Monthly CA One Liner – May 2022

Banking & Finance

 The Reserve Bank of India has imposed a monetary penalty of Rs 1.12 crore on the state-
run
Bank of Maharashtra for non-compliance.

 ICICI Bank has launched India’s first comprehensive digital ecosystem for all Micro,
Small and Medium Enterprises (MSMEs) in the country, offering a complete range of
enhanced banking and value-added services at one place.
 The Securities and Exchange Board of India the time taken for allotment and listing of
REITs (real estate investment trusts) and InvITs (infrastructure investment trusts)
after the closure of issue would be reduced to six working days, against the current
requirement of 12 working days.
 Rural fintech player Spice Money has tied up with Religare Broking Ltd to facilitate rural
populace to apply for shares of Life Insurance Corporation of India (LIC).
 DBS Bank India has partnered with startup venture capital fund Anthill Ventures and
evangelist network Headstart Network Foundation to launch DBS Business Class
foundED, in line with its vision to support entrepreneurs and innovators.
 The government-controlled International Financial Services Centres Authority (IFSCA)
issued a framework for fintech entities across the spectrum of banking, insurance, securities,
and fund management in the International Financial Services Centres (IFSC).
 Public sector lender Indian Bank launched its maiden digital product called Pre-Approved
Personal Loan (PAPL) under Project World of Advanced Virtual Experience (WAVE),
which will be serviced only through digital channels.
 One of the industry's leading Financial Inclusion and Digital Payment company FidyPay has
partnered with Yes Bank to extend the digital facilitation to a wide array of businesses,
comprising fintechs, SMEs, and start-ups.
 Canara Bank in association with the Additional Skill Acquisition Programme (ASAP) has
launched ‘skill loans’

 Non-Banking financial company IIFL Finance Ltd and Open Financial Technologies, Asia’s
largest SME focused neo-banking platform will launch IIFL Open Fintech Pvt Ltd.

 From May 2-4, 2022, the Reserve Bank of India (RBI) conducts a Monetary Policy
Committee (MPC) meeting.
 India has achieved a monthly value of merchandise export of 38.19 billion US dollars in
April.
 Public sector Indian Bank has introduced digital broking solution E-Broking.
Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank Ltd (ESFBL) received no- objection from the Reserve Bank of
India (RBI) on the voluntary amalgamation of both units.

 The second phase of the mandatory hallmarking of Gold Jewellery and Gold Artefacts
will come into force on the 1st of June this year.
 India’s largest private sector bank, HDFC Bank, has launched ‘Xpress Car Loans’ – an end
to end digital new car loan journey for existing customers as well as non-customers.
 As per the latest data released by the National Payments Corporation of India (NPCI),
Unified payments interface (UPI) hit a record high with 558 crore transactions
amounting to Rs 9.83-lakh crore in April 2022.
 Billionaire Mukesh Ambani's Reliance Industries Ltd has reported a 22.5 per cent rise
in net profit for the quarter ended March on the back of bumper oil refining margins,
steady growth in telecom and digital services and strong momentum in the retail business.
 ICICI Bank inked a Memorandum of Understanding (MoU) with Santander UK Plc, a
premier British bank, establishing a framework of partnership between the banks for
financial service requirements of the corporate customers in the India – UK corridor.
 The Department of Expenditure, Ministry of Finance has released the 2nd monthly
installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore
 to 14 States.
 Bharti AXA Life Insurance has launched a financial literacy campaign ‘InspiHE₹- enabling
an empowered future - a special initiative to spread financial awareness among women and
enable them to make informed financial decisions for a secured future.
 Worldline India, a payment services firm, has partnered with Bank of India to
digitise e- challan collections for Madhya Pradesh police department.
The Reserve Bank of India (RBI) extended the period of restriction on two co-operative banks namely the
Laxmi Co-operative Bank Ltd Solapur, Maharashtra and Sri Guru Raghavendra Sahakara Bank Niyamitha,
Bengaluru, Karnataka for up to three and six months, respectively.

 India's retail inflation surged to 7.79 per cent in April, largely driven by rising fuel and
food prices.
 Export-Import Bank of India (Exim Bank) has entered into an agreement dated January
06, 2022 with the SBM (Mauritius) Infrastructure Development Company Ltd
(SBMIDCL), for making available to the latter, Government of India supported Line of
Credit (LoC) of USD 190 million.
 The Reserve Bank of India (RBI) imposed several restrictions on Shankarrao Pujari
Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals,
in view of the lender’s worsening financial position.
 Union Bank of India (UBI) has launched a digital solution, ‘Trade nxt’ to ease all cross-
border export-import transactions for corporates and Micro, Small and Medium
Enterprises (MSMEs).
 The country’s airline SpiceJet & India’s third largest private sector bank, Axis Bank have partnered
to launch the most rewarding co-branded credit card, powered by Visa that will offer a host of
privileges and benefits to customers.

 Global brokerage firm Morgan Stanley has lowered India’s gross domestic product

(GDP)
growth forecast for the current financial year to 7.6 percent from 7.9 percent for F2023.

 Reserve Bank of India has imposed a penalty of Rs 59 lakhs on KEB Hana Bank
(Formerly Korea Exchange Bank) for non-compliance with the certain norms related to
'interest rate on deposits'.
Wholesale price-based inflation spiked to a record high of 15.08 percent in April on rising prices across segments from food to
commodities.

 The Reserve Bank of India has permitted lending by scheduled commercial banks (SCBs)
to non-banking finance companies (NBFCs) for the purpose of on-lending to priority
sector loan (PSL).
 PNB MetLife India Insurance Co Ltd has launched India’s first dental care insurance
plan that covers fixed-benefit outpatient expenses and provides financial assistance
with costs related to overall dental health.
 The World Bank has approved 350 million dollars aid for the Systems Reform Endeavors
for Transformed Health Achievement in Gujarat (SRESTHA-G) project.
 AXA France India, along with its Indian insurance partners, is set to launch mental
health insurance cover in its group policies.
 The market regulator Securities and Exchange board of India (SEBI) has enhanced the
net worth criteria and track record requirements to strengthen the regulatory
framework for collective investment schemes.
 The Reserve Bank of India has stated Public sector banks reported over 51% dip in the
amount involved in frauds to Rs 40,295.25 crore during the financial year ended March
2022.
 According to the World Bank, India will overtake Mexico as the top remittance-
receiving country in 2021, relegating China to third place.
 S&P Global Ratings cut India’s growth projection for the current fiscal to 7.3 percent from 7.8
percent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict.

 IDBI Bank has signed a share purchase agreement with Ageas Insurance International to
sell its 25 percent stake in Ageas Federal Life Insurance(AFLI) for ₹580.2 crore.
BRICS New Development Bank (NDB) has issued an RMB-denominated bond of 7 billion yuan (about USD 1.04 billion) in China's
interbank bond market with a maturity of three years.

 According to the World Economic Situation and Prospects (WESP) Mid-year Update
2022 report released by the UN Department of Economic and Social Affairs, India's
Gross Domestic Product(GDP) growth projections have declined from 6.7% to 6.4% for
2022-23 due to war between Russia and Ukraine & higher commodity prices and potential
negative spillover effects from monetary tightening in the United States.
 According to a Department of Post circular, the NEFT facility has been made available for
Post Office Savings Bank Account (POSB) customers from May 18, 2022 and RTGS
facility is currently under testing and is expected to be rolled out by May 31, 2022
 RBL Bank, Amazon Pay and Amazon Web Services (AWS) have collaborated to
offer Universal Payments Interface (UPI) payments.
 The Supreme Court has directed the constitution of 25 special courts with a retired judge
in 5 states for expeditious disposal of cheque bounce cases.
 The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 lakh each on KKR
India Financial Services Limited, Mumbai & Daimler Financial Services India
Private Limited, Pune for failing to comply with the 'Monitoring of Frauds in NBFC
(Reserve Bank) Directions, 2016' issued by RBI.
 The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 29.79 lakh on
Unimoni Financial Services Limited (the entity) for non-compliance with norms on
small- Prepaid Payment instruments (PPI) requirements.
 The central government declared that India received the largest annual FDI inflow of
$83.57 billion during FY22.
A Y Combinator-backed corporate cards and payable management company, Volopay has partnered with Visa’s Fintech Fast Track
Program to offer financial management solutions.

