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NATIONAL UPDATES:
1. PM
to start three-day symposium on implementing the NEP: During his visit
to Varanasi, his Lok Sabha district, Prime Minister Narendra Modi is
anticipated to launch development projects worth more than Rs. 1,774 crore. He
has been to the city twice in the last four months. Nine topics designated for
higher education in the National Education Policy 2020 will be the subject of
panel discussions. Modi will also inaugurate the Akhil Bharatiya Shiksha
Samagam, which is being organised by the Union Education Ministry at the
international cooperation and convention centre Rudraksh. Modi last visited Varanasi
in March for a roadshow in preparation for the upcoming assembly elections in
Uttar Pradesh. Key Points:
a)
The
acceptance of the Varanasi Declaration on Higher Education is the focal point
of the three-day summit. More than 300 academic, administrative, and
institutional officials from universities and other important national
institutions across the nation are participating in the event as part of a
capacity-building initiative.
b)
There
will be panel discussions on the nine themes of multidisciplinary and holistic
education, skill development and employability, research, innovation, and
entrepreneurship, capacity building of teachers for quality education, quality,
ranking, and accreditation, digital empowerment and online education, equitable
and inclusive education, the Indian knowledge system, and internationalisation
of higher education that have been identified for higher education under the
National Education Policy 2020.
c)
Top
academics and education experts from around the nation will meet for a three-day
conference, according to University Grants Commission (UGC) chairperson M
Jagadesh Kumar. At a news conference held at Banaras Hindu University, he
stated, “The subjects to be discussed include making the Indian educational
system more egalitarian and accessible to all, internationalisation of Indian
education, and popularising and promoting old Indian knowledge” (BHU).
2.
“HariyaliMahotsav” to be organized by Ministry of Environment: Ministry of
Environment, Forest & Climate Change organized “Hariyali Mahotsav” on 8th
July, 2022 at Talkatora Stadium, New Delhi in the spirit of “Azadi Ka Amrit
Mahotsav”. The mahotsav is being organized by Ministry of Environment, Forest
and Climate Change in collaboration with the State Governments, Police
Institutions and Schools of Delhi for undertaking plantation drives on the
occasion. Ceremonial Plantation drives are being organized with participation
of 75 Nagar Vans throughout the country, 75 Police Stations and 75 Schools in
Delhi/NCR and 75 degraded plantation sites in the different states as part of
this Mahotsav. About the Hariyali Mahotsav:
a)
Hariyali
Mahotsav, the “Tree Festival” is being organized to create awareness about the
importance of trees in sustaining not only the life of the present generations
but also to secure the future of forthcoming generations. Trees play extremely
important role in mitigating adverse effects of climate change.
b)
This
Mahotsav is perceived as an effective tool to instill enthusiasm among masses
for forest conservation and planting trees. It holds immense importance in
complementing the policy and program initiatives of the government towards
environmental conservation. Hariyali Mahotsav is celebrated across the country
in recognition of the crucial role of Forest/Greenery in maintaining the
ecological balance and providing many ecosystem services to the planet.
3.
India’s first autonomous navigation facility “TiHAN” launched at IIT Hyderabad: India’s first
Autonomous Navigation facility, TiHAN inaugurated by Union Minister of State
for Science & Technology, Jitendra Singh at the IIT Hyderabad campus.
Developed at a budget of Rs. 130 crores by the Union Ministry of Science &
Technology, TiHAN (Technology Innovation Hub on Autonomous Navigation) is a
multidisciplinary initiative that will make India a global player in the
futuristic and next generation ‘smart mobility’ technology.
India’s mobility sector is one of the
world’s largest markets and the TiHAN – IITH will be the source of futuristic
technology generation for autonomous vehicles. TiHAN Testbed will provide a
unique platform for high quality research between academia, industry and
R&D labs both at the national and international level, thus making India a
global leader in autonomous navigation technologies.
4.
Suranjan Das named as the new president of AIU: The Jadavpur
University Vice-Chancellor, Suranjan Das was appointed as the president of the
Association of Indian Universities (AIU). His tenure as president will be for
one year from July 1. Das said he will take up the issue of executing the new
education policy’s (NEP) salient features, raising central funding for state
varsities involved in important research activities, and work on taking the
standards of Indian universities to global levels. Das, an eminent historian,
was appointed the vice-president of AIU a year ago.
Note: Association of Indian Universities
Secretary General: Dr. (Mrs.) Pankaj Mittal; Association of Indian Universities
Formation: 1925 as Inter-University Board.
5. A
new book titled ‘Getting the Bread: The Gen-Z Way to Success’ by Prarthna Batra: Young YouTuber
Prarthna Batra’s debut book ‘Getting the Bread: The Gen-Z Way to Success’
launched by sporting icon Sakshi Malik. In Getting the Bread: The Gen-Z Way to
Success, Prarthna Batra shares her worldview as well as her experiences of
interviewing eminent leaders, entrepreneurs, and media personalities for her
popular YouTube channel.
Essence of the book: This book gives
young millennial readers valuable insights about following their dreams and
becoming successful in a competitive world without losing touch with their
humanity.Well-researched, smart, and extremely readable, Getting the Bread: The
Gen-Z Way to Success redefines success for the youth of today.
INTERNATIONAL UPDATES:
1.
Amitabh Kant, former CEO of NITI Aayog, to serve as new G-20 Sherpa: The former CEO of
Niti Aayog, Amitabh Kant, will take on the role of G-20 Sherpa. Piyush Goyal, a
Union Minister, would be replaced by Kant because he is expected to resign
owing to workload. Later this year, India will preside over the G-20. It should
be highlighted that the nation requires a full-time G-20 Sherpa, which Goyal is
unlikely to provide as he already holds a number of cabinet positions. Goyal
has served as the nation’s G-20 Sherpa since September 7, 2021.
