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Banking Current Affairs : 11th July 2024

Today’s Current Affairs: 11th July 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

India Employment Provisionally Grew at 6% in FY24 from 3.2% in FY23: RBI Data

  • The Reserve Bank of India (RBI) released Measuring Productivity at the Industry Level- The India KLEMS (Capital (K), Labour (L), Energy (E), Material (M) and Services (S)) Database.
  • As per RBI’s data, India’s employment rate provisionally grew at 6% in the fiscal year ended on 31st March, 2024 from a growth rate of 3.2% in FY23 (2022-23).

Union Cabinet approves India’s signing of Biodiversity Beyond National Jurisdiction Agreement:

  • The Union Cabinet of India, chaired by Prime Minister Narendra Modi, has approved the signing of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement or ‘High Seas Treaty’, an international treaty under the United Nations Convention on the Law of the Sea (UNCLOS).
  • Ministry of Earth Sciences (MoES) will lead India’s implementation of the agreement, thus, enhancing India’s role in marine conservation, and its strategic presence in areas beyond its Exclusive Economic Zone (EEZ).

DPIIT Signed MoU with NCAER To Develop Framework and Assessment for Logistics Cost in India:

  • The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry(MoCI), has signed a Memorandum of Understanding (MoU) with National Council of Applied Economic Research (NCAER) for the development of framework and assessment of logistics cost in India.
  • The MoU was signed by Dr. Anil Sharma, Secretary and Operations Director, NCAER and Dr. Surendra K. Ahirwar, Joint Secretary, DPIIT in the presence of Rajesh Kumar Singh, Secretary, DPIIT, in New Delhi, Delhi.

FSSAI Mandates Labelling Nutritional info of Salt, Sugar & Fat on Packaged Food in Bold & Bigger Font:

  • The Food Safety and Standards Authority of India (FSSAI) has approved the proposal to display nutritional information regarding Total Sugar, Salt and Saturated Fat in bold letters and increased font size on packaged food.
  • This amendment to the Food Safety and Standards (FSS) (Labelling and Display) Regulations, 2020, was approved in the 44th meeting of the Food Authority, chaired by FSSAI Chairperson, Apurva Chandra.
  • The amendment aims to help consumers better understand the nutritional value of products and make healthier decisions.

EXIM Bank inked USD 2.5mn LoC Agreement with Guyana:

  • The Export-Import Bank of India (EXIM Bank) signed an agreement with the Government of Guyana to provide India-supported Line of Credit (LoC) of USD 2.50 million for installing a solar photovoltaic(PV) power plant at Cheddi Jagan International Airport (CJIA) in Timehri, Guyana.

Star Health Insurance Partners with HPSCB to Enhance Health Insurance Penetration in HP:

  • Star Health and Allied Insurance Company Limited (Star Health Insurance) signed a strategic corporate agency agreement with Himachal Pradesh State Cooperative Bank (HPSCB) to improve access to health insurance penetration, particularly in rural areas of Himachal Pradesh (HP) where the bank has a significant presence.

Tata Asset Management Private Limited (TAMPL) Launched India’s 1st Tourism Index Mutual Fund:

  • Tata Asset Management Private Limited (TAMPL) launched India’s 1st tourism index fund, Tata Nifty India Tourism Index Fund.
  • The New Fund Offer (NFO) for the scheme will be open for subscription on 8th July, 2024 till 19th July, 2024.
  • The scheme will reopen for continuous sale and repurchase on or before 29th July, 2024. This is the first domestic fund focused on the tourism theme.
  • The fund will be managed by Kapil Menon, a Fund Manager-Equities at Tata Asset Management Private Limited.

HCLTech Chairperson Roshni Nadar Malhotra Awarded Chevalier de la Légion d’Honneur by France:

  • Roshni Nadar Malhotra, Chairperson of HCL Technologies Limited (HCLTech), Indian multinational information technology (IT) consulting company, has been honoured with France’s highest civilian Award – the “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour).

RBI Approves Reappointment of Govind Singh as MD & CEO of Utkarsh Small Finance Bank:

  • The Reserve Bank of India (RBI) approved the reappointment of Govind Singh as Managing Director(MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank Limited (USFBL) for a period of three years with effect from September 21 2024.

