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1.62nd foundation day of Maharashtra & Gujrat.
- May 1 is considered very special for Gujarat and Maharashtra, as the foundation day of both the states is celebrated on this day.
- The day is celebrated in the two states with multiple parades, events, and ceremonies across the two states.
- In Maharashtra, the main function is organised at Shivaji Park in Dadar. And
- Gujarat, the main event is held at the Sabarmati Waterfalls. The events highlight the culture and the traditions of the two states.
- In the year 1960, Maharashtra and Gujarat were carved out of the state of Bombay under the States Re-organization Act, 1956.
2.Maharashtra Cabinet approved first-of-its-kind ‘Maharashtra Gene Bank Project’
- Maharashtra Cabinet approved the ‘Maharashtra Gene Bank’, a first-of-its-kind project in India. To conserve genetic resources in Maharashtra including marine diversity, seeds of local crops, and animal diversity.
- In the next five years, an amount of Rs 172.39 crores will be spent on these seven focus areas. The project will be implemented by the Maharashtra State Biodiversity Board (MSBB) and will be overseen by committees under the chief secretary and the principal secretary (forests).
- The MSBB will coordinate with institutions like the National Institute of Oceanography (NIO) Goa to document and conserve rare and endangered marine species.
3.PM’s address to Sanatan Mandir Cultural Centre, Ontario, Canada.
- “This statue of Sardar Patel in Sanatan Mandir will not only strengthen our cultural values but will also become a symbol of the relationship between the two countries.
- He noted that he has felt the positive impact of Sanatan Mandir Cultural Centre during his visits to Canada. He remembered the affection and love of Indian origin people during his 2015 visit,.
- Elaborating on the depth of Indian ethos and values in the diaspora, the Prime Minister said that Indians might live anywhere in the world for any number of generations but their Indianness and loyalty towards India never diminishes.
- Indians, the Prime Minister said, work with full dedication and integrity for the county of their domicile and carry their democratic values and sense of duty with them. This is because “India is not only a nation but also an idea, it is also a culture.
- India is that higher level thought- which talks of ‘VasudhaivKutumbakam‘. India does not dream of its own upliftment at the cost of the detriment of others.”
4.PM Modi 3 day visit to Europe ( Germany, France, Denmark ).
- He will be visiting Berlin on May 2 at the invitation of German Chancellor Olaf Scholz, following which he will travel to Copenhagen on May 3-4 at the invitation of his Danish counterpart Mette Frederiksen to hold bilateral engagements and also participate in the Second India-Nordic Summit.
- PM Modi said, he will make a brief stopover in Paris for a meeting with French President Emmanuel Macron.
- Modi said his visit to Berlin will be an opportunity to hold detailed bilateral discussions with Chancellor Scholz, whom he met at G20 last year in his previous capacity as Vice-Chancellor and Finance Minister
- Apart from the bilateral engagements with Denmark, PM Modi said he will also take part in the 2nd India-Nordic Summit along with Prime Ministers of Denmark, Iceland, Finland, Sweden and Norway where they will take stock of cooperation since the First India-Nordic Summit in 2018.
- “The Summit will focus on subjects like post-pandemic economic recovery, climate change, innovation and technology, renewable energy, the evolving global security scenario and India-Nordic cooperation in the Arctic region.
ECONOMY & BANKING NEWS
5.India’s Pharma exports grow by 103% since 2013-14
- Indian pharma exports witnessed a growth of 103% since 2013-14, from Rs. 90, 415 Crores in 2013-14 to Rs. 1,83,422 Crores in 2021-22.
- The exports achieved in 2021-22 is the Pharma Sector’ best export performance ever.
- It is a remarkable growth with exports growing by almost USD 10 billion in 8 years.
- Building on the outstanding performance in the previous FY 2020-21, Indian pharma exports once again registered a healthy performance in 2021-22.
- The pharma exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines.
- The trade balance continues to be in India’s favour, with a surplus of USD 15175.81 Million.
- Indian pharma companies enabled by their price competitiveness and good quality, have made global mark, with 60 per cent of the world’s vaccines and 20% of generic medicines coming from India.
6.GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore.
- The gross GST revenue collected in the month of April, 2022 is Rs 1,67,540 crore of which CGST is Rs 33,159 crore, SGST is Rs 41,793 crore, IGST is Rs 81,939 crore (including Rs 36,705 crore collected on import of goods) and cess is Rs 10,649 crore (including Rs 857 crore collected on import of goods).
- The gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, in march.
- The revenues for the month of April 2022 are 20% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 30% higher and the revenues from domestic transaction (including import of services) are 17% higher than the revenues from these sources during the same month last year.
7.ISMC to invest $3 bn to set up semiconductor fab in Karnataka..
- International semiconductor consortium, ISMC, said it would invest $3 billion in Karnataka to set up India’s first chip-making plant.
- ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor. The investment is for a 65-nanometre analogue semiconductor fabrication plant in Mysuru.
- According the reports, India’s semiconductor market is expected to grow to $63 billion by 2026 from $15 billion in 2020.
- In February, five companies had submitted the proposals for setting up the manufacturing units. Under the production-linked incentive scheme, the government will extend the financial support up to 50 per cent of project cost for at least two semiconductor units and two display units.
8.Bodhi Tree Systems invests $600 mn in Allen Career.
Bodhi Tree Systems, the newly formed platform backed by James Murdoch and
former broadcast executive Uday Shankar, has agreed to invest $600 million in test prep business Allen Career Institute, in the platform’s second major investment in a week.
Bodhi Tree has acquired a minority stake in Allen, valuing the test prep business at well above $1 billion, according to a person with knowledge of the deal. Allen’s founding Maheshwari family will retain control and run the business.
9.RBI: India among worst-hit in pandemic, economy will recover in 13 years
- The Reserve Bank of India (RBI) in its latest report said India was one of the worst-hit nations during the Covid-19 pandemic and that it will take up to 13 years for India to fully recover from the scars of the Covid-19 pandemic.
- India suffered among the biggest pandemic induced losses in the world in terms of output, lives and livelihoods, which may take years to recover. Economic activity has barely recovered to pre-COVID levels even after two years.
- The pre-COVID trend growth rate works out to 6.6 per cent (CAGR for 2012-13 to 2019-20) and excluding the slowdown years it works out to 7.1 per cent (CAGR for 2012-13 to 2016-17).
- Taking the actual growth rate of (-) 6.6 per cent for 2020-21, 8.9 per cent for 2021-22 and assuming a growth rate of 7.2 per cent for 2022-23, and 7.5 per cent beyond that, India is expected to overcome COVID-19 losses in 2034-35.
10.Bharti Airtel purchase 7% equity in Cnergee Technologies
- Bharti Airtel, India’s second-largest telecom operator, announced that the Airtel Startup Accelerator Program has acquired a 7% investment in cloud-based networking solutions firm Cnergee Technologies. Cnergee, situated in Navi Mumbai, specialises in cloud-based comprehensive networking solutions for enterprises of all kinds.
- The telco purchased the interest at a pre-money enterprise valuation that was mutually agreed upon, but the figure was not disclosed due to confidentiality concerns.
- The Navi Mumbai-based business has created a set of 5G-ready software tools for Network-as-a-Service (NaaS) that can be scaled up to enable zero-touch service provisioning, central remote monitoring, and management of all connected devices, as well as a variety of real-time analytics.
- Through its integrated portfolio of connectivity, conferencing, cloud & data centres, cyber security, IoT, Ad-tech, and other services, Airtel Business serves over one million e
11.Sangeeta is new CBDT chairperson
- IRS officer Sangeeta Singh has been given the additional charge of Central Board of Direct Taxes (CBDT) chairperson after incumbent J B Mohapatra retired as the head of the direct taxes administration body on 30 April.
- An order issued by the Union finance ministry on Sunday said Singh, a 1986-batch officer of the Indian Revenue Service (IRS) of the Income-Tax (I-T) cadre, “shall discharge the duties and responsibilities of the post of chairman.
12.Vinay Mohan Kwatra assumes charge as India’s new Foreign Secretary
- Vinay Mohan Kwatra took charge as India’s new Foreign Secretary. A 1988-batch Indian Foreign Service (IFS) officer, Mr Kwatra succeeded Harsh Vardhan Shringla who retired from service. Mr Kwatra was serving as India’s envoy to Nepal before assuming the charge of the Foreign Secretary.
- A career diplomat with over 32 years of experience, Mr. Kwatra has also held the position of a Joint Secretary in the Prime Minister’s Office (PMO) for two years between October 2015 and August 2017.
12.Lt Gen BS Raju appointed as Vice Chief of Indian Army
- The Indian Army’s Director General of Military Operations, Lieutenant General Baggavalli Somashekar Raju has been appointed as the Vice Chief of the Army Staff from May 1.
- He was an alumnus of Sainik School Bijapur and National Defence Academy and commissioned in the Jat Regiment on December 15, 1984. He had commanded a battalion during Operation Parakram in the Western Theatre and J&K. He has been awarded the Uttam Yudh Seva Medal, Ati Vishisht Seva Medal.
13. Former Amazon Music CEO Sahas Malhotra joins JioSaavn as CEO
- JioSaavn has named Sahas Malhotra, a former Amazon Music director and entertainment industry expert, as its new CEO.
- Previously, Sahas Malhotra worked for Sony Music India and Tips Industries. Sahas Malhotra was the business leader at Tips Music and the marketing director for Tips Film Production at Tips Industries.
