Current Affairs for BANK, IBPS Exams - 08 July 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 08 July 2021


New cabinet minister

Cabinet Ministers

  • Narayan Rane
  • SarbanandaSonowal : Ports and Shipping, AYUSH Ministry.
  • DrVirendra Kumar
  • JyotiradityaScindia : Civil Aviation.
  • Ramchandra Prasad Singh : Steel Ministry.
  • AshwiniVaishnav : Railways, Communication & Electronics and Information Technology.
  • PashuPati Kumar Paras: Minister of Food Processing Industries.
  • KirenRijiju : Law and Justice Ministry.
  • DharmendraPradhan : Education Ministry.
  • Raj Kumar Singh : Power and Ministry of New and Renewable Energy.
  • Hardeep Singh Puri : Petroleum, Housing and Urban Development.
  • MansukhMandaviya : Chemicals and Fertilizers, Health Ministry.
  • BhupenderYadav
  • ParshottamRupala
  • G Kishen Reddy
  • AnuragThakur : Information & Broadcasting and Sports.

Ministers of State

  • PankajChoudhary
  • Anupriya Singh Patel
  • Satya Pal Singh Baghel
  • Rajeev Chandrasekhar
  • ShobhaKarandlaje
  • BhanuPratap Singh Verma
  • DarshanaVikramJardosh
  • MeenakshiLekhi
  • Annpurna Devi
  • A Narayanaswamy
  • Kaushal Kishore
  • Ajay Bhatt
  • BL Verma
  • Ajay Kumar
  • ChauhanDevusinh
  • BhagwanthKhuba
  • KapilMoreshwarPatil
  • PratimaBhoumik
  • SubhasSarkar
  • BhagwatKishanraoKarad
  • RajkumarRanjan Singh
  • BharatiPravinPawar
  • BishweswarTudu
  • Shantanu Thakur
  • DrMunjaparaMahendrabhai
  • John Barla
  • Dr L Murugan
  • NishithPramanik
  • Virendra Kumar, AshwiniVaishnaw, Rajeev Chandrasekhar, PankajChoudhary, SPS Baghel, BhanuPratap Singh Verma, DarshanaJardosh, Annpurna Devi, AR Narayana Swami, KaushalKishor, BL Verma, Ajay Kumar, PratimaBhoumik, BhagwantKhuba, SubhashSarkar, BhagwatKisanraoKarad, BhartiPawar, John Barla and NishitPramanik were also among those who met Modi in the morning. This is the first reshuffle in PM Modi’s Council of Ministers since he assumed charge for a second term in May 2019.

New Ambassador to India

  • PattaratHongtong: Thailand
  • Daniela Mariana Sezonov Taunts: Romania
  • NurlanZalgasbayev: Kazakhstan
  • FiratSunal: Turkey

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Sri Lanka releases commemorative coin to commemorate the centenary of Communist Party of China

  • Sri Lanka on Wednesday issued its most expensive gold coin ever to celebrate the 100th anniversary of the Chinese Communist Party, underscoring the close ties between the countries.
  • The commemorative 1,000-rupee ($5) coin will be sold for 222,000 rupees from Monday, the Central Bank of Sri Lanka said.
  • "The coins have been issued at the request of the government of Sri Lanka as an accolade for long-standing friendship and mutual trust between the two countries," the bank said.
  • Sri Lanka has increasingly turned to China for financing and diplomatic support in recent years, prompting India and the United States to express concern.
  • One side of the 12-gram (0.42 ounces) coin marks the Chinese party's anniversary while the other celebrates 65 years of diplomatic ties between the two nations and depicts a Colombo theatre built with Chinese financing.
  • Sri Lanka released its last gold coin to mark 50 years of independence from Britain in 1998, but that one was only two thirds the weight of the Chinese anniversary coin.


Fitch cuts India's GDP growth forecast for 2021-22 to 10% from 12.8%

  • Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected.
  • In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."
  • "India's second half of 2020 rebound also took GDP back above its pre-pandemic level and we have revised up our 2021-2022 forecast to 12.8 per cent from 11.0 per cent," it said. 
  • "Nevertheless, we expect the level of Indian GDP to remain well below our pre-pandemic forecast trajectory."
  • GDP surpassed its pre-pandemic level in December quarter, growing 0.4 per cent year-on-year, after contracting 7.3 per cent in the previous quarter.

Export of Geographical Indication certified Bhalia wheat started from Gujarat

  • In a major boost to wheat exports, the first shipment of Geographical Indication (GI) certified Bhalia variety of wheat was exported today to Kenya and Sri Lanka from Gujarat. The GI certified wheat has high protein content and is sweet in taste. The crop is grown mostly across Bhal region of Gujarat which includes Ahmadabad, Anand, Kheda, Bhavanagar, Surendranagar, Bharuch districts.
  • The unique characteristic of the wheat variety is that grown in the rainfed condition without irrigation and cultivated in around two lakh hectares of agricultural land in Gujarat.TheBhalia variety of wheat received GI certification in July, 2011. The registered proprietor of GI certification is Anand Agricultural University, Gujarat.
  • This initiative is expected to give boost wheat exports from India. In 2020-21, the wheat exports from India witnessed a significant growth of 808 % to Rs 4034 crore from Rs 444 crore reported in the previous fiscal. In US dollar terms, the wheat exports rose by 778% to $ 549 million in 2020-21.
  • India exported substantial quantity of grain to seven new countries – Yemen, Indonesia, Bhutan, Philippines, Iran, Cambodia and Myanmar during 2020-21.
  • In the previous financial years, only small quantities of wheat were exported to these countries. Wheat exports did not take place to these seven countries in 2018-19 and only 4 metric tonne of grain was exported in 2019-20. The volume of exports of wheat to these countries rose to 1.48 lakh tone in 2020-21.

::Science and tech::

Four homeless 'rogue planets' of Earth-mass found near centre of galaxy

  • A new research has located four planets of similar mass to Earth and without any host star. The discovery has been published in 'Monthly Notices of the Royal Astronomical Society'. These so-called rogue planets are free-floating, possibly after having been ejected from their star systems by the gravitational tug of heavier planets, the study said.
  • Led by Iain McDonald of the University of Manchester, UK, the study used data obtained in 2016 during the K2 mission phase of NASA’s Kepler Space Telescope. During this two-month campaign, Kepler monitored a crowded field of millions of stars near the center of our Galaxy every 30 minutes in order to find rare gravitational microlensing events.
  • The study team found 27 short-duration candidatemicrolensing signals that varied over timescales of between an hour and 10 days. Many of these had been previously seen in data obtained simultaneously from the ground. However, the four shortest events are new discoveries that are consistent with planets of similar masses to Earth.
  • Despite being ejected out of their solar systems, previous research has suggested that rogue planets could hang onto nearly half their moons during the ejection process and potentially maintain conditions for life for billions of years.


Wrestler BajrangPunia will be the flag bearer at the closing ceremony of Tokyo Olympics

  • Wrestler BajrangPunia will be the flag bearer at closing ceremony on July 8.
  • IOA president NarinderBatra confirmed that the total contingent for the Olympics would be around 126 athletes and 75 officials, and as a result, the total contingent would be around 201.

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