15th JULY 2022 English Crossword Current Affairs by Kapil Kathpa

Daily Current Affairs by Kapil Kathpal- 15th July 2022
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Headlines
1) PM Modi inaugurated and set the cornerstone for a number of projects

worth Rupees 16,800 crores in Deoghar, Jharkhand
2) 17th campus of the NIFT opened in Panchkula
3) DSEU & UNICEF Partners on Pilot Project for Employment; Sah-Bhagita for
RWAs and Chatbot to Answer Queries on E-Vehicles Launched
4) PIMS to come into effect from 1st October 2022
5) Leh airport is being built as a carbon-neutral airport
6) Union government launched “Jute Mark India logo”
7) Prasar Bharati unveiled its new logo on the occasion of its Silver Jubilee
8) Govt to start nationwide campaign ‘Har Ghar Tiranga’
9) Sea Guardians-2 Maritime Exercise
10) Japanese Govt. Honored Former PM Shinzo Abe Country’s Highest Order
Posthumously
11) Advent International appointed Pratik Pota as MD & CEO
12) Sanjai Kumar appointed as CMD of Raitel
13) First image from NASA’s James Webb Space Telescope
14) Researchers from US recently developed “POP-FAME” : Rocket fuel from

Bacteria
15) Asian U-20 & U-15 Wrestling Championships
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16) Monty Norman, a British composer passed away
17) Recent News
18) Retail inflation, based on the consumer price index eased to 7.01 per cent
in June
19) SBICAP Ventures Signed MoU with External Affairs Ministry For TDC Fund
20) 25th Financial Stability Report by RBI
21) TATA AIA partnered with City Union Bank Partners to Offer Health and Life
Insurance
22) IRDAI Set up 2 Task Forces to Resolve Issues between Insurers & Reinsurers
23) Recent News
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National News
PM Modi inaugurated and set the cornerstone for a number of

projects worth Rupees 16,800 crores in Deoghar, Jharkhand
• Prime Minister Narendra Modi inagurated

the Deoghar airport and laid the foundation for
'Maha Vikas' project worth Rs 16,800 crore.
• The prime minister also dedicated, the In-

Patient Department and operation theatre
services at AIIMS, Deoghar to the nation.
• He has taken part in an 11.5-km-long

road show and pay obeisance at Baba
Baidyanath Dham Temple, one of the 12
Jyotirlingas after inauguration ceremony.
Static Awareness related to News
• Jharkhand
• Capital: Ranchi
• Chief minister: Hemant Soren
• Governor: Ramesh Bais
17th campus of the NIFT opened in Panchkula
• The 17th campus of the National Institute

of Fashion Technology in Panchkula was
officially opened by Haryana Chief
Minister Manohar Lal Khattar and Union
Minister Piyush Goyal, who referred to it
as the “fulcrum of development of the
textile sector in the state.”
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• According to ML Khattar, 20% of seats at this institute will be earmarked for people from Haryana in
accordance with NIFT rules.
DSEU & UNICEF Partners on Pilot Project for Employment; Sah-Bhagita

for RWAs and Chatbot to Answer Queries on E-Vehicles Launched
• Delhi Skill and Entrepreneurship

University Partnered with YuWaah (Generation
Unlimited/ GenU) at United Nations Children’s
Fund to enable access to employment
opportunities for students of the DSEU.
• This pilot project will start at Ambedkar

