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02nd June, 2022

Topics Covered:

National Conference of School Education Ministers, Har Ghar Dastak campaign 2.0 , Project NIGAH’ , India’s first ‘Lavender Festival’ , Caste-based Census., Indian Naval Air Squadron (INAS) 325 , World Cities Summit 2022 , Impact Shares MSCI Global Climate Select ETF , Global Air Powers Ranking , the 2022 Asia University Rankings, ‘Mercom India Rooftop Solar Market Report Q1 2022’ , GST revenues , KredX Global Trade, JC Flowers Asset Reconstruction Co. , Insurance Regulatory and Development Authority of India , Plastic Legno SPA , UNICEF’s ‘Goodwill Ambassador’ , International Week of Solidarity with the People of Non-Self-Governing Territories, Global Day of Parents, TOP500 list of supercomputer , Locarno Kids Award la Mobiliare, 2022 ICF Paracanoe World Cup , 2022 Asia Cup hockey , ,

  1. The two-day National Conference of School Education Ministers was organized at Gandhinagar, Gujarat for implementing National Education Policy 2020, skilling in schools, and digital initiatives like National Digital Education Architecture, National Educational Technology Forum (NETF), etc.
  2. Har Ghar Dastak campaign 2.0 has started across the country to ensure complete Covid-19 vaccination of all eligible beneficiaries, with special focus on inoculation of those in the 12-14 age group and precaution dose for those above 60.
  3. Union Cabinet has expanded the scope of the public procurement portal Government e-Marketplace (GeM) to allow cooperative societies to register as buyers.
  4. India and Bangladesh have flagged off the New Jalpaiguri-Dhaka Mitali Express to enhance the passenger train connectivity.
  5. Delhi Customs Zone has launched the ‘Project NIGAH’ at ICD Garhi Harsaru, Gurugram to track container by using ICTM (ICD Container Tracking Module) which will help in better visibility of the container movement inside the ICD.
  6. The Tamil Nadu government has signed an MOU with the India Post Payments Bank (IPPB) for obtaining life certificate from pensioners through doorstep services of the Postal Department.
  7. Union Minister of Science and Technology Jitendra Singh inaugurated India’s first ‘Lavender Festival’ in Bhaderwah town in Jammu and Kashmir.
  8. Bihar has announced to conduct the Caste-based Census.
  9. Andhra Pradesh has launched ‘ACB 14400’ app of the Anti-Corruption Bureau (ACB) to curb corruption at government offices in the State.
  10. Telangana Statehood Day is observed on June 2.
  11. Indian Naval Air Squadron (INAS) 325 operating the indigenously-built Advanced Light Helicopter MK III has been commissioned into the Indian Navy.
  12. Hindustan Aeronautics Ltd (HAL) had signed an agreement with Israel Aerospace Industries (IAI) in April for converting six Boeing-767 civilian aircraft into mid-air refuellers for the Indian Air Force (IAF).
  13. Central African Republic (CAR) has become the second country after El Salvador to adopt Bitcoin as legal tender.
  14. World Cities Summit 2022 will be organized in Singapore by Centre for Liveable Cities, Singapore and the Urban Redevelopment Authority of Singapore.
  15. Impact Shares MSCI Global Climate Select ETF was launched in November 2021 at the UNFCCC’s COP26 summit in Glasgow.
  16. Global Air Powers Ranking (2022) has been released by World Directory of Modern Military Aircraft (WDMMA) to provide a comprehensive look at the current strengths (and inherent weaknesses) of modern military air services across the globe.
  17. Times Higher Education (THE) has released the 2022 Asia University Rankings.
  18. According to the ‘Mercom India Rooftop Solar Market Report Q1 2022’ of Mercom India Research, India has added 456 megawatts (MW) of rooftop solar capacity during the January-March period of 2022.
  19. GST revenues stood at nearly Rs 1.41 lakh crore in May 2022, registering a year-on-year increase of 44%.
  20. Hero Electric has expanded its partnership with Zypp Electric to support the growth of the logistics and delivery segment.
  21. State-owned Power Finance Corp (PFC) has listed its maiden green bonds of 300 million euros on Luxembourg Stock Exchange (LSE).
  22. Supply chain finance platform KredX has announced the expansion of its services into post-shipment export financing with KredX Global Trade.
  23. Yes Bank Ltd has chosen JC Flowers Asset Reconstruction Co. as its joint venture partner to offload ₹49,000 crore of bad loans as the private lender seeks to clean up its books and raise capital to fund credit growth.
  24. Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurers to launch health and most of the general insurance products without its prior approval.
  25. Reliance Brands Ltd. (RBL), a subsidiary of Reliance Retail Ventures, and Plastic Legno SPA (based in Italy), have entered into a joint venture through which RBL would acquire 40% stake in the latter’s toy manufacturing business in India.
  26. Sachin Tendulkar will continue as UNICEF’s ‘Goodwill Ambassador’ for a record 20th year, working for the welfare of underprivileged children.
  27. Aditya Birla Group has appointed former Meta and Bain & Company executive Prashanth Aluru to head the company’s newly set-up entity TMRW that will acquire as well as incubate direct-to-consumer (D2C) fashion and lifestyle brands.
  28. May 25 to 31 – International Week of Solidarity with the People of Non-Self-Governing Territories
  29. June 1 – Global Day of Parents; Theme – Appreciate All Parents Throughout the World
  30. 59th edition of the TOP500 list of supercomputer has been released.
  31. Filmmaker Gitanjali Rao will awarded with the Locarno Kids Award la Mobiliare, the award dedicated to personalities capable of conveying the love of cinema to younger viewers.
  32. Canoeist Prachi Yadav has become the first Indian to bag a World Cup medal by capturing a bronze at the 2022 ICF Paracanoe World Cup held in Poznan, Poland.
  33. 2022 Asia Cup hockey was held at the GBK Sports Complex in Jakarta, Indonesia.

Table of Content 

National News

  1. The two-day National Conference of School Education Ministers was organized at Gandhinagar, Gujarat for implementing National Education Policy 2020, skilling in schools, and digital initiatives like National Digital Education Architecture, National Educational Technology Forum (NETF), etc.
      • The participants have also visited the Vidya Samiksha Kendra (VSK), Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG), National Forensic Science University (NFSU), and International Automobile Centre of Excellence (iACE).
  2. Har Ghar Dastak campaign 2.0 has started across the country to ensure complete Covid-19 vaccination of all eligible beneficiaries, with special focus on inoculation of those in the 12-14 age group and precaution dose for those above 60.
      • The two-month long door-to-door campaign will run between June 1 and July 31.
      • Children are given Biological E’s Corbevax vaccine.
      • The first Har Ghar Dastak campaign was conducted in November last year.
  3. Union Cabinet has expanded the scope of the public procurement portal Government e-Marketplace (GeM) to allow cooperative societies to register as buyers.
      • Purpose – to help cooperatives in getting competitive prices through an open and transparent process
      • Presently, the registration of cooperatives as “buyers” was not covered within the existing mandate of GeM.
      • It is still not available for use by private sector buyers, the government, as well as the private sector, can become suppliers.
      • The government had launched GeM in 2016 as an end-to-end e-marketplace to facilitate transparent and efficient e-procurement of commonly-used goods and services required by the Centre, states and PSUs. It is a government-to-business platform.
  4. India and Bangladesh have flagged off the New Jalpaiguri-Dhaka Mitali Express to enhance the passenger train connectivity.

