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 Daily Current Affairs PDF

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 Daily Current Affairs PDF

AFFAIRSCLOUD TODAY
Current Affairs 1 June 2022 : Headlines

1. PM Modi Inaugurates India’s Biggest Drone Festival Bharat Drone Mahotsav 2022 in New Delhi
2. Union Government extended PMEGP till FY26 with an outlay of Rs 13,554.42 crore
3. PM Releases Benefits Under ‘PM CARES For Children Scheme’ For Kids Orphaned In COVID-19
Pandemic
4. NHA Launches ABDM Public Dashboard for Real-Time Information Sharing
5. National AI Portal Celebrates Its Second Anniversary
6. BRO’s Project Vartak Completed Excavation of Nechiphu Tunnel in Arunachal Pradesh
7. Supreme Court of India Recognised Sex Work as a “Profession”
8. Part 2- Highlights of WEF Annual Meeting 2022 in Davos;MoUs Signed By Indian States
9. Tata AIA Life Announces Industry-First Smart Value Income Plan
10. SEBI restructured its Risk Management Review Committee
11. Maharashtra & UP Tops in GST Registrations by Businesses & Dealers
12. Government Re-Established The Central Advisory Board On Archaeology
13. Justice PK Mohanty gets Additional Charge as Lokpal Chairperson
14. Pankaj Sharma Appointed as Part-Time Member of PFRDA
15. PARAM ANANTA Supercomputer Commissioned at IITGN,Gujarat
16. 2022 Norway Chess Blitz Tournament Won by GM Wesley So; GM Viswanathan Anand Secured
Fourth
17. World No Tobacco Day 2022 – May 31
18. World Digestive Health Day 2022 – May 29
19. International Everest Day 2022 – May 29
20. Maharashtra became top in Sugar Production
21. Vandita Sharma Appointed as Karnataka’s 39th Chief Secretary

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NATIONAL AFFAIRS
PM Modi Inaugurates India’s Biggest Drone Festival Bharat Drone Mahotsav 2022 in New Delhi
On May 27, 2022, Prime Minister (PM) Narendra Modi inaugurated India’s biggest Drone Festival, Bharat
Drone Mahotsav 2022, at Pragati Maidan in New Delhi, Delhi.

During the Mahotsav, the PM met with Kisan drone pilots, watched open-air drone demonstrations, and also
interacted with start-ups at the drone exhibition centre.
Other Dignitaries
The inauguration ceremony was also attended by Union Civil Aviation Minister Jyotiraditya Madhavrao Scindia
(Jyotiraditya M. Scindia), Union Health Minister Mansukh Mandaviya, Union Railway Minister Ashwini
Vaishnaw, Union Environment Minister Bhupender Yadav, and Union Rural Development Minister Giriraj
Singh.
Bharat Drone Mahotsav 2022
i.The two-day Bharat Drone Mahotsav 2022 took place on May 27–28, 2022.
ii.Over 1600 participants attended the Mahotsav, including government officials, foreign diplomats, armed
forces, central armed police forces, Public Sector Units (PSUs), private companies, drone start-ups, and others.
iii. At the exhibition, more than 70 exhibitors showcased various drone use cases. It has also witnessed a virtual
award of drone pilot certificates, product launches, panel discussions, flying demonstrations, and the
showcasing of a Made in India Drone Taxi prototype, among other things.
Use Of Drone Technology in Various Fields:
i.Under the PM Svamitva (Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas)
Yojana, drones were employed for the first time in digital land mapping of every property in villages.
• It is a central sector scheme of the Ministry of Panchayati Raj that was launched on National Panchayati
Raj Day by the Prime Minister.
ii.In August 2021, the Ministry of Civil Aviation relaxed drone rules by lowering the number of required forms
and charges for drone operations.
iii. Drone technology assisted in the rapid distribution of the COVID-19 vaccination during the COVID-19
pandemic.
For the First Time, India Post Delivered Mail Using a Drone in Gujarat
For the first time in India’s postal history, the Department of Posts, Ministry of Communication, has successfully
conducted a pilot project to carry mail using drone technology in Gujarat’s Kutch district.
• The drone covered a distance of 46 km in 25 minutes from Habay village in Bhuj taluka to Ner village in
Bhachau taluka of Kutch district in Gujarat.
India’s First Flying Taxi ‘e200’ Showcased at Bharat Drone Mahotsav 2022
At the Bharat Drone Mahotsav 2022 in New Delhi, ePlane Company, an aviation and aerospace component
manufacturing company, displayed a static prototype of the ‘e200’ — a two-seater — one seat for the pilot and
one passenger — electric vertical take-off and landing (eVTOL). The e200 is regarded as India’s first flying taxi.
• The ePlane company is headquartered in Chennai, Tamil Nadu.

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Features Of e200 – India’s First Flying Taxi

