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Monthly Archives: July 2023

July, 2023 - - Part 57_3.1

India’s first-ever report on Critical Minerals for India unveils

July 1, 2023

Introduction India has taken a significant step towards enhancing its strategic resource security by officially releasing its first-ever critical minerals list. The list comprises 30 key minerals that are crucial for India’s economic growth, technological development and pursuit of a net-zero future. This move aims to reduce import dependence, enhance supply-chain resilience, and support the …

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July, 2023 - - Part 57_5.1

Former Punjab deputy speaker Bir Devinder Singh passes away

July 1, 2023

Former Punjab assembly deputy speaker Bir Devinder Singh passes away at Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh. Having started out as a leader of the All India Students’ Federation (AISSF), Bir Devinder was elected MLA for the first time from Sirhind in 1980 on a Congress ticket. He later won from …

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RBI Grants Non-Banking Institution License to Mahalaxmi Cooperative Bank, Cancels Banking Permit

RBI Grants Non-Banking Institution License to Mahalaxmi Cooperative Bank, Cancels Banking Permit

July 1, 2023

The Reserve Bank of India (RBI) made a significant announcement on June 27, revoking the banking permit of Mahalaxmi Cooperative Bank Ltd in Dharwad, Karnataka. However, in a subsequent move, the RBI granted the institution a non-banking institution license, allowing it to continue its operations. License Cancellation Effective from June 27 Effective immediately on June …

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Visa's $1 Billion Acquisition of Brazilian Fintech Startup Pismo Expands Its Presence in Latin America

Visa’s $1 Billion Acquisition of Brazilian Fintech Startup Pismo Expands Its Presence in Latin America

July 1, 2023

Visa, the world’s largest payments processor, has announced its acquisition of Brazilian fintech platform Pismo for $1 billion in cash. This move aims to enhance Visa’s footprint in Latin America and demonstrates renewed confidence in the region amidst a slowdown in funding. Expanding Footprint in Latin America Visa’s acquisition of Pismo represents the company’s first …

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July, 2023 - - Part 57_8.1

National Postal Worker Day 2023: Date, Significance and History

July 1, 2023

On July 1, National Postal Worker Day is observed as a way to show gratitude and recognize the tireless efforts of postal workers. These often overlooked individuals play a crucial role in ensuring the smooth delivery of mail to its intended recipients, thereby fostering connections between people and communities. Whether it involves delivering letters or …

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July, 2023 - - Part 57_9.1

Chartered Accountants Day 2023: Date, Significance and History

July 1, 2023

National Chartered Accountants Day, also known as CA Day, is observed on July 1 to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI). This significant day acknowledges the contributions made by the ICAI, India’s oldest and most esteemed financial and accounting organization. In its 75th year of existence, the ICAI serves …

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July, 2023 - - Part 57_10.1

IAF to hold biggest air exercise ‘Tarang Shakti’

July 1, 2023

Introduction The Indian Air Force (IAF) is set to host its first-ever multi-national air exercise called ‘Tarang Shakti‘ in October-November this year. With the participation of several nations, including the United States, United Kingdom, France, and Australia, this exercise aims to strengthen military cooperation and foster strategic alliances. ‘Tarang Shakti’ is anticipated to be the …

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July, 2023 - - Part 57_11.1

Audi appointed Gernot Dollner as new CEO of the Board of Management

July 1, 2023

Introduction German luxury carmaker Audi AG has announced the appointment of Gernot Dollner as its new CEO. Dollner, currently heading Volkswagen Group’s Product and Group Strategy, will succeed Markus Duesmann as Chairman of the Board of Management. The move is aimed at further strengthening the company’s product strategy and market position. Dollner’s extensive experience and …

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Govt's Ambitious Plan: National Maritime Heritage Complex in Lothal, Gujarat for an estimated cost of ₹4,500 Cr.

Govt’s Ambitious Plan: National Maritime Heritage Complex in Lothal, Gujarat for an estimated cost of ₹4,500 Cr.

July 1, 2023

Under the Sagarmala program, the Ministry of Ports, Shipping, and Waterways has undertaken the development of a National Maritime Heritage Complex (NMHC) in Lothal, Gujarat. This ambitious project, estimated to cost ₹4,500 crore, aims to establish a world-class facility that highlights India’s maritime heritage from ancient to modern times. By adopting an “edutainment approach” utilizing …

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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.

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