Latest Current Affairs For July, 2023

India-US launched ‘Operation Broader Sword’

India and the USA, jointly conducted an ‘Operation Broader Sword’ to stop the illegal shipment of drugs through the International Mail System.

It targeted shipments of illicit, potentially dangerous, unapproved prescription drugs, combination medical devices, and synthetic drug precursors shipped through International Mail Facilities.

The operation resulted in the interception of over 500 shipments of illicit and unapproved prescription drugs bound for US consumers.

NLU Delhi launches research affiliate program ‘Eklavya’

The National Law University (NLU), Delhi launched Eklavya, a ‘Research Affiliate’ program, for those who do not have a traditional law degree.

Aim: To emphasize its commitment to actively seek partnerships outside the varsity and draw from their experiences and perspectives to develop quality legal scholarship. 

It is open to those who have at least three years of demonstrable experience working on issues that have a significant interface with the law.

CarTrade Tech to acquire OLX India's auto business for Rs 537 cr

Mumbai-based used cars platform CarTrade Tech Ltd will acquire online marketplace OLX India's auto sales business for Rs 537 crore.

CarTrade will acquire a 100% stake in Sobek Auto India Pvt Ltd, the entity that houses OLX India’s Automotive business, in an all-cash deal.

The acquisition will likely to be completed in 21-30 days.

Sobek is a company incorporated under the Companies Act, of 2013.

It is engaged in the business of running an automotive digital platform.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

Performance Grading Index for Districts (PGI-D)

The Department of School Education and Literacy released the Performance Grading Index for Districts (PGI-D) combined report for 2020-21 and 2021-22.

This report assesses the performance of the school education system at the district level by creating an index for comprehensive analysis.

Highest grade: Daksh (scoring more than 90% of the total points in that category or overall)

Lowest grade: Akanshi-3 (Scores upto 10% of the total points)

Inaugural session of third G20 CWG meeting of Culture organized in Hampi

The inaugural session of the third G20 Culture Working Group (CWG) meeting was organized in Hampi, Karnataka.

Union Minister of Parliamentary Affairs, Pralhad Joshi addressed the session.

Four priority areas:

Protection and restitution of cultural property. 

Harnessing living heritage for a sustainable future. 

Promotion of cultural and creative industries and creative economy. 

Leveraging digital technologies for the protection and promotion of culture. 

Forex reserves rise by $1.85 billion to $595.05 billion

According to the RBI, India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, 2023.

The overall reserve had dropped by $2.901 billion to $593.198 billion in the previous reporting week.

In October 2021, the country's forex reserve had reached an all-time high of $645 billion.

The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

India, Tanzania begin trade settlements in local currencies

External Affairs Minister S Jaishankar informed that India and Tanzania have started trade settlements in local currencies.

This new initiative will help in promoting commerce between the two countries.

India-Tanzania bilateral trade has seen very strong growth and stood at USD 6.4 billion in 2022-23.

Bank of India, Bank of Baroda, and Canara Bank have operations in Tanzania.

About 18 countries have already opened special vostro accounts with Indian banks.

Centre adding more services to Ayushman Bharat-Health and Wellness Centres

Ayushman Bharat-Health and Wellness Centres (AB-HWCs) programme of India has grown to more than 1.60 lakh centres and registered a footfall of over 178.87 crore (as of June end).

The government will add more services including screening, prevention, control, etc. by August-end.

The essential list of medicines and diagnostics has been expanded to make available 171 medicines at Primary HWCs and 105 at Secondary Health Care-HWC and 63 diagnostics at PHC-HWC.

NSDL files DRHP with SEBI for IPO

India’s largest depository, National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an IPO.

The IPO will see IDBI Bank, NSE, SBI, HDFC Bank, and Union Bank of India paring stakes.

IDBI Bank and National Stock Exchange (NSE) hold 26% and 24% stakes in the company, respectively.

SBI (5%), Union Bank of India (2.8%), and Canara Bank (2.3%) are other key stakeholders.

National Fish Farmer’s Day 2023: 10th July

India observed the National Fish Farmer’s Day on July 10 annually to commemorate the contribution of eminent fisheries scientist professor Hiralal Chaudhary and his colleague Alikunhi.