DSEU Shakarpur – I campus, New Delhi.
• This involves around 1,000 active job

seekers between the age group of 18 and 29
years, with special focus on candidates from marginalised communities and women candidates.
• The Career Awareness Sessions have been established by both the partners for students at DSEU for
creating awareness among students on job portals, to enhance accessibility towards best suited jobs.
• The sessions are facilitated by YuWaah along with other job portal partners such as National Career
Service portal by the Ministry of Labour and Employment, Apna, Teamlease and QJobs by Quess Corp.
• Along with this, another 6-month pilot project YuWaah Step Up – Bano job ready, being conducted by
Flywheel Digital Solutions Pvt with DSEU students that would support in enhancing the partnership.
• Delhi Lieutenant Governor V K Saxena launched Sah-Bhagita, an incentive scheme for involving Resident
Welfare Associations in optimal tax collection and waste management ecosystem.
• Under Sah-Bhagita, the RWAs will receive 15 percent of the total collection of property tax for
development works in their areas.
• The incentives will be given to RWAs on achieving 90 percent tax collection from the total number of
properties in their societies.
• This allows in recommendation towards the developmental work on 10 percent of the collected tax
amount subject to a ceiling of Rs. 1 Lakh.
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• Additionally, 5 percent of the tax collected will be provided, only if the area is implemented with 100
percent waste management at source along with composting, recycling dry waste.
• The Delhi government has collaborated with whatsapp to launch whatsapp chatbot for customer
management on queries regarding Electric Vehicles (e-vehicles).
• The whatsapp chatbot is user-friendly with customer preferred language that answers a range of queries
from procurement of e-vehicles to price range and incentives. It also shows the locations of e-vehicle
charging stations around Delhi.
• The user can use 98103 36008 , whatsapp chatbot number that lists 5 options after the language is
preferred by the customers, such as Potential savings while switching to EV (EV Calculator), Find the right
EV for yourself (EV Search), Charging Stations, EV Pledge, and Frequently asked questions.
• Delhi
• Chief minister: Arvind Kejriwal
• Lieutenant Governor: Vinai Kumar Saxena
PIMS to come into effect from 1st October 2022
• The Directorate General of Foreign Trade,

has introduced Paper Import Monitoring
System by amending the import policy of
major paper products from ‘Free’ to ‘Free
subject to compulsory registration under
PIMS’.
• PIMS shall come into effect from 1st

paper import monitoring system
October 2022. However, the online facility
of registration will be available from 15th
July 2022.
• The PIMS shall be applicable on import by a Domestic Territory Area unit on a wide range of paper
products covering 201 tariff lines, such as newsprint, handmade paper, coated paper, uncoated paper,
Litho and offset paper, tissue paper, toilet paper, cartons, labels, etc.
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• However, paper products like currency paper, bank bond and Cheque paper, security printing paper, etc.
have been excluded from mandatory registration.
• As per PIMS, an importer will be required to obtain an automatic registration number through online
system by paying a registration fee of Rs. 500/- only, not earlier than 75th day and not later than 5th day
before the expected date of arrival of import consignment.
• The automatic registration Number shall remain valid for a period of 75 days and multiple consignments
Bill of Entry shall be allowed in same registration number within the validity period of registration, for the
permitted quantity.
• Further, registration under PIMS shall also be required at the point of import by a Unit in Special
Economic Zone/Free Trading Warehousing Zone or at the time of import by an Export Oriented Unit of the
items covered under PIMS.
Leh airport is being built as a carbon-neutral airport

• The Airports Authority of India, Leh
airport is being built as a carbon-neutral
airport, a first in India.
• A “Geothermal system” in hybridization

with Solar PV Plant will be provided in the New
airport Terminal Building for heating and
cooling purposes.
• It is estimated that 900 tons of carbon

emissions per year will be reduced after
adopting the Geothermal system at the Leh
Airport Terminal Building project.
• Airport Authority of India
• Headquarters: New Delhi
• Chairman: Sanjeev Kumar
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Union government launched “Jute Mark India logo”

legality
• Union government launched “Jute Mark
India logo”, which will act as “certification
of authenticity” for jute products.
• Jute Mark label will be attached with the

jute products. It will contain a unique QR
code. Customers can get to know about
producers by scanning the QR code.
• An outlay of Rs 485.58 crore has been

allocated for the scheme, to promote jute
sectors during financial year 2022-2026.
• National Jute Board is the nodal agency, for the promotion of jute and jute products in Indian and global
markets.
• During the financial year 2020-21, jute products of worth Rs 2740 crore were exported.
Prasar Bharati unveiled its new logo on the occasion of its Silver Jubilee
• India’s public broadcaster Prasar

Bharati unveiled its new logo in its silver
jubilee year.
• The organization started as All India

Radio in the past and Doordarshan was born to
cater to television services later and finally
came Prasar Bharati by the enactment of an act
by the parliament, which is visualized in the
logo identity as emerging and evolving from the
centre.
• The elements in the central circle and map of India signify the service of trust, security, and perfection
to the Nation, its colour, ‘Dark Moderate Blue’ represents both the sky and the sea and is associated
with open spaces, freedom, intuition, imagination, inspiration, and sensitivity.
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• Prasar Bharti
• Director-General: Mayank Kumar Agrawal
Govt to start nationwide campaign ‘Har Ghar Tiranga’

