Current Affairs

7 July, 2020

International

India-Afghanistan inked 5 MoUs for development of educational infrastructure in Afghanistan

In order to strengthen the bilateral development partnership, the Government of India has inked 5 Memoranda of understanding (MoUs) with Afghanistan under the former’s high impact community development projects (HICDP) programme.

India Ranked 117th in SDG Index 2020, Sweden Tops: Sustainable Development Report 2020

In accordance with the “Sustainable Development Report 2020- The Sustainable Development Goals and Covid-19”, comprising of SDG index 2020, there will be severe negative impacts on most of the United Nations (UN)-mandated Sustainable Development Goals (SDGs) due to COVID-19 pandemic. India, which has ranked at 117th position with a score of 61.92 is also facing major challenges in 10 of the 17 SDGs including zero hunger, good health, gender inequality among others.

National

CBSE Partners With Facebook For Curriculum on Digital Safety, Augmented Reality

The Union Minister for Human Resource Development (HRD) Ramesh Pokhriyal ‘Nishank’ made an announcement on the partnership of Central Board of Secondary Education (CBSE) and Facebook to launch a curriculum on Digital Safety and Online well-being and Augmented Reality (AR) for students and educators.

Indian Railways Sets up Solar Plant in Bina, MP & Becomes the 1st Organization in the World to Directly Supply Power to Railway Overhead Line

For the 1st time in the world, Indian Railways will directly supply power to Overhead Traction System of train.To achieve this feat, Indian Railways has recently set up 1.7 MWp (mega watt power) at Bina (Madhya Pradesh) which shall be connected directly to Overhead Traction System.

Economy

YES Bank Launches a Digital Solution, ‘Loan in Seconds’ for Instant Disbursement of Retail Loans

YES Bank launched a digital solution, ‘Loan in Seconds’ for instant disbursement of retail loans. It is available for the bank’s pre-approved liability account holders. The algorithm evaluates the loan application in real-time and eliminates the need for documentation.

SBM Bank India Partnered with Mastercard to facilitate Real-time domestic & cross-border payments & remittances through ‘Mastercard Send’

SBM Bank India has partnered with Mastercard to enable its customers to make real-time domestic & cross-border payments(Business to Consumer- B2C) and remittances quickly and efficiently through ‘Mastercard Send’. This partnership allows the bank’s customer base to offer quick, convenient and secure payments experiences.

Sports

Akash Become India’s 66th Grandmaster

The 23 year-old G. Akash from Chennai, Tamil Nadu become the country’s 66th Grandmaster with rating of 2495. The title was confirmed at the recent meeting of International Chess Federation (FIDE) Council
i.He has won the national title in 2012.
ii.He is coached by K. Visweswaran, a former National Champion.
iii. He won the national title in 2012.

Miscellaneous

India’s First NPNT Compliant Drone Flight Successfully Completed by Quidich & Asteria Aerospace

India’s First No-Permission No-Takeoff (NPNT) compliant drone flight on the A200 Remotely Piloted Aircraft System (RPAS) has been completed successfully by Quidich Innovation Labs and Asteria Aerospace in the green zone identified by the Directorate General of Civil Aviation (DGCA), near Tumkur in Karnataka.

Israel Successfully Launches New Spy Satellite ‘Ofek 16’ into Space Using Shavit Rocket

The Israel Ministry of Defense (IMoD), and Israel Aerospace Industries (IAI), have successfully launched a new spy satellite “Ofek 16” into orbit by using a locally-developed Shavit rocket from a launchpad at Palmachim airbase in central Israel at 4:00 AM.

Following the launch, ‘OFEC 16’ started sending data and orbiting around the Earth.
About Israel:
Capital– Jerusalem
Currency– Israeli Shekel
President– Reuven Rivlin
Prime Minister- Benjamin Netanyahu

