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02nd May 2022
NATIONAL NEWS
Haryana school timings changed to 7 am-12
noon from May 4 amid heatwave
short by Deepika
Bhatt / 06:43 pm on 02 May 2022,Monday
The Haryana government has changed the timings of government and private
schools from May 4 (Wednesday) due to scorching heat conditions in the state,
as per an official order. The schools will now open from 7 am to 12 noon, it
said. All district magistrates have been asked to ensure compliance of the
government order.
Maharashtra Cabinet approved first-of-its-kind ‘Maharashtra Gene Bank
Project’
Maharashtra Cabinet approved the ‘Maharashtra Gene Bank’, a first-of-its-kind
project in India. To conserve genetic resources in Maharashtra including marine
diversity, seeds of local crops, and animal diversity. In the next five years, an amount of Rs
172.39 crores will be spent on these seven focus areas. The project will be
implemented by the Maharashtra State Biodiversity Board (MSBB) and will be
overseen by committees under the chief secretary and the principal secretary
(forests). The MSBB will coordinate with
institutions like the National Institute of Oceanography (NIO) Goa to document
and conserve rare and endangered marine species.
Statehood Day 2022 of Maharashtra and Gujarat
Maharashtra and Gujarat celebrated their statehood day on 1st May 2022. On May 1st, 1960, the bilingual state of
Bombay was divided into two separate states by the Bombay Reorganisation Act,
1960: Maharashtra for Marathi speaking people and Gujarat for Gujarati speaking
people.
Gujarat was established as the 15th state of the Indian Union.
Ex-IAS officer Tarun Kapoor appointed
Advisor to PM Narendra Modi
Former Petroleum Secretary Tarun Kapoor has been appointed as the
Advisor to PM Narendra Modi, the government said on Monday. The 1987-batch
retired IAS officer has been appointed for a period of two years from the
joining date, the order said. Hari Ranjan Rao and Atish Chandra have been appointed
as Additional Secretaries in the PM's office.
Odisha to build 1000 bridge-cum-dams to
boost drinking water sources
The Odisha government to build 1000 more bridge-cum-weirs (low dams)
across the state, senior officials said. These low dams, which will be
constructed within three years, will function to boost the state's drinking
water and irrigation sources, officials said. Notably, the state government
have earlier built such structures and their impact was found positive, senior
officials said.
PIL seeks regulation of polygamy by
Muslim men; HC asks Centre's view
Delhi HC on Monday asked the Centre to submit its stand on a Muslim woman's
PIL seeking regulation of polygamy practiced by Muslim men. The PIL sought
polygamy without the present wife's written consent be declared
unconstitutional and illegal. It also sought adequate arrangements for the
existing wife's accommodation and maintenance be made before allowing a man to
practice polygamy.
Vinay Mohan Kwatra assumes charge as India's new Foreign Secretary
Vinay Mohan Kwatra took charge as India's new Foreign Secretary. A 1988-batch
Indian Foreign Service (IFS) officer, Mr Kwatra succeeded Harsh Vardhan
Shringla who retired from service. Mr Kwatra was serving as India's envoy to
Nepal before assuming the charge of the Foreign Secretary. A career diplomat with over 32 years of
experience, Mr. Kwatra has also held the position of a Joint Secretary in the
Prime Minister's Office (PMO) for two years between October 2015 and August
2017. Mr Kwatra is known to have
extensive expertise in dealing with India's neighbourhood as well as the U.S.,
China and Europe. He has taken charge as the Foreign Secretary at a time when
India is dealing with various geopolitical developments including the Ukraine
conflict, the severe economic crisis in Sri Lanka and situation in Afghanistan
and developments in the Indo-Pacific.
