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SEPTEMBER 25, 2022

NATIONAL NEWS

Mukul Rohatgi rejects Centre's offer of second term as Attorney General of India

Senior Advocate Mukul Rohatgi on Sunday turned down the central government's offer of a second term as Attorney General (AG) of India. Rohatgi had first served as the AG from 2014 to 2017 and as per ANI, he didn't give any specific reason for not returning to the post. Current AG KK Venugopal's term ends on September 30.

Govt aims to deliver 10 lakh Ayushman Bharat cards daily

Union Health Minister Mansukh Mandaviya on Sunday said the Centre aims to deliver 10 lakh Ayushman Bharat cards every day under its health scheme Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). He added that 19 crore beneficiaries have the card. About ₹100 crore will be spent in every district to strengthen the health infrastructure under the mission.
Best time to invest in India now: Minister to Indian diaspora in US

Interacting with Indian diaspora in the US, Union Minister of State Dr Jitendra Singh said this is "the best time" to invest in the country. He invited the NRIs and Persons of Indian origins to come and explore the start-up boom in India. With over 77,000 start-ups and 105 unicorns, our entrepreneurs are making a mark for themselves, he added.
Raj govt approves ₹100 cr additional package for small businesses

CM Ashok Gehlot-led Rajasthan government has approved additional financial support of ₹100 crore for the 'Mukhyamantri Laghu Protsahan Yojana' scheme to promote small businesses, a statement by the state's DIPR said. "This will help in the smooth operation of the scheme," the state government said. CM Gehlot has also approved a proposal for multiple exemptions to boost local exporters.
Break all records this festive season to buy Khadi products: PM

PM Narendra Modi, in his monthly radio address Mann Ki Baat on Sunday, urged people to 'break all records' in buying products of Khadi, handloom or handicrafts this festive season as part of the Vocal for Local campaign. "This campaign is also special because during...Azadi Ka Amrit Mahotsav, we're also onwards with the goal of a self-reliant India," he said.

92 Raj Congress MLAs threaten to quit to protest CM Gehlot's decision to step down

Around 92 Rajasthan Congress MLAs loyal to CM Ashok Gehlot reached Assembly Speaker CP Joshi's house to resign, in protest of Gehlot hinting that he will step down from the top post. "MLAs are upset that...CM Ashok Gehlot [took the] decision without consulting them," said Pratap Singh Khachariyawas. Gehlot will reportedly run for Congress presidential post.

 

INTERNATIONAL
Mozilla accuses Google, Microsoft & Apple of anti-competitive practices

Mozilla has criticised Apple, Google and Microsoft for their operating systems that make it difficult for browsers to be used on the platforms they control, Firefox Internet browser developer said in a report. These operating systems make it difficult for consumers to switch browsers by setting their own browsers as default in prime position on home screen, the report added.

Staff of Russian airlines begin receiving conscription(compulsory enlistment for state service, typically into the armed forces:)  notices: Report

Russian staff at airlines and airports have started receiving conscription notices after President Vladimir Putin ordered a partial military mobilisation, Kommersant reported. Staff of at least five airlines, including top carrier Aeroflot, and staff at over 10 airports reportedly received notices. Most pilots in airlines are reserve officers trained in flight schools' military departments.

Russia will face 'catastrophic consequences' if it uses nukes: US

US National Security Adviser Jake Sullivan on Sunday said Russia would face "catastrophic consequences" if it uses nuclear weapons against Ukraine. Washington has privately "spelt out [to Moscow] in...detail exactly what that would mean", he said referring to the US planned response to a nuclear attack. Russia has warned that it will use nuclear weapons if an "existential threat" arises.

Toyota shuts Russian factory, no plans to resume operation

Toyota announced that it was closing its assembly line near Saint Petersburg due to interruptions of supplies of key parts. The industrial site spanning over 224 hectares suspended production in March due to supply chain issues. It reportedly employed around 2,600 people and produced around 80,000 cars Camry and RAV4 models last year.

