Daily Current Affairs July 21

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 21. 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.

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July 21| Daily Current Affairs 2023

Sports – Daily Current Affairs July 21

1. Who won the Super GM chess tournament in Hungary?
A) Viswanathan Anand
B) Harika Dronavalli
C) Pentala Harikrishna
D) Rameshbabu Praggnanandhaa
E) Koneru Humpy
Answer: D) Rameshbabu Praggnanandhaa

• Young Indian Grandmaster R Praggnanandhaa emerged champion in the V Geza HetenyiMemorial Super GM chess tournament 2023.
• The 17-year-old GM scored 6.5 points to finish clear first in the 10-player event.
• After nine rounds of play, he ended up a point ahead of M Amin Tabatabaei (Iran) and Russia’s Sanan Sjugirov.
• Praggnanandhaa scored wins over Sjugirov, Parham Maghsoodloo (Iran), Adam Kozak (Hungary) and Peter Prohaszka (Hungary).

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Ranking – Daily Current Affairs July 21

2. In the Quacquarelli Symonds (QS) Best Student Cities 2024 survey, what is the rank of Mumbai among the best student cities?
A) 100
B) 118
C) 86
D) 124
E) 135
Answer: B) 118

Quacquarelli Symonds (QS) Best Student Cities 2024

• QS has ranked cities on six parameters, including university rankings, student mix, desirability, employer activity, affordability and student voice.
• The survey compares 160 premier educational destinations, including 26 new entries.

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Banking and Finance – Daily Current Affairs July 21

3. What is the name of the bank that hosts the fintech partnership programme in Bengaluru?
A) State Bank of India
B) HDFC Bank
C) Karnataka Bank
D) ICICI Bank
E) Axis Bank
Answer: C) Karnataka Bank

• Karnataka Bank hosted the first edition of ‘KBL – FinOne’, a fintech partnership event, in Bengaluru with the objective of forging collaborations to develop innovative business models, providing seamless banking experience and offering a complete product suite.
• Fintech companies participated in the programme.
• first edition of ‘KBL – FinOne’ featured over 30 speakers from various fintechs, delving into some of the interesting and relevant topics such as emerging lending models, neo-banks, platformisation, including no code – low code, embedded finance, cards infrastructure, payment innovations, etc.

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4. Which bank launched a slew of digital products and services?
A) State Bank of India
B) Bank of India
C) Punjab National Bank
D) Bank of Maharashtra
E) HDFC Bank
Answer: D) Bank of Maharashtra

• Bank of Maharashtra, a premier Public Sector Bank in the country, strengthens its digital channels by launching several new products and utilities to enhance the banking experience for both its customers and staff members.
• These initiatives aim to simplify and streamline various banking processes, making it easier for customers to manage their finances and for staff to assist them effectively.
• The Bank has launched an upgraded Mobile Banking app for a better user experience with features like a reduced beneficiary addition period, a unified application for mobile banking & UPI customers, and new features like Shortcut for WhatsApp banking, Account statements, Digital loan balance confirmation, Health & General Insurance policy through STP journey, RE-KYC, Digital Nomination facility, Online Bill Payment and News Section.
• To cater to new-age banking users, the Bank has enhanced features on its WhatsApp banking function (+91-7066036640) with Downloadable forms, Instant access to Interest Rate Charts, a Grievance Redressal system, know your IFSC, Bank Holidays, Cyber Security tips, among others, provide greater flexibility and accessibility.
• The Bank has also introduced Credit Card payment via Internet Banking & through other UPI platforms, simplified the login process to Internet Banking and is also offering Credit Cards against deposits also add-on credit card features for enhancing customer convenience. Customers can now enrol for UPI registration with their Aadhaar and automate monthly payments through standing instructions. Furthermore, customers can open to open a Public Provident Fund(PPF) to kickstart their investment journey.
• To enhance operational efficiency, Bank has onboarded additional products in its LLMS system& has implemented initiatives like “Maha E-power” for uninterrupted power supply & “Remote Account Monitoring system” for compatible account statements for its corporate customers.
• Bank has also successfully implemented Robotic Process Automation (RPA) in ten key utilities, which reflects the Bank’s conscious approach to staying at the forefront of the evolving digital landscape.
• In addition to these, the Bank has launched several other digital initiatives, including RE-KYC through a web-based dashboard, empanelment Fintech firms & CRILC dashboard improving operational efficiency, transaction processing speed and customer experiences.

