The World Bank announced a $750 million MSME Emergency Response program to support increased flow of finance to MSMEs, severely impacted by the COVID-19 crisis. This will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs.
World Bank Country Director in India- Junaid Ahmad.
India & Bangladesh signed an agreement for the formation of a 50:50 JVC for LPG business in Bangladesh. It was signed between the IOC Middle East FZE, Dubai, a wholly owned subsidiary of Indian Oil Corporation and RR Holdings Ltd., Ras Al Khaimah, UAE.
RR Holdings is the holding company of Beximco LPG of Bangladesh.
President Vladimir Putin has won a resounding victory in his bid to stay in power until the middle of the next decade- 2036, as Russians voted overwhelmingly to endorse the country's political status quo, according to preliminary results.
Russia Capital- Moscow, Currency- Rouble.
Siddhartha Mukherjee and Raj Chetty, who have contributed towards the efforts in mitigating the COVID-19 health crisis are among the 38 immigrants honoured by a prestigious American foundation ahead of US Independence Day commemoration this year.
America celebrates its Independence Day on July 4.
Senior diplomat Indra Mani Pandey has been appointed as the next Ambassador and Permanent Representative of India to the United Nations and other International Organisations in Geneva. Pandey is presently additional secretary in the External Affairs minist
The UN is an international organization founded in 1945.
Government-owned Power Finance Corporation (PFC), India's leading NBFC, today announced the appointment of Smt Parminder Chopra as Director (Finance) of the company. She succeeds Shri N.B. Gupta, who superannuated on June 30, 2020.
PFC Headquarters- New Delhi, CMD- Ravinder Singh Dhillon.
The Board of Axis Bank has approved the appointment of T.C. Suseel Kumar, Managing Director- Life Insurance Corporation of India, Promoter of the Bank, as the Additional Non-Executive (Nominee) Director of the Bank, with effect from 1 July 2020.
Axis Bank HQ- Mumbai, MD & CEO- Amitabh Chaudhry.
Uttar Pradesh Governor Anandiben Patel took oath as governor of Madhya Pradesh at a ceremony at Raj Bhawan in Bhopal. Ms Patel was given additional charge as Madhya Pradesh governor following the illness of incumbent governor Lalji Tandon.
Chief Justice Ajay Kumar Mittal administered the oath of office.
Government launched the Special Liquidity Scheme of Rs 30, 000 Cr to improve the liquidity position for Non-Banking Finance Companies- NBFCs and Housing Finance Companies- HFCs. The scheme was launched through a Special Purpose Vehicle set up by SBICAP.
SBICAP- SBI Capital Markets Limited.
A total of 70.32 lakh Kisan Credit Cards have been sanctioned with credit limit of 62,870 crore rupees out of 2 lakh crore rupees concessional credit under the ‘Aatmanirbhar package’. These cards have been sanctioned till 30th of last month.
KCC scheme was launched in the year, 1998 by banks in India.
The Central Drug Standard Control Organisation has granted approval to Bharat Biotech India to conduct human clinical trials for Corona Vaccine called ‘Covaxin’. The company said that it is the first indigenous COVID-19 vaccine to receive the approval.
Bharat Biotech Chairman & MD- Krishna Ella.
Railway Ministry invited Request for Qualifications for private participation for operation of passenger train services over 109 Origin Destination pairs of routes through introduction of 151 modern Trains. Each Train shall have a minimum of 16 coaches.
Project entails private sector investment of about Rs 30,000 Cr.
Health & Family Welfare minister Harsh Vardhan released the Good Clinical Practice Guidelines Handbook and Prospectus for Fellowship Programme for International Students of National Board of Examinations, along with Sh. Ashwini Kumar Choubey, MoS (Health).
NBE’s flagship DNB Programmes are offered in 82 disciplines.
Union Minister Dr. Jitendra Singh inaugurated 46th Advanced Professional Programme in Public Administration (APPPA) organized by Indian Institute of Public Administration (IIPA) located in New Delhi through video conferencing.
India has 115 Aspirational Districts based on 49 key indicators.
Science and Engineering Research Board has launched a new scheme called Accelerate Vigyan. AV has already called for applications under its ‘ABHYAAS’ component for the Winter Season. SERB is also planning to launch an app for this in the coming 2 months.
The Parliament of India Act in 2009 established SERB.
