Daily Current Affairs July 27

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 27. 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 27| Daily Current Affairs 2023

Important days – Daily Current Affairs July 27

1. On which date is the Central Reserve Police Force (CRPF) Foundation Day celebrated every year?
A) July 15
B) July 20
C) July 25
D) July 27
E) July 30
Answer: D) July 27

• The Central Reserve Police Force (CRPF) Foundation Day is celebrated on July 27 every year to commemorate the formation of the central force on this day in 1039.
• Edition: 85th
• CRPF is an integral part of India’s internal security and one of the oldest Central Armed Police Forces (CAPF).
• Originally constituted as the Crown Representative Police in 1939, CRPF was the internal combat force in India. The force was renamed as CRPF by an Act of Parliament passed on December 28, 1949.
• CRPF has grown into India’s largest CAPF and functions under the Ministry of Home Affairs (MHA).

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Sports – Daily Current Affairs July 27

2. SumitNagal won the ATP Challenger men’s singles title by emerging victorious in the final of which tournament in Finland?
A) Helsinki Open
B) Turku Open
C) Tampere Open
D) Espoo Open
E) Oulu Open
Answer: C) Tampere Open

• SumitNagal clinched ATP Challenger men’s singles title after winning the final of Tampere Open 2023 in Finland.
• It was the Indian tennis player’s fourth ATP Challenger Tour title. SumitNagal, 25, won his second ATP Challenger event of the year, defeating Czech Republic’s DaliborSvrcina 6-4, 7-5 in the final.
• SumitNagal won the Garden Open in Rome in April
• The Indian tennis player’s other two ATP Challenger wins include the Buenos Aires and Bengaluru Challengers in 2019 and 2017, respectively
• Held in Tampere, Finland

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Ranking – Daily Current Affairs July 27

3. Which public sector bank has topped the list for the fifth consecutive year with the highest lending to corporations and PSUs of States and Union Territories?
A) State Bank of India (SBI)
B) Punjab National Bank (PNB)
C) Bank of Baroda (BOB)
D) Canara Bank
E) Bank of India (BOI)
Answer: D) Canara Bank

• Canara Bank topped the list of public sector banks with the highest lending to corporations and PSUs of States and Union Territories for the fifth year in a row.
• According to government data, Canara Bank led the lending to government-backed entities, with a total disbursement of ₹187,813 crore in FY23. Lending in the recently concluded fiscal was 11 per cent higher than the ₹1,69,532 crore the state-run bank lent to government entities.
• Punjab National Bank was the second highest lender in the previous fiscal, with a total loan disbursal of ₹70,143 crore.
• the country’s largest public sector bank, State Bank of India in 3rd , lent ₹66,523 crore to State enterprises in the previous fiscal, down from ₹81,735 crore in FY22.
• Bank of Baroda’s lending to corporations and State PSUs also fell to ₹15,707 crore in the previous fiscal from ₹42,015 crore in FY22.
• Punjab & Sind Bank had the lowest exposure to State PSUs and corporations in FY23 at ₹88 crore, against a lending of ₹3,570 crore in 2021-22.
• The total lending by 12 public sector banks to government entities fell to ₹4.12-lakh crore in FY23 from ₹4.93-lakh crore in FY22.

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Banking and Finance – Daily Current Affairs July 27

4. The Reserve Bank of India (RBI) has extended the validity of restrictions imposed on which cooperative bank in Lucknow, Uttar Pradesh, under Section 35A of the Banking Regulation until October 27, 2023?
A) Punjab National Cooperative Bank
B) Nainital Cooperative Bank
C) Indian Mercantile Cooperative Bank
D) Jaipur Central Cooperative Bank
E) Kanpur Central Cooperative Bank
Answer: C) Indian Mercantile Cooperative Bank

