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 AFFAIRSCLOUD TODAY
Current Affairs 12 July 2023 : Headlines

1. Ministry of Finance amends Small Saving Rules, allows NRIs as Nominees

2. L&T and Spain’s Navantia sign an ‘Teaming Agreement to build submarines for Indian Navy
3. U20 chair city Ahmedabad hosted U20 Mayoral Summit 2023 in Gandhinagar, Gujarat
4. Assam’s Numaligarh Refinery Limited Upgraded to ‘Schedule A’ CPSE
5. MoD & HAL sign Rs 458 crore contract for two Dornier Aircraft
6. Department of Telecommunications (DoT) Launches Bharat Internet Utsav
7. AIM and Bayer launches Nationwide ATL Industry Visit for students
8. United Nations IMO adopts strategy to reduce GHG Emissions from Ships
9. RBI allows Card Network Portability from Oct 1, 2023
10. Bajaj Allianz General Insurance sets Guinness World Records title at the first-ever General
Insurance Festival of India
11. 4 Indian Origin Women features on Forbes’ America’s Richest Self-Made Women 2023
12. NLC India Ltd as been declared the Winner of the GeM Award for 2023
13. Shavkat Mirziyoyev Re-Elected as President of Uzbekistan for 7 years term
14. Microsoft India President Anant Maheshwari resigns, Irina Ghose becomes MD
15. World Archery Youth Championships 2023: India won 11 medals(6 Golds, 1 Silver, 4 Bronze)
16. Spain’s only Ballon d’Or winner Luis Suarez passed away at 88
17. World Population Day 2023 – July 11

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 NATIONAL AFFAIRS
Ministry of Finance amends Small Saving Rules, allows NRIs as Nominees
The Ministry of Finance has amended the Government Savings Promotion General Rules, 2018 with
Government Savings Promotion General (Second Amendment) Rules, 2023, under which the Non-resident
Indians (NRIs) are made eligible to be nominated as nominee for government saving schemes.

• This is on the condition that payment to such nominee/s shall be on non-repatriation basis.
• This amendment has been added as sub-rule (9) in the principal rules, in rule 14, after sub-rule (8).
• The new rule indicates that the money needs to utilised in India.
Key Points:
i.The rule covers various schemes under the Government Savings Promotion Act, 1873, such as Public
Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizens
Savings Scheme (SCSS), Mahila Samman Savings Certificate Scheme (MSSC), Post Office Time Deposits,
Kisan Vikas Patra (KVP), and Post Office Monthly Income Scheme.
ii.This amendment benefits NRIs by allowing them to invest in small saving schemes and addresses issues
related to their nomination.
iii.Another amendment allows for converting a joint account into a single account upon the death of an account
holder. Previously, this conversion was not allowed.
iv.Changes have been made to payment norms for the death of a depositor. For amounts up to Rs 5 lakh
without a nominee, specific documents must be provided within six months. In the absence of relevant
documents, the rightful claimant will be required to fill out Form 11.
• For amounts exceeding Rs 5 lakh, payment is based on the will or letter of succession, along with
other necessary documents.
v.Another Key Amendments include Changes to name/surname, Accounts on the names of minors, etc. Click
Here for Official full list of Amendments

L&T and Spain’s Navantia sign an ‘Teaming Agreement to build submarines for Indian Navy
On 10th July 2023, Spain’s shipbuilder Navantia and engineering major Larsen & Toubro Ltd (L&T), India
signed an ‘Teaming Agreement'(TA) in Delhi to jointly bid for a Rs. 43,000-crore (4.8 billion euros) project to
build 6 advanced diesel-electric submarines for the Indian Navy.
• The TA was signed for the purpose of submission of a techno-commercial bid for the Indian
Navy’s Project 75 (India) or P75 (I), a military acquisition initiative and submarine programme
affiliated to India’s Ministry of Defence (MoD) .
• This agreement follows a Memorandum of Understanding (MoU) signed between L&T and Navantia
on 11th April 2023 in Madrid, Spain to bid for the Indian Navy’s P75 (I).
• Under the agreement, Navantia will design the P75(I) submarines based on its S80 class. The first
S80 submarine, launched in 2021, is undergoing sea trials and will be delivered to the Spanish Navy
by end 2023.

