Current Affairs

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

  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 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

  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

  The State Bank of India’s (SBI) Shanghai branch is now connected to China’s National Advance Payment System (CNAPS). SBI is the only Indian bank to have obtained the license to do business in local currency and also inducted to the CNAPS by the People’s Bank of China (PBOC). SBI Shanghai can also offer the real-time transfer of local funds within China by routing them through the PBOC. The CNAPS, launched in 2008 by People’s Bank of China (PBOC) provides real-time settlement services for all payments.
Source: The Economic Times

 The Reserve Bank of India (RBI)  allowed “Bank of China” to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. ‘Bank of China Limited’ has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934.
Source: The Livemint

 The West Bengal Government has launched an awareness campaign ‘Save Green, Stay Clean’ for preserving the greenery and keeping the environment clean. The State Government will distribute more than 1 lakh saplings throughout the state for spreading of greenery.
Source: The News on AIR


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