The Union cabinet chaired by Prime Minister Narendra Modi approved a ₹6,322 crore production-linked incentive (PLI) scheme for specialty steel that is expected to attract investments of around ₹40,000 crore.
The aim is to help India specialty steel production reach 42 million tonnes (MT) by 2026-27 from 18MT.The duration of the scheme will be five years, from 2023 to 2028.
The World Bank Board of Executive Directors approved a $125 million program to support Kerala's preparedness against natural disasters, climate change impacts, disease outbreaks and pandemics.
Secondly, it will help make the health, water resources management, agriculture, and road sectors more resilient to calamities.
The First Resilient Kerala Development Policy Operation (DPO) approved in June 2019
Under the chairmanship of the Minister of Civil Aviation, Jyotiraditya Scindia, the Ministry of Civil Aviation has formed 3 advisory groups comprising airlines, airport operators and maintenance, repair and overhaul companies (MRO), cargo carriers, flying training organisations (FTO) & ground handling companies.
1st advisory group comprises:-chiefs of Indian Airlines.
2nd:- officials of Indian airport operators;3rd:-four sub-groups(1 for each MRO,FTO,etc)
Visa inc. had agreed to buy British cross-border payments provider Currencycloud at a valuation of 700 million pounds ($962.01 million).
Visa has been a Currencycloud shareholder since 2020, and the financial consideration will be reduced by the equity that the card network company already owns in the startup.
Indian Bank signed the MoU with IIT Guwahati Technology Incubation Centre (TIC) for funding eligible Startups under the “IND SpringBoard” scheme of the Bank. Under this product, Indian Bank supports start-ups by extending credit facilities upto Rs.50 Crore for working capital requirements and also fund based term loan requirements for acquiring fixed assets for their unit.
It is one of its kind in the North-Eastern part of India.
In Tamil Nadu, noted Carnatic Classical Violinist ‘Kalaimaamani’ Sikkil Shri R Bhaskaran passed away at Chennai.
He was 85.
He started learning the Violin at the age of 11 from Thiruvarur Shri Subba Iyer and later trained under Mayuram Shri Govindarajan Pillai.He was an ‘A” Grade Artist of AIR and has served for nearly 2 decades in Chennai radio Station from 1976 to 1994.
The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent on from 11 per cent projected in April, on account of the adverse impact of the coronavirus pandemic.
India's GDP growth recovered to 1.6 per cent in the last quarter of fiscal year ended March 2021.
The projection for India's FY2022 -23:- 7.5 %
The Life Insurance Corporation (LIC) of India has introduced a new health insurance plan called Arogya Rakshak, which is a non-linked, non-participating, regular premium, individual health insurance plan.
It differs from the conventional health insurance plan in terms of method of payment.
Arogya Rakshak provides fixed benefit health insurance cover.
It pays a lump sum benefit irrespective of actual medical costs.
Russia has invited India for the first time to the Russia-US-China Troika Plus meet on Afghanistan that will discuss, among other issues, the role of Taliban and the future of the landlocked country.
Besides India, Iran has also been invited for the meeting.
Pakistan and representatives from Kabul are also expected to be part of the meet.
Dr APJ Abdul Kalam Centre for Policy Research & Analysis of the Indian Institute of Management (IIM) Shillong and Arunachal Pradesh government have inked a Memorandum of Understanding (MoU) for fostering mutual agreement between the Centre and the Finance Planning and Investment department of the Government of Arunachal.
Chief Minister of Arunachal Pradesh:- Pema Khandu; Governor: Brigadier B.D Mishra
The Indian Olympic Association (IOA) announced that it has roped in Adani Group as a sponsor for the 2020 Tokyo Olympics.
Earlier, IOA had announced that SFA Pvt Ltd had joined as one of its sponsors for the showpiece event.
MPL Sports Foundationas the 'Principal Sponsor' covering the Tokyo Olympic Games, 2022 Asian Games, and Commonwealth Games.
Global nutrition company Herbalife as one of its sponsors.
External affairs minister S Jaishankar and his Maldivian counterpart Abdulla Shahid signed an agreement on India-funded community projects in the Maldives after they held wide-ranging talks covering a range of bilateral, regional and global issues of mutual interests.
The Maldives is one of India's key maritime neighbours in the Indian Ocean Region.
Maldives Capital: Malé;
Currency: Maldivian rufiyaa
Perumkulam in Kulakkada panchayat in Kollam district is the first village of books in Kerala. With this, Perumkulam also owned the credit of being the second village of books in the country.
Writer M T Vasudevan Nair declared Perumkulam as village of books via online on Reading Day.
Bhilar in Satara district of Maharashtra is the first village of books in India.
Mirabai Chanu won the silver medal and became the first Indian to win an Olympic medal at the 2020 Tokyo Games in the Women's 49kg category with a total lift of 202 kg.
China's Hou Zhihui clinched the gold medal.
Mirabai Chanu goes for 110kg in her first attempt and she executes it perfectly to be assured of an Olympic medal in clean and jerk.
Miraitowa is the Tokyo 2020 Olympic Games mascot.
Yami Gautam joins hands with Himachal Pradesh government for 'Baccho Ka Sahara, Phone Humara' initiative.The initiative 'Baccho Ka Sahara, Phone Humara' is a phone donation camp that has been launched by the Himachal Pradesh government to help needy children who cannot afford smartphones.Launched under the 'Samgra Shiksha Abhiyan' of the state government, Yami who herself
Governor:Rajendra Vishwanath Arlekar
Chief Minister: Jai Ram Thakur
The Income Tax department marked 161st Income Tax Day or Aaykar Diwas. July 24 has been celebrated as the Income Tax day in India since 2010.
Income tax was first levied as a duty in the year 1860 and the authority to levy that duty came into force on July 24 of that year.
On July 24, 1860, income tax was introduced in India by Sir James Wilson.