Today’s Current Affairs 24th – July- 2018 – MyProgressCard

New Appointments

1. Rishi Srivastava appointed as CEO and MD of TATA AIA

Image Credit: Exchange4media

• Rishi Srivastava has been appointed the new Chief Executive Officer & Managing Director of Tata AIA Life. He replaces Naveen Tahilyani.
• Srivastava is currently the Chief of Proprietary Channels, Product, Marketing & Corporate Communication at Tata AIA.

2. Justice Tahira Safdar to be first woman chief justice of any court in Pakistan

Image Credit: The Indian Express

• Justice Tahira Safdar has been made the Chief Justice of the Balochistan high court, Pakistan, by Chief Justice Mian Saqib Nisar.
• With this move, she became the first woman chief justice of any court in Pakistan.
• In 1982, she became the first woman civil judge in Balochistan.

National News

3. India extends $200 million credit lines to Rwanda

Image Credit: Business Line

• India has extended $200 million line of credit to Rwanda during PM Modi’s meeting with Rwanda’s President Paul Kagame.
• After discussing measures to strengthen cooperation in trade and agriculture sector with President Kagame, Modi announced that India will soon open its mission in Rwanda.
• The two countries signed agreements on leather and allied areas and agricultural research. In total, the two countries signed 8 agreements.

Static/Current Implications:

• Capital of Rwanda – Kigali
• Currency – Rwandan franc

4. 19th Kargil Vijay Diwas celebrations began

Image Credit: AIR News

• The 19th Kargil Vijay Diwas celebrations began at the Drass War Memorial in Jammu and Kashmir.
• The Kargil Vijay Diwas is celebrated every year for three days till 26th July to commemorate India’s emphatic victory against Pakistan.
• During the war, the Indian Army evicted Pakistani intruders and succeeded in recapturing the Tiger Hill and other posts as a part of Operation Vijay.

5. #Childline1098 Contest- ‘Spot the Logo and Suggest a Tagline’ – launched by Ministry of Women and Child Development

Image Credit: Janam TV National

• The Ministry of Women and Child Development launched a contest named – #ChildLine1098 to mark World Day against Trafficking in Persons on July 30.
• The ministry invited people to share images of the ChildLine 1098 logo that they can spot and send it with a tagline.
• This is a part of the steps taken to address trafficking and sexual abuse of children.
• Also, the Ministry of women & Child development signed a MoU with the Ministry of Railways to rescue and rehabilitate runaway, abandoned, kidnapped and trafficked children via Railways.

6. Bihar starts online transfer of diesel subsidy to farmers

Image Credit: News Nation

• CM Nitish Kumar launched the online transfer of diesel subsidy directly into the bank accounts of farmers in Bihar.
• Now, registered farmers will directly get the payment of diesel subsidy into their bank accounts.
• The scheme reduces the time gap of getting money to bank accounts for diesel subsidy from 3 months to 25 days.

Static/Current Implications:

• Capital of Bihar – Patna
• Governor – Satya Pal Malik

7. Lok Sabha passes Bill on cheque bounce cases

Image Credit: India TV

• The Lok Sabha passed the Negotiable Instruments (Amendment) Bill, 2017, which aims to reduce delays in resolution of cheque bouncing cases.
• The Negotiable Instruments (Amendment) Bill, 2017, aims to amend the Negotiable Instruments Act, 1881.
• Negotiable Instruments (Amendment) Bill, 2017 has the provision to allow a court trying an offence related to cheque bouncing, to direct the drawer to pay interim compensation to the complainant.
• Minister of State for Finance Shiv Pratap Shukla said that, 16 lakh cheque bouncing cases are waiting in the subordinate courts and 35 thousand cases in the higher judiciary.

Banking News

8. Banks and Financial institutions in India signed Pact on Bad Loan Resolution Framework

Image Credit: NDTV.com

• The ICA framework is a part of project ‘Sashakt’, which aims to take concerted efforts towards resolving dud loans under Rs.500 crore.
• The project is headed by Sunil Mehta (non-executive chairman of PNB).
• 22 public sector banks (including India Post Payments Bank), 19 private sector banks, 32 foreign banks and financial institutions signed the Inter-Creditor Agreement (ICA) framework.
• The new framework is applicable to accounts with exposures of over ₹2,000 crore where lenders must implement the resolution plan within 180 days.

Obituaries

9. Veteran Bengali actress Basabi Nandi passed away

• Bengali actress Basabi Nandi passed away due to cardiac arrest at the age of 82.
• She was also a playback singer.
• In 1974, she received the Best Supporting Actress Award from Bengal Film Journalists Association.

Expected GK questions from the above current affairs

1. India and Rwanda signed how many agreements following delegation-level talks between Prime Minister Narendra Modi and Rwandan President Paul Kagame in Kigali?

A. 8                                                                                      C. 7
B. 6                                                                                       D. 5

2. Which of the following country has recently got its first-ever woman Chief Justice of a high court, Justice Tahira Safdar?

A. Afghanistan                                                                 C. Pakistan
B. Bangladesh                                                                  D. Sri Lanka

3. Nearly two dozen Banks and Financial Institutions have signed the inter-creditor agreement (ICA) framework to speed up the resolution of stressed assets which are under the 500-crore rupee bracket. The framework is a part of which project?

A. SAKSHAM                                                                C. SAMARTH
B. SABAL                                                                       D. SASHAKT

4. The Lok Sabha passed which bill that aims to reduce delays in resolution of cheque bouncing cases?

A. Negotiable Instruments (Amendment) Bill, 2017
B. Banking Instruments (Amendment) Bill, 2018
C. Market Instruments (Amendment) Bill, 2017
D. Money Market (Amendment) Bill, 2018

5. To mark World Day against Trafficking in Persons on July 30, The Ministry of Women and Child Development launched a contest. What is the name of the contest?

A. #Childline1098                                                   C. #Childline1021
B. #SaveChildren101                                               D. #FightChildAbuse108

6. Who has been appointed the new Chief Executive Officer & Managing Director Tata AIA Life?

A. Sarika Das                                                            C. Rishi Srivastava
B. Rana Kapoor                                                        D. John Victor

7. Actress Basabi Nandi passed away due to cardiac arrest. She acted in movies of mostly which language?

A. Hindi                                                                       C. Marathi
B. Bengali                                                                  D. Kannada

8.  Which of the following states started the online transfer of diesel subsidy money to farmers’ bank accounts directly, thus reducing the time of transfer of money to farmers from 3 months to 25 days?

A. Jharkhand                                                              C. Bihar
B. Madhya Pradesh                                                   D. Uttar Pradesh

9. When is Kargil Vijay Diwas observed?

A. 1st July                                                                  C. 3rd July
B. 18th July                                                                D. 26th July