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Key people:
The pact was signed in the presence of, L&T Chief executive officer(CEO) and Managing Director(MD) S N
Subrahmanyan, Naval Construction Vice President and Member of the Board of Navantia Augustin Alvarez
Blanco and Spanish envoy Jose Maria Ridao Dominquez.
Project 75 (I)
i.It requires Indian bidder to tie up with a foreign collaborator and execute the programme for the delivery of
six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targetted
Indigenous content.
• The environmentally Green AIP is a third-generation system that runs on Bio-Ethanol Stealth
Technology (BEST) and has lower operating and through-life costs.
ii.P75(I) would be the first program to be processed under the ambitious Strategic Partnership (SP) model that
allows domestic defence manufacturers to join hands with foreign defence majors to produce high-end military
platforms to reduce import dependence.
Construction of the submarine:
L&T would build the submarines, while Navantia would design them based on the Spanish state-owned
shipbuilder’s S80 class of submarines and provide the AIP system that lets submarines remain underwater
longer.
Other works of Navantia:
Navantia has been involved in the design and construction of
• the Scorpéne class of submarines together with DCNS (Now Naval Group) of France,
• the Scorpene submarines (Kalvari class) built in India, including hand-holding of the Indian yard.
Note: The P-75I programme is one of the biggest under the Make in India initiative.
About Larsen & Toubro Ltd (L&T):
Chief Executive Officer & Managing Director– S. N. Subrahmanyan
Headquarters- Mumbai
Established- 1938

U20 chair city Ahmedabad hosted U20 Mayoral Summit 2023 in Gandhinagar, Gujarat
Ahmedabad (Gujarat), the Chair City of Urban 20(U20) 2023, hosted the 2-day U20 Mayoral Summit 2023 from
7th to 8th July 2023 in Gandhinagar, Gujarat. The Summit concluded with the handover of the Communiqué
from the Mayors to G20 leaders.
• Kiritkumar J Parmar, Mayor of Ahmedabad handed over the Communique to Hardeep Singh Puri,
Union Minister of Housing & Urban Affairs and Amitabh Kant, G20 (Group of 20) Sherpa.
• The handover was moderated by the U20 convenors, C40 Cities and United Cities and Local
Governments (UCLG).

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Note: C40 cities is a set of major cities around the world that have committed to fighting climate change, which
connects around 96 of the world’s largest and most influential cities.
About the Communiqué:
i. The Communiquéwas officially endorsed by a record number of 105 cities across the world.
• This is around twice the number of endorsements for any previous U20 communiqués and is the
highest ever number of endorsements received to date for any U20 Communiqué.
ii. The Communiqué is in line with the theme of India’s (G20) presidency “VasudhaivaKutumbakam”, or One
Earth, One Family, One Future.
iii. The Communiqué has been drafted as an action agenda for the 6 priorities identified collectively by U20
cities. The priorities are:
• Encouraging environmentally responsible behaviours
• Accelerating climate finance
• Championing local culture and economy
• Ensuring water security
• Catalysing digital urban futures and
• Reinventing frameworks for urban planning and governance.
Key Points:
i. While addressing the Summit, Union Minister Hardeep Singh Puri stated that cities play a major role in
achieving the global goals related to sustainability, inclusivity and climate resilience.
ii. He also highlighted the 9 focus areas for the cities to achieve a sustainable future:
• Strengthen local governance
• Plan beyond traditional boundaries
• Push for financially self-reliant cities
• Foster a culture of innovation
• Harness the power of data and technology
• Shift from regulation to facilitation
• Focus on impacts not outcome
• Put citizens at the heart of urban policy
• Leverage local culture and economy
About the U20 Mayoral Summit 2023:
i. The Summit was hosted with the support of the Ministry of Housing and Urban Affairs(MoHUA) National
Institute of Urban Affairs (NIUA), and the U20 Technical Secretariat.
• The summit offered a platform for city leaders from G20 countries to deliberate on actions towards
sustainability.
ii. The current U20 cycle has also created a record with over 50 articles, 6 extensive background research
papers, six white papers on the six priority areas and six U20 bulletins being prepared and released during the
cycle.
iii. The Summit also saw the launch of several technical papers and documents including the Policy brief on
Mainstreaming Gender in U20 and the Ahmedabad Resilient City Climate Action Plan, which gives a roadmap
for achieving net-zero emissions by 2070.

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What is U20?
Urban 20 is a city diplomacy initiative that brings together cities from G20 member states under a common
framework to discuss global economic, climate and development issues.
About Gujarat:
Chief Minister- Bhupendrabhai Patel
Governor- Acharya Devvrat
Airport- Sardar Vallabhbhai Patel International Airport and Dholera International Airport

Assam’s Numaligarh Refinery Limited Upgraded to ‘Schedule A’ CPSE

The Ministry of Petroleum and Natural Gas in its recent notification announced that the largest refinery in
northeast India, The Numaligarh Refinery Limited (NRL) in Assam has been elevated from the ‘Schedule B’ to
‘Schedule A’ category Central Public Sector Enterprises(CPSE) by Government of India.

i. With its new status as a ‘Schedule A’ enterprise, NRL becomes eligible to achieve the coveted Navratna As a
Navratna company, NRL will have the freedom to invest up to Rs 1,000 crore without seeking approval from
the central government.
ii. NRL will now have the authority to make swift decisions concerning joint ventures, strategic partnerships,
and special-purpose vehicles, paving the way for strategic growth.

