Daily Current Affairs July 15&16

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 15&16. 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 15&16| Daily Current Affairs 2023

Important Days – Daily Current Affairs July 15&16

1. On which day did the United Nations General Assembly declare as World Youth Skills Day?
A) 1 June
B) 15 July
C) 30 September
D) 12 October
E) 25 November
Answer: B) 15 July

• World Youth Skills Day is celebrated every year on July 15.
• It was established by the United Nations General Assembly (UNGA) in 2014 to acknowledge the crucial significance of equipping young individuals with the necessary skill sets for employment, decent work, and entrepreneurship.
• This year’s theme for 2023 World Youth Skills Day is “Skilling teachers, trainers, and youth for a transformative future.”

Sports – Daily Current Affairs July 15&16

2. Who won the Wimbledon Title in the Men’s Singles category, defeating Novak Djokovic?
A) Rafael Nadal
B) Roger Federer
C) Dominic Thiem
D) Alexander Zverev
E) Carlos Alcaraz
Answer: E) Carlos Alcaraz

• Carlos Alcaraz defeated Novak Djokovic in a five-set thriller to win his maiden Wimbledon title
• Location: London; England, United Kingdom
• Founded: 1877
• Date: 3 – 16 July
• Edition: 136th edition

Banking and Finance – Daily Current Affairs July 15&16

3. Which insurance company has been chosen as the lead non-life insurer for the State of Maharashtra by the Insurance Regulatory and Development Authority of India (IRDAI)?
A) LIC (Life Insurance Corporation of India)
B) HDFC ERGO General Insurance Company Limited
C) Tata AIG General Insurance
D) ICICI Lombard General Insurance Company Limited
E) Bajaj Allianz General Insurance Company Limited
Answer: C) Tata AIG General Insurance

• Tata AIG General Insurance has been selected as the lead non-life insurer for the State of Maharashtra by the Insurance Regulatory and Development Authority of India (IRDAI).
• As lead insurer the company will collaborate with all non-life and health insurance companies in the state to increase insurance penetration.
• The concept of a lead insurer to increase insurance penetration in the states was developed by the regulator in line with its vision of “Insurance for all by 2047.
• Besides non-life and health insurance companies, Tata AIG will collaborate with IRDAI, and the state government of Maharashtra to create awareness, enhance insurance reach, and improve accessibility at the Gram Panchayat, district, and state levels.
• The company will also promote the adoption of flagship government schemes such as Pradhan Mantri Jan ArogyaYojana (PMJAY) in Maharashtra.

4. What is the name of the newly launched life insurance plan by Bajaj Allianz Life Insurance?
A) Bajaj Allianz Life ACE
B) Bajaj Allianz Life Secure
C) Bajaj Allianz Life Prime
D) Bajaj Allianz Life Wealth
E) Bajaj Allianz Life Shield
Answer: A) Bajaj Allianz Life ACE

• Bajaj Allianz Life Insurance, one of the private life insurers, launched Bajaj Allianz Life ACE, a non-linked, participating, early income life insurance plan.
• The policy offers enhanced flexibility to customers to tailor-make the cash flows as per their unique financial requirements.
• Other unique aspects of Bajaj Allianz Life ACE include early or deferred income option, which enables customers to receive income right from the start of the policy or defer the start of your income for up to 5 years.
• This can be from the end of first month of paying the premium or deferring it to a specific period to suit their financial needs.
• The product also allows customers to choose their income tenure, starting with a minimum of 10 years to up to the age of 100 years.
• Additionally, Bajaj Allianz Life ACE also provides the Goal Protection Benefit as an option that ensures the policy holder’s family continues to get the income through the policy term, even if the policy holder was to pass away during the policy term.
• For women, Bajaj Allianz Life ACE comes with additional income benefit. So, now they will get safety, liquidity, returns and flexibility of savings product, along with additional income.

