Daily News

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Amazon is setting up its first device manufacturing line in India

Amazon announced to develop its first manufacturing facility in India to produce Amazon Devices in Chennai. It will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn located in Chennai.

Did you Know

Amazon’s Chennai unit will produce Fire TV Stick devices.

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Cabinet approves Comprehensive Economic Cooperation and Partnership Agreement between India and Mauritius

The Union Cabinet chaired by the Prime Minister approved the signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India & Mauritius. It is aimed at liberalising norms to boost two-way commerce between the countries.

Did you Know

CECPA b/w India & Mauritius covers 310 export items for India.

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PM Modi launches ‘Mahabahu-Brahmaputra’ initiative and several development projects in Assam

PM Narendra Modi launched the Mahabahu-Brahmaputra initiative. It aims to improve connectivity in the eastern states, by inaugurating the Ro-Pax vessel operations between Neamati-Majuli Island, North Guwahati-South Guwahati and Dhubri-Hatsingimari.

Did you Know

Assam Capital: Dispur
CM: Sarbananda Sonowal

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‘Free Gift Milk to Girl Students of Sikkim’ initiative to benefit around 1,500 students

Sikkim government launched ‘Free Gift Milk to Girl Students of Sikkim’ initiative. It will benefit around 1500 students who would be provided 200 millilitres of milk every day. The initiative is a step toward eradicating malnutrition among young generation

Did you Know

Sikkim Capital: Gangtok
CM: Prem Singh Tamang

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RBI issues directions for housing finance companies

RBI came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies. These directions came into force with immediate effect.

Did you Know

HFC is a form of Non-Banking Financial Company.

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RBI permits residents to make remittances to IFSCs under LRS

RBI permitted resident individuals to make remittances under the Liberalised Remittance Scheme to International Financial Services Centres in India under the Special Economic Zone Act, 2005. It is aimed at deepening the financial markets in the IFSCs.

Did you Know

India’s first IFSC: Gujarat International Finance Tec-City.

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Govt to set up digital intelligence unit to tackle pesky calls, financial frauds

To tackle pesky calls and to make digital transactions secure the govt proposed to impose a financial penalty against telemarketers including disconnection of resources. It has also decided to develop a web/mobile application for redressal mechanism.

Did you Know

Minister of Electronics and IT: Ravi Shankar Prasad.

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S Theodore Baskaran wins Sanctuary Lifetime Service Award 2020

Sanctuary Nature Foundation honoured conservation hero S Theodore Baskaran with Sanctuary Lifetime Service Award 2020 for his role in wildlife conservation and his continuing legacy of writings in Tamil and English to the conservation discourse.

Did you Know

He is a retired Chief Post Master General of Tamil Nadu.

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Cabinet approves PLI scheme for telecom sector worth Rs 12,195 crore

The Union Cabinet approved a Rs 12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access network, wireless equipment and other IoT access devices.

Did you Know

With this, the total no. of sectors under PLI becomes 13.

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15 states successfully complete Ease of Doing Business (EoDB) reforms

Gujarat, Uttar Pradesh & Uttarakhand completed Ease of Doing Business reforms. With this, the number of states that have completed the reforms increased to 15. The EoDB reform is an important indicator of the investment-friendly business climate in India.

Did you Know

Andhra Pradesh was ranked 1st in EoDB Reforms list 2020.

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ICICI Lombard partners with Flipkart to offer 'Hospicash' benefit to consumers

Flipkart partnered with ICICI Lombard to offer Group SafeGuard insurance, a group insurance policy to its consumers. With daily cash benefits starting from Rs 500, Hospicash benefit under Group SafeGuard insurance will provide cover to Flipkart consumers.

Did you Know

Hospicash – Coverage for hospitalisation expenses upto 30 days.

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PM Modi addressed NASSCOM Technology and Leadership Forum

PM Narendra Modi addressed the National Association of Software and Service Companies (NASSCOM)'s Technology and Leadership Forum (NTLF). It is the flagship event of the NASSCOM. The theme for the event: 'Shaping the future towards a better normal'.

Did you Know

It is the 29th edition of NTLF.

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India hosting COVID-19 Management: Experience, Good Practices and Way Forward"

India is hosting a regional conclave on management of coronavirus pandemic and nine countries, including Afghanistan Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka, have been invited for it. The Health Secretary of India will chair the event.

Did you Know

Health Secretary of India: Rajesh Bhushan.

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Bharti Airtel buys Warburg Pincus' 20% stake in DTH arm for Rs 3,126 crore

Bharti Airtel announced the acquisition of Warburg Pincus’s 20% stake in its direct-to-home (DTH) arm. Airtel also set up a committee which would evaluate various options for the re-organisation of businesses and shareholding structure of the company.

Did you Know

Bharti Airtel CEO: Gopal Vittal.
HQ: New Delhi.

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Cong leader Mallikarjun Kharge is new Leader of Opposition in Rajya Sabha

Senior Congress leader Mallikarjun Kharge has become the new leader of opposition in the Rajya Sabha following the retirement of Ghulam Nabi Azad. Rajya Sabha Chairman Venkaiah Naidu accorded his approval to Congress president Sonia Gandhi's request.

Did you Know

Azad have also been appointed as the CM of Jammu & Kashmir.

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Ajai Malhotra becomes first Indian chairperson of Advisory Committee at Human Rights Council

Ajai Malhotra became the 1st Indian to be elected as the Chairperson of the Advisory Committee of Human Rights Council. Malhotra has served as ambassador to Russia, Kuwait, Ambassador and Deputy Permanent Representative to the UN, New York & Romania.

Did you Know

UN HRC President: Nazhat Shameem
HQ: Geneva, Switzerland