Daily News

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India climbs six notches to 40th position in Global Innovation Index 2022

India climbed six notches to 40th position in the Global Innovation Index 2022 on account of improvement in several parameters, according to a report by the Geneva-based World Intellectual Property Organization (WIPO).

Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world's most-innovative economies.

India was at 46th position in 2021.

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WIPO, Director General : Daren Tang.

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ASCI appoints N S Rajan as next chairman; Saugata Gupta new V-C

N S Rajan, Director of August One Partners LLP was unanimously elected as Advertising Standards Council of India (ASCI)’s Chairman of the Board of Governors.

Saugata Gupta, Managing Director & CEO, Marico Limited, was elected Vice-Chairman.

Established in 1985, ASCI is registered as a non-profit company under section 25 of the Company Act.

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ICCR collaborates with Google for global promotion of Sanskrit

The Indian Council for Cultural Relations (ICCR) announced a collaboration with Google to promote Sanskrit.

Google has received 100,000 sentence pairs from ICCR as part of the project's pilot phase in order to form its AI/ML models. The Sanskrit team from the University of Delhi, comprising academics, students and teachers, was led by professor Amarjiva Lochan.

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Kumar Tuhin: Director General, Indian Council for Cultural Relations.

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PM Narendra Modi declares 36th National Games open in Ahmedabad

Prime Minister Narendra Modi inaugurated the 36th National Games at a grand Opening Ceremony at the Narendra Modi stadium in Ahmedabad.

The National Games are being held after a long hiatus of 7 years since its previous installment in the year 2015 when Kerala played host.

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Women’s rights activist Srishti Bakshi wins 'Changemaker' award at UN SDG Action Awards

A women’s rights activist from India, who traveled 3,800km through the length of the country in less than a year to raise awareness on gender-based violence and inequality, has won a prestigious honour at the UN SDG Action Awards.

The winners were announced at a ceremony in Bonn, Germany, at the conclusion of the Global Week to #Act4SDGs.

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MoS for Culture Arjun Ram Meghwal attends UNESCO-MONDIACULT 2022 in Mexico

Union Minister of State for Culture Arjun Ram Meghwal is representing India at an international conference to be held in Mexico from September 28-30.

The UNESCO World Conference on Cultural Policies and Sustainable Development – MONDIACULT 2022 is convened by UNESCO forty years after the first Mondiacult world conference on cultural policies held in Mexico city in 1982.

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Active credit cards drop 2.3 million in August over new RBI norms

After the Reserve Bank of India rule mandating credit card operators to deactivate cards that are inactive for 365 days came into effect, the number of credit cards in force declined to about 78 million in August 2022.

While SBI Cards' market share based on the number of cards in force increased to 19.2% in August 2022, HDFC Bank and Axis Bank saw their market share fall.

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Ex-Air Chief Marshal RKS Bhadauria joins Uttar Pradesh Defence Industrial Corridor as chief nodal officer

The Centre has appointed former Air Chief Marshal (Retd) Rakesh Kumar Singh Bhadauria as Chief Nodal Officer for the UPDIC project. The Uttar Pradesh Defence Industrial Corridor (UPDIC) is a project under the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

The project is expected to reduce foreign dependency of the Indian aerospace and defence sector.

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International Translation Day | 30 September

The International Translation day came into being after the United Nations General Assembly passed a resolution on May 24, 2017. The resolution was signed by eleven countries after recognising the importance of the role of language professionals and September 30 was chosen to pay tribute to them as it also coincides with the feast of the Bible translator, St. Jerome.

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The theme for International Translation day 2022 is "A World without Barriers."

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UP Govt approves MSME Promotion Policy 2022 and UP Bioenergy Policy 2022

Uttar Pradesh cabinet approved a Micro Small Medium Enterprises Promotion Policy (MSME) 2022 and Uttar Pradesh Bioenergy Policy-2022 to help setting up of MSMEs and bioenergy projects.

The state cabinet also approved a proposal to reorganize the State Planning Commission as the State Transformation Commission (STC) on the pattern of the Niti Aayog.

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American Express ties up with Nasscom to empower women with digital skills

Under this project, American Express and Nasscom Foundation are working with two training partners - FUEL (Friends Union for Energizing Lives) and RCED (Regional Centre for Entrepreneurship) to impart women with technology-based skill development and entrepreneurship training.

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Cabinet approves 4% DA hike for Central Govt employees

Union Cabinet approved 4% additional instalment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners with effect from July 1, 2022.

The move will benefit about 41.85 lakh Central Government employees and 69.76 lakh pensioners.

The combined impact on the exchequer on account of both DA & DR would be Rs 12,852.5 crore per annum.

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India, California agree to collaborate on zero-emission vehicles

India has entered into a collaboration with California for research and innovation in the field of zero-emission vehicles to spur the development of its nascent EV industry and address climate risks.

California has the world’s most advanced zero-emission vehicle (ZEV) policies. It has an ambitious 100 per cent ZEV mandate by 2035.

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RBI hikes repo rate by 50 bps to 5.9%

The six-member Monetary Policy Committee (MPC) voted 5-1 to up the policy repo rate by 50 basis points (bps) to rein in the above target inflation and address concerns around weakening of the currency.Following the 50 bps hike, the repo rate (the interest rate at which banks borrow funds from RBI to overcome short-term liquidity mismatches) is at 5.90 per cent against 5.40

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ADB to Devote $14 Billion to Help Ease Food Crisis in Asia-Pacific

The Asian Development Bank said it will devote at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific.The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to poverty and soaring food prices.

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ADB Headquarters- Manila, Philippines.

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Adani Ports secures ₹25,000 cr Tajpur port project in West Bengal

The Adani Group will develop a port in India’s West Bengal state at a planned investment of more than $3 billion, as the port-to-power conglomerate continues to bolster its grip over the local infrastructure and logistics sectors.The greenfield project will entail a total investment of ₹25,000 crore ($3.1 billion), of which ₹15,000 crore will go toward port development.

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India's first Dugong Conservation Reserve notified in Tamil Nadu

Tamil Nadu notified the country’s first ‘Dugong Conservation Reserve’ in Palk Bay covering the coastal waters of Thanjavur and Pudukottai districts with an area of 448 square kilometers. Dugongs are the largest herbivorous marine mammals in the world thriving primarily on seagrass beds, a major carbon sink of the oceans.

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Dugongs are protected under Schedule 1 of the Wild Life (Protection) Act, 1972.

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Uttarakhand awarded for adventure tourism & all round development of tourism

On the occasion of World Tourism Day, Uttarakhand received the first prize in two categories, for the best adventure tourism destination and all-around development of tourism from the Ministry of Tourism. The State’s Tourism and Culture minister Satpal Maharaj received the awards from Vice President Jagdeep Dhankar during the presentation of National Tourism Awards 2018-19

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Govt announces extension of PM Garib Kalyan Anna Yojana for next 3 months

The Central government announced an extension of the Pradhan Mantri Garib Kalyan Anna Yojana for another three months until December 2022. Under this scheme, 5 kg ration per person is given to beneficiaries. This is in addition to the ration given under the public distribution system. Financial implication for the Central government has been about Rs.3.45 Lakh Crore.

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