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Current Affairs Study PDF – July 2023
Current Affairs for Competitive Exam
Table of Contents
NATIONAL AFFAIRS ...................................................................................................................................................... 7
CABINET APPROVALS ............................................................................................................................................... 7
PARLIAMENT NEWS ................................................................................................................................................ 12
FESTIVAL ................................................................................................................................................................... 14
LAUNCHES & INAUGURATION ............................................................................................................................... 15
OTHER NEWS............................................................................................................................................................ 32
STATE NEWS ................................................................................................................................................................. 52
GOVT SCHEMES ............................................................................................................................................................ 57
INTERNATIONAL AFFAIRS ......................................................................................................................................... 63
VISITS............................................................................................................................................................................. 68
INDIAN VISITS .......................................................................................................................................................... 68
FOREIGN VISITS ....................................................................................................................................................... 71
BANKING & FINANCE NEWS....................................................................................................................................... 81
BANKING NEWS ....................................................................................................................................................... 81
RBI IN NEWS ............................................................................................................................................................. 81
SEBI ............................................................................................................................................................................ 90
LOANS ISSUED BY BANKS....................................................................................................................................... 96
AGREEMENTS & MoUs SIGNED.............................................................................................................................. 96
OTHER BANK NEWS .............................................................................................................................................. 100
FINANCE NEWS....................................................................................................................................................... 115
ECONOMY & BUSINESS NEWS.................................................................................................................................. 123
MoU’s & AGREEMENTS ............................................................................................................................................. 125
COMMITTEES & MEETINGS...................................................................................................................................... 152
SUMMITS, EVENTS & CONFERENCE ........................................................................................................................ 162
INDEX ........................................................................................................................................................................... 171
RANKING ................................................................................................................................................................. 171
REPORTS ................................................................................................................................................................. 179
AWARDS & RECOGNITIONS ..................................................................................................................................... 197
APPOINTMENTS & RESIGNATIONS ........................................................................................................................ 217
ACQUISITION & MERGERS ....................................................................................................................................... 233

SCIENCE & TECHNOLOGY ......................................................................................................................................... 236
DEFENCE...................................................................................................................................................................... 251
EXERCISE ................................................................................................................................................................. 251
MoU’s & DEALS ....................................................................................................................................................... 254
TESTING .................................................................................................................................................................. 255
OTHER DEFENCE NEWS ........................................................................................................................................ 256
SPORTS ........................................................................................................................................................................ 257
OBITUARY ................................................................................................................................................................... 278
BOOKS & AUTHORS ................................................................................................................................................... 283
IMPORTANT DAYS ..................................................................................................................................................... 284
APPS & WEB PORTAL ............................................................................................................................................... 314

NATIONAL AFFAIRS
CABINET APPROVALS
Cabinet approves draft Digital Personal Data Protection (DPDP) Bill, 2022
On July 5, 2023, the Union Cabinet, chaired by Prime Minister(PM) Narendra Modi, approved the Draft
of Digital Personal Data Protection (DPDP) Bill, 2022, will be tabled in Parliament during the upcoming
Monsoon session that will start on July 20 and continue till August 11 2023.
• The bill aims to provide consent-based data collection techniques.
What is DPDP Bill?
The Bill frames out the rights and duties of the citizen (Digital Nagrik) and the obligations to use collected data
lawfully of the data fiduciary (entities that collect personal data). It is based on the following six principles of
the data economy:
i.Collection and usage of the personal data of citizens of India.
ii.Data collection exercise: It must be for a legal purpose and the data should be safely stored till the purpose
is served.
iii.Data minimization: Only relevant data should be collected of individuals and serving the pre-defined
purpose should be the only aim.
iv.Data Protection and Accountability
v.Accuracy of data
vi.Rules regarding reporting a data breach
Background of DPDP Bill:
The Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or
Information) Rules, 2011, established by the Central Government under the Information Technology (IT) Act
2000 regulates the usage of personal data. However, it has been recognized that this framework is insufficient
to ensure adequate protection of personal data.
In response to this concern, the central government formed a Committee of Experts on Data Protection in 2017
chaired by Justice Bellur Narayanaswamy Srikrishna. The committee submitted its report in July 2018.
Based on the recommendations of the committee, the Personal Data Protection Bill, 2019 was introduced in the
Lok Sabha (the lower house of the Parliament of India) in December 2019. The bill was then referred to a Joint
Parliamentary Committee for further examination, which presented its report in December 2021.
However, in August 2022, the bill was withdrawn from Parliament. Subsequently, in November 2022, the
Ministry of Electronics and Information Technology (MeitY) released the Draft Digital DPDP Bill, 2022 for
public feedback, for which, MeitY received and considered 21,666 suggestions.
Key Proposals in the Bill:
i.It requires data fiduciaries, to maintain the accuracy of data, keep data secure, and delete data once their
purpose has been met.
ii.It empowers the Data Protection Board (DPB) to levy a penalty of up to Rs 250 crore on organisations for
every instance of violation of norms.
• It can also increase such fines to a maximum of Rs 500 crore with requisite cabinet approval. Such
increases will not require any amendments to the Law.
iii.The definition for children will be retained as anyone under the age of 18 amid sustained pushback from
industry experts.
iv.The proposed law could allow global data flows by default to all jurisdictions other than a specified ‘negative
list’ of countries, essentially an official blacklist of countries where transfers would be prohibited.
Penalties in the Bill:
DPDP Bill Proposes six types of penalties on non-companies to companies:
i.To prevent a personal data breach, a penalty of up to Rs 250 core is being proposed (as mentioned above).

ii.Failure to notify the Board and affected Data Principals in the event of a personal data breach will be
penalized upto Rs 200 crore.
iii.Non-fulfilment of additional obligations in relation to Children will attract a penalty of up to Rs 200 crore.
iv.Non-fulfilment of additional obligations of Significant Data Fiduciary under sections 11 of the Act may
attract Rs 150 crore fine.
v.Non-fulfilment of additional obligations of Significant Data Fiduciary under sections 16 of the Act may
attract Rs 10 crore fine.
vi.Non-compliance with provisions of this Act other than those listed in (1) to (5) and any rule made
thereunder will attract penalties up to Rs 50 crore.
Applicability of Bill:
It will apply to processing of digital personal data within India; and to data processing outside the country if it
is done for offering goods or services, or for profiling individuals in India.
How will this bill be beneficial?
i.The Bill will enhance India’s trade negotiations with other nations like the European Union (EU), whose
General Data Protection Rules (GDPR) are among the world’s most exhaustive privacy laws.
ii.It will also empower individuals to question private companies as well as governments about their data
collection, processing, and storage.
iii.It is a crucial pillar of the overarching framework of technology regulations which also includes the Digital
India Bill, the proposed successor to the Information Technology Act, 2000; the draft Indian
Telecommunication Bill, 2022;and a policy for non-personal data governance.
Key Points:
i.As per the United Nations Conference on Trade and Development (UNCTAD), approximately 137 out of 194
countries have implemented laws to safeguard data and privacy.
iii.Adoption rates for data protection and privacy laws are 61% in Africa (33 out of 54 countries), 57% in Asia
(34 out of 60 countries), and only 48% in Least Developed Countries (22 out of 46).
Recent Related News:
i.The Union Cabinet has approved the National Quantum Mission (NQM) with an outlay of Rs.6003.65 crore for
8 years (from 2023-24 to 2030-31). With this, India will join the top 6 nations (the United States of America
(USA), Canada, China, France, Austria, and Finland who are involved in the R&D in the QT.
ii.The Union Cabinet also approved the Cinematograph Amendment Bill, 2023 proposed by the Ministry of
Information and Broadcasting (MIB) to amend the Cinematograph Act, 1952. It will be introduced in the
upcoming Monsoon Session of Parliament.
About Ministry of Electronics and Information Technology (MeitY):
Union Minister – Ashwini Vaishnaw (Rajya Sabha, Odisha)
Ministers of State (MoS) – Rajeev Chandrasekhar (Rajya Sabha, Karnataka)
Union Cabinet has Approved Commercial Mining of 6 Critical Minerals Through MMDR Act
On 12th July 2023, Union Cabinet approved amendments to the Mines and Minerals (Development &
Regulation) MMDR Act of 1957, for the commercial mining of 6 critical minerals: lithium, titanium, beryllium,
zirconium, niobium and tantalum.
Note: This is the 5th amendment to the act since 2014. Earlier amendments authorised e-auction for minerals
and enabled the extension of expiring mine leases.
Key points:
i.The proposal will remove the six minerals from India’s ‘Atomic Minerals’ list and empower the Center to
auction their reserves for mining by private players.
ii.These minerals are key components of modern technologies such as mobile phones, electric vehicles, solar
panels, semiconductors, and wind turbines.
iii.These minerals help in electronics and communications, India’s transition towards greener energy, and
electrification of the transportation sector.

The new amendment:
i.The amendment proposes for an exploration licence, awarded through an auction to carry out
reconnaissance(exploration) and prospecting of a particular land for a mineral.
ii.The exploration licence for a larger area will be up to 5,000 sq km for a single block. The total area with one
entity will not exceed 10,000 sq km.
• Currently the government gives composite licences in a smaller area up to 25 square kilometres.
iii.The new amendment allows private companies to plan and explore areas where they conduct operations of
mining.
Lithium:
i.Lithium also referred to as “white gold”, is a non-ferrous metal used in rechargeable batteries, and to power
laptops, mobile phones, electric vehicles (EVs).The mineral converts the chemical energy it stores into electrical
power.
ii.Lithium-ion batteries offer a longer life cycle as compared to traditional lead-acid batteries.
OAMDR Act amended to enable commercial mining in offshore areas
On 12th July 2023, the Union Cabinet also cleared amendments to the Offshore Areas Mineral (Development
and Regulation)(OAMDR) Act, 2002, which allows commercial mining of mineral resources in offshore areas.
• Currently, the private sector is not allowed to mine mineral resources in offshore areas, including
territorial waters, continental shelves, exclusive economic zones, and other maritime zones of India
under the Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones
Act.
Note:
i.Australia is the world’s top lithium producer followed by the ‘Lithium Triangle’ of Argentina, Chile and
Bolivia.
ii.India meets about 70% of its lithium requirement from China and Hong Kong and it seeks to increase the EV
penetration from 1% currently to 30% by 2030.
The Government’s initiative to increase Lithium and other minerals production:
i.In 2019, the mines ministry created a joint venture company among National Aluminium Company Ltd
(NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL) named Khanij
Bidesh India Ltd (KABIL) to acquire mineral assets overseas such as lithium and cobalt.
ii.India and Australia identified five target projects (two lithium and three cobalt) under the India-Australia
Critical Minerals Investment Partnership to build new supply chains.
iii.India’s first lithium cell manufacturing facility with an installed capacity of 270 megawatt-hour (MWh) and a
daily production capacity of 20,000 cells of 10 amp-hour(Ah) came up in 2022 at Tirupati, Andhra Pradesh.
On 28th June 2023, Shri Pralhad Joshi, the Union Minister of Mines, released the first-ever report on “Critical
Minerals for India” which was constituted by the Ministry of Mines. This landmark report identifies 30 essential
minerals crucial to sectors such as defence, agriculture, energy, pharmaceuticals, and telecom.
Cabinet approves changes to Jan Vishwas (Amendment of Provisions) Bill 2023

On 12th July 2023, the union cabinet approved amendments to the Jan Vishwas (Amendment of Provisions)
Bill, 2023.The amendments were made to decriminalise minor offences by amending 183 provisions in 42 Acts
which administered by 19 ministers with the aim to promote ease of business and living.
• It amends 42 laws, across multiple sectors, in agriculture, environment and media and publication.
• This includes the Indian Post Office Act, 1898, the Environment (Protection) Act, 1986, the Public
Liability Insurance Act, 1991, and the Information Technology Act, 2000.
Backdrop:
i.The Jan Vishwas Bill was introduced in the Lok Sabha by Commerce and Industry Minister Piyush Goyal in
December 2022.It was referred to a Joint Parliamentary Committee (Chair: Mr. P.P. Chaudhary), which
submitted its report on March 17, 2023.

• The Bill removes certain offences. These include all offences under the Indian Post Office Act, 1898.
• The Bill increases the fines and penalties for various offences in the specified Acts.The fines and
penalties will be increased by 10% of the minimum amount every three years.
• The Bill omits all offences under the Indian Post Office Act, 1898.
ii.The committee prepared a report after it has held detailed discussions with all the 19 ministries or
departments along with the legislative department and department of legal affairs.
Acts in which amendments proposed:
i.The Acts which are being amended include The Drugs and Cosmetics Act(1940), Public Debt Act(1944),
Pharmacy Act(1948), Cinematograph Act(1952), Copyright Act(1957), Patents Act(1970), Environment
Protection Act(1986) and Motor Vehicles Act, 1988.
ii.The other laws include Trade Marks Act(1999), Railways Act(1989), Information Technology Act(2000),
Prevention of Money-laundering Act(2002), Food Safety and Standards Act(2006), Legal Metrology
Act(2009),and Factoring Regulation Act, 2011.
iii.These amending 42 laws are governed by various Union ministries, including finance, food production and
distribution, financial services, agriculture, commerce, environment, road transport and highways, posts,
electronics and Information Technology.
Outcome of the amendment:
In addition to seeking the decriminalisation of minor offences, the bill proposes the rationalisation of monetary
penalties based on the extent of the offence, thus consolidating trust-based government.
Union Cabinet Approves Mumbai based NITIE as 21st IIM of India

On 12th July 2023, the Union Cabinet chaired by the Prime Minister Narendra Modi approved a bill amending
IIM Act to include the National Institute of Industrial Engineering (NITIE) in Mumbai as the 21st Indian
Institute of Management (IIM).The amendment will rename NITIE Mumbai as IIM Mumbai.
• Maharashtra is set to become the first state to have two IIMs, which includes IIM Nagpur,
established by the Government of India in 2015, and newly designated IIM Mumbai.
• The approved bill to be passed in the monsoon session of Parliament, which is set to take place from
July 20 to August 11, 2023.
Backdrop:
i.In January 2022, the Ministry of Education constituted a committee of experts to assess the feasibility of
including NITIE under IIM Act 2017.
It includes Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange; Prof. Pawan Kumar Singh, Director,
IIM Tiruchirappalli; Prof. Pramod Kumar Jain, Director, IIT BHU; Prof. Subhasis Choudhuri, Director, IIT
Bombay; Pradeep Goyal, CMD, Pradeep Metals.
ii.The committee suggested that NITIE be renamed IIM Mumbai in 2022.
About NITIE:
i.NITIE Mumbai was established in 1963 with the support of the United Nations Development
Programme(UNDP)and the International Labour Organization(ILO) to create Skilled professionals.
ii.It is functioning under the Union Ministry of Education and offers postgraduate courses in various
management and industrial engineering fields.
iii.NITIE was ranked seventh in the National Institutional Ranking Framework (NIRF) ranking 2023.
About IIMs:
i.The Indian Institutes of Management (IIMs) were founded to help the country’s management education. There
are currently 20 IIMs in India (as of July 2023).

ii.The first two IIMs, IIM Calcutta and IIM Ahmedabad, were established in November 1961 and December
1961.
iii.The other IIMs include IIM Bangalore(1973),IIM Lucknow(1984),IIM
Kozhikode(1996),IIM Indore(1996),IIM Shillong(2007), IIM Raipur(2010), IIM Ranchi(2010),IIM
Rohtak(2010), IIM Tiruchirappalli(2011), IIM Udaipur(2011), IIM Kashipur(2011), IIM Amritsar(2015), IIM
Bodhgaya (2015), IIM Nagpur (2015), IIM Sirmaur(2015), IIM Sambalpur(2015), IIM Visakhapatnam(2015)
and IIM Jammu (2016).
About IIM Act:
i.It is an Act to designate specific management institutes as institutions of national importance in order to
empower these institutions to achieve global excellence in management, management research, and related
fields of knowledge.
ii.The IIM Act was introduced in 2017 and the rules were revised twice, in 2018 and 2022.
Union Cabinet Approves Mediation Bill, 2021 & Press & Registration of Periodicals Bill, 2023
On 19th July 2023, the Union Cabinet chaired by Prime Minister Narendra Modi approved the amendments to 2
key bills: The press and Registration of Periodicals Bill, 2023 and the Mediation Bill, 2021, which were re-
worked to incorporate suggestions from a Parliamentary panel.
• The amendments cleared by the union cabinets are largely based on the recommendations made by
the parliamentary panel.
• These bills will be introduced in the monsoon session of Parliament.
Note: Around 30 bills are being prepared for consideration during the monsoon session (from 20th July 2023
to 11th August 2023).
Amendments to Mediation Bill 2021:
• Amendments to the Mediation Bill including reducing the maximum timeline for completing
mediation proceedings from 360 to 180 days.
• Pre-litigation mediation has been made voluntary instead of mandatory.
About the Mediation Bill 2021:
Mediation Bill, 2021 was introduced in the Rajya Sabha
on 20th December 2021 and the Parliamentary Standing
Committee was tasked to review the bill.
• The bill aims to institutionalise mediation and
establish the Mediation Council of India.
• The Bill requires people to try to settle civil or
commercial disputes through mediation
before approaching any court or tribunal.The
Bill aims to promote, encourage, and facilitate
mediation, especially institutional mediation,
to resolve disputes, commercial and otherwise.
• It also proposes mandatory mediation before
litigation and safeguards the rights of litigants
to approach competent adjudicatory
forums/courts for urgent relief.
Applicability:
The bill applies only for mediations conducted in India.
• involving only domestic parties
• involving at least one foreign party and relating to a commercial dispute (i.e., international
mediation)
• if the mediation agreement states that mediation will be as per this Bill

Disputes not fit for mediation:
Disputes involving claims against minors or persons of unsound mind, involving criminal prosecution, and
affecting the rights of third parties are considered disputes not fit for mediation.
Key Features:
i.The Mediation Council of India, established to regulate the profession of mediatrors, will not have
representation of practising mediators with adequate experience.
ii.The council requires prior approval from the Government of India(GoI) before issuing regulations related to
its essential functions.
iii.According to the bill, Mediation proceedings will be confidential, and must be completed within 180 days
and it may be extended by 180 days by the parties.
What is Mediation?
Mediation is a structured, interactive process where an impartial third party neutrally assists disputing parties
in resolving conflict through the use of specialized communication and negotiation techniques.
About the Press and Registration of Periodicals Bill, 2023:
The Press and Registration of Periodicals Bill, 2023 will replace the Press and Registration of Books(PRB) Act
1867’ which governs the registration of the print and publishing industry in India.
• This will simplify the legislation that de-criminalises various provisions and brings digital media
under its ambit.
• This bill aims to ensure transparency and ease of doing business.
• This will also facilitate the registration process for newspapers and periodicals and remove penal
provisions for not including the name of the printer or the operation of printing presses by
newspapers.
Key Points:
i.At present, anyone who wants to start a newspaper has to apply with the district collector who will send the
application to the Registrar of Newspapers in India (RNI) to check for title availability.
ii.The new bill moves this step of checking title availability online and reduces the time for registration.
PARLIAMENT NEWS
Rajya Sabha Chairman reconstituted panel of vice-chairpersons with 50% women
Parliamentarians
The Vice President of India, ex-officio Chairman of Rajya Sabha Jagdeep Dhankhar has appointed 4 women
Parliamentarians namely Pilavullakandi Thekkeparambil Usha (PT Usha), Phangnon Konyak, Fauzia Khan and
Sulata Deo to the panel of vice-chairpersons.
• The panel of vice chairpersons has been reconstituted with effect from 17th July 2023. The panel
reconstituted before the Monsoon Session contains a total of 8 members, out of which half(4) are
women.
• For the first time in the history of Rajya Sabha (the Upper House of the Indian Parliament) has given
equal representation to women members in the panel.
Note: The Vice Chairpersons conduct the proceedings of the House when the Chairman and Deputy Chairman
are not available.
Key Points:
i.Apart from these 4 women members, V Vijaysai Reddy(Andhra Pradesh), Ghanaashyam Tiwari(Rajasthan), Dr
L Hanumanthaiah(Karnataka), Sukhendu Sekhar Ray (West Bengal) have also been nominated to the panel.
ii.Phangnon Konyak, Rajya Sabha MP from Nagaland became the first woman from Nagaland to be nominated
to the panel of Vice Chairpersons.
• She is also the first woman from Nagaland to be elected as a Member of Rajya Sabha and the 2nd
Woman from Nagaland to be elected to either the House of Parliament or the state Assembly.
iii.PT Usha became the first nominated MP in Rajya Sabha to be nominated to the panel of Vice Chairpersons.

Four Women Parliamentarians:
1. P.T. Usha:
i.A distinguished athlete and was awarded the Padma Shri in the Sports Field in 1985.
ii.In July 2022, PT Usha became the President nominated member of Rajya Sabha.
iii.She is a member of the Committee on Defence, the Consultative Committee for the Ministry of Youth Affairs
and Sports, and the Committee on Ethics.
2. S PhangnonKonyak:
i.She belongs to the Bharatiya Janata Party (BJP).
ii.She is a member of Committee on Transport, Tourism and Culture, Consultative Committee for the Ministry of
Development of North Eastern Region, Committee on Empowerment of Women, House Committee and
Member, Governing Council of the North-Eastern Indira Gandhi Regional Institute of Health and Medical
Sciences (NEIGRIHMS), Shillong (Meghalaya).
3. Dr.Fauzia Khan:
i.She belongs to the Nationalist Congress Party. She was elected to the Rajya Sabha from Maharashtra in April,
2020.
ii.She is a member of Committee on Empowerment of Women, Committee on Consumer Affairs, Food and
Public Distribution, Consultative Committee for the Ministry of Law and Justice.
4. SulataDeo:
i.She is a member of the Biju Janata Dal. She was elected to Rajya Sabha from Odisha in July, 2022.
ii.She is a member of Committee on Industry, Committee on Empowerment of Women, Joint Committee on
Office of Profit, Committee on Members of Parliament Local Area Development Scheme (MPLADS) and
Consultative Committee for the Ministry of Women and Child Development.
Additional Info:
The Rajya Sabha Chair has transitioned to a fully digital approach. The Rajya Sabha Chair will now utilise
electronic tablets for various aspects related to the conduct of business in the House, attendance in the House,
details of Members speaking and other relevant information.
About Rajya Sabha:
i.Rajya Sabha is the Upper House of the Indian Parliament.
ii.According to article 80 of the Indian Constitution, The total allowed capacity is 250 which includes, 238
elected and 12 appointed members.
iii.30 years is the minimum age required to become a member of the Rajya Sabha.
Ministry of Finance amends Small Saving Rules, allows NRIs as Nominees

The Ministry of Finance has amended the Government Savings Promotion General Rules, 2018 with
Government Savings Promotion General (Second Amendment) Rules, 2023, under which the Non-resident
Indians (NRIs) are made eligible to be nominated as nominee for government saving schemes.
• This is on the condition that payment to such nominee/s shall be on non-repatriation basis.
• This amendment has been added as sub-rule (9) in the principal rules, in rule 14, after sub-rule (8).
• The new rule indicates that the money needs to utilised in India.
Key Points:
i.The rule covers various schemes under the Government Savings Promotion Act, 1873, such as Public
Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizens
Savings Scheme (SCSS), Mahila Samman Savings Certificate Scheme (MSSC), Post Office Time Deposits,
Kisan Vikas Patra (KVP), and Post Office Monthly Income Scheme.
ii.This amendment benefits NRIs by allowing them to invest in small saving schemes and addresses issues
related to their nomination.
iii.Another amendment allows for converting a joint account into a single account upon the death of an account
holder. Previously, this conversion was not allowed.
iv.Changes have been made to payment norms for the death of a depositor. For amounts up to Rs 5 lakh

without a nominee, specific documents must be provided within six months. In the absence of relevant
documents, the rightful claimant will be required to fill out Form 11.
• For amounts exceeding Rs 5 lakh, payment is based on the will or letter of succession, along with
other necessary documents.
v.Another Key Amendments include Changes to name/surname, Accounts on the names of minors, etc. Click
Here for Official full list of Amendments
Competition (amendment) Act 2023: Power to appoint DG shifted to CCI from MCA
The Central Government has implemented a key provision of the Competition (amendment) Act 2023 that
vests power of appointment of Director General- DG (Investigation) in the Competition Commission of India
(CCI). Concurrently, it also has modified existing recruitment rules Competition CCI (Director General)
Recruitment Rules, 2009 to change the composition of the Search-cum-Selection Committee for appointment
of DG.
What are the changes?
i.Earlier, the Search-cum-Selection Committee was headed by Secretary, Ministry of Corporate Affairs (MCA).
Now, upon the vesting of power in CCI, the Search-cum-Selection Committee will now be headed by
Chairperson CCI and will have two Members, one each to be nominated by MCA and Central Government
(expert-person of eminence)
ii.The DG would be appointed by CCI out of the Panel (upto three names) recommended by the search-cum-
selection committee after obtaining prior approval of the Central Government.
• So far, the power to appoint DG was vested in the MCA.
Reason behind these amendments:
These changes follow the recommendation of the Competition Law Review Committee (CLRC) which aims to
address the issue of the Director General’s direct accountability to the Central Government instead of the CCI.
• The change seeks to create a clear separation between the regulator’s investigative and other
functions in line with international competition regulators’ practices.
When Competition (Amendment) Act, 2023 come into force?
The Amendment Act comes into force on such date as the Central Government may, by notification, in the
official gazette specify Different dates may be appointed for different provisions of this Act
• The Act of Parliament received the assent of the President on the 11th April, 2023.
The Competition (Amendment) Act 2023 – Key Amendments
• Broadening the scope of anti-competitive agreements
• Reduction in time-limit for review of M&As from 210 days to 150 days
• Introduction of Deal Value as another criterion for notifying M&As
• Limitation Period of 3 years for filing Information(s)
• Penalty indexed to Global Turnover
• Introduction of Settlement & Commitment framework for faster market correction
• Hub-and-Spoke type arrangements brought under the presumptive rule of Appreciable
• Adverse Effect on Competition (AAEC)
• Leniency Plus
• Framing of Regulations after public consultations
• Issuance of Guidelines
• Appointment of the Director General by the Commission, with prior approval of Central Government
FESTIVAL
Annual Hemis Tsechu Festival concludes at Ladakh
The annual two day Hemis Tsechu Festival is celebrated by Hemis Gompa (monastery) from 28th June to 29th
June 2023 in Leh, Ladakh on the birth anniversary of Guru Padmasambhava to commemorate his life and

works, who is referred to as Guru Rinpoche.
About the festival:
i.Hemis Tsechu Festival celebrating Guru Padmasambhava, in which monks wear masks and dance to the
rhythm of cymbals and long horns.
ii.The main celebration of the festival is the chaam dance performed by monks to commemorate the victory of
good over evil and to bless the land with renewed life and fertility.
iii.This festival also marks the opening of Guru Padmasambhava’s silk thangka (Tibetan painting) on the
occasion of Monkey Year in the Tibetan Calendar, which falls every 12 years.
About Guru Padmasambhava:
Guru Padmasambhava lived in the late 8th century, introducing tantric Buddhism to the Himalayan kingdom.
He preached to people with his famous eight avatars.
About Union Territory of Ladakh:
Lieutenant Governor – B. D. Mishra
Formation year – 31 October 2019
LAUNCHES & INAUGURATION

PM launched National Sickle Cell Anaemia Elimination Mission and issued AB-PMJAY cards in
Madhya Pradesh
On 1st July 2023, Narendra Modi, Prime Minister (PM) of India launched the National Sickle Cell Anaemia
Elimination Mission (NSCEM) as part of the National Health Mission (NHM) and released the guidelines for
Sickle Cell Anaemia Elimination Mission in Shahdol, Madhya Pradesh to eliminate anaemia by 2047. Along with
the initiative of NSCEM, the PM also distributed sickle cell genetic status cards to the beneficiaries.
• The PM also initiated the distribution of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-
PMJAY) cards of about 3.57 crore beneficiaries, with 1 crore cards already being issued to the
beneficiaries in Madhya Pradesh.
• The ceremony for the distribution of AB-PMJAY cards was being organised at urban bodies, Gram
panchayats and Development Blocks across Madhya Pradesh.
Key People:
Dr Mansukh Mandaviya, Union Minister for Health and
Family Welfare; Mangubhai C. Patel, Governor of Madhya
Pradesh; Shivraj Singh Chouhan, Chief Minister of Madhya
Pradesh were also present at the event.
What is Sickle cell Disease (SCD)?
It is a chronic single gene disorder causing a debilitating
systemic syndrome characterised by chronic Anaemia,
acute painful episodes, organ infarction and chronic organ
damage and by a significant reduction in life expectancy.
Note: As per Forbes, India has the second-highest global
prevalence of SCD. As per a National Health Mission
report, Madhya Pradesh has the highest burden of sickle
cell anaemia.
About National Sickle Cell Anaemia Elimination
Mission (NSCEM):
i. The mission was announced in the Union Budget 2023,
aims to address the important health challenges caused by sickle cell disease, particularly among tribal
populations of India.

ii. The mission will be implemented in 278 districts of 17 states in India namely Gujarat, Maharashtra,
Rajasthan, Madhya Pradesh, Jharkhand, Chhattisgarh, West Bengal, Odisha, Tamil Nadu, Telangana, Andhra
Pradesh, Karnataka, Assam, Uttar Pradesh, Kerala, Bihar, and Uttarakhand.
iii. NSCEM was developed to ensure that the health risks faced by the tribal communities of India are
significantly reduced.
iv. Over a period of three years, spanning from the fiscal year 2023-24 to 2025-26, the program targets
screening approximately 7.0 crore people.
About Ayushman Bharat Cards:
i. The Ayushman Bharat Scheme has significantly reduced the financial burden on the people due to medical
expenses and the AB-PMJAY cards will act as an ATM card worth Rs. 5 lakhs.
ii. The card provides equity in healthcare and is accessible anywhere India to get free treatment.
Highlights:
Efforts taken by the Government of India to reduce the impact of various disease were highlighted like
Elimination of Tuberculosis (TB) completely in India by 2025.
About Madhya Pradesh:
Chief Minister- Shivraj Singh Chouhan
Governor- Mangubhai C. Patel
Tiger Reserve- Bandhavgarh Tiger Reserve, Kanha Tiger Reserve
Kishan Reddy releases postal cover on “9 Years of Telangana Statehood”

On 30th June 2023, G Kishan Reddy, Union Minister for Tourism, released a special postal cover to
commemorate “9 Years of Telangana Statehood” and Picture Post cards (a set of 5 cards) on “Buddhist
Heritage in Telangana – Bavapur Kurru” at an event in Dak Sadan, Hyderabad, Telangana.
• The special postal cover featuring Dhulikatta Buddhist stupa is priced at Rs 50 and the set of
Bavapur Kurru post cards are priced at Rs 200.
• These will be available at all head post offices.
About the Special postal cover:
The special postal cover released by the Department of Post features the Dhulikatta Buddhist stupa, situated on
the banks of Hussaini Vagu at Dhulikatta in Peddapalli district, Telangana. The Stupa is Palaeographically
datable to 2nd century B.C.
About the Set of Picture Post Cards:
The set of 5 cards traces the events of Bavari, journey of a Brahmin sage from the Parayanavagga of Suttanipata,
and the introduction of Buddha Dhamma.
• The cards depicts the life event of a Buddhist monk Bavari,who settled in Assaka Janapada and sent
16 of his disciples to Magadha to meet the Buddha.
Bavapur Kurru:
i.Bavapur Kurru is the Buddhist site, located on an island in the middle of the river Godavari, 14 kms from
Khanapur town in Nirmal District, Telangana. This site was found by archaeologists in 2019.
ii.The Buddhist literature mentioned about the spread of Buddhism in Telangana in Parayanavagga of Sutta-
Nipata, a collection of religious discourse, speaks of Bavari, a Brahmin priest who came from Kosala in Magadha
to settle on an island of the Godavari River.
Telangana Statehood Day – 2nd June:
i.Telangana was formed as the 29th State of India on 2nd June 2014.
ii.The Andhra Pradesh Reorganisation Act of 2014, (Telangana Act), is an Act of Indian Parliament that split the
state of Andhra Pradesh into Telangana and Andhra Pradesh.
2nd June 2023 marks the 9th Statehood Day of Telangana.

ITC released a Special Stamp on Mission Millets in collaboration with Department of Post
On 25th July 2023, ITC Limited, a leading Indian multi-business enterprise based in Kolkata, West Bengal, has
released a special postal stamp, a “Customised My Stamp” on Mission Millet in collaboration with the
Department of Post(India Post) under the Ministry of Communication.The stamp was released by Kailash
Choudhary, Minister of State (MoS) for the Ministry of Agriculture & Farmers’ Welfare(MoA&FW).
• The postal stamp was released to celebrate Shree Anna and to create awareness about the
importance of Millets.
• The postal stamp is a part of ITC’s Mission Millets initiative commemorating the International Year
of Millets 2023.
• The exclusive ITC Mission Millets postal stamp acknowledges the significant role of farmers and
connects sustainable farming to nutritious food products and delicious millet-based recipes and
dishes.
Note: ‘My Stamp’ is the brand name for personalized sheets of Postage Stamps of India Post.Customized My
Stamp is a personalized sheet of Postage Stamps wherein the
corporate, organizations and institutions can get their customized sheets printed
from India Post.
ITC Mission Millets:
i.ITC launched Mission Millets in 2023, focussed on mainstreaming millets and in order to support the
Government of India’s (GoI) commitment to ‘Help India Eat Better’.
ii.ITC Mission Millets is powered by 3 Pillar strategy, which includes the development of a ‘good-for-you’ food
portfolio; the implementation of sustainable farming systems; and the creation of a robust millets agri value
chain.
iii.Along with the Mission Millets initiative ITC also promoting Farmer Producer Organizations (FPOs) in millet
farming connected through its app ITC Meta Market for Advanced Agricultural Rural Services (ITCMAARS), an
integrated ‘phygital’ eco-system to provide farmers with agricultural and related services on a digital platform
in 2022.
Key Points:
i.The ITC Millets Stamps release will further strengthen the vision of ITC to empower, educate and encourage
millet farming and consumption in India.
ii.India is the largest millet producer in the world.The efforts taken by the Ministry of Agriculture and Farmers
Welfare on millets include the
• Celebration of the International Year of Millets-2023;
• Holding of G20 Agriculture Ministerial Meeting (AMM);
• Designating Indian Council for Agricultural Research (ICAR)-Indian Institute of Millets Research
(IIMR), Hyderabad as Global Centre of Excellence on Millets.
Other Participants:- Sushri Manju Kumar, Chief Post Master General, Department of Post, and S Sivakumar,
Group Head – Agri Business, ITC.
Additional Info:
In March 2023, ITC Ltd partnered with the Bharat Banking Mission of Axis Bank to offer lending products and
services to farmers, who are a part of the Agricultural Ecosystem of ITC.
India and the US jointly launched a call for proposals on Critical and Emerging Technology
On 18th July 2023, India and the United States of America (US) jointly launched a call for proposals on “Critical
and Emerging Technology: Quantum Technologies and Artificial Intelligence for Transforming Lives“. The
program was designed by the Indo-US Science and Technology Forum (IUSSTF) and the Secretariat for
USISTEF.
• The objective is to promote technology innovation and entrepreneurship in commercially viable and
socially relevant areas.

• US Secretary, Department of Energy, Ms Jennifer M. Granholm and Union Minister of State
(Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions,
Atomic Energy and Space Dr Jitendra Singh made a discussion on bilateral collaboration between
the two countries.
• The program worth USD 2million launched under the US-India Science and Technology Endowment
Fund (USISTEF) for the joint development and commercialization of Artificial Intelligence (AI) and
quantum technologies, and encouraged public-private collaborations to develop high performance
computing (HPC) facilities in India.
• The call will remain open till August 31, 2023 and will invite joint Indo-US technology innovation
and entrepreneurial proposals that are commercially viable and socially relevant.
• It will provide a prominent boost to the domestic as well as the US priorities looking at various
facets of the United Nations Sustainable Development Goals (SDG).
Note – India has recently approved the National Quantum Mission (NQM) with an aim to seed, nurture and
scale up scientific and industrial R&D and create a vibrant & innovative ecosystem in Quantum Technology
(QT).
DoT Launches Bharat 6G Alliance to Drive Innovation and Collaboration in Next-Generation

Wireless Technology
On July 3, 2023, the Department of Telecommunications (DoT),Ministry of Communications (MoC) launches
Bharat 6G Alliance (B6GA) to propel India’s technological progress in the telecom sector. In this regard, the
B6GA website (https://bharat6galliance.com) was also launched.
• The formation of B6GA was announced by Union Minister Ashwini Vaishnaw, MoC, in the presence
of Devusinh Chauhan, Minister of State(MoS) for Communications.
What is B6GA?
B6GA is a collaborative platform in India, bringing together startups, companies (both public and private),
academia, research institutions, global technology alliances, associations, and standards development
organizations.
Its goal is to lead the development and deployment of 6G technology in India, and to make India a leading global
supplier of IP (Internet Protocol) products and affordable 5G, 6G, and future telecom solutions.
• B6GA will deploy 6G technologies to act as a powerful force multiplier for India by 2030.
Key Points:
i.It will understand the business and societal needs of 6G beyond technology requirements, and promote high-
impact open R&D initiatives.
ii.It will promote technology ownership and indigenous manufacturing, create a culture of technology co-
innovation, reduce imports, and boost export opportunities.
iii.It will accelerate standards-related patent creation in India and actively contribute to international
standardization organizations such as 3GPP (Third Generation Partnership Project) and ITU (International
Telecommunication Union).
Funding for 6G technology projects:
A grant of Rs 240.51 crores under the Telecom Technology Development Fund (TTDF) has been allocated to
support the advancement of 6G technology.
This fund will be used for 2 projects: the 6G THz Testbed with Orbital Angular Momentum (OAM) &
Multiplexing and the Advanced Optical Communication Test Bed.
i.6G THz Testbed with Orbital Angular Momentum(OAM):
This project will be undertaken by a consortium consisting of SAMEER (Society for Applied Microwave
Electronics Engineering and Research), a Research and Development (R&D) lab under the Department of
Electronics, Ministry of Electronics and Information Technology (MeitY); IIT (Indian Institute of
Technology) Madras (Tamil Nadu), IIT Guwahati (Assam), and IIT Patna (Bihar).

• It aims to explore the potential of 6G (Sixth-Generation Wireless) technology using terahertz (THz)
frequencies and advanced multiplexing techniques for the development of 6G applications and
services.
ii.Advanced Optical Communication Test Bed project,
It will be undertaken in collaboration with IIT Madras, IIT Delhi, Indraprastha Institute of Information
Technology (IIIT) Delhi, and several industry players, focusing on creating an advanced test bed for optical
communication technologies.
• This initiative will spur innovations in areas like telemedicine and telesurgery, revolutionizing
healthcare services in India.
Note for TTDF: Launched by DoT/USOF in October 2022, 5% of annual collections from USOF (Universal
Service Obligation Fund) are available for TTDF Scheme for funding research & development of technologies,
products, and services.
Digital Communication Innovation Square (DCIS) initiative:
During the event, grants totalling Rs 48 crore were awarded to 66 startups and MSMEs (Micro, Small &
Medium Enterprises) under Digital Communication Innovation Square (DCIS) initiative which fosters
innovation and entrepreneurship.
• DoT felicitated 75 innovators for their contributions to the field, and exceptional achievements.
• DoT under DCIS Scheme has been funding such startups and MSMEs .
India’s Achievements in Telecom Sector:
1. Four-fold increase in BTS (Base Transceiver Station) sites to 25 Lakh
2. FDI in Telecom Sector has increased to 24 billion Dollar
3. Over 2.7 lakh 5G tower have been installed almost at a rate of 1 Tower per minute making India
among Top three 5G ecosystems in the World.
4. Japan has aligned with India on Digital Payment system of India.
5. Over 1,600 crore investments in Telecom Manufacturing under PLI (Production Linked Incentive)
6. Over 200 patents in 6G technology
7. Advancement in zero latency Advanced optical communication for fields like Telemedical and
Telesurgery.
i.On March 27, 2023, MoC Minister Ashwini Vaishnaw, and Devusinh Chauhan, Minister of State for
Communications, inaugurated the Two days ‘First International Quantum Communication Conclave’ which was
held on 27-28 March 2023 at Vigyan Bhawan, New Delhi.
ii.India Post Payments Bank (IPPB), under the ownership of the Department of Post, the Ministry of
Communications, partnered with New Delhi (Delhi)-based Bharti Airtel Limited to launch banking services
through WhatsApp for its customers.
About Ministry of Communications (MoC):
Union Minister– Ashwini Vaishnaw (Rajya Sabha, Odisha)
Minister of State– Devusinh Chauhan (Constituency-Kheda, Gujarat)
Defence Minister Rajnath Singh launched NCC Integrated Software for Cadets
On 7th July 2023, Rajnath Singh, Union Minister of Defence, launched the National Cadet Corps (NCC)
Integrated Software (NIS), a single window interactive software for Cadets, in New Delhi, Delhi.
During the event, NCC signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to
open zero balance accounts of all NCC Cadets.
Key People:
Giridhar Aramane, Defence Secretary, Lt Gen Gurbirpal Singh AVSM VSM, Director General of NCC (DGNCC) and
senior officials of the ministry of Defence (MoD), NCC, BISAG and SBI were present during the event.
About NCC Integrated Software (NIS):
i.NIS, designed on the ‘Entry to Exit Model’, wasdeveloped in partnership with Bhaskaracharya Institute for

Space Applications and Geo Informatics (BISAG).
ii. The software, based on Prime Minister(PM) Narendra Modi’s vision of “Once a Cadet Always a Cadet”,will
digitalize the entire process from the stage of enrolment in NCC as a cadet till exit registration as alumni.
iii. This will enable seamless issue of certificates, creation of an all India database of NCC cadets at the time of
their employment.
MoU signed between NCC and SBI to open zero balance accounts for NCC Cadets
NCC and SBI signed a MoU to open zero balance accounts for all NCC Cadets with debit card, chequebook &
passbook facility under the “Pahli Udaan” scheme, SBI savings account for minors.
Note: About 5 lakh Cadets will be benefitted by this MoU every year.
Key Features:
i. The account opened for the cadets will remain functional till completion of training or attaining 18 years of
age whichever is later.
ii. This will introduce the cadets to the national banking system and provide them with a ready platform to
avail benefit of other Government schemes through DBT (Direct Benefit Transfer) of funds into their accounts.
• Under DBT initiative, (MoD) reformed the physical uniform distribution to make it more transparent
and seamless, allowing direct bank transfer of uniform allowance in the bank accounts of the NCC
cadets.
iii. It will replace the existing central procurement and distribution process.
MSDE launched “AI for India 2.0”, Free AI Training Programme for the youth of India
On the occassion of World Youth Skills Day 2023 (15th July 2023), Dharmendra Pradhan, Union Minister of
Skill Development and Entrepreneurship(MSDE) launched a free online training programme on Artificial
Intelligence (AI), “AI for India 2.0“.
• It is a joint initiative of Skill India and Grab Ur Vernacular Imprint (GUVI), an Indian Institutes of
Technology (IIT) Madras, Chennai, Tamil Nadu and Indian Institutes of Management (IIM)
Ahmedabad, Gujarat incubated company.
• This National Council for Vocational Education and Training (NCVET) under the MSDE and IIT
Madras accredited online programme will enable the youth of India with frontier skills.
• The online programme is reportedly available in nine languages. This initiative is a beginning to
eliminate the language barriers in technology education and future-proofing India’s YuvaShakti,
especially in rural areas.
Note: 16th July of every year is globally observed as AI Appreciation Day to recognize and appreciate
the impact of AI on our lives.
Department of Telecommunications (DoT) Launches Bharat Internet Utsav

The Department of Telecommunications (DoT) under Ministry of Communication(MoC) in collaboration with
MyGov(Government of India’s citizen engagement platform), has launched the “Bharat Internet Utsav” to
celebrate the transformative role of the internet by encouraging citizens to share their stories of how the
internet has positively impacted their lives.
• To participate in this Utsav, citizens can share their videos of up to 2 minutes of various empowering
real-life stories on the transformation brought by Internet in the various aspects of their life on any
of the social media handles with #BharatInternetUtsav or upload in drive link, and the same link
can be submitted on MyGov at https://innovateindia.mygov.in/bharat-internet-utsav/.
• The contest shall be conducted on MYGOV from 07.07.2023 to 21.08.2023 and the best stories shall
be rewarded with prizes upto Rs 15,000.
DoT is utilizing the Universal Service Obligation Fund (USOF) to provide affordable, reliable internet
access to citizens in remote and commercially unviable areas, ensuring widespread connectivity.

MoA & FW Launched 3 Technological Initiatives Under PMFBY & RWBCIS
On 21st July 2023, the Ministry of Agriculture and Farmers Welfare (MoA & FW) launched 3 technological
initiatives under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop
Insurance Scheme (RWBCIS) to empower farmers and streamline their operations in New Delhi, Delhi.
• Union Agriculture Minister Narendra Singh Tomar and Union Minister for Earth Sciences Kiren Rijiju
launched the new initiatives, including YES-Tech (Yield Estimation System, based on
Technology) Manual, Weather Information Network Data Systems (WINDS) portal
and AIDE (Sahayak) mobile app, to provide farmers with accurate weather data, yield estimates, and
crop insurance access, effective from the current tender cycle of 2023-25.
YES-TECH Manual:
i.Developed after testing in 100 districts of India, the YES-TECH Manual helps in the implementation of YES-
TECH, a technology-driven yield estimation system.
ii.It enables accurate yield assessments at the Gram Panchayat level in the agricultural sector.
WINDS Portal:
i.It is a centralized platform to manage hyper-local weather data collected by automatic weather stations and
rain gauges at taluk/block and gram panchayat levels.
ii.The portal aids in risk assessment, crop insurance, agriculture advisories, and disaster mitigation, thus
supporting the agricultural sector and rural economy.
AIDE mobile app:
The Android platform app aims to revolutionize crop insurance more accessible and convenient for farmers
with a seamless and transparent approach.
Key highlights:
i.Minister of Agriculture announced the delinking of subsidies, ensuring that farmers receive their claim
payments without waiting for State actions.
ii.This provides financial security to farmers as the centre releases its share of subsidies independently.
About Ministry of Agriculture and Farmers Welfare (MoA & FW):
Union Minister- Narendra Singh Tomar (Constituency-Morena, Madhya Pradesh)
Minister of State- Sushri Shobha Karandlaje; Kailash Choudhary.
NITI Aayog Releases IESS to Assess the Impact of Green Energy Policies
On 20th July 2023, the NITI Aayog (National Institution for Transforming India) released a Revamped India
Energy Security Scenarios (IESS) 2047 (IESS 2047 V3.0) to assess the integrated impact of various green
energy policies of Government of India.
Key people:
The release was attended by Suman Bery, Vice Chairperson (VC), NITI Aayog, Dr. V.K. Saraswat, Member, NITI
Aayog, B.V.R. Subrahmanyam, Chief executive officer(CEO), NITI Aayog, Amitabh Kant, G-20 Sherpa.
Objectives:
i.IESS 2047 is a user-friendly interactive tool that can help ministries/ departments to develop a variety of
energy transition scenarios to achieve net-zero.
ii.The tool helps analyze emissions, cost, land, and water requirements till 2047 by assessing the demand and
supply of energy. It provides many permutations and combinations of net-zero pathways.
iii.It provides capabilities to compute the energy needs and estimates of the country and hence reduce India’s
dependency on external agencies for the estimates.
About IESS:
i.IESS an open-source tool, incorporates several policies related to alternative energy resources like Green
Hydrogen, Energy Storage, Renewable Purchase Obligations, PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha
evam Utthaan Mahabhiyan), offshore wind strategy, Electric Vehicle policy, Energy efficiency, etc.
ii.The revamped IESS 2047 will be updated on a yearly basis. The baseline has been standardised at 2020 and
calibrated up to 2022.

NITI Aayog and Vasudha Foundation Released the ICED 3.0
On 20th July 2023, NITI Aayog in collaboration with energy and climate think-tank Vasudha Foundation
released the India Climate Energy Dashboard (ICED) 3.0 during the 14th Clean Energy Ministerial (CEM) in
Goa.
• The ICED is the country’s one-stop platform for revamped online data center on energy, electric
mobility, climate and related economic datasets.
Key points:
i.Developed as a user-friendly platform, ICED 3.0 enables users to access and analyze datasets from 2005 using
an analytical engine freely and helps to monitor India’s clean energy transition journey.
ii.It is claimed to aid policymakers, the general public, and energy and climate trackers to track the latest
information from different ministries.
iii.This dashboard empowers users with over 500 parameters, over 2000 infographics, and several interactive
visualizations, allowing users to understand India’s energy sector holistically.
About NITI Aayog:
Chairman- Narendra Modi, Prime Minister
CEO- B.V.R. Subrahmanyam
Established- January 1st, 2015
Headquarters- New Delhi, Delhi
Indian Army & TVS motor launched All-women Motorcycle Rally to commemorate 24th Kargil
Vijay Diwas
The Indian Army, in partnership with TVS Motors company, launched a Tri-Services All Women Motocycle
Rally – ‘Nari Sashaktikaran Motorcycle Rally’ to commemorate 24th Kargil Vijay Diwas and to highlight the
brave spirit of women. General Manoj Pande, the Chief of the Army Staff (COAS) flagged off all-women
motorcycle rally from the National war memorial, New Delhi on 18 July 2023.
• The Kargil Vijay Diwas commemorates the victory of Indian Armed Forces against Pakistan on July
26, 1999, as part of Operation Vijay.
i.Rally will cover around 1000 kilometres through Haryana, Punjab, Jammu & Kashmir and Ladakh to reach
Kargil War Memorial in Dras, Kargil District, Ladakh on 25 July 2023.
ii.The 25-member strong tri-services team includes two Veer Naris, one of whom is a serving officer, 10 serving
Indian Army Women officers, one woman officer each from Indian Air Force and Indian Navy, three women
soldiers of Indian Army and eight Armed Forces spouses.
iii. The riders took part in the rally with TVS Ronin motorcycles.
NHA launches 100 Microsites Project to Promote Digital Health Adoption

On July 28, 2023, the National Health Authority (NHA) launched the 100 Microsites project under Ayushman
Bharat Digital Mission (ABDM) to promote digital health adoption and enhance healthcare accessibility for all.
• The project will be implemented by State Mission Directors of ABDM, while NHA will provide
financial resources and overall guidance.
• The Microsites will be established across India in various states/Union Territories (UTs).
Key Points:
i. The State and UT can collaborate with development partners and interfacing agencies to set up and manage
the microsites.
ii. All healthcare facilities and professionals, especially from the private sector, will be registered in ABDM’s
Healthcare Professionals Registry (HPR) and Health Facility Registry (HFR). ABDM-enabled applications will
then be installed within the microsite, while patients visiting these centers will have their health records linked
to their ABHA(Ayushman Bharat Health Account) profiles.

What are Microsites?
Microsites are clusters of ABDM-enabled small and medium-scale healthcare facilities, such as clinics, nursing
homes, hospitals (with less than 10 beds), laboratories, and pharmacies, offering digital health services to
patients. The project’s pilot Microsite was initiated in Mumbai, Maharashtra, in October 2022, and additional
Microsites were launched in Ahmedabad and Surat, Gujarat, in March 2023.
Approval and Guidelines:
The 100 Microsites project was approved by the Mission Steering Group (MSG) during a meeting held on April
12, 2023. Subsequently, on May 31st, 2023, the NHA issued operational guidelines for the nationwide activation
of Microsites.
Aim:
To raise awareness about ABDM and its benefits among small and medium-scale healthcare providers,
encourage them to register on ABDM’s core registries, use ABDM-certified digital solutions and ultimately link
digital health records.
Types of facilities to be covered under a Microsite:
i.Private facilities like standalone clinics, polyclinics , nursing homes, small hospitals (preferably <10 beds),
labs, pharmacies, and any other healthcare facilities wherein health records are generated.
ii.Health Facilities and Health Professionals from all the systems of medicine.
Categories of a Microsite:
State/UTs have the flexibility to choose between two categories of Microsites based on regional priorities:
i.Category A Microsite: Comprising a minimum of 1000 facilities, including all types of health facilities
mentioned above.
ii.Category B Microsite: Comprising a minimum of 500 facilities but less than 1000, including all types of health
facilities mentioned above.
Click Here for Full Guidelines
i.On April 21, 2023, the National COVID-19 Vaccination Programme of the Union Ministry of Health and Family
Welfare (MoH&FW) received the Prime Minister’s (PM) Award for Excellence in Public Administration 2022
under the Innovation (Centre) category.
ii.The Cabinet Committee on Economic Affairs (CCEA) approved the establishment of 157 new nursing colleges
in co-location with existing medical colleges established since 2014. The outlay for the same will be Rs 1,570
crore.
About National Health Authority (NHA):
Chief Executive Officer– S. Gopalakrishnan
Headquarter– New Delhi, Delhi
Union Finance Minister Nirmala Sitharaman launches AMC Repo Clearing Limited and CDMDF
On July 28, 2023, Union Minister Nirmala Sitharaman, Ministry of Finance, initiated the trading on Limited
Purpose Clearing Corporation (LPCC) mechanism called AMC Repo Clearing Limited (ARCL), during an event
organized by Securities and Exchange Board of India (SEBI) in Mumbai, Maharashtra
• She also inaugurated Corporate Debt Market Development Fund (CDMDF).
• Both the initiatives intend to deepen the functioning of the corporate debt markets.
About ARCL:
The Union Minister launched the triparty repo in corporate debt securities offered through ARCL, a LPCC aimed
at developing the underlying Corporate Bond market in India.
ARCL, setup by MFs)managing debt Assets under management (AUM) acts as a Central Counter Party (CCP)
that facilitates clearing and settlement services of corporate bond repo transactions.
• During its launch, ARCL successfully conducted its first transaction, with a total traded value of Rs
480 crore.

Aim of ARCL:
To develop an active repo market, which will enhance liquidity in the underlying corporate bond market
Key Points:
i.ARCL as a market infrastructure institution envisages creating a market for short-term borrowing against
corporate debt securities.
ii.It has set up a Core Settlement Guarantee Fund, funded by contributions from corporate bond issuers.
• This fund provides settlement guarantees, eliminating the need for bilateral counterparty exposure
limits.
iii.ARCL came into existence in April 2021 and operates under the regulations of the Stock Exchanges and
Clearing Corporations (SECC) Regulations, 2018.
About CDMDF:
The CDMDF is Rs 33,000-crore backstop facility for Mutual Funds (MFs), first mooted in the Union Budget of
2021-22. It was approved by SEBI in March 2023.
Of the Rs 33,000 crore, Rs 30,000 crore will come from the government, while the balance Rs 3,000 crore will
be contributed by the Asset Management Companies (AMCs).
• SBI (State Bank of India) MF will be managing the fund.
• CDMDF will enhance secondary market liquidity in the Corporate Bond market during stressed and
normal times, thereby instilling confidence amongst participants in corporate bond market.
• Click Here to Read about CDMDF
Participants:
Secretary, Department of Economic Affairs (DEA) Shri Ajay Seth; Chairperson, Securities and Exchange Board of
India (SEBI) Madhabi Puri Buch, among others.
i.On 26th April 2023, Union Minister Nirmala Sitharaman, Ministry of Finance, approved the upgradation of
Rail Vikas Nigam Limited (RVNL) to a Navratna Central Public Sector Enterprise (CPSE) from a Category-I
MiniRatna CPSE.
ii.8th April 2023, the Ministry of Finance marked the 8th anniversary of the launch of the Pradhan Mantri
MUDRA (Micro Units Development and Refinance Agency) Yojana (PMMY).
About Ministry of Finance:
Union Minister – Nirmala Sitharaman (RajyaSabha- Karnataka)
Ministers of State (MoS) – Pankaj Chaudhary; Dr. Bhagwat Kishanrao Karad
Departments – Department of Expenditure; Department of Economic Affairs (DEA);
Department of Revenue; Department of Financial Services; Department of Investment and Public Asset
Management (DIPAM) & Department of Public Enterprises
AIM and Bayer launches Nationwide ATL Industry Visit for students
The Atal Innovation Mission (AIM) in collaboration with Bayer launched an industry visit initiative under Atal
Tinkering labs (ATL), at Bayer’s manufacturing facility in Vapi, Gujarat.
• The collaboration aims to introduce students to the latest manufacturing techniques and
technologies used in industry.
• Bayer has opened its manufacturing and production plants and research centers at Vapi(Gujarat),
Shamirpet(Hyderabad ), Chandippa(Telangana) and Bangalore for ATL students to experience how
technology, automation and innovation are leveraged by the industry.
• Bayer is a Life Science company operating in the areas of agriculture and healthcare. Bayer has
partnered with Niti Aayog since 2021 to support various initiatives of the AIM.
• Bayer has partnered with and extended support to 125 schools, located in seven states, through the
adoption of the Atal Tinkering Lab (ATL) initiative.
Note: Atal stands for AICTE Training And Learning Academy

MHA launched Scheme for Expansion and Modernization of Fire Services in the States with
outlay of Rs 5000 crore
Ministry of Home Affairs(MHA) launched a “Scheme for Expansion and Modernization of Fire Services in
the States” as a part of the allocation of Preparedness and Capacity Building Funding Window under the
National Disaster Response Fund (NDRF) to strengthen the fire services across the States of India.
• The total outlay of the scheme is Rs 5000 crore and out of this, Rs. 500 crore is kept for to
incentivize the States on the basis of their legal and infrastructure-based reforms.
Launch of the Scheme:
The scheme was announced on 13th June 2023, by the Union Minister Amit Shah, MHA and Ministry of
Cooperation while chairing the meeting with Ministers of Disaster Management of the States/Union
Territories(UTs) in New Delhi, Delhi.
Note:
• This scheme is a part of the initiatives taken to make India disaster resilient.
• The government of India has undertaken several key initiatives to ensure “zero deaths” and
minimum loss of property during disasters by strengthening disaster risk reduction systems.
About Scheme for Expansion and Modernization of Fire Services in the States:
Objective: To expand and modernize Fire Services in the States with a view that activities for strengthening of
fire services at the State-level through preparedness and capacity-building components of the NDRF will be
ensured.
Funding:
i.For the projects and proposals under the scheme, the state government will contribute 25% of the total cost
from their budgetary resources.
ii.The North-Eastern and Himalayan (NEH) States shall contribute only 10% of the total cost of such projects.
Background:
i.The 15th Finance Commision (XV-FC) for 2021-26, chaired by Nand Kishore Singh (NK Singh) recommended
the allocation of 12.5% of each of the NDRF and State Disaster Response Fund (SDRF).
• 10% of the total corpus of the National Disaster Risk Management Fund (NDRMF) and the State
Disaster Risk Management Fund (SDRMF) is allocated for the funding window of preparedness and
capacity building.
ii.Out of the total NDRF corpus, Rs 5000 crore was allocated for priority “Expanding and Modernization of Fire
Services”.
About Ministry of Home Affairs (MHA):
Union Minister– Amit Shah(Constituency- Gandhi Nagar, Gujarat)
Ministers of State– Nityanand Rai; Nisith Pramanik; Ajay Kumar Mishra
Union Minister Sarbananda Sonowal launches campaign to transform iconic 75 Lighthouses

into Tourism Destinations
On 1st July 2023, Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways, launched a campaign to
transform 75 historic Lighthouses across India into Tourism Spots from Dwaraka, Gujarat.
• He inaugurated the 1st three renovated lighthouses in Dwarka, Gopnath and Veraval in Gujarat.
• This inauguration marks the beginning of the campaign.
Note: the campaign is in line with Prime Minister Narendra Modi’s vision to transform India’s distinctive
lighthouses into captivating tourism sites.
Significance of the campaign:
i.The aim of the campaign is to showcase the rich culture, significance, and magnificent structures of India.
ii.These historic sites have the potential to develop into tourist attractions and to boost the local economy.
Note:
Prime Minister Narendra Modi has spoken about the unique appeal of lighthouses and their potential as tourist

attractions during the 75th episode of Mann Ki Baat.
Additional info:
i.Union Minister Sarbananda Sonowal also participated in Confederation of Indian Industry (CII)’s Business
20(B20) Meet at Surat, Gujarat, and interacted with the leading members of the business community.
ii.He invited firms to invest in the inland waterways sector and highlighted the need for river cruises such as
‘Narmada Vilas’, ‘Godavari Vilas’, ‘Mahanadi Vilas’, ‘Cauvery Vilas’ based on the success of Ganga Vilas.
BSE launched new logo on its 149th Foundation Day

On 10th July 2023, S.S. Mundra, Chairman of BSE Limited (formerly known as the Bombay Stock Exchange),
launched BSE’s new logo during the event organised to mark the celebration of its 149th foundation day at BSE
International Convention Hall, Mumbai, Maharashtra.
• BSE, established in 1875 as as the Native Share & Stock Broker’s Association, was the first ever stock
exchange in Asia.
In 1956, BSE became Inida’s 1st stock exchange to receive permanent recognition under the Securities
Contracts (Regulation) Act 1956.
Manoj Ahuja Launched BHARAT Campaign for Mobilization of Funds Through Banks
On 12th July 2023, Manoj Ahuja, Secretary, Ministry of Agriculture & Farmers Welfare(MoA&FW), virtually
launched a new campaign for banks under Agriculture Infrastructure Fund (AIF) titled BHARAT (Banks
Heralding Accelerated Rural & Agriculture Transformation) to mobilize funds from banks
The 1 month long campaign, which will run from 15th July 2023 to 15th August 2023, was launched with a
target of Rs 7200 crore.
Key People:
The video conference was attended by banking executives of commercial Banks in the public and private sector,
Regional Rural Banks(RRBs), Small Finance Banks(SFB), Non-Banking Financial Companies (NBFC) and select
cooperative Banks.
Key Points:
i.The banks support to this scheme has created 31, 850 agriculture infrastructure projects with Rs 24750
crores as loan under AIF with an outlay of Rs 42,000 crores.
ii.Some of the top-performing Banks in the scheme include State Bank of India (SBI), Canara Bank, Punjab
National Bank (PNB), HDFC, Kotak Mahindra Bank, Madhya Pradesh Gramin Bank, Madhyanchal Gramin Bank
and Punjab Gramin Bank (PGB).
MoA&FW asks banks to promote Rs 1 Lakh Crore AIF
On 13th July 2023, the Ministry of Agriculture called upon the banks to promote Rs 1 lakh crore AIF for creation
of necessary infrastructure in the farm sector.
• Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest
subvention and credit guarantee assistance will be given till the year 2032-33.
About Agriculture Infrastructure Fund (AIF):
It is a financing facility launched on 8th July 2020, for creation of post-harvest management infrastructure and
community farm assets.
The scheme disburses Rs 1 lakh crore by financial year 2025-26 and the interest subvention and credit
guarantee assistance will be given till the year 2032-33.
PM Modi Inaugrates IECC complex “Bharat Mandapam” at Pragati Maidan; IECC to host G20
Meet
On 26th July 2023, Prime Minister (PM) Narendra Modi inaugurated a futuristic International Exhibition-cum-
Convention Centre (IECC), the revamped India Trade Promotion Organisation (ITPO) complex also known as

Pragati Maidan Complex, and also unveiled the G20(Group of 20) coin and stamp at Pragati Maidan in New
Delhi, Delhi.
• The IECC Complex has been named “Bharat Mandapam” and the naming ceremony of the Centre
was carried out using a drone.
• PM Modi performed Havan and Puja at the new ITPO International Exhibition-cum-Convention
Centre and felicitated shramiks involved in the construction of the Centre.
• The IECC Complex is set to host the G20 leaders’
meeting which is scheduled to be held in September
2023.
Note: ITPO is the nodal agency of the Government of India under
the Ministry of Commerce and Industry (MoCI) which owns and
manages the Pragati Maidan Complex.
Key Points:
i.The IECC complex was developed as a national project at a cost
of Rs 2,700 crore with a campus area of 123 acres being India’s
largest MICE (Meetings, Incentives, Conferences, and
Exhibitions) destination.
ii.The IECC complex is placed among the top 10 exhibition and convention complexes in the world by
competing with Hannover Exhibition Centre in Germany, the National Exhibition and the Convention Centre
(NECC) in Shanghai,China.
Facilities:
i.The complex comprises one mega convention centre divided into four levels, 24 meeting rooms, two
auditoriums and another two halls.
ii.The complex also has an amphitheatre with a seating capacity of 3,000 people and 5,500 parking spaces.
iii.The Level-3 of the IECC holds a seating capacity of 7,000 people is said to be larger than the Sydney Opera
House in Australia.
iv.The exhibition halls in the complex provide seven innovative spaces for showcasing products, innovations,
and ideas.
v.The IECC also includes 5G Wi-Fi campus, 10G Intranet, interpreter room to support 16 languages, advanced
AV systems, building management system, light management system, DCN (Data Communication Network)
system, surveillance system and centralized air conditioning system.
Design:
i.The elliptical design of the building was influenced by the shankha, or conch shell.
ii.The walls and facades of the Convention Centre depict India’s traditional art and culture including
• ‘Surya Shakti’ highlighting India’s efforts in harnessing solar energy,
• ‘Zero to ISRO’(Indian Space Research Organisation), celebrating our achievements in space
• Pancha Mahabhuta signifying the building blocks of universal foundation – Aakash (Sky), Vayu (Air),
Agni (Fire), Jal (Water), Prithvi (Earth).
Construction:
i.The redevelopment of Pragati Maidan began in 2017.
ii.The project is being executed by state-owned NBCC (India) Limited, formerly known as National Buildings
Construction Corporation and Shapoorji Pallonji, its subcontractor, on behalf of the India Trade Promotion
Organisation.
iii.It was designedby International architectural firm Aedas, and Indian architectural firm Arcop.

Sarbananda Sonowal Inaugurates ‘Sagar Sampark’ to Boost the Digitalisation in the Maritime
Sector
On 12th July 2023, Union Minister of Ports, Shipping and Waterways and Ayush, Sarbananda Sonowal
inaugurated the Differential Global Navigation Satellite System (DGNSS) “Sagar Sampark” in New Delhi, Delhi,
to boost the digitalisation in the maritime sector.
• The indigenously developed DGNSS is a terrestrial based enhancement system that corrects the
errors and inaccuracies in the Global Navigation Satellite System (GNSS) and provides more
accurate positioning information in Indian waters and beyond.
Key people:
The launch ceremony took place in the presence of Shripad Y. Naik(Minister of State), Ministry of Ports,
Shipping and Waterways (MoPSW), TK Ramachandran, Indian Administrative Service(IAS) Secretary, MoPSW
and officials from the ministry and the Directorate General of Lighthouses and Lightships(DGLL).
Use of DGNSS:
i.The launch of ‘Sagar Sampark’-DGNSS, at 6 locations under DGLL, will enhance the capability of the DGLL in
the field of radio aids to marine navigation.
ii.DGNSS helps mariners in safe navigation and reduces the risk of collisions, groundings, and accidents in the
port and harbour areas and this will lead to the safe and efficient movement of vessels.
iii.It fulfils international obligations of International Maritime Organisation (IMO), Safety of Life at Sea (SOLAS)
and International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA).
iv.The DGNSS system will transmit corrections of Global Positioning System (GPS) and Global Navigation
Satellite System (GLONASS) and reduces errors caused by atmospheric inferences, satellite clock drift.
v.The error correction accuracy has been improved from 5 to 10 meters to less than 5 meters for 100 Nautical
Miles (NM) from Indian coastline.
First of its kind Exhibition on ‘Banking on World Heritage’ depicting UNESCO Heritage
sites inaugurated at IGNCA, Delhi
On 30th June 2023, Meenakashi Lekhi, Minister of State for External Affairs and Culture inaugurated
an exhibition ‘Banking on World Heritage’ first of its kind in the world at Darshanam gallery of Indira Gandhi
National Centre for the Arts (IGNCA), New Delhi, Delhi. This exhibition showcases Banknotes of G-20 Member
Nations, depicting United Nations Educational, Scientific and Cultural Organization (UNESCO) listed World
cultural Heritage Sites.
• The exhibition organised under the chairmanship of India as part of the ongoing G-20 Summit
celebrations and will run till July 9 2023 and has been organised in the spirit of
Vasudaiva Kutumbakam.
• The exhibition has been curated by Ms. Rukmini Dahanukar, an independent scholar and founder of
‘Money Talks’.
Note: “Money Talks” is a collection of papers; an on-going research that argues, Money is not merely a medium
of exchange but a medium of communication.
Product Design Centre inaugurated in Kolkata and Grain-Ex facility launched

under MeitY supported projects
Bhuvnesh Kumar, Additional Secretary, Ministry of Electronics and Information Technology (MeitY)
inaugurated the Product Design Centre (PDC), set up at Centre for Development of Advanced Computing (C-
DAC), Kolkata, West Bengal.
On the occasion, ‘Grain-Ex‘, an appearance based detection system, through machine vision technology for
pulses developed under ‘National Programme on Electronics and Information and Communication Technology
(ICT) applications in Agriculture and Environment (AgriEnIcs)’ as well as Indian Council of Agricultural Research
(ICAR)- The Indian Agricultural Research Institute (IARI), New Delhi, Delhi was also launched.

Key People:
The Key People at the inauguration and launch were: Sunita Verma, Group Coordinator, MeitY; Aditya Kumar
Sinha, Director, C-DAC, Kolkata, West Bengal; Dr Om Krishan Singh, Scientist ‘D’, MeitY.
Product Design Centre (PDC):
i. The centre is equipped with all the software and printing technologies for system designing, prototyping,
ideation and fabrication.
ii. It also has prototyping and system designing facilities.
iii. Start-ups, entrepreneurs and the Ministry of Micro, Small & Medium Enterprises (MSMEs) of the eastern
region of India would be benefitted by this facility.
‘Grain-Ex’:
i. It is an appearance-based electronic (e)-Quality detection system for 14 types of pulses.
ii. It would bring about a transformative change in the e-National Agriculture Market (e-NAM) for quality-based
pricing.
• Over 1,200 e-NAM-connected markets will be benefitted.
Ashwini Vaishnaw inaugurated 7th Edition of IMC 2023 in Delhi

On 12th July 2023, the Minister of Communications(MoC) Ashwini Vaishnaw inaugurated the Curtain Raiser
of 7th edition of India Mobile Congress (IMC 2023) at Pragati Maidan, New Delhi,Delhi.
• The Department of Telecommunications (DoT) under Ministry of Communications and the Cellular
Operators Association of India (COAI) will jointly host the seventh edition of Asia’s premier digital
technology exhibition with the theme ‘Global Digital Innovation’ which is scheduled to take place
from 27th to 29th October at Pragati Maidan, New Delhi,Delhi.
Key Points:
i. Following the successful launch of 5G (5th Generation) Internet in IMC 2022, the emphasis for this year’s
event will be on the development of indigenous technology, fostering the growth of the telecom and
semiconductor manufacturing ecosystem, and taking a leading role in 6G(6th Generation) technology.
ii. The Concept of ‘Partner Countries’and ‘Virtual exhibition’ will be introduced in the event.
iii. IMC 2023 plans to introduce Aspire, a startup event aimed at fostering entrepreneurship growth among
young innovators and industry delegates. It will include sections like an Investor zone, pitching zone, workshop
zone, and networking zone.
iv. IMC-2023 to showcase 5G use cases that are transforming key sectors such as agriculture, education,
logistics, and animal husbandry.
Note: Since its establishment in 2017, the India Mobile Congress (IMC) has been pivotal in positioning India as
a global leader in digital innovation.
About Ministry of Communications:
Union Minister– Ashwini Vaishnaw( Rajya Sabha Representing Odisha)
Minister of State(MoS)– Devusinh Chauhan
Note : Ashwini Vaishnaw is also the central minister for Ministry of Railways & Ministry of Electronics and
Information Technology.
India’s 1st PPP model ATL inaugurated in Kerala in collaboration with OPPO India
On 10th July 2023, Minister of State(MoS) for Skill Development and Entrepreneurship, Rajeev Chandrashekar
inaugurated country’s first Public-Private Partnership(P3) model Atal Tinkering Lab(ATL)
under NITI(National Institution for Transforming India) Aayog’s Atal Innovation Mission(AIM) in partnership
with a leading smartphone manufacturing firm, Oppo India in Thrissur, Kerala.
• Learning Links Foundation, New Delhi based ‘not for profit’ organisation will act as the
implementation partner. The ATL has been set up to empower school children in classes 6th to 12th
to develop innovative solutions.

• ‘Hub n Spoke’ strategy (a distribution network that resembles a bicycle wheel) to be followed to
create an innovative learning environment. The ATL in the nodal school will act as a ‘Hub’ for
students from neighbouring government schools to conduct experiments.
• This marks a significant milestone in India’s School Innovation journey with the aim to create an
empowered future-ready workforce and nurture entrepreneurship and technological skills among
the youth.
About Atal Innovation Mission(AIM):
i. The Atal Innovation Mission is a flagship initiative of the Government of India, implemented by NITI Aayog
ii. AIM was launched in 2016 with the aim of fostering innovation and entrepreneurship among Indian youth.
iii. Till 2022, 10,000 ATLs were established across 35 States and UTs in India via government grants.
About Public Private Partnership(PPP)
• Public-private partnerships (PPPs) entail the cooperative efforts between a government agency and
a private-sector entity to jointly fund, construct, and manage various projects.
• Financing a project through a public-private partnership can allow a project to be completed sooner
or make it a possibility in the first place.
About Ministry of Skill Development and Entrepreneurship
Union Minister – Shri Dharmendra Pradhan (Rajya Sabha -Madhya Pradesh)
Minister of State – Shri Rajeev Chandrasekhar
President Droupadi Murmu Completes One Year in Office; Lays Foundation Stones/inaugurates
Various Projects at Rashtrapati Bhavan
On 25th July 2023, the President of India Droupadi Murmu completed one year in the office as
the 15th President of India. On the occasion, she laid the foundation stone and inaugurated various projects at
the Rashtrapati Bhavan in New Delhi, Delhi.
Background:
i.On 25th July 2022, Droupadi Murmu, the candidate of Bharatiya
Janata Party(BJP)-led National Democratic Alliance (NDA), was
sworn in as the 15th President of India.
ii.The Oath of office was administered by then Chief Justice of
India(CJI) Nuthalapati Venkata Ramana(NV Ramana).
• She became the first person from a tribal community
and the 2nd woman after Pratibha Patil to hold the
office of President, the highest constitutional post of
India.
• Elected at the age of 64, she became the youngest person to hold the post. She was also India’s first
President born in Independent India.
About Droupadi Murmu:
• Born in a Santali tribal family in Mayurbhanj, Odisha on June 20, 1958.
• In 2015, Murmu became the first woman governor of Jharkhand.
Key Info:
President Murmu engaged in several activities to commemorate the completion of her first year in the
presidency. These activities include:
Redeveloped Website:
Marking the completion of one year of her presidency, President Murmu launched the redeveloped website of
the President of India and Rashtrapati Bhavan, along with an e-book compilation of glimpses from the past
year of her Presidency.
• She also received the first copy of the book on Ayush Wellness Centre, President’s Estate,
titled ‘Preserving Health, Embracing Traditions.’

Laid Foundation Stone:
i.Laid the foundation stone for the redevelopment of the Shiva Temple in the President’s Estate, New Delhi,
Delhi.
ii.Laid the foundation stone for the construction of a Cricket Pavilion at the Sports Ground of Dr. Rajendra
Prasad Kendriya Vidyalaya, President’s Estate, New Delhi, Delhi.
Inauguration activities:
i.Inaugurated ‘Navachara’ an Artificial Intelligence(AI) enabled gallery developed by Rashtrapati Bhavan in
collaboration with Intel India.
• This gallery showcases innovative AI solutions created by students and AI coaches, providing
insights into Rashtrapati Bhavan’s grandeur and promoting AI skills democratization.
ii.Inaugurated ‘Sutra-kala Darpan’, a Textile Collection of Rashtrapati Bhavan, featuring antique textiles that
document the building’s illustrious legacy.
iii.Inaugurated ‘Janjatiya Darpan’ a gallery showcasing the art, culture, and contributions of various tribal
communities in building the nation. The gallery displays various themes and artifacts in collaboration
with Indira Gandhi National Center for the Arts (IGNCA) (under the Ministry of Culture), New Delhi, Delhi.
Additional Info:
Activities in past:
Rashtrapati Bhavan undertook citizen-centric initiatives during the first year of her Presidency, such as
i.Opened Rashtrapati Niwas in Mashobra, Himachal Pradesh and Rashtrapati Nilayam in Hyderabad, Telangana
throughout the year for public visit.
ii.Increased the duration of opening Amrit Udyan (the historic Mughal Gardens of the Rashtrapati Bhavan in
New Delhi, Delhi)
President Droupadi Murmu lays foundation of ‘Divine Light House’ of PBKIVV in Odisha
On 27th July 2023, President Droupadi Murmu laid the foundation stone for the “Divine Light House” of
Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya (PBKIVV) at Dasabatia, Tamando, Bhubaneswar
(Odisha) during her 3 day visit to Odisha from July 25 to 27 2023.
• The President also launched the 2023 theme of PBKIVV, “The Year of Positive Change” for
conducting nationwide seminar and conferences
• She highlighted the significance of both material and spiritual development for humanity, with
technology being a crucial driver of change.
• She also acknowledged the role of PBKIVV, a social and spiritual campaign in promoting spirituality
through meditation and a disciplined lifestyle, leading to mental peace.
Note: Brahma Kumaris, officially known as ‘Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya’ is a
worldwide spiritual movement founded by Pitashri Prajapita Brahma (well known as Dada Lekhraj) in 1936 in
Hyderabad, Sindh (Present Pakistan) and formally established in October 1937
OTHER NEWS
Major changes regarding Tax Collected at Source (TCS) & Liberalised Remittance Scheme (LRS)
On 28th June 2023, the Ministry of Finance announced that there will be no changes in the rate of Tax Collection
at Source (TCS) for all purposes under Liberalised Remittance Scheme (LRS) and for overseas travel tour
packages, regardless of the mode of payment, for amounts up to Rs 7 lakh per individual per annum.
• It was also announced that more time will be provided for the implementation of the revised TCS rates
and also for the inclusion of credit card payments in LRS.
Background:
i.During the Union Budget 2023-24, major changes were announced to the system of TCS on payments under
the LRS and overseas tour program packages.
• These changes come into effect from 1st July 2023.

ii.In March 2023, it was also announced that credit card payments would be brought under the LRS
iii.Following these announcements, several comments and suggestions were received.
iv.In response to the suggestion, the Ministry of Finance has decided to make suitable changes.
Details of the changes:
No change in TCS rates for all purposes under LRS & for overseas travel tour packages:
i.The Sub-section (1G) of section 206C of the Income-tax Act, 1961 provides TCS on foreign remittance through
the LRS and on the sale of overseas tour program packages.
ii.Through Finance Act 2023, sub-section (1G) of section 206C of the Act was amended.
• This increased the rate of TCS from 5% to 20% for remittance under LRS and for the purchase of
overseas tour program packages. This also removed the threshold of Rs 7 lakh for triggering TCS on LRS.
iii.These amendments take effect from 1st July 2023.
Note: These are not applicable when the remittance is for education or medical purpose.
Overseas spending using credit cards not to attract TCS:
The government has postponed the implementation of its 16th May 2023 e-gazette notification which brought
credit card expenses under LRS. This implies that the transactions through International Credit Cards, while
overseas would not be counted as LRS and hence, would not be subject to TCS.
• The Press Release dated 19th May 2023 which stated that TCS of 20% will be levied on individual
payments above Rs 7 lakhs through international debit and credit cards from July 1, 2023 stands
suspended.
Changes in TCS Rates:
i.A threshold of Rs. 7 Lakh per financial year per individual in clause (i) of sub-section (1G) of section 206C
shall be restored for TCS on all categories of LRS payments, through all modes of payment, regardless of the
purpose:
• Therefore, for first Rs 7 Lakh remittance under LRS there shall be no TCS.
• Beyond the Rs 7 Lakh threshold, TCS shall be 0.5% for remittance for education financed by education
loan; 5% for remittance for education or medical treatment and 20% for others.
ii.For the purchase of overseas tour program packages under Clause (ii) of Sub-section (1G), the TCS shall
continue to apply at the rate of 5% for the first Rs 7 lakhs per individual per annum.
• 20% rate will only apply for expenditures above Rs 7 lakh per individual per annum.
Increased TCS rates to apply from 1st October 2023:
The changes in the TCS rates which were set to be implemented with effect from 1st July 2023 will now come
into effect from 1st October 2023 with the above-mentioned modifications.
Overview of Changes in TCS Rates:
Rates before New

Nature of Payment Finance Act rates wef 1st
2023 October 2023
Nil upto Rs 7 Nil upto Rs 7

lakh lakh
LRS for education financed by
a loan
0.5% above Rs 0.5% above Rs
7 Lakh 7 Lakh

LRS for Medical treatment/ lakh lakh
education (other than
financed by loan) 5% above Rs 7 5% above Rs 7
Lakh Lakh

lakh lakh
LRS for other purposes
5% above Rs 7 20% above Rs
Lakh 7 Lakh
5% till Rs 7
Purchase of Overseas tour 5% (without
Lakh, 20%
program package threshold)
thereafter
Note:
• The TCS rates in the 2nd column shall continue to apply till 30th September 2023.
• No TCS will be applied on expenditures under LRS under clause (i) of Sub-section (1G) for the first Rs 7
lakh, irrespective of the purpose.
Additional info:
The necessary changes to the Rules (Foreign Exchange Management (Current Account Transactions Rules),
2000) will be issued separately.
The legislative amendment for this is yet to be proposed.
What is Tax Collection at Source (TCS)?
TCS is a tax/payable collected by a seller of specified goods from the buyer at the time of sale over.
Such persons must have the Tax Collection Account Number to be able to collect TCS.
• The goods are as specified under section 206C of the Income Tax Act, 1961.
What is Liberalised Remittance Scheme (LRS)?
LSR is a foreign exchange policy initiative introduced by the Reserve Bank of India(RBI) in 2004 with a limit of
USD 25,000.
• At present, Under the LRS, a resident individual can remit up to USD 250,000 per financial year for
permissible transactions.
Union Minister– Nirmala Sitharaman(Rajya Sabha- Karnataka)
Minister of State– Dr Bhagwat Kishanrao Karad; Pankaj Chaudhary
MNRE Unveils Guidelines for Incentive Schemes for Electrolyser & Green Hydrogen Production
in India
On 30th June 2023, the Ministry of New & Renewable Energy (MNRE) announced comprehensive guidelines for
the implementation of the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme:
Component I – “Incentive scheme for Electrolyser Manufacturing” and Component II – “Incentive Scheme
for Green Hydrogen Production”.
• SIGHT programme is a major financial measure under the National Green Hydrogen Mission, with an
outlay of Rs 17,490 Crore.
• SIGHT programme aims to make India a global leader in the production and export of green hydrogen.
i. Component 1 has been allocated a significant amount of Rs 4,440 crore for the manufacturing of
electrolysers from FY26 to FY30.
ii. Component 2, on the other hand, has received an allocation of Rs 13,050 crore for green hydrogen
production during the same period.
Key Points:
i.These guidelines have been introduced to expedite the adoption of green hydrogen technology in India,
leading to a sustainable and clean energy future.

ii.The MNRE will implement the Strategic Interventions for Green Hydrogen Transition (SIGHT) Program
through the Solar Energy Corporation of India (SECI) as implementing agency between the financial year
(FY) 2025-26 and FY 2029-30.
Component 1: Incentive Scheme for Electrolyser Manufacturing
Component 1 provides government support for electrolyser manufacturing, with incentives offered per
kilowatt (kW) of manufacturing capacity. These incentives will be provided for a duration of five years,
commencing from the establishment of the manufacturing facility.
• Additionally, bidders are required to demonstrate a minimum level of local value addition (LVA)
annually, promoting local manufacturing and indigenization.
• The target capacity for the first phase of Component 1 is set at 1,500 megawatts (MW), laying a solid
foundation for electrolyser manufacturing in the country.
Click here to know more about Component I
Component 2: Incentive Scheme for Green Hydrogen Production
Component 2 focuses on the production of green hydrogen and provides two modes of participation.
• In Mode 1, interested parties can bid based on the minimum incentive demanded over a three-year
period, utilising a competitive bidding mechanism.
• Mode 2 involves SECI aggregating demand and initiating a competitive bidding system for procuring
green hydrogen and its derivatives at the most economical cost.
Incentives for green hydrogen production will be provided for three years from the commencement of
production, with a tiered structure.
Click here to know more about Component II
Additional info:
The MNRE has set an ambitious target of 4.5 lakh tonnes per annum (LTPA) for green hydrogen production
capacity. This capacity is divided into two pathways: a technology-agnostic pathway targeting 4.10 LTPA and a
biomass-based pathway with a capacity of 40,000 tonnes per annum.
Expected Outcome:
The guidelines for the National Green Hydrogen Mission represent a significant step toward achieving India’s
renewable energy goals and transitioning to a greener and more sustainable future. These initiatives not only
strengthen the manufacturing sector but also drive the widespread adoption of green hydrogen as a clean and
efficient energy source.
About Ministry of New & Renewable Energy:
Union Minister – Raj Kumar Singh (Constituency : Arrah in Bihar)
Ministers of State – Bhagwanth Khuba
Central Govt approves 8.15% interest rate on Employees’ Provident Fund for FY23
On 24th July 2023, The Ministry of Finance, Government of India(GoI) has approved Employees’ Provident
Fund Organisation (EPFO)’s Central Board of Trustees’ recommendation to set the annual interest
rate of 8.15% on Employees’ Provident Fund (EPF) accounts for the financial year 2022-2023(FY23).
• This move will cover over 6 crore subscribers of EPFO.
• The current rate is 0.05% higher than the FY22 when it was 8.10%.
Ministry of Labour and Employment (MoL&E) has conveyed this approval of the Central Government under
para 60(1) of EPF Scheme, 1952 by crediting the interest to the account of each member of the EPF Scheme as
per the provisions under Para 60 of EPF Scheme, 1952.
Key Points:
i. Employees Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour and
Employment, Government of India. It manages the Employees’ Provident Fund (EPF), a social security scheme
for salaried employees in India.

ii. Each month, an employee contributes 12 per cent of their earnings to their EPF account, with the entire
contribution directed towards the EPF account. On the employer's part, only 3.67 per cent is deposited into the
EPF account, while the remaining 8.33 per cent is allocated to the Employees Pension Scheme (EPS).
iii. According to EPFO’s latest provisional payroll data released on July 20, 2023, the top 5 states in terms of net
member addition are Maharashtra, Tamil Nadu, Karnataka, Haryana, and Gujarat.
India’s 1st Fisheries AIC to be Set up at KUFOS, Kerala with a Grant of Rs 10cr
India’s first Atal Incubation Centre (AIC) in fisheries will be set up at Kerala University of Fisheries and Ocean
Studies (KUFOS) in Kochi, Kerala to promote innovation, entrepreneurship, and technological advancement in
fisheries and related sectors.
• KUFOS got a grant of Rs 10 crore from National Institution for Transforming India (NITI) Aayog to
set up fisheries’ AIC at the University.
About AIC in Fisheries:
i.KUFOS will lead this project as its principal investigator under the guidance of Radhika Rajasree SR,
Professor and head of the Department of Fish Processing Technology, KUFOS.
ii.This AIC will serve as a hub for innovation by developing technologies and solutions for the challenges faced
by marine ecosystems and fishing communities.
iii.It will also support new businesses in this sector to improve the fisheries industry and boost the economy.
iv.By encouraging partnerships between universities, industries, and the government, AIC will aid in
knowledge transfer and commercialization of research outcomes.
v.It will also create job opportunities and provide a supportive environment for start-ups and entrepreneurs to
succeed.
Key Points:
i.KUFOS is known for its excellence in education, research, and outreach related to fisheries and ocean studies.
ii.The AIC initiative is a part of NITI Aayog’s Atal Innovation Mission (AIM) set up in 2016, which aims to
promote a culture of innovation and entrepreneurship across different sectors in India.
Government raises interest rates on select small saving schemes by up to 0.3% for Q2 of FY24
The Department of Economic Affairs (DEA), Ministry of Finance (MoF) has announced an interest rate hike on
selected small savings schemes by up to 0.3% for the 2nd quarter of the financial year 2023-24 (Q2 FY24) (i.e
July 1, 2023-September 30, 2023).
• The rates are in line with the high-interest rates in the banking system.
Changed Interest Rates:
i.The interest rate for the five-year recurring deposit (RD) has been raised by 30 basis points (bps), resulting in
a highest increase of 0.3%. Earlier it was 6.2%, now it is 6.5%.
ii.Interest rate has increased by 10bps for
• Th One-year term deposits with post offices will now earn 0.1% reaching 6.9% (earlier 6.8%)
and,
• The two years tenor is 7% (earlier 6.9%).
Note: A basis point is equal to a 100th of a percentage point.
Unchanged Interest Rates:
i.Interest rates on term deposits for three and five years have been retained at 7% and 7.5%.
ii.The interest rates for popular Public Provident Fund(PPF) and savings deposits are kept at 7.1% and 4%,
iii.The interest rate on the National Savings Certificate (NSC) remained unchanged at 7.7% for July 1 to
September 30, 2023.
iv.The girl child savings scheme Sukanya Samriddhi rate remained unchanged at 8%.
v.The interest rate on the senior citizen savings scheme and Kisan Vikas Patra (KVP) is 8.2% and 7.5%.
vi.There is no interest rate hike for the Monthly Income Scheme, and it gives investors a 7.4 percent gain.

Rate of interest from 01.04.2023 to Rate of interestfrom 01.07.2023 to
No. Classifications 30.06.2023 30.09.2023
1 Savings Deposit 4 4
1-Year Post Office Time
2 Deposits 6.8 6.9
3 Deposits 6.9 7
4 Deposits 7 7
5 Deposits 7.5 7.5
6 5-Year Recurring Deposits 6.2 6.5
National Saving Certificates
7 (NSC) 7.7 7.7
8 Kisan Vikas Patra 7.5 (will mature in 115 months) 7.5 (will mature in 115 months)
9 Public Provident Fund 7.1 7.1
10 Sukanya Samriddhi Account 8 8
Senior Citizens Savings
11 Scheme 8.2 8.2
12 Monthly Income Account 7.4 7.4
click here for official notification
Rate hike by RBI:
i.The Reserve Bank of India (RBI) has raised the benchmark lending rate by 2.5% since May 2023 to 6.5%,
prompting banks to raise interest rates on deposits.
ii.The RBI has maintained the status quo on policy rate in the last two Monetary Policy Committee (MPC)
meetings.
About Small Savings Schemes:
i.Small Savings Schemes are savings instruments managed by the government to encourage citizens to save
regularly.
ii.The small savings schemes have three categories- savings deposits, social security schemes, and monthly
income plan.
Setting up of interest rates:
i.Interest rates for small savings schemes are notified on a quarterly basis by the government.
ii.The formula to arrive at the interest rates for small savings scheme was given by the Shyamala Gopinath
Committee in January 2023.
iii.The committee suggested that interest rates of different schemes should be 25-100 bps higher than the
yields of the government bonds of similar maturity.
iv.The interest rates on small savings instruments had remained unchanged for nine consecutive quarters —
from the second quarter of 2020-21 to the second quarter of 2022-23.
Union Minister- Nirmala Sitharaman (Rajya Sabha-Karnataka)
Minister of State- Pankaj Chaudhary; Bhagwat Kishanrao Karad.
India and US jointly conduct ‘Operation Broader Sword’ to combat illegal drugs
The United States of America (USA) and India conducted “Operation Broader Sword”, a bilateral multi-agency
enforcement initiative, to identify illicit and illegal medical products shipped using the International Mail
System.

• The operation held from 12th to 23rd June 2023 targeted shipments coming to the USA from India
through International Mail Facilities (IMFs) in John F Kennedy International Airport in New York,
USA and O’Hare International Airport, Chicago, USA.
Executive Agencies of this operation:
This joint operation was carried out by the U.S. Food and Drug Administration (FDA), U.S. Customs and Border
Protection (CBP), Homeland Security Investigations (HSI), Drug Enforcement Administration (DEA), and U.S.
Postal Inspection Service (USPIS), in collaboration with the Government of India’s Directorate of Revenue
Intelligence (DRI).
Outcome of this Combat operation:
i.Over 500 shipments of unlawful and potentially deadly unapproved prescription medications, combination
medical devices, and synthetic drug precursors were prevented from reaching American customers as a result
of this combat operation.
ii.Investigators examined over 1500 shipments originating in India throughout the operation, taking action on
around 500 goods, including illegitimate and unlawful pharmaceuticals intended to cure and/or reduce serious
ailments.
Note:
Operation Broader Sword was built upon the success of Operation Broadsword which was held in 2020 at
Chicago IMF targeting mail parcels containing illicit medical products from India
CDoT to be the Nodal Agency for Handling IPRs & Patents

The Government of India(GoI) has decided to make the Centre for Development of Telematics (C-DoT),premier
R&D centre of the Department of Telecommunications, Ministry of Communications, as the nodal facilitation
agency to handle telecommunication intellectual property rights (IPRs) and patents.
• CDoT will only act as a facilitator for SEP negotiations and shall not have any financial liability or
obligations towards any parties.
Key points:
i.C-DoT will offer support and guidance to startups, Micro, Small & Medium Enterprises(MSME), and research
entities in converting their innovations into IPRs and transforming research into commercially viable products.
ii.It will manage IPRs/standard essential patent (SEP) on behalf of the Indian Research and development
(R&D) ecosystem and engage with both domestic and global IPR licensors.
iii.It represents Indian technology entities in IPRs/SEPs related engagements and be responsible for
developing, hosting, and maintaining the repository of Indian telecom IPRs/SEPs.
iv.These initiatives align with the National Digital Communications Policy (NDCP) goals, which aims to
establish internationally recognized IPRs in India, promote SEPs in digital communication technologies, and
encourage Indian IPRs through international collaborations.
About Centre for Development of Telematics (C-DOT) :
Chief executive officer(CEO)- Dr. Rajkumar Upadhyay
Established- 1984
Power Ministry notified Carbon Credit Trading Scheme 2023 to develop India’s 1st domestic
carbon market
On 30th June 2023, the Ministry of Power notified the “Carbon Credit Trading Scheme, 2023”, to develop India’s
first domestic regulated carbon credit trading market.
• The scheme was 1st announced under the Energy Conservation (Amendment) Bill, 2022.
• The scheme was drafted by the Bureau of Energy Efficiency(BEE), a statutory body under the
Ministry of Power.
The emphasis on reducing carbon emissions is in line with India’s target to achieve net zero by 2070.

About Carbon Credit Trading Scheme, 2023:
i.The Carbon Credit Trading Scheme, 2023, entails the formation of a National Steering Committee(NSC), a
technical committee, an Accredited Carbon Verification Agency and the Central Electricity Regulatory
Commission (CERC) as the carbon market regulator.
ii.The Grid Controller of India Limited (GRID-INDIA) will be the registry for the Indian carbon market.
iii.BEE will also constitute technical committees for diverse areas as needed under the compliance of
mechanisms for this scheme.
National Steering Committee(NSC):
The National Steering Committee(NSC), constituted of 20-22 members, will be headed by the
• secretary for Ministry of Power as the ex-officio chairperson while the
• secretary for the Ministry of Environment, Forest and Climate Change (MoEF&CC) will be co-
chairperson.
The Members of the committee will also include representatives from the Ministries of Finance, Ministry of
New and Renewable Energy(MNRE), Ministry of Steel, Ministry of Coal and Minister of Petroleum and Natural
Gas(MoPNG), and NITI Aayog (National Institution for Transforming India) among others.
Note : Current Secretary of Power is Shri Pankaj Agarwal and Secretary of MoEF&CC is Ms. Leena Nandan
Functions of NSC:
i.The NSC will govern and oversee the domestic carbon market.
Under the guidance of NSC, BEE will finalise the procedures for institutionalizing the Indian carbon market and
formulate the rules and regulations.
• BEE will also identify the sectors, set targets for reduction in emissions, issue carbon credit
certificates and accredit the carbon verification agencies.
Central Electricity Regulatory Commission (CERC):
i.CERC has been mandated as the regulator for trading activities.
ii.CERC will register the power exchanges and approve the carbon credit certificate trading in the Indian
carbon market.
iii.The power exchange will get approval from CERC for their bylaws and rules for the trading of certificates in
power exchange.
What is Carbon credit?
A carbon credit is the value assigned to the reduction, removal or avoidance of GHG emissions achieved and is
equivalent to one tonne of carbon dioxide equivalent (tCO2e)
Key Points:
i.The notification did not mention any activities that are eligible under the carbon trading scheme.
• Carbon credit market in India could reach USD 200 billion by 2030 from the current USD 2 billion.
ii.The Ministry of Power will recommend the notification of greenhouse gas(GHG) emission intensity targets to
MoEF&CC.
The obligated entities are required to achieve the GHG emission intensity in accordance with the targets and
they also have to meet the other targets like use of non-fossil energy consumption or specific energy
consumption.
• Entities that achieve the set targets will be issued carbon credit certificates and entities that fail to
achieve the targets will meet the shortfall by purchasing the certificate from the carbon market.
About Ministry of Power
Union Minister – Shri Raj Kumar Singh,Constituency – Arrah(Bihar)
Minister of State– Krishan Pal (Constituency- Faridabad, Haryana)
Secretary – Shri Pankaj Agarwal

KAPP-3 India’s 1st indigenous 700 MWe Nuclear Reactor commenced commercial operations
in Gujarat
On 30th June 2023, the 3rd Unit of Kakrapar Atomic Power Project (KAPP) (KAPP-3), India’s first indigenously
developed 700 MWe (megawatt electric) Pressurised Heavy Water Reactor (PHWR) (nuclear power reactor),
commenced its commercial operations at Kakrapar Site, Gujarat.
Key Points:
i.The Kakrapar project encompasses the construction of two 700 MW PHWRs: KAPP-3 and KAPP-4.
ii.The Kakrapar Atomic Power Project (KAPP) site also houses two 220 MWe PHWRs (Kakrapar Atomic Power
Station(KAPS)-1 and KAPS-2).
iii.The reactor was built by Nuclear Power Corporation of India Limited (NPCIL), a wholly owned public sector
undertaking (PSU) of the Government of India under the administrative control of the Department of Atomic
Energy (DAE).
Other PHWRs projects:
i. The physical progress achieved by KAPP 4 unit, as at the end of May 2023 was 96.92% and was by initiating
various commissioning activities.
ii. The NPCIL plans to build sixteen 700 MW PHWRs across India, and has granted financial and administrative
sanction for the same.
iii. Construction of 700 MW nuclear power plants is under progress at Rawatbhata, Rajasthan in Rajasthan
Atomic Power Project (Units 7 and 8) (RAPS 7 and 8) and at Gorakhpur, Haryana in Gorakhpur Haryana
Anu Vidyut Pariyojana (Units 1 and 2) (GHAVP 1 and 2).
iv. The Centre has sanctioned building of 10 indigenously developed PHWRs in fleet mode at four locations
such as Gorakhpur in Haryana (GHAVP – 3 & 4), Chutka in Madhya Pradesh(Chutka -1&2), Mahi Banswara in
Rajasthan (Mahi Banswara – 1&2&3&4) and Kaiga in Karnataka (Kaiga – 5&6).
India’s 1st AI News Anchor introduced by OTV in Odisha

On 9th July, 2023, Odisha Television Limited (OTV), an Odia based broadcast and digital media company in
Odisha, introduced India’s and Odisha’s first regional multi-lingual Artificial Intelligence (AI) news anchor
named “Lisa” in a ceremony held in Bhubaneswar, Odisha. The introduction of AI Lisa, is an initiative driven by
the visionary team of OTV.
• Lisa is the first AI anchor in the free-to-air regional television broadcasting platform and also the
first Odia news anchor with an ability to speak multiple languages including Odia, English and
others.
Its development involved a large language model (LLM), learning algorithms and voice recognition capabilities
to create an anchor that could simulate human-like interactions.
DoT conducts 5G & Beyond Hackathon 2023 to showcase 5G products & Solutions
The Department of Telecommunications (DoT) under the Ministry of Communication, conducts ‘5G & Beyond
Hackathon 2023‘, aimed at shortlisting India-focused cutting-edge ideas that can be converted into workable
5G and beyond products and solutions.The participants include individuals, students, startups, and academic
institutions send their proposals from June 28, 2023.
i.The top 100 startups will be honored with a prize of 100 lakh (One crore) for their outstanding contributions
to the development of 5G products and solutions During the upcoming India Mobile Congress (IMC) 2023 in
October 2023, held in New Delhi, Delhi.
ii.The winners will get the support from government, industry, academia, telecommunication industries and
original equipment manufacturers to develop their models into products.
iii.The contestants can develop 5G and beyond solutions from across multiple categories including healthcare,
education and governance, AgriTech and livestock, environment, public safety and disaster management

enterprise, smart cities and infrastructure, cyber security, banking, finance and insurance, logistics and
transportation, multimedia and broadcast satellite, among others.
Assam’s Numaligarh Refinery Limited Upgraded to ‘Schedule A’ CPSE

The Ministry of Petroleum and Natural Gas in its recent notification announced that the largest refinery in
northeast India, The Numaligarh Refinery Limited (NRL) in Assam has been elevated from the ‘Schedule B’ to
‘Schedule A’ category Central Public Sector Enterprises(CPSE) by Government of India.
i. With its new status as a ‘Schedule A’ enterprise, NRL becomes eligible to achieve the coveted Navratna As a
Navratna company, NRL will have the freedom to invest up to Rs 1,000 crore without seeking approval from
the central government.
ii. NRL will now have the authority to make swift decisions concerning joint ventures, strategic partnerships,
and special-purpose vehicles, paving the way for strategic growth.
About Numaligarh Refinery Limited (NRL):
• Numaligarh Refinery Limited(NRL) in which the Assam government holds a 26% stake, ranks
among the top 20 Central Public Sector Enterprises (CPSEs) in India in terms of sales revenue and
profitability.NRL is the largest refinery in Northeast India.
• NRL has also made its mark internationally by commencing the export of petroleum products to
neighbouring countries, thereby promoting the government’s Act East Policy.
About categories in Central Public Sector Enterprises(CPSE):
All CPSEs are required to be categorised into four schedules namely,
• Schedule ‘A’ : These are the largest and most important CPSEs. These are the highest-ranked CPSEs,
known for their excellent performance, high profitability, and strategic importance. Schedule A
CPSEs have greater financial autonomy and can make investment decisions up to a certain limit
without requiring approval from the central government.
• Schedule ’B’: These are medium-sized CPSEs. CPSEs in this category are considered to have good
financial performance and operational capabilities, but they may not meet all the criteria of Schedule
A enterprises.
• Schedule ‘C’ : These are smaller CPSEs CPSEs classified as Schedule C are generally characterized by
moderate financial performance and operational capabilities. They may require higher levels of
oversight and approvals from the central government for key investment decisions.. They provide a
variety of goods and services, including banking, insurance, and tourism.
Schedule ‘D’: CPSEs falling under Schedule D have comparatively weaker financial performance and
operational capabilities. These enterprises usually require central government for major decision-making,
including investments.
DPIIT Notified 2 new QCOs on Potable Water Bottles & Flame-Producing Lighters
On 5th July 2023, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of
Commerce & Industry, notified 2 new Quality Control Orders (QCOs) on Potable Water Bottles and Flame-
Producing Lighters to enhance public health and safety of consumers.
• Flame – Producing Lighters (Quality Control) Order, 2023
• Potable Water Bottles (Quality Control) Order, 2023.
Note: This will come into effect six months from the date of notification
New QCO for Potable Water Bottles:
It mandates compulsory certification under the appropriate Indian Standard (IS) for the production and import
of potable water bottles made of copper, stainless steel, or aluminium.
New QCO for Flame-Producing Lighters:
It mandates compulsory certification under IS for ‘Safety Specification for Lighters’, and ‘Safety Specifications
for Utility Lighters’, for the Flame lighters manufactured for domestic market or imported into India. There are
two types of lighters available are Flame and Spark type.

Key points:
i.To support domestic micro and small industries, the government has provided relaxations in terms of the
timeline for implementing the QCO.
• For Small Enterprises, the QCOs shall come into force with effect from 9 months from the date of
publication of this notification.
• For Micro Enterprises, the QCOs shall come into force with effect from 12 months from the date of
publication of this notification.
• This aims to safeguard their interests while ensuring smooth transition and fostering a business-
friendly environment.
ii.The new standards will help to build a quality ecosystem to manufacture world-class products and it will also
contribute to the gross domestic product (GDP) of India.
Why QCO?
i.To curb the import of sub-standard products, prevent unfair trade practices, and ensure the safety and well-
being of consumers, as well as the environment.
ii.To improve manufacturing quality standards and enhance the brand value of ‘Make in India’ products
through “Aatmanirbhar Bharat” or self-reliant India.
iii.According to the BIS Act, 2016, the manufacturing, storing, and sale of non-Bureau of Indian Standards (BIS)-
certified products are prohibited under the new Quality Control Orders (QCOs).
• The first time violation will lead to a penalty of imprisonment upto two years or with fine of at least
Rs 2 lakh.
• In case of subsequent offences, the minimum fine will be increased to Rs 5 lakh and it may extend up
to ten times the value of goods or articles.
Standard Mark
Sl.no Goods or articles Indian Standard Title of Indian Standard
Flame- Producing
1 Lighters IS/ISO 9994: 2018 Lighters – Safety Specification
IS/ISO 22702:
2018 Utility Lighters- Safety Specifications
Potable Water Bottles (Copper, Stainless Steel,

2 Potable water bottles IS 17803:2022 Aluminum)
Role of DPIIT:
i.DPIIT has developed 64 new QCOs covering 317 product standards in partnership with the BIS.
ii.The draft of QCO will be submitted to Minister of Commerce & Industry and vetted by the Department of
Legislative Affairs.
iii.On approval, the QCOs will be uploaded on the World Trade Organisation (WTO) website for a 60-day
period, inviting comments from member countries.
iv.DPIIT is also developing quality testing labs, product manuals, and other essential components, for the
growth of quality ecosystem in India.
About Ministry of Commerce & Industry:
Union Minister- Piyush Goyal (Rajya Sabha-Maharashtra)
Minister of State- Anupriya Singh Patel; Som Parkash
ONGC India’s first CPSE to get certified for Anti-Bribery Management System by InterCert USA
Oil and Natural Gas Corporation (ONGC), the largest crude oil and natural gas Maharatna Company in India, has
become the first Central Public Sector Enterprise (CPSE) in India to get certified for Anti-Bribery Management

System (ABMS) by M/s InterCert USA, an international accredited certification body in the United States of
America (USA).
• Arun Kumar Singh, Chairman & Chief Executive Officer (CEO) of ONGC, received the ABMS
Certificate in an award ceremony.
Note:
ONGC was the first organization in India that adopted the Integrity Pact (IP) by Transparency International
(Anti-Corruption) in 2005.
The ABMS Certification is one of the significant achievements for ONGC’s efforts towards strengthening its
ability as a trusted business partner.
Key People:
Ranjan Prakash Thakur, Chief Vigilance Officer (CVO) and key representatives from ONGC along with a
representative from the Certification Body M/s InterCert were present during the award ceremony.
Implementation of ABMS:
After complete assessment and validation by M/s InterCert USA, ABMS has been implemented as per
International Organization for Standardization (ISO) 37001:2016 International Standard under the guidance of
an international consultancy firm M/s Digital Age, in the first phase across 10 departments of ONGC’s
Corporate Office in Delhi.
Anti-Bribery Management System:
i. ISO 37001:2016, an international Standard on the domain of ABMS, specifies requirements and provides
guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management
system.
ii. It allows organizations to prevent, detect and address bribery by adopting an Anti-bribery policy.
IGI Airport becomes India’s 1st airport to get 4th Runway & Elevated Dual Taxiway
On 14th July 2023, Delhi International Airport, also known as the Indira Gandhi International (IGI) Airport has
become the first airport in India to get four runways and dual Eastern Cross Taxiway (ECT) (elevated
taxiways).
• Jyotiraditya M. Scindia, Union Minister for Civil Aviation and Steel inaugurated the new runway and
ECT at IGIA, New Delhi, Delhi.
Note:IGI Airport, Managed and operated by the Delhi International Airport Ltd (DIAL), a consortium led by
GMR Airports Infrastructure, is India’s busiest and the world’s 9th-busiest airport
Key People:
General (Dr.) Vijay Kumar Singh (Retd.) Union Minister of State for Civil Aviation, and Road Transport and
Highways, Sanjeev Kumar, Chairman, Airport Authority of India, G. M. Rao, Group Chairman, GMR were also
present during the inauguration.
The 4th runway:
i.The 4.4-km runway with 4,400 metres length and 45 metres width was constructed to handle Air Traffic
Movements (ATM) and widebody aircraft is set to go up from 1,500 flights a day to 2,000.
ii.A ceremonial water cannon salute was accorded to Air India flight 821that took off from Delhi to Srinagar to
mark the operationalisation of the fourth runway.
iii.The fourth runway construction was successfully completed in September 2021 and will be initially used
only for departures.
Eastern Cross Taxiway (ECT):
i.The ECT is 2.1 kilometres long and 44 metres wide, with a gap of 47 metres between the two lanes.
ii.The taxiways will connect northern and southern airfields and reduce taxi distance for aircraft by 7 km and
taxiing time for planes from 8-9 minutes.
iii.It will see a reduction of almost 55 thousand tons of carbon dioxide (CO2) emission on annual basis.
Additional Information:
i.IGIA has three terminals — T1, T2 and T3, and four runways — RW 09/27, RW 11R/29L, RW 10/28 and RW

11L/29R.
ii.Both the new runway and the taxiway are capable of handling large aircraft and wide-body jets such as
Airbus 380, Boeing 777 and Boeing 747-8.
MoRTH & JICA jointly developed 5 Guidelines to Enhance Mountainous Road Infrastructure in
India
On 7th July 2023, the Union Minister Nitin Jairam Gadkari, Ministry of Road Transport & Highways (MoRTH),
released the five guidelines to enhance mountainous road infrastructure in India developed by MoRTH with
the technical assistance of Japan International Cooperation Agency (JICA).
• These guidelines were published by Indian Road Congress (IRC).
Note: These guidelines were released during the 225th mid-term council meeting of the Indian Road Congress
in Raipur, Chhattisgarh.
Key People:
Tamradhwaj Sahu, Minister of Public Works Department(PWD), Chhattisgarh, P V V S S Ravi Prasad, MoRTH
Director General (Road Development) & Special Secretary were present during the event.
About the Guidelines:
i.The guidelines are designed to improve road networks, promote economic growth and to ensure high-quality
sustainable road projects.
ii.The guidelines provide technical specifications and best practices for road construction in mountainous
regions covering,
• Planning of Hilly Roads
• Slope Protection and Embankment with Advanced Technology
• Tunnel on Arterial Roads in Hilly Area
• Mountain Bridge with Advance Technology
• Operation and Maintenance of Mountainous Highways
India & JICA partnership:
Since 2007, JICA have provided several technical cooperation projects towards the road sector in India.
This includes,
• Capacity development of sustainable development of expressways (2007-2011)
• Capacity development for highway operation and maintenance Project (2013-2015),
• Capacity Development Project on Highways in Mountainous Regions (2016-2022).
About Ministry of Road Transport & Highways (MoRTH):
Union minister – Nitin Jairam Gadkari(Constituency-Nagpur, Maharashtra)
Minister of State – General (Retd.) Vijay Kumar Singh
SCES Replaced by SCoS to Review Surveys for NSO

The Ministry of Statistics and Programme Implementation’s (MoSPI) Standing Committee on Economic
Statistics (SCES), tasked with examining economic indicators, will be replaced by a Standing Committee on
Statistics(SCoS), to review the framework and results of surveys conducted for the National Statistical
Office(NSO).
New Standing Committee on Statistics(SCoS):
The new Standing Committee on Statistics (SCoS) will have a more extensive mandate. Unlike the SCES, the
SCoS will not only focus on economic indicators but will also review the framework and outcomes of all surveys
conducted by the National Statistical Office (NSO).
i.Pronab Sen, India’s first chief statistician and the former chairman of the National Statistical Commission
(NSC), has been named the chairman of the SCoS.
ii.SCoS has 10 official members, and four non-official members who are eminent academics.
iii.The panel can have up to 16 members, as per the order issued by MoSPI.