 India’s largest private sector lender HDFC Bank has carved out rural banking function as a
separate vertical.
 The Reserve Bank of India has directed all banks and ATM networks to provide the option
of Interoperable Cardless Cash Withdrawal (ICCW), and that the National Payments
Corporation of India (NPCI) support UPI integration with all banks and ATM networks.
 The Reserve Bank of India (RBI) has allowed trade transactions with the island country to be
settled in Indian Rupees (INR), outside the Asian Clearing Union (ACU) mechanism in view
of the difficulties being experienced by exporters in receiving proceeds from Sri Lanka.
 The Reserve Bank of India's (RBI) Central Board of Directors have approved the
transfer of Rs 30,307 crore as surplus to the Central Government for the accounting
year 2021-22
 Mortgage lender HDFC Ltd. in association with Cogno AI has launched a first-of-its-
kind ‘Spot Offer’ on WhatsApp, to provide an in-principle home loan approval to
home buyers within two minutes.
 The country’s largest lender State Bank of India (SBI) has introduced Real Time
Xpress Credit on its Yono platform, allowing eligible customers to get personal loans
of up to ₹35 lakh.
 The Reserve Bank of India (RBI) constituted a committee to examine & review the
efficacy, adequacy and quality of customer service in banks, non-banking financial
companies (NBFCs) and payment operators.
 India’s largest private sector bank, HDFC Bank Partners with India’s largest B2B
pharma marketplace , Retailio launched a new range of co-branded credit cards
primarily targeted at chemists and pharmacies in the merchant segment.
According to the data released by the commerce and industry ministry, India has recorded the highest ever annual FDI
inflow of USD 83.57 billion in the Financial Year 2021-22 overtaking FY21’s FDI by USD 1.60 billion despite military
operation in Ukraine and COVID-19 pandemic.

 IDBI Bank has divested its entire holding of 6,23,23,800 fully paid-up equity
shares constituting 19.18 percent of the total equity share capital of Asset
Reconstruction Company (India) Ltd. (ARCIL) to Avenue India Resurgence
Pte. Ltd.
 The financial services company of the Tata Group, Tata Capital Ltd has launched
‘Loan Against Shares’(Tata Capital is amongst the first financial institutions to
 offer), an end- to-end integrated digital financial offering.
 According to the data from the Department for Promotion of Industry and Internal Trade
(DPIIT), Foreign Direct Investment (FDI) equity inflows into India contracted marginally
by 1 percent to USD 58.77 billion during 2021-22.
 The Securities and Exchange Board of India (SEBI) has announced a new framework
for managing Passive Funds, Exchange Traded Funds (ETFs), and Index Funds
amid the growing popularity of such funds as investment products for retail investors.
 UCO Bank signed a co-lending agreement with NBFC Paisalo Digital Limited for
agriculture business to capitalize on the huge Rs 8 lakh crore market of small-ticket
loans for the 365 million underbanked and under-serviced population.
 A rural fintech company, Mahagram partners with a new-generation Indian bank
IndusInd Bank, to enhance the digital payments ecosystem & provide a wider horizon
to transact especially for its customers in rural India.
India Post Payments Bank (IPPB) has introduced issuer charges for the Aadhaar Enabled Payment System service (AePS).

 MUFG Bank will be the first Japanese bank to open a branch at Gujarat International
Financial Tech City (GIFT City) in Ahmedabad for foreign currency-denominated
lending business.
 The New Development Bank (NDB), the Shanghai-based multilateral bank of the BRICS
(Brazil, Russia, India, China, South Africa), Development Bank would set up a regional
office in India at the Gujarat International Finance Tec-City (GIFT City), Gujarat, India
to cater to infrastructure and sustainable development needs.
 HDFC Securities has launched HDFC Money, a robo-advisory investment platform
for all mutual fund investments.
 BOB Financial Solutions Limited (BFSL) & Hindustan Petroleum Corporation Ltd.
(HPCL) in partnership with National Payments Corporation of India (NPCI) has launched
the HPCL BoB co-branded contactless RuPay Credit Card.
 Moody's Investors Service, often referred to as Moody's, lowered India’s economic growth
projection to 8.8 percent for 2022 from 9.1 percent earlier.

 A non-banking finance company (NBFC), Northern Arc Capital has entered a

strategic partnership with Indian Bank.
 Digital financial services firm One97 Communications, which operates under the Paytm
brand, has formed a joint venture firm Paytm General Insurance Limited (PGIL) approved
by May 20

 AU Small Finance Bank has launched two new products of AU Royale –‘AU Royale Salary’
and ‘AU Royale Business’ current account under its affluent banking program.

According to the State Bank of India’s research report Ecowrap, India's GDP growth rate has been projected at 8.2-8.5 percent for
FY 2022.

 The RBI eased norms for non-bank entities to set up Bharat Bill Payment operating units
by reducing the net-worth requirement to Rs 25 crore from Rs 100 crore to encourage
more players in the segment.
 The Insurance Regulatory and Development Authority of India (IRDAI) has formed
various committees through the General Insurance Council (GIC) to suggest reforms in
several areas of general, reinsurance, and life insurance such as regulation, product,
distribution, among others.
 The Central Board of Direct Taxes has made new rules, called the Income-tax
(Fifteenth Amendment) Rules, 2022, as per this, the government has made quoting of
PAN or Aadhar mandatory for cash withdrawals/deposits amounting to Rs. 20 lakh
or more in a single financial year.

 The Reserve Bank of India’s Banknote Survey of Consumers findings revealed that, among

banknotes, ₹100 was the most preferred while ₹2,000 was the least preferred denomination.
 National News
 Agricultural and Processed Food Products Export Development Authority (APEDA) in
association with the India Trade Promotion Organization (ITPO) is organizing Asia’s
biggest international food and hospitality fair AAHAR-2022 at Pragati Maidan in New
Delhi.
 Rural Development Minister Giriraj Singh has launched ‘Azadi se Antyodaya Tak,’ a
90-day inter-ministerial campaign under Azadi Ka Amrit Mahotsav.
PM Narendra Modi laid the foundation stones for projects relating to healthcare and education including a Veterinary College in
Diphu, Degree College in West Karbi Anglong and Agricultural College in Kolonga.

 Union Minister for Education Dharmendra Pradhan released the ‘Mandate Document:
Guidelines for the Development of the National Curriculum Framework (NCF)’ at an
event held at the Indian Institute of Science, Bengaluru.
 Swachh Bharat Mission-Urban 2.0, under the aegis of the Ministry of Housing and
Urban Affairs, has launched the ‘National Behaviour Change Communication
Framework for Garbage Free Cities’ to strengthen the ongoing jan andolan for
‘Garbage Free Cities’.
 The National Council for Teacher Education (NCTE) has invited online applications for
the four years Integrated Teacher Education Programmes (ITEP) for the academic
session 2023-24.
 Indian Renewable Energy Development Agency (IREDA) has registered historic
annual performance in 2021-22 in the midst of a covid pandemic.
 Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane has
inaugurated the Ministry’s Mega Event: “Enterprise India” under the celebrations of Azadi
Ka Amrit Mahotsav.
 The Ministry of Ports, Shipping and Waterways will to build the first indigenous
hydrogen- fuelled electric vessels at Cochin Shipyard Limited (CSL).
 Bangladesh has discovered a new gas field with the capacity to produce 20 million cubic
feet of gas per day (MMCFD) at the Koilastila Gas field.
 Union Minister for MSME Shri Narayan Rane and Minister of State for MSME Shri
Bhanu Pratap Singh Verma along with other State Ministers and senior officials
inaugurated the
‘Enterprise India National Coir Conclave 2022’ being organised under the “Azadi ka Amrit Mahotsav” at Coimbatore,
Tamil Nadu.

