NEWS 03-07-2022. NEWS FOR 4th-JUL (MONDAY) 1. Recently PM Modi attended the G7 Summit in Germany and asked the G7 countries to consider investing in and promoting the emerging market for clean energy technologies in India. 2. External Affairs Minister Dr S Jaishankar will be taking part in the G20 foreign ministers meet which will take place in Bali. Indonesia is the chair of the G20 this year. 3. The DRDO has successfully carried out the maiden test flight of a new Unmanned Aerial Vehicle (UAV), an autonomous Flying Wing Technology Demonstrator. This flight marks a major milestone in terms of proving critical technologies towards the development of future unmanned aircraft and is significant step towards self-reliance in such strategic defence technologies. 4. Amid the ongoing economic crisis in Pakistan, there has been an electricity outage in the country. Also the prices of Petrol, Diesel & Kerosene are soaring up due to the subsidies been taken back by the govt. 5. Russian forces have withdrawn from Ukraine's Snake Island, a highly contested speck of land in the Black Sea. This move shows that Russia does not want to hinder the UN's efforts to organize a corridor for transporting agricultural products from Ukraine. 6. About 7.5% of India's fuel needs (crude oil, coal, natural gas, etc.,) for the past few months have been sourced from Russia compared to 2% or less in many of the previous years. Russia was India's sixth largest import partner in the April-May 2022 period. In several of the previous years, it had occupied the 20th position. 7. India has finalised a barter deal with Russia for supply of fertilisers. The supply of fertilisers becomes important since half of the Indian population depends on the same. India is its 2nd largest importer aiming for 1 million tonnes of di-ammonium phosphate (DAP) and potash; and about 800,000 tonnes of nitrogen, phosphorus, potassium (NPK) from Russia every year. 8. PM Modi visited the UAE 4th time on June 28 having visited the country earlier in August 2015, in February 2018 and again in August 2019. No Indian PM had visited the UAE for 34 years since the visit of Indira Gandhi in 1981, the transformation in India’s engagement with this Gulf state has been quite extraordinary. 9. India has offered to supply its world’s lightest supersonic fighter jet Tejas to Egypt. Not only this but it has also offered to set up production facilities for the manufacturing of LCA and helicopters. The offer has been made in accordance with the Egyptian Air Force requirement of about 70 light combat fighter jets focusing on local production & technology transfer. 10. The US has revived an offer to cooperate with India on the development of jet engine technology which could be used to power India’s futuristic Advanced Medium Combat Aircraft (AMCA). General Electric (GE) of the US, one of the world’s leading manufacturers of jet engines, has submitted a proposal for the co-development of a 110 kn thrust engine with Indian agencies. < < Back