Key points:
i.The SCoS identifies data gaps that need to be filled by official statistics with an appropriate strategy to plug
those gaps.
ii.It has also been mandated to use administrative statistics to improve data outcomes and the NSC will
authorize the approval of publication of the results.
Note: The SCoS has been set up due to data quality issues on household surveys on consumption expenditure
and employment conducted by SCES were junked.
Standing Committee on Economic Statistics (SCES)
The SCES was set up in 2019 and primarily concerned with examining economic data related to specific sectors
and surveys.
• This was limited to datasets like the Periodic Labour Force Survey, the Annual Survey of Industries,
the Index of Industrial Production and the Economic Census.
The SCES was also chaired by Pronab Sen. It had 28 members, including 10 non-official members.
NABARD’s 42nd Foundation Day 2023- 12th July

On July 12, 2023, the National Bank for Agriculture and Rural Development (NABARD) celebrated its 42nd
Foundation Day. Amit Shah, the Union Home Minister and Minister of Cooperation was the chief guest of the
event held at Pragati Maidan in New Delhi, Delhi.
• The day was marked by a series of events throughout the country, including a webinar on the theme
of “NABARD: 42 Years of Rural Transformation.”
The webinar was addressed by the Union Minister of Agriculture and Farmers’ Welfare, Narendra Singh Tomar,
who highlighted the important role that NABARD has played in the development of rural India by enhancing
agricultural production, developing infrastructure, and fostering financial inclusion.
At the event:
• Amit Shah distributed Micro-Automated teller machine(ATM) and Rupay Kisan Card to the dairy
farmers of milk societies of Banaskantha and Panchmahal districts of Gujarat Central Co-operative
societies.
Key people:
Minister of State for Finance Dr. Bhagwat Kishanrao Karad, Secretary, Gyanesh Kumar, Ministry of Cooperation,
and Chairman of NABARD K.V.Shaji were present during the event.
Achievements of NABARD:
i.NABARD has launched credit delivery mechanism like Kisan Credit Card (KCC), Joint Liability Group (JLG) ,
Self Help Groups (SHG) , Banking Correspondents, improving the rural infrastructure through Rural
infrastructure development fund (RIDF), improving the financial health of co-operative banks & Regional Rural
Banks (RRB) etc.
ii.Through capital formation NABARD has amounted Rs. 8 lakh crore to the rural economy.
iii.It has reduced the short-term loan for agriculture finance of Rs.896 crore in 1982 to Rs.1.58 lakh.
iv.It has increased the long term agriculture loan in 1982 which amounted to Rs 2300 crore to Rs 1 Lakh crore.
v.It has financed 13 million metric ton capacity warehouses 1 crore self-help groups hin India.
vi.NABARD has about 7000 Farmer Producer Organisations (FPO)which ensures farmers to get remunerative
prices for their produce.
vii.Under NABARD, the Cooperative Development Fund(CDF) established in 1992-93 with Rs 10 crore has
increased to Rs 293 crore.
viii.NABARD has refinanced Rs.12 lakh crore to the rural agricultural economy to meet the needs of agriculture
and farmers and to strengthen and diversify agri-production and Rs 20 lakh crore in the rural economy with a
growth rate of 14%.
About NABARD:
i.NABARD is a development bank focussing primarily on the rural sector of the country by providing finance for
Agriculture and rural development.

ii.It came into existence on 12 July 1982 by transferring the agricultural credit functions of Reserve Bank of
India (RBI) and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
iii.It is a statutory body established under Parliamentary act-NABARD Act, 1981.
Founded in – 12 July 1982
Chairman – K.V.Shaji
DPIIT Joined Hands with Gujarat for the ODOP Program

On 20th July 2023, One District One Product (ODOP) program, an initiative under the Department for
Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry partnered with
the Government of Gujarat in New Delhi, Delhi, with the aim to foster the promotion of the indigenous crafts
and artisans of the state.
• By implementing product tagging and story cards, the aim of the collaboration will be achieved.
• ODOP-Gujarat presents an extensive array of 68 distinctive products, encompassing a diverse
range from traditional crafts (like Gamthi Block print and Mata-ni-Pachedi) to agricultural
commodities (like groundnuts and cumin).
Similar Programs in Gujarat:
i.The Government e-Marketplace (GeM) has conducted onboarding drives for Sujani Handloom,
Jamnagari Bandhini, and Patan Patola, facilitating their presence on the platform.
ii.The Agate Stone industry in Khambat district(Gujarat) and the Sujani craft from Bharuch district(Gujarat)
received essential support through workshops organized in collaboration with the National Institute of Design
(NID).
About One District One Product (ODOP) program:
One District One Product Scheme is an initiative that is seen as a transformational step forward towards
realizing the true potential of a district, fuel economic growth, and generate employment and rural
entrepreneurship, taking us to the goal of AtmaNirbhar Bharat.
• In India, Uttar Pradesh government was the first state of India to launch the concept of One District
One Product in 2018.
About Gujarat:
Chief Minister- Bhupendrabhai Patel
Governor – Acharya Devvrat
Capital – Gandhinagar
Kerala gets India’s 1st Construction Innovation Hub in Kochi

Kerala got India’s first Construction Innovation Hub (CIH) that will serve as a platform to promote
innovation and entrepreneurship around sustainable and affordable building facilities by encouraging
collaboration and knowledge-sharing among the industry stakeholders.
• The CIH was launched at the Sheltertech Summit, a
summit to advance housing and construction innovations,
which was organised by the Habitat for Humanity and
Kerala Start-up Mission (KSUM) in Chennai, Tamil Nadu.
• The overall programme management of CIH will be taken
care of KSUM, and the CIH is set to be based in Kochi,
Kerala, which is also the headquarters of KSUM.
Responsibilities of KSUM:
i.The programme management includes the identification and recruitment of nascent companies.
ii.It also provides them with housing-related technical mentorship and connections, besides programme design
and facilitation.
iii.Establishing connections with the Habitat for Humanity India (HFHI), a Georgia (United States of America
(USA)) based non-profit organisation, that builds homes and provides housing-related services to low-income

families.
Note: HFHI founded in 1976 and functioning in 70 countries.
Benefits of the Hub:
i.CIH, which will serves as a platform to start-ups across India is initially intend to function virtually, gives
KSUM a decisive role in setting up a secretariat at the nodal agency to handle its administrative tasks and
identify a full-time point-to-contact person for the CIH.
ii.The facility will enable the KSUM to realise start-up space at Kerala Technology Innovation Zone (KTIZ) in
Kochi, Kerala, promote events and reach out to target audience.
iii.It will help provide digital platform for KSUM’s innovation lab, collaborate with different government
departments to identify pilot projects related to low-income housing as well as construction skilling, its finance
and other connects to start-ups/scale-ups as needed.
iv.KSUM will have the power to call for application of start-ups/students/Micro, Small, and Medium
Enterprises (MSMEs) and evaluate their initial screening. It can hold road-shows and reverse pitch sessions for
the participants to get best start-ups nationally.
v.With the launch of the CIH, KSUM is set to form an advisory council comprising pertinent stakeholders, with
early-stage innovators reaching out to college students and conducting challenges and knowledge sessions to
promote shelter in the first year.
About Kerala:
Chief minister– Pinarayi Vijayan
Governor– Arif Mohammed Khan
Festival– Thiruvathira, Malayalam month of Dhanu (December-January) and Pooram festival (Mid-April)
Rajasthan Introduces India’s First Gig Workers Bill 2023

On 21st July 2023, the Rajasthan government introduced India’s first ever Gig workers Bill the ‘Rajasthan
Platform Based Gig Workers (registration and welfare) Bill 2023’ to guarantee social security to gig
workers.
• Aggregators, which include food delivery apps and e-
marketing platforms, must provide the Rajasthan
government with a database of all platform-based gig
workers on-boarded or registered with them within
sixty days of the Act’s implementation.
Gig worker:
i.Gig worker refers to someone who earns from such activities
outside of the traditional employer-employee relationship and
who works on a contract.
ii.The term “gig economy” means a general workforce environment, which includes short-term employment,
contractual jobs, and independent contractors.
Who comes underAggregators:
Aggregators are individuals or organisations engaging platform-based workers for tasks that include Ride
sharing, food and security delivery, logistics, and more.
Penalties for Non-Compliance:
i.It imposes monetary penalties for an aggregator that fails to comply with the Act.
ii.The state government may impose a fine up to Rs 5 lakh for the first offence and up to Rs 50 lakh for
subsequent offences.
Welfare Board for Gig Workers:
i.The Bill proposes to form a ‘The Rajasthan Platform Based Gig Workers Welfare Board’ to ensure registration
of gig workers and aggregators operating in the state.
ii.The Labour Minister would be the Chairperson of the “Platform Based Gig Workers Welfare Board” which
will meet at least once in six months.

Welfare Fee:
i.The bill also aims to set up a Platform Based Gig Workers Fund and Welfare Fee.
ii.The part of the welfare fee will be contributed by the aggregator on the basis of each transaction, or as
directed by the state government.
iii.The government also intends to establish a monitoring mechanism to ensure that the Act’s terms are
followed as well as the welfare fee is deducted on a regular basis.
Creation of Unique ID:
i.Under this Bill, the gig workers provide a unique ID (Identity Document) which will be applicable across
platforms.
ii.The ID will enable such workers to access general and specific social security schemes,and participate in all
decisions taken for their welfare through representation in the board.
About Rajasthan:
Chief Minister – Ashok Gehlot
Governor – Kalraj Mishra
Dances – Ghoomar Dance, Chari Dance,Kachhi Ghodi
Tamil Nadu’s Authoor Betel Leaves received GI Tag

The Geographical Indications Registry has issued the Geographical Indication (GI) tag certificate to the Authoor
Betel Leaves (Authoor Vetrilai) of Thoothukudi district, Tamil Nadu.
• The betel leaves, locally known as Vetrilai in Tamil, cultivated in the Authoor village of Thoothukudi
district, Tamil Nadu (TN) attained the GI tag in April 2023.
• The tag was facilitated by the Tamil Nadu State
Agriculture Marketing Board and NABARD(National
Bank For Agriculture And Rural Development) Madurai
Agribusiness Incubation Forum(MABIF) is registered
in the name of Authoor Vattara Vetrilai Vivasayigal
Sangam.
• This recognition will enable the reach of Authoor betel
leaves in both domestic and international markets.
About Authoor Vettrilai:
i.It is cultivated across an extensive area spanning approximately 500 acres of land, encompassing regions like
Mukkani, Authoor, Korkai, Suganthalai, Vellakoil, and other Mukkani villages.
ii.The distinct pungency and spiciness of these Authoor betel leaves are attributed to the uniqueness of water
in Thamirabarani River, the main irrigation source for the fields here.
Key Points:
i.This leaf is utilized during special occasions such as temple festivals, housewarmings, and weddings and
possesses a distinctively spicy and pungent flavour.
• The other names of Vetrilai are tambulam in Sanskrit, paan in Hindi, tamula pakukilli in Telugu.
ii.It is available in available in three distinct varieties viz. Nattukodi, Karpoori, and Pachaikodi.
iv.The leaves are historically significant, being mentioned in the 13th-Century book ‘The Travels of MARCO
POLO (The Venetian)’.
• Ancient stone inscriptions also highlight the cultural significance of Authoor vettrilai in Tamil
culture.
HCLTech joins XR Startup Programme with MeitY, Meta

HCL Technology (HCLTech) in Noida, UttarPradesh, has joined the XR Startup Programme, an initiative
between Meta and the Ministry of Electronics and Information Technology (MeitY) Startup Hub(MSH) to
discover, nurture, and accelerate extended reality (XR) technology start-ups in India.

• These start-ups will be mentored by the HCLTech professionals through leadership training and the
sharing of business and industry viewpoints.
Key points:
i.The XR Startup Program, launched in September 2022, is a joint effort between the MeitY Startup Hub (MSH)
and Meta.
ii.Selected startups working on XR technology might receive a grant of up to Rs 20 lakh from the HCLTech.
Note: XR is a broad term to refer to Augmented Reality(AR), Virtual Reality(VR), and mixed reality.
CSIR-IIIM Jammu’s Cannabis Research Project is India’s 1st Cannabis Medicine Project under
PPP with a Canadian firm
The “Cannabis Research Project” of the Council Of Scientific And Industrial Research–Indian Institute Of
Integrative Medicine (CSIR–IIIM) in Jammu, Jammu & Kashmir (J&K) is the first of its kind Cannabis Medicine
Project in India under Public Private Partnership (PPP) with a IndusCann Limited, headquartered in Toronto,
Canada.
• This project is going on under a scientific agreement between CSIR-IIIM and a Canada
based IndusScan. Click Here to Read
• This information was given by Union Minister of State (Independent Charge) Dr. Jitendra Singh,
Ministry of Science & Technology (MoST).
Key Points:
i.The Minister visited Cannabis Cultivation Farm of CSIR- IIIM to get first-hand information about the
cultivation practices for Cannabis in the protected area of the institute and research work being carried out on
this important plant.
• It is the first institute to obtain first license for Cannabis cultivation in India.
ii.Through this project, Cannabis, a substance of abuse will be used as a good for mankind especially for
patients suffering from neuropathies, cancer and epilepsy.
iii.This project has the potential to produce those kinds of medicines which have to be exported from foreign
countries, and can also produce export quality drugs meant for different kinds of neuropathies, diabetic pains
etc.
iv.Due to the prevalence of drug abuse in J&K and Punjab, this project also raise awareness about the various
medicinal uses of the abused substance, particularly for patients suffering from malignancies and other
diseases.
v.Under a tripartite agreement of CSIR with Department of Biotechnology (DBT) and Indian Council of Medical
Research (ICMR), CSIR-IIIM has completed the exploratory research on Cannabis after license for cultivation of
Cannabis for scientific purpose was granted by J&K Govt.
• Presently, CSIR-IIIM has a repository of more than 500 accessions collected from different parts of
the country, and are working to provide technology for Cannabis cultivation, and drug discovery.
Vi.Other States like Uttrakhand, Uttar Pradesh(UP), Manipur, Madhya Pradesh(MP) and Himachal Pradesh have
started making the policy and rules for use of Cannabis for scientific purposes.
Already approved drugs from Cannabis:
The FDA (Food and Drug Administration) has approved the drugs such as Marilnol/nabilone and Cesamet for
treatment of nausea and vomiting, Sativex for neuropathic pain and spasticity, Epidiolex, Cannabidiol for
epilepsy and are being used in different countries.
Ministry of Jal Shakti Celebrated 1st Anniversary of Rural WASH Partners Forum (RWPF) in
Delhi
The Rural WASH Partners’ Forum (RWPF), a platform of the Department of Drinking Water & Sanitation
(DDWS) under the Ministry of Jal Shakti, celebrated its 1st anniversary during a two-day National Conference
on Rural WASH Partners’ Forum at Vigyan Bhawan, New Delhi, Delhi.

i.The theme of the conference was “Accelerating Progress towards a Swachh Sujal Bharat”.
ii.The conference was inaugurated by Union Minister of Jal Shakti Shri. Gajendra Singh and launched various
initiative such as
• Release of the Manual for Disaster Management Plan (DMP),
• Set up of Jal Jeevan Mission (JJM) Digital Academy,
• RWPF Annual Yearbook and Web page,
• Swachhata Chronicles – Transformative Tales from India, and
• Field Assessment Framework and Ranking Protocol of SSG 2023.
Notable initiatives launched in National Conference on RWPF:
i.Disaster Management Plan:
• Union Minister for Jal Shakti, Shri Gajendra Singh Shekhawat released the Manual for Disaster
Management Plan (DMP) during the event.
• The Manual is developed by the Department of Drinking Water and Sanitation(DDWS) to ensure
safety, uninterrupted supply and minimum loss of Water, Sanitation and Hygiene (WASH) assets
and services involving stakeholders at national, state, district, and village level.
• The Plan aligns with the two-flagship programmes on WASH implemented by the Department
namely the Jal Jeevan Mission (JJM) and Swachh Bharat Mission-Grameen (SBM-G).
• The Disaster Plan is developed based on the Advisory issued by National Disaster Management
Authority (NDMA) which, under Section 37 of Disaster Management Act, 2005 desires every
Ministry/ Department to develop its own disaster plan to counter and be prepared for any
emergency arising in future.
• This disaster management plan takes account of gender-based vulnerabilities, and issues concerning
Scheduled Castes and Scheduled Tribes, elderly, children and people with disabilities.
ii. JJM Digital Academy Establishment
Department of Drinking water and sanitation (DDWS) and Echo India, a non-profit organization signed a MoU
to set up the JJM Digital Academy. The online portal of JJM Digital Academy was launched by the Union
Minister of Jal Shakti, Shri Gajendra Singh Shekhawat.
• Minister of State for Food Processing Industries and Jal Shakti Shri Prahlad Singh Patel, Secretary
Department of Drinking Water and Sanitation, Smt Vini Mahajan and Additional Secretary & Mission
Director-NJJM Shri Vikas Sheel were participated the event.
• The Academy will be using digital technology in delivering knowledge, skills through innovative
approach to stakeholders associated with water supply programme like administrators, engineers,
Panchayat functionaries, technicians, sanitation workers and foot soldiers.
iii.RWPF Annual Yearbook and Web page:
• The Yearbook documents the efforts of development partners across different regions and themes,
showcased on the Web page.The recognition of their on-ground work by various agencies
encourages the partners to perform better and support the government in reaching desired goals.
iv.Swachhata Chronicles – Transformative Tales from India:
• It is released with a view to achieve the goal of SBM-G Phase-II, a compilation of 75 ODF Plus Best
Practices highlights the innovations, steps taken to remove obstacles and increase awareness,
special campaigns undertaken, and other efforts of States/UTs in various ODF Plus activities.
iv.Field Assessment Framework and Ranking Protocol of SSG 2023:
• It is a detailed framework defining how the States & UTs will be ranked in
the Swachh Survekshan Grameen (SSG) 2023.
vi. Felicitation of Four start-ups by Hon’ble Minister of Jal Shakti, for developing cost-effective and portable
water quality testing kits under Technology Challenge conducted by Invest India with support from DDWS.
Elico, Cluix and Heuristics have developed digital portable multi parameter water quality testing devices.

Note – The programme was followed by thematic sessions on water and sanitation organised by United
Nations Children’s Fund (UNICEF), Aga Khan Foundation, All India Institute of Self Governance (AIILSG),
WaterAid, WASH Institute and the Centre for Environment Education (CEE).
About Rural WASH Partners Forum (RWPF):
• It is a platform launched by DDWS, under Ministry of Jal Shakti in July 2022, in collaboration with
KPMG India, to support States/ UTs in for their flagship programme such as Jal Jeevan Mission (JJM)
and Swachh Bharat Mission-Grameen (SBM-G).
• The key objective of RWPF is to drive innovation in WASH sector through technology, developing
knowledge products, information sharing, financing, and building the capacity building of those
associated with the programme.
RWPF Secretariat has been set up at DDWS where KPMG is the platform coordinator to take tasks and activities
forward.
Bengaluru Becomes 1st Indian City to Join World Cities Culture Forum
Bengaluru, the capital of Karnataka became the first Indian city to be part of the World Cities Culture Forum
(WCCF), a global network of cities that share research and intelligence to explore the role of culture in future
prosperity.
• Bengaluru became the 41st city to join the forum and
the network currently includes 40 cities across six
continents. The forum includes cities like New York,
London, Paris, Tokyo, and Dubai. list of all wccf cities
Bengaluru’s way to WCCF:
i.The participative project called Unboxing Bangalore is
established to create a new narrative around Bengaluru through
multimedia properties and they have been representing the city
and leading the discussions.
ii.WCCF will work closely with Unboxing BLR Foundation, a not-for-profit initiative co-founded in April 2022
by Prashanth Prakash, Founding Partner of Accel India and Philanthropist, and journalist Malini Goyal.
About WCCF:
i.It was founded in 2012 by Justine Simons, London’s Deputy Mayor for Culture & the Creative Industries.
• She was awarded an Order of the British Empire(OBE) in 2015 by Queen Elizabeth for her Services
to Culture in London.
ii.WCCF partners share the belief that culture is the key to their future as sustainable urban centres.
iii.The WCCF undertakes comparative research to assess the impact and significance of culture and creativity
and shares its findings with the Forum so that partner cities can make evidence-based policy decisions.
iv.Forum partners collaborate through a series of events that includes themed symposia, regional summits, and
workshops and These activities contribute to the yearly World Cities Culture Summit.
About Bengaluru cultural aspects:
i.Bengaluru is commonly referred to as the ‘Silicon Valley of India’ because of its role as the nation’s leading
information technology exporter.
ii.Bengaluru is home to more than 30 government and private museums that showcase the city’s rich history,
art and culture.
• India’s first interactive music museum opened in 2019.
iii.As the “Garden City of India”, it has many green spaces including two nationally recognised botanical
gardens, Lal Bagh and Cubbon Park that act as green lungs for the city.
iv.The variety of festivals and cultural events takes place including The Bengaluru International Film Festival,
The Bangalore Literature Festival, Bengaluru Design Festival and Future Fantastic Festival.

STATE NEWS
Maharashtra renames Versova-Bandra Sea Link as Veer Savarkar Setu & MTHL as Atal Setu
On 28th June 2023, The Maharashtra Cabinet approved the renaming of two infrastructure projects in Mumbai
after Vinayak Damodar Savarkar and former Prime Minister(PM) Atal Bihari Vajpayee.
i.The 17-km Versova Bandra Sea Link (VBSL) which connects Andheri to the Bandra-Worli Sea Link and a part
of the coastal road project will be renamed as ‘Veer Savarkar Setu’ after Savarkar.
ii.The Mumbai Trans Harbour Link (MTHL) which connects Mumbai to Navi Mumbai, expected to be India’s
longest sea bridge upon completion by December 2023, will be renamed as ‘Atal Bihari
Vajpayee Smruti Sewree Nhava Sheva Atal Setu‘ after Vajpayee.
Note: The announcement was made on 28th May 2023, the 140th birth anniversary of Savarkar by
Maharashtra Chief Minister Eknath Shinde.
QCI and Odisha Government Launched Odisha Gunvatta Sankalp in Bhubaneswar

On 26th June 2023, the Government of Odisha launched the Odisha Gunvatta Sankalp (Odisha Quality Mission)
in Bhubaneswar, Odisha with an aim to promote and prioritize quality across various sectors in the state of
Odisha.
• It was launched with in collaboration with the Quality Council of India (QCI) and Other industry
associations such as the Associated Chambers of Commerce & Industry of India(ASSOCHAM), Federation
of Indian Chambers of Commerce & Industry(FICCI), Engineering Export Promotion Council of
India(EEPC), Odisha Assembly of Small and Medium Enterprises (OASME), PHD Chamber of Commerce
and Industry (PHDCCI), Central Institute of Petrochemicals Engineering & Technology (CIPET), and
Federation of Hotel & Restaurant Associations of India(FHRAI),
• The dynamic 5T initiative in Odisha has achieved remarkable progress in enhancing quality across
various sectors including public service delivery, heritage tourism, healthcare, education, skilling, and
access to drinking water, among others.
The inauguration of the Odisha Gunvatta Sankalp took place in the presence of Chief Secretary Pradeep Kumar
Jena and Development Commissioner Anu Garg.
MP CM Shivraj Singh Chouhan initiated the registration of Mukhyamantri Sikho Kamao Yojana
for youths in MP
Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh (MP) implemented the Mukhyamantri Sikho-
Kamao Yojana (MMSKY) (CM Learn and Earn Scheme) for the skill development of the youths of MP.
• He started the process of registration of youth applicants in this scheme and interacted with the
youths during the event organised at the Ravindra Bhavan in Bhopal, MP.
• The scheme-related training will begin on 1st August 2023.
About Mukhyamantri Sikho Kamao Yojana:
The scheme aims to facilitate the ‘On the Job Training (OJT)’ opportunities in registered industrial and
vocational establishments, enabling young individuals to get industry-suitable skills.
• Apart from training the individuals will also benefit from a monthly stipend provided by the
Government of MP.
Features of the scheme:
Under the MMSKY scheme, there are about 700 different types of works and individuals can apply as per their
interest using a web portal, https://mmsky.mp.gov.in/.
Eligibility:
i. The candidate should be 18 to 29 years of age.
ii. The candidate should be the permanent resident of Madhya Pradesh.

iii. Candidates should have the educational qualification of class 12th, ITI pass or above.
iv. The candidates should have completed their registration and completion of e-KYC (Electronic Know Your
Customer) on Samagra ID Portal.
Note: Samagra ID given by the Samagra Portal of MP is a 9 digit number, which is provided to every citizen of
MP, just as an Aadhaar card.
Benefits:
The stipend benefits provided to the individuals learning under the scheme is, for:
• 12th Pass, the stipend will be Rs.8,000
• Industrial Training Institute (ITI) Pass candidates will get Rs.8,500
• Diploma Holders will get Rs.9,000
• Post Graduates will get Rs.10,000
Governor- Mangubhai C. Patel
Tiger Reserve- Panna Tiger Reserve, Satpura Tiger reserve
Sarbananda Sonowal Laid the Foundation Stone for Inland Waterways Transport Terminal in
Assam
On 4th July 2023, the Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush,
Sarbananda Sonowal laid the foundation stone of Inland Waterways Transport (IWT) terminal to be developed
at Bogibeel in Dibrugarh, Assam along the banks of the River Brahmaputra, (National Waterways 2).
The tourist-cum-cargo IWT terminal will be developed at Rs 46.60 crores and is scheduled to be completed by
February 2024.
• The terminal will help in rejuvenating inland waterways transportation in the region for both cargo
and passenger movement, by helping the growth of trade and commerce.
Note: The IWT terminal is built under the aegis of the Inland Waterways Authority of India (IWAI) – the nodal
agency for inland waterways of the MoPSW, will have many modern features.
J&K launched India’s first Tele-MANAS chatbot for people in mental distress
On 5th July 2023, Manoj Sinha, Lieutenant Governor of Jammu and Kashmir (J&K) launched India’s first Tele
Mental Health Assistance and Networking Across States (MANAS) chatbot in the Union Territory (UT) to
enhance mental health support for distressed people by initiating an instant conversation with those who are
in need.
• The 2-tier system comprises State Tele-MANAS cells, which includes trained counsellors and mental
health specialists in Tier 1 and specialists at District Mental Health Programme (DMHP)/Medical
College resources for physical consultation and/or eSanjeevani for audio visual consultation in Tier
2.
• J&K Lieutenant Governor Manoj Sinha, who inaugurated the ‘J&K Health Conclave’ on Mental Health
and Non-Communicable Diseases at Srinagar,J&K.
The initiative will ensure round the clock services of health counsellors, clinical psychologists and consultants.
Pilot Project of Antyoday Shramik Suraksha Yojana Launched in Gujarat

On 8th July 2023, Gujarat Chief Minister Bhupendra Patel and Union Minister of State for Communications
Devusinh Chauhan, launched the Pilot Project of Antyoday Shramik Suraksha Yojana for the welfare of the
workers from Nadia of Kheda district in Gujarat.
• The scheme aims to provide financial stability to workers or Labourers, in case of any accident or
death.

• It is being implemented through the Indian Postal Department, the Indian Post Payments Bank, and
the Ministry of Labour and Employment.
Note: Gujarat has become the first state in the India to introduce this scheme aiming to benefit the workers.
Benefits provided under the Scheme:
i.Workers can avail benefits for death or partial disability, with premiums ranging from Rs 289 and 499 per
year.
ii.In case of death, their family will receive Rs 10 lakh, while permanent disability due to an accident will make
the workers eligible for a sum of 10 lakh rupees.
iii.The scheme includes education assistance of 1 lakh rupees for the children of deceased workers.
About Gujarat:
Governor- Acharya Devvrat
Capital- Gandhinagar
Folk dance- Garba, Dandiya, Bhavai
Odisha Cabinet approved ‘Ama Odisha, Nabin Odisha’ scheme to augment rural infrastructure
and preserve Jagannath culture
On 10th July 2023, the Odisha Cabinet chaired by Chief Minister(CM) Naveen Patnaik approved ‘Ama Odisha
Nabin Odisha’ scheme to take measures to enhance rural infrastructure, leading to accelerated growth and to
promote, preserve and protect the Jagannath culture and tradition of Odisha.
• Under the scheme, a budget provision of Rs 4000 crore will be allocated, and it will cover all Gram
Panchayats (GP) with an entitlement of Rs 50 lakh.
The cabinet has also approved around 9 proposals related to 6 different departments, including the
Department of Energy, Home, Panchayati Raj and Drinking Water, Revenue and Disaster Management,
Scheduled Tribes (ST) and Scheduled Caste (SC) Development, and the Department of Works.
About Ama Odisha, Nabin Odisha:
Background:
i. “Ama Odisha Nabin Odisha” scheme is the modified version of “AmaGaonAma Bikash” (AGAB) scheme
launched by the Odisha Government in
ii. The Government of Odisha has modified the guidelines of the earlier intervention AGABby giving it a new
dimension andmaking it effective from the Financial Year 2023-24.
iii. The vision of the intervention is to transform Odisha into a modern and aspirational Odisha retaining the
essence, soul, and spirit of Jagannath culture and spreading it to the world.
Objective:
The main objective of the scheme is to provide missing links to the existing small and essential projects and the
development of infrastructure.
Few Benefits of Expanding Rural infrastructure:
i. Under ‘Ama Odisha Nabin Odisha’ shcmee, original works like restoration of village temple, building futuristic
digital infrastructure, will be undertaken.
ii. Under the scheme, every Gram Panchayat can take up work up to Rs 10 lakh to protect the Jagannath culture
and to protect their local places of worship, sites of historical significance and to provide amenities for our
pilgrims and visitors
iii. Improvement of infrastructure for primary education and also providing missing links to the existing
development infrastructure, construction, modernization and expansion works.
iv. Creating additional facilities for Mission Shakti Groups at the GP level.
v. Providing Banking Facilities and improvement of digital access in terms of mobile connectivity, optical fibre
connectivity, WiFi and internet connectivity.
vi. Transparency measures such as a web-based Management Information System (MIS) for monitoring the
Scheme and a dedicated app for sharing photographs before, during and after each project with Geographic
information system (GIS) tagging shall be developed under the scheme.

Odisha Cabinet approved Inclusion of Kui Language in 8th Schedule of Constitution of India
The Odisha Cabinet also approved the inclusion of Kui language in the 8th schedule of the Constitution of
India to include several benefits to the Kandh tribes of Odisha.
Benefits:
i. It will help in the preservation, promotion, and propagation of the Kui language and culture.
ii. Activities such as publication, creation of content and recognition will get momentum.
iii. Create an eco-system to facilitate research & Studies anchored around the preservation, promotion and
propagation of the Kui Language.
iv. More than 7 Lakh Kui-speaking Indigenous people will benefit from this decision.
v. The cabinet decision to recommend the inclusion of the Kui language in the 8th schedule will have no
financial implications.
Note: 8th schedule of the Constitution of India lists the official languages of the Republic of India. The
Constitutional provisions relating to the 8th Schedule occur in articles 344(1) and 351 of the Indian
Constitution. Currently it includes the recognition of 22 languages.
SLSWCA of Odisha Cabinet approved 11 Projects in various sectors worth Rs 3266 Crore
On 10th July 2023, 119th State Level Single Window Clearance Authority (SLSWCA) of the Government of
Odisha chaired by Pradeep Jena, Chief Secretary of Odisha, approved 11 industrial projects worth around Rs
3266 crore.
• These projects would be set up in Balasore, Balangir, Kalahandi, Khordha and Jajpur districts of
Odisha and are expected to generate 9,146 employment opportunities.
• The projects were approved in various sectors including Metal Downstream and Ancillary,
Chemicals, Food Processing, Agro Processing, Plastics, Textiles Apparel, Information Technology (IT)
& Electronics System Design & Manufacturing (ESDM) and Renewable Energy.
About Odisha:
Chief Minister- Naveen Patnaik
Governor- Ganeshi Lal
Festivals: Raja Parba, Rath Yatra
J&K Govt created Department of Public Grievances in Union Territory

On 12th July 2023, the government of Jammu & Kashmir (J&K) accorded to the creation of “Department of
Public Grievances” as a separate Administrative Department in the Union Territory, which will also deal with
the redressal of Public Grievances, and Lieutenant Governor’s (LG) Mulaqaat – Live Public Grievance Hearing.
• This is in line with the commitment of the J&K government that foresees promotion of citizen-
centric governance with emphasis on grievance redressal innovations through e-Governance.
• The sanction was accorded in pursuance of Entry 15 of the Second Schedule of Transaction of
Business of the Government of Union territory of Jammu and Kashmir Rules.
• It will also deal with J&K Integrated Grievance Redress and Monitoring System (JK-GRAMS);
Monitoring disposal of grievances by Administrative Departments and subordinate offices;
Grievance Redressal Quality Monitoring and monitoring of redressal of grievances received on social
media.
Note: LGs Grievance Cell shall be subsumed in the Department of Public Grievances, and Staff provided in the
LG’s Grievance Cell by the General Administration Department shall work in the new Department till posting of
permanent staff. Requiremnet of staff shall be met through internal adjustment and there shall be no fresh
creation of posts in this regard.
IRDAI appointed Tata AIG General Insurance as Lead insurer for Maharashtra
On 13th July 2023, The Insurance Regulatory and Development Authority of India (IRDAI) selected Tata AIG
General Insurance Company Limited as the lead non-life insurer for the State of Maharashtra to

collaborate with all other non-life and health insurance companies to increase insurance penetration in
Maharashtra in line with its vision “Insurance for all by 2047”.
• Under this collaboration,Tata AIG will leverage its expertise, technology, and partnerships to
develop innovative insurance products and services that cater to the evolving needs of the people of
Maharashtra.
Key features:
i. As the lead insurer, Tata AIG will also collaborate with the IRDAI and the Maharashtra Government to raise
awareness of existing government schemes, enhancing insurance reach and accessibility at the Gram Panchayat
(GP), district and state levels.
ii. The IRDAI has also identified key segments such as Motor Insurance, Health Insurance, Crop Insurance,
support of Ministry of Micro, Small & Medium Enterprises (MSMEs) and employment related insurance
solutions to drive overall insurance penetration in Maharashtra.
iii. Tata AIG will also assist in promoting the adoption of flagship government schemes such as Pradhan Mantri
Jan Arogya Yojana (PMJAY) in Maharashtra.
iv. The collaboration is to create a society, which is insured and aware of the list of coverage offered by their
insurance policy. Maharashtra, with a strong socio-economic profile, certainly requires exponential adoption of
insurance
About Tata AIG General Insurance Company Limited:
Tata AIG General Insurance Company Limited, a joint venture between the Tata Group and the American
International Group (AIG), started operations on January 22, 2001.
Chairman– Saurabh Agrawal
MD&CEO– Neelesh Garg
Headquarters– Mumbai, Maharashtra
Rajasthan Cabinet Introduced ‘Minimum Guaranteed Income Bill 2023’

On 18th July 2023, Rajasthan cabinet chaired by Chief Minister(CM) Ashok Gehlot introduced the Rajasthan
Minimum Guaranteed Income Bill, 2023 aimed to provide social security to individuals and households of
Rajasthan.
• The Bill focuses on 3 main areas such as Right to Minimum Guaranteed Income, Right to Guaranteed
Employment and Right to Guaranteed Social Security Pension.
These social security schemes were implemented by the Government of India’s United Progressive Alliance
(UPA) through Rights-based Laws such as Mahatma Gandhi National Rural Employment Guarantee Act
(MGNREGA), Right to Education (RTE) and Food Security Act.
Funding:
The government of Rajasthan provides social security pension to over 90 lakh beneficiaries at an annual
expenditure of about Rs 9,000 crore, while the Central Government is providing Rs 300 crore annually by
giving Rs 200/300 per month to 10 lakh persons in Rajasthan.
Right to Minimum Guaranteed Income:
i. Mahatma Gandhi Minimum Guaranteed Income Act Yojana or MGMGIY will be the name of the scheme, as the
Right to Minimum Guaranteed Income scheme brought under the MGMGIY act.
ii. The MGMGIY scheme states that eligible persons will receive a minimum guaranteed income through this
scheme, either by providing employment through the Indira Gandhi Urban Employment Guarantee Scheme
(IGUEGS) in urban areas and through Chief Minister Rural Employment Guarantee Scheme (CMREGS) in rural
areas.
iii. Alternatively, an eligible person may receive pension if they come under an eligible category of old
age/specially abled/widow/single woman.
Right to Guaranteed Employment:
i. Every adult person residing in the rural areas of Rajasthan shall have a right to get guaranteed employment
for at least additional 25 days per financial year.

ii. After completing the maximum days of work as prescribed by the MGNREGA, the persons are eligible to
receive minimum wages weekly or within a fortnight.
iii. In urban areas, every adult person of Rajasthan has the right to get guaranteed employment for doing
permissible work of at least 125 days per financial year and to receive minimum wages weekly or within a
fortnight.
iv. If the Programme Officer fails to provide employment within 15 days of receiving an application, the
applicant shall be eligible to receive an unemployment allowance from the Rajasthan government on a weekly
basis or within a fortnight.
Right to Guaranteed Social Security Pension:
i. The scheme ensures every person falling in the category of old age/specially abled/widow/single woman,
with prescribed eligibility, receives a pension.
ii. The pension includes an automatic increase of 15% annually on the base rate divided into 2 instalments of
5% in July and 10% in January of each financial year, starting from financial year 2024-2025.
iii. The implementation of this scheme is expected to result in an additional expenditure of Rs.2,500 crore per
year for the government, which may increase with time.
AP-Genco & NHPC to Form a Joint Venture for Implementing PSPHs in Andhra Pradesh
The Andhra Pradesh Power Generation Corporation (AP-Genco) and National Hydroelectric Power
Corporation Ltd. (NHPC) will form a Joint Venture (JV) for implementing Pumped Storage Hydropower Projects
(PSPHs) with a total generation capacity of 6,000 Megawatt (MW)in Andhra Pradesh.
• The 1st project will be a 1,350 MW (9×150 MW) PSHP at upper Sileru in GK Veedhi mandal of Alluri
Sitharama Raju (ASR) district.Upon completion , the combined installed hydropower capacity of the
Sileru basin will reach over 2,425 MW.
The companies are yet to sign the drafted agreement and the partners would have an equal (50:50) stake.
Note: AP-Genco aims to generate 33 Giga-Watt(GW) with 29 PSP projects in upcoming year. The PSPHs with a
total capacity of 11 GW are being handed over to private companies, and the remaining will be undertaken by
AP-Genco and some by National Thermal Power Corporation Limited (NTPC).
GOVT SCHEMES
CENTRAL GOVT SCHEMES
Govt Launches Scheme to Support Pregnant Minor Victims of Sexual Assault
Union Minister for Women and Child Development, Smriti Irani has launched a new scheme to address the
challenges faced by pregnant minor victims of sexual assault who lack family support. The “scheme for critical
care and support for accessing justice to rape/gang rape survivors or minor girls who get
pregnant” aims to provide essential assistance to these vulnerable individuals under Ministry of Women and
Child Development (MWCD).
• Under the initiative, medical and financial support will be provided through the Nirbhaya Fund.
• The budget of the proposal is Rs 74.10 crore. The allocated funds will also be used to establish
dedicated shelters for these victims.
• The scheme aims to provide an integrated support system under one roof, leveraging the
administrative structure of Mission Vatsalya in collaboration with state governments and Child
Care Institutions (CCIs).
Key Points:
i. The focus of the scheme is on offering shelter, food, daily necessities, safe transportation for court hearings,
and legal aid to those minor girls
ii. Depending on state governments’ discretion, the shelters may be standalone facilities or designated wards

within existing child care institutions (CCIs).
iii. The additional support, available in CCIs until the age of 18 and in after-care facilities until the age of 23,
demonstrates the government’s dedication to protecting and empowering vulnerable minors who have
experienced trauma.
Additional Info:
i. This initiative aligns with the establishment of 415 POCSO fast track courts across the country, reflecting the
government’s commitment to expedite justice for minor rape victims.
ii. Statistics from the National Crime Records Bureau (NCRB) reveal alarming numbers, with 51,863 cases
registered under the Protection of Children from Sexual Offences (POCSO) Act in 2021. Of these cases, 64%
(33,348 incidents) involved penetrative sexual assault and aggravated penetrative sexual assault, highlighting
the urgent need for comprehensive measures to protect and support minor victims.
About Ministry of Women and Child Development:
Union Minister – Smriti Zubin Irani (Constituency: Amethi, Uttar Pradesh)
Minister of State – Munjapara Mahendrabhai
STATE GOVT SCHEMES

Odisha Government launches Mo Jungle Jami Yojana for forest Dwellers
The Odisha Government launches ‘Mo Jungle Jami Yojana’ (My Forestland Scheme) with the aim to recognise
all rights under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights
Act)(FRA), 2006 in the next two years.
Key Points:
i.Under Mo Jungle Jami Yojana scheme, Forest Rights Cells will be constituted at the tehsil and district level for
the implementation of FRA, 2006.
ii. Mo Jungle Jami Yojana Scheme benefits all eligible tribal peoples, primarily single women and Particularly
Vulnerable Tribal Groups (PVTGs) get land titles and record corrections are made for 100% title holders.
FRA Act 2006:
The Forest Rights Act (FRA) of 2006 recognises the rights of forest living tribal communities and other
traditional forest dwellers to forest resources on which these communities depend for a range of requirements
such as livelihood, habitation, and other socio-cultural needs.
Rights of tribal people as per FRA:
Odisha is one of the leading States in implementation of FRA with distribution of 4.56 lakhs of individual forest
right (IFR) titles in the country as of July 2023.
• The Individual forest right (IFR) titles are given to the tribal individual for the land they have been
cultivating for generations.
• Community Forest Rights (CFR) allows tribal communities to use and manage forest resources to
achieve the objectives of conservation and regeneration.
Odisha’s Tribe profile:
i.Odisha is ranked third in terms of tribal population(9,590,756) as per the 2011 census. Odisha houses around
62 types of tribes including 13 PVTGs.
ii.Tribal population of Odisha consititutes about 22.85% of its total population, residing in 53,845 villages of
which 32,562 villages are FRA potential villages.
• Odisha’s estimated potential forest area over which forest rights can be recognised is 35,739 square
kilometres.
About Odisha:
Chief Minister- Naveen Patnaik
Governor – Ganeshi Lal
wildlife sanctuaries – Debrigarh Wildlife Sanctuary, Hadagarh Wildlife Sanctuary, Sunabeda Wildlife
Sanctuary

TN Police launched “Pengal Pathukaaptu Thittam” for Women Traveling Alone at Night
Tamil Nadu (TN) Police launched a new scheme “Pengal Pathukaaptu Thittam” (Women safety scheme) to
ensure the safety of the women travelling alone at night (between 10 pm and 7 am).
• Under this scheme, the women travelling alone can avail of free drop facility in a patrol vehicle in
case they feel unsafe.
• The women can use the helpline 1091, 112, 044-23452365 and 044-28447701 to avail the police
patrol vehicle.
The scheme will be in operation on all day of the week.
Odisha CM Launches ‘Ama Pokhari’ to Rejuvenate Water Bodies

On 6th July 2023, Odisha Chief Minister(CM) Naveen Patnaik launched ‘Ama Pokhari’ scheme, which aims to
rejuvenate 2,000 large water bodies in 115 urban local bodies at Lokseva Bhawan in Bhubaneswar, Odisha.
• The ‘Ama Pokhari’ scheme is implemented at a cost of Rs 120 crore.
• The renovation and maintenance of the water bodies will be done in collaboration with members of
Mission Shakti Women Self Help Groups (WSHGs).
Note – During the event, Odisha CM felicitated Anand Malligavad, known as the ‘lake man’ of India.
Objectives of the Scheme:
• Address water scarcity in a natural and sustainable manner.
• Ensure the availability of clean water for communities.
• The project developed for recreation of citizens helps in getting an aesthetic appeal and to improve
the climate of the coastal and surrounding areas by strengthening the ecological fabric.
About Odisha:
Capital- Bhubaneswar
Governor – Prof. Ganeshi Lal
Folk dance- Bhaagha Naacha, Goti Pua, Ghumura, Chhau.
Wildlife sanctuary- Debrigarh Wildlife Sanctuary, Chilika Wildlife Sanctuary.
Gujarat launches revamped PMJAY-MA scheme with Rs 10 lakh health cover

On 11th July 2023, Government of Gujarat launched the revamped Pradhan Mantri Jan Arogya Yojana-
Mukhyamantri Amrutam (PMJAY-MA) scheme, under which people can avail free medical treatment up to Rs
10 lakh, a twofold rise from the previous limit of Rs 5 lakh.
• The revamped scheme was officially launched by Rushikesh Patel, Minister of Health and Family
Welfare of Gujarat in the presence of Gujarat Health Department officials.
Background:
During the State Budget presented in February 2023, Kanubhai Desai, Minister of Finance of Gujarat,
announced the doubling of insurance cover under PMJAY-MA scheme from Rs 10 lakh from Rs 5 lakh.
Key Points:
i.The New revamped PMJAY-MA Scheme benefits around 1.78 crore Ayushman Bharat cardholders in Gujarat
to afford high cost medical facilities.
ii.Under the PMJAY-MA, 2027 state-run hospitals, 803 private hospitals, and 18 Central government facilities in
the state are permitted to offer treatment or perform operations, and 2471 types of treatments and surgeries
are available to card users in these hospitals.
Note:
PMJAY is popularly known as Ayushman Bharat, MA stands for the state government’s Mukhyamantri Amrutam
(MA) scheme, which was merged with the central health scheme.
About MA Yojana:
i.The Mukhyamantri Amrutum Yojana, launched on 4th September 2012, is a tertiary care scheme for Below
Poverty Line (BPL) population of Gujarat.

ii.The scheme was initially launched with an insurance cover of Rs 2 lakhs.
About Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (PMJAY):
i.PMJAY, the world’s largest health assurance scheme, aims to provide poor and vulnerable families with a
health cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalisation.
• It was launched by Prime Minister (PM) Narendra Modi on 23rd September 2018 in Ranchi,
Jharkhand.
ii.Ayushman Bharat has two components, Health and Wellness Centres (HWCs) and Pradhan Mantri Jan Arogya
Yojana (PM-JAY).
About Gujarat:
Chief Minister- Bhupendra Rajnikant Patel
Wildlife Sanctuaries – Hingolgadh Nature Education Sanctuary, Rampara Wildlife Sanctuary
Chhattisgarh CM Bhupesh Baghel launches Gramin Awas Nyay Yojana

On 19 July 2023, During the announcement of Rs.1,764 crore worth benefits for various segments of
government employees, Chief Minister (CM) Bhupesh Baghel introduced the ‘Nyay Yojana,’ a housing scheme
aimed at providing homes to rural homeless individuals in Chhattisgarh.
• The scheme will be fully sponsored by State Government of Chhattisgarh by allocating Rs.100 crore
in budget.
About Gramin Awas Nyay Yojana:
The scheme is the outcome of the survey conducted by Panchayat and Rural Development Department under
Government Of Chhattisgarh. The survey pointed out that
• This will help families which are encountering challenges in obtaining housing approval due to the
eligibility criteria for the Pradhan Mantri Awas Yojana which is based on Socio-Economic Survey
2011 (officially known as Socio Economic and Caste Census – SECC 2011).
• The number of beneficiaries are around 8 lakhs.
About Socio-Economic Caste Census (SECC) 2011
It is the first-ever census that generated data covering households in both rural and urban areas. SECC 2011 is
also the first paperless census in India which was conducted on hand-held electronic devices by the
Government of India.
• The data is being used to identify beneficiaries and expand the direct benefit transfer
scheme.
• The Ministry of Rural Development commenced the Socio-Economic and Caste Census (SECC) in
June 2011 and the results of SECC 2011 were released by the government in July 2015.
SECC 2011 included the following three components of the census:
1. Rural census: It was conducted by the Ministry of rural development.
2. Urban census: It was conducted by the Ministry of Housing and Urban Poverty Alleviation.
3. Caste census: It was conducted by the Ministry of Home Affairs- Registrar General and Census
Commissioner of India.
About Chhattisgarh:
Chief Minister – Bhupesh Baghel
Governor – Biswabhusan Harichandan
Capital – Raipur, Chhattisgarh
Karnataka Launches Gruha Lakshmi Scheme for Women Supporting Households

On 19th July 2023, Karnataka Chief Minister Siddaramaiah launched the registration for Gruha Lakshmi
scheme, which provides Rs 2,000 monthly assistance to the woman head of the households.

• The Scheme will benefit around 1.28 crore families in Karnataka and the cash benefit of Rs 2,000
will be transferred through Direct Benefit Transfer (DBT).
• The Gruha Lakshmi scheme will be implemented from August 15, 2023
Background:
i.This was one of the poll promises by the newly elected Siddaramaiah led Congress government in the election
manifesto of the 2023 Karnataka general Assembly Election.
ii.On 7th July 2023, the Karnataka Government allocated an amount of Rs 24,166 crore for the Gruha Lakshmi
scheme for 2023-24 fiscal year.
Eligibility:
i.The eligibility criteria to enrol in the Scheme for the women whose names appear as the head of the family on
Antyodaya, Below Poverty Line (BPL), and Above Poverty Line (APL) cards.
ii.Those women or their husbands who pay income tax or GST are not eligible under the scheme.
iii.Only one woman in a family can be the beneficiary of this scheme and the woman must not be a government
employee.
Registration for the Scheme:
i.Registration for the Gruha Lakshmi scheme can be done both online and offline.
ii.The beneficiaries may also register for this Scheme through common service centres such as Karnataka-1,
Bengaluru-1, Grama-1 or Bapuji Seva Kendra centres
iv.Eligible women can get themselves registered online by visiting the official portal of Seva Sindhu Guarantee
scheme.
iii.Documents required for Gruha Lakshmi Scheme:
• BPL Card/APL Card/ Antyodaya Card
• Bank-linked Aadhaar card
• Bank details
• Aadhaar-linked phone number
Recently launched New Schemes in Karnataka:
During the Budget presentation for the 2023-24 fiscal year, the Karnataka Government allocated around Rs
52,000 crore to their five main poll promises including for the Gruha Lakshmi scheme.
i.Under the Anna Bhagya scheme, every individual from a BPL family and and ‘Antyodaya’ households
receives 10 kg of free rice every month.
ii.Yuva Nidhi scheme provides a two-year payment of Rs 3,000 per month for unemployed graduates and Rs
1,500 per month for unemployed diploma holders.
iii.The Uchita Prayana scheme provides free bus travel to all women across the state.
iv.The Gruha Jyothi scheme launched to provide 200 units of free electricity.
About Karnataka:
Chief Minister – Siddaramaiah
Governor – Thaawar Chand Gehlot
Wildlife Sanctuaries – Bhimgad Wildlife Sanctuary, Mookambika Wildlife Sanctuary, Sharavathi Valley
Wildlife Sanctuary
DAHD implemented Credit Guarantee Scheme under AHIDF for Livestock Sector
On July 20, 203, the Department of Animal Husbandry & Dairying (DAHD), Ministry of Fishries, Animal
Husbandry and Dairying(MoFAH&D), has launched the first ever Credit Guarantee Scheme for Livestock sector.
• The scheme under the Animal Husbandry Infrastructure Development Fund (AHIDF) aims to
strengthen the credit delivery system and ensure smooth access to collateral-free credit for Micro,
Small & Medium Enterprises (MSMEs) in the Livestock sector.
To make the scheme operational, DAHD has set up a Credit Guarantee Fund Trust worth Rs. 750 crores which
will offer credit guarantee coverage of up to 25% for the credit facilities extended to MSMEs by eligible lending
institutions.

Key Objective of Scheme:
The lender should give importance to project viability and secure the credit facility purely on the basis primary
security of the assets financed.
Key Features:
i.Interest Subvention of 3%
ii.Loan up to 90% of the total project cost from any Scheduled Bank, National Cooperative Development
Corporation (NCDC).
iii.This scheme aims to facilitates finance access for underserved livestock sectors, benefiting first-generation
entrepreneurs and underprivileged individuals without collateral security. It is expected to boost MSME
participation in the livestock sector, increasing credit flow and strengthening rural economies,
About Credit Guarantee fund Trust:
In March 2021, DAHD has formed this trust with NABSanrakshan Trustee Company Private Limited, a
wholly owned subsidiary of NABARD (National Bank For Agriculture And Rural Development) for extending
the credit guarantee to MSMEs under Rs 15000 crores AHIDF scheme.
• It is India’s first ever fund trust under Credit guarantee scheme of AHIDF in the agriculture and
Animal Husbandry sector
It incentivizes investments by individual entrepreneurs, private companies, MSMEs, Farmers Producers
Organizations (FPOs) and Section 8 companies to establish the following:
• Dairy processing and value addition infrastructure
• Meat processing and value addition infrastructure
• Animal Feed Plant
• Breed Improvement technology and Breed Multiplication Farm
• Animal Waste to Wealth Management (Agri Waste Management)
• Setting up of Veterinary Vaccine and Drugs Manufacturing facilities.
Govt extends Atal Beemit Vyakti Kalyan Yojana for 2 Years upto June 2024
The Ministry of Labour and Employment, Government of India, has extended the Atal Beemit Vyakti Kalyan
Yojana(ABVKY), an unemployment relief scheme, under the Employees’ State Insurance Corporation (ESIC) for
two years upto 30th June 2024.
• According to the gazette notification, the scheme has been extended for a period 1st July 2022 to
30th June 2024 with relaxed eligibility conditions and enhanced rate of relief.
• This is the third extension since its inception. Previously, the scheme was extended twice from 1st
July 2020 to 30th June 2021 and from 1st July 2021 to 30th June 2022 to provide relief to those
Insured Persons (IPs) who became unemployed during the COVID-19 pandemic.
About Atal Beemit Vyakti Kalyan Yojana:
i.On 1st July 2018, the Employees’ State Insurance Corporation (ESIC) launched Atal Beemit Vyakti Kalyan
Yojana (ABVKY) scheme (on pilot basis) under the Section 2(9) of Employees’ State Insurance (ESI) Act, 1948.
The Scheme aims to provide relief to the Insured Persons (IPs) who have become unemployed (Tenure: 2
years)
• It was decided to enhance the rate of unemployment relief under the scheme to 50% of wages from
earlier rate of 25% along with relaxation in eligibility conditions with effect from 24th March 2020.
• The waiting period to file the claim was reduced from 90 days to 30 days.
• IPs are required to have been in insurable employment for at least two years and have contributed
for a minimum of 78 days in the contribution period immediately preceding their unemployment.
• They must have contributed for at least 78 days in one of the remaining three contribution periods
within the two years prior to their unemployment.
Additional Info:
Between July 1, 2018 and December 12, 2022 a total of 66,013 employees have availed the unemployment
benefits under the Atal Beemit Vyakti Kalyan Yojana, with a disbursement of Rs 87.83 crores.

INTERNATIONAL AFFAIRS
United States of America Rejoins UNESCO after 5 years
The United States of America (USA) re-joined as a member of the United Nations Educational, Scientific and
Cultural Organization (UNESCO) after 5 years.
On 30th June 2023, the 193 member states of UNESCO met for an extraordinary session to examine the
proposal of the USA to rejoin UNESCO as early as July 2023, on the basis of a concrete financial plan, which
includes a commitment to repay its estimated arrears of USD 619 million. During the meet, 132 voted in favour,
10 voted against.
• USA’s decision to rejoin UNESCO was motivated by concern, over China’s influence in setting
standards for Artificial Intelligence (AI) and technology apprenticeship around the world.
Note:
In 2017, the USA, during the presidency of Donald Trump, decided to withdraw from UNESCO.
The Joe Biden administration has already requested USD 150 million for the 2024 budget to go toward UNESCO
dues and arrears.
FAO, UNEP, WHO & WOAH launched One Health Priority Research Agenda for AMR
On 28th June 2023, Food and Agriculture Organization of the United Nations (FAO), United Nations
Environment Programme (UNEP), the World Health Organization (WHO) and the World Organisation for
Animal Health (WOAH) , “the Quadripartite organisations”, launched “A One Health Priority Research Agenda
for Antimicrobial Resistance (AMR)” through a webinar. The Research agenda aims to promote increased
research and investment in AMR.
One Health Priority Research Agenda on AMR:
i.The agenda defines ‘One Health’ as an integrated, unifying approach that aims to sustainably balance and
optimise the health of people, animals and ecosystems.
ii.It aims to guide a variety of stakeholders in generating new evidence to address antimicrobial resistance,
with a focus on low- and middle-income countries.
iii.The concept acknowledges the health of humans, domestic and wild animals, plants, and the larger
environment, including ecosystems, are inextricably linked and interdependent.
5 Key Pillars:
The global experts have identified five key pillars as well as three cross-cutting themes, namely gender,
vulnerable populations, and sustainability using a mixed Method approach.
The 5 key pillars are,
i.Transmission: This pillar focuses on the environment, plant, animal, and human sectors where AMR
transmission, circulation and spread occur.
ii.Integrated surveillance: This pillar aims to identify cross-cutting priority research questions in order to
improve common technical understanding and information exchange among One Health stakeholders.
iii.Interventions: This pillar focuses on programmes, practises, tools, and activities aimed at preventing,
containing, or reducing the incidence, prevalence, and spread of AMR.
iv.Behavioural insights and change:It focuses on research addressing human behaviour that affects AMR,
including ways to combat it.
v.Economics and policy: This pillar addressed investment and action in AMR prevention and control.
Additional info:
On June 22, 2023 WHO launched a global research agenda for AMR in human health which prioritises 40
research topics for and guide stakeholders to generate evidence to address antimicrobial resistance and to
collaborate across sectors by 2030 on low- and middle-income countries(LMICs).

About United Nation’s:
Secretary-General- António Guterres
Headquarters- New York, United States of America(USA)
Established- 1945
MEA: India joins Champions Group of Global Crisis Response Group

On 7th July 2023, the Ministry of External Affairs (MEA) announced that India has joined the champions group
of the Global Crisis Response Group (GCRG) at the invitation of Antonio Guterres, United Nations (UN)
Secretary General (SG), to Narendra Modi, Prime Minister (PM) of India.
• Sanjay Verma, Secretary (West), MEA has been
designated as Sherpa to the GCRG process.
Note: On 7th July 2023, the sherpas of GCRG convened a virtual
meeting and the meeting of the Champions Group is scheduled for
21st July 2023.
Key Points:
i. The decision to join the Group reflects India’s increasing global
leadership and commitment addressing contemporary global
challenges.
ii. India’s participation will further improve the efforts of the UN in locating result-oriented solutions on
developmental issues that impact the world, particularly developing countries.
Global Crisis Response Group (GCRG):
i. The GCRG was set up by the UN SG in March 2022 to direct urgent and critical global issues pertaining to
interlinked crises in food security, energy, and finance and to coordinate a global response.
ii. The 32-member Group ensures high-level political leadership to get ahead of the immense inter-connected
challenges of food security, energy, and financing, and implement a coordinated global response to the ongoing
crises.
iii. Chair of the GCRG will be the UN SG António Guterres.
About Champions Group of GCRG:
The GCRG is supervised by the Champions Group composed of Heads of States (HOS)/ Heads of Governments
(HOG) of Bangladesh, Barbados, Denmark, Germany, Indonesia and Senegal.
United Nations IMO adopts strategy to reduce GHG Emissions from Ships
On 7th July 2023, the United Nations(UN) International Maritime Organisation (IMO) adopted the 2023 IMO
Strategy at the Marine Environment Protection Committee (MEPC) on Reduction of Greenhouse gases (GHG)
Emissions from Ships, with enhanced targets to tackle harmful emissions.
• The revised IMO GHG Strategy aims to reach net-zero GHG emissions from international shipping
close to 2050.
• IMO has also established a goal to adopt technologies, fuels, and energy sources with zero
greenhouse gas (GHG) emissions, aiming for a minimum adoption rate of 5% and striving for for a
higher adoption rate of 10% by the year 2030.
MEPC’s 80th session was held at the IMO headquarters in London United Kingdom(UK) from July 3rd -7th of
2023.
Indicative checkpoints:
Maritime countries, including India have agreed on indicative checkpoints of reducing emissions by at least
20%, striving for 30%, by 2030 compared to 2008 levels and at least 70%, striving for 80%, by 2040, reaching
net-zero around 2050 depending on national circumstances.
Levels of ambition directing the 2023 IMO GHG Strategy:
i.carbon intensity of the ship to decline through further improvement of the energy efficiency for new ships
ii.The goal is for the carbon intensity of international shipping to decline, aiming to reduce CO2 emissions per

unit of transport work.
iii.uptake of zero or near-zero GHG emission technologies, fuels and/or energy sources to increase
iv.GHG emissions from international shipping to reach net zero
About International Maritime Organisation (IMO):
Secretary-General- Kitack Lim
Headquarters- London, United Kingdom
Established- 1958
Saudi Arabia Becomes 51st Nation to sign TAC

On 12th July 2023, Saudi Arabia signed the Treaty of Amity and Cooperation in Southeast Asia(TAC) with the
Association of Southeast Asian Nations (ASEAN) at the 56th ASEAN Foreign Ministers’ Meeting (AMM) in
Jakarta, Indonesia.
• Saudi Arabia became the 51st nation to agree to the
TAC and It was signed by Saudi Arabian Foreign
Minister(FM) Prince Faisal bin Farhan Al Saud.
About Treaty of Amity and Cooperation (TAC):
i.The TAC is a peace treaty signed by ASEAN nations in 1976 to
establish a set of norms to manage regional inter-state
interactions based on mutual respect for sovereignty, territorial
integrity, and national identity.
• It is a legally enforceable code for regional and global
inter-state relations.
ii.The Treaty has been revised three times, in 1987, 1998, and 2010, to allow states outside Southeast Asia, as
well as regional bodies whose members are sovereign states, to join.
Priorities of TAC:
i.Mutual respect for all nations’ independence, sovereignty, equality, territorial integrity, and national identity.
ii.Every state has the right to live its national existence free of external intervention, subversion, and force.
iii.Non-interference in the internal affairs of one another.
iv.Disagreements or conflicts should be resolved peacefully, with no threats or use of force.
Note:
• The countries acceded to TAC includes, India and China in 2003, the United States of America(USA)
and European Union (EU) in 2009.
• Ukraine had signed TAC in 2022 as the 50th member nation.
ASEAN Foreign Ministers’ Meeting (AMM):
i.The 56th AMM was held on 11-12 July 2023 in Jakarta, Republic of Indonesia. The Meeting was chaired by
Indonesia under the theme “ASEAN Matters: Epicentrum of Growth”.
ii.The AMM was formed by the ASEAN Declaration (Bangkok Declaration) in 1967, is responsible for ASEAN’s
political-security cooperation as well as ASEAN’s interactions with external parties.
iii.The 10 ASEAN member countries are Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei
Darussalam, Viet Nam, Lao People’s Democratic Republic(PDR), Myanmar, and Cambodia.
About Association of Southeast Asian Nations (ASEAN):
Secretary General – Dr Kao Kim Hourn
Established – 1967
Headquarters – Jakarta, Indonesia

Adani Group Commissioned India’s First Transnational Power Project to Bangladesh
On 15th July 2023, Adani Group commenced the full load power supply to Bangladesh from the Adani group’s
Ultra Super-Critical Thermal Power Plant (USCTPP) in Godda, Jharkhand. This is India’s first commissioned
transnational power project where 100% of the generated power is supplied to another nation.
• Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister (PM) Sheikh Hasina in
Dhaka, Bangladesh on full load commencement and handover of the 1600 MW USCTPP.
• The Godda USCTPP, marks the entry of Adani Group’s into transnational power projects. Adani
Power Jharkhand Ltd. (APJL), a wholly-owned subsidiary of Adani Power Ltd, will supply 100% of
the generated electricity from the plant to another nation.
Key Features:
i. The USCTPP’s commissioned in a record time of 42 months, including the establishment of a 105 kilometre
(Km)-long 400 kV Double Circuit Transmission Line, the construction of a private railway line, and the
implementation of an extensive water pipeline from the Ganges.
ii. In India, the Godda power plant is the to have started operations with 100%flue gas desulphurization (FGD),
selective catalytic re-converter (SCR) and zero water discharge for minimizing emissions, aligning with the
norms set by the Ministry of Environment, Forests, and Climate Change (MoEF&CC) of the Government of India
(GOI).
About Adani Group:
Established in- 1988
Chairman – Gautam Adani
MD- Rajesh Adani
Headquarters- Ahmedabad, Gujarat
World Humanitarian Drive got special status from the UN for global education
The World Humanitarian Drive (WHD), an international Non-governmental organization (NGO), which
promotes international education and trade, has been granted special consultative status by United
Nations (UN)’s Economic and Social Council (ECOSOC).
With this ECOSOC status, WHD will be authorised to interact actively with its subsidiary bodies, the Human
Rights Council, certain UN General Assembly (UNGA) sessions, other intergovernmental bodies, and the UN
Secretariat.
Key facilities:
i. The special consultative status will provide WHD with the privilege to access UN’s meetings, provide written
and oral statements to ECOSOC.
ii. WHD can use UN facilities including submitting a quadrennial (occurring every 4 years) report on the
activities of the organisation, in support of the work of ECOSOC and the UN at a recently concluded meeting
held in UN in June 2023.
United Nations Economic and Social Council (ECOSOC):
i. ECOSOC is the highest status granted to a NGO, which allows them to facilitate with the United Nations.
ii. The status is granted to NGO’s, which have special capability and are concerned specifically with only a few
of the fields of activity covered by the ECOSOC.
iii. ECOSOC has 54 member states, which are elected by the UNGA extend over 3 years of term.
About World Humanitarian Drive (WHD):
It is an International NGO with operations in 12 countries, founded in Croydon, UK.
The primary vision of WHD is to promote Peace, Education and Trade Harmony initiatives globally.
WHD also promotes key initiatives between India and the United Kingdom (UK).
Founder & Chairman- Dr Abdul Basit Syed, British Indian Global Peace activist, Entrepreneur, Writer.
Headquarters- London, the United Kingdom (UK)

UAE Becomes 1st Arab Country to Get Observer Status at Asia/Pacific Group on Money
Laundering
The United Arab Emirates (UAE) has become the first Arab country to be granted observer status of the Asia-
Pacific Group on Money Laundering (APG), the largest Financial Action Task Force-style regional body (FSRB)
in the world. The decision was made at the APG’s 2023 Annual Meeting and Technical Assistance and Training
Forum held in Vancouver, British Columbia, Canada from 9-14 July 2023.
The meeting was attended by a UAE delegation led by Hamid Al Zaabi, Director-General of the Executive Office
of Anti-Money Laundering and Counter-Terrorism Financing (EO AML/CTF).
About APG plenary Meeting:
The meeting was co-chaired by Associate Assistant Deputy Minister of Finance Julien Brazeau of Canada’s
Department of Finance and Deputy Commissioner Ian McCartney of the Australian Federal Police.
Key Outcomes of the meeting:
1. During the meeting, Tuvalu was admitted as the newest APG member. With this, APG now has 41
active members.
2. During the meeting, along with UAE, Kazakhstan was also admitted as the APG observers. With the
UAE and Kazakhstan, APG now has 9 observer jurisdictions.
Key points:
i. The UAE was named to the Financial Action Task Force list in 2022. The list denotes countries that are
working to address “strategic deficiencies” with regard to money laundering and illicit financing, which the UAE
has displayed via its participation in Middle East and North Africa Financial Action Task Force (MENAFATF).
ii. The APG’s 2023 Annual Meeting and Technical Assistance and Training Forum was also attended by some
major organisations like International Monetary Fund, World Bank, The Asian Development Bank etc.,
About Asia-Pacific Group on Money Laundering (APG):
Founded in– 1997
Executive Secretary– Dr Gordon Hook
Members– 41 active members
Headquarters– Sydney, Australia
Italy unveils memorial to honour Indian Army Soldiers who fought in World War-II
On 22nd July 2023, the Commune of Monotone, Italy and the Italain Military historians unveiled
the V.C Yeshwant Ghadge Sundial Memorial at Montone, Perugia, Italy, as a tribute to the Indian soldiers
from the 4th, 8th and 10th Divisions, who fought in the Italian Campaign, during the Second World War (WW-
II) (1939-1945).
• The memorial also honoured the supreme sacrifices of Indian Soldier, Naik Yeshwant Ghadge,
Victoria Cross (VC) recipient (posthumous), who was killed during the fighting in the of Upper Tiber
Valley, Italy on 10th July 1944.
• The memorial is in the form of a live sundial. The motto of the memorial is “Omines Sub Eodem
Sole”, which translates in English as “We all live under the same sun”.
• Ambassador and Mayor of Montone inaugurated the Yashwant Gharge Memorial and Dr Neena
Malhotra, Ambassador of India in Italy and the Indian Defence Attaché represented India during the
ceremony.
• A special post card was also released during the event.
Note: Out of the 20 VC awarded in Italy, 6 were won by Indian soldiers.

VISITS
INDIAN VISITS
Highlights of Sri Lankan President Ranil Wickremesinghe’s Visit to India from 20- 21st July
2023
Sri Lankan President Ranil Wickremesinghe made an official two-day visit to India from 20- 21st July 2023. He
was welcomed by Union Minister of State (MoS) for External Affairs V Muraleedharan. This marks
Wickremesinghe’s first trip to India since he was elected president of Sri Lanka in July 2022.
• The visit takes place as both countries celebrate
the 75th anniversary of the establishment of diplomatic
relations in 2023.
During the visit, Wickremesinghe met Indian External Affairs
Minister S. Jaishankar, National Security Advisor Ajit Doval, Adani
Group chairman Gautam Adani and President of India Draupadi
Murmu.
Note: Sri Lanka is an important partner in India’s “Neighbourhood
First” policy and SAGAR (Security and Growth for All in the Region)
vision.
India’s Financial Assistance
In 2022, Sri Lanka was hit by a financial crisis due to a severe paucity (insufficiency) of foreign exchange
reserves.
• India extended emergency financial support of about USD ($) 4 billion, providing for fuel and
essential items.
• India also helped Colombo secure a nearly $3-billion package from the International Monetary Fund
(IMF).
Important MoU’s exchanged between India and Sri Lanka:
• Joint Declaration of Intent (JDI) in the field of Animal Husbandry and Dairying
• MoU on cooperation in the field of renewable energy.
• Memorandum of Cooperation for economic development projects in Trincomalee district of Sri
Lanka.
• Network to Network Agreement between NPCI International Payments Limited (NIPL)and Lanka
Pay for UPI application acceptance in Sri Lanka
• Energy Permit for Sampur Solar Power Project.
India & Sri Lanka have Adopted Vision Document to Boost Economic Partnership
India and Sri Lanka adopted a vision document titled, “Promoting Connectivity, Catalysing Prosperity” that
would strengthen maritime, air, energy and people-to-people connectivity to boost the economic partnership
between India and Sri Lanka.
• The vision is to accelerate mutual cooperation in tourism, electricity, business, higher education, and
skill development.
The vision document is based on five pillars
1.Maritime connectivity:
i.It outlines cooperation in the development of ports and logistics at Colombo, Trincomalee and
Kankesanthurai, with an aim to consolidate regional logistics and shipping.
ii.It also talks of the resumption of passenger ferry services between Nagapattinam in India and
Kankesanthurai in Sri Lanka besides working towards early resumption of ferry services between
Rameshwaram and Talaimannar.

2.Air connectivity:
Expansion of flights between Chennai and Colombo, besides exploring connectivity between Chennai and
Trincomalee, Batticaloa and other destinations in Sri Lanka.
3.Energy and power connectivity:
i.MoU on renewable energy for Sri Lanka to achieve 70% power from renewables by 2030.
ii.Establishment of high-capacity power grid interconnection to enable electricity trade including those of the
BBIN (Bangladesh, Bhutan, India, Nepal) initiative.
iii.Accelerate Sampur Solar power project and Liquefied Natural Gas (LNG) infrastructure to explore green
hydrogen.
iv.Ongoing cooperation in Trincomalee Tank Farms for the development of industry, energy, and economic
activity.
v.Joint construction of a petroleum pipeline from India.
vi.Collaborative hydrocarbon exploration in offshore basins.
4.People-to-People connectivity:
The two countries also plan “to promote awareness and popularize India’s Buddhist circuit, and Ramayana trail
as well as ancient places of Buddhist, Hindu and other religious worship in Sri Lanka for enhancing tourism”,
5.Agreement on Acceptance of UPI in Sri Lanka:
On 21st July 2023, Indian Prime Minister (PM) Narendra Modi and Sri Lanka President Ranil Wickremesinghe
signed a network-to-network agreement on the acceptance of UPI in Sri Lanka which will increase Fintech
connectivity.
• The agreement was signed between NIPL and Lanka Pay which allows Sri Lankan citizens to use
UPI-based payment systems for various transactions, promoting seamless and efficient cross-border
payments.
Prior to Sri Lanka, India’s UPI service has been adopted by Singapore, the United Arab Emirates (UAE), Nepal,
Bhutan and France.
About Unified Payments Interface (UPI):
i.UPI is an instant real-time payment system developed by the National Payments Corporation of India (NPCI)
which makes swift payments using a Virtual Payment Address (VPA) created by the customer.
ii.It facilitates inter-bank peer-to-peer and person-to-merchant transactions.
About Sri Lanka:
Prime minister- Dinesh Gunawardena
Capital- Colombo (executive and judicial capital); Sri Jayawardenepura Kotte (legislative capital)
Currency- Sri Lankan Rupee
Overview of PM Narendra Modi’s Visit to Rajasthan and Gujarat

On 27th – 28th July 2023, Prime Minister(PM) of India, Narendra Modi was on a two day visit to Rajasthan and
Gujarat to inaugurate and launch various new initiatives and events.
PM Modi visit to Rajasthan:
On 27th July 2023, during his visit to Rajasthan, PM Modi laid the
foundation stone of medical colleges in Rajasthan and dedicated
various development projects to the nation.
Release of 14th instalment of PM-KISAN:
i.He released the 14th instalment of the Pradhan Mantri Kisan
Samman Nidhi (PM-Kisan) scheme worth over Rs 17,000 crore to
more than 8.5 crores farmers.
ii.The PM-Kisan Scheme was started on February 24th, 2019 to
supplement the financial requirements of all land-holding farmers
who meet specified income exclusion conditions.

iii.Financial benefit of Rs 6000 per year in three equal instalments in every four months is transferred into the
bank accounts of farmers through Direct Benefit Transfer (DBT) mode.
Launch of Urea Gold – Sulphur Coated Urea:
i.He also launched ‘Urea Gold’, a new variety of Urea coated with Sulphur to address sulphur deficiencies in
the soil.
ii.This new fertiliser is more cost-effective and efficient than Neem-Coated Urea, resulting in increased nitrogen
use efficiency, lower consumption, and improved crop quality.
Launch of 1,600 FPOs On-boarded on ONDC:
i.He also launched the onboarding of 1600 Farmer Producer Organisations (FPOs) on the Open Network for
Digital Commerce (ONDC).
ii.The FPO initiative was launched in February 2020 with a total budget of Rs 6,865 Crore to set up 10,000 new
FPOs within 2025.
iii.ONDC empowers FPOs with direct access to digital marketing, online payment, business-to-business (B2B)
and business-to-consumer (B2C)transactions, and encourages local value addition, catalysing growth of
logistics in rural areas.
Dedicating 1.25 lakh PMKSKs to the nation:
i.PM Modi dedicated 1.25 lakh PM Kisan Samriddhi Kendras to the farmers. Under this scheme, the retail
fertilizer shops converted into PMKSK in a phased manner.
ii.PMKSKs will cater to a wide variety of needs of the farmers and provide agricultural inputs (fertilizers, seeds,
implements), testing facilities for soil, seeds, and fertilizers.
iii.PMKSK also generates awareness among farmers, provides information regarding various government
schemes and ensures regular capacity building of retailers at block/district level outlets.
Inauguration of 5 Medical Colleges and Laying of foundation stone for 7 Medical colleges:
i.PM Modi inaugurated 5 Medical Colleges at Chittorgarh, Dholpur, Sirohi, Sikar, and Sri Ganganagar.
• These 5 new medical colleges were developed at a cumulative cost of more than Rs 1400 crore.
ii.He also laid the foundation stone for the 7 new medical colleges at Jhunjhunu, Baran, Bundi, Karauli, Sawai
Madhopur, Tonk and Jaisalmer.
• These 7 medical colleges will be built at a cumulative cost of Rs 2275 crore.
• These medical colleges are being established under the Centrally Sponsored Scheme for
“Establishment of new medical colleges attached with existing district/ referral hospitals.
iii.With these new medical colleges, the number of medical colleges in the State has grown from 10 in 2010 to
35, which is a 250% increase.
iv.The 12 new medical colleges will increase the number of MBBS(Bachelor of Medicine, Bachelor of Surgery)
seats in Rajasthan to 6275 seats from 1750 seats in 2013-14, which would be a 258% increase.
v.The new airport in Rajkot will contribute not only towards the development of the local automobile industry
of Rajkot but will also encourage trade, tourism, education and industrial sectors throughout Gujarat.
Inauguration of 6 Eklavya Model Residential Schools and One Kendriya Vidyalaya:
i.He inaugurated 6 Eklavya Model Residential schools in districts of Udaipur(2), Banswara(2), Partapgarh(1)
and Dungarpur(1) in Rajasthan.
ii.EMRS was founded in 1997-98 to provide quality education to ST children in remote places, allowing them to
pursue chances in further and professional education and gain jobs in a variety of fields.
PM Modi visit to Gujarat:
Inauguration of Gujarat’s first greenfield airport in Rajkot:
i.PM Modi inaugurated Gujarat’s first greenfield airport‘ Hirasar greenfield International airport’ in Hirasar,
Rajkot,Gujarat.
• The Airport will be the epitome of the local architectural heritage and will reflect the cultural glory
of art and dance forms of the Kathiawar region of Gujarat.
ii.It is located in Hirasar village around 30 km from Rajkot and is spread over an area of 1,500 acres and has
been developed at a cost of Rs 1,405 crore.

iii.It has a 3,040 metre (3.04 km)-long and 45-meter-wide runway, capable of accommodating 14 planes
simultaneously.
iv.The design of the terminal was inspired by Rajkot’s cultural vibrancy which would feature the art forms from
Lippan art to Dandiya dance.
v.The new airport in Rajkot will contribute not only towards the development of the local automobile industry
of Rajkot but will also encourage trade, tourism, education and industrial sectors throughout Gujarat.
Inauguration of SemiconIndia 2023 in Gandhinagar
On 28th July 2023, PM Narendra Modi inaugurated the 2nd edition of SemiconIndia 2023 conference
organised by India Semiconductor Mission at Mahatma Mandir in Gandhinagar, Gujarat.
• The Conference was held from 28th-30th July 2023 under the theme of ‘Catalysing India’s
Semiconductor Ecosystem’.
• It offers a platform to the participants to deliberate on various aspects shaping the semiconductor
ecosystem in India.
Objective of the conference:
i.It aims to bring together global leaders from industry, academia and research institutions.
ii.It also highlights India’s semiconductor strategy and policy, which aims to make the country a global hub for
semiconductor design, manufacture, and technological development.
Note:
Prior to the conference, SemiconIndia 2023 exhibition inaugurated by Gujarat Chief Minister(CM) Bhupendra
Patel in the presence of Union Minister of State for Electronics and Information and Technology Rajeev
Chandrasekhar on 25th July 2023.
Other notable inaugurations in Gujarat:
PM Modi dedicated multiple development projects worth over Rs 860 crores in Rajkot, Gujarat.
i.Sauni Yojana Link 3 Package 8 and 9 will help further strengthen irrigation facilities and provide drinking
water benefits for the Saurashtra region.
ii.The upgradation of Dwarka Rural Water Supply and Sanitation (RWSS), conservation, restoration &
development of Uparkot Fort Phase I & II, construction of a water treatment plant, sewage treatment plant, and
flyover bridge among others.
FOREIGN VISITS
External Affairs Minister S Jaishankar visited Tanzania officially for 4-days
Dr. S Jaishankar, External Affairs Minister (EAM) went on a four-day official visit to United Republic
of Tanzania from 5-8 July 2023.
EAM’s visit to Tanzania will further integrate the bilateral relations between the two nations.
Overview of EAM’s Visits:
i. On the 4 day visit, Jaishankar first visited a water supply project funded by line of credit from the Government
of India in Zanzibar, an island of Tanzania from 5th to 6th July 2023.
ii. He also attended a reception of Indian Naval Ship (INS) Trishul.
iii. He co-chaired the 10th India-Tanzania Joint Commission
Meeting with his counterpart and looked to Tanzania’s top
leadership, including several Cabinet rank Ministers from 7-8th
July 2023 in Dar-es-Salaam, Tanzania.
iv. He also met with the members of the Parliamentary
Friendship Group for India and inaugurated an India-Tanzania
business meeting.
v. Then he addressed the Indian diaspora and inaugurated the
statue of Swami Vivekananda in Dar es Salaam.

India-Tanzania tie-ups:
i. India and Tanzania have close and friendly relations. EAM’s visit to Tanzania will further integrate the
bilateral relations between the two nations.
EAM Jaishankar visited India’s supported water project in Kibamba
During the 4 day visit the EAM visited the water project in the Kibamba district of Dar-es-Salaam (Tanzania),
which is built with Indian assistance that supplies water to Dar es Salaam. He was joined by Jumaa Aweso, the
Minister of Water and Irrigation of Tanzania.
Highlights:
i. The EAM highlighted that the water project in Tanzania built with the support of India is the reflection of
Government of India’s Jal Jeevan Mission.
ii. He also claimed that bringing Indian expertise, experience, and best practices is the key to the development
partnership between India and Tanzania.
iii. He mentioned that Tanzania is the biggest development partner of India in Africa in the water sector.
iv. The partnership of India in the 6 water projects of Tanzania involves soft loans of almost USD 1 billion, and
after completion would bring safe drinking water to 8,000,000 Tanzanians.
• It would approximately cover 28 town of Tanzania
• Water access in the urban areas will be 94.5% and in rural areas it would be 78%
EAM S. Jaishankar Co-chaired at the 10th India-Tanzania Joint Commission Meeting
During the 4 day visit the EAM co-chaired the 10th session of India-Tanzani Joint Commisiion on Economic,
Technical and Scientific Cooperation, in Dar-es-Salaam and signified the bilateral relations between the 2
nations have always been strong since independence.
He emphasised the significance of Mission IT (India-Tanzania) and the two nation’s an “important trade
partners”.
The relations between the 2 nations have been characterised by high-level visits, several agreements, very
robust economic engagement, and by excellent cooperation in the multilateral forum.
Highlights:
i. Tanzania is the fourth-largest trade partner in Africa. It is the biggest development partner in the continent
and by this developing movement, India is committed to strengthen and deepen its relations with Tanzania.
ii. The two nations were discussed about the emerging areas of interest and exchanged the view on
international issues.
iii. A new flagship initiative was taken to open the first-ever global campus of the globally renowned Indian
Institute of Technology (IIT) in Zanzibar.
iv. EAM also mentioned about India’s ongoing G20 Presidency and added that New Delhi, Delhi is running after
its chairmanshio through a process of close consultations with the partners from Global south.
v. Tanzania is India’s largest African partner in training and capacity building with 750 slots annually.
India & Tanzania signed a MoU to set up first IIT campus outside India at Zanzibar
During His visit, on 6th July 2023, a Memorandum of Understanding (MoU) has been signed
between India and Tanzania for establishing the first IIT campus outside India named IIT
Madras in Zanzibar, Tanzania.
The initiative is in line with India’s National Education Policy (NEP) 2020 and aims to strengthen educational
cooperation between India and Tanzania.
The IIT campus in Zanzibar will start offering programs from October 2023 and will be responsible for
planning pedagogical strategies.
Note: Zanzibar is an archipelago off the coast of east Africa
IIT will open its first-ever overseas campus in Zanzibar, Tanzania in October 2023 with a batch of 50
Undergraduates (UG) and 20 Master’s students.
Key People:
The MoU was signed between Ministry of Education, India; Ministry of education and vocational training of
Zanzibar-Tanzania in the presence of Hussein Ali Mwinyi, President of Zanzibar and Jaishankar, EAM, India.

EAM S Jaishankar attended reception onboard INS Trishul along with Zanzibar President in Tanzania
On 6th July 2023, S Jaishankar, EAM attended a deck reception onboard Indian Naval Ship (INS) Trishul, a
guided missile frigate in Zanzibar, Tanzania along with Hussein Ali Mwinyi, President of Zanzibar during his 4
day visit to Tanzania.
INS Trishul in Tanzania was a statement of SAGAR or Security And Growth for All in the Region.
Note: SAGAR is a maritime initiative that prioritises the Indian Ocean region to ensure India’s peace, stability,
and prosperity in the Indian Ocean region.
FCD of Haryana Cabinet & TIC of Tanzania signed a MoU to promote Economic Growth
On 11th July 2023, The Foreign Cooperation Department (FCD) of the government of Haryana and the Tanzania
Investment Centre (TIC) signed a Memorandum of Understanding (MoU) to support the bilateral economic
collaboration and promote greater economic growth and increase investment opportunities between India and
Tanzania.
Key People:
Dr Raja Sekhar Vundru, Additional chief secretary, foreign cooperation department, Haryana; Gilead Terifrom,
Executive Director, TIC signed the MoU in TIC office in Dar es Salem (Tanzania).
About the MoU:
i. The MoU outlines a comprehensive framework for collaboration and would facilitate the expansion of
mutually beneficial cooperation in various fields of economy – automobiles, pharmaceuticals, textile industry,
engineering or machinery equipment, spices, cosmetics, energy and other areas of mutual interest.
ii. Under this MoU, FCD and TIC are committed to promote economic diversification, job creation, and
sustainable development in India and Tanzania.
iii. Both organizations would encourage an environment for foreign investors, enhance economic cooperation,
and stimulate the growth of key sectors of mutual interest by combining their expertise, resources, and
networks.
iv. This partnership aimed to attract a wide range of investors, including multinational corporations, small and
medium-sized enterprises (SMEs), and entrepreneurs, fostering economic prosperity for both nations.
About Tanzania:
Capital– Dodoma
President– Samia Suluhu Hassan
Currency– Tanzanian Shilling
Overview of Prime Minister Narendra Modi’s 2-day visit to France; Horizon 2047 Adopted
Prime Minister Narendra Modi paid a 2-day official visit to France from 13th to 14th July 2023 at the invitation
of H.E. Mr Emmanuel Macron, President of France.
Notably, the year 2023 marked the 25th anniversary of the India – France Strategic Partnership.
• This visit was an opportunity to chart the course of the
partnership for the future across diverse sectors such as
strategic, cultural, scientific, academic and economic
cooperation.
Note: The diplomatic relations between the two countries was
established in 1947, and the upgrading of the partnership to the
strategic level was made in 1998, by India’s PM Atal Bihari
Vajpayee and France’s President Jacques Chirac which was one of
the first for India with any country.
Highlights:
i.On 13th July 2023, PM Modi was conferred with the Grand Cross of the Legion of Honour, the highest French
order of Merit(both Civilian and Military).

ii.During his visit, PM Modi held formal talks with President Macron and also meet with Élisabeth
Borne, Prime Minister(PM) of France, Gerard Larcher, President of the French Senate, and the National
Assembly of France.
• PM Modi and President Macron also adopted ambitious outcome documents, “Horizon 2047:
Charting the future of India-France Strategic Partnership” during their meeting.
iii.On 14 July 2023, PM Modi participated as Guest of Honour in the Bastille Day (National Day of the French
Republic) Parade at Champs-Élysées, in Paris, France.
iv.During his visit, PM Modi also interacted with the Indian diaspora in France, the Chief Executive Officer
(CEO) of Indian and French companies, and prominent French personalities.
Now, we will discuss the important points from this visit.
Formal talks were held between both leaders: Adopted Horizon 2047 Roadmap
PM Narendra Modi and President Emmanuel Macron met and emphasized the strong and resilient relationship
between their countries. They highlighted shared values, sovereignty, and commitment to international law.
• The leaders discussed progress in various areas of cooperation over 25 years and identified new
areas for growth.
• They stressed collaboration on clean energy, biodiversity, and digital innovation.
• The partnership focuses on education, science, culture, and people-to-people ties.
• They aim to uphold international law, promote global cohesion, and address challenges like climate
change.
In order to set out their shared vision for this next phase of the India-France Strategic Partnership, both
leaders adopted the ‘Horizon 2047: 25th Anniversary of the India-France Strategic Partnership, Towards A
Century of India-France Relations’.
About Horizon 2047:
To mark the 25th anniversary of the Indo-French partnership, both countries agree to adopt a roadmap to set
the course for the bilateral relationship up to 2047, which will celebrate the centenary of India’s independence,
the centenary of the diplomatic relations between the two countries and 50 years of the strategic partnership.
• As of now both nations work within the framework of a partnership, as they have done since 1998.
In order to further deepen this Strategic Partnership, this communiqué is adopted. Its highlights are
given below:
I.Partnership for Security and Sovereignty
i.Both nations will extend their defence cooperation in advanced aeronautical technologies by supporting the
joint development of a combat aircraft engine.
ii.They will support industrial cooperation for motorization of heavy-lift helicopters under the Indian Multi
Role Helicopter [IMRH] programme with Safran Helicopter Engine, France.
• To enable progress on the IMRH programme, a Shareholders’ Agreement between Hindustan
Aeronautics Limited (HAL), India and Safran Helicopter Engine, France has been concluded for
engine development.
iii.There is an MoU between Garden Reach Shipbuilders and Engineers Ltd. (GRSE), and Naval Group France, a
leader in European Naval Defence Industry to collaborate in the field of surface ship that caters to fulfil the
requirement of India and International Naval forces.
iv.Both countries are also working towards adopting a Roadmap on Defence Industrial Cooperation.
v.In view of the uptick in defence industrial collaborations between the two countries, India is setting up a
Technical Office of the Defence Research and Development Organisation (DRDO) at its Embassy in Paris.
vi.Through a unique model of Triangular Development Cooperation, India and France will work on setting up
the Indo-Pacific Triangular Cooperation (IPTDC) Fund to support climate and SDG-focused innovations and
start-ups from third countries in the Indo-Pacific.
• The fund aims to scale up green technologies in the region, and project selection will be a joint effort
between both countries.

vii.Centre National d’Études Spatiales (CNES- National Center for Space Studies) and Indian Space Research
Organisation (ISRO) will strengthen their partnership on the following :
• For climate and environment, with the development of the TRISHNA mission and activities within
the Space Climate Observatory (SCO) on topics such as water resource management, marine
resources and air quality monitoring;
• For space exploration (Mars, Venus), maritime monitoring, launchers and manned flights in
connection with India’s Gaganyaan programme.
viii.India and France strengthen cooperation against terrorism, including operational collaboration and
countering online radicalization. NSG and GIGN formalize cooperation. They also collaborate in cyber security
and digital technology.
• There will be formalization of cooperation between the National Security Guard (NSG) of India and
the Groupe d’intervention de la Gendarmerie nationale (GIGN) of France through the Letter of Intent
between India and France for Cooperation in the field of Counterterrorism.
ix.Both nations strengthen their partnership in science, technology, and academia. They establish a joint
strategic committee, focus on digital technology, health, and cyber security, and collaborate in pharmaceuticals
and payment systems.
• It should be noted NPCI International Payments Limited (NIPL)
and France’s Lyra Collect executed an agreement to implement Unified Payment Interface (UPI)
in France and Europe. The payment mechanism is in its last phase of production and will go live by
September 2023 with the Eiffel Tower, Paris as the first merchant in France to accept UPI.
II – Partnership for Planet
i.India and France welcome progress in the Jaitapur Nuclear Power Project and commit to offering sustainable
development solutions through initiatives such as the Indo-Pacific Parks Partnership, International Solar
Alliance, and Indo-Pacific Oceans Initiative.
ii.They aim to strengthen nuclear training and internships, explore partnerships in modular reactors, and
collaborate on the Jules Horowitz Research Reactor.
iii.Both countries are committed to achieving carbon neutrality by 2050 and 2070, respectively.
iv.They will collaborate on building near-zero emission buildings, promote language training, facilitate student
exchanges, and expand the Alliances Françaises network.
v.India will open a Consulate General in Marseille, and France has established the “Bureau de France” in
Hyderabad, Telangana.
vi.India and France will promote joint training programs and facilitate the creation of an Indian Alumni
community. India has invited French universities to set up their campuses in India.
• France will issue five-year Schengen visas for Indian students who have completed at least one
semester at a recognized French university and attained a Master’s degree.
• France reaffirms its goal of welcoming 20,000 Indian students by 2025 and aims to raise it to 30,000
by 2030.
vii.Both countries aim to have 300 Villa Swagatam laureates by 2035, utilizing a network of residencies to
attract top French talents to India.
viii.Both countries also agreed to work on establishing a partnership on low and medium power modular
reactors or Small Modular Reactors (SMR) and Advanced Modular Reactors (AMR).
ix.India intends to make France, through its expertise, its companies and the French Development Agency
(AFD), its preferred partner in successfully achieving urban transition.
x.Naval Group and India’s Mazgon Dockyard Ltd signed an agreement for the construction of three additional
submarines under the P-75 programme
• This is a part of extension of the Indo-French partnership to explore ambitious submarine projects.
Others:
India, France committed to eliminate single use plastic products pollution, intensify maritime cooperation in
Indo-Pacific, enhance cooperation in strategic areas, space, science, sustainable development, deepening

cooperation in digital public infrastructure, cybersecurity, startup, AI, increase cooperation to end cross-border
terrorism.
Click Here for Full Official Document
List of Outcomes: MoUs and Letter of Intents (LoI)
Documents Concluded Type
Institutional Cooperation
LoI between New National Museum and Cooperation on Museology LoI
LoI between Prasar Bharati and France Media Monde LoI
Cooperation in the field of Digital Technologies
between MeitY and French Ministry of Economy MoU
Technical Cooperation between Direction-Générale d’Aviation Civile, France and Airports
Authority of India in the field of Civil Aviation MoU
Agreement between Invest India and Business France MoU
Cooperation in the area of Space
Implementing
India-France joint Earth Observation mission TRISHNA Implementing Arrangement Arrangement
Implementing
Maritime Domain Awareness short-term programme Implementing Arrangement Arrangement
Agreement on Conjunction Analysis and Evaluation Service: Alerts and Recommendations
(CAESAR) and use of Exert Modules of JAVA for Assessment of Conjunction (JAC) software Agreement
Joint Declaration between ISRO and CNES Concerning Joint Developments in the field of
Launchers Joint Declaration
Scientific Cooperation
LoI between India and France for Cooperation in the field of Health and Medicine LoI
Agreement between the National Institute of Ocean Technology (NIOT), Ministry of Earth
Sciences (MoES), Chennai and Instiut Français de Recherche pour l’exploitation de la
Mer(IFREMER) MoU
Cooperation in Strategic Areas
Head of Agreement (HoA) between Indian Oil Corporation Limited and M/s Total Energies
Gas and Power Ltd (Total Energies) to establish a long-term LNG Sale and Purchase
Agreement (SPA) Agreement
NSIL and Arianespace intent to collaborate in commercial launch services LoI
Click Here for Full List
PM Narendra Modi becomes 1st Indian PM to be conferred with the Grand Cross of the Legion of Honour
PM Narendra Modi has become the first Indian PM to have been conferred with the Grand Cross of the Legion
of Honour, France’s highest civilian and military honour, by French President Emmanuel Macron at the Elysee
Palace in Paris, France.
About Grand Cross of the Legion of Honour:
i.The Legion of Honour, established by Napoleon Bonaparte in 1802, is divided into five classes: Chevalier
(Knight), Officier (Officer), Commandeur (Commander), Grand Officier (Grand Officer), and Grand-croix (Grand
Cross).
ii.Features of Grand Cross: The ribbon is red, and the badge features a five-armed Maltese asterisk on an oak
and laurel wreath.
iii.While membership is typically restricted to French nationals, foreigners can receive the honor for
supporting France or during high-level state.

Awards and honors bestowed on the PM Narendra Modi by other nations, previously:
• Order of the Nile by Egypt in June 2023
• Companion of the Order of Logohu by Papua New Guinea in May 2023
• Companion of the Order of Fiji in May 2023
• Ebakl Award by the Republic of Palau in May 2023
• Order of the Druk Gyalpo by Bhutan in 2021
• Legion of Merit by the US Government in 2020
• King Hamad Order of the Renaissance by Bahrain in 2019
• Order of the Distinguished Rule of Nishan Izzuddin by Maldives in 2019
• St. Andrew Award from Russia in 2019
• Order of Zayed Award from the UAE in 2019
• Grand Collar of the State of Palestine Award in 2018
• State Order of Ghazi Amir Amanullah Khan from Afghanistan in 2016
• Order of Abdulaziz Al Saud from Saudi Arabia in 2016
PM meeting with meeting with the President of the Senate of France
PM Narendra Modi met Gerard Larcher, President of French Senate where Indian side highlighted the
significance of shared values of ‘Democracy, Freedom and Equality’.
• Their discussions were focused on a areas including India’s G20 (Group of Twenty) priorities,
democratic values in technology usage and cooperation between the two Upper Houses.
• Regional and global issues of mutual interest were also discussed.
Presents exchanged between both the leaders:
i.PM Narendra Modi gifted a ‘sandalwood sitar’ to French President Emmanuel Macron. This unique replica of
a musical instrument is an art of sandalwood carving that has been practised in Southern India for centuries.
• It carries images of Goddess Saraswati, holding the musical instrument called the Sitar (Veena), the
Goddess of knowledge, music, art, speech, wisdom, and learning, as well as the image of Lord
Ganesha, the remover of obstacles.
• It is illustrated with peacocks – the national bird of India and embellished with intricate carvings
that reflect the myriad motifs from Indian culture.
ii.He gifted a hand-knitted silk Kashmiri carpet was the gift of Modi’s choice for French National Assembly
president Yael Braun-Pivet.
iii.He presented a sandalwood hand-carved elephant Ambavari to Gerard Larcher, president of the French
Senate.
iv.Pochampally silk ikat in a sandalwood box was presented to France’s First Lady Brigitte Macron by the
Indian PM.
• It has its roots in Pochampally town in Telangana, and renowned for its intricate designs and vibrant
colours.
v.Marble inlay work table was presented to French PM Elisabeth Borne. Marble Inlay Work’ showcased
intricate artwork done on marble, using semi-precious stones. The base marble is found in Makrana, a town in
Rajasthan, famous for high-quality marble.
France’s gift to Indian PM:
i.French President Emmanuel Macron gifted Prime Minister Narendra Modi a framed facsimile of a 1916
photograph of a Parisian presenting flowers to a Sikh officer and a replica of the Charlemagne chessmen, dating
back to the 11th Century.
ii.Macron also gifted Modi a series of novels – A la recherche du temps perdu (In Search of Lost Time) – by
Marcel Proust published between 1913 and 1927 and considered the most important works of French
literature of the early 20th century.

About France:
President– Emmanuel Macron
Prime Minister– Élisabeth Borne
Capital– Paris
Currency– Euro
Overview of PM Narendra Modi’s Visit to UAE

On July 15, 2023, Narendra Modi, Prime Minister (PM) of India, officially visited Abu Dhabi, United Arab
Emirates (UAE). This mark’s his 5th visit to UAE since 2015.
He was welcomed by Crown Prince of Abu Dhabi, HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan at the
airport and a ceremonial welcome and Guard of Honour were accorded to Modi.
• During his visit, PM Modi met with His Highness Sheikh Mohamed bin Zayed Al Nahyan President of
the UAE, in Abu Dhabi, UAE.
Here are the visit highlights:
PM meeting with Dr. Sultan Al Jaber, President-designate of CoP28
During the visit, the Indian PM met Dr. Sultan Al Jaber, President-designate of CoP28 (Conference of the Parties
to the UN Framework Convention on Climate Change) and Group CEO (Chief Executive Officer) of Abu Dhabi
National Oil Company.
Key Points:
i.The discussions took place on the forthcoming COP-28 of UNFCCC
(United Nations Framework Convention on Climate Change) under
UAE’s Presidency where Indian side committed its full support to
UAE for its COP-28 Presidency.
ii.The PM highlighted India’s efforts and initiatives to address
climate change, including International SolarAlliance, Coalition for
Disaster Resilient Infrastructure, International Year of Millets and
Mission Lifestyle for Environment (LiFE).
iii.The discussions also covered energy cooperation between India and UAE.
RBI, CBUAE sign pacts to promote use of INR, UAE dirham for cross-border transactions
During the visit, two agreements were inked between the Reserve Bank of India (RBI) and Central Bank of UAE
(CBUAE) to facilitating seamless cross border transactions and payments, and foster greater economic
cooperation between the two countries.
Signatories:
The agreements were signed by the RBI Governor Shaktikanta Das, and Governor of the Central Bank of
UAE, Khaled Mohamed Balama in the presence of PM Narendra Modi and Sheikh Mohamed Bin Zayed Al
Nahyan, President of the UAE.
The MoU are as follows:
i.Establishing a Framework to Promote the Use of Local Currencies viz. the Indian rupee (INR) and the
UAE Dirham (AED) for cross-border transactions
This MoU aims to put in place a Local Currency Settlement System (LCSS) to promote the use of INR and AED
bilaterally by covering covers all current account transactions and permitted capital account transactions.
• The LCSS creation facilitates domestic currency invoicing and payment for exporters and importers,
fostering an INR-AED forex market. It encourages investments and remittances between both
nations while minimizing transaction costs and settlement time, benefiting Indian residents in the
UAE.
ii.Cooperation for interlinking their payment and messaging systems
Under this, both Central Banks agreed to cooperate on the following
i. Linking their Fast Payment Systems (FPSs) – Unified Payments Interface (UPI) of India with Instant Payment
Platform (IPP) of UAE for fast, convenient, safe, and cost-effective cross-border funds transfers

ii. Linking the respective Card Switches (RuPay switch and UAESWITCH) to facilitate mutual acceptance of
domestic cards and processing of card transactions.
iii. Exploring the linking of payments messaging systems i.e., Structured Financial Messaging System (SFMS) of
India with the messaging system in the UAE to facilitate bilateral financial messaging between the two
countries, bypassing the SWIFT (Society for Worldwide Interbank Financial Telecommunications) messaging
system.
India signs MoU with Education and Knowledge dept of Abu Dhabi for setting up IIT Delhi campus
IIT (Indian Institute of Technology) Delhi inked a Memorandum of Understanding (MoU) with Abu Dhabi
Department of Education and Knowledge (ADEK) and the Ministry of Education, Government of India, to set up
its international campus in Abu Dhabi.
• This MoU is on the lines of Comprehensive Economic Partnership Agreement (CEPA) signed
between the top leadership of the two countries in early 2022.
• The MoU was signed in the presence of PM Narendra Modi and His Excellency Sheikh Mohamed Bin
Zayed Al Nahyan, President of the UAE.
Key Points:
i.IIT Delhi – Abu Dhabi aims to be a research-focused campus offering undergraduate, postgraduate, and
doctoral degrees, contributing to Abu Dhabi and UAE’s research and academic ecosystem.
ii.Starting 2024, IIT Delhi – Abu Dhabi will provide diverse programs in Energy and Sustainability, Artificial
Intelligence, Computer Science and Engineering, Healthcare, Mathematics and Computing, and other
disciplines. Details will be announced later. It has already initiated outreach programs for UAE school students
and plans to launch industry-focused short courses and executive programs soon.
IOC inks long term LNG import pact deals with ADNOC LNG, TotalEnergies
A Head of Agreement (HoA) was signed between India’s Indian Oil Corporation (IOC) Limited to import
liquefied natural gas (LNG) from UAE’s Abu Dhabi Gas Liquefaction Co (Adnoc) Ltd and TotalEnergies of France
on a long-term basis.
Key Points:
i.This is the first long-term deal TotalEnergies has signed with an Indian company.
ii.Also, this is the first time an Indian company has signed a long-term LNG import deal with.
iii.Under this, IOC will import 1.2 million tonnes per annum of LNG from Adnoc-LNG for 14 years starting in
2026.
• It should be noted that under Indian and UAE CEPA, UAE Govt which provides for zero customs duty
to be applied on LNG imports from UAE against an applicable customs duty of 2.5 per cent plus
surcharge.
iv.The deal with TotalEnergies is for the import of 0.8 million tonnes a year of LNG for 10 years starting in
2026.
i.State-owned Kerala Shipping and Inland Navigation Corporation (KSINC) has introduced its solar-powered
hybrid boat “Sooryamshu”, a first-of-its-kind tourist boat in Kerala, in Kochi backwaters, Kerala. The boat built
by the United Arab Emirates (UAE)-based Solas Marine Services Group was named Sooryamshu after the Hindi
translation of “Sunbeam.”
ii.The Asian Infrastructure Investment Bank (AIIB) signed a host member agreement with
the United Arab Emirates (UAE) to establish its first overseas office, an Interim Operational Hub, at Abu Dhabi
Global Market, Abu Dhabi, UAE.
About United Arab Emirates (UAE):
President– Sheikh Mohamed bin Zayed Al Nahyan
Currency– UAE Dirham
Capital– Abu Dhabi

Highlights of Defence Minister Rajnath Singh’s 3 day visit to Malaysia from 9th to 11th July
2023
Defence Minister Rajnath Singh made a three-day official visit to Malaysia from 9-11 July 2023, with a focus
on further combining bilateral defence cooperation and Enhanced Strategic Partnership between India and
Malaysia.
i. During his visit, he held bilateral talks with the Defence Minister of Malaysia Mr Dato’ Seri Mohamad Hasan,
where both the ministers reviewed defence cooperation between the 2 nations.
Note: This was the first bilateral visit after the establishment of
Enhanced Strategic Partnership, which was announced during the
visit of Prime Minister Narendra Modi to Malaysia in 2015.
India and Malaysia discussed roadmap for 4th decade of
defence cooperation
On 10th July 2023, Defence Minister Rajnath Singh on his 3 day visit
to Malaysia, discussed the roadmap for the 4th Decade of India-
Malaysia Defence Cooperation with Malaysian counterpart
Mohamad Hasan in Kuala Lumpur (Malaysia).
Highlights:
i. Initiatives were discussed by both the nations to further expand bilateral defence ties, particularly focused on
identifying ways to strengthen industrial cooperation.
ii. They acknowledged their commitment to fully implement the Enhanced Strategic Partnership based on
mutual trust and understanding, common interests and shared values of democracy and rule of law.
iii. The Defence Ministers of the 2 nations agreed to the next Malaysia-India Defence Cooperation Committee
(MIDCOM) meeting which is being planned in India in later 2023.
iv. Rajnath Singh highlighted the potential of the Indian defence industry with capacity and capability to
cooperate with Malaysian Armed Forces in its inventory modernisation and maintenance plans.
v. Amendment in the Memorandum of Understanding (MoU) on Defence Cooperation between India and
Malaysia signed in 1993 were approved by both the Ministers, through ‘Exchange of Letters’ (EoL).
• This amendment will act as an enabler to expand bilateral defence cooperation in the areas of
mutual interest.
• The nations agreed to establish the Sukhoi Su-30MKM Forum and the Strategic Affairs Working
Group to elevate the cooperation between the two ministries.
Rajnath Singh inaugurated HAL regional office in Kuala Lumpur, Malaysia
Rajnath Singh inaugurated Hindustan Aeronautics Limited (HAL) regional office in Kuala Lumpur, Malaysia.
The regional office will facilitate the defence industrial collaboration between India and Malaysia and will also
serve as a hub for the HAL’s engagement with the wider South-East Asian region and act as a window for other
Indian Defense Public Sector Units (PSUs).
Rajnath Singh unveiled the statue of Netaji Subhas Chandra Bose in Malaysia
Rajnath Singh unveiled the statue of Netaji Subhas Chandra Bose, in the presence of distinguished INA
(Indian National Army) veterans in Kuala Lumpur, Malaysia.
Rajnath Singh also felicitated Second Lieutenant Sundaram, a 99-year old INA veteran, who fought alongside
Netaji Subhas Chandra Bose at Burma border.
About Malaysia:
Capital– Kuala Lumpur
Prime Minister– Anwar Bin Ibrahim
Currency– Malaysian Ringgit

BANKING & FINANCE NEWS
BANKING NEWS
RBI IN NEWS
Highlights of RBI’s 27th Financial Stability Report, June 2023
On June 28, 2023, the Reserve Bank of India (RBI) released its half yearly publication(i.e) 27th Financial
Stability Report (FSR), June 2023, which assesses risks to financial stability and the resilience of the Indian
financial system. It reflects the collective evaluation of the Sub-Committee of the Financial Stability and
Development Council (FSDC).
• As per it, Indian economy and the domestic financial system remain resilient despite global
headwinds. This is due to the strong macroeconomic fundamentals.
• There is continuing growth momentum, moderating inflation, narrowing current account deficit,
rising foreign exchange reserves, ongoing fiscal consolidation and a robust financial system are
setting the economy on a path of sustained growth.
Highlights:
i.According to stress test results published in the FSR, under the baseline scenario, the aggregate Capital to
Risk-Weighted Assets Ratio (CRAR) of 46 major banks is projected to slip from 17.0% (historical high) in March
2023 to 16.1% by March 2024.
• CRAR of these banks may go down to 14.7% in the medium stress scenario and to 13.3% under the
severe stress scenario by March 2024, remaining above the minimum capital requirement, including
the capital conservation buffer (CCB), of 11.5%.
Note: Stress tests assess the resilience of banks’ balance sheets to unforeseen shocks emanating from the
macroeconomic environment.
ii.The CRAR of Urban Co-Operative Banks (UCBs) rose to 16.5% in March 2023 while that of NBFCs stood at
27.5 per cent.
iii.The Common Equity Tier 1 (CET1) ratio of Scheduled Commercial Banks (SCBs) rose to 13.9% in March
2023.
iv.The Provisioning Coverage Ratio (PCR) rose to 74% amid strong growth in net interest income and
significant reduction in provisions.
v.The profit after tax of SCBs registered a growth of 38.4% in 2022-23.
vi.None of the 46 SCBs would breach the minimum capital requirement of 9% in the next one year, even in a
severely stressed situation, although 7 SCBs may fall short of the minimum capital inclusive of the CCB (Capital
Conservation Buffer).
vii.Despite the recent step up in bank credit growth, India’s credit-to-GDP (Gross Domestic Product) gap
remains negative since March 2013, reflecting low credit absorption in India relative to advanced and emerging
market peers.
Banks’ bad loans at 10-year low
As per the report, the Bad loans in the banking sector have reached their lowest levels in a decade. SCBs’ Gross
Non-Performing Assets (GNPA) ratio continued its downtrend and fell to a 10-year low of 3.9% in March 2023
and the net non-performing assets (NNPA) ratio declined to 1% of total loans, the lowest figure since June
2011.
• It indicates that banks have been actively setting aside provisions to cover bad loans
Key Points:
i.A further decline in bad loans is also expected by March 2024 under RBI’s baseline stress test scenario.
• GNPA ratio of all SCBs may improve to 3.6% by March 2024 under the baseline scenario from the
March 2023 level of 3.9%.

• If, however, the macroeconomic environment worsens to a medium or severe stress scenario, the
GNPA ratio may rise to 4.1% and 5.1%, respectively.
ii.The system-level GNPAs ratio and NNPAs ratio have sharply fallen from a high of 11.5% and 6.1% in March
2018, respectively.
Deposit claims worth Rs 751.8cr settled in FY23
As per the report, the Deposit Insurance and Credit Guarantee Corporation (DICGC) settled claims of Rs 751.8
crore during FY23.
• With the present deposit insurance limit of Rs 5 lakh, 98.1% of the deposit accounts (estimated
three billion) and 46.3% of the assessable deposits (Rs 181.14 trillion) were insured.
• In absolute terms, the insured deposits amounted to Rs 83.89 trillion as of March 31, 2023.
Key Points:
i.The deposit insurance premium received by DICGC grew 9.7% (year-on-year/y-o-y) to Rs 21,381 crore during
FY23. Of this, the share of the commercial banks was 94%.
ii.The Deposit Insurance Fund(DIF) with DICGC rose 15.5% y-o-y during FY23 to reach Rs 1.70 trillion on
March 31, 2023.
iii.In FY22, DICGC had settled aggregate claims of Rs 8,516.6 crore under different channels. Of this, the largest,
of Rs 3,791.6 crore, was to Unity Small Finance Bank (USFB) for paying the depositors of the erstwhile Punjab
and Maharashtra Co-operative Bank.
States’ financial profile better in FY23; Debt stays High
The consolidated Gross Fiscal Deficit (GFD) of the states and Union Territories (UTs) declined from 4.1% of
GDP in FY21 to 2.8% in FY22 and FY23. This shows a sharp improvement in the fiscal position of the states in
FY23.
• This decline is driven by decline in revenue expenditure, and increase in the states’ tax revenue.
• For FY24, the states have budgeted a GFD-GDP ratio of 3.2%, which is significantly lower than the
indicative target of 3.5% set by the Central government.
Key Points:
i.The Capital Expenditure (capex) of the states had reached 2.5% of GDP in FY22 and remained at the same
level in FY23.
• It is budgeted to increase to 3.2% of GDP in FY24.
ii.Revenue expenditure declined from 14.2% of GDP in FY22 to 13.5% in FY23 (provisional). This has resulted
in improvement in the quality of expenditure.
iii.The revenue expenditure to capital outlay (RECO) ratio for the states has improved from 7.1 during 2020-21
to the Budget estimate of 5.1 in 2023-24.
iv.State’s outstanding liabilities have moderated after reaching a 15-year high of 31 % of GDP at the end March
2021 to 27.9% of GDP by the end of March 2023.
• However, it is still higher than the 20% limit recommended by the Fiscal Responsibility and Budget
Management (FRBM) Review Committee (2018) and warrants further consolidation.
RBI floating rate bonds interest rate hiked to 8.05% from July 1, 2023
The RBI hiked the interest rate on its floating rate savings bonds, 2020 (Taxable)/FRSB 2020 (T) to 8.05% for
period July 01, 2023 to December 31, 2023 and payable on January 01, 2024. The next interest rate review for
RBI floating rate bonds is now due on January 1, 2024.
Features of RBI’s FRSB 2020 (T)
RBI launched the floating rate bonds in lieu of the earlier withdrawn 7.75% taxable bonds. Its key features are:
• Resident individuals and Hindu Undivided Families (HUFs) can invest in these bonds.
• The minimum investment starts at Rs 1,000 with no limit on the maximum amount.
• The bonds have a fixed tenure of seven year. Premature withdrawals are allowed for individual
investors whose age is 60 years and above, subject to minimum lock-in period depending on the age
of the bond holder.
• The interest amount is paid out half-yearly on January 1 and July 1 every year.

RBI injects Rs 75,000 crore into the banking system as liquidity tightens due to tax outflows
In June 2023, RBI conducted the Rs 75,000 crore 4-day variable rate repo(VRR) auction to address the expected
stress on liquidity ahead of goods and service tax outflows. The RBI received bids worth Rs 75,695 crore but
accepted only Rs 75,004 crore at a 6.51 percent cut-off rate.
• A repo auction is conducted by RBI to inject liquidity in the banking system, when it turns into
deficit mode or is expected to tighten.
• Repo rate is the interest rate which the central bank, such as the Reserve Bank of India (RBI), lends
money to commercial banks against government securities as collateral. It is a tool used by the
central bank to manage liquidity in the economy.
• In a repo transaction, the banks sell government securities to the central bank with an agreement to
repurchase them at a later date, usually the next day, at a slightly higher price, which includes the
interest cost. The difference between the selling price and the repurchase price represents the
interest cost or repo rate.
RBI upgrades info management system, launches next generation data warehouse CIMS
The RBI Governor Shaktikanta Das launched the Reserve Bank’s next generation data warehouse, viz., the
Centralised Information Management System (CIMS) during the 17th Annual Statistics Day Conference on June
30, 2023.
• The conference was held as a part of the ‘National Statistics Day’ celebrations in the memory of
Late Professor Prasanta Chandra Mahalanobis, who made invaluable contributions to the Indian
statistical system and economic planning.
Key Points:
i.The system will first be used by commercial banks, followed by urban cooperative banks (UCBs) and Non-
Banking Financial Companies (NBFCs).
ii.The CIMS will provide more data for public use and support online statistical analysis.
iii.It will also reduce regulatory compliance burden for regulated entities as reporting of data will become
easier.
iv.The Reserve Bank established its first enterprise-wide data warehouse, the Central Database Management
System (CDBMS) in 2002.
India May 2023 services exports rise 7.7% to USD 27.06 billion: RBI
According to the Reserve Bank of India (RBI) provisional data on July 4, 2023, India’s services exports in May
2023 increased by 7.7% compared to May 2022, reaching USD ($)27.06 billion while imports rose 2% to USD
15.5 billion.
• The government’s initial estimates, released in mid-June, had indicated that services exports
amounted to USD 25.3 billion, with services imports at USD13.53 billion.
It’s important to note that the RBI’s figures are provisional and subject to further updates which are published
quarterly as part of India’s overall balance-of-payments data.
Education financing startup Propelld gets NBFC licence from RBI

Education financing startup, Propelld has procured a non-banking financial company (NBFC) license from the
Reserve Bank of India (RBI) to disburse loans worth Rs 2000 Cr by Financial Year(FY)24 and to bolster its
direct lending proposition.
• Previously, Propelld provided lending solutions by partnering with NBFCs but now the new license
will help the company to lend directly along with functioning as a loan service provider (LSP).
With the NBFC Licence, Propelld will provide tailored loan products, flexible repayment options and
competitive interest rates to its customers, particularly in tier two and tier three cities.

