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Monthly Archives: July 2023

July, 2023 - - Part 56_3.1

Brajendra Navnit to be India’s ambassador to WTO for 9 months

Introduction Indian government announced the extension of Brajendra Navnit’s tenure as Ambassador and Permanent Representative of India to the World Trade Organization (WTO) by nine months. This decision comes ahead of the crucial 13th ministerial conference of the WTO in 2024. Navnit’s extended term demonstrates India’s commitment to promoting its key priorities on the global …

Chandrayaan-3: ISRO Completes Rocket Assembly, Final Tests Awaited for Launch

Chandrayaan-3: ISRO Completes Rocket Assembly, Final Tests Awaited for Launch

The Indian Space Research Organisation (ISRO) has completed the assembly of the Chandrayaan-3 rocket and is now preparing for the final round of tests before the anticipated launch. The spacecraft, including the indigenous lander module, propulsion module, and rover, is fully integrated, and the payload faring has also been completed. The launch is expected to …

Centre's Fiscal Deficit Narrows to 11.8% as Non-Tax Revenue Surges: CGA Data

Centre’s Fiscal Deficit Narrows to 11.8% as Non-Tax Revenue Surges: CGA Data

According to official data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit for the financial year 2023-24 stood at Rs 2.1 lakh crore or 11.8% of the full-year budget estimates at the end of May 2023. This marks a significant improvement compared to the previous year when the fiscal deficit …

India's External Debt Reaches $624.7 Billion at End-March 2023

India’s External Debt Reaches $624.7 Billion at End-March 2023

India’s external debt has witnessed a slight increase, reaching USD 624.7 billion at the end of March 2023, according to data released by the Reserve Bank. However, the debt-to-GDP ratio has declined during the same period. Valuation gains resulting from the appreciation of the US dollar against major currencies, including the Indian rupee, yen, SDR, …

July, 2023 - - Part 56_8.1

Max Verstappen wins Austrian GP 2023

Max Verstappen, the reigning Formula One champion, continued his impressive performance by securing a commanding victory at the Austrian Grand Prix 2023. This win further solidified his pursuit of a third consecutive world title. Starting from the pole position for the fourth consecutive race, Verstappen demonstrated his dominance by achieving his fifth consecutive win and …

Gross GST Collection in June Reaches ₹1.61 Trillion, Marking Fourth Occurrence Above ₹1.60 Trillion

Gross GST Collection in June Reaches ₹1.61 Trillion, Marking Fourth Occurrence Above ₹1.60 Trillion

India’s Goods and Services Tax (GST) collection for the month of June reached ₹1.61 trillion, according to the Ministry of Finance. This amount represents a significant 12% increase compared to the revenue collected from GST in the same month of the previous year. It is also noteworthy that this is the fourth time the gross …

July, 2023 - - Part 56_10.1

World Sports Journalist Day 2023: Date, theme, Significance and History

World Sports Journalist Day is celebrated worldwide on July 2nd each year. Sports holds great significance in the overall growth of individuals, serving as both a recreational pursuit and a potential career path. Certain individuals possess a deep passion for both sports and journalism, leading them to pursue professions as “Sports Journalists.” The day honours …

International Plastic Bag Free Day 2023

International Plastic Bag Free Day 2023: Date, theme, Significance and History

International Plastic Bag Free Day is observed every year on July 3rd to increase awareness about the detrimental effects of disposable plastic bags on the environment. This day acts as a reminder for individuals, communities, and businesses globally to minimize their usage of plastic bags and explore more sustainable alternatives. People, environmental groups, and organizations …

July, 2023 - - Part 56_12.1

Youth Co:Lab National Innovation Dialogue 2022

Introduction In the 5th Edition of the Youth Co:Lab National Innovation Dialogue India, twelve outstanding start-ups from various Indian states emerged as winners. These start-ups, operating in sectors such as agriculture, ed-tech, women’s livelihood, circular economy, and biodiversity, were awarded seed funding of up to $5,000 each to scale up their innovative solutions. Focus The …