5. Which two central banks have collaborated to promote the use of local currencies for cross-border payments?
A) Reserve Bank of India (RBI) and Bank of England
B) Reserve Bank of India (RBI) and European Central Bank (ECB)
C) Reserve Bank of India (RBI) and Federal Reserve System (Fed)
D) Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE)
E) Reserve Bank of India (RBI) and Bank of Japan
Answer: D) Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE)

• The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two MoUs in Abu Dhabi for establishing a framework to promote the use of local currencies for cross-border transactions; and cooperation for interlinking their payment and messaging systems.
• The two MoUs are aimed at facilitating seamless cross border transactions and payments, and foster greater economic cooperation between the two countries.
• The MoU on establishing a framework for the use of local currencies for transactions between India and UAE, aims to put in place a Local Currency Settlement System (LCSS) to promote the use of the Indian rupee/ INR and the UAE Dirham/ AED bilaterally.
• This arrangement would also promote investments and remittances between the two countries. Use of local currencies would optimise transaction costs and settlement time for transactions, including for remittances from Indians residing in UAE.
• Under the MOU on ‘Payments and Messaging Systems’, the two central banks agreed to cooperate on (a) linking their Fast Payment Systems (FPSs) – Unified Payments Interface (UPI) of India with Instant Payment Platform (IPP) of UAE; (b) linking the respective Card Switches (RuPay switch and UAESWITCH); and (c) exploring the linking of payments messaging systems — Structured Financial Messaging System (SFMS) of India with the messaging system in the UAE.
• The MoUs were signed by RBI Governor Shaktikanta Das and the CBUAE Governor Khaled Mohamed Balama.
• The MoUs were exchanged between the two Governors, in the presence of Indian Prime Minister Narendra Modi and President of the UAE Sheikh Mohamed Bin Zayed Al Nahyan.

Awards – Daily Current Affairs July 15&16

6. Which organization received the Golden Peacock Environment Management Award 2023 for exemplary sustainability practices?
A) Tata Motors Limited
B) Reliance Industries Limited
C) Adani Transmission Limited
D) Infosys Limited
E) Hindustan Unilever Limited
Answer: C) Adani Transmission Limited

• Adani Transmission Limited (ATL), the largest private sector transmission and distribution company listed in India and part of the globally diversified Adani portfolio, has won the ‘Golden Peacock Environment Management Award (GPEMA)’ in the ‘Power Transmission’ sector from ‘Institute of Directors (IOD)’.
• The Golden Peacock Environment Management Award is a highly regarded accolade that honors organizations for their outstanding commitment to environmental conservation and sustainable practices.
• It recognizes companies that have demonstrated exceptional leadership in addressing environmental challenges, promoting renewable energy, reducing carbon footprint, and fostering a culture of environmental responsibility.
• ATL was adjudged ‘winner’ for its unique strategic initiative to increase renewable energy in bulk power procurement for distribution in Mumbai region by its B2C arm i.e., Adani Electricity Mumbai Limited (AEML).
• The other award criteria were compliance with regulatory requirements, adoption of risk management approach, which in turn would reduce company’s expenditure resulting from damage, and implementation of strategies to achieve sustainable development in business.
• The award is an encouraging recognition of ATL’s long-term environment-social-governance (ESG) commitment.

International Affairs – Daily Current Affairs July 15&16

7. Which country recently became the 51st member to join the Association of Southeast Asian Nations’ (ASEAN) Treaty of Amity and Cooperation?
A) Singapore
B) Indonesia
C) Malaysia
D) Thailand
E) Saudi Arabia
Answer: E) Saudi Arabia

• The Kingdom of Saudi Arabia has signed the Instrument of Accession to the Treaty of Amity and Cooperation in Southeast Asia (TAC), making the country the 51st High Contracting Party to the TAC
• The document was signed by His Royal Highness Faisal bin Farhan Al-Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia in Jakarta, Indonesia on July 12 during the 56th ASEAN Foreign Ministers’ Meeting, under the witness of the ASEAN foreign ministers, including H.E. PrakSokhonn, Deputy Prime Minister and Minister of MFAIC
• The TAC is a legally-binding non-aggression pact signed in 1976 among ASEAN members to establish a set of guidelines to govern inter-state relations in the region, promote perpetual peace, everlasting amity and cooperation based on mutual respect, non-interference principle and peaceful settlement of disputes.
• China is the first major country to join the TAC treaty in 2003. This year marks the 20th anniversary of China’s accession to the TAC.
• The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
• In 2022, under Cambodia’s chairmanship of ASEAN, seven nations – Ukraine, United Arab Emirates, Oman, Qatar, Greece, the Netherlands, and Denmark – signed the Instrument of Accession to TAC.
• The Treaty has been amended three times, in 1987, 1998, and 2010, respectively, to allow for accession by states outside Southeast Asia as well as for regional organisations whose members are sovereign states, among others.

