May 2022 | Page 16 of 95

SC orders constitution of 25 special courts for cheque bounce cases

The Supreme Court has ordered to constitute 25 special courts with a retired judge in five states for expeditious disposal of cheque bounce cases. The special courts under the Negotiable Instruments Act will be set up in Maharashtra, Delhi, Gujarat, Uttar Pradesh and Rajasthan in view of a large number of pending cases. The special courts shall follow the same procedure with respect to trial as […]

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NEFT, RTGS facility available for post office savings account holder

According to a Department of Post circular, the NEFT facility has been made available for Post Office Savings Accounts holders from May 18, 2022, and RTGS facility will be available from May 31, 2022. This facility enables POSB customers to transfer funds to and from other bank accounts to POSB Accounts in DoP-CBS (DoP-CBS stands for Department of Posts – Core Banking Solutions).

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HANSA-NG Aircraft successfully completed Engine Relight test in Air

HANSA-NG (flying trainer Aircraft) has successfully completed an in-flight engine relight test at DRDO’s Aeronautical Test Range (ATR) facility, Challakere, Karnataka. The aircraft was designed & Developed by CSIR-National Aerospace Laboratories (CSIR-NAL). The flight test was carried out at an altitude of 7000-8000 feet with a speed range of 60 to 70 knots by Wg Cdr K V Prakash and Wg Cdr NDS Reddy.

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Assam Rifles, Axis Bank and NIEDO ink MoU to establish Centre of Excellence

Assam Rifles inked a Tripartite MoU with Axis Bank and National Integrity and Educational Development Organisation (NIEDO) to establish a Centre of Excellence and Wellness to secure a better future for the youth of Nagaland. The centre named after Late Capt N Kenguruse MVC Centre of Excellence and Wellness will be located at Chieswema in Kohima district. Free residential coaching will be provided to 30 children from

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S&P cuts India growth forecast for FY23 to 7.3%

S&P Global Ratings cut India’s GDP projection for the current fiscal to 7.3% from 7.8% on rising inflation and the Russia-Ukraine conflict. S&P Global Ratings suggestions: Central banks to raise rates more than what was currently priced in, risking a harder landing which includes a larger hit to output and employment. World Bank: 8% International Monetary Fund: 8.2% Asian Development Bank: 7.5%

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India to introduce “made in India” skin test for TB

Union Health Minister Mansukh Mandaviya has announced to launch of a newly approved skin test for tuberculosis (TB) diagnosis called c-TB in the country while addressing the 35th board meeting of the Stop TB Partnership through video-conferencing. This TB Kit will be cost-effective and provide immense benefit to other high burden countries as well.He also announced to launch of a new initiative “Adopt

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PM Modi to participate in Quad Summit in Tokyo

PM Narendra Modi will participate in the Quad Leaders’ Summit in Tokyo held on the 24th of May at the invitation of Japanese Prime Minister Fumio Kishida. The summit will be attended by US President Joe Biden, Australian Prime Minister Scott Morrison, and Japanese Prime Minister Fumio Kishida. During this meet, PM Modi will also review the India- Australia Comprehensive Strategic Partnership

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China Plans World’s First Habitable Planet Search With Space Telescope

Chinese scientists have proposed a project to hunt for habitable Earth-like planets outside our solar system through a space telescope. This is will be the world’s first space mission specially designed to search for habitable planets in the universe. The proposed project will involve surveying the sky through a space-borne telescope to hunt for habitable

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G7 countries approves to provide financial support to Ukraine

Group of Seven (G7) countries have agreed to provide financial support to Ukraine to meet its immediate financing needs. The US Senate has approved a USD 40 billion package of military, economic and humanitarian assistance to Ukraine. Christian Lindner (German Finance Minister) has announced a contribution of USD 1.1 billion to Ukraine’s budget. The European Commission has pledged up to USD 9.5 billion of macro-financial assistance in the

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GeM signs MoU with SEWA to boost Women-led Enterprises

Government eMarketplace (GeM) and Self-Employed Women’s Association (SEWA) have signed an MoU for the advocacy, outreach, mobilization and capacity-building of last-mile women-led enterprises. The MoU was signed by the Chief Executive Officer of GeM P. K. Singh and Vice-President of SEWA Rehana Riyawala. GeM will train SEWA members to assist and enable women-led small enterprises with GeM processes related to seller

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