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10th May 202 2
National News
Army chief Gen Manoj Pande receives Param
Vishisht Seva Medal from Prez
Newly-appointed Army chief General Manoj Pande received the Param
Vishisht Seva Medal from President Ram Nath Kovind on Tuesday. The medal is
awarded to all ranks of the Indian Armed Forces to recognise exceptional
peace-time service. The gallantry awards ceremony was held at Rashtrapati
Bhavan in Delhi today.
Jan Suraksha Scheme completes 7 years of Social
Security
The Jan Suraksha scheme which was launched by prime minister Narendra Modi on
9th May 2015 completes 7 years of providing social security today. Three Jan Suraksha schemes were launched by
the prime minister, these schemes are Pradhan Mantri Jeevan Jyoti Bima Yojana,
and Pradhanmantri Suraksha Bima Yojana, and Atal Pension Yojana. Today the schemes complete 7 years of
providing social security with the motto of recognizing the necessity to
protect human life from risk and economic uncertainty. The government has launched two insurance
schemes Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha
Bima Yojana to ensure that the people from the unorganized sector of the nation
are economically secure and the Atal Pension Yojana is to cover the needs of
the elderly people in the country.
Tamil Nadu govt announced breakfast scheme for primary school
students
Tamil Nadu chief minister, MK Stalin has announced that all government primary
school students from 1st to 5th standards will be provided nutritious breakfast
on all working days. Tamil Nadu is set
to become the first state to offer breakfast along with midday meals. This
includes the launch of integrated urban health centres within the Corporation
and Municipal limits. The schemes are a
free morning breakfast scheme for government school students, a scheme to
eradicate nutrition deficiency, the establishment of schools of excellence and
primary health centres in urban areas and the expansion of ‘CM in Your
Constituency’, a public grievances redress system, to all 234 constituencies. The free breakfast scheme was launched based
on the available information that the government school children skip breakfast
while going to school because of the distance and family situations.
New Electoral Map released for Jammu and Kashmir
A three-member Delimitation Commission redrawing the electoral map of Jammu and
Kashmir allotted 47 Assembly seats for Kashmir division and 43 for Jammu in its
final decision submitted barely a day before its two-year term was to end. After the panel, led by retired Supreme Court
judge Ranjana Prakash Desai, approved the final verdict, giving Jammu six
additional seats and Kashmir one more, a gazette notification was released.
Jammu had 37 Assembly constituencies and Kashmir had 46 before the restructure,
which increased the overall number of Assembly seats in the Union Territory to
90. Tangmarg has been renamed Gulmarg,
Zoonimar has been renamed Zaidibal, Sonwar has been renamed Lal Chowk, Padder
has been renamed Padder-Nagseni, Kathua North has been renamed Jasrota, Kathua
South has been renamed Kathua, Khour has been renamed Chhamb, Mahore has been
renamed Gulab. The Commission heard from Kashmiri migrants and displaced
persons from Pakistan-occupied Jammu and Kashmir at the public hearing.
Alkesh Kumar Sharma appointed as Ministry of Electronics and IT's
Secretary
Alkesh Kumar Sharma, a senior IAS officer, has been named Secretary of the
Ministry of Electronics and Information Technology (MeitY). He was previously
the Cabinet Secretariat's secretary (Coordination). Alkesh Kumar Sharma previously served as
Kerala's additional chief secretary for industries from May 2020 to April 2021.
Sharma served as the Managing Director of Kochi Metro Rail and the CEO of the
Cochin Smart City Mission from September 2019 until April 2021. Alkesh Kumar Sharma, an IAS official from
Kerala, has his work cut out for him at MEITY. He will be in charge of ensuring
that the $10 billion semiconductor incentive scheme to increase chip
manufacturing and design facilities in the country is implemented smoothly. He will also be responsible for putting
MEITY's 1,000-day strategy into action, which aims to turn India into a $1
trillion digital economy in the next several years. The Union ministry is tasked with becoming
India the world's most connected nation, providing clarity to digital
government, simplifying laws and legislation for technology and social media
companies, and emphasising on India's high-tech expertise under the initiative.
INTERNATIONAL
Indonesian President plans to meet Musk over
nickel supply
Indonesian President Joko Widodo is planning to meet Tesla CEO Elon Musk
during a US visit this week, the country's Coordinating Minister Luhut Binsar
Pandjaitan said. He added that Musk's representatives were currently in
Indonesia and due to visit the nickel production hub of Morowali. Indonesia
wants to enter the global supply chain of the EV industry, Luhut said
previously.
BANKING, BUSINESS AND ECONOMY News
BYJU'S buys Northwest Executive Education
for $100 mn: Report
BYJU'S group company Great Learning has reportedly acquired Singapore's
executive education firm Northwest Executive Education in a stock and cash deal
of around $100 million. "BYJU'S is aggressively focusing on the higher
education segment...Northwest Executive's acquisition will just add to
it," a source told Moneycontrol. In February, Great Learning had bought
out recruitment platform Superset.
