Current Affairs 04 July 2022

Current Affairs

4TH July 2022

Reading Daily Current Affairs is very important if you are preparing for government competitive examinations such as UPSC, UPPCS, SBI PO, SBI Clerk, IBPS PO, IBPS Clerk, SSC CGL, SSC CHSL, CDS, AFCAT, NDA, Airforce, Railways, ESIC, EPFO, SIDBI, NABARAD, RBI, etc. If you read current affairs daily, then you can easily score good marks in the current affairs section. Commonly, current affairs are asked in almost all the exams. If you try to mug up the current affairs on the last day of the exam, then you will ruin your whole exam. So, the best way to score marks in the current affairs section is that you should read current affairs on daily basis.   

  Read the Daily current affairs July 03 & 04 2022 provided here topic-wise covering all the important news updates. Here we have analyzed and classified the topics in Daily current affairs.

1.      Important Days celebrated on 4th July

American Independence Day- July 4

·         Independence Day, also called the Fourth of July or July 4th, in the United States, is the annual celebration of nationhood.

·         It commemorates the passage of the Declaration of Independence by the Continental Congress on July 4, 1776.

·         Independence Day is celebrated on Monday, July 4, 2022, in the United States.

·         On July 4th, the Continental Congress formally adopted the Declaration of Independence, which had been written largely by Jefferson.

·         Though the vote for actual independence took place on July 2nd, from then on, the 4th became the day that was celebrated as the birth of American independence

·         On July 4, 1776, the Second Continental Congress unanimously adopted the Declaration of Independence, announcing the colonies’ separation from Great Britain.

2.      National News

Centre grants financial assistance of five lakh rupees to 35 families of journalists under the ‘Journalist Welfare Scheme’

·         The Central Government has approved a proposal of the Journalist Welfare Scheme Committee to provide financial relief to the families of 35 journalists who have lost their lives.

·         This includes 16 families of journalists who died of Covid-19.

·         The JWS committee meeting was attended by Principal Director General, Press Information Bureau Jaideep Bhatnagar, Joint Secretary in the Information and Broadcasting Ministry along with the journalist representatives of the Committee.

·         The families will be provided with the assistance of up to five lakh rupees.

About The Journalist Welfare Scheme

·         The Journalist Welfare Scheme, JWS Committee headed by Secretary, Information and Broadcasting Ministry, Apurva Chandra also recommended assistance to two journalists suffering from permanent disability and to five journalists for their medical treatment of major ailments as per the JWS guidelines.

·         The committee approved total assistance of one crore and 81 lakh rupees during the meeting.

·         Under the scheme, assistance has been provided to 123 families of the journalists so far, who have lost their lives due to Covid-19.

·         Assistance is also provided to journalists in case of permanent disability, serious accidents, and major health ailments.

·         During the last financial year, 134 journalists and their families assisted in under various categories amounting to six crores 47 lakh rupees.

Kashi Yatra’ Scheme

Recently, the Government of Karnataka launched the ‘Kashi Yatra’ scheme. Under this scheme, cash assistance of Rs 5,000-5,000 will be provided to 30,000 pilgrims willing to undertake a pilgrimage to Kashi Vishwanath Temple in Varanasi, Uttar Pradesh. The state government will use the amount up to Rs.7 crore from the account head of ‘Assistance to Mansa Sarovar Pilgrims’ for this scheme. Clarifying the scheme, Karnataka’s Minister for Religious Endowments, Haj and Waqf Shashikala Jole said that the government-sponsored ‘Kashi Yatra’ will benefit the pilgrim only once in a lifetime.

Eligibility for ‘Kashi Yatra’ scheme:

  • The Beneficiary of This Yatra Should Be a Native of Karnataka.
  • The Age of The Beneficiary Should Be More Than 18 Years.
  • Beneficiaries Who Have Taken Advantage of The Scheme Once Are Not Eligible To Apply For The Next Time.
  • The Documents Required for The Benefit of The Scheme Are Proof Of Domicile, Voter ID Card, Aadhar Card Or Ration Card Or Voter ID, Etc.

