Current Affairs (Daily Dose):
1.Spanish-made Talgo has become the fastest train in the country. In a trial conducted by Indian Railways on the Mathura-Palwal route, Tago clocked a speed of 180 kms per hour and covered 84 kms in 38 minutes.
2.Bombay Stock Exchange(BSE) is introducing ‘Paperless SIP‘ that would allow mutual fund investors to make transactions through various modes of payments. The additional feature on BSE’s mutual fund platform – StAR MF – would allow MF distributors to register SIPs for their clients, who can pay SIP amounts through various modes.
3.State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Society for Innovation and Entrepreneurship (SINE), (IIT) Bombay’s technology business incubator, to promote innovation by startups in the financial sector. Both the parties will identify FinTech startups that have products or applications to cater to the financial sector and can help SBI explore opportunities to enhance the synergy for their banking services.
4.The government has appointed IAS officer Rajesh Kumar Chaturvedi (1987-batch) Chairman of the Central Board of Secondary Education (CBSE) for 5 year term. His appointment was made by the Prime Minister-headed Appointment Committee of the Cabinet. The post was lying vacant since December 2014.
5.The World Youth Skills Day (15th July) has been observed globally with the theme Skills Development to Improve Youth Employment. On the occasion, United Nations organised the event facilitated by the UN Envoy on Youth Ahmad Alhendawi.
6.The Special Investigation Team (SIT) on black money headed by retired Justice M B Shah has recommended the ban on cash transactions of above 3 lakh rupees in a day and a separate law to declare such transactions as illegal and punishable. It has also suggested upper ceiling of cash holding at 15 lakh rupees to curb illegal wealth in the economy. The SIT felt that the cash transaction limit can only succeed if there is a limitation on cash holding. If any person or industry required holding more cash, it may obtain necessary permission from the Commissioner of Income Tax of the area.
7.In an effort to improve customer service, the RBI has asked banks to exchange up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000 over the counter, free of charge. If the number of notes to be exchanged is more than 20, banks can levy service charge.
8.The international airline Emirates based in Dubai has won the top honors at Skytrax World Airline Awards ceremony at the Farnborough International Airshow in England. According to a survey conducted by Skytrax, Emirates is the world’s best airline for the year 2016.
9.Hockey Olympian Joe Antic (90-year) has passed away in Mumbai. He represented the country in the Rome Games where Pakistan won the final.
10.India has been acknowledged as the first country in the world to become YAWS-free. Union Health Minister JP Nadda received an official citation from the World Health Organisation and the UNICEF for Elimination of Maternal and Neonatal Tetanus and for being YAWS-free.
11.Kerala Chief Minister Pinarayi Vijayan has launched SV.CO, purportedly world’s first digital student incubator, as a digital makeover of the Startup Village in Kochi. SV.CO will constitute the second phase of development of Startup Village and is designed to help thousands of college-goers make an early start in entrepreneurship.
12.India’s Grand Master Harika Dronavalli has won the Fide women’s Grand Prix trophy in Chedu in China. She finished on 7 points in the round robin tournament featuring the world’s top 12 players to be crowned the champion.
1.Spanish-made Talgo has become the fastest train in the country. In a trial conducted by Indian Railways on the Mathura-Palwal route, Tago clocked a speed of 180 kms per hour and covered 84 kms in 38 minutes.
2.Bombay Stock Exchange(BSE) is introducing ‘Paperless SIP‘ that would allow mutual fund investors to make transactions through various modes of payments. The additional feature on BSE’s mutual fund platform – StAR MF – would allow MF distributors to register SIPs for their clients, who can pay SIP amounts through various modes.
3.State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Society for Innovation and Entrepreneurship (SINE), (IIT) Bombay’s technology business incubator, to promote innovation by startups in the financial sector. Both the parties will identify FinTech startups that have products or applications to cater to the financial sector and can help SBI explore opportunities to enhance the synergy for their banking services.
4.The government has appointed IAS officer Rajesh Kumar Chaturvedi (1987-batch) Chairman of the Central Board of Secondary Education (CBSE) for 5 year term. His appointment was made by the Prime Minister-headed Appointment Committee of the Cabinet. The post was lying vacant since December 2014.
5.The World Youth Skills Day (15th July) has been observed globally with the theme Skills Development to Improve Youth Employment. On the occasion, United Nations organised the event facilitated by the UN Envoy on Youth Ahmad Alhendawi.
6.The Special Investigation Team (SIT) on black money headed by retired Justice M B Shah has recommended the ban on cash transactions of above 3 lakh rupees in a day and a separate law to declare such transactions as illegal and punishable. It has also suggested upper ceiling of cash holding at 15 lakh rupees to curb illegal wealth in the economy. The SIT felt that the cash transaction limit can only succeed if there is a limitation on cash holding. If any person or industry required holding more cash, it may obtain necessary permission from the Commissioner of Income Tax of the area.
7.In an effort to improve customer service, the RBI has asked banks to exchange up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000 over the counter, free of charge. If the number of notes to be exchanged is more than 20, banks can levy service charge.
8.The international airline Emirates based in Dubai has won the top honors at Skytrax World Airline Awards ceremony at the Farnborough International Airshow in England. According to a survey conducted by Skytrax, Emirates is the world’s best airline for the year 2016.
9.Hockey Olympian Joe Antic (90-year) has passed away in Mumbai. He represented the country in the Rome Games where Pakistan won the final.
10.India has been acknowledged as the first country in the world to become YAWS-free. Union Health Minister JP Nadda received an official citation from the World Health Organisation and the UNICEF for Elimination of Maternal and Neonatal Tetanus and for being YAWS-free.
11.Kerala Chief Minister Pinarayi Vijayan has launched SV.CO, purportedly world’s first digital student incubator, as a digital makeover of the Startup Village in Kochi. SV.CO will constitute the second phase of development of Startup Village and is designed to help thousands of college-goers make an early start in entrepreneurship.
12.India’s Grand Master Harika Dronavalli has won the Fide women’s Grand Prix trophy in Chedu in China. She finished on 7 points in the round robin tournament featuring the world’s top 12 players to be crowned the champion.
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