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30th May 2022
National News
Made my own notes from newspapers: Civil services
topper on preparing for exam
Shruti Sharma, who topped the UPSC Civil Services 2021, revealed her
strategy for preparing for the prestigious exam. She said she made her own
notes from newspapers and focussed on "answer writing practice for better
presentation". The JNU alumna, who scored 340 out of 400 marks, said UP
cadre is her first preference.
Who is Shruti Sharma, JNU alumna who topped UPSC
Civil Services 2021 exam?
Shruti Sharma from Uttar Pradesh's Bishnoi secured All India Rank 1 in
the UPSC Civil Services 2021 exam. Sharma graduated from St Stephen's College
of Delhi University and then got her postgraduate degree from Jawaharlal Nehru
University (JNU) in Delhi. The history student prepared for UPSC at Jamia
Millia Islamia Residential Coaching Academy.
Punjab govt to set up judicial commission to probe
Sidhu Moosewala’s killing
short by Ria Kapoor / 03:42 pm on 30 May
2022,MondayPunjab Chief Minister Bhagwant Mann has announced
to set up judicial commission under the sitting judge of Punjab and Haryana
High Court to investigate the killing of Punjabi singer Sidhu Moosewala.
Moosewala was shot dead in Punjab's Mansa on Sunday. The singer's father had
earlier written to CM Mann saying that his son left forever due to the
government's failures.
Delhi minister Satyendar Jain arrested by ED in
alleged money laundering case
Delhi Health Minister Satyendar Jain was on Monday arrested by the
Enforcement Directorate (ED) in a money laundering case, officials said. The
case pertains to hawala transactions related to a Kolkata-based company, the
officials added. The agency had in April attached properties worth ₹4.81 crore
linked to Jain, in connection with a money laundering case.
North India's first Industrial Biotech Park inaugurated at Kathua in
J&K
Jammu and Kashmir (J&K) Lieutenant Governor, Manoj Sinha and Union minister
Jitendra Singh inaugurated the north India's first Industrial Biotech Park
constructed at Ghatti near Kathua
The Industrial Biotech Park at Kathua will transform the economy and enable
scientists to tackle the challenges of climate change. The enabling infrastructure
will fuel a new wave of innovation and impact various sectors, from health and
agriculture to cosmetics and materials. With
new biotech capabilities and innovation, J&K, bestowed with more than 3500
medicinal plant species, will be able to harness market advantages in the most
effective way and help the farmers to generate more income, asserted the Lt
Governor. The new Industrial Development
Scheme has enabled J&K to fetch investment of more than Rs 38,800 crore as
of date, which also includes proposals of 338 industrial units associated with
the biotech sector in some way or the other.
The Biotech Park would act as the hub for the incubation of new ideas
and will act as a robust platform to support the agri-entrepreneurs, startups,
progressive farmers, scientists, scholars and students not only from Jammu and
Kashmir and Ladakh but also from nearby states of Punjab, Haryana and Himachal
Pradesh
.
Ease of living: Common platform called Jan Samarth to be launched
soon
The government intends to launch Jan Samarth, a unified platform for the
delivery of multiple initiatives administered by several ministries and
departments, in order to make life easier for the average man. The new portal will initially enrol 15
credit-linked government initiatives, as part of the Narendra Modi government's
objective of minimum government maximal governance. They noted that because some of the Centrally
Sponsored Schemes include various agencies, the services will be gradually
increased based on compatibility. Different
ministries, for example, run initiatives like the Pradhan Mantri Awas Yojana
and the Credit Linked Capital Subsidy Scheme (CLCSS). The proposed portal aims to put various
schemes together on a single platform so that beneficiaries can access them
easily. State Bank of India and other lenders are doing pilot testing and tying
up loose ends before the official launch, according to the statement. Because of the portal's open architecture,
state governments and other organisations will be able to add their plans to
the platform in the future. To make it
easier for borrowers, the government developed a platform in 2018 that offered
a variety of credit products, including MSME, home, auto, and personal loans. Various state-owned banks can now approve
loans for MSMEs and other borrowers in principle in 59 minutes, compared to the
previous turnaround time of 20-25 days.
