Banking & Economy

ICICI Lombard and ICICI Prudential Life Insurance

jointly launched Combi Product ‘iShield’ The life
insurance under
‘iShield’ will
Under ‘iShield’, the health insurance component covers continue till
expenses related to hospitalisation, day-care treatments, pre the age of 85
and post hospitalisation, Teleconsultation and so on

MoU signed between Ministry of Culture and Canara

Bank to Enhance Financial Support for Veteran Artists
Here financial assistance of Rs. 6000 per
under the “Scheme for Financial
month under the scheme to artists and scholars
Assistance for Veteran Artists”.
above the age of 60 years

Currently, under the scheme, disbursal of financial assistance in respect of

artists selected before 2017 is made through LIC while for the artists
approved post 2017, it is made directly by the Ministry of Culture
 Kapil Kathpal
Bank of India Launches Centralised Pool This cell is equipped with an
end-to-end digital underwriting
Buy-Out and Co-Lending Cell in Mumbai system onboard pool buy-outs
and co-lending of loans in
Pool Buy-Out is a practice in the banking sector to partnership with NBFCs to
buy out the retail portfolios of NBFCs in return for boost priority sector lending
immediate payment

Tata AIA introduces Insurance Payments enabling digital payments through

WhatsApp and Unified Payment
with WhatsApp and UPI Integration Interfaces (UPI).

UST Joins Project Rosalind to BIS is owned by 63 central banks

Develop API Prototypes for CBDC

led by the Bank for International Settlements (BIS) and the Bank of England (BoE)
to develop Application programming interface prototypes for central bank digital
currencies (CBDC).
 Kapil Kathpal
Paytm partnered with Shriram Finance to increase
digital Financial Services and boost Loan distribution

Government raises interest rates on select small By Department of Economic Affairs

saving schemes by up to 0.3% for Q2 of FY24 (DEA), Ministry of Finance (MoF)

The formula to arrive at the interest rates for small savings schemes was given by the
Shyamala Gopinath Committee in January 2023

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
 Kapil Kathpal

Rates of Small Savings Schemes:

Classifications Rate of interest from 01.04.2023 to Rate of interest from 01.07.2023 to
30.06.2023 30.09.2023

Savings Deposit 4.0 4.0

1-Year Post Office Time Deposits 6.8 6.9
2-Year Post Office Time Deposits 6.9 7.0
3-Year Post Office Time Deposits 7 7
5-Year Post Office Time Deposits 7.5 7.5
5-Year Recurring Deposits 6.2 6.5
National Saving Certificates (NSC) 7.7 7.7
Kisan Vikas Patra 7.5 (will mature in 115 months) 7.5 (will mature in 115 months)
Public Provident Fund 7.1 7.1
Sukanya Samriddhi Account 8 8
Senior Citizens Savings Scheme 8.2 8.2
Monthly Income Account 7.4 7.4
 The World Bank granted USD1.5 Kapil Kathpal
World Bank Approves USD1.5 Billion to billion in financing to accelerate
Support India’s Low-Carbon Transition India’s development of low-carbon
energy sources.

This will assist India in achieving its target of 500 GW of renewable energy capacity by
2030

World Bank Approves USD 200 Million Loan to with a maturity period of 14.5 years,
including a grace period of 4.5 years
Boost Renewable Energy in Himachal Pradesh

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

The Goods and Services tax (GST) revenue for India in April 2023 saw a record-high GST
the month of June, 2023 stood at 1,61,497 crore collection of Rs 1.87 lakh crore, while the
rupees which is 12% higher than the GST indirect taxes collected in May were at Rs
revenues in the same month of last year 1,57,090 crore
 Kapil Kathpal
Indian Bank and NeSL Collaborate to
Introduce Digital Services under Project WAVE

Indian Bank 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

Indian Bank and NeSL have introduced an electronic bank guarantee (e-BG) service to replace
traditional paper-based processes

SBI Revamps YONO App & Launches Interoperable Cardless Cash

Withdrawal (ICCW) facility, aimed at
Interoperable Cardless Cash Withdrawal facility providing greater convenience to
customers.
These updates were unveiled on SBI’s 68th Bank Day

RBI imposes ₹ 65 lakh penalty on AP Mahesh co-op bank

penalty of Rs 65 lakh on city-based AP Mahesh Co-operative Urban Bank, for non-compliance with
provisions of Cyber Security Framework for Primary (Urban) cooperative banks
 Kapil Kathpal
Merger Between HDFC Ltd and HDFC
Bank Ltd Receives Final Board Approval

With a combined valuation of USD 172 billion, the merger will impact millions of customers,
shareholders

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.

