11th-13th October, 2023

1. KCP Ltd, a diversified business group, has delivered the integrated air drop test (IADT) crew module structure to ISRO for the Gaganyaan mission.
2. The Ministry of Education has introduced draft guidelines for schools to address self-harm concerns, known as the UMMEED guidelines.
3. The Union Ministry of Chemical and Fertilizer has launched a web portal named Charak for providing the statistical data related to chemical sector.
4. India has launched Operation Ajay to facilitate the return Indians from Israel and Palestine.
5. Union Minister Shri Anurag Thakur launched the trailer of KTB- Bharat Hain Hum, an animated series consisting of two seasons, produced by Central Bureau of Communication, Ministry of Information and Broadcasting and Graphiti Studios.
6. Union Minister of Women and Child Development, Smt Smriti Zubin Irani has launched new Standardised Protocol for Management of Malnutrition in Children.
7. The Union Cabinet has approved the establishment of an autonomous body named Mera Yuva Bharat (MY Bharat).
8. Ministry of Social Justice and Empowerment launched Scheme for Residential Education for Students in High School in Targeted Areas (SHRESTHA) to ensure quality education to school students.
9. Hyderabad’s Old City is set to welcome a technology revolution with the construction of the iTEK Nucleus IT tower at Malakpet, with a budget of Rs 700 crore.
10. Metro train trial runs in Bhopal and Indore have been successful, and the metros will become operational by mid-2024.
11. Delhi govt has established a ‘Green War Room’ at the Delhi secretariat to help the government monitor air pollution.
12. Rajasthan has introduced the exclusive Valley Queen Heritage Train service, offering passengers a nostalgic journey with a 150-year-old steam engine.
13. Tamil Nadu government announced a new Samadhan Scheme for the settlement of the pending tax dues under the erstwhile Tamil Nadu Value Added Tax and other legacy tax legislations.
14. Chhattisgarh Baiga tribe gets habitat right under Forest Right Act, 2006.
15. The first ever Gandhi Museum in North America, dedicated to the life and legacy of Mahatma Gandhi, has been inaugurated in the US city of Houston in Texas.
16. The International Energy Agency hosted the first ever “Critical Minerals and Clean Energy Summit” on 28 September 2023 at the IEA headquarters in Paris.
17. European Union has approved world’s first green bond standard to avoid greenwashing.
18. The RBI has formed an external working group to provide input on the expected credit loss (ECL) framework for bank provisioning.
19. Amazon launched its first prototype satellites for the Kuiper internet network to compete with SpaceX’s Starlink.
20. SEBI has created a centralised mechanism for reporting and verification through KYC Registration Agency (KRA) in case of the demise of an investor to smoothen the transmission process in securities market.
21. Mahindra Last Mile Mobility (MLMML) has received Rs 300 crore as the first tranche of its investment from the International Finance Corporation (IFC).
22. Federal Bank has extended Unified Payment Interface (UPI) services to Non-Resident Indians for enhancing seamless transactions.
23. Payment aggregator Paysharp Pvt Ltd gets ISO 27001:2022 certification – an international standard on how to manage information security.
24. Axis Bank has launched the country’s first numberless credit card in partnership with fintech startup Fibe.
25. Union Cabinet has fixed the royalty rates for lithium, niobium and rare earth elements (REE).
26. Foreign companies without PAN can open bank account in IFSC-Gift City.
27. National Statistics Office (NSO), Ministry of Statistics & Programme Implementation has released the 6th Periodic Labour Force Survey (PLFS) for the period of 2022-23 (July 2022 and June 2023).
28. International Monetary Fund has released the World Economic Outlook Report- October 2023 edition.
29. Indian Navy hosted the 2023 edition of Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise– CHAKRAVAT at Goa.
30. National Security Council Secretariat has organized 2nd edition of National Cyber Security Exercise named ‘Bharat NCX 2023’ for government, public and private sector organizations.
31. Reliance Industries Limited Chairman Mukesh Ambani has topped in the Hurun India Rich List 2023.
32. October 8 – Indian Air Force Day (established on 8 October 1932); Theme – IAF-Airpower Beyond Boundaries
33. October 11– International Day of Girl Child 2023; Theme- Invest in Girls Rights: Our Leadership, Our Well-being.
34. Second Thursday of October (October 12, 2023)- World Sight Day; Theme- “love your eyes at work”
35. Indian badminton player Ayush Shetty won a bronze medal in men’s singles at the BWF World Junior Championships 2023 in Spokane, USA.
36. The International Olympic Committee (IOC), Olympic Museum and Reliance Foundation signed an agreement to promote Olympic values Education Programme (OVEP) through sports among children.
37. Max Verstappen (Dutch) of Red Bull won Qatar GP 2023 at Lusail International Circuit in Qatar.
38. Jannik Sinner (Italy) won the men’s single title in China Open 2023 (tennis) by defeating Daniil Medvedev of Russia.
39. UAE and India have signed an MoU for sustainable industrial development.
40. Automotive Research Association of India has signed an MoU with IIT Guwahati to establish the “Digital Twin Center for Emerging Automotive Systems” as part of the Capital Goods scheme Phase II of the Ministry of Heavy Industries.
41. Assam Skill Development Mission (ASDM) has signed an MoU with Indian Army for upskilling of ex-servicemen and their dependent.
42. Union Cabinet has approved the signing of the MoU between India and France in the field of Digital Technologies.
43. Union Cabinet has approved three separate MoUs with Papua New Guinea, France, Trinidad and Tobago in the field of digital technologies.
44. RBI has appointed Muneesh Kapur as the Executive Director (ED). Kapur will look after the Department of Economic and Policy Research.
45. Syrian author, poet and screenwriter Khaled Khalifa, has passed away.
46. A cloud burst over Lhonak Lake in South Sikkim resulted in a flash flood in the Teesta River in Lachen Valley.

National News

1. KCP Ltd, a diversified business group, has delivered the integrated air drop test (IADT) crew module structure to ISRO for the Gaganyaan mission.
   Source: ET
2. The Ministry of Education has introduced draft guidelines for schools to address self-harm concerns, known as the UMMEED guidelines.
   • UMMEED – Understand, Motivate, Manage, Empathise, Empower, Develop
   • The guidelines recommend the formation of School Wellness Teams (SWT) led by the School Principal, equipped to handle crisis situations and take immediate action when students show warning signs.
   • The guidelines suggest actions such as securing empty classrooms, improving lighting in dark areas, and maintaining school gardens.
   • The draft promotes integrating mental well-being into school functioning, creating safe environments within and outside schools, and being vigilant at locations with suicide risks.
     Source: TOI
3. The Union Ministry of Chemical and Fertilizer has launched a web portal named Charak for providing the statistical data related to chemical sector.
   • Portal name- www.charak.chemicals.gov.in.
   • The portal will facilitate collection of statistics related to various aspects of chemical sector, such as production, import, export, installed capacity, purchases and sales, etc.
   • Developed by- Department of Chemicals and Petrochemicals and National Informatics Centre
   • Launched at- Workshop hosted by FICCI in New Delhi
   • Objective- To increase the value of chemical and petrochemical industries by provide information on the latest sectoral innovations
   • Usage-
     • Users – researchers, academicians and policymakers can create innovative products needed for the chemical sector
     • Industries – The portal will also enable support system for promoting industries for best practices and create authentic inventory of chemical data system.
       Source: economic times

4. India has launched Operation Ajay to facilitate the return Indians from Israel and Palestine.
   • A 24-hour Control Room has also been set up in the Ministry of External Affairs to monitor the situation and provide information and assistance.
     Source: Indian Express
5. Union Minister Shri Anurag Thakur launched the trailer of KTB- Bharat Hain Hum, an animated series consisting of two seasons, produced by Central Bureau of Communication, Ministry of Information and Broadcasting and Graphiti Studios.
   • The series consists of 52 episodes, 11 minutes each, featuring stories from Indian Freedom struggle from 1500s to 1947.
   • The series is hosted by the iconic animated characters Krish, Trish and Balti boy.
   • The series has been created by the creator duo of Munjal Shroff and Tilakraj Shetty from Graphiti Studios.
   • The series is being produced in the following 12 Languages:
   • Hindi (Master), Tamil, Telugu, Kannada, Malayalam, Marathi, Gujarati, Punjabi, Bengali, Assamese, Odia and English.
   • The series will also be dubbed in following international languages.
     • French, Spanish, Russian, Arabic, Chinese, Japanese, and Korean.

