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30th May 2022










National News

Made my own notes from newspapers: Civil services topper on preparing for exam

Shruti Sharma, who topped the UPSC Civil Services 2021, revealed her strategy for preparing for the prestigious exam. She said she made her own notes from newspapers and focussed on "answer writing practice for better presentation". The JNU alumna, who scored 340 out of 400 marks, said UP cadre is her first preference.

Who is Shruti Sharma, JNU alumna who topped UPSC Civil Services 2021 exam?

Shruti Sharma from Uttar Pradesh's Bishnoi secured All India Rank 1 in the UPSC Civil Services 2021 exam. Sharma graduated from St Stephen's College of Delhi University and then got her postgraduate degree from Jawaharlal Nehru University (JNU) in Delhi. The history student prepared for UPSC at Jamia Millia Islamia Residential Coaching Academy.


Punjab govt to set up judicial commission to probe Sidhu Moosewala’s killing

short by Ria Kapoor / 03:42 pm on 30 May 2022,MondayPunjab Chief Minister Bhagwant Mann has announced to set up judicial commission under the sitting judge of Punjab and Haryana High Court to investigate the killing of Punjabi singer Sidhu Moosewala. Moosewala was shot dead in Punjab's Mansa on Sunday. The singer's father had earlier written to CM Mann saying that his son left forever due to the government's failures.

Delhi minister Satyendar Jain arrested by ED in alleged money laundering case

Delhi Health Minister Satyendar Jain was on Monday arrested by the Enforcement Directorate (ED) in a money laundering case, officials said. The case pertains to hawala transactions related to a Kolkata-based company, the officials added. The agency had in April attached properties worth ₹4.81 crore linked to Jain, in connection with a money laundering case.


North India's first Industrial Biotech Park inaugurated at Kathua in J&K 

Jammu and Kashmir (J&K) Lieutenant Governor, Manoj Sinha and Union minister Jitendra Singh inaugurated the north India's first Industrial Biotech Park constructed at Ghatti near Kathua 
The Industrial Biotech Park at Kathua will transform the economy and enable scientists to tackle the challenges of climate change. The enabling infrastructure will fuel a new wave of innovation and impact various sectors, from health and agriculture to cosmetics and materials.  With new biotech capabilities and innovation, J&K, bestowed with more than 3500 medicinal plant species, will be able to harness market advantages in the most effective way and help the farmers to generate more income, asserted the Lt Governor.  The new Industrial Development Scheme has enabled J&K to fetch investment of more than Rs 38,800 crore as of date, which also includes proposals of 338 industrial units associated with the biotech sector in some way or the other.  The Biotech Park would act as the hub for the incubation of new ideas and will act as a robust platform to support the agri-entrepreneurs, startups, progressive farmers, scientists, scholars and students not only from Jammu and Kashmir and Ladakh but also from nearby states of Punjab, Haryana and Himachal Pradesh

Ease of living: Common platform called Jan Samarth to be launched soon 

The government intends to launch Jan Samarth, a unified platform for the delivery of multiple initiatives administered by several ministries and departments, in order to make life easier for the average man.  The new portal will initially enrol 15 credit-linked government initiatives, as part of the Narendra Modi government's objective of minimum government maximal governance.  They noted that because some of the Centrally Sponsored Schemes include various agencies, the services will be gradually increased based on compatibility.  Different ministries, for example, run initiatives like the Pradhan Mantri Awas Yojana and the Credit Linked Capital Subsidy Scheme (CLCSS).  The proposed portal aims to put various schemes together on a single platform so that beneficiaries can access them easily. State Bank of India and other lenders are doing pilot testing and tying up loose ends before the official launch, according to the statement.  Because of the portal's open architecture, state governments and other organisations will be able to add their plans to the platform in the future.  To make it easier for borrowers, the government developed a platform in 2018 that offered a variety of credit products, including MSME, home, auto, and personal loans.  Various state-owned banks can now approve loans for MSMEs and other borrowers in principle in 59 minutes, compared to the previous turnaround time of 20-25 days.