Pradhan Mantri formalization of Micro Food Processing Enterprises Scheme completes two years:

·         The Pradhan Mantri formalization of Micro Food Processing Enterprises, PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years.

·         The PMFME Scheme is currently being implemented in 35 States and Union Territories, envisioning enhancement of the existing individual micro-enterprises in the unorganized segment of the food processing industry and formalization of the sector.

·         This scheme also envisages financial support of 40,000 rupees for working capital and the purchase of small tools for each member of the Self-Help Group (SHG) engaged in food processing activities.

·         Over one lakh SHG members have been identified and the seed capital amount of 203 crore rupees has been released so far.

About Pradhan Mantri Formalization of Micro food processing Enterprises:

·         Ministry of Food Processing Industry (MoFPI) has launched the Pradhan Mantri Formalization of Micro food processing Enterprises (PMFME) scheme under the Aatmanirbhar Bharat Abhiyan to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector.

·         The scheme is to be implemented over five years from 2020-21 to 2024-25 with a total outlay of Rupees 10,000 crore.

·         The scheme has a special focus on supporting Groups engaged in Agri-food processing such as Farmer Producer Organizations (FPOs), Self Help Groups (SHGs), and Producers Cooperatives along their entire value chain.

The PMFME scheme support in terms of:

1.      Food processing entrepreneurs through credit-linked capital subsidy @35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit.

2.      Seed capital @ Rs. 40,000/- per SHG member for working capital and purchase of small tools.

·         Credit linked grant of 35% for capital investment to FPOs/ SHGs/ producer cooperatives.

1.      Support for marketing & branding to micro-units.

2.      Support for common infrastructure and handholding support to SHGs, FPOs, and Producer Cooperatives.

3.      Providing Capacity building and training support to increase the capabilities of the enterprises and up-gradation of skills of workers.

Bosch India’s “smart” campus is opened by PM in Bengaluru:

·         In a sense, Prime Minister Shri Narendra Modi officially launched the new smart campus of Bosch India, a leading provider of technology and services in Bengaluru.

·         As both India and Bosch India celebrate their 75th anniversaries of independence this year, Modi said in his inaugural speech that this is a momentous year for both nations.

Key Points:

·         A century ago, Bosch came to India as a German company; now, it is just as much an Indian company as it is one from Germany.

·         This is a wonderful example of German engineering with Indian energy.

·         This campus is at the forefront of developing cutting-edge products and services for both India and the rest of the globe.

·         The Prime Minister begs Bosch to make plans for the next 25 years and take India more seriously.

·         It is stepping up its AIoT (Artificial Intelligence of Things) activities in that nation by rebranding its headquarters in Adugodi, India, as a new smart campus called Spark.

·         Bosch claimed to have spent Rs 800 crore over the previous five years building the campus, which can house 10,000 associates.

Udyami Bharat’ program

Recently, Prime Minister Narendra Modi launched several initiatives by participating in the ‘Udyami Bharat’ program.

Raising and Accelerating MSME Performance (RAMP) Scheme – The scheme was launched with an outlay of around Rs 6000 crore to enhance and accelerate MSME performance (RAMP). The objective of the RAMP scheme is to enhance the coverage and implementation capacity of MSMEs in the states along with enhancing the impact of existing MSME schemes. This scheme will complement the self-reliant India campaign in innovation, ideology, entrepreneurship, improving practices and processes, developing new business by developing quality standards, and increasing market access.

Capacity Building of First-Time MSME Exporters (CBFTE) Scheme – The objective of the CBFTE scheme is to encourage MSMEs to offer products and services of international standards in the global market. The scheme will also enhance the participation of Indian MSMEs in the international value chain. CBFTE will help them in realizing the export potential.

New features of the Prime Minister’s Employment Generation Program (PMEGP)

  1. The maximum project cost for the manufacturing sector has been capped at Rs 50 lakh as against Rs 25 lakh earlier.
  2. The project cost for the service sector has been increased to Rs.20 lakh.

PM Modi also transferred assistance digitally to the beneficiaries of PMEGP for 2022-23.