   About KTB-Bharat Hain Hum-

   • Ministry – Ministry of Information and Broadcasting
   • Purpose – to raise awareness amongst the children about India’s glorious freedom struggle and freedom fighters
     Source: PIB

6. Union Minister of Women and Child Development, Smt Smriti Zubin Irani has launched new Standardised Protocol for Management of Malnutrition in Children.
   • The Protocol has been jointly prepared by the Ministry of Women and Child Development and the Ministry of Health and Family Welfare.
   • About Protocol-
   • It will reduce malnutrition through Mission Saksham Anganwadi and Nutrition 2.0.
   • The protocol clearly describes the process of assessing and caring for malnourished children through the Anganwadi and medical ecosystem.
     Source: PIB
7. The Union Cabinet has approved the establishment of an autonomous body named Mera Yuva Bharat (MY Bharat).
   • Objective-
   • Youth development using technology
   • Equitable access to youth
   • About MY Bharat-
   • It will benefit the youth in the age group of 15-29 years (as per the definition of ‘Youth’ in the National Youth Policy).
   • The Mera Yuva Bharat (MY Bharat) will be launched on 31st October, 2023 on National Unity Day.
     Source: PIB
8. Ministry of Social Justice and Empowerment launched Scheme for Residential Education for Students in High School in Targeted Areas (SHRESTHA) to ensure quality education to school students.
   • Under the scheme, students belonging to Scheduled Castes (SC) will be provided with high quality school education by different methods.
   • Implementing agencies – selected grant-in-aid institutions run by NGOs and residential high schools offering high-quality education
   • Provision of Schooling under CBSE/State Board Affiliated Private Residential School-
     • Meritorious students will get admission in selected private schools of CBSE and State Boards.
     • These students will be selected through the National Entrance Test for SHRESHTA (NETS), conducted by the National Testing Agency (NTA).
     • Selected students will be admitted to private residential schools in the 9th and 11th grades, enabling them to complete their education up to the 12th standard.
   • Eligibility-
     • Around 3000 SC students with parents’ annual income up to Rs 5 lakh are selected annually based on their merit.

   • Benefits-
     • For the students taking admission under this scheme, their entire fee including school fees (tuition fees) and hostel fees (mess charges) will be waived off.
     • Admissible fees for each class are specified as follows- 9th: ₹1,00,000, 10th: ₹1,10,000, 11th: ₹1,25,000, 12th: ₹1,35,000.
       Source: livemint

State News

1. Hyderabad’s Old City is set to welcome a technology revolution with the construction of the iTEK Nucleus IT tower at Malakpet, with a budget of Rs 700 crore.
   • The project is a public-private partnership between the Telangana government and the Finczars from Hyderabad, Varma Constructions from Mumbai, and YFC Projects from Gurugram.
   • The tower is expected to generate 50,000 job opportunities.
     Source: ET
2. Metro train trial runs in Bhopal and Indore have been successful, and the metros will become operational by mid-2024.
   Source: MP Rail
3. Delhi govt has established a ‘Green War Room’ at the Delhi secretariat to help the government monitor air pollution.
   Source: HT
4. Rajasthan has introduced the exclusive Valley Queen Heritage Train service, offering passengers a nostalgic journey with a 150-year-old steam engine.
   • The train features a 60-seat Vistadome AC coach and operates four days a week, with tickets priced at INR 2,000 per person.
   • The Valley Queen Heritage Train is the sixth of its kind in India, offering a scenic route through lush green valleys, hills, rare flora, and fauna.
     Source: ToI

   
   
5. Tamil Nadu government announced a new Samadhan Scheme for the settlement of the pending tax dues under the erstwhile Tamil Nadu Value Added Tax and other legacy tax legislations.
   • The scheme has classified the tax dues under five broad categories —
   • ₹50,000 and below,
   • above ₹50,000 to ₹10 lakh,
   • above ₹10 lakh to ₹1 crore,
   • above ₹1 crore to ₹10 crore and
   • above ₹10 crore.
   • The new scheme offers a complete waiver of tax arrears, interest, and penalty if the total tax arrears for an assessment year is below ₹50,000, and this is for every assessment year.
   • For the tax dues that fall in the category of ₹50,000-₹10 lakh, traders can just pay 20% of the dues or by paying a portion of the tax, interest, and fine to settle the disputes once and for all.
   • In the other three categories, traders could pay the mentioned portion of the tax, interest, and fine and move out.
     Source: Hindu Business Line

6. Chhattisgarh Baiga tribe gets habitat right under Forest Right Act, 2006.
   • The habitat right is a provision meant for Particularly Vulnerable Tribal Groups (PVTG) of the country.
   • Total PVTG tribes – 75
     Source: TOI

