Current Affairs July 01st 2022| Current Affairs News

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CURRENT AFFAIRS: IMPORTANT DAYS

National Doctors’ Day- 1st July

  • India celebrates National Doctors’ Day on July 1 every year to honor the birth and death anniversary of the great physician and second chief minister of West Bengal, Dr. Bidhan Chandra Roy (B.C Roy).
  • This day serves to show gratitude to all those doctors who have selflessly aided us in our time of need and tirelessly worked for the health of their patients.

Theme:

  • The theme of this year’s National Doctors’ Day is ‘Family Doctor on the Front Line’.

History:

  • National Doctors’ Day was first celebrated in the year 1991 to show gratitude for the hard work and contribution of Bidhan Chandra Roy, who was also the former Chief Minister of Bengal.
  • He was born on July 1, 1882, and died on July 1 in the year 1962.
  • To honor him for his contribution to the medical fraternity during his tenure July 1 has been observed as National Doctors’ Day.
  • The Bharat Ratna recipient played a great role in establishing medical institutions like Jadavpur TB Hospital, Chittaranjan Seva Sadan, Kamala Nehru Memorial Hospital, Victoria Institution (College), Chittaranjan Cancer Hospital, and the Chittaranjan Seva Sadan for women and children.
  • The first time Doctor’s Day was observed was in March 1933 in the US state of Georgia. This day was celebrated by sending a card to the physicians and placing flowers on the graves of dead doctors.

National Postal Worker Day- July 1

  • National Postal Workers Day is celebrated annually on July 1 to show appreciation for the postal workers’ hard work that they put in to deliver our mail and deliveries on time.
  • Postal workers walk or travel miles a day to deliver letters and packages to our doorsteps.

HISTORY

  • July 1 was declared National Postal Worker Day in 1997 by a Seattle-area postal carrier to honor fellow employees and since then it is celebrated every year on this day.
  • In the United States, postal workers walk an average of 4 to 8 miles to deliver a full load of letters and packages.
  • Approximately 490,000 postal workers work in the United States.
  • No matter how the weather or condition is, postal workers deliver mail.

National Chartered Accountants Day- 1st July

  • Every year on July 1, National Chartered Accountants Day, often known as CA Day, is observed.
  • The founding of the Institute of Chartered Accountants of India (ICAI) by the Indian parliament in 1949 is commemorated on this day.
  • Every year on the anniversary of the ICAI’s founding, CA Day is observed to honor-chartered accountants.

History:

  • During the British regime, all companies used to keep a firm record of their accounts under the Companies Act of India.
  • Certified auditors, who completed a course on accountancy diploma, used to audit the books of accounts.
  • In India, the accounting profession remained unregulated till 1948.
  • In the same year, an expert committee suggested the formation of an autonomous body and the Chartered Accountant Act in 1949.
  • The ICAI was established on 1 July 1949 to regulate the accounting laws in India.

About the Institute of Chartered Accountants of India (ICAI):

  • The second-largest accounting association in the world, ICAI is the national professional accounting organization of India.
  • On this day in 1949, a Parliament-passed Act created the Institute of Chartered Accountants of India (ICAI).
  • The National Financial Reporting Authority (NFRA), businesses, and accounting organizations all abide by the guidelines of the ICAI, which is the only licensing and regulatory authority for the financial audit and accounting profession in India.

CURRENT AFFAIRS: NATIONAL NEWS

The government has launched the Dak Karmayogi e-learning platform:

  • Shri Ashwini Vaishnav, the minister of communication, railways, electronics, and IT, and Shri Devusinh Chauhan, the minister of state for communications, unveiled the Dak Karmayogi, a department of the posts e-learning platform.
  • The event took place in Stein Auditorium at Indian Habitat Center.
  • This website was created by the mission Karmayogi vision, which Prime Minister Shri Narendra Modi launched to increase the efficiency of the government of India’s bureaucracy and achieve maximum governance with minimal government.