Geological Survey of India: Bihar has India’s largest gold reserves
A survey by the Geological Survey of India has stated that a gold reserve of
around 222.88 million tonnes including 27.6 tonnes of mineral-rich ore are
present in the Jamui district of Bihar. The
Nitish Kumar government in Bihar has now decided to give permission for the
exploration of what is being called as India’s largest gold reserve. The State Mines and Geology Department is in
consultation with agencies engaged in the exploration, including GSI and the
National Mineral Development Corporation (NMDC), for the exploration of gold
reserves in Jamui. The top official added
that the consultation process had started after analysing the survey findings
which indicated the presence of gold in areas such as Karmatia, Jhajha and Sono
in the Jamui district. The Bihar
government is likely to sign a memorandum of understanding with a central
agency or agencies for G3 (preliminary) stage exploration within a month's
time, adding that in certain areas G2 (general) exploration can also be carried
out.
Uttarakhand formed panel to implement Uniform Civil Code
Uttarakhand government has announced the formation of a 5-member drafting
committee to implement the much-debated Uniform Civil Code (UCC) in the state. The retired Supreme Court judge Ranjana
Desai, who currently heads the Delimitation Commission of India is the Head of
the committee. Other members of the committee are: Delhi High Court judge
Pramod Kohli, ex-state chief secretaries Shatrughan Singh, Manu Gaud and
Surekha Dangwal. The Governor has given
his permission to establish an expert committee to check all the relevant laws
which control personal matters for people living in Uttarakhand and to prepare
a report on amendments in the present laws.
The UCC is referred to a common set of laws governing personal matters
such as marriage, divorce, adoption, inheritance and succession for all
citizens, irrespective of religion. The
UCC will be an important step to solidify the spirit of the Constitution. This
will also be an effective step toward Article 44 of the Constitution which
talks about securing a UCC for every citizen of the country. The apex court,
too, from time to time has emphasised on its implementation.
Appointments News
Justice Mohanty gets additional charge of Lokpal chairperson
President Ram Nath Kovind has given justice Pradip Kumar Mohanty the additional
charge of Lokpal chairperson after justice Pinaki Chandra Ghose completed his
term as the Lokpal chief. At present,
there are six members in the Lokpal. President Ram Nath Kovind had on March 23,
2019, administered the oath of office to justice Ghose as the Lokpal
chairperson. Two posts of judicial members have been lying vacant for over two
years. The Lokpal and Lokayuktas Act,
which envisages the appointment of a Lokpal at the Centre and Lokayuktas in
states to look into cases of corruption against certain categories of public
servants, was passed in 2013. A Lokpal
chief and members are appointed for a term of five years or until attaining the
age of 70 years. A Lokpal chief and its
members are appointed by the President after obtaining the recommendations of a
selection committee headed by the Prime Minister and comprising the speaker of
the Lok Sabha, the Leader of Opposition in the lower house, the Chief Justice
of India or a judge of the Supreme Court nominated by him, and an eminent
jurist as recommended by the chairperson and members of the selection panel.
INTERNATIONAL
Oil price crosses $120 mark ahead of EU meeting on
Russia sanctions
Oil price crossed the $120 mark on Monday, climbing to its highest in
over two months, ahead of European Union's meeting which could lead to a ban on
Russian oil imports. Brent crude futures was up 47 cents to $119.90/barrel
after rising to $120.50/barrel earlier in the session. US West Texas
Intermediate (WTI) crude futures jumped 72 cents to $115.79/barrel.
Russia ready to facilitate grain exports from
Ukrainian ports: Putin
Amid soaring food prices globally, Russian President Vladimir Putin on
Monday said that Russia is ready to facilitate the unhindered export of grain
from Ukrainian ports. His comment comes amid a blockade of Ukrainian ports by
the Russian forces. Separately, Putin said that if sanctions were lifted, then
Russia could "export significant volumes of fertilizers and agricultural
products".
Serbia secures 'very favourable' gas deal with
Russia
Serbia secured a "very favourable" deal with Russia to procure
natural gas, President Aleksandar Vucic said. This comes despite calls from
European Union (EU) nations to impose sanctions on Russian fuel supplies over
war in Ukraine. "The free leader, free people make decisions that are good
for Serbia and do not accept orders" from the West, said Serbian Interior
Minister.
