Daily News


Dravid, Ponting, Taylor inducted in ICC Hall of FameDravid, Ponting, Taylor inducted in ICC Hall of Fame

Former India captain Rahul Dravid and Australian legend Ricky Ponting have been inducted into the ICC Cricket Hall of Fame for their stupendous achievements in international cricket.

Retired England woman wicketkeeper-batter Claire Taylor was also named in the 'Hall of Fame'.

Dravid is only the fifth player from India to be inducted in the ICC Hall of Fame.

Ponting is the 25th Australian to get the honour.

Taylor is the seventh woman and the third female player from England to join the greats.

Did you Know

The ICC Cricket Hall of Fame recognises the achievements of the legends of the game from cricket's long and illustrious history.
It was launched by the International Cricket Council (ICC) of Dubai on 2 January 2009, in association with the Federation of International Cricketers' Associations (FICA).
Former Indian skippers Bishan Singh Bedi, Sunil Gavaskar, Kapil Dev (2009) and Anil Kumble (2015) were inducted in the ICC Hall of Fame.


NIIT launches center of excellence in Bengaluru for emerging tech

NIIT Technologies has launched a Center of Excellence (CoE) in Bengaluru.

The centre will focus on emerging technologies in cognitive business process management (BPM) such as artificial intelligence, blockchain and the Internet of Things (IoT).

Digital Process Transformation practice from NIIT Technologies is run by two specialist subsidiaries – Incessant and RuleTek - focusing on platforms like Pega and Appian.

Did you Know

National Institute of Information Technology (NIIT), a BSE-listed technology company that offers learning management and training delivery solutions to corporations, institutions and individuals.
Headquarters of NIIT: Gurugram
CEO: Sapnesh Lalla
Founders: Rajendra Singh Pawar, Vijay K. Thadani


What does the gazette notification on Cauvery scheme say?

The Union Ministry of Water Resources issued a notification for the Cauvery scheme.

As per the gazette notification, the Scheme involves setting up of a Cauvery Water Management Authority (CWMA) and Cauvery Water Regulation Committee (CWRC).

Cauvery Water Management Scheme, 2018:

As per the scheme, the CWMA and the CWRC will decide and implement the sharing of the Cauvery river waters among the riparian States of Karnataka, Kerala and Tamil Nadu and the Union Territory of Puducherry.

The Authority will oversee the storage, apportionment, regulation and control of Cauvery waters, the Committee will monitor the daily water levels, inflows and storage position at major reservoirs storing the Cauvery water.

Did you Know

The CWMA will be headed by the Chairman, a senior and eminent engineer or a Secretary/Additional Secretary-level executive with experience in handling inter-State water disputes.
The Authority will have two whole-time members and six part-time members, including one each nominated from the riparian States.
There will be a Secretary from the Central Water Engineering Services cadre, but without voting rights.
The tenure of the Chairman will be for five years.


Intellectual Property rules stand amended

The Union Ministry of Finance has amended Intellectual Property rules to revoke the power vested with Customs authorities to seize imported products based on complaints of patent infringement.

Ministry made two amendments to the Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007.

Firstly, the Intellectual Property Rights (Imported Goods) Enforcement Amendment Rules, 2018, omits all reference to the Patents Act, 1970.

Another amendment incorporates further conditions that oblige the right-holder to notify the Commissioner of Customs of any amendment, cancellation, suspension or reaction that concern Intellectual Property rights, and require the Customs authorities to accordingly amend, suspend or cancel the corresponding protection provided by them.

Did you Know

Intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce.
Intellectual property is divided into two categories:
Industrial Property: includes patents for inventions, trademarks, industrial designs and geographical indications.
Copyright: covers literary works, films, music, artistic works and architectural design.


NSE signs partnership agreement with Nasdaq

NSE and Nasdaq have signed an agreement.

Nasdaq would deliver a customised real-time clearing, risk management and settlement technology to the NSE.

Nasdaq has also signed an agreement with NSEIT to utilise NSEIT’s capability in implementations and project augmentation globally.