Objectives

  • By giving students access to uniform, appropriate training materials online and in a hybrid campus setting, the Dak Karmayogi portal seeks to improve the competencies of approximately 4 lakh Gramin Dak Sevaks and department employees so they can more successfully provide a variety of G2C services for increased customer satisfaction.
  • An automatically created course completion certificate will be emailed to the trainee’s registered email ID after they complete the final summative exam.
  • The site enables the class to provide comments, ratings, and enhancement requests for each film and other pieces of educational information.

Meghdoot Award:

  • The Meghdoot Award, which was first presented in 1984, is the highest honor bestowed upon a departmental post at the federal level for overall performance and excellence.
  • The winners get a medallion, a certificate, and a monetary award of 21,000 rupees.

CURRENT AFFAIRS: STATE NEWS

Kerala Govt to roll out MEDISEP scheme for State Government employees

  • The Kerala Government has unveiled the largest-ever health insurance scheme named Medical Insurance Scheme for State Employees and Pensioners (MEDISEP) which will be effective from July 1st, 2022.

Who is eligible for the MEDISEP Scheme?

  • MEDISEP scheme applies to government employees, pensioners/family pensioners and their eligible family members, and employees and pensioners of universities that receive a grant in aid from the state government and the local self-government institutions

About the MEDISEP scheme :

  • The scheme will provide cashless medical assistance with comprehensive coverage of up to 3 lakhs per year.
  • The annual premium would be Rs 4,800 plus 18 percent GST for the policy period of 2022-24 & the monthly premium of Rs.500 will be deducted from the salary of June 2022 and pension of July 2022.
  • The scheme will cover more than 1,920 medical procedures and will have over 200 private and government hospitals of the rank of taluk hospital and above, in its network.
  • Around 30 lakh people will be benefitted from the scheme.
  • The medical insurance plans will also cover newborns and twins of an insured mother from day one to the end of the current policy plan period.
  • The MEDISEP is being implemented through the public sector insurer, Oriental Insurance Company.

About Kerala :

  • Governor: Arif Mohammad Khan
  • Chief Minister: Pinarayi Vijayan
  • Capital: Thiruvananthapuram

Telangana govt launches T-hub facility

  • Chief Minister of Telangana Shri K Chandrasekhar Rao is scheduled to inaugurate the new facility of business incubator T-Hub in Hyderabad.
  • The new T-hub facility in Hyderabad will be a great boost to the Indian startup ecosystem.

About Telangana T-Hub:

  • The T-Hub 2.0 has a total built-up area of more than 5.82 lakh square feet, which makes it the world’s largest innovation campus, the second largest being startup incubator Station F based in France.
  • It will be a microcosm of the innovation ecosystem which will house more than 2,000 startups, corporates, investors, academia, and national and international ecosystem enablers.
  • The new facility is built up in an area covering 3.5 lakh sq ft space and it is expected to be India’s largest prototyping facility.
  • It is built at a cost of about Rs 276 crore.
  • The T-Hub (Technology Hub) was established in 2015, at IIT Hyderabad & it is an innovation hub and ecosystem enabler based out of Hyderabad.
  • T-Hub is a partnership between the Government of Telangana, three academic institutes in Hyderabad
  1. The International Institute of Information Technology
  2. The Indian School of Business
  3. National Academy of Legal Studies and Research and also the private sector.

About Telangana :

  • Governor: Tamilisai Soundararajan
  • Chief minister: K. Chandrashekar Rao
  • Capital: Hyderabad

CURRENT AFFAIRS: BANKING & FINANCE

Bajaj Allianz launches ‘Global Health Care’

  • Bajaj Allianz General Insurance, one of the leading private general insurers in India, has announced the launch of a new health insurance product ‘Global Health Care’.
  • The company collaborates with Allianz Partners to provide a seamless claims settlement experience for customers outside of India.
  • The product allows insured members to plan any treatment abroad or in India worry-free, thus availing the best medical facilities anywhere across the globe.

