Current Affairs 2019 | Daily GK Updates : 1 July 2019 Daily Current Affairs 2019
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National (Current Affairs)
♦ Govt launches ‘Jal Shakti Abhiyan’ for water conservation
- Union Government has launched Jal Shakti Abhiyan to create awareness on the benefits of water conservation and declining sources of water in the country.
- Launching the initiative in New Delhi Monday evening, Jal Shakti Minister Gajendra Singh Shekhawat said, water conservation is now a national priority and it is time to make water conservation a people’s movement.
- He requested the people to associate themselves with Jal Shakti Abhiyan. Shekhawat said, every one should make efforts to save the country from the threat of water scarcity.
- The Minister said, per capita water availability has dropped a lot in India and India is also one of the most vulnerable countries to climate change.
♦ Ministry of AYUSH signed MOU between with Ministry of Electronics and Information Technology
- Ministry of AYUSH (MOA) and Ministry of Electronics and Information Technology (MeitY) have signed MOU at New Delhi today for collaborating with each other for digitization of AYUSH Sector. MeitY has agreed to advise and give technical support to MOA for planning and development of AYUSH GRID Project.
- In pursuance to the National Health Policy 2017 and e-governance initiative of Ministry of AYUSH aims to digitize the entire AYUSH leading to transformation in field of health care delivery at all levels, in addition to greater research, education, delivery of various healthcare programmes and better drug regulations.
♦ Money in Swiss banks: India ranked 74
- India was ranked 73rd last year, after jumping from its 88th rank a year ago.
- India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the U.K. has retained its top position, as per data released by the central banking authority of the Alpine nation.
- India was ranked 73rd last year, after jumping from its 88th rank a year ago.
Note- About Swiss bank
- Headquarters: Basel, Switzerland
- Founded: 1872
- Fate: Merged with Union Bank of Switzerland to form UBS
Banking and Financial
♦ GST collections in June fall to Rs 99,939 cr, down from Rs 1 trn in May
- In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to ₹ 99,939 crore, down from over ₹ 1 lakh crore in the previous month, the finance ministry said on Monday.
- While the GST collections in June were lower than ₹ 1,00,289 crore in May, they were higher than ₹ 95,610 crore receipts in the same month of the previous year.
- The collections comprise of receipts by both the Centre and State governments of GST, which had two years back amalgamated 17 different indirect tax levies.
♦ Government of India and the World Bank have signed a loan agreement of $250 million for the Resilient Kerala Programme
- The Government of India, Government of Kerala, and the World Bank have signed a loan agreement of $250 million for the Resilient Kerala Programme.
- The Development Policy Loan (DPL) agreement was signed in New Delhi on Friday by Sameer Kumar Khare on behalf of the Union government; Manoj Joshi, Additional Chief Secretary, Finance, Kerala; and Junaid Ahmad, Country Director, World Bank India.
Note- About Kerala
- Capital: Thiruvananthapuram
- Chief minister: Pinarayi Vijayan
♦ RBI relaxes leverage ratio for banks to boost their lending capacity
- The Reserve Bank Friday relaxed the leverage ratio (LR) for banks to help them boost their lending activities.
- The leverage ratio stands reduced to 4 per cent for Domestic Systemically Important Banks (DSIBs) and 3.5 per cent for other banks effective from the quarter commencing October 1, 2019, the central bank said in a notification.
- “Both the capital measure and the exposure measure along with Leverage Ratio are to be disclosed on a quarter-end basis. However, banks must meet the minimum Leverage Ratio requirement at all times,” RBI said.
- The leverage ratio, as defined under Basel-III norms, is Tier-I capital as a percentage of the bank’s exposures. The framework is designed to capture leverage associated with both on- and off-balance sheet exposures.
- Earlier this month, RBI had said it has decided to harmonise LR in line with Basel III standards keeping in mind financial stability of financial firms.
♦ Natarajan takes over as Director-General of Coast Guard
- K. Natarajan took over as the Director-General of the Indian Coast Guard (ICG) on Sunday. He is the 23rd chief of India’s coastal security force.
- He took over form Rajendra Singh, who was the first Director-General to be appointed from within the force. Prior to taking over as D-G, Mr. Natarajan was the Coast Guard Commander, Western Seaboard.
♦ India signs Rs 200 crore anti-tank missile deal with Russia
- Seeking to keep itself battle-ready in situations like the one post-Balakot aerial strikes, India has signed a deal to acquire ‘Strum Ataka’ anti-tank missile from Russia for its fleet of Mi-35 attack choppers.
- “The deal for acquiring ‘Strum Ataka’ anti-tank missiles was signed with Russia under the emergency clauses through which the missiles would be supplied within three months of contract signing,” government.
- The deal for the missiles is worth around Rs 200 crore and would give an added capability to the Mi-35 attack choppers to take out enemy tanks and other armoured elements.
- The Mi-35s are the existing attack choppers of the Indian Air Force and are set to be replaced with the Apache gunships being acquired from the US and slated to be delivered from next month onwards.
Note- About Russia
- President: Vladimir Putin Trending
- Capital: Moscow
- Currency: Russian ruble
- Population: 14.45 crores (2017) World Bank
♦ Austrian Grand Prix: Max Verstappen won
- Red Bull’s Max Verstappen passed Charles Leclerc with two laps remaining to win a thrilling Austrian Grand Prix.
- The win was only confirmed three hours after the race finished following an investigation into whether Verstappen unfairly ran Leclerc off the track.
- Ferrari’s Leclerc seemed in control of the race after Verstappen made a bad start to drop from second to seventh.
- But Red Bull pitted Verstappen 10 laps later than Leclerc and Verstappen fought up from fourth to take the win.
♦ Caster Semenya won women’s 800m world title
- Caster Semenya easily won the women’s 800 at the Prefontaine Classic on Sunday, as an international court continues to debate her future in the event. The reigning Olympic champion and embattled three-time world champion won in 1 minute, 55.70 seconds, nearly three seconds ahead of second-place Ajee Wilson, in the highly anticipated race at Cobb Track and Angell Field. It’s the fastest time ever on American soil.
♦ 1 July National Doctors’ Day
- National Doctors’ Day is a day celebrated to recognize the contributions of physicians to individual lives and communities.
- National Doctor’s Day is celebrated to honour the legendary physician and the second Chief Minister of West Bengal, Dr. Bidhan Chandra Roy. Dr Roy was honoured with the country’s highest civilian award, Bharat Ratna on February 4, 1961.
- The celebration of the Doctors’ Day is an attempt to emphasise on the value of doctors in our lives and to offer them our respects by commemorating one of their greatest representatives.
♦ 2nd anniversary of GST to be celebrated 1st july as “GST Day”
- Second anniversary of implementation of historic tax reform of Goods & Services Tax as 1st July is celebrated as the “GST DAY”.
- Kicking off celebrations, the finance ministry will on Monday come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash ledger system and a single refund-disbursing mechanism, among others.
♦ 1st July CA day
- On July 1st, 1949, an act of Parliament gave birth to the Institute of Chartered Accountants of India (ICAI). Founded a year before the Constitution of the country was formalized, the ICAI counts itself among the oldest professional institutions in the country. It is the second largest professional accounting and finance body in the world in terms of members, with a current roster of about 2.5 lakhs members.
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