Geological Survey of India: Bihar has India’s largest gold reserves 

A survey by the Geological Survey of India has stated that a gold reserve of around 222.88 million tonnes including 27.6 tonnes of mineral-rich ore are present in the Jamui district of Bihar.  The Nitish Kumar government in Bihar has now decided to give permission for the exploration of what is being called as India’s largest gold reserve.  The State Mines and Geology Department is in consultation with agencies engaged in the exploration, including GSI and the National Mineral Development Corporation (NMDC), for the exploration of gold reserves in Jamui.  The top official added that the consultation process had started after analysing the survey findings which indicated the presence of gold in areas such as Karmatia, Jhajha and Sono in the Jamui district.  The Bihar government is likely to sign a memorandum of understanding with a central agency or agencies for G3 (preliminary) stage exploration within a month's time, adding that in certain areas G2 (general) exploration can also be carried out.

Uttarakhand formed panel to implement Uniform Civil Code 

Uttarakhand government has announced the formation of a 5-member drafting committee to implement the much-debated Uniform Civil Code (UCC) in the state.  The retired Supreme Court judge Ranjana Desai, who currently heads the Delimitation Commission of India is the Head of the committee. Other members of the committee are: Delhi High Court judge Pramod Kohli, ex-state chief secretaries Shatrughan Singh, Manu Gaud and Surekha Dangwal.  The Governor has given his permission to establish an expert committee to check all the relevant laws which control personal matters for people living in Uttarakhand and to prepare a report on amendments in the present laws.  The UCC is referred to a common set of laws governing personal matters such as marriage, divorce, adoption, inheritance and succession for all citizens, irrespective of religion.  The UCC will be an important step to solidify the spirit of the Constitution. This will also be an effective step toward Article 44 of the Constitution which talks about securing a UCC for every citizen of the country. The apex court, too, from time to time has emphasised on its implementation.


Appointments News
Justice Mohanty gets additional charge of Lokpal chairperson 

President Ram Nath Kovind has given justice Pradip Kumar Mohanty the additional charge of Lokpal chairperson after justice Pinaki Chandra Ghose completed his term as the Lokpal chief.  At present, there are six members in the Lokpal. President Ram Nath Kovind had on March 23, 2019, administered the oath of office to justice Ghose as the Lokpal chairperson. Two posts of judicial members have been lying vacant for over two years.  The Lokpal and Lokayuktas Act, which envisages the appointment of a Lokpal at the Centre and Lokayuktas in states to look into cases of corruption against certain categories of public servants, was passed in 2013.  A Lokpal chief and members are appointed for a term of five years or until attaining the age of 70 years.  A Lokpal chief and its members are appointed by the President after obtaining the recommendations of a selection committee headed by the Prime Minister and comprising the speaker of the Lok Sabha, the Leader of Opposition in the lower house, the Chief Justice of India or a judge of the Supreme Court nominated by him, and an eminent jurist as recommended by the chairperson and members of the selection panel.



Oil price crosses $120 mark ahead of EU meeting on Russia sanctions

Oil price crossed the $120 mark on Monday, climbing to its highest in over two months, ahead of European Union's meeting which could lead to a ban on Russian oil imports. Brent crude futures was up 47 cents to $119.90/barrel after rising to $120.50/barrel earlier in the session. US West Texas Intermediate (WTI) crude futures jumped 72 cents to $115.79/barrel.

Russia ready to facilitate grain exports from Ukrainian ports: Putin

Amid soaring food prices globally, Russian President Vladimir Putin on Monday said that Russia is ready to facilitate the unhindered export of grain from Ukrainian ports. His comment comes amid a blockade of Ukrainian ports by the Russian forces. Separately, Putin said that if sanctions were lifted, then Russia could "export significant volumes of fertilizers and agricultural products".

