ai4bharat/Pralekha huggingface dataset:
National Financial Reporting Authority
NFRA issues Audit Quality Review Report of the Statutory Audit for FY 2017-18 of IL&FS Financial Services Limited
The National Financial Reporting Authority  has issued the Audit Quality Review Report  of the Statutory Audit for the year 2017-18 of IL&FS Financial Services Limited . The statutory auditor for this engagement was BSR & Associates LLP .
The AQR was conducted pursuant to Section 132 of the Companies Act, 2013, and NFRA Rules, 2018, which require the NFRA to, inter-alia, monitor and enforce the compliance with accounting standards and auditing standards.
NFRA has concluded in this AQRR that the appointment of BSR as the statutory auditors of IFIN was ab initio illegal and void. The instances of failure to comply with the requirements of the Standards of Auditing  by BSR are significant and BSR did not have adequate justification for issuing the Audit Report asserting that the audit was conducted in accordance with SAs. The failure to comply deals with Material Misstatements of major magnitude and fundamental importance, Going Concern assumption by the management, the complete absence of the required communication with Those Charged With Governance, determination of Materiality amounts on the basis of non-relevant factors, etc. Further, NFRA found that the IT processes/platform used by BSR have deficiencies that are systemic and structural in nature.
Separately, NFRA will examine whether disciplinary proceedings under Section 132 of the Companies Act, 2013 needs to be initiated in connection with the AQRR.
The AQRR is available at https://nfra.gov.in/
Ministry of Commerce & Industry
Commerce Ministry organises Workshop on Development of Enterprises and Services Hub  Bill 2022 with stakeholders
A Workshop on Development of Enterprises and Services Hub  Bill, 2022 was organized by Department of Commerce today in Vanijya Bhawan, New Delhi under the Chairmanship of Shri BVR Subrahmanyam, IAS, Commerce Secretary to have discussion on the DESH Bill with stakeholders from various segments.
The workshop was organised in partnership with Export Promotion Council for EOUs and SEZs  and was attended by approx 200 participants representing various segments including SEZ Units, Developers and Government functionaries of many State Governments as well as Central Government Departments as well as prominent industry associations. Various aspects of the Bill was discussed and views on the same from stakeholders were shared.
After the inaugural keynote address by the Commerce Secretary wherein he noted that the draft DESH Bill was borne out of the learnings from the operations of SEZ law over more than a decade as well as from feedback from the stakeholders. This was followed by a presentation providing a brief overview on the draft DESH Bill. The presentation highlighted the salient features of the new law including the broad-basing of objectives, strengthened single window mechanism, a robust and dynamic regulatory structure, revamped fiscal framework as well as avenues for alternate dispute resolution measures.
Thereafter, four interactive brainstorming sessions across groups of Industry, Developers, Academics / Professionals and Government stakeholders were organized wherein concerns and suggestions in respect of draft DESH Bill, 2022 flagged by stakeholders have been noted by the officials of Department of Commerce.
The stakeholders expressed wide appreciation of the proposed framework of DESH Bill and acknowledged that the draft law addresses most of the long pending requirements of the stakeholders including integration with domestic market as well as measures to ease compliance and simplification of procedures. The stakeholders also made several suggestions to further improve on the draft law including the rules to be framed thereunder.
Thereafter, the Additional Secretary, Department of Commerce provided a summary of the discussions during the interactive sessions which was followed by concluding remarks by the Commerce Secretary. The meeting ended with vote of thanks to all stakeholders.
Prime Minister's Office
Prime Minister's meeting with President of the United States of America
Prime Minister Shri Narendra Modi had a warm and productive meeting with H.E. Mr. Joseph R. Biden, President of the United States of America, on 24 May 2022, in Tokyo. The meeting resulted in substantive outcomes which will add depth and momentum to the bilateral partnership.