Bank of India, 1st Bank, to roll out Mahila

Samman Savings Certificate Scheme

So far, only post offices were authorized to open accounts under MSSC
 Kapil Kathpal

About Mahila Samman Savings Scheme (MSSC):

Launched in Union Minister Nirmala Sitharaman, Ministry of

Finance, during the Budget speech FY 2023-2024

Eligible Period 1st April 2023 to 31st March 2025

Eligibility and Account Individual girls or women can open an account, or
Opening a guardian can open on behalf of a minor girl

Amount Minimum investment of Rs 1000 and multiples of

Rs 100, up to a maximum limit of Rs 200,000.

Interest Rate 7.5% interest per annum which will be

compounded quarterly

Account Duration Account matures after two years from the date of
opening

Account Closure Can be closed after 6 months but in this case

interest rate will be 5.5%

Partial Withdrawals Can make partial withdrawals up to 40% of the

eligible balance after 1 year
 Kapil Kathpal
Airtel Payments Bank, Park+ team up to enable
FASTag-based parking solution at Varanasi airport

to enable FASTag-based smart parking at the Lal Bahadur Shastri Airport, Varanasi in
Uttar Pradesh

Education financing startup Propelled

gets NBFC license 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 24 and to bolster its direct lending proposition
 MoUs & Agreements
Gujarat government signs MoU with Micron Technology

for semiconductor assembly and will be located at Sanand in

testing facility in Ahmedabad Ahmedabad district.

The Central Government will provide 50 per cent financial assistance towards
the total project cost while state govt. to provide incentive of 20%.

NASSCOM signed MoU with MIDAS & MAG to

set up 1st launch pad in UK for Indian tech SMEs

MIDAS (Manchester’s Inward

MAG (Manchester Airports Group).
Investment Agency)

To promote innovation, investment, and technological exchange between

Greater Manchester (UK), and India
 Kapil Kathpal
Sugar mills association signs agreement with research
institute to develop new varieties, increase yield

Sugarcane Breeding Institute in

Indian Sugar Mills Association (ISMA)
Coimbatore

to launch a pioneering project aimed at developing location-specific and climate-resilient

sugarcane varieties, with the financial outlay of 7.5 cr.

The Indian Navy (IN) and Indian Coast Guard (ICG) has
IN & ICG signed MoU with IPRCL
signed an MoU with Indian Port Rail & Ropeway Corporation
to develop a gallery at NMHC Ltd (IPRCL) in Gandhinagar, Gujarat

• Objective:- to set up a Naval gallery at National Maritime Heritage Complex (NHMC).

theme, “Evolution of Indian Navy & Indian Coast Guard” in Phase 1A of this Project
 Kapil Kathpal
NADA India signs MoU with SARADO to increase
the Regional Cooperation in anti-doping in sport

South Asia Regional Anti-Doping Organisation (SARADO),comprising of Anti-Doping

Organizations of Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka

RAKEZ & ICFA signed MoU to promote Trade and Innovations

in Food and Agriculture Sectors between UAE and India

to promote growth and development within the food and agriculture sectors of the United
Arab Emirates (UAE) and India.

India Post & Canada Post signed a signed a bilateral Tracked Packet agreement to
introduce International Tracked Packet Service (ITPS)
bilateral Tracked Packet agreement
between two countries to facilitate e-commerce exports.

India Post already provides ITPS service with 38 partner countries and Canada will be the
39th and the service commenced from July 01, 2023
 Kapil Kathpal
IDFC Ltd to merge with IDFC First Bank
in a share exchange ratio of 155:100

Following the merger, shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for
every 100 shares held in the former
 Kapil Kathpal
Union Government approves Fair and Remunerative Prices of sugarcane
payable by Sugar Mills to sugarcane farmers for sugar season 2023-24 National News

Fair and Remunerative Price (FRP) of sugarcane FRP for sugar season 2023-24 is
for sugar season 2023-24 (October – September) 3.28% higher than the current
at Rs.315/QTL sugar season 2022-23.

