Piyush Goyal: Indian GDP might reach $30 trillion in coming 30 years<\/a><\/h3>\n\n\n\n![\"Piyush](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T113019.172.jpg\")
<\/figure>\n\n\n\nIndia is one of the fastest-growing economies in the world and it is expected to reach USD 30 trillion in the coming 30 years, Commerce and Industry Minister Piyush Goyal said here on Sunday. Goyal<\/strong> remarked that if India grows at a compound annual growth rate of 8% annually, the economy will double in nine years while speaking to exporters in Tiruppur<\/strong>, Tamil Nadu<\/strong>. According to the minister, the country\u2019s economy is currently worth approximately $3.2 trillion and will be worth roughly $6.5 trillion in 9 years.<\/p>\n\n\n\nKEY POINTS: <\/strong><\/p>\n\n\n\n- Another nine years, that is 18 years from now, we will be about USD 13 trillion economy. And then another nine years after that, that is 27 years from now, we will be a USD 26 trillion economy\u2026 Then obviously, 30 years from today, confidently we can all expect that the Indian economy will be a USD 30 trillion economy,\u201d the minister said.<\/li><\/ul>\n\n\n\n
- According to the Union Commerce and Industry Minister, despite the current difficult circumstances brought on by the ongoing conflict between\u00a0Russia<\/strong>\u00a0and\u00a0Ukraine<\/strong>\u00a0and the CoVD-19 pandemic, India\u2019s economy is expanding at a healthy rate.<\/li>
- The conflict has caused a shortage of some commodities on the global market, which has increased global inflation.<\/li>
- India has been successful in keeping its inflation at a manageable level.<\/li>
- Piyush Goyal\u00a0also stated that the country\u2019s textile industry is currently worth 10 lakh crore and has the potential to develop to 20 lakh crore in the following five years, with exports of 10 lakh crore.<\/li><\/ul>\n\n\n\n
US president, Joe Biden signs landmark gun safety bill<\/a><\/h3>\n\n\n\n![\"US](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T113601.552.jpg\")
<\/figure>\n\n\n\nThe US President, Joe Biden has signed the gun violence bill, and toughen background checks for the youngest (21 years) gun buyers.<\/p>\n\n\n\n
Other reforms: $ 13 billion in federal funding for mental health programs and school security upgrades. The funding will encourage the states to implement \u201cred flag\u201d laws to remove firearms from people considered a threat.<\/p>\n\n\n\n
Blocking sales of gun\u00a0to those convicted of abusing unmarried intimate partners.<\/p>\n\n\n\n
Disbursement of Loan to MSME sector grew by 182% after pandemic period<\/a><\/h3>\n\n\n\n![\"Disbursement](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T113750.919.jpg\")
<\/figure>\n\n\n\nAccording to the study conducted by credit bureau CRIF High Mark, the loan disbursed to MSME sector grew by a massive 182% in FY22 to Rs 37 trillion.<\/p>\n\n\n\n
In terms of value, the loan disbursal of private banks increased from 33.6% in FY20 to 69.8% in FY22. Share of private banks increased from 26.9% in FY20 to 33.5% in FY22 in volume terms.<\/p>\n\n\n\n
Top 3 states (value): Maharashtra, Tamil Nadu, and Delhi<\/p>\n\n\n\n
Top 3 states (volume):\u00a0Maharashtra, Tamil Nadu, and Uttar Pradesh.\u00a0<\/p>\n\n\n\n
Bharat Electronics signs MoU with Belarus firm for Airborne Defense Suite<\/a><\/h3>\n\n\n\n![\"Bharat](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T114411.885.jpg\")
<\/figure>\n\n\n\nBharat Electronics Limited has signed an MoU with Defense Initiatives (DI), Belarus, and Defense Initiatives Aero Pvt Ltd, India (a subsidiary of DI Belarus).<\/p>\n\n\n\n
Reason: To supply of Airborne Defense Suite (ADS) for helicopters of the Indian Air Force (IAF).<\/p>\n\n\n\n
It would be supported by DI with transfer of technology (manufacturing and maintenance) for supply of advanced electronic warfare suite for helicopters under \u2018Make in India\u2019 category.<\/p>\n\n\n\n
GST Council to talk about modifying law, online gambling and casinos<\/a><\/h3>\n\n\n\n![\"GST](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T114831.402.jpg\")
