Govt announces capital infusion in 5 PSB’s

Govt announces capital infusion in 5 PSB’s
The government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme. The five banks are Punjab National Bank, Indian Overseas Bank, Andhra Bank, Corporation Bank & Allahabad Bank. Indradhanush is a scheme for recapitalization of PSBs, with a view to make sure they remain solvent & comply with the global capital adequacy norms, Basel-III.

Vinesh grabs gold at Grand Prix of Spain

Indian wrestler Vinesh Phogat grabbed a gold at the Spanish Grand Prix in Madrid. Vinesh won the gold medal in the women’s freestyle 50kg category. Vinesh outclassed Canada’s Natasha Fox in the final to claim her second consecutive gold. She had won a gold at the Gold Coast Commonwealth Games in the 50kg category.

T.C.A. Raghavan appointed as DG of ICWA

Dr. TCA Raghavan was appointed as the Director General (DG) of the Indian Council of World Affairs (ICWA). He had served as India’s High Commissioner to Islamabad (Pakistan) and Singapore and has served in missions at London, Thimphu and Kuwait. ICWA was established as a non-official, non-political and non-profit organization under the Registration of Societies Act 1860.

Elevanil wins gold in junior shooting meet

Young Indian shooter Elavenil Valarivan claimed the women’s air rifle gold medal in the 28th Meeting of Shooting Hopes junior international championship in Plzen, Czech Republic. She shot 250.8 in the final to get the better of Italy’s Nicole Gabrielli (249.7). She had also topped the qualification with 628.0. Aleksandra Szutko of Poland won the bronze with 228.2.

President nominates 4 members to Rajya Sabha

The President of India has made 4 nominations to the Rajya Sabha rested by Article 80 of the Indian Constitution. The nominations are farmer leader Ram Shakal, Columnist Rakesh Sinha, Sculptor Raghunath Mohapatra & Classical Dancer Sonal Mansingh. The said article empowers President to nominate 12 persons having special knowledge of literature, science, art and social service to Rajya Sabha.

Forbes List Of US’ Richest Self-Made Women

Forbes released its 4th annual list of US’ Richest Self-Made Women. Diane Hendricks, co-founder and chairman of ABC Supply ranks 1st with a net w rth of $4.9 billion. Indian-origin tech executives Jayshree Ullal and Neerja Sethi were also on the list with $1.3 bn and $1 bn respectively. TV star and entrepreneur Kylie Jenner is the youngest to be featured in the list.

HDFC Group’s market cap crosses ? 10 trillion

Market capitalisation of Deepak Parekh-led financial services conglomerate – HDFC Group has crossed the ?10 trillion mark. HDFC group is the 2nd Indian business house after the Tata group to achieve this feat. The group has 4 listed companies – Housing Finance Development Corp, HDFC Bank, HDFC Standard Life & Gruh Finance. HDFC Bank is India’s 3rd most valued firm in terms of market cap.

Indian Naval aircraft deployed for RIMPAC

Indian Navy’s P8I long-range maritime reconnaissance aircraft from INS Rajali has inducted at Hawaii for participating in the Rim of Pacific Multinational Naval exercise. This is the first time ever that an Indian Naval aircraft has traversed so far east into the Pacific. The aircraft will form part of the largest naval exercise which has 26 nations participating in this year’s edition.

Arothe resigns as India women’s cricket coach

Indian Women’s Cricket Team Coach Tushar Arothe has stepped down from the role citing personal reasons. A former batting allrounder, Arothe took over as head coach in April 2017 after the removal of Purnima Rau from the job. Having previously been part of the Indian women’s coaching staff between 2008 and 2012, Arothe had been initially appointed until the 2017 World Cup.

INS Sumitra enters port of Sabang

Indian naval ship INS Sumitra became the first-ever warship to enter port of Sabang in Indonesia. The warship was deployed in Malacca Straits. Sabang port is located close to the northern entrance of the Malacca straits. Almost 40% of India’s trade passes through Malacca which is one the busiest shipping routes.

Varanasi to host Pravasi Bharatiya Divas 2019

The next Pravasi Bharatiya Divas will be held in the holy city of Varanasi in January 2019. The theme of the event, which is being organised in PM Modi’s parliamentary constituency, will be the ‘Role of Indian Diaspora in building a New India’. Pravasi Bharatiya Divas is observed biennially on 9 January to mark the contribution of the overseas Indian community towards development of India.

PR Sreejesh to lead Indian hockey team

Goalkeeper P.R. Sreejesh will lead the 18-member Indian Men’s Hockey Team at the 18th Asian Games, slated to be held in Jakarta and Palembang from August 18. Midfielder Chinglensana Singh Kangujam has been named the Vice Captain for the tournament. Indian forward Akashdeep Singh has returned to the Indian squad.

