DAILY GK 18 JULY 2019

DAILY GK 18 JULY 2019

1. RBI SLAPS A PENALTY ON SBI &UNION BANK FOR VIOLATING VARIOUS NORMS

✔RBI has penalized State Bank of India with Rs.7 crore and Union Bank of India with Rs.10-lakh for violating certain regulatory guidelines.

✔The penalty imposed on SBI with reference to its financial position as on March 31, 2017 reported  non-compliance with the directions issued by the RBI on Income Recognition and Asset Classification norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits, and fraud risk management and classification and reporting of frauds.

✔The RBI imposed the Rs 10 lakh fine on Union Bank of India for lapses in cybersecurity framework.

2. GPF RATES REDUCED BY 10 BPS TO 7.9% FROM 8%

✔Ministry of Finance informed that the rates of the General Provident Fund were reduced by 10 basis points to 7.9% from 8% with effect from July 1, 2019 to September 30, 2019.

✔All government employees who joined service on or before December 31, 2003 contribute to GPF. An officer/employee contributes 6% of his/her basic salary with an equal contribution from the Government.

3. VIRAT KOHLI, JASPRIT BUMRAH MAINTAINS TOP SPOTS IN ICC ODI RANKING 2019

✔As per the ODI rankings 2019 released by the ICC, right-handed top-order batsman, Virat Kohli and pacer Jasprit Bumrah have retained their top numbered position following the conclusion of the World Cup.

✔Rohit Sharma got 2^nd positions followed by Babar Azam. Faf du Plessis of South Africa and Ross Taylor of New Zealand are on the 4th and 5th position respectively.

✔Jasprit Bumrah got the 1st position followed by Trent Boult. Kagiso Rabad is on 3rd followed by Pat Cummins.

4. ASHLEIGH BARTY, NOVAK DJOKOVIC GOT TOP SPOT AT WORLD TENNIS RANKING 2019

✔In the latest Women’s Tennis Association 2019 and ATP rankings 2019, Ashleigh Barty of Australia got the top position.  

✔Novak Djokovic retained top spots. He got 5th Wimbledon title and 16th major grand slam title over Roger Federer, who got 3rd place in the tennis ranking.

5. INTERNATIONAL JUSTICE DAY: 17TH JULY

✔World Day for International Justice is also known as International Criminal Justice Day is observed annually on 17th July to recognize the emerging system of international criminal justice.

✔This day is the anniversary of the adoption of the Rome Statute in 1998. With the help of this treaty International Criminal Court was established.