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27th June 2022

National News

 

SC allows rebel Sena MLAs to respond to disqualification notice by July 11

The Supreme Court has allowed rebel Shiv Sena MLAs to file a reply to the disqualification notices issued to them by Maharashtra Assembly's Deputy Speaker Narhari Zirwal by July 11. Earlier, Zirwal had granted them time to file a reply by Monday. The SC has also issued notice to Zirwal on pleas filed by the MLAs, challenging the disqualification notice

Activist Teesta Setalvad, former Guj DGP sent to police custody till July 2

A metropolitan court had granted remand of activist Teesta Setalvad and former Gujarat DGP RB Sreekumar to the Ahmedabad crime branch for questioning till July 2, in a case registered against them on forgery and criminal conspiracy charges. An FIR was lodged against Setalvad, Sreekumar and former IPS officer Sanjiv Bhatt for giving false testimonies in connection with Gujarat riots.

 

 

Goa celebrates 'Sao Joao' festival 

The people of Goa has celebrated the Sao Joao festival, the feast of St John the Baptist with traditional enthusiasm after a two-year coronavirus-induced gap.  The festival is dedicated to Saint John the Baptist, who baptised Lord Jesus on the river of Jordan and is celebrated at the onset of monsoon. Siolim, a village in North Goa, hosts a traditional canoe parade on the occasion of Sao Joao.

 

Nitin Gadkari Approves Draft GSR Notification To Introduce Bharat NCAP 

Union minister for Road Transport and Highways, Nitin Gadkari has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded Star Ratings based upon their performance in Crash Tests.  Bharat-NCAP will serve as a consumer-centric platform allowing customers to opt for safer cars based upon their star-ratings, while promoting a healthy competition among OEMs in India to manufacture safer vehicles.

International News

Ecuador says oil production may stop soon amid mass protests

Amid widespread anti-government protests, Ecuador's Energy Ministry on Sunday warned that oil production in the country could come to a complete halt within 48 hours due to "acts of vandalism", seizure of oil wells and road blockades. Ecuador's oil output has halved since the beginning of the protests on June 13 by indigenous groups over food and fuel prices.

 

Zimbabwe to introduce gold coins into the market to 'store value'

Reserve Bank of Zimbabwe on Monday announced the introduction of gold coins into the market to preserve monetary value amid concerns over rapid currency depreciation. Gold coins will be introduced as instruments to enable investors to store value, said RBZ Governor John Mangudya. The coins will be sold to the public through normal banking channels, he added.

G7 nations pledge $29.5bn for Ukraine, vow to support it 'for as long as it takes'

The Group of Seven (G7) wealthy nations on Monday pledged $29.5 billion in support of war-ravaged Ukraine while announcing their intentions to impose more sanctions on Russia. In a joint statement, Canada, France, Germany, Italy, Japan, the UK and the US, said they were ready to support Ukraine "for as long as it takes".

 

Sri Lanka running out of fuel, only essential services to operate till July 10

Amid economic crisis, Sri Lanka suspended all fuel sales, except for essential services and stated that only essential services will operate till July 10. "From midnight today, no fuel will be sold except for essential services like the health sector, because we want to conserve the little reserves we have," government spokesman Bandula Gunawardana said.

South Korea sent its first satellite into orbit using a domestic Nuri rocket 

South Korea launched its first satellite successfully using a homegrown rocket, boosting the nation's expanding aerospace ambitions and proving it has the necessary technologies to build larger missiles and launch spy satellites in the midst of tensions with rival North Korea.  The Science Ministry reported that the three-stage Nuri rocket successfully launched a working "performance verification" satellite to a target altitude of 435 miles from South Korea's space launch facility on a southern island.   The 154-foot rocket was seen ascending in live TV footage among brilliant flames and copious amounts of white smoke.

China launched Three New Yagon-35 remote Sensing Satellites 

Three new remote sensing satellites were successfully launched by China from the Xichang Satellite Launch Centre in the Sichuan Province in southwest China.  The satellites were launched by a Long March-2D carrier rocket at 10:22 a.m. (local time) as part of the Yaogan-35 family and successfully entered the intended orbit.  The China Aerospace Science and Technology Corporation's Long March carrier rocket family, which accounts for around 96.4%.

 

Appointments News

S.S. Mundra appointed as chairman of BSE 

S.S. Mundra, a public interest director to lead the world's largest stock exchange, according to the BSE. Justice Vikramajit Sen will be replaced by Mr. Mundra.  After serving for three years, Mr. Mundra left his position as Reserve Bank of India's Deputy Governor in July 2017. Before that, he held the positions of Chairman and Managing Director at Bank of Baroda, until he retired in July 2014.

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Tapan Kumar Deka appointed as new Director of Intelligence Bureau 

The Central government has appointed senior IPS officer Tapan Kumar Deka as Director of Intelligence Bureau.  Tapan Kumar Deka, a 1988 batch Himachal Pradesh cadre IPS officer, was appointed for a tenure of two years from the date of assumption of the charge of the post or until further orders, whichever is earlier.  Deka will succeed incumbent Intelligence Bureau Director Arvind Kumar, whose tenure ends on June 30.

Samant Kumar Goel re-appointed as Chief of R&AW

Samant Kumar Goel's contract as secretary of the intelligence agency's Research and Analysis Wing (RAW) was extended by the Centre on June 24 by another year.  Goel is an IPS officer from the Punjab cadre class of 1984 and will hold the position of agency secretary through June 30, 2023.  In June 2019, Samant Kumar Goel succeeded Anil Dhasmana as the Chief of RAW.

