9 June, 2021
HeidelbergCement Plans World’s First CO2-Neutral Cement Plant by 2030 in Sweden
HeidelbergCement, the world’s largest integrated manufacturers of building materials and solutions, plans to transform its factory in Slite on the Swedish island of Gotland into the world’s first CO2-neutral cement plant by 2030 with carbon capture technology. This upgrade will cost around 100 million euros (around Rs 886 crore). This plant will be able to capture up to 1.8 million tonnes of CO2 per year, which corresponds to the total emission of the site.
GWEC released report titled “Global Wind Workforce Outlook 2021-2025”
Global Wind Energy Council released the report “Global Wind Workforce Outlook 2021-2025” with a focus on the job market and workforce needs in the wind energy sector.
The report highlights the increase of job opportunities across the supply chain with the increase in the global wind industry.The report is the global forecast for the training needs which also examines the training needs of 10 countries: Brazil, India, Vietnam, Japan, USA, China, South Africa, Mexico, Saudi Arabia and Morocco.
About Global Wind Energy Council (GWEC):
Chairman– Morten Dyrholm
CEO– Ben Backwell
Secretariat– Brussels, Belgium.
G7 nations made an agreement on global corporate tax
G7 nations’ Finance Ministers and Central Bank Governors meeting held in London from June 4 to 5 2021, chaired by the British finance minister, Rishi Sunak, made an agreement to introduce a global minimum corporate tax rate of at least 15 percent for multinational companies(MNCs). The G7 nations include the United States, Japan, Germany, Britain, France, Italy and Canada. The meet was held in Cornwall, southwest England. Objective: To overcome the cross-border tax loopholes used by some of the world’s biggest MNCs like Apple, Google and Amazon.
About Corporate tax:
i.Corporation Tax /Corporate Tax is a direct tax levied on the net income/ profit that corporate enterprises make from their businesses.
ii.Corporate tax in india: It is imposed at a specific rate as per the provisions of the Income Tax Act, 1961.The corporate tax rate for foreign companies depends upon the tax agreement between India and the origin country of the concerned company.
India elected to UN Economic and Social Council for term 2022-24
India along with 17 other countries has been elected to the United Nations Economic and Social Council (ECOSOC) for the 2022-24 term beginning on January 1, 2022. India was elected in the Asia-Pacific States Category along with Afghanistan, Kazakhstan and Oman. ECOSOC is one of the 6 main organs of the UN. It is the coordinating body for the economic and social work of UN agencies and funds ECOSOC’s 54 members are elected for three-year terms by the General Assembly.
About UN Economic and Social Council (ECOSOC)
President – Munir Akram
Headquarters – New York, USA
Members – 54
Established in – 1945
Interpol Launched I-Familia a Global Database to Identify Missing Person
INTERPOL, The International Criminal Police Organization, has launched a new global database named “I-Familia” to identify missing persons through family DNA. The I-Familia will support the police to solve the cold cases of the member countries.
i.I-Familia utilises cutting edge scientific research and uses the DNA of relatives to identify the missing persons or unidentified human remains across the globe.
ii.The DNA of the relatives are used in the cases where the direct sample of the missing person is not available.
iii.I-Familia is the first global database to automatically control this difference without knowledge of the genetic ancestry of the missing person and provides standardised guidelines on a match.
President– Kim Jong Yang (Republic of Korea)
Secretary General– Jürgen Stock(Germany)
Members– 194 member countries
Headquarters– Lyon, France
IIT Madras Hosted Asia’s 1st Workshop on Memory Studies
Indian Institute of Technology(IIT) Madras hosted Asia’s 1st workshop on International Memory Studies virtually and acknowledged the need to engage in memory studies under COVID-19.
The workshop precedes the official launch of the Indian Network for Memory Studies(INMS), the first national network in the field in Asia under the aegis of the International Memory Studies Association, Amsterdam,and brings together the participants from all over the world. The INMS will be launched in mid-June 2021 through a virtual event at IIT Madras.
NHPC forms JV with JKSPDC to set up 850-MW Ratle Hydroelectric Project in J&K
National HydroElectric Power Corporation (NHPC), India’s premier hydropower company under Ministry of Power along with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) has formed a joint venture company(JVC), “Ratle Hydroelectric Power Corporation Limited” for the implementation of 850 MW Ratle Hydroelectric Project in Jammu and Kashmir(J&K). In the JVC, NHPC and JKSPDC have equity shares of 51% and 49% respectively.It has been incorporated on 01.06.2021. This project is located on River Chenab, Kishtwar district, Union Territory of Jammu and Kashmir and it is a Run of River Scheme. The investment sanction for construction of Ratle Hydroelectric Project at an estimated cost of Rs. 5281.94 crore has been conveyed by the Ministry of Power.
