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SBI inks MoU with NIIF to boost capital availability

State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets, according to the joint statement issued by […]

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Japan resumed commercial whaling for the first time in more than 30 years

The whaling ships have a permit to catch 227 minke, Bryde’s and sei whales this year in Japanese waters. Japan’s last commercial hunt was in 1986, but it has continued whaling for what it says are research purposes. It has now withdrawn from the International Whaling Commission (IWC) so is no longer subject to its

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IIT Madras creates database to improve efficiency of infrastructure development in India

The Indian Institute of Technology (IIT) Madras has launched a Data Platform of ‘Integrated Database on Infrastructure Projects’ (IDIP) aimed at enhancing the efficiency of infrastructure development in India and enable effective decision-making among different stakeholders involved in the infrastructure sector.India’s infrastructure network is among the largest in the world. The Government of India along

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ADB to provide USD 350mn loan for Chhattisgarh road improvement project

The Asian Development Bank (ADB) has approved USD 350 million loan for road project in the state of Chhattisgarh. The loan has been sanctioned to rehabilitate and upgrade state highways and major district roads in the state, which will improve connectivity and access basic services and livelihood opportunities. The total cost of the project is

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India, US, Japan and Australia for ASEAN-Led Architecture Mechanism for Indo-Pacific region

India, the US, Australia and Japan collectively came out in strong support of an ASEAN-led mechanism in the regional architecture for Indo-Pacific region. Senior officials of the four countries, at a meeting in Bangkok, also reaffirmed the commitment towards a free, open, prosperous and inclusive Indo-Pacific Region based on shared values and principles, the external

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NALCO To Get President’s Award For Excellent CSR

National Aluminium Company Limited (NALCO), the Navratna CPSE under Ministry of Mines, Govt. of India, has been selected for the prestigious President’s Award for Excellent CSR. It may be mentioned that the Corporate Affairs Department, Govt of India, has selected NALCO for this award at the national level for introducing and implementing schemes like Nalco

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Pravin Kumar Purwar has been appointed as the new Chairman-Managing Director (CMD) of BSNL

Pravin Kumar Purwar has been appointed as the new Chairman-Managing Director (CMD) of BSNL, reports the Economic Times. Current CMD Anupam Shrivastava’s term and tenure will end in June this year, from when Purwar will take over. Shrivastava was appointed as CMD in January 2015. In 2014, the Appointments Committee of the Cabinet (ACC) appointed

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Telecom Ministry forms committee under telecom Secretary Aruna Sundararajanto

Acknowledging that country’s telecom industry was under financial stress, Union Telecom Minister Ravi Shankar Prasad had constituted a committee chaired by Telecom Secretary Aruna Sundararajan to spell out revival plans for Telecom sector. About Aruna Sundararajan Committee Background: As the Indian telecom sector is under stress for a long time Union Minister has decided to

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Max Verstappen wins thriller after late pass on Charles Leclerc

The win was only confirmed three hours after the race finished following an investigation into whether Verstappen unfairly ran Leclerc off the track. Ferrari’s Leclerc seemed in control of the race after Verstappen made a bad start to drop from second to seventh. But Red Bull pitted Verstappen 10 laps later than Leclerc and Verstappen

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Five-year vision plan ‘Education Quality Upgradation and Inclusion Programme (EQUIP)’ finalised and released by HRD Ministry

In accordance with the decision of the Prime Minister for finalizing a five-year vision plan for each Ministry, the Department of Higher Education of HRD Ministry has finalized and released a five-year vision plan named Education Quality Upgradation and Inclusion Programme (EQUIP). This report has been prepared after a detailed exercise done by the Experts

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