Indian Navy Conducts Annual Joint HADR Exercise CHAKRAVAT 2023
- Indian Navy Conducts Annual Joint HADR Exercise CHAKRAVAT 2023
- AJHE is the result of Prime Minister Narendra Modi’s preference conveyed during the Combined Commanders’ Conference in 2015
- To address the challenges posed by climate change in the Indian Ocean Region (IOR), the Indian armed forces conduct HADR operations as part of India’s Security And Growth for All in the Region (SAGAR) initiative.
- This exercise evolved the Indian armed force’s assistance in disaster times as a collaborative government approach that enhanced India’s preparedness and response to natural disasters.
EU Approves World’s 1st Green Bond Standards to Avoid Greenwashing
- European Union (EU) lawmakers approved new standards for companies issuing “green” bonds to helpinvestors by enabling them to distinguish truly sustainable companies from those engaged in greenwashing or misleading climate-friendly claims. These standards introduce the “European Green Bond” label, representing a first-of-itskind global initiative.
- Europe has emerged as a global leader in the issuance of green bonds, representing over 50% of the total volume in 2021, issuance is still only 3% to 3.5% of the overall bond market
- Companies aiming to categorise their bonds as “green” must disclose detailed information regarding the use of bond proceeds. Companies must allocate at least 85% of raised funds to activities aligned with the EU’s sustainable taxonomy.
- In addition to sustainable allocation, companies must demonstrate how these investments contribute to their transition to a net-zero carbon emissions economy
- The new standards establish a registration system and supervisory framework for external reviewers of European green bonds
Federal Bank Extends UPI Services to NRIs to Enhance Seamless Transaction
- Kerala based Federal Bank Limited has extended the Unified Payments Interface (UPI) integration for Non-Residential External (NRE) clients through its mobile banking platform, FedMobile, to enhance banking convenience for its Non-Residential Indian (NRI) clients
- With the integration of UPI, NRI clients can now make payments seamlessly using their NRE accounts in regions where traditional payment methods may be limited.
- The plan has been approved by the National Payments Corporation of India (NPCI) for NRIs from countries including Singapore, Australia, Malaysia, Canada, Hong Kong, Oman, Qatar, the United States of America(USA), Saudi Arabia, the United Arab Emirates(UAE), and the United Kingdom(UK).
- Any NRI customer with an Indian mobile number registered in theBank’s records can also avail of this facility, further enhancing accessibility.
- With UPI on FedMobile, NRE clients can enjoy a wide range of payment options, including Send Money, Scan N Pay, UPI Collect, and UPI Mandate approvals, including those for Initial Public Offering (IPO) Subscription.
- The feature will also be available on other UPI applications that support global UPI transactions to offer flexibility to the users.
360 One Wealth Hurun India Rich List 2023: Mukesh Ambani Tops
“360 One Wealth Hurun India Rich List 2023”,the 12th–anniversary edition of Hurun India Rich List released in association with 360 One Wealth, is topped by Mukesh Ambani(66),Chairman of Reliance Industries limited(RIL).Mukesh Ambani has regained the title as India’s richest man with a wealth of Rs 8,08,700 crore.Gautam Adani(61), Chairman of the Adani Group, is ranked 2nd with a wealth of Rs 474800 crore. In 2022 Adani topped the list, he was ahead of Ambani by a wealth gap of Rs 3 lakh crore.With a wealth of Rs 2,78,500 crore, Cyrus Poonawalla (82) retained the third position in the list.
i.It featured 1,319 individuals from 138 different cities with Rs 1,000 crore, a surge by 219 i.e. a rise of 76% over five years. This is the first time that the 1300 mark was broke.
ii.Manish Kejriwal of Kedaara Capital becomes the first Indian private equity fund manager on the list with Rs 3,000 crore net worth.
About Hurun India:
Managing Director and Chief Researcher– Anas Rahman Junaid
Headquarters– Mumbai, Maharashtra
Establishment– 2012
International Day of the Girl Child 2023- October 11
United Nations (UN) International Day of the Girl Child(IDGC) is annually observed across the globe on 11 October to focus attention on the need to address the challenges girls face and to promote girls’ empowerment and the fulfillment of their human rights.
The theme of IDGC 2023 observed on 11th October 2023 is “Invest in Girls’ Rights: Our Leadership, Our Well-being”.
The theme emphasises the need for the global community to go beyond making commitments and invest boldly in the action needed to empower girls, safeguard their rights, and enhance their well-being.
Key Points:
- On December 19, 2011, the United Nations General Assembly (UNGA)adopted a resolution A/RES/66/170 and declared October 11 of every year as the International Day of the Girl Child.
- The first International Day of the Girl Child was observed on 11 October 2012.
ASDM of Assam Govt & Indian Army signed MoU for upskilling of ex-servicemen
Assam Skill Development Mission (ASDM) under the Skill, Employment & Entrepreneurship Department,Government of Assam and the Indian Army (Headquarters 51 Sub Area) have signed a Memorandum of Understanding(MoU) for upskilling ex-servicemen and their dependents.
This MoU between the Indian Army and ASDM will empower ex-servicemen and their dependents to get remunerative employment and self-employment
About Assam:
Chief Minister – Himanta Biswa Sarma
Governor – Gulab Chand Kataria
Festival – Magh Bihu, Me-Dum-Me-Phi
Statdium – Dr. Bhupen Hazarika Cricket Stadium (Assam Cricket Association Stadium), Nehru Stadium
About Indian Army:
Chief of the Army Staff – General Manoj Pande
Headquarters – New Delhi, Delhi
Established – 1895