About ‘Global Health Care’ :

  • Global Health Care is a first-of-its-kind health insurance product from Bajaj Allianz the which opens up off-shore treatment facilities for Indian customers
  • It is a comprehensive health indemnity insurance product that provides seamless cover to the policyholder for planned and emergency treatment availed from health care providers Internationally (outside of India) and domestically (within India).

Key Features :

  • It offers policyholders the option to choose between worldwide cover including the US and worldwide cover excluding the US.
  • Product available in two plans Imperial Plan and Imperial Plus Plan, both offering international and domestic covers
  • The domestic cover for ‘Imperial Plan’ and ‘Imperial Plus Plan’ provides In-Patient Hospitalization treatment, Pre and Post-Hospitalization Expenses with benefits like Ambulance (Air and Road), Day Care Procedures, Living Donor Medical Costs, Modern Treatment Methods & Technological Advancement, Mental Illness treatment and Rehabilitation amongst others.
  • The premium starts from INR 39,432 excluding GST; Sum insured ranges from INR 37,50,000 to INR 3,75,00,000 (INR 3.75 Crores) for domestic coverage and corresponding international coverage that ranges from USD 100,000 to USD 1,000,000 (USD 1 Million).
  • This product is offered to Indians residing in India with a sum insured available on an individual basis for a policy cover period of 1 year.
  • The entry age for adult members is from 18 to 65 years and for dependent children is from 3 months to 30 years with a lifetime renewal option.
  • Cashless and Reimbursement claim settlement options are available in the Global Health Care product.
  • An additional 5 percent discount will be applicable if two or more members of the family opt for the policy.

About Bajaj Allianz General Insurance :

  • MD & CEO: Tapan Singhel
  • Headquarters: Pune, Maharashtra
  • Parent organizations: Bajaj Finserv Ltd., Allianz SE

Star Health, IDFC FIRST Bank announce Bancassurance tie-up

  • Star Health and Allied Insurance, one of the leading Health Insurance companies in India, has signed a Corporate Agency agreement with IDFC FIRST Bank, for the distribution of its health insurance solutions.

About the Partnership :

  • Under the agreement, Star Health will offer its health insurance products to the bank’s customers using the latter’s digital platform and its distribution network.
  • The strategic tie-up with IDFC First Bank is a step to make health insurance more accessible to all.
  • It will help reach out to IDFC First’s customers and enable them to financially safeguard themselves from rising healthcare costs.
  • IDFC FIRST Bank has a digital-first approach and serves customers through its net banking platform and a mobile app, which complement its branches, ATMs, and loan centers across India.

About Star Health and Allied Insurance Co Ltd :

  • Founded: 2006
  • Headquarters: Chennai, Tamil Nadu, India
  • Chairman & CEO: V Jagannathan
  • Managing Director: Anand Roy

About IDFC FIRST Bank :

  • Founded: 2018
  • Headquarters: Mumbai, Maharashtra, India
  • MD & CEO : V. Vaidyanathan
  • IDFC FIRST Bank was formed by the merger of erstwhile IDFC Bank & Capital First.

Cash free Payments partners EasyTransfer to offer international payments services

  • Fintech company Cashfree Payments India Private Limited has partnered with EasyTransfer to offer a faster, easier, and cheaper platform for Indian students to make fee payments to universities and educational institutions abroad.

About the Partnership :

  • The partnership will allow Indian students to make educational payments directly through their existing bank accounts, eliminating the need to set up a new account specifically for making such payments.
  • EasyTransfer and Cashfree Payments have streamlined India’s Liberalised Remittance Scheme (LRS) declaration process, allowing payments to be completed fully online.
  • The EasyTransfer payments platform for Indian students will be launched by early June 2022.
  • It will be fully customized for Indian international students and their families.