Serbia secures 'very favourable' gas deal with Russia

Serbia secured a "very favourable" deal with Russia to procure natural gas, President Aleksandar Vucic said. This comes despite calls from European Union (EU) nations to impose sanctions on Russian fuel supplies over war in Ukraine. "The free leader, free people make decisions that are good for Serbia and do not accept orders" from the West, said Serbian Interior Minister.

World Bank to disburse $700 mn to crisis-hit Sri Lanka: Reports

The World Bank will disburse $700 million to Sri Lanka by re-purposing the country's existing loans amid its ongoing economic crisis, media reports stated on Monday. This comes as the country is also seeking a bailout package from International Monetary Fund (IMF). Sri Lanka is grappling with a shortage of essential items, including food supplies, fuel, medicines and cooking gas.


Banking, Business and Economy  News

Oil price crosses $120 mark ahead of EU meeting on Russia sanctions

Oil price crossed the $120 mark on Monday, climbing to its highest in over two months, ahead of European Union's meeting which could lead to a ban on Russian oil imports. Brent crude futures was up 47 cents to $119.90/barrel after rising to $120.50/barrel earlier in the session. US West Texas Intermediate (WTI) crude futures jumped 72 cents to $115.79/barrel.


BOB Financial and HPCL started up a co-branded contactless RuPay Credit Card 

HPCL and BOB co-branded contactless RuPay Credit Card has been launched by BOB Financial and Hindustan Petroleum (HPCL) in collaboration with National Payments Corporation of India (NPCI).  The card has a number of advantages, including incentives for utility, supermarket, and department shop purchases. The JCB network allows you to use this card at shops and ATMs all around the world. BOB Financial is the Bank of Baroda's wholly-owned subsidiary (BoB).  At HPCL petrol stations and on the HP Pay app, cardholders of the HPCL and BOB RuPay Contactless Credit Card can earn up to 24 reward points (every Rs 150 spent).

PM Modi: India is one of the world's fastest-growing economies 

Prime Minister Narendra Modi announced that India has become one of the world's fastest growing economies. He was addressing at an occasion where he announced the PM-CARES for Children Scheme's benefits. In the midst of the pandemic's negative mood, Prime Minister Narendra Modi stated that India relied on its strength.  India had faith in its scientists, doctors, and young people. And we emerged as a beam of optimism for the globe, rather than a source of concern. India did not become the problem; instead, we became the provider of solutions.  The Prime Minister went on to say that no one could have predicted the achievements India has made in the last eight years.  Today, India's pride in the globe has grown, as has its power in international forums. And he is pleased that India's journey is being led by young.  Moody's Investors Service cut India's economic growth forecast for 2022 from 9.1 percent to 8.8 percent, citing excessive inflation. High-frequency data implies that the growth momentum from December quarter 2021 carried over into the first four months of this year, according to Moody's Global Macro Outlook 2022-23.

Newly-listed LIC's Q4 net profit falls 17% to ₹2,409 cr, declares ₹1.5 dividend

Life Insurance Corporation of India (LIC) on Monday reported that its consolidated net profit fell 17% year-on-year to ₹2,409 crore in the quarter ended March 2022. The company earned a net premium of ₹1.44 lakh crore during the quarter, while its revenue increased to ₹2.12 lakh crore. LIC, which listed on the bourses this month, announced a dividend of ₹1.5.

Consultation paper on crypto fairly ready: Economic Affairs Secy

Economic Affairs Secretary Ajay Seth on Monday said the consultation paper on cryptocurrencies is "fairly ready". "We've gone through deep dive, consulted not just domestic stakeholders but also organisations like the International Monetary Fund and the World Bank," Seth said. He added that the government is also beginning work on some sort of global regulations on cryptocurrencies.

Sensex jumps 1,041 points to end at 55,926, Nifty closes above 16,650

BSE Sensex jumped 1,041 points or 1.90% to close at 55,926 while NSE Nifty surged by 309 to settle at 16,661 on Monday. Titan, Infosys, Mahindra & Mahindra, Reliance Industries and TCS were among the lead gainers. Meanwhile, Ethos made its market debut today and ended at ₹802 per share, 8.6% down from its issue price of ₹878.


