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Current Affairs 10 July 2024

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NATIONAL AFFAIRS

India Employment Provisionally Grew at 6% in FY24 from 3.2% in FY23: RBI DataIndia employment provisionally grew at 6% in FY24 vs 3.2% in FY23On 8th July 2024, the Reserve Bank of India (RBI) released Measuring Productivity at the Industry Level- The India KLEMS (Capital (K), Labour (L), Energy (E), Material (M) and Services (S)) Database. As per RBI’s data, India’s employment rate provisionally grew at 6% in the fiscal year ended on 31st March, 2024 from a growth rate of 3.2% in FY23 (2022-23).

  • RBI data showed that employment in the country increased by 4.67 crore (46.7 million) to 64.33 crore (provisional) in FY24 (2023-24) from 59.67 crore in FY23. This number is much higher than the estimates by private surveys that point out the country’s high unemployment rate.
  • This is for the 1st time that RBI is attempting a provisional estimate of productivity for the entire economy for the FY24 based on available information.

Key Points:
i.RBI’s KLEMS database highlighted that the total number of employed people as a ratio of the total population has increased from 34.7% in FY18 (2018-19) to 44.2% in FY24.

  • The unemployment ratio has decreased from 2.2% in FY18 to 1.4% in F24.

ii.RBI data further revealed that employment in India increased from 57.75 crore in FY22 (2021-22) to 59.67 crore in FY23.
iii.As per RBI database, the employment in sectors like: agriculture, hunting, forestry and fishing increased from 24.82 crore in FY22 to 25.3 crore in FY23.

  • It outlined construction, trade, and transport and storage were the main sectors which generated highest employment opportunities.

iv.The data also noted that high-skilled activities such as: financial and business services, education, and health care are contributing significantly in the share of educated workers.
About RBI’s Database:
i.It comprises the Data Manual 2024 and time-series data on productivity for 27 industries which covered the period 1980-81 to 2022-23.

  • The RBI uses data from the government’s National Accounts and Ministry of Labour to extrapolate the country’s productivity and employment levels.

ii.The estimates provided by the database are based on broad sectors such as: agriculture, manufacturing, and services and at the all-India levels.
iii.The document describes the procedures, methodologies and approaches used in the construction of India KLEMS database version 2024.

  • It includes measures like: Gross Value Added (GVA), Gross Value of Output (GVO), Labour employment (L), Labour Quality (LQ), Capital Stock (K), Capital Composition (KQ), the consumptions of Energy (E), Material (M) and Services (S) inputs, Labour Productivity (LP) and Total Factor Productivity (TFP).

Related Information:
i.According to the Citibank’s latest report released on 1st week of July 2024, India’s growth rate of close to 7% will only create 8 million to 9 million jobs in India, short of the 11 million to 12 million jobs needed.
ii.According to the Centre for Monitoring Indian Economy (CMIE) data, the unemployment rate rose to 9.2%in June from 7% in May.
iii.Government response to Citibank: The Ministry of Labour and Employment (MoL&E) said that the Citigroup’s report “fails to account for the comprehensive and positive employment data available from official sources such as the Periodic Labour Force Survey (PLFS) and the Reserve Bank of India’s KLEMS data”. India has generated over 80 million employment opportunities between FY18 and FY22.

  • Also, GoI has generated in an average of more than 20 million jobs per year, despite the COVID-19 pandemic during FY21.

About Reserve Bank of India(RBI):
Governor- Shaktikanta Das(25th Governor of RBI)
Headquarter- Mumbai, Maharashtra
Established- 1 April, 1935

Union Cabinet approves India’s signing of Biodiversity Beyond National Jurisdiction AgreementUnion Cabinet approves India's signing of the Biodiversity Beyond National Jurisdiction (BBNJ) AgreementOn July 2, 2024, the Union Cabinet of India, chaired by Prime Minister Narendra Modi, has approved the signing of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement or ‘High Seas Treaty’, an international treaty under the United Nations Convention on the Law of the Sea (UNCLOS).

