Daily Current Affairs July 09

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 09. 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 09 | Daily Current Affairs 2024

Sports – Daily Current Affairs July 09

1. Which country won the men’s and mixed doubles titles at the Asian Squash Doubles Championship 2024?
A) Malaysia
B) Hong Kong
C) India
D) Pakistan
E) China
Answer: C) India

Event and Location:

• Event: Asian Squash Doubles Championship 2024
• Location: Arena Emas, Johor, Malaysia
• Date: 4 to 7 July 2024
• Significance: India won men’s doubles and mixed doubles titles.

Mandates and Objectives:

• Men’s Doubles Title:
  • Winners: Abhay Singh and Velavan Senthilkumar
  • Opponents: Ong Sai Hung and Syafiq Kamal of Malaysia
  • Outcome: Straight sets victory
• Mixed Doubles Title:
  • Winners: Abhay Singh and Joshna Chinappa
  • Opponents: Tong Tsz Wing and Ming Hong Tang of Hong Kong China
  • Outcome: 2-1 (11-8, 10-11, 11-5) on 7 July 2024
• Previous Achievements:
  • Abhay Singh: Gold at 19th Hangzhou Asian Games, Goodfellow Classic, and Willingdon Masters squash titles.
  • Velavan Senthilkumar: Batch Open Challenger Squash 2024
• Asian Team Squash Championship:
  • Organised by Asian Squash Federation with host country’s Squash Federations.
  • Biennial event, first held in 1981 in Karachi, Pakistan.

Important Terms Explained:

• Asian Squash Doubles Championship:
  • A continental event featuring teams from various Asian countries competing in men’s, women’s, and mixed doubles squash.
• Squash Rackets Federation of India (SRFI):
  • Governs and promotes squash in India.
  • Recognized by the government, member of World Squash Federation and Asian Squash Federation.
  • Headquarters in Chennai.
  • President: Debendranath Sarangi

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2. Who has been appointed as the Head Coach of Team India (Senior Men) starting from the upcoming away series against Sri Lanka in July 2024?
A) Rahul Dravid
B) Paras Mhambrey
C) Vikram Rathour
D) Gautam Gambhir
E) VVS Laxman
Answer: D) Gautam Gambhir

Event and Location:

• Event: Appointment of new Head Coach for Team India (Senior Men)
• Location: India, announcement made by BCCI

Mandates and Objectives:

• Objective: To appoint a new Head Coach for Team India, replacing Rahul Dravid after his tenure.

Important Terms Explained:

• Head Coach: The main coach responsible for the overall strategy, development, and performance of the cricket team.
• BCCI (Board of Control for Cricket in India): The governing body for cricket in India.

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Ranking – Daily Current Affairs July 09

3. Which city ranks as the most expensive for expatriates in 2024 according to Mercer’s study?
A) Zurich
B) Singapore
C) Geneva
D) Hong Kong
E) New York
Answer: D) Hong Kong

Event and Location:

• Event: Mercer Study on Most Expensive Cities for Expats in 2024
• Location: Global (with specific focus on top cities like Hong Kong, Singapore, and others)

Mandates and Objectives:

• Objective: To rank cities based on their cost of living for expatriates, considering factors like housing costs, inflation, and global mobility challenges.

Important Terms Explained:

• Housing Costs: Expenses associated with renting or owning accommodation.
• Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
• Global Mobility: The ability of individuals or labor to move and work freely across borders, often impacted by living costs and economic conditions.

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Banking and Finance – Daily Current Affairs July 09

4. Which company launched the revolutionary health insurance product ‘Elevate’?
A) HDFC Ergo
B) Bajaj Allianz
C) ICICI Lombard
D) New India Assurance
E) Tata AIG
Answer: C) ICICI Lombard

Event and Location:

• Event: Launch of ‘Elevate’ Health Insurance Product
• Location: India

Mandates and Objectives:

