DAILY GK 16-17 JULY 2024
1.
NABARD
LAUNCHES RS 750-CRORE AGRI-SURE FUND
·
The
National Bank for Agriculture and Rural Development (NABARD), India’s apex
development bank, unveiled an agri fund for Start-Ups & Rural
Enterprises (Agri-SURE) to
support start-ups and agripreneurs
through investments in sector-specific, sector-agnostic, and debt AIFs.
·
Rs 750 crore Category-II Alternative
Investment Fund (AIF) will be establisehd under this initiative to promote innovation
and sustainability in the agricultural sector of India.
·
The
fund was unveiled during the Pre-Launch Stakeholder meeting held at NABARD
Headquarters in Mumbai, Maharashtra.
·
NABARD
also launched a hackathon “AgriSURE Greenathon 2024” during the event.
·
Fund Manager: NABVENTURES Limited, a wholly-owned subsidiary of NABARD .
·
NABARD
was established on 12 July 1982 under an Act of Parliament to promote
sustainable and equitable agriculture and rural development. It is an
autonomous institution of the Government of India (GoI).
·
Chairman– Shaji Krishnan V
·
Headquarters– Mumbai, Maharashtra
2. SEBI RECOGNIZES
BSE LTD AS RAASB AND IAASB
·
The Securities
and Exchange Board of India (SEBI) has recognized BSE Limited (formerly Bombay Stock
Exchange) as a supervisory body for Research
Analyst Administration and Supervisory Body (RAASB) and
Investment Adviser Administration and Supervisory Body (IAASB) to
oversee their management and administration for a period of 5 years w.e.f.
July 25, 2024.
·
The move aims to protect the interests of investors in the securities
market and promote the development of, and regulate the securities market.
·
To
qualify as a supervisory body, an entity must be a
recognized stock exchange with at least 15 years of existence, a
minimum net worth of Rs 200 crore, and nationwide
terminals.
·
Additionally, it must manage investor services through Investor Service
Centers (ISCs) in at least 20 cities.
·
BSE
will develop Bye-Laws, Standard Operating Procedures (SOPs), And
Frequently Asked Questions (FAQs) to assist RAs and IAs in smoothly adopting
the frameworks established by the RAASB and the IAASB.
·
SEBI
is the regulatory authority for the capital market.
·
It was established as a statutory body in 1992
and the provisions of the SEBI India Act, 1992 (15 of 1992) came into force on
January 30, 1992.
·
Chairperson–
Madhabi Puri Buch
·
Headquarters–
Mumbai, Maharashtra
3. NIPL,
QNB SIGNS PACT TO LAUNCH UPI PAYMENTS ACROSS QATAR
·
NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the
National Payments Corporation of India (NPCI),
signed an agreement with Doha, Qatar-based Qatar National Bank (QNB) to introduce QR (Quick Response) code-based
Unified Payments Interface (UPI)
payments across Qatar.
·
This
agreement will enable Indian tourists to
use UPI for payments at various locations in Qatar, including retail
stores, tourist attractions, leisure sites, duty-free shops, and hotels.
·
NIPL was
established in 2020 to promote international use of RuPay and UPI.
·
Chief Executive Officer(CEO) – Ritesh Shukla
·
Headquarters– Mumbai, Maharashtra
4. PREFERRED
FPI DESTINATIONS COUNTRIES
·
According to
the National Securities Depository Limited (NSDL) data, Ireland with Assets Under Custody
(AUC) of Rs 4.41 trillion registered
on 30th June 2024, has replaced
Mauritius to secure 4th spot on
preferred Foreign Portfolio Investor (FPI) destination list.
·
Mauritius
which registered an AUC of Rs 4.39
trillion by the end of June 2024, has now moved to the 5th position.
·
The data
noted that Ireland has witnessed an increase of 26% in AUC for FPIs in the 1st half of the fiscal year 2024,
whereas Mauritius saw an increase of 11%.
·
Top 3 Most Preferred FPI Countries
are USA , Singapore
and Luxembourg
·
France is the only country which saw decline
of 15% in AUC, from Rs 1.88 trillion(in December)to 1.60 trillion (in June
2024)
·
NSDL is the 1st depository in India which was established in 1996.
·
The
enactment of the Depositories Act, 1996 paved the way for establishment of NSDL
in Mumbai, Maharashtra.
·
Headquarters – Mumbai, Maharashtra.
5. NITI AAYOG’S SDG INDIA INDEX 2023-24
·
National
Institution for Transforming India (NITI Aayog) released
the 4th edition of
Sustainable Development Goals (SDG) India Index for 2023-24 in New Delhi
·
Kerala has retained its top ranking among states for the 4th consecutive time. But, this time
Kerala shares the top spot with Uttarakhand with
a composite score of 79 points.