On July 10, 1957, they successfully achieved the induced breeding of Indian Major Carps in the country, at Angul in Odisha.

This is celebrated to highlight and encourage the dedicated supremacy of fish farmers.

Aim: To excel in delivering employment chances in this sector. 

Parth Salunkhe wins Youth World Championship 2023 in recurve category

Parth Salunkhe became the first male archer to win a gold in the recurve category at the Youth World Championships 2023.

He defeated a Korean in the Under-21 men's recurve individual final, in Limerick, Ireland.

He hailed from Satara in Maharashtra.

With this medal, India finished with their highest-ever tally of 11 medals including six gold, one silver, and four bronze.

Of the 11 medals India won, six were bagged in the U21 category - four gold and two bronze.

NHB operationalises ₹10,000-crore Urban Infrastructure Development Fund

National Housing Bank (NHB) has operationalized the Urban Infrastructure Development Fund (UIDF) with an initial corpus of Rs 10,000 crore.

Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced the setting up of the UIDF through the use of priority sector lending shortfall for the creation of urban infrastructure in Tier 2 and Tier 3 cities.

The interest rate on UIDF loans has been kept at Bank Rate minus 1.5%, i.e., 5.25% (at present).

Lakshya Sen clinches Men’s Singles Canada Open Badminton title 2023

Indian shuttler Lakshya Sen (world number 19) has clinched Men’s Singles title of the Canada Open 2023 badminton tournament in Calgary, Canada.

In the final, he defeated Li Shi Feng of China 21-18, 22-20.

In the second set he was down four game points but saved all and ended up winning the game in straight sets.

This is the first BWF World Tour title of Commonwealth Games champion Lakshya Sen after almost a year.

Atal Innovation Mission launches ‘ATL Industry Visit’

The Atal Innovation Mission (AIM) in collaboration with Bayer launched a unique industry visit initiative under Atal Tinkering labs in Vapi, Gujarat.

Aim: To introduce students to the latest manufacturing techniques and technologies used in industry. 

Bayer has partnered with Niti Aayog since 2021 to support various initiatives of the AIM.

Bayer has adopted a total of 125 ATL schools in seven states to nurture and strengthen science-based learning.

National Water Mission Inks Pact with Indian Plumbing Association

A Memorandum of Understanding (MoU) was signed between Bureau of Water Use Efficiency (BWUE), National Water Mission (NWM), Ministry of Jal Shakti and Indian Plumbing Association (IPA).

Reason: For a Water Positive India by awareness creation & promotion of rain water harvesting structures, low flow fixtures & sanitary ware, treatment of grey & black water, water audit of built environment. 

Urban 20 (U20) Mayoral Summit inaugurated in Gandhinagar

The Urban 20 (U20) Mayoral Summit was inaugurated by Bhupendrabhai Patel (Chief Minister of Gujarat) and Kaushal Kishore (Minister of State for Housing and Urban Affairs) in Gandhinagar.

Gujarat CM highlighted forward-looking urban initiatives being implemented in the State.

While Kaushal Kishore highlighted the policies and programs initiated by the Government to promote green development, including the LIFE mission, promotion of renewable energy, etc.

SEBI updates rules to ease the debt securities issuers disclosure structure

The Securities and Exchange Board of India (SEBI) released regulations for the introduction of general information and important information document concepts.

Aim: To prevent debt securities issuers from filing numerous copies of the same document. 

At the time of the initial offering, a General Information Document (GID) including the details and disclosures listed in the common schedule will be lodged with the stock exchanges.

Ministry of Education releases report on Performance Grading Index 2.0

Ministry of Education has released the Performance Grading Index (PGI) for States and UTs which assesses the performance of the school education system at the State/UT level by creating an index for comprehensive analysis.

The PGI - States/UTs was first released for the year 2017-18 and so far, has been released up to the year 2020-21.

The new PGI structure covers 73 indicators and focuses on qualitative assessment including digital initiatives and teacher education.