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About Numaligarh Refinery Limited(NRL):
• Numaligarh Refinery Limited(NRL) in which the Assam government holds a 26% stake, ranks
among the top 20 Central Public Sector Enterprises (CPSEs) in India in terms of sales revenue and
profitability.NRL is the largest refinery in Northeast India.
• NRL has also made its mark internationally by commencing the export of petroleum products to
neighbouring countries, thereby promoting the government’s Act East Policy.
About categories in Central Public Sector Enterprises(CPSE):
All CPSEs are required to be categorised into four schedules namely,
• Schedule ‘A’ : These are the largest and most important CPSEs. These are the highest-ranked CPSEs,
known for their excellent performance, high profitability, and strategic importance. Schedule A
CPSEs have greater financial autonomy and can make investment decisions up to a certain limit
without requiring approval from the central government.
• Schedule ’B’: These are medium-sized CPSEs. CPSEs in this category are considered to have good
financial performance and operational capabilities, but they may not meet all the criteria of Schedule
A enterprises.
• Schedule ‘C’ : These are smaller CPSEs CPSEs classified as Schedule C are generally characterized by
moderate financial performance and operational capabilities. They may require higher levels of
oversight and approvals from the central government for key investment decisions.. They provide a
variety of goods and services, including banking, insurance, and tourism.
• Schedule ‘D’: CPSEs falling under Schedule D have comparatively weaker financial performance and
operational capabilities. These enterprises usually require central government for major decision-
making, including investments.

MoD & HAL sign Rs 458 crore contract for two Dornier Aircraft
On 7th July 2023, Ministry of Defence(MoD) signed a contract with Hindustan Aeronautics Limited (HAL) for
procurement of 2 Dornier Aircraft for Indian Coast Guard (ICG). The overall cost is Rs 458.87 crore along with
associated Engineering Support package.
• The aircraft will be procured under the Buy (Indian) Category in New Delhi, Delhi in line with
the Aatmanirbhar Bharat policy.
• The aircraft will be equipped with advanced equipments such as glass cockpit, maritime patrol
radar, electro-optical infrared device, mission management system, etc. which enhances the aerial
surveillance capability of maritime areas under the responsibility of the ICG.
Note: The Dornier aircraft are being indigenously manufactured at HAL (Transport Aircraft Division), Kanpur,
Uttar Pradesh under “Make in India” initiative.

Department of Telecommunications (DoT) Launches Bharat Internet Utsav

The Department of Telecommunications (DoT) under Ministry of Communication(MoC) in collaboration with
MyGov(Government of India’s citizen engagement platform), has launched the “Bharat Internet Utsav” to
celebrate the transformative role of the internet by encouraging citizens to share their stories of how the
internet has positively impacted their lives.
• To participate in this Utsav, citizens can share their videos of up to 2 minutes of various empowering
real-life stories on the transformation brought by Internet in the various aspects of their life on any
of the social media handles with #BharatInternetUtsav or upload in drive link, and the same link
can be submitted on MyGov at https://innovateindia.mygov.in/bharat-internet-utsav/.
• The contest shall be conducted on MYGOV from 07.07.2023 to 21.08.2023 and the best stories shall
be rewarded with prizes upto Rs 15,000.
• DoT is utilizing the Universal Service Obligation Fund (USOF) to provide affordable, reliable internet
access to citizens in remote and commercially unviable areas, ensuring widespread connectivity.

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AIM and Bayer launches Nationwide ATL Industry Visit for students
The Atal Innovation Mission (AIM) in collaboration with Bayer launched an industry visit initiative under Atal
Tinkering labs (ATL), at Bayer’s manufacturing facility in Vapi, Gujarat.
• The collaboration aims to introduce students to the latest manufacturing techniques and
technologies used in industry.
• Bayer has opened its manufacturing and production plants and research centers at Vapi(Gujarat),
Shamirpet(Hyderabad ), Chandippa(Telangana) and Bangalore for ATL students to experience how
technology, automation and innovation are leveraged by the industry.
• Bayer is a Life Science company operating in the areas of agriculture and healthcare. Bayer has
partnered with Niti Aayog since 2021 to support various initiatives of the AIM.
• Bayer has partnered with and extended support to 125 schools, located in seven states, through the
adoption of the Atal Tinkering Lab (ATL) initiative.
Note: Atal stands for AICTE Training And Learning Academy

INTERNATIONAL AFFAIRS
United Nations IMO adopts strategy to reduce GHG Emissions from Ships
On 7th July 2023, the United Nations(UN) International Maritime Organisation (IMO) adopted the 2023 IMO
Strategy at the Marine Environment Protection Committee (MEPC) on Reduction of Greenhouse gases (GHG)
Emissions from Ships, with enhanced targets to tackle harmful emissions.