 Prime Minister Narendra Modi will address the inaugural session of Jain International Trade
Organisation’s ‘JITO Connect 2022’ on 6th May 2022 through video conferencing.

 The National Capital Region Transport Corporation (NCRTC) will be receiving India's
first semi-high speed train set for Regional Rapid Transit System (RRTS) at Alstom's
Savli in Gujarat.
 Minister of Information & Broadcasting Anurag Thakur has announced that the World's
largest film restoration project under National Film Heritage Mission (NFHM) will begin
with a budget of INR 363 crores, which is awarded by the Ministry.
 Jagat Prakash Nadda has inaugurated the three-day Utkarsh Mahotsav being organized
by Central Sanskrit University in New Delhi.
 Tata Power Solar Systems has won India's largest solar engineering procurement
and construction (EPC) order for a 1 GW project worth Rs 5,500 crore from state-
owned SJVN Ltd.
 Adani Wilmar Ltd (AWL) has trounced Hindustan Unilever Ltd (HUL) from the
position of largest FMCG company in India.
  The Supreme Court is set to regain its full strength of 34 judges with two fresh
appointments to the top court
 Lok Sabha Speaker Om Birla launched the Kalam website, a literary initiative by the
Prabha Khaitan Foundation (PKF) to support and encourage vernacular literature on
May 7.
 The unemployment rate for persons of 15 years and above in urban areas slipped to 8.7
per cent in October-December 2021 from 10.3 per cent in the year-ago quarter,
showed a periodic labour force survey by the National Statistical Office (NSO).
 The World Economic Forum (WEF), in partnership with the Government’s think-tank
Niti Aayog, is focusing on putting emerging technologies such as artificial intelligence
(AI), Internet of Things (IoT), blockchain and drones, to better use to ensure they
benefit farmers, particularly small and marginal.
 The AIM-PRIME Playbook was launched at the Dr Ambedkar International Center, New Delhi.
 The Ministry of Tourism under its 'Incredible India' brand line is participating in the
Arabian Travel Market (ATM), Dubai-2022 which is being held from 9th to 12th of May.
 The three Jan Suraksha schemes of the Indian government, Pradhan Mantri Jeevan
Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal
Pension Yojana (APY) has completed 7 years of providing social security with the
commitment of recognizing the necessity to protect human life from unanticipated risks and
economic uncertainty.
 India has been unanimously elected as the new Chair of the Association of Asian
Election Authorities (AAEA) for 2022-2024.
 RailTel, a Mini Ratna PSU, has launched Prime Minister Wi-Fi Access Network Interface
(PM-WANI) scheme based on access to its Public WiFi services across 100 railway
stations across the country.
 Prime Minister Narendra Modi addressed ‘Utkarsh Samaroh’ in Bharuch, Gujarat via
video conferencing.
 To enable Khadi Institutions across the country, the Ministry of MSME has
established a Centre for Experimentation, Innovation, and Design for the Khadi Village
and Industries Commission (KVIC).
 Prime Minister Shri Narendra Modi had participated in the Second Global COVID
Virtual Summit at the invitation of the President of the U.S.A., Joseph R. Biden Jr.
The Indian delegation landed in Abidjan, Cote D'Ivoire, for the UN Convention on Combating Desertification's 15th Conference of
Parties, led by Union Minister for Environment, Forest and Climate Change Shri Bhupender Yadav (UNCCD COP15).

 The National Cyber Forensic Laboratory (NCFL) was established on the grounds of the
Central Forensic Science Laboratory (CFSL) in Hyderabad by Home Minister Amit Shah.
 NITI Aayog launched the National Data & Analytics Platform (NDAP) for free public usage.
 Eight Memorandum of Understanding (MoUs) were signed at the first Incredible India
International Cruise Conference that was jointly organised by the Ministry of Ports,
Shipping and Waterways, the Government of India and FICCI.
 Prime Minister Shri Narendra Modi paid an official visit to Lumbini, Nepal, at the request
of Nepal's Prime Minister, Shri Sher Bahadur Deuba, to coincide with the auspicious event of
Vaishakha Buddha Purnima.
 RailTel Corporation of India Ltd stated that they had created and established a
"Health Cloud" at the Andhra Pradesh Med Tech Zone premises in
Visakhapatnam (AMTZ).
 Prime Minister Shri Narendra Modi unveiled India's first 5G testbed, allowing startups
and industry companies to test and certify their technology in-house rather than relying on
foreign facilities. The testbed cost roughly Rs 220 crores to build.
 The Supreme Court applied Article 142 of the Constitution to extend exceptional
powers to AG Perarivalan, a convict in the killing of former Prime Minister Rajiv Gandhi, to
"perform thorough justice in any cause or issue standing before it".
 Mr Ashwini Vaishnaw, Union Cabinet Minister for Electronics and Information
Technology, Communications, and Railways, has inaugurated the National Institute of
Electronics and Information Technology (NIELIT) Centre Leh, Extension Centre
Kargil, and IT Enabled Incubation Centre for Handicraft and Handloom Sector.

 West Central Railway has created the Navdoot, a battery-powered dual-mode locomotive
 The Economic Advisory Council to the Prime Minister (EAC-PM) has proposed that
the government adopt a guaranteed employment programme for city residents as
well as a universal basic income (UBI) scheme to eliminate income gaps.
 Prime Minister Shri Narendra Modi established the Madhya Pradesh Startup Policy and
addressed it to the startup community via video conferencing at the Madhya Pradesh
Startup Conclave in Indore.
 Amid the Covid-19 pandemic, a new infection has been detected in parts of Kerala.
 The Union Government has announced the establishment of the Cotton Council of
India, which would be led by renowned veteran cotton man Suresh Bhai Kotak.
 Honourable Minister of Housing and Urban Affairs, Sh. Hardeep Singh Puri launched the
Plumbex India Exhibition ceremony.
 Madame Tussauds' wax museum is returning to India. The museum will be housed in a mall
in Noida.
 The 4th meeting of the National Startup Advisory Council (NSAC) was presided over by
Shri Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public
Distribution, and Textiles.
 Union Education Minister Shri Dharmendra Pradhan has begun the 'Padhe Bharat' 100-
day reading campaign.
 Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs and India's
Governor for the New Development Bank (NDB), presided over the 7th Annual
Meeting of the Board of Governors of NDB via video conference in New Delhi.
 The North East Research Conclave (NERC) 2022 was launched at IIT Guwahati by
Shri Dharmendra Pradhan, Union Minister for Education and Skill Development.
 The Ministry of Culture honoured Raja Ram Mohan Roy's 250th birth anniversary
with the Azadi ka Amrit Mahotsav.
 The Ministry of Railways has announced a collaboration with IIT Madras to create a
made- in-India Hyperloop system.
 Union Minister Dr Jitendra Singh introduced the Single National Portal for Biotech
Researchers and Start-ups, in keeping with the One Nation, One Portal ethos. BioRRAP
will be used by anyone seeking regulatory approval for biological research and development in
the country.
 The state-owned Oil and Natural Gas Corporation (ONGC) is the first gas producer to
sell domestic gas on the Indian Gas Exchange, exchanging unspecified amounts from the KG-
DWN- 98/2 block off India's coast.
 The Inter-State Council, which works to promote and support cooperative federalism in the
country, has been reconstituted with Prime Minister Shri. Narendra Modi as chairman
and chief ministers of all states and six Union ministers as members.
 The National Health Authority's Ayushman Bharat Digital Mission has introduced a
revamped Ayushman Bharat Health Account, ABHA smartphone application to handle
health records.

