Companies will be able to use CSR funds for ‘Har Ghar Tiranga’ campaign

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1.PM lays foundation stone of IFSCA Headquarters at GIFT City in Gandhinagar

The Prime Minister , Shri Narendra Modi , laid the foundation stone of the Headquarters Building of the International Financial Services Center Authority (IFSCA) at GIFT City, Gandhinagar . He also launched India’s first international bullion exchange India International Bullion Exchange (IIBXF) at GIFT-IFSC. He also launched NSE IFSC-SGX Connect . On this occasion the Chief Minister of Gujarat, Shri Bhupendrabhai Patel , Union Minister Smt. Nirmala SitharamanMinisters of the Central Government and State Governments, diplomats, business stalwarts were present. ifsca; The International Financial Services Centers (IFSCs) in India are the unified regulator for the development and regulation of financial products, financial services and financial institutions. The building is designed as an iconic structure, reflecting the growing importance of GIFT-IFSC as a leading international financial centre. IIBX Apart from promoting gold finance in India, Several new initiatives were also announced, including the launch of services in India for three top global banks, Deutsche Bank, JP Morgan Chase Bank, MUFG Bank. The Indian Regional Office of the New Development Bank will also be set up in GIFT City. The International Financial Services Center Authority signed MoUs with the regulatory authorities of Singapore, Luxembourg, Qatar and Sweden in the presence of the Prime Minister.

2.Trilateral meeting of India, France and UAE held in New Delhi

The trilateral meeting of India, France and the United Arab Emirates was held in New Delhi . The three sides shared views on key areas related to the Indo-Pacific region . Cultural and people-to-people contacts, including maritime security, humanitarian aid and disaster relief, fisheries, regional connectivity, multilateral cooperation, energy and food security, innovation and startups, accommodating supply chains, were discussed. Future measures to enhance trilateral cooperation in the Indo-Pacific region were also discussed. The Indian side was led by Sandeep Chakraborty , Joint Secretary, Western Europe, and Joint Secretary, Gulf, Vipul , in the Ministry of External Affairs.

3.With the efforts of National Tiger Conservation Authority, the number of tigers in the country almost doubled in the period from 2014 to 2018-19.

On International Tiger Day , Environment, Forest and Climate Change Minister Bhupendra Yadav has expressed happiness that due to the efforts of National Tiger Conservation Authority , the number of tigers in the country has almost doubled in the period from 2014 to 2018-19 . He said that the number of tiger reserves has increased from nine to fifty-two. Shri Yadav said that at present there are two thousand nine hundred 67 tigers in the country, which is 75 percent of the total tiger population in the world . He called upon the people to take a pledge to spread awareness about the conservation of tigers.

4.Defense Minister Rajnath Singh announces to increase financial assistance to orphan children of ex-servicemen

Defense Minister Rajnath Singh announced to increase the financial assistance to the orphan children of ex-servicemen from Rs 1,000 to Rs 3,000 per month . In a tweet today, Shri Rajnath Singh said that financial assistance is given under the orphan grant scheme of Defense Minister Ex-Servicemen Welfare Fund.

5.To encourage crafts and tourism at one place, 8 craft villages were taken up under ‘Linking Textiles to Tourism’

Major tourist destinations are being linked to handicraft clusters and infrastructure support is being proposed with programs like ‘ Linking Textiles to Tourism ‘ and awareness. In this regard 8 craft villages of Raghurajpur (Odisha), Tirupati (Andhra Pradesh), Vadaj (Gujarat), Naini (Uttar Pradesh), Anegundi (Karnataka), Mahabalipuram (Tamil Nadu), Tajganj (Uttar Pradesh), Amer (Rajasthan)For holistic development, in which craft promotion and tourism development are being done at one place. The crafts will collectively develop the village handcrafts as a sustainable and profitable livelihood option for the artisans and thereby protect the rich artisan heritage of the country. Through this program 1,000 artisans across the country will get direct benefits. This program has also increased the number of tourists visiting these craft villages.

6.National Global Tiger Day Celebration 2022 hosted by Tadoba Tiger Reserve, Maharashtra

The Union Minister of Environment, Forest and Climate Change, Shri Bhupendra Yadav and the Union Minister of State for Environment, Forest and Climate Change, Shri Ashwini Kumar Choubey , attended the celebration of Global Tiger Day 2022 at Chandrapur Forest Academy , Maharashtra . The two ministers along with other representatives visited the ‘ Tadoba Andhari Tiger Reserve ‘ and appreciated the diversity of its landscape, flora and fauna. The Tadoba Andhari Tiger Reserve has a high number of tigers, which live side by side with the local population. Mr. Yadav M-StripesPraised the dedication spirit of the staff there for patrolling and carrying out legal activities with the help of mobile application named. He also lauded the unique community-based eco-tourism ideal that provides employment to the local people and garners people’s support for the sanctuary. Global Tiger Day celebrations were celebrated at Forest Academy, Chandrapur.

