1) International Day of Cooperatives observed on 2 July
•International Day of Cooperatives is marked annually on the first Saturday of July. This year, the day will be observed on 2 July to highlight the contributions of the cooperative movement. The aim of this celebration is to increase awareness about cooperatives by highlighting how the United Nations shares similar goals and objectives as the international cooperative movement.
International Day of Cooperatives 2022: Theme
•On July 2, cooperatives all around the world will celebrate the 100th International Day of Cooperatives (#CoopsDay). A decade on from the UN International Year of Cooperatives, which showcased the unique contribution of cooperatives to making the world a better place, this year’s #CoopsDay slogan — “Cooperatives Build a Better World”— echoes the theme of the International Year.
2) World Sports Journalist Day 2022 observed on 2nd July
•World Sports Journalists Day is observed on July 2 every year to celebrate the services of sports journalists for the promotion of sports. Sports journalism is a form of reporting that focuses on matters pertaining to any subject or topic related to sports. It is an essential component of every media organization. Sports journalists work on various media platforms including print, broadcast, and the internet. There are several local and national journalism organisations active in sports reporting.
World Sports Journalist Day 2022: Significance
•World Sports Journalist Day is intended to encourage and recognise various sports journalists for their outstanding efforts. It motivates the journalists to set good examples for future generations and inspires them to pursue a career in sports journalism. On this day, many media organisations conduct special events to felicitate their sports journalists.
3) World UFO Day: 02 July
•The World UFO Day (WUD) is held on July 2 every year globally. It is a day dedicated to the undoubted existence of Unidentified Flying Objects (UFO) by World UFO Day Organization (WUFODO). WUD aims to raise awareness about the existence of UFOs and encouraging people to think about the possibility of us not being alone in the Universe. The World UFO Day provides an opportunity to these explorers and enthusiasts to discuss, decode, and deduce multiple theories related to UFOs.
World UFO Day 2022: Significance
•The day is observed to acknowledge all the theories that are associated with UFOs, although there is no conclusive evidence to support the sightings. On this day, space enthusiasts run their imagination wild and have themed parties. Many go on investigative hunts and research in hopes of finding evidence of UFOs.
4) State Bank of India (SBI) celebrates 67th Foundation Day
•The oldest commercial bank in the country, State Bank of India, is celebrating its 67th year on 1st July. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India. The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India which in turn became the SBI in 1955.
5) Bosch India’s “smart” campus is opened by PM Modi in Bengaluru
•The new smart campus of Bosch India, a top provider of technology and services in Bengaluru, was essentially inaugurated by Prime Minister Narendra Modi. According to a business statement, Modi noted in his inauguration address that this year is a historic one for both India and Bosch India as both countries mark their 75th anniversaries of independence.
6) PSLV-C53 rocket carrying three Singapore satellites launched by ISRO
•Three Singaporean satellites were successfully launched by the Indian Space Research Organisation (ISRO) as part of a commercial mission for the New Space India Limited. This was the space agency’s second launch of the year; its first, had put an Indian Earth Observation Satellite in orbit. The space agency also carried six in-orbit experiments mounted on the fourth stage of the rocket on the current mission in addition to the commercial satellites.
7) UN projected India’s urban population to be 675 million in 2035
•According to a UN report, India‘s urban population is expected to reach 675 million in 2035, ranking second only to China‘s urban population of one billion people. The report also noted that after the Covid-19 pandemic, the world’s urban population is once again on track to increase by another 2.2 billion people by the year 2050.
8) Ketanji Brown Jackson sworn in, becomes 1st Black woman on US Supreme Court
•The United States made history as Ketanji Brown Jackson was sworn in as the first Black woman to serve on the Supreme Court. The 51-year-old’s appointment by Democratic President Joe Biden means white men are not in the majority on the nation’s highest court for the first time in 233 years. Four of the justices on the nine-member court are now women, making it the most diverse bench in history — although they all attended the elite law schools of Harvard or Yale.
•Jackson had picked up support from three Senate Republicans during a grueling and at times brutal confirmation process, delivering Biden a bipartisan 53-47 approval for his first Supreme Court nominee. Jackson’s swearing-in marks a major moment for Biden, who chaired the Senate Judiciary Committee in the 1980s and ’90s, meaning he has the unprecedented distinction of both naming and overseeing the appointment of a Supreme Court justice.
9) Crisil projects India’s FY23 GDP growth estimate to 7.3%
•Domestic rating agency Crisil has cut the real GDP growth forecast for India to 7.3 percent in FY23 (FY 2022-2023). Earlier this was estimated at 7.8 percent. It attributed the downward revision to higher oil prices, slowing of export demand and high inflation.
•Crisil said there are a slew of negatives like high commodity prices, elevated freight prices, drag on exports as global growth projections get lowered, and the largest demand side driver of private consumption remaining weak. Inflation, which has been pegged to average at 6.8 per cent in FY23 as against 5.5 per cent in FY22, reduces purchasing power and would weigh on revival of consumption the largest component of GDP which has been backsliding for a while, the agency said.
10) Government authorised SBI to issue and en-cash electoral bonds
•The government gave its approval for the 21st tranche of electoral bonds to be issued, and the bonds’ sales. In an effort to increase openness in political fundraising, electoral bonds have been proposed as a substitute for financial contributions to political parties.