• The Reserve Bank of India (RBI) extended the validity of restrictions imposed under on Indian Mercantile Cooperative Bank Lucknow (Uttar Pradesh) from the close of business on January 28, 2022 under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 till October 27, 2023.
• The validity of the directions has been extended from time-to-time, the last being up to July 27, 2023.
• The banking regulator had in January 2022 imposed several restrictions on Indian Mercantile Cooperative Bank, Lucknow including a cap of ₹1 lakh on withdrawals.
• The RBI had in January 2022 directions restricted the Indian Mercantile Cooperative Bank to grant or renew any loans and advances, make any investment without prior approval of RBI in writing.
• The banking regulator also directed the cooperative Bank not to incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction, without prior approval of RBI in writing.
• In particular, a sum not exceeding ₹100,000 (Rupees one lakh only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn subject to the conditions stated in the above Reserve Bank directions.

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5. The Asian Development Bank (ADB) and the Government of India have signed an agreement for a $295 million loan to upgrade state highways with climate and disaster resilient design, and road safety elements in which Indian state?
A) Uttar Pradesh
B) Bihar
C) Rajasthan
D) Maharashtra
E) West Bengal
Answer: B) Bihar

• The Asian Development Bank (ADB) and the Government of India signed agreement for a $295 million loan to upgrade around 265 kilometer state highways with climate and disaster resilient design, and road safety elements in the state of Bihar.
• The signatories to the agreement for the Enhancing Connectivity and Sustainability in Bihar Roads Project were Mr. VumlunmangVualnam, Additional Secretary, Department of Economic Affairs, who signed on behalf of Government of India and Mr. Takeo Konishi, Country Director for ADB in India, who signed for ADB.
• The project supports the Government of Bihar’s programme to upgrade all state highways to standard two-lane widths and improve road safety. The improved roads will enhance connectivity in some of Bihar poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives.
• The project will also encourage women’s participation by providing employment to female workers in construction works. Trainings in livelihood as well as awareness on road safety, health, hygiene, abuse and harassment will be offered to women from communities in the project areas.
• Since 2008, ADB has provided five loans totaling$1.63 billion to the state of Bihar, for upgradation of about 1,696 kilometer state highways and construction of a new bridge over the Ganga River.

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6. Which bank has launched UPI Payments through RuPay Credit Cards?
A) ICICI Bank
B) HDFC Bank
C) Axis Bank
D) YES Bank
E) Kotak Mahindra Bank
Answer: D) YES Bank

• YES BANK announced the launch of UPI payments through RuPay Credit Cards.
• With this, customers can now link their YES BANK RuPay Credit Card with UPI-enabled apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, PayZapp, among others, making credit card-based transactions easier with enhanced security
• The launch of UPI Payments through RuPay Credit Cards empowers customers to now enjoy the ‘credit-free’ period feature on a UPI platform, which was earlier only limited to POS/eCom based transactions.
• Any existing YES BANK Credit Card customer who does not have a RuPay Credit Card can avail a virtual YES BANK RuPay Credit Card and link it with their existing UPI app.
• Enabling UPI on RuPay Credit Cards is a revolutionary initiative in the field of payments as this will offer multiple advantages to the customer and increase payment acceptability across millions of merchants who are available on the UPI platform, while also extending benefits of a credit card.

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7. Union Bank of India has partnered with which technology company to accelerate holistic digital transformation with future-ready capabilities?
A) Microsoft
B) Google
C) IBM
D) Infosys
E) TCS (Tata Consultancy Services)
Answer: C) IBM

• In a strategic move to usher in a new era of banking, Union Bank of India announced it has partnered with M/s IBM India Private Limited, a renowned technology system integrator, to co-create a state-of-the-art Digital Business Platform.
• This landmark collaboration aims to establish a Digital Bank, equipped with cutting-edge capabilities that focus on omni-channel experiences, data-driven hyper-personalization, and an extensive financial services superstore designed for seamless cross-selling and upselling
• The Digital Business Platform will also facilitate full digital journeys, providing customers with unparalleled convenience and efficiency.
• The bank will embrace Open Banking capabilities, allowing for seamless integration of services across multiple partnerships.

