NATIONAL NEWS
Arunachal Pradesh signs MoU with IIM Shillong to collaborated as a knowledge partnerGovernment of Arunachal Pradesh signed an MoU with Dr APJ Abdul Kalam Centre for Policy Research and Analysis-IIM Shillong for collaborating as a knowledge partner for capacity building of State Government officers and to set up a satellite centre of IIM-S in the State and for necessary policy interventions.
- This association will make IIM Shillong as the think tank for the State government, which will work in sectors like tourism, health, etc., Khandu added further.
The Central Reserve Police Force (CRPF) has signed an MoU with the Centre for Development of Advanced Computing C-DAC to train the manpower of the force in advanced technologies and undertake joint projects.
- The MoU aims at augmenting the technical capabilities of CRPF by training its manpower in advanced areas like the Internet of Things (IoT), Cybersecurity, AI, etc.
Union Home Minister Amit Shah along with Chief Minister Conrad K. Sangma inaugurated the much-awaited and prestigious “Greater Sohra Water Supply Scheme”.
- The Greater Sohra Water Supply Scheme was conceptualised by the government of Meghalaya and funded by the Ministry of DoNER under NESIDS in the year 2019 at an amount of Rs. 24.08 crore.
- The project will provide water supply to Sohra Town and 12 (twelve) habitations viz. Sderkariah, Khlieh Shnong, Maraikaphon, Pdengshnong, Nongrim, Pomsohmen, Nongsawlia, Mawkisyiem, Saitsohpen, Mawpunkyrtiang, Pynshadkhurai & Kutmadan by tapping the stream source of Wah Lyngksiar and Law Sanlait Spring Sources.
INTERNATIONAL NEWS
Philippines becomes first country to approve nutrient-enriched “Golden Rice” for plantingPhilippines becomes first country to give green light to grow enriched 'golden rice' Nutrient-enriched “golden rice”, a major innovation in fighting malnutrition, could be on Filipino tables within just 18 months after the government became the first in the world to approve the crop.
- The Golden rice has been developed by the Department of Agriculture-Philippine Rice Research Institute (DA-PhilRice) in partnership with the International Rice Research Institute (IRRI), after spending nearly two decades.
- A cup of golden rice can give as much as 40 per cent of vitamin A which is very essential for children aged six months to five years, to combat childhood blindness and save lives in the developing world.
- It is also the first genetically modified rice approved for commercial propagation in South and Southeast Asia.
Singapore’s Sunseap is planning a $2 billion floating solar project on a reservoir in Indonesia’s Batam Island.
- If successful it will be the world’s largest to date and electricity could be exported via undersea cable to the nearby island city state of Singapore.
- The floating solar system will have a capacity of 2.2 GWp and span around 1600 hectares, making it the largest in the world to date, said Sunseap. The energy storage system will have a storage capacity of more than 4000 MWhr.
- The project will be financed through a mixture of bank borrowings and internal resources. Construction is expected to begin in 2022 and plan to be completed in 2024.
BANKING & FINANCE
RBI allows loans up to ₹5 cr to other banks' directors without board approvalThe Reserve Bank of India has raised the limit on loans to be sanctioned to directors or associates without board approval for the first time in 26 years to Rs. 5 crore from Rs. 25 lakhs last set in 1996.
- This revision in threshold will be applicable to only personal loans disbursed to any director of other banks, all loans to relatives of bank’s own directors, relatives of directors of other banks, and the companies or firms associated with them.
BUSINESS & ECONOMY
India's GDP Growth Expected to Be 8.8-9% in FY22: Care RatingsThe country’s gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.
- The country’s economy had contracted by 7.3 per cent in fiscal 2020-21.
- The agency said the outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.
India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years.
- In 2019, Mexico and India, with 3.4% and 3.1% share in global agri exports, respectively, replaced Malaysia (7th) and New Zealand (9th) as the largest exporters, while the US, which topped the list in 1995 (22.2%), was overtaken by the European Union in 2019 (16.1%).