Lt Gen BS Raju appointed as Vice Chief of Indian Army
The Indian Army’s Director General of Military Operations, Lieutenant General
Baggavalli Somashekar Raju has been appointed as the Vice Chief of the Army
Staff from May 1. He was an alumnus of
Sainik School Bijapur and National Defence Academy and commissioned in the Jat
Regiment on December 15, 1984. He had commanded a battalion during Operation
Parakram in the Western Theatre and J&K. He has been awarded the Uttam Yudh
Seva Medal, Ati Vishisht Seva Medal, and Yudh Seva Medal. Before taking over the new role, Lt General
BS Raju was serving as the Director-General of Military Operations during the
standoff on the LAC, the de facto border between India and China. The two
countries have been locked in a standoff since June 2020 when both sides lost
several troops.
Former Amazon Music CEO Sahas Malhotra joins JioSaavn as CEO
JioSaavn has named Sahas Malhotra, a former Amazon Music director and
entertainment industry expert, as its new CEO.
Previously, Sahas Malhotra worked for Sony Music India and Tips
Industries. Sahas Malhotra was the business leader at Tips Music and the
marketing director for Tips Film Production at Tips Industries. From the JioSaavn company's Mumbai
headquarters, Sahas Malhotra will manage the company's efforts in the rapidly
changing and fascinating Indian market. Sahas
Malhotra has more than 24 years of experience in the entertainment sector,
including team development, film marketing, music P&L management,
licensing, media planning, music publishing, and product management, according
to JioSaavn.
Agreements News
To upgrade railway telecommunications, Railway Ministry signs an
agreement with the C-DOT
The Ministry of Railways and the Centre for Development of Telematics (C-DOT)
signed a memorandum of understanding (MoU) to form a strong collaborative
working partnership for coordination and resource sharing in the provision of
telecommunication facilities in the delivery and implementation of C-Telecom
DOT's Solutions and services in railways.
This MoU will allow C-DOT and the Ministry of Railways to collaborate on
telecommunications modernization in Indian Railways for Public Safety and
Security Services using Long Term Evolution (LTE-R) for Railways in accordance
with world standards, 5G Use Cases in Indian Railways in accordance with Make
in India policy, Internet of Things, Unified Network Management System, Network
Management System, Video Conference software, Chatting application, Routers and
Switches.
Qualcomm India has teamed up with MeiTY's C-DAC to assist Indian chipset
startups
Qualcomm India Private Limited, a subsidiary of Qualcomm Inc., proposes to
launch and run the Qualcomm Semiconductor Mentorship Program 2022 for selected
semiconductor startups in India, with the goal of providing mentorship,
technical training, and industry outreach.
Qualcomm India has established a partnership with the C-DAC, an autonomous
scientific society within the Ministry of Electronics and Information
Technology of the Government of India, which will serve as an outreach partner
for the programme and help participating entrepreneurs gain exposure. Qualcomm India would support technological
breakthroughs as well as intellectual-property-driven innovation and product
development in the Indian ecosystem. It
will aid in the reduction of innovation risks, the acceleration of company
development, and the development of soft skills and knowledge bases among
Indian semiconductor design companies. It
will provide chosen startups with access to domain experts, venture
capitalists, accelerators, incubators, industry groups, and significant
corporations that can assist them in scaling up their businesses. Qualcomm India will provide platforms and
forums to allow high-growth-potential small businesses and startups to
collaborate on potentially disruptive technologies that could shape or develop
semiconductor supply chains in the future.
Defence News
Indian Army Red Shield Division signs MoU for 'Manipur Super 50'
Red Shield Division of the Indian Army under the aegis of Spear Corps entered
into a tripartite agreement with the State Bank of India Foundation (SBIF) and
the National Integrity and Educational Development Organization (NIEDO) to
establish ‘Red Shield Centre for Excellence and Wellness’ in Manipur’s
Bishnupur district. The project ‘Manipur
Super 50’ is expected to be fully functional for the first batch of 50 students
by the first week of July 2022. This initiative will be able to create a
feeling of mental and social well-being amongst parents and their children by
providing quality education thus catering for a better life and evolving
responsible citizens for our country. The
centre which will be opened in Bishnupur Battalion will remain as instrumental
in bringing a progressive and inclusive society. The MoU signing ceremony was also attended by
GOC Red Shield Division, state DGP and a host of senior veterans, and military
and civil dignitaries. More than 100 students from various schools witnessed
the MoU signing.