i.It is a fully electric, human-piloted, 2-seater vehicle with a footprint of 5×5 metres and a weight of roughly 200
kilograms (kg).
• It will have a range of 200 kilometres (km), a maximum speed of 160 kilometres per hour, and the ability
to fly at a maximum altitude of 3,000 feet.
ii.The first human flight trial on e200 is expected by 2023.
iii. Shreya Rastogi is part of the team developing India’s first flying taxi, having previously worked with NASA
to create a new spacesuit material.
• She is a US-licensed private pilot from Moradabad, Uttar Pradesh, and completed Aerospace Engineering
from the University of California in 2018.
Note: Union Civil Aviation Minister Jyotiraditya Scindia has recently invited North American eVTOL technology
companies to India for urban mobility and to establish production facilities.
L&T Partners with NewSpace Research & Technologies to Develop Submarine Launched UAVs
At the Bharat Drone Mahotsav 2022 in New Delhi, Larsen & Toubro (L & T) inked a Memorandum of
Understanding (MoU) with NewSpace Research & Technologies (NRT), a Bengaluru (Karnataka) based start-up.
• Under the MoU, L&T will work with NewSpace Research & Technologies to develop a new range of
Submarine-Launched Unmanned Aerial Vehicles (UAVs) to meet Indian Navy requirements.
Submarine launched Unmanned Aerial Vehicles (UAVs)
i.Submarine-launched UAVs are a relatively new concept, with just a few countries around the world capable of
operating them.
• The United States has deployed Submarine-launched UAVs on its submarines.
ii.As the drone must navigate through water before taking to the air for flight, they are classified as a complex
design and development project.
• It will have an underwater and an airborne component, making it one of India’s most forward-thinking
product development initiatives.
iii. The Indian Navy recently issued a proposal for Submarine launched UAVs through the Defence Research
and Development Organization’s (DRDO) Technology Development Fund.
Note:
L & T has the credibility of having worked extensively on Indian Arihant Class nuclear-armed submarines.
NewSpace Research & Technologies is working on a High-Altitude Pseudo Satellite (HAPS) UAV and an air-
launched swarm drone system with Hindustan Aeronautics Limited (HAL).
About Ministry of Civil Aviation:
Union Minister – Jyotiraditya M. Scindia (Rajya Sabha – Madhya Pradesh)
Minister of State (MoS) – General (Retd.) Vijay Kumar Singh (Ghaziabad constituency, Uttar Pradesh)

Union Government extended PMEGP till FY26 with an outlay of Rs 13,554.42 crore
On May 30 2022, The Prime Minister’s Employment Generation Programme (PMEGP) was extended for
continuation till the financial year (FY) 2025-26 with the total outlay of approx. Rs 13,554.42 crore, with an
aim of creating sustainable employment opportunities for about 40 lakh persons in five financial years.
• The extension of the scheme is over the 15th Finance Commission Cycle for five years from 2021-22 to
2025-26.
• All the States and Union Territories will be covered under the Scheme.
Key Modifications:
Some of the major modifications in the existing scheme include –
i.Increase in Maximum project cost from Rs 25 Lakhs to Rs 50 Lakhs for manufacturing units and from Rs 10
Lakhs to Rs 20 Lakhs for service units.
ii.The definition of Village industry and rural areas are modified for PMEGP with areas falling under Panchayti
Raj institutions to be accounted under rural areas, whereas areas under municipal corporations to be treated as
urban areas.

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iii.All the implementing agencies are allowed to receive and process applications irrespective of the rural or
urban category.
iv.The PMEGP applicants under the aspirational districts and transgender will be treated as special category
applicants and entitled for higher subsidy.
v.For the Special category applicants such as Scheduled Caste (SC), scheduled Tribe (ST), Other Backward
Class (OBC), Women, transgender, physically disabled, North-eastern Region, aspirational and border district
applicants gets magin money subsidy at the rate of 25 percent of the project cost in urban area and 35 percent
of the project cost in rural areas.
vi.For the general category applicants, the subsidy is 15 percent of the project cost in urban areas and 25
percent of the project cost in rural areas.
vii.The entire process of application to sanction and release of funds by banks is online through the portal. Any
individual above 18 years of age is eligible. Click Here
Stats:
i.Since the inception of PMEGP in 2008-09, about 7.8 lakh micro enterprises have received assistance with a
subsidy of Rs 19,995 crore, generating estimated sustainable employment for 64 lakh persons.
ii.About 80 percent of the units assisted are in rural areas and about 50 percent are owned by SC, ST and
women categories.
About Prime Minister’s Employment Generation Programme (PMEGP):
i.The Prime Minister’s Employment Generation Programme (PMEGP) is the flagship scheme of the Ministry of
Micro, Small & Medium Enterprises (MSME) implemented to facilitate generation of employment opportunities
for unemployed youth across the country by assisting the setting up of micro-enterprises in the non-farm
sector.
ii.The Khadi and Village Industries Commission (KVIC) is the national level nodal agency. At the State or District
level State office of KVIC, State Khadi & Village Industry Boards (KVIB) and District Industry Centres (DIC) are
the implementing agencies.
iii.Coir Board is the implementing Agency for the Coir Units.

PM Releases Benefits Under ‘PM CARES For Children Scheme’ For Kids Orphaned In COVID-19
Pandemic
Prime Minister (PM) Narendra Modi released benefits under the ‘PM CARES For Children’ scheme via video
conferencing.
The PM CARES Fund (Prime Minister’s Citizen Assistance and Relief in Emergency Situations) was established
in 2020.
It is a specialized fund with the primary goal of responding to any emergency or distress situation, such as the
COVID-19 pandemic, and providing relief to those impacted.
PM CARES for Children Scheme
The Prime Minister launched the PM CARES for Children Scheme on May 29, 2021.
• It aims to help children who have lost both their parents or legal guardians, adoptive parents, or surviving
parents as a result of the COVID-19 pandemic between March 11th, 2020, and February 28th, 2022.

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The Ministry of Women and Child Development (MoWCD) has been tasked with implementing the PM
CARES for Children scheme in partnership with stakeholder Ministries, States, and District Administration.
Benefits Of the Scheme:
i.The scheme provides Rs.4,000 per month for basic requirements, as well as financial assistance for schooling,
a higher education scholarship.
ii.PM CARES also provides educational loans to children for professional courses or higher education.
iii. A monthly stipend will be provided to those who lost their parents in the pandemic and are between the
ages of 18-23 years, and they would be given Rs.10 lakh when they turn 23 years.
iv.A passbook of PM CARES for Children and a health card for treatment up to Rs.5 lakh under Ayushman
Bharat – Pradhan Mantri Jan Arogya Yojana are also provided to the eligible children.
Highlights:
i.There were 9,042 applicants across 33 states and 611 districts, according to the dashboard on the PM CARES
for Children website. Of them, 4345 were approved across 31 states and 557 districts.
ii.According to the Union Ministry of Social Justice and Empowerment, 3,945 children received Rs. 7.89 crore in
scholarships under the PM CARES for Children scheme in 2022–23.
• Under the scholarship, Children will get an annual allowance of Rs.20,000, which will include a monthly
allowance of Rs.1,000 and an annual academic allowance of Rs.8,000, which will cover all school fees,
books, uniforms, and shoes.
• The scholarship will also be eligible for those children who have lost both the parents or legal guardian or
adoptive parents or surviving parent to COVID-19 pandemic.

