Table of Contents
National News
President of India Inaugurates Homoeopathy Symposium on World Homoeopathy Day
The President of India, Smt Droupadi Murmu, inaugurated a two-day Homoeopathy Symposium organized by the Central Council for Research in Homoeopathy in New Delhi on World Homoeopathy Day (April 10, 2024). The theme of the symposium, “Empowering Research, Enhancing Proficiency,” is highly relevant in the 21st century.
International News
India-Kazakhstan to Enhance Counter-Terror Cooperation in Response to Moscow Attacks
In the wake of the recent terrorist attack in Moscow, believed to be perpetrated by extremists from Central Asia potentially influenced by Pakistani seminaries, India and Kazakhstan convened in Astana to bolster their collaboration against terrorism.
Business News
KABIL and CSIR-IMMT Forge Alliance for Critical Minerals Advancement
In a significant move toward bolstering India’s mineral security, Khanij Bidesh India Limited (KABIL) and the Council of Scientific and Industrial Research – Institute of Minerals and Materials Technology (CSIR-IMMT) have entered into a Memorandum of Understanding (MoU) for Technical & Knowledge cooperation. The agreement aims to leverage CSIR-IMMT’s technical prowess in various domains crucial for mineral processing and metal extraction.
India Invokes Peace Clause for Fifth Consecutive Time at WTO
India has once again utilized the peace clause at the World Trade Organization (WTO) for the fifth consecutive time, citing rice subsidies exceeding the prescribed limit during the 2022-23 marketing year. Despite breaching the 10% domestic support ceiling, India faces no immediate repercussions due to the peace clause provision, agreed upon at the 2013 Bali ministerial.
General Insurance Industry Growth in FY24: A Comprehensive Overview
In FY24, the non-life insurance industry experienced a notable growth of 12.78% in gross direct premium, reaching Rs 2.89 trillion. However, this growth fell short of the Rs 3 trillion mark due to a slowdown in health, motor, and crop insurance segments. General insurers recorded a 14.24% year-on-year growth, with public sector insurers at 8.99% and private sector counterparts at 17.53%.
Ranks and Reports News
India Ranks Second in Hepatitis B and C Cases Worldwide
The World Health Organisation’s (WHO) 2024 Global Hepatitis Report reveals that India is second only to China in the number of Hepatitis B and C infections, with 3.5 crore cases. Hepatitis, characterized by liver inflammation, poses significant health risks and can be fatal. The report highlights that 254 million people are affected by Hepatitis B and 50 million by Hepatitis C globally.
Banking News
ICICI Lombard Partners with Policybazaar to Expand Insurance Distribution
In a strategic move aimed at enhancing insurance distribution across India, ICICI Lombard General Insurance Company has forged a partnership with Policybazaar. This collaboration aims to leverage Policybazaar’s digital platform to offer a wide range of insurance products to approximately 10 million customers.
HDFC Bank Becomes First Private Bank to Open Branch in Lakshadweep
Private lender HDFC Bank has opened a branch at Kavaratti Island in Lakshadweep, making it the only private sector bank to have a presence in the Union Territory. This branch is aimed at upgrading the banking infrastructure in Lakshadweep by offering a wide range of services with a focus on personal banking and digital banking solutions. The branch will provide customized digital solutions, including QR-based transactions for retailers, to cater to the financial needs of individuals, families, and businesses in the region.
Ranks and Reports News
Hurun Global Unicorn Index 2024: Unveiling the State of Global Startup Ecosystem
In 2024, the global unicorn landscape witnessed significant developments and challenges, as outlined in the Hurun Global Unicorn Index. While the United States maintained its lead with 703 unicorns and China followed with 340, India ranked third with 67 unicorns. However, India experienced a notable decline in unicorn creation for the first time since 2017, attributed primarily to a lack of investment despite robust stock market performance.
Schemes News
NTPC Limited to Launch New Edition of Girl Child Empowerment Mission (GEM)
NTPC Limited, India’s largest power company, is set to unveil a new version of its flagship corporate social responsibility initiative, the Girl Child Empowerment Mission (GEM). This program aligns with the Beti Bachao, Beti Padhao (Save the Girl Child, Educate the Girl Child) campaign launched by the Government of India.
Sangeet Natak Akademi Organizes ‘Shakti – A Festival of Music and Dance’ in Shaktipeeths
The Sangeet Natak Akademi (SNA) is organizing the festival ‘Shakti – A Festival of Music and Dance’ from April 9 to 17, 2024. The festival is celebrated in seven different Shaktipeeths (sacred sites) across the country. The event is being organized under the Kala Pravah series to revive the temple traditions in the country during the auspicious Navratri period.
Sports News
Harendra Singh Appointed as Coach of Indian Women’s Hockey Team Until 2028 Olympics
Former Indian hockey player and Dronacharya awardee Harendra Singh has been selected by Hockey India as the coach of the senior national women’s hockey team. He will replace Janneke Schopman, a former Dutch hockey player, who resigned last month as the coach of the national women’s team after the Indian team failed to qualify for the Paris Olympics 2024.
Awards News
Dr. Agarwal’s Eye Hospital Wins ‘Best Scientific Poster Award’ 2024
Dr. Agarwal’s Eye Hospital’s research team has been honoured with the prestigious ‘Best Scientific Poster Award’ at the 2024 Annual Meeting of the American Society for Cataract and Refractive Surgery (ASCRS). The award-winning study focused on ‘The efficacy of RevitalVision vision-training software in improving best-corrected vision in stable keratoconus patients post Crosslinking surgery.’
Obituaries News
British physicist Peter Higgs Passes Away at the age of 94
British physicist Peter Higgs died at the age of 94. Peter Higgs gained fame for the discovery of ‘Higgs-Boson Particle’ i.e. ‘God Particle’. Peter Higgs was awarded the Nobel Prize for Physics in 2013 for this groundbreaking discovery, which helped explain how the universe was created after the Big Bang. Higgs showed how bosons hold the universe together, a crucial understanding in the field of physics.
Miscellaneous News
57 Companies Responsible for 80% of World’s Carbon Emissions
According to a report released by the think tank ‘InfluenceMap’, just 57 companies are responsible for 80% of the world’s carbon emissions from fossil fuels and cement over the past seven years. These 57 companies are involved in the production of oil, gas, coal, and cement in the world. The report concludes that the net zero target set under the Paris Climate Change Agreement in 2015 has not been achieved, and fossil fuels have not been able to have a significant impact on production. The production of cement and fossil fuels has reached unprecedented levels, and most of the emissions growth has come from a relatively small number of large companies.
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