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CURRENT AFFAIRS SNIPPETS
16th AND 17TH June 2022
National News
'Agniveers'
to be prioritised by UP Govt. for recruitment
Agniveers personnel recruited on short-term contracts in the Army, Navy, and
Air Force under the unique Agnipath system would have preference in recruitment
to the state's police and associated services, according to Uttar Pradesh Chief
Minister Yogi Adityanath. This comes a
day after Defence Minister Rajnath Singh launched the Agnipath scheme for
short-term contractual recruitment of personnel in the tri-services for a
maximum of four years.
PM Modi cares for youth: Amit Shah as age
limit relaxed for Agnipath scheme
After the government relaxed the age limit for the Agnipath scheme, Home
Minister Amit Shah said PM Narendra Modi cares for the youth. It was a
sensitive decision to give two years concession in the age limit and increase
it from 21 years to 23 years for first-year aspirants, Shah tweeted. "Youth
will be benefited from this decision," he added.
Pramod K Mittal named as chairperson of COAI for 2022-23
Industry body Cellular Operators’ Association of India (COAI) named Pramod K
Mittal, President of Reliance Jio Infocomm, as the new Chairperson of the association
for 2022-23. Mittal was previously the
Vice-Chairperson of the COAI, whose members include Reliance Jio, Bharti
Airtel, and Vodafone Idea (VIL). Mittal
will replace Ajai Puri as the COAI Chairperson. Mittal comes with a rich
experience of 42 years in telecommunications.
Prior to joining India's leading telecom operator, the Reliance
Jio Infocomm President has also served in the Department of
Telecommunications (DoT) for over 37 years.
B S Patil sworn in as Lokayukta of Karnataka
Former Karnataka High Court judge, Bhimanagouda Sanganagouda Patil was sworn in
as the Lokayukta of Karnataka. Governor Thaawarchand Gehlot administered the
oath of office to Justice Patil. Karnataka
Chief Minister Basavaraj Bommai, Leader of Opposition Siddaramaiah, ministers
in the State Government and legislators attended the programme, and greeted
Justice Patil.
Justice Ranjana Prakash Desai as New PCI Chief
Former Supreme Court judge Justice Ranjana Prakash Desai is believed to have
been chosen as the next head of the Press Council of India (PCI). Justice Desai recently served as the chairman
of the Delimitation Commission on Jammu and Kashmir, which was established to
redesign the Union Territory's assembly constituencies. Since Justice Chandramauli Kumar Prasad
(retd) completed his tenure as PCI chairperson and demitted office in November
of last year, the position has been empty.
Mumbai
Airport launched Vertical Axis Wind Turbine & Solar PV hybrid System
Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai has become
India’s 1st airport to launch a one-of-its-kind Vertical Axis Wind Turbine
& Solar PV hybrid (Solar Mill) to explore the possibility of utilization of
wind energy at the airport. With this, Mumbai
will become the first city in India to establish a one-of-its-kind hybrid power
project at its airport. This sustainable
initiative undertaken by CSMIA reduces dependence on conventional
electricity which propels its journey towards ‘Net Zero’ emissions.
Tamil Nadu launched Ennum Ezhuthum scheme to bridge learning gap
Tamil Nadu Chief Minister, MK Stalin launched the Ennum Ezhuthum scheme to
bridge the learning gap that was caused due to the COVID pandemic among
students aged below eight. The scheme
aims to ensure foundational literacy and numeracy by 2025. It was launched at
an event in Azhinjivakkam panchayat union middle school, Tiruvallur. The education department will distribute
workbooks to students from Classes 1 to 3 to assess and bridge the learning
gap.
India’s 1st private train service flagged off under ‘Bharat Gaurav
Scheme’
The first train to be operated between Coimbatore and Shirdi by a private
operator, under the 'Bharat Gaurav' scheme of the Indian Railways, was flagged
off. Ministry of Tourism has informed
that the first ever Bharat Gaurav Train has been flagged off on Coimbatore
north to Sainagar Shirdi route. The
train will cover several historical destinations on the route while giving the
passengers an insight into the cultural heritage of the country. Indian Railways had launched the operation of
theme-based Bharat Gaurav train in the month of November 2021.
