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13th April 2022

National News

Guidelines to pursue 2 full-time degrees at the same time released by UGC

The University Grants Commission has released the guidelines for students who want to pursue two full-time UG or PG academic programmes simultaneously. The guidelines state that the students can pursue the two programmes in physical mode if their classes don't overlap or they can pursue one of them in online or open and distance learning mode.



UN-FAO: Mumbai and Hyderabad recognised as ‘2021 Tree City of the World’ 

The United Nations Food and Agriculture Organisation (FAO) and Arbor Day Foundation have jointly recognised Mumbai and Hyderabad as the ‘2021 Tree City of the World. The two Indian cities have won the recognition for their “commitment to growing and maintaining urban trees and greenery in building healthy, resilient and happy cities”.  The United Nations’ ‘Tree City of the World’ programme provides direction, assistance, and worldwide recognition for communities’ dedication to its urban forest, and provides a framework for a healthy, sustainable urban forestry.  It must be noted that Hyderabad has been recognised for a second consecutive year. In 2021, Hyderabad was the only city in India to be recognised as a ‘ 2020 Tree City of the World’. Apart from Hyderabad and Mumbai 136 other cities from 21 countries have been recognised in the third edition of the Tree City of the World list.

Commerce Ministry: Number of patent filings rises to 66,440 in FY22

As per the data by the Ministry of Commerce and Industry, the number of domestic patent filings at the Indian patent office exceeded that of international filings for the first time in the last 11 years.  During the January-March quarter of 2022, a total of 19796 patent applications were filed, which included 10,706 patents filed by Indian applicants and 9,090 by non-Indian applicants.  The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22, more than a 50% increase in a span of 7 years.  India granted 30,074 patents in 2021-22 as compared to 5,978 in 2014-15, an increase of nearly five times.  Reduction in the time of patent examination from 72 months in Dec 2016 to 5-23 months at present for different technological areas.

Amrit Samagam inaugurated by Union Home Minister Shri Amit Shah 

Shri Amit Shah, Union Minister of Home Affairs and Cooperation, launched the Amrit Samagam, a summit of the country's tourism and cultural ministers, in New Delhi. The Ministry of Culture is hosting a two-day conference, as part of the Azadi ka Amrit Mahotsav.  The goal of this conference is to discuss how far the Azadi ka Amrit Mahotsav has progressed so far, as well as to gather best practices and ideas for methods to be used for the remainder of the celebration, particularly for impending critical initiatives.  Union Minister for Tourism, Culture, and DONER Shri G. Kishan Reddy launched the Utsav Portal website during the conference, a digital initiative launched by the Ministry of Tourism to showcase all events, festivals, and live darshans across India in order to promote different regions of the country as popular tourist destinations worldwide.

International News

Ecuador became 1st country to give legal rights to wild animals 

Ecuador, a South American Country, became the first country in the world to give legal rights to wild animals. The highest court in the country has ruled in favour of the case that focused on a woolly monkey named "Estrellita" who was taken from her home to a zoo, where she passed just a week later.  The court decided to rule in favour of Estrellita and said that her rights had been violated by the government. However, they added that the animal’s rights were also violated by the owner when she removed her from her natural habitat at a young age. The Court has finally stated that animals are subject to rights protected by the rights of nature.

Appointments News

Harsh Vardhan Shringla named India’s G20 chief coordinator

Foreign secretary Harsh Vardhan Shringla will take over next month as G20 chief coordinator, the government officially announced. The appointment is significant as India will assume the G20 presidency on December 1, 2022, from Indonesia, and will convene the G20 Leaders Summit for the first time in India in 2023.  Shringla will retire on 30th April 2022, handing over charge to foreign secretary-designate V M Kwatra, who is currently India’s ambassador to Nepal. The G20 sherpa will remain to be Piyush Goyal, the Indian Commerce Minister.  G20 Bali Summit 2022 is the 17th meeting of the G20 Heads of State and Government Summit which is scheduled to take place in Bali, Indonesia from November 15-16, 2022 under the Presidency of Indonesia with the overall theme of “Recover Together Recover Stronger”.