• The revised IMO GHG Strategy aims to reach net-zero GHG emissions from international shipping
close to 2050.
• IMO has also established a goal to adopt technologies, fuels, and energy sources with zero
greenhouse gas (GHG) emissions, aiming for a minimum adoption rate of 5% and striving for for a
higher adoption rate of 10% by the year 2030.
MEPC’s 80th session was held at the IMO headquarters in London United Kingdom(UK) from July 3rd -7th of
2023.
Indicative checkpoints:
Maritime countries, including India have agreed on indicative checkpoints of reducing emissions by at least
20%, striving for 30%, by 2030 compared to 2008 levels and at least 70%, striving for 80%, by 2040, reaching
net-zero around 2050 depending on national circumstances.
Levels of ambition directing the 2023 IMO GHG Strategy:
i.carbon intensity of the ship to decline through further improvement of the energy efficiency for new ships
ii.The goal is for the carbon intensity of international shipping to decline, aiming to reduce CO2 emissions per
unit of transport work.
iii.uptake of zero or near-zero GHG emission technologies, fuels and/or energy sources to increase
iv.GHG emissions from international shipping to reach net zero

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About International Maritime Organisation (IMO):
Secretary-General- Kitack Lim
Headquarters- London, United Kingdom
Established- 1958

BANKING & FINANCE

RBI allows Card Network Portability from Oct 1, 2023
The Reserve Bank of India (RBI) has issued a ‘Draft Circular – Arrangements with Card Networks for issue of
Debit, Credit and Prepaid Cards’ empowering the debit, credit, and prepaid card users in India with Card
network portability w.e.f. October 1st, 2023.

• This means users can port their card network just like one can port switch/port mobile service
providers while retaining the same phone number.
• The Card network portability will keep their existing card accounts, balances, and credit history
intact.
• The RBI has invited opinions from various stakeholders for the same up to August 4, 2023.
This decision by RBI has been taken in exercise of its powers conferred under Section 18 read with Section
10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), by ensuring the interest of payment
system and public interest.
What is under the new arrangement?
i.Card issuers are prohibited from making arrangements or agreements with card networks that restrict their
ability to utilize the services of other card networks.
ii.Card issuers are required to issue cards on multiple card networks.
iii.Card issuers must offer eligible customers the choice to select any one of the multiple card networks.
Customers can exercise this option either during card issuance or at a later time.
The above requirements should be adhered by the Card issuers and card networks during existing agreements
at the time of amendment or renewal thereof, and fresh agreements executed from the date of this circular.
Key Points:
i.The Authorised card networks in India are American Express Banking Corp., Diners Club International Ltd.,
MasterCard Asia/ Pacific Pte. Ltd., National Payments Corporation of India – Rupay, and Visa Worldwide
Pte. Limited.
ii.The RBI proposal will make it safer and easier for consumers to access, use and manage credit
iii.This proposed regulation will enhance flexibility and competition in the credit card market, thus, stimulate
innovation and drive improvements across the industry.
iv.According to RBI data, credit card outstanding has soared to Rs 2 lakh crore, a rise of 29.7% on a year-on-
year (yo-y) basis.
• Banks have issued 8.65 crore credit cards, as of April 2023.
• Monthly credit payments are now over Rs one lakh crore every month, with card payments touching
Rs 1.32 lakh crore in the month of April 2023.

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What is the current scenario?
Debit or credit cards have always featured the logos of Visa, Mastercard, Diners Club, or RuPay. However,
individuals have had no control over which card network provider they could choose. This is because the bank
has been choosing the card network provider. But this new mandate by RBI will alter this situation.
Recent Related News:
i.According to RBI Monetary Policy Report (April 2023), credit growth continued to outpace deposit growth in
financial year 2022-23 (FY23) at an eleven-year high, despite banks fully transmitting lending rates linked to
external benchmarks [250 basis points (bps)], which now account for nearly half of floating-rate loans.
ii.RBI has granted a non-banking financial company (NBFC) licence to the Neobanking platform Jupiter
enabling the latter to scale up its lending business.
About Reserve Bank of India (RBI):
i. It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to
Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by
the Government of India.
iv.Thus, 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national
institution.

Bajaj Allianz General Insurance sets Guinness World Records title at the first-ever General
Insurance Festival of India
On 3rd July 2023, Bajaj Allianz General Insurance Company (BAGIC), one of the leading private general insurers
of India, hosted the first-ever General Insurance Festival of India (GIFI) in Pune, Maharashtra, which officially
set a new Guinness World Records achievements for the largest attendance for an insurance conference.

