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Retired Supreme Court judge Vineet Saran appointed BCCI ombudsman and ethics officer

The Board of Control for Cricket in India (BCCI) has appointed retired Supreme Court judge Justice Vineet Saran as the ombudsman and ethics officer.

The position has been lying vacant for more than a year after Justice (retired) DK Jain’s tenure ended in June, 2021.

In August, 2018, he was elevated as the judge of the Supreme Court, where he continued until his retirement.

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Government, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore in last 8 fiscal years

As a result of comprehensive steps taken by the government and RBI to check the cases of NPAs and bring them down, scheduled commercial banks (SCBs) recovered Rs 8,60,369 crore over the last eight financial years (provisional data) from NPAs.

Sh. Karad said all credit institutions have been mandated by the RBI to become members of all credit information companies (CICs).

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Minister of State for Finance Bhagwat Karad.

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Under RBI’s ombudsman scheme, 7,813 complaints received against digital apps and recovery agents

As many as 7,813 complaints against banks and non-banking finance companies (NBFCs), pertaining to digital lending applications and recovery agents, were received under the Integrated Ombudsman Scheme of the Reserve Bank of India (RBI) during the last financial year, according to the Central government.

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RBI devises 4-tier regulatory framework for Urban Cooperative Banks

RBI has stipulated a minimum net worth of Rs 2 crore for Tier 1 UCBs operating in single district and Rs 5 crore for all other UCBs (of all tiers).

The minimum CRAR requirement for Tier 1 banks is retained at the present prescription of 9% under current capital adequacy framework based on Basel-1 rules.

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The RBI decision is based on the report submitted by NS Viswanathan Committee on UCBs.

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2, 877 Electric Vehicle Charging Stations sanctioned across country under Phase-2 of FAME India scheme

The government has sanctioned 2,877 Electric Vehicle Charging Stations in 68 cities across 25 States and Union Territories under Phase-2 of FAME India scheme (Faster Adoption and Manufacturing of Electric Vehicles). The government has formulated FAME India Scheme in 2015 to improve the infrastructure required for the large-scale use of electric vehicles.

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Govt launched 'Nasha Mukt Bharat Abhiyaan' in 272 most vulnerable districts since August 2020 to address problem of Drug Abuse

The Ministry of Social Justice and Empowerment has launched 'Nasha Mukt Bharat Abhiyaan' in 272 most vulnerable districts since August 2020 to address the problem of Drug Abuse among youth of India. Under 'Nasha Mukt Bharat Abhiyaan',special emphasis is laid on the participation of stakeholders such as women, children, educational institutions and civil society organization

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Centre Provides Financial Support Of Rs 48K Cr For Smart Cities Mission Over Five Years

As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 48,000 crore over five years i.e., on an average Rs 100 crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB).

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International Moon Day | 20 July

The General Assembly declared International Moon Day, a United Nations-designated international day to be observed annually on 20 July, in its resolution 76/76 on “International cooperation in the peaceful uses of outer space” in 2021. International Moon Day marks the anniversary of the first landing by humans on the Moon as part of the Apollo 11 lunar mission.

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Apollo 11 launched from Cape Kennedy on July 16, 1969, carrying Commander Neil Armstrong,

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World Chess Day | 20 July

On 12 December 2019, the General Assembly proclaimed 20 July as World Chess Day to mark the date of the establishment of the International Chess Federation in Paris in 1924. Under initiative of FIDE, July 20 has been observed as International Chess Day by chess players around the world since 1966. Chennai will host 44th Chess Olympiad 2022 from 28th July to 10th August.

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FIDE currently has its headquarters in Lausanne, Switzerland.

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Tamil Nadu, UP top in Smart City Fund utilisation

Tamil Nadu tops the list of states so far as utilisation of funds under the government’s flagship Smart City Mission is concerned. While Tamil Nadu has spent over Rs 3932 crore out of the Rs 4333 crore released by the Centre, Uttar Pradesh is at second position with utilisation of Rs 2699 cr out of the Central share release of Rs 3142 crore.