RBI cancels licenses of Malkapur Urban Co-operative Bank Ltd & Shushruti Souharda
Sahakara Bank Niyamita
On July 5, 2023, the Reserve Bank of India (RBI) has cancelled the banking licenses of two co-operative banks
viz. Malkapur Urban Co-operative Bank Ltd(Malkapur UCB) based in Buldhana, Maharashtra, and Shushruti
Souharda Sahakara Bank Niyamita(SSS Bank) based in Bengaluru, Karnataka.
• In this regard, these two co-operative banks ceased to carry on banking business as defined in
Section 5(b) read with Section 56 of the Banking Regulation (BR) Act, 1949 with effect from July 5,
2023.
However, on liquidation, every depositor is entitled to receive a deposit insurance claim amount of his/her
deposits up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the
provisions of the DICGC Act, 1961.
Note:
i.As per the data submitted by the Malkapur UCB, 97.60% of the depositors are entitled to receive the full
amount of their deposits from DICGC.
• DICGC has already paid Rs 496.98 crore of the total insured deposits under the provisions of Section
18A of the DICGC Act, 1961.
ii.As per the data submitted by the SSS Bank, 91.92% of the depositors are entitled to receive the full amount
of their deposits from DICGC.
• As on May 31, 2023, DICGC has already paid Rs 54.16 crore of the total insured deposits.
Reasons behind the cancellation of licenses of both banks:
i.The banks do not have adequate capital and earning prospects which means they do not comply with the
provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the BR Act, 1949.
ii.They have failed to comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and
22(3)(e) read with Section 56 of the BR Act, 1949.
iii.The continuance of the banks are prejudicial to the interests of its depositors as they are unable to pay its
present depositors in full.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra
IBA sets up 5-member group to implement RBI committee’s recommendations on ARCs

Indian Banks’ Association (IBA) has formed a five-member working group for the Implementation of
recommendations from the Reserve Bank of India’s committee on the working of Asset Reconstruction
Companies (ARCs).
• The primary focus of the working group is to conduct a thorough review of assignment agreements
and trust deed templates related to the acquisition of distressed assets by ARCs from lenders.
• The aim of this review is to update these templates to align with the evolving changes and
expectations within the ARC sector, enabling them to meet the growing demands of the financial
industry.
Members:
1. Ajit Kumar, MD and CEO, Secondary Loan Market Association (SLMA)
2. Hari Hara Mishra, CEO, Association of ARCs in India
3. MythiliBalasubramanian, Executive Director, Edelweiss ARC;
4. Dharmendra Pali, senior official from State Bank of India
5. AnupamaRanade, senior official from ICICI Bank
RBI’s action on Sudarshan Sen Committee:
i. The formation of the working group follows the establishment of an RBI committee chaired by Sudarshan

Sen, a former Executive Director of RBI. The committee was tasked with conducting a comprehensive review of
the functioning of ARCs, and its report was released on November 2, 2021.
ii. The RBI has instructed the IBA and SLMA to form a Group to promptly implement the committee’s
recommendations, in consultation with lenders and ARCs.
Role of IBA & Secondary Loan Market Association (SLMA):
The central bank has directed the Indian Banks’ Association (IBA) and Secondary Loan Market Association
(SLMA) to proactively implement the committee’s recommendations without delay. The implementation
should be done in close coordination with the lenders and Asset Reconstruction Companies (ARCs), ensuring
their active involvement in the process.
i. IBA is anticipated to furnish lenders with a standardized procedural document to guarantee certainty and
transparency during their auctions.
ii. To ensure transparency and consistency in the sale of distressed assets (non-performing loans), there are
plans to potentially create a dedicated online platform. The infrastructure developed by SLMA could be utilized
for this purpose.
• In order to streamline documentation procedures, the Secondary Loan Market Association (SLMA)
will create standardized templates for documents.
About Asset Restructuring Company(ARC):
i.The ARC framework plays a vital role in the financial sector by allowing originators to focus on lending
activities while transferring distressed financial assets (non-performing loans) to ARCs.
ii.ARCs act as primary agents for recovery after acquiring these assets. The framework also aims to assist
borrowers in revitalising their businesses, protecting viable and productive assets, and ensuring better returns
for banks and financial institutions from stressed assets.
RBI allows Card Network Portability from Oct 1, 2023

The Reserve Bank of India (RBI) has issued a ‘Draft Circular – Arrangements with Card Networks for issue of
Debit, Credit and Prepaid Cards’ empowering the debit, credit, and prepaid card users in India with Card
network portability w.e.f. October 1st, 2023.
• This means users can port their card network just like one can port switch/port mobile service
providers while retaining the same phone number.
• The Card network portability will keep their existing card accounts, balances, and credit history
intact.
• The RBI has invited opinions from various stakeholders for the same up to August 4, 2023.
This decision by RBI has been taken in exercise of its powers conferred under Section 18 read with Section
10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), by ensuring the interest of payment
system and public interest.
What is under the new arrangement?
i.Card issuers are prohibited from making arrangements or agreements with card networks that restrict their
ability to utilize the services of other card networks.
ii.Card issuers are required to issue cards on multiple card networks.
iii.Card issuers must offer eligible customers the choice to select any one of the multiple card networks.
Customers can exercise this option either during card issuance or at a later time.
The above requirements should be adhered by the Card issuers and card networks during existing agreements
at the time of amendment or renewal thereof, and fresh agreements executed from the date of this circular.
Key Points:
i.The Authorised card networks in India are American Express Banking Corp., Diners Club International Ltd.,
MasterCard Asia/ Pacific Pte. Ltd., National Payments Corporation of India – Rupay, and Visa Worldwide
Pte. Limited.
ii.The RBI proposal will make it safer and easier for consumers to access, use and manage credit

iii.This proposed regulation will enhance flexibility and competition in the credit card market, thus, stimulate
innovation and drive improvements across the industry.
iv.According to RBI data, credit card outstanding has soared to Rs 2 lakh crore, a rise of 29.7% on a year-on-
year (yo-y) basis.
• Banks have issued 8.65 crore credit cards, as of April 2023.
• Monthly credit payments are now over Rs one lakh crore every month, with card payments touching
Rs 1.32 lakh crore in the month of April 2023.
What is the current scenario?
Debit or credit cards have always featured the logos of Visa, Mastercard, Diners Club, or RuPay. However,
individuals have had no control over which card network provider they could choose. This is because the bank
has been choosing the card network provider. But this new mandate by RBI will alter this situation.
i.According to RBI Monetary Policy Report (April 2023), credit growth continued to outpace deposit growth in
financial year 2022-23 (FY23) at an eleven-year high, despite banks fully transmitting lending rates linked to
external benchmarks [250 basis points (bps)], which now account for nearly half of floating-rate loans.
ii.RBI has granted a non-banking financial company (NBFC) licence to the Neobanking platform Jupiter
enabling the latter to scale up its lending business.
i. It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to
Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by
the Government of India.
iv.Thus, 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national
institution.
RBI cancelled Licence of 2 co-operative banks, Harihareshwar Sahakari Bank and

Sri Sharada Mahila Cooperative Bank
On 11th July 2023, the Reserve bank of India (RBI) cancelled the banking licence of two cooperative
banks, Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank,
Satara in Maharashtra.
• The licence were cancelled by RBI under Section 22 of the Banking Regulation Act, 1949 as these
cooperative banks do not have adequate capital and earning prospects and have failed to comply
with the requirements of the banking regulation act.
• RBI has asked these two lenders to cease banking business from 11 July 2023 in two separate
statements.
Deposits in the 2 banks:
i. About 99.96% of the depositors of HarihareshwarSahakari Bank are entitled to receive the full amount of
their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).
• As on March 8 2023, DICGC has already paid Rs57.24 crore of the total insured deposits to the
depositors of the Harihareshwar Sahakari Bank.
ii. About 97.82% of the depositors Sri SharadaMahila Cooperative Bank are entitled to receive full amount of
their deposits from DICGC.
• As on 12 June 2023, DICGC has already paid Rs 15.06 crore of the total insured deposits based on the
willingness received from the concerned depositors of the Sri Sharada Mahila Cooperative Bank.
RBI Statement:
i. AS pre RBI, on liquidation, every depositor of these 2 banks would be entitled to receive deposit insurance
claim amount of his/her deposits of up to a monetary ceiling of Rs 5 lakh from DICGC.
ii. Consequent to the cancellation of their licences, the banks have been prohibited from conducting the

business of ‘banking’ which includes, acceptance of deposits and repayment of deposits, among other things.
iii. The continuance of these banks was prejudicial to the interests of its depositors. With their present financial
position, these banks would be unable to pay their present depositors in full.
Established on- April 1, 1935
Governor- Shaktikanta Das
Deputy Governors- Swaminathan Jankiraman, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar
Headquarters- Mumbai, Maharashtra
India needs Average Annual growth rate of 7.6% for 25 years to Become Developed Nation:
RBI Paper
According to the article titled “India @ 100” published in Reserve Bank of India (RBI) Bulletin July 2023
published by RBI’s Economic Research Department, India needs to achieve an average annual real Gross
Domestic Product (GDP) growth rate of 7.6% over the next 25 years to become a developed nation by 2047-48.
This would require raising the current per capita GDP from USD2,500 to USD22,000, an increase of 8.8 times.
• This paper, authored by Harendra Behera, V. Dhanya, Kunal Priyadarshi, and Sapna Goel, is included
in the RBI’s July 2023 issue of its monthly Bulletin, released on July 17, 2023. Click Here for full
Monthly Bulletin
• Please note that this study does not represent the official view of the RBI.
Note: On India’s 75th year of independence (August 15, 2022), the Prime Minister (PM) Narendra Modi
expressed his vision for the next 25 years to turn India into a developed nation by 2047.
Basis of Assessment:
There is no unique criterion to define a country as ‘developed’. However, as per World Bank (WB) standards, a
country with a per capita income of US$ 13,205 or more in 2022-23 is classified as a high-income
country. Meanwhile, the International Monetary Fund (IMF) classifies countries into Advanced Economies
(AEs) and Emerging Market and Developing Economies (EMDEs) based on factors like per capita GDP, export
diversification, and global financial integration.
• Since Per Capita Income (PCI) is the only common criterion, and the IMF doesn’t specify a
threshold for AEs, the lowest recorded per capita income among AEs in 2022 (US$18,427 for
Croatia) is used as a benchmark in this article. Also, the analysis assumes an Average Global
Inflation Rate of 2% until 2047-48.
Highlights:
i.As per WB standards, India’s per capita income must be more than $21,664 by 2047.
• To achieve this target, the required real GDP compounded annual growth rate (CAGR) for India
needs to be 7.6% during 2023-24 to 2047-48;
ii.As per IMF standards, India’s per capita nominal GDP must be more than US$ 30,351.
• To achieve this target, the real GDP CAGR required for India should be 9.1% during 2023-24 to
2047-48.
iii.So as per above, India’s per capita GDP in nominal terms would have to record a CAGR of 10.6 (9.1%) to
become a high income country.
iv.It should be noted that the best India achieved over a period of consecutive 25 years in the past is a CAGR
of 8.1% during 1993-94 to 2017-18.
What does India need to do to become a Developed nation?
i.India’s industrial sector should increase its share from the current 25.6% to 35% by 2047-48, and
manufacturing should occupy 25% share in total value added.
• This would require the industrial sector to grow at a nominal CAGR of 13.4%.
ii.By sustaining a 13.3% growth rate in exports of goods and services (nominal), India can enhance its
comparative advantage in services exports. This would increase the share of goods and services exports in GDP
from 22.8% in 2022-23 to 30.5% by 2047-48.

iii.The agriculture sector would have to grow at a CAGR of 4.9% and the services sector by 13% in the coming
25 years to have a sectoral share of 5% and 60%, respectively, by 2047-48.
iv.India needs to adopt a multipronged approach to attain a sustainable path to development that includes
structural and comprehensive reforms across sectors, investment in infrastructure, bolstering logistics,
digitalizing the economy, and upskilling the labour force.
v.A Collaboration between the government, private sector, civil society, and citizens is also required.
vi.There is a requirement of upskilling of younger generation in the newage manufacturing and services sectors
Growth Drivers for India:
The Services sector will continue as the main driver of economic growth, however, India must also focus on
widening its manufacturing base, and rebalance its economic structure by strengthening its industrial sector.
i.India, which presently holds the G20 Presidency, has entrusted IMF and the Financial Stability Board (FSB) to
jointly prepare a technical paper on cryptocurrency assets. This technical paper could be used to formulate an
all-inclusive policy to govern crypto assets.
ii.According to the RBI data, India’s Bank credit increased by 15% year-on-year (YoY) in the Financial year
2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22).
i.It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to
Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by
the Government of India.
iv.Thus, 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national
institution.
RBI cancels Licence of United India Co-operative Bank Limited

On 19th July 2023, Reserve Bank of India(RBI) cancelled the licence of United India Co-operative Bank Limited,
Nagina( Bijnor, Uttar Pradesh) as the bank does not have adequate capital and earning prospects to pay its
present depositors in full.
• The bank also does not comply with the provisions of Section 11(1) and bank has failed to comply
with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with
Section 56 of the Banking Regulation Act, 1949.
• The bank is prohibited from engaging in any ‘banking’ activities, including the acceptance and
repayment of deposits, as defined in Section 5(b) in conjunction with Section 56 of the Banking
Regulation Act, 1949.
Liquidation:
Commissioner and Registrar of Cooperative in Uttar Pradesh to initiate the winding-up process and appoint a
liquidator for the bank.
i. The RBI reassured depositors that they will receive insurance claims for their deposits, subject to the
monetary ceiling of 5 lakhs from the Deposit Insurance and Credit Guarantee Corporation (DICGC), in
accordance with the DICGC Act, 1961.
ii. 99.98% of depositors of the bank are eligible to receive the full amount of their deposits from DICGC.
About Deposit Insurance and Credit Guarantee Corporation (DICGC)
Deposit Insurance and Credit Guarantee Corporation of India (DICGC) is one of the five subsidiaries of the
Reserve Bank of India (RBI).
Chairman – Michael Debabrata Patra
Established under – Deposit Insurance and Credit Guarantee Corporation Act, 1961
Established in – 1978

RBI Sets Restrictions on Bengaluru based National Co-operative Bank
On 24th July 2023, Reserve Bank of India(RBI) imposed business limitations on Bengaluru’s one of the oldest
banks, National Co-operative Bank Limited because of its poor declining financial condition.
• Starting from July 24, 2023, the business restrictions will be in place for a duration of six months and
are subject to review.
• The restrictions are imposed under the provision of the Banking Regulation Act, 1949.
• Depositors will be entitled to receive deposit insurance claim amount up to Rs 5 lakh from the
Deposit Insurance and Credit Guarantee Corporation(DICGC)
Restriction imposed:
i.Withdrawal limit is capped at Rs.50,000 per account
ii.The RBI also prohibited the bank from renewing loans, engaging in investments, creating liabilities,
processing payments, or accepting fresh deposits.
Note: The imposition of business limits does not lead to the termination of the banking license. The bank will
continue to operate within these limits until its financial status improves.
Additional info:
i.In May 2023, the National Co-operative Bank was levied with a monetary penalty by the RBI, citing regulatory
infractions.
• The bank charged fixed penalties (rather than penalties appropriate to the extent of the failure) for
customers’ failing to maintain a minimum balance in their savings bank accounts.
ii.In January 2020, the RBI had conducted an inspection in Sri Guru Raghavendra Sahakara Bank and identified
discrepancies in its loan book and an escalation in non-performing assets (NPAs), leading to the imposition of
restrictions on the bank.
About National Co-operative Bank:
i.The bank was founded in 1975 by TR Shamanna
ii.Headquartered in Bengaluru, Karnataka
iii. Chairman – H C Krishna
About Reserve Bank of India(RBI)
Governor – Shaktikanta Das (25th)
Headquarters – Mumbai, Maharashtra(earlier Kolkatta, West Bengal)
Established on – April 1, 1935
Established under – Reserve Bank of India Act, 1934.
RBI Includes S.Korea’s ‘NongHyup Bank’ in the list of Scheduled Banks under Schedule II of RBI
Act, 1934
Reserve Bank of India (RBI) released a notification addressing all the banks regarding the inclusion
of ‘NongHyup Bank’ in the Second Schedule to the Reserve Bank of India Act, 1934.
• As per the RBI notification, NongHyup Bank has been officially include in the Second Schedule of the
RBI Act 1934 and published in the Gazette of India (Part III – Section 4).
• The notification informs all the banks about the addition of NongHyup Bank to the regulated list.
Scheduled Banks:
i.Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934.
ii.To qualify as a scheduled bank, the bank’s paid-up capital and collected funds must be at least Rs. 5 lakh.
iii.These banks are eligible for low interest loans from the RBI and also have membership in clearing-houses.
About NongHyup Bank (NH Bank):
i.NongHyup Bank (NH Bank), established in 2012, is a commercial bank headquartered in Seoul, South Korea.
ii.NH Bank is a 100% subsidiary of the NongHyup Financial Group Inc and it is owned by National Agricultural
Cooperative Federation (NACF), an umbrella organization for Korean agricultural cooperatives founded in
1961.
iv.NH Bank entered Indian market in 2016 and opened its 1st liaison office in Gurgaon, Haryana to strengthen

the competitiveness of the agriculture sector.
v.In 2022, it had started its commercial operations in India, following the in-principle approval from the RBI for
establishing its first branch in India.
vi.On 13th July 2023, NH Bank opened its first branch in Noida, Uttar Pradesh.
Note: NH Bank became the 6th Korean bank, conducting business in India. Others Korean banks are: Shinhan
Bank, KEB Hana, KB Kookmin, Woori and Industrial Bank of Korea (IBK).
SEBI
Highlights of SEBI Board Meeting: Reduction of public issue listing timelines; Board
representation for retail investors under REITS/InvITs
On June 28, 2023, the board of Securities and Exchange Board of India (SEBI) has approved a series of decisions
such as the reduction of public issue listing timelines, the introduction of regulations for non-convertible
debt securities(NCDs), and strengthening investor grievance handling mechanisms to improve the market
efficiency and investor protection.
-Reduction of public issue listing timelines
i.The board has approved the proposal for reducing the time period for listing of shares in a public Issue from
the existing six days to three days, from the date of issue closure (T Day).
ii.The revised timeline of T+3 days would be made applicable in two phases.
• Voluntary for all public issues opening on or after September 01, 2023
• Mandatory on or after December 01, 2023.
iii.The reduced timeline is expected to benefit issuers, allottees, subscribers, and stakeholders by expediting
the process and curbing kerb trading.
-Board representation for retail investors under REITS/InvITs
SEBI board also approves the amendments to the SEBI infrastructure investment trusts (InvITs) Regulations,
2014 and SEBI real estate investment trusts (REITs) Regulations, 2014 to provide nomination rights to
unitholders holding 10% or more of the total outstanding units of the InvIT/REIT, either individually or
collectively, on the board of directors of the Investment Manager/Manager.
SEBI approved a provision that ensures opinions of retail unitholders are fairly represented in the decisions
taken by InvITs and REITs.
Key Points:
i.The sponsor who sets up the InvIT/ REIT, monetizes its assets by transferring them to the InvIT/ REIT and
exerts control over the decisions of the InvIT/ REIT through a significant shareholding in the Investment
Manager/Manager.
ii.Currently, SEBI Regulations mandate the sponsor to hold a minimum of 15% units for a period of at least 3
years from the date of listing of units.
iii.The board has also approved the sponsor of InvIT/ REIT “be required to hold a certain minimum unitholding
on a reducing scale for the entire life of the InvIT/ REIT. The mandatory minimum unitholding shall be locked-
in and be unencumbered.
iv.To provide an additional exit option for the sponsor of InvIT/ REIT, the SEBI board approved the proposal
for introduction of self-sponsored investment manager/manager or an investment manager/manager who also
takes on the responsibilities of the sponsor of InvIT/ REIT.
-Additional disclosures from certain FPIs
i.SEBI has decided to mandate enhanced disclosures from certain class of foreign portfolio investors (FPIs),
including furnishing granular level details about ownership and economic interests.
• The new norms will be applicable for FPIs that concentrate holdings in a single corporate group.
ii.Under the proposed framework, FPIs with concentrated single group equity exposures or significant equity
holdings will be mandated to make additional granular disclosures.

iii.Such FPIs will be required to provide granular level disclosures regarding ownership, economic interest, and
control rights on a full look–through basis.
iv.Applicability and Excemption:
• Thus the FPIs holding more than 50% of their equity Asset Under Management (AUM) in a single
corporate group or FPIs that individually, or along with their investor group hold more than Rs
25,000 crore in the Indian markets would be required to comply with the new requirements.
• The funds owned by the government, sovereign wealth funds, pension funds and public retail funds
will be exempted, said the market regulator.
-Better redressal for investor grievances
i.SEBI strengthened the investor-grievance mechanism by integrating the SEBI Complaint Redressal System
(SCORES) with the online dispute resolution (ODR) mechanism.
ii.SEBI plans to reduce timelines and introduce auto-routing of the complaint to concerned regulated entities
and auto-escalation of complaintsin case of non-adherence to the prescribed timelines by the regulated entity.
iii.2 levels of Review:
• SEBI is also providing two levels of review in which at the first review will be by the designated
body if investor is dissatisfied with resolution provided by concerned regulated entity.
• The second review will be by SEBI if the investor is still dissatisfied after the first review.
-Listing and voluntary delisting of NCDs
i.SEBI board has approved the introduction of provisions related to the listing of non-convertible debt
securities and voluntary delisting of NCDs. ‘
ii.If an entity with listed debt securities has outstanding unlisted NCDs as on December 31, 2023, the entity
would now have the option to list them, but it would not be mandatory to do so.
iii.Also, entities having privately placed, listed debt securities wherein the number of debt security holders is
less than 200, will be eligible to delist their debt securities under this framework.
-Direct participation by clients in Limited Purpose Clearing Corporation (LPCC)
i.Since timely availability of funds and securities is critical in a repo market, direct participation of both
borrowers and lenders can widen the market.
ii.The SEBI board has approved the proposal to additionally facilitate participation by entities desiring direct
participation (not through a clearing member) in repo transactions in corporate bonds of the Limited Purpose
Clearing Corporation (LPCC).
Note: In September 2020, the SEBI board approved the proposal to set up LPCC for clearing and settling repo
transactions in corporate debt securities.
-SEBI Annual Report
The board also considered and approved the SEBI Annual Report 2022-23. the report will be submitted to the
Government of India in compliance with section 18(2) of the SEBI Act 1992.
About Securities and Exchange Board of India:
Chairperson– Madhabi Puri Buch
Establishment– 1992
SEBI mandates Certification for ESG rating providers within 6 months; Tightens Disclosure
Norms for Listed Firms
The Securities and Exchange Board of India (SEBI) has mandated that all entities providing ESG
(Environmental, Social, Governance) rating services to Indian entities to get a certification from it within 6
months w.e.f. July 3, 2023.
• A person acting as an ESG rating may continue to do so for a period of six months from the date of
this regulation coming into force.

This information by SEBI is issued in exercise of the powers conferred by Section 11 (1) of
SEBI Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations,
1999, to protect the interest of investors and to regulate the securities market.
Key Points:
i.To render their ESG rating services, institutions will have to be incorporated as a company under the
Companies Act, 2013, with ESG marked as the main object under their Memorandum of Association (MoA).
ii.That institution will have to disclose their methodologies for all ratings on their website, and declare the
weightage given to all ESG factors in the final score.
iii.Foreign entities too will have to attain certification from the SEBI. The foreign ESG rating provider will need
a minimum of 5 years of relevant experience before they can render services to Indian businesses.
iv.This new provision will led to transparency and reasoning, and help in minimizing biases as Indian
companies tend to get worse ratings compared to their European counterparts without complete and proper
explanation
Note: ESG Rating Providers are regulated under the provisions of SEBI
(Credit Rating Agencies) Regulations, 1999 (CRAR Regulations as amended with effect from
July 4, 2023) that inter-alia prescribe guidelines for registration of ERPs, general obligations of
ERPs, manner of inspection and code of conduct applicable to ERPs.
Click Here for Official Circular
SEBI tightens disclosure norms for listed firms
SEBI has also tightened the disclosure norms for listed companies with strict timelines and introduced criteria
for determining the materiality of events w.e.f. July 15, 2023.
• This information by SEBI
is issued in exercise of the powers conferred under sections 11(1) and 11A of the SEBI Act,
1992 and regulation 101 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015/LODR Regulations, 2015.
What is under the new framework?
i.Listed companies must reveal family settlement agreements that can affect their management and control to
stock exchanges. If the listed entity is involved in the agreement, it must be disclosed within 12 hours, and if it’s
not involved, within 24 hours.
ii.Disclosure time for important events or information, such as acquisitions, Scheme of Arrangement, share
consolidation, and securities buyback, has been reduced from 24 hours to 12 hours.
iii.Decisions made in a board meeting must be disclosed within 30 minutes after the meeting ends.
iv.If the information doesn’t originate from the listed entity, it should be disclosed within 24 hours of the event.
v.In case a company’s board grants in-principle approval or permission to explore (which isn’t final approval),
it doesn’t need to be disclosed.
Click Here for Official Notification
i.SEBI decided to establish the Corporate Debt Market Development Fund (CDMDF) in the form of an
Alternative Investment Fund (AIF) with an initial corpus of Rs 3,000 crore to act as a backdrop facility for the
purchase of investment-grade corporate debt securities during times of stress.
ii.Emkay Global Financial Services has received in-principle approval from the Investment Management
Department of the Securities and Exchange Board of India (SEBI) for sponsoring a Mutual Fund (MF) business
and incorporate an Asset Management Company (AMC).
About Securities Exchange Board of India (SEBI):
Chairperson -Madhabi Puri Buch
Establishment – 12 April 1992

BSE, NSE & SEBI allowed Micro-Cap Stocks under ESM to trade on All Days
On July 18, 2023, a joint discussion of Bombay Stock Exchange (BSE), National Stock Exchange (NSE) Securities
and Exchange Board of India (SEBI) decided to lift trading curbs on micro-cap stocks that come under
Enhanced Surveillance Measures (ESM).
• The revised framework is applicable from July 24, 2023.
• This will ease rules for trading in stocks that remain under ESM framework and also enhance their
liquidity.
Note: The revised framework comes days after BSE-listed Mercury EV Tech had moved Securities Appellate
Tribunal (SAT) to challenge the ESM framework. The next hearing was scheduled for July 25, 2023.
Changes in ESM Framework:
i.The rule of 100% margin remains unchanged.
ii.Now, the stocks under ESM Stage-II are allowed trade-for-trade (T2T) settlement on daily basis (trading
days) from Monday with +/- 2% price band under Periodic Call Auction. Earlier, these were allowed to trade
only once a week with Periodic Call Auction.
Table showing existing Rules and New Rules:
Stage Existing Surveillance Action Revised Surveillance Action
Applicable margin shall be 100% from T+2 day.
AND Trade for Trade settlement with price band of
I 5% OR 2% (In case scrip is already in 2% band) No Change
Trade for Trade settlement with price band of 2%. Trade for Trade settlement AND 100% Margin
AND Trading permitted once a week with Periodic AND Trading permitted with +/- 2% price band on
II Call Auction. all trading days under Periodic Call Auction
Click Here for Official Notification
What is ESM?
From June 5, 2023, BSE and NSE had introduced ESM framework for companies/stocks with a market
capitalisation below Rs 500 crore to curb excess volatility by monitoring and controlling the price fluctuations
of small-cap companies, and to ensure stability and transparency in the market.
• The parameters for short-listing the securities under the ESM framework include high-low price
variation and close-to-close price variation.
• Both BSE and NSE have jointly implemented ESM.
About National Stock Exchange (NSE):
Managing Director & CEO– Ashishkumar Chauhan
SEBI Expands Scope of ESG Investing, Allows Six New Strategies for Mutual Funds
On 20 July 2023, the Securities and Exchange Board of India(SEBI), the regulator of the securities market,
through a circular allowed Asset Management Companies(AMC) to introduce six new strategies under the
Environmental, Social and Governance (ESG) category.
• Currently, mutual funds are restricted to offer only one scheme with ESG investing under the
thematic category for equity schemes.
• The six sub-categories to the ESG theme, namely exclusion, integration, best-in-class and positive
screening, impact investing, sustainable objectives, and transition-related investments.
• The move aims to accommodate the growing demand for green financing.
Six new strategies:
i.‘Exclude’ securities based on specific ESG-related activities, business practices, or segments, with
characteristics like adverse impact, controversy, or faith-based criteria.
ii.‘Integration‘ themed funds consider ESG-related factors alongside traditional financial factors when making
investment decisions.
iii.‘Best-in-class & Positive Screening’ strategy aims to invest in companies outperforming peers on ESG-

related performance metrics.
iv.‘Impact‘ investing seeks a positive, measurable social or environmental impact alongside a financial return,
with fund managers detailing the methodology used and monitoring non-financial impacts.
v.‘Sustainable‘ objective funds invest in sectors, industries, or companies expected to benefit from long-term
macro or structural ESG-related trends.
vi.‘Transition or Transition Related’ schemes focus on companies supporting environmental transition and
just transition.
Mutual funds will be required to clearly disclose the name of the ESG strategy in the name of the respective ESG
fund or scheme.
Criteria:
SEBI introduced a more comprehensive framework for ESG rating called ‘BRSR Core’ (Business Responsibility
and Sustainability Reporting Core) to establish the basic criteria and metrics that companies need to disclose
and comply with to receive an ESG rating.
• SEBI has issued a mandate for ESG schemes, requiring them to invest a minimum of 65% of their
Assets Under Management (AUM) in listed entities(against present 80%) that provide assurance on
the BRSR (Business Responsibility and Sustainability Reporting) Core. The remaining AUM of the
scheme can be invested in companies with BRSR disclosures. This requirement will come into effect
from October 1, 2024.
• If there is a change in Environmental, Social, and Governance Rating Provider(ERP), the reason for
such a change must be disclosed in the next monthly portfolio statements of ESG schemes.
Note: BRSR or Business Responsibility and Sustainability Report requires listed companies in India to disclose
information under the nine principles of the National Guidelines on Responsible Business Conduct.
SEBI Rolled out Framework for CDMDF; mandates FPIs to disclose LEI Code
On July 27, 2023, the Securities and Exchange Board of India (SEBI) rolled out the Framework for Corporate
Debt Market Development Fund (CDMDF) which aims to establish a Backstop Facility to purchase
investment-grade corporate debt securities, enhance secondary market liquidity, and boost confidence among
the participants in the Corporate Debt Market during periods of stress.
• It complies with the Guarantee Scheme for Corporate Debt (GSCD) notified by the Ministry of
Finance on July 26, 2023.
• This information by SEBI was provided in the exercise of its powers conferred under Section 11 (1)
of the SEBI Act, 1992, read with the provisions of
regulations 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interest of investors in
securities and to promote the development of securities market.
Points to note:
In June 2023, Chapter III-C was inserted vide amendments to SEBI (Alternative Investment Funds) Regulations,
2012 to facilitate the constitution of CDMDF, an Alternative Investment Fund.
On 28th July 2023, Finance Minister Nirmala Sitharaman launched CDMDF with the aim of advancing the
corporate bond market.
Key features of CDMDF:
The Subscribers:
CDMDF units will be subscribed by AMCs (Asset Management Companies) of Mutual Funds (MFs), and specified
debt-oriented Mutual Fund (MF) schemes excluding overnight funds and Gilt funds and including conservative
hybrid funds.
MF Contribution:
i.MF will contribute 25 basis points (bps) of the specified debt Asset under Management (AUM) to CDMDF. This
will lead to a contribution of Rs 2,242 crore by MFs to CDMDF.
• Incremental contributions will be made by specified debt schemes as their AUM increases every 6
months to maintain the 25 bps investment in CDMDF.

ii.Association of Mutual Funds in India (AMFI) will calculate and inform each MF scheme of their contributions,
starting from this December 2023.
Key Guidelines:
i.It is a close-ended scheme with an initial tenure of 15 years after contributions from all Asset Management
Companies (AMCs).
ii.CDMDF will purchase securities only from the secondary market that are investment-grade, listed, have a
credit rating, and have a residual maturity of up to 5 years.
iii.It will not buy unlisted, below investment grade, defaulted securities, or those with a material possibility of
default or adverse credit news/views.
iv.During normal times, the fund will deal in only securities such as low-duration government securities (G-
Sec), treasury bills, tri-party repo on G-sec and Guaranteed corporate bond repo with a maturity not exceeding
seven days.
v.The sellers will receive 90% of the consideration in cash and 10% in the form of CDMDF units, bearing the
risk of first loss and redeemable during the scheme’s tenure.
vi.If the debt AUM decreases, there will be no return or redemption from CDMDF, and delayed contributions
will incur an annual interest of 15%.
Note: Within a period of 3 months, stock exchanges must create a distinct window on the current Request for
Quote (RFQ) platform to enable purchases, while clearing corporations are also instructed to establish the
necessary infrastructure for corporate debt trade settlement by CDMDF during market dislocation.
Disclosure and Fees:
i.CDMDF will disclose the Net Asset Value (NAV) by 9:30 pm on all business days on its investment manager’s
website and AMFI’s website.
ii.CDMDF will charge 0.15% of the portfolio value charged on a daily pro-rata basis during normal times, and
0.2% during market stress.
Click Here for Full Official Framework by SEBI
SEBI Mandates Non-Individual FPIs to Disclose Legal Entity Identifier Code
SEBI mandates all non-individual Foreign Portfolio Investors (FPIs) to disclose their Legal Entity Identifier
(LEI) code to improve the quality and accuracy of financial data systems for better risk management.
• Presently, FPIs are required to provide their LEI details in the Common Application Form (CAF),
used for registration, KYC (Know Your Customer) and account opening of FPIs on a voluntary basis.
What is LEI?
LEI is a unique 20-character global code, that is used to identify legally distinct entities involved in financial
transactions.
Key Points:
i.RBI requires non-individual borrowers with aggregate exposure above Rs 25 crore to obtain an LEI code.
ii.SEBI mandates all existing FPIs (including those applying for renewal) to provide their LEIs to their
designated depository participant (DDPs) within 180 days.
• If failure, their accounts are blocked for further purchases until the LEI is provided.
iii.FPIs must ensure that their LEI is always active.
• Accounts of FPIs with expired or lapsed LEI codes will be blocked for further purchases until the LEI
code is renewed.
This information by SEBI was provided in the exercise of its powers conferred under Section 11 (1) of the SEBI
Act, 1992, read with Regulations3(2), 22(1)(j) and 44 of SEBI (FPI) Regulations,2019, to protect the interest of
investors in securities and to promote the development the securities market.
i.SEBI has mandated alternative investment funds (AIFs) to provide investors with the option of a “direct plan”
and introduced a trail model for distribution commission. The framework for direct investments will go into
effect on May 1, 2023.

ii.Due to the rise of dependence on cloud computing for delivering IT (Information Technology) services, SEBI
drafted a cloud framework for the adoption of Cloud Services by SEBI Regulated Entities (REs).
About Securities Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Establishment – 12 April 1992
LOANS ISSUED BY BANKS

Flipkart with Axis Bank Launches Personal Loans to Attract New Customers
In collaboration with Axis Bank, Flipkart, the leading e-commerce company in India, has introduced a personal
loan service accessible through Flipkart’s app. This loan facility allows individuals to obtain up to Rs 5 lakh,
with a remarkable approval time of just 30 seconds and eliminates the need for document submission.
• By offering personal loans, Flipkart is hoping to attract new customers who may be unable to afford
large purchases outright.
• Expanding on the financing options available to customers alleviates the immediate burden of large
purchases, encouraging higher transaction volumes and fostering customer loyalty & trust
Other services :
i. In addition to personal loans, Flipkart also offers a “buy now, pay later” option, EMI payments, and a co-
branded credit card.
• This move gives Flipkart a competitive advantage in the long run, as more and more Indians turn to
online shopping and financial services.
About Axis Bank:
Managing Director (MD) & Chief Executive Officer (CEO) – Amitabh Chaudhry
Established in – 1993 (begun operations in 1994)
Tagline – Badhti ka Naam Zindagi
About Flipkart:
Chief executive Officer (CEO) – Kalyan Krishnamurthy
Headquarters – Bengaluru, Karnataka
IIFL Home Finance raises loan of USD 50 million from US International Development Finance
Corp
IIFL Home Finance Limited (IIFLHFL), a digital first home finance company and a subsidiary of IIFL Finance,
secured a USD 50 million loan from the United States of America (US) International Development Finance
Corp (DFC) in order to expand its portfolio of affordable home financing specifically targeting sustainable
housing.
• The fund was raised at a concessional rate of 5.72%, which includes the hedging cost. Its funding
cost on average is 8.4%.
• The deal marks the growing confidence that foreign investors have in India’s affordable housing
market, which is growing rapidly with government focus.
Note: For the second time in 2023, IIFLHFL, the mortgage lender is raising debt. It had obtained USD 68 million
from the Asian Development Bank in January 2023.
AGREEMENTS & MoUs SIGNED

Kotak Bank partnered with NPCI to offer Rupay Credit Cards on UPI
Kotak Mahindra Bank Limited (KMBL/Kotak) partnered with the National Payments Corporation of India
(NPCI) to introduce the facility of linking its RuPay Credit Card to a Unified Payments Interface (UPI) with

UPI-enabled apps. The Kotak RuPay Credit Card will be linked to Virtual Payment Address (VPA), a UPI ID, to
enable safe and secure payment transactions. With this, Customers are no longer needed to carry their physical
credit cards.
• Customers of KMBL can select from 7 RuPay Credit Cards and scan Quick Response (QR) code or
perform transactions on Point of Sale (POS) throughout India.
The linkage will also provide customers with a reward and an interest-free credit period of up to 50 days.
Paytm partnered with Shriram Finance to increase digital Financial Services and boost Loan
distribution
On 30th June 2023, Paytm announced a strategic partnership with Shriram Finance, a non-banking finance
company (NBFC) of the Chennai (Tamil Nadu)-based Shriram group, to extend financial services to its users,
including loan products. Under this partnership, Shriram Finance products will be made available on Paytm’s
platform digitally.
• This partnership combines Paytm’s wide reach and technology framework with Shriram Finance’s
lending expertise as the largest retail NBFC in rural areas of India.
This strategy supports Paytm’s leadership as a loan service provider (LSP) focussing on compliance and quality
of loans.
Indian Bank and NeSL Collaborate to Introduce Digital Services under Project WAVE
Indian Bank, a leading public sector lender, joined hands with National E-Governance Services Ltd (NeSL) to
roll out a range of digital services as part of its ambitious digital transformation initiative, Project WAVE
(World of Advance Virtual Experience), which was initiated in January 2022. These innovative services are
set to revolutionise the banking experience by significantly reducing the turnaround time for bank guarantee
issuance and delivery.
i. As part of their digital transformation efforts, Indian Bank and NeSL have introduced an electronic bank
guarantee (e-BG) service to replace traditional paper-based processes.
ii. This move eliminates the need for physical stamp paper and customer signatures, replacing them with digital
stamping and e-signing.
The result is a streamlined process that reduces the average turnaround time for bank guarantees from the
industry standard of 3-4 working days to just a few minutes.
Additional Info:
In addition, Indian Bank has launched a fully digital process for eligible individuals and businesses to access
pre-approved business loans.
• The digital vehicle loan product allows individual customers to obtain their desired vehicle with
ease, with loan values of up to Rs 25 lakh available.
Future Outcomes:
The partnership with NeSL and the implementation of Project WAVE will empower customers with faster and
more efficient processes, revolutionizing the way banking services are delivered.
About Indian Bank:
MD & CEO – Shanti Lal Jain
Headquarters – Chennai, Tamilnadu
Tagline – Your Own Bank
IDFC FIRST Bank, Club Vistara, & Mastercard has Introduced Travel Credit Card
IDFC FIRST Bank Ltd has collaborated with Club Vistara and Mastercard to introduce a travel credit card that
aims to enhance travel experiences and lifestyle-related offers to cardholders.
• The new card will provide banking services with travel incentives.

Features and Benefits:
i.The rewards structure is based on Club Vistara Points, with accelerated points for different spending
categories.
ii.Cardholders can receive Club Vistara Points, lounge benefits, birthday benefits, annual rewards, golf benefits,
and cover for canceled flight and hotel bookings.
iii.The joining benefits include a free Premium Economy flight ticket along with an upgrade voucher.
iv.The card offers CFAR(Cancel For Any Reason) Insurance, providing coverage for non-refundable
components of travel bookings.
v.The card offers tiered annual rewards based on cumulative annual spending. Cardholders who spend more
than Rs.1,50,000, Rs.3,00,000, Rs.4,50,000, Rs.9,00,000, or Rs.12,00,000 will unlock additional Premium
Economy Class tickets as a reward.
Additional info:
IDFC FIRST Bank– a bank founded by the merger of Capital First and IDFC Bank in December 2018.
Club Vistara– TATA SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between
Tata Sons Private Limited and Singapore Airlines Limited (SIA).
MasterCard– a worldwide association of banks and financial institutions.
About IDFC FIRST Bank Ltd:
Managing Director(MD) & Chief executive officer(CEO)- V. Vaidyanathan
Established- 2018
Max Life Insurance partnered with DCB Bank to offer insurance products
Max Life Insurance Company Ltd partnered with DCB Bank Ltd to offer different types of life insurance
products to the DCB bank customers including Term, Savings and Retirement Plans to secure their financial
future and increase their investment portfolio.
• The partnership aims to empower DCB Bank’s customers by providing them with innovative and
flexible life insurance products that cater to their needs.
• Under this partnership, DCB Bank customers will get access to Max Life’s protection and long-term
savings products, providing financial stability for themselves and their family.
Note: DCB Bank is a new-generation private sector bank with 427 branches (as on 31st March 2023) across
India.
PayU, AWS India & Chiratae Ventures partners to launch ‘inFINity’ – a Fintech Accelerator for
Early-Stage Start-Ups
On July 12, 2023, PayU Payments Private Limited(PayU), leading payments solution provider, in collaboration
with Amazon Web Services(AWS) India and Chiratae Ventures, a venture capital firm, launched a 45-day
fintech accelerator program called ‘inFINity’ for early-stage startups in India.
Key Points:
i.The deadline to apply for the program is August 11, 2023. Selected applicants will be announced on August 17,
and the program will begin on August 31 with a three-day in-person boot camp in Bengaluru(Karnataka),
followed by four weeks of intensive online training.
ii.Startups applying for the program should either be self-funded or have raised less than $5 million in funding.
They should also be seeking Seed to Series A funding and have a minimum viable product (MVP) already
developed.
iii.The cohort will receive training and mentorship sessions, including access to PayU experts who will guide
them in scaling their business operations and expanding their customer base.
About PayU Payments Private Limited(PayU):
CEO of PayU India– Anirban Mukherjee
Headquarters– Gurugram, Haryana

IFSCA & BITS Pilani PIEDS Finxcelerator signed MoU to support FinTech & TechFin entities
On 13th July 2023, the International Financial Services Centers Authority (IFSCA) and Pilani Innovation &
Entrepreneurship Development Society (PIEDS), Birla Institute of Technology and Science
(BITS), Pilani (Rajasthan) signed a Memorandum of Understanding (MoU) at BITS Pilani PIEDS Finxcelerator,
Pilani Campus in Rajasthan.
• The MoU aims to set up a framework for cooperation and understanding between IFSCA and BITS
Pilani PIEDS Finxcelerator to collaborate in supporting and facilitating FinTech and TechFin entities.
• The MoU will enable cooperation and collaboration on diverse initiatives regarding FinTech.
Note:
• Finxcelerator is the joint initiative by the Reserve Bank Innovation Hub (RBiH) and PIEDS, BITS
Pilani.
IFSCA is responsible for development and regulation of international financial services, including that of the
insurance sector, in the Indian Financial System Code (IFSC), which is treated as a separate international
financial jurisdiction, distinct from the rest of India.
PNB Partners with Amul to Support Finance Dealership Network

On 1st July 2023, Punjab National Bank (PNB) has signed a Memorandum of Understanding(MoU) with the
Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), known as “AMUL” to offer financial services to
Federation’s supply network pan India under the Micro Units Development & Refinance Agency Ltd (MUDRA)
scheme.
The MoU was signed at PNB’s corporate office Dwarka, New Delhi, Delhi in the presence of Jayen Mehta,
Managing Director(MD), GCMMFL, M. Paramasivam, Executive Director, PNB and other senior officials of PNB
and Amul.
• Under this MoU, PNB will finance Amul’s retailers, wholesale dealers/area milk distributors and
exclusive Amul preferred outlets-milk parlours through small ticket financing under MUDRA.
• PNB will integrate with various digital channels like QR codes, POS (point of sale), UPI (Unified
Payment Interface), etc., supply chain finance and EMI (Equated Monthly Instalment) collection
digitally, and providing working capital limits.
This partnership aims to support 11 lakh retailers, wholesale dealers and others.
Union Bank of India Partners with IBM India to co-create Digital Business Platform
Union Bank of India (UBI), one of the leading public sector bank (PSB) in India, partnered with IBM India
Private Limited to create a state-of-the-art Digital Business Platform, focusing on Omni-channel experiences
and data-driven hyper-personalization and a comprehensive financial services superstore designed for
seamless cross-selling and upselling.
This partnership promotes digital revolution in the banking industry and paves the way for a brighter, more
convenient future of banking services.
Features:
i.Omni-Channel Experience ensures the flexibility of the customers to engage with the bank through various
channels, including mobile, online, and in-branch.
• This multi-dimensional approach enables users to access their accounts anytime, anywhere,
ensuring exceptional convenience.
ii.The integration of data-driven hyper-personalization allows UBI to serve the unique financial needs of each
individual customer.
Key Points:
i.The Digital Business Platform will also facilitate full digital transfers, providing exceptional convenience and
efficiency to the customers.
ii.Union Bank of India will support Open Banking capabilities, allowing for perfect integration of services across
multiple partnerships.

iii.This digital-first approach provides faster and more efficient transactions, contributing to enhanced
customer satisfaction.
iv.The bank ensures a hassle-free experience for its customers by making more efficient processes and
eliminating unnecessary paperwork.
About Union Bank of India:
MD&CEO– A. Manimekhalai
Established on– 11th November 1919
Tagline– Good people to bank with
HDFC Bank partners with Davara KGFS for Co-lending Loans to Micro Enterprises
Dvara Kshetriya Gramin Financial Services (KGFS), Chennai(Tamil Nadu) based Non-Banking Financial
Company (NBFC), and HDFC Bank Limited have entered into a co-lending partnership to provide business
capital to micro enterprises operating primarily in the unorganised sector, that have limited access to formal
sources of finance.
• The partnership aligns with the Dvara KGFS’s 2023 Annual Operating Plan (AOP) looking to enable
credit for micro businesses across the 10 states that it serves.
• This partnership will increase Dvara KGFS’s capabilities in empowering the operations of micro
business in rural areas.
• The co-lending collaboration between banks and NBFCs encouraged by the Reserve Bank of India
(RBI) has been a promising development to address the credit gap in the Micro, Small & Medium
Enterprises (MSME) sector.
Dvara KGFS launched its Enterprise Loans vertical in 2020 with focus on 3 value chains namely grocery, dairy
and agriculture. It has assisted numerous beneficiaries with working capital and business growth loans so far.
OTHER BANK NEWS

World Bank Approves USD1.5 Billion to Support India’s Low-Carbon Transition
On 29th June 2023, The World Bank granted USD1.5 billion in financing to accelerate India’s development of
low-carbon energy sources. This funding aims to assist India in scaling up renewable energy, fostering the
growth of green hydrogen, and stimulating climate finance for investments in low-carbon energy.
• The program’s objectives include scaling up renewable energy supply to reduce costs and improve
grid integration.
• This will assist India in achieving its target of 500 GW of renewable energy capacity by 2030.
• The government plans to issue bids for 50 GW of renewable energy each year from FY23-24 to
FY27-28, which will avoid carbon emissions of 40 million tons per annum by 2026.
Disbursement of loan
• The International Bank for Reconstruction and Development (IBRD) is providing a loan of USD 1.44
billion, supported by a USD 1 billion backstop from the United Kingdom, to enhance the World
Bank’s climate change financing to India.
• Additionally, a credit of USD 56.57 million from the International Development Association (IDA) is
sourced from the recommitment of previously cancelled IDA credit balances.
Background:
India, a rapidly growing economy, currently has lower per capita energy consumption compared to the global
average. To align with its objective of achieving net-zero emissions by 2070, India aims to gradually phase out
the use of fossil fuel-based energy sources.
Green Hydrogen production in India:
i.The Indian government has introduced highly anticipated incentive schemes, valued at over ₹17,000 crore, to
promote the production of green hydrogen.

• The First Low-Carbon Energy Programmatic Development Policy Operation, the first of two
planned operations, will facilitate India’s development of green hydrogen.
• Through this program, the implementation of the National Green Hydrogen Mission will be
supported. This mission aims to attract USD100 billion in private sector investments by 2030.
• This program will support the implementation of policies for a national carbon credit trading
scheme, facilitating the launch of a national carbon market.
ii. In January 2023, India issued its first sovereign green bond. The program will further support policy actions
to issue USD6 billion in sovereign green bonds by 2026.
• This lending is also in line with the Bank’s Hydrogen for Development (H4D) Partnership
launched during the 27th Conference of the Parties (CoP27).
World Bank Approves USD200 Million Loan to Boost Renewable Energy in Himachal Pradesh
On 27 June 2023, World Bank approved the USD200 million loan to Government of Himachal Pradesh with a
maturity period of 14.5 years, including a grace period of 4.5 years. The objective of the loan is to facilitate
power sector reforms in the state and accelerate the adoption of renewable energy (RE) in its electricity
generation.
• This will help to achieve the state’s objective of adding 10,000 megawatts (10 gigawatts) of
additional RE capacity to make the state’s power supply greener.
• The World Bank’s Himachal Pradesh Power Sector Development Program will contribute to
enhancing the utilisation of existing renewable energy resources, particularly hydropower, and
diversifying the state’s energy mix.
Key points:
i.Himachal Pradesh’s ambitious target is to become a ‘Green State’ by 2030, meeting all its energy needs
through renewable and green sources. Currently, over 80 percent of Himachal Pradesh’s energy demands are
fulfilled by hydropower.
ii.As part of the program, 150 megawatts of solar capacity will be added, resulting in a reduction of more than
190,000 metric tons of greenhouse gas emissions annually.
iii.This initiative also aligns with the National Apprentice Promotion Scheme implemented by the Ministry
of Skill Development and Entrepreneurship by providing training and hands-on exposure in the power sector
for about 700 female apprentice
About World Bank:
Establishment – July, 1944
Headquarters – Washington DC, United States of America(USA)
President – Ajay Banga
Five Institutions of World Bank Group:
1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency (MIGA)
International Centre for Settlement of Investment Disputes (ICSID)
UST Joins Project Rosalind to Develop API Prototypes for CBDC

On 28 June 2023, Digital Transformation Solutions Provider UST joined Project Rosalind, an initiative led by
the Bank for International Settlements (BIS) and the Bank of England (BoE) to develop Application
programming interface (API) prototypes for central bank digital currencies (CBDC).
• The project aims to explore the potential impact of CBDCs on various sectors and to develop a well-
designed API layer that can enable interaction between a central bank ledger and private sector service
providers for safe and efficient retail CBDC payments.
About Project Rosalind:
Project Rosalind has advanced central bank innovation by exploring the role of API layers in supporting retail

CBDC systems and facilitating safe and secure CBDC payments through various use cases.
Key Points:
UST collaborated with BIS and BoE to develop an API layer comprising 33 API endpoints grouped into six
functional categories. The project has demonstrated the potential of API layers to securely distribute CBDCs
through private sector service providers.
i. UST has joined Project Rosalind to develop API prototypes for CBDC.
ii. The project has demonstrated the potential of API layers to securely distribute CBDCs through private sector
service providers.
iii. Project Rosalind has advanced central bank innovation by exploring the role of API layers in supporting
retail CBDC systems.
About Bank for International Settlements (BIS):
The Bank for International Settlements (BIS) is an international financial institution that serves as a bank for
central banks.
Chairperson – François Villeroy de Galhau
Headquarters – Basel, Switzerland.
About UST:
Headquarters – California, United States of America (USA)
Executive Chairman – Paras Chandaria
Merger Between HDFC Ltd and HDFC Bank Ltd Receives Final Board Approval
In a significant development, the merger between Housing Development Finance Corporation (HDFC)Ltd
and HDFC Bank Ltd has successfully obtained final board approval . With a valuation of around USD 40 billion,
this unprecedented merger creates a financial services powerhouse.
Milestone Merger
i.Composite Scheme of Amalgamation for merger:
• HDFC Investments Limited and HDFC Holdings Limited merged with HDFC Limited.
• HDFC Limited merged with HDFC Bank Limited has became effective from July 1, 2023.
Background:
Competition Commission of India (CCI), the National Company Law Tribunal (NCLT) approved the merger on
March 17, 2023.The merger was initially approved by HDFC Bank’s board on April 4, 2022, in accordance
with Sections 230 to 232 of the Companies Act, 2013, and the associated regulations.
Key Points:
i. With a combined valuation of USD 172 billion, the merger will impact millions of customers, shareholders,
and various businesses associated with both HDFC and HDFC Bank, including group insurance and asset
management ventures.
ii. With an impressive asset base of approximately Rs 18 lakh crore, the merged entity aims to establish a
comprehensive ecosystem of financial services.
iii.The subsidies of HDFC Limited, including HDFC Life Insurance Company Limited, HDFC Asset Management
Company Limited and HDFC Ergo General Insurance Company Limited, have become subsidiaries of HDFC
Bank with effect from July 01, 2023.
iv.Now,HDFC Bank subsidiaries include HDFC Securities Ltd., HDB Financial Services Ltd., HDFC Asset
Management Co. Ltd, HDFC ERGO General Insurance Co. Ltd., HDFC Capital Advisors Ltd. and HDFC Life
Insurance Co. Ltd.
v.As a result of the merger, HDFC Bank has now become the promoter of the two insurance companies.
Furthermore, effective from July 1, 2023, HDFC Bank has taken over as the co-sponsor of HDFC Mutual Fund, a
mutual fund registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996, replacing HDFC Limited.

Additional Info:
HDFC Bank has scheduled July 13, 2023 as the date for determining share allotments for HDFC shareholders.
Additionally, HDFC’s non-convertible debentures will be transferred to the bank on July 12, 2023, with
commercial papers to be transferred on July 7, 2023.
HDFC Bank to become India’s 2nd biggest company
After merging with mortgage lender HDFC, HDFC Bank is set to become the world’s fourth most valuable bank
based on market capitalization and emerge as the second biggest company in India.
• The merger’s completion will witness HDFC Bank securing its position as the second most valuable
company in India, just behind the formidable Reliance Industries, which held a market capitalization
of USD 210 billion.
• The merged entity holds a market capitalization of USD 172 billion, outshining banking giants
Industrial and Commercial Bank of China Ltd and Bank of America, and trailing only the formidable
JPMorgan Chase.
Chairman of HDFC Deepak Parekh Announces Retirement Ahead of Bank’s Merger
Deepak Parekh, the esteemed chairman of Housing Development Finance Corporation (HDFC), has announced
his retirement as HDFC prepares to merge with HDFC Bank, marking the end of his remarkable 45-year tenure.
Parekh played a pivotal role in transforming HDFC into India’s largest financial services conglomerate, covering
sectors like banking, asset management, insurance, and real estate.
i. Parekh served on the boards of prestigious corporations globally, including DP World, Fairfax Financial
Holdings, and Economic Zones World.
ii. He was actively involved in influential economic groups and advisory committees, focusing on areas such as
infrastructure, housing, and capital markets.
Awards received:
Deepak Parekh received following awards such as
Country Award Year
India Padma Bhushan 2006
France Knight in the Order of the Legion of Honour 2010
Germany Bundesverdienstkreuz Cross of the Order of Merit 2014
He also received first international recipient of the Outstanding Achievement Award by Institute of Chartered
Accountants in England and Wales, in 2010
About Housing Development Finance Corporation (HDFC) Bank:
Chairman – Mr. Atanu Chakraborty
MD & CEO – Sashidhar Jagdishan
Tagline – We Understand Your World
World Bank Approves Bank of Israel’s Membership to Join the ICCR

The World Bank on June 2023 issued an official approval for the Bank of Israel to join the International
Committee on Credit Reporting (ICCR), a permanent structure of the World Bank, constituting a unique
worldwide committee on credit reporting.
Background:
i.Since November 2022, the World Bank has taken internal steps to approve the Bank of Israel’s membership to
the ICCR.
ii.Voting was held among the Committee members at the winter meeting of the ICCR in November 2022 and it
was decided unanimously to approve the Bank of Israel’s accession as a member of the ICCR.
About International Committee on Credit Reporting ICCR:
i.The World Bank (WB) with the support from the Bank for International Settlements (BIS) created and

coordinated the ICCR in 2009.
ii.ICCR is the only recognized international standard setter and guideline issuer on credit reporting, which
includes representatives of central banks around the world and private financial regulators.
iii.It supports a broad, forward-looking, approach to issues in the world of credit reporting, achieving
agreements regarding policy aspects that affect the public interest.
iv.It sets out recognized international credit reporting standards with regard to credit reporting and credit data
sharing, which can be implemented by the member countries.
Responsibilities of ICCR:
The Committee is responsible to:
• Further develop the international agreed framework in its general principles
• Identify areas of further consideration and
• Dedicate resources to the elaboration of papers, reports, guidelines and other relevant materials
that will effectively support the adequate implementation of the General Principles.
Chair of ICCR– Jean Pesme
About Bank of Israel:
Governor– Amir Yaron
Director General– Shulamit Geri
Headquarters– Jerusalem, Israel
Established in– 1954
Indian Overseas Bank Launches RuPay Select Debit Card, Offering Exclusive Luxury Benefits
On 4th July 2023, Indian Overseas Bank (IOB) introduced the all-new RuPay Select Debit card, aiming to
provide customers with a comprehensive blend of luxury, convenience, and security. With a host of exclusive
benefits, including access to gyms, complimentary health check-ups, golf lessons, spa services, and lounge
privileges at select domestic and international airports, this new debit card promises a premium banking
experience for IOB customers.
• With the introduction of the RuPay Select Debit card, Indian Overseas Bank aims to enhance its
customers’ banking experience by offering a range of exclusive luxury benefits.
• This initiative not only provides convenience and security but also reflects IOB’s commitment to
meeting the evolving needs and expectations of its valued customers.
Eligibility Criteria:
i. To be eligible for the RuPay Select Debit card, individuals must maintain a savings bank account or a
certificate of deposit (CD) with IOB, with an average daily balance of Rs. 1 lakh.
ii. The cash withdrawal limit is set at Rs. 50,000, while the daily limit for merchant establishment usage (PoS) is
Rs. 5 lakh. For e-commerce transactions, users can spend up to Rs. 3.5 lakh per day.
The issuance fee for the card is Rs. 800, along with applicable GST, and an annual maintenance fee is also
charged.
Additional Info:
• IOB customers will enjoy five free transactions (both financial and non-financial) at IOB ATMs.
Subsequently, a charge of Rs. 10 plus GST will be levied for each financial transaction, including cash
withdrawals and deposits.
• Non-financial transactions, such as checking bank statements and mini statements, will incur a
charge of Rs. 5 plus GST.
About Indian Overseas Bank (IOB):
MD & CEO – Ajay Kumar Srivastava
Headquarters – Chennai,Tamil Nadu
Tagline – Good people to grow with

SBI Revamps YONO App; Launches Interoperable Cardless Cash Withdrawal facility
On 2nd July 2023, The State Bank of India (SBI) revamped its digital banking app, ‘YONO for Every Indian,’ and
introduced the Interoperable Cardless Cash Withdrawal (ICCW) facility, aimed at providing greater
convenience to customers. These updates were unveiled on SBI’s 68th Bank Day.
• The revamped YONO (You Only Need One) app aims to meet customer expectations for a seamless
and pleasant digital experience, turning the vision of ‘YONO for Every Indian’ into a reality.
• The enhanced YONO application now includes Unified Payment Interface (UPI) features like Scan
and Pay, Pay by Contacts, and Request Money, expanding SBI’s commitment to inclusive and
customer-centric digital banking services.
About Interoperable Cardless Cash Withdrawal (ICCW):
The Interoperable Cardless Cash Withdrawal (ICCW) facility allows both SBI customers and customers of other
banks to withdraw cash from any bank’s ATM using a single-use dynamic QR code. SBI aims to encourage
customers of other banks to join the YONO journey.
i. Users can easily withdraw cash by scanning the QR code using their UPI application’s Scan and Pay feature.
ii. This feature simplifies the cash withdrawal process and enhances security by eliminating the need for a PIN
or physical handling of a debit card, minimising risks such as shoulder surfing or card cloning.
About YONO – You Only Need One
• Since its launch in 2017, the YONO app has gained popularity, with over 60 million registered users.
In the fiscal year 2022-2023, 7.86 million savings accounts, accounting for 64% of total accounts,
were acquired digitally through YONO.
About State Bank of India
Chairman – Dinesh Kumar Khara
Headquarters – Mumbai
Tagline – The Banker to Every Indian
Bank of India, 1st Bank, to roll out Mahila Samman Savings Certificate Scheme
On July 4, 2023, the Bank of India (BoI) became the first bank to officially roll out Mahila Samman Savings
Certificate (MSSC), 2023, and operationalizing this scheme at all its branches. The roll-out ceremony was
inaugurated by the Managing Director (MD) & Chief Executive Officer (CEO) Rajneesh Karnatak through a
Video Conference (VC).
• This means, BoI is authorized to open accounts under MSSC. So far, only post offices were authorized
to open accounts under MSSC.
Note: On June 27, 2023, the Department of Economic Affairs (DEA), Ministry of Finance, permitted all Public
Sector Banks (PSBs) and eligible Private Sector Banks to implement and operationalize the MSSC, 2023.
About Mahila Samman Savings Scheme (MSSC):
Announced by the Union Minister Nirmala Sitharaman, Ministry of Finance, during the Budget speech FY 2023-
2024, it commemorates the Azadi ka Amrit Mahotsav. MSSC is aimed at empowering girls and women through
financial savings. It is a one-time small saving scheme backed by the Central Government which is available
for two years, from April 2023-March 2025.
Eligibility and Account Opening:
i.Individual girls or women can open an account, or a guardian can open on behalf of a minor girl.
ii.Minimum investment of Rs 1000 and multiples of Rs 100, up to a maximum limit of Rs 200,000.
iii.Multiple accounts allowed with a three-month gap, subject to the overall investment cap.
Interest Rate and Taxation:
i.The Deposit under the scheme is eligible for 7.5% interest per annum which will be compounded quarterly
and credited in account and paid at the time of closure of account.
ii.All earnings under the MSSC are taxable as per existing income tax provisions. But TDS (Tax Deducted at
Source) will not be deducted under the scheme.

Account Duration and Closure:
i.Account matures after two years from the date of opening.
ii.MSSC can be closed after 6 months of opening the account without giving any reason. In such a case, an
interest of 5.5% will be given i.e. 2% penalty after six months.
iii.Premature closure allowed in case of account holder’s death or extreme compassionate grounds.
Partial Withdrawals:
i.Account holders can make partial withdrawals up to 40% of the eligible balance.
ii.Partial withdrawals allowed after one year from the date of opening the account.
Airtel Payments Bank, Park+ team up to enable FASTag-based parking solution at Varanasi
airport
On July 4, 2023, the Airtel Payments Bank has collaborated with Park+ to enable FASTag-based smart parking
at the Lal Bahadur Shastri Airport, Varanasi in Uttar Pradesh.
• This smart parking solution allows automatic cashless payments at airport parking.
• The parking fee payment is deducted through the FASTag associated with the vehicle, which
reduced the time required to make the payment.
Amit Lakhotia is the Founder and CEO of Park+.
3 Multilateral Development Banks Have Pledged upto USD 27 bn for India’s Green Growth
During the International Conference on Green Hydrogen (ICGH-2023), three Multilateral Development Banks,
the European Investment Bank (EIB), the Asian Development Bank (ADB) and the World Bank have
contributed USD 27 billion for India’s Green Growth.
The funding allotment:
• The EIB has pledged Euro(€) 1 billion to develop a large-scale hydrogen industry hub
• The ADB intends to provide USD 20-25 billion over 5 years to support India’s green growth
• The World Bank approved USD 1.5 billion to aid India’s low-carbon transition journey.
International Conference on Green Hydrogen (ICGH-2023):
The 3 days ICGH-2023 held between 5th-7th July 2023 at Vigyan Bhawan, New Delhi, Delhi inaugurated by R. K.
Singh the Union Minister for Power and New and Renewable Energy (MNRE).
• The event was organised by MNRE, in partnership with the Ministry of Petroleum and Natural Gas,
the Council of Scientific and Industrial Research (CSIR) and the office of principal scientific advisor
to the Government of India.
• The conference held discussions in line with the objectives of India’s National Green Hydrogen
Mission to help achieve India’s target of Net Zero by the year 2070.
India towards Green Hydrogen:
i.India ranked 4th globally in terms of installed renewable energy capacity and achieving cost-effective solar
and wind power generation.
ii.With the recent launch of the National Green Hydrogen Mission the Government of India showcased its
dedication to ramping up green hydrogen production and aligning with global trends.
iii.The country also has many advantages on the renewable energy front due to its abundant solar energy,
investments in the power grid, favorable climate, sufficient resources, and strong supply chain for green
hydrogen production.
iv.The public sector units (PSUs) have set a target to produce over one million metric tonnes (MMT) of green
hydrogen by 2030 to facilitate the transition to a green hydrogen economy.
v.The government aims to promote the uptake of green hydrogen in refineries and city gas distribution (CGD)
through both public and private sector entities, phasing out fossil fuels and aiding decarbonisation efforts.

About World Bank:
President- Ajay Banga
Headquarters– Washington, D.C. United States of America(USA)
Established- 1944
Citi Commercial Bank launches ‘CitiDirect Commercial Banking’ for Enhanced Digital Banking
Service
In a strategic move to meet the evolving global needs of their clients and to provide them with a truly digital
experience, Citi Commercial Bank (CCB) has unveiled a new platform called CitiDirect Commercial
Banking in the United States of America(USA).
i. By integrating the services such as banking relationships, spanning cash management, loans, trade, foreign
exchange (FX), servicing, and onboarding into a single platform, CCB aims to simplify and enhance the banking
experience for its commercial clients.
ii. Though this facility is available in the USA, CCB plans to introduce it across key global financial centres
including Hong Kong, India, Singapore, and the U.K in the second half of 2023.
iii. Clients can also digitally open accounts and request new products and services.
About Citi Commercial Bank:
Global Head – Tasnim Ghiawadwala
Headquarters – NewYork, United States of America (USA)
HDFC Bank becomes first to offer interoperability between CBDC and UPI
On 13 July 2023, HDFC(Housing Development Finance Corporation) Bank, the largest private sector lender in
India launched UPI QR code(Unified Payments Interface Quick Response code)interoperable with India’s
sovereign digital currency, Central Bank Digital Currency (CBDC).
• With this, HDFC Bank became the first bank in the country to complete the integration process
between UPI payment system and Digital currency.
• HDFC Bank will enable Digital Rupee payments in several cities, including Mumbai, Delhi,
Chandigarh, Bhubaneswar, Bengaluru, Ahmedabad, Guwahati, and Gangtok.
Benefits:
i .This feature will benefit customers as it enables them to transact using the funds available in their CBDC
wallet through UPI QR codes.
ii.Previously, HDFC Bank customers had to scan two separate QR codes for their CBDC wallet and UPI payment
respectively, causing inconvenience.
iii.The new single UPI QR code allows customers to make CBDC wallet payments with a single scan. Merchants
also benefited by displaying only one QR code.
About Central bank digital currency (CBDC):
A Central Bank Digital Currency (CBDC) or national digital currency, is the digital form of a country’s fiat
currency. Instead of printing paper currency or minting coins, the central bank issues electronic tokens. This
token value is backed by the full faith and credit of the government.
• Reserve Bank of India Act, 1934 was amended to launch CBDC.
• Referred to as e₹ (digital Rupee), CBDC can be classified into two broad types viz. general purpose
for retail (CBDC-R) and wholesale (CBDC-W).
• RBI has started a pilot on CDBC on the wholesale side on November 1, 2022. Retail testing started on
December 1, 2022.
About Unified Payment Interface(UPI):
• Developed by the National Payments Corporation of India (NPCI), UPI is a widely used mobile
payment system and most popular digital payment mode in the country that enables seamless and
cost-free transfer of funds between bank accounts.

• UPI was launched in 2016 by then Reserve Bank of India(RBI) Governor Raghuram G Rajan.
About HDFC(Housing Development Finance Corporation) Bank
Managing Director(MD) & Chief Executive Officer(CEO) – Sashidhar Jagdishan
Tagline – We understand your world
EIB commits € 1 billion loan to support India’s National Green Hydrogen Mission
European Investment Bank(EIB) is set to support India’s National Green Hydrogen Mission with a
substantial loan of up to EURO 1 billion to boost green hydrogen and renewable energy projects in India.
• The EIB aims to boost India’s renewable energy ambitions by supporting renewable energy
generation, energy storage technologies, power transmission and distribution infrastructure.
• EIB Vice-President Kris Peeters is set to confirm EIB’s interest to support NGHM during his visit to
India to attend G20(Group of Twenty) Infrastructure Investors Dialogue (IID), which takes place
during the 3rd meeting of finance ministers and central bank governors in Gandhinagar, Gujarat,
India.
Key Highlights:
i.The investments align with the European Green Deal, the EU Global Gateway strategy, and India’s own agenda
on climate change, renewable energy, connectivity, and sustainable finance.
ii.The EIB’s support to this mission demonstrates its commitment to facilitating private and public investment
in India, improving access to finance for entrepreneurs, and addressing the challenges posed by climate change.
India’s National Green Hydrogen Mission:
i.It aims to boost green hydrogen production and ecosystem.
ii.The government has set a target to build capabilities for producing at least 5 million metric tonnes of green
hydrogen per annum by 2030.
About European Investment Bank(EIB):
The EIB is the lending institution of the European Union(EU).
EIB is one of the biggest multilateral financial institution in the world and one of the largest providers of
climate finance.
President- Werner Hoyer
Headquarters– Luxembourg city, Luxembourg
Established- 1958
Fincare Small Finance Bank launched “The Great Indian FD Fest” campaign
On 10th July 2023, Fincare Small Finance Bank Limited (FSFBL) launched its new multilingual Television
Commercial (TVC) campaign “The Great Indian Fixed Deposit (FD) Fest” to raise awareness about the bank’s
interest rate offering for all categories of customers and highlight the significance of fixed deposit (FD) as a
stable and long-term investment suitable for everyone. The media campaign features FSFBL’s Brand
Ambassador Grand Master (GM) Viswanathan Anand.
• Currently the bank is offering the highest interest rate of 9.11% for senior citizens on an investment
of as little as Rs 5000 for a tenure of 1000 days and 8.51% for general citizens.
The Great Indian FD Fest campaign celebrates the spirit of financial empowerment and gives a golden
opportunity for every Indian to secure their financial future through FDs.
PNB launched ‘Project PNB PALAASH’ for environmental sustainability

Punjab National Bank (PNB), India’s leading Public Sector Bank, launched an environmental initiative ‘Project
PNB Palaash’, an eight-month campaign to promote sustainability aimed at reducing costs and enhancing
operational efficiencies through measures such as energy and resource conservation, paper reduction, waste
management and optimised digital processes.

• The goal of this initiative is to actively contribute to conservation activities, encourage the adoption
of sustainable practices, and promote active employee engagement.
• The campaign is in line with the Reserve Bank of India’s (RBI) vision of sustainable finance and the
6th iteration of Enhanced Access and Service Excellence (EASE 6.0), an initiative by Department of
Financial Services (DFS),Government of India.
• Campaign themes for this project include Digi Branches, Green Data Center, Electric Vehicle Funding,
Green Project Funding, Recycle Camp, Tree Planting, Paper Savings, Energy Conservation Olympics,
and Paper Savings.
• Key People: Atul Kumar Goel, Managing Director (MD) and Chief Executive Officer (CEO), Punjab
National Bank; Kalyan Kumar, Binod Kumar, and M Paramasivam, Executive Diresctors of PNB .
Note: As part of this initiative, one lakh plus employees of PNB will plant minimum two saplings each.
Indian Bank Launched “Resources Acquisition Centres” to build-up Deposit Portfolio

On 20th July 2023, the Indian Bank, India’s 7th largest Public Sector Bank launched “Resources Acquisition
Centre” (RAC) to bolster its retail deposit business portfolio, which encloses Current Deposit, Savings Bank,
and Term Deposit accounts.
• The bank plans to establish 20 RACs at Ultra Potential Centres in Phase-I to strengthen its deposit
portfolio. The inaugural ceremony of the first RAC took place in Mumbai, Maharashtra.
Key People:
Mahesh Kumar Bajaj, Executive Director, Indian Bank and SSP Roy, Field General Manager of Mumbai
(Maharashtra) Field General Managers Office (FGMO).
Key Points:
i.The dedicated RAC team of responsive and digitally empowered relationship managers will focus on
Relationship Banking, aiming to increase existing client relationships and attract potential high-value clients.
ii.The bank will target specific customer segments, such as High Net Worth Individuals (HNIs),
Government/Institutional Clients, Salaried Class, Corporates, Business community, Traders, and Pensioners.
iii.The introduction of RACs is expected to deliver significant and innovative results by offering strong
Relationship Banking services to both existing and potential high-value clients.
iv.The transformation roadmap of Indian bank focuses on the State-of-the-Art technology, pioneering and
customized products/processes, and delivering delightful customer experiences through Relationship Banking.
About Indian Bank:
Incorporated on– March 5, 1907
Started business on– August 15, 1907
MD & CEO– Shanti Lal Jain
Headquarters– Chennai, Tamil Nadu
CRISIL’s 2023 Greenwich Share and Quality Leaders: HDFC Bank tops in 3 Categories
On July 24, 2023, a list of Coalition Greenwich’s (a division of CRISIL) Share and Quality Leaders, and
Greenwich Excellence Awards 2023 was released in which HDFC Bank (among India’s local banks) has
overtaken the State Bank of India (SBI) as a top ranked bank in the 3 categories of Share and Quality Leaders
Award list.
• This list is a part of a study ‘Indian Corporates Turn to Big Banks to Fund Ambitious Growth- 2023
Greenwich Leaders: Indian Corporate Banking‘.
Highlights:
i.In the list of Greenwich Share Leader 2023(Large Corporate), HDFC Bank has overtaken State Bank of India
(SBI) and topped the list of Indian Large Corporate Banking Market Penetration – Local Banks.
ii.ICICI Bank has topped the Indian Large Corporate Banking Quality – Local Banks and emerged as the sole
designation for Greenwich Quality Leader 2023(Large Corporate).

iii.In the list of Greenwich Share Leader 2023 (Middle Market), HDFC Bank has again topped the list of Indian
Middle Market Banking Market Penetration(Local Banks). The bank previously topped the list in 2022.
1. In the lit of Greenwich Quality Leader 2023 (Middle Market) HDFC Bank shared a top spot
with ICICI Bank in the category of ‘Indian Middle Market Banking Quality – Local Banks’.
Assessment:
This study is premised upon the interviews conducted by Coalition Greenwich from September 2022 to March
2023, with 177 large corporates and 455 middle market businesses in India. The interviews focused on areas
such as banking relationships, quality perceptions of the respective relationships and products used including
corporate lending, cash management, trade services and finance, foreign exchange, structured finance, interest-
rate derivatives, and investment banking.
Greenwich Share Leader 2023; Greenwich Quality Leaders 2023; and Greenwich Excellence 2023
The following tables present the 2023 Greenwich Share and Quality Leaders in Indian Large Corporate and
Middle Market Banking and the winners of the 2023 Greenwich Excellence Awards in different categories.
• The column of Market Penetration in the table shows the proportion of companies interviewed that
consider each bank an important provider of corporate banking services.
Greenwich Share and Quality Leaders — 2023
Greenwich Share Leader 2023
Ranking Bank Market Penetration
Indian Large Corporate Banking Market Penetration – Local Banks
1 HDFC Bank 69%
2 SBI 60%
3T (Tie) Axis Bank 55%
3T ICICI Bank 54%
Indian Large Corporate Banking Market Penetration – Foreign Banks
1T Standard Chartered Bank 51%
1T HSBC 50%
3T Citi 44%
3T DBS 42%
Indian Middle Market Banking Market Penetration—Local Banks
1 HDFC Bank 70%
2 ICICI Bank 64%
3 Axis Bank 47%
Indian Middle Market Banking Market Penetration—Foreign Banks
1T Standard Chartered Bank 20%
1T HSBC 19%
1T Citi 18%
Greenwich Quality Leaders 2023
Category Bank
Indian Large Corporate Banking Quality—Local Banks ICICI Bank
Indian Large Corporate Banking Quality—Foreign Banks Bank of America, HSBC, J.P. Morgan
Indian Middle Market Banking Quality—Local Banks HDFC Bank & ICICI Bank

Indian Middle Market Banking Quality—Foreign Banks HSBC
Greenwich Excellence Awards 2023
For the 6th year, Coalition Greenwich has recognized excellence in Indian corporate banking through 2023
Greenwich Excellence Awards to identify the top-ranked banks in a series of product and service categories.
2023 Greenwich Excellence Awards for Indian Large Corporate Banking:
In this, more than 70 banks evaluated but only the following 4 featured with distinctive quality.
Category Bank
Overall Digital Experience Citi
Ability to Streamline KYC Processes
Coordination of Product Specialists
Frequency of Contact
Knowledge of Transaction Banking Needs
Timely Follow-Up ICICI Bank
Proactive Provision of Advice ICICI Bank, Bank of America
Knowledge of International Banking Needs Standard Chartered Bank
2023 Greenwich Excellence Awards for Indian Middle Market Banking
In this, more than 70 Banks Evaluated but only 3 have distinctive quality.
Category Bank
Ability to Digitize KYC Processes
Ease of Doing Business
Overall Digital Experience
Ability to Streamline KYC Processes
Coordination of Product Specialists
Knowledge of Transaction Banking Needs HDFC Bank & ICICI Bank
Frequency of Contact
Effective Senior Management Support
Timely Follow-Up Axis & ICICI Bank
Knowledge of International Banking Needs
Proactive Provision of Advice ICICI Bank
Key Points:
i.Between 2021 and 2022, 38% of Indian companies used one of the largest Indian private banks for overall
corporate banking services, up from 33%.
ii.From 2021 to 2022, the number of companies using at least one large foreign bank for their banking needs
increased to 21% from 18%.
iii.From 2021 to 2022, the percentage of Indian companies working with at least one of the smaller private
banks dropped to 18% from 21%.
iv.The overall revenue in the banking industry grew by 16% year on year (y-o-y).
v.In 2023, 46% of Indian companies used large private banks for domestic cash management, compared to 40%
in 2022. This resulted in increased penetration of large private sector banks.
• Foreign banks’ usage for cash management also increased to 21% from 18%.
vi.Over two years, the share of Indian companies engaged in international business and needing bank support
rose from 73% to 81%.

i.The Airports Council International (ACI) World published the ‘Top 10 Busiest Airports Worldwide for 2022,’
which ranked Delhi Airport [Indira Gandhi International Airport (IGIA)] as the 9th busiest airport in the world
in 2022, surpassing Paris Charles de Gaulle (CDG) airport in France.
ii.According to the Global Unicorn Index 2023 published by Hurun Research Institute, India is ranked 3rd on
the index with 68 unicorns (up 14 compared to 2022). Online educator BYJU’S worth USD 22 billion topped
the list of Indian Unicorns, followed by on-demand delivery start-up Swiggy and fantasy sports platform travel-
stay finder Dream11 (USD 8 billion each).
About CRISIL Limited :
CRISIL Ltd was formerly known as Credit Rating Information Services of India Limited. It is a leading, agile and
innovative global analytics company owned(majority) by S&P Global Inc.
Managing Director and CEO– Amish Mehta
Headquarter– Mumbai, Maharashtra
Indian Banks Receive Rs.5,729 Crore DEA Fund for Unclaimed Deposit Settlement
On 24th July 2023, Bhagwat Kisanrao Karad, the Union Minister of State(MoS) for Finance Ministry, announced
that over the past five years Indian banks have been allocated a sum of Rs.5,729 crore from the “Depositor
Education and Awareness” (DEA) Fund, as an effort to reunite unclaimed deposits with their claimants.
• As of 31st March 2023, Rs. 36,185 crores is transferred from Public Sector Banks to DEA Fund and
Rs. 6,087 crores is transferred from Private banks as well.
• The Reserve Bank of India (RBI) has initiated the “100 Days 100 Pays” campaign, aiming to help
banks locate and settle the top 100 unclaimed deposits of each bank in every district across the
country within a 100-day timeframe. This campaign commenced on June 1, 2023, and is scheduled
to conclude on September 8, 2023.
Other steps taken by RBI to reduce unclaimed deposits:
i.Displaying the list of unclaimed deposits which are inactive/inoperative for ten years or more on the bank’s
websites
ii.Finding the whereabouts of the customers and their legal heirs to return unclaimed deposits to the rightful
claimants
iii.Formulating board approved policy on classification of unclaimed deposits
iv.Framing grievance redressal mechanism for quick resolution of complaints, record keeping, and periodic
review of unclaimed deposit accounts.
Additional Info:
RBI is set to launch a centralized web portal that will allow the public to inquire about such deposits across
multiple banks.
Canara Bank Leads PSBs in Lending with Rs 187,813cr to State PSUs & Corp.; TN holds Highest
Debt
According to the Parliamentary Questions and Answers data (Lok Sabha) on Outstanding Debt of States and
Union Territories (UTs), Canara Bank topped the list of Public Sector Banks (PSBs) with the highest
lending of Rs 187,813 crore in FY23 to Corporations and Public Sector Undertakings (PSUs) of States and
Union Territories (UTs) for the 5th consecutive time.
• This information was revealed in a written statement by the Union Minister Nirmala Sitharaman,
Ministry of Finance, on July 24, 2023, in response to questions raised by Member of Parliament
(MP), Velusamy P.
• Out of the 12 PSBs, 10 reduced their lending to PSBs in FY23. Only two banks viz. Canara Bank and
Central Bank of India, increased their exposure in FY23.

Highlights of Lending Detail:
i.Canara Bank lending amount of ₹187,813 crore to government-backed entities, alone accounting for over 45%
of the total lending of all PSBs in the financial year 2022-2023(FY23).
ii. This lending amount was 11% higher compared to the ₹1,69,532 crore the bank had lent to government
entities in the previous financial year (FY22).
iii.Punjab National Bank (PNB) has notified as second highest lender in FY23 with a total loan disbursal of Rs
70,142.5 crore.
iv.State Bank of India (SBI) as 3rd highest lender, lent Rs 66,523.2 crore to State enterprises in FY23, down
from Rs 81,735 crore in FY22.
v.PNB and SBI are followed by Bank of India (Rs 25,147 crore), Bank of Baroda (Rs 15,706.8 crore), Union Bank
of India (Rs 12,584.8 crore), Bank of Maharashtra ( Rs 10,822.7 crore), Indian Bank (Rs 9,021 crore), Indian
Overseas Bank (Rs 7,490 crore), Central Bank of India (Rs 3,949 crore from Rs 1,475 crore in FY22), UCO
Bank (Rs 2,939.4 crore), Punjab and Sind Bank (Rs 87.7 crore).
• Punjab & Sind Bank had the lowest exposure to State PSUs and corporations in FY23 as compared to
Rs 3,570 crore in FY22.
Key Points:
i.The total lending by 12 PSBs to government entities fell to Rs 4.12-lakh crore (Rs 4.12 trillion) in FY23 from
4.93-lakh crore in FY22.
• This lending is declined about 20% year-on-year (y-o-y) in FY23 on the back of continuous growth
for four years.
ii.It was Rs 2.51 trillion in FY19, Rs 3.11 trillion in FY20, and Rs 3.98 trillion in FY21.
iii.In FY23, the Public Sector Banks (PSBs) achieved a record aggregate net profit of Rs 1.04 trillion.
iv.PM SVANidhi scheme, aimed at supporting COVID-affected street vendors to restart their businesses, as of
July 20, 2023, amounting to Rs 6,482 crore, have been disbursed to 38.5 lakh street vendors.
V.As of July 17, 2023, the National Asset Reconstruction Company Ltd (NARCL) has acquired three borrower
entities, namely Jaypee Infratech Ltd, SSA International Ltd, and Helios Photo Voltaic Ltd, with a combined debt
exposure of Rs 21,349 crore.
vi.In the last five financial years, the government and the Reserve Bank of India (RBI) have implemented
extensive actions to recover bad debts amid which scheduled commercial banks have managed to recover a
substantial amount of Rs 7.16 trillion (provisional data for FY 2022-23).
• The nationalized banks have not disbursed loans to State governments in the last five years.
Click Here to get Official Lok Sabha Q/A List
Tamil Nadu has highest Outstanding Debt in India
As per the RBI’s ‘State finances: A study of budgets of 2022-23’ report published in 2023, Union Minister of
Finance Nirmala Sitharaman shared data on outstanding liabilities, highlighting that Tamil Nadu(TN) has the
highest amount of outstanding debt among all States and Union Territories in India, at Rs 7.54-lakh crore (as
per budget estimates for FY23).
• TN is followed by Uttar Pradesh (UP) at 7.10-lakh crore outstanding debt.
• Odisha is the only state in the country to reduce its debt consistently over the past three years: 1.8%
in 2019-20, 8.4% in 2020-21, and 12% in FY 2022-23.
Key Points:
i.TN has consistently been the highest market borrower in the last three years which is done through issue of
bonds under State Development Loans (SDLs).
• According to RBI data, TN’s gross market borrowings through SDLs stood at Rs 87,000 crore in FY23
and FY22 after raising Rs 87,977 crore in FY21.
iii.As per 2023-24 budget, TN government plans to borrow a total amount of Rs 1.43-lakh crore in 2023-24 and
make repayments of Rs 51,331.79 crore.
iv.The outstanding liabilities of Maharashtra, measured in terms of Gross State Domestic Product (GSDP), stood
at Rs 6.80-lakh crore as per budget estimates for FY23.

• It was followed by West Bengal (Rs 6.08-lakh crore), Rajasthan (Rs 5.37-lakh crore) and Karnataka
(Rs 5.35-lakh crore).
v.The UT of Puducherry had the lowest outstanding debt of Rs 11,651 crore.
i.According to the Reserve Bank of India’s (RBI) Monetary Policy Report (April 2023), credit growth continued
to outpace deposit growth in financial year 2022-23 (FY23) at an eleven-year high, despite banks fully
transmitting lending rates linked to external benchmarks [250 basis points (bps)], which now account for
nearly half of floating-rate loans.
ii.According to the Reserve Bank of India (RBI) data, India’s Bank credit increased by 15% year-on-year (YoY)
in the Financial year 2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22).
Union Minister– Nirmala Sitharaman (RajyaSabha- Karnataka)
Ministers of State (MoS)– Pankaj Chaudhary; Dr. Bhagwat Kishanrao Karad
Departments– Department of Expenditure; Department of Economic Affairs (DEA); Department of Revenue;
Department of Financial Services; Department of Investment and Public Asset Management (DIPAM) &
Department of Public Enterprises.
Federal Bank launches Non-Resident SB Account ‘NRE Eve+’ for NRI Women
The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) launched a unique Non-Resident
(NR) Saving Bank (SB) account scheme, named SB NRE (Non-Resident External) Eve+ designed exclusively for
the financial needs of Non-Resident Indian (NRI) women.
• The scheme provides variety of benefits geared at enhancing the financial journeys of the NRI
women.
Launch of SB NRE Eve+:
i.During the global virtual launch, the product theme as well as the prototype of the customised debit was
revealed and a debit card was presented to the first NRE Eve+ customer (Suni Paul) of the Federal Bank.
ii.The release of NRE Eve+ Savings Account was announced at the ‘Nurses Day Out’ Event conducted as part of
Nikai Angel Awards 2023 held at the De Montfort University, Dubai, United Arab Emirates (UAE) on 23rd July
2023.
• First Account Holders: The first NRE Eve + account holders from Abu Dhabi, UAE were Dr. Jean
Shahdadpuri, Managing Director, Nikai Group of Companies; Mrs. Beena Muraleedharan, Executive
Director, SFC Group and Mrs. Danesa Thandassery Raghulal, Executive Director, Elite Foods Pvt Ltd.
Some Features of the Account:
i.Customers get free access to domestic and international airport lounges.
ii.The NRE Eve+ debit card provide customised offers including exclusive discounts on beauty, health care,
dining, shopping, travel, and entertainment, all of which are served to the tastes of women.
iii.Safe Deposit Locker and Portfolio Investment Services available at concessional rates.
iv.Zero balance savings accounts for two children below 12 years of age.
v.Complimentary Insurance up to Rs.78 lakhs that includes child education benefits, accidental health, hospital
cash & card protection.
vi.50% concession on Processing Fee / Administration Fee for Home Loans & Car loans.
vii.Free Mobile Alerts & Mobile Banking, Free Email alerts and Free unlimited at par cheque books.
About Federal Bank Ltd:
Tagline– Your Perfect Banking Partner
Chairman– C. Balagopal
MD&CEO– Shyam Srinivasan
Headquarters– Aluva, Kerala
Established on– April 23, 1931

FINANCE NEWS
Tata AIA Revolutionizes Insurance Payments with WhatsApp and UPI Integration
On 28th June, 2023, Tata AIA, the life insurance arm backed by Tata Group, has introduced a first of its kind
feature in the insurance industry by enabling digital payments through WhatsApp and Unified Payment
Interfaces (UPI). This allows policyholders to make instant premium payments using these popular platforms,
providing a hassle-free experience. This move showcases Tata AIA’s commitment to leveraging technology and
enhancing customer satisfaction.
Key Points:
i. The new feature ensures that both tech-savvy and non-tech-savvy consumers can easily pay their premiums
digitally and receive quick confirmation and acknowledgment.
ii. The collaboration with WhatsApp and PayU has resulted in the development of an in-house intelligent
platform, significantly enhancing the consumer experience and transactional ease.
iii. Tata AIA’s bottom-up approach, combined with technology, enables a deep understanding of customer
needs and continuous service improvement.
India’s widespread usage of WhatsApp and UPI as messaging and payment platforms makes this move by Tata
AIA particularly significant. With nearly 500 million WhatsApp users and over 300 million UPI users, Tata AIA
ensures that policyholders can conveniently use their preferred platforms for premium payments.
Additional Info:
Tata AIA has also implemented an analytics-driven approach to enhance renewal premium collections. The
company offers multiple digital channels for premium collections and supports five languages, including
English, Hindi, Tamil, Gujarati, and Bengali.
About Tata AIA Life Insurance:
MD & CEO – Mr. Naveen Tahilyani
Headquarters – Mumbai
Max Life Appointed as Lead Insurer for UP under State Insurance Plan of IRDAI
Max Life Insurance Company Ltd (Max Life) has been appointed as the “Lead Insurer” for the State of Uttar
Pradesh (UP) by the Insurance Regulatory and Development Authority of India (IRDAI). This move is part
of IRDAI’s state insurance plan to enhance financial awareness and insurance inclusion.
Note:
• Max Life has also been appointed as the Lead Insurer for Arunachal Pradesh.
• Liberty General Insurance Ltd was appointed as the Lead Insurer for Delhi by the IRDAI under
State Insurance plan.
Features of Max Life as a Lead Insurer:
i.Max Life, by supporting this vision, aims to create awareness, accessibility of affordable insurance coverage
across UP in the first phase via digital insurance awareness activities, initiated by Max Life in Chandauli and
Varanasi of UP.
ii.It plans to introduce similar initiatives to other districts of Balrampur, Bahraich, Chitrakoot, Fatehpur,
Kaushambi, Siddharthnagar, and Shravasti, in the next 6 months.
• These districts are also a part of the Government of India’s (GoI) ‘Aspirational Districts Programme’
that aims to increase financial inclusion and skill development.
iii.It uses the approach of digitally managed distribution ecosystem with custom-made policies.
iv.It aims to support micro-entrepreneurship and employment opportunities, especially for women by
adopting the IRDAI’s Bima Vahak model in the near future.
Recent Survey of Max Life:
Max Life recently conducted a survey in association with KANTAR, ‘India Protection Quotient (IPQ), an annual
survey of Rural edition in 113 villages to drive awareness and adoption of life insurance in rural India

It was revealed that rural India scored low of 12 points on the protection quotient scale, as compared to urban
India’s score of 43
IRDAI State Insurance Plan:
i.The IRDAI’s state insurance plan is a collaborative effort with insurers by assigning two state governments to
each insurer to increase financial awareness and drive insurance inclusion.
ii.The initiative aims to enable insurance for all by 2047, where every citizen has an appropriate life, health and
property insurance cover, and every enterprise is supported by appropriate insurance solutions.
Cholamandalam MS Insurance Appointed as a Lead Insurer for West Bengal by IRDAI
Cholamandalam (Chola) MS General Insurance Company Ltd, a joint venture (JV) of the Murugappa Group
and Mitsui Sumitomo Insurance Company Ltd, Japan, has been appointed ‘Lead Insurer‘ for the state of West
Bengal by the IRDAI in line with the its vision of “Insurance for All by 2047” (State Insurance Plan) to increase
insurance awareness and penetration throughout West Bengal.
Key Points:
i.Under this plan, Chola MS Insurance will focus on various aspects of health protection, coverage against
natural calamities, increasing employment opportunities, and protecting the business of Micro Small and
Medium Enterprises (MSMEs) through comprehensive insurance offerings.
ii.The company has devised a bunch of initiatives to ensure the benefits of insurance reach the people including
awareness and outreach programs, strengthening the insurance distribution network, and ensuring speedy
grievance redressal and efficient claim settlement processes.
iii.Chola MS Insurance has opened a 10,000 square feet state headquarters in Kolkata (West Bengal), which will
serve as a hub, offering comprehensive insurance products and services to all subdivisions in West Bengal.
• The State headquarters was inaugurated by Mr. M.M Murugappan, Chairman of Chola MS Insurance,
and Mr. V. Suryanarayanan, Managing Director (MD) Chola MS Insurance.
On June 2, 2023, The Insurance Regulatory and Development Authority of India (IRDAI) identified SBI Life
Insurance Company Limited (SBI Life) as the acquirer–insurer of the business of Sahara India Life Insurance Co.
(SILIC).
• In this regard, SBI Life shall take over the policy liabilities of around two lakh policies of SILIC,
About Insurance Regulatory and Development Authority of India (IRDAI)
It is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority
Act, 1999 (IRDAI Act 1999) .It is a public authority as defined in the Right to Information Act, 2005
Chairman– Debasish Panda
Headquarters– Hyderabad, Telangana
Incorporated in– 2000
India & Bangladesh Launch Trade Transactions in Rupees to Lower Dollar Usage
In a significant move aimed at strengthening trade and reducing dependency on the US dollar, Bangladesh and
India have initiated transactions in Rupees as India is the top export destination for Bangladesh in Asia.
• This marks the first time Bangladesh has engaged in
bilateral trade with a foreign country outside the
realm of the US dollar. The exchange rate is based on
Market Demand.
• The launching ceremony was attended by Indian High
Commissioner to Bangladesh Pranay Verma IFS and
Bangladesh Bank (The central bank of Bangladesh)
Governor Abdur Rouf Talukder on behalf of India
and Bangladesh respectively.
Agreement Between India & Bangladesh:
i. The two countries have agreed to start settling trade in Rupees initially, and then gradually in Taka as the

trade gap between the two countries decreases. This is because Bangladesh imports more from India(USD
13.69 billion) than exports to India (USD 2 billion).
ii. The transaction costs in trade with India would reduce with the introduction of the Taka(Currency of
Bangladesh)-Rupee dual currency card which was about to be launched in September 2023.
iii. The permission was granted to open Nostro Accounts which will make it easier for businesses in the two
countries to trade with each other in their own currencies.
About Taka-Rupee Dual Currency Card:
• PayCard(a new debit card) for transactions in Indian Rupee as well as Bangladeshi Taka.
• This card can be used both in Bangladesh and India.
• Announced in the recent Monetary Policy of Bangladesh by Bangladesh Bank
About Nostro Account:
A Nostro account is an account held by one bank on behalf of another bank. It allows the customers to deposit
money in the bank’s account in another bank. It is often used if a bank has no branches in a foreign country.
About Bangladesh:
Prime Minister – Sheikh Hasina Wazed
President – Mohammed Shahabuddin
Capital – Dhaka, Bangladesh
Currency – Bangladeshi Taka
PhonePe Launched One Stop POS Solution for its Merchants

On 6th July 2023, PhonePe launched its Point-of-sale (POS) device that enables merchants to accept payments
through Debit Cards, Credit Cards and UPI, with a simplified settlement experience.
• The device comes preloaded with the PhonePe POS App and supports transactions through
tap/swipe/dip and interoperable dynamic QR (Quick Response) codes.
• The POS device, built on the Android platform, can be accessed in areas of cellular coverage.
Reliable and security being its top features, it has PCI-PTS 6(Payment Card Industry-PIN Transaction
Security) certification safeguarding both merchant and consumer data.
Bajaj Allianz General Insurance sets Guinness World Records title at the first-ever General
Insurance Festival of India
On 3rd July 2023, Bajaj Allianz General Insurance Company (BAGIC), one of the leading private general insurers
of India, hosted the first-ever General Insurance Festival of India (GIFI) in Pune, Maharashtra, which officially
set a new Guinness World Records achievements for the largest attendance for an insurance conference.
There was a record turnout of 5235 attendees who contributed to creating history in the insurance
industry worldwide. This record-breaking achievement was announced at the main event of GIFI.
As a part of GIFI, Bajaj has established the GIFI Awards in India to recognise the top-ranked health and general
insurance advisors across the insurance industry.
Highlights:
i. GIFI started with the idea of creating a platform that brings together the best in the general insurance
industry and celebrates the industry’s contribution towards society’s well-being.
ii. The event included a remarkable performance by the comedian Sunil Grover and a musical performance by
the music composer Pritam among other spectacular performances.
iii. The event had various attractions like an automobile zone featuring manufacturers like Porsche, McLaren
Automotive, and Lamborghini.
Key People:
The event was graced by Sanjiv Bajaj, Chairman and Managing Director (CMD), Bajaj Finserv; Charu Kaushal –
Chief Executive Officer (CEO), Allianz Partners India and other eminent industry representatives.

GIFI Awards announced the top-ranked health and general insurance advisors across the insurance
industry
During GIFI, Bajaj Allianz General Insurance announced the winners and runners of the health and general
insurance advisors across the insurance industry.
• Based on a strict assessment process conducted by an independent process reviewer and a third-
party panel of judges, the company announced and honoured winners and runners-up for each
category at the GIFI.
• The judging panel for the GIFI Awards are Dr. S Prakash, MD of Star Health Insurance, Alice G
Vaidyan, former chairman and MD of General Insurance Corporation of India, and Nilesh Sathe,
Former Member of IRDAI.
Winners and Runners-up of the GIFI awards:
S.No Category Winner Runner
Best Health Insurance Advisor Mayank Chander Kothari Shakeel Ahmed (Mumbai,
1 of India (Ahmedabad, Gujarat) Maharashtra)
Best Motor Insurance Advisor Shiv Kumar Gupta (Varanasi, Uttar

2 in India Pradesh) Gaurav Sharma (Delhi)
Best Property Insurance Priyadarshini Sheshadri (Bengaluru, Bipin Kumar Patel (Mehsana,
3 Advisor in India Karnataka) Gujarat)
Best Multiline Insurance Prashant Shah (Mumbai,

4 Advisor in India Maharashtra) Charu Bharti (Delhi)
Best Woman Insurance Advisor Priti Sameer Shah (Mumbai,

5 in India Maharashtra) Karishma Chhabra (Delhi)
Razorpay India launches first International payment gateway through Curlec in Malaysia
On 12 July 2023, Razorpay, a prominent Indian Full-Stack Payments and Business Banking Platform, unveiled
its first international Payment Gateway in Malaysia, in collaboration with Curlec, under the brand ‘Curlec By
Razorpay’ with the aims to bridge the gap between local and international payment gateways.
Key Points:
• Payment Gateway intends to cater to over 5,000 businesses, with a target of achieving an annualised
Gross Transaction Value (GTV) of Malaysian Ringgit 10 billion (USD 2.1 billion) by 2025.
• Razorpay bought the Malaysian startup Curlec in a USD($)20 Million deal in February, 2022.
Additional Info:
• Collaboration was driven by a shared vision to develop products that cater to the needs of the South
East Asian(SEA) region.
• Razorpay is eager to capitalise on Malaysia’s growing digital economy, as digital trade contributed
22.6% to the country’s total Gross Domestic product (GDP) in 2021, with an expected rise to 25.5%
by 2025.
• In May 2023, Razorpay launched ‘Turbo UPI’ – a one-step payment solution for the UPI network.
• In the last week of April 2023, it joined India’s Open Network for Digital Commerce
(ONDC) platform to streamline payment processes.
• Razorpay has roped in former RBI deputy governor NS Vishwanathan as the chairperson of the new
advisory board in April 2023..

About Razorpay India:
Founder & Managing Director (MD)- Harshil Mathur and Shashank Kumar
Headquarters – Bangalore, Karnataka
LIC launches Jeevan Kiran to offer Life Cover with Premium Return
On 28th July 2023, Life Insurance Corporation of India (LIC) launched a new term assurance plan “Jeevan
Kiran”, a non-linked, non-participating, individual, savings, and life Insurance plan that offers a combination of
protection and savings.
Eligibility & Restrictions:
• Age(Entry): Minimum 18 years to Maximum 65 years.
• Age (Maturity): Minimum 28 years to Maximum 80 years.
• Policy Term : 10 years to 40 years
• Minimum Basic Sum Assured: Rs 15 Lakhs.
• Maximum Basic Sum Assured: No Limit
• Minimum Premium: Rs 3000 for Regular Premium Policies & Rs 30000 for Single Premium Policies.
Features:
i.This policy will provide financial support to the family in case of unfortunate death of the life assured during
the policy term and returns the total premiums paid in case of survival till maturity.
ii.This is a non-participating product under which benefits payable on death or maturity are guaranteed and
fixed irrespective of actual experience.
Benefits payable in case of death
i.For policies with Regular Premium Payments, the “Sum Assured on Death” will be highest of Seven times the
Annualised Premium (or) 105% of the “Total Premium Paid” up to the date of death (or) Basic Sum Assured.
ii.For policies with Single Premium Payment, the “Sum Assured on Death” is determined as the greater of
125% of the Single Premium (or) Basic Sum Assured.
It is to be noted that the Death benefits can be received as lump sum or in five equal instalments with intervals
of annually, half-yearly, quarterly or monthly
Maturity benefit
Upon maturity, if the policy is still active, the “Sum Assured on Maturity” will be equivalent to the “Total
Premiums Received by LIC” (after deducting any excess premium, rider premium, taxes, etc.) under both
Regular Premium and Single Premium Payment Policies.
Additional Info:
i.The plan offers differential premium rates for Smoker/Non-Smoker lives.
ii.Housewives and pregnant ladies are not eligible for this plan. Female lives proposals may be submitted only
after six months from the date of their last delivery.
iii.The policy offers two optional riders(supplementary benefits added in the primary life insurance policy)
availed by paying an extra premium
• Accidental Death and Disability Benefit Rider
• Accident Benefit Rider
About Life Insurance Corporation (LIC) of India:
Chairperson – Siddhartha Mohanty
Bajaj Allianz Life launched ‘First Time Ever’ a Flexible and Rewarding Life Insurance Plan
Bajaj Allianz Life Insurance has launched a new life insurance plan called Bajaj Allianz Life ACE, a plan that is
non-linked, participating, and offers early-income benefits, empowering customers to customise their cash
flows. This is the first plan which allows such a customisation.

• Unique feature is that the plan offers an early or deferred income option, allowing customers to start
receiving income from the beginning of the policy or defer it for up to 5 years.
Key Features:
i. The plan offers the Goal Protection Benefit, ensuring that even in the unfortunate event of the
policyholder’s death, their family continues to receive the income throughout the policy term.
ii. The customers have the flexibility to choose between a higher income to generate additional cash flow, a
higher lump sum for creating a legacy, or a balance of both regular income and lump sum payouts.
Four product options:
1. Deferred Income: Customers receive income after the premium-payment term, with the flexibility
to delay its start for up to 5 years.
2. Early Income: Policyholders receive income from the first policy month or year after the deferment
period, along with cash bonuses (if declared) and guaranteed income.
3. Increasing Income: This option provides higher income after the premium-payment term,
combining guaranteed income and potential cash bonuses.
4. Wealth: Customers receive a lump sum amount at the end of the policy term, including the maturity
sum assured, accrued simple reversionary bonus and terminal bonus.
The death benefit is guaranteed to be at least 105% of total premiums paid, with the sum assured on death
being 11 times the annualized premium.
About Life Insurance:
Insurance serves as a protective measure against potential (financial) losses. The insurance industry comprises
two main sectors: life insurance and general insurance. Life insurance pertains to the policyholder’s life, while
general insurance covers various other aspects.
• The introduction of life insurance in India can be attributed to British influence. In 1818, a British
company established the Oriental Life Insurance Company in Calcutta (now Kolkata).
About Bajaj Allianz Life:
A Joint Venture between Bajaj Finserv Limited and Allianz SE (world’s leading global insurer and asset
manager)
Managing Director(MD) & Chief Executive Officer(CEO) – Tarun Chugh
Headquarters – Pune, Maharashtra
India voluntarily contributes USD 1 million to UN for promoting use of Hindi language in the
UN
India contributed USD 1 million as part of a voluntary contribution to the United Nations (UN)
towards expansion of usage of the Hindi language in the UN and to encourage inclusive dialogue and
understanding.
• Ruchira Kamboj, Permanent Representative of India to the UN handed over a cheque of USD 1
million to Ms. Melissa Fleming, Under Secretary General of the UN Department of Global
Communications.
• Hindi@UN project, in collaboration with the UN Department of Public Information of the UN, was
launched in 2018, with the goal of increasing the public outreach of the UN in the Hindi language,
and spreading greater awareness about global issues among millions of Hindi-speaking people
around the world.
• The Hindi UN News website remains in the top ten in internet search engines with 1.3 million
annual impressions.

Google Pay Introduced UPI LITE to Boost Small Value Transactions
On 13th July 2023, Google Pay introduced its Unified Payments Interface (UPI) LITE payment (on-device
wallet) feature to allow users to make small payments without entering the UPI personal identification number
(PIN).
• Using Google Pay’s UPI Lite, users can make payments of up to Rs(INR) 200 without the use of a UPI
PIN. Users maintain a balance of Rs 2000 (Maximum balance) in their UPI Lite wallet, which can be
loaded up to twice in a day and can spend up to a total of Rs 4000 within 24 hours.
• This is possible because the LITE account is linked to the user’s bank account but does not rely on
the issuing bank’s core banking system in real time.
Note: The UPI LITE support feature was launched by the Reserve Bank of India (RBI) along with the National
Payments Corporation of India (NPCI) in September 2022, and currently it is supported by 15 banks. Paytm,
PhonePe and BHIM(Bharat Interface for Money), have the UPI LITE feature already.
PhonePe Launches India’s First Health Insurance Platform with Monthly Subscriptions
On 18th July 2023, PhonePe Insurance Broking Services Private Limited (PIBS), a wholly owned subsidiary of
PhonePe Private Limited, launched the health insurance plans offering comprehensive insurance in partnership
with leading insurers.
• With this launch, PhonePe Insurance became the first and only Platform in India to enable
customers to pay for insurance in easy monthly installments through Unified Payments Interface
(UPI) on the PhonePe app.
• These health insurance plans come with coverage up to Rs 1 crore.
Note: PhonePe Insurance Is Registered With IRDAI (Insurance Regulatory And Development Authority) As A
Direct Broker (Life And General).
Other benefits:
i. PhonePe Insurance Broking’s health insurance plans offer innovative features, such as a bonus cover that
increases up to 7 times the base cover amount for each claim-free year.
ii. Alongside these comprehensive plans, PhonePe provides users with pre and post-sales assistance, guiding
them in making informed decisions, facilitating the claim process, and accessing other essential services.
Additional Info
i. PhonePe sold over 5.6 million policies to date.
ii. PhonePe Insurance platform has extended its services across 98% of India’s PIN codes.
iii. Additionally, the platform has facilitated more than 200 million vehicle insurance quotes.
About PhonePe Insurance Broking Services Private Limited (PIBS)
HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure
HDFC Asset Management Company (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), has
launched its fourth fund the HDFC Charity Fund For Cancer Cure in partnership with the Indian Cancer
Society (ICS) for the treatment of underprivileged cancer patients.
• The New Fund Offer (NFO) will open on July 28, 2023, and close on August 08, 2023. It is a closed-
ended income scheme and a f Fixed Maturity Plan(FMP) with a tenure of 1,196 days.
Key highlights:
i.The HDFC Charity Fund for Cancer Cure offers investors the option to donate 50% or 75% of Income
Distribution cum Capital Withdrawal (IDCW) to the ICS.
• These donations will be eligible for deduction under Section 80G of the Income-tax Act, 1961 (under
the old regime).

ii.HDFC AMC will match donations with an equal amount directly contributed to ICS (subject to limit of Rs 16
crore per financial year).
iii.HDFC AMC has waived all investment management and advisory fees and ensured that the maximum benefit
goes towards supporting cancer patients.
ICICI Prudential Life Insurance launches ICICI Pru Protect N Gain, a Protection based Saving
Life Insurance Plan
On 24th July 2023, ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life), launched
‘ICICI Pru Protect N Gain‘, a protection-oriented life insurance plan that offers life protection against
Accidental Death and Accidental Disability (Permanent disability due to accident) along with market-linked
returns.
• The scheme offers the dual benefits of protection and long-term savings to achieve the fundamental
needs of customers.
• The product provides the opportunity to offer life insurance protection of up to 100 times the
annual premium and enables customers to maximise returns through 18 funds options spread
across equity and debt.
• It provides the customers a life insurance cover for the entire policy time and ensures financial
security to their families during the policy tenure and significant lump sum for self on survival.
Note: ICICI Prudential Life Insurance Company Limited is promoted by ICICI Bank Limited and Prudential
Corporation Holdings Limited.
Bajaj Finserv launches first equity scheme in flexi-cap category

Bajaj Finserv Asset Management launched its first equity Fund ‘Bajaj Finserv Flexi Cap Fund’ in the flexi-cap
category, an open-ended and dynamic equity scheme.
• The New Fund Offer (NFO) opens for subscription on July 24 and closes on 7th August 2023.
• Bajaj Finserv Asset Management Limited is a wholly-owned subsidiary of Bajaj Finserv Limited.
Investment Approach
i.Flexi-cap fund invests across companies of any market capitalizations including large-caps, mid-caps, and
small-caps companies.
ii.Bajaj Finserv Flexi Cap Fund will follow an investment philosophy based on INQUBE – the Asset Management
Company (AMC)’s proprietary framework that adds the layer of behavioural finance to the informational and
quantitative edges.
iii.It also invests based on Megatrends investing approach and their experts spot across sectors, themes,
market capitalization and geographies.
Fund Manager: The scheme will be managed by Nimesh Chandan (Chief Investment Officer),Sorbh
Gupta(Senior Fund Manager – Equity) and Siddharth Chaudhary (Senior Fund Manager – Fixed Income)
Megatrends
Megatrends are long-term developments that impact various aspects of society significantly such as
technological advancements, changing consumer behaviors, demographic shifts, environmental concerns and
more.
Razorpay launches ‘MoneySaver Export Account’ for Indian exporters to save 50% on overseas
bank transfers
On 26th July 2023, Razorpay, a Finetech company announced the launch of its ‘MoneySaver Export Account‘,
built specifically for small and mid-size exporters by offering up to 50% savings on international bank transfers
for the Indian exporters. The facility allows exporters to open an account in any country of their choice (over
160 countries).

