Tina Malhotra is teaching live on Unacademy Plus
CURRENT AFFAIRS: JULY 5 BY TINA MALHOTRA
AGREEMENT 1. CSC SPV-HDFC -CSC SPV, a Special Purpose Vehicle under the Ministry of Electronics & IT, has entered into agreement with HDFC Bank to enable its three lakh Village Level Entrepreneurs (VLEs) managing the Common Services centres operate as Banking Correspondents of HDFC Bank. 2. WHAT WILL HAPPEN Under the agreement, VLEs of CSC will work as Banking Correspondent of HDFC 3. CSC Common Services Centers (CSCs) are a strategic cornerstone of the Digital India programme
WIPO TREATY 1. ACCESSION TO THE TREATY Cabinet approves accession to WIPO Copyright Treaty, 1996 and WIPO Performance and Phonograms Treaty, 1996. 2. WHAT IS IT ABOUT -It has provisions to extend the protection of copyrights contained therein to the digital environment. -Further it recognises the rights specific to digital environment. 3. WIPO PERFORMANCES AND PHONOGRAMS TREATY (i) Performers (actors, singers, musicians etc.) (ii) Producers of Phonograms (Sound recordings)
SAI 1. RENAMED TO SPORTS INDIA Union Ministers of Youth Affairs and Sports Rajyavardhan Rathore announced that the national sports body, Sports Authority of India (SAI), will now be known as 'Sports India'. 2. WHAT IS SPORTS AUTHORITY OF INDIA -an apex National Sports body set up in 1984 by the Ministry of Youth Affairs and Sports of Government of India for the development of sport in India. -On 25 January 1984, "Sports Authority of India" was established as a registered society by the "Department of Sports" of Government of India's Ministry of Youth Affairs and Sports
BANK OF CHINA 1. BEGIN OPERATIONS IN INDIA The Reserve Bank of India (RBI) has issued licence to Bank of China to begin operations in India. -Prime Minister Narendra Modi had made a commitment to Chinese President Xi Jinping to allow Bank of China -on the sidelines of the SCO summit in Chinese city of Qingdao 2. BANK OF CHINA -It was founded in 1912 by the Republican government to replace the Daqing Bank. It is the oldest bank in mainland China still in existence.
ICAI AND SOCPA 1. MOU The Union Cabinet chaired by the Prime Minister Narendra Modi gave its ex- post facto approval for the Memorandum of Understanding (MoU) signed in 2014 and approval for renewal of MoU between the Institute of Chartered Accountants of India (ICAI) and Saudi Organisation for Certified Public Accountants (SOCPA) in Saudi Arabia. 2. ABOUT THE MOU -to work together to develop a mutually beneficial relationship in the best interest of ICAI members, students and their organisations. -ill foster strong working relations between the ICAI and SOCPA, thus giving strong professional opportunities to the Indian Chartered Accountants in India.