Report / Indices / Ranking

Forbes list of India’s 10 richest billionaire

Rank Name Net Worth

1st Mukesh Ambani 84.5 billion USD
2nd Gautham Adan 50.5 billion USD
3rd Shiv Nadar 23.5 billion USD
4th Radhakishan damani 16.5 billion USD
5th Uday Box 15.9 billion USD

6th Lakshmi Mittal 14.9 billion USD

7th Kumar Birla 12.8 billion USD
8th Cyrus Poonawalla 12.7 billion USD
9th Dilip Shanghvi 10.9 billion USD
10th Sunil Mittal 10.5 billion USD

About Forbes

Based in New Jersey

Editor-in-chief Steve Forbes

Appointment / Resignation
News 1:

NCAER appoints World Bank’s economist Poonam Gupta as Director General

 The National Council of Applied Economic Research (NCAER) has
appointed Poonam Gupta as its new director general, effective from July 1.

About Poonam Gupta

 Gupta will succeed the current head , Shekhar Shah, to become the first
woman to hold the post.
About NCAER

Establishment Year 1956

Headquarters New Delhi
 President Nandan Nilekani
Director general Poonam Gupta

About World Bank

Formation July 1944

Headquarters Washington, D.C.
Membership 189 countries (IBRD), 173 countries (IDA)
President David Malpass
MD and CFO Anshula Kant
Chief Economist Carmen Reinhart

News-2

Carl Bildt appointed WHO special envoy for ACT-Accelerator

 World Health Organization (WHO), appointed Carl Bildt as WHO Special

Envoy for the Access to COVID-19 Tools Accelerator (ACT-Accelerator).

About the ACT-Accelerator

 It is a global collaboration to accelerate development, production, and

equitable access to novel coronavirus disease (COVID-19) tests,
treatments and vaccines.
About WHO

Formation 7 April 1948

Headquarters Geneva, Switzerland
Director-General Tedros Adhanom

About Sweden

Currency Swedish krona

Capital Stockholm

News-3

Chintan Vaishnav appointed as Mission Director of Atal Innovation Mission

 Dr Chintan Vaishnav has been appointed the mission director of Atal

Innovation Mission (AIM), the government’s flagship initiative under NITI
Aayog.

Additional fact
 Vaishnav will take over from Ramanathan Ramanan later this month.

About the Atal Innovation Mission

Atal Innovation Mission (AIM), NITI Aayog is Government of India’s flagship

initiative to promote a culture of innovation and entrepreneurship in the
country and was set up in 2016.

About NITI AAYOG

Chairman PM Modi
Vice Chairperson Rajiv Kumar
HQ New Delhi

CEO Amitabh Kant

News-4

Pham Minh Chinh sworn in as Vietnam’s next Prime Minister

 Vietnam’s National Assembly confirmed Pham Minh Chinh will be the
next Prime Minister at an official ceremony.

About Vietnam

Currency đồng
Capital Hanoi

News-5

Vivo Ropes in Virat Kohli as Brand Ambassador

Vivo has appointed Indian cricketer Virat Kohli as its brand ambassador.

Business/ Finance/ Economy

News-1

RBI Monetary Policy

 Monetary Policy Committee of Reserve Bank of India announced the

outcome of its bi-monthly monetary policy review.

About the Rates

repo rate (unchanged) 4%

reverse repo rate 3.35%
GDP growth for the Fiscal Year 2021-22 10.5%
MSF rate (unchanged ) 4.25%
Bank rate (unchanged ) 4.25%
Consumer Price Index Target

Quarter -1 5.2%
Quarter -2 5.2%
Quarter-3 4.4%
Quarter-4 5.1%

Additional facts
 RBI is to buy Rs 1 lakh crores of G-Sec under the G-Sec Acquisition
Programme.

 The Apex Bank has increased the State’s Ways and Means Advances by
46%. The current limit is Rs 32,225 crores. It has now been increased to
Rs 47,010 crores on the recommendation of a committee headed by Shri
Sudhir Shrivastava.

 Maximum End of Pay balance for payment banks has been doubled to Rs 2
lakhs.

 Additional liquidity facility of Rs 50,000 crores announced for NABARD,

SIDBI and NHB in 2021-22.

 The Reserve Bank of India has announced that it will periodically publish a
“Financial Inclusion Index” (FI Index) annually in July for the financial year
ending previous March.

