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13th July, 2022

Investment NSW, Australia’s economic development and investment attraction agency, 3-member committee,  Indian Institute of Technology-Madras,  Vidyalaya Chalo Abhiyan,  India’s first cryptogamic garden,  First ever “Artificial Intelligence in Defence (AIDef) symposium and exhibition”,  irst-ever suspected cases of Marburg virus disease, World Population Prospects 2022,  Master’s in Management Studies (MMS) program in Digital Payments,  Systemic Risk Survey,  International Economic Resilience (IER) 2022 report, definitive agreement to acquire Hochrainer GmbH, ₹500 crore initial public offering,  ‘Bima Manthan’ at Hyderabad,  arrangement for domestic traders,  Advent International,  National Students Day,  National Fish Farmers Day,  World Population Day, Order of the Rising Sun, Gold and Silver Star on Narayanan Kumar,, Asia Book of Records,  La Plagne’s International Chess Festival,  shooting World Cup in Changwon, Korea, 35th Leon Masters active chess tournament title

  1. National Association of Software and Services Companies (NASSCOM) has partnered with Investment NSW, Australia’s economic development and investment attraction agency, to attract investments for IT companies.
  2. Ministry of Home Affairs has formed a 3-member committee to carry out a delimitation exercise of municipal wards in Delhi.
  3. Indian Institute of TechnologyMadras has developed an artificial intelligence tool named “Pivot” that can identify cancer-causing genes.
  4. Tripura government has launched a new scheme, “Earn with Learn”, as part of the Vidyalaya Chalo Abhiyan (Let’s go to school) to bring back those who had dropped out of schools after the outbreak of Covid-19.
  5. India’s first cryptogamic garden was inaugurated in the Chakrata town of Dehradun, Uttarakhand.
  6. First ever “Artificial Intelligence in Defence (AIDef) symposium and exhibition” was organised by Department of Defence Production in New Delhi.
  7. For the first time, NASA has removed nearly 78 kilograms of trash from the International Space Station (ISS).
  8. Ghana has reported its first-ever suspected cases of Marburg virus disease.
  9. World Population Prospects 2022 report has been released by UN Department of Economic and Social Affairs.
  10. National Payments Corporation of India (NPCI) has collaborated with Jamnalal Bajaj Institute of Management Studies (JBIMS) to co-create a Master’s in Management Studies (MMS) program in Digital Payments for its employees.
  11. RBI has released its latest Systemic Risk Survey (SRS), which was conducted in May 2022 with 48 people as respondents.
  12. PHD Chamber of Commerce and Industry has released the International Economic Resilience (IER) 2022 report.
  13. State-owned Convergence Energy Services Ltd (CESL), along with the World Resources Institute India (WRI India), are planning to deploy 50,000 electric buses on Indian roads by 2030.
  14. Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering, has signed a definitive agreement to acquire Hochrainer GmbH, based in Freilassing, Germany.
  15. Agro-chemical firm GSP Crop Science Pvt Ltd (based in Ahmedabad) aims to launch a ₹500 crore initial public offering (IPO) by next year.
  16. IRDAI has organized the ‘Bima Manthan’ at Hyderabad to further increase the insurance penetration in India.
  17. RBI has announced an arrangement for domestic traders to settle imports and exports in rupees with countries including Russia and Sri Lanka.
  18. City Union Bank (CUB) has announced to partner with Care Health Insurance, Bajaj Allianz Life Insurance Co. Ltd., Royal Sundaram General Insurance Co. Ltd. and Aditya Birla Health Insurance for distribution of insurance products in life, health and general sectors.
  19. Global private equity investor Advent International has appointed Pratik Pota as the MD and CEO of consumer durables maker Eureka Forbes.
  20. July 9 – National Students Day (founding of Akhil Bharatiya Vidyarathi Parishad, ABVP)
  21. July 10 – National Fish Farmers Day (65th edition); also the foundation day of National Fisheries Development Board
  22. July 11 – World Population Day; Focus – A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all
  23. Japan has conferred the Order of the Rising Sun, Gold and Silver Star on Narayanan Kumar, vice chairman of Sanmar Group and former president of the Confederation of Indian Industry (CII).
  24. Maharashtra Metro and National Highway Authority of India have entered into Asia Book of Records and Indian Book of Records for creating a world record in Nagpur.
  25. Annemasse Chess Circle (CABE) backed by the International Chess Federation has organized La Plagne’s International Chess Festival in Plagne Soleil, France.
  26. Arjun Babuta has won the gold medal in the men’s air rifle at the shooting World Cup in Changwon, Korea.
  27. Boris Gelfand has won the 35th Leon Masters active chess tournament title in Leon, Spain.
  28. England’s Jonny Bairstow and South Africa’s Marizanne Kapp have won the ICC men’s and women’s Player of the Month award for June 2022.
  29. Union Minister of State for External Affairs and Culture Meenakshi Lekhi has launched ‘Swadhinata Sangram Na Surviro’ book in Gujarati for commemorating the contributions of freedom fighters.
  30. Brijendra Kumar Syngal (the ‘Father of Internet & Data Services in India’) has passed away.
  31. James Caan (American actor famous for his role in The Godfather) has passed away.
  32. Former New Zealand cricket captain Barry Sinclair has passed away.