ABOUT FRP
• FRP is the minimum price at which rate sugarcane is to be purchased by sugar mills
from farmers

• The FRP is fixed by Union government (Cabinet Committee on Economic Affairs

(CCEA)) on the basis of recommendations of Commission for Agricultural Costs and
Prices (CACP).

• The ‘FRP’ of sugarcane is determined under Sugarcane (Control) Order, 1966

• This will be uniformly applicable all over the country. Besides FRP, some states such
as Punjab, Haryana, Uttarakhand, UP and TN announce a State Advised Price,
which is generally higher than the FRP

• The FRP is based on the Rangarajan Committee report on reorganizing

the sugarcane industry.
 Kapil Kathpal
Union Cabinet approves Ratification Coalition for Disaster Resilient
of the HQA between India and CDRI Infrastructure (CDRI)

It also gave the approval for the The CDRI was launched by the Hon’ble
Government of India’s financial support Prime Minister of India during the United
of Rs. 480 crores to CDRI over a period Nations Climate Action Summit on the
of 5 years from 2019-20 to 2023-24. 23’d September 2019, at New York

Rs. 1451.84 crore for Market Development

Cabinet Approved assistance
Assistance (MDA) for promoting Organic
to promote organic Fertilizers Fertilizers from Gobardhan Plants.

The PM Programme for Restoration, Awareness Generation, Nourishment and

Amelioration of Mother – Earth (PMPRANAM) would incentivize States/ Union Territories
to promote alternate fertilizers and balanced use of chemical fertilizers
 About (PMPRANAM) Scheme: Kapil Kathpal

Launched in Annual Budget for the fiscal year 2023-24

Aim To bring down the subsidy burden on chemical fertilizers, which is estimated to
reach Rs 2.25 lakh crore in 2022-23

• 50% of subsidy savings will be passed on as a grant to the state that saves the money.

• 70% of the grant provided under the scheme can be used for asset creation related to
the technological adoption of alternate fertilizers

• The remaining 30% grant money can be used for rewarding and encouraging farmers,
panchayats, farmer producer organizations and self-help groups

ARAI awards Automotive PLI certificate under the Rs. 25,938-crore production-linked
to Mahindra Last Mile Mobility incentive scheme for automobiles (PLI-AUTO)

The Automotive Research Association of India The Ministry of Heavy Industries notified the
(ARAI), a testing agency under the Ministry of PLI Scheme for PLI-AUTO Scheme on
Heavy Industry (MHI), awarded the eligibility September 23, 2021, with a budgetary outlay
certificate to LMM forits flagship electric 3-wheeler of INR 25,938 crore
 Kapil Kathpal
Union Minister Parshottam Rupala Launches
“Report Fish Disease” App in New Delhi Department of Fisheries
has allocated ₹33.78
crore for three years for
the implementation of
the second phase of
developed by ICAR (Indian Council of Agricultural the NSPAAD under the
Research) NBFGR(National Bureau of Fish Genetic Pradhan Mantri Matsya
Resources) under National Surveillance Programme for Sampada Yojana
Aquatic Animal Diseases (NSPAAD) (PMMSY) scheme

Uttarakhand’s Naini Saini Airport Naini Saini Airport, Pithoragarh,

Receives Aerodrome License By DGCA Uttarakhand

the total number of GI certified products of UP

7 Handicrafts Products of Uttar Pradesh
has increased to 52. UP tops the list with
Get Geographical Indication Tag highest no. of GI Tags

Varanasi has a total of 23 GI products of which 18 belongs to handicraft products

 The 7 products are: Kapil Kathpal

• Amroha Dholak.
• Kalpi Handmade Paper.
• Baghpat Home Furnishings.
• Barabanki Handloom Product.
• Mahoba Gaura Patthar Hastashlip.
• Mainpuri Tarkashi.
• Sambhal Horn Craft

Andhra Pradesh CM launches

scheme for the 4th year.
‘Jagananna Amma Vodi’ scheme

financial assistance of Rs 6,393 crore will be deposited into the bank accounts of 43 lakh
beneficiaries, at Kurupam in Parvathipuram Manyam district, Andhra Pradesh.