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iii. The government has created an online portal, http://pmcaresforchildren.in/, to register children. The
portal is a single-window system that streamlines the approval procedure and all other assistance for children
under the scheme.
About Ministry of Women and Child Development (MoWCD):
Union Minister – Smriti Zubin Irani (Amethi Constituency, Uttar Pradesh)
Minister of State (MoS) – Dr. Munjpara Mahendrabhai Kalubhai (Surendranagar Constituency, Gujarat)

NHA Launches ABDM Public Dashboard for Real-Time Information Sharing

The National Health Authority (NHA) under its flagship scheme of Ayushman Bharat Digital Mission (ABDM)
launched ABDM public dashboard for real-time information sharing and to act as a one-stop solution for
information on the ABDM’s progress at state or Union Territory(UT) level.
• The dashboard will display information on core registries under the mission such as – Ayushman Bharat
Health Account (ABHA) numbers, Healthcare Professionals Registry (HPR) and Health Facility Registry
(HFR).
• The ABDM is built on the core principles of accessibility, transparency, inclusivity and interoperability.

Key Points:
The ABDM public dashboard displays the relevant updated information regarding the schemes in the public
domain to ensure all stakeholders have transparent access to data. They can easily access the public dashboard
from the ABDM website or directly at the official site Click Here.
i.The dashboard also has granular details about the number of health facilities like hospitals, laboratories etc.
registered daily or cumulatively. Also, partner-wise data of ABHA numbers generated and digital health records
linked are made available.
ii.The ABHA numbers generated on national, State or Union Territory levels are further segregated on the basis
of gender and age and displayed in the dashboard.
iii.The ABHA number generation facility is also available via several popular digital health applications like
CoWIN, Pradhan Mantri Jan Arogya Yojana (PMJAY), Aarogya Setu, Government of Andhra Pradesh, e-Sushrut
Railway Hospital, etc.
iv.For HFR , dashboard shows the data in infographics based on ownership (government or private), systems
of medicine (Modern Medicine – Allopathy, Ayurveda, Sowa- Rigpa, Physiotherapy, Unani, Dentistry, Siddha,
Homoeopathy etc.) and state-wise facilities registered under the ABDM.
v.For HPR ,dashboard shows data segregation on the basis of employment type – government or private sector,
systems of medicine and the states or Union Territory from where the applications have been received.
• The ABDM sandbox portal has a dashboard section that shares details of the integrators/ health tech
service providers/ apps that have already integrated with ABDM and are registered as ABDM partners.

National AI Portal Celebrates Its Second Anniversary

The second-year anniversary of ‘National AI Portal (https://indiaai.gov.in)’ is celebrated on May 30, 2022,
where AI means Artificial Intelligence.

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• During an event , INDIAai released a book on the basics of AI titled ‘AI for Everyone’. The booklet aims to
provide free and open AI literacy to the community of young minds and new learners to enable them in
their aspirations beyond the digital divide.
Key Information
i.The National AI Portal is a joint initiative by the Ministry of Electronics and Information Technology (MeitY),
National e-Governance Division (NeGD) and National Association of Software and Service Companies
(NASSCOM). The IndiaAI portal was launched by then Union Minister of Electronics and Information
Technology, Ravi Shankar Prasad on May 30 2020.
ii.The portal focuses on creating and nurturing a unified AI ecosystem in the country to drive excellence and
leadership in knowledge creation to develop an AI-ready robust workforce for the future and application of the
AI to foster economic growth.
iii.The portal has played a crucial role in nurturing the AI ecosystem through numerous impactful initiatives.
• Such initiatives are called the lab2market, Women in AI Roundtable, AI patent report, Responsible AI
handbook for startups, Responsible AI Startups survey, podcasts, and the AI Standards.
iv.The virtual event featured a fireside chat between Ms Debjani Ghosh, President, NASSCOM and Shri Abhishek
Singh, President and CEO, National eGovernance Division (NeGD).
About National eGovernance Division (NeGD)
i.In 2009, the National e-Governance Division was created by the Ministry of Electronics & Information
Technology as an Independent Business Division under the Digital India Corporation.
• President & Chief Executive Officer – Shri Abhishek Singh, IAS

BRO’s Project Vartak Completed Excavation of Nechiphu Tunnel in Arunachal Pradesh

Project Vartak of Border Roads Organisation (BRO) has completed the excavation of the Nechiphu Tunnel in
Arunachal Pradesh the last blast was virtually initiated by Lt Gen Rajeev Chaudhry Director General Border
Roads (DGBR).
• The 500-meter Nechiphu tunnel along Balipara-Charduar-Tawang (BCT) Road (between Km 82.00 to
88.00) at an altitude of 5700 feet is being constructed by BRO.
• This D-shaped, Single Tube Double Lane Tunnel, with modern lighting and safety facilities, will
accommodate two-way traffic.
• Under Project Vartak, the excavation of the Sela Tunnel(Twin tube – 1,555 meter and 980 meter) and
Nechiphu tunnels on BCT road connecting Balipara to Tawang was completed in 18 months.
• This aims to improve existing road geometrics, avoid foggy areas, circumvent slide prone areas and offer
greater safety.

Supreme Court of India Recognised Sex Work as a “Profession”

The Supreme Court of India has recognised sex work as a “Profession”, whose practitioners are entitled to
dignity and equal protection under the law.