  • Ministry of Earth Sciences (MoES) will lead India’s implementation of the agreement, thus, enhancing India’s role in marine conservation, and its strategic presence in areas beyond its Exclusive Economic Zone (EEZ).
  • The Cabinet Meeting was attended by Dr Jitendra Singh,Minister of State (MoS-Independent Charge), MoES;  Dr M Ravichandran, Secretary, MoES.

About BBNJ Agreement:
The BBNJ Agreement, agreed upon in March 2023, is open for signature for 2 years starting September 2023. It will become a legally binding international treaty 120 days after the 60th ratification. As of June 2024, 91 countries have signed, and 8 countries(Belize, Chile, Cuba, Mauritius, Micronesia, Monaco, Palau and Seychelles) have ratified the agreement.
Aim :
This agreement aims to conserve and sustainably utilize marine biodiversity in areas beyond national jurisdiction, known as the High Seas.

  • High seas, vital for ocean health, coastal well-being, and planetary sustainability, are international waters open for lawful activities such as navigation, overflight, and laying submarine cables and pipelines.

Key Points:
i.This agreement  focuses on the long-term protection and sustainable use of marine biological diversity in international waters through international cooperation and coordination.
ii.It includes mechanisms for accessing marine genetic resources, conducting environmental impact assessments, and establishing marine protected areas.
iii.It promotes an inclusive, ecosystem-centric approach based on the precautionary principle, and using traditional knowledge and the best available scientific knowledge.
iv.It also aligns with several Sustainable Development Goals (SDGs), particularly SDG 14 (Life Below Water), and aims to ensure the equitable sharing of benefits from marine resources.
Notes:
i.The BBNJ Agreement is the third implementation under UNCLOS, complementing the 1994 Part XI Implementation Agreement on exploration and extraction of mineral resources in the international seabed area; and the 1995 UN Fish Stocks Agreement on conserving and managing straddling and migratory fish stocks.
ii.UNCLOS Background: Adopted in 1982 and effective from 1994, UNCLOS is crucial for maritime boundaries, marine resources, and dispute resolution, with over 160 ratifying countries.

  • It establishes the International Seabed Authority(ISA), headquartered at Kingston, Jamaica to regulate mining and related activities in High Seas.

DPIIT Signed MoU with NCAER To Develop Framework and Assessment for Logistics Cost in IndiaDPIIT inks pact with NCAER for making framework, assessment of logistics costThe Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry(MoCI), has signed a Memorandum of Understanding (MoU) with National Council of Applied Economic Research (NCAER) for the development of framework and assessment of logistics cost in India.
Signatories: The MoU was signed by Dr. Anil Sharma, Secretary and Operations Director, NCAER and Dr. Surendra K. Ahirwar, Joint Secretary, DPIIT in the presence of Rajesh Kumar Singh, Secretary, DPIIT, in New Delhi, Delhi.
About the MoU:
Under this MoU, NACER and DPIIT will collaborate to
i.Develop a detailed framework for assessment of Logistics Cost in India.
ii.Create a comprehensive study for assessment of logistics cost for 2023-24.
iii.Identify cost differentials across various factors and sectors like routes, modes, products, types of cargo, and service operations, etc.
iv.Identify the major determinants along with influence on the logistics in different sectors, etc.
Key Points:
i.The MoCI highlighted the importance of data-based evaluation of logistics Cost and suggested to look into the intangible and indirect elements of logistics cost which also includes the cost of delay.
ii.The ministry also stated that the logistics cost of India should be regularly assessed and monitored to ensure that the data of cost variation will benefit both the industry and the policy makers.
iii.The MoU also envisages NCAER to conduct the detailed study and submit the report within a years’ time.  This study is likely to result in far reaching impacts for the logistics sector in India.
Additional info:
i.On 17th September 2022, The Government of India (GoI) launched the National Logistics Policy (NLP), with a primary focus to reduce the percentage of logistics cost to the Gross Domestic Product (GDP).
ii.In December 2023, The Logistics Division of DPIIT released a report titled ‘Logistics Cost in India: Assessment and Long-Term Framework’ prepared by NCAER.  This report presents a baseline aggregated logistics cost estimate and a framework for long-term logistics cost calculation.
iii.According to the report, the logistics cost in India varied from 7.8-8.9% of GDP in 2021-22.
About National Council of Applied Economic Research (NCAER):
Chairman – Nandan M Nilekani
Headquarters – New Delhi, Delhi
Established – 1956

FSSAI Mandates Labelling Nutritional info of Salt, Sugar & Fat on Packaged Food in Bold & Bigger FontFSSAI To Make Mandatory Labelling Of Salt, Sugar And Fat On 6th July 2024, The Food Safety and Standards Authority of India (FSSAI) has approved the proposal to display nutritional information regarding Total Sugar, Salt and Saturated Fat in bold letters and increased font size on packaged food.