Table of Content 

National News

  1. National Association of Software and Services Companies (NASSCOM) has partnered with Investment NSW, Australia’s economic development and investment attraction agency, to attract investments for IT companies.
      • Both entities are organising roadshows in 6 cities for Indian technology companies to highlight business and investment opportunities that exist in Australia.
  2. Ministry of Home Affairs has formed a 3-member committee to carry out a delimitation exercise of municipal wards in Delhi.
      • Chair – Vijay Dev, State Election Commissioner, Delhi
      • Other members – Pankaj Kumar Singh, Joint Secretary in the Union Ministry of Housing and Urban Affairs, and Randhir Sahay, Additional Commissioner, Municipal Corporation of Delhi (MCD)
  3. Indian Institute of TechnologyMadras has developed an artificial intelligence tool named “Pivot” that can identify cancer-causing genes.

State News

  1. Tripura government has launched a new scheme, “Earn with Learn”, as part of the Vidyalaya Chalo Abhiyan (Let’s go to school) to bring back those who had dropped out of schools after the outbreak of Covid-19.
  2. India’s first cryptogamic garden was inaugurated in the Chakrata town of Dehradun,
      • The garden will be housing nearly 50 species of lichens, ferns and fungi (collectively known as Cryptogamae).

Defence News

  1. First ever “Artificial Intelligence in Defence (AIDef) symposium and exhibition” was organised by Department of Defence Production in New Delhi.
      • At the exhibition, 75 newly-developed AI products/technologies, having application in defence, will be launched.

      Additional Facts –

      • Ministry of Defence had set up the “AI task force on Defence” in 2018, under the chairmanship of N Chandrasekaran (Chairman of Tata Sons).
Major Recommendations of the Task Force –
• Integrating and embedding AI strategy for Defence with Defence strategy.
• Establishment of a High level Defence AI Council (DAIC) and a Defence AI Project Agency (DAIPA).
• Earmarking of AI budget from yearly Defence Budget with a corpus of Rs 1,000 crores to be provided each year for next 5 years to support AI activities.
  • High level Defence AI Council (DAIC) under the Chairmanship of Raksha Mantri and Defence AI Project Agency (DAIPA) with Secretary of Defence Production Department as ex officio head were set up.
  • AI Sub Committee and Joint Working Group on AI in Tri-Services have also been established since then.

International News

  1. For the first time, NASA has removed nearly 78 kilograms of trash from the International Space Station (ISS).
      • The technology for waste disposal was developed by Nasa’s Johnson Space Center and a private company
  2. Ghana has reported its first-ever suspected cases of Marburg virus disease.
      • It’s a highly infectious viral haemorrhagic fever with a fatality ratio of up to 88% and belongs to the same family as Ebola.
      • Fruit bats of the Pteropodidae Family are the key carriers of the disease. It typically infects humans following prolonged exposure to mines or caves inhabited by Rousettus bat colonies.
      • Human-to-human transmission takes place through direct contact with the blood, secretions, organs or other bodily fluids of infected people.
Marburg virus disease

Reports and Indices

  1. World Population Prospects 2022 report has been released by UN Department of Economic and Social Affairs.
Life Expectancy• Global life expectancy at birth reached 72.8 years in 2019, an improvement of almost 9 years since 1990. Further reductions in mortality are projected to result in an average global longevity of around 77.2 years in 2050.
• Global life expectancy at birth fell to 71 years in 2021.
Population Growth• The global population is projected to reach 8 billion on 15 November 2022.
• India is projected to surpass China as the world’s most populous country in 2023.
• However, the global population is growing at its slowest rate since 1950, having fallen under 1% in 2020.
• The world’s population could grow to around 8.5 billion in 2030 and 9.7 billion in 2050. It is projected to reach a peak of around 10.4 billion people during the 2080s and to remain at that level until 2100.
• More than half of the projected increase in the global population up to 2050 will be concentrated in 8 countries: the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and the United Republic of Tanzania.
Fertility Rate• Presently, 2/3rd of the global population lives in a country or area where lifetime fertility is below 2.1 births per woman.
• The populations of 61 countries or areas are projected to decrease by 1% or more between 2022 and 2050, owing to the low levels of fertility and, in some cases, increasing rates of emigration.

