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Top Current Affairs 9th July 2021 at Freshers Wisdom

Freshers WisdomBy Freshers WisdomJuly 9, 2021
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Top Current Affairs of the day: Instantly obtain Latest Current Affairs with all essential info, Be the first to know all the Today Current affairs 9th July 2021 top news, Major Issues, Current News, Important events in National Current News as well as International level with clear explanation. For all competitive exams and Interviews, equip yourself with the Latest Current Affairs on 9th July 2021 granted here.

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Top Current Affairs

Ladakh and HFRI sign MoU

  • Ladakh and the Himalayan Forest Research Institute (HFRI) have signed an MoU for forest cover development in the region.
  • The MoU is an advisory arrangement without any financial and legal implications.
  • HFRI would study and identify the suitable plant varieties to increase the forest cover in Ladakh.
  • Ladakh has a target of 20 thousand hectares forest cover, initially in the urban areas.

Rs 5,000 crore grant to Karnataka under JJM

  • The Centre has allocated over Rs 5,000 crore grant to Karnataka under Jal Jeevan Mission in the year 2021-22.
  • It is nearly a four-fold rise than FY 2020-21.
  • The state has made the provision of tap water supply in every rural household by 2023.
  • In Karnataka, out of 91.19 lakh households, 29.96 lakh households (32.86 per cent) have been provided with tap water connections.

Karnataka to construct 9 lakh houses in 2 yrs

  • The Karnataka government has decided to construct 9 lakh houses in two years under different housing schemes in the state.
  • A subsidy of 1.75 lakh rupees to SC beneficiaries and 1.20 lakh to other categories of beneficiaries are being provided under the housing schemes of the government.
  • 6,200 crore rupees required to complete these housing projects will be released in a phased manner. 

India and Gambia sign MoU

  • The Department of Administrative Reforms and Public Grievances, India and Public Service Commission, Gambia have signed an MoU.
  • It is on refurbishing personnel administration and governance reforms.
  • Areas such as improving performance management system in government, implementation of contributory pension scheme and e-recruitment in government would be covered.

Military mission in Afghanistan to conclude

  • The United States military mission in Afghanistan will conclude on 31st August 2021.
  • In April 2021, President Biden had announced that the US will withdraw all remaining troops from Afghanistan by the 20th anniversary of the 9/11 terror attacks.
  • This is in an effort to end a deadly conflict that has cost trillions of dollars and the lives of more than 2,300 American troops.

Defence Ministry implements SPARSH

  • The Defence Ministry has implemented SPARSH, an integrated system for automation of sanction and disbursement of defence pension.
  • This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners without relying on any external intermediary. 
  • SBI and PNB, dealing with defence pensioners, have been co-opted as service centres.

RBI issues advisory to banks

  • The RBI has issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR).
  • Banks and financial institutions must avoid entering into new financial contracts that use LIBOR as benchmark.
  • RBI has further advised banks to cease using the Mumbai Interbank Forward Outright Rate.

India-UK Financial Markets Dialogue

  • India and the United Kingdom held the inaugural meeting of the India-UK Financial Markets Dialogue virtually on 8 July 2021.
  • The Dialogue was established at the 10th Economic and Financial Dialogue in October 2020 to deepen bilateral ties in the financial sector.
  • Discussions during the Dialogue were focused on four themes including banking and payments, insurance, and capital markets.

Cabinet approves MoU between ICoAl, ACCA

  • The Union Cabinet has approved the MoU between the Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), UK.
  • Both parties will initiate joint research relevant to the cost accountancy profession which could involve collaborative research in technical areas.
  • The Institute of Cost Accountants of India was first established in 1944.

MoC between CCI and JFTC approved

  • The Union Cabinet has approved the Memorandum on Cooperation (MoC) between the Competition Commission of India (CCI) and the Japan Fair Trade Commission (JFTC).
  • It has been approved to promote and strengthen cooperation in the matter of Competition Law and Policy.
  • The same will help improve enforcement of the Competition Act, 2002 by CCI. 

APMCs to use Rs 1 lakh cr agriculture fund

  • The Cabinet has given its approval to the modifications in the Central Sector scheme of financing facility under ‘Agriculture Infrastructure Fund.
  • The Agriculture Produce Market Committees (APMCs) will now be allowed to use the 1 lakh cr rupees Agriculture Infrastructure Fund.
  • For APMCs, interest subvention for a loan of up to  2 crore rupees will be provided for each project.

