NATIONAL UPDATES:
1. 7th
bilateral Japan-India Maritime Exercise, JIMEX 23 held at Visakhapatnam: Indian Navy is being hosted the seventh edition of the
bilateral Japan-India Maritime Exercise 2023, 'JIMEX
23' at Visakhapatnam from 5 to 10 July 2023. This edition marks
the 11th anniversary of JIMEX, since its inception in 2012. Indian Navy
participated with the INS Delhi (India's first indigenously built Guided
Missile Destroyer) INS Kamorta (an indigenously designed and built
Anti-Submarine Warfare Corvette), fleet tanker INS Shakti, etc.
2. DGCA,
EU Aviation Safety Agency sign MoU for unmanned aircraft systems: The Directorate General of Civil Aviation (DGCA) has signed an
MoU with the EU Aviation Safety Agency (EASA) for cooperation in
Unmanned Aircraft Systems and Innovative Air Mobility. It will focus
on collaboration on unmanned aircraft and innovative air mobility between
the two civil aviation authorities. It would include cooperation in the areas
of development of certification standards and environmental standards and
related requirements for the certification.
3. Scheme
for Expansion and Modernization of Fire Services in the States: The Ministry of Home Affairs has launched a Scheme for
the Expansion and Modernization of Fire Services in the States with
a total outlay of Rs.5,000 Crore. Objective: To expand and modernize
Fire Services within National Disaster Response Fund (NDRF) Out of the total
outlay, Rs. 500 crore has been kept for incentivizing the States
on the basis of their legal and infrastructure-based reforms. This scheme was
announced by the Union Home Minister, Amit Shah.
4. Gujarat
govt doubles insurance cover under Pradhan Mantri Jan Arogya scheme: The Gujarat government has doubled the insurance
coverage under Pradhan Mantri Jan Aarogya Yojana from Rs. 5 lakhs to
Rs. 10 lakhs, effective from July 11, 2023. The State Health Minister
Rushikesh Patel informed that the decision will benefit nearly 1.78 crore
Ayushman Bharat cardholders in the state. The beneficiaries will get free of
cost medical treatment from over two thousand government hospitals and 795
private hospitals in the state under PMAY.
5. 4th
edition of the Space Economy Leaders Meeting to begin in Bengaluru: As part of India's G20 Presidency, the 4th edition of the Space
Economy Leaders Meeting has started in Bengaluru on July 6. It dwell upon
the sharing of the space mission economy, the responsibilities of space
agencies, and alliances in space missions. The goal will be to improve the
space economy share in the global economy in a responsible and sustainable
manner Cultural Programmes representing India’s culture and tradition are also
organized for foreign dignitaries.
6. English
translation of bestselling Marathi novel ‘Dudiya’ out: The fast-paced novel “Dudiya: In your Burning Land”, written
by Sahitya Akademi award-winning Marathi novelist Vishwas Patil, has
been translated into English by Nadeem Khan. The book originally written
in Marathi, is a story of a spirited young Adivasi girl who challenges
conventional norms both within her impoverished tribe and inside a Naxal camp
by simply trying to live a life of dignity and independence. The book was published
by Niyogi Books.
7. HM laid foundation for country’s first cooperative-run
Sainik School: Union Home and Cooperation Minister Amit
Shah has virtually laid the foundation stone of the country’s first
cooperative-run Sainik School near Mehsana in This Sainik School has been
started in honor of Prime Minister Narendra Modi’s appeal to start 100 new
Sainik Schools on PPP basis in the country. The Sainik School will be
established at Boriyavi village, 11 kilometers away from Mehsana city by the
leading cooperative Dudh Sagar Dairy at the cost of 75 crores rupees.
8. Forests for monkeys to come up in Lucknow: The Uttar Pradesh government plans
to create dedicated monkey forests in Lucknow to help sustain the
simian population and reduce human-monkey conflict. Some dedicated ‘monkey
forests’ (Vanar Vans) will be created in the state capital during the proposed
annual plantation drive for simian population. These Vanar Vans will be created
in three categories by nagar nigam, forest, and rural development departments. The
project is expected to cost around Rs 10 crore and will be completed in a year.