INTERNATIONAL
Japan, Thailand sign defence deal during PM
Kishida's visit
During a visit to Thailand, Japanese PM Fumio Kishida and his Thai
counterpart Prayut Chan-o-cha signed a defence agreement on Monday. The
agreement would facilitate the transfer of defence hardware and technology from
Japan to Thailand, according to Reuters. The deal was signed as Kishida wrapped
up the last leg of a three-nation tour of Southeast Asia.
Putin to undergo cancer surgery, ex-spy
chief to 'take control' of Russia: Reports
Russian President Vladimir Putin will reportedly undergo surgery for
cancer and has nominated former KGB counterintelligence officer Nikolai
Patrushev to "take control" of Russia while he is incapacitated. The
surgery had been scheduled for the second half of April but was delayed,
reports said. Patrushev, 70, is regarded as a key architect of the Ukrainian
war strategy.
Banking, Business and Economy News
UPI hits record high transactions worth
₹9.83 lakh crore in April
Unified Payments Interface (UPI) recorded 5.58 billion transactions in
April 2022, a new all-time high for the payments platform since its launch in
2016, NPCI data revealed. In value terms, UPI saw transactions worth ₹9.83 lakh
crore in April. This is a 3.3% jump in volume of transactions from March 2022
and a rise of 111% on a year-on-year basis.
LIC IPO anchor book oversubscribed; gets
bids of over ₹7,000 cr
The anchor investor portion of LIC initial public offering (IPO) was
oversubscribed on Monday, the first day of subscription. Reports said the
portion received bids in excess of ₹7,000 crore against the offer of ₹5,630
crore for anchor investors out of a total offer size of ₹21,000 crore.
Investors likely to have bid include Norges Bank and GIC among others.
Delhivery IPO likely to open on May 11, firm
to raise ₹5,235 cr: Report
The initial public offering (IPO) of logistics startup Delhivery is
likely to open for subscription on May 11 and close on May 13, Moneycontrol
reported citing senior bankers. The Gurugram-based startup now plans to raise
₹5,235 crore through the IPO, down from the ₹7,460 crore planned earlier,
Moneycontrol added. The offer will reportedly comprise a fresh issue of ₹4,000
crore.
ICICI Bank launched India’s ‘open-for-all’ digital ecosystem for MSMEs
ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital
ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country,
which can also be used by the customers of other banks. Anyone can use the benefits of digital
solutions on the InstaBIZ app. MSMEs customers of other banks can avail of a host
of services by logging in as a ‘Guest’ in the app. It provides sanctions of
instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD
Plus’. The benefits of the new digital
ecosystem can be availed by downloading the latest version of the InstaBIZ app,
a super app for businesses. The app is available on Google Play, Apple App
Store and at the bank’s Corporate Internet Banking (CIB) platform. The
ecosystem offers the facility of digital and instant current account opening
through video KYC.
Union Bank becomes first public sector bank to go live on Account
Aggregator framework
Union Bank of India became the first public sector bank to go live on the
Account Aggregator (AA) ecosystem. The framework facilitates sharing of
financial information on a real-time basis between regulated entities. AAs are licensed by the Reserve Bank of India
to enable the flow of data between Financial Information Providers (FIPs) and
Financial Information Users (FIUs). The
Account Aggregator Ecosystem helps the Lenders to leverage Digital data
acquired with the consent of the Customers for providing them with a seamless
journey and eliminating the need of physical documentation. Financial
Information User (FIU) can request data from the Financial Information User
(FIP) based on a simple consent given by the Customer on their Account
Aggregator handle.
