PM Modi inaugurated 44th Chess Olympiad in Chennai.

  • PM Modi has inaugurated the FIDE 44th Chess Olympiad in Jawaharlal Nehru Indoor Stadium, Chennai, Tamil Nadu.
  • The ceremony was attended by Tamil Nadu CM, MK Stalin, five-times chess champion Viswanathan Anand and several others.
  • The competition is being hosted in India for the first time and in Asia after 30 years.
  • A total of 343 teams from 187 countries are participating in the event.
  • Chess Olympiad mascot: Thambi (Chess Knight)
  • Anthem: Vanakkam Chennai

Singapore emerges as top country for FDI equity inflows into India.

  • Singapore (27.01%) and USA (17.94%) have emerged as top sourcing countries in FDI equity flows into India in FY2021-22.
  • Mauritius (15.98%) has been ranked third followed by Netherland (7.86%) and Switzerland (7.31%).
  • Top 5 sectors: Computer Software & Hardware (24.60%), Services Sector, Automobile Industry, Trading and Construction (Infrastructure) Activities.
  • Top 5 States: Karnataka (37.55%), Maharashtra (26.26%), Delhi (13.93%), Tamil Nadu, and Haryana

PM Modi launches India’s first global gold exchange in Gujarat.

  • PM Modi inaugurates India’s first global gold exchange in Gujarat International Finance Tec-City.
  • Aim: To create a regional bullion hub, that allow more jewelers to import the precious metal.
  • PM Modi also launch NSE IFSC-SGX Connect platform, with the help of this system, all orders on Nifty derivatives placed by members of Singapore Exchange Limited (SGX) will be routed to and matched on the NSE-IFSC order matching and trading platform.

ReNew signs pact with Egypt govt to set up green hydrogen plant.

  • ReNew Power has signed an agreement with the Egyptian government to invest as much as $8 billion to produce green hydrogen manufacturing facility at the Suez Canal Economic Zone in Egypt.
  • ReNew will produce 220,000 tonnes of the clean fuel annually in Egypt in the coming years.
  • ReNew is supported by investors including Goldman Sachs Group Inc and Abu Dhabi Investment Authority.
  • Renew Power Chairman: Sumant Sinha; Headquarters: Gurugram

Gujarat becomes first state to launch semiconductor policy in India.

  • Gujarat has become the first state to launch a Semiconductor Policy 2022-27, with an aim to boost manufacturing of semiconductors in the state.
  • The policy also offers incentives and subsidies to manufacture semiconductors.
  • The state government has also set up Gujarat State Electronics Mission, as the nodal agency for the policy implementation.
  • The eligible projects will be given 75% subsidy on purchase of the first 200 acre land for setting up manufacturing units.

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