Monthly Beepedia June 2022

Monthly BeePedia
June 2022
INDEX
RBI, Banking and Economy _______________________________________ 2
SEBI and Financial Awareness_____________________________________ 3
NABARAD and Agriculture _______________________________________
National________________________________________________________ 4
International ___________________________________________________
States__________________________________________________________ 4
Reports and Indexes ____________________________________________ 5
Science and Technology _________________________________________ 6
Defence _______________________________________________________ 6
Events ________________________________________________________
Appointments _________________________________________________ 7
Awards and Honours ____________________________________________
Important Days ________________________________________________
Sports ________________________________________________________ 7
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Monthly BeePedia
June 2022
RBI, Banking and Economy

Housing price index records slower annual growth in Q4: RBI
 The y-o-y movements in HPI varied widely across the cities - ranging from a growth of 19.2% (Kolkata)
to a contraction of 11.3% (Bengaluru).
 All India house price index (HPI) recorded a slower annual growth (year-on-year) of 1.8% in Q4Fy22
compared to 3.1 in the previous quarter (Q3Fy22) and 2.7% a year ago (Q4Fy21).
 On a sequential (q-o-q) basis, all India HPI registered a contraction of 1.1% in Q4:2021-22; only Kolkata,
Chennai and Kanpur recorded sequential growth; whereas the index contracted for the remaining cities,
with Bengaluru recorded the highest sequential contraction of 11.1%.
Learn Along:
RBI Headquarters: Mumbai Governor: Shaktikanta Das
4 Deputy Governors: T. Rabi Sankar,
MK Jain, MD Patra, M Rajeshwar Rao
About Housing Price Index:

It is a quarterly report by the Reserve Bank of India (RBI) based on the all-India price movement from data collected
from a few cities. The indices are based on official data of property price transactions obtained from the respective
state governments' registration authorities.
Reserve Bank of India penalises Punjab & Sind Bank over non-compliance
 The Reserve Bank has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-
compliance with certain directions issued by it on external benchmark-based lending.
 A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia,
to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small
enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark.
Learn Along
Punjab & Sind Bank Headquarters: Delhi MD & CEO: S Krishnan
The MCLR (Marginal Cost of Funds based Lending Rate) is the minimum lending rate below which a bank is not
allowed to lend. The MCLR system superseded the previous base rate mechanism in determining commercial bank
lending rates. The MCLR system uses marginal cost of funds, tenor premium, operating costs and cost of carry in CRR
to determine the lending rate.
RBI specifies provisioning norms for NBFC-Upper Layer
 The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-
banking financial companies with that for commercial banks.
 The new norms on standard asset provisioning will come into effect from October 1.
 The RBI has issued the rules on standard asset provisioning as part of the framework for scale-based
regulation for NBFCs.
 As per the revised scale-based regulatory framework,
o NBFCs in the Upper Layer will comprise of entities which are specifically identified by RBI as
warranting enhanced regulatory requirement. The top ten eligible NBFCs in terms of their asset
size shall always reside in the upper layer, irrespective of any other factor.

Monthly BeePedia
June 2022
o In the case of individual housing loans and loans to Small and Micro Enterprises (SMEs),
NBFC-UL have to maintain provisions in respect of standard assets for the funded amount
outstanding at the rate of 0.25%.
o For standard housing loans extended at teaser rates, the rate of provisioning will be 2%.
This will decrease to 0.40 per cent after 1 year from the date on which the rates are reset at
higher rates (if the accounts remain ‘standard’).
o Standard advances to the Commercial Real Estate – Residential Housing (CRE - RH) and
Commercial Real Estate (CRE) Sector (other than CRE-RH sectors) will carry a provisoning
of 0.75% and 1 %, respectively.
o Standard restructured advances will carry provisioning as stipulated in the applicable prudential
norms for restructuring of advances.
o All other standard loans and advances not included above, including loans to Medium
Enterprises, will carry 0.40 per cent provisioning.
Learn Along
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged
in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by
Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance
business, chit business but does not include any institution whose principal business is that of agriculture activity,
industrial activity, purchase or sale of any goods (other than securities) or providing any services and
sale/purchase/construction of immovable property.
NBFCs will be classified into four categories – base, middle, upper and top layers. The regulatory structure for
NBFCs comprises four layers based on their size, activity, and perceived riskiness. The segregation is based on
the liabilities and assets an NBFC has and the kind of activities it has been engaged in.
o The Base Layer will consist of NBFCs currently classified as non-systemically important NBFCs
(NBFC-non deposit taking), besides Type I NBFCs, non-operative financial holding company, NBFC-
P2P (Peer to Peer lending platform) and NBFC-AA (Account Aggregator). The asset size threshold
for this layer will be less than Rs 1,000 crore.
o The Middle Layer will consist of all non-deposit taking NBFCs classified currently as NBFC-ND-SI
(Non-Deposit Taking Company-Systematically Important) with asset size of over Rs 1,000 crore and
all deposit taking NBFCs irrespective of size.
o The upper layer will comprise of those NBFCs which are specifically identified by the Reserve Bank
as warranting enhanced regulatory requirement based on a set of parameters. The top ten eligible
NBFCs in terms of their asset size shall always reside in the upper layer, irrespective of any other factor.
o The Top Layer will ideally remain empty. This layer can get populated if the Reserve Bank is of the opinion
that there is a substantial increase in the potential systemic risk from specific NBFCs in the Upper Layer.
Such NBFCs shall move to the Top Layer from the Upper Layer.
RBI Raises Housing Loan Limits For Cooperative Banks
 The Reserve Bank of India doubled the limit on housing loans from cooperative banks and also
permitted Rural Cooperative Banks (RCB) to finance residential real estate projects to support
affordable housing and inclusive growth.
Housing loans from Cooperative Banks:

Monthly BeePedia
June 2022
 The central bank allowed urban cooperative banks (UCBs) to provide doorstep banking services to meet
the needs of customers, especially senior citizens and differently abled persons. This would bring UCBs
on par with scheduled commercial banks which already provide such services.
 RBI said it is raising the existing limits on individual housing loans by cooperative banks due to an
increase in housing prices since the last revision and after factoring in customer needs.
o The limits for tier-I/ tier-II UCBs stand revised from Rs 0.30 crore to Rs 0.60 crore and Rs 0.70
crore to Rs 1.40 crore, respectively.
o As regards rural co-operative banks, the limits stand revised from Rs 20 lakh to Rs 50 lakh
for RCBs with assessed net worth less than Rs 100 crore and for other RCBs, the limits
would increase from Rs 0.30 crore to Rs 0.75 crore.
Rural Cooperative Banks to finance residential real estate projects:
 It has been decided to allow RCBs -- state cooperative banks and district central banks -- to extend
finance to commercial real estate – residential housing within the existing aggregate housing
finance limit of 5 per cent of their total assets.
 This decision has been taken in view of the growing need for affordable housing and to realise their
potential in providing credit facilities to the housing sector.
Learn Along
A co-operative bank is a small-sized, financial entity, where its members are the owners and customers of the Bank.
They are regulated by the Reserve Bank of India (RBI) and are registered under the States Cooperative Societies
Act. They are divided into Urban co-operative bank and Rural co-operative bank.
RBI enhances limit for e-mandates on credit/debit cards to Rs 15,000
 In its bi-monthly “Statement on Developmental and Regulatory Policies” the Reserve Bank of India
(RBI) has increased the limit for e-mandates for recurring payments to Rs 15,000 from Rs 5,000.
 The framework on processing of e-mandate based recurring payments, inter-alia, provides for an
Additional Factor of Authentication (AFA) during registration, sending a pre-debit notification,
subsequent recurring transactions to be executed without AFA, and an easier avenue to withdraw such
mandates.
Benefits to customers: Increasing cap on e-mandate for card recurring payment will benefit customers.
The maximum limit for without-AFA e-mandates was Rs 5000 earlier. This meant that for subscriptions, a
recurring payment up to Rs 5000 could be done without any Additional Factor of Authentication (AFA) like
OTPs. For payments beyond that, the customer had to enter the OTP. But with the limit now extended to
Rs 15000, the process of subscription payments will become more hassle-free and convenient.
Learn Along
Additional Factor of Authentication: This process is known as two-step multi-factor authentication, or additional
factor authentication (AFA), and it increases the security of a digital account by using two different pieces of
information.
RBI allows credit cards to be linked to UPI

 The Reserve Bank of India (RBI) allowed linking of credit cards to Unified Payments Interface
(UPI), which so far was being used as a ‘pay now’ facility, wherein money was debited from a customer’s
bank account directly for any transaction.

Monthly BeePedia
June 2022
 Initially, home-grown card network Rupay Credit cards will be linked with UPI.
 This arrangement is expected to provide more avenues and convenience to the customers in making
payments through UPI. Now, UPI can be used like a credit facility. Effectively, one will be using the
credit facility that is available on the credit card.
Learn Along
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India
and works by instantly transferring funds between two bank accounts on a mobile platform.
RBI lifts restrictions on Mastercard over onboarding new customers
 The Reserve Bank of India (RBI) lifted the ban imposed on Mastercard and allowed the card
network to onboard new customers for debit, credit, or prepaid cards, as it is satisfied with the
company’s compliance with the storage of payment data norms.
 The embargo on the company is being lifted almost a year after it was imposed in July last year.
 The move will benefit lenders, such as YES Bank and RBL Bank, which were solely issuing Mastercard
cards before the ban.
Learn Along
Mastercard is a payment system operator, operating a card network in the country under the Payment and
Settlement Systems Act. Along with Mastercard, Visa and RuPay are the three big card networks in the country.
About Mastercard Headquarters: New York, United States CEO: Michael Miebach
Reserve Bank of India turns net buyer of dollars in April
 After selling $20 billion in March in the foreign exchange market in March, the Reserve Bank of India
turned net buyer of dollars in April.
 According to the latest data, the RBI purchased $1.96 billion in April.
 The central bank has been aggressively intervening in the foreign exchange market since the war broke
out in Europe in late February, following which most emerging market currencies are feeling the heat
as investors rushed for safe haven assets.
 The rupee has depreciated 4.8 per cent against the dollar in 2022.
RBI’s Payments Vision 2025
 The Reserve Bank of India (RBI), in a document for payments systems, titled “Payments Vision 2025”,
outlined its vision on the architecture of digital finance.
 The Payments Vision 2025 has the core theme of E-payments for everyone, everywhere, every time
(4Es) and aims to provide every user with safe, secure, fast, convenient, accessible and affordable e-
payment options.
 The activities to be taken up by the central bank up to 2025 have been captured across five anchor
goal posts of:
I. Integrity
II. Inclusion
III. innovation
IV. institutionalisation

Monthly BeePedia
June 2022
V. internationalization
 These goal posts have 47 initiatives through which the central bank aims to achieve 10 outcomes,
including increasing the number of digital payment transactions three times, the UPI registering 50 per
cent annualised growth, Immediate Payment Service (IMPS) and National Electronic Fund Transfer
(NEFT) registering 20 per cent growth, and debit card usage surpassing credit card usage.
Enhancements to the Cheque Truncation System (CTS), including One Nation One Grid clearing and
settlement, and the creation of a payment system for processing online merchant payments using the
internet and mobile banking, are among the other proposed. It also advocated regulations for BigTechs
and fintechs in payments; guidelines on payments involving “Buy Now Pay Later” (BNPL) services;
introducing the central bank digital currency (CBDC); and linking credit cards and credit components of
banking products to the Unified Payments Interface (UPI).
Learn Along:
Immediate Payment Service is an instant payment inter-bank electronic funds transfer system in India. IMPS offers
an inter-bank electronic fund transfer service through mobile phones. The service is available 24x7 throughout the
year including bank holidays. NEFT was also made available 24x7 from December 2019.
National Electronic Funds Transfer is an electronic funds transfer system maintained by the Reserve Bank of India.
Started in November 2005, the setup was established and maintained by Institute for Development and Research in
Banking Technology.
Cheque Truncation System (CTS) was introduced by the Reserve Bank of India (RBI) for faster clearing of cheques.
This system is a move in the right direction and will ensure efficiency, security, transparency and faster credit of the
funds which will benefit both the customer and the bank.
Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation
of India. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions.
Buy Now Pay Later is a financing option that allows customers to spread their payments over a relatively short
period of time instead of paying upfront. BNPL, as it is commonly known, gives customers the flexibility of raising
credit, often interest-free.
Central bank digital currencies are digital tokens, similar to cryptocurrency, issued by a central bank. They are
pegged to the value of that country's fiat currency. A CBDC is issued and regulated by a nation's monetary authority
or central bank. CBDCs promote financial inclusion and simplify the implementation of monetary and fiscal policy.
RBI extends date for implementing provisions on credit, debit card issuance
 The Reserve Bank of India (RBI) extended the timeline for implementation of certain provisions of
the master directions it issued on issuance of debit cards and credit cards by three months from
July 1, 2022 to October 1, 2022.
 In the master directions issued, RBI had said card issuers will have to seek one-time password (OTP)-
based consent from the cardholder for activating a credit card, if the same has not been activated by
the customer for more than 30 days from the date of issuance.
 And, if no consent is granted by the customer, card-issuers will have to close the credit card account
without any cost to the customer within seven working days from the date of seeking confirmation from
the customer.

Monthly BeePedia
June 2022
RBI MPC hikes repo rate by 50 bps; pegs FY23 GDP growth at 7.2%
 The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to
increase the repo rate by 50 basis points to 4.90% in a bid to slow inflation.
 The Standing Deposit Facility and Marginal Standing Facility rates raised by 50 basis points. The
standing deposit facility (SDF) rate and marginal standing facility rate (MSFR) stood at 4.65 per
cent and 5.15 per cent respectively.
 GDP growth forecast for FY23 retained at 7.2 percent. Output was projected to expand by 16.2% in
Q1, by 6.2% in Q2, 4.1% in Q3 and rise 4.0% in Q4.
 CPI inflation forecast for FY23 raised to 6.7 percent from 5.7 percent.
Learn Along
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to
commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency
situation when inter-bank liquidity dries up completely. Under MSF, banks can borrow funds from the RBI by pledging
government securities. RBI charges higher interest rate over and above the repo rate.
The standing deposit facility allows the RBI to absorb excess cash from the economy by sucking liquidity from
commercial banks without giving government securities in return to the lenders. The RBI has fixed the SDF rate at
3.75 per cent. Under the SDF, the banks can place deposits with the RBI on an overnight basis.
Gross domestic product or GDP is a monetary measure of the market value of all the final goods and services
produced in a specific time period.
Consumer Price Index (CPI) is an indicator of inflation. It measures the percentage change in the price of a basket
of goods and services consumed by households.
The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the
Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting.
Former SBI official appointed member of advisory committee of SIFL & SEFL
 The RBI appointed Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a
member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei
Equipment Finance Limited (SEFL).
 After superseding the boards of SIFL and SEFL in October 2021, the RBI had appointed a three-
member advisory committee to assist Rajneesh Sharma, the administrator of the two crisis-ridden firms.
 The Advisory Committee shall advise the Administrator in the operations of the SIFL and SEFL during
the corporate insolvency resolution process.
 The other two members of the committee are: T T Srinivasaraghavan (former Managing Director,
Sundaram Finance Limited) and Farokh N Subedar (former Chief Operating Officer and Company
Secretary, Tata Sons Limited).
Learn Along
RBI Headquarters: Mumbai Governor: Shaktikanta Das
Srei Infrastructure Finance Limited Headquarters: Kolkata Founded: 1989

Monthly BeePedia
June 2022
Srei Equipment Finance Limited Headquarters: Kolkata Founded: 1989
RBI norms for IT services outsourcing by banks and financial entities
 The Reserve Bank of India (RBI) said that banks and other financial institutions outsourcing their
information technology (IT) services to third parties must take care that such arrangements do
not impact their obligations towards customers.
 The banks will not have to take approval from the central bank for entering into such outsourcing
agreements.
 As per the guidelines, scheduled commercial banks, local area banks, small finance banks, payments
banks, certain co-operative banks, non-banking financial companies (NBFC), credit information
companies and other state-owned financial entities will have to follow these guidelines.
Learn Along
NBFC: A non-banking financial institution or non-bank financial company is a financial institution that does not have a
full banking license or is not supervised by a national or international banking regulatory agency. Investment banks,
mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are
all examples of NBFCs.
Payments banks are new model of banks, conceptualised by the Reserve Bank of India, which cannot issue credit.
These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer and may be increased
further. These banks cannot issue loans and credit cards.
Credit Information Company (CIC) is an independent third-party agency that collects financial data of individuals
pertaining to their loans, credit cards and other related information and shares with its members, who generally happen
to be banks and other financial institutions.
RBI extends deadline for card tokenisation till Sept 30
 The Reserve Bank of India (RBI) is extending the deadline for card-on-file (CoF) tokenisation by
another three months to September 30 as transaction processing based on such tokens is yet to gain
traction across categories of merchants.
 It was mandated that no entity in the card transaction or in the payment chain, other than the card
issuers and / or card networks, can store the CoF data, and any such data stored previously be purged.
 The initial deadline was January 1, which was extended by six months.
 CoF refers to card information stored by payment gateway and merchants to process future
transactions.
Learn Along
Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future
transactions. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token'
- thereby enabling more secure transactions.
Share of CASA in total bank deposits rose to 44.8% in March 2022: RBI data
 Data released by Reserve Bank of India (RBI) showed, the share of current and savings accounts
(CASA) deposits of commercial banks has increased to 44.8 per cent as of March 2022-end, from
41.7 per cent three years ago.
 CASA are low-cost deposits of banks, which are margin accretive.

Monthly BeePedia
June 2022
 CASA deposits accounted for 60.9 per cent and 55.6 per cent of incremental deposits during 2020-21
and 2021-22, respectively.
Learn Along
CASA stands for Current Account and Savings Account. CASA deposit is the amount of money that gets deposited
in the current and savings accounts of bank customers. A CASA tends to be a cheaper way for a bank to raise money
than issuing term deposits, such as certificates of deposit (CDs), which offer higher interest rates to the customers.
Financial institutions encourage the use of a CASA because it generates a higher profit margin.
Payments Infrastructure Development Fund corpus touches Rs 811 crore
 The Payments Infrastructure Development Fund (PIDF) has reached a corpus of Rs 811.4 crore.
 PIDF was set up by the Reserve Bank of India (RBI) to subsidise deployment of Points of Sale (PoS)
infrastructure (physical and digital modes) in tier-3 to tier-6 centres and north eastern states of the
country.
 The contribution to the PIDF is made by the RBI, authorised card networks and card issuing banks.
 More than 4.11 lakh PoS, mobile PoS and other physical devices were deployed across the
country under the Payments Infrastructure Development Fund (PIDF) scheme as on April 30, 2022.
 Total physical devices installed under this scheme is 4,11,492 while the number of digital devices are
1,14,05,116.
Learn Along
The PIDF Scheme, operationalised by the Reserve Bank from January 1, 2021, subsidises deployment of Points of
Sale (PoS) infrastructure (physical and digital modes) in tier-3 to tier-6 centres and north eastern states of the country.
From August 2021, beneficiaries of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-
2 centres are also covered.
RBI's Regulations Review Authority moots periodic review of existing rules
 The Regulations Review Authority (RRA 2.0) of the Reserve Bank of India (RBI) has submitted its
report containing a set of recommendations that will supposedly reduce the burden on Regulated
Entities (REs) by streamlining the regulatory instructions and rationalising reporting
requirements.
 The RRA report is based on extensive consultations with both internal as well as external stakeholders.
The report, inter alia, contains recommendations on ease of compliance and reduction in regulatory
burden, streamlining of reporting mechanism and dissemination, and ease of accessibility of regulatory
instructions.
 Following are some of the recommendations:
o Under the recommendations, RRA has suggested for periodic review of existing regulations
for aligning them with evolving developments in the industry practices and financial
landscape.
o RRA guides that to address gaps in understanding, interpreting, and implementing the
instructions, the regulatory instructions should contain a brief Statement of Object underlying
the rationale for issuance of instructions. The instructions should be supplemented with
FAQs/guidance notes and illustrations, wherever necessary.

Monthly BeePedia
June 2022
o It has suggested a separate web page, namely, ‘Regulatory Reporting’ in the RBI website so
that all the information relating to regulatory, supervisory and statutory returns would be
consolidated at a single source on the RBI website.
o The authority has recommended the elimination of paper-based returns and has suggested
a periodic review of regulatory and supervisory returns filed by the REs at least once in
three years to ascertain their relevance and periodicity.
o Further, the RRA has identified 65 regulatory returns, which should either be discontinued
or merged with other returns or shall be converted into online returns.
o It has also been recommended to shift from the current prescription of submitting data on
a reporting fortnight basis to a system of reporting data on the 15th and last working day
of every calendar month. This would improve inter-temporal comparison of banking data and
other economic variables and improve data quality.
o Moreover, RRA also recommended that the Master Circulars may be updated in a time-
bound manner and may eventually be converted into Master Directions, wherever feasible.
Regulatory instructions which have been repealed/withdrawn may be archived/stamped to avoid
confusion amongst the REs/members of the public.
o RRA recommended a standard template for Master Direction and Circular as well as
standardisation of the procedure for updating regulatory instructions going forward.
Learn Along
Regulations Review Authority (RRA 2.0) was set-up by the Reserve Bank of India in April 2021 with the objective
of reducing the compliance burden on Regulated Entities (REs) by streamlining the regulatory instructions and
rationalising reporting requirements. RRA 2.0 has recommended withdrawal of 714 circulars in four tranches of
interim recommendations. It had also recommended discontinuation/merger/conversion to online filing of 65
regulatory returns.
The first Regulations Review Authority was formed in 1999. After two decades, considering the evolution of the
regulatory perimeter and development of the regulatory functions of the Reserve Bank, RRA 2.0 was constituted.
May sees worst FPI sell-off in over two years at Rs 44,000 crore
 Foreign portfolio investors (FPIs) continued their selling spree in May, pulling out nearly Rs 44,000
crore ($5.7 billion) from domestic markets.
 This is the worst sell-off the markets have seen since March 2020 when foreign investors dumped shares
worth Rs 58,632 crore ($7.9 billion) due to the scare triggered by Covid-19.
 The sell-off in May is also the second-highest monthly outflows recorded in the domestic market since
1993.
 In May, FPIs were net-sellers for the eighth straight month, pulling out a staggering Rs 2 trillion ($27
billion) during this period.
 For instance, the selling in March 2020 was a bigger shock as India’s average m-cap was Rs 125 trillion
compared to Rs 253 trillion in May 2022.
Learn Along
Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another
country. It does not provide the investor with direct ownership of a company's assets and is relatively liquid depending
on the volatility of the market.
India's GDP grows 4.1% in Q4; expands 8.7% in FY22: National Statistics Office
 India’s economy grew 4.1% year-on-year in the January-March period of 2021-22 (Q4 FY22).
 NSO pared down the overall growth estimate for FY22 to 8.7% from the 8.8% projected in February.

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June 2022
 In FY22, all sectors except trade, hotels and communication services were above the pre-pandemic
levels of FY20.
 Growth in private final consumption expenditure, or private spending, decelerated sequentially in Q4 to
1.8 per cent, proving to be the weakest link.
 Government spending, however, picked up to grow at 4.8%, supporting overall growth.
 Gross fixed capital formation, which represents investment demand in the economy, slowed to 5.1%.
 Gross value added (GVA) at basic prices grew at 3.9% in the fourth quarter and 8.1% in FY22.
Learn Along
National Statistical Office (NSO), National Sample Survey Office (NSSO) merged with the Central Statistical Office
(CSO) to form the National Statistical Office (NSO). On 23rd May 2019, the Government of India has approved the
merger of NSSO and CSO.
Ministry: Ministry of Statistics
National Statistical Office Launch Year: 23rd May 2019
Gross value added is the output of the country less the intermediate consumption, which is the difference between
gross output and net output. GVA= GDP + Subsidies on Products- Taxes
LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY
 Life Insurance Corporation of India with assets of Rs 42 trillion, said it realised gains of Rs 42,000 crore
from its investment in the equity markets in financial year 2021-22, an increase of 16.6 % from Rs 36,000
crore in FY21.
 LIC invests approximately 25 per cent of its assets under management (AUM) in the equity market. Out
of the total AUM of Rs 42 trillion, 25% is in the equity market.
 LIC’s yield on investments dropped to 8.55% in FY22 compared with 8.69% in FY21.
 LIC’s product mix is dominated by par products and non-par comprises only 7% of sales and 29% of
premiums.
 In Q4FY22, LIC reported a net profit of Rs 2,371.55 crore. But, for the full year (FY22), its net profit
jumped 39 per cent to Rs 4,043 crore as against Rs 2,900.56 crore in FY21.
Learn Along
LIC Headquarters: Mumbai Chairperson– M R Kumar
An asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work
through different investments including stocks, bonds, real estate, master limited partnerships, and more. AMC
managers are compensated via fees, usually a percentage of a client's assets under management.
India's core sector output rises to six-month high of 8.4% in April 2022: Department for Promotion
of Industry and Internal Trade (DPIIT)
 The output of eight core infrastructure industries increased to a six-month high of 8.4% year-on-year
(YoY) in April, 2022.
 The growth in these eight sectors was 62.6% in April last year due to a low base effect caused by
pandemic-induced lockdowns.
 8 sectors — coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil —
comprise two-fifths of India’s total industrial production.
 Out of the eight sectors, barring crude oil and steel, all registered positive YoY growth in April.
Learn Along:
About Core Sector
Core Industries (core sectors) of the economy are the main or the key industries in the economy. There are 8 such
sectors in India. The industries included in the eight-core sectors are coal, crude oil, natural gas, refinery products,
fertilizer, steel, cement and electricity.

Monthly BeePedia
June 2022
Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%: Controller General of Accounts
(CGA)
 Union government’s fiscal deficit for FY22 came in at Rs 15.86 trillion, or 99.7% of the Revised Estimates
(RE) of 15.91 trillion, on the back of higher tax revenues and contained capital expenditure.
 As a percentage of GDP, fiscal deficit stood at 6.7% compared with RE of 6.9%.
 Fiscal deficit for the month stood at Rs 74,846 crore, or 7 per cent of the FY23 Budget Estimate (BE) of
Rs 16.6 trillion, compared with 6.5% for the year-ago period. There was a slight revenue surplus of Rs
591 crore in April.
 For FY22, net tax revenue came in at Rs 18.2 trillion or 103% of RE compared with 106 per cent for the
same period last year. Non-tax revenues were Rs 3.48 trillion, or nearly 111% compared with 98.6% for
the year-ago period, while non-debt capital receipts were 39.2% of RE.
 The revenue deficit for FY22 was also contained at Rs 10.3 trillion, or 94.8% of RE of Rs 10.9 trillion.
 For April 2022, the Centre’s capital expenditure rose 68% compared to the same period last year.
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Capital expenditure is the money spent by the government on the development of machinery, equipment, building,
health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and
investment by the government that gives profits or dividend in future.
India's farm sector clocks 4.1% growth in Q4 of FY22: Ministry of statistics and programme
implementation (MoSPI)
 India’s farm sector grew at a healthy 4.1% rate in the fourth quarter of FY22 (at constant prices), up from
2.8 per cent during the corresponding period of the previous year.
 For the full year, growth was a tad lower at 3% than the 3.3% in FY21.
 Agriculture and allied activities grew at 15.2% in the fourth quarter. This was 6.2% during the
corresponding period of FY21.
 This delivered an inflation impact of 11.1% as compared to 3.4 per cent in FY21.
 Wheat and cotton production, according to the third advance estimate of agriculture output released on
May 19, 2022, is estimated to have gone down by 4.4% and 7.4%, respectively.
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Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing,
housing, recreation, transport, consumer staples, etc.
Govt releases Rs 86,912 cr to states, clears entire GST compensation dues
 Of the Rs 86,912 crore released to states, Rs 47,617-crore compensation was due up to January, Rs
21,322 crore was due for February-March, and Rs 17,973 crore was due for April-May.
 Under the compensation regime, the Centre is mandated to compensate states until June 30 for any loss
in revenue under the GST.
 To meet the shortfall in GST compensation to states, the Centre said that it borrowed Rs 1.59 trillion in
FY22 and Rs 1.1 trillion in FY21 from the market and passed them on to the states.
 The Centre had assumed a 14 per cent annual GST revenue growth following the implementation of GST
in July 2017.
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 GST council is a constitutional body for making recommendations to the Union and State Government on issues
related to Goods and Service Tax.
 The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of
Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.
Centre hikes premium for flagship insurance schemes: Ministry of Finance

Monthly BeePedia
June 2022
 Centre has increased the premium rates for its flagship insurance schemes, Pradhan Mantri Jeevan
Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), for the first time
in seven years due to “long-standing adverse claims experience.
 The premium for PMJJBY would increase from Rs 330 to Rs 436 a year effective June 1, and the PMSBY
premium would rise from Rs 12 to Rs 20.
 PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years.
 PMSBY provides accident cover of Rs 2 lakh to account holders aged 18-70 years.
 Since the launch of PMSBY, about Rs 1,134 crore has been collected as premium and claims of Rs
2,513 crore have been paid under PMSBY as on March 31, 2022.
 About Rs 9,737 crore has been collected as premium under PMJJBY and claims of Rs 14,144 crore have
been paid as on March 31.
 The Centre has also set a target to increase insurance coverage from 64 million to 150 milliom under
PMJJBY and from 220 million to 370 million under PMSBY for the next five years to cover the eligible
population through these two flagship schemes for social security.
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The Pradhan Mantri Jeevan Jyoti Bima Yojana is a government scheme launched in 2015. It aims to provide life
insurance security to the poor and low-income section of the society. This scheme can be availed by people aged
between 18 years to 50 years.
Pradhan Mantri Suraksha Bima Yojana is a government scheme launched in 2015. It intends to provide an affordable
insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account at
a premium of Rs.12 per annum; risk coverage of Rs.2 lakh for accidental death and full disability and Rs.1 lakh for
partial disability.
Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May
 PM Mudra Yojana was launched in April 2015, under which banks and non-banking financial companies
provide credit up to Rs 10 lakh for entrepreneurial activities to small business units, including for new
enterprises in sectors such as manufacturing, trading, services and activities allied to agriculture.
 Loans are sanctioned in three categories ‘Shishu’ (covering loans up to Rs 50,000); ‘Kishore’ (covering
loans from Rs 50,000 to Rs 5 lakh) and ‘Tarun’ (covering loans from Rs 5 lakh to Rs 10 lakh).
 Rs 36,578 crore loans were sanctioned to 5.4 million borrowers under the PM Mudra Yojana (PMMY) in
the first two months of the financial year.
 Of this, Rs 35,598 crore was disbursed to borrowers of all three categories-Shishu, Kishore and Tarun.
 A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the Mudra scheme
in seven year since its inception.
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Pradhan Mantri Mudra Yojana was launched in April 2015 by the Prime Minister, the Mudra Yojana aims to enable
Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks,
RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low-Rate Loans to eligible entities.
IRDAI extends 'Use & File' procedure to health and general insurance plans
 In a bid to empower insurance companies to respond to the emerging market needs in terms of
products, the Insurance Regulatory and Development Authority of India (IRDAI) extended the “Use
and File” procedure to all health insurance products and most general insurance products under,
fire, motor, marine, and engineering.
 Currently, insurance firms have to obtain prior approval from the insurance regulator to launch new
products.

Monthly BeePedia
June 2022
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IRDAI Headquarters: Hyderabad Chairperson: Debasish Panda
Cooperative societies can now procure goods from public procurement portal GeM
 The Union Cabinet expanded the scope of the public procurement portal Government e-Marketplace
(GeM) to allow cooperative societies to register as buyers.
 The decision is expected to help cooperatives in getting competitive prices through an open and
transparent process. More than 8,54,000 registered cooperatives and their 270 million members will be
benefitted.
 While it is still not available for use by private sector buyers, the government, as well as the private
sector, can become suppliers.
 The Ministry of Cooperation will encourage the cooperative societies to make use of the GeM platform
for the procurement of goods and services. To ensure timely payments to sellers, the modalities of
payment systems will be decided by GeM in consultation with the Ministry of Cooperation.
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The Government e-Market (GeM) portal is designed to facilitate online purchases of goods and services by
ministries/departments and entities belonging to the central and state governments to better ensure transparency in
public procurement system.
Ministry of Co-operation: The Union Ministry of Cooperation is a ministry under the Government of India which was
formed in July 2021. The ministry provides a separate administrative, legal and policy framework for strengthening
the cooperative movement in the country.
Aditya Birla Group launches digital venture TMRW in fashion and lifestyle space
 Aditya Birla Group announced the formal launch of its new ‘House of Brands’ entity– TMRW, which
is in line with the group’s strategy to launch and back new-age digital ventures.
 TMRW will create India’s largest portfolio of disruptor brands in the fashion & lifestyle space and enable
the next phase of direct-to-consumer (D2C) growth in India.
 Aditya Birla Group has appointed ex-Facebook & Bain executive, Prashanth Aluru, as the CEO and
co-founder to lead the build-out of this new venture.
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Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 36
countries with more than 140,000 employees. The group was founded by Seth Shiv Narayan Birla in 1857.
Owner: Kumar Mangalam Birla Headquarters: Mumbai
India's FMCG sector grows at 6% in Q4
 According to Nielsen IQ’s report, India’s fast-moving consumer goods (FMCG) market grew 6 per
cent in the January-March quarter over last year led by double-digit price growth.
 However, the sector’s volume stood at -4.1 per cent compared to last year due to a decline in
consumption across all zones and town classes.
 Some of the findings of the report:
o A decline in consumption is echoed across all zones and the town classes, but more prominent
in rural markets, which saw a 5.3 per cent dip – the highest consumption slowdown in the
last three quarters. The south and north zones witnessed more than 5 per cent volume decline.

Monthly BeePedia
June 2022
o The rural markets witnessed higher price increases than urban markets (11.9 per cent in
rural compared with 8.8 per cent in urban in the quarter) in the country. This caused more stress
on consumption.
o The overall volume degrowth was spread across categories, but the extent was significantly
higher in non-food compared to food. The non-food category volumes stood at -9.6 per
cent and the foods category saw a decline of -1.8 per cent in the quarter.
o The report also noted that there is a 5.3 per cent increase in the exit of small manufacturers in
the quarter ended march due to high input cost pressures, and not being able to pass on the
costs to the consumers.
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Fast-moving consumer goods (FMCG), also known as consumer packaged goods, are products that are sold
quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods,
beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables.
Reliance Brands signs JV to acquire 40% stake in toy maker Plastic Legno
 Reliance Brands (RBL) and Plastic Legno SPA have signed a joint venture arrangement through
which the former will acquire a 40 per cent stake in the latter's toy manufacturing business in India.
 Plastic Legno SPA is owned by the Sunino group which has been makings toys in Europe for more than
25 years. It started its India business in 2009 in order to develop a production hub that would cater to
global markets.
 RBL has a strong play in the toy industry with its portfolio of Hamleys, the British toy retailer and
homegrown toy brand – Rowan, making RBL one of the leading toy distributors.
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RBL is a subsidiary of Reliance Retail Ventures and began operations in 2007 with a mandate to launch and build
global brands in luxury to premium segments across fashion and lifestyle.
PFC lists 300-million euro green bonds on Luxembourg Stock Exchange
 State-owned PFC’s maiden green bonds of 300 million euros have been listed on Luxembourg
Stock Exchange (LSE).
 The listing has been done under the co-operation agreement signed between India INX and LSE, which
encompasses areas of mutual interest in Green bonds and ESG space.
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Power Finance Corporation (PFC), under the administrative control of the Ministry of Power, is the largest non-
banking financial corporation (NBFC) in the power sector in India
Welspun Enterprises bags Rs 4,636-cr order from civic body BMC
 Welspun Enterprises Ltd (WEL) has received its single-largest order of Rs 4,636 crore from civic
body Brihanmumbai Municipal Corporation (BMC) for the Dharavi Wastewater Treatment Facility.
 This takes the outstanding order book of the company to around Rs 12,500 crore, of which Rs 6,500
crore is in the water sector and the balance Rs 6,000 crore is from the road sector.
 Under this project, a joint venture led by the company will design, build, operate, and maintain the
Dharavi Wastewater Treatment Facility including Tertiary treatment facility under Mumbai Sewage
Disposal Project, Stage II (Priority Works).

Monthly BeePedia
June 2022
GST collections was Rs 1.41 trillion in May 2022
 The finance ministry released the provisional data on GST for May 2022. The collection of goods
and services tax (GST) was Rs 1.41 trillion (₹1,40,885 crore) in May.
 It was 16 per cent (Rs 26,655 crore) lower than the record collection of Rs 1.68 trillion in April.
 However, the latest figure is 44 per cent higher than Rs 97,821 crore a year ago. Also, the mop-up in
May is still the fourth-highest since the inception of GST in July 2017.
 Of the total mop-up in May:
o Central GST (CGST) stood at Rs 25,036 crore
o State GST (SGST) was Rs 32,001 crore
o Integrated GST (IGST) was Rs 73,345 crore crore (including ₹ 37469 crore collected on import
of goods)
o And cess is ₹10,502 crore (including ₹931 crore collected on import of goods.
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Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied on the supply of goods and services. It
is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect
taxes except a few state taxes.
CGST stands for Central Goods and Services Tax. It subsumes all the taxes that were earlier applicable as central
indirect taxes. They are levied by the central government for intrastate movement of goods and services. Intrastate
means within one state.
SGST stands for State Goods and Services Tax. CGST stands for Central Goods and Services Tax. IGST stands for
Integrated Goods and Services Tax. Meaning. SGST is one of the components of GST levied and collected by the
respective state government on intra-state supplies.
Integrated Goods and Services Tax (IGST) is levied on all Inter-State supplies of goods and/or services and will be
governed by the IGST Act. IGST will be applicable on any supply of goods and/or services in both cases of import into
India and export from India. It is equally shared by the Consuming State and the Centre.
UPI processed nearly 6 billion transactions worth Rs 10 trillion in May
 India’s flagship digital payment platform, Unified Payments Interface (UPI), has processed
transactions worth over Rs 10 trillion in May, a record high since the time it was launched in
2016.
 On a month-on-month basis, the volume of transactions was up 6.63 per cent and the value of
transactions was up 5.91 per cent, despite a high base.
 In April, UPI had processed 5.58 billion transactions amounting to Rs 9.83 trillion.
 In FY22, UPI processed more than 46 billion transactions amounting to over Rs 84.17 trillion, thus
breaching the $1 trillion mark. And, in FY21, it had processed 22.28 billion transactions, amounting to
Rs 41.03 trillion. So, both the volume and value of transactions doubled in a year’s time.
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Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and
works by instantly transferring funds between two bank accounts on a mobile platform.
CoinSwitch launches benchmark index for crypto market in Indian Rupee

Monthly BeePedia
June 2022
 Crypto company CoinSwitch launched India’s first benchmark index to measure the performance
of Indian Rupee-based crypto market.
 Crypto Rupee Index (CRE8) tracks eight crypto assets representing over 85 per cent of the total market
capitalisation of digital assets traded in the Indian Rupee.
 The index is based on real trades on the CoinSwitch app that has 18 million registered users.
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A cryptocurrency or coin is a digital currency designed to work as a medium of exchange through a computer
network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
CoinSwitch: Founded in 2017 as a single window to purchase crypto from global exchanges, CoinSwitch expanded
to INR-Crypto trading in June 2020. The firm said it is providing millions of Indians with a simple, safe, and secure
platform to participate in the Crypto revolution. CoinSwitch is valued at $1.9 billion.
Kotak Investment Advisors launches 'Kotak Cherry'
 A Kotak Investment Advisors is targeting to have 10 lakh users on a newly launched investment
products distribution platform.
 Kotak Investment Advisors' one-stop investment solution provider 'Kotak Cherry' aims to be an open
architecture platform, which will help investors in choosing from a wide array of offerings beyond the
ones manufactured by Kotak group companies.
 At present, it is offering mutual funds, direct stock investing, New Pension Scheme, real estate
investment trusts and Kotak Mahindra Bank's fixed deposits, while in the future it intends to add stock
baskets and international equity investing.
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Kotak Investment Advisors Ltd. Headquarters: Mumbai Founded: 2005
Exports up 15.46% in May; trade deficit widens to a record $23.3 billion
 According to the preliminary data released by the Commerce and Industry Ministry, India’s trade
deficit widened to a record $23.33 billion in May as imports grew at a faster pace compared to exports
amid high commodity prices owing to the Russia-Ukraine conflict.
 Imports surged 56.14 per cent to $60.62 billion in May on the back of a sharp jump in petroleum products
amid rising global crude oil prices. The share of petroleum products in India’s total imports was 30 per
cent in May, growing 91.6 per cent year-on-year to $18.1 billion. Gold imports witnessed a 759 per cent
jump to $5.8 billion; electronic goods rose 28.5 per cent to $5.44 billion; and coal imports grew by 2.6
times to $5.3 billion in May.
 India’s merchandise exports grew 15.46 per cent YoY to $37.29 billion in May. Export growth fell by 7.2
per cent compared to last month, after witnessing record outbound shipments of over $40 billion in
March and April.
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A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to
as a negative balance of trade (BOT).
SBI Research revises up India's FY23 economic growth forecast to 7.5%
 The State Bank of India (SBI) Research has projected the Indian economy to grow at 7.5 per cent
in 2022-23, an upward revision of 20 basis points from its earlier estimate.

Monthly BeePedia
June 2022
 As per official data, the economy grew by 8.7 per cent in FY22.
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About SBI Headquarters: Mumbai Chairperson: Dinesh Kumar Khara
ExpressVPN shuts down servers in India
 ExpressVPN, owned by British Virgin Islands-based Express Technologies, is removing its servers
in India.
 Under an order issued by the Ministry of Electronics and Information Technology (MeitY),
companies such as ExpressVPN would have been forced to collect and store all this data for five
years and share it with relevant government authorities when asked. ExpressVPN said that it will
never collect logs of user activity, browsing history, traffic destination, connection logs, timestamps, or
session duration.
 The new order is expected to come into effect on June 27.
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VPN stands for "virtual private network" — a service that helps you stay private online. A VPN establishes a secure,
encrypted connection between your computer and the internet, providing a private tunnel for your data and
communications while you use public networks.
India ranked fourth among 85 countries in the VPN penetration rate in the first half of 2021, according to Atlas
VPN’s Global VPN adoption index. VPN installation in India grew from 3.28% in 2020 to 25.27% in the first half of
2021. India is believed to have 270 million VPN users.
IIM-Ahmedabad brings out agriculture land price index - ISALPI
 In a unique initiative, IIM-Ahmedabad (IIM-A) has joined hands with an e-marketplace for agricultural
land, SFarms India, to develop a farm land price index based on the sales and purchases done
on the platform.
 The index has been designed to record and present the quality-controlled data on prices of agricultural
land in the country.
 The Misra Centre for Financial Markets and Economy at IIM-A, under which this index is being launched,
will host this on its official website and it will be called IIM-Ahmedabad SFarmsIndia Land Price Index
(ISALPI).
 The index will be a reliable source in benchmarking land prices in rural and semi-urban areas and help
in signalling converting agricultural land into real estate.
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SFarms India is an agricultural-land discovery platform, having more than 25,000 registered buyers and sellers. The
platform has over 7,000 land listings, which are growing at around 15 per cent a month, according to its website.
Tamil Nadu govt agency signs MoU with Hannoverimpuls
 Guidance, the Tamil Nadu government’s nodal agency for investment promotion and single window
facilitation, signed an MoU with Hannoverimpuls GmbH at the Hannover Messe 2022. This will
strengthen the state’s bilateral ties with Germany.
 This MoU will encourage cooperation and promote trade, investments and technological collaboration
in diversified industrial sectors between Hannover and Tamil Nadu. Hannoverimpuls is the economic
development agency for the City and Region of Hannover in Germany.

Monthly BeePedia
June 2022
ICICI Bank introduces a slew of latest digital services on its Money2World platform
 ICICI Bank introduced the launch of an array of latest services on its on-line outward remittances
platform, ‘Money2World’ (M2W), to offer improved comfort to customers, together with those that would
not have accounts with the financial institution.
 One of the brand new companies empowers clients of different banks to finish the KYC (Know Your
Customer) course of through video conferencing to register themselves on M2W, an industry-first
initiative.
 Another new facility permits clients, having account with some other financial institution, to remit upto
USD 250,000 in a monetary 12 months beneath the Liberalised Remittance Scheme (LRS), 10
instances of their earlier restrict.
 Users of ‘Money2World’ can remit funds to 21 currencies for a number of functions together with training,
upkeep of shut kinfolk, reward and journey.
 Further, ICICI Bank has built-in its cellular banking app ‘iMobile Pay’ with the M2W platform. This
integration permits its clients to ship cash abroad, select and set their desired trade fee, and enter a
one-time instruction to schedule recurring funds by means of ‘iMobile Pay’.
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About ICICI bank Headquarters: Mumbai CEO: Sandeep Bakhshi
KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and
address of the customers. This process helps to ensure that banks' services are not misused. The KYC procedure is
to be completed by the banks while opening accounts and also periodically update the same.
New Guidelines for Central Sector Scheme “Promotion of MSMEs in North Eastern Region and
Sikkim”
 The Central Government has approved New Guidelines of Central Sector Scheme “Promotion of
MSMEs in North Eastern Region and Sikkim”.
 The scheme will be implemented during 15th Finance Commission Cycle (2021-22 to 2025-26).
 The Scheme is envisaged to provide financial support for enhancing the productivity and
competitiveness as well as capacity building of Micro, Small and Medium Enterprises (MSMEs) in the
NER and Sikkim.
 The scheme has following components;
o Setting up of new and modernization of existing Mini Technology Centres:
o Development of new and existing Industrial Estates
o Development of Tourism Sector
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Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and
processing of goods and commodities. The concept of MSME was first introduced by the government of India through
the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Micro Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore
Small Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore
Medium Investment less than Rs. 20 crore or Turnover up to Rs. 100 crore
Coal Import Declines to 209 Million Ton in 2021-22

Monthly BeePedia
June 2022
 Coal imports, which had reached a peak of 248 Million Ton (MT) in 2019-20, declined continuously
during the next two years to 215 MT in 2020-21 and further to 209 MT in 2021-22.
 Despite steep rise in actual demand of coal from 956 MT in 2019-20 to 1027 MT in 2021-22, coal
imports have not increased.
 All India coal production has increased from 716 MT in 2020-21 to 777 MT in 2021-22 resulting in an
increase of 61 MT. Therefore, despite a steep rise in actual demand for coal from 906 MT in 2020-21
to 1027 MT in 2021-22, coal imports could be contained due to increased domestic dispatch from 691
MT in 2020-21 to 818 MT in 2021-22.
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Ministry of Coal: The Ministry of Coal is an Indian government ministry headquartered in New Delhi.
Officeholder: Pralhad Joshi (Minister)
Govt ratifies 8.1% EPF interest rate for 2021-22
 The government has approved 8.1 per cent rate of interest on employees' provident fund (EPF)
deposits for 2021-22, for subscribers of EPFO.
 The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent.
 In the financial year 2020-21, EPFO has decided to give 8.50 percent interest.
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EPFO is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952
and is under the administrative control of the Ministry of Labour and Employment
EPFO Headquarters: New Delhi Central PF Commissioner: Neelam Rao
IRDAI eases capital requirement for insurers to offer PMJJBY schemes
 The Insurance Regulatory and Development Authority of India (IRDAI) has reduced the capital
required by insurance companies offering policies under Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY) by almost 50 per cent.
 This is to enable insurers to offer more policies under the scheme, and provide financial security to the
bottom-of-the-pyramid segment in India.
 The easing of capital requirements by Irdai will accelerate the penetration of life insurance in India. It
will support the life insurers in achieving their target set by the government.
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Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India. It provides life
insurance cover worth Rs 2 lakh to all account holders aged 18-50 years. According to government data, the number
of active subscribers enrolled under PMJJBY as of March 31, 2022, is 64 million.
Trade deficit widens to record $23.3 billion in May
 As per preliminary data from the Commerce and Industry Ministry, India’s merchandise trade deficit
widened to a monthly record of $23.33 billion in May 2022.
 Exports grew 15.5% to $37.3 billion while imports jumped 56.1% to $60.62 billion.
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The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the
Department for Promotion of Industry & Internal Trade.

