World Bank has appointed Indian national Indermit Gill as its Chief Economist and Senior Vice President for Development Economics.

Mr Gill will succeed American economist Carmen Reinhart in the role and his appointment will be effective September 1, 2022. Mr Gill is currently Vice President for Equitable Growth, Finance, and Institutions, where he led work on macroeconomics, debt, trade, poverty, and governance.

Announcing his appointment, World Bank President David Malpass said, “Gill brings to this role a combination of leadership, invaluable expertise and practical experience working with country governments on macroeconomic imbalances, growth, poverty, institutions, conflict, and climate change.

The auction of 5G spectrum will commence today. The spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. A total of over 72 thousand Mega Hertz of spectrum with a validity period of 20 years will be put to auction. The auction will be held for spectrum in various Low, Medium and High frequency bands. It is expected that the spectrum will be utilised by Telecom Service Providers to roll-out of 5G technology-based services capable of providing speed and capacities which would be about 10 times higher than the current 4G services.

Digital connectivity has been an important part of policy initiatives of Government through its flagship programmes such as Digital India, Start-up India and Make in India. Broadband, especially the mobile broadband, has become integral part of the daily lives of the citizens. This received a big boost through the rapid expansion of 4G services across the country since 2015. Eighty crore subscribers have access to broadband today compared to ten crore subscribers in 2014.  The upcoming 5G services have the potential to create new age businesses, generate additional revenue for enterprises and provide employment arising from the deployment of innovative use-cases and technologies.

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala has launched NDDB MRIDA Limited, a wholly-owned subsidiary company of National Dairy Development Board to take forward manure management initiatives across the country. It was launched at a function in New Delhi in the presence of  Minister of States for Fisheries, Animal Husbandry and Dairying Dr Sanjeev Kumar Balyan and Dr L Murugan. National Dairy Development Board (NDDB) has established NDDB MRIDA Limited, an Unlisted Public Limited Company under the Companies Act, 2013 on 1st of July this year.

On the occasion, Mr Rupala said NDDB Mrida Ltd will open avenues of additional income to dairy farmers from sale of slurry or dung. He added that it will help in savings to the farmers by virtue of replacement of cooking fuel with biogas. He further said that efforts are being made for better utilisation of bovine dung but most are individual initiatives and this new company will provide structured impetus to manure management efforts.

Kargil Vijay Diwas will be celebrated across the country today. The Nation will remember its war heroes and pay tributes to the Martyrs on Kargil Vijay Diwas. The day marks the victory of the Indian armed forces in Operation Vijay in 1999, when they evicted the infiltrators backed by the Pakistani army from high outposts in the Kargil sector.

The Kargil war was fought for more than 60 days and ended with India regaining control of all the previously held territory. The victory of Tiger Hill was one of the crucial achievements in the 60- day long conflict. Indian soldiers fought the Kargil War under the toughest conditions, on difficult terrain, at an altitude of 18 thousand feet.

On the occasion of Kargil Vijay Diwas, President Droupadi Murmu today bowed to all the brave soldiers who laid down their lives to protect the country. In a tweet, Ms Murmu said, Kargil Vijay Diwas is a symbol of extraordinary valor and determination of the armed forces. She said, all the countrymen will always be indebted to armed forces and his family members.

The 163rd anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across the country on Sunday. In her message to the Income Tax Department, Finance Minister Nirmala Sitharaman observed that the reforms introduced by the Government in recent years have ensured a trust-based tax system. She noted that the taxpayers also have vindicated this trust-based approach as evident from the trend of improved tax collections and increase in the number of Income Tax Returns filed. Mrs. Sitharaman appreciated the Income Tax Department for having successfully implemented the policy reforms and for having effectively reoriented itself as a taxpayer-centric organisation. The Finance Minister complimented the Department for having achieved the highest ever revenue collection of over 14 lakh crore in the last fiscal.

The Council for the Indian School Certificate Examinations (CISCE) has declared the Class 12th result on Sunday evening. The result has been uploaded on the website of the CISCE. Students can view their result by logging on to
cisce.org
and
results.cisce.org
Results is also available through SMS for which detail has been posted on the websites.

President-elect Droupadi Murmu will be sworn-in as President of India in the Central Hall of Parliament today. Outgoing President Ram Nath Kovind and his wife Savita Kovind extended greetings to Ms Murmu at Rashtrapati Bhavan this morning. Mr Kovind and Ms Murmu will arrive in the Central Hall in a ceremonial procession.

Chief Justice of India NV Ramana will administer the oath of the office of the President to Mrs Murmu, which will be followed by a 21-Gun Salute. At the conclusion of the ceremony in the Central Hall, the President will leave for Rashtrapati Bhavan where an Inter-Services Guard of Honour will be given to her in the Forecourt and courtesies will be extended to the outgoing President Ram Nath Kovind.

Education Minister Dharmendra Pradhan congratulated the students on announcement of Class X and Class XII results by CBSE. He said that this is a moment to rejoice for teachers, parents, and significant others who play an important role in any student's success and wished all students a happy, healthy, and bright future. Terming this period for students, Mr Pradhan suggested students think about what they want to do in the future.

Encouraging the students who are not satisfied with their results, he said that the world is replete with examples of people who did not excel in exams but did exceedingly well in life. Citing his own example, Mr Pradhan said that he was an average student who did not score high in exams. He added that life manifests itself in unimaginable ways if one is ready to embrace it and put in the hard work.

Prime Minister Narendra Modi today bow to two great sons of Maa Bharti, Lokmanya Tilak and Chandra Shekhar Azad on their birth anniversary. In a tweet, Mr. Modi said, these two stalwarts epitomize courage and patriotism. The Prime Minister also shared what he had spoken about Lokmanya Tilak and Chandra Shekhar Azad during Mann Ki Baat a few years ago.

He said, one of the everlasting legacies of Lokmanya Tilak is the large-scale Ganesh Utsav, which ignited a spirit of cultural consciousness among the people. Mr. Modi said, during one of his Mumbai visits, he visited the Lokmanya Seva Sangh, which has a close association with Lokmanya Tilak.

Chief Justice of India, Justice N V Ramana will administer the oath of office to Ms Murmu on Monday at the Central Hall of Parliament.

64-year-old Droupadi Murmu is the youngest President of the country. She is the first President of India who is born after Independence. in 1997, Ms Murmu first joined politics and was elected councilor in Rairangpur Notified Area Council. She served twice as an MLA from the Rairangpur assembly constituency from 2000 to 2009 and once as a Minister for Commerce, Transport, Fisheries and Animal Resources Development in Odisha Government. On 18th May 2015, Mr Murmu took oath as Governor of Jharkhand and stayed in the post till 12th July last year. She was the first woman Governor of the state and the first female tribal leader to serve as a Governor in any Indian state.