• The exporters receive international payments locally via the Razorpay platform such as FedWire,
Automated Clearing House (ACH) and more in order to save from high transfer costs, chargebacks
and payment failures.
• With the MoneySaver Export Account, Indian exporters can experience consistent wire transfer
from their international customers over 200 countries and have their funds settled directly in their
Indian bank accounts.
By using the Razorpay dashboard, users can access the features and all the payments will come with an
electronic Foreign Inward Remittance Statement (FIRS).
ECONOMY & BUSINESS NEWS

IMF WEO July 2023 Update projects Indian Economy Growth at 6.1% in 2023
On July 25, 2023, the International Monetary Fund (IMF) in its ‘July 2023 World Economic Outlook (WEO)
Update- Near-Term Resilience, Persistent Challenges‘ projected a growth rate of 6.1% for India in 2023, which
is a 0.2 percentage point upward revision compared with the April 2023 projection of 5.9%.
• This shows a stronger-than-expected growth in the Q4 of 2022 driven by robust domestic
investment.
• For 2024, it remained at 6.3%, as projected in April 2023 WEO Update. India grew at 7.2% in 2022.
Note: In this update, for India, data and projections are presented on a fiscal year basis, with FY 2022-23
(starting in April 2022).
• As per Calendar Year, India’s growth projections are 6.6% in 2023 and 5.8% in 2024.
The Global Scenario:
i.The global growth is projected to fall at 3% in both 2023 and 2024 from an estimated 3.5% in 2022.
ii.Global headline inflation is projected to fall to 6.8% in 2023 and 5.2% in 2024 from 8.7% in 2022.
iii.The global recovery is slowing amid increased dissimilarity among economic sectors and regions.
iv.The forecast for 2023 is modestly higher than predicted in the April 2023 WEO, however, it remains weak by
historical standards.
v.The outlook projected the moderation of adverse risk globally as the United States (US) debt ceiling standoff,
and strong action by authorities to contain turbulence in US and Swiss banking which reduced the immediate
risks of financial sector turmoil.
Regional Highlights:
i.On the regional front, Emerging market and Developing Economies will grow at 4% in 2023, and 4.1% in
2024.
ii.Emerging and Developing Asia will grow at 5.3% in 2023, and 5% in 2024.
• China and India are part of this region.
ADO July 2023: ADB Retained India’s GDP Growth Forecast at 6.4% in FY2023
Asian Development Outlook (ADO) July 2023: Robust Growth with Moderating Inflation published by the Asian
Development Bank (ADB) has retained India’s Gross Domestic Product (GDP) growth forecast at 6.4% in
FY2023 and 6.7% in FY2024, as projected in ADO April 2023.
• The inflation projection for India in FY2023 is reduced slightly from 5.0% in ADO April 2023 to 4.9%
and maintained at 4.5% in FY2024.
• This is driven by continued domestic demand that supports India’s recovery.
• The growth in South Asia is projected at 5.5% in 2023 and 6.1% in 2024.
Highlights:
i.Inflation in developing Asia is forecast at 3.6% for FY2023, compared with an April 2023 forecast of 4.2%. The
inflation outlook for 2024 is raised to 3.4% from an earlier estimate of 3.3%.

ii.For economies in developing Asia, as domestic demand remains robust, the regional growth forecast is
maintained at 4.8% for 2023 and revised down to 4.7% for 2024 from 4.8% in April 2023 forecast.
• Developing Asia consists of 46 economies in the Asia-Pacific and excludes Japan, Australia and New
Zealand.
iii.Growth in Southeast Asia is now expected at 4.6% in 2023 and 4.9% in 2024, down from 4.7% and 5%
previously.
iv.The forecast for Caucasus and Central Asia is revised down marginally to 4.3% from 4.4% for 2023, and to
4.4% from 4.6% in 2024 after oil production in Azerbaijan fell more than expected.
v.The growth forecasts for East Asia are maintained at 4.6% in 2023 and at 4.2% in 2024; and for the Pacific at
3.3% in 2023 and 2.8% in 2024.
vi.Headline inflation eased toward pre-pandemic averages as fuel and food prices waned.
About ADO:
i.Asian Development Outlook is the main economic forecasting product from ADB.
ii.It is published each April with an update published in September and brief reports published in July and
December.
Other Forecasts for India:
i.The Reserve Bank of India’s (RBI) Monetary Policy Committee projected GDP growth of 2023-24 at 6.5%.
ii.Fitch Ratings raised its forecast for India’s economic growth to 6.3% for FY24.
iii.World Bank (WB) had also pegged India’s GDP growth forecast to 6.3% in FY24.
Ashok Leyland won orders worth Rs. 800 crore from Indian Army to deliver Defence Vehicles
On 17th July 2023, Ashok Leyland Limited, a part of Hinduja Group, has won a contract worth Rs 800 crore to
supply defence vehicles to the Indian army.
• The contract includes the procurement of the field artillery tractor (FAT 4×4) and the gun towing
vehicle (GTV 6×6).
About FAT 4×4 and GTV 6×6:
The FAT 4×4 and GTV 6×6 are specialised vehicles employed by the artillery for towing light and medium guns,
respectively. Both these platforms were apparently featured in the initial positive indigenisation list announced
by the government of India.
• The vehicles will be delivered over the next 12 months to meet the requirements of the Indian Army.
Key Highlights:
i. Ashok Leyland’s selection for these pivotal Defence contracts emphasises its commitment to indigenous
manufacturing and its position as a trusted partner for the Indian Armed Forces.
ii. The contract also establishes the leadership of Ashok Leyalnd in the defence mobility vehicle business.
iii. Ashok Leyland has invested in development of mobility platforms ranging from 4×4, 6×6, 8×8, 10×10 &
12×12 for various applications and operational requirements of the Indian Armed Forces.
iv. These platforms are indigenously designed, developed and manufactured by Ashok Leyland and contribute
significantly towards import substitution.
v. The new order secured from the Defence Sector marked a significant milestone in the journey of Ashok
Leyland, which is going to celebrate its 75th anniversary in September 2023.
vi. Ashok Leyland is looking at speeding up its defence business over the next 3 years to achieve Rs 3,500 crore
plus tender win, compared with Rs 2,000 crore plus win over the past 5 years.
About Ashok Leyland Ltd:
Founded in- 1948
Headquarters- Chennai, Tamil Nadu
Managing Director (MD) & Chief Executive Officer (CEO)- Shenu Agarwal

HDFC Bank Crossed USD 100 Billion Valuation; Becomes World’s 7th largest Lender
On 14th July 2023, following its reverse merger with its parent company, Housing Development Finance
Corporation (HDFC) limited, HDFC Bank crossed the USD 100 billion market capitalisation(m-cap) and traded
at a market value of around USD 152 billion. With this, HDFC Bank has emerged as the World’s 7th largest
lender, moving ahead of Bank of China and Morgan Stanley, and Goldman Sachs.
HDFC bank has entering the list of the world’s top 10 banks by market capitalisation. JPMorgan Chase (USD 438
billion) tops the list followed by Bank of America at 2nd (USD 232 billion) and ICBC at 3rd (USD 224 billion).
MoU’s & AGREEMENTS

NASSCOM signed MoU with MIDAS & MAG to set up 1st launch pad in UK for Indian tech SMEs
On 29th June 2023, The National Association of Software and Service Companies (NASSCOM), the leading
organisation representing India’s technology industry, has signed a Memorandum of Understanding (MoU)
with MIDAS (Manchester’s Inward Investment Agency) and MAG (Manchester Airports Group) to establish first
NASSCOM launch pad in the United Kingdom (UK) to promote innovation, investment, and technological
exchange between Greater Manchester (UK), and India.
• Under this MoU, Small and medium-sized enterprises (SMEs) Indian tech companies seeking to establish
their presence in Greater Manchester (the UK) will have the opportunity to access 180 days of rent-free
office space within Manchester Airport’s premises.
Note: MAG is the largest group of airports in the UK, operating Manchester, London Stansted and East Midlands
Airport. It also has a digital travel services business, called ‘Ceiling and Visibility Unlimited’ (CAVU).
Background:
i. The MoU is an outcome of NASSCOM’s visit to the UK in September 2022, supported by the Department of
Business and Trade, Government of UK.
Note: The collaboration was initiated following the success of similar initiatives in Canada.
About the Collaboration:
i. The companies will also be assisted in terms of ecosystem connections, introductions to stakeholders, and
other supportive measures to facilitate a “Faster Go-To-Market” approach.
ii. NASSCOM will actively promote this proposition among its membership base and this collaboration is a
positive demonstration to facilitate trade ties on the ground, especially when both UK and India are at an
advanced stage of Free Trade Agreements (FTAs) negotiations.
Benefits:
i. This initiative will help lower initial set up costs for SMEs and enhance their credibility in the UK market.
ii. This new agreement has the potential to unlock significant opportunities for collaboration across trade and
investment.
Note: About 7 Indian companies will be setting up their operations in the 1st phase of this pilot project.
Key Points:
i. The companies participating in the NASSCOM launchpad will be housed within 4M, an office suite at
Manchester Airport, where CAVU is also based, along with a number of other businesses.
Note: The 4M is a method that allows to identify and group causes that impact to a specific effect. 4M categories
(Material, Method, Machine, Man (Workforce))
ii. The NASSCOM delegation presently in the UK comprises of 25 Tech SMEs and is scheduled to visit locations
such as Manchester, Birmingham and Bristol, other than London in the UK, to understand the unique value
proposition offered by each location.

About National Association of Software and Service Companies (NASSCOM):
Chairperson- Anant Maheshwari
President- Debjani Ghosh
Headquarters- Noida, Uttar Pradesh
UK signed treaty to join Trans-Pacific trading bloc

On 16th July 2023, the United Kingdom (UK) signed a deal to join the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP), a major Asia-Pacific trading bloc in New Zealand and
became the first new member and first European nation to join since it was formed in 2018.
Kemi Badenoch, the Business and Trade Secretary of the UK signed the treaty confirming UK’s accession
protocol for the CPTPP in New Zealand.
• With the inclusion of the UK, the collective Gross domestic product (GDP) of the bloc, comprising
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam,
will amount to 12 trillion pounds (USD 15.7 trillion), or 15% of the global GDP.
• The deal would mark the significant trade agreement for Britain since its departure from the
European Union in 2020.
It will bring a barrier-free trade access for British businesses to a market of 500 million people and access to
the wider region and the pact is expected to come into force in the second half of 2024.
MoD signed a contract of Rs. 2725 Cr with MDL for INS Shankush
On 30th June 2023, the Ministry of Defence (MoD) signed a contract with the Mazagon Dock Shipbuilders
Limited (MDL) for the Medium Refit with Life Certification (MRLC) of the Indian Navy Ship “INS Shankush”, a
SubSurface Killer (SSK) Class of Submarine.
• The cost of the overall contract is Rs.2725 crore and the delivery of the Submarine post-MRLC will
be in 2026.
• Under this contract, INS Shankush, a submarine belonging to the SSK Class, will undergo
comprehensive renovation and life certification at MDL’s facility in Mumbai, Maharashtra.
Note: INS Shankush belongs to the Shishumar class of Submarines and has a speed of 22 knots.
About the Contract:
i. This contract holds the significant step towards the development of MDL as a Maintenance, Repair &
Overhaul (MRO) hub for supporting the industrial ecosystem of India.
ii. The project is set to involve the participation of over 30 Micro, Small, and Medium Enterprises (MSMEs).
iii. It would lead to employment generation of 1200 man-days per day throughout the project duration.
iv. The INS Shankush project will be a flag bearer of Atmanirbhar Bharat in accordance with the Government of
India’s Make-in-India initiative.
Additional Info:
MDL is also currently in the process of finalising an agreement with the United States of America’ s (USA) Navy
to provide maintenance and repair services during voyages for its fleet.
About Ministry of Defence (MoD):
Union Minister- Raj Nath Singh (Constituency- Lucknow, Uttar Pradesh)
Minister of State (MoS)- Ajay Bhatt (Constituency- Nainital- Udham Singh Nagar, Uttarakhand)
IN & ICG signed MoU with IPRCL to develop a gallery at NMHC

On 2nd July 2023, The Indian Navy (IN) and Indian Coast Guard (ICG) has signed an Memorandum of
Understanding (MoU) with Indian Port Rail & Ropeway Corporation Ltd (IPRCL) in Gandhinagar, Gujarat, to set
up a Naval gallery at National Maritime Heritage Complex (NHMC).

• The MoU aims at Planning, Development, Construction, and Commissioning of Gallery No.6, based
on the theme, “Evolution of Indian Navy & Indian Coast Guard” in Phase 1A of this Project.
Note: Sarbananda Sonowal reviewed the project process of National Maritime Heritage Complex,World’s
biggest maritime museum complex, Lothal in Gandhinagar, Gujarat
Signatories:
i.This MoU has been signed by Commandant PV Gopal, Project Officer, NMHC, Indian Coast Guard (ICG) and AK
Gupta, Managing Director(MD), Indian Port Rail & Ropeway Corporation Ltd.
ii.The signing of MoU took place in presence of Sarbananda Sonowal, MoPSW, Bhupendrabhai Patel, Chief
Minister(CM) of Gujarat, Dr. Mansukh Mandaviya, Union Minister of Health & Family Welfare Shantanu Thakur
and Shripad Yesso Naik, Ministers of State(MoS) MoPSW and senior officers of the Indian Coast Guard and
Indian Navy.
About NHMC:
i.Ministry of Ports,Shipping and Waterways (MoPSW) is building NHMC at the historic Indus Valley civilization
(IVC) region in Lothal, Gujarat, at an investment of Rs 4,500 crore.
ii.The foundation stone for the project was laid by Prime Minister(PM) Narendra Modi in March 2019.
iii.Indian Navy and coast guard will work for the planning, development, construction, and commissioning of
the gallery.
Key highlights:
i.NMHC complex will have World’s Tallest Lighthouse Museum, Asia’s Biggest Under Water Marine Museum
and India’s Grandest Naval Museum
i.iIt will showcase the maritime heritage of the country from ancient to modern times by adopting an
edutainment approach using the latest technology to spread awareness about India’s maritime heritage.
iii.It will comprise of Lothal mini recreation to recreate Harappan architecture and lifestyle; four theme parks –
Memorial theme park, Maritime and Navy theme park, Climate theme park, and Adventure and Amusement
theme park; 14 galleries highlighting India’s maritime heritage starting from the Harappan times till now; a
Coastal States pavilion displaying the diverse maritime heritage of states and Union Territories(UT).
Note: NMHC is one of the major projects of Sagarmala Programme under MoPSW.
About Ministry of Ports, Shipping and Waterways (MoPSW):
Union Minister- Sarbananda Sonowal
Minister of State- Shantanu Thakur; Shripad Yesso Naik.
NADA India signs MoU with SARADO to increase the Regional Cooperation in anti-doping in
sport
On 3rd July 2023, National Anti-Doping Agency (NADA) India signed a Memorandum of Understanding (MoU)
with South Asia Regional Anti-Doping Organisation (SARADO),comprising of Anti-Doping Organizations of
Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka to increase the Regional Cooperation in anti-doping in
sports NADA India – SARADO Cooperation Meet in New Delhi, Delhi.
• The collaboration helps in collectively addressing the challenges posed by doping practices in
sports.
• This agreement marks a significant milestone as the first of its kind for India in the field of anti-
doping.
Key highlights:
The project plan includes the development of anti-doping education and prevention programmes in South Asia;
training and upskilling of sample collection personnel and educators; organising seminars and workshops;
facilitating exchange programmes; and producing educational literature on anti-doping over a period of 3
years.
What is Doping in sports?
Doping is the act of consuming artificial and often illegal substances to gain an advantage over others in
sporting competitions (for example:anabolic steroids, human growth hormones, stimulants and diuretics).

About National Anti Doping Agency (NADA) India :
NADA India was set up as registered society under the Societies Registration Act of 1860 on November 24,
2005 with a mandate for Dope free sports in India.
• Director General & Chief executive officer(CEO) – Ms. Ritu Sain
About South Asia Regional Anti-Doping Organisation (SARADO):
i.SARADO was formed on 16th May 2007 in the South Asian Anti-Doping Program Project Development
Meeting held in Maldives.It comprises of Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka to value and foster
doping free sport.
• Director General – Mr. Mohamed Mahid Shareef,
RAKEZ & ICFA signed MoU to promote Trade and Innovations in Food and Agriculture Sectors
between UAE and India
Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) signed a
Memorandum of Understanding (MoU) to promote growth and development within the food and agriculture
sectors of the United Arab Emirates (UAE) and India.
Signatories:
The MoU was signed by Ramy Jallad, Chief Executive Officer (CEO) of RAKEZ Group and Dr MJ Khan, Chairman
of ICFA.
Significance of the MoU:
i. The MoU aims to create opportunities for knowledge exchange, trade promotion, investment, and research
and development collaboration.
ii. It emphasises the commitment to strengthen relationships with international organisations like ICFA and
recognising India’s role as a strategic trade and investment partner for the UAE.
iii. The collaboration aims to provide opportunities for capacity-building, enabling tech and agricultural
companies in the RAKEZ business community to enhance their methods and share innovative, sustainable
farming techniques with major Indian companies.
iv. RAKEZ and ICFA will actively identify and promote investment opportunities for Indian businesses in the
economic zone, serving as an attractive gateway to the Middle East through this partnership.
v. This MoU further strengthens the UAE-India relations, which have been raised by the Comprehensive
Economic Partnership Agreement (CEPA)signed in February 2022.
Features of the MoU:
i. Under this MoU, RAKEZ will enable Indian agri-businesses to explore profitable opportunities in the Middle
East/North Africa (MENA) region through Ras Al Khaimah, UAE.
ii. The proposed joint research and development projects will stimulate agricultural innovation and contribute
significantly to the sector’s advancement in both India and the UAE.
iii. The MoU will facilitate promotional activities for trade, market access, and business matchmaking between
Indian food and agriculture companies and businesses within the RAKEZ ecosystem.
Additional Info:
i. As one of the UAE’s largest trading partners, India brings valuable innovation and expertise in the food and
agriculture sectors, particularly in sustainable farming and food processing technologies.
ii. Over 4,000 Indian companies, including Mahindra, Ashok Leyland, and Dabur, already operating in RAKEZ,
the collaboration with ICFA promises to further boost Indian presence and investment in the UAE.
About Indian Chamber of Food and Agriculture (ICFA):
ICFA is a society registered under Societies Registration Act, 1860, established in 2015
President- Prof. Panjab Singh

India Post & Canada Post signed a bilateral Tracked Packet agreement
According to the Gazette of India notified by the Department of Post, Ministry of Communication, dated June 28,
2023, India Post & Canada Post have signed a bilateral Tracked Packet agreement to introduce International
Tracked Packet Service (ITPS) between two countries to facilitate e-commerce exports.
• The service commenced operation with effect from July 01, 2023.
• The service will provide a competitive shipping solution for packets up to 2 kg with a tracking
facility and fulfil a major demand of exporters. The postage rates for the first 50 gms would be Rs
400 and Rs 35 for every additional 50 gms.
• India Post already provides ITPS service with 38 partner countries and Canada will be the 39th.
Note:On 1st June 2023, the ITPS service was expanded from 16 to 38 countries by bringing on 22 new partners,
including the United Kingdom (UK), France, the United Arab Emirates(UAE), Egypt, and Oman.
Japan to Export to India Stealthy UNICORN NORA-50 Integration Mast

India and Japan have recently solidified their strategic partnership with a Memorandum of Cooperation
(MoC) for the development of the UNICORN (UNIted COnbined Radio aNtenna) NORA-50 integration mast.
The MoC brings strategic partnership between two countries in the field of defence Technology.
• This unique horn-shaped structure consolidates multiple
antennas for tactical data link, TACAN (Tactical Air
Navigation), and communications, aiming to reduce radar
cross-section (RCS) and enhance operational capabilities.
• TACAN is a vital navigation tool in military aviation by
providing accurate aircraft placement, particularly in
difficult operational settings, and contributing to the
overall safety and effectiveness of military missions. The
aim of the project is to improve military systems’
navigational skills by incorporating TACAN capabilities into the NORA-50.
Key Highlight:
i.The NORA-50’s development is crucial in modern warfare as it decreases RCS, enhancing stealth and mission
success rates. Integrating multiple antennas streamlines installation, reduces system weight, and optimises
space utilisation on military platforms for efficient communication and minimal interference.
• The collaboration recognizes the significance of advanced communication and data link systems in
modern warfare, enhancing situational awareness and quick decision-making.
ii. The project includes joint research, development, and technology transfer, benefiting both nations.
iii. Beyond technological advancements, this partnership strengthens diplomatic and strategic ties. The NORA-
50’s development holds far-reaching implications for their defence forces, becoming a critical component of
advanced military platforms with enhanced communication, navigation, and stealth capabilities.
iii.The collaboration underscores their commitment to advancing defence capabilities through joint research,
development, and innovation.
iv. By combining expertise, they aim to develop cutting-edge technologies addressing defence challenges and
promoting regional stability.
DGCA signed MoU with EASA for Unmanned Aircraft Systems & Innovative Air Mobility
The Directorate General of Civil Aviation (DGCA), aviation regulator of India has signed a Memorandum of
Understanding (MoU) with the European Union Aviation Safety Agency (EASA), aviation regulator of Europe, to
enhance cooperation in the areas of Unmanned Aircraft Systems (UAS) and innovative air mobility.
• The MoU focuses on cooperation in the areas of development of certification standards,
environmental standards and related requirements for the certification and use of unmanned
aircraft systems and innovative air mobility operations.

• This encloses aspects such as licensing of personnel, training, air traffic management and
infrastructure, including the establishment of standards and services for Unmanned Aircraft System
Traffic Management (UTM).
Significance of the MoU:
i. The MoU emphasises the significance of regular information sharing between DGCA and EAS on the
technological developments and research in this area.
ii. It also encourages both authorities to collaborate on respective strategies for outreach to relevant
stakeholders.
iii. To promote knowledge exchange and capacity building, it will facilitate joint conferences, workshops,
training programs by DGCA and EASA in this area.
iv. The signing of this MoU is expected to result in significant impact on the standards and accelerated growth
of the Indian Unmanned Aviation Sector.
Letter of Intent:
The partnership between DGCA and EASA, initiated with the signing of letter of intent (LoI) by the DGCA on
UAS and Innovative Air Mobility with the European Union Aviation Safety Agency (EASA) during the European
Union (EU)-India Aviation Summit held in New Delhi, Delhi on 20th April 2023.
About European Union Aviation Safety Agency (EASA):
Executive Director- Patrick Ky
Chair of the Management Board- Piotr Samson
Headquarters- Cologne, Germany
India, Singapore Have Extended MoU to Co-operate on Public Administration Till ‘2028
On 6th July 2023, The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of
Personnel, Public Grievances and Pensions(MoPPG &P), and the Public Service Division, of the Republic of
Singapore have signed a protocol document to extend the current Memorandum of Understanding (MoU) on
Cooperation in Personnel Management and Public Administration for another five years till 2028.
Key points:
i.The MoU aims to strengthen the partnership between India and Singapore public services.
ii.The activities that are covered under the MoU includes cooperation in the areas of Administrative Reforms &
Public Sector Transformation, Public Service Delivery, Leadership and Talent Development, E-Governance,
Capacity Building and Training.
Signing of the MoU:
i.The MoU was signed by V Srinivas, secretary on behalf of DARPG, and High Commissioner of Singapore to
India, Simon Wong.
ii.The signing ceremony was attended by senior officers of the Singapore High Commission and DARPG.
Permanent Secretary, Public Service Division, Republic of Singapore also attended and addressed the event
virtually.
About Ministry of Personnel, Public Grievances and Pensions(MoPPG&P):
Union minister- Narendra Modi (Prime Minister)(Varanasi, Uttar Pradesh)
Minister of state- Dr. Jitendra Singh(Udhampur, Jammu and Kashmir)
THDCIL Signs MoU with NHAI for Technical Services for Road Safety
On 4th July 2023, THDC India Ltd (THDCIL), a Mini Ratna category-I company under National Thermal Power
Corporation Limited(NTPC) and a Schedule ‘A’ Public Sector Undertaking (PSU) signed a Memorandum of
Understanding (MoU) with the National Highways Authority of India (NHAI) at the NHAI headquarters in New
Delhi, Delhi to provide technical services as the technical consultant.

• The collaboration aims to enhance road safety in the National Highway, by addressing the risks
associated with landslides.
i.The MoU was signed by Atul Jain, Executive Director(ED)(Technical) THDCIL, and Amarendra Kumar, CGM
(Technical) of NHAI.
ii.THDCIL will be responsible for assessing landslide susceptibility areas and recommending mitigation
measures for vulnerable slopes between Udhampur and Ramban in Jammu&Kashmir on NH(National Highway)
44.
NSIL Signs MoU with Voyager Space to explore Opportunities in Space Technology
Voyager Space, a global leader in space exploration, signed a Memorandum of Understanding (MoU) with
NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE), under Department of Space (DOS)
and the commercial arm of the Indian Space Research Organization (ISRO).
• The MoU aims to foster collaboration in spacecraft launch and deployment opportunities on-board
NSIL’s Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV).
Key Points:
Voyager Space and NSIL will engage in joint research and development efforts to explore the use of space
qualified components from NSIL.
• The collaboration extends beyond launch services and encompasses spacecraft manufacturing,
deployment, operations, and other areas of mutual interest.
• By leveraging NSIL’s expertise in space technology and Voyager Space’s domain knowledge, the
partnership aims to drive innovation and advancement in the small satellite launch industry.
• This is particularly significant as small satellite launches have been gaining prominence in recent
years due to their cost-effectiveness and versatility.
Note: Voyager Space has already achieved success in flying customer satellites on two PSLV missions. The
collaboration with NSIL further strengthens Voyager Space’s presence in the Indian space market and opens up
new avenues for commercial space exploration in India and beyond.
About NewSpace India Limited (NSIL) – The commercial arm of ISRO:
Chairman & Managing Director(CMD) – Radhakrishnan Durairaj
Gujarat signed six MoUs with private industries for mangrove plantation under MISHTI scheme
On 6th July 2023, The government of Gujarat signed an Memorandum of Understanding (MoU) with six
industries for the mangrove plantation over 3000 hectares of land, under the MISHTI (Mangrove Initiative
for Shoreline Habitats & Tangible Incomes) scheme.
• The objective of these agreements were to increase the mangrove plantation cover along the
coastline of Gujarat.
• The 6 MoUs were signed with Digvijay Cement Limited, Nayara Energy Limited, RSPL Limited, Tata
Chemicals Society for Rural Development, Cairn Oil and Gas (Vedanta Limited) and Reliance
Industries Limited (RIL).
The MoU was signed during the event organised to launch the Hariyali Mahotsav, a drive to plant mangroves
in Dwarka town of Devbhumi Dwarka district, Gujarat.
Key people:
The MoUs were signed in the presence of Bhupender Yadav, Union Minister for Environment, Forest & Climate
Change, , Poonamben Madam, Member of Parliament(MP- Lok Sabha – Jamnagar and Dwarka), and Mulubhai
Bera, Minister of Tourism, Cultural Activities & Forest and Environment, Government of Gujarat.
Details of MoUs:
The 6 companies have agreed to support mangrove plantation in cumulatively 3006 ha and pledged Rs 6 crore

for the same.
Digvijay Cement has pledged to support mangrove plantation in 40 ha, Nayara in 250 ha, RSPL Limited in 100
ha, Tata Chemicals in 200 ha, Vedanta in 1000 ha and RIL in 1416 ha.
Details of the MoU between RIL & Gujarat:
Under the MoU between RIL and Gujarat Government, mangrove forest in around 1416 hectares area of Marine
National Park will be developed under the MISHTI Scheme.
• The mangroves forest will be developed at a cost of Rs 510 lakh in the next 5 years.
Mangrove Coverage in Gujarat:
i.Mangrove cover in Gujarat is the second largest after West Bengal.
ii.Mangrove forests are found in the thirteen coastal districts of Gujarat, Kachchh and Jamnagar districts have
the most mangrove coverage among others.
About MISHTI Scheme:
i.MISHTI Scheme initiated with an aim of increasing the Mangroves covering approximately 540 Sq. Kms,
spreading across 9 States and 4 Union Territories within 2027-2028.
ii.The Centre will fund 80% of the project, while state governments will cover the remaining 20%.
iii.The MISHTI initiative aims to share best practices in plantation techniques, conservation measures,
management practises, and resource mobilisation through Public Private Partnership.
About Gujarat:
Chief Minister– Bhupendra Rajnikant Patel
Governor– Acharya Devvrat
Ramsar sites in Gujarat (Total 4 sites) – Khijadia Wildlife Sanctuary, Nalsarovar Bird Sanctuary, Thol Lake
Wildlife Sanctuary, Wadhvana Wetland.
ECI & ET of Panama signed MoU on Electoral Cooperation

On 7th July 2023, the Election Commission of India (ECI) and the Electoral Tribunal (ET) of Panama signed a
Memorandum of Understanding (MoU) to establish an institutional framework for their ongoing cooperation in
the field of Election Management and Administration.
• The MoU was signed in Panama City, Panama during the interaction between the 3 member ECI
delegation led by Chief Election Commissioner (CEC) of India Rajiv Kumar and Alfredo
Juncá Wendehake, Presiding Magistrate, ET of Panama, Eduardo Valdes Escoffery, 1st vice
presidential magistrate and Luis A. Guerra Morales, 2nd vice presidential magistrate, ET of Panama.
• During the meet, they discussed on strengthening collaboration and knowledge exchange between
the two Election Management Bodies (EMBs).
Background:
i. ECI has been expanding its links and cooperation with foreign Election Management Bodies (EMBs) through
its ‘International Cooperation Programme’.
ii. This is the 4th MoU signed by ECI with an Election Management Body (EMB) in the Latin American region.
• Previously, ECI has signed similar MoUs with Brazil, Chile and Mexico.
iii. ECI has signed an overall 31 MoUs with EMBs and international organisations across the world.
Highlights:
i. The partnership between the 2 nations creates a platform for the exchange of knowledge, expertise, and
technological advancements.
ii. The ECI and ET of Panama are the members of the Association of World Election Bodies (A-WEB).
Note: Officials from the ET of Panama also attended the international conference on ‘Inclusive Elections and
Elections Integrity’ organised by the EC in March 2023 as the lead for ‘Cohort on Elections Integrity’ under the
aegis of the ‘Summit for Democracy’.
iii. The ECI delegation will be attending the 11th Executive Board Meeting of A-WEB and an International
Conference at Cartagena, Colombia.

Association of World Election Bodies (A-WEB):
A-WEB is the largest association of EMBs across the world with 119 EMBs as Members & 20 Regional
Associations/Organisations as Associate Members.
About Panama:
Capital- Panama City
President- Laurentino Cortizo Cohen
Currency- Panamanian Balboa (PAB)
National Water Mission Signs MoU with Indian Plumbing Association To Improve Water Use
Efficiency
On 7th July 2023, the Bureau of Water Use Efficiency (BWUE), under the National Water Mission (NWM) of the
Ministry of Jal Shakti, has signed a Memorandum of Understanding (MoU) with the Indian Plumbing
Association (IPA) towards achieving a water-positive India by improving water use efficiency.
• The MoU aims to create awareness & promote rain water harvesting structures, low flow fixtures &
sanitary ware, treatment of grey & black water (5Rs: Reduce –Recycle- Reuse-Replenish-Respect),
water audit of built environment.
• Bureau of Water Use Efficiency (BWUE) has been set up under the Implementation of NWM by the
Department of Water Resources, River Development and Ganga Rejuvenation (DoWR, RD &
GR),Ministry of Jal Shakti.
The MoU was signed by Archana Varma, Additional Secretary & Mission Director, on behalf of NWM, Ministry of
Jal Shakti and Gurmit Singh Arora, National President, IPA, Okhla, New Delhi, Delhi.
Outcome of the MoU:
i.The MoU helps to promote the objective of BWUE, to consume less water by increasing water use efficiency by
aligning with the IPA’s ongoing efforts to advocate for water-sensitive fixtures that consume less water.
ii.IPA will cooperate to increase water use efficiency in domestic sector by 50-60% by reducing the
consumption from 135 liters per capita per day (lpcd) to 60 lpcd and the need for water audits in built
environments, such as residential buildings and hotels, to achieve the ambitious target of Net Zero Water
Buildings.
iii.The MoU aligns with the NWM’s Goal-4 to increase the water use efficiency by 20%.
iv.The provisions in the MoU focus on implementation and promotion of the objective of the NWM, through 24
chapters (in various cities) and with more than 6500 members of IPA.
About Ministry of Jal Shakti:
Union Minister– Gajendra Singh Shekhawat
Minister of State– Prahlad Singh Patel; Bishweswar Tudu.
MoD & HAL sign Rs 458 crore contract for two Dornier Aircraft
On 7th July 2023, Ministry of Defence(MoD) signed a contract with Hindustan Aeronautics Limited (HAL) for
procurement of 2 Dornier Aircraft for Indian Coast Guard (ICG). The overall cost is Rs 458.87 crore along with
associated Engineering Support package.
• The aircraft will be procured under the Buy (Indian) Category in New Delhi, Delhi in line with
the Aatmanirbhar Bharat policy.
• The aircraft will be equipped with advanced equipments such as glass cockpit, maritime patrol
radar, electro-optical infrared device, mission management system, etc. which enhances the aerial
surveillance capability of maritime areas under the responsibility of the ICG.
Note: The Dornier aircraft are being indigenously manufactured at HAL (Transport Aircraft Division), Kanpur,
Uttar Pradesh under “Make in India” initiative.

L&T and US Navy signed a Master Ship Repair Agreement for voyage repairs
On 11th July 2023, Larsen & Toubro (L&T) limited has signed a Master Shipyard Repair Agreement (MSRA)
with the United States Navy (US Navy) to strengthen the strategic partnership between India and the United
States of America (USA) in the defence sector and to contribute to a free and open Indo-Pacific.
Note: This MSRA is a direct outcome of the 2022 US-India 2+2 Ministerial Dialogue.
Background:
i. L&T’s state-of-the-art Kattupalli Shipyard near Chennai, Tamil Nadu(TN), one of the major node in the
Southern Defence Corridor, has been undertaking voyage repairs of the Military Sealift Command vessels.
ii. Following an elaborate assessment by the US Navy and the Military Sealift Command, the Shipyard was
qualified for the MSRA.
This is equivalent to undertaking warship refits, for which the Shipyard has already been qualified by the
Indian Navy and the Coast Guard.
About MSRA agreement:
i. Under this MSRA, L&T will dedicate all its dynamism, innovation, and Shipbuilding 4.0 techniques to meet the
quality and delivery requirements of the US Navy
ii. The agreement covers a variety of ship repair services, including hull repair, mechanical repair, electrical
repair, painting and so on and the agreement is valid for a period of 5 years.
iii. With this agreement, L&T will expand its presence in the global ship repair market and it will let the US
Navy get its ships repaired at a lower cost.
US Naval Ship (NS) Salvor:
i. The USNS Salvor is the Military Sealift Command’s rescue and salvage ship, which arrived at the shipyard on
9th July for voyage repairs.
ii. The USNS Salvor was the first ship under the MSRA to undergo steel repairs and it is the third US ship
coming to L&T Shipyard for voyage repairs.
Note: Earlier, voyage repairs of Marine Sealift Command (MSC) Fleet Support Ships, USNS Charles Drew and
USNS Matthew Perry were undertaken and completed on time by L&T.
Additional Info:
L&T is a USD 23 billion Indian multinational engaged in engineering, procurement, and construction (EPC)
projects, among others, and it operates in over 50 countries across the world.
Gogoro & Maharashtra Govt. Made an MoU to Set Up Smart Battery Ecosystem
Gogoro Inc. (Gogoro), a Taiwanese-based battery-swapping service provider and two-wheeler manufacturer
and the Maharashtra Government entered into an ‘Ultra Mega Project‘ agreement to invest more than USD
1.5 billion over the next 8 years to manufacture Electric Vehicles (EVs), smart battery packs and battery swap
stations across Maharashtra.
The proposed ‘Ultra Mega Project’ agreement includes financial incentive and support from the Maharashtra
government.
About the Ultra Mega Project:
i. In the 1st phase of the eight-year project, Gogoro will invest more than USD 500 million for manufacturing
vehicles and another USD 1 billion for smart battery infrastructure deployment which will be supported by
financial incentives and reimbursements by Maharashtra.
ii. Maharashtra being the leading state in India for EVs, committed towards sustainable transportation for
everyone by creating a smart battery ecosystem with Gogoro, a leader in sustainable vehicles and electric fuel
technologies.
Benefits of the project:
i. The project focused on creating a domestic supplier ecosystem that allows for domestic growth and foreign
market expansion and would generate approximately 10,000 direct and indirect jobs.
ii. With this partnership, Gogoro is expected to lead the increase of foreign direct investment into Maharashtra
in both supply chain capabilities and smart battery infrastructure.

Taiwan to Establish TECC Office in Mumbai
On 5th July 2023, Taiwan announced its plans to expand its official presence in India by establishing its third
and new representative office “Taipei Economic and Cultural Centre (TECC)” in Mumbai, Maharashtra aimed at
expanding overall cooperation between India and Taiwan.
Other Representative offices:
i. In 2012, TECC was set up in Chennai, Tamil Nadu, since then nearly 60% of all Taiwanese businesses
investing and opening factories in India have chosen to develop their operations in southern India.
ii. The investments made by Taiwanese manufacturing industries benefited Chennai and its surrounding areas.
The establishment of the TECC in Mumbai is expected to have a similar effect in western part of India.
Note: In 1995, both Taiwan and India established their respective representative offices: TECC in New Delhi,
Delhi and an “India Taipei Association” in Taipei, Taiwan.
Benefits of India-Taiwan tie-ups:
i. India has emerged as a major investment destination for global enterprises with its huge market and related
business opportunities.
• India becomes the most populous nation in 2023, while in 2022, India becomes the world’s 5th
largest economy.
ii. Mumbai being the largest city in India, serving as India’s financial centre and exhibiting its largest port.
iii. Under Taiwan’s New Southbound Policy (NSP), it will also promote exchanges and cooperation in science
and technology, education, culture, and people-to-people ties between Taiwan and western India.
About Maharashtra:
Chief Minister– Eknath Shinde
Governor– Ramesh Bais
Zoological Park: Jijamata Udyan Zoo and Maharajbagh Zoo
IFSCA inks MoU with Climate Policy Initiative and IIML -EIC
On July 11, 2023, the International Financial Services Centres Authority (IFSCA) signed Memorandums of
Understanding (MoUs) with Climate Policy Initiative -India (CPI) and IIML –EIC. These are detailed as below:
IFSCA MoU with CPI-India to cooperate on Sustainable Finance
IFSCA and CPI-India has signed a MoU for mutual assistance and cooperation to increase mobilization of global
sustainable capital flows into India.
Key Points:
i.This MoU also includes research and joint convenings in the field of sustainable finance.
ii.It is a step towards helping India and other developing countries achieve their goals of producing zero net
emissions and meeting the Sustainable Development Goals (SDGs) by making the International Financial
Services Centre (IFSC) a global hub for sustainable finance.
What is the requirement of International Capital Flows/mobilization of sustainable finance in India?
To meet the climate investment needs in India and achieve a successful low-carbon transition, there is a
requirement for greater international capital flows. According to CPI’s Landscape of Green Finance report in
2022, the total tracked climate investments for fiscal years 2018 to 2020 amounted to $40 to $50 billion per
year, with about 85% from domestic sources. However, this falls short of the necessary investment and
financing to meet India’s climate investment requirements.
• To bridge this gap, it is essential to attract more international capital flows, and this MoU is a step
towards the same.
About CPI:
CPI is an expert in finance and policies. They work to improve important energy and land use practices all over
the world. Its main goal is to help governments, businesses, and financial institutions promote economic
growth while also addressing the challenges of climate change.
• CPI India Private Limited has been working to support India in fulfilling its global climate change
commitments though: clean energy market catalysing initiatives, such as the US India Clean Energy

Finance (USICEF), India Clean Energy Finance 2.0 (ICEF 2.0), Productive Use of Renewable Energy
(PURE), India Distributed Solar Finance initiative (IDSF), the Global Innovation Lab for Climate
Finance (India Chapter); among others.
Note: IFSCA develop and regulate the financial products, financial services, and financial institutions in the
IFSC. Prior to the establishment of IFSCA, domestic financial regulators, namely the Reserve Bank of India
(RBI), Securities and Exchange Board of India (SEBI), Pension Fund Regulatory and Development Authority
(PFRDA), and Insurance Regulatory and Development Authority (IRDA) regulated the business in IFSC.
IFSCA inks MoU with IIML -EIC to collaborate for supporting and
facilitating FinTech and TechFin entities
IFSCA has also signed MoU with IIM Lucknow Enterprise Incubation Centre (IIML EIC) at IIM (Indian
Institute of Management) Lucknow EIC, Noida campus in Uttar Pradesh (UP).
Key Points:
i.This MoU aims to establish a framework for collaboration and mutual understanding between both
organizations for supporting and facilitating FinTech and TechFin entities.
ii.Under this, FinTechs registered with IIML EIC may be facilitated to access IFSCA’s Regulatory and Innovation
Sandbox and apply to the IFSCA (FinTech Incentive) Scheme, 2022
About IIML EIC:
It is promoted by Indian IIM Lucknow and supported by National Science & Technology Entrepreneurship
Development Board (NSTEDB), Department of Science and Technology (“DST”), Government of India, and
Government of UP.
• It is focused on providing faster growth to new ventures for successful commercialization of
technology / product through a combination of accelerator program, seed capital, corporate venture
capital funds, smart co-working space, corporate market access, mentoring and training programs.
Click here for Official Notification
i.On April 19, 2023, IndusInd Bank signed a USD 100 million long-term credit deal with the Japan Bank for
International Cooperation (JBIC) to assist Indian firms interested in purchasing Japanese construction
equipment. It is in line with the IFSCA’s objective to make GIFT City as hub for raising long term finance.
ii.Godrej Capital Limited, the financial services arm of the Godrej Group, and State Bank of India (SBI) have
signed a MoU to strengthen their partnership, where the bank would provide various financial products and
offerings.
About International Financial Services Centres Authority (IFSCA):
It was established in April 2020 under the International Financial Services Centres Authority Act, 2019.
Executive Director– Praveen Trivedi
Headquarters– Gandhinagar, Gujarat
Government of Meghalaya & NTPC signed MoU to enhance power and Clean Energy Generation
in Meghalaya
The Government of Meghalaya and NTPC Limited(formerly known as National Thermal Power Corporation
Limited) signed a series of Memorandum of Understanding (MoUs) to enhance the power infrastructure and
clean energy generation in Meghalaya.
• The MoUs encompass the Power Portfolio Management Services (PMS) for Meghalaya Discom, the
setting up of Pump Storage Power Plants (PSPs), and the implementation of Floating Solar projects
across Meghalaya.
• It also aims at enhancing power portfolio management of Meghalaya Energy Corporation Limited
(MeECL) by a team of professionals and expertise of the NTPC.
Key People:
The MoU was signed in the presence of Conrad K Sangma, Chief Minister(CM) of Meghalaya; Abu Taher Mondal,

Cabinet Minister, Power Department of Meghalaya; Gurdeep Singh, Chairman and Managing Director (CMD) of
NTPC Limited and Sanjay Goyal, CMD, MeECL in New Delhi, Delhi.
Defence Ministry signs MoU with FSSAI to promote millet foods among defence personnel
On 13th July 2023, the Ministry of Defence (MoD) and Food Safety & Standards Authority of India (FSSAI)
signed a Memorandum of Understanding (MoU) to promote use of millets and healthy eating practices among
the Armed Forces and ensure availability of safe & nutritious food in New Delhi, Delhi.
• The MoU was signed by Director General (Supplies and Transport) Lieutenant General Preet
Mohindera Singh on behalf of Ministry of Defence (MoD) and CEO, Food Safety and Standards
Authority of India (FSSAI) Shri G Kamala Vardhana Rao in the presence of Minister of Defence (MoD)
Rajnath Singh and Minister of Health & Family Welfare (MoHFW) Dr Mansukh Mandaviya.
Benefits by this MoU:
i.It aims to create awareness about the nutritional benefits of diet diversity and millet-based food products
among the Army personnel and also pave the way for the introduction of millet-based menus in mess, canteens
and other food outlets under the MoD.
ii.This collaboration will also ensure that food handlers and chefs of mess, canteens of the Armed Forces, and
other food outlets receive food safety and hygiene training in accordance with the Food Safety and Standards
Act of 2006.
iii.The MoU will also encourage Armed Forces families and the general public to adopt nutritious diets, make
healthy food choices, and ensure food safety.
Millets: Millets are known for their nutritional value and can contribute to a well-balanced and diverse diet.
Book Launched: ‘Healthy Recipes for Defence’
i.The union ministers Rajnath Singh and Mansukh Mandaviya unveiled a book titled ‘Healthy Recipes for
Defence’ to promote the consumption of Shree Anna (millets) and its health benefits.
• This book will serve as a valuable resource for different canteens and food outlets under the MoD.
ii.The improvement in varieties of food provided to defence personnel assumes great importance, who work in
challenging terrains and varied climatic conditions.
TCS signed contract with GeM to develop enhanced version of Government e-Marketplace
portal
On 13th July 2023, Tata Consultancy Services (TCS), India’s largest software exporter signed a contract with
Government e-Marketplace (GeM), Government procurement portal, for developing, implementing, operating
and maintaining the GeM portal in GeM headquarters New Delhi, Delhi.
Background:
i. In the early 2023, the government invited bids for developing an advanced version of the GeM portal.
ii. In June 2023, Piyush Goyal, Union Minister of Commerce and Industry and Consumer Affairs, Food & Public
Distribution, and Textiles announced that TCS has won the contract to for operating and maintaining the GeM.
iii. TCS and Intellect Design Arena (Gurugram (Haryana)-based) fintech platform were the 2 highest bidders.
iv. In 2017, The task of development and maintenance of the GeM portal was awarded to Intellect Design Arena
and Infibeam, a software company.
GeM Portal:
i. It was launched in 2016 by the Ministry of Commerce and Industry and it is a one-stop-shop platform for
government ministries and agencies looking to procure goods and services.
ii. It is a completely paperless, cashless and system driven e-market place that enables procurement of common
use goods and services with minimal human interface.
iii. GeM portal was developed by erstwhile Directorate General of Supplies and Disposals (DGS&D) under the
Ministry of Commerce with technical support of National E-Governance Division (NeGD), Ministry of
Electronics and Information Technology(MeitY).

Additional Info:
GeM sees 10x increase in public procurement during the last 3 years and its cumulative gross merchandise
value (GMV) reached USD 48.75 billion (Rs. 4 lakh crore) in April 2023.
About Tata Consultancy Services (TCS):
Chairman- N. Chandrasekaran
CEO- K. Krithivasan
Ministry of Textile & Gujarat govt signed MoU to set up PM MITRA Park in Navasari, Gujarat
On 13th July 2023, the Ministry of Textile, Government of India (GoI) signed an Memorandum of Understanding
(MoU) with the Gujarat Government for setting up Pradhan Mantri Mega Integrated Textile Regions and
Apparel (PM MITRA) Park in Vansi village, Jalalpore Taluka in Navsari District, Gujarat.
• The PM MITRA Park in Vansi is inspired by the 5F vision of Prime Minister Narendra Modi: Farm
to Fibre to Fabric to Fashion to Foreign.
• The MoU was signed in the presence of Piyush Goyal, Union Minister of Textile, and Gujarat Chief
Minister (CM) Bhupendra Patel at the signing ceremony held at the Convention Hall of Veer Narmad
University in Surat, Gujarat.
• This was the 7th PM MITRA Park under the union government announcement to set up seven textile
clusters in seven states.
Highlights of MoU:
i.The park will be built through a Special Purpose Vehicle with 51% equity from Gujarat and 49% from the
centre.The Gujarat government announced that the Gujarat Industrial Development Corporation (GIDC) will
build the PM Mitra Park on a 1142 acres land in Vansi-Borsi, Navsari district, Gujarat.
ii.The central government would fund 30% of the overall investment, or Rs 500 crore, under this Rs 1500 Crore
investment.
iii.Benefits:The development of world-class industrial infrastructure at the PM MITRA Park will attract large-
scale investment, including Foreign Direct Investment (FDI).
• It will aid in increasing investment in the textile sector, creating job opportunities, and establishing
India as a textile production and export hub.
About PM MITRA :
i.On 17th March 2023, the central Government announced the sites for setting up of PM MITRA Parks in the
states of Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.
click here to know more
The establishment of PM MITRA Parks are a unique strategy in which the Centre and State Governments would
collaborate to enhance investment, foster innovation, and create job opportunities, ultimately transforming
India into a global hub for textile manufacture and exports.
About Gujarat:
Chief Minister– Bhupendra Rajnikant Patel
Wildlife Sanctuaries – Shoolpaneshwar Wildlife Sanctuary, Barda Wildlife Sanctuary
UNDP India signed MoU with Absolute® to enhance sustainable agriculture practices under
PMFBY
On 17th July 2023, United Nations Development Programme (UNDP) India and Absolute®, a bioscience
company, signed a Memorandum of Understanding (MoU) to jointly strengthen the Pradhan
Mantri Fasal Bima Yojana (PMFBY), Government of India’s crop insurance scheme under the Ministry of
Agriculture & Farmers Welfare (MoA&FW) and enhance the strength of the farmers.

Objective:
i. To boost the implementation of the PMFBY and the Restructured Weather Based Crop Insurance Scheme
(RWBCIS) by building technical capabilities of the scheme and digitising service delivery of crop insurance and
agricultural credit processes to increase reach and uptake of the schemes.
ii. It will also promote credit profiling of farmers, agri-entrepreneurs, and Farmer Producers Organizations
(FPOs), for accurate crop loss assessment and risk evaluation to mobilise agriculture financing.
Benefits of PMFBY Scheme:
i. PMFBY Scheme launched in 2016, offers risk protection by providing financial support to farmers suffering
crop loss or damage due to weather fluctuations, pest attacks, erratic rainfall, and humidity affecting
agricultural produce.
ii. The scheme will stabilise the lower yields and income of the farmers by encouraging them to adopt
innovative and modern agricultural practices.
iii. It also ensures the flow of credit to the agriculture sector for food security, crop diversification and
enhancing growth and competitiveness of the agriculture sector.
Note: From 2015 to 2021, India lost 33.9 million hectares of cropped area due to floods and excess
rains and 35 million hectares due to drought.
Features of the Collaboration:
i. UNDP India and Absolute® will use advanced technology and data-driven solutions to facilitate
farmland identification.
ii. It enhances farm monitoring, Research & Development (R&D) and analytical capabilities to
facilitate data-driven policymaking and fraud analytics.
iii. It ensures efficient and transparent delivery of government support to farmers at risk.
iv. Absolute®’s partnership with UNDP is a strong step forward in mitigating the increasing risk
pattern due to climate change, which can potentially impact over 120 million farmers across India.
v. The infusion of technology with plant science through this partnership will facilitate a strong credit
flow to the agriculture sector.
Additional info:
Since 2018, UNDP has been working with the MoA&FW. The technical support of UNDP at the
MoA&FW helped reach out around 1.71 crore farmers through various information, education, and
communication (IEC) campaigns such as Crop Insurance Week and organized more than 2.39 lakh
Fasal Bima Pathshalas or crop insurance classroom sessions in 2022.
About Absolute®:
Founded in– 2015
Co-Founder and CEO– Agam Khare
The Goa Government Has Signed 3 MoUs with CGTMSE, Paytm and ICAI
On 13th July 2023, the Goa government signed 3 Memorandums of Understanding (MoUs) with Credit
Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Paytm and Institute of Chartered
Accountants of India (ICAI).
• The MoUs focus on supporting Micro, Small & Medium Enterprises(MSMEs), enable digital
payments in Goa government departments and to contribute to effective policy-making.
The Three MoUs:
1.Goa’s MoU with CGTMSE:
i.The MoUs signed with the CGTMSE aims to administer the Goa Credit Guarantee Scheme, also known as
the Mukhyamantri Saral Udyog Sahayya Yojana, within Goa.

ii.The scheme is designed by offering credit guarantees which provide easy access to financial assistance to
MSMEs in Goa.
About the CGTMSE:
i.The CGTMSE for micro and small enterprises (MSEs) depends on the loan amount, the category of
entrepreneurs, and the geographical region.
ii. For micro-enterprises, the extent of guarantee cover is 85% for credit up to 5 lakh, for credit above Rs 5 lakh
and up to Rs 5 crores is 75%.
iii.For women entrepreneurs, Scheduled Castes(SC)-Scheduled Tribes(ST) entrepreneurs, MSEs
located in aspirational districts, and Zero Defect and Zero Effect (ZED)-certified MSEs, the guarantee
cover is up to 85 % for loans up to Rs 5 crore.
2.Goa’s MoU with Paytm:
i.The MoU with Paytm, a leading digital payments company, was signed to facilitate digital payments
across various government departments.
ii.This includes deploying Paytm devices such as electronic data capture (EDC) machines, point-of-
sale (POS) terminals, and QR (Quick Response) code systems.
3.Goa’s MoU with ICAI:
The MoU with the ICAI was signed to collaborate in capacity building, research, policy-making
assistance, consulting, and other activities of Goa government through the experts of ICAI.
About Goa:
Chief Minister (CM)- Pramod Sawant
Governor- P.S. Sreedharan Pillai
Capital- Panaji
BHEL signed TALA with General Electric Technology for gas turbines
In July 2023, Bharat Heavy Electricals Ltd (BHEL) signed a Technical Assistance and Licence Agreement
(TALA), an extension agreement of its Gas Turbines (GTs) technology, with General Electric Technology GmbH
Switzerland (GE) at BHEL Corporate Office in New Delhi, Delhi.
• Under this extension Agreement, BHEL gained better access and enhanced rights for existing/
uprated and new Gas Turbine models.
• As per the agreement, BHEL shall also be able to supply GTs with fuel blends viz. Hydrogen,
Methanol, Syngas etc. and in hybrid configuration contributing towards accelerating the energy
transition in India.
BHEL in partnership with GE has been manufacturing and supplying GE designed GTs in India as well as
overseas markets since 1986.
Signatories: The agreement was signed by Jai Prakash Srivastava, Director (Engineering, Research &
Development) & Director (Finance – Additional Charge), BHEL and Theodoros Stamatiadis, Executive Counsel
(Intellectual Property (IP)), GE Power (virtually).
Gujarat Govt Signed MoU with OneWeb to Setup India’s First Private ‘Satellite Network Portal
Site’
On 19th July 2023, the Gujarat government signed a Memorandum of Understanding (MoU) with OneWeb, a
London-based Company, and Gujarat Government’s Department of Science and Technology, for setting up
India’s First Private ‘Satellite Network Portal Site’ in Gujarat.
• This project under Digital India, aims to provide affordable internet access to villages, district
panchayats, local administrative bodies, government departments, and other entities throughout
India.

Key people:
The MoU was signed by Vijay Nehra, Secretary, the State Department of Science and Technology, and Rahul
Vatts, Director of OneWeb India Communication Pvt. Ltd. in the presence of Gujarat’s Chief Minister(CM)
Bhupendra Patel.
Outcome of the MoU:
i.OneWeb will establish one of the two private ‘satellite network portal sites’ in two villages in Jotana taluka of
Mehsana district of Gujarat.
ii.The satellite network portal in Katosan and Tejpura, Jotana taluka, Gujarat, is scheduled to launch in 2023
with an estimated cost of over Rs. 100 crores for its Phase-1.
iii.The satellite network portal site, which will be located in Jotana taluka of Mehsana district, plans to provide
high-speed, low-latency, and affordable connectivity to the government, businesses, consumers, schools, and
other institutions.
Note: Under this, two Satellite Network Portals (SNPs) are being set up in India, one in Gujarat and the other in
Tamil Nadu through OneWeb.
OneWeb:
i.OneWeb is a Low Earth Orbit (LEO) satellite company with 648 satellites, aiming to build a global
communication network.
ii.Unlike traditional geostationary satellites located 36,000 km above the equator, OneWeb uses LEO satellites
to provide broadband Internet access, resulting in lower latency of less than 100 ms compared to GEO-based
networks with latencies of 500-700 ms.
Note: This technology is already operational in Europe and Canada.
About Gujarat:
Capital- Gandhinagar
Folk dance- Garba, Dandiya, Bhavai
India-Japan Sign MoC for Semiconductor Supply-Chain Partnership

On 20th July 2023, India and Japan signed a memorandum of cooperation (MoC) for a semiconductor supply-
chain partnership for government-to-government and industry-to-industry collaboration.
• The agreement was signed between Ashwini Vaishnaw, Union Minister for Electronics and
Information Technology and Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and
Industry in New Delhi, Delhi.
The MoC helps India to become a global hub for the semiconductor industry and provides access to Japanese
technology, which helps India to develop its own semiconductor industry.
The outcome of the MoC:
i.The MoC signed between India and Japan will cover the semiconductor industry, including design,
manufacturing, equipment research, talent development, and enhancing supply chain resilience.
ii.An implementation organization will be created to facilitate government and industry collaborations.
Additional information:
i.Rapidus Corporation, a semiconductor manufacturer established in August 2022 in Tokyo, Japan will be one of
the contributors to this cooperation.
ii.It brings along Japanese companies, including Denso, Kioxia, MUFG Bank, Nippon Electric Company, Ltd
(NEC), Nippon Telegraph and Telephone Public Corporation(NTT), SoftBank, Sony, and Toyota.
iii. Japan is one of the five leading countries with a well-developed semiconductor ecosystem.
Points to be noted :-
• The Indian cabinet has given approval for American based Micron Technology’s plan to launch a USD
2.7bn semiconductor testing and packaging unit.

• The Production Linked Incentive(PLI scheme) of India – ‘Modified Programme for Semiconductors
and Display Fab Ecosystem’ – was announced in December 2021 with a total outlay of Rs.76,000
crore.
About Japan:
Prime Minister- Fumio Kishida
Capital- Tokyo
Currency-Japanese yen
FSSAI & AOAC INTERNATIONAL signed MoU to Enhance Food Safety Analytical Ecosystem in
India
The Food Safety & Standards Authority of India (FSSAI), a statutory body under the Ministry of Health & Family
Welfare, and AOAC INTERNATIONAL, a global organization that advances food safety, food integrity, and
public health, signed a Memorandum of Understanding (MoU) to collaborate and increase the food safety
analytical ecosystem in India.
• The MoU marks the joint commitment of both FSSAI and AOAC to work towards achieving common
objectives for the advancement of food safety standards and analytical practices in India.
Key People:
The MoU was signed at the FSSAI headquarters in New Delhi, Delhi, in the presence of G. Kamala Vardhana Rao,
Chief Executive Officer (CEO) of FSSAI; Satyen Kumar Panda, Advisor (Quality Assurance) of FSSAI; Shrinvas
Joshi, President, AOAC-India Section; Dr. Ganesh Ramamurthi – President-Elect, AOAC-India Section and Dr.
Saurabh Arora – Director, AOAC-India Section.
Objectives:
i.The collaboration aims to promote Uniform Testing Methods across India, and ensures setting up of strong
analytical systems to meet the needs of food testing laboratories.
ii.FSSAI will be granted free access to AOAC Official Methods and sharing the Indian food safety ecosystem
access to globally recognized testing methods.
iii.Both organizations will actively collaborate in the development and validation of analytical methodologies,
ensuring accuracy and reliability in food testing practices.
Significance:
i.The partnership between FSSAI and AOAC INTERNATIONAL is of the utmost importance for India’s food
safety landscape.
ii.FSSAI aims to increase its analytical capabilities and align with international best practices, ultimately
strengthening the food safety ecosystem in India by supporting AOAC’s globally recognized expertise and
standards.
Key Points:
i.Critical aspects such as food testing analysis, method sharing, method development, and method validation
are covered under this collaboration.
ii.Both FSSAI and AOAC will jointly work together to advance the adoption of AOAC Official Methods in FSSAI-
notified laboratories, promoting better food safety practices and ensuring the availability of safe and
wholesome food for human consumption.
About AOAC INTERNATIONAL:
AOAC INTERNATIONAL was established in 1884 as the Association of Official Agricultural Chemists. Later, it
was renamed as Association of Official Analytical Chemists. at present the legal name of the organisation
is AOAC INTERNATIONAL
Long-form name: Association Of Official Analytical Collaboration (AOAC) INTERNATIONAL

Ministry of Culture & Indian Navy signed an MoU to revive the ancient stitched shipbuilding
method
On 18th July 2023, The Ministry of Culture and the Indian Navy signed a Memorandum of Understanding
(MoU) to revive and maintain the 2000-year-old ancient stitched shipbuilding method known as
the Tankai method. The project aims to leverage the expertise of the remaining traditional shipwrights in India
and showcase their exceptional craftsmanship.
• It also aims to revive the rich maritime heritage among Indian citizens and also aims to promote
cultural memories among the Indian Ocean coastal countries.
• Thorough documentation and cataloging of the project will ensure that valuable information is
preserved for future reference.
In the Tankai method, instead of using nails, the Ships are built by stitching wooden planks together. This offers
flexibility and durability, making them less vulnerable to damage from shoals and sandbars rather than nails.
REC inks MoU with Avaada Group to invest Rs 20,000 crore over 5 Years
On July 20, 2023, Avaada Group signed a Memorandum of Understanding (MoU) with REC Limited (formerly
Rural Electrification Corporation Limited) under which the latter will invest Rs 20,000 crore in Avaada Group
over the next five years.
• This MoU was inked on the sidelines of the 4th meeting of the G20(Group of 20) Energy Transition
Working Group (ETWG) in Goa.
About MoU:
i.Avaada will utilize this investment in leading innovative renewable energy projects across India which include
green hydrogen and its derivatives, solar photovoltaic (PV) manufacturing, and an assortment of solar, wind,
and hybrid projects.
ii.The MoU also aligns with the vision of ‘Atmanirbhar Bharat’ and the Green Hydrogen Mission, to drive India’s
energy transition growth.
Key points:
i.REC has provided support to Avaada, either directly or via the KfW Development Bank and World Bank line to
transform India’s renewable energy landscape, and establishing Avaada as a significant player in the global
effort to combat climate change.
ii.Recently, Avaada completed a funding round of $1.3 billion, inclusive of a $1 billion investment from the
Canadian asset management fund, Brookfield.
• This funding is aimed at boosting its green hydrogen and derivative business, with an additional
contribution of $300 million from Thailand’s GPSC, part of the PTT Group.
About REC Limited (formerly Rural Electrification Corporation Limited):
REC limited is a Navratna company under the administrative control of the Ministry of Power.
Chairman and Managing Director– Vivek Kumar Dewangan
India Chamber of Business and Commerce signs MoA with ICMR to Promote India as Global
Hub in Healthcare Manufacturing
On July 20, 2023, India Chamber of Business and Commerce (India Chamber), and Indian Council of Medical
Research (ICMR) have signed an Memorandum of Association (MoA) to promote India as global Hub in
healthcare manufacturing and delivery, and to build a strong healthcare ecosystem for the future and attract
investments in the healthcare sector.
• The agreement is in the line with creating Institutional arrangement for India Health Dialogue- A
national flagship initiative led by India Chamber of Business and Commerce in partnership with

ICMR, IMA (Indian Medical Association) and Ministry of Micro, Small & Medium Enterprises (M/o
MSME) to transforming healthcare and establishing India-led global supply chain networks.
Signatories:
The MoA was signed by Dr Rajiv Bahl, Secretary of Department Of Health Research (DHR) and Director General
of ICMR; and Nitin Pangotra, President and Chief Executive Officer (CEO), India Chamber, at MoMSME in New
Delhi, Delhi in the presence of Union Minister Narayan Rane, MoMSME.
Key Points:
i. The partnership promotes international collaborations in innovation and technology, academia-industry
partnerships, capacity building, and new innovations in healthcare.
ii. It creates a global platform for investment opportunities and entrepreneurship in India’s healthcare
manufacturing and services sector.
iii. It also fill the knowledge gap in the health sector and develop a critical manufacturing ecosystem to make
self-reliant in healthcare with world-class Medical Parks and infrastructure.
Notably, the future of healthcare involves digital and smart healthcare delivery, innovation-based high-quality
manufacturing, diversification into critical healthcare equipment, medical devices, diagnostics, drug parks, and
the application of new technologies. This MoA will cater to this with the application of new innovation and
technologies into healthcare system.
IIT Guwahati Signs MoU with Indian Council of World Affairs

On 19th July 2023, the Indian Institute of Technology Guwahati (IIT-G), Assam has signed a Memorandum of
Understanding (MoU) with Indian Council of World Affairs (ICWA), to work together to expand awareness and
knowledge on international affairs and Indian foreign policy.
• The MoU was signed between Professor Parameswar Krishnan Iyer, Officiating Director, IIT
Guwahati, and Ambassador Vijay Thakur Singh, Director-General, ICWA. The agreement will be valid
for a period of 3 years.
• The MoU aims to address the challenges and opportunities in the global arena and shared vision of
‘One Earth, One Family, One Future’.
• It will undertake joint studies on issues of common interest through mutually agreed modalities.
Note: ICWA is India’s premier and oldest think-tank on foreign policy and international affairs.
India signed contract with Bangladesh to Modernize Signalling System of Dhaka-Tongi–

Joydebpur Rail Line
On July 23, 2023, India and Bangladesh signed a contract for installation of computer based interlocking
signalling system for Dhaka-Tongi-Joydebpur rail line at Rail Bhaban, Dhaka, Bangladesh.
• The project is being implemented under the Line of Credit (LoC) extended by India to Bangladesh.
Signatories:
It was signed in the presence of Railway Minister of Bangladesh Md. Nurul Islam Sujon and High Commissioner
of India in Bangladesh Pranay Verma.
Key Points:
i.Implementation of this project will ease congestion and improve efficiency of Dhaka-Tongi-Joydebour section
which is one of the busiest rail lines in Bangladesh.
ii.There are 17 Indian-assisted projects in the railway sector in Bangladesh worth approx. USD 2 billion
accounting for 20% of the total commitment under Indian concessional loans being in Bangladesh’s railway
sector.
iii.The Governments of both nations are collaborating to build critical connectivity infrastructure and
enhancing connectivity links that can strengthen bilateral economic, cultural and people-to-people ties.

BR signs deal with Indian Company to Develop Rail Signaling System
Bangladesh Railway (BR) has appointed the Mumbai, Maharashtra based Indian company, KEC International
Limited, to develop signaling systems for the under-construction 3rd and 4th dual-gauge rail tracks from
Dhaka to Tongi and double-line dual gauge from Tongi to Joydebpur.
• It is a Tk (Bangladeshi Taka) 3.49-billion contract.
Signatories:
It was signed by Project Director Naznin Ara Keya, Bangladesh and Subharjit Jaha, India in the presence
of Bangladesh’s Railways Minister Nurul Islam Sujon, and Indian High Commissioner Pranay Verma at Rail
Bhaban, Dhaka, Bangladesh.
What will be done under the contract?
The Indian company is tasked with design, supply, installation, testing and commissioning of the computer-
based interlocked signaling system at seven stations, including selected level crossings, along with optical fiber
cable-based telecommunication systems. There will also be be installation of optical fibre cable-based
telecommunication systems for blocked operation
• The project, initiated by BR in 2012 under the Indian Line of Credit, will take 30 months, including a
12-month defect liability period.
• However, due to delays, the project cost increased to Tk 33.42 billion, and the completion deadline
was revised four times to June 2027 since construction began in 2019.
i.In its 63rd Literature Festival, the Foundation of SAARC Writers and Literature (FOSWAL) bestowed the
SAARC Literature Award 2023 (Special Literary Award) to Bangladesh’s Father of the Nation, Bangabandhu
Sheikh Mujibur Rahman.
ii.On 24th April 2023, a former judge, freedom fighter Mohammed (Md) Sahabuddin was sworn in as the
22nd president of Bangladesh in Durbar Hall of Bangabhaban, Dhaka in Bangladesh.
About Bangladesh:
Prime Minister (PM)– Sheikh Hasina
Capital– Dhaka
Currency– Bangladeshi Taka
BEL signed MoUs with Gabriel Power and CoRover for energy & AI solutions
On 19th July 2023, Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking (PSU)
under the Ministry of Defence (MoD) signed Memoranda of Understanding (MoUs) with Gabriel Power and
Energy Private Ltd (Gabriel Power) and CoRover Private Limited to leverage opportunities across the power
and energy sectors and Artificial Intelligence (AI) -based conversational solutions respectively.
• The strategic MoUs, aims to boost the ‘Atmanirbhar Bharat’ (‘self-reliant India’) initiative and
Government of India’s vision of a Digital India.
About BEL’s MoU with Gabriel Power and Energy Pvt Ltd:
i.The collaboration focuses on supporting the commitment of the two companies to the ’Make in India‘ initiative
by enhancing indigenous manufacturing capabilities and establishing India as a leading global manufacturing
hub for advanced power and energy solutions.
ii.The partnership is expected to create significant job opportunities within the power and energy industries.
iii.Under the MoU, BEL, and Gabriel will work closely together to introduce state-of-the-art technologies that
will be further optimised and manufactured in India.
iv.The collaboration will encompass a wide range of products, including Electric Vehicle (EV) Chargers, Smart
Meters, Green Hydrogen Generation, Hydrogen Gensets, and Solar Steam Solutions.
About Gabriel Power:
Gabriel Power, a company that is backed by several Global Funds intends to bring these technologies to India,
manufacture few products along with BEL and under ‘Make in India’ and targeting markets in India, Asia,
Middle East and Africa.

About BEL’s MoU with CoRover Private Limited:
i.BEL signed a non-exclusive MoU with CoRover Private Limited, a human-centric conversational and
generative Artificial Intelligence (AI) company for 2 years to indigenously develop and establish emerging
technologies and technical solutions to mark the requirements of AI-based solutions, especially conversational
AI-based virtual assistants.
ii.The MoU will enable both companies to collaborate in the fields of Generative AI platform, particularly with a
special focus on the BharatGenerative Pre-trained Transformer (GPT) platform of Co-Rover.
Note: BharatGPT, the Large Language Model of CoRover, supports more than 12 Indian languages and over 120
foreign languages, through text, voice and even video.
iii.AI can be used to develop many more interactive applications like Dialogue/Conversational Management,
Real Time Analytics, Speech to Text (STT)/Automatic Speech Recognition (ASR) and many more.
Note: CoRover private ltd is the world’s first and the highest Return on Investment (ROI) delivering human-
centric conversational AI platform has developed the world’s first human-centric conversational AI platform,
being used by 1.3 Billion users.
KSUM & IFSCA Signs MoU to Support Fintech and Techfin firms
Kerala Startup Mission(KSUM) and the International Financial Services Centres Authority (IFSCA) has signed a
memorandum of understanding (MoU) for stronger support to budding fintech and techfin firms through
increased capital and a wider global network in the next three years.
• The MoU was signed between KSUM Chief Executive Officer(CEO) Anoop Ambika and IFSCA Chief
Technology Officer Joseph Joshy at the Integrated Startup Complex in Kalamassery, Kerala.
Highlights of the MoU:
i.The MoU seeks input relating to the fintech industry and collaborate on global hackathons, education
programs.
ii.The MoU allows KSUM & IFSCA to hold symposia, webinars, and conferences for the growth of fintech at IFSC
in GIFT (Gujarat International Financial Tec-City) of Gandhinagar, Gujarat to know about the global trend.
iii.As per the MoU, KSUM-registered fintechs
• can be found listed on international exchanges within IFSC to raise capital
• will get access to IFSCA’s Regulatory and Innovation Sandbox
• can also apply to the IFSCA FinTech Incentive Scheme 2022 for grants.
Additional Information:
Fintechs & Techfins:
Fintechs are businesses that use technology to modify, enhance, or automate financial services for businesses
or consumers, while techfins provide software solutions that are not primarily finance-related.
Kerala Startup Mission(KSUM):
KSUM is Kerala government’s nodal agency established in 2006 for entrepreneurship development and
incubation activities in Kerala.
About International Financial Services Centres Authority (IFSCA):
Chairman- Injeti Srinivas (as of July 2023)
Established- 2020
Headquarters- Gandhinagar, Gujarat.
Note – K Rajaraman will be the next chairperson after Injeti Srinivas who was the first chaiperson of IFSCA.
BBMP & World Desgin Organisation signed MoU to develop the infrastructure of Bengaluru
On 24th July 2023, Bruhat Bengaluru Mahanagara Palike (BBMP), the administrative body of the Greater
Bengaluru metropolitan area & the 4th Largest Municipal Corporation in India, signed a Memorandum of
Understanding (MoU) with the Canada-based international non-governmental organization, World Design
Organisation (WDO), to offer suggestions and guidance on the ways to improve the infrastructure of

Bengaluru(Karnataka).
The MoU was signed as a part of the ‘Brand Bengaluru’ initiative.
• The objective of the pact is to give a new look to the Bengaluru city, focussing on areas under the
jurisdiction of Bengaluru Metropolitan Regional Development Authority (BMRDA) from the
municipal areas.
• The MoU was signed by David Kusuma, President, WDO and Tushar Giri Nath, Commissioner, BBMP.
Note: WDO, formerly known as the International Council of Societies of Industrial Design (Icsid), that promotes
the profession of industrial design.
WDO launched a new global programme ‘World Design Protopolis’ (WDP) to support the creation of solutions-
based initiatives to globally address key development issues. The inaugural cycle of WDP took place in
Bengaluru on 24th July 2023.
WDP project of Bengaluru was hosted in partnership with Bruhat Bengaluru Mahanagara Palike (BBMP),
Srishti Manipal Institute of Art, Design and Technology, Bengaluru and the Association of Designers of India
over a 5-year period from 2023 to 2028.
‘India AI’ and Meta, India sign MoU to Foster Advancements in AI & Emerging Technologies
On July 26, 2023, India AI and Meta,India signed a Memorandum of Understanding (MoU) to foster
collaboration in the field of Artificial Intelligence (AI) and Emerging Technologies.
• India AI is an Independent Business Unit (IBD) under Digital India Corporation (DIC) of the Ministry
of Electronics and Information Technology (MeitY).
• The partnership will promote social inclusion, enhance government service delivery, and drive
innovation using large language models, Generative AI, cognitive systems, and translation models.
Signatories:
It was signed by Abhishek Singh, Chief Executive Officer (CEO) of India AI; and Shivnath Thukral, Director &
Head of Public Policy, Meta in India.
Objectives of the MoU:
i.To establish a framework for collaboration and cooperation between both entities in the field of AI &
Emerging Technologies
ii.To make Meta’s open-source AI models available for use by Indian AI ecosystem.
What will be done under the MoU?
i.The collaboration aims to conduct advanced joint research and development, utilizing cutting-edge AI
technologies to address significant challenges on a large scale.
ii.Both organizations are considering the establishment of a Center of Excellence (CoE) to support the AI and
other Emerging Technologies startup ecosystem.
iii.By utilizing Meta’s AI research models such as LlaMA, Massively Multilingual Speech, and No Language Left
Behind, the partnership will concentrate on creating datasets in Indian languages.
• This will enable translation and the development of large language models, with a special focus on
low-resource languages.
iv.Work will be done to improve accessibility to AI compute resources for researchers, startups, and
organizations with limited resources, facilitate knowledge sharing and collaboration through workshops,
seminars, conferences, and similar platforms, and work together to promote responsible AI practices by jointly
developing comprehensive tools and guidelines.
Walmart & Flipkart signed MoU with Telangana Govt to support MSMEs
On 25th July 2023, Walmart and Flipkart signed a Memorandum of Understanding (MoU) with the
government of Telangana to support the Micro, Small and Medium Enterprises (MSMEs) in Telangana. The MoU
was signed between Swasti, the programme partner for Walmart Vriddhi Supplier Development Program
(Walmart Vriddhi) in India and Industries and Commerce Department of Telangana.

• The MoU was signed in the presence of Jayesh Ranjan, Principal Secretary, Industries and Commerce
Department, Telangana and Joseph Julian KG, programme director of Swasti.
• The objective of the MoU is to facilitate the development of local MSMEs towards accessing a wider
domestic marketspace, support online retail and enable sustained growth and commercialisation.
• Under this MoU, Walmart will offer training and support to MSMEs to digitise their capacity building
to get greater access to supply chains.
• In collaboration with Swasti, the Walmart Vriddhi programme offers small businesses and
entrepreneurs a learning platform, provides free training, expert assistance, tools and skills required
to grow and expand their ventures. Over 32,000 MSMEs have already completed the training.
Note: Walmart Vriddhi was launched in 2019 aimed to equip 50,000 Indian MSMEs with the skills necessary to
succeed in business.
PFC and REC Signs MoU for Rs 5 lakh Crore Pacts with Clean Energy companies
Power Finance Corporation Ltd (PFC) and Rural Electrification Corporation(REC Ltd), have signed
Memorandum of Understanding (MoU) with clean energy companies for providing a total of Rs 5 lakh
crore funds to their projects during the “Green Finance Summit” held in Goa.
• PFC signed pacts worth Rs 2.37 lakh crore with 20 companies in the clean energy space
• REC tied up for Rs 2.75 lakh crore
The MoU were signed for solar, wind, green hydrogen, battery storage, and electric vehicle companies,
manufacturers of green energy equipment.
Note: REC & PFC, a State-owned Non-Banking Financing Companies (NBFC) and a Maharatna central public
sector undertaking(CPSE) comes under the Ministry of Power.
The “Green Finance” Summit:
The summit is organised by REC Ltd in partnership with the Indian Government’s Group of Twenty (G20)
Presidency, on the sidelines of the 14th Clean Energy Ministerial and 8th Mission Innovation meeting
(CEM14/MI-8) in Goa between 19th to 22nd of July, 2023.
Notable MoUs signed:
PMI Electro Mobility:
PMI Electro Mobility, an Electric commercial vehicles (CV) manufacturer has signed an MoU with REC Ltd to
provide finance for its commercial electric vehicle (EV) for Rs 480 crore over the next five years, up to March
2028.
• The financial support helps to accelerate the efforts in combating carbon dioxide (CO2),emissions
and establishing a robust ecosystem for e-mobility.
• PMI Electro Mobility Solutions Private (PEMSPL) Ltd was incorporated in 2017 and its
headquarters in New Delhi, Delhi.
ACME Group:
ACME Group signed an MoU for Rs 4,000 crore loan with REC for its Green Hydrogen and Green Ammonia
project in Oman.
• It also signed a pact for over Rs 21,000 crore of loans for setting up a 380-MW renewable power
phase 1 of Odisha, phase 1 of Tamil Nadu Green Ammonia projects and 600 megawatt hour (MWh)
of pumped hydro Project.
ACME Cleantech Solutions Pvt. Ltd., referred to as the ACME Group,a leading global sustainable and renewable
energy companies headquartered at Gurugram, Haryana.
Avaada:
Avaada has signed the MoU with an investment amount of Rs 20,000 crore to fund its projects over five years.
• The financing field includes green hydrogen and its derivatives, solar photovoltaic (PV)
manufacturing, and an assortment of solar, wind, and hybrid projects.

• Avaada is India’s leading energy transition company with business interests in Solar Module
Manufacturing, Electrolyser manufacturing and Green Ammonia production. The company
established in 2017 is headquartered in Mumbai, Maharashtra.
ReNew:
ReNew has signed MoU worth Rs 64,000 crore with PFC and REC for meeting its financing needs and enable the
company to raise long-term financing for large-scale green energy projects.
• ReNew,(subsidiary of ReNew Energy Global Plc) established in 2011, is one of India’s leading
renewable energy company in terms of total energy generation capacity is headquartered at
Gurugram, Haryana.
SJVN:
SJVN Limited has MoU with REC Limited to secure financial support of Rs 50,000 Crores for its projects,
subsidiaries and joint ventures to set up technology projects like Battery Storage, E-Vehicles, Green
Hydrogen/Ammonia, Hydrogen Cells Storage, Manufacturing Units for Green Projects and power generating
stations on conventional and renewable sources of energy.
• SJVN Ltd (formerly known as Satluj Jal Vidyut Nigam,) is a hydroelectric power generation company
incorporated in 1988 as a joint venture of the GoI and the government of Himachal Pradesh (GoHP).
It is headquartered in Shimla, Himachal Pradesh.
Juniper Green Energy
Juniper Green Energy has signed an MoU with PFC for Rs 5,000 crore to fund its 1200 MW renewable energy
(RE) projects.
• Juniper Green Energy is an independent renewable energy power producer and operator of solar,
wind and hybrid power projects with experience in conceptualizing, building, and developing
renewable energy assets started its operations in October 2018. It is headquartered in Gurugram,
Haryana.
Hero Future Energies (HFE):
HFE signed two MoU with REC and PFC for infusion of Rs 3,100 crore each in HFE over the next five years to
develop green energy projects.
• The funds will be used in the development of renewable projects across India including solar and
wind for commercial and industrial (C&I) customers, utility projects and green hydrogen
derivatives, and will strengthen the company by ensuring the financial closure for future projects in
the pipeline.
• HFE is a prominent Independent Power Producer (IPP) with utility scale wind, solar, hybrid and
distributed solar plants across India was established in 2012, in New Delhi, Delhi.
Note: Adani, Greenko, Continuum, JBM Auto, Megha Engineering & Infrastructure Ltd, Rajasthan Renewable
Energy were some of the other companies with whom PFC signed MoU.
About Power Finance Corporation Ltd (PFC):
Chairman & Managing Director(MD)- Parminder Chopra
Established- 1986
About Rural Electrification Corporation(REC Ltd):
Chairman & MD– Vivek Kumar Dewangan
Established- 1969
Goa Shipyard & BGIIES signed MoU to use AI for Shipbuilding

On 26th July 2023, the Goa Shipyard Limited (GSL), a Mini Ratna Central Public Sector Undertaking (CPSU),
under the Ministry of Defence(MoD), signed a Memorandum of Understanding (MoU) with the BITS Goa
Innovation, Incubation and Entrepreneurship Society (BGIIES, Goa) to drive innovation and progress in the
shipbuilding and defence industry using cutting-edge Artificial Intelligence (AI) technologies.

• The MoU was signed in the presence of P Ravindran, General Manager (Production), GSL, and Suman
Kundu, President BGIIES in Vasco da Gama, Goa.
• BGIIES is a registered Society under the Societies Registration Act, 1860 based in Birla Institute of
Technology and Science (BITS) Pilani, K. K. Birla Goa Campus, Zuarinagar, Goa.
• Under the MoU, both entities will collaborate closely on research and development projects to utilize
AI’s full potential in shipbuilding and defence applications.
• The partnership aims to support the research expertise of BITS Goa and the extensive experience of
GSL in shipbuilding and defence.
• By utilizing AI-driven solutions, they seek to increase operational efficiency, optimize ship design
processes, and strengthen defence capabilities.
The shared expertise and resources will facilitate the creation of advanced AI algorithms, predictive
maintenance models, autonomous systems, and more.
TKMS Signs MoU With MDL to Modernise INS SHANKUSH Submarine

Thyssenkrupp Marine Systems (TKMS ) and Mazagon Dock Shipbuilders Ltd (MDL) has signed a Memorandum
of Understanding (MoU) for the overhaul and modernization of a Sub-Surface Killer (SSK) class submarine,
Indian Navy Ship (INS) Shankush to extend its operational capability.
• MDL, a Miniratna I Central Public Sector Undertaking (CPSU) will act as general contractor up till the
on-time delivery of the submarine.
• TKMS, a Germany-based leading naval company, will be responsible for supplying selected systems,
equipment and components as well as for on-site technical support and pressure hull inspection.
About INS SHANKUSH:
i.INS SHANKUSH is the second submarine in a series of four Howaldtswerke-Deutsche Werft (HDW) Class 209
Type 1500 boats that are all still in service.
ii.INS Shankush was first commissioned by the Indian Navy in 1986 as part of German-Indian cooperation.
iii.To extend the life of INS SHANKUSH, the Ministry of Defence (MoD) had signed a ₹2,725-crore contract with
MDL for the Medium Refit with Life Certification (MRLC) and said to be delivered in 2026.
iv.The first submarine in this class is undergoing MRLC and will be back on sail by August 2023.
Note: In June 2023 ,TKMS & MDL had signed an MoU for the local construction of submarines for the Indian
Navy as part of India’s effort to meet India’s Project 75I requirement.
About Mazagon Dock Shipbuilders Ltd (MDL):
Chairman & Managing Director(MD)- Sanjeev Singhal
Established- 1934
Tata Technologies signed MoA with Chhattisgarh to Transform ITIs into Industry 4.0 Tech Hub
Tata Technologies Limited, a global product engineering company, signed a 10-year Memorandum of
Agreement (MoA) with the Department of Skill Development, Technical Education and Employment,
Government of Chhattisgarh to transform 36 government-owned Industrial Training Institutes (ITIs) in
Chhattisgarh into Industry 4.0 technology hub. The total cost of the project is Rs 1188.36 crore.
• The MoA was signed in the presence of Bhupesh Baghel, Chief Minister(CM) of Chhattisgarh.
• Tata Technologies is collaborating with 20 global industry partners to upgrade the ITIs which will
offer 6 new trades and 23 new short-term courses that cater to Industry 4.0 demands.
• The upgraded ITIs will serve as skill incubation centres, strengthening the technical proficiency of
students and potential employers.
• The collaboration will upskill the youth of Chhattisgarh with a comprehensive understanding of
Industry 4.0 technologies and increase their employability and also strengthening the industrial
landscape of Chhattisgarh.
Note: Tata Technologies Limited is a subsidiary of TATA Motors Limited.

MeitY signs MoU with MICT of Papua New Guinea to share India Stack
On July 28, 2023, the Ministry of Electronics and Information Technology (MeitY), India; and the Ministry
of Information and Communication Technology (MICT) of the Papua New Guinea, signed a Memorandum of
Understanding (MoU) on sharing INDIA STACK i.e., successful digital solutions implemented at population
scale, in New Delhi, Delhi.
• This MoU was a follow-up to the 1st Global DPI (Digital Public Infrastructures) Summit organized by
MeitY on June 12-13, 2023 in Pune, Maharashtra.
Note: India Stack is a set of digital infrastructure components that enable the delivery of various digital services
to Indian citizens by utilizing Aadhaar, eSign, Digilocker, and Unified Payments Interface (UPI).
Signatories:
It was signed by Abhishek Singh, President & Chief Executive Officer (CEO), National eGovernance Division
(NeGD), MeitY, and Steven Matainaho, Secretary, (MICT) Papua New Guinea.
Key Points:
i.This MoU will lead to capacity building and foster collaboration in the implementation of population-scale
Digital Public Infrastructure and Transformational Platforms. The ultimate goal is to enhance citizens’ ease of
living and improve governance efficiency and transparency.
ii.During the event, discussions were also held on vital aspects of digital transformation, including Digital
Public Infrastructure, Digital Identity, Digital Payment, Data Exchange, Data Governance, Data Protection
Policies, internet, and mobile connectivity, among other topics.
Other Participants:
Sushil Pal, Joint Secretary, MeitY; Noel Colin Awiroweng Mobiha, Board Chairman, National ICT Authority;
Paulias Korni, High Commissioner for Papa New Guinea High Commission, among other officials
TN & UK Govt Signs MoU to Set Up Botanical Garden in TN

On 27th July 2023, the Tamil Nadu (TN) and United Kingdom (UK) governments signed a Memorandum of
understanding (MoU)in Chennai, TN during the 4th G20 Environment & Climate Sustainability Working
Group(ECSWG) Meeting to set up a botanical garden and also envisages launching projects to conserve
mangroves, forests and wetlands, besides releasing a green rating framework for industrial de-carbonization in
TN.
The MoU:
The MoU was signed between Supriya Sahu, Additional Chief Secretary, Environment, Climate Change and
Forest Department and Richard Deverell, Director of Kew Garden, London.
Botanical Garden:
In technical partnership with Kew Gardens of United Kingdom, the TN Government has planned to set up a
Botanical Garden in Chengalpattu, TN.
• The garden will conserve and propagate native plant species of TN, including rare, threatened and
endangered species.
• The MoU commits to Kew Garden providing advice and expertise around landscape planning, plant
collection development, botanic garden management and other related matters to TN Government.
The Mangrove Project:
i.UK Partnering for Accelerated Climate Transitions (UK PACT’s) mangrove project was launched by Therese
Coffey, Secretary of State for Environment, Food and Rural Affairs of the UK.
• The project demonstrates how community MRV (Measuring, Reporting and Verification) can be
codesigned, coproduced and implemented through inclusive community-based mechanisms.
ii.Keystone Foundation located in the Nilgiris, TN bagged this project which will work in 3 climate-smart
villages, focusing on 3 ecosystems – forests, mangroves and wetlands – selected in consultation with the TN
Government.
iii.The project will specifically build the capacities of forest communities
– tribals of the Nilgiris; fisherfolk of Pichavaram mangrove

ecosystem in Cuddalore, TN; and small-holder subsistence farmers
and agricultural laborers, living in inland areas of the wetland of
Coimbatore, TN.
Industrial decarbonization project:
The ‘Roadmap for Green Indexing of Industries – Low carbon industrial
development in TN, a strategic initiative on industrial decarbonization was launched by the Minister of State,
Graham Stuart with TN environment Minister Siva V Meyyanathan.
• As a part of this initiative, the green rating framework for industries was launched to motivate
businesses to take up low-carbon commitments and action to advance the TN government’s climate
change ambitions of achieving net zero before 2070.
About Tamil Nadu (TN):
Airport- Tiruchirappalli International Airport (Custom Airport ); Madurai International Airport
Bird Sanctuary- Vettangudi birds Sanctuary, Sivagangai; Pulicat Lake Birds Sanctuary, Tiruvallur
Festival- Pongal;Thiruvaiyaru Festival
RITES & IRFC signs MoU to collaborate & Develop Rail Infrastructure Projects
On 27th July 2023, RITES Limited (formerly known as Rail India Technical and Economic Service Limited), a
Miniratna (Category-I) and Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the Ministry of Railways,
signed a Memorandum of Understanding (MoU) with Indian Railway Finance Corporation (IRFC) to explore
possibilities of mutual collaboration in the railway eco-system and the transport infrastructure sector.
• As part of the MoU, RITES will offer consultancy and advisory services and help in finding out the
financial and technical viability of projects, while IRFC will provide financial services to
projects/institutions that have got backward and or forward linkages with the Railways.
• The partnership will also bring forward cooperation and innovation in the consultancy domain
through knowledge sharing.
• RITES’ expertise in consultancy and IRFC’s financial expertise will stimulate mega and critical
projects and drive sustainable growth in the transport infrastructure sector.
COMMITTEES & MEETINGS

The 2nd edition of the JDCC meeting between India and Tanzania
On 28th & 29th of June 2023 the second edition of Joint Defence Cooperation Committee (JDCC) meeting was
held between India and Tanzania in Arusha, Tanzania, East Africa focused on a wide range of opportunities for
collaboration with a view to enhancing security in the Indian Ocean Region (IOR).
• India and Tanzania have finalised a five-year roadmap to expand defence and maritime,
infrastructure building and collaboration in military equipment and technology.
The Indian delegation, led by Joint Secretary Amitabh Prasad, included officials from the Ministry of Defence
(MoD) and the Armed Forces and Binay S Pradhan,High Commissioner of India to Tanzania.
Highlights of 50th meeting of GST Council held in New Delhi

On July 11, 2023, the 50th meeting of the Goods and Services Tax (GST) Council was held in New Delhi, Delhi
under the chairpersonship of Union Minister Nirmala Sitharaman, Ministry of Finance.
Matters Covered during the 50th GST Council meeting
i.Rate decisions taken on goods and services, as well as clarifications issued and rate regularizations
undertaken.
ii.Recommendations of various Group of Ministers (GoMs) were discussed.
iii.Clarification on compensation cess dues have been paid to the states that have submitted AG-certified
claims, and the states yet to submit their AG certificates will also be settled on submission of the same.

GST Council Meeting: The 50th milestone
i.To mark the milestone of 50th meeting of the GST Council, Union Minister Nirmala Sitharaman(Chairperson)
released a short video film titled ‘GST Council- 50 steps towards a journey’ in the presence of the Members of
the Council.
• The film showcases the evolution of the GST Council and is available in Hindi, English, and 11
regional languages.
ii.To commemorate this milestone, the Chief Post Master General (CPMG), Delhi, presented the Chairperson and
Members of the Council with a Special Cover and customised ‘My Stamp’.
Recommendations- The Key Part
The following are the recommendations relating to changes in GST tax rates, measures for facilitation of trade
and measures for streamlining compliances in GST were made:
Changes in GST Tax Rates:
I.Recommendations relating to GST rates on Goods
A. Changes in GST Rates of Goods:
The GST on snack pellets, the semi-finished ingredient that is used to manufacture snacking products is
decreased to 5% from 18%. This includes uncooked, unfried and extruded snack palettes.
• There will regularize payment of GST on uncooked /unfried snack pellets during the past period on
‘as is basis’.
B. Others Changes related to Goods:
i. Integrated Goods and Services Tax (IGST) exemption on imported Dinutuximab (Quarziba), a rare cancer
drug, for personal use.
ii.IGST exemption on medicines and Food for Special Medical Purposes (FSMP) for rare diseases enlisted under
the National Policy for Rare Diseases, 2021 when imported for personal use or by Centers of Excellence.
iii.Taxable reverse charge mechanism for supply of raw cotton by agriculturists to cooperatives.
iv.GST reduction on imitation zari thread or yarn from 12% to 5% and regularization of past GST payments on
‘as is basis’.
v.Inclusion of utility vehicles meeting specified parameters in compensation cess notification by amending its
entry 52B.
• These parameters are Length exceeding 4000 mm, Engine capacity exceeding 1500 cc and having
Ground Clearance of 170 mm & above and to clarify by way of explanation that ‘Ground clearance’
means Ground Clearance in un-laden condition.
vi.GST rate reduction on LD (Linz-Donawitz) slag from 18% to 5% for better utilization and environmental
protection.
vii.Regularization of trauma, spine, and arthroplasty implant matters prior to July 18, 2022 on ‘as is basis’.
viii.GST reduction on fish soluble paste from 18% to 5% and regularization of past GST payments on ‘as is
basis.
ix.Regularization of dessicated coconut matters from July 1, 2017 to July 27, 2017 on ‘as is basis’.
x.Notification of earlier ad valorem rate for pan masala, tobacco products, etc., for levy of Compensation Cess.
xi.Inclusion of RBL Bank and ICBC Bank in the list of specified banks for IGST exemption on gold, silver, or
platinum imports.
• Updation of the list of banks /entities eligible for such IGST exemption as per Annexure 4B (HBP) of
Foreign Trade Policy 2023.
xii.Consequential changes in notifications as per new Foreign Trade Policy 2023.
xiii.Regularization of GST issues on plates and cups made of areca leaves prior to October 1, 2019.
xiv.Regularization of GST issues on biomass briquettes from July 1, 2017 to October 12, 2017.

II.Recommendations relating to GST rates on Services
A.Changes in GST rates of services
GST exemption on satellite launch services supplied by Indian Space Research Organisation (ISRO), Antrix
Corporation Limited and New Space India Limited (NSIL) may be extended to similar services supplied by
organizations in the private sector.
B.Other changes relating to Services
i.Goods Transport Agencies (GTA) no longer need to file annual declarations for paying GST under forward
charge. If they choose this option for a specific financial year, it will automatically apply for future years unless
they choose to revert to reverse charge mechanism (RCM).
ii.The deadline for GTAs to exercise the option for paying GST under forward charge is moved to 31st March of
the previous financial year, starting from 1st January of the same year.
iii.Services provided by a director to a company in their personal capacity, like renting immovable property,
are not taxable under RCM.
iv.Food and beverages supplied in cinema halls are taxed as restaurant services if they are provided as part of a
service and separately from the cinema exhibition service.
• When cinema tickets and food/beverages are bundled as a composite supply, the entire supply is
taxed at the rate applicable to the cinema exhibition service.
III.Second Report of Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming
According to the GST council, a uniform tax rate of 28% will be applied to Casino, Horse Racing, and Online
gaming. The tax will be based on the face value of purchased chips for casinos, on the full value of bets placed
with bookmakers/totalisators for horse racing, and on the full value of bets placed for online gaming.
Background:
A GoM was formed to address taxation on casinos, horse racing, and online gaming. They submitted two reports
(initial report in June 2022 during the 47th GST Council meeting and secondly before 50th GST meet), but no
consensus was reached on tax rates. Then the final decision of 28% tax rate was made by the GST Council.
Measures for Facilitation of Trade:
i.Goods and Services Tax Appellate Tribunal (Appointment and Conditions of Service of President and
Members) Rules, 2023:
• The Council recommended the rules for appointing the President and Members of the proposed GST
Appellate Tribunal to ensure its smooth establishment and functioning.
• Notification of Finance Act, 2023: The Council suggested that the provisions related to the GST
Appellate Tribunal in the Finance Act, 2023 be notified by the Centre, w.e.f. August 1, 2023, allowing
for the Tribunal’s prompt implementation.
• Nomination of Chief Secretary of Maharashtra: The Council recommended the nomination of the
Chief Secretary of Maharashtra as a member of the Search cum Selection committee, as per Section
110(4)(b)(iii) of the CGST Act, 2017.
• Phased Establishment of State Benches: The Council decided to establish State Benches of the GST
Appellate Tribunal gradually, in a phased manner.
ii.Annual Returns for FY 2022-23: The Council recommended continuing the relaxations provided in FY
2021-22 for various tables of FORM GSTR-9 and FORM GSTR-9C. Additionally, to ease compliance for smaller
taxpayers, the exemption from filing annual returns (FORM GSTR-9/9A) will be extended for FY 2022-23 for
taxpayers with an aggregate annual turnover up to Rs 2 crore.
iii.To ease compliance burden of the taxpayers, clause (f) of rule 46 of CGST Rules, 2017 amended to provide
for requirement of only name of the State of the recipient, and not the name and full address of the recipient, on
the tax invoice in cases of supply of taxable services by or through an Electronic Commerce Operator (ECO) or
by a supplier of OIDAR (Online Information Database Access and Retrieval) services to an unregistered
recipient.
iv.Special procedure to be provided under section 148 of CGST Act, 2017 to enable manual filing of appeal
against the orders passed by proper officers in respect of TRAN-1/ TRAN-2 claims of the registered persons,

filed in pursuance of the directions of Hon’ble Supreme Court in case of the Union of India v/s Filco Trade
Centre Pvt. Ltd.
• Rule 108(1) and rule 109(1) of CGST Rules, 2017 to be amended to provide for manual filing of
appeal under certain specified circumstances.
v.Council recommended to extend the amnesty schemes regarding non-filers of FORM GSTR-4, FORM GSTR-9 &
FORM GSTR-10 returns, revocation of cancellation of registration and deemed withdrawal of assessment
orders issued under Section 62 of CGST Act, 2017, till August 31, 2023.
vi.ISD Mechanism Clarification: The Council recommended clarifying the Input Service Distributor (ISD)
mechanism. It proposed that the distribution of input tax credit for common input services from third parties to
distinct entities should not be mandatory as per current GST provisions. However, a prospective amendment to
the GST law may be introduced to make the ISD mechanism mandatory for such common input services.
Measures for streamlining compliances in GST:
i.The Council has recommended to insert rule 138F in CGST Rules, 2017, as well as in SGST Rules, 2017 of the
States, who want to mandate the requirement of generation of e-way bills for intra-State movement of gold and
precious stones under Chapter 71 within their States.
ii.There will be issuance of notification under section 148 of CGST Act, 2017 prescribing a special procedure to
be followed by the manufacturers of tobacco, pan masala & other similar items inter alia for registration of
machines and for filing of special monthly returns;
iii.There will be insertion of section 122A in CGST Act, 2017 providing for special penalty for non-registration
of machines by such manufacturers;
iv.Provisions of section 123 of Finance Act, 2021, amending section 16 of IGST Act, to be notified with effect
from October 1, 2023.
v.Notification to be issued under section 16(4) of IGST Act. 2017 to provide for restriction of IGST refund route
in respect of exports of tobacco, pan masala & other similar items, and mentha oil.
vi.The Council amendments in CGST Rules, 2017 to strengthen the registration process and to effectively deal
with the menace of fake and fraudulent registrations in GST.
Check Full amendments Here
vii.Mechanism for ITC Differences (FORM GSTR-2B and FORM GSTR-3B): The Council recommended a system-
based intimation to taxpayers regarding excess ITC claimed in FORM GSTR-3B compared to FORM GSTR-2B
above a specified threshold.
• Taxpayers will have an auto-compliance procedure to explain the reasons or rectify the difference.
Rule 88D and FORM DRC-01C will be added to the CGST Rules, 2017, along with an amendment in
rule 59(6) to minimize ITC mismatches and prevent misuse of the ITC facility in GST.
vii.Pilot to be conducted in Puducherry for risk-based biometric-based Aadhaar authentication of
registration applicants. Following the system’s readiness test in Gujarat and Puducherry, Andhra Pradesh is set
to join the pilot.
viii.The GST Council has recommended to form a State level coordination Committee comprising of GST
officers from both State and Central GST administrations for knowledge sharing on GST matters and
coordinated efforts towards administrative and preventive measures.
ix.The council also discussed about the 2nd interim report of the Group of Ministers (GoM) on IT System
Reforms.
GoM has recommended the measures to reduce frauds in GST through System based measures for
strengthening registration process in GST, more use of third-party data for risk management and controlling
flow of fake Input Tax Credit down the supply chain.

3rd G20 FMCBG Meeting under India’s Presidency held in Gandhinagar, Gujarat
On July 17-18, 2023, the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) 2023 meeting under
the Indian Presidency was held in Gandhinagar, Gujarat. It was jointly chaired by Union Minister
Nirmala Sitharaman, Ministry of Finance, and Reserve Bank of India (RBI) Governor Shaktikanta Das.
• The meeting concluded with a G20 Outcome Document and Chair’s Summary comprising 26
paragraphs and 2 Annexures.
• This FMCBG meeting was preceded by the 3rd G20
Finance and Central Bank Deputies (FCBD) meeting
during 14-15 July 2023 in Gandhinagar.
Objective:
To review the outcomes of the G20 Finance Track and to seek
guidance from Ministers and Governors on the way forward
Thematic Sessions:
The meeting was organised in five thematic sessions covering
1. Global Economy and Global Health
2. Sustainable Finance and Infrastructure
3. International Financial Architecture
4. International Taxation
5. Financial Sector & Financial Inclusion.
Participants:
520 participants across 66 delegations including Finance Ministers and Central Bank Governors from G20
member countries, Invitee Countries, and Heads of various International Organisations (IOs).
Endorsements:
i.The G20 FMCBGs endorsed G20 Report on Macroeconomic Risks Stemming from Climate Change and
Transition Pathways
ii.The member also endorsed new G20 2023 Financial Inclusion Action Plan (FIAP) for the three years 2024-
26.
What is FIAP?
It aims to advance financial inclusion of individuals and Micro, Small & Medium Enterprises (MSMEs) in G20
and beyond by focusing on promoting technological, innovations and digital infrastructure including DPI.
• India will lead the implementation of the new FIAP, as one of the Co-Chairs of Global Partnership
for Financial Inclusion (GPFI), for the next three years starting from 2024.
iii.The G20 FMCBGs endorsed Roadmap for Implementation of Recommendations of the G20 Independent
Review of MDBs’ Capital Adequacy Frameworks (CAF)’ which will help unlock more lending resources in
Multilateral Development Banks (MDBs).
iv.The G20 Policy Recommendations for Advancing Financial Inclusion and Productivity Gains through Digital
Public Infrastructure (DPI)’, developed under the Indian Presidency was also endorsed
• These policy recommendations will be instrumental in guiding the G20 and non-G20 countries to
utilize DPI for boosting development processes for strong and inclusive growth.
Key Deliverables:
These include the following, among others:
i.Volume 1 of a Report of the G20 Independent Expert Group on Strengthening MDBs
ii.Progress in the debt treatment for countries under the Common Framework
iii.Guidance note for developing a globally coordinated framework for the regulation and supervision of crypto-
assets
iv.Recommendations on Advancing Financial Inclusion and Productivity Gains through DPI to achieve financial
inclusion of the last mile
v.Principles for Financing Cities of Tomorrow

Side Meetings:
These include the following,
i.Infrastructure Investors’ Dialogue on ‘Leveraging Funding and Financing Mechanisms and Approaches for the
Cities of Tomorrow’
ii.High-Level Tax Symposium on ‘Combatting Tax Evasion, Corruption and Money Laundering’
iii.Roundtable Discussion on Crypto Assets to discuss and deliberate on some of the key questions pertaining to
the crypto asset
iv.Roundtable on the Report of the G20 Expert Group on Strengthening MDBs
v.Workshops on ‘Interlinking Fast Payment Systems (FPS)’ and ‘Achieving Growth-Friendly Climate Action and
Financing for Emerging and Developing Economies’
Highlights from Discussions held during 3rd G20 FMCBG Meeting:
It should be noted that the discussions held during the Third G20 FMCBG meeting will inform the Leaders for
the G20 Summit to be held in India in September, 2023. The G20 FMCBGs will meet next in October 2023 in
Marrakesh, Morocco on the sidelines of 2023 Annual Meetings of the World Bank Group (WBG) and
International Monetary Fund (IMF) from October 9 – 15, 2023.
Following are the highlights from discussions:
I.Discussions were held on the key deliverables of the Finance Track under the Indian G20 Presidency for 2023
along with global economic outlook and risks, including macroeconomic implications of food and energy
insecurity, and climate change.
II.The Union Finance Minister, in her welcome remarks, reiterated the collective responsibility of G20 to steer
the global economy towards strong, sustainable, balanced, and inclusive growth.
III.Under the priority of strengthening MDBs to address global challenges of the 21st century, members
recognized the urgent need to strengthen and evolve the MDB ecosystem.
• A G20 Independent Expert Group on Strengthening MDBs was constituted by the Indian Presidency
which has prepared Volume 1 of the Report on Strengthening MDBs, and Volume 2 is expected in
October 2023.
IV.The G20 encouraged the efforts of the Global Sovereign Debt Roundtable (GSDR) towards strengthening
communication to facilitate effective debt treatment. The GSDR is chaired by India, IMF and the World Bank
(WB).
V.As India prioritized a need to consider macrofinancial implications of crypto assets, it presented high-level
recommendations provided by the Financial Stability Board (FSB) regarding crypto-asset activities and global
stablecoin arrangements. This was welcomed by G20 members.
Key Points:
i.The Indian Presidency has submitted a “Presidency Note” to all G20 members, which includes essential
inputs for a Roadmap on crypto assets.
ii.This Roadmap will be part of the Synthesis Paper being prepared jointly by IMF and FSB.
iii.The Roadmap aims to establish a comprehensive policy and regulatory framework, addressing various risks,
including those specific to emerging market and developing economies (EMDEs) and global implementation of
FATF (Financial Action Task Force) standards.
iv.The Synthesis Paper and Roadmap will be presented before the G20 Leaders’ Summit in September 2023.
v.The meeting also saw the discussions on climate finance where members welcomed the recommendations on
the mechanisms to support timely and adequate mobilization of resources for climate finance, prepared by
the Sustainable Finance Working Group, along with Analytical Framework for SDG (Sustainable
Development Goals)-aligned finance.
VI.Members welcomed the discussion on the Framework on Economic Vulnerabilities and Risks (FEVR)
arising from pandemics, while taking into account country-specific circumstances.
VII.On the infrastructure agenda, members supported for work under the Indian Presidency’s priority
of ‘Financing the Cities of Tomorrow’.

VIII.In the tax agenda, members appreciated the significant progress made with respect to the two-pillar
international tax package and called for the finalization of the pending work as per the agreed timelines.
India and Indonesia Launched “India – Indonesia Economic and Financial Dialogue (EFD Dialogue)
During the meeting, the Indonesian Finance Minister Sri Mulyani Indrawati and her Indian counterpart
Nirmala Sitharaman jointly inaugurated the India-Indonesia Economic and Financial Dialogue (EFD) in
Gandhinagar, Gujarat to enhance collaboration on bilateral and international economic and financial matters.
• The EFD will promote shared understanding of global issues and enhance collaboration on
macroeconomic challenges, global economic prospects, and bilateral investment relations. It will
also extend cooperation in G20 and ASEAN (Association of Southeast Asian Nations) matters.
Others:
i.India’s Union Finance Minister also engaged in various bilateral discussions with her counterparts on the
sidelines of the FMCBG meeting.
ii.The delegates were hosted for ‘Ratri Bhoj Par Samvad’ (Conversation over Dinner), and for cultural programs
curated by the Government of Gujarat.
iii.Excursion events are also planned for the delegates to experience Gujarat through visits to Adalaj Step wells,
Sabarmati Ashram, Sabarmati River Front, Patan and Modhera.
i.On 21st April 2023, the Ministry of Finance announced that the Government will release a new
commemorative coin of Rs 100 denomination on 30th April 2023, for the 100th episode of Prime Minister
Narendra Modi’s radio show Mann Ki Baat.
ii.On 26th April 2023, Union Minister Nirmala Sitharaman, Ministry of Finance (MoF), approved the
upgradation of Rail Vikas Nigam Limited (RVNL) to a Navratna Central Public Sector Enterprise (CPSE) from a
Category-I MiniRatna CPSE.
Union Minister – Nirmala Sitharaman (RajyaSabha- Karnataka)
Minister of State (MoS) – Pankaj Chaudhary
Departments under the MoF – Department of Expenditure; Department of Economic Affairs (DEA);
Department of Revenue; Department of Financial Services; Department of Investment and Public Asset
Management (DIPAM) & Department of Public Enterprises.
CEC Rajiv Kumar participated in the 11th A-WEB Executive Board Meeting held in Colombia
Rajiv Kumar, Chief Election Commissioner (CEC) led the 3-member delegation from the Election Commission of
India (ECI) to participate in the 11th meeting of the Executive Board of the Association of World Election
Bodies (A-WEB) in Cartagena, Colombia from 10th to 14th July 2023.
• The ECI delegation included Manoj Sahoo, Deputy Election Commissioner and Anuj Chandak, Joint
Director.
• On 13th July 2023, the National Civil Registry, Colombia organised an international conference on
the theme “A global view on the challenges of regional elections 2023” will bring together
representatives from the 19 Executive Board Members and the 2 Oversight and Audit Committee
Members.
• As a global association, A-WEB plays a critical role for Election Management Bodies (EMBs) to work
on challenges like fake narratives derailing election integrity worlwide.
Agendas proposed in the meeting:
i. The participants at the Executive Board meeting discussed various agenda items including the programmes
and activities to be undertaken by A-WEB during 2023-24, the annual progress report of A-WEB & its regional
offices including A-WEB India Centre, budget and membership related matters amongst others.
ii. ECI proposals:
• Setting up an A-WEB portal to serve a as repository of electoral best practices and initiatives taken
by member EMBs in various aspects of electoral management.