Eligible mothers who send their children to schools will receive Rs 15,000 financial aid to
meet the educational expenses of students
 Kapil Kathpal
Govt launches UTPRERAK to adopt Unnat Takniki Pradarshan Kendra
Energy Efficient Technologies (UTPRERAK),

Over the next five years, UTPRERAK will provide

Advanced Industrial Technology intensive training to more than 10,000 energy
Demonstration Center (AITDC) professionals from various sectors, serving as a
strategic capacity-building institution

Cabinet approves Introduction of to strengthen the research ecosystem in the

National Research Foundation Bill, 2023 country.

SALIENT FEATURES:

• The bill has a provision to establish NRF, an apex body to provide high-level strategic direction of scientific
research in the country at a total estimated cost of 50 thousand crore rupees during the next five years.
• The proposed Bill also repeals the Science and Engineering Research Board (SERB) established by
Parliament in 2008 and subsumes it into the NRF
• The Prime Minister will be the ex-officio President of the Board and the Union Minister of Science &
Technology and Union Minister of Education will be the ex-officio Vice-Presidents.
• NRF’s functioning will be governed by an Executive Council chaired by the Principal Scientific Adviser to the
Government of India, Ajay Sood.
 Kapil Kathpal
Government integrating Child Helpline '1098' with ERSS 112

Emergency Response Support System 112 (ERSS-112) helpline of the Ministry of Home Affairs

The 1098 helpline service was started in 1995 and is currently managed by around 1,500
NGOs throughout the country

In the first phase, the new system will be launched in nine states, starting from June 30

Bengaluru airport launches BLR Pulse app for passengers

to provide hassle-free experience to the commuters at Kempegowda International Airport

Ministry of New & Renewable Energy Unveils

Guidelines for National Green Hydrogen Mission
The MNRE will implement the Strategic Interventions for Green Hydrogen Transition (SIGHT) Program
through the Solar Energy Corporation of India (SECI) between financial year 2025-26 and FY 2029-30
 National News
The framework document outlines two components for the implementation of the “Strategic
Interventions for Green Hydrogen Transition (SIGHT) Programme.

Component 1 has been allocated a Component 2, on the other hand, has

significant amount of 4,440 crore for received an allocation of Rs.13,050
the manufacturing of electrolysers crore for green hydrogen production

Yogi Adityanath launched "Operation

for cow slaughter in Uttar Pradesh
Conviction" in Uttar Pradesh

The program aims to convict 20 cases in each district within 30 days of framing of charges, under POSCO Act.

QCI and Odisha Government launch

Odisha Gunvatta Sankalp in Bhubaneswar

the Quality Council of India (QCI) and industry associations such as ASSOCHAM, FICCI,
EEPC, OASME, PHDCCI, CIPET, and FHRAI, launched the Odisha Gunvatta Sankalp (Odisha
Quality Mission) in Bhubaneswar.
 Kapil Kathpal
GSI discovers India's largest natural arch in Odisha

"Natural Arch '' in Odisha's This natural arch originated approximately 184 million years
Sundargarh Forest Division. ago during the Lower to Middle Jurassic period.

This oval shaped arch has a base length of 30 meters and a height of 12 meters

Power Ministry notified Carbon Credit Trading Scheme The Carbon Credit
2023 to develop India’s 1st domestic carbon market Trading Scheme, 2023,
entails the formation of
a National Steering
“Carbon Credit Trading Scheme, 2023”, to develop India’s first domestic Committee, a technical
regulated carbon credit trading market. committee, an
Accredited Carbon
The scheme was drafted by the Bureau of Energy Efficiency(BEE), a statutory Verification Agency and
body under the Ministry of Power the Central Electricity
Regulatory
Carbon credit market in India could reach USD 200 billion by 2030 from the
Commission as the
current USD 2 billion
carbon market
The Grid Controller of India Limited (GRID-INDIA) will be the registry regulator
for the Indian carbon market
 The amount includes Rs Kapil Kathpal
Home Minister Amit Shah approves release
1,209 crore as central
of Rs 6,194 cr disaster relief fund to 19 states share of SDRF to four
states -- Chhattisgarh,
Rs 6,194 crore to 19 State governments under the State Meghalaya, Telangana and
Disaster Response Fund(SDRF). Uttar Pradesh -- for 2022-
23