About EasyTransfer :

  • Founded: 2013
  • Headquarters: Singapore
  • Co-founder and President: Tony Gao

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Mukesh Ambani resigns from Reliance Jio, Akash Ambani Became New chairman

  • The Reliance Industries Limited Chairperson & Managing Director Mr. Mukesh Ambani has resigned from the board of Reliance Jio, the telecom arm of the oil-to-retail conglomerate RIL.
  • Meanwhile, the Board of directors of Reliance Jio approved the appointment of Mr. Mukesh Ambani’s eldest son Akash M Ambani, non-executive director, as the Chairman of the Board of Directors of Reliance Jio.
  • Mukesh Ambani will continue to serve as chairman and managing director of Reliance Industries Ltd (RIL) and as the chairman of Jio Platforms Ltd, the parent firm of all Jio digital services brands, including Reliance Jio Infocomm.

Other Appointments :

  • The Board approved the appointment of Pankaj Mohan Pawar as managing director of Jio for 5 years from June 27, 2022.
  • KV Chowdhary and Mr. Raminder Singh Gujral were named independent directors for 5 years.

About Mr Akash M Ambani :

  • Akash Ambani, who has graduated from Brown University with a major in Economics.
  • Now he is leading the creation of the convergence dividend for over 500 million consumers.
  • He is the co-owner of the Indian Premier League (IPL) franchise Mumbai Indians.

About RIL :

  • Founded: 8 May 1973
  • Headquarters: Mumbai, Maharashtra
  • Chairman & MD : Mukesh Ambani

Justice Mr. Ujjal Bhuyan takes oath as Telangana HC Chief Justice

  • Justice Mr. Ujjal Bhuyan was sworn in as the Chief Justice of Telangana High Court in a ceremony held at Raj Bhavan.
  • He is the 5th Chief Justice of the Telangana High Court after its separation from the combined Andhra Pradesh High Court on January 1, 2019.
  • Governor Mrs. Tamilisai Soundararajan administered the oath of office to Justice Bhuyan.
  • Chief Minister Shri K Chandrashekar Rao and Union Minister Shri G Kishan Reddy and senior officials were present on the occasion.

About Mr. Justice Ujjal Bhuyan :

  • Justice Mr. Ujjal Bhuyan was born on August 2, 1964, in Guwahati, Assam.
  • He was enrolled in 1991 with the Bar Council of Assam, Nagaland, Meghalaya, Manipur, Tripura, Mizoram, and Arunachal Pradesh.
  • He was appointed as Additional Advocate General, Assam in 2011.
  • He served as a member of Gauhati High Court Bar Association, Lawyers Association, Guwahati, Bar Association of India, All India Federation of Tax Practitioners, and Indian Law Institute, Assam Chapter.
  • He was appointed as Additional Judge of Gauhati High Court on October 17, 2011.
  • He was also the Executive Chairman of Mizoram State Legal Services Authority & Telangana State Legal Services Authority.
  • Before being appointed as a judge of Telangana High Court, Justice Bhuyan had served as a judge of Bombay High Court.
  • On October 11, 2021, he took oath as judge of Telangana High Court.
  • Earlier on June 19, 2022, the Central government-appointed Justice Mr. Ujjal Bhuyan as the new Chief Justice & he succeeded Justice Mr. Satish Chandra Sharma, who was transferred to the Delhi High Court.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

SBI, HDFC, and ICICI Bank acquire 9.54% stakes each in Perfios Account Aggregation Services

  • The State Bank of India (SBI), HDFC Bank, and ICICI Bank acquired a 9.54 percent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA).
  • The 3 banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.
  • According to regulatory filings, the lenders bought the shares at Rs 50 a piece.
  • The investments will be subject to the approval of the Reserve Bank of India (RBI).

About Perfios Account Aggregation Services Private Limited (Perfios AA) :

  • Headquarters: Bengaluru, Karnataka
  • CEO : Srikanth Rajagopalan
  • Perfios AA had a turnover of Rs 0.09 crore (provisional) and a loss of Rs 3.4 crore (provisional) in FY22.

