Notes:
Union Road Transport and Highways Minister Nitin Gadkari inaugurated the ‘Industrial Decarbonization Summit 2022’ in New Delhi.
The focus is on the Road Map for Carbon Neutrality by 2070. The Minister emphasized on maintaining equilibrium between ecology, environment and development. He also spoke about the government’s priority on green hydrogen, Bio-ethanol, Bio-LNG and Bio-CNG.

Notes:
The UN refugee agency, UNHCR released the ‘2022 Global Trends Report’. As per the report, 100 million people have now been forced to flee their homes globally.
UNHCR also highlighted worldwide food insecurity, the climate crisis, war in Ukraine and other emergencies from Africa to Afghanistan as leading causes. As per the report, the number displaced by war, violence, persecution and human rights abuses stood at 89.3 million, by the end of 2021.

Notes:
India hosted the SCO’s Regional Anti-Terrorist Structure (SCO-RATS) Meeting in its capacity as chair of the SCO-RATS.
The meeting aims to deliberate on security challenges, including threats of terrorism. Delegations from China, Pakistan and other member nations of Shanghai Cooperation Organisation (SCO) attended the meeting in New Delhi. India hosted a meeting of counter-terror experts from the SCO countries in May 2022.

Notes:
Europe’s biggest start-up conference – Vivatech 2020 has recognized India as the ‘Country of the year”
Union Minister of Electronics and IT Ashwini Vaishnaw inaugurated the India pavilion at the Vivatech technology exhibition. Around 65 start-ups from India are participating in the conference with government support. India has created 100 unicorns in few years while Europe has created 26 unicorns.

Notes:
The Central Board of Direct Taxes (CBDT) recently notified the cost inflation index (CII) for FY 2022-23 as 331.
For the previous year (FY 2021-22) CII was notified as 317. The CII is used to calculate an asset’s inflation-adjusted cost price, with which Long-term capital gains or losses are then calculated. This notification will apply to the Assessment Year 2023-24 and future years.