Siddhanta scales world’s highest volcano

Satyarup Siddhanta has become the 2nd Indian mountaineer after Malli Mastan Babu to climb Mt Ojos del Salado, the highest volcano in the world. Ojos del Salado is a stratovolcano in the Andes on the Argentina-Chile border and the highest active volcano in the world at 6,893 metres. Satyarup is also set to be the first Indian to climb Mt Sidley, the highest volcano of Antarctica.

Dalabehera bags bronze in World Weightlifting

Indian lifter Jhilli Dalabehera has bagged the bronze medal in the 2018 IWF Junior World Weightlifting Championships at Tashkent. She lifted 167 kg in the 48 kg category to finish third on the podium. According to Indian Weightlifting Federation Secretary General Sahdev Yadav, Jhilli is the 2nd woman lifter after Saikhom Mirabai Chanu in 2013 to win a medal in the Junior World Championships.

Bills of ` 29.41 crore raised by IAF

Over ` 29.41 crores were spent to ferry the newly-issued Rs 500 and ` 2000 currency notes after demonetisation using Indian Air Force’s ultra-modern transport aircraft. IAF aircrafts C-17 and the C-130J Super Hercules undertook 91 sorties for transporting the currency. RBI had spent ` 7,965 crore in 2016-17 post-demonetisation for printing the new ` 2000 and ` 500 notes.

Dhoni played 500 international matches

The Indian team’s senior-most player Mahendra Singh Dhoni reached the coveted milestone of playing 500 international matches during the second T20 International against England. In doing so, Dhoni became the third Indian after Sachin Tendulkar (664) and Rahul Dravid (509) to breach the 500 match barrier in international cricket. He has played 90 Test matches and 318 One Day Internationals.

Nepal, India to jointly promote tourism

The 2nd meeting of the joint working group on tourism cooperation between India and Nepal concluded in Kathmandu, Nepal. Both sides agreed to jointly promote Buddhist and Ramayana circuits and Adventure tourism. The meeting also decided to set up an industry-led India Nepal Tourism Forum. The Indian delegation was led by the Joint Secretary, Ministry of Tourism Suman Billa.

Ghatam maestro to receive lifetime award

The Music Academy has announced a Special Lifetime Achievement Award to be conferred on ghatam maestro T.H. Vinayakram. The award is conferred, once in a while, on artists of outstanding calibre who, the Music Academy feels, deserve independent recognition. Vikku Vinayakram, is a Grammy Award-winning Indian percussionist and is a recipient of Padma Shri and Sangeet Natak Akademi Fellowship.

Forex reserve fell to 10.8 months

RBI in its biannual report announced that import cover of foreign exchange (Forex) reserve had fallen to 10.8 months in December. The Forex reserve is India’s holdings of cash, bank deposits, bonds denominated in currencies other than, the Indian rupee and managed by the RBI. Import cover is an indicator for currency’s stability, typically a 10 months cover is seen as stable for the economy.

Highest LHS launched in Sambalpur

East Coast Railway launched highest ever 6 (six) Limited Height Subways (LHS) in Sambalpur Division. With this, the Sambalpur Division became the first to eliminate all unmanned Level Crossing Gates in Indian Railways In view of the launching of six LHS, 7 unmanned Level Crossing gates will be totally closed in Bhawanipatna-Lanjigarh Road Section of Kalahandi area of Odisha.

Anju Khosla completed Ironman Triathlon

Anju Khosla, aged 52 became the oldest Indian woman to complete an Ironman Triathlon, which is one of the toughest one-day sporting events. She completed the event in Carinthia, Austria in 15 hours, 54 minutes and 54 seconds. The event comprised 3.86 km of swimming leg, 180.25 km bike leg, and a 42.2km marathon to be completed without any break.

UK launched new visas to Indian scientists

The UK has launched new visas that will be open to overseas scientists and researchers, including Indians. UK Research and Innovation (UKRI) Science, Research, and Academia scheme is being added to the already existing Tier 5 visa route. UKRI along and other organisations such as the Natural History Museum will now be able to directly sponsor highly skilled individuals.

Trade ties of India and US to be mended

Indian Delegation headed by Santosh sarangi on it’s visit to the US in mid-July may fix some deal on trade tussles going between both countries. US is likely to maintain Generalised System Preferences (GSP) for India which will allow many exporters to enjoy low tariffs. India may change the price restrictions imposed on Medical devices imported from America to trade margin rationalisation.