CURRENT AFFAIRS: AWARDS AND HONOUR

IG Drones receives the Global Airwards Best Drone Organization Award:

  • The “Best Drone Organization – Start-up Category” award was presented by Airwards to the Delhi-based, market-leading drone enterprise platform business IG Drones.
  • For its strategy of assisting local communities and providing access to technology to many stakeholders during natural catastrophes and crises, IG Drones has been chosen for the award.

About IG Drones:

  • To improve the effectiveness and efficiency of first responders’ assistance in emergency response and catastrophe mapping, IG Drones is creating innovative technology-based disaster response and mitigation methods.
  • In major catastrophes like the Assam Floods, Amphan Cyclone, Fani Cyclone, Jajpur Flood in Odisha, Maharashtra Flood, and Uttarakhand CloudBurst, they have used a drone and GIS technologies to save hundreds of thousands of lives.

Airwards Programme:

  • The first panoptic global awards program of its type airwards is focused on uncovering, recognizing, and supporting the diversity of creative, safe, and practical drone use cases from around the 38 drone professionals and business executives evaluated more than 120 entries from across the world to determine the 18 major category winners for this year’s Airwards.
  • The winners, who will be revealed during the second-ever Airwards Winners’ Week (23–31 May 2022), have been acknowledged by Airwards as the absolute best drone-related projects in terms of innovation, responsibility, and impact.

CURRENT AFFAIRS: DEFENCE NEWS

Indian Coast Guard (ICG) commissions Advanced Light Helicopter MK III squadron at Porbandar

  • The Indian Coast Guard(ICG) commissioned the indigenous Advanced Light Helicopter (ALH) squadron MK-III (CG)-835 at Porbandar port in
  • Advanced Light Helicopter (ALH) MK III squadron was commissioned by DG-ICG Mr. Virendra Singh Pathania & commanded by Commandant Sunil Dutt and manned by 10 officers and 52 men.
  • Till now 13 ALH MK III aircraft have been inducted into the ICG in a phased manner, and 4 of these are positioned at Porbandar, Gujarat.

About ALH MK III squadron :

  • ALH MK III helicopters have been indigenously manufactured by Hindustan Aeronautics Limited (HAL).
  • The squadron has flown over 1,200 hours and conducted numerous operational missions, including the maiden night search and rescue mission off the Diu coast.
  • It features state-of-the-art equipment, including advanced RADAR as well as electro-optical sensors, Shakti engines, a Full-glass cockpit, a High-intensity searchlight, Advanced communication systems, an Automatic identification system, and Search-and-rescue (SAR) homer.
  • These features enable them to undertake maritime reconnaissance and carry out search and rescue at extended ranges even while operating from ships, both by day and night.
  • The aircraft can switch roles from being an offensive platform with a heavy machine gun to that of one carrying a medical intensive care unit to facilitate the transfer of critically ill patients.

About ICG :

  • Founded: 1 February 1977 by the Coast Guard Act, 1978 of the Parliament of India.
  • Headquarters: New Delhi, Delhi, India
  • Director-General: Virender Singh Pathania
  • The Coast Guard works in close cooperation with the Indian Navy, the Department of Fisheries, the Department of Revenue (Customs), and the Central and State police forces.
  • It operates under the Ministry of Defence

Indigenously developed Laser-Guided ATGM successfully tested by DRDO & Indian Army

  • The Indigenously-developed Laser-Guided Anti-Tank Guided Missile (ATGM) was successfully test-fired from Main Battle Tank (MBT) Arjun by Defence Research and Development Organisation (DRDO) and the Indian Army at KK Ranges near Ahmednagar, Maharashtra with the support of Armoured Corps Centre & School (ACC&S).
  • It is developed by 2 Pune-based facilities of the DRDO’s Armament and Combat Engineering (ACE) Cluster the Armament Research and Development Establishment (ARDE) and the High Energy Materials Research Laboratory(HEMRL) in association with Instruments Research and Development Establishment (IRDE), Dehradun, Uttarakhand.

