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CURRENT AFFAIRS: IMPORTANT DAYS
World Day Against Child Labour- June 12
- World Day Against Child Labour 2022 is observed all over the world on June 12th as an awareness event to protect children against labor.
- Every year on June 12th, around 100 countries throughout the world commemorate World Day Against Child Labour.
- The International Labour Organization established the World Day Against Child Labour in 2002.
Theme
- World Day Against Child Labour Theme 2022 “Children Shouldn’t work in fields, but on dreams”.
- World Day Against Child Labor this year will concentrate on the effect of emergencies on child work.
History
- In 1919, The International Labour Organization (ILO) was founded to promote social justice and establish International Labor Standards.
- ILO has 137 states as members.
- Since then, the ILO has enacted additional agreements aimed at improving labor conditions across the world.
- In 1973, The International Labor Organization (ILO) enacted Convention Number. 138 which focused on the minimum age for work.
- In 1999, The ILO convention number 182, often known as the “Worst Forms of Child Labour Convention,” was approved.
- Its goal is to take the required and quick steps to end the worst type of child labor.
- In 2002, The World Day Against Child Labor was founded by the International Labour Organization (ILO), the United Nations entity that oversees the worldwide community of labor.
CURRENT AFFAIRS: NATIONAL NEWS
Minister of Education, Dharmendra Pradhan launches Polyversity:
- IDS launched Bharat Blockchain Network (Academic Blockchain Consortium) & Polyversity (Educational Metaverse) in the presence of Dharmendra Pradhan – Minister for Education and Skill and Entrepreneurship, Govt. of India, and AICTE officials at an event organized at AICTE Auditorium.
About Polyversity:
- Polyversity is India’s largest educational metaverse, with over 100 academic partners setting up virtual campuses to make education more accessible, immersive, and meaningful.
- Land parcels will be allotted to academic partners in the polyversity.
Key points:
- IDS is building Bharat Blockchain Network (BBN)– India’s Nationwide hybrid blockchain Network visioned to enable blockchain projects of academic interest around Governance, Issuance of verifiable credentials, Skill badges, Student transfer & Audit Trail along the lines of NEP (National Education Policy) 2020.
- IDS is working with 100 plus academic partners.
- The Bharat Blockchain Network (BBN), India’s first nationwide hybrid blockchain network, is built by IDS.
- Polyversity, a virtual university, is India’s Largest Educational Metaverse, with over 100 Academic Partners establishing virtual campuses, including the AICTE’s campus.
About AICTE:
- Founded: November 1945
- Headquarters: New Delhi
- Chairman: Anil Sahasrabudhe.
Government announces hike in MSP for Kharif season:
- The Union Cabinet hiked the minimum support price (MSP) for paddy by ₹100 per quintal for the 2022-23 Kharif season.
- The rates for 14 Kharif crops have been increased, the hikes ranging from 4% to 8%.
- This is similar to the MSP hike given in 2021-22, which was in the range of 1% to 7%.
About the Minimum Support Price policy:
- MSPs are the prices at which the government procures certain crops from farmers to insure them against any sharp fall in prices.
- It is an integral component of the Agriculture Price Policy and it strives to ensure support prices for farmers and affordable prices for the consumer.
- Therefore, an MSP provides a powerful signal to the farmer to exercise the choice of sowing a particular crop because the farmer can back-calculate the expected margin.
- On the other hand, we can stretch the market argument to the limit, we can argue that we do not even need a token MSP.
Key points:
- Prime Minister Shri Narendra Modi’s Cabinet Committee on Economic Affairs (CCEA) has authorized a hike in MSP for all mandatory Kharif crops for the crop year 2022-23.
- The MSP of 14 Kharif crops was decided in the cabinet meeting.
- The support price for ‘A’ quality paddy has been increased from 1,960 to 2,060 per quintal.
- The main Kharif crop is paddy, which has already begun to be sown.