Headquarters: Faridabad, Haryana
Chairman & Managing Director: Abhay Kumar Singh
Overview of CESL MoUs based on Electric Vehicles and Solar Power
Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL) under the Ministry of Power has made important partnerships for the deployment of electric vehicles in India during World Environment Day.
About Convergence Energy Services Ltd (CESL):
Convergence is a newly launched venture house of The EESL Group owned by central public sector undertakings under the Ministry of Power, Government of India.
CEO – Mahua Acharya
Raksha Mantri Rajnath Singh Released an E-booklet ’20 Reforms in 2020’ on major reforms of MoD
Raksha Mantri Rajnath Singh released ‘20 Reforms in 2020’, an Ebook which highlights the major reforms of the Ministry of Defence (MoD) in 2020. The ebook provides the overview of the reforms of MoD to modernise the Armed Forces through policy changes, innovation and digital transformation. ‘20 Reforms in 2020’ reflects the resolve of the government led by Prime Minister Narendra Modi to strengthen the Defence sector. The reforms undertaken by the MoD will make a global powerhouse in the Defence sector. The 2020 reforms in the MoD will make India a global powerhouse in the Defence sector.
About Ministry of Defence(MoD):
Union Minister– Raj Nath Singh (Constituency- Lucknow, Uttar Pradesh)
Minister State– Shripad Yesso Naik (Constituency- North Goa, Goa)
Indian Oil Corporation Ltd (IOCL) has signed an Memorandum of Understanding (MoU) with Gujarat Government to invest around INR 24, 000 Crore in 6 projects at its Gujarat Refinery in Koyali, Vadodara district, Gujarat. The 6 projects include India’s 1st Hydrogen dispensing station. The projects will expand the capacity of Gujarat Refinery to 18 Million Metric Tonne Per Annum (MMTPA) from 13.7 MMTPA and provide 25,000 direct and indirect jobs. The MoU was signed in the presence of Union Minister for Petroleum and Natural Gas Dharmendra Pradhan and Gujarat Chief Minister Vijay Rupani. About Indian Oil Corporation Ltd (IOCL) Chairman – Shrikant Madhav Vaidya Headquarters – New Delhi About Gujarat Chief Minister – Vijay Kumar Rupani Capital – Gandhinagar Governor – Acharya Devvrat
Gujarat Maritime Board (GMB) set up India’s 1st international maritime services cluster at GIFT City (Gujarat International Finance Tec-City), in Ahmedabad, Gujarat to enhance competitiveness and self-sufficiency of India in the maritime sector and provide a one-stop solution for the entire maritime group.
Significance of Maritime Cluster:
i.The Maritime Cluster will be developed as a dedicated ecosystem comprising ports, shipping, logistics services providers and pertinent government regulators, in the GIFT City.
ii.It will also have an Alternate Dispute Resolution (ADR) Centre, that is focused on maritime/shipping.
iii.It will ensure economic benefits and ease of doing business for the maritime fraternity, which is currently dependent on international arbitration centres.
About Gujarat Maritime Board (GMB):
It is the first maritime board formed in the country
Establishment – 1982
Chairman – Anil Mukim
Vice-Chairman & CEO – Avantika Singh
Indian Oil Corporation to Invest INR 24, 000 Crore in Gujarat Refinery
Indian Oil Corporation Ltd (IOCL) has signed an Memorandum of Understanding (MoU) with Gujarat Government to invest around INR 24, 000 Crore in 6 projects at its Gujarat Refinery in Koyali, Vadodara district, Gujarat. The 6 projects include India’s 1st Hydrogen dispensing station. The projects will expand the capacity of Gujarat Refinery to 18 Million Metric Tonne Per Annum (MMTPA) from 13.7 MMTPA and provide 25,000 direct and indirect jobs. The MoU was signed in the presence of Union Minister for Petroleum and Natural Gas Dharmendra Pradhan and Gujarat Chief Minister Vijay Rupani.