 Under Swachh Bharat Mission Urban 2.0, the Union Government of India has launched the
Eighth Edition of Swachh Survekshan – SS-2023.
 A supercomputer named Param Porul was inaugurated at NIT Tiruchirappalli under
National Supercomputing Mission (NSM).
 Shri Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology,
Skill Development and Entrepreneurship, attended a brainstorming session on Mission Digital
India BHASHINI - the National Language Translation Mission, organized by MeiTY
(NLTM).
 The Central Advisory Board on Archaeology (CABA), which was constituted seven years
ago to strengthen relations between the Archaeological Survey of India (ASI) and those
involved in archaeological research, has been re-established.
 Prime Minister Shri Narendra Modi launched India's largest drone festival here, while
he visited with Kisan drone pilots and saw open-air drone demos.

 According to Health Minister Shri Mansukh Mandaviya, India will introduce a newly approved
"made in India" TB infection skin test dubbed "c-TB".
 Shri Narendra Modi, Prime Minister of India, has asked infrastructure agencies to
coordinate their initiatives with the water bodies being built as part of the Amrit Sarovar
project.
 The 3rd Global Organic Expo 2022,3 days from may 26-28 2022 is poised to become a
major platform for producers, aggregators, processors, value chain integrators, and organic
partners by organizing a world-class conference, with the relevant theme “Profitability for
Humanity” in New Delhi.
 The import policy for key paper products has been changed from free to free with
mandatory registration under the Paper Import Monitoring System.
 Union Minister Dr. Jitendra Singh inaugurated the country's first "Lavender
Festival" in Jammu's Bhaderwah, where the cultivation of lavender transformed the
economy of the mountainous region.
 Union Defence Minister Shri Rajnath Singh has endorsed the proposal to establish a
new defense ring dedicated to Uttarakhand.
 To make life easier for the average man, the government plans to develop Jan
Samarth, a unified platform for the implementation of several initiatives run by several
ministries and departments.
 Jet Airways has been given an air operator's authorization by the DGCA
(Directorate General of Civil Aviation).

State News
 The Maharashtra government has developed a website-based migration tracking
system (MTS) application to map the movement of vulnerable seasonal migrant
workers through individual unique identity numbers.
 The Maharashtra Cabinet approved the 'Maharashtra Gene Bank', a first-of-its-kind
project in India.
 The Chief Minister of Chhattisgarh launched a titled ‘Mukhyamantri Mitaan Yojna’
(Mitaan stands for friend), which will be implemented as a pilot project in 14 civic bodies,
including the state capital Raipur and cities like Durg, Bilaspur and Rajnandgaon.
 A Tripartite Park and Biodiversity Partnership MoU between Government of Assam, Agence
Francaise de Development (AFD) and Office National des Forets International (ONFI)
for exchanging of expertise and sharing of knowledge between the partners on various
aspects of wildlife protection management was signed.
 Bihar has the distinction of being the first state in the country to set up a greenfield
grain- based ethanol production plant.
 Telangana state Government has announced extension of insurance coverage to
handloom and power loom weavers under ‘Nethanna Bima’ (Weaver’s Insurance)
Scheme.
 Jammu and Kashmir Film Development Council in collaboration with National Film
Development Corporation and Union Ministry of Information and Broadcasting, is
organizing the first ever National Film Festival of Jammu and Kashmir from 15th to
20th June, 2022.
 Union Minister of Housing and Urban Affairs Hardeep Singh Puri launched the
Online Building Permission System (OBPS) in sikkim.
 The name of a railway station in Rajasthan’s Barmer district, Miyan ka Bada’ railway
station name changed to ‘Mahesh Nagar halt’ was held in the Balotra area of Barmer
district.
 The Medical Education and Drugs Department (MEDD) and International Finance
Corporation (IFC) have joined forces to prioritise healthcare projects with an emphasis
on medical education under the public-private partnership (PPP) model in
Maharashtra.
 Manipur Chief Minister N. Biren Singh launched the Direct Benefit Transfer for
18,000 registered farmers under Horticulture Department for Mission Organic
Value Chain Development for North Eastern Region (MOVCDNER), Phase- III
(2020-23).

 The Kerala government is set to launch an Android app named ‘Shaili App’.
 The Haryana government has launched the e-Adhigam scheme under which nearly three
lakh tablets were distributed to government school students of grade 10 and 12.
 The Maharashtra Department of Prisons has launched a loan scheme called Jivhala
for inmates serving sentences in jails across Maharashtra, being offered by the
Maharashtra State Cooperative Bank.
 To mark the completion of DMK government's first anniversary, Tamil Nadu Chief
Minister MK Stalin announced that all Government primary school students from 1st
to 5th standards will be provided nutritious breakfast on all working days.
 As per Mercom’s India Solar Project Tracker, Rajasthan became the first state in
India to surpass 10 GW of cumulative large-scale solar installations.
 Under the ‘Mukhyamantri Muft Sewer Connection Yojana, a total of 25,000 households in
East Delhi will be provided free sewer connections.

● In remembrance of Lata Mangeshkar, a new crossroad is set to be developed in Ayodhya

that will be named after the late legendary singer to honour her memory.

● The Lokpal of India is set to move into a permanent office at World Trade Centre in south
Delhi’s Nauroji Nagar.
● Haryana agriculture and farmers’ welfare minister JP Dalal launched Chaara-Bijaee
Yojana (fodder cultivation scheme) for farmers.
 Madhya Pradesh Chief Minister Shivraj Singh Chouhan has launched the second
phase of the Ladli Laxmi scheme (Ladli Laxmi scheme-2.0).
 In Manipur, the Poumai tribe has declared that Poumai inhabited areas will be a Drug-
Free Zone supporting the State government’s War on Drug campaign.
 India's leading sustainable energy solutions provider and renewable power producer, Azure
Power has successfully commissioned its 90 MW solar power project in Assam, the largest
in the state.
 Union Environment Minister Bhupender Yadav has announced that The Ramgarh
Vishdhari Sanctuary in Rajasthan was notified as India’s 52nd tiger reserve
 Punjab Chief Minister Bhagwant has launched a first-of-its-kind public interaction
programme, ‘Lok Milni’, on hearing grievances of people and issuing directions for
their redressal.

 The Delhi Cabinet has approved the implementation of the Delhi Startup Policy.
 The Government of Kerala will launch a first-of-its-kind initiative state-owned over-the-
top (OTT) platform, named 'CSpace', on November 1 (coinciding with the Kerals’s
formation day

).

 Nexcharge, a joint venture between India's Exide Industries Limited and Swiss-
based Leclanché SA, has started the mass production of the nation's largest lithium-
ion battery packs at its factory in Prantij, Gujarat.
 The Punjab Cabinet approved an incentive of Rs 1,500 per acre for farmers sowing
paddy through direct seeding of rice (DSR) technique.
 Jammu & Kashmir will soon organize the first of its kind, Bird Festival to promote
sustainable ecotourism and give impetus to nature-based alternative sources of livelihood to
the local people.
 The Delhi government has inducted a unique initiative of using robots for extinguishing
fires in Delhi.
 Chief Minister M.K. Stalin remotely launched the Kalaignar’s All Village Integrated
Agriculture Development Project in the districts of Krishnagiri, Dharmapuri and
Erode.
 The new Tripura Cabinet headed by CM Manik Saha has decided to adopt the
Tripura Electric Vehicle Policy 2022, to promote electric vehicles, in an effort to
cut down on environmental pollution and uphold Tripura as an eco-friendly tourist
destination.
 Odisha Chief Minister Naveen Patnaik launched India’s first ‘Olympic Values
Education Programme’ (OVEP) by the International Olympic Committee (IOC) in
Odisha.
 Uttar Pradesh minister for urban development and energy, Shri A K Sharma launched
SAMBHAV or Systemic Administration Mechanism for Bringing Happiness and Value
portal
 - www.sambhav.up.gov.in platform/portal that will monitor public grievances, programs, schemes, projects and
policies of Urban Development and Energy Departments of Uttar Pradesh government effectively and
transparently.