  • This amendment to the Food Safety and Standards (FSS) (Labelling and Display) Regulations, 2020, was approved in the 44th meeting of the Food Authority, chaired by FSSAI Chairperson, Apurva Chandra.
  • The amendment aims to help consumers better understand the nutritional value of products and make healthier decisions.

Note: All the FBOs have also been instructed to exhaust all existing pre-printed packaging materials before 1st September 2024.
Health Impact:
i.Labels will show the information on per-serve percentage contribution to the Recommended Dietary Allowances (RDAs) for total sugar, saturated fat, and sodium in bold letters.

  • Regulation 2(v) and 5(3) of the FSS (Labelling and Display) Regulations, 2020 specify serving size and nutritional information requirements.

ii.This change is expected to combat the rise of Non-Communicable Diseases (NCDs) and promote public health and well-being.
Preventing Misleading Claims:
i.FSSAI has been issuing advisories to prevent false and misleading claims on labels and advertisements by all Food Business Operators (FBOs).
ii.FSSAI clarified that there are no standards for the term “health drink” under the FSS Act 2006.

  • It has directed e-commerce platforms to “remove or delink” beverages labelled “Health Drink” on their sites from the health drinks category.

iii.FSSAI has ordered manufacturers to take down the “100% Fruit Juices” labels and advertisements of reconstituted fruit juices with immediate effect.

  • It has also directed that the word “reconstituted” must be mentioned against the name of the juice that is reconstituted from the concentrate.

iv.FSSAI has directed FBOs to label atta as whole wheat flour (atta) and maida as refined wheat flour (maida).
About the Food Safety and Standards Authority of India (FSSAI):
FSSAI has been established under the Food Safety and Standards, 2006. The Ministry of Health & Family Welfare (MoH&FW), Government of India (GoI) is the Administrative Ministry for the implementation of FSSAI.
Chief Executive Officer (CEO)- Ganji Kamala Vardhana Rao
Headquarters– New Delhi, Delhi

India Hosts 6th EAS Conference on Maritime Security Cooperation in Mumbai
India hosted the 6th East Asia Summit (EAS) Conference on Maritime Security Cooperation in Mumbai, Maharashtra from 4th to 5th July 2024. The Conference was organised by the Ministry of External Affairs (MEA), Government of India (GoI), in partnership with the Governments of Australia and Indonesia.
i.The ASEAN (Association of Southeast Asian Nations)-India Centre (AIC) at Research and Information System for Developing Countries (RIS) and the National Maritime Foundation (NMF) collaborated as Knowledge Partners for the Conference.
ii.The EAS Conference showcased India’s commitment to strengthening ASEAN-led EAS mechanisms and supporting the EAS Plan of Action 2024-2028.
iii.The conference includes 6 Thematic Sessions: Indo-Pacific Oceans Initiative (IPOI) and ASEAN Outlook on the Indo-Pacific (AOIP); Regional Maritime Domain Awareness; Combating illicit maritime activity, anti-piracy, and Illegal, Unreported and Unregulated (IUU) fishing; Maritime Connectivity; and Humanitarian Assistance and Disaster Relief (HADR) and Search and Rescue (SAR).
Note: EAS is the only leader-led forum for strategic dialogue in the Indo-Pacific region, where leaders from 18 countries meet to discuss political, security, and economic challenges

BANKING & FINANCE

EXIM Bank inked USD 2.5mn LoC Agreement with GuyanaEXIM Bank enters into USD 2.5 million Line of Credit agreement with GuyanaThe Export-Import Bank of India (EXIM Bank) signed an agreement with the Government of Guyana to provide India-supported Line of Credit (LoC) of USD 2.50 million for installing a solar photovoltaic(PV) power plant at Cheddi Jagan International Airport (CJIA) in Timehri, Guyana.

