July 11, 2021 Volume 1 Issue 1

NEWS & Modi government's revamped

FEATURES Cabinet

National Bulletin

Around the World

Tech Titbits Image courtesy: www.indiatoday.in

Prime Minister Narendra Modi on Tuesday expanded his cabinet to include 36

new ministers, taking the total strength of his council of ministers to 78. The

Sports Roundup exercise saw many heads roll while a select few saw an elevation. Among

those who were shunted out included Santosh Gangwar, D V Sadananda

Gowda, Ramesh Pokhriyal Nishank, Sanjay Dhotre, Debasree Chaudhuri, Babul

Supriyo, Dr Harsh Vardhan, Pratap Sarangi, Ratan Lal Kataria, Ravi Shankar

Prasad, Prakash Javadekar while Thawar Chand Gehlot was made Karnataka

Governor.
Infotainment

Economic Affairs

For Internal Circulation Only

 SAMPRAT
N a t i o n a l B u l l e t i n
Cabinet reshuffle: Former IAS officer Ashwini Vaishnaw is the new railways and IT

minister while Mansukh Mandaviya has been made the health

Meet Modi minister in the new Union Cabinet. Jyotiraditya Scindia will be

taking charge of the civil aviation ministry while Kiren Rijiju will

government's women be the new law minister. Anurag Thakur will hold charge of the IT

ministers
ministry and Dharmendra Pradhan will now hold charge of the

education ministry.

Union Finance Minister Nirmala Sitharaman continues to hold

additional charge of the Ministry of Corporate Affairs. Smriti

Irani has now been relieved of the Ministry of Textile and will

continue to remain Minister of Women and Child Development

(WCD). Apart from Sitharaman and Irani, BJP leaders Sadhvi

Niranjan Jyoti and Renuka Singh Saruta remained untouched by

the reshuffle. Jyoti is MoS in the Ministry of Consumer Affairs,

Food and Public Distribution, as well as the Ministry of Rural

Development. Saruta, meanwhile, is MOS in the Ministry of Tribal

Image courtesy: www.indiatoday.in Affairs. Click here to read more.

As of July 8, India has vaccinated 21.1% (29 crore 91 lakhs) of it’s

population with the First Dose while 5% (6 crore 69 lakhs) are

Fully vaccinated. This takes the vaccine tally to 33 crore 81 lakhs

Vaccine updates
which is nearly 27% of it’s population.

Around 59.7 crore population fall in the age group of 18 - 44

and 17 crore population are vaccinated. Above the age of 45+

60% of population are fully vaccinated. If reports are believe

India will face 3rd wave of COVID-19 between September to

October. To prevent the third wave of COVID-19 India has to

ramp up the vaccination between 18 - 44 age group.

Total vaccines administered till date is 36.2 crores. Fully

vaccinated population is 6.82 crores which makes 5% of the

total population.

51.6 crore vaccine doses would be made available by July 31.

Between August and December, 135 crore doses will be made

available: Covishield (50crore doses), COVAXIN (30 crore), Bio

E's subunit vaccine (30 crore), Sputnik V (10 crore), and Zydus

Cadila DNA vaccine (5 crore). Currently, only Covishield,

COVAXIN, and Sputnik V are approved for use in India. Click

here to read more. Image courtesy: www.ourworldindata.org

A r o u n d t h e W o r l d

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White House says
First patient receives complete US troops
controversial Biogen withdrawal from

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Alzheimer’s drug Afghanistan by end of
August
A U.S. hospital gave the first infusion of an The United States expects to finish

expensive, controversial new Alzheimer’s withdrawing its troops from Afghanistan by

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drug from Biogen Inc before Medicare had the end of August, officials said on July 2,

even said what it will pay for - and with after announcing all American and NATO

some doctors upset by its approval last soldiers had left the conflict-scarred

week. Mark Archambault, a 70-year-old nation's biggest air base. The government

realtor from Wakefield, Rhode Island, was flew hundreds of commandos into Qala-i-

the first patient treated with the drug, Naw, in the northwestern province of

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Aduhelm, outside of a clinical trial. His Badghis, the first provincial capital to face

infusion took place in Providence at Butler an all-out assault by the Taliban since the

Hospital's Memory and Aging Program. United States stepped up its troop

"We are opening a new era in treatment," withdrawal. There could be three

Brown University Medical School neurology scenarios: one, there could be a political

professor Dr. Stephen Salloway told settlement in which the Taliban and the

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Reuters. He said the Butler Hospital government agree to some power-sharing

program has around 100 patients likely to mechanism and jointly shape the future of

be good candidates for the drug, which is Afghanistan. As of now, this looks like a

given as a monthly intravenous infusion. remote possibility. Two, an all-out civil war

Aduhelm was approved based on may be possible, in which the government,

evidence that it can reduce brain plaques, economically backed and militarily trained