Monthly BeePedia
June 2022
Officeholders: Piyush Goyal (Minister), Anupriya Patel (Minister of State), C.R.Chaudhary (Minister of State)
Services PMI at 11-year high
 India’s services sector recorded the best expansion in activity this May in over 11 years, as per the
S&P Global Services Purchasing Managers’ Index (PMI).
 The sector has remained on an expansion mode for the tenth straight month.
 The growth was supported by a substantial pick-up in new business, even as input-cost inflation climbed
to a record high.
 The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 58.9 in
May, up from 57.9 in April.
 In Purchasing Managers’ Index (PMI) parlance, a reading above 50 indicates expansion while one
below 50 denotes contraction.
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A purchasing managers index (PMI) is an economic indicator comprised of monthly reports and surveys from
private sector manufacturing firms. The index surveys product managers, who are the individuals that buy the
materials needed for a company to manufacture its products.
Pure Storage inaugurates R&D facility in Bengaluru
 NYSE-listed data centre and technology services provider Pure Storage inaugurated its new research
and development centre in Bengaluru.
 The acceleration of digital transformation around the world is fuelling the growth of data, specifically
unstructured data such as video, picture and audio files. That is creating demand for professionals who
are experts in solutions that store, manage, protect and analyse such data.
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Pure Storage is an American publicly traded technology company headquartered in United States. It develops all-
flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products
in stealth mode until 2011.
CEO: Charles H. Giancarlo
POSOCO signs MoU with IMD for better electricity grid management
 National grid operator POSOCO signed a memorandum of understanding with India Meteorological
Department (IMD) where both the parties agreed that weather information provided by IMD will be
used by the Power System Operators across the India for better management of Indian Power
System and for the purpose of analysis.
 IMD will make available current weather information every hour or at lesser intervals. It will provide
weather forecasts of temperature, humidity, wind speed, wind direction, rainfall up to next 36 hours for
the identified stations. It will also provide the snowfall forecast of hilly States and also along the route of
important transmission lines passing through hilly terrains. It will provide weather parameters forecast
at Renewable Energy plant locations.
 Power System Operation Corporation is a wholly owned Government of India Schedule A enterprise
under the Union Ministry of Power. It is responsible to ensure the integrated operation of the National
Electricity Grid in a secure manner. It consists of five Regional Load Despatch Centres (RLDCs) and
the National Load Despatch Centre (NLDC) under The Electricity Act, 2003.

Monthly BeePedia
June 2022
Learn Along
Power System Operation Corporation Limited is a CPSE under the jurisdiction of Ministry of Power, Government
of India. It is responsible to monitor and ensure round the clock integrated operation of Indian Power System in a
reliable, efficient and secure manner thus serving a mission critical activity.
Headquarters: New Delhi, India
Coal Ministry Expects Operationalization of 58 Coal Blocks During 2022-23
 The Coal Ministry expects operationalisation of 58 coal blocks in 2022-23 and has set target of
138.28 million ton coal production.
 The Ministry of Coal has allocated coal blocks for captive end use and sale of coal/ commercial mining.
85.32 million tonnes of coal has been produced in FY 2021-22 from 47 operational coal blocks.
 As against the scheduled production of 203.67 million tonnes for FY 2022-23, it is expected that a total
58 coal blocks would become operational with an expected production of around 138.28 million tonnes.
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The Ministry of Coal is an Indian government ministry headquartered in New Delhi. The portfolio is held by Cabinet
Minister Pralhad Joshi.
India has achieved the target of 10% ethanol blending
 Government of India, with the aim to enhance India’s energy security, reduce import dependency on
fuel, save foreign exchange, address environmental issues and give a boost to domestic agriculture
sector, has been promoting the Ethanol Blended Petrol (EBP) Programme.
 The ‘National Policy on Biofuels’ notified by the Government in 2018 envisaged an indicative target
of 20% ethanol blending in petrol by year 2030. However, later the target of 20% ethanol blending
was advanced from 2030 to 2025-26.
 The blending of 10% ethanol was to be achieved by November, 2022. Now, India has achieved the
target of blending 10 per cent ethanol in petrol five months ahead of schedule.
 Prime Minister Narendra Modi announced this on World Environment Day at Save Soil Movement, an
event organised by Sadhguru Jaggi Vasudev’s Isha Foundation.
 The 10 per cent ethanol blending target has resulted in three major advantages:
o First, it has resulted in the reduction of 27 lakh tonnes of carbon emissions,
o second, India has managed to save over Rs 41,000 crore over an eight-year period,
o and lastly, the farmers of the country have earned more than Rs 40,000 crore during this period.
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Ethanol can be mixed with gasoline to form different blends. As the ethanol molecule contains oxygen, it allows the
engine to more completely combust the fuel, resulting in fewer emissions and thereby reducing the occurrence of
environmental pollution. The benefits of ethanol blending is increased energy security, lowered carbon emissions,
better air quality, self-reliance, better use of damaged foodgrains, increased farmers' incomes and greater investment
opportunities.
Bank credit to micro, small enterprises jumps nearly 20% in April from year-ago
 Bank credit to micro and small enterprises (MSEs) continued to improve in April 2022.

Monthly BeePedia
June 2022
 Gross bank credit deployed to MSEs during the month jumped 19.7 per cent to Rs 14.08 lakh crore
from Rs 11.77 lakh crore in April 2021, latest data from the Reserve Bank of India (RBI) on sectoral
deployment of bank credit showed.
 The year-on-year (YoY) growth during March stood at 10.6 per cent vis-a-vis 8.4 per cent in February
and 4.8 per cent in January, indicating gradual recovery among MSEs post pandemic.
 Bank credit to MSEs included enterprises in manufacturing and services sector and also priority sector
lending (PSL) certificates.
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Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and
processing of goods and commodities. The concept of MSME was first introduced by the government of India through
the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Micro Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore
Small Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore
Medium Investment less than Rs. 20 crore or Turnover up to Rs. 100 crore
Daiki Axis Japan setting up second unit in India at Rs 200-cr investment
 Water treatment solutions provider Daiki Axis Japan is setting up its second plant in India at Palwal,
Haryana with an investment of Rs 200 crore. The facility will be operational by September 2023.
 The plant have a capacity to produce 1,000 sewage treatment units with Japanese "Johkasou"
technology.
 Daiki Axis India is a subsidiary of Japan-based Daiki Axis Japan.
 A unit is already functional in Vapi, Gujarat.
Learn Along
Daiki-Axis follows Japanese tradition of producing high quality products based on principals of modern technologies
and management systems. It is a bottled water manufacturing company.
Headquarters: Japan
Great Eastern Energy to invest $2 billion in shale gas exploration

 Great Eastern Energy Corporation Ltd, a pioneer in the field of coal bed methane in India, plans to
invest about USD 2 billion (Rs 15,000 crore) in exploration of shale gas at its Raniganj South block in
West Bengal.
 CBM (Coal Bed Methane) is gas trapped below coal seams.
 GEECL signed the first CBM contract in India for the Raniganj South block on May 2001.
Learn Along
Great Eastern Energy Corporation Limited is a Coalbed methane production company, which is located in Asansol
district of West Bengal. With two CBM blocks, one in Raniganj at West Bengal and the other one in Mannargudi at
Tamil Nadu, it has played an important role in providing methane gas.
Headquarters: Asansol
Finance Ministry releases revenue deficit grant of Rs 7,183 cr to 14 states
 The finance ministry released the third monthly instalment of revenue deficit grant of Rs 7,183
crore to 14 states.
 The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit
Grant of Rs 86,201 crore to 14 states for the financial year 2022-23. This is to be released in 12
equated monthly instalments.

Monthly BeePedia
June 2022
 The states receiving this grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur,
Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West
Bengal.
 With the release of the third instalment for the month of June 2022, the total amount of revenue deficit
grants released to the states in 2022-23 stands at Rs 21,550.25 crore.
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The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving
as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital
markets, centre and state finances, and the Union Budget.
Officeholders: Nirmala Sitharaman (Minister), P. Radhakrishnan (Minister of State), Shiv Pratap Shukla (Minister
of State)
A revenue deficit occurs when realized net income is less than the projected net income. This happens when the
actual amount of revenue and/or the actual amount of expenditures do not correspond with budgeted revenue and
expenditures.
Maruti Suzuki sets up a 20 MWp solar power plant at Manesar facility
 Maruti Suzuki India (MSI) has set up a 20 MWp solar power plant at its Manesar-based
manufacturing facility.
 The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the
production of over 67,000 cars annually.
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Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer, based
in New Delhi. It was founded in 1981 and owned by the Government of India until 2003, when it was sold to the
Japanese automaker Suzuki Motor Corporation.
CEO: Kenichi Ayukawa Headquarters: New Delhi
Max Estates to acquire Accord Hotel & Resorts
 Max Ventures & Industries Ltd (MaxVIL) arm Max Estates Ltd will acquire 100 per cent of equity in
Accord Hotels and Resorts Pvt Ltd, for Rs 306 crore.
 Post the acquisition, Accord Hotels and Resorts will become a 100 per cent subsidiary of Max Estates.
 This acquisition will enable Max Estates to develop a mixed-use residential project, which will have an
estimated saleable area of around 1 million square feet.
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Parent organization: Max Ventures and Industries Founded: 2016
Defence Acquisition Council clears projects worth Rs 76,390 crore for armed forces
 The Defence Acquisition Council (DAC), the defence ministry’s apex procurement body chaired by
Defence Minister Rajnath Singh, gave armed forces capital acquisition proposals for the military
amounting to Rs 76,390 crore.
 The ministry has announced that the clearance is under the high-priority categories of ‘Buy (Indian)’,
‘Buy & Make (Indian)’ and ‘Buy (Indian - Indian Designed, Developed, and Manu-factured),’ or ‘Buy
Indian (IDDM)”.

Monthly BeePedia
June 2022
 The ministry has only accorded “Acceptance of Necessity” (AoN) for the purchases, which is just the
first stage of a long-winded acquisition process. It can take anything from five-to-fifteen years for an
AoN to translate into a contract and for the actual delivery of military equipment and platforms.
 For the Indian Navy, the DAC accorded AoNs for procurement of seven next-generation corvettes
(NGC), at an estimated cost of approximately Rs 36,000 crore.
 For the Army, the DAC accorded fresh AoNs for procurement of rough terrain forklift trucks, bridge
laying tanks, wheeled armoured fighting vehicles with anti-tank-guided missiles and weapon
locating radars through domestic sources with emphasis on indigenous design and development.
 For the Indian Air Force, the DAC accorded AoNs for manufacture by Hindustan Aeronautics
(HAL) of Dornier-228 reconnaissance aircraft, and Sukhoi-30 MKI aero-engines.
Learn Along
Ministry of Defence is charged with coordinating and supervising all agencies and functions of the government
relating directly to national security and the Indian Armed Forces. The President of India is the ceremonial
commander-in-chief of the armed forces of the country.
Officeholder: Rajnath Singh (Minister)
Defence Acquisition Council: The DAC is the apex decision making body of the Ministry of Defence and is chaired
by the Defence Minister.
Jaipur-based Batt:RE inaugurates new e-scooter Stor:ie
 Jaipur-based electric two-wheeler maker Batt:RE unveiled its new e-scooter model Stor:ie priced at
Rs 89,600.
 Stor:ie has a host of new features such as metal panels, connected drive, among others, it said, adding
that the e-scooter is eligible for the central government's FAME II subsidy.
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BattRE Electric Mobility Pvt. Ltd. Headquarters: Jaipur Founded: 2017
Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years
commencing from 1st April 2019. Rs. 1,000 crore has been earmarked for setting up charging stations for electric
vehicles in India
FAME (Phase II) Ministry: Ministry of Heavy Industries Launch Year: 2019
Asset monetisation: NHAI sets 1,750-km target for 2022-23
 The National Highways Authority of India (NHAI) has decided to monetise highway stretches with
combined length of 1,750 km in 2022-23.
 This will help in raising around Rs 20,000 crore.
 Asset monetisation is central to NHAI’s plan to mitigate its debt burden. Monestisation of operational
assets will be through the toll-operate-transfer (TOT), infrastructure investment trusts (InvIT) and toll
securitisation modes.
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The National Highways Authority of India or NHAI is an autonomous agency of the Government of India, set up
in 1995 and is responsible for management of a network of over 50,000 km of National Highways out of 1,32,499 km
in India. It is a nodal agency of the Ministry of Road Transport and Highways.

Monthly BeePedia
June 2022
Founded: 1988 Headquarters: New Delhi Agency executive: Alka Upadhyaya (Chairperson)
Toll-operate-transfer (TOT) is an asset recycle programme wherein, already operational National Highways are
given to private entities on long-term contracts. Total contract period of a TOT is 20 years in which a concessionaire
would be required to maintain and operate the stretch.
An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts
of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as
return.
Govt saved Rs 10,000 crore in interest costs in FY22
 Union Finance Secretary T V Somanathan said the Centre had saved Rs 10,000 crore in FY22 on
interest payments after adopting new accounting mechanisms for central government agencies
and centrally sponsored schemes (CSS) for state governments.
 Due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March
31, 2022.
 This means this amount will be reduced from the Centre’s borrowing for now and it can be considered
a short-term saving for the exchequer.
 The new accounting mechanisms in the Public Finance Management System are:
o Treasury Single Account (TSA) for central government agencies and autonomous bodies
o Single Nodal Agency (SNA) for distributing CSS funds to states
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The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving
as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital
markets, centre and state finances, and the Union Budget.
Officeholders: Nirmala Sitharaman (Minister), P. Radhakrishnan (Minister of State), Shiv Pratap Shukla (Minister
of State)
A Treasury Single Account (TSA) is a unified structure of government bank accounts that aims to consolidate and
optimize the use of Government cash resources.
A Single Nodal Agency is a system which tracks transfer of funds to states for centrally sponsored schemes and
utilisation of funds by central agencies.
Centrally Sponsored Schemes (CSSs) are special purpose grants (or loans) extended by the Central Government
to States to encourage and motivate State governments to plan and implement programmes that help attain national
goals and objectives. Green Revolution, White Revolution, Blue Revolution, Pradhan Mantri Gram Sadak Yojana,
Pradhan Mantri Krishi Sinchai Yojana, Pradhan Manti Awas Yojana, Swachh Bharat Mission, Mid-day meals in
schools and National Livelihood Mission are some core schemes.
India's gold imports jump 677% in May to 101 tonnes
 India’s gold imports in May jumped 677 per cent from a year ago to the highest level in a year.
 India imported 101 tonnes of gold in May, compared to 13 tonnes a year earlier.
 Higher imports by India could support benchmark prices, but the surge could increase India's trade
deficit and put pressure on rupee.
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Monthly BeePedia
June 2022
Edtech startup PhysicsWallah became India's 101st unicorn
 Edtech platform PhysicsWallah (popularly known as PW) has become India’s 101st unicorn by
raising $100 million in Series A funding from WestBridge Capital and GSV Ventures.
 The company was valued at $1.1 billion after closing the transaction.
 PW will use the funds for business expansion, branding, opening more learning centres, and introducing
extra courses.
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Unicorn: In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was
first popularised in 2013 by venture capitalist Aileen Lee.
o Mobile advertising platform InMobi was the first unicorn of the country announced in 2011.
o Neobank Open was the 100th unicorn in the country announced in 2022.
About PhysicsWallah: Founded in 2020 by Alakh Pandey and Prateek Maheshwari, PW focuses on competitive
exam preparation. Physics Wallah App/Website provides lectures on the necessary subjects for, NEET, JEE Mains,
and Advanced level. It started off as a YouTube channel in 2016, with the two co-founders developing the application
and website in 2020.
Reliance Jio expands 4G services in Ladakh region near Pangong lake
 Reliance Jio has expanded the reach of its 4G services in Ladakh region to Spangmik village
which is close to Pangong lake.
 The area has been a friction point between India and China in recent years.
 The telecom operator became the first network to provide 4G mobile connectivity in and around the
Pangong area.
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Pangong Lake, situated at an elevation of 4,225 m, is the world's highest saltwater lake. It is 134 km long and
divided into five sublakes, called Pangong Tso, Tso Nyak, Rum Tso and Nyak Tso. Approximately 50% of the length
of the overall lake lies within Tibet in China, 40% in Ladakh, India and the remaining 10% is disputed and is a de-
facto buffer zone between India and China.
About Reliance Jio Headquarters: Mumbai Founder: Mukesh Ambani
World Bank cuts India's FY23 GDP forecast to 7.5%
 The World Bank in its latest Global Economic Prospects report, cut its 2022-23 (FY23) real gross
domestic product (GDP) growth forecast for India to 7.5 per cent, from 8 per cent.
 The cut was on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions
due to Russia’s invasion of Ukraine.
 Growth is expected to slow further to 7.1 per cent in 2023-24.
 World Bank also lowered its global growth forecast for calendar year 2022 to 2.9 per cent from 4.1
per cent.
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World Bank Headquarters: Washington, D.C., US President: David. Malpass

Monthly BeePedia
June 2022
Gross domestic product (GDP) is the standard measure of the value added created through the production of
goods and services in a country during a certain period. As such, it also measures the income earned from that
production, or the total amount spent on final goods and services (less imports).
Banks to take Rs 37,200-cr hit by liquidating 10 power projects: BofA
 Indian lenders are in the process of liquidating ten power projects, with a capacity of 10.5 gigawatts,
across the country after these projects failed to find any takers under the insolvency process.
 With this, banks will take a hit of Rs 37,200 crore on their exposure to these projects, as per an
estimate by BofA Securities.
 In fiscal 2018, the Indian government had identified 34 stressed coal projects with a capacity of 40 Gw
and bank exposure of Rs 1.7 trillion for resolution under the bankruptcy code. Of this, till now only 12
projects with debt Rs 59,200 crore are resolved by providing coal linkages and signing power purchase
agreements with customers till March this year.
 Another five projects with a debt of Rs 35,100 crore were resolved through asset sale with banks making
a recovery of 44 per cent on their dues.
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BofA Securities, Inc., previously Bank of America Merrill Lynch, is an American multinational investment banking
division under the auspices of Bank of America.
Parent organization: Bank of America Headquarters: New York, US Founded: 1 January 2009
India's economy to grow at 6.9% in FY23: OECD
 The Organization for Economic Cooperation and Development (OECD) its June Global
Macroeconomic Report pegged India’s FY23 economic growth at 6.9 per cent and 6.2 per cent in
FY24.
 India’s economy grew by 8.7 per cent in FY22, making it the fastest-growing major economy in the
world. The output was helped primarily by agriculture sector and government final consumption
expenditure.
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OECD Headquarters: Paris (France) Secretary-General: Mathias Cormann
Defence Ministry's tech development fund cap raised five-fold to Rs 50 cr
 The limit of funding of innovative defence projects under the Technology Development Fund
(TDF) has been raised to Rs 50 crore per project, from the present limit of Rs 10 crore.
 The TDF scheme, executed by the Defence Research and Development Organisation (DRDO),
supports indigenous development of components, products, systems and technologies by micro, small
and medium enterprises (MSMEs), and start-ups.
 To facilitate increased funding for innovative TDF products, the Union Budget for 2022-23 has reserved
25 per cent of the defence R&D budget for private industry, start-ups and academia.
 The scheme aims to provide a major fillip to the defence manufacturing sector by encouraging the
industry to innovate and develop defence technologies in order to place India on the self-reliance
trajectory. The scheme facilitates up to 90 per cent of the total project cost and allows industry to work
in consortium with another industry/academia.
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Monthly BeePedia
June 2022
The Ministry of Defence is charged with coordinating and supervising all agencies and functions of the government
relating directly to national security and the Indian Armed Forces. The President of India is the ceremonial
commander-in-chief of the armed forces of the country.
Officeholder: Rajnath Singh (Minister)
DRDO Headquarters: New Delhi Agency Executive: Dr G. Satheesh

Reddy
India's FDI rank rises to 7th position: UNCTAD
 According to the World Investment Report released by United Nations Conference on Trade and
Development (UNCTAD), India jumped one position to 7th among the top recipients of foreign
direct investment (FDI) in the last calendar year (2021).
 UNCTAD said FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding
year. The largest number of projects (23) was in renewables. Large projects include the construction in
India of a steel and cement plant for $13.5 billion by ArcelorMittal--Nippon Steel (Japan) and the
construction of a new car manufacturing facility by Suzuki Motor (Japan) for $2.4 billion.
 While the United States ($367 billion) remained the top recipient of FDI, China ($181 billion) and
Hong Kong ($141 billion) also retained second and third position respectively.
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A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business
interests located in another country. Generally, FDI takes place when an investor establishes foreign business
operations or acquires foreign business assets in a foreign company.
UNCTAD Headquarters: Geneva, Switzerland Secretary-General: Rebeca Grynspan
Green investment jumped 125% to $14.5 billion in FY22: IEEFA report
 According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA),
Investment in the renewable energy sector in India surged more than 125 per cent year-on-year
to touch a record $14.5 billion in the financial year 2021-22 (FY22).
 India added 15.5 gigawatts (Gw) of renewable energy capacity in FY22, which brought the total installed
renewable capacity (excluding large hydro projects) to 110 Gw as of March 2022.
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About IEEFA Headquarters: US
CIL issues import tender for 2.4MT of coal
 For the first time ever, Coal India (CIL) has issued a tender for purchasing imported coal for power
generating companies (gencos).
 CIL has called for bids to supply 2.4 million tonnes (mt) of coal to be delivered for the July to September
2022 period. The estimated value of the contract is Rs 3,100 crore.
 The imported coal would be supplied to state government-owned gencos and independent power
producers (IPPs), 1.2 mt each. The IPPs include Sembcorp Energy, JP Power, Avantha Power, Lanco,
Rattan India, GMR, CESC, Vedanta Power, Jindal India Thermal, among others. The states that will
receive imported coal for their generating stations are Punjab, Gujarat, West Bengal, Tamil Nadu,
Jharkhand, and Madhya Pradesh.
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Monthly BeePedia
June 2022
Coal India Ltd. Headquarters: Kolkata CEO: Pramod Agarwal
Beauty start-up Purplle gets unicorn status
 Online beauty retailer Purplle.com became a unicorn after raising $33 million in a funding round led
by South Korean investor Paramark Ventures.
 The fresh round of investment was at a valuation of $1.1 billion. The latest round took the total funding
for Purplle to over $215 million.
 It makes Purplle the 102nd Indian start-up to join the unicorn club.
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o Physicswallah was the 101st unicorn in the country.
About Purplle
Founded: 2011 Headquarters: Mumbai Founders: Manish Taneja, Rahul Dash
Fitch upgraded Indian economic outlook from negative to stable
 Global ratings agency Fitch upgraded India’s long-term sovereign debt outlook to stable from
negative.
 Fitch, however, reduced India’s gross domestic product (GDP) growth forecast for the current
fiscal (FY23) to 7.8 per cent from 8.5 per cent.
 With this move, the big three ratings agencies — Fitch, Moody’s and S&P — all have a stable outlook
on India.
 The agency forecast an average growth rate of 7 per cent between FY24 and FY27.
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About Fitch Headquarters: New York, US CEO: Paul Taylor
Gross domestic product or GDP is a monetary measure of the market value of all the final goods and services
produced in a specific time period.
Abu Dhabi Investment Authority buys 20 pc stake in IIFL Home Finance for Rs 2,200 crore
 The Abu Dhabi Investment Authority (ADIA) has picked up a 20 per cent stake in IIFL Home
Finance for Rs 2,200 crore.
 The Abu Dhabi sovereign wealth fund will make the investment through a wholly-owned subsidiary.
 IIFL Home Finance will use the capital to continue its granular expansion strategy into new markets to
address the significant and growing demand for housing loans.
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About IIFL Finance Headquarters: Gurgaon CEO: Nirmal Jain
About Abu Dhabi Investment Authority Headquarters: Abu Dhabi CEO: Hamed bin Zayed Al Nahyan

Monthly BeePedia
June 2022
India's factory output jumps to eight-month high in April
 According to data released by the National Statistical Office, India’s factory output growth
accelerated to an eight-month high at 7.1 per cent in April on the back of a lower base. However,
sequentially, the index of industrial production (IIP) contracted 9.2 per cent during the month.
 Electricity output increased in double digits (11.8 per cent) in April, while mining and manufacturing rose
at 7.8 per cent and 6.3 per cent, respectively.
 According to use-based classification, all sectors, except consumer non-durables, grew at a robust
pace. Capital goods representing investment demand in the economy grew 14.7 per cent while
consumer non-durables registered only 0.3 per cent growth during the month, signaling weak rural
demand. Consumer durables (8.5 per cent) registered positive growth after six-months of consecutive
contraction.
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About National Statistics Office: The primary function of the National Statistics Office is to collect, compile and release
official statistics that are produced subject to the principles of reliability, objectivity, relevance, statistical
confidentiality, transparency, specificity and proportionality.
About Headquarters: New Delhi
India among 12 economies on currency Monitoring List of US treasury
 India remained on the US treasury department's currency Monitoring List of major trading
partners.
 US placed India along with 11 other major economies that merit close attention to their currency
practices and macroeconomic policies.
 The countries are China, Japan, South Korea, Germany, Italy, India, Malaysia, Singapore,
Thailand, Taiwan, Vietnam and Mexico.
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US Treasury has established a monitoring list of major trading partners that merit close attention to their currency
practices and macroeconomic policies. An economy meeting two of the three criteria in the 2015 Act is placed on the
Monitoring List.
India extends Sri Lanka $55 mn credit line for fertiliser imports
 India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement
of urea.
 An LOC agreement was signed between Government of Sri Lanka (GOSL) and the Export-Import
Bank of India at Colombo.
 This LOC will help the GOSL secure urea fertiliser for the ongoing paddy sowing Yala season.
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A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money
out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line
of credit.
Exim Bank is a specialized financial institution wholly owned by the Government of India with presence in Indian and
foreign cities around the world. It was set up in 1982, for the purpose of financing, facilitating and promoting India’s
international trade

Monthly BeePedia
June 2022
Exim Bank Headquarters: Mumbai MD: HARSHA BANGARI
Tencent buys stake worth $264 mn in Flipkart
 Chinese tech giant Tencent had bought a stake worth $264 million (about Rs 2,060 crore) in
Walmart-owned e-commerce firm Flipkart from its co-founder, Binny Bansal, through its European
subsidiary.
 Flipkart is registered in Singapore and has operations in India only.
 Binny Bansal now holds about 1.84 per cent in Flipkart after selling part of his stake to Tencent Cloud
Europe BV.
 After this transaction, the Tencent arm holds 0.72 per stake in Flipkart, valued at around $264 million.
Learn Along
Tencent Headquarters: Shenzhen, China President: Martin Lau
Flipkart Headquarters: Bengaluru CEO: Kalyan Krishnamurthy
M&M to set up first tractor plant in decade in Mohali
 Mahindra & Mahindra (M&M) is setting up a greenfield tractor plant in Mohali near Punjab.
 Fueled by a strong domestic demand, the expansion is the first in a decade by the world’s largest tractor
maker.
 In the first phase, it will have a capacity to make 30,000 tractors per annum. Mahindra’s current tractor
plants in Maharashtra, Gujarat, Haryana, and Telangana are running at 90 per cent capacity utilisation
rate.
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Mahindra & Mahindra Headquarters: Mumbai CEO: Anish Shah
About Greenfield and brownfield:

A greenfield project entails development on a completely vacant site. Architects start completely from scratch and A
brownfield project is one that carries constraints related to the current state of the site.
India's first display fab to be established in Telangana
 Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country's first Display FAB
facility in Telangana to manufacture the most advanced AMOLED displays, with an investment of Rs
24,000 crore, making it one of the largest investments in high-tech manufacturing sector in India.
 The Telangana government signed an MoU with Karnataka-based Elest for the proposed fabrication
unit which will manufacture next generation displays for smartphones, tablet computers, and laptops.
 Elest, incorporated by the promoters of Rajesh Exports, a global Fortune 500 company, would be setting
up the Display FAB in technological association and with technology inputs from some of the most
advanced and finest research centres across the world.
 With the announcement of this investment, Telangana emerges as a front-runner in the semiconductor
and display fab sector.
 The display fab would be set up under the India Semiconductor Mission programme of the
Ministry of Electronics and Information Technology, Government of India.
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Monthly BeePedia
June 2022
The India Semiconductor Mission programme was launched in 2021 with a total financial outlay of Rs76,000 crore
under the aegis of the Ministry of Electronics and IT (MeitY). It is part of the comprehensive program for the
development of sustainable semiconductor and display ecosystem in the country.
Ministry of Electronics and Information Technology

Officeholders: Rajeev Chandrasekhar (Minister of State), Ashwini Vaishnaw (Minister)
Axis Energy commissions 445-MW solar power plant in Rajasthan
 Axis Energy Ventures India has commissioned a 445 MW solar plant in partnership with
Brookfield Renewables in Rajasthan.
 Axis Energy Ventures India Private Limited said the project is part of the joint venture platform 'ABC
Renewables' -- signed with Brookfield Renewables -- to set up a 5 gigawatt (GW) large utility renewable
energy portfolio in India.
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Hyderabad-based Axis Energy is a decade-old developer of wind and solar projects.
Brookfield Renewable Partners Headquarters: Bermuda CEO: Rengarajan S
Navi Mumbai International Airport: CIDCO achieves milestone as it clears airport site
 The City and Industrial Development Corporation (CIDCO) has achieved an important milestone by
clearing all 3070 structures from the site of the proposed Navi Mumbai International Airport (NMIA)
in Panvel in Navi Mumbai.
 Now, the entire site of 1160 hectares of land has been handed over to the concessionaire for the
development of the airport.
 CIDCO is developing the NMIA project on an area of 1160 hectares by acquiring 10 villages in Panvel
Taluka of Raigad district.
 For the rehabilitation of those affected by the airport project, CIDCO is developing Pushpak Nagar, a
complete rehabilitation and resettlement area with all the physical, social and cultural infrastructure near
the airport area.
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The City and Industrial Development Corporation of Maharashtra is an Indian city planning agency and richest
government authority in India which is formed and controlled by the Government of Maharashtra.
Chairman; Lokesh Chandra Headquarters: Cidco Bhavan, CBD Belapur, Navi Mumbai, Maharashtra
Gold ETFs record net inflow of Rs 203 cr in May
 According to AMFI’s monthly data for May 2022, Equity mutual funds witnessed a net inflow of Rs
18,529.43 crore in May compared to the net inflow of Rs 15890.38 crore during the month of April 2022.
 Gold ETFs, however, witnessed a decrease in the net inflow in May 2022 as it stood at Rs 203 crore
compared to Rs 1100 crore in April.
 According to industry experts, gold ETFs have witnessed a surge in assets owing to their positive
performance over the past few years.
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Monthly BeePedia
June 2022
The Association of Mutual Funds in India is the regulatory body for mutual funds sector in India. It is a division of
the Securities and Exchange Board of India, Ministry of Finance, Government of India. It was formed in 1995. Most
mutual funds firms in India are its members.
Members: 44 Headquarters: Mumbai CEO: N.S.Venkatesh
An exchange traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that
often tracks an underlying index. ETFs are listed on exchanges and ETF shares trade throughout the day just like
ordinary stock. The first ETF was launched in India in December 2001 and was linked to Nifty 50.
National Museum of Customs and GST inaugurated in Goa
 Union Minister for Finance and Corporate Affairs Nirmala Sitharaman dedicated to the nation,
“Dharohar” - the National Museum of Customs and GST in Goa as part of the Azadi Ka Amrit
Mahotsav Iconic week of the Ministry of Finance, being celebrated from June 6-12.
 The two storey ‘Blue building’, which was earlier known as Alfandega, during the period of Portuguese
rule in Goa, has been standing on the banks of the Mandovi River in Panaji for more than 400 years.
 Dharohar is one of its kind museums in the country that showcases not only the artefacts seized by
Indian Customs but also depicts various aspects of work performed by the Customs Department while
safeguarding the economic frontiers of the country, its heritage, flora & fauna and the society.
 ‘Dharohar’ is an important addition to the Tourism Map of India and a must see attraction in Goa.
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Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied on the supply of goods and services. It
is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect
taxes except a few state taxes.
Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill
 Tata Steel has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east
England.
 It will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business.
 The investment will go into a new slitter which will allow the Hartlepool site to process coils of steel
delivered from Tata's Port Talbot steelmaking site in South Wales. All of the steel products made at the
site, where almost 300 people work producing up to 200,000 tonnes of steel tubes a year, are 100 per
cent recyclable and the investment is forecast to pay for itself in less than three years.
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Tata Steel Headquarters: Mumbai CEO & MD: T. V. Narendran
CBDT issues fresh guidance on cross-border disputes for taxpayers
 The Central Board of Direct Taxes (CBDT) has come out with a fresh guidance note on MAP that also
specifies cases or situations in which India will provide access to MAP.
 MAP is an alternative dispute resolution mechanism under the tax treaties where competent authorities
of two countries enter into discussions to resolve tax-related disputes. Tax disputes relating to transfer-
pricing adjustments, determination of existence of a permanent establishment, attribution of profits to
permanent establishments and characterisation or re-characterisation of an expense or receipt as a
taxable expense or income would be covered under MAP.

Monthly BeePedia
June 2022
 CBDT will allow the country’s taxpayers to access the mutual agreement procedure (MAP) for
cross-border disputes. This is even if they had settled the case under the direct tax dispute resolution
scheme — Vivad se Vishwas — without deviating from the outcome of the scheme. However, non-
resident taxpayers, who opted for the resolution scheme, cannot go for MAP on the same issue. This is
owing to voluntary surrender of such legal rights under Section 5(3) of the Vivad se Vishwas Act.
 The guidance note also clarified that the authorities will fully abide by the ruling of the Income-tax
Appellate Tribunal (ITAT) related to drawing curtains on corresponding cases pending under MAP,
unless the ITAT has set aside the matter for fresh adjudication.
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The Central Board of Direct Taxes (CBDT) is the authority vested with the responsibility of the administration of
laws related to direct taxes through the Department of Income Tax. In India, necessary inputs for policy and planning
is provided by the CBDT.
CBDT Headquarters: Mumbai Chairman: Anil Manibhai Naik
Mutual Agreement Procedure (MAP) is an alternate tax dispute resolution mechanism available to the taxpayers
under the DTAAs for resolving disputes giving rise to double taxation or taxation not in accordance with DTAAs. MAP
can help in relieving double taxation either fully or partially.
Vivad se Vishwas (the Scheme) is an attempt by the Government of India (GoI) to put an end to pending direct tax
disputes. The benefit under the Scheme is maximised if taxpayers avail it before 1 April 2020, though the Scheme is
likely to be available till 30 June 2020. The Scheme is likely to cater to all the taxpayers having income tax disputes
in India. Depending on the contours of the pending dispute, a proportion of the total tax, interest and penalty
demanded, needs to be paid under the Scheme for settlement.
India's Income Tax Appellate Tribunal was set up on 25 January 1941, and it was the first experiment in
tribunalization in the history of India. It is second appellate authority under the direct taxes and first independent
forum in its appellate hierarchy.
Russia becomes India's second biggest oil exporter in May
 India's oil imports in May totalled 4.98 million barrels per day (bpd), the highest since December
2020.
 Iraq was India's second biggest supplier of oil in May. Russia rose to become India's second
biggest supplier of oil in May while Saudi Arabia was in third place.
 Russian grades accounted for about 16.5% of India's overall oil imports in May, and helped raise the
share of oil from the Commonwealth of Independent States countries to about 20.5%, while that from
the Middle East declined to about 59.5%.
Reason of increasing Russian Oil in India: Western sanctions against Russia for its invasion of Ukraine
prompted many oil importers to shun trade with Moscow, pushing spot prices for Russia’s Ural crude oil to
record discounts against other grades. That provided Indian refiners, which rarely used to buy Russian oil
due to high freight costs, an opportunity to snap up low-priced crude.
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After the U.S. and China, India is the world’s third-largest consumer of oil, over 85% of which is imported.
Retail inflation eases to 7.04% in May

Monthly BeePedia
June 2022
 According to the data released by the National Statistical Office, the consumer price index-based
(CPI-based) inflation rate for May 2022 eased to 7.04 per cent on the back of the base effect and
cheaper food prices. The CPI rate for April was 7.79 per cent.
 It was still the fifth straight month of headline retail inflation being above the Monetary Policy
Committee’s (of the Reserve Bank of India, or the RBI) medium-term target of 4 (+/-2) per cent.
 Consumer food price inflation (CFPI) came in at 7.97 in May compared to 8.09 in April.
 However, the biggest indicator that inflationary pressures will persist is that crude oil prices continue
to be elevated. The Indian crude oil basket, despite having a greater share of Russian supplies, has
touched a 10-year high of $121 a barrel.
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All India Consumer Price Index (CPI) is released by National Statistical Office (NSO), Ministry of Statistics and
Programme Implementation (MoSPI). It has a base year of 2012.
National Statistical Office (NSO): It is the statistics wing of the Ministry of Statistics and Program Implementation.
The order under which this merger came into force stated that the proposed NSO would be headed by Secretary
(Statistics and Programme Implementation).
Trehan Group to invest Rs 125 cr in new plotted housing project at Neemrana, Rajasthan
 Realty firm Trehan Group, one of the leading developers of Rajasthan, has announced the launch of
Trehan Vilasa City, consisting of 641 residential plots at historical town of Neemrana in Rajasthan.
 The company plans to invest Rs 125 crore to develop this project, which is spread over 40 acres.
Kotak NationBuilders Salary Account launched for government employees
 Kotak Mahindra Bank Limited (KMBL) has announced the launch of Kotak NationBuilders Salary
Account – a Corporate Salary Account proposition exclusively designed to cater to the needs of
employees of PSUs and Government – who are partners in nation building.
 The Kotak NationBuilders Salary account is being offered to all salaried individuals working with the
Central, State government and Public Sector employees and will provide access to a full range of
products and services with several attractive features and benefits that include:
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Kotak Mahindra Bank Headquarters: Mumbai CEO: Uday Kotak
Adani, TotalEnergies join hands to invest $50 billion in green hydrogen
 Adani New Industries Ltd (ANIL) and the French giant TotalEnergies will invest $50 billion over 10
years in green hydrogen and, in the initial phase, building a production capacity of 1 million tonnes a
year for green hydrogen before 2030.
 Green hydrogen is a zero-emission fuel that can propel the world’s decarbonisation drive but it has yet
to be produced in a way that makes it commercially viable.
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Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam
Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises.

Monthly BeePedia
June 2022
TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one
of the seven "supermajor" oil companies. The supermajors are considered to be BP, Chevron, Eni, ExxonMobil,
Shell, TotalEnergies, and ConocoPhillips.
CCI clears Air India's acquisition of AirAsia India stake
 The Competition Commission of India approved Air India’s proposed acquisition of Tata group’s
entire 83.67 per cent stake in AirAsia India.
 At present, the Tata group owns and operates four airlines — Air India, Air India Express, AirAsia India,
and Vistara.
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The Competition Commission of India acts as the competition regulator in India. The Commission was established
in 2003 under the Competition Act 2002, although it became fully functional only by 2009. It aims at establishing a
competitive environment in the Indian economy through proactive engagement with all the stakeholders, the
government, and international jurisdiction.
CCI Headquarters: New Delhi Chairman: Ashok Gupta
Air India Headquarters: Delhi MD & CEO: Campbell Wilson
BCCI walks away with Rs 48,390 crores in three-day IPL auction for media rights
 The Board of Control for Cricket in India (BCCI) has raked in Rs 48,390 crore in the auction of the
media rights for the Indian Premier League (IPL).
 Disney-Star, Viacom18 and Times Internet were the winners of the e-auction held recently.
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The Board of Control for Cricket (BCCI) in India is the
governing body for cricket in India. Its headquarters is situated
at Wankhede stadium in Mumbai, Maharashtra. It is an
autonomous organization.
President- Sourav Ganguly
Secretary- Jay Shah
Viacom18 Media Private Limited is an Indian media and

entertainment joint venture between TV18 and Paramount
Global based in Mumbai. It was founded in 2007 and owns
various channels, as well as content production studios in India.
CEO- Jyoti Deshpande
Disney Star Private Limited is an Indian media conglomerate

and a wholly owned subsidiary of The Walt Disney Company
India. It is headquartered in Mumbai, Maharashtra.
Founder: Li Ka-shing
Times Internet is an Indian internet technology company, based

in Gurgaon, which owns, operates and invests in various
internet-led products, services and technology. It is the digital
arm of the Times Group, the largest media conglomerate in
India.
Times Group MD- Vineet Jain

Monthly BeePedia
June 2022
Source- Business Standard
LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL
 Life Insurance Company (LIC) has increased its stake in Capri Global Capital Ltd from 5.04 per cent
to 7.06 per cent and Hero MotoCorp Ltd from 9.163 per cent to 11.256 per cent.
 It has also increased its stake in fast moving consumer goods giant Hindustan Unilever Limited from
4.995 per cent to 5.008 per cent at an average cost of Rs 2,206.93.
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Hindustan Unilever Limited is a consumer goods company headquartered in Mumbai, India. It is a subsidiary of
Unilever, a British company. Its products include foods, beverages, cleaning agents, personal care products, water
purifiers and other fast-moving consumer goods.
CEO- Sanjiv Mehta
Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
 Ashok Leyland’s electric vehicle arm Switch Mobility is in talks with financial investors to raise about
$300 million--$200 million for capital expenditure needs and $100 million for Switch subsidiary Ohm
Global Mobility.
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Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the
Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955
Hinduja Group Chairman- S.P. Hinduja
Irdai eases solvency margin requirement for insurers underwriting crop businesses
 The Insurance Regulatory and Development Authority of India (Irdai) has reduced the solvency
margin requirement for general insurers doing crop business.
 Irdai has been relaxing the period of admissibility of premiums due from state governments for solvency
purposes from 180 days to 365 days since 2017-18. It has now decided to extend this relaxation from
FY23 onwards until further orders.
 Earlier, IRDAI had reduced the capital required to be held by insurers offering PMJJBY by almost 50
per cent.
 The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase
from Rs 330 to Rs 436 annually effective June 1.
 The number of active subscribers enrolled under the PMJJBY was 6.4 crore as of March 31, 2022.
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The Pradhan Mantri Jeevan Jyoti Bima Yojana is a government scheme launched in 2015. It aims to provide life
insurance security to the poor and low-income section of the society. This scheme can be availed by people aged
between 18 years to 50 years.
Irdai working group recommends relaxing investment norms for insurers

Monthly BeePedia
June 2022
 A panel formed to suggest overhaul of the general insurance industry has submitted its report to IRDAI.
 The panel comprised Anjan Dey, chairman and managing director (CMD) of Oriental Insurance; Ritesh
Kumar, MD of HDFC ERGO General Insurance; Anuj Gulati MD of Care Health Insurance; V.
Suryanarayanan MD of Cholamandalam MS General Insurance; A. Ramana Rao, general manager of
Irdai; and Y. Srinivasa Rao, deputy general manager at Irdai.
 The committee has suggested allowing insurers to invest in AT-1 perpetual bonds of banks that have
declared dividend for the preceding two years, except in cases where the bank is a promoter entity of
the insurer. AT-1 bonds offer higher return to the investors, and presently insurance companies are not
allowed to invest in such instruments.
 The panel has also suggested that investments in long-term bonds for ‘Infrastructure and Affordable
Housing’ should be removed from the overall limit of investment in banking, financial services and
insurance (BFSI) as investments in infrastructure have no industry limit under the prudential exposure
norms.
 It has also suggested removing the criteria for equity investments only in high dividend yielding
companies.
 The panel has suggested having a single limit of expenses over and above the monitoring of solvency
and enterprise level expense limit. This limit would include operating expense, commission, and rewards
rather than separate limits of expenses at business level.
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AT-1, short for Additional Tier-1 bonds, are a type of unsecured, perpetual bonds that banks issue to shore up
their core capital base to meet the Basel-III norms. Tier 1 capital refers to a bank’s core capital. It includes
disclosed reserves that are present on a bank’s financial statements and equity capital.
A lender uses tier I capital to function on a regular basis and it forms the basis of a financial institution’s strength.
DoT extends 4G, 5G mandatory equipment testing deadline by 1 year
 The Department of Telecommunications (DoT) has extended the date for mandatory testing and
certification of 4G and 5G products by one year to July 1, 2023.
 Telcom Companies and equipment makers had made it clear that the earlier July 1, 2022, deadline
would have jeopardised the roll-out of 5G services from the end of this year as there are not enough
third party labs to test 4G and 5G products.
 Under the new testing and certification rules, equipment such as microwaves, radios, routers, and so
on – which can be used for both 4G and 5G networks – could not be imported or sold after July 1 without
first being tested by select third party labs within the country. The equipment also had to be certified by
the Telecommunication Engineering Centre on safety, emission, and other technical parameters.
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Ministry of Communications
Minister: Ashwini Vaishnaw
Coal ministry launches PIM module of single window clearance system
 The Coal Ministry recently launched the Project Information and Management (PIM) module of the
Single Window Clearance System, a platform to seek various clearances to operationalise coal mines.
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Ministry of Coal
Minister: Pralhad Joshi

Monthly BeePedia
June 2022
WPI inflation hits 30-year peak of 15.88% in May
 Wholesale price inflation spiked to 15.88% in May 2022, the highest since September 1991.
 In April 2022, the WPI inflation was recorded at 15.08%.
 Inflation based on the wholesale price index (WPI) has remained in double digits for 14 months now,
mirroring elevated global commodity prices, especially of oil.
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Index numbers of wholesale price is released by Office of the Economic Adviser, Department for Promotion of
Industry and Internal Trade. The components of the index are manufactured products (64.2% weightage), primary
articles (22.6%) and fuel and power (13.2%)
Indian Railways Innovation Policy, StartUps for Railways launched to improve operational
efficiency & safety
 The Indian Railways recently launched a policy- “StartUps for Railways” that will bring scale and
efficiency in the field of operation, maintenance as well as the creation of infrastructure through the
participation of very large and untapped startup ecosystem.
 Through this platform, start ups will get an opportunity to connect with the national transporter.
 Following are some of the salient details of Indian Railways’ Innovation Policy:
1) Grant up to an amount of Rs 1.5 crore to innovator on basis of equal sharing with provision of
milestone-wise payment
2) Entire process from floating of problem statement to prototype development is online with defined
time line to make it objective and transparent
3) Prototypes’ trials will be done in Indian Railways. On successful performance of prototypes,
enhanced funding will be provided to scale up deployment.
4) Innovators will be selected by a transparent and fair system which will be dealt through online portal
5) Developed Intellectual property rights will only remain with the innovator
6) Assured developmental order to innovator
7) De-centralization of the complete process of product development at divisional level in order to
avoid delays
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Indian Railways Headquarters: New Delhi Minister: Ashwini Vaishnaw
Cabinet Approvals
 The Union Cabinet chaired by the Prime Minister Modi ratified the Agreement signed among the
Shanghai Cooperation Organisation member states on cooperation in the field of youth work among the
authorized bodies of the member states of Shanghai Cooperation Organisation (SCO).
 It also approved a Memorandum of Association (MoA) by India for establishment of Bay of Bengal
Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Technology Transfer
Facility (TTF) was signed by the BIMSTEC member countries at the 5th BIMSTEC Summit held at
Colombo, Sri Lanka on 30th March, 2022.
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The Shanghai Cooperation Organisation, also known as the Shanghai Pact, is a transcontinental political,
economic, security, and military alliance.
SCO Headquarters: Beijing, China
Founded- 2001

Monthly BeePedia
June 2022
Members- China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, Uzbekistan
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international
organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined
gross domestic product of US$4.4 trillion.
The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand – are among
the countries dependent on the Bay of Bengal.
Establishment 6 June 1997 Chairmanship Sri Lanka (since September 2018)
Secretary General Tenzin Lekphell Headquarters Dhaka, Bangladesh
IBBI amends rules, creditors may get power to remove liquidator under IBC
 The Insolvency and Bankruptcy Board of India (IBBI) has proposed a slew of changes to the
liquidation regulations to iron out the inconsistencies and make the liquidator more accountable under
the Insolvency and Bankruptcy Code (IBC).
 Under the proposed changes
o A committee of creditors (CoC) may act as a stakeholders’ consultation committee (SCC),
which is typically set up within 60 days from the date of commencement of liquidation, to monitor
the process from the beginning. It is also proposed that creditors can now replace the liquidator,
by a majority vote, in case his conduct is not satisfactory.
o The SCC works as a monitoring mechanism for liquidation, similar to the CoC in corporate
insolvency.
o The IBBI is of the view that the liquidator takes significant decisions related to the appointment
(including that of valuers) and sale of assets in the first 60 days (before the constitution of the
SCC), and mandating such decisions and placing before the SCC (on ex-post basis) weakens
the accountability of the liquidator.
o While the law requires the liquidation of a corporate debtor to be completed within one year
(reduced from two years) of the liquidation commencement date, the regulator observed that the
deadline was rarely met. It proposed to reduce the timeline to 30 days for promoters and other
stakeholders after the commencement of proceedings to retake control through an agreement
with creditors. Currently, they have to do it in 90 days.
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The Insolvency and Headquarters: New Delhi Chairperson– Dr. M. S. Sahoo
Bankruptcy Board of India
(IBBI)
Blackstone pips Saudi's PIF to top slot in PE investments in India in 2021
 According to the India Private Equity Report of 2022 released by Bain Capital with Indian Venture
and Alternate Capital Association, US private equity giant Blackstone overtook Saudi Arabia’s
sovereign wealth fund Public Investment Fund to claim the top slot among private equity and
sovereign funds in terms of investment in India in 2021.
 Blackstone invested $4.9 billion in India in 2021, compared with the $3.3 billion that was invested by
PIF to win the top slot in 2020.
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Blackstone Inc. Headquarters: New York, United States CEO: Stephen A. Schwarzman

Monthly BeePedia
June 2022
A sovereign wealth fund, sovereign investment fund, or social wealth fund is a state-owned investment fund that
invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments
such as private equity fund or hedge funds. Sovereign wealth funds invest globally.
GE arm buys 49% stake in Continuum's onshore wind project in Gujarat
 GE Energy Financial Services, an arm of GE, has acquired a 49 per cent stake in Continuum Green
Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.
 This transaction marks GE EFS' first onshore wind equity investment in Gujarat through a structured
preferred equity solution.
 To-date, GE EFS has invested in several projects in India, enabling over one gigawatt (GW) of
renewable energy projects across various states, including Madhya Pradesh, Rajasthan, Karnataka,
Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat.
 Continuum, majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure
Inc, continues to own 51 per cent in the project.
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GE Energy Financial Services Headquarters: United States Founded: 1980
Jio-bp to power Zomato's commitment to have 100% EV fleet by 2030
 Jio-bp - a fuels and mobility joint venture between RIL and bp - and food delivery platform Zomato
announced that they have entered into an agreement to support Zomato’s commitment towards
having 100% EV fleet by 2030.
 Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery
swapping stations for last mile delivery.
 The collaboration is poised to accelerate EV adoption in the rapidly growing Indian delivery and
transportation segment.
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Zomato Headquarters: Haryana Founder: Deepinder Goyal, Pankaj Chaddah
Reliance Industries Limited (RIL) & bp announce 'Jio-bp' partnership. Operating under the 'Jio-bp' brand, the
joint venture aims to become a leading player in India's fuels and mobility markets.
Adani Transmission's $700-mn revolving facility gets 'green loan' tag
 Adani Transmission Limited (ATL) said its USD 700 million revolving loan facility has been tagged
as 'green loan' by Sustainalytics. This provides assurance on the green loan framework for the
revolving facility.
 Sustainalytics, a Morningstar Company, provides analytical environmental, social and governance
(ESG) research, ratings and data to institutional investors and companies.
 A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw
down or withdraw, repay, and withdraw again.
 The projects associated with the USD 700 million revolving facility are being implemented in Gujarat
and Maharashtra.

