INTERNATIONAL
World's first digital art museum
The world's
first all-digital art museum has opened at the MORI Building Digital Art Museum
in Japan's Tokyo. It features around 50 kaleidoscopic installations triggered
by motion sensors, which are projected across every surface of the
100,000-square-foot exhibit space with the help of lights.
Israel enacted a new law
Israel
government enacted a new law which will financially penalize the Palestinian
Authority for paying stipends to the Palestinians killed or jailed by Israel.
Out of 120 seats in the Parliament, 87-15 voted in favor of this legislation.
Andres
Manuel Lopez Obrador elected Mexico's President
Andres Manuel
Lopez Obrador has been elected as Mexico's President with over 53% of the vote,
according to the country's electoral commission. Obrador, who has won the
presidency at the third attempt, promised to tackle violence and wipe out
corruption.
North
Korea named 'worst human trafficking country'
The US State Department has
categorised North Korea as as one of the "worst human trafficking
nation" for the 16th straight year, citing the use of forced labour.
According to the annual '2018 Trafficking in Persons Report', North Korea has
been included in the Tier 3 category, which is the lowest ranking, along with
China, Russia and Iran.
INDIA & WORLD
Nigeria replaces
India to become World's Largest Poor Population
With the persistent decline
in poverty, India is no longer a nation having the largest number of poor
people in the world, according to a study published by the US-based think tank,
Brookings. The study, titled 'The start of a new poverty narrative' and
published in the Brookings' blog, is authored by Homi Kharas, Kristofer Hamel
and Martin Hofer.
GRETI: India ranks 35
India was ranked 35th among
100 countries (countries) in recently released Global Real Estate Transparency
Index (GRETI). The index was released by released by realty consultant JLL.
NATIONAL
India is home to
more than 19,500 mother tongues
More than 19,500 languages
or dialects are spoken in India as mother tongues, according to the latest
analysis of a census released this week. There are 121 languages which are
spoken by 10,000 or more people in India, which has a population of 121 crore,
it said.
Aadhar enabled e-PAN card service
The Income Tax Department
has launched an 'instant' Aadhaar-based PAN (Permanent Account Number)
allotment service for individuals, who requires the unique identification
number for the first time. PAN is a 10-digit alphanumeric number allotted by
the Income Tax department to a person, firm or entity.
President
launches Solar Charkha Mission
President Ram
Nath Kovind launched Solar Charkha Mission under which Government will disburse
subsidy of Rs 550 crore to thousands of artisans, generating employment in
rural areas. It was launched during the event of Udyam Sangam (National MSME
Conclave) on the occasion of World MSME Day.
Abu
Dhabi ‘Smartest City’ in Middle East
Abu Dhabi, capital of the
United Arab Emirates (UAE), has topped the list of "smart cities" in
the Middle East and Africa, according to the Abu Dhabi's Department of Culture
and Tourism. Covering 50 international cities, a report by McKinsey Global
Institute titled "Smart Cities: Digital Solutions for a More Livable
Future" views how cities all over the world use technology to improve the
quality of life.
STATES
Karnataka budget announced
Karnataka Chief
Minister H.D. Kumaraswamy presented the Congress-JD(S) coalition government’s
first budget, announcing farm loan waiver worth Rs 34,000 crore.
Rajasthan
approves 1% reservation for Gujjars
The Rajasthan
government approved 1 per cent reservation for five communities, including the
Gujjar community, against their demand of 5 %. This is under the Most Backward
Classes (MBC) category. The five communities who benefit from the order of the
Rajasthan government are – Godia Lohar, Banjara, Gujjar, Raika & Gadaria
Jharkhand
to set up India's first Khadi mall
While addressing the
'Karigar Panchayat' organized by the Khadi Board at the Tana Bhagat Indoor
Stadium, Jharkhand Chief Minister Raghubar Das announced that, within 15 days,
land in the Heavy Engineering Corporation (HEC) campus will be made available
to the Khadi Board to develop the country's first Khadi mall.
