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26th September 2022

 

 

National News

S&P Global retains India's GDP growth projection at 7.3% for FY23

S&P Global Ratings has said, "We've retained our India's [GDP] growth outlook at 7.3% for the fiscal year 2022-2023 and 6.5% for the next fiscal year." It also cited downside risks and said that inflation is likely to remain above RBI's upper tolerance threshold of 6% till 2022-end. Notably, ADB has slashed India's GDP growth forecast to 7% for FY23.

Tamil Nadu Cabinet approves ordinance to ban online gaming

The Tamil Nadu Cabinet headed by CM MK Stalin on Monday approved the ordinance to ban online gaming in the state. The ordinance will be promulgated after getting the approval of the Governor. In June, Stalin announced in the Assembly the formation of a committee to look into the adverse effects of online rummy.

President Murmu to inaugurate HAL's ICMF in Bengaluru

President Droupadi Murmu will inaugurate the Integrated Cryogenic Engine Manufacturing Facility (ICMF) established by Hindustan Aeronautics Limited in Bengaluru on September 27. The ₹208-crore facility would house the entirety of rocket engine manufacture. ICMF features over 70 high-tech tools and testing facilities for the production of cryogenic and semi-cryogenic engines for Indian rockets.

 

India to Invest $30 billion for 4G, 5G Connectivity to Every Village 

IT Minister Ashwini Vaishnaw said the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the rural areas.  Speaking at the 'Global Fintech Fest 2022', Vaishnaw said the government has reached out to over 1.5 lakh gram panchayats to date.  Prime Minister Narendra Modi has given us a clear mandate to overhaul our digital regulatory framework such that it is globally benchmarked and endorses global competitiveness.

Chhattisgarh CM Bhupesh Baghel launched ‘Hamar Beti Hamar Maan’ campaign

Chhattisgarh government has decided to launch a campaign on women’s safety titled ‘Hamar Beti Hamar Maan’ (our daughter, our honour).  The focus of the campaign is creating awareness on safety measures among school- and college-going girls and prioritising registration and investigation of women-related crimes. The launch of the campaign was announced by Chief Minister Bhupesh Baghel.   Under the campaign, lady police officers and personnel will visit schools and colleges in the state to hold discussions and give guidance on legal rights, good touch-bad touch and preventive measures against sexual harassment and exploitation, cybercrime and social media-related crime, to girl students.

INTERNATIONAL

Global economy paying high price for Russia's illegal war: OECD

Organisation for Economic Co-operation and Development (OECD) has said the global economy will take a bigger hit than previously forecast in 2023 amid the Russian invasion of Ukraine. "World economy is paying...high price for Russia's...illegal war of aggression against Ukraine," it said. OECD cut its 2023 growth forecast for the global economy to 2.2% from 2.8% it estimated in June.

US whistleblower Edward Snowden granted Russian citizenship

Edward Snowden, who exposed the scale of secret surveillance operations by America's National Security Agency, has been granted Russian citizenship by President Vladimir Putin. The 39-year-old had fled the US and was given asylum in Russia after he leaked secret files in 2013. US authorities have sought his return ever since for a criminal trial on espionage charges.

Don't think he is bluffing: Zelenskyy on Putin's nuke use warning

Ukrainian President Volodymyr Zelenskyy on Sunday said he does not think that Russian President Vladimir Putin is bluffing when he says his country would use nuclear weapons if its "territorial integrity" is threatened. Moscow has pledged "full military protection" to Russian-controlled Ukrainian regions should they choose to join Russia in "referendums" that are currently underway.

 

Philippines to shut 175 gambling firms, deport 40,000 Chinese workers

The Philippines will stop operations of 175 gambling firms and deport nearly 40,000 Chinese workers, the country's government said on Monday. Philippines offshore gambling operators are known for targeting clientele from China, where gambling is banned. "Reports of murder, kidnapping...committed by Chinese nationals against fellow Chinese nationals" prompted the crackdown, authorities stated.

Appointments News

Dr. Rajiv Bahl named as Director General of ICMR 

Dr Rajiv Bahl has been appointed as the new director general of the Indian Council of Medical Research (ICMR)-cum-secretary of the department of health Research for a period of three years.  Bahl currently heads the research on maternal, newborn child and adolescent health cum-newborn unit on maternal, Department of Maternal Newborn Child and Adolescent Health and Ageing, at the World Health Organisation (WHO) in Geneva.