Monthly BeePedia
June 2022
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Adani Transmission Headquarters: Ahmedabad CEO: Anil Kumar Sardana
India's trade deficit hits record high of $24.3 bn in May: Govt data
 According to the latest data released by the commerce ministry, India’s trade deficit hit a record $24.3
billion in May.
 The previous highest monthly trade deficit was $22.91 billion in November 2021.
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Ministry of Commerce and Headquarters: New Delhi Officeholders: Piyush Goyal (Minister),
Industry
A trade deficit occurs when there is a negative net amount or negative balance in an international transaction account.
The balance of payments (international transaction accounts) records all economic transactions between residents
and non-residents where a change in ownership occurs. A trade deficit or net amount can be calculated on different
categories within an international transaction account. These include goods, services, goods and services, current
account, and the sum of balances on the current and capital accounts.
CBIC issues guidelines for post audit and refund claims under GST
 The Central Board of Indirect Taxes & Customs (CBIC) has put out a procedure relating to sanction,
post-audit and review of refund claims for taxpayers.
 This is following several reports CBIC received about different practices being followed by the field
formations, creating issues for taxpayers. CBIC clarified that post-audit to be conducted only for refund
claims amounting to Rs one lakh and above till further instructions.
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CBIC Headquarters: New Delhi Chairperson: Vivek Johri
UAE suspends exports and re-exports of Indian wheat for four months
 To stop Indian wheat from being re-sold, the UAE government has ordered a suspension of exports
and re-exports of wheat and wheat flour originating from India for a period of four months.
 This will not allow Indian wheat sold to the UAE from being used for any other purposes other than
UAE’s domestic consumption.
 The ban by UAE, which its ministry called as 'moratorium', has been imposed in view of the international
developments that have affected trade flows.
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About UAE Capital: Abu Dhabi Currency: United Arab Emirates dirham
Fitch revises outlook on domestic lenders to 'Stable'
 Global ratings agency Fitch revised outlook on long-term issuer default ratings (IDR) of financial
sector entities of the country, including banks from “Negative” and “Stable”.

Monthly BeePedia
June 2022
 The financial institutions that saw change in outlook are State Bank of India, Bank of Baroda (BOB) and
its subsidiary in Newland, Bank of India, Canara Bank, Punjab National Bank, ICICI Bank and Axis Bank
and Export and Import Bank of India.
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About Fitch Headquarters: New York, US CEO: Paul Taylor
Indians' funds in Swiss banks rise to 14-yr high
 Funds parked by Indian individuals and firms in Swiss banks, including through India-based
branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over
Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while
customer deposits rose as well, annual data from Switzerland's central bank showed.
 The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700
crore) at the end of 2020, marks the second consecutive year of increase.
 Besides, the money held in Indian customers' savings or deposit accounts rose to a seven-year high of
about Rs 4,800 crore, reversing a two-year declining trend.
CBDT issues guidelines for new tax rule on gifts, benefits to influencers
 The Central Board of Direct Taxes(CBDT) issued detailed guidelines on the applicability of the
new tax deducted at source (TDS) provisions that come into effect on July 1.
 A section was introduced in the I-T Act which requires deduction of tax at source at the rate of 10
per cent by any person, providing any benefit or perquisite exceeding Rs 20,000 in a year toa resident,
arising from the business or profession of such resident.
 According to the CBDT, if a social media influencer retains a product from the manufacturing company
after using for the purpose of rendering service, then it will be treated as a benefit/perquisite under
newly-introduced Section 194R of the IT Act. However, if the product is notretained then said provision
would not be applicable.
 For doctors, the tax body clarified that if they receive free samples of medicines while being employed
at ahospital, the new tax provision would apply on distribution of free samples tothe hospital.
 If a free medicine sample is provided by a company to a doctor who is an employee of the hospital, the
TDS will be deducted by the company as the benefit/perquisite is provided to the doctor on account of
him being the employee of the hospital. Thus, in substance, the benefit/perquisite is provided to the
hospital.
 Section 194 R is applicable on events when a person gives incentives (other than discount, rebate) in
the form of cash or kind, or a person sponsors a trip for the recipient and his/herrelatives upon achieving
certain targets.
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The Central Board of Direct Taxes (CBDT) is the authority vested with the responsibility of the administration of
laws related to direct taxes through the Department of Income Tax. In India, necessary inputs for policy and planning
is provided by the CBDT. Students preparing for IAS Exam should be aware of this topic.
Formed : 1860 Headquarters: New Delhi
Banks' gross NPA drop below 6% in March 2022, lowest in six years

Monthly BeePedia
June 2022
 Gross non-performing assets (NPAs) of the banking sector dropped below 6 per cent as of March
2022 — the lowest since 2016 — and net NPAs fell to 1.7 per cent during the same period, indicating
that the sector has remained largely unscathed from the ill-effects of the Covid-19 pandemic so far.
 The asset quality of banks has improved, and the gross NPAs and net NPAs of the banks have improved
from the pre-pandemic levels. The fresh slippages have broadly been brought under control. Banks
have also enhanced their provisions including provisions for restructured accounts.
 Asset quality of Indian banks started deteriorating from the early part of last decade and peaked in
March 2018 with gross NPA hitting 11.5 per cent of gross advances. Since then, the asset quality of
banks has been improving.
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GNPA is an absolute amount. It tells you the total value of gross non-performing assets for the bank in a particular
quarter or financial year as the case may be.
NNPA: NNPA stands for net non-performing assets. NNPA subtracts the provisions made by the bank from the gross
NPA.
Kantar's global 100 most valuable firms
 IT services and banking companies have retained top positions in the Kantar Brandz, 2022 Most
Valuable Global Brands report (APAC Kantar BrandZ Top 10).
 This year the number of Indian brands in the Global Top 100 rose to four: Tata Consultancy Services
(TCS), HDFC Bank, Infosys, and Life Insurance Corporation (LIC).
 TCS jumped 12 positions to 46th position from 58th in 2021. Its brand value was up 61 per cent.
 HDFC Bank’s rank was up five positions and its brand value increased 35 per cent. However, life
insurance player LIC saw its rank slip 19 positions to 92, and its brand value was down by 4 per cent
compared to 2021. Infosys made its debut to the list at 64th position at a brand value of $33,551 billion,
up 33 per cent.
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Kantar Group is a data analytics and brand consulting company, based in London, England. It was founded in 1992,
and has approximately 30,000 employees in 100 countries working in various research disciplines, including social
media monitoring, advertising effectiveness, consumer and shopper behaviour, and public opinion.
Headquarters: London, United Kingdom Founded: 1992 Key people: Chris Jansen (CEO); Ian Griffiths (CFO)
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HDFC Bank Headquarters: Mumbai MD & CEO: Aditya Puri
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Infosys Headquarters: Bengaluru CEO: Salil Parekh
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TCS Headquarters: Mumbai CEO: Rajesh Gopinathan
Sovereign Gold Bond Scheme 2022-23
 The Government of India, in consultation with the Reserve Bank of India, has decided to issue
Sovereign Gold Bonds in tranches.

Monthly BeePedia
June 2022
 The first tranche of Sovereign Gold Bond (SGB) for 2022-23 will open for subscription for five days
from June 20-24, 2022.
 The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during
August 22-26, 2022.
About SGB: The central bank issues the bonds on behalf of the Government of India, and these bonds
are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities
and charitable institutions.
o The tenor of the SGB will be for a period of eight years with an option of premature redemption
after 5th year to be exercised on the date on which interest is payable.
o The minimum permissible investment will be one gram of gold. The maximum limit of
subscription is 4 Kg for individuals, 4 Kg for HUFs and 20 Kg for trusts and similar entities
per fiscal year.
o The price of SGB will be fixed in rupees on the basis of a simple average of the closing price of
gold of 999 purity, published by the India Bullion and Jewellers Association Limited (IBJA) for the
last three working days of the week preceding the subscription period.
o The issue price of the SGBs will be less by Rs 50 per gram for the investors who subscribe
online and pay through digital mode.
o The investors will be compensated at a fixed rate of 2.5 per cent per annum payable semi-
annually on the nominal value.
o The SGBs are sold through banks, Stock Holding Corporation of India Limited (SHCIL),
Clearing Corporation of India Limited (CCIL), post offices and the two stock exchanges (NSE
and BSE).
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The sovereign gold bond scheme was launched in November 2015, with an objective to reduce the demand for
physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings.
In 2021-22, SGBs were issued in 10 tranches for an aggregate amount of Rs 12,991 crore (27 tonnes).
US approves USD 120 million new loan to support Sri Lankan economy
 The US announced USD 120 million in new loans to Sri Lanka to grow and support small and
medium-sized businesses in the debt-ridden island nation.
 The US International Development Finance Corporation (DFC) Board of Directors has approved
the loan in new investments that will reach small and medium-sized businesses and help to provide
equity, jobs, and futures.
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About US Capital: Washington, D.C. Currency: US Dollar
About Sri Lanka Capital: Sri Jayawardenepura Kotte Currency: Sri Lankan rupee
The United States International Development Finance Corporation is a development finance institution and
agency of the United States federal government. DFC invests in development projects primarily in lower- and middle-
income countries.
Headquarters: Washington, D.C., United States Founded: 2019
Retail businesses grow 24% in May against pre-pandemic level: report

Monthly BeePedia
June 2022
 According to industry body Retailers Association of India (RAI), the retail businesses across India
witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in
2019.
 As per the latest 'retail business survey' by the RAI, sales in western India grew by 30%, while eastern
India showed a growth of 29% compared to the pre-pandemic sales level in May 2019.
 Similarly, southern India posted a rise of 22% and northern India grew 16%.
 RAI said sales across categories continue to indicate steady growth. With outdoor activities picking up,
categories such as quick-service restaurants (41%) and footwear (30%) are indicating rapid growth,
and segments like beauty and wellness (9%) have also started to show positive growth. Consumer
durables and electronics sales grew 15% in May compared to the same month in 2019, while apparel
and clothing also witnessed a growth of 24%. The food and grocery category clocked 23%, and sports
goods rose by 24%.
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Retailers Association of India is an Indian retail trade association. A not-for-profit organization, it represents the
rights of Indian retailers. Its members include chain store retailers, independent retailers, e-commerce retailers and
retail service providers across India.
Founded: 2004 Headquarters: Mumbai CEO: Kumar Rajagopalan
TVS owned Norton Motorcycles plans electric range production in UK
 Norton Motorcycles plans to develop and build an electric motorcycle in the UK as part of a 30-
month project co-funded by a government program.
 The iconic British motorcycle maker, now owned by India’s TVS Motor Co., will work with six UK partners
including Delta Cosworth, HiSpeed Ltd. as well as the University of Warwick to develop the product.
 The project won government funding from the UK program that assists automotive companies to
develop low-carbon products.
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TVS Headquarters: Chennai CEO: K. N. Radhakrishnan
Active mobile subscribers fall in April after five months
 According to the Telecom Regulatory Authority of India data, the number of active mobile phone
users declined by 7.5 million in April on a month on month basis.
 The fall in active subscribers was the first after four consecutive months of growth.
 The fall in active subscribers was due to contraction in Airtel and Vodafone Idea’s base by 3.1 million
and 3.8 million respectively while Reliance Jio’s active subscriber number remained flat in April.
 Total active subscribers stood at over 1.01 billion at the end of April.
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TRAI Headquarters: New Delhi Chairperson: Ram Sewak Sharma
Overseas remittances almost double year on year to $2 billion in April
 According to Reserve Bank of India data, Outward remittances by resident Indians crossed the $2
billion mark to $2.02 billion in April 2022, almost doubling from level of $1.18 billion in the same month
last year.

Monthly BeePedia
June 2022
 Three key heads of spending this April were travel, at $880 million ($284 million in April 2021),
maintenance of relatives $385 million ($240 million) and Gifts worth $299 million ($161 million).
 RBI data showed that the spending on international travel tripled in April 2022 as Covid-related curbs
eased in various countries in FY22. The spending on travel was $6.91 billion in FY22, more than twice
that spent in FY21.
Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments
 Global rating agency Moody’s upgraded ICICI Bank and Axis Bank’s baseline credit assessments
(BCA) to “baa3” indicating medium grade financial strength from “ba1” indicating speculative financial
strength.
 The upgrade in BCA reflects improvements in credit fundamentals - asset quality, capital, and
profitability.
 It also affirmed the Baa3 deposit ratings of both Indian private sector lenders. The upgrade of the BCAs
does not result in any change in the deposit ratings, since the deposit ratings are already at the same
level as the India sovereign rating (Baa3 stable).
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TRAI Headquarters: New Delhi Chairperson: Ram Sewak Sharma
ICICI Bank Headquarters: Mumbai MD & CEO: Sandeep Bakhshi
Axis Bank Headquarters: Mumbai MD & CEO: Amitabh Chaudhry
India exits $3-trillion m-cap club; falls to sixth in global league
 The Indian market is no longer part of the coveted $3-trillion market capitalization club.
 The latest rout in the market has seen its value slip to $2.99 trillion. From the peak of $3.67 trillion in
January, India’s market cap has eroded by $676 billion amid rising bond yields and a record-breaking
sell-off by overseas investors.
 At present, India is ranked sixth, behind Saudi Arabia, which has benefited from rising oil prices this
year.
 Among the top 15 world markets, Sweden had the biggest m-cap erosion in percentage terms (34.6 per
cent), followed by Germany (25.5 per cent), France (24.6 per cent), and the US (23.4 per cent).
Meanwhile, Saudi Arabia is the only market to have seen an increase in its market value this year, rising
15 per cent.
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Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding
shares. Market capitalization is equal to the share price multiplied by the number of shares outstanding.
Kerala government’s Vyapar 2022 event concludes
 The 3-day Vyapar 2022 drew to a close with the Kerala government’s pioneering event in the MSME
sector facilitating trade deals worth Rs 105 crore at 2,417 business-to-business meets.

Monthly BeePedia
June 2022
 A total of 330 buyers clinched pacts with 324 sellers from across the country at the event organised in
the city by the Kerala Department of Industries and Commerce. Of the 324 sellers, 15 were
government agencies. Kerala Bureau of Industrial Promotion (K-bip), coordinated Vyapar 2022.
 The seven focal sectors were food processing (food and spices); handlooms, textiles and garments
(fashion design and furnishing products); rubber; coir products; Ayurveda and herbal
(cosmetics and nutraceuticals); electrical and electronics; and traditional sectors that include
hand-carved goods, handloom textiles and bamboo-based items.
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About Kerala
Capital: Thiruvananthapuram CM: Pinarayi Vijayan Governor: Arif Mohammad Khan
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive
body for the formulation and administration of rules, regulations and laws relating to micro, small and medium
enterprises in India. The Minister of Micro, Small and Medium Enterprises is Narayan Rane.
 State Bank of India has provided line of credit of Rs 5,000 crore to the PMAY mega housing
scheme being developed by Cidco, thus achieving financial closure.
 This will speed up the construction of houses under the scheme and make the dream of affordable
housing come true of many common citizens.
 SBI has sanctioned the line of at a very affordable rate of only 6%.
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SBI Headquarters: Mumbai Chairperson: Rajnish Kumar
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CIDCO Headquarters: Mumbai Chairman; Lokesh Chandra
Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided
to the urban poor with a target of building 2 crore affordable houses by 31 March 2022.
Launch year: 2015 Ministry: Ministry of Housing and Urban Affairs Key people: Hardeep Singh Puri
32% govt stake in Vodafone Idea before 5G auctions
 Prior to the 5G auction, which starts from July 26, the government will convert its debt into equity
in Vodafone Idea.
 The move will help telecom operators who are under financial pressure to reach their Rs 25,000-crore
fund target.
 After the equity conversion, the government will hold a 32% stake in Vodafone Idea and the
promoter stake will dilute to around 50% from the current 75%.
 Conversion of debt into equity will be done under Article 62 (4) of the Companies Act.
 Vodafone Idea will issue shares to the government on a preferential basis to be held by the investment
and public asset management department.
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About: Vodafone Idea Limited Headquarters: Gandhinagar CEO: Ravinder Takkar
Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr
 The government has extended the productivity-linked incentive scheme for the telecom industry
by another year and has expanded its scope to cover design-led manufacturing.

Monthly BeePedia
June 2022
 The Centre will provide additional incentives of over Rs 4,000 crore under the amended scheme.
 The Department of Telecommunications had notified the PLI scheme last February with an allocation
of Rs 12,195 crore. Thirty-one companies were selected under the scheme last October. The
beneficiaries will be able to select 2021-22 or 2022-23 as the first year for availing the incentives.
 The policy has also been amended with the aim of building a strong ecosystem for 5G.
Learn Along
The PLI scheme or Production Linked Incentive scheme was launched in March 2020 to boost the domestic
manufacturing sector.As a part of the Make in India initiative, this scheme offers an incentive to eligible firms on
incremental sales for five years.
The Department of Telecommunications, abbreviated to DoT, is a department of the Ministry of Communications

of the executive branch of the Government of India.
Founded: 1985
Kotak Investment Advisors, AIDA form $590 mn realty fund for office spaces
 Kotak Investment Advisors Ltd (KIAL), the alternate assets business of Kotak Mahindra Bank,
formed a $590 million real estate fund with Abu Dhabi Investment Authority (AIDA) for
investments in office assets in India.
 This is KIAL's 12th real estate fund and will be domiciled in Gujarat’s GIFT City.
 With this new fund, KIAL has so far raised, managed, or advised more than $2.8 billion under its real
estate fund series.
 Set up in 2005 to bring sharper focus to Kotak’s alternate assets practice, KIAL has raised, managed
or offered advice on funds worth over $5.7 billion across different asset classes. These include real
estate, private equity, infrastructure funds, special situations fund, listed strategies, and investment
advisory, all led by independent investment teams.
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Kotak Mahindra Bank Headquarters: Mumbai CEO: Uday Kotak
Kotak Investment Advisors Headquarters: Mumbai Founded: 2005
Abu Dhabi Investment Authority Headquarters: Abu Dhabi CEO: Hamed bin Zayed Al Nahyan
Gujarat International Finance Tec-City (GIFT City) is a planned business district in Gujarat, India. It is the new
business destination offering competitive edge to Financial services and Technology related activities.
Skilling scheme for construction workers launched
 The National Skill Development Corporation (NSDC), the nodal agency under the ministry of skill
development & entrepreneurship (MSDE), will implement the NIPUN project.
 Under the project, 80,000 workers will receive re-skilling while about 14,000 will be trained for new
skills.
 The courses are aligned with National Skills Qualifications Framework (NSQF) and will be imparted at
accredited and affiliated training centres.
 Trainees will be provided with Kaushal Bima, a three-year accidental insurance with coverage of `2 lakh,
digital skills such as cashless transactions and the BHIM app, orientation about entrepreneurship. They

Monthly BeePedia
June 2022
will also be brought under Employees’ provident fund (EPF) scheme and building and other construction
workers’ welfare board (BOCW).
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National Skill Development Corporation is a not-for-profit public limited company incorporated on July 31, 2008
under section 25 of the Companies Act, 1956. NSDC was set up by Ministry of Finance as Public Private Partnership
model.
Headquarters: New Delhi CEO: Manish Kumar
NIPUN Bharat Mission or National Initiative for Proficiency in Reading with Understanding and Numeracy is
launched by the Education Ministry of India under National Education Policy 2020. This scheme ensures that every
child in India gains foundational numeracy and literacy by the end of Grade 3.
The National Skills Qualification Framework (NSQF) organizes qualifications according to a series of levels of
knowledge, skills and aptitude. These levels are defined in terms of learning outcomes which the learner must
possess regardless of whether they were acquired through formal, non-formal or informal learning.
The Employees' Provident Fund Organisation is the statutory body under the Government of India's Ministry of
Labour and Employment, which is responsible for regulation and management of provident funds in India. The EPFO
administers the mandatory provident fund.
Founded: 1952, New Delhi Headquarters: New Delhi
EPFO Payroll data: EPFO adds 17.08 lakh net subscribers in the month of April, 2022
 The provisional payroll data of EPFO released highlights that EPFO has added 17.08 lakh net
subscribers in the month of April, 2022.
 A year-on-year comparison of payroll data shows an increase of 4.32 lakh net subscribers in April, 2022
as compared to the net subscription in the month of April, 2021 last year.
 EPFO is a social security organization responsible for providing a number of benefits to the members
covered under the statute of EPF & MP Act, 1952. It provides provident fund, pension benefits to the
members on their retirement and family pension & insurance benefits to their families in case of untimely
death of the member.
LeadSquared became India's 103rd unicorn
 Sales automation software-as-a-service (SaaS) platform LeadSquared has raised $153 million in a
Series C funding round from WestBridge Capital to become a new unicorn (valuation of $1 billion and
above) in the country.
 It has become India’s 103rd unicorn.
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o Physicswallah was the 101st unicorn in the country.
Founded by Nilesh Patel, Prashant Singh, and Sudhakar Gorti in 2011, LeadSquared provides end-to-end sales,
marketing, and onboarding automation solutions. The company claims to have more than 2,000 customers and it

Monthly BeePedia
June 2022
serves education, healthcare, BFSI, real estate, automotive, and hospitality industries. Besides Bengaluru, it has a
presence in New Jersey, Philippines, South Africa, Australia, and Indonesia.
Software as a service is a software licensing and delivery model in which software is licensed on a subscription
basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
Yes Bank launches FD linked to repo rate
 Private sector lender Yes Bank has introduced a new fixed deposit product which is linked to the
repo rate.
 The bank will offer 6 per cent interest rate (repo rate + 1.10 per cent mark up) for deposits of one year
to less than 18 months and 6.5 per cent (repo rate + 1.60 per cent) for 18 months to 3 years.
 The bank has also raised the interest rates on its standard fixed deposit, capping them at 6.5 per cent
for regular customers and 7.25 per cent for senior citizens.
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Yes Bank Headquarters: Mumbai MD & CEO: Prashant Kumar
India now the fourth largest gold recycling country: World Gold Council
 According to a recent report by the World Gold Council (WGC), India has emerged as the fourth
largest gold recycling country in 2021, recycling 75 tons, or 6.5 per cent of the total gold recycled
across the globe.
 Recycling of gold (jewellery, manufacturing scrap, and end-of-life industrial scrap) is driven by price
movements of the yellow metal - current and future expectations, and the economic backdrop.
 In the short run, a 1 per cent increase in the price of gold pushes recycling up by 0.6 per cent.
Conversely, positive gross domestic product (GDP) growth in the same year and the previous year
pushes recycling down by 0.3 per cent and 0.6 per cent, respectively.
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World Gold Council Headquarters: London, UK CEO: David Tait
'One Nation, One Ration Card' programme implemented across India
 Assam has become the 36th State/UT to implement One Nation One Ration Card (ONORC).
 With this, the ONORC plan is successfully implemented in all the 36 states/UTs, making food
security portable throughout the country.
 Under the ONORC (One Nation, One Ration Card), beneficiaries covered under the National Food
Security Act, 2013 (NFSA) can get their quota of subsidised foodgrains from any electronic point of sale
device (ePoS)-enabled fair price shops of their choice by using their existing ration cards with biometric
authentication.
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The One Nation One Ration Card (ONORC) scheme is being implemented by the Department for the nation-wide
portability of ration cards under National Food Security Act (NFSA). Through this all eligible ration card
holders/beneficiaries covered under NFSA can access their entitlements from anywhere in the country. This system
allows all NFSA beneficiaries, particularly migrant beneficiaries, to claim either full or part foodgrains from any Fair
Price Shop (FPS) in the country through existing ration card with biometric/Aadhaar authentication in a seamless
manner. The system also allows their family members back home, if any, to claim the balance foodgrains on same
the ration card. The implementation of ONORC was initiated in August 2019.

Monthly BeePedia
June 2022
CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates
 Current account deficit (CAD) decreased sequentially to $13.4 billion (1.5 per cent of GDP) in the
fourth quarter ended March 2022. CAD was down from $22.2 billion (2.6 per cent of GDP) in the third
quarter ended December 2021.
 The sequential decline in CAD in Q4 of FY22 was mainly on account of a moderation in trade deficit
and lower net outgo of primary income, as per RBI.
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The current account deficit (CAD) is a measurement of a country’s trade where the value of the goods and
services it imports exceeds the value of the products it exports. The current account includes net income, such as
interest and dividends, and transfers, such as foreign aid.
Vodafone group to infuse Rs 436 crore in Vi ahead of India 5G auction
 Vodafone Group Plc will infuse an additional Rs 436 crore into Vodafone Idea (Vi) through equity
shares.
 This is the second capital raise by the company in two months after the Rs 4,500-crore infusion by the
promoters, Vodafone Group Plc and the Aditya Birla group.
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Vodafone Idea Headquarters: Mumbai MD & CEO: Ravinder Takkar
Vodafone Idea to take 4-year reprieve on Rs 8,837-crore AGR dues
 Vodafone Idea (Vi) will take a four-year moratorium on paying Rs 8,837 crore as AGR (annual
gross revenue) dues, in addition to the option it exercised last year.
 The telecom company also has the option to convert interest on the deferred amount into additional
equity to the government.
 The government will own 33 per cent stake in Vi after an earlier decision to convert interest with net
present value of interest worth Rs 16,000 crore into equity. It may get a further 6-7 per cent stake if the
company opts for conversion again.
 Promoters own 74.99 per cent stake in Vodafone Idea. The stake will reduce to 50 per cent following
the issuance of a 33 per cent stake to the government.
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Annual Gross Revenue means the gross revenue earned in the provision of an electronic communications service
for the reporting year, received by, or due to a licensee and its affiliates, from whatever source derived before a
deduction for an expense, discount, return or offset of any kind except domestic access and interconnection
payments and taxes and charges collected for or on behalf of the Government.
Vodafone Idea business arm launches ‘Ready for Next’ programme
 Telecom operator Vodafone Idea’s enterprise arm announced the launch of ‘Ready for Next’
programme to help MSMEs to accelerate their digital transformation journey.

Monthly BeePedia
June 2022
 Digital adoption is driving new business prospects, and digitally securing the business has become
crucial in the new era of remote working.
 Vi Business ‘Ready for Next’ programme is built on the philosophy of handholding the MSMEs (Micro,
Small and Medium Enterprises) in their entire digital journey.
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About Vodafone Idea Limited Headquarters: Gandhinagar CEO: Ravinder Takkar
Meta rolls out monetisation tools for creators on Instagram, Facebook
 Meta chief executive officer (CEO) Mark Zuckerberg announced that the company is rolling out more
ways for creators to make money on Facebook and Instagram, and is also expanding some of its
current monetisation tools to more creators.
 Meta is going going to keep paid online events, fan subscriptions, badges and its upcoming independent
news products free for creators until 2024.
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Meta Headquarters: California, USA CEO: Mark Zuckerberg
Microsoft, Meta, Qualcomm, W3C band together for metaverse open standards group
 Meta, Epic Games, Microsoft and 33 other companies have banded together for a standards group
for “metaverse” tech. The Metaverse Standards Forum will foster open, interoperable standards for
augmented and virtual reality, 3D and geospatial tech.
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Microsoft Headquarters: Washington, US CEO: Satya Nadella
The concept of Metaverse takes the whole internet experience and upgrades it to a three-dimensional space.
This means that with the right equipment users will have a chance to experience a real-life simulation of a world
that exists virtually.
India completes ‘One Nation One Ration Card’ implementation
 With Assam becoming the last state to implement the one nation one ration card (ONORC) scheme,
its pan-India rollout is now complete.
 Under the scheme, beneficiaries can get access to highly subsidised foodgrains under public distribution
system anywhere in the country.
 Launched in August 2019, ONORC ensures portability of around 240 million ration cards.
 It enables migrant ration-card-holders to lift their quota of grain entitlement from any fair price shop
(FPS) in the country by using the ration card issued in their home states or Union Territory after biometric
authentication on electronic Point of Sale (ePoS) devices installed at the FPS.
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For managing the problem of food security, the government of India introduced the One Nation One Ration Card
scheme (ONORC) in 2019. ONORC allows a beneficiary to access his food entitlements from anywhere in India
irrespective of the place where the ration card is registered.
A public distribution shop, also known as fair price shop (FPS), is a part of India's public system established by the
Government of India which distributes rations at a subsidized price to the poor.
Pine Labs acquiring fintech infrastructure start-up Setu

Monthly BeePedia
June 2022
 Pine Labs, a merchant commerce platform, is acquiring Bengaluru-based Setu, an API (application
programming interface) fintech start-up. This is the Pine Lab’s third acquisition this year.
 Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with
fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay.
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Pine Labs is an Indian merchant platform company that provides financing and last-mile retail transaction technology,
founded in 1998. It is one of the unicorn companies, with a valuation of over US$5 billion. It provides a merchant
platform and makes software for point of sale machines.
Founded: 1998 Headquarters: Noida Founders: Lokvir Kapoor, Rajul Garg, Tarun Upadhyay
Setu, launched in 2018 by Sahil Kini and Nikhil Kumar, is a technology service provider in the account aggregator
ecosystem, enabling users to securely share their financial data with banks and other financial institutions.
API is the acronym for Application Programming Interface, which is a software intermediary that allows two
applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the
weather on your phone, you're using an API.
Railways gets $245-mn World Bank loan to cut logistics project's emissions
 The World Bank approved a $245-million loan for the rail logistics project to help reduce India’s
high carbon emissions and low modal freight share in the railways.
 The project will help India shift more traffic from road to rail, making transport — both freight and
passenger — more efficient, and reduce millions of tonnes of greenhouse gas emissions each year.
The project will also incentivise more private sector investment in the sector.
 The loan, financed through the International Bank for Reconstruction and Development, has a maturity
of 22 years, including a grace period of seven years.
 The amount is the fourth and final tranche of payment for the Eastern Dedicated Freight Corridor, which
is being partly funded by the World Bank.
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World Bank Headquarters: Washington, D.C., US President: R. Malpass
Indian Railways is a statutory body under the ownership of Ministry of Railways, Government of India that operates
India's national railway system. It manages the fourth largest national railway system in the world by size, with a total
route length of 67,956 km as of 31 March 2022.
Founded: 1836 Headquarters: New Delhi
Flipkart Group commits to achieving net zero carbon emissions by 2040
 E-commerce major Flipkart Group has committed to achieving net-zero carbon emissions target in
its own operations by 2030 and the larger value chain by 2040.
 As part of this pledge, the Flipkart Group would take measures in its own operations to reduce 100 per
cent emissions by 2030 by increasing energy efficiency at its corporate office, and supply chain facilities
and powering its energy needs through renewable sources, such as solar.
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Flipkart Headquarters: Bengaluru CEO: Kalyan Krishnamurthy
ONGC Videsh announces new discovery in Colombia

Monthly BeePedia
June 2022
 ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas
Corporation Ltd. (ONGC), the National Oil Company of India, has made an oil discovery in the recently
drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia.
 Urraca-1X was spudded on 20th April 2022 and drilled to target depth (TD) of 10956 ft., encountering
17 ft thick oil-bearing sands at a depth from 10201ft -10218 ft.
 During initial testing with Electrical Submersible Pump (ESP), fluid flowed @ approx. 600 bbl./day with
around 40-50% W/C and oil of 16oAPI.
 Block CPO-5 was awarded to ONGC Videsh Limited in the 2008 bid round of Colombia. ONGC Videsh
holds 70% participating interest (PI) in the block along with operatorship, remaining 30% is held by
partner Geopark.
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ONGC Videsh Headquarters: New Delhi Founded: 1965
Intel Unveils New Design & Engineering Centre in India
 Intel, the world’s largest maker of computer processors, is expanding its design and engineering
footprint in the country.
 Intel India unveiled a centre in Bengaluru with 453,000 square feet spread over two towers, which
can accommodate 2,000 employees.
 It will help advance cutting-edge design and engineering work in clients, data centres, graphics, artificial
intelligence, automotive segments and IoT (Internet of Things), where devices communicate with each
other intelligently.
 The centre features facilities including IoT-based systems like desk-booking platforms, an interactive
kiosk for occupancy status and floor layouts, and real-time room occupancy indicators.
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Intel Headquarters: California, US CEO: Patrick P. Gelsinger
Puducherry and Punjab have the highest GST revenue shortfall
 The implementation of Goods and Services Tax (GST) has been a boon for most north-eastern states,
such as Arunachal Pradesh, Mizoram, Manipur, and Sikkim, with GST revenue collections higher
than the guaranteed annual 14 per cent increase in states’ GST revenue by the Centre.
 However, states like Puducherry, Punjab, Nagaland, and Uttarakhand have the highest revenue
shortfall, which is met by GST compensation cess that is coming to an end on June 30.
 The revenue shortfall of all the states have narrowed from FY21 level to FY22 level.
 At the national level, the GST revenue shortfall has narrowed to 27.2 per cent in FY22 from 37.9 per
cent in FY21.
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GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-
stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT,
excise duty, service taxes, etc.
ESIC scheme adds 1.26 million new members in April
 Around 12.67 lakh new members joined the ESIC-run social security scheme in April 2022.

Monthly BeePedia
June 2022
 The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - April 2022
-- released by the National Statistical Office (NSO).
 It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose
to 1.49 crore in 2021-22 from 1.15 crore in 2020-21.
 The report said gross new enrolments payroll data of new subscribers of various social security
schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund
Regulatory and Development Authority (PFRDA) with ESIC from September 2017 to April 2022 were
6.61 crore.
 According to the report, net new enrolments with retirement fund body EPFO stood at 17.07 lakh in
April 2022.
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Employees' State Headquarters: New Delhi Director General: Anuradha Prasad
Insurance
EPFO is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952
and is under the administrative control of the Ministry of Labour and Employment
EPFO Headquarters: New Delhi Central PF Commissioner: Sunil Barthwal
The National Statistics Office (NSO) consists of the Central Statistics Office (CSO) and National Sample Survey Office
(NSSO). CSO is an attached Office and NSSO is subordinate Office under the control of Ministry of S&PI.
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PFRDA Headquarters: New Delhi Agency executive: Supratim
Bandyopadhyay (Chairperson)
GDP to grow at 7.2%: Nomura
 Nomura has forecast India’s GDP to grow at 7.2% in 2022, before moderating to 5.4% in 2023.
 The research firm said the prolonged mild recession in the US can lead to a slowdown in India, which
has been recovering to a pre-pandemic level.
 Nomura released its Nomura India Normalization Index to track the growth of various sectors in India.
According to the index, the service sector is above 40 percentage points (PP) as compared to the
pre-pandemic level. The country is seeing a broad-based improvement across almost all the sectors
including consumption, investment, industry and the external sector.
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Nomura Headquarters: Tokyo, Japan CEO: Kentaro Okuda
Gross domestic product (GDP) is the standard measure of the value added created through the production of
goods and services in a country during a certain period. As such, it also measures the income earned from that
production, or the total amount spent on final goods and services (less imports).
Zomato seals Blinkit deal with Rs 4,447-crore share swap
 The board of directors of online food delivery major Zomato approved the acquisition of Blinkit
(formerly Grofers) for a total purchase consideration of Rs 4,447.48 crore in a share-swap deal.
 This acquisition is in line with the strategy of investing in the quick commerce business.
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Blinkit Headquarters: Gurgaon Founders: Albinder Dhindsa, Saurabh Kumar

Monthly BeePedia
June 2022
Zomato Headquarters: Gurgaon, Haryana, India Founders: Deepinder Goyal; Pankaj Chaddah
HCL Technologies Launches streamlined delivery Centre in Vancouver
 HCL Technologies (HCL), a leading global technology company, recently announced the opening of
its new delivery center in Vancouver, Canada.
 The new center will significantly expand its presence in the country to serve clients primarily in the
HiTech industry. The new, nearly 9,000 squarefoot facility will be a state of the art center enabling faster
and streamlined delivery of innovative technology services.
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HCL Headquarters: Noida MD: Shiv Nadar
Nitin Gadkari approves draft of Bharat-NCAP car safety rating system
 Union Road Transport and Highways Minister Nitin Gadkari approved the draft notification
introducing Bharat NCAP (New Car Assessment Programme) for Indian cars, which will be accorded
“star ratings” based on their performance in crash tests and on other safety parameters once the rule is
finalised.
 This will be the first for India’s car market, which does not have safety ratings.
 The BNCAP’s draft, which has 197 pages, heavily borrows from the Global New Car Assessment
Programme (GNCAP). The GNCAP has been testing cars for the Indian market since 2014 under its
“Safer Cars for India” programme. The programme aims to promote the sale of safer cars in developing
markets by empowering consumers with information about the safety of vehicles
Lenders extends timeline for Reliance Capital resolution till November
 Lenders of debt-ridden Reliance Capital Ltd (RCL) decided to extend the resolution process
timeline by another two months to November 2 as there has been a tepid response from bidders for
its acquisition.
 The timeline was already extended once by 90 days -- from June 3 to September 2, 2022. This is the
second extension granted by the Committee of Creditors (CoC) for the completion of RCL's resolution
process.
Reliance Capital Ltd (RCL) resolution: The RBI had on November 2021 superseded the board of
Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues. The RBI appointed
Nageswara Rao Y as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP)
of the company.
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Reliance Capital Ltd Headquarters: Santacruz, Mumbai CEO: Jai Anmol Ambani
Committee of Creditors (CoC) is a group of people who represent a company's creditors in a bankruptcy
proceeding. As such, a creditors' committee has broad rights and responsibilities, including devising a reorganization
plan for bankrupt companies or deciding whether they should be liquidated. The creditors' committee is usually further
divided between secured and unsecured creditors.

Monthly BeePedia
June 2022
Centre extends GST cess till March 2026
 The Centre has extended the GST Compensation Cess till March 31, 2026.
 The extension, which was earlier approved by the GST Council, is necessary to repay the principal and
service the interest cost of the loans taken in FY21 and FY22 to compensate states for the shortfall in
guaranteed GST revenues.
 The GST Compensation to States Act provides for the release of compensation against 14% year-on-
year growth over revenues in 2015-16 from taxes subsumed in GST. This compensation cess is credited
to the compensation fund and as per the Act, all compensation is paid out of the fund. Currently, the
cess is levied on demerit items like pan masala, tobacco, coal and expensive cars.
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GST Compensation Cess is levied by the Goods and Services Tax (Compensation to States) Act 2017. The object
of levying this cess is to compensate the states for the loss of revenue arising due to the implementation of GST on
1st July 2017 for a period of five years or such period as recommended by the GST Council.
Centre allocates Rs 404 crore to Tamil Nadu for medical infrastructure advancement
 Union Minister for Health and Family Welfare Dr Mansukh Mandaviya during his two-day visit to Tamil
Nadu (TN) and Puducherry, visited the Tamil Nadu Government Multi Super Speciality Hospital in
Chennai.
 Dr Mandaviya informed that the Central Government has allocated more than Rs 2600 crore for the
health of Tamil Nadu under National Health Mission and Rs 404 crore for medical infrastructure
advancement under the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission.
 Dr Mandaviya also virtually laid the foundation stone of CGHS Wellness Centre and Lab at Avadi.
Moody's upgrades Tata Steel's outlook to 'positive' from 'stable'
 Moody's changed Tata Steel Ltd’s outlook to 'positive' from 'stable'.

 The rating agency also affirmed Tata Steel's Ba1 corporate family rating (CFR).
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Moody's Investors Service, is the bond credit rating business of Moody's Corporation. Moody's Investors Service
provides international financial research on bonds issued by commercial and government entities.
CEO: Raymond W. McDaniel Jr. Headquarters: New York, United States
Moody’s revises JSW, Tata Steel outlooks
 Moody’s Investors Service has changed JSW Steel’s ratings outlook to stable from positive, and
vice versa on Tata Steel.
 While a stable outlook indicates a low likelihood of a rating change over the medium term, a positive
one indicates a higher likelihood of a rating change over the same period.
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JSW Steel Headquarters: Mumbai Founder: Sajjan Jindal
Fitch Ratings affirms 'BBB-' rating to GAIL India, outlook stable

Monthly BeePedia
June 2022
 Fitch Ratings has affirmed a 'BBB-' rating to gas utility GAIL (India) Ltd, with a stable outlook.
 The government owns 51.52 per cent in GAIL.
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Fitch Ratings Headquarters: New York, United States CEO: Paul Taylor
GAIL (India) Headquarters: New Delhi CEO: Manoj Jain
China provides $2.5-bn loan to Pakistan to boost its forex reserves
 China has again rushed to bail out Pakistan by providing USD 2.5 billion in assistance to prop up
the fast-depleting foreign exchange reserves of Pakistan.
 China's latest assistance is in addition to Beijing rolling over USD 4.5 billion debt due to be paid by
Islamabad in March this year and USD 2.5 billion given in 2019 to boost the sagging foreign exchange
reserves of Pakistan.
 Pakistan is the second country in the sub-continent after Sri Lanka to face a serious economic crisis
notwithstanding massive Chinese investments and loans.
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About Pakistan Capital: Islamabad Currency: Pakistani rupee
About China Capital: Beijing Currency: Renminbi
Cert-In extends deadline for VPN cybersecurity norms till Sept 25
 India’s Computer Emergency Response Team (CERT-In) has extended until September 25 the
deadline to comply with its cyber security norms for Virtual Private Network (VPN) and cloud
services.
 September 25 is the new compliance date for micro, small and medium enterprises (MSMEs). Other
businesses, which don’t provide VPN or cloud services, will have to comply with the earlier deadline of
June 27.
 The September 25 extension will enable the industry to build the capacity required for the
implementation of the cyber security directions.
 CERT-In directions, released in April, mandate service providers to keep records of every information
and communication technology transaction for a minimum of 180 days. They require service providers
to maintain the personal information of subscribers for five years or longer, as can be demanded by
CERT-In in case of a cybersecurity incident.
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The Indian Computer Emergency Response Team (CERT-In) is an office within the Ministry of Electronics and
Information Technology. It is the nodal agency to deal with cyber security threats like hacking and phishing.
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex
executive body for the formulation and administration of rules, regulations and laws relating to micro, small and
medium enterprises in India. The Minister of Micro, Small and Medium Enterprises is Narayan Rane.
Ruchi Soya Industries renamed Patanjali Foods
 The name of Ruchi Soya Industries stands changed to Patanjali Foods with effect from June 24.