Coconut Development Board Act, 1979 amended

  • The Union Cabinet has approved amendments to the Coconut Development Board Act, 1979 to make it more efficient to carry out the activities of farming and production of coconut.
  • Now the Chairman of the Board will be a non-executive person.
  • The Board will now carry out the activities related to the development of coconut outside the country too.

COVID-19 Emergency Response Package approved

  • The Union Cabinet has approved a new scheme ‘India COVID-19 Emergency Response and Health System Preparedness Package: Phase-II amounting to Rs 23,123 crore for the financial year 2021-22.
  • It will be implemented from 1 July 2021 to 31 March 2022 with central and state share.
  • The Centre’s share of the project will be 15 thousand crore rupees and State’s share will be 8,123 crore rupees.

EAM Dr S Jaishankar to pay visit to Georgia

  • External Affairs Minister Dr. S Jaishankar will pay a two-day official visit to Georgia on 9 July 2021 at the invitation of the Vice Prime Minister and Foreign Minister of Georgia David Zalkaliani.
  • This will be the first visit of an Indian External Affairs Minister to independent Georgia.
  • He will have a bilateral meeting with his counterpart covering various aspects of bilateral relations.

Kerala reports 1st case of Zika virus

  • The first case of the Zika virus has been reported in Kerala.
  • A 24-year-old pregnant woman has been diagnosed with the mosquito-transmitted disease.
  • There are 13 other suspected cases of the virus from Thiruvananthapuram.
  • Symptoms in the woman included fever, headache, and red marks on her body.

Spent catalysts can be efficient for batteries

  • Scientists have shown that the spent catalysts from the energy industry work as an efficient bifunctional oxygen electrocatalyst and can catalyze the core reactions that facilitate the operation of metal-air batteries.
  • Scientists from the Centre for Nano and Soft Matter Sciences (CeNS) have demonstrated that the spent catalyst works as an efficient bifunctional oxygen electrocatalyst. 

Indian Army inaugurates a war memorial

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  • The Indian Army has inaugurated a war memorial in memory of Captain in Gulmarg near the Line of Control (LOC).
  • Captain Gurjinder Singh Suri had died during the operation “Birsa Munda” in 1999.
  • ‘Birsa Munda’ operation was a raid conducted against a Pakistani post by a Bihar battalion of the Indian Army in the month of November 1999.

Kaushik Basu awarded Humboldt Research Award

  • Indian economist Kaushik Basu has been awarded the Humboldt Research Award for Economics.
  • The award was conferred on him by Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany.
  • He has served as the Government of India’s chief economic advisor from 2009 to 2012.
  • Basu is also a recipient of the Padma Bhushan, the third-highest civilian award in India.

Firing range named after Vidya Balan

  • Actress Vidya Balan has achieved yet another feat as a military firing range in Gulmarg, Kashmir, has been named after the actress.
  • Honouring the varied accomplishments of Vidya, the Indian Army has named a military firing range in Gulmarg as the Vidya Balan Firing Range.
  • She has also become the only actor from 395 new invitees to join the Academy of Motion Pictures Arts and Sciences.

Madurai jasmine flowers exported to US, Dubai

  • For the first time ever, Geographical Indications (GI) certified Madurai jasmine and other traditional flowers were exported to the US and the UAE from Tamil Nadu on 8 July 2021.
  • The other flowers include button rose, lily, chamanthi, and marigold.
  • The flowers were sourced from Nilakottai, Dindigul, and Sathyamangalam, in Tamil Nadu, by Vanguard Exports, based in Coimbatore.

India’s GDP may make a modest recovery in Sept

  • India may see only modest improvement in economic activity in the September quarter of FY22 after a second wave of the pandemic held back the country’s economic rebound in the June quarter.
  • This was announced by Singapore-based DBS Bank in its report that was released on 8 July 2021.
  • The RBI has projected GDP to grow at 7.9% in the Septr quarter with full financial year growth at 9.5%.

Fin Ministry releases revenue deficit grant

  • The Department of Expenditure under the Finance Ministry has released the fourth monthly installment of post-devolution revenue deficit grants of ₹9,871 crores to 17 eligible states.
  • The grant is provided under Article 275 of the Constitution as per the recommendations of the Fifteenth Finance Commission.
  • These grants are meant to bridge the revenue deficit states face after devolution.

LIC to have the post of CEO and Managing Director

  • The Life Insurance Corporation of India will now have the post of Chief Executive Officer and Managing Director instead of the Chairman position.
  • The Centre will make changes to relevant rules.
  • The CEO and MD will be appointed by the Central Government under section 4 of the Act (LIC Act 1956), as per a gazette notification issued on 7 July 2021.

