Home Daily Current Affairs Jul 29, 2021

Jul 29, 2021: Current affairs for UPSC/State PSC

This section contains daily current affairs taken from all major news papers and magazines like - The Hindu, Indian Express, PIB, Live Mint, RSTV etc.

These current affairs are written in a easy to remember format and are useful for competitive exams like - UPSC Civil Services, UPPSC, BPSC, MPPPSC, State PSCs and other competitive examinations.

Pak climber becomes world's youngest to scale K2

A 19-year old Pakistani climber, Shehroze Kashif, became the youngest person in the world to reach the summit of K2, the second-highest peak in the world.

Nanga Parbat and K2 are considered as the most difficult and challenging by the climbers.

Social Issues

Academic Bank of Credit

The Centre plans to officially roll out some initiatives promised in the National Education Policy (NEP), such as a credit transfer system that will allow multiple entry and exit options in higher education, as well as engineering programmes in regional languages.

The Academic Bank of Credit will be rolled out for students in over 290 top institutions from the current academic year 2021-22 onwards.

Read More: National Education Policy (NEP)

Gov. Schemes

Deposit Insurance Credit Guarantee Corporation Bill 2021

In present scenario, accessing depositors money normally takes about 8-10 years, after complete liquidation of the bank.

The Deposit Insurance Credit Guarantee Corporation Bill 2021 propose to return upto Rs 5 lakh of their savings within 90 days of the central bank's imposition of a moratorium on a bank's operations.

As per the proposed process, once a bank is in trouble, it will have to collect all the account details and balances and share it with the Deposit Insurance Credit Guarantee Corporation (DICGC) within 45 days. The Corporation will get another 45 days to check these details and process the claims.

Read More: Deposit Insurance Credit Guarantee Corporation (DICGC)


What is "COVID BEEP" ?

COVID BEEP (Continuous Oxygenation & Vital Information Detection Biomed ECIL ESIC Pod), is India's first indigenous, cost effective, wireless physiological parameters monitoring system for COVID-19 patients.

It is developed by ESIC Medical College Hyderabad in collaboration with Electronics Corporation of India Ltd. (ECIL) and Department of Atomic Energy.

The latest version of COVID BEEP has incorporated the following:

1) Human Non-invasive Blood Pressure (NIBP) monitoring: NIBP recording gives the ability to capture continuous blood pressure data over long sampling periods easily, and with increased comfort of the subject.

2) ECG monitoring: An electrocardiogram (ECG or EKG) records the electrical signal from the heart to check for different heart conditions.

3) The Respiratory Rate: The respiration rate is the number of breaths a person takes per minute.

COVID BEEP will greatly reduce the transmission risk as well as help save resources like PPEs.

Science & Tech

United Nations Food Systems Summit 2021

Union Minister for Agriculture and Farmer's Welfare, Shri Narendra Singh Tomar led a fifteen members' Indian delegation to the three-day UN Food Systems Pre-Summit 2021 organized by the United Nations and the Government of Italy.

The United Nations Secretary General has called for the first ever UN Food Systems Summit to be held in September 2021.

The Summit will launch bold new actions to deliver progress on all 17 SDGs, each of which relies to some degree on healthier, more sustainable and equitable food systems.

International Relations

What is "iDEX challenge" ?

Ministry of Defence has approved a central sector scheme - Innovations for Defence Excellence (iDEX) with budgetary support of Rs. 498.80 crore for the next 5 years from 2021-22 to 2025-26.

The objective of the scheme is to provide financial support to nearly 300 Startups/ MSMEs/ individual innovators and about 20 Partner incubators through Defence Innovation Organisation (DIO).

Read More: iDEX challenge

Gov. Schemes

IFSCA (Capital Market Intermediaries) Regulations, 2021

The IFSCA (Capital Market Intermediaries) Regulations, 2021 provide for regulatory requirements in respect of registration, obligations and responsibilities, inspection and enforcement of various types of capital market intermediaries.

Capital market intermediaries includes broker dealers, clearing members, depository participants, investment bankers, portfolio managers, investment advisers, custodians, credit rating agencies, debenture trustees and account aggregators.

Read More: IFSCA