Important Information

The composition of the Monetary Policy Committee is as follows:

Chairperson, ex officio: Shri Shaktikanta Das RBI

Dr Michael Debabrata Patra RBI
Dr Mridul K. Saggar RBI
Prof. Ashima Goyal GoI
Prof. Jayanth R Varma GoI
Dr Shashanka Bhide GoI

About RBI

Formation 1 April 1935

Governor Shaktikanta Das
HQ Mumbai, Maharashtra
Deputy Mahesh Kumar Jain, Michael Debabrata Patra and M
Governors Rajeswar Rao)

News-2

RXIL first TReDS platform to cross Rs 1000 crores monthly

RXIL पहला TReDS प्लेटफॉमस 1000 करोड़ रुपये मातसक पार करने के तलए

RXIL is the Receivables Exchange of India.

Additional fact

 RXIL has become the first TReDS platform to cross a monthly throughput
of Rs 1000 crores.

 The transaction volume in the platform grew from Rs 69 crores in April 2020
to Rs 1,105 crores in March 2021 with this MSME sector that was badly hit
during COVID-19 is getting revived.

About TReDS ( Trade Receivables Discounting System (TReDS))

TReDS an electronic platform that facilitates financing of MSMEs through multiple financie

News-4
Prepaid Payment Instruments
 The Reserve Bank of India recently made three main changes to the
Prepaid Payment Instruments.

Changes made by RBI

 The limit of outstanding balance in PPIs is to be increased from the current

level of Rs 1 lakh to Rs 2 lakhs.

 The facility of cash withdrawal is to be permitted for full KYC PPIs of non-
bank PPI issuers.

 The membership to RBI-operated Centralised Payment Systems (NEFT

and RTGS) are to be opened to non-banks such as the Central bank
regulated payment system operators.

Types of PPi used in India

About RBI

Formation 1 April 1935

Governor Shaktikanta Das
HQ Mumbai, Maharashtra
Deputy Governors 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain,
Michael Debabrata Patra and M Rajeswar Rao)

National Affairs
News-1

Pradhan Mantri Mudra Yojana: 1.12 crore employment generated

 The Ministry of Finance recently announced that nearly Rs 15 lakh crores

have been sanctioned under Pradhan Mantri MUDRA Yojana (PMMY).

 It has helped to generate 1 crore 12 lakh net additional employment

between 2015 and 2018.

Achievements of PMMY
Total loan sanctioned More than 28 crore 68 lakh loans
total loans to women entrepreneurs 68%
SC, ST and OBC borrowers 51%

About PMMY

launched 2015
Full form Pradhan Mantri Mudra Yojana
full form of MUDRA Micro Units Development and Refinance Agency Limited

Loan amount under Schemes

Shishu Up to 50000
Kishor More the 50000 to 5 Lakh
Tarun More than 5 Lakh to 10 Lakh

News-2

Pradhan Mantri Awas Yojana: 92% Target achieved

 The Ministry of Rural Development announced that under the Pradhan
Mantri Awas Yojana-Gramin (PMAY-G) has achieved 92% target in the
first phase of the scheme.

About the achievement

 A target of 1 crore houses was set for completion in Phase I of the
scheme.

 92% target has been completed.

Features of PMAY G Scheme

 Introduction - 2016

 The cost of the unit will be shared in a 60:40 ratio between the Central and
State governments in plain areas (Rs.120000)
  In the Himalayan states, northeastern states, and the Union Territory (UT)
of Jammu & Kashmir, the ratio is 90:10 (Rs.130000)

 100% financing from the Centre for Union Territories including the UT of
Ladakh

 Assistance for construction of toilets of up to Rs.12,000 to be provided under

Swachh Bharat Mission-Gramin (SBM-G)

News-3

Atal Innovation Mission, CIPS join hands for Innovation in Public System

 The Atal Innovation Mission, Centre for Innovations in Public Systems

(CIPS) and NITI Aayog collaborated to reinforce the entrepreneurship and
innovation ecosystem in India.
Additional fact

Purpose to promote innovation in the area of public system.

Benefits To promote programs launch by AIM

About Centre for Innovation in Public System

Centre for Innovation in an autonomous Centre for

Public System Administrative Staff College of India
established by Government of India in 2010
recommendation made by Thirteenth Finance Commission for the
years 2010-15

International Affairs

News-1

UAE’s first nuclear power plant begins its commercial operations

 The Barakah nuclear power plant in the United Arab Emirates’ began its
commercial operations on April 6, 2021.
About Barakah Nuclear Plant

The Barakah nuclear power plant, located in the Al Dhafrah region of Abu Dhabi,
capital of the UAE, is the first nuclear power plant in the UAE.
 The Barakah nuclear power plant is being built by the Emirates Nuclear
Energy Corporation (ENEC) and Korea Electric Power Corporation
(KEPCO).

