1 India and Bangladesh start bilateral trade in rupees
India and Bangladesh have started bilateral trade in rupees . It was launched in Dhaka at an event jointly organized by Bangladesh Bank and the High Commission of India . Indian High Commissioner in Dhaka Pranay Verma said that the US dollar India and Bangladesh will do business in Indian Rupees except for normal transactions in Shri Verma said that trade payments through Indian Rupees would be applicable only on export proceeds from Bangladesh. And the goods imported from India will be paid in US dollars. Bangladesh is India’s largest trading partner in South Asia. On the other hand, India is the second largest trading partner of Bangladesh in Asia. The Reserve Bank of India has allowed commercial banks in 18 countries, including Germany, Russia, Singapore, Sri Lanka, the United Kingdom, Myanmar, Oman and others, to conduct rupee transactions. Bangladesh has become the 19th country to do business transactions with India in rupees.
2 The United Nations said- India did a remarkable job in lifting 415 million people out of poverty in 15 years.
The United Nations has said that a significant reduction in poverty has been registered in India . In India, 415 million people have come out of poverty in just fifteen years . The United Nations said that 25 countries including India have successfully halved their Global Multidimensional Poverty Index value in 15 years . Apart from India, these countries include 25 countries including Cambodia, China, Congo, Honduras, Indonesia, Morocco, Serbia and Vietnam. Latest update of the Global Multidimensional Poverty Index United Nations Development Program and the Oxford Poverty and Human Development Initiative at the University of Oxford Issued by. The report states that all indicators of poverty have declined in India. The poorest states are making rapid progress. According to the United Nations data, India has become the world’s most populous country, surpassing China, with a population of 1428.6 million people in the month of April.
3 Defense Minister Rajnath Singh inaugurated the regional office of Hindustan Aeronautics Limited in Kuala Lumpur, the capital of Malaysia.
Defense Minister Rajnath Singh inaugurated the regional office of Hindustan Aeronautics Limited-HAL in Kuala Lumpur , capital of Malaysia . The Ministry of Defense said that this regional office will promote defense industrial cooperation between India and Malaysia. This office will serve as the hub for HAL’s partnership with the South-East Asian region. Shri Rajnath Singh also visited the Ramakrishna Mission in Petaling Jaya and paid floral tributes at the statue of Swami Vivekananda . This statue was unveiled by Prime Minister Narendra Modi in the year 2015 . he distinguished Also visited the Batu Cave Temple Complex .
4 Myanmar, South China Sea tensions top agenda at ASEAN meeting in Indonesia
Southeast Asia ‘s top diplomat amid South China Sea tensions and pressure to resolve Myanmar ‘s bloody political crisis are gathering in. The Foreign Ministers’ meeting of the Association of Southeast Asian Nations is taking place under the shadow of doubts surrounding the unity and credibility of the grouping in dealing with the challenges of the region. Chief among these is the lack of meaningful process on the ASEAN Peace Plan for Myanmar. After seizing power in a military coup in 2021, Myanmar’s military rulers agreed to the peace plan and called for an immediate end to the violence. ASEAN will also hold the East Asia Summit and the ASEAN Regional Forum later this week. US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov will participate in these meetings.
5 The US will provide cluster munitions to Ukraine as part of a new military aid package
The United States (US) has decided to provide Ukraine with cluster weapons as part of a new military aid package worth up to US $800 million . The move raised concerns about civilian casualties, with the United Nations calling for the use of such weapons to be avoided. Cluster munitions are a form of air-dropped or ground-released explosive munitions that result from the application of small submunitions, commonly known as bombs, over a wide area. They are designed to injure or kill humans and to destroy runways, railway or power transmission lines, and other targets.
6 Strengthening relations between the Solomon Islands and China
Solomon Islands and China on policing, economic and technical cooperation But have decided to strengthen our relations through agreements. The decision comes after the Solomon Islands decided to switch its diplomatic affiliation from Taiwan to China in the year 2019. China aims to further expand ties and trade through initiatives such as the Belt and Road Initiative that promote economic and geopolitical interests in the South Pacific Ocean region. The growing relationship between China and the Solomon Islands highlights regional dynamics and has implications for world politics. The Solomon Islands is a Melanesian nation located in Oceania, east of Papua New Guinea, consisting of more than 990 islands. Its capital is Honiara on Guadalcanal and the region has a rich Melanesian history of 30,000 years.