• The Central government will soon launch
a nationwide campaign Har Ghar
Tiranga to inspire countrymen to hoist
the national flag at their homes to mark
the 75th Independence Day.
• The initiative has been taken under the

aegis of Azadi ka Amrit Mahotsav, for
which the Ministry of Culture is the
nodal ministry.
• The Indian National Flag is a symbol of

national pride for the entire nation and to further honor the national flag.
• Union Home Minister Amit Shah who oversees all efforts under Azadi Ka Amrit Mahotsav has approved
the program of ‘Har Ghar Tiranga’.
• The use, display, and hoisting of the Indian National Flag is guided by the Flag Code of India, 2002.
• The Flag Code of India took effect on 26th January 2002.
• In December last year, the Flag Code of India, 2002, was amended and the National Flag made of
polyester or machine-made has been allowed.
• Now, the National Flag shall be made of handspun and handwoven or machine-made, cotton, polyester,
wool, silk, and khadi bunting.
• The National Flag shall be rectangular in shape and it can be of any size but the ratio of the length to the
width of the Flag shall be 3:2.
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Defence News
Sea Guardians-2 Maritime Exercise

• Pakistan Navy and Chinese People’s
Liberation Army Navy began their joint naval
exercise ‘Sea Guardians 2’ at a military port in
Wusong, Shanghai.
• Pakistan Navy’s most advanced guided-

missile frigate PNS Taimur is participating in ‘Sea
Guardians 2’.
• This is the second exercise of the ‘Sea

Guardians’ series. The first was held in January
2020 in the northern Arabian Sea off Karachi.
Awards And Recognitions
Japanese Govt. Honored Former PM Shinzo Abe Country’s

Highest Order Posthumously
• The Government of Japan honored the
former Prime Minister Shinzo Abe with the
Collar of the Supreme Order of the
Chrysanthemum, posthumously.
• He has been awarded the Junior First Rank

of Court and Grand Cordon of the Supreme
Order of the Chrysanthemum
Posthumously.
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• It is Japan’s highest award.
• Shinzo Abe became the fourth PM to receive the award under the post-war constitution.
• Before Shinzo Abe, other former PMs including Shigeru Yoshida, Eisaku Sato and Yasuhiro Nakasone
were also awarded with the same honor.
• It is the highest honor that a Japanese national can receive in his/her lifetime.
• It was introduced by Emperor Meiji of Japan in 1876.
• The Grand Cordon of the Supreme Orders of the Chrysanthemum was established in 1876, and the Collar
of the Supreme Orders of the Chrysanthemum in 1888.
• India awarded Shinzo Abe the Padma Vibhushan, the country’s second-highest civilian award – for
‘exceptional and distinguished service’ in the field of public affairs in 2021
• Japan
• Capital: Tokyo
• Prime minister: Fumio Kishida
• Currency: Japanese yen
Appointments And Resignations
Advent International appointed Pratik Pota as MD & CEO
• Pratik Pota was appointed by Advent

International to run Eureka Forbes as Managing
Director & CEO.
• Pratik was the CEO of Jubilant Foodworks

Ltd.
• He will be replacing Marzin R Shroff.
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• Advent International
• Managing Director: Sahil Dalal
• Headquarters: Boston, Massachusetts, United States
Sanjai Kumar appointed as CMD of Raitel
• The public enterprise’s selection board

has selected Sanjai Kumar for the post
of Chairman & Managing Director,
RailTel Corporation of India Ltd.
• Currently, he is serving as Director

(Network Planning & Marketing) and
(Project, Operations & Maintenance –
Additional Charge) in Railtel.
• He will replace Ms. Aruna Singh.
• RailTel Corporation of India Ltd.
• Chairman & MD: Sanjai Kumar
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International News
First image from NASA’s James Webb Space Telescope

• US President Joe Biden released one of
the James Webb Space Telescope’s first images
in a preview event at the White House in
Washington.
• This first image from NASA’s James

Webb Space Telescope is the deepest and
sharpest infrared image of the distant universe
to date.
• This deep field, taken by Webb’s Near-

