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Banking Current Affairs : 26th July 2024

Today’s Current Affairs: 26th July 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

PM Modi Inaugurates 46th Session of UNESCO World Heritage Committee at Bharat Mandapam, New Delhi:

  • Prime Minister (PM) Narendra Modi inaugurated the 46th Session of the United Nations Educational, Scientific and Cultural Organization’s (UNESCO) World Heritage Committee(WHC) 2024 at Bharat Mandapam in New Delhi, Delhi.

Centre Grants Site Clearance To Parandur Airport Centre grants nod for Parandur site to develop Chennai’s second airport:

  • The Steering Committee on Greenfield Airports of the Union Government has granted approval of site clearance to the Tamil Nadu Industrial Development Corporation Limited (TIDCO) for the development of a greenfield airport at Parandur, Kancheepuram, Tamil Nadu (TN).
  • The Chennai city’s second airport, which is 70km away from Chennai.

India among Top 3 Countries in Most Significant Forest Area Gains: FAO Report

  • According to the Food and Agriculture Organisation (FAO)’s report“The State of the World’s Forest 2024(SOFO 2024): forest-sector innovations towards a more sustainable future”, India secured 3rd spot among the top 10 countries with most significant forest area gains during 2010 to 2020 period.

BoB Launched Generative AI-Powered VRM and New Payment App among 11 New Initiatives on its Foundation Day:

  • Indian Public Sector Bank (PSB), Bank of Baroda (BoB) launched various new digital initiatives including a Generative Artificial Intelligence (AI)-powered Virtual Relationship Manager (VRM) and a new payment app, among 11 new initiatives on occasion of its 117th foundation day.
  • The theme for the Bank’s 117th year is “Trusted Today, Transforming Tomorrow”.

GCF Approves USD 215.6 Million for SIDBI to help MSMEs Adopt Lower Emissions:

  • The board of the Green Climate Fund (GCF), which is an entity set up by the United Nations Framework Convention on Climate Change (UNFCCC), has approved USD 200 million loan and USD 15.6 million grant i.e. a total of USD 215.6 million for capacity building to Small Industries Development Bank of India’s (SIDBI) Financing Mitigation and Adaptation Projects (FMAP) in Indian Micro, Small, and Medium Enterprises (MSMEs).
  • Aim is to help MSMEs adopt low-emission and climate-resilient technologies.

RBI sells Rs 34 Billion Indian Bonds as Index Inclusion Boosts Inflows:

  • According to a Bloomberg Economics Index, the Reserve Bank of India (RBI) has sold Rs 34 Billion (USD 406 million) worth of bonds in the secondary market in July, 2024 to absorb excess cash in the banking system.
  • This action followed India’s recent inclusion in JPMorgan Chase & Co.’s Government Bond Index-Emerging Markets (GBI-EM) in June 2024, which spurred significant foreign investment of over USD 1 billion into Indian bonds within the month​.

IRDAI Revised its Guidelines on Commission on Long-term Motor Insurance:

  • The Insurance Regulatory and Development Authority of India (IRDAI) has revised its guidelines regarding the commission for long-term motor insurance policies.
  • These revised guidelines align these policies with the standard motor insurance policies having validity of 1 year.

TerraPay Partners with Swift For Global Account-to-Wallet Payments:

  • London, the United Kingdom(UK) based TerraPay, a leading global payments infrastructure company has partnered with the Society for Worldwide Interbank Financial Telecommunications (SWIFT), to enable financial institutions can send money directly to over 2.1 billion mobile wallets around the world using their Swift connectivity.

Rashtriya Raksha University, NSE IX & NSEICC Signed MoU For Economic and Financial Security:

  • Gandhinagar (Gujarat) based Rashtriya Raksha University (RRU), NSE International Exchange (NSE IX) and National Stock Exchange International Clearing (NSEICC) has signed Memorandum of Understanding (MoU) to enhance cooperation in economic and financial security.

1st Indian Individual Olympic Gold Medallist Abhinav Bindra Awarded Prestigious Olympic Order by IOC:

  • Abhinav Bindra, a former Indian rifle shooter, and the 1st Indian to win individual gold at the Olympics, has been honoured with the Olympic Order by the International Olympic Committee (IOC) for his outstanding contributions to the Olympic movement.
  • The Olympic Order is the highest award of the IOC, given for exceptional services to the Olympic Movement.

Nita Ambani Unanimously Re-Elected As IOCM: Paris Olympic, 2024

  • Paris 2024 Olympic Games: With the opening ceremony of the 2024 Paris Olympic Games scheduled to begin this weekend, the International Olympic Committee (IOC) on July 24 announced that Nita Ambani, has been re-elected unanimously as the IOC from India at the 142nd session.

Zelenskyy and Estonia’s New PM Discuss Ongoing Support:

  • Ukrainian President Volodymyr Zelenskyy spoke with Estonia’s newly elected Prime Minister Kristen Michal on his first day in office, July 22.
  • The discussion centered on Estonia’s ongoing military support for Ukraine and future cooperation.

Israeli Parliament Approves Bill to Label UNRWA as a Terror Organization:

  • The Israeli Knesset has approved a bill to designate the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) as a terrorist organization.

Rahaab Allana Honored with French Arts and Letters Insignia:

  • Curator and author Rahaab Allana has been awarded the insignia of Officier dans l’Ordre des Arts et des Lettres by the French government.