- The meteorological authority predicts that the Southwest monsoon in 2022 will be normal, with a long-term average of 99 percent.
- For the 2022-23 crop year, the MSP for common grade paddy has been increased to 2,040 per quintal, up from 1,940 the previous year.
CURRENT AFFAIRS: INTERNATIONAL NEWS
Ecuador, Japan, Malta, Mozambique, and Switzerland elected non-permanent members of the UNSC
- Ecuador, Japan, Malta, Mozambique, and Switzerland were elected non-permanent members of the UN Security Council (UNSC) for a two-year term.
- The newly elected members will take up their new responsibilities on January 1, 2023, and serve till December 31, 2024.
- The newly-elected countries will replace India, Ireland, Kenya, Mexico, and
About Selecting Council members :
- The Security Council consists of 15 countries & 5 of them are China, France, Russia, the United Kingdom, and the United States – which are permanent members with the right to veto.
- The General Assembly, which comprises all 193 UN Member States, elects the 10 non-permanent members who serve for two-year terms.
- To secure a place on the Council, countries must receive a two-thirds majority, or 128 votes, even if they run uncontested.
About UNSC Election 2022 :
- Overall, 192 UN Member States participated in the election.
- The five new non-permanent members ran largely uncontested.
- In the African and Asia-Pacific groups, Mozambique received 192 votes, marking its first time serving on the Council. Japan garnered 184 votes, and Mongolia three.
- Ecuador, the sole candidate from Latin America and the Caribbean, obtained 190 votes, with two countries abstaining.
- Switzerland will also be a newcomer to the Council.
- The country received 187 votes, and Malta 185 votes, again with two countries abstaining.
- The five newly-elected countries will join Albania, Brazil, Gabon, Ghana, and the United Arab Emirates around the Security Council’s signature horseshoe table.
About UNSC :
- Established: 1945
- Headquarters: NewYork, USA
- The council is tasked to maintain international peace and
- The UNSC is the only UN body with the authority to issue binding resolutions on member states.
- It is one of the six principal organs of the United Nations.
- The other 5 organs of the United Nations are the General Assembly (UNGA), the Trusteeship Council, the Economic and Social Council, the International Court of Justice, and the Secretariat.
CURRENT AFFAIRS: STATE NEWS
J&K rolls out accidental insurance cover of Rs 15 lakh for govt employees
- Jammu and Kashmir Lieutenant Governor Manoj Sinha rolled out the ‘Accidental Insurance Scheme’ for employees of the J&K Government.
About ‘Accidental Insurance Scheme’ :
- Under the scheme, Jammu & Kashmir Bank will extend free group personal insurance cover of Rs 15 lakh to all the employees.
- The free group personal insurance cover is extended to all permanent employees in J&K, in addition to the offers that they are entitled to under an agreement between the bank and the Jammu and Kashmir government.
- The policy for group accidental insurance shall cover personal accidental deaths under all circumstances including terrorism, on an anytime and anywhere basis.
- The insurance company will be required to settle the claims within 15 working days of submission of all requisite papers.
- He directed the bank to enhance the insurance amount from 15 Lakh to Rs.25 Lakh from the next financial year 2022.
- The Lt Governor also launched J&K Bank’s ‘Phone Pe Loan’ facility for the government employees.
- Under the ‘Phone Pe Loan’ scheme, the salaried employees can avail of personal consumption loans and cash credit facilities at a discounted rate of interest.
- Phone Pe Loan’ & Accidental Insurance Cover’ will ensure hassle-free credit flow and social security net for
About J&K :
- Capital: Srinagar, Jammu
- LG: Manoj Sinha
- Dance forms: Kud Dance, Dumhal Dance, Rouf Dance, Bhand Pather, Bachha Nagma, Hafiza Dance, Bhand Jashan
About J&K Bank :
- Founded: 1 October 1938
- Headquarters: Srinagar, J&K
- MD & CEO : Baldev Prakash
CURRENT AFFAIRS: BANKING & FINANCE
Finance Minister Nirmala Sitharaman launches EASE 5.0 ‘Common reforms agenda’ for PSBs
- Union Finance Minister Nirmala Sitharaman unveiled EASE 5.0 – 5th edition of Enhanced Access and Service Excellence, a common reform agenda for public sector banks (PSBs).