RBI changes the rules for banks participating in KCC's short-term
agricultural loan plan
The Reserve Bank of India (RBI) changed the rules for banks to claim the amount
of interest subsidies paid to farmers under the short-term crop credit plan via
the Kisan Credit Card (KCC) during the previous fiscal year. The Reserve Bank of India (RBI) announced in
a circular that pending claims for the fiscal year 2021-22 can be submitted by
June 30, 2023, and that they must be duly certified by statutory auditors
"as true and correct." The
government grants banks a 2% annual interest subsidy in order to assist farmers
with short-term crop loans of up to Rs 3 lakh at a 7% annual interest rate. Farmers
that repay their loans on time will receive an additional 3% interest subsidy.
The effective interest rate for these farmers is 4%. Banks must submit their claims on an annual
basis, duly certified by their statutory auditors as true and correct, within a
quarter of the year's end, according to the circular on 'Modified Interest
Subvention Scheme for Short Term Loans for Agriculture and Allied Activities
availed through Kisan Credit Card (KCC)' during 2021-22.
RBI: India among worst-hit in pandemic, economy will recover in 13 years
The Reserve Bank of India (RBI) in its latest report said India was one of the
worst-hit nations during the Covid-19 pandemic and that it will take up to 13
years for India to fully recover from the scars of the Covid-19 pandemic. India suffered among the biggest pandemic
induced losses in the world in terms of output, lives and livelihoods, which
may take years to recover. Economic activity has barely recovered to pre-COVID
levels even after two years. The
pre-COVID trend growth rate works out to 6.6 per cent (CAGR for 2012-13 to
2019-20) and excluding the slowdown years it works out to 7.1 per cent (CAGR
for 2012-13 to 2016-17). Taking the
actual growth rate of (-) 6.6 per cent for 2020-21, 8.9 per cent for 2021-22
and assuming a growth rate of 7.2 per cent for 2022-23, and 7.5 per cent beyond
that, India is expected to overcome COVID-19 losses in 2034-35.
Rajiv Ranjan replaces Mridul Saggar as MPC
ex-officio member
The Board of Reserve Bank of India (RBI) on Monday approved the
nomination of Executive Director Rajiv Ranjan as an ex-officio member of the
monetary policy committee (MPC). Ranjan will replace Mridul Saggar, who is
reportedly to retire by end of April. As per his LinkedIn profile, Ranjan was
recently the head of the Department of Economic and Policy Research.
Govt warns Google Chrome users of high-level
threat, asks users to update browser
The government's Indian Computer Emergency Response Team (CERT-In)
highlighted multiple vulnerabilities in Google Chrome for Desktop in a
'high-severity' warning. Google Chrome's version prior to 101.0.4951.41 is
affected. Vulnerabilities allow a remote attacker to execute arbitrary code,
obtain sensitive information and bypass security restrictions. CERT-In
requested users to update the browser.
Google makes $100,000-online courses free to
every US business
Google announced on Monday that it will provide any US business over
$100,000 worth of online courses in data analytics, design and other tech
skills for their workers free of charge. The offer marks an expansion of
Google's Career Certificates, which was launched in 2018. As per Google,
205,000 people globally have earned at least one certificate through the
program.
Under Airtel Startup Accelerator Program, Bharti Airtel purchase 7% equity
in Cnergee Technologies
Bharti Airtel, India's second-largest telecom operator, announced that the
Airtel Startup Accelerator Program has acquired a 7% investment in cloud-based
networking solutions firm Cnergee Technologies. Cnergee, situated in Navi
Mumbai, specialises in cloud-based comprehensive networking solutions for
enterprises of all kinds. The telco
purchased the interest at a pre-money enterprise valuation that was mutually
agreed upon, but the figure was not disclosed due to confidentiality concerns. Airtel said in a statement that the stake
purchase will allow it to strengthen its NaaS offering for Small and Medium
Businesses (SMBs) aiming to speed their transition to cloud-based applications. The Navi Mumbai-based business has created a
set of 5G-ready software tools for Network-as-a-Service (NaaS) that can be
scaled up to enable zero-touch service provisioning, central remote monitoring,
and management of all connected devices, as well as a variety of real-time
analytics. Through its integrated
portfolio of connectivity, conferencing, cloud & data centres, cyber
security, IoT, Ad-tech, and other services, Airtel Business serves over one
million enterprises of all sizes.
