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Facts- 22nd July

1. Byju’s acquires Epic for $500 million

Byju’s

  • Byju’s is an Indian multinational educational technology company, headquartered in Bangalore. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of June 2021, Byju’s is valued at $16.5 billion, making it the world’s most valuable educational technology company.

Epic

  • Epic! is an American kids’ subscription-based reading and learning platform. It offers access to books and videos for children ages 12 and under. The service can be used on desktop and mobile devices. Epic! was founded in 2013 by Suren Markosian and Kevin Donahue and launched in 2014.

2. Atal Innovation Mission declares results of ‘ATL Marathon 2020’

  • It is a flagship competition where a new theme is brought in every year for innovators under which students with the help of their ATL in-charges and mentors carefully research, ideate, innovate and implement their innovations over a period of six months.
  • The top students then get a chance to undergo the Student Internship Program with AIM’s corporate partners and incubation centres to further enhance and hone their skills and prototypes.

Atal Innovation Mission

  • Atal Innovation Mission (AIM), NITI Aayog is Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country and was setup in 2016.

3. Finance Ministry Joint Secretary Rashmi R Das appointed to UN Tax Committee

  • The UN Tax Committee fosters international cooperation on domestic and international tax matters and works closely with observers from government, civil society, business and academia, to develop guidance and encourage an inclusive setting of norms and policies.
  • Other members of the committee hail from countries such as Chile, Nigeria, Malawi, South Korea, Ireland, Mexico, Myanmar, Indonesia, Russia, Angola, Norway, Canada, Italy, Germany, China and Sweden. They have been appointed by the UN Secretary-General António Guterres.

4. Kotak Mahindra Bank signs MoU with Indian Navy for Salary Account

  • Kotak Mahindra Bank Limited is an Indian banking & financial services company headquartered in the city of Mumbai, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management.
  • CEO: Uday Kotak
  • Founder: Uday Kotak
  • Founded: February 2003

5. Indian Navy exercise with UK’s Royal Navy carrier striker group

  • With the presence of the CSG-21 in the Indian Ocean, the ongoing exercise has afforded excellent opportunity to engage over the entire spectrum of maritime operations including ASW, Anti-Air and Anti-Surface warfare.
  • The exercise also witnessed the maiden participation of the F 35 B Lightning which operate from the deck of HMS Queen Elizabeth.

Indian Navy

  • Vice Chief of the Naval Staff (VCNS): Vice Admiral G. Ashok Kumar, AVSM, VSM
  • Deputy Chief of the Naval Staff (DCNS): Vice Admiral Ravneet Singh, AVSM, NM
  • Chief of the Naval Staff (CNS): Admiral Karambir Singh, PVSM, AVSM

6. India among WTOs 5 member nations to produce 75% of worlds Covid vaccines

WTO

  • The World Trade Organization is an intergovernmental organization that regulates and facilitates international trade between nations. Governments use the organization to establish, revise, and enforce the rules that govern international trade.
  • Headquarters: Geneva, Switzerland
  • Membership: 164 member states
  • Founded: 1 January 1995
  • Director-General: Ngozi Okonjo-Iweala

7. Taiwan to use its own name at new Lithuania office

Taiwan

  • Capital: Taipei City
  • President: Tsai Ing-wen
  • Currency: New Taiwan dollar
  • Official language: Mandarin Chinese

Lithuania

  • Capital: Vilnius
  • Currency: Euro
  • President: Gitanas Nausėda

8. 11th Mekong-Ganga Cooperation meeting held

  • Established in the year 2000, the Mekong Ganga Cooperation, an initiative by six countries – India and five ASEAN countries, namely, Cambodia, Laos, Myanmar, Thailand and Vietnam for cooperation in tourism, culture, education, as well as transport and communications, remains one of the oldest sub-regional cooperation organization.
  • With both the Ganga and the Mekong – which flows from its source on the Tibetan Plateau in China through various Southeast Asian countries – being civilizational rivers, the MGC initiative aims to facilitate closer contacts among the people inhabiting these two major river basins.

9. India committed to work with G20 nations for better world: Bhupender Yadav

G20

  • The G20 is an intergovernmental forum comprising 19 countries and the European Union. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
  • Founder: Group of Seven
  • Founded: 26 September 1999
  • Chairman: Mario Draghi (2021)

10. World Brain Day: 22nd July

  • The day was first observed in 2014 and this is the eighth World Brain Day.
  • On July 22, 1957, the World Federation of Neurology. The Public Awareness and Advocacy Committee, at the WCN Council of Delegates assembly on 22 September 2013, proposed that July 22 be celebrated as World Brain Day. The proposal received a warm welcome and implementation the very next year.