1) ISRO gives nod to parliamentary panel to implement satellite TV classrooms
•Indian Space Research Organisation (ISRO) has given its nod to the Parliamentary Standing Committee on Education to provide technical assistance for satellite TV classrooms in the country to bridge the learning gap due to COVID-induced lockdown. ISRO scientists have appeared before the Parliamentary Standing Committee for Education and made a detailed presentation about the proposed satellite TV classroom for students.
•Vinay Sahastrabuddhe-led parliamentary panel had earlier sought help from ISRO scientists to provide technical assistants to start satellite TV classrooms for students who reported a learning gap in the school syllabus due to the COVID pandemic. The Committee explored satellite TV classrooms that will broadcast school-based educational programs and students can take advantage of it in cluster classrooms and the issue of smartphone and data connectivity can be resolved, especially in the rural areas.
2) RBI imposes Rs 25 lakh penalty on Punjab & Sind Bank
•The Reserve Bank of India imposed a penalty of Rs 25 lakh on Punjab and Sind Bank for non-compliance with certain provisions of directions on ‘Cyber Security Framework in Banks. The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020, the central bank said while giving details. Accordingly, the central bank had issued a show-cause notice to the bank asking it why a penalty should not be imposed for non-compliance with the directions issued by RBI.
•This penalty has been imposed in the exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949.
3) Indian Overseas Bank becomes the second most-valued public lender
•Indian Overseas Bank (IOB) has become the second most-valued listed public sector bank (PSB) with a market capitalisation of over Rs 50,000 crore. As Street discounts privatisation of the state-owned lender, its shares have appreciated nearly 80 per cent on the BSE in the past one month. IOB stood with an m-cap of Rs 51,887 crore, pushing PNB (Rs 46,411 crore) and BOB (Rs 44,112 crore) to third and fourth position, respectively, as per data available on BSE.
•In the past month, the market price of IOB has zoomed 57 per cent, as compared to a 4 per cent decline in PNB and a 5 per cent gain in BOB share price. The bank plans to come out of the Prompt Corrective Action (PCA) framework by focusing on recovery, low-cost deposits, and less capital consuming advances.
4) KN Bhattacharjee appointed new Lokayukta in Tripura
•Veteran advocate Kalyan Narayan Bhattacharjee has been appointed as the new Lokayukta in Tripura. He has been appointed to the post for three years w.e.f. July 1. The Lokayukta Act has been in force in Tripura since 2008 and in 2012, the first Lokayukta was appointed in Tripura. Bhattacharjee is the third Lokayukta in the state and the first to hold the post as a lawyer. Former Gujarat & Guwahati HC judge Pradeep Kumar Sarkar was 1st Lokayukta in Tripura.
5) J&K ends 149-year-old darbar move tradition
•The LG Manoj Sinha formally put an end to a 149-year-old biannual tradition of shifting offices between summer capital Srinagar and winter capital Jammu. The administration served notice to employees to vacate the ‘Darbar Move’ related accommodations in three weeks in Jammu and Srinagar. Administration cancelled the residential accommodation of “darbar move” employees in Jammu and Srinagar, implying the employees will remain stationed in either Jammu or Kashmir.
•Around 8000-9000 employees working in Civil Secretariats, with headquarters in Jammu and Srinagar, would move along with files twice every year. While Srinagar served as the summer capital, Jammu was the winter capital.
•Dogra monarch Maharaja Gulab Singh is believed to have started the tradition of shifting the capital in 1872. The tradition was continued after 1947 by J&K’s political class, as it acted as a major bridge and a space for interaction between two diverse linguistic and cultural groups of Kashmir and Jammu regions.
6) GoI extends superannuation age of LIC chairman to up to 62 years
•The government has extended the superannuation age of IPO-bound LIC Chairman, M R Kumar, to up to 62 years by making amendments to the Life Insurance Corporation of India (Staff) Regulations, 1960. The changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, according to a government notification dated June 30, 2021. It is to be noted that the retirement age for the top executives of the majority of PSUs is 60 years, barring a few exceptions, including the State Bank of India (SBI).
7) Satish Agnihotri take charges as MD of NHSRCL
•Satish Agnihotri has taken over charge as Managing Director, National High-Speed Rail Corporation Ltd. He comes with more than 20 years of experience in the implementation of mega rail infrastructure projects. He has worked as Chairman & Managing Director, Rail Vikas Nigam Limited (RVNL), a schedule ‘A’ CPSE under the Ministry of Railways for close to 9 years.
•During his tenure as CMD/RVNL, RVNL completed 7000 km of project length including 3000 km doubling/3rd line, 880 km conversion of metre gauge track to broad gauge, 3000 km railway electrification, 85 km new line, 6 factories and many important bridges. A 7 km long tunnel was also completed in a record time of 25 months in a new line project in Andhra Pradesh.
8) Invest India won the most innovative Investment Promotion Agency 2021 award
•Invest India has been awarded the world’s most innovative Investment Promotion Agency 2021 by OCO Global. OCO Global is a leading authority on foreign investment and offers a range of economic development services, products, and unique company assessment tools.
9) Indian Army chief to inaugurate war memorial for Indian soldiers in Italy
•Indian Army chief General MM Naravane will embark on an official visit to the United Kingdom (UK) and Italy, during which he will be meeting his counterparts and the senior military leadership of these countries. The highlight of the visit will be Gen Naravane’s inauguration of the Indian Army Memorial in the famous town of Cassino, Italy. In the Battle of Monte Cassino during World War II, over 5,000 Indian soldiers laid down their lives while fighting to save Italy from fascist forces.
•Nearly 50,000 Indians were enlisted for Italy’s liberation between September 1943 and April 1945. Both the UK and Italy are important partners for India in the fields of defence, healthcare, aerospace, education, clean technology, renewable energy and information and communication technology among others.
10) Mithali Raj surpasses Edwards to become highest run-getter
•India captain Mithali Raj became the highest run-getter in women’s cricket across formats, overtaking former England skipper Charlotte Edwards. Mithali became the world’s most prolific batter in women’s internationals, overtaking Edwards’ 10,273 runs. Suzie Bates of New Zealand is third with 7849 runs. Stafanie Taylor (7832) and Meg Lanning (7024) round up the top five.
•Mithali achieved the feat during the third and final inconsequential ODI against hosts England while chasing 220 for a consolation win. In 2020, Raj was named to the ICC’s ODI team of the decade, a fitting honour for her consistency in the sport. She is also the most capped player in the history of the women’s game, having featured in 11 Tests, 216 ODIs and 89 Twenty20 Internationals so far.