- EASE 5.0 ‘Common reforms agenda’ of the EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman
About EASE 5.0 :
- Enhanced Access and Service Excellence-EASE evolved for four annual editions from Financial Year 2019 to Financial Year 2022.
- Under EASE 5.0, PSBs will continue to invest in new-age capabilities and deepen the ongoing reforms to respond to evolving customer needs, changing competition, and the technology environment.
- EASE 5.0 will focus on digital customer experience, and integrated and inclusive banking, with emphasis on supporting small businesses and agriculture.
- Simultaneously, all PSBs will also create a bank-specific three-year strategic roadmap.
- It will entail strategic initiatives beyond EASE 5.0.
- The initiatives will be across diverse themes of business growth, profitability, risk, customer service, operations, and capability building.
About EASENext :
- The EASENext would comprise 2 major initiatives: EASE 5.0 (common PSB reforms agenda) and Bank specific strategic 3-year roadmap (based on individual bank’s business priorities).
- It is well-positioned to channel reforms with a specific focus on customer-centric initiatives.
- To develop a customer-centric approach banks should engage with their customers to understand their needs and expectations.
- While upgrading technology initiatives robust security mechanisms should be developed.
About EASE Agenda :
- EASE Agenda was launched by the government in collaboration with PSBs in January 2018.
- It was authored by Boston Consulting Group and commissioned through Indian Banks’ Association.
About Ministry of Finance :
- Cabinet Minister : Nirmala Sitharaman
- Minister of State : Bhagwat Karad, Pankaj Choudhary
Fino Payments Bank partners with Go Digit General Insurance Limited for Shop Insurance Policy
- Fino Payments Bank has partnered with one of India’s fastest-growing general insurers, Go Digit General Insurance Limited, to offer shop insurance policies to small and medium business owners.
- Fino serves as a corporate representative for Go Digit.
About the Partnership :
- The partnership will allow small and medium businesses to take advantage of Digit’s My Business Policy in the case of a catastrophe.
- The policy, which will be valid for one year, will cover loss or damage to the inventory or stock due to burglary, earthquake, fire, lightning, storm, flood, or riots, among others.
- It will also include in-built coverages like Money in a safe, transit money, and other coverages that will be integrated into the policy.
- Customers of Fino Bank will be able to join Go Digit’s coverage for Rs 550 per year (for a sum insured of Rs 3 lakh), which will rise to Rs 2,600 per year (for a sum insured of Rs 15 lakh).
- As per their requirements, shopkeepers can directly enroll under Digit’s My Business Policy (shop insurance policy) in real-time through a paperless process.
About Fino Payments Bank Limited :
- Founded: 4 April 2017
- Headquarters: Juinagar, Navi Mumbai, Maharashtra
- MD & CEO: Rishi Gupta
About Go Digit General Insurance Limited :
- Founded: 2016
- Headquarters: Bengaluru, Karnataka, India
ICICI Bank Collaborates with Zest Money to expand ‘Cardless EMI’ facility
- ICICI Bank has partnered with ZestMoney, a digital EMI/ pay-later platform, to expand its ‘Cardless EMI’ facility for purchases at retail and e-commerce platforms.
About the Partnership :
- Through this Partnership, Customers can convert transactions up to Rs 10 lakh into EMIs.
- The partnership will enable the bank’s customers to use ZestMoney’s wide merchant base and the latter’s ‘Pay-in-3’ offering, where they can split the bill into 3 EMIs without any extra cost.
- Moreover, ICICI Bank’s pre-approved customers can avail themselves of the facility for the brands like Xiaomi, OnePlus, Sugar, Mamaearth, Decathlon, Boat, Yatra, Urban Ladder, and Vijay Sales, and Titan Eye Plus among others.
