DAILY GK 8-10 AUG 2024
1.
RBI PENALIZES 5
CO-OPERATIVE BANKS FOR REGULATORY VIOLATIONS
·
The Reserve Bank of India
(RBI) has imposed monetary penalties on 5 urban
cooperative banks for failing to comply with various regulatory
directions.
·
Urban Co-operative Bank Limited., Mainpuri, Uttar Pradesh:
Rs5 lakh penalty for non-compliance with investment
norms.
·
Nagnath Urban Co-operative Bank Limited, Hingoli,
Maharashtra: Rs1 lakh penalty for failing to transfer
eligible amounts to the Depositor Education and Awareness Fund as per Section
26A.
·
Shrikrishna Co-operative Bank Limited, Umrer, Maharashtra:
Rs2.08 lakh penalty for non-compliance with loan
and advance regulations related to directors and their relatives.
·
Alibag Co-operative Urban Bank Limited, Alibag, Maharashtra:
Rs2 lakh penalty for mismanagement of advances,
including sanctioning gold loans beyond regulatory limits.
·
The Hindustan Co-operative Bank Limited, Mumbai, Maharashtra:
Rs4 lakh penalty for violations including
exposure norms and KYC requirements.
2.
IRDA OF INDIA FINES HDFC
LIFE RS 2 CRORE FOR REGULATORY VIOLATIONS
·
The Insurance Regulatory and
Development Authority of India (IRDAI) has imposed a penalty
of Rs1 crore on HDFC Life Insurance Company for violation of
various norms.
·
The norms violated included those pertaining to insurance web
aggregators, insurance brokers, insurance intermediaries (payment of
commissions) and outsourcing activities.
·
Additionally, a penalty of Rs
1 crore was imposed for irregularities concerning
the outsourcing of services by the company.
3. BOOK BREAKING ROCKS AND BARRIERS
- SUDIPTA SENGUPTA
·
Sudipta Sengupta, a geologist
and trained mountaineer, has penned a memoir titled “Breaking Rocks
and Barriers: Memoirs of a Geologist and Mountaineer” narrating her
adventures as a geologist conducting fieldwork in remote areas worldwide.
·
Sudipta
Sengupta is one of the first Indian
women (along with Dr Aditi Pant) to visit Antarctica as part of the 3rd
Indian Antarctic Expedition in 1983-84.
4.
RBI REVOKES LICENCES OF 78
URBAN COOPERATIVE BANKS SINCE 2014
·
The Reserve Bank of India
(RBI) has cancelled the licences of 78 Urban
Cooperative Banks (UCBs) since 2014.
·
Maharashtra has the highest number of
cancellations, with 36 UCBs losing their licences.
·
Cancellations
were due to inadequate capital, poor earning prospects,
deteriorating financial position, and operations prejudicial to depositors' and
the public's interests.
·
In 2024 (up to July), 10 UCB licences were
cancelled.
·
Two each in Maharashtra, Karnataka, and
Uttar Pradesh.
5.
RBI MONETARY POLICY
MEETING
·
The Reserve Bank of India
(RBI) Governor Shaktikanta Das announced the third
bi-monthly Monetary Policy for FY25, August 8, 2024.
·
The RBI Governor-headed six-member
Monetary Policy Committee (MPC) decided to keep the benchmark repo
rate unchanged at 6.5% and maintain the policy stance of
‘withdrawal of accommodation’.
·
RBI retained real GDP growth estimates for FY25 at 7.2%, and CPI inflation projection at 4.5%.
6.
RBI EXTENDS INTEREST
SUBVENTION SCHEME FOR AGRICULTURAL LOANS UP TO RS 3 LAKHS VIA KISAN CREDIT
CARD
·
The Reserve Bank of India
(RBI) has extended the Modified Interest Subvention
Scheme (MISS) for short-term loans for agriculture and allied
activities available through Kisan Credit Card (KCC) for the financial year
2024-25.
·
Loan Limit and Interest Rates Farmers
can avail of loans up to Rs 3 lakh at a
concessional interest rate of 7%.
·
An additional
interest subvention of 3% per annum is provided to farmers who repay loans
on time, reducing the effective interest rate to 4%.
7.
