Current Affairs 4th July 2019 | Daily GK Update

Dear Aspirants,
The General Awareness Section plays an important role in scoring well above cut off marks in any competitive exam. The Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs mainly. So you need to prepare well this section to score good marks. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!


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Economic Survey 2018-19: Important Highlights

Guided by the dictum of “blue-sky thinking”, the Economic Survey underscored the ambitious agenda of applying principles of behavioural economics to achieve 8 percent of sustained GDP growth to make India a $5-trillion economy by 2024-25. 

National News

1. Govt hikes MSP of Kharif crops for 2019-20 season

i. The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices for all Kharif crops for 2019-20 Season
ii. MSP of the following crops has been increased by:
  • Paddy: 65 rupees per quintal
  • Jowar: 120 rupees per quintal
  • Ragi: 253 rupees per quintal
  • Tur: 125 rupees per quintal
  • Moong: 75 rupees per quintal
  • Urad Pulses: 100 rupees per quintal
  • Soyabean: 311 rupees per quintal
  • Sunflower: 262 rupees per quintal
  • Sesamum: 236 rupees per quintal
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:
  • Agriculture Minister: Narendra Singh Tomar.
2. Indian Railways to install CCTV cameras in over 7,000 train coaches

i. According to the GoI, the Indian Railways has set a target to install CCTV cameras in more than 7,000 coaches of mainline passenger trains by March 2021. 
ii. Also, CCTV cameras have already been installed in coaches of premium, mail, express and suburban trains.

Static/Current Takeaways Important For SBI PO/Clerk Mains:

  • Minister for Railways: Piyush Goyal.
3. Jagannath Rath Yatra 2019 begins
i. Lord Jagannath Rath Yatra begins in Puri, Odisha
ii. The Rath Yatra marks the journey of Lord Jagannath along with his siblings Lord Balabhadra and Devi Subhadra from Jagannath temple to Gundicha temple. 
iii. The journey covers a distance of around 17 km in Puri.

Static/Current Takeaways Important For EPFO/LIC ADO Mains:

  • CM of Odisha: Naveen Patnaik, Governor: Ganeshi Lal.

International News

4. IMF approves $6 billion loan for cash-strapped Pakistan

i. The IMF has approved a USD 6 billion loan over a period of 3 years for cash strapped Pakistan. ii. The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion to help Pakistan address its balance of payment crisis.
iii. The approved loan aims to support Pakistan’s economic plan, which aims to return sustainable growth to the country’s economy and improve the standards of living.
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:
  • Prime Minister of Pakistan: Imran Khan; Capital: Islamabad.
Business News

5. ICICI & IndoStar Capital partner to finance commercial vehicles

i. ICICI Bank has tied up with NBFC IndoStar Capital for vehicle financing for small and medium fleet owners to buy new as well as old commercial vehicles.
ii. Under this partnership, IndoStar will originate and service the customers through the entire loan life cycle including sourcing, documentation, collection and loan servicing.
Static/Current Takeaways Important For ESIC:
  • Managing Director & CEO of ICICI Bank: Sandeep Bakhshi.
6. RBI sets up panel to review CICs

i. The Reserve Bank of India has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC)
ii. The group will be headed by Tapan Ray, non-executive chairman, Central Bank of India.
iii. The panel will examine the current regulatory framework for CICs in terms of adequacy, efficacy and effectiveness.
Ranks and Reports

7. Maharashtra ranks first in NITI Aayog’s AMFFR Index

i. Maharashtra achieves first rank in NITI Aayog launched “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI)”.
ii. The index ranks states based on the degree of reforms they have undertaken in agricultural marketing. 
iii. AMFFRI has a score that can have minimum value “0” implying no reforms and maximum value “100” implying complete reforms in the selected areas.
Static/Current Takeaways Important For EPFO/LIC ADO Mains:
  • NITI Aayog CEO: Amitabh Kant; Vice Chairman: Rajiv Kumar.


8. IPS officer Aparna Kumar completes Seven Summit challenge

i. Aparna Kumar becomes first IPS officer to complete Seven Summit challenge by scaling Mt Denali. 
ii. Mt Denali is the tallest mountain in North America.
Sports News  
9. Hima bags gold in Poznan Athletics Grand Prix

i. Hima Das, the under-20 World champion has won the gold medal in women’s 200m in the Poznan Athletics Grand Prix. 
ii. Poznan Athletics Grand Prix is taking place in Poznan, Poland.

10. US auto industry legend Lee Iacocca passes away

i. Automobile industry legend from USA Lee Iacocca passed away. 
ii. He was known for creating the iconic Ford Mustang and saving Chrysler from bankruptcy.
11. Veteran industrialist BK Birla passes away

i. Birla Group patriarch and an ace of the Indian industry Basant Kumar Birla passed away in Mumbai. 
ii. He was the chairman of Century Textiles and Industries and was active in business since the age of 15.
Practice Current Affairs & Banking Quiz

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