Daily GK Update: 20th July 2022

By Neha Bisarya|Updated : July 20th, 2022

 Sports

1. Harshada clinches gold at Asian Youth and Junior Weightlifting Championship

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  • Harshada Garud has clinched the gold with an aggregate of 157kg (69kg+88kg), in the women's 45kg gold at the Asian Youth and Junior Weightlifting Championship in Tashkent, Uzbekistan.
  • Soumya Dalvi has bagged the bronze in the 45kg category of the youth event.
  • In the men's 49 kg youth event, L Dhanush has won the bronze with an 85 kg effort.
  • Minister of Youth Affairs and Sports: Anurag Thakur
  • Sports Authority of India HQ: Delhi
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 National Affairs

2. Jawaharlal Nehru Port becomes first 100% landlord major port of India

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  • Jawaharlal Nehru Port has become first 100% Landlord Major Port of India, all berths is being operated on public-private partnership (PPP) model.
  • Aim: Improve the utilization in crane and berth productivity of the terminal and reduce transit time, and logistics cost.
  • With this the total handling of JNPT has increased to 1.8 million Twenty-foot Equivalent Units (TEUs) from the present capacity of 1.5 million TEUs.
  • Minister of Ports and  Shipping: Sarbananda Sonowal
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 National & International Organizations

3. Gautam Adani becomes world's fourth richest rank on Forbes list

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  • As per the Forbes' Real-Time Billionaires List, Chief of Adani Group, Gautam Adani has become the world’s 4th richest person (net worth: $115.5 billion).
  • Adani's wealth has been surged by $2.9 billion due to sharp run-up in Adani Group stocks.
  • He has surpassed Microsoft cofounder, Bill Gates, who has announced to donate $20 billion of his wealth to the Bill & Melinda Gates Foundation.
  • Mukesh Ambani was placed at 10th on the Forbes list (net worth: $87.7 billion).
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 Defense

4. PM Modi unveiled ‘SPRINT challenges’ for Indian Navy

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  • PM Modi has unveiled ‘SPRINT challenges’ with an aim to boost the usage of indigenous technology in the Indian Navy.
  • This was unveiled at a naval seminar, which is organised by the Naval Innovation and Indigenisation Organisation (NIIO) and Society of Indian Defence Manufacturers.
  • SPRINT: Supporting Pole-Vaulting in R&D through iDEX (Innovations for Defence Excellence), NIIO and TDAC (Technology Development Acceleration Cell).
  • Navy Day: 4 December
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 Banking & Finance

5. Morgan Stanley cuts India's FY24 GDP growth to 6.4%

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  • Morgan Stanley has reduced its FY23 real GDP expansion estimate for India by 0.40% to 7.2% on slower global growth.
  • It has also estimated that the GDP growth for the FY24 will slow down to 6.4%, this is lower by 0.30% as compared to the earlier estimate.
  • The RBI has estimated that the GDP of India will stand at 7.2% for FY 23.
  • The World Bank has also suggested that the GDP growth forecast for India to 7.5% in FY23.
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 National Affairs

6. Government forms Committee on MSP of agri produce

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  • The Centre has set up a Committee on Minimum Support Price under the chairmanship of Former Agriculture Secretary, Sanjay Agrawal.
  • Aim: The minimum support price (MSP) more effective and transparent.
  • The committee will also suggest measures to promote zero-budget natural farming and crop diversification to fulfil the changing needs of the nation.
  • Minister of Agriculture & Farmers' Welfare: Narendra Singh Tomar
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 Sports

7. Australian tennis player, Lleyton Hewitt inducted into Tennis Hall of Fame

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  • Former world number one, Lleyton Hewitt was inducted into the International Tennis Hall of Fame, as part of the 2021 class.
  • He is the 34th player from Australia to be inducted.
  • He has won the 2001 US Open and 2002 Wimbledon titles among 30 career ATP triumphs and was a part of two Davis Cup championship teams in 1999 and 2003.
  • Hewitt won his last ATP title at Newport in 2014.
  • He remained the No 1 player in the world and spent 80 weeks top-ranked.
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 Sports

8. England all-rounder, Ben Stokes announces retirement from ODI cricket

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  • England all-rounder, Ben Stokes has announced his retirement from ODI cricket and played his last ODI against South Africa in Durham.
  • His ODI debut was against Ireland in 2011, he has scored 2919 runs, including three centuries, and taken 74 wickets in this format.
  • Stokes has been recently appointed as the captain of the England Men's Test after Joe Root has stepped down.
  • He won ICC’s Player of the Year in 2019, Wisden’s leading Cricketer in the World in 2020.
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 Banking & Finance

9. India's share of remittance from Gulf region declined in FY21: RBI

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  • The RBI has announced that the share of remittances from the Gulf Cooperation Council region to India has declined in 2021.
  • Observations: slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.
  • Article:  'Headwinds of COVID-19 and India's Inward Remittances'
  • The US, The UK, and Singapore are an Important sources countries of remittances (accounting for 36% of total remittances in 2020-21).
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 Banking & Finance

10. Govt declares 'zero coupon zero principal instruments' as securities

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  • The government has declared "zero coupon zero principal instruments" as securities.
  • Zero coupon zero principal instrument:  An instrument issued by a Not for Profit Organisation, will be registered with the social stock exchange segment of a recognised stock exchange.
  • These will be governed by rules made by the Securities and Exchange Board of India.
  • Social Stock Exchange: To serve private and non-profit sector providers by channelling greater capital to them.
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 National & International Appointments

11. Former SC Judge Vineet Saran appointed as BCCI Ethics Officer

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  • Former Supreme Court judge, Vineet Saran has been appointed as the BCCI's ethics officer and ombudsman. He has succeeded Justice (Retd) D K Jain, whose term ended in June 2021.
  • He is a former Chief Justice of Odisha High Court, and also served as a judge in Karnataka and Allahabad High Court.
  • He has been graduated from Allahabad University in 1976 and practised in the Allahabad High Court from 1980 till 2002.
  • BCCI President: Sourav Ganguly; Secretary: Jay Shah
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 Banking & Finance

12. RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

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  • RBI has imposed restrictions on Mumbai-based cooperative bank, Raigad Sahakari Bank.
  • Reason: Worsening of financial situation of the lender.
  • The restrictions also include a withdrawal limit of Rs 15,000 per customer and it will remain in force for a period of six months.
  • RBI has also imposed a penalty of Rs 6 lakhs on Shri Chhatrapati Rajarshi Shahu Urban Co-operative Bank Limited for contravention of provisions related to 'Frauds - Classification and Reporting'.
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 State Affairs

13. Telangana celebrates traditional Hindu festival, Bonalu

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  • Bonalu is a popular festival celebrated in Hyderabad and Secunderabad, dedicated to Goddess Mahakali.
  • During this festival, the different forms of Mahakali are worshipped, including Mysamma, Dokkalamma, Pedamma, Pochamma, Yellamma, Poleramma and Ankalamma.
  • The devotees offer cooked rice with milk and jaggery in an earthen or brass pot, decorated with neem leaves, turmeric and vermilion.
  • Bonalu is celebrated in the month of Ashada (July-August).
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Daily GK Update: 20th July 2022

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