Uday Kotak, MD & CEO Kotak Mahindra Bank assumed office as president of the Confederation of Indian Industry for the year 2020-21. Mr. Kotak takes over from Vikram Kirloskar, chairman and MD of Kirloskar Systems and vice-chairman of Toyota Kirloskar Motor.
Sanjiv Bajaj has taken over as the Vice – President of CII.
Twitter Inc appointed Patrick Pichette who had been Twitter's lead independent director since 2018 and a former CFO at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.
Patrick Pichette will replace Omid Kordestani.
State-owned fertiliser firm National Fertilizers Limited has given Virendra Nath Datt, former executive director at GAIL additional charge as chairman and managing director of the company. Datt has been director (marketing) of the firm since October 2018.
He was also a director on the Board of Mahanagar Gas Ltd, Mumbai
The cabinet gave its approval for setting up of an Empowered Group of Secretaries & Project Development Cells(PDCs) in Ministries/Departments for attracting investments. It aims to reinforce India’s vision of becoming a $5 trillion economy by 2024-2025.
It aims to make India a more investor-friendly nation.
Union Cabinet chaired by PM Narendra Modi had given its approval to rename Kolkata Port as Syama Prasad Mookerjee Port. The Kolkata Port is the first Major port as well as the only riverine port of the country. Syama Prasad was a politician & barrister.
He was the founder of Bharatiya Jana Sangh, predecessor to BJP.
Telecom Minister Ravi Shankar launched three incentive schemes - Production Linked Incentive, Component Manufacturing Scheme & Modified Electronics Manufacturing Clusters with a total outlay of about ₹48,000 crores to boost manufacturing of electronics.
Portals for three schemes released by IFCI, a public-sector NBFC
Aimed at optimal use of infrastructural facilities & resources, Union Cabinet gave its approval to re-establish Pharmacopoeia Commission for Indian Medicine & Homoeopathy as subordinate office under Ministry of AYUSH by merging the two central laboratories
The two laboratories were established at Ghaziabad since 1975.
The Union Cabinet has approved amendment to the six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, pulses, potatoes, oilseeds and onion. This move will transform the farm sector and help raise farmers’ income.
It was a part of the ₹ 20 crore package announced recently.
The Union Government has launched a new initiative SWADES- Skilled Workers Arrival Database for Employment Support to conduct a skill mapping exercise of the returning citizens under the Vande Bharat Mission. It is a joint initiative of MOSDAE, MoCA, MEA.
Union Minister of Skill Development: Mahendra Nath Pandey.
World Economic Forum will adopt a new twin-summit format for its next annual Davos meeting in Jan 2021, bringing together leaders from across the globe for in-person as well as virtual dialogues with a theme of 'The Great Reset'. It will the 51st meeting.
WEF Founder & Executive Chairman: Klaus Schwab.
Telangana CM K Chandrashekar Rao inaugurated a pump house in Siddipet district to lift Godavari water to a reservoir which is at a height of 618 meters from the source -Godavari river. This is to facilitate areas which did not have irrigation facilities.
The river and the reservoir are 200 kilometres away.
The COVID-19 pandemic is expected to have severe short and long term effects on economic growth, the World Bank said in its Global Economic Prospects (GEP) June 2020 report. According to the report 60 million people could be pushed into poverty this year.
Emerging Market & Developing Economies are especially vulnerable
With eight institutes in the top 100 India is the third most represented country in the Times Higher Education (THE) Asia University Ranking. Indian Institute of Science Bangalore retains its top position in the country by attaining the 36th spot globally.
Eight IITs have also been featured in the top 100.
Scientists at multiple CSIR laboratories have identified a coronavirus type that may be the second most prevalent in India and may comprise 3.5% of the genomes globally. The newly identified, that has been christened A3i, comprised 41% of those analysed.
The most dominant coronavirus clade in India is the A2a.
Hyundai Motor India Ltd (HMIL) introduced its upgraded online end-to-end automotive retail platform 'Click to Buy' with an investment of around $ 1 million (around 7.5 crores) curated to provide future retail experience to customers in the wake pandemic.
Mr. Seon Seob Kim is the MD & CEO of Hyundai Motor India Ltd.
Former Pakistan first-class cricketer Riaz Sheikh became the second professional player in the country to die because of suspected coronavirus. A leg-spinner who took 116 wickets in 43 first-class matches was at one time considered for national selection.
Zafar Sarfraz-first professional cricketer to die due to COVID.
Power and renewable energy minister R K Singh launched the pan-India real-time market (RTM) in electricity. RTM is an organized market platform to enable the buyers and sellers pan-India to meet their energy requirement closer to real-time of operation.
It makes India amongst a few markets in the world having it.
Expert committees constituted by the Ministry of Information and Broadcasting on rationalisation of film media units and review of autonomous bodies have recommended the creation of an umbrella body with four cells that will be headed by professionals.
Chairman of the Committee – Bimal Julka.
World Health Organisation launched ‘COVID-19 Technology Access Pool’ after at least 37 countries jointly appealed to the World Health Organisation for common ownership of vaccines, medicines and other diagnostic tools to combat the global health crisis.
WHO Director-General Dr Tedros Adhanom Ghebreyesus.
Transport Corporation of India Ltd truck drivers to receive an instant credit into their bank account, which they can then swipe at terminals or withdraw using ATMs. The solution has been set up under the aegis of National Payments Corporation of India.
DBS Bank Headquarters: Singapore.
Kritika Pandey has won the Commonwealth Short Story Prize for Asia 2020 which is awarded for the best unpublished short fiction. She won it for the book ‘The Great Indian Tee and Snakes’. It talks about love in an age of hatred and prejudice.
Pandey had been previously nominated for the Pushcart Prize.
Sports Minister Kiren Rijiju has launched the Khelo India Community Programme for 15,000 physical education teachers and coaches around the country. Community Coach Development is a 25-day programme. It aims to boost India to becoming a sporting nation.
Sports Ministry has collaborated with the Ministry of HRD.
Kerala CM, Pinarayi Vijayan has announced that Kerala Fibre Optic Network Project (K-FON) project that will provide free internet access to the poor will roll out by December 2020. This will bring internet connectivity to hospitals, schools and offices.
Kerala is the first state to India to implement the scheme.
