Services exports rise 20.2% to $23.26 billion in July 2022: RBI data.

  • As per the Reserve Bank India data, the services exports of India has been increased by 20.2% year-on-year to $23.26 billion in July 2022.
  • However, the July exports were lower than June by $25.29 billion in 2022.
  • As per the monthly data on India's international trade in services for July 2022, the imports surged by 22.3% to $13.92 billion in July.
  • The exports during April-July 2022-23 stood at $94.75 billion, and the imports totalled $58.94 billion during the period.

India's unemployment rate increases to 1-year high of 8.3% in August.

  • As per the Centre for Monitoring Indian Economy data, the unemployment rate of India has been surged to a one-year high of 8.3% in August 2022, as employment sequentially fell by 2 million to 394.6 million.
  • In August, the urban unemployment rate has been increased to 9.6% and rural unemployment rate also increased to 7.7%.
  • In July 2022, the unemployment rate was at 6.8% and the employment was 397 million.
  • In August, the unemployment was the highest in Haryana (37.3%).

Rajasthan govt launches "Mahila Nidhi" to support women entrepreneurs.

  • Rajasthan Chief Minister, Ashok Gehlot has launched loan scheme Mahila Nidhi with an aim to ensure easy loans for women in business.
  • The scheme also aims the social and economic development of women through credit.
  • CM Ashok Gehlot has announced in the budget 2022-23 about the Mahila Nidhi scheme through Rajasthan Rural Livelihood Development Council.
  • The scheme will disburse loans of up to Rs 40,000 within 48 hours, and above Rs 40,000 within 15 days.

India’s 1st indigenously developed vaccine for cervical cancer.

  • Union Minister of Science and Technology Jitendra Singh has launched India’s first indigenously developed quadrivalent Human Papilloma Virus (HPV) vaccine for the prevention of cervical cancer.
  • Vaccine name: CERVAVAC
  • DCGI had granted market authorisation to Serum Institute of India to manufacture an indigenously-developed vaccine against cervical cancer.
  • Cervical cancer in India ranks as the second most frequent cancer among women between 15 and 44 years of age.

Meghalaya CM launches "Rural Backyard Piggery Scheme" for farmers' welfare.

  • Athletics Federation of India (AFI) has joined hands with HSBC India to support women athletes of the country.
  • Under the partnership, promising girl athletes will be selected from the National Inter District Championships for U-14 and U- 16 categories.
  • Special coaching camps would be set up for the selected athletes and nurtured them to perform on the global platform.
  • Attended by: Anju Bobby George, Priyanka Goswami, Annu Rani and Hima Das
  • HSBC India CEO: Hitendra Dave.

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