World Bank to disburse $700 mn to crisis-hit Sri
Lanka: Reports
The World Bank will disburse $700 million to Sri Lanka by re-purposing
the country's existing loans amid its ongoing economic crisis, media reports
stated on Monday. This comes as the country is also seeking a bailout package
from International Monetary Fund (IMF). Sri Lanka is grappling with a shortage
of essential items, including food supplies, fuel, medicines and cooking gas.
Banking, Business and Economy News
Oil price crosses $120 mark ahead of EU meeting on
Russia sanctions
Oil price crossed the $120 mark on Monday, climbing to its highest in
over two months, ahead of European Union's meeting which could lead to a ban on
Russian oil imports. Brent crude futures was up 47 cents to $119.90/barrel
after rising to $120.50/barrel earlier in the session. US West Texas
Intermediate (WTI) crude futures jumped 72 cents to $115.79/barrel.
BOB
Financial and HPCL started up a co-branded contactless RuPay Credit Card
HPCL and BOB co-branded contactless RuPay Credit Card has been launched by BOB
Financial and Hindustan Petroleum (HPCL) in collaboration with National
Payments Corporation of India (NPCI). The
card has a number of advantages, including incentives for utility, supermarket,
and department shop purchases. The JCB network allows you to use this card at
shops and ATMs all around the world. BOB Financial is the Bank of Baroda's
wholly-owned subsidiary (BoB). At HPCL
petrol stations and on the HP Pay app, cardholders of the HPCL and BOB RuPay
Contactless Credit Card can earn up to 24 reward points (every Rs 150 spent).
PM Modi: India is one of the world's fastest-growing economies
Prime Minister Narendra Modi announced that India has become one of the world's
fastest growing economies. He was addressing at an occasion where he announced
the PM-CARES for Children Scheme's benefits. In the midst of the pandemic's
negative mood, Prime Minister Narendra Modi stated that India relied on its
strength. India had faith in its
scientists, doctors, and young people. And we emerged as a beam of optimism for
the globe, rather than a source of concern. India did not become the problem;
instead, we became the provider of solutions.
The Prime Minister went on to say that no one could have predicted the
achievements India has made in the last eight years. Today, India's pride in the globe has grown,
as has its power in international forums. And he is pleased that India's
journey is being led by young. Moody's
Investors Service cut India's economic growth forecast for 2022 from 9.1
percent to 8.8 percent, citing excessive inflation. High-frequency data implies
that the growth momentum from December quarter 2021 carried over into the first
four months of this year, according to Moody's Global Macro Outlook 2022-23.
Newly-listed LIC's Q4 net profit falls 17% to
₹2,409 cr, declares ₹1.5 dividend
Life Insurance Corporation of India (LIC) on Monday reported that its consolidated
net profit fell 17% year-on-year to ₹2,409 crore in the quarter ended March
2022. The company earned a net premium of ₹1.44 lakh crore during the quarter,
while its revenue increased to ₹2.12 lakh crore. LIC, which listed on the
bourses this month, announced a dividend of ₹1.5.
Consultation paper on crypto fairly ready: Economic
Affairs Secy
Economic Affairs Secretary Ajay Seth on Monday said the consultation
paper on cryptocurrencies is "fairly ready". "We've gone through
deep dive, consulted not just domestic stakeholders but also organisations like
the International Monetary Fund and the World Bank," Seth said. He added
that the government is also beginning work on some sort of global regulations
on cryptocurrencies.
Sensex jumps 1,041 points to end at 55,926, Nifty
closes above 16,650
BSE Sensex jumped 1,041 points or 1.90% to close at 55,926 while NSE
Nifty surged by 309 to settle at 16,661 on Monday. Titan, Infosys, Mahindra
& Mahindra, Reliance Industries and TCS were among the lead gainers.
Meanwhile, Ethos made its market debut today and ended at ₹802 per share, 8.6%
down from its issue price of ₹878.
