Today’s Current Affairs: 12th July 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Colombo Security Conclave Welcomes Bangladesh as Fifth Member:
- The Colombo Security Conclave (CSC), a regional security grouping, welcomed Bangladesh as its fifth member at the 8th Deputy National Security Adviser (DNSA) level meeting hosted virtually by Mauritius.
Lt Gen Shankar Narayan Takes Helm at Army Hospital (R & R):
- The Armed Forces Medical Services witnessed a significant change in leadership as Lt Gen Shankar Narayan, NM, VSM, assumed the role of Commandant at the Army Hospital (Research & Referral), widely recognized as the apex hospital of the Indian Armed Forces.
ICICI Prudential Launches India’s First Oil & Gas ETF:
- ICICI Prudential Mutual Fund has made a significant move in the Indian investment landscape by launching the ICICI Prudential Nifty Oil & Gas ETF. ICICI Prudential Mutual Fund has made a significant move in the Indian investment landscape by launching the ICICI Prudential Nifty Oil & Gas ETF.
REC Raises 31.96 Billion Japanese Yen Through 5-Year Green Loan:
- REC Limited, a leading lender in the power sector, has successfully secured a 5-year green loan amounting to 31.96 billion Japanese yen (approximately $200 million).
- The transaction, facilitated by Deutsche Bank’s Gift City branch, marks one of the initial yen-denominated green loan deals for the bank in India.
India-Taiwan Mutual Recognition Agreement for Organic Products:
- The India-Taiwan Mutual Recognition Agreement (MRA) for Organic Products, effective from July 8, 2024, aims to enhance trade by allowing certified organic products from each country to enter the other’s market.
PSU Banks Pay ₹6,481 Crore Dividend to Govt for FY 2023-24:
- Four public sector banks, including Canara Bank, Indian Bank, Bank of India, and EXIM Bank, have collectively paid a dividend of ₹6,481 crore to the government for the financial year 2023-24.
DEPwD Signs 2 MoUs:
- The Department of Empowerment of Persons with Disabilities (DEPwD) under the Ministry of Social Justice & Empowerment (MSJE) signed 2 significant Memoranda of Understanding (MoUs), under the guidance of Rajesh Aggarwal, Secretary, DEPwD, to empower persons with disabilities (Divyangjan).
WHO Launches MeDevIS:
- The World Health Organization (WHO) has launched the ‘Medical Devices Information System’ (MeDevIS), an innovative online platform serving as the first global open access resource for information on medical devices.
- The MeDevIS platform began operational in March 2024 to facilitate consultation with WHO Member States.
- It was made available to the public through on July 8 2024.
Vietnam Tops List of Most Affordable Countries for Expats; India Ranks 6th
- Nations, Vietnam topped the list of most affordable countries for expatriates or immigrants for 4th consecutive term as 86% of expats in the country rated the cost of living positively, 65% are satisfied with the financial situation and 68% considered their household income comfortable enough for survival.
- While, India was ranked at 6th spot among the top 10 most affordable countries for immigrants in the list.
PNB Introduces ‘Safety Ring’ To Enhance Security For Internet and Mobile Banking Users:
- Punjab National Bank (PNB), India’s leading Public Sector Bank (PSB) has introduced a new security mechanism ‘Safety Ring’ within its Internet Banking System (IBS) and Mobile Banking System (MBS) in response to the increasing number of cyber frauds.
ICICI Prudential MF launches India’s First Oil & Gas ETF:
- ICICI Prudential Mutual Fund (MF) has introduced India’s first Exchange-Traded Fund (ETF) focused on the oil and gas sector, named the ICICI Prudential Nifty Oil & Gas ETF.
- This open-ended ETF will tracks the Nifty Oil & Gas Total Return Index (TRI) Index, which reflect the performance of companies within the sector.
Federal Bank Announced Strategic Bancassurance Partnership with Bajaj Allianz Life Insurance:
- Federal Bank Limited, a leading private sector bank in India announced that it has entered into a strategic Bancassurance partnership with Bajaj Allianz Life Insurance Company Limited, a private life insurer.
- This strategic partnership will enable the customers of Federal Bank to easily access the wide range of value-packed, customized life insurance products from Bajaj Allianz across the Bank’s extensive network in India.
RBI Cancels CoR of Star Finserv India & Polytex India Due to Irregular Lending Practices:
- The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 2 Non-Banking Financial Companies (NBFCs) namely Star Finserv India Limited in Hyderabad (Telangana), and Polytex India Ltd in Mumbai (Maharashtra), due to irregular lending practices.
Ageas Federal Life Insurance Launches ‘Golden Years Pension Plan’ for Secure Retirement:
- Ageas Federal Life Insurance, a leading private insurer in India, introduced the ‘Ageas Federal Life Insurance Golden Years Pension Plan’, a comprehensive retirement solution designed to secure a financial future during retirement years.
- It is a Unit Linked Individual Pension Plan (ULIP), where returns depend on the performance of the Blue Chip Pension Fund.
Moody’s Keeps India’s Economic Growth Forecast Unchanged at 6.8% for 2024:
- Global Rating Agency, Moody has announced that it has kept India’s economic growth forecast unchanged at 6.8% for 2024. It projected that Indian economy to grow at 6.5% for 2025.
