Important Weekly Current Affairs PDF Download (July 01st to 07th July 2022)

Dear Readers, Here we have given the list of Important Weekly Current Affairs of July 01st to 07th July 2022. Candidates those who are preparing for Upcoming SBI Clerk 2022 and other competitive exams can make use of it.

CURRENT AFFAIRS: IMPORTANT DAYS

• India celebrates National Doctors’ Day on July 1 every year to honor the birth and death anniversary of the great physician and second chief minister of West Bengal, Dr. Bidhan Chandra Roy (B.C Roy).
• National Postal Workers Day is celebrated annually on July 1 to show appreciation for the postal workers’ hard work that they put in to deliver our mail and deliveries on time.
• Every year on July 1, National Chartered Accountants Day, often known as CA Day, is observed.
• Every year, World UFO Day is observed on July 2nd to create an awareness of Unidentified Flying Objects.
• World Sports Journalists Day is observed globally on 2nd July every year.
• International Day of Cooperatives is celebrated on the first Saturday of every July.
• Independence Day, also called the Fourth of July or July 4th, in the United States, is the annual celebration of nationhood.
• Every year on June 6th, World Zoonoses Day is commemorated as the anniversary of the first-ever vaccine given for any zoonotic disease way back in 1885.

CURRENT AFFAIRS: NATIONAL NEWS

• Shri Ashwini Vaishnav, the minister of communication, railways, electronics, and IT, and Shri Devusinh Chauhan, the minister of state for communications, unveiled the Dak Karmayogi, a department of the posts e-learning platform.
• India is expected to create 122 new unicorns in the next 2-4 years, per the Hurun Research Institute’s research, Hurun India Future Unicorn Index 2022.
• The Central Government has approved a proposal of the Journalist Welfare Scheme Committee to provide financial relief to the families of 35 journalists who have lost their lives.
• The Pradhan Mantri Formalisation of Micro Food Processing Enterprises, PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years.
• In a sense, Prime Minister Shri Narendra Modi officially launched the new smart campus of Bosch India, a leading provider of technology and services in Bengaluru.
• The National Mission for Clean Ganga (NMCG) erected Namami Gange Amrit Vatika at Kalindi Kunj Ghat on the River Yamuna in New Delhi with the planting of 75 trees as part of the Azadi Ka Amrit Mahotsav.
• Union Home Ministry has amended the Foreign Contribution Regulation Act (FCRA) giving certain relaxations such as allowing relatives to send more money to India freely.
• The Department of Food and Public Distribution will organize a National Conference on – Food and Nutrition Security in India in New Delhi.
• A three-day Grand Hackathon that the Open Network for Digital Commerce (ONDC) is organizing in collaboration with NABARD has essentially begun according to Union Minister Shri Piyush Goyal.
• World Resources Institute India (WRI India), the National Institute of Urban Affairs (NIUA), and other partners launched India’s first national coalition platform for urban nature-based solutions (NbS) during the 11th World Urban Forum in Poland.
• To identify and resolve connectivity gaps in the infrastructure, the Ministry of Steel announced that it has joined the PM Gati Shakti Portal and uploaded the geo-coordinates of significant projects.
• Prime Minister Shri Narendra Modi is scheduled to officially open the Bundelkhand Expressway in the first week of July.
• Shri Narendra Modi, the prime minister, will head to Varanasi to visit his Lok Sabha district.
• Digital India Week 2022 was launched by Prime Minister Shri Narendra Modi at the Mahatma Mandir in Gandhinagar, Gujarat.

CURRENT AFFAIRS: INTERNATIONAL NEWS

• India hosted the 8th round of meetings with the heads of the border services of the competent authorities of the member states of the Shanghai Cooperation Organization (SCO) in New Delhi.
• The 12th Meeting of BRICS National Security Advisers and High Representatives on National Security was held virtually.
• A total of 21 United States partner nation ships, including one submarine, from 14 countries are docked at Joint Base Pearl Harbor-Hickam (JBPHH) for the Rim of the Pacific 2022 (RIMPAC 2022) exercise that kicks off in Hawaii & the theme is Capable Adaptive Partners.
• The European Commission adopted proposals to restore damaged ecosystems, bring nature back across Europe, from agricultural land and seas to forests and urban environments, and reduce the use of chemical pesticides by 50% by 2030.