• Product Launched: ‘Elevate’ by ICICI Lombard
  • AI-Powered: Utilizes artificial intelligence for personalized solutions.
• Key Features:
  • Infinite Sum Insured: Unlimited coverage to prevent policyholders from running out of coverage.
  • Infinite Claim Amount: Comprehensive financial protection with infinite claim amount for one-time claim during the policy lifetime.
  • Power Booster Add-on: 100% cumulative bonus annually, irrespective of claims, for an indefinite period.
  • Reset Benefit: Unlimited resets of coverage ensuring continuous protection.
  • Infinite Assurance: Immediate benefit for pre-existing conditions like asthma, diabetes, etc., after 30 days.
• Additional Features:
  • Critical Illness Cover: Coverage for 20 critical illnesses.
  • Personal Accident: Personal accident coverage.
  • Maternity and Newborn Cover: Includes accommodation and travel benefits.
  • Preventive Care: Preventive healthcare coverage.
  • Inflation Protector: Protects against medical inflation.
  • Air Ambulance: Air ambulance services.
  • Personalized Home Care: Home care services.
• Company Philosophy: Power of infinite personalization and customer-centricity.

Important Terms Explained:

• Infinite Sum Insured: Unlimited insurance coverage ensuring no cap on the amount payable by the insurer.
• Power Booster Add-on: Provides a 100% cumulative bonus annually, regardless of claims.
• Reset Benefit: Allows unlimited resets of coverage, ensuring continuous protection.
• Infinite Assurance: Offers coverage for pre-existing conditions after a short waiting period of 30 days.

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5. Since when has the RBI been conducting the quarterly order books, inventories, and capacity utilization survey of the manufacturing sector?
A) 2000
B) 2005
C) 2008
D) 2012
E) 2015
Answer: C) 2008

Event and Location:

• Event: Launch of quarterly “Order Books, Inventories and Capacity Utilisation” (OBICUS) survey
• Location: India

Mandates and Objectives:

• Conducted By: Reserve Bank of India (RBI)
• Purpose: To collect key inputs for monetary policy formulation.
• Survey Frequency: Quarterly

Survey Details:

• Quantitative Data Collected:
  • New orders received during the reference quarter (April-June 2024).
  • Backlog of orders at the beginning of the quarter.
  • Pending orders at the end of the quarter.
  • Total inventories with a breakdown between finished goods, work-in-progress, and raw material inventories.
  • Item-wise production in terms of quantity and value during the quarter.
  • Installed capacity and reasons for changes in production/installed capacity during the quarter.
  • Capacity Utilisation: Estimated from responses.
• Confidentiality:
  • Data Handling: Company-level data are treated as confidential and are never disclosed.

Important Terms Explained:

• Order Books: Records of orders received by companies during a specific period.
• Inventories: Stocks of finished goods, work-in-progress, and raw materials held by companies.
• Capacity Utilisation: Measure of the extent to which a company’s productive capacity is being used.

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6. Which regulatory body issued new guidelines to streamline the operations of credit rating agencies?
A) RBI
B) IRDAI
C) SEBI
D) NABARD
E) PFRDA
Answer: C) SEBI

Event and Location:

• Event: Issuance of new guidelines for credit rating agencies
• Location: India
• Effective Date: August 01, 2024

Mandates and Objectives:

• Objective: Streamline operations and enhance the ease of doing business for credit rating agencies (CRAs).

Key Guidelines:

• Communication Timelines:
  • Ratings must be communicated to companies within one working day of the rating committee meeting.
  • Companies have three working days to request a review or appeal of the rating decision.
  • Press release dissemination on CRA’s website and intimation to the stock exchange or debenture trustee must occur within seven working days of the rating committee meeting.
• Record Maintenance:
  • CRAs must maintain records of disclosures for 10 years and share them with debenture trustees upon request.
• Non-Cooperative Issuers:
  • Daily updates on the list of non-cooperative issuers to ensure prompt information for stakeholders.
• Unaccepted Ratings:
  • CRAs are required to maintain information on unaccepted ratings for 12 months.
• Compliance Monitoring:
  • Monitored through half-yearly internal audits as per CRA norms.

Purpose:

• Ease of Doing Business: Enhance the operational efficiency of credit rating agencies.
• Uniformity: Provide specific timelines for dealing with appeals regarding rating actions.
• Investor Protection: Ensure timely and accurate information dissemination to stakeholders.