Summits and Conferences News
In Bengaluru, Prime Minister Modi introduced the Semicon India Conference
2022
The Semicon India Conference-2022 will be inaugurated by Prime Minister
Narendra Modi. Bengaluru will host this three-day conference. According to a Ministry of Electronics and
Information Technology (MeitY) statement, the three-day conference is being
held to advance Prime Minister Narendra Modi's objective of making India a
leader in electronics manufacturing, semiconductor design, production, and
innovation. The conference is intended
to serve as a springboard for the country's aspiration to become a worldwide
semiconductor hub and to develop the chip design and manufacturing ecosystem. This conference will feature eminent
specialists from industry associations, research organisations, and academia.
Sports News
19-yr-old Priya beats Olympian Dutee in 200m
at Khelo India University Games
Priya Mohan, representing Jain University, defeated Olympian and
two-time Asian Games silver medallist Dutee Chand to win a gold medal in the
women's 200 metres event at Khelo India University Games 2021 in Bengaluru on
Monday. The 19-year-old clocked 23.90 seconds, while Dutee finished the race in
24.02 seconds. Earlier on Sunday, Priya won a gold in 400 metres.
PV Sindhu won bronze at Asian Badminton Championships
In Asia Badminton Championships, India’s P.V. Sindhu won her second Asian
bronze medal after a heartbreaking three-game loss to top-seed and defending
champion Akane Yamaguchi of Japan in the semifinal in Manila. She had won her first bronze in the Asia
Badminton Championships 2014 Gimcheon edition. Sindhu has assured a medal in
the championship when she defeated He Big Jiao of China by 21-9,13-21 and 21-19
in the quarterfinal. She has won silver in 2016 Rio de Janeiro, and bronze in
2020 Tokyo.
Important Days
World Laughter Day 2022 celebrates on 1st May
World Laughter Day is celebrated on the first Sunday of every May to remind
people to laugh and make those around them laugh. This year the day is
celebrated on 1st May. It has been scientifically observed that laughter tends
to decrease the cortisol level in the brain, which subsequently, affects
positively on the body. Laughter has
utmost importance when it comes to lifting the mood or tweaking the train of
thought that is not heading in the right direction. World Laughter Day was
first celebrated in Mumbai in 1998 when Dr Madan Kataria, founder of the
Laughter Yoga Movement, highlighted a theory through that movement. He hypothesised that facial movements could
reflect the mental state of a person. And so, slowly and gradually, parks and
fields in the morning started filling up with roars of laughter. And this is
how, with the advent of Laughter Yoga, was born the World Laughter Day.
World Tuna Day observed 2022 On 2nd May
World Tuna Day is observed globally on 2nd May every year. This day is
established by the United Nations (UN) to raise awareness about the importance
of tuna fish. Tuna is a significant source of food for humans as the fish has
several rich qualities such as Omega 3, Vitamin B12, proteins and other
minerals. In the year 2016, the General
Assembly of the UN declared May 2 as World Tuna Day to spread awareness among
people regarding the importance of conserving Tuna fish. In the past few years,
the population of Tuna fish has declined by more than 97 per cent due to
overfishing and Illegal fishing. So to save Tuna from getting extinct, the UN
announced a special day and appeal to people to conserve Tuna.
International Labour Day 2022 observed globally on 1st May
International Labour Day is observed globally on 1st May every year. It is also
known as International Worker’s Day and May Day. The day is celebrated to
spread awareness about Labour's rights and mark their achievements. The day aims to pay tribute to workers'
sacrifices in achieving economic and social rights all over the world. In India, the first Labour Day or May Day was
celebrated in Madras (now known as Chennai) by the Labour Kisan
Party of Hindustan on May 1, 1923. It was also the first time when the Red
Flag which symbolises Labour Day was used in India for the first time. In
Hindi, Labour Day is also known as Kamgar Din or Antarrashtriya Shramik Diwas,
Kamgar Divas in Marathi and Uzhaipalar Naal in Tamil.
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