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Daily Current Affairs & GK Updates: 04 July 2020

04 July Most Imporant Current Affairs Quiz – Video Discussion

Important Days

World Sports Journalists Day 2020: 2nd July

World Sports Journalists Day is commemorated worldwide on 2nd July every year to support the work of sports reporters & to promote them to do better at their work. The day was founded in 1994 to mark the 70th anniversary of the International Sports Press Association (AIPS). This year 2020 marks the 96th anniversary of AIPS.

USeful Notes for all competitive exams:

  • AIPS of Headquarters: Lausanne, Switzerland.
  • AIPS of  President: Gianni Merlo.

National News

GoI approves Special liquidity scheme for NBFCs/HFCs

The Government of India has approved the Special liquidity scheme of Rs 30,000 crore for Non-Banking Financial Company (NBFCs)/ Housing Finance Companies (HFCs). The scheme has been launched with a prime objective of improving the liquidity position of NBFCs/HFCs via a Special Purpose Vehicle (SPV).

Reserve Bank of India (RBI) will offer funds for the Scheme by subscribing to government guaranteed special securities issued by the Trust. An unconditional and irrevocable guarantee would be provided by the Government of India, to the special securities issued by the Trust.

International News

French Prime Minister Edouard Philippe resigns

French Prime Minister Edouard Philippe has resigned from his post ahead of a government reshuffle by President Emmanuel Macron. As per the announcement made by the French Presidency, Edouard Philippe will handle the government affairs until a new cabinet would be named.

This is a part of the President Emmanuel Macron plans to strengthen his green credentials and refashion his centrist government ahead of a possible re-election bid.

Agreements & MoUs

India-Bangladesh forms LPG joint venture

India and Bangladesh have confirmed an arrangement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh. The agreement was signed between the RR Holdings Ltd., Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, and IOC Middle East FZE, Dubai, a wholly-owned subsidiary of Indian Oil Corporation (IOC). The JVC will help in reducing the import cost of LPG and provide it to the people of Bangladesh at an affordable price.

USeful Notes for all competitive exams:

  • Prime Minister of Bangladesh: Sheikh Hasina; Capital: Dhaka; Currency: Taka.
  • Chairman of Indian Oil Corporation: Sanjiv Singh.

Awards & Rewards

Indian Americans Siddhartha Mukherjee and Raj Chetty have been included in the list of 38 immigrants named by the Carnegie Corporation of New York as ‘2020 Great Immigrants’ honourees for their contribution in mitigating the COVID-19 health crisis.

Siddhartha Mukherjee has been honoured for using “his communication skills to educate the public and build awareness about COVID-19 through forums and his widely read essays.” Raj Chetty made into the list for launching “a real-time data tracker to measure the economic impact of the pandemic and assisted decision-makers as they implemented new public policies.”


Karnam Sekar retires as MD & CEO of IOB

The Managing Director (MD) and Chief Executive Officer(CEO) of Indian Overseas Bank (IOB), Karnam Sekar has retired on 30th June 2020. He joined the State Bank of India(SBI) as the Probationary officer in December 1983.

USeful Notes for all competitive exams:

  • Indian Overseas Bank Headquarters: Chennai, Tamil Nadu.
  • Indian Overseas Bank Founded: 10 February 1937.

Science & Technology

IIT Kanpur develops teaching setup ‘Mobile Masterjee’

IIT Kanpur has developed a classroom-to-home teaching setup ‘Mobile Masterjee’. It will be very helpful for students in rural India. The setup can record the lectures or instructions by the teachers while using their available smartphones. It can also capture the videos of the classroom lecture in many positions.

USeful Notes for all competitive exams:

  • Prof. Abhay Karandikar is currently serving as the Director of IIT Kanpur.

Obituaries News

West Indies former cricketer Everton Weekes passes away

West Indies former cricketer, Everton Weekes passed away. He made his first-class debut at the age of 19-year and his Test debut in 1948 at 22. His test career spanned between 1948 to 1958, in which he played 48 Tests & scored 4455 runs at an average of 58.62.

He retired in 1958, after which he had served as a coach, administrator, and ICC match referee. Weekes was honoured with Knight of the Order of St Michael and St George (KCMG) for his services to cricket in 1995 & was inducted into the ICC Hall of Fame in 2009.

04 July Most Imporant Current Affairs Quiz – Video Discussion

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