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Daily Current Affairs 11th July 2023 Daily GK Update
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National News
India’s first Vedic-themed park unveiled in Noida
- India’s first Vedic-themed Park has been opened to the public in Noida’s Sector 78, inaugurated by Uttar Pradesh CM Yogi Adityanath.
- Known as the Ved Van Park, the place is home to over 50,000 plants, such as banyan, kalpavriksha, and coconut, which have been mentioned in Vedic literature.
- It will also highlight excerpts from the four Vedic literature pieces- Rig Veda, Atharva Veda, Yajur Veda, and Sama Veda- via laser shows, wall paintings, and sculptures.
- Reportedly built with a budget of Rs 27 crores. The park aims to accomplish a dual objective by both educating and entertaining its visitors.
- The park is divided into seven zones, each named after renowned Vedic sages: Kashyap, Agastya, Vishvamitra, Vasishtha, Atri, Gautam, and Bharadwaj.
- Within the park, visitors can explore informative displays featuring holy scriptures that delve into the lives of these sages and the teachings of the Vedas.
- Furthermore, the walls of the park are adorned with vivid depictions portraying scenes from the Vedas. It is also home to a gym and an amphitheater, both powered by solar energy.
- The park also features a Vedic Knowledge Centre, serving as a central hub for delving into the depths of Vedic literature. Visitors can participate in workshops and attend lectures on various subjects, including Vedic astrology, Ayurveda, and traditional Indian music.
About Uttar Pradesh
- Capital – Lucknow
- Chief Minister – Yogi Adityanath
- Governor – Anandiben Patel
Foreigners in Maharashtra jails can make video calls to their families
- The Maharashtra Prisons Department has launched a “video call” facility for foreign nationals lodged in different jails across the state.
- According to the order, foreign nationals including convicts and undertrials lodged in different jails of the state would be allowed to make video calls (to their family members and lawyers) for 15 minutes in two weeks, through the ‘E-prison’ system developed by the central government.
- The video call facility, however, will not be available to Pakistani and Bangladeshi nationals, along with those facing terorrism charges.
- Indian nationals lodged in these prisons have already been using the ‘E-prison’ system for making calls to their family members and lawyers. Now, the same facility has been made available to foreign nationals in prisons.
- As on May 31, 2023, there are as many as 637 foreign nationals — 523 men and 114 women — from 44 countries lodged in different jails across Maharashtra. Of them, 605 foreigners — 494 men and 111 women — are undertrials in different offences, while 32 — 29 men and three women — are convicts.
- The maximum number of foreigners lodged in these jails are from Bangladesh, followed by Nigeria and Nepal.
About Maharashtra
- Capital – Mumbai
- Chief Minister – Eknath Sindhe
- Deputy CM – Devendra Fadnavis & Ajit Pawar
- Governor – Ramesh Bais
PM Modi launches development projects in Varanasi
- Prime Minister Narendra Modi has inaugurated and laid the foundation stone of 29 development projects worth over 12,110 crore rupees in Varanasi.
- He inaugurated 19 projects worth 10,720 crore rupees and laid the foundation stone of 10 projects of 1389 crore rupees.
- Modi dedicated the Pandit Deendayal Upadhyaya Junction-Sone Nagar railway line of the Dedicated Freight Corridor built at a cost of over Rs 6,760 crore.
- He also inaugurated three railway lines and widening to four-lanes of Varanasi-Jaunpur section of NH-56.
- PM Modi laid the foundation stone for construction of 3 two-lane rail over bridges, construction and renovation of 15 PWD roads, redevelopment of Manikarnika and Harishchandra ghats and floating changing room ghats at six ghats and 192 rural drinking water schemes under Jal Jeevan Mission.
PM Modi in News
- PM inaugurates Sai Hira Global Convention Centre in Puttaparthi in Andhra Pradesh.
- PM Modi inaugurates National Sickle Cell Anemia Eradication Mission 2047 in Lalpur village of Madhya Pradesh
- PM Modi inaugurated 17th Indian Cooperative Congress in New Delhi
- PM Modi chairs 42ndPRAGATI interaction
- PM Modi inaugurated first-ever National Training Conclave in New Delhi
Odisha CM launches ‘Ama Pokhari’ to rejuvenate water bodies
- Odisha Chief Minister Naveen Patnaik has launched ‘Ama Pokhari Yojana’.
- Under the scheme, about 2,000 large water bodies spread over 115 urban areas in the State will be renovated for public, the work for which will be undertaken in partnership with Mission Shakti Women Self-Help Groups and educated youths of the State.
- These renovated ponds will be used as recreation centres for the people and will provide a healthy atmosphere.
- The state government would invest 120 crore rupees in the implementation of the initiative.
- The project will be implemented using natural and organic methodology to improve the climate of surrounding areas.
About Odisha
- Capital – Bhubaneswar
- Chief Minister – Naveen Patnaik
- Governor – Ganeshi Lal
India & Tanzania begin trade settlements in local currencies
- India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries.
