DRDO Launches ‘Ugram’ for Indian Army

• The Defence Research and Development Organisation (DRDO) introduced Ugram, an advanced assault rifle chambered in 7.62 x 51 mm.
• The meaning of the word ‘Ugram’ is ferocious, it is the result of indigenous design, development, and manufacturing in collaboration with a private industry partner.
• Tailored to meet the operational needs of armed forces, paramilitary units, and state police entities.
• The first operational prototype was officially unveiled by Dr. Shailendra V Gade, Director General of Armament and Combat Engineering Systems at DRDO, in Pune.

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PM Modi Inaugurates Vibrant Gujarat Global Summit

• Prime Minister Narendra Modi inaugurated the 10^th edition of the Vibrant Gujarat Global Summit in Gandhinagar.
• This three-day event has attracted the participation of 34 partner countries and delegates from over 130 nations.
• The summit will commemorate the '20 years of Vibrant Gujarat as the Summit of Success.'

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PFC Gets Reserve Bank nod to Set Up Finance Company in GIFT City

• The Reserve Bank of India (RBI) granted approval to Power Finance Corporation (PFC) to establish a fully-owned finance company within the GIFT City in Gujarat.
• This entity within the International Financial Services Centre (IFSC) will open up fresh business prospects for PFC and play a role in advancing the growth of the nation's power sector.

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IndusInd Bank Introduces the ‘Samman RuPay Credit Card’

• IndusInd Bank recently introduced the “IndusInd Bank Samman RuPay Credit Card", equipped with UPI functionality, in partnership with the National Payments Corporation of India (NPCI).
• Introduced for government sector employees, the card is designed to offer a variety of exclusive perks, aiming to elevate their banking experience.

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Music Maestro Rashid Passes Away

• Renowned music maestro Rashid Khan passed away at a Kolkata hospital following a long struggle with cancer.
• He was 55-year-old and was a Padma Bhushan awardee.
• West Bengal Chief Minister Mamata Banerjee announced that Ustad Rashid Khan would receive a gun salute as part of his final rites. 

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India Set to Host UNESCO's World Heritage Committee Session

• India is set to preside over and host the UNESCO World Heritage Committee session in New Delhi from 21^st July 2024 to 31^st July 2024.
• This is the first time a country has both chaired and hosted the committee.
• The occasion positions New Delhi as the epicentre for international dialogues on the conservation of cultural and historical heritage.