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1. News: Covid-19 2. Appointments 3. State in News 4. National & International News 5. BANKING & FINANCE 6. MCQs Revision 7. Science & Tech 8. Hot Topic: IFSCs 9. Covid-19 Table-2 Question. 15th Finance Commission has recommended the grant around ______for the period FY 2020-21 for Rural Local Bodies a) Rs.50,000 cr b) Rs.60,000 cr c) Rs.75,000 cr d) Rs.95,000 cr e) Rs.105,000 cr
▪ Ministry of Finance released the first installment of Rs.15187.50 crore, as grants-in-aid, in respect of 2.63 lakh RLBs located in the country. ▪ Rs.60,750 cr for the period FY 2020-21 National News
➢ The 15th Finance Commission held a meeting with representatives of World Bank, NITI Aayog & member of its High-level Group to discuss the health sector.
▪ World Bank recently successfully concluded a 20-year long partnership with Government of India in HIV.
▪ The World Bank was represented by Dr. Junaid Ahmad, Country Director ▪ The meeting was chaired by NK Singh. State in News
▪ Himachal Pradesh Chief Minister Jai Ram Thakur has announced that each and every household in the state has got access to LPG connection. (first state in India where 100 percent households have LPG connections)
▪ Around 1.36 lakh families of the state were benefited under the central government’s ”Pradhan Mantri Ujjawala Yojana
▪ HP government had launched ”Himachal Grihini Suvidha Yojana” State in News
▪ Maharashtra Chief Minister Uddhav Thackeray inaugurated a web portal ‘MahaJobs’ on 6th July 2020, to provide employment opportunities to unemployed local residents (sons of the soil) of the state.
▪ MahaJobs portal will bridge the gap between employers and skilled, semi-skilled and unskilled local workers of the state.
▪ It will be mandatory for the people registering at the job portal, to submit the domicile certificate. State in News
▪ Madhya Pradesh, in order to attract tourists to the tourist places of the state; 'Intzaar Aap Ka' means waiting for you campaign has started on social media platforms.
▪ Madhya Pradesh Tourism board is inviting tourists for safe outing during the monsoon season at various religious, natural and archaeological tourist places of the state like Mahakaleshwar, Pachmarhi, Kanha, Bandhavgarh, Amarkantak and other tourist places. State in News
▪ Union Minister of Agriculture & Farmers’ Welfare Narendra Singh Tomar inaugurated the newly constructed guest house of the Indian Agricultural Research Institute (IARI) in Jharkhand, named it after Late Dr Shyama Prasad Mukherjee on his birth anniversary.
▪ Govt is committed to double farmers’ income by ’2022. State in News
▪ Haryana Cabinet cleared a proposal to draft an ordinance, ‘The Haryana State Employment of Local Candidates Ordinance, 2020’, for reserving 75% private- sector jobs for its residents.
▪ Reservation to be given for jobs having a salary less than ₹50,000/month. State in News
▪ Uttar Pradesh Chief Minister Yogi Adityanath inaugurated ‘Mission Vriksharopan- 2020’ in Kukarel forest in Lucknow.
▪ Under this programme, more than 25 crore saplings will be planted across the state. Geo-tagging of all plantation sites is also to be done
▪ Wildlife & Bird sanctuaries– Dudhwa National Park & Tiger Reserve, Chandraprabha Wildlife sanctuary, National Chambal Sanctuary, Pilibhit Wildlife Sanctuary, Nawabganj Bird Sanctuary, Okhla Bird Sanctuary, Soor Sarovar Bird Sanctuary, Hastinapur WLS State in News
➢ Assam’s Dehing Patkai Wildlife Sanctuary to get National Park status
▪ Assam Chief Minister Sarbananda Sonowal submitted proposal to GOI
▪ Total number of National Parks
National Park Year 1 Kaziranga National Park 1974 2 Manas National Park 1990 3 Dibru-Saikhowa National Park 1999 4 Nameri National Park 1998 5 Rajiv Gandhi Orang National Park 1999 National News
➢ PM Narendra Modi will open Asia’s largest 750 MW Rewa Ultra Mega Solar Plant in Madhya Pradesh via video conferencing on July 10
➢ It is established in the Rewa district of Vindhya region of Madhya Pradesh. It is one of the largest single-site solar plants in Asia. Financial News
▪ The central government has established International Financial Services Centres Authority to regulate all financial services in International Financial Services Centres (IFSCs) with headquarters in Gandhinagar (Gujarat).