About Laser-Guided ATGM :

  • The ATGM has been developed with multi-platform launch capability and is currently undergoing technical evaluation trials from the 120 mm rifled gun of MBT Arjun.
  • With the trial, the ATGM’s capability to engage targets from minimum to maximum range has been established.
  • The successful development of laser-guided ATGM will enhance the firepower of the MBT Arjun.
  • The ATGM uses a ‘tandem’ High Explosive Anti Tank(HEAT) warhead.
  • It can defeat the protected armored vehicles in ranges from 5 to 5 kilometers which use Explosive Reactive Armours(ERA)
  • The term tandem refers to the missiles using more than one detonation to effectively penetrate the protective armors of the adversary tanks.

About Ministry of Defence :

  • Defence Minister: Rajnath Singh
  • Minister of State: Ajay Bhatt
  • Defence Secretary: Dr. Ajay Kumar

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

NASA’s CAPSTONE mission launches to the Moon

  • National Aeronautics and Space Administration’s (NASA) spacecraft, called Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE), a lunar orbiter was successfully launched on Rocket Lab’s Electron rocket from the Rocket Lab Launch Complex 1 on the Mahia Peninsula of New Zealand.
  • The microwave-oven-sized CubeSat was designed and built by Tyvak Nano-Satellite Systems, a Terran Orbital Corporation.
  • It will study a specific orbit where NASA plans to build a small space station for astronauts to stop before and after going to the moon’s surface.

About CAPSTONE :

  • CAPSTONE is a 12-unit CubeSat.
  • It will test a navigation system that will measure its position relative to NASA’s Lunar Reconnaissance Orbiter (LRO) without relying on ground stations.
  • The spacecraft belongs to & will be managed by Advanced Space, a 45-employee company just outside of Denver.
  • CAPSTONE is inexpensive, costing just less than $30 million & performs calculations to determine 55-pound (25 Kilogram).
  • CAPSTONE will provide data about operating in an NRHO and showcase key technologies.
  • It is attached to Rocket Lab’s Lunar Photon, an interplanetary third stage that will send CAPSTONE on its way to deep space.
  • The mission’s Cislunar Autonomous Positioning System, developed by Advanced Space with support from NASA’s Small Business Innovation Research program, is a spacecraft-to-spacecraft navigation and communications system that will work with NASA’s Lunar Reconnaissance Orbiter to determine the distance between the two lunar orbiting spacecraft.
  • This technology could allow future spacecraft to determine their position in space without relying exclusively on tracking from Earth.

About NASA :

  • Established: July 29, 1958
  • Headquarters: Washington, D.C, United States
  • Administrator: Bill Nelson

CURRENT AFFAIRS: RANKS & REPORTS

NITI Aayog Launches Report on India’s Gig and Platform Economy

  • National Institution for Transforming India (NITI) Aayog’s Vice Chairman Suman Bery, CEO Amitabh Kant, and Special Secretary Dr. K Rajeswara Rao launched a report titled ‘India’s Booming Gig and Platform Economy’.
  • The report is a first-of-its-kind study that presents comprehensive perspectives and recommendations on the gig–platform economy in India.

Key Highlights of the report :

  • The report estimates that in 2020–21, 77 lakh (7.7 million) workers were engaged in the gig economy.
  • They constituted 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India.
  • The gig workforce is expected to expand to 2.35 crore (23.5 million) workers by 2029–30.
  • Gig workers are expected to form 6.7% of the non-agricultural workforce or 4.1% of the total livelihood in India by 2029–30.
  • At present, about 47% of the gig work is in medium-skilled jobs, about 22% in high skilled, and about 31% in low-skilled jobs.
  • When workers are classified by industries, the report said that 26.6 lakh gig workers were involved in retail trade and sales in FY20, and about 13 lakh were in the transportation sector.
  • 6.2 lakh persons were in manufacturing and another 6.3 lakh in the finance and insurance activities.
  • The report however notes that this is an estimation, and there is no official data to authoritatively estimate the extent of gig work in the country “thereby rendering the gig workforce invisible.”

