The Global Day of Parents is observed on 1 June every year. The United Nations General Assembly established this day in 2012 to express international awareness about the importance of parenthood and to promote the healthy development of children by their parents.
World Milk Day is celebrated every year on June 1. This day is celebrated to bring the importance of milk as a global food to the forefront and to promote dairy farming and the dairy industry. World Milk Day, established by the Food and Agriculture Organization (FAO) of the United Nations, has been observed across the world since its inception in 2001.
The Boxing Federation of India (BFI) has agreed to become a member of World Boxing, the International Federation established to ensure boxing remains at the heart of the Olympic Movement. The membership application has been approved by the BFI’s General Assembly, and will be ratified by World Boxing’s Executive Board.
World Boxing was launched in April 2023 and aims to ensure that boxing remains at the heart of the Olympic movement. The BFI president, Ajay Singh, recently met with World Boxing’s President and Secretary General to discuss ways in which India can support the International Federation in growing its member base in Asia where FBI is one of the largest National Federation.
India’s real GDP is estimated to grow by 8.2 percent in the Financial Year 2023-24 as compared to the growth rate of 7 percent registered in Financial Year 2022-23. According to the Ministry of Statistics and Programme Implementation, real GDP or GDP at constant prices is estimated to attain a level of over 173 lakh crore rupees in the year 2023-24.
nominal GDP or GDP at current prices is estimated to attain a level of over 295 lakh crore rupees in the year 2023-24, against 269.50 lakh crore rupees in 2022-23, showing a growth rate of 9.6 percent.
The National Institute of Mental Health and Neuro Sciences (NIMHANS) in Bengaluru has been awarded the Nelson Mandela Award for Health Promotion for 2024 by the World Health Organization (WHO). The institute is an Institute of National Importance under the Ministry of Health and Family Welfare.
The Nelson Mandela Award for Health Promotion, established by WHO in 2019, recognizes individuals, institutions, governmental or non-governmental organizations that have demonstrated remarkable contributions to health promotion.
The combined Index of Eight Core Industries (ICI) increased by 6.2 per cent (provisional) in April, 2024 as compared to the Index in April, 2023. The production of Electricity, Natural Gas, Coal, Steel, Refinery Products, Crude Oil and Cement recorded positive growth in April 2024. The Eight Core Industries comprise 40.27 percent of the weight of items included in IIP.
The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The final growth rate of the Index of Eight Core Industries for January 2024 is revised to 4.1 per cent.
Marking its third foray into international ports, Adani Ports and Special Economic Zone (APSEZ) will operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania, through its subsidiary Adani International Ports Holdings Pte Ltd. The concession agreement for 30 years has been signed with the Tanzania Ports Authority.
Through a joint venture formed with Abu Dhabi Ports Group and East Harbour Terminals Ltd last year, India’s largest port operator has also bought the Hong Kong-based SPV which employs the manpower and equipment at the terminal for $39.5 million.
In a first, the Reserve Bank of India (RBI) on Friday cancelled the auction of 10-year green bonds as traders refused to pay greenium, said dealers. Greenium signifies the premium investors are willing to pay for green bonds because of their sustainability impact.
Funds generated via the sale of green bonds will be allocated to public-sector projects aimed at decreasing the carbon footprint of the economy.
Diverging from the pattern of issuing green bonds in the latter half, the government plans to issue green bonds worth Rs 12,000 crore in the first half of the current financial year. The green bonds were planned to be issued in two tranches of Rs 6,000 crore each for a period of 10 years.
Aided by higher than expected tax receipts, the Union government contained the fiscal deficit — at 5.6 per cent of the gross domestic product in 2023-24, compared with the Revised Estimates of 5.8 per cent. The fiscal deficit stood at Rs 16.54 trillion in FY24, against the budgetary target of Rs 17.86 trillion, according to government data.
The Interim Budget presented in February had revised the fiscal gap estimate from the initial 5.9 per cent of GDP to 5.8 per cent for FY24. A fiscal deficit arises when government spending exceeds its revenue.
According to the data, net tax receipts for FY24 were above projections at Rs 23.27 trillion. The total amount spent (expenditure) that year stood at Rs 44.43 trillion, which was 99 per cent of the budgeted amount. The fiscal deficit for April stood at 12.5 per cent, or Rs 2.1 trillion, of the full-year target, on unexpected revenue expenditure.
The Reserve Bank of India has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms. In a statement, the central banks said the penalty has been imposed for non-compliance with licensing conditions imposed by the RBI, and specific directions to stop undertaking Liberalised Remittance Scheme (LRS) transaction.