About Indian Oil Corporation Ltd (IOCL)
Chairman – Shrikant Madhav Vaidya
Headquarters – New Delhi
Chief Minister – Vijay Kumar Rupani
Capital – Gandhinagar
Governor – Acharya Devvrat
RS Dhondkar Appointed As Liquidator of Shivajirao Bhosale Bank
The state cooperative department has appointed deputy registrar RS Dhondkar, as liquidator of Pune based Shivajirao Bhosale Bank. RBI(Reserve Bank of India) cancelled the licence of the Shivajirao Bhosale Cooperative bank for not having adequate capital and earning prospects. With the cancellation of licence and commencement of liquidation, the process of paying depositors as per the DICGC Act 1961, will be started as per RBI order. Deposit Insurance and Credit Guarantee Corporation (DICGC) is liable to pay upto Rs 5 lakh within two months of filing a claim with the liquidator.
World Bank Approved a $500 million program to support India’s MSMEs
The World Bank’s(WB) Board of Executive Directors has approved a $500 million programme named ‘Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance’ (RAMP), to support the Government of India’s nationwide initiative to strengthen the MSME sector, which has been heavily impacted due to COVID-19. Maturity: The $500 million loan, which will be provided from the International Bank for Reconstruction and Development (IBRD), an arm of the world bank group, has a maturity of 5 years including a 5.5-year grace period.
About World Bank:
President – David R. Malpass (13th President)
Headquarters – Washington DC, USA
World Bank Country Director in India – Junaid Ahmad
FIH world rankings 2021: Indian Men’s team at 4th, Women’s Team at 9th
Under the International Hockey Federation (FIH) world rankings 2021 in Hockey, both Indian men’s and women’s teams ranked 4th and 9th (same as 2020 ranking). Belgium and Netherlands lead the men’s and women’s rankings.
Top three of FIH World Rankings:
Rank Men’s Team Rank Women’s Team
4 India 9 India
(world and European champions)
2 Australia 2 Argentina
3 Netherlands 3 Australia
Despite missing the European leg of the FIH Hockey Pro- League series in Great Britain, Spain and Germany in April and May, 2021, the Indian men’s team maintained its fourth spot with 2223.458 points. Women’s team got 1643 points.
About FIH World Ranking:
i.The FIH World Ranking is a ranking system introduced in October 2003 for men’s and women’s national teams in field hockey
ii.The teams of the member nations of International Hockey Federation (FIH), field hockey’s world governing body, are ranked based on their game results.
About International Hockey Federation(FIH):
Establishment – 1924
Headquarters – Lausanne, Switzerland
President – Narinder Dhruv Batra
BharatPe Becomes ICC’s Official Partner Till 2023
The International Cricket Council (ICC) announced that it has entered into a strategic partnership with BharatPe for being its global tournament sponsor from 2021 to 2023.
Note: The company currently has its own ‘Team BharatPe’ comprising of 11 Indian cricket stars as its brand ambassadors, namely, Rohit Sharma, Jasprit Bumrah, KL Rahul, Mohammed Shami, Ravindra Jadeja, Suresh Raina, Shreyas Iyer, Prithvi Shaw, Sanju Samson, Yuzvendra Chahal, and Shubhman Gill.
BharatPe is one of India’s leading financial services companies for merchants.
Co Founder & Chief Executive Director(CEO):Ashneer Grover
About The International Cricket Council (ICC):
Establishment – 15 June 1909
Headquarters – Dubai, United Arab Emirates
Chairman – Greg Barclay
Chief Executive Director(CEO) – Manu Sawhney
IIT Hyderabad develops Oral Amphotericin B(AmB)
Indian Institute of Technology(IIT)-Hyderabad has developed nano-fibre based oral tablets of Amphotericin B (AmB) to treat post-Covid fungal infections. At present, AmB is an injectable drug. Currently, Kala Azar (visceral leishmaniasis) treatment is being used for black fungus and other fungus in the country. In 2019,Prof. Saptarshi Majumdar & Dr. Chandra Shekhar Sharma made a proven study about oral nanofibrous Amphotericin B (AmB) to be effective for Kala Azar and it was the first attempt of oral nanofibrous AmB.