The new post-trade technology will replace NSE’s current clearing and settlement system operated by the National Securities Clearing Corporation Limited (NSCCL), a wholly owned subsidiary of the NSE.

Did you Know

The National Stock Exchange (NSE) of India Limited is the leading stock exchange of India.
Established: 1992
Headquarters: Mumbai
CEO: Vikram Limaye
NASDAQ (National Association of Securities Dealers Automated Quotations)
The Nasdaq Stock Market is an American stock exchange.
It is the second-largest exchange in the world by market capitalization, behind New York Stock Exchange.
Established: 4 February 1971
Headquarters: New York, US
CEO: Adena Friedman


Sri Lanka to move naval unit to China-run Hambantota port

Sri Lanka will move its southern naval headquarters to the Hambantota port which is now leased to China.

The base currently in the tourist district of Galle will be moved 125 km east along Sri Lanka's southern coast to Hambantota, nearer a main shipping route between Asia and Europe.

The $1.5 billion deepwater port play a major role in China's “Belt and Road” initiative and is under a 99-year lease to China Merchants Port Holdings at a cost of $1.12 billion.

Did you Know

Sri Lanka Capital: Colombo
Currency: Sri Lankan rupee
President: Maithripala Sirisena


Ayushman Bharat Yojana under PMRSS Mission to be implemented in MP

The Ayushman Bharat Yojana under the Pradhan Mantri Rashtriya Swasthya Suraksha Mission will be implemented in MP from August 15 this year.

An annual Health Security Cover of 5 lakh rupees will be provided to 84 lakh families under the scheme.

An expenditure of over Rs. 16 hundred crore at the rate of Rs.1200 per family has been estimated.

A MoU has been signed with National Health Agency for the implementation of the scheme.

The benefit of the scheme will be given in cashless form through government and private hospitals.

Did you Know

The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) was announced in 2003 with objectives of correcting regional imbalances in the availability of affordable/ reliable tertiary healthcare services and also to augment facilities for quality medical education in the country.
PMSSY has two components:
(i) Setting up of AIIMS like Institutions
(ii) Upgradation of Government Medical College Institutions.


SC agrees to consider urgent listing of pleas against ‘nikah halala,’ polygamy

SC agreed to consider listing of a batch of petitions challenging the practices of polygamy and ‘nikah halala’ among Muslims.

According to petition- by virtue of the Muslim Personal Law and Section 494 of the Indian Penal Code (marrying again during lifetime of husband or wife) was rendered inapplicable to Muslims and no married woman from the community has the avenue of filing a complaint against her husband for the offence of bigamy.

Did you Know

Nikah halala’ is a practice intended to curb the incidence of divorce, under which a man cannot remarry his former wife without her having to go through the process of marrying someone else, consummating it, getting divorced and observing a separation period called ‘Iddat’ before coming back to him.


2021 census data to be stored electronically

The data collected during the 2021 Census will be stored electronically for the first time.

According to an amended rule notified by the Registrar General of India (RGI)- The schedules and other connected papers shall be disposed of totally or in part by the Director of Census Operations.

Schedules (a tabular form containing details of individuals), carried by enumerators to households, were being stored in a physical form.

The data is preserved for 10 years and then it is destroyed.

Did you Know

Registrar General and Census Commissioner of India: Sailesh Singh
The post of RGCC is usually held by a civil servant holding the rank of Joint Secretary.
Established: 1961
Parent organisation: Ministry of Home Affairs
Headquarters: New Delhi


AMC to be set up for faster resolution of NPAs: Goyal

Independent asset management companies (AMCs) and steering committees will be set up for faster resolution of the non-performing assets (NPAs), or bad loans, of state-run banks.

The panel has recommended the creation of an AMC under the framework of an alternative investment fund (AIF) to deal with NPA cases of more than Rs 500 crore.

Did you Know

An asset management company (AMC) is a company that invests its clients' pooled funds into securities that match declared financial objectives.
AMCs manage mutual funds, hedge funds and pension plans, and these companies earn income by charging service fees or commissions to their clients.