▪ It will regulate financial products such as securities, deposits or contracts of insurance, financial services, and financial institutions which have been previously approved by any appropriate regulator such as RBI, SBEI IRDAI etc.
▪ Authority will consist of nine members, appointed by the central government.
▪ The first IFSC in India has been set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. Financial News
➢ Senior bureaucrat and former Corporate Affairs Secretary, Injeti Srinivas has been appointed as the first chairman of the International Financial Services Centres Authority (IFSCA) with effect from 6th July 2020, for a period of three years.
▪ Srinivas, a 1983-batch IAS officer of Odisha cadre Sports News
▪ Tamil Nadu’s G Akash becomes 66th Grandmaster of India
▪ In chess, the Chennai-based G Akash has became the 66th chess Grandmaster of India, with a FIDE rating 2495.
▪ The 23-year-old got his GM title at the second council meet of International Chess Federation for the year 2020 held recently.
▪ Akash is coached by K. Visweswaran. Tech News
➢ Deutsche Bank agreed a strategic, multi-year partnership with Google to give it access to cloud services and drive innovation in tech-based financial products for clients.
▪ It focuses on redefining how the bank develops and offers its financial services.
▪ Deutsche Bank HQ: Frankfurt, Germany ▪ CEO: Christian Sewing Banking News
▪ Citi Bank has projected India’s GDP for FY21 to contract by 6%.
▪ Projection has been lowered by Citi, as compared to its earlier estimate of -3.5%.
▪ Citi has reduced the projection for the following reasons: Spread of the Corona Virus, Virus concentration risk and Macro Indicators.
• Headquarters: New York, United States • CEO: Mary McNiff Economy
➢ Moody: - 3.1 % ➢ India Ratings & Research: -5.3 % ➢ ICRA: - 5 % ➢ Goldman Sachs: -5 % ➢ ADB: -4 % ➢ UN: 1.2 % ➢ World Bank: - 3.2 % ➢ IMF: -4.5 % ➢ CII: -0.9% and 1.5% ➢ UBS Group: -0.4 % ➢ Nomura: -5.2% ➢ Standard & Poor’s: - 5 % ➢ SBI: -6.8% ➢ Fitch: -5% ➢ Barclays : 0% ➢ RBI: - 1.5% Banking News
▪ Fino Payments Bank Limited has launched Bhavishya Savings Account for minor children aged between 10 and 18 years to make children banking ready from early age and inculcate a savings habit among them.
▪ Bhavishya is an annual subscription-based savings account, which can be opened with just Rs. 349 (inclusive of GST).
▪ Initially, the bank is introducing the Bhavishya Savings Account in Uttar Pradesh, Bihar and Madhya Pradesh and gradually it will launch in other states. Banking News
➢ Key Features of Bhavishya Savings Account
▪ Monthly Average Balance requirement : Nil ▪ Accidental Insurance/Permanent disability cover of upto Rs.2 Lakhs linked with Rupay Platinum Debit Card ▪ Free cash deposit limit upto Rs.25,000 per month ▪ Upon attaining 18 years of age, the BhavishyaSavings Account will be upgraded to regular savings account on submission of Re-KYC with updated info. Books and Author
➢ Maruti Suzuki chairman R C Bhargava has written a book titled “Getting Competitive: A Practitioner’s Guide for India”.
▪ In the book Bhargava has used his experience of more than 60 years as a policymaker and industry leader to give practical suggestions on what needs to be done to make India competitive industrialised country and to create an equally just society.
▪ The book has been published by HarperCollins India. Books and Author
➢ Former RBI governor, Urjit Patel has written a book titled ‘Overdraft: Saving the Indian Saver’ will be releasing later this month
➢ The book focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking in recent years.