The meeting marks a continuation of the regular high-level dialogue between the two Leaders who met in-person in September 2021 in Washington D.C and interacted at the G20 and COP26 Summits thereafter. Most recently they had a virtual interaction on 11 April 2022.
The India-US Comprehensive Strategic Global Partnership is underpinned by a shared commitment to democratic values, rule of law, and a commitment to uphold a rules based international order. The Leaders expressed happiness with progress made across sectors in the bilateral agenda.
The two Leaders welcomed the signing of the Investment Incentive Agreement which enables the US Development Finance Corporation to continue providing investment support in India in sectors of shared priority such as healthcare, renewable energy, SMEs, infrastructure etc.
Both sides launched an India-U.S. Initiative on Critical and Emerging Technologies  to facilitate outcome-oriented cooperation. Co-led by the National Security Council Secretariat in India and the U.S. National Security Council, iCET would forge closer linkages between government, academia and industry of the two countries in areas such as AI, quantum computing, 5G/6G, biotech, space and semiconductors.
Noting that defence and security cooperation is a crucial pillar of the India-US bilateral agenda, both sides discussed how they can further strengthen collaboration. In this context Prime Minister invited the US industry to partner with India to manufacture in India under the Make in India and Aatma Nirbhar Bharat or self-reliant India programmes which can be of mutual benefit to both countries.
Taking forward their growing collaboration in the health sector, India and USA extended the longstanding Vaccine Action Programme  until 2027 to continue joint biomedical research which had resulted in development of vaccines and related technologies.
To bolster the strong people to people linkages between the two countries, Prime Minister called for strengthening higher education collaborations which can be of mutual benefit.
The Leaders exchanged views on regional issues of mutual interest including South Asia and in the Indo-Pacific region, reaffirming their shared vision for a free, open and inclusive Indo-Pacific region.
Prime Minister welcomed the launch of Indo-Pacific Economic Framework for Prosperity  and stated that India is ready to work closely with all partner countries to shape a flexible, and inclusive IPEF taking into consideration the respective national circumstances.
The Leaders agreed to continue their useful dialogue and pursue their shared vision of taking the India-US partnership to a higher level.
President's Secretariat
Envoys of five nations present credentials to President of India
Ambassadors of Israel, Mali, Belarus, Lao PDR and Niger presented their credentials to the President of India, Shri Ram Nath Kovind, at a ceremony held at Rashtrapati Bhavan today .
The envoys who presented their credentials were: -
1. Dr Ron Malka, Ambassador of Israel
2. Mr Sekou Kasse, Ambassador of the Republic of Mali
3. Mr Andrei Rzheussky, Ambassador of the Republic of Belarus
4. Mr Bounneme Chouanghom, Ambassador of the Lao People’s Democratic Republic
5. Mr Leko Ado, Ambassador of the Republic of Niger
Ministry of Science & Technology
IICT collaborates with LAXAI Lifesciences to reduce dependency on China for APIs and Key Intermediates
Outbreak of Covid-19 has exposed the disproportionate reliance of the Indian Pharmaceutical Industry, third largest in the world by the volume of drugs produced, on the Chinese raw materials. With the delayed delivery and increased pricing pressure of these raw materials, Indian pharma sector is staring at supply shortages. Realizing that drug security and undisrupted access to essential medicines is critical for public health, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved a special package for promotion of Bulk drug manufacturing in India and reduction of our dependence on China.
In line with the actions being taken by the Industry and the Government of India, Indian Institute of Chemical Technology , a Hyderabad based constituent laboratory of Council of Scientific and Industrial Research , is collaborating with another Hyderabad based integrated pharmaceutical company LAXAI LifeSciences to jointly develop and manufacture Active Pharmaceutical Ingredients  and Intermediates to reduce the dependency of Indian Pharmaceutical sector on Chinese imports.
