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Daily Current Affairs
United Kingdom (U.K) inflation will rise to a new 40-year high in July 2022 by what percentage?
A)
10.9%
B)
10.6%
C)
10.4%
D)
10.1%

Correct Answer :   10.1%

U.K. inflation rose to another 40-year high in July as spiraling food and energy prices continued to intensify the country’s historic squeeze on households.
 
The consumer price index rose 10.1% annually, according to estimates published by the Office for National Statistics on Wednesday(17th August 2022), above a Reuters consensus forecast of 9.8% and up from 9.4% in June.
 
Core inflation, which excludes energy, food, alcohol and tobacco, came in at 6.2% in the year to July 2022, rising from 5.8% in June and ahead of projections of 5.9%.
 
British 2-year Gilt yields surged on Wednesday morning after the release, adding more than 26 basis points to reach 2.41%, their highest point since November 2008.
 
Rising food prices made the largest upward contribution to annual inflation rates between June and July, the ONS said in its report.
 
Key Points : 
* The consumer price index rose 10.1% annually, according to estimates published by the Office for National Statistics on Wednesday, above a consensus forecast of 9.8% and up from 9.4% in June.
 
* Rising food prices made the largest upward contribution to annual inflation rates between June and July, the ONS said in its report.
 
* The Bank of England expects inflation to top out at 13.3% in October.

Source : cnbc
 

Published On : August 19, 2022
Recently Updated Current Affairs
Q .
On which date is International Labour Day celebrated every year?
A)
May 1st
B)
May 2nd
C)
May 3rd
D)
May 4th

Correct Answer : Option (A) - May 1st

International Labour Day, also known as May Day or Workers’ Day, is celebrated on Wednesday, May 1st, 2024. This annual observance honours the contributions and achievements of workers worldwide and promotes their rights and opportunities.

The origins of Labor Day can be traced back to the late 19th century when trade unions and socialist groups designated May 1st as a day to support workers’ demands for better working conditions, fair wages, and shorter working hours.

The pivotal moment in labour history occurred on May 1st, 1886, in the United States, when labour unions initiated a strike advocating for an eight-hour workday. The strike culminated in the tragic events of Haymarket Square in Chicago on May 4th, 1886, where a peaceful rally turned violent, resulting in casualties among civilians and police officers.

Theme for International Labour Day 2024 :

Every year, the theme is announced by international labour organisations like the International Labour Organization (ILO). This year, the focus is on ensuring safety and health at work in a changing climate.

Significance and Celebrations :

Labour Day is celebrated with various events and festivities worldwide, including parades, marches, speeches, and cultural performances. These celebrations serve to honor the contributions of workers and the labour movement, and in many countries, it is observed as a national public holiday.

Published On : May 1, 2024
Q .
Which Company New Offline QR Code 'Scan & Pay' Service Revolutionizes Payment Landscape?
A)
Paytm
B)
Cred
C)
PhonePe
D)
BharatPe

Correct Answer : Option (B) - Cred

Fintech company 'Cred' has launched a UPI-based ‘Scan and Pay’ service that enables members to use any QR code for payments directly from their bank accounts.

The launch move marks Cred's foray into the offline payments space dominated by PhonePe, Google Pay, and Paytm.

Cred has been pushing its UPI (Unified Payments Interface) payments feature aggressively. The company said the feature will be convenient to make offline retail payments at large format stores. Such stores comprise supermarkets, fast-food joints, beauty salons, fashion boutiques, and various lifestyle retailers. The focus is on merchants with substantial average transaction amounts and whose patrons predominantly opt for credit card payments, it said.

Regardless of the payment method used, Cred will offer users rewards for each transaction. Users may deduct these benefits from their credit card expenses.

Published On : May 1, 2024
Q .
Maharashtra Foundation Day (or) Maharashtra Divas is celebrated every year on?
A)
April 29th
B)
April 30th
C)
May 1st
D)
May 2nd

Correct Answer : Option (C) - May 1st

Maharashtra Day, also known as Maharashtra Divas, is celebrated every year on May 1st to commemorate the formation of the state in 1960. Maharashtra was carved out of the Bombay Presidency and declared a separate state on this historic day. Present-day Gujarat constitutes the other part of the former Bombay state. The division was a result of the States Reorganisation Act of 1956, which aimed to reorganize states based on linguistic boundaries, following massive protests for linguistic states.

Maharashtra Diwas 2024 – Date :

Maharashtra Day, also known as Maharashtra Diwas, is celebrated annually on May 1st, marking the formation of the state of Maharashtra in 1960. This date holds immense importance for the Marathi people, serving as a reminder of their unity, resilience, and cultural heritage.

Maharashtra Foundation Day 2024 – History :

May 1st carries a dual significance as it is also celebrated as International Labour Day worldwide and Gujarat Day in India. The historical backdrop of Maharashtra’s formation is rooted in the linguistic reorganization of states following India’s independence. Bombay, comprising Marathi, Gujarati, Konkani, and Kutchi speakers, faced challenges due to linguistic disparities, leading to agitation for statehood based on linguistic lines.

The State Recognition Act of 1956 acknowledged Bombay as a multilingual state. However, the linguistic diversity caused disturbances and complexities. Movements like the Samyukta Maharashtra Movement and the Mahagujarat Movement emerged, demanding the division of Bombay into separate states for Marathi and Gujarati speakers. These movements culminated in the formation of Maharashtra and Gujarat on May 1, 1960.

Published On : May 1, 2024
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