Reliance became 1st Indian company to cross USD 100 bn annual
revenue
Reliance Industries become the first Indian company to record annual revenue of
more than a whopping $100 billion. The company has recorded a 22.5% rise in net
profit for the quarter ended March 2022.
Reliance has recorded strong growth in retail, digital services, and the
oil & gas business. The company has also reported the highest-ever
quarterly EBITDA (earnings before interest, taxes, depreciation and
amortisation) of Rs 33,968 crores (28% up) year-on-year.
Axis Bank awaits probe report on alleged
mutual fund scam: Report
Axis Bank will wait for the report on an investigation into alleged
front-running at Axis Mutual Fund (MF) before taking the final decision on
penalising guilty officials, Moneycontrol reported. The allegations are being
probed by two external agencies appointed by Axis MF. The probe was launched in
February 2022, Axis MF MD and CEO Chandresh Nigam said on May 8.
Equity investors' wealth falls over ₹11.22
lakh crore in 3 days
Equity investors have become poorer by over ₹11.22 lakh crore in three
days following a sell-off in markets amid weak global cues. Sensex fell for the
third consecutive session on Tuesday, falling 1,337.38 points or 2.4% since
Friday. Foreign institutional investors remained net-sellers on Monday,
offloading shares worth a net ₹3,361.80 crore.
JSW Group will make a $7 billion bid for
Ambuja Cements, ACC: Chairman
JSW Group's Chairman Sajjan Jindal told Financial Times that the
steel-to-energy conglomerate will make a $7 billion bid for Holcim's India
subsidiaries Ambuja Cements and ACC. JSW will offer $4.5 billion in its own
equity and $2.5 billion from undisclosed private equity partners for the bid.
It was earlier reported that Adani Group is in talks to acquire Holcim's
assets.
India's outward FDI drops nearly 50% y-o-y
to $3.39 bn in April
short by Ananya
Goyal / 10:53 pm on 10 May 2022,Tuesday
India's outward foreign direct investment (OFDI) nearly halved to $3.39
billion in April on an annual basis, data released by the Reserve Bank of India
(RBI) showed. In comparison, the OFDI stood at $6.71 billion in April 2021 and
$3.44 billion in March 2022. The equity component in April was $544.87 million
and loans amounted to $764.25 million.
Canara Bank detects frauds worth ₹3.9 cr in
internal probe: Report
State-led Canara Bank is investigating fraud in its housing finance unit
Can Fin Homes after a whistleblower alleged irregularities in certain accounts,
Reuters reported quoting a source. The bank has detected frauds in 37 accounts
worth ₹3.9 crore, the source said. They added that fake income tax return
documents had been submitted for these accounts.
Awards News
Guruswamy Krishnamoorthy receives British Honour ‘MBE’ For His Service
During the COVID-19 Pandemic
Guruswamy Krishnamoorthy, CEO of Penlon, a world-class British medical
technology firm, is likely to receive The Most Excellent Order of the British
Empire (Civil Division) Award 2022 – Honorary Member of the Order of the
British Empire (MBE) recognition from the Queen at Buckingham Palace, London,
UK. Guruswamy Krishnamoorthy hails from
Madurai, Tamil Nadu, India. The British Honorary Awards are awarded twice a
year, first during the new year and again in June, on the date of the Queen’s
official birthday. Guruswamy led a group
of companies that formed a consortium with Penlon as its hub. In 12 weeks,
11,700 ventilators were provided to the United Kingdom government by employing
around 4,000 people for three round-the-clock shifts. The effort also resulted
in an award from the Royal Academy of Engineering, UK.
Pulitzer Prizes 2022 Announced: Complete List of Winners
The 106th class of Pulitzer Prize winners in Journalism, Books, Drama and Music
were announced. The Pulitzer Prize is an award for achievements in newspaper,
magazine, online journalism, literature and musical composition within the
United States. It was established in
1917 by provisions in the will of Joseph Pulitzer, who had made his fortune as
a newspaper publisher, and is administered by Columbia University.
Bengali translation 'Meursault, contre-enquête' wins Romain Rolland Book
Prize 2022
The fifth Romain Rolland Book Prize – Romain Rolland Book Prize 2022 has been
awarded to the Bengali translation of the French novel “Meursault, contre-
enquête” (The Meursault Investigation). The
award ceremony was organized by the French Institute in India. Meursault,
contre-enquête is the debut novel of Algerian writer and journalist Kamel
Daoud. The award was presented to translator
Trinanjan Chakraborty and publisher Esha Chatterjee of Patra Bharati, a leading
publisher of prestigious Bengali books, during the French Literary
Festival-French LitFest 2022 at Bikaner House in New Delhi on May 07, 2022.
This is the first time Patra Bharati, the publisher, has gotten this honour.
Sports News
GT beat LSG to record their biggest win, become
1st team to qualify for IPL 2022 playoffs
GT defeated LSG by 62 runs to record their biggest win (by runs) in IPL
2022. With the win, GT moved to the top of the points table and became the
first team to qualify for the IPL 2022 playoffs. Shubman Gill top-scored for GT
with 63*(49), while their vice-captain Rashid Khan recorded bowling figures of
3.5-0-24-4.
