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.
More than 1.66 cr farmers are registered on e-NAM.
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.
Tourism Ministry: Prahlad Singh Patel.
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.
Investment limit for Individual: 1gm – 4 kg of gold.
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.
World likely to lose a collective $9tn output over 2 years:IMF.
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%.
Nomura expect GDP to contract 0.5%.
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.
Hindalco is now one of the world’s largest aluminium makers.
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.
Approximately 175 such fellowships are awarded every year.
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.
India to use the torpedoes on its P-8I aircraft.
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.
Apollo Tyres HO: Gurugram.
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).
Chairman of DRDO: G Satheesh Reddy.
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.
Prior to Novartis, she was with Cadbury India Ltd.
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.
AICTE Chairman: Anil Sahasrabudhe.
The 73rd Himachal Day was celebrated with gaiety and fervour in the state.The Governor greeted former Chief Ministers Virbhadra Singh, Shanta Kumar & Prem Kumar Dhumal on phone.The tiny hill-state developed rapidly after coming existence on April 15,1948.
Bandaru Dattatreya ,Governor of Himachal Pradesh.