MoD & HAL sign a contract to upgrade Dornier Aircraft for ICG

The Ministry of Defence signed a contract with Hindustan Aeronautics Limited (HAL) for the procurement of two Dornier Aircraft for the Indian Coast Guard (ICG) along with an associated Engineering Support package at an overall cost of Rs 458.87 crore.

The aircraft will be procured under the Buy (Indian) Category.

The Dornier aircraft are being indigenously manufactured at HAL, Kanpur, and will significantly contribute to achieving Aatmanirbharta in defense.

NLC India Ltd bags GeM Award in "Timely Payments (CPSEs)" Category

NLC India Limited, a Navratna company under the Ministry of Coal,  bagged the GeM award in the category "Timely Payments (CPSEs)" for the year 2023.

Reason: For its outstanding contribution to improving the reliability of e-market practices in line with the vision of GeM. 

NLCIL registered and on-boarded in GeM portal in the year 2017.

GeM is a dedicated e-Market service platform for marketing different goods and services.

Karnataka government announced Budget for 2023-24

Karnataka's CM Siddaramaiah has unveiled the budget for the fiscal year 2023-24 and has introduced a notable provision.

The budget now includes a provision for life and accident insurance, offering coverage of 4 lahks to e-commerce delivery personnel.

The government recognized the need to establish a social security net to support these workers.

The government will provide additional financial aid of ₹4,000 to ₹5,000 a month to each household.

India & Panama Sign MoU on Electoral Cooperation

The Election Commission of India and the Electoral Tribunal (ET) of Panama signed an MoU to establish the institutional framework for their ongoing cooperation in the field of election management and administration.

ECI has already signed MoUs with Mexico, Brazil, and Chile to expand its links and cooperation with foreign Election Management Bodies (EMBs) through its ‘International Cooperation Programme’.

This is the fourth MoU signed by ECI in the Latin Americas region. 

Belgian tennis player Justine Henin receives the Philippe Chatrier Award

The International Tennis Federation (ITF) awarded the highest honor, ' Philippe Chatrier Award 2023', to Belgian tennis player Justine Henin.

She has won seven Grand Slam singles titles and an Olympic gold medal and won the Fed Cup (Billie Jean King Cup) in 2001.

The award was named after the former ITF president and was introduced in 1996.

This award recognizes people who have made significant contributions to the sport on and off the court.

J&K launches India’s first chatbot for people in mental distress

India’s first Tele-MANAS (Tele Mental Health Assistance and Networking Across States) chatbot was launched in Jammu & Kashmir on July 5, 2023.

The service was launched by J&K LG Manoj Sinha.

This chatbot will start an instant conversation with people in distress.

Tele-MANAS is a two-tier system - Tier 1 comprises State Tele MANAS cells and Tier 2 comprises specialists at District Mental Health Programme /Medical College resources for physical consultation.

Odisha announces state forest rights scheme

Odisha government has launched the ‘Mo Jungle Jami Yojana’ to saturate recognition of rights pertaining to the Forest Rights Act (FRA) and speed up the post-rights recognition activities within the prescribed time frame.

Under the scheme, designed by the ST & SC Development department, it has been decided to constitute forest rights cells at the tehsil and district level with human resources to ensure and assist in the effective implementation of FRA, 2006.

Flipkart, Axis Bank tie-up to offer upto Rs 5 lakh in lending to customers

Flipkart has joined hands with Axis Bank to offer loans for up to Rs 5 lakh to customers.

The lending service is accessible through Flipkart's app and boasts a 30-second approval time while removing the need for document submission.

By introducing personal loans, Flipkart is expanding its range of financial services, which already includes a 'buy now, pay later' option, EMI payments, and a co-branded credit card.

It will empower consumers to make big-ticket purchases.

FPSB India appoints Krishan Mishra as new CEO

The Financial Planning Standards Board (FPSB) of India has appointed Krishan Mishra as Chief Executive Officer (CEO), effective 1 August 2023.

He will lead the strategy and operations of FPSB India and champion the advancement of the financial planning profession in India.

FPSB is the global standards-setting body for the financial planning profession and owner of the international Certified Financial Planner (CFP) certification program.

Tamim Iqbal announces retirement from international cricket

Bangladesh one-day captain Tamim Iqbal has announced his retirement from international cricket before the team begins its ODI World Cup campaign in India.