  • The agreement under the LoC was signed on 29th February 2024 and effective from 24th June 2024.
  • This agreement aligns with Guyana’s efforts to transition from fossil fuels to renewable energy, aiming to reduce carbon emissions and promote sustainable energy solutions.

Key Points:
i.Credit Allocation: Of the total credit, at least 75% of goods, works, and services must be supplied from India, with the remaining 25% allowed from outside India i.e. foreign sourcing.
ii.Disbursement Time line: The last date for disbursements is 48 months after the project’s completion.
iii.Export Eligibility: Exports of eligible goods and services from India will be allowed if they meet the criteria specified in the Indian government’s Foreign Trade Policy and are financed under an agreement with EXIM Bank.
About Export-Import Bank of India (EXIM Bank):
Managing Director– Harsha Bangari
Headquarters– Mumbai, Maharashtra
Establishment– 1982
About Co-operative Republic of Guyana:
President– Irfaan Ali
Currency– Guyanese dollar (GYD)
Capital– Georgetown

Star Health Insurance Partners with HPSCB to Enhance Health Insurance Penetration in HPStar Health Insurance Partners with Himachal Pradesh State Cooperative BankOn July 8, 2024, Star Health and Allied Insurance Company Limited (Star Health Insurance) signed a strategic corporate agency agreement with Himachal Pradesh State Cooperative Bank (HPSCB) to improve access to health insurance penetration, particularly in rural areas of Himachal Pradesh (HP) where the bank has a significant presence.
About the partnership:
i.Through this partnership, HPSCB customers can access health insurance products within their bank, enhancing convenience.
ii.Star Health will leverage HPSCB’s 262 branches to offer comprehensive health insurance products to Himachal Pradesh residents.
iii.The partnership focusing on rural and Tier 3 regions, is in line with the Insurance Regulatory and Development Authority of India (IRDAI)’s goal of ‘Insurance for all by 2047
Note: Top health issues in the region include gastroenterology, orthopaedics, obstetrics, urology, and ophthalmology.
About Star Health and Allied Insurance Company Limited:
It is India’s first Standalone Health Insurance Company.
Managing Director (MD) and Chief Executive Officer (CEO) – Anand Roy
Establishment– 2006
Headquarters– Chennai, Tamil Nadu

Tata Asset Management Private Limited (TAMPL) Launched India’s 1st Tourism Index Mutual FundTata Asset Management launches India’s first tourism index mutual fundOn 8th July 2024, Tata Asset Management Private Limited (TAMPL) launched India’s 1st tourism index fund, Tata Nifty India Tourism Index Fund. The New Fund Offer (NFO) for the scheme will be open for subscription on 8th July, 2024 till 19th July, 2024.

  • The scheme will reopen for continuous sale and repurchase on or before 29th July, 2024. This is the first domestic fund focused on the tourism theme.
  • The fund will be managed by Kapil Menon, a Fund Manager-Equities at Tata Asset Management Private Limited.

Aim: To provide returns that, before expenses, correspond to the total returns of the securities represented by the performance of the Tata Nifty India Tourism Total Return Index (TRI) which is subject to tracking error.
About Tata Nifty India Tourism Index Fund:
i.It is an open-ended index fund which will monitor the Nifty India Tourism Index, which consists 17 companies (as of 21st June, 2024) operational in the tourism sector, with a maximum stock level capping limit of 20% in the index.

  • The index can hold maximum 30 companies chosen from the broader Nifty 500 index.

ii.The fund has allocated different weightage to various sectors such as: hotels and resorts sector(32%), followed by airlines (19%), restaurants (19%), tour, travel related services (16%), airports and airport services (10%) and luggage (3%).
iii.The fund is recognised as ‘Very High’ risk due to the high weightage i.e. up to 100% in stocks which are considered as  riskier assets.
Key Features:
i.The minimum investment amount will be Rs 5000 with subsequent investments allowed in multiples of Re 1. There is no upper limit for the investment.
ii.The fund has a provision of an Exit load of 0.25% of the Net Asset Value (NAV) if units are redeemed or switched out within 15 days from the day of allotment.