HOME EXAMS CURRENT AFFAIRS MONTHLY CA CA QUIZ CURRENT AFFAIRS PDF HINDI JOBS GK MORE Current Affairs PDF Sales Current Affairs 7 July 2020 By AC Team -July 7, 2020 Current Affairs July 7 2020 newWe are here for you to provide the important Recent and Latest Current Affairs 7 July 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites. Our Current Affairs July 2020 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2020 PDF which will be a pedestrian to crack your exams. Date-Wise Current Affairs July 2020 PDF for Paid Users – Click Here to Know More Top 20 Current Affairs of 7 July 2020 NATIONAL AFFAIRS Indian Railways Sets up Solar Plant in Bina, MP & Becomes the 1st Organization in the World to Directly Supply Power to Railway Overhead LineIndian Railways has set up a solar power plant in Bina For the 1st time in the world, Indian Railways will directly supply power to Overhead Traction System of train.To achieve this feat, Indian Railways has recently set up 1.7 MWp (mega watt power) at Bina (Madhya Pradesh) which shall be connected directly to Overhead Traction System. i.Indian Railways has partnered with Bharat Heavy Electricals Limited (BHEL) under its Corporate Social Responsibility (CSR) scheme for the first of its kind project in the world. ii.Target – Indian Railways will transform itself as ‘Net Zero’ Carbon Emission Mass Transportation Network by 2030. About Ministry of Railways: Union Minister: Shri Piyush Goyal Minister of State: Shri Suresh Angadi Channabasappa About BHEL: Chairman & MD: Nalin Shinghal Headquarters: New Delhi << Read Full News >> CBSE Partners With Facebook For Curriculum on Digital Safety, Augmented RealityCBSE partners with Facebook On 05 July, The Union Minister for Human Resource Development (HRD) Ramesh Pokhriyal ‘Nishank’ made an announcement on the partnership of Central Board of Secondary Education (CBSE) and Facebook to launch a curriculum on Digital Safety and Online well-being and Augmented Reality (AR) for students and educators. Objective:- To ensure online well-being of students and prepare them for the future of work. Portal: http://cbseacademic.nic.in/fb/FacebookForEducation.html Key Points: i. As more young users get online, It is important to educate students on their choices online which helps in skill development. ii. At least 10000 students will be covered in the training imparted by Centre for Social Research (CSR). iii. The Registration starts from 6th July 2020 and ends on 20th July 2020. About CBSE: Headquarters: New Delhi Chairman: Manoj Ahuja I.A.S About Facebook: Headquarters: Menlo Park, California, United States CEO: Mark Zuckerberg << Read Full News >> DRDO to establish a research cell at IIT-H to meet the future defence technological requirements DRDO to set up research cell at IIT Hyderabad i.Defence Research and Development Organisation(DRDO) will establish a research cell at Indian Institute of Technology Hyderabad(IIT-H), ‘DRDO – IIT-H Research Cell’ to meet the future defence technological requirements of the country. ii.The research cell is established as an extension of the DRDO Research and Innovation Centre (RIC), Chennai. iii.An MoU was signed during a virtual event organized at the DRDO DG-Missiles and Strategic Systems (MSS) Office in Hyderabad on July 3 to establish the research cell. About DRDO: Headquarters– New Delhi, India Chairman– G. Satheesh Reddy About IIT-H: Director– B.S.Murty << Read Full News >> INTERNATIONAL AFFAIRS India Ranked 117th in SDG Index 2020, Sweden Tops: Sustainable Development Report 2020India ranks 117 in Sustainable Development Index i.In accordance with the “Sustainable Development Report 2020- The Sustainable Development Goals and Covid-19”, comprising of SDG index 2020, there will be severe negative impacts on most of the United Nations (UN)-mandated Sustainable Development Goals (SDGs) due to COVID-19 pandemic. India, which has ranked at 117th position with a score of 61.92 is also facing major challenges in 10 of the 17 SDGs including zero hunger, good health, gender inequality among others. ii.The index has been topped by Sweden with a score of 84.72. iii.The 2020 report has reviewed the performance of 193 UN Member States out of which 166 were ranked under SDG index 2020. << Read Full News >> India-Afghanistan inked 5 MoUs for development of educational infrastructure in AfghanistanNew Delhi, Kabul inks 5 MoUs i.In order to strengthen the bilateral development partnership, the Government of India has inked 5 Memoranda of understanding (MoUs) with Afghanistan under the former’s high impact community development projects (HICDP) programme. ii.The objective behind these MoUs is the development of educational infrastructure in four Afghan provinces namely Nooristan, Farah, Badakhshan and Kapisa. iii.The projects to be taken up under the five MoUs include the construction of classrooms, a higher education building and a road within the campus of Albironi University. About Afghanistan: Currency– Afghan