Daily News

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India and the US sign MoU on Intellectual Property cooperation

Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry signed the MoU with US Patent and Trademark Office, Department of Commerce of the US. The MoU aims at increasing IP co-operation between the two countries.

Did you Know

Intellectual property:Property that includes intangible creation

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India extends anti-dumping duty on steel products from China, US

India has extended anti-dumping duty on imports of cold-rolled flat products of stainless steel of width 600-1250 mm & above 1250 mm of non-bonafide usage, from China, Korea, European Union, S. Africa, Taiwan, Thailand, and the US, till January 31, 2021.

Did you Know

Anti-dumping duty was first imposed in 2015.

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Indian Navy Day: 4 December

Indian Navy Day is celebrated every year on Dec 4 to commemorate attack on Karachi harbour during India-Pakistan war in 1971 that contributed to ultimate victory of Indian Armed Forces over Pakistan. This year a virtual tour has been organized for viewers.

Did you Know

2020 Theme: "Indian Navy Combat Ready, Credible & Cohesive".

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RBI predicts economy to contract at 7.5% for Fiscal Year 2020-21, growth to turn positive in second half

RBI has revised its forecast of economic growth for FY 2020-21 to (-)7.5% compared to its earlier forecast of (-)9.5%. 2nd half of FY is expected to show positive growth. Change in forecast has been prompted by a surge in demand in both rural & urban areas

Did you Know

The economy declined by a massive 23.9% in 1st quarter.

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International Day of Banks: 4 December

On 19 Dec 2019 UNGA designated 4 December as International Day of Banks in recognition of significant potential of multilateral development banks and other international development banks in financing sustainable development and providing know-how.

Did you Know

World Bank HQs: Washington, D.C., United States

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Nitin Gadkari inaugurated & laid foundation stones of 15 National Highway projects of Nagaland

Union Minister for Road Transport & Highways, MSME, Nitin Gadkari along with Nagaland CM Neiphiu Rio virtually inaugurated and laid the foundation stones of 15 National Highway projects of Nagaland. Projects have the total length of 270kms.

Did you Know

Project will connect Kohima to Phek District & Myanmar border

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Directorate of Revenue Intelligence celebrates its 63rd Founding Day: 4th December

DRI celebrated its 63rd Founding Day on 4th December. In view of the COVID-19 pandemic, this time the celebration was done virtually in the presence of Finance Minister Nirmala Sitharaman along with Minister of State for Finance Anurag Thakur.

Did you Know

DRI HQs: New Delhi;
Founded: 4 December 1957.

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India's first organ donor memorial inaugurated in Jaipur

Rajasthan CM virtually inaugurated nation’s 1st organ donor memorial in Jaipur. Organ donor memorial is dedicated in honour of those who have given life to hundreds of others. Memorial is inspired by the famous Jantar Mantar of Jaipur.

Did you Know

Memorial has been designed by Sameer Wheaton.

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HexGn, AFC India join hands to promote 1,000 agri-tech start-ups over next 5 years.

HexGn & AFC India have joined hands to promote 1,000 agriculture-related entrepreneurship start-ups over next 5 yrs in India. HexGn will host a series of programmes & initiatives to increase capabilities & skills of 1st generation agri-tech entrepreneurs.

Did you Know

AFC India Ltd is wholly-owned by NABARD and EXIM Bank.

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India tops Asia in bribery, use of connections to access public services: "Global Corruption Barometer -Asia".

India has highest rate of bribery (39%) & use of personal links to access public services (46%) such as healthcare and education in Asia as per report titled "Global Corruption Barometer - Asia" released by global civil society Transparency International.

Did you Know

Indonesia and China have the second and third highest rates.

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India records largest reduction in malaria cases in South-East Asia between 2000-19: WHO’s World Malaria Report 2020

India made impressive gains in the global fight against malaria, recording the largest reduction in cases in South-East Asia from 20 million in 2000 to about 5.6 million last year, according to the World Health Organisation’s The World Malaria Report 2020.

Did you Know

Malaria: A disease caused by a plasmodium parasite.

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No Indian University on Top 10 on QS Asia University Rankings; IIT Delhi, IIT Bombay, and IIT Madras made to Top 50

Quacquarelli Symonds rankings of the top 50 universities for higher education present in Asia reveals that no university from India has qualified to be in the top 10 categories. 3 IITs include IIT Delhi, IIT Bombay, and IIT Madras made to the top 50 list.

Did you Know

The National University of Singapore topped the list.

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Varsha Joshi appointed as the National Dairy Development Board interim chairperson

IAS officer and joint secretary in the union fisheries, animal husbandry and dairying ministry, Varsha Joshi, will take over as interim chairman of the Anand-headquartered National Dairy Development Board (NDDB). She will replace Dilip Rath.

Did you Know

NDDB Founded: 16 July 1965.

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HAL Delivers Biggest Ever Cryogenic Propellant Tank to ISRO

Hindustan Aeronautics Ltd has delivered the biggest developmental cryogenic propellant tank (C32 LH2) of aluminium alloy designed for improving the payload capability of GSLV MK-III launching vehicle ever fabricated by the company to ISRO.

Did you Know

ISRO Founded: 15 August 1969;
Director: Kailasavadivoo Sivan.

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Indian Icon: A Cult Called Royal Enfield” by journalist Amrit Raj: Book tells story behind making of Indian biking giant

Book "Indian Icon: A Cult Called Royal Enfield" written by journalist Amrit Raj maps trail-blazing story of the brand, the company & the individuals who have made Royal Enfield what it is now a premium homegrown consumer brand for the global markets.

Did you Know

Royal Enfield HQs: Chennai;
Parent organization: Eicher Motors.

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Amitabh Jain appointed as Chhattisgarh’s new chief secretary

Amitabh Jain has been appointed as new chief secretary of Chhattisgarh. He succeeds Rajendra Mandal. Before being elevated to the post of chief secretary he was posted as the Additional Chief Secretary Finance with additional charge of water resources dept

Did you Know

Chhattisgarh Governor: Anusuiya Uikey;
CM: Bhupesh Baghel.

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Goa Govt Launches One-Time Power Bill Settlement Scheme 2020

Goa CM Pramod Sawant launched one-time settlement scheme for power consumers. It is launched to support the consumers in clearing their long-pending dues by paying only the principal amount. There is no limit on the outstanding dues pending for payments.

Did you Know

Goa Capital: Panaji;
Governor: Bhagat Singh Koshyari.

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Salesforce to acquire workplace chat app Slack for $27.7 billion

Cloud computing giant Salesforce will acquire workplace chat app Slack for $27.7 billion. Bill Gates bought Skype for 8.5 bn. dollars (in 2011), Facebook paid $ 715 million for Instagram (in 2012) & paid about $ 22 billion for WhatsApp (in 2014).

Did you Know

Salesforce CEO: Marc Benioff;
HQs: California, United States.

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SIDBI floats asset reconstruction company for MSMEs

The Small Industries Development Bank of India (SIDBI) has floated the country's first asset reconstruction company focussing on non-performing assets of micro, small and medium enterprises, christened India SME Asset Reconstruction Company.

Did you Know

SIDBI Founded: 2 April 1990;
HQs: Lucknow.