Total Rs 4,984 crore will also be given to 15 states -- Andhra Pradesh, Arunachal
Pradesh, Assam, Bihar, Goa, Haryana, Himachal Pradesh, Kerala, Maharashtra, Manipur,
Meghalaya, Odisha, Punjab, Tamil Nadu and Tripura for FY24

The increase in TCS rates; which were

Major changes regarding Tax Collected at Source to come into effect from 1st July, 2023
(TCS) & Liberalised Remittance Scheme (LRS) shall now come into effect from
1st October, 2023.

The transactions through International Credit Cards, while overseas would not be counted
as LRS and hence, would not be subject to TCS
 Kapil Kathpal
Nature of Payment Rates before Finance New rates wef 1st
Act 2023 October 2023

LRS for education Nil upto Rs 7 lakh Nil upto Rs 7 lakh

financed by a loan 0.5% above Rs 7 Lakh 0.5% above Rs 7 Lakh
LRS for Medical treatment/ Nil upto Rs 7 lakh Nil upto Rs 7 lakh
education (other than 5% above Rs 7 Lakh 5% above Rs 7 Lakh
financed by loan)
LRS for other purposes Nil upto Rs 7 lakh Nil upto Rs 7 lakh
5% above Rs 7 Lakh 20% above Rs 7 Lakh
Purchase of Overseas tour 5% (without threshold) 5% till Rs 7 Lakh, 20%
program package thereafter
 Kapil Kathpal
Prime Minister launches the National Sickle Cell Anaemia
Elimination Mission in Shahdol, Madhya Pradesh

National Sickle Cell Anaemia Elimination Mission in Shahdol, Madhya Pradesh and
distributed sickle cell genetic status cards to the beneficiaries

The Prime Minister also kickstarted the distribution of about 3.57 crore Ayushman Bharat
Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) cards in Madhya Pradesh.

Department for Promotion of Industry and

DPIIT successfully organizes National Internal Trade (DPIIT) successfully organized
the National Workshop on Industrial Park
Workshop on Industrial Park Rating System Rating System (IPRS) in New Delhi

The Industrial Park Rating System (IPRS) is a major initiative by DPIIT.

These pillars are:- Internal infrastructure and utilities, external infrastructure and
facilities, business support services, and environmental and safety management
{Download Crossword Current Affairs Application from Google Play Store}
Kishan Reddy releases postal cover Telangana was formed as the 29th
on “9 Years of Telangana Statehood” State of India on 2nd July 2014

The special postal cover featuring Dhulikatta Buddhist stupa is priced at Rs 50 and the set
of Bavapur Kurru postcards are priced at Rs 200.

A film on IBC's special project India

IBC to celebrate Ashadha Purnima as Dharma International Centre for Buddhist Culture
Chakra Pravartana Divas in New Delhi and Heritage in Lumbini, Nepal will also be
screened

KAPP-3 India’s 1st indigenous 700 MWe Nuclear

Reactor commenced commercial operations in Gujarat

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.

The reactor was built by Nuclear Power Corporation of India Limited (NPCIL). NPCIL plans to build
sixteen 700 MW PHWRs across India
 Kapil Kathpal
DoT Launches Bharat 6G Alliance to Drive Innovation and
Collaboration in Next-Generation Wireless Technology

Department of Telecommunications (DoT),Ministry of Communications (MoC) launches

Bharat 6G Alliance (B6GA) to propel India’s technological progress in the telecom sector.

For B6GA, the Central Government has allocated a grant of Rs 240.51 crores through the
Telecom Technology Development Fund (TTDF).

Govt Launches Scheme to Support medical and financial support will be

provided through the Nirbhaya Fund.
Pregnant Minor Victims of Sexual Assault
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

He inaugurated the 1st

Union Minister Sarbananda Sonowal launches campaign to three renovated
transform iconic 75 Lighthouses into Tourism Destinations lighthouses in Dwarka,
Gopnath and Veraval in
Gujarat
 First of its kind Exhibition on ‘Banking on World Heritage’ Kapil Kathpal

depicting UNESCO Heritage sites inaugurated at IGNCA, Delhi

kind in the world at Darshanam gallery of Indira Gandhi National Centre for the Arts (IGNCA), New Delhi.

