Daily News

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FM announces second tranche of economic stimulus for farmers, migrant workers, traders

FM Nirmala Sitharaman unveiled the second tranche of relief measures to help small farmers, migrant workers, small traders and self-employed people under the Atma-Nirbhar Bharat, Self-reliant India campaign. It is expected to benefit 8 cr. migrant workers.

Did you Know

One Nation One Ration Card to be fully operational by Mar 2021.

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2% interest subvention on smallest category of MUDRA-Shishu loans

FM announced Rs 1500 crore interest subvention for MUDRA-Shishu loan payees of up to Rs 50,000, for a period of 12 months as part of the stimulus package given by the Centre. Government to provide interest subvention of 2% for prompt payees of the loan.

Did you Know

This could cost the government at least Rs 1500 crore annually.

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Centre sets up new body to promote rice exports

To give further impetus to rice exports, Centre has set up a new body, Rice Export Promotion Forum (REPF), under Agricultural and Processed Foods Export Promotion Development Authority (Apeda). Rice is the largest commodity in India’s Agri-export basket.

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Chairman of Apeda: Paban K.Borthakur.

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Dr Harsh Vardhan participates in 32nd Commonwealth Health Ministers’ meeting via VC

Health Minister participated in the 32nd Commonwealth Health Ministers’ Meeting through VC. He highlighted the pro-active measures taken by India towards COVID-19 management. The theme was “Delivering a co-ordinated Commonwealth COVID-19 response”.

Did you Know

There are 54 member countries in the commonwealth.

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EAM Jaishankar participates in SCO video conference on COVID-19

External Affairs Minister S. Jaishankar participated in a virtual conference of Foreign Ministers Shanghai Cooperation Organisation (SCO) hosted by Russia. Member states insisted on the collective action against the terrorism and the security challenges.

Did you Know

Secretary-General of SCO – Vladimir Norov.

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Deforestation rate globally declined between 2015 and 2020: FAO report

The rate of forest loss in 2015-2020 declined to an estimated 10 million hectares (MHA), down from 12 MHA in 2010-2015, according to Global Forest Resources Assessment 2020 (FRA). It was released by the United Nations Food and Agriculture Organization.

Did you Know

World’s total forest area-4.06 bha–31% of the total land area.

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Ericsson Educate: digital learning program for students launched

Ericsson joined the UNESCO-led Global Education Coalition & launched its latest Connect to Learn initiative, Ericsson Educate a digital program delivering online learning content focused on improving digital skills for students in schools and universities.

Did you Know

UNESCO Headquarters: Paris, France.

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Gujarat govt forms six-member committee to revive post-CoVID economy

Gujarat, the most Industrialised state in India, has set up a six-member committee of experts to deliberate on economic revival measures, including fiscal restructuring, in the post-COVID-19 pandemic scenario and provide comprehensive suggestions.

Did you Know

Committee is headed by former finance secretary, Hasmukh Adhia.

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Gujarat CM announces Atma-Nirbhar Gujarat Sahay Yojana

Gujarat announced Atma-Nirbhar Gujarat Sahay Yojana, a scheme for small shop keepers and self-employed hit by the lockdown. Under the scheme, one lakh rupees collateral-free loan will be given at two per cent for the beneficiaries for three years.

Did you Know

Over 10 lakh self-employed & shop keepers to be benefited.

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West Bengal govt launches Matir Smristi scheme

The West Bengal government launched Matir Smristi scheme to utilise 50,000 acres of barren land in six districts for income-generating activities like horticulture and pisciculture. The scheme will benefit around 2.5 lakh people in rural Bengal.

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Governor of West Bengal: Jagdeep Dhankhar.

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RBI extends interest subsidy scheme for exporters till March 31, 2021

Exporters get the subsidy under the 'Interest Equalisation Scheme for pre and Post Shipment Rupee Export Credit’, a scheme announced in November 2018 & this applies to all exports to the MSME sector. It has been extended till March 31, 2021.

Did you Know

Federation of Indian Export Organisations (FIEO) DG–Ajay Sahai.