• Establishing A-WEB Global Awards for EMBs who make significant contribution and take important
initiatives in the democratic processes. Both proposals were approved by the Executive Board.
Additional Info:
Meantime, on the sideline, a bilateral meeting on ECIs Electronic Postal Ballot System was also held with the
National Election Commission (NEC) of the Republic of Korea (South Korea).
• In 2012, India and South Korea had signed a Memorandum of Understanding (MoU) for establishing
a mutually cooperative relationship in the field of election administration.
• As per the MoU, both countries are supposed to establish a mutually cooperative relationship in the
field of election administration.
Note: In March 2023, NEC participated in the 3rd International Conference on ‘Inclusive Elections and Elections
Integrity’ organised by ECI under the supervision of ‘Democracy Cohort on Elections Integrity’.
India A-WEB Centre:
i. In September 2019, at a meeting of the A-WEB Executive Board held in Bengaluru, an India A-WEB centre was
also established in New Delhi, Delhi.
ii. It was established for documentation and research for sharing the best practices and training and capacity
building of officials of A-WEB members, including a journal titled ‘A-WEB India Journal of Elections.’
iii. The ECI is responsible for providing all the necessary resources for the India A-WEB Centre.
Note: ECI assumed control over as Vice-Chairperson of A-WEB for 2017-19 term; as Chair for 2019-22 term
and is currently a member of its Executive Board for 2022-24 in its capacity as immediate former Chair of A-
WEB
About Association of World Election Bodies (A-WEB):
A-WEB launched in the Republic of Korea in October 2013 is the largest international organization of Election
Management Bodies (EMBs).
It currently comprises 121 EMBs from 111 countries.
Chairperson– Mosotho Moepya (Electoral Commission of South Africa)
Secretary General– Dr. In-sik Jang
Headquarters– Songdo, Incheon, Republic of Korea
CEM-14/MI-8 held in Goa on the sidelines of the 4th Energy Transitions Working Group
The 8th Mission Innovation Ministerial (MI-8) and 14th Clean Energy Ministerial(CEM-14), hosted by the
Ministry of Power and Department of Science and Technology, took place alongside the 4th Energy Transitions
Working Group (ETWG) meeting under India’s Group 20 (G20) Presidency held in Goa from 19th July 2023 to
22 July, 2023.
• The theme for the year 2023 is ‘Advancing Clean Energy Together’.
• The event was attended by 34 member countries.
• The 4th ETWG Meeting was chaired by Pankaj Agarwal, Secretary, Ministry of Power.
Technology showcase:
i.Chief Minister(CM) of Goa Pramod Sawant inaugurated a four day technology and cultural showcase,
demonstrating cutting-edge advances in clean energy from India and around the world held at
the Shyama Prasad Mukherjee Indoor Stadium.
ii.The showcase highlighted cutting-edge innovations such as electric vehicles, hydrogen technologies, and
various other clean energy solutions sourced from global developments.
iii.The event structured into three distinct segments:
• Vehicle and Charging Infrastructure Showcase, organised in collaboration with Society of Indian
Automobile Manufacturers (SIAM), The Energy and Resources Institute (TERI), CALSTART(an Non
Governmental Organisation from New York, United States Of America), and Drive to Zero(a program
and campaign aims to accelerate the growth of global zero-emission (ZE) commercial vehicle space);
• Mission Innovation section, presented by the Department of Science and Technology under
Government of India;

• Clean Tech Start-up category led by The Energy and Resources Institute(TERI).
Notable Events:
The event featured about 30 side events organised by over 50 partners. These supplementary sessions were
centered around diverse themes encompassing energy efficiency, clean fuels, clean power, mobility, and
industry decarbonization.
i.‘Global Carbon Management Challenge’ – The event emphasized crucial factors essential for successful
implementation, such as viable incentivizing policy frameworks, appropriate financial structures, and timely
assessments of geological Carbon-di-oxide(CO2) storage potentials.
ii.’Gigatonne Opportunity Initiative event’ – The United Nations Framework Convention on Climate Change
(UNFCCC) Global Innovation Hub initiated a coalition comprising both private and public stakeholders came to
a consensus to work together and provide solutions on a gigatonne scale, which aimed to present these
strategies to relevant stakeholders during Conference Of Parties(COP)28.
Sessions held:
i.Financing carbon capture, usage, and storage The aim of this event was to make the financing of carbon
management projects more appealing and feasible with the objective of convening commercial banks,
multilateral development banks, governments, and industry representatives.
ii.‘Hydrogen – the Nordic Rally to the Valley and Nordic Green Sailing’ focused on the potential
acceleration of rapid innovation and deployment of hydrogen valleys through enhanced collaboration and
knowledge sharing between Nordic countries and others.
iii.‘Collaboration for Advancing Global Action on Sustainable Cooling’- emphasised the significance of
sustainable cooling as a priority topic, encouraging collective global action.
iv.‘Energy compacts’, India’s dedication to a clean energy future and its commitment to Sustainable
Development Goal(SDG7 – Affordable & Clean energy) was highlighted.
Additional Info:
• A discussion about the possibilities offered by a wide array of carbon removal technologies to
contribute to achieving net-zero emissions was organised.
• A dedicated session showcasing clean energy technology requirements and opportunities for
collaboration was also held with the focus on identifying key technical pathways, addressing data
gaps, and exploring the potential of collaborative research and development (R&D)
EESL signs 15 MoU on Green Energy at G20 meet
The Energy Efficiency Services Limited (EESL), a Public Sector Undertakings under the Ministry of Power,
signed 15 Memorandum of Understanding (MoUs) worth Rs 700 crore, on the sidelines of the recently
concluded G20 Green Energy Ministerial in Goa.
• The purpose of MoU is to strengthen the EESL’s commitment to exploring innovative solutions for
energy access, clean cooking, decarbonisation, and energy efficiency initiatives in India.
• The G20 Energy Ministerial meeting was chaired by Raj Kumar Singh, the Union Minister of Power,
and New and Renewable Energy.
Notable MoUs :
i.Agreement valued at approximately Rs.50 crore, was signed with the Ladakh Autonomous Hill Development
Council, Leh in Ladak to address electricity and cooking needs in remote areas of Leh.
ii.MoU with the United States Agency for International Development (USAID), focusing on areas like super-
efficient cooling and heating and electric mobility, among others.
iii.An MoU with Andhra Pradesh State Housing Company Limited (APSHCL) amounting to Rs.110 crore,
wherein they would provide energy-efficient appliances to beneficiaries under the
esteemed Navaratnalu Pedalandariki Illu (NPI) scheme.
iv.An MoU with Indian Institute of Technology, Madras (IIT M), aiming to support MSMEs in implementing
energy conservation measures and commercialising technologies.
v.An MoU with Loughborough University, United Kingdom (UK), under the Modern Energy Cooking Service
(MECS) programme, to promote and deploy electric cooking in India.

vi.Another collaboration was formed with Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha
(BAPS) Swami Narayan Sanstha (Akshardham) to implement energy efficiency measures across BAPS centres
and temples in India.
Energy Efficiency Services Limited (EESL):
The EESL is a joint venture of National Thermal Power Corporation (NTPC) Limited, Power Finance
Corporation, and Rural Electrification Corporation and Powergrid.It was set up to facilitate implementation of
energy efficiency projects.
4th ECSWG & Environment & Climate Ministers Meeting was Held in Chennai
The 4th Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate
Ministers’ meeting was held between 26th to 28th July 2023, in Chennai, Tamil Nadu (TN).
• The 3-day meeting brought together around 300 delegates from G20 (Group of Twenty) member
countries, invitee countries, and several International Organisations, with a focus on finalizing the
Ministerial Outcome and the Presidency Documents under the two broad tracks of Environment and
Climate.
• During India’s G20 Presidency, a total of 11 documents were released, comprising 1 outcome
document and 2 Presidency Documents focused on the theme of Blue Economy, 4 Presidency
Documents and Compendiums of Best Practices related to Land and Biodiversity, as well as Water
Resources Management, and 4 Presidency Documents addressing the theme of Resource Efficiency
and Circular Economy.
The 4th ECSWG meeting:
i.G20 member countries & nine guest countries participated in the meeting with a shared interest in
environmental conservation and sustainability.
ii.12 international organizations including United Nations Convention to Combat Desertification (UNCCD),
United Nations Development Programme (UNDP), and the World Bank were present during the meeting.
iii.Indian Presidency published the 5th report on actions against marine plastic litter under the G20
Framework for Marine Plastic Litter, in collaboration with Japan.
iv.The event hosted 15 pavilions highlighting different initiatives and projects related to the meeting’s core
themes.
• One pavilion was exclusively dedicated to LiFE while another pavilion focuses on Project Tiger,
highlighting conservation efforts. The remaining 13 pavilions will be dedicated to showcasing
various aspects of Handicrafts.
About LiFE:
LiFE – Lifestyle for Environment and resilient development paradigm for G20 is an important mission and
cross-cutting theme across all three priorities such as land degradation, biodiversity, and climate change
promoted by India.
Launch of Resource Efficiency Circular Economy Industry Coalition (RECEIC):
i.The Resource Efficiency Circular Economy Industry Coalition (RECEIC) was launched by Bhupender Yadav,
Union Minister for Environment, Forest and Climate Change (MoEFCC) in the 4th ECSWG meeting.
• The coalition’s objective is to unite nations, industries, and experts in their endeavor to propel the
global circularity agenda forward.
ii.The foundational charter of RECEIC was signed and its logo was unveiled to mark the launch of the meeting
which was attended by Ministers of seven countries such as Mauritius, Denmark, Italy, Canada, The United Arab
Emirates (UAE), France, and the European Union(EU).
Chennai High-Level Principles adopted During the 4th ECSWG meeting:
The G20 members adopted the ‘Chennai High-Level Principles for a Sustainable and Resilient Blue/
Ocean-based Economy’, which can be implemented on a voluntary basis, “based on national circumstances
and priorities”.
• The document has nine principles that prioritize ocean health.

39 MNCs Came Together for Circular Economy Principles:
39 multinational corporations (MNCs) from various sectors such as steel, FMCG, electronics came together to
pledge to adopt resource efficiency and circular economy principles and to address environmental challenges
rising from waste, including plastics, microplastics, e-waste, and chemical waste.
• The MNCs headquartered in 11 different countries have joined the coalition as RECEIC founding
members.
Previous ECSWG meetings:
The previous meetings of ECSWG were held in Bengaluru in Karnataka, Gandhinagar in Gujarat, and Mumbai in
Maharashtra.
• The Environment and Climate Sustainability Working Group (ECSWG) meetings chaired by Ms.
Leena Nandan, G20 ECSWG Chair, Secretary, Ministry of Environment, Forest and Climate Change
(MoEFCC).
The ECSWG & Minister’s Meeting focused on 3 key areas
• Arresting land degradation, accelerating ecosystem restoration, and enriching Biodiversity.
• Promoting a sustainable and climate-resilient blue economy.
• Encouraging resource efficiency and circular economy.
About Tamil Nadu:
Chief Minister- M. K. Stalin
Governor- R. N. Ravi
Airports- Tuticorin or Thoothukudi Airport; Salem airport
Bird sanctuary- Karikili Birds Sanctuary, Kancheepuram; Kanjirankulam Birds Sanctuary, Ramanathapuram
SUMMITS, EVENTS & CONFERENCE

UN Unveiled 51 robots at AI summit to Advance SDG goals
International Telecommunication Union(ITU), a specialized agency of the United Nations(UN) responsible for
information and communication technologies, organised 2 days Global Summit ‘AI for Good’ in Geneva,
Switzerland.
• The summit highlighted the deployment of specialized
robots to aid in achieving the organization’s 17 Social
Development Goals (SDGs)
• With less than a decade remaining to fulfil the SDGs,
this summit aims to identify practical applications of
artificial intelligence (AI) in advancing these goals and
scaling up the solutions for global impact.
About Sustainable Development Goals(SDG):
Sustainable Development Goals are a set of 17 global goals
established by the United Nations (UN) in 2015. The SDGs build upon the progress made through the
Millennium Development Goals (MDGs) and aim to integrate economic growth, social inclusion, and
environmental sustainability.
About the Summit:
Recent advancements in AI technology, including chatbots, object detection, and human emotion recognition
played a significant role in the summit’s discussions.
Day 1: Cutting-edge robotic AI solutions were presented through 51 robot(out of which nine are Humanoid)
demonstrations by companies such as Pepper the Robot, GoBe Robot, Aliengo, B1, and Go1.Notable robots
which attended the Global Summit include:

• Grace : World’s most advanced humanoid healthcare robot.First developed in partnership with
Hanson Robotics and SingularityNET, Grace is “the world’s foremost nursing assistant robot”, made
to provide support and care for the elderly.
• Sophia : The first robot Innovation Ambassador for the United Nations Development Programme
(UNDP),built by Hanson Robotics.UN Deputy Secretary-General Amina Mohammed interacted with
Sophia during the summit.
• Nadine: Developed by the University of Geneva, Nadine is known as one of the most realistic
humanoid social robots in the world.
• Geminoid: Created by Hiroshi Ishiguro from Japan, Geminoid is an ultra-realistic humanoid robot
that closely resembles its human creator.
• 4NE-1: Neura Robotics has designed 4NE-1, which is recognized as one of the most advanced
cognitive humanoid robots globally.
• Ai-Da Robot, the first ultra-realistic robot artist, designed by Aidan Meller, and Desdemona, the
“rockstar” robot of the Jam Galaxy Band.
Day 2: A first-of-its-kind press conference where journalists pose questions to an all-robot panel was held.
Note – The United Nations is already leveraging AI in various areas, including the World Food
Programme’s HungerMap project.
About United Nation:
Members – 193 countries
United Nation Secretary-General – António Guterres
Headquarters – New York, United States of America (USA)
Startup20 Shikhar Summit held in Gurugram; India passes torch to Brazil

Startup20 Shikhar Summit, organised by the Startup20 Engagement Group under the India G20(Group of
20) Presidency, was held from 3rd to 4th July 2023 in Gurugram, Haryana. The 2-day summit served as a
platform for fostering innovations, collaborations, knowledge sharing, and strategic alliances within the global
startup ecosystem.
• During the closing ceremony of the summit, Dr.
Chintan Vaishnav, Chair of Startup20 and the Mission
Director for Atal Innovation Mission (AIM), handed
over the torch to Brazil, which holds the G20
presidency for 2024.
Highlights:
i.The name “Shikhar,” which means “mountain peak” in Sanskrit,
symbolizes the pinnacle of achievements in shaping the future of
the global startup ecosystem.
ii.There was a Startup Conclave during the summit where startups showcased their innovative products and
services, engage in investor pitches, mentoring sessions, and network with industry professionals.
iii.The event also marked a vibrant evening of cultural showcases and performances.
G20 adopted first ‘Startup20 Communiqué 2023’ to create definition framework for start-ups
During the summit, the G20 countries have adopted the first ‘Startup20 Communiqué 2023‘ by agreeing on
the creation and adoption of a definition framework for start-ups that will have five components including legal
entity type, age, size, scalability and innovation.
The nations have also agreed on the creation of a networked institution to support start-ups and ecosystem
stakeholders across all member countries, increasing and diversifying access to capital, and easing market
regulations for start-ups.
The Joint Communique has urged the G20 leaders to raise the joint annual investment of G20 nations in the
global startup ecosystem to USD 1 trillion by 2030.

• Notably, Saudi Arabia is the first country to endorse and support this Startup20’s call.
Other Highlights of Joint Communique:
i.It also include prioritising the inclusion of under-represented communities within the start-up ecosystem
ii.The policy communiqué sets the direction for G20 countries to scout promising startups intensively, fund
them collaboratively, mentor them contextually and scale them globally
iii.It has asked the leaders to facilitate the flow of public and private capital into the startup ecosystem by
promoting various mechanisms such as Fund-of-Funds, Corporate Venture Funds, and University Endowment
Funds.
These measures aim to empower startups to innovate, grow, and address global challenges effectively.
i.On March 27, 2023, Ashwini Vaishnaw, the Minister of Communications, Electronics & Information
Technology and Railways, and Devusinh Chauhan, Minister of State for Communications, inaugurated the Two
days ‘First International Quantum Communication Conclave’ which was held on 27-28 March 2023 at
Vigyan Bhawan, New Delhi.
ii.India’s and Asia’s first mobile biosafety level-3 (BSL-3) laboratory named ‘Rapid Action Mobile BSL-3
Advanced Augmented Network (RAMBAAN)’, designed to investigate emerging viral infections was showcased
at the second G-20(Group of 20) Health Working Group meeting held in Panaji ,Goa.
About Startup20:
Startup20 is the first of its kind official engagement group initiated under the Indian presidency of the G20
2023.
Startup20 India Chair– Dr. Chintan Vaishnav
Headquarters– Ahmedabad, Gujarat
U20 chair city Ahmedabad hosted U20 Mayoral Summit 2023 in Gandhinagar, Gujarat
Ahmedabad (Gujarat), the Chair City of Urban 20(U20) 2023, hosted the 2-day U20 Mayoral Summit 2023 from
7th to 8th July 2023 in Gandhinagar, Gujarat. The Summit concluded with the handover of the Communiqué
from the Mayors to G20 leaders.
• Kiritkumar J Parmar, Mayor of Ahmedabad handed over the Communique to Hardeep Singh Puri,
Union Minister of Housing & Urban Affairs and Amitabh Kant, G20 (Group of 20) Sherpa.
• The handover was moderated by the U20 convenors, C40 Cities and United Cities and Local
Governments (UCLG).
Note: C40 cities is a set of major cities around the world that have
committed to fighting climate change, which connects around 96 of
the world’s largest and most influential cities.
About the Communiqué:
i. The Communiquéwas officially endorsed by a record number of
105 cities across the world.
• This is around twice the number of endorsements for any
previous U20 communiqués and is the highest ever
number of endorsements received to date for any U20
Communiqué.
ii. The Communiqué is in line with the theme of India’s (G20) presidency “VasudhaivaKutumbakam”, or One
Earth, One Family, One Future.
iii. The Communiqué has been drafted as an action agenda for the 6 priorities identified collectively by U20
cities. The priorities are:
• Encouraging environmentally responsible behaviours
• Accelerating climate finance
• Championing local culture and economy
• Ensuring water security

• Catalysing digital urban futures and
• Reinventing frameworks for urban planning and governance.
Key Points:
i. While addressing the Summit, Union Minister Hardeep Singh Puri stated that cities play a major role in
achieving the global goals related to sustainability, inclusivity and climate resilience.
ii. He also highlighted the 9 focus areas for the cities to achieve a sustainable future:
• Strengthen local governance
• Plan beyond traditional boundaries
• Push for financially self-reliant cities
• Foster a culture of innovation
• Harness the power of data and technology
• Shift from regulation to facilitation
• Focus on impacts not outcome
• Put citizens at the heart of urban policy
• Leverage local culture and economy
About the U20 Mayoral Summit 2023:
i. The Summit was hosted with the support of the Ministry of Housing and Urban Affairs(MoHUA) National
Institute of Urban Affairs (NIUA), and the U20 Technical Secretariat.
• The summit offered a platform for city leaders from G20 countries to deliberate on actions towards
sustainability.
ii. The current U20 cycle has also created a record with over 50 articles, 6 extensive background research
papers, six white papers on the six priority areas and six U20 bulletins being prepared and released during the
cycle.
iii. The Summit also saw the launch of several technical papers and documents including the Policy brief on
Mainstreaming Gender in U20 and the Ahmedabad Resilient City Climate Action Plan, which gives a roadmap
for achieving net-zero emissions by 2070.
What is U20?
Urban 20 is a city diplomacy initiative that brings together cities from G20 member states under a common
framework to discuss global economic, climate and development issues.
About Gujarat:
Chief Minister- Bhupendrabhai Patel
Airport- Sardar Vallabhbhai Patel International Airport and Dholera International Airport
For the 1st time, India hosted the Global Food Regulators Summit 2023 in New Delhi
For the first time, India hosted the Global Food Regulators Summit 2023, held as part of the Group 20 (G20)
event, in Manekshaw Centre, New Delhi, Delhi from 20th to 21st July 2023. The summit was organised by the
Food Safety and Standards Authority of India (FSSAI).
• Dr. Mansukh Mandaviya, Union Minister of Health and
Family Welfare inaugurated the Global Food
Regulators Summit 2023 to create a global platform
of food regulators to exchange perspectives on
strengthening food safety systems and regulatory
framework across the food value chain.
Note:
This is the first time the summit was held outside Rome, Italy.

Key people:
i.The special guest Minister of Agriculture and Livestock Development, Govt. of Nepal, Dr. Bedu
Ram Bhusal and the guest of honour Union Minister for Agriculture and Farmers Welfare Narendra Singh
Tomar are present in the event.
ii.Prof S P Singh Baghel and Dr Bharati Pravin Pawar, Union Ministers of State for Health and Family Welfare
are also present in the summit.
New Launches in the summit:
Union Minister Dr. Mansukh Mandaviya launches the following new initiatives in the summit.
Food-o-Copoeia:
i.Food-o-Copoeia, a collection of food category-wise monographs was released at the summit.
ii.It acts as a single point reference for all applicable standards for a specific product category detailing quality
and food safety standards, labelling and claim requirements, packaging requirements, test methods and any
other regulatory provisions required by the Food Safety and Standards Regulations (FSSRs).
SaNGRAH:
i.The common regulators platform ‘SaNGRAH‘ – Safe food for Nations: Global
food Regulatory Authorities Handbook was also launched at the summit.
ii.It is a database of Food Regulatory Authorities of 76 countries across the world, their mandate, food safety
ecosystem, food testing facilities, contact details for food authorities.
iii.This handbook is available in Hindi, English,Gujarati, Marathi, Tamil, Telugu, Kannada, and Malayalam.
Common Digital Dashboard:
The Dashboard is a common Information Technology (IT)-portal that provides comprehensive information on
regulations, notifications, cautions, guidelines, contamination limits, and the most recent advancements by
India’s Food Regulators.
Exhibition:
i.Dr Mandaviya also inaugurated a two-day exhibition during the Global Food Regulator Summit 2023.
ii.The exhibition enables the interactions of ideas and information about food safety, food standards, food
testing capabilities, product reformulation, and food technology innovation.
iii.It witnessed 35 exhibitors including Food Business Operators (FBOs), Rapid Analytical Food Testing (RAFT)
manufacturers, Agricultural & Processed Food Products Export Development Authority (APEDA), Marine
Products Export Development Authority (MPEDA), Export Inspection Council (EIC),Spice Board, Tea Board and
Coffee Board to showcase their expertise and contributions to the field.
Key points:
i.The summit was attended by the food regulators from over 40 countries along with representatives from 30
International Organisations and 25 International Research Institutes to share viewpoints and knowledge on
critical food safety system concerns.
ii.The various technical sessions focused on topics such as the roles and responsibilities of global food
regulators, challenges and solutions for global food safety, robust standard setting, innovation in food
emergency response took place in the submit
Overview of the 23rd SCO-CHS Summit 2023 under India’s First SCO Chairmanship
On July 4, 2023, the Prime Minister (PM) of India Narendra Modi chaired the 23rd Shanghai Cooperation
Organization (SCO) Council of Heads of State (SCO-CHS) Summit which was held in a virtual format.
• India, as the Chair of the SCO, hosted the SCO-CHS Summit for the first time. India assumed the
chairmanship of the SCO in September 2022.
Note: Previously, Vice President Shri Venkaiah Naidu chaired the 19th Meeting of the SCO Council of
Heads of Governments (CHG) hosted by India for the first time in November 2020.This was the first time
that India chaired a SCO(CHG) level Meeting.

Theme of the Summit:
‘Towards a SECURE SCO’
• SECURE stands for Security; Economy (and Trade);
Connectivity; Unity; Respect (for Sovereignty and
Territorial Integrity); and Environment.
Key topics discussed at the Summit:
i.These include situation in Afghanistan, the Ukraine conflict, and
increased cooperation among member countries.
ii.Participants deliberated on strategies to boost connectivity and
trade.
iii.PM Narendra Modi mentioned about five pillars of the SCO-s vision: security, economic development,
connectivity, unity, respect for sovereignty and territorial integrity, and environmental protection.
Highlights:
New Delhi Declaration:
During the summit, the member nations signed the New Delhi Declaration coined by the Indian
Government to fight against terrorism. It envisages developing common principles and approaches to form
a unified list of terrorist, separatist and extremist organizations whose activities are prohibited on the
territories of the SCO Member States.
• The Declaration also proposes four other joint statements on de-radicalisation, sustainable
lifestyle to tackle climate change, production of millets and digital transformation.
Point to be Noted: Under this declaration, India refused to sign the paragraph supporting China’s Belt
and Road Initiative (BRI). With this, India is only nation who does not endorsed this agreement.
• However, other SCO member nations viz. Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan
and Uzbekistan will jointly implement this project, including efforts to link the construction of
the Eurasian Economic Union and BRI.
Click Here for Full Declaration
Joint Statements:
The leaders also adopted the following two thematic joint statements:
i.Countering Radicalization leading to Terrorism, Separatism and Extremism:
Under this, member states are determined to deepen law enforcement and security cooperation within the
organization, promote multilateral cooperation, strengthen coordination at global, regional and national
levels, and coordinate responses to traditional and non-traditional security threats and challenges.
• The nation will exchange practical experience on how to ensure the security of major
international events held on the territory of the SCO states.
Click Here for Statement
ii.Cooperation in the field of Digital Transformation:
Under this, the member states will collaborate to explore the potential of digitalization in various fields, as
development of digital technologies will promote data applications to better serve all aspects of economic,
social and cultural life. Click Here for Full Statement
PM Modi presents Indian AI-based language platform ‘Bhashini’ at SCO
The PM Narendra Modi presented the AI (artificial intelligence) and Natural Language Processing (NLP)-
based language platform ‘Bhashini’ at SCO summit which can transcend language barriers by translating
in-real time and allowing people from different languages to interact with one another over digital
platforms.
Note: At present, the official languages of SCO are Mandarin and Russian.India is proposing to include
English as the official language of the group.

About Bhashini:
In 2022, PM Modi launched Bhashini under the National Language Technology Mission (NLTM). Developed
by Ministry of Electronics and Information Technology (MeitY), its aim is to bring the non-English
speaking population of the nation to the global internet and help them access it in their language itself.
• It is one of the key missions by the Prime Minister’s Science, Technology, and Innovation
Advisory Council (PM-STIAC).
• Bhashini has a data repository and a model repository.
• The Universal Language Contribution API (ULCA) is also part of Bhashini.
Iran joins SCO as its 9th Permanent Member
During the summit, Iran became the new permanent member (9th) of SCO. Now, the member nations of
SCO increased to 9 viz. China, Russia, India, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, and
Uzbekistan.
• This highlights the growing interest of other countries in joining the SCO, emphasizing the
organization’s importance.
Belarus set to become a full member of SCO charter by 2024
Belarus is set to become a full member by 2024 as the nation signed a Memorandum of Obligations which
will lead to its membership.
Kazakhstan takes over SCO Presidency from India
The presidency of the SCO for the forthcoming period is handed over to the Republic of Kazakhstan. The
next meeting of the SCO Council of Heads of State will be held in 2024 in the Kazakhstan.
The President of Kazakhstan, Kassym-Jomart Tokayev also proposed closer energy cooperation within the
SCO.
• In this regard, suggestions were made on hosting an SCO energy conference and developing a
joint energy strategy for the organisation.
Participants:
Heads of the SCO secretariat and the SCO RATS (Regional Anti-Terrorist Structure) which include
President of Russia Vladimir Putin, Chinese President Xi Jinping, Pakistani Prime Minister Shehbaz Sharif,
Kazakhstani President Kassym-Jomart Tokayev, Kyrgyzstan President Sadyr Japarov, Tajikistan President
Emomali Rahmon, and President of Uzbekistan Shavkat Mirziyoyev
• Turkmenistan is a permanent invitee, while Presidents of Iran, Belarus and Mongolia have been
invited as Observer States.
• The summit has invited six international and regional organizations, including the United
Nations (UN), Asean (Association of Southeast Asian Nations), CIS (Commonwealth of
Independent States), CSTO (Collective Security Treaty Organization), EAEU (Eurasian Economic
Union), and CICA (Conference on Interaction and Confidence Building Measures in Asia).
Note: The 2022 SCO Summit was held in person, and all leaders including Prime Minister Narendra Modi
had attended the summit in Samarkand.
About SCO:
It is a 9-member intergovernmental organization that was founded in Shanghai on June 15, 2001. The
main goals of the SCO are to strengthen mutual trust and good-neighborliness among member states,
promote their effective cooperation in political, trade, economic, and other areas.
• 4 Observer States: Mongolia, Iran, Belarus, Afghanistan
• 6 Dialogue Partners: Azerbaijan, Armenia, Sri Lanka, Cambodia, Turkey, Nepal
Static Points: India’s SCO Presidency
i.India had joined the SCO as an observer country in 2005 and became a full member state in 2017 along
with Pakistan.
ii.India hosted at least 140 SCO events and 14 Ministerial meetings since September 2022.

• India assumed the rotating chairmanship of the SCO at the Samarkand Summit on September
16, 2022.
iii.India has also set up new working groups during the year on several issues including Startups and
Innovation; Traditional Medicine and Digital Inclusion.
iv.India created five new pillars and focus areas of cooperation in SCO. These are startups and innovation,
traditional medicine, digital inclusion, youth empowerment, and shared Buddhist heritage.
v.Two new mechanisms in SCO — Special Working Group on Startups and Innovation and Experts
Working Group on Traditional Medicine — were created on India’s initiative.
vi.A commemorative stamp was released on June 15, 2023 to mark the first-ever SCO presidency of India.
Jyotiraditya M Scindia Inaugurates Heli Summit 2023 by Launching UDAN 5.2 & HeliSewa app
On 25th July 2023, Union Minister of Civil Aviation and Steel, Jyotiraditya Scindia inaugurated the 5th
Helicopter & Small Aircraft Summit (Heli Summit 2023) in Khajuraho, Madhya Pradesh.
• During the event Scindia launched Regional Connectivity
Scheme UDAN(Ude Desh Ka Aam Nagrik,) 5.2 (RCS
UDAN 5.2) and HeliSewa app.
Heli Summit 2023:
i.The theme of the summit was “Reaching the Last Mile: Regional
Connectivity through Helicopters & Small Aircraft”.
ii.The summit was jointly organized by the Ministry of Civil Aviation,
in association with the Government of Madhya Pradesh, Pawan Hans
Ltd., and the Federation of Indian Chambers of Commerce and
Industry (FICCI).
Objectives of the Heli Summit 2023:
i.Providing a common platform for all industry stakeholders, and policymakers to discuss the growth story of
the Indian Helicopter and Small Aircraft industry.
ii.Enhancing the scope of the UDAN Scheme in remote and hilly terrains and expanding the country’s rural-to-
urban connectivity.
iii.Boosting Helicopter & Small Aircraft connectivity to places with existing and potential tourism hotspots by
providing uninterrupted services.
Launch during the summit:
i.UDAN 5.2:
UDAN 5.2 for small aircraft (by awarding 22 routes) and for helicopters (by increasing the VGF and reducing
the fare cap) has been launched.
Note: Udan , launched in October 2016, aims to enhance the connectivity to in tier II and tier III cities of India
and achieve last-mile connectivity through small aircraft such as 1A (with less than nine seats) and Category
1(with less than 20 seats).
ii.HeliSewa app:
HeliSewa is a single window service platform by the initiative of the Ministry of Civil Aviation under Digital
India to develop a common platform by creating an ecosystem between the helicopter operators and the
district authorities.
iii.A Memorandum of Understanding (MoU) between Pawan Hans Ltd. and Jet Serve Aviation Pvt. Ltd. was
signed for advancing the Helicopter and Small Aircraft sector in India.
Flight Training Organisations (FTO):
Scindia inaugurated 3 FTO; two pilot training academies and one helicopter training institute and also
announced aircraft services between Khajuraho, Madhya Pradesh and Varanasi, Uttar Pradesh.
• With this, the number of FTOs in Madhya Pradesh has risen to six — three in Khajuraho, and one
each in Indore, Sagar and Guna.

Recent related news:
On February 8th, 2023, helicopter service provider, Pawan Hans Limited (PHL), a central public sector
undertaking under the Ministry of Civil Aviation (MoCA), launched its helicopter services on 6 routes in Assam
under the RCS UDAN Scheme (Regional Connectivity Scheme- Ude Desh ka Aam Naagrik).
• The new helicopter services will provide connectivity on the “Dibrugarh-Jorhat-Tezpur-Guwahati-
Tezpur-Jorhat-Dibrugarh” network.
Governor- Mangubhai Patel
Capital- Bhopal
3rd India & Lao FOC held in Vientiane, Lao; Signed MoUs for 5 QIPs
On July 27, 2023, the 3rd round of Foreign Office Consultations (FOC) between India and Lao People’s
Democratic Republic (PDR) was held in Vientiane, Lao PDR. The FOC was co-chaired by Saurabh Kumar,
Secretary (East), Ministry of External Affairs(MEA), India and Phoxay Khaykhamphithoune, Deputy Foreign
Minister, Ministry of Foreign Affairs, Lao PDR.
• During the 3rd India-Lao FOC, 5 Memorandums of
Understanding (MoUs) were signed between the 2
nations for the implementation of 5 Quick Impact Projects
(QIPs), in the fields of education, health, water facility and
Information Technology (IT).
Key Points:
i.Both sides reviewed the gamut of their bilateral relations, and
explored opportunities to enhance collaboration in areas like
development partnership, economic and trade ties, agriculture,
healthcare, education, defense, and heritage preservation.
ii.Discussions also covered mutual interests in regional and global issues, along with cooperation in
international forums such as the United Nations (UN), ASEAN (Association of Southeast Asian Nations), and
Mekong Ganga Cooperation.
• Indian side highlighted the cooperation extended by Lao PDR as Country Coordinator for the
Mekong Ganga Cooperation.
iv.India also reiterated its support to Lao PDR ‘s upcoming Chairmanship of ASEAN in 2024.
v.The next round(4th) of FOC will be held in New Delhi, Delhi (India) at mutually convenient dates.
vi.The 2nd FOC between India & Lao was held on 10th August 2015 in New Delhi, Delhi.
What are QIPs?
i.QIPs were introduced by the Government of India (GoI) during the 6th Mekong Ganga Cooperation (MGC)
Ministerial Meeting in New Delhi on September 4, 2012. These projects aim to benefit CLMV countries
(Cambodia, Lao PDR, Myanmar, and Vietnam. In this regard, India-CLMV QIPs Revolving Fund was
established with an initial annual contribution of US$1 million.
ii.Over time, the India-CLMV Revolving Fund has been revised twice.
• First, it was increased to US$1.25 million following the India-Cambodia Joint Statement in 2018.
• After the India-Vietnam Summit in 2020, the fund was further raised to the US$2 million.
iii.Each QIP project is limited to a cost of no more than US$50,000.
iv.The primary focus of QIPs is on undertaking short gestation, high visibility projects with a completion period
of up to one year.

About Lao People’s Democratic Republic (PDR):
Prime Minister– Sonexay Siphandone
Capital– Vientiane
Currency– Laotian Kip(Lao kip)
India’s Ambassador to Laos PDR– Prashant Agrawal
INDEX
RANKING
India stands at 126 rank out of 163 countries in the Global Peace Index
According to the 17th edition of the Global Peace Index 2023 released by international think-tank, the Institute
for Economics & Peace (IEP), India has ranked at 126th position by climbing nine positions from 2022. The list
is topped by Iceland.
• The ranking, which is based on 23 indicators
grouped into three criteria (societal safety and
security; extent of ongoing domestic and
international conflict; and degree of militarization),
shows 84 countries recording improvement and 79
showing deterioration.
Key Findings:
i. The 2023 Global Peace Index, which measures peace in 163
countries, found that violence costs the world USD17.5 trillion
in purchasing-power parity (PPP) terms, or 12.9% of total
global GDP. This means that each person on the planet is losing out on USD 2,200 in economic output because
of violence.
ii. The index also found that the level of global peacefulness has decreased for the 13th time in the past 15
years. This is due to a number of factors, including political instability, unresolved internal conflicts, and an
increase in violent crime.
Positive Trends:
i. The report found that the largest improvements in peacefulness occurred in North America and the Middle
East and North Africa region. North America’s improvement was mainly driven by Canada, which this year
gained two positions to 11th place in the index.
ii. Western Europe remains the world’s most peaceful region overall, with six placing among the top ten
countries, including the number one slot.
• Europe’s strength arises from its relatively low in internal conflict and political instability and high
socio economic development, buoyed by longstanding efforts to develop peaceful societies at home.
Peaceful societies are more prosperous and stable, much is required to sustain them. The report warns that
individuals have become more inflexible and politically polarised and less tolerant of dissenting views. This is a
troubling trend that could lead to further violence and instability in the years to come.
Rank Country
1 Iceland
2 Denmark
3 Ireland
4 New Zealand
5 Austria

126 India
Note: Iceland remains the most peaceful country in the world, a position it has held since 2008
The bottom five countries are – Democratic Republic of the Congo (159), South Sudan (160), Syria (161),
Yemen (162), and Afghanistan(163)
India’s position with respect to year 2022
India held the 135th position in 2022 with a score of 2.578, whereas in the current year it has improved to the
126th rank with a score of 2.314.
India’s position with respect to neighbours:
• India is listed as the 126th country on the list which is far behind few of her neighbours such as
Bhutan (17), Maldives (23), Nepal (79), China (80), Bangladesh (88), Sri Lanka (107).
• Countries like Myanmar (145) & Pakistan (146) are listed behind India.
THE Young University Rankings 2023 : Mahatma Gandhi University Secures Top among Indian
Universities
According to the Times Higher Education(THE) ‘Young University Rankings(YUR)-2023’ , Mahatma Gandhi
University (MGU), Kerala has emerged as top among Indian universities and secured 77 globally.Nanyang
Technological University, Singapore tops the list in 2023.
• The only three universities from India in the Top 100 World List are Mahatma Gandhi University, JSS
Academy of Higher Education and Research, Shoolini University of Biotechnology and Management
Sciences.
Indian Universities’ Performance
MGU followed by JSS Academy of Higher Education and Research, Mysore, Karnataka and Shoolini University of
Biotechnology and Management Sciences, Solan, Himachal Pradesh in top three positions among Indian
Universities.
• JSS Academy of Higher Education and Research, Mysore, Karnataka ranked 79 and Shoolini
University of Biotechnology and Management Sciences ranked 91st in the ranking list.
Key points:
i.A total of 45 Indian institutes were assessed in the THE Young University Ranking 2023 out of 605
universities globally .
ii.This category includes universities established in the past 50 years.For the first time, 13-year-old Shoolini
University has participated in these rankings.
iii.In the year 2022, out of 539 universities ranked globally, only 40 Indian institutions were on the list and JSS
Academy of Higher Education and Research topped the list.
LPU Ranks Ahead of 3 IITs in India
Lovely Professional University (LPU),Punjab placed in World’s Rank Band 251-300 in the ranking THE YUR
2023 list among the other universities created since 1973.LPU has surpassed three IITs, namely IIT Guwahati
and Bhubaneswar (ranked within the 301-350 band), as well as IIT Mandi (ranked within the 351-400 band).
• World University Rankings for Innovation (WURI)-2023 has recently acknowledged Lovely
Professional University (LPU) ahead of world’s top Harvard & Oxford universities, in one of its
global ranking lists.
• LPU secured an impressive 12th position in the global ranking list for the ‘Fourth Industrial
Revolution’ category, while Harvard, a renowned Ivy League university, was ranked 23rd, and
Oxford of the UK secured the 37th position.
• India’s National Institutional Ranking Framework (NIRF) Rankings 2023 has ranked LPU at 38th
among all government & private universities in the country.

The top 5 Indian Universities in ‘THE Young University Ranking 2023’ and their ranks and scores:
S.No University Rank
1 Mahatma Gandhi University 77
2 JSS Academy of Higher Education and Research 79
3 Shoolini University of Biotechnology and Management Sciences 91
4 Alagappa University 101-150
5 Indian Institute of Technology Indore 101-150
The top 5 Universities in ‘THE Young University Ranking 2023’ (Globally):

S.No University Rank
1 Nanyang Technological University, Singapore 1
2 The Hong Kong University of Science and Technology 2
3 Paris Sciences et Lettres – PSL Research University Paris 3
4 Hong Kong Polytechnic University 4
5 Erasmus University Rotterdam 5
The global ranking:

i.Hong Kong has three institutions in the top 10, while France is the most-represented country in the top
20(with five institutions in this group).
ii.Italy’s Humanitas University is the highest new entry in the ranking, in 29th place.
iii.Turkey leads as the most-represented nation with 47 institutions, followed by India with 45 and Iran with
39.
iv.Bangladesh, Ethiopia and Namibia are among the countries that make their debuts.
v.In the year 2022, 74 territories featured in the ranking list making it 78 in 2023.
vi.Australia is top-performing nation for first time in five years, while the United Arab Emirates(UAE) has
shown a greater rate of improvement.
Times Higher Education (THE) Young University Rankings 2023:
i.The Rankings for the year 2023 has been released on 3rd July 2023.
ii.The THE World University Rankings 2023 include 1,799 universities across 104 countries and regions.
iii.THE Ranking is based on the 13 performance indicators as the flagship THE World University Rankings.
iv.358 institutions are listed with “reporter” status(provided data but did not meet the eligibility criteria to
receive a rank).
v.The universities are judged across all their core missions – teaching, research, knowledge transfer and
international outlook – to provide the most comprehensive and balanced comparisons available.
About Times Higher Education:
First issue- October 1971
Headquarters- London, United Kingdom (UK)

Tamil Nadu becomes India’s Top Electronics Exporter of FY23 with the export worth USD5.37
billion
According to the Export data released by the government of India for FY23 (financial year ended in March
2023), Tamil Nadu (TN) becomes India’s leading exporter of Electronic goods in FY23, with exports reaching
USD5.37 billion (bn), nearly triple the export of FY22 (USD 1.86 bn).
• Tamil Nadu is followed by Uttar Pradesh (UP) in the 2nd place with export worth USD 4.90 bn and
Karnataka in 3rd place with USD 4.52 bn.
• For the 1st time, TN has overtaken UP, Karnataka and Maharashtra to top the list as India’s leading
exporter of electronic goods.
• Production from the companies like Tata Electronics and Pegatron helped TN to climb the top spot from
the 4th spot in FY22 in the electronics sector.
Note: In FY22, Karnataka topped the list with USD 3.87 bn; followed by UP with USD 3.77 bn; Maharashtra with
USD 2.08 bn.
Export data:
In FY 2022-23 India’s export of electronic goods were recorded at USD 23.57 bn, the share of TN in the total
export is 22.83%.
• Previously in FY22, India’s export of electronic goods were at USD 15.59 bn while TN’s share was
11.98%.
i. TN being the top electronics exporter, retained the top spot in the first two months of the current fiscal year
FY2023-24 followed by Karnataka and UP.
Table of India’s leading exporter of Electronic goods in FY 23:
Share of Share of
FY23 (in FY22 (in
India’s India’s
S.No. State USD USD
Export Export
billion) billion)
(in %) (in %)
1 Tamil Nadu 5.37 22.83 1.86 11.98
2 Uttar Pradesh 4.9 20.85 3.77 24.25
3 Karnataka 4.52 19.22 3.87 24.89
4 Maharashtra 2.68 11.41 2.08 13.39

Key Points:
i. Now in Tamil Nadu, there are over 15 leading electronics manufacturers, including Foxconn, Tata Electronics,
Salcomp and Pegatron.
Note: Tamil Nadu aimed to achieve a USD 100 bn electronics system design and manufacturing industry in the
next five years.
ii. TN continues to promote innovation, attract investments, and nurture entrepreneurship in the Electronic
sector.
iii. Strong industrial climate, availability of skilled/trained labour (especially women with high productivity),
good logistics connectivity of the Airport, reliable power supply, and robust supply chain of TN were the key
factors that contributed to its success in the electronics sector.

Henley Passport Index 2023: Indian passport ranks 80th; Gives Visa-Free Entry to 57
Countries
According to the Henley Passport Index 2023 (3rd quarter) released by Henley & Partners, a London-based
global citizenship and residence advisory firm, India ranked 80th by providing visa-free or visas on arrival
access to 57 countries.
• India ranked 87th in Henley Passport Index 2022.
• Singapore is the world’s most powerful passport with visa-free access to 192 travel destinations
out of 227 worldwide.
The top 5:
i.Singapore increased its score by 25, pushing it five places up the ranking over the past 10 years
to 1st position.
ii.The 2nd place is shared by 3 European countries Germany, Italy, and Spain with 190 visa-free destinations
iii.Japan, which held the top position for five consecutive years, dropped to 3rd place as the number of visa-free
destinations for its passport holders decreased to 189.
• It shares its position with Austria, Finland, France, Luxembourg, South Korea and Sweden.
iv.The United Kingdom, claimed 4th place(a position it last held in 2017) by rising 2 spots.
• It shares its position with Denmark, Ireland and Netherland.
v.The 5th position is held by Belgium, Czech Republic, Malta, New Zealand, Norway, Portugal and Switzerland
with visa-free access to 187 countries.
Country Rank Score
Singapore 1st 192
Germany, Italy, and Spain 2nd 190
Austria, Finland, France, Japan, Luxembourg, South Korea and Sweden 3rd 189
Denmark, Ireland, Netherlands and the United Kingdom 4th 188
Belgium, Czech Republic, Malta, New Zealand, Norway, Portugal and Switzerland 5th 187
Note: The United States(US), which once topped the ranking nearly a decade ago, slid two places to eighth
place.
The least in the index:
Afghanistan with a score of 27, Iraq 29 and Syria 30 stands at the bottom of the ranking, rounding out the three
weakest passports in the world.
Country Rank Score
Afghanistan 103rd 27
Iraq 102nd 29
Syria 101st 30
India’s rank ties with:
India’s current rank ties it with countries like Togo and Senegal.
Country Rank Score
India 80th 57
Togo 80th 57
Senegal 80th 57
• Indian passport holders still need a visa to enter 177 destinations across the world including China,
Japan, Russia, the United States, and the entire European Union.

HPI rankings:
i.The strength of the passports is evaluated on the basis of the total number of destinations that its holders can
travel visa-free.
ii.Henley’s Passport Index ranking tracks data from the International Air Transport Association (IATA)
updating the report every quarter.
Henley Openness Index 2023:
The Henley Openness Index (HOI) ranks all 199 countries and territories worldwide according to the number
of nationalities they permit entry to without a prior visa.
• India ranks 94th by scoring 4.
The HOI is a reverse calculation of the HPI, and is based on the data from the IATA.
About Henley & Partners:
Chief Executive Officer(CEO)- Dr. Juerg Steffen
Headquarters- London, United Kingdom(UK)
Established- 1997
Hurun Institute’s ASK Private Wealth Hurun India Future Unicorn Index 2023: Witnessed
slowdown in the Indian start-up ecosystem
On 27th June 2023, The Hurun Research Institute released the ASK Private Wealth Hurun India Future
Unicorn Index 2023, a ranking of India’s start-up ecosystems worth at least USD 200 million, and the new
additions in the unicorn list reveals a significant decline in 2023, indicating a slowdown in the Indian start-up
ecosystem. The cut-off date was 31 May 2023.
• In 2023, India added only three unicorn start-ups having a valuation of over USD 1 billion compared to
24 (turned Unicorns from the list) in 2022 pointed at a distinct slowdown.
• The important factor contributing to this decline is the drop in the Investor interest, also termed as
“Funding Winter”.
Note: This is an index of the most valuable private equity or venture capital (VC)-funded companies in India
founded after 2000, ranked according to their latest funding round valuation.
Classifications of the Start-ups:
i. Hurun Research Institute has classified start-ups as Unicorns (start-ups founded after the year 2000 with a
valuation of USD 1 billion); Gazelles (start-ups that are most likely to go Unicorn in the next 3 years), and
Cheetahs (start-ups that could go Unicorn in the next 5 years).
ii. The evaluation is based on regulatory filings, feedback from other entrepreneurs, and some of the active
India-focused VC funds and angel investors.
Index 2023:
i. To feature in the ASK Private Wealth Hurun India Future Unicorn Index 2023, the start-up is required to
have a minimum valuation of USD 200 million (Rs.1,650 crore).
ii. In 2023, Hurun Research found 147 (122 in 2022) Indian future Unicorns from 25 cities and they were set
up on average in 2015.
iii. The total number of Unicorns in India in 2023 is 83, and there were 51 gazelles, and 96 cheetahs, as against
84 unicorns, 51 gazelles, and 71 cheetahs in the 2022 index.
iv. Future Unicorns were seen disrupting financial services, healthcare, business management solutions and
education.
v. India’s future unicorns are currently worth USD 57 billion, with an increase of 16% as compared to 2022,
mainly driven by addition of new future unicorns to the list.

Table for Gazelles in the ASK Private Wealth Hurun India Future Unicorn Index 2023:
Total
Funding
Start-up
No. Company Year Founded Received
Sector
(in USD
million)
Ather Electric
1 2013 342
Energy Vehicle (EV)
Leap
2 2019 153 EdTech
Scholar
Quick
3 Zepto 2021 360
Commerce
In the 2023 index, the Gazelles listed 51 start-ups; they have collectively secured USD 9.6 billion.
Table for Cheetahs in the ASK Private Wealth Hurun India Future Unicorn Index 2023:
Total Funding
No. Company Received (in Start-up Sector
USD million)
1 Pepperfry 285 E-Commerce
2 Atlan 69 SaaS
3 Clear 140 FinTech

In the 2023 index, the 96 Cheetahs collectively secured USD 9.3 billion, leading with the E-commerce start-ups
with 17 representations, followed by SaaS with 14.
Note:
i. A total of 135 future unicorns were founded after the year 2010, of which only 10 of these Gazelles and
Cheetahs were founded.
ii. The slow-down in the economy has been tough for certain companies, with almost 20% of 2022’s Gazelles /
Cheetahs either dropping off the list or being downgraded.
Table for Top 3 Indian cities in the ASK Private Wealth Hurun India Future Unicorn Index 2023:
Cumulative
Rank No. of Main Valuation
City
(Change) Companies (Change) companies (USD in
million)
Ather
Bengaluru Energy,
1 (0) 53 (+6) 20,330
(Karnatak) Leap
Scholar

Smartworks,
2 (0) Delhi NCR 29 (+4) Square 11,290
Yards
Zepto,
Mumbai
3 (0) 19 (+3) InCred, 7,970
(Maharashtra)
Servify
Bengaluru (Karnataka) continues to be the start-up capital of India by being home to 53 probable unicorns.
Table for Top 3 sectors in the ASK Private Wealth Hurun India Future Unicorn Index 2023:
Cumulative
Rank Start-up No. of Valuation No. of No.
(Change) Sector Companies (Change) (USD in Gazelles of Cheetahs
million)
E-
1 (+1) 21 (+8) 7670 4 17
Commerce
2 (0) FinTech 21 (-7) 8750 11 10
3 (0) SaaS 20 (+9) 6990 6 14

Key Points:
i. Peak XV Partners, which was formerly known as Sequoia, is the biggest investor with stakes in 37 unicorns.
ii. Kaivalya Vohra (22), co-founder of Quick commerce start-up Zepto is the youngest cofounder in the index.
iii. The highest number of future unicorn founders are Indian Institutes of Technology (IIT) Kharagpur (West
Bengal) graduates with 24 founders, followed by those from IIT Delhi with 23 founders.
iv. The 147 companies featured in the index employ over 1.02 lakh people. A total of 18 companies dropped off
the list in 2022, but there were over 40 new additions and the overall funding to the start-ups on the list grew
by 6% to USD 18.8 billion.
About Hurun India:
Launched in- 2012
Founder and MD- Anas Rahman Junaid
SBI Ecowrap report: India set to become the world 3rd Largest Economy in 2027
According to the State Bank of India’s (SBI) economic research report Ecowrap dated on 27th July 2023, India is
set to become the world 3rd Largest Economy in 2027(Financial Year 2028) based on actual Gross domestic
product (GDP) data as on March 2023.
• India currently ranks 5th in the world’s largest economy, accounting for 3.4% of global GDP.
• As per the report, India will surpass both Japan and Germany in 2027 if it develops at the present
current rate of growth.
India’s GDP in FY24:
i.The report also states that India’s GDP is expected to grow
by more than 8% in the first Quarter of Financial Year 2024 (8.1-8.2%).
ii.It also predicted that India may surpass the 6.5% mark of overall growth (GDP)in FY24.

Top 5 Economies:
Nominal GDP
Rank Country (Billion in USD) Share (%)
United States of America
1 (USA) 25464 25.40%
2 China 18100 18.10%
3 Japan 4234 4.20%
4 Germany 4075 4.10%
5 India 3399 3.40%
Key points:
i.The incremental increase of USD 1.8 trillion estimated in the economy’s size between 2022-27 will be more
than the current size of the Australian economy.
ii.India is all set to touch $20 trillion by 2047 by adding 0.75 trillion USD in every 2 years.
• India’s global share in GDP will cross 4% by 2027.
iii.To achieve the 3rd place India needs to grow by CAGR of 8.4% till 2027 (in dollar terms). This translates into
11.0-11.5% nominal GDP growth per annum (in Rs
terms), which is achievable.
Comparison between 2014 and 2024:
i.The share of India’s GDP is now at 3.5%, as against 2.6% in 2014.
ii.It developed into the 5th largest economy from the 10th in 2014.
State-wise estimate:
i.Maharashtra and Uttar Pradesh set to break the $500 billion
mark in 2027 (or FY28).
ii.In 2027,the GDP size of major Indian states will be more than the size of some of the Asian and European
countries including Vietnam, Norway,Hungary,Qatar.
Estimation of top 3 States contributing to India’s GDP in FY28:
Estimated Size Estimated
State (Billion in USD) Share (%) Countries with equal size in 2027
Maharashtra 647 13% Vietnam
Uttar Pradesh 515 10% Norway
Tamil Nadu 426 8% Chile
About State Bank of India(SBI):
Chairman – Dinesh Kumar Khara
Established – 1 July 1955
REPORTS
MoS for Panchayati Raj Kapil Moreshwar Patil released Report on Panchayat Development
Index
On 28th June 2023, Kapil Moreshwar Patil, Minister of State (MoS) for the Ministry of Panchayati Raj(MoPR)
released the Report on Panchayat Development Index(PDI) during the National Workshop on PDI held at
Vigyan Bhawan, New Delhi, Delhi.
National Workshop on PDI:
Main focus:
i.To develop a strategic plan and roadmap for the integration of the Ministry’s portal /dashboard to build a data
ecosystem.

ii.Assess the schematic progress in alignment with LSDGs at Panchayat and institutional mechanisms for
implementation of the Panchayat Development Index with the active support of different Ministries /
Departments, Panchayats and Knowledge Partners
Participants:
Senior officials from various Ministries and departments, Principal Secretaries and officials from the
departments under the MoPR, Directors of SIRD&PRs, Senior Technical Officers of State NIC and Officials of
SDG Cell and other stakeholders participated in the national workshop.
About PDI Report:
i.PDI was formulated to evaluate different indicators responsible for ensuring targeted development in villages.
ii.PDI Report comes with 144 local targets, 577 local indicators and 688 data points on 9 themes of Localization
of Sustainable Development Goals (LSDGs), which aggregates the 17 Sustainable Development Goals(SDGs) of
the United Nations.
• The 9 themes include poverty-free and enhanced livelihood in villages, healthy villages, child-friendly
villages, water-sufficient villages, clean and green villages, villages with self-sufficient infrastructure,
socially just and socially secured villages, village with good governance, and women-friendly village.
iii.This will act as a statistical tool to measure and monitor the development at the panchayat Level.
iv.This will provide a baseline for Panchayat to set up local targets and local action points with measurable
indicators in preparation of the thematic Gram Panchayat Development Plan.
v.This will also help to reflect the current status of the Panchayats to take the required actions to achieve the
development goals by building institutional mechanisms.
Pilot PDI:
On a pilot basis, data from 4 districts (Pune, Sangli, Satara and Solapur) of Maharashtra were compiled.
i.The PDI ranks panchayats on the basis of scores and categorises them into different grades
• Panchayats with scores above 90% will be categorised as A+, 75 to 90% will be grade A, 60-75% will be
grade B, 40-60% will be grade C and below 40% will be grade D.
ii.Based on the pilot index,
• 70% of the panchayats in the 4 districts of Maharashtra are in Category C, while 27% are in B.
• Around 36% of panchayats fall in grade D and around 53% fall under grade D, in the case of water
sufficiency.
• 30% of panchayats are in grade B in being clean and green villages, and 30% in grade C when it comes to
being women-friendly.
Key points:
i.PDI Committee chaired by Jayashree Raghunandan, Former Additional Chief Secretary, Government of Tamil
Nadu, interacted with 19 States on their efforts to develop LIFs for implementation of LSDGs;
ii.During the workshop, MoS Kapil Moreshwar Patil presented the certificate of appreciation to the team of
Maharashtra for their significant contribution to PDI.
iii.The MoPR has also approved revamping the Rashtriya Gram Swaraj Abhiyan for implementation from 2022-
23 to 2025-26 with a focus on capacity building and training of elected representatives and functionaries to
strengthen the Panchayati Raj Institutions.
Background:
i.India is a signatory to the UN 2030 Agenda for achieving inclusive; people-centric and holistic Sustainable
Development through 17 SDGs.
NITI Aayog (National Institution for Transforming India) is the Nodal institution for the implementation of
SDGs in India.
ii.More than 70% Indian population resides in rural areas and the attainment of SDGs at the national level
requires actions at the grassroots level through Panchayati Raj Institutions.
iii.MoPR initiated a thematic approach by aggregating 17 SDG goals into 9 broad themes for LSDGs to empower
Panchayats & other stakeholders in rural areas.

Additional info:
i.MoPR is organizing the People’s Plan Campaign (PPC) for the preparation of the Gram Panchayat
Development Plan (GPDP) as ‘Sabki Yojana SabkaVikas’ throughout India.
ii.Gram Panchayats are directed to prepare a holistic Gram Panchayat Development Plan (GPDP) through the
lens of 9 themes.
About Ministry of Panchayati Raj(MoPR):
Union Minister– Giriraj Singh (Constituency- Begusarai, Bihar)
Minister of State– Kapil Moreshwar Patil(Constituency- Bhiwandi, Maharashtra)
WHO Report: Unsafe WASH responsible for death of 395K children under 5 in 2019
According to the World Health Organization (WHO) report titled Burden of disease attributable to unsafe
drinking water, sanitation and hygiene: 2019 update, among children under the age of 5, unsafe Water,
Sanitation and Hygiene (WASH) was responsible for 395 000 deaths and 37 million disability-adjusted life
years (DALYs). This represents 7.6% of all deaths and 7.5% of all DALYs in this age group.
• This also includes 273000 deaths from diarrhoea and 112000 deaths from acute respiratory
infections, top 2 infectious causes of death for children under 5 globally.
About the WHO Report:
i.The report provides the estimates of the burden of disease attributes to unsafe WASH for 183 WHO Member
states for the year 2019.
ii. The estimates are based on 4 health outcomes – diarrhoea, acute respiratory infections (ARIs),
undernutrition (protein-energy malnutrition (PEM)), and soil-transmitted helminthiases (STH).
• These are included in reporting of sustainable development goal (SDG) indicator 3.9.2 on mortality
attributed to unsafe WASH.
Key Highlights:
i.According to the report, half of the world’s population still does not have adequate access to drinking water,
sanitation and hygiene, which caused the death of at least 1.4 million people and 74 million DALY in 2019.
• About 771 million people lack access to safe water and 1.7 billion people don’t have a toilet globally.
ii. STHs affect an estimated 1.5 billion people or 24% of the world’s population.
iii. Diarrhoeal disease accounted for most of the attributable burden, with over one million deaths and 55
million DALYs.
iv. The second largest contributor was ARIs from inadequate hand hygiene, which was linked to 356 000
deaths and 17 million DALYs.
v. It was estimated that 10% of the burden of undernutrition, PEM among children under 5 could be
attributable to unsafe WASH, representing a total of 8,000 deaths and 825,000 DALYs in this age group.
vi. Data in the report showed, only 3% of countries had a formal policy or a plan in place with at least 75%
costing plan available to implement these policies.
vii. WHO African and South-East Asian Regions contributed to around 3 quarters of all WASH attributable
deaths, with 510,000 and 593,000 deaths respectively.
viii. Bangladesh, Indonesia, Mongolia, Pakistan and Sao Tome and Principe experienced the fastest progress on
access to basic hand hygiene services, with coverage increasing by more than 10% points between 2015 and
2020.
India Doubles its share of Global Commercial Services Exports to 4.4% in 2022: WB &
WTO Report
According to the report titled “Trade in services for development: Fostering sustainable growth and economic
diversification” co-published by World Bank (WB) and World Trade Organisation (WTO) India has doubled its
share of global commercial services exports to 4.4% in 2022 from 2% in 2005.
i.The report also stated that China has also doubled its share of global commercial services exports from 2005

to 2022, from 3% to 5.4%.
ii.The report was launched by the WTO Director-General, Dr Ngozi Okonjo-Iweala, and the World Bank
President, Ajay Banga, at an online event on 3rd July 2023.
Highlights:
i.China, Hong Kong, Singapore, and India are top exporters and importers of services, driving the trade
performance of developing economies.
ii.In India, South Africa and Türkiye, over 10% of services sector jobs are directly linked to cross-border
exports.
iii.Services value-added accounted for 51% of India’s total exports in 2018, reflecting reforms to attract foreign
direct investment (FDI).
iv.Global commercial services exports almost tripled from 2005 to 2022, fueled by Information and
Communications Technologies (ICT) advancements.
• Asia, Latin America, and the Caribbean, and the Middle East saw increased shares in commercial
services imports, while Africa, Europe, and North America declined.
v.Digitally delivered services exports reached $3.82 trillion in 2022, representing 54% of total global services
exports.
Key Points:
i.The export of computer-related services has significantly contributed to India’s economic growth.
ii.The IT (Information Technology) industry in India has been the leading generator of well-paid jobs over the
past decade.
• In India, 34% of the IT workforce is women.
• Female workforce participation in the BPO (Business Process Outsourcing) industry is much higher
than the national average i.e. 21%.
iii.India and the Philippines have become global leaders in computer services and BPO. However, they need to
upskill and reskill their workforces and invest in the development of their domestic services sectors,
particularly in terms of Research & Development (R&D).
India: A Popular Destination for Medical Travel
India has emerged as a favored medical travel hub, attracting approximately 3.5 million foreign patients
between 2009 and 2019.
• These patients come from developed countries like the United Kingdom (UK) and the United States
of America (USA), as well as developing countries such as Bangladesh, Nepal, and Sri Lanka, for
affordable yet high-quality treatment options.
i.According to the World Bank (WB) report “Striving for Clean Air: Air Pollution and Public Health in South
Asia,” concentrations of fine particulate matter (PM) like soot and small dust (PM 2.5) in some of South Asia’s
most densely populated and underdeveloped areas are up to 20 times higher than the World Health
Organization (WHO) threshold of 5 micrograms per cubic metre (μg/mʒ).
ii.According to the “Global Trade Outlook and Statistics” report released by the World Trade Organization
(WTO) the merchandise trade volume is expected to grow by 1.7% in 2023, up from October 2022 estimate of
1.0%.
About World Bank (WB) Group:
President– Ajay Banga
Financial Arms– 5: the International Bank for Reconstruction and Development (IBRD), the International
Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment
Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID)
Headquarters– Washington, DC, United States of America(USA)
About World Trade Organization (WTO):
Director-General– Okonjo-Iweala
Headquarters– Geneva, Switzerland

UNCTAD’s World Investment Report 2023: India and ASEAN top recipients of FDI
According to the United Nations Conference on Trade and Development (UNCTAD)’s “World Investment
Report 2023(WIR 2023): Investing in Sustainable Energy for All”, Foreign Direct Investment(FDI) in Asia’s
developing countries remained unchanged at USD 662 billion and India and Association of Southeast Asian
Nations (ASEAN) were the top recipients , with an increase of 10% and 5% respectively.
Asia accounted for more than 50% of the global FDI.
• The FDI increase in developing countries was unevenly shared and much of the growth was
concentrated in a few large emerging economies.
• India was among the five economies that accounted for almost 80 percent of the FDI flows to the
region. The four other economies were China, Singapore, Hong Kong(China) and the United Arab
Emirates(UAE).
• In South Asia, foreign direct investment (FDI) into India increased by 10 percent, reaching USD 49
billion. This rise in FDI made India the third-largest host country for greenfield project
announcements, and the second-largest for international project finance deals.Singapore was the
largest recipient of FDI in Southeast Asia region.
Key Points:
i.The 2023 report stated that the global flow of FDI declined by 12% to USD 1.3 trillion in 2022.
ii.The United States of America(USA) topped the list of top 20 host economies (FDI inflow) for 2022 with USD
285 billion. For the USA, FDI flow declined by 26% compared to 2021.
• In 2022, FDI flows to developed countries as a group fell by 37% largely in Europe and North
America.
iii.China, the 2nd largest FDI recipient in the world, witnessed an increase of 5%.
iv.In the Gulf region, the FDI declined but the number of project announcements increased by two third.
v.The FDI inflow was stagnant in several developing countries and the FDI to the least developed countries
(LDCs) also declined during the period.
vi.It is noted that FDI inflow in developing countries were comparatively higher than the FDI inflow in the
developed economies.
Findings of the Report:
i.WIR 2023 revealed that the annual investment deficit is widening in the developing countries as they work to
achieve the Sustainable Development Goals (SDGs) by 2030. The largest gaps are in energy, water and
transport infrastructure.
• The gap is now about USD 4 trillion per year, increased from USD 2.5 trillion in 2015.
ii.WIR 2023 calls for urgent support to developing countries to enable them to attract significantly more
investment for their transition to clean energy.
iii.The report also proposed a compact setting out priority actions, ranging from financing mechanisms to
investment policies, to ensure sustainable energy for all.
About World Investment Report 2023
i.World Investment Report 2023 provides the latest trends in global foreign direct investment, greenfield
investment projects, and international project finance.
ii.This report also includes a key review of investment needs at the midpoint of the 2030 Agenda for
Sustainable Development.
The report features,
• Analysis of the trends in FDI during 2022, with especial emphasis on the development implications.
• Ranking of the largest transnational corporations in the world.
• In-depth analysis of a selected topic related to FDI.
• Policy analysis and recommendations.
• Statistical annex with data on FDI flows and stocks at the country level.

According to the State of World Population (SOWP) 2023 titled “8 Billion Lives, Infinite Possibilities: the case
for Rights and Choices” published by the United Nations Population Fund (UNFPA), India overtakes China to
become the most populous nation in the world, the population of India has grown by 1.56% in the past year
and it is estimated to be 142.86 crore.
About United Nations Conference on Trade and Development (UNCTAD):
UNCTAD is an intergovernmental organization which promotes the interests of developing countries in world
trade.
Secretary-General– Rebeca Grynspan
India registers remarkable reduction in poverty with 415 million people coming out of it in 15
years: UN
The latest update of the Global Multidimensional Poverty Index (MPI) was released by the United Nations
Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at
the University of Oxford, United Kingdom(UK).
• As per it, a total of 415 million people moved out of poverty in India within just 15 years from
2005/2006 to 2019/2021 showing 55.1% decrease in 2005-06 to 16.4% in 2019-2021.
Assessment:
The analysis of trends from 2000 to 2022, focused on 81 countries with comparable data over time.
Indian Scenario:
i.In India, multidimensional poverty declined from 645 million people in 2005-2006 to 370 million in 2015-
2016, and further to 230 million in 2019-2021. Deprivation decreased across all indicators.
ii.The proportion of people multidimensionally poor and deprived of nutrition decreased from 44.3% in 2005-
2006 to 11.8% in 2019-2021, and child mortality fell from 4.5% to 1.5%.
iii.Those deprived of cooking fuel decreased from 52.9% to 13%, and sanitation deprivation decreased from
50.4% in 2005-2006 to 11.3% in 2019-2021.
iv.Multidimensional poverty and deprivation decreased in drinking water (from 16.4% to 2.7%), electricity
(from 29% to 2.1%), and housing (from 44.9% to 13.6%).
Global Scenario:
i.Over 18% of the global population (1.1 billion people) live in acute multidimensional poverty across 110
countries, with Sub-Saharan Africa and South Asia housing the majority of the poor.
ii.Two-thirds of all poor individuals (730 million people) reside in middle-income countries, highlighting the
need for action in these nations. Low-income countries, comprising just 10% of the MPI population, are home
to 35% of the poor.
iii.Half of the MPI-poor population (566 million) consists of children under 18, with a poverty rate of 27.7%.
Poverty predominantly affects rural areas, where 84% of all poor people live.
iv.25 countries, including India, have successfully halved their global MPI values within 15 years,
demonstrating the potential for rapid progress. These countries include Cambodia, China, Congo, Honduras,
India, Indonesia, Morocco, Serbia, and Vietnam.
i.According to the State of World Population (SOWP) 2023 titled “8 Billion Lives, Infinite Possibilities: the
case for Rights and Choices” published by the United Nations Population Fund (UNFPA), India overtakes China
to become the most populous nation in the world, the population of India has grown by 1.56% in the past
year and it is estimated to be 142.86 crore.
ii.The Ministry of Statistics and Programme Implementation (MoSPI) released its report titled ‘Women and
Men in India 2022’ which is 24th in a series. As per it, an average Indian woman, aged between 15 and
29 spends 5.5 hours doing unpaid labour. A man in that age group spends about 50 minutes a day doing work
that yields no money.

About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, United States
2023 WHO-UNICEF JMP report: Women, girls bear the burden of Water, Sanitation Crisis
According to the report by World Health Organization(WHO)- United Nations Children’s Fund (UNICEF) Joint
Monitoring Programme for Water Supply, Sanitation and Hygiene (JMP) titled “Progress on household drinking
water, sanitation and hygiene 2000-2022: Special focus on gender”, gloablly women and girls bear the burden
of drinking water, sanitation and hygiene (WASH) crises.
• Women and girls spend more than ten times as much time fetching water for households than men.
• Girls are nearly twice as likely as boys to bear the responsibility.
Note: This is the first in depth analysis of gender inequalities in WASH in household.
Gist of the report:
i.Globally, around 1.8 billion people live in households without water supplies on the premises.
ii.Women and girls(age 15 or above) are responsible for water collection in 7 out of 10 households without
water supplies on premises.
iii.Girls under 15 (7%) are also more likely than boys under 15 (4%) to fetch water.
iv.The report also noted that women and girls are likely to feel unsafe using a toilet outside of the home and
disproportionately feel the impact of lack of hygiene.
v.Around 500 million people across the globe share sanitation facilities with other households.
vi.According to a recent survey, 22 countries show that among households with shared toilets, women and girls
are more likely than men and boys to feel unsafe walking alone at night and face sexual harassment and other
safety risks.
Key Points:
i.According to the WHO Data, Globally, 1.4 million lives are lost each year due to inadequate water, sanitation
and hygiene.
• 2.2 billion people (1 in 4) lack safely managed drinking water at home.
• 3.4 billion people(2 in 5) lack safely managed sanitation.
• 2 billion people(1 in 4) cannot access soap and water at home to wash their hands.
Points to be noted:
i.Achieving universal access to WASH services by 2030 requires substantial progress and integrated gender
considerations.
ii.Sustainable Development Goal: SDG 6 – Ensure availability and sustainable management of water and
sanitation for all.
iii.The report highlighted that between 2015 and 2022,
• Household access to safely managed drinking water increased from 69 to 73%.
• Safely managed sanitation increased from 49 to 57%.
Basic hygiene services increased from 67 to 75%.
Ministry of Education releases report on Performance Grading Index 2.0 for States/UTs for
2021-22
On July 7, 2023, the Department of School Education & Literacy, Ministry of Education (MoE), released the
‘Performance Grading Index (PGI): 2.0: 2021-22: States & Union Territories‘ which assesses the performance of
school education system at the State/UT level by creating an index for comprehensive analysis.
• It should be noted that the PGI: 2.0 is the revised version of earlier ‘PGI – State structure for 2021-
22’.

What is the revision?
PGI – States/UTs was initially released for 2017-18 and has been updated until 2020-21. It focuses on
Governance Processes rather than quality indicators. However, to incorporate recent initiatives of the National
Education Policy (NEP) 2020, monitor Goal 4 of the Sustainable Development Goals (SDGs), and replace
achieved indicators, the PGI – State structure has been revised and renamed as PGI 2.0 for 2021-22.
• Therefore grades obtained by States/UTs in previous edition of the PGIs are thus not comparable
with this new edition.
How does PGI 2.0 assess?
In PGI 2.0, the sources data from Unified District Information System for Education Plus (UDISE+), National
Achievement Survey (NAS), Pradhan Mantri Poshan Shakti Nirman (PM POSHAN) portal, Project Appraisal,
Budgeting, Achievements and Data Handling System (PRABANDH) and Vidyanjali Portal.
• It should be noted that UDISE+ Systems initiated by Department of School Education and
Literacy covering more than 14.89 lacs of schools, 95 lacs of teachers and 26.5 crores of children
provides a platform to organize and classify all school data across India and build a credible
database from all recognized schools imparting formal education from Pre-primary to class XII.
Key Points:
i.The new PGI 2.0 structure covers 73 indicators, focused more on qualitative assessment, digital initiatives and
teacher education. It comprises of 1000 points across 73 indicators grouped into 2 categories viz., Outcomes,
Governance Management (GM).
• These categories are further divided into 6 domains, viz., Learning Outcomes (LO), Access (A),
Infrastructure & Facilities (IF), Equity (E), Governance Process (GP) & Teachers Education and
Training (TE&T).
ii.PGI 2.0 for 2021-22 classified the States/UTs into ten grades viz., highest achievable Grade is Daksh, which is
for State/UT scoring more than 940 points out of total of 1000 points. The lowest grade is Akanshi-3 which is
for score up to 460.
Aim of PGI 2.0:
i.To properly track the progress of States/UTs.
ii.To propel States & UTs towards undertaking multi-pronged interventions to bring optimal education
outcomes covering all dimensions.
To help States/UTs to pinpoint the gaps and accordingly prioritize areas which needs improvement.
PGI 2.0 Grades attained by various States/UTs in 2021-22
No of
Grades states/UTs States/ UTs attained the respective Grades
Daksh (941-
1000) NIL None
Utkarsh (881-
940) NIL None
Atti–Uttam
(821- 880) NIL None
Uttam (761-
820) NIL None
Prachesta– 1
(701-760) NIL None
Prachesta – 2
(641-700) 2 Chandigarh, Punjab
Prachesta – 3
(581-640) 6 Gujarat, Kerala, Maharashtra, Delhi, Puducherry, Tamil Nadu (TN)
Akanshi – 1 Andaman and Nicobar (A&N) Islands, Karnataka, Andhra Pradesh (AP),
(521-580) 13 Lakshadweep, Chhattisgarh, Madhya Pradesh (MP), Dadra and Nagar Haveli and

Daman and Diu (DNH & DD), Rajasthan, Goa, Sikkim, Haryana, West Bengal (WB),
Himachal Pradesh (HP)
Akanshi – 2 Assam, Nagaland, Bihar, Odisha, Jammu & Kashmir (J & K), Telangana, Jharkhand,
(461-520) 12 Tripura, Ladakh, Uttarakhand, Manipur, Uttar Pradesh (UP)
Akanshi – 3
(401-460) 3 Arunachal Pradesh (AP), Meghalaya, Mizoram
List of Top 5 States as per Scores:
State/UT Score Grade
Chandigarh 659 Prachesta-2
Punjab 647.4 Prachesta-2
Delhi 636.2 Prachesta-3
Kerala 609.7 Prachesta-3
Gujarat 599 Prachesta-3
Highlights:
i.None of the States/UTs has attained the highest Grade i.e., Daksh.
ii.The top-most grade attained in PGI 2.0 is Prachesta – 2. It was attained by only 2 States and UTs, namely
Punjab with score of 647.4 and Chandigarh (659.0).
iii.6 States/UTs joined Grade Prachesta – 3 (score 581-640), 13 States/UTs joined grade Akanshi -1 (score 521-
580), 12 States/UTs in grade Akanshi – 2 (score 461-520) and 3 States in grade Akanshi – 3 in PGI 2.0.
iv.Punjab and Chandigarh which are in Prachesta – 2, are ranked 21st and 35th respectively in terms of their
geographical size amongst States/UTs.
Key Points:
i.With approximately 14.9 lakh schools, 95 lakh teachers, and nearly 26.5 crore students from diverse socio-
economic backgrounds, the Indian Education System stands as one of the world’s largest.
ii.India adopted the Sustainable Development Goal 4 (SDG4) in 2015, aligning with the global education
development agenda.
• SDG4 aims to ensure inclusive and equitable quality education, as well as promote lifelong learning
opportunities for all by 2030.
i.Indian Institute of Technology Guwahati (IIT-G), Assam, has signed a Memorandum of Understanding (MoU)
with Samagra Shiksha, Assam, (SSA) under the Rashtriya Avishkar Abhiyan of MoE to develop scientific temper
and strengthen students’ ability to handle challenging environments.
ii.On 11th April 2023, Union Minister Dharmendra Pradhan, MoE, unveiled the digital version of the
Employability Skills Curriculum (ES) for students enrolled in India’s
Industrial Training Institutes (ITIs) at the Future Skills Forum in New Delhi, Delhi.
About Ministry of Education (MoE):
Union Minister– Dharmendra Pradhan (Constituency- Rajya Sabha, Madhya Pradesh)
Ministers of State– Annpurna Devi (Constituency- Kodarma, Jharkhand); Dr. Rajkumar Ranjan Singh
(Constituency-, Inner Manipur, Manipur); Dr. Subhas Sarkar (Constituency- Bankura, West Bengal)
Over half of world’s child trafficking victims trafficked within own country: Report by IOM &
FXB
The International Organization for Migration (IOM) and François-Xavier Bagnoud Center for Health and Human
Rights at Harvard University (FXB) released a new report titled ‘From Evidence to Action: Twenty years of IOM
child trafficking data to inform policy and programming‘.
• As per the report, half of child trafficking victims are trafficked within their own country.

• In cases of international trafficking, children are mostly trafficked to neighbouring, wealthier
countries.
This report, a first of its kind, is based on analysis of extensive, globally sourced data, using the IOM’s Victims
of Trafficking Database (VoTD). It analyzed primary data from more than 69,000 victims of trafficking of 156
nationalities, trafficked in 186 countries.
• VoTD is the largest available international database of individual victims of trafficking. 18.3% of
VoTs in the database were children.
The study assessed the factors that drive vulnerability to trafficking and revealed trends for the trafficking
were mostly gendered, informed by the education and income levels of the victims and their families.
Key Points:
i.The report highlights that child trafficking is a multifaceted and intricate issue that persists and transforms
across borders. It affects all ages, genders, and nationalities, making it a truly global phenomenon with no
immunity.
ii.Approximately half of the trafficked children, mostly boys, are subjected to forced labor across various
industries like domestic work, begging, and agriculture.
• Boys were almost twice as likely to be trafficked as children than girls. Boys had 39% likelihood of
being trafficked internationally than domestically, as compared to girls.
• Child victims reported being exploited in domestic work (14.5%), begging (10.2%), hospitality
(3.4%) and agriculture (3.3%).
• Female child victims are more likely to report sexual exploitation (30.3%) than male child victims
(7.3%).
iii.Another significant aspect is sexual exploitation, which impacts around 20% of trafficked children,
primarily girls, through activities such as prostitution, pornography, and sexual servitude.
iv.To effectively combat child trafficking, accurate and current data is crucial for evidence-based policy and
programming. However, the availability of actionable data is currently limited, and reaching child victims
through conventional surveys is challenging due to various factors.
India Achieved the Best-Performing Nation on UN Digital and Sustainable Trade Facilitation
Survey
According to the 5th edition of Survey on Digital and Sustainable Trade Facilitation by the United Nations
Economic and Social Commission for Asia Pacific’s (UNESCAP), India has emerged as the best-performing
country in the South Asian region in terms of trade facilitation.
• India has been positioned at the forefront of global trade facilitation efforts, with an impressive
score of 93.55% in 2023 vis a vis 90.32% in 2021 after evaluation of 160 economies(countries) and
60 trade facilitation measures.
India’s Performance on Trade Facilitation:
i.India has progressed by achieving a perfect score of 100% in four key areas;
• Transparency, Formalities, Institutional Arrangement and Cooperation, and Paperless Trade.
ii.India has shown improvement in the “Women in Trade Facilitation” component, increasing the score from
66.7% in 2021 to 77.8% in 2023.
• This indicates India’s commitment to gender inclusive and empowering women in the trade sector.
iii.The 2023 survey reveals that India has not made any notable implementation in terms of “Wildlife Trade
Facilitation.”
Previous year scores
Year Score
2015 63.44%
2017 67.74%

2019 78.49%
2021 90.32%
2023 93.55%
Trade facilitation score
Parameters 2023 2021
Transparency 100% 100%
Formalities 100% 95.83%
Institutional Arrangement and Cooperation 100% 88.89%
Paperless Trade 100% 96.30%
Cross-Border Paperless Trade 66.67%. 66.67%
Key points:
i.India’s continuous efforts towards improving the trade ecosystem for MSMEs(Micro, Small & Medium
Enterprises) has helped India in improving its score in UNTF(United Nations Trade facilitation) survey since
2017.
ii.The overall score of India has been greater than many developed countries including Canada, France, United
Kingdom(UK), Germany etc.
iii.India is the best performing country when compared with south and south-west Asia region(64.30%) and
Asia and the pacific region(66.76%).
Digital initiatives:
Indian Customs’ digital initiatives such as Single Window Interface for Facilitation of Trade (SWIFT), Pre-
Arrival data processing, and e-Sanchit, particularly Turant Customs which aims to create a paperless,
contactless, and faceless trade environment.
About Global Survey on Digital and Sustainable Trade Facilitation:
i.The survey covers WTO Trade Facilitation Agreement (TFA) with 60 trade facilitation measures categorized
into eleven sub-groups.
ii.The survey is fact-based rather than perception-based.
iii.A three-step approach to data collection and validation is generally followed over a 6-month period every 2
years.
About United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP):
Executive Secretary- Armida Salsiah Alisjahbana
Established- 1947
Headquarters- Bangkok, Thailand
UN Report: Global public debt hit record USD 92 trillion in 2022

On 12th July 2023, Antonio Guterres, the United Nations secretary-general (UNSG) launched “A world of debt.
A growing burden to global prosperity”, a new report from the UN global crisis response group and as per
the report nearly 40% of the developing countries in the World is in serious debt, as public debt reached a
record USD 92 trillion in 2022, which is five-fold since 2000.
• According to the report the Governments borrowed to country crises on development include the
COVID-19 pandemic, the cost-of-living crisis, and climate change.
• Some 3.3 billion people, almost half of humanity living in countries that spend more on debt interest
payments than on education or health.
• The report was jointly prepared by the UN Global Crisis Response Group, the United Nations
Conference on Trade and Development (UNCTAD), and the five United Nations Regional Economic
Commissions.

Developing Countries and Debt Burden:
i. Domestic and external debt worldwide has increased more than five times in the last two decades,
outstripping the rate of economic growth, with gross domestic product (GDP), which tripled at the same time
since 2002.
ii. Developing countries owe almost 30% of the total, of which roughly 70% is attributable to China, India and
Brazil.
iii. 59 developing countries are struggling a debt-to-GDP ratio above 60% – a threshold indicating high levels of
debt.Developing countries’ total public debt increased from 35% of GDP in 2010 to 60% in 2021. Similarly,
external public debt, the part of a government’s debt owed to foreign creditors, increased from 19% of GDP to
29% of GDP in 2021.
iv. The report also added that debt has been translating into a substantial burden for developing countries due
to limited access to financing, rising borrowing costs, currency devaluations and sluggish growth.
v. The net interest debt payments exceeding 10% of revenues for 50 emerging economies worldwide.
vi. Private creditors, such as bondholders and banks, represent 62% of developing countries’ total external
public debt.
vii. African countries on average, pay 4 times more for borrowing than the United States of America (USA) and
8 times more than the wealthiest European countries.
Controlling measures:
i. As per UN, multilateral lenders should expand their financing, with measures such as a temporary suspension
of International Monetary Fund (IMF) surcharges, commissions charged to borrowers using its credit lines
extensively and increased financing access for countries in debt distress.
ii. A debt workout mechanism is also needed to address the slow progress of the G20 Common Framework.
• The debt treatment framework was adopted by the Group of 20 major economies and official
creditors in October 2020, and aims to include non-Paris club members such as China in debt relief.
MoPR launched Action Taken Report Module of AuditOnline

Ministry of Panchayati Raj (MoPR) launched the Action Taken Report (ATR) Module of AuditOnline during a
virtual event presided over by Kapil Moreshwar Patil, Union Minister of State(MoS), MoPR. The module aims to
provide a more structured approach to the audit process, ensuring clarity on the actions taken in response to
audit findings.
• In order to achieve the accountability through audits the MoPR introduced the ATR Module aimed
towards increasing the online audit process and also promoting digital governance at the grassroots
level.
• The ATR Module of AuditOnline will enable Panchayats to become more accountable, efficient,
empowered and corruption-free, ensuring a seamless management and utilization of funds at Gram
Panchayat level across India.
• During the last two audit periods 2020–21 and 2021–22, states have generated over 200,000 Audit
Reports. As on date, 256,795 Panchayats have been registered; 2,103,058 observations have been
documented and 211,278 (~ 80%) Panchayati Raj Institutions (PRI) Audit Reports have been
generated for audit period 2021–22.
Note: On April 15, 2020, the MoPR launched the AuditOnline application to enable online audits of Panchayat
accounts and strengthen financial management and transparency.
Microplastics can alter Gut Microbiome, cause Intestinal Inflammation: FAO

The Food and Agriculture Organization (FAO) released a report titled ‘The Impact of Microplastics and
Nanoplastics on Human Health‘. As per it, Microplastics and nanoplastics significantly affect the gut
microbiomes of humans, animals, and the environment.

• The report highlights instances where changes in intestinal structure and gastrointestinal
functioning have been observed as a result of exposure to microplastics and nanoplastics. However,
the effects of exposure to other plastic chemicals on the gut microbiome remain largely unexplored.
• The report’s authors reviewed 146 articles on the subject.
Key Points:
i.Microplastics and nanoplastics have been found to affect soil microorganisms and permeate the entire food
chain.
ii.Research shows that exposure to plastic leads to intestinal inflammation and gut dysbiosis, affecting the gut
microbiome and microbiota in aquatic species, rodents, and humans.
iii.Microplastics found in water bottles and food items like sugar, honey, sea salt, and tea have been detected in
human lung tissue, placenta, stool, blood, and meconium.
iv.Microplastics (0.1 to 5,000 μm) and nanoplastics (0.001 to 0.1 μm) are widespread contaminants of growing
concern due to their potential impact on the environment, animals, and human health.
v.Physical abrasion of microplastic and its accumulation in the gut can make an organism feel ful,l resulted in
decreased food intake. This can eventually cause weight loss and changes in metabolism.
2023 UNAIDS Global AIDS Update: World can end AIDS by 2030
UNAIDS, the Joint United Nations (UN) Programme on Human immunodeficiency viruses (HIV)/Acquired
immune deficiency syndrome (AIDS), report titled “2023 UNAIDS Global AIDS Update – The Path That Ends
AIDS” highlights that there is a path to end AIDS by 2030 and it requires strong political leadership, following
the science, tackling inequalities and ensuring sustainable funding.
The report contains data and case studies which highlight that ending AIDS is a political and financial choice,
and that the countries and leaders who are already following the path are achieving extraordinary results.
Progress:
i.Progress in AIDS response has been strongest in the countries and regions such as in eastern and southern
Africa (that have the most financial investments), where new HIV infections have been reduced by 57% since
2010.
ii.Due to investment in ending AIDS among children, 82% of pregnant and breastfeeding women living with
HIV globally were accessing antiretroviral treatment in 2022, up from 46% in 2010. New infections among
children have fallen by 58 % during the same period, the lowest number since the 1980s.
iii. Funding for HIV found to be declined in 2022 from both international and domestic sources, and has fallen
back to the same level as in 2013.
• A total of USD 20.8 billion was available in 2022, and far short of the USD 29.3 billion needed by
2025.
iv. As per the update, in 2022, 1.3 million people became newly infected with HIV and 630,000 died from AIDS-
related illnesses.
Estimations from the update:
i. In 2022, an estimated 39 million people around the world were living with HIV and if it left untreated, it can
progress to AIDS.
ii. Countries/regions such as eastern Europe and central Asia, Middle East and North Africa encountered a
steep increase in new infections.
iii. It is primarily due to a lack of HIV prevention services for marginalised and key populations and the barriers
posed by punitive (intended as a punishment) laws and social discrimination.
iv. Several countries have removed harmful laws in 2022 and 2023, including Antigua and Barbuda, Barbados,
Cook Islands, Saint Kitts and Nevis, Singapore that have decriminalized same-sex sexual relations.
v. Whereas existing laws to protect the rights of vulnerable people have been strengthened in other countries
such as Central African Republic, Ghana, India, Kazakhstan, Kuwait, Spain.

NITI Aayog launches 2nd National MPI: India’s Multidimensionally Poor declines to 14.96% in
2019-2021
On July 17, 2023, the Vice-Chairman of National Institution for Transforming India (NITI) Aayog, Suman Bery
released the 2nd edition of NITI Aayog’s Report ‘National Multidimensional Poverty Index (MPI): A Progress
Review 2023‘.
• The report represents India’s progress in reducing multidimensional poverty between the two
surveys, National Family Health Survey [NFHS-4 (2015-16)] and NFHS-5 (2019-21).
• India has registered a significant decline of 9.89 percentage points in number of India’s
multidimensionally poor from 24.85% in 2015-16 to 14.96% in 2019-2021.
Assessment:
i.The broad methodology followed is in consonance with the global methodology of Alkire-Foster
methodology developed by technical partners, the Oxford Poverty and Human Development
Initiative (OPHI) and United Nations Development Programme (UNDP).
ii.The National MPI measures simultaneous deprivations across three equally weighted dimensions
of Health, Education, and Standard of Living that are represented by 12 Sustainable Development Goals
(SDGs) aligned indicators.
• These include nutrition, child and adolescent mortality, maternal health, years of schooling, school
attendance, cooking fuel, sanitation, drinking water, electricity, housing, assets, and bank accounts.
iii.It provided estimates for the 36 States and Union Territories and 707 Administrative Districts
Note: This index is an important tool that enables the country to track its progress towards the SDGs,
particularly SDG target 1.2, which aims to reduce poverty in all its dimensions.
• Its first edition launched in 2021.
Highlights:
i.There is Marked improvement across all the 12 indicators.
ii.Uttar Pradesh (UP) registered the largest decline in number of poor i.e. 3.43 crore people.
iii.The fastest reduction in the proportion of multidimensional poor was observed in the States
of UP, Bihar, Madhya Pradesh (MP), Odisha, and Rajasthan.
iv.However, Bihar, Jharkhand, Meghalaya, UP and MP (even after decrease) top the chart where the percentage
of total population who are multidimensionally poor is high.
v.Delhi, Kerala, Goa and Tamil Nadu have the least number of people facing multidimensional poverty along
with the Union Territories.
vi.The rural areas witnessed the fastest decline in poverty from 32.59% in 2015-16 to 19.28% in 2019-21.
vii.During the same period, the urban areas saw a reduction in poverty from 8.65% to 5.27%.
viii.Between 2015-16 and 2019-21, the MPI value has nearly halved from 0.117 to 0.066 and the intensity of
poverty has reduced from 47% to 44%.
ix.This decline showcases Central Government’s strategic focus on ensuring sustainable and equitable
development and eradicating poverty by 2030. This include Flagship programs like Poshan Abhiyan and
Anaemia Mukt Bharat, Swachh Bharat Mission (SBM), Jal Jeevan Mission (JJM), Pradhan Mantri Ujjwala Yojana
(PMUY), Saubhagya, Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Jan Dhan Yojana (PMJDY),
Samagra Shiksha, among others.
i.On April 13, 2023 the Atal Innovation Mission (AIM), NITI Aayog and the Ministry of Agriculture and Farmers
Welfare (MoA&FW) agreed to connect Atal Tinkering Labs (ATLs) with Krishi Vigyan Kendra (KVKs) and
Agricultural Technology Management Agency (ATMAs) under the initiative.
ii.NITI Aayog released a report titled “Promoting Millets in Diets: Best Practices across States/UTs of India”
which presents a collection of good and innovative practices adopted by state governments and organisations
in various aspects of the millet value chain.

About National Institution For Transforming India (NITI) Aayog:
Chief Executive Officer (CEO)– B. V. R. Subrahmanyam
Headquarters– New Delhi, Delhi
IEA in collaboration with PPAC of MoP&NG launched Oil 2023 medium-term market report
On 17th July 2023, The International Energy Agency (IEA), Paris(France)-based autonomous organization, in
collaboration with Petroleum Planning and Analysis Cell (PPAC) under the administration of Ministry of
Petroleum and Natural Gas (MoPNG) launched the Oil 2023 medium-term market report titled IEA Oil 2023
– Supply and demand dynamics to 2028 in Delhi for oil supply and demand.
• The Oil 2023 medium-term market report forecasts that based on current government policies and
market trends, global oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million
barrels per day (mb/d).
• India`s demand for energy is growing faster than any other major economy and is expected to grow
in all sectors due to favourable demographics supported by urbanization and industrialization.
Key People:
Pankaj Jain, Secretary, MoP&NG; Toril Bosoni, Head of Oil Industry and Markets Division, IEA.
Consumption of petroleum products in FY 2022-23:
i. The overall consumption of petroleum products in FY 2022-23 was at 223 Methylcyclopentadienyl
manganese tricarbonyl (MMT).
• The growth rate was about 12% over the previous year (FY 2021-22)
ii. This growth in the petroleum products has been influenced by growth in High Speed Diesel(HSD) at 12.1%,
the largest contributor with 85.9 MMT and Motor Spirit (MS)(petroleum) with 34.9 MMT consumption during
2022-23 at a growth rate of 13.4% 2021-22.
iii. The growth increased forward motion in the FY 2023-24 too and India is the World’s 4th largest refiner; has
the 4th largest liquefied natural gas (LNG) terminal capacity; 4th largest Auto market and also 3rd largest bio
fuels producer.
iv. The focus of India is on decarbonisation and it has already achieved 12% ethanol blending in Petrol and has
targeted for 20% blending by 2025.
IEA Oil Market Report (OMR) Analysis and Forecast:
i. The Oil 2023 medium-term market report finds that growth of global oil demand is set to decline, almost stop
by 2028.
• This is due to accelerated shift towards cleaner energy technologies for energy security concerns.
ii. In spite of robust demand from the petrochemical and aviation sectors, annual demand growth is expected to
decline from 2.4 mb/d in 2023 to just 0.4 mb/d in 2028.
iii. The expansion of electric vehicles (EVs), the growth of biofuels and improving fuel economy reduce
consumption is set to decline the use of oil after 2026 particularly in transport.
iv. However, some economies, notably China and India, will continue to register growth throughout the forecast
and India will surpass China as the main source of growth by 2027.
v. Biofuels are expected to provide 10% of new liquid fuel supply growth to 2028 and as per the report, biofuels
production expands nearly 600 kb/d (thousand barrels/day) from 2022 to 2028, with Brazil, Indonesia and
India combined accounting for 70% of this increase.
Global upstream investment:
i. IEA report assessed that global upstream investments in oil and gas exploration, extraction and production in
2023 are expected to reach their highest levels since 2015.
ii. Global upstream oil and gas investment is on track to increase by an estimated 11% in 2023 to USD 528
billion, compared with USD 474 billion in 2022.
iii. Oil producing countries outside the Organization of the Petroleum Exporting Countries (OPEC+) alliance
(non-OPEC+) dominate medium-term capacity expansion plans, with a 5.1 mb/d supply boost by 2028 led by

the United States of America (USA), Brazil and Guyana. Saudi Arabia, the United Arab Emirates (UAE) and Iraq
lead the plans for capacity building within OPEC+.
iv. This level of investment, if sustained, would be adequate to meet forecast demand in the period 2022-28
covered by the report. However, it exceeds the amount that would be needed in a world that gets on track for
net zero emissions.
About International Energy Agency (IEA):
Executive Director- Fatih Birol
Headquarters- Paris, France
Tamil Nadu tops NITI Aayog’s Export Preparedness Index 2022 for States/UTs
According to the Export Preparedness Index(EPI) 2022 for States and Union Territories(UTs), the 3rd edition of
the National Institution for Transforming India (NITI Aayog) report, Tamil Nadu has topped the Index with an
overall score of 80.89.
• Maharashtra with 78.20 at 2nd place, Karnataka with 76.36 at 3rd place and Gujarat with 73.22 at
4th place are the top performers in EPI 2022 in all categories of states.
• The report, which presents a comprehensive analysis of India’s export performance in FY22, was
released by Suman Bery, Vice Chairman of NITI Aayog, on 17th July 2023.
• The EPI 2022 was prepared by NITI Aayog in association with the Institute for
Competitiveness(IFC).
Note: The report highlights that Karnataka and Tamil Nadu have the highest number of Geographical
Indications (GI) products being exported.
About EPI:
i.The EPI 2022 Report evaluates the performance of the states across four pillars:
• Policy pillar.
• Business Ecosystem pillar.
• Export Ecosystem pillar.
• Export Performance pillar.
ii.These 4 pillars are further based on ten sub-pillars: Export Promotion Policy; Institutional Framework;
Business Environment; Infrastructure; Transport Connectivity; Export Infrastructure; Trade Support; R&D
Infrastructure; Export Diversification; and Growth Orientation.
iii.The index utilise 56 indicators that captures export preparedness of States and UTs in terms of exports at
both the state and district-level.
Highlights of TN’s Exports:
i.Kanchipuram, Chennai, Tiruppur have topped among the exporting districts of Tamil Nadu.
ii.Engineering goods is the top export of Kanchipuram. The district is also the leading exporters of Silk and its
finished products.
iii.The primary exports of Chennai includes petroleum products, engineering goods, and drugs and
pharmaceuticals.
iv.In terms of exports value, Tiruppur is ranked 22nd in India. The major exports of Tiruppur includes, raw
material exports, cotton products and handloom products.
TN’s Score Card:
i.TN’s enhanced performance across all 4 pillars has ensured its top position on the overall index.
ii.TN’s score across 4 pillars:
• Policy Pillar: 97.21
• Business Ecosystem Pillar: 88.84
• Export Ecosystem pillar: 73.68
• Export Performance pillar. 63.34

Highlights of EPI 2022:
i.According to EPI 2022, most of the coastal states of India have performed well.
ii.Haryana(63.65), Telangana(61.36) and Uttar Pradesh(61.23) are the top performers in landlocked states
category.
iii.Uttarakhand (59.13) has topped among Himalayan States followed by Himachal Pradesh, Manipur, Tripura,
Sikkim, Nagaland, Meghalaya, Arunachal Pradesh and Mizoram.
iv.Goa(51.58) has topped among Union Territories followed by Jammu & Kashmir(J&K), Delhi, Andaman and
Nicobar and Ladakh.
v.The report stated that among 680 districts, the top 100 districts contributes to around 87% of total exports of
India.
vi.Gujarat’s Jamnagar has toped the list of Districts followed by Surat, Mumbai Suburban, Mumbai, Pune,
Bharuch, Kanchipuram, Ahmedabad, Gautam Buddha Nagar and Bengaluru Urban.
• With 8 districts, Gujarat has the highest number of districts in the top 25 export districts in India.
Note: To promote export, 674 districts have formed a District Export Promotion Committee, and 557 have
formulated a District Export Action Plan.
On May 1, 2023, the NITI Aayog (National Institute for Transforming India) in collaboration with the United
Nations Development Programme (UNDP) released the ‘Best Practices in Social Sector: A Compendium,
2023’ which is a compilation of 75 initiatives of the Centre and the states/ Union Territories (UTs) in the
social sector.
About National Institution for Transforming India (NITI Aayog):
Chief Executive Officer (CEO)– B.V.R. Subrahmanyam
NITI Aayog Releases TCRM Matrix framework to drive Innovation and Entrepreneurship
The NITI Aayog (National Institution for Transforming India) has released the Techno-Commercial Readiness
and Market Maturity Matrix (TCRM Matrix) framework under the NITI Working Paper series titled “A NEW
LENS FOR INNOVATION IN NEW INDIA –Introducing The Techno-Commercial Readiness and Market
Maturity Matrix,” aimed at promoting Innovation and Entrepreneurship in India.
• The framework is a pioneering assessment tool designed to revolutionize technology evaluation,
foster innovation, and fuel entrepreneurship in India.
Key people:
The working paper is authored by Dr. V.K. Saraswat, Member, NITI Aayog along with Dr. Neeraj Sinha, Senior
Adviser, Naman Agrawal, Specialist, Ms. Naba Suroor, Associate and Siddhey G Shinde, Young Professional, NITI
Aayog.
Highlights:
i.The TCRM Matrix provides historical development of technology assessment framework, including the
Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level
(MRL) scales.
ii.The working paper offers practical guidelines for integrating the TCRM Matrix into India’s broader
innovation ecosystem, empowering policymakers, strategists, academics, and investors to drive positive
change.
iii.Its adoption requires comprehensive analysis and contextualization based on India’s unique national and
sectoral innovation landscapes.
iv.TCRM Matrix, a robust assessment tool, empowers stakeholders to make informed decisions, enhance
technology commercialization prospects, and position India as a global leader in innovation.

About NITI(National Institution for Transforming India) Aayog:
Chairperson- Narendra Modi (Prime Minister of India)
Chief Executive Officer(CEO)- B.V.R. Subrahmanyam
Established- 2015
UN Women and UNDP Launched the Report “The paths to equal: Twin Indices on Women’s
Empowerment and Gender Equality”
United Nations (UN) Women and United Nations Development Programme (UNDP) launched a report
titled The paths to equal: Twin indices on women’s empowerment and gender equality at the Women
Deliver 2023 Conference (WD2023) in Kigali, Rwanda, East Africa.
• The report highlights the global challenges faced by women and provides a roadmap for targeted
interventions and policy reforms.
The Women’s Empowerment Index (WEI) & The Global Gender Parity Index (GGPI):
The data is collected from 114 countries and have been analysed based on two new indices that offers a
comprehensive assessment of countries progress in achieving gender equality.
i.WEI measures women’s power and freedoms to make choices and seize life opportunities across five
dimensions: health, education, inclusion, decision-making, and violence against women.
• According to WEI on an average, women are empowered to achieve only 60% of their full potential.
ii.GGPI evaluates the status of women relative to men in core dimensions of human development, including
health, education, inclusion, and decision-making.
• The GGPI measured that women achieve 28 % less than men across key human development
dimensions.
iii.The twin indices also provide vital evidence needed for achieving the Sustainable Development Goals
(SDGs), including SDG 5 (“Achieve gender equality and empower all women and girls”).
Highlights of the report:
i.Less than 1%of women and girls live in countries with both high levels of women’s empowerment and high
gender parity.
ii.More than 90% of the world’s female population i.e 3.1 billion women and girls live in countries
characterized by a large women’s empowerment deficit and a large gender gap.
Outcome of the report:
Of the 114 countries analysed,
i.85 countries have low or middle women’s empowerment and low or middle performance in achieving gender
parity.
ii.More than half the countries in this group are in the high (21 countries) or very high human development
group (26 countries).
iii.No country has achieved full women’s empowerment or complete gender parity
About UN Women:
UN Women is the United Nations entity dedicated to gender equality and the empowerment of women.
About UNDP:
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate
change.
Telangana Govt & WEF Launched ‘Saagu Baagu’ Project Phase 1 Insights Report
On 20th July 2023, the government of Telangana & World Economic Forum (WEF) launches ‘Saagu
Baagu’(agriculture advancement) project Phase 1 Insights report in Telangana, Hyderabad. The project aims to
provide AI-based agritech services to farmers in Telangana.

• The WEF report showcases the successful implementation of the pilot project launched through
Artificial Intelligence for Agriculture Innovation (AI4AI) benefiting over 7,000 chilli farmers in
Khammam district in Telangana.
Note: AI4AI- a collaboration initiative between Telangana government and WEF.
Key people:
The launch was presided over by KT Rama Rao, Minister for ITE&C Government of Telangana; Palanivel
Thiagarajan, Minister for ITE&C, Government of Tamil Nadu; Jayesh Ranjan, Principal Secretary ITE&C
Department of Telangana; and other dignitaries of the WEF.
Implementation of the Project:
The project was initiated in 2022 and is implemented by Digital Green (in consortium with three agritech
startups) with support from the Bill & Melinda Gates Foundation.
About the Saagu Baagu project:
It is a partnership between the Government of Telangana, and the World Economic Forum’s Centre for the
Fourth Industrial Revolution (C4IR).
i.In phase I, the project includes AI-based advisories, soil testing, product quality testing, and e-commerce.
ii.In phase II (from 2023) the Telangana government plans to expand additional agritech services to 20,000
chili and groundnut farmers in three districts and to introduce Digital public infrastructure.
iii.In Phase III (by 2025), the goal is to reach 1,00,000 farmers in Telangana.
iv.The project is an example of agriculture value chain transformation by focusing on easing agritech services
delivery to the end customer through administrative and policy support and through digital public
infrastructure, including its “Agriculture Data Exchange” and “Agritech Sandbox”.
About Telangana:
Chief Minister- K. Chandrashekar Rao
Governor- Dr. Tamilisai Soundararajan
Capital- Hyderabad
AWARDS & RECOGNITIONS

Mary Kom Named Global Indian Icon of 2023 at 5th UK-India Awards 2023
On 29th June 2023, Former Rajya Sabha member and India’s first-ever Olympic medallist in women’s
boxing, Mary Kom (40 years old) has been honoured with the India Global Forum (IGF) United Kingdom(UK)
Special Award: Global Indian Icon of the Year award (2023) at
the 5th annual UK -India Awards (2023) held in Fairmont Windsor
Park, Windsor, UK.
• She received the award from Indian High Commissioner to the
UK Vikram Doraiswami and shared her remarkable 20-year
journey filled with dedication and unwavering commitment to
the sport of boxing.
The event was organised by India Global Forum (IGF) as a part of the
UK-India Week 2023 held from 26th to 30th June 2023.
• The event was hosted by Rory Bremner, Britain’s celebrated comedian and impressionist.
UK-India Awards:
UK -India Awards honours and recognises the outstanding contributions of those who drive the UK-India
partnership, including leaders in business, professional services, government, culture and social impact.
Other Noted Winners:
i.Indian filmmaker Shekhar Kapur, nominated for Oscar for his film “Elizabeth: The Golden Age”, was
honoured with “IGF UK Special Award: Lifetime Contribution to UK-India Relations”. The award recognised his
contributions to cinema in both countries.

ii.The Indian High Commission’s cultural arm, the Nehru Centre in London, UK, received the IGF UK Special
Award: Significant Contribution. The award recognised the centre’s contribution towards the growth and its
efforts to popularise Indian culture in the West.
iii.The Federation of Indian Chambers of Commerce & Industry (FICCI – UK) was honoured with the “Business
Promotion Organisation of the Year(2023)” award.
Other Winners at 5th UK-India Awards 2023:
• Market Entrant of the Year – CrowdInvest
• Consultancy of the Year – SannamS4
• Legal Practice of the Year – Cyril Amarchand Mangaldas
• Financial Services Organisation of the Year – ICICI Bank UK Plc
• Technology Company of the Year – Mphasis
Social Impact Project of the Year – Action Aid UK
King Charles and Queen Camilla Give Environmental Award to Indian Conservationists
On 28th June 2023, Britain’s King Charles III and Queen Camilla presented the prestigious Elephant Family
environmental award to Indian conservationists at the 2023 Animal Ball, Lancaster House, London,United
Kingdom(UK) to recognise contributions to protecting Asian wildlife.
• Kartiki Gonsalves,Filmmaker documentary ‘The
Elephant Whisperers,’ received the Tara Award.The
Elephant Whisperers’, which won the 2023 Academy
Award/Oscar Award for Best Documentary Short
Film.
• The Real Elephant Collective (TREC)-a wildlife
conservation group from India, consisting of 70 Adivasi
artists, was honoured with Mark Shand Award.
Key points:
i.The debut director of ‘The Elephant Whisperers’ Kartiki
Gonsalves was recognised for extraordinary achievements in storytelling and advocacy for coexistence,
received elephant statuette as the award.
ii.TREC was conferred the award for their five-year meticulous work in creating the CoExistence Herd of
intricate sculptural representations of wild elephants.
About TREC:
i.TREC in the Nilgiri Hills, Tamil Nadu works with indigenous communities to present intricate sculptural
representations of wild elephants.
ii.The sculptures, made from the invasive weed lantana camara, provide livelihood opportunities for Adivasi
(indigenous) communities while contributing to the removal of this harmful weed from protected areas.
The Elephant Whisperers:
The film explores connection between humans and elephants through the heartwarming story of Raghu, an
orphaned elephant from the same herds depicted in TREC’s sculptures.
Animal ball 2023:
i.The year 2023 marks the 20th anniversary of wildlife conservation charity Elephant Family, established by
Mark Shand in 2003(Queen Camilla’s late brother).
ii.This year’s annual Animal Ball was a celebration of indigenous communities, hosted by the Elephant Family
in partnership with the British Asian Trust.
WB President Ajay Banga named in 2023 list of Great Immigrants

Ajay Banga, Padma Shri awardee and the President of the World Bank, has been named among the 2023
annual list of “Great Immigrants”, that honours individuals who have strengthened the United States of America

(USA) through their contributions. The list is curated by Carnegie Corporation of New York, the USA, a
philanthropic organisation.
• Ajay Banga, became the first-ever Indian American to lead the World Bank in June 2023 and he is the
only honouree from India in 2023 list of ‘Great Immigrants.
2023 Great Immigrants:
i. In honour of Andrew Carnegie, a Scottish immigrant and the founder
of the Carnegie Corporation of New York, the corporation in every 4th
of July celebrates the exemplary contributions of immigrants to
American life.
ii. In 2023, the Corporation honours 35 individuals from 33 countries
whose contributions and actions have enriched and strengthened the
society and democracy of the USA.
iii. In 2023, the Corporation highlighted the work of immigrants who have promoted opportunities for others
through their work as educators, mentors, philanthropists, job creators, public servants, storytellers, and
advocates.
Note: Every 4th of July is celebrated as the Independence Day of the USA.
About Ajay Banga:
i. He started his career in India and spent 13 years at Nestle India and 2 years at PepsiCo.
ii. Before joining the World Bank, Ajay Banga was the Vice chairman at General Atlantic.
iii. He is also a co-founder of the Cyber Readiness Institute and served as vice-chair of the Economic Club of
New York, the USA.
iv. He also served as the Chief Executive Officer (CEO) of Mastercard.
v. He was the Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-
2022.
vi. He was honoured with the Padma Shri in 2016 for his contributions in the fields of trade and industry.
Highlights of the 2023 Event:
2023 honorees include:
• Ke Huy Quan, Vietnamese-born Academy Award-winning actor.He won the 2023 Oscar for Best
Supporting Actor in ‘Everything Everywhere All At Once’.
• Pedro Pascal, Chilean-born actor;
• Ngozi Okonjo-Iweala, Nigerian-born Director-General of World Trade Organization;
• Ted Lieu, Taiwan born US Congressman and so on.
British Children’s Writer Michael Rosen honoured with PEN Pinter Prize 2023
British children’s writer and performance poet, Michael Rosen(77 years old), has been awarded the PEN
Pinter Prize 2023. He will receive the award in a ceremony co-hosted by the British Library on 11 October
2023.
Michael Rosen is known for making poetry accessible to children through his work and performances. His
themes are often social, political and ethical.
• Some of Rosen’s most well-known books include You Can’t Catch Me (1982), which won the Signal
Poetry Award; You Wait Till I Am Older Than You (1996), Rover (2007), Fantastic Mr Dahl (2012, on
Roald Dahl’s writing life).
About PEN Pinter Prize:
i.The PEN Pinter Prize was established in 2009 in memory of playwright Harold Pinter, who won the Nobel
Prize in Literature in 2005.
ii.The Prize is awarded annually to a writer resident in the United Kingdom(UK), the Republic of Ireland, the
Commonwealth or former Commonwealth who is committed to the fearless exposition of truth.
• The PEN Pinter Prize is shared with an International Writer of Courage winner selected by
English PEN’s Writers at Risk Committee in association with the winner.

GAIL accredited with Authorised Economic Operator (AEO) T3 Status
On 23rd June 2023, Gas Authority Of India Limited (Gail (India) Limited), a Maharatna – central public sector
undertaking (CPSU) accredited with Authorised Economic Operator (AEO) T3 Status which is a highest level of
facilitation for Importers & Exporters by Central Board of Indirect Taxes and Customs, Ministry of Finance.
• AEO is a programme run by the World Customs Organisation (WCO)SAFE Framework (2005) of
Standards to secure and facilitate global trade, it aims to improve international supply chain
security, facilitate the flow of genuine goods, and increase the ease of doing business in India.
Benefits of AEO Certification:
i.In 2016 the ACP (Accredited Client Programme) and AEO (Authorized Economic Operator) merged
into a combined three-tier AEO programme which awards certificates to importers and exporters based on
three levels of accreditation, namely AEO T1, AEO T2, and AEO T3, with AEO T3 being the highest degree of
accreditation and providing the most benefits.
• The AEO Programme was introduced as a pilot project in 2011.
ii.The holder of an AEO-T3 certificate would be granted greater ease of import and export of their
consignments, more than AEO T1 and AEO T2 holders.
iii.AEO-T3 certificate holders will have the facility that their containers will not be selected for scanning at the
ports and borders, except on the basis of specific intelligence.
iv.AEO-T3 certificate holders are not required to provide a bank guarantee. However, it should be noted that if
the competent body has ordered the provisional release of seized goods, the option of no bank guarantee will
not be available.
About World Customs Organisation (WCO):
The World Customs Organisation (WCO), formerly known as the Customs Co-operation Council (CCC), is an
autonomous intergovernmental organisation whose aim is to improve the effectiveness and efficiency of
Customs administrations.
Secretary General –Kunio Mikuriya
Member countries – 185
Headquarters – Brussels,Belgium.
AIFF Awards 2022-23: Lallianzuala Chhangte, Manisha Kalyan named Footballers of the Year
On 4th July 2023, the All India Football Federation (AIFF) announced the winners of AIFF annual awards for
the season 2022-23.
Lallianzuala Chhangte, an Indian Men’s Football Player from
Mizoram, was named the AIFF Men’s Footballer of the year 2022-
2023 for the first time and Manisha Kalyan, an Indian Women’s
Football Player from Punjab, was named AIFF Women’s Footballer
of the Year 2022-23 for the 2nd time.
• Previously, Manisha Kalyan won the award for the 2021-
22 season. She became only the third Indian female
footballer to win the individual award two or more times
after Bala Devi (three) and Bembem Devi (two)
• Lallianzuala Chhangte became the second player from Mizoram, after Jeje Lalpekhlua (2016), to win
the AIFF Men’s Player of the Year award.
About Lallianzuala Chhangte:
i. Lallianzuala Chhangte (26 years old) plays for the Indian National football team as winger and represents
Mumbai City Football Club(FC) in the Indian Super League (ISL).
ii. During the international season 2022-2023, he represented India in 12 matches and scored 2 goals and
provided assists for 1.
iii. He was a part of the Indian team that won the South Asian Football Federation (SAFF) Championship 2023

held at Sree Kanteerava Stadium in Bangalore, Karnataka.
iv. He scored 18 goals and provided 9 assists in a total of 32 matches across all competitions in the last season.
This included 16 goal contributions (10 goals, six assists) for Mumbai City FC in ISL.
v.He scored two goals and provided an assist in the Hero International Cup 2023, and was awarded with the
Man of the Match in the final against Lebanon.
Note:Previously, he won the Footballer Players Association of India (FPAI) Player of the award for 2022-23
season.
About Manisha Kalyan:
i. She plays as a Forward for Apollon, a first-division football club in Cyprus and the India women’s national
team.
ii. She became the first ever Indian to play in the Union of European Football Associations (UEFA) Women’s
Champions League 2022.
iii. In her 17 league appearances for Cypriot First Division club Apollon, she scored 6 goals and aided the team
to win the Cypriot First Division title along with the Cypriot Women’s Cup title.
Winners of AIFF Awards 2022-2023:
AIFF Awards 2022-23 Winners
AIFF Men’s Footballer of the year 2022-23 Lallianzuala Chhangte
AIFF Women’s Footballer of the year 2022-23 Manisha Kalyan
AIFF Men’s Emerging Player of the year 2022-23 Akash Mishra
AIFF Women’s Emerging Player of the year 2022-23 Shilji Shaji
AIFF’s Men’s Coach of the Year 2022-23 Clifford Miranda
AIFF’sWomen’s Coach of the Year 2022-23 Priya Parathi Valappil
MoHFW won Kreta Vikreta Gaurav Samman Samaroh 2023 award

On 26th June 2023, the Department of Health and Family Welfare under the Ministry of Health and Family
Welfare (MoHFW) received the winner of Kreta Vikreta Gaurav Samman Samaroh, 2023 in Highest Single-
Bid Procurements in the 2022-23 fiscal category.
• The event was organised by Government e-Marketplace (GeM) under the Ministry of Commerce and
Industry at Vanijya Bhawan New Delhi, Delhi.
• Rajiv Wadhawan, Advisor, Department of Health and Family Welfare, MoHFW received the award
from Piyush Goyal, Minister of Textiles, Commerce and Industry.
• MoHFW has taken the lead in achieving the Government of India’s (GOI) Make in India and obtaining
through the GeM.
Note: These awards aim to celebrate those who share the vision of a transparent, inclusive and efficient public
procurement landscape in India.
IAU named Minor Planets after Aswin Sekhar, 1st Indian meteor astronomer, & 3 other
Scientists
The International Astronomical Union (IAU) through its Working Group Small Bodies Nomenclature (WGSBN)
named Minor Planets after 4 Indians namely Aswin Sekhar, India’s prominent meteor astronomer from
Kerala, Ashok Kumar verma, an Indian astrophysicist, Kumar Venkataramani, an Indian astronomer
and Rutu parekh, planetary geologist from Gujarat.
This honour was conferred at the Asteroids, Comets, Meteors (ACM) Conference 2023, held in Arizona, the
United States of America (USA), from June 18-23, 2023.
Aswin Sekhar is the first professional meteor astronomer from India in modern times.