7.Mozambique’s parliamentary delegation calls on the President

Parliamentary Delegation from Mozambique led by the Speaker of the Assembly of the Republic of Mozambique, Ms. Esperanca Lourinda Francisco Niuean Bias called on the President, Mrs. Draupadi Murmu at Rashtrapati Bhavan (July 29, 2022) . Welcoming the delegation, the President said that he was pleased to welcome them to Rashtrapati Bhavan as the first international delegation after assuming office on 25 July 2022. He said that India and Mozambique enjoy close friendly relations with high level of regular exchanges between the two countries. The President said that Mozambique is our strategic partner and close ally. Indian companies have invested around US$10 billion in Mozambique’s natural gas and mining sectors.

8.Companies will be able to use CSR funds for ‘Har Ghar Tiranga’ campaign

Recently, the government announced for companies to spend CSR funds on activities related to the ‘ Har Ghar Tiranga ‘ campaign. The government is organizing “Har Ghar Tiranga Abhiyan” as a part of Azadi Ka Amrit Mahotsav . The campaign aims to encourage people to hoist the national flag at their home to celebrate the 75th year of India’s independence . Certain classes of for-profit companies shall be allowed at least 2% of their annual average net profit as per the Companies Act, 2013 .It is imperative to shift to CSR activities. As per the government circular, the CSR funds will be spent for activities related to the Har Ghar Tiranga Abhiyan, including mass production and supply of the national flag, promotion efforts and other related activities. These activities are eligible for CSR funds as per the provisions of Schedule VII of the Companies Act. Schedule VII deals with promotion of education related to culture and CSR activities.

9.Mexico ranked top in terms of migrants in “Expat Insider 2022 Survey”

Mexico has been placed at the top position in terms of migrants in the “ Expat Insider 2022 Survey ” . It is followed by Indonesia and Taiwan . The Expat Insider 2022 survey was conducted by InterNations from February 1 to 28, 2022 . This survey 52 countrieswas held in. The top 10 countries for expatriates are: Mexico, Indonesia, Taiwan, Portugal, Spain, UAE, Vietnam, Thailand, Australia and Singapore (in that order). Expatriates are happy with personal finance in Mexico. But they are unhappy with the low quality of life in Indonesia. In Taiwan, they find high quality of life, ease of personal finances and ease of settling down. The US is ranked 14th, Canada at 23rd, while the United Kingdom is ranked 37th, down from India (36th) . The bottom 10 countries for expatriates are Kuwait, New Zealand, Hong Kong, Cyprus, Luxembourg, Japan, South Africa, Turkey, Italy and Malta. Hong Kong, New Zealand and Kuwait have become the worst places for migrants.

10.BSNL and BBNL will be merged

The Union Cabinet has recently approved the merger of Bharat Broadband Network Limited (BBNL) with Bharat Sanchar Nigam Limited (BSNL) .Approved. BSNL will work as the executive branch of the government and the assets will be owned by the government. Presently, BSNL has an optical fiber cable network of over 6.83 lakh kms. With the merger of BSNL and BBNL, BSNL will get 5.67 lakh km of additional optical fiber. 67 lakh km of optical fiber has been laid in 1.85 lakh gram panchayats of India using Universal Service Obligation Fund (USOF). USOF is a strong reserve of Rs 55,000 crore, designed to provide connectivity to rural and remote areas of India. The merger of BBNL with BSNL was first announced in April 2022. BBNL is a Special Purpose Vehicle (SPV), which was set up to implement the BharatNet project.

11.Haryana Chief Minister Manohar Lal Khattar launches Smart E-beat in Gurugram

Haryana Chief Minister Manohar Lal Khattar launched Smart E-Beat in Gurugramstarted of. 119 motorbike riders of the police will patrol the entire city. He flagged off 119 motorcycle riders of the police connected with this system. These riders will be monitoring every corner of the city. The Chief Minister said that with this launch, the beat system of the police has been completely digitised. The new e-beat system will cover all 33 police station areas located in urban areas. In these, 119 motorcycle riders will be deployed. There will be two policemen on each motorcycle rider. In this sense, 714 policemen will give duty on the rider in three shifts a day. Police have identified 2056 vulnerable places in the city, including ATMs, petrol pumps, senior citizens’ homes, colleges, crime-affected areas, etc.

12.Roshni Nadar is India’s richest woman for the second year in a row

Kotak Private Banking and Hurun India have launched the third edition of the Leading Wealthy Women list on July 27, 2022, based on the net worth of women as of December 31, 2021 . According to the list of richest women in India, HCL Technologies chairperson Roshni Nadar MalhotraShe is the richest woman in the country for the second time in a row, with a net worth of Rs 84,330 crore. Falguni Nair, who came second only to Malhotra in the list of richest women in India, overtook Biocon chairperson Kiran Mazumdar Shaw to become the richest self-made woman with a net worth of Rs 57,520 crore. Falguni Nair is the founder and CEO of beauty e-commerce platform Nykaa. The list of 100 women has only three Indian women, defined as born or raised in India, actively managing their businesses or self-made. The cumulative wealth of these 100 women has increased by 53 per cent in a year to Rs 4.16 lakh crore in 2021 from Rs 2.72 lakh crore in 2020.