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NIIFL acquires stake in J&K tunnel road Navayuga Quazigund Expressway for Rs 3,036 crore

National Investment and Infrastructure Fund has picked up a stake in tunnel road Navayuga Quazigund Expressway in Jammu and Kashmir for about Rs 3,036 crore (USD 380 million) to diversify its asset base. The operational tunnel road in the Union territory of Jammu and Kashmir will be managed by NIIF Master Fund’s proprietary roads platform Athaang Infrastructure.

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Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India

JNP has become the first major port of the country to become a 100% Landlord port having all berths being operated on the PPP model. Currently, five container terminals are operated at JNP, of which only one is port owned. With its state-of-the-art facilities JNP meets all the international standards, user-friendly atmosphere, and excellent connectivity by rail and road.

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The Jawaharlal Nehru Port Authority (JNPA) at Navi Mumbai is a premier port in India.

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Expat Insider Rankings for 2022: Mexico tops the list, India on 36th rank out of 52 countries

Mexico has topped the Expat Insider Rankings for 2022, which was released by the InterNations recently, while India has been ranked on 36th position out of the 52 countries on the list, with a high affordability score.

Indonesia is in the second spot while Taiwan, Portugal, Spain, UAE, Vietnam, Thailand, Australia, and Singapore are also among the top 10 countries

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An expatriate is a person who resides outside native country

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SpaceX Dragon cargo spacecraft docks at International Space Station

A SpaceX Dragon resupply spacecraft carrying more than 5,800 pounds of science experiments, crew supplies, and other cargo is on its way to the International Space Station. The spacecraft launched on a Falcon 9 rocket from Launch Pad 39A at Kennedy for the company’s 25th commercial resupply services mission for NASA.

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India's renewable energy capacity at 114 GW till June-end

India’s renewable energy capacity (excluding large hydro) stood at 114.07 GW till June-end this year, while 60.66 GW of projects are under various stages of development. The share of renewable energy (including large hydro) in the total installed electricity generation capacity in the country was 39.85 per cent as on June 30, 2022.

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CSIR-CECRI, GODI India Join Hands to Make Advanced Li-Ion Cells in Chennai

CSIR-CECRI (Central Electrochemical Research Institute) and GODI India have entered into a public-private partnership (PPP) to operate and maintain an advanced lithium-ion (li-ion) cell manufacturing facility in Taramani, Chennai. This will be the country’s first-ever public-private partnership for the manufacturing of large-scale advanced li-ion cells.

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Established in 1953, CECRI, Karaikudi is one of the largest electrochemical laboratories

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MoS Culture Shri Arjun Ram Meghwal opens the Azadi Ka Amrit Mahotsav- 22nd Bharat Rang Mahotsav 2022

National School of Drama (NSD), New Delhi is organizing a festival “Azadi Ka Amrit Mahotsav- 22nd Bharat Rang Mahotsav, 2022 (Azadi Segment)” to remember and pay tribute to our freedom fighters, under “Azadi Ka Amrit Mahotsav 2022” from 16th July to 14th August 2022.

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National School of Drama is a theatre training institute situated at New Delhi, India.

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England faces first-ever red weather warning over extreme heat wave

A red warning, the highest used by the Met Office under its alert system, means a risk to life is likely as temperatures could hit 40 degrees Celsius. The unprecedented warning implies there is a danger to life across all age groups and is classed as a national emergency.

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Mr. Jayanti Prasad appointed as Whole Time Member of IBBI

In exercise of the powers conferred by section 189 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government appointed Mr. Jayanti Prasad as a Whole time member of the Insolvency and Bankruptcy Board of India for a period of five years or upto the age of sixty-five years or until further orders, whichever is the earliest.

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Ravi Mittal- chairperson of the Insolvency and Bankruptcy Board of India (IBBI).