Appointment of Sanjai Kumar as new Chairman & MD of Railtel 

As the new Chairman and Managing Director of RailTel, Sanjai Kumar is in charge. Sanjai Kumar previously held the position of Director (Network Planning & Marketing/NPM) at RailTel, along with the added responsibility of Director (Project, Operations & Maintenance/POM).  The University of Allahabad awarded Kumar a Bachelor of Technology in Electronic and Telecommunication Engineering, while the Management Development Institute in Gurugram awarded him a Post Graduate Diploma in Management.  He has around 30 years of varying experience in railroad operations, project management, and marketing. He is an officer of the Indian Railway Service of Signal Engineers (IRSSE).  He stated that he wanted to concentrate on doing business internationally, including exporting services and participating in international bids and contracts.

Former Indian captain Dilip Tirkey elected as President of Hockey India

Former India captain Dilip Tirkey, who was the front-runner for the post of Hockey India president, was elected unopposed for the top job.  He was elected after Uttar Pradesh Hockey chief Rakesh Katyal and Hockey Jharkhand's Bhola Nath Singh, who were in the fray for the president's post, withdrew their nominations.  The International Hockey Federation (FIH) has approved Tirkey and his team's appointments. Bhola Nath has been elected unopposed as secretary general.

Dr. M Srinivas named as new Director of AIIMS Delhi

The dean of Employees’ State Insurance Company (ESIC) Hospital and Medical College, Hyderabad, Dr M Srinivas has been appointed the director of New Delhi’s All India Institute of Medical Sciences (AIIMS), nearly six months after the tenure of the previous director, Dr Randeep Guleria, formally ended.  The appointment is for a period of five years with effect from the date of assumption of charge of the post, or till attaining the age of 65 years, or until further orders, whichever is the earliest, according to the order.

BANKING, BUSINESS AND ECONOMY

SEBI imposes ₹95 lakh fine on 19 persons for fraudulent trading

Securities and Exchange Board of India (SEBI) has imposed a fine of ₹95 lakh on 19 persons for indulging in manipulative trading in the shares of Global Infratech and Finance Limited. These persons reportedly followed a uniform strategy of executing 3,266 trades in a substantial quantity of shares to mislead investors. They have to pay the fine within 45 days.

BSE receives SEBI's final approval to launch EGR on its platform

Bombay Stock Exchange (BSE) said it has received the final approval from the capital markets regulator SEBI for introducing the Electronic Gold Receipt (EGR) on its platform. EGRs will cater to all market participants. The EGR platform will provide increased assurance in the quality of gold supplied, efficient price discovery, and transparency in transactions.

Govt extends foreign trade policy by 6 months

The Commerce Ministry announced it has decided to extend the existing Foreign Trade Policy (FTP) (2015-20) by another six months till March 2023. Additional Secretary in the Department of Commerce, Amit Yadav, said there were demands from different sectors to extend the policy. They claimed that currently there are challenges like global uncertainties and currency fluctuations.

Govt commits ₹7,385 cr under Fund of Funds for Startups

Fund of Funds for Startups (FFS), launched under the Startup India Initiative in 2016, has committed ₹7,385 crore to 88 Alternative Investment Funds (AIFs) as of September 24, the Ministry of Commerce and Industry said. FFS was announced with a corpus of ₹10,000 crore. The AIFs in turn have invested ₹11,206 crore in 720 startups, the Ministry added.

 

Leh achieved 100 percent digitization of banking operations

The highest-located district in India, Leh has achieved 100 per cent digitization of banking operations. Union Territory Level Bankers Committee Ladakh, the Reserve Bank of India has felicitated the bankers of the district.  Leh district has completed the digitization of all the operating banks in a short span of a year. Digital Banking refers to the electronic banking service provided by a bank for its financial, banking and other transactions through electronic devices online.  In 2019 RBI put forward a proposal to make at least one district of every state in the country have 100 per cent digitization of banking operations.

Awards News

Breakthrough Prize 2023 in Mathematics awarded to Daniel Spielman 

The 2023 winners of the Breakthrough Prizes, dubbed the "Oscars of Science," were announced and will split a total of more than $15 million.  2023 Breakthrough Prize laureates, recognized for their game-changing discoveries in Fundamental Physics, Life Sciences and Mathematics, along with early-career scientists who have made significant contributions to their fields.  Daniel A. Spielman has been honoured with the 2023 Breakthrough Prize in Mathematics for multiple discoveries in theoretical computer science and mathematics.