India to operate ‘World’s Emptiest Airport’

Indian Civil Aviation Ministry has communicated Sri Lankan Parliament about operating it’s lost making Mattala Rajapaksa International airport in Hambantota. The airport is named after former Sri Lankan President Mahinda Rajapaksa, which is dubbed as ‘world’s emptiest airport’ due to lack of flights. The final terms of the agreement are yet to be decided as Sri Lanka.

25 Countries In Global Banks’ ‘High Risk’ List

China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds. It comprises the largest group of investors in the Indian stock market. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny.

Oil prices: Main risk to Indian economy

According to MOODY’s survey Oil prices, Pace of Banks’ balance sheet clean-up and investment are the main risks to the Indian economy. These issues were raised at MOODY’s 4th annual India credit conference held at Mumbai and Singapore in June 2018. Banks have not been able to raise capital from equity market as planned under government’s recapitalization mesurer.

Golden Globe Race 2018

Commander Abhilash Tomy of the Indian Navy will be participating in the prestigious Golden Globe Race that commences from Les Sables d’Olonne harbour in France on 1st July. The uniqueness of the race is that use of GPS, satellite communication, navigational aids, etc is forbidden. Cdr Tomy will be sailing in sailing vessel ‘Thuriya’ has been built by M/s Aquarius Shipyard Ltd at Goa.

PSLV bags first Australian order

The Indian PSLV launcher has bagged its first order from Australian startup. Fleet Space Technologies, an IoT (Internet of Things) startup, said that its first 10-kg nanosatellite Centauri I would fly to space on a PSLV. The company is planning a series of 10-kg nanosatellites about the size of a shoebox to enable low-cost connectivity for agriculture, logistics, mining sectors.

FPI outflow hits 10-year high at Rs 48,000 cr

Overseas investors have pulled out nearly Rs 48,000 crore from Indian capital markets in the first 6 months of 2018, making it the steepest outflow in a decade. They withdrew Rs 41,433 crore from the debt markets & Rs 6,430 crore from equities during Jan-June period. This is only the second time, when FPIs had taken bearish stance on the capital markets in the first 6 months of the year.

Mumbai is 5th-least punctual airport : Report

According to the British aviation intelligence firm OAG, Mumbai is the fifth-least punctual airport in the world in terms of on-time performance out of 513 airports. Japan’s Nagoya Komaki airport was ranked the best with 94.5% on-time performance during the 12-month period. The top Indian airport on the list was Port Blair, which recorded 84.6 per cent on-time performance and ranked 65.

IISc to boost science start-up incubation

The Indian Institute of Science plans to open a research park at its Bengaluru facility within the next three years to incubate sci-tech companies. These parks would include simulators used for endoscopy, microsatellites to access the Internet at lower costs, a medical diagnostic kit. The institute collaborations with companies such as TCS, Volvo, Google, General Motors, Boeing etc.

Indian money in Swiss banks rises 50%

Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend. The surge comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad. The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge.

Chaudhary sets would record at ISSF 2018

Indian shooter Saurabh Chaudhary set a new world record on the way to winning a gold medal in the ISSF Junior World Cup 2018 in Suhl, Germany. Saurabh shot a total of 243.7 in the 10m air pistol event at International Shooting Sports Federation tournament. The junior world record prior to this was 242.5 by Chinese shooter Wang Zhehao at the first ISSF Junior World Cup in Sydney.

US Ambassador to UN Nikki Haley visits India

US Ambassador to the UN, Nikki Haley is on a 2-day visit to India. Haley will meet with senior Indian government officials, NGO leaders, and the interfaith community to underscore the United States’ shared values and a strong alliance with the people of India. She is the first Indian-American to serve in a Cabinet-level position in any US presidential administration.

Naval exercise RIMPAC to begin in Hawaii

The world’s largest biennial multilateral naval exercise Rim of the Pacific (RIMPAC) will begin on 27th June off cost Hawaii in the Western Pacific Ocean. Indian Naval Ship Sahyadri will participate in the 26th edition of RIMPAC exercise. India’s participation in the exercise provides a platform for increased interoperability and understanding of maritime security operations.

India records highest number of IPOs globally

Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised $3.9 billion. The exchanges account for 16% of the total issues in the first half of 2018. Out of 90 deals that listed, 15 listed both on NSE & BSE result in 93% of the total proceeds. The financial sector, infrastructure and consumer companies with strong growth continue to boost IPO activity.

Doodle celebrates Gauhar Jaan’s birthday

Google doodle features legendary musician and dancer Gauhar Jaan, the first Indian recording artist. Gauhar Jaan was born Angelina Yeoward to an Armenian Christian father and an Indian Jewish mother. She was born on 26 June 1873. She has over 200 records to her credit. ‘My Name Is Gauhar Jaan! The Life and Times of A Musician’ is a biography written by Vikram Sampath.