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a likely contributor to Alzheimer's, rather by the West, holds on to its positions in key

than proof that it slows progression of the cities and the Taliban expand its reach in

fatal mind-wasting disease. Click here to the countryside, while other ethnic militias

read more. fight for their fiefs. This is already

unfolding. A third scenario would be of the

Taliban taking over the country. CLick

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here to read more

Image courtesy: www.reuters.com

Image courtesy: www.thehindu.com
T e c h T i t b i t s

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Jeff Bezos steps down as Amazon CEO as retailer
starts new chapter
Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as

the company navigates the challenges of a world fighting to emerge from the coronavirus

A
pandemic. Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a

change the company announced in February. Bezos, Amazon's biggest shareholder with a

stake worth about $180 billion, will still hold sway over the company he started out of his

Seattle garage in 1995. He takes over the role of executive chair, with plans to focus on new

products and initiatives.

Jassy takes the helm of a $1.7 trillion company that benefited greatly from the pandemic,

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more than tripling its profits in the first quarter of 2021 and posting record

revenue as customers grew ever more dependent online shopping. At the

same time, Amazon faces activism from a restive workforce just as rapid

economic recovery causes a labor crunch that has retailers,

manufacturers and other companies competing for workers with

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higherwages and other benefits.

The company defeated an attempt by workers to unionize at an

Alabama warehouse earlier this year, but faces a more

formidable challenge as the International Brotherhood of

Teamsters launches a broader effort to unionize Amazon

workers. Click here to read more.

Image courtesy: www.kindpng.com

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Grubhub Partners With Yandex for Food Delivery on
US College Campuses via Robots
Yandex, a Russian tech startup, has tied up with US online delivery service Grubhub to deploy

robots for faster and cost-effective delivery of food on American college campuses. Their

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multi-year partnership will see Grubhub allowing its campus partners to use Yandex robots to

improve their on-site capabilities. Grubhub says the Yandex robots can handle delivery tasks

without human guidance, providing efficient automation for last-mile logistics scenarios. The

self-driving vehicles from Yandax called Rovers use technologies that allow them to navigate

areas otherwise not possible to reach by car.These robots can perform last-mile

deliveries on pre-mapped areas during daylight, night, average

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snow, and rain. They can use regulated and unregulated

crosswalks. As a rover nears the drop-off point, the diner

receives a push notification with the status update, and when

it arrives, they open the hatch via the app.

Dmitry Polishchuk, CEO of Yandex Self-Driving Group,

said they chose to partner with Grubhub because of its unparalleled reach into college

campuses as well as the flexibility and strength of the online platform. Click here to read

more

Image courtesy: www.gadgets.ndtv.com

 S p o r t s R o u n d u p

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Five-time world champion Viswanathan Anand is
now ranked 15th in the world.
Five-time world champion Viswanathan Anand will

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resume his storied rivalry with Russian legend

Garry Kasparov in the Croatia Grand Chess Tour

Rapid and Blitz tournament beginning in Zagreb

on Wednesday, returning to over-the-board action

after more than a year. . Anand will be featuring

in both the rapid and blitz segments. Click here to

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read more Image courtesy: www.outlookindia.com

Japan declares state of emergency 2 weeks

ahead of Tokyo Olympics.
Surging COVID-19 cases in Tokyo have hit a two-

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month high that almost guarantees the

Japanese government will declare a new state

of emergency to start next week and continue

for the duration of the Tokyo Olympics The

pandemic-delayed Olympics open in just over

two weeks on July 23.IOC President Thomas

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Bach will be greeted by the rising cases as he

self-isolates for three days in the International

Image courtesy: www.indianexpress.com Olympic Committee’s five-star hotel in the

capital. Click here to read more.

Seven members of England men's team test

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positive for COVID-19.
Three players and four staff members from England's

cricket team have tested positive for COVID-19, the

England and Wales Cricket Board (ECB) said on

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Tuesday. Those who have contracted the virus will now

self-isolate from July 4 following the UK Government's

quarantine protocol. The remaining members of the

party have been deemed close contacts and will also

isolate. Click here to read more.

Image courtesy: www.thehindu.com
 SAMPRAT
I n f o t a i n m e n t
Sony Entertainment Television brings the global
blockbuster -
Sony networks, India has acquired the rights for the Indian adaptation

Shark Tank
of the globally successful business reality format – Shark tank, which will

be aired soon on Sony Entertainment television. The format has

to India
encouraged and strengthen businesses/startups in over 40 countries.

With over 180 seasons; winning over 30 awards globally, Shark tank is

the world’s No.1 Business Reality Show. Making a headway to India, the

fastest growing and the third largest startup ecosystem in the world,

Shark Tank (India) will be produced by StudioNEXT. Bursting with new

ideas and enthusiasm, ‘young Indian entrepreneurs’ have been showing

great potential in attracting active investments. India has a conducive

market for a concept as unique as ‘Shark Tank’ where business ideas,

business prototypes or active businesses will get stimulated into reality

by experienced investors and business experts. This is a direct platform

for entrepreneurs or aspirants to showcase their ideas directly to the

potential investors (Sharks) and make it real. Click here to read more.

