Current Affairs in English – July 17 2022

National Events:

Kotak Mahindra Bank-First Private Bank:

Kotak Mahindra Bank has completed technical integration with the new e – filing portal of the Income Tax ( IT ) department . After this , it has become the first private bank to fully integrate with this portal .
Its customers can now pay their direct taxes through the e – pay tax tab on the portal using Kotak net banking or by visiting a branch . Kotak Mahindra Bank Chairman , MD & CEO – Uday Kotak.

Bundelkhand Expressway:

PM Modi on 16 July 2022 inaugurated the Bundelkhand Expressway in the Jalaun district of Uttar Pradesh .
The 296 km 4 – lane expressway has been constructed at a cost of around 14,850 crores .It will link the Bundelkhand area to Delhi through the Agra – Lucknow Expressway and Yamuna Expressway .
It has been constructed by Uttar Pradesh Expressways Industrial Development Authority ( UPEIDA ) .

NaBFID:

Financial Services Institutions Bureau ( FSIB ) has recommended Rajkiran Rai G. for the position of managing director in the newly formed National Bank for Financing Infrastructure and Development ( NaBFID ) .
Rai is the former chairman of Union Bank of India . This is the first selection made by the FSIB following its incorporation on 1 July 2022 . Banks Board Bureau ( BBB ) was revamped into FSIB .

RBI & BI:

The Reserve Bank of India ( RBI ) & Bank Indonesia ( BI ) on 16 July 2022 signed an MoU to expand cooperation in payment systems , digital financial innovation and anti – money laundering and combating the financing of terrorism ( AML – CFT ) .
The MoU was signed on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Bali , Indonesia . RBI Governor – Shaktikanta Das.

RoSCTL:

The Centre has extended the Scheme for Rebate of State and Central Taxes and Levies ( RoSCTL ) till March 2024 to boost exports and job creation in the textile sector .
After this decision , the rates of exports of apparel and garments will continue the same as earlier .After the introduction of GST in 2017 , the ROSL ( Rebate of State Levies ) scheme was replaced by a new scheme RoSCTL in 2019 .

International Events:

First – ever red warning:

UK’s Met Office has issued the first – ever red warning , declaring a national emergency , as temperatures could hit 40 ° C . A red warning means there is a risk to life and daily routines will need to change .
Temperatures of 40 ° C have been forecasted for the first time in the UK . The heatwave originating in North Africa is spreading across Europe and has fuelled wildfires in France & Spain .

July 17:

Since 1995, this day is observed to spread awareness about international cooperation to combat desertification and the effects of drought.
The United Nations General Assembly in 1994 declared 17 June as the “World Day to Combat Desertification and Drought”.

Sports Events:

First Indian to enter:

Murali Sreeshankar became the first Indian to enter the men’s long jump final at the World Athletics Championships ( WAC ) on 16 July 2022 .
He leapt 8m & finished second in the qualification round at the ongoing WAC in Oregon , USA .
Anju Bobby George was the first Indian to make it to the World Championships long jump finals and the first to win a medal – bronze in the 2003 edition in Paris .

2025 World Athletics Championships:

Tokyo has been selected as the host city for the 2025 World Athletics Championships . Budapest will host the 2023 edition . World Athletics Championships are a biennial athletics competition organized by World Athletics .
The 2022 edition is currently being organised in Oregon , USA , which was originally scheduled to be held in 2021 but postponed by one year due to the COVID – 19 pandemic .