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5. Which bank will set up a new trustee company as its wholly-owned subsidiary?
A) ICICI Bank
B) State Bank of India (SBI)
C) HDFC Bank
D) Axis Bank
E) Punjab National Bank (PNB)
Answer: B) State Bank of India (SBI)

• State Bank of India will set up a new trustee company as its wholly-owned subsidiary for managing the Corporate Debt Market Development Fund (CDMDF).
• CDMDF will act as a backstop facility for purchase of investment grade corporate debt securities to instill confidence amongst the participants in the corporate bond market during times of stress and to generally enhance secondary market liquidity by creating a permanent institutional framework for activation in times of market stress.
• SBI Funds Management Ltd (SBIFML), the asset management company (AMC) of SBI Mutual Fund, has been identified as the investment manager-cum-sponsor of CDMDF.
• SBI has 62.53 per cent stake in SBIFML.
• The setting up of the Fund, which will be classified as an Alternative Investment Fund (AIF) under the SEBI (Alternative Investment Funds) Regulations, 2012, is subject to receipt of all regulatory approvals.
• CDMDF will be launched as a close ended scheme with an initial tenure of 15 years from the date of its initial closing (date on which contribution from all AMCs and specified schemes is received by CDMDF)
• SBI’s wholly-owned investment banking subsidiary SBI Capital Markets also has a wholly-owned subsidiary SBICAP TRUSTEE CO. Ltd (STCL).
• SBICAP TRUSTEE CO. LIMITED (STCL) STCL is a wholly-owned subsidiary of SBI Capital Markets Limited.
• STCL commenced the Security Trustee business on 1st August 2008.
• The company acts as a security trustee to the lenders for corporate and project finance loans.
• It performs the role of a debenture trustee for the debentures /bonds issued by corporates, banks, PSUs and municipal corporations. It is registered with SEBI as a debenture trustee.
• STCL also provides other related services such as share pledge trustee, escrow trustee, AIF trustee and ESOP trustee, among others.

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Acquisitions and Mergers – Daily Current Affairs July 21

6. How many shares of Bandhan Bank did BNP Paribas Arbitrage acquire through the open market transaction?
A) 55.20 lakh shares
B) 88.85 lakh shares
C) 100.50 lakh shares
D) 75.75 lakh shares
E) 45.40 lakh shares
Answer: B) 88.85 lakh shares

• BNP Paribas Arbitrage acquired 88.85 lakh shares of private lender Bandhan Bank for Rs 187 crore through an open market transaction.
• BNP Paribas Arbitrage bought 88,85,979 shares, amounting to 0.5 per cent stake in the private lender.
• The shares were purchased at an average price of Rs 211 apiece, taking the aggregate transaction size to Rs 187.49 crore.

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Appointments – Daily Current Affairs July 21

7. Who has been appointed as one of the managing directors of Life Insurance Corporation (LIC)?
A) Satish Kumar
B) Sat Pal Bhanoo
C) Rajesh Sharma
D) Ravi Gupta
E) Sanjay Verma
Answer: B) Sat Pal Bhanoo

• The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).
• He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April.
• Bhanoo’s appointment is effective from the date of assumption of charge and up to the date of his superannuation on December 31, 2025 or until further orders, whichever is earlier
• Earlier, M. Jagannath was appointed as one of the managing directors in LIC board.
• He had taken charge of the position on March 13, 2023. The government had also approved the appointment of Siddhartha Mohanty as the interim chairman of LIC for three months with effect from March 14.
• The government was also set to appoint a full-time chairman at LIC by June.

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8. Who has been appointed as the Director-General (DG) of Railway Protection Force (RPF) by the Indian government?
A) Manoj Yadava
B) Rajesh Singh
C) Sandeep Sharma
D) Nisha Verma
E) Rakesh Kumar
Answer: A) Manoj Yadava

• Haryana cadre IPS officer Manoj Yadava is next Director General of the Railway Protection Force (RPF).
• The Union government has appointed Haryana cadre IPS officer Manoj Yadava as next Director General of the Railway Protection Force (RPF).
• According to a Personnel Ministry order, Yadava, a 1988 batch Indian Police Service (IPS) officer will succeed Sanjay Chander who is slated to retire on July 31.
• The appointment of Yadava was cleared by the Appointments Committee of the Cabinet (ACC) to the post of DG, RPF, up to his superannuation on July 31, 2025.
• Further IPS officer Shafi Ahsan Rizvi, posted as Special Director in the Intelligence Bureau (IB), is appointed as Advisor of the National Disaster Management Authority (NDMA)
• According to the order, the appointment of Rizvi was cleared by ACC on recommendation of the Union ministry of home.
• The ACC has also cleared the name of Maharashtra cadre IPS officer Rajesh Pradhan as Joint Director in the Central Bureau of Investigation (CBI) on a deputation basis.
  Pradhan, a 2003 batch IPS officer is currently posted as Deputy Inspector General in the CBI.

