NATIONAL UPDATES:
1. 7th India-Japan Medical Product Regulatory Symposium held at New Delhi: The 7th India-Japan Medical Product Regulatory Symposium, organized by the Central Drugs Standard Control Organization (CDSCO) under the Ministry of Health and Family Welfare, Government of India, was successfully held at the FICCI Convention Hall. The event was conducted in accordance with the Memorandum of Cooperation (MoC) between India and Japan, aimed at fostering collaboration in medical product regulations. The symposium brought together approximately 200 delegates from the Ministry of Health & Family Welfare, India, and the Ministry of Health, Law and Welfare, Japan. Regulatory authorities from CDSCO, India, and PMDA, Japan, along with industry representatives from the Pharmaceutical Sector, Medical Devices Sector, and Biologicals-Biosimilar sector, actively participated in constructive discussions.
2. Raksha Rajya Mantri Sanjay Seth launches GAINS 2024: Raksha Rajya Mantri Shri Sanjay Seth has launched “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024) of Garden Reach Shipbuilders & Engineers Limited (GRSE) in Kolkata. It is an innovative scheme which seeks solution to the problems related to the shipyards and promotes technology development using the start-ups created and nurtured in the country. It encourages and enables MSMEs and Start-Ups to develop innovative solutions for further technological advancement. This initiative is in keeping with the ‘Make in India’ and ‘Start-up India’ policies of the Government of India. GAINS is a unique national scheme to encourage and enable MSMEs and Start-Ups to develop innovative solutions that GRSE may incorporate for further technological advancement.
3. NITI Aayog’s SDG India Index 2023-24: Kerala retains top rank, Bihar worst performer: Uttarakhand and Kerala have emerged as the top performer states in NITI Aayog’s SDG India Index 2023-24, which evaluates the progress of states and union territories on social, economic and environmental parameters. While Bihar has been adjudged as the worst performer. According to the NITI Aayog’s SDG India Index 2023-24, India’s overall Sustainable Development Goal (SDG) score increased to 71 in 2023-24, compared to 66 in 2020-21, supported by significant progress on eliminating poverty, providing decent work, economic growth, climate action and life on land. Among states, Uttarakhand and Kerala have emerged as joint top-performing states with a score of 79, followed by Tamil Nadu (78) and Goa (77).
4. ACC approves appointment of 8 EDs in Public Sector General Insurance Cos: The Appointments Committee of the Cabinet (ACC) has approved the appointment of 8 Executive Directors in Public Sector General Insurance Companies (PGICs). Rashmi Bajpai, currently General Manager (GM) in Oriental Insurance Company Ltd (OICL), has been appointed as Executive Director (ED) in the same Company. Amit Mishra, currently GM of New India Assurance Company Ltd (NIACL), has been appointed as ED in OICL. Hitesh Ramesh Chandra Joshi, currently GM in GIC Re, has been appointed as ED in the same Company. Prasad C.G., currently GM in NIACL, has been appointed as ED in NICL. Sunita Gupta, currently GM in Oriental Insurance Company Ltd (OICL), has been appointed as ED in UIICL.
INTERNATIONAL UPDATES:
1. Lithuanian President Gitanas Nausėda sworn in for second term: Lithuanian President Gitanas Nausėda was sworn in for a second five-year term. The ceremony commenced with a ceremonial event at the Lithuanian Parliament, the Seimas, where Mr. Nauseda took the presidential oath with his hand on the Constitution. On this occasion, the 60-year-old economist, Mr. Nauseda proposed increasing Lithuania’s defense budget to four percent of GDP. This would allow Lithuania to fund long-range air defense, a missile shield for the Baltic Sea coast, and border fortifications.
2. World Population Prospects 2024: UN: The most recent “World Population Prospects 2024” study from the United Nations gives us a lot more information about how many people are expected to live on Earth in the future. According to key findings, the world’s population.
3. India-Taiwan Agreement Boosts Organic Product Trade: The India-Taiwan Mutual Recognition Agreement (MRA) for Organic Products will go into action on July 8, 2024. It is a plan to boost trade between India and Taiwan in the organic products sector.
OTHER UPDATES:
SPORTS
1. Shooter Sabeera Haris wins Bronze in Shotgun Junior World Cup: In Shooting, India’s Sabeera Haris has bagged the bronze medal in women’s trap event at the International Shooting Sport Federation, ISSF Junior World Cup in Porpetto, Italy. Sabeera shot 29 out of 40 targets in the final.
Carey Garrison of the US won the gold, shooting down 40 out of 50 targets. While Sofia Gori of Italy claimed the silver with 39 hits out of the full quota of 50 targets. In the junior women’s trap event, another Indian, Bhavya Tripathi, concluded her campaign in 26th place with a score of 102, while compatriot Rajkuwar Ingle finished in 33rd position with 100 points.
2. James Anderson retires from Test Cricket: James Anderson has bid adieu to Test cricket for England. The veteran speedster has brought down curtains to his celebrated career, which spanned 21 years. The 41-year-old bowler’s illustrious career, spanning an impressive 21 years, came to a close at the very ground where it all began – the iconic Lord’s Cricket Ground in London.
Anderson holds the record for the most wickets taken by a fast-bowler with 704 in 188 Test matches. Anderson’s former compatriot Stuart Broad, who has already retired, remains the only other pacer with over 600 Test scalps, i.e. 604. Anderson has 32 fifers to his name, which is the sixth-most five-wicket hauls in Test cricket history. Muttiah Muralitharan has the most with 67, followed by Sur Richard Hadlee (36), Anil Kumble (35), R Ashwin (36), and Rangana Herath (34). Anderson’s tally also includes three 10-wicket match hauls.
SCIENCE AND TECHNOLOGY
1. NASA’s CHAPEA Project: It is called “Mars Dune Alpha” and is a 1,700-square-foot building made with 3D printing at the Johnson Space Center in Houston, Texas. It has bedrooms, bathrooms, a work area, a robot station, a gym, and a vertical farm.
BANKING AND FINANCE
1. Jio Financial Services gets RBI nod to become core investment company: Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). According to the Reserve Bank of India, a CIC is a specialised NBFC with an minimum asset size of Rs 100 crore. Jio Financial Services is the demerged entity of energy-to-telecom conglomerate Reliance Industries Ltd (RIL). One of the conditions stipulated by RBI is that the CIC holds not less than 90 percent of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies. As a Core Investment Company, Jio Financial Services will primarily focus on investments in and the management of its subsidiaries companies.
2. Punjab National Bank signs pact with SAIL to offer loans: State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter’s employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB’s customer base within the steel sector. A MoU was signed by PNB General Manager – Business Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager – Finance Lavika Jain and SAIL General Manager – HR Bikram Uppal.
3. IMF Agrees to $7 Billion Loan Program for Pakistan: The International Monetary Fund (IMF) and Pakistan reached a deal on July 12, 2024, for a $7 billion loan program that will last for 37 months. The main goal of this Extended Fund Facility program is to help Pakistan.
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