- 1st Indo-Pacific Business Summit: It was organised by CII (Confederation of Indian Industry) and the Ministry of External Affairs with the theme of ‘Developing a road map for shared prosperity’. The dignitaries discussed that how nations in the Indo Pacific region can develop partnerships for future economic development.
- Static Part:
- HQ of CII: New Delhi
- President of CII: T V Narendran
- The RBI imposed a penalty on 14 banks for contravention of various regulatory norms, including on lending to NBFCs. The total amount of penalty imposed is Rs 14.5 crore. A penalty of Rs 2 crore was imposed on the Bank of Baroda, Rs 50 lakh on the State Bank of India. The penalty of Rs 1 crore each was imposed on Bandhan Bank, Bank of Maharashtra, Central Bank of India, Credit Suisse AG, Indian Bank, IndusInd Bank, Karnataka Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank, The Jammu & Kashmir Bank and Utkarsh Small Finance Bank.
- The RBI has asked banks and financial institutions to use widely accepted alternative reference rates (AAR) instead of London Interbank Offered Rates (LIBOR) as the reference rate for entering into new financial contracts. RBI has also asked banks to cease using Mumbai Interbank Forward Outright Rate (Mifor). The decision of the RBI came after the announcement made by Financial Conduct Authority (FCA), the UK in March 2021 that all LIBOR settings would either cease to be provided by any administrator or would no longer be representative.
- Static Part:
- LIBOR: It is an interest-rate average that is calculated on the basis of estimates submitted by leading banks in London.
- The government of Kerala announced to launch its own over-the-top (OTT) platform by 1st Nov 2021. It will ensure space and make some sort of revenue share for lower budget & independent films that are struggling to find space among the public.
- Static Part:
- CM of Kerala: Pinarayi Vijayan
- Governor of Kerala: Arif Mohammed Khan
- ‘Bulletin’: It is the name of Facebook’s newsletter platform. It is a set of publishing and subscription tools that aims to promote independent writers in the US.
- Static Part:
- CEO of Facebook: Mark Zuckerberg
- HQ of Facebook: California, United States
- Important Days and Themes: 10th July 2021: National Fish Farmers’ Day
- 11th July 2021: World Population Day
- Theme for 2021: ‘The impact of the Covid-19 pandemic on fertility’
- Books and Authors: Title of book: ‘Kareena Kapoor Khan’s Pregnancy Bible’
- Author: Kareena Kapoor Khan
- BDL signed Contract with IAF to Supply Akash Missiles
- India and Gambia signed MoU for Cooperation in Governance Reforms
- Wimbledon Championship 2021
- 16th Annual Conference on Road Development in India
- RBI Issued 10 year G-Sec at 6.10%
Question:
Q.1 When is World Population Day marked?
a. 11th Oct
b. 11th June
c. 11th Nov
d. 11th July
a. 11th Oct
b. 11th June
c. 11th Nov
d. 11th July