Oil India discovered hydrocarbon in KG Basin

Oil India Limited (OIL), a state-owned PSU has made its second hydrocarbon discovery in Krishna-Godavari (KG) Basin. Thanelanka-1 is the first high pressure-high temperature (HP-HT) well drilled by OIL. Earlier, the company made a gas discovery at Dangeru-l well in the block. In 2017-18, OIL produced 3.39 metric million tonnes (MMT) of crude oil and 2.93 billion cubic meters (BCM) of gas.

IIFA Awards 2018

Indian International Film Awards (IIFA), held in Bangkok, late star Sridevi won Best Actress (posthumously) for MOM. Irrfan Khan was given the Best Actor Award for Hindi Medium. Vidya Balan’s Tumhari Sulu was awarded the Best Film trophy. Saket Chaudhary was awarded the Best Director for Hindi Medium. Anupam Kher was awarded Outstanding Achievement by an Actor in Indian Cinema.

Mandeep Jangra won gold at Ulaanbaatar Cup

Mandeep Jangra has won the boxing gold at the Ulaanbaatar Cup 2018 in Mongolia. The Indian contingent amassed a total of 9 medals – 1 gold, 4 silver, and 4 bronze medals. Himanshu Sharma and Sonia Lather won the silver medal in their respective events. Mandeep Jangra earlier had won Commonwealth Games silver medal in 2014.

Sejwal won gold at Singapore Championships

Indian swimmer Sandeep Sejwal put up an impressive performance to clinch the gold medal in men’s 50m breaststroke event at the Singapore National Swimming Championships in Singapore. Sandeep broke the Singapore meet record with a timing of 27:59 sec to win the gold. He bettered his own time of 27.68 seconds in the semi-final by 0.09 sec. The SCNS was organized between 20 to 23rd June 2018.

First-ever nature-themed comic book

To foster love for nature & raise awareness about its protection among children, WWF-India has launched its first-ever comic book. ‘The Great Indian Nature Trail with Uncle Bikky’ follows the travels of its protagonists Uncle Bikky, Chunmun and their dog Duggu as they learn about wildlife across India. Book was launched by Bikram Grewal, author and Ravi Singh, Secretary and CEO, WWF-India.

Second Youngest Chess Grandmaster

R Praggnanandhaa made history by becoming the 2nd youngest chess grandmaster in the world by earning his 3rd GM norm during Gredine Open. Praggnanandhaa who is just 12 years, 10 months and 14 days old is also the youngest Indian Grandmaster. Ukraine’s Serget Karjakin remains the youngest ever Grandmaster. Viswanathan Anand, India’s first ever GM, was 18 years old when he earned his 3rd norm

Kalki to be conferred with French honour

Kalki Koechlin will be conferred with French distinction of Knight of the Order of Arts and Letters for her contribution in enhancing Indo-French ties in cinema. Kalki, who has French roots, has done films such as Dev.D, Zindagi Na Milegi Dobara & Shanghai to name a few. The honour comes in recognition of an actor, who has interpreted striking roles in the Indian film industry.

Indian peacekeepers in sudan awarded UN medal

The 7 Garhwal Rifles Infantry Battalion Group was awarded the United Nations Medal for selfless service in the peacekeeping mission in South Sudan. Indian Battalion played an active and decisive role in ensuring peace and stability in Jonglei State. India is a leading contributor to the United Nations Peacekeeping missions. India contributes over 6,000 troops in 14 missions across the world.

India’s 1st robotic telescope launched

The Indian Astronomical Observatory (IAO) at Hanle in Ladakh is Indian’s 1st robotic telescope & is the one of the world’s highest astronomical observatories at 4,500 m. It is a part of Global Relay of Observatories Watching Transients Happen (GROWTH) program along US, the UK, Japan, Germany, Taiwan and Israel. The telescope is designed to observe dynamic events in the universe.

FICCI awarded at X international IT forum

The Federation of Indian Chambers of Commerce & Industry (FICCI) was awareded at X International IT Forum at Khanty-Mansiysk, Russia. FICCI was awarded for its support and active participation at the forum, consecutively for two years. The forum brought together industry leaders from BRICS and SCO nations to interact in the fields of information technology and digital transformation.

Draft of cross-border insolvency norms

The Ministry of Corporate Affairs is planning to introduce a globally accepted and well-recognised cross-border insolvency framework. It will be fine-tuned to suit the needs of aspirational Indian economy. The Government has taken initiative for Cross-Border Insolvency within the Insolvency & Bankruptcy Code, 2016 (the Code) to provide a comprehensive legal framework.