Awards News


Cannes Film Festival 2022: Complete List Of Winners 

The 75th edition of the Cannes Film Festival came to a glittering close with the nine-member jury giving out the big awards at the prestigious festival. The awards were selected by a nine-member jury headed by French actor Vincent Lindon and presented in a closing ceremony inside Cannes' Grand Lumière Theater.  The jury included an Indian face in actor Deepika Padukone. A separate section of two awards for documentary films was adjudged earlier on Saturday. Those awards were adjudged by a separate jury.


Palme d’Or: Triangle of Sadness, directed by Ruben Östlund.  Grand Prix: Stars at Noon, directed by Claire Denis and Close directed by Lukas Dhont.  Jury Prize: Eo, directed by Jerzy Skolimowski and Le Otto Montagne, directed by Charlotte Vandermeersch and Felix van Groeningen.  Best Director: Park Chan-wook for Decision to Leave.  Best Actor: Song Kang-ho for Broker
Best Actress: Zar Amir Ebrahimi for Holy Spider.  Best Screenplay: Tarik Saleh (Boy from Heaven).  Camera d’Or: Gina Gammell and Riley Keough for War Pony.  Jury Special Award: Tori and Lokita.  L'Oeil d'Or: All That Breathes.  Jury Special Award (documentary): Mariupolis 2.

Shaunak Sen's documentary 'All That Breathes' wins L'OEil d'Or award at Cannes Film Festival

Filmmaker Shaunak Sen's documentary All That Breathes, India's only entry at Cannes Film Festival 2022, has won the 2022 L'Oeil d'Or, the festival's top prize for documentaries.  "L'Oeil d'Or goes to a film that, in a world of destruction, reminds us that every life matters, and every small action matters. The award includes a cash prize of 5,000 euros ( ₹4.16 lakh approximately).  The L'Oeil d'Or documentary award, also known as The Golden Eye award, was created in 2015 by the French-speaking authors’ society LaScam in collaboration with the Cannes Film Festival.  All That Breathes had also won the World Cinema Grand Jury Prize: Documentary at the 2022 Sundance Film Festival. Recently, it was acquired by HBO, a US-based cable network. After its release in the US late this year, the documentary will debut on HBO and streaming service HBO Max in 2023.


Ranks and Reports News

Fortune 500 list: Elon Musk, world's richest man, was 2021's highest-paid CEO 

Elon Musk, the multi-billionaire CEO of Tesla and SpaceX highest-paid executive in the world. Musk has topped the Fortune’s new list of the most highly compensated CEOs on the Fortune 500.  In 2021, Musk “realized” compensation worth almost USD 23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft.


List of top 10 most highly compensated CEOs:

Elon Musk, Tesla: USD 23.5 Billion.  Tim Cook, Apple: USD 770.5 Million.  Jensen Huang, NVIDIA: USD 561 Million.  Reed Hastings, Netflix: USD 453.5 Million.  Leonard Schleifer, Regeneron Pharmaceuticals: USD 452.9 Million.  Marc Benioff, Salesforce: USD 439.4 Million
Satya Nadella, Microsoft: USD 309.4 Million.  Robert A. Kotick, Activision Blizzard: USD 296.7 Million.  Hock E. Tan, Broadcom: USD 288 Million.  Safra A. Catz, Oracle: USD 239.5 Million.

RBI’s Banknote Survey: Rs 100 is the most preferred banknote 

The Reserve Bank of India’s Banknote Survey of Consumers' findings revealed that, among banknotes, Rs100 was the most preferred while Rs 2,000 was the least preferred denomination.  The survey, that was published in the Reserve Bank of India Annual Report this year said that Rs 100 notes were most preferred among Indians, while Rs 2000 notes were the least preferred.  The RBI survey also found out that the total number of Rs 2000 notes comprised only 214 crores or 1.6 per cent of the total currency notes in circulation. A diverse sample of 11,000 respondents from rural, semi-urban, urban and metropolitan areas, spanning 28 states and three union territories participated in the survey.  The survey also included 351 visually impaired respondents (VIR). The survey covered respondents from the age of 18 to 79 years with a gender representation of 60:40 for males and females.