➢ It is published by Harper Collins India.
Use Code AD60 Join SBI PO Complete Course 2020 @1599/- Appointment News
➢ The government extended the term of office for 3 Months: Justice Bansi Lal Bhat who is officiating as the chairperson of National Company Law Appellate Tribunal.
▪ NCLAT Headquarters: New Delhi. Appointment News
➢ National Human Rights Commission has constituted an 11-member committee to study impact of Covid-19 on human rights and future response of the government.
▪ The expert panel would be headed by Dr K S Reddy, president of Public Health Foundation of India.
▪ NHRC of India is a Statutory public body constituted on 12 October 1993 under the Protection of Human Rights Ordinance of 28 September 1993
▪ NHRC Chairman – H L Dattu Resignation
➢ World-renowned clinical scientist & vaccine researcher Dr Gagandeep Kang resigned as executive director of Translational Health Sciences and Technology Institute in Faridabad.
➢ She led the health research institute under the Department of Biotechnology. Apps/Initiative/Schemes Developed by Use Code Pragyaam Jharkhand 5T(tracing testing teamwork Delhi AD60 tracking treatment) Get SBI PO Operation SHIELD Delhi Team 11 Uttar Pradesh Complete Mo Jeeban Odisha Course NAADI Puducherry and Ladakh Break the chain initiative Kerala @ 1599/- Namaste over handshake Karnataka Corona watch Karnataka Operation Namaste Indian ARMY Self declaration Nagaland Raj cop police Rajasthan Apps/Initiative/Schemes Developed by Use Code Lifeline UDAN Civil Aviation Ministry VERAs COVID 19 monitoring Telangana AD60 system Get SBI PO JEEVAN Ventilator Indian Railway Praan ventilator IISc Bangalore Complete Low cost(100Rs) PPE kit IIT Kanpur Course Praan VAAYU ventilator IIT Roorkie + AIIMS Risikesh Jeevan lite low-cost ventilator IIT Hyderabad @ 1599/- Unnayan mera mobile mera Bihar vidyadalaya Mo Pratibha Odisha Digital stethoscope IIT Bombay Safe app IIT Bombay NASAL gel IIT Bombay Headlines
▪ Uttar Pradesh Chief Minister Yogi Adityanath inaugurated ‘Mission Vriksharopan-2020’ in Kukarel forest in Lucknow.
▪ Assam’s Dehing Patkai Wildlife Sanctuary to get National Park status
▪ Injeti Srinivas has been appointed as the first chairman of the International Financial Services Centres Authority (IFSCA)
▪ Tamil Nadu’s G Akash becomes 66th Grandmaster of India
▪ Deutsche Bank agreed a strategic, multi-year partnership with Google to give it access to cloud services and drive innovation in tech-based financial products for clients. Headlines
➢ The 15th Finance Commission held a meeting with representatives of World Bank, NITI Aayog & member of its High-level Group to discuss the health sector.
➢ HP first state in India where 100 percent households have LPG connections)
➢ Maharashtra Chief Minister Uddhav Thackeray inaugurated a web portal ‘MahaJobs’
➢ Madhya Pradesh, in order to attract tourists to the tourist places of the state; 'Intzaar Aap Ka
➢ The Haryana State Employment of Local Candidates Ordinance, 2020’, for reserving 75% private-sector jobs for its residents. Headlines
▪ Citi Bank has projected India’s GDP for FY21 to contract by 6%.
▪ Fino Payments Bank Limited has launched Bhavishya Savings Account for minor children aged between 10 and 18 years
▪ Maruti Suzuki chairman R C Bhargava has written a book titled “Getting Competitive: A Practitioner’s Guide for India”.
▪ The government extended the term of office for 3 Months: Justice Bansi Lal Bhat (NCALT)
▪ World-renowned clinical scientist & vaccine researcher Dr Gagandeep Kang resigned as executive director of Translational Health Sciences and Technology Institute in Faridabad. @ 1599/- Use Code AD60 To avail 60% Discount
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