Canada Pension Plan Investment Board (CPPIB), which manages Canada’s national pension fund, sees India as its main focus for investment in Asia & has invested nearly C$7 billion ($5.30 billion) in India since entering the market a decade ago.
CPPIB currently owns shares in ITC Ltd., HUL & BIL
Axis Mutual Fund is looking to raise about ₹1,500 crore through the new fund offer (NFO) of Axis Equity Hybrid Fund. The fund will invest between 65 and 80% in equity and equity-related instruments, and the rest in debt and money market instruments.
Axis MF’s MD and CEO: Chandresh Kumar Nigam
Health insurance scheme Ayushman Bharat- National Health Protection Mission (AB-NHPM) may cost exchequer around Rs 5,000 crore this year because of the time taken to rollout. Scheme will cost Rs 10,000 crore when its rolled out across India next year.
AB-NHPM aims to provide cover of Rs 5 lakh per family per year.
Allcargo Logistics Ltd. to set up a warehousing-cum-logistics park in Chennai. Deal would be finalised over the next 6 months. The total cost is pegged at ₹150 crore. The container freight station at Chennai handles about 10% of the company’s import volume
Allcargo Headquarter: Mumbai
Founder: Shashi Kiran Shetty
German auto major Volkswagen (VW) Group is planning to expand production capacity and set up a design centre in Chakan near Pune. VW would be investing ₹8,000 crore, in phases, in the design centre, development of new models and other activities.
Volkswagen CEO: Herbert Diess Hq: Wolfsburg, Germany
Home Ministry has asked schools to start a project on tolerance, moral values, patience and ethics. Programme designed for students of Class VIII & IX, is aimed at making them better citizens. Rajnath Singh will launch Student Police Cadet (SPC) programme.
Programme launched nationally from Tau Devi Lal Stadium Gurgaon
RBI said dealing in cryptocurrency encourage illegal transactions. Cryptocurrencies - stateless digital currency in which encryption techniques are used for trading & these currencies operate independently.
RBI Governor: Urjit Patel
Headquarters: Mumbai
India will sign a defence framework agreement with Rwanda during PM’s visit to Kigali as a part of his 5-day tour to Uganda & S. Africa to attend the annual BRICS summit, from July 23-27. PM is also expected to gift 200 cows to a model village in Rweru.
Jim O’Neill Chief Economist- Goldman Sachs coined acronym BRICS
West Bengal has finally decided to come on board PMs pet project Ayushman Bharat - National Health Protection Mission (AB-NHPM). West Bengal will be the 26th state to join AB-NHPM popularly called as Modicare.
WB- health insurance scheme called Swasthya Sathi (2016)
Galle stadium could be demolished because its pavilion stand violates heritage laws protecting a 17th century Dutch fort. Fort risks losing UNESCO World Heritage status because of unauthorised construction. Galle pavilion was built in 2008.
Dutch fort was initially built by the Portuguese in 1505