Daily Current Affairs July 26

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July 26 | Daily Current Affairs 2024

Obituary – Daily Current Affairs July 26

1. During which years did Hamzah Haz serve as the Vice President of Indonesia?
A) 1999-2002
B) 2001-2004
C) 1997-2000
D) 2002-2005
E) 2000-2003
Answer: B) 2001-2004

Event and Location:

• Event: Death of Former Indonesia Vice President Hamzah Haz
• Location: Jakarta, Indonesia
• Date: July 24, 2024

Mandates and Objectives:

• Service Period: Hamzah Haz served as the Vice President of Indonesia from 2001 to 2004.
• Roles:
  • Vice President under President Megawati Soekarnoputri
  • Minister for Investment
  • Coordinating Minister for People’s Welfare
  • Deputy Speaker of the Indonesian House of Representatives
• Political Career:
  • Contender in the 2004 presidential elections
  • Key figure in the Development Planning Party (PPP)

Important Terms Explained:

• Vice President of Indonesia: The second-highest executive office in Indonesia, responsible for assisting the President.
• Development Planning Party (PPP): One of Indonesia’s major Islamic political parties, with significant influence in shaping national policies.

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2. Which literary work is Father Francis D’Britto known for translating into Marathi?
A) Bhagavad Gita
B) The Holy Bible (New Testament)
C) The Quran
D) Shakespeare’s Plays
E) Mahabharata
Answer: B) The Holy Bible (New Testament)

Event and Location:

• Event: Death of Father Francis D’Britto
• Location: Nandakhal near Virar, Maharashtra, India
• Date: July 26, 2024

Mandates and Objectives:

• Key Contributions:
  • Literary Work: Known for translating the Holy Bible (New Testament) into lucid Marathi titled ‘Subodh Bible-Nava Karar’
• Awards:
  • Dnyanoba-Tukaram Puraskar
  • State’s literary award for best translation in 2013
  • Sahitya Akademi Award in 2014
• Positions Held:
  • President of the 93rd All India Marathi Literary Conference in January 2020
  • Editor-in-Chief of a Catholic community newspaper
• Education:
  • BA in Sociology
  • MA in Theology from Pune University

Important Terms Explained:

• All India Marathi Literary Conference: An esteemed literary event in Maharashtra, recognizing significant contributions in Marathi literature.
• Sahitya Akademi Award: A literary honor in India for outstanding works in various Indian languages.
• Dnyanoba-Tukaram Puraskar: An award recognizing significant contributions to Marathi literature.

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Banking and Finance – Daily Current Affairs July 26

3. When will the new Prompt Corrective Action (PCA) framework for urban co-operative banks (UCBs) take effect?
A) January 1, 2024
B) April 1, 2024
C) January 1, 2025
D) April 1, 2025
E) July 1, 2025
Answer: D) April 1, 2025

Event and Location:

• Event: Introduction of PCA framework for UCBs
• Location: India
• Date: July 26, 2024

Mandates and Objectives:

• Objective: Enhance regulatory oversight and intervention mechanisms for urban co-operative banks (UCBs) with deposits above ₹100 crore.
• Framework Overview:
  • Effective Date: April 1, 2025
  • Replaces: Existing supervisory action framework (SAF) effective since January 6, 2020
  • Applicability: All UCBs in tier 2, tier 3, and tier 4 categories, excluding those under all inclusive directions (AID)

Key Features of the PCA Framework:

• Harmonization: Aligned with frameworks for scheduled commercial banks and non-banking financial companies (NBFCs).
• Principle-based Approach: Fewer parameters to enhance supervisory efficiency without compromising rigor.
• Flexible Capital Expenditure Limits: Removes the rigid ₹25,000 limit on capital expenditure restrictions; supervisors can set limits based on individual evaluations.
• Proportionality: Modifications to address unique aspects of UCBs while maintaining core principles.

Important Terms Explained:

• Prompt Corrective Action (PCA): A regulatory framework by the RBI to intervene and improve the financial health of banks showing signs of distress.
• Urban Co-operative Banks (UCBs): Banks established in urban and semi-urban areas, providing credit to the urban population, especially the small borrowers and businesses.
• Tier 2, Tier 3, and Tier 4 UCBs: Classification based on the size and complexity of the banks’ operations.

