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Monthly Archives: May 2024

Putin Reappoints Mikhail Mishustin as Russian Prime Minister

Putin Reappoints Mikhail Mishustin as Russian Prime Minister

In a widely anticipated move, Russian President Vladimir Putin has reappointed Mikhail Mishustin as the Prime Minister of Russia, subject to approval by the lower house of parliament, the State Duma. This decision comes as part of the legal procedure following Putin’s inauguration for his fifth presidential term on Tuesday. Parliamentary Approval: A Mere Formality …

Top-10 Barley Producing Countries in the World 2024

Top-10 Barley Producing Countries in the World 2024

Barley, an ancient grain with diverse applications, remains a cornerstone of global agriculture. As we embark on a journey to unveil the top barley-producing nations in 2024, we witness a dynamic landscape shaped by factors like climate, technology, and economic policies. These countries, renowned for their agricultural prowess, not only sustain their domestic markets but …

India Contributes $500,000 to UN Counter-Terrorism Trust Fund

India Contributes $500,000 to UN Counter-Terrorism Trust Fund

India has reaffirmed its dedication to the global fight against terrorism by contributing $500,000 to the UN Counter-Terrorism Trust Fund (CTTF). Ambassador Ruchira Kamboj, India’s Permanent Representative to the UN, delivered the contribution to Under Secretary General Vladimir Voronkov on May 7. This financial support adds to India’s ongoing commitment, totaling $2.55 million, aimed at …

Indian Export Performance in 2023-24 under Minister Piyush Goyal

Indian Export Performance in 2023-24 under Minister Piyush Goyal

In 2023-24, India experienced positive export growth to 115 out of 238 countries/territories, with major gains seen in key markets such as the USA, UAE, China, and the UK. However, import declined from 124 countries during this period. Merchandise vs. Service Exports While merchandise exports saw a slight decline of 3%, totaling $437.06 billion, service …

Chad's Military Dictator Idriss Deby Wins Presidential Election

Chad’s Military Dictator Idriss Deby Wins Presidential Election

Mahamat Idris Deby Itno, Chad’s military dictator and interim president, has secured victory in the presidential election held on May 6, 2024. This provisional result, announced by the National Election Management Agency on May 10, 2024, is poised to extend Deby’s rule for another six years. Background Idriss Deby, Mahamat’s father, ruled Chad for 30 …

New Zealand's Colin Munro Announces Retirement from International Cricket

New Zealand’s Colin Munro Announces Retirement from International Cricket

In a surprising move, Colin Munro, the hard-hitting New Zealand top-order batsman, has announced his retirement from international cricket after being overlooked for the upcoming T20 World Cup. The decision marks the end of an era for the explosive left-hander, who etched his name as one of the most destructive T20 batters in the world. …

Zeta Launches Digital Credit as a Service for Banks in India: Revolutionizing Credit Access

Zeta Launches Digital Credit as a Service for Banks in India: Revolutionizing Credit Access

Zeta, a global provider of cutting-edge banking technology, has unveiled its Digital Credit as a Service offering at Democratizing Credit 2024. Leveraging NPCI’s Credit Line on UPI scheme, Zeta aims to tap into the burgeoning credit market in India, projecting transaction volumes to surpass $1 trillion by 2030. With a goal to capture 50% of …

National Technology Day 2024, Celebrating India's Technological Prowess

National Technology Day 2024, Celebrating India’s Technological Prowess

National Technology Day is celebrated annually in India on 11 May. This day is dedicated to recognizing the contributions of innovators, scientists, and engineers, and to promoting scientific and technological innovation in the country. The day was first established in 1998 to commemorate the successful nuclear test at Pokhran. This test was a significant milestone …

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

RBI Appoints R. Lakshmi Kanth Rao as Executive Director

The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director, effective from May 10, 2024. Rao brings over 30 years of experience at the RBI, having previously served as Chief General Manager in charge of the Department of Regulation. Responsibilities Deposit Insurance and Credit Guarantee Corporation (DICGC): Rao will oversee …

World Migratory Bird Day 2024: Celebrating the Importance of Insects

World Migratory Bird Day 2024: Celebrating the Importance of Insects

World Migratory Bird Day (WMBD) is an annual global campaign that aims to raise awareness about the conservation of migratory birds and their habitats. This year, WMBD will be celebrated on two dates: Saturday, 11 May 2024, and Saturday, 12 October 2024, to align with the cyclic patterns of bird migration in different hemispheres. World …