He played 70 Test matches for Bangladesh scoring 5134 runs at an average of 38.89 with 10 tons to his name.

As far as the ODIs is concerned, he played 241 matches amassing 8313 runs at an average of 36.62 with 14 centuries and 56 half-centuries.

He last played in the format in April against Ireland.

India’s first Vedic-themed park unveiled in Noida

India’s first Vedic-themed park has been opened to the public at Sector 78, Noida, inaugurated by Uttar Pradesh CM Yogi Adityanath.

This park is also known as Ved Van Park.

It will also highlight excerpts from the four Vedic literature pieces- Rig Veda, Atharva Veda, Yajur Veda, and Sama Veda- via laser shows, wall paintings, and sculptures.

The place is home to over 50,000 plants, such as banyan, kalpavriksha, and coconut, which have been mentioned in Vedic literature.

PNB launches its virtual branch in the Metaverse

Punjab National Bank (PNB) has launched its virtual branch, PNB Metaverse.

It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers.

With the help of this, customers can explore the bank's products and services such as bank deposits, retail/MSME loans, digital products, women/senior citizens, 'Do It Yourself', and government flagship schemes.

The bank will offer an immersive 3D experience to the customers.

Artist Namboothiri, iconic illustrator passes away

K M Vasudevan Namboothiri, who was popularly known as Artist Namboothiri, passed away at Kottakkal in Malappuram district.

His iconic illustrations gave life to many mythical characters in Malayalam literature.

He inspired a golden era of painting and sculpture in Kerala through his unique three-dimensional sketches.

He had received many honors like Kerala Lalita Kala Akademi's Raja Ravi Varma Award and the State Institute of Children's Literature award.

India and Singapore signed a Protocol Document

The Department of Administrative Reforms and Public Grievances under the Ministry of Personnel and the Public Service Division of the Republic of Singapore signed a Protocol Document.

Reason: To extend the current MoU on Cooperation in the field of Personnel Management and Public Administration till 2028. 

The MoU aims at strengthening the partnership between the two countries through various forms of cooperation between both countries’ Public Service officers.

7th edition of SALVEX exercise conducted in Kochi

The Seventh edition of the Indian Navy and US Navy Salvage and Explosive Ordnance Disposal Eexercise, SALVEX was conducted from 26 Jun – 06 Jul 23 at Kochi.

Both the navies have participated with their ships – INS Nireekshak and USNS Salvor in addition to Specialist Diving and EOD teams.

Aim: To enhance the skill sets of the Diving teams in a number of diverse disciplines such as mine detection and neutralization, wreck location, and salvage.

Bihar overtakes Tamil Nadu to become India's largest MFI market

According to a report, published by Crif High Mark, Bihar has overtaken Tamil Nadu to become the state with the highest microlending borrowings in India as of March 2023.

It highlighted Bihar's impressive growth with a 13.5% increase in the gross lending portfolio during the March quarter compared to the previous quarter.

NBFC holds the largest share in the market (37.3% of the overall MFI loans), while Banks at 33.1% and small finance banks at 16.6%. 

IIT Madras becomes first ever IIT to be set up outside India in Tanzania

Recently, the Ministry of External Affairs signed an MoU with the IIT Madras and the Ministry of Education and Vocational Training Zanzibar (Tanzania) to set up the first-ever IIT campus outside India.

It was signed in the presence of External Affairs Minister S Jaishankar and Zanzibar's President Hussein Ali Mwinyi.

The National Education Policy 2020 recommends that high-performing Indian universities will be encouraged to set up campuses in other countries.

Justice Sheo Kumar Singh appointed as acting chairperson of NGT

The Central government has appointed Justice Sheo Kumar Singh as Acting Chairperson of the National Green Tribunal (NGT), till further order.

He has replaced Justice Adarsh Kumar Goel, who retired on July 6, 2023.

He was appointed as Judicial Member of the NGT on March 11, 2020.

He worked as a district judge in various districts of Uttar Pradesh (UP), as Registrar (Judicial) at the Supreme Court of India, and as Registrar General, Allahabad High Court.