Schemes News

Government's Flagship Programme 'Make in India' Completes 8 years

Make in India, the flagship program of the Government of India that aspires to facilitate investment, foster innovation, enhance skill development, and build best-in-class manufacturing infrastructure, completes 8 years of path-breaking reforms on 25th September 2022.  Launched in 2014 under the Prime Minister Shri Narendra Modi, ‘Make in India’ is transforming the country into a leading global manufacturing and investment destination.  The initiative is an open invitation to potential investors and partners across the globe to participate in the growth story of ‘New India’. Make In India has substantial accomplishments across 27 sectors. These include strategic sectors of manufacturing and services as well.

 

 

 

 

 

Summits and Conferences News

Arogya Manthan 2022 launched by Mansukh Mandaviya

Arogya Manthan 2022 event was officially launched by the Union Health Minister in Government of India, Dr. Mansukh Mandaviya to commemorate four years since the launch of the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) and one year since the launch of the Ayushman Bharat Digital Mission (ABDM).  This two-day Arogya Manthan 2022 event covered a total of 12 sessions.  More than 10 crore impoverished people are intended to benefit from the programme, which offers vulnerable families a five lakh rupee health subsidy each year.  Prime Minister Narendra Modi in September 2018 announced its debut.

Science and Technology News
Jupiter comes closest to Earth in 60 years tonight, to be visible in night skies

Our solar system's largest planet Jupiter will make its closest approach to Earth since 1963 or in nearly six decades, NASA said. At its farthest point, the planet is 600 million miles away from Earth and will approach approximately 367 million miles at its nearest point. It'll reportedly be visible from 5.30 pm on Monday till 5.31 am tomorrow.

 

Amazon tie-up with Amp Energy to establish its first solar project in India

Amazon establishing its first solar project in India: Amazon said that its first solar farm would be located in India. Three solar power plants with a combined capacity of 420 megawatts (MW) will be built in Rajasthan by the largest e-commerce company, Amazon.  Along with Amp Energy, Amazon has also contracted to 210 MW and 110 MW projects with ReNew Power and Brookfield Renewables, respectively.  Amp Energy India, a producer of renewable energy (RE), has signed a power purchase agreement (PPA) to sell RE to Amazon from a 100 MW solar power facility in Rajasthan as part of Amazon's plans for India.

Books and Authors News

Jagdeep Dhankhar released a book titled "Pandit Deendayal Upadhyay - Jeevan Darshan Aur Samsamyikta"

The Vice President, Shri Jagdeep Dhankhar has released the book titled "Pt. Deendayal Upadhyay - Jeevan Darshan Aur Samsamyikta" (five volumes) in New Delhi and on this occasion highlighted the importance of Pt Deendayal's thoughts in contemporary times.  Defence Minister Rajnath Singh, former Union Minister Dr Murli Manohar Joshi and other dignitaries were among those attending the event.  The Vice President appreciated the efforts of the Chief Editor of the book, Dr Bajrang Lal Gupta and his team for coming out with these well-researched five volumes on one of the foremost leaders of modern India.  He also thanked Shri Rajnath Singh and Dr Murli Manohar Joshi for their insightful speeches on the life and work of Pt Deendayal Upadhyay on the occasion.

Important Days

International Daughter’s Day 2022: 25 September

International Daughter’s Day is observed every year on the fourth Sunday of September. This year, the day is being celebrated on September 25.  This day is celebrated to cherish our daughters who bring love and happiness to our lives. To mark this day, people across the globe celebrate by spending some quality time with their daughters and doing something special for them.  Organizations and governments also strive to close the gender gap and provide society with equal opportunity. As the special day is here, let’s take a look at these wishes, quotes, and greetings to share.

World Pharmacists Day 2022 celebrates on 25th September

Every year on September 25, World Pharmacist Day is commemorated with the goal of highlighting and advocating the pharmacist's contribution to health improvement.  The occasion of World Pharmacy Day serves as a reminder to honour all medical specialists who provide their services with empathy and understanding. Pharmacists provide the availability of pharmaceuticals and guidance on safe medication usage.  A pharmacist is a healthcare professional who is responsible for storing, handling, and dispensing medicines. Like doctors, pharmacists also have a major role to play in the healthcare sector.

International Day for the Total Elimination of Nuclear Weapons 2022

The United Nations observes 26 September every year as the International Day for the Total Elimination of Nuclear Weapons.  The aim of the day is to enhance public awareness about the threat posed to humanity by nuclear weapons and the necessity for their total elimination.  It provides an opportunity to educate the public and their leaders about the real benefits of eliminating such weapons, and the social and economic costs of perpetuating them. 

 

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