Important Terms Explained:

• Credit Rating Agencies (CRAs): Organizations that assign credit ratings to issuers of debt securities, indicating their creditworthiness.
• Periodic Surveillance: Regular review and update of credit ratings based on current financial and operational data.
• Non-Cooperative Issuers: Companies that fail to provide necessary information to CRAs for accurate rating assessment.

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7. What is the main benefit of the bancassurance tie-up between Federal Bank and Bajaj Allianz Life Insurance?
A) Increased loan opportunities for customers
B) Seamless access to life insurance products
C) Enhanced digital banking services
D) Lower interest rates on savings accounts
E) Improved international banking facilities
Answer: B) Seamless access to life insurance products

Event and Location:

• Event: Bancassurance tie-up between Federal Bank and Bajaj Allianz Life Insurance
• Location: India

Mandates and Objectives:

• Objective: To enable Federal Bank customers to access Bajaj Allianz Life Insurance products across the bank’s extensive network.

Important Terms Explained:

• Bancassurance: The partnership between a bank and an insurance company allowing the bank to sell the insurance company’s products.
• Life Insurance: A contract where an insurer guarantees payment to beneficiaries upon the insured’s death.

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Appointments – Daily Current Affairs July 09

8. Who has been appointed as the Principal Advisor at the Union Ministry of Health & Family Welfare for the National Tuberculosis Elimination Programme?
A) Dr. Harsh Vardhan
B) Dr. Soumya Swaminathan
C) Dr. Balram Bhargava
D) Dr. Randeep Guleria
E) Dr. Vinod Paul
Answer: B) Dr. Soumya Swaminathan

Event and Location:

• Event: Appointment of Principal Advisor for the National Tuberculosis Elimination Programme
• Location: Union Ministry of Health & Family Welfare, India

Mandates and Objectives:

• Objective: To provide technical advice, policy directions, and support for the National Tuberculosis Elimination Programme.

Important Terms Explained:

• Principal Advisor: A senior expert providing strategic guidance and policy recommendations.
• National Tuberculosis Elimination Programme: A government initiative aimed at eradicating tuberculosis in India.

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9. Who are the newly appointed Independent Directors on the board of TFCILTD?
A) Dr. Raghuram Rajan and Mr. Deepak Parekh
B) Mr. Deepak Amitabh and Dr. Mahabaleshwara MS
C) Mr. Uday Kotak and Dr. Arundhati Bhattacharya
D) Mr. Aditya Puri and Dr. Shikha Sharma
E) Dr. Urjit Patel and Mr. Rajnish Kumar
Answer: B) Mr. Deepak Amitabh and Dr. Mahabaleshwara MS

Event and Location:

• Event: Appointment of new Independent Directors
• Location: New Delhi, India

Mandates and Objectives:

• Objective: To enhance the strategic capabilities and operational framework of TFCILTD by involving seasoned professionals.

Important Terms Explained:

• Independent Director: A board member who does not have a material or pecuniary relationship with the company, providing unbiased judgment.
• NBFC (Non-Banking Financial Company): A financial institution that offers various banking services but does not hold a banking license.

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Awards – Daily Current Affairs July 09

10. Which state won the Best Agriculture State Award for 2024?
A) Punjab
B) Gujarat
C) Karnataka
D) Maharashtra
E) Rajasthan
Answer: D) Maharashtra

Event and Location:

• Event: Best Agriculture State Award 2024
• Location: New Delhi
• Date: July 10, 2024
• Chief Guest: Union Minister for Road Transport and Highways Nitin Gadkari, Union Agriculture Minister Shivraj Singh Chouhan

Mandates and Objectives:

• Maharashtra Government Initiatives:
  • Bamboo Cultivation: Launch of the largest bamboo mission in India covering 21 lakh hectares.
  • Shri Anna Abhiyan: Focus on cereal cultivation.
  • Biomass Utilization: Using biomass for thermal power generation to reduce coal burning.
• Climate Action Commitments:
  • Tree Planting: Commitment to planting trees on 21 lakh hectares.
  • Coal Replacement: Aiming to replace 5% of coal with biomass.
• Irrigation Projects: Enhancing irrigation across 17 lakh hectares with 123 projects.
• Green Belt Initiative: Establishing a green belt covering 1.20 lakh acres in Nandurbar district.

