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12th July, 2023

Atal Innovation Mission, Numaligarh Refinery Limited, Public Service Awareness (PSA) films, OsteoHRNet, Bharat Internet Utsav, ‘Ama Odisha Nabin Odisha’, Teaming Agreement, Spain-based Navantia, Dornier Aircraft Government Savings Promotion General (Second Amendment) Rules, 2023Card network portability, Irina Ghose, Shavkat Mirziyoyev, World Population Day, America’s 100 most successful self-made women, General Insurance Festival of India (GIFI), World Archery Youth Championships 2023, Luis Suarez

  1. Atal Innovation Mission (AIM), in collaboration with Bayer, has launched ‘ATL Industry Visit’, a unique industry visit initiative under Atal Tinkering labs.
  2. Numaligarh Refinery Limited (NRL, Assam) has been upgraded from Schedule B to Schedule A CPSE by the Government of India.
  3. Information & Broadcasting Ministry has released a draft of comprehensive guidelines for exhibition of Public Service Awareness (PSA) films made by the Central Government for educational and awareness purpose.
  4. Indian Institute of Technology (IIT) Guwahati has developed a Deep Learning (DL)-based framework called OsteoHRNet which can evaluate the severity of Knee Osteoarthritis (OA) by analysing X-ray images.
  5. Department of Telecommunications(DoT), Ministry of Communications in collaboration with MyGov is organising Bharat Internet Utsav.
  6. Odisha Government has launched ‘Ama Odisha Nabin Odisha’ (our Odisha new Odisha) to boost rural infrastructure especially digital connectivity, and promote the Jagannath culture across the state.
  7. Larsen & Toubro (L&T) has signed a Teaming Agreement with Spain-based Navantia to participate in the Navy’s P75 (India) submarine project.
  8. Indian Defence ministry has signed a contract with Hindustan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) at an overall cost of Rs 458 crore.
  9. Ministry of Finance has amended the Government Savings Promotion General Rules, 2018 with the Government Savings Promotion General (Second Amendment) Rules, 2023.
  10. Reserve Bank of India has allowed card network portability from 1 October, 2023.
  11. Irina Ghose has been appointed as the Managing Director of Microsoft India after President Anant Maheshwari resigns.
  12. Shavkat Mirziyoyevhas been re-elected as Uzbekistan’s president.
  13. 11 July- World Population Day (34th edition); Theme- Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities.
  14. 4 Indian-origin women have been named in the Forbes’ list of America’s 100 most successful self-made women.
  15. Bajaj Allianz General Insurance has set a new Guinness World Records title for the Largest Attendance for an Insurance Conference in the first-ever General Insurance Festival of India (GIFI) hosted by it in Pune.
  16. Indian Archery team has won 11 medals (6 gold, 1 silver, and 4 bronze) and finished 2nd in the recently concluded World Archery Youth Championships 2023 in Limerick,
  17. Luis Suarez, the legendary soccer player has passed away.

Table of Content

National News

  1. Atal Innovation Mission (AIM), in collaboration with Bayer, has launched ‘ATL Industry Visit’, a unique industry visit initiative under Atal Tinkering labs.
      • As part of the initiative, the first visit has taken place at Bayer’s manufacturing facility in Vapi, Gujarat.
      • Bayer has opened its manufacturing and production plants and research centres across Vapi, Shamirpet, Chandippa, and Bangalore to the ATL students to provide first-hand exposure.
      • Bayer has partnered with NITI Aayog since 2021 to support various initiatives of the Atal Innovation Mission.
Knowledge Nuggets -
Atal Innovation Mission
• Launched in- 2016
• Aim- To promote a culture of innovation and entrepreneurship in the country.
• Initiatives-
o Atal Tinkering Labs: Creating a problem-solving mindset across schools in India.
o Atal Incubation Centers: Fostering world-class startups and adding a new dimension to the incubator model.
o Atal New India Challenges: Fostering product innovations and aligning them to the needs of various sectors/ministries.
o Mentor India Campaign: A national mentor network in collaboration with the public sector, corporates and institutions.
o Atal Community Innovation Center: To stimulate community-centric innovation and ideas in the unserved /underserved regions including Tier 2 and Tier 3 cities.
o Atal Research and Innovation for Small Enterprises (ARISE): To stimulate innovation and research in the MSME industry.
Source: PIB and AIM

  1. Numaligarh Refinery Limited (NRL, Assam) has been upgraded from Schedule B to Schedule A CPSE by the Government of India.
      • The upgradation to Schedule A will now make NRL eligible to achieve the status of Navratna which in turn will give higher financial autonomy.