CURRENT AFFAIRS: STATE NEWS

• The Kerala Government has unveiled the largest-ever health insurance scheme named Medical Insurance Scheme for State Employees and Pensioners (MEDISEP) which will be effective from July 1st, 2022.
• Chief Minister of Telangana Shri K Chandrasekhar Rao is scheduled to inaugurate the new facility of business incubator T-Hub in Hyderabad.
• The Maharashtra cabinet under the chairmanship of Shri Uddhav Thackeray approved a proposal to rename Aurangabad city as Sambhajinagar and Osmanabad city as Dharashiv.
• The Chief Minister of Himachal Pradesh Shri Jai Ram Thakur launched Naari Ko Naman’s scheme at the Government College Auditorium in Dharamshala in Kangra district, Himachal Pradesh.
• NTPC Ltd has declared the Commercial Operations Date (COD) of the last part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project in Telangana.

CURRENT AFFAIRS: BUSINESS NEWS

• Protean eGov Technologies Ltd (formerly NSDL e-Governance Infrastructure Ltd) and PayNearby have forged a partnership to deliver PAN-related services for its retail partners using Aadhaar and biometric or SMS-based OTP authentication for its clients.
• Finance Minister Smt. Nirmala Sitharaman delivered the Business Reform Action Plan (BRAP)-2020 speech in New Delhi.
• Electric two-wheelers would be integrated into the Indian market by FY2026-27, according to NITI Aayog and the Technology Information, Forecasting, and Assessment Council (TIFAC).
• India’s Goods and Services Tax (GST) collections in June this year surged 56% year-on-year to around 1.45 lakh crore rupees.
• The Union Government has imposed a tax of six rupees per liter on exports of petrol and Aviation Turbine Fuel and 13 rupees per liter on exports of diesel.
• The gross GST collection in June 2022 surpasses 1.40 lakh crore for the fifth time since the introduction of GST and the fourth consecutive month since March 2022, making it the second-highest collection after the collection in April 2022.
• Domestic rating agency Crisil has lowered its real GDP growth forecast for India to 7.3 percent in FY23 from 7.8 percent estimated earlier.
• Online payment processor Cashfree Payments announced that the interoperability would be supported by their card tokenization solution, Token Vault.

