Daily Current Affairs 18th July 2019

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Daily Current Affairs 18th July 2019

IMPORTANT DAYS and THEMES

18th July: Nelson Mandela International Day

  • The United Nation observed Nelson Mandela International Day on 18th July every year.
  • This day remind the contributions of Mandela to the culture of peace, human right, reconciliation and freedom.
  • It is also known as Mandela Day.
  • On 18 July, 2009, the first Mandela Day was launched in New York.
  • The United Nations General Assembly adopted a resolution on 10 November, 2009 declaring 18 July as “Nelson Mandela International Day”.

Extra Shots:

  • Nelson Mandela was born as Nelson Rolihlahla Mandela in Transkei, South Africa on 18 July, 1918.
  • He was a great politician, revolutionary and philanthropist.

United Nations– It is an International Organization. Its Objective of UN is to not only maintain International Peace and Security but also to develop Friendly relations among nations.

  • Founded – 24th October, 1945
  • Headquarter- New York,United States
  • Secretary General- Antonio Guterres (9th SG OF UN)
  • He is from PORTUGAL
  • Portugal (Capital/Currency) – Lisbon/ Euro
  • United States (Capital/Currency) – Washington, D.C/ US Dollar

BANKING & FINANCE Current Affairs

SIDBI introduced web-based application system for contribution from FFS

  • Small Industries Development Bank of India (SIDBI) introduced a web-based application system for contribution from the Fund of Funds for Startups (FFS).
  • Aim: to improve the turnaround time and increase transparency
  • SIDBI is the implementing agency for FFS with a corpus of Rs 10,000 crore on behalf of the Government of India.

Extra Shots:

SIDBI: Small industrial Development Bank of India is a development financial institution in India.

  • Founded: 2 April 1990
  • Headquarters: Lucknow
  • Chairman and Managing Director: Mohammad Mustafa

Muthoottu Mini Financiers Ltd and HDFC ERGO entered Bancassurance Corporate Agency Agreement

  • HDFC ERGO General Insurance Company and Muthoottu Mini Financiers Ltd announced the tie-up for the distribution of HDFC ERGO’s range of non-life insurance offerings for the customers of the NBFC through its network branches.
  • Both the companies have entered into a corporate agency partnership.
  • HDFC ERGO’s offering is available in Muthoottu Mini Financiers Ltd.’s widespread network of over 750 branches.
  • It spreads across 10 states and 2 union territories in India.

Extra Shots:

HDFC ERGO: HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd. and ERGO International AG, a Germany-based company that is part of the Munich Re Group.

  • Headquarters: Mumbai
  • CEO: Mr. Ritesh Kumar
  • Executive Director: Anuj Tyagi
  • Executive vice president: Mr. Dayananda V. Shetty

Andhra Bank unveils Al chatbot ABHi

  • Andhra Bank launched its Artificial Intelligence interactive assistant — ABHi.
  • It is launched by the Bank’s MD & CEO J. Packirisamy at bank’s headquarter in Hyderabad.
  • The Bank’s AI powered chatbot-ABHi uses latest Artificial Intelligence (AI) and Natural Language Processing (NLP) algorithm to understand the customer query and fetch the relevant information from possible knowledgebase in a matter of milliseconds.

Extra Shots:

Andhra Bank: Andhra Bank is a medium-sized public sector bank of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines as of 31 March 2019.

  • Headquarters: Hyderabad
  • Founder: Bhogaraju Pattabhi Sitaramayya

BUSINESS and ECONOMY

ADB cuts India’s GDP growth rate from 7.2% to 7% for FY20

  • Asian Development Bank lowered the GDP growth rate of India from 7.2% to 7% for the current fiscal.
  • India is expected to grow by 7 percent in 2019 (FY20) and 7.2 percent in 2020 (FY21).

Extra Shots:

ADB: The Asian Development Bank (ADB) is a regional development bank aimed to promote social and economic development in Asia.

  • Founded: 19 December 1966
  • Membership: 68 countries
  • Purpose: Economic development
  • Headquarters: Mandaluyong, Philippines
  • President: Takehiko Nakao

L&T Infotech signs deal to acquire AI specialist firm Lymbyc

  • Larsen & Toubro Infotech (LTI) has signed an agreement to acquire AI firm Lymbyc Solutions for Rs 38 crore.
  • Lymbyc Solutions, headquartered in Bangalore along with additional offices in Chennai and Texas, US.