Monthly BeePedia
June 2022
 The firm has also received the certificate of incorporation from the Ministry of Corporate Affairs.
 In May, Ruchi Soya Industries announced the acquisition of Patanjali Ayurved's entire food business for
Rs 690 crore, in order to accelerate its transition into an FMCG company. The acquired food business
consists of 21 products. The board of Patanjali Ayurved had also approved the transfer its food business
to Ruchi Soya.
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Ruchi Soya Industries Headquarters: Madhya Pradesh CEO: Sanjeev Asthana
Patanjali Foods Headquarters: Haridwar CEO: Balakrishna
Akash Ambani takes up reins of Reliance Jio Infocomm
 In a move that signals the succession of the third generation of the Ambani family, Mukesh Ambani
has stepped down as the director of Reliance Jio Infocomm (RJIL), handing over the reins to son
Akash, who will take over as the chairman of the firm.
 The board of Reliance Jio Infocomm approved the appointment of Akash Ambani, non-executive
director, as chairman.
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Reliance Jio Infocomm Headquarters: Navi Mumbai, Maharashtra Chairman: Akash Ambani
Telangana gets world’s largest innovation campus for start-ups at T-Hub
 India's leading innovation and start-up catalyst T-Hub inaugurated the world's largest innovation
campus in Hyderabad with an aim to support over 2,000 start-ups.
 The innovation campus is T-shaped, with a total built-up area of 5,82,689 square feet and 10 floors,
making it the world's largest (the second largest being 'Station F' based in France).
 The innovation campus will act as a robust platform to elevate the stature of India’s innovation
ecosystem globally. T-Hub will further empower the thriving start-up ecosystem and support the
entrepreneurs in their growth journey.
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T-Hub is an innovation intermediary and business incubator based in Hyderabad, Telangana. Based on the triple
helix model of innovation, it is a partnership between the Government of Telangana, three academic institutes in
Hyderabad and the private sector.
T-Hub Headquarters: Hyderabad CEO: Ravi Narayan
GST council clears proposal to remove tax exemptions on some items
 The GST Council approved changes in tax rates on some goods and services while allowing states
to issue an e-way bill for intra-state movement of gold and precious stones.
 The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts,
also cleared a host of compliance procedures for GST-registered businesses along with a GoM report
on high-risk tax payers to check evasion.
 In the meeting, the Council accepted the interim report of the group of state finance ministers, headed
by Karnataka Chief Minister Basavaraj S Bommai, on rate rationalisation, including correction of
inverted duty structure and removing tax exemption on some items, to simplify the rate
structure.

Monthly BeePedia
June 2022
o The GoM had suggested withdrawal of GST exemption on a host of services including on hotel
accommodation of less than Rs 1,000 per day and replacing it with a 12 per cent tax. It also
recommended a levy of 5 per cent GST on room rent (excluding ICU) charged for hospitalised
patients where the hospital room charges are above Rs 5,000 per day.
o It wanted all post office services other than postcards and inland letters, book post and
envelopes weighing less than 10 gm, to be taxed. Also, cheques, loose or in book form should
be taxed at 18 per cent.
o The GoM favoured withdrawal of exemption given to renting of residential dwellings by
businesses for residential use.
o With regard to e-way bill on intra-state movement of gold, jewellery and precious stones to
check evasion, the Council recommended that states can decide on the threshold above which
the electronic bill is to be made mandatory. A panel of state ministers had recommended the
threshold to be Rs 2 lakh and above.
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● GST council is a constitutional body for making recommendations to the Union and State Government on issues
● The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of
DoT Issues Spectrum Assignment Norms For Captive Private Network Licences
 The telecom department has issued rules for enterprises setting up Captive Non Public Network
(CNPN), stipulating a minimum net worth of Rs 100 crore for applicants seeking direct assignment
of spectrum from the government.
 The applicant must be an Indian company registered under the Companies Act, Department of Telecom
(DoT) said listing out the broad guidelines that would apply for CNPN licence, including rules for
enterprises setting up such networks.
 On the scope of the CNPN licence for enterprises, it said such a licencee may establish indoor/within
premise isolated captive non public network for own use within the areas of operation of licence.
 The CNPN licence cannot be used for providing commercial telecom services.
 It will be valid for 10 years, and can be renewed.
 The applicant will have to pay one time non-refundable application processing fee of Rs 50,000 and the
licencee will be required to follow stipulated network security norms regarding procement of telecom
equipment from trusted sources.
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The Department of Telecommunications, abbreviated to DoT, is a department of the Ministry of Communications of
the executive branch of the Government of India.
Headquarters New Delhi, India Minister responsible: Ashwini Vaishnaw
Punjab & Sind Bank launches a slew of products
 Punjab & Sind Bank, which celebrated its 115th foundation day on June 24, 2022, reported a net
profit of Rs 1,039 crore for FY 22.
 The bank has launched a special PSB Grih Lakshmi fixed deposit scheme, Nanhe Chaman Term
Deposit Scheme, PSB GST ease loan and pre-approved personal loans for salary
accountholders, pensioners and housing loan borrowers as well as other deposit schemes.

Monthly BeePedia
June 2022
 The bank was established in 1908 in Amritsar, and has played a significant role in shaping the banking
landscape of pre- and post-independent India.
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Punjab & Sind Bank Headquarters: Delhi MD & CEO: Swarup Kumar Saha
Zimbabwe central bank raises key rate to 200% amid rising inflation
 Zimbabwe’s central bank raised interest rates to a record and the government officially
reintroduced the US dollar as legal currency to rein in surging inflation and stabilize the nation’s
tumbling exchange rate.
 The monetary policy committee more than doubled the key rate to 200% from 80%. That brings the
cumulative increase this year to 14,000 basis points -- the most globally.
 Zimbabwe’s annual inflation rate jumped to 192% in June, the highest level in over a year, as food costs
more than tripled. The increase in prices has been spurred by a sharp depreciation in the Zimbabwe
dollar, which has lost more than two-thirds of its value against the dollar this year and is Africa’s worst-
performing currency.
GST Council Meet
 The Goods and Services Tax (GST) Council removed a host of tax exemptions and raised rates
for a larger number of mass-consumption items to remove anomalies and inversion. The decision
will take effect from July 18.
 A proposal to bring parity between online and offline traders for intra-state trade in GST registration
requirement will be effective from January 1, 2023.
o The Rs 40-lakh annual turnover threshold for goods and Rs 20 lakh for services, which
now apply to offline traders, will be applicable for e-tailers too. If the turnover is below the
threshold, 1% tax won’t be collected from them at source (TCS) and they won’t be required to
file returns.
o The GST Council meeting, approved to impose a 12% tax on hotel rooms costing below Rs
1,000 per day and a 5% levy without input tax credit on hospital rooms with rent above
Rs 5,000.
o To check the misuse of GST provisions, a host of unbranded prepackaged and labelled food
items will now attract 5% tax. These include curd, lassi, butter milk, paneer, honey, makhana,
wheat, rice, puffed rice, etc.
o The Council also approved that the service provided by an Indian tour operator to a foreign
resident for a tour partially in India and partially outside is to be subject to tax proportionate to
the tour conducted in India for such foreign tourist, subject to conditions that this concession
does not exceed half of tour duration.
o The Council has also decided to withdraw exemptions on cheque book and maps, which will
attract 18% and 12%, respectively.
o Similarly, goods related to petroleum/coal bed methane will attract 12% tax instead of 5% and
electronic waste to attract 18% instead of 5%. Services offered by financial regulators, including
the RBI, SEBI and IRDA, will mostly attract 18% tax from nil now.
o Similarly, the tax rate has been raised from 12% to 18% on aseptic packaging paper, including
Tetra Paks.

Monthly BeePedia
June 2022
o To correct the inverted duty structure, GST rate will be increased to 18% from 12% on a number
of items, including printing, writing or drawing ink, knives with cutting blades, blades, pencil
sharpeners, spoons, forks, skimmers, cake-servers, power-driven pumps, deep tube-well
turbine pumps, bicycle pumps, machines for cleaning, sorting or grading eggs and fruit and
milking machines and dairy machinery, LED lamps, LED lights, LED driver and composite
works contract supplied to government, local authorities.
o The GST rate will be raised to 18% from 5% on air-based atta chakki, machines for cleaning,
sorting or grading, seed, grain or dried leguminous vegetables; machinery used in milling
industry or for the working of cereals or dried leguminous vegetables other than farm type
machinery; wet grinder consisting of stone as grinder.
o The GST rate will also be raised to 12% from 5% on solar water heater and system,
Prepared/finished leather/chamois leather/composition leathers, composite works contract
supplied to government, local authorities involving earth work, processing of hides, skins and
leather, manufacture of leather goods or footwear, Manufacture of clay bricks.
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GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-
stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT,
excise duty, service taxes, etc.
GST council is a constitutional body for making recommendations to the Union and State Government on issues
● The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of
Tax Collected at Source (TCS) is a tax payable by a seller which he collects from the buyer at the time of sale of
goods. Section 206 of the Income Tax Act mentions the list of goods on which the seller should collect tax from
buyers.
Foundation stone laid of 9 NH projects worth Rs 1357 Crore in Rajasthan
 Nitin Gadkari, Union minister for road transport and highways, inaugurated and laid foundation
stone for nine national highways projects worth ₹1,357 crore in Rajasthan which will boost
connectivity and ease travelling in the region.
 The widening of Ninawa section from Sanchore on NH-168A in the state will boost granite industries of
Chalaur district and will make it easier for farmers to reach Suratgarh Mandi.
 The two-lane Sriganganagar to Raisinghnagar on NH-911 and the Sriganganagar reinforcement from
Suratgarh on NH-62 will make it easier to reach the international border and the military station on both
sides of the road, which will enhance India’s strategic strength.
15 companies selected under 2nd Round of PLI Scheme for White Goods
 A total of 15 applicants have been selected under the 2nd round of the Production-Linked Incentive
(PLI) scheme in White Goods with committed investment of Rs 1,368 crore.
 These include:
o 6 for manufacturing ACs components with committed investments of Rs 908 crore
o 9 for LED Lights components with committed investments of Rs 460 crore

Monthly BeePedia
June 2022
 These 15 companies will have total production worth Rs 25,583 crore over five years and generate
additional direct employment of 4,000 persons.
First Round: In the first round of applications, 46 applicants with committed investment of Rs 5,264 crore
were selected. Altogether, 61 applicants approved in both the Rounds are expected to bring investments
in component manufacturing eco-system of ACs and LED Lights industry to the tune of Rs 6,632 crore and
generate approx. 46,368 direct employment opportunities. The Scheme is expected to lead to total
production of components of ACs and LED Lights of about Rs 1,22,671 crore over five years.
PLI Scheme for White Goods (AC and LED lights): The Union Cabinet had given approval to the
Production-Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED lights) on 7th April
2021, to be implemented from FY 2021-22 to FY 2028-29 with an outlay of Rs 6,238 Crore.
The PLI Scheme on White Goods is designed to create complete component ecosystem for Air
Conditioners and LED Lights Industry in India and make India an integral part of the global supply chains.
The Scheme extends an incentive of 6% to 4% on reducing basis on incremental sales for a period of five
(5) years subsequent to the base year and one year of gestation period.
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● Production Linked Incentive Scheme (PLI) offers a production linked incentive to boost domestic manufacturing
and attract large investments in mobile phone manufacturing and specified electronic components
● The scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured
in India and covered under target segments, to eligible companies, for a period of 5 years
White goods, which are appliances such as refrigerators, ovens, freezers, and washing or drying machines.
Cabinet approves Deregulation of Sale of Domestically Produced Crude Oil
 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has
approved ‘Deregulation of Sale of Domestically Produced Crude Oil’, whereby Government has
decided to cease allocation of crude oil and condensate w.e.f. 01.10.2022.
 This will ensure marketing freedom for all Exploration and Production (E&P) operators. The
condition in the Production Sharing Contracts (PSCs) to sell crude oil to Government or its Nominee or
Government Companies shall accordingly be waived off. All E&P companies will now be free to sell
crude oil from their fields in domestic market.
 Government revenues like Royalty, cess, etc. will continue to be calculated on uniform basis across all
Contracts.
 Exports will not be permissible.
Ministry of Heavy Industries (MHI) and Ministry of Skill Development and Entrepreneurship (MSDE)
sign MoU to facilitate training in engineering trades to boost capital goods sector
 The Ministry of Heavy Industries (MHI) and the Ministry of Skill Development and
Entrepreneurship (MSDE) signed a Memorandum of Understanding (MoU) to create a
collaborative ecosystem for imparting skill development training in the capital goods sector.
 The partnership is aimed at facilitating training in several engineering trades through Qualification Packs
(QPs) developed by MHI related Sector Skill Councils (like Automotive, Infrastructure, Instrumentation

Monthly BeePedia
June 2022
and Capital Goods) under the Scheme for Enhancement of Competitiveness in the Capital Goods
Sector Phase II.
 Under the scheme, to cater for futuristic industrial requirements, a new component for promotion of
skilling in Capital Goods Sector through creation of Qualification Packs for Level 6 and above has been
introduced. Under the component, the Ministry is promoting skilling in the Capital Goods sector by
creation of Qualification packages (QPs) for skill levels 6 and above.
 Under this initiative, MHI shall provide 100% funding support to MHI Sector Skill Councils (SSCs) for
development of new Industry Led National Skills Qualifications Framework (NSQF) Level 6 and above
Qualification Packs (QPs). After the successful development of QPs, the MHI SSCs, with the help of
MSDE (Ministry of Skill Development and Entrepreneurship) and NSDC (National Skill Development
Corporation) shall deploy the developed QPs for up-skilling of existing manpower in industry. MHI shall
provide linkage between Industry associations and SSCs for imparting skilling to more than 70,000
individuals over a period of three years.
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The Ministry of Heavy Industries is an executive agency of the Government of India. The Ministry entails for
promoting the engineering industry viz. machine tools, heavy electrical, industrial machinery, and auto industry and
administration of 29 operating CPSEs and 4 autonomous organizations.
Ministry executives: Mahendra Nath Pandey, Minister of Heavy Industries
The Ministry of Skill Development and Entrepreneurship is a Ministry of Government of India set up on 9
November 2014 to coordinate all skill development efforts across the country. The ministry is headed by Union
Minister Dharmendra Pradhan.
Officeholder: Dharmendra Pradhan (Union Minister)
Japanese chip maker Renesas Electronics broadens tie-up with Tata group
 Renesas Electronics Corp, a global leader in advanced semiconductor solutions, has forged a
strategic partnership with Tata Group companies such as Tata Motors and Tejas Networks for the
design, development and manufacture of Renesas’ semiconductor solutions.
 The products are designed to enhance innovation across electronics systems for the Indian and
emerging markets.
 Renesas would also set up an innovation centre with Tata Consultancy Services (TCS) for
comprehensive systems solutions catering to a range of industries.
Learn Along
The Tata Group is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's
largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six
continents.
Headquarters: Mumbai Founder: Jamsetji Tata Founded: 1868, Mumbai
Renesas Electronics Corporation is a Japanese semiconductor manufacturer headquartered in Tokyo, Japan,

initially incorporated in 2002 as Renesas Technology, the consolidated entity of the semiconductor.
Headquarters: Koto City, Tokyo, Japan Founded: 1 November 2002 President and CEO: Hidetoshi Shibata

Monthly BeePedia
June 2022
SEBI and FINANCIAL AWARENESS
Religare Enterprises, Religare Finvest settle SEBI case; pay Rs 10.5 cr
 Religare Enterprises and Religare Finvest settled with SEBI a case pertaining to alleged financial
mismanagement and diversion of funds after collectively paying Rs 10.5 crore towards settlement fees.
Learn Along
SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch
SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulations, were
enacted in 1995 which empowers SEBI to investigate into violations committed by any person including an investor,
issuer or an intermediary associated with the securities markets.
SEBI levies Rs 10.9 cr fine on seven entities in Teledata Technology GDR manipulation case
 Capital markets regulator SEBI has imposed a penalty totalling Rs 10.9 crore on seven entities,
including Teledata Technology Solutions Ltd, in a case pertaining to irregularities in the issuance of
Global Depository Receipts (GDRs) of the company.
 Individually, SEBI levied a fine of Rs 10.1 crore on Teledata, Rs 20 lakh each on K Padmanabhan
and Arun Panchariya and Rs 10 lakh each on N Sakthivel, M S Ramakrishnan, R Ravichandran
and G Jagadish.
 SEBI said that Panchariya connived with the other six entities to structure the fraudulent issue of GDRs
wherein Teledata suffered a loss to the tune of USD 32.53 million.
Learn Along:
A global depositary receipt (GDR) is a certificate issued by a bank that represents shares in a foreign stock on two
or more global markets. GDRs typically trade on American stock exchanges as well as Eurozone or Asian exchanges.
SEBI levies Rs 57 lakh fine on six entities for facilitating front running activities
 SEBI has imposed penalties totalling Rs 57 lakh on 6 entities for indulging in front-running in the
trades of Sterling Group.
 In two separate orders, SEBI penalised — Manish Chaturvedi, Laxmi Chaturvedi, Manohar
Chaturvedi, Madhu Chanda, Anandilal Chanda and Anandilal Chanda HUF.
Learn Along
Front-running, which involves dealing in stocks based on insider knowledge of a future transaction, is considered
one of the most serious offences by the SEBI.
SEBI strengthens Investor Grievance Redressal Mechanism
 The Securities and Exchange Board of India has further strengthened the Investor Grievance
Redressal Mechanism (IGRC), based on feedback received from market participants.
 The new mechanism will come into effect from July 1.
 For any dispute between the member and the client relating to or arising out of the transactions in Stock
Exchange, which is of civil nature, the complainant/ member shall first refer the complaint to the IGRC

Monthly BeePedia
June 2022
and/ or to arbitration mechanism provided by the Stock Exchange before resorting to other remedies
available under any other law.
 A complainant/member, who is not satisfied with the recommendation of the IGRC shall avail the
arbitration mechanism of the Stock Exchange for settlement of complaints within three months from the
date of IGRC recommendation.
 The arbitration application received without going through the IGRC mechanism, the time period of three
months will not apply, and for such cases, the limitation period for filing arbitration will be governed by
the law of limitation i.e., The Limitation Act, 1963.
Principal AMC ceases to exist as an Mutual Fund: SEBI
 Capital markets regulator SEBI announced that Principal Mutual Fund (Principal AMC) will cease to
exist as a mutual fund from June 2.
 The AMC had informed the markets regulator that it wants to surrender the registration granted by the
regulator.
 In January 2021, Principal AMC, managing assets worth more than 9,500 crore, was acquired by
Sundaram Mutual Fund for 338.53 crore for 100% of the share capital of the AMC, Principal Trustee
Company, and Principal Retirement Advisors. The schemes managed by Principal Asset Management
will be acquired by Sundaram MF.
 Further, all investors and distributors of Principal India schemes will become investors/distributors of
Sundaram MF.
Learn Along
through different investments including stocks, bonds, real estate, master limited partnerships, and more.
SAT quashes SEBI order on ICEX recognition
 The Securities Appellate Tribunal (SAT) quashed an order passed by market regulator Securities
and Exchange Board of India (SEBI) withdrawing permanent recognition to the Indian Commodity
Exchange (ICEX).
 The tribunal held that the exchange should be given another chance to revive.
SEBI’s order: In May 2022, SEBI had passed an order withdrawing the recognition accorded to the ICEX
after it fell short of the Rs 100-crore minimum networth criterion for exchanges. SEBI had also
pointed out that the exchange did not address various infrastructure issues. The ICEX had requested
some concessions from SEBI on the ground that it was operating on thin budgets, so it did not have the
financial power to address some of the key issues pointed out.
SAT’s Mercy: SAT has given the ICEX one year to bring in the required funds and meet the SEBI
norms. However, until the networth criterion is met, the ICEX has been asked to keep its trading
operations, which it voluntarily discontinued in March 2022, closed. SAT added that if the ICEX managed
to find the capital before the end of the one-year deadline, it would make an application with SEBI for
resuming its trading operations, and asked SEBI to duly consider the request and pass appropriate orders.
Learn Along
Securities Appellate Tribunal was mainly established to hear an appeal against the order passed by the SEBI
(Securities and Exchange Board of India) or by an adjudicating officer under the SEBI Act.

Monthly BeePedia
June 2022
The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art,
commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby
providing a platform for price discovery and risk management. The Exchange, which started operations in November
2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).
SEBI forms advisory panel to hybrid securities to enable larger retail play
 Markets regulator SEBI has set up an advisory committee on hybrid securities, which will make
recommendations for giving a fillip to the growth of such instruments, including measures
focusing on ease of issuance and attracting domestic and global capital.
 The 20-member committee will be chaired by K V Kamath, Chairperson of National Bank for
Financing Infrastructure and Development.
 In addition, the committee comprises top level officials of infrastructure investment trusts (InvITs), real
estate investment trusts (REITs), finance as well as legal experts and representatives of SEBI.
 REITs and InvITs are classified as hybrid securities and they are relatively new investment instruments
in the Indian context but are extremely popular in global markets.
 The committee has been given the task of advising SEBI on issues related to development and
regulation of primary and secondary markets of hybrid securities in the country.
Learn Along:
A real estate investment trust (REIT) is a company that owns, operates or finances income-producing real estate.
REITs provide an investment opportunity, like a mutual fund, that makes it possible for inviduals benefit from valuable
real estate, present the opportunity to access dividend-based income and total returns, and help communities grow,
thrive, and revitalize.
An infrastructure investment trust (InvITs), simply put, is a pooled investment vehicle like a mutual fund. While
mutual funds invest the sum received in financial securities, an InvIT invests the same in real infrastructure assets
like roads, power plants, transmission lines, pipelines etc.
SEBI relaxes regulatory framework for AIFs targeting 'accredited investors'
 The Securities and Exchange Board of India (SEBI), relaxed the regulatory framework for
alternative investment funds (AIFs) targeting ‘accredited investors’ — those investors with annual
income of over Rs 2 crore or networth of at least Rs 7.5 crore.
 AIFs that are ‘large value funds for accredited investors’ have been exempted from filing their
placement memorandum by SEBI and merely have to intimate the regulator about the launch of
their scheme.
 Further, SEBI also relaxed the conditions for such funds which are close-ended in nature to extend their
tenure beyond two years, provided appropriate disclosures are made.
 SEBI also has directed all AIFs to designate an employee as compliance officer, who shall be a person
other than the CEO.
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Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately
pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for
investing it in accordance with a defined investment policy for the benefit of its investors. AIF has certain benefits
regarding the flexibility in structuring and operation which are not afforded to the other investment vehicles.

Monthly BeePedia
June 2022
SEBI gives UPI payment option to invest in public issues of REITs, InvITs
 Capital markets regulator SEBI provided an additional payment option of UPI or unified payments
interface mechanism to retail investors to apply in the public issue of REITs and InvITs for
application value up to Rs 5 lakh.
 The new framework, aimed at further streamlining the process, will be applicable to public issue of units
of Infrastructure Investment Trust (InvIT) and real estate investment trust (REIT), which opens from
August 1.
 The move is part of SEBI's effort to streamline the process of allotment and listing of units.
Learn Along
InvITs- InvITs or Infrastructure Investment Trust are instruments on the pattern of mutual funds and are designed to
pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time.
REITs- REITs or A real estate investment trust is a company that owns, and in most cases operates, income-
producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings
to warehouses, hospitals, shopping centers, hotels and commercial forests
Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation
of India. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions.
SEBI slaps Rs 12 cr penalty on Sahara group firms in OFCD issue matter
 Market regulator Securities Exchange Board of India (SEBI), slapped a penalty of Rs 12 crore on
Sahara India Real Estate Corporation (SIRECL), Sahara Housing Investment Corporation
(SHICL), Subrata Roy Sahara and a few others for violation of the SEBI Act.
 The matter pertains to the issue of optionally fully convertible debentures (OFCDs) to raise a
sizeable amount from the public in contravention of the provisions of the SEBI Act between 2008 and
2009.
Learn Along
The Optionally Fully Convertible Debenture is a kind of debenture which can be converted into shares at the expiry
of a certain period at a predetermined price, if the debt holder (investor) wishes to do so.
SEBI Penalises Coffee Day Enterprises, Coffee Day Trading For Disclosure Lapses
 Capital markets regulator SEBI imposed a penalty of Rs 1 lakh each on Coffee Day Enterprises and
Coffee Day Trading for failing to make requisite disclosures pertaining to pledged and unpledged
shares of Mindtree Ltd to the companies and stock exchanges.
 Coffee Day Enterprises Limited (CDEL) is a listed company and Coffee Day Trading Limited (CDTL) is
a subsidiary of CDEL.
 In its order, SEBI found that total 6,81,66,778 shares of Mindtree were pledged and 4,85,09,445 shares
were unpledged by CDEL and CDTL during the investigation period -- May 2015 to March 2018.
Learn Along
Coffee Day Enterprises Headquarters: India Founded: 1993
SEBI slaps heavy penalties in NSE 'dark fibre' case

Monthly BeePedia
June 2022
 The Securities and Exchange Board of India (SEBI) has slapped heavy penalties in a 2015 ‘dark
fibre’ case that saw certain brokers exploiting the National Stock Exchange’s (NSE’s) internet
infrastructure to get faster connectivity to its colocation (colo) facilities.
 The markets regulator has imposed a penalty of Rs 7 crore on NSE and Rs 5 crore on former
Managing Director and Chief Executive Officer (CEO) Chitra Ramkrishna.
 It has also levied a fine of Rs 5 crore each on former Group Operating Officer Anand Subramanian
and current Chief Business Development Officer Ravi Varanasi.
 Internet service provider Sampark Infotainment has been asked to pay Rs 3 crore. Online trading
firms Way2Wealth and GKN Securities, too, have been asked to cough up Rs 6 crore and Rs 5 crore,
respectively.
Learn Along
NSE Headquarters: Mumbai Chairman: Girish Chandra Chaturvedi
SEBI permits FPIs to deal in exchange-traded commodity derivatives

 The Securities and Exchange Board of India's (SEBI's) board allowed foreign portfolio investors
(FPIs) to trade in exchange-traded commodity derivatives.
 The move will enhance liquidity and market depth, as well as promote efficient price discovery.
 Overseas investors will only be allowed to deal in non-agricultural commodity derivatives and only cash-
settled contracts. The three broad non-agri commodities where derivatives contracts are available on
domestic bourses are bullion, energy, and base metals.
 The more sensitive agricultural commodities have been kept out of bounds to avoid unnecessary
volatility in them.
Learn Along
Foreign portfolio investment (FPI) refers to investing in the financial assets of a foreign country, such as stocks
or bonds available on an exchange.
E-scooter growth stagnates after meteoric rise; registrations fall over 24%
 Electric scooter registrations of eight companies which represent 95% of the market have seen a sharp
fall of over 24% in May.
 They have registered 32,680 electric scooters against 43,098 in April according to VAHAN data from
the Ministry of Road Transport and Highways available till the evening of 31 May 2022.
Firms join First Movers Coalition, CEOs to help reskill 1 bn: World Economic Forum
 More than 50 companies have now joined the First Movers Coalition, which was launched by US
President Joe Biden and the World Economic Forum at COP26 to decarbonise the heavy industry
and long-distance transport sectors — sectors responsible for 30% of global emissions.
 Their combined market cap is about $8.5 trillion across five continents and they are making
unprecedented advance purchase commitments by 2030.
 Some 70+ CEOs of the CEO Climate Leaders Alliance — the largest CEO-led climate action group
globally — agreed on taking bold action to translate pledges into tangible emission reductions.
 The Reskilling Revolution initiative, launched in 2020, has now mobilised a community of over 50 CEOs,
350 organisations and 15 countries, all working towards a vision of giving 1 billion people better
education, reskilling and upskilling.
Learn Along

Monthly BeePedia
June 2022
World Economic Forum Headquarters: Geneva, Switzerland Executive Chairman: Klaus Schwab
AMFI nod to MFs to resume subscription to overseas funds
 The Association of Mutual Funds in India (AMFI) clarified that AMCs (asset management
companies) may resume subscriptions and make investments in overseas funds and securities
up to the headroom available without breaching the overseas investment limit utilised by individual
mutual funds and AMCs as on February 1, 2022.
 The total utilisation of the overseas investment limits by each AMC or mutual fund shall remain capped
at the amount as on February 1, 2022 to ensure compliance with the SEBI directive.
Learn Along
AMFI Headquarters: Mumbai Founded: 1995
through different investments including stocks, bonds, real estate, master limited partnerships, and more.
PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
 Multiplex operators PVR and Inox have approval from the Securities and Exchange Board of India
(SEBI) for their merger, clearing an important step in the regulatory process.
 The two companies had announced a merger to create India’s largest multiplex chain with a network
of more than 1,500 screens.
 As per the agreement, Inox would merge with PVR in a share swap ratio of 3 shares (of PVR) for
every 10 shares of Inox.
 PVR promoters will have a 10.62 per cent stake in the combined entity. Inox promoters will have a 16.66
per cent stake.
Learn Along
PVR Headquarters: Gurugram CEO: Ajay Bijli
Inox Headquarters: Mumbai CEO: Alok Tandon
NABARD & Agriculture

Kharif MSP hiked 4-9% for 2022-23 season
 The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi,
approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year.
 The government raised the minimum support price (MSP) of kharif crops for the 2022-23 crop
year (July-June) by around 4-9 per cent , a move aimed at encouraging farmers to bring more area
under cultivation and boost their income.
 The maximum hike has been given in sesamum at Rs 523 per quintal, while the lowest Rs 92 per
quintal is in case of maize. In percentage terms, the maximum increase is in soybean MSP at 9
per cent, while support price of bajra has been raised by 4 per cent for this year.
 Here are the increased MSPs:

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June 2022
1. The MSP of common grade variety of paddy has been increased to Rs 2,040 per quintal for
2022-23 crop year while the support price for 'A' grade variety of paddy has been increased to
Rs 2,060 per quintal.
2. Among commercial crops:
I. the MSP of cotton has been raised to Rs 6,080 for medium staple variety
II. MSP for long staple variety of cotton has been increased to Rs 6,380 per quintal.
3. In the pulses category:
I. the MSP of tur (arhar) has been increased to Rs 6,600 per quintal
II. moong has been raised to Rs 7,755 per quintal
III. MSP of urad has been increased to Rs 6,600 per quintal for 2022-23 crop year.
4. Among oilseeds:
I. MSP of soyabean is at Rs 4,300 per quintal
II. For sunflower seed, the support price has been raised to Rs 6,400 per quintal.
III. Groundnut support price has been increased to Rs 5,850 per quintal
IV. seasamum MSP has been increased to Rs 7,830 per quintal. Nigerseed MSP stands at
Rs 7,287 per quintal for 2022-23.
5. In coarse cereals:
I. the MSP of maize has been increased to Rs 1,962 per quintal
II. for ragi support price now is Rs 3,578 per quintal
III. In case of bajra, the MSP has been increased to 2,350 per quintal.
6. The MSP of jowar (hybrid) has been increased to Rs 2,970 per quintal in 2022-23, while for
jowar (maldani), support price has been increased to Rs 2,990 per quintal.
Learn Along
The minimum support price (MSP) is an agricultural product price, set by the Government of India to purchase
directly from the farmer. This is not enforceable by law. By definition, this rate is to safeguard the farmer to a
minimum profit for the harvest, if the open market has lesser price than the cost incurred.
The Kharif cropping season starts with the onset of the Indian subcontinent’s monsoon. Kharif crops are typically
sown at the beginning of the first monsoon rains. Harvesting season begins from the 3rd week of September to
October.
About Cabinet Committees:

There are eight Cabinet Committees:
Appointments Committee of the Cabinet
Cabinet Committee on Accommodation
Cabinet Committee on Economic Affairs
Cabinet Committee on Parliamentary Affairs
Cabinet Committee on Political Affairs
Cabinet Committee on Security
Cabinet Committee on Investment and Growth
Cabinet Committee on Employment & Skill Development
The Cabinet Committees are bodies set up by the Prime Minister himself or on the proposal of the Cabinet to reduce
the workload of the Cabinet. The Constitution makes no mention of them. However, the rules of business provide for
them. It consists of 3–8 members. The decisions of these committees are reviewable by the Cabinet and it is the cabinet
which has a final say in such matters.
Investment of Rs 7,243 Crore Done Under Fishery Scheme PMMSY and launch of PMMSY dashboard

Monthly BeePedia
June 2022
 Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry & Dairying launched the
PMMSY MIS dashboard on 7th June 2022.
 The investment of Rs 7,242.90 crore has been made in last two years under Padhan Mantri Matsya
Samapada Yojana (PMMSY).
 A Management Information System (MIS) dashboard for PMMSY has been put in place for
aggregating information on one platform. The dashboard aims at effective monitoring of PMMSY
activities and their progress in all participating states. It also helps strategically utilise the information
for informed decision making.
Learn Along
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a flagship scheme for focused and sustainable
development of fisheries sector with an estimated investment of ₹20,050 crores for implementation during a five-year
period beginning April 1, 2020 to March 2025 in all States/Union Territories, as a part of AatmaNirbhar Bharat
Package. Of this, an investment of about ₹12,340 crores is proposed for beneficiary-oriented activities in Marine,
Inland fisheries and Aquaculture and about ₹7,710 crores is for fisheries infrastructure.
PMMSY Ministry: Ministry of Fisheries, Animal Launch Year: 2020
Husbandry & Dairying
FCI to supply 17.5 MT fortified rice to 291 districts under PDS in FY23
 The Food Corporation of India (FCI) will distribute 17.5 million tonne (MT) of fortified rice under the
public distribution system (PDS) in 291 districts in the current fiscal.
 To reduce anemia and micro-nutrient deficiency among large sections of population, the government
has decided to cover aspirational and high-burden districts ranked as per the health and socio-economic
indicators developed by NITI Aayog in providing fortified rice through PDS in 2022-23.
 In the first phase of the programme 1.7 MT of rice enriched with micronutrients such as iron, folic acid
and vitamin B12 was distributed to beneficiaries under Integrated Child Development Services and
Pradhan Mantri Poshan (PM Poshan).
 Annual estimated cost of Rs 2,700 crore is anticipated for the fortified rice programme under NFSA by
2024. The extra outlay would be part of the central government’s food subsidy budget.
Learn Along
Under the pilot scheme on ‘fortification of rice and its distribution under PDS’ launched in 2019-20, 11 states —
Andhra Pradesh, Gujarat, Maharashtra, Tamil Nadu, Chhattisgarh, Uttar Pradesh, Odisha, Telangana, Madhya
Pradesh, Uttarakhand and Jharkhand — have reported distribution of fortified rice in their identified districts.
Fortification of rice helps increase vitamin and mineral content in diets and helps achieve nutritional security. The
government annually spends more than Rs 2 trillion for implementing NFSA.
The Public distribution system (PDS) is an Indian food Security System established under the Ministry of
Consumer Affairs, Food, and Public Distribution. PDS evolved as a system of management of scarcity through
distribution of food grains at affordable prices. PDS is operated under the joint responsibility of the Central and the
State Governments. The Central Government, through Food Corporation of India (FCI), has assumed the
responsibility for procurement, storage, transportation and bulk allocation of food grains to the State Governments.
The Food Corporation of India is a statutory body created and run by the Government of India. It is under the
ownership of Ministry of Consumer Affairs, Food and Public Distribution, Government of India formed by the enactment
of Food Corporation Act, 1964 by the Parliament of India.
Headquarters: New Delhi Founded: 14 January 1965 Number of locations: 5 (Zonal Offices)
NITI Aayog Headquarters: New Delhi Chairman: Narendra Modi

Monthly BeePedia
June 2022
ALL-INDIA CONSUMER PRICE INDEX NUMBERS FOR AGRICULTURAL AND RURAL LABOURERS
– MAY, 2022
 The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers
(Base: 1986-87=100) for the month of May, 2022 increased by 11 points & 12 points to stand at 1119
(One thousand one hundred and nineteen) and 1131 (One thousand one hundred and thirty one) points
respectively.
 The major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers
came from food group to the extent of 7.44 & 7.65 points respectively mainly due to increase in prices
of rice, wheat-atta, jowar, bajra, milk, meat-goat, fish fresh/dry, chillies dry, mixed spices, vegetables &
fruits, etc.
 In case of Agricultural Labourers, it recorded an increase of 2 to 20 points in 20 States. Tamilnadu
with 1294 points topped the index table whereas Himachal Pradesh with 883 points stood at the
bottom.
 In case of Rural Labourers, it recorded an increase of 1 to 19 points in 20 States. Tamilnadu with
1281 points topped the index table whereas Himachal Pradesh with 934 points stood at the
bottom.
 Amongst states, the maximum increase in the Consumer Price Index Numbers for both
Agricultural and Rural Labourers was experienced by Kerala (20 & 19 points respectively) mainly
due to rise in the prices of rice, topioca, fish fresh/dry, chillies dry, vegetables & fruits, bus fare, etc.
 Point to point rate of inflation based on the CPI-AL and CPI-RL stood at 6.67% & 7.00% in May,
2022 compared to 6.44% & 6.67% respectively in April, 2022 and 2.94% and 3.12% respectively during
the corresponding month of the previous year.
 Similarly, Food inflation stood at 5.44% & 5.51% in May, 2022 compared to 5.29% & 5.35%
respectively in April, 2022 and 1.54% & 1.73% respectively during the corresponding month of the
previous year.
Learn Along
The Consumer Price Index measures the overall change in consumer prices over time based on a representative
basket of goods and services. The CPI It is the most widely used measure of inflation, closely followed by policymakers,
financial markets, businesses, and consumers.
In RMS 2022-23, 187.86 LMT wheat procured (upto 26.06.2022)
 Wheat procurement under the central pool in Rabi Marketing Season 2022-23 is going smoothly.
Upto 26.06.2022, a quantity of 187.86 LMT of wheat has been procured, benefiting about 17.85 Lakh
farmers with MSP value of Rs. 37, 852.88 crore.
 Paddy procurement under central pool is progressing smoothly in Kharif Marketing Season (KMS)
2021-22, in various procuring States/ UTs. Upto 26.06.2022, a quantity of 860.82 LMT of Paddy
includes Kharif Crop 755.60 LMT and Rabi Crop 105.22 LMT) has been procured, benefiting 125.36
Lakh farmers with MSP value of Rs.1,68,720.89 crore.
Learn Along
Rabi crops or rabi harvest, also known as winter crops, are agricultural crops that are sown in winter and harvested in
the spring in India, Pakistan and Bangladesh. The complimentary of the rabi crop is the kharif crop, which is grown after
the rabi and zaid crops are harvested one after another respectively.

Monthly BeePedia
June 2022
Kharif crops, also known as monsoon crops or autumn crops, are domesticated plants that are cultivated and harvested
in India, Pakistan and Bangladesh during the Indian subcontinent's monsoon season, which lasts from June to
November depending on the area.
Cabinet approves Computerization of Primary Agriculture Credit Societies (PACS)
 The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved
Computerization of Primary Agricultural Credit Societies (PACS) with the objective of increasing
efficiency of PACS, bringing transparency and accountability in their operations; facilitating PACS to
diversify their business and undertake multiple activities/ services.
 This project proposes computerization of about 63,000 functional PACS over a period of 5 years with a
total budget outlay of Rs. 2516 crore with Government of India share of Rs. 1528 crore.
Learn Along
The Primary Agricultural Cooperative credit societies (PACS) constitute the lowest tier of the three-tier Short-term
cooperative credit (STCC) in the country comprising of approx.13 Cr. farmers as its members, which is crucial for the
development of the rural economy.
NATIONAL
“Har Ghar Dastak 2.0” campaign
 To accelerate the pace and coverage of COVID19 vaccination across States and UTs “HarGharDastak
campaign 2.0” has commenced across the country and it will be implemented from 1st June 2022 to
31st July 2022.
 The objective of the ‘Har GharDastak2.0’ Abhiyan is to vaccinate and cover the eligible population
groups for first, second and precaution doses through door-to-door campaigns.
Learn Along:
About HarGharDastak campaign
launched : Nov 2021.
 The ‘HarGharDastak’ Teekakaran Abhiyaan has been inspired by the successful strategy of Mission Indradhanush
which included mobilization, awareness & vaccination activities for reaching out to all the missed out and dropped
out eligible beneficiaries of 1st & 2nd dose through House-to-House visit from 3rd Nov 2021 onwards.
India-Senegal sign MoUs for cultural exchange, cooperation in youth matters and visa free regime
for officials
 Recently India and Senegal signed three MoUs in Dakar on June 1, 2022, to further deepen their
bilateral partnership in various areas.
 The first MoU pertains to visa-free regime for Diplomatic and Official passport holders which would
strengthen cooperation between the two countries through seamless travel of officials/diplomats.
 Second agreement relates to renewal of Cultural Exchange Progarmme (CEP) for the period 2022-
26.
 Third MoU seeks to enhance bilateral cooperation in youth matters.
Learn Along
About Senegal Capital: Dakar Currency: West African CFA franc
POSOCO signs MoU with IMD

Monthly BeePedia
June 2022
 National grid operator POSOCO signed a memorandum of understanding with India Meteorological
Department (IMD) .
 Weather information provided by IMD will be used by the Power System Operators across the India for
better management of Indian Power System and for the purpose of analysis.
 IMD will make available current weather information every hour or at lesser intervals. It will provide
weather forecasts of temperature, humidity, wind speed, wind direction, rainfall up to next 36 hours
for the identified stations.
 It will also provide the snowfall forecast of hilly States and also along the route of important transmission
lines passing through hilly terrains. It will provide weather parameters forecast at Renewable Energy plant
locations.
 The last MoU between POSOCO and IMD was signed on 18 May 2015.
Learn Along:
About Power System Operation Corporation
 Power System Operation Corporation is a wholly owned Government of India Schedule A enterprise under the Union
Ministry of Power. It is responsible to ensure the integrated operation of the National Electricity Grid in a secure
manner. It consists of five Regional Load Despatch Centres (RLDCs) and the National Load Despatch Centre
(NLDC) under The Electricity Act, 2003.
About POSOCO
Founded: March 2009 Headquarters: New Delhi, India
India and Israel signed a ‘vision Statement’
 India and Israel signed a ‘vision Statement’ to deepen the long-standing defence cooperation.
 Both vountries marked 30 years of Israel-India relations and reiterated their commitment to deepening
defence ties.
Learn Along
About Israel Capital: Jerusalem Currency: Israeli Shekel
Operation Mahila Suraksha
 With the objective of women security, a pan India drive "Operation Mahila Suraksha" was launched
from 3rd to 31st May 2022 by Railway Protection Force (RPF) and frontline railway staff.
 With an objective of providing enhanced safety and security to lady passengers travelling by trains for
their entire journey a pan India initiative "Meri Saheli" is also operational.
Learn Along:
About Meri Saheli
‘Meri Saheli’ initiative was launched as Pilot Project by Railway Protection Force (RPF) across South Eastern Railway
for security of women passengers in trains originating in that zone. Considering its success in instilling a sense of
security among women passengers, this initiative has been rolled over to all zonal railways across Indian Railways’
network from 17.10.2020.
The future of meritorious students of scheduled castes will be nurtured by 'SHRESHTA'
 The Union Minister for Social Justice and Empowerment Virendra Kumar will launch the Scheme for
Residential Education For Students in High schools in Targeted Areas (SHRESHTA) on June 3, 2022.
 The scheme for Residential Education for Students in High Schools in Targeted Areas
(SHRESHTA) has been conceived to provide access to high quality residential education to the
meritorious poor students from Scheduled Caste communities, whose parental annual income is up to
Rs. 2.5 Lakh per annum, at free of cost from class 9th to class 12th.

Monthly BeePedia
June 2022
 Under this, each year a specified number of meritorious SC students (Approx 3000) in States / UTs are
selected through a transparent mechanism of a National Entrance Test for SHRESHTA (NETS) ,
conducted by the National Testing Agency ( NTA ) .
 Selected students are admitted in the Best Private Residential Schools, affiliated by CBSE, in classes
9th and 11th for completion of education till 12th standard.
 Thereafter, the students may be connected to Post Metric Scholarship Scheme or Top - Class Education
Scheme of the Ministry to continue their further studies with adequate financial aid from the Government
of India.
Release of Banda Singh Bahadur Martyrdom Monument Poster
 Minister of State for Culture Shri Arjun Ram Meghwal in an event organised by National Monuments
Authority(NMA) released ‘Banda Singh Bahadur Martyrdom Monument Poster’ in New Delhi.
 306th Banda Singh Bahadur Martyrdom Day is on 9th June .
Learn Along:
About Banda Singh Bahadur
 Baba Banda Singh Bahadur was a great warrior to defend India and defeat the Mughals. His original name was
Baba Madhav Das and he was a Bairagi Sadhu.Baba Banda Singh Bahadur aimed at National awakening and
Liberation of the country from the oppressive rule of the Mughals. Though Independence came to India much later,
yet it was Baba Banda Singh Bahadur who first taught the Indians to fight, conquer and establish their independent
rule.
 Baba Banda Singh Bahadur and his son Ajai Singh were martyred on 9 June, 1716 A.D. along with his other 18
companions near a gate en-route the tomb of so-called Sufi saint Qutub-ud-din Bakhtiar kaki at Mehrauli. The
butchers first killed his son Ajai Singh in his lap. But Banda Bahadur remained unmoved and sat in a composed
state. After that Baba Banda Singh Bahadur’s cruelly martyred. His glorious martyrdom validates Bhagat Kabir’s
rendition in Guru Granth Sahib.
‘eSanjeevani’ integrated with Ayushman Bharat Digital Mission (ABDM)
 The National Health Authority (NHA) announces the successful integration of eSanjeevani with its
flagship scheme – Ayushman Bharat Digital Mission (ABDM).
 This integration allows the existing users of eSanjeevani, the telemedicine service of Ministry of Health
and Family Welfare (MoHFW) to easily create their Ayushman Bharat Health Account (ABHA) and
use it to link and manage their existing health records like prescriptions, lab reports, etc
 The users would also be able to share their health records with doctors on eSanjeevani which will help
in better clinical decision making and ensuring the continuum of care.
Learn Along:
About ABDM
 It was launched in September 2021 by the Prime Minister through a video conference.
 It aims to provide digital health IDs for all Indian citizens to help hospitals, insurance firms, and citizens access health
records electronically when required.
 The pilot project of the Mission had been announced by the Prime Minister from the ramparts of the Red Fort on
15th August 2020.
 The project is being implemented in the pilot phase in six States & Union Territories.
 The National Health Authority (NHA) under the Ministry of Health and Family Welfare will be the implementing
Agency.
About eSanjeevani
 The scheme was started in November 2019.
 It is run by the Ministry of Health and Family Welfare.
 Also called the National Teleconsultation Service, it aims to provide healthcare services to patients in their homes.

