Daily Current Affairs July 06 & 07

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 06 & 07. 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 06 & 07 | Daily Current Affairs 2024

Important Days – Daily Current Affairs July 06 & 07

1. What is the theme of World Zoonoses Day 2024?
A) Prevent Zoonoses: Save Lives
B) One Health, One World
C) Zoonoses: The Hidden Threat
D) One World, One Health: Prevent Zoonoses
E) Break the Cycle of Zoonoses
Answer: D) One World, One Health: Prevent Zoonoses

Event and Location:

• Event: World Zoonoses Day 2024
• Date: July 6, 2024
• Location: Global observance

Mandates and Objectives:

• Objective: Raise awareness about zoonotic diseases (diseases transmitted from animals to humans)
• Historical Significance: Commemorates the successful administration of the first rabies vaccine by Louis Pasteur on July 6, 1885

Zoonotic Diseases:

• Definition: Diseases that spread from vertebrate animals to humans and vice versa
• Types of Pathogens:
  • Viruses
  • Bacteria
  • Fungi
  • Protozoa
  • Parasites
• Transmission Methods:
  • Direct contact with infected animals’ body fluids (saliva, blood, urine, mucus, feces)
  • Indirect contact with contaminated environments
  • Consumption of contaminated food or water
  • Bites from vectors (ticks, mosquitoes, fleas)

2024 Theme:

• Theme: “One World, One Health: Prevent Zoonoses”
  • Emphasis: Breaking the transmission cycle to prevent future pandemics like COVID-19

Examples of Zoonotic Diseases:

• Bacterial Zoonoses: Anthrax, salmonellosis, tuberculosis, Lyme disease, brucellosis, plague
• Viral Zoonoses: Rabies, AIDS (acquired immune deficiency syndrome), Ebola, avian influenza (COVID)
• Parasitic Zoonoses: Echinococcosis, trichinosis, toxoplasmosis, trematodosis, giardiasis, malaria
• Fungal Zoonoses: Ringworm

Static GK Information:

• Louis Pasteur: French biologist who administered the first rabies vaccine on July 6, 1885

Tabular Summary:

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2. What is the theme for the International Day of Cooperatives 2024?
A) Multilateral Solutions for a Better Tomorrow
B) Co-operatives and Climate Action
C) Cooperatives Building a Better Future for All
D) Sustainable Development through Cooperatives
E) Cooperatives: Unity in Diversity
Answer: C) Cooperatives Building a Better Future for All

Event and Location:

• Event: International Day of Cooperatives
• Date: July 6, 2024
• Location: Worldwide observance

Mandates and Objectives:

• Objective: Celebrate and showcase cooperatives’ contributions to sustainable development and the Sustainable Development Goals (SDGs)
• Theme: “Cooperatives Building a Better Future for All”
  • Alignment: With the upcoming UN Summit of the Future theme “Multilateral solutions for a better tomorrow”

Cooperatives’ Contributions:

• Economic and Social Development:
  • Promote inclusive and sustainable growth
  • Serve as stewards for the environment and fight climate change
  • Foster democratic governance and shared ownership
  • Set examples for peace and stability
  • Support marginalized groups
• Sustainable Development Goals: Accelerate efforts to implement SDGs by 2030
• 2025 International Year of Cooperatives: Build momentum towards this event

Background:

• Co-operative Movement:
  • Recognized as a major stakeholder in national and international affairs
  • Open membership model promotes wealth creation and poverty elimination
  • Community-based focus ensures sustainable development
  • People-centered approach distributes wealth more fairly
• Global Impact:
  • Committed to bringing the benefits of their model globally
  • Aspires to govern globalization with cooperative values to prevent inequality and excesses
  • Highly democratic, locally autonomous, but internationally integrated

Static GK Information:

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Sports – Daily Current Affairs July 06 & 07

3. Who is leading India’s 28-member athletics squad for the 2024 Paris Olympics?
A) Avinash Sable
B) Tajinderpal Singh Toor
C) Neeraj Chopra
D) Jyothi Yarraji
E) Sarvesh Anil Kushare
Answer: C) Neeraj Chopra