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The 3-judge bench led by Justice L. Nageswara Rao directed an order passed after invoking special powers
under Article 142 of the Constitution.
• The court has stated that police should neither interfere nor take criminal action against adult and
consenting sex workers
• The court also stated that a child of a sex worker should not be separated from the mother on the ground
that she is in the sex trade.
• Section 354C, Indian Penal Code (IPC), introduced in 2020, makes voyeurism a criminal offence, should be
strictly enforced against electronic media, in order to prohibit telecasting photos of sex workers with their
clients in the garb of capturing the rescue operation

INTERNATIONAL AFFAIRS
Part 2- Highlights of WEF Annual Meeting 2022 in Davos;MoUs Signed By Indian States
As we have already gone through the Part 1 of World Economic Forum (WEF) Annual Meeting 2022 that
was held in Davos, Switzerland. Now here we are providing the details of agreements signed with Indian states
during the meeting.
Andhra Pradesh signs $16 billion pacts involving Adani, and Greenko
The Indian state of Andhra Pradesh (AP) has signed renewables investment pacts worth around $16 billion
with three companies’ viz. Adani Green Energy Ltd (AGEL), Greenko, Singapore’s GIC sovereign wealth fund;
and Aurobindo Realty & Infrastructure Pvt Ltd.
• The state has the potential to increase the renewable energy installed capacity to up to 33,000 Megawatts
(MW).

Key Points:
i.With an agreement with Adani Green Energy, AP aims to establish green energy projects including a 3,700
MW pumped hydro storage project and a 10,000 MW solar power project, which will involve an investment of
about Rs 600 billion ($7.74 billion).
ii.The rest will come from Greenko and Aurobindo Realty & Infrastructure, which will set up projects related to
hydro, solar and wind power.
iii.The above investments will create 38,000 jobs.
iv.ArcelorMittal Nippon Steel (AMNS) India will also invest Rs 1,000 crore towards the brownfield expansion
of its Vizag pellet plant in AP.
AP CM Meetings:
i.The Chief minister (CM) of AP, Yeduguri Sandinti Jagan Mohan Reddy met Bahrain Finance Minister Salman
bin Khalifa Al-Khalifa and discussed exports and investments in the field of education.
ii.He also met IBM CEO (Chief Executive Officer) Aravind Krishna and discussed technology and skill
development to transform Vizag into a technology hub.

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Point to Remember:
India has plans to install 450 GW of renewable energy capacity by 2030, in a bid to cut carbon emissions and
clean up air in its cities.
Maharashtra inks investments worth Rs 30,379 cr
The Maharashtra Government in the 10th edition of its Magnetic Maharashtra 2.0 programme at Maharashtra
Pavilion in WEF 2022 signed 23 MoUs (Memoranda of Understanding) amounting to USD 4 billion (Rs 30,379
crore).
• These will generate more than 66,000 jobs.
• With these agreements, the total MoUs under this program have reached to 121 bringing the total
investment in the state to Rs 2.2 lakh crore (USD 29 billion) with a potential to generate almost 4,00,000
jobs.
• Maharashtra joined the WEF’s Global Plastic Action Partnership (GPAP) to advance regional efforts to
fight plastic pollution.
Key Points:
i.Of the committed investments, over 55% are Foreign Direct Investments (FDI) from countries viz. Singapore,
Indonesia, the US (United States), and Japan in sectors like pharmaceuticals and medical device, IT (Information
Technology), data centres, textiles, food processing and steel among others.
ii.The Magnetic Maharashtra 2.0 program was conceptualized under the Maharashtra CM Uddhav Thackeray
for strengthening the resilience of the state’s economy. In the previous nine editions, 98 MoUs were signed
which are now at various stages of implementation.
iii.In last two years from October 2019 to December 2021 Maharashtra received 26% of total FDI, which was
the highest in India.
Key Investors:
i.Textile players Indorama Corporation and Indocount Industries Ltd are investing in Maharashtra’s textile
hubs of Nagpur and Kolhapur respectively.
ii.Microsoft is investing to establish Data Centres in Pune with an investment amount to the tune of Rs 3200
crores.
iii.Sinarmas Pulp and Paper Pvt. Ltd., an entity of Asia Pulp and Paper (APP), a leading pulp and paper
company from Indonesia is investing Rs 10,500 crores for paper and pulp manufacturing in Raigad.
iv.Havmor Ice Creams Pvt Ltd is setting up an ice cream manufacturing unit in Pune.
v.Sonai eatable and Goyal Proteins is into oil extraction.
vi.Gramsci Business Hub pvt ltd will be investing Rs 5000 crore in the IT sector.
Participants:
State’s Environment Minister Aaditya Thackeray, Industries Minister Subhash Desai, Energy Minister Nitin
Raut, IAS officers Ashish Kumar Singh, Baldev Singh, Vijay Singhal, Dr P. Anbalagan and PD Malikner were
present during the MoU signing ceremony along with industry representatives from the signing companies.
ReNew Power signs MoU to invest Rs 50,000 cr in 7 years in Karnataka
Gurugram (Haryana) based Renewable energy firm ReNew Power signed a MoU with the Karnataka
government at the WEF 2022 to invest Rs 50,000 crore in the state over the next 7 years.
• It was signed in the presence of Karnataka CM Basavaraj Bommai.
What is in the MoU?
ReNew Power will set up production units in Renewable Energy, Battery Storage and Green Hydrogen with
potential to create employment opportunities for 30,000 people. These units will be set up in 2 phases over the
next 7 years.
• In the first phase Rs 11,900 crore will be invested on the ongoing projects in the State and they will be
operationalized in the next 2 years
• In the second phase the company plans to invest Rs 37,500 crore to set up Renewable Energy and Green
Hydrogen units over the next 5 years.

