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Daily Current Affairs Updates - July 16, 2019

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Here's the Current Affairs for July 16th, 2019 which would be beneficial for the upcoming exams like SSC, SBI, IBPS, RRB, RBI, LIC, etc.


  • The Reserve Bank of  India (RBI) has levied a penalty of Rs. 7 crore on The State Bank of India for non-compliance with the directions issued by the RBI on Income Recognition and Asset Classification (IRAC) norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and fraud risk management and classification and reporting of frauds.

  • RBI also levied a penalty of Rs. 10 lakh on Union Bank for non-compliance with the directions on the cybersecurity framework in bank issued by RBI.

  • The trade deficit of India declined by nearly 8% to $15.28 billion during last month as against $16.6 billion in June 2018.

  • Amendments to the Motor Vehicle (MV) Act and Surrogacy Regulation Bill were re-introduced in the Lok Sabha on Monday.

  • India's export declined 9.71% to $25.01 billion in June. India's imports also declined 9% to $40.29 billion in June.

  • The Wholesale Price Index (WPI) declined to 2.02% in June. Inflation in food articles eased to 6.98%.

  • China's GDP growth slowed to 6.2% in the second quarter, slowest in the last 27 years.

Source- The Hindu
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