<\/figure>\n\n\n\nThe GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers\u2019 (GoM) report on online gaming, casinos and race courses, sources told CNBC-TV18. The GoM met on June 17 and discussed issues like tax slabs and rates, among others. The GoM has proposed that rates and valuation standards for the 28 percent GST that will be imposed on casinos, racetracks, internet gambling, and lotteries be uniform. It said that no distinction should be made between games of skill and games of chance for the purposes of the levy.<\/p>\n\n\n\n
It is advised that in the case of online gaming, the full value of consideration will take into account any contest entry fees, player participation fees, etc., whereas in the case of racetracks, the full value of bets placed with bookmakers and pooled in the totalizator should be taken into account. In the case of casinos, the entire face value of any chips or coins that customers purchase from a casino will be taken into account.<\/p>\n\n\n\n
The value of bets put in each round of betting, including those played using winnings from earlier rounds, shall not be subject to additional tax after\u00a0GST<\/strong>\u00a0is charged on the purchase of chips or coins (on face value). Additionally, it is advised that the entry charge to casinos include the cost of one or more additional supplies, such as the cost of food and beverages. Any other extra services or optional purchases made without using an entry ticket will be subject to tax at the rate that applies to such purchases.<\/p>\n\n\n\nRanji Trophy 2022: Madhya Pradesh beats Mumbai by six wickets<\/a><\/h3>\n\n\n\n![\"Ranji](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T115001.143.jpg\")
<\/figure>\n\n\n\nRedemption comes to those who wait, and for Madhya Pradesh, it was a long-drawn one that spanned 23 years. When they laid hands on their maiden Ranji Trophy, they did it in some style against an opposition that fought and threatened until the last session on the final day. Madhya Pradesh wrote history as they won their maiden Ranji Trophy title, beating tournament heavyweights Mumbai by 6 wickets in the final at the M.Chinnaswamy Stadium in Bengaluru. Under the leadership of Aditya Shrivastava, the team defeated 41-time champions Mumbai. The team was coached by former India wicketkeeper-batsman Chandrakant Pandit.<\/p>\n\n\n\n
Mumbai batter Sarfaraz Khan<\/strong> was crowned as the \u2018Man of the Tournament for his brilliant Ranji Trophy 2022 with the bat, which saw him score 982 runs at an average of 122.75, finishing at the top of the batting charts. Other top bowlers of The 2022 Ranji Trophy are spinner Shahbaz Nadeem<\/strong> of Jharkhand (25 wickets).<\/p>\n\n\n\nHistory of Ranji Trophy:<\/strong><\/p>\n\n\n\n- The\u00a0Ranji Trophy\u00a0is a domestic\u00a0first-class cricket\u00a0championship played in\u00a0India\u00a0between multiple teams representing regional and state cricket associations. The competition currently consists of 38 teams, with all 28\u00a0states in India\u00a0and four of the nine\u00a0union territories\u00a0having at least one representation.<\/li>
- The competition is named after the first Indian cricketer who played international cricket,\u00a0Ranjit Singh, who was also known as \u2018Ranji\u2019. The first match of the competition was held on 4 November 1934 between Madras and Mysore at the Chepauk ground in Madras in the final.<\/li>
- Mumbai(Bombay) have won the tournament the most number of times with 41 wins including 15 back-to-back wins from\u00a01958\u201359\u00a0to\u00a01972\u201373.<\/li><\/ul>\n\n\n\n
International Day against Drug Abuse and Illicit Trafficking 2022<\/a><\/h3>\n\n\n\n![\"International](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T115220.979.jpg\")
<\/figure>\n\n\n\nThe International Day against Drug Abuse and Illicit Trafficking, or World Drug Day, is marked on 26 June every year to strengthen action and cooperation in achieving a world free of drug abuse.<\/p>\n\n\n\n
And each year, individuals like yourself, entire communities, and various organizations all over the world join in to observe World Drug Day to help raise awareness of the major problem that illicit drugs pose to society.<\/p>\n\n\n\n