 Redcliffe Labs, a unit of Redcliffe Lifetech in the U.S., has come up with its first
commercial drone flight in Uttarakhand in the India healthcare sector.
 Union Home Minister Shri Amit Shah has inaugurated & laid foundation stones of various
infrastructure projects worth Rs.1180 crore in Arunachal Pradesh during a public meeting
at Namsai, Arunachal Pradesh.
 Kolkata mayor, Firhad Hakim announced Kolkata has become the first major
metropolitan city in India to make a detailed biodiversity register.
 The 4th Edition of State-Level Shirui Lily Festival 2022 began at Shirui Village
Ground in Ukhrul district, Manipur from May 25 to May 28, 2022.
 Rajasthan is the first state in the country to institutionalize health accounts which will
help in estimating the amount spent on the health sector and its impact with the help of the
World Health Organization(WHO).
 Chief Commissioner, Delhi Customs Zone, Shri Surjit Bhujabal inaugurated project
‘NIGAH’ at ICD Garhi Harsaru, Gurugram.
 Rajasthan Chief Minister Ashok Gehlot has approved new guidelines for the
implementation of ‘Indira Gandhi Shahari Rozgar Yojana’.
 The government of Telangana has launched a single-pick cotton pilot project on
50,000 acres.
 Tamil Nadu Minister for Forests K. Ramachandran announced in the Assembly,
that Nanjarayan Tank in Tiruppur district is the 17th bird sanctuary of Tamil
Nadu.
 Minister Ayush Sarbanand Sonowal announced that the main event of the 8th
International Day of Yoga (IDY) 2022 will be held at Mysore in Karnataka on June 21,
2022.

International News
 The UN World Tourism Organization announced that Russia has decided to withdraw
from the United Nations Tourism body.
● Prime Minister Narendra Modi and German Chancellor Olaf Scholz co-chaired the sixth edition
of the India-Germany Inter-Governmental Consultations-IGC in Berlin.
 Prime Minister Narendra Modi will participate in the 2nd India-Nordic Summit along
with Prime Ministers of Denmark, Iceland, Finland, Sweden and Norway.
 Bangladesh has discovered a new gas field with the capacity to produce 20 million cubic
feet of gas per day (MMCFD) at the Koilastila Gas field.
 Prime Minister Narendra Modi visited three European Countries- Germany, Denmark
and France from 2nd to 4th May, 2022.
 The World’s Longest Glass Bridge named Vietnam’s Bach Long pedestrian bridge
was opened in Moc Chau District, Son La Province, Vietnam.
 The world's longest suspension footbridge named Sky Bridge 721 was opened to the
public in Czech Republic's Dolni Morava village for tourists.
 A team of experts from the National Geographic Society has installed the “world’s
highest weather station” on Mt. Everest at an altitude of 8,830 meters to
automatically measure various meteorological phenomena.
 Belgium has become the first country to make a 21-day quarantine
compulsory for monkeypox patients after 4 cases of the disease were
reported.
 The World Economic Forum (WEF) has launched the India chapter of the Alliance of CEO
Climate Action Leaders to supercharge India’s climate action and decarbonization
efforts.
 Kuwait's Ministry of Oil announced that it plans to start building the world’s
largest petroleum research center by the end of 2022 in al-Ahmadi, south of
Kuwait city.

Ranks and Indices

 The UN Office for Disaster Risk Reduction (UNDRR) released the Global Assessment
Report on Disaster Risk Reduction 2022 ahead of the Global Platform for Disaster Risk
Reduction in May 2022, which has warned that the world will face around 560 disasters
every year by 2030.
● According to the National Statistical Office (NSO), the overall unemployment rate for
those above 15 years of age in urban areas reduced to 8.7% from 10.3% between
October and December 2021.
● According to the annual report on Vital Statistics based on 2020 Civil Registration
System report, The Union Territory of Ladakh recorded the highest sex ratio (1104)
at birth in the country in 2020, followed by Arunachal Pradesh (1011), Andaman and Nicobar
Islands (984), Tripura (974) and Kerala (969).
● According to the World Economic Forum’s new report, titled Fostering Effective
Energy Transition 2022, urgent action is required by both private and public sectors to
ensure a resilient transition as the world faces the most severe energy crisis since the
1970s.
● According to the United Nations ‘Global Land Outlook’ report, released by the United
Nations Convention to Combat Desertification (UNCCD), Pakistan is one of 23 nations
that have experienced drought in the past two years (2020-2022).
● Chairman, Economic Advisory Council to the Prime Minister (EAC-PM), Dr Bibek
 Debroy has released the State of Inequality in India Report.

● The Department of School Education and Literacy, Ministry of Education released the
National Achievement Survey (NAS) 2021 report.
● According to the Global Food Policy Report, 2022 released by the International Food
Policy Research Institute(IFPRI), the number of Indians at risk from hunger is expected
to be 73.9 million by 2030 and, if the effects of climate change were to be factored in, it
would increase to 90.6 million.
● According to a report by the Indian Council for Medical Research (ICMR) on the ‘Burden
of cancers in India’, The number of Indians suffering from cancer is projected to
increase to 29.8 million in 2025 from 26.7 million in 2021.

Agreements and MoU signed

● Flipkart has signed a memorandum of understanding with the West Bengal government
to train and support local artisans, weavers and handicraft makers to leverage its e-
commerce platform to scale up their businesses nationally.
● The African Asian Rural Development Organisation (AARDO) and the Indian Institute
of Management Kozhikode (IIM-K) have signed an MoU (Memorandum of
understanding) to encourage and work collaboratively in research, consulting firms,
technical and knowledge
assistance in promoting sustainable agriculture and rural development practices in the 33 member-AARDO,
which involves 31 nations in the Asian-African region.

● The Ministry of Railways signed a Memorandum of Understanding (MoU) with the

Centre for Development of Telematics (C-DoT) to establish a collaborative working
partnership.
 Bharat Heavy Electricals Limited (BHEL) and GE Power Conversion signed a
Memorandum of Understanding (MoU) for the development of Integrated Electric
Propulsion Systems for the Indian Navy.
 India and Germany have signed joint declaration of Intent on Indo-German Hydrogen Task
Force.
 External Affairs Minister Dr. S. Jaishankar held a meeting with German Minister for Economic
Cooperation and Development Svenja Schulze in Berlin .
 Moroccan Ministry of Finance stated that the agreement was signed by the Moroccan
Finance and Economy Minister, Nadia Fettah and the General Director of the OPEC Fund,
Abdulhamid Alkhalifa
 NTPC GE Power Services Limited (NGSL) has inked a tripartite Memorandum of
Engagement (MoE) with The Lake Region Economic Bloc (LREB), Kenya and
Procorp Enertech Private Limited (PEPL) to work towards the development of Ground
Mounted & Floating Solar PV Projects in The Lake Region of Kenya.
 The National Investment and Infrastructure Fund's (NIIF) Ayana Renewable Power
(Ayana) and Norway-based Greenstat ASA’s subsidiary Greenstat Hydrogen India,
have entered into a joint development agreement for development of green hydrogen
projects powered by renewable energy in India.
 A Memorandum of Understanding (MoU) was signed between the Ministry of Home
Affairs (MHA) and Solar Energy Corporation of India Limited (SECI) in New Delhi which
envisages
collaboration between the two parties for jointly undertaking installation of Solar Rooftop PV Power Plants.

