Eknath Shinde took oath as the new chief minister of Maharashtra at the Raj Bhavan. Devendra Fadnavis was sworn in as the deputy chief minister.
Shinde, served as the urban development minister in the previous Maha Vikas Aghadi government,
Governor Bhagat Singh Koshyari administered the oath of office and secrecy to Shinde (58), and Fadnavis (51).
The oldest commercial bank in the country, State Bank of India, is celebrating its 67th year on 1st July. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India.
The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India which in turn became the SBI in 1955.
The fiscal deficit for first two months of the current fiscal reached over 12 per cent of the Budget Estimate. It is 4 percentage points higher than deficit during the corresponding period of last fiscal. Experts estimate fiscal deficit for the whole year to be higher than the Budget Estimate of 6.4 per cent for FY23.
Andhra Pradesh, Gujarat and Haryana are among the seven states that have been classified as “top achievers” in rolling out the Business Reforms Action Plan (BRAP) for 2020, set by the department for the promotion of industry and internal trade (DPIIT).
It also also categorised Karnataka, Punjab, Tamil Nadu and Telangana as "top achievers".
The World Bank’s Board of Executive Directors approved the establishment of a financial intermediary fund (FIF) that will finance critical investments to strengthen pandemic PPR capacities at national, regional, and global levels, with a focus on low- and middle-income countries.
WHO Director General Dr Tedros Adhanom Ghebreyesus.
World Bank Group President David Malpass.
The FIF will build on the existing global health architecture for PPR.
Report presents a set of good and innovative practices adopted in the implementation of the Take Home Ration value chain by the States and UTs.
Government of India provides Take Home Ration under the Supplementary Nutrition component of the Integrated Child Development Services (ICDS) to fill the gap in nutrition among children as well as pregnant and lactating women (PLW)
World Food Programme is the food-assistance branch of UN based in Italy.
PM Narendra Modi participated in the ‘Udyami Bharat’ programme and launched key initiatives like ‘Raising and Accelerating MSME Performance (RAMP) scheme, Capacity Building of First-Time MSME Exporters (CBFTE) scheme and new features of the Prime Minister’s Employment Generation Programme (PMEGP) to ramp up the MSME sector.
RAMP is Rs 6,062.45-crore World Bank assisted CSS
PM Narendra Modi virtually inaugurated the new smart 'Spark.NXT' campus of Bosch India, a leading supplier of technology and services in Bengaluru.
The Spark.NXT campus will provide inspiring working conditions for associates to focus on the development of user-centric innovations for a better quality of life in India.
Union Railway Minister Ashwini Vaishnaw co-chaired the 14th Joint Committee Meeting from the Indian side to discuss and decide on all important issues related to the execution of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project.
Dr Mori Masafumi, Special Adviser to the Prime Minister of Japan co-chaired the meeting from the Japanese side.
Japanese Government is committed to funding the MAHSR projects.
CCI has approved a combination involving Google International LLC’s proposed acquisition of a minority and non-controlling stake of 1.28% of equity capital of Bharti Airtel Limited (target).
Google International (acquirer) is a wholly-owned subsidiary of Google LLC, which is a Delaware limited liability company and wholly owned subsidiary of Alphabet Inc.
Gross non performing assets(GNPAs) of scheduled commercial banks(SCBs) fell to a six-year low of 5.9% in March 2022 and could fall further to 5.3% by March 2023, according to the Financial Stability Report of the Reserve Bank of India (RBI) for June.
Further,the Capital to Risk-weighted Assets Ratio(CRAR) rose to a new high of 16.7% in March 2022.
Ashok Soota, founder and Executive Chairman of Happiest Minds Technologies, has been conferred with CII Quality Ratna Award 2021.
The Annual CII Quality Ratna Award constituted in the year 2019 is in recognition of outstanding leadership, contribution, and distinguished service to the Quality Movement in India.
United Nations-Habitat's World Cities Report 2022 says India's urban population is estimated to stand at 675 million in 2035, 2nd highest behind China's 1 billion, noting that after the Covid pandemic, the global urban population is back on track to grow by another 2.2 billion by 2050.
By 2035,percentage of urban residing population in India at mid-year will be 43.2%.
