Important Daily Current Affairs of 9th July 2021
In this article, we will discuss all the important current affairs of 9th July 2021 in detail.
National
1. The Finance Ministry has released the fourth monthly instalment of the Post-Devolution Revenue Deficit Grant to 17 states, totaling over 9 thousand 871 crore rupees.
- The Union Finance Ministry has distributed the fourth monthly instalment of the Post-Devolution Revenue Deficit Grant to the 17 states, totaling over 9,000 871 crore rupees. So far this fiscal year, eligible states have received a total of 39 thousand 484 crore rupees in funding.
- Kerala ranks first in terms of release, followed by West Bengal and Andhra Pradesh.
2. PM Modi announces a Rs 23,000 crore package for COVID-19 emergency response.
- Prime Minister Narendra Modi announced that a fresh package worth over Rs 23,000 crore has been approved to bolster the fight against COVID.
- In all of the country’s districts, appropriate provisions such as paediatric care units to ICU beds, oxygen storage, ambulances, and medicines will be provided.
3. The Union Cabinet has approved a Memorandum of Understanding between the CCI and the JFTC to promote and expand cooperation in the area of competition law and policy.
- The Union Cabinet has authorised a Memorandum of Collaboration (MoC) between the Competition Commission of India (CCI) and the Japan Fair Trade Commission (JFTC) to promote and deepen competition law and policy cooperation.
- Through information interchange, the approved MoC will allow CCI to replicate and learn from the experiences and lessons of its Japanese counterpart competition agency, resulting in increased efficiency.
4. Ladakh and the Himalayan Forest Research Institute (HFRI) have signed a memorandum of understanding (MOU) for the increase of forest cover in the region.
- The Himalayan Forest Research Institute (HFRI) and the Union Territory of Ladakh have signed a Memorandum of Understanding (MoU) for forest cover development in the region.
- HFRI would research and select suitable plant species to expand forest cover in Ladakh, as well as assist in capacity building through grass-roots training programmes. A regional HFRI centre in Ladakh is also in the works, depending on demand.
5. In Gulmarg, the Indian Army has named a firing range after Vidya Balan.
- One of the Indian Army’s firing ranges in Kashmir has been named after Bollywood actress Vidya Balan.
- The Vidya Balan firing range is located in Gulmarg, Jammu & Kashmir’s Baramulla district.
6. Capt Gurjinder Singh Suri’s war memorial is dedicated by the Indian Army.
- The Indian Army unveiled a battle memorial in Gulmarg near the Line of Control on the anniversary of Captain Gurjinder Singh Suri’s birthday, who died during the operation “Birsa Munda” in 1999. (LOC).
- In November 1999, a Bihar battalion of the Indian Army carried out Operation Birsa Munda, a punitive operation against a Pakistani garrison. Although Operation Vijay was coming to an end, the Line of Control remained active, with periodic incidences of cross-Line of Control fighting.
International News
7. According to the OECD, the epidemic cost the world 11.4 crore jobs.
- In a research, the Organisation for Economic Co-operation and Development (OECD) estimates that 11.4 crore jobs were lost globally due to the COVID-19 epidemic.
- It went on to say that by the end of 2020, roughly 2.2 crore employment in industrialised countries would have vanished. According to the OECD, there are still more than 80 lakh persons unemployed than there were before the COVID-19 pandemic.
Banking & Finance News
8. Under the RIDF scheme, NABARD has sanctioned a sum of 2891.15 lakh to Goa.
- The Government of Goa has received a loan from NABARD under the Rural Infrastructure Development Fund (RIDF) for the construction of Phase II of the Goa Dental College and Hospital in Bambolim, Goa.
- The project will be a state-of-the-art ‘Dental Hospital’ for serious dental care as well as an overall increase in people’s health standards.
9. Aeldra offers a one-of-a-kind ‘Zero Fee’ bank account to Indian students studying in the United States.
- Aeldra Financial Inc., a Silicon Valley-based pioneering ‘digital neo bank,’ is offering a unique U.S. bank account with a Mastercard Global Debit Card that can be opened and operated from India, even before students get an F-1 visa, to cater to Indian students preparing for admissions in the United States.
- Before they leave for the United States, students can fund the account and receive the debit card, ensuring that they have a functional U.S. bank account.
10. To sell insurance products, Bajaj Allianz General has partnered with Bank of India.
- A corporate agency agreement has been signed between Bajaj Allianz General Insurance and Bank of India.
