Current Affairs in English

Daily Current Affairs and GK Updates in English: 02 July 2022

Important Days

15. Chartered Accountants Day 2022 observed on 01st July 

  • The Chartered Accountants’ Day or CA Day is held on 01 July every year in India. It is also known as ICAI Foundation Day. The day is marked to commemorate the foundation of the Institute of Chartered Accountants of India (ICAI) on July 1, 1949.
  • ICAI is among the oldest professional institutions in the country and also the second-largest professional accounting and finance body in the world in terms of members.

Important Takeaways For All Competitive Exams:

  • Institute of Chartered Accountants of India President: N. D. Gupta;
  • Institute of Chartered Accountants of India HQ: New Delhi.

16. National Doctor’s Day celebrates on 1st July

  • India celebrates National Doctor’s Day on July 1, the birth anniversary of Dr. Bidhan Chandra Roy, an eminent physician, academician, freedom fighter, and politician. Doctor’s Day is celebrated globally on different dates.
  • The date changes from country to country. National Doctor’s Day marks the role of doctors who work tirelessly to ensure that patients remain in good health.
  • The day celebrates the efforts taken by the healthcare staff for their hard work and dedication. Each year a new theme is given. For 2022, the theme for National Doctor’s Day is “Family Doctors on the Front Line.”

National News

1. India will have 122 unicorns in 25 cities within the next 2-4 years 

  • According to a report by the Hurun Research Institute titled Hurun India Future Unicorn Index 2022, India is predicted to have 122 new unicorns in the following 2-4 years. The total worth of these potential unicorns is currently 49 billion US dollars. When a startup is valued at $1 billion USD, it is considered to be a Unicorn.
  • The city of Bengaluru, which currently has 33 unicorns, will receive 46 new additions, followed by Delhi NCR with 25, Mumbai with 16, Chennai with 5, and Pune with 3. Bengaluru currently has the most unicorns in the nation. It’s anticipated that the remaining unicorns will appear in 20 additional cities.
  • Tiger Global has invested in 27 of these potential Unicorns, followed by the international venture capital firm Sequoia Capital, which has invested in 39 of them.

International News

2. Ferdinand Marcos Jr. takes oath as Philippine president 

  • Ferdinand Marcos Jr, the son of late dictator Ferdinand Marcos Sr, won the elections on 9th May with 31.6 million votes and was swore as the 17th President of the Philippines.
  • He took the oath at the National Museum of Fine Arts in Manila before the Supreme Court Justice, Alexander Gesmundo.
  • The former President’s daughter and his running mate, Sara Duterte Carpio, swore as vice president on 19th June. The two will be serving the nation until 2028.

Important Takeaways For All Competitive Exams:

  • Philippines Capital: Manila;
  • Philippines Currency: Philippine peso.

States News

3. Karnataka government launched the ‘Kashi Yatra’ scheme 

  • Karnataka government has launched the ‘Kashi Yatra’ scheme. The Kashi Yatra project, which offers cash assistance of Rs 5,000 to each of the 30,000 pilgrims willing to conduct a pilgrimage to the Kashi Vishwanath Temple in Varanasi, Uttar Pradesh.
  • For this scheme, the government will be using funds of up to Rs 7 crores from the accounts head of ‘Assistance to Manasa Sarovara Pilgrims’ which was announced in the chief minister’s budget speech for the financial year.
  • Shashikala Jolle, the Minister for Religious Endowment, Hajj and Wakf, said, any pilgrim taking up the government-sponsored ‘Kashi Yatra’ would get the benefit only once in a life time.

4. Eknath Shinde to take oath as Chief Minister of Maharashtra 

  • Eknath Shinde, a rebel Shiv Sena MLA, will be sworn in as the new chief minister of Maharashtra, Devendra Fadnavis told the press. The dissident Shiv Sena faction led by Eknath Shinde and the BJP will form Maharashtra’s new government after nearly ten days of intense power struggles.
  • The Maha Vikas Aghadi government’s authority in the state came to an end the day after Uddhav Thackeray resigned as chief minister. The Shinde camp announced that talks with the BJP have begun and that they will form the government.

Appointments News

5. Sandeep Kumar Gupta named as next chairman of GAIL 

  • Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s largest gas utility GAIL (India) Ltd. He will replace Manoj Jain, who is scheduled to retire on August 31.
  • The PESB recommendation will be vetted by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, after the go-ahead of anti-corruption bodies such as the CVC and CBI.
  • GAIL is India’s largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and a capacity of 206 million standard cubic meters a day. Its natural gas pipeline network covers 21 states. It holds around 70 per cent share of the gas-transmission network and more than 50 per cent share of natural gas sales in India.

Important Takeaways For All Competitive Exams:

  • GAIL Headquarters: New Delhi;
  • GAIL Founded: 1984.

6. KK Venugopal Re-Appointed Attorney General For Three Months 

  • Attorney General (A-G), K.K. Venugopal has been re-appointed as the country’s top law officer for a period of three months. Mr. Venugopal, whose current one-year term ends on June 30, agreed to a short tenure following a request from the government.
  • The sources cited above said that he was initially not willing to continue in the Constitutional post due to “personal reasons”.

Bankings News

7. RBI data: Credit card spending exceeded Rs. 1.13 billion in May 

  • May saw credit card spending reach an all-time high of $1.14 trillion, indicating that the retail sector is doing well.
  • According to Reserve Bank of India data, credit card spending increased 118 percent annually and 8 percent monthly as a result of strong e-commerce spending, high-value travel and tourism spending, and discretionary purchases.