This exhibition showcases Banknotes of G-20 Member Nations

The exhibition has been curated by Ms. Rukmini Dahanukar, an independent scholar
and founder of ‘Money Talks’.

an e-commerce mobile application to support the

MoRD Launches eSARAS App marketing of products made by women of Self-help
for Products From Women SHGs Groups (SHGs).

DoT conducts 5G & Beyond Hackathon conducts ‘5G & Beyond Hackathon
2023 to showcase 5G products & Solutions 2023’,

The top 100 startups will be honored with a prize of 100 lakh for their outstanding contributions to the
development of 5G products and solutions During the upcoming India Mobile Congress 2023 in October
2023, held in New Delhi
 Kapil Kathpal
Political parties can now file financial statements online

launched a web portal for filing of Contribution Reports, Audited Annual Accounts and
Election Expenditure Statements by Political Parties

MP CM Shivraj Singh Chouhan initiated the registration

of Mukhyamantri Sikho Kamao Yojana for youths in MP

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

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
 Kapil Kathpal
Sarbananda Sonowal Laid the Foundation Stone
for Inland Waterways Transport Terminal in Assam

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

The tourist-cum-cargo IWT terminal will be developed at Rs 46.60 crores and is scheduled
to be completed by February 2024.
 He has become the first Indian PM to International News
PM Narendra Modi Addressed
address the joint meeting of the US
Joint Sitting of the US Congress Congress for the 2nd time. PM Modi
previously addressed the Congress in
2016
he spoke about terrorism, unity in
diversity in India.

India Removed From UNSG Report On India had been included in the
Impact Of Armed Conflict On Children report since 2010

by UN Secretary General Antonio Guterres on the impact of conflict in view of the

measures taken by the government to better protect children

Canada launches 'Digital Nomad which will provide a temporary arrangement for
Strategy' for foreign workers foreigners to look for jobs in the country

Foreign workers are allowed to stay in Canada for up to six months under the Digital
Nomad Strategy
 Kapil Kathpal
New Zealand becomes 1st country
in the world to ban thin plastic bag

The ban applies to single-use plastic bags that are less than 70 microns thick
 Payments giant Visa Inc agreed to Kapil Kathpal
Visa acquires Brazilian payments
acquire Brazilian fintech platform Merger & Acquisition
platform Pismo for $1 billion Pismo for $1 billion in cash.

acquisition of approximately 22%

CCI approves acquisition of Marnix shareholding in the combined company
Lux by Concentrix Corporation by the shareholders of Marnix Lux
 Ranking & Report
WEF’s Energy Transition Index 2023 report titled “Fostering Effective
Energy Transition 2023”

India is ranked 67th on the Energy Transition Index (ETI) 2023

ETI 2023, the list of 120 counties

2023 Global Competitiveness Top 5 & India on World

35th edition Competitiveness Index 2023:
Index Published by IMD
Rank Country

1 Denmark

2 Ireland

3 Switzerland

4 Singapore

5 Netherlands

40 India
 Kapil Kathpal
Tamil Nadu becomes India’s Top Electronics Exporter
of FY23 with the export worth USD5.37 billion

In FY 2022-23 India’s export of electronic goods

Previously in FY22, India’s export of electronic goods
were recorded at USD 23.57 bn, the share of
were at USD 15.59 bn while TN’s share was 11.98%
TN in the total export is 22.83%.

India’s leading exporter of Electronic goods in FY 23:

Rank State FY23 (in USD billion)

1 Tamil Nadu 5.37

2 Uttar Pradesh 4.9

3 Karnataka 4.52

Hurun Institute’s ASK Private Wealth a ranking of India’s start-up ecosystems

Hurun India Future Unicorn Index 2023 worth at least USD 200 million
 Kapil Kathpal
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

Classifications of the Start-ups:

• 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)

• Cheetahs (start-ups that could go Unicorn in the next 5 years)