Sports News

IPL 2022 Final: Gujarat Titans won the title 

The Indian Premier League (IPL) 2022 ended with Gujarat Titans (GT) lifting the trophy by defeating inaugural champions Rajasthan Royals (RR) at the Narendra Modi Stadium, Ahmedabad on May 29.  The Indian Premier League (IPL) 2022, was the 15th edition of the professional Twenty20 cricket league established by the Board of Control for Cricket in India (BCCI).  IPL 2022 Closing Ceremony: It was a full house at the Narendra Modi Stadium as the attendance marked 1,04,859.  BCCI president Sourav Ganguly and General Secretary Jay Shah then receive a certificate as IPL created a Guinness world record for the world’s largest cricket jersey.  AR Rahman, the Academy Award winner, was the star of the show at the IPL 2022 Closing Ceremony.  Ranveer Singh’s dance performance, which included the ‘Vaathi Coming’ from Master and 'Naatu Naatu' from RRR, was the perfect start of the electric evening of the IPL 2022 Closing Ceremony.

Women's T20 Challenge: Supernovas Beat Velocity 

Supernovas won the Women's T20 Challenge 2022 with a four-run victory over Velocity in the title clash.  West Indies T20 specialist Deandra Dottin shined with both bat and ball as she powered Supernovas to a record third Women’s T20 Challenge title triumph with a four-run victory over Velocity.  The Women's T20 Challenge is an Indian women's cricket 20-20 tournament organised by BCCI.


Miscellaneous News

Wankhede transferred to Chennai for alleged shoddy probe against Aryan Khan

Former NCB zonal director Sameer Wankhede who investigated the drugs-on-cruise case in which Aryan Khan was accused, has been transferred to the Directorate General of Taxpayer Services (DGTS) in Chennai. Khan and five others were recently cleared of all charges in the case and the Centre had ordered a probe against Wankhede for 'shoddy investigation' in the case.


India's foremost documentary film festival MIFF 2022 begins

The 17th edition of the Mumbai International Film Festival for Documentary, Short Fiction, and Animation films (MIFF-2022) began with a colourful opening ceremony at the Nehru Centre, Worli in Mumbai, Maharashtra.  MIFF 2022 has got an overwhelming response from filmmakers across the world, receiving a whopping eight hundred 8 film entries from 30 countries.  Out of these, one hundred 2 films will be screened under the Competition Category - 35 in international competition and 67 in the national competition. 18 Films will be screened under the ‘MIFF Prism Category’.  In commemoration of Bangladesh’s 50 years of Independence, the country has been chosen as the ‘Country of Focus this year. A special package of 11 films from Bangladesh including the critically acclaimed film ‘Hasina- A Daughter’s Tale’ will be presented at MIFF 2022.  The Best Film of the Festival will receive the Golden Conch award, along with a cash prize of Rs 10 lakhs. Other awards carry cash prizes varying from five to one lakh along with Silver Conch, trophy and certificate.

Important Days

International Day of UN Peacekeepers observed on 29th May 

International Day of UN Peacekeepers is observed globally on 29th May.  The International Day of United Nations Peacekeepers also offers a chance to honour around 4,200 peacekeepers who lost their lives serving under the UN flag since, including 135 who lost the battle last year.  UN Secretary-General António Guterres said that this year, the focus is on the Power of Partnerships. The theme for this year’s Day is "People. Peace. Progress. The Power of Partnerships.”  Peacekeeping is one of the many tools used by the United Nations to secure global peace and security. UN Peacekeepers are also known as the Blue Helmets, is a collective enterprise, which aims to change lives for the better.  The first UN peacekeeping mission was established on 1948, May 29 when the Security Council deployed a small number of UN military observers to the Middle East to form the United Nations Truce Supervision Organization (UNTSO) with the objective to monitor the Armistice Agreement between Israel and its Arab neighbours.





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