CURRENT AFFAIRS JULY 25 2022 mock interview pl remit rs.200 to gpay 900...

 

CURRENT AFFAIRS SNIPPETS

25th July 2022

 

National News

 

3 monkeypox patients in Kerala stable now: Health Minister

Kerala Health Minister Veena George on Monday said there is nothing to be worried about the monkeypox infection as testing and surveillance have been intensified across the state. She said the health condition of the three people who have tested positive for the disease in the state was stable. None of their primary contacts has tested positive, she added.

Film composer Ilaiyaraaja takes oath as Rajya Sabha MP

Film composer Ilaiyaraaja took oath as a Rajya Sabha member on Monday. Ilaiyaraaja, along with legendary athlete PT Usha and filmmaker V Vijayendra Prasad, was nominated to the Rajya Sabha earlier this month. He took oath after Droupadi Murmu was sworn in as the 15th President of India at the Central Hall of Parliament House.

Center modifies Flag Code of India 2002 to permit tricolour to be displayed constantly

National flag is flown in the open and is raised by a member of the public, it may now fly through the night. The Flag Code of India 2002 was revised by the Ministry of Home Affairs to permit the flying of the national flag even at night as the federal government begins its Har Ghar Tiranga campaign.   The flag could previously only be flown between sunrise and dusk.  The ministry stated that clause XI of paragraph 2.2 of the Flag Code has been substituted by the following phrase: “where the flag is displayed in the open or displayed on the house of a member of the public, it may be flown day and night.”

International News

 

India and Bangladesh discuss liberalisation of visa procedures

India and Bangladesh on Monday agreed for a more intensive implementation of provisions under the Revised Travel Arrangements of 2018 relating to tourist, student and business visas. During the third India-Bangladesh Consular dialogue held in Dhaka, both countries agreed for further liberalisation of visa procedures and entry and exit norms to enhance ease of travel.

 

Kamal Haasan honoured by the UAE, obtains a Golden Visa

Kamal Haasan, a prominent figure in the Tamil cinema industry, has been given the prestigious Golden Visa by the United Arab Emirates. The Golden Visa has been given to others besides actor Kamal Hasan.  Actors Nasser, Mammootty, Mohanlal, Tovino Thomas, Parthiepan, Amala Paul, and Shah Rukh Khan all have received it before Kamal Hasan.  The UAE Golden Visa is an extended resident visa programme which lasts between five and ten years.  The visa is perpetually extended. It is given to high performers in a variety of industries, as well as to professionals, investors, and those with potential skills.

China launches "Wentian," second of its three space station modules 

China launched the second of the three modules needed to complete its new space station.  This was the most recent development in Beijing's ambitious space programme. A Long March 5B rocket launched the unmanned spaceship with the call sign Wentian from the Wenchang launch facility on China's tropical island of Hainan.  A representative from the China Manned Space Agency (CMSA) confirmed the launch's "success."

Appointments News

Ravinder Takkar to be replaced by Akshaya Moondra as CEO of Vodafone Idea 

Vodafone Idea, a telecom Company, said that Akshay Moondra, who currently serves as chief financial officer, has been promoted to CEO with effect from August 19.  According to the filing, Ravinder Takkar, the business's current managing director and chief executive officer, will remain on the board of the company when his tenure is up as a non-executive and non-independent director.

 

 

BANKING, BUSINESS AND ECONOMY News

Sensex drops 306 points, Nifty drops 88 points to end 6-day gaining streak

Sensex on Monday dropped 306.01 points to close at 55,766.22 while Nifty dropped 88.45 points to close at 16,631. Both indices broke their six-day gaining streak on Monday. Mahindra and Mahindra was the worst performing Sensex stock, down 3.83%, followed by Reliance Industries and Maruti Suzuki India. Tata Steel rose 3.1% as the top gainer, accompanied by IndusInd Bank.

RBI correct to use forex reserves to tackle Rupee volatility: EAC member

Sanjeev Sanyal, a member of Economic Advisory Council (EAC) to the Prime Minister, said RBI is "correct to use" foreign exchange reserves to tackle Rupee's volatility. "There's no point targeting an INR/USD level when USD is appreciating against all other [major currencies]," Sanyal said. "We need to maintain overall macro-stability and allow the cycle to play itself out," he added.

HDFC Bank to be among world's 10 most valuable banks post-merger: Report

HDFC Bank will be among world's top 10 most valuable banks after its merger with Housing Development Finance Corporation (HDFC), a Times of India report said. HDFC Bank has a market capitalisation of about $108 billion and recently moved past Citigroup, which was ranked 17th. It'll also be the first Indian bank to make it to the top 10 club.