 

Union Bank of India:

Headquarters : Mumbai, Maharashtra
MD &CEO : A. Manimekhalai
Tagline: Good People to Bank with

The International Business Machines Corporation(IBM):

CEO: Arvind Krishna
Headquarters: Armonk, New York, United States
Founded: 16 June 1911

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8. ICICI Prudential Life Insurance has launched which life insurance product that offers life protection along with market-linked returns?
A) ICICI Pru Secure Life
B) ICICI Pru Secure Return
C) ICICI Pru Life Protect Plus
D) ICICI Pru Protect N Gain
E) ICICI Pru Market Link
Answer: D) ICICI Pru Protect N Gain

• ICICI Prudential Life Insurance launched ICICI Pru Protect N Gain, a product which offers a comprehensive life insurance cover, protection against accidental death and permanent disability due to an accident and market-linked returns to build long-term wealth and achieve financial goals.
• The product provides a life insurance cover up to 100 times the annual premium and enables customers to maximise returns by offering 18 funds options spread across equity
• Additionally, the company has simplified the buying process as per which policies can be issued based on declared income. Specifically, customers under the age of 45 are not required to undergo physical medical tests
• The life cover or claim amount will be paid out as a lump sum to the beneficiary/nominee in case of the demise or permanent disability of the policyholder due to an accident, ensuring the family is not financially vulnerable.

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Business and Economy – Daily Current Affairs July 27

9. India AI and Meta have signed an MoU to establish a framework in which field of technology?
A) Renewable Energy
B) Biotechnology
C) Artificial Intelligence (AI) & Emerging Technologies
D) Space Exploration
E) Nanotechnology
Answer: C) Artificial Intelligence (AI) & Emerging Technologies

• India AI, an IBD under Digital India Corporation and Meta, have signed an MoU to foster an innovative collaboration in the field of AI and Emerging Technologies.
• Shri Abhishek Singh, CEO of India AI and Shri ShivnathThukral, Director & Head of Public Policy, Meta in India, signed the MoU.
• MoU was signed with a motive to launch a ground-breaking framework for the pioneering collaboration and cooperation between India AI and Meta in the domain of Artificial Intelligence & Emerging Technologies, which also leads to making Meta’s open-source AI models available to use in the Indian AI ecosystem
• Additionally, the organisations may consider establishing a Centre of Excellence to nurture the start-up ecosystem of AI and other Emerging Technologies.
• Leveraging Meta’s AI research models like LlaMA, Massively Multilingual Speech, and No Language Left Behind, the partnership will focus on building datasets in Indian Languages to enable translation and large language models, with priority given to low-resource languages.
• Both organisations are dedicated to developing programmes and initiatives that enhance AI and Emerging Technologies skills and expertise among researchers, professionals, and students in India, contributing to the growth of AI talent in the country

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Acquisitions and Mergers – Daily Current Affairs July 27

10. Mahindra & Mahindra Limited has acquired a 3.53 per cent stake in which bank as an investment at a cost of ₹417 crore?
A) State Bank of India (SBI)
B) ICICI Bank
C) HDFC Bank
D) RBL Bank
E) Axis Bank
Answer: D) RBL Bank

• Mahindra & Mahindra acquired a 3.53 per cent stake in RBL Bank for Rs 417 crore and said it could make further investments without exceeding 9.9 per cent stake.

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Appointments – Daily Current Affairs July 27

11. Who has been appointed as the Chief Justice of Bombay High Court, as per the notification issued by the Centre?
A) Justice Devendra Kumar Upadhyaya
B) Justice S. Abdul Nazeer
C) Justice UdayUmeshLalit
D) Justice Sanjiv Khanna
E) Justice A. M. Khanwilkar
Answer: A) Justice Devendra Kumar Upadhyaya

