To provide private sector defence and aerospace companies affordable facilities to test and validate weaponry they are designing, Union Defence Minister Rajnath Singh approved a Defence Testing Infrastructure Scheme (DTIS) with an outlay of Rs 400 crore.
Each project to receive 75% of its cost as government funding.
FM outlined structural reforms with focus on seven areas of MNREGA, Health and Education, Business during CoVID, Decriminalisation of Company Act, Ease of doing business, Policy related to Public Sector Units, State government and resources related to it.
An additional Rs 40,000 crore will be allocated under MNREGA.
Union HRD Minister Shri Ramesh Pokhriyal ‘Nishank’ Launched print as well as e-editions of the set of seven titles on "Psycho-Social impact of pandemic & lockdown and how to Cope With" under the corona studies series published by National Book Trust India.
Director of National Book Trust of India - Shri Yuvrak Malik.
India’s ultra-mega solar parks have attracted foreign capital and provided investors with an opportunity to join a $500-700 billion renewable energy and grid infrastructure investment boom in the coming decade, according to the latest report by IEEFA.
Govt set target to install 175 GW of renewable energy by FY22.
In Madhya Pradesh, in a first of its kind of initiative, Charan Paduka campaign has been started for the migrant labourers passing through the state. Under this, migrant labourers going barefoot are providing shoes and slippers to reduce their pain.
This campaign is being conducted by the police in most places.
The government of India, West Bengal government and the Asian Infrastructure Investment Bank inked a loan agreement for a $145 million project to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal.
Total value - $413.8 million financed by AIIB, IBRD & WB Govt.
NABARD has sanctioned Rs 1,500 cr for Punjab to ensure continuous credit flow to farmers, through state cooperative banks. This is part of NABARD's Rs 25,000 crore nationwide SLF, made available ensure the flow of credit to farmers during the pandemic.
Chairperson of NABARD - Harsh Kumar Bhanwala.
The Jammu and Kashmir administration approved the appointment of senior vice president of HDFC Bank Zubair Iqbal as its new managing director. R K Chibber will continue as the bank's chairman for the next three years. Iqbal will have a three-year tenure.
Headquarters of Jammu & Kashmir Bank: Srinagar.
FMCG major Godrej Consumer Products Ltd (GCPL) announced the acquisition of the balance 25% stake in Kenya-based Canon Chemicals Ltd for an undisclosed sum. Through this transaction, Canon Chemicals would now be a wholly-owned subsidiary of the company.
Godrej Group firm had earlier acquired 75% stake in the company.
General Atlantic, a leading global growth equity firm, has agreed to invest ₹6598.38 crores in Jio Platforms Ltd for a 1.34% stake, valuing the company at ₹5.16 lakh crore. With this Jio Platforms raised ₹67194.75 crores from leading technology investors.
Bill Ford - CEO of General Atlantic. HQ: New York, USA.
CSIR is working with Intel India and IIIT - Hyderabad to help achieve faster and less expensive COVID-19 testing and coronavirus genome sequencing to understand the epidemiology and AI-based risk stratification for patients with co-morbidities.
Intel Headquarters: California, USA.
An eyewitness account of events as they unfolded in Wuhan is now available as an e-book. The book called ‘Wuhan Diary: Dispatches from a Quarantined City’ is a compilation of online diary entries and social media posts by Chinese Literary writer Fang Fang.
It captures the challenges of daily life of being quarantined.
International Museum Day is observed on May 18 every year to raise awareness among people about the museums. Museums are an important means of cultural exchange and development of mutual understanding, cooperation and peace among people.
Theme for 2020 - Museums for Equality: Diversity and Inclusion.