- From the JioSaavn company’s Mumbai headquarters, Sahas Malhotra will manage the company’s efforts in the rapidly changing and fascinating Indian market.
14.DD National Pet Show wins ENBA Award 2021.
- Doordarshan has won ENBA Award 2021 for the best in-depth Hindi series. TV series based on pet care ‘Best Friend Forever’ on Doordarshan has won big at the 14th edition of the Exchange4media News Broadcasting Awards (ENBA).
- Best Friend Forever is half-an-hour weekly live phone-in show on DD National, wherein two pet experts guide people on how to take care of their pets, about their food, nutrition, routine health check-ups, vaccination and other pet related issues.
- Objective of the show is to maintain a two way communication where viewers can directly call and talk to the experts, and share their worries and experiences. From the first day, phone calls started pouring in from across the country. Apart from other age-groups, youngsters and kids engage the most with the show.
15.The Hindu Group won Columbia Journalism school awards.
- The Hindu Group Chairperson Malini Parthasarathy received the Columbia Journalism School’s Distinguished Alumni Award at a function organised at the institution
- She was among the six alumni chosen for the award for the year 2022. The names of the awardees were announced in December 2021.
- After receiving the award, Dr. Parthasarathy said in a tweet: “Receiving a Distinguished Alumni Award from the Columbia J-School Dean @SteveCollNY. Truly a high point in my life journey, validating as it does forty years of my work in journalism, making all the struggles so worthwhile!”
16.The 24th Summer Deaflympics will be held in Brazil’s Caxias Do Sul from May 1 to 15.
- India is all set to compete in the 24th Summer Deaflympics to be held in Caxias do Sul, Brazil from 1st May 2022.
- A strong Indian contingent of 65 athletes will be participating in the Games. It is the largest and the youngest contingent ever from India to participate in the Deaflympics.
- The athletes will compete in a total of 11 sports disciplines: Athletics, Badminton, Judo, Golf, Karate, Shooting, Swimming, Tennis, Table Tennis, Taekwondo and Wrestling.
- MOSCOT of Deaflympics is NINO. Next 25TH summer Deaflympics held in TOKYO Japan
- In the last Deaflympics 2017 in Turkey, India clinched a total of 5 medals; 1 gold, 1 silver and 3 bronze. A total of 46 athletes took part in the Deaflympics 2017 and this time with the largest and the youngest contingent ever, the country will look to improve the previous record.
- In 12 April, 2022 CISS has announced due to Russian invasion of Ukraine the Russian and Belarussian athletes are barred to compete in Caxia.
17.Italian Franceso Baganaia won spanish moto GP.
- Italian Francesco Bagnaia ended a barren run by outpacing championship leader Fabio Quartararo to win the Spanish MotoGP at Jerez .
- Spaniards Aleix Espargaro and Marc Marquez took the next two places as Spaniard Alex Rins, who started the race level on points atop the standings, failed to score.
- Bagnaia won six times last season as he finished second to Quartararo in the championship, but this season had finished no better than fifth.
18.International Labour Day 2022 on 1st May
- International Labour Day is observed globally on 1st May every year. It is also known as International Worker’s Day and May Day. The day is celebrated to spread awareness about Labour’s rights and mark their achievements.
- The day aims to pay tribute to workers’ sacrifices in achieving economic and social rights all over the world.
- In India, the first Labour Day or May Day was celebrated in Madras (now known as Chennai) by the Labour Kisan Party of Hindustan on May 1, 1923.
19.World Tuna Day observed 2022 On 2nd May
- World Tuna Day is observed globally on 2nd May every year. This day is established by the United Nations (UN) to raise awareness about the importance of tuna fish. Tuna is a significant source of food for humans as the fish has several rich qualities such as Omega 3, Vitamin B12, proteins and other minerals.
- In the year 2016, the General Assembly of the UN declared May 2 as World Tuna Day to spread awareness among people regarding the importance of conserving Tuna fish.
Tags: 1.62nd foundation day of Maharashtra & Gujrat., 12.Lt Gen BS Raju appointed as Vice Chief of Indian Army, 15.The Hindu Group won Columbia Journalism school awards., 17.Italian Franceso Baganaia won spanish moto GP., 2.Maharashtra Cabinet approved first-of-its-kind ‘Maharashtra Gene Bank Project’, 3PM’s address to Sanatan Mandir Cultural Centre, 4.PM Modi 3 day visit to Europe ( Germany, 5.India’s Pharma exports grow by 103% since 2013-14, 6.GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore., 7.ISMC to invest $3 bn to set up semiconductor fab in Karnataka.., 9.RBI: India among worst-hit in pandemic, Canada., CURRENT AFFAIRS 1 & 2 MAY 2022, Denmark )., economy will recover in 13 years, France, Ontario