·
Bihar (with score of 57 points) has been
adjudged as the worst performing state
in SDG India Index 2023-24, followed by Jharkhand (62) and Nagaland (63).
·
Among
Union Territories (UTs), top 5
performers were: Chandigarh topped the index followed by Jammu
& Kashmir (J&K), Puducherry, Andaman Nicobar Islands and Delhi.
·
NITI Aayog Chairperson- Prime Minister Narendra Modi
·
Vice-Chairperson- Suman Bery
·
Chief Executive Officer (CEO) – B.V.R. Subrahmanyam
·
Headquarters- New Delhi, Delhi
·
Established in- 2015
6. NITI
AAYOG RELEASED REPORT ON ‘ELECTRONICS
·
The National
Institution for Transforming India (NITI) Aayog released
its report titled “Electronics:
Powering India’s Participation in Global Value Chains“.
·
This
report provides an in-depth analysis of
India’s electronics sector, highlighting its potential and challenges, and
outlines a roadmap for India to become a global manufacturing hub in
electronics.
·
Market Size: The global electronics market is valued at USD 4.3
trillion, dominated by China, Taiwan, the USA (United States of
America), South Korea, Vietnam, and Malaysia.
·
India’s Share: Despite a 4% share in global demand, India’s exports are
approximately USD 25 billion annually, representing less
than 1% of the global market share.
·
India should aims for USD 500 billion in
electronics manufacturing by FY30,
creating 5.5 to 6 million jobs, with electronics exports expected to hit USD
240 billion and domestic value addition exceeding 35%.
7. INDIA
SEES 163% GROWTH IN ELECTRONIC WASTE GENERATION
·
The United Nations Trade and Development (UNCTAD)
released the ‘2024 Digital Economy Report:
Shaping an Environmentally Sustainable and Inclusive Digital Future’.
·
It
highlights India’s 163% growth in electronic waste
from Screens, Computers, and Small IT and Telecommunication
Equipment (SCSIT) from 2010 to
2022, doubling its global share from
3.1% to 6.4%.
·
Developing
countries in Asia generated most of such waste in 2022, with China contributing almost half of it.
·
UNCTAD Secretary-General – Rebeca Grynspan
·
Headquarters
– Geneva, Switzerland
·
Founded –
1964
8. REPORT
OF INDIA’S G20 TASK FORCE ON DIGITAL PUBLIC INFRASTRUCTURE
·
The final “Report of India’s G20 Task Force on Digital
Public Infrastructure” was released in New Delhi, New Delhi.
·
The report aims to strengthen the foundations
of the Digital Public Infrastructure (DPI)
worldwide.
·
This Report
was prepared by “India’s Group
of Twenty (G20) Task Force on DPI for Economic Transformation, Financial
Inclusion and Development.”
9.
BANKS' DEPOSIT GROWTH SLOWS TO 10.6%
·
According to the latest
data released by the Reserve Bank of India (RBI), Deposit growth of
commercial banks slowed to 10.64% year-on-year (Y-o-Y) as
of June 28, 2024.
·
The deposit base expanded
to Rs 211.95 trillion.
·
Credit growth
declined to 13.88% Y-o-Y, reaching Rs 163.8 trillion.
·
Comparison with Previous
Fortnight, For the fortnight ending June 14, 2024, deposit growth was 12.1%.
·
Credit growth was 15.6%
during the same period.
10. 137TH EDITION OF WIMBLEDON CHAMPIONSHIPS
·
The 137th edition of the oldest tennis
grand slam event “The Wimbledon Championships
(Wimbledon) 2024” was held on the grass
courts at the All-England Lawn Tennis and Croquet Club in Wimbledon, London
·
Spain’s Carlos Alcaraz won the 2024 Gentlemen’s Singles title defeating seven-time
champion Novak Djokovic (Serbia),
this marks his 2nd consecutive Wimbledon title.
·
Barbora Krejcikova of the Czech Republic won the 2024
Ladies Singles title by defeating Jasmine Paolini (Italy).
·
This
marks her second Grand Slam
singles victory.
·
She
won her first Grand Slam (singles) at the French Open 2021.
·
Great Britain’s Henry Patten and Finland’s Harri Heliovaara won the 2024 Men’s doubles title by defeating Australia’s Max Purcell and Jordan Thompson in the final.
·
Katerina Siniakova of the Czech Republic and Taylor
Townsend of the United States of America (USA) won the 2024
ladies’ doubles title at the Wimbledon Championship by defeating Gabriela
Dabrowski of Canada and Erin Routliffe (New Zealand) in the finals.
·
Hsieh Su-wei (Taiwan) and Jan
Zielinski (Poland) won
the 2024 mixed doubles title at
the Wimbledon championship by defeating Mexican duo Santiago Gonzalez and
Giuliana Olmos in the finals.
