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Daily Archives: July 27, 2022

July 27, 2022 -_3.1

IMF cuts Indian economic growth forecast by 80 bps to 7.4%

The International Monetary Fund (IMF) has slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent from 8.2%, citing less favourable external conditions and rapid policy tightening by the central bank. However, despite the growth downgrade, India will remain one of the fastest growing major economies in the world in …

July 27, 2022 -_4.1

Monkeypox vaccine IMVANEX approved by European Commission

European Commission has given permission for the Imvanex vaccine to be marketed as protection against Monkeypox, as recommended last week by the European Medicines Agency (EMA). Globally, over 16,000 cases of monkeypox have been reported from 75 countries. This vaccine is developed by Danish biotechnology company Bavarian Nordic. Monkey Pox Virus In the current outbreak …

July 27, 2022 -_6.1

To Establish Center of Excellence for MSME, NSIC and LG Electronics sign an agreement

In the presence of Shri Narayan Rane, Honorable Cabinet Minister, Shri Bhanu Pratap Singh Verma, Honorable Minister of State, Shri B. B. Swain, Secretary MSME, Shri P. Udayakumar, CMD, NSIC, and Shailesh Kumar Singh, AS&DC, National Small Industries Corporation (NSIC) signed an agreement with LG Electronics India Pvt Ltd. and the Electronics Sector Skills Council …

July 27, 2022 -_8.1

In Bhopal, Delhi Airport, Kandla Port, and Bengaluru Metro, TRAI testing 5G

5G spectrum auctions are currently taking place in India. The Telecom Regulatory Authority of India (TRAI) has stated that it has begun pilot testing the 5G network at selected areas around the nation in advance of the spectrum auction. TRAI has been testing the 5G network at four different sites around the nation. These places …

July 27, 2022 -_9.1

Kerala will start taking steps to ensure every citizen fully digitally literate

Kerala government has made the decision to start initiatives to promote full digital literacy in the State. Chief Minister Pinarayi Vijayan while addressing a school programme in Thiruvananthapuram explained that the campaign aims to educate people, particularly youngsters, about the dangers and traps online. Buy Prime Test Series for all Banking, SSC, Insurance & other …

July 27, 2022 -_10.1

Indo-China Relations: History and India’s Foreign Policy

Indo-China Relations India was the first non-communist country to establish an embassy in the People’s Republic of China (PRC). The People’s Republic of China was established on 1st October 1949 and on 1st April 1950 India and China established diplomatic relations. Both India and China jointly proposed the Panchsheel in 1954 which is the 5 …

July 27, 2022 -_11.1

Prime Minister to lay the cornerstone for the IFSCA’s Gujarat headquarters

Gujarat’s IFSCA (International Financial Services Centres Authority) Headquarters Building will officially break ground thanks to Prime Minister Narendra Modi. IFSCA is the centralised regulatory body in India’s international financial services centres for the creation and supervision of financial products, financial services, and financial institutions. Buy Prime Test Series for all Banking, SSC, Insurance & other …

July 27, 2022 -_12.1

Professor Kaushik Rajashekara won Global Energy Prize 2022

Indian-origin professor of engineering at the University of Houston, Kaushik Rajashekara has won the prestigious Global Energy Prize. Rajashekara was given the award in the New Ways of Energy Applications category for his contributions to transportation electrification and energy efficiency technologies while reducing power generation emissions. The awarding ceremony will be held during Russian Energy …