- India-Tanzania bilateral trade has seen very strong growth and stood at USD 6.4 billion in 2022-23.
- This is not only a very substantial bilateral trade, but it’s also actually a bilateral trade, which is getting increasingly balanced. Many new products are being added to the trade baskets. India remains the biggest destination for Tanzanian exports.
- Bank of India, Bank of Baroda, and Canara Bank have operations in Tanzania.
- About 18 countries have already opened special vostro accounts with Indian banks.
About Tanzania
- Capital– Dodoma
- Currency– Tanzanian shilling
- President- Samia Suluhu Hassan
S Jaishankar files nomination for Rajya Sabha elections from Gujrat
- External Affairs Minister S Jaishankar has filed his nomination papers for elections to the Rajya Sabha from Gujarat.
- Four years ago, Jaishankar had filed his nomination for the first time from Gujarat for the Rajya Sabha.
- Out of the 11 Rajya Sabha seats from Gujarat, eight are currently held by the BJP and the rest by the Congress.
- Of the eight seats held by the BJP, the terms of S Jaishankar, Jugalji Thakor and Dinesh Anavadiya will end on August 18. Polls will be held for these three seats.
- The last date for filing nominations is July 13 and the candidates can withdraw their nomination till July 17.
International News
China launched its computer operating system
- China has launched its first homegrown open-source operating system named Openkylin for computers.
- The country steps up efforts to cut reliance on US technology.
- The OpenKylin 1.0 was developed by a group of Chinese companies led by China Electronics Corp, the country’s largest State-owned comprehensive electronic information enterprise group.
- It is based on the existing open-source Linux operating system, China’s version was built by a community of about 4,000 developers and is used in its space programme and industries such as finance and energy.
- The system has been designed as a rival to the ubiquitous Windows and MacOS systems.
- Previous versions of the software had already been deployed on the computers of some government departments.
About China
- Capital – Beijing
- Currency – Yuan
- President – Xi Jinping
Banking and Financial
PNB launches its virtual branch in the Metaverse
- State-owned Punjab National Bank (PNB) has launched the virtual branch, PNB Metaverse.
- It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers.
- With the help of this, customers can explore the bank’s products and services such as bank deposits, retail/MSME loans, digital products, women/senior citizens, ‘Do It Yourself’, and government flagship schemes.
- PNB has developed the Bank’s Metaverse Branch, where its esteemed customers will get exclusive access to its virtual environment from the comfort of their home or office through their mobile phones and laptops.
- In addition, the bank will offer an immersive 3D experience to the customers while performing traditional banking activities through their digital avatars.
About Punjab National Bank (PNB)
- Founded – 12 April 1894
- Founder – Dyal Singh Majithia and Lala Lajpat Rai
- Headquarters – New Delhi
- MD & CEO – Atul Kumar Goel
- Tagline – The Name You can Bank Upon
IBA sets up a group to implement the RBI committee recommendations on ARCs
- The Indian Banks’ Association (IBA) has constituted a five-member working group for implementing the recommendations of the Reserve Bank of India’s committee on the “working of the Asset Reconstruction Companies (ARCs)”.
- The Group comprises Ajit Kumar (MD and CEO of Secondary Loan Market Association), Hari (CEO of Association of ARCs in India), Mythili Balasubramanian (Executive Director of Edelweiss ARC), Dharmendra Pali (senior officials from SBI) and Anupama Ranade (senior officials from ICICI Bank).
- The Group has been constituted at the behest of the RBI. The central bank wants IBA and SLMA to take appropriate measures for early implementation of the committee’s recommendations in consultation with the lenders and ARCs.
- In light of the committee’s recommendations aimed at enabling ARCs to fulfill the increasing demand of the financial sector, the working group will undertake a thorough review of assignment agreements and trust deed templates.
- IBA is expected to provide a model process document to lenders for ensuring certainty and transparency in auctions conducted by them.
- RBI had set up a committee to undertake a comprehensive review of the working of ARCs under the chairmanship of Sudarshan Sen, former ED, RBI, on April 28, 2021. The report of the committee was released on November 2, 2021.
Recent Committees
- Chairman of the research advisory committee of ICAR; Headed by – B Neeraj Prabhakar
- Government sets up panel to recommend reforms in arbitration law; Headed by – T K Vishwanathan (Former law secretary)
- Centre constitutes peace committee in Manipur; Chaired by the governor of Manipur
- Government sets up 3-member panel to probe Manipur Violence; Headed by Ajai Lamba (former CJ of the Gauhati HC)
- SEBI formed an Intermediary Advisory Committee to advise the market regulator on changes in the legal framework; chaired by -S Ravindran
Appointment and Resignation
K. Rajaraman appointed as new chairperson of IFSCA
- The government has appointed senior bureaucrat and telecom secretary K Rajaraman as the next Chairperson of the International Financial Services Centres Authority (IFSCA).