Infrared Camera is a composite made from
images at different wavelengths, totaling 12.5 hours achieving depths at infrared wavelengths beyond
the Hubble Space Telescope’s deepest fields, which took weeks.
• The image shows the galaxy cluster SMACS 0723 as it appeared 4.6 billion years ago.
• Meanwhile, Nasa, in partnership with the European Space Agency and the Canadian Space Agency, will
release the James Webb Space Telescope’s first full-colour images and spectroscopic data through a
live broadcast.
• The Webb telescope lifted off on an Ariane 5 rocket from Europe’s Spaceport in French Guiana on
December 25, 2021, on its mission to unlock the secrets of the Universe.
• The spacecraft travelled for over a month to reach its destination nearly 15,00,000 kilometres away from
home for an unhindered view of the cosmos.
• National Aeronautics and Space Administration
• Headquarters: Washington D.C., United States
• Administrator : Bill Nelson
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Researchers from US recently developed “POP-FAME” : Rocket

fuel from Bacteria
• Researchers from US Lawrence-Berkeley
Lab recently developed “POP-FAME”,
which is a fuel from a bacterium.
• It has more energy than even the rocket

fuels have.
• As per simulation data, POP-FAME fuel

has energy density values more than 50
megajoules per litre, against 32 MJ for
petrol and 35 MJ for RP-1, which is a
rocket fuel based on kerosene.
• POP-FAME fuel name stands for “Polycyclopropanated Fatty Acid Methyl Ester”.
Sports
Asian U-20 & U-15 Wrestling Championships

• The 2022 U-15 and U-20 Asian Wrestling
Championship held at the Khalifa Sports City
arena in Manama, Bahrain
• India’s U-20 wrestlers bagged 22 medals

including 4 gold, 9 silver and 9 bronze medals in
the Asian U-20 Wrestling Championships
• India ranked 2nd in the women’s

wrestling, 2nd in men’s freestyle and 5th in the
team ranking in Men’s Greco-Roman
competition.
• India won 2022 U-15 Asian Wrestling Championship in Freestyle Wrestling team ranking with 4 gold, 2
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silver, and 1 bronze medal. Indian Under-15 Greco Roman Wrestling Team secured third place.
Winners List of India’s U-20 wrestlers :
• Gold medal (Men & Women)
Winner (Gender)
Arju (Woman)
Antrim (Woman)
Priyanka (Woman)
Sujeet (Man)
Obituaries
Monty Norman, a British composer passed away

• Monty Norman, a British composer
who wrote the theme tune for the
James Bond films has died
• He was hired by producer Albert

“Cubby” Broccoli to compose a theme
for the first James Bond film, “Dr. No,”
released in 1962.
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Recent News
Recent news related to Jharkhand - June

• The World Health Organization has chosen Jharkhand for the World No Tobacco Day Award-2022 in
recognition of the state’s efforts to reduce tobacco usage.
Recent news related to Delhi - June

• Three years after it first mooted the idea of removing the name “Harijan (term used to refer to Dalits)”
from certain streets and colonies of Delhi, Delhi government prepared a proposal to rename all such
colonies and streets after Dalit leader and architect of the Indian Constitution, Dr BR Ambedkar.
• Delhi Government in partnership with the United Nations Development Programme India, has set up an
oxygen generation plant at G. B. Pant Hospital to augment the oxygen supply capabilities.
• The Delhi government announced a ban on entry of medium and heavy vehicles in the city from October
1 to February 28 next year, to keep a check on pollution levels in this winter.
• Election commission of India has appointed Indian cricketer Yash Dhull as the ECI State Icon for National
Capital Territory of Delhi to encourage the youngsters of Delhi.
• The Central Govt. has appointed Justice Dhirubhai Naranbhai Patel, Chief Justice of Delhi High Court.
Recent News related to Prasar Bharti - June

• Mayank Kumar Agrawal, director general of Doordarshan and Doordarshan News, has been assigned
additional responsibility as Prasar Bharati’s chief executive officer.
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Recent News related to Japan - June

• Japanese Prime Minister, Fumio Kishida will attend this month’s NATO summit in Madrid, becoming the
country’s first leader to join a top meeting of the transatlantic alliance.
Recent news related to NASA - June