Event and Location:

• Event: Announcement of India’s 28-member athletics squad for the 2024 Paris Olympics
• Location: Paris, France

Mandates and Objectives:

• Team Leader:
  • Neeraj Chopra: Reigning Olympic and world champion in men’s javelin throw
• Team Composition:
  • Total Members: 28 athletes (17 men and 11 women)
• Notable Athletes:
  • Men: Avinash Sable (3,000m steeplechase), Tajinderpal Singh Toor (shot put), Kishore Kumar Jena (javelin throw)
  • Women: Jyothi Yarraji (100m hurdles), Parul Chaudhary (3,000m steeplechase and 5,000m), Abha Khatua (shot put)
• Selection Criteria:
  • Based on performances, world rankings, and qualifying marks
• Upcoming Inclusion:
  • Jeswin Aldrin: Expected to join after the formal notification of M Sreeshankar’s withdrawal due to injury

Important Terms Explained:

• Diamond League: A series of elite track and field athletic competitions.
• Steeplechase: A distance race in track and field which includes barriers and water jumps.
• Mixed Marathon Race Walk: A team event in race walking combining male and female athletes.

Static GK Information:

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4. Which cities will host the 133rd edition of the Durand Cup in 2024?
A) Kolkata, Delhi, Bangalore, Jamshedpur
B) Shillong, Guwahati, Kolkata, Kokrajhar
C) Kolkata, Shillong, Jamshedpur, Kokrajhar
D) Delhi, Mumbai, Kolkata, Guwahati
E) Kolkata, Hyderabad, Pune, Shillong
Answer: C) Kolkata, Shillong, Jamshedpur, Kokrajhar

Event and Location:

• Event: 133rd edition of the Durand Cup football tournament
• Location: Four cities – Kolkata, Shillong, Jamshedpur, Kokrajhar

Mandates and Objectives:

• Dates:
  • Start Date: July 27, 2024
  • End Date: August 31, 2024
• Organizers: HQ Eastern Command of the Indian Army, Durand Football Tournament Society (DFTS)
• Host Cities:
  • Kolkata: Host for the last five years
  • Kokrajhar: Hosting for the second consecutive year
  • Jamshedpur and Shillong: New additions as host cities
• Participation:
  • Teams: 24 teams from Indian Super League, I-League, Armed Forces, and invitational teams
  • Format: Round-robin league-cum-knockout, with 43 matches
  • Group Stage: 24 teams divided into six groups; group toppers and two best second-placed teams advance to knockout stage
• Final Venue: Vivekananda Yuba Bharati Krirangan (VYBK), Kolkata

Important Terms Explained:

• Durand Cup: Asia’s oldest football tournament, inaugurated in 1888.
• Round-robin league-cum-knockout format: Teams play against each other in groups, with top teams advancing to knockout rounds.
• Vivekananda Yuba Bharati Krirangan (VYBK): Also known as Salt Lake Stadium, located in Kolkata, West Bengal.

Static GK Information:

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Obituary – Daily Current Affairs July 06 & 07

5. When did veteran actor Smriti Biswas pass away, and at what age?
A) July 1, 2024, at the age of 95
B) July 3, 2024, at the age of 100
C) July 5, 2024, at the age of 98
D) July 2, 2024, at the age of 101
E) July 4, 2024, at the age of 99
Answer: B) July 3, 2024, at the age of 100

Event and Location:

• Event: Death of veteran actor Smriti Biswas
• Location: Nashik, India

Mandates and Objectives:

• Date of Death: July 3, 2024
• Age: 100 years
• Cause of Death: Age-related illness

Life and Career:

• Active Years: 1930-1960
• Early Career: Started as a child artiste
• Debut Film: 1930 Bengali film “Sandhya”
• Final Film: 1960 movie “Model Girl”
• Career Highlights:
  • Worked in Bengali, Hindi, and Marathi films
  • Notable Films: “Nek Dil,” “Aparajita,” “Hamsafar,” “Hamdard,” “Chitgaon,” “Baap Re Baap”
  • Worked with prominent directors like Guru Dutt, V Shantaram, Mrinal Sen, Bimal Roy, BR Chopra, and Raj Kapoor
  • Shared screen with actors like Dev Anand, Kishore Kumar, and Balraj Sahni
• Personal Life:
  • Married filmmaker SD Narang and left acting post-marriage
  • Moved to Nashik after her husband’s death in 1986
  • Survived by her sons Satyajeet and Rajeev

Static GK Information:

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Banking and Finance – Daily Current Affairs July 06 & 07

6. Which bank was penalized ₹1.31 crore by the RBI for non-compliance with directions regarding loans and advances and KYC?
A) The Gujarat Rajya Karmachari Co-operative Bank
B) The Rohika Central Co-operative Bank
C) Punjab National Bank
D) The National Co-operative Bank
E) The Bank Employees’ Co-operative Bank
Answer: C) Punjab National Bank

Event and Location:

• Event: RBI imposes penalties on five banks
• Location: India

Mandates and Objectives:

• Punjab National Bank (PNB) Penalty:
  • Amount: ₹1.31 crore
  • Reason: Non-compliance with RBI directions on ‘Loans and Advances: Statutory and Other Restrictions’ and ‘Reserve Bank of India (Know Your Customer (KYC) Direction, 2016’
  • Date: July 3, 2024
• Other Banks Penalized:
  • The Gujarat Rajya Karmachari Co-operative Bank: Located in Gujarat
  • The Rohika Central Co-operative Bank: Located in Madhubani, Bihar
  • The National Co-operative Bank: Located in Mumbai
  • The Bank Employees’ Co-operative Bank: Located in West Bengal

Important Terms Explained:

• Statutory Inspection for Supervisory Evaluation (ISE 2022): An inspection conducted by the RBI to evaluate the financial position and regulatory compliance of banks.
• Banking Regulation Act, 1949: An act that regulates all banking firms in India, including provisions for penalties and compliance.
• Know Your Customer (KYC): A process used by banks to verify the identity of their clients to prevent money laundering and other illegal activities.

Static GK Information:

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7. What is the primary objective of LIC’s ‘Jeevan Samarth’ project?
A) Expand overseas operations
B) Transform agency ecosystem
C) Launch new insurance products
D) Increase stake in other banks
E) Reduce operational costs
Answer: B) Transform agency ecosystem

Event and Location:

• Event: Launch of LIC’s ‘Jeevan Samarth’ project.
• Location: India.

Mandates and Objectives:

• Objective of LIC: To transform the agency ecosystem to better align with the evolving needs of Indian families.
• Objective of the Transformation: Enhance the agency framework, provide agents with more tools and skills, and establish global best practices in the insurance sector.

Important Terms Explained:

• ‘Jeevan Samarth’ Project:
  • An agency transformation project undertaken by LIC to meet the evolving needs of customers.
• A T Kearney:
  • A global management consulting firm partnering with LIC to review and revamp the existing agency framework.

Static GK Information:

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8. What is one of the new features introduced by Indian Overseas Bank for its customers?
A) Foreign currency exchange
B) Enhanced savings account variants
C) International remittance services
D) New credit card offers
E) Mortgage refinancing
Answer: B) Enhanced savings account variants

Event and Location:

• Event: Indian Overseas Bank launches upgradation facility on savings schemes.
• Location: Chennai, India.

Mandates and Objectives:

• Objective of Indian Overseas Bank: To simplify banking processes and enhance customer experience by leveraging digital technology.
• Objective of the Upgradation: To provide customers with enhanced features and greater flexibility through higher variants of savings accounts like “SB Max” and “SB HNI.”

Important Terms Explained:

• Savings Scheme Upgradation:
  • Introduction of enhanced savings account variants offering concessions, waivers, and additional features.
• Digilocker:
  • A digital locker service by the Government of India that allows citizens to securely store and access documents online. Indian Overseas Bank now allows customers to access their loan account statements through this service.

