1. Haryana govt appoints Babita Phogat, Kavita Devi as deputy directors in Sports and Youth Affairs Department Commonwealth Games medallist Babita Phogat and Kabaddi player Kavita Devi have been appointed as deputy directors in the Sports and Youth Affairs Department of Haryana. The announcement was through two separate orders issued…
1. Bombay Flying Club Becomes Country’s First DGCA-approved Drone Training School The Bombay Flying Club has become the first DGCA-approved drone training school of the country. The DGCA approved the club’s application “for conducting remote pilot training for remotely piloted aircraft systems”. The ministry has started the registration process from…
1. The World Health Organization observed 28th July every year as “World Hepatitis Day” The day is celebrated to enhance awareness of viral hepatitis, an inflammation of the liver that causes a range of health problems, including liver cancer. This year’s theme is “Hepatitis-free future,” with a strong focus on…
1. India-UK affirm shared commitment towards Free Trade Agreement India and the United Kingdom affirmed their shared commitment towards a Free Trade Agreement during the 14th Joint Economic and Trade Committee meeting on July 24, 2020. The virtual meeting was co-chaired by Union Minister for Commerce and Industry Piyush Goyal…
1. National Thermal Engineer Day observed on 24 July 2020
National Thermal Engineer Day is celebrated on July 24 to appreciate the contribution of thermal engineers in everyday life.
The day commemorates the importance of thermal management in the electronics industry and the engineers and companies that make it possible.
Irrespective of the market sector without the contributions of thermal engineers, the electronics that are an integral part of today’s life and the cornerstone of our nation’s technological advancement would not be possible.
Thermal engineering deals with the research, design, and modeling of heat transfer equipment and processes.
2. India and Israel join hands to develop rapid testing for COVID-19 in under 30 seconds
Israel and India will work together to develop a new generation set of Covid-19 tests that aim to bring the entire testing process down to a few seconds.
Using artificial intelligence and machine learning, these breakthrough technologies will be tested in India.
If it is successful, it will be manufactured in India, and marketed jointly by Israel and India to the world.
To achieve this, Israel is to send a high level research delegation to India.
The team will conduct a series of final stages of testing and this is a part of the cooperation.
3. Nicaragua becomes the 87th Country to sign the International Solar Alliance Framework Agreement
The Republic of Nicaragua became the 87th country to sign the International Solar Alliance(ISA) Framework Agreement, an initiative to promote sustainable energy, led by India.
E. Jaime Hermida Castillo, Permanent Representative to the UN of the Republic of Nicaragua, signed the Agreement at the Permanent Mission of India to the United Nations, New York.
On 30th November 2015 the initiative was jointly launched by Narendra Modi, Prime Minister of India and Francois Hollande, former French President at the United Nations(UN) Climate Change Conference held in Paris.
4. DRDO sets up COVID-19 testing facility at Leh
The DRDO has established a COVID-19 testing facility at the Defence Institute of High Altitude Research (DIHAR) in Leh.
It has been established to augment the existing capacity for identification of coronavirus cases in the union territory of Ladakh.
The testing facility was inaugurated by Ladakh Lieutenant Governor R. K. Mathur.
It is capable of screening 50 samples per day.
The DIHAR is one of the life sciences laboratories of the Defence Research and Development Organisation (DRDO) working on cold arid agro-animal technologies.
5. Indian Navy’s Largest solar power plant commissioned in Kerala
Flag Officer Commanding-in-Chief, Southern Naval Command Vice Admiral Anil Kumar Chawla commissioned the largest Solar Power Plant in the Indian Navy, with a capacity of 3 MW, at Indian Naval Academy (INA), Ezhimala.
This is in line with the Government of India initiative of “National Solar Mission” to achieve 100 GW of solar power by 2022.
The solar plant has an estimated life of 25 years.
All components have been indigenously sourced, including 9180 highly efficient monocrystalline solar panels employing the latest technology.
The solar power plant project will help Naval station in reducing the carbon footprint and is one of the many initiatives undertaken by INA towards a clean and green environment.
6. Bank of Baroda launches paperless ‘Insta Click Savings Account’
Bank of Baroda (BoB) has launched ‘Insta Click Savings Account’, a 100 per cent paperless digital self-assisted online savings account.
India’s third-largest public sector bank said the Insta Click Savings Account uses a new form of digital KYC (know-your-customer) and Aadhaar-based OTP (one-time personal identification number) authentication of the customer, which can be operated from the bank’s website, through mobile phone, IPad, laptop, and PC.