Economy News

8. SEBI imposed Rs. 7 crore penalty on National Stock Exchange 

  • The Securities and Exchange Board of India (Sebi) has slapped heavy penalties in a 2015 ‘dark fibre’ case that saw certain brokers exploiting the National Stock Exchange’s (NSE’s) internet infrastructure to get faster connectivity to its colocation (colo) facilities.
  • The markets regulator has imposed a penalty of Rs 7 crore on NSE and Rs 5 crore on former Managing Director and Chief Executive Officer (CEO) Chitra Ramkrishna.

Important Takeaways For All Competitive Exams:

  • SEBI Founded: 1988;
  • SEBI Act: 1992;
  • SEBI Headquarters: Mumbai, Maharashtra;
  • SEBI First Women Chairman: Madhabi Puri Buch (present);
  • SEBI was given statutory recognition in 1992 on the recommendation of the Narasimham Committee.

9. 100% two-wheelers to be energized by FY27 

  • NITI Aayog and the Technology Information, Forecasting and Assessment Council (TIFAC) made an upbeat prediction that by FY2026-27, electric two-wheelers would be completely incorporated into the Indian market.
  • The Department of Science & Technology established the independent TIFAC in 1988 with the mission to forecast technological developments, evaluate technological trajectories and foster innovation.

Defence News

10. New Delhi: 4th Synergy Conference between Indian Army and DAD 

  • In New Delhi, there was the fourth Synergy Conference between the Indian Army and the Defense Accounts Department (DAD). Senior commanders of the Indian Army and DAD attended the one-day meeting, which was co-chaired by Vice Chief of Army Staff (VCOAS) Lt Gen BS Raju and Controller General of Defence Accounts (CGDA) Shri Rajnish Kumar.
  • Deliberations on the AGNIPATH plan and the timeline for the prompt implementation of a system for pay and allowances for Agniveers were on the conference’s main agenda.
  • Enhancing the performance of Pay and Accounts Offices (PAOs) for better service delivery to Junior Commissioned Officers/Other Ranks of the Indian Army was another item on the agenda. Senior officers from both sides were consulted as concrete action plans for the future were developed.

Important Takeaways For All Competitive Exams:

  • Vice Chief of Army Staff (VCOAS): Lt Gen BS Raju
  • Controller General of Defence Accounts (CGDA): Shri Rajnish Kumar

11. Successful flight testing of high-speed expendable aerial target ABHYAS in Odisha 

  • The Defence Research and Development Organization’s (DRDO) Abhyas high-speed expendable aerial target (HEAT), which was created as a target for the testing of missile systems, underwent a successful flight testing from the Integrated Test Range (ITR), off the coast of Odisha.
  • The Aeronautical Development Establishment (ADE), a DRDO unit with a Bengaluru location, created Abhyas.
  • The DRDO recently conducted numerous tests on Abhyas in various configurations.
  • Precision demonstrations of the aircraft’s performance at low altitudes, including prolonged level flight and excellent maneuverability, were made.
  • The target aircraft was being tracked by a number of tracking sensors deployed by ITR, including radar and an electro-optical targeting system, as it was being flown from a ground-based controller in a predetermined low-altitude flight route.

Important Takeaways for All Competitive Exams:

  • Defence Minister of India: Rajnath Singh
  • Head of the DRDO: G. Satheesh Reddy

12. 9th Army to Army Staff Talks between India and Australia held in Dehradun 

  • The ninth Army to Army Staff Talks, which were held in Dehradun, between the Australian and Indian armies were centered on developing a roadmap for improved defense cooperation and joint military exercises.
  • The Indian Military Academy (IMA) was the location of the discussions, where both parties went over the road map for initiatives promoting defense cooperation, according to the Army.
  • These initiatives include training sessions for both Armies, cadet exchange programs between pre-commission training academies, bilateral exchanges of Austra hinds, subject matter expert exchanges in specialized fields, functional and high-level visits, and the interaction between think tanks, and virtual interactions in the fields of medical and doctrinal exchanges.

Awards News

13. Nitin Gadkari presented the National Highway excellent Award 2021 

  • Lok Sabha Speaker Om Birla along with Minister for Road Transport and Highways, Nitin Gadkari gave away National Highways Excellence Awards-2021. Awards were given to the stakeholders and companies engaged in the highway construction and maintenance of road assets in New Delhi.
  • Excellence Awards were constituted in 2018 & awards were given away in 9 categories including Excellence in Project Management, Excellence in Highway Safety, Excellence in Toll Management, Excellence in Operation and Maintenance, Innovation, Green Highways, Outstanding Work in Challenging Condition, Bridge Construction and Tunnel Construction.

Sports News

14. Adani Sportsline is the principal sponsor of the Indian Olympic Association

  • Adani Sportsline, the sports arm of the Adani Group, has inked a long-term principal sponsorship deal with the Indian Olympic Association (IOA).
  • It will be the official partner of the Indian contingent during the upcoming Birmingham Commonwealth Games 2022, the Hangzhou Asian Games 2022, and the Paris Olympic Games 2024.
  • The group had earlier been associated with the Indian contingent during the Tokyo Olympics in 2021.

Obituaries News

17. Malayalam actor Ambika Rao passes away

  • Malayalam actor and assistant director Ambika Rao passed away at the age of 58. She entered the movie industry as an assistant director with the 2002 release ‘Krishna Gopalakrishna’ helmed by Balachandra Menon.
  • She forayed into the film industry as an assistant director in early 2000. She has assisted several directors, including Balachandra Menon, Anwar Rasheed, Shafi, and Vinayan. She also acted in many movies. Recently, she made a mark with her performances in hit films like Virus and Kumbalangi Nights.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.