Notes:
Every year, India celebrates the National Flag Day on July 22. On the same day in the year 1947, the Constituent Assembly of India adopted the National Flag.
When the members of the Indian Constituent Assembly met in the Constitution Hall in Delhi on July 22, 1947, the first thing the Assembly discussed was a motion by Jawaharlal Nehru to adopt the national flag for free India.

Notes:
ISRO’s three-day Human Space Flight Expo is being held in Bengaluru. It includes model-plane-making workshops to interactive models of satellites, and a movie about the history of India’s space programme.
It is being held at the Jawaharlal Nehru Planetarium in Bengaluru. The expo commemorates Indian achievements in space and has been organised as part of the Azadi Ka Amrit Mahotsav celebrations marking 75 years of Independence.

Notes:
Pradhan Mantri Vaya Vandana Yojana was launched on July 21, 2017. The scheme recently completed five years since its launch.
Under the scheme, senior citizens above the age of 60 can make a lump sum investment and can monthly or a yearly pension. PMVVY has been extended up to 31st March, 2023. The amendment in 2020 allowed an assured rate of return of 7.40 % per annum for the year 2020-21 per annum and thereafter to be reset every year.

Notes:
The Asian Development Bank cut its economic growth forecast for India to 7.2% for 2022-23 from 7.5% estimated in April.
The reasons cited are higher-than-expected inflation and monetary tightening. It also lowered the GDP growth estimate for 2023-24 to 7.8% from the 8% estimated earlier. ADB raised the inflation forecast for India to 6.7% for FY23 from the 5.8 % estimated earlier.

Notes:
Nasscom Foundation has set up a call centre to help women farmers scale up their business called the “DigiVaani Call Center”.
It has been set up in collaboration with non-profit Indian Society of Agribusiness Professionals (ISAP). The project is run on a pilot basis to initially reach out to 20,000 rural women entrepreneurs across six states- Himachal Pradesh, Uttarakhand, Uttar Pradesh, Bihar, Haryana and Rajasthan. The project has been funded by Google.