   
   

International News

1. The first ever Gandhi Museum in North America, dedicated to the life and legacy of Mahatma Gandhi, has been inaugurated in the US city of Houston in Texas.
   • The Eternal Gandhi Museum is the only Gandhi-related Museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
     Source: HT

   
   
2. The International Energy Agency hosted the first ever “Critical Minerals and Clean Energy Summit” on 28 September 2023 at the IEA headquarters in Paris.
   • The 1st edition of the ‘Critical Minerals Market Review’ was published.
   • The report provides a major update on the investment, market, technology and policy trends of the critical minerals sector in 2022 and an initial reading of the emerging picture for 2023.
   • Key observations of the report –
   • In 2022, electric car sales increased by 60%, surpassing 10 million units, and energy storage systems experienced rapid growth with doubled capacity additions.
   • Solar PV installations broke records, and wind power is set to rise after two subdued years, leading to a significant increase in demand for critical minerals.
   • Investment in energy transition minerals has doubled over the past 5 years, reaching a market size of USD 320 billion in 2022, similar to the iron ore mining market.
     Source: IEA and IEA

   
   
   
   
3. European Union has approved world’s first green bond standard to avoid greenwashing.
   • The new standards will help investors to pick sustainable companies and avoid greenwashing or misleading climate-friendly claims.
   • These new voluntary standards will initiate the use of ‘European Green Bond label’, which are first of its kind globally.
   • How will this work?
   • Companies who want to label their bonds as “green” in EU would have to disclose information about how bonds proceeds would be used.
   • At least, 85% of funds raised would have to be allocated to activities in line with EU’s “taxonomy” of sustainable activities.
   • Also, firms would have to show that how these investments are made for transition to a net zero carbon emission economy.
   • These standards set up a registration system and a supervisory framework for external reviewers of European green bond.

Source: Business Standard

Banking and Economy

1. The RBI has formed an external working group to provide input on the expected credit loss (ECL) framework for bank provisioning.
   • The ECL approach represents a shift from the current incurred loss-based provisioning system.
   • Chair of the working group – R. Narayanaswamy (former Professor, IIM Bangalore)
   • Total members – 9
   • Purpose – to monitor the implementation of the ECL framework
     Source: RBI
2. Amazon launched its first prototype satellites for the Kuiper internet network to compete with SpaceX’s Starlink.
   • The United Launch Alliance’s Atlas 5 rocket carried the two test satellites into space.
   • Amazon is investing $10 billion in the Kuiper project, aiming to target consumers and enterprise customers.
   • Project Kuiper is Amazon’s initiative to deploy a large constellation of low Earth orbit (LEO) satellites to provide global broadband internet services.
     Source: Reuters
3. SEBI has created a centralised mechanism for reporting and verification through KYC Registration Agency (KRA) in case of the demise of an investor to smoothen the transmission process in securities market.
   • Effective from – January 1, 2024
   • How will it work?
   • Upon receiving notification of an investor’s demise, the intermediary must obtain the death certificate and PAN from the notifier or nominee, verify the certificate the next working day, and treat it as “Original Seen and Verified” (OSV).
   • After verifying the death certificate, the intermediary must submit a KYC modification request to the KRA, block debit transactions in the investor’s account, and, if the death certificate is not received, submit a KYC modification request stating, “confirmation awaited.”
   • The KRA will validate and verify the request and update the KYC record as “Blocked Permanently” and inform linked intermediaries.
   • To ensure consistency in operations, stock exchanges, depositories, industry associations, and KRAs will establish common Standard Operating Procedures (SOPs).
     Source: LiveMint

4. Mahindra Last Mile Mobility (MLMML) has received Rs 300 crore as the first tranche of its investment from the International Finance Corporation (IFC).
   • MLMML is a subsidiary of Mahindra and Mahindra.
   • The investment is as per agreement which was signed in March 2023, when IFC agreed to invest Rs 600 crore in MLMML.

