Tuesday, July 7, 2015

Starred Articles

Prime Minister's 'Digital India' move hailed by the industry
Politics and Government > Digital India
Top industrialists of the country have promised to donate around Rs. 1.13 lakh crore for Prime Minister Narendra Modi's 'Digital India' move, which the industry believes has the potential to bridge divide in important fields like education, healthcare and irrigation sectors. The 'Digital India' move has the potential to create approximately 18 lakh jobs throughout the country and also create a knowledgeable society. One of the main purposes of the move is to make available digitally all government functions and services.

Greek voters reject bailout package, finance minister quits
World > Greece crisis
The citizens of Greece have voted a 'no' for a bailout package, which would rescue the debt ridden country from economic hardships. A total of 61.3% voters voted a 'no' compared to the 38.7% who voted 'yes' in favour of the bailout. The ruling party 'Syriza' had campaigned for a 'no' stating that the austere bailout terms were humiliating for the country. The government has given a statement that they will try negotiating with creditors for a more acceptable offer. Eurozone leaders have asked Greek authorities to make “serious” proposals at an emergency summit if it wants to stay in the currency union. Greek banks will stay shut on Tuesday and Wednesday, although it is doubtful whether they will be able to reopen on Thursday, as money drains out of the financial system.
Meanwhile, the finance minister of Greece Yanis Varoufakis resigned on Monday. The minister had come under the scanner for his unconventional style of working.

US win its third Women's Soccer World Cup
Sports > Women's Soccer World Cup
The United States of America defeated defending champions Japan 5-2 to lift the title of the Women's Soccer World Cup at Vancouver, British Columbia. The US last won the trophy in 1999. Sunday's win is their third World Cup title the first being in the year 1991. Carli Lloyd scored 3 goals for the Americans and was widely praised for her performance.


Indian Army launches Operation Shiva to secure the Amarnath Yatra road
India > Defence and Security
In order to provide security to thousands of devotees who visit the holy shrine of Amarnath every year, the Indian Army launched Operation Shiva on the Amarnath Yatra road in the 1st week of July. The Yatra started on the 2nd of July this year and the operation was launched based on intelligence reports that said terrorists are reportedly planning an attack on the Yatra road, which is infamous for militant activities that have occurred through the past couple of decades. The operation will include several cadres of the army such as - Rashtriya Rifles unit, Unmanned Aerial Vehicles (UAVs), Infantry Unit of Army, companies of Paramilitary Forces, CRPF and BSF.

PM Modi to inaugurate 46th Indian Labour Conference
India > 46th Indian Labour Conference 
The government is all set to host the 46th Indian Labour Conference on the 17th of July, 2015, which will be inaugurated by Prime Minister Narendra Modi. The conference is important in the light of recent amendments to labour laws, which are important for the government's 'Make in India' initiative. Meanwhile, the trade unions are unhappy with the recent changes to labour laws and around 11 of them have threatened to go on a strike in protest of the changes.

Government launches MUDRA Card based on the Rupay platform
Banking and Insurance > MUDRA Card
The Corporation bank has issued MUDRA Cards based on the Rupay platform for the Central Government's Pradhan Mantri MUDRA Yojana (PMMY). The (PMMY) aims to fund non-banking micro units under the manufacturing, trading and services sectors with affordable credit up to Rs. 10 lakh. The Yojana offers three types of loans to entrepreneurs based on their capability to repay. The MUDRA card will help facilitate the withdrawal of funds for the micro entrepreneurs.

Unmarried women allowed to raise a child says landmark SC judgement
India > Law and Order
In a landmark verdict, the Supreme Court has ordered that an unmarried woman would not need the consent of the father to raise her child. The order has come on the back of a petition filed by a government employee who challenged the rule necessitating the disclosure of the father's identity while demanding sole guardianship of their child. A trial court had earlier rejected her demand for sole guardianship, which she later challenged in the apex court. The judgement was hailed as progressive for Indian judiciary by many people on various social media platforms.

NASA unveils boomerang shaped plane to fly on Mars
Science and Technology > Space Research
The National Aeronautical and Space Association (NASA) has unveiled a boomerang shaped air-plane that will fly to Mars, and discover potential landing sites for future missions. The plane, Preliminary Research Aerodynamic Design To Land On Mars (PRANDTL-M), will be launched from a balloon at a n altitude of 100,000 feet by the end of this year. The PRANDTL-M will leave the Earth's orbit by the year 2022-2024 to explore the Martian territory.

ISRO to launch heaviest commercial mission on the 10th of July
Science and Technology > ISRO
The Indian Space Research Organisation (ISRO) will launch five British satellites on the 10th of July 2015. All the five satellites combined together weigh approximately 1440 kg, which is ISRO's heaviest mission till date. Scientists have successfully mounted the satellites on Polar Satellite Launch Vehicles (PSLV), and they will be launched from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.

New Board to be set up for Public Sector Banks' review
Banking and Insurance > Public Sector Banks' review

The government is all set to start a public sector bank board, which will consolidate and regulate all state owned banks. One of the important agendas of the new board would be to recommend mergers for small banks who are not able to make profits. The setting up of such a board was recommended by Finance Minister Arun Jaitley for better administration of PSU banks.


Post a Comment