Important Terms Explained:

• Bamboo Cultivation:
  • Large-scale cultivation of bamboo for environmental and economic benefits.
• Shri Anna Abhiyan:
  • An initiative focused on increasing the production and consumption of cereals.
• Biomass Utilization:
  • Using organic materials (biomass) as a renewable energy source for power generation.
• Green Belt:
  • An area of land dedicated to vegetation to improve air quality and provide environmental benefits.

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11. Who was awarded the Chevalier de la Légion d’Honneur by France?
A) Sundar Pichai
B) Satya Nadella
C) Roshni Nadar Malhotra
D) N. Chandrasekaran
E) Mukesh Ambani
Answer: C) Roshni Nadar Malhotra

Event and Location:

• Event: Conferring of the Chevalier de la Légion d’Honneur
• Location: Ceremony in Delhi, India
• Presented by: H.E. Thierry Mathou, Ambassador of France to India, on behalf of the French President

Mandates and Objectives:

• Award Recipient: Roshni Nadar Malhotra, Chairperson of HCLTech
  • Contributions: Business world, promoting economic ties between France and India, commitment to social and environmental causes.
• HCLTech in France:
  • Presence: Since 2009, partner to G2000 French companies in aerospace, manufacturing, financial services, and pharmaceuticals.
  • Initiatives: Partnership with Apprentis d’Auteuil to improve software coding skills in middle schools and boost the local tech ecosystem.
• Roshni Nadar Malhotra’s Impact:
  • Leadership: Exceptional corporate and philanthropic leadership.
  • Focus Areas: AI and cybersecurity, promoting business relations between France and India.

Important Terms Explained:

• Chevalier de la Légion d’Honneur:
  • France’s highest civilian award, recognizing exceptional contributions to various fields.
• HCLTech:
  • A global IT services company providing digital transformation solutions.
• Apprentis d’Auteuil:
  • A French organization focused on education and social integration.

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12. Who has been selected for the Dr. C. Narayana Reddy National Literary Award?
A) Perumal Murugan
B) Jeyamohan
C) Sivashankari
D) S. Ramakrishnan
E) Ashokamitran
Answer: C) Sivashankari

Event and Location:

• Event: Dr. C. Narayana Reddy National Literary Award
• Location: Ceremony on July 29, 2024
• Presented by: Sushila Narayana Reddy Trust

Mandates and Objectives:

• Award Recipient: Sivashankari, noted Tamil writer
  • Recognition: Contribution to the field of literature.
• Award Includes:
  • Cash Prize: ₹5 lakh
  • Memento
  • Shawl
• Award Significance:
  • Purpose: Recognize and honor contributions to literature.
  • Organizer: Sushila Narayana Reddy Trust

Important Terms Explained:

• Dr. C. Narayana Reddy National Literary Award:
  • An award given to distinguished writers for their contributions to literature.
• Sushila Narayana Reddy Trust:
  • An organization dedicated to promoting literature and honoring literary excellence.

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13. What is the highest civilian award of Russia received by PM Modi in 2024?
A) Order of Merit for the Fatherland
B) Order of St. George
C) Order of St Andrew the Apostle
D) Order of Honour
E) Order of Friendship
Answer: C) Order of St Andrew the Apostle

Event and Location:

• Event: PM Modi receiving Russia’s highest civilian award
• Location: Award ceremony by Russian President Vladimir Putin

Mandates and Objectives:

• Objective: To honor PM Modi for exceptional services in promoting bilateral ties between India and Russia.

Important Terms Explained:

• Order of St Andrew the Apostle: The highest state decoration of Russia, established in 1698 by Tsar Peter the Great.