Google to train 8000 Indian journalist

Google will provide training to 8,000 journalists in English and six other Indian languages on fact checking. Training workshops will be conducted in English, Hindi, Tamil, Telugu, Bengali, Marathi and Kannada. Google News Initiative India Training Network will select 200 journalists from cities across India and train them during 5 day train-the-trainer boot camps.

Nerella Venumadhav passes away

Father of Indian mimicry, Nerella Venu Madhav died after a brief illness at his home in Mattewada in Warangal city in Telangana. Venumadhav served as an MLC in 1971 in the undivided Andhra Pradesh. He rose to international fame after his enthralling performance at the United Nations. He has been conferred scores of awards, including the Padma Shri in 2001.

Delhi to run out of groundwater by 2020

At least 21 major Indian cities, including Delhi and Bengaluru, are expected to run out of groundwater by 2020. It will affect 100 million people, according to government think tank NITI Aayog report. It further stated that 40% Indian population will have no access to drinking water by 2030 and that India will lose 6% GDP by 2050 due to the crisis.

Year of Disabled Soldiers In Line of Duty

To honour soldiers who have been disabled in line of duty, while serving the Nation and to celebrate the undying spirit of ‘Soldiering’, Indian Army is observing the year 2018 as the ‘Year of Disabled Soldiers in Line of Duty’. The primary focus is towards alleviating the sufferings of these soldiers The endeavour this year is to provide a one-time financial assistance to disabled soldiers.

President visits Monument of Unknown soldier

President Ram Nath Kovind paid respect at the “Monument of Unknown Soldier” at Athens, Greece during his visit. The cemetery is made as a tribute to 74 Indian soldiers who lost their lives during World War II in Greece. He met PM Alexis Tsipras of Greece and emphasised on strong relations between the 2 nations.

Brazil & India firm most vulnerable to hikes

According to a report from Mckinsey Global Institute, a 200 basis-point increase in interest rate would spark a sharp price in corporate debt especially in case of Brazilian and Indian firms. This is seen as central banks of many emerging economies have raised interest rates, a similar thing done by RBI. It also said advanced economies would be protected from such increase of interest.

Yoga Camp at Muktinath Temple

The 4th international Yoga day in Nepal was celebrated by locals by participating at Yoga camp at Muktinath Temple at a height of 12500 feet above sea level. The yoga camp was organised by Indian embassy in Kathmandu. The International yoga day is celebrated on 21st June each year since 2015 and was declared unanimously by United Nations General Assembly.

Smriti Mandhana’s maiden Kia Super League

Indian T20I vice-captain Smriti Mandhana is set to become the first Indian to play in the Kia Super League (KSL), England’s domestic women’s T20 competition. Mandhana was selected by the “Western Storm” as their second overseas player. In 2017, Harmanpreet Kaur was picked by the Surrey Stars.

TCS close trading with over Rs 7 trillion

Tata Consultancy Services (TCS) became the first company to close the trading session with a market valuation of over Rs 7 trillion. The Mumbai-headquartered TCS had in April became the first Indian company to close the trading session with over $100 billion market valuation. TCS is the country’s most valued firm followed by Reliance Industries Ltd, HDFC Bank, HUL and ITC in the top 5 list.

NABARD releases book on Indian Crops

Shri Nitin Gadkari released a book ‘Water productivity mapping of major Indian crops’ published by NABARD. The book is based on a study of 10 important crops. The ten important crops include rice, wheat, maize, pulses, oilseeds, sugarcane, cotton and potato etc. The book suggests to realign cropping pattern keeping in view water scarcity of irrigation.

HDFC, 5th Biggest Consumer FSC: Forbes

Housing finance major HDFC has been ranked as the 5th biggest public company globally in the ‘consumer financial services category’ on a list compiled by Forbes magazine. HDFC’s rank has moved up from 7th place last year. American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.

Composite Water Management Index out

NITI Aayog has released a Composite Water Management Index (CWMI) of Indian states comprising 9 broad sectors with 28 different indicators covering various aspects. Gujarat topped the list while Jharkhand has been adjudged as the worst performer. Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra have been placed after Gujarat respectively.

Chess player withdraws from competition

Indian Grandmaster Soumya Swaminathan has withdrawn from the Asian Team Chess Championship to be held in Hamadan, Iran due to its hijab policy. According to country’s hijab policy, women are required to cover their head in public places, including at a sporting event. Previously, Indian pistol shooter Heena Sidhu had boycotted sporting championships due to the hijab law.

Malabar 2018 to conclude on June 16

The 22nd edition of the Malabar trilateral naval exercise of the US, Japan and India kicked off on June 7 at Guam in the Pacific Ocean and will continue till June 16. This is the first time that the prestigious Malabar exercise is being conducted off Guam, a major US Naval Base in the Western Pacific. The Malabar exercise started in 1992 between the Indian Navy and the US Navy.

