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Union Cabinet approves 5G auction
  • The 5G spectrum auction has been approved at a cabinet meeting chaired by Prime Minister Modi. The auction is scheduled to close by next July, with the Union Cabinet approving the telecommunications sector to auction the 5G spectrum.
  • The 5G spectrum is said to operate 10 times faster than the 4G spectrum. The 72,97 MHz spectrum auction is said to be valid for 20 years with the aim of reducing the cost of telecommunications services.
  • Auctioneers of the 5G spectrum can pay up to 20 installments. Telecommunications companies Vodafone Idea, Bharti Airtel and Reliance Jio are expected to participate in the auction.
  • Meanwhile, mobile service providers like Airtel, Geo and Vodafone have 5G service outlets in Gurugram, Bangalore, Kolkata, Mumbai, Chennai, Chandigarh, Delhi, Jamnagar, Ahmedabad, Hyderabad, Lucknow, Pune and Gandhinagar. It is expected to be offered first in the country.
Launch of website to increase the productivity of micro, small and medium enterprises
  • The Valar 4.0 (valar.tn.gov.in) website developed by the Tamil Nadu e-Governance Agency on behalf of the Department of Information Technology and Digital Services was launched by the Minister of Small and Medium Enterprises, Thamo Anparasan and the Minister of Information Technology, T. Mano Thankaraj at the General Secretariat. .
US lends Rs 937 crore to Sri Lanka
  • The Board of Directors of the US International Development Fund has approved a new loan to Sri Lanka. The United States has been lending to Sri Lanka's development for the past 17 years. The United States has also provided assistance to Sri Lanka.
  • Sri Lanka will now receive a new $ 120 million loan. This will help in the growth of the private sector in the country. Small and medium enterprises can be developed with this loan. This will create new jobs
Prithvi 2 missile test success
  • The Prithvi 2 missile test, which strikes short-range targets, was successfully launched into space. The Prithvi 2 missile is designed to strike and destroy short-range targets. The missile was successfully tested at the Chandipur launch pad in the state of Odisha. Then hit the target accurately and destroy.
Legal action against Britain - EU declaration
  • The Brexit agreement for Britain's exit from the European Union was signed two years ago. In this context, the UK has decided to pass a bill to waive tariffs on certain goods moving from the UK to Northern Ireland.
  • The EU has accused it of violating the Brexit agreement. The European Union (EU) has said it will take legal action against Britain in the case.
UAE bans Indian wheat exports for 4 months
  • India has imposed a ban on wheat exports since May 14 to curb domestic inflation. However, India has stated that only wheat will be exported to the United Arab Emirates under the Integrated Economic Relations Agreement between India and the United Arab Emirates.
  • The United Arab Emirates (UAE) has imposed a four-month ban on exports of wheat and flour products to other countries.

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