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ReNew Power has already implemented over 120 Wind, Solar and Hydro Power projects in 9 Indian states; and
is generating about 12 Gigawatts of power through these plants.
Karnataka CM Meetings:
The CM held a series of meetings with industry captains from various countries which include the following:
i.He met Chairman and CEO of Bharti Enterprises Sunil Bharti Mittal who expressed keen interest to set up a
‘Mega Data Centre’ in the state.
ii.The Adani Group also expressed interest to invest nearly Rs 50,000 crore in Karnataka.
Telangana bags Rs 4,200cr investments
The Telangana Minister for IT and Industries Kalvakuntla Taraka Rama Rao along with his delegation was on
a 10-day trip to the UK and Davos during which the state attracted investments worth over Rs 4,200 crore.
• He attended 45 business meetings, four roundtables and four panel discussions with top executives of
global corporations.
• The primary aim of the trip is to showcase Telangana as an investment destination for global companies.
• The Telangana pavilion at WEF, set up with a slogan ‘India welcomes the world, Telangana First Stop’.
Key Investors:
i.German auto parts maker ZF will inaugurate its newest facility centre in Hyderabad on June 1, 2022. The ZF
facility centre was constructed at a cost of about Rs 322 crore, which will create job opportunities for about
3,000 people.
• Hyderabad will be ZF’s largest facility among the 100 locations and 18 major development centres across
the globe.
ii.DFE Pharma’s centre of excellence Closer to the Formulator (C2F) will come up in Genome Valley,
Hyderabad.
• The C2F centre will help pharmaceutical companies to shorten the time from a concept to a finished
commercial product.
iii.Lulu Group will invest Rs 500 crore in Telangana in the food processing sector.
iv.Swiss Re will set up its office in Hyderabad in August 2022. Swiss Re is a 160-year-old insurance
organisation, headquartered in Zurich, Switzerland and operates in 80 locations globally.
v.Hyundai also committed Rs 1,400 crore to put up testing tracks at the proposed Telangana Mobility Valley in
Vikarabad.
vi.Stadler Rail in Joint Venture (JV) with Hyderabad-based Medha Servo Drives also committed an investment
of Rs 1,000 crore for setting up a rail coach factory in Kondakal of Rangareddy.
• The proposed unit will create 2,500 jobs.
vii.Schneider Electric‘s Rs 300 crore plan to expand its presence in Hyderabad with a second plant at
Shamshabad will create 1,000 jobs.
viii.EMPE Diagnostics is also planning an over Rs 200 crore investment in setting up a global production unit
for Tuberculosis diagnostics kits at Genome Valley with a capacity to make 2 million TB kits per annum.
ix.Spanish player Chemo Pharma has Rs 100 crore expansion plans and GMM Pfaudler has Rs 33 crore plan to
expand its glass lining equipment manufacturing unit for pharma and chemical sectors.
x.Ferring Pharma, headquartered in Switzerland, will establish another formulation unit in Hyderabad,
investing US$64.49 million.
xi.Ashirvad Pipes by Aliaxis will set up a Greenfield facility with an investment of Rs 500 crore in Telangana
to manufacture storage and distribution of plastic piles, fittings and accessories. The new facility is expected to
create 500 jobs.
Telangana govt signed MoU with Mastercard
The Telangana government on signed a memorandum of understanding (MoU) with Mastercard to formalise a
Digital State Partnership aimed at delivering world-class solutions that contribute to the rapid digitisation of
the state’s citizen services with a focus on small and medium-sized businesses (SMBs) and farmers.
• As part of this Digital State Partnership, Mastercard will collaborate with Telangana in priority areas
including disbursements, digitisation of agricultural supply chains, cybersecurity, and digital literacy. The

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solutions are also aimed at supporting disbursements in the State, building capacity among SMBs and
enabling farmers to increase their incomes.
Pfizer commits medicines, vaccines to 45 lower-income countries
Pfizer Inc. launched ‘An Accord for a Healthier World. to provide all of Pfizer’s patented, high-quality medicines
and vaccines available in the U.S. or the European Union on a not-for-profit basis to 1.2 billion people in 45
lower-income countries.
• The Accord seeks to greatly reduce the health inequities that exist between many lower-income countries
and the rest of the world.
• Rwanda, Ghana, Malawi, Senegal and Uganda are the first five countries to commit to join the Accord.
About World Economic Forum (WEF):
Founder and Executive Chairman– Klaus Schwab
Headquarters– Cologny/Geneva, Switzerland

BANKING & FINANCE

Tata AIA Life Announces Industry-First Smart Value Income Plan
Tata AIA Life Insurance Company Limited (Tata AIA Life), a joint venture between Tata Sons Pvt. Ltd. and AIA
Group Ltd. (AIA), has announced the ‘Tata AIA Life Insurance Smart Value Income Plan’, which is the first of
its kind in the industry.
• It’s a participating, non-linked life insurance savings plan where the bonus can be adjusted against
premium payments.

It offers a number of first-to-market features, as well as best-in-class regular and stable income possibilities,
allowing customers to plan for their financial future and create wealth for long-term goals.
Features of Tata AIA Life Insurance Smart Value Income Plan
i.Cash bonus from Month 1: Consumers have the option of receiving cash bonuses from the first month of policy
purchase and continuing to collect bonuses even if they are unable to pay premiums due to a loss of pay or
income.
ii.Premium Offset feature: A policyholder who has chosen the regular premium payment option can change the
premium payable against cash bonuses, as long as the frequency and timing of the bonus payments match the
premium payment.
iii. In-built Sub-Wallet: This enables customers to accumulate cash bonuses and to withdraw the bonus amount
as needed.
iv.Life Protect feature: Under this feature, if the policy becomes paid-up owing to non-payment of premiums,
Tata AIA will continue to offer the Sum Assured set by the customer.
v.Special benefit for Small and Medium-Sized Enterprises (SME) owners and Women Entrepreneurs: It’s a first-
of-its-kind feature for SMEs, with the extra benefit of preferential rate on policy-backed loans. The policy also

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provides a special discount of 1% on policy loan interest rates for female entrepreneurs.
vi.In addition, the plan offers a significant maturity advantage.
vii.Individuals between the age group of 1 and 65 can buy the Smart Value Income Plan, with a maximum
maturity age of 100 years. The policyholder may also be eligible for tax advantages under Sections 80 C and 10
(10 D) of the Income Tax Act of 1961.
About Tata AIA Life Insurance Company Limited (Tata AIA Life):
MD & CEO – Naveen Tahilyani
Headquarters – Mumbai, Maharashtra

SEBI restructured its Risk Management Review Committee

The Securities Exchange Board of India (SEBI) has restructured its Risk Management Review Committee
(RMRC) which reviews the risk management framework for the Cash and Derivatives (including Commodity
derivatives). The 14 members committee will be headed by Professor Jayanth R Varma of Indian Institute of
Management (IIM), Ahmedabad, Gujarat.