Recommendations :

  • The recommendations in this report will serve as a crucial resource for ministries, state governments, training providers, platform companies, and other stakeholders to work in collaboration for promoting growth and employment opportunities in this sector.
  • Further, to harness the potential of the gig-platform sector, the report recommended accelerating access to finance through products specifically designed for such workers, linking self-employed individuals engaged in the business of selling regional and rural cuisine or street foods with platforms to enable them to sell their products to wider markets in towns and cities.

About NITI Aayog :

  • Established: 1 January 2015
  • Headquarters: New Delhi, Delhi, India
  • CEO: Parameswaran Iyer
  • Vice Chairperson : Suman Bery

CURRENT AFFAIRS: MOUS AND AGREEMENT

Protean and Pay Nearby collaborate to offer e-PAN Services:

  • Protean eGov Technologies Ltd (formerly NSDL e-Governance Infrastructure Ltd) and PayNearby have forged a partnership to deliver PAN-related services for its retail partners using Aadhaar and biometric or SMS-based OTP authentication for its clients.
  • The collaboration aims to enhance the provision of services to millions of residents.

Key points:

  • Local firms would be able to provide inexpensive online PAN services more quickly and easily if paper applications and supporting documents were not required.
  • A physical copy of the ePAN will be delivered to the customers at their specified address in 4-5 working days after a digital copy has been prepared immediately after the online application form has been submitted.
  • Protean receives and manages PAN applications for the Income Tax Department of the Government of India.
  • As part of the deal, PayNearby will act as Protean’s PAN Service Agency (PSA).
  • Because PayNearby services over 75% of the Indian market, retailers may now accept PAN applications without paper because Protean will be able to greatly increase PAN service coverage across the country, especially to remote areas, through a PayNearby shop.
  • Through trustworthy local touchpoints, the collaboration will integrate the underbanked and unbanked segments of the population into the tax system, increasing the country’s tax collection and providing microbusiness owners with an additional source of income.

CURRENT AFFAIRS: SPORTS NEWS

World Cup-winning captain, leaves international cricket: Eoin Morgan

  • The England and Wales Cricket Board has confirmed that Eoin Morgan will immediately retire from international cricket (ECB).
  • The men’s white-ball team from England was led by Morgan.
  • During his 13-year international career with England, the 35-year-old captained England Men to their first-ever ICC Men’s Cricket World Cup win at Lord’s in 2019.
  • Additionally, he represented England at the 2010 ICC Men’s T20 Cricket World Cup in the Caribbean.

About Morgan:

  • Morgan has earned the most caps for England Men and has scored the most runs throughout all ODI and T20I matches.
  • During his seven years as the Men’s ODI captain, he helped England to the top of the ICC global rankings by winning notable series against all the major nations.
  • He accumulated 6,957 runs throughout that period, including 1300 runs at an average of 39.75, earning a record-breaking 225 ODI caps.
  • Morgan led England to 76 triumphs in 126 games with a win percentage of 60%, the best victory total of any men’s ODI captain in the history of the sport.
  • He and MS Dhoni of India held the record for the most Men’s T20 International team captain appearances with 72.
  • He made 2,458 runs overall while playing 115 times for England.
  • Over three years, he was given 16 Test cricket caps, earning two centuries.
  • He also owns the record for the most sixes ever in an ODI inning with 17 against Afghanistan at the 2019 ICC Cricket World Cup.

Sydney McLaughlin, an Olympic champion, smashes her own 400-meter hurdles world record:

  • At the American championships in Eugene, Oregon, Olympic gold medalist Sydney McLaughlin shattered her own women’s 400-meter hurdles world record by taking the title in 51.41 seconds.
  • In front of a cheering audience, the 22-year-old took the lead early and never gave the rest of the field a chance to catch up, securing her place in the global championships.
  • With Shamier Little coming in third in 53.92 seconds, Britton Wilson came in 1.67 seconds farther back.
  • Sydney had held the record with a performance in the U.S. Olympic trials in 51.90 seconds, but Tokyo broke that mark by winning gold in 51.46.

