Weekly Current Affairs 8th To 14th July 2020

Published on Wednesday, July 15, 2020
Weekly Current Affairs 8th To 14th July 2020

National News

MasterCard Ties Up with SBM Bank India 

  • MasterCard has partnered with SBM Bank India in order to provide its customers with an online real-time domestic and cross border payments facility.
  • The online real-time payment facility will be done through ‘MasterCard Send’.

Rajnath Singh e-inaugurated 6 Bridges in J&K

  • Union Defence Minister Rajnath Singh e-inaugurated 6 bridges in Jammu and Kashmir.
  • The bridges are developed under the Project Sampark by Border Road Organisation.

Bhubaneswar Land Use Intelligence System (BLUIS)

  • Chief Minister of Odisha has launched Bhubaneswar Land Use Intelligence System (BLUIS) which is the web and mobile-based solution to monitor the unauthorized change of land use.
  • This system will help to prevent the encroachment of government lands.

World Bank Financially Supports Namami Gange Programme

  • World Bank and Government of India has signed a loan agreement to financially support Namami Gange Programme.
  • The loan amount of $400 million has been sanctioned by World Bank to make Ganga a clean and healthy river.

Bharat Dynamics Ltd signs LAToT with DRDO-DRDL

  • Bharat Dynamics Limited (BDL) has signed a License Agreement and Transfer of Technology (LAToT) with Defence Research and Development Organisation- Defence Research and Development Laboratory (DRDO-DRDL).

Flipkart to Promote Art, Craft and Handloom Sector of Karnataka

  • E-commerce industry Flipkart has entered into an agreement with the government of Karnataka to promote arts, crafts and handloom sector of the state.
  • For this purpose, the E-Commerce giant Flipkart has signed MoU with Department of MSME and Mines of the government of Karnataka.

India’s First E-Lok Adalat at Chhattisgarh

  • The decision and development of e-Lok Adalat in Chhattisgarh has taken place because of the Chhattisgarh State Legal Service Authority and the High Court.
  • The E-Lok Adalat is launched with an aim to carry out court cases via the virtual platform in the pandemic situation of COVID-19 and to maintain social distancing.

'ATL App Development Module'-- NITI Aayog

  • NITI Aayog’s Atal Innovation Mission has launched the ATL App Development Module for school children across the country.
  • The ATL App Development Module is an online course, which is completely Free.


‘Bhavishya’ Saving Account—By Fino Payments Bank Ltd

  • Fino Payments Bank Limited has launched ‘Bhavishya’ Saving Account.
  • The ‘Bhavishya’ Saving Account is launched for the minors who are in between the age group of 10-18 years.

India’s GDP to contract by 3% in FY21

  • BofA Securities, which is a foreign brokerage, has stated that India’s GDP will contract by 3% for the financial year 2021.
  • BofA Securities has also predicted that India’s GDP will contract this fiscal with estimates ranging up to 7% negative growth.

Tamil Nadu Tops in Market Borrowings—By RBI

  • As per the data by Reserve Bank of India, Tamil Nadu state has topped in market borrowings among all the states in India.
  • Tamil Nadu has raised Rs 30,500 crores in the fiscal year 2020-21 which is accounted for 17% of the borrowings done through the issue of the bonds.

7th SBI Banking & Economics Conclave

  • RBI Governor Shaktikanta Das addressed the 7th SBI Banking & Economics Conclave.
  • In the conclave, the governor delivered various policy measures taken in order to deal with the economic crisis being faced by the country amidst COVID-19 lockdown.

Panel Formed for 'Indian Pandemic Risk Pool'-- By IRDAI

  • The Insurance Regulatory and Development Authority of India (IRDAI), being the regulatory provider has formed a panel which will examine the degree of convenience of ‘Pandemic Risk Pool’.
  • The panel will be headed by Suresh Mathur, Executive Director of IRDAI.

India: Second Largest Foreign Direct Investor in the UK

  • UK Government has released new data in the Department for International Trade (DIT) inward investment statistics for 2019-2020.
  • As per the statistical analysis, India has become the second-largest Foreign Direct Investor in the United Kingdom (UK).

Index and Ranking

11th Global Real Estate Transparency Index 2020

  • The United States Property Consultant Jones Lang LaSalle’s (JLL), India has released 11th Global Real Estate Transparency Index 2020.
  • As per the report, India ranks at 34th position with a total score of 2.69 under the semi-transparent zone.

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