Daily GK Update: 9th July 2022

National & International Appointments

Paritosh Tripathi has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the private non-life insurer SBI General Insurance with effect from 5^th July 2022
He succeeded P.C. Kandpal, who has been posted as Deputy Managing Director (DMD)-(P&RE) at SBI.
He has more than 32 years of banking experience and has worked in various departments including MSME, mid-corporate segment, international banking and bancassurance.

National & International Appointments

Alvaro Lario has been appointed as the seventh President of the International Fund for Agricultural Development (IFAD) with effect from 1st October 2022 for a four-year term.
IFAD:
- It is an international financial institution and specialized United Nations agency
- It is the only multilateral development organization that focuses on rural economies, food security and climate change
- Founded: 1977.
- Headquarters: Rome, Italy.

National Affairs

PM Narendra Modi attended first ‘Arun Jaitley Memorial Lecture’ (AJML) at Vigyan Bhavan, New Delhi.
First AJML keynote address was delivered by Mr. Tharman Shanmugaratnam (Senior Minister, Government of Singapore).
Organized by: Department of Economic Affairs, Ministry of Finance in recognition of Shri Arun Jaitley’s invaluable contribution to the nation.
Arun Jaitley was an Indian politician and served as the Minister of Finance and Corporate Affairs from 2014 to 2019

Summits & Conferences

India Stack Knowledge Exchange has been kick started on 7th July 2022, as a part of the Digital India Week 2022
It is a 3-day long virtual event and is an opportunity to showcase India’s most significant contribution to Digital world-India Stack, which is a unified software platform to bring India’s 1.4 billion population into the Digital Age.
Objective: to give an orientation to the basic building blocks of India Stack, which is driving Digital Transformation in India

National Affairs

National Informatics Centre (NIC) has developed web geo-portal for NCR, known as ‘PARIMAN’ for the purpose of effective utilization of Remote Sensing and GIS technology
It will be initially used by NCR Participating states and Office of National Capital Region Planning Board (NCRPB)
It will help to improve decentralized planning and management in NCR region
It can be accessed through NCRPB website https://ncrpb.nic.in/ and also through weblink https://ncrpbgis.nic.in/

Banking & Finance

Max Life Insurance Company has launched Smart Capital Guarantee Solution, which is a life insurance product solution that combines three benefits.
This product is launched by merging the benefits of Max Life Smart Wealth Plan and Max Life Flexi Wealth Advantage Plan.
It will offer wealth creation through market-linked returns along with a guarantee on premiums paid at maturity with additional financial protection

Agreement

City Union Bank (CUB) signs MoU with Shriram General Insurance, where the bank will distribute the latter’s insurance products through its branches.
Under this, Shriram General Insurance will offer personal lines of insurance products like motor, personal accident, home and travel, along with commercial lines of insurance products such as property, marine and engineering insurance to the bank’s customers.
MD & CEO of City Union Bank: N Kamakodi.

National Affairs

Maharashtra has the maximum number of government-recognized startups, followed by Karnataka and Delhi, as per Department for Promotion of Industry and Internal Trade (DPIIT) data
As many as 13,541 active DPIIT recognized startups were from Maharashtra, out of the total 73,205 govt-approved new age companies
Maharashtra has a share of 18% with respect to the total number of startups
Karnataka has 8,902 startups and Delhi is home to 8,670 enterprises as of 5th July

Summits & Conferences

National Mission for Clean Ganga has organized 8th Edition of the Webinar Series ‘Igniting Young Minds, Rejuvenating Rivers’
Theme: Afforestation
Aim: to connect with the youth on the important issue of Ganga Rejuvenation.
Namami Gange Programme is an Integrated Conservation Mission, approved as flagship programme in June 2014 with budget outlay of Rs.20,000 Crore to accomplish the effective abatement of pollution, conservation and rejuvenation of National River Ganga

Banking & Finance

RBI has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance and Rs 70 lakh on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued by RBI
RBI has been imposed on Dhani Loans and Services Ltd, Gurugram for non-compliance with KYC norms with fine of Rs 7.6 lakh
RBI had carried out Statutory Inspection for Supervisory Evaluation