The account is activated in real-time, which means the customer can start transacting, using the Baroda M Connect Plus application with the MPIN received on the mobile number, immediately.
The product also offers customers the option to subscribe to a wide range of digital channels like mobile banking, Internet banking, UPI (unified payments interface), and debit card.
7. Dr Alok Misra appointed as CEO & Director of MFIN
Microfinance Institutions Network (MFIN), the self-regulatory organization (SRO) for the microfinance industry, announced that Alok Misra will be taking over as its chief executive officer and director from August 1, 2020.
Misra is currently professor and chairperson of public policy and governance at MDI Gurgaon.
He will take over from the present CEO, Harsh Shrivastava, who has decided to move on after over two years at MFIN.
Dr. Alok Misra has 28 years of professional experience in international development, rural finance, microfinance, inclusive finance and research at both policy and implementation level.
Dr Misra has worked globally across 22 countries and with premier institutions like NABARD, NCDEX and MDI.
8. Legendary Jazz Singer Annie Ross passes away at age of 89
Annie Ross, a popular jazz singer in the 1950s before crossing over into a successful film career, has died. She was 89.
Ross rose to fame as the lead vocalist of one of jazz’s most well-respected groups, Lambert, Hendricks and Ross.
The trio became known for the 1952 hit “Twisted,” a tune by saxophonist Wardell Gray and written by Ross.
A decade later, Lambert, Hendricks and Ross went on to win a Grammy Award for the album High Flying.”
9. RIL becomes the 1st Indian company to reach Market Cap of Rs 13 lakh crore
As stock market data, Reliance Industries Limited (RIL) becomes the 1st Indian company to reach Market Capitalisation (m-cap) of Rs 13 lakh crore.
It becomes the world’s 48th largest company by m-cap, ahead of Abbott Labs, Oracle, Chevron and Unilever.
It also crossed the stock price of Rs 2000 for the 1st time.
Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.
Reliance is the 10th highest m-cap company in Asia. China’s Alibaba Group is ranked 7th globally.
The United States listed Reliance Jio among the companies that are becoming “Clean Telcos”(who reject doing business with tools of the Chinese Communist Party’s surveillance state, like Huawei).
10. India’s GDP To Shrink By 6% This Year: DBS Report
Singaporean brokerage firm DBS Bank Ltd has estimated that the Indian economy will contract by 6 percent in FY21 (2020-21).
In its previous forecast,, DBS had estimated – 4.8 percent growth for FY21.
The reason for this downward revision is the prolonged sub-normal reopening as the country is yet to stabilize the infection curve and the pandemic is going to take a deeper economic bite.
1. FamPay launches India’s first numberless payments card for teenagers
India’s first Neobank for teenagers, in partnership with IDFC First Bank launched India’s 1st numberless card, FamCard.
FamPay with National Payments Corporation of India(NPCI) developed this card.
This card is accepted across the RuPay payment network of merchants.
It is similar to a debit card which enables teenagers to transact in a cashless manner.
Teenagers can use the card independently without the intervention of the parents.
The details of the card are saved on the FamPay app. There is no need to refer the physical card to fill in details during online transactions.
2. Flipkart acquires Walmart India’s wholesale biz to help transform kiranas
E-commerce company Flipkart has acquired 100 percent stake in Walmart India Private Limited, which operates the Best Price cash-and-carry business.
Flipkart announced on July 23, 2020 that it has acquired parent company, Walmart Inc’s Best Price wholesale cash-and-carry business in India.
The move will allow Flipkart to launch a digital marketplace called Flipkart Wholesale next month.
This will also strengthen the e-commerce firm’s wholesale offerings, to compete better with Amazon.
Walmart has been running the Best Price wholesale cash-and-carry stores in India since 2009.
The American retail giant had bought a controlling stake worth USD 16 billion in Flipkart in 2018.
3. Sahil Seth appointed as honorary adviser for BRICS CCI
Sahil Seth has been appointed an honorary adviser to the steering committee for the BRICS Chamber of Commerce (CCI) young leaders for the period of 2020-2023.
He is a deputy Commissioner of Mumbai Customs.
Mr. Seth who is a 2011 batch Indian Revenue Service Officer, expressed his pleasure on being appointed as an honorary advisor which gives him a chance to represent his country.
He added that BRICS CCI young leaders is a step in motivating the youth of India.
