Current Affairs Quiz 1st July 2022 : Daily GK Update

Exp. Telangana government inaugurated T-Hub 2.0, innovation centre in Hyderabad

Telangana Chief Minister K Chandrashekar Rao inaugurated T-Hub 2.0, the world’s largest innovation campus in Hyderabad.

The facility will support over 2,000 startups under one roof, with a total built-up area of 5,82,689 square feet, making it the world’s largest innovation campus. T-Hub will provide young Indians to launch their startups with a collaborative innovation ecosystem.

T-Hub was founded to bring together the best talent from across the country to nurture a startup ecosystem, but it had become a national role model. It has impacted 2,000 entrepreneurs and witnessed funding of 1.19 billion dollars for startups.

About Telangana

• Capital- Hyderabad
• Chief Minister- K Chandrashekar Rao
• Governor- Tamilisai Soundararajan

Exp. Maharashtra government approved renaming of Aurangabad, Osmanabad

The renaming of the cities Aurangabad and Osmanabad was agreed by the Maharashtra state cabinet. Both places will now be called Sambhaji Nagar and Dharashiv, respectively.

Additionally, DB Patil International Airport will now be known as  DB Patil International Airport

Recently Name Changed

• Aurangabad – Sambhaji Nagar
• Osmanabad – Dharashiv
• Navi Mumbai Airport – DB Patil International Airport
• Miyan Ka Bada – Mahesh Nagar Halt
• Yes Mutual Fund – White Oak Capital Mutual Fund
• Kevadia Railway Station – Ekta Nagar Railway Station
• Jhansi Railway Station – Veerangana Laxmibai Railway Station
• Jawaharlal Nehru Road – Narendra Modi Marg 2022

Exp. India’s Tata Motors partnered with Japan’s Renesas to develop chip solutions

India’s Tata Motors and Japanese chipmaker Renesas Electronics Corp have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets.

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G.

About Tata Motors

• Founded – 1945
• Founder – Jehangir Ratanji Dadabhoy Tata
• Headquarters – Mumbai, Maharashtra
• Chairman – Natarajan Chandrasekaran

Exp. Sandeep Kumar Gupta to be next chairman of GAIL, succeeds Manoj Jain

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.

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.

About GAIL India Ltd.

• Founded -1984
• Headquarters – New Delhi
• Chairman & MD – Manoj Jain

Exp. KK Venugopal re-appointed Attorney General of India for 3 months

Celebrated advocate KK Venugopal, was re-appointed the Attorney General for India for three months.

Venugopal, the oldest person to occupy the post, was appointed as the Attorney General for India in July 2017, succeeding Mukul Rohatgi. The attorney general usually has a tenure of three years.

1st Attorney General of India -Motilal C. Setalvad

He was an Additional Solicitor General of India between 1979 and 1980 and a recipient of Padma Bhushan in 2002 and Padma Vibhushan in 2015.

Recent Appointment

• Acting President of IOA – Anil Khanna
• President of India International Centre – Shyam Sharan
• Chairman of Reliance Jio Infocomm- Akash Ambani
• Additional directors of Jio Infocomm – Raminder Singh Gujral & KV Choudhary
• MD of Jio Infocomm – Pankaj Mohan Pawar

Exp. Odisha government won first prize in National MSME Award 2022

The Micro, Small and Medium Enterprises (MSMEs) Department, Government of Odisha has been awarded first prize in the categsory “National MSME Award 2022 to States/UTs for outstanding contribution in the promotion and Development of MSME Sector” by virtue of various developmental initiatives taken up for the development of MSMEs. Bihar and Haryana were 2^nd & 3^rd respectively.

Kalahandi has been awarded third prize in the category “National MSME Award 2022 to Aspirational districts for outstanding contribution in the promotion and Development of MSME Sector”

Exp. India successfully tested high-speed expendable aerial target Abhyas from the Odisha Coast

India has successfully flight-tested the indigenously developed high-speed expendable aerial target – ABHYAS, from the Integrated Test Range (ITR) in Chandipur off the Odisha coast.

ABHYAS is designed and developed by Aeronautical Development Establishment of Defence Research and Development Organization (DRDO).

The aircraft is programmed for a fully autonomous flight, meaning that it flies under the control of automatic systems and needs no intervention from a human pilot.

During the test flight, the aircraft was flown from a ground-based controller to examine its manoeuvrability and performance at low altitudes. The air vehicle was launched using twin under-slung boosters during the demonstration, which provided initial acceleration. It is powered by a small gas turbine engine for endurance flights at high subsonic speed.

About Defence Research and Development Organization (DRDO)

• Founded – 1 January 1958
• Headquarters – New Delhi
• Chairman – G. Satheesh Reddy
• Motto – Strength’s Origin is in Knowledge

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

The 9th Army to Army Staff Talks (AAST) between the Australian Army and Indian Army were conducted in Dehradun.

AAST focused on joint military exercises, training cooperation and preparing a roadmap for enhanced Defence Cooperation between both the Armies.

Exp. 4th Synergy Conference between Indian Army and Defence Accounts Department in New Delhi

Fourth Synergy Conference between Indian Army and Defence Accounts Department (DAD) was held in New Delhi.

The day-long conference was co-chaired by Vice Chief of Army Staff (VCOAS) Lt Gen BS Raju & Controller General of Defence Accounts (CGDA) Shri Rajnish Kumar and attended by senior officers of Indian Army and DAD.