SEBI panel to study direct overseas listing

The Securities and Exchange Board of India (SEBI) has constituted an expert committee to examine the possibillity of allowing unlisted Indian companies to do a direct equity listing overseas. The expert committee will comprise 9 members. Currently, Indian companies can only use the depository receipts route to list on the overseas exchanges.

Two frog species discovered

In a significant discovery, two species of frogs have been recorded in the Indian peninsular — Fejervarya kalinaga from the Eastern Ghats and Fejervarya krishnan from the Western Ghats. The Eastern Ghats species of Fejervarya kalinga attains significance since it is endemic to moist high altitude forest of the region. These new species are habitat specialists.

Murali became 2nd fastest Indian in 10,000 m

Young long-distance runner Gavit Murali Kumar bagged a gold in men’s 10,000 m race at the Gouden Spike meeting in Leiden, Netherlands. He became the second fastest Indian in this event. The 21-year-old Kumar, a bright talent from Gujarat, clocked a personal best of 28 minutes 43.34 seconds, the best by an Indian in the ongoing season.

India bagged 3 Medals At Boxing Tournament

Indian boxers bagged one Gold and two Silver medals at the Umakhanov Memorial Tournament in the Russian city of Kaspiysk. Saweety Boora won the coveted yellow metal in the Women’s 75 kg category after beating Anna Anfinogenova (Russia) in the Final. In the Men’s section, Brijesh Yadav in the 81 kg division and Virender Kumar in 91 kgs lost their Final bouts to settle for Silver medals.

Maldives’s deadline on taking back helicopters

Sushma Swaraj held a high-power meeting to discuss a deadline set by the Maldives for India to withdraw its helicopters gifted to the island nation. Tensions over the presence of the two Indian helicopters in two different strategically important locations in Laamu and Addu atolls have been growing. The Maldives has given India a deadline by the month-end to remove its helicopters.

India win 2018 Intercontinental Cup

The Indian national team lifted the 2018 Intercontinental football Cup by defeating Kenya 2-0. Both the goals were scored by India skipper Sunil Chhetri. Organised by the All India Football Federation (AIFF), the quadrangular tournament also featured New Zealand and Chinese Taipei.

Saxena appointed acting UPSC chief

UPSC member Arvind Saxena has been appointed as the acting Chairman of the commission from June 20. Saxena, a 1978-batch Indian Postal Service officer, will take over the charge from incumbent Vinay Mittal who completes his term at the Union Public Service Commission (UPSC) on June 19. Saxena joined the UPSC in May, 2015 after he completed his stint in the Aviation Research Centre (ARC).

India is 2nd highest sender of foreign student

With 1,86,000 Indian students currently studying in the United States, India is the second highest sender of foreign students to the US, next only to China. US consul general in Kolkata, Craig Hall, stated that the United States is the top destination for foreign students worldwide. The number of Indian students in the US has more than doubled in the last 10 years.

Anu Kumar wins men’s 800m at

Middle distance runner Anu Kumar claimed a gold in the men’s 800m and Arpandeep Kaur Bajwa grabbed a bronze in the women’s discus throw at the Junior Asian Athletics Championships. Indian athletes have already won three gold medals, one silver and nine bronze medals at the event. India won their third gold of the competition through Uttarakhand based runner Anu.

Indian government sent notice to Facebook

The Indian government has sent a notice to Facebook, demanding an explanation to reports that claimed the platform shared users’ personal data with 60 companies including Apple and Samsung. “The Government of India is deeply concerned about reports of such lapses/violations,” an official statement said. The company has been given time till June 20 to respond to the notice.

Uranium in Rajasthan groundwater

Many parts of Rajasthan may have high uranium levels in their groundwater. The main source of uranium contamination was “natural,” but human factors such as groundwater table decline and nitrate pollution could be worsening the problem. Uranium is not included in the list of contaminants monitored under the Bureau of Indian Standards’ Drinking Water Specifications.

1st Indian-made artillery gun ready

India’s first indigenous, long-range artillery gun ‘Dhanush’ has cleared its final test and is ready to be inducted into the Indian Army. Earlier this month, fifty rounds of shells each were fired from six Dhanush guns, which are reportedly called ‘desi Bofors’. The gun also passed the tests in cold, humid, and hot conditions.

U.S. team to join Indian Ocean study

A team of 20 scientists, along with a key vessel of the United States NOAA, is arriving in Goa. It will mark the expansion of U.S.-Indian collaboration in the study of the Indian Ocean. Subtle changes on the surface and deep below in the western Indian Ocean have significant impact on weather in India in days, and in the United States, two to four weeks later.