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Acquisitions and Mergers – Daily Current Affairs July 26

4. Which law firm advised Mankind Pharma on its acquisition of Bharat Serums and Vaccines?
A) Khaitan & Co
B) AZB & Partners
C) Cyril Amarchand Mangaldas
D) Shardul Amarchand Mangaldas
E) Luthra & Luthra
Answer: B) AZB & Partners

Event and Location:

• Event: Mankind Pharma’s acquisition of Bharat Serums and Vaccines

Mandates and Objectives:

• Transaction Details:
  • Acquirer: Mankind Pharma Limited
  • Acquired: Bharat Serums and Vaccines Limited
  • Seller: Advent International
  • Deal Value: $1.6 billion (approximately Rs 13,600 crore)
• Advising Firms:
  • Khaitan & Co: Advised Advent International
• Team Members:
  • Aakash Choubey (Partner)
  • Aashutosh Sampat (Partner)
  • Sameer Sah (Partner)
  • Anshuman Mozumdar (Partner)
  • Ayush Sinha (Senior Associate)
  • Sagarika Chandel (Senior Associate)
  • Aditi Halder (Associate)
  • Ankush Unni (Associate)
  • Amogh Pareek (Associate)
  • Abhishek Singh (Associate)
  • Arun Kumar (Associate)
• AZB & Partners: Advised Mankind Pharma
  • Team Led by: Vaidyanathan Iyer (Partner)

Important Terms Explained:

• Acquisition: The act of acquiring control of another corporation by purchase or exchange of stock.
• Advising Firm: A law firm providing legal counsel and services during a transaction.

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Appointments – Daily Current Affairs July 26

5. Which university did the newly appointed DGP of Andaman and Nicobar Islands, HS Dhaliwal, graduate from?
A) Delhi University
B) Panjab University
C) Mumbai University
D) Bangalore University
E) Kolkata University
Answer: B) Panjab University

Event and Location:

• Event: Appointment of new Director General of Police (DGP)
• Location: Andaman and Nicobar Islands
• Date: July 25, 2024

Mandates and Objectives:

• New Appointment:
  • New DGP: Hargobinder Singh Dhaliwal
  • Previous Role: Special Commissioner of Police in New Delhi overseeing traffic zone-II
• Previous DGP: Devesh Chandra Srivastva transferred to New Delhi
  • Distinguished Service: 27 years in Arunachal Pradesh, Goa, Delhi, and Mizoram
  • Awards: Police Medal for ‘Meritorious Service’ and President’s Police Medal for ‘Distinguished Service’

Important Terms Explained:

• DGP (Director General of Police): The highest-ranking police officer in an Indian state or union territory.
• IPS (Indian Police Service): The premier civil service for policing in India.

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Awards – Daily Current Affairs July 26

6. Which radio station won the First Prize in the Promoting Local Culture category at the 10th National Community Radio Awards?
A) Radio Mayur
B) Radio Brahmaputra
C) Radio Benziger
D) Radio Kochi
E) Radio Active
Answer: B) Radio Brahmaputra

Event and Location:

• Event: 10th National Community Radio Awards
• Location: Inauguration of India’s 500th Community Radio Station, ‘Apna Radio 90.0 FM,’ Aizawl

Mandates and Objectives:

• Objective: Recognize and celebrate the contributions of community radio stations to society.

Categories and Winners:

• Thematic Award:
  • First Prize: Radio Mayur, Bihar for ‘Tech Sakhi’
  • Second Prize: Radio Kochi, Kerala for ‘Nirangal’
  • Third Prize: Hello Doon, Uttarakhand for ‘Meri Baat’
• Most Innovative Community Engagement Award:
  • First Prize: Yerlawani Sangli, Maharashtra for ‘Kahani Sunandachi’
  • Second Prize: Vaylaga Vanoli, Tamil Nadu for ‘Let’s Build a New Norm’
  • Third Prize: Salaam Namaste, Uttar Pradesh for ‘Maid Didi’
• Promoting Local Culture Award:
  • First Prize: Radio Brahmaputra, Assam for ‘Igarekun’
  • Second Prize: Radio Kotagiri, Tamil Nadu for ‘En Makkaludan Oru Payanam’
  • Third Prize: Radio Active, Bihar for ‘Ang Pradesh ki Adbut Dharohar’
• Sustainability Model Award:
  • First Prize: Radio Benziger, Kerala
  • Second Prize: Radio Namaskar, Odisha
  • Third Prize: Radio Antarwani, Karnataka

Important Terms Explained:

• Community Radio: A type of radio service that offers a third model of radio broadcasting beyond commercial and public service. Community stations serve geographic communities and communities of interest.
• Act East Policy: An Indian government policy aimed at promoting economic cooperation, cultural ties, and strategic relationships with countries in the Asia-Pacific region.