China's urban population in 2035 is projected at 1.05 billion
Bengaluru ranks 14th in the list of top 20 cities in Asia Pacific in terms of compliance with sustainability norms in the development of commercial real estate, according to Knight Frank.
Delhi is at 17th, Hyderabad at 18th and Mumbai 20th positions.
Singapore,Sydney,Wellington,Perth & Melbourne have been ranked as the top 5 green-rated cities in commercial real estate.
Report noted India’s Green Bonds issuance rose 523% YoY: $1.1bn in '20 to $6.8bn in '21
Max Life Insurance has rolled out a smart solution, ‘Insta confirmation of insurance (Insta-COI)’+, to customers buying the ‘Max Life Smart Fixed-return Digital Plan’.
The Insta-COI feature enables intimation to the proposer regarding the commencement of the risk cover pending release of the policy contract ensuring a quick and hassle-free onboarding.
The government approved issuance of the 21st tranche of electoral bonds that will open for sale from July 1.
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
SBI is the only authorised bank to issue electoral bonds.
An electoral bond will be valid for 15 days from the date of issue.
Ecuador President Guillermo Lasso has survived an impeachment vote after the opposition failed to gather enough votes to oust him. The motion garnered 80 votes in the 137-member Congress. In all, 92 votes were needed to remove Lasso from office. Forty-eight lawmakers rejected the motion.
Ecuador:
Capital:Quito;
Currency:US Dollars.
Pre-packed & labelled food items like meat, fish, curd, paneer and honey will now attract 5% GST.
18% GST will be levied on fee charged by banks for issue of cheques.
LED lamps,ink,knives,blades, power-driven pumps & dairy machinery will attract 18% GST, higher than the existing 12%.Further,GST rate on solar water heaters and finished leather was hiked from 5% to 12%.
Supply of cut & polished diamonds is proposed to attract GST of 1.5%, as compared to .25%
Javelin thrower Neeraj Chopra clinched his first-ever medal at the prestigious Diamond League meet in Stockholm as he broke his own national record for the second time in a month.
Chopra finished 2nd at the Stockholm Diamond League with a massive throw of 89.94 meter breaking his own national record of 89.30m that he set at the Paavo Nurmi Games in Turku.
Reigning world champion Anderson Peters won the event with a best throw of 90.31 meter.
Somali Parliament unanimously approved the appointment of Hamza Abdi Barre as the country’s new prime minister.
Speaker of the Somali Federal Parliament, Sheikh Aden Mohamed Nur (Madobe) said 220 members who attended the session endorsed Barre who was appointed by President Hassan Sheikh Mohamud.
Mogadishu is the capital of Somalia.
The Somali Shilling is the currency of Somalia.
SBI, HDFC Bank and ICICI Bank acquired a 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA).
These banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.
Perfios AA is based out of Bengaluru
National Doctors’ Day celebrations in India began in 1991 on July 1 to honour Dr Bidhan Chandra Roy, or B.C. Roy, whose birth and death anniversary, both fall on July 1. B.C. Roy was a famous physician and freedom fighter from West Bengal. He also became the Chief Minister of West Bengal from 1948 till his death in 1962.
Theme 2022:"Family Doctors on the Front Line"
Dr Roy was conferred with the honour of Bharat Ratna on February 4, 1961.
Ketanji Brown Jackson has been sworn in to the Supreme Court, shattering a glass ceiling as the first Black woman on the nation’s highest court.
The 51-year-old Jackson is the court’s 116th justice.
Jackson,a federal judge since 2013,is joining three other women, the first time four women will serve together on the 9-member court.
Olympic Games gold medallist Neeraj Chopra will be expected to lead the charge in the 22-member Indian squad to compete at the World Athletics Championships to be held in Eugene, Oregon from July 15 to 24.
The Athletics Federation of India named the Indian contingent which comprises of 17 men and five women.
AFI President: Adille J Sumariwalla
Chartered Accountants' (CA) day is celebrated annually on 1 July with an aim to commemorate the findings of the Institute of Chartered Accountants of India (ICAI) by Parliament in 1949.
The ICAI is the only licensing and regulatory body for the profession of accounting and financial auditing in India.