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9. Who has been nominated as a vice-chairperson of Rajya Sabha?
A) Ramesh Kumar
B) Sushma Patel
C) Phangnon Konyak
D) Ravi Singhania
E) Priya Sharma
Answer: C) Phangnon Konyak

• The lone Nagaland Member of Parliament in the Rajya Sabha S Phangnon Konyak has been nominated as one of the vice chairpersons of the Upper House.
• Under the Rules of Procedure and Conduct of Business in the Council of States (Rajya Sabha), Chairman (Mr Dhankhar) has been pleased to nominate you on the Panel of Vice Chairpersons with effect from July.
• Phangnon Konyak hails from Oting village in Mon district
• She belongs to the Bharatiya Janata Party.
• Phangnon is the second Naga woman parliamentarian after Late Rano Shaiza, who was elected into Lok Sabha in 1977.
• She is the first woman to be elected as Member of Rajya Sabha from Nagaland in April, 2022 and the second woman from the State to be elected to either House of the Parliament or the State Assembly.
• She is a member of Committee on Transport, Tourism and Culture, Consultative Committee for the Ministry of Development of North Eastern Region, Committee on Empowerment of Women, House Committee and Member, Governing Council of the North-Eastern Indira Gandhi Regional Institute of Health and Medical Sciences, Shillong.

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Awards – Daily Current Affairs July 21

10. Who has been awarded the British Prime Minister’s Points of Light award?
A) Moksha Roy
B) Ravi Singh
C) Neha Kapoor
D) Sanjay Patel
E) Priya Sharma
Answer: A) Moksha Roy

• Moksha Roy, who received British Prime Minister’s Points of Light awardfrom Deputy British Prime Minister Oliver Dowden, started her journey by volunteering for a UN Sustainable Development Goals (SDG) initiative against microplastic pollution.
• The initiative was supported by the Archbishop of Canterbury and the UN task force, earning Moksha the distinction of being the world’s youngest sustainability advocate at the age of three.
• The Points of Light awards recognise outstanding people whose service is making a difference in their communities and whose story can inspire others towards innovative solutions to social challenges in their own communities and beyond.

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International Affairs – Daily Current Affairs July 21

11. Which two countries signed the Memorandum of Cooperation for boosting semiconductor ecosystem development?
A) Japan and China
B) India and Australia
C) Japan and India
D) Japan and South Korea
E) India and the United States
Answer: C) Japan and India

• India and Japan signed a memorandum of understanding (MoU) on semiconductor development, which will include design, manufacturing, equipment research and talent development.
• The agreement as a substantial step to create a resilient complete value chain.
• The MoU is on five fronts, viz. semiconductor design, manufacturing, equipment research, talent development, and bringing resilience to the semiconductor supply chain
  India is to sign agreements with institutions like Georgia Tech University, he noted, and has already signed one with Caldwell University to build talent for advanced packaging.
• The Japan MoU follows investments from Micron Technology which recently announced to set up a semiconductor unit in India with an investment of $2.75 billion and Applied Materials which is going to set up a collaborative R&D centre with an investment of $400 million.
• The development comes weeks after Prime Minister Narendra Modi’s state visit to United States of America, and a week ahead of the Semicon India 2023, scheduled between July 28-30, in Gujarat’s Gandhinagar, which will witness the presence of some of the world leaders from semiconductor ecosystem.
• Before singing MoC with Japan, in May last year, US President Joe Biden and Prime Minister Narendra Modi had announced the US-India initiative on critical and emerging technology.

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12. Which two countries are planning to establish a high-capacity power grid interconnection?
A) India and Bangladesh
B) India and Nepal
C) India and Sri Lanka
D) Sri Lanka and Bangladesh
E) Sri Lanka and Nepal
Answer: C) India and Sri Lanka

• India and Sri Lanka have agreed to establish high-capacity power grid interconnection between the two nations to enable bidirectional electricity trade between the island nation and other regional nations.
• The MoU on cooperation in developing renewable energy would develop Sri Lanka’s significant renewable energy potential, including offshore wind and solar, according to the bilateral document.
• The MoU will enable Sri Lanka to achieve its target of generating 70 per cent of power requirements from renewable energy sources by 2030.
• The two nations have agreed to expedite the implementation of the understanding reached on the Sampur Solar power project and LNG infrastructure.
• India and Sri Lanka adopted a vision document to significantly expand connectivity and economic ties even as Prime Minister Narendra Modi conveyed to the island nation’s President Ranil Wickremesinghe the need to ensure a life of dignity for the Tamil community in that country.

