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12th July 2022

National News

 

Govt will raise funds from capital market for road projects: Gadkari

Union Transport Minister Nitin Gadkari said on Tuesday that the government will raise funds from capital markets for road projects. "I don't want to use the finances of rich people. I'm going to share market, and...I'm going to take investments from small people," he said. The construction equipment industry is facing problems due to rising crude oil prices, he added.

Manipur orders closure of schools as COVID-19 cases increase

The Manipur government on Tuesday issued an order to close all schools in the state with immediate effect due to the sharp increase in COVID-19 cases. The schools will remain closed till July 24, 2022. This comes as 59 people in Manipur tested positive for the virus on Tuesday and the test positivity ratio crossed the 15% mark.

 

India becomes 68th country to join Interpol's child sexual abuse database 

India has joined Interpol's international child sexual exploitation (ICSE) database which will allow it to draw links between victims, abusers, and crime scenes using audio-visual data.  The CBI, which is India's nodal agency for Interpol matters, joined the database making India the 68th country to connect to it, according to a statement from Interpol.  An intelligence and investigative tool, the database allows specialized investigators to share information on cases of child sexual abuse.  Through the image and video comparison software, the investigators can nail down the criminals by identifying victims and places of crime.

PM Narendra Modi unveils National Emblem on the roof of New Parliament Building

Prime Minister Narendra Modi has unveiled the National Emblem cast on the roof of the New Parliament Building.  He also interacted with the Shramjeevis involved in the construction work of the new Parliament.  It has been cast at the top of the Central Foyer of the New Parliament Building.  The National Emblem is made of bronze with a total weight of 9500 kilograms and is 6.5 meters in height.  A supporting structure of steel weighing around 6500 kilograms has also been constructed to support the Emblem.

UN: India anticipated to overtake China as world's most populated nation next year

According to a report released by the UN on World Population Day, India is expected to overtake China as the world's most populous nation next year.  The world's population is anticipated to exceed eight billion people on November 15, 2022, according to a research by the United Nations Department of Economic and Social Affairs, Population Division.  According to the United Nations' most recent estimates, the world's population may reach 8.5 billion people in 2030, 9.7 billion in 2050, and 10.4 billion in 2100.

International News

 

Euro reaches parity with US dollar for the first time in 20 years

The euro sank on Tuesday to reach parity with US dollar for the first time in 20 years. The currency fell to an intraday low of $1 amid concerns that an energy crisis could plunge the region's economy into recession. The concerns come after the biggest single pipeline carrying Russian natural gas to Europe was shutdown for maintenance.

Over 5,000 civilians killed since start of war in Ukraine: UN

The UN human rights office (OHCHR) on Tuesday said that more than 5,000 civilians had been killed and over 6,500 others had been injured in Ukraine since the start of Russia's invasion on February 24. The real toll was likely much higher, it added. OHCHR has dozens of human rights monitors in the country.

Croatia to become 20th country to adopt euro as currency

European Union (EU) on Tuesday formally approved Croatia's accession to the eurozone, paving the way for the Balkan nation to adopt euro as its currency from January 1, 2023. This confirms that the euro remained an "attractive, resilient and successful global currency", European Commission Vice President Valdis Dombrovskis said. "It's a big day for Croatia," the Croatian Finance Minister said.

 

Deutsche Bahn to be world's first intermodal partner of Star Alliance 

Deutsche Bahn (DB) will be the world's first Intermodal Partner of Star Alliance. With this, DB and the aviation industry are sending another strong signal for the environment-friendly evolution of the travel industry.  Under the new cooperation, DB customers and passengers of Star Alliance member airlines will be able to start or end their long-distance journey comfortably on the climate-friendly train. Germany is the first market and DB is the world's first partner in the new Star Alliance initiative.

Ruling party in Japan records significant victory in the legislative vote 

In a parliamentary election in Japan, the ruling party and its coalition partner achieved a significant victory. In the 248-seat chamber, the Liberal Democratic Party (LDP) and its minor coalition partner Komeito increased their combined share to 146, well exceeding the majority in the elections for half of the upper house seats.  Japanese Prime Minister Kishida Fumio expressed his gratitude for the decision. He pledged to handle the nation's most pressing problems, such as the pandemic, the conflict between Russia and Ukraine, and the rising cost of life.

Tesla CEO Elon Musk terminates deal to buy Twitter for $44 billion 

Twitter has hired top law firm to charge legal action against Tesla and SpaceX CEO Elon Musk on his decision to terminate the $44 billion takeover deal. Musk decided to suspend the deal due to multiple breaches of the purchase agreement.  The two parties are likely set for a protracted court battle, according to lawyers. Musk could also be faced with paying a $1 billion breakup fee for walking away.

States News

Meghalaya to invest 300 crore in Childhood education programmes 

Meghalaya Chief Minister, Conrad K Sangma has announced Government that the government has earmarked Rs 300 crore from the externally aided projects to make investments in early childhood education programmes.  An estimated amount of Rs 8.33 crore has been spent on the construction of the DERT. The state and has come up with a road map to invest in early childhood education programmes.

BANKING, BUSINESS AND ECONOMY

Govt forms new trade advisory body; onboards TCS CEO, KKR India chief

The government has constituted a new Board of Trade, an advisory body to the Commerce and Industry Ministry. The 29-member board has been constituted by merging it with the existing Council for Trade Development and Promotion (CTDP), a notification by the Directorate General of Foreign Trade announced. The body includes TCS CEO Rajesh Gopinathan and KKR India Chairman Sanjay Nayyar.

