Today in History (July 9^th, 1875)

Asia’s first stock exchange, the Bombay Stock Exchange, was established on July 9, 1875. Since then, the stock exchange has been key in developing the Indian capital market.

Let’s revise

A) Who is the newly elected president of Islamic republic of Iran?

1. Pezeskian
2. Mohammed Khatami
3. Hassan Rouhani
4. Ali Khameini

Ans. (1)

B) What is the current issue in Iranian society?

1. Demands for rights of women
2. Demand to dethrone the supreme leader
3. Demand to remove newly elected president
4. Demand to severe relations with India

Ans. (1)

C) FSSAI was established in which year?

1. 2015
2. 2009
3. 2006
4. 2021

Ans. (3)

D) The headquarters of FSSAI is located in _____

1. Kolkata
2. Mumbai
3. Delhi
4. Dehradun

Ans. (3)

E) Which country is the latest member of NATO?

1. Sweden
2. Canada
3. USA
4. Japan

Ans. (1)

F) Which ministry in the Government of India is primarily responsible for preparing the Union Budget?

1. Ministry of Home Affairs
2. Ministry of Finance
3. Ministry of Commerce and Industry
4. Ministry of External Affairs

Ans. (2)

G) Under which Article of the Indian Constitution is the annual financial statement (budget) presented to the Parliament?

1. Article 110
2. Article 112
3. Article 115
4. Article 117

Ans. (2)

H) Which constitutional authority is responsible for overseeing the appropriation of funds from the Consolidated Fund of India?

1. The Prime Minister
2. The President
3. The Finance Minister
4. The Comptroller and Auditor General (CAG)

Ans. (4)

I) Which parliamentary committee examines the annual financial statement to ensure that grants are being used as intended?

1. Public Accounts Committee
2. Estimates Committee
3. Committee on Public Undertakings
4. Finance Committee

Ans. (1)

Summary of Today’s News

Ambush on Indian Army led to loss of 5 soldiers.

• The recent ambush on an Army convoy in Kathua district, Jammu and Kashmir, resulted in the tragic death of five soldiers and injuries to six others. This attack, carried out by an unknown number of militants, targeted the convoy from two directions using gunfire and grenades. The ambush occurred in a geographically challenging area near Badnota village, making it difficult for the Army to respond quickly.
• Reinforcements, including paratroopers, were deployed to prevent the militants from escaping. The attack’s timing, coinciding with the death anniversary of Hizbul Mujahideen commander Burhan Wani and shortly after a visit from the Chief of Army Staff, underscores the persistent security challenges in the region. This incident marks the fourth militancy-related event in Jammu and Kashmir within 48 hours, highlighting an alarming spike in militant activities.

Attack by Russian forces in Ukraine killed multiple peoples

• A recent Russian missile attack on Ukraine has resulted in a devastating toll, with at least 31 people killed and over 150 injured.
• Among the targeted sites was a children’s hospital in Kyiv, where rescue workers are still searching through the rubble for casualties. The barrage of more than 40 missiles hit five Ukrainian cities, including a significant strike on Kryvyi Rih that left 10 dead and 37 injured.
• The attack’s timing is notable, occurring just before a NATO summit in Washington aimed at reaffirming support for Ukraine amid the ongoing conflict.
• The destruction of the children’s hospital, with its partially collapsed wing and significant damage, underscores the severe impact on civilian infrastructure and the ongoing humanitarian crisis.

Modi’s visit to Russia will have discussions on multiple subjects

• Prime Minister Narendra Modi, during his visit to Moscow for the 22nd India-Russia Summit, is expected to advocate for a peaceful resolution to the Russia-Ukraine war, emphasizing that the solution will not be “found on the battlefield.” His discussions with Russian President Vladimir Putin are set to focus on economic issues, bilateral ties, and the situation of Indians misled into joining the Russian military.
• The summit, marking the first annual meeting in three years and Mr. Modi’s first bilateral visit abroad since his re-election, underscores the significance of Indo-Russian relations. Several agreements, including those on energy, trade, and investments in Russia’s Far East, are anticipated, alongside discussions on establishing new Indian consulates in Russia.
• While no new military agreements are expected, the talks aim to reinforce long-term commitments and collaborative efforts between the two nations. This visit coincides with a NATO summit addressing the Ukraine conflict, highlighting India’s strategic diplomatic engagement amidst global geopolitical shifts.