Current Affairs – July 11, 2019

Here’s your daily summary of Current Affairs – July 11, 2019

National - Current Affairs - July 11, 2019

Deposits in Jan Dhan accounts cross Rs 1 lakh crore

1c 7 - Current Affairs - July 11, 2019
Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,00,495.94 crore as on July 3. The PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country.


The National Museum of Indian Cinema’s news bulletin launched

2c 9 - Current Affairs - July 11, 2019
A fortnightly bulletin of the National Museum of Indian Cinema brought out by the Films Division, was launched in Mumbai, with veteran filmmaker Jahnu Barua hoping that it will become a platform for movie buffs and other stakeholders. Prime Minister Narendra Modi had in January inaugurated the museum, whose portions occupy a 19th-century heritage bungalow and a modern building in south Mumbai.


India’s first elephant rehabilitation centre in the works at Kerala’s Kottoor

3c 8 - Current Affairs - July 11, 2019
The Kerala government is working to set up the country’s first elephant rehabilitation centre in Kottoor, an ecotourism village near the state capital Thiruvananthapuram. The first phase of the Rs 105 crore-project was launched last month by chief minister Pinarayi Vijayan.
The centre, expected to have an elephant museum, mahout training centre, super-specialty hospital, a retirement home and crematorium for the animals, will house orphaned, injured and older elephants. It is being planned on the lines of the Pinnawala Elephant Orphanage in Sri Lanka.


India’s first cow sanctuary in Madhya Pradesh to be privatized

4c 9 - Current Affairs - July 11, 2019
India’s first cow sanctuary Kamdhenu Gau Abhyaranya in Agar Malwa, Madya Pradesh (MP), set up in September 2017, will be privatized due to financial crises. Non-Government Organisation (NGO) Akshaypatra has shown interest to look into the issues of poor management & regular deaths of cows in the sanctuary and manage it at no profit no loss basis.
It was developed by the MP Gau Samvardhan Board by spending about Rs 32 crore. Around 4,000 cows are living in the sanctuary spread across 472 hectares and in 2018, more than 600 cows had died due to extreme weather conditions.


Business - Current Affairs - July 11, 2019

Centre launches fertilizer DBT 2.0 initiatives

5c 9 - Current Affairs - July 11, 2019
The Centre launched three new technology initiatives to transfer over Rs 70,000-crore fertilizer subsidy directly to farmers’ bank accounts. These initiatives are — a dashboard with details of fertilizer supply, availability, and requirement at national, state and district level; advanced version of the point of sale (PoS) software and a desktop PoS version.
These are part of the government’s effort to transfer the fertilizer subsidy directly to farmers’ bank accounts in the second phase of direct benefit transfer (DBT). In October 2017, the first phase of fertilizer DBT was rolled out, under which subsidy is being transferred to companies after checking retail sales data captured through the PoS machines.


Nabard to raise Rs 60,000 crore via non-convertible debentures this year

6c 9 - Current Affairs - July 11, 2019
National Bank for Agriculture and Rural Development (Nabard) will raise long-term funds of Rs 60,000 crore through nonconvertible debentures in the current financial year. Its own requirements have been assessed at Rs 30,000 crore and the balance would be for the Centre to cover the shortfall in various schemes in rural development and sanitation in FY20.
The bank has already raised Rs 11,000 crore in the first quarter ended June 30, 2019. Nabard chairman Harsh Bhanwala said it borrowed Rs 56,069 crore from the NCD market in 2018-19.


Govt to launch 6th tranche of CPSE ETF on July 18; to raise up to Rs 10,000 crore

7c 7 - Current Affairs - July 11, 2019
The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on July 18. The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India, and SJVN. The follow-on fund offer (FFO) 5 will have a base issue size of Rs 8,000 crore with an option to retain oversubscription of another Rs 2,000 crore.
Through the earlier five tranches of the CPSE ETF, the government has already raised Rs 38,500 crore-Rs 3,000 crore from the first tranche in March 2014, Rs 6,000 crore in January 2017, Rs 2,500 crore from the third in March 2017, Rs 17,000 crore in November 2018 and Rs 10,000 crore in March 2019. The government aims to raise a record Rs 1.05 lakh crore through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal.


RIL races past TCS to become most valued firm by m-cap

8c 9 - Current Affairs - July 11, 2019
Reliance Industries Ltd (RIL) July 9 went past Tata Consultancy Services to become the most-valued firm in terms of market valuation. RIL’s market capitalization (m-cap) was at Rs 8,11,048.27 crore at the close of trade, which was Rs 11,246.23 crore more than that of Tata Consultancy Services’ (TCS) Rs 7,99,802.04 crore valuation on the BSE.


MoUs 330 x 70 - Current Affairs - July 11, 2019

NHAI inks deal with NIIF for funding of highway projects

9c 9 - Current Affairs - July 11, 2019
National Highways Authority of India (NHAI) on Monday inked a deal with quasi-sovereign wealth fund National Investment Infrastructure Fund (NIIF) to fund large greenfield road projects, which will be executed by the highway authority in the future. In 2015, Centre had set up NIIF to fund commercially viable greenfield, brownfield, and stalled projects, thereby giving a boost to the country’s infrastructure sector.


