21st July, 2022

1. Central govt has launched the National Standards for Civil Service Training Institutions, for improving the quality and capacity.
2. National Health Authority (NHA) is organising its first hackathon under the Ayushman Bharat Digital Mission Hackathon Series at the Smart City Operations Centre, Pune, Maharashtra in hybrid format.
3. IIT-Kanpur has developed a bio-inspired artificial muscle for next-generation space robots and medical prostheses.
4. Flipkart has signed an agreement with the Bihar State Skill Development Mission to launch the initiatives of the Supply Chain Operations Academy (SCOA) in the state.
5. Delhi govt is running the Mission Buniyaad to help bridge the learning gaps caused by COVID-induced lockdowns.
6. 8th edition of the BRICS Labour and Employment Ministers’ Meeting was held at Beijing, China.
7. CSIR- Central Electrochemical Research Institute (CECRI) has partnered with Hyderabad-based GODI India to set up an advanced Lithium-ion cell manufacturing unit in Taramani, Chennai.
8. Central government has declared “zero coupon zero principal instruments” as securities that can be listed on particular exchanges, under the Securities Contracts (Regulation) Act, 1956.
9. Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, signed an MOU with STPI and STIPNEXT for the establishment of a Centre of Excellence for the promotion of start-up activities in the steel plant and industries in and around Visakhapatnam.
10. Open Network Digital Commerce (ONDC) has expanded its wings to 15 more cities.
11. In February 2021, RBI constituted the N S Vishwanathan Committee on Urban Cooperative Banks.
12. July 20 – International Chess Day
13. Veteran filmmaker K P Kumaran has been chosen for the J C Daniel Award 2021 in recognition of his lifetime contributions to Malayalam cinema.
14. Forbes’ has released its Real-Time billionaire rankings 2022.
15. Ben Stokes (England) has announced his retirement from ODI cricket.
16. 131st edition of the Durand Cup football tournament will be held at Kolkata.
17. Olympic Council of Asia will organize the 19th edition Asian Games from Sep. 23 to Oct. 8, 2023 in Hangzhou, China.
18. “The Resilient Entrepreneur” book has been authored by Dhruti Shah.

National News

1. Central govt has launched the National Standards for Civil Service Training Institutions, for improving the quality and capacity.
   • It is India’s first unique model for standardizing civil service training instances.
2. National Health Authority (NHA) is organising its first hackathon under the Ayushman Bharat Digital Mission Hackathon Series at the Smart City Operations Centre, Pune, Maharashtra in hybrid format.
   • The hackathon is organized under the Ayushman Bharat Digital Mission (ABDM) in association with Pune Municipal Corporation and Pune Smart City Development Corporation Ltd.
   • The hackathon has two themes – Innovation Track and Integration Track – aimed at the development and scaling up of Unified Health Interface (UHI) in India.
   • This is the round 1 of the hackathon, which is named as ‘Kickstarting UHI – Integration Challenges’. The prize of it is set at Rs 60 lakhs.
3. IIT-Kanpur has developed a bio-inspired artificial muscle for next-generation space robots and medical prostheses.
   • The invention was done at the institute’s Smart Materials, Structures and Systems (SMSS) Lab.

State News

1. Flipkart has signed an agreement with the Bihar State Skill Development Mission to launch the initiatives of the Supply Chain Operations Academy (SCOA) in the state.
   • Purpose – to create a pool of skilled supply chain operations talent and impart relevant industry training and knowledge
2. Delhi govt is running the Mission Buniyaad to help bridge the learning gaps caused by COVID-induced lockdowns.
   • The programme of the Delhi government concentrates on building the foundational skills of students in Hindi and English literacy as well as mathematics.

