Union Home Ministry has amended the Foreign Contribution Regulation Act (FCRA) giving certain relaxations such as allowing relatives to send more money to India freely.
The amended rule now allows relatives to send 10 lakh rupees without informing the government. If the amount exceeds, the individuals will now have 3 months to inform the government against 30-days earlier.
Defence Minister Rajnath Singh has dedicated to the nation a number of new manufacturing facilities set up at the Bhanur Unit of Bharat Dynamics Limited (BDL) in Telangana.
They include a Warhead facility at the Bhanur Unit, a Radio Frequency (RF) Seeker facility at Kanchanbagh Unit.
The RF Seeker Facility is an integrated Centre for the production and testing of RF seekers
As part of their deployment to South East Asia, Indian Naval Ships Sahyadri and Kadmatt under the Command of Rear Admiral Sanjay Bhalla, NM, Flag Officer Commanding Eastern Fleet, visited Singapore from 01 - 03 July 2022.
INS Sahyadri is an indigenously built multi-role stealth Frigate and INS Kadmatt is an indigenously built ASW Corvette.
The UK’s All-Party Parliamentary Group on Indian Traditional Sciences (ITSappg) conferred the Ayurveda Ratna award on Tanuja Nesari, Director of All India Institute of Ayurveda (AIIA), for her exceptional service of the highest order for the promotion of Ayurveda.
AIIA was formed in 2014 to spread knowledge on traditional sciences in UK and abroad.
India’s external debt rose by 8.2% to $620.7 billion at the end of March, 2022 from a year ago, the Reserve Bank of India. However, the external debt to GDP ratio declined to 19.9% at end of March 2022 from 21.2% at end of March 2021.
US dollar denominated debt remained the largest component of India’s external debt, with a share of 53.2% at end-March 2022.
India accumulated $2.7 billion of foreign exchange reserves in the week to June 24, ending the steady depletion of reserves for the previous three weeks.
The reserves stood at $593.323 billion as on June 24. Out of this, foreign currency assets stood at $529.216 billion while reserves held in gold were valued at $40.926 billion, Reserve Bank of India data showed.
Payments provider Cashfree Payments announced that its tokenization solution, ‘Token Vault’ will offer interoperability in card tokenization.
Token Vault’s interoperability feature will help businesses who use multiple payment gateways to process tokenized card transactions across any payment gateway and card network of their choice.
Akash Sinha is CEO & Co-Founder, Cashfree Payments
Ferdinand Marcos Jr has been sworn in as the Philippine president in a ceremony in Manila, succeeding the outgoing leader Rodrigo Duterte.
His inauguration marks a comeback for the Marcos political dynasty, which was ousted after a popular revolt in 1986.
Mr Marcos Jr - nicknamed Bongbong - won an election landslide last month.
Sara Duterte was sworn in as vice-president.
Peter Brook, one of the world’s most innovative theatre directors who perfected the art of staging powerful drama in bizarre venues, has died aged 97.
The British director mounted productions ranging from challenging versions of Shakespeare through international opera to Hindu epic poems.
Brook put on plays in gymnasiums, deserted factories, quarries, schools etc
In 2021, he was awarded India's Padma Shri.
Former India international EN Sudhir, who played as a goalkeeper for India in the 1970s, died in Mapusa, Goa.
Sudhir, who made his international debut against Indonesia in Rangoon (currently Yangon) in the Olympic qualifiers in 1972, represented India in 9 matches.
He was also part of the national team in the 1973 Merdeka Cup and the Asian Games squad in 1974.
Athlete Parul Chaudhary has set a new national record in the women’s 3000 metres event at the Sunset Tour in Los Angeles, surpassing the six-year-old record of Suriya Loganathan.
She clocked 8:57.19 in the women’s 3000 m event, surpassing the national record set by Loganathan, who had clocked 9:04.5.
Swedish pole vaulter Armand Duplantis improved his own outdoor world record by clearing 6.16 meters (20 feet, 2 1/2 inches) at the Stockholm Diamond League meet. Duplantis cleared the bar with plenty to spare on his second attempt to better his previous mark of 6.15, set in Rome in 2020 — when he broke Sergey Bubka's 26-year-old outdoor record.