Max Verstappen won Miami Grand Prix 2022
F1 world champion Max Verstappen has won the inaugural Miami Grand Prix for Red
Bull after defeating the Ferrari rival Charles Leclerc. Leclerc (Ferrari) finished second and Spanish
teammate Carlos Sainz (Ferrari) placed third in the Miami Grand Prix 2022. The victory cut Leclerc's lead over
Verstappen to 19 points in the championship, while the Monegasque's Ferrari
teammate Carlos Sainz completed the podium.
Anurag Thakur launches mascot, logo and jersey of Khelo India Youth Games
Union Sports Minister Anurag Thakur has launched the mascot ‘Dhakad’ along with
the official logo and official jersey of the Fourth Khelo India Youth Games at
Panchkula and lauded the effort of Haryana to host the games. The competition is being organized by the
Sports Authority of India and the state government of Haryana. In this edition
of the Khelo India Youth Games, over 8,500 athletes will be participating. Haryana will set an example by hosting the
fourth edition of the Khelo India Youth Games from June 4 to June 13 at
Panchkula, Chandigarh, Shahabad, Ambala and Delhi. This was supposed to be held
in the year 2021 but got delayed due to the COVID-19 pandemic.
India's Avinash Sable breaks 30-year-old 5000 metre record
India's Avinash Sable broke a 30-year-old record of Bahadur Prasad in 5000m,
setting a new national record with a timing of 13:25.65 at the Sound Running
Track meet in San Juan Capistrano, USA. The 27-year-old from Maharashtra broke
the old record of 13:29.70 set by Bahadur Prasad in 1992. Sable’s growth in athletics has been
extraordinary. Till about seven years ago, he was posted as a havildar with the
Army in Siachen. From the frigid cold, he was transferred to a small cantonment
in the desert town of Lalgarh Jattan, near the Pakistan border in Rajasthan. The boy who walked 12 kilometres, to get to
school and back, got his lucky break when he was selected to join a training
group for a cross-country race organised by the Army.
24th Deaflympics: Abhinav Deshwal won gold medal in men’s 10m air pistol
Abhinav Deshwal has won the second gold medal for India in shooting at the
ongoing 24th Deaflympics in Caxias do Sul, Brazil. He was tied with silver
winning Ukrainian Oleksii Lazebnyk before winning gold in a shoot-off. India
has four medals in the shooting competition at the 24th Deaflympics. Abhinav
made the top eight final round after finishing second in the 60-shot
qualification round with a score of 575 out of 600. He was tied on points there
too with Kim Kihyeon, but the Korean topped on account of more inner 10s.
Carlos Alcaraz won the men’s singles title at the Madrid Open title 2022
Carlos Alcaraz (Spain) has clinched the men’s singles Madrid Open title 2022
after beating the defending champion Alexander Zverev (Germany). Alcaraz has also defeated Rafael Nadal and
Novak Djokovic (world No.1) to reach the final. It is his second Masters 1000
crown after Miami 2022 and his fourth title of the year.
Here are the winners of different categories:
|
Category |
Winner |
|
Men’s Singles: |
Carlos Alcaraz
(Spain) |
|
Women’s singles: |
Ons Jabeur
(Tunisia) |
|
Men’s doubles: |
Wesley Koolhof
(Netherlands) & Neal Skupski (United Kingdom) |
|
Women’s doubles: |
Gabriela Dabrowski
(Canada) & Giuliana Olmos (Mexico) |
Important Days
International Day of Argania 2022 observed on 10th May
The United Nations observed 10th May 2022, the second International Day of
Argania. This celebration crowns the efforts of the Kingdom of Morocco in
promoting the Argan tree as an intangible cultural heritage of humanity and an
ancestral source of resilient and sustainable development. The day will be celebrated this year under
the theme “The Argan tree, symbol of resilience” and will serve to raise
international awareness around the tree, its ecosystem, and the important
position it holds in Moroccan culture and heritage.
Obituaries News
Padma Shri Odia Writer Rajat Kumar Kar passes away
The eminent Odia litterateur Rajat Kumar Kar passed away due to heart-related
ailments. He received Padma Shri in 2021 for literature and education. He was known for his commentary during the
annual Ratha Jatra (Jagannath culture) on TV and radio. His writing includes
Upendra Bhanja literature and has seven non-fiction to his credit. He also
contributed to the revival of the dying art of Pala of Odisha.
Maharashtra announces state funeral for
Pandit Shivkumar Sharma
The Maharashtra government has announced a state funeral for santoor
maestro Padma Vibhushan Pandit Shivkumar Sharma who passed away after a cardiac
failure on Tuesday. His funeral will be held at the Vile Parle Hindu cremation
ground near the Juhu airport in Mumbai on Wednesday. The mortal remains will be
kept at his home from 10 am to 1 pm.
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