CURRENT AFFAIRS: INTERNATIONAL NEWS

India Hosts 8th Round of SCO Meeting in New Delhi

·         India hosted the 8th round of meetings with the heads of the border services of the competent authorities of the member states of the Shanghai Cooperation Organization (SCO) in New Delhi.

·         Including India, the meeting was attended by the other 7 members China, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Uzbekistan, and the Executive Committee of the SCO-RATS (Regional Anti-Terrorist Structure).

·         India is represented by Border Security Force (BSF) Director General Pankaj Kumar Singh.

·         The daylong meeting was held under the chairmanship of India, which assumed the chair of SCO-RATS on October 28, 2021, for one year.

·         The meeting was held in a professional and constructive atmosphere as extensive deliberations on the pressing security challenges, including threats of terrorism, and regional security scenarios, including the situation in Afghanistan.

·         In the SCO meeting, the participants exchanged information reflecting assessments of the situation on the state borders of the SCO member states, trends, and forecasts of its development.

·         The plan for preparation and organization of this year’s Joint Border Operation “Friendship Border – 2022″ was reviewed and approved.

·         Member States supported the initiative of China to conduct a joint border operation of the border services of the competent authorities of the SCO member states Solidarity 2023.

·         They approved the work plan of the group of experts of the Border Services of the SCO member states for 2023.

About SCO:

·         Established: 15 June 2001

·         Membership: 8 member states (Russia, China, India, Pakistan, Kazakhstan, the Kyrgyz Republic Uzbekistan, and Tajikistan)

·         Secretary-General: Zhang Ming

·         Headquarters: Beijing, China

  • The production of mined zinc metal rose by 14% for Hindustan Zinc from April to June from 2,21,000 tons last year to 2,52,000 tons.
  • Triveni Engineering and Industries aim to invest Rs 210 crores in its business to enhance the sugar crushing facility and to expand the transmission business.
  • Ultratech Cement has dropped the plans to buy a cement plant from debt-laden Jaiprakash Associates Ltd.
  • According to the official data, the fraud cases in public and private sector banks have dropped from 256 in 2020-21 to 118 in FY22.
  • Malaysia is considering replacing its MiG-29 combat aircraft with India’s Tejas, as revealed by Hindustan Aeronautics Limited Director R Madhavan. He also said that the deal is in the final stages and might be closed soon.
  • India has gifted 75 ambulances and 17 school buses to Nepal.
  • China’s Palace Museum opened its branch in Hong Kong to drive patriotism toward China in Hong Kong.
  • London witnessed its 50th Pride Parade on Saturday with its streets filled with color and festivities.
  • Israel’s new Prime Minister Yair Lapid held his first cabinet meeting and promised a functional government in the coming days for the country’s citizens.

CURRENT AFFAIRS: STATE NEWS

Himachal Pradesh CM launches ‘Naari Ko Naman’ scheme; women to get 50% concession on bus fare

·         The Chief Minister of Himachal Pradesh Shri Jai Ram Thakur launched Naari Ko Naman’s scheme at the Government College Auditorium in Dharamshala in Kangra district, Himachal Pradesh.

Purpose:

·         To provide 50 percent concession to the women passengers in fares in Himachal Road Transport Corporation (HRTC) buses.

·         Earlier the chief minister had announced the 50 percent concession on bus fares to women on April 15, 2022, Himachal Day.

·         In another scheme, he announced a reduction in the minimum bus fare from Rs 7 to Rs 5 for all passengers across HP.

·         Also, the government will sanction 25 new posts of women drivers in the ‘Ride with Pride’ government taxi service, an initiative to ferry women passengers and senior citizens.

·         Seema Thakur is the First Female Driver In Himachal Pradesh. 

CURRENT AFFAIRS: BANKING AND FINANCE

Axis Financial institution Partners with EazyDiner to launch a premium eating expertise program

·         Axis Financial institution has partnered with EazyDiner, a table reservation, food discovery, and restaurant payment platform, and have launched Dining Delights, an eating experience program for the bank’s customers.

About the Program:

·         The program will offer benefits such as the option to choose from over 10,000 premium restaurants across India and Dubai, instant confirmation on table reservations, and offers on dining reservations made through the EazyDiner app.