• NASA is set to launch a mission called “DAVINCI Mission”. DAVINCI stands for “Deep Atmosphere Venus
Investigation of Noble gases, Chemistry and Imaging Mission”.
• Datair Technology Private Limited (Ambee) has joined the PACE (Plankton, Aerosol, Cloud, ocean
Ecosystem) mission of National Aeronautics and Space Administration the space agency of the United
States of America as an early adopter.
• The National Aeronautics and Space Administration the space agency of the United States launched a
NASA Black Brant IX suborbital sounding rocket from the Arnhem Space Center on the Dhupuma Plateau
near Nhulunbuy in Australia.
Banking And Financial News
Retail inflation, based on the consumer price index eased to

7.01 per cent in June
• Retail inflation, based on the consumer
price index, eased to 7.01 per cent in June this
year compared to 7.04 per cent in the preceding
month.
• In June 2022, inflation in the food basket

came at 7.56 per cent, compared to 7.84 per
cent in May this year.
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• Surging global commodity prices due to the Russia-Ukraine war and high crude oil prices have kept
inflation above RBI’s six per cent upper tolerance range.
2022 CPI
January 6.01%
February 6.04%
March 6.95%
April 7.79%
May 7.04%
June 7.01%
SBICAP Ventures Signed MoU with External Affairs Ministry For

TDC Fund
• SBICAP Ventures Ltd. has signed a
Memorandum of Understanding with the
Ministry of External Affairs to create the
Trilateral Development Cooperation Fund
for joint projects with global partners.
• India would contribute approximately Rs.

175 crore (£17.5 million) to the Global
Innovation Development Fund through the
TDC Fund.
• SVL is presently actively managing three funds– Neev Fund, SWAMIH Investment Fund I and SVL- SME
fund.
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• The Trilateral Development Cooperation (TDC) Fund, a platform recently launched by the MEA, will
integrate the public and private sectors with state support for large-scale investments in the Indo-Pacific
region (which includes the tropical waters of the Indian Ocean, the western and central Pacific Oceans,
and the seas connecting the two in the general area of Indonesia) and other regions.
• TDC is aimed at providing an alternative to the Chinese development partnership model, the Belt- Road
Initiative (BRI), formerly known as One Belt One Road or OBOR for short, is a global infrastructure
development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and
international organizations.
• Under the India-United Kingdom Global Innovation Partnership, the GIP Fund is intended to be
established as an Alternative Investment Fund in collaboration with the Foreign, Commonwealth and
Development Office
• The GIP Fund will invest primarily in small and medium-sized enterprises in India that address
development challenges in accordance with the goals and objectives of the GIP.
• The GIP Fund will target innovative Indian enterprises that are at an advanced stage but do not have
access to funding for expansion to other developing countries.
• In addition to facilitating the GIP programme for MEA, SVL will serve as the TDC Fund’s administrator-
cum- advisor (Investment Manager).
• Similar to the GIP Fund, established in collaboration with other partner nations under the TDC
framework, MEA may in the future use the TDC Fund to contribute to AIFs.
• India aims to contribute to the GIP through the TDC Fund, which would globalise Indian start-ups and
innovations through grants, development capital investment, and technical assistance.
• Static Awareness related to News
SBICAP Ventures Ltd.
• Headquarters: Mumbai
• CEO: Varsha Purandare
Ministry of External Affairs
• Union Minister: Dr. Subrahmanyam Jaishankar
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25th Financial Stability Report by RBI

• The Reserve Bank of India released the
25th issue of the Financial Stability Report (FSR)
which reflects the collective assessment of the
Sub-Committee of the Financial Stability and
Development Council on risks to financial
stability and the resilience of the financial
system.
• As per the report, the global economy