CURRENT AFFAIRS: BANKING AND ECONOMY

• Bajaj Allianz General Insurance, one of the leading private general insurers in India, has announced the launch of a new health insurance product ‘Global Health Care’.
• Star Health and Allied Insurance, one of the leading Health Insurance companies in India, has signed a Corporate Agency agreement with IDFC FIRST Bank, for the distribution of its health insurance solutions.
• Fintech company Cashfree Payments India Private Limited has partnered with EasyTransfer to offer a faster, easier, and cheaper platform for Indian students to make fee payments to universities and educational institutions abroad.
• ICICI Securities (I-Sec) has launched ‘ICICIdirect iLearn’, a learning app for customers to easily access content curated around several financial products and stock market topics.
• Airtel Payments Bank has partnered with Axis Bank, India’s third-largest private sector bank, to digitize the cash collection system in India’s tier III cities and semi-urban regions.
• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.05 crore on Kotak Mahindra Bank Ltd. and Rs 1 crore on IndusInd Bank Ltd. for violating the provisions of its regulations.
• Edelweiss General Insurance has launched SWITCH, a comprehensive motor insurance product under Insurance Regulatory and Development Authority’s (IRDAI) Sandbox initiative.
• The Reserve Bank of India’s (RBI’s) Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai in Aug 2022.
• The Reserve Bank of India has launched the 58th round of the Order Books, Inventories, and Capacity Utilization Survey (OBICUS) of manufacturing companies for the April – June 2022 period, results of which provide valuable inputs for monetary policy formulation.
• The country’s largest private sector bank, HDFC Bank has received the Reserve Bank of India’s (RBI) approval for the merger of Housing Development Finance Corporation with the lender.
• The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India’s health sector.
• Max Life Insurance Company Ltd, has launched a smart solution, ‘Insta confirmation of insurance (Insta-COI)’+, to customers buying the ‘Max Life Smart Fixed-return Digital Plan’, a non-linked, non-participating, individual life insurance savings plan on the Max Life website or Policybazaar platform.
• Axis Financial institution has partnered with EazyDiner, a table reservation, food discovery, and restaurant payment platform, and have launched Dining Delights, an eating experience program for the bank’s customers.
• Capital market regulator Securities Exchange Board of India (SEBI) gave an additional option of UPI (Unified Payments Interface) to retail investors to apply in the public issues of Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) for application value up to Rs 5 lakh.
• Edelweiss General Insurance (EGI) has Partnered with education sector-focussed NBFC Avanse Financial Services to provide travel insurance to Indian students going abroad for higher education.
• SBI Cards and Payment Services has entered into a strategic partnership with Aditya Birla Finance (ABFL), the lending subsidiary of Aditya Birla Capital for the launch of ‘Aditya Birla SBI Card’.
• The Reserve Bank of India (RBI) stated that India witnessed a current account deficit of 1.2 percent of GDP in 2021-22 against a surplus of 0.9 percent in FY 2020-21 due to a wider trade deficit.
• The paper, titled “Capital Flows at Risk: India’s Experience” was written by RBI Deputy Governor Michael Patra, Harendra Behera, and Silu Muduli and released in the RBI’s Bulletin.
• Reserve Bank of India (RBI) has barred all non-bank prepaid payment instrument (PPI) issuers from loading credit lines.
• Muthoot Finance has launched the new upgraded version of ‘Muthoot Online’ (https://online.muthootfinance.com/) web application, offering an extended range of features that promises an Omni channel experience to its customers in Kochi, Kerala.
• Frauds in the banking sector involving sums of over Rs 100 crore have declined significantly, with banks reporting cases worth Rs 41,000 crore in 2021-22 compared to Rs 1.05 lakh crore in the FY21.
• The Center has decided to set up the Financial Services Institutions Bureau (FSIB) as a single entity for making recommendations for appointments of Wholetime Directors and Non-Executive Directors in public sector banks (PSBs), public sector insurers (PSIs), and financial institutions (FIs).
• The Capital Market regulator Securities and Exchange Board of India (SEBI) has extended the deadline for the introduction of the Demat Debit and Pledging Instruction (DDPI) system to September 1, 2022.

CURRENT AFFAIRS: AWARDS AND HONOURS

• The “Best Drone Organization – Start-up Category” award was presented by Airwards to the Delhi-based, market-leading drone enterprise platform business IG Drones
• Happiest Minds Technologies’ founder and executive chairman, Ashok Soota, has received the CII Quality Ratna Award 2021.
• The Femina Miss India 2022 title has been won by Sini Shetty.
• The UK Parliament presented Tanuja Nesari, Director of the All-India Institute of Ayurveda (AIIA), with the Ayurveda Ratna Award.
• HCL Technologies received recognition at the 2022 Microsoft Partner of the Year Awards for its creativity and use of Microsoft technologies in client solutions.
• Maryna Viazovska, a math professor from Ukraine, was awarded the Fields Medal in 2022, the highest honor in mathematics.
• For her contributions to the arts, Michelle Poonawalla was given the Shiromani Award at the NRI World Summit 2022 in the UK.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

