PM Narendra Modi inaugurated the headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad. It is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities.
The establishment of IN-SPACe was announced in June 2020.
UN Secretary-General Antonio Guterres has appointed senior Indian diplomat Amandeep Singh Gill as his envoy on technology to coordinate programmes for international digital cooperation. Amandeep Singh Gill has been India's permanent representative to the Conference on Disarmament in Geneva from 2016-to 2018.
The country’s factory output (IIP) accelerated by 7.1% in April, against 1.9% in March 2022. According to the Ministry of Statistics and Programme Implementation data, the growth in IIP data during April is led by all the sectors. The manufacturing sector recorded a growth of 6.3%, the mining sector rose by 7.8% and the electricity sector climbed 11.8%.
IIP is an index that details out the growth of various sectors in the economy
Tamil Nadu Chief Minister MK Stalin has instituted a four-member committee to assist the state government in preparing an ordinance to ban online rummy game. The team is led by retired Madras High Court Justice Chanduru.
In a significant initiative, the United Nations General Assembly (UNGA) has adopted an India-sponsored resolution on multilingualism that mentions the Hindi language for the first time.
Hindi @ UN' project was launched in 2018 with an objective to enhance the public outreach of the United Nations in the Hindi language.
The resolution also mentions Bangla and Urdu for the first time.
The rapid economic recovery in India made credit rating agency Fitch revise its outlook on India from negative to stable. It, however, has cut India’s growth forecast for this year to 7.8% due to inflationary impact of the global commodity price. Previously, the agency predicted the growth of 8.5% for the fiscal year 2023. It maintained a rating of BBB- for the country.
Delhi HC appointed former Allahabad High Court judge, Justice Pankaj Naqvi, as administrator to handle day to day affairs of Judo Federation of India. Justice Yashwant Varma also directed that in the interim, the erstwhile President, General Secretary & Treasurer of the Federation shall extend all cooperation to the Administrator in conducting the affairs of the Federation.
Nirmala Sitharaman launched 5th edition of Enhanced Access and Service Excellence-EASE 5.0, which spells out the common reforms agenda for PSBs under EASENext program. EASE 5.0 will focus on digital customer experience, and integrated & inclusive banking. The initiatives will be across diverse themes- business growth, profitability, risk, customer service, operations, etc.
According to the United Nations Conference on Trade and Development, India jumped one position to 7th among the top recipients of foreign direct investment (FDI) in 2021 despite FDI inflows into the country declining. In its World Investment Report UNCTAD said FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding year.
The limits for tier-I and tier-II UCBs have been revised from Rs 30 lakh to Rs 60 lakh and Rs 70 lakh to Rs 1.40 crore, respectively. These limits were last revised for UCBs in 2011 and for RCBs in 2009.
The RBI allowed urban cooperative banks to provide doorstep banking services to meet the needs of customers, especially senior citizens and differently abled persons.
The Reserve Bank of India (RBI) cancelled the banking license of Karnataka-based The Mudhol Co-operative Bank citing inadequate capital situation.The bank is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits.