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Daily Archives: May 21, 2022

May 21, 2022 -_3.1

Padhe Bharat Campaign- About the Campaign and Activities

Padhe Bharat Campaign On 1st January 2022, Union Minister Shri Dharmendra Pradhan launched a 100-day reading campaign called ‘Padhe Bharat’. It is aligned with the National Education Policy 2020 or NEP 2020. This program emphasizes and encourages reading culture for people of every age group. It encourages students to read books in local, regional, tribal, …

May 21, 2022 -_4.1

Phonepe to buy wealth management platforms Wealthdesk

PhonePe, an Indian payments business backed by Walmart Inc., is acquiring two wealth management firms for $75 million in total. WealthDesk will cost roughly $50 million, while OpenQ will cost nearly $25 million, including debt, according to people familiar with the situation who asked not to be identified because the facts are confidential. Customers may …

May 21, 2022 -_5.1

India receives highest-ever FDI inflow of $83.57 bn in FY22

The central government announced that India has recorded the highest ever annual FDI inflow of $83.57 billion during FY22. In 2020-21, the inflow stood at $81.97 billion. India is rapidly emerging as a preferred country for foreign investments in the manufacturing sector. FDI equity inflow in manufacturing sectors has increased by 76 per cent in …

World Trade organization: History, Structure and Functions

World Trade Organization: History The World Trade Organization originated from the Uruguay round of GATT, General Agreement on Trade and Tariff 1986-1993. The members of GATT signed an agreement in Morocco, to establish a new organization, World Trade Organization. GATT was founded in 1948, it included 23 nations as global or international trade organizations to …

May 21, 2022 -_7.1

Dharmendra Pradhan launches reading campaign ‘Padhe Bharat’

Union Education Minister Dharmendra Pradhan has launched a 100-day reading campaign ‘Padhe Bharat. The launch of the 100 Days Reading Campaign is in alignment with the National Education Policy (NEP) 2020 which lays emphasis on the promotion of joyful reading culture for children by ensuring the availability of age-appropriate reading books for children in local/mother …

Supreme Court Judgement on Abortion

SC allows companies to export iron ore in Karnataka Mining case

The Supreme Court of India allowed mining companies to export iron ore extracted from mines in the Karnataka districts of Ballari, Chitradurga, and Tumakuru. A bench consisting of Chief Justice N V Ramana, Justices Krishna Murari and Hima Kohli took note of the Central government’s position and withdrew the export ban on iron ore, while …

May 21, 2022 -_9.1

In GIFT City, New Development Bank opened a regional office

The New Development Bank (NDB), the Brics countries’ multilateral bank based in Shanghai, will open its first regional office in India at the Gujarat International Finance Tec-City (GIFT City) to address the country’s infrastructural and sustainable development needs. The India office will concentrate on extending its presence in the country by developing, implementing, and monitoring …

May 21, 2022 -_10.1

NatGeo installed World’s Highest Weather Station on Mt. Everest

National Geographic Society has installed the “world’s highest weather station” on Mount Everest at an altitude of 8,830 metres to automatically measure various meteorological phenomena. Nepal’s Department of Hydrology and Meteorology (DHM) said the automatic weather station was installed a few metres below the summit point last week as the snow and ice on the …