11 July 2023 : Latest Current Affairs 11th July
Important Current Affairs 11th July 2023
In this article, we will discuss all the Current Affairs of 11th July including national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 11th July 2023 current affairs then read this article till the end.
Current Affairs of 11th July – National News
1. Beginning local currency trade settlements between Tanzania and India
◉ Trade settlements in local currencies have been established between Tanzania and India, and this new initiative will aid in fostering trade between the two nations.
◉ Bilateral trade between India and Tanzania increased significantly and reached USD 6.4 billion in 2022–2023.
◉ Not only is this a very significant bilateral commerce, but it is also a bilateral trade that is becoming more and more balanced. The trade baskets are always being updated with new goods. ◉ The largest market for Tanzanian exports is still India.
◉ Tanzania is a market for Bank of India, Bank of Baroda, and Canara Bank.
◉ With Indian banks, exclusive Vostro accounts have already been opened by about 18 nations.
2. PM Modi announces construction initiatives in Varanasi
◉ In Varanasi, Prime Minister Narendra Modi officially opened and formally lay the cornerstone for 29 construction projects totaling more than 12,110 crore rupees.
◉ He laid the cornerstone for 10 projects totaling 1389 crore rupees and inaugurated 19 projects worth 10,720 crore rupees.
◉ Dedicated Freight Corridor’s railway line connecting Pandit Deendayal Upadhyaya Junction and One Nagar, built at a cost of around Rs 6,760 crore, was dedicated by Modi.
◉ Additionally, he opened three new railway lines and expanded NH-56’s Varanasi-Jaunpur segment to four lanes.
3. Noida is home to India’s first park with a Vedic theme.
◉ Yogi Adityanath, the chief minister of Uttar Pradesh, officiated at the opening of Sector 78 in Noida, India’s first park with a Vedic theme.
◉ Over 50,000 plants, including banyan, kalpavriksha, and coconut, which have been referenced in Vedic literature, can be found in the area known as the Ved Van Park.
◉ Through laser exhibitions, wall paintings, and sculptures, it will also showcase passages from the four works of Vedic literature—the Rig Veda, the Atharva Veda, the Yajur Veda, and the Sama Veda.
reportedly costing 27 crores of rupees to build. The park wants to entertain and educate its visitors in order to achieve a dual goal.
4. ‘Ama Pokhari’ is a program that the chief minister of Odisha has launched to revitalize water sources.
◉ ‘Ama Pokhari Yojana’ was introduced by Chief Minister of Odisha Naveen Patnaik.
◉ The work will be done in collaboration with Mission Shakti Women Self-Help Groups and educated youths from the State. The project would see the renovation of over 2,000 big water bodies scattered throughout 115 urban districts in the State.
◉ These remodeled ponds will serve as community activity centers and offer a healthy environment.
◉ The implementation of the plan would receive 120 crore rupees from the state government.
The project will be carried out utilizing organic and natural methods to enhance the local climate.
5. S Jaishankar submits his candidature for the Rajya Sabha elections from Gujarat External Affairs Minister S Jaishankar has submitted his nomination papers.
◉ Jaishankar originally submitted his nomination for the Gujarat Rajya Sabha four years ago.
◉ Eight of Gujarat’s 11 Rajya Sabha seats are now controlled by the BJP, and the remaining three are held by the Congress.
◉ S Jaishankar, Jugalji Thakor, and Dinesh Anavadiya’s mandates in the eight seats held by the BJP will expire on August 18. There will be elections for these three positions.
◉ The deadline for submitting nominations is July 13, and applicants have until July 17 to withdraw their names from consideration.
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International News
6. Launch of the computer operating system in China
◉ China has released Openkylin, a computer operating system that was developed domestically.
◉ The nation intensifies its efforts to decrease its reliance on US technologies.
◉ A collection of Chinese businesses, led by China Electronics Corp, the nation’s largest State-owned comprehensive electronic information company group, created the OpenKylin 1.0.
◉ Based on the open-source Linux operating system already in use, China’s version was created by a group of roughly 4,000 developers and is utilized in the country’s space program as well as sectors including finance and energy.
◉ The system was created to compete with the widely used Windows and MacOS platforms.
Some government departments’ computers already have older versions of the program installed.
Banking
7. IBA forms a team to carry out the RBI committee’s ARC recommendations.
◉ A five-member working group has been established by the Indian Banks’ Association (IBA) to carry out the recommendations of the Reserve Bank of India’s committee on the “working of the Asset Reconstruction Companies (ARCs)”.
◉ The group includes Dharmendra Pali (senior officials from SBI), Mythili Balasubramanian (executive director of Edelweiss ARC), Ajit Kumar (MD and CEO of Secondary Loan Market Association), Hari (CEO of Association of ARCs in India), and Anupama Ranade (senior officials from ICICI Bank).
◉ The RBI requested the formation of the Group. In collaboration with the lenders and ARCs, the central bank requests that IBA and SLMA take the necessary steps for the prompt execution of the committee’s recommendations.
Appointment
8. K. Rajaraman has been named the new IFSCA chair.
◉ K Rajaraman, a senior bureaucrat, and secretary of telecom, has been chosen by the government to serve as the International Financial Services Centres Authority’s (IFSCA) new chair.
◉ Rajaraman is a 1989-class Indian Administrative Service officer.
◉ He has been hired for a three-year term. He follows Injeti Srinivas, the first IFSCA Chairperson, who served in that capacity since 2020.
◉ Rajaraman’s term will last for three years starting on the day he takes up the job, or until he is 65, or until further orders, whichever comes first.
◉ At GIFT City in Gandhinagar, Gujarat, IFSCA was established in April 2020 in accordance with the International Financial Services Centres Authority Act, 2019.
Defence
9. SALVEX exercise was performed in Kochi for the seventh time.
◉ The Indian Navy-US Navy (at-USN) Salvage and Explosive Ordnance Disposal (EOD) exercise, SALVEX, was held at Kochi for the seventh time.
◉ Since 2005, IN and USN have taken part in cooperative salvage and EOD drills.
◉ Objective: To improve the diving teams’ skill sets in a variety of distinct fields, including mine detection and neutralization, wreck discovery, and salvage.
◉ Both navies took part in the exercise, sending ships including the INS Nireekshak and USNS Salvor as well as EOD and Specialist Diving crews.
◉ The diving teams from the two nations trained together in many elements of EOD Operations both on land and at sea, sharing their experiences in maritime salvage.
Science
10. Voyager Space and NewSpace India Limited have an agreement.
◉ In order to promote collaboration in satellite launch and deployment opportunities on board NSIL’s Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV), Voyager Space and New Space India Limited (NSIL) have signed a Memorandum of Understanding (MOU).
◉ NSIL is the Indian Space Research Organization’s (ISRO) commercial division.
◉ Voyager Space and NSIL will investigate launch and deployment options for little satellites orbited by SSLV and PSLV within the terms of this MoU.
◉ The utilization of space-qualified components from NSIL in support of spacecraft manufacture, deployment, operations, and other areas of interest will also be studied by the two organizations.
Sports
11. Canada Open champion Lakshya Sen
◉ Lakshya Sen of India won the men’s singles match at the Canada Open 2023 by defeating Li Shi Feng of China.
◉ Lakshya Sen, age 21, defeated Li Shi Feng, the current All-England Champion, by winning the first set by a score of 21–18 and the second set by a score of 22–20.
◉ Lakshya Sen, who won a gold medal at the Commonwealth Games, qualified for his second BWF World Tour by winning the Indian Open in 2022.
◉ After the India Open, Lakshya Sen defeated the All-England champion to earn his second Super 500 championship of his career.
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