National News
PM Dhan-Dhaanya Krishi Yojana Launched
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36 central government schemes merged into one.
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Aims to enhance agricultural productivity and sustainability.
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Annual outlay of ₹24,000 crore for six years.
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Targets 1.7 crore farmers.
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Focuses on 100 underperforming districts.
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Emphasizes post-harvest infrastructure and irrigation efficiency.
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Promotes organic farming and crop diversification.
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Strengthens credit access for farmers.
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Shifts from subsidy-driven aid to a value-chain support model.
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Supports Atmanirbhar Bharat and doubling farmer incomes.
PM Modi Inaugurates Infrastructure Projects in Bihar
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Projects worth ₹7,200 crore launched in Motihari.
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Aims to accelerate Bihar’s transformation.
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Part of the broader Viksit Bharat Mission.
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Focus on urban renewal, connectivity, and housing development.
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Three lakh pucca houses delivered in Motihari.
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Aligns Bihar with the Viksit Bharat 2047 vision.
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Aims for equitable urban development.
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Expected to create local employment.
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Improve urban living standards and infrastructure resilience.
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Strengthens Bihar’s role in India’s development.
NSCSTI 2.0 Framework Launched
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Union Minister Dr. Jitendra Singh launched the framework.
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Aims to upgrade civil services training in India.
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Developed by the Capacity Building Commission (CBC).
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Standardizes and elevates training quality across CSTIs.
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Evaluation metrics reduced from 59 to 43.
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Incorporates hybrid learning and AI tools.
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Aligns with Karmayogi Competency Model (KCM).
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Adaptable to Central, State, and Urban Local Body institutes.
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Encourages public-private synergy.
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Aims to build a future-ready, citizen-centric civil service.
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State News
BMRCL Appoints New MD
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Dr. J Ravishankar appointed as new MD of BMRCL.
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Replaces Maheshwar Rao.
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Change comes amid public outcry over fare hikes.
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Yellow Line launch in Bengaluru’s metro network pending.
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BMRCL oversees 77 km of operational metro lines.
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Phase 2 includes Yellow, Pink, and Blue Lines.
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Phase 3 approved in August 2024.
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Entire network to expand to 220.2 km by 2029.
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Expected to streamline operations.
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Strengthen last-mile connectivity.
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Banking News
Historical Evolution of Indian Banks
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India’s banking sector transformed by nationalization and mergers.
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Government began nationalizing banks from late 1960s.
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First nationalization phase in 1969 covered 14 banks.
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Second nationalization phase in 1980 covered 6 banks.
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RBI nationalized in 1949, becoming central bank.
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Imperial Bank of India became SBI in 1955.
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7 SBI associate banks brought under state ownership in 1960.
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Nationalization aimed to make banking accessible to public.
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Also aimed to direct credit to neglected sectors like agriculture.
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Led to rapid expansion of banking in rural areas.
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Appointments
Dr. J Ravishankar Appointed BMRCL MD
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Dr. J Ravishankar is a 2001-batch IAS officer.
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Holds a degree in Dental Surgery.
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Previously served as Secretary in Agriculture and Housing.
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Also served as Excise Commissioner.
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Was Special Commissioner at BBMP.
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Served as Commissioner of Karnataka Housing Board.
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Brings diverse administrative experience to the role.
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Economy News
PM Dhan-Dhaanya Krishi Yojana Economic Impact
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Annual outlay of ₹24,000 crore for six years.
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Aims to impact 1.7 crore farmers.
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Shifts to a value-chain support model.
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Promotes climate-resilient farming.
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Supports national goals of Atmanirbhar Bharat.
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Aims for doubling farmer incomes.
Bihar Infrastructure Projects Economic Impact
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₹7,200 crore investment across various sectors.
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Expected to create local employment.
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Improve urban living standards.
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Enhance infrastructure resilience.
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Supports regional equity and growth.
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Important Days
Nationalization of Banks Anniversary
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July 19, 1969, marks the date of the first wave of bank nationalization in India.
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14 major private banks were nationalized on this date.
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This move aimed to align banking with socialist and developmental goals.
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Significance of the day for financial inclusion and public confidence in banks.
SOURCE-CURRENTAFFAIRSADDA