• Indian origin Mr. T Raja Kumar has been appointed as the president of the Financial Action Task Force (FATF), the anti-money laundering watchdog for two years (July 2022 -June 2024).
• Leader of Yesh Atid Party, Mr. Yair Lapid has officially become the 14th Prime Minister of Israel & he succeeds Naftali Bennett.
• Private life insurer Aviva Life Insurance Company India has appointed Asit Rath as its Chief Executive Officer (CEO) and Managing Director (MD) will come into effect on July 11, 2022, & he succeeded Mr. Amit Malik.
• One of the country’s largest crop protection and Nutrition companies, Insecticides (India) Ltd. (IIL), has roped in Bollywood’s versatile superstar Ajay Devgn as their brand ambassador.

• The Board of directors of Reliance Jio approved the appointment of Mr. Mukesh Ambani’s eldest son Mr. Akash M Ambani, non-executive director, as the Chairman of the Board of Directors of Reliance Jio.
• Justice Mr. Ujjal Bhuyan was sworn in as the Chief Justice of Telangana High Court in a ceremony held at Raj Bhavan.
• The Public Enterprises Selection Board (PESB) has selected Mr. Sandeep Kumar Gupta as the Chairman & Managing Director (CMD) of GAIL (India) Ltd, India’s largest gas utility after interviewing 10 candidates.
• Shiv Sena leader Shri Eknath Shinde has been sworn in as the 20th chief minister of Maharashtra & Former Maharashtra CM Shri Devendra Fadnavis took the oath as the Deputy Chief Minister of Maharashtra.
• The President of India Shri Ram Nath Kovind has re-appointed Mr. Kottayan Katankot Venugopal as the Attorney General for India for three months (July to September) or until further orders, whichever is earlier.
• Mr. Ferdinand Marcos Jr has been sworn in as the 17th & Current President of the Philippines until 2028 in a ceremony at the National Museum in Manila, Philippines & he succeeded the outgoing President Mr. Rodrigo Duterte.

• Pinterest Inc. announced that co-founder, Chief Executive Officer, and President, Mr. Ben Silbermann will step down from his place and hand over the reins of the social media platform to Google commerce executive Mr. Bill Ready.
• India’s biggest poker platform, PokerBaazi.com, has appointed Bollywood superstar Shahid Kapoor as its brand ambassador.
• Former team India coach and cricketer Mr. Ravi Shastri have been appointed as the new brand ambassador for FanCode, a live content, sports statistics, and e-commerce marketplace.
• Mumbai lawyer & the first-time MLA, Shri Rahul Narwekar, was elected as the 16th Speaker (since 1960) of the Maharashtra Legislative Assembly after defeating Rajan Salvi (Shiv Sena candidate).
• Ketanji Brown Jackson has been sworn in as the new associate Supreme Court justice, becoming the first black woman and the first former federal public defender to serve on the nation’s highest court.

CURRENT AFFAIRS: MOUS AND AGREEMENT

• The Maharashtra government’s Energy department signed a Memorandum of Understanding (MoU) with Adani Green Energy Group Ltd (AGEL) to generate 11000 MW of green power in the next 5 years.
• The Indian Institute of Entrepreneurship, Guwahati has signed an MoU with the Incubation and Enterprise Support Centre of the Indian Institute of Management Shillong in New Delhi to boost the entrepreneurial ecosystem in the North Eastern Region.
• International students who are supported by Avanse may now get student travel insurance thanks to a partnership between the NBFC Avanse Financial Services and Edelweiss General Insurance (EGI).
• The Memorandum of Understanding (MoU) between Tamil Nadu and the Singapore-based M/s. IGSS Ventures Pte Ltd to construct a 300-acre semiconductor high-tech park in the State with an investment and grants of 25,60croresre was signed in the presence of Chief Minister M.K. Stalin.

