| 1. | K.K. Venugopal has been given a three-month extension as attorney general. | |
| Hurun India Future Unicorn Index 2022 was published by Hurun Research Institute. | In the next two to four years, India will have 122 new unicorns, according to the Hurun India Future Unicorn Index 2022. Following are the three categories into which the index has divided businesses. Those companies created after 2000 and worth at least $1 billion that may become unicorns The most probable gazelles to turn into unicorns during the next two years are expected to be worth between $500 million and $1 billion. Cheetahs (start-ups that could go unicorn in the next four years) The winner of the Gazelles category is the five-year-old LogisticsTech business Shiprocket. Zepto, Turtlemint, Ather Energy, and Vivriti Capital are listed after Shiprocket. The category “Cheetahs” is led by Pepperfry. Juspay, a FinTech company established in Bengaluru, and Mswipe Technologies are its competitors. After the US and China, India has the third-largest startup ecosystem in the world. Bengaluru continues to remain India’s startup hub, home to 46 potential unicorns. Delhi NCR (25) and Mumbai come next (16). According to the study, Sequoia Venture Capital is the most active investor in India’s startup ecosystem. 43 percent of the Future Unicorn Index 2022 is made up of the sectors SaaS, FinTech, and e-commerce. | |
| 2. | On June 30, 2022, the Department for the Promotion of Industry and Internal Trade (DPIIT) published the Index of Eight Core Industries (ICI) for May 2022. | |
| Axis Bank and Airtel Payments Bank have cooperated. | As part of the cooperation, Airtel Payments Bank will assist Axis Bank with digitising last mile cash collection by utilising the reach of its digital-led neighbourhood banking concept. Through this collaboration, Axis Bank field representatives may deposit the EMI money they have collected at any Airtel Payments Bank location nearby for transfer to their Axis Bank accounts. Customers of Axis Bank will be able to deposit their EMI at one of the 5 lakh Airtel Payments Bank banking locations. The third-largest private sector bank in India is Axis Bank. Its main office is in Mumbai. Amitabh Chaudhary serves as its MD and CEO. | |
| 3. | Neeraj Chopra earned the silver medal at the Stockholm Diamond League competition. | |
| The Exchange-Traded Commodity Derivatives (ETCD) market now accepts participation from Foreign Portfolio Investors (FPIs), as permitted by SEBI. | All non-agricultural commodity derivatives and a few specific wide agricultural commodity derivatives will be available for trading by FPIs. They will initially be allowed only in contracts with a financial settlement. SEBI has already given institutional investors permission to engage in the ETCD market, including Category III Alternative Investment Funds (AIFs), Portfolio Management Services, and Mutual Funds. The current Eligible Foreign Entity (EFE) approach, which required genuine exposure to Indian physical commodities, has been withdrawn by SEBI. Now, any FPI can use the FPI method to invest in Indian commodity derivatives, whether or not they really have physical exposure to Indian commodities. Other than individuals, family offices, and corporate entities, FPI position restrictions will be equivalent to those already in effect for mutual fund schemes. A position limit of 20% of the client-level position limit will be allowed for FPIs affiliated with individuals, family offices, and corporations in a specific commodities derivatives contract. The establishment of the Limited Purpose Clearing Corporation (LPCC) for the purpose of clearing and settling corporate bond repo transactions has also received permission from the SEBI Board. | |
| 4. | The Asia Pacific Sustainability Index 2021 lists four Indian cities among the top 20 sustainable cities. | |
| A group of banks has helped Kutch Copper Ltd (KCL), a division of Adani Enterprises Ltd, raise $6,071 crore in debt. | State Bank of India is in charge of the banking consortium (SBI). Other consortium partners include Bank of Baroda, Canara Bank, EXIM Bank of India, Indian Bank, Punjab National Bank, and Bank of Maharashtra. A copper refinery project is being built by Kutch Copper Ltd. in two stages. The KCL Project’s Phase-1 at Mundra, Gujarat, has a total debt need of Rs 6,071 crore, and the consortium of banks has signed an agreement to that effect. | |
| 5. | Eknath Shinde was sworn in as Maharashtra’s Chief Minister. | |
| Indian Overseas Bank has been fined Rs 57.50 lakh by the RBI. | For failing to comply with its instructions on how to classify and report frauds by commercial banks and financial institutions, the RBI has levied a monetary fine. The Indian Overseas Bank’s financial status was the subject of a statutory investigation by the RBI, which discovered some violations of specific rules. | |
| 6. | June 30, 2022, will mark International Asteroid Day. | |
| The Cabinet Committee on Economic Affairs has authorised the liberalisation of the domestic crude oil market. | The sale of crude oil from all exploration and production firms’ fields on the domestic market is now permitted. Exports, however, will not be allowed. Royalties, cess, and other government fees will continue to be set consistently across all Contracts. The Union Cabinet has also accepted the classification of the Coalition for Disaster Resilient Infrastructure (CDRI) as an international organisation. | |
| 7. | July 1st is GST Day | |
| IG International’s carbon targets have been endorsed by the Science Based Targets project (SBTi). | IG International is a fresh fruit importer. Its near-term carbon commitments, the applied methodology and target setting against the Paris Climate Agreement has been assessed and validated by SBTi. Paris Climate Agreement is aimed at limiting global warming to 1.5 degrees Celsius. | |
| 8. | Nirmala Sitharaman, the finance minister, published a report evaluating the States and UTs based on how BRAP 2020 has been implemented. | |
| On June 29, 2022, the GST Council’s 47th meeting came to an end. | At its 47th meeting, the GST Council took four Group of Ministers’ suggestions into consideration (GoMs). These GoMs included rate rationalisation, the transport of precious stones and gold, system changes, and internet gambling, horse racing, and casinos. The 47th GST Council’s rate recommendations will all take effect on July 18, 2022. To address the issues brought up by the States about the formation of the GST Appellate Tribunal, the Council has resolved to create a Group of Ministers. For products not making any interstate taxable supplies, there is no longer a requirement for registration under the CGST Act for sales made through e-commerce operators below the threshold of Rs. 40 lakh in annual sales. This may go into effect in January 2023. The demand of several states for an extension of GST compensation was not decided at the meeting’s conclusion. | |
| 9. | Hyderabad’s Chief Minister K Chandrashekhar Rao opened the largest innovation centre in the world. | |
| 10. | According to the United Nations-Habitat World Cities Report 2022, India’s urban population will total 675 million by 2035. | |
| 11. | In New Delhi, Prime Minister Narendra Modi spoke at the Udyami Bharat Programme. | |
| 12. | Osmanabad is now Dharashiv, while Aurangabad is now Sambhajinagar. | |
| 13. | Sandeep Kumar Gupta will take over as GAIL’s new chairman. | |
| 14. | Ferdinand Marcos Jr. takes the Philippines’ 17th presidential oath of office. |