- The facility can also be availed across categories such as electronics, home appliances, laptops, mobile phones, travel, fashion apparel, sportswear, education, and home décor.
- It will enable pre-approved cardless EMI customers to experience ZestMoney’s seamless, all-digital products and convenience.
Note :
- ICICI Bank was the first bank to introduce the ‘Cardless EMI’ facility in 2020 to offer cashless purchases.
About ICICI Bank :
- Established: 5th January 1994
- Headquarters: Mumbai, Maharashtra
- MD & CEO: Sandeep Bakhshi
About ZestMoney :
- Founded: 2015
- Headquarters: Bangalore, Karnataka, India
- CEO & Co-Founder: Lizzie Chapman
Ather Energy partners with SBI for customer retail finance
- Electric two-wheeler manufacturer Ather Energy has partnered with the State Bank of India to provide customers with vehicle financing.
- The partnership will enable Ather Energy customers to get pre-approved loan offers from SBI to avail of instant loans at low-interest rates starting from 9.55% p.a depending on customer credit profile.
- The loan can be availed on YONO SBI, without a branch visit.
- With this collaboration, the OEM aims to accelerate the growth of the electric vehicle (EV) ecosystem in the country.
About Ather Energy :
- Founded: 2013
- Headquarters: Bangalore, Karnataka, India
- Founder: Tarun Mehta & Swapnil Jain
- Ather Energy is an Indian electric vehicle company.
- It manufactures two electric scooters – the Ather 450X and the Ather 450 Plus.
About SBI :
- Founded: 1 July 1955
- Headquarters: Mumbai, Maharashtra, India
- Chairman: Dinesh Kumar Khara
RBI cancels certificate of registration of 3 NBFCs
- The Reserve Bank of India(RBI) has canceled the Certificate of Registration (CoR) of three Non-Banking Financial Companies (NBFCs) including 2 Housing Finance Companies (HFCs).
- CoR of Noida-based Malik Motor Finance Limited, Uttar Pradesh has been canceled.
- The Malik Motor Finance Limited shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
Housing finance companies whose registrations have been canceled are:
- Aizawl-based North East Region Housing Finance Company Limited, Mizoram
- Gurgaon-based Aryarth Housing Finance Limited, Haryana
- As such, the above companies shall neither transact the business of a Housing Finance Institution nor of a Non-Banking Financial Institution as defined in the National Housing Bank Act, 1987 and Reserve Bank of India Act, 1934,
2 NBFCs that surrendered the CoR granted to them by the RBI are :
- Ernakulam-based Empower India Capital Investments Private Limited, Kerala
- Kolkata-based Mangalmayee Garments Private Limited (presently known as Abhijeet Ferrotech Limited), West Bengal
RBI cancels license of Mudhol Co-operative Bank, Bagalkot, Karnataka
- The Reserve Bank of India (RBI), has canceled the license of “The Mudhol Co-operative Bank Limited, in Bagalkot, Karnataka” citing an inadequate capital situation.
The Reserve Bank canceled the license of the bank as:
- The bank does not have adequate capital and earning prospects.
- The bank has failed to comply with the requirements of Section 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d), and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949;
- The continuance of the bank is prejudicial to the interests of its depositors;
- The bank with its present financial position would be unable to pay its present depositors in full;
- The public interest would be adversely affected if the bank is allowed to carry on its banking business any further.
- The bank is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.
- On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5,00,000/- (Rupees Five Lakh only) from the Deposit Insurance and Credit Guarantee Corporation (DICGC) subject to the provisions of the DICGC Act, 1961.
CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS
UN Chief Appoints Indian Diplomat Mr. Amandeep Singh Gill As Envoy On Technology
- Senior Indian diplomat Mr. Amandeep Singh Gill was appointed as the United Nations Secretary-General Mr. António Guterres’s envoy on technology to coordinate programs for international digital cooperation
- The UN described Amandeep Singh Gill as a “thought leader on digital technology”.