Committee Members:
i.The Committee includes members of SEBI officials, Managing Directors of NSE Clearing Limited, Indian
Clearing Corporation Limited (ICCL), Metropolitan Clearing Corporation of India Limited (MCCIL), Multi
Commodity Exchange Clearing Corporation Limited (MCXCCL), National Commodity Clearing Limited, Clearing
Corporation of India Limited, and the President of Commodity Participants Association of India (CPAI).
ii.The Other members of the committee are Sriram Krishnan, Managing Director, Head of Securities Services at
Deutsche Bank, Anup Bagchi, Executive Director, ICICI Bank, Kuryan G Stephanos, Vice President – Finance and
Management Information Systems at ITC Limited and Gopalarathinam, Head Commercial and Bullion
Management of Titan Company Limited.
Terms of Reference:
The committee has been entrusted with the task of –
• Recommending changes if required in the margin system,
• consider and suggest measures in reducing transmission of risk from other segments and review the
investor protection measure in the stock exchanges related to risk management.
• Also, it will be responsible for recommending changes if required in the regulatory framework related to
risk management for the cash and derivatives segment.
About Securities and Exchange Board of India (SEBI):
i.It is the regulatory body for securities and commodity markets in India under the Ministry of Finance,
Government of India.
ii.It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the Securities
and Exchange Board of India Act, 1992.
Headquarters – Mumbai, Maharashtra
Chairperson – Madhabi Puri Buch

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ECONOMY & BUSINESS

Maharashtra & UP Tops in GST Registrations by Businesses & Dealers
According to the official data from the government of India(GoI) on the aggregate Goods and Services Tax
(GST) registrations in the 2017-2022 period, Maharashtra and Uttar Pradesh(UP) have topped in the GST
registration by businesses and dealers followed by Gujarat and Tamil Nadu.
• According to the data, Maharashtra has 1.48 million normal GST payers while UP has 1.33 million GST
payers.
• Including the smaller traders who pay taxes on a quarterly basis UP has 1.69 million GST registrations and
Maharashtra has 1.6 million registrations.
• Gujarat has 1.09 million normal and composition taxpayers and Tamil Nadu has 1.06 million GST
registrations.
• UP has the largest share of small businesses with over 357000 composition dealers, While Maharashtra
and Rajasthan have around 122000 and 137000 composition dealers respectively.

APPOINTMENTS & RESIGNATIONS

Government Re-Established The Central Advisory Board On Archaeology
The Central Advisory Board on Archaeology (CABA) was reconstituted by the Archaeological Survey of India
(ASI), with the Union Minister of Culture, Gangapuram Kishan Reddy as chairperson and members including
officials from the Culture Ministry and ASI, Members of Parliament, nominees of State governments,
representatives from universities, scientists, and experts on the Indus Valley script.

• The board comprises five persons nominated in their personal capacities by the Government of India
along with a Former Director-Generals of ASI.
Key Information
i.CABA was reconstituted by The President for a three year term.
ii.The main objective for reconstitution was to promote closer contacts between the Archaeological Survey of
India and the Indian Universities to conduct the researches.
iii.The board would meet once in a year and its functions would include advising the Central Government on
matters relating to Archaeology.
About Union Ministry of Culture
Ministers responsible – G. Kishan Reddy (Constituency : Secunderabad ,Telangana)
Minister of State – Shri Arjun Ram Meghwal , and Meenakshi Lekhi

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Justice PK Mohanty gets Additional Charge as Lokpal Chairperson

Ram Nath Kovind, President of India, has given justice Pradip Kumar (PK) Mohanty the additional charge of
Lokpal chairperson after Justice Pinaki Chandra Ghose completed his term as Chairperson of Lokpal on 27th
May 2022. Justice Pinaki Chandra Ghose was appointed as the 1st chairperson of Lokpal in 2019.
Justice Mohanty, former Chief Justice of Jharkhand High Court, has been serving as Member (Judicial), Lokpal
since March 2019.
The Lokpal is headed by a chairperson and can have 8 members. At present, there are 6 members in the
Lokpal.
• The chairperson of Lokpal and members are appointed for a term of 5 years or until attaining the age of
70 years.
• The members and Chief of Lokpal are appointed by the President of India following the recommendations
of the selection committee headed by the Prime Minister and consists of the Speaker of the Lok Sabha;
Leader of Opposition; Chief Justice of India or a judge of the Supreme Court nominated by him and a jurist
recommended by the chairperson and members of the selection panel.

Pankaj Sharma Appointed as Part-Time Member of PFRDA

The government of India(GoI) has appointed Pankaj Sharma, the joint Secretary in the Department of
Financial Services (DFS) as a part-time member of the Pension Fund Regulatory & Development Authority
(PFRDA). He succeeds erstwhile DFS Additional Secretary Vandita Kaul, 1989 batch Indian Postal Service
(IPoS) officer, who was repatriated to her parent cadre.
• PFRDA consist of a Chairman, 3 whole-time members and 3 part-time members.
• At present only 2 part-time members posts are filled up, Anne George Matthew, Additional Secretary in
Finance Ministry is the other part-time member.
• Out of the 3 whole-time members, 2 posts (law and Economics) became vacant on 31st May 2022.
GoI has also appointed Suchindra Mishra, Additional Secretary in DFS as a member of the International
Financial Services Authority (IFSCA) board and Shashank Saxena, Senior Economic Advisor in Department of
Economic Affairs as a member of IFSCA.

