DAILY GK 3-4 JULY 2024
1.
SBI LAUNCHED
“MSME-SAHAJ”
·
State Bank of India (SBI), has launched “MSME-Sahaj”, web-based digital business loans solutions
for Micro, Small and Medium Enterprises (MSMEs) invoice financing.
·
The objective is to offer “on tap” short-term
credit to meet the capital needs of MSME units who are part of Goods and
Services Tax (GST) regime.
·
MSME-Sahaj is a data-driven invoice financing
credit assessment engine which will provide complete solution from applying the
loan, documentation and disbursement of the
sanctioned loan within 15 minutes.
·
Using MSME Sahaj, the SBI customers can avail finance or
loan against their GST-registered sales invoices of up to Rs 1 lakh.
·
MSME-Sahaj is based
on a Machine Learning (ML) model and uses authentic data from GST Identification Number (GSTIN), bank statements of
customers, Credit Information Company (CIC) data, among others.
·
SBI
Chairman– Dinesh Kumar Khara
·
Headquarters- Mumbai,
Maharashtra
·
Tag line–“The Banker to
Every Indian”
·
Founded– 1st July 1955
2.
CS SETTY TO HEAD
AS SBI CHAIRMAN AFTER KHARA RETIRES
·
Challa Sreenivasulu Setty has been
selected as the 27th Chairman of State Bank of India (SBI) by
the Financial Services Institution
Bureau (FSIB), an arm of the central government of India.
·
Setty will succeed current chairman Dinesh Kumar Khara, whose extended
term is set to end on August 28
2024.
·
FSIB was established on 1st July 2022 by the Government
of India (GoI), replacing Banks Board Bureau (BBB) for recommending persons for
the appointment as whole-time directors and non-executive chairpersons on the
Boards of Financial Service Institutions.
·
Chairman
– Bhanu Pratap Sharma
·
Headquarters – Mumbai,
Maharashtra
3.
CHAIRPERSON OF
WCO
·
South African Revenue Service (SARS) Commissioner Edward
Kieswetter has been re-elected as the Chairperson of World
Customs Organisation (WCO) Council, the
highest decision making body of WCO, for 2nd consecutive term (2024-2025).
·
He was elected by the WCO Council during its 143rd/144th
sessions held in Brussels, Belgium
·
The event witnessed the participation of Directors
General (DG) of 186 member nations of
WCO.
·
World
Customs Organisation is an independent intergovernmental
organisation focused on customs-related matters.
·
It was established in 1952 as the Customs Cooperation Council (CCC) and renamed as World Customs Organisation (WCO) in 1994.
·
Secretary-General- Ian
Saunders
·
Members- 186 member nations
·
Headquarters- Brussels,
Belgium
4.
BOOKS ON FORMER
VICE PRESIDENT VENKAIAH NAIDU
·
Biography of the former Vice President titled ‘Venkaiah Naidu – Life in
Service’, which was authored by
Shri S Nagesh Kumar, former Resident Editor of The Hindu, Hyderabad
edition.
·
’Celebrating Bharat
– The Mission and Message of Shri M Venkaiah Naidu as 13th
Vice–President of India’, a Photo
chronicle compiled by Dr I.V. Subba Rao, Former Secretary to the
Vice-President of India.
·
Pictorial
biography in Telugu titled ‘Mahaneta –
Life and Journey of Shri M. Venkaiah Naidu’, which was authored
by Shri Sanjay Kishore.
·
Venkaiah Naidu served as the 13th Vice President of India from 2017 to 2022.
·
He also initiated ‘Swarna Bharat Trust’, which provides education to the needy
children and also imparts employment training to women and youth.
·
In 2024, Venkaiah Naidu received
the Padma Vibhushan, the second
highest civilian award from the President of India Droupadi Murmu.
5.
