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Daily Current Affairs 07th July, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 07th July, 2024. It includes all Major National, International, Business and Sports related current affairs of 07th July, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 07th July, 2024 Current affairs test.

Banking & Finance

Securities and Exchange Board of India Issues New Guidelines to Enhance Credit Rating Agency Operations    

  • The Markets regulator Securities and Exchange Board of India (SEBI) has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies (CRAs).
  • The guidelines aim to promote ease of doing business, bring about uniformity in handling appeals, protect investors, and foster the development and regulation of the securities market.
  • These modifications will be applicable, with effect from August 01, 2024.

Life Insurance Corporation of India Unveils Agency Transformation Initiative ‘Jeevan Samarth’     

  • The Life Insurance Corporation of India (LIC) launched the ‘Jeevan Samarth’ agency transformation project to address the evolving needs of customers.
  • LIC has partnered with consulting firm A T Kearney to review and transform its existing agency framework on an end-to-end basis.
  • Aim : To future-proof LIC’s 14 lakh agent workforce to meet the rapidly changing demands of customers.

National News

SEHER Credit Education Program Launched to Empower Women Entrepreneurs

  • SEHER, a credit education program launched by the Women Entrepreneurship Platform (WEP) and TransUnion CIBIL, aims to empower women entrepreneurs in India with essential financial literacy content and business skills.
  • This initiative will facilitate their access to financial tools, driving growth and employment in the country.

Union Budget to Propose 20 Million More Rural Houses Under PMAY Gramin

  • The Union Budget is likely to propose the construction of an additional 20 million rural houses over the next five years under the Pradhan Mantri Awas Yojana (PMAY) Gramin.
  • This initiative is in addition to the 10 June Cabinet decision to build 30 million homes for both urban and rural poor under PMAY.

Government Mandates BIS Standards for Stainless Steel and Aluminium Utensils

  • To enhance kitchen safety, quality, and efficiency, the Government of India has mandated adherence to the Bureau of Indian Standards (BIS) for stainless steel and aluminium utensils.

State News

Madhya Pradesh Chief Minister Mohan Yadav Unveils Lokpath App for Resolving Road Issues Within 7 Days    

  • Madhya Pradesh (MP) Chief Minister (CM) Mohan Yadav introduced the ‘Lokpath Mobile App’ in Bhopal, MP.
  • This app aims to resolve road problems within 7 days, ensuring officer accountability.
  • The app was developed by Madhya Pradesh State Electronic Development Corporation Limited.

Business News

Hindustan Aeronautics Ltd (HAL): Transition to Helicopter Production

  • Since the early 1960s, Hindustan Aeronautics Ltd (HAL) has established a robust income stream from fixed-wing combat aircraft, notably by designing and building the HF-24 Marut and assembling MiG-21 fighters from Soviet blueprints.

Bajaj Auto Launches World’s First CNG-Powered Two-Wheeler

  • Bajaj Auto has launched the world’s first compressed natural gas (CNG)-powered two-wheeler, the Freedom 125, in Pune.
  • This marks a significant innovation in the motorcycle market under the brand Bajaj’s bi-fuel motorcycle.
  • The bike will be available at a starting price of Rs 95,000 (ex-showroom) and comes in six colors and three variants.
  • The Freedom 125 boasts a range of 330 km and promises 50% lower maintenance costs compared to other bikes.

Awards And Honours

BPCL has partnered with the Indian Olympic Association as Principal Sponsor for four years

  • Bharat Petroleum Corporation Limited (BPCL), a Maharatna and Fortune Global 500 company, has proudly announced its role as the official Principal Partner of the Indian Olympic Association (IOA) for four years, from the Paris Olympics in 2024 to the Los Angeles Olympics in 2028.

Ranking And Index

Hong Kong, and Singapore most expensive cities to live in the world

  • Mercer’s Cost of Living City rankings for 2024 reveal that Hong Kong, Singapore, and Zurich remain the world’s most expensive cities for expatriates.
  • Conversely, cities like Islamabad, Lagos, and Abuja are among the cheapest.
  • Mumbai: Highest ranked Indian city at 136th place.
  • Delhi: Moved up 4 spots to 165th place.
  • Other Indian cities include Chennai (189), Bengaluru (195), Hyderabad (202), Pune (205), and Kolkata (207).

Defence News

Indo-Russian joint venture delivers 35,000 AK-203 assault rifles to Ministry of Defence: Rostec   

  • The Indo-Russian Rifles Private Limited (IRRPL), a joint venture (JV) between India & Russia, has produced and transferred 35,000 Kalashnikov AK-203 assault rifles to the Indian Ministry of Defence, Rostec state corporation of Russia announced.
  • Of the delivered rifles, 10,000 have been handed over to units, and inspection of the remaining 25,000 is complete, with delivery to troops imminent.

Science & Technology

Indian Space Research Organisation Selects 2 Gaganyaan Astronauts for International Space Station Mission Under Axiom-4  

  • As a part of the Axiom-4 mission, the Indian Space Research Organisation (ISRO) has shortlisted two of its four trained Gaganyaan astronauts to travel to the International Space Station (ISS).
  • Axiom Mission 4 (or Ax-4) is a private spaceflight to the ISS.
  • It is operated by Axiom Space and uses a SpaceX Crew Dragon spacecraft.
  • The flight is in collaboration with NASA and will be the 4th flight of Axiom Space after Axiom Mission 1, Axiom Mission 2 and Axiom Mission 3.
  • Scheduled to launch in 2024, Axiom-4 will continue the company’s pioneering efforts to establish a sustainable human presence in Low Earth Orbit (LEO).

Sports News

Pankaj Advani Beaten By Dhruv Sitwala To claim 2024 Asian Billiards Championship Title

  • Ace Indian cueist Pankaj Advani fell short in his quest to secure a hat-trick of titles, losing 2-5 to compatriot Dhruv Sitwala in the final of the 2024 Asian Billiards Championship.


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