• Sher Bahadur Deuba (75 years) has been sworn in as Prime Minister of Nepal for the 5th time
• He has been administered the oath of office by President of Nepal Bidya Devi Bhandari.
• He has been appointed Prime Minister under Article 76(5) of the Constitution, which makes it mandatory for him to secure a vote of confidence in the House within 30 days of taking oath.
• He succeeded K P Sharma Oli.

• Industrialist N.S. Srinivasa Murthy based in Bengaluru has been appointed as Honorary Consul General of Vietnam for Karnataka.
• He is the first honorary consul general of Vietnam from India and the 19th across the world.
• He is the owner and Managing partner of N. K. Subbiah Setty & Sons
• He is appointed for a period of three years to promote trade, economics, investment, tourism, educational and cultural cooperation between Vietnam and the State of Karnataka.

• Nepal has signed a USD 1.3 billion deal with India, to develop a 679-megawatt Lower Arun Hydropower project, located between Sankhuwasabha and Bhojpur districts in eastern Nepal.
• As per the deal, India’s state-owned Satluj Jal Vidyut Nigam (SJVN), will develop the 679-megawatt hydropower project in the neighbouring Himalayan nation.
• This will be the second mega project undertaken by India in Nepal, after the USD 1.04 billion 900-MW Arun-3 hydroelectric project.
• The project will be developed under the build, own, operate and transfer (BOOT) model.
• This 679 MW Hydropower project is the single largest foreign investment project in the country, based on the 2017 cost estimates.

• NTPC Renewable Energy will set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat under Mode 8 (Ultra Mega Renewable Energy Power Park) of Solar Park Scheme.
• This will be India’s largest solar park to be built by the largest power producer of the country.
• NTPC REL has plans to generate green hydrogen on a commercial scale from this park.
• India’s largest energy integrated company aims to build 60 GW Renewable Energy Capacity by 2032.

• Finance Minister, Nirmala Sitharaman along with Finance Minister of Bhutan, Lyonpo Namgay Tshering has jointly launched BHIM–UPI in Bhutan.
• With launch of BHIM-UPI in Bhutan, payment infrastructures of the two countries are seamlessly connected and will benefit tourists.
• Bhutan is the first country to adopt UPI standards for its QR deployment, and the first country in our immediate neighbourhood to accept mobile based payments through the BHIM App.

• Vice President, Venkaiah Naidu has received the book titled as 'Urdu Poets and Writers - Gems of Deccan'.
• It is authored by senior journalist, J.S. Ifthekhar.
• The book is an anthology of prose and poetry that encapsulates the life and works of 51 outstanding poets and writers of the Deccan region.
• The book traces the rich literary and cultural traditions of Deccan, right from the time of Muhammad Quli Qutb Shah, the founder of Hyderabad, to the present times.

• International Financial Services Centres Authority (IFSCA) has issued framework for Setting up and operating International Trade Finance Services Platform (ITFS).
• It will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms.
• This will help in their ability to convert their trade receivables into liquid funds and to obtain short-term funding.
• ITFS will provide Trade Finance Services at IFSC.

• Former Indian middle-order batsman Yashpal Sharma (66 years) passed away after suffering a cardiac arrest in New Delhi.
• He was also a member of the Kapil Dev-led World Cup-winning team.
• He had got India off to a brilliant start in the 1983 World Cup as he scored a match-winning 89 against the West Indies in what was India’s first match of the showpiece event.
• He scored 1606 runs at 33.45 in Test career and scored 883 runs at 28.48 in ODIs.

Download Daily GK PDF of 14 July 2021