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Science and Technology – Daily Current Affairs July 26

7. What frequency band will Azista BST Aerospace’s newly authorized ground station operate in?
A) VHF (Very High Frequency)
B) UHF (Ultra High Frequency)
C) SHF (Super High Frequency)
D) EHF (Extremely High Frequency)
E) MF (Medium Frequency)
Answer: B) UHF (Ultra High Frequency)

Event and Location:

• Event: Authorization to establish and operate a ground station
• Location: New Delhi, India
• Date: July 26, 2024

Mandates and Objectives:

• Objective:
  • Support satellite operations and provide Ground Station as a Service (GSaaS) for Telemetry, Tracking, and Command (TT&C) operations.
  • Enable data reception from remote sensing satellites for Indian and international customers.
• Authorized Entity: Azista BST Aerospace, a joint venture between Azista Industries (Hyderabad) and Berlin Space Technologies.

Key Features:

• Frequency Band: Ultra High Frequency (UHF), 300 MHz to 3 GHz
• Applications:
  • Data relay for remote sensing
  • Telemetry and control of satellites
  • Support for weather forecasting, environmental monitoring, scientific research, and military operations

Important Terms Explained:

• Ground Station as a Service (GSaaS): A service model providing satellite operators access to ground station infrastructure for TT&C operations.
• Telemetry, Tracking, and Command (TT&C): Essential satellite operations functions, including tracking the satellite’s position, receiving telemetry data, and sending commands to the satellite.

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International Affairs – Daily Current Affairs July 26

8. Which regiment represents the Indian Army in the multinational military exercise ‘Khaan Quest’ 2024 in Mongolia?
A) Rajput Regiment
B) Madras Regiment
C) Sikh Regiment
D) Gorkha Regiment
E) Dogra Regiment
Answer: B) Madras Regiment

Event and Location:

• Event: Multinational Military Exercise ‘Khaan Quest’
• Location: Ulaanbaatar, Mongolia
• Date: July 27 to August 9, 2024

Mandates and Objectives:

• Preparation for Peacekeeping: The exercise aims to prepare the Indian Armed Forces for peacekeeping missions, enhancing interoperability and military readiness in peace support operations.
• Focus Areas:
  • High degree of physical fitness
  • Joint planning
  • Joint tactical drills
  • Establishment of static and mobile checkpoints
  • Cordon and search operations
  • Patrolling
  • Evacuation of civilians from hostile areas
  • Counter-improvised explosive device drills
  • Combat first aid
  • Casualty evacuation

Important Terms Explained:

• Interoperability: The ability of military forces from different nations to work together effectively in operations.
• Peace Support Operations: Operations intended to maintain peace and security in areas of conflict, often under the mandate of international organizations like the United Nations.
• Chapter VII of the United Nations Charter: Provides the UN Security Council with the power to maintain peace, including the use of military force if necessary.

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9. What is the main objective of the Cultural Property Agreement (CPA) signed between India and the USA?
A) Promoting tourism between the two countries
B) Preventing illegal trafficking of cultural property
C) Enhancing trade relations
D) Developing new cultural festivals
E) Building museums in both countries
Answer: B) Preventing illegal trafficking of cultural property

Event and Location:

• Event: Signing of the Cultural Property Agreement (CPA)
• Location: Bharat Mandapam, New Delhi
• Date: July 26, 2024

Mandates and Objectives:

• Objective: Prevent and curb the illicit trafficking of antiquities from India to the USA.
• Key Points:
  • The CPA aligns with the 1970 UNESCO Convention on Prohibiting and Preventing the Illicit Import, Export, and Transfer of Ownership of Cultural Property.
  • The agreement is aimed at safeguarding India’s cultural heritage and preventing illegal trafficking of cultural property.

Important Terms Explained:

• Cultural Property Agreement (CPA): A bilateral agreement to prevent the illicit trafficking of cultural property.
• 1970 UNESCO Convention: An international treaty aimed at preventing the illicit import, export, and transfer of ownership of cultural property.