Russia Approves Schedule for Creation Of Russian Orbital Station By 2033:

  • Yury Borisov, Director General of Roscosmos, Russia’s State Corporation for Space Activities, approved a general schedule for creating the Russian Orbital Station (ROS) by 2033.
  • The document was also signed by 19 general directors of Roscosmos Enterprises involved in making the ROS.

Gagan Narang appointed as Chef-de-Mission of Indian Contingent for Paris 2024 Olympics:

  • Shooter Gagan Narang, four-time Olympian and London 2012 Olympic Games men’s 10m Air Rifle bronze medalist, has been appointed as the Chef-de-Mission for the Indian at the Paris 2024 Olympics, officially, ‘Games of the XXXIII Olympiad’ in Paris, France.

Rajasthan to Become 1st State to Adopt a Road Safety Action Plan for 10 Years:

  • Rajasthan is all set to become the 1st state in India to adopt an action plan for road safety for the next 10 years.
  • The proposed action plan aimed at reducing road accidents in the state by 50% till 2030.
  • The World Bank (WB) would provide assistance to the Government of Rajasthan in the preparation of an action plan and safety plan by incorporating the best practices adopted in different countries.

UP Tourism Department Signed MoU with MakeMyTrip To Promote State Tourism:

  • The Uttar Pradesh(UP) Tourism Department has signed an Memorandum of Understanding (MoU) with MakeMyTrip, an online travel bureau to facilitate tourists and enhance tourism in UP.
  • This partnership aims to leverage data and expertise to create a more informed and enjoyable travel experience for tourists visiting UP.

CSIR and MSSRF Sign MoU for Rural Livelihood Generation:

  • The Council of Scientific and Industrial Research (CSIR) and the M. S. Swaminathan Research Foundation (MSSRF) have signed a Memorandum of Understanding (MoU) aimed at enhancing livelihood opportunities among rural, tribal, and farming communities in India.
  • This collaboration aims to leverage CSIR’s technological innovations and MSSRF’s grassroots outreach to empower marginalized groups.

Adani Group Announced as Principal Sponsor for Indian Team at 2024 Paris Olympics:

  • Gautam Adani, Chairman of the Adani Group, has declared that the conglomerate will be the principal sponsor of the Indian contingent at the upcoming 2024 Paris Olympics

Azerbaijan Army Participates in “Birlestik-2024” Joint Military Exercises in Kazakhstan:

  • Azerbaijan Army servicemen have arrived in Kazakhstan to take part in the “Birlestik-2024” operational-tactical command-staff exercise.

India and Russia Aim for $100 Billion Trade:

  • India and Russia have set a target to increase bilateral trade to $100 billion by 2030, emphasizing economic collaboration in energy, trade, manufacturing, and fertilizers.

Gagan Narang Appointed as India’s Chef-De-Mission for Paris Olympics 2024:

  • Four-time Olympian and 2012 Olympic bronze medalist Gagan Narang has been appointed as India’s Chef-De-Mission for the 2024 Paris Olympics.
  • This decision comes after Mary Kom’s resignation from the position due to health issues.

Sixteenth Finance Commission Constitutes Five-Member Advisory Council:

  • The Sixteenth Finance Commission has constituted an advisory council with five members to advise the Commission on any of the Terms of Reference (ToR) or related subjects.
  • The Finance Commission, as per the ToR, will also suggest measures to augment the Consolidated Fund of a State to supplement the resources of panchayats and municipalities.

BSF Organises “Grow with the Trees” Plantation Drive in Srinagar:

  • The Border Security Force (BSF), in collaboration with the State Bank of India (SBI), organized the “Grow with the Trees” plantation drive at the BSF Headquarters in Srinagar.

Jasprit Bumrah and Mandhana Clinch ICC Player of the Month Awards:

  • Jasprit Bumrah, the hero of India’s victorious T20 World Cup campaign, has added another accolade to his illustrious career.
  • He was named the ‘ICC Men’s Player of the Month for June’, cementing his status as one of cricket’s premier fast bowlers.