outlook is considerably uncertain because of the
Russia- Ukraine war, front-loaded monetary
policy normalization by central banks due to high inflation and multiple waves of the COVID-19 pandemic.
• In the latest systemic risk survey conducted by the Reserve Bank in May 2022, global spillovers and
financial market volatility moved to the ‘high’risk category.
• Scheduled commercial banks maintained robust capital positions, with the Capital to Risk Weighted
Assets Ratio (CRAR) and Common Equity Tier 1 (CET-1) Ratio of SCBs as high as 16.7 per cent and 13.6
per cent, respectively in March 2022.
• The CRAR of urban co-operative banks rose to 15.8 per cent in March 2022 while that of NBFCs stood at
26.9 per cent.
• The number of demat accounts of individuals increased 3.4 times on Central Depository Services (India)
Limited, and 1.5 times on National Securities Depository Limited (NSDL) since January 2020.
• Indian stocks’ capitalisation was 1.12 times GDP, above its 10-year average of 0.79.
• The Bond-Equity Earnings-Yield Ratio (BEER), a measure of the relative attractiveness of equities vis-à-vis
bonds – has also dipped below its long-term average of 1.61.
• There is widening of the investor base due to the decline in real returns on fixed income investments,
simplification of Know Your Customer (KYC) registration processes, effective use of digital technology and
opening of online accounts, enhanced availability of investment information on digital modes and
growing public awareness.
• As per the report Gross Non Performing Assets (GNPAs) of SCBs fell to a six-year low of 5.9 per cent in
March 2022 and could fall further to 5.3% by March 2023 This is based upon the under the baseline
scenario driven by higher expected bank credit growth and declining trend in the stock of GNPAs, among
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other factors.
• If the macroeconomic environment worsens to a medium or severe stress scenario, the GNPA ratio may
rise to 6.2% and 8.3% respectively.
• It may be noted that GNPAs of SCBs were at 7.4% in March 2021.
• Net NPA ratio also fell by 70 basis points (bps) during 2021-22 and stood at 1.7% at the year-end while
the Provisioning Coverage Ratio (PCR) improved to 70.9% in March 2022 from 67.6% in March 2021.
• India’s NPA ratio is one of the highest among other comparable countries. Russia’s NPA ratio stood at
8.3% followed by India with 5.9% ,South Africa stood at 5.2%,France at 2.7%,Indonesia at 2.6%,and China
1.8%.
• Reserve Bank of India
• Headquarters: Mumbai, India
• Governor: Shaktikanta Das
TATA AIA partnered with City Union Bank Partners to Offer

Health and Life Insurance
• Tata AIA Life Insurance Company Ltd.
has formed a strategic collaboration
with City Union Bank in order to
provide life and health insurance
solutions to the bank’s customers.
• Tata AIA Life Insurance Company Limited

is a joint venture between Tata Sons
Pvt. Ltd. and AIA Group Ltd
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• Static Awareness related to News
TATA AIA Life Insurance
• CEO: Naveen Tahilyani
• Headquarters: Mumbai
City Union Bank
• Headquarters: Kumbakonam, Tamil Nadu
• Chairman: R Mohan
• MD & CEO: N. Kamakodi
IRDAI Set up 2 Task Forces to Resolve Issues between Insurers &

Reinsurers
• Insurance Regulatory and
Development Authority of India set up two
task forces to resolve issues between insurers
and reinsurers. The task force will submit the
reports in 3 weeks.
• First Panel – It consists of 9 members

to sort out the issues between non-life
insurers and reinsurers.It headed by Bhargav
Dasgupta, MD & CEO, ICICI Lombard General
Insurance.
• The panel gives suggestions on applicability of compliance requirements, and faster settlement and
payment mechanism among the re-insurers and cross border reinsurers
• Second Panel – The life insurance sector consists of 7 members to sort out the life insurance segment
and re-insurers.It is headed by Naveen Tahilyani, MD & CEO, Tata AIA Life Insurance.
• The team will analyse and recommend on stabilisation of reinsurance rates, capacity constraints with
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reinsurers, securitisation of mortality risk and financial reinsurance solutions.
• Bima Manthan is the platform for continuous engagement of IRDAI and the top brass of the insurers
which promotes discussion and churning on ideas in a free, frank and constructive way.
• Insurance Regulatory and Development Authority of India (IRDAI):
• Chairman: Debasish Panda
• Headquarters: Hyderabad
Recent News
Recent news related to Reserve Bank of India - June