International Day against Drug Abuse and Illicit Trafficking 2022: Theme<\/strong><\/p>\n\n\n\nThe United Nations Office on Drugs and Crime (UNODC) selects themes for the International Day and launches campaigns to raise awareness about the global drug problem. Health is the ongoing theme of the world drug campaign. \u201cAddressing drug challenges in health and humanitarian crises\u201d<\/strong> is the theme for 2022\u2019s celebration of the International Day against Drug Abuse and Illicit Trafficking.<\/p>\n\n\n\nInternational Day against Drug Abuse and Illicit Trafficking: Significance<\/strong><\/p>\n\n\n\nThe\u00a0United Nations Office on Drugs and Crimes (UNODC)<\/strong>\u00a0has put forward a\u00a0#CareInCrises campaign<\/strong>\u00a0for this year\u2019s celebration of World Drug Day. It highlights data from its annual World Drug Report and urges governments, world citizenry, international organisations and each stakeholder to prevent drug abuse, provide treatment, and restrict the illicit drug supply.<\/p>\n\n\n\nGaruda Aerospace to set up drone factory in Malaysia<\/a><\/h3>\n\n\n\n![\"Garuda](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T115348.210.jpg\")
<\/figure>\n\n\n\nThe Garuda Aerospace company has entered into a partnership with HiiLSE Global SdnBhd (HiiLSE Drones), a Malaysian company, to set up the largest plant in the South Asia region.<\/p>\n\n\n\n
The HiiLSE Garuda Aerospace Plant will be made across 2.42 hectares of land, with an investment of \u20b9115 crores.<\/p>\n\n\n\n
Aim: To provide state-of-the-art technology to public and private sectors alike in the whole region.<\/p>\n\n\n\n
Founder-CEO of Garuda Aerospace:\u00a0Agnishwar Jayaprakash.<\/p>\n\n\n\n
Government appoints Tapan Kumar Deka as Director of Intelligence Bureau<\/a><\/h3>\n\n\n\n![\"Government](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T115514.989.jpg\")
<\/figure>\n\n\n\nThe Central government has appointed senior IPS officer, Tapan Kumar Deka as Director of Intelligence Bureau for a tenure of two years from the date of assumption of the charge.<\/p>\n\n\n\n
He is a 1988 batch Himachal Pradesh cadre IPS officer. He will succeed incumbent Intelligence Bureau Director, Arvind Kumar.<\/p>\n\n\n\n
He has handled crucial cases such as terrorism in Jammu & Kashmir, especially targeted killings in the Valley.<\/p>\n\n\n\n
Complete State-wise List of Chief Minister and Governor 2022<\/a><\/h3>\n\n\n\n![\"Complete](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T115846.614.jpg\")
<\/figure>\n\n\n\nThe list of state-wise chief ministers and the governor<\/strong> is important for the students<\/strong> who are preparing for competitive exams like SBI PO, SSC, banking, etc.<\/strong> In The table below we have included all the states and their governor and chief ministers. We have also included the chief minister and governors of union territories. Further in the article, you can also check out the selection process and powers of the chief minister and governor of India.<\/p>\n\n\n\nThe Chief Minister of a state has a wide variety of responsibilities with respect to their state. A CM is the leader of the state\u2019s MLAs. Have a look at the complete state-wise list of chief ministers and governors of all Indian states as of 2022. Learning the complete list of State Chief Minister and Governor would be a bonus for the aspirants to boost up their preparation level.<\/p>\n\n\n\n
<\/figure>\n\n\n\nIndia is one of the fastest-growing economies in the world and it is expected to reach USD 30 trillion in the coming 30 years, Commerce and Industry Minister Piyush Goyal said here on Sunday. Goyal<\/strong> remarked that if India grows at a compound annual growth rate of 8% annually, the economy will double in nine years while speaking to exporters in Tiruppur<\/strong>, Tamil Nadu<\/strong>. According to the minister, the country\u2019s economy is currently worth approximately $3.2 trillion and will be worth roughly $6.5 trillion in 9 years.<\/p>\n\n\n\n KEY POINTS: <\/strong><\/p>\n\n\n\n The US President, Joe Biden has signed the gun violence bill, and toughen background checks for the youngest (21 years) gun buyers.<\/p>\n\n\n\n Other reforms: $ 13 billion in federal funding for mental health programs and school security upgrades. The funding will encourage the states to implement \u201cred flag\u201d laws to remove firearms from people considered a threat.