 As part of the ‘Azadi ka Amrit Mahotsav’ celebration, National Highways Authority of

India (NHAI) holds a two-day regional conference in Lucknow with NHAI officials and
other regional stakeholders from Uttar Pradesh East & West, Uttarakhand and Bihar.
● Air Works, an Indian maintenance, repair, and overhaul (MRO) company is partnered
with the Boeing Company in undertaking heavy maintenance checks on three Indian
Navy P-8I long-range maritime patrol aircraft simultaneously at Air Works, Hosur for
underscoring the success of the government’s Atmanirbhar Bharat (self-reliant India)
campaign.
● The Railways Ministry and the Centre for Development of Telematics (C-DoT) have
signed an MoU for developing local digital solutions for railways to reduce its
dependence on foreign technology.
● Air India Engineering Services Ltd (AIESL) , a wholly owned Subsidiary of Air India
entered into an MoU with Boeing for the Maintenance, Repair and Overhaul (MRO) of
critical equipment on key Boeing defence platforms in India, including the P-8I operated by the
Indian Navy and the 777 VIP aircraft operated by the Indian Air Force.
● India's public broadcaster Prasar Bharati has signed a Memorandum of
Understanding (MoU) with Madagascar's official ORTM (Office de la Radio et de la
Television) for cooperation and collaboration in broadcasting.
● Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan
Petroleum Corporation Limited (HPCL) have signed a long-term purchase agreement (LTPA) for
upcoming dedicated ethanol plants across India.
● OMC Power announced a long-term relationship agreement with the Indian
Renewable Energy Dev Agency Ltd (IREDA) towards building a Rural renewable
energy ecosystem.
● The Ministry of Rural Development and Amazon Seller Services Private Limited
(Amazon) signed an MoU at Krishi Bhawan, New Delhi .
● Indian National Centre for Ocean Information Services (INCOIS), Hyderabad, has
signed a memorandum of understanding (MoU) with the Indian Navy to provide training
services and support to the School of Naval Oceanology and Meteorology (SNOM) for
conduct of various courses related to operational oceanography.
● The Central government has launched the "GatiShakti Sanchar" platform for centralised
Right of Way (RoW) permissions in order to allow universal and equal access to broadband
services across India, particularly in rural areas.
 The National Film Festival of Jammu and Kashmir is quickly approaching, and the
J&K Department of Information and Public Relations has signed a Memorandum of
Understanding with the National Film Development Corporation Limited.
 In the presence of Uttarakhand Chief Minister Mr Pushkar Singh Dhami, an MoU was signed
between the Uttarakhand government and Bharat Petroleum Corporation Limited (BPCL) to
promote the renewable energy industry and other initiatives in the state.
 During the current World Economic Forum (WEF) annual conference in Davos, Switzerland, the
Maharashtra government signed a memorandum of understanding (MoU) worth over 30,000
crores.
 Dr. Mansukh Mandaviya led a high-level delegation to Jordan in a first-of-its-kind mission to
secure fertilizers and raw materials for the short and long term.
 Acquisitions & Mergers
 Telecom operator Bharti Airtel has acquired around 7 per cent stake in cloud-based
networking solutions provider Cnergee Technologies under the Airtel Startup
Accelerator Program.
● L&T Infotech and Mindtree, the two independently listed IT services companies under Larsen
& Toubro Group have announced a merger that would create India's fifth-largest IT
services provider.
 Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank Ltd (ESFBL) has received
no objection from the Reserve Bank of India (RBI) on the voluntary amalgamation of
both units
● An online food-delivery app, Swiggy has agreed to buy Times Internet's restaurant
technology and dining out platform Dineout.
● The Competition Commission of India (CCI) approved acquisitions of a majority stake in
Magma HDI General Insurance Company Ltd by Sanoti Properties LLP & proposed
deal Covidshield Technologies Pvt Ltd (CTPL), a wholly-owned subsidiary of Serum
Institute of Life Sciences, will be merged into Biocon Biologics Limited.
 Walmart-backed PhonePe will acquire 2 wealth tech platforms WealthDesk
('Wealth Technologies & Services Private Limited') and OpenQ (Quantech
Capital Investment Advisors Private Limited) total deal is in the range of USD 75
million.
 Singapore’s sovereign wealth fund, GIC, is acquiring a 7.5% equity stake in Aditya
Birla Fashion and Retail (ABFRL) for Rs 2,195 crore by way of preferential issue of
equity and warrants.
 India’s largest coal producer, Coal India Limited (CIL), is planning to divest a 25 percent
stake in its unlisted arm Bharat Coking Coal Ltd (BCCL), and will go for the subsequent
listing of the subsidiary on stock exchanges after obtaining further clearances.
 Emirates Telecommunications Group Company PJSC “e&" (Etisalat Group) has
acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4
billion, these shares represent 9.8% of Vodafone's issued share capital.
 A wholly-owned subsidiary of Adani Enterprises, Adani Defence Systems and
Technologies Ltd., signed an agreement to acquire a 50% stake in Bengaluru-based
General Aeronautics Pvt. Ltd.
 Sports News
 Indian badminton ace PV Sindhu settled for the bronze medal after losing to reigning world
champion Akane Yamaguchi of Japan in the Badminton Asia Championships 2022
women’s singles semi-final in Manila, the Philippines
 The second edition of the Khelo India University Games will conclude with a glittering
closing ceremony to be graced by Union Home Minister Amit Shah among other
dignitaries.
 In Weightlifting, Harshada Sharad Garud scripted history by becoming the first Indian to
win a gold medal at the IWF Junior World Championships at Heraklion in Greece.
 In Meghalaya, the 4th edition of Meghalaya Games-2022 began at various sports facilities in
Shillong.
 India paddler Manika Batra has achieved a career-best ranking of 38 in women’s
singles after she climbed 10 places in the latest ITTF Table Tennis World
Rankings.
 In Hockey, a total of 29 teams will fight it out to lift the trophy at the 12th Hockey India
Sub Junior Men National Championship 2022 which starts in Goa.
 Haryana Chief Minister Manohar Lal Khattar has announced that a stadium will be built
in Olympic gold-medallist Neeraj Chopra's native village in Panipat.
 In Football, Hosts Kerala beat West Bengal 5-4 in a penalty shootout at the Payyanad
Stadium in Malappuram to win the Santosh Trophy National Tournament for the
seventh time.
 Real Madrid clinched a record-extending 35th Spanish league title after its reserve
squad comfortably defeated Espanyol 4-0
 The Asian Games 2022, due to be held in Hangzhou, China in September, have been
postponed to 2023 due to rising COVID-19 cases in the country, the Olympic Council of
Asia (OCA) was announced.
● A Nepali mountaineer identified as Kami Rita Sherpa has created history by scaling
Mount Everest for the 26th time.
● Priyanka Mohite from Satara in western Maharashtra has become the first Indian
woman to scale five peaks above 8,000 metres after she climbed Mount Kanchenjunga.
 India won its second gold medal in shooting at the ongoing 24th Deaflympics in
Caxias do Sul, Brazil, with Abhinav Deshwal claiming the men's 10m air pistol title.
 Red Bull’s reigning champion Max Verstappen won the first-ever Miami Grand Prix
after sprinting past Charles Leclerc who started at the pole position.
 Rising Spanish tennis star Carlos Alcaraz clinched the Madrid Open title, beating
defending champion Alexander Zverev.
 Indian Grandmaster D Gukesh has emerged champion in the 1st Chessable
Sunway Formentera Open 2022 chess tournament.
● Union Sports Minister Anurag Thakur launched the mascot ‘Dhakad’ along with the official
logo and official jersey of the Fourth Khelo India Youth Games at Panchkula and
lauded the effort of Haryana to host the games.
● Tokyo Olympics bronze medallist Lovlina Borgohain kickstarted her campaign on an
impressive note by notching up a thrilling win at the 12th edition of the IBA Women’s
World Boxing Championships in Istanbul.
● Indian archers wrapped up a highly successful Asia Cup 2022 Stage-2 campaign in
Sulaymaniyah, Iraq with a total of 14 medals – eight golds, four silvers and two
bronze.
● India won its maiden Thomas Cup title beating 14-time champion Indonesia 3-0 in the
final in Bangkok.
 Korea surprised defending champions China to win their second Uber Cup title
during an exciting final at the Impact Arena in Bangkok, Thailand.
 Kenton Cool, a British climber, has conquered the world's highest mountain for the
16th time, becoming the first foreign climber to do so.
 World number one Novak Djokovic of Serbia defeated Stefanos Tsitsipas to win the
79th Italian Open (Internazionali BNL d'Italia) in Rome and the 38th ATP Masters
 1000 title.
 The Board of Control for Cricket in India (BCCI) has banned journalist Boria Majumdar
for two years after an internal investigation found him guilty of attempting to "threaten
and intimidate" wicketkeeper Wriddhiman Saha.
 Nikhat Zareen stunned Thai Olympian Jutamas Jitpong 5-0 to become the fifth
Indian woman to win a World title at the Women's World Championships in
Istanbul.
 Max Verstappen won the Spanish Grand Prix in a Red Bull, taking up the lead from
Ferrari's Charles Leclerc, who retired with an engine failure while leading at the Circuit de
Barcelona- Catalunya.