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. 

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.

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.

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.

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.

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.

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. 

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.

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.

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.

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.

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.

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.

Lt Gen MU Nair appointed as the Head of National Cyber Coordination Centre

Lt Gen MU Nair has been appointed as the Head of the National Cyber Coordination Centre, after replacing Lt Gen (ret.) Dr. Rajesh Pant.

Additionally, he has served as the additional director general, head of signal intelligence, chief of staff of a corps, and command. 

Previously, Lt Gen Nair served as Army Headquarters' chief signal officer. 

He is a distinguished National Defence Academy alumni. 

Nair has extensive knowledge of both domestic and international communication. 

ICFA, RAKEZ signs MoU to enhance food and agriculture collaboration

Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) have signed a Memorandum of Understanding.

Aim: To promote mutual growth and development in the food and agriculture sectors of the UAE and India. 

The agreement strengthens the strategic collaboration between the two countries.

The partnership aims to facilitate knowledge exchange, trade promotion, investment, and research and development collaboration.

Meesho collaborates with IISc's lab for research in generative AI

Softbank-backed e-commerce platform Meesho has signed a memorandum of understanding with the Vision & AI Lab of the Indian Institute of Science for one year.

Aim: To collaborate in the area of generative artificial intelligence. 

The goal of this partnership is to foster innovation in generative artificial intelligence and multimodal large language models in the e-commerce industry, thus enhancing user experience.

China's Qu-Dongyu re-elected as head of FAO

China's QU Dongyu has been re-elected as Director-General of the Food and Agriculture Organization of the United Nations (FAO) for a second term.

In the ballot of FAO member countries, Qu received a total of 168 out of 182 votes deposited.

His new term will run from 1 August 2023 to 31 July 2027.

He was elected as FAO Director-General for the first time in 2019.

Under the leadership of QU, the World Food Forum (WFF) was created in 2021.

Indian Overseas Bank unveils RuPay Select Debit card, luxury benefits

Indian Overseas Bank (IOB) has launched a new RuPay Select Debit card, to provide luxury, convenience, and security, all in one card.

Eligibility Criteria:

One is required to have a savings account or a certificate of deposit with IOB. 

Maintaining an average daily balance of ₹ 1 lakh. 

The cash withdrawal limit is set to ₹50,000.

The daily limit for usage in merchant establishments (PoS) is set at ₹ five lakh.

Daily usage limit in e-commerce platforms: up to ₹3,50,000. 

PM Modi inaugurates Sai Hira Global Convention Centre in Andhra Pradesh

PM Narendra Modi has inaugurated the Sai Hira Global Convention Centre in Puttaparthi in Satya Sai district in Andhra Pradesh via video conferencing.

The inauguration witnessed the presence of prominent dignitaries and devotees from around the world.

The Sri Sathya Sai Central Trust has constructed a new facility at Prasanthi Nilayam, Puttaparthi.

Prasanthi Nilayam is the main ashram of Sri Sathya Sai Baba.

The Convention Centre was donated by philanthropist Ryuko Hira. 

Iran becomes a new permanent member of SCO

Iran has become the new permanent member of the Shanghai Cooperation Organisation (SCO) at an India-hosted virtual summit of the grouping.

With the addition of Iran as a new member, the total membership of the SCO reaches nine.

The SCO was founded at a summit in Shanghai in 2001 by the presidents of Russia, China, the Kyrgyz Republic, Kazakhstan, Tajikistan, and Uzbekistan.

India and Pakistan became permanent members of SCO in 2017.

SCO headquarters: Beijing, China. 

Government launched the Bharat 6G Alliance

The Department of Telecommunications has launched Bharat 6G Alliance (B6GA) to drive innovation and collaboration in next-generation wireless technology.

Bharat 6G Alliance (B6GA) is a collaborative platform consisting of public and private companies, academia, research institutions, and standards development organizations.

The website for Bharat6G Alliance has been also launched.

Bharat 6G Alliance will forge coalitions and synergies with other 6G Global Alliances.

Govt organising international conference on green hydrogen ecosystem

Union Power Minister R. K. Singh has inaugurated the International Conference on Green Hydrogen 2023, which is being organized in New Delhi from 5-7 July 2023.

