Daily News

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India announces pledge of $150,000 to UN peacebuilding fund.

The Fund is the U.N.’s financial instrument of first resort to sustain peace in countries or situations at risk or affected by violent conflict. The Fund requires $1.5 billion for 2020-2024 and has invested over $1.2 billion to date in over 60 countries.

Did you Know

Permanent representative of India UN: T.S. Tirumurti.

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Swaminathan Janakiraman & Aswini Kumar Tewari appointed SBI MDs

Both are currently serving as Deputy Managing Directors of the bank.Appointments are for a period of three years.SBI traditionally has four MDs. Two of the MD positions were vacant.The other two serving MDs of the bank are C S Setty and Ashwani Bhatia.

Did you Know

Dinesh Kumar Khara is Chairman of SBI.

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TCS brand value rises by $1.4 billion in 2020; highest among IT services globally -Brand Finance ‘IT Services 25 2021' report

TCS grew in a challenging year when the brand value of IT services companies collectively dropped by 3%.Also ranked TCS at 3rd position among the top 25 IT companies globally.TCS CEO Rajesh Gopinathan was ranked 5th in Brand Guardianship Index 2021.

Did you Know

TCS showed 10% growth over the prior year.

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India inks MoU with International Energy Agency for global energy security, stability and sustainability.

This Framework for Strategic Partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of IEA.IEA Secretariat will be responsible for implementation of cooperative activities in India.

Did you Know

IEA:
Executive Director: Fatih Birol;
HQ:Paris,France.

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India and Denmark launch Green Strategic Partnership that will enable Denmark in delivering sustainable solutions to India.

It is a mutually beneficial arrangement to advance political cooperation,expand economic relations & green growth,create jobs and strengthen cooperation on addressing global challenges and opportunities; with focus on implementing Paris Agreement & UN SDG.

Did you Know

Denmark:
PM:Mette Frederiksen;
Currency: Danish krone.

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New supercomputer in NCAR-Wyoming Supercomputing Center to rank among world's 25 fastest;will accelerate scientific discovery.

The HPE-Cray EX supercomputer will theoretically be able to perform almost 20 quadrillion calculations per second,roughly equivalent to each person on Earth completing a math equation every second for an entire month.It is 3.5 times faster than Cheyenne.

Did you Know

The facility's current supercomputer is named Cheyenne.

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Dr. Harsh Vardhan addresses the event “Family Planning 2020: Celebrating Progress, Transforming for the future”

He spelled out India’s vision:Every Child is Wanted, Every Birth is Safe, and Every Girl and Woman is treated with Dignity.Purpose of this event was to celebrate Family Planning-2020 partnership.India invested more than $3 bn by 2020 for FP services.

Did you Know

Adoption of modern contraceptive use reached an estimated 55%

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Dr. Harsh Vardhan presides over Foundation Day Celebrations and Launch of Decadal year of ICMR-NCDIR

National Non-communicable Disease Monitoring Survey (NNMS) & Framework for Telemedicine use in Management of Cancer, Diabetes, Cardiovascular Disease and Stroke in India was released.Awareness on reducing Physical Inactivity to combat NCDs was stressed.

Did you Know

ICMR-NCDIR:
HQ:Bengaluru;
Director:Dr.Prashant Mathur.

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Dr. Harsh Vardhan addresses the 4th edition of Future Investment Initiative Forum

The purpose of the forum being hosted in Riyadh was to find solutions on how business and government can expand access to healthcare, train healthcare workers, remove regulatory barriers and encourage investment in advanced health technologies.

Did you Know

Dr.Harsh Vardhan is Minister of Health and Family Welfare

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India's GDP to contract 8% in FY21: FICCI's latest Economic Outlook Survey

The annual median growth forecast by FICCI is based on responses from leading economists representing industry,banking and financial services sector.Median growth forecast for agriculture and allied activities has been pegged at 3.5 per cent for 2020-21.

Did you Know

Industry and services sector to contract by 10% & 9.2%

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Bharti AXA General Insurance launches 'Krishi Sakha' App for farmers

It aims at helping Indian farmers make informed decisions through customized information related to their farming requirements. It shares relevant information about the scientific way of farming, crop cultivation, sowing, or harvesting of a major crops.

Did you Know

Bharti AXA:
MD&CEO:Sanjeev Srinivasan;
HQ:Mumbai

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Indo-Bangladesh sign MoU to design, make & launch a satellite fabricated by students from both countries.

The project celebrates 50 years of Indo-Bangladesh friendship, and the 100 birth anniversary of Sheikh Mujibur Rahman, the founder of Bangladesh.MoU represented by Chennai-based Space Kidz India in India & Global Law Thinkers Society on Bangladesh side.

