Defense
1. India successfully tests Short-Range Ballistic Missile Prithvi-II
- India has tested Short-Range Ballistic Missile, Prithvi-II from an integrated test range in Chandipur, Odisha.
- This missile system is capable of striking targets with a very high degree of precision.
- It is an indigenously developed, surface-to-surface missile.
- Range: 250 km and can carry one-ton payload.
- It is powered by liquid propulsion twin engines.
- Recently, India has also tested the nuclear-capable Agni-4 ballistic missile in Odisha.
Agreement
2. LinkedIn join hands with UN Women to create employment for women
- LinkedIn has invested $5,00,000 (₹3.88 crore) in association with UN Women to create employment opportunities for women.
- The pilot project will launch in Maharashtra to cultivate the digital, soft and employability skills of 2,000 women.
- After the completion of 15-month of the pilot project, the UN Women and LinkedIn will incorporate lessons learned and evaluative feedback.
- LinkedIn HQ: Sunnyvale, California, United States
- UN Women HQ: New York, United States
Obituaries
3. Renowned critic and linguist Professor Gopi Chand Narang passes away
- Eminent Urdu critics, theorists and linguists Professor Gopi Chand Narang has passed away at 91.
- He has been honoured with the Padma Bhushan (2004) and Sahitya Akademi Awards (1995).
- He was a Professor Emeritus at the University of Delhi and Jamia Millia Islamia.
- He incorporated a range of modern theoretical frameworks, including stylistics, structuralism, post-structuralism and Sanskrit poetics.
- He was born in Dukki (now in present-day Baluchistan, Pakistan).
National & International Appointments
4. RBI appointed Anand Mahindra and Venu Srinivasan to RBI Board
- The Central Government has nominated Anand Gopal Mahindra (Chairman of Mahindra group), Venu Srinivasan (TVS Motor’s Chairman), Pankaj Ramanbhai Patel (Zydus Lifescience’s Chairman ) and Ravindra Dholakia (IIM Ahmedabad’s ex-faculty) as part-time non-official Directors on the Central Board of RBI.
- The appointment will be for a period of four years and effective from June 14.
- RBI Governor: Shaktikanta Das
National Affairs
5. Adani Transmission gets 'green loan' tag for $700-mn revolving facility
- Adani Transmission Limited (ATL) has been tagged as 'green loan' by Sustainalytics for its USD 700 million revolving loan facility.
- ATL has also signed an energy compact goals as part of COP26 and the energy compact with the UN in November, 2021.
- This revolving facility project is being implemented in Gujarat and Maharashtra.
- Sustainalytics, provides analytical environmental, social and governance research, ratings and data to institutional investors and companies.
Summits & Conferences
6. Eighth Global Conference of Young Parliamentarians held in Egypt
- The Eighth Global Conference of Young Parliamentarians has been started in Sharm El Sheikh, Egypt to address climate change.
- The two-day conference is being jointly organized by the House of Representatives and the Inter-Parliamentary Union (IPU).
- Nagaland's first woman elected as Member of Parliament to Rajya Sabha, S. Phangon Konyak is representing India at the Conference.
- Inter-Parliamentary Union (IPU) HQ: Geneva, Switzerland
Banking & Finance
7. HDFC Bank, 100X.VC sign MoU to collaborate on start-up support
- HDFC Bank has signed an MoU with 100X.VC to enhance its engagement with the start-up ecosystem in the country.
- The bank has also laid the provision of its comprehensive package of specialised services and facilities customised for start-ups, branded as ‘Smart-Up’.
- The bank will also assess start-ups for investment and loan extension opportunities which recommended by 100X.VC.
National Affairs
8. India’s unemployment rate falls to 4.2% in 2020-21
- As per the Periodic Labour Force Survey (PLFS) for 2020-21 (July-June), the unemployment rate of India has declined to 4.2%in 2020-21 (July-June).
- The survey was released by the Ministry of Statistics and Programme.
- The labour force participation rate has been raised to 41.6%.
- The unemployment rate was 4.8% and the labour force participation rate was 40.1% in 2019-20.
- The PLFS provides quarterly updates for urban areas and an annual report for urban and rural areas.
International Affairs
9. Google announces startup accelerator program for women founders
- Google has announced a program for women founders, 'startup accelerator program', which will help them address challenges such as fundraising and hiring.
- The first batch of the Google for Startups Accelerator India – Women Founders will enroll up to 20 women-founded co-founded startups in the country, and support them through a three-month program.
- The selected Startups will receive support and mentorship around AI/ML, Android, Web, Product Strategy and Growth.
National & International Organizations
10. The 4th Global Startup Ecosystem Report released
- As per the Global Startup Ecosystem Report (GSER), the startup ecosystem in Kerala has been ranked as the best in Asia and fourth in terms of Affordable Talent.
- Bengaluru city, has been moved up to number 22 in the ranking.
- The report also showed that the Bengaluru’s tech ecosystem value is at $105 billion which is higher than that of Singapore at $89 billion and Tokyo at $62 billion.
- Top five: Silicon Valley, followed by New York City, London, Boston, and Beijing.
National & International Appointments
11. Arati Prabhakar appointed as the Science Advisor to US President, Joe Biden
- US president, Joe Biden has appointed Arati Prabhakar as the head of the White House Office of Science and Technology Policy.
- She succeeded Eric Lander.
- She would be the first woman and the first person of color to serve as science adviser to the President of the United States.
- She also served in top roles during the presidential tenures of Bill Clinton and Barack Obama.
- During the Clinton administration, she lead the National Institute of Standards and Technology .
Banking & Finance
12. BRICS PartNIR Innovation Center signs MoU with BRICS bank
- The BRICS Partnership on New Industrial Revolution (PartNIR) Innovation Center has signed an MoU with the BRICS New Development Bank (NDB).
- Aim: To facilitate bilateral cooperation and promote the common development of BRICS countries.
- The MoU was signed at a meeting held via video link in the port city of Xiamen, East China’s Fujian Province.
- BRICS is the acronym for Brazil, Russia, India, China and South Africa.
- President of the NDB: Marcos Troyjo
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