Mumbai is 5th-least punctual airport
According to the British
aviation intelligence firm OAG, Mumbai is the fifth-least punctual airport in
the world in terms of on-time performance out of 513 airports. Japan’s Nagoya
Komaki airport was ranked the best with 94.5% on-time performance during the
12-month period.
CONFERENCES
Final Nepal-India
EPG Meeting Concludes
The ninth &
final meeting of Eminent Persons Group (EPG) on Nepal-India Relations concluded
in Kathmandu, Nepal. The Representatives from Nepal and India deliberated upon
various bilateral issues including 1950 Peace and Friendship treaty, trade,
transit and border during the two-day meeting.
AWARDS & HONOURS
Himachal
gets national award for best performance under PMSMA
Himachal
Pradesh has been adjudged first among states for its performance under the
Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) in the country. Union Health
Minister Jagat Prakash Nadda conferred the award upon the state which was
received by Additional Chief Secretary, Health, BK Agarwal.
Irrfan Khan honoured with Icon award
Irrfan, who is
undergoing treatment in London for a neuroendocrine tumour, accepted his award
privately. Richa Chadha won the Outstanding Achievement Award, while Manoj
Bajpayee was also awarded an Icon Award. British comedy 'Eaten By Lions' won
this year's top prize, voted by the audience.
Anjolie
Ela Menon conferred the Kalidas award
Noted artist Anjolie Ela
Menon has received the National Kalidas Samman for visual arts from the Madhya
Pradesh government. The award was conferred in recognition of her insightful
and sensitive portrayal of the identity and spirit of women through her
meaningful paintings in a variety of media.
SPORTS & GAMES
SAI will now be Sports India
More than 34 years after
coming into existence, the Sports Authority of India (SAI) is set to be renamed
as Sports India, Union Sports Minister Rajyavardhan Singh Rathore announced.
The sports body, established in 1984.
Lee Chong
Wei wins historic 12th Malaysia Open title
Malaysian shuttler Lee
Chong Wei defeated Japan’s Kento Momota to secure a historic 12th Malaysia Open
title. Lee, who was dominant from the start, completed the rout in 71 minutes.
With this victory, Momota’s 21-match winning streak has also come to an end. In
the women’s singles final, top seed Tai Tzu Ying from Taiwan beat China’s.
Rahul Dravid
inducted into ICC Hall of Fame
The International Cricket
Council (ICC) inducted former Indian captain Rahul Dravid, former Australian
captain Ricky Ponting and former England Women’s wicket-keeper Claire Taylor
into the ICC Cricket Hall of Fame in a glittering ceremony in Dublin, Ireland.
With the move, Dravid became the fifth Indian player to be named in the Hall of
Fame.
Australia
wins Hockey champions Trophy final 2018
In the summit
clash of the 37th and final edition of the Hockey Champions Trophy at Breda,
the Netherlands, India lost to defending champions Australia via penalty
shoot-off. The match went into the shoot-off after both the teams were locked
at 1-1 in regulation time.
India clinch Kabaddi Masters title
Putting up yet another
superlative show, India thrashed Iran 44-26 to emerge champions of the
six-nation Kabaddi Masters Dubai. In a battle between the top two sides of the
world, the three-time world champions did not give Iran any ground to recover.
Dutee Chand sets national record
Indian sprinter
Dutee Chand has set a new national record in the women’s 100-metre race at the
58th National Inter State Senior Athletics Championships held at Sarusajai
Stadium, Guwahati. She clocked 11.29 seconds to beat her own previous record of
11.30 seconds which she achieved at the Indian Grand Prix in 2017.
Janardan
Singh Gehlot elected International Kabaddi Federation Chief
It was announced that
Janardan Singh Gehlot was elected as chief of the International Kabaddi
Federation (IKF) for the next 04 years. This announcement was made after the
Annual General Congress (AGC) of IKF.