Centre collected ₹7 lakh cr as net taxes in Apr-Jun quarter, up 24% YoY

The Centre's net tax collections in the April-June 2022 quarter were nearly ₹7 lakh crore, up 24% YoY, as per data given by the government in the Lok Sabha. While ₹3.44 lakh crore was collected as indirect tax, ₹3.55 lakh crore was collected as direct tax. The Centre had set ₹19.35 lakh crore as FY23's net tax collection target.

 

Axis Bank's net profit nearly doubles to ₹4,125 crore in Q1 FY23

Axis Bank on Monday said its net profit rose 91% YoY from ₹2,160 crore in Q1 FY22 to ₹4,125 crore in Q1 FY23. The bank's net interest income in the April-June quarter grew 21% YoY to ₹9,384 crore while its non-performing assets declined to 2.76% from 3.85% in Q1 FY22. Its core operating profit grew 17% YoY to ₹6,554 crore.

 

Forex reserves decreased by USD 7.5 billion to USD 572.7 billion 

The Reserve Bank of India (RBI) most recent data shows that during the ending week of  July 15, India's foreign exchange reserves decreased by $7.5 billion to $572.7 billion. The reserves have dropped to their lowest level in 20 months, or since November 6, 2020, when they were $568 billion.  The report showed that foreign currency assets, which decreased by $6.5 billion over the week, were the main cause of the reduction in foreign exchange reserves.  Shaktikanta Das, governor of the RBI, stated that the existing level of foreign exchange reserves is sufficient.  According to the July RBI report, the foreign exchange reserves at $580.3 billion on July 8, 2022, were sufficient to cover 9.5 months' worth of anticipated imports for the years 2022–2033.

Summits and Conferences News

International Conference on Chemistry and Applications of Soft Materials 

The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), Thiruvananthapuram, will host an International Conference on Chemistry and Applications of Soft Materials (CASM 2022) as part of the Azadi Ka Amrit Mahotsav celebrations to mark 75th year of Independence.  Discussions on a variety of subjects, including self-assembly and supramolecular materials, soft material chemistry, physics, rheology, and photophysics, responsive and smart materials, gels, liquid crystals, polymers, macromolecules and framework materials, and functional nanomaterials, as well as soft material applications in electronics and energy, will take place at the conference.

Sports News
US win most gold medals at World Athletics Championships 2022, full list released

The US finished on top of the medal standings at the World Athletics Championships 2022, winning 13 gold, nine silver and 11 bronze medals. US are followed by Ethiopia, who bagged four gold, four silver and two bronze medals. Jamaica came third, followed by Kenya, China, Australia, Peru and Poland. India finished joint 33rd with one silver medal.

First Khelo India Fencing Women's League to begin on July 25, 2022 

The first Khelo India Fencing Women's League, which will begin on 25 July, 2022, will be hosted by Talkatora Indoor Stadium in New Delhi.  The first-of-its-kind national fencing competition for women will take place through the 29th of this month, according to the Ministry of Youth Affairs and Sports. It will take place in three stages.  The Sports Authority of India has sanctioned a total of Rs. 1 crore 54 lakh for the league's operations. Over 17 lakh rupees have been set aside as prize money for each phase.  Twenty-one States and more than 300 women have enrolled to take part in the tournament.  Bhavani Devi, an athlete from the Tokyo Olympics and the Target Olympic Podium Scheme, will compete in the league's Senior category Sabre event. She is playing on behalf of the Tamil Nadu State.

Max Verstappen wins the title of 2022 French Grand Prix

Charles Leclerc of Ferrari crashed out of the race on lap 18 but was unharmed, and Max Verstappen of Red Bull took first place at Paul Ricard. Lewis Hamilton and George Russell of Mercedes finished third and fourth, respectively.  At Le Castellet, where the track temperature was high, tyre management was essential. After Verstappen pitted on Lap 17, it was up to Leclerc to step up.  His race was finished in a harsh snap of oversteer at Turn 11, which also caused him to shout in rage and brought out the Safety Car. Hamilton and Red Bull's Sergio Perez pitted and started chasing Verstappen after the restart. Verstappen continued to run and took over the lead.

Neeraj Chopra wins a silver medal in the javelin at the world championships

Neeraj Chopra makes history by winning silver in the World Athletics Championships for the first time ever. Neeraj Chopra grinned after his 88.13m throw in the fourth round.  His greatest throw in the men's javelin throw final in Eugene, US, allowed him to move into the provisional podium spot in second place, which helped to lessen the tension.

Important Days
World Drowning Prevention Day: 25th July

World Drowning Prevention Day is observed every year on July 25 and was established by the UN General Assembly Resolution "Global drowning prevention" from April 2021.  This international advocacy event provides a platform to draw attention to the devastating and deep effects drowning has on families and communities while also outlining life-saving strategies to stop it.  On World Drowning Prevention Day this year, WHO is encouraging everyone to "do one thing" to prevent drowning. WHO suggests using the hashtag DrowningPrevention for this occasion on social media. 

 

@@@@@@