<\/p>\n\n\n\n Blocking sales of gun\u00a0to those convicted of abusing unmarried intimate partners.<\/p>\n\n\n\n According to the study conducted by credit bureau CRIF High Mark, the loan disbursed to MSME sector grew by a massive 182% in FY22 to Rs 37 trillion.<\/p>\n\n\n\n In terms of value, the loan disbursal of private banks increased from 33.6% in FY20 to 69.8% in FY22. Share of private banks increased from 26.9% in FY20 to 33.5% in FY22 in volume terms.<\/p>\n\n\n\n Top 3 states (value): Maharashtra, Tamil Nadu, and Delhi<\/p>\n\n\n\n Top 3 states (volume):\u00a0Maharashtra, Tamil Nadu, and Uttar Pradesh.\u00a0<\/p>\n\n\n\n Bharat Electronics Limited has signed an MoU with Defense Initiatives (DI), Belarus, and Defense Initiatives Aero Pvt Ltd, India (a subsidiary of DI Belarus).<\/p>\n\n\n\n Reason: To supply of Airborne Defense Suite (ADS) for helicopters of the Indian Air Force (IAF).<\/p>\n\n\n\n It would be supported by DI with transfer of technology (manufacturing and maintenance) for supply of advanced electronic warfare suite for helicopters under \u2018Make in India\u2019 category.<\/p>\n\n\n\n The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers\u2019 (GoM) report on online gaming, casinos and race courses, sources told CNBC-TV18. The GoM met on June 17 and discussed issues like tax slabs and rates, among others. The GoM has proposed that rates and valuation standards for the 28 percent GST that will be imposed on casinos, racetracks, internet gambling, and lotteries be uniform. It said that no distinction should be made between games of skill and games of chance for the purposes of the levy.<\/p>\n\n\n\n It is advised that in the case of online gaming, the full value of consideration will take into account any contest entry fees, player participation fees, etc., whereas in the case of racetracks, the full value of bets placed with bookmakers and pooled in the totalizator should be taken into account. In the case of casinos, the entire face value of any chips or coins that customers purchase from a casino will be taken into account.<\/p>\n\n\n\n The value of bets put in each round of betting, including those played using winnings from earlier rounds, shall not be subject to additional tax after\u00a0GST<\/strong>\u00a0is charged on the purchase of chips or coins (on face value). Additionally, it is advised that the entry charge to casinos include the cost of one or more additional supplies, such as the cost of food and beverages. Any other extra services or optional purchases made without using an entry ticket will be subject to tax at the rate that applies to such purchases.<\/p>\n\n\n\n Redemption comes to those who wait, and for Madhya Pradesh, it was a long-drawn one that spanned 23 years. When they laid hands on their maiden Ranji Trophy, they did it in some style against an opposition that fought and threatened until the last session on the final day. Madhya Pradesh wrote history as they won their maiden Ranji Trophy title, beating tournament heavyweights Mumbai by 6 wickets in the final at the M.Chinnaswamy Stadium in Bengaluru. Under the leadership of Aditya Shrivastava, the team defeated 41-time champions Mumbai. The team was coached by former India wicketkeeper-batsman Chandrakant Pandit.<\/p>\n\n\n\n Mumbai batter Sarfaraz Khan<\/strong> was crowned as the \u2018Man of the Tournament for his brilliant Ranji Trophy 2022 with the bat, which saw him score 982 runs at an average of 122.75, finishing at the top of the batting charts. Other top bowlers of The 2022 Ranji Trophy are spinner Shahbaz Nadeem<\/strong> of Jharkhand (25 wickets).<\/p>\n\n\n\n History of Ranji Trophy:<\/strong><\/p>\n\n\n\n The International Day against Drug Abuse and Illicit Trafficking, or World Drug Day, is marked on 26 June every year to strengthen action and cooperation in achieving a world free of drug abuse.<\/p>\n\n\n\n And each year, individuals like yourself, entire communities, and various organizations all over the world join in to observe World Drug Day to help raise awareness of the major problem that illicit drugs pose to society.