ECONOMY
Indian economy to
touch $5 trillion by 2025
President Ram Nath Kovind
said the Indian economy is set for a surge in the next decade with the Gross
Domestic Product (GDP) size doubling to 5 trillion US dollars probably by 2025.
India’s
manufacturing growth jumps to six-month high
According to Nikkei
Manufacturing Purchasing Managers’ Index (PMI), compiled by IHS Markit, India’s
manufacturing growth jumps to six-month high in June 2018. Manufacturing PMI
rose to 53.1 in June 2018 from 51.2 in May 2018, the highest since December
2017.
FDI growth hits 5-year low in 2017-18
Foreign direct investment
in India seems to be petering out with the inflows growth rate recording a
five-year low of 3% at USD 44.85 billion in 2017-18. Foreign inflows in the
country grew by 8.67% in 2016-17, 29% in 2015-16 and 27% in 2014-15.
Rupee falls to
all-time low of 69.09 against US dollar
Crude oil prices were at
their highest at USD 77 a barrel, the highest since 2014 as the oil inventories
of the United States witnessed their biggest fall in over two years and its
exports touched an all-time record.
SCIENCE & TECHNOLOGY
ISRO first PAT conducted successfully
The PAT (Pad Abort Test)
was conducted at the Satish Dhawan Space Centre, Sriharikota. It marks the
first step to qualify India’s indigenous Crew Escape System technology for
launching astronauts into space.
NASA
to launch world's lightest Satellite
The four
first-year engineering students from Hindustan Institute of Technology and
Science near Chennai, Tamil Nadu have developed the world’s lightest satellite
which will be launched from a NASA facility in the US by August 2018.
APPOINTMENTS
Uttam
Dhillon appointed head of drug enforcement agency
Uttam Dhillon, an
Indian-American lawyer has been appointed as the Acting Director of the US Drug
Enforcement Administration (DEA) that combats the smuggling and use of
narcotics in the US.
L.
Narasimha Reddy appointed as CAT Chairman
The Cabinet has
approved the appointment of Former Chief Justice of Patna High Court, Justice
L. Narasimha Reddy as the Chairman of the Central Administrative Tribunal
(CAT).
Vishwas Patel appointed PCI Chairman
Payments Council of India
(PCI), an apex body representing companies in payments and settlement system,
has a new Chairman in Vishwas Patel. Patel, who is Director at Infibeam
Avenues, has been associated with PCI since its inception in 2013 and was
serving as the co-Chairman of PCI.
Rajat Sharma
becomes DDCA president
Renowned journalist Rajat
Sharma has been elected as the President of Delhi & District Cricket
Association. Sharma surpassed former World Cup winning Indian cricketer Madan
Lal by 517 votes to register his win.
Lloyd's of
London's first female CEO to leave in 2019
Inga Beale, First female
CEO of Lloyd's of London, the 332-year-old insurance market, has decided to
quit in 2019. She was appointed chief executive in January 2014.
Saraswati Prasad assumes charge as
SAIL CMD
Senior
bureaucrat Saraswati Prasad has taken over the additional charge as chairman
and managing director of steel PSU Steel Authority of India Limited (SAIL). Mr
Prasad succeeds P K Singh who retired recently.
TBN Radhakrishnan new CJ of Hyderabad court
Justice
Thottathil Bhaskaran Nair Radhakrishnan, presently Chief Justice of
Chhattisgarh High Court, will assume charge as Chief Justice of Hyderabad High
Court. The new Chief Justice is likely to be sworn in any time next week by
Governor E.S.L. Narasimhan at Raj Bhavan.
Vijay
Srinivas appointed Director & GM of United India Insurance
United India Insurance
Company has announced the appointment of K B Vijay Srinivas as its Director and
General Manager. Prior to taking up the new role, he was serving National
Insurance Company Ltd as its Chief Marketing Officer and General Manager.
Indian
American Seema Nanda appointed CEO of DNC of US
The Democratic
National Committee (DNC) of United States has appointed Indian American Seema
Nanda as its new CEO. Democratic
National
Committee (DNC) is the decision-making body of the Democratic Party in the
United States. Seema Nanda has become the first Indian American to be appointed
as operational head of a major American political party.