State News

  1. Delhi Customs Zone has launched the ‘Project NIGAH’ at ICD Garhi Harsaru, Gurugram to track container by using ICTM (ICD Container Tracking Module) which will help in better visibility of the container movement inside the ICD.
  2. The Tamil Nadu government has signed an MOU with the India Post Payments Bank (IPPB) for obtaining life certificate from pensioners through doorstep services of the Postal Department.
      • The digital life certificates can also be provided through Jeevan Pramaan Portal to avoid hardship of coming in person for aged pensioners/family pensioners.
  3. Union Minister of Science and Technology Jitendra Singh inaugurated India’s first ‘Lavender Festival’ in Bhaderwah town in Jammu and Kashmir.
      • India’s first National Institute of High Altitude Medicine is being built in Bhaderwah.
      • Agriculturist Bharat Bhushan is called the Brand Ambassador of Purple Revolution in India. He is an inspiration for youth in J-K towards startup culture.
      • Mr Singh inaugurated six distillation units under the CSIR-Indian Institute of Integrative Medicine (IIIM) for lavender situated at six different places.
      • CSIR-IIIM, Jammu has signed three MOUs with Agro Voltic Power, Mussoorie, Uttarakhand, Lyallpur Khalsa College, Jalandhar and Fine Fragrance Power Limited, Mumbai.
      • CSIR-IIIM also installed 50 distillation units — 45 fixed and five mobile — at different locations across J-K under CSIR-Aroma Mission.
  4. Bihar has announced to conduct the Caste-based Census.
  5. Andhra Pradesh has launched ‘ACB 14400’ app of the Anti-Corruption Bureau (ACB) to curb corruption at government offices in the State.
  6. Telangana Statehood Day is observed on June 2.

Defence News

  1. Indian Naval Air Squadron (INAS) 325 operating the indigenously-built Advanced Light Helicopter MK III has been commissioned into the Indian Navy.
      • The INAS 325 squadron was commissioned into the Navy at a ceremony held at the INS Utkrosh naval air station in Port Blair, Andaman and Nicobar.
      • The squadron is commanded by Commander Avinash Kumar Sharma, who is an experienced pilot.
  2. Hindustan Aeronautics Ltd (HAL) had signed an agreement with Israel Aerospace Industries (IAI) in April for converting six Boeing-767 civilian aircraft into mid-air refuellers for the Indian Air Force (IAF).
      • In addition, HAL is looking at converting Boeing-747s of Air India for a dedicated cargo role.

International News

  1. Central African Republic (CAR) has become the second country after El Salvador to adopt Bitcoin as legal tender.
  2. World Cities Summit 2022 will be organized in Singapore by Centre for Liveable Cities, Singapore and the Urban Redevelopment Authority of Singapore.
      • Delhi’s Chief Minister Arvind Kejriwal has been invited to attend the Summit to present the “Delhi Model” and is looking forwards to discussing urban solutions with other leaders.
  3. Impact Shares MSCI Global Climate Select ETF was launched in November 2021 at the UNFCCC’s COP26 summit in
      • Since its inception, it has accumulated only about $3 million of assets.

Reports and Indices

  1. Global Air Powers Ranking (2022) has been released by World Directory of Modern Military Aircraft (WDMMA) to provide a comprehensive look at the current strengths (and inherent weaknesses) of modern military air services across the globe.
      • Total98 countries, 124 air services covered (this includes Army, Navy, and Marine branches of service where applicable), and 47,840 total aircraft
      • Top – USA
        • ‘TrueValueRating’ (TvR) of USA stands at 242.9. It is the highest achievable TvR score.
      • India’s rank – 6th
        • India’s ‘TrueValueRating’ (TvR) stands at 69.4.
  2. Times Higher Education (THE) has released the 2022 Asia University Rankings.
      • Total – 616 universities from 31 countries and territories
      • Top – Tsinghua and Peking universities (both in China)
        • Japan is the most-represented nation again this year, with 118 institutions.
      • India is the third most-represented country, with 71 institutions.
      • From India,
        • Indian Institute of Science (IISc), Bangalore, is the only institute to make the top-50 list with 42 rank.
        • JSS Academy of Higher Education and Research – 65th rank
        • IIT-Ropar at 68th rank
        • IIT Indore at 87th rank
      • There are 17 Indian universities in the top 200 as compared to 18 last year. Of the 14 that were ranked in both years, eight have risen.
2022 Asia University Rankings
  1. According to the ‘Mercom India Rooftop Solar Market Report Q1 2022’ of Mercom India Research, India has added 456 megawatts (MW) of rooftop solar capacity during the January-March period of 2022.

