Daily News

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World Statistics Day: 20th October

Started in 2010, on October 20, the United Nation's World Statistics Day is celebrated at an interval of every five years. World Statistics Day is a global collaborative endeavour, organized under the guidance of the United Nations Statistical Commission.

Did you Know

2020 Theme: "Connecting the world with data we can trust."

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Agriculture Minister launches AYUSHMAN SAHAKAR scheme

Narendra Singh Tomar has launched AYUSHMAN SAHAKAR scheme. Scheme is a unique way to assist cooperatives to play an important role in creation of healthcare infrastructure in the country. AYUSHMAN SAHAKAR scheme has been formulated by the NCDC

Did you Know

National Cooperative Development Corp. Founded: 13 March 1963

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India successfully test-fires SANT missile with ‘Lock-on After Launch’ & ‘Lock-on Before Launch’ capabilities

India test-fired the Stand-off Anti-tank (SANT) missile off the coast of Odisha. Defence Research and Development Organisation is developing the missile for Indian Air Force and it will have both Lock-on After Launch and Lock-on Before Launch capabilities.

Did you Know

Chief of the Air Staff: Rakesh Kumar Singh Bhadauria.

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Nitin Gadkari to lay foundation stone for country’s first-ever multi-modal logistic park in Assam

Union Minister Nitin Gadkari virtually laid the foundation stone for India's 1st multi-modal logistics park in Assam to be constructed at an estimated cost of ₹694cr. Park will provide direct connectivity through air, road, rail, and waterways to people.

Did you Know

Park will be developed under the ambitious Bharatmala Pariyojna.

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GOI, ADB inks $177mn loan pact to upgrade 450kms of state highways & major district roads in Maharashtra

Asian Development Bank and GoI signed a $177mn loan to upgrade 450km of state highways and major district roads in Maharashtra. Project will upgrade two major district roads and 11 state highways to two-lane standard across seven districts of Maharashtra.

Did you Know

ADB HQs: Mandaluyong, Philippines;
President: Masatsugu Asakawa.

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India successfully testfires Prithvi-2 ballistic missile

India successfully test-fired the over 250 km strike range Prithvi-2 ballistic missile off the coast of Balasore, Odisha. The DRDO-developed Missile is already the part of the Strategic Forces Command, which is the custodian of India's nuclear arsenal.

Did you Know

Prithvi was India's 1st indigenously developed ballistic missile

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Tech Mahindra signs agreement to form joint venture with Sumitomo Corp

IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector. Both companies will hold an equal stake in the joint venture.

Did you Know

Tech Mahindra Ltd Founder: Anand Mahindra;
Founded: 1986.

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NITI Aayog to establish Frontier Technologies Cloud Innovation Centre with AWS

First of its kind in India, NITI Aayog announced the establishment of a Frontier Technologies Cloud Innovation Centre with Amazon Web Services. It will help in piloting state-of-the-art, cloud-centric digital innovations by leveraging emerging technologies

Did you Know

NITI Aayog Formed: 1 January 2015;
CEO: Amitabh Kant.

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Indian spends 3.5% of average daily income on food: UN WFP’s Report

According to "Cost of a Plate of Food" report released by UN’s WFP, on average, an Indian spends 3.5% of his daily income for a plate of food as compared to 0.6% by a New Yorker. India stands at 28th position out of 36 countries as per % of money.

Did you Know

Most expensive plate of food is of South Sudan

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Canara HSBC OBC Life Insurance Launches Invest 4G plan with multiple saving options, protection cover

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new Unit Linked insurance plan titled ‘Invest 4G’. It is an individual life insurance savings plan which can be customized as per the goals and changing requirements of the individual.

