Current affairs 19th July 2022

Current affairs 19th 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. Normally, 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.

National News

DBS named World Best SME Bank by Euromoney for the second time

DBS has been recognized as the World’s Best SME Bank yet again, entrenching the bank’s position as a global industry leader in partnering with SMEs to grow and expand their businesses across borders and digitally. DBS latest global best SME bank accolade comes from leading UK-based financial publication Euromoney, which has honored DBS with the World’s Best SME Bank title for the second time since 2018.

The defense ministry sets up a committee to conduct performance and efficiency audit

The defense ministry has set up an apex committee to conduct a performance and efficiency audit of capital procurements, logistics, inventory, and maintenance of assets of the armed forces. The committee, headed by the defense secretary, will advise Defense Minister Rajnath Singh on measures for overall improvement in the strengthening of internal oversight and risk management framework in various aspects of the functioning of the ministry.

NAARM gets ICAR Sardar Patel Award

The National Academy of Agricultural Research Management (NAARM), established by the Indian Council of Agricultural Research (ICAR), has bagged the Sardar Patel Outstanding ICAR Institute Award 2021 (in the Large Institute Category) for its overall performance.

SEBI Approves Appointment Of BSE’s Ashish Kumar Chauhan As New NSE Head

Ashish Kumar Chauhan is set to become the new managing director and CEO of the National Stock Exchange as capital markets regulator SEBI has given its clearance for his appointment.

International News

Nelson Mandela International Day 2022

Nelson Mandela day is observed on July 18 every year. The United Nations (UN) had in 2009 declared July 18 as Nelson Mandela Day to honor Nelson Mandela, a South African anti-apartheid activist who served as the first President from 1994 to 1999. Mandela was the first black head of state and was the first elected President in a fully democratic election in South Africa.

A report by World Health Organization (WHO) and United Nations Children’s Fund (UNICEF) highlighted the impact of the covid-19 pandemic on immunization programs globally and in India as well.

DPT vaccine is considered a marker for immunization coverage across countries.

In France, Greece, Portugal, and Spain, wildfire destroys thousands of hectares of land, forces thousands from their homes, and kills several emergency personnel.

A wildfire is a major fire that breaks out unpredictably in combustible environments such as dry forests or bush and often burns uncontrollably over a large area and length of time.

A forest fire can be triggered by natural factors such as prolonged hot, dry weather or lightning strikes, or human carelessness.

Heatwaves have become more frequent, more intense, and last longer because of human-induced climate change.

The world has already warmed by about 1.1C since the industrial era began and temperatures will keep rising unless governments around the world make steep cuts to carbon emissions.

Sports News

Shelly-Ann Fraser-Pryce Wins 5th World 100m Title In Jamaican Clean Sweep

Shelly-Ann Fraser-Pryce won her record fifth world 100m title in Eugene, Oregon, leading an unprecedented Jamaican clean sweep of the podium. 

Murali Sreeshankar becomes first Indian to enter men’s long jump final at World Athletics Championships

In the World Athletics Championships, Murali Sreeshankar has become the first Indian to enter the men’s long jump final in Oregon, USA. He leaped 8 meters in the qualification round.

The 23-year-old from Kerala finished second in qualification round Group B and seventh overall.

The World Athletics Championships is a congregation of over 2000 athletes from 200 countries around the world.

The 10-day biennial event will come to conclusion on the 24th of this month.

The championships are being held in the United States of America for the very first time at the Hayward Field Stadium at the University of Oregon.


The Reserve Bank of India (RBI) has undertaken measures to enhance forex inflows, amid the Depreciation of the Indian rupee.

The rupee has depreciated by 4.1 % against the US dollar during the current financial year (2022-23) so far amid the ongoing geopolitical tensions.

Indian Rupee has depreciated 4.1 % to 79.30 against the US dollar in the current financial year (FY 2022-23).

Foreign Portfolio Investors (FPIs) have pulled out Rs 2.32 lakh crore in six months.

India’s forex reserves, over the last 9 months, have decreased by USD 50 billion to USD 593.3 billion.

The recent ‘Uber Files’ reveal that the company had deployed kill switches, purportedly to destroy sensitive data that could have been legitimately accessed by police and officials.

A kill switch is a mechanism used to shut down or disable a device or program.

In the manufacturing sector, they are deployed to terminate operations to arrest damage in assembly lines or save a worker’s life.

They serve a similar purpose in the digital world but instead of hardware, they are mostly software-based.

The purpose of a kill switch is usually to prevent theft of a machine or data or shut down machinery in an emergency.

Customers will have to pay a 5% Goods and Services Tax (GST) on pre-packed, labeled food items such as atta, paneer, and curd, besides hospital rooms with rents above ₹5,000, starting from 18 July 2022.

Hotel rooms with tariffs of up to ₹1,000 a day, maps, and charts, including atlases, will attract a 12% GST, while cartons and fees charged by banks for the issue of cheques (loose or in book form) will attract 18%.

Tax rates on products such as printing, writing, or drawing ink; knives with cutting blades, pencil sharpeners; LED lamps; and drawing instruments will be hiked to 18% on July 18, 2022, from 12% currently, to correct the inverted duty anomaly.

Solar water heaters will now attract a 12% GST from the 5% earlier.

The tax on services such as work contracts for roads, bridges, railways, metro facilities, effluent treatment plants, and crematoriums will go up to 18% from the current 12%.

Renting of trucks and goods carriages where the cost of fuel is included will now attract a lower 12% rate as against 18%.

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Post On 2022-11-28