Current Affairs - July 24, 2020 Current Affairs

R. Narayanaswamy, Professor of Finance and Accounting in Indian Institute of Management (IIM) Bangalore was appointed as the Chair of the Technical Advisory Committee(TAC) of the National Financial Reporting Authority(NFRA), independent accounting and auditing regulator set up by the Government of India under the Companies Act, 2013.

WADA extends suspension of India's National Dope Testing Laboratory (NDTL) by another six months citing non-conformation to international standards.

Haryana Chief Minister (CM) Manohar Lal Khattar launched e-Sachivalaya portal (https://esachivalaya.edisha.gov.in/), a digital platform to enable people to take online appointments for virtual meetings with the chief minister, deputy CM, ministers and other heads of various departments.

In accordance with the 7th edition of "International Trade Union Confederation (ITUC) Global Rights Index 2020-The World's Worst Countries for Workers", India became the new entrant in the 10 worst countries for working people in the world, with a rating of 5 that states "No guarantee of rights". The index ranked 144 countries on the basis of respect for workers' rights.

Non-life insurer SBI General Insurance Company Limited announced that it has appointed Prakash Chandra (P C) Kandpal as its Managing Director (MD) and Chief Executive Officer (CEO), effective from July 20. He succeeds Pushan Mahapatra, who has been appointed as a director (strategic investments & digital initiatives).

The Ministry of Corporate affairs has extended the tenure of Bethala Shanta Vijaya Prakash Kumar, the acting President of National Company Law Tribunal (NCLT) for one month with effect from 5th July, 2020. This is his second extension.

Rahul Bajaj, the present non-executive chairman of Bajaj Finance has decided to step down on July 31, 2020 and he will be replaced by his son Sanjiv Bajaj (the present Vice Chairman of the company) from August 1.

FamPay, India's first Neobank for teenagers, in partnership with IDFC First Bank launched India's 1st numberless card, FamCard. FamPay with National Payments Corporation of India(NPCI) developed this card.

Kannan CS Warrier, Senior Principal Scientist (Scientist F) at the Institute of Forest Genetics and Tree Breeding (IFGTB) received the 2019 National Award of Excellence for Outstanding Research in Forestry from the Indian Council of Forestry Research and Education (ICFRE).

The Appointment Committee of the Cabinet (ACC) approved the appointment of Sumit Deb as the Chairman and Managing Director of the National Mineral Development Corporation (NMDC) till 28th February 2023, the date of his superannuation.

Union Bank of India (UBI), after its amalgamation with Corporation Bank and Andhra Bank, has announced a corporate agency agreement with Life Insurance Corporation of India (LIC) to distribute latter's policies.

Ethiopia, Egypt and Sudan to resume talks to break a deadlock on Ethiopia's Grand Renaissance Dam reservoir on Nile.

The Russian Foundation for Advanced Research Projects in the Defense Industry informed that Russia for the first time conducted a successful flight test of the MGTD-20 gas turbine engine made by 3D-printing.

Roshni Nadar Malhotra, India's richest woman becomes the 1st woman to head a listed Indian IT company as she took over as the Chairperson of HCL Technologies from her father and billionaire Shiv Nadar (Founder & chairman).

As per the report of Nomura Holdings, Inc, a japanese brokerage firm, India's Gross domestic Product(GDP) is likely to contract by 6.1%(-6.1%) in FY21 as economic activity continues to be weak due to COVID-19 pandemic.

The Director General of Railway Protection Force (RPF), Arun Kumar has been nominated as the Vice-Chairman of UIC (Union Internationale Des Chemins/International Union of Railways), Security Platform from July 2020 to July 2022.

Chandigarh Environment Department has decided to launch ambulances for the treatment of sick trees in the Union Territory. The announcement was made by Debendra Dalai, Director of Environment Department, who said that this will be an emergency service to treat trees affected by termites & other insects.

The creator of the brown bear mascot "Misha" for the 1980 Moscow Summer Olympics, Viktor Chizhikov passed away. The artist's drawings were used in popular magazines, including "Young Naturalist", "Twinkle", "Funny Pictures" and "Murzilka".

The Punjab government signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) - Ropar, for Skill Development in Chandigarh.

A virtual meeting between India and Southern African Customs Union (SACU), consisting of South Africa, Namibia, Botswana, Lesotho, Eswatini, have been revived to achieve a Preferential Trade Agreement (PTA) and to discuss its various aspects.