Monthly BeePedia
June 2022
Tata Projects wins bid to build Jewar Airport
 Tata Projects will build the national capital region’s new airport at Jewar, after outbidding the Shapoorji
Pallonji Group and Larsen & Toubro for the contract.
 Tata Projects, the infrastructure and construction arm of the Tata group, will construct the terminal,
runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida
International Airport.
 The new airport is expected to be functional by 2024.
Learn Along:
About Jewar Airport
Noida International Airport is an international airport being constructed near the town of Jewar in Gautam Buddh Nagar,
Uttar Pradesh.Once completed, it is planned to be the country's largest airport. The Yamuna Expressway Industrial
Development Authority (YEIDA) will be the implementing agency on behalf of the Government of Uttar Pradesh. The
airport is to be developed through a public-private partnership model (PPP).
PM launches global initiative LiFE Movement
 Prime Minister Shri Narendra Modi launched a global initiative ‘Lifestyle for the Environment - LiFE
Movement’ via video conference.
 The launch will initiate ‘LiFE Global Call for Papers’ inviting ideas and suggestions from academics,
universities & research institutions etc to influence and persuade individuals, communities and
organisations across the world to adopt an environment-conscious lifestyle.
 The idea of LiFE was introduced by the Prime Minister during the 26th United Nations Climate
Change Conference of the Parties (COP26) in Glasgow last year.
 The idea promotes an environment-conscious lifestyle that focuses on 'mindful and deliberate utilisation'
instead of 'mindless and destructive consumption.
Union Minister Shri Bhagwant Khuba launches Pan-India Rooftop Solar Awareness Campaign
 Shri Bhagwant Khuba, Minister of State for New and Renewable Energy launched the Pan-India
Rooftop Solar Awareness Campaign in an event at Bidar.
 Rooftop Solar provides an opportunity to the common person to make his contribution towards Global
Warming & Climate Change.
 This campaign titled “GHAR KE UPAR SOLAR IS SUPER” shall aim at mobilizing local government,
citizens, RWAs, and Municipalities to spread awareness of Solar Rooftop.
 In this scheme farmers will be given 30% subsidy each by centre and state to install solar pumps.
Learn Along:
About Minister of State for New and Renewable Energy
Officeholders: R. K. Singh (Union Minister), Bhagwanth Khuba (Minister of State)
World’s first fishing cat census done in Chilika
 According to a census done by the Chilika Development Authority (CDA) in collaboration with the
Fishing Cat Project (TFCP) The Chilika Lake(Odisha), Asia’s largest brackish water lagoon, has 176
fishing cats.
 This is the world’s first population estimation of the fishing cat done outside the protected area
network.

Monthly BeePedia
June 2022
 Phase 1 of the estimation was conducted in 2021 in the 115 sq.km marshland in the north and north-
eastern section of Chilika and its surrounding areas. Phase 2 was conducted in 2022 in the Parikud side
along the coastal islands of Chilika.
Learn Along
About Odisha
Capital: Bhubaneswar CM: Naveen Patnaik Governor: Ganeshi Lal
About Lagoon
A lagoon is a shallow body of water separated from a larger body of water by a narrow landform, such as reefs, barrier
islands, barrier peninsulas, or isthmuses.
Shri Amit Shah to inaugurate the National Tribal Research Institute in New Delhi
 As a part of the Azadi Ka Amrit Mahotsav celebration by the Ministry of Tribal Affairs, the Minister of
Home Affairs and Cooperation, Shri Amit Shah will inaugurate the National Tribal Research Institute
on the 7th of June 2022 in New Delhi.
 The NTRI will be a premier national level institute and become the nerve-center of tribal concerns,
issues and matters in academic, executive and legislative fields.
 An exhibition showcasing the achievements of Tribal Affairs Ministry will be displayed.
 More than 100 tribal artisans and tribal dance troupes across country will show case their indigenous
products and performances.
Learn Along:
About Tribal Affairs Ministry Officeholder: Arjun Munda (Minister)
Minister of Civil Aviation launches National Air Sports Policy
 The Minister of Civil Aviation launched National Air Sport Policy 2022 (NASP 2022).
 Air sports encompasses various sports activities involving the medium of air like air-racing, aerobatics,
aero modeling, hang gliding, paragliding, para motoring and skydiving etc.
 Air Sports Federation of India (ASFI) is the apex governing body.
 The policy will cover the following air sports in India: -
o Aerobatics
o Aero modeling and model rocketry
o Amateur-built and experimental aircraft
o Ballooning
o Drones
o Gliding and powered gliding
o Hang gliding and powered hang gliding
o Parachuting (including skydiving, BASE jumping and wing suits etc.)
o Paragliding and para motoring (including powered parachute trikes etc.)
o Powered aircraft (including ultra light, micro light and light sports aircraft etc.)
o Rotorcraft (including autogyro)
 Key Objectives of NASP 2022:-
o Promote an air sports culture in the country
o Enable adoption of international good practices in safety including but not limited to, air sports
infrastructure, equipment, operations, maintenance and training
o Develop a simple, stakeholder-friendly and effective governance structure
o Enhance participation and success of Indian sportspersons in global air sports events; and
o Promote design, development and manufacturing of air sports equipment in India in line with the
Atmanirbhar Bharat Abhiyan.

Monthly BeePedia
June 2022
Learn Along:
About Civil Aviation Ministry Officeholder: Jyotiraditya Scindia (Minister)
Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad releases e-book “Pratidhwani”
 Union Minister of State (MoS) for Finance Dr. Bhagwat Kishanrao Karad released an e-book titled
“Pratidhwani” at an event organized by the Income Tax Department.
 Pratidhwani”, which translates to ‘resonance’, denotes the movement, reflection and multiplication of
sounds, ideas and communication.
 The e-book “Pratidhwani” showcases policy initiatives and changes in the Income Tax Department
and the growth of the nation through the lens of the Department’s outreach programmes during the
period 2000 to 2022.
‘Govt. scheme helped poor live with dignity’
 According to an independent study,The Pradhan Mantri Garib Kalyan Yojana (PMGKY) has reduced
the probability of people consuming less food by 76% and cutting down on the usage of utilities by
75%.
 Assistance under the PMGKY reduced the probability of borrowing money for 67% of all the
respondents.
 Health expenditure
 a study by an Indian School of Business professor linked the Ayushman Bharat scheme with a 21%
decline in out-of-pocket health expenditure and an 8% fall in the tendency to borrow for
emergency health purposes among poor households.
 According to another study on the Emergency Credit Liquidity Guarantee Scheme (ECLGS),loans
sanctioned have crossed ₹3.19 lakh crore as of March 2022.
Learn Along:
About PMGKY
Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) is a scheme launched by the Narendra Modi led Government
of India in December 2016 on the lines of the Income declaration scheme, 2016 (IDS) launched earlier in the year.
About ECLGS
The Emergency Credit Liquidity Guarantee Scheme was launched by Government of India as a special scheme
in view of COVID-19 crisis. To provide 100% guarantee coverage to Banks and NBFCs to enable them to extend
emergency credit facilities to Business Enterprises / MSMEs in view of COVID-19 to meet their additional term
loan/additional working capital requirements.
NHAI’s road-laying feat enters Guinness
 The National Highway Authority of India has entered the Guinness World Records for the longest
continuously laid bituminous lane of 75 km in 105 hours and 33 minutes on the National Highway
between Amravati and Akola districts in Maharashtra.
 The total length of the 75 km of single lane continuous bituminous concrete road is equivalent to 37.5
km of a two-lane paved shoulder road and the work started on June 3 and was completed on June
7.
 The previous Guinness World Record for the longest continuously laid bituminous was for building
25.275 km of road that was achieved in Doha, Qatar, in February 2019 and that task was completed
in 10 days.

Monthly BeePedia
June 2022
Learn Along:
About NHAI
Founded: 1988 Headquarters: New Delhi Chairperson:Alka Upadhyaya
About Qatar Capital: Doha Currency: Qatari Riyal
NCPCR launches “CiSS application”
 The National Commission for the Protection of Child Rights (NCPCR) has launched a “CiSS
application” under the Baal Swaraj portal to help in the rehabilitation process of Children in Street
Situations (CiSS).
 The portal has two functions- COVID care and CiSS.
 This portal, developed by, NCPCR is a first-of-its-kind initiative in India to help children in street
situations.
Learn Along:
About Bal Swaraj
 Baal Swaraj is a portal launched by NCPCR for online tracking and digital real-time monitoring mechanism of
children in need of care and protection.
About NCPCR Founded: March 2007 Headquarters: New Delhi, India
Cabinet approves MoU signed between SNBNCBS and IFW in the Novel Magnetic and Topological
Quantum Materials
 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi signed a Memorandum of
Understanding (MoU) between S. N. Bose National Centre for Basic Sciences (SNBNCBS), Kolkata,
India and Leibniz-Institut fur Festkorper- und Werkstoffforschung Dresden e.V. (IFW Dresden e.V.),
Dresden, Germany intended to scientific cooperation in the field of "Novel Magnetic and
Topological Quantum Materials".
 The goal of this joint venture will be to foster Indo-German collaboration, provide opportunities and
facilitate the advancement of knowledge in the area of magnetic and topological quantum materials.
Learn Along:
About SNBNCBS:
 S. N. Bose National Centre for Basic Sciences (SNBNCBS) is an Autonomous Research Institute established
under the Department of Science and Technology, Government of India in 1986 as a Registered Society. The
Centre was established to honour the life and work of Professor S. N. Bose who was a colossal figure in theoretical
physics and has made some of the most fundamental conceptual contributions to the development of Quantum
Mechanics and Quantum Statistics.The Centre is also a major hub of advanced manpower training and linkage in
this crucial area of Science and Technology.
About IFW:
 IFW is a non-university research institute and a member of the Leibniz Association. IFW Dresden is concerned
with modern materials science and combines explorative research in physics, chemistry and materials science
with the technological development of new materials and products.
About Germany
Capital: Berlin Currency: Euro Chancellor: Olaf Scholz

Monthly BeePedia
June 2022
Cabinet approves Memorandum of Understanding (MoU) for joint research on air quality and climate
change
 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi signrd a Memorandum of
Understanding (MoU) to establish collaborative guidelines between the National Institute for
Environmental Studies, Japan and Aryabhatta Research Institute of Observational Sciences
(ARIES), India so as to carry out and implement joint research on air quality and climate change.
 The following are some of the possible activities: -
o Joint use and operation of scientific instruments
o Exchange of scientific and technical information on observing methods
o Joint analysis of observational data and making scientific reports
o Joint educational and research activities.
o Exchange of visiting scholars, including PhD students for the purpose of conducting research.
o Joint scientific workshops and/or seminars
Learn Along:
About ARIES:
 Aryabhatta Research Institute of Observational Sciences (ARIES) is an Autonomous Research Institute
established under the Department of Science and Technology, Government of India. ARIES is a centre of
excellence for research in Astronomy & Astrophysics and Atmospheric Sciences. It carries out research on air
pollution and climate change on earth, formation and evolution of sun, stars and galaxies.
About NIES:
The National Institute for Environmental Studies (NIES) is Japan's only research institute that undertakes a broad
range of environmental research in an interdisciplinary and comprehensive manner. NIES works to produce scientific
findings on environmental protection.
Election to the Office of President of India, 2022 (16th Presidential Election)
 The Election Commission announced that the Presidential election would be held on July 18 and
counting of votes would be held on July 21
 The term of office of Shri Ram Nath Kovind, President of India, is ending on 24th July, 2022.
 As per Article 62 of the Constitution of India, an election to fill the vacancy caused by the expiration of
the term of office of the outgoing President is required to be completed before the expiration of the
term.
Learn Along:
About Election Commission
 Article 324 of the Constitution read with the Presidential and Vice-Presidential Elections Act, 1952, and the
Presidential and Vice – Presidential Elections Rules, 1974 vests the superintendence, direction and control of the
conduct of election to the office of the President of India in the Election Commission of India.
Formed: 25 January 1950 First executive: Sukumar Sen

Preceding executive: Sunil Arora Current executive: Sushil Chandra
Rashtriya Puruskar Portal launched
 For inviting nominations for various awards, a common Rashtriya Puruskar Portal has been
developed by the Government so as to bring together all the Awards of the various
Ministries/Departments/Agencies of the Government of India under one digital platform to ensure
transparency and public partnership.

Monthly BeePedia
June 2022
 This Portal aims to facilitate citizens to nominate individuals/organizations for various Awards
instituted by the Government of India.
 Several civilian awards have been instituted by various Ministries/Departments/Agencies of the
Government of India to recognize people who have excelled and made exceptional contribution in their
fields.
PM inaugurates headquarters of IN-SPACe
 The Prime Minister, Shri Narendra Modi inaugurated the headquarters of the Indian National Space
Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad.
 The programme also witnessed the exchange of MoUs between IN-SPACe and private sector
companies working in the field of space-based applications and services.
 The promotion and enabling of private entities in the space sector will provide a major fillip to the space
sector and open up new vistas of opportunity for India’s talented youth.
Learn Along:
About IN-SPACe
 The establishment of IN-SPACe was announced in June 2020.
 It is an autonomous and single window nodal agency in the Department of Space for the promotion,
encouragement and regulation of space activities of both government and private entities.
 It also facilitates the usage of ISRO facilities by private entities.
Chelonoidis phantasticus, a giant tortoise species discovered after a century
 A giant tortoise, found alive in 2019, has been confirmed to belong a Galápagos species long
believed extinct.
 Named Fernanda after her Fernandina Island home, the tortoise is the first of her species, Chelonoidis
phantasticus, to be identified in more than a century.
 Chelonoidis phantasticus means “fantastic giant tortoise”. Commonly called the Fernandina Island
Galápagos giant tortoise, the species was so far known only from a single individual, collected in 1906.
Learn Along:
About Ferbanda
 Fernanda was discovered in 2019, many ecologists doubted that she was actually a native phantasticus tortoise.
 She differed in appearance from the male historical specimen, although scientists speculated that her stunted
growth may have distorted her features.
 Although Fernanda was found on Fernandina Island itself, and although tortoises can’t swim from one island to
another, they can be carried from one Galápagos island to another during major storms. There are also historical
records of seafarers moving the tortoises between islands.
India to provide $55 mn economic support
 India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of
urea.
 An LOC agreement was signed between Sri Lanka and the Export-Import Bank of India at Colombo.
Learn Along:
 India has extended multi-pronged assistance to the people of Sri Lanka in the last few months.
 The support from India ranges from economic assistance of close to $3.5 billion to helping secure Sri Lanka's
food, health and energy security by supplying essential items like food, medicines, fuel, kerosene etc.

Monthly BeePedia
June 2022
About Sri Lanka Capital: Sri Jayawardenepura Kotte Currency: Sri Lankan rupee
Indian envoy hands over hospital to Tajik officials
 The Indian envoy to Tajikistan handed over a ‘friendship hospital’ to the Tajik authorities on June
11.
 The entire complement of medical equipment, medicines, including operation theatre, x-ray
machines, laboratories, critical care ambulances and vehicles were handed over to the Tajikistan.
Learn Along:
About Tajikistan Capital: Dushanbe Currency: Tajikistani somoni
Indian Envoy to Tajikistan: Mr. Viraj Singh
India-Russia deal on radio equipment
 Radio technical Systems (RTS) of Russia has signed a large-scale contract with the Airports
Authority of India (AAI) for the supply of radio equipment.
 The Russian company will manufacture 34 sets of instrument landing system (ILS) 734 for the
modernisation of 24 airports in India.
Learn Along:
About Russia Capital: Moscow Currency: Russian ruble
Indian Envoy to Russia: Shri Pavan Kapoor
About Airports Authority of India

Headquarters: New Delhi Founded: 1 April 1995 Chairman Sanjeev Kumar
‘Abnormal’ dinosaur egg found in India
 A team of researchers from the University of Delhi has discovered a unique set of fossilised
dinosaur eggs, with one egg nesting within the other.
 This discovery brings out newer connections between reptilian and avian evolution.
 The findings talk about the “egg-in-egg” phenomenon in a titanosaurid dinosaur egg found at Bagh
in Madhya Pradesh’s Dhar district .
 The new discovery of an ovum-in-ovo egg, which is characteristic of birds, in titanosaurids argues for a
segmented oviduct like in crocodiles and birds, and possible sequential laying of eggs like in birds.
Learn Along:
 Eggs-within-eggs are a rare phenomenon, they are so far known to occur only in birds and never known in
reptiles.
 Dinosaurs of the Sauropod family were among the largest land animals that ever lived and widespread millions
of years ago in the territory that is now India.
 Fossils of these animals have been found in Gujarat, Madhya Pradesh and Meghalaya.
Shri Ashwini Vaishnaw launches - “StartUps for Railways”
 Indian Railways has taken an important initiative in field of innovation through participation of start-
ups and other entities.
 Hon’ble Minister of Railways, Communications and Electronics & Information Technology, Shri Ashwini
Vaishnaw has launched “StartUps for Railways” in Rail Bhavan, New Delhi.
 This policy will bring scale and efficiency in the field of operation, maintenance and infrastructure creation
through participation of very large and untapped startup ecosystem.
 Salient details of Indian Railway Innovation Policy are as under:-

Monthly BeePedia
June 2022
o Grant up to Rs. 1.5 Crore to innovator on equal sharing basis with provision of milestone-wise
payment.
o Complete process from floating of problem statement to development of prototype is online with
defined time line to make it transparent and objective.
o Trials of prototypes will be done in Railways. Enhanced funding will be provided to scale up
deployment on successful performance of prototypes.
o Selection of Innovator/s will be done by a transparent and fair system.
o Developed Intellectual property rights (IPR) will remain with innovator only.
o Assured developmental order to innovator
o De-centralization of complete product development process at divisional level to avoid delays.
Learn Along:
 On 16th April 1853, the first passenger train ran between Bori Bunder (Bombay) and Thane, a distance of 34
km.
 It was operated by three locomotives, named Sahib, Sultan and Sindh, and had thirteen carriages.
 Lord Dalhousie is known as the Father of Indian Railways.
Minister of Railways: Ashwini Vaishnaw
Cabinet approves Agreement between India and United Nations on a ‘Way Finding Application’
 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the proposal
for signing of an agreement between the Government of India and the United Nations on a ‘Way
Finding Application’ to be used in the Palais des Nations, United Nations Office at Geneva
(UNOG).
 Keeping in view the complexity of buildings and huge participation, there was a requirement of a
navigational application which can help the visitors and other delegates in finding their way
inside the premises while adhering to all security perspectives.
 The project consists of development,deployment and maintenance of a software-based ‘Way
Finding Application’ to facilitate navigation in the Palais des Nations premises of UNLG.
 The development of the App has been entrusted to Centre for Development of Telematics (C-DoT),
an autonomous telecom Research & Development centre of Department of Telecommunications (DoT),
Government of India.
 The estimated financial implication for development deployment and maintenance of the App is $ 2
Million.
 The project will not only highlight the technical capabilities of India but also enhance the prestige of
country at the UN level platform.
Learn Along:
About UN
 The United Nations (UN) is an international organization founded in 1945. It is currently made up of 193 Member
States. India is a founding member of the United Nations.
 Headquarters: New York, New York, United States Secretary general: António Guterres
About Centre for Development of Telematics (C-DoT)

Founder Sam Pitroda Founded August 1984
Headquarters Delhi, India Executive Director Dr Rajkumar Upadhyay

Monthly BeePedia
June 2022
Cabinet approves Memorandum of Association for establishment of BIMSTEC Technology Transfer

Centre
 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a
Memorandum of Association (MoA) by India for establishment of Bay of Bengal Initiative for Multi-
Sectoral Technical and Economic Cooperation (BIMSTEC) Technology Transfer Facility (TTF)
signed by the BIMSTEC member countries at the 5th BIMSTEC Summit held at Colombo, Sri Lanka
on 30th March, 2022.
 The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation
in technology transfer among the BIMSTEC Member States by promoting the transfer of
technologies, sharing of experiences and capacity building.
 The expected outcomes of the BIMSTEC TTF are:
o Databank of technologies available in BIMSTEC Countries.
o Repository of information on good practices in the areas of technology transfer
management, standards, accreditation, metrology, testing and calibration facilities.
o Capacity building, sharing of experiences and good practices in development, and
o Transfer and use of technologies among BIMSTEC countries.
Maiden Service of Bharat Gaurav Train commences
 The first service of the theme-based Bharat Gaurav Train from Coimbatore North to Sainagar
Shirdi started its journey on 14-06-2022.
 Southern Railway becomes the first zone in Indian Railways to get the first Registered service
provider under the ‘Bharat Gaurav” Scheme and commence the operations of the maiden service
from Coimbatore North to Sainagar Shirdi.
Learn Along:
Bharat Gaurav Trains
 Indian Railways had launched the operation of theme-based Bharat Gaurav train in the month of November
2021.
 The objective of this theme is to showcase India’s rich cultural heritage and magnificent historical places
to the people of India and the world, through Bharat Gaurav Trains.
 This scheme also aims to leverage the core strengths of the professionals of the tourism sector to run
theme-based trains to tap the vast tourist potential of India.
 This Bharat Gaurav scheme will now help in roping in of more tour operators with professional experience
and will give boost to tourism sector in the country.
3-year degree programme for Agnipath recruits
 A day after the Cabinet approved the ‘Agnipath’ scheme for temporary recruitment to the armed
forces, the Union Education Ministry said it will launch a three-year degree programme that will
give credits to serving defence personnel who avail themselves of the scheme.
 The aim is to “enhance the future career prospects of our ‘Agniveers’, and equip them for various
job roles in the civilian sector and recognise the skill training received” by them during their
defence tenure.
 The programme will be designed and executed by IGNOU, 50% of the credits required for the
graduate degree will come from skills received under the ‘Agnipath’ scheme, and the remaining 50%
will come from a basket of courses that cover a wide variety of subjects like languages, economics,

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June 2022
history, political science, public administration, sociology, mathematics, education, commerce, tourism,
vocational studies, agriculture, environmental studies, English communication and astrology.
 IGNOU will enter into an MoU with the Army, the Navy and the Indian Air Force to offer the
programme to their personnel.
Learn Along:
About AGNIPATH
 The Union Cabinet approved an attractive recruitment scheme for Indian youth to serve in the Armed Forces.
 The scheme is called AGNIPATH and the youth selected under this scheme will be known as Agniveers.
About Ministry of Education Minister: Dharmedra Pradhan
Age limit raised to 23 for this year under Agnipath scheme 2022
 The upper age limit for the recruitment process under the Agnipath scheme for 2022 had been
increased to 23.
 The Government has decided that a one-time waiver shall be granted for the proposed recruitment cycle
for 2022.
Learn Along:
 The Centre unveiled the ambitious scheme for recruitment of the youth aged between 17 and a half and 21 in
the Army, Navy and the Air Force, largely on a four-year short-term contractual basis.
 The youth recruited under the scheme will be known as 'Agniveers'.
Steel Minister Inaugurates First Six - lane Highway Road made of Steel Slag
 Union Minister of Steel Sh. Ram Chandra Prasad Singh inaugurated the first six lane highway
road made by using Steel Slag at Surat, Gujrat to connect the port with the city.
 The road constructed by 100% use of steel processed slag is a real example of converting waste
into wealth and improving sustainability of steel plants.
Learn Along:
About Gujarat
Capital: Gandhinagar Governor: Acharya Devvrat Chief minister: Bhupendrabhai Patel
U.S. to fund 3 Indian research institutions
 The United States has announced a funding of $122 million to top three Indian medical research
institutions to prevent avoidable epidemics, enable early detection of disease threats and effect rapid
and effective response.
 The total funding of $122,475,000 will, over a period of five years, be distributed to the three top Indian
health research institutions — Indian Council of Medical Research (ICMR), National Institute of
Virology and National Institute of Epidemiology.
 Prominent among these include detecting and controlling zoonotic disease outbreaks through a ‘one
health’ approach; evaluating vaccine safety monitoring systems; capacitating the public health
workforce in field epidemiology and outbreak response; and combating antimicrobial resistance.
Learn Along:
About ICMR
Founded: 1911 Headquarters: New Delhi Director-General :Balram Bhargava
About The National Institute of Virology

Founded: 1978 Headquarters: Pune Chair: Dr Priya Abraham

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June 2022
About National Institute of Epidemiology

Established:1999 Director: Dr. Manoj V. Murhekar located: Chennai, Tamil Nadu.
India has supported an initiative by China
 India has supported an initiative by China to conduct a “joint border operation” in 2023 of all
member countries of SCO (Shanghai Cooperation Organisation) that includes Russia, Pakistan and
Central Asian countries.
 The border operation called ‘Solidarity-2023’ will be organised by China.
Learn Along:
 The BSF hosted the 21st meeting of Experts’ Group and Border Security Conference of SCO countries
from June 15-17 that was attended by China, Pakistan, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan
and the Executive Committee of the Regional Anti-Terrorist Structure (RATS)-SCO.
 The results of the Joint Border Operation ‘Solidarity-2019-2021’ carried out in 2021 by the border services of
the competent authorities of the SCO member states were discussed and highly appreciated.
About SCO:
The Shanghai Cooperation Organisation (SCO), also known as the Shanghai Pact, is a transcontinental political,
economic, security, and military alliance.
Member states: China,Kazakhstan,Kyrgyzstan,Russia,Tazikistan,Uzbekistan,India,Pakistan.
Observer status to: Afghanistan,Belarus,Mongolia,Iran.
Formation: 15 June 2001 Headquarters: Beijing, China Secretary-General: Zhang Ming
New species of bamboo-dwelling bat found in Meghalaya
 Scientists have discovered a new species of bamboo-dwelling bat in Ri Bhoi district of Meghalaya.
 The species, found near the Nongkhyllem Wildlife Sanctuary, has been named Glischropus
meghalayanus.
 The newly discovered species is small in size and has a dark brown colour with sulphur yellow
belly.
Learn Along:
 Bamboo-dwelling bats are a particular kind of bats living in the internodes of bamboos with specialised
morphological characters that help them to adopt to the life inside a bamboo.
 The total number of bat species known from India stands at 131.
 Meghalaya, a State with a small geographical area, harbours the highest bat diversity in the country with 67
species, which is about 51% of total bat species in the country.
About Meghalaya:
Capital: Shillong Governor: Satya Pal Malik Chief minister: Conrad Sangma
Use of ICT in school education in India receives UNESCO’s recognition
 Use of ICT under a comprehensive initiative called PM eVIDYA by the Department of School education,
Ministry of Education, particularly during the COVID-19 pandemic wins UNESCO’s recognition.
 Central Institute of Educational Technology (CIET), a constituent unit of National Council of Educational
Research and Training (NCERT) under Department of School Education and Literacy (DOSEL),
Ministry of Education (MoE), Government of India has been awarded with the UNESCO’s King Hamad
Bin Isa Al-Khalifa Prize for the Use of ICT in Education for the year 2021.
Learn Along:

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June 2022
About PM eVIDYA
 The PM eVIDYA has been initiated as part of Atma Nirbhar Bharat Abhiyaan by the Ministry of Education on 17th
May, 2020, which unifies all efforts related to digital/online/on-air education to enable multi-mode access for
imparting education by using technology to minimise learning losses.
About the UNESCO’s King Hamad Bin Isa Al-Khalifa Prize

 This award “recognizes innovative approaches in leveraging new technologies to expand educational and lifelong
learning opportunities for all, in line with the 2030 Agenda for Sustainable Development and its Goal 4 on
Education.
 Established in 2005 with the support of the Kingdom of Bahrain, the Prize rewards individuals and organizations
that are implementing outstanding projects and promoting the creative use of technologies to enhance learning,
teaching and overall educational performance in the digital age.
 Each prizewinner receives US$ 25,000, a medal and a diploma during a ceremony at UNESCO Headquarters
in Paris”, which this year will be held on 24th June, 2022.
About UNESCO
Headquarters: Paris, France Founded: 16 November 1945 Director-General: Audrey Azoulay
Rare dragonfly spotted in Kerala for first time
 One of the rare dragonflies in South India, the ‘Lesser Blue Wing’ has been spotted by a group of butterfly
and bird enthusiasts in Thenmala.
 It is Scientifically called Rhyothemis triangularis.
Learn Along:
 This dragonfly is seen near the marshes and ponds and has certain perching spots near the ponds.
 Female dragonflies can fly fast and hover over the ponds and canals for a long time.
 Only very few sightings of the dragonfly have been recorded.
 The distribution of this dragonfly extends from Western Ghats, Sri Lanka, Eastern India and to Malaysia, Sumatra,
Java and Borneo towards East.
About Kerala
Capital: Thiruvananthapuram Chief minister: Pinarayi Vijayan Governor: Arif Mohammad Khan
National Initiative for Promotion of Upskilling of Nirman workers (NIPUN)
 Shri Hardeep Singh Puri, Minister of Housing & Urban Affairs and Petroleum & Natural Gas, Government
of India launched an innovative project for skill training of construction workers called ‘NIPUN’ i.e.
National Initiative for Promoting Upskilling of Nirman workers.
 The project NIPUN is an initiative of the Ministry of Housing & Urban Affairs (MoHUA) under its
flagship scheme of the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-
NULM) to train over 1 lakh construction workers, through fresh skilling and upskilling programmes and
provides them with work opportunities in foreign countries also.
 The National Skill Development Corporation (NSDC), the nodal agency under the Ministry of Skill
Development & Entrepreneurship (MSDE), Government of India, will be the Implementation Partner for
the project NIPUN.
 The project implementation is divided into three parts - training through Recognition of Prior Learning
(RPL) at construction sites, training through Fresh Skilling by Plumbing and Infrastructure SSC and
International Placement through industries/ builders/ contractors.
 Onsite skill training will be provided to approximately 80,000 construction workers through industry
associations under the RPL certification, co-branded with MoHUA, while about 14,000 candidates will

Monthly BeePedia
June 2022
receive fresh skilling through plumbing and infrastructure Sector Skill Council (SSC) in trades having
promising placement potentials.
Learn Along:
About DAY-NULM
 DAY-NULM is a Centrally Sponsored Scheme, being implemented since 2014-15, with the aim to reduce poverty
and vulnerability of urban poor households in the country by enabling them to access self-employment and skilled
wage employment opportunities, resulting in an appreciable improvement in their livelihoods on a sustainable basis.
‘Svadha’- Wellness Wear Collection in Khadi
 Keeping in view the core ideology of Yoga, the design team at Center of Excellence for Khadi (CoEK)
has designed a range of ‘Wellness wear’ ‘Svadha’ to showcase the versatility of khadi on
International Yoga Day.
 In Atharva veda, ‘Svadha’ means ease, comfort or pleasure, which are truly the attributes of this
collection.
 The wellness clothing ‘Svadha’ range emphasizes the values of mindfulness and perseverance and
is aimed to attract all age groups from Gen Z to young at heart.
 The wellness wear has used hand-spun khadi in natural hues.
International Yoga Day 2022
 Prime Minister Narendra Modi performed Yoga along with thousands of participants at a mass
demonstration in the backdrop of the iconic Mysuru Palace on June 21 on the occasion of 8th
International Yoga Day.
G Kishan Reddy and Shri Ashwini Vaishnaw flag off the Bharat Gaurav Tourist Train
 Union Minister G Kishan Reddy along with Railways Minister Ashwini Vaishnaw flagged off the
Bharat Gaurav Tourist Train from Delhi Safdarjung Railway Station.
 The train carrying 500 Indian tourists on board will arrive at Janakpur Dham station.
 Bharat Gaurav Tourist Train is starting its first Shri Ramayana Yatra for 18 days from today, the first trip
of the train operating on the Ramayana Circuit will also cover the religious destination of Janakpur (in
Nepal) for the first time in addition to other popular destinations such as Ayodhya, Nandigram, Sitamarhui,
Varanasi, Prayagraj, Chitrakoot, Pancvati (Nasik), Hampi, Rameshwaram and Bhadrachalam.
 Branded as Bharat Gaurav Tourist Trains, IRCTC is operating these special comfort category tourist trains
to promote theme-based tourism.
Union Minister Dr. Jitendra Singh inaugurates seismological observatory at Udhampur
 Union Minister of State for Science and Technology Dr Jitendra Singh inaugurated newly installed
Seismological Observatory Centre in Udhampur of Jammu and Kashmir.
 It is the latest, upgraded and world-class ‘Earthquake Observatory’ under the aegis of ‘National Centre of
Seismology’.
 The National Centre for Seismology (NCS), Ministry of Earth Sciences (MOES), New Delhi had set up
Seismological Observatory Centre at the District Programme office (ICDS) in Udhampur.

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June 2022
Vanijya Bhawan and launch NIRYAT portal to be launched
 Prime Minister Shri Narendra Modi will inaugurate the new premises of the Ministry of Commerce and
Industry - ‘Vanijya Bhawan’ - on 23rd June 2022.
 Prime Minister will also launch a new portal - NIRYAT (National Import-Export Record for Yearly
Analysis of Trade) - which is developed as a one stop platform for stakeholders to get all necessary
information related to India’s foreign trade.
 The Vanijya Bhawan is designed as a smart building which incorporates the principles of sustainable
architecture with a special focus on energy saving.
 The Vanijya Bhawan will serve as an integrated and modern office complex that will be used by the two
Departments under the Ministry i.e. Department of Commerce and Department for Promotion of Industry
and Internal Trade (DPIIT).
Learn Along:
About The ministry of Commerce and Industry:
Minister: Piyush Goyal Minister of State: Anupriya Patel
First IRCTC train under Swadesh Darshan scheme embarks on Ramayana Yatra
 Railway minister Ashwini Vaishnaw along with Minister of Tourism, Culture and Development of North
Eastern Region Kishan Reddy flagged off Shri Ramayana Yatra, a Bharat Gaurav Tourist Train, from
Delhi Safdarjung Railway Station on June 21.
 The Indian Railway Catering and Tourism Corporation’s (IRCTC) 18-day Shri Ramayana Yatra special
tourist train will take pilgrims to sacred places associated with the life of Lord Ram.
Learn Along:
BHARAT GAURAV
 The Bharat Gaurav tourist train is the Centre’s attempt to promote domestic tourism through the Dekho Apna Desh
initiative.
 The unique concept of Bharat Gaurav trains , will be helpful in promoting mass tourism across the country and
provide an opportunity to people from all parts of the country to explore the architectural, cultural and historical
marvels of the country.
About IRCTC
Headquarters: New Delhi Founded: 27 September 1999
Shri Prahlad Singh Patel inaugurates the National Conference on Millets
 Union Minister of State for M/o Food Processing Industries, Shri Prahlad Singh Patel inaugurated
the National Conference on Millets on the theme ‘The Future Super Food for India' in New Delhi,
organised by industry body ASSOCHAM with the support of M/o Food Processing Industries.
 The conference has been organised to discuss opportunities and challenges in ensuring food and
nutritional security.
Learn Along:
 Millets have been among the oldest eatables in the country.
 It is a crop grown from small seeds which can be grown well in dry areas or even on lands with deficient and low
fertility thus is known as the superfood of India.
 millets can develop from seeds to ready-to-harvest crops in just about 65 days and this characteristic of the millets
is of vital importance in thickly populated regions of the world.
 The major millets producing states in India include Haryana, Uttar Pradesh, Chhattisgarh, Gujarat, Rajasthan,
Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.
About ASSOCHAM (The Associated Chambers of Commerce and Industry of India)

Monthly BeePedia
June 2022
Founded: 1920 Founder: Dr. Niranjan Hiranandani

Headquarters: New Delhi President: Vineet Agarwal Secretary General: Deepak Sood
AIIMS director Dr Randeep Guleria’s term extended
 The term of the present All India Institute of Medical Sciences (AIIMS) director Dr Randeep Guleria has
been extended for another three months again.
 This is the second time his tenure has been extended, with his original five-year term ending on March
28 this year.
Learn Along:
 Dr Guleria took over as director of AIIMS-New Delhi in March 2017.
 He is the only director to have completed the five-year term since the limit was introduced in 2007.
IGI Delhi becomes India’s first airport to run entirely on solar and hydro energy
 In a significant step toward achieving the ambitious aim of being a Net Zero Carbon Emission Airport
by 2030, Indira Gandhi International Airport this month became the first airport in the nation to
function fully on hydro and solar electricity.
 The onsite solar power plants provide about 6% of the electricity needed by the Delhi airport.
 The airport has chosen to use hydropower from the hydropower plant for the remaining 94 percent
of its energy needs, ending its reliance on non-renewable energy
 DIAL has signed a long-term power purchase agreement (PPA) with a hydropower-producing firm
located in Himachal Pradesh for the supply of hydroelectricity for the airport until 2036.
7th Anniversary to commemorate launch of Pradhan Mantri Awas Yojana-Urban
 The Ministry of Housing and Urban Affairs (MoHUA) organised a virtual event to celebrate 7 years of
Pradhan Mantri Awas Yojana-Urban (PMAY-U), which was launched by Hon’ble Prime Minister Shri
Narendra Modi on 25th June 2015.
 The seventh anniversary celebrations highlighted the important initiatives implemented under PMAY-U
Mission, which is one of the largest urban housing programmes in the world.
 In line with the Hon’ble Prime Minister’s vision of ‘Housing for All’, With a total investment of ₹ 8.31
Lakh Crore PMAY-U has so far sanctioned 122.69 lakh, out of which more than 1 crore houses have
been grounded and over 61 lakh houses have been completed and delivered to the beneficiaries.
Learn Along:
About MoHUA Hardeep Singh Puri (Union Minister)
About PMAY-U
Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Government of India being implemented by
Ministry of Housing and Urban Affairs (MoHUA), was launched on 25th June 2015. The Mission addresses urban
housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to
all eligible urban households by the year 2022, when Nation completes 75 years of its Independence.
Piyush Goyal inaugurates ‘Mango Festival’ in Belgium
 Union Minister of Commerce and Industry, Piyush Goyal inaugurated a “Mango Festival” organized
in Brussels to create awareness among the Europeans and create a market for Indian mangoes in
Europe.
 India is a major exporter of mangoes to the world.
 This is the first time it is being held in Belgium.

Monthly BeePedia
June 2022
Learn Along:
About Belgium Capital: Brussels Currency: Euro
Nasha Mukt Bharat Abhiyaan Run on the occasion of International Day against Drug Abuse
 The Department of Social Justice & Empowerment organized Nasha Mukt Bharat Abhiyaan Run
- 19th Run Against Drug Abuse today at Jawaharlal Nehru Stadium to wean away youth and others
from drugs and to make our country drugs free.
 This run is organized to create awareness for the same and to present a united front against Drug
Abuse.
 This year’s theme is “Share Facts on Drugs, Save Lives”.
 The motive is to combat misinformation by sharing real facts on drugs — from health risks and
solutions for the world drug problem to evidence-based prevention, treatment, and care.
Learn Along:
 The International Day against Drug Abuse and Illicit Trafficking is marked on 26 June every year to
strengthen action and cooperation in achieving a world free of drug abuse.
 A nationwide drug-free India campaign namely Nasha Mukt Bharat Abhiyaan is going on in 272 identified districts
of the Country.
 There are more than 8000 master volunteers for campaign activities in these 272 districts, reaching out to more
than 3.10 crore people including more than 1.20 crore youth and over 31 lakh women through various activities
actually carried out so far.
 So far, the results of Nasha Mukt Bharat Abhiyaan have been very encouraging and this Ministry is also working
vigorously to declare 100 districts drug free by the end of the year 2022 within defined parameters.
About Ministry of Social Justice and Empowerment Virendra Kumar (Union Minister)
India, Malaysia defence ties
 Raksha Mantri Shri Rajnath Singh and Senior Defence Minister of Malaysia, YB Dato 'Seri
HishammuddinTun Hussein on June 27, 2022 discussed a wide range of issues concerning bilateral,
regional and defence industrial cooperation.
 The two Ministers discussed the existing defence cooperation activities and framework, and ways to
further enhance them under the existing Malaysia India Defence Cooperation Meeting (MIDCOM)
framework.
 The next MIDCOM is scheduled to held in July 2022, and it was decided to use this platform for a
deeper engagement in defence.
Learn Along:
About Malaysia Capital: Kuala Lumpur Currency: Malaysian ringgit
World Bank approves $250-mn loan to boost India’s road safety
 The World Bank has approved a $250 million loan to support the Government of India’s road
safety programme for seven States under which a single accident reporting number will be set up to
better manage post-crash events.
 The India State Support Programme for Road Safety, financed by the World Bank, will be
implemented in the States of Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar
Pradesh, and West Bengal.

Monthly BeePedia
June 2022
 The $250 million variable spread loan from the International Bank for Reconstruction and
Development (IBRD) has a maturity of 18 years, with a grace period of 5.5 years.
 The project will also establish a national harmonised crash database system in order to analyse
accidents and use that to construct better and safer roads.
 The project will also provide incentives to States to leverage private funding through public private
partnership (PPP) concessions and pilot initiatives.
Learn Along:
About World Bank
Headquarters: Washington, D.C. Founded: July 1944 President: David Malpass
Motto: Working for a World Free of Poverty
Founders: John Maynard Keynes, Harry Dexter White
One Health Pilot to be launched in Bengaluru
 Department of Animal Husbandry & Dairying (DAHD), Ministry of Fisheries, Animal husbandry
and Dairying, Government of India has taken an initiative to bring stakeholders from animal,
human and environment health on a common platform to address the challenges through One-
Health approach.
 DAHD in collaboration with the Bill & Melinda Gates Foundation (BMGF) and The Confederation
of Indian Industry (CII) as implementation partner is implementing the One-Health Framework
undertaking project in the states of Karnataka and Uttarakhand.
 Department of Animal Husbandry & Dairying (DAHD) will launch One Health Pilot in Karnataka at
Bengaluru.
 DAHD would develop a national One Health roadmap based on the learnings of this initiative which in
turn would help to prevent the future zoonotic disease outbreaks, equipped with better response
mechanism and management while incorporating global best practices.
Learn Along:
About Karnataka
Capital: Bengaluru Governor: Thawar Chand Gehlot Chief minister: Basavaraj Bommai
Dak Karmayogi: E-Learning Platform launched
 ‘Dak Karmayogi’, an e-learning portal of the Department of Posts was launched by Shri Ashwini
Vaishnaw, Minister of Communications, Railways, Electronics & IT, and Shri Devusinh Chauhan, Minister
of State for Communications, on 28-06-2022.
 This portal has been developed ‘In-House’ under vision of ‘Mission Karmayogi’, which was
conceptualized by Prime Minister Shri Narendra Modi with a view to bring efficiency in actions of all the
employees of Government of India and transforming efficiency of bureaucracy with ‘Minimum Government’
and ‘Maximum Governance’.
 ‘Dak Karmayogi’ portal will enhance the competencies of about 4 lakh Gramin Dak Sevaks &
Departmental employees by enabling the trainees to access the uniform standardized training
content online or in blended campus mode to enable them to effectively deliver a number of G2C services
for enhanced customer satisfaction.
Learn Along:
About Mission Karmayogi
 Mission Karmayogi was launched on September 20, 2020 by the Prime Minister Narendra Modi-led Union Cabinet.

Monthly BeePedia
June 2022
 Mission Karmayogi - National Programme for Civil Services Capacity Building (NPCSCB) – is meant to reform
Indian bureaucracy and prepare civil servants for the future. The programme aims “comprehensive reform of the
capacity building apparatus at individual, institutional and process levels for efficient public service delivery”.
Budget for the mission
 The mission will cover around 4.6 million central employees.
 A sum of Rs 510.86 crore has been allocated to be spent over a period of 5 years from 2020-21 to 2024-25.
 It will be partly funded by multilateral assistance up to $50 million.
Second Phase of Goal Programme launched
 Shri Arjun Munda, Minister of Tribal Affairs launched the second phase of the Going Online As
Leaders (GOAL) program.
 The programme is a joint initiative of the Ministry of Tribal Affairs and Meta (FaceBook).
 GOAL 2.0 initiative aims to digitally upskill 10 lakh youth by on promoting entrepreneurship amongst
tribal communities of the country and opening up opportunities for them using digital technology.
Learn Along:
About GOAL Programme
 Union Minister for Tribal Affairs Shri Arjun Munda launched the “GOAL (Going Online As Leaders)”
programme of the Ministry of Tribal Affairs (MoTA) in partnership with Facebook on 15 May 2020.
 The programme is aimed at empowering youth and women from tribal and indigenous communities to harness
the full potential of digital platforms and enhancing their leadership skills for driving community development.
 Along with digital inclusion the program aims to actively contribute to the economy by continuing to support the
most vulnerable communities in tribal districts with a focus on tribal youth and on businesses led by tribal women in
rural areas.
16th Vice-Presidential Election
 The Election Commission under the Chairmanship of Sh. Rajiv Kumar, Chief Election Commissioner
of India announced that the election to the post of the Vice-President will be held on August 6,
as M. Venkaiah Naidu’s term was coming to an end on August 10.
 The electoral college for the poll will comprise 233 Rajya Sabha members, 12 nominated Rajya
Sabha members and 543 Lok Sabha members.
Learn Along:
 As per Article 68 of the Constitution of India, an election to fill the vacancy caused by the expiration of the term
of office of the outgoing Vice-President is required to be completed before the expiration of the term.
 Article 324 of the Constitution read with the Presidential and Vice-Presidential Elections Act, 1952 and the
Presidential and Vice-Presidential Elections Rules, 1974, vests the superintendence, direction and control of the
conduct of election to the office of the Vice-President of India in the Election Commission of India.
 Chief Election Commissioner of India: Sh. Rajiv Kumar,
 Election Commissioner of India: Sh. Anup Chandra Pandey
INTERNATIONAL
Israel signs UAE free trade deal
 Israel has recently signed a free trade deal with the United Arab Emirates.
 It is Israel’s first deal with an Arab country.

Monthly BeePedia
June 2022
 Two-way trade between Israel and the UAE last year totalled some $900 million dollars.
Learn Along:
About FTA
A free trade agreement or treaty is an agreement according to international law to form a free-trade area between the
cooperating states.
About Israel Capital: Jerusalem Currency: Israeli Shekel
UN agrees to change Turkey’s official name to ‘Türkiye’
 The United Nations has changed the Republic of Turkey’s country name at the organisation from
“Turkey” to “Türkiye”.
 Turkey began the move to change its internationally recognised official name in English to Türkiye in
December after Turkish President Recep Tayyip Erdogan released a memorandum and asked the public
to use Türkiye to describe the country in every language.
Learn Along:
About United Nations
Founded: 24 October 1945 Founded: 24 October 1945 Secretary general: António Guterres
About Turkey Capital: Ankara Currency: Turkish lira
North Korea test-fires salvo of missiles
 North Korea test-fired a barrage of short-range ballistic missiles from multiple locations toward the
sea.
 Possibly setting a single-day record for North Korean ballistic launches, eight missiles were fired in
succession over 35 minutes from at least four different locations, including from western and eastern
coastal areas and two inland areas north of and near the capital, Pyongyang.
 The missiles flew 110 to 670 kilometres at maximum altitudes of 25 to 80 kilometres.
Learn Along
About North Korea Capital: Pyongyang Currency: North Korean won
Thailand becomes first Asian country to legalise Marijuana
 Thailand became the first Asian country to legalise the growing of marijuana and its consumption
in food and drinks.
 The aim is to boost its agriculture and tourism sectors but smoking pot is still against the law.
Learn Along:
 Thailand has a tradition of using cannabis to relieve pain and fatigue, legalised medicinal marijuana in 2018.
About Thailand Capital: Bangkok Currency: Thai baht
Ex-Bolivian President convicted
 Bolivian ex-president Jeanine Anez was sentenced 10 years in prison, more than a year after her
arrest for an alleged plot to oust her rival and predecessor Evo Morales.

