Daily News

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International Day of Cooperatives 2022 on 2nd July

Marked by cooperatives worldwide since 1923 and officially proclaimed by the United Nations General Assembly on the centenary of the ICA in 1995, the International Day of Cooperatives is celebrated annually on the first Saturday of July.

"Cooperatives Build a Better World"– theme for this year.

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PM Modi congratulates Yair Lapid for becoming 14th Prime Minister of Israel

Prime Minister Narendra Modi congratulated Yair Lapid for becoming the 14th Prime Minister of Israel.

Yair Lapid officially became the 14th Prime Minister of Israel.

Lapid's term could be the short one as he takes over the caretaker government ahead of Israel's election which is scheduled to take place on November 1.

Naftali Bennett is the outgoing Prime Minister.

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₹1,44,616 Crore Gross GST Revenue Collection For June 2022; Increase Of 56% Year-On-Year

The gross GST revenue collected in the month of June 2022 is ₹144,616 crore of which CGST is ₹25,306 crore, SGST is ₹32,406 crore, IGST is ₹75887 crore and cess is ₹11,018 crore.

The gross GST collection in June 2022 is the second highest collection next to the April 2022 collection of ₹1,67,540 crore.

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T-Hub 2.0, world’s largest innovation campus inaugurated in Hyderabad.

K Chandrasekhar Rao, Chief Minister of Telangana, inaugurated the T-Hub 2.0. It is the world’s largest innovation campus in Hyderabad.

The innovation campus is T-shaped, with a total built-up area of 5,82,689 square feet, making it the world's largest (the second largest being 'Station F' based in France)

It is made with an aim to support around 2,000 startups.

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INS Kochi Visits Safaga, Egypt

INS Kochi, Mission Deployed in the Red Sea visited Port Safaga, Egypt from 28 - 30 Jun 22.

Engagements between Indian Navy and Egyptian Navy personnel included a friendly football match at the Red Sea Navy Base.

On her departure from Safaga on 30 June 22, INS Kochi participated in a Maritime Partnership Exercise with the Egyptian Navy ships ENS Al Zubair and ENS Abu Ubadah

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DRDO conducts successful maiden flight of Autonomous Flying Wing Technology Demonstrator

In a major breakthrough, DRDO successfully carried out the maiden flight of the Autonomous Flying Wing Technology Demonstrator from the Aeronautical Test Range, Chitradurga, Karnataka.

Powered by a small turbofan engine, the unmanned aerial vehicle is designed and developed by Aeronautical Development Establishment (ADE), Bengaluru, a premier research laboratory of DRDO.

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Iran, Argentina apply to join BRICS bloc

Iran and Argentina have applied to join the BRICS grouping, that account for more than 40 per cent of the world’s population and about 26 per cent of the global economy.

BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the startling rise of Brazil, Russia, India, and China. The BRIC powers had their first summit in 2009 in Russia.

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South Africa joined BRIC in 2010.

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Core sector output expands by 18.1% in May, highest in 13 months

India’s combined index of eight core industries saw a huge jump in the month of May as it rose by 18.1% compared to 9.3% in April 2022, driven by cement, steel and natural gas, according to the data released by the Ministry of Commerce & Industry.

The 8 core sectors account for 40.27 per cent of the weight of the items included in the Index of Industrial Production(IIP)

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Union Agriculture Minister Inaugurates Centenary Year Celebrations Of National Dairy Research Institute

Union Minister for Agriculture and Farmers Welfare ,Narendra Singh Tomar,inaugurated the centenary year celebrations of the National Dairy Research Institute (NDRI), Karnal (Haryana).

National Dairy Research Institute was established at Bangalore in 1923 as Imperial Institute of Animal Husbandry and Dairying. It was renamed as NDRI in 1947.

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In 1955 the institute's headquarters moved to Karnal.

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LIC emerges as the most advertised brand across sectors in Jan-Mar 2022: AdEx India,TAM Media Research

BFSI sector made a comeback in terms of advertising as the sector recorded a rise in all mediums-television, radio, print as well as digital-in Jan-Mar’22 period.

Among the BFSI sector, Life Insurance emerged as the top advertiser on television with 31% share of the sector ad volume,topped the charts in print and radio(27%) and digital(28%).

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Maharashtra topped all the states with an 18% share of the sector’s ad volumes on radio

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DoT signs agreement with ITI, BSNL to fund USOF projects

The Department of Telecommunications signed an agreement with ITI Limited and state-run telco BSNL to fund pilot projects under the Universal Service Obligation Fund(USOF).

DoT, BSNL and ITI Limited will fund the pilot projects of E-band, LTE indigenous technologies, including integration of 4G and 5G prototypes with C-DOT core.

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USOF is a Rs 55,000-crore reserve meant to provide connectivity in rural and remote areas

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Govt revamps Banks Board into Financial Services Institutions Bureau

government has transformed the Banks Board Bureau (BBB), the headhunter for directors of state-owned banks and financial institutions, into the Financial Services Institutions Bureau (FSIB) by making some amendments.

It also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSIB for a term of two years.

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Former Diplomat Satinder Kumar Lambah Passes Away at 81

Former diplomat Satinder Kumar Lambah, who headed the backchannel diplomatic negotiations between India and Pakistan from 2005 to 2014, passed away in Delhi at 81.