About Amandeep Singh Gill :
- Amandeep Singh Gill joined the Indian Foreign Service in 1992.
- He holds a Ph.D. in Nuclear Learning in Multilateral Forums from King’s College, London, a Bachelor of Technology in Electronics and Electrical Communications from Panjab University in Chandigarh, and an Advanced Diploma in French History and Language from Geneva University.
- He has been India’s permanent representative at the Conference on Disarmament in Geneva from 2016-to 2018.
- He was the Executive Director and Co-Lead of the United Nations Secretary-General’s High-Level Panel on Digital Cooperation (2018-2019).
- Currently, Gill is serving as the Chief Executive Officer of the International Digital Health and Artificial Intelligence Research Collaborative project, based at the Graduate Institute of International and Development Studies, Geneva.
CURRENT AFFAIRS: ACQUISITIONS & MERGERS
Abu Dhabi’s ADIA invests Rs 2,200 cr in IIFL Home Finance for a 20% stake
- The sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has picked up a 20 percent stake in IIFL Home Finance for Rs 2,200 crore.
- The deal completion is subject to regulatory approvals.
- It will be one of the largest equity investments in the affordable housing finance segment in India by a financial investor.
- Avendus Capital and IIFL Securities were financial advisors to IIFL Home Finance for the deal.
- IIFL Home Finance Limited proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.
About ADIA :
- Founded: 1976
- Headquarters: Abu Dhabi, United Arab Emirates
- Chairman: Sheikh Mohamed bin Zayed Al Nahyan
- MD: Sheikh Hamed bin Zayed Al Nahyan
About IIFL Home Finance Limited :
- Established in 2006 as a wholly-owned subsidiary of IIFL Finance.
- Headquarters: Gurgaon, Haryana
- CEO: Monu Ratra
CURRENT AFFAIRS: SCIENCE & TECHNOLOGY
China releases the world’s ‘most detailed’ map of the Moon
- China has released a new comprehensive geologic map of the moon, the “most detailed” to date, which is expected to make a great contribution to scientific research, exploration, and landing site selection on the moon.
- The map was published by Science Bulletin on May 30, 2022.
About the Map :
- The new comprehensive geologic map of the moon is on a scale of 1:2,500,000.
- The moon map includes the 12,341 impact craters, 17 rock types, 81 impact basins, and 14 types of structures.
- The new significant details of the moon map have provided abundant information about the geology of the moon and its evolution.
- The Institute of Geochemistry of the Chinese Academy of Sciences has led the project, along with other organizations such as the Chinese Academy of Geological Science, China University of Geosciences, and Shandong University.
- Chinese scientists from multiple research institutes and universities have created the high-resolution topographic map based on data from China’s lunar exploration Change project and other data and research findings from international organizations.
Note :
- For the first time, the entire surface of the moon was completely mapped and was uniformly classified by the scientists.
- Earlier in 2020, the United States Geological Survey (USGS) Astrogeology Science Centre released the map of the moon on a scale of 1:5,000,000.
About China :
- President: Xi Jinping
- Capital: Beijing
- Currency: Renminbi
CURRENT AFFAIRS: RANKING & INDEX
UNCTAD’s World Investment Report: India ranked 7th, US Tops
- The United Nations Conference on Trade and Development (UNCTAD) has released the annual World Investment Report, as per this India is ranked 7th position among the top recipients of foreign direct investment (FDI).
- As per the report, FDI inflows into India reduced to USD 45 billion in 2021 from USD 64 billion in 2020.
- Among the top 10 economies, only India witnessed a decline in its FDI inflows.
- However, outward FDI from India rose 43 percent to $15.5 billion in 2021.
- The United States remained the top recipient of FDI with an FDI inflow of $367 billion followed by China with USD 181 billion and Hong Kong with USD 141 at second and third positions.
