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11th June 2022



National News


Prez Kovind to inaugurate an ISKCON temple in Bengaluru on June 14

President Ram Nath Kovind will inaugurate the Rajadhiraja Sri Govinda Temple of ISKCON in Bengaluru on June 14. The state's Governor, Chief Minister and other dignitaries will also participate in the event. The temple, which is a replica of the Sri Venkateshwara Temple in Tirumala, will have facilities for the spiritual and cultural education of children and families.

K'taka govt issues ordinance to reserve 1/3rd BBMP seats for OBCs

The Karnataka government has issued an ordinance for reserving one-third of the seats of the Bruhat Bengaluru Mahanagara Palike (BBMP) council for Other Backward Classes (OBCs). The civic polls, which are pending since 2020, were delayed amid the ward delimitation process by the state government. The total reservation for OBCs and ST/SCs will remain under 50%, the ordinance states.


India's first COVID-19 vaccine for animals 'Anocovax' launched 

Agriculture Minister, Narendra Singh Tomar has launched the country's first homegrown COVID-19 vaccine "Anocovax" for animals, developed by Haryana-based ICAR-National Research Centre on Equines (NRC).  Anocovax is an inactivated SARS-CoV-2 Delta (COVID-19) vaccine for animals. The immunity induced by Anocovax neutralises both Delta and Omicron variants of SARS-CoV-2.  The vaccine contains inactivated SARS-CoV-2 (Delta) antigen with Alhydrogel as an adjuvant. It is safe for dogs, lions, leopards, mice and rabbits, it added.  The COVID-19 vaccine for animals, Anocovax, is effective and capable of neutralising both Delta and Omicron variants of SARS-CoV-2.



Andhra Pradesh govt launched YSR Yantra Seva scheme 

Andhra Pradesh Chief Minister, YS Jagan Mohan Reddy has launched YSR Yantra Seva Scheme and flagged off the distribution of tractors and combine harvesters at Chuttugunta Centre in Guntur, Andhra Pradesh.  Chief Minister YS Jagan Reddy flagged off the state-level mega distribution of tractors and combine harvesters under YSR Yantra Seva Pathakam in Guntur.  Around 3,800 tractors and 320 combined harvesters would be made available at Rythu Bharosa Centres (RBKs) across AP. A subsidy of 175 crores has been credited into 5,260 farmer group bank accounts.

Appointments News

N J Ojha appointed as MGNREGA ombudsman 

N J Ojha has been appointed as ombudsman for a two-year term under the Mahatma Gandhi National Rural Employment Guarantee Scheme.  Ojha has the power to investigate allegations by MGNREGA staff, consider them, award awards within 30 days of receipt of the complaint.  An ombudsman has the power to receive complaints from MGNREGA workers, consider such complaints, pass awards within 30 days from the date of receipt of complaint and issue direction for conducting spot investigation and also initiate proceedings ‘suo motu’ if there are any grievance including on issues related to delayed payment of wages or non-payment of unemployment allowance.

Indian diplomat Amandeep Singh Gill appointed as UN Chief's envoy on technology 

UN Secretary-General Antonio Guterres has appointed senior Indian diplomat Amandeep Singh Gill as his envoy on technology to coordinate programmes for international digital cooperation.  The UN describing him as a "thought leader on digital technology" who has a solid understanding of how to leverage the digital transformation responsibly and inclusively for progress on the Sustainable Development Goals.  Amandeep Singh Gill has been India's permanent representative to the Conference on Disarmament in Geneva from 2016-to 2018.  He is now the chief executive officer of the International Digital Health and Artificial Intelligence Research Collaborative (I-DAIR) project at the Graduate Institute of International and Development Studies in Geneva.


Minister of Education, Dharmendra Pradhan launches Polyversity 

Michigan, USA-based IT Services & IT Consulting company Information Data Systems (IDS) has unveiled the Bharat Blockchain Network (BBN) (Academic Blockchain Consortium) & Polyversity (Educational Metaverse).  Union Minister Dharmendra Pradhan, Ministry of Education (MoE), Government of India (GoI) launched the initiatives in the presence of officials from the All India Council for Technical Education (AICTE) at an event held at the AICTE Auditorium in New Delhi.  Polyversity is India’s Largest Educational Metaverse, with over 100 Academic Partners establishing virtual campuses to make education more accessible, immersive and meaningful. Land parcels will be assigned to academic partners in Polyversity.

In Ahmedabad, Prime Minister Modi inaugurates IN-SPACe 

The Indian National Center for Space Promotion and Authorization (IN-SPACe) was established in Ahmedabad by Prime Minister Narendra Modi. Amit Shah, the Union Home Minister, was also present at the ceremony.  After inaugurating the Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad, Prime Minister Narendra Modi reviewed its headquarters.
PM Modi had previously met his high school teacher in Vadnagar, Gujarat's Navsari. In Navsari, PM Modi also opened the AM Naik Healthcare Complex and the Nirali multi-specialty hospital.

International News

Inflation in US hits 8.6% in May, highest in 40 years

Amid rising prices of gas, food and other goods, inflation in the US hit a 40-year high of 8.6% in May. On a month-to-month basis, prices jumped 1% from April to May, faster than the 0.3% increase from March to April. Food prices were up more than 10% last month compared to May 2021, while energy surged more than 34%.