- Rajaraman is an Indian Administrative Service officer of the 1989 batch.
- His appointment is for a period of three years. He succeeds the first IFSCA Chairperson Injeti Srinivas who led the authority since 2020.
- Rajaraman’s term will be for three years from the date of his assumption of charge of the post, or till attaining the age of 65 years, or until further orders, whichever is the earliest.
- IFSCA was set up in April 2020 under the International Financial Services Centres Authority Act, 2019, at GIFT City, Gandhinagar in Gujarat.
- IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC).
- At present, the GIFT IFSC is the maiden international financial services centre in India. Prior to the establishment of IFSCA, RBI, SEBI, PFRDA and IRDAI regulated the business in IFSC.
Recent Appointment in Banking & Insurance Sector
- CEO of Financial Planning Standards Board (FPSB) – Krishna Mishra
- MD & CEO of UK-based Lloyds Banking Group – Sirisha Voruganti
- Executive Director by RBI – P Vasudevan
- Chief Financial Officer (CFO) of SBI – Kameshwar Kodavanti (replace Charanjit Surinder Singh Attra)
- MD & CEO of Bank of Baroda – Debadatta Chand
Defence
7th edition of SALVEX exercise conducted in Kochi
- The Seventh edition of the Indian Navy – US Navy (IN – USN) Salvage and Explosive Ordnance Disposal (EOD) exercise, SALVEX was conducted at Kochi.
- IN and USN have been participating in joint Salvage and EOD exercises since 2005.
- Objective – To enhance the skill sets of the Diving teams in a number of diverse disciplines such as mine detection and neutralization, wreck location, and salvage.
- The exercise saw participation from both the navies which included the ships – INS Nireekshak and USNS Salvor in addition to Specialist Diving and EOD teams.
- The Diving teams of both countries shared experiences on Maritime Salvage and trained together in various facets of EOD Operations on land as well at sea.
- SALVEX also saw conduct of joint training exercises towards enhancing interoperability, cohesiveness and gaining from best practices mutually in Maritime Salvage and EOD operations.
Recent Exercise
- 7th edition of Japan-India Maritime Exercise 2023 (JIMEX 23) – Visakhapatnam
- Indian Army participates in multinational exercise ‘Khaan Quest 2023’ –
- 12th edition of “Ex Ekuverin” between Indian & Maldives – Chaubatia, Uttarakhand.
- AL MOHED AL HINDI 2023 Naval Exercise between India & Saudi Arabia – Saudi Arabia –
- Exercise Jal Rahat between Indian Army’s Gajraj and Joint Flood Relief – Hagrama Bridge (Manas River), Assam.
Science
Voyager Space signs MoU with NewSpace India Limited
- Voyager Space has signed an MoU with New Space India Limited (NSIL) to foster collaboration in spacecraft launch and deployment opportunities on board NSIL’s Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV).
- NSIL is the commercial arm of the Indian Space Research Organisation (ISRO).
- Under this MoU, Voyager Space and NSIL will explore launch and deployment opportunities for small satellites orbited by SSLV and PSLV.
- The two organizations will also study the use of space-qualified components from NSIL in support of spacecraft manufacturing, deployment, operations, and other areas of interest.
- This partnership is a unique opportunity as we join forces to drive innovation and advancement in the small satellite launch industry. We look forward to growing Voyager’s presence in India and providing additional opportunities for our customers.
Recent MoUs
- Defense ministry signs with HAL to upgrade Dornier Aircraft for ICG
- GE Aerospace signs MoU with HAL to produce fighter jet engines
- ICAR signed MOU with Amazon Kisan to empower farmers
- NHPC signs MoU with Maharashtra for renewable energy projects
- Microsoft, AirJaldi Networks collaborate to provide internet access
Sports
Max Verstappen won British Grand Prix 2023
- Red Bull’s driver, Max Verstappen has clinched F1 2023 British Grand Prix title, held at the Silverstone Circuit, England.
- Lando Norris for McLaren placed second and Mercedes’ Lewis Hamilton placed third on the podium.
- 2023 is the 74th season of the F1 world championship.
Recent Grand Prix Winner
- Austrian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Canadian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Spanish Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Monaco Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Miami Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Australian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Bahrain Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Saudi Arabian Grand Prix 2023 – Red Bull’s Sergio Pérez (Mexico)
- Azerbaijan Grand Prix 2023 – Red Bull’s Sergio Pérez (Mexico)
Lakshya Sen wins Canada Open
- Indian Badminton player Lakshya Sen defeated China’s Li Shi Feng to clinch the men’s singles title at the Canada Open 2023.
- The 21-year-old Lakshya Sen triumphed over the reigning All England Champion Li Shi Feng by winning the first set by 21-18 and the second set by 22-20.
- A Commonwealth Games gold medalist, Lakshya Sen secured his second BWF World Tour after winning the Indian Open in 2022.
- Lakshya Sen went on to win his second Super 500 title of his career after the India Open, beating the reigning All-England champion.
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