Top 10 FDI Recipients :
| Rank | Country | FDI Inflow($billion) |
| 1 | United States | 367 |
| 2 | China | 181 |
| 3 | Hong Kong | 141 |
| 4 | Singapore | 99 |
| 5 | Canada | 60 |
| 6 | Brazil | 50 |
| 7 | India | 45 |
| 8 | South Africa | 41 |
| 9 | Russia | 38 |
| 10 | Mexico | 32 |
Key Highlights :
- As per the report, FDI Flows into India declined to $45 billion however, several new international projects were announced
- The largest number of projects (23) was in renewables.
- Large projects include the construction in India of a steel and cement plant for $13.5 billion by ArcelorMittal-Nippon Steel (Japan) and the construction of a new car manufacturing facility by Suzuki Motor (Japan) for $2.4 billion.
- China, Hong Kong, Singapore, India, the United Arab Emirates, and Indonesia accounted for more than 80% of FDI to South Asia.
About FDI :
- A foreign direct investment (FDI) is an investment in the form of controlling ownership in a business in one country by an entity based in another country.
- With FDI, foreign companies are directly involved with day-to-day operations in the other country.
About UNCTAD :
- Established: 30 December 1964
- Headquarters: Geneva, Switzerland
- Secretary-General : Rebeca Grynspan
- It is an intergovernmental organization intended to promote the interests of developing states in world trade.
- It is a permanent intergovernmental body established by the United Nations General Assembly.
Note :
- Rebeca Grynspan is the first woman to serve as Secretary-General of UNCTAD.
CURRENT AFFAIRS: AWARDS AND HONOURS
WHO awards PGI Chandigarh Centre for tobacco control:
- The WHO has given the Resource Centre for Tobacco Control (e-RCTC) of the Department of Community Medicine and School of Public Health at the Postgraduate Institute of Medical Education and Research (PGIMER) in Chandigarh the Regional Director Special Recognition Award in recognition of its efforts in advancing tobacco control.
- According to e-RCTC Director Sonu Goel, the Resource Centre provides information on tobacco control in India, including circulars and directives, policies and legislations, and interdisciplinary publications.
Key points:
- The Resource Centre for Tobacco Control was established in 2018 by 25 organizations engaged in tobacco control in India, as a collaborative project of the PGIMER and the Union-SEA, to showcase tobacco control initiatives.
- Besides being a resource hub, the center has achieved heights in capacity building by organizing more than 50 workshops and webinars for around 3,500 program managers and academicians.
- The portal has attracted 2 lakh visitors from 100 countries in three years.
CURRENT AFFAIRS: SPORTS NEWS
Tamil Nadu CM unveils mascot & logo for FIDE Chess Olympiad to be held in Chennai:
- Tamil Nadu Chief Minister MK Stalin unveiled the mascot and the logo named ‘Thambi’ for the 44th Chess Olympiad, in Chennai.
- ‘Thambi’ in Tamil means younger brother.
- The international event will be held at Mamallapuram near Chennai from 28th July to August 10.
- Over two thousand players from 186 countries will be taking part in the event.
- The biggest ever contingent from India is playing in this edition.
- The Chess Olympiad torch will soon be taken around all the states in the country before being lit in the venue on the inaugural day of the event.
Key Points:
- This is the second major international chess event to be hosted by Chennai, after the World Championship match between India’s Viswanathan Anand and Magnus Carlsen way back in 2013.
- Preparations for the international tournament are going on at a frenetic pace.
- Ministers for Health Ma. Subramanian, Hindu Religious and Charitable Endowments P.K. Sekarbabu, Youth Welfare and Sports Development Siva V. Meyyanathan, and Tourism Minister M. Mathiventhan were all in attendance.