• In exercise of the power conferred by clause (1) of Article 217 of Constitution of India, the President of India DroupadiMurmu is pleased to appoint Justice Devendra Kumar Upadhyaya, Judge of Allahabad High Court, to be Chief Justice of Bombay High Court
• This comes nearly eighteen days after the Supreme Court Collegium comprising Chief Justice of India (CJI) DY Chandrachud and Justices SK Kaul and Sanjiv Khanna on July 5 recommended the elevation of Justice Upadhyaya as head of Bombay HC.
• CJ RD Dhanuka retired on May 30, following which, Justice Nitin M Jamdar was appointed Acting CJ of Bombay HC.
• The Centre also issued a notification for elevation of Justice Dhiraj Singh Thakur of Bombay HC as Chief Justice of Andhra Pradesh HC.
• The SC Collegium had recommended Justice Thakur’s elevation on July 6. Justice Thakur was transferred from Jammu & Kashmir and Ladakh HC to Bombay HC in June, last year.
• Justice Upadhyaya was appointed as judge of Allahabad HC on November 21, 2011.
• He was elevated as its additional judge on November 21, 2011 and made permanent judge on August 6, 2013.

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Awards – Daily Current Affairs July 27

12. Who has won the Miles Franklin Literary Award 2023 for the novel ‘Chai Time at Cinnamon Gardens’?
A) JhumpaLahiri
B) Arundhati Roy
C) Salman Rushdie
D) Amitav Ghosh
E) ShankariChandran
Answer: E) ShankariChandran

• ShankariChandran wins Miles Franklin Literary Award 2023 for ‘Chai Time at Cinnamon Gardens’
• The Miles Franklin Literary Award is an annual prize given to “a novel which is of the highest literary merit and presents Australian life in any of its phases”.
• This year’s judges for the award included: Richard Neville- State Library of NSW Mitchell librarian and Chair; author Bernadette Brennan; translator MridulaNath Chakraborty; critic James Ley; and poet Elfie Shiosaki.
• Chandran’s award-winning novel ‘Chai Time at Cinnamon Gardens’ is a story about family, memories, community, race.
• The Miles Franklin Literary Award is one of the prestigious literary awards in Australia.
  Previous winners of the award include Thea Astley, Jessica Anderson, Tim Winton, among others.

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13. Which railway station has received UNESCO’s Asia Pacific Cultural Heritage award?
A) Bandra Terminus railway station
B) ChhatrapatiShivajiMaharaj Terminus (CSMT) railway station
C) Dadar railway station
D) Byculla railway station
E) Andheri railway station
Answer: D) Byculla railway station

• The 169-year-old Byculla railway station has bagged the UNESCO Asia-Pacific Award of Merit for cultural heritage restoration and conservation.
• In July 2019 a huge project to restore the ancient heritage architecture of Byculla railway station, one of India’s oldest stations began.
• This project had been initiated in coordination with Railways by Shaina NC Trustee, I Love Mumbai, in loving memory of her father Ex-Sheriff of Mumbai and Founder of I Love Mumbai and Giants International, late Padmashree Nana Chudasama with the support of Bajaj Trust Groups, and AbhaNarainLambah Associates, as their CSR initiative.
• Minal Bajaj and Niraj Bajaj of Bajaj Group and Jamnalal Bajaj Foundation funded this huge restoration project of over four crore rupees.
• The task of the entire planning and execution was completed and Byculla railway station was restored to its original, ancient, heritage architecture with excellence on 29.4.2022 at the hands of RaosahebDadaraoPatilDanve, Minister of State for Railways, Government of India.
• The ChhatrapatiShivajiMaharajVastuSangrahalaya (CSMVS) also won the highest award of excellence in the UNESCO Asia Pacific awards 2022, for cultural heritage conservation last year, when Byculla railway station was given the recognition.
• The following works were undertaken:
  • Beautification of the main entry/façade of platform number 1 – restoration, lighting, etc.
    • Improved and restored exit passage of platform number 1 -(Dadar end)
    • Garden area facing the façade restored and beautified
    • Restoration of all walls, grills, FOBs
    • Renovation of toilets for general and Divyangjan
    • Upgradation/beautification of water huts – two each on all platforms
    • Restoration and upgradation of benches
    • LED lighting at station in heritage scheme
    • Repainting and beautification of FOBs
    • Heritage wing roof restoration
    • Separate ladies toilet and regulation/restoration of the façade of offices/stores along the concourse

