Defence
C) Ministry of Home Affairs
D) Ministry of External Affairs
E) Ministry of Health and Family Welfare
Answer: C) Ministry of Home Affairs

• The Union Ministry of Home Affairs, has launched a “Scheme for Expansion and Modernization of Fire Services in the States” from the earmarked allocation of Preparedness and Capacity Building Funding Window under the National Disaster Response Fund (NDRF) for strengthening fire services in the States with a total outlay of Rs. 5,000 crore.
• An amount of Rs. 500 crore, out of the total outlay, has been kept for incentivizing the States on the basis of their legal and infrastructure-based reforms.
• Union Home Minister and Minister of Cooperation, Shri Amit Shah had announced the scheme while chairing a meeting with Ministers of Disaster Management of the States/Union Territories in New Delhi
• Objective of the scheme is to expand and modernize Fire Services in the States with a view that activities for strengthening of fire services at the State-level through preparedness and capacity-building component of the NDRF will be ensured.
• For seeking funds for the projects/proposals under the Scheme, the concerned State Governments shall have to contribute 25% (except for the North-Eastern and Himalayan (NEH) States which shall contribute 10%) of total cost of such projects / proposals from their budgetary resources.
• The Scheme finds its origin from the recommendation of the Fifteenth Finance Commission (XV-FC) which allows an allocation of 12.5 percent of each of the National Disaster Response Fund (NDRF) and State Disaster Response Fund (SDRF) [10% of the total corpus of the National Disaster Risk Management Fund (NDRMF) and the State Disaster Risk Management Fund (SDRMF)] for the Funding Window of Preparedness and Capacity Building.
• Out of the total National Disaster Response Fund (NDRF) corpus, an amount of Rs. 5,000 Crore was earmarked for priority “Expanding and Modernization of Fire Services”.

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16. Where did the fourth edition of the Space Economy Leaders Meeting, under India’s G20 presidency, begin?
A) New Delhi
B) Mumbai
C) Bengaluru
D) Kolkata
E) Chennai
Answer: C) Bengaluru

• As part of India’s G20 Presidency, the fourth edition of the Space Economy Leaders Meeting began in Bengaluru.
• Addressing the delegates during the inaugural event, Union Minister Dr. Jitendra Singh.
• The two-day meeting on the theme ‘Towards a New Space Era has participation from the Heads of National Space Agencies, leaders of space industries of G20 Countries and various guest nations.
• It will discuss the responsibilities of the space faring nations for an enhanced share of space economy in the global economy.
• Also, G-20 Research & Innovation Initiative Gathering Summit and Research Ministers’ Meeting concludes in Mumbai
• India hosted a total of 5 meetings and conferences across India under priority topics of i) Materials for sustainable energy; ii) Circular bio-economy; iii) Eco-innovations for energy transition; and iv) Scientific challenges and opportunities towards achieving sustainable blue-economy, which signifies the importance of Research and Innovation for inclusive societal development and growth.
• The meetings and conferences were held at Kolkata, Ranchi, Dibrugarh, Dharamshala, Diu before the conclusive one in Mumbai.

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Over All Review

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