8. Where will the India-Mongolia joint military exercise “Nomadic Elephant – 2023” take place?
A) New Delhi, India
B) Mumbai, India
C) Ulaanbaatar, Mongolia
D) Beijing, China
E) Seoul, South Korea
Answer: C) Ulaanbaatar, Mongolia

• Indian Army contingent comprising of 43 personnel left for Mongolia.
• The contingent will participate in the 15th edition of bilateral joint military exercise “NOMADIC ELEPHANT-23”.
• The exercise is scheduled to be conducted at Ulaanbaatar, Mongoliafrom 17 to 31 July 2023.
• Exercise NOMADIC ELEPHANT is an annual training event with Mongolia which is conducted alternatively in Mongolia and India, the last edition was held at Special Forces Training School, Bakloh in October 2019.
• Soldiers of the Mongolian Armed Forces Unit 084 from and Indian Army soldiers from the JAMMU AND KASHMIR LIGHT INFANTRY Regiment will be participating in the exercise.
• Indian Army contingent reached Ulaanbaatar by an Indian Air Force C-17 aircraft.
• The aim of this exercise is to build positive military relations, exchange best practices, develop inter-operability, bonhomie, camaraderie and friendship between the two armies.
• The primary theme of the exercise will focus on counter-terrorism operations in mountainous terrain under United Nations mandate.
• The scope of this exercise involves Platoon level Field Training Exercise (FTX). During the exercise, Indian and Mongolian troops will engage in various training activities designed to enhance their skills and capabilities.
• These activities include endurance training, reflex firing, room intervention, small team tactics and rock craft training. Soldiers from both sides will learn from each other’s operational experience.

9. Which countries have signed a Memorandum of Understanding (MoU) to establish an Indian Institute of Technology (IIT) campus in Abu Dhabi?
A) India and United States
B) India and United Kingdom
C) India and United Arab Emirates
D) India and Saudi Arabia
E) India and Singapore
Answer: C) India and United Arab Emirates

• Indian Institute of Technology (IIT) Delhi has signed a Memorandum of Understanding (MoU) with Abu Dhabi Department of Education and Knowledge (ADEK) and the Ministry of Education in India to set up its international campus in Abu Dhabi.
• The MoU was signed in the presence of Prime Minister Narendra Modi and Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE
• Complementing the ongoing UAE-India Comprehensive Economic Partnership Agreement (CEPA), the MoU reflects the shared vision of both nations to prioritise educational excellence, innovation, knowledge exchange, and investments in human capital as the foundations for future prosperity and enablers of long-term economic growth and sustainable development.
• The MoU was signed by Sara Musallam, Minister of State for Early Education, Chairwoman of the Federal Agency of Early Education, and Chairwoman of ADEK; SunjaySudhir, Indian Ambassador to the UAE; and Professor Rangan Banerjee, Director of IIT-Delhi.
• With outstanding credentials, IIT Delhi recently ranked among the world’s top 50 institutions for engineering and technology. It also scored a top 30 rank for global employability in the 2022 QS World University Rankings.