- The US’s share fell to 13.8% in 2019. Brazil maintained its ranking as the third largest exporter, increasing its share from 4.8% in 1995 to 7.8% in 2019. China climbed from the sixth spot in 1995 (4%) to fourth in 2019 (5.4%).
ACQUISITIONS& MERGERS
Byju Acquires Ed-Tech Firm for Higher Education 'Great Learning' for $600 Million.Edtech major Byju’s said it has acquired Singapore-headquartered Great Learning for USD 600 million (about Rs 4,466 crore), and will invest an additional USD 400 million to strengthen its position in the professional and higher education segment.
- The development comes just days after Byju’s had announced the acquisition of US-based digital reading platform Epic for USD 500 million (around Rs 3,729.8 crore), and an additional USD 1 billion (about Rs 7,459.7 crore) investment in the North American market.
APPOINTMENTS
Indian businessman Yusuffali MA appointed vice-chairman of top govt business body in Abu DhabiCrown Prince of Abu Dhabi Sheikh Mohamed Bin Zayed Al Nahyan has appointed prominent Indian businessman Yusuffali MA as the vice-chairman of the apex government body for all businesses operating from the UAE's capital city, making him the only person from India on the 29-member board.
- Yusuffali, 65, is the Chairman and Managing Director of Abu Dhabi-based LuLu Group which operates hypermarkets and retail companies in many countries.
Nasir Kamal, a 1986 batch IPS officer of Uttar Pradesh cadre, has been appointed as the Director General of Bureau of Civil Aviation Security (BCAS) in the Ministry of Civil Aviation till his superannuation on July 31, 2022.
- BCAS is a wing of the Civil Aviation Ministry looking after civil aviation security. His appointment was cleared by the Appointments Committee of the Cabinet headed by the Prime Minister.
AWARDS
- The addition to the list of the world's most precious and significant sites was in recognition of the key role the Paseo, a wide tree-lined avenue that's home to prominent buildings such as the Prad o Museum, and the adjoining Buen Retiro park, a 125-hectare green space, play in Madrid's history.
- The decision, made brings the total number of World Heritage Sites in Spain to 49 – the third-highest in the world after Italy and China.
World No. 1 para shuttler Pramod Bhagat was named Differently Abled Sportsman of the Year at Indian Sports Honour for 2019.
- Bhagat won two gold medals and a bronze at the Dubai Para Badminton Tournament this year.
- Indian Sports Honours are awards given annually by the RPSG Group in association with the Virat Kohli Foundation to outstanding sports personalities of India
Mumbai-based filmmaker Payal Kapadia has bagged the Oeil d'or (Golden Eye) award for Best Documentary for her film 'A Night of Knowing Nothing' at Cannes Film Festival.
- 'A Night of Knowing Nothing' has emerged the winner in a list of 28 documentaries submitted from around the world.19-Jul-2021.
- 'A Night of Knowing Nothing' is a story of a college student who writes letters to her lover when he is away.
India's chief hydrographer Vice Admiral Vinay Badhwar received the Alexander Dalrymple award by the British government in recognition of his works in areas of hydrography and nautical cartography.
- The Alexander Dalrymple award has been named after the first hydrographer of the British Admiralty and was instituted in 2006.
SCIENCE & TECHNOLOGY
Nasa selects SpaceX for Jupiter moon missionNasa selected Elon Musk’s SpaceX to launch its probe of Jupiter's moon Europa, which has liquid oceans that could harbour life.
- The National Aeronautics and Space Administration said in a statement that the contract for the Europa Clipper mission, scheduled to launch in October 2024 on a Falcon Heavy rocket from the Kennedy Space Center in Florida, is worth $178 million.
OBITUARIES
Veteran multilingual actress Jayanthi passes awayVeteran Kannada actress Jayanthi, who was popularly known as Abhinaya Sharadhe, passed away. She was 76.
- She started her acting career in 1963 and had starred in over 500 films that span across five languages including Kannada, Telugu, Tamil, Malayalam and Hindi.
- She won several awards including the Karnataka State Film Awards seven times and the Filmfare Awards twice.
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