Antonio
Vitorino from Portugal elected as new Director
Antonio Manuel
de Carvalho Ferreira Vitorino of Portugal was elected by the member States of
the International Organization for Migration (IOM) to serve as the agency’s
Director General.
ICICI
Bank gets new part-time chairman
ICICI Bank has appointed
former bureaucrat Girish Chandra Chaturvedi as its non-executive part-time
chairman. Chaturvedi is a 1977-batch IAS officer, who retired as the Oil
Secretary in January 2013.
LG appointed 40
year old founding family member as new CEO
South Korea's fourth
largest conglomerate, LG has announced the appointment of Koo Kwang-mo, the
40-year-old son of the family-controlled conglomerate's late Chairman Koo
Bon-moo, as its CEO. He has become the fourth-generation leader of the
family-controlled conglomerate.
RESIGNS
Lewis Hamilton retires
Red Bull’s Max Verstappen
won the Austrian Grand Prix 2018 title in Austria. Ferrari’s Kimi Raikkonen
finished in the second spot. Ferrari’s Sebastian Vettel finished in the third
spot. Mercedes’ Lewis Hamilton retired from the race due to a mechanical issue
in his car.
DEATHS
Ex
Navy chief Admiral JG Nadkarni Passed away
JG Nadkarni was 86 years
old. He was the Navy chief from December 1987 to November 1990. He was the 14th
Chief of Naval Staff. He was the founding member of the Maritime History
Society.
Marwar
Rajmata Krishna Kumari passes away
Rajmata of the
erstwhile Marwar principality and former MP, Krishna Kumari, passed away
following a heart attack in Jodhpur, Rajasthan. Krishna Kumari was 92 years
old.
‘Seinfield’
actor Stanley Anderson Passes Away
Noted Hollywood actor Stanley
Anderson passed away after he was diagnosed with brain cancer. He was 78.
Stanley was best known for his role as Judge Vandelay in Seinfield, an American
television sitcom, General Slocum in Spider-Man (2002) and for playing Drew
Carry’s father on ABC’s The Drew Carey Show.
MISCELLANEOUS
Surat
jewellers make 28 crore rupees ring
Surat-based
jewellers Vishal Agarwal & Khushbu Agarwal manufactured a ring containing
6,690 diamonds, registering the Guinness world record for 'Most diamonds set in
one ring'. The ring is 18 karat rose gold structure, shaped like a lotus
flower.
COMMITTEES
Government
forms panel to upgrade norms for state
The government has set up a
13-member committee for Sub-National Accounts will be headed by Ravindra H
Dholakia, a retired professor of IIM Ahmedabad. Its aim is to upgrade the norms
for computation of economic data at states and districts level to revise the
base year for National Accounts or GDP calculation.
DAYS & DATES
July 01: National Doctors Day
The first day of the month
of July is observed as the Doctors Day in India. The day is observed to express
gratitude & acknowledge the dedication
& Commitment of the doctors
towards our society. Doctors Day in India was established by the Govt of India
in 1991 to be recognised & celebrated every year in 1st July as National
Doctors day.
BANKING AWARENESS
25 countries in global banks
China, UAE, Cyprus and
significantly, Mauritius, along with 21 other countries have been tagged as “high-risk
jurisdictions” by global banks acting as custodians for foreign funds which
comprise the largest group of investors in the Indian stock market.
RBI licences bank
of China to operate in India
The Reserve
Bank of India licensed Bank of China to operate in India. This decision comes
as part of the commitment made by PM Modi to the Chinese leadership.
IFL is India's No. 1 investment bank
As per Prime Database
Investment Bankers League table for FY 2017-18, IIFL is India's top investment
bank for equity issuances by private sector companies. IIFL is a publicly
listed company and is engaged in Investment Banking, Securities dealing, Wealth
& Asset Management and Loans & Mortgages.
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