India stands at 126 rank out of 163 Rank Country

countries in the Global Peace Index 1 Iceland

17th edition of the Global Peace 2 Denmark

Index 2023 3 Ireland

4 New Zealand
The 2023 Global Peace Index, which measures
peace in 163 countries, found that violence costs 5 Austria
the world USD17.5 trillion in purchasing-power 126 India
parity (PPP) terms, or 12.9% of total global GDP
WHO reports: In 2019, 395,000 deaths of Kapil Kathpal

children under 5 due to Unsafe WASH

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 3,95,000 deaths and 37 million disability-adjusted life years
(DALYs).
 Awards & Honours
UK PM Rishi Sunak honoured 101 years old Sikh WWII
veteran Rajindar Singh Dhatt with UK Points of Lights Award
at India Global Forum’s (IGF)
It was launched in partnership with the United
annual UK-India Week 2023
States of America (USA) in April 2014.
reception

US Points of Light was first established by President George H. W. Bush in 1990

Mary Kom Named Global Indian Icon at UK-India Awards

Mary Kom has been honoured with the Global Indian Icon of the Year award at the annual The United
Kingdom(UK) -India Awards in Windsor, south-eastern England.

Awards
Lifetime Achievement Award for his
contributions to cinema in both countries
UK-India Award for Significant
Contribution to UK-India Relations
UK-India Award for Business Promotion
Organisation for 2023
Winner
Oscar-nominated ‘Elizabeth: The Golden
Age’ director Shekhar Kapur
Indian High Commission’s cultural arm, the
Nehru Centre in London
Federation of Indian Chambers of
Commerce & Industry (FICCI) UK
 Kapil Kathpal
King Charles and Queen Camilla Give to recognise
Environmental Award to Indian Conservationists contributions to
protecting Asian wildlife.

Kartiki Gonsalves,Filmmaker documentary ‘The Elephant Whisperers,’ received the Tara Award

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”,

Michael Rosen awarded PEN Pinter Prize 2023

The PEN Pinter Prize was established in 2009 in memory of Nobel-Laureate playwright Harold Pinter
 Defence News
Boeing to invest USD 100 million in
infrastructure, pilot training in India

MoD signed a contract of Rs. 2725 Cr with The cost of the overall contract is
MDL for INS Shankush Rs.2725 crore

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”.

India and France Conduct Joint in the Bay of Bengal along the coast of
Maritime Exercise off Visakhapatnam Visakhapatnam, Andhra Pradesh

Japan to Export to India Stealthy for the development of the Integrated Mast United
UNICORN NORA-50 Integration Mast Combined Radio Antenna (NORA-50).
 Kapil Kathpal
2023 Lausanne Diamond League: Neeraj
Chopra wins in javelin throw with 87.66m throw Sports News

Neeraj Chopra won the gold medal at the Lausanne Diamond League 2023 , held at
Stade Olympique de la Pontaise in Lausanne, Switzerland

Neeraj Chopra recorded a throw of 87.66 meters(m),

Red Bull Driver Max Verstappen Wins at the circuit Red Bull Ring,
Formula 1 (F1) 2023 Austrian Grand Prix Spielberg, Austria.

132nd Durand Cup tournament organized in Kolkata

• The "Trophy Tour" of the 132nd edition of Durand Cup, India's oldest football
tournament, was flagged off at a function held at Manekshaw Centre, Delhi Cantt.
 The win secured India's 9th Kapil Kathpal
Indian Men’s Football team defeat Kuwait to title in the SAFF Championship
lift 2023 SAFF Championships for 9th time out of 14 editions.

Founded 1993 (As SAARC Gold Cup)

Team 2023 8 (India, Kuwait, Nepal, Pakistan,
Bangladesh, Bhutan, Lebanon, Maldives)
2023 Champion India
2023 Runners-up Kuwait
2023 Host country India
2023 Edition 14th
1st championship 1993
1st championship host Pakistan
1st championship winner and India and Sri Lanka
runner up
India total win the 9 (1993, 1997, 1999, 2005, 2009, 2011,
championship 2015, 2021, 2023)
Last year host country Maldives
Last year winner and runner up India and Nepal
HESS Triveni Continental Kings crowned Kapil Kathpal

champions of Global Chess League

Triveni Continental Kings were crowned champions of the inaugural Global Chess League
after defeating Mumba Masters 2-0 in the final
 at Vigyan Summits & Conference
International Conference on Green Hydrogen
Bhawan, New
to be held in New Delhi during July 5 – 7, 2023 Delhi

to explore the evolving green hydrogen landscape and innovation-driven

solutions in the sector.