There was a record turnout of 5235 attendees who contributed to creating history in the insurance
industry worldwide. This record-breaking achievement was announced at the main event of GIFI.
As a part of GIFI, Bajaj has established the GIFI Awards in India to recognise the top-ranked health and general
insurance advisors across the insurance industry.
Highlights:
i. GIFI started with the idea of creating a platform that brings together the best in the general insurance
industry and celebrates the industry’s contribution towards society’s well-being.
ii. The event included a remarkable performance by the comedian Sunil Grover and a musical performance by
the music composer Pritam among other spectacular performances.
iii. The event had various attractions like an automobile zone featuring manufacturers like Porsche, McLaren
Automotive, and Lamborghini.
Key People:
The event was graced by Sanjiv Bajaj, Chairman and Managing Director (CMD), Bajaj Finserv; Charu Kaushal –
Chief Executive Officer (CEO), Allianz Partners India and other eminent industry representatives.

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GIFI Awards announced the top-ranked health and general insurance advisors across the insurance
industry
During GIFI, Bajaj Allianz General Insurance announced the winners and runners of the health and general
insurance advisors across the insurance industry.
• Based on a strict assessment process conducted by an independent process reviewer and a third-
party panel of judges, the company announced and honoured winners and runners-up for each
category at the GIFI.
• The judging panel for the GIFI Awards are Dr. S Prakash, MD of Star Health Insurance, Alice G
Vaidyan, former chairman and MD of General Insurance Corporation of India, and Nilesh Sathe,
Former Member of IRDAI.
Winners and Runners-up of the GIFI awards:
S.No Category Winner Runner

Best Health Insurance Advisor Mayank Chander Kothari Shakeel Ahmed (Mumbai,
1 of India (Ahmedabad, Gujarat) Maharashtra)

Best Motor Insurance Advisor Shiv Kumar Gupta (Varanasi, Uttar

2 in India Pradesh) Gaurav Sharma (Delhi)

Best Property Insurance Priyadarshini Sheshadri (Bengaluru, Bipin Kumar Patel (Mehsana,
3 Advisor in India Karnataka) Gujarat)

Best Multiline Insurance Prashant Shah (Mumbai,

4 Advisor in India Maharashtra) Charu Bharti (Delhi)

Best Woman Insurance Advisor Priti Sameer Shah (Mumbai,

5 in India Maharashtra) Karishma Chhabra (Delhi)

AWARDS & RECOGNITIONS

4 Indian Origin Women features on Forbes’ America’s Richest Self-Made Women 2023
4 Indian Americans, Jayshree Ullal, President and Chief Executive Officer (CEO) of Arista Networks, Neerja
Sethi, co-Founder of Syntel, Neha Narkhede, co-founder of Confluent, and Indra Nooyi, former chair and CEO of
PepsiCo, were featured on the 2023 America’s Richest Self-Made Women, 9th edition of Forbes’ annual ranking
of the United States of America (USA)’s most successful women entrepreneurs, executives and entertainers.

• Jayshree Ullal is ranked 15th with net worth of USD 2.2 billion, Neerja Sethi, is ranked 25th with net
worth of USD 990 million, Neha Narkhede is ranked 50th with net worth of USD 520 million and
Indra Nooyi is ranked 77th with net worth of USD 350 million
• The combined net worth of these 4 women stands at USD 4.06 Billion.