13.Defense Ministry signs 100th contract for defense innovation under IDEX initiative

IDEX (Innovations for Defense Excellence) , a flagship initiative of the Department of Defense Production , Ministry of Defence, has achieved a milestone by signing its 100th contract on July 26, 2022 . The Idex Framework was launched in 2018 by Hon’ble Prime Minister Shri Narendra Modi with the objective that it will provide a platform for co-creation and co-development in the defense sector, connect start-ups to contribute in the defense sector and promote defense and security in the country. Will develop the aerospace setup. Idex is being implemented by the Defense Innovation Organization (DIO) under the Department of Defense Production, Ministry of Defence.

14.RBI allows Piramal Enterprises to start NBFC business

The Reserve Bank of India (RBI) has permitted Piramal Enterprises to commence business as an NBFC . A license is required to start an NBFC that does not accept public deposits. RBI has provided a certificate of registration to the company from which it can start functioning as a non-banking financial institution without taking deposits from the general public.

15.HDFC Bank will join the club of top 10 banks in the world after the merger.

HDFC Bank and housing finance company ADFC are going to merge, which has already been announced. As the two financial institutions of the HDFC group merge, HDFC Bank joins the club of top 10 banks in the world.Will happen. Currently, HDFC Bank has a market cap of $108 billion. Recently HDFC Bank surpassed Citibank which was ranked 17th with a value of $100.5 billion. The country’s largest state-run bank SBI is ranked 32nd in the club of top banks with a market value of $57 billion. Currently, HDFC Bank has a market cap of $108 billion and HDFC’s market cap is $52 billion. But as soon as HDFC is merged with HDFC Bank, the market cap of the new HDFC Bank formed after the merger will exceed $160 billion. This will be the first time that an Indian bank will be included in the list of top 10 banks in the world. At present, JP Morgan Chase is in the first place with a value of $337 billion. So Bank of America with a value of $269 billion is in second place, China’s ICBC is at third place with a value of $221 billion.

16.TRAI trials 5G preparations at Bhopal, Delhi Airport, Kandla Port and Bangalore Metro

The Telecom Regulatory Authority of India (TRAI) has conducted 5G preparedness trials at Bhopal Smart City, GMR International Airport in New Delhi, Deendayal Port Kandla and Namma Metro Bengaluru . TRAI said that the pilot project was started in view of the small cell testing. TRAI said in a release that it is testing the 5G network at four locations across the country. With this, GMR International Airport has become the first airport in the country to have tested 5G readiness. Let us tell you that this test has been done keeping this purpose in mind, so that there is no problem in the connectivity of 5G.

17.Central government notifies new health warnings specified on packets of tobacco products

The Union Ministry of Health and Family Welfare has notified a new pattern of health warnings specified on the packets of all types of tobacco products . For this , the Cigarettes and Other Tobacco Products (Packaging and Labelling) Rules, 2008 have been amended vide GSR 592(E) dated 21st July, 2022. The amendment is “ The Cigarettes and Other Tobacco Products (Packaging and Labelling) Third Amendment Rules, 2022 ”. The amended rules will be effective from December 1, 2022 . All tobacco products, manufactured or imported or packaged on or after December 1, 2022 , with photo-1 on them as ‘ Tobacco means Traumatic Death ‘ ‘ health warning will be printed. All products manufactured or imported or packaged on or after December 1, 2023 , shall be accompanied by a photo-2 bearing a health warning titled ” Tobacco consumption means premature death “.

18.Asia Cup 2022 to be played in UAE instead of Sri Lanka

According to the Asian Cricket Council (ACC) , the Asia Cup 2022 will now be held in the United Arab Emirates (UAE) . Earlier this event was to be held in Sri Lanka . However, due to the economic crisis in the island nation, the tournament has been moved to the United Arab Emirates. But the hosting rights of the game will still remain with Sri Lanka. This tournament will be played in T20 format from 27 August to 11 September 2022. This is the second time in a row that this tournament will be played in the UAE. India last captured the title in 2018 by defeating Bangladesh. At that time the command of the Indian team was in the hands of Rohit Sharma. Let us tell you that the Asia Cup has been organized thrice in the UAE before and Team India has won every time.

19.international tiger day

International Tiger Day is celebrated every year on 29 July . The main purpose of celebrating this day is to spread awareness for the conservation of tigers and to save their endangered species at the global level. Its goal is to promote a global system to protect the natural habitats of tigers and to increase public awareness and support for tiger conservation issues. This year’s theme for International Tiger Day 2022 is ” India launches Project Tiger to revive the tiger population “.

20.Nobel laureate David Trimble dies

David Trimble , the former First Minister of Northern Ireland and Nobel Peace Prize laureate , has died at the age of 77. Trimble is also considered the architect of the quelling of bloody violence in Northern Ireland and the Good Friday Deal of 1998. Trimble was awarded the Nobel Peace Prize for pacifying the ongoing violence in Northern Ireland to break away from the UK.