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Monday, May 9, 2022

DAILY CA : 6,7 MAY

DAILY CA : 6,7 MAY

1.             INDIA’S FLOW CHEMISTRY TECHNOLOGY HUB SET UP AT HYDERABAD

·               The Government of Telangana in collaboration with the pharmaceuticals majors Dr. Reddy’s Laboratory and Laurus Labs along with academia has set up India’s first-of-its-kind Flow Chemistry Technology Hub (FCT Hub) at Dr. Reddy’s Institute of Life Sciences (DRILS) Hyderabad, Telangana.

·               Objective is To incorporate and promote efficient and sustainable technologies in the pharmaceutical sector.

 

2.             SKILL MINISTRY LAUNCHES ISRO TECHNICAL TRAINING PROGRAMME

·               The Ministry of Skill Development and Entrepreneurship (MSDE) signs a Memorandum of Understanding (MoU) with the Indian Space Research Organisation (ISRO) to upskill the technical staff at the Department of Space (DoS) in ISRO. It will be valid for a period of 5 years.

·               Under this, more than 4000 ISRO technical employees will be trained in the programme. 

 

3.             FAO’S GLOBAL REPORT ON FOOD CRISES 2022

·               Global Report titled “Global Report on Food Crises 2022: Joint analysis for better decisions” (GRFC 2022),  jointly produced FAO ,the World Food Programme (WFP), and the European Union (EU), states that around 193 million people in 53 countries suffered acute food insecurity in 2021 due to conflict, weather extremes, and the economic effects of the coronavirus pandemic.

·               This represents an increase of around 40 million people compared to 2020, reported in GRFC 2021. 

 

4.             HIGHLIGHTS OF RBI’S MONETARY POLICY COMMITTEE OFF-CYCLE MEETING

·               The meeting saw the rise in policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40% with immediate effect, amid rising inflationary pressures in the economy.

·               Consequently, the Standing Deposit Facility (SDF) rate stands adjusted to 4.15% and the Marginal Standing Facility (MSF) rate and the Bank Rate to 4.65%.

·               Cash Reserve Ratio (CRR) hiked by 50 bps to 4.5% w.e.f. May 21, 2022.

·               This would drain Rs 87,000 crore of liquidity from the banking system.

 

5.             ISRO PLANS MISSION TO VENUS BY DECEMBER 2024

·               At the inaugural session of the National Meet on Venus Science, Chairman of the Indian Space Research Organisation (ISRO), S. Somnath, announced a Mission to Venus, the hottest planet in the solar system, by December 2024 

·               ISRO will also study active volcanism, lightning, craters, the presence of oxygen, Venus’ geology, and other topics as part of this mission. The next similar window would be available in 2031.

 

6.             ANNUAL ICC TEAM RANKINGS 2022

·               Australia have consolidated their top position in the ICC men’s Test team rankings (India 2nd)

·               India remain the No.1 teams in the T20I (Twenty 20 Internationals)

·               New Zealand remain the No.1 teams ODI (One Day International) rankings (India 4th)

·               India under the captaincy of Rohit Sharma finished the 2021-22 season as the world’s number one ranked T20 team.

 

7.             AYUSHMAN BHARAT DIWAS 2022 – APRIL 30 

·               Ayushman Bharat Diwas is annually observed across India on 30th April as a part of the Gram Swaraj Abhiyan.

·               The Ayushman Bharat (“Healthy India”) Yojana is a national initiative launched by Prime Minister (PM) of India Narendra Modi as a part of the National Health Policy 2017 with the vision to achieve Universal Health Coverage (UHC).

·               Prime Minister Narendra Modi launched PM-JAY, the largest health assurance scheme in the world fully financed by the government, on 23rd September 2018 in Ranchi, Jharkhand. 

·               This aims to provide health cover of Rs 5 lakhs per family per year for secondary and tertiary care hospitalization to over 10.74 crores of poor and vulnerable families (approximately 50 crore beneficiaries) that form the bottom 40% of the Indian population.

 

8.             INDIA’S SOLAR INSTALLATIONS CROSSED A RECORD 10 GW CAPACITY IN 2021

·               India installed a record 10 GW of new solar capacity in 2021, a big jump of 210% year-over-year (YoY) compared to 3.2 GW installed in 2020, according to Mercom India Research’s recently released Q4 & Annual India Solar Market Update report.

·               The cumulative installed solar capacity stood at 49.3 GW. The country also has a development pipeline of over 53 GW.

·               In 2021, Rajasthan added the highest utility-scale solar capacity with 4.5 GW, followed by Gujarat with 1.2 GW and Uttar Pradesh with 885 MW. The top three states in 2021 contributed to around 79% of the installations in 2021.

·               India’s installed renewable energy capacity, including large hydro projects, stood at 150.9 GW, accounting for a 38.4% share in the overall power mix at the end of December 2021. 

 

9.             PM NARENDRA MODI VISIT TO GERMANY, DENMARK AND FRANCE 

·               In the first leg of his visit, he visited Germany, and held bilateral talks with Olaf Scholz, Federal Chancellor of Germany in Berlin to enhance and intensify cooperation in a broad range of areas.

·               He visited Denmark at the invitation of its PM Ms.Mette Frederiksen. There he participated in the 2nd India-Nordic Summit which was hosted by Denmark.

·               PM Narendra Modi paid a brief visit in Paris to meet Mr. Emmanuel Macron, President of France as both nations are celebrating 75 years of their diplomatic relations in 2022.

 

10.          AWL BECOMES INDIA’S LARGEST FMCG COMPANY SURPASSING HUL

·               Adani Wilmar Limited (AWL) became the largest Fast Moving Consumer Goods Company (FMCG) in India beating Hindustan Unilever Limited (HUL)

·               AWL has reported the total operational revenue of Rs 54,214 crore in the Financial Year 2022 whereas HUL reported the revenue of Rs 51,468 crore in the Financial Year (FY) 2021-22.

·               Adani Wilmar Ltd (AWL) announced the acquisition of several brands, including the renowned ‘Kohinoor’ brand from McCormick Switzerland GMBH, Z√úRICH, Switzerland to strengthen its leadership in the food business.

·               Adani Wilmar, a 50:50 joint venture between business conglomerate Adani Group and Singapore-based Wilmar, recently got listed on the stock exchange after raising Rs 3,600 crore through an Initial Public Offer (IPO).

 

11.          2022 WORLD FOOD PRIZE

·               The Des Moines-based World Food Prize Foundation has conferred the World Food Prize 2022 to National Aeronautics and Space Administration’s (NASA) Cynthia Rosenzweig, an American agronomist and climatologist, in recognition of her modelling of the climate crisis’ impact on food production

·               World Food Prize was founded by Nobel Peace Prize Laureate(1970), Norman E Borlaug in 1986. 

·               The inaugural world Food Prize was presented to M S Swaminathan of India in 1987.

·               According to the World Food Prize Foundation, the World Food Prize is a prestigious International award conceived as the “Nobel Prize for Food and Agriculture”.

 

12.          RUSSIA LAUNCHES A SECRET MILITARY SPACECRAFT IN THE ORBIT OF EARTH

·               Russia has launched a secret military spacecraft into orbit around the Earth using Russia’s new Angara 1.2 rocket,a light launch vehicle.

·               It is Likely a top secret radar military satellite system for use in the war in Ukraine.

·               Russia Currency Name – Russian Ruble 

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