Extra Shots:

Larsen & Toubro Limited, commonly known as L&T Limited is an Indian multinational conglomerate company.

  • Headquarters: Mumbai
  • Founders: Henning Holck-Larsen, Soren Kristian Toubro
  • CEO: Sanjay Jalona

Lymbyc Solutions: Headquarter (Mumbai) CEO(Satyakam Mohanty)

NATIONAL Current Affairs

EAM S Jaishankar to attend BRICS foreign ministers’ meet in Brazil next week

  • External Affairs Minister S Jaishankar will participate in the Standalone meeting of BRICS’ Foreign Ministers from July 25-26 in Rio de Janeiro, Brazil.
  • He is expected to discuss amongst other issues, the preparation for the 11th BRICS Summit of the leaders to be held in Brasilia in November 2019.

Extra Shots:

  • Brazil (Capital/Currency): Brasilia/ Brazilian real
  • President: Jair Bolsonaro

BRICS: BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as “BRIC”, before the induction of South Africa in 2010.

  • Founded: June 2006
  • Headquarters location: Aarhus University, Aarhus, Denmark
  • Founders: India, China, Brazil, Russia

Union Government to build India-based Neutrino Observatory (INO) at Pottipuram in Theni District, Tamil Nadu

  • Union government is planning to set up India-based Neutrino Observatory (INO) at Pottipuram in Theni District, Tamil Nadu.
  • Objective: to set up a 51000 ton Iron Calorimeter (ICAL) detector
  • It will be the first neutrino detector in India.

STATE  Current Affairs

Uttarakhand to host first ever Himalayan states conclave

  • First-ever Himalayan States Conclave will be hosted by Uttarakhand on July 28, 2019 at
  • The main Objective of this conclave is to focus on sustainable development of the Indian Himalayan Region.
  • Area of Focus: environmental protection, Himalayan culture and economic development
  • Rajiv Kumar, Vice President of Niti (National Institution for Transforming India) Aayog, will also participate in this conclave.

Extra Shots:

  • Uttarakhand: Capital City (Dehradun) CM(Trivendra Singh Rawat) Governor(Baby Rani Maurya)

INTERNATIONAL Current Affairs

Palau becomes 76th country to join International Solar Alliance

  • Palau signed the International Solar Alliance (ISA) Framework Agreement and became the 76th country to join ISA.
  • Palau President Tommy Remengesau recognised the ISA as a key initiative for promoting sustainable energy.

Extra Shots:

  • Palau (Capital/Currency): Ngerulmud/US Dollar
  • President :Tommy Remengesau
  • Palau will host the 2020 edition of the ‘Our Oceans conference’, which will focus on issues such as climate change, sustainable fisheries and marine pollution.

Saudi Arabia intercepts drone launched by Yemeni rebels

  • The Saudi military says it has intercepted a drone launched at the kingdom’s southern border by Iranian-backed rebels in Yemen.
  • The drone launched by the Houthi rebels from Yemen’s Governorate of Sanaa toward the Saudi city of Jizan.

Extra Shots:

  • Saudi Arabia (Capital/Currency): Riyadh/Riyal

APPOINTMENTS and RESIGNATIONS

Coca cola appoints Sarvita Sethi in M&A role

  • Global beverages major Coco-Cola announced top-level changes in its India and southwest Asia unit.
  • Sarvita Sethi is appointed as Vice president.
  • M&A and New Ventures and Harsh Bhutani as Vice-president finance(CFO).
  • Sarvita Sethi becomes the first woman to head the company’s finances for the region.

Extra Shots:

Coca Cola:

  • Introduced: 1886
  • President and COO: Brian Smith.
  • HQ: Atlanta, Georgia, United States

DEFENCE  Current Affairs

Chandrayaan-2 launch rescheduled for July 22: ISRO

  • ISRO announced that India’s lunar mission Chandrayaan-2 will be rescheduled to launch on the 22nd of July at 2:43 pm from the spaceport at Sriharikota.
  • Originally Chandrayaan-2 was scheduled to be launched at 2.51 am on July 15.
  • Due to some technical issue it was cancelled on 15th and now rescheduled to launch on 22nd of this month.