Knowledge Nuggets -
• NRL is the largest refinery in Northeast India with a capacity of 3 million metric tonnes per annum (MMTPA). Currently it is implementing a mega refinery expansion project to triple its capacity to 9 MMTPA.
• NRL ranks among the top 20 CPSEs in India, excelling in sales revenue and profitability.
• CPSE (Central Public Sector Enterprises) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more.
Source: ANI

  1. Information & Broadcasting Ministry has released a draft of comprehensive guidelines for exhibition of Public Service Awareness (PSA) films made by the Central Government for educational and awareness purpose.
      • Duration of PSA films: The films shall be screened in cinema theatres for a period of 15 days or as per the Ministry’s instructions. The screening of all government films should be done during PST [Prime Screen Time].
        Source: The Hindu
  2. Indian Institute of Technology (IIT) Guwahati has developed a Deep Learning (DL)-based framework called OsteoHRNet which can evaluate the severity of Knee Osteoarthritis (OA) by analysing X-ray images.
      • Knee osteoarthritis has no possible cure except total joint replacement at an advanced stage, hence an early diagnosis is essential.
      • This AI-based model can be used to detect the severity level of the disease and assist medical practitioners remotely for a more accurate diagnosis.
      • This model predicts knee OA severity according to the WHO-approved Kellgren and Lawrence (KL) grading scale that ranges from grade 0 (low severity) to 4 (high severity).

Knowledge Nuggets -
• Knee Osteoarthritis is the most common musculoskeletal disorder in the world and has a prevalence of 28% in India.
• There is no possible cure for Knee OA except total joint replacement at an advanced stage hence an early diagnosis is essential for pain management and behavioral corrections.
Source: Economic Times

  1. Department of Telecommunications(DoT), Ministry of Communications in collaboration with MyGov is organising Bharat Internet Utsav.
      • The event aims to assimilate and share empowering real-life stories on the transformation brought by the Internet in various aspects of life of the citizens.
        Source: Economic Times

State News

  1. Odisha Government has launched ‘Ama Odisha Nabin Odisha’ (our Odisha new Odisha) to boost rural infrastructure especially digital connectivity, and promote the Jagannath culture across the state.
      • An amount of 4000 Crore has been sanctioned under the scheme from the State Budget.
      • Coverage: The scheme will cover all Gram Panchayats in each Block of the State with the entitlement of 50 lakhs.
      • Project Cost: Every gram panchayat can take up works up to 10 lakhs under the scheme.
      • Ministry: Ministry of Panchayati Raj and Drinking Water Department, Odisha.
      • The present scheme is a modified version of the previous initiative, ‘Ama Gaon Ama Bikash’ (our village our development).
        Source: TOI

Defence News

  1. Larsen & Toubro (L&T) has signed a Teaming Agreement with Spain-based Navantia to participate in the Navy’s P75 (India) submarine project.
      • These submarines will be based on Spain’s S80 class of submarines.
      • P75 (I) would be the first programme to be processed under the ambitious Strategic Partnership model of acquisition of the Defence Ministry.
Knowledge Nuggets -
Difference between Project 75 and Project 75(I) –
• Project 75 –
o Developing six diesel electric submarines by Mazagaon Dock Shipyard Ltd in collaboration with France’s Naval Group.
o List of submarines and their dates of commissioning –
 INS Kalvari (1st) – 2017
 INS Khanderi (2nd) – 2019
 INS Karanj (3rd) – 2021
 INS Vela (4th) - 2021
 INS Vagir (5th) - 2023
 INS Vagsheer (6th) - 2024
Project 75(I) -
• The P-75I class is a follow-on of the P-75 class submarines of the Indian Navy.
• The Project 75 (I) will develop the six new conventional submarines equipped with Air-Independent Propulsion under the Strategic Partnership Model.
o Strategic Partnership Model – It is a collaboration between domestic industry and a foreign company to produce high-end military platforms to reduce import dependence.
• All six submarines are expected to be constructed in India under the Make in India initiative.
Source: IE and The Hindu

  1. Indian Defence ministry has signed a contract with Hindustan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) at an overall cost of Rs 458 crore.
      • HAL will indigenously manufacture the Dornier Aircraft at its Kanpur facility.
      • Earlier this year, the defence ministry had signed a deal with HAL to procure six Dornier aircraft at a cost of Rs 667 crore for the Indian Air Force.
Knowledge Nuggets -
• The Dornier aircraft is a highly versatile multi-purpose light transport aircraft.
• It has been developed specifically to meet the manifold requirements of utility and commuter transport as well as for maritime surveillance.