The G20 Foreign Ministers’ Meeting (FMM)
will get underway in Bali. The gathering will be viewed as a strategic forum to
talk about international recovery initiatives. Ministers will debate enhancing
multilateralism in the first session, while the food and energy crises will be
tackled in the second session.
2.
India gets elected to UNESCO panel on Intangible Cultural Heritage for
2022-2026 cycle:
India has been elected a member of the Intergovernmental Committee of UNESCO’s
2003 Convention for the Safeguarding of the Intangible Cultural Heritage for
the 2022-2026 cycle. In a series of tweets, Culture Minister GK Reddy said this
is yet another opportunity for India to reinstate the values of 'Vasudhaiva
Kutumbakam'. The elections for the Intergovernmental Committee took place
during the two-day General Assembly of the 2003 Convention held at UNESCO
headquarters in Paris which began on the 5th of July.
OTHER UPDATES:
SPORTS
1.
Malaysia Open Badminton Tournament 2022 conclude: The 2022 Malaysia
Open (officially known as the Petronas Malaysia Open 2022 for sponsorship
reasons) was a badminton tournament that took place at the Axiata Arena, Kuala
Lumpur, Malaysia, from 28 June to 3 July 2022 and had a total prize of US $675,000.
The 2022 Malaysia Open was the twelfth tournament of the 2022 BWF World Tour
and was part of the Malaysia Open championships, which had been held since
1937. This tournament was organized by the Badminton Association of Malaysia
with sanction from the BWF.
List of winners:
Category |
Winner |
Men’s singles title |
Viktor Axelsen
(Denmark) |
Women’s singles title |
Ratchanok Intanon
(Thailand) |
Men’s doubles
champions |
Takuro Hoki / Yugo
Kobayashi of Japan |
Women’s doubles
champions |
Apriyani Rahayu and
Siti Fadia Silva Ramadhanti of Indonesia |
Mixed doubles |
China’s Zheng Siwei
and Huang Yaqiong |
BANKING AND FINANCE
1.
SBI General Insurance launches Cyber VaultEdge insurance plan: SBI General
Insurance has launched the Cyber VaultEdge insurance plan, a comprehensive
cyber insurance cover for individuals that provides protection against
financial losses arising from cyber risks and attacks. Individuals exposed to
any form of cyber risks can buy this policy for themselves and their family.
Family includes self, spouse, and 2 dependent children (up to 18 years of age).
About the Cyber VaultEdge insurance
policy:
a)
Some
of the major inclusions of the policy includes theft of Funds, Identity Theft,
Cyber Bullying, Cyber Stalking and Loss of Reputation, Cyber Shopping, Online
shopping, Social Media and Media Liability, Network Security Liability, Privacy
Breach and Data Breach Liability, Smart Home Cover amongst others.
b)
Some
of the major advantages of buying the cyber insurance policy is protection
against cyber risks. The policy takes care of legal costs and expenses incurred
in pursuing or defending legal action against/by a third-party. Further, the
policy reimburses the expenses incurred for the services of an IT specialist or
to restore data.
Note: SBI General Insurance Headquarters
location: Mumbai; SBI General Insurance MD & CEO: Paritosh Tripathi; SBI
General Insurance Founded: 24 February 2009.
BUSINESS AND ECONOMY
1. R
Dinesh named the Confederation of Indian Industry’s new president: R Dinesh,
Executive Vice-Chairman of TVS Supply Chain Solutions, has been chosen as the
Confederation of Indian Industry’s (CII) President Designate for the years
2022–2023. He previously served as the Chairman of the National Committees on
Logistics, the CII Family Business Network India Chapter Council, the CII Tamil
Nadu State Council, and the CII Institute of Logistics Advisory Council. From
2018 to 2019, he served as the Chairman of the CII Southern Region.
Sanjiv Puri, Chairman and Managing Director
of ITC, was elected as the Vice-President of CII at a meeting of the CII
National Council held in Delhi. For 2022–2023, Sanjiv Bajaj, Chairman and
Managing Director of Bajaj Finserv Ltd., will continue to serve as CII
President.
About Confederation of Indian
Industry’s (CII):
The Confederation of Indian Industry (CII), an advocacy and trade association
with its main office in New Delhi, India, was established in 1895. To influence
the global, regional, and industrial agendas, CII works with business, governmental,
intellectual, and other leaders of society. The organisation is based on
membership.
DEFENCE
1.
MoD gives approval to HDFC, ICICI, and Axis to offer finances for international
purchases: The
Defence ministry gave three private sector banks permission to offer financial
support to it for the purchase of military equipment abroad. These banks
include ICICI Bank, Axis Bank, and HDFC Bank Ltd. For services like the
issuance of letters of credit and direct bank transfers to the ministry for
overseas purchase, only authorised public sector banks have been used up until
now. Key Points:
a)
The
ministry has allotted three private sector banks to supply the LoC and direct
bank transfer business for foreign procurement in accordance with the
Department of Financial Services‘ further openness of the distribution of
government business to private sector banks.
b)
For
a period of one year, concurrent LC business in the amount of Rs 2,000 crore
may be assigned to the chosen banks on both the capital and revenue sides (Rs
666 crore for each bank under both capital as well as Revenue)
c) Regular monitoring of these banks’ performance will allow for the necessary follow-up action to be taken as needed.
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