GK Capsule: From PM trip to Europe to India’s Heatwave, Know Important Events of the Week

As the date of preliminary examination of Union Public Service Commission (UPSC) Civil Services Examination 2022 is approaching, candidates are busy finalizing their preparation. CSE Prelims 2022 is scheduled to be held on 5th June. With less than a month to go, candidates must constantly keep themselves updated with all the latest news and happenings from across the world to prepare for the current affairs section of the paper. If you are a UPSC aspirant, here is your weekly dose of previous week news.

Prime Minister Narendra Modi’s Europe Tour

This week, Prime Minister Narendra Modi was on a three-nation European visit, participating in several bilateral meetings to boost ties in areas of trade, energy, green technology and many more. PM Modi visited Germany, Denmark and France during his three-day visit where he held meetings with heads of state and other leaders. During the summit, Prime Minister Modi held separate bilateral meetings with his counterparts from Norway, Sweden, Iceland and Finland.

India- Nordic Summit

The second India-Nordic summit was held earlier this week on May 4 at Kristiansborg Palace in Copenhagen, Denmark. The summit was attended by Prime Minister Narendra Modi and the Prime Ministers of Denmark, Iceland, Finland, Sweden and Norway. The summit focused on post-pandemic economic recovery, climate change, renewable energy and the evolving global security landscape. The leaders discussed various aspects to promote multi-faceted cooperation in emerging technologies, investments, clean energy, Arctic research and other areas.

LIC IPO

The Life Insurance Corporation of India (LIC) started applications for the country’s largest ever initial public offering on May 4. The state-owned insurer expects to raise around Rs 21,000 crore from the market by reducing its 3.5 per cent stake. The insurance giant was to reduce its 5 per cent stake but abandoned the plan due to poor market conditions. The price band of the issue is Rs 902- 949 per equity. The application for LIC IPO will continue till May 9, followed by allotment of shares on May 12 and listing on May 17. The issue is already oversubscribed.

heatwave conditions

After recording the hottest April in 122 years, central and north-west India got some respite from heat wave conditions. However, heat wave conditions may return to parts of Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Uttar Pradesh and Delhi in the coming days. Delhi recorded its second warmest April in 72 years, with a monthly average maximum temperature of 40.2 degrees Celsius, which is 37.3 degrees Celsius, compared to the monthly average of April.

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डिसक्लेमर
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