5. Federal Bank has extended Unified Payment Interface (UPI) services to Non-Resident Indians for enhancing seamless transactions.
   • The UPI services for NRE will be available on FedMobile (mobile banking platform).
   • This service will be available in NPCI approved countries, which are Singapore, Australia, Malaysia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, UAE and United Kingdom.
   • This feature will also be available on other UPI Apps which supports global UPI transactions.
     Source: TOI
6. Payment aggregator Paysharp Pvt Ltd gets ISO 27001:2022 certification – an international standard on how to manage information security.
   • Published by – International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC)
   • Objectives of the standard –
   • To encourage companies to establish, maintain, and continually improve an information security management system (ISMS) within the organization
   • To assess and treat information security risks associated with people, processes, and technology aspects to protect businesses

   
   

7. Axis Bank has launched the country’s first numberless credit card in partnership with fintech startup Fibe.
   • The card offers enhanced security as it doesn’t have a card number, expiry date or CVV printed on it which reduces the risk of identity theft or unauthorized access to cards details.
   • The card will be powered by RuPay and it can be linked to UPI.
   • The card will be accepted across all offline stores as well as digital platforms except for international transactions.
   • The card will also offer tap and pay feature and also offers a cashback on certain transactions.

8. Union Cabinet has fixed the royalty rates for lithium, niobium and rare earth elements (REE).
   • Under the new regime, the mines will be auctioned by Centre and the royalty will continue to be accrued to the states where these minerals lie.
   • This provision was made in the Mines and Minerals (Regulation and Development) Amendment Act, 2023.
     Source: Economic Times
9. Foreign companies without PAN can open bank account in IFSC-Gift City.
   • The companies opening bank account at IFSC will have to file declaration in Form 60 and should not have any tax liability in India.
   • The Finance Ministry has amended Income Tax Rules exempting non-residents opening a bank account from submitting PAN.
     Source: livemint

10. National Statistics Office (NSO), Ministry of Statistics & Programme Implementation has released the 6th Periodic Labour Force Survey (PLFS) for the period of 2022-23 (July 2022 and June 2023).
    • Labour Force Participation Rate (LFPR) –

• LFPR in Rural areas: Increased from 50.7% (2017-18) to 60.8% (2022-23)
• LFPR in Urban areas: Increased from 47.6% (2017-18) to 50.4% (2022-23)
• LFPR for male: Increased from 75.8% (2017-18) to 78.5% (2022-23)
• LFPR for female: Increased from 23.3% (2017-18) to 37.0% (2022-23)

• Worker Population Ratio

• WPR in Rural Areas: Increased from 48.1% (2017-18) to 59.4% (2022-23)
• WPR in Urban areas: Increased from 43.9% 2017-18) to 47.7% (2022-23)
• WPR for male: Increased from 71.2% (2017-18) to 76.0% (2022-23)
• WPR for female: Increased from 22.0% (2017-18) to 35.9% (2022-23)

• Unemployment Rate
  • UR in Rural areas: Decreased from 5.3% (2017-18) to 2.4% (2022-23)
  • UR in urban areas: Decreased from 7.7% (2017-18) to 5.4% (2022-23)
  • UR for male: Decreased from 6.1% (2017-18) to 3.3% (2022-23)
  • UR for female: Decreased from 5.6% (2017-18) to 2.9% (2022-23)

Source: PIB

GDP Forecasts

1. International Monetary Fund has released the World Economic Outlook Report- October 2023 edition.

• Reason for increase in India’s forecast – stronger-than-expected consumption during April-June quarter of FY24
• Inflation projections for India – 5.5% in fiscal 2023-24 before easing to 4.6% in 2024-25.

Source: Mint and IMF

Defence News

1. Indian Navy hosted the 2023 edition of Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise– CHAKRAVAT at Goa.
   • The last edition (2022) of the exercise was conducted at Agra by IAF.
   • It is a joint exercise of Indian Navy, Air Force, and Army. It is hosted by one of these forces on a rotational basis.
   • Logo-
     • The Logo for this year’s exercise depicts crests and logos of all participating agencies and flags of all nations subsumed into one single entity to signify that HADR will hinge on joint and integrated action by the all the agencies.
   • Invitee Countries – Comoros, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Sri Lanka, and Tanzania

2. National Security Council Secretariat has organized 2nd edition of National Cyber Security Exercise named ‘Bharat NCX 2023’ for government, public and private sector organizations.
   • Purpose – To train senior management and technical personnel of these organizations in handling cyber incidents and response
   • The program is conducted by the National Security Council Secretariat (NSCS), in strategic partnership with Rashtriya Raksha University (RRU).
     Source: PIB