LAXAI Life Sciences Pvt. Ltd. was established in the year 2007, with a vision to accelerate the discovery chemistry campaign of global pharmaceutical companies. Today LAXAI has grown into an integrated pharma company with presence in API / formulation development as well as API manufacturing. LAXAI has access to USFDA/GMP manufacturing facilities through its subsidiary, Therapiva private limited.
IICT is working with LAXAI for synthesis of drugs being used in the fight against the Corona Virus. The collaboration will primarily focus on Umifenovir, Remdesivir and a key intermediate of Hydroxy Chloroquine . India, one of the largest producers of anti-malarial drug HCQ, has seen a spurt in demand in the recent weeks. India has sent HCQ to over 50 countries over the last few days, including the United States. The collaboration will result in a cost-effective process with minimal dependency on China for key raw materials. In addition, Remdesivir, which has been previously administered to Ebola virus patients, is currently under clinical trials to evaluate efficacy and safety against COVID -19.
The collaboration will use the know-how for commercial manufacturing of the products. LAXAI Life Sciences shall be one of the first few to commercialize these products. The manufacturing of these APIs and intermediates will be taken up at USFDA/GMP approved plants held by LAXAI through its subsidiary, Therapiva private limited.
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Prime Minister's Office
Telephone Conversation between Prime Minister and H.E. Mr. Jonas Gahr Støre, Prime Minister of Norway
Prime Minister Shri Narendra Modi had a telephone conversation today with H.E. Mr. Jonas Gahr Støre, Prime Minister of Norway.
The leaders discussed bilateral and international issues of mutual interest, including initiatives to mobilise climate finance for renewable energy projects in developing countries. PM Modi emphasized the importance of ensuring equitable, timely and adequate climate finance for the developing world, and appreciated H.E. Store’s commitment to this cause.
The two leaders reviewed various ongoing bilateral cooperation initiatives, including under the Task Force on Blue economy. They also expressed satisfaction at the increasing India-Norway collaboration in areas like green hydrogen, shipping, Science & Technology and education.
Ministry of Communications
Telecom Department convenes meeting with stakeholders to expedite approvals for quick rollout of Broadband across country
There should be no delay in grant of Right of Way permissions: Secretary , Shri K Rajaraman
Secretary  directs DoT field units to conduct monthly meetings with Service Providers to review application approval process and pendency
In order to expedite approvals for quick rollout of Broadband across the country, Department of Telecommunications , Ministry of Communications, Government of India, convened a meeting with State IT Secretaries and DoT officers from head office and Field Units. The meeting was chaired by Secretary , Shri K Rajaraman. Shri Hari Ranjan Rao, Additional Secretary , Shri Nizamul Haq, Director General  and other senior officers from Department of Telecommunications also attended the same.
During the meeting, Shri K. Rajaraman emphasised that there should be no delay in grant of Right of Way permissions as it can become a major impediment in growth of communication services. He stated that there is a direct correlation between low Broadband penetration and non alignment of ROW rules in the same State/LSA. The problem could be exacerbated in light of planned 5G rollout in near future.
Shri Rajaraman directed all DoT field units to conduct monthly meetings with Service Providers to review application approval process and pendency and also pursue with the State/Municipal authorities. Secretaries and Heads of Department of State Governments were also requested to facilitate speedy disposal of RoW applications in their respective States. State Broadband Committees were also requested for their intervention for alignment of the state policy with Central RoW Rule-2016.
Department of Telecom has taken various initiatives for ease of doing business and to increase the penetration of Broadband Internet to ease the lives of citizens by coming out with new policies like National Digital Communication Policy  and implementation of the National Broadband Mission which is expected to catapult India to the next phase of Digital revolution thereby enabling inclusive participation of all citizens to create a truly digital society. Outcomes of National Broadband Mission envisages fulfilling the vision of “Broadband for All’ and fulfill the goals of the NDCP 2018, Digital India Programme and ‘Aatmanirbhar Bharat’.
For quick rollout of Broadband across the country it is necessary that the Telecom and Infrastructure companies are able to lay optical fibre cables and install new Towers; which is possible only if State Governments and Local Bodies provide necessary Right of Way approvals promptly.