China’s ‘Artificial Sun’ sets new world record by running at 120 Million degrees Celsius
China’s ‘Experimental Advanced Superconducting Tokamak (EAST)’ project or known as ‘Artificial Sun’ set a new record by running at 216 million degrees Fahrenheit or 120 million degrees Celsius for 101 seconds. For another 20 seconds, the ‘artificial sun’ also achieved a peak temperature of 288 million degrees Fahrenheit (160 million degrees Celsius), which is over 10 times hotter than the sun. The device replicates the nuclear fusion process carried out by the sun. These processes leave no nuclear waste and have the potential to provide unlimited clean energy at low costs. The experiment was conducted at the Institute of Plasma Physics of the Chinese Academy of Sciences (ASIPP), in Hefei, China. The EAST creates nuclear fusion like the Sun using deuterium present in the sea. The previous record for a maintained plasma temperature was 180 million Fahrenheit (100 million Celsius) for 100 seconds
Capital – Beijing
Currency – Renminbi
President – Xi Jinping
Indian Navy inducts 3 Indigenous ALH MK-III at INS Dega, Andhra Pradesh
Indian Navy inducted 3 Indigenous Advanced Light Helicopters (ALHs) into its Eastern Naval Command (ENC) during the ‘322 Dega Flight’ induction ceremony held at INS Dega (Naval Air Station), Visakhapatnam, Andhra Pradesh. The ALH Mk-III has been designed & built by Hindustan Aeronautics Ltd (HAL) as part of ‘Atmanirbhar Bharat’ initiative. The ALH Mk-III are Maritime Reconnaissance and Coastal Security (MRCS). The induction of the 3 MRCS will enhance the capability of the force and also protect India’s maritime interests. The flight is led by Commander SS Dash as the 1st Flight Commander.
About Indian Navy:
24th Chief of the Naval Staff – Admiral Karambir Singh
Headquarters – New Delhi
About Hindustan Aeronautics Limited (HAL):
Chairman and Managing Director (CMD) – R Madhavan
Headquarters – Bengaluru, Karnataka
SpaceX’s Dragon Capsule carries Squids, Microorganisms to ISS
As part of mission CRS-22, SpaceX’s Dragon Capsule was launched aboard the Falcon 9 Rocket from Florida, USA. The Capsule contained supplies for the International Space Station (ISS) scientific instruments such as new high-tech solar panels and living organisms such as Squids & a microorganism called Tardigrades. It is SpaceX’s 22nd station supply run for NASA. It is the 5th Spacecraft currently parked at the ISS.
CEO – Elon Musk
Headquarters – California, USA
Ranjitsinh Disale becomes Educational Advisor of World Bank
Ranjitsinh Disale, a school teacher from Maharashtra was appointed as the Educational Advisor of the World Bank from June 2021 till December 2024. He was one of the 12 advisors from the World to be appointed by the World Bank.
i.Notably, Ranjitsinh Disale was the winner of 2020’s Global Teacher Prize and also the 1st Indian to win the prize.
About World Bank:
HeadQuarters– Washington DC, United States
President – David Malpass
Maldives’ Abdulla Shahid Elected as President of the 76th Session of UN General Assembly
Maldives’ Foreign Minister Abdulla Shahid elected as President of the 76th session of the United Nations (UN) General Assembly. The 193-member General Assembly voted on June 07, 2021, to elect the President, who will preside over the 76th session of the UN body that will start in September 2021. Out of the 191 ballots cast, Abdulla Shahid got 143 votes, and Zalmai Rassoul, former foreign minister of Afghanistan, got 48 votes. Turkish Volkan Bozkır is the president of the 75th session of the UN General Assembly.
Note – According to the established rules of regional rotation, the President of the 76th session of the UN General Assembly was to be elected from the Group of Asia-Pacific States.
About United Nations General Assembly: It occupies a central position as the chief deliberative, policymaking and representative organ of the UNs. The Assembly will make recommendations to States on international issues and it has also initiated actions – political, economic, humanitarian, social and legal – which have benefited the lives of millions of people throughout the world.
Establishment – 1945 under the Charter of the UN
Headquarters – New York, USA
Members – 193
Hitendra Dave Appointed As CEO Of HSBC India
Hongkong and Shanghai Banking Corporation Ltd. (HSBC) has appointed Hitendra Dave as the interim Chief Executive Officer(CEO) of HSBC India. Hitendra Dave’s formal appointment as the CEO is subject to regulatory approval. Hitendra Dave succeeds Surendra Rosha who has been appointed as the co-chief executive of HSBC Asia-Pacific.
About HSBC India:
HSBC Bank India is an Indian subsidiary of UK-based HSBC Holdings plc.It has 26 branches in 14 Indian cities. HSBC India is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020.