Aim: To discuss recent advances and emerging technologies in the entire green hydrogen value chain. 

It is being organized by the Ministry of New and Renewable Energy, Ministry of Petroleum and Natural Gas, CSIR, and Office of Principal Scientific Advisor to the Government of India in collaboration with CII.

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 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

Senior Men’s Cricket Selection Committee appoints Ajit Agarkar as Chairman

Former Indian cricketer, Ajit Agarkar has been appointed as chairman of the Senior Men’s Cricket Selection Committee.

The Selection Committee now consists of Ajit Agarkar, Shiv Sundar Das, Subroto Banerjee, Salil Ankola, and Sridharan Sharath.

Ajit Agarkar represented India in 26 Tests, 191 ODIs, and four T20Is, in addition to playing 110 first-class, 270 List A, and 62 T20 matches.

He also held the record for being the fastest to reach 50 ODI wickets for a decade.

India beat Kuwait to lift SAFF Championship title for 9th time

India defeated Kuwait 5-4 in the penalty shoot-out to lift the SAFF Championships trophy 2023 held at Sree Kanteerava Stadium in Bengaluru, Karnataka.

India recorded its win for the ninth time in the SAFF Championships trophy.

Goalkeeper Gurpreet Singh turned out as the hero for the Indian side, saving the final kick from the Kuwaiti captain.

In the semi-final, India defeated Lebanon while Kuwait defeated Bangladesh 1-0 in the other last-four clash.

Indian Bank rolls out digital services under 'Project WAVE' initiative

Public sector lender Indian Bank has unveiled new services under its digital transformation initiative 'Project WAVE'.

The bank in collaboration with National E-Governance Services Ltd, has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes.

This move will also reduce the turnaround time of the bank guarantee issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes.

Debadatta Chand takes charge as Bank of Baroda MD

Debadatta Chand assumed charge as Managing Director and Chief Executive Officer of the Bank of Baroda.

He has taken over charge from Sanjiv Chadha, whose tenure ended on June 30, 2023.

Before this role, Chand was serving as the Executive Director at the bank since March 2021.

He was overseeing corporate & institutional credit, corporate & institutional banking, treasury & global markets, mid-corporate business, and trade & foreign exchange.

SpaceX launches European space telescope Euclid to explore ‘dark universe’

SpaceX launched the European Space Agency’s Euclid observatory toward its ultimate destination 1.5 million km away.

This telescope has been named after the ancient Greek mathematician, Euclid.

It will take a month to get there and another two months before it starts its ambitious six-year survey this autumn.

Euclid will measure dark energy and dark matter with unprecedented precision.

It is four meters tall and almost as wide.

State Bank of India launches ‘Transaction Banking Hubs’

State Bank of India launched 34 Transaction Banking Hubs at 21 district centers across the country.

Aim: To provide quick and efficient Transaction Banking solutions to customers. 

Dinesh Khara, the chairman of the SBI, inaugurated the hubs, on the occasion of the 68th foundation day of the bank.

The bank's goal is to meet all customers' needs and provide comprehensive solutions for their transaction, payment, and collection requirements under one roof.

Unsafe WASH behind 395,000 deaths of children under 5 in 2019: WHO report

As per the WHO report, Unsafe drinking water, sanitation, and hygiene (WASH) were responsible for 395,000 deaths among children under the age of five in 2019.

Report title: Burden of Disease Attributable to unsafe drinking water, sanitation, and Hygiene: 2019 Update. 

Out of these, 273,000 deaths are attributed to diarrhea, while 112,000 deaths are from acute respiratory infections.

Half of the world’s population still does not have adequate access to WASH. 

SBI appoints Kameshwar Kodavanti as new CFO

The State Bank of India board has appointed Kameshwar Kodavanti as the new Chief Financial Officer (CFO), effective from July 1, 2023.

He has replaced Charanjit Surinder Singh Attra, who has resigned from his post.

He has an extensive career in banking, with over 31 years of experience at SBI, starting from August 1, 1991.

He brings expertise in banking, forex, finance, and accounting to his new position.