Anil Khanna named as the acting President of IOA 

Anil Khanna has been appointed the acting President of Indian Olympic Association (IOA).  The Delhi High Court has ordered that Narinder Dhruv Batra cannot continue as the President of the IOA and appointed Anil Khanna as acting president.

Agreements News

NSE and BSE approve the merger of PVR-INOX 

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have approved the merger of multiplex chain PVR and Inox Leisure.  According to their separate exchange filings, PVR and Inox Leisure received observation letters from the BSE on June 20 and 21 with "no unfavourable observations" and "no objection," respectively.  According to the documents, the Competition Commission of India must provide the necessary regulatory licences before the merging plan can forward (CCI).

BUSINESS, BANKING AND ECONOMY

GST Council to talk about modifying law, online gambling and casinos 

The Goods and Service Taxes (GST) Council is going to talk about changing the law to make it easier to create GST tribunals.  A report by a Group of Ministers (GoM) on online gambling, casinos, and racetracks will also be discussed by the Council.  The GoM has proposed that rates and valuation standards for the 28 percent GST that will be imposed on casinos, racetracks, internet gambling, and lotteries be uniform. It said that no distinction should be made between games of skill and games of chance for the purposes of the levy.

Piyush Goyal: Indian GDP might reach $30 trillion in coming 30 years 

India's economy, according to Commerce and Industry Minister Piyush Goyal, is among the fastest-growing in the world and is predicted to reach $30 trillion in the next 30 years.  Goyal remarked that if India grows at a compound annual growth rate of 8% annually, the economy will double in nine years while speaking to exporters in Tiruppur, Tamil Nadu.  According to the minister, the country's economy is currently worth approximately $3.2 trillion and will be worth roughly $6.5 trillion in nine years.

Campus Power a new digital platform for students from ICICI Bank 

ICICI Bank unveiled a digital platform named "Campus Power" to assist students who want to pursue higher education in India and abroad. The platform meets the diverse demands of the whole student ecosystem, which includes parents, institutes, and students.  The new Campus Power platform helps users find financial products that are right for them by guiding them through the process of researching bank accounts, including international accounts, education loans and their tax benefits, foreign exchange solutions, payment solutions, cards, other loans, and investments.

Summits and Conferences News

UN Ocean Conference 2022: Dr. Jitendra Singh to go to Lisbon 

Dr. Jitendra Singh, Minister of State for the Government of India, left for Portugal to attend the Lisbon UN Ocean Conference, 2022.  On the topic of Scaling up Ocean Action based on Science and Innovation for the implementation of Goal 14: Stock taking, Partnerships and Solutions, he will give the conference's keynote presentation. The Conference will have participants from more than 130 nations.  At the conclusion of the Conference, the leaders will also reiterate the statement titled Our ocean, our future: call for action.

Awards News

Odisha, ‘Mo Bus’ Service received the prestigious UN Public Service Award 

Mo Bus, Odisha-based public transport service has been honored with a prestigious United Nations award, for their role and efforts in helping the world recover better from Covid19.  The public transport service has been recognised for its role in “promoting gender-responsive public services to achieve the SDGs (Sustainable Development Goals)”, the UN said.

Science and Technology News

Garuda Aerospace, an Indian drone startup to establish a facility in Malaysia 

Garuda Aerospace Pvt. Ltd., an integrated drone manufacturer and drone-as-a-service (DAAS) provider based in India, would invest Rs 115 crore in the construction of a production facility in Malaysia.  The decision is made to establish a drone manufacturing plant in Malaysia, with a daily production capacity of around 50 drones. The components would be imported from India and other nations.

Important News

International Day of the Seafarer 2022: 25 June

The "Day of the Seafarer" is celebrated annually on June 25 to honour the vital contribution that seafarers make to global trade and the economy, frequently at considerable personal sacrifice to themselves and their families.  With the theme "Your voyage - then and now, share your adventure," the Day of the Seafarers campaign for 2022 will examine seafarer voyages, including what they entail, how they have changed over time, and what has remained central to seafarers' reality.

International Day against Drug Abuse and Illicit Trafficking 2022 

International Day against Drug Abuse and Illicit Trafficking, also known as World Drug Day, is conducted by the United Nations. It is observed on June 26 annually.  “Addressing drug challenges in health and humanitarian crises” is the theme for 2022’s celebration of the International Day against Drug Abuse and Illicit Trafficking.  The United Nations Office on Drugs and Crimes (UNODC) has put forward a #CareInCrises campaign for this year’s celebration of World Drug Day.

United Nations International Day in Support of Victims of Torture 2022 

The United Nations General Assembly on December 12, 1997, adopted a resolution to proclaim June 26 as the International Day in Support of Victims of Torture. The day is observed to call upon nations, civil societies and individuals all across the world to extend their support to victims of torture and those who are being tortured.  On December 12, 1997, the United Nations General Assembly passed a resolution, declaring June 26 as the International Day in Support of Victims of Torture.  The first International Day in Support of Victims of Torture on June 26, 1998, the UN appealed to all the governments, stakeholders, and the members of the global society to stand against this act, and to take action against the torture and those who execute it in every corner of the world.

Micro-, Small and Medium-sized Enterprises Day: 27 June 

Recognising the potential of the MSME and their role in strengthening economies, June 27 is celebrated as the Micro-Small and Medium-sized Enterprises Day.  The day is aimed at raising public awareness of the contribution of MSMEs to global economic growth and sustainable development.  The Micro-Small and Medium-sized Enterprises Day was marked by the United Nations General Assembly in its 74th Plenary on April 6 2017. The move came after the International Council for Small Business (ICSB) 2016 World Conference Declaration on the urgent need to recognise MSME’s role in global development.

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