India's coffee exports witnessing decline
India's coffee exports have seen a steady decline in the last decade amid a growing need for value addition across multiple stages of coffee processing globally and rising demand for speciality coffees. India's coffee exports have dropped at an annual decline of 3 per cent between 2011-12 till 2020-21. The fall can partly be attributed to Covid-19, wherein FY2019-20, India's overall coffee exports reached a nine-year low in dollar value terms and plummeted by 44 per cent in April 2020.
Source - Economic Times
RBI to introduce Central Bank Digital Currency (CBDC) in phases
The issue of CBDC has crept up recently with the advent of private virtual currencies, such as bitcoins, that are not backed by any government and do not follow any proper jurisdiction. The wide adoption of these currencies threatens to upend the established model of fiat currencies issued by countries within a border. The adoption of CBDCs can have important implications for the banking system such as a reduction in the transaction demand for bank deposits and the intra-day liquidity for settlement of transactions.
Source - Business Standard
Tokyo Olympics: IOA rope in Adani Group as sponsor
The Indian Olympic Association (IOA) has roped in Adani Group as a sponsor for the 2020 Tokyo Olympics and the future. Additionally, IOA had earlier entered sponsorship agreements with MPL Sports Foundation as the 'Principal Sponsor' covering the Tokyo Olympic Games, 2022 Asian Games, and Commonwealth Games. Apart from these companies, global nutrition companies Herbalife, JSW Group and Amul are also sponsors of the 2020 Tokyo Olympics Games.
Source - Economic Times
UP launches Bal Sewa Yojana to rehabilitate Covid orphans
The Uttar Pradesh government launched the UP CM Bal Sewa Yojana, aimed at rehabilitation of children who have lost either or both their parents to Covid since March last year. Under the scheme, the 4,050 children that have been identified will get Rs 4,000 each per month. Apart from the financial aid, children from the age of 11 to 18 will also be eligible for free education in the Atal Residential schools.
Source - Economic Times
Venice will no longer be listed in UNESCO's endangered sites
Venice, which has been on UNESCO’S heritage site since 1987, avoided being named a world heritage site in danger by UNESCO, just weeks after Italy moved to ban large cruise ships from sailing into the city centre. The giant floating hotels cause large waves that undermine the city's foundations and harm the fragile ecosystem of its lagoon. The World Heritage Committee has given Italian authorities until next December to report back on efforts to preserve the city's ecosystem and heritage.
Source - Economic Times
Maharashtra rain: 36 dead in landslides
36 people have died in landslides in Maharashtra's Raigad district as incessant rain continued to batter the Konkan region of the state, leaving thousands stranded in floods and landslides. Helicopters are being used to evacuate people from the flood-hit regions in Raigad, about 70 km from Mumbai.
Source - NDTV
Drone carrying explosive shot down near international border in Jammu
The J&K police has shot down a drone carrying improvised explosive device (IED) material weighing 5 kg over the border belt of Kanachak along the International Border (IB) of Jammu district. A quick reaction team (QRT) of the police swung into action and shot it down using an anti-drone strategy.
Source - India TV
Delhi HC notice to Amazon India on plea against sale of Shein products
Shein was among the 59 Chinese mobile apps banned by the government in June 2020. However, Amazon's Prime Day sale, which will be held on 26 and 27 July, has listed Shein among its other 1.2 million sellers. The Delhi HC issued a notice to Amazon India on a petition filed against the proposed inclusion of Shein products in its Prime Day sale.
Source - Mint
What is 'right to be forgotten' that ex-MTV Roadies Ashutosh Kaushik has sought from court?
Television personality Ashutosh Kaushik who shot to fame in 2007 after winning MTV Roadies and then Bigg Boss has recently approached the Delhi HC seeking his 'right to be forgotten. In legal parlance, this means he wants his digital data to be deleted from Google and any other online platform. There is no such provision in Indian laws but Section 20 of the Personal Data Protection Bill 2019 says that an individual has the right to restrict or prevent the disclosure of their personal data under certain conditions.
Source - Hindustan Times
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