DAILYGK 26-28 JULY 2025
1.
LAS VEGAS FREESTYLE CHESS GRAND SLAM 2025
·
Chess Grandmaster (GM) Levon Aronian of the USA,
secured victory at the Las Vegas (4th leg)
of the Freestyle Chess Grand
Slam Tour 2025, organized by World
Chess Events Limited, held in Nevada, USA.
·
Levon Aronian
clinched the title by defeating
fellow American GM Hans Moke Niemann.
·
India’s Arjun Erigaisi
and R. Praggnanandhaa secured 6th and 7th.
·
World No.1, GM Magnus Carlsen
of Norway, secured
third place by defeating Hikaru Nakamura of USA.
2. JAPAN BADMINTON
OPEN 2025
·
Men’s singles:
China’s
Shi Yu Qi (Currently World No.2) won against
the defending champion
of France’s Alex Lanier (World No.8) in the finals.
·
Women’s singles:
South Korea’s World
No. 1 shuttler An Se-Young captured her 6th title
of the season with a straight-game 21-12, 21-10 against Wang Zhiyi (China).
·
Badminton World Federation (BWF) Headquarters – Kuala Lumpur,
Malaysia.
3. IOA CEO
·
Executive Council
(EC) of the Indian Olympic
Association (IOA) has
ratified the appointment of Raghuram Iyer as the full time Chief Executive Officer (CEO) and established Athletes Anti-Doping Disciplinary Panel (AADDP) to
tackle doping.
·
Athletes Anti-Doping Disciplinary Panel comprising seven members, will be headed
by Rohit Rajpal, former
tennis player; Dr. PSM Chandran, renowned sports medicine expert; Aparna
Popat, former Badminton player.
·
Role of AADDP: It will ensure transparent, and fair adjudication of doping cases, promote awareness
among athletes, trainers, and
officials.
·
Indian Olympic
Association (IOA) President
– P.T. Usha.
4.
‘EXERCISE DRONE PRAHAAR
·
The Indian Army (IA) carried out ‘Exercise Drone Prahaar’
near the Myanmar border to test and validate the integration of drone technologies into
frontline operations.
·
IA deployed Unmanned Aerial
Systems (UAS) for Intelligence, Surveillance, and Reconnaissance (ISR) and precision
targeting at both tactical and operational levels.
5.
SEBI INTRODUCES CENTRALISED COMPLIANCE REPORTING PLATFORM
·
The Securities Exchange Board of India (SEBI), in collaboration with National Stock Exchange (NSE), has
launched “Samuhik Prativedan Manch”, a unified reporting platform to simplify compliance for stockbrokers.
·
Currently, brokers
registered with multiple
stock exchanges are required to submit identical compliance reports to
each exchange individually.
·
The new system will be implemented in phases, with 40 compliance reports included in the first
rollout starting August 01,2025.
·
The SEBI, a market
regulator, was constituted as a non-statutory body on April 12,1988 through a resolution of the Government of
India (GoI) and was established as a statutory body in 1992.
·
Chairman – Tuhin
Kanta Pandey.
·
Headquarters – Mumbai.
6. RBI’S FINANCIAL INCLUSION INDEX RISES
·
The Reserve
Bank of India’s
(RBI) Financial Inclusion Index (FI-Index), which measures the depth and reaches
of financial inclusion across the country, rose by 4.3% in Financial Year 2024-25 (FY25).
·
The index value increased
from 64.2 in March 2024 to
67 in March 2025,
reflecting steady progress across
all sub- indices, i.e. access, usage, and quality of
financial services.
·
The RBI had constructed a composite FI-Index in consultation with the concerned
stakeholders including the Government, to capture the extent of
financial inclusion across the country.
·
The index
was first introduced by the RBI in August 2021 for the FY ending March
2021.
·
It is a comprehensive index incorporating details of banking, investments, insurance, postal and pension sectors.
·
The index captures information on various aspects
of financial inclusion
in a single value ranging between
0 and 100, where 0 represents complete financial exclusion and 100
indicates full financial inclusion.
·
The FI-Index
comprises of three broad parameters
i.e., Access (35%) – Reflecting
how easily financial services are available.
·
Usage (45%) – Indicates how frequently and effectively people
are using these
services.
·
Quality (20%) – Captures the quality aspect of financial inclusion as reflected
by financial literacy, consumer protection, and inequalities and deficiencies in
services.
·
The FI-Index
has been constructed without any ‘base year’
and published annually
in July every year.
7. RBI GRANTS
SCHEDULED BANK STATUS TO NSDL PAYMENTS BANK
·
The Reserve
Bank of India (RBI) has announced the inclusion of NSDL Payments
Bank Limited, a subsidiary of National Securities Depository Limited
(NSDL) in Schedule II of the RBI Act,
1934.
·
NSDL Payments
Bank Ltd. attains
the status of a Scheduled
Bank (SB) and will now able to
access
facilities from the RBI like: borrowing from the Marginal Standing Facility (MSF) and participating in Liquidity Adjustment
Facility (LAF) operations.
·
With this,
it becomes the 5th payment bank in India to get the SB status after India Post Payments Bank Limited (IPPB);
Fino Payments Bank Limited, Airtel Payments Bank Limited, and Jio Payments
Bank.
·
SBs are classified into two main categories:
Scheduled Commercial Bank (SCB) and Scheduled Co-operative
Banks.
·
To get a status
of a SB, a minimum
paid-up capital of Rs 5 lakh is required.
·
But, in order to operate
as commercial bank, RBI recommended minimum capital of Rs 100 crores.
·
Also, these banks are required to maintain
a Cash Reserve Ratio (CRR) with RBI.