NATIONAL DOCTOR’S DAY 2024 – JULY 1
·
The day also commemorates the birth and death
anniversary of Bharat Ratna Dr. Bidhan Chandra Roy (BC
Roy), a renowned physician and the 2nd Chief
Minister (CM) of West Bengal.
·
The annual observance of
National Doctor’s Day in India is led by the Indian Medical Association (IMA).
·
The theme of National Doctors’ Day 2024 is “Healing
Hands, Caring Hearts”.
·
In India, National Doctor’s Day was 1st celebrated on
1 July 1991, following the recommendations of the IMA.
6.
GOODS AND SERVICE TAX DAY 2024 – JULY 1
·
Goods And Service Tax (GST) Day is
annually observed across India on 1
July to commemorate the implementation of the GST
regime, a comprehensive indirect tax levied on the supply of goods and
services in India, which came into effect on 1
July 2017.
·
1 July 2024 marks the observance of the 7th
GST Day, commemorating the 7th anniversary of
the coming into force of GST.
·
The 2024 theme for the GST Day is, “Sashakt Vyapar Samagra Vikas”
(Empowered Trade Overall Growth).
·
GST was launched on July 1, 2017, during a grand
ceremony in the Central Hall of Parliament of India in New Delhi, Delhi.
·
GST Council-As per Article 279A (4), the GST Council
makes crucial recommendations to the Union and States on important issues
related to GST, like the goods and services subject to or exempted from GST;
model GST Laws; principles governing the Place of Supply; threshold limits for
GST.
·
Chairperson– Union Minister Nirmala Sitharaman, the
Ministry of Finance
7.
NATIONAL CHARTERED ACCOUNTANT (CA) DAY 2024 – JULY 1
·
The National
Chartered Accountant (CA) Day is annually observed across India
on July 1 to mark the establishment of the Institute
of Chartered Accountants of India (ICAI).
·
The year 2024 marks the 76th anniversary of the ICAI’s
foundation by an Act of Parliament, the Chartered Accountants Act
of 1949.
·
The
theme for National CA Day 2024 is ‘Innovating for a sustainable future’, which
emphasises the important role CAs have in promoting sustainable business
practices.
·
The Institutes of Chartered
Accountants of India(ICAI) came into existence on July 1, 1949.
·
The ICAI is a statutory body established
under the Chartered
Accountants Act, 1949, enacted by the Parliament of India
to develop the profession of Chartered Accountants.
·
It holds the honour of being the second largest
professional body of Chartered Accountants in
the world, with a strong tradition of service to the Indian economy in public
interest.
·
It serves as India’s premier regulatory and licensing authority for the accounting
profession, managing standards and practices in financial audits across
India.
·
It functions
under the administrative control of the Ministry of Corporate Affairs (MCA),
Government of India (GoI).
8.
Union Minister
G. Kishan Reddy Launched NIRMAN portal
·
Union Minister G. Kishan Reddy,
Ministry of Coal and Mines, Government
of India (GoI) launched “Noble Initiative for Rewarding Mains
Aspirants of National Civil Services Examination (NIRMAN)”, a web
portal in New Delhi, Delhi.
·
The aim is to provide
financial support of Rs 1 lakh to
eligible candidates of Union Public
Service (UPSC) examination.
·
It is a unique Corporate Social Responsibility (CSR) scheme led by the Coal India
Limited (CIL) for meritorious youth
of its operating districts who have qualified the Preliminary round of UPSC examination (for civil services
& Forest Service) in 2024.
·
To avail the benefits of the scheme, candidates who have
qualified the Preliminary round of UPSC should have annual family income less than Rs 8 lakhs.
·
The eligible candidates should belong to either Scheduled
Caste (SC), Scheduled
Tribe (ST), female or third gender.
9.
AI PREPAREDNESS
INDEX
·
International Monetary Fund (IMF) released an Artificial
Intelligence Preparedness Index (AIPI) Dashboard
which tracks the level of Artificial
Intelligence (AI) readiness across 174 countries
·
India has
secured the 72nd Rank among the 174
countries, with a rating of 0.49.