MICROSOFT NAMED INDIA'S
MOST ATTRACTIVE EMPLOYER BRAND IN 2024
·
Microsoft has emerged
as India's most attractive employer brand, securing
the top position in the Randstad
Employer Brand Research (REBR) 2024.
·
Tata Consultancy Services (TCS) is at 2nd Place and Tata
Motors at 3rd Place
8. T20 MEN’S ASIA CUP 2025 & ODI
MEN’S ASIA CUP 2027
·
The Asian Cricket Council (ACC) has officially declared India as
the host of the 2025 Men’s Asia Cup cricket
tournament in the Twenty20 (T20) format and Bangladesh as the host of the 2027 Asia
Cup tournament in the One Day International (ODI)
format.
·
In 2015, ACC announced that Asia Cup
tournaments, the biennial men’s tournament, would be played on rotation basis
in ODI and T20I format.
·
The first Asia Cup tournament in T20 was
held in 2016.
9.
CO-FLAG BEAR FOR INDIA AT PARIS 2024 CLOSING CEREMONY
·
The
Indian Olympic Association (IOA) has announced that hockey goalkeeper PR Sreejesh and pistol shooter Manu Bhaker
will be the co-flag bearers for India at the closing ceremony of the Paris 2024 Olympic Games.
10. ISRO SELECTED 2 NEW CREW MEMBERS FOR
AXIOM-4 MISSION TO ISS
·
Indian Space Research Organisation (ISRO)
announced that National Mission Assignment Board has selected Indian astronauts
Group Captain Shubhanshu Shukla and Group
Captain Prasanth Balakrishnan Nair, as crew members for
the Axiom-4 (Ax-4) mission to the International
Space Station (ISS).
·
Wing Commander Shubhanshu Shukla has been assigned as Prime mission
pilot while Group Captain Prasanth Balakrishnan Nair will be his
back-up.
·
Group Captain Shukla and Group Captain Nair are among the 4 astronauts designates
for the Gaganyaan mission which is expected to be launch in 2025.
·
The
other 2 astronauts of Gaganyaan
mission are Group Captain Ajit Krishnan,
Group Captain Angad Pratap.
·
In
August 2023,NASA and Axiom
space signed an order for the 4th private astronaut mission (Axiom
mission (Ax-4)) to the ISS.
·
Astronauts SlawoszUznański
of Poland and Tibor Kapu of Hungary (Mission
Specialist) will fly alongside an Indian astronaut on Axiom.
11. INDIA’S 1ST MULTINATIONAL
AIR EXERCISE ‘TARANG SHAKTI’
·
‘Tarang Shakti (Wave of
Power) 2024′, largest multilateral air exercise began at
the Sulur Air Base in Coimbatore,
Tamil Nadu (TN).
·
It is the first multinational air exercise to be conducted on India soil after 61 years.
·
The Tarang
Shakti 2024 exercise is being conducted in two phases.
·
The
first phase being held in
Sular, Tamil Nadu(TN) and the second phase to be held in Jodhpur, Rajasthan
·
Around 30
countries, including the United States of America (USA), Germany, France, Australia, the United Arab Emirates
(UAE), the United Kingdom (UK), and Singapore, will showcase their fighter
jets.
·
10 countries which will participate with their assets, and 18 countries as observers.
12. INDIAN ARMY CONDUCTS
‘PARVAT PRAHAAR‘ EXERCISE IN LADAKH
·
The Indian Army conducted
‘Parvat Prahaar‘ (Mountain Strike), a
large-scale strike corps exercise, in the Union
Territory (UT) of Ladakh.
·
The strategic military exercise focused on high-altitude warfare and operations,
involving various military units and equipment to maintain readiness near the
India-China border.
·
Chief
of the Army Staff (COAS)- Lieutenant General
Upendra Dwivedi
·
The theme of
the Year 2024- Year of Technology
Absorption.
13.
7TH INDIAN COAST GUARD
SUBORDINATE OFFICERS’ CONCLAVE
·
The 7th Indian Coast Guard
(ICG) Subordinate Officers’ Conclave was inaugurated, by Director
General Rakesh Pal at the ICG HQ in New Delhi.
·
The Conclave is themed 'Towards an
Inclusive Approach'.
