International News
77th World Health Assembly held in Geneva,
Switzerl
- The theme of the assembly was “All
for Health, Health for All”.
- GPW 14 aims to build resilient, fit-for-future health systems from 2025–2028.
- Strategic objectives of GPW 14 include addressing climate change, health determinants, primary health care, health service coverage, health risks, and health emergencies.
WEF’s Technology Pioneer 2024 List: Pixxel,
Sarvam AI, Nirmai Health Analytix
- Niramai Health Analytix: It’s developing an AI-based test for early-stage detection of breast
cancer, which is affordable, portable, and non-invasive.
- Pixxel: This
startup is developing a constellation of hyperspectral earth imaging satellites
to capture geospatial data.
- Sarvam AI: Sarvam
AI aims to develop custom-made Large Language Models (LLMs) with a special
focus on Indian languages and use cases.
National News
Reliance, Tata Group & Serum Institute
Featured on TIME100 Most Influential Companies 2024
- Reliance Industries: Recognized for its ventures in energy, retail, and telecommunications.
Recently, it struck a $8.5 billion merger deal with Disney’s India business.
- Tata Group: Made
significant investments in tech manufacturing, AI, and semiconductor chips. In
2023, it became the first Indian company to assemble iPhones and announced
plans for India’s first major semiconductor manufacturing facility.
- Serum Institute of India: Known for its significant contributions to vaccine production,
including a game-changing malaria vaccine.
PM Modi launched ‘Ek Ped Maa Ke Naam’
Campaign on World Environment Day
- The campaign aims to honor mothers
and promote environmental protection.
- This initiative signifies the protection of the Earth’s environment by afforestation to stop land degradation, soil erosion, and falling water tables.
- Narendra Modi has taken oath as Prime Minister of India for his third consecutive term
- The grand oath-taking ceremony
took place on Sunday, June 9, 2024, at the presidential palace in
Delhi.
- During his oath, Modi pledged to “do
right to all manner of people without affection or ill-will”.
- The ceremony was attended by leaders from neighbouring countries, reflecting India’s ‘Neighbourhood First’ policy.
Banking
PhonePe Launches Secured Lending Platform
With Banks, NBFC and Fintech Firms
- The platform, designed to provide a seamless user experience in the secured loans category, offers its over 535 million registered users access to loans across six major categories: Mutual Fund Loan, Gold Loan, Bike Loan, Car Loan, Home Loan/Loan against Property, and Education Loan.
- The loan application process is initiated within the familiar environment of the PhonePe app, simplifying the process for users.
- PhonePe has partnered with top lenders such as Tata Capital, L&T Finance, Hero FinCorp, Muthoot
Fincorp, DMI Housing Finance, Home First Finance, rupyy, Volt Money, Gradright,
and more.
SEBI
Launches User-Friendly Beta Settlement Calculator
- The calculator allows applicants to select fields according to the offences they have committed.
- It enables the applicant to select appropriate options based on their previous regulatory history, SEBI’s actions, and the details of any other ongoing procedures as of the filing date of the settlement application.
- A user-friendly guide video has been included in the settlement calculator for the ease of understanding the process of arriving at the indicative settlement amount.
- The beta version of the settlement
calculator is available on the SEBI website.
- This initiative is aimed at enhancing transparency and making the settlement process more user-friendly.