- Mayor R. Priya of the Greater Chennai Corporation, Chief Secretary V. Irai Anbu, and All India Chess Federation president Sanjay Kapoor, as well as other officials, were in attendance
CURRENT AFFAIRS: BOOKS AND AUTHORS
Union Ministers Dharmendra Pradhan released books titled ‘Loktantra ke Swar’ & ‘The Republican Ethic’:
- Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan along with Union Minister for Information & Broadcasting and Sports Shri Anurag Thakur released a book ‘Loktantra ke Swar’ and ‘The Republican Ethic’ having selected speeches of the President of India Shri Ram Nath Kovind.
- This is the fourth volume of the series featuring the fourth year of the presidency of Shri Ram Nath Kovind.
- The compilation contains speeches on a wide range of subjects.
- E-books were also released on the occasion.
About the Book:
- This book captures the President’s thoughts on varied topics such as public service, ethics, education, aspirations of our youth, and contemporary global issues.
- The book will enrich public discourse and serve as a guiding light toward taking India forward in the Amrit Kaal.
Daily CA on June 12 & 13 :
- World Day Against Child Labour 2022 is observed all over the world on June 12th as an awareness event to protect children against labor.
- IDS launched Bharat Blockchain Network & Polyversity in the presence of Dharmendra Pradhan – Minister for Education and Skill and Entrepreneurship, Govt. of India, and AICTE officials at an event organized at AICTE Auditorium.
- The Union Cabinet hiked the minimum support price (MSP) for paddy by ₹100 per quintal for the 2022-23 Kharif season.
- Ecuador, Japan, Malta, Mozambique, and Switzerland were elected non-permanent members of the UN Security Council (UNSC) for a two-year term.
- Jammu and Kashmir Lieutenant Governor Manoj Sinha rolled out the ‘Accidental Insurance Scheme’ for employees of the J&K Government.
- Union Finance Minister Nirmala Sitharaman unveiled EASE 5.0 – 5th edition of Enhanced Access and Service Excellence, a common reform agenda for public sector banks (PSBs).
- Fino Payments Bank has partnered with one of India’s fastest-growing general insurers, Go Digit General Insurance Limited, to offer shop insurance policies to small and medium business owners.
- ICICI Bank has partnered with ZestMoney, a digital EMI/ pay-later platform, to expand its ‘Cardless EMI’ facility for purchases at retail and e-commerce platforms.
- Electric two-wheeler manufacturer Ather Energy has partnered with the State Bank of India to provide customers with vehicle financing.
- The Reserve Bank of India(RBI) has canceled the Certificate of Registration (CoR) of three Non-Banking Financial Companies (NBFCs) including 2 Housing Finance Companies (HFCs).
- The Reserve Bank of India (RBI), has canceled the license of “The Mudhol Co-operative Bank Limited, in Bagalkot, Karnataka” citing an inadequate capital situation.
- Senior Indian diplomat Mr. Amandeep Singh Gill was appointed as the United Nations Secretary-General Mr. António Guterres’s envoy on technology to coordinate programs for international digital cooperation
- The sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has picked up a 20 percent stake in IIFL Home Finance for Rs 2,200 crore.
- China has released a new comprehensive geologic map of the moon, the “most detailed” to date, which is expected to make a great contribution to scientific research, exploration, and landing site selection on the moon.
- The United Nations Conference on Trade and Development (UNCTAD) has released the annual World Investment Report, as per this India is ranked 7th position among the top recipients of foreign direct investment (FDI).
- The WHO has given the Resource Centre for Tobacco Control (e-RCTC) of the Department of Community Medicine and School of Public Health at PGIMER in Chandigarh the Regional Director Special Recognition Award in recognition of its efforts in advancing tobacco control.
- Tamil Nadu Chief Minister MK Stalin unveiled the mascot and the logo named ‘Thambi’ for the 44th Chess Olympiad, in Chennai.
- Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan along with Union Minister for Information & Broadcasting and Sports Shri Anurag Thakur released a book ‘Loktantra ke Swar’ and ‘The Republican Ethic’ having selected speeches of the President of India Shri Ram Nath Kovind.