Consortium to help women entrepreneurs

The UN India Business Forum and the Women Entrepreneurial Platform of NITI Aayog formed a consortium to reduce gender disparities in start-up investments. It will provide mentorship and networking opportunities and accelerating financial and market linkages for women entrepreneurs. The consortium aims to strengthen women’s entrepreneurship by creating an enabling ecosystem for investments.

DAC approves procurement of radars

The Defence Acquisition Council (DAC) approved procurement of high powered radars for the Indian Air Force and air cushion vehicles for the Army and the Coast Guard together worth over Rs. 5,500 crore. The 12 high power radars will be procured indigenously under the ‘Buy (Indian) IDDM’ category. The radars will have the capability to scan 360 degrees without mechanical rotation of Antenna,

New course under GIAN launched

NITI Aayog has launched a new course on ‘Urban Analytics – Evaluating and Measuring Sustainability of Cities’ at IIT, Roorkee. The course was launched under Global Initiative on Academic Network (GIAN). The course will provide an understanding and analysis on the urbanisation and its impacts that would help in evaluating the conditions of sustainability in Indian cities.

Virat Kohli among highest-paid athletes

India cricket captain Virat Kohli is among the world’s highest-paid athletes, according to a Forbes’ report. Kohli, the only sportsperson from India to be featured in the list, is ranked 83rd with earnings of USD 24 million. The ‘World’s Highest-Paid Athletes 2018’ list is topped by 41-year-old Mayweather, with USD 285 million earnings.

China and India meet for fighting corruption

A six-member delegation of senior Chinese officials will meet their counterparts in Indian agencies. It is to deepen cooperation between the two countries on people wanted for corruption and asset recovery. During the Chinese presidency of G20 in 2016, the “High Level Principles on Cooperation on Persons Sought for Corruption and Asset Recovery” was initiated. India supported the initiative.

Asia’s first 13 ‘Blue Flag’ beaches

Environment-friendly, clean & equipped with amenities of international standards for tourists, 13 Indian beaches will soon get the Blue Flag certification. Beaches of Odisha, Maharashtra & other coastal states will be the 1st in not just India, but in Asia, to get the Blue Flag certification. The Indian beaches are being developed by the Society for Integrated Coastal Management (SICOM).

PM Modi’s three Nations visit concluded – II

Singapore: Modi launched three Indian digital payment systems – RuPay, BHIM app and UPI by SBI at the ‘Business, Innovation and Community Event’ in Singapore. PM Modi held wide-ranging talks with his Singaporean counterpart Lee Hsien Loong and delivered a keynote address at the Shangri-La Dialogue. He is the first Indian Prime Minister to address the Shangri-La Dialogue.

Indian Navy sends ship to Socotra island

Indian Navy launched ‘Operation Nistar’ to evacuate 38 stranded Indians around Socotra island located close to the horn of Africa between the Gulf of Aden and the Arabian Sea. The Navy has already deployed its ship INS Sunayna as part of the ‘operation Nistar’ to evacuate the Indians. Indian seafarers have been stranded due to Cyclone Mekunu.

Bengaluru’s IISc makes it to top 100

Indian Institute of Science (IISc) in Bengaluru has made it to the top 100 universities in the Times Higher Education’s World Reputation Rankings 2018. Ranked in the 91-100 band, it is the only Indian institution to make it to the prestigious list this year. The list topped by American universities Harvard, MIT & Stanford, with the United Kingdom’s Cambridge & Oxford completing the top 5.

IMD launched new ensemble prediction systems

India Meteorological Department has launched a new Ensemble Prediction Systems to provide probabilistic weather forecasts up to the next 10 days. Ensemble forecasting provides localized predictions of a 12 km resolution compared to 23 km in the earlier system. It has been developed jointly by Indian Institute of Tropical Meteorology & National Centre for Medium-Range Weather Forecasting.

India’s most profitable PSU

Indian Oil Corporation has for the second year in a row beaten ONGC to become India’s most profitable state-owned company. IOC which has for decades been India’s biggest company by turnover posted a record net profit of Rs 21,346 crore in the fiscal year ended March 31, 2018. Reliance Industries retained the crown of being India’s most profitable company for the third year in a row.

Indian economy grew 7.7%

The Indian economy grew 7.7% in the January-March quarter of 2017-18 on account of robust performance in manufacturing, construction and service sectors as well as good farm output according to the Central Statistics Office. However, the economic growth slowed to 6.7% in 2017-18 compared to 7.1% in 2016-17. The previous high GDP growth of 8.1% was recorded in April-June quarter of 2016-17.