India, Sri Lanka sign MoU on cooperation in field of renewable energy

• India, Sri Lanka signed a Memorandum of Understanding (MoU) on cooperation in the field of renewable energy.
• Another MoU was signed on cooperation for economic development projects in the Trincomalee district of Sri Lanka.
• The two countries issued a Joint Declaration of Intent (JDI) in the field of Animal Husbandry and Dairying and Network to Network Agreement between NPCI International Payments Limited (NIPL) and Lanka Pay for UPI application acceptance in Sri Lanka.
  An Energy Permit was issued for the Sampur Solar Power Project.
• This comes as Sri Lanka President Ranil Wickremesinghe arrived in Delhi on a two-day official visit to India

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National Affairs – Daily Current Affairs July 21

13. Which state in India got the country’s first Construction Innovation Hub (CIH)?
A) Karnataka
B) Kerala
C) Maharashtra
D) Tamil Nadu
E) Gujarat
Answer: B) Kerala

• Kerala got the country’s first Construction Innovation Hub (CIH) that seeks to promote affordable and sustainable building facilities so as to foster collaboration, innovation and knowledge-sharing among the stakeholders.
• Kerala Startup Mission (KSUM) will be responsible for the CIH’s overall programme management, including the identification and recruitment of the nascent companies as well as providing them housing-related technical mentorship and connections, besides program design and facilitation.
• Set up in association with Habitat for Humanity India (HFHI), which is an American non-profit organisation building homes and providing housing-related services to low-income families, the CIH is set to be based in Kochi.
• KSUM and the 1976-founded HFHI, which is based at Americus in Georgia State and functions in 70 countries, will focus on shelter technology while going ahead with CIH.
• The hub, which will be accessible to startups across India and is envisaged to initially function virtually, gives KSUM a decisive role in setting up a secretariat at the nodal agency to handle its administrative tasks and identify a full-time point to contact person for the CIH.

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14. Which city will host the 25th International Congress on Irrigation and Drainage?
A) Chennai
B) Kolkata
C) Visakhapatnam
D) Mumbai
E) New Delhi
Answer: C) Visakhapatnam

• Visakhapatnam will host the 25th International Congress on Irrigation and Drainage (ICID) from November 1-8, 2023.
• The conference will be organised as a joint initiative of Union and State Governments.
• The ICID will conduct the congress with the theme ‘Tackling Water Scarcity in Agriculture.’
• The 1st and 6th ICID Congresses in 1951 and 1966 were held in India, and this global event is being hosted here after 57 years.
• last ICID, held in Adelaide in 2022, conferred the ‘World Heritage Irrigation Structure’ award on Sir Arthur Cotton Barrage located in the state.
• Headquartered in Delhi, ICID, an international organisation, conducts its conference every three years.

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15. Which institute is set to become the 21st Indian Institute of Management (IIM) after the Union cabinet’s approval?
A) Indian Institute of Technology Bombay (IIT Bombay)
B) National Institute of Technology Delhi (NIT Delhi)
C) National Institute of Industrial Engineering (NITIE), Mumbai
D) Indian Institute of Science Bangalore (IISc Bangalore)
E) Indian Institute of Technology Kanpur (IIT Kanpur)
Answer: C) National Institute of Industrial Engineering (NITIE), Mumbai