<\/p>\n\n\n\n International Day against Drug Abuse and Illicit Trafficking 2022: Theme<\/strong><\/p>\n\n\n\n The United Nations Office on Drugs and Crime (UNODC) selects themes for the International Day and launches campaigns to raise awareness about the global drug problem. Health is the ongoing theme of the world drug campaign. \u201cAddressing drug challenges in health and humanitarian crises\u201d<\/strong> is the theme for 2022\u2019s celebration of the International Day against Drug Abuse and Illicit Trafficking.<\/p>\n\n\n\n International Day against Drug Abuse and Illicit Trafficking: Significance<\/strong><\/p>\n\n\n\n The\u00a0United Nations Office on Drugs and Crimes (UNODC)<\/strong>\u00a0has put forward a\u00a0#CareInCrises campaign<\/strong>\u00a0for this year\u2019s celebration of World Drug Day. It highlights data from its annual World Drug Report and urges governments, world citizenry, international organisations and each stakeholder to prevent drug abuse, provide treatment, and restrict the illicit drug supply.<\/p>\n\n\n\n The Garuda Aerospace company has entered into a partnership with HiiLSE Global SdnBhd (HiiLSE Drones), a Malaysian company, to set up the largest plant in the South Asia region.<\/p>\n\n\n\n The HiiLSE Garuda Aerospace Plant will be made across 2.42 hectares of land, with an investment of \u20b9115 crores.<\/p>\n\n\n\n Aim: To provide state-of-the-art technology to public and private sectors alike in the whole region.<\/p>\n\n\n\n Founder-CEO of Garuda Aerospace:\u00a0Agnishwar Jayaprakash.<\/p>\n\n\n\n The Central government has appointed senior IPS officer, Tapan Kumar Deka as Director of Intelligence Bureau for a tenure of two years from the date of assumption of the charge.<\/p>\n\n\n\n He is a 1988 batch Himachal Pradesh cadre IPS officer. He will succeed incumbent Intelligence Bureau Director, Arvind Kumar.<\/p>\n\n\n\n He has handled crucial cases such as terrorism in Jammu & Kashmir, especially targeted killings in the Valley.<\/p>\n\n\n\n The list of state-wise chief ministers and the governor<\/strong> is important for the students<\/strong> who are preparing for competitive exams like SBI PO, SSC, banking, etc.<\/strong> In The table below we have included all the states and their governor and chief ministers. We have also included the chief minister and governors of union territories. Further in the article, you can also check out the selection process and powers of the chief minister and governor of India.<\/p>\n\n\n\n The Chief Minister of a state has a wide variety of responsibilities with respect to their state. A CM is the leader of the state\u2019s MLAs. Have a look at the complete state-wise list of chief ministers and governors of all Indian states as of 2022. Learning the complete list of State Chief Minister and Governor would be a bonus for the aspirants to boost up their preparation level.<\/p>\n\n\n\nUS president, Joe Biden signs landmark gun safety bill<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nDisbursement of Loan to MSME sector grew by 182% after pandemic period<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nBharat Electronics signs MoU with Belarus firm for Airborne Defense Suite<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nGST Council to talk about modifying law, online gambling and casinos<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nRanji Trophy 2022: Madhya Pradesh beats Mumbai by six wickets<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nInternational Day against Drug Abuse and Illicit Trafficking 2022<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nGaruda Aerospace to set up drone factory in Malaysia<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nGovernment appoints Tapan Kumar Deka as Director of Intelligence Bureau<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nComplete State-wise List of Chief Minister and Governor 2022<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\n
![\"India](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T120007.079.jpg\")
<\/figure>\n\n\n\n![\"ICICI](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T120159.801.jpg\")
<\/figure>\n\n\n\n![\"Parameswaran](\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/06\/download-2022-06-27T120321.760.jpg\")
<\/figure>\n\n\n\n