Did you Know

A 10cmx10cmx10cm satellite will be launched by ISRO's PSLV.

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Meghalaya CM Conrad Sangma Inaugurates India's Longest Road Arch Bridge-"Wahrew Bridge"

169-metre Wahrew suspension bridge at Sobhar,East Khasi Hills district has been constructed at a cost of Rs 49.395 crore under Non-Lapsable Central Pool of Resources

of Ministry of Development of North Eastern Region.The bridge is over Wahrew river.

Did you Know

Bridge connects Bholaganj & Sohbar to Nongjri.

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School of Public Health launched in Rajasthan

It has been launched to make policy intervention for building public health capacity and skills & bridge gaps between education & bpractices in Rajasthan.The school will provide technical support to health systems & render help to state govt with new tech.

Did you Know

Named after IIHMR chairperson S.D. Gupta.

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In a first, Kolkata gets boat library cruising on the Hooghly river.

The 3 hour trip will start at Millenium Park, and the boat will travel to Belur Math jetty & return.Children will be able to choose from a selection of 500 titles in English and Bengali on the Young Readers' Boat Library.

Did you Know

Launched by WB Transport Corporation in collab with a book store

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Reliance signs $ 15 million deal with Israeli firm to distribute COVID-19 breath test kit

Reliance will purchase hundreds of breath testing systems from the Israeli company Breath of Health(BOH) and will use them to conduct millions of tests a month at a cost of USD 10 million per month.Reliance will also lead research of the system in India.

Did you Know

BOH kit identifies Covid-19 at a success rate of over 95%

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Govt approves hike in MSP for Copra.

The government has approved an increase in the MSP of milling copra by ₹375 from 2020 to ₹10,335 per quintal & ball copra by Rs.300 to Rs.10600 per quintal, as part of its effort to boost farmers' income.This is as per Swaminathan recommendations.

Did you Know

New MSP for copra will impact the farmers of 12 coastal states.

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NASA finds 'Lost Galaxy' shining out of Virgo's bosom

NGC 4535,a hazy spiral galaxy is one of the largest in Virgo cluster-a collection of more than 2,000 galaxies located about 50 million light-years from Earth.When viewed through NASA’s Hubble Space Telescope,it vanishes to reveal a vibrant sea of stars.

Did you Know

In 1950s astronomer Leland S. Copeland dubbed it The Lost Galaxy

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Cabinet clears policy on PSU privatisation ahead of Union Budget

The policy was part of Aatmanirbhar Bharat package announced by Nirmala Sitharaman in May 2020.Govt had then announced intention to limit presence of PSUs to one to four in strategic sectors & privatise,merge or bring the remaining under a holding company.

Did you Know

Companies in non-strategic sectors will see govt exiting totally

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Textiles Committee,Ministry of Textiles signs MoU with M/s Nissenken Quality Evaluation Centre,Japan to boost export

The main objective of the MoU is to provide required support to textile’s trade & industry for ensuring quality as per the requirement of Japanese buyers through Testing, Inspection & Conformity Assessment,Training & Capacity Building, R&D and consultancy.

Did you Know

Japan is 3rd largest export destination of Textile and Apparels.

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Agriculture Ministry proposes Rs 19,000-cr national mission for edible oil in Budget

The mission entails a 5-yr plan aimed at achieving self-sufficiency in production of cooking oil while cutting down its increasing import, which costs ₹75,000 crore to the exchequer annually. Local production may also ease the prices of cooking oil.

Did you Know

Mission maybe funded by import cess of ₹2,500-3,000 per tonne.

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Ex-Pond’s India chief Venkateswaraayyar Narayanan passes away

He served as the chairman & MD of Pond’s India Ltd,which became part of Hindustan Lever Ltd(HLL), and served on the board of HLL.An alumnus of Lawrence School at Lovedale & Loyola College,he began his career in 1959 as a management trainee in HLL (now HUL)

Did you Know

He served with Pond’s (India) till 1997.

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PowerGrid offers transmission assets worth Rs 7000 crore via Power Grid lnvlT IPO

This is the first attempt at an IPO of an InvIT by a state owned firm.The private sector has seen two InvIT’s so far,namely IndiGrid InvIT & IRB Infra InvIT.ICICI Securities, Axis Capital, Edelweiss and HSBC Securities are working on this IPO.

Did you Know

InvIT is a collective investment scheme similar to mutual fund.

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Centre releases 2nd basic grants instalment of Rs 12,351 crore to 18 states for Rural Local Bodies(RLBs).

Grants are released as per recommendations of 15th Finance Commission.It recommended two types of grants basic and tied -to the RLBs.First instalment of basic grants worth Rs.18199 was released in June 2020 & tied grants worth Rs.15187.50 as well.

Did you Know

States should transfer this to RLBs within 10 working days.