 Rameshbabu Praggnanandha wins Reykjavik Open 2022 held in Iceland at the age of

16.
 Odisha's women's team earned their first Senior Nationals gold medal, defeating
Karnataka 2-0 in the final of the 12th Hockey India Senior Women's National
Championship.
 Rhythm Mamania, a 10-year-old champion skater from Worli, has become one of the
youngest Indian mountaineers to reach the Everest Base Camp (EBC) in Nepal's
Himalayan ranges.
 German club Eintracht Frankfurt won their first European championship in 42 years
after defeating Rangers on penalties 5-4 in Seville, Spain.
 India's men's badminton team wins the Thomas Cup for the first time, defeating
superpower Indonesia 3-0 in the final.

 Manchester City has won their fourth Premier League title in 2021-2022.
 Haryana's hockey team won the Hockey India sub-junior women's national
championship 2022 in Imphal, defeating Jharkhand's hockey team 2-0 in the final.
 The Indian cricket board, which is known for being slow to adopt new protocols, has
now chosen to investigate the use of non-fungible tokens (NFT).
 Shikhar Dhawan of the Punjab Kings has become the first player in Indian Premier
League history to score 700 fours (IPL).
 The Supreme Court has established a three-member Committee of Administrators (CoA)
chaired by former Supreme Court judge AR Dave to oversee the business of the All-India
Football Federation (AIFF) and the approval of its constitution in accordance with the
National Sports Code and model guidelines.
 In an exciting Pool B match, the Indian men's team scored six goals in the last
quarter to defeat Indonesia 16-0.
 The 12th edition of the 2022 International Boxing Association (IBA) Women's World
Boxing Championship (WWBC) was place at Istanbul's Başakşehir Youth and Sports
Facility.
 Indian shooters concluded their campaign on top with a total of 33 medals at the ISSF
Junior World Cup 2022 in Suhl, Germany.
 International Boxing Association (IBA) has announced that Indian boxer and Tokyo
Olympics Bronze medallist Lovlina Borgohain has received the highest number of votes
during the election held at the 2022 Women's World Championships and thus has been
elected as the chair and a voting member on the Board of Directors for the IBA's
Athletes' Committee.
 Adani Sports line, a part of the Adani Group, made a foray into franchise cricket by acquiring
the rights to own and operate a franchise in UAE T20 League.

 Gujarat Titans (GT) won the Indian Premier League (IPL) 2022 at the Narendra Modi
Stadium in Ahmedabad, defeating the inaugural winners Rajasthan Royals (RR).

 Supernovas defeated Velocity by four runs in the final of the Women's T20 Challenge

2022.
 Defence News
 DEFENDER-Europe 22 is a multinational, regular joint and combined exercise organized by
the United States Armed Forces to build preparedness and interoperability between Allies
and partners of the USA and NATO.
 As part of Mission SAGAR IX, INS Gharial INS Gharial arrived at Colombo to provide
critical medical aid to Sri Lanka during the ongoing crisis
 The Cochin Shipyard Limited (CSL) will hand over India's first Indigenous Aircraft
Carrier (IAC) which will be named 'INS Vikrant' to the Indian Navy by May 2022.
 Indian Coast Guard chief VS Pathania commissioned its second Air Squadron,
845 Squadron (CG), at the Coast Guard Air Enclave at Nedumbassery in
Kochi.

 Defence minister Shri Rajnath Singh launched two made-in-India warships 'Surat' and
'Udaygiri' at the Mazagon Dock Shipbuilders Limited (MDL) in Mumbai, Maharashtra.
 Defence Research and Development Organization (DRDO) and Indian Navy
successfully conducted maiden flight-test of indigenously-developed Naval Anti-Ship
Missile launched from a Naval Helicopter from Integrated Test Range (ITR),
Chandipur off the coast of Odisha.
 The new generation two-seater flying trainer aircraft, HANSA-NG designed and developed by
Council for Scientific and Industrial Research (CSIR)-National Aerospace
Laboratories (NAL), successfully completed in-flight engine relight test at the aeronautical
test range
(ATR) facility of Defence Research Development Organisation (DRDO) at Challakere in
Chitradurga district, Karnataka.

 The US Air Force had conducted a successful test of a hypersonic weapon, which flew at
five times the speed of sound.
 The fourth edition of the Indian Navy-Bangladesh Navy Coordinated Patrol
(CORPAT) commenced in the Northern Bay of Bengal .
 The 3rd edition of Indian Navy and Bangladesh Navy Bilateral exercise Bongosagar
2022 commenced at Port Mongla, Bangladesh.
 The Army Training Command signed a memorandum of understanding (MoU) with
Gandhinagar-based Rashtriya Raksha University (RRU) to develop a ‘Wargame
Research and Development Centre’(prototype name ‘WARDEC’) in New Delhi.
 The Indian Navy successfully tested its ship-based surface-to-air missile (SAM)
system by taking down a low flying target.
 The Indian Navy has launched the second of four Survey Vessels (Large) (SVL)
Nirdeshak (Yard 3026) at Kattupalli, Chennai, Tamil Nadu to replace the existing
Sandhayak Class survey ship.

Awards & Honour

● On April 28, 2022, The Border Roads Organisation (BRO) Engineering Marvel Atal Tunnel
built in Rohtang of Himachal Pradesh received Indian Building Congress (IBC) ‘Best
Infrastructure Project’ award in New Delhi.
● During the 7th edition of International conference on Pharma and Medical Devices sector 2022,
Union Minister of State for Chemicals & Fertilizers (MoC&F), Shri Bhagwanth Khuba along with
the Secretary, Department of Pharmaceuticals also conferred India Pharma and India Medical
Devices Awards 2022.
 Charudutt Mishra, a snow leopard conservationist, was awarded the Whitely Gold Award
at the Royal Geographical Society in London.
 Cynthia Rosenzweig, a senior research scientist and head of the Climate Impacts Group
at NASA’s Goddard Institute for Space Studies (GISS) in New York City, received
the 2022 World Food Prize from the World Food Prize Foundation.
● The Department of Food and Public Distribution (DFPD) received the prestigious Prime
Minister’s Award for Excellence in Public Administration, 2020 for its scheme ‘One
Nation One Ration Card’ (ONORC).
● At the Indo-American Chamber of Commerce(IACC) 6th Entrepreneur & Leadership
Awards 2022, Dr Bina Modi, Chairperson of Modi Enterprises was adjudged the
‘Woman Transforming India’ Award.
● Chief executive officer of Penlon, a British medical device manufacturing firm,
Gurusamy Krishnamoorthy is all set to receive the Member of the Royal Order of British
Empire (MBE) recognition from the Queen at Buckingham Palace, London, UK.