In Madhya Pradesh, the second expansion of the State Cabinet will take place on 2nd July. The oath taking ceremony will be held at Raj Bhavan. About two dozen Ministers along with many new faces will be administered the oath in this expansion.
MP CM- Shivraj Singh Chouhan, Governor- Anandiben Patel.
World UFO Day observed on 2 July spread awareness about the existence of life outside Earth. It was 1st celebrated in 2001 by World UFO Day Organisation (WUFODO) founder Haktan Akdogan. On 2 July 1947, a UFO had supposedly crashed in Roswell, New Mexico.
UFO- Unidentified Flying Object.
World Sports Journalists Day is celebrated on July 2, to mark the services of sports journalists for the promotion of sports. Day is celebrated to mark the formation of International Sports Press Association at the 1924 Paris Olympics.
AIPS HQ is based in the Olympic capital Lausanne, Switzerland.
The last of the famous three ‘Ws’, Everton Weekes has passed away. The West Indies cricketing great was 95 years old. Weekes played alongside Frank Worrell and Clyde Walcott, with all three of them making their Test debuts in 1948.
After his playing career he became match referee for ICC.
Odia girl Baisali Mohanty who brought laurel to the state winning the prestigious High-Profile Achievement Award as best graduate student at Oxford University, England, has been appointed as the Policy Officer at International Civil Service of UN.
ICSC is headquartered in New York City, USA.
The Kerala government decided to roll out a ‘Dream Kerala Project’ to tap the potential and experience of those returning from abroad and other states after losing their jobs due to the COVID-19 pandemic. Kerala Chief Minister- Pinarayi Vijayan.
In 2018, NRI remittances were Rs 85,000 crore in the state.
Indian Council of Medical Research’s (ICMR) Regional Medical Research Centre (RMRC) in Dibrugarh district of Assam has successfully isolated the SARS-CoV-2 (Covid-19) virus becoming the fourth such facility in the country to achieve the feat.
As per RMRC findings, all strains of SARS-CoV-2 were L-type.
The Centre declared the entire Nagaland as ‘disturbed area’ for a further period of six months till December-end with effect from 30th of June, 2020 in exercise of the powers conferred by Section 3 of the Armed Forces (Special Powers) Act, 1958.
Nagaland Capital- Kohima, Chief Minister- Neiphiu Rio.
The World Trade Organisation (WTO) has agreed to a second request from the European Union for the establishment of a dispute settlement panel to rule on India’s import tariffs on certain information and communication technology (ICT) goods.
WTO HQ– Geneva, Switzerland, Director-General: Roberto Azevedo.
New Zealand cancelled its plans to host Asia-Pacific Economic Cooperation forum in Auckland on 2021 because of the coronavirus, opting instead to lead a virtual summit. 21 APEC members include US, China, Japan, South Korea, Mexico, Indonesia, & Hong Kong.
This year Malaysia has been hosting virtual APEC meetings.
Uganda has become the 1st African country to submit results for Reducing emissions from deforestation & forest degradation to UNFCCC. REDD+ is a mechanism developed by the parties to the UNFCCC to reduce emissions from deforestation and forest degradation.
UNFCC Headquarters- Bonn, Germany.
German technology firm SAP India launched the Global Bharat program, designed to enable Indian MSMEs become globally competitive by equipping them with digital technologies in association with NASSCOM, UNDP and Pratham InfoTech Foundation.
SAP India is located in Bengaluru, Karnataka.
Shrikant Madhav Vaidya took charge as the Chairman of IOC. Prior to his elevation, Vaidya was the Director (Refineries) on the IOC Board, since October 2019. He succeeds Sanjiv Singh, who has superannuated from the services of the Corporation on June 30.
IOC Registered Office- Mumbai, Corporate Office-New Delhi.
Ravinder Bhakar, a 1999 batch officer of IRSS, has taken over as the Chief Executive Officer of Central Board of Films Certification. Prior to his appointment as CEO, Bhakar was posted as the Secretary & Chief Public Relations Officer of Western Railways.
CBFC HQ- Mumbai, Chairperson- Prasoon Joshi.
India all-rounder Ravindra Jadeja was named as the country’s ‘Most Valuable Player’ (MVP) of the 21st century by Wisden. Wisden used CricViz, a detailed analysis tool in cricket to analyse his performance. Jadeja’s MVP rating was an astounding 97.3.
BCCI President- Sourav Ganguly, HQ- Mumbai.