1st govt school to be part of satellite launch

  • A govt high school in Karnataka’s Malleshwaram is set to become the first state-run school in the country to be part of the program to launch a satellite.
  • The students of the Malleshwaram school will be involved in a program of launching 75 satellites as part of the 75th independence day celebrations.
  • It will be done with the help of the Indian Technological Congress Association and ISRO.

CBDT notifies new tax rules on goodwill

  • The Central Board of Direct Taxes (CBDT) has notified new rules on accounting of goodwill and the tax liability arising from such transactions.
  • The govt amended the Income Tax Act through Finance Act 2021 disallowing goodwill to be treated as an intangible asset and denied depreciation benefit on this.
  • Accordingly, businesses have to remove goodwill from the block of asset as on 1 April’20.

Mumbai to get aircraft refurbishment facility

  • A new aircraft refurbishment center called Livewels (LAT) center will be set up in Mumbai.
  • The new facility is approved by the Director-General of Civil Aviation (DGCA) and is to be fitted with the latest tools and equipment to offer optimized services. 
  • The services of the new facility include cabin part restoration and painting services.

ICC CEO Manu Sawhney resigns

  • International Cricket Council (ICC) CEO Manu Sawhney has resigned from his position.
  • Geoff Allardice will continue as Acting CEO supported by the Leadership Team working closely with the ICC Board.
  • Sawhney replaced Dave Richardson after the ICC World Cup in 2019 for a tenure till 2022.
  • He is the former CEO of Singapore Sports Hub and also served as Managing Director of ESPN Star Sports.

HUL sets up vending machine

  • Hindustan Unilever Limited (HUL) has announced the launch of an in-store vending machine for its home care products.
  • It will enable customers to refill bottles of Surf Excel, Comfort, and Vim as the packaged consumer goods company seek to lower plastic usage across the board.
  • The first such machine has been installed at the Reliance Smart Acme Mall in Mumbai as a pilot.

Karnataka govt to introduce Model Tenancy Act

  • Karnataka government is planning to introduce the Model Tenancy Act in the state, aimed at ending tenant-owner disputes.
  • As per the Act, deposits cannot exceed six-month rentals for commercial properties and two-month rentals for residential properties.
  • Without written permission from owners, tenants cannot make any structural changes to the property.

AICTE-DRDO launches regular M Tech. course

  • All India Council for Technical Education (AICTE) and DRDO launched M.Tech. program in Defence Technology on July 8, 2021.
  • The course aims to impart necessary theoretical and experimental knowledge, skill, and aptitude in various defense technology areas. 
  • The program has six specialized streams including combat technology, aero technology, communication systems, and sensors, etc.

11 people die of hunger each minute

  • 11 people die of hunger each minute and the number facing famine-like conditions around the globe has increased six times over 2020.
  • In a report titled “The Hunger Virus Multiplies,” Oxfam informed that the death toll from famine outpaces that of COVID-19, which kills around seven people per minute.
  • 155 million people around the world are now living in crisis levels of food insecurity.

Tata Power bags solar project from Kerala

  • Tata Power has been empanelled and won a contract worth ₹400 crores from the Kerala State Electricity Board Limited (KSEBL).
  • It will develop a 64 MW solar rooftop project for domestic consumers across all districts of Kerala.
  • As a part of this agreement, the company will implement projects through KSEBL of 80MW for individual households with solar capacity ranging from 3kW – 10kW).

IIP to launch an online educational program

  • The Indian Institute of Packaging will be launching an online educational program on Certified Packaging Engineer in the Prime Minister’s initiative of Azadi Ka Amrit Mahotsav.
  • The program will be launched on 15 July 2021.
  • The institute has also identified 75 traditional products from across India for improving their packaging as per international standards. 

Exports from IT companies in Kerala increases

  • The total IT exports from the Kerala government-run Infopark in Kochi grew by more than Rs 1,110 crore in 2020.
  • Exports from IT companies operating here increased to Rs 6310 crore in 2020 from Rs 5200 crore during the previous year.
  • This is an increase of about 22 percent from the previous calendar year.
  • At present, 415 companies are operating at various campuses inside Infopark.

Mangubhai Patel: Governor of Madhya Pradesh

  • Mangubhai Chhaganbhai Patel took oath as the Governor of Madhya Pradesh on 8 July 2021.
  • MP High Court Chief Justice Mohammad Rafiq administered the oath to Mr. Patel at a function in the Raj Bhawan at Bhopal.
  • Patel started his political career as a member of the Navsari municipality in 1982 and went on to win the Assembly elections from the Navsari seat five times.
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