Ministry of Law and Justice  

Legislative Department, Ministry of  Law & Justice - Press Communiqué (12 MAY 2022 )

The President is pleased to appoint Shri Rajiv Kumar the senior-most Election Commissioner, as the Chief Election Commissioner in the Election Commission of India. 

Shri Rajiv Kumar will assume the charge of office of the Chief Election Commissioner with effect from the 15th May, 2022 vice Shri Sushil Chandra consequent upon his demitting the Office of the Chief Election Commissioner on the 14th May, 2022.  


Ministry of Tourism

Ministry of Tourism initiative of establishing ‘YUVA Tourism Clubs’ gets support from CBSE ( MAY 12, 2022 )

Ministry of Tourism has initiated establishing ‘YUVA Tourism Clubs’ as  part of the ‘Azadi ka Amrit Mahotsav’ celebrations. The vision of YUVA Tourism Clubs is to nurture and develop young ambassadors of Indian tourism who would become aware of tourism possibilities in India, appreciate our rich cultural heritage and develop an interest and passion for tourism.

Central Board of Secondary Education has come forward to support the initiative of Ministry of Tourism and issued instructions to all CBSE affiliated schools regarding formation of Yuva Tourism Clubs.

The Ministry of Tourism has shared a ‘Handbook for Schools for conduct of Tourism Clubs’. The Handbook reiterates the purposes, operational strategies along with specific guidelines and suggestions for conduct of various activities. The proposed sample of activities is suggestive and the teachers and schools are encouraged to incorporate allied activities under Ek Bharat Shreshtha Bharat (EBSB) programme like excursion, online or e-tourism, pen pals in the paired State/UT, learning the language of the paired State/UT, having exposure to the diversity, natural resources and rich heritage of India.


Ministry of Commerce & Industry

Government to send trade delegations to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon for exploring possibilities of boosting wheat exports from India ( MAY 12, 2022 )

The Centre will send trade delegations to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon for exploring possibilities of boosting wheat exports from India. India has set a target of a record 10 million tonnes of wheat in the 2022-23 amid rising global demand for the grain globally. The Ministry of Commerce & Industry has already set up a task force on wheat exports with representatives from various ministries, including commerce, shipping and railways, and exporters under the aegis of the Agricultural and Processed Food Products Export Development Authority (APEDA).

The Department of Commerce has also planned to organise a series of such sensitization meetings on exports in major wheat growing states such as Punjab, Haryana, Madhya Pradesh, Uttar Pradesh and Rajasthan.

Recently, Egypt, which is one of the world’s biggest importers of wheat, had agreed to source wheat from India. Egyptian authorities have put India as one of the origins for this strategic commodity. Egypt imported 6.1 MT of wheat in 2021 and India was not part of the list of accredited countries which can export wheat to Egypt.

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KARNATAKA HC

Karnataka High Court allows Chinese firm Xiaomi to access overdraft facilities from banks ( MAY 12, 2022 )

The Karnataka High Court has extended more relief to Chinese firm Xiaomi Technology India Pvt Ltd by allowing it to use overdraft facilities from banks for purposes other than paying royalties. The company had sought to use Rs 1,000 crore for its day-to-day expenditure. 

The HC order on Thursday came after the company approached it seeking clarification on an earlier order.  On Thursday, Xiaomi's counsel submitted before the HC that it was being targeted for being a Chinese company. It was claimed that Xiaomi has 25 percent share of the smartphones market in India and other companies with 75 percent market share were also paying royalties for the last 12 years to the same foreign companies.  

The ED claims that Xiaomi had transferred Rs 2,500 crore to three foreign companies; two in the US and one in China as royalties earlier this year.

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WORLD AFFAIRS

Pakistan, US hold security talks ahead of Bilawal's visit ( MAY 12, 2022 )

Pakistan and the United States on Wednesday completed their security level talks in Washington ahead of Pakistani Foreign Minister Bilawal Bhutto Zardari’s visit to Washington later this month.  Inter-Services Intelligence Director-General (DG ISI) Lt-Gen Nadeem Anjum spent three days in Washington this week, meeting senior security officials, including US National Security Advisor Jake Sullivan and CIA Director William J. Burns, Dawn newspaper reported.

The last security level talks between the two countries were held in July 2021, when then-National Security Advisor Moeed Yusuf met Mr Sullivan at the White House, Dawn newspaper reported.  Meanwhile, Bilawal is scheduled to visit the United States later this month at the invitation of United States Secretary of State Antony Blinken.  Recently, Blinken held a telephonic conversation with Bilawal.

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WORD OF THE DAY 

BATNA, i.e., Best Alternative to a Negotiated Agreement, is a term used to determine the alternative plans if the negotiation or current plans fail. Ensures the smooth conduct of business. It is cost-effective as through proper determination of BATNA, the unavoidable cost can be reduced, and the organization’s profit can be improved.

MARKET TODAY ( as on 12.05.2022 )

BSE SENSEX                  52,930.31 ▼ 1,158.08 (2.14%)

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DOLLAR VS RUPEE 

1 US Dollar = 77.43 Indian Rupee ( May 12, 5:48 PM UTC )

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