Banking and Economy

  1. GST revenues stood at nearly Rs 1.41 lakh crore in May 2022, registering a year-on-year increase of 44%.
      • In April 2022, the GST collections crossed a record level of Rs 1.68 lakh crore.
  2. Hero Electric has expanded its partnership with Zypp Electric to support the growth of the logistics and delivery segment.
      • Under the partnership, Hero Electric will be deploying 150,000 electric scooters for Zypp Electric’s fleet in the next three years.
  3. State-owned Power Finance Corp (PFC) has listed its maiden green bonds of 300 million euros on Luxembourg Stock Exchange (LSE).
      • PFC Chairman and managing director (CMD) – R. S. Dhillon
  4. Supply chain finance platform KredX has announced the expansion of its services into post-shipment export financing with KredX Global Trade.
      • KredX aims to accomplish a book size of $2 billion by end of the financial year 2023 and expect a 25-30% impact on the overall business within a period of one year through this new offering.
  5. Yes Bank Ltd has chosen JC Flowers Asset Reconstruction Co. as its joint venture partner to offload ₹49,000 crore of bad loans as the private lender seeks to clean up its books and raise capital to fund credit growth.
      • JC Flowers has offered ₹12,107 crores against the bad loan book, ensuring a 25% recovery.
  6. Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurers to launch health and most of the general insurance products without its prior approval.
  7. Reliance Brands Ltd. (RBL), a subsidiary of Reliance Retail Ventures, and Plastic Legno SPA (based in Italy), have entered into a joint venture through which RBL would acquire 40% stake in the latter’s toy manufacturing business in India.

Appointments

  1. Sachin Tendulkar will continue as UNICEF’s ‘Goodwill Ambassador’ for a record 20th year, working for the welfare of underprivileged children.
  2. Aditya Birla Group has appointed former Meta and Bain & Company executive Prashanth Aluru to head the company’s newly set-up entity TMRW that will acquire as well as incubate direct-to-consumer (D2C) fashion and lifestyle brands.
      • TMRW, an Aditya Birla Group venture, will create India’s largest portfolio of disruptor brands in the fashion and lifestyle space and enable the next phase of D2C growth in India, which is poised to be a $100 billion market by 2025.

Important Days

  1. May 25 to 31 – International Week of Solidarity with the People of Non-Self-Governing Territories
      • 2021-2030 – International Decades for the Eradication of Colonialism
  2. June 1 – Global Day of Parents; Theme – Appreciate All Parents Throughout the World

Awards

  1. 59th edition of the TOP500 list of supercomputer has been released.
      • Top – Frontier system at Oak Ridge National Laboratory (ORNL) in the US, with Linmark benchmark score of 1.1 exaflops
        • It has become the world’s first supercomputer to break the exa-scale speed barrier.
      • Fugaku, the second-most powerful supercomputer, is ranked at the 2nd position.
      • From India, only 3 supercomputers featured in the list.
        • Param Siddhi AI (at Centre for Development of Advanced Computing) is the fastest Supercomputer, ranked at 111st position.
        • Pratyush (at Indian Institute of Tropical Meteorology) is the second fastest supercomputer, ranked at 132nd rank.
        • Mihir (at National Centre For Medium Range Weather Forecasting) ranks at 249th rank.
TOP500 list of supercomputer
  1. Filmmaker Gitanjali Rao will awarded with the Locarno Kids Award la Mobiliare, the award dedicated to personalities capable of conveying the love of cinema to younger viewers.
      • The award will be given during the 75th edition of the Locarno Film Festival, to be held from August 3 to 13.
      • Her 2021 short film “Tomorrow My Love” had served as the opening film for the 74th edition of the Locarno Film Festival.

Sports

  1. Canoeist Prachi Yadav has become the first Indian to bag a World Cup medal by capturing a bronze at the 2022 ICF Paracanoe World Cup held in Poznan, Poland.
  2. International Hockey Federation (FIH) World Rankings
Men’s Women’s
Top – Australia
India – 4th
Top – Netherlands
India – 6th
  1. 2022 Asia Cup hockey was held at the GBK Sports Complex in Jakarta, Indonesia.
      • Gold – South Korea (for the 5th time)
      • Silver – Malaysia
      • Bronze – India by beating Japan for the second time
CEO of Anujjindal.in

About Anuj Jindal

━━━━━ Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
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