International News

1. 8th edition of the BRICS Labour and Employment Ministers’ Meeting was held at Beijing, China.
   • The LEMM (Labour and Employment Ministers’ Meeting) Declaration was adopted

Banking and Economy

1. CSIR- Central Electrochemical Research Institute (CECRI) has partnered with Hyderabad-based GODI India to set up an advanced Lithium-ion cell manufacturing unit in Taramani, Chennai.
   • Hence, GODI India becomes the first Indian company to manufacture lithium-ion cells.
   • At present, India is mainly dependent on China and South Korea for imports of lithium-ion cells.
2. Central government has declared “zero coupon zero principal instruments” as securities that can be listed on particular exchanges, under the Securities Contracts (Regulation) Act, 1956.
   • Zero coupon zero principal instrument means an instrument issued by a Not for Profit Organisation (NPO) which will be registered with the social stock exchange segment of a recognised stock exchange.
   • These instruments will be governed by the SEBI.
   • SSE will be a separate segment of the existing stock exchanges. It is set up to provide capital to the non-profit organizations.
   • It has been proposed that the issue size will need to be a minimum of Rs 1 crore and the application size a minimum of Rs 2 lakh.
   • There is no clarity yet on whether the security will be transferable.
   • These bonds are subscribed for the purpose of donations. Donors can claim a 100% tax deduction on the donation made to the listed entity.
   • Currently, the donation to private entities attract only a 50% deduction under section 80G, whereas donation to a government-run organisation gives donors a 100% deduction.
3. Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, signed an MOU with STPI and STIPNEXT for the establishment of a Centre of Excellence for the promotion of start-up activities in the steel plant and industries in and around Visakhapatnam.
   • The CoE, named Kalpataru, will promote the Industry 4.0.
   • This is being established with funding support from the Ministry of Electronics and IT, the Government of India, RINL and the Government of Andhra Pradesh.
4. Open Network Digital Commerce (ONDC) has expanded its wings to 15 more cities.
   • Snapdeal has also signed the onboarding agreement with the network. It will become the first e-commerce platform on the ONDC.
   • The network first began its pilot in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong in April 2022.
5. In February 2021, RBI constituted the N S Vishwanathan Committee on Urban Cooperative Banks.
   • The committee had submitted its recommendations to RBI last year. Now, RBI has adopted the recommendations.
   • RBI has decided to adopt a simple four-tiered regulatory framework to strengthen the financial soundness of the existing UCBs.
   • Tier 1 – All unit UCBs and salary earner’s UCBs (irrespective of deposit size), and all other UCBs having deposits up to Rs.100 crore
     • Salary earner’s UCBs – These banks are essentially thrift societies set up by salaried people. The societies can be set up by the employees of governmental departments/ PSUs/large establishments for mutual help on the principles of cooperation.
     • Unit UCBs – The UCBs which do not have branches. These are single branch banks.

• There is a minimum net worth of ₹2 crores for tier one UCBs operating in a single district and ₹5 crore for all other UCBs of all tiers.
• The minimum capital adequacy ratio requirement for tier one banks will be kept at the present level of 9%.
• For urban cooperative banks of all other tiers, the minimum capital adequacy ratio is 12, which needs to be complied in the phased manner –
  • By FY 2024 – achieve CRAR of 10%
  • By FY 2025 – achieve CRAR of 11%
  • By FY 2026 – achieve CRAR of 12%
• Most UCBs, 1,274 of the total 1,534, have a capital adequacy ratio of over 12% as on 31 March 2021.
• 5 years’ period has been given to implement the new norms.

Important Days

1. July 20 – International Chess Day

Awards

1. Veteran filmmaker K P Kumaran has been chosen for the J C Daniel Award 2021 in recognition of his lifetime contributions to Malayalam cinema.
   • The J C Daniel Award is the highest recognition in the field of cinema given by Kerala government.
2. Forbes’ has released its Real-Time billionaire rankings 2022.
   • Top – Elon Musk
   • India – Adani & Family at 4th rank; Mukesh Ambani at 10th rank

Sports

1. Retirements in Cricket –
   • Ben Stokes (England) has announced his retirement from ODI cricket.
   • Trinidadian cricketers Denesh Ramdin and Lendl Simmons
2. 131st edition of the Durand Cup football tournament will be held at
   • The tournament, jointly organised by Indian Army and Government of West Bengal.
3. Olympic Council of Asia will organize the 19th edition Asian Games from Sep. 23 to Oct. 8, 2023 in Hangzhou, China.
   • This edition was supposed to take place this year.

Miscellaneous

1. “The Resilient Entrepreneur” book has been authored by Dhruti Shah.

Start Quiz of 21st July 2022 on Mobile

Start Quiz of 21st July 2022 on Desktop