Accordingly, emphasizing the importance of broadband connectivity throughout the nation, Department of Telecom has decided to review the status of grant of such approvals at regular intervals with participation of COAI, DIPA etc. and has appealed to State Governments to expedite RoW Application Approval Process in accordance with the provisions of the Indian Telegraph Right of Way Rules, 2016.
Ministry of Earth Sciences
South West Monsoon likely to revive over South Peninsula from 8th July
As per the weather bulletin issued by India Meteorological Department today, based on latest numerical weather prediction model guidance, the southwest monsoon is likely to revive gradually over south peninsula including West coast and adjoining east central India from 08th of this month.
A low pressure area is likely to form over West central and adjoining Northwest Bay of Bengal off north Andhra Pradesh-south Odisha coasts around 11thJuly.
The moist easterly winds in lower level from Bay of Bengal are likely to establish gradually overparts of eastern India from 08th July onwards. It is likely to spread into northwest India coveringPunjabandnorthHaryanaby 10th July.
Accordingly, southwest monsoon is likely to advance over remaining parts of West Uttar Pradesh,some more parts of Punjab, Haryana, Rajasthan and Delhi. The above weather system is very likely to cause increased rainfall activity over northwest ¢ral India from10thJuly.
For details of forecast and warning refer:https://mausam.imd.gov.in/imd_latest/contents/all_india_forcast_bulletin.php
SS/RKP
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Prime Minister's Office
PM inaugurates Whitefield  to Krishnarajapura Metro Line of Bangalore Metro
Takes Metro ride
The Prime Minister, Shri Narendra Modi inaugurated the Whitefield  to Krishnarajapura Metro Line of Bangalore Metro today. He also took a ride in the newly inaugurated metro.
The Prime Minister's Office tweeted:
“PM Narendra Modi is on board the Bengaluru Metro, interacting with people from different walks of life.”
Upon arriving at Whitefield  Metro Station, the Prime Minister first purchased a ticket at the ticket counter and then took a walkthrough of the exhibition put up on the occasion. The Prime Minister then unveiled the plaque to mark the inauguration of the White Field Metro Line and proceeded towards the platform to board the Metro. During his journey, he interacted with the workers and staff of Bangalore Metro.
The Prime Minister was accompanied by the Governor of Karnataka, Shri Thawar Chand Gehlot and the Chief Minister of Karnataka, Shri Basvaraj Bommai.
Background
The Prime Minister has had a special focus on the development of world-class urban mobility infrastructure across the country. In line with this, the 13.71 km stretch from Whitefield  Metro to Krishnarajapura Metro Line of Reach-1 extension project under Bangalore Metro Phase 2 was inaugurated by the Prime Minister at Whitefield  Metro Station. Built at a cost of around Rs 4250 crores, the inauguration of this metro line will provide a clean, safe, rapid and comfortable travel facility to commuters in Bengaluru, enhancing the ease of mobility and reducing traffic congestion in the city.
Ministry of Defence
Induction of Rafale In Indian Air Force
The first five Indian Air Force  Rafale aircraft have arrived at Air Force Station, Ambala. The aircraft got airborne from Dassault Aviation Facility, Merignac, France on the morning of 27 Jul 20 and reached India this afternoon with a planned stopover en-route at Al Dhafra airbase in the UAE.
The ferry was planned in two stages and was undertaken by IAF pilots. The aircraft covered a distance of nearly 8500 km from France to India. First stage of the flight covered a distance of 5800 km in seven and a half hours. French Air Force  Tanker provided dedicated Air-to-Air Refuelling support during the flight. The second stage of the flight covering over 2700 km was carried out with Air-to-Air Refuelling by IAF Tanker. IAF deeply appreciates the proactive support provided by the French Government and Industry in France to ensure timely delivery. The tanker support extended by French Air Force during the ferry was crucial in ensuring that the long haul flight was accomplished successfully and in a time bound manner.
