Piyush Goyal's Licensing Fee Reduction Initiative

Questions and Answers

Which organization launched a fund aimed at promoting digital infrastructure and innovation in India?

Google

WHO

What was the notable achievement of Jaspreet Bumrah in the 2024 ICC Men’s T20 World Cup?

He scored the most runs in the tournament.

He was awarded player of the tournament. (correct)

He captained the Indian team.

He took the highest number of catches.

Who won the Wimbledon Championships in the men's finals?

Novak Djokovic

Rafael Nadal

Carlos Alcaraz (correct)

Roger Federer

What technology is Google's Gemini processor expected to enhance?

AI performance Signup and view all the answers

In the one-off Test match against South Africa, which player scored a double century?

Shefali Verma Signup and view all the answers

Which nation emerged victorious in the European Championships by defeating England?

Spain Signup and view all the answers

Which initiative aims to track and manage medical devices globally?

MeDevIS Signup and view all the answers

What was the outcome of the women's Test match between India and South Africa?

India won by 10 wickets. Signup and view all the answers

What subject will the Indira Gandhi National Open University (IGNOU) introduce as a new Master's program in the 2024-2025 academic session?

Master of Arts in Bhagavad Gita Studies Signup and view all the answers

What is the main goal of the reduction in licensing fees for women entrepreneurs and MSMEs under PESO?

To balance industry compliance with public safety and increase participation Signup and view all the answers

What is the main objective of the $1.5 billion loan approved by the World Bank for India?

To facilitate low-carbon energy development Signup and view all the answers

Which of the following leadership roles has Aalia Neelum recently achieved?

First Woman Chief Justice of Lahore High Court Signup and view all the answers

What is the target demographic for the $60 million affordable housing loans provided by the Asian Development Bank (ADB)?

Women and low-income families Signup and view all the answers

Which significant event does World Zoonoses Day aim to raise awareness about?

Diseases that can spread from animals to humans Signup and view all the answers

In what area is India ranked 5th, indicating its growing significance?

Generative AI advancements Signup and view all the answers

Which initiative is set to launch on July 4, 2024, aimed at promoting inclusive growth in India?

Sampoornata Abhiyan Signup and view all the answers

What aspect of the Bhagavad Gita Studies program will be covered at IGNOU?

Philosophical, ethical, and spiritual aspects Signup and view all the answers

How does the Agricultural Landscape Understanding (ALU) Research API aim to assist farming practices?

By using satellite imagery and AI to enhance data-driven farming Signup and view all the answers

What does India's ranking of 72nd in the 2024 Artificial Intelligence Preparedness Index suggest?

The need for improvement in AI infrastructure and innovation Signup and view all the answers

What kind of market will the World Bank's loan promote in India?

Green hydrogen market Signup and view all the answers

Which prominent figure leads the Ministry of Finance in India?

Ms. Nirmala Sitharaman Signup and view all the answers

Which centre is NOT being established at Jawaharlal Nehru University?

Centre for Sikh Studies Signup and view all the answers

Which initiative focuses on beautification for the 46th World Heritage Committee Meeting?

Project PARI Signup and view all the answers

What major milestone has Prime Minister Narendra Modi recently achieved on social media platform X?

Most followed global leader with over 100 million followers Signup and view all the answers

Study Notes

National News

Piyush Goyal announced an 80% reduction in licensing fees for women entrepreneurs and 50% for MSMEs under PESO to enhance participation in the petroleum and explosives sectors.
Jawaharlal Nehru University is establishing three new centers: Centre for Hindu Studies, Centre for Buddhist Studies, and Centre for Jain Studies.
Prime Minister Narendra Modi reached over 100 million followers on social media platform X, becoming the most followed global leader.

International News

Ursula von der Leyen re-elected as President of the European Commission.
Justice Aalia Neelum sworn in as the first Woman Chief Justice of Lahore High Court.
World Zoonoses Day observed on July 6, aimed at raising awareness of diseases that can transfer from animals to humans.
Keir Starmer appointed as Prime Minister of the United Kingdom.
India ranked 5th in Generative AI.
India to host the second Asia Pacific Ministerial conference on Civil Aviation.
China developed the world’s first carbon fiber high-speed train.

IT News

Google introduced the Agricultural Landscape Understanding (ALU) Research API, leveraging satellite imagery and AI for efficient farming.
India ranks 72nd in the 2024 Artificial Intelligence Preparedness Index, indicating a need for enhanced AI infrastructure.
The Ministry of Statistics and Programme Implementation launched the e-Sankhyiki portal to improve data transparency in India.

Important Government Positions in India

Prime Minister: Narendra Modi
Home Minister: Amit Shah
Defence Minister: Raj Nath Singh
External Affairs Minister: Dr. Subrahmanyam Jaishankar
Finance Minister: Nirmala Sitharaman
Railway Minister: Ashwini Vaishnaw
Chief Justice of India: D.Y. Chandrachud
Lok Sabha Speaker: Om Birla

Cultural Initiatives

Project PARI initiated by the Ministry of Culture for the 46th World Heritage Committee Meeting to engage over 150 artists in beautifying public spaces.
NITI Aayog to launch 'Sampoornata Abhiyan' on July 4, 2024, promoting inclusive growth.
IGNOU introducing a Master of Arts course in Bhagavad Gita Studies for 2024-2025.

Economic Developments

The World Bank approved a $1.5 billion loan for India's low-carbon energy development, focusing on green hydrogen and renewable energy.
The Asian Development Bank partnered with Aadhar Housing Finance Limited to provide $60 million in housing loans targeting women.
SBI launched MSME SAHAJ, a quick online loan solution for small and medium enterprises.

Technology Updates

Google launched Gemini, a new processor to enhance device performance.
Microsoft faced outages due to a CrowdStrike software glitch affecting airlines and businesses.
Meta released Meta 3D Gen for creating hyper-realistic video games and movie effects.
The Digital Bharat Nidhi fund established by the Indian government to boost digital infrastructure.
WHO launched MeDevIS, a database for medical device tracking and management.
Google collaborating with Indian universities for AI research in healthcare, agriculture, and language processing.

Sports News

India triumphed in the 2024 ICC Men’s T20 World Cup, co-hosted by the West Indies and the USA, marking their second victory.
Jaspreet Bumrah named Player of the Tournament.
Indian Women defeated South Africa in a one-off Test, with Shefali Verma scoring a double century.
At the Wimbledon Championships, Carlos Alcaraz won the men’s singles title, while Barbora Krejčíková claimed the women’s singles title.
Spain won the European Championships, defeating England 2-1 in the final match.

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Description

Explore the recent announcement by Union Minister Piyush Goyal regarding significant reductions in licensing fees aimed at empowering women entrepreneurs and MSMEs in the petroleum and explosives sectors. This initiative seeks to encourage greater participation while ensuring compliance with safety regulations. Test your understanding of these developments and their implications for the industry.