·
Singapore (0.80) topped the overall index followed by Denmark (0.78) and the United States of America (USA) (0.77) at the 2nd and 3rd position respectively.
·
The index ranked the countries based on their performance
in 4 key areas such as: digital
infrastructure, human capital and labour market policies, innovation
and economic integration, and
regulation and ethics.
·
It has classified each country into 3 main categories such as:
Advanced Economy (AE), Emerging
Market Economy (EM), and
Low-Income Country (LIC).
·
IMF Managing
Director– Kristalina Georgieva
·
Member nations–190
·
Headquarters- Washington,
D.C., United States of America (USA)
·
Established- 1944
10.
RIMPAC 2024
NAVAL EXERCISE
·
Indian Naval Ship (INS) Shivalik, a 6000-tonne indigenously
designed and built guided missile stealth frigate, has reached Pearl Harbour, Hawaii (United States of America
(USA)), for the 29th edition
of the biennial Rim of the Pacific (RIMPAC)
exercise, the world’s largest international
maritime exercise.
·
The theme of
RIMPAC 2024 is “Partners: Integrated
and Prepared.”
11.
PRIME
MINISTER OF NETHERLANDS
·
Willem-Alexander, the King of the
Netherlands swore in Dick Schoof as
the New Prime Minister(PM) of the Netherlands at the
ceremony held in Huis Ten Bosch Palace in The
Hague, Netherlands.
·
He succeeds Mark
Rutte, who served as the PM of the Netherlands from 2010 to 2024.
·
Rutte is set to take over as the New Secretary General of
North Atlantic Treaty Organization (NATO) in October 2024.
·
Party for
Freedom (PVV) led by Geert Wilders won the 2024 general elections of the
Netherlands which was held in November 2023.
12.
LIC - CEO and
Managing Director (MD)
·
Life Insurance Corporation of India (LIC), India’s largest Public Sector Insurance Company, has
re-designated its Chairman,
Siddhartha Mohanty as its new Managing Director (MD) and Chief Executive
Officer (CEO), with effect from
30th June 2024.
·
He was appointed as chairman of LIC in April 2023 until 29th June 2024
and was also appointed as MD and CEO of LIC from June 2024 until 7th June 2025.
·
LIC is under the ownership of Government of India
and administrative control of the Ministry of Finance(MoF).
·
Headquarters- Mumbai,
Maharashtra
·
Established- 1956
13.
ADITYA-L1
COMPLETES ITS 1ST HALO ORBIT AROUND THE SUN-EARTH L1 POINT
·
Aditya-L1
spacecraft, India’s 1st space-based solar
observatory mission at Lagrangian point 1 (L1), completed its first
halo orbit around the Sun-Earth
L1 point.
·
The spacecraft in the Halo orbit takes 178 days to complete one
revolution around L1.
·
During its travel into the halo orbit, the Aditya-L1
spacecraft undergoes Station-Keeping
(SK) maneuvers to maintain its orbit due to various perturbing forces.
·
The spacecraft was launched on September 2, 2023, and was inserted into its targeted halo orbit on 6 January
2024.
·
A halo orbit
around the L1 of the Sun-Earth system is about 1.5 million kilometers (km) from the Earth on the continuously
moving Sun-Earth line with an orbital period of about 177.86 Earth days.
·
Aditya-L1 is a satellite
dedicated to the comprehensive study of the Sun, specifically the photosphere,
chromosphere, and corona of the Sun.
14.
WORLD SPORTS JOURNALISTS DAY 2024 – JULY 2
·
This Day commemorates the establishment of
the International Sports Press Association (AIPS (Association
Internationale de la Presse Sportive)) in 1924 in
Paris, France.
·
2 July 2024 marks the 100th anniversary of
the International Sports Press Association (AIPS), the World Sports
Journalist body.
·
The 1st ever World
Sports Journalists Day was observed on 2 July 1994.