● The Bengali translation of French novel “Meursault, contre-enquête” (The Meursault

Investigation) has won the fifth Romain Rolland Book Prize.

● Well-known Indian architect Balkrishna Doshi conferred the prestigious Royal Gold
 Medal 2022, one of the world’s highest honours for architecture, by the Royal Institute of
British Architects (RIBA), London, United Kingdom.
● Penguin Press author and Nobel Prize-winning theoretical physicist Dr Frank
Wilczek has won the 2022 Templeton Prize.
 Piramal Group chairman Mr Ajay Gopi Kishan Piramal has received an honorary commander of
the order of the British Empire (CBE) by Her Majesty The Queen.
 Cameroon activist and board member of the African Forest Forum, Ms Cecil
Ndjebet has won the 2022 Wangari Maathai Forest Champions Award.
 Karnataka Vikas Grameena Bank (KVGB), has bagged 6 National Awards in different
Categories” for outstanding achievement under enrolment of Atal Pension Yojana (APY)
from Pension Fund Regulatory and Development Authority (PFRDA).
 Author and journalist Mr Wesley Morgan has won the William E. Colby Award for his
book titled The Hardest Place: The American Military Adrift in Afghanistan's Pech
Valley.
 The Billboard Music Awards 2022 honors the artists across genres whose music has
received the most fanfare over the past year were held at the MGM Grand Garden Arena in
Las Vegas.
 An innovator from Rajasthan , Mr Shri Subhash Ola has won the 1st prize for the
Amazon Smbhav Entrepreneurship Challenge 2022 and his enterprise
"Geniusenergy Critical Innovation Private Limited" has won the Start-up of the
Year award.
 Cummins India’s Ms Anjali Pandey has been awarded the prestigious Committed
Leader Award at CII EXCON 2022 in Bengaluru,Karnataka.
 The WHO Director-General Dr Tedros Adhanom Ghebreyesus has announced six
awards to recognize outstanding contributions to advancing global health,
demonstrated leadership and commitment to regional health issues
 Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation
Authority, Chairman of Dubai Airports and Chairman and Chief Executive of
Emirates Airline and Group honored the winner of the Aster Guardians Global
Nursing Award at an award ceremony held at Atlantis The Palm, Dubai.
 The Music Academy announced the Sangita Kalanidhi and other awards for various
artists from the years 2020, 2021 and 2022.
 Director of the ICAR-Central Marine Fisheries Research Institute (CMFRI), Dr A
Gopalakrishnan, has won the prestigious VASVIK (Vividhlaxi Audyogik Samshodhan
Vikas Kendra) Industrial Research Award for the year 2020 in the category of
Agricultural Sciences and Technology.
 Business tycoon Gautam Adani, Supreme Court lawyer Karuna Nundy, and prominent
Kashmiri human rights activist Khurram Parvez have been named among the world’s 100
most influential people of 2022 by TIME magazine.
 Union Power Minister RK Singh has conferred National Hydroelectric Power
Corporation Limited (NHPC Limited) with the first prize for the year 2020-21 and the
second prize for the year 2018-19 for excellent implementation of Rajbhasha.
 On the occasion of Rabindranath Tagore's birth anniversary, the chief minister of West
Bengal, Mamata Banerjee, has received the first Bangla Academy award for her
"relentless literary pursuit at the "Ravi Pranam" function organized by the
government's information and culture department.
 President of India and South Asia for Rolls-Royce, Kishore Jayaraman, has
received an honorary Officer of the Order of the British Empire (OBE) by Her
Majesty The Queen.
● Delhi-based author Geetanjali Shree and American translator Daisy Rockwell, won the
International Booker Prize for their novel ‘Tomb of Sand’.

● Two-time Emmy award-winning American actor and producer Vincent De Paul

presented an award for Excellence in Cinema to the Bollywood actor Nawazuddin
Siddiqui at the French Riviera Film Festival in Cannes.
● The World Health Organization (WHO) has selected Jharkhand for the World No Tobacco
Day (WNTD) Award-2022 in recognition of its efforts to reduce tobacco consumption.
 Science and Technology
 Indicating the eventual human spaceflight (Gaganyaan) mission profile, ISRO has finalized the
first uncrewed mission or G1 which will see the launch vehicle inject the orbital module into
a 170 X 408km.
 The Indian Navy and the Andaman and Nicobar Command jointly test fired an anti-
ship version of the BrahMos supersonic cruise missile
 The Airports Authority of India successfully conducted a light trial using an indigenous
satellite based augmentation system (SBAS) called GAGAN (GPS Aided GEO
Augmented Navigation) at the Kishangarh airport in Rajasthan.
 Researchers from IIT Hyderabad (IITH) have demonstrated extreme massive multiple-
input multiple-output (MIMO) technology that is being considered for deployment of 5G
and next generation 6G networks.
 The Russian space agency conducted a satellite launch using the brand new Angara-1.2
light launch vehicle.
 The Indian Navy is looking to acquire a dedicated earth imaging satellite named Geo
Imaging Satellite-2 (Gisat-2) as part of its modernisation and network-centric warfare and
communications programme in the fiscal year

 Bengaluru-based Bellatrix Aerospace has developed an environmentally benign propulsion

system for satellites that promises a possible 20 percent increase in fuel efficiency for space
satellites.
 The National Aerospace Laboratories (NAL) initiated taxi trials for the evaluation of an
indigenously developed digital anti-skid braking system for the civil aircraft, SARAS Mk2,
19- seat Light Transport aircraft.
 According to the American space agency National Aeronautics and Space
Administration (NASA), has stated that a giant space rock Asteroid 388945 (2008
TZ3) 1,608 feet wide would make a close approach to earth.
 Chinese scientists have proposed a space project named Closeby Habitable Exoplanet
Survey (CHES) to survey the sky with the help of a space-borne telescope, in the quest
for habitable terrestrial planets outside the solar system.
 Private sector rocket maker Skyroot Aerospace Private Ltd successfully tested the Kalam-
100 rocket that will power the Vikram-1 rocket’s third stage/engine.
 The National Aeronautics and Space Administration(NASA) & Boeing successfully
launched Starliner spacecraft - uncrewed mission called Orbital Flight Test 2 (OFT-2)
from Space Launch Complex-41 at Cape Canaveral Space Force Station in Florida,
USA.
 The Indian Space Research Organisation (ISRO) plans to build an identical pair of
satellites named DISHA (Disturbed and quiet time Ionosphere-thermosphere System
at High Altitudes) L&H to study the physics and chemistry of the upper atmosphere
including the distribution of temperature, density, and chemical constituents, and the chemical
reactions that occur there.
 A new species of old-world monkey recorded from Arunachal Pradesh has been named after
a strategic mountain pass at 13,700 ft above sea level.

Books and Authors

● 11th and Former Comptroller and Auditor General of India (CAG) India and
Padma Bhushan Vinod Rai have penned down a new book titled “Not Just A
Nightwatchman: My Innings in
the BCCI”.
● Former Maharashtra Chief Minister Devendra Fadnavis has released "Amit Shah
Ani Bhajapachi Vatchal," a Marathi version of the book "Amit Shah and the
March of the BJP," about Union Minister of Home Affairs Amit Shah.
 “Leaders, Politicians, Citizens: Fifty Figures Who Influenced India’s Politics”
book has been authored by author-journalist Rasheed Kidwai compiles stories of
50 personalities who influenced India’s political landscape.
● Rajnath Singh has released a book titled 'INDO-PAK WAR 1971-
Reminiscences of Air Warriors'.
 Bestselling novelist Preeti Shenoy is scheduled to release a new novel titled "A
Place Called Home," which is set at a coffee estate in Sakleshpur, Karnataka,
and has a strong female protagonist.
 On Ruskin Bond's 88th birthday, Penguin Random House India (PRHI) released
a new book titled "Listen to Your Heart: The London Adventure".