National Affairs – Daily Current Affairs July 15&16

10. In collaboration with NITI Aayog’s Atal Innovation Mission (AIM), which company has announced the establishment of an Atal Tinkering Lab (ATL) in Kerala?
A) OPPO India
B) Samsung India
C) Xiaomi India
D) Apple India
E) Vivo India
Answer: A) OPPO India

• OPPO India in collaboration with NITI Aayog’s Atal Innovation Mission (AIM) as its knowledge partner has announced the establishment of an Atal Tinkering Lab (ATL) in Kerala.
• This collaboration marks the establishment of the first-ever Atal Tinkering Lab, based on the PPP (Public-Private Partnership) model.
• The lab at St Paul’s CEHSS in Kuriachira, Thrissur, was inaugurated by Rajeev Chandrashekar, the Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology.
• The primary objective of this initiative is to create an empowered future-ready workforce and nurture entrepreneurship and technological skills among the youth.
• Till 2022, 10,000 ATLs were established across 35 States and UTs in India though government grants.
• The ATL has been set up to empower school children in grades six to 12th to develop innovative solutions. The students can harness cutting-edge technology tools such as 3D printing, the Internet of Things (IoT), robotics, miniaturised electronics, space technology, drone technology, and technology-inspired textiles.
• The ATL in the nodal school will act as a ‘Hub’ for the students from neighbouring government schools to come and conduct experiments in the lab.

11. What is the title of the new campaign launched by Shri Manoj Ahuja for banks under the Agri Infra Fund?
A) Banks Transforming Rural and Agriculture Sector Initiative
B) Rural and Agriculture Acceleration Program by Banks
C) Banks Heralding Accelerated Rural and Agriculture Transformation
D) Rural and Agriculture Bank Reform Initiative
E) Accelerating Rural Development through Agri Infra Fund by Banks
Answer: C) Banks Heralding Accelerated Rural and Agriculture Transformation

• Shri Manoj Ahuja, Secretary, Ministry of Agriculture & Farmers Welfare launched a new campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation).
• This one month-long Campaign (from 15th July 2023 to 15th August 2023) with a target of Rs 7200 crore was launched through Video Conference attended by more than 100 Banking Executives that included MDs/Chairman, EDs of commercial Banks in public and private sector, Regional Rural Banks, Small Finance Banks, NBFCs and select cooperative Banks.
• the Banks for their active involvement and support to promote this Scheme which has resulted in creation of more than 31, 850 agri infra projects in the country with ₹24750 crore as loan amount under AIF with an outlay of ₹ 42,000 crores.

12. Which airport in India has become the first in the country to have four operational runways and an elevated taxiway?
A) Indira Gandhi International Airport, Delhi
B) ChhatrapatiShivajiMaharaj International Airport, Mumbai
C) Kempegowda International Airport, Bengaluru
D) Rajiv Gandhi International Airport, Hyderabad
E) Netaji Subhas Chandra Bose International Airport, Kolkata
Answer: A) Indira Gandhi International Airport, Delhi

• Delhi’s Indira Gandhi International Airport (IGIA) became the first airport in the country to have four operational runways.
• IndiGo became the first airline to operate from the newly constructed fourth runway 11L-29R, at the Indira Gandhi International Airport (IGIA), New Delhi.
• Scindia also inaugurated dual elevated Eastern Cross Taxiways.
• With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it.
• The ECT will connect the northern and southern airfields on the eastern side of the airport and will reduce the taxiing distance for an aircraft by seven kilometres.
• It can handle wide-body aircraft, including A-380 and B-777 and B-747.
• Now, the airport will have four runways — RW 09/27, RW 11R/29L, RW 10/28 and RW 11L/29R.
• IGIA is operated by the Delhi International Airport Ltd (DIAL), a consortium led by GMR Airports Infrastructure Ltd.