PM Modi inaugurates Jal Bhushan Building and Gallery of Revolutionaries
at Raj Bhawan in Mumbai
Prime Minister Narendra Modi has inaugurated Jal Bhushan Building at Raj Bhawan
in Mumbai. Maharashtra Chief Minister
Udhav Thackeray, Dy CM Ajit Pawar, Environment Minister Aaditya Thackeray and
the State Governor Bhagat Singh Koshyari were also present on the occasion. The PM also inaugurated an underground
'Gallery of Revolutionaries' museum dedicated to the luminaries of the freedom
struggle, at the Raj Bhavan.
Arati Prabhakar to be appointed as science adviser to the President of
US
US president Joe Biden is expected to name Arati Prabhakar as the head of the
White House Office of Science and Technology Policy (OSTP). She will succeed Eric Lander who left the
role nine months after his appointment after he admitted to bullying his staff
and creating a hostile work environment during his tenure. Arati would be the first woman and the first
person of color to serve as science adviser to the President of the United
States.
Anand Mahindra, Venu Srinivasan, Pankaj Patel, and Ravindra Dholakia
appointed to RBI central board
The government has appointed industrialists Anand Mahindra, Pankaj R Patel and
Venu Srinivasan, and former IIM (Ahmedabad) professor Ravindra H Dholakia as
non-official directors on the central board of the Reserve Bank. The nominations have been made for four years
by the Appointments Committee of the Cabinet (ACC). RBI’s affairs are governed by the central
board of directors. The members of the board, chaired by RBI Governor, are
appointed by the government of India as per the Reserve Bank of India Act. The government nominates 10 non-official from
various files and two government officials. Besides, there are also four non-official
directors (one each from four local board of RBI).
UPEIDA
signs MoUs with SBI, BOB, PNB, and SIDBI for UP
To encourage investment in the UP Defense Industrial Corridor, the Uttar
Pradesh Expressways Industrial Development Authority (UPEIDA) has inked MoUs
with the State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank
(PNB), and Small Industries Development Bank of India (SIDBI). The bank would provide financial help in the
form of ease of doing business to investors in the UP Defense Industrial
Corridor, according to the deal.
International News
8th
Global Conference of Young Parliamentarians hosted in Egypt
The Eighth Global Conference of Young Parliamentarians has been started in
Sharm El Sheikh, Egypt to address climate change. The two-day conference is
being jointly organized by the House of Representatives and the
Inter-Parliamentary Union (IPU). Nagaland’s
first woman elected as Member of Parliament to Rajya Sabha, S. Phangon Konyak
is representing India at the Conference. She, along with two other young Lok
Sabha MPs from India, will be sharing her thoughts on the 'Young MPs for
Climate Actions'.
LinkedIn
tie-up with UN Women to create employment opportunities for women
LinkedIn, the world's largest professional network, will invest USD
5,00,000 (Rs 3.88 crore) in partnership with United Nation's Women to advance
women's economic empowerment. The
project will launch a pilot in Maharashtra to cultivate the digital, soft and
employability skills of 2,000 women and present them with a range of
career-building opportunities through job fairs, mentoring sessions and
peer-to-peer networks. The three-year
regional collaboration will digitally upskill women, providing them greater
access to jobs and equipping them to fully participate in the formal economy.
France signs agreement to accept UPI payments and RuPay cards from
India
Union Communication Minister Ashwini Vaishnaw said that UPI and Rupay card
services will be available in France soon, giving a huge boost to the Unified
Payments Interface (UPI) and Rupay cards.
The overseas branch of India's National Payments Corporation (NPCI) has
inked a Memorandum of Understanding (MoU) with France's Lyra Network for the
acceptance of UPI and Rupay in the country.
So far, countries such as Singapore, the United Arab Emirates, Bhutan,
and Nepal have adopted India's UPI payment system.
APEDA
organized mango festival in Bahrain to boost export of mangoes
The Agricultural and Processed Food Products Export Development Authority
(APEDA) has organized an eight-day long mango festival in Bahrain to boost the
export of Mangoes. 34 varieties of
mangoes from eastern states of West Bengal, Bihar, Jharkhand, Uttar Pradesh and
Odisha, are being displayed at eight different locations of Bahrain's Al Jazira
group supermarket. The mango show in
Bahrain is part of APEDA’s new initiatives to explore international markets for
Indian mangoes under the ‘Mango Festival 2022’.