Static GK Information:

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Business and Economy – Daily Current Affairs July 06 & 07

9. How many Integra Essentia shares will be issued to GG Engineering shareholders for every 100 GG Engineering shares after the amalgamation?
A) 100
B) 50
C) 48
D) 24
E) 12
Answer: C) 48

Event and Location:

• Event: Approval of amalgamation between Integra Essentia and GG Engineering
• Location: India

Mandates and Objectives:

• Amalgamation Details:
  • Shares Issued: 48 Integra Essentia shares for every 100 GG Engineering shares
  • Share Face Value: INR 1 each
• Benefits of Amalgamation:
  • For GG Engineering Shareholders: Reduced finance costs, improved profitability, additional resources for growth
  • For Integra Essentia Shareholders: Business expansion, cost savings, increased value through synergies
  • Overall Benefits: Business and operational synergies, improved financial performance, enhanced growth opportunities
• Strategic Objectives:
  • Preserve and expand businesses
  • Build a solid foundation
  • Achieve market competitiveness
  • Create long-term value for stakeholders

Important Terms Explained:

• Amalgamation: The combination of two or more companies into a single entity, aimed at creating synergies and improving financial and operational efficiencies.
• Penny Stock: A small-cap stock that trades at a low price per share, often subject to higher volatility.
• Face Value: The nominal or dollar value of a security stated by the issuer.

Static GK Information:

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10. What unique feature does the Ageas Federal Life Insurance Golden Years Pension Plan offer to encourage early retirement planning for individuals aged 18-35?
A) High interest rate
B) Early Investment Booster
C) Additional tax benefits
D) Free annual health check-ups
E) Premium holiday option
Answer: B) Early Investment Booster

Event and Location:

• Event: Launch of Ageas Federal Life Insurance Golden Years Pension Plan featuring Bluechip Pension Fund
• Location: India

Mandates and Objectives:

• Plan Overview:
  • Type: Unit Linked Individual Pension Plan (ULIP)
  • Returns: Linked to the performance of the Bluechip Pension Fund
  • Participation: Non-participating (no share in insurer’s profits but protected from losses beyond invested amount)
• Unique Features:
  • Early Investment Booster: Additional allocations for early retirement planning for ages 18-35
• Golden Waiver of Premium: Waives future premiums upon policyholder’s death to continue retirement savings for beneficiaries
• Entry Ages:
  • Classic Option: 18 to 70 years
  • Golden Waiver of Premium Option: Up to 60 years
• Other Benefits:
  • Guaranteed Loyalty Booster: Annual increases with timely premium payments and active policy status
  • Refund of Premium Allocation Charges: Enhances the plan’s value
  • Death Benefit: 105% of total premiums paid, with future premiums waived under the Golden Waiver of Premium Option

Important Terms Explained:

• Unit Linked Individual Pension Plan (ULIP): A retirement plan combining investment and insurance, where returns depend on the performance of a designated investment fund.
• Early Investment Booster: A feature offering extra allocations to policyholders who start their retirement planning early, specifically aimed at individuals aged 18-35.
• Bluechip Stocks: Shares in large, well-established, and financially sound companies known for their reliable performance.
• Golden Waiver of Premium: A provision that ensures future premiums are waived upon the policyholder’s death, maintaining the retirement savings plan for beneficiaries.

Static GK Information:

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11. For how many years has BPCL partnered with the Indian Olympic Association (IOA) as the official principal partner?
A) 2 years
B) 3 years
C) 4 years
D) 5 years
E) 6 years
Answer: C) 4 years

Event and Location:

• Event: Partnership between BPCL and Indian Olympic Association (IOA)
• Location: New Delhi, India

Mandates and Objectives:

