NCRTC to receive India’s first Regional Rapid Transit System train set at Salvi

• The RRTS train sets are being manufactured under Make In India initiative and are capable of running at a top speed of 180 kilometre per hour.
• The train set will be brought to Duhai Depot in Uttar Pradesh and will be maintained and operated from there.
• The fully air-conditioned train boasts of several modern commuter-centric features including cushioned seating, laptop-mobile charging, luggage racks and dynamic route-map.
• NCRTC is the implementing agency of India''s first RRTS corridor between Delhi-Ghaziabad-Meerut. The construction work on the 82-kilometre-long corridor is in full swing.
• The 17 km long priority section between Sahibabad and Duhai is targeted to be commissioned by 2023 and the full corridor will be fully operational by 2025.

EAM Dr S Jaishankar holds bilateral talks with visiting Italian Foreign Minister

• Chief on the agenda was the Ukraine issue, climate change cooperation, and space cooperation between the two countries.
• The Ministers discussed implementing the “India-Italy Strategic Partnership on Energy Transition” announced last year during the Prime Minister’s visit to Italy for the G-20 meeting, and also discussed cooperating at multilateral organisations, including the G-20.
• Italy had agreed to hold the G-20 meeting in India’s place, as New Delhi had wanted more time in order to prepare its hosting of the event in 2023.
• They agreed to explore partnerships in areas such as gas transportation, green hydrogen, bio fuels and energy storage.
• In addition, they agreed to jointly organise an India - Italy Tech Summit on Energy Transition and Circular Economy, to be held in Delhi on November 17, 2022.

Venus mission: ISRO plans to make it a special one

• Shukrayaan-1 is a planned orbiter to Venus by the Indian Space Research Organisation to study the surface and atmosphere of Venus.
• Although 2024 has been doing the rounds as the likely year for the ISRO’s Venus mission, the space agency can announce a schedule only after the Indian government gives the go-ahead for the mission, said Mr. Somanath.
• Venus offers different challenges compared to Mars, given the thick atmosphere and surface activity, which make it a complex planet.

Centre-Delhi row heads to Constitution Bench

• A three-judge Bench led by Chief Justice of India N.V. Ramana said the tussle between the Union and Delhi governments over the limited question concerning ‘services’ or bureaucracy required an authoritative pronouncement by a five-judge Bench of the Court.
• The CJI said the court did not “deem it necessary to revisit” any other issues between the Centre and the Delhi government, which had already been settled in the earlier judgment of the court in 2018.
• Four years ago, a Constitution Bench had unanimously held that the Lieutenant Governor of Delhi was bound by the “aid and advice” of the popularly-elected Aam Aadmi Party (AAP) government and both had to work harmoniously with each other.
• The 2018 judgment had made it clear that the powers of the Centre and the Delhi government were collective and coextensive.
• The judgment had not specifically dealt with the issue of ‘services’. The National Capital Territory government had compared its predicament without power over the ‘services’ like that of a king without a kingdom.

Axis AMC suspends two fund managers for front-running

• Front-running, which is illegal in India, involves purchasing a stock based on advance non-public information regarding an expected large transaction that will affect the price of the share.
• When mutual funds make a big order, some fund managers buy the same shares in their personal accounts before executing the MFs’ order. When MFs purchase in huge quantities, the price of the share is expected to go up.
• Sebi has categorised front running as a form of market manipulation and insider trading because a person who commits a front running activity expects security’s price movements based on the non-public information.
• Sebi has investigated and penalised several fund houses and fund managers in the past for front-running.

Minister of State for Electronics & IT, Entrepreneurship & Skill Development has inaugurated 5 centers of the National Institute of Electronics and Information Technology (NIELIT) in the north east for skill enhancement of the educated youth in the region

• These five centers of NIELIT are in Dibrugarh, Dimapur, Jorhat, Pasighat and Senapati.
• National Institute of Electronics & Information Technology (NIELIT), formerly known as the DOEACC Society, is a society that offers Information Technology and Electronics training at different levels.
• It is associated with the Ministry of Electronics and Information Technology of the Government of India.

NECB 2.0 project

• He also launched the NECB 2.0 project, for capacity building and training in digital skill sets and current industry demanding technologies for various sections of society in the north eastern states.
• The project is funded by the Ministry of Electronics and Information Technology (MeitY), Govt of India.
• National Institute of Electronics and Information Technology (NIELIT) is the Implementing agency, through its centers at Agartala, Aizwal, Gangtok Guwahati, Imphal, Itanagar, Kohima & Shillong.

India''s wave of unicorns reaches an all-time high with Neobank Open becoming the 100th unicorn in the country.

• Neobank startup, OPEN becomes the 100th unicorn in India with the latest funding of 50 million dollars from IIFL along with existing investors.
• The Indian Startup Ecosystem, the third-largest in the world in number of Unicorns, is now home to 100 unicorns with a total valuation of 332.7 billion dllars.
• Commerce & Industry Ministry said that one out of every 10 unicorns born globally belongs to India.
• The term ''Unicorns'' is referred to startups that attain a valuation of more than 1 billion dollars.
• As per the ministry, in the first four months of 2022, India has given birth to 14 unicorns with a total valuation of 18.9 billion dollars.

World Tuna Day was recently observed on May 2, 2022.

• The day is aimed at promoting the importance of sustainable fishing practices and educating people on how tuna have become endangered species due to the high demand.
• In 2016, the United Nations General Assembly declared this day World Tuna Day to create awareness among the people to preserve the species.
• More than seven million metric tonnes of tuna and tuna-like species are harvested yearly.
• These migratory tuna species account for 20 percent of the value of all marine capture fisheries and over eight percent of all globally traded seafood.
• Tuna is rich in Omega-3 and it also contains minerals, proteins, and vitamin B12, among other advantages.

PM Modi addresses inaugural session of Jain International Trade Organisation

• JITO is a worldwide organisation of businessmen, industrialists, knowledge workers and professionals reflecting the glory of ethical business practices.
• The Prime Minister gave new dimension to the word EARTH.
• E means environment where one should encourage the practices that protect the environment.
• A, means agriculture and natural farming, farming technology and food processing sector, where one should make investments and make it more profitable.
• R means recycling and focusing on the circular economy. Work to reuse, reduce and recycle.
• T means technology for all.
• H means health care where the government is working on a large scale to establish medical colleges in every district.
• JITO should also encourage this sector.