UN adopts resolution on multilingualism that mentions Hindi for the 1st time

The United Nations General Assembly (UNGA) has adopted an India-sponsored resolution on multilingualism that mentions the Hindi language for the first time. The resolution encourages the UN to continue disseminating important communications and messages in official as well as in non-official languages, including in Hindi language. The resolution also mentions Bangla and Urdu for the first time.


China hardening its position along border with India: US Defence Secretary

China has continued to "harden its position along the border that it shares with India", US Defence Secretary Lloyd J Austin said on Saturday. America stands by its friends as they uphold their rights, Austin said, adding that Beijing is adopting a "war coercive", "aggressive approach" to its territorial claims. An American general recently called Chinese activities near Ladakh "alarming".


China releases world’s most detailed map of the moon 

China has released a new geological map of the moon, which it says is the most detailed to date, registering even finer details of the lunar surface than mapped by the US in 2020.  The new map, which has details of craters and structures not charted before, will assist in further research of the moon.  The world’s most detailed map of the moon released by China is expected to make a great contribution to the scientific research, exploration, and landing site selection on the moon.

Ecuador, Japan, Malta, Mozambique, Switzerland Elected to the UNSC 

Ecuador, Japan, Malta, Mozambique, and Switzerland were elected to the United Nations Security Council as non-permanent members for the 2023-2024 term, and took over the horseshoe table from India, Ireland, Kenya, Mexico, and Norway on January 1, 2023. India has been at the vanguard of the 15-nation Council's reform efforts for years.  India's two-year stint as a non-permanent member of the United Nations Security Council will finish in December 2022, when it will simultaneously hold the Presidency of the powerful UN body.

Banking , Business and Economy News

Paytm begins charging some users extra fees for mobile recharges: Report

Paytm has reportedly begun charging some of its users a small fee for mobile recharges done via the financial platform. This charge can be anywhere between ₹1 and ₹6, depending on how large the recharge amount is. The fee is being levied on mobile recharges paid for via UPI or a bank credit/debit card.

6 Indian banks sue GVK Coal Developers for over ₹11,700cr for loan default: Report

Six Indian banks, namely Canara Bank, ICICI Bank, Bank of Baroda, Bank of India, Axis Bank and Indian Overseas Bank, have reportedly sued GVK Coal Developers (Singapore), for over ₹11,700 crore ($1.5 billion), in London High Court. The dispute is over a $1-billion loan default, a $35-million letter of credit facility lent in 2011 and a $160-million loan from 2014.


ICICI Bank Partners with ZestMoney to Expand ‘Cardless EMI’ Facility

ICICI Bank has announced that it has partnered with digital EMI/pay-later platform ZestMoney, to expand its ‘Cardless EMI’ facility for purchases on retail and e-commerce platforms.  The partnership enhances affordability of customers of the Bank who can use pre-approved cardless credit to instantly buy products/ services using ZestMoney and take care of the cost into Equated Monthly Installments (EMIs).

RBI cancelled licence of Mudhol Co-op Bank, Bagalkot, Karnataka

The Reserve Bank of India has cancelled the licence of "The Mudhol Co-operative Bank Limited, Bagalkot (Karnataka)", thus restricting it from repayment of deposits and acceptance of fresh funds.  The bank does not have adequate capital and earning prospects, the Reserve Bank of India (RBI) said while announcing the cancellation of licence. RBI also said that bank with its present financial position would be unable to pay its present depositors in full.  RBI said that bank with its present financial position would be unable to pay its present depositors in full.

EASE 5.0 'Common Reforms Agenda' launched by Nirmala Sitharaman 

From FY19 through FY22, Enhanced Access and Service Excellence-EASE evolved over four year editions, catalysing improvements in a variety of areas in Public Sector Banks.  The EASENext program's EASE 5.0 'Common reforms agenda' was designed for Public Sector Banks and was introduced by Minister of Finance and Corporate Affairs Nirmala Sitharaman through video conference in New Delhi.  PSBs will continue to invest in new-age capabilities and deepen ongoing changes under EASE 5.0 in order to respond to changing consumer needs, competition, and the technological environment.  EASE 5.0 will place a strong emphasis on digital customer experience as well as integrated and inclusive banking, with a particular emphasis on small companies and agriculture.

Important Days

World Day Against Child Labour 2022 observed on 12th June 

12 June marks the World Day Against Child Labour under the theme “Universal Social Protection to End Child Labour.” On this day, the ILO, together with its constituents and partners, is calling for increased investment in social protection systems and schemes to establish solid social protection floors and protect children from child labour.  According to the International Labour Organization (ILO), there are about 152 million children globally who are engaged in child labour, 72 million of whom are in hazardous work.  The 2022 theme of the world day calls for increased investment in social protection systems and schemes to establish solid social protection floors and protect children from child labour. 2022 Theme: "Universal Social Protection to End Child Labour".




Hockey India congratulates Rani on completing 250 international caps

Hockey India has congratulated striker Rani Rampal on completing 250 international caps on Saturday. Rani, who has been on a long injury layoff after Tokyo Olympics, achieved this milestone during India's match against Belgium in FIH Women's Pro Hockey League in Antwerp, Belgium. "This is a very special moment for is indeed a milestone to remember," said Rani.


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