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.
Amazon’s Chennai unit will produce Fire TV Stick devices.
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.
CECPA b/w India & Mauritius covers 310 export items for India.
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.
Assam Capital: Dispur
CM: Sarbananda Sonowal
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
Sikkim Capital: Gangtok
CM: Prem Singh Tamang
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.
HFC is a form of Non-Banking Financial Company.
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.
India’s first IFSC: Gujarat International Finance Tec-City.
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.
Minister of Electronics and IT: Ravi Shankar Prasad.
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.
He is a retired Chief Post Master General of Tamil Nadu.
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.
With this, the total no. of sectors under PLI becomes 13.
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.
Andhra Pradesh was ranked 1st in EoDB Reforms list 2020.
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.
Hospicash – Coverage for hospitalisation expenses upto 30 days.
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'.
It is the 29th edition of NTLF.
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.
Health Secretary of India: Rajesh Bhushan.
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.
Bharti Airtel CEO: Gopal Vittal.
HQ: New Delhi.
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.
Azad have also been appointed as the CM of Jammu & Kashmir.
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.
UN HRC President: Nazhat Shameem
HQ: Geneva, Switzerland