SCIENCE & TECHNOLOGY

PARAM ANANTA Supercomputer Commissioned at IITGN, Gujarat
PARAM ANANTA, a state-of-the art Supercomputer has been commissioned at Indian Institute of Technology
Gandhinagar (IITGN),Gujarat under National Supercomputing Mission (NSM).It is a joint initiative of Ministry of
Electronics and Information Technology (MeitY) and Department of Science and Technology (DST).

• This Supercomputer was commissioned by Smt. Sunita Verma, Group Coordinator & Scientist ‘G’, MeitY.
• The 838 teraflops (TF) Supercomputing System is powered with 7400 CPU cores, 52TB RAM, 1PiB of
storage space, and an enormous power of GPU nodes along with the usual software stack required to run
high-end simulations.

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Background:-
A Memorandum of Understanding (MoU) was signed between IIT Gandhinagar and Centre for Development in
Advanced Computing (C-DAC) in October 2020 to establish this 838 TeraFlops Supercomputing Facility under
NSM.
Key points:-
i.Through this MoU, PARAM ANANTA is developed which is based on Direct Contact Liquid Cooling technology
equipped with a mix of CPU nodes, GPU nodes, High Memory nodes, High throughput storage and high
performance InfiniBand interconnect to cater the computing needs of various scientific and engineering
applications.
ii.PARAM ANANTA Supercomputing Facility will be of great benefit to the institute.
• It caters in applications of Artificial Intelligence (AI), Machine Learning (ML), and Data Science,
Nanotechnology, Robotics, Applied mathematics, Astronomy & Astrophysics, Material Sciences, and
Quantum Mechanics.
iii.The PARAM ANANTA supercomputing facility was created as part of Phase 2 of the NSM, with the majority of
the components used to build this system manufactured and installed in India, as well as an indigenous
software stack developed by C-DAC, in accordance with the Make in India policy.
Note: The supercomputer Param Ananta will rank behind C-DAC’s Param Siddhi-AI, which as of November
2021 was the 102nd most powerful supercomputer in the world — with peak performance capability of 3.3
petaflops.
About National Supercomputing Mission (NSM)
It was established in 2015 by the Government of India. India is developing supercomputers at low cost with its
PARAM series.
• The Mission is being jointly steered by the Department of Science and Technology (DST) and the Ministry
of Electronics and Information Technology (MeitY) and implemented by the Centre for Development of
Advanced Computing (C-DAC), Pune, and the Indian Institute of Science (IISc), Bengaluru.
• Under NSM, till date 15 supercomputers have been installed across the nation with aggregate compute
capacity of 24 petaflops. All these supercomputers have been manufactured in India and operating on
indigenously developed software stack.
About Supercomputers
• Supercomputers, the fastest computers in the world. Unlike traditional computers, supercomputers use
more than one central processing unit (CPU). These CPUs are grouped into compute nodes, comprising a
processor or a group of processors—symmetric multiprocessing (SMP)—and a memory block.

SPORTS
2022 Norway Chess Blitz Tournament Won by GM Wesley So; GM Viswanathan Anand Secured
Fourth
On May 30 2022, The Filipino-American chess Grandmaster (GM) Wesley Barbossa So won the 10th edition of
the 2022 Norway Chess Blitz tournament held in Finansparken, Stavanger, Norway.

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• The Indian GM Viswanathan Anand defeated Norwegian GM Magnus Carlsen in round seven of the blitz
event and secured fourth position.
Key Points:
i.The Norway Chess 2022 will take place between May 30 to June 10 2022. It consists of Blitz tournament and
Classical tournament.
ii.According to the FIDE (International Federation of Chess) Laws of Chess, the Blitz tournament was played to
decide the play order for the main tournament and the winner has the right to choose the number in the table
on his own.
iii.The first edition of the Norway Chess was held in 2013.
Rank Table:
Rank Name Country
1 GM Wesley Barbossa So USA
2 GM Magnus Carlsen Norway
3 GM Anish Giri Dutch
4 GM Viswanathan Anand India

IMPORTANT DAYS
World No Tobacco Day 2022 – May 31
World No Tobacco Day(WNTD) is annually observed across the globe on 31st May to create awareness about
the harmful effects of using tobacco and inform the public about the dangers of tobacco use and the business
practices of tobacco companies.

• The observance of World No Tobacco Day is led by the World Health Organisation(WHO).
The theme of World No Tobacco Day 2022 is “Tobacco: Threat to our environment”.
Background:
i.In 1987, the member states of WHO created the observance of World No Tobacco Day to highlight the tobacco
epidemic and the preventable death and disease it causes.
ii.The World Health Assembly(WHA) adopted the resolution WHA40.38 in 1987 and proclaimed the 7th April
of every year as World No Smoking Day.
iii.In 1988, WHA passed a resolution WHA42.19 and called for the celebration of 31st May of every year as
World No Tobacco Day.
Significance of 2022 WNTD:
i.The 2022 global campaign of the WNTD aims to create awareness about the impacts of the entire tobacco
cycle (from cultivation, production and distribution to the toxic waste it generates) on the environment.
ii.This campaign also aims to expose the effort of the tobacco industries to greenwash their reputation and
market their products as environmentally friendly.