13. Which Indian state hosted the G20 Finance Ministers and Central Bank Governors meeting in 2023?
A) Maharashtra
B) Gujarat
C) Kerala
D) Tamil Nadu
E) Rajasthan
Answer: B) Gujarat

• As part of India’s G20 presidency, the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting begin in Gandhinagar. Union Finance and Corporate Affairs Minister Nirmala Sitharaman and Governor of the Reserve Bank of India (RBI), Dr.Shaktikanta Das, will jointly chair the meeting.
• The meeting will be organised into five thematic sessions on 17th-18th July, 2023 covering Global Economy and Global Health, Sustainable Finance and Infrastructure, International Financial Architecture, International Taxation, and Financial Sector & Financial Inclusion.
• The objective of the 3rd G20 FMCBG is to review the outcomes of the G20 Finance Track and to seek guidance from Ministers and Governors on the way forward.
• On the sidelines of the meeting, a number of G20 events have been planned for the visiting Ministers, Governors, Deputies and other delegates.
• These include an Infrastructure Investors’ Dialogue on ‘Leveraging Funding and Financing Mechanisms and Approaches for the Cities of Tomorrow’; a High-Level Tax Symposium on ‘Combatting Tax Evasion, Corruption and Money Laundering’; a Roundtable Discussion on Crypto Assets; a Roundtable on the Report of the G20 Expert Group on Strengthening MDBs; Workshops on ‘Interlinking Fast Payment Systems (FPS)’ and ‘Achieving Growth-Friendly Climate Action and Financing for Emerging and Developing Economies’.

India and Indonesia announce launch of the “India – Indonesia Economic and Financial Dialogue” (EFD Dialogue) on sidelines of G20 Finance Ministers and Central Bank Governors meeting in Gujarat

• Ms. Sri MulyaniIndrawati, Minister of Finance, Indonesia, and the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, announced the launch of the “India – Indonesia Economic and Financial Dialogue”.
• EFD Dialogue to strengthen cooperation between the two nations and foster shared understanding on global issues besides promises to offer a unique opportunity for mutual learning and policy coordination

14. Which district in Tamil Nadu received the Geographical Indication (GI) certificate for Authoor Betel leaves?
A) Chennai district
B) Coimbatore district
C) Tiruchirappalli district
D) Thoothukudi district
E) Madurai district
Answer: D) Thoothukudi district

• Authoor Betel leaves from Tamil Nadu’s Thoothukudi district recently received a Geographical Indication (GI) certificate.
• The GI tag felicitated by the Tamil Nadu State Agriculture Marketing Board and NABARD Madurai Agribusiness Incubation Forum is registered in the name of AuthoorVattaraVetrilaiVivasaigalSangam.
• The betel leaves commonly known as Vettrilai have been mentioned in the 13th-century book of Marco Polo, The Venetian.
• The GI certificate will soon be served to the AuthoorVattaraiVettrilaiViyabarigalSangam.

15. Which company has signed a contract with the Indian Army for the procurement of Tactical Access Switch?
A) Tata Steel Limited
B) Tata Motors Limited
C) Tata Advanced Systems Limited
D) Tata Consultancy Services (TCS)
E) Tata Power Company Limited
Answer: C) Tata Advanced Systems Limited

• Tata Group’s aerospace company, Tata Advanced Systems Limited (TASL) has signed a contract with Indian Army.
• Under the contract, Army would procure Tactical Access Switch.
• The compact, modular, and ruggedized networking device would provide faster switching capability and thus strengthen the tactical communication capability of the Indian Army.
• Earlier, the Nyoma military station located at a height of around 14,500 feet witnessed the newer weapon systems and equipment inducted by the Indian Army to strengthen its presence to tackle the adversary.
• The Army in the recent past has inducted the made-in-India Dhanush howitzer which has been developed based on the Transfer of Technology for the Bofors howitzers and has been made more advanced.
• Dhanush howitzer can strike targets at up to 48 Kms, and has been inducted in the Eastern Ladakh sector last year itself.
• 114 guns developed and produced by the erstwhile Ordnance Factory Board would also be joining the Indian Army.
• Another Made in India platform which is proving very useful for moving troops at very high speeds to the forward locations is the M4 Quick Reaction Force Vehicle which can 10 combat-ready armed troops to the forward locations along the Line of Actual Control and can move at speeds of around 60-80 Km per hour even in the harsh terrain of Ladakh sector, Army officers deployed in the sector said.
• The surveillance equipment in the Army inventory has also been strengthened as the new Tata Rajak system has been inducted into the force which can observe or detect humans from more than 15 kms, and vehicles from more than 25 Kms.

Over All Review

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