Daily CA on July 01 :

  • India celebrates National Doctors’ Day on July 1 every year to honor the birth and death anniversary of the great physician and second chief minister of West Bengal, Dr. Bidhan Chandra Roy (B.C Roy).
  • National Postal Workers Day is celebrated annually on July 1 to show appreciation for the postal workers’ hard work that they put in to deliver our mail and deliveries on time.
  • Every year on July 1, National Chartered Accountants Day, often known as CA Day, is observed.
  • Shri Ashwini Vaishnav, the minister of communication, railways, electronics, and IT, and Shri Devusinh Chauhan, the minister of state for communications, unveiled the Dak Karmayogi, a department of the posts e-learning platform.
  • The Kerala Government has unveiled the largest-ever health insurance scheme named Medical Insurance Scheme for State Employees and Pensioners (MEDISEP) which will be effective from July 1st, 2022.
  • Chief Minister of Telangana Shri K Chandrasekhar Rao is scheduled to inaugurate the new facility of business incubator T-Hub in Hyderabad.
  • Bajaj Allianz General Insurance, one of the leading private general insurers in India, has announced the launch of a new health insurance product ‘Global Health Care’.
  • Star Health and Allied Insurance, one of the leading Health Insurance companies in India, has signed a Corporate Agency agreement with IDFC FIRST Bank, for the distribution of its health insurance solutions.
  • Fintech company Cashfree Payments India Private Limited has partnered with EasyTransfer to offer a faster, easier, and cheaper platform for Indian students to make fee payments to universities and educational institutions abroad.
  • The Board of directors of Reliance Jio approved the appointment of Mr. Mukesh Ambani’s eldest son Akash M Ambani, non-executive director, as the Chairman of the Board of Directors of Reliance Jio.
  • Justice Mr. Ujjal Bhuyan was sworn in as the Chief Justice of Telangana High Court in a ceremony held at Raj Bhavan.
  • The State Bank of India (SBI), HDFC Bank, and ICICI Bank acquired a 9.54 percent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA).
  • The Indian Coast Guard(ICG) commissioned the indigenous Advanced Light Helicopter (ALH) squadron MK-III (CG)-835 at Porbandar port in
  • The Indigenously-developed Laser-Guided Anti-Tank Guided Missile (ATGM) was successfully test-fired from Main Battle Tank (MBT) Arjun by Defence Research and Development Organisation (DRDO) and the Indian Army at KK Ranges near Ahmednagar, Maharashtra with the support of Armoured Corps Centre & School (ACC&S).
  • National Aeronautics and Space Administration’s (NASA) spacecraft, called Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE), a lunar orbiter was successfully launched on Rocket Lab’s Electron rocket from the Rocket Lab Launch Complex 1 on the Mahia Peninsula of New Zealand.
  • National Institution for Transforming India (NITI) Aayog’s Vice Chairman Suman Bery, CEO Amitabh Kant, and Special Secretary Dr. K Rajeswara Rao launched a report titled ‘India’s Booming Gig and Platform Economy’.
  • The “Best Drone Organization – Start-up Category” award was presented by Airwards to the Delhi-based, market-leading drone enterprise platform business IG Drones
  • Protean eGov Technologies Ltd (formerly NSDL e-Governance Infrastructure Ltd) and PayNearby have forged a partnership to deliver PAN-related services for its retail partners using Aadhaar and biometric or SMS-based OTP authentication for its clients.
  • The England and Wales Cricket Board has confirmed that Eoin Morgan will immediately retire from international cricket (ECB).
  • At the American championships in Eugene, Oregon, Olympic gold medalist Sydney McLaughlin shattered her own women’s 400-meter hurdles world record by taking the title in 51.41 seconds.

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