26th July 2023 Daily Current Affairs
Sports
1. Kamaljeet bagged two golds in Junior Shooting World Championships 2023
- Indian player Kamaljeet won two gold medals in the 50-meter free pistol event in the Junior World Championship 2023 in Changwon, Korea.
- In this championship, India was second on the medals table with six gold, six silver, and five bronze medals.
- China stayed on top with 12 gold, nine silver, and seven bronze medals.
- In the women’s free pistol, Tiyana Phogat won the silver, one point behind Khanna Aliyeva of Azerbaijan.
State Affairs
2. Odisha cabinet approves Mission Shakti Scooter Yojana
- Odisha Cabinet, led by Chief Minister Naveen Patnaik has approved Mission Shakti Scooter Yojana.
- Under this scheme, an interest subvention on bank loans up to Rs 1 lakh will be provided to beneficiaries to purchase a scooter.
- The State government has made a budgetary provision of Rs 528.55 crore for the execution of the scheme over a period of the next five years.
- The Cabinet has also approved a budget of Rs 1001.14 crore for expanding Comprehensive Cancer Services.
International Affairs
3. Twitter changes logo to ‘X’, replacing blue bird symbol
- The owner Elon Musk, and Chief Executive Officer Linda Yaccarino of Twitter, revealed its new logo, replacing the blue bird on its website with an X as part of a broader rebranding effort.
- The new logo now shows a white X on a black background.
- It is the latest change since Elon Musk bought the social media platform for 44 billion dollars last year.
- Twitter is a free social networking site where users broadcast short posts known as tweets.
International Affairs
4. CAIT and Meta expand ‘WhatsApp Se Wyapaar’ partnership
- The Confederation of All India Traders (CAIT) and Meta are expanding their ‘WhatsApp Se Wyapaar program to digitally train and upskill 10 million local traders on the WhatsApp Business App.
- Goal: To localize digitization efforts to unleash growth opportunities for businesses with hyper-local digital training in 11 Indian languages across all 29 Indian states.
- CAIT will conduct workshops to digitize their storefronts and establish their ‘digital dukaan’
5. Central Gov appointed Justice Dhiraj Thakur as Chief Justice of High Court
- The Central government has appointed justice Dhiraj Singh Thakur as Chief Justice of the Andhra Pradesh High Court.
- In 1989, he became a registered advocate with the Bar Council of Delhi, and later with the Bar Council of Jammu & Kashmir (JK)
- He become a Senior Advocate in 2011, and in 2013, he was appointed as a permanent judge of the High Court of JK
- The Andhra Pradesh High Court which has a sanctioned strength of 37 judges is currently functioning with 30 judges
Banking & Finance
6. PhonePe launches income tax payment feature
- PhonePe has launched an ‘Income Tax Payment’ feature on its app.
- Aim: To allow taxpayers to pay self-assessment and advance tax directly from the app using UPI or credit card payments
- To enable this feature, the company has partnered with PayMate, a B2B payments and service provider.
- Users can get a 45-day interest-free period and earn reward points on their tax payments, depending on their bank
- The challan for the tax payment will be available within two working days
Banking & Finance
7. Inclusion of NongHyup Bank in Second Schedule: RBI Notification
- The Reserve Bank of India (RBI) has informed all banks about the addition of “NongHyup Bank” to the Second Schedule of the RBI Act, 1934.
- According to the RBI, NongHyup Bank has been officially included in the regulated list through a prior notification issued on June 20, 2023, and published in the Gazette of India.
- It is an agricultural bank headquartered in South Korea.
- The bank was established in 2012 owned by the NACF.
- Nonghyup Bank entered India in 2016.
International Affairs
Schemes
8. Capacity building Scheme for North Eastern Region
- The Ministry of Skill Development & Entrepreneurship (MSD&E) implemented the Capacity Building Scheme for the North Eastern Region, which is carried out by the Institute of Entrepreneurship (IIE) located in Guwahati, Assam
- IIE has organized numerous capacity development initiatives in Assam as part of the Pradhan Mantri Vandhan Yojana (PMVDY) scheme.
- In the Sonitpur district, a total of 6 Van Dhan Vikas Kendras Clusters have been approved under the PMVDY scheme
Banking & Finance
9. Canara Bank was top lender to public sector cos in FY23
- Finance Minister Nirmala Sitharaman informed Parliament that during the fiscal year 2022-23, Public Sector Banks (PSBs) extended loans amounting to ₹4.12 trillion to state-backed corporations and public sector undertakings.
- Canara Bank took the lead in lending ₹187,813 crore to government-backed entities.
- The top five PSBs – Canara Bank, State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank and Union Bank of India.
Banking & Finance
10. RBI caps deposit withdrawal from ailing National Co-operative Bank
- The Reserve Bank of India (RBI) imposed business restrictions on The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account in July 2023.
- According to the RBI, the bank is not allowed to issue fresh loans or accept fresh deposits without prior approval from the central bank.
- Depositors will be entitled to receive deposit insurance claim amount up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation.
Banking & Finance
11. Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
- According to the RBI’s data during the financial year 2022-23, banks wrote off bad loans amounting to over Rs 2.09 lakh crore, contributing to a total loan write-off of Rs 10.57 lakh crore by the banking sector over the past five years.
- This loan write-off to bring down gross non-performing assets or defaulted loans to a 10-year low of 3.9 percent of advances by March 2023
- According to RBI, banks have written off a total of Rs 15,31,453 crore since FY2012-13.
Sports
12. Indian javelin throwers bagged gold medals at Lebanon Athletics 2023
- Indian javelin throwers Annu Rani and Kishore Jena bagged gold medals in the women’s and men’s javelin throw events, respectively, at the Lebanon Athletics Championships 2023 in Beirut
- In the women’s event, Annu Rani recorded a best throw of 55.32m to top the six-woman field.
- In the men’s event, Kishore Jena achieved a distance of 78.96m to clinch the gold medal.
- Tokyo Olympics champion 2022 Neeraj Chopra holds India’s national record in men’s javelin throw.
National & International Appointments
13. T V Narendran re-appointed as Tata Steel CEO and Managing Director
- Tata Steel confirmed re-appointed of TV Narendran as Chief Executive Officer and Managing Director of the Company for 5 years.
- He has over 35 years of experience in the mining and metals industry. He was appointed as Managing Director of Tata Steel for India and South East Asia in 2013.
- There is no order passed by the Securities and Exchange Board of India or any other such authority that debars him from holding the office of Director.
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