The primary agenda of the conference included deliberations on AGNIPATH scheme and the schedule for timely implementation of a system for pay and allowances for Agniveers.

Other agenda items included improving the functioning of Pay and Accounts Offices (PAOs) for better service delivery to Junior Commissioned Officers/Other Ranks of the Indian Army.

Exp. ISRO launched rocket PSLV-C53, carrying 3 Singapore satellite

Indian Space Research Organization (ISRO) has successfully launched three Singaporean satellites from the Second Launch Pad at Satish Dhawan Space Centre, Sriharikota.

The spacecraft will deploy the three missions in Low Earth Orbit (LEO) at an altitude of 570 km measured from the equator. This is the 55th mission of PSLV and the 15th mission using the PSLV-Core Alone variant. It is the 16th PSLV launch from the second launch pad.

PSLV-C53 (PSLV stands for Polar Satellite Launch Vehicle) is the second dedicated commercial mission of NewSpace India Limited (NSIL), the commercial arm of ISRO

NewSpace India Limited (NSIL) a corporate arm of the Department of Space (DOS) is launching the mission under its agreement with Singapore in what is the second commercial mission for the body.

About Indian Space Research Organization (ISRO)

• Founded – 15 August 1969
• Headquarters – Bengalore, Karnataka
• Founder and 1st Chairman – Vikram Sarabhai
• 10th Chairman – S Somanath

Exp. NASA launched CAPSTONE to evaluate new orbit for Artemis Moon Missions

NASA launched a microwave oven-sized CubeSat to the Moon, which has set in motion its Artemis program that aims to return humans to the lunar surface.

Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE) has launched on top of a Rocket Lab Electron rocket Launch Complex 1 on the Mahia Peninsula of New Zealand.

It will serve as the first spacecraft to test a unique, elliptical lunar orbit and act as a pathfinder for Gateway, a Moon-orbiting outpost part of the Artemis program. Capstone will help reduce the risk for future spacecraft by validating innovative navigation technologies and verifying the dynamics of this unique, halo-shaped orbit.

About National Aeronautics and Space Administration (NASA)

• Founded – 1958
• Headquarters – Washington, D.C
• 14th Administrator – Bill Nelson
• Motto – For the Benefit of All

Exp. 1 July –74th National Chartered Accountants'(CA) Day

Chartered Accountants’ (CA) day is celebrated annually on 1 July with an aim to commemorate the findings of the Institute of Chartered Accountants of India (ICAI) by Parliament in 1949.

The ICAI is the only licensing and regulatory body for the profession of accounting and financial auditing in India. Every finance and accounting organization including National Financial Reporting Authority (NFRA) is required to follow the recommendations of accounting standards made by them.

Exp. 1 July – International Fruit Day

1st July is celebrated as International fruit day to all over the world.

This International fruit day was first announced in 2007 and celebrated at the Wall Park in Berlin, Germany.

Objective -To share fruits in sympathy and joy with family, friends or needy people.

International Fruit Day addresses to all people who create and preserve positive living conditions.

Fruit of The Year 2022 is blackberry and the motto is Fruitful Peace.

2022 – Blackberry (Fruitful peace)

2021 – Watermelon (Create change together)

2020 – Mandarin (Take a fruit break)

2019 – Papaya (Flirt with more fruit)

2018 – Kiwi (Cherish others)

Exp. 1 July – National Doctors Day

India celebrates National Doctors’ Day on July 1 every year to honour the birth and death anniversary of great physician and second chief minister of West Bengal, Dr Bidhan Chandra Roy.

This day serves to show gratitude to all those doctors who have selflessly aided us in our time of need and tirelessly worked for the health of their patients.

Doctor’s Day is not just celebrated in India but also in different countries, however, on different dates. In the United States it is observed on March 30, in Cuba on December 3 and in Iran, it is celebrated on August 23. First time the Doctor’s Day was observed in March 1933 in the US state of Georgia.

Theme 2022 – Family Doctors on the Front Line

Exp. 1 July – SBI Foundation Day

State Bank of India Foundation Day has celebrated on 1st July. It is the 66th foundation day.

State Bank of India (SBI) is the oldest commercial bank in the country and was founded pre-independence as the Bank of Calcutta in 1806. SBI Foundation Day celebrates the foundation of the bank in the year 1955.

State Bank is a public sector bank and the 43rd largest bank in the world.

About State Bank of India (SBI)  

• Founded – 1 July 1955
• HQ – Mumbai, Maharashtra
• Chairman – Dinesh Kumar Khara
• Managing Director – (4) Alok Kumar Choudhary, Swaminathan Janakiraman, Challa Sreenivasulu Setty, and Ashwini Kumar Tewari
• Imperial Bank of India was previous name of SBI
• The presidency Banks of Bengal, Bombay and Madras with merged in 1921 to Imperial Bank of India. ✓
• Tagline of State Bank of India

(1) Pure Banking Nothing Else

(2) With you all the way

(3) A bank of the common man

(4) The banker to every Indian

(5) The Nation banks on us

Exp. 1 July – GST Day (Goods & Services Tax)

1 July 2017 GST to be applicable across India.

France 1st country to implement GST in 1954.

Assam was the 1st state to ratify the GST Bill.

The 1st state to pass State GST Bill is Telangana.

Indian GST Follows Canadian Dual Model.

Constitution Amendment Bill (115th) to GST introduced in the Lok Sabha

GST Amendment Act – 101st

Constitutional Bill – 122nd

GST Council (Article 279A)

Headed By – Union Finance Minister