As former prime minister Manmohan Singh's special envoy to Pakistan, he was credited for his role as a negotiator when the relations between India-Pakistan improved in the 2004-08 period.

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Axis Bank partners with EazyDiner to launch Dining Delights

Axis Bank, in partnership with EazyDiner, leading table reservation, food discovery and restaurant payment platform, has announced the launch of Dining Delights for the bank customers.

It will offer a host of benefits such as the option to choose from over 10,000 premium restaurants across India and Dubai, instant confirmation on table reservations etc through EazyDiner app

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Kapil Chopra is Founder, EazyDiner.

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National Games will be held in Gujarat in Sept-Oct this year: IOA

Postponed several times due to different reasons, the National Games will be held in multiple cities in Gujarat in September-October this year, the Indian Olympic Association (IOA) Secretary General Rajiv Mehta announced.

The Games will be held in five or six cities in Gujarat, including Ahmedabad in September-October. The exact dates will be announced after a few days.

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UK offers 75 fully-funded scholarships for Indian students on the occasion of India's 75th anniversary of independenc

In celebration of India's 75th anniversary of independence,the UK government is offering 75 fully-funded scholarships for Indian students to study in Britain from September.

Companies like HSBC, Pearson India, Hindustan Unilever, Tata Sons and Duolingo are supporting this special initiative to celebrate India's 75th year of independence, the British high commission said.

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Delhi-born Raja Krishnamoorthi wins Democratic nomination for Congressional seat in US

Delhi-born Raja Krishnamoorthi has won the Democratic primary for a Congressional seat in the US.

Krishnamoorthi won from Illinois with a decisive mandate, and successfully overcame a highly communal campaign run by his opponent Junaid Ahmed.

R Krishnamoorthi defeated Ahmed with over 71% of the votes.

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The three-term Congressman was born in New Delhi but his parents are from Tamil Nadu.

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Dr Mansukh Mandaviya chairs Indian Pharmacopoeia Commission(IPC)conference 2022 and releases 9th edition of Indian Pharmacopoeia

Union Minister for Health and Family Welfare and Chemicals and Fertilisers, Dr. Mansukh Mandaviya chaired IPC Conference 2022 and released 9th edition of Indian Pharmacopoeia at Vigyan Bhawan, New Delhi.

Indian Pharmacopoeia is published by the IPC on behalf of Ministry of Health & Family Welfare, Government of India to fulfil requirements of Drugs and Cosmetics Act,1940.

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Conference Theme: Addressing Medicine Quality for Future

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DCGI gives nod to India’s first mRNA vaccine, Gennova Biopharma to produce nearly 50 lakh doses per month

DCGI has given a green signal to the country’s first indigenous mRNA vaccine against Covid by Pune-based Gennova Biopharma for emergency use among adults in India.

GEMCOVAC-19 is the very first mRNA vaccine developed in India & third mRNA vaccine to be approved for Covid-19 in the world.

The two-dose vaccine is stable for storage at 2-8 degrees Celsius.

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CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency Crisil lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

It attributed the downward revision to higher oil prices, slowing of export demand and high inflation.

This is in line with the RBI's estimate of 7.2 real GDP growth for this fiscal year.

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India’s largest floating solar power project commissioned in Telangana is operational now

NTPC declared commercial operation of the final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana with effect from 1st of July.

With the operationalisation of the 100-MW Solar PV Project at Ramagundam, the total commercial operation of floating solar capacity in the Southern Region rose to 217 MW.

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Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

According to Knight Frank India’s Affordability Index for H1 2022,Ahmedabad is the most affordable housing market amongst the top eight cities, with a ratio of 22%, followed by Pune & Chennai at 26% each in the first half of the calendar year 2022.

Mumbai(56%) remains most expensive residential market in the country followed by Hyderabad(31%), Delhi(30%)and Bengaluru(28%).

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The Index tracks the EMI to income ratio for an average household

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ReNew partners with UNEP, SEWA to train 1,000 women salt-pan workers

Green energy firm ReNew Power has partnered with United Nations Environment Programme (UNEP) and Self-Employed Women's Association of India (SEWA) to train 1,000 low-income women salt-pan workers to work in the renewable industry.

'Project Surya' will train 1,000 low-income women salt-pan workers to work in the renewable industry.

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London ranked best city for students, Mumbai tops in India: QS Best Student Cities Ranking 2023

In the QS Best Student Cities Ranking 2023, London has emerged as the best city for students looking to study abroad in terms of affordability, student facilities, and university standard among other factors. Seoul and Munich are at second place followed by Zurich and Melbourne at fourth and fifth positions, respectively.

India’s highest-ranked student city is Mumbai at 103

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Mumbai was followed by Bengaluru, Chennai and Delhi at 114,125 & 129 ranks respectively.

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Union Minister Mukhtar Abbas Naqvi inaugurates Fifth Global Film Tourism Conclave in Mumbai

Union Minister for Minority Affairs, Mukhtar Abbas Naqvi inaugurated the fifth Global Film Tourism Conclave (GFTC) at Novotel Mumbai Juhu Beach.

PHD Chamber of Commerce and Industry (PHDCCI) has organised the fifth GFTC on the theme ‘Unleashing the Power of Cinematic Tourism’ by joining hands with the Ministry of Tourism and Ministry of Information & Broadcasting.

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