Banking, Business and Economy News

India’s gold imports increased by 33.34% to Rs 46.14 billion in 2021-22

According to the official data, the import of gold in India has been rose by 33.34% to Rs 46.14 billion on account of higher demand in 2021-22. The import of gold in 2020-21 was about Rs 34.62 billion.  The increase in gold imports has contributed to the widening of the trade deficit to $192.41 billion, against $102.62 billion in 2020-21. India is the world’s second-biggest gold consumer after China.  The imports are largely driven by the jewellery industry. The export of gems and jewellery grew by about 50% to about $39 billion during 2021-22.

Import of cotton fully exempted from customs duties till September 30

The government has exempted all cotton imports from customs duties from April 14 to September 30, 2022. Currently, cotton imports attract 5% Basic Customs Duty (BCD) and 5% Agriculture Infrastructure Development Cess (AIDC). "This exemption shall benefit the textile chain - yarn, fabric, garments, and provide relief to consumers," the Finance Ministry said.

Infosys has a three-phase plan for employees' return to offices: CFO

Infosys CFO Nilanjan Roy explained employees' three-phased return to work plan, saying, "In the first phase, we're encouraging people in their home the DCs (Development Centres) where they come at least twice a week." He said, "Phase two is encouraging people outside DC towns to make preparations for return." He called "looking at hybrid work" the third phase.

Andhra govt's diversion of disaster funds 'serious' matter: SC

short by Nakul Ahuja / 10:04 pm on 13 Apr 2022,Wednesday

The Supreme Court on Wednesday said that the Andhra Pradesh government's decision of diverting ₹1100 crore from the State Disaster Response Fund (SDRF) to finance the state's subsidy scheme for farmers was a "serious" matter. "The money meant for disaster relief cannot be used for any other purpose," a bench of Justices MR Shah and BV Nagarathna remarked.

India's trade deficit rises 35.7% YoY to $18.51 billion in March 2022

India's merchandise trade deficit in March 2022 rose 35.7% YoY from $13.64 billion to $18.51 billion. While merchandise exports rose 19.76% to $42.22 billion, its imports rose 24.21% to $60.74 billion, data released by the government showed. The overall trade deficit widened to $9.91 billion in March, up 93.93% YoY from $5.11 billion in March 2021.

Infosys reports ₹32,276 cr revenue in Q4, net profit at ₹5,686 cr

Infosys reported a 22.67% YoY rise in revenue from operations from ₹26,311 crore to ₹32,276 crore and a 12.01% rise in net profit to ₹5,686 crore in Q4 FY22. Profit in Q3 FY22 was ₹5,809 crore and revenue was ₹31,867 crore. Infosys' financial services segment witnessed the highest revenue in Q4 at ₹10,096 crore, up 16.35% from ₹8,677 crore.

Google to invest $9.5 billion in US offices, data centres in 2022

Google has announced that it will invest $9.5 billion in US offices and data centres over 2022, up from $7 billion last year. It's expected to create 12,000 new jobs by 2022-end. Google will open a new office in Atlanta. "It might seem counterintuitive to step up our investment in physical offices even as we embrace more flexibility," Google said.

Infosys' employee attrition rate rises to 27.7% in Q4

Infosys announced on Wednesday that its employee attrition rate continued to rise during the January-March 2022 quarter, reaching 27.7%. The attrition rate in Q3 FY22 was 25.5% and in Q4 FY21 was 10.9%. Infosys' employee count increased 20.95% YoY from 2,59,619 to 3,14,015 in Q4 FY22, with a majority of them being software professionals.

Infosys hired 85,000 freshers last year, to add over 50,000 freshers this year

Infosys CFO Nilanjan Roy said, "In the last year (FY22) we hired 85,000 freshers, both globally and in India." He added, "We are planning to do (hire) upwards of 50,000 freshers at least this year (FY23)...and we will see how that plays out...but that's just initial." He also said, "The good news is...we've mastered the art of off-campus recruitment."

World Bank slashes India's FY23 GDP forecast from 8.7% to 8%

The World Bank cut its FY23 GDP growth forecast for India from 8.7% to 8%. "High oil and food prices caused by the war in Ukraine will have a strong negative impact on people's real incomes," said World Bank South Asia VP Hartwig Schafer. World Bank has also slashed the growth forecast for South Asia, excluding Afghanistan, to 6.6%.