9. Nitin Gadkari inaugurates and lays foundation stone of
11 highway project: Union minister for road transport and highways Nitin
Gadkari has inaugurated and laid the foundation stone for 11 national
highway (NH) projects worth ₹5600 crore in Pratapgarh, Rajasthan. The ceremony
marked the inauguration of four NH projects, spanning a total length of 219 km
and costing ₹3,775 crore. The 6-laning project from Kishangarh to Gulbapura
section on National Highway 48 aims to bolster the economic and social
development of Ajmer and Bhilwara districts. Furthermore, the 6-laning of
Gulabpura to Chittorgarh section will strengthen connectivity between Udaipur,
Jaipur, and Kota regions, benefiting Bhilwara and Chittorgarh districts. Additionally,
the construction of a 4-lane Railway Over Bridge (ROB) on National Highway 162A
at Fatehnagar will alleviate traffic congestion at the railway crossing. Foundation
stone for seven projects with a cumulative cost of ₹1850 crore and spanning a
total length of 221 km, was laid during the ceremony. These projects include
the development of direct connectivity from the revered religious site
Nathdwara to Udaipur airport. Furthermore, the tribal areas of Dungarpur,
Udaipur, and Banswara will witness improved connectivity, and the construction
of bypasses in Sangwara and Garhi will reduce the distance between Dungarpur
and Banswara by 10 km. Thirteen animal underpasses will also be constructed in
the Todgarh Wildlife Sanctuary on the Beawar-Gomti road to safeguard wildlife. During
the event, it was announced that 74 projects under the Central Road Fund (CRF),
with an estimated cost of ₹2250 crore, have been approved for Rajasthan.
10. Indian Naval Air Squadron 324 celebrates first
anniversary at INS Dega: Indian Naval Air Squadron 324 (INAS 324) at INS Dega in
Visakhapatnam celebrated its maiden anniversary. Indian Naval Air Squadron
324 is equipped with indigenous ALH Mk III helicopters. The crew upholds their
motto “Nidruvith Dhrud Veeryvath” – “Faithful, Tenacious, Fearless” Their
deployment significantly enhances maritime surveillance capability and
strengthens coastal security along the east coast. With the inclusion of
removable Medical ICUs, the aircraft also has the ability to provide critical
medical support during emergencies.
INTERNATIONAL UPDATES:
1. The
2023 Global Peace Index released: According to the 2023
Global Peace Index (GPI), released by the Institute for Economics and
Peace, India has ranked 126 out of 163 countries. With an overall score of
2.31, India falls below the global average of 2.314. Iceland has remained
the most peaceful country in the world since the study was first
released in 2008. It measures the state of peace across three domains:
Societal safety and security, Ongoing domestic and international conflict, and
Militarisation
2. Hewlett Packard to manufacture high-end servers in
India: American multinational information technology
company, Hewlett Packard Enterprise (HPE) has partnered
with Indian manufacturer VVDN Technologies to
begin manufacturing some of its high-volume servers in India. This
announcement comes in the wake of the recent Prime Minister Narendra Modi’s
State visit to the US. HPE has partnered with Indian manufacturer VVDN
Technologies to manufacture HPE’s products from its plant in Manesar in
Haryana. The manufacturing operation will support the growing demand from
customers in India and further strengthen and diversify HPE’s global supply
chain. HPE has its largest workforce outside the US in India. HPE’s largest
campus in the world at Mahadevapura in Bengaluru is home to many of HPE’s
worldwide product development resources. More than 4,000 scientists, engineers,
and research teams are based out of HPE’s R&D hub at this campus.
3. Meta to launch ‘Threads’ app: Meta Platforms, the parent company of
the social media platform Facebook, is planning to launch
a microblogging app ‘Threads’, Instagram’s text-based conversation
app. Threads, Instagram’s text-based conversation app and will allow users to
follow the accounts they follow on the photo-sharing platform and keep the same
username. The launch comes after Twitter announced a slate of restrictions on
the app, including the need to be verified in order to use TweetDeck.