The role of an honorary advisor is on a voluntary basis and there are no financials involved which makes it a no/remuneration appointment.
BRICS CCI aims at creating an enabling support system especially for the MSME segment and young entrepreneurs from all over the world.
4. China launched “Tianwen-1” ambitious Mars rover mission
China launched its first ambitious Mars Rover Mission- ‘Tianwen-1’ on July 23, 2020 aboard Long March 5 rocket from Hainan Island’s Wenchang Satellite Launch Center.
As per China’s space agency, the rocket carried the Mars probe for 36 minutes before successfully placing it on the looping path, which will take it beyond Earth’s orbit and eventually into Mars’ more distant orbit around the sun.
Tianwen-1 includes a Mars orbiter, a lander and a rover.
The mission, if successful, will mark a huge first in human history, as it includes a Mars orbiter, lander and rover all in one go.
Tianwen-1 is China’s first fully homegrown Mars mission. The name of the Mars probe has been taken from a poem by Qu Yuan, who lived from the 4th -3rd B.C. and it means “Questions to Heaven.”
5. Turkmenistan gets observer status in World Trade Organization
Turkmenistan has been granted Observer status by the World Trade Organization (WTO) General Council.
Turkmenistan has become the last former Soviet republic to establish formal ties with the trade body, a WTO Spokesperson said yesterday.
The Central Asian country filed a request for Observer status in May and expressed willingness to trigger the talks on accession to the WTO within five years.
Neighbouring Central Asian countries — Kazakhstan, Kyrgyz Republic, Tajikistan and Afghanistan have acceded to the WTO, while Uzbekistan has been in on-and-off negotiations on WTO accession since 1994.
6. National Broadcasting Day is observed every year on 23 July
On this day in 1927, the first ever radio broadcast in the country went on air from Bombay.
In the last 93 years, Radio broadcast in the country has achieved several milestones.
Since 1927, radio has been an important part in people’s life in India.
On 8th of June 1936, the Indian State Broadcasting Service became All India Radio.
7. Sonu Sood launches ‘Pravasi Rojgar’ app to help migrants find job opportunities
Actor Sonu Sood has launched a free online platform called ‘Pravasi Rojgar’ to help migrants find job opportunities in various sectors across the country.
Mr Sood catapulted to the national spotlight for his work in helping migrants reach their homes amid the COVID-19 pandemic.
The app will provide all the necessary information and right linkages to find jobs.
The online platform has over 500 reputed companies related to construction, apparel, health care, engineering, BPOs, security, automobile, e-commerce and logistics sectors, offering job opportunities.
The platform will also be offering specific job training programmes like spoken English.
8. Punjab govt. signs MoUs with IIT Ropar for skill development
Punjab Chief Minister Amarinder Singh Tuesday paved the way for closer cooperation between government and IIT Ropar and IIM Amritsar, particularly in the area of skill development.
The Punjab government has signed a memorandum of understanding (MoU) with the Indian Institute of Technology, Ropar, in the area of skill development.
The MoU provides for the IIT’s technical education department to become an academic mentor for the state’s engineering colleges at Gurdaspur and Ferozepur, Sri Guru Gobind Singh Skill Institute at Chamkaur Sahib, five government polytechnics and 10 government ITIs.
The institute will also help the state in developing a model ITI and a model polytechnic.
Others would be modelled on similar lines subsequently.
Punjab Government helps to resolve the IIT’s land acquisition-related issues, while urging the institute to develop its campus as a green campus, with extensive landscaping and afforestation.
9. Riva Ganguly Das appointed Secretary (East) in External Affairs Ministry
India’s High Commissioner to Bangladesh, Riva Ganguly Das is appointed by the Government as the Secretary East, in the Ministry of External Affairs.
Das is an Indian Foreign Service officer of 1986 batch.
He will succeed Ms. Vijay Thakur Singh after her retirement on 30th September this year.
10. SBI General Insurance appoints P.C. Kandpal as MD, CEO
Prakash Chandra Kandpal has been appointed as the managing director and chief executive officer of the Non-life insurer SBI General Insurance.
He has been serving as the deputy CEO of SBI General Insurance since June 2019.
He will replace Pushan Mahapatra who has been appointed as director (strategic investments & digital initiatives).
Prakash Chandra Kandpal has more than 33 years of banking experience with State Bank of India (SBI) in various aspects such as retail and international banking, human resource, technology, and learning and development.
He has also served as the chief operating officer of the SBI Mutual Fund.