Bank of Maharashtra to divest 4% Stake in ISARC

Bank of Maharashtra announced that it will sell its entire 4% ownership in India SME Asset Reconstruction Company for almost Rs 4 crore. According to a regulatory statement, the Bank of Maharashtra (BoM) has entered a share purchase agreement for the sale of the entire equity position of 4% in India SME Asset Reconstruction Company Ltd (ISARC).  The bank's 4% stake, which translates to 40,00,000 equity shares, would be sold for Rs 9.80 per share for Rs 3.92 crore in cash.  The sale of ISARC's interest is subject to RBI approval for a change in ISARC's sponsor shareholder. By the end of December 2022, the transaction should be closed.  ISARC's overall revenue for the fiscal year ended March 2021 was Rs 11.09 crore, with a net profit of Rs 0.36 crore.  In FY20, it lost Rs 8.39 crore, and in FY19, it lost Rs 9.21 crore.  ISARC is the country's first Asset Reconstruction Company (ARC), with a large number of public sector banks and undertakings supporting it. It focuses on MSME NPA resolution.  SIDBI, Bank of Baroda, Punjab National Bank, and SIDBI Venture Capital Ltd are among the sponsors of the ARC.  On the BSE, the stock of BoM finished at Rs 18.80 per share, up 0.27 percent from its previous closing of Rs 18.75.

ADB to approve $2 million loan to support urban development in Nagaland

The Asian Development Bank (ADB) and the Government of India signed an agreement to provide a $2 million project readiness financing (PRF) loan to Nagaland for the design of climate-resilient urban infrastructure, strengthening institutional capacity, and improving municipal resource mobilisation.   By establishing an urban sector plan, conducting feasibility studies, and comprehensive engineering designs of chosen subprojects, the ADB financing will ensure high project readiness.  The PRF loan will be used to help construct climate-resilient water supply, sanitation, solid waste management, and urban highways in Nagaland's 16 districts headquarter towns, as well as better access for the poor and vulnerable.

Awards News

Champion of Change Award 2021 in Madhya Pradesh announced 

Madhya Pradesh Governor Mangubhai Patel and Chief Minister Shivraj Singh Chouhan have reached the program of Champions of Change Madhya Pradesh 2021 organized by ‘Interactive Forum on Indian Economy’(IFIE) at Kushabhau Thackeray auditorium in Bhopal.  The organization recognizes them for the great work done by individuals and organizations towards promoting the values ​​of courage, community service and inclusive social development.

Celebrities including the Chief Minister will be honoured in the program. Here are the names of the awardees:

Madhya Pradesh Chief Minister Shivraj Singh Chouhan;

Former Governor of UP and Mizoram Dr Aziz Qureshi;

Music performer Padma Vibhushan Teejan Bai;

Mayor of Indore Malini Laxmansingh Gaur;

Rajya Sabha MP Syed Zafar Islam;

Indian actress Divyanka Tripathi;

Indian film actor and lyricist Piyush Mishra;

BJP leader Vikram Verma, Banwari Lal Chouksey, Dr Bhagirath Prasad, Kalapini Komakali, Sudhir Bhai Goyal, Girish Agarwal, Dilip Suryavanshi, Abhijeet Sukhdane, Aarya Chavda, Rohit Singh Tomar, Megha Parmar, Vikas Bhaduaria, Priyanka Dwivedi.

CEO of FidyPay Manan Dixit, Mayur Sethi, Renu Sharma, Dr Prakash Jain and Rajneet Jain.

PM Narendra Modi to be honoured with 1st Lata Deenanath Mangeshkar Award

Prime Minister Narendra Modi will be honoured with the inaugural Lata Deenanath Mangeshkar Award which is instituted in the memory of the veteran singer of Lata Mangeskar.  PM Modi will receive the award for selfless service to the nation and society. The award ceremony will be held on April 24 which marks the 80th death anniversary of Master Deenanath Mangeshkar (singing legend’s father).  Among the other awardees will be singer Rahul Despande, who will receive the Master Deenanath Award besides three other special awardees including veteran actress Asha Parekh, actor Jackie Shroff and the Mumbai Dabbawalas, represented by Nutan Tiffin Suppliers.

