Current Affairs Quiz - July 2022

Notes:
The Reserve Bank of India has hiked the minimum capital adequacy ratio (CAR) for Urban Cooperative Banks (UCBs) to 12 per cent from the earlier ratio of 9 per cent.
The requirement is applied for Tier 1 banks, with deposits above Rs 100 crore. RBI has also provided a path till March 2026 to meet revised CAR norm in phases, for UCBs that don’t meet it currently. This is based on recommendations of a panel headed by N S Vishwanathan, former Deputy Governor.

Notes:
India’s largest public sector lender, State Bank of India (SBI), announced the launch of its WhatsApp Banking services
Customers of SBI may use WhatsApp to access banking services from the lender. Users can check your account balance and get Mini Statement. Through the platform, the State Bank of India also offers WhatsApp-based services to customers with credit cards.

Notes:
As per a recent survey of the Reserve Bank of India, the US surpassed the UAE as the top source country of India’s remittances, accounting for 23% of total remittances.
India is by far the world’s largest recipient of remittances, as it received $87 billion in 2021 with a growth of 4.6%. The share of remittances from the Gulf Cooperation Council region in India’s inward remittances is estimated to have declined.

Notes:
India and European Union (EU) recently attended the 10th round of ‘Human rights dialogue’ in New Delhi.
India and the European Union deliberated on the importance of safeguarding freedom, independence and diversity, including human rights defenders and journalists. Germany, a key member of the EU, had earlier criticised Indian authorities over fact-checker Mohammed Zubair’s arrest.

Notes:
Former Supreme Court judge Vineet Saran has taken over as the BCCI’s ethics officer and ombudsman, filling the dual posts which were lying vacant for a year.
Vineet Saran has succeeded Justice (Retd) D K Jain, whose term ended in June last year. He is a former Chief Justice of Odisha High Court, and also served as a judge in Karnataka and Allahabad High Court.

Notes:
NITI Aayog has released a report titled ‘A proposal for Digital Banks in India: Licensing and Regulatory Regime’.
The report recommends a calibrated approach, comprising ‘Issue of a restricted digital bank licence’, ‘Enlistment in a regulatory sandbox framework enacted by the Reserve Bank of India’ and ‘Issue of a full-scale digital bank licence’.

Notes:
Maharashtra’s Jawaharlal Nehru Port has become the first 100 per cent Landlord Major Port of India with all berths being operated on PPP model.
JNP is one of the leading container ports of the country and is ranked 26th among the top 100 global ports. The terminal will also handle Ro-Ro vessels which will not only lower the logistics cost and reduce transit time but will also contribute in reducing congestion on roads.

Notes:
India signed an ‘Agreement to curb trans-border crimes’ with Bangladesh. The countries also decided to complete pending developmental work within 150 yards of the international border.
The agreements were signed during the Director-General level border co-ordination conference between India and Bangladesh, held in Dhaka after two years.

Notes:
The running and maintenance of ships of the Union Territory (UT) of Lakshadweep have been handed over to the Shipping Corporation of India to improve shipping operations.
The administration of the Union Territory (UT) announced that out of the five ships in service for the people of Lakshadweep and connecting between islands and Kochi, two are undergoing repairs.

Notes:
The Unique Identification Authority of India (UIDAI) has launched ‘Aadhaar Face RD’ app to enable Aadhaar card holders to authenticate their unique 12-digit identity number using face.
UIDAI enabled Aadhaar Authentication User Agencies (AUAs) to capture Aadhaar card holders face for authentication purpose. The App captures live person’s face for authentication using Face Authentication Technology. A Aadhaar card holder need not to carry physical identification and the biometric data will be restored in the Central Identity Data Repository (CIDA).