Monthly BeePedia
June 2022
Learn Along:
About Boliva
President: Luis Arce Capital: Sucre Currency: Boliviano
Venezuela, Iran enter into 20-year agreement
 Venezuela and Iran signed a 20-year cooperation agreement to expand ties in the oil and
petrochemical industries, the military and the economy.
Learn Along:
About Venezuela Capital: Caracas Currency: Venezuelan bolívar
About Iran
President: Ebrahim Raisi Capital: Tehran Currency: Iranian rial
Canada proposes health warnings on individual cigarettes
 Canada is proposing that written health warnings be printed on individual cigarettes, the first
country in the world to do so.
 In 2001, Canada broke new ground globally by requiring picture warnings on cigarette packages.
 Adding health warnings on individual tobacco products will help ensure that these essential
messages reach people, including the youth, who often access cigarettes one at a time in social
situations sidestepping the information printed on a package.
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About Canada
Prime Minister: Justin Trudeau Capital: Ottawa Currency: Canadian dollar
Google to pay women employees $118 million
 Google is settling a class-action lawsuit that argued it underpaid women employees and assigned
them lower-ranking positions.
 The $118 million settlement covers about 15,500 women employees who have worked for the company
in California since September 2013.
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What was the issue?
 In 2017, several former Google employees sued the company in a San Francisco court, accusing it of paying women
less than men for equivalent positions and assigning women lower positions than men with similar experiences
because they had previously earned smaller salaries.
 Google previously agreed in 2021 to pay $3.8 million to the U.S. Department of Labor over accusations it had
discriminated against women and Asians.
About Google
Founded: 4 September 1998 Headquarters: California, United States
Founders: Larry Page, Sergey Brin CEO: Sundar Pichai
Egypt, Israel step in to boost gas supply to EU
 Egypt, Israel and the European Union signed a deal to increase liquified natural gas sales to EU
countries.
 Under the deal, the EU will help Egypt and Israel increase their gas production and exploration in
their territorial waters.

Monthly BeePedia
June 2022
 According to the deal, the Israeli gas will be brought via pipeline to Egypt’s LNG terminal in the
Mediterranean Sea before being transported by tanker to European shores.
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About European Union
The European Union is a political and economic union of 27 member states that are located primarily in Europe.
Founded: 1 November 1993, Netherlands
Founders: Germany, France, Italy, Netherlands, Belgium, Luxembourg
Awards: Nobel Peace Prize, Princess of Asturias Award for Concord, Bambi - Millennium Award
About Egypt Capital: Cairo Currency: Egyptian pound
About Israel
Capital: Jerusalem President: Isaac Herzog Prime minister: Naftali Bennett
Currency: Israeli Shekel
First Ever Virtual Summit of I2U2
 I2U2 group has been formed as part of the United States Government's efforts to re-energize and
revitalize American alliances all over the world.
 The first-ever virtual summit of the I2U2 grouping will be held in July 2022 .
 it will be attended by Prime Minister Narendra Modi, US President Joe Biden, Prime Minister of
Israel Neftali Bennett, and the UAE President Mohammed Bin Zayed Al Nahyan.
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What is I2U2?
 I2U2 is the new grouping formed by four nations- India, Israel, UAE, and the US.
 The countries share various common global issues including food security crisis and defence, which will also
be a highlight of the meeting of the four nations.
 In October 2021, a meeting of the foreign ministers of the four countries took place when the External Affairs
Minister of India S. Jaishankar was visiting Israel.
 At that time, the grouping of the four-nation was called ‘International Forum for Economic Cooperation’.The
grouping dealt with the issues concerning maritime security, infrastructure, digital infrastructure, and
transport.
Sara Duterte sworn in as Philippines vice president
 Sara Duterte has been sworn in as Philippines’ 15th vice president.

 President-elect Ferdinand Marcos Jr will take his oath in Manila on June 30.
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About Philippines Capital: Manila Currency: Philippine peso
US to donate 2.2 mn pediatric vaccines to Nepal
 The US has pledged to donate 2.2 million doses of pediatric vaccines to Nepal to help it combat
the COVID-19 pandemic.
 The donation coincides with the celebrations of 75 years of diplomatic relations between the United
States and Nepal.

Monthly BeePedia
June 2022
Learn Along:
 These highly effective, life-saving vaccines for children ages 5-11 are provided through the generosity of the
American people and add to the 2.26 million doses of Pfizer vaccines, and the 1.5 million single-dose
Johnson & Johnson vaccines that the US has donated to Nepal so far.
About Nepal
Capital: Kathmandu President: Bidhya Devi Bhandari Prime minister: Sher Bahadur Deuba
Pakistan secures IMF deal to restore $6 billion stalled aid
 Pakistan has secured a deal with the International Monetary Fund to restore the stalled $6 billion
assistance package and unlock doors for financing from other international sources.
 The extended fund facility package of $6 billion was agreed upon in July 2019 for a period of 39 months.
 So far only half of the promised money has been reimbursed. The revival of the facility will immediately
provide access to $1 billion.
Learn Along:
About IMF
Founded: July 1944
Managing Director: Kristalina Georgieva
About Pakistan:
Capital: Islamabad Prime minister: Shehbaz Sharif President: Arif Alvi
Monkeypox outbreak declared a public health emergency
 The World Health Network (WHN) has declared Monkeypox outbreak as a public health emmergency
of global concern.
 The coalition of scientists on June 23, 2022 considered the monkeypox outbreak as a 'pandemic' and
urged the World Health Organization (WHO) to make a formal declaration.
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About WHN
 The WHN is an independent coalition of scientists that was formed in response to the Covid-19 threat.
What does declaration of Monkeypox as pandemic mean?

 The declaration of monkeypox as a pandemic or a public emergency indicates that the outbreak is not limited to a
single country or region and requires immediate actions to prevent community transmission.
 The declaration of public health emergency, which is the highest level of global alert, currently only applies to the
COVID-19 pandemic and polio.
Monkeypox cases in the world
 Monkeypox cases have been detected in at least 58 countries across the world. At least 3,417 Monkeypox cases
have been confirmed through local community transmission around the world.
Monkeypox cases in India
 There are no confirmed cases of monkeypox virus in India as of now.
 Monkeypox prevention
 As per WHN coalition, immediate actions are needed to prevent widespread public communication about the
symptoms that identify monkeypox. The experts emphasised that efforts are needed for widespread availability of
testing, without restrictions.
Monthly BeePedia
June 2022
About WHO:
Headquarters: Geneva, Switzerland Founded: 7 April 1948 Director-General: Dr Tedros Adhanom Ghebreyesus
Sheikh Hasina opens Padma multipurpose bridge
 Bangladesh has completed the construction of the Padma Multipurpose Bridge.

 The Padma bridge will not just help the internal connectivity of Bangladesh, but will also improve
trade and logistics between India and Bangladesh.
 This bridge will play an important role in improving bilateral India-Bangladesh and subregional links.
 The Padma Multipurpose Bridge is the biggest infrastructure project of Bangladesh.
 It was inaugurated by Prime Minister Sheikh Hasina by paying toll tax.
 The bridge will connect at least 20 districts of Bangladesh and is expected to help in faster
transportation of goods and commodities with India and other neighbouring countries like Nepal and
Bhutan.
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About Bangladesh
Capital: Dhaka Currency: Bangladeshi taka President: Abdul Hamid
China to give Olympiad a miss
 China will not be taking part in the 44th Chess Olympiad to be held at Mamallapuram from July 28.
Learn Along:
About China Capital: Beijing Currency: Renminbi
G7 proposes $600-bn global infra plan
 The G7 group announced an attempt to compete with China’s formidable Belt and Road Initiative by
raising $600 billion for global infrastructure programmes in poor countries.
 Joe Biden said the target was for the U.S. to bring $200 billion, with the rest of the G7 another $400
billion by 2027.
Learn Along:
About G7:
The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan,
the United Kingdom and the United States. In addition, the European Union is a 'non-enumerated member'.
Founded: 1975
Commonwealth academy planned by India, U.K.
 India and the U.K. will create a joint Commonwealth Diplomatic Academy programme to train
young and aspiring diplomats from both nations.
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About UK
Capital: London Currency: Pound sterling Prime minister: Boris Johnson
NATO to raise response force from 40,000 to 3 lakh troops
Monthly BeePedia
June 2022
 NATO will increase the strength of its rapid reaction force nearly eightfold to 3,00,000 troops as
part of its response to an “era of strategic competition,”.
 The NATO reaction force currently numbers around 40,000 soldiers which can deploy quickly when
needed.
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About NATO
The North Atlantic Treaty Organization, also called the North Atlantic Alliance, is an intergovernmental military
alliance between 30 member states – 28 European and two North American.
Formation : 4 April 1949 Headquarters: Brussels, Belgium Secretary General: Jens Stoltenberg
World Bank agrees on $500-mn aid to help Egypt fund wheat purchases
 Egypt will receive a USD 500 million loan from the World Bank to help finance its wheat purchases
as prices skyrocket because of the Russian invasion of Ukraine.
 The funds, approved by the World Bank Board of Executive Directors, aim at supporting Egypt's
efforts to provide subsidized bread to poor and vulnerable households.
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 Egypt is the world's largest wheat importer, and the country's supply is subject to price changes on the
international market.
 The war in Europe has already hiked prices of the grain since both Russia and Ukraine export nearly a third of
the world's wheat.
About: Egypt Capital: Cairo Currency: Egyptian pound
About World Bank

Headquarters: Washington, D.C. Founded: July 1944 President: David Malpass
Motto: Working for a World Free of Poverty
STATES
New judges for Delhi, Calcutta HCs
 The Law Ministry elevated nine additional judges of the Madras High Court as permanent judges.
 It extended the term of one additional judge by one more year and appointed new judges to the Delhi
and Calcutta High Courts.
 Advocate Anish Dayal has been appointed a judge in the Delhi High Court.
 Advocate Amit Sharma had been made an additional judge in the Delhi High Court.
 Additional judges of the Madras HC who have been elevated are as following:
Justices Govindarajulu Chandrasekharan, Veerasamy Sivagnanam, Ganesan llangovan, Ananthi
Subramanian, Kannammal Shanmuga Sundaram, Sathi Kumar Sukumara Kurup, Murali Shankar
Kuppuraju, Manjula Ramaraju Nalliah and Thamilselvi T. Valayapalayam.
Learn Along:
Delhi High Court Chief Justice: Acting Chief Justice Vipin Sanghi
Calcutta High Court Chief Justice: Prakash Shrivastava
Monthly BeePedia
June 2022
No more physical stamp papers in Punjab
 The Punjab government decided to abolish the physical stamp papers in an attempt to bring efficiency
and check the pilferage of State revenue and launched the ‘e-stamp facility’.
 Stamp paper of any denomination can now be obtained via ‘e-stamp’, which includes computerised
printout from any stamp vendor or from banks authorised by the State government.
Learn Along
About Punjab
Capital: Chandigarh CM: Bhagwant Mann Governor: Banwarilal Purohit
₹500 crore allocated for caste survey
 The Bihar Cabinet allocated a budgetary outlay of ₹500 crore for Cate Survey and setting deadline of
February 23 next for completion of the survey.
 The general administration department shall be the nodal authority for the survey of castes.
 The State government has embarked on the exercise in the wake of the Centre expressing its inability to
undertake headcount of castes other than the SCs and STs as part of the Dalits
Learn Along
About Bihar
Capital: Patna CM: Nitish Kumar Governor: Phagu Chauhan
Special Health Care Abhiyan 'Anchal' launched
 In Rajasthan, a Special Health Care Abhiyan 'Anchal' has been launched in the Karauli district for
pregnant women.
 This unique campaign was started to ensure all necessary medical aid to pregnant women at the pre
and post-natal stage so that maternal and infant mortality rates could be reduced.
 Under this campaign, it is also ensured that the Auxiliary Nurse Midwife and ASHA workers in the district
will keep in constant contact with the pregnant women of their respective areas and provide them with
necessary counseling and treatment as and when required.
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About Rajasthan
Capital: Jaipur CM: Ashok Gehlot Governor: Kalraj Mishra
About ASHA
These are an all-female cadre of community health workers that have been constituted by the Ministry of Health and
Family Welfare under the National Rural Health Mission in 2006.
About ANM
Auxiliary Nurse Midwife (ANM) is a female health worker based at a health sub-centre or Primary health centre. They
are also known as the essential frontline workers under the National Rural Health Mission. This cadre was created in
the 1950s to help the Government focus on basic maternal health including midwifery and child health.
15 National Highway projects worth Rs.13,585 crore in Bihar inaugurated

 Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated and laid foundation
stones of 15 National Highway projects in Patna and Hajipur in Bihar with a total cost of Rs.13,585
crore.
 Mahatma Gandhi Setu connects North Bihar with South Bihar. With this super structure replacement
project, the time taken to cross Mahatma Gandhi Setu has been reduced from 2 to 3 hours to 5 to 10
minutes.
Monthly BeePedia
June 2022
 The route from Umagaon will directly connect the religious places of Uchhaith Bhagbati and Mahishi
Tarapith.
 Aurangabad – Chordaha section 6-lane road will improve connectivity of Bihar with Uttar Pradesh,
Jharkhand and West Bengal.
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About Mahatma Gandhi Setu
 The four-lane Mahatma Gandhi Setu at Patna on the Ganga River was inaugurated in the year 1982.
 After many studies, the union government decided to replace the existing distressed concrete superstructure and
approved a Rs 1,742 crore project in 2016.
 With this superstructure replacement project, the time to cross Mahatma Gandhi Setu has been reduced from 2 to 3
hours to 5 to 10 minutes.
About Bihar
Capital: Patna CM: Nitish Kumar Governor: Phagu Chauhan
Pollution body bans coal use in Delhi
 According to a notification by the Commission for Air Quality Management the use of coal as
fuel in industrial, domestic units will be banned in the National Capital Region (NCR) from 01
January 2023 but the ban will not apply to thermal power plants.
 For regions where piped natural gas infrastructure and supply is already available Restrictions/ban on
use of coal shall come into force from October 2022 and for other regions where the PNG supply is
still not available restrictions/ban on use of coal shall come into force from January 2023.
Learn Along:
 Coal dominates industrial fuels in the NCR and current estimates indicate that approximately 1.7 million tonnes of
coal is consumed annually for industrial applications in NCR.
Periyar Ninaivu Samathuvapuram: Stalin opens 235th ‘equality village’ near Sivaganga
 Tamil Nadu Chief Minister M K Stalin inaugurated a Samathuvapuram, or equality village, at

Singampunari near Sivaganga comprising 100 houses, a park, library, a creche, among other facilities.
 The Rs 3.5 crore Sivaganga village inaugurated is the 235th such facility in the state and ninth in the
district.
 The project was announced in 2010-11 but after the DMK defeat in 2011 Assembly polls, the AIADMK
government did not pursue their rival’s signature project.
 The idea of Samathuvapuram was mooted to promote spatial equality, social harmony and social capital
of the weakened, marginalised and rural sections.
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Samathuvapuram housing scheme
 Samathuvapuram housing scheme was first introduced in 1997 by the then Chief Minister M Karunanidhi to promote
egalitarian living.
 The objective was to make sure that people from different castes and religions live together, share civic amenities
and services without discrimination or any differential treatment.
 The scheme was originally named as ‘Periyar Ninaivu Samathuvapuram’ after Tamil social reformer Periyar EV
Ramasamy Naicker.
About Tamil Nadu

Capital: Chennai CM: MK Stalin Governor: R. N. Ravi
Monthly BeePedia
June 2022
PM Modi launches projects worth ₹3,050 crore in Gujarat
 Prime Minister Narendra Modi laid the foundation stone for a slew of development projects worth ₹3,050
crore in Gujarat.
 Prime Minister Narendra Modi laid the foundation stone for a medical college and hospital, and water
supply projects in Tapi, Dang and Surat districts.
 A medical college in Navsari district to be built at the cost of about ₹542 crore, which will help
provide affordable and quality medical care to the people of the region.
Learn Along
About Gujarat
Capital: Gandhinagar Chief Minister: Bhupendra Patel Governor: Acharya Devvrat
Delhi, Denmark to collaborate on water, power
 The Delhi government announced that it will collaborate with Denmark on groundwater recharge
and power generation from stubble in the Capital.
 A delegation of experts led by Denmark’s Ambassador to India, Freddy Swain met Chief Minister Arvind
Kejriwal to present solutions on the two issues and held an extensive discussion on ways in which they
can be adopted in Delhi.
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About Denmark Capital: Copenhagen Currency: Danish krone
Indian Envoy to Denmark : Ms. Pooja Kapur
Pushkar singh Dhami takes oath as MLA in Uttarakhand
 Chief Minister Pushkar Singh Dhami was sworn in as a member of the Uttarakhand Assembly 10
days after he won the Champawat Assembly bypoll.
 The oath of office was administered to The CM by Speaker Ritu Khanduri.
Learn Along:
Capitals: Dehradun (Winter), Gairsain (Summer) Governor: Gurmit Singh
Established: 09 November 2000
Cabinet gives nod for Dholera airport
 The Cabinet Committee on Economic Affairs approved the development of a new greenfield airport
at Dholera, Gujarat, which will be developed at an estimated cost of ₹1,305 crore in the first of its
three phases.
 The project is being implemented by Dholera International Airport Company Limited, which is a joint
venture company comprising 51% share of the Airports Authority of India, 33% of the Gujarat
government and 16% of the National Industrial Corridor Development and Implementation Trust.
 The first phase will be completed by 2025-2026.
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About Gujarat
Capita Gandhinagar Governor Acharya Devvrat Chief minister Bhupendrabhai Patel
About Airports Authority of India

Founded: 1 April 1995 Headquarter New Delhi Chairman Sanjeev Kumar
A greenfield project is one where the construction is started from scratch. It is a piece of land where no previous
construction has taken place, and there has been no activity of demolishing or reconstruction.
Monthly BeePedia
June 2022
PM inaugurates Jagadguru Shrisant Tukaram Maharaj Shila Mandir in Dehu, Pune
 The Prime Minister, Shri Narendra Modi inaugurated Jagatguru Shrisant Tukaram Maharaj Temple
in Dehu, Pune.
 Sant Tukaram Maharaj Palki Marg will be completed in three phases. More than 350 km long highways
will be constructed in these phases at the cost of more than 11000 crore rupees.
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About Sant Tukaram
 Sant Tukaram was a Warkari saint and poet, famously known for Abhanga devotional poetry and community-
oriented worship through spiritual songs known as Kirtans. He lived in Dehu. A Shila Mandir was built after his
demise. But it was not formally structured as a Temple. It has been rebuilt in stone masonry with 36 peaks and
carries an idol of Sant Tukaram.
About Maharashtra
Governor Bhagat Singh Koshyari Capital Mumbai Chief minister Uddhav Thackeray
Delhi to Do away with archaic language in official papers
 Lieutenant-Governor of Delhi V.K. Saxena has instructed government departments to do away with
the colonial practice of using “archaic language” in official communication and documents.
 The move would mean doing away with the use of Farsi in official communication and
documentation.
 The aim of doing away with archaic lanauge in official communication is intended to positively
impact the interface between the citizens and the government, in the run-up to the Azadi Ka Amrit
Mahotsav celebrations this year.
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 Vinai Kumar Saxena was appointed the Lieutenant Governor of Delhi by The President of India on 26 May
2022.
 Vinai Kumar Saxena succeeded Anil Baijal who resigned from the post citing "personal reasons".
Justice B.S. Patil is Karnataka Lokayukta
 Justice Bhimanagouda Sanganagouda Patil was sworn in as Karnataka Lokayukta.

 He was a Upa Lokayukta since 2019 and in-charge of Karnataka Lokayukta ever since Justice P.
Vishwanath Shetty retired in January 2022.
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About Lokauykta
The Lokayukta (also Lok Ayukta) is the Indian Parliamentary Ombudsman, executed into power, through and for,
each of the State Governments of India. It is brought into effect in a state, after passing the Lokayukta Act in respective
state Legislature and a person of reputable background is nominated to the post.
About Karnataka
Monthly BeePedia
June 2022
Home ministry approves over Rs 1,000 crore grant for Rajasthan, Nagaland
 A high-level committee (HLC) under the chairmanship of Union Home Minister Amit Shah approved
an additional central assistance of over Rs 1,000 crore under the National Disaster Response Fund
(NDRF) to Rajasthan and Nagaland, which were affected by drought during 2021-22.
 The HLC approved an additional central assistance of Rs 1,003.95 crore to Rajasthan and Rs 39.28
crore to Nagaland.
 This additional assistance is over and above the funds released by the Centre to the states from the
State Disaster Response Fund (SDRF).
 During the financial year 2021-22, the Centre released Rs 17,747.2 crore to 28 states in their SDRF
and Rs 7,342.3 crore to 11 states from the NDRF.
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About NDRF
The National Disaster Response Force is an Indian specialized force constituted "for the purpose of special response
to a threatening disaster situation or disaster" under the Disaster Management Act, 2005. The "Apex Body for
Disaster Management" in India is the National Disaster Management Authority.
Founded: 2006 Headquarters: New Delhi Director General Atul Karwal
About Rajasthan
Capital: Jaipur Governor: Kalraj Mishra Chief minister: Ashok Gehlot
About Nagaland
Capital: Kohima Governor: Prof Jagdish Mukhi Chief minister: Neiphiu Rio
maternal nutrition scheme in Gujarat
 Prime Minister Narendra Modi launched a scheme on maternal nutrition,“Mukhyamantri Matrushakti

Yojana”, in Gujarat on 19 June 2022, at an outlay of ₹800 crore.
 Pregnant and lactating mothers will be given 2 kg of chickpeas, 1 kg of tur dal and 1 kg of edible
oil free of cost every month from anganwadi centres.
 It offers one nutritious meal a day to pregnant and lactating women.
 Their objective is to improve infant mortality and maternal mortality rates.
Learn Along:
About Gujarat
Capital: Gandhinagar Governor: Acharya Devvrat Chief minister: Bhupendrabhai Patel
Skill India organizes Pradhan Mantri National Apprenticeship Mela in 10 districts of Odisha
 To improve job opportunities and provide practical training, the Ministry of Skill Development and
Entrepreneurship (MSDE) organized the Pradhan Mantri National Apprenticeship Mela across 10
districts in Odisha.
 Opportunities for apprenticeship training in more than 500+ trades across 36 sectors were offered to the
participants.
 Over 100 companies participated in the fair to provide employment opportunities to individuals.
 This program aims to encourage employers to hire apprentices from these targeted districts as and assist
them in identifying the right job roles while building their potential through robust skill training.
Learn Along
About Odisha
Capital: Bhubaneswar CM: Naveen Patnaik Governor: Ganeshi Lal
Monthly BeePedia
June 2022
Kerala to have its own regional red list of birds
 The Kerala Bird Monitoring Collective led by Kerala Agricultural University and the Bird Count India will
conduct the regional red list assessment and Kerala will soon have its own red list of birds.
 Kerala will be the first State to have a region-specific red list of birds.
 Kerala has 35 threatened species of birds. In that, Red-headed vulture and White-rumped vulture are
critically endangered. Steppe Eagle, Banasura Chilappan and Nilgiri Chilappan are endangered and 11
species are vulnerable.
 The Kerala Bird Atlas accounts for nearly three lakh records of 361 species, including 94 very rare
species, 103 rare species, 110 common species, 44 very common species, and 10 most abundant
species.
Learn Along:
About IUCN
The International Union for Conservation of Nature is an international organization working in the field of nature
conservation and sustainable use of natural resources. It is involved in data gathering and analysis, research, field
projects, advocacy and education.
Founded: 5 October 1948 Headquarters: Gland, Switzerland Founder: Julian Huxley
 The IUCN guidelines for preparing the red list have five main criteria. The population size reduction measured
over 10 years or three generations is one of the major guidelines. Geographic range on the basis of extent of
occurrence or area of occupancy is another. Small population size and decline, very small or restricted population,
and quantitative analysis indicating the probability of extinction in the wild are the other criteria.
About Kerala
Capital: Thiruvananthapuram Chief minister: Pinarayi Vijayan Governor: Arif Mohammad Khan
Udaipur’s ‘bird village’ to be declared wetland
 Recognised as the “bird village” following community-driven conservation efforts, Menar in Udaipur
district is set to be notified as Rajasthan's new wetland.
 This will pave the way for getting the Ramsar site status for this rural heartland of the Mewar region.
 The two lakes in the village – the Brahma and Dhandh – play host to a large number of migratory birds
in the winter season.
 More than 150 species of local and migratory birds inhabit the two lakes in the winter season. They
include greater flamingo, white-tailed lapwing, pelican, marsh harrier, bar headed goose, common teal,
greenshank, pintail, wagtail, green sandpiper and red-wattled lapwing. Bird lovers and tourists flock to
the village after the arrival of migratory birds from as far as Central Asia, Europe and Mongolia.
Learn Along:
About Ramsar Convention
The Ramsar Convention on Wetlands of International Importance Especially as Waterfowl Habitat is an international
treaty for the conservation and sustainable use of Ramsar sites. It is also known as the Convention on Wetlands. It
is named after the city of Ramsar in Iran, where the convention was signed in 1971.
About Rajasthan
Capital: Jaipur Chief minister: Ashok Gehlot Governor: Kalraj Mishra
Monthly BeePedia
June 2022
From July 1, Himachal to buy back single-use plastic
 As the Centre has decided to ban the use of single-use plastic from July 1, the hill State of Himachal
Pradesh is all set to kick-start a buy-back scheme in schools and colleges to purchase the
single-use plastic items from students in a bid to instil a sense of environment preservation.
 The students would be encouraged to bring single-use plastic items from their home and deposit it with
the school, for which they will be paid ₹75 a kg by the government.
 As a pilot project, The buy-back scheme will be started in 100 schools from July 1.
 The purpose is to catch the students in their early years and teach them about environmental
conservation.
 The HIMCOSTE is the State nodal agency for the National Green Crops — Eco-club Programme of
the Ministry of Environment, Forest and Climate Change of Government of India — and is implementing
the national scheme in 3,000 eco-club schools and 100 colleges in Himachal Pradesh.
 The scheme also aims to involve teachers, school management committees and parents by
creating awareness surrounding the ill-effects of plastic waste at the district-level through the eco-
club schools, covering both rural and urban schools.
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About: Himachal Pradesh Chief minister: Jai Ram Thakur
AAP presents ₹1,55,860 cr. no-paper budget for Punjab
 Punjab Finance Minister Harpal Cheema presented the Aam Aadmi Party government’s first budget
for the year 2022-23 with a total outlay of ₹1,55,860 crore.
 He presented the State’s first paperless budget, a step expected to save ₹21 lakh per annum.
 The budget puts the current effective outstanding debt of the State at ₹2.63 lakh crore.
 The proposals focused on education, health agriculture and police modernisation.
 Mr. Cheema announced upgrading of 100 schools as ‘schools of eminence’, and setting up cyber
crime control units.
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About Punjab
Capital: Chandigarh Governor: Banwarilal Purohit Chief minister: Bhagwant Mann
Inauguration of Honey Testing Lab in Nagaland
 The Union Minister for Agriculture and Farmers Welfare, Shri Narendra Singh Tomar launched the
Honey Testing Laboratory at Dimapur, Nagaland.
 It will help beekeepers and processors for testing the honey produced.
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About Nagaland
Capital: Kohima Chief minister: Neiphiu Rio Founded: 30 November 1963
Delhi and Telangana High Court New Chief Justices
 Justice Satish Chandra Sharma, previously serving as the Chief Justice of Telangana High Court, took
oath as the Chief Justice of the Delhi High Court.
 L-G Vinai Kumar Saxena administered the oath to Justice Sharma.
 Justice Ujjal Bhuyan has been sworn in Chief Justice of Telangana High Court.
Monthly BeePedia
June 2022
 Telangana’s Governor Tamilisai Soundararajan administered the oath of office to Chief Justice
designate Justice Ujjal Bhuyan.
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About High Court’s Chief Justice
Article 217 of Indian Constitution is about the Appointment and conditions of the office of a Judge of a High Court.
About Telangana
Founded: 2 June 2014 Chief minister: K. Chandrashekar Rao Governor: Tamilisai Soundararajan
Maharashtra renaming two districts
 The Maharashtra Cabinet cleared the decision to rename Aurangabad and Osmanabad districts to
Sambhajinagar and Dharashiv, respectively.
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About Maharashtra
Capital: Mumbai Chief minister: Uddhav Thackeray Governor: Bhagat Singh Koshyari
REPORTS AND INDEXES

PhonePe Pulse-BCG Report – “Digital payments in India: A $10 trillion opportunity”
 Consultancy firm BCG and leading third-party UPI services provider Phonepe have come out with a
report, called 'Digital payments in India: A $10 trillion opportunity'.
 According to the report, digital payments in India will reach $10 trillion in value by 2026 from $3
trillion now, forecasting that cash will increasingly be used less.
 Non-cash payments using modes like UPI will account for 65 per cent of all the transactions by 2026
against the 40 per cent level estimated at present.
 Digital payments (non-cash) will constitute two out of three payment transactions by 2026.
CBRE South Asia Report - “The Evolving Indian Healthcare Ecosystem; What It Means for the Real
Estate Sector”
 CBRE South Asia has released a report report titled: ‘The Evolving Indian Healthcare Ecosystem; What
It Means for the Real Estate Sector'.
 The report is on India’s healthcare sector which shows that India’s healthcare sector will require
1.3 billion sq ft space by 2030. The growth will be driven by emerging healthcare trends like heath-
retail outlets apart from regular facilities.
 The report shows a strong infrastructure disparity in India in the healthcare space. It shows that India
has one of the lowest bed-to-population ratios in the world, which is indicative of the infrastructure gap
as well as the scope for growth of this segment.
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
 According to a report by CARE Ratings, Mutual funds’ debt exposure in the form of commercial
paper (CP) and corporate debt (CD) to non-banking finance companies (NBFCs) rose by 14.3 per
cent year-on-year (YoY) to Rs 1.7 trillion in March.
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 The growth was on account of the issuance of CPs by NBFCs for funding investments in initial public
offerings (IPOs) and shifting long-term to short-term investments as the market expected a hike in
interest rates.
 The percentage share of funds deployed by MFs in NBFCs’ CPs stood at 4.4 per cent of debt assets
under management (AUMs) in March, compared with 3.6 per cent last year. Meanwhile, investments in
corporate debt of NBFCs rose by 7.4 per cent YoY to Rs 97,000 crore in March. The percentage share
too increased to 5.8 per cent in March from 5.6 per cent last year.
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Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in
the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government
or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business
Ambani pips Adani to reclaim Asia's richest title
 According to the Bloomberg’s Billionaires Index, Mukesh Ambani regained his position as Asia’s
richest man, surpassing Gautam Adani.
 Reliance Industries’ (RIL’s) chairman’s net worth was $99.7 billion, while the wealth of Adani Group’s
founder stood at $98.7 billion,.
 Ambani is now the eighth-richest person in the world while Adani is in the ninth spot.
 Only seven persons in the world are richer than Mukesh Ambani. Tesla CEO Elon Musk remains the
world's richest person with a net fortune of $227 billion. Amazon's Jeff Bezos is the second richest man
with a $149 billion net worth.
Union Health Minister Dr Mansukh Mandaviya releases 4th State Food Safety Index
 Union Minister for Health and Family Welfare Dr Mansukh Mandaviya released Food Safety and
Standards Authority of India (FSSAI)’s 4th State Food Safety Index (SFSI) to measure the
performance of States across five parameters of food safety.
 SFSI was started from 2018-19 with the aim of creating a competitive and positive change in the
food safety ecosystem in the country.
 The index will help in providing safe and nutritious food to our citizens.
Ranking:
Among larger states
1. Tamil Nadu
2. Gujarat
3. Maharashtra
Among Smaller states

1. Goa
2. Manipur
3. Sikkim.
Among UTs
1. Jammu & Kashmir,
2. Delhi
3. Chandigarh.
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June 2022
About FSSAI
Formed: 5 September 2008 Headquarters :New Delhi Chairperson :Arun Singhal
Parent agency Ministry of Health & Family Welfare, Government of India
QS World University Rankings 2023
 Indian Institute of Science (IISc) in Bengaluru has emerged as the highest ranked Indian institute
in the 2023 edition of the QS World University rankings, pushing IIT-Bombay to the second position,
followed by IIT-Delhi.
 Apart from IISc at 155, IIT-Bombay (IIT-B) and IIT-Delhi (IIT-D), which have risen five and 11 places to
rank 172 and 174 respectively, are the only other Indian institutes in the global league of top 200, in
continuation of a trend since 2017.
 The total number of Indian institutes among the top 1,000 globally has risen to 27 from 22.
 These parameters are — academic reputation (AR), employer reputation (ER), faculty-student ratio
(FSR), citations per faculty (CpF), international faculty ratio and international students ratio.
Global Top 5 Universities:
Rank University
1 Massachusetts Institute of Technology
2 Cambridge University
3 Stanford University
4 Oxford University
5 Harvard University
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QS World University Rankings is an annual publication of university rankings by Quacquarelli Symonds (QS). The QS
system comprises three parts: the global overall ranking, the subject rankings (which name the world's top universities
for the study of 51 different subjects and five composite faculty areas), and five independent regional tables—namely
Asia, Latin America, Emerging Europe and Central Asia, the Arab Region, and BRICS.
National e-Governance Service Delivery Assessment 2021
 Dr Jitendra Singh released the second edition of the National e-Governance Service Delivery
Assessment 2021, NeSDA 2021.
 The report has been prepared covering the assessment of States, UTs, and focuses on Central
Ministries on their effectiveness in delivering online services to citizens.
 The report also provides suggestions for governments to further enhance their e-Governance service
delivery systems.
 Jammu & Kashmir tops among all the Union territories of India in e-Governance services delivery,
which has also enabled it to save around Rs 200 crore annually that was incurred in carriage of physical
files during the Annual Durbar move between the two capital cities of Jammu and Srinagar.
 In the Union Territories category, Jammu & Kashmir was assessed for the first time in NeSDA 2021
and scored the highest amongst all UTs for six sectors.
 Kerala had the highest overall compliance score amongst all the states and UTs.
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 J&K became the first UT in the country to have Good Governance Index and was also first to launch
District Good Governance Index for 20 Districts of the Union Territory of Jammu and Kashmir in
January this year.
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About NeSDA
NeSDA framework, launched in August 2018, was conceptualized with an overall objective to measure the depth
and effectiveness of existing e-Governance service delivery mechanisms. This framework, based on the Online
Service Index (OSI) of UNDESA eGovernment Survey, has been customized for the Indian federal structure and the
e-Governance landscape of the States and UTs. NeSDA is first of its kind initiative in India. The first edition - National
e-Governance Service Delivery Assessment 2019 was released during 23rd National e-Governance Conference in
February 2020 held in Mumbai.
The framework covers six sectors, viz. Finance, Labour & Employment, Education, Local Government & Utilities, Social
Welfare (including Agriculture & Health) and Environment (including Fire) sectors.
Centre's IT spends to grow 12% to $9.5 billion in 2022, says Gartner
 According to a report by research firm Gartner, the government's spending on information and
technology will grow 12.1 per cent to USD 9.5 billion in 2022.
 The growth estimate is less than a 15 per cent jump in the government's IT (Information and Technology)
spending in 2021, and higher than the 5 per cent growth estimated at the global level for 2022.
 The firm estimated software vertical to witness the highest growth at 27.9 per cent in 2022 to USD 2.195
billion, while the IT services vertical to grow 13.4 per cent to USD 2.40 billion.
 All the other segments will see single-digit growth percentages, with telecom services growth of 0.7 per
cent to USD 1.086 billion to be the slowest among those forecasted, while internal services will grow
5.5 per cent to USD 1.416 billion.
 Data centre systems spending by the government will grow 8.9 per cent to USD 639 million and devices
segment will grow 7.7 per cent to USD 1.775 billion.
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Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on
technology and shares this research both through private consulting as well as executive programs and conferences.
CEO: Eugene A. Hall Headquarters: Stamford, Connecticut, United States
Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
 Brand Finance has released the ‘Hotels 50 2022’ annual report.

 As per the report, Indian Hotels Company's Taj has been rated the world’s strongest hotel brand while
Hilton (brand value up 58 per cent to US$12.0 billion) has extended its reign as the world’s most valuable
hotels brand.
 Taj received an overall Brand Strength Index of 88.9 out of 100, with a corresponding AAA rating for
customer familiarity, employee satisfaction and corporate reputation as well as its world-class customer
service.
Labour survey reveals sharp drop in jobless rate in 2020-21
 According to the fourth annual report on the Periodic Labour Force Survey (PLFS) conducted during
July 2020 and June 2021 by the NSO, the unemployment rate fell to 7.5% in the current weekly status
(CWS, unemployment over the past week) in the period from 8.8% in the previous two years and 8.9% in
2017-18.
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 The unemployment rate saw a decrease of 0.6% and fell to 4.2% in 2020-21, compared with
4.8% in 2019-20.
 the unemployment rate saw a decrease of 0.6% and fell to 4.2% in 2020-21, compared with 4.8%
in 2019-20.
 Unemployment rate is defined as the percentage of persons unemployed among the persons in the labour
force.
 According to the fourth annual PLFS report, the labour force participation rate (LFPR), or those working
or seeking or available for work in the labour force, was the highest in four years at 39.3% in 2020-21, as
was the worker population ratio (WPR) at 36.3%.
 WPR is defined as the percentage of employed persons in the population. The higher LFPR indicates that
people are not despondent with the job market.
 NSO launched the PLFS in April 2017. The first annual report (July 2017-June 2018) was released in May
2019, the second (July 2018-June 2019) in June 2020 and the third (July 2019-June 2020) was released
in July 2021.
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About PLFS
The Periodic Labour Force Survey (PLFS) was designed with two major objectives for measurement of employment
and unemployment.
The first was to measure the dynamics in labour force participation and employment status in the short time interval
of three months for only the urban areas in the Current Weekly Status (CWS).
Second one was, for both rural and urban areas, to measure the labour force estimates on key parameters in both
usual status (ps+ss) and Current Weekly Status.
About Ministry of Statistics and Programme

Founded 15 October 1999 Officeholders: Rao Inderjit Singh
Bengaluru ranks 5th globally for tech VC investments in 2022: Report
 The Global Startup Ecosystem Report was launched by innovation policy advisory and research firm
Startup Genome at the London Tech Week 2022 (June 13-17).
 As per the report, Bengaluru has claimed the number one spot in Asia and the fifth rank globally for tech
venture capital investment this year.
 According to the Global Startup Ecosystem Report, the Asian tech start-up community is undergoing a
massive transformation.
 The ecosystem once dominated by Beijing, Singapore, Hong Kong and Korea is now being considerably
disrupted by Indian cities like Bengaluru, Mumbai and Delhi. Bengaluru ranked 22nd in the start-up
ecosystem globally due to major improvements in its market reach, while Delhi moved up an impressive
11 places to 26, and Mumbai was placed 36th.
World Competitiveness Index 2022
 Switzerland-based Institute of Management Development (IMD) has released the World

Competitiveness Index 2022.
About the Index: IMD's 2022 World Competitiveness Ranking measured the economic competitiveness
of 63 economies by analysing 163 pieces of hard data, taken from multiple sources and covering the
2021 period. It added its survey responses to this; the majority of answers were given in the first quarter
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of 2022 by senior executives. All data was then fed into four factors -- economic performance,
government efficiency, business efficiency and infrastructure, each with sub-factors.
Key Findings: The three most important trends found to be impacting businesses in 2022 are
inflationary pressures (50 per cent), geopolitical conflicts (49 per cent) and supply chain bottlenecks
(48 per cent) with COVID being the fourth (43 per cent).
Top Ranked Nations: Denmark has moved to the top of the 63-nation list from the third position last
year, while Switzerland slipped from the top ranking to the second position and Singapore regained the
third spot. Others in the top 10 include Sweden at the fourth position, followed by Hong Kong SAR (5th),
the Netherlands (6th), Taiwan (7th), Finland (8th), Norway (9th) and the USA (10th).
Top Ranked Asian Nations:Meanwhile, the top-performing Asian economies are Singapore (3rd), Hong
Kong (5th), Taiwan (7th), China (17th) and Australia (19th).
India’s Rank: India has jumped six positions to 37th rank on the annual World Competitiveness Index for
the year 2022 on the back of better economic performance. India's ranking in the index has improved after
no change for three years i.e. 2019, 2020 and 2021. During these years, India's competitive ranking stayed
the same at 43. In 2018, it was 44.
Nearly 5 mn in India displaced due to climate change, disasters in 2021: UNHCR
 The annual Global Trends Report was released by the United Nations High Commissioner for
Refugees (UNHCR).
 According to the report, nearly five million people in India were internally displaced due to climate
change and disasters in 2021.
 The report highlighted that globally 100 million people were forced to flee their homes last year due to
violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies
from Africa to Afghanistan.
 According to the Internal Displacement Monitoring Centre, in 2021, there were 23.7 million new internal
displacements globally due to disasters (these are in addition to those internally displaced due to conflict
and violence). This represented a decrease of seven million, or 23 per cent, compared to the previous
year, the report said.
 The largest displacements in the context of disasters in 2021 occurred in China (6.0 million), the
Philippines (5.7 million) and India (4.9 million). Most disaster displacements during the year were
temporary.
 The majority of the internally displaced persons returned to their home areas, but 5.9 million people
worldwide remained displaced at the end of the year due to disasters.
 The UN agency said that the number of people forced to flee their homes has increased every year over
the past decade and stands at the highest level since records began, a trend that can be only reversed
by a new, concerted push towards peacemaking.
 By the end of 2021, those displaced by war, violence, persecution, and human rights abuses stood at
89.3 million, up eight per cent on a year earlier and well over double the figure of 10 years ago.
Learn Along
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June 2022
The United Nations High Commissioner for Refugees is a United Nations agency mandated to aid and protect
refugees, forcibly displaced communities, and stateless people, and to assist in their voluntary repatriation, local
integration or resettlement to a third country.
Headquarters: Geneva, Switzerland Founded: January 1951
In five years, 39% mobile users in India will use 5G: Ericsson report
 Swedish telecom gear maker Ericsson released a mobility report.

 Ericsson expects 500 million 5G mobile phone users in India by 2027, accounting for 39 per cent
of total customer base.
 Total mobile data traffic in the Indian region is estimated to grow by a factor of 4 between 2021 and
2027. This is driven by high growth in the number of smartphone users and an increase in average
usage per smartphone.
 The average data traffic per smartphone in the Indian region is the second highest globally. It is
projected to grow from 20GB in 2021 to around 50GB per month in 2027–a CAGR of 16 per cent.
 Globally, 5G will account for almost half of mobile subscriptions by 2027 accounting 4.4 billion
subscriptions, it said. Eighty per cent of this growth will come from the switch from 4G to 5G enabled
devices while a smaller contribution will be made by fixed wireless access and captive private networks.
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Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.
Headquarters: Stockholm, Sweden
CEO: Börje Ekholm
Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
 Brand Finance has released the ‘Hotels 50 2022’ annual report.