• Reserve Bank of India, had constituted an Advisory Committee under Rule 5 (c) of the Insolvency and
Bankruptcy Rules, 2019, to advise the Administrator in the operations of the financial service providers
during the corporate insolvency resolution process.
• ToneTag, a brand of Naffa Innovations Pvt Ltd, has been named the winner of two categories in the
Reserve Bank of India’s first global hackathon, HARBINGER 2021-Innovation for Transformation”.
• Reserve Bank of India came out with a set of norms for provisioning for standard assets by large Non-
Banking Financial Companies in view of the increasing role played by such entities in the financial system.
• According to Reserve Bank of India data, India’s foreign exchange (forex) reserves increased by USD 3.854
billion to USD 601.363 billion, owing to a substantial growth in the country’s foreign currency assets.
• The RBI has cancelled the CoR of Malik Motor Finance Limited, Noida, Uttar Pradesh, in exercise of its
powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934The RBI has also cancelled the CoRs
of the following housing financing companies, exercising powers granted to it under Section 29A (6) of
the National Housing Bank Act, 1987.
• The Reserve Bank of India has raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to
Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments and Unified Payments
Interface for recurring transactions.
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• Reserve Bank of India extended the timeline for implementation of certain provisions of the master
directions it issued on issuance of debit cards and credit cards by three months from July 1, 2022 to
October 1, 2022.
• The Reserve Bank of India has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for
non-compliance with certain directions of the central bank.
• The State Bank of India has received an in-principle approval from the Reserve Bank of India for the
establishment of an operations support subsidiary with the objective of lowering the cost-to-income
ratio.
Recent news related to IRDAI – June

• The Insurance Regulatory and Development Authority of India reduced the capital required to be held by
insurers offering Pradhan Mantri Jeevan Jyoti Bima Yojana by almost 50%.
• The Insurance Regulatory and Development Authority of India has extended the ‘Use and File’ procedure
for most of the Life Insurance products which means the life insurance companies can also launch these
products without prior approval of IRDAI.
• Insurance Regulatory and Development Authority of India has reduced the solvency margin requirement
for general insurers doing crop business. This decision frees up a capital of Rs 1400 crore which will
increase the capacity of general insurers to underwrite more business.
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Daily Current Affairs by Kapil Kathpal- 15th July 2022

1) PM Modi inaugurated and set the cornerstone for a number of projects

2) 17th campus of the NIFT opened in Panchkula

4) PIMS to come into effect from 1st October 2022

5) Leh airport is being built as a carbon-neutral airport

6) Union government launched “Jute Mark India logo”

8) Govt to start nationwide campaign ‘Har Ghar Tiranga’

9) Sea Guardians-2 Maritime Exercise

11) Advent International appointed Pratik Pota as MD & CEO

12) Sanjai Kumar appointed as CMD of Raitel

13) First image from NASA’s James Webb Space Telescope

14) Researchers from US recently developed “POP-FAME” : Rocket fuel from

15) Asian U-20 & U-15 Wrestling Championships

16) Monty Norman, a British composer passed away

17) Recent News

20) 25th Financial Stability Report by RBI

23) Recent News

PM Modi inaugurated and set the cornerstone for a number of

• Prime Minister Narendra Modi inagurated

• The prime minister also dedicated, the In-

• He has taken part in an 11.5-km-long

Static Awareness related to News

• Chief minister: Hemant Soren

• Governor: Ramesh Bais

17th campus of the NIFT opened in Panchkula

• The 17th campus of the National Institute

DSEU & UNICEF Partners on Pilot Project for Employment; Sah-Bhagita

• Delhi Skill and Entrepreneurship

• This pilot project will start at Ambedkar

• This involves around 1,000 active job

Static Awareness related to News

• Chief minister: Arvind Kejriwal

• Lieutenant Governor: Vinai Kumar Saxena

PIMS to come into effect from 1st October 2022

• The Directorate General of Foreign Trade,

• PIMS shall come into effect from 1st

Leh airport is being built as a carbon-neutral airport

• A “Geothermal system” in hybridization

• It is estimated that 900 tons of carbon

Static Awareness related to News

• Airport Authority of India

• Headquarters: New Delhi

• Chairman: Sanjeev Kumar

Union government launched “Jute Mark India logo”

• Jute Mark label will be attached with the

• An outlay of Rs 485.58 crore has been

• India’s public broadcaster Prasar

• The organization started as All India

Static Awareness related to News

• Headquarters: New Delhi

• Director-General: Mayank Kumar Agrawal

Govt to start nationwide campaign ‘Har Ghar Tiranga’

• The initiative has been taken under the

• The Indian National Flag is a symbol of

• The Flag Code of India took effect on 26th January 2002.

Sea Guardians-2 Maritime Exercise

• Pakistan Navy’s most advanced guided-

• This is the second exercise of the ‘Sea

Awards And Recognitions

Japanese Govt. Honored Former PM Shinzo Abe Country’s

• He has been awarded the Junior First Rank

• It is Japan’s highest award.