CURRENT AFFAIRS: DEFENCE NEWS

• The Indian Coast Guard(ICG) commissioned the indigenous Advanced Light Helicopter (ALH) squadron MK-III (CG)-835 at Porbandar port in Gujarat.
• The Indigenously-developed Laser-Guided Anti-Tank Guided Missile (ATGM) was successfully test-fired from Main Battle Tank (MBT) Arjun by Defence Research and Development Organisation (DRDO) and the Indian Army at KK Ranges near Ahmednagar, Maharashtra with the support of Armoured Corps Centre & School (ACC&S).
• Payroll Automation for Disbursement of Monthly Allowances (PADMA), an automated Pay & Allowances module for the Indian Coast Guard (ICG) was inaugurated by Shri Rajnish Kumar, Controller General of Defence Accounts (CGDA), Ministry of Defence
• The Defence Research and Development Organisation (DRDO) successfully carried out the maiden flight of the Autonomous Flying Wing Technology Demonstrator from the Aeronautical Test Range, Chitradurga, Karnataka.
• INS Satpura and one P8I maritime patrol aircraft from the Indian Navy are participating in one of the largest multilateral Naval Exercises, the US Navy-led biennial Rim of the Pacific (RIMPAC) exercise 2022.
• A Virgin Orbit rocket carrying seven U.S. Defense Department satellites was launched from a special Boeing 747 flying off the Southern California coast and streaked toward space.
• The Desert Corps of the Indian Army organized the “Suraksha Manthan 2022”, on aspects of Border & Coastal Security at Jodhpur, Rajasthan. 
• The Indian Naval Air Squadron 324, (INAS 324), was commissioned into the Indian Navy in Visakhapatnam to boost its maritime surveillance in the presence of Vice-Admiral Biswajit Dasgupta, Flag Officer Commanding-in-Chief, Eastern Naval Command.
• Union Minister of State (Independent Charge) Science & Technology Dr. Jitendra Singh inaugurated the first-of-its-kind, state-of-the-art “Autonomous Navigation” facility TiHAN (Technology Innovation Hub on Autonomous Navigation) to develop unmanned ground and aerial vehicles in the IIT Hyderabad campus.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

• Iran launched a solid-fuelled rocket named “Zuljanah” into space.

• National Aeronautics and Space Administration’s (NASA) spacecraft, called Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE), a lunar orbiter was successfully launched on Rocket Lab’s Electron rocket from the Rocket Lab Launch Complex 1 on the Mahia Peninsula of New Zealand.
• India successfully flight-tested the indigenously developed High-speed Expendable Aerial Target (HEAT), ABHYAS, from the Integrated Test Range (ITR) in Chandipur off the Odisha coast.
• Indian Space Research Organization (ISRO) launched the rocket PSLV-C53, carrying three Singapore satellites DS-EO, NeuSAR, and SCOOB-1 in intended orbit from the second launch pad of Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh.
• The Center of Excellence on Satellite & Unmanned Remote Vehicle Initiative (CoE-SURVEI) in collaboration with knowledge partner Bhabha Atomic Research Center (BARC), Visakhapatnam has developed an Artificial Intelligence (AI)-based software to automatically detect changes on the ground, including unauthorized constructions and encroachments in a time series using Satellite Imagery.

CURRENT AFFAIRS: ACQUISITION AND MERGERS

• The Competition Commission of India (CCI) has approved Google International LLC’s (Acquirer) acquisition of a minority and non-controlling stake of 1.28% of the equity capital of Bharti Airtel Limited (target).
• The State Bank of India (SBI), HDFC Bank, and ICICI Bank acquired a 9.54 percent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA).

• The Ministry of Finance stated that the strategic disinvestment transaction for Neelachal Ispat Nigam Limited (NINL) has been completed, with the transfer of 93.71 percent shares of the joint venture partners to Tata Steel Long products Limited (TSLP).

CURRENT AFFAIRS: RANKING & INDEX

• National Institution for Transforming India (NITI) Aayog’s Vice Chairman Suman Bery, CEO Amitabh Kant, and Special Secretary Dr. K Rajeswara Rao launched a report titled ‘India’s Booming Gig and Platform Economy’.