Rupee closes at all-time low of 79.60 against US dollar

The Indian rupee ended at a record low of 79.60 (provisional) against the US dollar on Tuesday. The currency witnessed an intra-day high of 79.53 and a low of 79.66 against the US dollar in Tuesday’s trade. Meanwhile, the euro reached parity with the US dollar for the first time in 20 years on Tuesday.

 

Retail inflation eases marginally to 7.01% in June

The country’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to 7.01% in the month of June. It stood at 7.04% in May. This comes amid easing crude and edible oil prices. Further, India's factory output, measured in terms of Index of Industrial Production (IIP), witnessed a growth of 19.6% in May.

I am naturally disappointed: Vijay Mallya on 4-month jail sentence

Fugitive businessman Vijay Mallya said he was "naturally disappointed" at the Supreme Court verdict sentencing him to four months in jail in a 2017 contempt of court case. Mallya was convicted of contempt in 2017 for transferring $40 million to his children in violation of court orders. The apex court also imposed a fine of ₹2,000 on him.

 

Awards  News

Pallavi Singh wins the Mrs Universe Divine Crown in South Korea 

India's Pallavi Singh has won the Mrs Universe Divine Title at the finals held at Yeosu City, South Korea. She hails from Kanpur, India, and has made her country proud in this contest that saw participation from 110 countries.  This is a proud moment for India. Pallavi Singh was the contestant from Asia in the Mrs Universe contest and has demonstrated the strong will and commitment of Indian women to excel in all walks of life.

 

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Sports News

India’s GM D. Gukesh wins Gijon Chess Masters

India’s D. Gukesh won the Gijon Chess Masters, with eight points out of nine rounds. GM Alexandr Fier of Brazil finished second with 6.5 points while International Master Pedro Antonio Gines of Spain came third scoring six points.  With the win, Gukesh took his FIDE rating to 2693. If he crosses the Elo rating of 2700, Gukesh could well become the sixth Indian to do so after Viswanathan Anand, Krishnan Sasikiran, P. Harikrishna, Vidit Gujarati and B. Adhiban.

ISSF World Cup, South Korea: India’s Arjun Babuta wins first gold medal 

Arjun Babuta of India earned his first gold medal in shooting at the Changwon, South Korea, International Shooting Sport Federation (ISSF) World Cup stage. Final saw him overcome silver medalist for Tokyo 2020 Lucas Kozeniesky of the USA 17-9.  Arjun Babuta had previously outperformed Lucas Kozeniesky in the eight-men ranking round with a score of 261.1 to 260.4. Sergey Richter of Israel finished third with a score of 259.9, and Paarth Makhija of India came in fourth with a score of 258.1.

Books and Authors News

Meenakshi Lekhi launched ‘Swadhinta Sangram Na Surviro’ book 

Union Minister of State for External Affairs and Culture, Meenakshi Lekhi has launched a book in Gujarati commemorating the contributions of freedom fighters at a function.  The book, ‘Swadhinata Sangram Na Surviro’, celebrates 75 freedom fighters and shares the stories of the sacrifices made by them for the country.  The book is a part of the “Swadhinta Ka Amrit Mahotsav” to mark the 75th year of the country’s Independence. The book commemorates the contribution of our freedom fighters who battled imperialism & dedicated their lives for Maa Bharati.

Important Days

World Malala Day 2022 celebrates on 12th July 

International Malala Day is celebrated every year on July 12 on the occasion of young activist Malala Yousafzai’s birthday.  The United Nations (UN) designated this date to be marked as Malala Day to honour the young woman who has been advocating for female education. The day is used as an opportunity to appeal to world leaders to ensure compulsory and free education for every child.  In 2014, at age 17, She became the youngest-ever recipient of the Nobel Peace Prize in recognition of her efforts for children’s rights which had begun even before she was shot.

Obituaries News

Former Angolan President Jose Eduardo Dos Santos passes away 

Former President of Angolan, Jose Eduardo dos Santos has passed away at the age of 79. He was one of Africa’s longest-serving heads of state, who ruled for almost four decades as president of Angola.  He stepped down from the president’s post in 2017. He had also fought for the continent’s longest civil war and turned his country into a major oil producer.

Activist & Padma Shri awardee Avdhash Kaushal passes away at 84

Social activist and Padma Shri awardee Avdhash Kaushal passed away at 84 on Tuesday following a prolonged illness. Kaushal died at a private hospital in Dehradun. He headed the Rural Litigation and Entitlement Kendra NGO which was focused on development work amongst tribal communities in the Dehradun district. He founded the NGO in the late 1970s.

 

 

Miscellaneous News

Akash Air gets Air Operator Certificate from DCGA to take off 

Billionaire investor Rakesh Juhunjhunwala-owned, Akasa Air has been cleared for take-off. The no-frills airline received its air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA).  The airline will start its operations at the end of July. The grant of the AOC is the final step of a comprehensive process laid down by the DGCA. The airline inducted its first Boeing 737 Max aircraft on June 21.

India sets world record for building longest double-decker bridge in Nagpur 

The National Highways Authority of India (NHAI) and Maharashtra Metro achieved the world record for constructing the longest double-decker viaduct with a length of 3.14 km in Nagpur.  The longest viaduct with highway flyover and metro rail supported on single column piers. The maximum metro stations constructed on a double-decker viaduct are recognized by the Asia Book of Records & India Book of Records.  The development is the fulfilment of the promise by Prime Minister Shri Narendra Modi's Government on building world-class infrastructure in New India. 

 

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