DAILY CURRENT AFFAIRS: 5 JULY 2018

DAILY CURRENT AFFAIRS: 5 JULY 2018

(DAILY NEWS INDIA)

                                  SHARED BY: WWW.DAILYGK.IN

1.      25 COUNTRIES IN GLOBAL BANKS’ ‘HIGH RISK’ LIST’
i. The main custodian banks shared a list of 25 countries named as “high-risk jurisdictions” with Securities and Exchange Board of India recently.

ii. China, UAE, Cyprus and Mauritius, along with 21 other countries have been named as “high-risk jurisdictions” by global banks acting as custodians for foreign funds.

2.      BANK OF CHINA SOON TO OPERATE IN INDIA; RBI GIVES NOD TO THE SECOND BANK FROM CHINA
i. The RBI has issued licence to Bank of China to launch operations in India.

ii. This is the second Chinese lender to secure a licence to open a branch in India.

iii. In 2011, RBI gave approval to Industrial and Commercial Bank of China to open a branch in India. It currently has a branch in Mumbai.

3.      FINANCE MINISTRY KEEPS THE INTEREST RATES OF SMALL SAVINGS UNCHANGED FOR THE JULY-SEPT QUARTER

i. The Finance Ministry announced that it has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the July-September quarter.

THE INTEREST RATES ARE :

5 yr Senior citizen Savings Scheme (paid quarterly)8.3%, Savings deposits 4%

PPF 7.6%, National Savings Certificate 7.6%, Kisan Vikas Patra (maturity in 11 months)7.3%,  Sukanya Samriddhi Account 8.1%, Term Deposit (1-5 years)6.6-7.4%

 5 year Recurring Deposit 6.9%.

4.      ICICI BANK CROSSES RS. 1.5 TRILLION MILESTONE IN MORTGAGE LOAN AND BECOME LARGEST PRIVATE PLAYER TO DO SO
i. ICICI Bank announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment.

ii. It is targeting to grow it to Rs 2 trillion by FY20.

5.      MAJOR GENERAL VD DOGRA BECOMES FIRST SERVING INDIAN ARMY OFFICER TO COMPLETE IRONMAN COMPETITION

i. Major General VD Dogra became the first serving Indian Army officer and the only General in the world to have completed ‘Ironman’ competition held in Austria.

ii. The Ironman is an international triathlon comprising 3 consecutive events: 3.8 km of swimming, 180 km cycling and 42.2 km of running (a full marathon).

      iii. It is considered the toughest one day sport event in the world.

6.      RAJAT SHARMA BECOMES DDCA PRESIDENT

i. Journalist Rajat Sharma was elected the President of Delhi & District Cricket Association.

ii. Rakesh Kumar Bansal was elected as the Vice President .

7.      ISRO’S FIRST PAT (PAD ABORT TEST) SUCCESSFUL
i. The Indian Space Research Organisation  has performed  the first successful test of  ‘pad abort’ on 5th July 2018 at the Satish Dhawan Space Centre, Sriharikota.

 ii. The Pad abort test  is the first in a series of tests to qualify a crew escape system technology of a manned mission in the future.

8.      SHOT PUTTER INDERJEET SINGH GETS 4-YEAR BAN FOR DOPE VIOLATION

i. The anti-doping disciplinary panel of NADA gave a 4 year suspension to shot putter Inderjeet Singh for testing positive for anabolic steroids in a dope test before the 2016 Rio Olympic Games.