 As per the report, Indian Hotels Company's Taj has been rated the world’s strongest hotel brand while
Hilton (brand value up 58 per cent to US$12.0 billion) has extended its reign as the world’s most valuable
hotels brand.
 Taj received an overall Brand Strength Index of 88.9 out of 100, with a corresponding AAA rating for
customer familiarity, employee satisfaction and corporate reputation as well as its world-class customer
service.
Global Liveability Index 2022
 Economist Intelligence Unit (EIU), a sister company to The Economist released the annual index of
the world’s most liveable cities Global Liveability Index 2022.
 The EIU lined up 173 cities around the world when analysing factors such as health care, crime rates,
political stability, culture, infrastructure and access to green areas.
The EIU’s top 10 in 2022:

1. Vienna, Austria
2. Copenhagen, Denmark
3. Zurich, Switzerland
4. Calgary, Canada
5. Vancouver, Canada
6. Geneva, Switzerland
7. Frankfurt, Germany
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8. Toronto, Canada
9. Amsterdam, Netherlands
10. Osaka, Japan and Melbourne, Australia (tie)
Least Liveable City: The capital of war-torn Syria retained its place as least liveable city on the planet.
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The Economist Intelligence Unit is the research and analysis division of the Economist Group, providing forecasting
and advisory services through research and analysis, such as monthly country reports, five-year country economic
forecasts, country risk service reports, and industry reports.
Headquarters: London, UK Founded: 1946
Rapid transition to clean energy could create 1.5 crore jobs by 2025: Report
 The ‘We Mean Business Coalition’ and Cambridge Econometrics published a report, ‘Creating Jobs
and Cutting Bills: the economic opportunities of a clean energy transition’.
 According to it, a swift shift from fossil fuels to clean energy could lead to creation of 1.5 crore
new jobs in India by 2025 and increase savings on electricity bills.
 The report said India could witness eight dollars or 10 per cent reduction in per capita energy
expenditure by 2025 when compared with business as usual scenario.
 The reduction in per capita energy expenditure in India is projected to be 34 dollars or 31 per cent by
2030 and 74 dollars or 52 per cent by 2035 from the business as usual scenario.
 The report suggested that the governments set out national action plans this year to eliminate all fossil
fuel subsidies by 2025 and repurpose the monies towards energy efficiency, renewable energy, and
other measures to support a people-centred and equitable clean energy transition.
Rajasthan takes pole position for health insurance coverage: NFHS report
 The Rajasthan government’s focus on the health sector has taken the state to top position in the
country in regard to health insurance coverage.
 The National Family Health Survey-5 (2019-21) states 88 per cent of the households have at least
one member covered by a health scheme or health insurance in Rajasthan. The national figure
is 41 per cent.
 In NFHS-4 (2015-16), the health insurance coverage of households in Rajasthan was 19 per cent while
it was 29 per cent for India.
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The National Family Health Survey (NFHS) is a large-scale, multi-round survey conducted in a representative
sample of households throughout India. The NFHS survey provides state and national information for India on various
health parameters such as fertility, infant and child mortality, the practice of family planning, maternal and child health,
reproductive health, nutrition, anaemia, utilization and quality of health and family planning services.
India’s Booming Gig and Platform Economy: NITI Aayog report
 NITI Aayog released a first-of-its-kind report ‘India’s Booming Gig and Platform Economy’.
 According to it, the Indian gig workforce is expected to expand to 23.5 million workers by 2029-30,
a near 200 per cent jump from 7.7 million now.
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 The report estimates that gig workers will form 4.1 per cent of the total workforce in India by FY30,
from 1.5 per cent now.
 The report stated that gig work is expanding in all sectors, but 47 per cent of the jobs are medium-
skilled, about 22 per cent are high-skilled, and about 31 per cent are low-skilled.
Gig workers: Gig workers are those engaged in livelihoods outside the traditional employer-employee
arrangement — can be broadly classified into platform and non-platform-based workers. Platform workers
are those whose work is based on online software apps or digital platforms such as food aggregator
platforms Zomato, Swiggy, Ola, and others. Non-platform gig workers are generally casual wage and own-
account workers in conventional sectors, engaged part-time or full-time.
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Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study

 A study was conducted by e-commerce enablement platform Shiprocket in collaboration with
Confederation of Indian Industries (CII) and Praxis Global Alliance, a global management
consulting and advisory services firm.
 According to the report, Direct-to-consumer (D2C) brands are estimated to become a $60 billion
industry by FY27, growing at a CAGR (compound annual growth rate) of about 40 per cent.
 D2C is a $12 billion market currently and is growing rapidly. The report states that several D2C brands
in India have crossed Rs 100 crore in revenue within 3-5 years after their launch.
 To reduce their reliance on marketplaces, even traditional brands are increasingly developing their
direct-to-customer channels such as websites, apps and social media handles to reach out and sell to
their customers.
NITI Aayog and TIFAC Launch Report on Future Penetration of Electric Two-Wheelers
 NITI Aayog and TIFAC launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers
in India’, on 28 June.
 The report provides a much-needed tool to the industry, researchers, academicians, and
policymakers to analyze and respond to various scenarios.
 The report forecasts 100% penetration of electric two-wheelers in the Indian market by FY 2026–27.
 In another scenario, which is technology driven and where current incentives are withdrawn by 2024,
the report predicts 72% penetration by 2031.
 The eight scenarios considered are:
1. Challenged Diffusion
2. Performance Driven
3. Low Battery Cost
4. Technology Driven
5. Incentive Driven
6. Battery Cost Challenged
7. Same Performance
8. Optimistic
Key points :
 In the ‘Technology Driven’ scenario, if an R&D programme manages to enhance the range and power
of electric two-wheelers by 5% annually between FY 2023–24 and 2025–26, and by 10% in FY 2026–
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June 2022
2027, then the penetration of electric-two wheelers may reach about 72% in FY 2031–32—even with
no extension of demand incentives.
 The sale of electric two-wheelers may cross 220 lakh units in FY 2028–29 under the ‘Optimistic’, ‘Same
Performance’ and ‘Battery Cost Challenged’ scenarios. It may reach 180 lakh units under the
‘Technology-Driven’ scenario. Under the ‘Incentive Drive’ scenario, the sale is expected to reach only
55 lakh units in FY 2031.
 If there is sufficient installed capacity of electric two-wheelers and charging infrastructure, then sale
(which finally reaches about 250 lakh units) may at some point even surpass the production under the
‘Optimistic’, ‘Same Performance’ and ‘Battery Cost Challenged’ scenarios.
 The report provides important insights into the required infrastructure, manufacturing capability, policies,
and technology-development priorities in the area.
Learn Along:
About NITI Aayog
Formed: 1 January 2015 Headquarters: New Delhi Chairperson: Narendra Modi
Mumbai, Delhi most expensive cities for expatriates in India: Mercer study
 According to Mercer's 2022 Cost of Living survey, Mumbai (127) is the costliest city in India in terms
of both living expenses and accommodation costs. This is followed by New Delhi (155), Chennai
(177), Bengaluru (178), and Hyderabad (192), while Pune (201) and Kolkata (203) are the least
expensive Indian cities in the ranking.
 Mumbai and Delhi rank among the top 40 most expensive cities in Asia for expatriates, and Kolkata is
the least expensive city.
 The Cost of Living survey was conducted in March 2022. This year's ranking compares the prices of
more than 200 commodities, including housing, transportation, food, clothing, household goods, and
entertainment in 227 cities spread across five continents. Mercer revamped its Cost of Living
methodology this year with new items such as smartwatches, tablet computers and smartphones added
to the basket and non-relevant items such as music CDs and video movie rentals removed.
India will have 122 new unicorns in 4 years: Hurun Research report
 Hurun Research Institute released a report on the ASK Private Wealth Hurun India Future Unicorn
Index 2022.
 Hurun Research Institute’s ranking considers Indian start-ups founded in the 2000s, valued at least
$200 million, and not yet listed on a public exchange. The index has classified companies as would-be
unicorns (those founded after 2000 and valued at least $1 billion), gazelles (those most likely to become
unicorns in two years), and cheetahs (start-ups that could go unicorn in four years).
 According to the report, India will have 122 new unicorns--startups valued each at more than $1
billion--in the next two to four years,.
 Hurun Research identified 122 future unicorns in 25 Indian cities.
 Key highlights of ASK Private Wealth Hurun India Future Unicorn Index 2022:
o India will have 122 new Unicorns in the next 2 to 4 years.
o The country now has 84 Unicorns, 51 Gazelles and 71 Cheetahs, as against 51 Unicorns, 32 Gazelles
and 54 Cheetahs in 2021 Index.
o India’s future Unicorns are currently worth $ 49bn, with an increase of 36% as compared to last year.
o 17 Gazelles and 7 Cheetahs, from last year’s index, hit Unicorn valuation this year.
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o Bengaluru continues to be the start-up capital of India. Bengaluru is home to 46 probable Unicorns
followed by Delhi NCR (25) and Mumbai (16).
o E-commerce, FinTech, and SaaS comprise 43% of the index.
o Sequoia is the most active investor followed by Tiger Global.
o Companies featured in the index employ more than 82,300 people.
Forecasting Penetration of Electric Two-Wheelers in India
 NITI Aayog and TIFAC launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in
India’.
 Using a tool made by NITI Aayog and TIFAC, eight scenarios have been developed for analyzing the
future penetration of electric two-wheelers in the country.
 The eight scenarios considered are:
1. Challenged Diffusion
2. Performance Driven
3. Low Battery Cost
4. Technology Driven
5. Incentive Driven
6. Battery Cost Challenged
7. Same Performance
8. Optimistic
 The future scenarios have been constructed on the basis of three major factors that influence the
market penetration of electric two-wheelers: (i) demand incentives (ii) cost of battery (iii) vehicle
performance in terms of both range and power.
 Four broad constraint levels have also been identified for the eight scenarios, in terms of installed
vehicle manufacturing capacity and available charging infrastructure: (i) full constraint (where both
vehicle production and charging infrastructure are constraints) (ii) production constraint (where
only vehicle production is a constraint) (iii) charge constraint (where only the charging
infrastructure is a constraint) (iv) no constraint.
 The report provides important insights into the required infrastructure, manufacturing capability, policies,
and technology-development priorities in the area.
 The scenarios can be used by government agencies, the industry, and academic/R&D institutions for
evidence-based analysis of policies, market scenarios and technology development strategies.
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Harnessing Green Hydrogen: Opportunities for Deep Decarbonisation in India
 A new report is released by NITI Aayog and Rocky Mountain Institute (RMI), named Harnessing
Green Hydrogen: Opportunities for Deep Decarbonisation in India.
 The report highlights that green hydrogen can substantially spur industrial decarbonisation and
economic growth for India in the coming decades. It provides a pathway to accelerate the
emergence of a green hydrogen economy, which is critical for India to achieve its net-zero ambitions by
2070.
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June 2022
 The report underscores that green hydrogen—produced by renewable energy through electrolysis of
water—will be crucial for achieving decarbonisation of harder-to-abate sectors such as, fertilisers,
refining, methanol, maritime shipping, iron & steel and transport.
 The report describes pathways that can capture the benefits of green hydrogen:
o Near-term policy measures can bring down the current costs of green hydrogen to make it
competitive with the existing grey hydrogen (hydrogen produced by natural gas) prices. Medium-
term price targets should be set to guide the industry towards making green hydrogen the most
competitive form of hydrogen.
o Government can encourage near term market development by identifying industrial clusters and
enacting associated viability gap funding, mandates and targets.
o Opportunities around research and development and manufacturing of components like
electrolysers need to be identified and appropriately encouraged with adequate financial
mechanisms such as production-linked incentive (PLI) schemes to enable 25 GW ofmanufacturing
capacity of electrolysers by 2028.
o A globally competitive green hydrogen industry can lead to exports in green hydrogen and
hydrogen-embedded low-carbon products like green ammonia and green steel that can unlock 95
GW of electrolysis capacity in the nation by 2030.
SCIENCE AND TECHNOLOGY

A Unique Liquid-Mirror Telescope sees first light in the Indian Himalayas
 A telescope, commissioned at Devasthal,a hill in Uttarakhand, located at an altitude of 2450 metres

will help in surveying and identifying transient or variable objects such as supernovae, gravitational
lenses, space debris, and asteroids.
 It is the first liquid mirror telescope in the country and the largest in Asia.
 It is Built by astronomers from India, Belgium and Canada.
Learn Along:
About ARIES
Devasthal Observatory campus of Aryabhatta Research Institute of Observational Sciences (ARIES) is an autonomous
institute under the Department of Science and Technology (DST), Govt. of India in Nainital district, Uttarakhand.
Delhi airport introduces RFID tags
 In a first in India, the Indira Gandhi International Airport in Delhi introduced radio-frequency
identification (RFID) enabled baggage tags which will give passengers real-time information about the
location of their luggage.
 The RFID technology will be personalised and help arriving passengers keep track of their check-in
luggage.
 The bag tags will be called ‘Bagg Trax’.
Corbevax gets approval as first mix-and-match booster vaccine
 Vaccine manufacturer Biological E’s protein sub-unit Covid-19 vaccine Corbevax has become the first
to be approved by the country’s drug regulator as a heterologous booster in adults.,
 It means those who have received Covishield or Covaxin as their first or second dose can take it as a
third booster shot.
Monthly BeePedia
June 2022
Cabinet approves Transfer of 10 In-orbit Communication Satellites
 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the transfer of
10 in-orbit communication satellites from Government of India (Gol) to M/s.NewSpace India Ltd.
(NSIL), a wholly owned Public Sector Enterprise of GOI under the administrative control of the
Department of Space.
 The Union Cabinet has also approved increasing the authorized share capital of NSIL from Rs.1000
crore to Rs.7500 crore.
 This approval is expected to trigger domestic economic activity in space sector and increase
India's share in the global space market.
 The Space Sector reforms mandated NSIL to undertake end-to-end commercial space activities and
function as a full-fledged satellite operator.
Learn Along:
About NSIL Founded: 6 March 2019 CMD: Radhakrishnan Durairaj
Director,Technical & Strategy: A. Arunachalam Headquarters: Bengaluru, Karnataka
Shri Narendra Singh Tomar launches Animal Vaccine and Kits
 Union Minister of Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar launched Animal
Vaccine and other Diagnostic Kits developed by the ICAR-National Research Centre on Equines,
Hisar, Haryana.
 The Ancovax Vaccine on Equines is an inactivated SARS-CoV-2 Delta (COVID-19) Vaccine for Animals.
 The diagnostic kits launched include CAN-CoV-2 ELISA Kit.
 It is a sensitive and specific nucleocapsid protein based indirect ELISA Kit for antibody detection against
SARS-CoV-2 in Canines.
Learn Along:
About ICAR Established: 16 July 1929 Director: Trilochan Mohapatra
ICMR, DBT, US body to work on HIV, Covid cures
 The Union Cabinet approved the signing of a memorandum of understanding between the Indian
Council of Medical Research (ICMR), Department of Biotechnology (DBT), and the International
AIDS Vaccine Initiative (IAVI)-USA for development of new biomedical technologies for tackling HIV,
TB, Covid-19, and other emerging infectious and neglected diseases.
 The current MoU will bring all three organisations together on product development for the infections,
preclinical and clinical trials, behavioural research, and low cost manufacturing.
Learn Along:
About ICMR Founded: 1911 Headquarters: New Delhi
About DBT
Founded: 1986 Headquarters: New Delhi Minister of Science and Technology: Jitendra Singh
IIT-G develops prosthetic leg for Indian conditions
 Researchers at the Indian Institute of Technology Guwahati (IIT-G) have developed a prosthetic
leg that allows its user to sit cross-legged and squat deep and is suitable for uneven terrain.
 Designed for Indian conditions, the prosthetic leg is also adjustable for different age groups and multiple
stages of prosthetic use.
 It has been tested to support up to 100-kg body weight and entails a cost of about ₹25,000.
Monthly BeePedia
June 2022
Internet Explorer retires on June 15
 Microsoft will stop supporting its Internet Explorer browser from June 15, which has been around for
27 years.
 Microsoft is completely phasing out Internet Explorer after stopping new browser feature development
in 2016.
Learn Along:
 The browser was first released as an add-on for Windows 95 in 1995.
 It was later made available for free as part of the Windows 95 package.
About Microsoft
Founded: 4 April 1975 Headquarters: Redmond, Washington, United States CEO: Satya Nadella
Four new corals recorded from Indian waters
 Scientists have recorded four new species of azooxanthellate corals for the first time from the waters
off the Andaman and Nicobar Islands.
 The details of the new species have been published in Thalassas: An International Journal of Marine
Sciences.
 All the four groups of corals are from the same family, Flabellidae.
 Truncatoflabellum crassum, T. incrustatum, T. aculeatum, and T. irregulare under the family
Flabellidae were previously found in Japan, the Philippines and Australian waters, while only T.
crassum was reported with the range of Indo-West Pacific distribution.
Learn Along:
 The azooxanthellate corals are a group of corals that do not contain zooxanthellae and derive nourishment not from
the sun but from capturing different forms of planktons.
 They are deep-sea representatives with the majority of species being reported from depths between 200 metres and
1,000 metres.
 They are also reported from shallow waters unlike zooxanthellate corals that are restricted to shallow waters.
World's largest bacterium discovered
 Scientists have discovered the world’s largest known bacterium in the brackish waters of a red
mangrove swamp in Guadeloupe in the Lesser Antilles.
 This latest discovery of bacteria is the first that is visible to naked eye and it is in the form of white
filaments, almost the size of human eyelashes.
Important Facts
1. The world's largest bacteria is about 1 centimetre in length.
2. It is the biggest single-cell bacteria found up till now.
3. The filament-like organism is named Thiomargarita Magnifica.
4. The strange bacteria is about 50 times bigger than any other known bacteria.
Learn Along:
 The world's largest bacteria was first discovered by Olivier Gros in 2009.
 Gros is a marine biology professor at the Université des Antilles in Guadeloupe.
 He found the bacteria while exploring the mangroves, searching for symbiotic bacteria in the mangrove ecosystem.
Why is the discovery unusual?

 The discovery is important and unusual as according to models of cell metabolism, bacteria should not simply
grow so big.
Monthly BeePedia
June 2022
 Scientists had previously suggested an upper possible size limit about 100 times smaller than the new bacteria.
New genus of treeshrew from Ramnagar in Jammu and Kashmir
 Scientists from the Wadia Institute of Himalayan Geology (WIHG), an autonomous institute of
Department of Science and Technology (DST) found fossils of the new genus and species of
treeshrew (known as Sivatupaia ramnagarensis) from the middle Miocene (extends from about 23.03
to 5.333 million years ago) site of Ramnagar in Jammu and Kashmir.
 This treeshrew currently represents the oldest record of fossil tupaiids in the Siwaliks, extending
their time range by 2.5–4.0 Million Years in the region and can help provide a more precise age estimate
for this Ramnagar locality lying in the Udhampur District (UT-Jammu & Kashmir).
Learn Along:
About Treeshrew
 Treeshrews, in particular, are very rare elements of the fossil record, with only a few species known throughout
the entire Cenozoic era.
Image Source:PIB
About Jammu and Kashmir
Union territory: 31 October 2019 Capital: Srinagar(Summer); Jammu(Winter)
Lieutenant Governor: Manoj Sinha
DEFENCE
11th INDIA - ITALY MILITARY COOPERATION GROUP (MCG) MEETING
 11th edition of India - Italy Military Cooperation Group (MCG) meeting was held from 31 May 2022
to 01 June 22 at Rome, Italy.
 India - Italy Military Cooperation Group (MCG) is a forum established to boost defence cooperation
between the both countries through regular talks at the strategic and operational levels between
Headquarters, Integrated Defence Staff and the Joint Staff HQ of Italian Armed Forces.
Learn Along
About Italy Capital: Rome Currency: Euro
HAL to convert passenger aircraft into fuel tankers
Monthly BeePedia
June 2022
 Hindustan Aeronautics Ltd, (HAL) will convert six Boeing-767 civilian aircraft into mid-air refuellers
for the Indian Air Force (IAF), for which it had entered into an agreement with Israel Aerospace
Industries (IAI) in April.
 HAL is looking at converting Boeing-747s of Air India for a dedicated cargo role.
 The aircraft available with Air India have been recently pulled out from civilian service as they completed
20 years. The feasibility of conversion is being ascertained.
 Mid-air refuelling significantly enhances the range and payload of fighter jets. It also allows aircraft to
stay in the air much beyond their normal limits allowing better exploitation of the platform’s capabilities.
Learn Along
Hindustan Aeronautics Headquarters: Bengaluru Chairman & MD: R. Madhavan
Limited (HAL)
MOU FOR IAF HERITAGE CENTRE AT CHANDIGARH
 An MoU was signed between UT of Chandigarh and IAF for setting up the IAF Heritage Centre at
Chandigarh.
 This Heritage Centre will have artefacts, simulator and interactive boards to highlight various facets of
IAF.
 It will also showcase the vital role played by the Service in various wars and assistance rendered for
humanitarian assistance and disaster relief.
 This joint project of Administration of UT Chandigarh and IAF is planned to be completed by October
2022.
NCC’S PUNEET SAGAR CAMPAIGN
 NCC has launched the latest phase of its nationwide flagship campaign ‘Puneet Sagar Abhiyan’ on 30
May 2022 and it will continue till 5th June 2022, the World Environment Day.
 The purpose of the Abhiyan is to educate locals and sensitise them about ‘Swachh Bharat’.
 Puneet Sagar Abhiyan was launched by NCC to clean Sea Shores/Beaches and other water bodies
including rivers & lakes, of plastic & other waste and increase awareness amongst the local population
about importance of keeping the beaches and river fronts clean.
 The campaign has continued unabated with full fervour since its launch in December 2021. Drawing,
poster making, essay writing, poetry, article writing, debate, etc are also being conducted at various
locations during the campaign.
Learn Along:
About NCC
Founded: 16 April 1948 Headquarters: New Delhi Director General: Lt. Gen. Gurbirpal Singh
INDIA BANGLADESH JOINT MILITARY EXERCISE “EX SAMPRITI-X”
 A joint military training exercise Ex SAMPRITI-X is being conducted at Jashore Military Station in
Bangladesh from 05 June to 16 June 2022.
 Exercise SAMPRITI is an important bilateral defence cooperation endeavour conducted alternately by
India and Bangladesh which aims to strengthen and widen the aspects of interoperability and
cooperation between both the armies.
 The Indian contingent of company strength is being represented by a Battalion of the DOGRA
Regiment.
Learn Along
About Bangladesh Capital: Dhaka Currency: Bangladeshi taka
Monthly BeePedia
June 2022
Intermediate Range Ballistic Missile, Agni-4, successfully tested
 A successful training launch of an Intermediate Range Ballistic Missile, Agni-4, was carried out on
June 06, 2022 from APJ Abdul Kalam Island, Odisha.
 The successful test was part of routine user training launches carried out under the aegis of the Strategic
Forces Command.
 The launch validated all operational parameters as also the reliability of the system.
 The successful test reaffirms India's policy of having a 'Credible Minimum Deterrence' Capability.
Learn Along:
About Agni IV
 Agni-IV is the fourth in the Agni series of missiles which was earlier known as Agni II prime.
 Developed by: India's DRDO (Defence Research and Development Organisation)
 Range : more than 3,500 km and can fire from a road mobile launcher.
About DRDO Headquarters: New Delhi Agency Executive: Dr. G. Satheesh

Reddy
“Ex Khaan Quest 2022” Hosted By Mongolia
 A Multinational Peacekeeping exercise “Ex Khaan Quest 2022” featuring participation from military
contingents from 16 countries has commenced in Mongolia.
 Indian Army is represented by a contingent from the LADAKH SCOUTS.
 The 14 day exercise is aimed at enhancing interoperability, building military to military
relationships, developing peace support operations and military readiness among participating
nations.
 The exercise will also enable sharing of best practices between the Armed Forces of participating
nations and will include field training exercises, combat discussions, lectures and demonstration.
 The military exercise will enhance the level of defence co-operation between Indian Army and
participating countries especially with the Mongolian Armed Forces which will enhance bilateral relations
between the two countries.
Leartn Along:
About Mangolia Capital: Ulaanbaatar Currency: Mongolian tögrög
₹76,390-cr. defence projects get nod
 Defence Acquisition Council meeting chaired by Raksha Mantri Rajnath Singh, cleared capital
acquisition proposals of the Armed Forces amounting to ₹76,390 crore to ‘Buy (Indian)’, ‘Buy & Make
(Indian)’ and ‘Buy (Indian-IDDM)’ categories.
For Army:
 Rough Terrain Fork Lift Trucks (RTFLTs)
 Bridge Laying Tanks (BLTs)
 Wheeled Armoured Fighting Vehicles (Wh AFVs) with Anti-Tank Guided Missiles (ATGMs) and Weapon
Locating Radars (WLRs) .
Indian Navy:
 DAC accorded AoN for procuring Next Generation Corvettes (NGC) at an estimated cost of ₹36,000
crore.
Monthly BeePedia
June 2022
 The NGCs will be used for surveillance missions, escort operations, deterrence, Surface Action
Group (SAG) operations, Search & Attack and Coastal Defence.
Indian Airforce:
 AoNs have been issued for manufacture of Dornier Aircrafts and Su-30 MKI aero-engines by the
Navratna CPSE M/s Hindustan Aeronautics Limited with focus on enhancing indigenisation particularly in
indigenising aero-engine material.
 In pursuance of the vision for digital transformation in Defence, ‘Digital Coast Guard’ project under
‘Buy (Indian) Category has been approved by the DAC.
 Under this project, a pan India secure network for digitising of various surface and aviation operations,
logistics, finance and HR processes in Coast Guard will be established.
INS Satpura visits Manila
 Towards enhancing military cooperation with the navies of friendly foreign countries, Indian Naval
Ship Satpura on a deployment to the South China Sea (SCS) and West Pacific, visited Manila from 03
to 06 June 2022.
 The visit was aimed at strengthening mutual working relationships and interoperability between the
Indian Navy and the Philippines Navy.
Learn along:
About INS Satpura
 INS Satpura is an indigenously designed and built 6000 tonnes guided missile stealth frigate equipped to seek and
destroy adversaries in air, surface and undersea.
 The ship is a part of the Eastern Fleet based at Visakhapatnam.
India and Vietnam sign mutual logistics agreement
 India and Vietnam signed a Memorandum of Understanding (MoU) on mutual logistics support.
 The Defence Ministers signed the ‘Joint Vision Statement on India-Vietnam Defence Partnership
towards 2030’, which will significantly enhance the scope and scale of existing defence
cooperation.
 Both countries also agreed for early finalisation of $US 500 million Defence Line of Credit extended
to Vietnam.
 India also announced gifting two simulators and monetary grant towards setting up of Language and
IT Lab at Air Force Officers Training School for capacity building of Vietnamese armed forces.
Learn Along:
 India has signed several logistics agreements including with all Quad countries, France, Singapore and South
Korea beginning with the Logistics Exchange Memorandum of Agreement with the U.S. in 2016.
 Logistics agreements are administrative arrangements facilitating access to military facilities for exchange of fuel
and provisions on mutual agreement simplifying logistical support and increasing operational turnaround of the
military when operating away from India.
About Vietnam Capital: Hanoi Currency: Vietnamese dong
12 High Speed Guard Boats constructed under India’s $US 100 million Line of Credit handed over
to Vietnam
Monthly BeePedia
June 2022
 Raksha Mantri Shri Rajnath Singh handed over 12 High Speed Guard Boats to Vietnam during his visit
to Hong Ha Shipyard in Hai Phong on June 09, 2022.
 The boats have been constructed under the Government of India’s $US 100 million Defence Line of
Credit to Vietnam.
 The initial five boats were built in the Larsen & Toubro (L&T) Shipyard in India and the other seven
in Hong Ha Shipyard.
Learn Along:
 The Raksha Mantri is on a three-day official visit to Vietnam. Both sides signed a ‘Joint Vision Statement on India-
Vietnam Defence Partnership towards 2030’ to enhance defence cooperation.
 An MoU to simplify procedures for mutually beneficial logistic support was also inked between the two
countries.
About Vietnam Capital: Hanoi Currency: Vietnamese dong
38th India-Indonesia Coordinated Patrol begins in Andaman Sea and Straits of Malacca
 The 38th India-Indonesia Coordinated Patrol (IND-INDO CORPAT) between the Indian Navy Units
of Andaman & Nicobar Command (ANC) and Indonesian Navy is being conducted from June 13 to
24 2022 in the Andaman Sea and Straits of Malacca.
 The 38th CORPAT is the first post pandemic Coordinated Patrol (CORPAT) between the two
countries.
 The IND-INDO CORPAT contributes towards forging strong bonds of friendship across the Andaman
Sea and Straits of Malacca.
Learn Along:
About Indonesia Capital: Jakarta Currency: Indonesian rupiah
Govt. unveils Agnipath recruitment scheme
 The Union Cabinet approved an attractive recruitment scheme for Indian youth to serve in the
Armed Forces.
 The scheme is called AGNIPATH and the youth selected under this scheme will be known as
Agniveers.
 This is a major defence policy reform introduced by the Government to usher in a new era in the Human
Resource policy of the three Services.
 The ‘Seva Nidhi’ will be exempt from Income Tax. There shall be no entitlement to gratuity and
pensionary benefits.
 Agniveers will be provided non-contributory Life Insurance Cover of Rs 48 lakhs for the duration of
their engagement period in the Indian Armed Forces.
Learn Along:
About The Agnipath Scheme:
 The AGNIPATH Scheme has been designed to enable a youthful profile of the Armed Forces. It will provide an
opportunity to the youth who may be keen to don the uniform by attracting young talent from the society who are
more in tune with contemporary technological trends and plough back skilled, disciplined and motivated manpower
into the society.
 Advantage
o A transformative reform of recruitment policy of the Armed Forces
o A unique opportunity to the youth to serve the country and contribute to Nation Building
o Armed Forces profile to be youthful and dynamic
Monthly BeePedia
June 2022
o Attractive financial package for the Agniveers.

o Opportunity for Agniveers to train in the best institutions and enhance their skills & qualifications.
o Availability of well disciplined and skilled youth with military ethos in civil society.
o Adequate re-employment opportunities for those returning to society and who could emerge as role
models for the youth
 Under the AGNIPATH scheme, the Agniveers will be enrolled in the Forces under respective Service Acts for a
period of four years. They would form a distinct rank in the Armed Forces, different from any other existing ranks.
Upon the completion of four years of service, based on organisational requirement and policies promulgated by
the Armed Forces from time-to-time, Agniveers will be offered an opportunity to apply for permanent enrolment in
the Armed Forces.
Short-Range Ballistic Missile, Prithvi-II, successfully tested
 India successfully test-fired it’s indigenously developed nuclear capable Prithvi-II missile from a
test range off the Odisha coast.
 The surface-to-surface missile Prithvi II has a strike range of 350 km.
 Prithvi-II is capable of carrying 500-1,000 kilogram of warheads and is powered by liquid propulsion
twin engines.
 The state-of-the-art missile uses advanced inertial guidance system with manoeuvring trajectory to
hit its target.
Learn Along:
About Prithvi
 Already inducted into the armory of Indian defence forces in 2003, the nine-meter-tall, single-stage liquid-
fuelled “Prithvi” is the first missile to have been developed by the DRDO under the Integrated Guided Missile
Development Programme (IGMDP).
About DRDO
Headquarters: New Delhi Founded: 1958 Chairman: G Satish Reddy
“EX SAMPRITI-X” CONCLUDES AT JASHORE, BANGLADESH
 The 10th edition of Indo-Bangladesh bilateral Joint Military Exercise “Ex SAMPRITI-X” concluded
at Jashore Military Station, Bangladesh.
 The aim of the exercise was to strengthen the military relations between the two countries.
 The exercise also provided an opportunity to the contingents from both the Armies to understand each
other’s tactical drills and operational techniques as well as to share their experience on Counter
Insurgency/ Counter Terrorism, Peace Keeping and Disaster Relief Operation under the United
Nations mandate.
Learn Along
About Bangladesh Capital: Dhaka Currency: Bangladeshi taka
MoU Signed between Indian Navy and NCMRWF
 National Centre for Medium Range Weather Forecasting (NCMRWF), Ministry of Earth Sciences,
signed Memorandum of Understanding (MoU) with Indian Navy, Ministry of Defence for
‘Cooperation on Numerical Model Based Applications in Meteorology and Oceanology’.
Monthly BeePedia
June 2022
 The purpose of this collaboration would be to share the expertise with the aim of keeping both
organisations in step with rapid development in the field of weather/ ocean modelling, coupled
modelling, data assimilation, ensemble forecasting and satellite data use.
Op SANKALP : 3RD YEAR OF INDIAN NAVY’S MARITIME SECURITY OPERATIONS
 Indian Navy’s stealth Frigate, INS Talwar is presently deployed for Op Sankalp commemorating the
3rd continuous year of Indian Navy’s presence in the Gulf for protection of India’s Maritime Interests.
 This operation is being progressed in close coordination with all stakeholders including Ministry of
Defence, Ministry of External Affairs, Ministry of Shipping, Ministry of Petroleum and Natural Gas and
DG, Shipping.
 Indian Navy continues to monitor the situation in the Gulf region and is maintaining presence in
the region to ensure security of our sea borne trade and the safety of Indian Flag Merchant Vessels
transiting through the region.
Learn Along:
Operation SANKALP
 In the milieu of the deteriorating security situation in the Gulf region, post attacks on merchant ships in the Gulf of
Oman in June 2019, Indian Navy had commenced Maritime Security Operations, code named ‘Op
SANKALP’, in the Gulf Region on 19 June 2019 to ensure safe passage of Indian Flag Vessels transiting through
the Strait of Hormuz.
MULTINATIONAL PEACEKEEPING EXERCISE "EX KHAAN QUEST – 2022” CONCLUDES AT

MONGOLIA
 The Multinational Peacekeeping Exercise “Ex Khaan Quest -2022” culminated at the Peace Support
Operations Training Centre in Ulaanbaatar at Mongolia.
 The exercise conducted from 06 June to 20 June 2022 provided a platform for mutual learning and
sharing best practices amongst the armies from 16 Nations.
Learn Along:
About Mongolia
Capital: Ulaanbaatar Currency: Mongolian tögrög President: Ukhnaagiin Khürelsükh
IIT-Madras to set up 5G test bed for Army
 The Army Training Command, Shimla, and The Indian Institute of Technology, Madras signed a
Memorandum of Understanding (MoU) to establish a 5G test bed at the Military College of
Telecommunication Engineering in Indore to facilitate the use of 5G technology for the Army along the
borders.
 The project would enable students and trainees at the college to be thoroughly familiar with the
advanced technologies embedded in the 5G system.
 The collaboration would provide an impetus to the induction of systems, devices and equipment using
niche technology and use of AI-based algorithms for enhancing capabilities of the Indian armed forces.
MoU signed between Directorate General of Shipping and Indian Navy for transition of Indian Navy
Personnel to Merchant Navy
 The Directorate General of Shipping under Ministry of Ports Shipping and Waterways has issued
DGS Order detailing 16 transition schemes for Indian Navy Personnel to Merchant Navy.
Monthly BeePedia
June 2022
 These Schemes enable smooth transition of the retiring Indian Navy Personnel into Merchant Navy by
acquiring necessary certification to work on Merchant Ships in accordance with the Standards of Training
Certification and Watchkeeping Convention of International Maritime Organisation.
 To implement these schemes, a Memorandum of Understanding (MoU) has been signed by Vice
Admiral Dinesh K Tripathi, AVSM, NM, Chief of Personnel on behalf of Indian Navy and Amitabh Kumar,
Director General of Shipping, on behalf of Directorate General of Shipping, Ministry of Ports Shipping
and Waterways, Govt. of India.
MoD approves ‘BRO cafes’ in border areas
 The Ministry of Defence approved the setting up of wayside amenities with the Border Roads
Organisation (BRO), to be branded as ‘BRO Cafes’, at 75 locations in 12 States and Union Territories
on different sections of roads.
 These are intended to provide basic amenities and comfort to tourists and lead to boosting of economic
activities in border areas, besides generating employment for the local people.
Learn Along:
About Ministry of Defence
Minister: Rajnath Singh
About Border Roads Organisation (BRO)

Founded: 7 May 1960 Headquarters: New Delhi Director General: Lt. Gen. Rajeev Chaudhary
38TH INDIA – INDONESIA COORDINATED PATROL (IND-INDO CORPAT)

 The 38th edition of India–Indonesia Coordinated Patrol (IND-INDO CORPAT) between Indian Navy
and Indonesian Navy is being conducted from 13-24 Jun 22.
 Indian Naval Ship INS Karmuk, an indigenously built Missile Corvette based at the Andaman and
Nicobar Command, along with a Dornier Maritime Patrol Aircraft, is participating in the CORPAT whilst
the Indonesian Navy is being represented by KRI Cut Nyak Dien, a Kapitan Pattimura (PARCHIM I)
class Corvette.
 The sea phase for the 38th edition of CORPAT was undertaken from 20 – 21 Jun 22, whilst the
closing ceremony is scheduled at Sabang, Indonesia on 23 June 22.
IAF TO CONDUCT ITS FIRST CAPSTONE SEMINAR
 The Indian Air Force is conducting the first Warfare & Aerospace Strategy Program (WASP)
culminating with a Capstone Seminar in New Delhi on 24 Jun 2022.
 This Capstone Seminar aims to showcase the learning objectives of WASP and help the IAF
leadership to validate the desired outcomes from the program.
Learn Along:
 The WASP was conceptualised by the IAF with the purpose of creating a pool of mid-career air power
practitioners with strategic acumen and a deep understanding of warfare history and theory.
 It aims to enhance the doctrinal vision of the participants and cultivate their aptitude for effective arguments
on strategy.
 It will further hone the ability of the participants to link varied thoughts and theories about whole-of-government
approach to statecraft.
Monthly BeePedia
June 2022
Ship-borne weapon system tested
 Indigenously developed Vertical Launch Short Range Surface to Air Missile (VL-SRSAM) was
successfully flight-tested by DRDO and the Navy from a warship at Integrated Test Range, Chandipur
off the coast of Odisha.
 It is a ship-borne weapon system meant for neutralising various aerial threats at close ranges.
 The launch of the system was conducted against a high speed aerial target mimicking aircraft.
Learn Along:
About DRDO
Headquarters: New Delhi Founded: 1958 Secretary: G. Satheesh Reddy
PADMA, the Centralised Pay System for Indian Coast Guard launched
 Pay Roll Automation for Disbursement of Monthly Allowances (PADMA), an automated Pay &
Allowances module for the Indian Coast Guard was inaugurated by Shri Rajnish Kumar, Controller
General of Defence Accounts (CGDA), Ministry of Defence, on June 28, 2022.
 PADMA is an automated platform leveraging latest technology which will provide seamless and timely
disbursal of Pay & Allowances to around 15,000 Indian Coast Guard personnel.
 This module has been developed under the aegis of Defense Accounts Department and will be
operated by Pay Accounts Office Coast Guard, Noida.
Learn Along:
About Indian Coast Guard
Founded: 1 February 1977 Headquarters: New Delhi
Motto: Vayam Rakṣāmaḥ Director General: Virender Singh Pathania
Indigenous Advanced Light Helicopter MK III squadron commissioned into Indian Coast Guard
 835 Squadron (CG), an indigenous Advanced Light Helicopter (ALH) MK III squadron, was
commissioned into Indian Coast Guard at its Air Enclave in Porbandar, Gujarat on June 28, 2022.
 The 835 Sqn (CG) is commanded by Commandant Sunil Dutt.
Learn Along:
About ALH MK III Helicopters
 The ALH MK III helicopters have been indigenously manufactured by Hindustan Aeronautics Limited (HAL).
 The aircraft has the ability to switch roles from an offensive platform with heavy machine gun to that of a benign one
carrying a Medical Intensive Care Unit to facilitate transfer of critically ill patients.
 13 ALH MK-III aircraft have been inducted in the Indian Coast Guard in a phased manner and four of these
aircraft are positioned at Porbandar.
 Since the induction, the squadron has conducted numerous operational missions, including the maiden night SAR
mission off Diu coast.
Laser-Guided ATGM successfully tested by DRDO & Indian Army
 Indigenously-developed Laser-Guided Anti-Tank Guided Missile (ATGM) was successfully test-fired

from Main Battle Tank (MBT) Arjun by Defence Research and Development Organisation (DRDO) and
Indian Army on June 28, 2022.
 The ATGM has been developed with multi-platform launch capability and is currently undergoing
technical evaluation trials from 120 mm rifled gun of MBT Arjun.
Learn Along:
About DRDO(Defence Research and Development Organisation)
Founded: 1958 Headquarters: New Delhi Chairman: G. Satheesh Reddy
Monthly BeePedia
June 2022
INS SATPURA ARRIVES AT PEARL HARBOUR IN HAWAII TO PARTICIPATE IN RIMPAC-22
 INS Satpura entered Pearl Harbour in Hawaii Islands on 27 Jun 22 to participate in RIMPAC-22.
 INS Satpura and one P8I maritime patrol aircraft from the Indian Navy are participating in one of the
largest multilateral Naval Exercises, the US Navy led biennial Rim of the Pacific (RIMPAC) exercise
2022.
 The exercise spanning over six weeks of intense operations and training is aimed at enhancing
interoperability and to build trust among Navies of friendly foreign countries.
 27 countries are participating in the current edition of the multi-dimensional exercise.
Learn Along:
About INS Satpura
 INS Satpura is an indigenously designed and built 6000-tonne guided missile stealth frigate equipped to seek
and destroy adversary in air, surface and underwater.
 A frontline unit of Eastern Fleet based at Visakhapatnam, INS Satpura is currently on an extended operational
deployment in the 75th year of India’s Independence.
India-Australia defence talks in Dehradun
 The Australian delegation is on a visit to India from June 25 to July 1.

 Armies of India and Australia held the ninth Army to Army Staff Talks in Dehradun which were
focused on joint military exercises, training cooperation and preparing a roadmap for enhanced defence
cooperation.
 Talks were held at the Indian Military Academy (IMA) and both sides reviewed the road map for
activities promoting defence cooperation like training courses between both the Armies, cadet exchange
programmes between pre-commission training academies, bilateral ex Austra hind, subject matter
expert exchange in niche domains, functional and high level visits, interaction between think tanks,
virtual interactions in field of medical and doctrinal exchanges.
 The two countries are set to commence the General Rawat Young Officer Exchange Programme
in the latter half of 2022.
Learn Along:
About Australia
Capital: Canberra Currency: Australian dollar Prime minister: Anthony Albanese
About IMA
Established: 10 December 1932 Location: Dehradun, Uttarakhand Motto: Veerta aur Vivek
High speed Expendable Aerial Target - ABHYAS - successfully flight-tested

 ABHYAS – High speed Expendable Aerial Target (HEAT) was successfully flight-tested from the
Integrated Test Range (ITR), Chandipur off the coast of Odisha on June 29, 2022.
 ABHYAS is designed & developed by Aeronautical Development Establishment of Defence
Research and Development Organisation (DRDO).
Learn Along:
About DRDO
Founded: 1958 Headquarters: New Delhi Chairman: G. Satheesh Reddy
Monthly BeePedia
June 2022
EVENTS
PM to inaugurate Biotech Startup Expo - 2022 at Pragati Maidan
 Prime Minister Shri Narendra Modi will inaugurate the Biotech Startup Expo - 2022 at Pragati Maidan,
New Delhi on 9th June.
 The Biotech Startup Expo – 2022 is being organised by the Department of Biotechnology and
Biotechnology Industry Research Assistance Council (BIRAC)
 It is being held to mark completion of ten years of setting up of BIRAC.
 The theme of the Expo is ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’.
MoS (Agriculture), Ms. Shobha Karandlaje represents India at the 12th Meeting of BRICS Agriculture
Ministers
 The 12th BRICS Agriculture Ministers Meeting was held virtually on 8 June 2022.
 The meeting was attended by the Ministers for Agriculture of China, South Africa, Brazil, Russia and
India.
 The BRICS Agriculture Ministers adopted a Joint Declaration of the Twelfth Meeting with the theme
“Strengthening BRICS Cooperation for Coordinated Agricultural and Rural Development” and also
the BRICS Strategy on Food Security Cooperation amongst BRICS member countries.
Learn Along:
About BRICS
BRICS is an acronym for the powerful grouping of the world's leading emerging market economies, namely Brazil,
Russia, India, China and South Africa.
The BRICS mechanism aims to promote peace, security, development and cooperation.
Headquarters: Shanghai,China
2021 BRICS summit was the 13th BRICS summit.
Motto: BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.
Prime Minister Shri Narendra Modi chaired the 13th BRICS Summit on 9 September 2021.
Special ASEAN-India Foreign Ministers’ meeting
 Marking the 30th anniversary of India-ASEAN dialogue relations and the 10th anniversary of the
country’s strategic partnership with ASEAN, India will host the Special ASEAN-India Foreign Ministers’
meeting on June 16-17.
 External Affairs Minister Dr S Jaishankar and Singapore’s Foreign Minister Vivian Balakrishnan will co-
chair the meeting.
 ASEAN-India Foreign Ministers’ meetings are hosted by the ASEAN chair on an annual basis .
 This will be the first Special ASEAN-India Foreign Ministers’ meeting to be hosted by India in New Delhi.
 It will be preceded by the 24th India-ASEAN senior officials meeting which will take place on June 15.
 The 12th edition of the Delhi Dialogue will also be hosted by India on June 16-17.
 The theme of the Delhi Dialogue is “Building Bridges in the Indo-Pacific.”
Learn Along:
About ASEAN:
ASEAN officially the Association of Southeast Asian Nations is a political and economic union of 10 member states
in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security,
military, educational, and sociocultural integration between its members and countries in Asia-Pacific. Member
Monthly BeePedia
June 2022
nations are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and
Vietnam.
Founded: 8 August 1967 Headquarters: Jakarta, Indonesia
ASEAN and India:

 India began formal engagement with ASEAN in 1992 as a “Sectoral Dialogue Partner” and subsequently as a
“Dialogue Partner” in 1996.
 The initial years as a Dialogue Partner (DP) entailed interaction at the Foreign Minister level which was further
upgraded to the Summit level in 2002 when the first such Summit level meeting was held.
 During the 25-year Commemorative Summit in New Delhi (January 2018), India and ASEAN have further agreed
that the Strategic Partnership will be focused on building cooperation in the maritime domain.
 On October 28, 2021, Prime Minister Narendra Modi co-chaired the 18th India-ASEAN Summit with Sultan Haji
Hassanal Bolkiah of Brunei.
Twelfth WTO Ministerial Conference
 The twelfth WTO Ministerial Conference is all set to begin from 12th June 2022 in Geneva, Switzerland
after a gap of almost five years.
 The key areas of discussions and negotiations this year’s conference include WTO’s response to the
pandemic, Fisheries subsidies negotiations, Agriculture issues including Public Stockholding for Food
security, WTO Reforms and Moratorium on Custom Duties on Electronic Transmission.
Learn Along:
About WTO
 The World Trade Organization is an intergovernmental organization that regulates and facilitates international
trade. Governments use the organization to establish, revise, and enforce the rules that govern international trade.
 Founded: 1 January 1995 Headquarters: Geneva, Switzerland
 India is a founding member of the WTO since 1 January 1995 and a member of GATT since 8 July 1948.
NCPCR To Celebrate Elimination of Child Labour Week During 12th To 20th June
 National Commission for Protection of Child Rights (NCPCR) is celebrating Elimination of Child
Labour Week in the honour of World Day Against Child Labour as part of “Azadi ka Amrit Mahotsav”
in different districts starting from 12th June to 20thJune, 2022 as a significance to pay attention to the
problem of child labour and to find ways to eradicate it.
Learn Along:
About NCPCR
Founded: March 2007 Headquarters: New Delhi, India Chairman: Priyank Kanoongo
 National Commission for Protection of Child Rights (NCPCR) has been constituted by the Government of
India, as a statutory body under section 3 of the Commissions for Protection of Child Rights (CPCR) Act,
2005 for dealing with the protection of child rights and related matters.
 Under section 13(1) of the Commissions for Protection of Child Rights (CPCR) Act, 2005, has provided certain
functions to ensure that the rights of children are protected especially the most vulnerable and marginalized.
 In addition, the Commission has also been mandated to monitor the implementation of the Juvenile Justice
(Care & Protection of Children) Act, 2015, Right of Children to Free & Compulsory Education (RTE) Act,
2009 and Prevention of Children from Sexual Offences Act, 2012.
Monthly BeePedia
June 2022
APEDA organizes 8-day-long mango festival in Bahrain
 Export Development Authority (APEDA) launched an eight-day-long Mango Festival in the Kingdom
of Bahrain on June 13 in association with the Indian Embassy and Al Jazira Group.
 At the show, 34 varieties of mangoes from eastern states of West Bengal, Bihar, Jharkhand, Uttar
Pradesh and Odisha, are being displayed at eight different locations of Bahrain's Al Jazira group
supermarket.
 The mango show will continue till June 20, 2022.
Learn Along:
 Mango in India is also referred to as the ‘king of fruits' and referred to as Kalpavriksha (wish-granting tree) in
ancient scriptures.
 While most of the states in India have mango plantations, Uttar Pradesh, Bihar, Andhra Pradesh, Telangana,
and Karnataka have a major share in the total production of the fruit.
 Alphonso, Kesar, Totapuri and Banganpalli are leading export varieties from India.
About Bahrain
Capita Manama Currency Bahraini dinar
World Of Work Summit In Geneva
 Union Minister For Labour & Employment Shri Bhupender Yadav participated in High Level Panel
discussion in Geneva organized by ILO under the World of Work summit.
 The theme of the discussion was “Tackling multiple global crises: promoting human centered
recovery and resilience”.
 The discussion mainly focussed on multiple challenges that the world of work is facing such as
worsening inequalities, demographic realities, unequal technological progress, informality,
climate change.
Learn Along:
About ILO
Formation: 11 April 1919 Headquarters: Geneva, Switzerland Director-General:Guy Ryder
 ILO got Nobel peace Prize in 1969.
India hosted 10 ASEAN Foreign Ministers at special conclave
 India hosted the foreign ministers of Association of Southeast Asian Nations (ASEAN) nations
from June 16 to 17 to mark the 30th anniversary of its relations with the 10-nation grouping.
 The ASEAN Foreign Ministers along with Secretary General of ASEAN Lim Jock Hoi will also call on
Prime Minister Narendra Modi.
 Singapore’s Foreign Minister Vivian Balakrishnan co-chaired the “Special Asean-India Foreign
Ministers’ Meeting” with External Affairs Minister S Jaishankar.
Learn Along:
About ASEAN
ASEAN officially the Association of Southeast Asian Nations, is a political and economic union of 10 member
states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security,
military, educational, and sociocultural integration between its members and countries in Asia-Pacific.
Secretary-General: Lim Jock Hoi
Monthly BeePedia
June 2022
Xi to host BRICS virtual summit
 Prime Minister Narendra Modi will join Russian President Vladimir Putin as well as Brazil’s Jair
Bolsonaro and South Africa’s Cyril Ramaphosa in the virtual meet.
 Chinese President Xi Jinping will host a virtual summit of the leaders of the BRICS countries on
June 23.
 China will also host a BRICS Business Forum on June 22 and a dialogue on global development on
June 24.
Learn Along:
About BRICS
BRICS is the association of five major emerging economies: Brazil, Russia, India, China, and South Africa. The
BRICS members are known for their significant influence on regional affairs
Formation September 2006 (UNGA 61st session)
1st BRIC summit 16 June 2009
Headquarters Shanghai ,China
About Russia Capital: Moscow Currency: Russian ruble

About Brazil Capital: Brasília Currency: Brazilian real
About South Africa Capitals: Cape Town, Pretoria, Bloemfontein Currency: South African rand
International Literature Festival
 The Ministry of Culture, Government of India, and Sahitya Akademi are organizing Unmesha, an
International Literature Festival in Shimla from 16th to 18th June 2022 as part of Azadi ka Amrit
Mahotsav celebrations, with the support of Department of Art and Culture, Government of Himachal
Pradesh.
 With over 425 writers, poets, translators, critics and distinguished personalities from various
walks of life from 15 countries including India, representing over 60 languages and 64 events,
UNMESHA - International Literature Festival is the largest literature festival in the country.
 There is display of about 1000 books related to the Indian freedom movement and the publications
of five Indian publishers for sale.
Learn Along:
About The Ministry of culture Ministers responsible: G. Kishan Reddy
About Himachal Pradesh