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The list is topped by Diane Hendricks, Chairman and founder of ABC Supply Co., Inc. (ABC), for the 6th
consecutive year, with net worth of USD 15 billion.
Diane is followed by Judy Love and Family, Chairman And CEO, Love’s Travel Stops And Country Stores, with
USD 10.2 billion and Judy Faulkner, Founder and CEO of Epic Systems with USD 7.4 billion.
Four Women of Indian Origin:
JayshreeUllal:
i. She has been president and Chief Executive Officer (CEO) of the publicly-traded networking company, Arista
Networks since 2008 and owns about 2.4%, which recorded revenue of nearly USD 4.4 billion in 2022.
ii. She is also on the board of directors of Snowflake, a cloud computing company that went public in September
2020.
NeerjaSethi:
i. She co-founded Information Technology (IT) consulting and outsourcing firm Syntel with her husband Bharat
Desai in 1980 in their apartment in Troy, Michigan (USA).
ii. In 2018, they sold it to French IT firm Atos SE for USD 3.4 billion.
Neha Narkhede:
i. In 2014, she co-founded left to found Confluent along with her two LinkedIn colleagues, which helps
organisations process large amounts of data on Apache Kafka.
ii. The USD 586 million (2022 revenues) company went public in June 2021 at a USD 9.1 billion valuation; She
owns around 6%.
iii. In March 2023, she announced her new company, fraud detection firm Oscilar, where she is the co-founder
and CEO.
IndraNooyi:
i. She retired as PepsiCo’s CEO in 2018 and as chair in 2019, after 24 years with the company.
ii. She joined the board of Amazon in 2019 and grew up in India. She joined scandal-plagued Deutsche Bank’s
new Global Advisory Board in November 2022.
Key Highlights:
i. Shonda Rhimes, American Television Producer and Daphne Koller, CEO, Insitro, whose firm is using AI to
develop drugs more quickly, are among the 8 newcomers.
ii. Forbes valued individual assets including stakes in public companies using stock prices from May 12, 2023 to
compile net worths.
iii. Forbes valued private companies by consulting with outside experts and conservatively comparing them
with public companies.
Forbes World’s Most Influential CMOs List 2023: Sumit Virmani of Infosys ranked 41
Sumit Virmani, chief marketing officer (CMO) of Infosys (India) is ranked 41st on the The Forbes World’s Most
Influential CMOs List 2023, which recognises the 50 Most Influential CMOs in the World.
• The 2023 list was announced on 6th July 2023 at a special luncheon at the Carlton Hotel in Cannes,
France.
• The list is topped by William White, CMO of Walmart (United States of America) and is followed by
Marcel Marcondes, Global CMO of Anheuser-Busch InBev (Belgium) in the 2nd and Conny Braams,
Chief Digital and Commercial Officer of Unilever (England) in the 3rd.
About Sumit Virmani:
i. He joined Infosys in 2004, and took the roles of Executive Vice President (EVP) and Global Chief Marketing
Officer in 2019.
ii. He is now overseeing market research, business alliances and development, direct marketing, and market
strategy.
iii. At the beginning of 2022, Infosys was named the fastest growing IT Services brand in the world.
iv. At the end of March 2023, Infosys reported quarterly revenue growth of over 6% Year on Year.
Key Highlights:
i. Indian origin Asmita Dubey, Chief Digital & Marketing Officer, L’Oreal is at 21 on the list.

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ii. Forbes Hall of Fame created in 2022 recognizes Morgan Flatley, Global CMO at McDonald’s, into the Forbes
CMO Hall of Fame 2023.
Note: She is the only one chief-marketer and had made the list 4 times previously and was thus the only CMO
eligible for inclusion in the 2023 Hall of Fame class.
About Forbes:
Forbes is a media and publishing company.
Founded in- 1917
CEO- Mike Federle
Headquarters- Jersey City, New Jersey, the United States of America (USA)

NLC India Ltd as been declared the Winner of the GeM Award for 2023
NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, as been declared the Winner of the
Government e-Marketplace (GeM) award for the year 2023 in “Timely Payments (CPSEs)” category for
promoting and encouraging business activities through e-Market.
• K Mohan Reddy, Director (Planning and Projects), received the award on behalf of NLCIL from
Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution &
Textiles.
i.NLCIL registered and on-boarded in GeM portal in the year 2017.
ii.It’s growth in GeM procurement started at Rs 2.21 crore during the year 2018-19 and the company has now
registered an impressive growth of Rs 984.93 crore during the year 2022-23.
Note: GeM is dedicated e-Market service platform, a National public procurement portal, for selling and buying
of different goods and Services.

APPOINTMENTS & RESIGNATIONS

Shavkat Mirziyoyev Re-Elected as President of Uzbekistan for 7 years term
On 9th July 2023, the incumbent Uzbek President Shavkat Mirziyoyev has been re-elected with 87.1 % of the
vote for 7 years term according to preliminary results released by the Central Election Committee(CEC) of the
Republic of Uzbekistan. He is a member of the UzLiDeP (Uzbekistan Liberal Democratic Party).

• On 30th April 2023, the Uzbek President called for snap election on which Uzbek citizens voted on
constitutional amendments through a referendum which reset his term count and extended the
presidential term to seven years from five.
• More than 15 million voters participated in the election, which comprises 79% of the voters.
Other presidential candidates:
Ulugbek Inoyatov(4.02%) from the People’s Democratic Party of Uzbekistan, Robakhon Makhmudova(4.43%)
from the Social Democratic Party of Uzbekistan “Adolat” and Abdushukur Khamzayev (3.74%) from the
Ecological Party of Uzbekistan.