• Partnership Details:
  • Duration: Four years
  • Events Covered: Paris Olympics 2024 and Los Angeles Olympics 2028
  • Goal: Support and uplift Indian athletes, many of whom come from humble backgrounds and remote corners of India
• Initiatives by BPCL:
  • Launch campaigns to support and inspire the Indian contingent
  • Foster national pride and unity
  • Nurture sporting talent from their initial years through their careers
• Statements from Officials:
  • G. Krishnakumar, C&MD BPCL: Emphasized BPCL’s long-term support for over 200 sportspersons across various disciplines
  • P T Usha, President IOA: Highlighted the shared commitment to nurturing sporting talent
  • Sukhmal Jain, Director (Marketing), BPCL: Stressed the importance of the Olympics in fostering national pride
  • Neerav Tomar, MD, IOS Sports & Entertainment: Spoke about rallying support for athletes and inspiring future athletes

Important Terms Explained:

• Maharatna: A status given to Central Public Sector Enterprises in India that allows greater autonomy and privileges.
• Fortune Global 500: An annual ranking of the top 500 corporations worldwide as measured by revenue.
• Indian Olympic Association (IOA): The governing body for the Olympic Movement and Commonwealth Games in India.

Static GK Information:

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12. What percentage stake did LIC recently acquire in IDFC First Bank?
A) 0.20%
B) 1.50%
C) 2.68%
D) 3.00%
E) 5.00%
Answer: C) 2.68%

Event and Location:

• Event: LIC increases its stake in IDFC First Bank.
• Location: India.

Mandates and Objectives:

• Objective of LIC: To increase its investment and influence in the banking sector by acquiring a larger stake in IDFC First Bank.
• Objective of IDFC First Bank: To strengthen its capital base and enhance financial stability by selling shares to LIC.

Important Terms Explained:

• LIC (Life Insurance Corporation of India):
  • India’s largest life insurance company, providing life insurance services for over 65 years.
• IDFC First Bank:
  • A universal bank in India offering a range of financial solutions through various channels such as branches, the Internet, and mobile services.

Static GK Information:

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Appointments – Daily Current Affairs July 06 & 07

13. Who has been appointed as the interim MD & CEO of Bandhan Bank following Chandra Shekhar Ghosh’s retirement?
A) Mithun Dasgupta
B) Ratan Kumar Kesh
C) Chandra Shekhar Ghosh
D) Rajat Sharma
E) Anil Ambani
Answer: B) Ratan Kumar Kesh

Event and Location:

• Event: Appointment of Interim MD & CEO at Bandhan Bank
• Location: Kolkata, India

Mandates and Objectives:

• Ratan Kumar Kesh’s Appointment:
  • Position: Interim MD & CEO
  • Duration: Three months or until the new MD & CEO takes charge, whichever is earlier
  • Effective Date: July 10, 2024
  • Approval: Reserve Bank of India and Bandhan Bank’s Nomination and Remuneration Committee
  • Condition: Subject to shareholders’ approval
• Chandra Shekhar Ghosh’s Retirement:
  • Date of Retirement: July 9, 2024
  • Tenure: Nearly a decade as MD & CEO since July 10, 2015
  • Future Role: Larger strategic role at Bandhan group level

Important Terms Explained:

• Interim MD & CEO: A temporary position held by an executive to manage the company’s operations until a permanent MD & CEO is appointed.
• Nomination and Remuneration Committee: A committee responsible for recommending board members’ appointments and overseeing remuneration policies.
• Microfinance Institution: A financial institution specializing in providing small loans and other financial services to individuals or small businesses lacking access to traditional banking.

Static GK Information:

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14. Who administered the oath to Justice Bidyut Ranjan Sarangi as the 15th Chief Justice of the Jharkhand High Court?
A) Chief Minister Hemant Soren
B) Speaker Rabindra Nath Mahato
C) Justice Sanjaya Kumar Mishra
D) Governor C P Radhakrishnan
E) Chief Justice of India
Answer: D) Governor C P Radhakrishnan

Event and Location:

• Event: Swearing-in of Justice Bidyut Ranjan Sarangi as the 15th Chief Justice of the Jharkhand High Court
• Location: Raj Bhavan, Jharkhand

Mandates and Objectives:

