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07th June 2022
NATIONAL
YSRCP hires I-PAC again ahead of 2024 Andhra
Assembly polls
Andhra Pradesh's ruling YSRCP has hired political strategist Prashant
Kishor's Indian Political Action Committee (I-PAC) for a second time ahead of
2024 state Assembly polls, a party leader has confirmed. "Kishor's
colleague...Rishi Raj Singh [along with I-PAC's team] will be working
for...YSRCP till...next elections," the leader added. YSRCP won 151 out of
175 seats in 2019 state Assembly polls.
Govt widens CDS selection pool; serving or
retd 3-star officers eligible
The Centre has issued three separate notifications amending the rules of
Army, Navy and Air Force for the appointment of the next Chief of Defence Staff
(CDS). Any serving or retired Lieutenant General, Air Marshal and Vice Admiral
under the age of 62 years will be eligible for the post. The post is lying
vacant since General Bipin Rawat's death.
Rajasthan CM introduced Rajiv Gandhi Khel Ratna Award in the State for
Sportspersons
Rajasthan Chief Minister(CM) Ashok Gehlot has announced that the state
government is set to introduce the Rajiv Gandhi Khel Ratna Award to the State’s
sportspersons. He made the announcement
while addressing the inauguration and player award ceremony at Sawai Mansingh
Stadium in Jaipur, Rajasthan.
Blue
Duke declared as the State Butterfly of Sikkim
Chief Minister P.S. Golay, during the World Environment Day celebrations,
declared Blue Duke as the State Butterfly of Sikkim. The announcement was made
at Saramsa Garden near Ranipool during the event organized by the Forest
department. Blue Duke, a native
butterfly species of Sikkim, edged past another contender Krishna Peacock to be
announced as the State Butterfly of Sikkim. The two butterflies, among the
720-odd butterfly species, had been shortlisted for the State Butterfly
nominations.
Mumbai's daily COVID-19 cases rise to 1,242,
positivity rate at 7.24%
Mumbai on Tuesday reported 1,242 fresh COVID-19 cases, compared to 676
cases recorded on Monday. The city saw 506 recoveries and zero deaths in the
last 24 hours, while the number of active cases stands at 5,974. The positivity
rate dropped to 7.24% from Monday's 9.8%. As many as 74 patients were
hospitalised on Tuesday.
India ranks lowest among 180 countries in
global environment performance index
India occupies the last spot in the 2022 Environmental Performance Index
released recently based on an analysis by Yale and Columbia University
researchers. The Index ranked 180 countries using 40 indicators of
environmental health. Pakistan and Bangladesh were also among the bottom 10
countries in 176th and 177th spots, respectively. Nepal, Sri Lanka secured
162nd and 132nd ranks, respectively.
INTERNATIONAL
Albania
Elects General Major Bajram Begaj as New President
Albania’s parliament has elected a top military official, General Major Bajram
Begaj as its new president after no candidates were nominated in three rounds
of voting. The outgoing President Ilir
Meta signed the decree on Begaj’s dismissal as Chief of General Staff of the
AAF. Earlier, Bajram Begaj held the post
of the Chief of General Staff of the Albanian Armed Forces (AAF). He is
Albania’s 8th president and the 3rd from the military ranks. Bajram Begaj will take oath as the new
president on 25th July 2022 to replace the current president ‘Ilir Meta’, who
will remain in office until 22nd July 2022.
World Bank cuts global growth forecast to
2.9%, warns of stagflation
World Bank on Tuesday cut its global growth forecast for 2022 by 1.2
percentage points to 2.9% and warned of stagflation. It said the Russia-Ukraine
war has compounded damage from COVID-19 pandemic, with many countries likely to
face recession. World Bank President David Malpass said such a period of weak
growth and high inflation was last seen in the 1970s.
Japan to open to foreign tourists after
2-year pandemic closure
Japan will reopen to tourists from June 10 after a two-year COVID-19
closure but will require them to wear masks and avail private medical
insurance, government said on Tuesday. Tourists will be chaperoned throughout
their stay and only visitors on package tours will be allowed entry during
first phase of reopening. International students were allowed entry to Japan in
March.
Russian envoy walks out of UN meeting as EU
blames Moscow for food crisis
Russia's UN ambassador walked out of a UN Security Council meeting after
European Council President Charles Michel blamed Moscow's invasion of Ukraine
for causing a global food crisis. Michel said Russia's using food supplies as
"stealth missile against developing countries". "You may leave
the room, maybe it's easier not to listen to...truth," Michel told Vassily
Nebenzia as he walked out.
