• PM recently congratulated the new home owners in Bengaluru’s first project under SWAMIH Fund.

ABOUT SWAMIH FUND

• SWAMIH stands for Special Window for Affordable and Mid-Income Housing.
• It is India’s largest social impact fund specifically formed for completing stressed and stalled residential projects.
• The fund is sponsored by the Ministry of Finance and is managed by SBICAP Ventures Ltd.
  • SBICAP Ventures Limited is a wholly-owned subsidiary of the State Bank of India.
• It has one of the largest domestic real estate private equity teams focused only on funding and monitoring the completion of stressed housing projects.
• It is a Category-II AIF (Alternate Investment Fund)debt fund registered with the Securities and Exchange Board of India (SEBI).

ELIGIBILITY

• The real estate projects seeking last-mile funding from SWAMIH must be RERA-registered projects which have been stalled due to a lack of adequate funds.
• They must also fall under the ‘Affordable and Middle-Income Project’ category. These include
  • projects in which the flats do not measure more than 200 square metres in carpet area and are priced as below:
    • Upto INR 2 crore in the Mumbai Metropolitan Region
    • Upto INR 1.5 crore in the National Capital Region, Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad
    • Upto INR 1 crore in the rest of India.
  • Net-worth-positive projects are also eligible for SWAMIH funding.
  • Finally, each of these projects must be very close to completion.

• Deendayal Antyodaya Yojna- National Rural Livelihoods Mission (DAY-NRLM) has launched eSARAS mobile App.
• It is an e-commerce mobile app will be used as a more effective platform for marketing of the products made by women of self-help groups.
• eSARAS fulfillment centre will be used for processing, packaging and shipping of products that customers purchase through eSARAS Portal and eSARAS mobile App.

ABOUT DAY-NRLM SCHEME

• Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) is the flagship program of the Ministry of Rural Development.
• Its aim is poverty reduction through building strong institutions for the poor, particularly women, and enabling these institutions to access a range of financial services and livelihoods.
• Under this, at least one woman member from each identified rural poor household, is to be brought under the Self Help Group (SHG) network in a time bound manner.
• All households identified as poor through the Participatory Identification of Poor (PIP) process is the NRLM Target Group and is eligible for all the benefits under the programme.
• NRLM provides Revolving Fund (RF) and Community Investment Fund (CIF) as resources in perpetuity to the institutions of the poor, to strengthen their institutional and financial management capacity.

• The International Day of Cooperatives is commemorated on July 1^st.
• Theme for the International Day of Cooperatives 2023 is “Cooperatives for Sustainable Development.”
• In 1923, the International Cooperative Alliance (ICA), an international umbrella organization representing cooperative enterprises, established the first International Cooperative Day.

• International Plastic Bag Free Day is observed every year on July 3^rd to increase awareness about the detrimental effects of disposable plastic bags on the environment.

• Max Verstappen, the reigning Formula One champion, continued his impressive performance by securing a commanding victory at the Austrian Grand Prix 2023.
• Charles Leclerc, finished in second place, while, Sergio Perez secured the third position.

• Neeraj Chopra won gold in the javelin throw at the Diamond League in Lausanne (a city on Lake Geneva, in Switzerland).
• This was his second consecutive Diamond League win in this season following the win at Doha in May 2023.
• He is the first Indian to win a gold medal in track and field in Olympics (Tokyo 2020-21) and the second Indian to win an individual Olympic gold after Abhinav Bindra (shooting).

ABOUT THE EVENT

• The Diamond League is an annual series of elite track and field competitions.
• The Diamond League is organised by World Athletics (formerly IAAF or International Association of Athletics Federations).
• The 2023 Diamond League: The 14th edition of the Diamond League began in May 2023 in Doha, the capital of Qatar.
• The 15 meetings in this edition are scheduled at various cities across the world. The finals will be held in September 2023 in Eugene, United States.

• The President of India, recently attended the 75^th Foundation Day celebrations of the Institute of Chartered Accountants of India (ICAI).

ABOUT ICAI

• ICAI functions under the administrative control of the Union Ministry of Corporate Affairs.
• It was established in 1949.
• It is a statutory body established under the Chartered Accountants Act, 1949.
• HQ: New Delhi.
• It is tasked with the regulation of the profession of Chartered Accountancy.
• ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013.

• Michael Rosen, a renowned poet and writer from Britain, has been recognized for his literary contributions and honored with the prestigious PEN Pinter Prize 2023.
• Rosen is known for making poetry accessible to children through his work and performances.
  • His themes are often social, political and ethical. =

ABOUT THE PRIZE

• The PEN Pinter Prize was established in 2009 by English PEN, the founding centre of a global literary network that promotes literature and human rights.
• The winner must be the author of a significant body of plays, poetry, essays, or fiction of outstanding literary merit, written in English.
• The Prize is awarded annually to a writer resident in the United Kingdom, the Republic of Ireland, the Commonwealth or former Commonwealth.
• The prize was named after Nobel-Laureate playwright Harold Pinter, who was a vice president of English PEN and an active member of the International PEN Writers in Prison Committee (WiPC).

• Twitter announced temporary reading limits to combat data scraping.
• Data scraping or web scraping is the automated process of extracting large amounts of data from websites or online sources.
• It involves using software tools or programming techniques to gather information from web pages.
• Positively, it can be used for academic research, data journalism, or to create innovative applications and services.
• But it may also lead to copyright infringement, privacy violations, manipulation and misuse of data

• Merck Life Science will soon supply of Heavy Water for production of Deuterium Labelled Compounds to Atomic Energy Commission.
• It has entered into a five-year partnership with the Department of Atomic Energy for the constant supply of heavy water.

ABOUT HEAVY WATER

• Heavy water contains significantly more than the natural proportions (one in 6,500) of heavy hydrogen (deuterium, D) atoms to ordinary hydrogen atoms.
• Heavy water is also called deuterium oxide and is denoted by the chemical formula D₂
• The density of D₂O is approximately 11% greater than that of H₂O, an ice cube made of deuterium oxide will sink in normal water.
• It is used as a moderator in Pressurised Heavy water reactors because it slows down neutrons effectively and also has a low probability of absorption of neutrons.
• It is also used for non-Nuclear Application (Metabolism studies, Active Pharmaceutical Ingredients, Semiconductors

NOTE-

• Tritium or hydrogen-3 (symbol T or 3H) is a rare and radioactive isotope of hydrogen with a half-life of about 12 years.