Kodavanti holds the qualification of a Chartered Accountant.

Meta to launch Twitter-like app 'Threads'

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.

It is expected to be released soon 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.

Tamil Nadu regains top spot in electronic exports in India

According to the Exports data, released by the government for FY23 shows that Tamil Nadu ($5.37 billion) has emerged as the top exporter of electronics in India.

As per the data, TN overtook UP and Karnataka to emerge as India's top electronics exporter in March 2023.

Reason: The global giants Foxconn and Pegatron accelerated iPhone exports last year

In FY23, UP placed second in electronics exports, exporting $4.90 billion, and Karnataka third with $4.52 billion.

DAY-NRLM launches Mobile App to Market products made by SHGs women

Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) launched a mobile App named 'eSARAS', which will add to eCommerce initiatives for products made by the SHGs.

Aim: To strengthen the marketing support for products made by women of SHGs

The eSARAS fulfillment center will be managed by the Foundation for Development of Rural Value Chains (a Not for Profit Company constituted jointly by the Ministry of Rural Development and Tata Trust).

The World famous Shravani Mela inaugurated in Deoghar

Shravani Mela 2023 was inaugurated by Jharkhand's Agriculture Minister Badal Patralekh by offering prayers at Baba Baidyanathdham temple in Deoghar, Jharkhand.

He informed that the state government has made adequate arrangements for Kanwariyas to perform the Jal Abhishek puja of Baba Baidyanath.

Shravani Mela is being organized from the 3rd of July to the 7th of September 2023.

Baba Baidyanathdham Temple is one of the 12 Jyotirlingas in the country.

G-20 Research & Innovation Initiative Gathering Summit begins in Mumbai

The G-20 Research and Innovation Initiative Gathering (RIIG) Summit and Research Ministers’ Meeting started in Mumbai on July 4, 2023.

In 2023, a total of 5 RIIG meetings were hosted by India under the theme "Research and Innovation for Equitable Society".

More than 100 foreign delegates including Research Ministers from 29 G-20 members, invited guest countries and international organizations to participate in the meeting.

NADA India, SARADO signs MoU in New Delhi

National Anti-Doping Agency, India (NADA India) has signed an MoU with  South Asia Regional Anti-Doping Organization (SARADO) to increase Regional Cooperation in anti-doping in sports.

The MoU was signed between Ritu Sain (DG & CEO, NADA India) and Mohamed Mahid Shareef (DG, SARADO), in the presence of Minister of Youth Affairs & Sports, Anurag Singh Thakur.

SARADO members include anti-doping organizations from Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka.

India hosts 23rd Summit of Shanghai Cooperation Organization virtually

PM Narendra Modi hosted the 23rd edition of the SCO Summit virtually on July 4, 2023.

Theme 2023: Towards a SECURE SCO

SECURE stands for Security, Economic development, Connectivity, Unity, Respect for sovereignty and territorial integrity, and Environmental protection.

The summit was attended by SCO Members China, Russia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, and Uzbekistan.

Observer States: Iran, Belarus, and Mongolia

Guest of the Chair: Turkmenistan

ICG, Indian Navy, and Indian Port Rail & Ropeway Corporation signed MoU

Indian Coast Guard and Indian Navy signed an MoU with Indian Port Rail & Ropeway Corporation Ltd for the planning, development, construction, and commissioning of a gallery on the theme “Evolution of Indian Navy & Indian Coast Guard”.

The Government of India is building the National Maritime Heritage Complex (NMHC) at the historic Indus Valley civilization region of Lothal (Gujarat) under the aegis of the Ministry of Ports, Shipping, and Waterways. 

Indian wins Gold and Bronze medals at the Asian Squash Mixed Doubles 2023

India's squash players, Dipika Pallikal Karthik and Harinderpal Singh Sandhu, showcased their excellence by clinching the gold medal at the Asian Squash Mixed Doubles Championships in Huangzhou.

India's campaign at the championship saw another shining moment as Anahat Singh and Abhay Singh partnered together to claim a bronze medal.

They faced a tough semifinal battle against Malaysia's Ivan Yuen and Rachel Arnold.