New Northern Army Commander

Lt Gen Ranbir Singh has been appointed as the new Northern Army commander. Lt Gen Singh succeeds Lt Gen Anbu who has been appointed as the Vice-Chief of the Indian Army. Lt Gen Ranbir Singh was the Director-General of Military Operations (DGMO) when India carried out surgical strikes across the Line of Control (LoC) in Jammu and Kashmir.

Discus thrower Vikas Gowda retires

Top Indian discus thrower Vikas Gowda has retired after competing at the highest level for more than 15 years. Gowda, who holds the national record of 66.28m, is one of the most decorated Indian athlete, having won a gold in the 2013 and 2015 Asian Championships. Awarded the Padma Shri in 2017, Gowda became the second Indian in 56 years to win an athletics gold at the CWG.

MD Mallya appointed as independent director

ICICI Bank has appointed MD Mallya as an additional independent director on the board. Mallya in the past has served as the managing director & chairman of Bank of Baroda. Mallya’s tenure is for a period of 5 years, it is subjected to the approval of shareholders. Mallya was also engaged extensively with the government as Indian Banks’ Association chairman.

Approval for petrol, diesel futures

The oil ministry has given its in-principle approval for futures trading in petrol as well as diesel. The Indian Commodity Exchange (ICEX) had approached SEBI seeking its nod to launch petrol and diesel futures contracts. The contracts are expected to help hedge against volatility in oil prices.

First Indian to receive Linnean Medal

Indian botanist Kamaljit Bawa received the Linnean Medal in Botany from Linnean Society of London. Bawa is the 1st Indian to win the award ever since it was constituted in 1888. He was recognised for his pioneering research on evolution of tropical plants, tropical deforestation & non-timber forest products. Linnean Medal is awarded to a biologist every year by the Linnean Society of London

Yuvraj awarded the icon of the year award

Indian star cricketer Yuvraj Singh has been awarded the ‘most inspiring icon of the year for Social Welfare”. The award was given by the Dadasaheb Phalke International Film Festival for his exemplary contribution in the field of social welfare. Yuvraj opened his foundation ‘YouWeCan’ that focuses on creating cancer awareness.

NIC launched fourth data centre in Bhubaneswar

Bhubaneswar has become the fourth National data centre of National Informatics Centre (NIC) after Delhi, Hyderabad and Pune. The new cloud-enabled National Data Centre aims to offer round-the-clock operations with secure hosting for various e-governance applications of Central and State Governments. Almost all Indian-government websites are developed and managed by NIC.

Oldest Indian woman to scale Mount Everest

Sangeeta Bahl, at the age of 53 has become the oldest Indian woman to scale the Mount Everest. She scaled the peak on May 19, 2018, with the help of 2 Sherpas and was felicitated at the Indian embassy in Kathmandu. She carried a banner to the peak advocating early detection of breast cancer in women & funding for the same. She has already conquered 6 out of the 7 highest peaks of the world.

Chennai Super Kings lift their 3rd IPL title

Chennai Super Kings lifted their third Indian Premier League title after defeating Sunrisers Hyderabad by eight wickets in Mumbai. Shane Watson’s century helped Chennai to defeat Hyderabad. Shane Watson was declared as Man of the Match.

Ireland overturns abortion ban

Ireland has voted overwhelmingly in a referendum to overturn the abortion ban. Result was a landslide 66.4% ‘yes’ vote against 33.6% who voted ‘no’. Currently, abortion is only allowed when a woman’s life is at risk, but not in cases of rape, incest or fatal foetal abnormality. One of the key cases influencing the debate on abortion in Ireland was that of Indian dentist Savita Halappanavar.

Rustom-2 drone to be delivered by 2020

The Rustom-II Unmanned Aerial Vehicle, which is being developed by Defence Research and Development Organisation (DRDO), will be delivered to the armed forces by 2020. The drone is being developed for use by all 3 services of Indian Armed Forces, primarily for intelligence, surveillance and reconnaissance operations. It can fly at around 280 km/h and carry a variety of payloads.

First company to achieve Rs 7 lakh crore m-cap

Tata Consultancy Services’ market valuation briefly crossed the Rs 7-lakh crore mark on May 25, 2018, making it the first company to achieve this milestone. TCS is the country’s most valued firm, followed by Reliance Industries, HDFC Bank and Hindustan Unilever Limited. TCS recently became the first Indian company to close the trading session with over USD 100 billion market valuation.

Indian Navy commissioned the fourth LCU

Indian Navy has commissioned IN LCU L54, the 4th ship of Landing Craft Utility MK-IV, into its fleet at Port Blair. It has been indigenously designed & built by Garden Reach Shipbuilders and Engineers.It can be deployed for multi-role activities like disaster relief operations and evacuation from distant islands. A total of 8 vessels in the class are planned to be built for the Indian Navy