Awards - Current Affairs - July 11, 2019

NFR’s ‘Plan Bee’ wins best innovation award

10c 6 - Current Affairs - July 11, 2019
The system developed by North East Frontier Railway (NFR) to keep wild elephants away from crossing the railway track by playing the amplified sound of buzzing of honey bees has won the best innovation award in Indian Railways for the year 2018-19. The 1st prize comprises of a citation along with a cash award of Rs 3 lakh. With a large portion of its track passing through vast areas of forest land which are home to various wild animals including elephants, NFR has been facing a serious problem of elephant dashing, posing a threat both to the trains and to the elephant population in the vicinity of tracks.


Appointments 330 x 70 - Current Affairs - July 11, 2019

Arun Kumar appointed as DGCA chief

11c 8 - Current Affairs - July 11, 2019
Arun Kumar, additional secretary in the Ministry of Civil Aviation, will now be holding the full-time charge of the head of aviation regulator DGCA. The Appointments Committee of the Cabinet has approved the appointment of Arun Kumar, Additional Secretary, and Financial Advisor, Ministry of Civil Aviation as Director General in the Directorate General of Civil Aviation (DGCA) in the rank and pay of Additional Secretary. Before Kumar, B S Bhullar was holding the full-time charge of DGCA chief.


Sports - Current Affairs - July 11, 2019

Dutee Chand First Indian Woman To Win 100m Gold In World Universiade

12c 9 - Current Affairs - July 11, 2019
National record holder Dutee Chand became the first Indian woman track and field athlete to clinch a gold medal in the World Universiade after she won the 100m dash event in Napoli. The 23-year-old Dutee clocked 11.32 seconds to win the gold as she led the race from start to finish. The Odisha runner, whose national record stands at 11.24 seconds, thus became the first Indian to win a 100m gold in a global event.


International - Current Affairs - July 11, 2019

Connaught Place 9th most expensive office location; Hong Kong tops chart


13c 7 - Current Affairs - July 11, 2019
ew Delhi’s Connaught Place (CP) is the ninth most expensive office location in the world with an annual rent of nearly $144 per sq ft, according to property consultant CBRE. CP, located in the heart of the national capital, was at the ninth position even last year. In its annual Global Prime Office Occupancy Costs survey, CBRE tracks the cost of leasing prime office space globally.
For the second year, Hong Kong’s Central district retained the top spot as the world’s most expensive market for prime office rents, with the prime occupancy costs valued at $322 per sq.ft. Mumbai’s Bandra Kurla Complex and Nariman Point CBD slipped to 27th and 40th positions, respectively. London’s (West End) is ranked 2nd, followed by Hong Kong (Kowloon) and New York (Midtown Manhattan).


India to host 14th Conference of Parties

14c 3 - Current Affairs - July 11, 2019
India will host the 14th session of the Conference of Parties to the United Nations Convention to Combat Desertification (UNCCD) this year to address the issue of land degradation and desertification. A source close to the Ministry of Environment, Forests and Climate Change said on Friday the conference of the UNCCD, which has participation from over 100 countries, is likely to be held in October.


France to impose a green tax on plane tickets from 2020

15c 3 - Current Affairs - July 11, 2019
The French government is to impose a tax of up to €18 on plane tickets for all flights from airports in France to fund less-polluting transportation projects. The move, which will take effect from 2020, will see a tax of €1.5 imposed on economy-class tickets on internal flights and those within Europe, with the highest tariff applied to business-class travelers flying outside the bloc, Transport Minister Elisabeth Borne said.
A similar tax was introduced in Sweden in April 2018, which imposed an added charge of up to €40 on every ticket in a bid to lessen the impact of air travel on the climate.


Russia Launches Soyuz Carrier Rocket with 33 Satellites from Vostochny Spaceport

16C - Current Affairs - July 11, 2019
Russia successfully launched its Soyuz-2.1a carrier rocket on Friday with a hydrometeorological satellite and 32 small satellites, the Russian state space corporation Roscosmos said. Russia’s Meteor-M No.2-2 hydrometeorological satellite was successfully put into a target orbit with a height of about 832 km, Roscosmos said in a live broadcast.
The satellite will be able to provide images of clouds, the surface of the Earth, ice and snow covers in the visible, infrared and microwave ranges. It can also obtain data on the temperature of the sea surface, the state of the ozone layer as well as determine the level of humidity, which will help improve the accuracy of meteorological forecasts, Xinhua news agency reported.


Saudi Arabia adopts Digital India, equality of women in this year’s Haj

17c 2 - Current Affairs - July 11, 2019
With Saudi Arabia adopting equality of women as one of its motto in hosting the pilgrims, this year’s Haj has become very special for women. Not only this, but the Haj authority is also encouraging Digital India by introducing the Haj app, that will provide all sorts of help to the Haj pilgrims. This was announced by Indian Ambassador Dr. Ausaf Sayeed at a press conference along with Consul General Md. Noor Rahman Sheikh to give a brief about ongoing Indian Haj operation in Saudi Arabia.


Obituary - Current Affairs - July 11, 2019

Former India goalkeeper AU Celestine dies aged 73

18c 2 - Current Affairs - July 11, 2019
Former Indian football team goalkeeper AU Celestine passed away, aged 73, after a brief illness in Chennai on Monday. Celestine, who represented India in 1969 Merdeka Cup in Malaysia, had played for Tamil Nadu men’s team in the senior nationals as a goalkeeper. He also coached the Tamil Nadu state junior, sub-junior and women teams.


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