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Events:
i.To mark the observance of WNTD 2022, the United Nations Environment Programme(UNEP) and WHO have
renewed their collaboration to raise awareness of the tobacco industry’s contribution to the triple planetary
crisis.
ii.This collaboration also contributes to the 2022 World Environment Day theme #OnlyOneEarth.
iii.As a part of the WNTD 2022, the UNEP and WHO are set to jointly organise a webinar on “Fighting tobacco
product waste” on 2nd June 2022.
Key Points:
i.The complete tobacco cycle is a polluting and damaging process,
ii.Every year, around 3.5 million hectares of land across the globe are destroyed to cultivate tobacco.
iii.The production of tobacco results in the depletion of water, fossil fuel and metal sources.
iv.The tobacco industry relies heavily on resource-intensive modes of transport.
v.Every year, around 4.5 trillion cigarette butts are not disposed of properly. This generates around 1.69 billion
pounds of toxic waste and releases numerous chemicals into the air, water and soil.
Note: In accordance with WHO Framework Convention on Tobacco Control (WHO FCTC), WHO recommends
member countries to ban tobacco advertising, promotion and sponsorship, including advertising Corporate
Social Responsibility (CSR) programmes.
Winners World No Tobacco Day 2022 awards:
Every year, WHO recognizes individuals or organizations in each of the six WHO Regions for their
accomplishments in the area of tobacco control.
The 6-WHO Regions: Africa, America, East Mediterranean, Europe, South East Asia & Western Pacific.
This recognition takes the form of WHO Director-General Special Recognition Award and World No Tobacco
Day Awards.
Click here to know about the Winners of World No Tobacco Day 2022 awards
WHO Framework Convention on Tobacco Control (WHO FCTC):
i.WHO FCTC was the first international treaty negotiated under the auspices of WHO.
On 21st May 2003, the convention was adopted by the World Health Assembly and it entered into force on 27th
February 2005.
ii.WHO FCTC was developed to address the globalisation of the tobacco epidemic and reaffirm the rights of all
people to the highest standard of health.

World Digestive Health Day 2022 – May 29

World Digestive Health Day is annually observed across the globe on 29th May to highlight the importance of
digestive health and create awareness about digestive disorders and diseases and promote the prevention,
prevalence, diagnosis, management and treatment of the disease.

• The day also marks the anniversary of the World Gastroenterology Organization (WGO) foundation.
The theme of World Digestive Health Day 2022 is “Colorectal Cancer Prevention: Getting Back on Track”.
The 2022 theme highlights the prevention of Colorectal Cancer, the second leading cause of cancer-related
death in the world.

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Background:
i.World Digestive Health Day came into existence in 2004 on the 45th anniversary of the World
Gastroenterology Organization (WGO) foundation
ii.Starting from 2005 the Member Societies and members of the WGO were invited to begin World Digestive
Health Day activities.
About Colorectal Cancer:
i.Colorectal cancer, also called Colon Cancer or Rectal Cancer, starts in the colon or the rectum.
ii.The colon and rectum make up the large intestine, which is part of the digestive system, also called the
gastrointestinal (GI) system
iii.The risk of developing colorectal cancer can be reduced by increasing physical activity, maintaining a
healthy weight, limiting the consumption of alcohol and avoiding the consumption of tobacco.
About World Gastroenterology Organisation (WGO):
President– Professor Guilherme Macedo (Portugal)
Headquarters– Milwaukee, Wisconsin, United States of America(USA)

International Everest Day 2022 – May 29

International Everest Day is annually celebrated across the globe on 29th May to commemorate the first
summit of Mount Everest by Sir Edmund Hillary of New Zealand and Tenzing Norgay, a Nepali-Indian Sherpa
mountaineer on 29th May 1953.

• The day recognises and celebrates the achievement of Sir Edmund Hillary and Tenzing Norgay Sherpa.
• Everest was named after Sir George Everest, the first land surveyor of British India.
• The duo Edmund Hillary and Tenzing Norgay climbed Mount Everest successfully on Tenzing’s birthday,
29th May 1953.
Background:
i.In 2008, the year Sir Edmund Hillary passed away, the government of Nepal has decided to proclaim the 29th
May of every year as the International Everest Day.
ii.The celebration of International Everest Day is a special event which is a part of the promotion of Nepal’s
tourism.
Tenzing Norgay and Sir Edmund Hillary:
i.Tenzing Norgay and Sir Edmund Hillary, who scaled Mount Everest (8848 metres /29,028 feet), were part
of the 9th British expedition to Everest, led by John Hunt.
ii.Edmund Hillary and Jonh Hunt were knighted by Queen Elizabeth II and Norgay was honoured with the
George Medal, a civilian medal of bravery.
iii.The government of Nepal honoured Tenzing Norgay with the Order of the Star of Nepal, 1st Class
(Supradipta-Manyabara-Nepal-Tara), one of the most prestigious medals awarded by the government.
About Mount Everest:
Other Names: Tibetan name is Chomolungma (means Mother Goddess of the World) and Nepali Name is
Sagarmatha

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Updated elevation:
In December 2020, the Foreign Ministers of Nepal and China have jointly certified that the elevation of Mount
Everest is 8,848.86 m (29,031 ft) above sea level — 86 cm higher than what was recognised since 1954.

STATE NEWS
Maharashtra Became Top in Sugar Production in India
Maharashtra became the India’s top sugar producer after a five-year gap, followed by Uttar Pradesh (UP) in the
lead. During the current season of 2021-22, the state is crushing the highest amount of cane and producing the
highest ever amount of sugar. Till date, Maharashtra has crushed 1194.75 lt of cane and produced 124.75 lt of
sugar.
i.The first is the abundant rainfall Maharashtra has received since the start of the 2019 southwest monsoon
season (June-September).
• Resulting in the filling of reservoirs and refilled groundwater aquifers has prompted farmers to cultivate
more sugarcane as a crop that lasts 12-18 months.
ii.The second is due to the farmer’s extra care for their cultivation along with the third which is due to the huge
jump in “unregistered” cane cultivation.
iii.The high amount of sugar production is the result of record per hectare productivity.
iv.The new move in Uttar Pradesh Policy to utilise the sugarcane for ethanol production to augment bio-fuels is
also a main reason for the elevation of Maharashtra as top sugar producer.

Vandita Sharma Appointed as Karnataka’s 39th Chief Secretary

The Government of Karnataka has appointed Vandita Sharma, a 1986-batch IAS officer, as the 39th Chief
Secretary(CS) of Karnataka. She took over as the new CS from incumbent P Ravi Kumar on 31st May 2022. She
will hold the office till November 2023.
• She is currently serving as the additional chief secretary-cum-development commissioner, Government of
Karnataka.
• Vandita Sharma, hailing from Punjab, is the 4th woman to be appointed as the CS of Karnataka after
Theresa Bhattacharya, Malati Das and K Ratna Prabha.

*******

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