7 Supreme Court upheld the rights of non-notified forest dwellers
The Supreme Court of India in a recent hearing held that forest dwellers beyond tribal or backward communities have a right to be heard before being evicted from forest land. Based on the Forest Rights Act, 2006, the Court is of the view that de-notified forest dwellers are an integral part of forest communities, even if they are not officially recognized due to socio-political and economic factors . The Forest Rights Act, 2006 provides legal rights to forest-dwelling tribal communities and other traditional forest dwellers to enable them to access and manage forest resources. It aims to protect the rights of these communities, promote sustainable forest management and ensure their socio-economic welfare.
8 Food Corporation of India launches e-auction of rice to control retail price
The Ministry of Consumer Affairs, Food and Public Distribution has said that the decision to sell rice from buffer stock to bulk consumers through e-auction under the Open Market Sale Scheme has been taken in public interest. Addressing the media in New Delhi, Food Secretary Sanjeev Chopra said that more rice has been given to meet the food grain requirements of the people. Because there is a possibility of shortfall in the supply of rice due to bad weather. Shri Chopra said that the Food Corporation of India has started e-auction of rice to control the retail price. He told that the corporation also wants to give a message to the market that at present rice is available in sufficient quantity with the government. The third e-auction of 2023-24 will start tomorrow.
9 Investment bank Goldman Sachs says India poised to become world’s second largest economy by 2075 leaving behind Japan, Germany and US
Investment bank Goldman Sachs has said that India will become the world’s second largest economy by 2075 leaving behind Japan, Germany and the US . With a population of 140 crores, India’s GDP has increased to 52.5 trillion dollars It is estimated to be more than the estimated GDP of America. Goldman Sachs has said in a recent report that India’s progress is forecasted due to a growing population, innovation and technology, high capital investment and increasing productivity of the workforce. It states that this is the right time for the private sector to increase the capacity of services and manufacturing by bringing in a large labor force, creating more jobs. Increasing labor force participation, huge talent pool and working age population are some of the factors that will make India the second largest economy in the world by 2075.
10 Goods and Services Tax Council exempts medicines for cancer and rare diseases from tax
Goods and Services Tax – The GST Council has decided to exempt drugs for the treatment of cancer , drugs for the treatment of rare diseases and food products for special therapy from Goods and Services Tax . Union Finance Minister Nirmala Sitharaman chaired the 50th meeting of the GST Council in New Delhi. presided over. After the meeting, the Finance Minister said that online gaming, horse racing and casino will be taxed at 28 percent. He said that the Council has also decided to exempt satellite launch services of private operators from GST. GST rates on uncooked, unfried snacks have been reduced from 18 per cent to 5 per cent. Rates on imitation zari thread have been reduced from 12 per cent to 5 per cent.
11 Two-day G-20 conference on crime and security to be held in Gurugram, Haryana on July 13 and 14
The two-day G-20 conference on crime and security will be held in Gurugram, Haryana on July 13 and 14 . Union Home Minister Amit Shah will address the inaugural session of the conference on 13 July. The Home Ministry said that the conference will be attended by G-20 countries, nine special invitees, international bodies, and more than 900 participants from across the world. During the conference, Cyber Security and Artificial Intelligence and Metaverse There will be extensive deliberations on measures to combat cybercrime in the context of new and emerging technologies such as Shri Amit Shah will flag off cyber volunteer squads from seven premier educational institutions of the country. These specially identified volunteers will work to create cyber awareness in the society and provide technical support to make the society cyber-secure. Shri Shah will also inaugurate an exhibition. Six technical sessions will be held during the conference on Internet Governance, Artificial Intelligence and Criminal Use of Information and Communication Technology. Electronics and Information Technology Minister Ashwini Vaishnav will address the valedictory session of the conference on July 14.
12 G-20 Cultural Working Group Meeting Creates Guinness World Record for Largest Exhibition of Tall Goods
A Guinness World Record was created for the largest exhibition of Lambani wares on the sidelines of the 3rd G-20 Cultural Working Group meeting at Hampi in Karnataka . More than 450 Lambani women artisans and cultural artisans associated with Sandur Kushal Kala Kendra came together. These women came together to make sandur lambani embroidery of G1 tag with 1755 embroidery work. Shruti Muniyappa, secretary of Sandur Kala Kendra, told All India Radio in Hospet that her organization has created a world record.
13 India tops the 34th International Biology Olympiad with four gold medals
India topped the 34th International Biology Olympiad with four gold medals . India participated in it for the first time. According to the Homi Bhabha Center for Science and Education , Megh Chhabda from Jalna district in Maharashtra , Dhruv Advani from Bengaluru in Karnataka , Ishaan Pednekar from Kota in Rajasthan and Rahit Panda from Risali in Chhattisgarh emerged winners. Olympiad to be held this year from July 3 to 11 in the United Arab Emirates Was done in K Al Ain . 293 students from 76 countries participated in it . Apart from India, Singapore has also won four gold medals.