 

BANKING, BUSINESS AND ECONOMY
FPIs invest ₹8,600 crore in September; investment rate slows

According to data from depositories, Foreign Portfolio Investors (FPIs) have invested ₹8,638 crore of equity in India in September so far, amid Indian rupee's decline. Investors had invested over ₹51,000 crore last month. Fears of recession, further rate hikes by the US Federal Reserve and tensions in Russia and Ukraine were seen as reasons behind the decline.
70 lakh mutual funds investor accounts added in first 5 months of FY23

Data from the Association of Mutual Funds in India showed that asset management companies added 70 lakh investor accounts in the first five months of FY 2022-23. The increase was attributed to an increase in digital access and growing awareness about mutual funds. According to the data, 43 fund houses reported a total folio tally of 13.65 crore in August'22.
RBI may slow down on rate cuts till next year: Asian Development Bank

The Asian Development Bank (ADB) said that the Reserve Bank of India (RBI) may slow down the pace of rate hikes until next year to tackle inflation. The multilateral funding agency claimed the economic activity in India was yet to reach pre-pandemic levels. It raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7%.
India is shining star of global economy: S&P Chief Economist

During an interview, S&P Global Ratings Chief Economist Paul Gruenwald said that "India is the shining star of the global economy right now". "In a world where almost everyone is slowing down, India will be posting 7+% growth this fiscal year and 6.5% for...next year," Gruenwald said. He, however, added, "India...[has] to be cognisant of what...US Federal Reserve is doing."

 

India's defence exports grew 334% in last 5 years: Centre

The Centre on Sunday said defence exports have grown by 334% in last five years. "India [is] now exporting to over 75 countries due to collaborative efforts," the Centre said. Government wishes to change the fact that in last 75 years, India has continued to be one of the world's largest importers of defence products, Defence Secretary Ajay Kumar said.
Suzlon to raise ₹1,200 crore via rights issue

Suzlon Energy stated that it would issue rights of 240 crore shares at ₹5 per share to raise ₹1,200 crore. The company, in its regulatory filing, added that it had received approval from the Securities Issue Committee of the Board. Five rights equity shares will be issued for every 21 fully paid-up equity shares held by eligible shareholders.
Light Microfinance secures ₹196 crore in Series B funding

Ahmedabad-based NBFC Light Microfinance has secured ₹196 crore in its Series B funding led by British International Investment (BII). The company's existing investors, Nordic Microfinance Initiative (NMI), Triple Jump and Incofin IM, also participated in the funding. CEO Rakesh Kumar stated that the company will expand its presence in north India as well as its fintech offerings.
Nestle plans to invest ₹5,000 crore in India by 2025: Report

The CEO of Swiss food and beverage company Nestle, Mark Schneider on Friday said that the company is planning to invest ₹5,000 crore in India by 2025 to accelerate its core business in the country. The investment would reportedly be on capex (capital expenditure), setting up new plants and acquisitions. The investment will also help in creating more job opportunities.
India fastest growing global IoT module market in 2nd quarter: Report

According to Counterpoint Research, India was the fastest growing Internet of Things (IoT) module market, showing a growth of over 264% in the second quarter of this year. The sharp growth was attributed to smart meters, telematics, point of sale (POS) and automotive applications. Global cellular IoT module shipments grew by 20% in Q2 2022 (year-over-year).

SPORTS
India defeat Australia in 3rd T20I, win 11 out of their 14 international series in 2022

India defeated Australia by six wickets in the third T20I in Hyderabad to win the three-match series 2-1. The match witnessed Suryakumar Yadav and Virat Kohli slam fifties as India chased down 187-run target in 19.5 overs. India have now won 11 out of their 14 bilateral series across formats in international cricket in 2022.

Jasprit Bumrah records his worst-ever figures in T20I cricket

Team India fast bowler Jasprit Bumrah on Sunday recorded his worst-ever bowling figures in T20I cricket. The 28-year-old gave away 50 runs in his four overs and did not pick up any wicket. His previous worst figures in T20I cricket came on August 27, 2016, when he gave away 47 runs for two wickets against West Indies.

India break world record for winning most T20I matches in a calendar year

India have broken the world record for most victories in T20I cricket in a calendar year. The victory in the third T20I against Australia on Sunday was India's 21st victory in T20Is in 2022. The previous world record was held by Pakistan, who won 20 T20I matches in 2021. India have won 10 T20Is on their home soil this year.
Kenyan runner Eliud Kipchoge betters own world record by 30 secs

Two-time Olympic gold medalist Eliud Kipchoge bettered his own world record by posting a time of 2 hours, 1 minute and 9 seconds in the Berlin Marathon. The Kenyan long-distance runner shaved 30 seconds off his previous best mark he set at the same course in 2018. "My legs and my body still feel young," said 37-year-old Kipchoge.

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