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Defence – Daily Current Affairs July 09

14. Where was the 12th Joint Defence Cooperation Committee meeting between India and UAE held?
A) New Delhi
B) Dubai
C) Abu Dhabi
D) Mumbai
E) Sharjah
Answer: C) Abu Dhabi

Event and Location:

• Event: 12th Joint Defence Cooperation Committee (JDCC) Meeting
• Location: Abu Dhabi, UAE

Mandates and Objectives:

• Objective: To strengthen bilateral defence and security cooperation between India and UAE through discussions on various areas of collaboration.

Important Terms Explained:

• JDCC (Joint Defence Cooperation Committee): A platform for India and UAE to discuss and enhance bilateral defence relations.
• Maritime Security: Protection of maritime interests, including preventing piracy and ensuring safe navigation.

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National Affairs – Daily Current Affairs July 09

15. Which company launched the ‘Ghar Ghar Solar’ initiative in Uttar Pradesh?
A) Reliance Industries
B) Tata Power
C) Adani Power
D) NTPC
E) Larsen & Toubro
Answer: B) Tata Power

Event and Location:

• Event: Launch of ‘Ghar Ghar Solar’ initiative
• Location: Uttar Pradesh, starting from Varanasi
• Date: July 6, 2024

Mandates and Objectives:

• Initiative Launched: ‘Ghar Ghar Solar, Tata Power ke Sang’ by Tata Power Solar Systems Limited
  • Objective: Power every home in Uttar Pradesh with clean energy through rooftop solar solutions.
  • Environmental Benefits: Promote sustainability and reduce carbon footprint.
  • Financial Savings: Substantial savings on electricity bills.

Subsidy Details:

• Maximum Subsidy: Up to Rs. 1,08,000 on rooftop solar installation.
  • Central Government Subsidy: Rs. 78,000 for up to 3 kW.
  • State Government Subsidy: Maximum of Rs. 30,000 (Rs. 15,000 per kW for up to 3 kW), over and above the Central Government subsidy.

Innovative Features:

• Advanced Technology:
  • Bifacial Panels: Absorb light on both sides, ensuring higher efficiency in less space.
  • Rapid Installation: Quick turnaround of 7 days from inquiry to installation.
• Flexible Financing: Various financing options to make solar power accessible to everyone.
• Trained Workforce: Skilled technicians ensure seamless installation and maintenance.

Company Commitment:

• Quality and Innovation: Ensures superior performance and longevity of solar panels.
• Support Network: Robust channel partner network for expedited rooftop solar connections.
• CEO’s Statement: Praveer Sinha, CEO & MD, Tata Power, emphasizes driving a sustainable energy future and providing financial relief to homeowners.

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16. What is the primary objective of the MoU between ISLRTC and YUNIKEE?
A) Launching accessibility training programs
B) Providing free and accessible skills to the deaf community
C) Developing software tools for accessibility education
D) Supporting the Accessible India Campaign 2.0
E) Rectifying policies that undermine the RPwD Act-2016
Answer: B) Providing free and accessible skills to the deaf community

Event and Location:

• Event: Signing of two MoUs by DEPwD
• Location: PIB Delhi

Mandates and Objectives:

• Objective: To empower persons with disabilities through targeted initiatives.

Important Terms Explained:

• MoU (Memorandum of Understanding): An agreement between parties outlining the terms and details of an understanding.
• Universal Design: Design of products and environments to be usable by all people, to the greatest extent possible, without adaptation.
• RPwD Act-2016: The Rights of Persons with Disabilities Act, 2016, is a law in India to ensure equal rights for persons with disabilities.

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17. Where has BNP Paribas launched its new branch to facilitate comprehensive product offerings?
A) New Delhi
B) Bengaluru
C) Mumbai
D) GIFT City
E) Chennai
Answer: D) GIFT City

Event and Location:

• Event: Launch of BNP Paribas operations at GIFT City
• Location: GIFT City, Gujarat, India

Mandates and Objectives:

• Objective: To facilitate a comprehensive product offering to attract new business opportunities with onshore and offshore clients.

Important Terms Explained:

• GIFT City (Gujarat International Finance Tec-City): A financial and technology hub in Gujarat, India.
• BNP Paribas: A leading European bank and key player in international banking.

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Over All Review

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