The World Bank projected India’s economy to grow at 8.3 percent in 2021 and 7.5 percent in 2022, even as its recovery is being hampered by an unprecedented second wave of the COVID-19, the largest outbreak in the world since the beginning of the deadly pandemic.
According to World Bank report, the global economy is set to expand by 5.6 percent in 2021.
Global Economic Prospects published by World Bank.
Tsitsi Dangarembga, the Booker-shortlisted Zimbabwean writer who was arrested last year in Harare while protesting against corruption, has been awarded the PEN Pinter prize, praised for her “ability to capture and communicate vital truths even amidst times of upheaval”. The prize is given by free speech campaigners English PEN in memory of the Nobel laureate Harold Pinter.
Foreign minister of the Maldives Abdulla Shahid was elected as the President of the 76th United Nations General Assembly with an overwhelming three-fourth majority, with143 in favour, 48 against and no abstentions and no invalid votes.This is a post held on an annual basis, rotated amongst various regional groupings.The 76th session (2021-22) is the turn of the Asia-Pacific
First time that the Maldives is occupying the office of the UNGA President.
France will make a direct contribution of 1 million euros to the International Solar Alliance.
The amount is expected to benefit the ISA’s flagship programme, STAR-C (Solar Technology Application Resource Centre) “which provides capacity building and training activities on all aspects of solar energy development.
France President: Emmanuel Macron;
Capital: Paris;
Currency:Euro
Dr Vinay K Nandicoori has been appointed as the new director of the CSIR-Centre for Cellular and Molecular Biology (CCMB), Hyderabad. He is a well-known molecular biologist, & has been a scientist at the DBT-National Institute of Immunology, New Delhi. Dr Nandicoori’s research interest extensively spans molecular signalling networks in Mycobacterium tuberculosis (causes TB)
Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy announced a major shift in his government's liquor policy, moving away from prohibition (nishedham) to restriction (niyantrana).
The government has escrowed revenue from liquor sales and borrowed more than Rs 10,000 crore from various banks, the policy has ostensibly been changed from prohibition to restriction.
Capitals:- Vishakpatnam (Executive), Amaravati (legislative),Kurnool (judicial)
International Financial Services Centres Authority (IFSCA) constituted panel on variable capital company submitted its report with a recommendation to adopt a VCC-like legal structure for conducting fund management activity in IFSCs.
The panel headed by former Skill Development Secretary K P Krishnan examined the feasibility and suitability of the variable capital company.
IFSCA chairman: Injeti Srinivas
Government has launched an artificial intelligence based X-Ray Setu which can be operated through WhatsApp. For this project, the government plans to onboard 10,000 doctors in small towns where RT-PCR and CT Scans are not available for COVID detection.
This is going to be an important tool for rural doctors who are struggling to source equipment for covid detection.
The government has partnered with non-profit organisation Artpark & Niramai for the same.
Social media platform Facebook named Spoorthi Priya as its grievance officer for India. This move comes close on the heels of the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, coming into force last month.
WhatsApp, Facebook, and Google had shared information on their compliance officer
The Punjab government on the occasion of International Menstrual Hygiene Day (28 May) launched a scheme to provide free sanitary napkins to needy girls and women across the state.
An amount of Rs 40.55 crore per annum will be incurred on the scheme, called 'Udaan'.The new scheme would cover school drop-outs, out-of-school girls, young women not attending college , etc.
Karnataka Industrial Area Development Board (KIADB) has signed a Memorandum of Understanding (MoU) with HDFC Bank to provide a wide range of financial products and services to its customers.
As part of the MoU, HDFC Bank will provide a wide range of financial products and services to its customers through an extensive network of branches across the country.
Former Uttar Pradesh-cadre Indian Administrative Services (IAS) officer Anup Chandra Pandey has been appointed as an election commissioner.
While Sushil Chandra is the Chief Election Commissioner, Rajiv Kumar is the other election commissioner.
The Election Commission of India is a constitutional body.
Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan presided over a virtual ceremony in which a number of initiatives were launched to provide a major fillip to the SATAT initiative.
This included signing of a Cooperation Agreement by Oil and Gas majors including IndianOil, HPCL, BPCL, GAIL and IGL, for the promotion and development of the SATAT.
SATAT:- Sustainable Alternative Towards Affordable Transportation scheme