8. MONETARY PENALTY ON COOPERATIVE BANKS
·
The Reserve Bank of India (RBI) imposed monetary penalty of Rs 2 lakh on the Mandvi Nagrik
Sahakari Bank Limited, based in Mandvi district
in Surat, Gujarat,
for non-compliance with its directives on ‘Management of Advances by Urban Cooperative
Banks (UCBs)’.
·
RBI has also imposed
monetary penalty of Rs 3 lakh on Sarvodaya Nagrik Sahakari Bank Limited (Gujarat)
for failing to comply with its directions
on the Comprehensive Cyber Security
Framework for Primary UCBs and the Harmonisation
of Turn Around Time (TAT).
·
Laxmi Vishnu
Sahakari Bank Limited
(Maharashtra) has been penalized Rs 20,000 for
non-compliance with RBI directions related to ‘Loans and advances to directions, their
relatives, and firms/concerns in which they are interested’.
·
Thane District
Central Co-operative Bank Limited (Thane, Maharashtra) has been fined Rs 2.10 lakh for lapses
in adherence to the Know Your
Customer (KYC) rules.
9. RRBS FROM 196 TO 28 UNDER ‘ONE STATE-ONE
RRB’ POLICY
·
The Government of India (GoI)
initiated a structural consolidation of Regional Rural Banks (RRBs) in Financial
Year 2005–06 (FY06) to improve their operational viability and harness the
benefits of economies of scale.
·
Phase-I amalgamation: In
2005-2010, the number of RRBs was brought
down from 196 to 82
by amalgamating RRBs of the same
Sponsor Bank within a State.
·
Phase-II amalgamation: In 2012-14,
the number of RRBs was brought down from 82 to 56,
by amalgamating RRBs across Sponsor Banks within a State
with geographically contiguous areas of operation.
·
Phase-III amalgamation: Initiated in 2019 by amalgamating weaker
RRB with the stronger RRB. The number
of RRBs was brought down from 56
to 43 at the End-March 2021.
·
Under Phase-IV
of the amalgamation process, the number of RRBs
was reduced from 43 to 28, effective from May 1, 2025, across 26 states and 2 Union
Territories (UTs).
·
The RRBs were established in 1975 under the provisions of the Ordinance promulgated on 26th September 1975 and RRB Act, 1976.
·
The shareholding pattern of RRBs among the Central Government (CG), sponsoring
bank and State Government
(SG) is 50:35:15 respectively.
10.
WORLD BRAIN
DAY 2025 – JULY 22
·
World Federation of Neurology (WFN) based in London
(United Kingdom, UK) , leads the initiative in collaboration
with the World Health Organization (WHO)
and United Nations Economic and Social Council (UN ECOSOC).
·
The theme
for WBD 2025 is
“Brain
Health for All Ages”, highlights the importance of brain health
from pre- conception to old
age.
·
The idea of observing
“WBD” was first proposed by the Public Awareness and Advocacy Committee (PAAC) of the WFN during the Council
of Delegates meeting
at the World Congress of Neurology (WCN) in September 2013, held in Vienna,
Austria.
11. NATIONAL FLAG ADOPTION DAY 2025 – JULY 22
·
National Flag Adoption Day is annually
observed across India on July 22 to commemorate the adoption of Trianga, the
tricolour flag (the national flag of India)
by the Constituent Assembly of India on July 22, 1947.
·
The tricolour flag include The saffron in the Top Band represents courage,
sacrifice and spirit of renunciation.
·
White in the Middle Band symbolizes peace,
truth, and honesty,
which provide balance
and clarity.
·
Green in the Bottom Band symbolizes faith,
fertility, and the land’s prosperity.
·
In the centre of the white Band is the
Ashoka Chakra, a 24-spoke navy blue wheel
derived from the Lion Capital
of Ashoka, symbolizing eternal motion, progress, and righteousness.
·
The ratio
of length to width of the flag is 3:2.
12. INCOME TAX DAY 2025 – JULY 24
·
Income Tax Day, also known as Aaykar Diwas, is annually observed
across India on 24 July to commemorate the introduction of Income Tax (IT) in India in 1860 by
Sir James Wilson.
·
The IT system was first introduced in 1860 by
Sir James Wilson, the first Finance
Member of the British
India Council, to address the
financial crisis following the First War of Independence (1857).
·
The Central
Board of Revenue Act, 1924, institutionalized the framework further
by appointing Commissioners of IT across
provinces.
·
The Income Tax Act, 1961, enacted by the Parliament of India, replaced
the 1922 Act and continues to serve as the comprehensive legal framework for
direct taxation in India.
13. WORLD CHESS DAY 2025 – JULY 20
·
The day commemorates the founding of FIDE on 20th July 1924 in Paris, France.
·
The theme for World Chess Day 2025 is “Every Move Counts”, emphasizes the importance of thoughtful decision- making both on the chessboard
and in life.
·
The idea of celebrating International Chess Day was first proposed by the United
Nations Educational, Scientific and Cultural Organization (UNESCO).
14. KARGIL VIJAY DIWAS 2025 – JULY 26
·
Kargil Vijay Diwas, also known as Kargil Victory
Day, is observed every year on
26th
July across India to
commemorate the Indian Army’s victory over Pakistan in the Kargil War of 1999.
·
The IA’s Operation
Vijay was launched to recapture infiltrated posts in the Kargil sector,
and after over 60 days of high-altitude combat, all
intrusions were successfully cleared by 26th July 1999.
·
Gallantry and Sacrifice: During Operation
Vijay, 545 Indian
soldiers sacrificed their lives, and their valour
was honoured with 4 Param Vir Chakra (PVC), 9 Maha Vir Chakra (MVC), and
55 Vir Chakra (VC) awards.