The 2nd edition of the JDCC

in Arusha, Tanzania, East Africa
meeting between India and Tanzania

Startup20 Shikhar summit

begins in Haryana's Gurugram
Mumbai to host G20 RIIG Summit,
Research Ministers' Meeting

India has taken forward the Research and Innovation Initiative (RIIG) during its
presidency in 2023 under the theme "Research and Innovation for Equitable
Society".
 Books & Authors

Book Name Author

The Yoga Sutras for Children Rupa Rai
 Festival & Fairs
Annual Hemis Monastery Festival
being celebrated in Ladakh

performance of sacred mask dances and exhibition of Thanka or mural Painting being
held to mark the occasion of birth anniversary of Guru PadmaSambhava.

Divya Kala Mela has organized at Jaipur

The Department of Empowerment of Persons with Disabilities is organizing the 6th

edition of the Mela at Jawahar Kala Kendra in Jaipur, Rajasthan

Around 100 Divyang artisans and entrepreneurs from nearly 20 states and UTs
will be showcasing their products and skills
 Kapil Kathpal
Chennai gets India’s first ‘Police Drone Unit’ for aerial surveillance in
Chennai, Tamil Nadu SCIENCE & TECH

Virgin Galactic completed first manned mission to space

Virgin Galactic, the space company founded by United Kingdom entrepreneur Richard
Branson, successfully completed its first manned mission to the edge of space

Home Minister Amit Shah launched Make in India

“Akshar River Cruise” on Sabarmati Riverfront, Gujarat

The Akshar River Cruise is a floating restaurant developed under Public Private Partnership by
Akshar Travels, Ahmedabad Municipal Corporation (AMC) and Sabarmati Riverfront
Development Corporation Limited (SRFDCL) at a cost of Rs.15 crore

Elena Geo Systems and Optimus Logics, two companies based

Elena Introduces India’s First in Bengaluru, have successfully developed handheld devices
NavIC – Based PNT Device called PNT (Positioning, Navigation, and Timing) that are driven
by satellite communications.
 Kapil Kathpal
India Launches First 100% DME-Fueled Tractor
for Sustainable On and Off-Road Usage

Researchers at IIT Kanpur have developed India's first tractor/vehicle that operates solely
on 100% Dimethyl Ether (DME), an indigenous and renewable fuel

The research was supported by the Science and Engineering Research Board (SERB)
and was aligned with NITI Aayog’s ‘Methanol Economy’ program
 Kapil Kathpal

Appointment & Resign

Name Appointed As
Tushar Mehta Solicitor General of India
Rajib Kumar Mishra PTC CMD
Kameshwar Rao Kodavanti SBI’s Chief Financial Officer
Brajendra Navnit Ambassador and Permanent Representative of India to
the WTO
Ajit Pawar Deputy CM of Maharashtra
PM Prasad CMD of Coal India Ltd.
Lt Gen MU Nair Head of National Cyber Coordination Centre
Vice Admiral Atul Anand Additional Secretary of the Department of Military Affairs
in the Ministry of Defence
B.Neeraja Prabhakar chairperson of the Research Advisory Committee of ICAR
Jens Stoltenberg Secretary General of NATO
Ajit Agarkar BCCI new chairman of Senior Men’s Selection Committee
 Kapil Kathpal

Resignation
Name Profession
Deepak Parekh chairman of Housing Development Finance
Corporation (HDFC)
 Day Date Theme Important Days
World Asteroid Day 30th June ---------
UN International Day of 30th June Parliaments for the Planet
Parliamentarism
National Doctor’s Day 01st July Celebrating Resilience and Healing Hands
National Chartered 01st July Empowering Financial Excellence
Accountants (CA) Day
GST Day 01st July ---------
World UFO Day 02nd July -----------
World Sports Journalist Day 02nd July ----------
International Plastic Bag Free 03rd July ----------
Day
UN International Day of 01st July Cooperatives: partners for accelerated
Cooperatives sustainable development
USA Independence Day 04th July -----------
World Zoonoses Day 06th July One World, One Health: Prevent Zoonoses, Stop
the Spread
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