  • The exit (if any) will benefit the remaining investors in the fund, net of any Goods and Services Tax (GST).

iii.The fund has no provision of “Entry Load” which means that investors are not required to pay anything to park their earnings in this fund.
iv.The scheme will invest 95% to 100% of the fund’s net assets in companies that are part of the Nifty India Tourism Index, with allocation of up to 5% of net assets  in debt and money market instruments for liquidity purposes.
Tata Asset Management Private Limited (TAMPL):
Chairman- Rajiv Sabharwal
Headquarter- Mumbai, Maharashtra
Established- 1994

AWARDS & RECOGNITIONS

HCLTech Chairperson Roshni Nadar Malhotra Awarded Chevalier de la Légion d’Honneur by FranceHCLTech chairperson Roshni Nadar Malhotra awarded France’s highest civilian honourRoshni Nadar Malhotra, Chairperson of HCL Technologies Limited (HCLTech), Indian multinational information technology (IT) consulting company, has been honoured with France’s highest civilian Award  – the “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour).

  • The award recognises her contributions to the business; her efforts to strengthen economic ties between France and India; and her commitment to social and environmental causes.
  • Thierry Mathou, Ambassador of France to India presented the award on behalf of the President of the French Republic, Emmanuel Macron, at a ceremony held at the Residence of France in Delhi.

Achievements of Roshni Nadar Malhotra:
i.Roshni Nadar Malhotra took charge as the Chairperson of HCLTech from her Father Shiv Nadar, founder of HCLTech,  in July 2020 and became the 1st woman to lead a listed IT company in India.
ii.She is also a trustee of the Shiv Nadar Foundation, which is focuses on education.
iii.She established The Habitats Trust in 2018 to protect India’s natural habitats and indigenous species.
Aditional info:
i.HCLTech has been operating in France since 2009. It is a digital transformation partner with leading companies across various industries.
ii.HCLTech partnered with Apprentis d’Auteuil, a non-governmental organization (NGO) in France, to enhance coding education in middle schools,
iii.HCLTech, supported by Business France and the Indo-French Chamber of Commerce and Industry (IFCCI), signed major digital transformation contracts between 2020 and 2023, becoming a top IT service provider.
About the Chevalier de la Légion d’Honneur:
i.The Chevalier de la Légion d’Honneur was established in 1802 by Napoleon Bonaparte. The award is given by the French Republic for outstanding service to France, regardless of the recipient’s nationality.
ii.The President of the French Republic is the Grand Master of the Order of the Legion of Honour.

APPOINTMENTS & RESIGNATIONS

RBI Approves Reappointment of Govind Singh as MD & CEO of Utkarsh Small Finance BankMD and CEO of Utkarsh Small Finance BankOn July 8 2024, The Reserve Bank of India (RBI) approved the reappointment of Govind Singh as Managing Director(MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank Limited (USFBL) for a period of three years with effect from September 21 2024.

  • His current term is set to end on 20th September 2024.

Note: The Board of USFBL approved his re-appointment during the meeting held on 27th January 2024.
About Govind Singh:
i.Govind Singh is the founder of Utkarsh Coreinvest Ltd. (Erstwhile Utkarsh Micro Finance Ltd.), the promoting institution of USFBL.
ii.He was appointed as MD & CEO of USFBL in 2017. He resigned from the post in May 2018 and was reappointed in September 2018.
iii.He is also a Director at Utkarsh Welfare Foundation (UWF).
iv.He has served as member of the Working Group to review the Business Correspondent (BC) Model in India.
v.He has also served as the Director at Cashpor Micro Credit, Head-Microbanking Business at ICICI Bank Limited, Member-Working Group at RBI.
vi.He has also served as head for Rural and Agri Liabilities, and the Trust, Associations, Societies and Clubs (TASC) segment at ICICI Bank.
vii.He has previously worked with the State Bank of Patiala, Surya Roshni group (Financial services), Bank Internasional Indonesia, Axis Bank and  Allahabad Bank.
About Utkarsh Small Finance Bank Limited (USFBL):
USFBL was incorporated on 30th April 2016 and received banking license from RBI in November 2016. The bank operations on January 23, 2017
MD & CEO – Govind Singh
Headquarters – Varanasi, Uttar Pradesh (UP)