The aircraft will be a part of 17 Squadron, the “Golden Arrows”, which was resurrected on 10 Sep 19. The Squadron was originally raised at Air Force Station, Ambala on 01 Oct 1951. 17 Squadron has many firsts to its credit; in 1955 it was equipped with first jet fighter, the legendary De Havilland Vampire. In Aug 1957, the Squadron became the first to convert on to a swept wing fighter, the Hawker Hunter.
A formal induction ceremony of Rafale aircraft in 17 Squadron is scheduled to be held in the second half of Aug 2020. Details of the ceremony will be intimated in due course.
Ministry of Fisheries, Animal Husbandry & Dairying
Special Drive against Lumpy Skin Disease
Department is taking all necessary steps to support States / UTs to control and contain the disease, which include, financial and technical support. Central teams also visited the affected States / UTs and physical and virtual meetings have been conducted to sensitize the Sates / UTs’ authorities. Guidelines/advisories for control of LSD including vaccination and treatment have been circulated to the States / UTs for implementation to control and contain the disease within a definite timeline.
As gathered from Indian Council of Agricultural Research , ICAR institutes  has developed a homologous live-attenuated vaccine . The vaccine technology has been transferred through M/s. Agrinnovate India Limited to two firms, viz. M/s. Biovet Private Limited, Bengaluru and M/s. Indian Immunologicals Limited, Hyderabad.
This information was given by Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying in a written reply in Rajya Sabha today.
Ministry of Finance
8.20% PLI GOI SPL SECURITY 2023
PRESS COMMUNIQUÉ
The outstanding balance of ‘8.20% PLI GOI SPL SECURITY 2023’ is repayable at par on March 28, 2023. No interest will accrue thereon from the said date. In the event of a holiday being declared on repayment day by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day.
As per sub-regulations 24 and 24 of Government Securities Regulations, 2007 payment of maturity, proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate, shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose of making payment in respect of the securities, the original subscriber or the subsequent holders of such Government Securities, shall submit the relevant particulars of their bank account well in advance.
However, in the absence of relevant particulars of bank account / mandate for receipt of funds through electronic means, to facilitate repayment of the loan on the due date, the holders may tender the securities, duly discharged, at the Public Debt Offices, Treasuries / Sub-Treasuries and branches of State Bank of India  for repayment.
Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.
Special Service and Features
Railway organise Horrors of Partition Remembrance Day Exhibition
An exhibition depicting the sufferings of Indian partition has been organised at Thiruvananthapuram Division's major railway stations as part of Horrors of Partition Remembrance Day.
The exhibition shows archived photographs and news clippings depicting the sufferings of Indian partition. Shri R Mukund, Divisional Railway Manager, Thiruvananthapuram Division inaugurated the exhibition at Thiruvananthapuram Central Station. Veteran freedom fighter Shri Padmanabha Pilla was chief guest of the inaugural function.
Passengers and general public can visit the Partition Horrors Remembrance Day Exhibition stalls organized at Kanniyakumari, Nagercoil Junction, Kollam Junction, Alappuzha, Kottayam, Ernakulam Town, and Thrissur railway stations. Azadi Ka Amrit Mahotsav Selfie Points have also been put up at major railway stations.
In his inaugural speech, Shri R Mukund said that this day reminds the nation of the sufferings and sacrifices of Indians during partition. The exhibition is held to educate the society, especially the younger generation about the importance of historical events. He also pointed out that one could visualize the significant role played by railways in uniting people with their kin during partition.
Shri Jerin G Anand, Senior Divisional Commercial Manager, Thiruvananthapuram Division, Shri Lipin Raj, Senior Divisional Personnel Officer, Thiruvananthapuram Division, and Shri Priyank Turkar, Station Director , Thiruvananthapuram Central also participated in the function.
-NS-
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