Capital: Shimla (Summer): Dharamshala (Winter)
Chief minister Jai Ram Thakur
Governor Rajendra Vishwanath Arlekar
20th Folk Fair and 13th Krishi Fair at Puri, Odisha
 Minister of State for Tribal Affairs and Jal Shakti, Shri Bishweswar Tudu inaugurated the 20th Folk
Fair (National tribal/folk song & dance festival) and 13th Krishi Fair 2022 at Saradhabali in Puri,
Odisha.
 The two fairs are aimed at preserving tribal culture and promoting innovation in agriculture.
 It will continue for five days and conclude on 24th June.
 The objective of the 20th Folk Fair 2022 is to emphasize the importance of tribal culture and establish
its originality and uniqueness.
Monthly BeePedia
June 2022
Learn Along:
About Odisha
Capital: Bhubaneswar Chief minister: Naveen Patnaik Governor: Ganeshi Lal
Shri G.Kishan Reddy to inaugurate Jyotirgamaya
 As part of Azadi Ka Amrit Mahotsav, to celebrate and commemorate 75 years of India’s independence
and on the occasion of World Music Day, Sangeet Natak Akademi is presenting Jyotirgamaya- a
festival to showcase the talent of rare musical instruments from across the country, including street
performers, train entertainers, performers attached to temples, etc.
 Union Minister for Culture, Tourism and DoNER , Shri G.Kishan Reddy will inaugurate the festival.
 The festival is being envisaged with the noble aim of sensitising people about the need to safeguard
the craft of making as well as the skill of playing rare musical instruments, and to give a voice to
‘unheard’ artistes who hardly ever see the limelight.
12th Joint Working Group (JWG) on Border Management between India and Nepal held
 The 12th India-Nepal Joint Working Group (JWG), which discusses several issues related to Border
Management and security matters, was held in New Delhi on 15-16 June.
 The Indian Delegation was led by Joint Secretary (Border Management) in the Ministry of Home
Affairs and the Nepali side was led by the Joint Secretary, Ministry of Home Affairs, Nepal, during
the two-day talks.
 The two sides reviewed the decisions taken in the last JWG held on February 10 -11, 2015 in Pokhara,
Nepal. They also deliberated on issues related to trans-border criminal activities, strengthening of border
infrastructure, empowerment and capacity building of various security related institutions,
preventing/curbing terrorist and criminal activities amongst others. The Joint Working Group reviewed the
Border District Coordination Committee (BDCC) meetings held earlier and also the progress made on the
signing of the Mutual Legal Assistance Treaty, Extradition Treaty and other outstanding MoUs to be signed
between the two sides.
Jyotirgamaya-A festival showcasing the talent of unsung performers inaugurated
 As part of Azadi Ka Amrit Mahotsav, to celebrate and commemorate 75 years of India’s independence
and on the occasion of World Music Day, Sangeet Natak Akademi has organised Jyotirgamaya- a unique
festival to showcase the talent of rare musical instruments from across the country, including street
performers, train entertainers, performers attached to temples, etc.
 Union Minister for Culture, Tourism and DoNER , Shri G. Kishan Reddy inaugurated the festival.
Modi to attend G-7 summit in Germany
 Prime Minister Narendra Modi will be going to Germany as a special invitee to the G7 meeting on June
26 and 27.
 Among the special invitees to the G-7 summit are the leaders of Argentina, Indonesia, Senegal and
South Africa.
Learn Along:
About G7:
The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy,
Japan, the United Kingdom and the United States. In addition, the European Union is a 'non-enumerated
member'. Its members are the world's largest IMF advanced economies and wealthiest liberal democracies.
Founded: 1975
Monthly BeePedia
June 2022
About Germany
Capital: Berlin Chancellor: Olaf Scholz Currency: Euro
National Monuments Authority to observe martyrdom day of great warrior Baba Banda Singh
Bahadur
 National Monuments Authority is observing the great warrior Baba Banda Singh Bahadur's martyrdom
on 25thJune, 2022.
 This is the first time that the republic of India is saluting the Valour and sacrifice of the great martyr.
Learn Along:
Who was Banda Singh Bahadur?
 Baba Banda Singh Bahadur was a great Sikh warrior and a commander of Khalsa army who defeated the Mughals
and freed a large part of North India.
 He established the Khalsa rule in Punjab. Banda Singh Bahadur abolished the Zamindari system, and granted
property rights to the tillers of the land.
 He was a Noble ruler who introduced the Nanak Shahi coins.
 This martyrdom took place in Mehrauli where a monument still stands in memory of his martyrdom which is an icon
of exemplary courage, bravery and deep-rooted faith in dharma.
J&K to host G-20 meeting next year
 The Jammu and Kashmir administration has constituted a committee to coordinate with the delegates
of G-20 countries scheduled to participate in a meeting to be held in the Union Territory (UT) next year.
 The Principal Secretary, Housing and Urban Development, will be the chairman of the five-member
committee.
Learn Along:
About G20
The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union. It
works to address major issues related to the global economy, such as international financial stability, climate change
mitigation, and sustainable development.
Founded: 26 September 1999 Chairman: Joko Widodo
COP15 in Canada
 The United Nations (UN) has announced that a pivotal summit to finalise a new global agreement on
protecting the environment will go ahead in December this year, after a two-year delay due to COVID-
19 pandemic.
 The 15th Conference of the Parties to the United Nations Convention on Biological Diversity, will
move from Kunming in China to Montreal, Canada.
Learn Along:
About COP:
A conference of the parties is the supreme governing body of an international convention.
It is composed of representatives of the member states of the convention and accredited observers. Scope of the
COP is to review the "implementation of the Convention and any other legal instruments that the COP adopts and
take decisions necessary to promote the effective implementation of the Convention.
About CANADA:
Capital: Ottawa Currency: Canadian dollar Prime minister: Justin Trudeau
Monthly BeePedia
June 2022
G-20 summit expected to be in Delhi
 India is expected to host the G-20 summit in Delhi expected to be held between December 2022
and November 2023 during India’s G-20 presidency.
Learn Along:
About G20
The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union. It
works to address major issues related to the global economy, such as international financial stability, climate change
mitigation, and sustainable development.
Founded: 26 September 1999 Chairman: Joko Widodo
APPOINTMENTS
Organization News Learn Along
Name
Doordarshan and Doordarshan News Director-General Mayank Kumar Founded: 23

Agrawal has been given the additional charge of Prasar Bharati CEO. November 1997
Prasar Bharati
The move came after the five-year tenure of Shashi Shekhar Vempati
as Prasar Bharati CEO came to an end.
International Monetary Fund Managing Director Kristalina Georgieva

announced the appointment of Indian national Krishna Srinivasan as
International Headquarters:
Director of the Asia and Pacific Department (APD) from June. 22.
Monetary Fund Washington,
According to an IMF announcement, Srinivasan will succeed Changyong D.C., U.S
Rhee whose retirement from the Fund was announced on March 23,
2022.
Amandeep Singh Gill of India has been appointed as United Nations Headquarters:
United Nations
Secretary-General Antonio Guterres’ Envoy on Technology. New York, New
York, United
States
Six-time MLA Bikram Keshari Arukha was elected as the new Speaker --
Odisha Legislative
of Odisha Legislative Assembly after Surjya Narayan Patra stepped
Assembly
down from the post on account of health concerns.
Industry body COAI named Pramod K Mittal, President of Reliance Jio

Infocomm, as the new Chairperson of the association for 2022-23.
Founded: 1995
COAI
Monthly BeePedia
June 2022

Name
Mittal was previously the Vice Chairperson of the Cellular Operators'
Association of India (COAI), whose members include Reliance Jio, Bharti
Airtel and Vodafone Idea (VIL).
Mittal will replace Ajai Puri as the COAI Chairperson.
Puri held the position for the two consecutive terms.
Government has nominated Shri Anand Gopal Mahindra, Shri Venu Founded:
RBI
Srinivasan, Shri Pankaj Ramanbhai Patel and Dr Ravindra H.
Dholakia as part-time non-official Directors on the Central Board of 1 April 1935,
Reserve Bank of India, for a period of four years with effect from June Kolkata
14, 2022 or until further orders.
Justice Ranjana Prakash Desai, a former judge of the Supreme Court,

has been selected for the post of the Press Council of India (PCI)
Press Council of Founded:
Chairperson.
India
The post was lying vacant since Justice Chandramauli Kumar Prasad 4 July 1966
(retd.) completed his term in November last year.
Defense for
U.S. President Joe Biden has nominated security expert Radha Iyengar
Acquisition and
Plumb to the post of Deputy Under Secretary of Defense for
Sustainment ---
Acquisition and Sustainment, the latest Indian-American to be named
for a key position.
The Government of India has today nominated Smt. Justice Ranjana Founded:
Press Council of
Prakash Desai as Chairperson of Press Council of India. Smt Justice
India 4 July 1966
Desai is a retired Judge of Supreme Court of India.
Office of Science Leading Indian-American scientist Dr. Arti Prabhakar has been
and Technology nominated by Joe Biden as a top science adviser to the U.S. President.
_
Policy
Dr. Prabhakar would make history as the first woman, immigrant, or
person of colour to head Director of the Office of Science and
Technology Policy (OSTP).
She will also be the latest highly-qualified professional from the Indian-
American community to be named for a key position in the Biden
administration.
The Appointments Committee of the Cabinet (ACC) appointed former Headquarters

NIA
Punjab Director-General of Police (DGP) Dinkar Gupta the Director- New Delhi
General of the NIA.
Monthly BeePedia
June 2022

Name
V. Parameswaran Iyer, a senior officials who helmed Swachh Bharat
Abhiyan, will be the new Chief Executive Officer (CEO) of the NITI
Aayog. Formed
NITI Aayog
Mr. Iyer will get at least two years in the post. 1 January 2015
Mr. Iyer replaces Amitabh Kant, who completes his term in the office on
June 30.
The central government is likely to reappoint Senior Advocate K K

Venugopal as Attorney General for India for a period of one more
year with effect from July 1. ---
Attorney General
The Attorney General for India, a constitutional post, is the top legal officer
of the country. Venugopal took over as the 15th Attorney General for
India on July 1, 2017, succeeding senior advocate Mukul Rohatgi who
was A-G from 2014-2017.
The Maharashtra government appointed Vivek Phansalkar, a 1989

batch Indian Police Service officer, Commissioner of Mumbai Police, as
Commissioner of ---
the current Commissioner Sanjay Pandey is set to retire on June 30.
Mumbai Police
Mr. Phansalkar was previously the Director General and the Managing
Director of the Police Housing and Welfare Corporation.
Learn Along:
About NIA (National Investigation Agency)
Headquarters: New Delhi Founded: 31 December 2008 Founder: Radha Vinod Raju
AWARDS AND REWARDS

President Kovind gives away gallantry awards
 Recently resident Ram Nath Kovind awarded Kirti Chakra and the Shaurya Chakra :
Kirti Chakra :Jammu and Kashmir Police constable Altaf Hussain Bhat (Posthumously)
Shaurya Chakra: Group Captain Varun Singh of the India Air Force (IAF) (Posthumously)
 Altaf Hussain Bhat was awarded the Kirti Chakra posthumously for his raw courage and supreme
sacrifice for the nation. The J&K police constable was deputed to ensure the safety and security of
protected functionaries in Ganderbal district.
 Group Captain Singh was awarded the Shaurya Chakra for successfully manoeuvring and landing the
Light Combat Aircraft at the Hindon airbase on October 12, 2020, despite it developing a major technical
snag.
 Several gallantry awards were given posthumously to personnel of the Cobra unit of the CRPF, the J&K
police, the Odisha police and personnel from the Army, Navy and the IAF.
Monthly BeePedia
June 2022
Father Stan Swamy to be honoured
 Father Stan Swamy, the Jesuit priest and tribal rights activist from Jharkhand will get a “special,
posthumous homage” at the Martin Ennals Award in Geneva.
 He was arrested in the Bhima Koregaon case and died in July 2021.
 The award is widely regarded as the Nobel Prize for human rights defenders.
 The winners this year are Daouda Diallo from Burkina Faso, Pham Doan Trang from Vietnam and
Abdul-Hadi Al-Khawaja of Bahrain.
 Swamy had spent a lifetime working with Adivasi communities on their land, forest and labour rights.
Meghalaya Wins Best Project Award at UN World Summit
 At the United Nations World Summit on the Information Society Forum 2022, an initiative by the
Meghalaya government, Meghalaya Enterprise Architecture, received the best project award in the
category of “the role of governments in the promotion of ICTs for development".
 Meghalaya Enterprise Architecture (MeghEA) is the only project from India to win the winner award this
year.
 The e-proposal system, a part of the government-to-government component, enables faster processing
and tracking of schemes.
Learn Along
About Meghalaya
Capital: Shillong CM: Conrad Sangma Governor: Satya Pal Malik
30 districts awarded for exemplary planning in skill development
 The 2nd edition of ‘Awards for Excellence in District Skill Development Planning’ (DSDP) were
organised at Dr. Ambedkar International Centre in New Delhi .
 Top 30 districts were awarded for their innovative best practices in skill development in the region.
 Rajkot in Gujarat, Cachar in Assam and Satara in Maharashtra respectively were ranked top three
among all participating districts.
 Thirty districts were selected, and awards were given under the following three categories:
 Category I: 8 Awards for Excellence in District Skill Development Planning
 Category II: 13 Certificate for Excellence in District Skill Development Planning
 Category III: 9 Letter of Appreciation for District Skill Development Planning
Learn Along:
About DSDP
 DSDP Awards were instituted under the Skill Acquisition and Knowledge Awareness for Livelihood Promotion
(SANKALP) Scheme by MSDE in June 2018 to promote decentralised planning, acknowledge and reward the
extraordinary and innovative work done by districts in the field of skill development. The first DSDP Awards were
held in 2018-19, with 228 districts from 19 states participating in the initiative. Districts with plans of fostering
innovation and enabling local livelihoods with skill development initiatives were shortlisted for the awards.
About SANKALP
 Skill Acquisition and Knowledge Awareness for Livelihood Promotion ("SANKALP") is a programme under Ministry
of Skill Development & Entrepreneurship with loan assistance from the World Bank. It aims to improve short-term
skill training qualitatively and quantitatively through strengthening institutions, bringing in better market connectivity
and inclusion of marginalised sections of the society.
Monthly BeePedia
June 2022
67th Railway Week Award Function of Railway Board Celebrated
 The 67th Railway Week Function of Railway Board was organized on 16th June, 2022 in Rail Bhavan,
New Delhi.
 Chairman & CEO, Railway Board, Shri Vinay Kumar Tripathi presided over the function and
presented Running Efficiency Shield to Efficiency & Research, section selected as Best Kept
Section for maintaining high standards of efficiency, prompt disposal of cases and excellent up-keep
of records.
 Besides this, Merit Certificates and Cash Awards were presented to 2 other well-maintained
sections.
Prime Minister’s Awards for Outstanding Contribution towards the Development and Promotion of
Yoga-2021
 The Prime Minister's Award for Outstanding Contribution towards the Development and Promotion
of Yoga, one of the most coveted honours in the field of Yoga, has been announced for the year 2021.
 Two individuals, namely Shri Bhikkhu Sanghasena Leh, Ladakh and Shri Marcus Vinicius Rojo
Rodrigues, Sao Paulo, Brazil, and two organisations, namely, The Divine Life Society, Rishikesh,
Uttarakhand and the British Wheel of Yoga, United Kingdom are the recipients of the same.
 Following are the awardees of the Prime Minister’s Awards for Outstanding Contribution towards the
Development and Promotion of Yoga for the Year 2021:
 Shri Marcus Vinicius Rojo Rodrigues, Sao Paulo, Brazil International Individual
 British Wheel of Yoga, United Kingdom International Organisation
 Shri Bhikkhu Sanghasena, Leh, Ladakh National Individual
 The Divine Life Society, Rishikesh, Uttarkhand National Organisation
 The winners will be felicitated with of a Trophy, Certificate and a Cash Award each.
 The value of each Cash Award would be Rs. 25.00 lakh.
Learn Along:
 The awards for the Outstanding Contribution towards the Development and Promotion of Yogawas announced by
the Prime Minister of India on the occasion of the 2nd International Day of Yoga celebrations at Chandigarh on 21st
June, 2016.
India’s First Logistics Excellence Awards
 The Government of India hosted its first-ever National Logistics Excellence Awards in New Delhi.
 The National Logistics Excellence Awards aim to acknowledge the many logistics service providers
in the country that have been able to display innovation, diversity and efficiency.
National Logistics Excellence Awards 2021 - List of Winners
o Best Cargo Airline & Terminal Operator – FedEx Express Transportation and Supply Chain
Services (India) Pvt. Ltd.
o Best Road Freight Service Provider – DHL Supply Chain India Pvt. Ltd.
o Best Rail Freight Service Provider – Adani Logistics Ltd.
o Best Shipping & NVOCC service Provider – Maersk India Pvt. Ltd.
o Best Port Service Provider – DP World
Monthly BeePedia
June 2022
o Best Warehouse service provider – Transport Corporation of India Ltd. (Through TCI Supply Chain
Solutions)
o Best Cold Chain/Refrigerated service provider - Transport Corporation of India Ltd. (Through TCI
Supply Chain Solutions
o Best Express Logistics Service Provider – Safexpress Pvt. Ltd.
o Best Logistics infrastructure and service provider – Adani Logistics Ltd.
o Best Freight Forwarders – Kuehne + Nagel Pvt. Ltd.
o Best Customs House Agent/Customs broker – International Clearing & Shipping Agency (India)
Pvt. Ltd.
o Industry Excellence Award – Sun Pharmaceutical Industries Ltd.
National MSME Award 2022
 The Micro, Small and Medium Enterprises (MSMEs) Department, Government of Odisha has been
awarded the first prize in the category ‘National MSME Award 2022 to States/UTs for outstanding
contribution in the Promotion and Development of MSME Sector'.
 In National MSME Award 2022, Kalahandi has been awarded the third prize in the category ‘National
MSME Award 2022 to Aspirational districts for outstanding contribution in the promotion and development
of MSME Sector’ as the sectoral development was in the line of the MSME Award parameters.
 Sumeet Mohanty M/s Saferisk Insurance Brokers Private Limited, Bhubaneshwar has been awarded
the first prize in the category- “Award for Service Entrepreneurship- Service Small Enterpirse
(Overall).”
 Sibabrata Rout M/s Amarnath Pest Management Technology, Cuttack has also been awarded the
third prize in the category “Award for Service Entrepreneurship- Service Micro Enterprise
(Overall)”.
Learn Along:
 The Government of India came up with the National MSME Award 2022 comprising of altogether 44 categories
including Manufacturing Entrepreneurship (12 awards), Service Entrepreneurship (09 awards), Special
Category Enterprises (14 awards), and the institutional support to MSMEs (09 Awards).
About MSME Ministry

 The Ministry of Micro, Small, and Medium Enterprises is an apex executive body for the formulation and
administration of the rules, regulations, and laws related to the Micro, Small, and Medium Enterprises.
 The current Minister of MSME is Narayan Ran
Karnataka announces 3 names for first Kempe Gowda award
 The Karnataka government has selected the former Karnataka Chief Minister S.M. Krishna,
Infosys founder N.R. Narayana Murthy, and former Indian badminton player Prakash Padukone
for the Kempe Gowda International Award, constituted in honour of Kempe Gowda, founder of
Bengaluru.
 Minister for Higher Education C.N. Ashwath Narayan, who is also vice-president of the Nadaprabhu
Kempe Gowda Heritage Area Development Authority, announced that an international award would be
presented to three achievers every year starting this year in the name of Kempe Gowda.
 The award carries a purse ₹5 lakh and a plaque each.
 The government would celebrate Kempe Gowda’s birth anniversary at the Vidhana Soudha on
June 27 in a grand manner and present the award.
Learn Along:
Monthly BeePedia
June 2022
About Karnataka
“National Highway Excellence Awards” 2021
 The National Highway Excellence awards 2021 ceremony is being organized on June 28,2022 to
honor the companies/ stakeholders for the best performing road assets & toll plazas across the
country.
 For the 4th award cycle, two new categories of Bridge Construction and Tunnel Construction were
introduced. For the 2021 cycle of awards, the categories are as follows:
 Excellence in Project Management: Acknowledges efficient execution of all-project milestones,
with timely achievement, balanced budgetary, and no compromise to quality standards with two
subcategories based on the mode of implementation of the Project- EPC & PPP
Learn Along:
About National Highway Excellence Award
 With a view to strengthen and augment the road infrastructure in the country, Ministry of Road Transport and
Highways (MoRTH) initiated “National Highways Excellence Awards”(NHEA) in 2018 in order to incentivize
stakeholders in the highway construction and maintenance process and to create a spirit of healthy
competitiveness amongst them.
 The idea is to recognize and award companies for the best-performing road assets and toll plazas across the
country.
 Acknowledging companies which are performing exceptionally and delivering the finest quality services during
construction, operations & maintenance, innovation, greenery, tolling stages of highway development as well as
in the arena of road safety.
 The aim of the award is to create world-class road infrastructure, highways, toll plazas, expressways, bridges,
tunnels every day through new and innovative construction processes along with a strong focus on environmental
sustainability and cleanliness factors.
IMPORTANT DAYS
Day/Week Observance Significance
World Milk Day 1st june is observed as World Milk Day every year.
1st June
The day is observed to spread awareness about the importance of
milk and dairy products in our lives
Telangana state's Telangana, India's 28th state, was founded on 2 June 2014.
02 May
Formation Day Telangana celebrates its Formation Day to mark the
people’s contribution to form a separate state outside of Andhra
Pradesh.
World Bicycle day World Bicycle Day is observed on 3rd June every year to
03 June
recognise bicycling as a way to get a sustainable form of travelling
that also ensures one’s physical well being.
Monthly BeePedia
June 2022
World Environment Day is celebrated annually on 5 June and is

the United Nations' principal vehicle for encouraging awareness and
action for the protection of the environment.
World Environment day First held in 1973, it has been a platform for raising awareness on
05 June environmental issues such as marine pollution, overpopulation,
global warming,sustainable development and wildlife crime.
The theme this year: Only One Earth
08 June is observed as World Oceans Day all over the world. It is

an annual celebration to highlight the significance of oceans in our
World Oceans Day lives. One of the major objectives of this day is to raise awareness
08 June
about the adverse impact of anthropogenic developments on our
oceans.
The theme for World Ocean Day 2022 : Revitalisation:

Collective Action for the Ocean
The world child labour day is observed on 12th June every

year.
World Day Against Child Labour was introduced in 2002 by the

12th June The world child labour International Labour Organisation. The day provides an
day opportunity and urges the need to generate an environment for
children to grow and live a dignified life and also to fight against
child labour throughout the world.
The theme for this year is “Universal Social Protection to End

Child Labour”
It is observed every year on 18 June.

18 June Autistic Pride Day The day is dedicated to individuals with Autism Spectrum Disorder
(ASD) for them to be autistic and proud and celebrate who they are.
Let us read in detail about autism.
The symbol of this day is represented by rainbow infinity which

represents "diversity with infinite variations and infinite possibilities".
The symbol represents the diversity of autistic people and the
infinite possibilities and variations within the autistic community.
Every year, World Refugee Day is observed on June 20, 2022.

This day is dedicated to refugees all over the world. The day was
decided by the United Nations General Assembly on June 20. But
World Refugee Day they adopted resolution 55/76 on December 4, 2000
20 June
The day was first celebrated on June 20, 2001
Monthly BeePedia
June 2022

The theme for this year's World Refugee Day: Whoever,
Whatever, Whenever
International Day of International Yoga Day is celebrated on 21 June every year.

Yoga
This year the theme for the celebration is "Yoga for humanity".
21 June
World Music Day is celebrated on June 21.
The day cherishes the spirit of music, the vibrancy of vocals and the
melody of instruments.
The day was first celebrated as Fete de la Musique in France in the

World Music Day year 1982. It was organised by the then French Minister of Art and
Culture, Jack Lange, and a French composer, Maurice Fleuret.
The theme for World Music Day 2022 : Music on the

intersections.
Founded in 2017 by Rainforest Partnership, World Rainforest Day

22 June World Rainforest Day recognizes standing, healthy forests as one of the most powerful
and cost-effective climate change mitigation tools we have — and
creates a global movement to protect and restore them.
International Olympic International Olympic Day 2022 is observed annually on June 23

23 June
Day celebrating the idea of the Olympic Movement all over the world.
United Nations Public United Nations Public Service Day is celebrated on 23rd June
Service Day every year to highlight the contribution of public service in the
development process and to value public service to the community.
This year theme is Building back better from COVID-19.
25 June of each year is the "Day of the Seafarer", recognizing the

25 June
invaluable contribution seafarers make to international trade and the
Day of the Seafarer world economy, often at great personal cost to themselves and their
families.
International Day International Day against drug abuse and illicit trafficking is
26 June
against drug abuse and observed on 26 June every year to spread awareness about the
illicit trafficking 2020 major problem that illicit drugs represent to society.
Monthly BeePedia
June 2022
In recognition of the notable contributions made by Professor (late)

Prasanta Chandra Mahalanobis in the fields of statistics and
economic planning, Government of India has designated 29th
June every year, coinciding with his birth anniversary, as
“National Statistics Day”. The objective of this Day is to create
29 June National Statistics Day public awareness, specially in the younger generation for drawing
inspiration from Professor (late) Mahalanobis about the role and
importance of statistics in socio-economic planning and policy
formulation.
The Theme of Statistics Day, 2022 is ‘Data for Sustainable

Development’.
World Asteroid Day World Asteroid Day is observed on 30 June to raise awareness
30 June
in public about the asteroid's hazardous effect and the day marks
the anniversary of the Tunguska impact over Siberia.
Learn Along:
International day for Yoga
 In 2014, during a speech at the UN General Assembly, PM Modi had proposed to celebrate Yoga soon after he had
received a historic mandate to form the government. The draft resolution which was passed by India was supported
by 177 nations.Since 2015, June 21 has been observed as the International Yoga Day.
 This year on the eighth international Yoga Day, PM Modi will lead the International Day of Yoga celebrations from
Karnataka's Mysuru. More than 15,000 people will participate in the Yoga celebrations along with the Prime Minister
at the heritage city.
OBITUARIES
Name of Person Field Points to Remember
Krishnakumar
singer Popular Hindi playback singer Krishnakumar Kunnath aka KK
Kunnath aka KK
died in Kolkata.
Pandit Bhajan Sopori

santoor legend A santoor legend, Pandit Bhajan Sopori has died recently.
Baba Yogendra, founder member of Sanskar Bharati, cultural

wing of RSS passed away in Lucknow.
Baba Yogendra Senior Pracharak of
RSS Baba Yogendra was honoured with the prestigious Padma
Shri for his contribution in the field of arts in the year 2018.
Monthly BeePedia
June 2022

Long distance great Hari Chand, a two-time Olympian and a
double Asian Games gold medallist, passed away in Jalandhar
long-distance runner on Sunday.
Hari Chand
Chand won the 5000 and 10,000m gold at the 1978 Bangkok
Asiad and also the 10,000m title at the 1975 Asian
Championships in Seoul.
Eminent Urdu scholar and former president of Sahitya

Akademi Prof.. Gopi Chand Narang passed away in the
United States.
A prolific writer with some 60 books to his credit, Prof. Narang’s

Prof.. Gopi Chand Eminent Urdu seminal work Urdu Ghazal aur Hindustani Zehn-o Tahzeeb
Narang scholar and former is remembered for examining and tracing the roots of the
president of Sahitya genius of the Urdu ghazal.
Akademi In 1995, Prof. Narang won the Sahitya Akademi Award for
his comprehensive work Sakhtiyat, Pas-Sakhtiyat aur
Mashriqui Sheriyat (Structuralism, Post-Structuralism, and
Eastern Poetics). He was charged with plagiarism but over a
period of time, the accusations could not stand literary scrutiny.
French actor Jean-Louis Trintignant, died at the age of 91.

Jean-Louis
Trintignant Actor Trintignant received the Best Actor Award at the 1969
Cannes Festival for the Costa Gavras film Z and a Cesar
Award for Best Actor in 2013 for the Michael Haneke movie
Amour.
comic book artist Acclaimed Eisner award-winning comic book artist Tim
Tim Sale
Sale died. He was 66.
Radio producer Radio producer Rita Mukherjee, who produced a number

Rita Mukherjee
of wonderful shows and excelled in the medium, has
passed away.
V.P. Khalid
Actor Veteran theatre and film actor V.P. Khalid, died in Kottayam.
Former Chairman of V. Krishnamurthy, former Chairman of BHEL, Maruti Udyog

V. Krishnamurthy
BHEL and SAIL and former Secretary of Industries, Government of
India, died from age-related ailments.
Monthly BeePedia
June 2022

Leonardo Del Vecchio, the Italian entrepreneur who started
with a tiny optics workshop in the Dolomite mountains and
ended up as the undisputed world leader in eyewear, has
Leonardo Del
His company, EssilorLuxottica, rode a series of acquisitions
Vecchio to eventually become the world leader in the industry. Globally
Entrepreneur
recognized names Ray-Ban and Oakley were among the
scores of eyewear brands Del Vecchio bought on his way to
the top.
Del Vecchio’s net worth was $25.7 billion as of June 1,

according to the Bloomberg Billionaires Index.
Veteran Communist Party of India (Marxist) leader and

former Minister T. Sivadasa Menon died.
T. Sivadasa Menon Former Minister
He was under treatment for age-related illnesses.
He was Palakkad district secretary of the CPI(M) for a few

years and held the Finance Minister’s portfolio from 1996 to
2001.
Olympic and World Cup medallist Varinder Singh died.
Varinder Singh was part of the gold-winning Indian team at

the 1975 men’s Hockey World Cup in Kuala Lumpur.
He was also part of teams that won bronze at the 1972

Varinder Singh sports Munich Olympics and silver at the 1973 World Cup in
Amsterdam.
In 2007, Varinder was conferred the prestigious Dhyan

Chand Lifetime Achievement Award.
BOOKS
Book Title Author/s About the book
Union Education and Skill Development &

Entrepreneurship Minister Shri Dharmendra Pradhan
along with Union Minister for Information &
‘Loktantra ke Swar’ Broadcasting and Sports Shri Anurag Thakur released
Shri Dharmendra
and ‘The Republican a book ‘Loktantra ke Swar’ and ‘The Republican.
Pradhan along with
Ethic’
Shri Anurag Thakur This the fourth volume of the series featuring the fourth
released year of presidency of Shri Ram Nath Kovind. The
Monthly BeePedia
June 2022
Book Title Author/s About the book

compilation contains speeches on a wide range of
subjects. E-books were also released on the occasion.
Ankahi Kahani
Shri Ram Bahadur Rai --
SPORTS
Indian women’s air rifle team clinches gold
 In the shooting World Cup in Baku, Azerbaijan the Indian women’s air rifle team of Shreya Agrawal,
Elavenil Valarivan and Ramita defeated Denmark for gold.
The results:
 Air rifle: (Men)
1. Korea
2. Australia
3. Croatia (Josip Sikavica, Miran Maricic, Andrija Mikuljan)
4. India (Rudrankksh Patil, Dhanush Srikanth, Paarth Makhija)
.
 Air rifle: (Women)
1. India (Shreya Agrawal, Elavenil Valarivan, Ramita)
2. Denmark (Anna Nielsen, Emma Koch, Rikke Ibsen)
3. Poland
4. Korea
Shibahara and Koolhof win mixed title
 Ena Shibahara and Wesley Koolhof won the French Open mixed doubles title.
 The pair defeated Ulrikke Eikeri of Norway and Belgium's Joran Vliegen .
Swapnil wins silver in 50-metre rifle 3-position
 Swapnil Kusale was beaten to the gold by the 2016 Rio Olympics silver medallist Serhiy Kulish of
Ukraine in the 50-metre rifle 3-position event at the shooting World Cup in Baku, Azerbaijan.
 With a gold and a silver, India was joint seventh in the table with France, Kuwait and US. Korea led with
three gold and a bronze.
 Serbia was second with two gold, a silver and a bronze.
Ashi & Swapnil strike gold

 Ashi Chouksey and Swapnil Kusale beat Daria Tykhova and Serhiy Kulish of Ukraine for the gold
medal in the 50-metre rifle mixed team event at the shooting World Cup in Baku, Azerbaijan.
 It was the second gold for India, and the third medal for Swapnil.
 With two gold and three silver, India is in the second spot in the medals table behind Korea which has
three gold and three bronze.
Monthly BeePedia
June 2022
 The results:
50m rifle 3-position: (Mixed team)
1. India (Ashi Chouksey, Swapnil Kusale)
2. Ukraine (Daria Tykhova, Serhiy Kulish)
3. Poland (Aneta Stankiewicz, Tomasz Bartnik)
Home Minister Shri Amit Shah inaugurates Khelo India Youth Games 2021
 Union Home Minister Shri Amit Shah inaugurated SBI Khelo India Youth Games 2021 at Haryana.
 Haryana is hosting the fourth edition of the Khelo India Youth Games, a state that is the undisputed
Sports Capital of the country.
 The Union government has raised the sports budget from Rs 864 crore in 2014 to Rs 1,992 crore in
2022.
 KIYG’s popular mascots are Vijaya the Tiger and Jaya the Blackbuck.
 Haryana’s own mascot is Dhakad the Bull.
Shreyas Hosur first ever Railway officer to complete ‘IRONMAN’ Triathlon
 Shreyas Hosur, deputy financial advisor and chief accounts officer in the construction department of the
South Western Railway,has become the first ever Railway officer and also the first ever officer from
the non-uniformed Civil Services to complete the gruelling ‘IRONMAN’ Triathlon.
 The event included 3.8 km Swim, 180 km Cycling and 42.2 km Running.
 Shreyas completed the event in 13 hrs 26 mins on 5th June 2022, in Hamburg, Germany.
 The finishers of the event are popularly known as ‘IRONMAN’ befitting the mental and physical strength
the event demands.
Learn Along
About Germany Capital: Berlin Currency: Euro
Chancellor of Germany: Olaf Scholz
Mithali Raj announces retirement
 Mithali Raj, the world’s leading batter in women’s cricket announced her retirement.
 She is India’s captain in women’s Tests and ODIs.
 She has scored a cumulative 10,868 runs across the three formats.
 Mithali played 232 ODIs, scoring a record 7,805 runs.
 She also played 89 T20Is, amassing 2,364 runs, and was involved in 12 Tests, scoring 699 runs.
Khelo India Youth Games
 Maharashtra clinched three out of four sprint titles to throw open the race for the Khelo India Youth
Games championship.
 Their impressive haul of eight gold, three silver and a bronze medal in track and field has narrowed
the gap at the top of the table, with their 29 gold just one short of Haryana’s 30 after the day’s morning
session.
RESULTS ALL FINALS
Monthly BeePedia
June 2022
BOYS:
Category Gold Silver Bronze

3000M Arjun Waskale (Madhya Gagan Singh (Haryana) Sawan (Haryana)
Pradesh)
800M Pradeep Senthilkumar Somnath Chauhan Shyam Milan Bind (Madhya

(Tamil Nadu) (Haryana) Pradesh)
200M Aryan Kadam Aryan Ekka (Odisha) Aniket Choudhary (Telangana)

(Maharashtra)
Long Jump Aryan Choudhary (Delhi) Chandrashakhar (Uttar S. Darshan Sakthivel (Tamil
Pradesh) Nadu)
4x400 Relay Tamil Nadu Haryana Delhi
Weightlifting Bhola Singh (Bihar) Parwinder Singh (Punjab) Priyanshu (Delhi)

(102kg)
Girls:
Category Gold Silver Bronze

3000M Supriti Kachhap Reena (Uttar Pradesh) Mamata Pal (Uttar Pradesh)
(Jharkhand)
800M Ashakiran Barla Urvashi (Haryana) Laxita Sandilea (Gujarat)

(Jharkhand)
200M Sudeshna Shivanka Avantika Narale Mayavathi Nakirekanti

(Maharashtra) (Maharashtra) (Telangana)
4x400 Relay Maharashtra Punjab Tamil Nadu
Weightlifting M. Martina Devi (Manipur) K. Oviya (Tamil Nadu) R. Gayathri (Andhra Pradesh)
(+81 kg)
Khelo India Youth Games
 Punjab clinched the much-coveted Boys’ hockey title in the Khelo India Youth Games.
 Karnataka’s Chaitra Borji snatched the 11th gold in Girl’s Road Cycling Time Trial 20km complementing
their swimmers who have so far extracted 8 gold from the pool.
RESULTS
Cycling
 Girls Individual Time Trial 20 KM:
 Gold: Chaitra Borji (Karnataka)
 Silver: Leakzes Angmo (Ladakh)
Monthly BeePedia
June 2022
 Bronze: Raveena Bishnoi (Rajasthan) 33:57.27
 Boys Individual Time Trial 30 KM:

 Gold: Mukesh Kaswan (Rajasthan)
 Silver: Adil Altaf (Jammu & Kashmir)
 Bronze: Parma Ram (Rajasthan)
Dhruv, Akanksha clinch gold
 Dhruv Hirpara and Akanksha Nitture won the boys’ and girls’ tennis titles at the Khelo India Youth
Games at Panchkula (Haryana).
 Haryana’s Riddhi and Rajasthan’s Kapish Singh clinched the girls’ and boy’ recurve archery gold in
Khelo India Youth Games.
 Tennis results (both finals):
 Boys: Doubles: Kush Arjeria & Deep Munim beat Daksh Prasad & Denim Yadav.
 Girls: Doubles: Lakshmi Prabha & Janani Ramesh beat Vaishnavi Adkar & Sudipta Senthilkumar.
World Para Shooting World Cup
 Tokyo Paralympic gold medallist Manish Narwal won a silver in the P4 mixed 50m pistol SH1 team
event of the World Para Shooting World Cup in Chateauroux, France.
 Manish Narwal teamed up with Singhraj, also a Paralympic medallist, and Akash.
 China took the gold and Turkey the bronze.
Avani Lekhara wins Gold at Chateauroux 2022 World Cup
 Avani Lekhara has won the gold medal at the Chateauroux 2022 World Cup.
 She beat Veronika Vadovicova of Slovakia to won this title and gold for India.
Learn Along:
 Shooter Avani Lekhara scripted history last year as she became the first Indian woman to win a gold medal
at the Paralympics, firing her way to the top of the podium in the R-2 women's 10m Air Rifle Standing SH1 event
in Tokyo.
IWF Youth World Weightlifting Championships
 India's Akansha Kishor Vyavhare won the silver medal in 40kg category while Vijay Prajapati
finished second in 49kg in 2022 IWF Youth World Weightlifting Championships for men and
women in Leon, Mexico.
IWF Youth World Championships
 Gurunaidu Sanapathi has become India’s first weightlifter to win a gold at the IWF Youth World
Championships in Leon, Mexico.
 The 16-year-old claimed gold with a total effort of 230kg in the boys’ 55kg event.
 Saudi Arabia’s Ali Majeed 229kg was second and Yerassyl Umrov of Kazakhstan 224kg third.
Monthly BeePedia
June 2022
 Soumya S. Dalvi, a two-time Khelo India Youth gold medallist, heaved 148kg to claim bronze in the
45kg girls event behind Rose J. Ramos of the Philippines 155kg and Venezuela’s Kerlys M.
Montilla 153kg.
 India’s tally at the word event now stands at four medals.
Ex-Olympic champion Puig retires
 Former Olympic tennis champion Monica Puig took retirement from the sports.
 Puig was the first Puerto Rican to win an Olympic gold in any sport in the final at the 2016 Rio
Games.
Hardik to lead India in Ireland T20Is
 All-rounder Hardik Pandya will captain India in the two-match T20I series against Ireland to be
played in Dublin on June 26 and 28.
Dr Jaishankar and Shri Anurag Thakur inaugurate first-ever SAI Squash Courts
 Union Minister for External Affairs Dr. S Jaishankar and Union Minister for Youth Affairs and
Sports Shri Anurag Singh Thakur inaugurated the Squash Courts at the Major Dhyanchand Stadium
in New Delhi.
 These are the first-ever Squash courts opened by the Sports Authority of India in any centre
across the country.
 The foundation stone of the project was laid by former Union Minister of State for Sports and Youth
Affairs, Shri Kiren Rijiju back in December 2020.
Learn Along:
About SAI Founded: 1984 Headquarters: Delhi, India
Kuortane Games in Kuortane, Finland
 Olympic champion Neeraj Chopra won the javelin gold with his opening throw of 86.69m at the
Kuortane Games in Kuortane, Finland.
 It was Neeraj’s first gold this year.
 Sandeep Chaudhary was eighth and last (60.35m).
PM flags off first ever torch relay for Chess Olympiad
 Prime Minister Narendra Modi flagged off the first ever-torch relay for the Chess Olympiad ahead
of the 44th edition of the event.
 The olympiad will take place in Mahabalipuram between 28 July and 10 August.
 The International Chess Federation (FIDE) has for the very first time instituted the torch relay.
 FIDE President Arkady Dvorkovich handed over the torch to Narendra Modi, who gave it to five-
time world champion Viswanathan Anand.
 The torch will be taken to 75 cities over a span of 40 days before arriving in Mahabalipuram near
Chennai. At every location, chess grandmasters of the state will receive the torch.
Learn Along:
About FIDE
Monthly BeePedia
June 2022
Founded: 20 July 1924 Headquarters: Lausanne, Switzerland President: Arkady Dvorkovich
Asian Track Cycling Championships
 India continued their good run at the Asian Track Cycling Championships, winning two bronze medals
on the third day of the competition.
 Ronaldo Singh bagged the country’s first-ever international medal — a bronze — in the men’s senior
1km time trial event.
 Yuta Obara of Japan won gold, while Malaysia’s Muhammad Fadhil claimed silver.
 Another bronze was added by Birjit Yumnam in the 40-lap 10km race in the men’s junior category.
FINA World Championships: Italian Swimmer Thomas Ceccon Breaks World Record
 Italian swimmer Thomas Ceccon set a new world record of 51.60 seconds in the men’s 100m
backstroke on the third day of the 19th FINA World Championships in Budapest.
 The previous world record holder American Ryan Murphy, who swam then world’s best 51.75 at the
2016 Rio Olympics, won the silver in 51.97 and his compatriot Hunter Armstrong took bronze in 51.98.
 Italy won three gold medals as Benedetta Pilato won in the women’s 100m breaststroke in 1:05.93, beating
Anna Elendt of Germany (1:05.98) and Ruta Meilutyte of Lithuania (1:06.02).
Lisa Sthalekar Becomes First Woman President Of FICA
 Legendary Australian cricketer Lisa Sthalekar has become the first woman to be appointed as
president of the Federation of International Cricketers’ Association (FICA).
 The 42-year-old former Australia captain was confirmed in the role at the FICA Executive Committee
meeting held in Nyon, Switzerland.
About Lisa: Sthalekar represented Australia in 187 international matches across the three formats and was
part of the Australian teams that won the ODI World Cups in 2005 and 2013 and T20 World Cups in 2010
and 2012. She retired from the game after Australia’s 2013 ODI World Cup triumph in Mumbai after making
her debut as a hard-hitting batter in 2003. She was the first woman to score 1000 runs and take 100 wickets
in ODI cricket. She also played eight Tests and 54 T20 International matches. In 2021, she became only the
fourth woman to be inducted into the Australian cricket Hall of Fame.
MISCELLANEOUS
The Gloucester shipwreck
 The discovery of a royal shipwreck(Gloucester) was revealed recently on June 10, and has since
been hailed as one of the most significant discoveries of maritime history.
 300 years ago a royal ship carrying the future king of England, Ireland and Scotland sank killing
hundreds onboard.
 It also nearly killed the Duke of York, who later reigned as King James II, but could never shake-off the
criticism that came his way in the aftermath of the ship’s sinking.
 Had the future king died in the shipwreck it would have changed the course of British political history.
Monthly BeePedia
June 2022
 The discovery can now bring forth evidence that can help piece together to story of The Gloucester’s
last voyage and all that played out after it sank.
Rumeli Dhar announces her retirement
 The right-handed batter and medium-pacer Former India women’s team captain Rumeli Dhar
announced her retirement from all forms of the game.
 She also played 78 WODIs, scoring 961 runs and taking 63 wickets.
 She played her last ODI in 2012.
20th Kumar Surendra Singh shooting championship
 Rohit Kumar Singh emerged the men’s air rifle champion, at the 20th Kumar Surendra Singh
shooting championship in Tughlakabad.
 Hriday Hazarika finished to take the bronze.
 In the junior section, Divyansh Singh Panwar clinched the gold medal.
The results
10m air rifle:
Men:
1. Rohit Kumar Singh
2. Mohit Gowda
3. Hriday Hazarika.
Juniors:
1. Divyansh Singh Panwar
2. Hriday Hazarika
3. Sumedh Sasane
Osaka and James launch media company
 Naomi Osaka is launching a new media company ‘Hana Kuma (flower bear) in partnership with
basketball legend LeBron James.
 It is aimed at telling stories that cross cultural barriers.
 It will produce stories that are “culturally specific but universal to all audiences.
Book on 1983 World Cup released
 The 1983 World Cup-winning captain Kapil Dev, the team’s star all-rounders Mohinder Amarnath
and Sandeep Patil launched event of the The 1983 World Cup Opus, a coffee table book the 39th
anniversary of the 1983 final.
Babar surpasses Kohli’s T20I record
 Pakistan captain Babar Azam has surpassed India’s Virat Kohli in becoming the world No.1 T20I
batter for the longest period of time after he maintained his top spot in the latest ICC T20 batting
rankings.
Formula E race to be held in Hyderabad next year
Monthly BeePedia
June 2022
 The calendar for the ninth season (2022-23) of the Formula E championship was approved by the FIA
World Motor Sport Council with Hyderabad set to host the fourth race on February 11, 2023 after
Mexico and a double-header in Saudi Arabia
 After hosting the Formula One race at the Buddh International Circuit in Greater Noida from 2011 to
2013, this will be the second-biggest global World Championship event to be held in India.
Learn Along:
 Formula E is an electric-powered single-seater championship that started in 2014 and was granted World
Championship status by the FIA during its seventh year of running (2020-21 season).
 India’s Mahindra Racing has been part of Formula E since its inception.
 Karun Chandhok has been the only Indian driver to race in the competition, steering the wheel for the Indian
outfit in the inaugural year.
Poovamma suspended for three months
 The National Anti-Doping Agency has suspended multiple Asian Games relay gold medallist M.R.
Poovamma for failing a dope test in the Indian GP at Patiala in February 2021.
 Poovamma was a member of the gold-winning 4x400m women’s and mixed relay teams in the
2018 Jakarta Asian Games and also part of the squad that won the women’s relay gold at the 2014
Incheon Asiad where she also took the bronze in the individual 400m.
National Games in Sept.-Oct
 Postponed several times due to different reasons, the National Games will be held in multiple cities
in Gujarat in September-October this year.
 The IOA took the decision after Gujarat Olympic Association and the state government jointly expressed
their interest to host the Games.
Learn Along:
About IOA(Indian Olympic Association)
Founded: 1927 secretary general: Rajiv Mehta Headquarters: New Delhi
Sources of the News:
The Hindu,The Indian Express,Business Standard, The Financial Express ,PIB, etc.

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