Image courtesy: www.tellychakkar.com

India Mourns loss of an Iconic actor-

Dilip Kumar: Dilip Kumar dies at 98. Dilip Kumar known to generations of cine-

goers as ‘tragedy king’ and ‘First Khan of Bollywood’, was rushed to

Bollywood, hospital on June 30th after complaining of breathlessness. Wrapped

in the national flag, Dilip Kumar was taken to Juhu Kabristan with full

Politicians pay state honours, where the family fraternity and thousands of fans

tributes lined up to bid him an emotional farewell. In a career spanning more

than 5 decades, some his best known films are Devdas, Daag,

Madhmati, Mughal-e-Azam, Azaad, Ganga Jamuna, Ram aur Shyam

and many others. He married Saira Banu in 1966- the two starred

together in several hit films. He also possessed the distinction of

being the only Indian recipient of Pakistan’s highest civilian award-

Nishan-e-Imtiaz. Social media was flooded with tributes and

condolences from every corner for the legendary actor. Click here

to read more.

Image courtesy: www.bbcnews.com

 SAMPRAT
E c o n o m i c A f f a i r s

RBI penalised 14 The Reserve Bank of India (RBI) on Wednesday; July 8, 2021

penalized 14 banks including State Bank of India, Bank of

banks over breaching Baroda, IndusInd Bank and Bandhan Bank for infringing

lenders provision and

provisions associating bank lenders to non-banking financial

companies (NBFCs) and maintaining data on large exposures.

tweaked norms of The central bank claimed that the penalty was imposed

following a “scrutiny in the accounts of the companies of a

interests on FD. group” by the regulator. The name of the group has not been

disclosed, although the list of 14 banks is released. RBI imposed

monetary penalty on 14 banks for non-compliance with

provisions of directions issued on lending to NBFCs, bank

finance to NBFCs, loans and advances statutory and other

restrictions, creation of a central repository of large common

exposures across banks. Adding to the note, RBI recently

tweaked the norms for interest on the amount left unclaimed

with the bank after a fixed deposit (FD) matures. Click here to

read more.

Image courtesy: www.quoracdn.net

The central government on Thursday approved a Rs 23,000

crore relief package for combating Covid-19 and dealing with Centre approves
issues which occurred during the second wave.

Addressing the media after the first Cabinet meeting following

Rs 23,123 cr
the reshuffle, newly appointed health minister Mansukh
emergency response
Mandaviya said the Centre would provide Rs 15,000 crore and

states Rs 8,000 crore and the plan would be implemented package to fight
Covid-19
jointly by them across all the 736 districts of the country to

improve medical infrastructure at primary and district health

centres. "Rs 23,000 crore package will be given to deal with

the problems that occurred in the second wave of Covid-19. It

will be used jointly by the central and state governments to

boost emergency health infrastructure," Mandaviya said.

Mandaviya said this is the second phase of the 'Emergency

Response and Health System Preparedness Package' as the

Central government had given Rs 15,000 crore earlier for setting

up Covid-dedicated hospitals and health centres across the

country. Click here to read more.

Image courtesy: www.freepngimage.com

 Market at a Glance

World Indices S
Name

Nifty 50 15689.80
Change

-38.10
Change in
Percentage
-0.24
A
M
BSE Sensex 52386.19 -182.75 -0.35
Nifty Bank 35071.95 -202.15 -0.57
S & P 500 4369.55 48.73 1.13

P
Dow Jones 34870.16 448.23 13.00
Nasdaq 14701.92 142.13 0.98
Hang Seng 27274.12 169.12 0.62

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China A50 16665.48 104.88 0.63
Source: Money control

Currency
Currency Exchange Rate to INR
INR/USD (United States Dollar)
INR/EUR (Euro)
INR/GBP (Pound)
74.49
88.47
103.54
A
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INR/JPY (Japanese Yen) 0.68
INR/CNY (Chinese Currency) 11.50
Source: Money control

Faculty Mentors
Dr. Jasmin Padiya Prof. Neetu Jain Prof. Yasmeen Pathan

Editors & Designers

Akshat Shah - PGII Amisha Bhatia - S1 Chanchal Sharma - T1

Dhiti Desai - T2 Dhruvin Shah - S1 Drishti Trivedi - S1

Divya Lakhiara - S2 Jenish Patel - PGI-A Krishna Kumar Liya - S2

Krupa Bhatt - S2 Mahek Kamdar - T1 Priyal Parikh - S3

Riya Shah - PGII Rishab Patra - S2

www.glsuniversity.ac.in/bba-mba.html imba@glsuniversity.ac.in