4. 6 July – World Zoonoses Day: World Zoonoses Day is observed every
year on July 6 marks the historic milestone of the first
vaccination against a zoonotic disease. Objective – To increase awareness about
zoonotic diseases and their effects on both human and animal health. This day
serves as a crucial reminder of the interconnectedness between humans and
animals and the potential risks of zoonotic diseases like influenza, Ebola and
West Nile virus. Caused by viruses, parasites, bacteria and fungi, these
diseases can lead to serious complications in both humans and animals,
sometimes even resulting in death. The origins of World Zoonoses Day can be
traced back to 1885 when French scientist, Louis Pasteur developed a successful
rabies vaccine. The day was officially recognized and observed on July 6, 2007,
honouring the 100th death anniversary of Louis Pasteur.
OTHER UPDATES:
SPORTS
1. India
win gold in junior mixed team at World Archery Youth C'ship 2023: Indian pair Priyansh and Avneet Kaur won gold in the junior
mixed-team compound event in the final of the World Archery Youth
Championships in Limerick, Ireland. In the final, the Indian pair defeated
Israel 146-144. While India's Manav Jadhav and Aishwarya Sharma also
won a bronze medal after defeating Mexico in the cadet mixed compound
event. The World Archery Youth Championships event is taking place at the
University of Limerick, Ireland from July 3 to 9.
2. Lallianzuala Chhangte wins AIFF Men’s Footballer of
the Year award 2022-23: Indian football team
midfielder Lallianzuala Chhangte has been named the AIFF Men’s
Footballer of the Year for 2022-23. He beat Nandhakumar Sekar and Naorem Mahesh
Singh of East Bengal to win the award. While Manisha Kalyan won her second
consecutive Women’s Footballer of the Year award.
· AIFF Men’s Coach of the Year award – Clifford Miranda
· AIFF Women’s Coach of the Year – Priya Parathi Valappil
· AIFF Men’s Emerging Footballer of the Year 2022-23- Akash Mishra
· AIFF Women’s Emerging Footballer of the Year 2022-23- Shilji Shaji
· AIFF President- Kalyan Chaubey
BANKING AND FINANCE
1. RBI
panel recommends measures for internationalization of rupee: RBI's working group has recommended the inclusion of the rupee in
the Special Drawing Rights (SDR) basket and recalibration of the foreign
portfolio investor (FPI) regime to accelerate the pace of internationalization
of the rupee. The recommendations by an Inter-Departmental Group (IDG),
headed by RBI Executive Director Radha Shyam Ratho. The group was constituted
by RBI Deputy Governor T Rabi Sankar to review the position of the rupee as an
international currency.
2. Global
e-commerce transactions expected to hit $8.5 trillion by 2026: As per the Global Payments Report 2023, by FIS, the global
e-commerce market is expected to grow at a compound annual growth rate of 9%
during 2022-26 with transaction value rising to over $8.5 trillion in 2026
During 2021-22, all regions except Europe saw double-digit growth with the
highest growth of 21% in the Middle East and Africa Of the 40 markets, 37 saw
double-digit YoY growth from 2021 to 2022. The report predicts a mid-teens CAGR
in the regions through 2026.
3. RBI
cancels licenses of two co-operative banks:
The Reserve Bank of India (RBI) has canceled the banking
licenses of two cooperative banks in Maharashtra and Karnataka. The
licenses of Malkapur Urban Co-operative Bank Ltd, Buldhana, and Shushruti Souharda
Sahakara Bank Niyamita, Bengaluru have been canceled. The two cooperative
banks ceased to carry on banking business with effect from the close of
business on July 5. These banks did not have adequate capital and earning
prospects.
4. FDI
in developing countries stood at $662billion in 2022: UNCTAD: According to UNCTAD’s World Investment Report
2023, FDI in developing countries in Asia remained flat at $662 billion
during 2022, as compared to the previous year. During 2022, FDI inflows to
India rose by 10% on an annual basis to $49 billion, while China
registered a 5% yearly growth to $189 billion. Overall global FDI declined by
12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep
drop induced by the coronavirus pandemic in 2020.
5. Bank of India becomes first bank to offer Mahila Samman Savings Certificate: Bank of India has become the first bank to officially roll out Mahila Samman Savings Certificate (MSSC) scheme. The account will mature after two years from the date of opening. Accounts under this scheme can be opened until March 31, 2025. The scheme offers an interest rate of 7.5% per annum, compounded quarterly. Individual girls or women can open an account under the Mahila Samman Savings Certificate scheme or a guardian can open an account on behalf of a minor girl
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