Current Affairs 2020

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This post contains important current affairs of 14 July 2020. It includes all Major National, International, Business and Sports related current affairs of 14 July 2020. We have collected the latest current affairs and compiled them date wise. These current affairs are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 14 July 2020 Current affairs test.

RIL first company in India to surpass Rs 12 lakh crore market cap
Reliance Industries Ltd (RIL) became the first Indian company to cross the Rs12 lakh crore in market capitalisation as the stock soared to a record high. Shares of the company, controlled by billionaire Mukesh Ambani, have doubled in value since mid-March.

India’s GDP likely to contract 4.5% in FY21
Industry body FICCI’s latest Economic Outlook Survey has pegged India’s growth for 2020-21 at (-) 4.5 per cent as the country continues to see a gradual rise in financial stress. Data shows that while overall growth estimates stand at -4.5 per cent, the GDP estimated for the first quarter of the year is abysmal at(-) 14.2 percent. The official growth numbers for the first quarter are expected to be released by the end of August 2020. FICCI puts India’s minimum growth estimate at (-) 6.4% and maximum growth at 5% for the year 2020-21

United Nations organised 2020 Virtual Counter-Terrorism Week from 6-10 July 2020
The Virtual Counter-Terrorism Week will be held from 6-10 July and convened under the overarching theme of “Strategic and Practical Challenges of Countering Terrorism in a Global Pandemic Environment”. The event will be launched on 6 July 2020 at 10:00 am (New York time) with an opening twohour high-level session titled “Post COVID-19 World: Contours and Pivot Points and Benefits of Multilateral Collaboration.”

Nabard announces Rs.5,000-crore concessional refinance facility
The National Bank for Agriculture and Rural Development (Nabard), announced a concessional refinance facility to the tune of 5,000 crore for banks and financial institutions for on-lending to beneficiaries in its 2,150 watershed development projects.

NHB provides Rs.25,000 crore to housing fin cos as renance assistance in last 4 months
The National Housing Bank (NHB) has in the last four months (March to June 30, 2020) provided a total refinance assistance of over 25,000 crore to the housing finance companies (HFCs) alone. Total refinance disbursements during July-June 2020 grew 24 per cent year -on-year to touch 31,250 crore under its various refinance schemes.

Google to invest $10 billion in India over 5-7 years
Internet giant Google launched the Google for India Digitization Fund with a commitment to invest75,000 crore (approximately $10 billion) over the next 5-7 years towards digitizing the Indian economy. The fund will be deployed to accelerate Google’s efforts through a mix of equity investments, partnerships, operations, infrastructure, and ecosystem investments.

PayU Introduces QR Enabled EFT Solution For Real Time Monitoring Of Bank Transactions
PayU, India’s leading online payment solutions provider, introduced the QR enabled EFT payment option that allows businesses and customers to track the status of high value EFT payment transactions (Rs 5 lakh and above) in real time. It ensures that customers and businesses don’t have to spend time and effort chasing customer care centres of banks or merchants to understand the status of their payment or refund.

Dr. Vidhu P. Nair appointed India’s next Ambassador to Turkmenistan
Vidhu P. Nair has been appointed as the next Ambassador of India to Turkmenistan. Dr Nair, who is a 2002 batch IFS officer, is presently Director in the External Affairs Ministry.

Hemang Amin appointed BCCI’s interim CEO
With former CEO Rahul Johri’s resignation being accepted and him being asked to leave, the Board of Control for Cricket in India (BCCI) has decided to appoint Hemang Amin as the interim CEO of the board. The board employees were informed about the arrangement.

ISRO to launch Amazonia-1 satellite of Brazil onboard PSLV next month
The Indian Space Research and Research Organisation (ISRO) gets ready to launch Brazil’s Amazonia -1 satellite next month onboard. This Brazilian Satellite has been locally designed, assembled and tested in Brazil and will be the first satellite for Earth Observation. It will the primary payload and will not be a hitch-hiking satellite. The Amazonia-1 is part of the Framework Agreement signed between India and Brazil in 2004.

IIT Kanpur develops UV sanitizing device ‘SHUDH’ to make your room COVID free
Due to Covid Pandemic People are nowadays afraid of touching anything around, specifically in the areas where masses have to come. To solve this problem Imagineering Laboratory department of IIT Kanpur has developed an Ultraviolet (UV) sanitizing product named SHUDH.

Former Telangana minister P Ramaswamy passes away
Former minister and MP P Ramaswamy passed away. He played an active role in the first phase of the Telangana Statehood movement.