Science and Technology News

NASA released the Data on India’s Space Debris

According to the most recent report of NASA's Orbital Debris Program Office's Orbital Debris Quarterly News, there are 25,182 pieces of space debris larger than 10 cm in lower earth orbits near 2,000 kilometres of the planet's surface.  India is responsible for only 114 space debris items, whereas the United States has 5,126 space debris objects in Earth's orbit and China has 3,854 space debris objects in Earth's orbit, including spent rocket bodies.  Almost all of the debris is in low Earth orbit, within 2,000 kilometres (1,200 miles) of the Earth's surface, while some debris can be found 35,786 kilometres (22,236 miles) above the Equator in geostationary orbit.  Experts believe that all space debris is the product of humans shooting items into space. Debris or satellites left at higher altitudes of 36,000 kilometres, where communications and weather satellites are frequently put in geostationary orbits, can circle Earth for hundreds or even thousands of years.

Sports News

Which 7 batters have scored 10,000 runs in T20 cricket?

MI captain Rohit Sharma today became the seventh batter to reach 10,000 runs in T20 cricket. He is the second Indian after Virat Kohli to achieve the feat. Chris Gayle has scored the most runs (14,562) in T20 cricket. Gayle is followed by Shoaib Malik (11,698), Kieron Pollard (11,474), Aaron Finch (10,499), Kohli (10,379) and David Warner (10,373).

18-year-old Baby AB smashes biggest six of IPL 2022

MI's 18-year-old batter Dewald Brevis, who is known as Baby AB, smashed a 112-metre maximum to record the biggest six of IPL 2022 so far. He hit the six on the bowling of PBKS leg-spinner Rahul Chahar. It was the last of his four consecutive sixes during MI's ninth over. Brevis slammed a total of five sixes in his knock.


1st Khelo India National Ranking Women Archery Tournament held in Jamshedpur

The first Khelo India National Ranking Women Archery will be held in Tata Archery Academy, Jamshedpur, Jharkhand. The Sports Authority of India (SAI) has approved Rs 75 Lakh to host the Khelo India National Ranking Women Archery Tournament over six phases.  The tournament will be conducted as per the World Archery Rules, held in the senior, Junior, and Cadet Categories across the Recurve and Compound events. The Archery Association of India (AAI), in collaboration with the Jharkhand Archery Association and TATA Steel, is organizing the tournament.

Important Days

38th Siachen Day celebrates on 13 April 2022

Indian Army marks Siachen Day on April 13 every year. The day is observed to commemorate the courage of the Indian Army under "Operation Meghdoot". The Day also honours Siachen Warriors serving their motherland successfully from the enemy.  Every year this day is observed to pay solemn tributes to the soldiers who laid down their lives to capture the icy heights of Siachen 38 years ago. The day commemorates the courage and fortitude displayed by Indian Army troops in securing the highest and coldest battlefield in the world.  The Siachen Glacier is the highest battleground on earth, where India and Pakistan have fought intermittently since 1984. Both countries maintain a permanent military presence in the region at a height of over 6,000 metres (20,000 ft). More than 2,000 soldiers people have died in this inhospitable terrain, mostly due to weather extremes and the natural hazards of mountain warfare.

International Turban Day celebrates on April 13

International Turban Day is celebrated every year on April 13 since 2004 to bring awareness of the strict requirement on Sikhs to put the turban as a mandatory part of their religion.  The 2022 Turban Day marks the 553rd birth anniversary of Guru Nanak Dev and the festival of Baisakhi. The turban, also known as “dastar” or “pagri” or “pag” refers to the garment worn by both men and some women to cover their heads. Since 2004, on Turban Day, Sikhs worldwide organise various events to give information about the turban to the general community in their locality.  Turbans of every hue are represented at these events and posters highlighting information about Sikhi are also displayed and handed out. Turban tying sessions are arranged so that youngsters and others get a chance to wear a turban for the first time and have their photos taken.

Miscellaneous News

Airports Council International: Top 10 busiest airports in the world for 2021

The Airports Council International (ACI) released the list of the top 10 busiest airports worldwide for 2021. Hartsfield-Jackson Atlanta International Airport (ATL) has topped the list with 75.7 million passengers. Dallas/Fort Worth International Airport (DFW) 62.5 million passengers) is second, followed by Denver International Airport (DEN, 58.8 million passengers) at the third spot.  Among the top 10 airports for passenger traffic, 8 are in the United States with the two remaining in China.  The airports are ranked based on the preliminary compilation of 2021 global data from airports around the world including passenger traffic, cargo volumes, and aircraft movements.

Top 10 busiest airports in the world for 2021:










Dallas Fort Worth






Chicago O’Hare



Los Angeles






Orlando International









Las Vegas





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