·         It is aligned to serve a rising variety of prospects who need alternatives, selection, and comfort.

SEBI gives UPI payment option to invest in public issues of REITs, InvITs

·         Capital market regulator Securities Exchange Board of India (SEBI) gave an additional option of UPI (Unified Payments Interface) to retail investors to apply in the public issues of Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) for application value up to Rs 5 lakh.

·         The change will apply to public issues of units of REIT and InvITs which open from August 1, 2022.

·         The capital markets regulator January 2019 laid down the process for payment for applications in the public issue of units of these new investment instruments through the facility of Applications Supported by Blocked Amount (ASBA).

·         The regulator has decided to reduce the time taken for allotment and listing of units of privately placed InvIT after the closure of the issue to 6 working days as against the present requirement of 30 working days.

·         REIT comprises a portfolio of commercial real assets, a major portion of which is already leased out, InvITs comprise a portfolio of infrastructure assets, such as highways and power transmission assets.

About SEBI:

·         Established: April 12, 1988, & given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

·         Headquarters: Mumbai, Maharashtra, India

·         Chairman: Madhabi Puri Buch

·         The SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance.

CURRENT AFFAIRS: SPORTS AND ENTERTAINMENT

The first player to win 80 matches in four Grand Slams

Serbia’s star tennis player Novak Djokovic has become the first player in history to win 80 matches in all four Grand Slams. Novak registered his 80th win by defeating Kwon Soon-woo 6-3, 3-6, 6-3, 6-4 on center court at Wimbledon. Novak is a six-time champion in the Open Era, becoming the first male player to win 80 matches in all four Grand Slams. If he wins a seventh title, he will be on par with Pete Sampras and become the joint second successful men’s singles player at the world’s oldest Grand Slam. In this case, Roger Federer is on top with one title.

Several matches won by Novak Djokovic in all four Grand Slams:

  • 85 Matches at Roland Garros
  • 82 Matches at The Australian Open
  • 81 Matches at The US Open
  • 80 Matches at Wimbledon

India Cricket Team News

  • India leads India vs England 5th test by 257 runs on Day 3.
  • Rohit Sharma tests negative and will play against England on 7th July in the opening game of the white ball series.
  • Carlos Sainz won his maiden F1 race at the British Grand Prix.

           Dilsha Prasannan won Bigg Boss Malayalam Season 4

India covid news

Covid cases in India in the last 24 hours

  • India recorded 16.135 new COVID cases in the last 24 hours.

 

India Weather Forecast Today

  • Isolated heavy rainfall likely in:
    Gujarat, Konkan, Goa, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Kerela, Chhattisgarh, Madhya Pradesh, Maharashtra, Jharkhand, West Bengal, Odisha, Rajasthan, Himachal Pradesh, Jammu, and Kashmir, and Uttarakhand.

Mr. Shahid Kapoor appointed as the brand ambassador of PokerBaazi

·         India’s biggest poker platform, PokerBaazi.com, has appointed Bollywood superstar Shahid Kapoor as its brand ambassador.

Aim:

·         To create a robust ecosystem for Poker in India.

·         Kapoor’s association with the brand comes in line with its commitment to popularizing and creating awareness amongst the masses about Poker

·         According to research firm Statista, the online gaming industry across India was valued at around ₹79 billion in 2021, marking a leap from about ₹65 billion in 2020.

·         The sector is expected to be worth over ₹150 billion by 2024, indicating a compound annual growth of around 15%.

Fan Code appoints Mr. Ravi Shastri as the first brand ambassador

·         Former team India coach and cricketer Mr. Ravi Shastri have been appointed as the new brand ambassador for Fan Code, a live content, sports statistics, and e-commerce marketplace.

·         The appointment was made for India’s upcoming tour to the West Indies which is scheduled to start at the end of July 2022.

·         Shastri will lead the upcoming campaigns for India’s tour of the West Indies, and ECB’s The Hundred, a 100-ball cricket tournament involving 8 men’s and 8 women’s teams located in major cities across England and Wales.