- This will allow Bajaj Allianz General Insurance’s products to be distributed across the country through the bank’s wide network of 5,084 branches, 80 retail business centres, and 60 SME city centres.
11. The Reserve Bank of India has asked banks to switch from LIBOR to alternative reference rates by December 31.
- For new financial contracts, the Reserve Bank has asked banks and financial institutions to use any widely acknowledged alternative reference rate (AAR) instead of LIBOR (London Interbank Offered Rates).
- The RBI has also urged financial institutions to stop using the Mumbai Interbank Forward Outright Rate (MIFOR), a LIBOR-based benchmark, by December 31, 2021 at the latest.
Business & Economy News
12. Retail and wholesale trade are included in the government’s definition of MSMEs.
- The Reserve Bank of India (RBI) has announced that retail and wholesale trading will henceforth be included in the MSME (micro, small, and medium company) category.
- The announcement comes only days after the Centre announced that both of the above-mentioned groups will be classified as MSMEs.
13. SIDBI implements a variety of development initiatives for MSMEs.
- On World MSME Day, June 27, 2021, the Small Industries Development Bank of India (SIDBI) announced a number of development initiatives for MSMEs.
- SIDBI has soft-launched the “Swavalamban Chair for MSME Solutions” at Government Engineering College, Thrissur, as part of its SAHAS project, which is supported by the Swavalamaban Resource Facility, which was set up in partnership with the Foreign, Commonwealth, and Development Office of the United Kingdom.
14. NCDEX introduces two agri-commodities sectoral indices.
- NCDEX Guarex and NCDEX Soydex are two agriculture-focused commodity indices developed by the National Commodity Derivatives Exchange (NCDEX).
- Guarex will watch price movement in its underlying Guar Seed and Guar Gum Refined Splits futures contracts in real time.
15. ASCI has teamed up with the Food Safety and Standards Authority of India (FSSAI) to combat false claims in food and beverage advertisements.
- The Advertising Standards Council of India (ASCI) and the Food Safety and Standards Authority of India (FSSAI) have struck an agreement to protect consumers against misleading claims in food and beverage (F&B) marketing.
- According to the agreement, ASCI will identify advertisements that appear to be in violation of the Food Safety And Standards (Advertising And Claims) Regulations, 2018, and the Food Safety and Standards Authority of India (FSSAI) would investigate further.
Appointments
16. The Asian Cup for Women will be held in Mumbai and Pune in 2022.
- The Asian Football Confederation has dropped Bhubaneswar and Ahemdabad as venues for next year’s women’s Asian Cup in India in order to reduce travel time for participants and guarantee a “optimum environment” for a bio-secure bubble.
- The new venues are the Mumbai Football Arena in the Andheri Sports Complex and the Shiv Chhatrapati Sports Complex in Balewadi, Pune.
17. Manu Sawhney, the CEO of the International Cricket Council, has resigned amid an investigation into his conduct.
- Manu Sawhney, the CEO of the International Cricket Council (ICC), resigned four months after his reportedly “abrasive conduct” was investigated during an internal review, causing the international body to place him on leave.
- Acting CEO Geoff Allardice will be backed by the Leadership Team, which will work closely with the ICC Board.
Sports News
18. The Asian Cup for Women will be held in Mumbai and Pune in 2022.
- The Asian Football Confederation has dropped Bhubaneswar and Ahemdabad as venues for next year’s women’s Asian Cup in India in order to reduce travel time for participants and guarantee an “optimum environment” for a bio-secure bubble.
- The new venues are the Mumbai Football Arena in the Andheri Sports Complex and the Shiv Chhatrapati Sports Complex in Balewadi, Pune.
Awards & Honours
19. The Humboldt Research Award has been given to Indian economist Kaushik Basu.
- The Humboldt Research Award for Economics was given to Indian economist Kaushik Basu. Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany, presented him with the prize.
- Basu is a professor of Economics at Cornell University and was previously the World Bank’s chief economist. From 2009 to 2012, he also served as the Indian government’s chief economic advisor.
Obituary News
20. Screenwriter-filmmaker Kumar Ramsay has died.
- The eldest of the Ramsay Brothers, screenwriter and filmmaker Kumar Ramsay, died after a heart arrest. He was 85 years old at the time.
- During the 1970s and 1980s, the Ramsay Brothers production house, which featured seven brothers — Kumar, Keshu, Tulsi, Karan, Shyam, Gangu, and Arjun — controlled the horror genre, making low-budget cult films.
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