Awards News
Cannes
Film Festival 2022: Complete List Of Winners
The 75th edition of the Cannes Film Festival came to a glittering close with
the nine-member jury giving out the big awards at the prestigious festival. The
awards were selected by a nine-member jury headed by French actor Vincent
Lindon and presented in a closing ceremony inside Cannes' Grand Lumière
Theater. The jury included an Indian
face in actor Deepika Padukone. A separate section of two awards for
documentary films was adjudged earlier on Saturday. Those awards were adjudged
by a separate jury.
FULL LIST OF WINNERS AT 2022 CANNES FILM FESTIVAL
Palme d’Or: Triangle of Sadness, directed by Ruben Östlund. Grand Prix: Stars at Noon, directed by
Claire Denis and Close directed by Lukas Dhont. Jury Prize: Eo, directed by Jerzy
Skolimowski and Le Otto Montagne, directed by Charlotte Vandermeersch
and Felix van Groeningen. Best
Director: Park Chan-wook for Decision to Leave. Best Actor: Song Kang-ho for Broker
Best Actress: Zar Amir Ebrahimi for Holy Spider. Best Screenplay: Tarik Saleh (Boy from
Heaven). Camera d’Or: Gina Gammell
and Riley Keough for War Pony. Jury
Special Award: Tori and Lokita. L'Oeil
d'Or: All That Breathes. Jury Special
Award (documentary): Mariupolis 2.
Shaunak Sen's documentary 'All That Breathes' wins L'OEil d'Or award at
Cannes Film Festival
Filmmaker Shaunak Sen's documentary All That Breathes, India's only entry at
Cannes Film Festival 2022, has won the 2022 L'Oeil d'Or, the festival's top
prize for documentaries. "L'Oeil
d'Or goes to a film that, in a world of destruction, reminds us that every life
matters, and every small action matters. The award includes a cash prize of
5,000 euros ( ₹4.16 lakh approximately).
The L'Oeil d'Or documentary award, also known as The Golden Eye award,
was created in 2015 by the French-speaking authors’ society LaScam in
collaboration with the Cannes Film Festival.
All That Breathes had also won the World Cinema Grand Jury Prize:
Documentary at the 2022 Sundance Film Festival. Recently, it was acquired by
HBO, a US-based cable network. After its release in the US late this year, the
documentary will debut on HBO and streaming service HBO Max in 2023.
Ranks and Reports News
Fortune 500 list: Elon Musk, world's richest man, was 2021's highest-paid
CEO
Elon Musk, the multi-billionaire CEO of Tesla and SpaceX highest-paid executive
in the world. Musk has topped the Fortune’s new list of the most highly
compensated CEOs on the Fortune 500. In
2021, Musk “realized” compensation worth almost USD 23.5 billion, from
exercising some Tesla stock options awarded in a 2018 multiyear “moonshot”
grant. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are
all tech and biotech CEOs, including the heads of Apple, Netflix, and
Microsoft.
List
of top 10 most highly compensated CEOs:
Elon Musk, Tesla: USD 23.5 Billion. Tim
Cook, Apple: USD 770.5 Million. Jensen
Huang, NVIDIA: USD 561 Million. Reed
Hastings, Netflix: USD 453.5 Million. Leonard
Schleifer, Regeneron Pharmaceuticals: USD 452.9 Million. Marc Benioff, Salesforce: USD 439.4 Million
Satya Nadella, Microsoft: USD 309.4 Million.
Robert A. Kotick, Activision Blizzard: USD 296.7 Million. Hock E. Tan, Broadcom: USD 288 Million. Safra A. Catz, Oracle: USD 239.5 Million.
RBI’s Banknote Survey: Rs 100 is the most preferred banknote
The Reserve Bank of India’s Banknote Survey of Consumers' findings revealed
that, among banknotes, Rs100 was the most preferred while Rs 2,000 was the
least preferred denomination. The
survey, that was published in the Reserve Bank of India Annual Report this year
said that Rs 100 notes were most preferred among Indians, while Rs 2000 notes
were the least preferred. The RBI survey
also found out that the total number of Rs 2000 notes comprised only 214 crores
or 1.6 per cent of the total currency notes in circulation. A diverse sample of
11,000 respondents from rural, semi-urban, urban and metropolitan areas,
spanning 28 states and three union territories participated in the survey. The survey also included 351 visually
impaired respondents (VIR). The survey covered respondents from the age of 18
to 79 years with a gender representation of 60:40 for males and females.
