Daily News

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Arjun Munda launches tribes India products on GeM and new website of TRIFED

Union Minister of Tribal Affairs Arjun Munda launched through a video conference the tribes India products on Government e-Marketplace - GeM and a new website of TRIFED. TRIBES India store on Govt eMarketplace will help in facilitating purchases by govt.

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Govt e-Marketplace portal was launched in 2016

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PhonePe launches UPI handle in partnership with ICICI Bank

PhonePe has officially launched ‘@ibl’ handle in partnership with ICICI Bank as part of an effort to diversify into a multi-bank partnership model.

The Flipkart-backed payments player had started with Yes Bank and was offering the '@ybl' handle.

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Launched in April 2016, UPI was developed by NPCI

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SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme

SBI has sanctioned loans worth Rs 20,000 crore to over 400,000 micro, small and medium enterprise (MSME) accounts under the Emergency Credit Line Guarantee Scheme (ECLGS). It is part of the Rs 20 trillion package crafted to revive the economy

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SBI chairman Rajnish Kumar; HQ: Mumbai

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RBI extends enhanced borrowing limit to banks under MSF till Sept 30

Reserve Bank has decided to extend the enhanced borrowing facility provided to the banks to meet their liquidity shortages till September 30. RBI, as a temporary measure, had increased the borrowing limit of scheduled banks under MSF from 2% to 3% of NDTL

Did you Know

Under MSF, banks borrow overnight funds by dipping in their SLR

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26.9 crore people used drugs in 2018: UNODC World Drug Report

About 26.9 crore people used drugs in 2018, which was 30% more than the 2009 figure, with adolescents and young adults accounting for the largest share of users, according to the latest United Nations Office on Drugs and Crime (UNODC) World Drug Report.

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UNODC Founded: 1997; HQ: Vienna, Austria

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Govt offers filing of NIL GST statement in form GSTR-1 through SMS

In an effort to ease the GST compliance for over 12 lakh registered taxpayers, the government has provided the facility of filing the NIL statement of GSTR-1 form through SMS, from July 2020 to improve ease of GST compliance, according to Finance Ministry

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Union Finance Minister: N. Sitharaman; MoS: Anurag Thakur

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Maharashtra: State gives nod for automatic, accelerated permission to FDI of Rs 50 crore & above

Maharashtra State Officials from the Industries department said state has decided to provide ‘Maha Parwana’ - automatic or accelerated permissions to industries through a single-window system within 48 hours after receiving the complete application.

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Governor: Bhagat Singh Koshyari; CM: Uddhav Thackeray.

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Vini Mahajan appointed first female chief secretary of Punjab

Punjab has appointed Vini Mahajan, a 1987-batch IAS officer, as the new chief secretary of Punjab. She replaces 1984-batch IAS officer Karan Avtar Singh, who recently had a face-off with Punjab ministers. Singh, who is due to retire on August 31.

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Punjab CM: Amarinder Singh; Governor: V. P. Singh Badnore.

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Indian economic growth may contract 5% this year: S&P

In its report titled 'Asia-Pacific losses near USD 3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3% in 2020, but grow by 6.9% in 2021.This implies a loss nearing USD 3 trillion output over these 2 years.

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S&P Global Ratings HQ: New York, USA.

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HUL completes acquisition of female hygiene brand VWash from Glenmark

Leading FMCG player Hindustan Unilever (HUL) said it has completed the acquisition of VWash from pharma major Glenmark Pharmaceuticals. VWash was launched by Glenmark in 2013. HUL has acquired intellectual property rights including trademarks.

Did you Know

World Intellectual Property Organization HQ: Geneva,Switzerland.

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Carrier Midea India appoints Sanjay Mahajan as MD

Carrier Midea India, a joint venture between Carrier and Midea, has appointed Sanjay Mahajan as Managing Director. Estd in February 2012, CMI has developed a strong industry position in the India residential air-conditioning segment.

Did you Know

1st modern air conditioner invented in 1902 by Willis H Carrier.

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Vince Carter 'officially done' after 22 years in NBA

Vince Carter made his retirement official , announcing on his podcast that his 22-year NBA career, the longest in league history, has come to an end. Carter won the NBA Rookie of the Year Award in 1999.He started his career with Toronto in 1998.

Did you Know

NBA Commissioner -Adam Silver.

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NASA renames Washington HQ after Mary Jackson

Nasa is to name its headquarters in Washington DC after its first black female engineer, Mary Jackson. Nasa administrator Jim Bridenstine said Jackson had helped to break down barriers for African Americans and women in engineering and technology.

Did you Know

She was posthumously awarded the Congressional Gold Medal.