Extra Shots:

ISRO: The Indian Space Research Organisation is the space agency of the Government of India.

  • Founded: 15 August 1969
  • Headquarters: Bengaluru
  • Founder: Vikram Sarabhai
  • Director: Kailasavadivoo Sivan
  • Subsidiary: Vikram Sarabhai Space Centre

AWARDS & RECOGNITIONS

Govt’s ”Find the Incredible You” campaign wins PATA award

  • The “Find the Incredible You” campaign of the Tourism Ministry, has won the Pacific Asia Travel Association (PATA) Gold Award, 2019 under the “Marketing – Primary Government Destination” category.
  • The Objective of the Campaign is to focus on digital and social media and the promotion of niche tourism products of the country.
  • The ‘Incredible India 2.0’ campaign was launched in September 2017, under which five new television commercials were produced by the ministry on TV and Social Media.
  • The campaign strategy was to shift the focus from the external experience of tourist destinations to the internal experience of travellers themselves.
  • This series of transformative experiences was brought alive through unique storytelling in the format of autobiographies of travellers, with the tagline “Find the Incredible You.

Extra Shots:

  • PATA Gold Awards are given to tourism industry organizations and individuals making an outstanding contribution towards the successful promotion of the travel industry throughout the Asia Pacific Region.
  • Minister of State (IC) of the Ministry of Tourism: Prahalad Singh Patel

RANKING and INDEX

Bloomberg Billionaires Index

  • Jeff Bezos, Amazon founder and CEO is the world’s richest person with a total net worth of $125 million.
  • Bill Gates, Microsoft founder stands at Number 3 with net worth of $107 billion
  • The richest Indian, Mukesh Ambani is on the 13th spot, with a net worth of USD 51.8 billion. Azim Premji is the second-richest Indian to be on the list at the 48th rank with USD 20.5 billion.
  • Shiv Nadar is on the 92nd spot and Uday Kotak is on the 96th spot.

Extra Shots:

Bloomberg: Bloomberg L.P. is a privately held financial, software, data, and media company.

  • Headquarters: New York, New York, United States
  • CEO: Michael Bloomberg
  • Founders: Michael Bloomberg, Thomas Secunda, Charles Zegar, Duncan MacMillan

SPORTS  Current Affairs

Indian secured the first spot in the medal tally of Commonwealth Weightlifting Championship

  • Indian team secured the first spot in the medal tally of Commonwealth Weightlifting Championship 2019 held at Samoa.
  • 37 Indian players participated in the Commonwealth Weightlifting Championship in Apia, Samoa.
  • It won 35 medals including 22 golds, 10 silvers and 3 bronze medals in the youth, junior, and senior categories.
  • India also broke a total of 22 records in all 3 age groups in World, Asian, Commonwealth and National level as well as set a new junior record at Commonwealth and National level.

Extra Shots:

  • Minister of State (IC) for Ministry of Youth Affairs and Sports:Kiren Rijiju
  • Samoa (Capital/Currency): Apia/ Samoan tala

Athletics: Hima Das wins fourth gold in 15 days

  • Indian sprinter Hima Das clinched her fourth gold in a fortnight as she won the 200m race with a creditable timing in the Tabor Athletics Meet in Czech Republic.
  • Hima won the race in 23.25 seconds.
  • It was her fourth gold since July 2 when she ran her first competitive race in Europe.
  • In men’s 400m, Muhammad Anas won in 45.40 seconds, while compatriots Tom Noah Nirmal came second with a season-best effort of 46.59 seconds.
  • KS Jeevan was third with a timing of 46.60 seconds and MP Jabir finished fourth in 47.16 seconds.

Extra Shots:

  • Czech Republic (Capital/Currency): Prague/ Czech koruna

Sarabjot Singh wins India’s ninth gold in ISSF Junior World Cup

  • At the ISSF Junior World Cup, Sarabjot Singh shot a 239.6 to bag the men’s 10 metres air pistol gold.
  • This is India’s ninth yellow metal at the event in Suhl, Germany.

Extra Shots:

  • Germany (Capital/Currency): Berlin/Euro

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