About Fan Code:

·         Founded: 2019

·         Headquarters: Mumbai, Maharashtra

·         Founders: Yannick Colaco, Prasana Krishnan

CURRENT AFFAIRS: BUSINESS AND ECONOMY

India’s GST collections jumped 56% to Rs 1.45 lakh crore in June:

·         India’s Goods and Services Tax (GST) collections in June this year surged 56% year-on-year to around 1.45 lakh crore rupees.

·         The GST collections in June last year stood at 92,800 crore rupees.

·         Economic recovery and anti-evasion activities, especially action against fake billers, have contributed to the enhanced GST collections.

·         This is the fifth time the monthly GST collection has crossed the 1.40 lakh crore rupees mark since the inception of the GST and the fourth month at a stretch since March 2022.

·         The average monthly gross GST collection for the first quarter of the current fiscal has been 1.51 lakh crore rupees against the average monthly collection of 1.10 lakh crore rupees in the first quarter of the last financial year showing an increase of 37 percent.

Govt imposes a tax of Rs 6 per liter on exports of petrol & Aviation Turbine Fuel:

·         The Union Government has imposed a tax of six rupees per liter on exports of petrol and Aviation Turbine Fuel and 13 rupees per liter on exports of diesel.

·         In separate notifications issued by the Department of Revenue under the Ministry of finance, the government has imposed an additional tax of 23 thousand 250 rupees per ton on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.

CURRENT AFFAIRS: AWARDS AND HONOURS

Ashok Soota was conferred with CII Quality Ratna Award 2021:

·         Happiest Minds Technologies’ founder and executive chairman, Ashok Soota, has received the CII Quality Ratna Award 2021.

·         The 2019 CII Quality Ratna Award was established to honor those who have distinguished themselves through extraordinary leadership, contributions, and dedication to India’s quality movement.

·         Given Mr. Soota’s substantial contribution to enhancing the competitiveness of the Indian industry via quality Initiatives, the CII Awards Committee unanimously decided to present him with the 2021 Award.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

ISRO successfully launches the PSLV C-53 rocket carrying 3 Singaporean satellites from Satish Dhawan Space Centre at Sriharikota

·         Indian Space Research Organization (ISRO) launched the rocket PSLV-C53, carrying three Singapore satellites DS-EO, NeuSAR, and SCOOB-1 in intended orbit from the second launch pad of Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh.

·         The rocket placed the three customer satellites in the precise orbit of 570 km with a 10-degree inclination.

·         This is the 55th mission of PSLV, often described as ISRO’s trusted workhorse, and the 15th one using the PSLV-Core Alone variant.

·         It also marks the 16th PSLV launch from the second launch pad.

About PSLV-C53:

·         The PSLV-C53 is the second dedicated commercial mission of the space agency’s commercial arm New Space India Limited (NSIL).

·         It is a four-stage, 44.4 m tall PSLV-C53 that has a lift-off mass of 228.433 t.

·         The launch vehicle carried the DS-EO satellite and two co-passenger satellites.

·         The mission proposes to demonstrate the utilization of the spent upper stage of the launch vehicle as a stabilized platform for scientific payloads after the separation of the satellites.

·         The PSLV Orbital Experimental Module (POEM) activity performs in-orbit scientific experiments using the spent PS4 stage as an orbital platform.

·         It is the first time that the PS4 stage would orbit the earth as a stabilized platform.

·         POEM carries six payloads including two from Indian Space Start-ups M/s Digantara and M/s Dhruva Space, enabled through IN-SPACe and NSIL.

 

CURRENT AFFAIRS: OBITUARIES

Billionaire Ray-Ban Owner Leonardo Del Vecchio Passes away

·         Leonardo Del Vecchio, Billionaire Ray-Ban Owner Passed away in Milan, Italy at the age of 87.

About Leonardo Del Vecchio:

·         Leonardo Del Vecchio was born in Milan, Italy on May 22, 1935.

·         He founded his own company, Luxottica, in 1961, supplying the optical industry with components.

·         In 2018, Luxottica merged with France’s Essilor to become EssilorLuxottica, with Del Vecchio serving as chairman.