• Justice Bidyut Ranjan Sarangi:
  • Position: 15th Chief Justice of the Jharkhand High Court
  • Oath Administered by: Governor C P Radhakrishnan
  • Retirement Date: Scheduled to retire on July 20, 2024
  • Previous Position: Permanent Judge of the Orissa High Court since June 20, 2013
  • Legal Practice: 27 years of regular practice as a lawyer at the Bar before the High Court of Orissa and the Supreme Court
• Swearing-in Ceremony:
  • Attendees: Chief Minister Hemant Soren and Speaker Rabindra Nath Mahato

Important Terms Explained:

• Chief Justice: The head judge of a high court, responsible for the administration of the judiciary within the state.
• Raj Bhavan: The official residence of the Governor of a state in India.
• Collegium System: A system used in India for the appointment and transfer of judges that involves the Chief Justice of India and a forum of senior judges.

Static GK Information:

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15. Who has been re-designated as the Managing Director (MD) and Chief Executive Officer (CEO) of Life Insurance Corporation of India (LIC)?
A) Arnab Kumar Chowdhury
B) Charulatha S Kar
C) Siddhartha Mohanty
D) Rajesh Ramesh
E) G. Krishnakumar
Answer: C) Siddhartha Mohanty

Event and Location:

• Event: Re-designation of LIC Chairman to MD & CEO
• Location: India

Mandates and Objectives:

• Siddhartha Mohanty’s New Role:
  • Position: Managing Director (MD) and Chief Executive Officer (CEO) of LIC
  • Effective Date: June 30, 2024
  • Previous Position: Chairperson of LIC from April 2023 to June 29, 2024
  • Tenure: Until June 7, 2025

Other Appointments:

• Arnab Kumar Chowdhury: Executive Director (ED) of RBI
  • Departments: Deposit Insurance and Credit Guarantee Corporation, Foreign Exchange, International Department
• Charulatha S Kar: Executive Director (ED) of RBI
  • Departments: Department of Communication, Human Resource, Right to Information (First Appellate Authority)

Important Terms Explained:

• Managing Director (MD): A senior management position responsible for the overall operations of a company.
• Chief Executive Officer (CEO): The highest-ranking executive in a company, responsible for making major corporate decisions.
• Executive Director (ED): A senior executive responsible for managing a specific area or department within an organization.

Static GK Information:

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Defence – Daily Current Affairs July 06 & 07

16. Which company developed and supplied the first-ever indigenous chip-based 4G mobile base station to the Indian Army?
A) Reliance Jio
B) Signaltron
C) Airtel
D) Qualcomm
E) BSNL
Answer: B) Signaltron

Event and Location:

• Event: Induction of the first-ever indigenous chip-based 4G mobile base station by the Indian Army
• Location: India

Mandates and Objectives:

• Supplier: Signaltron, a Bangalore-based firm
• Development: Using Signalchip technology
• Product: Sahyadri LTE base stations
  • Weight: 7 kgs
  • Capabilities: Secure wireless communication for audio, video, and data
  • Operating Modes: Standalone and cellular modes
  • Quantity Supplied: 20 units initially

Significance:

• Indigenous Development: First Indian system running on Indian chips for complex communication technology
• Security: High degree of control over system security due to the use of indigenous chips
• Flexibility: Light and mobile units allow strategic deployment based on operational needs

Company Background:

• Signaltron: Founded by Himamshu Khasnis in 2010 as a fabless semiconductor company (Signalchip) to develop chips for 4G and 5G networks
• Manufacturing: Chips fabricated through third-party wafer fabs, similar to companies like Nvidia, Qualcomm, Mediatek

Market Insights:

• Indian Base Station Market: Expected to be about USD 24 billion by 2029
• Global CNPN 4G/5G Market: Expected to cross USD 30 billion by 2030

Important Terms Explained:

• Fabless Semiconductor Company: A company that designs and sells hardware and semiconductor chips but outsources the fabrication (manufacturing) of the chips.
• Network In a Box (NIB): A compact, all-in-one mobile base station system.

Static GK Information:

Tabular Summary:

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Over All Review

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