Daily GK Update: 20th July 2022

 Sports

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

• 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

 National Affairs

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

• 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

 National & International Organizations

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

• 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).

 Defense

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

• 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

 Banking & Finance

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

• 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.

 National Affairs

6. Government forms Committee on MSP of agri produce

• 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

 Sports

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

• 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.

 Sports

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

• 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.

 Banking & Finance

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

• 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).

 Banking & Finance

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

• 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.

 National & International Appointments

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

• 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

 Banking & Finance

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

• 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'.

 State Affairs

13. Telangana celebrates traditional Hindu festival, Bonalu

• 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).