Minor Planets:
i. Minor planets are small celestial bodies within the solar system
that are orbiting the sun. These include the asteroids, Pluto and
other icy worlds beyond Neptune, and a diverse host of other
bodies.
ii. Ceremonial naming system and Non-ceremonial naming system
are the 2 types of naming systems for the Minor Planets.
iii. The Minor Planets named after the 4 Indians are: 2000LJ27
named after Aswin Sekhar; 2000HD73 named after Rutu parekh;
2000SM362 named after Kumar Venkataramani; 2001FG122 named
after Ashok Kumar Verma
About Aswin Sekhar:
i. AswinSekhar was born in 1985 in Ottapalam, Kerala.
ii. He is currently affiliated with the Paris (France) Observatory which comes under the Ministry of science,
technology and education, government of France.
iii. He was a solar system dynamicist at Centre for Earth Evolution & Dynamics (CEED), University of Oslo,
Norway for the Crater Clock Project funded by the Research Council of Norway.
iv. The IAU honoured him, as an international association of professional astronomers, at the Doctor of
Philosophy (PhD) level and beyond.
v. He has made important contributions to the field of meteors in meteoroid stream dynamics, particularly in
the effects of relativity and resonances in meteoroid streams.
About Ashok Kumar Verma:
He is a senior flight dynamics engineer at the National Aeronautics and Space Administration (NASA) Goddard
Space Flight Center in Maryland, the United States of America (USA).
About Kumar Venkataramani:
He is an astronomer at California Institute of Technology (CalTech) in California, the USA, specialising in
spectroscopic observations of comets and asteroids.
About Rutu Parekh:
i. She is a planetary geologist studying icy surfaces on various celestial bodies, including Mars.
ii. She is currently serving as a post-doctoral researcher at NASA’s Jet Propulsion Laboratory (JPL) in the USA
Coal India Limited received ‘The Rising Star Award’ by GeM

Coal India Limited (CIL), a Maharatna Public Sector Unit (PSU) under the Ministry of Coal has been honoured
with the “Rising Star Award” in appreciation of its outstanding efforts to enhance procurement through the
Government e-Marketplace (GeM) portal in the fiscal FY 2022–23.
• Piyush Goyal, Union Minister for Textile, Commerce and Industry, Consumer Affairs, Food, and
Public Distribution, presented the award to CIL.
• Anupriya Patel, Minister of State (MoS) for Commerce and Industry and Prashant Kumar Singh, Chief
Executive Officer (CEO) GeM, were also present at the event.
Note: GeM or e-Marketplace, launched in 2016, is a 100% Government owned National Public Procurement
Portal for different goods & services procured by Government Organisations / Departments / PSUs.
Bajaj Allianz Life Insurance Wins Insurer Innovation Award 2023 at the World’s Digital
Insurance Awards
Bajaj Allianz Life Insurance Co. Ltd, has won the Insurer Innovation Award 2023 for the Asia Pacific(APAC)
region at The World’s Digital Insurance Awards . The award was presented to recognise Bajaj Allianz Life’s
ground-breaking WhatsApp Conversational Platform which empower customers to digitally service their
policies.

• TDI – The Digital Insurer, hosted the 8th edition of the World’s Digital Insurance Awards to
showcase some of the most innovative projects in the insurance industry.
The WhatsApp Conversational Platform:
Bajaj Allianz Life Insurance developed an customer BOT to self-serve and resolve queries while also offering
real-time human live agent support to its sales and distribution channels as well as employees.
i.In the last 3 years, 86% of Bajaj Allianz Life’s active customer base has opted for WhatsApp servicing.
ii.12% of total service transaction volumes are handled by the WhatsApp Business Platform.
iii.2.4 lac customers interact with the BOT monthly to fulfill their policy requirements.
About Bajaj Allianz Life Insurance:
i.Bajaj Allianz Life Insurance is one of India’s leading private life insurers began its operations from August
2001. It is headquartered in Pune, Maharashtra.
ii.It is a joint venture between Bajaj Finserv Limited, a non-banking financial institutions in India, and Allianz
SE, world’s leading global insurer and asset manager.
4 Indian Origin Women features on Forbes’ America’s Richest Self-Made Women 2023
4 Indian Americans, Jayshree Ullal, President and Chief Executive Officer (CEO) of Arista Networks, Neerja
Sethi, co-Founder of Syntel, Neha Narkhede, co-founder of Confluent, and Indra Nooyi, former chair and CEO of
PepsiCo, were featured on the 2023 America’s Richest Self-Made Women, 9th edition of Forbes’ annual ranking
of the United States of America (USA)’s most successful women entrepreneurs, executives and entertainers.
• Jayshree Ullal is ranked 15th with net worth of USD 2.2
billion, Neerja Sethi, is ranked 25th with net worth of
USD 990 million, Neha Narkhede is ranked 50th with net
worth of USD 520 million and Indra Nooyi is ranked
77th with net worth of USD 350 million
• The combined net worth of these 4 women stands at
USD 4.06 Billion.
The list is topped by Diane Hendricks, Chairman and founder of ABC
Supply Co., Inc. (ABC), for the 6th consecutive year, with net worth
of USD 15 billion.
Diane is followed by Judy Love and Family, Chairman And CEO, Love’s Travel Stops And Country Stores, with
USD 10.2 billion and Judy Faulkner, Founder and CEO of Epic Systems with USD 7.4 billion.
Four Women of Indian Origin:
JayshreeUllal:
i. She has been president and Chief Executive Officer (CEO) of the publicly-traded networking company, Arista
Networks since 2008 and owns about 2.4%, which recorded revenue of nearly USD 4.4 billion in 2022.
ii. She is also on the board of directors of Snowflake, a cloud computing company that went public in September
2020.
NeerjaSethi:
i. She co-founded Information Technology (IT) consulting and outsourcing firm Syntel with her husband Bharat
Desai in 1980 in their apartment in Troy, Michigan (USA).
ii. In 2018, they sold it to French IT firm Atos SE for USD 3.4 billion.
Neha Narkhede:
i. In 2014, she co-founded left to found Confluent along with her two LinkedIn colleagues, which helps
organisations process large amounts of data on Apache Kafka.
ii. The USD 586 million (2022 revenues) company went public in June 2021 at a USD 9.1 billion valuation; She
owns around 6%.
iii. In March 2023, she announced her new company, fraud detection firm Oscilar, where she is the co-founder
and CEO.

IndraNooyi:
i. She retired as PepsiCo’s CEO in 2018 and as chair in 2019, after 24 years with the company.
ii. She joined the board of Amazon in 2019 and grew up in India. She joined scandal-plagued Deutsche Bank’s
new Global Advisory Board in November 2022.
Key Highlights:
i. Shonda Rhimes, American Television Producer and Daphne Koller, CEO, Insitro, whose firm is using AI to
develop drugs more quickly, are among the 8 newcomers.
ii. Forbes valued individual assets including stakes in public companies using stock prices from May 12, 2023 to
compile net worths.
iii. Forbes valued private companies by consulting with outside experts and conservatively comparing them
with public companies.
Forbes World’s Most Influential CMOs List 2023: Sumit Virmani of Infosys ranked 41
Sumit Virmani, chief marketing officer (CMO) of Infosys (India) is ranked 41st on the The Forbes World’s Most
Influential CMOs List 2023, which recognises the 50 Most Influential CMOs in the World.
• The 2023 list was announced on 6th July 2023 at a special luncheon at the Carlton Hotel in Cannes,
France.
• The list is topped by William White, CMO of Walmart (United States of America) and is followed by
Marcel Marcondes, Global CMO of Anheuser-Busch InBev (Belgium) in the 2nd and Conny Braams,
Chief Digital and Commercial Officer of Unilever (England) in the 3rd.
About Sumit Virmani:
i. He joined Infosys in 2004, and took the roles of Executive Vice President (EVP) and Global Chief Marketing
Officer in 2019.
ii. He is now overseeing market research, business alliances and development, direct marketing, and market
strategy.
iii. At the beginning of 2022, Infosys was named the fastest growing IT Services brand in the world.
iv. At the end of March 2023, Infosys reported quarterly revenue growth of over 6% Year on Year.
Key Highlights:
i. Indian origin Asmita Dubey, Chief Digital & Marketing Officer, L’Oreal is at 21 on the list.
ii. Forbes Hall of Fame created in 2022 recognizes Morgan Flatley, Global CMO at McDonald’s, into the Forbes
CMO Hall of Fame 2023.
Note: She is the only one chief-marketer and had made the list 4 times previously and was thus the only CMO
eligible for inclusion in the 2023 Hall of Fame class.
About Forbes:
Forbes is a media and publishing company.
Founded in- 1917
CEO- Mike Federle
Headquarters- Jersey City, New Jersey, the United States of America (USA)
34th International Biology Olympiad held at Al Ain, UAE; India tops medal tally with 4 Golds
India won 4 gold medals and topped the medals tally at the 34th International Biology Olympiad (IBO
2023) held at the United Arab Emirates University (UAEU) in Al Ain, United Arab Emirates (UAE), from 3rd to
11th July 2023.
• For the first time, all the students (4) representing India won the gold at the IBO.
• Besides India, Singapore has also won 4 gold medals at IBO 2023.
Note: Around 293 students from 76 countries participated in the IBO 2023 and a total of 29 gold medals were
awarded at the IBO 2023. The number of gold medals will be limited to approximately 10 % of the number of
participants.

Organizers:
The 34th IBO was hosted by the UAE and organised by the Ministry
of Education, UAE in partnership with the UAEU.
The Winners:
The following students from India emerged as the gold medal
winners:
Students City/ State
Dhruv Advani Bengaluru, Karnataka
Ishan Pednekar Kota, Rajasthan
Megh Chhabda Jalna, Maharashtra
Rohit Panda Risali, Chattisgarh
Key Points:
i.The above team was led by Prof. Madan M. Chaturvedi (Former Senior Professor, Delhi University-DU);
and Dr Anupama Ronad from Homi Bhabha Centre For Science Education- Tata Institute of Fundamental
Research (HBCSE, TIFR) in Mumbai, Maharashtra; and two Scientific Observers: Dr V. V. Binoy (National
Institute of Advanced Studies (NIAS), Bengaluru); and Dr Rambhadur Subedi (National Institute for Research
in Reproductive and Child Health (NIRRH), Mumbai).
ii.Earlier, India has topped the medals tally in Astronomy & Astrophysics (in 2008, 2009, 2010, 2011, 2015 and
2021), Physics (in 2018) and Junior Science (in 2014, 2019, 2021, and 2022).
iv.The 35th IBO will be held in Astana, Kazakhstan in 2024 as UAE handed over the official flag and trophy of
the IBO to Kazakhstan during the closing ceremony which was attended by His Excellency Dr. Ahmed Belhoul
Al Falasi, Minister of Education, UAE.
About IBO:
The IBO, an association responsible for organizing the world’s leading biology competition for secondary
school students, aims to identify, inspire, empower, and support the future leaders in the field of life sciences
while fostering their international network.
How can one participate?
To participate in the IBO, students must first become one of the top four students in their National Biology
Olympiad (NBO). NBOs typically conduct 3-5 progressively challenging rounds to select participants for the
IBO. During the IBO, students are required to take part in both theoretical and practical exams.
NLC India Ltd has been declared the Winner of the GeM Award for 2023
NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, has been declared the Winner of
the Government e-Marketplace (GeM) award for the year 2023 in “Timely Payments (CPSEs)” category for
promoting and encouraging business activities through e-Market.
• K Mohan Reddy, Director (Planning and Projects), received the award on behalf of NLCIL from
Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution &
Textiles.
i.NLCIL registered and on-boarded in GeM portal in the year 2017.
ii.It’s growth in GeM procurement started at Rs 2.21 crore during the year 2018-19 and the company has now
registered an impressive growth of Rs 984.93 crore during the year 2022-23.
Note: GeM is dedicated e-Market service platform, a National public procurement portal, for selling and buying
of different goods and Services.
Union Minister Kishan Reddy Confers Global Incredible Inc Leadership Award
On 16th July 2023, Kishan Reddy, the Union Minister of Tourism, Culture and Development of Northeast Region
(DoNER) conferred the ‘Global Incredible Inc Leadership Award’ from the U.S.India SME Council.

• US India SME Council bestowed his efforts to promote tourism and India’s rich culture.
• It was presented by the president and chief executive
officer(CEO) of U.S. India SME Council, Inc. Elisha B.
Pulivarti.
About US India SME Council:
i.US India SME Council is a Nonprofit, Membership, and Premier
Business Advocacy Organization, based in Washington DC, the
United States of America (USA).
ii.It is an organisation to serve the Small to Medium Business
Enterprises (SMBEs) in the USA and India.
iii.It will promote trade, commerce, and people-to-people exchange programs between the United States &
India.
HLPF on economic, social and environmental sustainability on tourism
On 14th July 2023, Kishan Reddy attended the United Nations World Tourism Organisation (UNWTO) High-
Level Political Forum (HLPF) on economic, social and environmental sustainability on tourism in the capacity
of G-20 Tourism Chair at the UN headquarters in New York, the United States of America (USA).
• The 2023 UN HLPF theme was “Accelerating the recovery from the coronavirus disease and the
full implementation of the 2030 Agenda for Sustainable Development at all levels”.
• At the meeting, Kishan Reddy delivered a keynote address and discussed India’s progress on the
2030 Agenda for Sustainable Development and SDGs.
About the meeting:
i.The HLPF side event organised by the Ministry of Tourism and Sport of the Republic of Croatia in
collaboration with the UNWTO with support of the Ministry of Tourism of India as the Chair of the G20 Tourism
Committee Presidency.
ii.The aim of the meeting is to demonstrate how multilateral, governmental, corporate, and academic
collaborations are actively contributing to tourism’s potential in reaching the Sustainable Development Goals
(SDGs).
15th Edition of International Eni Award honours IIT-M Professor

On 17th July 2023, Eni, an Italian integrated energy company, announced the names of the winning researchers
and scientists of the 15th edition of the Eni Award.Thalappil Pradeep, professor in the Department of
Chemistry from the Indian Institute of Technology, Madras (IIT Madras), has been awarded the Advanced
Environmental Solutions Award, which is dedicated to research for the protection and sustainable use of
natural resources.
• The prize is composed of a gold medal, a citation and a
cash component and the award is set to be presented by
the President of Italy in the near future.
Professor Thalappil Pradeep’s contribution:
i. T. Pradeep’s work on affordable clean water using advanced
materials has gained recognition. He made groundbreaking
discoveries in sustainable nano-scale materials that effectively
remove toxic contaminants from water.
ii. His research on pesticide removal has positively impacted
millions of people. Moreover, his team has successfully developed ‘water-positive’ materials that can
effectively eliminate toxic contaminants like arsenic, uranium, and others from water.
Other Honours:
i. T. Pradeep joins the ranks of distinguished previous awardees, including Nobel laureates such as Sir Harold
W. Kroto, Alan Heeger, and Theodor Wolfgang Hänsch, along with Prof. C.N.R. Rao(Indian Chemist), a recipient
of the Bharat Ratna Award in 2014.

ii. He also received other recognition such as with Padma Shri(2020), Prince Sultan
Bin Abdulaziz International Prize(2022), Nikkei Asia Prize(2020),
Shanti SwarupBhatnagar Prize(2008).
About Eni Awards:
i. Established in 2007, the Eni Award is a globally recognized platform for groundbreaking research in the
realms of energy and the environment. The coveted distinction of the Eni Award stems from its stringent award
criteria and the esteemed selection committee, which comprises Nobel laureates among other distinguished
experts.
ii. The Eni Awards are divided into three categories: Energy Transition ,Energy Frontiers, and Advanced
Environmental Solutions.
About Eni:
• Eni, established in 1953, is a comprehensive energy company operating in 69 countries worldwide.
They focus on providing fully decarbonized products, balancing both environmental and financial
sustainability.
• Headquartered in Italy, Eni effectively contributes to the fulfilment of the United Nations’
Sustainable Development Goals (SDGs) within the 2030 Agenda.
Additional Info:
• The esteemed accolades in the first category were bestowed upon Yu Huang from the University of
California (Los Angeles, USA) and Jeffrey R. Long from the University of California (Berkeley, USA).
• The second category’s laureate was Matthew Rosseinsky from the University of Liverpool (UK).
French government presented Chevalier award to Indian Musicians Aruna Sairam & Shashank
Subramanyam
On 15th July 2023, the Government of France presented the title of Chevalier (Knight) de l’Ordre des Arts
et des Lettres (Order of Arts and Letters) awards to Aruna Sairam, a Padma Shri awardee and Carnatic
vocalist, and Shashank Subramanyam, flautist for their contributions in connecting France and India through
their music.
The award Ceremony was held at the National Day of the French
Republic celebrations in Chennai, Tamil Nadu.
Ordre des arts et des lettres:
i. It is an Order of France established by the Minister of Culture in
1957 and confirmed as part of L’ordre National du Mérite by
President Charles de Gaulle in 1963.
ii. It is the most significant arts-specific honour conferred by the
Government of France that honours personalities who have made
significant contributions to the music field, arts, literature and the
cultural and artistic legacy of Indo-France relations.
iii. The award is given at three levels: Commandeur (Commander), Officier (Officer), Chevalier (Knight).
About Aruna Sairam:
i. ArunaSairam, born in 12th May 1960 in Mumbai, Maharashtra is regarded as the Music Ambassador of India.
ii. ArunaSairam is recipient of several awards including the Padma Shri for Arts in 2009 and the
SangitaKalanidhi by the Music Academy in 2018.
iii. She was also elected as the Vice-Chairperson of the Sangeet Natak Akademi.
iv. ArunaSairam has also received the United States of America (US) Congress Proclamation Award of
Excellence in 2008.
v. She received The “Kalaimamani” by the Government of Tamil Nadu in 2006.
About Shashank Subramanyam:
i. Shashank Subramanyam, born in October 14, 1978 in Rudrapatna, Karnataka.
ii. He was awarded the SangeetNatakAkademi Senior Award by Government of India for the year 2017.

iii. He was nominated for the Grammy for the album Floating Point with John McLaughlin in 2009.
iv. He received the Kalaimamani award from the Tamil Nadu Government in the year 2001.
President Murmu presents Bhoomi Samman awards 2023

On 19th July 2023, the President of India, Droupadi Murmu presented the Bhoomi Samman 2023 awards to 9
State Secretaries and 68 District Collectors along with their teams for achieving saturation of the core
components of Digital India Land Records Modernization Programme (DILRMP) – the core of Governance.
• The awards were given to Assam, Bihar, Chhattisgarh,
Gujarat, Jharkhand, Madhya Pradesh, Odisha, Tripura
and West Bengal at a function organised by the Union
Ministry of Rural Development in Vigyan Bhawan,
New Delhi, Delhi.
• Union Minister of Rural Development and Panchayati
Raj is Giriraj Singh.
• Out of 766 districts in the country, 68 districts have
won ‘Platinum Prize’ in six categories under the
DILRMP.
• The event is extremely significant for Revenue and Registration functionaries of the State who
would receive the “Bhoomi Samman” for the first time in the last 75 years for their outstanding
performance.
19 districts of Odisha wins platinum awards of DILRMP:
i.Odisha was presented “Bhoomi Samman” award as best state in implementing and meeting all the parameters
of DILRMP.
ii.19 districts of Odisha who won platinum award under six different categories by attaining 100 % objectives
of DILRMP are Angul, Boudh, Bargarh, Bhadrak, Deogarh, Dhenkanal, Gajapati, Ganjam, Jagatsinghpur, Jajpur,
Kendrapada, Keonjhar, Khordha, Koraput, Nabarangpur, Nayagarh, Nuapada, Rayagada, and Sambalpur.
• The districts were represented by their concerned Collector/Additional District Magistrates(ADM).
iii.Satyabrata Sahu,the Additional Chief Secretary to the Government of Odisha along with other officials from
the Revenue & Disaster Management Department, represented the Odisha Team.
i.Odisha has become a leading state in digitization of land records and public services through the
implementation of 5T and ‘Mo Sarkar’ regulations.
ii.Digital India Land Records Modernization Programme (DILRMP) was launched by the Union Ministry of
Panchayati Raj in August 2008 for the digitization of land records.
iii.The target of DILRMP is to achieve digitization of more than 94 per cent of land records, with completion
expected before the deadline of March 31, 2024.
Note: DILRMP aims at reducing the court cases involving land disputes and effective implementations of
various welfare schemes of the government.
J&K Rural Livelihoods Mission bagged SKOCH Award under “State of Governance India 2047” in
Gold Category
The UMEED Programme of Jammu and Kashmir Rural Livelihoods Mission (JKRLM) bagged the SKOCH
Award under the theme “State of Governance India 2047” in Gold category in District Governance for its
outstanding efforts in creating marketing avenues for Self-Help Groups (SHGs) in the Union Territory. JKRLM
received the SKOCH Award for the first time since the establishment of the scheme.
• This recognition is for the hard work and dedication of JKRLM for empowering women and
promoting entrepreneurship in rural areas and creating marketing opportunities from district level
to national level platforms.

• Indu Kanwal Chib, Misssion Director of JKRLM, who received the award introduced several
initiatives including Umeed Women’s Haat, and District
Rural Haat, SHG products available on e-commerce
platforms like Meesho, Flipkart and Amazon etc.,
• SKOCH award, one of the highest honors in the field of
governance, finance, and technology, which recognizes
organizations that have made significant contributions to
the socio-economic development of communities through
innovative initiatives.
• Some of the notable 2023 SKOCH Award Winner of Gold Winner’s List
2023 SKOCH Award Winner for Gold Winner
1.Union Prerna – Union Bank of India.
SKOCH Award Winner for Gold Category in 2.Naari Shakti – Telangana Grameena Bank
Banking, financial services and insurance (BFSI) 3. Financial Reporting – State Bank of India
SKOCH Award Winner for Gold Category in Supply Chain Management System strengthening and
Finance & Revenue Extension – Maharashtra State Excise Department
SKOCH Award Winner for Gold Category in Forest
under Expansion, Consolidation and
Improvement of wildlife habitat Kaziranga National Park & Tiger Reserve,Assam
SKOCH Award Winner for Gold Category in Urban MMRDA e-Tendering Portal – Mumbai Metropolitan Region
Developmentary Development
SKOCH Award Winner for Gold Category in Child Labour Tracking System (CLTS) – Labour Resources
Labour Department, Government Of Bihar
1. e-Vivechna App – State Crime Records Bureau, PHQ
Bhopal M.P.
SKOCH Award Winner for Gold Category in E- 2.e-Mitra – Department of Information Technology &
Governance Communication (DoIT&C), Government of Rajasthan
1.BANGLASHREE – A new incentive scheme for Micro, Small
&Medium Enterprises. – Directorate of Micro, Small &
Medium Enterprises, Government of West Bengal
2.Hastkala Setu Yojana – Commissionerate of Cottage and
SKOCH Award Winner for Gold Category in Ease Rural Industries
of Doing Business 3.Nivesh Sarathi – Invest UP
SKOCH Award Winner for Gold Category in Mukhya Mantri Doodh Uphaar Yojna – Women & Child
Women & Child Development Development Department, Haryana
Department of Public Enterprises, Ministry of Finance,
SKOCH Award Winner for Gold Category in E- Government of India for Online Dashboard for MoUs of
Governance Central Public Sector Enterprises
1. Rail Vikas Nigam Limited( RVNL) Excellent Physical and
Financial Performance of Rail Vikas Nigam Limited.
SKOCH Award Winner for Gold Category in Public 2. Bharat Electronics Limited for Response To Covid
Sector Undertaking Pandemic Wave-1
1.Mukhyamantri Grameen Pey-Jal Nischay Yojana –
Panchayati Raj Department, Govt. of Bihar.
2.SHG Bank Linkage – Society for Elimination of Rural
Poverty, Andhra Pradesh.
SKOCH Award Winner for Gold Category in Rural 3.Streenidhi – Society for Elimination of Rural Poverty,
Development Andhra Pradesh
SKOCH Award Winner for Gold Category in Power
& Energy APTRANSCO of Andhrapradesh

Odisha PVTG Nutrition Improvement Programme(OPNIP) –
SKOCH Award Winner for Gold Category in Odisha PVTG Empowerment & Livelihoods Improvement
Minority Affairs Programme(OPELIP)
SKOCH Award Winner for Gold Category in Police
& Safety Kaaval Karangal – Greater Chennai Police
SKOCH Award Winner for Gold Category in
Environment – Vehicle Location tracking
system(VLTS) for Hazardous waste
transportation Gujarat Pollution Control Board
Moksha Roy, 7-year-old Indian-origin wins UK PM’s Points of Light award

On 13th July 2023, Moksha Roy, a 7-year-old Indian-origin girl from Hertfordshire, the United Kingdom (UK)
has been awarded the UK Prime Minister’s (PM) Points of Light Award as Sustainability Champion for
volunteering for several sustainability initiatives including raising funds for children in need for United Nations
International Children’s Emergency Fund (UNICEF).
• She has been the world’s youngest Sustainability
Champion, who started advocating for the United Nations
(UN)’s Sustainability Development Goals (SDGs)
initiative against micro-plastic pollution at the age of 3.
• The initiative was supported by the Archbishop of
Canterbury, a bishop of superior rank, who is ‘primate of
All England and the UN task force.
Note: She received the award from Oliver Dowden, Deputy PM, the
UK.
Achievements of Moksha Roy:
i. She attempts to educate over 1 billion children and their families about micro-plastic pollution and how to
prevent it by her work, including to children in 24,000 UK schools and colleges.
ii. She wrote letters to the world leaders at the age of 5 and urged them to introduce the UN SDGs into the
school curriculums to ensure children can learn about the UN SDGs to act on crucial issues ranging from climate
change, gender equality and plastic pollution.
iii. She has also assisted in educational sessions for deprived school children in India and has provided
messages at events, including at Conference of the Parties (COP)27.
Awards/Honours:
In 2022, she has been awarded the British Citizen Youth Award (BCyA) in recognition of exceptional positive
impact on society and as an inspiration to others.
About UK Points of Light Award:
i. The Points of Light first established by George H. W. Bush (Former President of the United States of America
(USA)) in 1990.
ii. In April 2014, UK Points of Light was launched, it was developed in partnership with the US programme.
iii. The award is presented to outstanding individual volunteers who are making a change in their community.
Ministry of Coal won “Best Engagement” Award for Procurement through GeM Portal
Ministry of Commerce and Industry awarded the Ministry of coal under the “Best Engagement” category for its
achievements on e- procurement through Government e Marketplace (GeM).
The Ministry has consistently performed well on the GeM portal for 2 consecutive financial years.
Key Points:
i. During the financial year 2023-24, the Coal Public Sector Undertakings (PSUs) have showed a steady
confidence in GeM by publishing bids worth Rs. 21,500 crore.
ii. This participation shows the Ministry of Coal’s commitment to promoting a digital-first approach and its

proactive role in leading the adoption of advanced technologies for the benefit of all stakeholders.
iii. During the period 10th to 16th July 2023, high value tenders worth Rs.5,372.60 crore have been published
on GeM portal.
iv. As on 17th July 2023, this financial year stands at Rs 3,909 crore by the actual procurement facilitated
through GeM.
v. Within a span of 100 days in current financial year (2023-24), the Ministry of Coal has surpassed 2022’s
target of Rs. 4000 crore. Currently it is Rs. 3909 crore.
Other Awards:
1. Coal India Limited (CIL) has been awarded “Rising Star” by GeM.
2. NLC India Limited (Formerly Neyveli Lignite Corporation Limited) has been awarded in the
“TimelyPayments (Central Public Sector Enterprises CPSEs)” category through GeM.
Mumbai’s 169 yr old Byculla Railway Station won 2022 UNESCO Asia Pacific Award for Cultural
Heritage Conservation
On 24th July 2023, India’s oldest railway station (169-years-old) Byculla railway station in central Mumbai,
Maharashtra received the 2022 United Nations Educational, Scientific and Cultural Organization (UNESCO) Asia
Pacific Awards for Cultural Heritage Conservation (Award of Merit). The award was presented by Ashwini
Vaishnaw, Union Minister of Railways.
• The recognition comes after 5 years of restoration activities
of the railway station started in 2018
• The award was announced in November, 2022.
Key Points:
It is to be noted that the restoration work was taken care by 3 women
namely
i.Shaina Nana Chudasama, Member of Parliament(MP) through her
Non Government Organisation (NGO) ‘I love Mumbai’
ii.Abha Narain Lambah, Conversation Architect and Historic Building Consultant
iii.Minal Bajaj of Director of Jamnalal Bajaj Foundation
Note: Shaina Nana Chudasama holds a record in the Guinness Book of World Records for fastest saree drape
About Byculla railway station
i.Byculla railway station was built in 1852
ii.One of the original stations on the Thane-Bombay rail network that was inaugurated in 1853
Additional Info:
Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) won the highest Award of excellence in the 2022
UNESCO Asia Pacific Awards for cultural heritage conservation.
About United Nations Educational, Scientific and Cultural Organization (UNESCO)
Headquarters – Paris, France
Members – 195 countries
Odisha’s Naveen Patnaik has Become the 2nd Longest-Serving CM in India

On 22nd July 2023, Odisha Chief Minister (CM) & Biju Janata Dal (BJD) president, Naveen Patnaik has become
the 2nd longest-serving Chief Minister in India, with a tenure of 23 years and 139 days.
• Patnaik, the five-time Chief Minister of Odisha, took charge on March 5, 2000.
Key points:
i.Patnaik surpassed the record set by former West Bengal CM Jyoti Basu who holds office for 23 years 137 days
from June 21, 1977, to November 5, 2000.
ii.Pawan Kumar Chamling, the former CM of Sikkim, holds the 1st position as the longest-serving CM after

independence in India. Chamling held the office of CM for 24 years and 166 days from December 12, 1994 to
May 27, 2019.
iii.Naveen Patnaik is also the 3rd CM after Pawan Chamling and Jyoti Basu to win five consecutive terms as
CM.
MoYAS recognised Handball Association of India as National Sports Federation

On 25th July 2023,the Ministry of Youth Affairs and Sports(MoYAS) recognised the Handball Association of
India (HAI) as a National Sports Federation (NSF) status for the promotion and regulation of handball with
immediate effect.
• Recognition was granted with a view to run the affairs of handball.
• HAI is also affiliated to the International Handball Federation(IHF), the Asian Handball
Federation(AHF) and the Indian Olympic Association(IOA).
Backdrop:
i.HAI led by Digvijay Singh Chautala and Handball Federation of
India (HFI) led by Jagan Mohan Rao claimed to be the legitimate
national federation for handball in India in the last few years.
Recently, IOA also gave HAI recognition after it agreed to merge
with the HFI.
ii.Following the Indian Olympic Association’s intervention, On
29th May 2023, the executive committee of HAI elected the new
officer bearers of HAI.
Newly Elected Office Bearers of HAI:
President – Digvijay Singh Chautala
Secretary General – Jagan Mohan Rao
Treasurer – Thakur Tejraj Singh
About the Ministry of Youth Affairs and Sports(MoYAS) :
Union Minister – Anurag Singh Thakur (Constituency – Hamirpur,Himachal Pradesh)
Minister of State(MoS) – Nisith Pramanik (Constituency – Coochbehar, West Bengal)
GEM Awards 2023-24: ANI Chairman Prem Prakash honoured with Lifetime Achievement
Award
On 26th July 2023, Prem Prakash, a renowned journalist and Founder & Chairman of Asian News International
(ANI), was honoured with the Global Education Mentor (GEM) Award 2023 – Lifetime Achievement
Award, recognising his significant contributions to the field of education and journalism throughout his
lifetime.
• He was honoured with the award at the GEM Awards 2023-24 program organised at Dr. Ambedkar
International Centre (DAIC), in New Delhi, Delhi.
• The program was graced by the Union Minister Gajendra Singh Shekhawat, Ministry of Jal Shakti and
other prominent personalities from the education sector and so on.
• Prem Prakash has dedicated over 70 years in the world of Journalism and during his long career he
has covered some significant stories of post-independence India including the 1962 War with China
and 1971 Wars against Pakistan.
• His notable work includes: Reporting India: My Seventy-year Journey as a Journalist (2020) and its
Hindi Version was launched in 2022; Afghanistan: The Quest of Peace, The Path of Wars (2023).
Note: GEM Award aims to celebrate the achievements of those who have dedicated their lives to improve
education or its associated social sector in India and promoting innovative approaches to teaching and
learning.

President Droupadi Murmu confers National Geoscience Awards 2022 to 22 Geoscientist
On July 24, 2023, the President of India Droupadi Murmu conferred the National Geoscience Awards- 2022
(NGA) of the Ministry of Mines on 22 Geoscientists during an event organized at Rashtrapati Bhavan Cultural
Centre in New Delhi, Delhi.
Categories and Number of Awards:
There were 10 awards grouped under three categories viz. National
Geoscience Award for Life Time Achievement, National Young
Geoscientist Award, and National Geoscience Awards in various
fields of geosciences
• A total of 173 nominations were received out of which
168 were valid nominations. Finally 22 Geoscientists
were selected by the Award Making Authority (AMA)
chaired by Vivek Bhardwaj, Secretary, Ministry of Mines
for 10 awards which include 4 individual awards, 3 team awards & 3 joint awards.
Category of Award Number of Awards
National Geoscience Award for Lifetime
Achievement 1
8 (3 Team Award + 3 Joint Award + 2 individual Awards= 20
National Geoscience Awards awardees)
National Young Geoscientist Award 1
Total 10 Awards (22 Awardees)
Awardees for the National Geoscience Awards-2022
1.National Geoscience Award for Lifetime Achievement:
It was conferred upon Professor (Dr.) Om Narain Bhargava, Department of Geology, Panjab University (PU),
Chandigarh, for his pioneering work in the Himalayas spanning over the last four decades.
• About Award: It is given to an individual with an exceptionally high lifetime achievement for
sustained and significant contributions in any of the disciplines mentioned in Clause-2 of NGA
Regulation 2022.
• The award carries a cash prize of Rs. 5 lakh and a certificate.
2.National Young Geoscientist Award:
It was presented to Dr. Amiya Kumar Samal, Assistant Professor of Banaras Hindu University (BHU) in
Varanasi, Uttar Pradesh (UP). He has made a notable contribution in understanding the variation of Sub-
Continental Lithospheric Mantle (SCLM) beneath various Archean cratons of the Indian shield.
• About Award: It is for outstanding research work in any field of geosciences to an individual below
35 years of age as on the 31st December of the preceding year.
• Each award carries a cash prize of Rs. 3 lakh and a certificate. In the case of a team award, the award
money will be equally divided.
3.National Geoscience Awards:
National Geoscience Award (10 Awards) shall be given to individuals or team(s) in recognition of meritorious
contribution in any of the disciplines mentioned in Clause-2 of NGA Regulation 2022.
The award is presented for various fields under 4 different sections,
SECTION- I – Mineral Discovery & Exploration
SECTION- II – Mining, Mineral Beneficiation and Sustainable Mineral Development
SECTION- III – Basic Geosciences
SECTION- IV – Applied Geosciences
• The award carries a cash prize of Rs. 1 Lakh plus a research grant of Rs. 5 Lakh spread over 5 years
subject to satisfactory yearly progress and a certificate.

Awardees Category
National Geoscience Awards– 2022
Section– I – Mineral Discovery & Exploration
Field (i): Mineral Discovery & Exploration
(excluding fossil fuels)
This field is of economic and/or strategic importance and application of innovative techniques.
1.GSI team comprising of
i.Soubhagyalaxmi Sahoo, Geologist
ii.Swapnita Brahma, Geologist
iii.Yogeesha S. N., Geologist
iv.P. Rajesh Durai, Director Team Award
2.GSI team comprising of
i.Jitendra Kumar, Geologist
ii.Ngazipmi Chahong, Geologist
iii.Bikash Kumar Acharya, Sr. Geologist
iv.Anindya Bhattacharya, Director Team Award
Field (ii): Coal, Lignite and Coal Bed Methane Discovery & Exploration
Under this, there is application of innovative techniques and Oil, Natural Gas, Shale Gas and Gas Hydrates
Discovery & Exploration.
GSI team comprising of
i.Dr. Satya Narayan Sethy, Geologist
ii.Nitin Narendra Raut, Geologist
iii.Rakesh Deepankar, Sr. Geologist
iv.Sumit Jaiswal, Geologist Team Award
SECTION- II – Mining, Mineral Beneficiation and Sustainable Mineral Development
Field (iv): Mineral Beneficiation and Sustainable Mineral Development
-Mineral Beneficiation includes mineral processing, project development for utilization of low-grade ores &
production of value-added mineral products and mineral economics.
-Sustainable Mineral Development includes mine closure, project development, institutional development and
capacity building.
Pankaj Kumar Satija, Managing Director at Tata Steel Mining Limited in Nayapalli,
Bhubaneswar, Odisha Individual Award
SECTION- III – Basic Geosciences
Field (v): Basic Geosciences
It includes Stratigraphy, Structural Geology, Paleontology, Geodynamics, Geochemistry, Geochronology and
Isotope Geology, Ocean Development (Oceanography and Marine Geology), Glaciology and Arctic & Antarctic
Research including Geo-Scientific Expeditions; and science surveys/baseline geoscience data collection
including Geological and Geochemical mapping & survey, and Systematic Thematic mapping.
1.Prof. Saibal Gupta, Department of Geology and Geophysics, IIT (Indian Institute of
Technology) Kharagpur, West Bengal (WB) Individual Award
2.Dr. Waliur Rahaman, Scientist E,
National Centre for Polar and Ocean Research (NCPOR), Ministry of Earth Sciences, Goa
Prof. Dipak Chandra Pal,
Department of Geological Sciences,
Jadavpur University, Kolkata, WB Joint Award
SECTION- IV – Applied Geosciences
Field (vi): Applied Geology
It include Engineering Geology, Geothermal Energy, Seismotectonics, Geostatistics, Remote Sensing and Geo-
Information System; Groundwater Exploration; Geo-Environmental Studies relating to mining, urban,

industrial, coastal and desert management, paleoclimate, paleoenvironment, medical geology, climate change
and studies related to their impact on ecosystem
Dr. Harish Bahuguna, Director, GSI, Jammu
Dr. Keesari Tirumalesh, Scientific Officer,
Bhabha Atomic Research Centre, Mumbai, Maharashtra Joint Award
Field (viii): Natural Hazard Investigations
It includes scientific studies related to natural hazards such as earthquakes, landslides, floods and tsunamis.
Dr. Saibal Ghosh
Deputy Director General, GSI, Kolkata
Dr. Vikram Gupta
Scientist – F, Wadia Institute of Himalayan Geology (WIHG), Dehradun, Uttarakhand Joint Award
About National Geoscience Awards (NGA):
Established in 1966 by the Ministry of Mines, NGA acknowledges the exceptional individuals and organizations
that have demonstrated excellence, dedication and innovation in Geosciences.
• The awards are presented in the field of Mineral Discovery and Exploration, Basic Geosciences,
Applied Geosciences and Mining, Mineral Beneficiation and Sustainable Mineral Development.
• Click Here for Full Information about NGA
Participants:
Union Minister Pralhad Joshi, Ministry of Mines; Minister of State (MoS) Raosaheb Patil Danve, Ministry of
Mines, senior functionaries of the Ministry of Mines, Geological Survey of India (GSI), among others.
i.Aaliya Mir, a wildlife conservationist working for India-based charity Wildlife SOS, has been honoured with
the Wildlife Conservation Award for 2023 by the administration of the Union Territory (UT) Jammu and
Kashmir (J&K), for her conservation efforts in the region.
ii.Kiran Nadar, Philanthropist and an art collector, was conferred with “Chevalier de la Légion d’Honneur”
(Knight of the Legion Honour), the highest French civilian award, by Emmanuel Lenain, French Ambassador to
India in a ceremony held at the Residence of France in New Delhi, Delhi.
About Geological Survey of India (GSI):
Director General– Janardan Prasad
Headquartered– Kolkata, West Bengal (WB)
Union Minister Anurag Thakur Confers 8th and 9th Community Radio Awards
The Union Minister for Information and Broadcasting, Anurag Thakur, inaugurated the two-day Regional
Community Radio(CR) Sammelan (North) at the Indian Institute of Mass Communication in New Delhi,
Delhi on the occasion of National Broadcasting Day on 23rd July 2023.
• During the Inaugural Session, he presented the 8th and 9th National Community Radio Awards to
commendable Community Radio Stations (CRSs) that have made significant contributions in their
field and for the public interest.
9th National Community Radio Awards:
The 9th National Community Radio Awards consists of 12 awards
under 4 categories such as Thematic Awards, Most
Innovative Community Engagement Awards, Promoting Local Culture
Awards and Sustainability Model Awards.
• These prestigious awards recognize outstanding
Community Radio Stations (CRS) from various states,
including Haryana, Bihar, Odisha, Uttar Pradesh,
Uttarakhand, Tamil Nadu, Rajasthan, and Tripura.

• The CSR played a key role in ‘Jan Bhagidari se Jan Andolan ’ (Public movement with Public
Participation).
The National Community Radio Awards prize list:
• 1st- Rs. 1 Lakh
• 2nd- Rs. 75,000
• 3rd- Rs. 50,000
Winners Details of Awardees:
Thematic Awards:
• 1st Prize: Radio Mind Tree, Ambala, Haryana; Name of Programme: Hope Jeene Ki Rah
• 2nd Prize: Radio Hirakhand, Sambalpur, Odisha; Name of Programme: Adhar O Poshan Bigyan
• 3rd Prize : Green Radio, Sabour, Bihar; Name of Programme: Poshan Shrinkhla.
Most Innovative Community Engagement Awards:
• 1st : Radio SD, Muzaffarnagar, Uttar Pradesh; Name of the programme: Hizra in Between
• 2nd : Kabir Radio, Sant Kabir Nagar, Uttar Pradesh; Name of Program: Selfie Le Le Re
• 3rd : Radio Mind Tree, Ambala, Haryana Name of Programme: Book Bugs.
Promoting Local Culture Awards:
• 1st: Voice of SOA, Cuttack, Odisha; Name of Programme: Asmita
• 2nd: Friends FM, Tripura, Agartala; Name of Programme: Revived a dying art: MASK & POT
• 3rd: PantnagarJanvani, Pantnagar, Uttarakhand; Name of Program: Dadi Ma Ka Batua.
Sustainability Model Awards:
• 1st : Radio Hirakhand, Sambhalpur, Odisha
• 2nd : VayalagaVanoli, Madurai, Tamil Nadu
• 3rd: VAGAD Radio “90.8”, Banswara, Rajasthan…Click here for official list..
8th National Community Radio Awards:
About National Community Radio Awards:
i.The Government of India instituted the National Community Radio Awards to promote better programming in
Community Radio.
ii.The National Community Radio Awards are given to those Community Radio Stations who have done
exemplary work in the field of Community Radio Broadcasting through Community Centric Programmes.
iii.The various categories of awards based on the Community Radios’ developed programmes under various
themes.
iv.The awards have promoted a culture of sustainability, innovation and citizen-participation.
Initiatives To Expand the reach of Radio in India:
✓ Govt to e-auction 808 channels in 284 cities
✓ Licensing time has reduced from 4 years to 6 months
✓ Processes involved has been reduced from 13 to 8
Community Radio and its Role:
• Community Radio is an important 3rd tier in Radio Broadcasting, distinct from Public Service Radio
broadcasting and Commercial Radio.
• CSR are low power Radio Stations, which are meant to be set-up and operated by community based
organisations.
• It provides a platform to communities to air local voices on issues concerning Health, Nutrition,
Education, Agriculture etc.
• There are a total of 449 Community Radio Stations in India till July 2023.
About Ministry of Information and Broadcasting:
Union Minister- Anurag Singh Thakur(constituency-Hamirpur, Himachal Pradesh)
Minister of state- Dr. L. Murugan

Jindal Aluminium Limited received AS9100D Aerospace Certification from NVT Services
Jindal Aluminium Limited, India’s largest Aluminium extrusion company and India’s second largest producer
of aluminium flat rolled products, was awarded the AS 9100D Aerospace certification by M/s NVT Services,
one of India’s top aerospace certification agencies. The certificate recognises Jindal Aluminium as a qualified
manufacturer for the aviation, space, and defence industry.
• Post completion of a two-stage audit process by NVT Services, the accreditation was awarded to the
Bengaluru (Karnataka) facility of Jindal Aluminium. The process of certification started in January
2023, and the certificate was received by the Jindal Aluminium Ltd in June 2023.
Note: AS9100D also called as AS9100 or EN9100:2018 is the most recent standard for organizations that
design, develop or provide aviation, space and defense products and services, including parts, components and
assemblies.
• The AS 9100 Rev D standard includes the requirements of ISO 9001:2015 and specifies additional
aviation, space, and defense (ASD) industry requirements.
AS 9100D standard, jointly developed by the Society of Automotive Engineers (SAE) and the European
Association of Aerospace Industries, specifies the Quality Management System requirements for organizations
that develop, design or manufacture aviation, space and defence products.
APPOINTMENTS & RESIGNATIONS

GoI Extends Brajendra Navnit’s Tenure As India’s Ambassador To WTO
On 28th June 2023, the Government of India(GoI) extended the tenure of Brajendra Navnit as Ambassador
and Permanent Representative of India to the World Trade Organization (WTO) by 9 months beyond 28th
June 2023 and upto 31st March 2024 or until further orders.
• The Appointments Committee of Cabinet (ACC) chaired by
Narendra Modi, Prime Minister of India, has approved the
proposal of the Department of Commerce for an extension
in the tenure of the foreign deputation of Brajendra Navnit
About Brajendra Navnit:
i.Brajendra Navnit, a 1999 batch Indian Administrative Service
(IAS) officer of Tamil Nadu Cadre, has been serving as the
Ambassador and Permanent Representative of India to WTO since
June 2020.
ii.He has served at various leadership roles at district and state
level in Tamil Nadu and also serve the GoI at New Delhi, Delhi .
iii.He has also worked in the Ministry of Finance, Department of Economic Affairs as Deputy Secretary
(Budget), Director in the Prime Minister’s Office (PMO) and Joint Secretary to the Prime Minister(PM).
iv.During his tenure at the Ministry of Finance, he authored the 1st edition of the Government Debt Paper,
which communicated the consolidated General Government Debt of the Federal and State Governments to
multilateral organizations and sovereign credit rating agencies.
About World Trade Organization (WTO):
Director-General- Ngozi Okonjo-Iweala
Headquarters- Geneva, Switzerland
TS Singh Deo appointed as Chhattisgarh deputy CM

On 28th June 2023, Senior Congress leader and Chhattisgarh health minister TS Singh Deo(70), has been
appointed as the deputy chief minister(CM) of Chhattisgarh.

The appointment was approved by Congress President Mallikarjun Kharge at the Congress headquarters in
Delhi.
About TS Singh Deo:
i.Also known as modern-day Maharaja, Tribhuvaneshwar Saran Singh Deo (TS Singh Deo) is the titular
Maharaja of Chhattisgarh’s Surguja, was first elected as a member of the state’s legislative Assembly in 2008.
ii.Deo also served as the Leader of the Opposition in the 4th Vidhan Sabha of Chhattisgarh.
iii.An MLA from Ambikapur constituency, Deo is currently holding Health and Family Welfare, Medical
Education, Twenty Point Implementation and Commercial Tax (GST) portfolios.
ACC re-appointed Tushar Mehta, SGI for the second time and 6 ASGs for Supreme Court, 4 ASGs
for High Courts of India
On 30th June 2023, the Appointments Committee of the Cabinet (ACC) approved the re-appointment
of Tushar Mehta as Solicitor General of India (SGI) with effect from 1st July 2023 for a period of three years or
until further orders, whichever is earlier.
• This is the 2nd extension granted to Mehta by the government of India.
• Tushar Mehta has been serving as the SGI since 10th October 2018. In June 2020, he got his 1st
extension as SGI for a term of 3 years with effect from 1st July 2020.
About Tushar Mehta:
i. Tushar Mehta, born on May 5, 1962, in Gujarat started his
career as a lawyer in 1987.
ii. In 2007, the High Court of Gujarat named him a senior lawyer.
In 2008, he was appointed as Additional Advocate General
iii. In 2014, he received a promotion to Additional Solicitor
General of India.
iv. He was also the Special Public Prosecutor in the 2G spectrum
matter and related cases.
About SGI:
The Solicitor General of India (SGI) is subordinate to the
Attorney General for India. The SGI is the second-highest law officer in India.
Reappointment of Additional SGI – Supreme Court of India:
i. The ACC also approved the re-appointment of 6 Additional Solicitors General (ASG) for the Supreme Court of
India for a period of 3 years namely:
• Vikram Banerjee, K.M. Nataraj as Additional SGI with effect from 1st July 2023; Balbir Singh and S.V.
Raju, N. Venkataraman and Aishwarya Bhati as Additional SGI with effect from 30th June 2023.
Note: However, the terms of the ASG’s namely Madhavi Diwan, Sanjay Jain and Jayant K Sud was ended and
their names did not feature in the list of re-appointed law officers.
Reappointment of Additional SGI of the High Court:
The ACC also issued an order of re-appointing 4 ASG’s in the High Courts of India for a period of 3 years namely:
• Chetan Sharma, Additional SGI, High Court of Delhi with effect from 1st July 2023;
• Satya Pal Jain, Additional SGI, High Court of Punjab & Haryana with effect from 1st July 2023;
• Dr. Krishna Nandan Singh, Additional SGI, High Court of Patna with effect from 1st July 2023;
• Devang Girish Vyas, Additional SGI, High Court of Gujarat with effect from 30th June 2023.
About Appointment Committee of the Cabinet (ACC):
Established in- 26 January 1950
Chairperson- Narendra Modi (Prime Minister of India)

PTC India shareholders approve the appointment of Rajib Kumar Mishra as CMD
On 28th June 2023, the PTC India Limited (formerly known as Power Trading Corporation of India Limited)
shareholders passed resolutions relating to the appointment of Rajib Kumar Mishra as the company’s
Chairman and Managing Director (CMD) with requisite majority votes at the seventh Extra Ordinary General
Meeting (EGM).
• He has been appointed as the CMD in PTC India with effect from March 29, 2023.
• He has been serving as the acting chairman of PTC India since November 2021, after former CMD
Deepak Amitabh quit.
• As per the voting result, 77.71% of votes were in favour of the ordinary resolution and 22.29%
against the proposal.
In 2020, He was named the Whole-time Director of the company with effect from 24th February 2020, up to
23rd February 2025 or the age of 62, whichever is earlier.
He joined PTC Board on February 24, 2015, as Director of Marketing and Business Development. he has
previously worked at various capacities at Power Grid, NTPC and PTC India.
Anurag Verma Appointed as New Chief Secretary of Punjab

On 1st July 2023, Anurag Verma, a 1993-batch Indian Administrative Service (IAS) officer, took charge as the
42nd chief secretary of Punjab in Chandigarh, Punjab. He will also hold the charge as principal secretary,
personnel and vigilance.
• Anurag Verma succeeded Vijay Kumar Janjua, who retired on 30th June 2023.
Anurag Verma served as the additional chief secretary of Punjab, Principal Secretary home affairs and Justice,
along with some other additional charges. Previously, he has also served as the deputy commissioner of the
Bathinda, Ludhiana and Jalandhar districts.
Ajit Pawar Took Oath as the Maharashtra Deputy CM

On 2nd July 2023, Nationalist Congress Party (NCP) leader Ajit Pawar was sworn in as the Deputy Chief
Minister (Dy CM) by Ramesh Bais, Governor of Maharashtra, in a ceremony at the Raj Bhawan in Mumbai,
Maharashtra in the presence of Maharashtra’s Chief Minister(CM) Eknath Shinde.
• Now, Maharashtra has 2 Dy CMs. Bharatiya Janata Party(BJP)’s Devendra Fadnavis is the other Dy
CM of Maharashtra.
• During the ceremony, 8 other NCP leaders: Chhagan Bhujbal, Dilip Walse Patil, Hasan Mushrif,
Dhananjay Munde, Aditi Tatkare, Dharmarao Atram, Anil Patil, and Sanjay Bansode, took oath as
ministers.
Prior to this appointment, Ajit Pawar resigned as the leader of the opposition (LoP) in the Lower House and
Maharashtra Assembly Speaker Rahul Narwekar has accepted it.
Note:The total strength of the Maharashtra legislative assembly is 288 and a minimum of 145 is needed to win
the trust vote. With Ajit Pawar’s move, the National Democratic Alliance (NDA) government’s seats are likely to
cross the 200-mark.
PM Prasad takes over as CMD of Coal India

On 1st July 2023, PM Prasad took charge as newly-appointed Chairman and Managing Director (CMD) of Coal
India Limited (CIL) by succeeding Pramod Agrawal, who superannuated on June 30, 2023.
• Prior to this appointment, he served as the CMD of Central Coalfields Limited (CCL), the Jharkhand-
based arm of CIL, since October 1, 2020.
• PM Prasad began his career in 1984 as a management trainee at Western Coalfields Limited, a
subsidiary of CIL.

He has also served as the Executive Director (Coal mining) at NTPC Limited(formerly National Thermal Power
Corporation Limited), Director Technical at Northern Coalfields Limited (NCL) and CMD of Bharat Coking Coal
Limited (BCCL)
Lt Gen M.U.Nair Appointed as the Head of National Cyber Coordination Centre

On 3rd July 2023, Lt Gen M U Nair has been appointed the new National Cyber Security Coordinator (NCSC) by
the National Cyber Coordination Centre (NCCC), the cybersecurity and e-surveillance agency under Ministry of
Electronics and Information Technology in the government of India.
• He is the third cyber security chief in India, succeeding
Lt Gen (retd.) Dr Rajesh Pant and preceded by Gulshan
Rai, who was the first chief.
About Lt Gen Nair:
i.A distinguished alumnus of the esteemed National Defence
Academy, Lt Gen MU Nair has been honored with Ati Vishisht Seva
Medal and Sena Medal.
ii.Prior to his appointment as NCSC, he held the chair of 28th
Signal-officer-in-Chief at the Army Headquarters in July 2022, and
also served as the commandant of the Military College of Telecommunication Engineering, Indore, Madhya
Pradesh.
iii.He has also held other important positions including the additional director general, signal intelligence, chief
of staff of a corps and command.
iv.Lt Gen Nair is an expertise in cyber warfare, signal intelligence and communication and information
technology at both national and global levels.
About National Cyber Security Coordinator (NCSC):
NCSC under National Security Council Secretariat (NSCS) coordinates with different agencies at the national
level for cyber security matters.
Vice Admiral Atul Anand takes over as Additional Secretary, Department of Military Affairs
On July 3, 2023, Vice Admiral Atul Anand was appointed as the Additional Secretary of the Department of
Military Affairs in the Ministry of Defence (MoD).
• He will succeed Lt Gen Anil Puri, who retired on February 28, 2023.
About Vice Admiral Atul Anand:
i.He was commissioned into the executive branch of the Indian Navy on January 1, 1988.
ii.He is an alumnus of the National Defence Academy (71st Course, Delta Squadron)
iii.He is a recipient of Ati Vishisht Seva Medal (AVSM) and Vishisht Seva Medal (VSM).
iv.He commanded Torpedo Recovery Vessel INTRV A72, missile boat INS (Indian Naval Ship) Chatak, corvette
INS Khukri and missile destroyer INS Mumbai.
v.He also served as the Navigating Officer of the Indian Navy’s ships — Sharda, Ranvijay and Jyoti.
B.Neeraja Prabhakar Appointed Chairperson of Research Advisory Committee of ICAR

B.Neeraja Prabhakar,Vice-Chancellor of the Sri Konda Laxman Telangana State Horticultural University
appointed as the chairperson of the Research Advisory Committee (RAC) of Indian Council of Agricultural
Research (ICAR)-Indian Institute of Oil Palm Research (IIOPR) at Pedavegi in Andhra Pradesh.
• She assumed office on June 13, 2023 and will head a 10-member committee for a period of three
years.
• The ICAR-IIOPR is the country’s only top institute undertaking oil palm research and creating oil
palm technology that may be used in all oil palm-growing states.

She is also a member of the Telangana Oil Palm Advisory Committee, which advises the state government on
the expansion of oil palm production, challenges associated with oil palm farming, and issues confronting the
oil palm processing Industry.
NATO extended the tenure of Jens Stoltenberg as Secretary General of NATO up to October
2024
On 4th July 2023, the 31 members of the North Atlantic Treaty Organization (NATO), an intergovernmental
military alliance decided to extend the tenure of Jens Stoltenberg, Secretary General of NATO for another year
until 1st October 2024. Jens Stoltenberg’s term was supposed to end in September 2023.
• Jens Stoltenberg, a former Prime Minister of Norway
(from 2000 to 2001; 2005-2013) became NATO
Secretary General in 2014. His term has already been
extended 3 times.
• This is the fourth time he got his term extended by
NATO.
• The decision about his extension will be endorsed by
NATO Heads of State and Government at the Vilnius
Summit which is scheduled to be held in on 11-12 July
2023 in Vilnius, Lithuania.
About Jens Stoltenberg:
i. Jens Stoltenberg was born on 16 March 1959, in Oslo, Norway.
ii. From 2002 to 2014, he was the Leader of the Norwegian Labour Party (Det Norske Arbeiderparti; DNA), a
social-democratic political party in Norway
iii. Prior to his career in NATO, he was the United Nation’s (UN) Special Envoy on Climate Change from 2013 to
2014.
iv. He also chaired UN High-level Panels on climate financing and the coherence between development,
humanitarian assistance and environmental policies.
Awards:
i. On 23rd January 2023, Jens Stoltenberg received an Honorary Award of the Verkhovna Rada, the unicameral
Parliament of Ukraine.
ii. On 9th January 2023, Jens Stoltenberg was awarded the Sønsteby prize for his brave defending of
fundamental democratic values in Norway.
Books:
Some of his notable work includes Min historie (My story) (2016), The Ice is Melting: Ethics in the Arctic
(Foreword) (2015), Samtaler (2009).
About North Atlantic Treaty Organization (NATO):
Formed in- 1949
Secretary General- Jens Stoltenberg
Headquarters- Brussels, Belgium
Member States- 31 (At present)
BCCI Appointed Former Indian Cricketer Ajit Agarkar as Chairman of Senior Men’s Selection
Committee
On 4th July 2023, Ajit Agarkar, the former Indian Cricketer, has been appointed as the Board of Control for
Cricket in India (BCCI) new chairman of the Senior Men’s Selection Committee by succeeding the previous
chairman Chetan Sharma, who resigned from the post in February 2023.

• Ajit Agarkar was unanimously recommended to the post by the Cricket Advisory Committee (CAC),
consisting of Sulakshana Naik, Ashok Malhotra, and Jatin Paranjape.
Note: He was recommended based on seniority – total number of Test matches.
• The Senior Men’s Selection Committee chaired by Ajit Agarkar consists of Shiv Sundar Das, Subroto
Banerjee, Salil Ankola, and Sridharan Sharath.
About Ajit Agarkar:
i.Agarkar hailing from Mumbai, Maharastra, has played 26 Tests, 191 One Day Internationals (ODIs), and four
Twenty20 International (T20I) for India and has also taken part in 110 first-class, 270 List A, and 62 T20
matches for Mumbai.
ii.He still holds the record for the fastest half-century by an Indian batter in ODI, achieved with a 21-ball fifty
against Zimbabwe in 2000. He also held the record for being the fastest to reach 50 ODI wickets, accomplished
the feat in just 23 matches.
iii.He was a part of India’s victorious squad in the inaugural T20 World Cup held in South Africa in 2007.
iv.In the Indian Premier League (IPL), He played for Delhi Daredevils (now Delhi Capitals) and the Kolkata
Knight Riders (KKR).
v.He retired from all cricket in 2013 and later served as the Chief Selector for the senior Mumbai Team and
coached the Delhi Capitals.
Sheo Kumar Singh-I appointed as acting chairperson of NGT

Justice Sheo Kumar Singh-I was appointed as the acting chairperson of National Green Tribunal (NGT) by the
Union Ministry of Environment, Forest and Climate Change (MoEFCC) with the effect from July 6, 2023 until
further notice.
• He succeeded Justice Adarsh Kumar Goel, chairperson of NGT (July 2018 -July 2023), who retired on
July 6, 2023.
• He was part of the NGT as a judicial member since March 11, 2020.
About Sheo Kumar Singh-I:
i.Sheo Kumar Singh-I joined Judicial Service in 1984 and worked as district judge in different districts of Uttar
Pradesh (UP), Registrar (Judicial) of Supreme Court, Registrar General at High Court of Judicature at Allahabad
before his elevation as high court judge.
ii.He was appointed Observer of the Ram Janam Bhumi in Ayodhya by the Supreme Court to monitor the
excavation work carried out by the expert team of Archeological
Survey of India (ASI).
iii.He also served as a judge of the Industrial Tribunal in Uttar
Pradesh and the chairman of the Oversight Committee in the
state constituted by the NGT.
National Green Tribunal (NGT):
i.Purpose:According to the National Green Tribunal Act (2010),
the National Green Tribunal was founded in 2010 as a
specialised judicial body with expertise primarily for the purpose
of mediating environmental cases.
ii.Functions:The Tribunal is responsible for providing an effective and timely remedy in situations involving
environmental protection, conservation of forests and other natural resources, and enforcement of any
environmental legal right.
iii.Jurisdiction:The Tribunal’s orders are binding, and it has the authority to offer affected persons relief in the
form of compensation and damages.
About National Green Tribunal (NGT):
Acting Chairman Person – Sheo Kumar Singh-I
Headquarters – New Delhi, Delhi

Rajkumar Upadhyay gets a 2-Year Extension as CEO of C-DoT
The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of
Telecommunications(DoT) for the extension in tenure of Dr. Rajkumar Upadhyay, CEO (Chief executive
officer), C-DoT(Centre for Development of Telematics) for a period of 2 years till 9th July 2025 or attaining
the age of 60 years.
Key points:
i.In October 2020, Upadhyay joined India’s telecom technology
research organisation C-DoT as the executive director and in
November 2022 he was promoted as CEO and C-DoT’s board
chairman.
ii.Previously, he served as Additional Director General,
Doordarshan & All India Radio(AIR), Prasar Bharati, deputy
director general (DDG) at DoT, advisor at Telecom Regulatory
Authority of India (TRAI) and is also the founding member of the
Bharat 6G Alliance.
iii.He won many awards which include J. C. Bose award (1987) by Ministry of Defence(MoD), the National e-
Governance award (2007) by Government of India (GoI), CIO 100 award (2007) by International Data Group
(IDG), and Deepak C. Jain Award (2009) by IIM (Indian Institutes of Management) Bangalore, India.
About Centre for Development of Telematics(C-DoT):
Chief executive officer- Dr. Rajkumar Upadhyay
Established- 1984
Headquarters- New Delhi, Delhi.
DoT Secretary K Rajaraman IAS Replaces Injeti Srinivas as Chairman of IFSCA

According to the notification released by The Department of Economic Affairs (DEA) under Ministry of Finance,
The Department of Telecommunications secretary and 1989-batch IAS officer of the Tamil Nadu
Cadre, K Rajaraman will be the next chairman of the International Financial Services Centres Authority
(IFSCA).
• He will be replacing Injeti Srinivas, the first
chairperson of IFSCA (which acts as a unified authority
for the development and regulation of financial
products, financial services and financial institutions)
appointed in 2020.
• Rajaraman is expected to join the IFSCA in the month
of August 2023.
• His tenure will be for three years from the date of his
assumption of charge of the post, or till attaining the
age of 65 years, or until further orders, whichever is the earliest.
• As per the IFSCA (salary, allowance, and other terms and conditions of service of chairperson
and members) Rules 2020, the proposal put forth by the Department of Economic Affairs to
appoint K Rajaraman, IAS, as the Chairperson of IFSCA has been approved by the Appointments
Committee of the Cabinet(ACC).
About K Rajaraman:
i. In October 2021, he assumed charge as the Telecom Secretary. He successfully conducted first-ever fifth
generation or 5G auction, with the government fetching more than Rs 1.5 lakh crore.
ii. He is also considered as a driving force behind the recently-launched Bharat 6G Alliance and in rolling out
Bharat Sanchar Nigam Limited (BSNL) 4G network

About International Financial Services Centres Authority(IFSCA):
Headquarters – Gandhinagar, Gujarat.
Established under – International Financial Services Centres Authority Act, 2019
Shavkat Mirziyoyev Re-Elected as President of Uzbekistan for 7 years term

On 9th July 2023, the incumbent Uzbek President Shavkat Mirziyoyev has been re-elected with 87.1 % of the
vote for 7 years term according to preliminary results released by the Central Election Committee(CEC) of the
Republic of Uzbekistan. He is a member of the UzLiDeP (Uzbekistan Liberal Democratic Party).
• On 30th April 2023, the Uzbek President called for snap
election on which Uzbek citizens voted on constitutional
amendments through a referendum which reset his term
count and extended the presidential term to seven years
from five.
• More than 15 million voters participated in the election,
which comprises 79% of the voters.
Other presidential candidates:
Ulugbek Inoyatov(4.02%) from the People’s Democratic Party of
Uzbekistan, Robakhon Makhmudova(4.43%) from the Social Democratic Party of Uzbekistan “Adolat” and
Abdushukur Khamzayev (3.74%) from the Ecological Party of Uzbekistan.
About Shavkat Mirziyoyev:
i.In 2003, Mirziyoyev served as prime minister under his predecessor Islam Karimov (the first post-
independence president of Uzbekistan) and he was subsequently reappointed to the position three times, in
2005, 2010, and 2015.
ii.He was elected as president in 2016 following the death of Islam Karimov and again in the year 2021 for the
2nd term.
About Uzbekistan:
Prime Minister- Abdulla Nigmatovich Aripov
Currency- Som
Capital- Tashkent
Microsoft India President Anant Maheshwari resigns, Irina Ghose becomes MD

Microsoft India promoted Irina Ghose as its Managing Director (MD), while Anant Maheshwari stepped down
from his position as Microsoft India President.
• As part of the executive reshuffle, Navtez Singh Bal has been appointed as the new Chief Operating
Officer (COO). He was earlier heading the Government, Public Sector and Education Business for
Microsoft in India which is now taken care of by Venkat Krishnan.
About Irina Ghose:
i. The then COO of Microsoft India, Irina Ghose who was associated with the firm for more than 2 decades,
focused on the end-to-end operations, go-to-market strategies and drove one of the largest world-class sales
enablement programs.
ii. In 2010, she founded MyLittleBit, a philanthropic foundation that believes that everybody can contribute in
small parts to make a giant impact on the underprivileged.
iii. She is actively engaged with Microsoft for Startups, a Microsoft program that provides support, Azure
credits and free licences to selected Microsoft products to software entrepreneurs and startups.
About Anant Maheshwari:
i. AnantMaheshwari steps down as Microsoft India President after 7 years, who joined Microsoft in the year
2016.
ii. In the month of April 2023, he was appointed as the Chairperson of National Association of Software and

Service Companies(NASSCOM) for the period 2023-24. He also served on NASSCOM’s Executive council since
2017.
iii. He is India Advisory Committee member of U.S.-India Business Council (USIBC), National Council member of
Confederation of Indian Industry (CII), Ex Chairperson CII IT/ITeS committee and is a fellow of the Aspen
Global Leadership Institute.
About Microsoft (India):
Country Manager – Ashutosh Gupta
Headquarters – New Delhi, Delhi
Abhijit Chakravorty appointed as MD & CEO of SBI cards

SBI Cards and Payment Services Limited (SBICPSL), a subsidiary of State Bank of India (SBI) and India’s
second-largest credit card, provider appointed Abhijit Chakravorty as its Managing Director (MD) and Chief
Executive Officer (CEO) with effect from August 12, 2023 for a period of 2 years. He is currently serving as the
Deputy MD of SBI.
• He will succeed the incumbent MD & CEO Rama Mohan Rao Amara, who tendered his resignation
with effect from 11th August 2023 owing to his transfer back to the SBI.
About Abhijit Chakravorty:
i. He started his banking career as a Probationary Officer (PO)
with SBI in 1988 and earned an experience of over 34 years in
various fields.
ii. He oversaw the Bank’s Operations in Bangladesh as CEO and
Country Head and
iii. He also served as the vertical responsible for Information
Technology (IT) operations of the customer-facing channels and
payment systems.
iv. He served at the Hongkong branch of SBI and has played a
pivotal role in high-value Corporate Lending as a member of the Commercial Credit Group.
v. He also took the role of Chief General Manager (Channels & Operations) at the Global IT Centre of SBI
About SBI Cards and Payment Services Limited:
SBI Card was launched as SBI Cards and Payment Services Private Limited in 1998 by the State Bank of India
and GE Capital.
Chairman– Dinesh Kumar Khara
MD & CEO– Rama Mohan Rao Amara
Harsh Chouhan resigns NCST Chairman

On 26th June 2023, Harsh Chouhan, Chairman of the National Commission for Scheduled Tribes (NCST)
resigned from his post 8 months ahead of the end of his tenure. He was appointed as the Chairman of NCST in
February 2021 for a period of 3 years. Droupadi Murmu, President of India, accepted his resignation on 27th
June 2023.
• Following his resignation, the NCST is left functioning with Ananta Nayak, the only member of the
commission.
• Since 2019, the post of Vice Chairman (VC) has been vacant following the appointment of then VC
Anasuya Uikey as Governor of Chhattisgarh (now serving as Governor of Manipur).
Note: As per the ‘NCST Chairperson, Vice-Chairperson and Members (Conditions of Service and Tenure)
Rules 2004’, NCST should have a chairperson, VC and members. The number of members has not been capped
but there should be a woman member.
Harsh Chouhan’s resignation comes after an argument with the Ministry of Environment, Forest and Climate

Change (MoEFCC) over the Forest Conservation Rules 2022, which he believed violated the Forest Rights Act,
2006.
About National Commission for Scheduled Tribes (NCST):
NCST, a constitutional body, was established by amending Article 338 and inserting a new Article 338A in the
Constitution through the Constitution (89th Amendment) Act, 2003.
The amendment replaced the erstwhile National Commission for Scheduled Castes and Scheduled Tribes with 2
separate Commissions: National Commission for Scheduled Castes (NCSC) and NCST with effect from 19
February 2004.
Sheikh Talal Fahad Al-Sabah Elected as the New President of Olympic Council of Asia
On 8th July 2023, Sheikh Talal Fahad Al Sabah of Kuwait was elected as the new president of the Olympic
Council of Asia (OCA) from 2023-2027 by the 42nd OCA General Assembly in Bangkok, Thailand.
• Sheikh Talal joined the OCA in 2007 and was a member of the executive board, replaces his elder
brother, Sheikh Ahmad al-Fahad al-Sabah, who was suspended from Olympic involvement in 2021.
• Sheikh Talal beat Dr.Husain Al-Musallam ,a Director General of OCA and also the President of
World Aquatics.
• Sheikh Talal is the son of Fahad Al-Ahmed Al-Jaber Al-Sabah, who founded OCA in 1982 and served
as its president until 1990.
Additional info:
Former Secretary General of the OCA, H.E.Raja Randhir Singh of
India, had led the OCA as Acting President since 2021 until the
election.
About Olympic Council of Asia (OCA):
OCA is an independent non-governmental not-for-profit
international Asian sport organization currently with 45 member
National Olympic Committees.
• Founded in – 1982.
• Headquarters – Kuwait.
Former J&K Chief Secretary B R Sharma appointed as State Election Commissioner of J&K
On 14th July 2023, Retired IAS officer and former Chief Secretary of J&K Braj Raj Sharma(B R Sharma) was
appointed as the State Election Commissioner (SEC) of J&K with effect from the date he assumes charge till he
attains the age of 65. B R Sharma succeeds K K Sharma whose tenure as SEC of J&K completed on 1st February
2023.
Note: The appointment was made by Lieutenant Governor Manoj Sinha in exercise of the powers conferred by
proviso to sub-section (3) of section 36 of the Jammu and Kashmir Panchayati Raj Act, 1989.
• BR Sharma, a 1984-batch IAS officer of the Jammu and Kashmir cadre, served as the CS of J&K from
2015 to 2017.
• He has also served as the Chairman of Staff Selection Commission(SSC) from 2019 to 2020. He has
also served as the Chief of J&K Public Service Commission (PSC) from 2020 to 2022.
• He has also served as Secretary, Department of Border Management, Ministry of Home Affairs(MHA)
and other significant roles.
Rakesh Pal appointed as 25th Director General of Indian Coast Guard

On 19th July 2023, Rakesh Pal has been appointed as the 25th Director General of Indian Coast
Guard (DGICG). He holds the recognition of being the First Gunner of ICG.
He was given the additional charge of DGICG in February 2023. He was elevated to the rank of Additional
Director General in February 2022.

Note: Virender Singh Pathania was the 24th DGICG, appointed on December 31 2021.
About Rakesh Pal:
i. He hails from Uttar Pradesh and is an alumnus of the Indian Naval
Academy and joined Indian Coast Guard (ICG) in January 1989.
ii. Over 34 years of career span, he held several key appointments
afloat and ashore and the prominent ones are:
• Commander Coast Guard Region (North West) in
Gandhinagar, Gujarat
• Deputy Director General (Policy and Plans) and
Additional Director General Coast Guard in New Delhi,
Delhi, the Headquarters of ICG.
iii. He has commanded all classes of ICG ships (ICGS), including ICGS Samarth, ICGS Vijit, ICGS Sucheta Kriplani
and ICGS Ahalyabai and and ICGS C-03.
iv. He has undergone professional specialisation in the Gunnery and Weapons System at the Indian Naval
School Dronacharya in Kochi, Kerala and Electro-Optics Fire Control Solution course from the United Kingdom
(UK).
v. He has held various staff assignments such as Director (Infra & Works) and Principal Director
(Administration) at Coast Guard Headquarters, New Delhi, Delhi.
vi. He has also Commanded two Coast Guard bases of the forward areas of Okha & Vadinar in Gujarat.
Awards/Honours:
Rakesh Pal was conferred with Tatrakshak Medal (TM) in 2013 for his illustrious service and President
Tatrakshak Medal (PTM) in 2018 for his distinguished service.
Nivruti Rai Appointed as MD & CEO of Invest India

On 12th July 2023, Former Intel India country head Nivruti Rai has been appointed as the Managing
Director(MD) & Chief Executive Officer (CEO) of Invest India, succeeding Manmeet K Nanda, Joint Secretary,
Department for Promotion of Industry and Internal Trade (DPIIT), who had been serving as additional charge
of MD & CEO ad-interim in March 2023.
About Nivruti Rai:
i.Born in Uttar Pradesh in November 1969, Nivruti Rai is the
recipient of the prestigious Nari Shakti Puraskar in 2022 for her
remarkable contributions to the field of technology by President
Ramnath Kovind.
ii.Previously she served at Intel for 29 years as a global business
and technology leader and led Intel India as Country Head for the
past seven years.
About Invest India:
i.Invest India is an investment promotion agency, whose aim is to
facilitate investors looking to invest in India. It is headquartered in New Delhi, Delhi.
ii.It was set up in 2009 as a non-profit venture under DPIIT, Ministry of Commerce and Industries.
iii.It also plays a role in executing the government’s flagship initiatives including Make in India, Startup India,
and National Single Window System.
Rajay Kumar Sinha appointed as MD & CEO of SBI Capital Markets Limited
Rajay Kumar Sinha, has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI
Capital Markets Limited (SBICAPS), one of the oldest investment banks in India, effective from July 14, 2023.
• Rajay Kumar Sinha succeeded Amitava Chatterjee, who moved to SBI Corporate Centre as Deputy
Managing Director, in charge of Commercial Clients Group.

About Rajay Kumar Sinha:
i. Rajay Kumar Sinha joined SBI as Probationary Officer (PO) in 1991.
ii. He is Deputy Managing Director at SBI, Corporate Centre, Mumbai, Maharashtra.
iii. Prior to this appointment, Rajay Kumar Sinha held the position of overseeing Treasury operations of SBI,
managing the bank’s investment portfolio, money market, equity, private equity, and forex operations.
About SBI Capital Markets Limited (SBICAPS):
SBICAPS, a wholly owned subsidiary and investment banking arm of State Bank of India (SBI).
It is registered with Securities and Exchange Board of India (SEBI) as a category I Merchant Banker and a
Research Analyst.
MD&CEO– Rajay Kumar Sinha
Non-Executive Chairman– Dinesh Kumar Khara
Sat Pal Bhanoo appointed as MD of LIC; succeeds Siddhartha Mohanty

Sat Pal Bhanoo has been appointed as the Managing Director (MD) of Life Insurance Corporation of India (LIC)
with effect from the date of assumption of charge of office and up to the date of his superannuation on 31st
December 2025 or until further orders, whichever is earlier.
• He succeeds Siddhartha Mohanty, who was appointed as the Chairman of LIC in April 2023.
• Sat Pal Bhanoo is currently serving as the Additional Zonal Manager (In-Charge), LIC’s zonal office in
Bhopal, Madhya Pradesh(MP).
• Now, LIC has 4 MDs: Sat Pal Bhanoo, Mini Ipe; M Jagannath and Tablesh Pandey.
• In June 2023, MP Tangirala,Additional Secretary in the Department of Financial Services, Ministry of
Finance, was appointed as Government Director of LIC replacing Suchindra Misra.
Note:
• LIC has decided to phase out the chairman post to align with other publicly traded corporations.
• Siddhartha Mohanty will serve as the chairman of LIC till June 2024 and after that he will take
charge as the first CEO of LIC for the term from June 2024 to June 2025.
• The 4 MD’s of LIC will be reporting to the CEO.
A Madhavarao appointed as CMD of Bharat Dynamics Limited

Commodore A Madhavarao (Retd.) assumed charge as Chairman and Managing Director (CMD) of Bharat
Dynamics Limited (BDL), a Public Sector Undertaking (PSU) under the Ministry of Defence (MoD) effective
from July 19, 2023. The MoD approved his appointment till the date of his superannuation on April 30, 2026 or
until further orders, whichever is earlier.
• Commodore Siddharth Mishra (Retd), who served as the CMD of BDL from 2019, retired from the
post on 31st March 2023.
• After Siddharth Mishra, P Radhakrishna Director
(Production) assumed additional charge CMD, BDL
with effect from 1st April 2023 for a period of 3
months. On 8th July Nuka Srinivasulu, Director
(Finance) assumed additional charge of CMD, BDL.
About A Madhavarao:
i. Prior to this appointment, A Madhavarao held the position of
Director (Technical) with additional charge of Director
(Production) in BDL since January 2023.
ii. He served as Executive Director (Marketing) at
BDL and Unit Head of BDL Kanchanbagh Unit in Hyderabad, Telangana.
iii. In BDL, he played a significant role in developing infrastructure in BDL by taking up initiatives to enable

BDL towards realization of Government of India’s ‘Atmanirbharta’ (self-reliant India).
iv. Besides BDL, he has had over 3 decades of experience in the Indian Navy.
v. He served as General Manager (Technical) at Naval Dockyard in Visakhapatnam, Andhra Pradesh.
About Bharat Dynamics Limited (BDL):
Incorporated on– 16th July 1970
Chairman & MD– A Madhavarao
Headquarters– Hyderabad, Telangana
Vijay Sampla Resigns as Chairperson of NCSC

On 18th July 2023, Former Union minister and senior Punjab BJP leader Vijay Sampla resigned from the post of
chairperson of National Commission for Scheduled Castes (NCSC).
• Sampla has been holding the charge of NCSC chairperson since 2021.
i.He served as chairman, for the Khadi and Village Industries Board, Punjab from 2009-12.
ii.He won the 2014 Lok Sabha election from Hoshiarpur in Punjab and was the minister of state for social
justice and empowerment from 2014 to 2019.
iii.In April 2022, Sampla was appointed as the chairperson of the NCSC for second time.
Note: The NCSC is a constitutional body,under the jurisdiction of Ministry of Social Justice and
Empowerment,Government of India established to safeguard the interests of the scheduled castes (SC) in
India.
4 new Chief Justices appointed in the High Courts of Gujarat, Kerala, Telangana and Orissa
On 19th July 2023, Droupadi Murmu, the President of India appointed 4 new Chief Justices (CJ) namely Justice
Sunita Agarwal, Justice Ashish Jitendra Desai, Justice Alok Aradhe, Justice Subhasis Talapatra in the High
Courts (HC) of Gujarat, Kerala, Telangana, and Orissa respectively.
Note: With this appointmnets, Gujarat HC is the only high court in India with a woman CJ.
Details of the Appointment:
High Court New CJ Previous CJ/Acting CJ
Telangana HC Justice Alok Aradhe Justice Ujjal Bhuyan
Gujarat HC Sunita Agarwal Ashish J Desai (Acting CJ of Gujarat HC)
Kerala HC Justice Ashish Jitendra Desai Justice S V Bhatti
Orissa HC Justice Subhasis Talapatra Justice S Muralidhar
Note:
• Justice Ujjal Bhuyan and Justice S V Bhatti were recently elevated as judges of the Supreme Court of
India.
• Justice S Muralidhar is set to retire from the post of CJ of Orissa HC in August 2023.
Background:
The appointments were approved by the Supreme Court collegium
headed by Dr Justice Dhananjaya Yeshwant Chandrachud, Chief
Justice of India (CJI) along with justices Sanjay Kishan Kaul and
Sanjiv Khanna at a meeting held on July 5, 2023.
Telangana HC:
On 23rd July 2023, Justice Alok Aradhe was sworn in as the CJ of the
Telangana HC at Raj Bhavan, Telangana. Tamilisai Soundararajan,
Governor of Telangana, administered the oath of office.
• Prior to this appointment, he was serving as the Acting Chief Justice (ACJ) of Karnataka HC since July
2022.
• He has also served as Additional judge of the Madhya Pradesh HC and Judge at Karnataka HC.

Gujarat HC:
On 23rd July 2023, Justice Sunita Aggarwal was sworn in as the CJ of the Gujarat HC at the Raj Bhavan in
Gandhinagar, Gujarat. Gujarat Governor Acharya Devvrat will administer the oath of office.
• Justice Sunita Aggarwal is the second woman Chief Justice of Gujarat High Court after Justice Sonia
Gokani(retired from the post in February 2023)
• Prior to this appointment, she was serving as the Judge at Allahabad HC.
Kerala HC:
On 22nd July 2023, Justice Ashish J Desai, who was serving as the Acting Chief Justice (ACJ) of Gujarat HC was
sworn in as the new Chief Justice of Kerala High Court. Kerala Governor Arif Mohammed Khan administered the
oath of office at Raj Bhawan, Kerala.
• Chief Justice Desai is presently the 38th Chief Justice of the Kerala High Court.
Orissa HC:
Justice Subhasis Talapatra has been appointed as the Chief Justice of the Orissa High Court. He will take charge
as the CJ following the superannuation of the incumbent CJ Justice S Muralidhar on 7th August 2023.
Highlights:
i.Justice Desai, as the senior most puisne judge of the Gujarat High Court, had been performing the duties of the
CJ of Gujarat High Court following the retirement of Justice Sonia G Gokani in February 2023.
• He will also be the only judge from Gujarat high court to represent among the CJs of high courts.
ii.Justice Talapatra is the seniormost puisne judge from his parent Tripura High Court. He is currently serving
in the Orissa High Court on transfer.
• The Tripura High Court has not got representation among the CJ of High Courts since its inception in
2013.
Note: Puisne judge, judges who are ranked lower in seniority, i.e., any judge other than the Chief Justice of that
court.
Key Points:
i.With the present appointments, out of the 25 HCs, Bombay and Manipur HCs will be only two high courts
having acting CJs.
• Justice Nitin Jamdar acting CJ of Bombay HC and Justice M. V. Muralidaran acting CJ of Manipur HC.
ii.Along with the appointments the new CJs, the centre had also notified the transfer of justice P Sam Koshy, a
judge from Chhattisgarh high court to Telangana HC.
MoS gives 3 month extension to Amitava Mukherjee’s tenure as CMD of NMDC & NSL
The Ministry of Steel(MoS) has extended tenure of the Amitava Mukherjee as the Chairman-cum-Managing
Director(CMD) Additional charge of NMDC Limited Formerly known as National Mineral Development
Corporation) and NMDC Steel Ltd (NSL), a wholly owned subsidiary of NMDC Ltd for 3 months.
• The extended tenure comes into effect from 1st
September 2023 to 19th November 2023 or till a
regular CMD is appointed or until further orders,
whichever is the earliest.
• Mukherjee is a Director (Finance) at NMDC Ltd who
holds the additional charge of the CMD of NMDC since
13th March 2023 and additional charge of CMD of NSL,
since 21st March 2023.
• 19th November 2023 marks the date of completion of his
tenure as Director (Finance) of NMDC Ltd.
Note: Previously, in June 2023, he got a 3 months extension to his tenure as CMD of NMDC and NSL with effect
from 1st June 2023 to 31st August 2023.
About Amitava Mukherjee:
i.He joined NMDC as Director (Finance) in 2018. Prior to this, he served as General Manager (Finance) in Rail

Vikas Nigam Limited (RVNL) for 3 years.
ii.He is on the Board of nine subsidiaries/ associate/joint venture Companies of NMDC. He also holds the
position of Chairman in BRPL.
iii.He belongs to the 1995 batch of Indian Railway Accounts Services (IRAS) and held key positions in the
Eastern Railways during his service in IRAS from 1997-2016.
iv.Before joining IRAS, he worked at Indian Oil Corporation Limited (IOCL) from 1994-1997.
About NMDC Limited:
Chairman & Managing Director (Additional Charge)– Amitava Mukherjee
Headquarters– Hyderabad, Telangana.
Ritesh Chauhan (IAS) Given Additional Charge as MD of NAFED

Ritesh Chauhan, a 2005 batch IAS officer of Himachal Pradesh(HP) cadre has been given additional charge of
the post of Managing Director(MD), National Agricultural Cooperative Marketing Federation of India Ltd.
(NAFED) under Department of Agriculture & Farmers Welfare (DAC & FW), Ministry of Agriculture & Farmers
Welfare.
• He is currently serving as Chief Executive Officer(CEO), Pradhan Mantri Fasal Bima Yojana (PMFBY)
& Joint Secretary in the Ministry of Agriculture.
He is posted for a period of 3 months w.e.f. 01.05.2023 or till the appointment of regular incumbent or until
further orders, whichever is earlier.
Pedro Sánchez named caretaker PM of Spain After Inconclusive Election

On 25th July 2023, Pedro Sánchez, General Secretary of Spanish Socialist Workers’ party (Spanish acronym:
PSOE) was formally named as caretaker Prime Minister (PM) of Spain. The interim government will remain in
power until a resolution is reached for the political uncertainty that emerged from the inconclusive elections
held on 23rd July 2023.
• Pedro Sánchez has been the 7th PM of Spain (officially
president of the Government of Spain) since 2018.
• In 2018, he became the first politician from Spain to
unseat a PM (Mariano Rajoy) through a motion of no-
confidence.
Note – A caretaker Prime Minister, also known as an interim Prime
Minister, is a temporary leader appointed during a period of
political transition or uncertainty until a new government is
formed or the political situation is resolved.
Background:
i.The election held on 23rd July 2023 was called by the PM Pedro Sánchez after his party PSOE lost in the
regional and municipal elections took place in May 2023.
ii.The general election of Spain held on 23rd July 2023, conservative People’s Party (PP) won 136 seats and the
far right Vox Party won 33 seats.
iii.The coalition of PP and Vox jointly won 169 seats, 7 short of an absolute majority of 176 in Spain’s 350 seat
parliament.
iv.Spanish Socialist Workers’ party (PSOE) finished 2nd with 112 seats.
v.The PSOE and its allies in the new, far-left Sumar coalition won a total of 153 seats.
About Pedro Sánchez:
i.Pedro Sánchez, born in Madrid (Spain) in 1972, and in 1993 he joined the PSOE party of Spain and is serving
as the General Secretary of the party.
ii.He worked as an adviser at the European Parliament and was a member of the cabinet office of the United
Nations High Representative for Bosnia Herzegovina.

iii.He was also served as the Leader of the Opposition and candidate to the Presidency of the Government
between 2014 and 2016.
iv.Prior to that, he served as a Member of the Lower House of Parliament for the constituency of Madrid and a
City Councillor for Madrid, Spain.
About Spain:
Capital– Madrid
Prime Minister– Pedro Sánchez (interim)
Currency– Euro
UAE Minister for Foreign Trade has been Elected as Chair of WTO’s MC13
On 24th July 2023, Dr. Thani bin Ahmed Al Zeyoudi, United Arab Emirates (UAE) Minister of State for Foreign
Trade has been elected as the chair of the World Trade Organisation’s (WTO) 13th Ministerial Conference
(MC13).
• The announcement was made during the WTO General Council in Geneva, Switzerland where Dr Al
Zeyoudi met with the WTO director general Ngozi Okonjo-Iweala.
The MC13 which will be held at the Abu Dhabi National Exhibition Centre, Abu Dhabi,United Arab Emirates
from 26th to 29th of February 2024 will be attended by representatives from the 164 countries and customs
blocs that make up the WTO.
Jim Skea of UK elected as the Chair of IPCC

On 26th July 2023, James Ferguson ‘Jim’ Skea of the United Kingdom (UK) was elected as the new chair of the
Intergovernmental Panel on Climate Change (IPCC) an intergovernmental body of the United Nations(UN) that
works to advance scientific knowledge about climate change caused by human activities.
• The election was held at the United Nations
Environment Programme headquarters in Nairobi,
Kenya.
• He was elected by 90 votes to 69 in a run-off with
Thelma Krug of Brazil.
• As the new chair of IPCC, Jim Skea will lead the Panel
through its 7th assessment cycle.
Points to note:
i.The IPCC completed its Sixth Assessment Report (AR6) in March
2023.
ii.Hoesung Lee of South Korea served as the Chair of IPCC since October 2015.
About the Election of IPCC Chair:
i.Thelma Krug (Brazil); Debra Roberts (South Africa); Jim Skea (UK); Jean-Pascal van Ypersele (Belgium) were
the candidates nominated for the post of IPCC chair.
ii.Among the 4 candidates 2 were women. Thelma Krug, an IPCC vice-chair and former researcher at National
Space Institute, Brazil and Debra Roberts, co-chair of an IPCC working group investigating the effects of climate
change on societies and ecosystems.
iii.This was the first elections in the history of the IPCC with women candidates running for the chair of IPCC.
About Jim Skea:
i.He served as a member of the IPCC Bureau since 2008 and he has nearly 40 years of experience and expertise
in climate science.
ii.He served as the Research Director of the UK Energy Research Centre (UKERC) from 2004-2012.
iii.He co-led the IPCC’s landmark Special Reports on “Global Warming of 1.5 °C” in 2018 and “Climate Change
and Land” in 2019 and the 2022 Report on the Mitigation of Climate Change.
iv.He was a co-author of the 2023 Sixth Assessment Synthesis Report.

About Intergovernmental Panel on Climate Change (IPCC):
It was established by the United Nations Environment Programme (UNEP) and the World Meteorological
Organization (WMO) in 1988
Chairperson– James Ferguson ‘Jim’ Skea
India’s UN Ambassador Ruchira Kamboj, Assumes the Chairmanship of 62nd Session of CsocD
India’s Permanent Representative to the United Nations (UN), Ambassador Ruchira Kamboj, has assumed the
chairmanship of the 62nd Session of the Commission for Social Development (CSocD62).
Note: CSocD meets annually in New York, The United States of
America(USA), usually in February.
Background:
i.On 15th February 2023, India has been elected as the chair of the
62nd session of the UNCSocD, during the 13th plenary meeting-
61st session of the commission for social development. India will
hold its term until 2027.
ii.The commission elected Ruchira Kamboj as the chair of CSocD62
and Carla María Carlson, Counsellor at the Permanent Mission of
the Dominican Republic; H.E. Jon Ivanovski, Deputy Permanent Representative at the Permanent Mission
of North Macedonia; and Thomas Lammar, Counsellor at the Permanent Mission of Luxembourg were also
elected as the Vice Chairpersons of the CSocD62.
iii.For the first time since 1975, India has been elected as the chair of CSocD.
CSocD62 theme:
i.The central theme for the CSocD62 is “Fostering Social Development and Social Justice through Social Policies
to accelerate Progress on the Implementation of the 2030 Agenda for Sustainable Development and to achieve
the overarching goal of poverty eradication”.
• The theme underscores the vital connection between social development and social justice as they
form the bedrock for achieving the Sustainable Development Goals (SDGs).
About United Nation’s Commission for Social Development (UN CSocD):
CSocD, originally known as the Social Commission (renamed in 1966), was established by ECOSOC res. 10 (II)
(1946).
i.CSocD is one of the key commissions tasked with monitoring and carrying out the Copenhagen Declaration
and Programme of Action.
ii.It was established by the Economic and Social Council (ECOSOC).
iii.The commission’s goal is to advise the ECOSOC, on social issues that are not covered by specialized
intergovernmental organizations.
iv.It consists of 46 members, elected by the ECOSOC for 4-year terms based on equitable geographical
distribution.
ACQUISITION & MERGERS

IDFC Ltd to merge with IDFC First Bank in a share exchange ratio of 155:100
On 3rd July 2023, the board of directors of IDFC First Bank Limited approved the scheme of amalgamation of
IDFC Limited with IDFC First bank and the share exchange ratio is fixed at 155:100.
• IDFC First Bank has proposed to complete the merger by the end of 2023.
The scheme is subjected to receipt of requisite approvals from e Reserve Bank of India (RBI), Securities and
Exchange Board of India (SEBI), the Competition Commission of India (CCI), the National Company Law
Tribunal(NCLT), BSE Limited (formerly Bombay Stock Exchange) and the National Stock Exchange of India

Limited (NSE India) and other statutory and regulatory authorities and shareholders.
About the Scheme of Amalgamation:
i.Following the merger, shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares
held in the former
• The Share Exchange Ratio for the proposed merger shall be 155 equity shares of face value of Rs 10
each fully paid-up of IDFC FIRST Bank for every 100 equity shares of face value of Rs 10 each fully
paid-up of IDFC Limited.
ii. With this merger, the IDFC Limited’s shareholders will become the direct shareholders of IDFC First Bank.
Note: This will be the second major merger deal in the financial sector in 2023 after HDFC Bank merged with
Housing Development Finance Corporation (HDFC).
2 Step Process:
i.The IDFC group rejig scheme is a two-step process.
• First, IDFC Financial Holding Company Limited (HFCL) will be amalgamated with IDFC Limited.
• Second, the IDFC Limited will amalgamate with IDFC First Bank.
ii. The reduction of the securities premium account of IDFC First Bank is a part of the scheme.
iii. The companies have successfully completed all the stages of corporate simplifications, as stated in an
exchange filing, the next phase involves amalgamation with IDFC First Bank Limited.
Outcomes of the merger:
i. The merger will lead to simplification of the corporate structure of IDFC HFCL, IDFC Ltd, and IDFC First Bank
by consolidating them into a single entity and will help streamline the regulatory compliances of the previous
entities.
ii. This will also support the creation of an institution with diversified public and institutional shareholders
with no promoter holding.
iii. As a result of the proposed merger, the standalone book value per share of the IDFC First bank would
increase by 4.9% as calculated on audited financials as of March 31, 2023.
Additional Info:
As per RBI’s licensing rules on February 22, 2013, IDFC as a promoter was required to hold a minimum of 40%
equity in the bank for 5 years till September 30, 2020. Since then, IDFC got approval from RBI to merge IDFC
and its holding company (IDFC HFCL) with the bank.
CCI approves acquisition of Marnix Lux by Concentrix Corporation

On 4th July 2023, the Competition Commission of India (CCI) approved the indirect acquisition of Marnix Lux
SA (Marnix Lux) by Concentrix Corporation, and acquisition of approximately 22% shareholding in combined
company by the shareholders of Marnix Lux.
i.The acquirer Concentrix Corporation is a United States of America(USA) based publicly listed company,
engaged in providing customer experience services, a segment of Information Technology and Information
Technology enabled services.
ii.The target company Marnix Lux is the parent company of Webhelp, which is active in the provision of
business process outsourcing services and specialised services.
LIC Reduces 2% Stake in India Cements Through Open Market Transactions

Life Insurance Corp (LIC),Indian state-owned insurance group and investment company has reduced its stake
by 2% in India Cements Ltd from 5.87% to 3.83%. The reduction has taken place between November 2017 and
July 2023 through open market transactions.
• Post the sale of 63.28 lakh share, LIC currently holds 1.19 crore shares of India Cements.
Note: India Cements currently runs eight integrated plants and two grinding units across India, with a total
cement production capacity of around 15.5Mta (million tons per annum).

GQG Partners invested around Rs.2400 crore and acquired 5.96% stake in Patanjali Foods
On 14th July 2023, GQG Partners LLC, a Florida (The United States of America)-based asset management firm
led by Rajiv Jain, acquired a 5.96% stake (about 2.15 crore shares) in the Patanjali Foods Limited (formerly
known as Ruchi Soya Industries Limited), a manufacturer of consumer packaged foods in India, for Rs 2400
crore through the Offer-for-sale (OFS) process initiated by Patanjali Foods.
• The floor price was kept at Rs 1,000 per share but allotment to non-retail investors was done at a
share price of Rs 1,103.80.
• In July 2023, Patanjali Ayurved, primary promoter Patanjali Foods, announced its plan to divest
around 7% of its stake for Rs 2,533.9 crore via an OFS to meet the Securities and Exchange Board of
India (SEBI)’s minimum public shareholding norm of 25%. Following the sale, shareholding of
Patanjali Ayurved has come down to 73.82%.
Note: In March 2023, GQG Partners invested around USD 3.2 billion in Adani Group firms led by Gautam Adani.
M&M buys 3.5% stake in RBL Bank for Rs 417 crore

On 26th July 2023, Mahindra & Mahindra Limited (M&M), automotive manufacturing company of Mahindra
group, acquired a 3. 53% stake in Mumbai(Maharashtra) based RBL Bank, formerly known as Ratnakar Bank,
for Rs 417 crore.
• This is the first significant move by a manufacturing sector to venture into a private bank, after new
norms of Reserve Bank of India(RBI) in 2021.
• There is also a scope for further investments of Mahindra & Mahindra subjected to the cap of 9. 9%
New norms of Reserve Bank of India(RBI) – 2021:
i.Industrial houses can hold upto 10% stake in banks, but cannot be their promoters.
ii.Financial institutions, supranational institutions, public sector undertaking and central/state government can
hold upto 10% stake in banks, but cannot be their promoters.
iii.Banking company(after the completion of business of 15 years) can hold upto 26% stake in banks, but can be
their promoters.
Additional Info:
As per RBI norms, any entity looking to acquire over 5% stake in a bank needs to seek prior approval from the
regulator.
About RBL Bank:
Managing Director(MD) & Chief Executive Officer(CEO) – R Subramaniakumar
Tagline – Apno ka Bank
CCI approves Acquisition of 59.38% stake in Unichem by Ipca Labs

The Competition Commission of India (CCI), the competition regulator in India, approved the proposed
combination involving acquisition of shareholding up to 59.38% of stake in Unichem Laboratories Limited by
Ipca Laboratories Limited.
Acquirer: Ipca Laboratories Limited.
Target: Unichem Laboratories Limited.
Background:
i.In April 2023, The Acquirer entered into a definitive share purchase agreement for acquisition of one-third
(2.35 crore shares at Rs 440/ share) of the Target overall shareholding for a cash consideration of Rs 1,034
crore.
ii.As per the acquisition regulations of Securities and Exchange Board of India (SEBI), the Acquirer also made
an open offer to acquire up to 26% of the shares of the Target at Rs 440 apiece, aggregating to Rs 805.4 crore.
Highlights:
i.The proposed combination pertains to proposed acquisition of approximately 33.38% of the issued and paid-

up equity voting share capital (on a fully diluted basis) of the Target by the Acquirer pursuant to a share
purchase agreement.
ii.Additionally, since the Acquirer is acquiring more than 25% shareholding in the Target, which is a listed
company, the Acquirer is required to make an open offer for the purchase of equity shares up to 26% of the
Target’s equity share capital in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011.
iii.Accordingly, the Acquirer will acquire up to 59.38% shareholding of the Target (Proposed Combination).
Note:
• Ipca Laboratories Limited, a fully-integrated pharmaceutical company that manufactures
formulations and Active Pharmaceutical Ingredients (APIs) for various therapeutic segments.
Unichem Laboratories Limited is active in the sale of formulations, APIs, intermediates, and contract
manufactured finished formulation dosages, globally.
Future Generali India Life partnered with JM Financial to Elevate Insurance Products
Future Generali India Life Insurance Company Limited (FGILI), a joint venture (JV) between the Generali
Group and the Future Group, partnered with JM Financial Services Limited (JM Financial), an integrated and
diversified financial services group, to expand its product offerings and market presence across India.
• The partnership will help the insurer expand its product portfolio and leverage the distribution and
financial advisory capabilities of JM Financial to offer innovative products.
• It will enable FGILI to reach a larger customer base of 2.20 lakh and serves to the various needs of
individuals, corporations, and financial institutions.
SCIENCE & TECHNOLOGY

SpaceX launched ESA’s Euclid mission to explore Dark Universe
On 1st July 2023, the European Space Agency (ESA)’s Euclid Spacecraft was launched aboard SpaceX’s Falcon
9 rocket from Cape Canaveral, Florida, the United States of America(USA).
• ESA’s Euclid mission is designed to explore the composition and evolution of the dark
Universe(dark energy and dark matter) using a wide-angle telescope to survey galaxies as far away
as 10 billion light-years from Earth.
Destination:
Its operational orbit will be halo around a point known as
the Sun-Earth Lagrange point 2 (L2), at an average distance
of 1.5 million km beyond Earth’s orbit.
About Euclid Spacecraft:
i.The Euclid spacecraft, approximately 4.7 m tall and 3.7 m in
diameter, will have a launch mass of around 2100 kg.
The nominal mission lifetime is 6 years.
ii.The Euclid spacecraft is made up of 2 major assemblies:
• payload module – 1.2-m-diameter telescope(Euclid
Telescope) and two scientific instruments: a visible-wavelength camera (the VISible instrument,
VIS) and a near-infrared camera/spectrometer (the Near-Infrared Spectrometer and Photometer,
NISP)
• service module – contains the satellite systems: power distribution, attitude control, propulsion,
telecommand, telemetry and data handling.
ESA’s Euclid Mission:
The mission is the second medium-class mission (M2) in the Cosmic Vision program (2015-2025) adopted by
ESA’s Science Program Committee (SPC) in June 2012, and launched on July 1, 2023.

About Euclid Space Telescope:
i.It is named after the Greek mathematician, Euclid of Alexandria, known as the “father of geometry”.
ii.It plans to explore the origin and components of the Universe and the fundamental laws that govern it by
remaining operational for a minimum of six years.
iii.The telescope will deliver images that are at least four times sharper than ground-based ones.
iv.It looks at the shapes and movement of galaxies from different points between the pull of gravity and the
push of dark energy.
About European Space Agency (ESA):
ESA is an intergovernmental organisation of 22 member states dedicated to the exploration of space.
Created in 1975.
Director General– Josef Aschbacher
Headquarters– Paris, France
SpaceX’s Falcon Heavy launches Hughes JUPITER 3, World’s Largest Commercial Satellite
On 28th July 2023, Space Exploration Technologies Corporation (SpaceX)’s Falcon Heavy Rocket launched the
Hughes JUPITER 3 mission(EchoStar XXIV), the world’s largest commercial communications satellite, to the
Geosynchronous Transfer Orbit(GTO) from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida,
the United States of America(USA).
• This mark’s Falcon Heavy’s 7th launch since its
debut in 2018 and the 3rd launch and SpaceX’s
51st mission in 2023.
Note: With the total payload mass of 9.2 metric tons, Jupiter 3
is the heaviest geostationary satellite ever launched.
About Hughes JUPITER™ 3:
i.Echostar, Hughes’ parent company, ordered Jupiter 3 from
Maxar in 2017
ii.The rocket will provide wireless internet connectivity over
North and South America. Once operational, will “support in-
flight Wi-Fi, maritime connections, enterprise networks, backhaul for Mobile Network Operators (MNOs), and
Community Wi-Fi solutions
iii.It has 500 Gigabits per second (Gbps) capacity that will double the capacity of the Hughes JUPITER satellite
fleet.
JUPITER Fleet
i.JUPITER fleet total capacity: More than 1 TeraBits Per Second (Tbps)
ii.JUPITER 1 (EchoStar XVII): Launched in July 2012 with 120 Gbps capacity
iii.JUPITER 2 (EchoStar XIX): Launched in December 2016 with 200 Gbps capacity
About Falcon Heavy :
• As one of the world’s most powerful operational rockets, three-fuselage(three reusable Falcon 9
nine-engine cores) Falcon Heavy is a heavy-lift launch vehicle that can carry cargo of 64 metric tons
or 141,000 lbs into Earth orbit.
• Falcon Heavy, which can exert over 5 million pounds of thrust at liftoff and is capable of delivering
26.7 metric tons to GTO, is more than up to the task.
About Space Exploration Technologies Corporation (SpaceX)
Chief Executive Officer(CEO) – Elon Musk
Headquarters – California, United States of America(USA)

SpaceX Gets license from Mongolia to offer high-speed internet via Starlink Satellites
The government of Mongolia has granted 2 licenses to the SpaceX, owned by Elon Musk, to function as an
internet service provider utilizing Starlink, satellite
communications service operated by SpaceX.
• Following this, SpaceX will provide high speed
connectivity through Starlink to the internet users in
Mongolia.
Background:
The collaboration between the government of Mongolian and
SpaceX was formally initiated in February 2023 during the
Mobile World Congress(MWC) 2023 held in Barcelona, Spain
from 27 February to 2 March 2023.
Note: Starlink has established a network of more than 3,500 satellites in Low-Earth Orbit (LEO) that can
provide connectivity in remote areas.
Key Points:
i.At present, Mongolia has an extensive network of fiber optic cables which provides access to high speed
internet.
ii.The introduction of starlink technology will enhance the connectivity to the underserved locations, that are
difficult to reach.
About Mongolia:
Prime Minister– Luvsannamsrai Oyun-Erdene
Currency– Mongolian Tugrik
Capital– Ulaanbaatar
Pixxel Wins the iDEX Prime (Space) Grant to Develop Miniaturized Multi-Payload Satellites for
IAF
Pixxel, a Bengaluru(Karnataka)-based private space data company, won a multi-crore grant from the
Innovations for Defence Excellence (iDEX) under the Ministry of Defence(MoD) for
the Mission DefSpace Challenge under iDEX Prime (Space), to manufacture miniaturised multi-payload
satellites for the Indian Air Force (IAF).This was received as a part of the SPARK (Support for Prototype
and Research Kickstart (in Defence)) grants by iDEX.
Benefits of the Grant:
i.Under the grant from iDEX, Pixxel will develop small
satellites of up to 150 kilograms (Kgs) for Electro-Optical,
Infrared (IR), Synthetic Aperture Radar and Hyper Spectral
purposes.
ii.Pixxel will utilize its expertise of building microsatellites in-
house to manufacture satellites externally for the first time.
About Mission DefSpace:
i.Mission DefSpace, launched by Prime Minister Narendra
Modi during DefExpo in October, 2022 with 75 Defence Space Challenges relevant to the end users.
ii.The challenges are classied into 5 buckets: launch system, satellite system, communication and payload
system, ground system, and software system.
iii.The mission aims to encourage technology development in space for defence applications by startups and
young entrepreneurs through various initiatives of MoD, including iDEX.
Aim of the Grant:
To develop technologies, addressing each and every stage of a space mission from mission planning and
manufacturing to satellite data analytics and more.

SPARK Grants:
The SPARK grants offered to select start-ups through the iDEX (Prime) and Defence India Start-up Challenges
(DISC), intended to promote innovation by empowering Indian innovators and entrepreneurs in India.
Note: Pixxel emerged as the winner of the grant due to its outstanding pioneering technology in the area of
hyperspectral satellite manufacturing.
Key Points:
i.This grant marks the entry of Pixxel into the defence sector and will now manufacture small satellites for the
Indian Defence sector.
ii.Pixxel as a leading innovator in the space tech sector, building and launching made in India and the world’s
highest-resolution commercial hyperspectral imaging satellites of earth at daily frequencies.
iii.Pixxel has launched commercial hyperspectral imaging satellites that provide earth-imaging services to its
customers that include contract for supplying technical hyperspectral imagery to the United States of America
(USA)’s National Reconnaissance Office (NRO).
About Pixxel:
CEO&Co-Founder– Awais Ahmed
Headquarters– Bengaluru, Karnataka
Founded in– 2019
Skyroot successfully tested its Raman-II Engine at ISRO facility in TN

On 20th July 2023, Skyroot Aerospace Private Limited, Hyderabad (Telangana) -based space startup,
successfully tested its Raman-II engine at the Liquid Thruster Test Facility (LTTF) of ISRO(Indian Space
Research Organisation) Propulsion Complex (IPRC) at Mahendragiri, Tirunelveli district, Tamil Nadu(TN).
• The testing was enabled by Indian National Space Promotion and Authorisation Centre (IN-SPACe).
Note:
This facilitation by ISRO highlights its commitment to support
private players, start-ups, and Non-Government Entities (NGEs)
in developing India’s space eco-system.
About the Test of Raman-II:
i.The 10-second duration test achieved the expected
performance in terms of start transient, steady state, and shut-
off.
ii.The test facility systems demonstrated normal performance
during the test, meeting the engine inlet conditions at T0.
iii.The instrumentation systems performed as expected and ensured the accuracy and reliability of the test
results.
About Raman-II Engine:
i.Raman-II engine was designed by Skyroot to generate 820 N(Newton) (Sea Level) and 1460 N (Vacuum)
thrust, with a nominal chamber pressure of 8.5 bar absolute.
ii.The engine was manufactured through additive manufacturing techniques.
iii.It uses Mono Methyl Hydrazine and Nitrogen Tetroxide as propellants.
iv.The engine will be installed into the fourth stage of its launch vehicle, Vikram-I.
About Skyroot Aerospace Private Limited:
Co-founder and Chief Executive Officer (CEO)- Pawan Kumar Chandana
Headquarters- Hyderabad, Telangana
About Indian Space Research Organisation(ISRO):
Chairman- S Somanath
Headquarters- Bengaluru, Karnataka
Established on – 15th August 1969

Ariane-5 rocket launched 2 satellites successfully on its final and 117th mission
On 5th July 2023, the 117th and final launch of Ariane 5, a 53 metre tall, three-stage launcher was
successfully blasted off from Europe’s Spaceport in Kourou, French Guiana toward geostationary orbit to
deliver two military communications satellites namely Syracuse 4B for the France and the Heinrich
Hertz (H2Sat) for the German Governments.
• Ariane 5, a European heavy-lift space launch vehicle
first launched in 1996 has 27 years of experience
with this final launch mission.
• Of Ariane 5’s 117 missions and 239 payloads
delivered to orbit, the launch vehicle has performed
at a 96% success rate.
Note: Ariane 5, failed to reach orbit on its first launch, initiating
an auto-destruct abort after 40 seconds.
Heinrich-Hertz Satellite:
Heinrich-Hertz is an experimental communications satellite
that will test new hardware and serve as a test platform for university and public sector scientific and technical
experiments.
Key Points:
i. The HM7B, a European cryogenic rocket engine which currently powers the upper stage first flew in Ariane 1
also joined the recent Ariane 5 launch, and both are in its final space venture.
ii. This upper stage is an icon to Ariane launches as it helped power 228 missions in the past without fail.
iii. Ariane 5 took part in several launch milestones including the James Webb Telescope in 2021, in partnership
with National Aeronautics and Space Administration (NASA) and the Canadian Space Agency, as well as
Europe’s comet-chasing Rosetta mission, which deployed a landing probe in 2014.
SpaceX launched 22 Starlink v2 satellites to LEO

On 23rd July 2023, the Space Exploration Technologies Corporation (SpaceX) launched 22 Starlink v2
satellites to Low-Earth Orbit (LEO) onboard the Falcon 9 rocket from the Space Launch Complex 40 (SLC-40)
at Cape Canaveral Space Force Base in Florida, the United States of America(USA).
• The Falcon 9 first stage booster returned to Earth
and landed about 8.5 minutes after the lift off on
the “Just Read the Instructions” droneship
stationed in the Atlantic Ocean.
• This marks the 6th flight and landing of the
Falcon 9 first stage booster. It has previously
supported 5 missions including CRS-26, OneWeb
Launch 16, Intelsat IS-40e, and two Starlink
missions.
Key Points:
i.The spacecraft were deployed on the LEO, about 65
minutes after the launch.
ii.SpaceX’s Starlink is the constellation of networked satellites aimed to provide global broadband
communications (internet services to those who are not yet connected).
iii.The Starlink v2 satellite also provide reliable and affordable internet across the globe.
Note: So far SpaceX has launched more than 4,850 Starlink craft to LEO.
About Space Exploration Technologies Corporation (SpaceX):
Founded in– 2002
Chief Executive Officer& Co-Founder– Elon Musk
Headquarters– Hawthorne, California, the United States of America

Greater Chennai Police launched India’s first ‘Police Drone Unit’ in Chennai
On 29th June 2023, The Greater Chennai Police(GCP), a division of the Tamil Nadu(TN) Police, launched
the ‘Police Drone Unit’, the first in India, for aerial surveillance in Chennai, TN.
Director General of Police (DGP) and Head of Police Force C. Sylendra Babu inaugurated the Unit at Besant
Avenue, Adyar, Chennai. The unit was established at a cost of Rs 3.6 crore.
• The unit, has a total of 9 drones under three categories – Quick Response Surveillance drones, heavy-lift
multi-rotor drones, and Long Range Survey wing plane.
• These drones are equipped with built-in artificial intelligence (AI) facilities and can be operated upto 5-
10km from the ground station. The drones with thermal object imaging facilities will also help in night
patrolling
• The drones are equipped with ANPR (automatic number plate registration) cameras which helps to
check vehicles registration data.
It will also help to monitor movements in isolated places and gatherings of anti-social elements
Galactic 01: Virgin Galactic completed first Commercial Spaceflight

On 29th June 2023, Virgin Galactic Holding Inc (SPCE.N), the space company founded by United Kingdom(UK)
entrepreneur Richard Branson, successfully completed its first commercial spaceflight
mission called “Galactic 01”.
• 2 Italian air force officers(Colonel Walter Villadei and Lieutenant Colonel Angelo Landolfi) and an
aerospace engineer from the National Research Council of Italy made the brief suborbital ride with 3
Virgin Galactic crew members.
• The crew flew more than 50 miles (80 km), an altitude recognised as the edge of outer space by the
Government of the United States of America(USA), above the New Mexico desert on a Virgin
Galactic rocket plane.
The Mission started at the Virgin Galactic spaceport in New Mexico, where the passengers were securely
attached beneath the wing of the enormous twin-fuselage mothership known as Virgin Mother Ship (VMS) Eve.
75 minutes after takeoff, the Unity spaceplane landed on a runway at Spaceport America.
Home Minister Amit Shah launched Make in India “Akshar River Cruise” on Sabarmati
Riverfront, Gujarat
On 2nd July 2023, Amit Shah, Union Minister of Home Affairs and Cooperation, virtually launched the
‘Akshar River Cruise‘ on Sabarmati Riverfront in Ahmedabad, Gujarat. This is the first passenger catamaran
built in India under the “Make in India” initiative.
• The Akshar River Cruise is a floating restaurant
developed under Public Private Partnership by Akshar
Travels Private Limited, Ahmedabad Municipal
Corporation (AMC) and Sabarmati Riverfront
Development Corporation Limited (SRFDCL) at a cost
of Rs.15 crore.
• The cruise has a capacity of 165 passengers.
Features of the Akshar River Cruise:
i. The 30-metre-long luxury cruise, with two engines and a two-
hour drive, will help boost tourism with attractions such as live
music and tasty vegetarian and Jain food.
ii. The river cruise is equipped with 180 life safety jackets, a fire sprinkler system against fire.
iii. Emergency rescue boats/life boats have also been designed for the safety of the people.
iv. The cruise has become the centre of various social and cultural activities for everyone including senior
citizens, Children and Youths.