Sports News
IPL 2022 Final: Gujarat Titans won the title
The Indian Premier League (IPL) 2022 ended with Gujarat Titans (GT) lifting the
trophy by defeating inaugural champions Rajasthan Royals (RR) at the Narendra
Modi Stadium, Ahmedabad on May 29. The
Indian Premier League (IPL) 2022, was the 15th edition of the professional
Twenty20 cricket league established by the Board of Control for Cricket in
India (BCCI). IPL 2022 Closing Ceremony:
It was a full house at the Narendra Modi Stadium as the attendance marked
1,04,859. BCCI president Sourav Ganguly
and General Secretary Jay Shah then receive a certificate as IPL created a
Guinness world record for the world’s largest cricket jersey. AR Rahman, the Academy Award winner, was the
star of the show at the IPL 2022 Closing Ceremony. Ranveer Singh’s dance performance, which
included the ‘Vaathi Coming’ from Master and 'Naatu Naatu' from RRR, was the
perfect start of the electric evening of the IPL 2022 Closing Ceremony.
Women's T20 Challenge: Supernovas Beat Velocity
Supernovas won the Women's T20 Challenge 2022 with a four-run victory over
Velocity in the title clash. West Indies
T20 specialist Deandra Dottin shined with both bat and ball as she powered
Supernovas to a record third Women’s T20 Challenge title triumph with a
four-run victory over Velocity. The
Women's T20 Challenge is an Indian women's cricket 20-20 tournament organised by
BCCI.
Miscellaneous News
Wankhede transferred to Chennai for alleged shoddy
probe against Aryan Khan
Former NCB zonal director Sameer Wankhede who investigated the
drugs-on-cruise case in which Aryan Khan was accused, has been transferred to
the Directorate General of Taxpayer Services (DGTS) in Chennai. Khan and five
others were recently cleared of all charges in the case and the Centre had
ordered a probe against Wankhede for 'shoddy investigation' in the case.
India's foremost documentary film festival MIFF 2022 begins
The 17th edition of the Mumbai International Film Festival for Documentary,
Short Fiction, and Animation films (MIFF-2022) began with a colourful opening
ceremony at the Nehru Centre, Worli in Mumbai, Maharashtra. MIFF 2022 has got an overwhelming response
from filmmakers across the world, receiving a whopping eight hundred 8 film
entries from 30 countries. Out of these,
one hundred 2 films will be screened under the Competition Category - 35 in
international competition and 67 in the national competition. 18 Films will be
screened under the ‘MIFF Prism Category’.
In commemoration of Bangladesh’s 50 years of Independence, the country
has been chosen as the ‘Country of Focus this year. A special package of 11
films from Bangladesh including the critically acclaimed film ‘Hasina- A
Daughter’s Tale’ will be presented at MIFF 2022. The Best Film of the Festival will receive
the Golden Conch award, along with a cash prize of Rs 10 lakhs. Other awards
carry cash prizes varying from five to one lakh along with Silver Conch, trophy
and certificate.
Important Days
International Day of UN Peacekeepers observed on 29th May
International Day of UN Peacekeepers is observed globally on 29th May. The International Day of United Nations
Peacekeepers also offers a chance to honour around 4,200 peacekeepers who lost
their lives serving under the UN flag since, including 135 who lost the battle
last year. UN Secretary-General António
Guterres said that this year, the focus is on the Power of Partnerships. The
theme for this year’s Day is "People. Peace. Progress. The Power of
Partnerships.” Peacekeeping is one of
the many tools used by the United Nations to secure global peace and security.
UN Peacekeepers are also known as the Blue Helmets, is a collective
enterprise, which aims to change lives for the better. The first UN peacekeeping mission was
established on 1948, May 29 when the Security Council deployed a small number
of UN military observers to the Middle East to form the United Nations Truce
Supervision Organization (UNTSO) with the objective to monitor the Armistice
Agreement between Israel and its Arab neighbours.
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