14 Ker Puja: Tripura
The Prime Minister , Shri Narendra Modi has greeted the citizens of Tripura on the occasion of Ker Puja . Ker Puja is a traditional tribal festival celebrated in Tripura. This festival is celebrated 14 days after Kharchi Puja . In this festival, a large piece of bamboo when bowed in a special way assumes the image of Ker. It is generally believed that the former rulers performed this puja for the general welfare of the people.
15 International Financial Services Centers Authority (IFSCA) and Climate Policy Initiative sign MoU for cooperation on Sustainable Finance
International Financial Services Centers Authority (IFSCA) and Climate Policy Initiative (CPI) – India have signed a Memorandum of Understanding (MoU) for mutual assistance and cooperation to enhance global sustainable capital flows to India . India’s G-20 presidency began with the theme “One Earth, One Family, One Future”. Sustainable development is a key priority included in the priorities of the G-20 working groups. Providing sustainable finance is critical to achieving the goal of transitioning to green and resilient economies. IFSCA has taken important steps towards accelerating global fixed capital flows by creating a conducive regulatory environment based on international best practices, with a special focus on the needs of India and developing countries.
16 International Financial Services Centers Authority (IFSCA) signs MoU with IIML-EIC
International Financial Services Centers Authority (IFSCA) and IIML-EIC have partnered with IIM (Indian Institute of Management) Lucknow in Uttar Pradesh ., Noida campus has signed an MoU. The objective of this MoU is to create a framework of cooperation and understanding between IFSCA and IIML-EIC for cooperation in providing support and facilitation to FinTech and TechFin units. The IFSCA is responsible for the development and regulation of international financial services, including the insurance sector, in the IFSC, which is considered a separate international financial jurisdiction, separate from the rest of India. IFSCA aims to develop a strong global connect and focus on the needs of the Indian economy as well as serve as an international financial platform at the regional/global level. IIML-EIC -IIML-EIC established by Indian Institute of Management Lucknow and National Science and Technology Entrepreneurship Development Board (“NSTEDB”), Department of Science and Technology (“DST”),
17 Crimean-Congo hemorrhagic fever spreading in Europe due to climate change
Crimean-Congo hemorrhagic fever (CCHF) is a disease caused by a tick-borne virus of the Bunyaviridae family . It is currently spreading to regions such as Europe, Africa and the Middle East . Cattle, sheep and goats serve as the primary hosts of the CCHF virus. Humans can contract the virus through two main modes of transmission: through tick bites and through contact with the blood of infected animals. These modes of transmission suggest that most cases of CCHF occur in individuals associated with the livestock industry. The World Health Organization (WHO) recognizes the seriousness of CCHF and includes it in its list of pathogens that have the potential to cause outbreaks and pandemics .
18 Phosphine was discovered in the atmosphere of Venus
The search for signs of life on another planet has fascinated scientists and space enthusiasts for decades. In an interesting incident, a team of scientists made a surprising discovery in the atmosphere of Venus . In an unprecedented revelation, the research team revealed the presence of phosphine gas in the atmosphere of Venus. Previously, phosphine had been detected in the clouds of Venus, but the new study, using the James Clark Maxwell Telescope (JCMT) located at Mauna Kea Observatory in Hawaii , took the detection deeper.
19 Wilson’s Little Penguin: Remains of the smallest extinct penguin species discovered
Scientists have made an extraordinary discovery in the southern Taranaki region of New Zealand ‘s North Island . They have unearthed the remains of the smallest extinct penguin species ever found , shedding light on the fascinating world of these flightless birds and providing valuable insight into the past. Researchers have unearthed fossilized remains that belong to a newly discovered penguin species. Named Wilson’s little penguin (Eudyptula wilsonae), these remains offer a glimpse into the history of these fascinating creatures. Fossil skulls found in the southern Taranaki region are remarkably similar in size and appearance to those of little penguins living in our world today.
20 Europe approves Data Privacy Framework with US
The European Union has given its nod to a new data deal with the US , marking a significant milestone for companies such as Facebook and Google . The decision comes three years after the EU’s top court invalidated Privacy Shield , the previous data agreement. The European Commission has formally recognized the US as a country providing adequate protection for the personal data of Europeans. This recognition is given under a landmark privacy law called the General Data Protection Regulation (GDPR) . The new deal, called the EU-US Data Privacy Framework paves the way for lucrative transatlantic data exchange. It addresses concerns arising from the invalidation of a previous agreement, which focused on broad access by US intelligence agencies to the personal data of Europeans.