Daily GK Update: 22nd July 2022

By Neha Bisarya|Updated : July 22nd, 2022

 National & International Appointments

1. Droupadi Murmu elected as the 15th President of India

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  • Droupadi Murmu has been elected as the 15th President of India, after securing 64% of the votes, her opposition Candidate Yashwant Sinha has got 36%.
  • She is the first tribal woman and the second woman (First: Pratibha Patil) to hold the position of President of India.
  • CJI, N V Ramana will administer the oath of office to Droupadi Murmu.
  • About:
    • She was born in Mayurbhanj district of Odisha.
    • Tribe: Santhal
    • She served as Governor of Jharkhand from 2015 to 2021.
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 Banking & Finance

2. ADB cut GDP forecast of India for FY23 to 7.2%

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  • The Asian Development Bank (ADB) has reduced the economic growth forecast for India for the current fiscal year (2022-23) to 7.2% from 7.5%.
  • For the South Asian region:
    • Cut the forecast for 2022 to 6.5% from 7%
    • For 2023, from 7.4% to 7.1%
  • Reason: Economic crisis in Sri Lanka, high inflation and associated monetary tightening in India
  • ADB President: Masatsugu Asakawa; Chief Economist: Albert Park; Headquarters: Mandaluyong, Philippines
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 Important Dates

3. World Brain Day: July 22

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  • World Brain Day is observed on every July 22, celebrated by the World Federation of Neurology (WFN), to raise the awareness and promoting advocacy related to brain health.
  • Theme 2022: “Brain Health for all”
  • History:
    • The World Federation of Neurology was established on July 22 1957.
    • The Public Awareness and Advocacy Committee has suggested, that 22 July 2014 should be celebrated as “World Brain Day”.
    • WFN Headquarters:  London, UK
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 Agreement

4. India, the UK sign MoU on Mutual Recognition of Academic Qualification

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  • India and United Kingdom signed an agreement to provide student mobility and academic collaboration between higher education institutions (HEIs).
  • Signed by: James Bowler, Permanent Secretary, Department of International Trade of United Kingdom (UK) and K Sanjay Murthy, Secretary (Higher Education), Ministry of Education, India.
  • In May 2021, a comprehensive Roadmap to 2030 was adopted for an enhanced bilateral cooperation between the two countries.
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 Agreement

5. COP 26's President and NITI Aayog launch to boost electric mobility

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  • Alok Sharma (COP 26 President) and NITI Aayog have launched two significant initiatives — E-AMRIT and the Report on Advanced Chemistry Cell Battery Reuse and Recycling Market in India.
  • E-AMRIT refers to Accelerated e-Mobility Revolution for India's Transportation, is an mobile application, will raise the awareness on electric mobility.
  • India is among 42 leaders to back and sign up to the UK's Glasgow Breakthroughs, which was launched at the COP26 climate summit. 
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 State Affairs

6. Himachal Pradesh connects all VLTD vehicles equipped with ERSS

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  • Himachal Pradesh has become the first state in India to connect all registered commercial vehicles equipped with Vehicle Location Tracking Device (VLTD) with Emergency Response Support System (ERSS).
  • Vehicles can be tracked anywhere in the country through VLTD.
  • It will be monitored by both the police and the transport department.
  • CM also introduced the facility of panic button for the safety of women and children in public vehicles.
  • HP, CM: Jai Ram Thakur 
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 Agreement

7. India, Maldives sign MoU on judicial cooperation

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  • The Union Cabinet has approved an MoU signed between India and Maldives for judicial cooperation to speed up the court digitization and boost prospects for IT companies & start-ups in both countries.
  • This is the eighth MoU signed between India and other countries in the field of Judicial Cooperation.
  • India was among the first to recognize the Maldives after its independence in 1965 and shares good diplomatic relations with the country.
  • Maldives Capital: Malé 
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 National Affairs

8. NITI Aayog releases report on Digital Bank

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  • The Niti Aayog has released its report on digital banks, offering a template and roadmap for licencing and regulatory regimes.
  • Report titled: A proposal for Digital Banks in India: Licensing and Regulatory Regime
  • Report recommendations:
    1. Issuing a restricted digital bank licence.
    2. Inclusion (of the licensee) in a regulatory sandbox framework enacted by RBI
    3. Issuance of a "full-scale" digital bank licence
  • NITI Aayog Vice Chairperson: Suman Bery; CEO: Parameswaran Iyer
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 Banking & Finance

9. RBI signs statement of commitment to the FX Global Code

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  • The RBI has renewed its statement of commitment to the FX Global Code, a compilation of best market practices formulated by central banks worldwide.
  • It is implemented by the Global FX Committee (GFXC) in co-ordination with the Local FX Committee (LFXC) in each jurisdiction.
  • FX Global Code:
    • Developed under the Bank for International Settlements.
    • It was initially launched in May, 2017.
    • After review, an updated code was published by the GFXC on July 15, 2021.
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 Banking & Finance

10. NDB approves USD 875 million for development in Brazil, China and India

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  • The New Development Bank has approved USD 875 million for water, sanitation, ecotourism and transport.
  • Investments will support the Brazil, China and India towards the Sustainable Development Goals.
  • Brazil: $ 300 million for water supply and sewage collection
  • India: $ 79 million for the Meghalaya Ecotourism Infrastructure Development Project.
  • China: EUR 265 million for Lanzhou Zhongchuan International Airport and RMB 805 million for Xi’an Xianyang International Airport. 
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 National & International Appointments

11. Egypt’s Seif Ahmed appointed as acting president of FIH

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  • The International Hockey Federation (FIH) has appointed Seif Ahmed (Egypt) as its acting president after the resignation of Indian administrator Narinder Batra from the post.
  • Batra has resigned as FIH president and also quit as chief of the Indian Olympic Association (IOA).
  • He also gave up his International Olympic Committee (IOC) membership which was directly linked with his IOA position.
  • Batra became the president of FIH in 2016.
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 National & International Appointments

12. Rajarshi Gupta appointed as Managing Director of ONGC Videsh

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  • Rajarshi Gupta, has appointed as MD of ONGC Videsh Ltd, is an overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).
  • He has replaced Alok Gupta who was superannuated in June 2022.
  • He has more than 33 years of experience in supervisory, managerial and strategic planning capacities in domestic and international operations of ONGC and ONGC Videsh.
  • He has also served as Executive Director - Chief of Corporate Strategy & Planning in ONGC.
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 National Affairs

13. PM Modi unveiled India’s first passenger drone, Varuna

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  • PM Narendra Modi has unveiled the 'Varuna', India’s first passenger drone.
  • This drone is capable of carrying one person, equipment, or supplies from one moving warship to another with the help of autonomous take-off and landing features.
  • It can also be used for medical evacuation.
  • About Varuna:
    • It has a range of 25 km.
    • The drone can carry 130 kg payload
    • It has 25-33 minutes of flight time.
    • It has been designed and developed by a startup Sagar Defence Engineering 
Read Full News >>
Daily GK Update: 22nd July 2022

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