Alan Arkin, Oscar-winning 'Little Miss Sunshine' actor, dies

Alan Arkin, the wry character actor who demonstrated his versatility in comedy and drama as he received four Academy Award nominations and won an Oscar in 2007 for "Little Miss Sunshine," has died.

In recent years he starred opposite Michael Douglas in the Netflix comedy series "The Kominsky Method," a role that earned him two Emmy nominations.

He also directed the film version of Jules Feiffer's 1971 dark comedy "Little Murders".

India's External Debt reaches $624.7 billion in End-March 2023

India's external debt has increased marginally to $624.7 billion annually in end-March 2023, although the debt-GDP ratio declined. 

The external debt increased by $5.6 billion from $619.1 billion at end-March 2022.

Valuation gains due to the appreciation of the US dollar compared to the Indian rupee and major currencies were placed at $20.6 billion.

Excluding the valuation effect, external debt would have increased by $26.2 billion instead of $5.6 billion in March 2023.

Nine Nano Urea plants to be set up across the country by 2025

Chemical Minister Dr. Mansukh Mandaviya has said that the country is aiming to manufacture 44 crore bottles of Nano Urea annually by the year 2025.

He highlighted the merits of Nano Urea saying that the urea absorption rate by crops is 80% in the case of Nano Urea whereas the traditional urea absorption rate is only 30%.

Nano Urea is cost-effective and demonstrated an increase in crop yield.

America and several other countries have evinced interest in Nano Urea.

HM approves release of ₹6,194 crore disaster relief fund to 19 States

Union Home Minister Amit Shah approved the release of Rs 6,194.40 crore to 19 states under the State Disaster Response Fund (SDRF).

The amount includes Rs 1,209.60 crore as a central share of the SDRF to four states (Chhattisgarh, Meghalaya, Telangana, and Uttar Pradesh) for 2022-23.

Rs 4,984.80 crore will also be given to 15 states (Andhra Pradesh, AP Assam, Bihar, Goa, Haryana, HP, Kerala, Maharashtra, Manipur, Meghalaya, Odisha, Punjab, TN, and Tripura). 

International Plastic Bag Free Day 2023: 3rd June

International Plastic Bag Free Day is observed annually on July 3 to raise awareness about the harmful impacts of single-use plastic bags on the environment.

The initiative was started by the Bag Free World campaign, a global movement.

Aim: To reduce the use of single-use plastic bags that inspired other parts of the world to participate in Plastic Bag Free Day. 

There is no specific theme for International Plastic Bag Free Day 2023.

SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities

The State Bank of India (SBI), through its CSR arm SBI Foundation, has pledged a grant of ₹22.5 crore to the Indian Institute of Technology, Bombay (IIT-B).

Reason: To establish a Banking Data and Analytics Hub at IIT-B

The focus of the Hub will be to address the unique challenges faced by the Indian banking and financial services sector.

The collaboration aims to leverage SBI's extensive experience in banking and IIT Bombay's research expertise.

Max Verstappen wins Austrian GP 2023

Red Bull's driver Max Verstappen has clinched the Austrian Grand Prix 2023, held at the Red Bull Ring, Spielberg in Austria.

Ferrari driver, Charles Leclerc has ranked second, while Red Bull's Sergio Pérez placed third in the Austrian Grand Prix 2023.

Previous GP 2023 winners:

Canadian GP: M. Verstappen (Red Bull)

Spanish GP: M. Verstappen (Red Bull)

Monaco GP: M. Verstappen (Red Bull)

Miami GP: M. Verstappen

Azerbaijan GP: S. Pérez (Red Bull). 

HM Amit Shah inaugurates ‘Akshar River Cruise’ on Sabarmati Riverfront

Union Minister for Home and Cooperation Amit Shah has virtually launched the ‘Akshar River Cruise’ on Sabarmati Riverfront.

This cruise was developed by the Ahmedabad Municipal Corporation (AMC) and Sabarmati Riverfront Development Corporation Limited.

It is the first passenger catamaran built in the country under Make in India at a cost of Rs 15 crore with twin engines where 165 passengers can travel safely for one-and-a-half hours. 

Impact: It will boost Gujarat’s tourism