afghani President– Ashraf Ghani Ahmadzai << Read Full News >> India Ranked 31st in INFORM Risk Index 2020 for Humanitarian crises & Disasters; Somalia TopsEuropean Union report India ranks 31st i.In accordance with the “INFORM Report 2020:Shared evidence for managing crises and disasters” released by research centre INFORM, operating under European Commission (EU), India has ranked at 31st place with an inform risk of 5.4, means risk of humanitarian crises and disasters . ii.The report ranked the countries based on “INFORM Risk Index” which has been topped by Somalia with an inform risk of 8.9. The report has analyzed 191 countries. iii.Notably, this report is produced by the United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) on behalf of all INFORM Partners. About United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA): Under-Secretary-General and Emergency Relief Coordinator (USG/ERC)– Mark Lowcock Headquarter– New York, United States (US) & Geneva, Switzerland << Read Full News >> BANKING & FINANCE SBM Bank India Partnered with Mastercard to facilitate Real-time domestic & cross-border payments & remittances through ‘Mastercard Send’SBM Bank India, Mastercard to speed up cross border transactions SBM Bank India has partnered with Mastercard to enable its customers to make real-time domestic & cross-border payments(Business to Consumer- B2C) and remittances quickly and efficiently through ‘Mastercard Send’. This partnership allows the bank’s customer base to offer quick, convenient and secure payments experiences. Significance of MasterCard Send– Mastercard Send is a secured and innovative solution. It has played a key role in diversifying MasterCard payment flows and the payment experience for customers. Key info about SBM Bank India i.It is the first bank to receive a banking license from the Reserve Bank of India (RBI) and to establish a universal banking business in India through the Wholly Owned Subsidiary (WOS) mode. It is promoted by Government of Mauritius. ii.It has been leading the collaboration narrative to access the best in class solutions with its switching partner, YAP as banking evolves to become more personal and platform-agnostic. Headquarters– Mumbai , Maharashtra Managing Director(MD) and Chief Executive Officer(CEO)– Sidharth Rath About Mastercard: Headquarters– New York, United States CEO – Ajay Banga ( Michael Miebach will take over as CEO on January 2021) YES Bank Launches a Digital Solution, ‘Loan in Seconds’ for Instant Disbursement of Retail LoansYES Bank launches instant loan disbursement facility On July 6, 2020 YES Bank launched a digital solution, ‘Loan in Seconds’ for instant disbursement of retail loans. It is available for the bank’s pre-approved liability account holders. The algorithm evaluates the loan application in real-time and eliminates the need for documentation. Key Info i.The solution aims to provide customers, hassle-free loans to help them meet their immediate financial needs. ii.All the eligible customers under the solution will receive communication from the bank with the link to apply for the loan. iii.Those customers have to verify and accept the final offer. About YES Bank: Headquarters– Mumbai, Maharashtra MD and CEO- Prashant Kumar Tagline– Experience our Expertise APPOINTMENTS & RESIGNATIONS NHRC Constitutes 11-Member Committee Headed by K S Reddy to Assess Covid-19 Impact on Human RightsNHRC forms expert panel to study COVID impact on human rights On July 06, 2020, The National Human Rights Commission (NHRC) has set up an 11-member expert committee headed by Dr K S Reddy, president of Public Health Foundation of India to study impact of coronavirus (Covid-19) on human rights of individuals, particularly marginalised and vulnerable sections of the society, together with migrant labourers & will also study the future response of the government. About National Human Rights Commission (NHRC): Headquarters– New Delhi Chairman– Justice H. L. Dattu << Read Full News >> ACQUISITIONS & MERGERS Payments Platform Paytm to Acquire Raheja QBE General Insurance For $76 million

Indian e-commerce payment system Paytm & QorQl Pvt. Ltd, a Healthcare startup company with majority shareholding of Paytm founder Vijay Shekhar Sharma, is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Company Limited in a deal worth around $76 million (or Rs 570 crore).
About Paytm:
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar

NHRC Constitutes 11-Member Committee Headed by K S Reddy to Assess Covid-19 Impact on Human Rights

The National Human Rights Commission (NHRC) has set up an 11-member expert committee headed by Dr K S Reddy, president of Public Health Foundation of India to study impact of coronavirus (Covid-19) on human rights of individuals, particularly marginalised and vulnerable sections of the society, together with migrant labourers & will also study the future response of the government.

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