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About Shavkat Mirziyoyev:
i.In 2003, Mirziyoyev served as prime minister under his predecessor Islam Karimov (the first post-
independence president of Uzbekistan) and he was subsequently reappointed to the position three times, in
2005, 2010, and 2015.
ii.He was elected as president in 2016 following the death of Islam Karimov and again in the year 2021 for the
2nd term.
About Uzbekistan:
Prime Minister- Abdulla Nigmatovich Aripov
Currency- Som
Capital- Tashkent

Microsoft India President Anant Maheshwari resigns, Irina Ghose becomes MD

Microsoft India promoted Irina Ghose as its Managing Director (MD), while Anant Maheshwari stepped down
from his position as Microsoft India President.
• As part of the executive reshuffle, Navtez Singh Bal has been appointed as the new Chief Operating
Officer (COO). He was earlier heading the Government, Public Sector and Education Business for
Microsoft in India which is now taken care of by Venkat Krishnan.
About Irina Ghose:
i. The then COO of Microsoft India, Irina Ghose who was associated with the firm for more than 2 decades,
focused on the end-to-end operations, go-to-market strategies and drove one of the largest world-class sales
enablement programs.
ii. In 2010, she founded MyLittleBit, a philanthropic foundation that believes that everybody can contribute in
small parts to make a giant impact on the underprivileged.
iii. She is actively engaged with Microsoft for Startups, a Microsoft program that provides support, Azure
credits and free licences to selected Microsoft products to software entrepreneurs and startups.
About Anant Maheshwari:
i. AnantMaheshwari steps down as Microsoft India President after 7 years, who joined Microsoft in the year
2016.
ii. In the month of April 2023, he was appointed as the Chairperson of National Association of Software and
Service Companies(NASSCOM) for the period 2023-24. He also served on NASSCOM’s Executive council since
2017.
iii. He is India Advisory Committee member of U.S.-India Business Council (USIBC), National Council member of
Confederation of Indian Industry (CII), Ex Chairperson CII IT/ITeS committee and is a fellow of the Aspen
Global Leadership Institute.
About Microsoft (India):
Country Manager – Ashutosh Gupta
Headquarters – New Delhi, Delhi
Established in – 1990

SPORTS
World Archery Youth Championships 2023: India won 11 medals(6 Golds, 1 Silver, 4 Bronze)
The Indian Archery team won 11 medals (6 Golds, 1 Silver, 4 Bronze) and secured 2nd position in the medal
tally of the Limerick 2023 World Archery Youth Championships held in Limerick, Ireland from 3rd July-9th July
2023.
• South Korea topped the medal tally with 10 medals (6 Gold and 4 Silver).

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World Archery Youth Championships 2023:
i.The World Archery Youth Championships 2023 witnessed the participation of 518 archers (277 men and 241
women) from 58 countries competing for medals in individual and team events in the Under-21(U21) and
Under-18(U18) age categories.
• Team India represented by 12 archers each in the U21 and U18 age groups.
ii.India’s U21 archery squad led by compound archers Prathamesh Jawkar and Pragati and India’s U18 archery
squad led by 17-year-old women’s compound archer Aditi Gopichand Swami.
iii.World Archery Youth Championships 2023 medals were designed and minted by the Monnaie de Paris.
Indian medal winners in U21 Event:
Archer Event Medal
Priyansh Compound men’s individual Gold
Parth Salunkhe Recurve men’s individual Gold
Avneet Kaur and Priyansh Compound mixed team Gold
Avneet Kaur, Parneet Kaur and Pragati Compound women’s team Gold
Parth Salunkhe and Ridhi Recurve mixed team Bronze
Bhajan Kaur Recurve women’s individual Bronze
Indian medal winners in U18 Event:
Archer Event Medal
Aishwarya Sharma, Aditi Gopichand Swami and Ekta Rani Compound women’s team Gold
Aditi Gopichand Swami Compound women individual Gold
Manav Ganeshrao Jadhao, Pawan Gat and Ganesh Mani Ratnam Compound men’s team Silver
Aishwarya Sharma and Manav Ganeshrao Jadhao Compound mixed team Bronze
Ujjwal Dhama, Goldi Mishra and Agastay Singh Recurve men’s team Bronze
Parth Salunkhe becomes 1st Indian male archer to win Gold in Youth World Championship (recurve
category)
i.The 19-year old Parth Salunkhe from Maharashtra becomes the 1st Indian male archer to win a gold medal
in Recurve men’s individual by defeating South Korea’s Song Injun.
• He also won a Bronze medal in the Recurve mixed team along with Ridhi.
ii.Youth World Champion: Parth Salunkhe is the first male archer (recurve category) and sixth Indian archer
to become Youth World Champion.
• Previously in women’s recurve section, Deepika Kumari had become cadet and youth world
champion in 2009 and 2011, while Komalika Bari won the cadet and youth world champion in 2019
and 2021.