·
International Sports Press Association (AIPS): President–
Gianni Merlo
·
Headquarters– Lausanne, Switzerland
15.
INTERNATIONAL PLASTIC BAG FREE DAY 2024 – JULY 3
·
International Plastic Bag
Free Day is
annually observed across the globe on 3rd July to
raise awareness of the environmental impact caused by Single-Use-Plastic (SUP)
like plastic bags, which are harmful to ecosystems, wildlife, and human health.
·
Rezero, a member of the Zero Waste Europe (ZWE), initiated
the International Plastic Bag Free Day which was first observed
on 3 July 2008
in Catalonia,
Spain.
16.
EX NOMADIC
ELEPHANT INDIA-MONGOLIA JOINT MILITARY EXERCISE
·
‘Exercise
Nomadic Elephant 2024’, the 16th
edition of the India-Mongolia Joint Military Exercise, commenced at the
Foreign Training Node in Umroi,
Meghalaya.
·
The bilateral training initiative between the Indian Army (IA) and Mongolian Army will conclude
on 16th July 2024.
·
Indian
Contingent led by a Battalion of SIKKIM SCOUTS, comprising 45 personnel from various arms and
services.
17.
13th
India-Thailand Military Exercise ‘MAITREE’
·
The 13th
India-Thailand joint military exercise ‘MAITREE’ is taking place at Fort Vachiraprakan in Tak
province of Thailand
·
TheMaitree Exercise is a military exercise between India
and Thailand which takes place every year since 2006.
·
The previous edition of the exercise was conducted in
Umroi, Meghalaya in 2019.
·
Joint
Military Exercises of India with Other Countries
·
Garuda
Shakti India & Indonesia
·
Ekuverin India & Maldives
·
Nomadic
Elephant India & Mongolia
·
Kurukshetra India & Singapore
·
Yudh Abhyas India & United States of
America (USA)
·
Surya
Kiran India & Nepal
·
Mitra
Shakti India & Sri
Lanka
18.
HUNGARY TOOK
OVER THE PRESIDENCY OF EU COUNCIL
·
Hungary took over
the Presidency of the
Council of the European Union (EU) from Belgium, for 6 months (July – December 2024), during the opening cultural
event of the 6-month presidency held in Brussels, Belgium.
·
The motto of
Hungary’s EU Presidency is “Make Europe
Great Again.”
·
EU is a group of 27 European countries and the presidency
of the Council rotates among the EU member states every 6 months.
·
Hungary Prime Minister
(PM)- Viktor Orban
·
President – TamasSulyok
·
Capital– Budapest
·
Currency– The Hungarian
Forint
19.
NABARD TO DIGITALIZE
JAN SURAKHSHA SCHEMES FOR RRBS
·
National Bank for Agricultural and Rural
Development (NABARD) has
signed a Memorandum of Understanding (MoU) with Online PSB Loans Limited(OPL) to promote financial inclusion through
Regional Rural Banks (RRBs).
·
It aims to smoothen and digitalize the enrolment and
claim settlement processes under the Jan Suraksha Schemes (JSS)
for all 43 RRBs.
·
Under this initiative, NABARD will integrate all 43 RRBs onto the Jan Suraksha portal
to democratise access to financial protection schemes across remote areas
of the country.
·
Jan Suraksha portal is an
initiative undertaken by Department of
Financial Services (DFS), Ministry of Finance (MoF), Government of India
(GoI).
·
It offers digital enrolment and claim settlements for the
Pradhan Mantri Jeevan Jyoti
Bima Yojana (PMJJBY), and
the Pradhan Mantri Suraksha Bima Yojana (PMSBY).
·
NABARD was established under NABARD Act, 1981 and works under the jurisdiction of
Department of Financial Services (DFS), MoF.
·
Chairman– Shaji K.V.
·
Headquarters– Mumbai,
Maharashtra
·
Established- 1982(on the
recommendations of B.Sivaramman Committee)
