India received $51 billion in foreign investment in 2019. UN Conference on Trade and Development in its report said, it was the world's ninth largest recipient of FDI. In the developing Asia region, India was among the top five host economies for FDI.
FDI to India increased 20% to 51 billion US dollar.
The Institute of Management Development recently released the World Competitive Index. Singapore topped the list followed by Denmark and Switzerland. India ranked 43rd in the Index. Out of the 63 countries, Venezuela is at the bottom.
Among the BRICS countries, China topped followed by India.
The average temperature over India is projected to rise by 4.4 degrees Celsius, while the intensity of heat waves is likely to increase by 3-4 times by the end of the century, as per the ‘Assessment of Climate Change over Indian Region’ report.
Centre for Climate Change Research, Pune prepared the report.
India is to send its tri-services contingent of all 3 services namely army, navy & air force to Russia for the 1st time. Contingents will take part in Victory Day parade to be held in Moscow. Earlier, in 2015 the Indian Army alone took part in the parade.
Parade is held to mark the surrender of Nazi Germany in 1945.
Kyrgyz Prime Minister Mukhammedkalyi Abylgaziev has resigned, citing an ongoing criminal investigation into the assignment of national radio frequencies. He was appointed as prime minister by President Sooronbai Jeenbekov in April 2018.
Kyrgyzstan Capital- Bishkek, Currency- Kyrgyzstani Som.
Deccan Development Society, an NGO based in Hyderabad, has won the Prince Albert II of Monaco Foundation's Biodiversity Award. The society has won the award ‘in recognition of the work of DDS women to rehabilitate degraded lands & promote biodiversity’.
The award carries a cash prize of Rs 35 lakh.
Trustees of the Prime Minister’s Citizens Assistance and Relief in Emergency Situations (PM CARES) Fund, appointed ‘SARC & Associates, Chartered Accountants, New Delhi’ as the auditors for three years. Sunil Kumar Gupta heads the firm.
Firm was the auditor of PM’s National Relief Fund in 2019.
FM Nirmala Sitharaman said, the Public Sector Banks have disbursed Rs 16,031 crore to the States and Union Territories so far. She said, PSBs have sanctioned loans worth 32,049 crore rupees under the 100 per cent Emergency Credit Line Guarantee Scheme.
SBI made the maximum disbursements, Canara Bank is the 2nd.
Social Justice & Empowerment Minister, Thaawarchand Gehlot will inaugurate Composite Regional Centre in Ranchi through video conferencing amid COVID 19 pandemic. CRC will implement various schemes of Department of Empowerment of Persons with Disabilities.
Centre shall operate as an extended arm of SVNIRTAR, Cuttack.
In Manipur, State Chief Minister N. Biren Singh inaugurated three projects undertaken by State Public Health Engineering Department (PHED) through video conferencing from the Chief Minister’s Secretariat in Imphal.
NDB has sanctioned Rs. 3000 crores to provide potable water.
CBIC launched the e-Office application in over 500 CGST and Customs offices pan India. Over 50,000 officers and staff will use this application, making CBIC one of the largest Government departments to automate its internal office procedures.
CBIC Chairman M Ajit Kumar launched the application.
Airtel Payments Bank launched a new salary account for micro, small & medium enterprises. Called the Suraksha Salary account, it will enable MSMEs & other organisations to make cashless payments and provide a financial security blanket to their employees.
The account has no minimum balance condition.
Doctors in the Biomedical Engineering Department of North Eastern Hill University, Shillong have developed a tunnel sanitizer based automatic temperature controller device. People entering the tunnel are sprayed with an eco-friendly disinfectant solution.
It will disinfect bacterial spores, viruses, protozoa, & fungi.
The Grand Anicut Dam, on the Cauvery river was formally declared open by Tamil Nadu state ministers. The move is expected to ensure adequate availability of water for mitigating close to three and a half lakh hectares of farmland in the Delta region.
It is under the administrative jurisdiction of Thanjavoor dt.
Desertification and Drought Day, a United Nations observance day held on 17 June each year, will in 2020 focus on changing public attitudes to the leading driver of desertification and land degradation: humanity’s relentless production and consumption.
2020 Theme- ‘Food. Feed. Fibre’.
UP decided to adopt the scheme of Flatted Factory Model to ensure easy availability of land for industries, & in turn, generate employment. Policy will allow the owner of an industrial land of at least 5 acres to develop 1/4th of it as flatted factory.
Criteria: Minimum structure of 4 stores, including ground floor.
India has pledged to construct a Rs 2.3 Crores sanitation facility at the iconic Pashupatinath Temple complex to improve the infrastructure in the holy shrine. The project would be constructed under the Nepal-Bharat Maitri: Development Partnership.
Pashupatinath Temple is a UNESCO World Heritage site.
Great Wall Motor, the latest Chinese automaker to enter the Indian market, signed a memorandum of understanding with the Maharashtra government agreeing to invest in modernising its Talegaon manufacturing plant and generate employment for 3,000 people.
Parker Shi- Managing Director of GWM India.
Evariste Ndayishimiye will be sworn in as Burundi's newly elected president after the sudden death of the incumbent, Pierre Nkurunziza. Ndayishimiye, 52, is a former army general and Hutu rebel like his predecessor.
Burundi Capital- Gitega, Currency- Burundian franc.
After consultations with multinational companies, UP has set a nodal agency ‘Invest UP’ headed by the CM to streamline the state's investment approval & other procedures. This is the 1st time in UP that a special ministry has been set up for investment.
UP plans to clear investment related proposals within 15 days.
Under the Statutory Regulatory Order (SRO) 202, also known as J&K Special Recruitment Rules 2015, government appointees used to get only basic pay for the first 5 years. J&K government's decision to abolish the rule has been welcomed by various parties.
J&K Lieutenant Governor- G C Murmu.
IIT- Roorkee team has developed a new machine-learning algorithm that brings better accuracy in classifying a common type of brain tumours into low or high-grade categories, arming medical oncologists with better tools to offer more effective treatment.
Gliomas are brain tumours affecting glial cells.