• National Institute of Industrial Engineering (NITIE) in Mumbai is set to become an Indian Institute of Management (IIM) after the Union cabinet approved a bill amending the IIM Act to upgrade the NITIE as the 21st IIM.
• After the final approval by the Parliament, Mumbai will get its first IIM and Maharashtra will become the first state to have two IIMs.
• IIM Nagpur was among the six new-generation IIMs established by the Government of India in 2015.
• The NITIE was formerly known as the National Institute for Training in Industrial Engineering.
• It was established by the government of India in 1963 with the assistance of the United National Development Programme (UNDP) through the International Labour Organisation (ILO) to create skilled professionals.
• Funded by the government of India under the Ministry of Education, the NITIE offers postgraduate courses in various management and industrial engineering fields.
• Located on the banks of Vihar Lake in Mumbai’s Powai locality
• Four institutes from Mumbai made it to the top 10 in the country under various categories of the National Institute Ranking Framework (NIRF) 2023, declared in June.
• After being ranked 12th in 2017, the NITIE has consistently improved the NIRF ranking.
• After jumping into the top 10 institutes with rank 9 last year, it was ranked seventh this time.
• The first two IIMs, IIM Calcutta and IIM Ahmedabad, were established in November 1961 and December 1961, respectively.
• Over the years, more IIMs were set up, including IIM Bangalore in 1973, IIM Lucknow in 1984, IIM Kozhikode and IIM Indore in 1996, IIM Shillong in 2007, and IIM Raipur, IIM Ranchi and IIM Rohtak in 2010. The most recent additions to the list are IIM
• Tiruchirappalli and IIM Udaipur, established in 2011and the latest being IIM Mumbai in 2023.

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16. Who launched the collateral-free loan scheme for women in Himachal Pradesh?
A) Sukhvinder Singh Sukhu
B) Ram Lal Thakur
C) Jai Ram Thakur
D) Virbhadra Singh
E) Prem Kumar Dhumal
Answer: A) Sukhvinder Singh Sukhu

• Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu launched a collateral-free loan scheme for women.
• The ‘Sashakt Mahila Rin Yojna’ is an initiative of Himachal Pradesh State Cooperative Bank (HPSCB), which will provide loans to women for pursuing their entrepreneurial dreams, engage in livelihood activities, fulfil their day to day needs and uplift their families
• The scheme aims to empower women as the applicants need not to provide any assets or collateral as security against the loan amount.
• By providing financial assistance to women for self-employment and livelihood activities, the scheme will contribute to the economic empowerment of women, make them financially independent and improve their socio-economic status
• Under the scheme, the bank offers credit of Rs 21,000, Rs 51,000 and Rs 1,01,000 at a relatively low-interest rate of 8.51 per cent.

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17. In which city did the G20 Labour and Employment Ministers Meet take place?
A) New Delhi
B) Mumbai
C) Kolkata
D) Indore
E) Chennai
Answer: D) Indore

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18. What does PMFBY stand for in the context of the Centre’s initiative on crop insurance?
A) Pradhan Mantri Fertilizer Bima Yojana
B) Pradhan Mantri Food and Beverage Yojana
C) Pradhan Mantri Farmer Bima Yojana
D) Pradhan Mantri Fasal Bima Yojana
E) Pradhan Mantri Financial Budget Yojana
Answer: D) Pradhan Mantri Fasal Bima Yojana

• The Ministry of Agriculture and Farmers Welfare launched several new technological initiatives under the Pradhan Mantri Fasal Bima Yojana to empower farmers and streamlining the operations.
• The grand launch event was held in New Delhi wherein Union Agirculture Minister Shri Narendra Singh Tomar and Union Minister for Earth Sciences Shri Kiren Rijiju launched several new initiatives under PMFBY and RWBCIS, such as YES-Tech Manual, WINDS portal and door to door enrollment app AIDE/Sahayak, marking a turning point in India’s crop insurance landscape.
• YES-TECH Manual is a comprehensive guide developed after extensive testing and piloting in 100 districts of India. It facilitates the implementation of YES-TECH, a technology-driven yield estimation system, offering methodologies, best practices, and integration insights for accurate yield assessments at the Gram Panchayat level. On the other hand, the WINDS Portal is a centralized platform that hosts, manages, and processes hyper-local weather data collected by Automatic Weather Stations and Rain Gauges at Taluk/Block and Gram Panchayat levels. The portal enhances risk assessment and decision-making in crop insurance, agriculture advisories, and disaster mitigation, supporting the agricultural sector and rural economy.
• Unveiling the WINDS portal, Minister of Earth Sciences said that Shri Kiren Rijiju, Union Minister of Earth Sciences has called for adapting Agriculture to Climate Change with a “responsive and appropriate scientific mechanism. The launch program of Weather Information Network Data Systems (WINDS) portal and AIDE mobile app and unveiling of Yield Estimation System, based on Technology (YES-TECH) Manual, in New Delhi.
• The AIDE app’s introduction on Android platform aims to revolutionize the enrolment process, bringing it directly to the doorstep of farmers. This door-to-door enrolment ensures a seamless and transparent process, making crop insurance more accessible and convenient for farmers.

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