NATIONAL UPDATES:
1. PM Modi address 1st anniversary of the National PM Vishwakarma Scheme: Prime Minister Narendra Modi attended the National PM Vishwakarma Program held in Wardha, Maharashtra to celebrate the first anniversary of the PM Vishwakarma Scheme.PM Modi launched the Central Sector Scheme “PM Vishwakarma” on 17 September 2023 in New Delhi.The Prime Minister also distributed Vishwakarma certificates and loans to the scheme’s beneficiaries.PM Modi also launched the Maharashtra Government’s Acharya Chanakya Skill Development Scheme and the Punyashlok Ahilyadevi Holkar Women Startup Scheme on this occasion.Modi also laid the foundation stone of PM Mega Integrated Textile Regions and Apparel (PM MITRA) Park at Amravati, Maharashtra.
2. India extends USD 50 million budgetary support to Maldives for another year: India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government’s request.At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills (T-bills) issued by the Ministry of Finance of the Maldives for a period of one more year upon the maturity of the previous subscription.This is the second rollover granted by the Indian government this year, following the first rollover of a USD 50 million Treasury Bill in May.Earlier in May 2024, SBI had similarly subscribed a USD 50 mn T-bills under same mechanism, again on the request of the Government of Maldives. These subscriptions have been made at the special request of the Government of Maldives as emergency financial assistance.
3. Muthuswamy Iyer appointed as Chief Compliance Officer of CIFDAQ: CIFDAQ, a leading blockchain ecosystem firm has appointed Muthuswamy Iyer as Chief Compliance Officer (CCO).Muthuswamy brings extensive experience in regulatory compliance and adherence to PMLA guidelines to his new position at CIFDAQ, having worked primarily in the securities market and Web3/blockchain sectors for over 25 years, including pivotal roles at WazirX, Edelweiss Broking Ltd, Karvy Stock Broking Ltd, Angel Broking Ltd, and National Stock Exchange of India Ltd.
Muthuswamy has extensive experience in regulatory compliance, surveillance, and liaising with regulatory bodies. He is well-known for his crisis management abilities and ability to achieve outcomes under duress.
4. Anurag Garg appointed as DG of Narcotics Control Bureau: Anurag Garg has been appointed as the new director general of the Narcotics Control Bureau (NCB).Garg is currently working as an Additional DG in the Border Security Force (BSF) at its headquarters here.Garg is the 1993 batch Indian Police Service officer from the Himachal Pradesh cadre.
INTERNATIONAL UPDATES:
1. Jordan became the first country to eliminate Leprosy: In a historic achievement, Jordan has become the first country to eliminate leprosy, receiving official verification from the World Health Organisation (WHO).This milestone reflects the country’s commitment to eradicating a disease that has plagued humanity for centuries and signifies a major breakthrough in global public health efforts.Jordan’s journey to this remarkable achievement began many years ago with targeted public health campaigns, early detection programs, and free, accessible treatments for all citizens.
2. India to Host World Audio Visual & Entertainment Summit 2025: WAVES will be the first global summit to cover all areas of the media and entertainment industry. The goal is to encourage dialogue, trade partnerships, and innovation among key players in the industry. It will provide a platform where people can discuss ideas, form business collaborations, and explore new trends. The event will bring together industry leaders, stakeholders, and innovators. These participants will share their insights, identify new opportunities, and discuss the challenges the industry is facing, especially as it continues to evolve with new technologies.
3. Quadrilateral Security Dialogue Alliance Strengthens Indo-Pacific Cooperation: The Quadrilateral Security Dialogue (Quad) is an informal group of India, Australia, Japan, and the United States. The main goal of this alliance is to maintain a free and open Indo-Pacific region, ensuring that countries can trade and move freely without restrictions. Formed in 2007, the Quad was revitalized in 2017 to address regional and global issues, especially in response to China’s growing influence.
OTHER UPDATES:
SCIENCE AND TECHNOLOGY
1. ISRO Signs 75 Technology Transfer Agreements With Private Firms: Pawan Goenka, the chairman of IN-SPACe, emphasized the importance of these 75 agreements. He said they will help private firms use space technologies in new and innovative ways. This collaboration is essential for building a strong space economy in India and addressing important societal needs.By signing these Technology Transfer Agreements, ISRO, IN-SPACe, and NSIL aim to create a thriving ecosystem that supports commercial ventures and brings benefits to society. These agreements are expected to boost innovation in various industries and help India become a leader in the global space market.
2. Cabinet Approves Chandrayaan-4, Venus Orbiter Mission: The BAS project focuses on building India’s first space station. This will strengthen the country’s Gaganyaan program (India’s first human spaceflight mission). India plans to launch the first part of the space station, called BAS-1, by 2028, with a full space station ready by 2035. It will orbit 300 to 400 km above Earth and will support astronauts for up to 20 days at a time. The station will be used for scientific research and aims to promote national and international cooperation. The Gaganyaan mission is an important step toward setting up this station. The BAS modules will be launched using India’s GSLV Mk III rocket and highlight India’s growing ability in space exploration.
3. India’s First Astronaut to ISS Set for Ax-4 Mission: Astronauts like Shubhanshu Shukla undergo a lot of preparation before they go into space. Their training covers everything from how to operate spacecraft to handling emergencies and conducting scientific experiments. Shukla will focus on learning how to navigate and dock the spacecraft, as well as how to help with research while staying 14 days on the ISS.During his time on the ISS, Shukla will perform five experiments in microgravity. These experiments will not only help with scientific research but also contribute to India’s future space missions, especially the Gaganyaan program, which aims to send India’s first crewed mission into space.
BANKING AND FINANCE
1. SBI General Insurance joins hand with BLS E-Services to Streamline Access to Insurance Across India: BLS E-Services has tied up with SBI General Insurance to offer a range of insurance products directly to customers across India.This tie up is aimed at broadening access to key insurance offerings, such as ‘Hospicash’, vehicle insurance, personal accident insurance, and shop insurance, leveraging BLS’s extensive network.This collaboration represents a pivotal moment in our journey towards financial inclusion. By bringing insurance products, we are not just facilitating transactions – we are empowering individuals and businesses also to secure their futures with confidence.Chairman of BLS E-Services – Shikhar Aggarwal
2. YES Bank launched PaisaSave Cashback Credit Card: Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with Yes Bank to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.The PaisaSave Credit Card is designed to reward frequent shoppers by offering substantial cashback on everyday purchases, both online and offline, making it a must-have for the value-conscious customers.The PaisaSave Credit Card provides an easy way for customers to save as they spend, especially on online transactions where cashback is accelerated to 3%. Whether shopping on popular e-commerce sites or paying at physical stores, the card ensures consistent savings through its unlimited cashback feature.
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