Current Affairs Science & Technology

  India successfully test-fired its all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at launch complex III of the Integrated Test Range at Chandipur in Odisha. This Missile Jointly developed by Defence Research and Development Organisation (DRDO) and Bharat Electronics Ltd, the QR-SAM weapon system is a quick reaction, network-centric missile system capable of search-on-the-move. QR-SAM system can also engage multiple targets within a range of around 25 to 30 km with 2 vehicle configuration for area air defence. It is a truck-mounted missile with a 360 degree rotatable, electro-mechanically operated, turret-based launch unit.
Source: The News on AIR

 The Reserve Bank of India has imposed a collective penalty of Rs 11 crore on 7 public sector banks. The penalty has been imposed for non-compliance with certain provisions of directions issued by RBI on ‘Code of Conduct for Opening and Operating Current Accounts.
The penalties on 7 banks are as follows:
  • Allahabad Bank and Bank of Maharashtra have been imposed with a penalty of Rs 2 crore each.
  • Bank of Baroda, Bank of India, Indian Overseas Bank and United Bank of Indiahave been imposed with a penalty of Rs 1.5 crore each.
  • Oriental Bank of Commerce has been imposed with a penalty of Rs 1 crore.
RBI has also imposed a fine of Rs 1 crore on Corporation Bank for non-compliance of norms related to cyber security framework for banks, frauds classification and reporting.
Source: The Live Mint

  Soccer body CONMEBOL suspended Lionel Messi from international matches for three months because of accusations of corruption he made at the latest Copa America. The South American body also fined the superstar in USD 50,000 for his comments after Argentina’s 2-1 win against Chile in the third-place playoff of the tournament.
Source: The DD News

  President Ram Nath Kovind has been awarded the National Order of Merit by the President of Guinea for his exceptional contribution to the advancement of overall relations and development of mutual cooperation between India and Guinea and for promoting friendship and partnership between the people of both the countries. 
Source: The News on AIR

 Bhasha Mukherjee, a 23-year-old Indian origin doctor was crowned Miss England 2019. Bhasha holds two different medical degrees, has an IQ of 146 and is fluent in 5 different languages. As a winner of Miss England, she will be entered into the Miss World contest 2019.
Source: The Hindustan Times

  Giriraj Prasad Gupta, Indian Civil Accounts Service (ICAS) officer, took over as the Controller General of Accounts (CGA). Gupta has served in various positions in Central Board of Direct Taxes (CBDT), ministry of rural development, and ministry of finance. Gupta also worked as the Director of National Institute of Financial Management (NIFM). Gupta succeeds Anthony Lianzuala as the new Controller General of Accounts (CGA) under the Finance Ministry.
Source: The Business Standard

President Ram Nath Kovind inaugurated exhibitions on Mahatma Gandhi and Khadi at the “Ebunjan Theatre” in the Gambia to commemorate the 150th birth anniversary of the Mahatma Gandhi.
Source: The News on AIR

  The Department of Revenue, Ministry of Finance, as part of its strategic commitment to improving global trade, is conducting India’s first national Time Release Study (TRS). The exercise will be institutionalized on an annual basis. This initiative will help India maintain the upward trajectory on Ease of Doing Business, particularly on the Trading Across Borders indicator which measures the efficiency of the cross border trade ecosystem. The TRS is an internationally recognized tool advocated by the World Customs Organization to measure the efficiency and effectiveness of international trade flows.
Source: The DD News

  The Food and Nutrition Board, Ministry of Women and Child Development, is organizing several activities on the theme “Empower Parents, Enable Breastfeeding”during the World Breastfeeding Week (WBW) being observed from 1st to 7th August 2019. World Breastfeeding Week, which is being observed till 7th of the month, aims to create awareness among parents about breastfeeding, the importance of initiation, exclusive breastfeeding, and adequate and appropriate complementary feeding.
Source: The News on AIR

  RBI has imposed a penalty of Rs 50 lakh on Punjab National Bank (PNB) for the delay in reporting of fraud observed from the fraud monitoring report-1 submitted by Punjab National Bank on July 10, 2018, in the account of Kingfisher Airlines Limited.
Source: The Business Standard



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