Daily News

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e-NAM completes four years of implementation

The pan-India Agriculture trading portal e-NAM completes four years of implementation. It helps to realise the vision of One Nation One Market for Agri produces. E-NAM is expanded to cover 415 mandis. It was launched by PM Narendra Modi.

Did you Know

More than 1.66 cr farmers are registered on e-NAM.

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“DekhoApnaDesh” webinar series to provide information on many destinations and culture and heritage of Incredible India

Tourism Ministry launched DekhoApnaDesh webinar series to provide information on the cultural & heritage sites. The first webinar was about Delhi titled City of Cities-Delhi’s Personal Diary. It is to be available on social handles of the Ministry.

Did you Know

Tourism Ministry: Prahlad Singh Patel.

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Govt launches Sovereign Gold Bonds Scheme 2020-21

The GoI in consultation with RBI will launch Sovereign Gold Bond Scheme. The bonds will be issued in six tranches. The bonds will be sold through Scheduled Commercial banks (except SFBs & Payments Bank), SHCIL, BSE, NSE. Bond period - 8 years.

Did you Know

Investment limit for Individual: 1gm – 4 kg of gold.

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IMF slashes FY21 India growth forecast to 1.9% from 5.8%; warns of global recession

IMF cut its India’s growth forecast to 1.9% for FY21 from 5.8% projected earlier and predicted a 3% contraction for global GDP warning that the global economy has plunged into the worst recession since the Great Depression.

Did you Know

World likely to lose a collective $9tn output over 2 years:IMF.

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Barclays pegs lockdown’s economic cost at $234bn; sees no growth for ‘20

Barclays pegged the economic cost of the lockdown at $234.4bn (8.1% of the GDP). It also revised its GDP projection for CY 2020 to 0 from 2.5% earlier and 0.8% for FY 21 from 3.5% earlier. Growth for CY21 has been projected at 7.5%.

Did you Know

Nomura expect GDP to contract 0.5%.

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Hindalco closes $2.8bn acquisition of Aleris Group

K M Birla’s Hindalco Industries completed the acquisition of Aluminium rolled products maker Aleris Group through its subsidiary Novelis Inc. The enterprise value of the deal is $2.8billion.

Did you Know

Hindalco is now one of the world’s largest aluminium makers.

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Four Indian – Americans awarded 2020 Guggenheim fellowships

4 Indian Americans have been awarded the prestigious US fellowship for their accomplishments & exceptional promise. Pradeep Sharma; Kavita Ramanan; Dilip Da Cunha & Mukul Sharma were awarded the 2020 Guggenheim fellowships. The size of the grant varies.

Did you Know

Approximately 175 such fellowships are awarded every year.

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US approves sale of missile; torpedoes worth $155 million to India

The Trump administration notified its determination to sell Harpoon air-launched missiles and lightweight torpedoes worth USD 155 million to India. Harpoon Missile – UDS 92 million manufactured by Boeing and Torpedoes – USD 63 million by Raytheon.

Did you Know

India to use the torpedoes on its P-8I aircraft.

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CCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited

The Proposed combination envisages subscription by Emerald Sage Investment Limited to 10.80 cr constituting approx. 9.93% shares of Apollo Tyres Limited. Emerald is investment holding company under Mauritius. Apollo manufactures and sells automotive tyres.

Did you Know

Apollo Tyres HO: Gurugram.

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DRDO develops COVID-19 sample collection kiosk ‘COVSACK’

COVSACK – COVID Sample Collection Kiosk helps health workers to collect samples from patients without PPE kits. It is developed by DRDO & doctors of ESIC. DRDO also developed Personal Sanitation Enclosure (PSE) & Full Face Mask (FFM).

Did you Know

Chairman of DRDO: G Satheesh Reddy.

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Monaz Noble joins Godrej Industries as Independent Director

Diversified Conglomerate Godrej Industries announced the appointment of Monaz Noble as Non-Executive Director for 5 years. Noble is the Chief Financial Officer at Novartis Global Service Centre in Hyderabad.

Did you Know

Prior to Novartis, she was with Cadbury India Ltd.

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AICTE launches e-learning portal ‘ELIS’

In order to foster digital learning, AICTE launched Enhancement in Learning with Improvement in Skills (ELIS) portal. The e-learning content consists of 26 different courses with the help of 18 leading Ed-tech companies.

Did you Know

AICTE Chairman: Anil Sahasrabudhe.