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 • Aditi Gopichand Swami won the gold medal in Compound women individual event and Priyansh
won the gold medal in Compound men’s individual event in World Archery Youth Championships
2023 are the other youth world champions from India.
About World Archery Youth Championships:
The World Archery Youth Championships occurs every alternate year and the first edition was held in 1991.
Note: Indian team topped the medal tally by winning 15 Medals(including 8 Gold) in World Archery Youth
Championships 2021 in Wroclaw, Poland.
About World Archery:
President – Dr Ugur Erdener
Established – 1931
Headquarters – Lausanne, Switzerland

OBITUARY
Spain’s only Ballon d’Or winner Luis Suarez passed away at 88
Former Spanish footballer Luis Suarez Miramontes, The Ballon d’Or winner passed away at the age of 88 in
Milan, Italy.He was the only spanish-born men’s footballer to receive the Ballon d’Or award (1960) as of July
2023.

• Luis Suárez Miramontes is often referred to as the “Golden Galician” and nicknamed as “The
Architect”.
About Luis Suarez:
i.Luis Suarez was born in La Coruna, Spain in 1935 and began his career as footballer at Deportivo La Coruna
football club.
ii.He represented Barcelona team for 253 games scoring 141 goals from 1954 to 1961 and was the part
of winning two Liga titles (1958-59 and 1959-60), two Spanish Cups (1956-57 and 1958-59), and two Fairs
Cups (1957-58 and 1959-60) .
iii.He played for Italian football club Inter Milan from 1961 to 1969, winning three Serie A titles, two European
Cups and two Intercontinental Cups during his stay in Milan.
iv.He represented the Spanish national team for 32 games between 1957 and 1972, including winning the
European Cup in 1964.
v.He also coached the Spanish National Team (La Roja) at the 1990 world cup in Italy.
Note:
Alexia Putellas of Spain won the women’s Ballon d’Or twice in 2021 and 2022.
About Ballon d’Or Award:
The Ballon d’Or is annually presented by the France Football magazine to the world’s best footballer for their
performances over the previous year , since 1956.

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 IMPORTANT DAYS
World Population Day 2023 – July 11
The United Nations (UN)’s World Population Day is annually observed across the globe on 11th July to focus
attention on the urgency and importance of population issues and to enhance awareness of population issues,
including their relations to the environment and development.

The 2023 theme of World Population Day is “Unleashing the power of gender equality: Uplifting the
voices of women and girls to unlock our world’s infinite possibilities“.
Background:
i. In 1989, the then-Governing Council of the United Nations Development Programme (UNDP) established
World Population Day, an outgrowth of the interest generated by the “Day of 5 Billion“, which was observed
on 11 July 1987.
ii. In December 1990, the United Nations General Assembly (UNGA) adopted the
resolution A/RES/45/216 and decided to continue observing “World Population Day“.
iii. World Population Day was first observed on 11th July 1990 across the globe in more than 90 countries.
About Global Population:
According to the future population projection by the UN, 7 billion mark was one of the noted milestone
observations and it’s expected to grow to around 8.5 billion in 2030, 9.7 billion in 2050, and 10.9 billion in
2100.
Population, a Global Issue:
i. The dramatic growth of the world’s population has been driven largely by increasing numbers of people
surviving to reproductive age, and has been accompanied by major changes in fertility rates, increasing
urbanization and accelerating migration.
ii. The UN’s system has been involved in addressing these complex and interrelated issues, through the work of
the UN Population Fund (UNFPA) and the UN Population Division of the Department of Economic and Social
Affairs.
Significance:
i. The 2023 theme highlights the unique opportunity for advocacy of causes like gender equality, women’s
empowerment and their role in the shaping of a better world.
ii. Women and Girls make up 49.7% of the global population, so advancing gender equality is a must to create a
more just, resilient and sustainable world.
iii. The creativity, ingenuity, resources and power of women and girls are fundamental to addressing
demographic and other challenges that threaten our future, including climate change and conflict.
iv. The UNFPA’s 2023 State of World Populationreport illustrates that, on 15th November 2022, the world’s
population surpassed 8 billion people.
v. The report also showed ways to combat population alarmism and safeguard reproductive rights and choices
for our Future.

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Highlights:
As per the UNFPA report:
i. More than 40% of women around the world cannot make decisions on sexual and reproductive health and
reproductive rights.
ii. A woman dies every 2 minutes due to pregnancy or childbirth.
iii. As few as 1 in 4 women across low- and middle income countries (LMIC) are realizing their desired fertility.
iv. More than two thirds of the 800 million people globally who cannot read are women.
About United Nations Population Fund (UNFPA):
UNFPA is the United Nations sexual and reproductive health agency and it aims to deliver a world where every
pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled.
Started Operations- 1969
Executive Director- Dr. Natalia Kanem
Headquarters- New York, the United States of America (USA)
Motto: “Ensuring rights and choices for all”

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Quizzes.

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Affairscloud: As some of the major news sites doesn't provide the
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ensure nothing is missed.
Example: In 'Important Days' topics the International
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