National News
Union Territory of Ladakh Achieves Full Functional Literacy Under ULLAS
According to the Union Ministry of Education, the Union Territory of Ladakh has achieved full functional literacy under the ULLAS-Nav Bharat Saaksharta Karyakram. Ladakh now boasts over 97 percent literacy. Lieutenant Governor Dr. B.D Mishra shared this milestone on June 25, 2024, at a function in Sindhu Sanskritik Kendra (SSK), Leh.
Paraguay Joins International Solar Alliance as 100th Member
Paraguay has officially become the 100th full member of the International Solar Alliance (ISA), marking a significant milestone in global solar energy cooperation. The Ambassador of Paraguay, H.E. Mr. Fleming Raul Duarte, handed over the Instrument of Ratification during a meeting in New Delhi with Shri Abhishek Singh, Joint Secretary (ED & MER) and Head of Depository.
State News
Madhya Pradesh Ministers to Pay Income Tax on Salaries and Allowances
The Madhya Pradesh cabinet, led by Chief Minister Mohan Yadav, decided on June 25, 2024, that state ministers will now be responsible for paying income tax on their salaries and allowances out of their own pockets. This marks a significant change from a 1972 rule under which the state government bore the tax burden. This decision was approved unanimously during a cabinet meeting held in Bhopal.
Appointments News
Aksha Mohit Kamboj Appointed Vice President of India Bullion Jewellers Association
Mrs. Aksha Mohit Kamboj has been appointed as the Vice President of the India Bullion Jewellers Association (IBJA), effective from June 22, 2024. This historic appointment marks her as the first woman to hold this prestigious position in the gold and jewellery sector. Mrs. Kamboj, known for her leadership as Executive Chairperson of Aspect Global Ventures Pvt Ltd and as a co-owner of the Tiigers of Kolkata cricket team, brings extensive experience and a commitment to industry excellence.
Mark Rutte Appointed as Next Secretary General of NATO
In a significant development for global security, NATO (North Atlantic Treaty Organization) has announced the appointment of Mark Rutte, the outgoing Dutch Prime Minister, as its next Secretary General. This decision marks an important milestone for the 75-year-old alliance as it faces critical challenges in the coming years.
Banking News
ICICI Bank M-Cap Tops $100 bn; Becomes Only Sixth Indian Co to Hit Milestone
ICICI Bank’s market capitalisation(m-cap) on June 25 crossed the $100-billion mark for the first time, becoming only the sixth company to do so. The private sector lender joins the likes of Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel. The four other domestically listed companies with a market value of more than $100 billion.
Economy News
India likely to Grow at 7.5% in FY25: NCAER
Gross domestic product (GDP) growth during 2024-25 (FY25) may turn out to be higher than 7 per cent and even close to 7.5 per cent, with high frequency indicators showing resilience amid growth dynamism in the Indian economy. The monthly economic review released by the National Council of Applied Economic Research (NCEAR).
Business News
Central Electronics Limited (CEL) Granted Mini RATNA Status (Category-1)
At its Golden Jubilee celebration, Central Electronics Limited (CEL) was honored with “Mini RATNA” status (Category-1) by Union Minister Dr. Jitendra Singh. This recognition underscores CEL’s transformation from a loss-making PSU to a profitable entity, achieving a net profit of approximately Rs 58 crore and consistently paying dividends to the Government of India for three consecutive years.
Awards News
GRSE Wins Sustainable Governance Champion Award
Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has been honoured with the “Sustainable Governance Champion Award” at the Outlook Planet Sustainability Summit & Awards 2024. This recognition highlights GRSE’s unwavering commitment to sustainable practices and governance excellence.
Defence News
India’s Defence Exports: US Has Grown To Account Over 50%
India’s defence exports to the United States (US) has grown to account for over 50 per cent of the total exports, exceeding $2.8 billion during the last 5 years, said Ranjana Khanna, Director General and CEO – American Chamber of Commerce in India (Amcham).
DRDO Hands Over Medium Range-Microwave Obscurant Chaff Rocket to Indian Navy
The Defence Research and Development Organisation (DRDO) handed over the Medium Range-Microwave Obscurant Chaff Rocket (MR-MOCR) to the Indian Navy in a ceremony held in New Delhi. This rocket creates a microwave obscurant cloud in space, forming an effective shield against threats with radio frequency seekers.
Sports News
David Warner Retires From International Cricket
The cricketing world bid farewell to one of its most dynamic players as David Warner officially retired from international cricket. Warner’s illustrious 15-year career with the Australian national team came to an end following Australia’s elimination from the T20 World Cup in the Super Eight phase.
Important Days
Micro-, Small and Medium-sized Enterprises Day 2024
Every year on June 27, the world celebrates Micro-, Small and Medium-sized Enterprises (MSME) Day. This important observance highlights the crucial role these businesses play in our economies and communities. The 2024 theme focuses on “Leveraging Power and Resilience of Micro-, Small and Medium-sized Enterprises (MSMEs) to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises“. This theme recognizes the potential of MSMEs to drive progress towards the United Nations Sustainable Development Goals (SDGs).
