Daily GK Update: 8th July 2021

By Md Mansur Alam|Updated : July 8th, 2021

 Honours & Awards

1. Economist Kaushik Basu gets Humboldt award 2021

byjusexamprep

  • Indian economist Kaushik Basu conferred with the Humboldt Research Award for 2021 by Dr. Hans-Bernd Schäfer of Bucerius Law School Hamburg, Germany.
  • The award recognizes excellence through an entire career and offers research collaboration opportunities.
  • Basu is a professor of economics at Cornell University.
  • He was the chief economist of the World Bank from 2012 to 2016 and Chief Economic Adviser to the Indian government from 2009 to 2012.
Read Full News >>

 National Affairs

2. Govt sets up 25-member development council for cement industry

byjusexamprep

  • The govt has set up a 25-member Development Council for Cement Industry under Dalmia Group CMD Puneet Dalmia
  • it will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote standardization of products.
  • It will also recommend measures for securing the full utilization of the installed capacity and for improving the working of the industry. 
  • It will also work for the standardization of accounting and costing methods. 
Read Full News >>

 Obituaries

3. Olympic gold-winning hockey legend Keshav Datt passes away

byjusexamprep

  • Two-time Olympics Gold Medal winning Indian Hockey team’s last member Keshav Chandra Datt (95) passed away.
  • Born in Lahore Datt was part of the 1948 London Olympics Indian Hockey team.
  • Later as Vice-Captain of the Indian team, he won a Gold medal in the 1952 Helsinki Olympics.
  • In his autobiography GOAL, Dhyan Chand rated Datt as one of the finest half-backs of that time.
Read Full News >>

 International Affairs

4. World’s biggest sandcastle constructed in Denmark

byjusexamprep

  • World’s tallest sandcastle was constructed in Denmark.
  • It has established a new Guinness World Record of 21.16 meters, which is 3.5m taller than the previous record of 17.66m set in Germany in 2019.
  • The intricately decorated structure is reminiscent of a pyramid in the small seaside town of Blokhus
  • The sandcastle has been created by Wilfried Stijger, a Dutch sand artist
  • A sandcastle is a basic model of a castle that is built out of the sand, typically by children.
Read Full News >>

 Banking & Finance

5. Govt brings Dept of Public Enterprises under Finance Ministry

byjusexamprep

  • The govt has brought the Department of Public Enterprises under the Finance Ministry in a bid to facilitate its ambitious Disinvestment Programme.
  • Earlier, DPE was part of the Ministry of Heavy Industries and Public Enterprises.
  • The other 5 departments under the Finance Ministry are Economic Affairs, Revenue, Expenditure, Investment & Public Asset Management and Financial Services
  • The govt has budgeted Rs 1.75 lakh crore from stake sale in PSUs during 2021-22.
Read Full News >>

 Banking & Finance

6. Fitch cuts GDP growth estimate to 10% on slower recovery

byjusexamprep

  • Fitch Ratings has cut its projection for India’s real GDP growth in 2021-22 to 10%, from 12.8%.
  • The rating agency also warned that banks’ asset quality challenges have increased and will remain under threat due to mobility restrictions, medical exigencies, and rising job losses, with MSME and retail loans to low- and moderate-income borrowers most likely at risk.
  • Indian economy contracted by 7.3% in FY 2020-21 as against a 4% growth in 2019-20.
Read Full News >>

 International Affairs

7. Haiti President Jovenel Moïse assassinated at home

byjusexamprep

  • Haiti's President Jovenel Moise was assassinated in an attack on his residence.
  • The acting Prime Minister Claude Joseph declared a state of siege in the country.
  • Haitian National Police have detained two suspects and killed four others connected to the assassination.
  • Haiti is a Caribbean country that shares the island of Hispaniola with the Dominican Republic to its east.
  • Haiti Capital and Currency: Port-au-Prince, Haitian gourde
Read Full News >>

 Banking & Finance

8. FREO partners with HDB Financial Services to offer lending solutions

byjusexamprep

  • Neobank FREO has partnered with HDB Financial Services to offer a credit line and high-ticket personal loans to customers across multiple cities in India.
  • Through this association, FREO will be providing customers with two innovative credit products: a credit line and a high-ticket personal loan across multiple cities in India.
  • An individual will get a personalized amount approved which they can start using immediately.
  • Formerly FERO was known as MoneyTap.
Read Full News >>

 Banking & Finance

9. Bajaj Allianz General ties up with Bank of India to offer insurance product

byjusexamprep

  • Bajaj Allianz General Insurance and Bank of India have entered into a ‘corporate agency agreement’ for the distribution of its Insurance products through the Bank's branches. 
  • Under the agreement, Insurer will offer a number of personal lines of products such as – motor insurance, health insurance, home insurance, travel insurance to the bank’s customers.
  • It will also offer the commercial line of products such as – engineering insurance, marine insurance, etc.
Read Full News >>

 Obituaries

10. Former Himachal Pradesh CM Virbhadra Singh passes away

byjusexamprep

  • Former Himachal Pradesh Chief Minister and senior Congress leader Virbhadra Singh passed away. 
  • 87-year-old Veerbhdra Singh is the longest-serving chief minister of Himachal Pradesh.
  • He was currently the MLA from Arki in Solan district.
  • Nine-time MLA and five-time MP, Singh was Himachal Pradesh’s chief minister for six terms.
Read Full News >>

 Banking & Finance

11. SBM Bank India & Drip Capital partner to empower MSME Exporters

byjusexamprep

  • Drip Capital has tied up with SBM Bank India to offer trade financing solutions – customized for small and medium-sized exporters in India.
  • With this, the MSME exporters will be able to avail collateral-free working capital at competitive rates.
  • Drip Capital has partnered with several local and international banks to offer its financing solutions to SMEs in developing markets like India and Mexico. 
  • Recently, it crossed over US$ 1Bn in cross-border transactions.
Read Full News >>
Daily GK Update: 8th July 2021

Comments

write a comment

PO, Clerk, SO, Insurance

BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIIDBI SOIBPS RRBLIC

Follow us for latest updates