Ukraine plans to introduce visas for
Russians for 1st time in July
Ukraine plans to introduce visas for Russian nationals from July 1,
Ukrainian President Volodymyr Zelenskyy announced on Friday. Notably, the move
will end visa-free travel for Russians for the first time since Ukraine's
independence from Soviet Union. "Due to the full-scale war...we need to
strengthen the control over the entry of Russian nationals into our
territory," a Ukrainian official said.
BANKING, BUSINESS AND ECONOMY News
Investors poorer by ₹18.17 lakh crore as
markets decline for 6th straight session
Investors' wealth eroded by ₹18.17 lakh crore in six trading sessions as
markets continue to decline amid extremely bearish sentiments. Benchmark
indices Sensex and Nifty logged their worst weekly losses since May 2020, with
Sensex hitting one-year-low of 50,921 on Friday. The decline comes amid rate
hikes by global central banks, unrelenting foreign fund outflows and rising
crude oil prices.
HSBC
India announced $250 Million lending support for Indian start-ups
Hong Kong and Shanghai Banking Corporation Limited, India (HSBC India) has
announced USD 250 million in lending support for high-growth, technology-led
start-ups in India, which has the world’s third-largest start-up ecosystem. HSBC will administer the lending via its
commercial banking division. It has also not mentioned any specific timeframe
for disbursal of the amount. HSBC stated
that the lending will be done to high-growth, tech-led startups in the third
largest startup ecosystem in the world. HSBC has prepared a credit model and
offerings to suit the specific requirements of a wide spectrum of startups and
new-age entities, ranging from growth stage to unicorns.
RBI lifted the restrictions on Mastercard 2022
The Reserve Bank of India (RBI) relaxed the limitations placed on Mastercard
Asia/Pacific Pte Ltd on onboarding new domestic clients. For non-compliance
with RBI standards for data storage in India, Mastercard has been barred from
onboarding new domestic users (debit, credit, or prepaid) onto its card network
as of July 22, 2021. The RBI had given
Mastercard almost three years to comply with the regulatory directives, but it
was unable to do so. All system
providers were directed to ensure that the entire data (full end-to-end
transaction details, information collected, carried, or processed as part of
the message or payment instruction) relating to payment systems operated by
them is stored in a system only in India by the RBI circular on Storage of
Payment System Data dated April 6, 2018
Trade deficit of India broadens to $24.29 billion in May 2022
Trade data released by the Ministry of Commerce and Industry showed that
India’s May trade deficit widened to $24.29 billion from $6.53 billion a year
ago. May’s trade deficit was pushed up
by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while
exports rose 20.55% to $38.94 billion. Despite
the uncertainty and volatility caused by the war in Europe, the engineering
goods exports rose by 12.65 per cent year-on-year to $9.71 billion in May 2022.
WPI inflation spiked to 15.88% in May 2022
Wholesale price inflation spiked to 15.88% in May, the highest since September
1991 as a surge in price pressure in food and fuel overwhelmed a moderation in
the dominant manufactured product segment.
In April, the WPI inflation was recorded at 15.08%. Inflation based on
the wholesale price index (WPI) has remained in double digits for 14 months
now, mirroring elevated global commodity prices, especially of oil, according
to the official data released.
Tamilnad Mercantile Bank gets SEBI’s nod to float IPO
Private sector lender, Tamilnad Mercantile Bank has received capital markets
regulator Securities and Exchange Board of India's (SEBI) to launch and raise
funds through an initial public offering (IPO).
The public issue comprises a fresh issue of 1,58,27,495 equity shares
and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders,
according to the Draft Red Herring Prospectus (DRHP).
CASHe
has launched an industry-first credit line service on WhatsApp
Financial wellness platform, CASHe has launched an industry-first credit line service
using its AI-powered chat capability on WhatsApp to provide customers with a
fast, seamless and convenient way to access instant credit line by merely
typing their name. The firm offers an
instant credit limit without the need for any documents, app downloads or
filling up tedious application forms. CASHe’s
WhatsApp chat service is built on the WhatsApp Business Platform, an enterprise
solution that allows businesses to communicate with new and existing customers
on WhatsApp in a simple, secure, and reliable way.