Awards

1. Reliance Industries Limited Chairman Mukesh Ambani has topped in the Hurun India Rich List 2023.
   • 2nd position – Adani Group Chairman Gautam Adani (who topped the list in 2022)
   • Key Findings-
   • The list includes Kaivalya Vohra (20), Founder of Zepto, as the youngest member, underscoring the impact of India’s startup revolution.
     Source: India Today

Important Days

1. October 8 – Indian Air Force Day (established on 8 October 1932); Theme – IAF-Airpower Beyond Boundaries
   • Motto – Touching the sky with Glory (नभः स्पृशं दीप्तम्)
   • New ensign of Indian Air Force –

2. October 11– International Day of Girl Child 2023; Theme- Invest in Girls Rights: Our Leadership, Our Well-being.
   Source: UNICEF
3. Second Thursday of October (October 12, 2023)- World Sight Day; Theme- “love your eyes at work”
   Source: livemint

Sports

1. Indian badminton player Ayush Shetty won a bronze medal in men’s singles at the BWF World Junior Championships 2023 in Spokane, USA.

2. The International Olympic Committee (IOC), Olympic Museum and Reliance Foundation signed an agreement to promote Olympic values Education Programme (OVEP) through sports among children.
   • It has started in the Mumbai region and it will soon expand across Maharashtra.
   • The agreement will focus on grade specific activities in selected schools.
   • Sessions will be held between athletes and students to promote physical activity and raising awareness to promote Olympic values.

3. Max Verstappen (Dutch) of Red Bull won Qatar GP 2023 at Lusail International Circuit in Qatar.
   Source: TOI
4. Jannik Sinner (Italy) won the men’s single title in China Open 2023 (tennis) by defeating Daniil Medvedev of Russia.
   • Women’s Singles – Iga Świątek (Poland)
     Source: ESPN

Memorandum of Understanding

1. UAE and India have signed an MoU for sustainable industrial development.
   • The MoU focuses on industrial investments, technology transfer, and key technology deployment.
   • Seven key areas of focus include supply chain resilience, renewable energy, health and life sciences, space systems, AI, Industry 4.0, and standardization and metrology.
   • The collaboration will extend to AI deployment, 4IR technologies, and standardization efforts.
     Source: PIB
2. Automotive Research Association of India has signed an MoU with IIT Guwahati to establish the “Digital Twin Center for Emerging Automotive Systems” as part of the Capital Goods scheme Phase II of the Ministry of Heavy Industries.
   • This Common Engineering Facility Center (CEFC) will facilitate “SAMARTH Udyog Bharat 4.0” and benefit industries, especially MSMEs and Start-ups, by creating digital twins for various systems.
   • The CEFC components include digitization of data, environment, system controls, material development, and manufacturing processes, all of which can be used for technology development, experimentation, design, simulation, and validation across industries.

3. Assam Skill Development Mission (ASDM) has signed an MoU with Indian Army for upskilling of ex-servicemen and their dependent.
   • Purpose – to help them get remunerative employment and self-employment opportunities
   • During the event CM has also unveiled statue of Lachit Borphukan and Swahid Smarak.
     • The statue of Lachit Borphukan is unveiled inside the Narengi Military Station.
     • Swahid Smarak (Martyr’s column) was unveiled at Lachit Borphukan Park inside Narengi Military Station in Guwahati, Assam.

4. Union Cabinet has approved the signing of the MoU between India and France in the field of Digital Technologies.
   • Objective- To promote closer cooperation and exchange of information pertaining to the digital technologies
   • Impact of MoU–
     • It will improve the bilateral cooperation in the field of digital technologies between both G2G and B2B.
     • Improved collaboration leading to employment opportunities in the field of IT.
     • Duration of cooperation- Five years from the date of signing by both the participants.
       Source: PIB

5. Union Cabinet has approved three separate MoUs with Papua New Guinea, France, Trinidad and Tobago in the field of digital technologies.
   • Objective– to promote closer cooperation and exchange of experience and digital technologies-based solutions (such as India Stack) in the implementation of digital transformational initiatives
     Source: The Hindu

Appointments

1. RBI has appointed Muneesh Kapur as the Executive Director (ED). Kapur will look after the Department of Economic and Policy Research.
   Source: ET

Miscellaeneous

1. Syrian author, poet and screenwriter Khaled Khalifa, has passed away.
   Source: Guardian
2. A cloud burst over Lhonak Lake in South Sikkim resulted in a flash flood in the Teesta River in Lachen Valley.

Source: Hindu

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