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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.
Others
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.
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