·         According to Forbes’ 2022 World’s Billionaires List, His fortune was worth an estimated $27.3 billion.

·         At the time of his death, his net worth was estimated at US$24.1 billion, the second richest person in Italy, and 54th in the world.

Additional Info:

·         Luxottica is the world’s largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores.

·         The Central Government has approved a proposal of the Journalist Welfare Scheme Committee to provide financial relief to the families of 35 journalists who have lost their lives.

·         The Pradhan Mantri Formalization of Micro Food Processing Enterprises, PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years.

·         In a sense, Prime Minister Shri Narendra Modi officially launched the new smart campus of Bosch India, a leading provider of technology and services in Bengaluru.

·         India hosted the 8th round of meetings with the heads of the border services of the competent authorities of the member states of the Shanghai Cooperation Organization (SCO) in New Delhi.

·         The Chief Minister of Himachal Pradesh Shri Jai Ram Thakur launched Naari Ko Naman’s scheme at the Government College Auditorium in Dharamshala in Kangra district, Himachal Pradesh.

·         Axis Financial institution has partnered with EazyDiner, a table reservation, food discovery, and restaurant payment platform, and have launched Dining Delights, an eating experience program for the bank’s customers.

·         Capital market regulator Securities Exchange Board of India (SEBI) gave an additional option of UPI (Unified Payments Interface) to retail investors to apply in the public issues of Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) for application value up to Rs 5 lakh.

·         Mr. Ferdinand Marcos Jr has been sworn in as the 17th & Current President of the Philippines until 2028 in a ceremony at the National Museum in Manila, Philippines & he succeeded the outgoing President Mr. Rodrigo Duterte.

·         Pinterest Inc. announced that co-founder, Chief Executive Officer, and President, Mr. Ben Silbermann will step down from his place and hand over the reins of the social media platform to Google commerce executive Mr. Bill Ready.

·         India’s biggest poker platform, PokerBaazi.com, has appointed Bollywood superstar Shahid Kapoor as its brand ambassador.

·         Former team India coach and cricketer Mr. Ravi Shastri have been appointed as the new brand ambassador for Fan Code, a live content, sports statistics, and e-commerce marketplace.

·         India’s Goods and Services Tax (GST) collections in June this year surged 56% year-on-year to around 1.45 lakh crore rupees.

·         The Union Government has imposed a tax of six rupees per liter on exports of petrol and Aviation Turbine Fuel and 13 rupees per liter on exports of diesel.

·         Happiest Minds Technologies’ founder and executive chairman, Ashok Soota, has received the CII Quality Ratna Award 2021.

·         The Indian Institute of Entrepreneurship, Guwahati has signed an MoU with the Incubation and Enterprise Support Centre of the Indian Institute of Management Shillong in New Delhi to boost the entrepreneurial ecosystem in the Northeastern Region.

·         The Competition Commission of India (CCI) has approved Google International LLC’s (Acquirer) acquisition of a minority and non-controlling stake of 1.28% of the equity capital of Bharti Airtel Limited (target).

·         Payroll Automation for Disbursement of Monthly Allowances (PADMA), an automated Pay & Allowances module for the Indian Coast Guard (ICG) was inaugurated by Shri Rajnish Kumar, Controller General of Defense Accounts (CGDA), Ministry of Defense

·         Indian Space Research Organization (ISRO) launched the rocket PSLV-C53, carrying three Singapore satellites DS-EO, NeuSAR, and SCOOB-1 in intended orbit from the second launch pad of Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh.

·         Quacquarelli Symonds (QS) has released the list of Best Student Cities ranking for 2023, with London (United Kingdom) emerging as the top city for students looking to study abroad.

·         According to the Knight Frank Report, Active Capital Asia Pacific – Raising Capital in Uncertain Times India’s Green Bonds issuance increased 523 percent Year on Year (YoY), from $1.1 billion in 2020 to $6.8 billion in 2021.

·         Leonardo Del Vecchio, Billionaire Ray-Ban Owner Passed away in Milan, Italy at the age of 87.

















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Post On 2022-08-13