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ADB and India Sign $451 Million Loan to Strengthen Power Connectivity

The Asian Development Bank (ADB) and Government of India signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu. ADB is the lead partner of the Government of India for developing […]

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Rajnath Singh has approved extending benefits of child care leave

Defence Acquisition Council approved weapons worth more than Rs.22,800 crore

The Defence Acquisition Council approved procurements worth more than Rs 22,800 crore for the defence services which includes airborne warning aircraft, anti-submarine P8i aircraft and thermal imaging sights for assault rifles. DAC approved the procurement of long range Anti-submarine Warfare P8i aircraft for the Navy. These aircraft would greatly strengthen the Navy’s capabilities for maritime

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Rajya Sabha passed Chit Funds (Amendment) Bill, 2019

The Parliament has passed the Chit Funds (Amendment) Bill, 2019. It will streamline operations of collective investment schemes or chit funds, with the aim to protect investors that primarily comprises economically weaker sections of the society. Chit funds are legal and registered and are different from ponzi schemes as well as unregulated deposits. Daily Current

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Saudi Arabia, UAE plan to make refinery in Maharashtra

A deal has been signed between Saudi Arabia’s state-run oil company Aramco and Indian public sector oil companies to build a $60-billion oil refinery in Maharashtra. Regarding the opportunities, India started with Aramco. It has taken a decision to build a refinery and it is a huge investment, it’s a commitment; waiting for the Government

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India is the fourth-largest emitter of Green House Gases

The United Nations Environment Programme (UNEP) released ‘Emissions Gap Report’, according to which India is the fourth-largest emitter of Green House Gases (GHGs). The world will fail to meet the 1.5°C temperature goal of the Paris Agreement unless global greenhouse gas emissions fall by 7.6 per cent each year. The top four emitters (China, USA,

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International Centre for Automotive Technology is organizing a NuGen Mobility Summit, 2019

The International Centre for Automotive Technology (ICAT) is organizing a NuGen Mobility Summit, 2019, at Manesar, NCR, from 27th to 29th November 2019. The objective of the Summit is to share new ideas, learnings, global experiences, innovations and future technology trends for faster adoption, assimilation and development of advanced automotive technologies for a smarter and

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Government increase authorised capital of FCI to Rs 10,000 crore

Cabinet Committee approved to increase the authorized capital of Food Corporation of India (FCI) to Rs.10,000 crore from Rs.3,500 crore. With the increase of authorized capital, additional equity capital can be infused in FCI through union budget, to fund the food grains stock, perpetually held by FCI. This will reduce the borrowings of FCI, save

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Assam bans gutkha, pan masala for a year

The Assam government has banned the gutka, pan masala and chewing materials containing tobacco and nicotine for a period of one year in the state under Clause (A) of Sub-Section 2 of Section 30 of the Food Safety & Security Act, 2006. The prohibition has been made under the regulations of 2, 3 and 4

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Indian Army inducted anti-tank guided missiles Spike along the LoC

The Indian Army has inducted anti-tank guided missiles (ATGMS) Spike along the LoC in northern command theatre in Jammu and Kashmir to bolster defence along the country’s border with Pakistan. This ATGMS are made in Israel which are known as the “fire and forget” missiles. The Spike ATGMs are portable by men and are powerful

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New snake species – Trachischium apteii found in Arunachal

A non-venomous burrowing new species of snake has been found in Arunachal Pradesh which name is Trachischium apteii. It was found under fallen logs inside a thickly forested area of the Tally Valley Wildlife Sanctuary near the town of Ziro in Arunachal Pradesh during a field expedition by researchers in July 2019. Daily Current Affairs

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