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25 July Current Affairs

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ON THIS DAY IN HISTORY

  • 1965 Police brutally attack civil rights marchers in Selma, Alabama
  • 1926 The first two-way transatlantic telephone takes place
  • 1965 Police brutally attack civil rights marchers in Selma, Alabama

 

NATIONAL

  • Govt reconstitutes National Platform for Disaster Risk Reduction with Amit Shah as head. The govt has reconstituted the National Platform for Disaster Risk Reduction (NPDRR) with Union Home Minister Amit Shah as its chairperson and Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman, among others, as its members.
  • Intel joins CBSE to empower 1 lakh Indian students in Artificial Intelligence.Initiatives include the roll-out of an Artificial Intelligence curriculum framework for grades VIII, IX and X for 22,000 schools, with the aim to empower 1 lakh students within 2020, Intel said

 

ECONOMY

  • Lok Sabha passes Insolvency and Bankruptcy Code Bill amid noisy protests.Finance Minister Nirmala Sitharaman sought the cooperation of the members to pass the Bill in the House.
  • EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20. The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers
  • PhonePe, other digital transaction apps affected with Yes Bank's. Yes Bank handles UPI transactions for third-party apps such as PhonePe and BharatPe while the private lender is the sole payments service providev for key businesses such as Cleartrip and Airtel.
  • With Aadhaar-enabled system, now avail banking services at your doorstep. People living in areas without banks or ATMs will no longer have to walk long distances to avail such services.
  • Prashant Kumar takes charge as Yes Bank administrator. The private sector lender was on Thursday placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. 
  • Yes Bank crisis’ solution found- RBI unveils reconstruction plan, SBI may invest Rs 2,450 crore. The Reserve Bank of India on Friday announced a reconstruction plan for troubled private lender Yes Bank, just a day after a moratorium and curb on withdrawals created widespread panic among depositors and investors.
 
 
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