Did you Know

It offers 3 options: Life Option, Care Option & Century Option

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Nabard’s NABSAMRUDDHI Finance does its first pooled loan issuance for NBFCs with Northern Arc

Northern Arc Capital has executed Pooled Loan Issuance of ₹50cr with NABSAMRUDDHI Finance for 5 NBFCs: Satya Microcapital, Sonata Microfinance, Kinara Capital, IntelleGrow and Berar Finance to provide credit facilities to individuals & small business.

Did you Know

NABARD Founded: 12 July 1982

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FSSAI’s new food safety compliance platform to become operational across India from November

Food regulator FSSAI’s Food Safety Compliance System will become operational in the entire country from November 1. The system is operational in 9 States/UTs: Tamil Nadu, Delhi, Gujarat, Odisha, Chandigarh, Goa, Manipur, Puducherry and Ladakh since June.

Did you Know

FSSAI Founded: August 2011;
HQs: New Delhi.

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Bihar Minister Kapil Dev Kamat passes away

Prominent Janata Dal-United leader Kapil Dev Kamat, Minister of Panchayati Raj, passed away. He was 69. Before joining the JD-U, he was in the Congress party where he became a convenor in 1990 when Jagannath Mishra was the Chief Minister of Bihar.

Did you Know

Bihar Governor: Phagu Chauhan;
Capital: Patna;
CM: Nitish Kumar.

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Bengali elocutionist Pradip Ghosh passes away

Veteran Bengali elocutionist Pradip Ghosh who gave a new dimension to the recitation of famous poet Rabindranath Tagore passed away at the age of 78. He was a pioneer in popularising the recitation of poetry in public.

Did you Know

Ghosh was the recipient of Kazi Sabyasachi Puraskar in 2017.

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BSE signs MoU with Telangana Govt and GlobalLinker to help MSMEs in raising equity funds

Bombay Stock Exchange has signed an MoU with Telangana and GlobalLinker to address vital challenge of access to finance & increasing credibility of MSME. BSE will provide intellectual & manpower support to create awareness about the benefits of listing.

Did you Know

Established in 1875, BSE is Asia's oldest stock exchange.

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India takes up cultivation of Heeng for the first time

The CSIR-Institute of Himalayan Bioresource Technology has started the cultivation of asafoetida (Heeng) for the first time in India. The first seedling of the spice was planted at a farmer's field in Kwaring village of Lahaul valley in Himachal Pradesh.

Did you Know

India imports about 1200 tonnes of raw asafoetida annually

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Bank of Baroda enters into an MoU with Mahindra & Mahindra for Tractor Finance

To push agriculture finance, Bank of Baroda has entered into a pact with Mahindra & Mahindra for tractor finance business. MoU will give a boost to agri business and will help farmers in availing hassle-free credit facilities for buying tractors.

Did you Know

BOB HQs: Alkapuri, Vadodara;
Founder: Sayajirao Gaekwad III.

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Finance Minister holds 4th review meeting on CAPEX of CPSEs

Union Minister for Finance & Corporate Affairs held Video Conference with Secretaries of Ministries of Petroleum & Natural Gas & M/o Coal, along with CMDs of 14 CPSEs belonging to Ministries, to review capital expenditure (CAPEX) in this financial year.

Did you Know

In FY 2019-20 CAPEX target: ₹1,11,672cr.;
Achieved: ₹1,16,323cr.

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Australia will join naval drills involving India, U.S., Japan

Australia will join 3-way naval exercises involving US, Japan & India. India, holds annual drills called Malabar with the U.S. & Japanese navies each year, agreed to invite Australia for exercise in Bay of Bengal in a sign of co-op. between Quad countries.

Did you Know

The Malabar series of Naval exercises was started in 1992.

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9th Session of India-Oman Joint Commission Virtual Meeting held

9th Session of the India-Oman Joint Commission Meeting was held virtually. It was co-chaired by Hardeep Singh Puri & Qais bin Mohammed of Oman. The meeting was attended by representatives of various government departments/ministries from both sides.

Did you Know

Capital: Muscat;
Currency: Omani rial.