SCIENCE & TECHNOLOGY

Russia Approves Schedule for Creation Of Russian Orbital Station By 2033
Yury Borisov, Director General of Roscosmos, Russia’s State Corporation for Space Activities, approved a general schedule for creating the Russian Orbital Station (ROS) by 2033. The document was also signed by 19 general directors of Roscosmos Enterprises involved in making the ROS.

  • Russia is set to launch the 1st research and energy module for the ROS in 2027, and 3 other core modules, namely the universal nodal, gateway, and base modules, will be launched by 2030.
  • In the 2nd stage, from 2031 to 2033, 2 special-purpose modules (TsM1 and TsM2) will be launched.
  • The project, estimated at 608.9 billion rubles (USD 6.98 billion), includes developing new spacecraft, carrier rockets, and ground infrastructure.

SPORTS

Gagan Narang appointed as Chef-de-Mission of Indian Contingent for Paris 2024 OlympicsGagan Narang replaces M.C. Mary Kom as chef-de-mission of the Indian contingent for Paris GamesShooter Gagan Narang, four-time Olympian and London 2012 Olympic Games men’s 10m Air Rifle bronze medalist, has been appointed as the Chef-de-Mission for the Indian at the Paris 2024 Olympics, officially, ‘Games of the XXXIII Olympiad’ in Paris, France.

  • He was elevated from the deputy chef-de-mission position following the resignation of Padma Vibhushan awardee MC Mary Kom from Chef-de-Mission position in April 2024 amid personal reasons.
  • His appointment was announced by the Indian Olympic Association(IOA) President Dr. PT Usha.

Note : The Paris 2024 Olympics will run from July 26, 2024 to August 11, 2024.
Role of Chef-de-Mission:
The Chef-de-Mission serves as the spokesperson for the team ahead of the Olympics, attending seminars with athletes, management, and the Mission Team. They maintain a diplomatic stance to resolve conflicts or controversies and ensure adherence to Olympic protocols.
Other announcements:
i.India’s two-time Olympic medallist badminton player, PV Sindhu, and 13-time Commonwealth Games medallist table tennis veteran, A Sharath Kamal will be flag bearer during the Opening Ceremony of Paris Olympics.
ii.Olympic gold medalist in javelin throw Neeraj Chopra will lead the 28-member Indian athletics contingent at the Paris Olympics.

  • The contingent comprises 17 men and 11 women athletes.

About Indian Olympic Association(IOA) :
President – P. T. Usha
Headquarters – New Delhi, Delhi
Formed – 1927

STATE NEWS

Rajasthan to Become 1st State to Adopt a Road Safety Action Plan for 10 YearsRajasthan to become first State to adopt a road safety action plan for 10 yearsRajasthan is all set to become the 1st state in India to adopt an action plan for road safety for the next 10 years. The proposed action plan aimed at reducing road accidents in the state by 50% till 2030.

  • The World Bank (WB) would provide assistance to the Government of Rajasthan in the preparation of an action plan and safety plan by incorporating the best practices adopted in different countries.

Implementation:
i.As per the draft, the action plan will be implemented in 3 phases. The phase 1 will be implemented between 2025 till 2027. It will focus on safety audits of 500 kilometer (km) of state highways and major district roads.

  • It will also focus on institutional strengthening, capacity building and completion of action plan short-term targets on time.

ii.The phase-2 of action plan will be implemented from 2027 till 2030 and will focus on the reduction of 50% of road accident fatalities which is in line with United Nations (UN)’s Second Decade of Action for Road Safety.
iii.The phase-3 of action plan will be implemented from 2030 till 2033 and will focus on the reduction of 75% of road accident fatalities.
Key points:
i.The pilot speed management programme will be conducted for high-risk corridors in the state and will also conduct improvement works for 25 high-priority black spots.
ii.The state Urban Development department along with urban local bodies is entrusted with the responsibility of improving safety of urban road networks, with special focus on pedestrians.