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National Affairs – Daily Current Affairs July 26

10. Who launched the upgraded Steel Import Monitoring System (SIMS) 2.0?
A) Shri Bhupathiraju Srinivasa Varma
B) Shri Nagendra Nath Sinha
C) Shri H.D. Kumaraswamy
D) Shri Piyush Goyal
E) Shri Narendra Modi
Answer: C) Shri H.D. Kumaraswamy

Event and Location:

• Event: Launch of ‘Steel Import Monitoring System’ (SIMS) 2.0 Portal
• Location: PIB Delhi

Mandates and Objectives:

• SIMS 2.0 Features:
  • Robust data entry system ensuring consistent and authentic data
  • API integration with multiple government portals
  • Enhanced quality control and streamlined processes
  • Better risk management and analysis of steel imports
• Objectives:
  • Promote transparency and accountability in steel imports
  • Provide detailed import data for policy making and growth
  • Support domestic steel industry’s self-sufficiency and growth
  • Align with the vision of Atmanirbhar Bharat

Important Terms Explained:

• SIMS (Steel Import Monitoring System): A system introduced in 2019 to monitor steel imports and provide data to the domestic industry.
• API Integration: Allows different software systems to communicate and share data seamlessly.
• Atmanirbhar Bharat: An initiative by the Government of India aiming at making the country self-reliant.

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11. When will the 9th Governing Council Meeting of NITI Aayog be held?
A) July 25, 2024
B) July 26, 2024
C) July 27, 2024
D) July 28, 2024
E) July 29, 2024
Answer: C) July 27, 2024

Event and Location:

• Event: 9th Governing Council Meeting of NITI Aayog
• Location: Rashtrapati Bhavan Cultural Centre, New Delhi
• Date: July 27, 2024

Mandates and Objectives:

• Vision: ‘Viksit Bharat@2047’ aiming to make India a developed nation by 2047
• Focus Areas:
  • Enhancing quality of life for rural and urban populations
  • Strengthening delivery mechanisms of government interventions
  • Fostering participative governance and collaboration between Centre and State Governments
• Discussion Points:
  • Approach Paper for the Vision Document on Viksit Bharat @2047
  • Role of states in achieving the vision
  • Recommendations from the 3rd National Conference of Chief Secretaries
• Key Themes:
  1. Drinking Water: Access, Quantity, and Quality
  2. Electricity: Quality, Efficiency, and Reliability
  3. Health: Accessibility, Affordability, and Quality of Care
  4.  Schooling: Access and Quality
  5.  Land and Property: Accessibility, Digitization, Registration, and Mutation

Important Terms Explained:

• NITI Aayog: National Institution for Transforming India, a policy think tank of the Government of India
• Governing Council: The apex body of NITI Aayog, chaired by the Prime Minister, including Chief Ministers, Lieutenant Governors, Union Ministers, and NITI Aayog members

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12. Till which month has the Electric Mobility Promotion Scheme (EMPS) 2024 been extended?
A) August
B) September
C) October
D) November
E) December
Answer: B) September

Event and Location:

• Event: Extension of Electric Mobility Promotion Scheme (EMPS) 2024
• Location: India
• Date: July 26, 2024

Mandates and Objectives:

• Objective: Boost adoption of electric vehicles (EVs) across the country and support the green mobility initiative.
• Scheme Details:
  • Initial Duration: April 1, 2024, to July 31, 2024
  • Extended Duration: Up to September 30, 2024
  • Original Outlay: ₹500 crore
  • Enhanced Outlay: ₹778 crore

Key Focus Areas:

• Targeted EV Categories:
  • Electric two-wheelers (e-2Ws)
  • Electric three-wheelers (e-3Ws), including registered e-rickshaws & e-carts
  • L5 category vehicles
• Eligibility:
  • Mainly for commercial purposes, but privately or corporate-owned registered e-2Ws are also eligible.
• Goals:
  • Advance government’s green initiatives
  • Foster growth of the EV manufacturing ecosystem
  • Provide affordable and environment-friendly public transportation

Important Terms Explained:

• Electric Mobility Promotion Scheme (EMPS): A government initiative to promote the adoption of electric vehicles and support the EV manufacturing ecosystem.
• L5 Category Vehicles: A classification of electric three-wheelers with certain specifications.

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