Note:
The riverfront was a brainchild of Prime Minister Narendra Modi, when he was the Gujarat chief minister.
Tourism Initiatives of Gujarat:
Under the Sarhad Darshan Programme (Border visit programme), arrangements have also been made to give
the youth of Gujarat an experience of Nadabet, the Indo-Pak border in Gujarat, where the border security forces
(BSF) performs their duties in difficult circumstances.
James Webb Space Telescope helps researchers unveil 6 new galaxies

In June 2023, National Aeronautics and Space Administration (NASA)’s James Webb Space Telescope (JWST)
has helped researchers identify the earliest galaxies ever seen – within the first 650 million years after the
Universe was born in the Big Bang,
• The project, is known as the JWST Advanced Deep Extragalactic Survey (JADES).
JWST has discovered six Monster galaxies, formed roughly 500-700 million years after the Big Bang,
6 distant galaxies captured by JWST:
i.The record holder (JADES-GS-z13-0)
ii.The glowing dog bone
iii.GN-z11
iv.The big clumpy one
v.The inside-out one
vi.The cosmic rose
Elena Introduces India’s First NavIC – Based PNT Device

Elena Geo Systems,a Space Technology Company and Optimus Logics, two companies based in Bengaluru in
Karnataka, have successfully developed handheld devices called PNT (Positioning, Navigation, and
Timing) that are driven by satellite communications. This project was funded by the Department of
Telecommunications under the Digital Communication Innovation Square (DCIS) scheme.It will become India’s
first hand-held NavIC-based navigation device.
Key highlights:
i.The 1st lot of PNT devices will be manufactured by Elena Geo Systems.
ii.The PNT device consists of a 5G mobile phone and NavIC chip along with its adapter and receiver to be able
to communicate with NavIC satellite.
• Elena’s NavIC chip enables “very accurate” positioning, navigation and timing applications and
could potentially replace the widely-used American Global Positioning System (GPS).
• The Elena’s PNT handheld device provides accurate location and navigation coordinates in high
altitudes where neither Google Map nor Global Positioning System (GPS) functions and could
replace the American GPS.
• Optimus Logics manufactures the 5G mobile phone under the brand name ‘Rhino’, which was
launched by Prime Minister Narendra Modi on August 15, 2022.
iii.These devices will be useful during during disaster management, railway track surveillance and high altitude
emergency situations.
iv.The need to manufacture the PNT device came in September 2019 from the Ministry of Defence to develop
an indigenous product for the Indian armed forces.
v.The device gives an accurate location in forests, remote areas, deep into desert, tracking canals where there
are no mobile towers.
India Launches First 100% DME-Fueled Tractor for Sustainable On and Off-Road Usage
Researchers at Indian Institutes of Technology (IIT) Kanpur have developed the India’s first tractor/vehicle
that operates solely on 100% Dimethyl Ether (DME), an indigenous and renewable fuel. This breakthrough

positions DME as a viable alternative fuel and engine technology for conventional diesel engines used in
agriculture and transportation sectors.
i.The research was supported by the Science and Engineering Research Board (SERB) and was aligned with
NITI Aayog’s ‘Methanol Economy’ program.
ii.This groundbreaking development by IIT Kanpur sets a new benchmark in the field of sustainable
transportation, opening doors to a promising future where renewable fuels drive India’s journey towards a
cleaner and greener environment.
Key Points:
i. Dimethyl Ether (DME) is an indigenous and renewable fuel that has been widely adopted in countries like
the United States, Japan, China, Sweden, Denmark, and Korea for powering vehicles.
ii. The DME-powered tractor presents a cost-effective and environmentally friendly solution for a wide range of
agricultural applications.
About Dimethyl Ether (DME) engines:
• The DME-fueled engine has been shown to achieve higher thermal efficiency while emitting lower
levels of pollutants, including particulate and soot emissions.
The DME-powered tractor presents a cost-effective and environmentally friendly solution for a wide range of
agricultural applications. Its simplified engine technology, free from complex and expensive emission control
devices, ensures user-friendliness and compliance with stringent emission regulations.
ISRO successfully launched LVM3 rocket carrying Chandrayaan-3, India’s third Moon Mission
On July 14, 2023, the Indian Space Research Organisation (ISRO) successfully launched ‘Chandrayaan-3 (Moon
Craft)’ spacecraft into orbit onboard Launch Vehicle Mark-3 Mission 4(LVM3 M4) rocket from SDSC SHAR
(Satish Dhawan Space Centre- Sriharikota Range), Sriharikota, Andhra Pradesh (AP). Under the Chairmanship
of ISRO Sreedhara Panicker Somanath.
• It is India’s third lunar exploration mission after Chandrayaan 1 in 2008, Chandrayaan 2 in 2019.
• LVM3 is responsible for placing the integrated module, comprising the propulsion module, the
lander module, and the rover, in an Elliptic Parking Orbit (EPO) measuring 170 x 36,500 km.
• The Chandrayaan’s 3 mission director – Mohan Kumar, the Vehicle/Rocket Director – Biju C.
Thomas and the Spacecraft Director – Dr P. Veeramuthuvel.
Note: The 642 tonne LVM 3 (formerly GSLV-Geosynchronous
Satellite Launch Vehicle MkIII) is 43.5 metre tall rocket, and is
nicknamed as ‘Bahubali’ or ‘Fat Boy’.
Highlights of Chandrayaan-3:
i.Developed by ISRO, it consists of indigenous Lander module
(LM) called Vikram (Valour), Propulsion Module (PM) and
Rover named Pragyaan (Wisdom) with an objective of
developing and demonstrating new technologies required for
Inter planetary missions.
ii.Objectives: To demonstrate Safe and Soft Landing on Lunar
Surface, To demonstrate Rover roving on the moon and to conduct in-situ scientific experiments.
• In-situ is a Latin phrase meaning “in the original location”.
iii.The spacecraft will take nearly 42 days to reach moon.
iv.The Lander and rover are expected to land near the lunar south pole region on August 23 or 24, 2023.
v.With successful landing, India will be the first country to land spacecraft near Moon’s South Pole at 70
degrees latitude, and the 4th country to soft land on the moon after the United States (US) with its Surveyor 1 in
1966; Soviet Union/Russia’s Luna 9 in 1966, and China with Chang’s 3 in 2013.
vi.The mission life of Lander & Rover is One lunar day (~14 Earth days), and their Landing Site (Prime) is 4 km
x 2.4 km 69.367621 S, 32.348126 E.

vii.The moon’s south pole region has been chosen because of a possibility of presence of water/ice molecules in
the deep craters in this region. This was indicated by the Chandrayaan-1 mission.
• The presence of water ice that could support a future space station.
• Also, the conditions on this region of the Moon could hold clues about the early solar system and the
history of Earth.
Highlights of Mission Sequence:
The Mission is classified into multiple phases which is broadly classified into three:
• Earth Centric Phase (Phase-1) which includes, Pre-launch Phase; Launch and Ascent Phase;
and Earth-bound Manoeuvre Phase (orbit-raising manoeuvre).
• Lunar Transfer Phase (Phase-2) – the transfer trajectory phase.
• Moon Centric Phase which includes Lunar Orbit Insertion Phase (LOI)-(Phase-3); Moon-bound
Manoeuvre Phase (Phase-4); PM and Lunar Module Separation (Phase-5) and others.
Key Points:
Earth-bound Manoeuvre Phase(orbit-raising manoeuvre) is performed by the ISRO Telemetry Tracking and
Command Network (ISTRAC) in Bengaluru, Karnataka.
Four Earth-bound manoeuvres will be conducted till July 31 and the trans-lunar insertion will take place on
August 1.
• The first orbit-raising manoeuvre was conducted on 15th July 2023 and placed the Chandrayaan-3
spacecraft at the 41,762 km x 173 km orbit (closest to Earth is at 173 km and farthest at 41,762 km).
• The 2nd orbit-raising manoeuvre (Earth-bound apogee firing) was performed on 17th July 2023 and
the spacecraft is now in 41603 km x 226 km orbit.
• The 3rd orbit-raising manoeuvre (Earth-bound perigee firing) was performed on 18th July 2023 and
the 4th manoeuvre is planned for 20th July 2023.

Outlay of Chandrayaan 3:
As per ISRO statements in 2020, its estimated cost is around Rs 615 crore or USD75 Million. Of that, the lander,
rover and propulsion module cost Rs 250 crore and the launch services cost around Rs 365 crore.
• It is one of the most cost-effective space missions as compared to its predecessors.
Mass:
The total for Chandrayaan-3 is 3897.89 Kg consist of the following:
• Propulsion Module: 2148 kg
• Lander Module: 1752 kg including Rover of 26 kg
Click Here for full list of Specifications
Chandrayaan 3: A follow up Mission to Chandrayaan 2
It follow-up to the partially successful Chandrayaan-2 mission, whose lander Vikram and rover Pragyaan
crashed on the Moon’s surface on September 7, 2019. It was expected to launch in 2021 but delayed amid
COVID-19 Pandemic.
• Chandrayaan 3 mission is nearly identical to the Chandrayaan 2 mission, but the Orbiter component
has been replaced with PM.
Details of Chandrayaan 3 Components:
Lander (Vikram):
It is box-shaped, with four landing legs and four landing thrusters of 800 newtons each unlike Vikram on
Chandrayaan-2 which had five 800 Newtons engines with a fifth one being centrally mounted with a fixed
thrust. Additionally, the Chandrayaan-3 lander will be equipped with a Laser Doppler Velocimeter (LDV).
• It have the capability to soft land at a specified lunar site and deploy the Rover which will carry out
in-situ chemical analysis of the lunar surface during the course of its mobility. It consists of the
following Payloads:
i.Radio Anatomy of Moon Bound Hypersensitive ionosphere and Atmosphere (RAMBHA) Langmuir Probe (LP)
to estimate the plasma density and its variations
ii.Chandra’s Surface Thermophysical Experiment (ChaSTE) to measure the thermal conductivity and
temperature
iii.Instrument for Lunar Seismic Activity (ILSA) for measuring the seismicity around the landing site
iv.Laser Retroreflector Array (LRA), a passive experiment, to understand the dynamics of Moon system.
Rover (Pragyaan):
The rover is a tiny, trolley kind of device with wheels. Once the lander lands on the moon, the rover will slide
out of the lander’s belly and crawl over the moon’s surface like a cockroach. It will pick up soil and do
experiments, punch a probe a foot down the surface to check thermal conductivity. Its payloads are:
i.Alpha Particle X-ray Spectrometer (APXS) to determine the elemental composition (Mg (Magnesium), Al
(Aluminium), Si (Silicon), K (Potassium), Ca (Calcium), Ti (Titanium), Fe (Iron)) of Lunar soil and rocks around
the lunar landing site.
ii.Laser Induced Breakdown Spectroscope (LIBS) for deriving the elemental composition in the vicinity of
landing site.
Point to be noted: Both the Lander and the Rover instruments conduct experiments, such as analyzing the
moon soil, checking how the moon’s surface conducts heat, and how quake waves move through the moon
surface.
Propulsion Module (PM):
It is a replacement for orbiter (Chandrayaan 2). The main function of PM is to carry the Lander and the Rover
from launch vehicle injection till final lunar 100 km circular polar orbit and make their separation from itself.
Its payloads are:
i.Spectro-polarimetry of Habitable Planet Earth (SHAPE) to study the spectral and polarimetric
measurements of Earth from the lunar orbit in the near-infrared (NIR) wavelength range (1-1.7 μm).
ii.It also has one scientific payload as a value addition which will be operated post separation of Lander Module.

ESA ground stations support Chandrayaan-3 Moon mission
According to the June 2021 agreement signed by the ESA and ISRO to provide technical support to each other,
including tracking and communication services to upcoming Indian space missions through ESA’s ground
stations.
• The European Space Tracking (ESTRACK) operated by European Space Agency (ESA) will support
the mission
i.ESA’s 15 metre antenna in Kourou, French Guiana, will be used to track Chandrayaan-3 health status after its
lift.
ii.32-metre antenna at Goonhilly Earth Station Ltd in the United Kingdom will track Chandrayaan-3’s
propulsion and lander modules.
iii.Data and telemetry sent back by Chandrayaan-3 arriving via Kourou and Goonhilly will first be forwarded to
ESOC. From there, they will be sent to ISRO for analysis.
iv.Additionally NASA’s Deep Space Network and ISRO’s two own stations (ISRO Spacecraft Command Centre
and ISRO 32 metre Deep Space Antenna at Byalalu, Karnataka) will also track the Chandrayaan-3.
v.In June 2021, ESA and ISRO signed an agreement to provide technical support to each other, including
tracking and communication services to upcoming Indian space missions through ESA’s ground stations.
Scientific experiments to be conducted by Chandrayaan 3:
i.Gather data on the polarization of light reflected by Earth
ii.Measure the density of ions and electrons near the surface of the Moon and its changes over time
iii.Measure the temperature of the moon’s surface near polar region
iv.Scan for moonquakes around landing site, delineating the structure of the lunar crust and mantle
v.Understand the dynamics of the Moon system
The Landing Process:
Chandrayaan 3’s landing process involves three stages: Earth orbit manoeuvres, Trans-lunar injection, and
Lunar orbit manoeuvres. Once completed, the lander separates from the main spacecraft and performs a soft
landing on the moon.
• Soft landing means decelerating from over 6,000 km/h to zero on the moon’s surface.
Key Points:
i.It travels a distance of 384,400 km, circling the Earth independently in an elliptical orbit. It orbits the Earth 5-
6 times, ranging from 170 km to 36,500 km, before moving towards the lunar orbit.
ii.When the spacecraft is about 100 km from the moon, the lander detaches and begins its descent. It uses four
thrusters to slow down its descent, reaching a speed of 2 meters per second before touchdown.
How does the data collected by the lander and rover reach the earth?
The data collected by the lander and rover is digitized and transmitted as electromagnetic waves to a receiver
on the circulating PM around the moon. The orbiter module from the previous Chandrayaan-2 mission serves
as a backup with its own receiver. Either the PM or the orbiter will transmit the data back to Earth.
Key Notes:
i.It should be noted that PM, the lander, the rover are all up there forever.
ii.As the moon completes a full rotation on its axis, approximately 29.5 Earth days pass. A moon day and night
both last about 14 Earth days. Since the lander and rover rely on solar panels for electricity, they will remain
operational for one moon day, equivalent to 14 Earth days.
Launch of Vinod Mankara’s ‘Prism: The Ancestral Abode of Rainbow’
National award-winning filmmaker-writer Vinod Mankara’s new book titled ‘Prism: The Ancestral Abode of
Rainbow’ was also released from the rocket launchpad at SDSC.
• It was released by ISRO Chairman Sreedhara Panicker Somanath and handed over to Vikram
Sarabhai Space Centre (VSSC) Director S Unnikrishnan Nair.

Key Points:
i.It is published by Kozhikode (Kerala)-based Lipi Publications.
ii.It is a collection of 50 interesting articles from various streams of science including space science, astronomy,
biology, anthropology and mathematics. It covers various topics such as the James Webb space telescope, dark
sky tourism, black hole confirmation, the dog Laika’s first space journey, etc.
iii.It is an exploration into the aesthetic and poetic aspects of science.
ISRO Chairman unveils vital facilities for Solid Motor Advancement
On July 12, 2023, a group of vital facilities essential for the enhancement of solid motor realization were
inaugurated by Indian Space Research Organisation (ISRO) Chairman Sreedhara Panicker Somanath from SDSC
SHAR (Satish Dhawan Space Centre- Sriharikota Range), Sriharikota, Andhra Pradesh (AP).
• SDSC-SHAR is responsible for the development of solid motors/ segments for ISRO’s acclaimed
launch vehicles. Now, it aims to set up 29 primary and 16 auxiliary facilities to enhance its
capabilities in solid propellant processing.
• This inauguration is the first phase of this initiative by introducing five key facilities dedicated to
solid propellant mixing, casting, machining, and non-destructive testing of cast segments.
About Indian Space Research Organisation (ISRO):
Chairman– S. Somanath
Headquarters– Bengaluru, Karnataka
IN-SPACe Issues an Expression of Interest for SSLV Tech Transfer

On 11th July 2023, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) issued an
expression of interest (EoI) for the first-of-its-kind Transfer of Technology (ToT) of the small satellite launch
vehicle (SSLV) to Indian private Space firms.
• The aim of this initiative is to boost the Indian
Private Space Industries.
The recipient of this ToT would be able to grow the small
satellite segment in a big way, paving the way for India to
become the global hub for such launches.
About Small Satellite Launch Vehicle (SSLV):
i.SSLV is a 3 stage Launch Vehicle configured with 3 Solid
Propulsion Stages and liquid propulsion based Velocity
Trimming Module (VTM) as a terminal stage.
• SSLV is 2m in diameter and 34m in length with lift
off weight of ~120 tonnes.
• SSLV is capable of launching 500kg satellite in 500km planar orbit.
ii.So far, Indian Space Research Organisation (ISRO) has flown the SSLV only twice and only one of those
missions were successful.
• The first developmental flight SSLV-D1/EOS-02 Mission was launched on 7th August 2022 from
Satish Dhawan Space Centre (SDSC), in Sriharikota, Andhra Pradesh(AP). The mission fell short of
placing the satellites (Earth observation satellite (EOS-02) and AzaadiSAT satellites) into their
intended orbits.
• The 2nd developmental flight SSLV-D2, launched on February 10, 2023, became the first SSLV to
launch satellites successfully. The mission placed EOS-07, Janus-1 and AzaadiSAT-2 satellites into
450 km circular orbit.
Note:
For the first time, in August 2019, ISRO’s commercial arm NewSpace India issued an EoI to manufacture 5 Polar
Satellite Launch Vehicles (PSLV) as the first lot of its target to realise 12 PSLV rockets per year from the
domestic private sector.

Voyager Space signed an MoU with ISRO to use Gaganyaan crew spacecraft
On 7th July 2023, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and ISRO’s Human
Space Flight Centre (HSFC) signed a Memorandum of Understanding (MoU) with the Voyager Space to explore
opportunities for the utilisation of the Gaganyaan crewed spacecraft to service Starlab space station.
• The MoU was signed during the 4th edition of the Space Economy Leaders Meeting (SLEM)
organised under Under India’s presidency of the Group of Twenty (G20).
• The meeting under the theme ‘Towards a New Space ERA (Economy, Responsibility, Alliance)”, was
held from 6th to 7th July 2023 in Bengaluru, Karnataka.
• The objective of this agreement is to explore opportunities for the utilisation of the Gaganyaan
crewed spacecraft to service Starlab space station.
About Voyager Space:
i.Voyager Space is a Private Space firm founded in 2019 in Denver, Colorado, the United States of America
(USA).
ii.Starlab is partially funded by National Aeronautics and Space Administration (NASA), planned to be launched
in 2028 to develop a commercial space station in Low-Earth Orbit (LEO).
iii.Voyager space collaborated with Lockheed Martin, Nanoracks and Airbus Defence to build the Starlab space
station.
About Gaganyaan mission:
i.Gaganyaan is India’s first crewed mission by the ISRO to send 3 crew members to an orbit of 400 km for a 3
days mission.
ii.Gaganyaan will consist of two parts, the crew module (CM) also known as Gaganyaan Spacecraft and the
service module (SM), which together will form the orbital module.
iii.Gaganyaan Spacecraft will carry India’s heaviest rocket Geosynchronous Satellite Launch Vehicle (GSLV Mk-
3), also known as the Launch Vehicle Mark III (LVM3).
China Successfully Launches World’s First Methane-Powered Rocket to Space

On July 12 2023, LandSpace, a Chinese private aerospace company became the world’s first aerospace company
to launch a two-stage rocket ‘ZhuQue-2 Y-2’ using liquid methane as fuel and liquid oxygen (LOx) as oxidizer.
The rocket was launched from Jiuquan Satellite Launch Centre in the Gobi desert, China.
• A test payload was deposited into the Sun-
Synchronous Orbit (SSO)
• The launch was the second attempt for the Zhuque-2
Y-2 rocket, following a failed initial launch of
Zhuque-2 Y-1 in December, 2022.
Methane engines:
i. The exceptional performance and cost-effectiveness of
methane engines have potential to produce methane by
combining water and carbon dioxide in space.
ii. The technology holds great promise for reusable rockets,
positioning it at the forefront of the new era of rocketry
Note: In April 2023, Beijing Tianbing Technology Co (Tianlong-2) from China became the world’s first private
company to reach orbit on its inaugural attempt.
Across the globe, researchers and engineers are actively involved in the research and development of various
types of reusable rockets powered by liquid oxygen and liquid methane.
In the United States of America: Terran 1 from Relativity Space in March 2023 and SpaceX’s Starship in April
2023 failed with the use of methane-powered engines.
In India: Indian Space Research Organisation (ISRO) is currently engaged in the development of two engines
referred to as “LOx methane” engines at ISRO’s Liquid Propulsion Systems Centre in Trivandrum, kerala.
i. The first project is dedicated to the conversion of the existing cryogenic engine, which presently relies on

liquid hydrogen as fuel, into a LOx methane engine.
ii. The second project aims to create a smaller engine, equipped with an electric motor, capable of producing a
thrust capacity of three tonnes.
About People’s Republic of China:
President – Xi Jinping
Capital – Beijing
Currency – Chinese Yuan (Renminbi-RMB)
2 components of NISAR Satellite jointly developed by NASA-ISRO combined to a single

Spacecraft at ISRO
In June 2023, the engineers at Indian Space Research Organisation (ISRO) facility in Bengaluru, Karnataka
joined the two main components of the NASA-ISRO Synthetic Aperture Radar (NISAR), namely the spacecraft
bus and the radar instrument payload, to create a single spacecraft.
• On 8th March 2023, the payload ( L-band radar and S-band Radar) arrived from the National
Aeronautics and Space Administration (NASA)’s Jet Propulsion Laboratory in Southern California,
the United States of America(USA) to Bengaluru and the bus was built at the ISRO facility.
• NISAR jointly developed by NASA and ISRO is set to launch in early 2024 from the Satish Dhawan
Space Centre in Sriharikota, Andhra Pradesh(AP) atop ISRO’s Geosynchronous Satellite Launch
Vehicle (GSLV) Mark II rocket.
• According to ISRO, NISAR will map the entire globe in 12 days and provide spatially and temporally
consistent data for understanding changes among other observables, the dynamics of forests,
wetlands, and agricultural lands.
The NISAR satellite is currently undergoing performance testing, to be followed by several rounds of
environmental testing to ensure its promptness for launch and meet all of its operational requirements once in
orbit.
14th CEM adopted CEM-Hubs initiative for Scaling Low-Carbon Fuel Production
On July 21, 2023, The Clean Energy Ministerial (CEM) adopted first-of-its-kind ‘Clean Energy Marine Hubs
Initiative (CEM-Hubs)’ for scaling up low carbon fuel production during the 14th Clean Energy Ministerial
(CEM14) and 8th Mission Innovation meeting (CEM14/MI-8) held on July 19-22, 2023 in Goa, India.
• The CEM14/MI-8 meeting was simultaneously organized by the Bureau of Energy Efficiency (BEE),
under the Ministry of Power, and the Department of Science and Technology, Ministry of Science and
Technology, in Goa from 19th to 22nd July 2023.
• CEM was held on the sidelines of 4th G20 (Group of Twenty) Energy Transitions Ministerial Meeting
(ETMM) under India’s G20 Presidency in Goa during July 19-20, 2023.
Theme of CEM14/MI-8: Advancing Clean Energy Together
Aim of CEM14/MI-8: To Bring Together The Global Clean Energy Community.
Note: CEM is a partnership project of the world’s key economies working together to accelerate the global
clean energy transition.
About CEM-Hubs Initiative:
It is a high-level global forum jointly led by private sector and governments across the energy-maritime areas
to promote policies and programs to transform maritime transportation and production hubs for future low-
carbon fuels.
Initiation:
CEM-Hubs was officially launched on September 23, 2022 by the International Chamber of Shipping (ICS), the
International Association of Ports and Harbors (IAPH), and the Clean Energy Maritime Taskforce, It is initially
backed by Canada, Norway, Panama, Uruguay and the United Arab Emirates (UAE).
The initiative is also supported by the International Renewable Energy Agency (IRENA) and the Global Centre

for Maritime Decarbonization (GCMD).
Key Points:
i.Its membership includes countries, companies and industry experts.
ii.The CEM-Hubs initiative and progress will be featured at the 28th Conference of Parties to the United Nation
Framework Convention on Climate Change (UNFCCC COP28) in Dubai, United Arab Emirates (UAE) from
November 30 to December 12, 2023
Reason behind scaling up low carbon fuel production:
i.The maritime industry is not ready for the upcoming surge in low-carbon fuel demand until 2050.
ii.According to the International Renewable Energy Agency (IRENA), the shipping industry will face the
responsibility of transporting at least 50% of all traded low carbon fuels by 2050.
iii.The current lack of production centers, suitable vessels, and adequate port infrastructure poses a significant
obstacle.
iv. At present, the shipping industry has only tested one ship in the global fleet for transporting liquefied
hydrogen, which made a journey from Australia to Japan.
So, through this initiative, maritime value chain will be prepared to cope with the growing need for low-carbon
fuels.
About Clean Energy Ministerial (CEM):
Head of Secretariat– Jean-François Gagné
Headquarters– Within the International Energy Agency (IEA) in Paris, France
NASA, DARPA enlist Lockheed to build Nuclear-Powered Spacecraft

On 26th July 2023, United States Defense Advanced Research Projects Agency (DARPA) and National
Aeronautics and Space Administration (NASA) penned an agreement with Littleton, Colorado based aerospace
and defence firm Lockheed Martin to construct Nuclear Thermal Rocket (NTR) vehicle to use in NASA’s
Demonstration Rocket for Agile Cislunar Operations(DRACO) program for crewed missions to Mars.
• This will help NASA & DARPA jointly to launch a
nuclear-powered satellite as soon as 2027
• The engine uses a nuclear fission reactor to generate
high temperatures which is efficient than chemical
propulsion systems
About Demonstration Rocket for Agile Cislunar
Operations(DRACO) program:
NASA is attempting to develop a nuclear rocket that will take
humanity to Mars and beyond. Under the DRACO program,
NASA aims to have an in-space test of Nuclear Thermal
Propulsion (NPT) within 2027 with an estimate of USD 499 million.
• In 1979, NASA contemplated a manned Mars Mission utilising a nuclear-powered spacecraft known
as Nuclear Engine for Rocket Vehicle Application (NERVA). Unfortunately, the NERVA project
was abandoned.
• Under the agreement with DARPA, Lockheed Martin is responsible for spacecraft design, integration,
and testing.
About Engine:
i.BWX Technologies, based in Lynchburg, Virginia, is responsible for the design and build of the nuclear fission
reactor that will power the engine.
ii.DRACO engine features a nuclear reactor which heats hydrogen from a frigid temperature of minus 420
degrees Fahrenheit to an incredibly hot 4,400 degrees. The resultant hot gas will be expelled through a nozzle
to create the necessary thrust for propulsion.
iii.NASA’s Space Technology Mission Directorate (STMD) is responsible for the overall management and
execution of the nuclear-powered DRACO engine.

Background:
The Defense Advanced Research Projects Agency (DARPA) launched the program in 2021. In January 2023,
NASA joined the program. It was agreed that
• The technical development of the nuclear thermal engine, which will be integrated into DARPA’s
experimental spacecraft, will be led by NASA’s Space Technology Mission Directorate (STMD).
DEFENCE
EXERCISE
India and France Conduct Joint Maritime Exercise off Visakhapatnam
In a demonstration of their strong naval partnership, the Indian Navy and the French Navy carried out a joint
Maritime Partnership Exercise (MPX) in the Bay of Bengal along the coast of Visakhapatnam, Andhra Pradesh.
The exercise involved the participation of Indian Naval Ships INS Rana (a guided missile destroyer) and
INS Sumedha (an indigenously built offshore patrol vessel), alongside the French Navy’s La Fayette class
frigate FS Surcouf.
• During FS Surcouf’s visit to Visakhapatnam from
June 26-29, a range of activities were undertaken to
foster professional and social interactions between
the two navies.
• These activities included sporting events, cross-
deck visits, and exchanges aimed at promoting
mutual understanding and camaraderie.
Key Highlight:
The MPX commenced with INS Rana and INS Sumedha, along
with FS Surcouf, engaging in a series of joint exercises. These
exercises encompassed tactical manoeuvres, replenishment at sea (RAS) approaches, air defence operations,
and cross-deck helicopter operations. The exercises showcased the seamless coordination and interoperability
between the Indian and French naval forces.
• The exercise not only enhanced the naval capabilities of both forces but also emphasised their
shared commitment to maintaining a secure and stable maritime environment in the Bay of Bengal
region.
Additional Info:
i. As strategic partners, the Indian Navy and the French Navy continue to strengthen their bonds through joint
exercises, fostering greater interoperability and reinforcing naval diplomacy between the two nations.
ii. From March 10 to March 11, 2023, a Maritime Partnership Exercise (MPX) took place between the Indian
Navy and the French Navy. During this exercise, the French Navy’s frigate FS La Fayette and Mistral-class
amphibious assault ship FS Dixmude participated alongside the Indian Navy’s guided missile frigate INS
Sahyadri.
Indian Navy Conducts 7th Japan-India Maritime Exercise 2023

Indian Navy (IN) along with Japan Maritime Self Defence Force (JMSDF)conducts the 7th edition of the
bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) in Visakhapatnam, Andhra Pradesh from July 5 to 10,
2023. This edition marks the 11th anniversary of JIMEX, since its inception in 2012.
• JIMEX 23 provides an opportunity for the two navies to learn from each other’s best practices and
facilitate operational interactions to foster mutual cooperation and reaffirm their shared
commitment towards maritime security in the region.

• The exercise is a part of the growing maritime cooperation between India and Japan, which is aimed
at promoting peace and stability in the Indo-Pacific
region.
About Japan-India Maritime Exercise 2023 (JIMEX 23) :
The JIMEX 23 spans six days and consists of two phases.
i. Harbour Phase: The initial phase, known as the Harbour Phase,
will take place in Visakhapatnam. During this phase, participants
will engage in professional discussions, sporting events, and social
interactions.
ii. Sea phase: This phase will be conducted on the open sea,
enabling the two navies to collaborate and refine their warfighting capabilities. Through intricate multi-
discipline operations in the surface, sub-surface, and air domains to enhance their interoperability.
Participants:
Indian Navy (IN): The exercise saw the participation of Indian Naval Ship (INS) Delhi, India’s inaugural
indigenously constructed guided missile destroyer, as well as INS Kamorta, a homegrown Anti-Submarine
Warfare Corvette. Additionally, fleet tanker INS Shakti, a submarine, maritime patrol aircraft P8I and Dornier,
ship-borne helicopters, and fighter aircraft were also a part of the exercise.
Japan Maritime Self Defence Force (JMSDF): JMSDF will be represented by the guided missile
destroyer JS Samidare and its integral helicopters.
SALVEX: 7th Edition of IN-USN Salvage and EOD Exercise held in Kerala
The 7th edition of Indian Navy (IN) – the United States of America (USA) Navy (USN) Salvage and the
Explosive Ordnance Disposal (EOD) exercise, SALVEX was conducted from June 26 to July 6 2023 in Kochi,
Kerala to strengthen US and Indian divers’ capability in diving and salvage techniques.
• The first-ever IN- USN SALVEX was conducted in 2005 and the SALVEX series of exercises have
been conducted annually thereafter, alternately in Indian and US Pacific locations.
Participants:
The exercise witnessed participation from both navies which
included the vessels/Ships: Indian Naval Ship (INS) Nireekshak
and US Naval Ship (USNS) Salvor, as well as Specialist Diving and
EOD teams.
SALVEX Exercise:
i. The Diving teams of both the countries shared maritime rescue
experiences on Maritime Salvage and trained together in various
facets of EOD Operations on land as well at sea over the course of
10 days.
ii. SALVEX also saw conduct of joint training exercises towards enhancing interoperability, cohesiveness and
gaining from best practices mutually in Maritime Salvage and EOD operations.
iii. The constructive engagements on operational terms have improved the skill-sets of the diving teams in a
number of different disciplines such as mine detection and neutralisation, wreck location and salvage.
INS Sunayna participates in CMF Exercise ‘Operation Southern Readiness 2023’ in Seychelles
From July 10-12, 2023, INS (Indian Naval Ship) Sunayna, a second Saryu-class patrol vessel, participated in
two-week long annual training exercise ‘Operation Southern Readiness 2023’, conducted by Combined
Maritime Forces (CMF), in Seychelles to strengthen international collaboration at sea & enhances operational
readiness.
• The exercise was led by CMF’s new maritime security training staff, CTF-154.

• The training exercise onboard was witnessed by a delegation of CMF from Bahrain headed
by Cmde Oliver, Commander of CTF56.
Aim of CMF exercise:
To enhance maritime security, countering piracy to ensure safety and freedom of navigation in the region
Participants:
Navies from the United States (US), United Kingdom (UK), Italy,
Seychelles Defence Forces & Marine Police, and member
nations of EUNAVFOR (European Union Naval Force).
Key Points:
i.Professional interactions, subject matter expert exchanges and
visits were held during the CMF along with lecture and practical
demonstrations on varied aspects of Navigation, VBSS (Basic
and Advanced training), Maritime Domain Awareness and mass
casualty evacuation drills.
ii.A combined yoga session was organised onboard with participation of personnel from Seychelles Defence
Forces and CMF along with the ship’s crew.
About Combined Maritime Forces (CMF):
It is a multi-national naval partnership to promote security, stability and prosperity across approximately 3.2
million square miles of international waters. Its main focus areas are defeating terrorism, preventing piracy,
encouraging regional cooperation, and promoting a safe maritime environment. It has 5 Combined Task Forces
(CTFx):
1. CTF 150 (Maritime Security Operations outside the Arabian Gulf)
2. CTF 151 (Counter-Piracy)
3. CTF 152 (Maritime Security Operations inside the Arabian Gulf)
4. CTF 153 (Red Sea Maritime Security)
5. CTF 154 (Maritime Security Training)
Member nations:
It has 38 members: Australia, Bahrain, Belgium, Brazil, Canada, Denmark, Djibouti, Egypt, France, Germany,
Greece, India, Iraq, Italy, Japan, Jordan, Kenya, Republic of Korea, Kuwait, Malaysia, the Netherlands, New
Zealand, Norway, Oman, Pakistan, the Philippines, Portugal, Qatar, Saudi Arabia, Seychelles, Singapore, Spain,
Thailand, Türkiye, UAE, United Kingdom, United States, and Yemen.
Nomadic Elephant-23: 15th edition of India-Mongolia joint military exercise at Ulaanbaatar,

Mongolia
Nomadic Elephant-2023, the 15th edition of India-Mongolia bilateral joint military exercise is being
conducted at Ulaanbaatar, Mongolia from 17 to 31 July 2023. Indian Army contingent comprising of 43
personnel is participating in the exercise at Mongolia.
Primary Theme: Focus on counter-terrorism operations in
mountainous terrain under United Nations (UN) mandate.
Objective: To build positive military relations, exchange best
practices, develop interoperability, companionship, camaraderie
and friendship between the two nation armies.
Note: On 16th July 2023, Indian Army contingent reached
Ulaanbaatar (Mongolia) by an Indian Air Force (IAF) C-17 aircraft.
Participants:
Participants include soldiers from the Indian Army’s Jammu and
Kashmir Light Infantry Regiment and Unit 084 of the Mongolian Armed Forces.
Key Highlights:
i. The scope of this exercise involves Platoon level Field Training Exercise (FTX).

ii. Indian and Mongolian troops have been engaging in various training activities including endurance training,
reflex firing, room intervention, small team tactics and rock craft training.
iii. These activities between the two armies are designed to enhance their skills, capabilities and also to learn
operational experience from each other during the exercise.
iv. India and Mongolia have a shared commitment to regional security and cooperation. Exercise NOMADIC
ELEPHANT-23 between the Indian Army and Mongolian Army will further promote bilateral relations between
the two nations.
NOMADIC ELEPHANT Exercise:
i. This joint military exercise between India and Mongoliais an annual training event, which is conducted
alternatively in Mongolia and India.
ii. The previous edition (14th edition) of exercise was held at Special Forces Training School, Bakloh in
Himachal Pradesh from 5 to 18 October 2019.
About Mongolia:
Capital– Ulaanbaatar
Prime Minister- Luvsannamsrai Oyun-Erdene
Currency– Mongolian Tugrik
MoU’s & DEALS

L&T and Spain’s Navantia sign an ‘Teaming Agreement to build submarines for Indian Navy
On 10th July 2023, Spain’s shipbuilder Navantia and engineering major Larsen & Toubro Ltd (L&T), India
signed an ‘Teaming Agreement'(TA) in Delhi to jointly bid for a Rs. 43,000-crore (4.8 billion euros) project to
build 6 advanced diesel-electric submarines for the Indian Navy.
• The TA was signed for the purpose of submission of a techno-commercial bid for the Indian
Navy’s Project 75 (India) or P75 (I), a military acquisition initiative and submarine programme
affiliated to India’s Ministry of Defence (MoD) .
• This agreement follows a Memorandum of Understanding (MoU) signed between L&T and Navantia
on 11th April 2023 in Madrid, Spain to bid for the Indian Navy’s P75 (I).
• Under the agreement, Navantia will design the P75(I) submarines based on its S80 class. The first
S80 submarine, launched in 2021, is undergoing sea trials and will be delivered to the Spanish Navy
by end 2023.
Key people:
The pact was signed in the presence of, L&T Chief executive officer(CEO) and Managing Director(MD) S N
Subrahmanyan, Naval Construction Vice President and Member of the Board of Navantia Augustin Alvarez
Blanco and Spanish envoy Jose Maria Ridao Dominquez.
Project 75 (I)
i.It requires Indian bidder to tie up with a foreign collaborator and execute the programme for the delivery of
six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targetted
Indigenous content.
• The environmentally Green AIP is a third-generation system that runs on Bio-Ethanol Stealth
Technology (BEST) and has lower operating and through-life costs.
ii.P75(I) would be the first program to be processed under the ambitious Strategic Partnership (SP) model that
allows domestic defence manufacturers to join hands with foreign defence majors to produce high-end military
platforms to reduce import dependence.
Construction of the submarine:
L&T would build the submarines, while Navantia would design them based on the Spanish state-owned
shipbuilder’s S80 class of submarines and provide the AIP system that lets submarines remain underwater
longer.

Other works of Navantia:
Navantia has been involved in the design and construction of
• the Scorpéne class of submarines together with DCNS (Now Naval Group) of France,
• the Scorpene submarines (Kalvari class) built in India, including hand-holding of the Indian yard.
Note: The P-75I programme is one of the biggest under the Make in India initiative.
About Larsen & Toubro Ltd (L&T):
Chief Executive Officer & Managing Director– S. N. Subrahmanyan
Headquarters- Mumbai
Established- 1938
Indian Army signs contract for procurement of Tactical Access Switch with Tata Advanced
Systems Limited
On 14th July 2023, the Indian Army signed the contract for procurement of Tactical Access Switch with Tata
Advanced Systems Limited under the Make in India model to produce a compact, modular, and strengthen
networking device capable of faster switching, hence increasing the Indian Army’s tactical communication
capability.
• Tactical access switch used for the communication between two tactical army troops. It is
equipped with a non-blocking mode of operation as well as a switching capability for data and Voice.
Recently inducted weapons in Indian Army:
i.The Dhanush howitzer, produced by Advanced Weapons and Equipment India Limited (AWEIL) using
Swedish Bofors technology, entered Eastern Ladakh in 2022. It can effectively target locations up to 48
kilometers away, showcasing its advanced capabilities.
ii.The Army has received the advanced Tata Rajak surveillance system, which can see or detect persons from a
distance of more than 15 kilometres and vehicles from a distance of more than 25 kilometres.
iii.The Made in India Kalyani M4 Quick Reaction Force Vehicle built by Kalyani Group’s Bharat Forge can travel
at speeds of 60-80 km/h even in the rough terrain of the Ladakh sector, with a capacity of 10 combat ready
armed personnel.
TESTING
North Korea Conducted Second Successful Test of Solid-Fueled ICBM
On 12th July 2023, North Korea’s Hwasong-18( Mars Artillery Type 18), a intercontinental ballistic missile
(ICBM) was successfully launched for the second time from Pyongyang, North Korea (Democratic People’s
Republic of Korea). The first test-firing of Hwasong-18 was on 13th April 2023.
• It uses solid-fuel technology, giving it the capability to launch with minimal preparation and allows
faster deployment of missiles during a war which makes it harder for the opponent to detect signs of
their launch in advance.
• The road mobile, three stage missile flew for 74 minutes – the longest time for a North Korean
missile test.
• Hwasong-18 is the North Koreas’s first solid-fuel intercontinental ballistic missile (ICBM).
Key points:
i.The missile traveled up to a maximum altitude of 6,648 km (4,131 miles) and flew a distance of 1,001 km (622
miles).
ii.The missile finally splashed into the sea about 250km west of northern Japan’s Okushiri island.
iii.The missile landed in the East Sea,(the Sea of Japan) of the Korean peninsula and about 250 km west of
northern Japan’s Okushiri island.
What is Solid Fuel Technology?
i.Solid propellants are a mixture of fuel and oxidiser to create propellants.
ii.Metallic powders such as aluminium serve as the fuel, while ammonium perchlorate, a salt of perchloric acid
and ammonia, acts as oxidiser.
iii.When solid propellant burns, oxygen from the ammonium perchlorate combines with aluminium to generate

enormous amounts of energy and temperatures of more than 5,000 degrees Fahrenheit (2,760 degrees
Celsius), creating thrust and lifting the missile from the launch pad.
Note: North Korea was banned by the United Nations Security Council (UNSC) from ballistic missile tests after
its first nuclear test in 2006.
OTHER DEFENCE NEWS

DAC approves proposals for procurement of 26 Rafale Marine aircraft from France
On 13th July 2023, The Defence Acquisition Council (DAC), chaired by Union Minister Rajnath Singh, Ministry of
Defence (MoD), granted Acceptance of Necessity (AoN) for the procurement of 26 Rafale Marine aircraft along
with associated ancillary equipment, weapons, simulator, spares, documentation, crew training and logistic
support for the Indian Navy from the French government.
• This procurement is based on an Inter-Governmental Agreement (IGA) between Indian and
France and aims to bolster the operational capabilities of the Indian Navy.
Key Points:
i.The price and other terms of purchase will be negotiated with the French Government after taking into
account all relevant aspects.
ii.The contract documents will incorporate the integration of Indian-designed equipment and the
establishment of a Maintenance, Repair & Operations (MRO) Hub for various systems after subsequent
negotiations.
Other Approvals:
i.The DAC also granted the AoN for procurement of three additional Scorpene submarines under Buy
(Indian) category which will be constructed by Mazagon Dock Shipbuilders Limited (MDL).
• The procurement with higher indigenous content maintain Navy’s force level and operational
readiness as well as create employment opportunities in the domestic sector.
ii.DAC approved the proposal to lay down guidelines to achieve desired indigenous content in all capital
acquisition cases.
Note: This will support in achieving “Aatmanirbharta”, in critical manufacturing technologies and life-cycle
sustenance of defence platforms/equipment through indigenous manufacturing.
First Barge of series LSAM 7 delivered to Indian Navy

On 18th July 2023, the Indian Navy received the First Barge of the series LSAM 7 (Yard 75) in the presence of
Iftekhar Alam, Commanding Officer of INS Tunir. This Barge was constructed in accordance with the
classification rules of the Indian Register of Shipping (IRS) and is expected to serve the Indian Navy for a
service life of 30 years.
• The Barge proudly exemplifies the “Make in India” initiative of the Government of India, as it stands
as a symbol of self-reliance with all its major and auxiliary equipment procured from indigenous
manufacturers.
• The induction of these Missile Cum Ammunition (MCA) Barges is expected to bolster the operational
capabilities of the Indian Navy by streamlining the transportation, embarkation, and disembarkation
processes for articles and ammunition to Indian Naval Ships.
In line with the Government of India’s “Atma Nirbhar Bharat” (Self-Reliant India) initiatives, M/s SECON
Engineering Projects Private Limited, a Micro, Small, and Medium Enterprise (MSME) based in Visakhapatnam,
Andhra Pradesh has successfully secured a contract for the construction of eight MCA Barges.
Note: A type of vessel which is primarily used for transporting cargo is called as Barge
Additional Info:
In June 2023, Thane-based Micro, Small, and Medium Enterprises (MSME) firm, M/s Suryadipta Projects Pvt
Ltd, has successfully delivered the first barge of the series LSAM 15 (Yard 125) to the Indian Navy under a
contract for the construction of Ammunition Cum Torpedo Cum Missile (ACTCM) Barges.

About SECON Engineering Projects Private Limited:
IAF to get its first Airbus C295 transport aircraft in September 2023
Indian Air Force (IAF) will get its first C-295 transport aircraft in September, 2023 from Airbus and Space S.A.,
Spain.C295 is replacing Avro transport aircraft that procured in 1960s.
• The C-295 has a capacity of 9 tonnes and can carry up to 71 troops or 50 paratroopers. IAF will
become the largest operator of the C-295.
Key points:
i.In September 2021, the Defence Ministry signed a ₹22,000-crore deal with Airbus and Space S.A., Spain, for
procurement of 56 C-295MW transport aircraft to replace the Avro aircraft in service with the IAF. As per
contract, 16 aircraft would come in fly away condition, manufactured at the Airbus facility in Seville, and 40
would be manufactured in India by Airbus jointly with Tata Advanced Systems Limited(TASL).
• The first aircraft manufactured in India would be delivered in September 2026.
ii.Six IAF pilots and 20 technicians have been trained at the Seville facility, Jorge Tamarit, head of the C295
India programme.
‘AGRIBOT A6’ Drone of IoTechWorld Avigation Receives Type Certification from DGCA
IoTechWorld Avigation Private Limited , a Gurugram (Haryana)-based Agri-drone manufacturer, obtained
a Type Certificate (TC) for its new indigenous drone model ‘AGRIBOT A6‘ from the Directorate General of
Civil Aviation (DGCA) in India, regulatory body in the field of Civil Aviation. This the second drone from
IoTechWorld that has received TC.
• IoTechWorld Avigation Pvt Ltd was awarded the first TC under Drone Rules, 2021 in June 2022.
• TC for drones is an official document issued by the DGCA certifying that a specific type of drone
meets all the technical parameters and safety standards for operation in India.
• AGRIBOT A6 model is 30% more compact than the previous model and is easy to transport and
operate.
• AIF (Agriculture Infrastructure Fund) is available for AGRIBOT A6 in which 90% collateral free loan
is available at 3% subvention on the interest rate
Note: The certification, a compulsory requirement under the Drone Rules 2021, verifies that the drone adheres
to the highest safety and quality standards.
SPORTS
2023 Lausanne Diamond League: Neeraj Chopra wins in javelin throw with 87.66m throw
Tokyo 2020 Olympic Gold medallist Neeraj Chopra won the gold medal in the Men’s Javelin Throw at the
Lausanne Diamond League 2023 (officially known as Lausanne Diamond League Athletissima 2023), held from
June 29 to 30 at Stade Olympique de la Pontaise in Lausanne, Switzerland.
• Neeraj Chopra recorded a throw of 87.66 meters(m), Germany’s Julian Weber finished second with
the throw of 87.03m and Tokyo Olympics silver medallist Jakub Vadlejch of Czech Republic finished
third with the throw of 86.13m.
Key points:
i.Neeraj Chopra earned 8 points from the Lausanne leg of the Diamond league.He earned 16 points including
the Doha leg to lead the 2023 Diamond League qualification rankings in men’s javelin throw.
ii.Lausanne Diamond League 2023 is the 6th round of the 2023 Diamond League series. The 2023 Diamond

League series has a total of 14 rounds, where 13 rounds are qualifiers and 14th round is the finals (The
Diamond league 2023), which will be held in Eugene, United States of America (USA).
• In Diamond leagues, Athletes are awarded points instead of
medals and the top eight athletes at the end of the Diamond
league will qualify for the Diamond League Finals.
Note:
In September 2022, Neeraj Chopra became the first Indian to win a
Diamond League title by winning the Zurich Diamond League Final
2022 with a best throw of 88.44m.
Murali Sreeshankar finished fifth in the men’s long jump
i.India’s Murali Sreeshankar finished fifth in the men’s long jump event
at the 2023 Lausanne Diamond League with a jump of 7.88 metres(m).
ii.The 24-year-old Sreeshankar finished 3rd place in his maiden Paris Diamond League 2023 with the jump of
8.09m on 9th June 2023.
About Diamond League:
i.The Diamond League is a series of athletic meets, comprising track and field events, held annually from 2010,
organised by Monaco headquartered World Athletics.
ii.It was established to replace the International Amateur Athletic Federation IAAF Golden League, which had
been held since 1998.
iii.The 2023 Diamond League is the 14th edition,which is being held from May 5, 2023- September 17, 2023.
F1: Red Bull Driver Max Verstappen Wins 2023 Austrian Grand Prix
Dutch-Belgium racing Driver Max Verstappen won the 2023 Austrian Grand Prix(GP) – Officially known as
Formula 1 Rolex Groser Preis Von Österreich 2023, at the circuit Red Bull Ring, Spielberg, Austria.
• Ferrari’s Charles Leclerc (Monacan Driver) finished 2nd
and Red Bull’s Sergio Perez (Mexican Driver) finished
3rd.
• Verstappen won both the main F1 race and the shorter
sprint race from pole position at the Austrian GP 2023.
About Max Verstappen:
i.This marks Max Verstappen’s 5th straight win and the 7th
victory of the 2023 season. (So far, 9 races were held in 2023
season).
• In 2023, Max won the Spanish GP, Monaco GP, Miami GP, Australian GP, Bahrain GP, Canadian GP,
and Austrian GP.
ii.As of Austrian GP 2023, Max Verstappen has won a total of 42nd F1 title and secured the 5th place in the all
time for most GP wins. He surpassed Brazilian Aryton Senna Da Silva’s 41 victory in F1.
Note:
Ferrari’s Charles Leclerc won the 2022 edition of Austrian Grand Prix, while Max Verstappen finished second in
that event.
2023 Championship (Driver Standings – As of 2023 Austrian Grand Prix )
Position Driver Team points
1 Max Verstappen Red Bull 229
2 Sergio Perez Red Bull 148
3 Fernando Alonso Aston Martin 129
About Austrian Grand Prix:
The first Austrian Grand Prix was held in 1996 in A1-Ring (Now Red Bull Ring) circuit.
• Number of Laps – 71

• Circuit Length – 4.318km
Race Distance – 306.452 km
Indian Men’s Football team defeat Kuwait to lift 2023 SAFF Championships for 9th time
On 4th July 2023, Indian Football Team (also known as ‘Blue Tigers’) won the South Asian Football Federation
(SAFF) Bangabandhu Championship 2023 defeating Kuwait national football team at the finals, in Sree
Kanteerava Stadium, Bengaluru, Karnataka.
• The 2023 SAFF Championships marks India’s 9th
SAFF Championship title and second consecutive title
after it won in 2021 SAFF Championships in Maldives
(defeated Nepal).
• India previously had won the championships in 1993,
1997, 1999, 2005, 2009,2011,2015, and 2021.
About SAFF Championship 2023:
i.The 14th edition SAFF Championship 2023 held from 21th June
to 4th July 2023, saw participation of eight teams including India,
Kuwait, Nepal, Pakistan, Lebanon, Maldives, Bhutan, Bangladesh.
• Kuwait and Lebanon are the two Non SAFF members invited to this tournament.
ii.India won the finals by penalty Shootout (5-4) after the draw (1-1).
Cash Prizes:
i.Winners – 50,000 USD (India)
ii.Runners-up – 25,000 USD (Kuwait)
SAFF Championship 2023 Awards:
i.Best goalkeeper of the competition (Golden Glove) – Anisur Rahman Zico (Bangladesh)
ii.Highest Goalscorer award (Golden Boot) – Sunil Chhetri (India)
iii.Most valuable player (Golden Ball)- Sunil Chhetri (India)
iv. Fair play award of the team – Nepal
v. Man of the Match (Final) – Gurpreet Singh Sandhu (India)
About SAFF Championship:
i.SAFF Championship is an international football tournament primarily contested by teams from the South
Asian subcontinent, organised by the South Asian Football Federation (SAFF).
ii.The 1st edition of SAFF Championship won by India in 1993 in Pakistan.
FIH Hockey Pro League 2022-23: Netherlands Men’s team won the title for 2nd time
On 4th July 2023, The Netherlands men’s hockey team won the 4th edition of Fédération Internationale de
Hockey(FIH) Hockey Pro League 2022-23 by defeating Belgium in the finals held in Antwerp, Belgium.
• The Netherlands Men’s become the first team in the
men’s competition to win the title twice. They won
their 1st title in the 2021-2022 season.
• With the win, the Netherlands also become the first
nation to win both the men’s and women’s FIH
Hockey Pro League titles in the same season (2022-
2023).
The 2022-23 FIH Hockey Pro League(men’s) started on 28th
October 2022 and ended on 4th July 2023.
Player of the match in the finals: Jip Janssen (The
Netherlands)

Men’s FIH Hockey Pro League 2022-23 Points table:
Position Country Points
1 Netherlands 35
2 Great Britain 32
3 Belgium 30
4 India 30
Indian hockey team at FIH Hockey Pro League:
i.The Indian men’s hockey team finished fourth position in the FIH Hockey Pro League 2022-23 with 30 points
from 16 matches.
ii.This was India’s second fourth-place finish in the FIH Hockey Pro League, having finished fourth in their
inaugural season in 2020-21.
iii.The Indian hockey team secured third position in the 2021-22 season.
Note:
i.India’s Harmanpreet Singh was the top Goal Scorer (18 Goals) in FIH Hockey Pro League 2022-23.
ii.The Indian hockey team (51 Goals) is also the top Goal scoring team in FIH Hockey Pro League 2022-23.
Netherlands won the 4th edition of Women’s FIH Hockey Pro League 2022-2023:
On 27th June 2023, Netherlands Women’s Hockey team won the 4th edition of the FIH Hockey Pro League
2022-23 title by defeating New Zealand in Wagener Hockey Stadium, Amstelveen, The Netherlands.
• This marks Netherlands women’s 3rd title in FIH Hockey Pro League. So far, they have won 3 of the
4 women’s FIH Hockey Pro League titles.
• Argentinian Women’s hockey team and Australian women’s hockey team won second and third
place in the 2022-2023 season.
2022-23 FIH Hockey Pro League (Women’s) was held from 4th November 2022 to 5th July 2023.
Note: The Netherland’s Xen de Waard was awarded as Player of the Match in the finals.
Women’s FIH Pro League 2022-23 Points table:
Position Country Points
1 Netherlands 46
2 Argentina 32
3 Australia 31
About FIH Hockey Pro League:
i.FIH Hockey Pro League is an annual global Field Hockey League tournament involving best national teams
(men’s and women’s) in the world.
• The inaugural edition of both men’s and women’s FIH Hockey Pro League was held in 2019.
ii.The best team of the season, which has accumulated the highest number of points at the end of the League, is
crowned Champion and receives the coveted FIH Hockey Pro League Trophy.
iii.From 2020-21 season, the FIH Hockey Pro League follows a round-robin format where each team plays the
other team twice – home and away.
FIH Global Leadership Partner: Hero MotoCorp
Winners of previous edition FIH Hockey Pro League:
Edition Men’s Team Women’s Team
2019 Australia The Netherlands
2020-21 Belgium The Netherlands
2021-22 The Netherlands Argentina

Bangladesh Cricketer Tamim Iqbal retires from International Cricket
On 6th July 2023, Bangladesh One Day International (ODI) Captain Tamim Iqbal (aged 34) announced his
retirement from international cricket after 16 years of his journey in cricket.His last game was on 5th July 2023,
against Afghanistan in Chattogram, Bangladesh.
• Tamim Iqbal is the third-highest run-scorer as of July 2023, after only Virat Kohli and Rohit Sharma,
with 8,313 runs in 241 games, including 14 hundreds.
• He is the highest ODI run scorer for Bangladesh (8313 runs) and scored 14 centuries which is
highest among Bangladesh players.
• He made his international debut in a 2007 ODI against Zimbabwe in Harare, Zimbabwe.
Note: He has reversed his decision of retirement from international cricket (8 July 2023).
Badminton: Lakshya Sen Wins Men’s Singles Title in Canada Open 2023
Indian Badminton Player Lakshya Sen won the Men’s Singles finals at the Badminton World Federation
(BWF) Yonex Canada Open 2023 (Canada Open 2023) defeating China’s Li Shi Feng (reigning All England
champion 2023), held in Calgary, Canada from 4th July – 9th July 2023.
• India’s P.V. Sindhu lost to Japan’s Akane Yamaguchi in
the Women’s Singles (semifinals) of Canada Open 2023.
About Lakshya Sen:
i.This marks Lakshya Sen’s second BWF Super 500 title, earlier he
won his maiden Super 500 title at the 2022 India Open in January
2022 (by defeating Loh Kean Yew of Singapore)
ii.Lakshya Sen previously won the men’s singles gold medal by
defeating Malaysia’s Ng Tze Yong in Commonwealth Games
Birmingham 2022.
Winners of Canada Open 2023:
Women’s Singles: Akane Yamaguchi (Rank 1) of Japan won the Women’s Singles title by defeating Thailand’s
Ratchanok Intanon at the Canada Open 2023.
Men’s Doubles: Kim Astrup and Anders Skaarup Rasmussen of Denmark won the Men’s Doubles title by
defeating Frederik Sogaard and Rasmus Kjær of Denmark.
Women’s Doubles: Nami Matsuyama and Chiharu Shida (Rank 3) of Japan won the Women’s doubles title by
defeating Wakana Nagahara and Mayu Matsumoto of Japan at the Canada Open 2023.
Mixed Doubles: Hiroki Midorikawa and Natsu Saito of Japan won the mixed Doubles by defeating Mathias
Thyrri and Amalie Magelund of Denmark.
About Canada Open:
i.The Canada Open first started in 1962 and comes under the Badminton World Federation (BWF) Super 500
Category.
• BWF World Tour is classified into six levels, namely World Tour Finals, four Super 1000, six Super
750, seven Super 500, and 11 Super 300.
About Canada Open 2023:
i.The Canada Open 2023 marks the 58th edition organised by Badminton Canada and Badminton Alberta with
the support from BWF.
ii.Prize Money:
Total – USD 4,20,000
Men’s Singles – USD 31,500
Women’s Singles – USD 31,500
Men’s Doubles – USD 33,180
Women’s Doubles – USD 33,180
Mixed Doubles – USD 33,180

About Badminton World Federation (BWF):
President – Poul-Erik Hoyer Larsen
Headquarters – Kuala Lumpur, Malaysia.
F1 British GP 2023: Red Bull’s Max Verstappen won his first ever British GP Title
On 9th July 2023, Max Verstappen, the Red Bull driver (Dutch-Belgian) won the title at Formula 1 (FI) Aramco
British Grand Prix (GP) 2023 held at Silverstone Circuit in Northamptonshire, England (the United Kingdom,
UK).
• This marks his first ever British GP title and 6th
consecutive F1 win of the 2023 season.
• This also marks Max’s 8th win of this season and Red
Bull’s 10th consecutive win of 2023 season (the other 2
titles were won by Sergio Perez in Saudi Arabia GP and
Azerbaijan GP).
Lando Norris, the McLaren driver (Belgian-British) finished second
and Lewis Hamilton, the Mercedes driver (British) finished third.
British GP 2023 was the home race for both Lando Norris and
Lewis Hamilton. This victory of Max Verstappen making it a record-equalling 11 wins in a row for Red Bull and
also his 6th win in a row and 8th in 10 races this season.
Note:
• This is the Red Bulls’ 11th win in a row, a record stretching back to Max Verstappen win at the final
race of November 2022 in Abu Dhabi.
• No team has ever completed an unbeaten F1 season. Red Bull is still on course to do so. McLaren’s
1988 team was the closest any team came, winning 15 of the 16 races that year.
• Red Bull will have to win 22 races to do the same.
Key Points:
i. It was Max Verstappen’s 43rd career win, and it has helped both Red Bull and Max Verstappen to lead in their
respective Constructors’ and Drivers’ standings.
ii. The win was Red Bull’s first at Silverstone circuit since Mark Webber (Australian) in 2012.
iii. Lando Norris team mate Oscar Piastri (McLaren) finished 4th and Lewis Hamilton’s team mate George
Russell (Mercedes) finished 5th.
iv. The British GP 2023 took place over 52 laps of the 5.891-kilometre Silverstone Circuit.
FI 2023 British GP Results (Top 3):
Position Driver Team
1 Max Verstappen Red Bull
2 Lando Norris McLaren
3 Lewis Hamilton Mercedes
Grand Chess Tour: Gukesh finished 5th, Viswanathan Anand tied at 7th in SuperUnited Rapid
and Blitz Croatia 2023
Indian Grand Master (GM) Dommaraju(D) Gukesh (17 years old) finished 5th(with score 19.5/36) while Fomer
World Champion GM Viswanathan Anand (with score 16.5/36) tied at 7th place with Jan-Krzysztof Duda of
Poland in the SuperUnited Rapid and Blitz Croatia 2023, the 3rd led of the Grand Chess Tour (GST) 2023, held
from 3rd to 10th July 2023 in Westin Zagreb, Zagreb, Croatia.
• World No. 1 & Former World Champion Magnus Carlsen of Norway won the SuperUnited Rapid and
Blitz Croatia 2023 with a score of 26.0/36.

• Ian Nepomniachtchi of Russia finished 2nd with 22.5 points and Alireza Firouzja of Iran finished 3rd
with 22 points.
During the tournament, for the first time Gukesh defeated
Viswanathan Anand in the rapid segment. This was also Gukesh’s
first tournament match against Viswanathan Anand. On 9th July
2023, Gukesh defeated Anand in 34 moves in the blitz segment of
the tournament.
The Prize amount received by Gukesh and Viswanathan Anand was
USD 15,000 and USD 9,500 respectively.
The SuperUnited Rapid & Blitz 2023:
i. It was the third tournament and midway point of the Grand Chess Tour and the final results came from a
combination of the scores in Rapid and Blit
ii. The tournament saw 9 rounds of rapid and 18 rounds of Blitz being played and the Total Prize Fund: USD
175000
iii. The winner of the tournament Magnus Carlsen received a winner’s trophy and a cash prize of USD 40,000.
iv. Ian Nepomniachtchi received USD 30,000 for the 2nd place and AlirezaFirouzja received USD 25,000 for the
3rd
About Grand Chess Tour 2023:
i.The Grand Chess Tour is a circuit of international chess tournaments and events, each demonstrating the
highest level of organization for the world’s best chess players.
ii.Tournaments under GCT 2023:
• Superbet Chess Classic Romania: May 4 – 16, 2023, Bucharest, Romania
• Superbet Rapid & Blitz Poland: May 19 – 26, 2023, Warsaw, Poland
• SuperUnited Rapid & Blitz Croatia: July 3 – 10, 2023, Zagreb, Croatia
• Saint Louis Rapid & Blitz: November 12 – 19, 2023, Saint Louis, Missouri, USA
• Sinquefield Cup November 19 – December 3, 2023, Saint Louis, Missouri, USA
Note: At present, Fabiano Caruana leads the GCT standings with 20 points.
Final Standings of the SuperUnited Rapid and Blitz Croatia 2023 (Top 5):
Position Player Points
1 Magnus Carlsen (Norway) 26
2 Ian Nepomniachtchi (Russia) 22.5
3 Alireza Firouzja (Iran) 22
4 Fabino Caruana (USA) 21.5
5 D Gukesh (India) 19.5
World Archery Youth Championships 2023: India won 11 medals(6 Golds, 1 Silver, 4 Bronze)
The Indian Archery team won 11 medals (6 Golds, 1 Silver, 4 Bronze) and secured 2nd position in the medal
tally of the Limerick 2023 World Archery Youth Championships held in Limerick, Ireland from 3rd July-9th July
2023.
• South Korea topped the medal tally with 10 medals (6 Gold and 4 Silver).
World Archery Youth Championships 2023:
i.The World Archery Youth Championships 2023 witnessed the participation of 518 archers (277 men and 241
women) from 58 countries competing for medals in individual and team events in the Under-21(U21) and
Under-18(U18) age categories.
• Team India represented by 12 archers each in the U21 and U18 age groups.
ii.India’s U21 archery squad led by compound archers Prathamesh Jawkar and Pragati and India’s U18 archery
squad led by 17-year-old women’s compound archer Aditi Gopichand Swami.

iii.World Archery Youth Championships 2023 medals were designed and minted by the Monnaie de Paris.
Indian medal winners in U21 Event:
Archer Event Medal
Priyansh Compound men’s individual Gold
Parth Salunkhe Recurve men’s individual Gold
Avneet Kaur and Priyansh Compound mixed team Gold
Avneet Kaur, Parneet Kaur and Pragati Compound women’s team Gold
Parth Salunkhe and Ridhi Recurve mixed team Bronze
Bhajan Kaur Recurve women’s individual Bronze
Indian medal winners in U18 Event:
Archer Event Medal
Aishwarya Sharma, Aditi Gopichand Swami and Ekta Rani Compound women’s team Gold
Aditi Gopichand Swami Compound women individual Gold
Manav Ganeshrao Jadhao, Pawan Gat and Ganesh Mani Ratnam Compound men’s team Silver
Aishwarya Sharma and Manav Ganeshrao Jadhao Compound mixed team Bronze
Ujjwal Dhama, Goldi Mishra and Agastay Singh Recurve men’s team Bronze
Parth Salunkhe becomes 1st Indian male archer to win Gold in Youth World Championship (recurve
category)
i.The 19-year old Parth Salunkhe from Maharashtra becomes the 1st
Indian male archer to win a gold medal in Recurve men’s individual by
defeating South Korea’s Song Injun.
• He also won a Bronze medal in the Recurve mixed team
along with Ridhi.
ii.Youth World Champion: Parth Salunkhe is the first male
archer (recurve category) and sixth Indian archer to become Youth
World Champion.
• Previously in women’s recurve section, Deepika Kumari had become cadet and youth world
champion in 2009 and 2011, while Komalika Bari won the cadet and youth world champion in 2019
and 2021.
• Aditi Gopichand Swami won the gold medal in Compound women individual event and Priyansh
won the gold medal in Compound men’s individual event in World Archery Youth Championships
2023 are the other youth world champions from India.
About World Archery Youth Championships:
The World Archery Youth Championships occurs every alternate year and the first edition was held in 1991.
Note: Indian team topped the medal tally by winning 15 Medals(including 8 Gold) in World Archery Youth
Championships 2021 in Wroclaw, Poland.
About World Archery:
President – Dr Ugur Erdener
Headquarters – Lausanne, Switzerland
Sri Lanka won the ICC Men’s Cricket World Cup 2023 qualifier defeating the Netherlands
Sri Lanka won the International Cricket Council (ICC) Men’s Cricket World Cup (CWC) 2023 Qualifier
tournament by defeating the Netherlands by 128 runs in the finals held on 9th July 2023 in Harare and
Bulawayo, Zimbabwe.

• The CWC 2023 Qualifier, the 12th edition of CWC, was held from June 18 to July 9 2023 in Harare
and Bulawayo, Zimbabwe.
• Sri Lanka won all 8 matches they played in the tournament and became the first team from the ICC
World Cup 2023 Qualifiers to qualify for the main draw of the World Cup 2023 to be held in India
from October 5 to November 19 2023.
• Sri Lanka has qualified for the main draw of the World Cup 2023 as Qualifier 2, while the
Netherlands will go into the World Cup as Qualifier 1.
• This was SL’s 10th consecutive One Day International (ODI) win and Dilshan Madhushanka (SL) won
the player of the match award.
Tennis – Overview of 136th Edition of “The Wimbledon Championships 2023

The 136th edition of The Wimbledon Championships (Wimbledon) 2023 took place from 26th June to 16th July
2023, the Gentlemen’s Singles was won by Carlos Alcaraz of Spain defeating Novak Djokovic of Serbia at the
centre court, All England lawn tennis and croquet club, Wimbledon, London, United Kingdom.
About Wimbledon:
• Wimbledon was established in 1877 and organised by
the All England Lawn Tennis and Crouquet Club
(AELTC)& International Tennis Federation.
• The 2023 Championships is the 129th staging of the
Ladies’ Singles Championship event, the 55th in the
Open Era and the 3rd Grand Slam tournament of the
year.
• It is one of the 4 Grand Slam tennis tournaments
(others being Australian Open, French Open and the
United States(US) open)that takes place in Grass Outdoor Courts and every player must follow the
dress-code of whites.
Courts played:
The important matches will be played in Centre Court and rest of all the matches will be played from Court 1 to
Court 18.
Wimbledon 2023: Prize Money
• Gentlemen’s & Ladies Singles- £(Euro)2,350,000
• Gentlemen’s, Ladies & Mixed Doubles – £600,000
Winners of Wimbledon 2023:
Gentlemen’s Singles:
Carlos Alcaraz(ATP-Association of Tennis Professionals Rank 1) defeated seven-time Wimbledon champion
Novak Djokovic(ATP Rank 2) to claim his first Wimbledon title(2023) at the Gentlemen’s singles final match.
• For Carlos it was a second major following his US Open title 2022 as he became Wimbledon’s third
youngest men’s champion.
• For Djokovic it was his ninth final at Wimbledon and 35th at the majors. He also was kept from
claiming his 24th career major.
Ladies Singles:
Czech Republic’s Marketa Vondrousova became the first unseeded Women’s Singles champion at Wimbledon in
the Open Era after defeating Ons Jabeur (WTA- Women’s Tennis Association Rank 6)of Tunisia in the Ladies
singles final.
• She was the first unseeded woman to even reach the final at the All England Club in 60 years.
Marketa Vondrousova:
i.This is Vondrousova’s first Grand Slam title.
ii.She was the second-lowest ranked player to reach the Wimbledon final — only Serena Williams in 2018 was
lower at 181.

iii.Since the beginning of the Open era (1968), Vondrousova is the 24th different woman who has lifted the
Venus Rosewater Dish.
iv.The 24-year-old left-handed is the third player from the Czech Republic to win the title after Jana Novotna
(1998) and Petra Kvitova (2011, 2014).
Note: Ons Jabeur(28) from Tunisia is the only Arab woman and only North African woman to make it that far in
singles at any Grand Slam tournament.
Gentlemen’s Doubles:
Neal Skupski(United Kingdom) and Dutch partner Wesley Koolhof won the Wimbledon Gentlemen’s doubles
title against the duo Marcel Granollers(Spain) and Horacio Zeballos (Argentina).
Key points:
i.This will be Skupski first grand slam title in the men’s doubles.
ii.Neal Skupski is into his third Wimbledon men’s doubles final in a row
iii.Neal Skupski became the second British player in the Open era to win the men’s doubles title at Wimbledon
iv.He is also the first British man to win both the mixed doubles and Gentlemen’s doubles at the All England
Club since Leslie Godfree in 1926.
v.Skupski has two mixed doubles titles at Wimbledon together with Desirae Krawczyk, in 2021 and 2022.
Ladies doubles:
Hsieh Su-Wei of Taiwan and Barbora Strycova of the Czech Republic won their second Wimbledon Ladies
doubles title as a pairing by beating Elise Mertens of Belgium and Storm Hunter of Australia.
• Taiwanese Hsieh and Czech Strycova won their first Wimbledon title together in 2019.
i.Hsieh is now a four-time Wimbledon doubles champion, having also won alongside Belgium’s Mertens in 2021
and Peng Shuai of China in 2013.
ii.Elise Mertens was looking for her fourth Grand Slam title overall, while Storm Hunter was trying to win her
first.
Mixed Doubles:
In the Wimbledon Mixed Doubles final Mate Pavic of Croatia, with teammate Lyudmyla Kichenok(Ukraine)
against Joran Vliegen of Belgium and his teammate Xu Yifan of China.
Key points:
i.Pavic has also won three men’s doubles championships, including Wimbledon in 2021.
ii.This would be Pavic’s sixth Grand Slam championship.
iii.Kichenok became the third Ukrainian to win a Grand Slam title and the first to win Wimbledon.
Wimbledon 2023
Category Winners Runners
Carlos
Gentlemen’s Singles Alcaraz(Spain) Novak Djokovic(Serbia)
Marketa
Vondrousova(Czech
Ladies Singles Republic) Ons Jabeur(Tunisia)
Neal
Skupski(United
Kingdom) and Marcel Granollers(Spain)
Wesley and Horacio Zeballos
Gentlemen’s Doubles Koolhof(Dutch) (Argentina)
Hsieh Su-Wei of
(Taiwan) and
Barbora Strycova Elise Mertens(Belgium) and
Ladies doubles (Czech Republic) Storm Hunter (Australia)

Mate Pavic(Croatia)
and Lyudmyla Joran Vliegen(Belgium) and
Mixed Doubles Kichenok(Ukraine) Xu Yifan(China).
Records by Novak Djokovic at Wimbledon 2023
i.Novak Djokovic joins Serena Williams(United States of America) and Roger Federer(Switzerland) as the only
players in tennis history to win at least 350 Grand Slam matches. Williams has 367 and Federer has 369.
ii.Novak Djokovic contests his 100th Wimbledon match against Poland’s Hubert Hurkacz.
iii.Novak Djokovic tied Roger Federer’s record, entering 46 men’s Grand Slam semifinals by defeating Andrey
Rublev(Russia).
Justine Henin receives the Philippe Chatrier Award from ITF:
On 8th July 2023, former world No. 1 and seven-time Grand Slam champion Justine Henin(Belgium) has been
honoured with the Philippe Chatrier Award, the highest recognition from the International Tennis Federation
(ITF).
• The Belgian was presented with the accolade at the 2023 ITF World Champions Awards presented
by UNIQLO, a Japanese textile Manufacturer, took place at the Victoria and Albert Museum (V&A) in
London, United Kingdom.
• ITF President is David Haggerty.
Key points:
i.Henin won seven Grand Slam singles titles, an Olympic gold medal at the 2004 Athens Games and was part of
Belgium’s team that won the Fed Cup (Billie Jean King Cup) in 2001.
ii.The 41-year-old Henin has established a successful academy in Belgium and a charitable foundation that
helps provide sporting opportunities for children with disabilities.
Note: The Philippe Chatrier Award, named after the former ITF president, was introduced in 1996 and
recognizes people who have made significant contributions to the sport on and off the court.
Official Partners of Wimbledon 2023:
International Business Machines(IBM), American Express, OPPO, Rolex, Jaguar Land Rover, and Barclays
About Wimbledon:
Chairman- Ian Hewitt
Founded- 1877
Court- Grass Outdoor
Asian Athletics Championships, Bangkok, Thailand: India finish 3rd with 27 medals
Indian contingents won 27 medals( 6 Gold, 12 Silver and 9 Bronze) and finished 3rd in the overall medal tally of
the 25th edition of the Asian Athletics Championships (AAC), the flagship event of the Asian Athletics
Association(AAA), held in the Supachalasai National Stadium in Bangkok, Thailand from July 12th to July 16th
2023.
• Japan topped the medal tally with 37 medals (16 gold,
11 Silver, 10 bronze ) followed by China with 22
medals (8 Gold, 8 Silver, 6 Bronze).
Note: The year 2023 marks the 50th anniversary of the
foundation of the Asian Athletics Association(AAA) (1973-2023).
Members of AAA: Thailand, Hong Kong, India, Indonesia, Japan,
Korea, Malaysia, Philippines and Singapore.
• It is a biennial event happening once in every two
years
• Following the cancellation of the 2021 edition in
Hangzhou, China due to COVID-19, the Asian Athletics Championships returned after a four-year
hiatus.

Top 5 Countries:
Rank Country Gold Silver Bronze Total
1 Japan 16 11 10 37
2 China 8 8 6 22
3 India 6 12 9 27
4 Sri Lanka 3 2 3 8
5 Qatar 2 1 1 4
India’s mixed relay team wins gold; Swapna Barman, Sarvesh Kushare claim silver
India had a remarkable performance in the mixed relay team event, winning a gold medal. The team members,
Rajesh Ramesh, Aishwarya Mishra, Amoj Jacob, and Subha Venkatesan demonstrated excellent teamwork and
skill to secure the top position in the event.
• Swapna Barman in the heptathlon event, earned a silver medal; Anil Sarvesh Kushare secured a
silver medal in the men’s high jump.

Indian shot-putter Tajinderpal Toor wins his 2nd gold medal
i. Tajinderpal Singh Toor, a 28-year-old shot-putter, clinched his second gold medal in the men’s shot put event.
He achieved this feat by recording an impressive throw of 20.23 meters, securing the top position in the
competition.
ii. Previously, he had also won the gold medal in the same event at the Asian Athletics Championships 2019
with a best throw of 20.22 meters.
iii. In the 2017 edition of the championships, he had secured a silver medal. Tajinderpal Singh Toor’s consistent
performance and remarkable throws have established him as a prominent figure in shot put and a valuable
asset to Indian athletics.
Athlete Abdulla Aboobacker wins gold in triple jump
Abdulla Aboobacker, a 27-year-old athlete from Kerala, claimed gold in the men’s triple jump event with an
impressive leap of 16.92 meters
Abdulla Aboobacker, Ajay Kumar Saroj clinch gold medals
Abdulla Aboobacker in the men’s triple jump event, secured a gold medal whereas Ajay Kumar Saroj
demonstrated his strength and endurance in the men’s 1500m event, winning a gold medal for India.
Long jumper Sreeshankar qualifies for 2024 Olympics after winning silver medal at Asian meet
Indian long jumper Murali Sreeshankar secured his qualification for the 2024 Paris Olympics after claiming a
silver medal at the Asian Athletics Championships.
i. Sreeshankar achieved a second career-best jump of 8.37m during the final round, surpassing the Olympic
qualification mark of 8.27m.
ii. The gold medal went to Yu Tang Lin of Chinese Taipei, who recorded a jump of 8.40m, ranking as the third-
best effort in the world this season.
Sreeshankar had already qualified for the Budapest World Championships in August with his jump of 8.41m
during the qualification round of the National Inter-State Championships in the month of June 2023, which also
placed him second in the world rankings.
Indian Gold Medal Winners:
Athlete Event
Jyothi Yarraji Women’s 100m hurdles
Abdulla Aboobacker Men’s triple jump
Parul Chaudhary Women’s 3000m steeplechase
Ajay Kumar Saroj Men’s 1500m
Tajinderpal Singh Toor Men’s shot put
Rajesh Ramesh, Aishwarya Mishra, Amoj Jacob, Subha Venkatesan Mixed 4x400m relay team
About 25th Asian Athletic Championship:
2023 Mascot:
Thailand has chosen Hindu god “Hanuman” as the official mascot of 25th Asian Athletics Championships.
• Hanuman is one of the key characters of the Indian epic “Ramayana”.
Logo:
The logo of 25th Asian Athletics Championship symbolizes the participation of athletes, their skills, teamwork,
display of athleticism, dedication, and sportsmanship.
Note: The inaugural Asian Athletics Championships were held in Marikina, the Philippines in 1973.
About Asian Athletic Association:
President – Dahlan Al-Hamad
Headquarters – Bangkok, Thailand

64th IMO at Chiba Japan: India Finished 9th with 2 Gold, 2 Silver & 2 Bronze
India finished at the 9th position securing two gold, silver and bronze medals in the competition out of 112
countries at the 64th International Math Olympiad (IMO) 2023 held at Chiba, Japan from July 2-13, 2023. China
is ranked 1st followed by the United States of America (USA) at 2nd and South Korea at 3rd.
• This is the fourth time India secured a position in the top 10 (India finished 7th in 1998 and in 2001,
and 9th in 2002).
Winners:
• Gold medalists: Atul Shatavart Nadig(Bengaluru,Karnataka) and Arjun Gupta(New Delhi, Delhi)
• Silver medalists: Ananda Bhaduri(Guwahati, Assam) and Siddharth Choppara(Pune, Maharastra)
• Bronze medalists: Adhitya Mangudy Venkata Ganesh(Pune, Maharastra) and
Archit Manas(Hyderabad).
Note: Homi Bhabha Centre for Science Education(HBCSE) – Tata Institute of Fundamental Research(TIFR) is
the nodal Centre for training and selecting the students for the International Olympiads (in physics, chemistry,
biology, astronomy and mathematical).
• The final team is selected through various stages of the National Olympiad Examination conducted
by Homi Bhabha Centre for Science Education(HBCSE)
Football: England won the Men’s 2023 UEFA European U21 Championship title defeating Spain
England Football team won the Men’s 2023 UEFA(Union of European Football Associations) European Under
21 (U21) Championship title(1-0) defeating Spain in the finals held at Batumi Arena, Georgia. This mark’s
England’s 3rd UEFA European U21 Championship title after 1982 and 1984.
• This also marks the 9th finals of Spain, more than any other country. Italy stands 2nd with 7.
UEFA’s Technical Observer panel has named England forward Anthony Gordon as the Player of the
Tournament.
• Curtis Jones, the goal scorer of the finals was named official Under-21 EURO final Player of the
Match.
• 2023 UEFA European U21 Championship, the 24th edition of the UEFA European U21
Championship.
• The tournament was co-hosted by Romania and Georgia from 21st June to 8th July 2023. Romania
hosted the opening match, while Georgia hosted the final.
This is a biennial international youth football championship organised by UEFA for the men’s U21 national
teams of Europe. Slovakia has been selected as host nation of the 2025 UEFA European Under-21
Championship.
Commonwealth Sr. Jr. & Youth Weightlifting Championship 2023: India won 20 Medals in
Senior Category
Indian Senior weightlifting contingent won 20 medals (9 Golds, 9 Silvers and 2 Bronze) at the Commonwealth
Senior, Junior, and Youth Weightlifting Championships 2023 in
Gautam Buddha University, Greater Noida, Uttar Pradesh, India.
• The Indian team overall won 61 medals (38 Gold, 21
Silver and 2 Bronze) across senior (9 Golds, 9 Silvers
and 2 Bronze), junior (13 Golds, 8 Silvers) and youth
(16 Golds, 4 Silvers) categories.
• The event witnessed 250 weightlifters from 20
countries participating across junior, youth and senior
categories from 12th July to 16 July 2023.
Note: India won 16 medals (4 Gold, 7 Silver and 5 Bronze) at the
Commonwealth Weightlifting Championships 2021 held in Tashkent, Uzbekistan.Last time India hosted the

tournament in Pune in 2015.
Indian Senior medallists:
i.Gold medallists:The nine gold medallists are Komal Kohar (women’s 45kg), Gyaneshwari Yadav (women’s
49kg), Popy Hazarika (women’s 59kg), S Nirupama Devi(women’s 64kg), Vanshita Verma (women’s 81kg),
Mukund Aher (men’s 55kg), Shubham Todkar (men’s 61kg), Ajith N (men’s 73kg) and Ajay Singh (men’s 81kg).
ii.Silver medallists:The nine silver medallists are Jhilli Dalabehera ( women’s 49kg), Shrabani Das (women’s
55kg), T Madhavan(men’s 67kg), Harjinder Kaur (women’s 71kg), Pallavi S(women’s 64kg), Amarjit
Guru(men’s 89kg), Harshad Wadekar(men’s 96kg), Harcharan Singh ( men’s 102kg), Lovepreet Singh(men’s
109kg).
iii.Bronze medallist:The two Bronze medallist are Jagdish Vishwakarma(men’s 96kg) and Purnima Pandey
(women’s +87kg)
Awards:
i.The 2022 junior World Championships silver medallist Gyaneshwari Yadav of India won the Gold medal in
the women’s 49kg event, awarded as the Best Lifters in the junior category.
ii.Samoa’s Don Opeloge (102kg) and Jenly Wini Tegu (55kg) of Solomon Islands were named the ‘Best Lifters’
in the senior category.
US Open 2023 Badminton: China’s Li Shi Feng & Thailand’s Supanida Katethong won singles
titles
On 16th July 2023, China’s Li Shi Feng (Ranked 12) and Thailand’s
Supanida Katethong (Ranked 22) won the men’s singles finals and the
women’s singles finals of the Yonex US Open 2023 at the the Mid-
America Center in Council Bluffs, Iowa, United States of America (USA).
• The US open 2023 is the part of HSBC Badminton World
Federation (BWF) Super 300 series held from 11th July to
16th July 2023.
Winners of Yonex US open 2023:
Championship Winner Runner
Li Shi Feng Kunlavut Vitidsarn
Men’s Singles (China) (Thailand)
Supanida Katethong Gao Fang Jie
Women’s Singles (Thailand) (China)
Goh Sze Fei and
Nur Izzuddin Fang-chih Lee and Fang-jen Lee
Men’s Doubles (Malaysia) (Chinese Taipei)
Liu Shengshu and
Tan Ning Maiken Fruergaard and Sara Thygesen
Women’s Doubles (China) (Denmark)
Ye Hongwei and
Lee Chia-hsin Mathias Thyrri and Amalie Magelund
Mixed Doubles (Taiwan) (Denmark)
Highlights:
i.This mark’s Supanida Katethong’s maiden world tour title. Her previous best World Tour result was a
runner-up finish at the 2022 India Open.
• She is the second Thai player to win the US Open title after Sapsiree Taerattanachai in 2013.
ii.India’s Lakshya Sen, Rank 19 and 2023 Canada Open champion, was defeated by All England champion and
Rank 12 Li Shi Feng of China in the semifinals.
• India’s PV Sindhu lost to China’s Gao Fang Jie in the quarter-finals of US Open 2023.

About US Open 2023:
i.The USA Badminton organized this tournament with sanctions from the Badminton World Federation (BWF).
ii.The US Open 2023 marks the 58th edition and the sixteenth tournament in the 2023 BWF World Tour and
the seventh Super 300 event of the season.
Total Prize Money: USD 210,000
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Cricket: South Zone won the 2023 Duleep Trophy title defeating West Zone
On 16th July 2023, South Zone defeated West Zone by 75 runs in the finals of the 2023 Duleep Trophy
Championship at the M. Chinnaswamy Stadium, Bengaluru, Karnataka. South Zone has won the Duleep Trophy
after 9 years, previously South zone was the joint winner (along with North Zone) in 2013-14 . This marks
South Zone’s 14th title.
2023 Duleep Trophy, 60th edition of the Duleep Trophy, was held from 28th June 2023 to 16th July 2023.
• West Zone was led by Priyank Panchal and South Zone was led by Hanuma Vihari.
• Vidwath Kaverappa of South Zone won both the ‘Player of the Match’ for taking 8 wickets (7/53 and
1/51) in the final match as well as the ‘Player of the Series’ award for taking 15 wickets in 2 match.
• The Duleep Trophy, also known by its sponsorship name, the MasterCard Duleep Trophy, is a First-
Class Cricket tournament in India.
It is named after Kumar Shri Duleepsinghji (also called as Duleep), an Indian cricketer from then-British India.
Indian GM Praggnanandhaa Becomes Champion at Super GM chess tournament in Hungary

On 19th July 2023, Young Indian Grandmaster (GM) R Praggnanandhaa (17) became champion at the V Geza
Hetenyi Memorial Super Grandmaster Chess Tournament 2023 in
Budapest, Hungary.
• In the final round, he secured a draw against Polish GM
Radoslaw Wojtaszek with the white pieces.
Note: The inaugural edition of V Géza Hetényi Tournament was
organized by GM FT Attila Czebe in Budapest, Hungary from 11th
to 18th July 2023.
The opponents:
Praggnanandhaa posted 5 wins, drew 3 games and had 1 defeat in
the fifth round at the hands of Amin Tabatabaei.
i.Praggnanandhaa scored wins over Sanan Sjugirov(Russia), Parham Maghsoodloo (Iran), Adam Kozak
(Hungary) and Peter Prohaszka (Hungary).
ii.He drew his last three games, against Pavel Eljanov (Ukraine), Maxim Matlakov (Russia) and Radosław
Wojtaszek (Polish).
Note: Praggnanandhaa’s live rating is now 2707.3, making him currently the world no.31.
Prize:
The inaugural edition of this Super GM Round-Robin tournament has a total prize fund of €10700. The top
three prizes are €5000, €2500 and €1500 each respectively.
Hungarian GP 2023:Max Verstappen gave Red Bull 12th Successive Win

On 23rd July 2023, RedBull’s Max Verstappen (Belgian-Dutch racing driver) won Formula1(F1) Qatar Airways
Hungarian Grand Prix 2023, held in Budapest, Hungary. This victory made the RedBull team win twelve
consecutive Formula One races in 2023.

• Red Bull’s achievement broke the record of McLaren’s 11 wins in 1988
• This also marks Verstappen’s seventh consecutive win. He completed the race with 26 points
POSITION DRIVER TEAM POINTS
1 Max VERSTAPPEN Red Bull Racing 26
2 Lando NORRIS McLaren 18
3 Sergio PEREZ Red Bull Racing 15
i.Lando NORRIS from McLaren came in second place, trailing behind Verstappen by 33.731 seconds. Norris
earned 18 points for his runner-up position.
ii.Sergio PEREZ, Verstappen’s teammate at Red Bull Racing, finished
third. He secured 15 points.
iii.Max Verstappen’s victory now has a 110-point lead over his closest
rival, Sergio Perez. Perez also had a strong race, recovering from ninth
to third place.
Records by Verstappen and RedBull Racing:
i.Verstappen becomes the fifth driver in history to win seven
consecutive races (after Alberto Ascari, Michael Schumacher, Sebastian
Vettel and Nico Rosberg).
ii.Red Bull scored their 250th podium finish today.
iii.For Verstappen it was his 44 career win in (Position 1).
About Qatar Airways Hungarian Grand Prix 2023:
• Scheduled from 21st July 2023 to 23rd July 2023
• Held in the track Hungaroring which is of length 4.38km built in the year 1986 with 70 laps
Korea Open 2023: Satwiksairaj Rankireddy and Chirag Shetty Wins Men’s Doubles Title
The Indian Badminton Players Satwiksairaj Rankireddy and Chirag Shetty won the Men’s Doubles title by
defeating Indonesia’s Fajar Alfian and Muhammad Rian Ardianto at the
finals of the Korea Open 2023.
• The Korea Open 2023 marks Chirag and Satwik’s fourth
victory following the Swiss Open, Asian Championships and
Indonesia Open in 2023.
• The Super 500 badminton tournament, Korea Open 2023
held from 18th – 13th July 2023 at Jinnam Stadium, Yeosu,
South Korea.
Winners of Korea Open 2023:
Championship Winner Runner
Anders Antonsen Loh Kean Yew
Men’s Singles (Denmark) (Singapore)
An Se young Tai Tzu-ying
Women’s Singles (South Korea) (Chinese Taipei)
Satwiksairaj Rankireddy and
Chirag Shetty Fajar Alfian and Muhammad Rian Ardianto
Men’s Doubles (India) (Indonesia)
Chen Qing chen and
Jia Yi fan Kim So Yeong and Kong Hee Yong
Women’s Doubles (China) (South Korea)
Feng Yan zhe and Huang Dong ping Jiang Zhen Bang and Wei Ya Xin
Mixed Doubles (China) (China)

About Chirag and Satwik pair:
i.Korea Open 2023 marks their 3rd Badminton World Federation (BWF) World Tour Super 500 title.
• The Chirag and Satwik pair became the first Indian pair to win the Korea Open.
ii.The Chirag and Satwik pair won many titles including 2022 Birmingham Commonwealth Games gold,
Thomas Cup gold, bronze medal in 2022 World Championships and also won Super 300 (Syed Modi and Swiss
Open), Super 500 (Thailand and India Open), Super 750 (French Open) and Indonesia Open Super 1000.
Korea Open 2023:
i.The Korea Open 2023 is the seventeenth tournament in the 2023 BWF World Tour calendar and the fifth
Super 500 event of the season.
ii.The 30th edition of Korea Open is organized by Badminton Korea Association with sanctions from the
Badminton World Federation (BWF).
• Total Prize money: USD420,000
iii.The BWF World Tour is divided into six levels, namely World Tour Finals, four Super 1000, six Super 750,
seven Super 500, and 11 Super 300.In addition, the BWF Tour Super 100 level offers ranking points.
Satwik set two Guinness world records with fastest badminton hits in controlled environments and on-
field
i.India’s Satwiksairaj Rankireddy has set the Guinness world record for the fastest hit by a male player in
badminton with a 565 kilometre/hour(351 milesperhour) smash.
ii.He broke the previous record of 493 km/h (306.34 mph) by Malaysian Tan Boon Heong in 2013.
iii.Malaysia’s Tan Pearly also set the Guinness world record for the fastest female badminton hits with a
remarkable speed of 438 km/h (about 272 mph).
iv.Satwik’s smash was conducted in a controlled environment at the Yonex factory gymnasium in Soka,
Saitama, Japan.
• Rankireddy and Tan Pearly’s world record attempts were achieved on April 14, 2023, and were
confirmed by the Guinness World Records judges based on speed measurement findings from that
day.
On-field Record:
i.Satwik also set the fastest badminton hit on field by hitting 500 km/h (310 mph) at the Men’s Doubles
quarterfinals of 2023 Korean Open with Chirag Shetty against Japan’s Taku Takuro Hoki and Yugo Kobayashi.
ii.Previous record was set by India’s Lakshya Sen with a smash of 420 km/h during the men’s singles final of
the 2023 Canadian Open.
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Pakistan A Wins ACC Men’s Emerging Teams Asia Cup 2023

On 23rd July 2023, Pakistan A cricket team won Asian Cricket Council(ACC) Men’s Emerging Teams Asia Cup
2023 by defeating India A in the finals at R. Premadasa Stadium, Colombo, Sri Lanka.
• This marks Pakistan’s second consecutive win in the tournament,previously it won the cup in the
2019 finals against Bangladesh in Dhaka, Bangladesh.
About ACC Men’s Emerging Teams Asia Cup 2023:
i.The fifth edition ACC Men’s Emerging Teams Asia Cup 2023 held from 13th July to 23rd July 2023 in Colombo,
Sri Lanka.
ii.The eight teams participated in the event including India A, Sri Lanka A, Bangladesh A, Afghanistan A, Oman
A, Pakistan A, Nepal A and United Arab Emirates A.

List of award winners:
Award Player
Player of the Series Nishant Sindhu (India)
Avishka Fernando (Sri Lanka)
Most Runs in the tournament (225 runs)
Nishant Sindhu (India)
Most Wickets in the tournament (11 wickets)
Player of the Final Tayyab Tahir (Pakistan)
Note:
The India A cricket team is the second tier of the Indian national cricket team, consisting of players who are
usually on their way of making it into the national squad.
About ACC Men’s Emerging Teams Asia Cup:
i.It is organised by the Asian Cricket Council(ACC) and the first editon was held at Singapore in 2013.
ii.The list of teams that won the cup includes India(2013), Sri Lanka(2017), Sri Lanka(2018),Pakistan( 2019)
and Pakistan( 2023).
About Asian Cricket Council(ACC):
President – Jay Shah
Headquarters– Kuala Lumpur, Malaysia
Denmark’s Jonas Vingegaard has won 110th edition of the Tour de France
Denmark’s Jonas Vingegaard of the Jumbo-Visma, Dutch professional bicycle racing team,has
won 110th edition of the Tour de France for a second straight year on the Champs-Elysees in Paris, France. The
Tour de France (Tour of France) is an annual men’s multiple-stage bicycle race primarily held in France.
• Vingegaard crossed the finish line after the 21-day race 7min 29sec ahead of Slovenia’s Tadej
Pogacar, the champion in 2020 and 2021.
• Vingegaard’s winning margin (7 minutes and 29 seconds) was the largest since 2014.
• The tour covers 3,405 kilometres with eight mountain stages across five mountain ranges.
Vingegaard seized control of the race over two stages in the Alps.
Sri Lankan Cricketer Lahiru Thirimanne retires from international cricket

On 23rd July 2023, Sri Lankan cricketer Lahiru Thirimanne announced his retirement from international
cricket with immediate effect, after a 12-year cricket career.
About His Career:
i.Thirimanne represented Sri Lanka in 44 Test matches, 127 One-Day Internationals(ODI) and 26 Twenty20
(T20) Internationals after his debut in 2010.
ii.He has represented Sri Lanka in two ODI World Cups (2015, 2019) and three T20 World Cup campaigns,
including Sri Lanka’s victory in 2014.
iii. He Scored more than 5000 international runs across all three formats and In five ODIs, he also served as Sri
Lanka’s captain.
iv.Thirimanne’s final appearance for Sri Lanka was the Test match against India at Bengaluru in March 2022.
Tennis: India’s Sumit Nagal wins Men’s Singles Tampere Open 2023
On 23rd July 2023, Indian Tennis Player Sumit Nagal won Men’s Singles title of the Tampere Open 2023 by
defeating Dalibor Svrcina of Czech Republic in Tampere, Finland.
• This marks Sumit Nagal’s fourth Association of Tennis Professionals (ATP) Challenger title in five
outings and his second title in 2023, when he won the Garden Open 2023 in Rome, Italy.

• Previously he won the 2019 ATP Buenos Aires(Argentina open) and 2017ATP Bengaluru
Challengers.
• The 41st editon of the Tampere Open was held in
Tampere, Finland from 17th July to 23rd July, 2023.
About Tampere Open 2023:
i.Tampere Open is part of the ATP Challenger 75 category and
played on Clay surface.
ii.In 1982, the Tampere Tennis Center hosted the first Tampere
Open. After 40 editions, the tournament is now the longest-
running Challenger in history.
iii. In 2007, the Tampere Open also opened for women, when the
women’s ITF tournament began to be organized.
• In 2023, only the men’s tournament will be played at the Tampere Open.
About Sumit Nagal:
i.The 25-year old Sumit Nagal hails from Jhajjar District of Haryana and started playing Proffesional tennis from
2015.
• His career best ATP men’s singles ranking is 122 at 2020.
Key Points:
i.He won the prize money of USD 9,880 and collected 75 ATP points from this tournament.
ii.He secured 178th place in ATP World Singles ranking after the winning Tamper Open.
iii.He is the first Indian to win two ATP Challengers in Europe.Previously Indian players Somdev Devvarman,
Rohan Bopanna, and Harsh Mankad had won one ATP Challenger title in Europe.
• He is also the first Indian to win three ATP Challenger singles titles on Clay.
iv.He also becomes the first Indian player to win two ATP Challenger titles in Europe and second in Finland.
Tampere Open 2023 Winners:
Category Winner Runner
Sumit Nagal Dalibor Svrcina
Men’s Singles (India) (Czech Republic)
Vladyslav Orlov (Ukraine)
and
Piotr Matuszewski and Szymon Kielan Adam Taylor
Men’s Doubles (Poland) (Australia)
About ATP Challenger tour:
i.In terms of ranking points and prize money, the ATP Challenger Tour is the second-tier tournament circuit for
men’s professional tennis, placing just below the ATP World Tour.
ii.Events are categorized, in descending order of prestige, as Challenger 125, Challenger 110, Challenger 75, and
Challenger 50
ISSF Junior World Championships 2023: India Finished 2nd with 17 medals
India won 17 Medals(6 gold, 6 silver and 5 bronze)and secured the 2nd spot in the overall medal tally of the
3rd edition International Shooting Sport Federation (ISSF) Junior World Championships
2023Rifle/Pistol/Shotgun. The event held from 14th July to 25th July 2023 at Changwon Shooting Range,
Changwon, South Korea.
• China topped the medal tally with 28 medals(12 Golds, 9 Silver and 7 Bronze).
Note:
Previously India topped the medal tally with 43 medals(17 Gold, 16 Silver and 10 Bronze) in ISSF Junior World
Championships 2021 at Lima, Peru.

Overall Medal Tally:
Rank Country Gold Silver Bronze Total
1 China 12 9 7 28
2 India 6 6 5 17
3 Ukraine 5 3 2 10
Highlights:
i.The 19-year old Kamaljeet won two golds in the men’s 50m pistol
event and the 50m pistol men’s team event along with Ankait Tomar
and Sandeep Bishnoi.
ii.Abhinav Shaw and Gautami Bhanot won the gold medal in the
10m air rifle mixed team.
• Gautami Bhanot also won the silver medal in 10m air rifle
women’s team along with Uttam Sonam Maskar and Swati
Chowdhury.
• Abhinav Shaw also won the gold medal in 10m air rifle
men’s team along with Srikanth Dhanush and Parth Rakesh Mane.
iii.Sainyam won three medals including a gold in 10m air pistol women, and a bronze each in the 10m air pistol
mixed team and women’s team events.
iv.Sameer, Rajkanwar Singh Sandhu and Mahesh Anandakumar won silver medal in the men’s 25m Rapid Fire
Pistol team event.
• They totalled 1730 points to finish behind China’s 1747, which equalled the existing junior world
record in the event.
v.Indian pair of Harmehar Singh Lally and Sanjana Sood bagged a silver medal in the skeet mixed team event.
Indian Gold Medal Winners:
Shooter Event
Kamaljeet 50m pistol men
Shubham Bisla 10m air pistol men
Sainyam 10m air pistol women
Abhinav Shaw and Gautami Bhanot 10m air rifle mixed team
Abhinav Shaw, Srikanth Dhanush and Parth Rakesh Mane 10m air rifle men’s team
Yashita Shokeen, Veerpal Kaur and Tiyana 50m pistol women’s team
Kamaljeet, Ankait Tomar and Sandeep Bishnoi 50m pistol men’s team
Indian Silver Medal Winners:
Shooter Event
Shubham Bisla, Amit Sharma and Abhinav Choudhary 10m air pistol men’s team
Uttam Sonam Maskar, Gautami Bhanot and Swati Chowdhury 10m air rifle women’s team
Raiza Dhillon Women’s skeet
Harmehar Singh Lally and Sanjana Sood Mixed team skeet
Sameer, Mahesh Anandakumar and Rajkanwar Singh Sandhu 25m rapid fire pistol men’s team
Bakhtyaruddin Malek, Shardul Vihan and Arya Vansh Tyagi Trap men team

Indian Bronze Medal Winner:
Shooter Event
Abhinav Chaudhary and Sainyam 10m air pistol mixed team
Sainyam, Urva Chaudhary and Anjali Chaudhary 10m air pistol women’s team
Umamahesh Maddineni 10m air rifle men
Unish Holinder, Randeep Singh and Akshay Kumar 25m standard pistol men’s team
Yashita Shokeen, Prarthana Khanna and Tiyana 25m standard pistol women’s team
Participation:
i.A total of 90 Indian shooters participated in pistol, rifle and shotgun events in the under-21 age category.
ii.India’s contingent were the largest among all, followed by 66 shooters from South Korea and 46 Shooters
from the United States of America(USA).
iii.Around 550 shooters from 44 countries participated in the event.
About International Shooting Sport Federation (ISSF):
President – Luciano Rossi
Headquarters – Munich, Germany
Aditya Samant Becomes India’s 83rd Chess Grandmaster

On 26th July 2023, Aditya S Samant (17) an International Master, became India’s 83rd chess Grandmaster (GM)
by earning his 3rd GM norm against Aryan Chopra in the 9th round of Biel Chess Festival Master Tournament
(MTO) 2023 in Switzerland.
Note: To become a GM, a player has to secure 3 GM norms and cross
the live rating of 2,500 Elo points.
Key points:
i.Aditya who hails from Maharashtra earned his 1st GM norm at the
age of 16 at the ABU Dhabi Masters in Abu Dhabi, United Arab
Emirates (UAE) in August 2022 and secured his 2nd GM norm at the
3rd El Llobregat Open, Spain in December 2022.
ii.His live rating when going into the ninth round game was 2525.4
and to achieve his 3rd GM norm, he just needed to play his 9th round
game against Aryan Chopra.
iii.Aditya became an International Master in 2022 at the 1st Maharashtra GM Open 2022.
Indian achievers in Biel Chess tournament:
i.Aditya is the third Indian to achieve the final GM norm at the Biel Chess tournament.
ii.In 2021, Harshit Raja and in 2022, Pranav Anand earned their final GM norm at the Biel Chess tournament.
82nd Grandmaster:
Telangana’s Vuppala Prraneeth had become India’s 82nd Grandmaster in May 2023.
OBITUARY
Alan Arkin, Oscar-winning ‘Little Miss Sunshine’ actor, dies at 89
On June 29 2023, Veteran United States(US) actor Alan Arkin, who received four Academy Award nominations
and won an Oscar passed away in Carlsbad, California, United States of America(USA)at the age of 89.
• He demonstrated his versatility from farcical comedy to chilling drama.
Early life:
i.He was born on 26th March 1934 in Brooklyn, New York, United States of America.
ii.He began his career in theater on Broadway, New York before entering into television and film roles.

iii.He won the Tony Award for best actor for the play Enter Laughing in 1963.
Notable works and awards:
i.Arkin won his Oscar for his supporting performance in the indie
comedy “Little Miss Sunshine” in 2007.
ii.He starred in films including “Catch-22”, “Edward Scissorhands”
and “Argo,” and series like “BoJack Horseman.”
iii.His most recent role was on Netflix’s “The Kominsky Method,”
where he earned two Emmy nominations.
iv.Arkin earned two Screen Actors Guild Awards, a Golden Globe
Award, and British Academy Film Award.
v.He also received multiple Oscar nominations, including for his
first film “The Russians Are Coming, The Russians Are Coming” in 1967 and for “The Heart Is a Lonely Hunter”
in 1969.
K M Vasudevan Namboothiri, Line Artist from Kerala, passed away at 98

On 7th July 2023, Karuvattu Mana (K M ) Vasudevan Namboothiri, one of India’s fine line artists and a literary
illustrator from Kerala passed away at the age of 98 in Kottakkal, Malappuram district, Kerala. He was born in
1925 in Ponnani, Madras Presidency, British India(now in Kerala).
• He is well known for his illustrations for short stories and novels of Malayalam, like Randamoozham
(M.T. Vasudevan Nair), Enippadikal (Thakazhi Sivasankara Pillai), Pithamahan (VKN) and
Smarakasilakal (Punathil Kunhabdulla).
• In 2004, the Lalithakala Akademi of Kerala honoured him with the Raja Ravi Varma Award; he also
served as the President of the Kerala Lalithakalai Akademi.
• He received the Kerala State Film Award for art direction for his work in the film ‘Uttarayanam’ in
1974.
Spain’s only Ballon d’Or winner Luis Suarez passed away at 88

Former Spanish footballer Luis Suarez Miramontes, The Ballon d’Or winner passed away at the age of 88 in
Milan, Italy.He was the only spanish-born men’s footballer to receive the Ballon d’Or award (1960) as of July
2023.
• Luis Suárez Miramontes is often referred to as the
“Golden Galician” and nicknamed as “The Architect”.
About Luis Suarez:
i.Luis Suarez was born in La Coruna, Spain in 1935 and began his
career as footballer at Deportivo La Coruna football club.
ii.He represented Barcelona team for 253 games scoring 141 goals
from 1954 to 1961 and was the part of winning two Liga titles
(1958-59 and 1959-60), two Spanish Cups (1956-57 and 1958-
59), and two Fairs Cups (1957-58 and 1959-60) .
iii.He played for Italian football club Inter Milan from 1961 to 1969, winning three Serie A titles, two European
Cups and two Intercontinental Cups during his stay in Milan.
iv.He represented the Spanish national team for 32 games between 1957 and 1972, including winning the
European Cup in 1964.
v.He also coached the Spanish National Team (La Roja) at the 1990 world cup in Italy.
Note:
Alexia Putellas of Spain won the women’s Ballon d’Or twice in 2021 and 2022.
About Ballon d’Or Award:
The Ballon d’Or is annually presented by the France Football magazine to the world’s best footballer for their
performances over the previous year , since 1956.

Nirmala Buch, 1st and only woman Chief Secretary of Madhya Pradesh passed away at 97
Nirmala Buch, the first and only woman chief secretary of Madhya Pradesh (MP) (1991 to 1993) passed
away at the age of 97 in Bhopal, MP. She was born in Khurja district of Uttar Pradesh on October 11, 1925.
• She was a 1960 batch Indian Administrative Service (IAS) Officer who is well known for her primary
role in framing ‘Gramin Vikas’ (Rural Development) and Panchayati Raj’ (Local self- Governance)
systems in MP during her term at the Yojana Aayog (now National Institution for Transforming India
(NITI) Ayog).
• She served as financial and education secretary from 1975-1977 to the Government of MP.
• She established ‘Mahila Chetna Manch’ (MCM) in 1984 to work for women’s empowerment.
Nikki McCray-Penson, Basketball Star and Olympic Gold Medalist, Passed Away at Age 51
Nikki McCray-Penson, a former basketball star and current Rutgers assistant coach has passed away at age 51.
She hails from Tennessee, United States of America(USA).
• McCray-Penson won two Olympic gold medals for the USA –
first in Atlanta in 1996 and then in Sydney in 2000.
• McCray-Penson was inducted into the Women’s Basketball
Hall of Fame in 2012.
McCray-Penson career:
i.McCray-Penson played in the Women’s National Basketball
Association (WNBA) for Washington, Indiana, Phoenix, San Antonio
and Chicago where she was a three-time All-Star.
ii.McCray-Penson went on to play two seasons in the American Basketball League, from 1998-2006
earning MVP(Most Valuable Player) honors and winning the League championship with the Columbus Quest in
1997 and scored 2,550 career points.
McCray-Penson career as coach:
i.McCray-Penson also had a legendary 15-year career as a basketball coach.
ii.She won a national title in 2017 as an assistant coach under Dawn Staley at the University of South Carolina,
the first title for the women’s basketball program.
iii.She later served as the head coach at Old Dominion and then Mississippi State University.
Eminent Mathematician Mangala Narlikar Passed Away

On 17th July 2023, renowned Indian mathematician and educationalist Mangala Narlikar, passed away at the
age of 80 in Pune, Maharashtra. She was born on 17th May 1943 in Bombay Province, British India (now in
Pune, Maharashtra).
• She is the spouse of Prof Jayant V. Narlikar, Indian
cosmologist & astrophysicist, the founder director of the
Inter-University Centre for Astronomy and Astrophysics
(IUCAA), Pune(Maharashtra).
i. In 1980, she obtained her PhD in Analytic Number Theory from
Mumbai University (MU)
ii. Dr Mangala Narlikar carried out research in pure mathematics and
her core fields of interest were real and complex analysis, analytic
geometry, number theory, algebra and topology.
iii. She also worked for Balbharti, the Maharashtra State Bureau of Textbook Production & Curriculum
Research Centre(MSBTPCRC), a government organization responsible for developing and publishing textbooks
for schools in Maharashtra. Later in 2013 she was made ‘Chairman’ of Balbharti.
iv. Initially, she has worked at the Tata Institute of Fundamental Research (TIFR) in Mumbai(Maharashtra) and
later joined as a lecturer at Bombay University and Pune universities.

Books Written:
Mangala Narlikar has written several books for school students on mathematics in English, Hindi and Marathi
in simple terms. Some of them are
1. “Dosti Ganitashi!” is a book written in Marathi.
2. “A Cosmic Adventure” is a Marathi book co-authored by Jayant Narlikar.
3. “Fun and Fundamentals of Mathematics” is an English book co-authored by Jayant Narlikar.
4. “Ganit Gappa (Part 1 & 2)” is a Marathi book written by the author.
5. “Pahilele Desh Bhetleli Manas” is a Marathi book by the author.
6. “Nabhat Hasare Tare” is a Marathi book co-authored by Ajeet Kembhavi and Jayant Narlikar.
Additional Info:
Jayant Narlikar (spouse of Mangala Narlikar) along with Sir Fred Hoyle developed the conformal gravity theory,
called ‘Hoyle–Narlikar’.
Former Kerala CM Oommen Chandy Passes Away

On 18th July 2023, Former Chief Minister(CM) of Kerala and veteran Indian National Congress(INC) leader
Oommen Chandy passed away at the age of 79 in Bengaluru, Karnataka. He was born on October 31, 1943 in
Kottayam, Kerala.
• He served as the Chief Minister twice (2004–2006 and
again from 2011–2016) for a total of seven years. By
serving for 2,459 days as CM, he is the fourth longest
served CM of the state after Kerala’s former Chief
Ministers E K Nayanar (4,009 days), K Karunakaran
(3,246 days) and C Achutha Menon (2,640 days)
As Member of Legislative Assembly (MLA):
• As of 2nd August 2022, Oommen Chandy was the longest
serving Member of Legislative Assembly (MLA) of
Kerala’s State Legislative Assembly representing Puthuppally constituency of Kerala for 18,728
days.
• Since the establishment of Kerala state, the assembly has seen a total of 970 legislators, but only K M
Mani(President of Kerala Congress-M) and Oommen Chandy have achieved the remarkable
milestone of completing 50 years as Members of the Legislative Assembly (MLAs).
• Having commenced his tenure as a legislator with a victory in the 1970 Assembly elections, he
continued to secure triumphs in 12 consecutive polls till 2021.
As a Minister:
Oommen Chandy served as a minister in the state cabinet on four separate occasions.
i. In the first Karunakaran Cabinet (1977) and the first Antony cabinet (1977-78), he held the position of
Minister for Labour in Kerala State Government.
• During his tenure as Labour Minister, Chandy introduced unemployment wages for the first time
in the country.
ii. During the second Karunakaran cabinet (1981-82), he took charge of the Home Department in the State
Government.
iii. Additionally, he served as the Finance Minister of Kerala from 1991 to 1994 in the fourth Karunakaran
cabinet.
Additional Info:
• Oommen Chandy received recognition from the United Nation Development Program (UNDP) for
spearheading a series of pioneering initiatives in democratic governance under the Government of
Kerala. These efforts aimed at enhancing people’s access and involvement in human development
and governance.