Banking and Economy

  1. Ministry of Finance has amended the Government Savings Promotion General Rules, 2018 with the Government Savings Promotion General (Second Amendment) Rules, 2023.
      • The rules cover various schemes provided under Government Savings Promotion Act, 1873 such as Public Provident Fund (PPF), National Saving Certificate (NSC), Sukanya Samriddhi, Senior Citizens Savings Scheme, Mahila Samman Nidhi Post Office Time Deposits, Kisan Vikas Patra, and Post Office Monthly Income Scheme.
      • Amendments made-
Category2018 rules 2023 Changes
Non-resident IndiansNot allowed to invest in small saving schemes. Eligible to be nominated as nominee.
Conversion of accountAccount opened as a Single Account cannot be converted into a Joint Account or vice versa. Conversion of a joint account into a single account on account of the death of an account holder.
Accounts on the names of minorsAt present, an adult can open an account on behalf of the minor by submitting proof of age of minor. There is a provision for submission of passport size photograph of the account holder. The latest rule says that only the recent passport size photograph of the guardian needs to be submitted.
Death of Depositor- If the total amount is up to ₹5 lakh in a deposit account, and there is no nominee and the probate of his will or letters of administration of estate or a succession certificate or legal heir certificate is not produced within six months from the date, then the rightful claimant will be required to fill Form11.
Source: The Hindu Business Line and Official notification

  1. Reserve Bank of India has allowed card network portability from 1 October, 2023.
      • Card network portability enables consumers to transfer their card accounts from one network to another.
        • Currently, when applying for a debit or credit card, there is no option to choose the network provider as it is decided by the card issuer.
      • Authorised card networks in India-
        • American Express Banking Corp.
        • Diners Club International Ltd.
        • MasterCard Asia/ Pacific Pte. Ltd.
        • National Payments Corporation of India – Rupay
        • Visa Worldwide Pte. Limited
        • Source: Business Standard

Appointments

  1. Irina Ghose has been appointed as the Managing Director of Microsoft India after President Anant Maheshwari resigns.
      • She was previously working as the Chief Operating Officer (COO) with Microsoft India.
      • New COO: Navtej Bal
        Source: The Hindu Business Line
  2. Shavkat Mirziyoyevhas been re-elected as Uzbekistan’s president.
    Source: Euro News

Important Days

  1. 11 July- World Population Day (34th edition); Theme- Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities.
      • History of the Day- It was established by the Governing Council of the United Nations Development Programme in 1989 to mark the significant global population milestone of reaching 5 billion people on July 11th, 1987.
        Source: India Today

Awards

  1. 4 Indian-origin women have been named in the Forbes’ list of America’s 100 most successful self-made women.
      • Jayshree Ullal, president and CEO of computer networking firm Arista Networks has been ranked 15th on the list, the highest among Indian-origin business leaders.
      • Neerja Sethi, co-founder of IT consulting and outsourcing firm Syntel, has been ranked 25th on the list. She has a net worth of USD 990 million.
      • Neha Narkehe, co-founder and former chief technology officer (CTO) of cloud company Confluent, is ranked 50th on the list, with a net worth of USD 520 million.
      • Indira Nooyi, the former chair and CEO of PepsiCo, is ranked 77th on the Forbes list. She has a net worth of USD 350 million.
        Source: Hindustan Times
  2. Bajaj Allianz General Insurance has set a new Guinness World Records title for the Largest Attendance for an Insurance Conference in the first-ever General Insurance Festival of India (GIFI) hosted by it in Pune.
      • The idea of GIFI is of creating a platform that brings together the best in the general insurance industry.
      • Bajaj Allianz General Insurance is India’s leading private general insurance company.
      • GIFI Awards received during the event-
CategoryWinner
Best Health Insurance Advisor in IndiaMayank Chander Kothari (Ahmedabad)
Best Motor Insurance Advisor in India-Shiv Kumar Gupta (Varanasi)
Best Property Insurance Advisor in IndiaPriyadarshini Sheshadri (Bengaluru)
Best Multiline Insurance Advisor in IndiaPrashant Shah (Mumbai)
Best Woman Insurance Advisor in IndiaPriti Sameer Shah (Mumbai)
Knowledge Nuggets -
• MD & CEO of Bajaj Allianz General Insurance - Tapan Singhel
• Bajaj Allianz is a joint venture between Bajaj Finserv Limited, India's most diversified non-bank financial institution, and Allianz SE, the world's leading insurer and largest asset manager.
• Allianz SE is headquartered in Munich, Germany.

Sports

  1. Indian Archery team has won 11 medals (6 gold, 1 silver, and 4 bronze) and finished 2nd in the recently concluded World Archery Youth Championships 2023 in Limerick,
      • India’s Under 21 category- 6 (4G, 2B)
      • India’s Under 18 category- 5 (2G, 1S, 2B)
      • At the last edition of the World Archery Youth Championships held in 2021 in Wroclaw, Poland, India won 15 medals, including eight golds.
      • India’s U21 archerysquad was led by Priyansh.
      • India’s U18 contingent was led by Aditi Gopichand Swami.
World Archery Youth Championships 2023
World Archery Youth Championships 2023

Source: olympics.com

Miscellaneous

  1. Luis Suarez, the legendary soccer player has passed away.
      • He had played for top European football clubs Barcelona and Inter Milan.
      • He is the only Spanish-born men’s footballer to have won the Ballon d’Or, soccer’s most prestigious individual trophy.
        Source: Economic Times
CEO of Anujjindal.in

About Anuj Jindal

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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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