Duplantis also holds the indoor world record of 6.20 (20 feet, 4 inches).
Punjab Finance Minister Harpal Singh Cheema said budgetary provisions have been made for giving 300 units of free electricity to the households from July 1.
For the fiscal year 2022-23, the budget outlay of Rs 13,991 crore - nine per cent of the state’s expenditure budget of Rs 1,55,860 crore - has been proposed for schools.
The Electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs 86,824 crore under a modified special incentive package scheme till May 31, 2022.
M-SIPS (Modified Special Incentive Package Scheme) was announced by the government in July 2012. It has been amended twice - in August, 2015 and in January, 2017.
The growth in Scheduled Commercial Banks (SCBs) deposits moderated to 10 per cent year-on-year in March 2022, compared to an increase of 11.9 per cent a year ago, RBI data showed.
During 2021-2022, current, savings and term deposits rose by 10.9 per cent, 13.3 per cent and 7.9 per cent, respectively.
RBI released data on Deposits with Scheduled Commercial Banks- March 2022
SBI Card, in partnership with Aditya Birla Finance Ltd (ABFL) announced, on June 30, the launch of ‘Aditya Birla SBI Card’.
The rewards-centric credit card has been launched in two variants - ‘Aditya Birla SBI Card SELECT’ and ‘Aditya Birla SBI Card’, on the Visa platform.
The card offers benefits on both premium and mass brands that belong to the Aditya Birla Group.
The Ministry of Steel has joined the PM Gati Shakti Portal and uploaded the geo locations of key projects with an aim of identifying and bridging missing infrastructure connectivity gaps.
The ministry on-boarded itself on the National Master Plan portal with the assistance of Bhaskaracharya National Institute for Space Applications and Geo-informatics(BiSAG-N).
Steel ministry has identified 38 high-impact projects to develop multimodal connectivity.
Busan University of Foreign Studies (BUFS) in South Korea established an India Centre for the promotion of India-focused activities in the University.
The Centre will act as a nodal point for India-related events in Busan and serve as a ready resource for students interested in India and to expand academic and cultural cooperation with the University.
India, along with the G7 nations and four other countries, signed “2022 Resilient Democracies Statement” that called for “guarding the freedom, independence and diversity of civil society actors” and “protecting the freedom of expression and opinion online and offline”.
The 2022 NATO Madrid Summit was held in Madrid, Spain, from June 28 to 30, 2022.
22 NATO members agreed to launch the NATO Innovation Fund, a multi-sovereign venture capital fund that will invest 1 billion euros ($1.05 billion) in startups and other venture capital funds developing emerging technologies for both civilian and military use.
This was the 32nd edition of the summit, since the first summit held in Paris in 1957.
The centrally sponsored PMFME Scheme was launched on 29th June, 2020 by the Ministry of Food Processing Industries under the Atma Nirbhar Bharat Abhiyan.
Scheme is currently being implemented in 35 States and UTs, envisioning enhancement of the existing individual micro-enterprises in the unorganized segment of the food processing industry and formalisation of the sector.
CSB Bank Limited informed that the Reserve Bank of India (RBI) conveyed their approval for the extension of the term of appointment of Pralay Mondal, Deputy Managing Director as interim Managing Director & CEO of the Bank, for a further period of three months with effect from July 1, 2022, or till the appointment of a regular Managing Director & CEO in the Bank.
The partnership will see all the branches of Paschim Banga Gramin Bank across West Bengal offer SBI Life’s range of protection, wealth creation, credit life, annuity and savings products.
Bancassurance is an arrangement between a bank and an insurance company, as a part of which the latter can sell its products to the lender’s customers.
Paschim Banga Gramin Bank HQ: Howrah,West Bengal.
Karnataka-based Sini Shetty became the Femina Miss India World 2022 winner at the grand finale of VLCC Femina Miss India at JIO World Convention Center in Mumbai.
Rubal Shekhawat of Rajasthan emerged as Femina Miss India 2022 first runner-up, and Uttar Pradesh's Shinata Chauhan was named Femina Miss India 2022 second runner-up.