News-2

BRICS Finance Ministers Meet, 2021

 India recently hosted the BRICS Finance Ministers Meet.

Important fact

 BRICS is celebrating its 15th anniversary in 2021, but it will be the 13th
BRICS Summit which India is chairing.
 EAM Dr. S. Jaishankar launched the website brics2021.gov.in for it.

 The theme for India’s chairship is ‘BRICS @ 15: Intra-BRICS Cooperation

for Continuity, Consolidation and Consensus’.
 This is the third time India is hosting BRICS Summit as previously India
hosted in 2012 and in 2016.

About BRICS

 BRICS is the acronym of Brazil, Russia, India, China and South Africa.
 The first BRICS summit was held in 2009 in Russia.
 In 2010, South Africa joined the BRICS grouping.
 Earlier to this, the grouping was called BRIC.

State News
News-1

Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance

2021
 The Uttar Pradesh Cabinet recently approved the Uttar Pradesh Regulation
of Urban Premises Tenancy (second) Ordinance, 2021.
 The ordinance makes it mandatory to sign a contract to rent out a
property.
 The ordinance will establish Rent authority and Rent tribunal to solve
disputes.

About Uttar Pradesh

CM Yogi Adityanath
Governor Anandiben Patel

Science & Technology

News-1

Robots made from stem cells of frogs

 The scientists have used the stem cells of frogs to create a new living
robot named as Xenobots.

About Xenobots

Xenobots are made from frog cells.

named after the Xenopus laevis frog
Xenopus laevis an African frog.
is
Purpose robots are used to detect diseases and deliver drugs to specific
areas of the body.
comprises of 500-1000 living cells

Government Schemes

News-1

PLI Scheme for Air Conditioners and LED Lights approved

 The Union Cabinet recently approved the Production Linked Scheme for
 White Goods such as Air conditioners and LED lights.
 The budget allocated for the scheme is Rs 6,238 crores.
 The scheme will provide incentive of 4% to 6% to the companies engaged in
the manufacturing of Air Conditioners and LED lights.
 The incentives are to be provided for a period of five years.

News-2

Union Ministers Dr Harsh Vardhan and Arjun Munda launches Tribal Health
Collaborative ‘Anamaya’
 The Union Minister for Health and Family Welfare, Dr Harsh Vardhan and the
Union Minister of Tribal Affairs, Shri Arjun Munda jointly launched
‘Anamaya’, the Tribal Health initiative.

Objective

 Anamaya is an initiative to enhance the health and nutrition status of the

tribal communities of India by converging efforts of various Government
agencies and organisations.

Important Information

 The initiative is supported by Piramal Foundation and Bill and Melinda

Gates Foundation (BMGF).

Obituary
News-1

Gita Press president Radheshyam Khemka passes away

 The president of Gita Press, Radheshyam Khemka, passed away.

About Khemka

 Khemka for 38 years was the editor of the prominent ‘Kalyan’ magazine
printed in the press.

 He last edited the magazine’s April 2021 issue.

  Gita Press is the world’s largest publisher of Hindu religious texts.

About Gita Press

Founded 29 April 1923

Founder Jay Dayal Goyanka Ghanshyam Das Jalan
Headquarters Gorakhpur, Uttar Pradesh

Important Days /Dates

News-1

World Health Day: 07 April

Day World Health Day

Date April 7
Global
First organised 1950 Health
o mark the establishment World Health Organisation (WHO) on 7
of April 1948
Theme of 2021 “Building a fairer, healthier world for
everyone”
Campaigns of WHO
Day Date
World Tuberculosis Day 24 March
World Malaria Day 25 April
World Immunization Day 10th November
World No Tobacco Day 31 May
World Blood Donor Day 14 June
World AIDS Day 1 December
World Chagas Disease Day 14 April
World Hepatitis Day 28 July
World Antimicrobial Awareness Week 18-24 November
World Patient Safety Day 17 September
About World Health Assembly

governed by 194 member states

composed of health ministers from the member
states
governed through World Health Assembly
current chairperson of World Dr Harsh Vardhan (Minister of Health News-2
Health Assembly and Family Welfare in India)
International Day of Reflection on the 1994 Rwanda Genocide

Day International Day of Reflection on the 1994 Genocide against the

Tutsi in Rwanda
Date 7 April
announced United General Assembly in 2003
by
aims to educate the world population regarding genocides and the
consequences of the crime.

About UNESCO

formation 4 November 1946

Headquarters Paris, France
Director-General Audrey Azoulay