1. A draft on cross-border insolvency has released by the Ministry of Corporate Affairs in order to strengthen Insolvency and Bankruptcy Code (IBC). The existing IBC provides for two Sections –234 and 235 relating to cross border insolvency but these are not adequate to effectively deal with default cases of domestic corporate debtor having assets and operations outside India. The new draft will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate with foreign creditors to domestic company.
2. Under anti-terror law, Unlawful Activities (Prevention) Act (UAPA), 1967 al Qaeda in Indian Subcontinent (AQIS) and Islamic State in Khorasan Province (ISKP) has banned by the Ministry of Home Affairs (MHA). AQIS is an affiliate of al Qaeda and ISKP is Afghanistan wing of Islamic State (IS).
3. The foundation stone of a new office complex for the Department of Commerce’ Vanijya Bhawan’ was laid by Prime Minister Narendra Modi in New Delhi. The complex is located near India Gate and is being built on plot of 4.33 acres at an estimated cost of Rs 226 crore and is expected to be completed by December 2019. The building will be a modern, eco-friendly structure. It will be completely paperless office with modern facilities such as smart access control, video conferencing and completely networked systems. It will help in ease of doing business by bringing all Departments of Commerce under one roof.
4. The use of Aadhaar biometric data for criminal investigation is not allowed under Aadhaar Act, 2016 according to the notification of the Unique Identification Authority of India (UIDAI). As per Section 29 of the Aadhaar Act, the biometrics data collected by UIDAI can be used only for purpose of generating Aadhaar and for authentication.of identity of Aadhaar holders and cannot be used for any other purpose....
5. The redevelopment of the seven government colonies in Delhi that includes Nauroji Nagar, Netaji Nagar, Sarojini Nagar, Mohammadpur, Sriniwaspuri, Kasturba Nagar and Thyagaraj Nagar will lead to an increase the green area coverage by about 3 times from the existing green space area, as per Union Ministry of Housing & Urban Affairs. This is being done with complete adherence to environmental sustainability and green building concepts and special care and attention is being given towards retaining maximum number of existing trees and incorporating them in a large cluster, as an integral part of landscaping design scheme.
6. According to the National Health Profile 2018 report, there is one allopathic doctor for 11,082 people in the country’s villages. India spends 1% of its gross domestic product on public health. India aims to increase its public health expenditure to 2.5% of the GDP by 2025. While the low-income nations like Bhutan and Nepal spend 2.5% and 1.1% of its GDP respectively on public health.
7. Rajasthan has been ranked first by the NITI Aayog among all states after it registered a significant increase in groundwater level due to the water conversation structures built under Chief Minister’s Jal Swavlamban Abhiyan. As many as 4 lakh structures were built in Rajasthan in the last three years. The state also witnessed an increase of 81% in irrigation capacity.
8. The Union Minister of Health and Family Welfare J P Nadda said at an event to mark the fourth International Yoga Day in Shimla on June 21 that over 1.50 lakh wellness centres will be set up by 2022 across the country and each centre will have yoga facility. The Minister also stated that 1.50 lakh health sub centres and primary health centres would be upgraded into wellness centres with modern facilities for treatment.
1. The inaugural India, United States 2+2 Dialogue will be held on July 6, 2018 in Washington. DC, capital city of US. The dialogue will focus on strengthening strategic, security, and defence cooperation as both countries jointly confront global challenges. It is seen as a vehicle to elevate the strategic relationship between two countries. The new dialogue format was agreed between two countries during visit of Prime Minister Narendra Modi to US in June, 2017. It will replace earlier India-US Strategic and Commercial Dialogue.
2. The 11th edition of the International Classification of Diseases (ICD-11) released by the World Health Organization in Geneva. The ICD is the standard disease coding for statistics and information regarding diseases around the world. These codes are common for healthcare professionals worldwide and provides a common sharing platform for reporting diseases and condition
Science & Technology:
1. An Indian team of scientists led by Professor Abhijit Chakraborty of Physical Research Laboratory (PRL), Ahmedabad, have discovered a sub-Saturn or super-Neptune size planet around a Sun-like star. The discovery was made by measuring the mass of the planet using the indigenously designed ‘PRL Advance Radial-velocity Abu-sky Search’ (PARAS) spectrograph integrated with 1.2m Telescope at PRL’s Gurushikhar Observatory in Mount Abu, India. The planet has a mass of about 27 Earth Mass and size of 6 Earth Radii. It goes around the host star in about 19.5 days.
1. India has decided to raise customs duty on 29 US products including almond, walnut and pulses In a retaliatory move to the heavy tariffs imposed by the United States on imported steel and aluminium items, The duty hike by India would have equivalent tariff implications for the US.
1. Indian shuttlers Kidambi Srikanth and H S Prannoy on June 21, 2018 slipped three and five places to be placed at the 7th and 13th spots respectively in the latest BWF world ranking. In women's singles, P V Sindhu and Saina Nehwal continued to remain static at the 3rd and 10th spot respectively. 2014 Commonwealth Games gold medallist Parupalli Kashyap is now at 51st position.
2. England made the highest one-day international total of 481-6 as they defeated Australia by 242 runs at Trent Bridge. The England broke their own record of 444-3 set against Pakistan in 2016 at same venue. This is England’s biggest ODI win and Australia’s heaviest defeat in terms of runs. With this the England captain, Eoin Morgan became the highest ODI run scorer for his country.
3. Young Indian table tennis player Manav Thakkar stunned World No. 18 Kristian Karlsson 2-1, inspiring Empowerji Challengers to a 15-6 victory over Maharashtra United in the CEAT Ultimate Table Tennis in New Delhi on June 21,2018.