Banking, Business and Economy News
HDFC Bank hikes lending rate by 35 bps
across all tenors from today, EMIs to go up
HDFC Bank has hiked its marginal cost of funds-based lending rate (MCLR)
by 35 basis points across all tenors, effective June 7. As a result of the
hike, housing, vehicle and personal loans will become more expensive. The bank
has hiked its MCLR by 60 basis points since the RBI hiked the repo rate by 40
basis points in May.
SEBI may use US casinos-like AI tech against
insider trading: Report
SEBI is in talks with a US-based AI firm to develop Vegas casinos-like
AI tech to catch insider trading, Economic Times reported citing sources. If
the deal goes through, the company will customise the software according to the
requirements of SEBI. The company has given a live demonstration to SEBI as to
how the software will work.
Digital Payments in India expected to increase triple by 2026
Stashfin is a neo banking platform which introduces #LiveBoundless – a credit
line card especially for women. This card aims at giving women greater
financial freedom. It also offers cashback rewards, welcome credits, Free ATM
Withdrawals and deals. The card acts as
a virtual and physical medium for shopping, traveling, and eating and includes
1% cashback on every spend to benefits worth Rs 5,000 in the first year, and a
free credit period for select customers.
The firm also said that the card acts as a virtual and physical medium
for shopping, traveling, and eating, which makes it different from the existing
players in the market.
Agreements News
Airtel Payments Bank partnered with Muthoot Finance to offer gold
Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans
through Airtel Thanks app. There will be
no-processing charge on the loan. Muthoot Finance will provide up to 75 per
cent of the pledged gold value as a loan. The loan facility will also be
available at the 5 lakh banking points for Airtel Payments Bank. The partnership will give access to secured
and affordable credit to customers looking for quick liquidity against their
gold assets.
Ranks and Reports News
THE Asia University Rankings 2022: 4 Indian institutions in top 100
Times Higher Education Asia University Rankings 2022 was released by the Times
Higher Education (THE). The Indian
Institute of Science (IISc), Banglore continued to be the best institute of the
country. It ranked at 42nd place. IISc
in the top 100 institutions from Asia were JSS Academy of Higher Education and
Research debuting at 65th place, Indian Institute of Technology (IIT) Ropar at
68th rank and IIT Indore at 87th place. India
was the third most-represented country, behind Japan and mainland China with 71
institutions. 17 Indian universities topped the list under top 200.
Bloomberg Billionaires list: Mukesh Ambani richest in Asia
Reliance Industries Limited (RIL) Chairman and Managing Director, Mukesh Ambani
has regained the position of India as well as Asia's richest man, replacing
Adani Group Chairman Gautam Adani. According
to the Bloomberg Billionaires Index, Ambani who has a net worth of $99.7
billion added $9.69 billion in 2022. Mr
Ambani is followed by Gautam Adani on the global billionaire list. Adani is
ranked ninth with Net worth $98.7 billion in the Bloomberg Billionaire index. Tesla CEO Elon Musk remains the world's
richest person with a net fortune of $227 billion.
Awards News
IIFA awards 2022: Announced Check the complete list of winners
The International Indian Film Academy Awards (IIFA) held in Abu Dhabi. This year the IIFA 2022 Awards was hosted by
Salman Khan, Maniesh Paul and Riteish Deshmukh.
Sidharth Malhotra's Shershaah dominated the awards this year,
with the film winning in as many as five categories. Sardar Udham, Mimi and
Ludo won in two categories each.
Science and Technology News
Kiya.ai launches India’s first banking metaverse Kiyaverse
Kiya.ai, a digital solutions provider serving financial institutions and governments
globally, announced the launch of India’s first-ever banking metaverse
"Kiyaverse".
In the first phase, Kiyaverse will allow banks to extend their own metaverse
for clients, partners, and employees, through services that will include
Relationship Manager & Peer Avatars and Robo-advisors. Kiyaverse pioneers use cases of merging
real-world banking with Metaverse banking through an avatar (virtual humanoid)
based interactions.
IMPORTANT
DAYS
World Food Safety Day 2022 Observed on 7th June
World Food Safety Day is celebrated globally on June 7 every year as per the
World Health Organization (WHO). This
year, the theme is 'Safer food, better health'. WHO also launched a campaign to
inspire global participation. The United
Nations General Assembly established World Food Safety Day in 2018 to raise
awareness of this vital food safety issue.
The WHO and Food and Agriculture Organisation of the United Nations
(FAO) jointly kickstarted World Food Safety Day in collaboration with the
member states and other stakeholders.
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