Adani Transmission’s $700 million loan gets ‘green loan’ tag
Adani Transmission Limited’s, $700 million revolving facility has been tagged
as a 'green loan' by Sustainalytics. This assures the green loan framework for
the revolving facility. Sustainalytics
had issued the independent SPO on the alignment of the reviewed framework with
the current market standards and the extent to which the eligible project
categories are credible and impactful. The
projects associated with the USD 700 million revolving facility are being
implemented in Gujarat and Maharashtra.
Ranks and Reports News
Global Startup Ecosystem ranking: Kerala ranks top in Asia in global
report
Providing a boost for Kerala’s start-up ecosystem, the State has been ranked
first in Asia in Affordable Talent in Global Startup Ecosystem Report (GSER). The State has also been ranked fourth in
global ranking in the GSER, drawn up jointly by policy advisory and research
organisation Startup Genome and Global Entrepreneurship Network. In the first
GSER published in 2020, Kerala was ranked 5th in Asia and 20th in the world.
Science and Technology News
Ashwini
Vaishnaw: India to have 5G services by March 2023
Union Communications Minister Ashwini Vaishnaw announced at the Viva Technology
2022 event that India will have full-fledged 5G services by March 2023. Vaishnaw told that the 5G spectrum auction
will be concluded by the end of July, adding that Telecom is the key source of
digital consumption, and it is very vital to introduce trusted solutions in
telecom. India should develop the
technology and core network for 5G services; this would be a significant
achievement for the country. The Union
Cabinet, led by Prime Minister Narendra Modi, has finally approved the
Department of Telecommunications' (5G) spectrum auction, in which bidders would
be assigned spectrum to provide 5G services to the general public and
businesses.
Google announced a startup accelerator program for women founders
Google
announced a startup accelerator program for women founders. The program will
help them address challenges such as fundraising and hiring. Google for
Startups Accelerator India – Women Founders will run from Jul-2022 to Sep-2022. The program is part of a larger effort by
Google towards improving the representation of women across different sections
of India's digitally-trained workforce — be it entrepreneurship, professionals
looking to upskill or young graduates seeking a headstart on their career.
Sports News
Dinesh Karthik breaks MS Dhoni's record as
India beat SA in 4th T20I to level series 2-2
India defeated South Africa by 82 runs in the fourth T20I in Rajkot to
level the five-match series 2-2. The match witnessed Dinesh Karthik (55 runs)
break MS Dhoni's record (52*) for the highest T20I score by a Team India batter
at number six or lower. Meanwhile, India fast bowler Avesh Khan recorded
bowling figures of 4-0-18-4.
ICC retains Nitin Menon in Elite Panel
India's Nitin Menon has retained his place in the ICC Elite Panel and is set to
make his maiden appearance as a neutral umpire in Sri Lanka later this month. A
BCCI official told PTI that Menon has got a one-year extension from the
International Cricket Council. The
38-year-old from Indore remains the only Indian in the 11-member Elite Panel of
Umpires. There is no change in the Elite
Panel and besides Menon, it includes Aleem Dar from Pakistan, Chris Gaffaney
from New Zealand, Kumara Dharmasena from Sri Lanka, Marais Erasmus from South
Africa, Michael Gough, Richard Illingworth and Richard Kettleborough (all three
from England), Paul Reiffel and Rod Tucker from Australia and Joel Wilson from
the West Indies.
IMPORTANT DAYS
International Day of Family Remittances 2022: 16 June
The International Day of Family Remittances (IDFR) was adopted by the United
Nations General Assembly and is observed on 16 June. The IDFR recognizes more
than 200 million migrant workers, women and men, who send money home to over
800 million family members. This day
further highlights the great resilience of migrant workers in the face of
economic insecurities, natural and climate related disasters and a global
pandemic. This year, the United Nations
is continuing last year’s theme for International Day of Family Remittances:
recovery and resilience through digital and financial inclusion.
Obituaries News
Eminent Urdu critic & linguist Professor Gopi Chand Narang passes
away
Renowned Urdu scholar, linguist, theorist, literary critic, and former
Chairperson of Sahitya Akademi Professor, Gopi Chand Narang has passed away at
91. He was a Professor Emeritus at the University of Delhi and Jamia Millia
Islamia. He has been honoured with the
Padma Bhushan (2004) and Sahitya Akademi Awards (1995). He incorporated a range
of modern theoretical frameworks, including stylistics, structuralism,
post-structuralism, and Sanskrit poetics.
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