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16th July 2022

National News

 

 

'Kisan Putra', known for his humility: PM on NDA's Vice President candidate Dhankhar

PM Narendra Modi on Saturday called West Bengal Governor and NDA's Vice President of India candidate Jagdeep Dhankhar a "Kisan Putra" (son of a farmer). "Jagdeep Dhankhar Ji is known for his humility...He has always worked for the well-being of farmers, youth, women and the marginalised," said PM. "[I'm] glad that he (Dhankhar) will be our VP candidate," he added.

Cong shifts 5 of its Goa MLAs to Chennai ahead of Presidential polls

The Goa Congress has shifted five of its eleven MLAs to Chennai for the weekend ahead of the Presidential elections on July 18. MLAs Sankalp Amonkar, Yuri Alemao, Altone D'Costa, Rodolfo Fernandes and Carlos Alvares Ferreira were moved to Chennai on Friday evening. On Friday, state Congress President Amit Patkar accused the BJP of trying to lure Congress legislators.

To encourage agricultural trade, Narendra Tomar launched e-NAM Platform 

On the eve of the State Agriculture and Horticulture Ministers' Conference in Bengaluru, Karnataka, Shri Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, unveiled the Platform of Platforms (POP) under the National Agriculture Market (e-NAM).  A total of 1,018 Farmer Producer Organizations (FPOs) received equity grants totaling more than Rs 37 crore, which will help 3.5 lakh farmers.

Appointments News

Google Parent Alphabet appoints Goldman Sachs Veteran, Marty Chavez to Board 

Wall Street veteran Marty Chavez is joining the board of Google parent Alphabet Inc., adding significant finance muscle to the technology giant.  His appointment marks the first change to the Alphabet board since 2020 when former Google Chief Executive Officer Eric Schmidt departed.

Agreements News

RIL tie-up with Athletics Federation of India to support Indian Athlete 

Reliance Industries Limited (RIL) and the Athletics Federation of India (AFI) have entered into a long-term partnership to enable the holistic growth of athletics in India.  The partnership aims to discover, nurture and develop Indian athletes from across the country and provide them with world-class facilities, coaching and sports science and medicine support by leveraging the Reliance Foundation ecosystem including the Odisha Reliance Foundation Athletics High-Performance Center and Sir HN Reliance Foundation Hospital.

Vedanta collaborates with company started from IIT Madras 

In order to implement safety incident detection, metal and oil and gas company Vedanta has partnered with Detect Technologies, a startup established at IIT Madras, and deployed T-Pulse HSSE Monitoring System across all of its business units.  The partnership is consistent with the Vedanta Group's objective to achieving zero harm through the implementation of AI-enabled safety monitoring of workplaces, which is a key priority in its roadmap for digital transformation.

BANKING, BUSINESS AND ECONOMY

Trade Deficit widens to record $26.1 Billion in June 

India’s merchandise trade deficit widened to a record $26.18 billion in June, wider than the government’s earlier estimate of $25.63 billion, after the Commerce Ministry revised upwards both the exports and imports figures for the month.  The previous record monthly merchandise trade deficit was $24.3 billion in May. Last month’s trade deficit was almost three times as wide as the $9.6 billion shortfall recorded in June 2021.

Center extends State and Central Tax and Levies Rebate Program

The government has approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates as announced by the Ministry of Textiles for exports of apparel/garments and made-ups until March 31, 2024 in an effort to increase exports and create jobs in the textile industry.  RoSCTL is a growth-oriented, forward-looking programme that has helped increase exports and jobs by establishing a stable and predictable policy environment.

Bharti Airtel allotted 1.2% equity shares to Google for USD 1 Billion 

Telecom operator Bharti Airtel has allotted over 7.1 crore equity shares to internet major Google for Rs 734 a piece.  The allotment is part of Google’s commitment to invest USD 1 billion with Airtel, which included equity investment in the company worth USD 700 million, about Rs 5,224 crore.  Google now holds a 1.2% stake in India’s 2 telecom service providers. The investment follows Google’s USD 4.5 billion investment in Reliance Jio in July 2020 for India Digitization Fund.

INTERNATIONAL

Japan awards Ex-PM Shinzo Abe country's highest order posthumously 

The Japanese government announced its decision to honour former Prime Minister Shinzo Abe with the country's highest decoration "the Collar of the Supreme Order of the Chrysanthemum" posthumously.  Shinzo Abe will be the fourth former premier to receive the honour under the postwar Constitution. Before him, former Prime Ministers Shigeru Yoshida, Eisaku Sato and Yasuhiro Nakasone were conferred with the same honour.

British Parliament felicitated BCCI President Sourav Ganguly 

Former India captain and current BCCI president, Sourav Ganguly was felicitated by the British Parliament.  The Indian cricket legend was felicitated on the same date July 13 when he led India to Natwest final win in 2002 and exactly 20 years later on the same day he was honoured in the same city. He was elected as the President of BCCI in 2019.

Important Days

World Youth Skills Day 2022 celebrates globally 

World Youth Skills Day 2022 is observed annually on July 15. It focuses on the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship.  Every year, World Youth Skills Day is marked with a certain theme set by the United Nations. The theme for 2022 is 'Transforming youth skills for the future'.

SPORTS
21-yr-old Tomar wins gold in Men's 50m Rifle 3 Positions at Shooting WC

Indian shooter Aishwary Pratap Singh Tomar won a gold medal in Men's 50m Rifle 3 Positions at ISSF World Cup after beating Hungarian Zalan Pekler 16-12 in gold medal match on Saturday in Changwon, Korea. The 21-year-old junior world champion had topped the qualification round with a score of 593. India are currently on top of standings with four golds.

 

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