• According to the Asia Pacific Sustainability Index 2021, released by Knight Frank Four Indian cities Bengaluru, Delhi, Hyderabad, and Mumbai made it to the list of top 20 sustainable cities.
• Quacquarelli Symonds (QS) has released the list of Best Student Cities ranking for 2023, with London (United Kingdom) emerging as the top city for students looking to study abroad.
• According to the Knight Frank Report, Active Capital Asia Pacific – Raising Capital in Uncertain Times India’s Green Bonds issuance increased 523 percent Year on Year (YoY), from $1.1 billion in 2020 to $6.8 billion in 2021.
• According to the Global Startup Ecosystem Index (GSEI) by Israel-based StartupBlink, Bengaluru is the “strongest startup ecosystem in India” and ranked 8th globally.
• The United Nations-Habitat’s World Cities Report 2022, India’s urban population is estimated to stand at 675 million in 2035, the 2nd highest behind China’s 1 billion.
• National Institution for Transforming India (NITI) Aayog Vice Chairman Suman K. Bery and the World Food Program released a report titled ‘Take Home Ration (THR)-Good Practices Across States/Union Territories.
• According to Forbes’ 8th annual list of America’s Richest Self-Made Women, President and Chief Executive Officer (CEO) of Arista Networks, Jayshree Ullal, a computer networking firm, is one of only five Indian-Americans on Forbes’ list of America’s richest self-made women.
• According to the 3rd edition of the States’ Startup Ranking 2021 by the department for the promotion of industry and internal trade (DPIIT), Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystems for budding entrepreneurs.

CURRENT AFFAIRS: SUMMITS AND CONFERENCES

• Mukhtar Abbas Naqvi, Union Minister for Minority Affairs, formally opened the fifth Global Film Tourism Conclave (GFTC) at the Novotel Mumbai Juhu Beach in Mumbai

CURRENT AFFAIRS: APPS AND PORTAL

• The EV Mitra smartphone app was created by the Bengaluru Electricity Company BESCOM to give details about EV charging stations in Bengaluru, Karnataka.

CURRENT AFFAIRS: ENVIRONMENT

• The number of animal species in India’s faunal database increased by 540 in 2021, bringing the total to 1,03,258.

CURRENT AFFAIRS: SPORTS NEWS

• The England and Wales Cricket Board has confirmed that Eoin Morgan will immediately retire from international cricket (ECB).
• At the American championships in Eugene, Oregon, Olympic gold medalist Sydney McLaughlin shattered her own women’s 400-meter hurdles world record by taking the title in 51.41 seconds.
• Novak Djokovic became the first player in history to win 80 matches at all four Grand Slams on Centre Court, defeating Kwon Soon-woo 6-3, 3-6, 6-3, 6-4.
• The Indian Olympic Association and Adani Sportsline, the Adani Group’s sports division, have signed a long-term major sponsorship agreement (IOA).
• Olympic champion javelin thrower Neeraj Chopra clinched his first-ever medal at the prestigious Diamond League meet in Stockholm as he broke his national record for the second time in a month.
• Jasprit Bumrah, the captain of India, surpassed the famous Brian Lara’s record by one run when he battered the helpless Stuart Broad for 29 runs to set a new global record for the most runs scored in a single over in Test cricket.
• At the British Grand Prix in 2022, Carlos Sainz of Ferrari became the first Spaniard to win a Formula One race.

CURRENT AFFAIRS: OBITUARIES

• Renowned actor and filmmaker, Ambika Rao passed away in Kochi at the age of 58.
• Leonardo Del Vecchio, Billionaire Ray-Ban Owner Passed away in Milan, Italy at the age of 87.
• A British theater and cinema director Peter Brook passed away at the age of 97.
• Veteran filmmaker Tarun Majumdar passed away in Kolkata at the age of 91.
• Former India goalkeeper E N Sudhir who played as a goalkeeper for India in the 1970s Passed away in Mapusa, Goa at the age of 76.

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