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India to grow at 1.2% in CY20, global GDP to shrink by 3.2% : UN

In the World Economic Situation and Prospects released by UN, it had slashed India’s projected growth rate to 1.2% in 2020 and forecast that the global economy will contract sharply by 3.2% unleashing a recession unseen since the Great Depression of 1930s.

Did you Know

UN Secretary-General: Antonio Guterres.

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NIT Kurukshetra Implements Enterprises Resource Planning (ERP), SAMARTH

SAMARTH is an Open Standard Open Source Architecture, Secure, Scalable and Evolutionary Process Automation Engine for Universities and Higher Educational Institutions. It caters to faculty, students and staff at University/Higher Educational Institutions.

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SAMARTH has now been implemented at NIT, Kurukshetra in Haryana.

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Federal Bank, MoneyGram tie up for direct-to-bank account credit service

MoneyGram Payment Systems has tied up with Federal Bank to offer a cost-effective direct-to-bank account credit option for customers. Through this partnership, customers can receive deposits directly in their bank accounts without leaving their homes.

Did you Know

Federal Bank has over 15% share of country’s remittance market.

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Vice Admiral GM Hiranandani rolling trophy awarded in Kochi

Lieutenant commander Akshay Kumar of Anti-Submarine Warfare School of Southern Naval Command (SNC) at Kochi was awarded the coveted Vice Admiral GM Hiranandani Memorial Rolling Award for the year 2020. The trophy was instituted in the year 2013.

Did you Know

Chief of the Indian Naval Staff – Admiral Karambir Singh.

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Roberto Azevedo quits as WTO chief a year early

The Head of the World Trade Organization (WTO) Roberto Azevedo, a former diplomat from Brazil, has decided to resign, a year before his term expires. He has been the Director-General of WTO since September 2013 and will step down on August 31st.

Did you Know

WTO’s function is to help negotiate multilateral trade deals.

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Kerala launches portal for non-residents to book cabs for home

Kerala Tourism launched an online platform to enable non-residents Keralites to book vehicles of tour operators to travel back to the state. Keralites stranded in other parts of the country can submit enquiries through the department's website.

Did you Know

Kerala CM: Pinarayi Vijayan. Governor: Arif Mohammad Khan.

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Tencent launches video conferencing app VooV Meeting in India

China’s Tencent launched VooV Meeting, a Zoom-like video conferencing platform with advanced features across Apple App Store and Google Play in more than 100 countries. The app allows attendees a duration per meeting of 9999 minutes without any charges.

Did you Know

The platform supports up to 25 attendees at a time.

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Professional sumo wrestler Shobushi dies at 28 after contracting Covid-19

The Japan Sumo Association (JSA) confirmed the death of wrestler as Shobushi, whose real name was Kiyotaka Suetake. He is reported to have been the first sumo wrestler to die from the virus, and the first person in his 20s to die in Japan from Covid-19.

Did you Know

Japan Sumo Association (JSA) chairman: Hakkaku.

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International Day of Families: May 15

The International Day of Families provides an opportunity to promote awareness of issues relating to families and to increase the knowledge of the social, economic processes affecting families. Theme -"Families in Development: Copenhagen & Beijing + 25".

Did you Know

UN Secretary General - Antonio Guterres.

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Intel introduces 10th Gen Intel Core vPro processors for business solutions

Intel introduced its 10th Gen Intel Core vPro processors as part of the next Gen lineup of business computing innovation- for the increasingly remote workforce.Launch includes 9 Intel Core mobile,11 Intel Core desktop & 7 Intel Xeon workstation processors.

Did you Know

Intel CEO : Bob Swan.

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Apple Buys Virtual-Reality Streaming Upstart NextVR

Apple Inc. has acquired virtual-reality streaming company NextVR Inc., a signal of the tech giant’s continued ambitions in virtual- and augmented-reality technologies. Acquisition was expected to come in at around $100 million.

Did you Know

Apple CEO: Tim Cook.

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National Endangered Species Day on May 15th, 2020

Endangered Species Day is an opportunity for people of all ages to celebrate and learn about endangered species and how to protect them. Due to the global coronavirus crisis.

Did you Know

It is observed on third Friday of May annually.