Banking and Economy

  1. National Payments Corporation of India (NPCI) has collaborated with Jamnalal Bajaj Institute of Management Studies (JBIMS) to co-create a Master’s in Management Studies (MMS) program in Digital Payments for its employees.
      • Jamnalal Bajaj Institute of Management Studies is located at
      • It has been launched under NPCI’s “Learn while you Earn” higher education program.
      • NPCI MD& CEO – Mr. Dilip Asbe
      • JBIMS Director – Srinivasan R. Iyengar
  2. RBI has released its latest Systemic Risk Survey (SRS), which was conducted in May 2022 with 48 people as respondents.
      • The SRS is a part of the Financial Stability Report.
      • Demand for credit is expected to see an improvement in the next three months backed by the recovery in GDP and other economic factors.
  3. PHD Chamber of Commerce and Industry has released the International Economic Resilience (IER) 2022
      • The rank analysis is based on 5 lead macroeconomic indicators, for each of the years of 2019, 2020, 2021 and 2022.
      • India is projected to improve to the IER rank of 2nd for the year 2022.
        • India’s improvement – 6th position in 2019, 4th position in 2020, and 3rd position in 2021
      • Germany and Canada both have gained the 1st Rank in the International Economic Resilience.
RankTop 10 Countries
1Germany and Canada
2India
3China
4Italy
5Japan and UK
6 USA and France
7 Brazil
  1. State-owned Convergence Energy Services Ltd (CESL), along with the World Resources Institute India (WRI India), are planning to deploy 50,000 electric buses on Indian roads by 2030.
  2. Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering, has signed a definitive agreement to acquire Hochrainer GmbH, based in Freilassing, Germany.
  3. Agro-chemical firm GSP Crop Science Pvt Ltd (based in Ahmedabad) aims to launch a ₹500 crore initial public offering (IPO) by next year.
  4. IRDAI has organized the ‘Bima Manthan’ at Hyderabad to further increase the insurance penetration in India.
      • At the event, two committees were formed.
        • 1st – A nine-member panel, chaired by Bhargav Dasgupta, MD and CEO of ICICI Lombard General, has been set up to sort out the issues between non-life insurers and re-insurers.
        • 2nd – A seven-member panel, chaired by Naveen Tahilyani, CEO and MD, Tata AIA Life Insurance, has been set up to look at the life insurance segment and re-insurers.
          • The panel makes recommendations on stabilisation of reinsurance rates, capacity constraints with reinsurers, securitisation of mortality risk and financial reinsurance solutions, among others.
  5. RBI has announced an arrangement for domestic traders to settle imports and exports in rupees with countries including Russia and Sri Lanka.
      • According to RBI, it will promote global trade growth and will support the increasing interest of the global trading community in the domestic currency.
      • This will also help India to promote exports and facilitate trade with countries under sanctions.
      • Under the mechanism, Indian importers will make payments in rupees, which will be credited to the Vostro account of the correspondent bank of the partner country. Similarly, Indian exporters will be paid the export proceeds in rupees from the balances in the Vostro account of the partner country.
  6. City Union Bank (CUB) has announced to partner with Care Health Insurance, Bajaj Allianz Life Insurance Co. Ltd., Royal Sundaram General Insurance Co. Ltd. and Aditya Birla Health Insurance for distribution of insurance products in life, health and general sectors.

Appointments

  1. Global private equity investor Advent International has appointed Pratik Pota as the MD and CEO of consumer durables maker Eureka Forbes.

Important Days

  1. July 9 – National Students Day (founding of Akhil Bharatiya Vidyarathi Parishad, ABVP)
      • October 15 – World Students Day (birth anniversary of APJ Abdul Kalam)
  2. July 10 – National Fish Farmers Day (65th edition); also the foundation day of National Fisheries Development Board
      • Hyderabad hosted the celebration event.
      • The day is observed to commemorate Professor Dr Hiralal Chaudhury and his colleague Dr KH Alikunhi for their contribution in achieving the successful induced breeding of major carps on 10th July, 1957 at Angul in Odisha.
  3. July 11 – World Population Day; Focus – A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all

Awards

  1. Japan has conferred the Order of the Rising Sun, Gold and Silver Star on Narayanan Kumar, vice chairman of Sanmar Group and former president of the Confederation of Indian Industry (CII).
      • Reason – in recognition of his contribution to strengthen economic relations between Japan and India
      • Kumar was the president of CII in 1997-98.
  2. Maharashtra Metro and National Highway Authority of India have entered into Asia Book of Records and Indian Book of Records for creating a world record in Nagpur.
      • Both entities have developed Asia’s longest Double Decker Viaduct (3.14 KM) with Highway Flyover & Metro Rail Supported on single column piers.

Sports

  1. Annemasse Chess Circle (CABE) backed by the International Chess Federation has organized La Plagne’s International Chess Festival in Plagne Soleil, France.
      • GM Vitaly Sivuk has won the championship.
      • GM Iniyan P was 2nd and International Master Sayantan Das was 3rd.
  2. Arjun Babuta has won the gold medal in the men’s air rifle at the shooting World Cup in Changwon, Korea.
  3. Boris Gelfand has won the 35th Leon Masters active chess tournament title in Leon, Spain.
  4. England’s Jonny Bairstow and South Africa’s Marizanne Kapp have won the ICC men’s and women’s Player of the Month award for June 2022.

Miscellaneous

  1. Union Minister of State for External Affairs and Culture Meenakshi Lekhi has launched ‘Swadhinata Sangram Na Surviro’ book in Gujarati for commemorating the contributions of freedom fighters.
  2. Brijendra Kumar Syngal (the ‘Father of Internet & Data Services in India’) has passed away.
      • He was the former chairman of Videsh Sanchar Nigam Ltd.
  3. James Caan (American actor famous for his role in The Godfather) has passed away.
  4. Former New Zealand cricket captain Barry Sinclair has passed away.
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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