International News
- 9thand final meeting of Eminent Persons Group (EPG) on India-Nepal relations concluded in Kathmandu.
Indian News
- The Income Tax Departmenthas launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time.
- Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowermentannounced that a “National Workshop on Skill Development for Persons with Disabilities (Divyangjan)”
- Union Agriculture and Farmers’ Welfare Minister, Shri Radha Mohan Singh announced the “National Policy on Marine Fisheries, 2017”in the inter-session meeting of the consultative committee of the Ministry of Agriculture and Farmers’ Welfare on “Marine Fisheries-Mariculture in India” in Rameswaram, Tamil Nadu.
- The Election Commission of India (ECI)announced that it has organized a two-day “National Consultation on Accessible Elections,” from the 3rd July, 2018 in New Delhi.
- The government has set up a 13-member committeefor Sub-National Accounts will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad
- The Government notified the Electoral Bond Scheme 2018via Gazette Notification.
BANKING & FINANCE
- Insurance Regulatory and Development Authority of India (IRDAI)approved Life Insurance Corporation (LIC) of India’s proposal to hike its stake to 51 per cent in IDBI Bank from 8 per cent.
- NSEsigns an agreement with Nasdaq for a suitable platform and technology backbone to effectively tap post–trade delivery capabilities.
- Indian public and private banks have started using AI improve efficiency, detect human behaviour and reduce operational costs.
BUSINESS & ECONOMY
- The first threephase energy efficient Mainline Electric Multiple Unit (MEMU)coaches built with stainless steel bodies were rolled out by Integral Coach Factory (ICF) in Coimbatore, Tamil Nadu.
- Numaligarh Refinery Ltd (NRL)in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing ‘Legatrix’.
AWARDS & RECOGNITION
- Anjolie Ela Menon received the National Kalidas Samman in Delhi for visual arts from the Madhya Pradesh government.
- Himachal Pradesh has been named first among states for its performance under thePradhan Mantri Surakshit Matritav Abhiyan (PMSMA)in India.
APPOINTMENTS & RESIGNS
- Andres Manuel Lopez Obradorwon Mexico’s presidency with the widest margin in a presidential election since the 1980s.
- Banks Board Bureau (BBB)has recommended 15 executive directorsto be elevated as managing directors (MD) at various public sector banks.
- The country’s largest lender, State Bank of India (SBI) has selected Arijit Basuas Managing Directorof the bank.
- Saraswati Prasad was appointed the new chairman and managing director (CMD) of SAIL (Steel Authority of India Limited).
- P K Shrivastava took charge as the new director general and chairman of the Ordnance Factory Board (OFB)
- Delhi & District Cricket Association (DDCA) on its polls for the post of president elected Senior journalist Rajat Sharmaas its
ACQUISITIONS & MERGERS
- Bharti Airtel-ownedtelecom tower company Bharti Infratel Limitedgot an approval from the Competition Commission of India to merge with Indus Towers Limited.
SCIENCE & TECHNOLOGY
- India is currently in the process of inducting the first batch of its intercontinental ballistic missile system Agni-V.
- Deepak Mathur, Executive Vice-President, Global Sales at SES Video, said that, the successful launch of SES-12 satellite recently will help India’s direct-to-home (DTH) TV market.
SPORTS
- India won the six-nation Kabaddi Masters Dubai title in Dubai.
- 2018 Malaysia Open, officially named the CELCOM AXIATA Malaysia Open was held at Axiata Arena in Kuala Lumpur, Malaysia. Total Prize money of the tournament was $700,000.
IMPORTANT DAYS
- 2nd July 2018, World Sports Journalists Day was celebrated all over the world.
- 2nd July 2018, World UFO (Unidentified Flying Objects) day was observed all over the world.