• First of its kind in the country, Chief Minister’s Mass Contact Programme, introduced by Chandy,
marked a groundbreaking approach in the nation as it facilitated direct communication and
interaction between Chandy and the citizens.
American Singer & Grammy Award winner Tony Bennett Passes Away
On 21st July 2023, legendary American pop & jazz singer and recipient of 19 Grammy awards, Tony
Bennett(Anthony Dominick Benedetto or Joe Bari) passed away at the age of 96. He was born on 3rd August
1926 in Queens, New York, United States of America(USA).
About Tony Bennett:
He received a Recording Academy (Grammy)’s Lifetime
Achievement Award in 2001. He sold more than 50 million albums
worldwide.
• In 1999, Bennett and his wife, Susan, founded Exploring
the Arts, a nonprofit dedicated to strengthening the role
of the arts in public high school education.
Records:
• In 2014, he made the album ‘Cheek to Cheek’ in
collaboration with Lady Gaga, becoming the oldest living act to reach the top spot in the US, breaking
his record for his album Duets II in 2011.
• In 2021, at the age of 95 years and 60 days, with the release of “Love for Sale,” his second
collaboration with Gaga, as it made him the oldest person to launch a new material album, setting
a Guinness World Record.
Grammy & Other Recognistion:
i.Out of 19 Grammy awards, Bennett received first Grammy for the song “I Left My Heart in San
Francisco,” under two category (for Record of the Year and Best Solo Vocal Performance, Male). Later it was
inducted into the Grammy Hall of Fame in 1994.
ii.In 1994, his MTV Unplugged outing won Bennett a Grammy for album of the year
iii.Four of his albums were certified Platinum (given by Recording Industry Association of America (RIAA),
including I Left My Heart in San Francisco (1962), MTV Unplugged: Tony Bennett (1994), Duets: An American
Classic (2006) and Duets II (2011).
iv.Other albums: ‘Because of You’(1951- first No. 1 hit ), ‘The Art of Excellence’(1986), ‘Perfectly Frank’(1992)
v.’Love for Sale’(2021) was his last studio release.
Note: Platinum is the certification awarded to music albums that have sold more than 1 million copies.
As a painter:
• The United Nations twice commissioned his artwork, including their 50th Anniversary “Peace” and
“Brotherhood”.
• “Homage to Hockney,” is on permanent display at the Butler Institute of American Art (Ohio, USA),
and “Boy on Sailboat, Sydney Bay.” in National Arts Club(New York, USA)
As a Democrat:
i.In 1944, Tony Bennett served in the US Army during World War II, fighting in France and Germany.
ii.He was a supporter of the civil rights movement, participating in the 1965 Selma to Montgomery marches.
Czech-French novelist Milan Kundera Passed Away

On 11th July 2023, Milan Kundera, Czech Republic-born French writer passed away in Paris, France at the
age of 94. He was born on April 1, 1929 in Brno city, Czech Republic (erstwhile Czechoslovakia).
He was best-known for his 1984 novel ‘The Unbearable Lightness of Being’.
• He emigrated to France in 1975 after his dismissal from the Czechoslovakian Communist Party for
“anti-communist activities and he lost his Czech nationality in 1979 and became a citizen of France
in 1981. After 40 years, his Czech citizenship was restored in 2019.

• His notable work includes The Joke (1967); Laughable Loves (1968); Life is Elsewhere (1969); The
Book of Laughter and Forgetting” (1979); Immortality (1988); Identity (1998)
• His awards include the Jerusalem Prize (1985); the Herder Prize (2000).
Renowned Marathi Writer Shirish Kanekar Passed Away

On 25th July 2023, Shirish Kanekar, Veteran Marathi writer and columnist passed away in Mumbai,
Maharashtra at the age of 80. He was born on June 6, 1943 in Pune, Maharashtra.
• He worked at Marathi and English language publications like Loksatta, Indian Express, Samana, and
Free Press Journal. He was popular for his newspaper columns on Cinema, Cricket and Politics.
• His notable works include: Humorous articles like ‘Kanekari’, Fillambaji’, and ‘Shirishasan’;
Bollywood movies such as “Nut Bolt Bolpat,” “Kanekari,” and “Cricket Vedh”; Books such as Irsalaki;
Surparambya.
His collection of stories titled ‘Lagaon Batti,’ was recognised and honoured with the Maharashtra Literary
Parishad Award for Best Comedy- Joshi Award
BOOKS & AUTHORS

Kerala Governor Released Malayalam Translation Of ‘Krishna – The 7th Sense’ by Debashis
Chatterjee
On 8th July 2023, Arif Mohammed Khan, Governor of Kerala, released the book “Krishnan Oru
Ezhamindriyam”, the Malayalam translation of ‘Krishna – the 7th Sense’ authored by Prof. Debashis
Chatterjee, Director of Institutes of Management (IIM)-Kozhikode(Kerala), during the event held at IIM,
Kozhikode, Kerala.
The book was translated from English to Malayalam by V Madhusoodan.
• ‘Krishna – the 7th Sense is Debashis Chatterjee’s debut novel in fiction and a spiritual work on love
and living published in 2022.
The Governor also disclosed the latest edition of Debashis Chatterjee’s work Karma Sutras – Leadership and
Wisdom in Uncertain Times, the lead book of the IIMK (Kozhikode)-Penguin Series for New Managers.
Union Minister Bhupendra Yadav Released MSSRF’s Pictorial Book on Mangrove

On 14th July 2023, Bhupender Yadav, Union Minister of Environment, Forest and Climate Change, released the
pictorial book titled ‘Biodiversity and Importance of Mangrove Ecosystem’ authored by scientists from the
M S Swaminathan Research Foundation (MSSRF), in Chennai, Tamil Nadu(TN).
• It provides a comprehensive overview of the mangrove ecosystem in India and is available in
English, Tamil and Telugu.
• It contains simple descriptions to explain mangrove species across India, medicinal uses of
mangroves and several wildlife creatures that thrive in the ecosystem.
The book can be downloaded from the MSSRF website www.mssrf.org
Former CEC of India TN Seshan authored his autobiography “Through The Broken Glass”
‘Through The Broken Glass: An Autobiography authored by T.N. Seshan, the former Chief Election
Commissioner (CEC) of India, who made a significant difference to Indian elections. It was published by Rupa
Publications India. This autobiography also covers his term as the CEC from 1990 to 1995 with a page count of
368. It has been published 4 years after he passed away in 2019.
• In the early part of his career he described his first posting as a sub-collector in Dindigul and then a
collector in Madurai of Tamil Nadu.
T.N. Seshan is also the author of An Undocumented Wonder: The Making of the Great Indian Election.

Venkaiah Naidu Released the Book “As the Wheel Turns” in Chennai
On 20th July 2023, Former vice president Venkaiah Naidu released the book titled “As the wheel turns” to mark
the Rayala Corporation’s Diamond Jubilee(75th year celebration) in Chennai, Tamil Nadu.
• The book is authored by Ranjit Pratap, Managing Director of Rayala Corporation.
The book offers a remarkable 50 years journey of Ranjit Pratap’s personal experiences, hardships and triumphs
in the world of business.
About Rayala Corporation:
i.Rayala Corporation was founded by Rajagopal Naidu in 1948 as an automotive spare parts and office
equipment product company. The headquarters is located in Chennai,Tamil Nadu.
ii.It has now diversified into sectors including arms and ammunition, real estate, organic farming and food
processing.
IMPORTANT DAYS
International Asteroid Day 2023 – June 30
The United Nations (UN)’s International Asteroid Day is annually observed across the world on 30th June to
raise public awareness about the asteroid impact hazard and to inform the public about the crisis
communication actions to be taken at the global level in case of a credible Near-Earth Object (NEO) threat.
Background:
i. In December 2016, the United Nations General Assembly (UNGA) adopted the resolution, A/RES/71/90 and
proclaimed the 30th June of every year as the International Asteroid Day.
ii. The observance of the day was based on a proposal by the Association of Space Explorers, which was
endorsed by the Committee on the Peaceful Uses of Outer Space (COPUOS).
iii. The first-ever International Asteroid Day was observed on 30th June 2017.
History:
Asteroid Day was co-founded by Dr Brian May, an astrophysicist and famed musician of the rock group Queen;
Rusty Schweickart, Apollo 9 astronaut; Grig Richters, filmmaker; and Danica Remy, President of B612
Foundation to educate the public about the importance of asteroids and so on
Why June 30?
30th June marks the anniversary of the Earth’s largest asteroid impact in recorded history, the Siberia
Tunguska event, which occurred on 30th June 1908.
Siberia Tunguska event:
Siberia Tunguska event, a massive 12-megaton explosion that happened near the Podkamennaya Tunguska
River in Yeniseysk Governorate of Eastern Siberia (Current Krasnoyarsk Krai) in Russia.
What Is an Asteroid?
Asteroids are small, rocky objects that orbit the Sun. Although asteroids orbit the Sun like planets, they are
much smaller than planets.
Near-Earth Objects (NEO): A Near-Earth Object is an asteroid or comet which passes close to the Earth’s
orbit, which represents potentially catastrophic threats to our planet.
UN and Outer Space:
i. The United Nations Office for Outer Space Affairs (UNOOSA) has worked on NEO, recognising a NEO impact
hazard as a global issue demanding an international response.
ii. UNOOSA works to promote international cooperation in the peaceful use and exploration of space, and in the
utilisation of space science and technology for sustainable economic and social development.

About United Nations Office for Outer Space Affairs (UNOOSA):
Note: Aarti Holla-Maini appointed as Director of UNOOSA on 28th June 2023.
Established in- 13 December 1958
UNOOSA Acting Director- Niklas Hedman
Headquarters- Vienna- Austria
International Day of Parliamentarism 2023 – June 30

The United Nations(UN)’s International Day of Parliamentarism is annually celebrated across the globe on 30
June to celebrate Parliaments and the ways in which parliamentary systems of government improve the day-
to-day lives of people across the world.
• The day also marks the anniversary of the foundation of the Inter-Parliamentary Union (IPU), the global
organization of national parliaments, founded on 30th June 1889.
• 30th June 2023 marks the 134th anniversary of IPU.
The theme of International Day of Parliamentarism 2023 is “Parliaments for the Planet”.
• The 2023 theme focus on climate action and emphasis that ‘climate action starts at home’.
IPU’s campaign for International Day of Parliamentarism 2023:
The IPU-launched campaign “Parliaments for the Planet” to mobilize parliaments and parliamentarians to act
on the climate emergency.
The campaign is made up of 2 parts:
i.My parliament- This emphasises parliaments and the people working there to reduce their carbon footprints
and transform to green energy.
ii.My planet- To empower parliament to create climate change legislation in the area of the Nationally
Determined Contributions (NDCs) to carry out the Paris Agreement and limit global warming to 1.5 degrees
Celsius.
Background:
i.The United United Nations General Assembly(UNGA) adopted the resolution A/RES/72/278 on 22nd May
2018 and proclaimed the 30th June of every year as the International Day of Parliamentarism to acknowledge
the importance of parliamentary institutions.
ii.The first-ever International Day of Parliamentarism was observed on 30th Jun 2018.
Why 30th June?
30th June was chosen to mark the foundation day of the IPU founded on 30th June 1889 in Paris, France.
History of IPU:
i.The idea for the IPU was laid by William Randal Cremer(England) and Frédéric Passy(France) by setting up
an association of MPs which has been transformed into a global organization.
ii.The IPU was instrumental in setting up the Permanent Court of Arbitration in The Hague in 1899,and helped
in laying the foundations for the creation of the League of Nations in 1919 and the United Nations in 1945.
About Inter-Parliamentary Union (IPU):
President- Duarte Pacheco
Secretary General- Martin Chungong
Headquartered- Geneva, Switzerland
Members– 79 Member Parliaments and 14 Associate Members.
Slogan– “For democracy. For everyone.”
National Doctor’s Day 2023 – July 1

National Doctor’s Day is annually observed across India on 1st July to appreciate and honour the valuable
contributions of doctors and healthcare professionals in India. This day also gives an opportunity to thank
doctors for their selfless service and efforts for the well-being of the people in India.

• The day also commemorates the birth as well as the death Anniversary of Bharat Ratna Dr. Bidhan
Chandra Roy (BC Roy), a physician and one of the most influential designers of India’s contemporary
healthcare system.
• The national observance of Doctor’s Day across India is led by the Indian Medical Association (IMA).
The theme for National Doctor’s Day 2023 in India is – “Celebrating Resilience and Healing Hands”.
The 2023 theme aims to recognise and appreciate the tireless efforts of our medical professionals during the
period of the COVID-19 pandemic and continue to be resilient as newer diseases, infections and health issues
emerge.
Background:
i. In India, the celebration of National Doctor’s Day was initiated by the Indian Medical Association (IMA) for
the first time on 1st July 1991.
ii. Since 1991, the day has been celebrated as a significant occasion to honour and appreciate the invaluable
contributions of doctors, promote medical awareness, and encourage the well-being of the medical community.
About Bidhan Chandra Roy (BC Roy):
i. Bidhan Chandra Roy was born on July 1, 1882 in Patna, Bihar.
ii. After completing his medical studies at St Bartholomew’s Hospital in London, the United Kingdom (UK), he
completed both the Member of the Royal College of Physicians (MRCP) and the Fellow of the Royal College of
surgeons (FRCS) degrees in a span of only two years and three months.
iii. He also pioneered the founding of the IMA in 1928 and the Medical Council of India in 1934 and also served
as the first President of the Medical Council of India.
iv. He was a personal doctor of Mahatma Gandhi and the first medical consultant in the subcontinent of India.
v. He served as the 2nd Chief Minister of West Bengal (from 1948 to 1962).
vi. In 1961, the Government of India honoured him with the Bharat Ratna in recognition of his immense
services to society. He passed away on 1st July 1962.
Events in 2023:
i. On the occasion of National Doctors Day 2023, the IMA has organised a national event in New Delhi, Delhi.
ii. Devusinh Chauhan, Minister of State (MoS), Ministry of Communications, graced the event as Chief Guest.
About Indian Medical Association (IMA):
National President- Dr. Sharad Kumar Agarwal
75th National Chartered Accountants Day – 1st July 2023

The National Chartered Accountants (CA) Day is annually observed across India on 1st July to commemorate
the establishment of the Institute of Chartered Accountants of India (ICAI) on 1st July 1949. It is also known as
ICAI Foundation Day which honors the work of all Chartered Accountants.
• 1st July 2023 marks the 75th anniversary of the ICAI.
Theme for 2023:
The theme for the year 2023 is ‘Empowering Financial Excellence’.
Event 2023:
i.To commemorate the 75th anniversary, President of India Droupadi Murmu attended the CA foundation day
and launched the new syllabus at Siri Fort Auditorium, New Delhi, Delhi
• The syllabus is formulated with the new Scheme of Education and Training in line with International
Education Standards and National Education Policy, 2020 (NEP).
• ICAI celebrated the event as Vishwaska Utsav showcasing ICAI’s name as an embodiment of
Independence, Integrity & Excellence.
ii.India Post, Ministry of Communication & Technology, released a commemorative stamp of ICAI on the
occasion of the CA Day 2023 to mark the beginning of its 75th year.
iii.ICAI also launched a Special logo to commemorate the beginning of its 75th year.

Feature of the logo:
i.The logo features a modern interpretation of the Garuda, the mythical bird-like creature that is a symbol of
strength, power, and wisdom in Indian mythology.
ii.The vibrant blue color on the logo represents the dynamism and innovation of the chartered accounting
profession.
iii.The logo also features the words “The Institute of Chartered Accountants of India” in a sans-serif font and a
tagline: ‘75 Years of Trust’.
ICAI:
i.The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament,
(The Chartered Accountants Act, 1949) to regulate the profession of Chartered Accountancy in the country.
• The ICAI is the 2nd largest professional body of CA’s in the world an it is the only licensing and
regulatory body for the financial audit and accounting profession in India.
ii.The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of
India.
iii.The Council constitutes of 40 members, 32 are elected by the Chartered Accountants and 8 are nominated by
the Central Government representing the Comptroller and Auditor General of India(CAG), Securities and
Exchange Board of India(SEBI), Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
About Institute of Chartered Accountants of India (ICAI):
President- Aniket Sunil Talati
Established in 1949
6th Goods and Services Tax Day – 1st July 2023

Goods and Services Tax (GST) Day is annually observed on 1st July to commemorate the implementation of the
GST system, a comprehensive indirect tax levied on the supply of goods and services in India.
• 1st July 2023 marks the observance of the 6th GST Day which commemorates the 6th anniversary
of GST coming into force (1st July 2017).
Background:
i.On 1st July, 2017, GST laws were implemented, replacing multiple indirect taxes such as excise duty, service
tax, value-added tax (VAT), and others levied by the Central and State Governments.
ii.On 30th June 2018, the Government of India announced the decision to celebrate the 1st July of every year as
the GST Day.
• The first-ever GST day was observed on 1st July 2018, which marked the first anniversary of the
Implementation of GST.
Events 2023:
• Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs presided over as the chief guest
of the celebrations of the 6th GST Day organised at the Vigyan Bhawan, New Delhi, Delhi.
• Two taxpayers, namely, Ji Shoji India Pvt. Ltd. and Rajan Agro Green Foods Pvt ltd also received
commendation from the MSME category.
Key People:
Pankaj Chaudhary, Minister of State (MoS) for Finance, Sanjay Malhotra, Secretary of Revenue; Vivek Johri,
Chairperson of CBIC, and Members of the GST Council also participated in the event.
Genesis of GST:
i.The idea of a nationwide GST in India was first proposed by the Kelkar Task Force on Indirect taxes in 2000.
Objective: To replace the existing complex and fragmented tax structure with a unified system which will
simplify compliance, reduce tax cascading, and promote economic integration.
ii.The Constitution (122nd Amendment) Bill, 2014, which aimed to amend the Constitution to enable the
implementation of GST, was introduced in Parliament and was passed in 2015.

iii.The bill was later passed in the Rajya Sabha and the Lok Sabha in August 2016 and received the assent of the
President on 8th September 2016.
iv.The GST Council was notified with effect from 15th September 2016 and the office of the GST Council
Secretariat was established to assist the GST Council.On 1st July 2017, GST laws were implemented.
Features of GST:
Dual Structure: The GST operates under dual structure: Central GST (CGST) levied by the Central Government
and the State GST (SGST) levied by the State Governments.
• For Inter-state transactions, Integrated GST (IGST) is applicable, which is collected by the Central
Government and apportioned to the respective State.
• GST is levied at each stage of the supply chain, from the manufacturer to the consumer.It is applied
to the value addition at each stage and reduce the burden on the end consumer.
Gross GST Revenue – June 2023:
The gross GST revenue collected by the end of June 2023 is Rs 1,61,497 crore. For the 4th time, the gross GST
collection has crossed Rs. 1.60 lakh crore mark.
• This includes Rs 31,013 crore CGST, Rs 38,292 crore SGST and Rs 80,292 crore IGST(including Rs
39,035 crore collected on import of goods) and Rs 11,900 crore cess (including Rs 1,028 crore
collected on import of goods).
• The government has settled Rs 36,224 crore to CGST and Rs 30,269 crore to SGST from IGST.
• The total revenue of the Centre and the States in the month of June 2023 after the regular settlement
is Rs 67,237 crore for CGST and Rs 68,561 crore for SGST.
• The revenue of June 2023 is 12% higher than the GST revenues of June 2022.
About GST Council :-
As per Article 279A (4), the GST Council will make recommendations to the Union and the States on important
issues related to GST, like the goods and services that may be subjected or exempted from GST, model GST
Laws, principles that govern Place of Supply, threshold limits.
• Chairperson of GST Council is Union Finance Minister Smt.Nirmala Sitharaman
World Sports Journalists Day 2023 – July 2

World Sports Journalist Day is annually observed all over the world on 2nd July to acknowledge and honour
the hard work of sports journalists across the world. The day also commemorates the foundation of the
International Sports Press Association (AIPS Association Internationale de la Presse Sportive) in 1924 in Paris,
France.
2nd July 2023 marked the 99th Anniversary of the International Sports Press Association (AIPS).
Background:
i. World Sports Journalists Day was established by the AIPS in 1994 to mark the 70th anniversary of its
foundation and celebrate the achievements of members of the sporting media.
ii. To mark the foundation of AIPS, July 2nd each year has been designated World Sports Journalists Day.
iii. The first-ever World Sports Journalists Day was observed on July 2nd 1994.
History of the International Sports Press Association (AIPS):
i.During the 1924 Summer Olympics at Paris, France,AIPS was established in Paris, France as Association
Internationale de la Presse Sportive by Frantz Reichel, Games Press Chief and Victor Boin, Belgian freestyle
swimmer.
ii. The first Congress was held in July 1924, with 29 nations present.
Note: 85 Congresses have been held since 1924, with the last one taking place in Seoul, the Republic of Korea
(South Korea) in May 2023.
AIPS Card:
It is the only official sports press card recognised across all borders, represents an important network of
contacts, information and communications linking more than 10,000 journalists as well as leading international
daily newspapers, periodicals and radio and television channels across the five continents.

AIPS Sport Media Awards:
i. The AIPS Sport Media Awards are the highest international accolade in the sport media industryand is a
celebration of sports media excellence, offering recognition to the very best sport storytellers across all media
platforms.
ii. The 2023 Awards will be the 5thedition and will take place in Seoul, South Korea.
Various Awards for Sports Journalist:
i Emmy Award by the National Academy of Television Arts and Sciences (NATAS) and Dave Moore Award by
Elysian Fields Quarterly, the United States of America (USA).
ii. Red Smith Award by the Associated Press Sports Editors (APSE), the USA.
Federation in India:
i. Sports Journalists’ Federation of India (SJFI) was formed on 27th February 1976 at the Eden Gardens,
Calcutta (now Kolkata), West Bengal.
ii. In 1978, SJFI became a founding member of the Asian Sports Journalists’ Union and in 1979 the SJFI got
affiliated to the World Sports Journalist body AIPS.
About International Sports Press Association (AIPS):
President- Gianni Merlo
Headquarters- Lausanne, Switzerland
International Plastic Bag Free Day 2023 – July 3

International Plastic Bag Free Day is annually observed across the globe on 3rd July to create awareness about
the hazardous effects of single-use plastic bags on the environment.
• The day is a reminder for individuals and communities globally to decrease their reliance on plastic
bags and look for sustainable solutions as an alternative.
Background:
i.The first International Plastic Bag Free Day was observed on 3rd July 2008, initiated by Rezero, a member of
Zero Waste Europe (ZWE).
ii.The first edition took place in Catalonia ,Barcelona, Spain, and later in 2009 ZWE decided to launch it at
European level.
• The European Union(EU), in 2015, passed specific directives to decrease the dependence on single-
use plastic bags.
Highlights:
i.The Plastic Bag Free Day is a part of the Break free from plastic movement, started in 2016 which unites the
international movement of plastic pollution fighters to build a future free from plastic waste.
ii.In 2002, Bangladesh became the 1st country in the world to implement a ban on thin plastic bags as it
clogged the drainage systems during the floods.
Significance:
i.The Day aims to create awareness about the need to reduce plastic waste, promote sustainable alternatives
and encourage behavioural changes regarding the use of plastic bags.
ii.The day also serves as a reminder of the harmful effects of plastic bags on the environment, wildlife and
human health.
Efforts of the Government of India:
The Ministry of Environment, Forest and Climate Change (MoEFCC) notified comprehensive guidelines on
Extended producer responsibility (EPR) under plastic waste management rules 2016.
• The MoEFCC adopted,
i.To enforce the ban on identified single-use plastic items,
ii.To implement extended producer responsibility on plastic packaging.
Note: The Guidelines on EPR for Plastic Packaging target recycling of plastic packaging waste, reuse of rigid
plastic packaging, and use of recycled plastic content.

Alternatives to Plastic Bags
Plastic Bags can be replaced with reusable cotton bags, mesh bags(washed and reused) and paper bags
(biodegradable and recyclable) made up of made of canvas and cotton.
About Zero Waste Europe:
Executive director- Joan Marc Simon
Headquarters- Brussels, Belgium
International Day of Cooperatives 2023 – July 1

The United Nations (UN)’s International Day of Cooperatives (CoopsDay) is annually observed across the
globe on the first Saturday of July to raise awareness about the importance of cooperatives and their
contributions to the development of society. CoopsDay is an annual celebration of the Cooperative movement,
one of the world’s oldest and largest business networks.
The day also commemorates the establishment of the International Cooperative Alliance (ICA), one of the
largest non-governmental organisations representing cooperatives.
• ICA was founded in London, England on 19 August 1895 during the 1st Cooperative Congress.
• 1st July 2023 marked the observance of the 101st International Day of Cooperatives.
The theme for the International Day of Cooperatives 2023 is “Cooperatives: partners for accelerated
sustainable development”.
• The 2023 theme highlights how the cooperative way of working, inspired by the cooperative values
and principles, has the accomplishment of the UNs Sustainable Development Goals (SDGs).
Note: Since 1995, the ICA and the UNs, through the Committee for the Promotion and Advancement of
Cooperatives (COPAC), have jointly set the theme for the celebration of CoopsDay.
Background:
i. Since 1923, the International Cooperative Day has been annually celebrated by the global Cooperative
Movement on the 1st Saturday in July.
ii. The first-ever Co-operators Day was observed on 7th July 1923.
iii. In December 1992, the United Nations General Assembly (UNGA) adopted the resolution A/RES/47/90 and
proclaimed the first Saturday of July 1995 to be International Day of Cooperatives, marking the centenary of the
establishment of the ICA.
iv. Since 1995, the UNs International Day of Cooperatives has been observed jointly alongside International
Cooperative Day.
v. The 2023 Coops Day marked the 29th International Day of Cooperatives recognised by the UN.
About Co-operative Movement:
i. Co-operatives are associations and enterprises through which people can effectively improve their lives while
contributing to the economic, social, cultural and political advancement of their community and nation.
ii. The co-operative movement has been also recognised as a distinct and major stakeholder in both national
and international affairs.
Note: In September 2023, the international community will mark the midpoint in the implementation of the
2030 Agenda for Sustainable Development and search ways to demonstrate the contribution of cooperatives in
advancing the achievement of the SDGs.
History of Co-operative:
i. The earliest record of a cooperative comes from Fenwick, Scotland on March 14, 1761.
ii. In 1844 a group of 28 artisans working in the cotton mills in the town of Rochdale, in the north of England,
the United Kingdom (UK) established the first modern cooperative business, the Rochdale Equitable Pioneers
Society, also known as the Rochdale Pioneers.
Events of 2023:
i. An online International Conference ‘Cooperative for Sustainable development’ was held on 1st July 2023 from
Donostia, Spain.

ii. During the conference, the Cooperators from all around the world discussed the relationship between the
cooperative movement and each of the Sustainable Development Goals (SDGs) from 1 to 17.
iii. The event was organised by the Higher Council of Cooperatives of the Basque Country together with
Konfekoop and COCETA.
PM inaugurated 17th ICC on the International Day of Cooperatives in Delhi
On the occasion of the International Day of Cooperatives 2023(1st July 2023), Narendra Modi, Prime
Minister of India, inaugurated 17th Indian Cooperative Congress (ICC) on 1st and 2nd July 2023 at
International Exhibition-cum-Convention Centre (IECC), Pragati Maidan in New Delhi, Delhi.
• The theme of the congress is ‘AmritKaal: Prosperity through Cooperation for a Vibrant India’.
• The 2-day event organised by National Cooperative Union of India (NCUI) was chaired by Union
Minister Amit Shah, Ministry of Home Affairs (MoHA) and Ministry of Cooperation.
Note: NCUI is the apex organisation of the cooperative movement in India and is responsible for education and
training of more than 8.5 lakh Cooperatives in India. It has a population of more than 30 crore people.
Highlights of the Event:
i.During the event, PM also launched e-commerce platform NCUI Haatfor Cooperative Marketing.
ii. He also unveiled the cooperative extension and advisory services portal, focusing on a learning management
system which provides information and services for cooperative members, leaders, managers and the general
public.
iii. PM also unveiled a book on ‘Cooperative Growth and Trends in India’, a souvenir on cooperative movement,
training modules on “Member’s role in cooperative” and “Governance in Cooperatives”.
Key People:
i. Union Home Minister Amit Shah presided over the inaugural session of the congress and Om Birla, Lok Sabha
Speaker graced the valedictory function as Chief Guest.
ii. Union Minister ManuskhMandaviya, Ministry of Health and Family Welfare and BL Verma, Minister of State
(MoS) for Cooperation also participated in the event.
Objective:
The objective of the meeting is to discuss various trends in the cooperative movement, to showcase the best
practices being adopted by the successful cooperatives and to deliberate on challenges being faced by the
cooperative world. The event will witness the participation of more than three thousand 600 stakeholders.
Google Cloud-powered e-commerce App for Cooperative communities
On 1st July 2023, Narendra Modi, Prime Minister of India launched an e-Commerce App for Cooperative
Marketing, created through a partnership between Google Cloud and the National Cooperative Union of India
(NCUI), during the 17th ICC in New Delhi, Delhi.
Features of the e-Commerce App:
i. The App will enable cooperatives to sell their products directly across different regions, eliminating the need
for intermediaries.
ii. The platform will offer training, capacity building support, and access to government welfare schemes,
assisting cooperatives in areas such as packaging, branding, and market reach.
iii. The e-commerce app will serve as a common platform for cooperative communities to showcase and sell
their products and services to a larger group of people.
Shares of Cooperative Sector of India:
Cooperative sector has a share of about 29% in agriculture credit distribution, 35% in fertiliser distribution,
25% in fertiliser production, 35% in sugar production, about 30% in spindle sector, almost 15% in milk
production, procurement and sale, 13% in wheat procurement, and 20% in paddy procurement.
Additional info:
i. To ensure equality in cooperative law under the constitutional framework, the Parliamentary Committee
government has suggested an amendment in the Multistate Cooperative Societies Act. The law will be
enforced as suggested by the Parliamentary Committee with consensus coming in the coming session of
Parliament.

ii. To bring uniformity in the laws forPrimary Agricultural Credit Societies (PACS), Ministry of Cooperation
prepared the bylaws for PACS and sent it to 26 States and Union Territories (UT) as advisories.
• Around 26 states and UTs have accepted these bylaws and 85% PACS of India will work under the
same law after September 2023.
iii. Initiatives were taken in changing the retail outlets and the Centre has also approved world’s biggest food
grains storage scheme, with the success of this scheme, the share of cooperatives in the storage system will
increase to more than 35% in the next 5 years.
iv. Strengthening the cooperative sector of India by providing PACS in every panchayat of India in the next 3
years.
• Currently 85,000 PACS in India, and 3 lakh PACS will come into existence.
About Ministry of Cooperation:
A separate Ministry of Cooperation in India was set up under the Government of India in 2021.
Union Minister- Amit Shah (Constituency- Gandhi Nagar, Gujarat)
Minister of State (MoS)- B. L. Verma (Rajya Sabha Uttar Pradesh)
First ever International Day of Women in Diplomacy – 24th June 2023

The United Nations (UN)’s first ever International Day of Women in Diplomacy (IDWID) was observed
on 24th June 2023 to recognize the role of Women in Diplomacy as in furthering the Socio-Economic Equitable
and Inclusive Sustainable Development.
• The theme of IDWID 2023 is “Breaking Barriers, Shaping the Future: Women in Diplomacy for
Sustainable Development”.
Background:
During its 76th Session, United Nations General Assembly(UNGA) adopted the resolution A/RES/76/269 on 20
June 2022 and proclaimed the 24th June of every year as the International Day of Women in
Diplomacy (IDWID) .
• 24th June 2023 marks the observance of the 1st ever International Day of Women in Diplomacy.
Note: As of January 2023, there were 34 women serving as heads of state and/or government of 31 countries.
First high level forum for IDWID 2023:
On 23rd June 2023, The Royal Academy of Science International Trust (RASIT) and the Permanent Mission of
Malta to the UN organised (virtually) the First High-Level Forum celebrating IDWID 2023.
i.The forum, organised by the RASIT’s programs: World Youth League and Women in Science International
League discussed the role of women diplomats in Breaking Barriers, re-Shaping the Future of achieving the
three pillars of sustainable development: economic prosperity, social justice, and environmental integrity.
ii.The Inaugural Forum of the IDWID featured interactive conversations led by youth with women diplomats in
the international community and 4 high-level conversations with distinguished women ambassadors.
World Zoonoses Day 2023 – July 6

World Zoonoses Day is annually observed across the globe on 6th July to raise awareness about Zoonosis or
zoonotic disease, an infectious disease that can spread between species, from animals to humans or vice versa.
The day commemorates the anniversary of the day that Louis Pasteur, a French biologist, successfully
administered the first vaccine against rabies, a zoonotic disease on 6th July 1885.
Zoonosis:
i. A zoonosis is any disease or infection that is naturally transmissible from vertebrate animals to humans.
There are over 200 known types of zoonoses.
ii. Zoonotic pathogens may be harmful germs like bacteria, virus or parasites, or may involve unconventional
agents and can spread to humans from animals through direct contact or through food, water or the
environment.
iii. Zoonoses include a wide range of new and existing diseases in humans such as Rabies, which are 100%
preventable through vaccination and other treatments.

iv. Other zoonoses such as Ebola virus disease, salmonellosis and COVID-19, have the potential to cause global
pandemics.
Prevention and control:
i. Safe and appropriate guidelines for animal care in the agricultural sector will help reduce the potential for
foodborne zoonotic disease.
ii. Standards for clean drinking water and waste removal, as well as protections for surface water in the natural
environment, are also important and effective.
iii. Education campaigns to promote handwashing after contact with animals and other behavioural
adjustments can reduce community spread of zoonotic diseases.
WHO’s response for Zoonotic disease:
i. World Health Organization (WHO)’s ‘One Health’ is an integrated, unifying approach that mobilises multiple
sectors, disciplines and communities at varying levels of society to balance and optimise the health of people,
animals and the environment.
ii. As part of the One Health approach, the WHO collaborates with the Food and Agriculture Organization (FAO)
of the United Nations (UN) and the World Organisation for Animal Health (OIE) on the Global Early Warning
System for Major Animal Diseases (GLEWS).
About World Health Organization (WHO):
Founded in- 1948
Director-General- Dr Tedros Adhanom Ghebreyesus
World Kiswahili Language Day 2023 – July 7

The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s World Kiswahili Language
Day is annually celebrated across the globe on 7th July to recognise the role of Kiswahili language as a
language of unity.
• The day highlights the role of Kiswahili in promoting cultural diversity, creating awareness and
encouraging dialogue among civilizations.
• 7th July 2023 marks the 2nd commemoration of the World Kiswahili Language Day.
The 2023 theme of World Kiswahili Language Day is “Unleashing Kiswahili’s potential in the digital era“,
which highlights the important role played by Kiswahili in the digital landscape.
Significance:
The day offers a platform to promote the potential of Kiswahili to achieve the UN 2030 Agenda for Sustainable
Development as well as the African Union Agenda 2063.
• Kiswahili, also known as Swahili, is one of the most widely used languages of the African family
and the most widely spoken in sub-Saharan Africa.
• It is the only African language within the Directorate of the Global Communications at the UN.
Background:
i. In November 2021, UNESCO in its 41st session of the General Conference adopted the resolution 41 C/61,
proclaimed the 7th July of every year as the World Kiswahili Language Day.
ii. The first-ever World Kiswahili Language Day was observed on 7th July 2022.
Note: Kiswahili is the first African language recognized by the UN.
Why July 7th?
On July 7th 1954, the Tanganyika African National Union (TANU) under the Late Mwalimu Julius
Kambarage Nyerere, First President of the United Republic of Tanzania, adopted Kiswahili as a unifying
language for independence struggles.
About Kiswahili:
i. Kiswahili is among the 10 most widely spoken languages in the world, with more than 200 million speakers.
ii. The language is one of the lingua franca (common language) in many countries within East, Central and
Southern Africa as well as in the Middle East.

iii. It is one of the official languages of the African Union (AU), Southern African Development Community
(SADC) and East African Community (EAC).
iv. It is an indispensable tool in facilitating regional integration particularly in the implementation of the
African Continental Free Trade Agreement (ACFTA).
v. The UN in 1950, established the Kiswahili language unit of UN Radio.
2023 Events:
i. On 7th July 2023, an event was organised on the basis 2023 theme “Unleashing Kiswahili’s potential in the
digital era” by the UNESCO and the Permanent Mission of the United Republic of Tanzania, in collaboration with
the State Members of the Southern African Development Community (SADC) and East African Community
(EAC) to the UN at New York, the United States of America (USA).
ii. This event drew attention to how Kiswahili can act as a bridge, connecting diverse communities and
facilitating inclusive participation in the digital world.
Establishing Kiswahili from India:
i. Since May 1943, the external service division of Akashvani, formerly known as All India Radio (AIR), the
national public radio broadcaster of India has been broadcasting a daily Kiswahili (Swahili) language service to
reach out to the African community all over the world.
About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Founded in- 16 November 1945
Director-General- Ms Audrey Azoulay
Headquarters- Paris, France
National Fish Farmer’s Day 2023 – July 10

National Fish Farmer’s Day(NFFD) is annually observed across India on 10th July to recognise the
contributions of the fish farmers, aquaculture industry professionals and other stakeholders towards
sustainable development of the fisheries sector.
• The day offers a platform to acknowledge and appreciate the contribution of the fish farmers and
the commitment towards sustainable aquaculture.
• 10th July 2023 marks the observance of 23rd National Fish Farmers Day(NFFD).
Significance:
i.10th July also marks the observance of the National Fisheries Development Board (NFDB) Foundation
Day. 10th July 2023 marks the observance of the 17th NFDB Foundation day.
ii.NFDB was established in 2006 as an autonomous organization under the Department of Fisheries, Ministry of
Fisheries, Animal Husbandry & Dairying (MoFAH&D).
Background:
i.In 2001, the government of India declared every year 10th July will be celebrated as National Fish Farmers
Day.
ii.The first Fish Farmers Day was observed in 2001 by the Indian Council of Agriculture Research (ICAR)-
Central Institute of Fisheries Education (CIFE), a premier institute of Fisheries Education in India based in
Mumbai, Maharashtra.
Why July 10?
The day honours and commemorates the contribution of Professor Dr Hiralal Chaudhury and his colleague Dr
K. H. Alikunhi, in the Indian fisheries sector for the successful contribution in demonstrating Hypophysation
(technology of induced breeding) in Indian Major Carps (common name for several species of fish) on 10th
July 1957 at the former CIFRI Pond Culture Division in Angul, Odisha.
• This demonstration eventually lead to a revolution in Inland Aquaculture.
Efforts of the Indian government to develop the Fisheries Sector:
i.Since 2015, the Government of India (GoI) has announced a cumulative investment of Rs 38,572 crore.
ii.Integrated Development and Management of Fisheries, under the Blue Revolution Scheme, played a major
role in the development of the fisheries sector.

• The initiative was launched in 2015 with an investment of Rs 3000 core.
iii.During the 2018 budget, Finance Minister, Nirmala Sitharaman, announced the establishment of the
Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a corpus of Rs. 7522.48 Crore for the
fisheries sector.
• This supported the development of infrastructure in the fisheries and Aquaculture sector as a whole,
both in the marine and inland fisheries to augment fish production.
iv.In 2020, Prime Minister(PM) Narendra Modi launched Pradhan Mantri Matsya Sampada Yojana (PMMSY) to
bring Blue Revolution through sustainable and responsible development of the fisheries sector in India
• The scheme was envisioned with an overall investment of Rs. 20,050 crore over a period of 5 years.
• During Union Budget 2023–24, Finance Minister announced the Sub-scheme under PMMSY with an
investment of Rs. 6,000 crores.
• The primary objective of PMMSY is to enhance fish production to an impressive 22 million metric
ton (MMT) by 2024–25.
v.In June 2023, Parshottam Rupala, Union Minister MoFAH&D released the “Report Fish Disease” Mobile App,
developed under PMMSY, for quick reporting of Fish Diseases and timely scientific advice to aqua farmers.
Celebration of NFFD 2023:
Summer Meet 2023 & Start-up Conclave:
i.Department of Fisheries, MoFAH&D, has organised ‘Summer Meet 2023’ and the ‘Start-up Conclave’ in
Mahabalipuram, Tamil Nadu on 10th – 11th July 2023.
ii.The ‘Summer Meet 2023’ and the ‘Start-up Conclave’ served as a platform to highlight the noteworthy
accomplishments of the Indian fisheries sector and foster innovation and entrepreneurship in the industry.
iii.These events united fish farmers, researchers, industry experts, entrepreneurs, and policymakers to
exchange knowledge, share experiences, and explore the prospects for the sustainable development of
fisheries.
iv.The conclave offered a platform for entrepreneurs to showcase their innovative ideas, products, and
technologies in fisheries and aquaculture.
Fisheries Startup Grand Challenge:
i.The Department of Fisheries launched the “Fisheries Startup Grand Challenge” in partnership with
the Startup India hub and the Department for Promotion of Industry and Internal Trade (DPIIT) under the
Ministry of Commerce & Industry.
• The challenge aims to identify, reward and recognize startups creating exceptional impact in the
fisheries ecosystem.
• On the occasion of National Fish Farmer’s Day 2023 (10th July 2023), the shortlisted startups will be
felicitated by Parshottam Rupala, Union Minister of MoFAH&D at the event organised at
Mahabalipuram, Tamil Nadu.
• under the Pradhan Mantri Matsya Sampada Yojana, the selected startups will receive a cash grant of
Rs 2 lakh to support building their innovations.
ii.The event at Mahabalipuram will feature an exhibition of 30 exceptional startups from across India,
showcasing their best fisheries innovation.
About Ministry of Fisheries, Animal Husbandry and Dairying(MoFAH&D):
Union Minister– Parshottam Rupala (Rajya- Sabha Gujarat)
Minister of State– Dr Sanjeev Kumar Balyan; Dr L. Murugan
World Population Day 2023 – July 11

The United Nations (UN)’s World Population Day is annually observed across the globe on 11th July to focus
attention on the urgency and importance of population issues and to enhance awareness of population issues,
including their relations to the environment and development.
The 2023 theme of World Population Day is “Unleashing the power of gender equality: Uplifting the
voices of women and girls to unlock our world’s infinite possibilities“.

Background:
i. In 1989, the then-Governing Council of the United Nations Development Programme (UNDP) established
World Population Day, an outgrowth of the interest generated by the “Day of 5 Billion“, which was observed
on 11 July 1987.
ii. In December 1990, the United Nations General Assembly (UNGA) adopted the
resolution A/RES/45/216 and decided to continue observing “World Population Day“.
iii. World Population Day was first observed on 11th July 1990 across the globe in more than 90 countries.
About Global Population:
According to the future population projection by the UN, 7 billion mark was one of the noted milestone
observations and it’s expected to grow to around 8.5 billion in 2030, 9.7 billion in 2050, and 10.9 billion in
2100.
Population, a Global Issue:
i. The dramatic growth of the world’s population has been driven largely by increasing numbers of people
surviving to reproductive age, and has been accompanied by major changes in fertility rates, increasing
urbanization and accelerating migration.
ii. The UN’s system has been involved in addressing these complex and interrelated issues, through the work of
the UN Population Fund (UNFPA) and the UN Population Division of the Department of Economic and Social
Affairs.
Significance:
i. The 2023 theme highlights the unique opportunity for advocacy of causes like gender equality, women’s
empowerment and their role in the shaping of a better world.
ii. Women and Girls make up 49.7% of the global population, so advancing gender equality is a must to create a
more just, resilient and sustainable world.
iii. The creativity, ingenuity, resources and power of women and girls are fundamental to addressing
demographic and other challenges that threaten our future, including climate change and conflict.
iv. The UNFPA’s 2023 State of World Populationreport illustrates that, on 15th November 2022, the world’s
population surpassed 8 billion people.
v. The report also showed ways to combat population alarmism and safeguard reproductive rights and choices
for our Future.
Highlights:
As per the UNFPA report:
i. More than 40% of women around the world cannot make decisions on sexual and reproductive health and
reproductive rights.
ii. A woman dies every 2 minutes due to pregnancy or childbirth.
iii. As few as 1 in 4 women across low- and middle income countries (LMIC) are realizing their desired fertility.
iv. More than two thirds of the 800 million people globally who cannot read are women.
About United Nations Population Fund (UNFPA):
UNFPA is the United Nations sexual and reproductive health agency and it aims to deliver a world where every
pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled.
Started Operations- 1969
Executive Director- Dr. Natalia Kanem
Headquarters- New York, the United States of America (USA)
Motto: “Ensuring rights and choices for all”
International Malala Day 2023 – July 12

Malala Day is an international observance annually celebrated on 12th July to honour
the birthday of Malala Yousafzai, a Pakistani education activist and Nobel Prize laureate.
• The day is also marked to honour Malala, who is known for her advocacy of girls’ education. It also
signifies the free, quality and compulsory education for every child across the world.

Background:
i. On July 12, 2013, Malala on her 16th birthday gave an impactful address at the United Nations (UN) in New
York.
• She primarily focussed on the need for worldwide quality education to the women and appealed
world leaders in this regard to bring changes to their policies.
ii. The UN declared her birthday as “Malala Day” and has been observed internationally for the first time on
12th July 2013.
iii. On 12 July 2013, the UN celebrated Malala Day, an event in support of UN’s Secretary-General’s Global
Education First Initiative (GEFI), which brought together hundreds of young leaders to call on world leaders to
ensure free and compulsory education for every child around the world.
Note: GEFI, a 5 year global initiative to mobilise efforts and action for education and rally a global movement to
achieve quality, relevant and inclusive education for all by 2015.
About Malala Yousafzai:
i. She was born on July 12, 1997, in Mingora, Pakistan. In 2008, she started advocating for women’s education
in Pakistan.
ii. In 2012, she was brutally attacked by the Taliban, who restricted female education. Then she became an
international symbol of the fight for girls’ education.
iii. In 2013, TIME magazine named Malala one of “The 100 Most Influential People in the World.”
iv. In 2013, Malala and her fatherZiauddin Yousafzai co-founded the Malala Fund to bring awareness to the
social and economic impact of girls’ education and to empower girls to demand change.
v. The UN Secretary-General AntónioGuterres designated Malala as a UN’s Messenger of Peace in 2017 to help
raise awareness of the importance of girl’s education.
Books:
Malala has written several books, including “I Am Malala: The Girl Who Stood Up Education and was shot by the
Taliban”, an autobiography of Malala Yousafzai, co-authored with Christina Lamb, published in 2013; Malala
Speaks Out (2023).
Nobel Prize:
i. In October 2014, Malala was named a Nobel Peace Prize winner at the age of 17, she became the youngest
person to receive this prize.
ii. She is the first Pashtun and the second Pakistani to receive the Nobel Prize, while the first was Abdus Salam,
Pakistani physicist who won the Nobel Prize in physics in 1979
Other Awards/Honours:
i. In 2012, the Pakistani government awarded Malala, the National Peace Award, subsequently renamed the
National Malala Peace Prize for those under 18 years old.
ii. On October 10, 2013, the European Parliament awarded Malala the prestigious Sakharov Prize for Freedom
of Thought for acknowledging her work.
iii. In April 2023, she became the first Pakistani to receive the honour of Oxford Pakistan Programme (OPP),
which promotes numerous Pakistan-related events at Oxford University, England, United Kingdom.
2023 Event in the UN:
i. On the occasion of International Malala day, an event was organised by the UN on 12th July 2023 to address a
decade of work for girls’ education in Nigeria.
ii. Amina J. Mohammed, UN Deputy Secretary-General and Malala Yousafzai, Nobel Peace Prize Laureate and UN
Messenger of Peace were joined together to discuss the importance of advancing and transforming girls’
education.
World Youth Skills Day 2023 – July 15

The United Nations(UN)’s World Youth Skills Day is annually observed across the globe on 15th July to
celebrate the strategic importance of equipping young people with skills for employment, decent work and
entrepreneurship.

The theme of World Youth Skills Day 2023 observed on 15th July 2023 is “Skilling teachers, trainers and
youth for a transformative future”.
• The 2023 theme highlights the importance of teachers, trainers and other educators’ role in
providing skills for youth to transition to the labour market and to actively engage in their
communities and societies.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/169/145 in December 2014 and
proclaimed the July 15 of every year as the World Youth Skills Day.
• The resolution was initiated by Sri Lanka and supported by G77 (Group of 77) and China.
ii.The first ever World Youth Skills Day was observed on 15th July 2015.
Significance:
The day offers an opportunity for discussion between young people, technical and vocational education and
training (TVET) institutions, firms, employers’ and workers’ organizations, policymakers and development
partners.
Importance of TVET:
i.Education and training play a major role in the achievement of the 2030 Agenda for Sustainable Development.
ii.Education 2030 Incheon Declaration constitutes the commitment of the education community to Sustainable
Development Goal (SDG) 4 “Ensure inclusive and equitable quality education and promote lifelong learning
opportunities for all”
iii.Education 2030 devotes considerable attention to technical and vocational skills development, specifically
regarding access to affordable quality TVET.
iv.TVET can equip youth with the skills that are required to access work, including skills for self-employment.
• It can also reduce access barriers to the world of work, for example through work-based learning,
and ensuring that skills gained are recognised and certified.
2023 Event:
High Level Panel:
As a part of the World Youth Skills Day 2023, the Permanent Missions of Portugal and Sri Lanka to the United
Nations, in collaboration with UNESCO, ILO, and the Office of the Secretary-General’s Envoy on Youth,
organised a High Level Panel event at UN headquarters at New York, the United States of America(USA).
• The event aims to engage the member states, young experts, social partners, teachers, educators,
and other stakeholders in a discussion about enhancing the skills of teachers, trainers, and youth to
pave the way for a transformative future.
YouthLead Innovation Spotlight:
YouthLead Innovation Spotlight hosted on 14th July 2023, ahead of the World Youth Skills Day, to convene a
dialogue on the importance of multistakeholder collaboration to enable future-proof skills for youth through
trainers’ and teachers’ empowerment.
Hybrid event organised by UNESCO-UNEVOC:
United Nations Educational, Scientific and Cultural Organization (UNESCO) -UNEVOC and WorldSkills
International jointly organised a hybrid event to showcase the positive impact of youth skills development on
societies and economies.
About The UNESCO – UNEVOC :
The UNESCO – UNEVOC International Centre for TVET is one of 8 UNESCO institutes and centres working in the
field of education.
The acronym UNEVOC is a combination of ‘UNESCO’ and ‘vocational education’.
Head of UNESCO-UNEVOC– Friedrich Huebler
Headquarters– Bonn, Germany

Day of International Criminal Justice 2023 – July 17
Day of International Criminal Justice is annually observed across the globe by International Criminal Court
(ICC) on 17th July to commemorate the anniversary of the adoption of the Rome Statute(1998), the founding
treaty of the ICC.
• The day also recognise the efforts taken by the organisations working towards bringing justice to
international criminal acts like crimes against humanity, genocide, war crimes and crimes of
aggression.
• The observance is also known as World Day for International Justice or International Justice Day.
17th July 2023 marked the 25th anniversary of the adoption of the Rome Statue.
Background:
i. On 17th July 1998, the treaty of the Rome Statute of the ICC was signed and adopted by 120 nations.
ii. The Rome statue laid the foundation for the establishment of the ICC on 1st July 2002 (the date the Court
became operational).
iii. The date of 17 July was adopted as the Day of International Criminal Justice by the Assembly of the States
Parties during the Review Conference of the Rome Statute held in Kampala (Uganda) in June 2010.
iv. The first-ever Day of International Criminal Justice was observed on 17th July 2011.
Events of 2023:
i. On 27th March 2023, to mark the 25th anniversary of the adoption ofthe Rome Statue that founded the ICC,
the British Embassy in Rome, Italy in collaboration with the Italian Ministry of Justice and the Netherlands
Embassy in Rome, Italy organised a celebratory event.
The event highlighted the importance of the Statue and the role of the ICC in promoting justice and
accountability across the world.
ii. The Assembly of States Parties (ASP) to the Rome Statue is hosting the exhibition “Common bonds: From the
Rome Conference to today” at the Hague City Hall, The Hague in Netherlands from 11 – 31 July 2023 to address
some of the world’s worst crimes,from across the globe the ICC hears thousands of stories from conflict
survivors.
• This exhibition is hosted by the ASP and was produced by the ICC. The ICC collaborated with the
Trust Fund for Victims to capture and share the photographs from the Democratic Republic of the
Congo about ICC reparations and other Trust Fund for Victims programmes.
iii. Events will come to an end in the annual meeting of the ASP to be held in New York, the USA from 4 to 14
December 2023.
Note: The ASP is the ICC’s management oversight and legislative body and is composed of representatives of
the States which have ratified or acceded to the Rome Statute.
About International Criminal Court (ICC):
It is the world’s first permanent international criminal court and is also a court of last resort to investigate,
prosecute thee most heinous offences in cases, where national courts fail to act.
ICC is also different from the International Court of Justice (ICJ), which is the principal judicial organ of the
United Nations for the settlement of disputes between States.
President– Piotr Hofmański
Headquarters– The Hague, the Netherlands
Nelson Mandela International Day 2023 – July 18

The United Nations (UN)’s Nelson Mandela International Day is annually celebrated across the world
on 18th July to recognise Nelson Mandela’s values, including his commitment towards social justice, peace,
reconciliation, and promotion and protection of human rights.
• This day also marks the birth anniversary (July 18, 1918) of Nelson Rolihlahla Mandela, who played
an eminent role in creating non-racial constitution, non-sexist and democratic of South Africa.
• The day is also called as Mandela Day.
• The 2023 Mandela Day marks the 105th birth anniversary of Nelson Mandela.

The 2023 theme for Nelson Mandela International Day is “Climate, Food & Solidarity”.
Background:
i. On November 2009, the United Nations General Assembly (UNGA) passed a resolution A/RES/64/13 and
declared 18th July of every year (his birthday) as “Nelson Mandela International Day“.
ii. The resolution acknowledges Nelson Mandela’s contribution to the struggle for democracy internationally
and the promotion of a culture of peace throughout the world.
iii. The first UN’s Nelson Mandela International Day was observed on 18th July 2010.
Nelson Mandela Prize:
i. On 6th June 2014, the UNGA adopted the resolution A/RES/68/275 and established UN’s Nelson Rolihlahla
Mandela Prize (Nelson Mandela Prize), an honorary award.
ii. The Prize will be presented as a tribute, to recognize the achievements of those who dedicated their lives to
the service of humanity as guided by the purposes and principles of the UN.
iii. The prize was awarded for the first time in 2015 and in 2020 for the second time.
Nelson Mandela Rules:
i. The UNGA’s resolution A/RES/70/175 adopted the revised UN’s Standard Minimum Rules for the Treatment
of Prisoners.
ii. It also approved that these rules should be known as the “Nelson Mandela Rules” in honour of the legacy of
Nelson Mandela.
iii. The goal is also to promote humane conditions of imprisonment; to raise awareness about prisoners being a
continuous part of society; to value the work of prison staff as a social service of particular importance.
Nelson Mandela Decade of Peace (2019 – 2028):
On 24th September 2018, UNGA adopted the resolution (A/RES/73/1) at UN’s Headquarters in New York, the
United States of America (USA) for the Nelson Mandela Peace Summit and recognised the period from 2019 to
2028 as the Nelson Mandela Decade of Peace.
About Nelson Mandela:
i. Nelson Rolihlahla Mandela was born in Mvezo, South Africa on July 18, 1918 was a prominent anti-apartheid
activist.
ii. He served as South Africa’s first black president from 1994 to 1999.
iii. He was inaugurated as South Africa’s first democratically elected President on May 1994 and passed away
on December 5, 2013.
Awards:
i. On December 1993, he jointly received the Nobel Peace Prize with Frederik Willem de Klerk for their
significant contribution to peaceful elimination of apartheid in South Africa.
ii. In 1990, Government of India awarded Nelson Mandela its highest civilian award, the Bharat Ratna in his
honour and to recognize his contribution towards eliminating racial discrimination worldwide.
• Over the last 40 years Nelson Mandela has received more than 250 awards.
Books:
Long Walk To Freedom, the Autobiography of Nelson Mandela; The Prison Letters of Nelson Mandela; No Easy
Walk to Freedom.
Events of 2023:
i. On the occasion of Nelson Mandel International Day, a virtual public service activity was organised by the UN
to limit global warming and take care of our planet on 18th July 2023.
• It was a campaign activity based on the Nelson Mandela’s quote “We must never forget that it is our
duty to protect this environment”, initiated via the UN campaign app ‘ACTNOW’ for Living
Sustainably in the Modern World.
ii. The UNGA has organised an informal plenary meeting to mark Nelson Mandela International Day on 20th
July 2023, in New York, the USA, and the meeting will be addressed by CsabaKőrösi, President of the UNGA;
AntónioGuterres, UN Secretary-General; Andrew Young, Politician, activist, and Former Permanent
Representative of the USA to the UN.

World Snake Day 2023 – July 16
World Snake day is celebrated annually across the world on 16th July to raise awareness of the snakes in the
world and also to recognise the importance of snakes and snakes disbelieves in our ecosystem.
• On 16th July 2023, World Snake Day was celebrated at the National Zoological Park (Zoo) in New
Delhi, Delhi for the conservation of snakes by creating awareness about different types of snakes in
India.
• On the occasion of the World Snake Day 2023, an enrichment activity was conducted by snake
keeping staff by providing cage furniture in the reptile house. Plantation was also conducted inside
the snake houses.
• Interaction with about 350 visitors and small children was conducted about snakes and healthy
lifestyle following the Mission LiFE (lifestyle for the environment) at the reptile house.
• Reptile house walk was conducted and visitors interacted with the snake keepers. Literature on
reptiles was also distributed among visitors.
Note: Currently there are 31 number of snakes of 07 species present in the National Zoological Park, Delhi.
International Chess Day 2023 – July 20

The United Nations (UN)’s International Chess Day or World Chess Day is annually observed on 20th
July across the globe to mark the significant role of Chess as an affordable and inclusive activity and also to
improve overall Intelligence quotient (IQ) across the world.
20th July 2023 also marks the observance of the 99th Anniversary of the International Chess Federation,
or Fédération Internationale des Échecs (FIDE), established in 1924.
Background:
i.The idea to designate a specific day to celebrate chess internationally was first proposed by UNESCO (the
United Nations Educational, Scientific and Cultural Organization). In 1966, FIDE, the international governing
body for chess, officially established International Chess Day in response to UNESCO’s proposal. Since then, July
20th has been celebrated annually as a tribute to the captivating world of chess.
ii. On 12th December 2019, the United Nations General Assembly (UNGA) adopted the resolution A/RES/74/22
and proclaimed the 20th July of every year as World Chess Day.
iii. The first-ever UN recognised World Chess Day was observed on 20th July 2020.
iv.FIDE was recognised by the International Olympic Committee in 1999.
Why July 20?
i. 20th July mark the date of the establishment of the International Chess Federation (FIDE) in Paris (France) in
1924.
ii. FIDE was founded during the 8th summer Olympic Games in Paris, France,
iii. The International Chess Day began on the same day (20th July 1966) as the founding of the FIDE.
About Chess:
i. Chess is a two player strategy board game and has 64 squares organised in an 8×8 grid. The board is
chequered with dark and light squares and is divided into ranks (rows) and files (columns).
ii. Each player starts the game with 16 pieces (8 Pawn, 2 Knights, 2 Bishops, 2 Rooks, 1 Queen and 1 King)
History of Chess:
i. According to the UN, one of the theories states that an early game similar to the present day chess
called Chaturanga originated in the Northern Indian Subcontinent during the Gupta period (~ 319 – 543
Common Era (CE)) and spread along the Silk Roads west to Persia.
ii. Chaturanga was later introduced as Shatranj in Sassanid Persia around 600 CE.
iii. The Alfonso manuscripts, also known as the Libro de los Juegos (Book of Games), a mediaeval collection of
texts on 3 different types of popular game from the 13th century CE describe the game of Chess as very similar
to Persian Shatranj in rules and gameplay.
World Chess Champions:
• Grand Master (GM) Ding Liren from China is the world Chess champion (As of May 2023)

• GM Ju Wenjun from China is the Women’s world champion
Key Points:
i. Chess became part of the Olympic Esports Series in 2023.
ii. The first Chess Olympiad for People with Disabilities took place in January-February 2023 in Belgrade,
Serbia.
About International Chess Federation (Fédération Internationale des Échecs (FIDE)):
President– Arkady Dvorkovich (Russia)
Headquarters– Lausanne, Switzerland
Motto– “Gens una sumus” (Latin) (“We are one family”)
International Moon Day -20th July 2023

United Nations(UN) designated International Moon Day (IMD) which is annually celebrated across the globe
on July 20th to mark the anniversary of the first landing by humans on the Moon as part of the Apollo 11
lunar mission.
• The day aims to raise public awareness about sustainable Moon exploration and utilisation.
• The first IMD was celebrated on 20th July 2022.
Theme for IMD 2023:
i.IMD 2023 is celebrated on 20th July 2023 and it marks the 54th anniversary of the Apollo 11 lunar mission.
ii.The day will be celebrated with the theme “Lunar Exploration Coordination & Sustainability.”
iii.The theme emphasizes educating the public on the importance of conducting sustainable lunar exploration.
Note: Astronauts Neil Armstrong and Edwin ‘Buzz’ Aldrin were the first humans to set foot on the moon which
they then named Tranquility Base, on July 20 1969, during the Apollo 11 mission. During this mission, Michael
Collins orbited the Moon in the command module.
Background:
i.The Moon Village Association (MVA) submitted an application to the UN Office for Outer Space Affairs
(UNOOSA) during the UN-Committee on the Peaceful Uses of Outer Space (COPUOS) 64th Session, for the
proclamation of the International Moon Day on July 20, the anniversary of the 1969 first human landing, from
the United States of America(USA), with the Apollo 11 mission.
ii.The proclamation has been approved on December 9 2021, by the United Nations General Assembly (UNGA)
in Resolution A/RES/76/76, building upon the recommendation of the Committee on the Peaceful Uses of
Outer Space.
Moon Village Association:
i.The Moon Village Association is a Vienna, Austria-based non-governmental organization(NGO) that was
founded in 2017 and serves as a permanent, informal global forum for governments, academia, industry, and
the general public who are interested in the development of the Moon Village.
ii.The Moon Village is a concept that aims to transform international cooperation in space exploration and new
methods for exploring the Moon.
The Apollo 11 mission:
i.The Apollo 11 mission was a historic space flight by National Aeronautics and Space Administration(NASA)
that achieved the first manned landing on the Moon.
ii.It was launched on July 16, 1969, carrying astronauts Neil Armstrong, Edwin ‘Buzz’ Aldrin, and Michael
Collins.
iii.On July 20, 1969, Armstrong and Aldrin landed on the lunar surface in the lunar module “Eagle”.
iv.Armstrong became the first man to set foot on the moon with the famous quote: “One small step for man,
one giant leap for mankind.”
v.They spent about 2.5 hours conducting experiments and collecting samples.
vi.Command module Columbia is the only spacecraft of the 1969 Apollo 11 mission that returned to Earth.
vii.The successful return of Apollo 11 to Earth on 24th July 1969, marked a major milestone in space
exploration and an important achievement for mankind.

About the United Nations Office for Outer Space Affairs (UNOOSA):
i.UNOOSA works to promote international cooperation in the peaceful use and exploration of space, and in the
utilisation of space science and technology for sustainable economic and social development.
ii.It serves as the secretariat for the UN COPUOS.
Director- Aarti Holla-Maini
Headquarters- Vienna, Austria
Established- 1958
National Flag Adoption Day 2023 – July 22

National Flag Adoption Day is annually observed across India on 22nd July to commemorate the day on
which the Constituent Assembly adopted the tricolour flag, in its present form, as the national flag of India in
1947.
The History of the Indian National Flag:
i.Before India’s independence from the British on 15 August 1947, The meeting of the Constituent Assembly
held on 22 July 1947 adopted the National Flag of India.
ii.The flag served as the national flag of the Dominion of India between 15 August 1947 and 26 January 1950
and that of the Republic of India thereafter.
Features of India’s tri-colour flag:
i.The National flag of India is a horizontal tricolour of deep saffron (kesari) at the top, white in the middle and
dark green at the bottom in equal proportion.
• The National Flag was first designed in 1923 by Pingali Venkayya. The initial flag design by
Venkayya had only two colours – red and green. He later added a running wheel to symbolise the
progress of the Nation.
ii.In the centre of the white band is a navy blue wheel which represents the chakra.
iii.The chakra is designed after the wheel which is featured on the abacus of the Sarnath Lion Capital of Ashoka.
iv.The diameter of the chakra approximates the width of the white band and it has 24 spokes.
Representations:
Saffron colour indicates the strength and courage of India
White indicates peace and Dharma Chakra represents truth.
Green represents fertility, growth and auspiciousness of the land.
Nickname:
In India, the term “Tricolour” or “Tiranga” refers to the Indian national flag.
Ratio:
The ratio of the width of the flag to its length is 2:3.
Flag Code:
i.After 55 years of Independence, on 26th January 2002, the flag code of India was modified and allowed the
citizens of India to hoist the Indian flag over their homes, offices and factories on any day and not just National
days as was the case earlier.
ii.Flag Code of India, 2002, was divided into 3 parts
• Part I of the Code contains a general description of the National Flag.
• Part II of the Code is devoted to the display of the National Flag by members of public, private
organizations, educational institutions, etc.
• Part III of the Code relates to the display of the National Flag by Central and State governments and
their organisations and agencies.
Note:
According to the Prevention of Insults to National Honour Act, 1971 whoever destroys or disrespects or into
contempt the Indian National Flag or the Constitution of India or any part thereof, shall be punished with
imprisonment for a term which may extend to 3 years, or with fine, or with both.

Pi Approximation Day 2023 – July 22
The Pi Approximation Day is annually observed on 22nd July across the globe to honour the importance of
the concept of Pi in calculations, which is represented using the Greek letter ‘π’.
Why 22nd July?
i.When the date 22nd July is written in the day/month format (22/7), it looks like the fraction 22/7.
ii.The value of 22/7 approximation to 2 decimal place is 3.14.
Note: Pi Approximation Day was first celebrated in the Chalmers University of Technology, Gothenburg,
Sweden.
Significance of Pi:
i.The ratio of the circumference (C) of a circle to its diameter (D) is a constant number denoted by π and is
independent of the size of the circle.
ii.π is an irrational number and cannot be expressed as a common fraction.
iii.Archimedes, a mathematician in ancient Greece was one of the first persons to suggest a rational
approximation of 22/7 for π, it is sometimes referred to as Archimedes’ constant
iv.The Greek letter π was first used by mathematicians in the 1700s and was introduced by William Jones, a
mathematician from Wales, the United Kingdom (UK) in 1706.
v.The use of the symbol π was popularized by Leonhard Euler, a mathematician from Switzerland, who adopted
it in 1737.
Note: Pi was derived from the first letter of the Greek word ‘perimetros,’ meaning circumference.
Related Observance:
Pi Approximation Day, besides being celebrated on July 22, is also celebrated on November 10, as it is the 314th
day of the year (November 9 in leap years).
Pi Day:
i.Pi Day is annually observed across the globe on 14th March to celebrate the never ending number, which
denotes the Pi value when written in the month.date (American calendar system) format (3.14).
ii.Larry Shaw, a staff physicist at the Exploratorium linked March 14 (3.14) with the digits of pi (3.14159…),
and organised the first-ever known Pi Day was on 14th March 1988 at an Exploratorium in San Francisco, the
United States of America (USA).
Note:
14th March also marks the birth Anniversary of Albert Einstein, a physicist from Germany.
14th March also marks the death anniversary (March 14, 2018) of Stephen Hawking, a theoretical physicist,
cosmologist from England, the UK.
World Brain Day 2023- July 22

World Brain Day, is celebrated annually across the globe on July 22, to raise awareness about brain health and
neurological disorders.2023 marks the 10th Anniversary of World Brain Day, hosted annually on July 22 by the
World Federation of Neurology (WFN).
• The theme for World Brain Day 2023 is “Brain Health and Disability: Leave No One Behind.”
• WFN has collaborated with the World Federation for Neurorehabilitation(WFNR) to enhance the
impact of the 2023 World Brain Day initiative.
• World Brain Day 2023 will be celebrated on July 22 and it was first observed on 22nd July 2014.
History of World Brain Day:
i.22nd July was chosen as “World Brain Day” to honor the foundation of the World Federation of Neurology
(WFN) in 1957 in Belgium and also the crafting of WFN’s 1st constitution.
• WFN represents over 145 national neurological societies.
ii.The Public Awareness and Advocacy Committee proposed designating the 22nd of July 2014 as “World Brain
Day” during the World Congress of Neurology (WCN) Council of Delegates meeting on the 22nd of September
2013.
iii.The approval to celebrate it into a annual event was given by the Board of Trustees of the Public Awareness

and Advocacy Committee in February 2014.
World Brain Day is framed by five key aims:
i.Prevention: Brain disabilities can be prevented, treated and rehabilitated.
ii.Awareness: Global brain health awareness can reduce the disability associated with brain disorders.
iii.Access: Universal access to care, treatment, rehabilitation and assistive technology is essential.
iv.Education: Education increases equity for those living with brain disabilities.
v.Advocacy: Brain health is a human right that applies to everyone, everywhere.
National Mango Day 2023- July 22

National Mango Day is celebrated annually on July 22 which is dedicated to the nutritious tropical fruit, mango
to celebrate its cultural importance, popularity, and versatility in culinary delights.
• It was started by the National Horticulture Board of India in 1987 as the International Mango
Festival to pay tribute to mango.
Key points:
i.The name “mango” originates from the Malayan word “manna,” and the fruit’s seeds have travelled from Asia
to various parts of the world, establishing a global presence.
ii.Mangoes share their family, Anacardiaceae, with cashews and pistachios.
National Broadcasting Day 2023 – July 23

National Broadcasting Day is annually celebrated on 23rd July in India to commemorate the establishment
of the Indian Broadcasting Company (IBC), a Bombay (now Mumbai, Maharashtra) based private radio station,
which came into existence on 23rd July 1927.
• The year 2023 marks the 96th Anniversary of the establishment of the All India Radio (AIR),
which was formerly known as IBC.
• In June 1923, the Radio Club of Bombay made the first-ever broadcast in India.
This day also aims to celebrate the radio, which served as the only broadcasting medium before Television for
both News and Entertainment.
Background:
i.Radio broadcasting began in India under British rule in 1922 with programmes by the Bombay Presidency
Radio Club.
ii.The journey of the AIR started on 23rd July 1927 as a private company called the Indian Broadcasting
Company Ltd (IBC) and this is the reason for celebrating the National Broadcasting Day on 23rd July.
iii.IBC went into liquidation on 1930 following which, the British government in India took over the
broadcasting facilities and established the Indian State Broadcasting Service (ISBS).
iv.In April 1930, the ISBS, under the Department of Industries and Labour (now called the Ministry of
Information and Broadcasting), began its operations on an experimental basis. On June 8, 1936, the ISBS
became All India Radio (AIR).
v.At the time of independence from the British Raj, there were 6 radio stations in India, at Delhi, Bombay,
Calcutta (Now Kolkata, West Bengal), Madras (now Chennai, Tamil Nadu), Tiruchirapalli (Tamil Nadu) and
Lucknow (Uttar Pradesh).
• There were 3 in Pakistan (Peshawar, Lahore and Dacca).
• FM (Frequency modulation) Broadcasting began in Chennai on 23 July 1977.
About All India Radio (AIR):
i.AIR, one of the largest broadcasting organisations in the world in terms of the number of languages of
broadcast, the spectrum of socio-economic and cultural diversity it serves.
ii.All India Radio (AIR), formerly known as ‘Akashvani‘ (meaning Voice from the Sky in Sanskrit) since 1957, is
India’s largest national public radio broadcaster and a division of Prasar Bharati.
iii.It is the sister service of Doordarshan, an Indian television broadcaster owned by Prasar Bharati.

iv.Rabindranath Tagore renamed the Indian State Broadcasting Service (ISBS) All India Radio in a poem written
for the inauguration of Calcutta’s shortwave service as Akashvani, the voice that comes over from the skies.
• The name ‘Akashvani‘ was derived from the poem by Rabindranath Tagore, which he wrote for the
inauguration of the Calcutta shortwave service in 1939.
v.The home service of Akashvani comprises 479 broadcasting stations across India and broadcasts in 23
languages and 179 dialects, covering nearly 92% of India’s area and 99.2% of its population.
vi.The motto of AIR is ‘Bahujan Hitaya : Bahujan Sukhaya’ (meaning ‘for the happiness and welfare of all in
Sanskrit) has been serving to inform, educate and entertain the people since its inception.
About Prasar Bharati:
It is a statutory autonomous body established under the Prasar Bharati (Broadcasting Corporation of India)
Act, 1990 and came into existence on 23rd November, 1997
CEO– Gaurav Dwivedi
Income Tax Day 2023- July 24

Income Tax Day or ‘Aaykar Diwas’ is observed annually in India on 24th July
to commemorate the introduction of the provision of Income Tax (IT) in India in the year 1860.
• The day aims to raise awareness about the significance of taxation and to motivate individuals to
contribute to the nation’s development through tax payments.
• 24th July 2023, marks 164th anniversary of IT Day.
Union Finance Minister Nirmala Sitharaman presided over the 164th IT Day celebrations in the presence of
Union Minister of State for Finance Pankaj Chaudhary at Plenary Hall, Vigyan Bhawan in New Delhi, Delhi.
History of Income Tax Day:
i.The IT system was introduced on 24th July 1860, by the then Finance Minister of British India, Sir James
Wilson.
ii.The scheme was introduced to compensate for the losses incurred by the government during the revolt of
1857.
iii.In 1961, the IT Act-1961 was passed to clearly lay out the framework for the current income tax system in
India.
iv.In 2010, the government of India decided to observe the 1st IT Day on 24 July to commemorate
the 150th anniversary of the introduction income tax system in India.
i.In 2023, the IT department achieved 3-crore income tax returns (ITRs) milestone days ahead of the deadline
surpassing the 2022 target.
ii.As of July 18, 2023, over 3.06 crore ITRs were filed for income earned in the fiscal year 2022-23 and over
1.50 crore e-verified ITRs have been processed.
About Central Board of Direct Taxes (CBDT):
The CBDT is the apex body that heads the IT Department. The IT Department functions under the Department
of Revenue, Ministry of Finance.
Chairman- Nitin Gupta
Established- 1963
World In Vitro Fertilization (IVF) Day 2023 – July 25

World In Vitro Fertilization (IVF) Day is annually observed across the globe on 25th July to commemorate
the achievements and progress made in the field of infertility and reproductive endocrinology.
• The day 25th July marks the birth date of world’s first ‘Test-tube baby’, Louise Brown, the first
baby conceived via in vitro fertilization (IVF). Louise Brown was born on 25th July 1978 in in
Manchester, England, the United Kingdom (UK).

Significance:
i.This day is also recognised to celebrate the success and importance of IVF as an effective method of
conceiving.
ii.This day is also known as World Embryologist Day observed across the globe to commemorate the great
role and contribution of Embryologists in the IVF technology, one of the greatest innovations in the field of
reproductive Science.
Note: Robert Edwards (“Father of IVF”), a Scientist and a Nobel Prize (Physiology or Medicine 2010) winner for
the development of human IVF therapy and Patrick Steptoe, Gynaecologist surgeon from the UK are the
successful pioneers of IVF in the world.
About In Vitro Fertilization (IVF):
i.IVF is a type of Assisted Reproductive Technology (ART) where sperm and an egg are fertilized outside of the
human body.
ii.IVF is a complex process that involves retrieving eggs from ovaries and manually combining them with sperm
in a lab for fertilization.
iii.Several days after fertilization, the fertilized egg (now called an embryo) is placed inside a uterus. Pregnancy
occurs when this embryo implants itself into the uterine wall.
About Assisted reproductive technologies (ART):
i.ART refers to a range of techniques used to achieve pregnancy by handling sperm or egg cells outside the
human body and transferring embryos into the woman’s reproductive tract.
ii.Types of ART techniques include IVF, Intracytoplasmic sperm injection, Artificial insemination, Egg donation,
Ovarian stimulation and so on.
Regulations on ART:
i.The Assisted Reproductive Technology (Regulation) Bill, 2020 was introduced in Lok Sabha in September
2020 to protect and safeguard the reproductive rights of women.
ii.The Parliament on December 2021, passed the Assisted Reproductive Technology (Regulation) Act, 2021
aims at the regulation and supervision of ART clinics and banks, prevention of misuse, and safe and ethical
practice of ART services.
iii.On 7th June 2022, The Ministry of Health and Family Welfare published the Assisted Reproductive
Technology (Regulation) Rules, 2022 to regulate the functioning of ART clinics and banks.
iv.In 2023, The Ministry of Health and Family Welfare introduced the Assisted Reproductive Technology
Regulations (ART), 2023 aiming to improve medical care and security for donors and patients.
v.In order to regulate and supervise the ART clinics, the Indian Council of Medical Research (ICMR) and
National Academy of Medical Sciences (NAMS) have come out with National Guidelines for Accreditation,
Supervision and Regulation of ART Clinics in India.
First Indian Test Tube Baby:
i.The first Indian test tube baby, ‘Kanupriya Agarwal’ aka Durga who was born on October 3, 1978.
ii.Late Dr Subhash Mukhopadhyay was the first-ever physician in India and the second in the world to create a
baby through the IVF procedure.
World Drowning Prevention 2023-25th July

The United Nations (UN)’s World Drowning Prevention Day is annually observed across the globe on 25th July
to highlight the impacts of death by drowning on families and communities and to provide solutions to prevent
death by drowning.
• World Drowning Prevention Day 2023 theme is “Anyone can drown, no one should” and World
Health Organisation (WHO) is inviting technical partners to: Do One Thing, Improve One Thing or
Add One Thing to improve safety of people in and around water.
25th July 2023 marks the observance of the 3rd World Drowning Prevention Day.

History:
i.World Drowning Prevention Day was established by the U.N. General Assembly
Resolution’s A/RES/75/273 “Global drowning prevention” in April 2021, to spread the awareness on
drowning and devise various counteractions to restrain it.
ii.The first World Drowning Prevention Day was marked on 25 July 2021.
Data on Drowning:
i.An estimated 236 000 people die from drowning each year, constituting 7% of all injury-related deaths.
Globally, the highest drowning rates occur among children aged 1–4 years, followed by children aged 5–9 years.
ii.More than 90% of drowning deaths occur in rivers, lakes, wells, domestic water storage vessels and
swimming pools in low- and middle-income countries, with children and adolescents in rural areas
disproportionately affected.
Measures to Prevent from Drowning:
WHO also raises awareness on six evidence-based, low-cost drowning prevention interventions that countries
and organizations can use to drastically reduce the risk of drowning. These include:
i.Train bystanders in safe rescue and resuscitation
ii.Set and enforce safe boating, shipping and ferry regulations
iii.Improve flood risk management locally and internationally
iv.Install barriers controlling access to water
v.Provide safe places away from water for pre school children with capable child care
vi.Teach school age children basic swimming, water safety and safe rescue skills.
76th World Health Assembly adopts first ever resolution on drowning prevention
i.76th World Health Assembly adopted its first ever resolution “Accelerating action on global drowning
prevention” requesting governments and their partners, in collaboration with the World Health Organization
(WHO), to accelerate action on drowning prevention through 2029.
ii.The resolution was sponsored by the Governments of Bangladesh and Ireland and adopted by Member States.
About World Health Organisation (WHO):
Director General- Dr Tedros Adhanom Ghebreyesus
Founded- 1948
Kargil Vijay Diwas 2023- 26th July

Kargil Vijay Diwas or Kargil Victory Day is observed annually across India on 26th July to observe India’s
victory over Pakistan in the Kargil war 1999 and also pays tribute to the bravery and sacrifice of Indian soldiers
during the Kargil war.
• 26th July 2023, mark the 24th anniversary of Kargil Vijay Diwas.
The operation that took place during the war is known as Operation Vijay.
Background:
i.The war between India and Pakistan started after Pakistani troops intruded the Kargil district in Jammu and
Kashmir (now in Ladakh).
ii.The infiltration was a violation of the Shimla Agreement, signed in 1972 by India and Pakistan.
iii.The Indian army launched “Operation Vijay” after the first infiltration was reported on May 3, 1999.
iv.The armed conflict was fought for more than 60 days from May to July 1999.
v.On July 26, 1999, the Indian Army declared Operation Vijay a success after taking over all the strategic peaks
taken over by Pakistani infiltrators.
Operation Vijay:
i.The mission of Operation Vijay was to recapture the famous “Tiger Hill” and all the territories occupied by
Pakistani troops along the Line of Control (LoC).
ii.During the operations a total of 674 Indian soldiers made sacrifice and were awarded 4 Param Vir Chakra, 10
Maha Vir Chakra and 70 Vir Chakra among others for gallantry.

Note: Every year, on the Kargil Vijay Diwas, the Prime Minister of India pays tribute to the soldiers who lost
their lives in the Kargil war, at Amar Jawan at the India Gate, New Delhi, Delhi.
Events in 2023:
i.On 22nd July 2023, Indian Army undertook a Motorcycle Expedition from Kohima, Nagaland to Kargil, Ladakh
and paid homage to the soldiers during the ‘Battle of Mashkoh’ in Operation Vijay.
ii.To celebrate the Silver Jubilee of Kargil Vijay Diwas, a year-long programme has been planned by the Ministry
of Defence (MoD), that commenced from 26th July, 2023.
About Pakistan:
Prime minister- Muhammad Shehbaz Sharif
Capital- Islamabad
Currency- Pakistani rupee (PKR)
International Day for the Conservation of the Mangrove Ecosystems 2023 – July 26
The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s International Day for the
Conservation of the Mangrove Ecosystems is annually celebrated across the globe on 26th July to raise
awareness of the significance of mangrove ecosystems as “a unique, special and vulnerable ecosystem” and to
promote solutions for their sustainable management, conservation and uses.
• The day is also known as “The World Mangrove Day“.
• 26th July 2023 marks the observance of the 8th International Day for the Conservation of the
Mangrove Ecosystems.
Background:
i.On 6th November 2015, UNESCO at its 38th session of the General Conference adopted the resolution 38C/66
and officially declared 26th July of every year, in response to the request of Ecuador, as the International Day
for the Conservation of the Mangrove Ecosystem.
ii.The first-ever International Day for the Conservation of the Mangrove Ecosystem was observed on 26th July
2016.
iii.The date 26th July also marks the death anniversary of Greenpeace activist Hayhow Daniel Nanoto, who
passed away in 1998 during a massive protest to re-establish the mangrove wetlands in Muisne, Ecuador.
Significance:
i.Mangroves are rare, spectacular and prolific ecosystems on the boundary between land and sea in tropical
regions, rooted in saline water and soils exposed to the tides.
ii.They ensure food security for local communities. They provide biomass, forest products and sustain fisheries
and support rich biodiversity.
iii.It act as a form of natural coastal defence and help mitigate the effects of climate change and extreme
weather events such as Tsunamis, storm surges, erosion and so on.
Global Mangrove Alliance (GMA):
The GMA is an extraordinary collaboration that brings together Non-Government Organizations (NGOs),
governments, industry, local communities and funders towards a common goal of halting mangrove
degradation and increasing mangrove cover by 20% by 2030.
Note: According to GMA, so far an estimated 67% of mangroves have been lost or degraded, and an additional
1% is lost annually. Overall, mangroves are disappearing 3 to 5 times faster than global forest losses with
serious ecological and socio-economic impacts.
Mangroves and Sustainable Development Goals (SDGs):
All 17 Sustainable Development Goals (SDGs) are connected to Mangroves for the Future (MFF)’s Strategic
focus areas: coastal rehabilitation; livelihood support; and resilience-building and empowerment, with climate
change and gender as key cross-cutting issues.
Note: MFF, a partnership-based regional initiative co-chaired by IUCN (International Union for Conservation of
Nature) and United Nations Development Programme (UNDP) to encourage investment in coastal ecosystem
conservation for sustainable development.

Need for the conservation of Mangrove Ecosystem:
i.Although mangroves are found in 123 nations and territories, mangrove forests are globally rare. They
represent less than 1% of all tropical forests worldwide, and less than 0.4% of the total global forest estate.
• 1 hectare of Mangrove can store 3,754 tons of carbon (it is the equivalent of taking 2650+ cars off
the road for a year).
• UNESCO’s marine World Heritage sites host 9%of global mangrove carbon assets.
• A 500 meter mangrove strip reduce wave heights by 50 to 99%
• Carbon emissions from mangrove deforestation account for up to 10% of emissions from global
deforestation (despite covering 0.7% of land).
ii.It has been estimated that more than 3 quarters of mangroves in the world are now threatened and with all
the aquatic and terrestrial organisms that depend on them.
iii.UNESCO is engaged deeply in supporting the conservation of mangroves with the:
• inclusion of mangroves in Biosphere Reserves; World Heritage sites and UNESCO Global Geoparks;
also engaged at the scientific and policy levels to protect, manage or restore global blue carbon
ecosystems (mangroves, seagrasses and tidal/salt marshes) for addressing climate change.
About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Director-General– Ms Audrey Azoulay
Headquarters– Paris, France
Founded in– 16 November 1945
85th CRPF Raising Day – 27th July 2023

The Central Reserve Police Force (CRPF) Raising Day, also known as CRPF Foundation Day, is annually
celebrated on 27th July to commemorate the establishment of CRPF, the largest of India’s Central Armed Police
Forces, functions under the aegis of Ministry of Home Affairs (MHA) of the Government of India (GoI).
• The day recognises the valour courage and sacrifices of the soldiers of CRPF in the past 84 years,
which plays a key role in India’s growth by maintaining peace and preserving internal security and
national integrity of India.
27th July 2023 marks the observance of 85th Raising Day.
History:
i.CRPF is the premier central police force of the Union of India for internal security, originally constituted as the
Crown Representative Police on 27th July 1939.
ii.It is one of the oldest Central para military forces (now termed as Central Armed Police Force (CAPF)).
iii.The Madras Resolution of the All-India Congress Committee in 1936 sparked political disrupts and agitations
in the former royal States of India, which led to the raising of the CRPF.
iv.It became the Central Reserve Police Force (CRPF) on the enactment of the CRPF Act of Parliament on
December 28, 1949. This Act constituted CRPF as an armed force of the Union.
Zones of CRPF:
There are 4 zones namely Central Zone; Northeast Zone, Southern Zone and Jammu & Kashmir Zone.
Significance:
i.The CRPF has played an increasingly large role in India’s general elections besides law and order and counter-
insurgency duties.
ii.The CRPF has played a major role in the security arrangements during all the Parliamentary elections. Lately,
CRPF contingents are also being deployed in United Nation peacekeeping missions.
iii.One of the vital roles of the CRPF, which is not very evident, is guarding vital Central Government
installations such as Airport, Powerhouses, Bridges, Doordarshan Kendras, All India Radio Stations, residence
of Governors and Chief Ministers, Nationalised Banks and other Government establishments in insurgency
affected States.

Key Points:
i.The CAPF of India has grown into a big organization with 246 Battalions (Bns), including 208 executive Bns, 6
Mahila Bns, 15 Rapid Action Force (RAF) Bns, 10 Commando Battalion for Resolute Action (CoBRA) Bns, 5
Signal Bns and 1 Special Duty Group, 1 Parliament Duty Group (PDG).
ii.On 26th January 2023 on the occasion of Republic day, several medals were awarded to the police forces
across India, of the 901 total medals awarded, CRPF walked away with 111 medals (the maximum police
medals or 12% of the total 901 medals) across three categories – Police Medal for Gallantry (PMG), President’s
Police Medal (PPM) for Distinguished Service and Police Medal (PM) for Meritorious Service.
iii. CRPF is the largest CAPF having 01 Force Headquarters (Hqrs), 04 Zonal Hqrs, 21 Adm Sectors, 02 Ops
Sectors, 39 Adm Ranges, 17 Ops Ranges, 43 Group Centres, 22 Training Institutions.
Related observance:
CRPF Valour Day also called as Shaurya Diwas is annually observed on 9th April to commemorate the CRPF
personnel during the 1965 war against Pakistan Army.
About Central Reserve Police Force (CRPF):
Director-General– Sujoy Lal Thaosen
Established on– 27 July 1939
World Hepatitis Day 2023 – 28th July

The World Health Organization’s (WHO’s) World Hepatitis Day (WHD) is annually observed across the globe
on the 28th July to create awareness and educate people about the effect of viral hepatitis.
• The theme for WHD 2023- “One Life, One Liver” which creates awareness in the public by
emphasizing the need for prevention, early detection, and adherence to prescribed treatment.
• ‘We’re Not Waiting’ is the campaign theme for WHD 2023.
Hepatitis:
i.Hepatitis is an inflammation of the liver, often caused by viral infections.
ii.Five main strains of the hepatitis virus – A, B, C, D, and E – are responsible for the majority of cases but they
differ in important ways including modes of transmission, severity of the illness, geographical distribution and
prevention methods.
iii.Hepatitis B and C are the most common, accounting for over 90% of hepatitis-related deaths.
iv.Chronic hepatitis infections can lead to severe health issues, including cirrhosis, liver cancer, and liver
failure.
History of WHD:
World Hepatitis Day, initially observed on May 19, was later moved to July 28 in 2010.
i.World Hepatitis Alliance established in 2007 organized the first ever community-led WHD in 2008.
ii.The 63rd World Health Assembly in May 2010 in Geneva, Switzerland adopted various resolutions on a
variety of global health issues including the resolution WHA63.17 proclaiming the 28th July of every year as
WHD.
iii.The 1st WHOs, WHD was observed on 28th July 2011.
Why 28th July?
The date was chosen to honor the birth anniversary of Dr Baruch Samuel Blumberg a physician and
geneticist, who discovered the hepatitis B virus (HBV)in 1967 and developed the first hepatitis B vaccine, for
which he was awarded the Nobel Prize in Physiology or Medicine in1976.
WHO on Hepatitis:
i.According to WHO estimates, approximately 325 million people worldwide live with chronic hepatitis, and
over 1.3 million deaths occur annually due to hepatitis-related complications.
ii.WHO has set up a goal to achieve hepatitis elimination by 2030. To achieve this, the WHO urges countries to
achieve specific goals:
• Reduces new infections of hepatitis B and C by 90%.

• A 65% reduction in hepatitis-related deaths from cirrhosis and cancer.
• Make sure that at least 90% of people infected with hepatitis virus (B and C) are diagnosed.
• At least 80% of eligible individuals receive appropriate care.
• Provision of chronic hepatitis B treatment access to all pregnant women and birth vaccines to their
infants in order to prevent HBV infection.
WHD aligns particularly with three Sustainable Development Goals (SDGs):
• Good Health and Well-being (SDG 3)
• Partnerships for the Goals (SDG 17) and
• Reduced Inequalities (SDG 10).
About World Health Organisation(WHO):
Director-General- Dr Tedros Adhanom Ghebreyesus
Founded in- 1948
World Nature Conservation Day 2023 – July 28

World Nature Conservation Day is annually observed across the globe on July 28 to create awareness about
the importance of protecting the natural resources and wildlives.
• The day also aims to educate the people about the necessity of conservation of natural resources,
bio-diversity and ecology across the world and the challenges of climate change.
Impacts of Natural Imbalance:
i.In recent times, climate change and environmental degradation becoming a pressing issue and due to the
careless use of natural resources and over exploitation, the consequence of global warming could be severe for
the future generation.
ii.The species getting threatened, global warming, pollution are causing a huge imbalance in nature.
Some Environment Conventions and Protocols:
1.The Convention on Wetlands of International Importance especially as Water- fowl Habitat, also known as
the Ramsar Convention, is an intergovernmental treaty that provides the framework for the conservation and
wise use of wetlands and their resources.
• It was adopted in the Iranian city of Ramsar in 1971 and came into force in 1975.
2.The Convention on Biological Diversity (CBD) is the international legal instrument for the conservation of
biological diversity, the sustainable use of its components and the fair and equitable sharing of the benefits
arising out of the utilization of genetic resources.
• The CBD entered into force on 29 December 1993 and it has been ratified by 196 countries.
• It covers biodiversity at all levels: ecosystems, species and genetic resources.
3.Stockholm Convention on Persistent Organic Pollutants (POPs) is a multilateral environmental agreement
to protect human health and the environment from POPs.
• It was adopted in 2001 in Geneva, Switzerland and entered into force in 2004
4.Kyoto Protocol is an international treaty that aims to reduce the emission of gases that contribute to global
warming.
• It operationalizes the United Nations (UN) Framework Convention on Climate Change by
committing industrialized countries and economies in transition to limit and reduce greenhouse
gases (GHG) emissions in accordance with agreed individual targets.
• It was adopted on 11 December 1997 and entered into force on 16 February 2005.
Some initiatives in India to conserve nature:
i.India’s Wild Life (Protection) Act, 1972 provides the legal framework for the protection of wild animals, birds
and plants with an objective to ensure the ecological and environmental security of India. The Act was last
amended in the year 2022.
ii.The Centrally Sponsored Schemes implemented by the Ministry of Environment, Forest & Climate Change
(MOEF&CC) includes,

• National River Conservation Programme;
• Sub-schemes of Conservation of Natural Resources and Ecosystems;
• Green India Mission and National Afforestation Programme;
• National Coastal Management Programme;
• National Mission on Himalayan Studies under Climate Change Program
iii.The MoEFCC also monitors the implementation of the United Nations Convention to Combat Desertification
(UNCCD) and has been carrying out enabling activities and other obligations of the Convention.
International Tiger Day 2023 – 29th July

International Tiger Day, also known as Global Tiger Day, is annually observed across the globe on 29th July to
raise awareness about the need for tiger conservation and the threats faced by the endangered species.
(Scientific name: Panthera tigris, belongs to genus Panthera)
• 29th July 2023, marks the 13th International Tiger Day.
Background:
i.On 23rd November 2010, the St. Petersburg Declaration on Tiger Conservation was signed during the
International Tiger Forum in St. Petersburg, Russia which took place from 21st to 24th of November 2010, by
proclaiming 29th July of every year as the International Tiger Day.
• The 1st international tiger day was observed on 29th july 2010.
ii.The day is supported and observed by major charities including the World Wide Fund for Nature (WWF) and
International Fund for Animal Welfare (IFAW), and the Smithsonian Institution.
iv.The summit adopted National Tiger Recovery Priorities (NTRPs) and Global Tiger Recovery Programme
(GTRP) by providing a blueprint for each country to reach the TX2 target.
TX2:
The TX2 (Tigers times two) goal is a global commitment to double the world’s wild tigers by 2022.
• The Signatories were Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Malaysia, Lao,
Myanmar, Nepal, Russia, Thailand and Vietnam.
Key points:
i.According to the WWF there are 3,900 wild cats in the world. Poaching, illegal wildlife trade, and habitat loss,
however, have reduced their population and range to just about 7%.
ii.In 2017, the International Union for Conservation of Nature (IUCN) recognized the continental
tiger(Panthera tigris tigris) and the Sunda island tiger(Panthera tigris sondaica) as tiger subspecies.
iii.The IUCN Red List of threatened species classifies Tigers as Endangered.
iv.Tigers have been included in Appendix I of CITES (the Convention on International Trade in Endangered
Species of Wild Fauna and Flora) since 1975, which means all international trade in tigers, including parts and
derivatives, for commercial purposes is generally prohibited under the Convention.
Conservation efforts in India:
National Tiger Conservation Authority (NTCA):
NTCA is a statutory body under the Ministry of Environment, Forests and Climate Change (MoEFCC)
constituted under enabling provisions of the Wildlife (Protection) Act, 1972, for strengthening tiger
conservation.
Project Tiger:
i.The ‘Project Tiger’ is a Centrally Sponsored Scheme (CSS) of the MoEFCC, providing funding support to tiger
range States for in-situ conservation of tigers in designated tiger reserves. It was launched in 1973 to revive the
tiger population.
• The project was the first-ever tiger conservation programme in the world.
ii.The Project Tiger has increased the coverage of tiger reserves from 9 to 53 as of 2023.

Tiger Population:
• According to the results of the All India Tiger Estimation (AITE), 2022 released by Prime
Minister(PM) of India, Narendra Modi, on 9th April 2023, the population of wild tigers in India is
estimated to be a minimum of 3,167, out of which 3,080 are unique individuals.
• India has now become the home of around 75% of the global tiger population.
• The State with the Highest Tiger population in India is Madhya Pradesh, followed by Karnataka and
Uttrakhand.
About Ministry of Environment, Forests and Climate Change (MoEFCC):
Union Minister- Bhupender Yadav (Rajya Sabha- Rajasthan)
Minister of State(MoS)- Ashwini Kumar Choubey
APPS & WEB PORTAL

MoRD Launches eSARAS App for Products From Women SHGs
On 3rd July 2023, Deendayal Antyodaya Yojna- National Rural Livelihoods Mission (DAY-NRLM), the flagship
initiative of the Ministry of Rural Development (MoRD), launched the eSARAS, an e-commerce mobile
application to support the marketing of products made by women of Self-help Groups (SHGs).
• The app was launched by Shailesh Kumar Singh, Secretary of MoRD in New Delhi, Delhi.
• He also inaugurated the eSaras Fulfilment Centre at the MoRD office at Janakpuri, New Delhi, Delhi.
The eSaras app:
i.The app is an online platform for buying handicrafts and handloom items made by rural women registered
with SHG’s.
ii.The app is a platform for marketing of the best, authentic handicrafts and handlooms made by women from
SHG’s.
iii.The launch of the app promotes the spirit of “Vocal for Local” by marketing easier by “SHG Didis” in even
more customer friendly way.
The eSARAS fulfillment centre:
i.The eSARAS fulfillment centre will be managed by the Foundation for Development of Rural Value Chains
(FDRVC – a Not for Profit Company constituted jointly by MoRD and Tata Trust).
ii.It will be used to process, package and ship products that customers purchase through the eSaras portal and
app.
iii.It will handle the logistics required to bring an online order to a customer’s doorstep.
Note: DAY-NRLM’S strategy is a 360 degree approach with online marketing initiatives like eSARAS App and
Portal, and popular on-grounds events like SARAS Melas, Saras Food Festivals.
ECI opened Online Portal for filing 3 types of Financial Reports by the Political Parties
The Election Commission of India (ECI) launched a new web-portal Integrated Election Expenditure Monitoring
System to facilitate the online filing of Contribution Reports, Audited Annual Accounts and Election
Expenditure Statements by the Political Parties according to the provisions in the Representation of the People
(RP) Act, 1951. The online availability of the data is expected to enhance the level of compliance and
transparency.
• All political parties are required to submit their financial statements online with this portal to the
Election Commission/Chief Electoral Officers of States/Union Territories (UTs).
The twin objectives of the facility are to overcome the difficulties faced by the political parties in the physical
filing of reports and to ensure timely filing of financial statements in the prescribed formats.

3rd Edition of NeSDA: DARGP launched portal for NeSDA 2023
On 6th July 2023, V. Srinivas, Secretary, Department of Administrative Reforms and Public Grievances (DARPG)
under the Ministry of Personnel, Public Grievances and Pensions, launched the 3rd edition of the National e-
Governance Service Delivery Assessment (NeSDA 2023) portal (nesda.gov.in).
• With the launch of the NeSDA 2023 portal, DARPG has begun its work towards the preparation of
the 3rd edition of the NeSDA (NeSDA 2023) study.
About the framework of NeSDA 2023:
i.3rd edition of the NeSDA framework developed by DARPG aims to analyse the depth and effectiveness of
existing e-Governance service delivery mechanisms from the citizen’s perspective.
ii. This framework, based on the Online Service Index (OSI) of the United Nations (UN)’s E-Government Survey,
has been revised for the Indian federal structure and the e-Governance landscape of the States and Union
Territories (UT)’s.
iii. Framework for NeSDA 2023 is elaborated under 3 dimensions:
• Portals Coverage
• Mandatory Services Coverage
• Assessment Parameters
1. Portals Coverage:
i. All Government Portals assessed during NeSDA are classified into two categories viz., (i) State, UT, Central
Ministry Portal and (ii) State, UT, Central Ministry Services Portals.
ii. NeSDA 2023 framework will evaluate the maturity of e-Government at the City level by assessing City Portal
i.e., the official portal of respective City/Urban Local Body that provides a single window access to the
information and links to the services being provided for the citizens and other stakeholders in the city.
2. Focus Sectors and Mandatory Services Coverage:
i. The NeSDA framework covers G2C (Government to Government) and G2B (Government to Business) services
across 7 sectors, such as Finance, Labour Employment, Education, Local Governance Utility Services, Social
Welfare (including Health, Agriculture, Home Security), Environment (including Fire) and Tourism sectors.
In NeSDA 2023, 5 mandatory services at State/UT level and 12 services at Central Ministry level would be
evaluated.
A total of 59 mandatory services will be assessed for every State & UT and 37 services will be assessed for
Central Ministries.
3. Assessment Parameters:
The 2023 NeSDA framework proposed to include three additional assessment parameters: Open Government
Data (OGD), E-Participation, and Leveraging Emerging Technologies, to make the framework more robust with
leading global digital government trends.
About NeSDA:
NeSDA is a biennial study undertaken by the DARPG to enhance the e- Governance Service Delivery of the
States/UT’s and Central Ministries and helps to improve their citizen-centric delivery of services and share best
practices across India.
Note:
• The DARPG has successfully released 2 editions of NeSDA study: NeSDA 2019(released in 2020) and
NeSDA 2021 (released in 2022).
• In NeSDA 2021, 1400 services across all States and UTs were assessed as compared to 872 in 2019,
an increase of over 60%.
Key Takeaways of NeSDA 2021:
• Increase in e-Service Delivery
• Rise in use of Integrated / Centralised Portals for delivery of e-Services
Improvement across assessment parameter scores

Meta launches a new app , Threads
On 6th July 2023, Threads, an app launched as a new text-based microblogging platform, developed by
Facebook parent Meta for sharing text updates and joining public conversations.It is built by the Instagram
team,photo and video sharing social networking service owned by American company Meta Platforms.
• The new app is rolled out in 100 countries (currently unavailable in EU region) including India and
is available in iOS(iPhone Operating System) and Play Store.
• It is said to be the text-based version of Meta’s photo-sharing app Instagram.Thread users will need
an Instagram account to log in.
• The posts in Threads can be up to 500 characters long and include links, photos and videos up to five
minutes long .
• Threads app has similarities to Twitter. Both platforms focus on text-based updates and public
conversations. Threads aims to provide a microblogging experience similar to Twitter, allowing
users to share their thoughts, engage with others, and participate in public discussions.
DoT Secretary K Rajaraman launches ‘Standards Coordination Portal’

On 7th July 2023, K Rajaraman, the Secretary to the Department of Telecommunication(DoT), Ministry of
Communications, launched the ‘Standards Coordination Portal’, developed by Telecommunication
Engineering Centre (TEC) under the DoT, during the “National Workshop on Enhancing Indian Participation in
Telecom Global Standards Bodies” held at Centre For Development Of Telematics (C-DoT) Campus in New
Delhi, Delhi.
• The workshop was conducted by TEC in collaboration with C-DoT and Telecommunications
Standards Development Society, India (TSDSI), a National Telecom Standards Development
Organisation (SDO).
Purpose of the Portal:
i.The portal aims to increase India’s participation in global standardising initiatives by bringing together
specialists from various sectors such as industry, academic institutions, research organisations, and
government.
ii.This also serves as a central hub for sharing information and promoting collaboration in the Standardisation
of telecom and related ICT domains.
Online Module – Voluntary Certification :
i.An Online Module for Voluntary Certification of telecom products was also introduced, which shall provide a
streamlined process for certification.
ii.Approval Certificate for Conditional Access System and the Technology Approval Certificate for Dual Band
Outdoor Wi-Fi Access Point, was handed over to C-DoT, symbolising their commitment to quality and
innovation.
Highlights of the Workshop:
i.K.Rajaraman, Secretary (DoT), also released the “Fairness Assessment and Rating of Artificial Intelligence
Systems” TEC standard, which specifies detailed protocols for analysing and rating the fairness of artificial
intelligence systems, assuring ethical and responsible AI deployment.
ii.The experts from industries, academia, government organisations, and renowned research and development
centres engaged in discussions of topics including the step-by-step process of standard-making processes,
conversion of patents into Standard Essential Patents (SEPs), and the significant role of academic institutions in
fostering a vibrant Standards Community.
iii.This workshop addressed the importance of standardisation for firms and start-ups, specifically through the
Standard Essential Patents (SEP) system.
iv.The workshop provided a platform to create awareness and encourage active Indian participation in
international standardisation bodies such as the International Telecommunication Union(ITU), 3rd Generation
Partnership Project (3GPP), Institute of Electrical and Electronics Engineers (IEEE) etc. The workshop

emphasised the pivotal role of standardisation for businesses and start-ups, particularly through the Standard
Essential Patents (SEP) mechanism.
Mobile-Dost-App launched in J&K for Citizen Centric Services

On July 11, 2023, Dr Arun Kumar Mehta, Chief Secretary of Jammu and Kashmir (J&K) launched the ‘Mobile
Dost App’ in line with Apka Mobile Hamara Daftar, an initiative for mobile-based delivery of citizen-centric
services in J&K.
• This app, developed by the IT (Information Technology) department of J&K with support from the
Government of Haryana, brings digital transformation and improved accessibility to J&K residents.
• The launch also saw virtual participation from Uma Shankar, Principal Secretary to Chief Minister
Haryana, among others.
About Mobile Dost App:
It aims at empowering people of J&K by providing a comprehensive platform to access all the Government to
citizen Services (G2C) directly from their mobile devices.
• It offers over 450 government-to-citizen services, including certificates, licenses, grievance
registration, and welfare scheme access.
• The app also provides emergency helpline connections, government tender information, bill
payment, travel details, job applications, news updates, event information, and important contacts.
• The app also provides detailed information about government tenders, enabling entrepreneurs and
businesses to stay informed about opportunities and actively participate in the region’s
development.
In times of crisis, individuals can swiftly connect with emergency helplines such as police, fire, medical, and
disaster management services, ensuring rapid response and assistance during emergencies.
Amit Shah Launches ‘CRCS-Sahara Refund Portal’ to Expedite Refunds for Sahara Group
Depositors
On 17th July 2023, Union Minister of Cooperation Amit Shah launched the ‘Central Registrar of Cooperative
Societies (CRCS) – Sahara Refund Portal’ aimed at aiding over 10 crore depositors of the Sahara Group in
reclaiming their money within 45 days of registration in the portal.
• The refund portal has been developed by a subsidiary of Industrial Finance Corporation of India
(IFCI) Ltd, a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-
SI).
• In Phase I, around 1.7 crore investors will be beneficiaries, and claims up to ₹10,000 will be
prioritised for settlement. The refunds will be credited to the Aadhaar-linked bank accounts of the
investors within a 45-days of registration in the portal.
Background:
Between March 2010 and January 2014, four cooperative societies linked to the Sahara group of companies
registered under the Multi-State Cooperative Societies Act, 2002.
i. Sahara Credit Cooperative Society Limited (Lucknow)
ii. Saharayan Universal Multipurpose Society Limited (Bhopal)
iii. Humara India Credit Cooperative Society Limited (Kolkata)
iv. Stars Multipurpose Cooperative Society (Hyderabad)
Fraudulent activities:
i. Many complaints were received from across the country regarding non-payment to the depositors. The
Central Registrar directed the societies to pay the unpaid amount to the investors and stopped the societies
from taking fresh deposits and renewing existing ones,

ii. To address this, the government invited Securities and Exchange Board of India (SEBI), Enforcement
Directorate(ED), Central Bureau of Investigation(CBI) and Serious Fraud Investigation Office (SFIO) along with
other stakeholders, to work together and create a system that would benefit the affected small investors.
• In response, all the agencies jointly filed a petition in the Supreme Court. The court’s landmark
decision established that if there is unanimous agreement among the agencies, a committee headed
by a retired Supreme Court judge would supervise the reimbursement process for the affected
investors.
Supreme Court’s decision:
Following a petition presented by the Ministry of Cooperation, on 29th March 2023, the Supreme Court issued
an order for the reimbursement of funds from the Sahara-SEBI refund account to approximately 10 crore
investors
• The court ordered that out of the balance amount in the Sahara-SEBI refund account, ₹5,000 crore
be transferred to the Central Registrar of Cooperative Societies.
A bench headed by justice MR Shah ordered this payment to be made under the supervision of the retired judge
R. Subhash Reddy, and with the assistance of advocate Gaurav Agarwal, the Central Registrar would complete
the payment process in 9 months.
What is the Sahara-SEBI refund account?
i. In 2011, SEBI issued an order to Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing
Investment Corporation Ltd (SHICL) to reimburse the funds they had raised from investors through a type of
bonds called Optionally Fully Convertible Bonds (OFCD).
• SEBI claimed that the funds were raised in violation of SEBI (Disclosure and Investor Protection)
Guidelines, 2000, and various regulations of the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009.
ii. In August 2012, the Supreme Court upheld SEBI’s directive, affirming that the two companies must refund
the collected money to the investors along with 15 per cent interest.
• As a result, Sahara was required to deposit Rs. 24,000 crore with SEBI for further reimbursement to
the investors. Currently Rs. 24,979.67 crore remains unutilized in the Sahara-SEBI Refund Account.
About Ministry of Cooperation:
Union Minister – Amit Shah (Constituency – Gandhinagar, Gujarat)
Minister of State(MoS) – B. L. Verma
Himachal CM Sukhu launches website of Aapda Rahat Kosh-2023

On 16th July 2023, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, launched
the Aapda Rahat Kosh-2023 website, a digital platform initiative aimed at helping the disaster-affected people
in the Himachal Pradesh.
• By using this website, people can donate money in Aapda Rahat Kosh-2023 from anywhere using
multiple payment methods such as debit card, credit card, net banking, Quick Response (QR) code
and Unified Payments Interface (UPI).
• The department of digital technology and governance developed a transparent web link where
anyone can donate online and receive a receipt on their mobile device to facilitate this support.
The system has been integrated with multiple payment gateways to ensure seamless transactions and
preparations are under processing to enable online donations from overseas donors.
UP Govt Launched Portal to Process E-Vehicle Subsidy

On 19th July 2023, the Government of Uttar Pradesh(UP) launched an Electric Vehicle (E-vehicle or EV) subsidy
portal (https://upevsubsidy.in/) to enable citizens to apply online for subsidy available on the purchase of EVs
in UP. As per the UP government policy, buyers can apply online for EV subsidies for vehicles bought after
October 14, 2022.

• The development and maintenance of the portal have been assigned to UPDESCO (Uttar Pradesh
Development Systems Corporation Ltd)
• Under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, permission has
been granted for the implementation of the Purchase Subsidy Promotion Scheme with conditions.
The scheme is effective from October 14, 2022 to October 13, 2023.
• On purchase of any single vehicle across vehicle segments, subsidy on EVs will be payable to
individual beneficiaries (buyers) and purchase subsidy will also be payable to aggregators or fleet
operators (buyers), so that a unit can avail subsidy for a maximum of 10 vehicles across vehicle
segments.
• The subsidy amount will be 50% of the total subsidy for buyers purchasing EVs without batteries.
• For 2-wheeler EVs, the subsidy will be Rs 5,000/ vehicle for the first two lakh purchases, not
exceeding 15% of the ex-factory cost. For 4-wheeler EVS, the subsidy will be Rs 1 lakh/ vehicle for
the first 25,000 purchases, not exceeding 15% of the ex-factory cost.
Health Ministry Launched Online Portal to Report Violation on E-Cigarettes

The Union Ministry of Health and Family Welfare has launched a portal www.violation-reporting.in for all
states and Union Territories to report the violations under the Prohibition of Electronic Cigarettes (Production,
Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act (PECA) 2019.
• The portal helps to collect information and take swift action on reported violations of the PECA,
cigarettes and other Tobacco products act-2003.
• Electronic cigarettes and similar devices are battery-operated systems that heat a substance (in
liquid or solid state), which contains nicotine and often flavours, to create an aerosol for inhalation.
They are designed to simulate the act of smoking traditional cigarettes without burning tobacco.
Ministry of Culture launched PORTAL OF ‘MERA GAON MERI DHAROHAR’, a Virtual Museum
On 27th July 2023, Arjun Ram Meghwal, Minister of State (MoS) Ministry of Culture launched the virtual portal
of Mera Gaon Meri Dharohar (MGMD), a virtual museum that culturally maps over 6.5 lakh villages of India, at
Qutub Minar premises in New Delhi, Delhi.
• The objective of the launch is to integrate the information regarding villages by using technologies,
in order to identify and document the cultural heritage and village life of India.
• The interactive web portal developed under the MGMD will serve as the National Cultural
Workplace (NCWP) for artists and crafts persons and provide a single window online platform for
culture service providers.
Key People:
Meenakashi Lekhi, MoS, Ministry of Culture; Sadhvi Niranjan Jyoti, MoS, Ministry of Rural Development and
Shobha Karandlaje, MoS, Ministry of Agriculture & Farmers’ Welfare were also present on the occasion.
Key Points:
i.The event also included a digital village trivia and interactive puzzle game.
ii.On the occasion, the Projection Mapping Show was premiered, showcasing the rich Indian heritage and
culture through captivating narratives of villages from all across India.
iii.Additionally, viewers can access synchronized audio for the show through the portal, making it convenient
for them to watch from nearby places such as rooftops and balconies.
About Mera Gaon Meri Dharohar (MGMD):
i.It is a component of National Mission on Cultural Mapping (NMCM) established by the Ministry of Culture with
an aim to express India’s cultural heritage and its creative potential to regenerate and revitalize rural
economies, as a result making Village India self-reliant.
ii.MGMD is undertaken as a part of Azadi Ka Amrit Mahotsav (AKAM), an initiative of the Government of India
(GoI) to celebrate and commemorate 75 years of independence and the glorious history of its people, culture
and achievements.

iii.The primary objective of the mission is to culturally map the art traditions and cultural practices along with
the artists and craft-persons engaged in the preservation of these art forms
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NABARD’s 42nd Foundation Day 2023- 12th July