Current Affairs for BANK, IBPS Exams - 15 July 2021

::NATIONAL::

From politics to law, the UP law commission’s proposal is likely to be judged on various parameters. However, the draft bill has triggered a debate on the necessity and feasibility of a population control law in India.
A draft bill on population control prepared by the Uttar Pradesh (UP) State Law Commission to promote the two-child policy has invoked strong reactions from several quarters.
Some have questioned its timing, since the state goes to polls in eight months; others have supported the proposition by highlighting several other states that already have a two-child norm in place. The policy has also been criticised for being unnecessary, violating women’s rights and for allegedly discriminating against Muslims.
The draft bill, for which suggestions have been invited from the public by July 19, also proposes to prohibit people who have more than two children from receiving any kind of subsidy, and suggests incentives such as tax rebates for those with two children or less.

The new mission is located in Tel Aviv Stock Exchange building. The ceremony was attended by new Israeli President Isaac Herzog, The Times of Israel reported.
The United Arab Emirates on Wednesday became the first Gulf nation to open an embassy in Israel, nearly a year after both countries signed an agreement to normalise diplomatic ties.
The new mission is located in Tel Aviv Stock Exchange building. The ceremony was attended by new Israeli President Isaac Herzog, The Times of Israel reported.
UAE Ambassador Mohammad Mahmoud Al Khajah officially presented his credentials at the beginning of March but the official opening was not held until now.
"It is a great honour to open the embassy here. Ten months ago our two countries signed the Abraham Accords with a vision of dignity, prosperity and peace for the two peoples," Khajah said at the ceremony.

Dearness allowances for central government employees have also been increased from 17% to 28%. The much-awaited announcement came as a major relief to lakhs of central government employees and pensioners after DA and DR were put on hold last year in the wake of the Covid-19 pandemic.
In what comes as a relief for Rajasthan government employees amid the coronavirus disease (Covid-19) pandemic, the state's chief minister Ashok Gehlot has allowed an increase in the dearness allowances of government employees from the existing 17% to 28%. The increase in dearness allowances was made applicable from July 1, an official notification said, adding that an amount around ₹4,000 crore per annum has been allotted to support the government employees during this difficult time.
Rajasthan increasing the dearness allowances for government employees comes close to the heels of the central government announcing a similar measure. The NarendraModi-led regime announced earlier on Wednesday that it had hiked the dearness allowance (DA) and dearness relief (DR) of central government employees, applicable from July 1.

Infosys Ltd raised its annual revenue forecast on Wednesday, as India's second-largest IT services company wins more contracts from global businesses expanding their digital offerings during the Covid-19 pandemic.
The outlook raise followed a strong first quarter in which the company's profit jumped 22.7%, mirroring upbeat results from bigger rival Tata Consultancy Services Ltd and underscoring demand for India's outsourcing service providers.
The company signed several large contracts in the quarter in fields such as cloud, data and analytics, Chief Executive Officer Salil Parekh said in a news conference.
Infosys said it expects revenue growth of 14% to 16% for the financial year to March 2022, compared with the 12% to 14% growth predicted in April.
The Bengaluru-based firm also maintained its margin forecast for fiscal 2022 at 22% to 24%.
"Given Infosys' strong deal pipeline, increasing internet penetration and healthy balance sheet, the outlook for the stock remains optimistic," said LikhitaChepa, senior research analyst at CapitalVia Global Research.

The space agency test-fired the Vikas engine used in the second stage of the rocket for 240 seconds, the full duration it will operate during an actual mission.
In a major milestone, the Indian Space Research Organisation (Isro) completed the final testing of one of the three stages of the launch vehicle that will carry humans to space under the Gaganyaan mission.
The space agency test-fired the Vikas engine used in the second stage of the rocket for 240 seconds, the full duration it will operate during an actual mission, at the engine test facility Isro Propulsion Complex (IPRC)-Mahendragiri in Tamil Nadu.
“The performance of the engine met the test objectives and the engine parameters were closely matching with the predictions during the entire duration of the test,” the space agency said in a release.
Isro’s GSLV Mk III, which successfully carried the Chandrayaan-2 mission to space in its first operational flight, has three stages – the two solid S200 boosters fired at the launch, the core L110 liquid stage, and the upper C-25 cryogenic stage.
“The liquid stage of the launch vehicle uses two Vikas engines, which is what was tested by Isro.

The Indian men's and women's hockey teams remained unchanged at fourth and 10th spot respectively in the FIH rankings released on 14-07-2021.
Australia moved to the top of the men’s world rankings with 2513.67 points after a string of victories over New Zealand, both in the FIH Hockey Pro League and an FIH sanctioned test series.