IMPORTANT CURRENT AFFAIRS OF
JULY 26th, 2018
1.
Prime Minister Narendra
Modi joined fellow BRICS leader at the 10th
BRICS Summit, which is being held at Johannesburg , South Africa.
a. Leaders
of the BRICS emerging economies -- Brazil, Russia, India, China
and South Africa -- gathered for the three-day meeting focused
on the threat of a US-led global trade war.
b. The
BRICS leaders are expected to discuss "global hotspot issues,
international peace, and security, global governance, trade issues during the
restricted session" during the summit.
c. Theme
of 10th BRICS Summit 2018 : 'BRICS in Africa:
collaboration for inclusive growth and shared prosperity in the 4th Industrial
Revolution'
2.
The Earth Overshoot Day, the
calculated illustrative calendar date on which humanity’s resource
consumption for the year exceeds Earth’s capacity to regenerate those
resources that year, will fall on August 1st for the year 2018.
3.
Nation pays tribute to martyrs on 19th
Kargil Victory Day (Kargil Vijay Diwas) today.
a. Kargil
Vijay Diwas is named after the success of Operation Vijay.
b. This
day is is celebrated on 26 July every year in honour of the Kargil
War's Heroes.
c. On this
day, 26 July 1999, India successfully took command of the high
outposts which had been lost to Pakistani intruders. The Kargil war was fought
for more than 60 days, ended on 26 July 1999.
d. Defence
Minister, 3 service chiefs pay tribute to Kargil heroes at Amar Jawan Jyoti.
i. Defense
Minister : Nirmala Sitharaman
ii. Chief
of the Air Staff : Air Chief Marshal Birender Singh
Dhanoa
iii. Chief
of the Army Staff : General Bipin Rawat
iv. Chief
of the Naval Staff : Admiral Sunil Lanba
4.
The West Bengal Assembly has
passed the resolution to change the state's name to 'Bangla'.
a. The
proposal will now go to the Home Ministry for approval, and the name of the
state will be changed only if the Ministry gives the green signal.
5.
With a view to enable Regional Rural
Banks (RRB’s) to minimize their overhead expenses, optimize the use of
technology, enhance the capital base and area of operation and increase their
exposure, the Government has sought comments of respective State Governments
and Sponsor Banks on a roadmap for Amalgamation of RRBs within a
State.
a. The
roadmap has been prepared in consultation with NABARD and proposes to bring
down the number of RRBs to 38 from the present 56.
b. It is
expected that the proposed amalgamation of RRBs will bring about better
scale-efficiency, higher productivity, robust financial health of RRBs,
improved financial inclusion and greater credit flow to rural areas.
6.
The Rajya Sabha today passed the Fugitive
Economic Offenders Bill, 2018.
a. This
bill empowers authorities to confiscate the assets of economic
offenders who flee the country.
b. Note : The
Lok Sabha had passed the bill on July 19.
7.
According to the US-based Institute for Energy
Economics & Financial Analysis (IEEFA) report, Karnataka is
the new national leader in renewable energy generation.
a. It has
overtaken Tamil Nadu that had long been India’s top renewables market.
8.
The government today gave final approval to
the mega merger of Vodafone and Idea Cellular which
will create India's largest mobile operator with 35 per
cent market share and around 430 million subscribers.
9.
Union Ministry of Petroleum and Natural Gas
has amended Petroleum and Natural Gas Rules 1959 to include 'shale' in
definition of petroleum.
a. This
change will allow private companies to explore and produce the resource in the
blocks they already operate.
10.
Invest India and Business
France have signed Memorandum of Understanding (MoU) to
promote investment facilitation and cooperation between startups of
India and France.
a. The MoU
will facilitate direct foreign investment by providing practical investment
information to enterprises.
b. It will
also support companies pursuing those opportunities which contribute positively
to economic growth of two countries.
11.
Tata AIA Life appointed Rishi
Srivastava as the new Chief Executive Officer & Managing
Director starting August 1, 2018.
a. He will
replace current chief executive officer Naveen Tahilyani who
takes over as chief executive officer, group partnership distribution, AIA
Group, Hong Kong.
12.
Max Financial Services has
named its sponsor and founding shareholder Analjit Singh as non
executive chairman of the company.
13.
A book titled ‘Gandhi The years that
changed the world (1914-1948)’ written by Sahitya Akademy winner Ramachandra
Guha will be released in September 2018.
a. This
book will be published by Penguin Random House India.
14. British Racer Lewis Hamilton
has won the 2018 German Grand Prix.
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