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International Affairs – Daily Current Affairs July 27

14. Which central bank has recently joined the International Committee on Credit Reporting (ICCR)?
A) Federal Reserve System (Fed)
B) Bank of England
C) European Central Bank (ECB)
D) Bank of Israel
E) Reserve Bank of India (RBI)
Answer: D) Bank of Israel

• In November 2022, at the winter meeting of the International Committee on Credit Reporting (ICCR), a vote was held among the Committee’s members, and it was decided unanimously to approve the Bank of Israel’s accession as a member of the organization.
• Since November, the World Bank has taken internal steps to approve the Bank of Israel’s membership, and following the convening of the spring session of the Committee in June, the World Bank issued an official approval for the Bank of Israel’s accession.
• In May 2009, the World Bank established an international task force, supported by the Bank for International Settlements (BIS), to create international credit reporting standards.
• The Committee includes representatives of central banks around the world and private financial regulators.
• The Committee supports a broad, forward-looking, approach to issues in the world of credit reporting, achieving consensus regarding policy aspects that affect the public interest. Member countries implement the most advanced international standards with regard to credit reporting and credit data sharing.
• The Committee sets out recognized international credit reporting standards.
• Among other things, it is responsible for processing articles, analyzing reports, writing guidelines and other relevant materials to help the proper implementation of the general principles, and identifying other considerations that will help build those general principles in the international credit system.
• It also devotes resources to developing and expanding various fields to help in building the general principles.

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National Affairs – Daily Current Affairs July 27

15. Which Public Sector Undertaking (PSU) has partnered with BITS Goa to ‘revolutionize’ the shipbuilding and defence industry through the development and implementation of cutting-edge artificial intelligence (AI) technologies?
A) Steel Authority of India Limited (SAIL)
B) Bharat Heavy Electricals Limited (BHEL)
C) Goa Shipyard Ltd (GSL)
D) Oil and Natural Gas Corporation (ONGC)
E) National Aluminium Company Limited (NALCO)
Answer: C) Goa Shipyard Ltd (GSL)

• In line with the ministry of defence’s thrust towards adoption of artificial intelligence (AI) into military systems and processes, Goa Shipyard Limited (GSL) and BITS Pilani – Goa have joined hands to use AI technologies in warship construction and for military equipment.
• Under the MoU, both entities will collaborate closely on research and development projects to harness AI’s full potential in shipbuilding and defence applications over the period of next one year.
• The shared expertise and resources will facilitate the creation of advanced AI algorithms, predictive maintenance models, autonomous systems, and more.
• Earlier in February, GSL and Bharat Electronics Ltd (BEL) inked a similar strategic partnership to develop autonomous vessels or unmanned boats using AI.
• GSL and BEL have already developed a 15-metres long ocean-going unmanned vessel which can perform surveillance and minesweeping roles.
• A couple of years earlier, GSL had defined a roadmap for incorporating AI in the shipyard’s processes and procedures.
• In August 2020, IIT Goa signed an MoU with GSL to explore the use of AI, ML, IoT, CFD and other areas for cooperation towards indigenous technology development.

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16. The Karnataka government and the Bengaluru civic body have entered into an agreement with which organization to transform the capital city with a focus on areas under the jurisdiction of Bengaluru Metropolitan Regional Development?
A) United Nations Development Programme (UNDP)
B) World Health Organization (WHO)
C) World Design Organisation
D) World Bank
E) World Economic Forum (WEF)
Answer: C) World Design Organisation

• The Karnataka government and the Bengaluru civic body entered into an agreement with the World Design Organisation to give a new shape to the capital city with focus on areas under the jurisdiction of Bengaluru Metropolitan Regional Development Authority (BMRDA).
• The WDO is headquartered in Canada.
• Around 200 to 300 engineers will take up the task to develop the city in the coming days

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