  • Also, the local self-government department will be responsible for about 30,000 km of roads, with focus on rectifying black spots on this road network.

iii.Central Agencies like: National Highway Authority of India (NHAI) and Ministry of Road, Transport and Highways (MoRTH) will provide support to the state government to reduce about 40% of road traffic deaths in the state.
About Rajasthan:
Chief Minister (CM) – Bajan Lal Sharma
Deputy CMs- Diya Kumari and Prem Chand Bairwa
Governor- Kalraj Mishra
National Parks (NPs)- Ranthambore National Park and Keoladeo National Park

UP Tourism Department Signed MoU with MakeMyTrip To Promote State Tourism
The Uttar Pradesh(UP) Tourism Department has signed an Memorandum of Understanding (MoU) with MakeMyTrip, an online travel bureau to facilitate tourists and enhance tourism in UP.
i.This partnership aims to leverage data and expertise to create a more informed and enjoyable travel experience for tourists visiting UP.
ii.As per MoU, MakeMyTrip will work as a strategic partner and provide insights on consumer trends, tourist preferences and supply-side information, which will benefit UP tourism department in future policy-making.
iii.These initiatives are poised to attract a diverse range of tourists, boosting the local economy and showcasing the rich cultural and spiritual heritage of the state.

‘Digital Nagarik & AR-VR Skills’: Karnataka Launches CyberSecurity Awareness Programme
Priyank Kharge, Karnataka minister for Information technology (IT) and BioTechnology (BT) has launched the ‘Digital Nagarik and Augmented Reality / Virtual Reality (AR-VR) Skills’ Programmes in Bengaluru, Karnataka to address cybersecurity awareness among people. This programme was launched in collaboration with Meta Platforms Inc(formerly the Facebook company).
i.Aim: To train over 1 lakh teachers and 10 lakh students across the state in digital safety, AR-VR by 2025.

  • Through this programme, 10 lakh students aged between 18 to 24 from different schools and Pre-University (PU) colleges and universities across Karnataka will receive training in digital safety and AR-VR skills.

ii.The Digital Nagarik Programme features workshops, seminars and hands-on activities. The workshops will be conducted in both Kannada and English.
iii.It is the first time that this initiative will also cover 100 colleges and universities from across Karnataka, where students themselves will be the master trainers and promote peer learning through it.
iv.Karnataka, the first state in India, joined with Meta Platform Inc. and entered into a two-year partnership to promote digital education and online safety for students in December 2023.

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Current Affairs Today (AffairsCloud Today)

Current Affairs 10 July 2024
India Employment Provisionally Grew at 6% in FY24 from 3.2% in FY23: RBI Data
Union Cabinet approves India’s signing of Biodiversity Beyond National Jurisdiction Agreement
DPIIT Signed MoU with NCAER To Develop Framework and Assessment for Logistics Cost in India
FSSAI Mandates Labelling Nutritional info of Salt, Sugar & Fat on Packaged Food in Bold & Bigger Font
India Hosts 6th EAS Conference on Maritime Security Cooperation in Mumbai
EXIM Bank inked USD 2.5mn LoC Agreement with Guyana
Star Health Insurance Partners with HPSCB to Enhance Health Insurance Penetration in HP
Tata Asset Management Private Limited (TAMPL) Launched India’s 1st Tourism Index Mutual Fund
HCLTech Chairperson Roshni Nadar Malhotra Awarded Chevalier de la Légion d’Honneur by France
RBI Approves Reappointment of Govind Singh as MD & CEO of Utkarsh Small Finance Bank
Russia Approves Schedule for Creation Of Russian Orbital Station By 2033
Gagan Narang appointed as Chef-de-Mission of Indian Contingent for Paris 2024 Olympics
Rajasthan to Become 1st State to Adopt a Road Safety Action Plan for 10 Years
UP Tourism Department Signed MoU with MakeMyTrip To Promote State Tourism
‘Digital Nagarik & AR-VR Skills’: Karnataka Launches CyberSecurity Awareness Programme

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