14. 14TH INDIAN ORGAN DONATION DAY –
3 AUGUST 2024
·
The Indian Organ Donation Day (IODD)
is annually celebrated across India on 3rd August to
commemorate the 1st successful deceased donor organ transplant, which was also
the 1st Heart transplant in India.
·
IODD is annually celebrated by the
National Organ and Tissue Transplant Organization (NOTTO).
15. HIROSHIMA DAY 2024 – AUGUST 6
·
Hiroshima Day is annually
observed across the globe on 6th August to
commemoration of the atomic bombings of Hiroshima in Japan by the United States
of America in 1945.
·
During
the World War II (WWII – 1939-1945), the United States Army Air Forces (USAAF)
Boeing-29 (B29) Superfortress ‘Enola Gay’ dropped
the first atomic bomb, nicknamed ‘Little
Boy’, over the Japanese city of Hiroshima on 6th August 1945.
16. 10TH NATIONAL HANDLOOM DAY – 7
AUGUST 2024
·
National Handloom Day is annually
observed across India on 7 August to honour the
handloom weaving community engaged in the handloom sector
·
The Day is also celebrated to commemorate
the Swadeshi Movement, which was launched on 7
August 1905.
17. QUIT INDIA MOVEMENT DAY 2024 –
AUGUST 8
·
The Quit India Movement Day, also
known as August Kranti Day, is annually observed
across India on 8th August to commemorate the launch
of the Quit India Movement in 1942,
a significant movement in India’s struggle for independence from British
colonial rule, demanding the immediate withdrawal of British forces.
·
8 August 2024 marks the 82nd
anniversary of the Quit India Movement Day.
18.
INTERNATIONAL DAY OF
WORLD’S INDIGENOUS PEOPLE - AUGUST 9
·
International Day of World’s Indigenous People Day is
observed annually on August 9.
·
The
theme for the 2024 International Day of the World's
Indigenous Peoples is "Protecting the Rights of Indigenous
Peoples in Voluntary Isolation and Initial Contact".
·
This day was first observed
by the United Nations General Assembly (UNGA) in December 1994.
·
This day is observed annually to recognize
the first UN working group on indigenous
people meeting in Geneva in 1982.
·
On December 23, 1994, the UN General Assembly observed August
9 as the International Day of World’s Indigenous
People Day.
19.
NAGASAKI DAY 2024 - AUGUST
9
·
Nagasaki Day is observed
on August 9 every year.
·
On August 9, 1945,
during the Second World War, the US dropped a bomb on Nagasaki in
the city of Japan.
·
The nuclear bomb that was attacked
by the US in Nagasaki called the ‘FAT MAN’.
·
This bomb attack suddenly devastated
Nagasaki and killed almost 70,000 people during the attack.
·
The US warplane dropped the bomb named FAT
MAN in Nagasaki and this led to the surrender of Japan in the Second World War
II.
20.
WORLD LION DAY 2024, DATE, HISTORY AND SIGNIFICANCE
·
World
Lion Day, celebrated annually on August 10th, marks a crucial moment in
wildlife conservation efforts.
·
Lions,
scientifically known as Pantheraleo
21. BOOK - 'CALL OF THE GIR'
·
The
Prime Minister (PM) Narendra Modi has
received the first copy of 'Call of the Gir', a
coffee table book on Gir National Park (Gujarat)
and Asiatic lions, written by Parimal Dhirajlal Nathwani,
the Member of Parliament (MP), RajyaSabha (Andhra Pradesh).
·
He dedicated the book to PM for being the
visionary behind ‘Project Lion and Lion@2047:
Vision for Amrit Kaal’.
22. FORMER WB CM
BUDDHADEB BHATTACHARJEE PASSED AWAY
·
Buddhadeb Bhattacharjee, former Chief
Minister (CM) of West Bengal (WB) and
veteran Communist Party Leader passed away at the
age of 80 in Ballygunge, Kolkata, WB.
·
Buddhadeb
Bhattacharjee joined Communist Party of India (CPI) (Marxist) as a primary
member in 1966 and later he was elected to the CPI(M) state committee in 1972
and became a full time member of CPI (M) in 1985.
