Daily News

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PM Modi 8th most admired global personality, Barack Obama tops the list

Prime Minister Narendra Modi has ranked 8th on the list of the world's top 20 most admired men, in a survey carried out by data analytics company YouGov.

The list has been compiled taking feedback from 42,000 people in 38 countries, the survey company said.

PM Modi is ahead of Shah Rukh Khan, Amitabh Bachchan and Virat Kohli.

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YouGov is a British international Internet-based market research and data analytics firm.

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Center accepts plea and awards GI tag to Mithila Makhana

Geographical Indications Register (GIR) under the Central Ministry of Commerce accepted the call to rename Bihar Makhana to Mithila Makhana & also suggested other changes to the brand’s logo to better reflect its origins, in addition to identify & protect the geographical indications of the product. Mithila region is known for this specific type of aquatic cultured fox nut.

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ABRY scheme: Maharashtra tops chart with maximum number of beneficiaries

As on December 4, 2021, as many as 6,49,560 beneficiaries were recorded in Maharashtra, followed by Tamil Nadu (5,35,615), Gujarat (4,44,741) and Karnataka (3,07,164).

The government had launched ABRY to incentivize employment generation in Employees' Provident Fund Organisation (EPFO) registered establishments during COVID-19 for a period from October 1, 2020 to March 31.

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ADB approves $112 million loan for Assam Skill University

The Asian Development Bank (ADB) has approved $112 million loan for Assam to strengthen skill education & training through establishment of Assam Skill University (ASU).

It will also support the design and delivery of industry-aligned and flexible skills education & training programs, including cutting-edge digital skills programs, career development programs & services.

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Cabinet approves incentive scheme to promote RuPay Debit Cards, low-value BHIM-UPI transactions

The Union Cabinet approved an incentive scheme worth ₹ 1,300 crore to promote RuPay Debit Cards and low-value (up to ₹2,000) BHIM-UPI transactions (person to merchants-P2M) in the country.

The scheme has been formulated in compliance with the Budget announcements (FY 2021-22) by the Government to further boost digital transactions in the country.

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Sunil Gavaskar conferred with SJFI Medal

The Sports Journalists’ Federation of India (SJFI), at its Annual General Meeting (AGM), decided to confer the prestigious SJFI Medal on legendary cricketer Sunil Gavaskar.

Neeraj Chopra, who won India’s lone gold medal at the Tokyo Olympics, was named the SJFI Sportsman of the Year award.

The AGM elected A. Vinod (Kerala) as the new SJFI President.

Did you Know

On 27 February 1976, Sports Journalists' Federation of India (SJFI) was formed.

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Pilgrims to Kartarpur gurdwara can carry up to Rs 11,000: RBI

The Reserve Bank of India (RBI) permitted Indians as well as OCI card holders going on pilgrimage to Gurdwara Darbar Sahib in Kartarpur, Pakistan through the Kartarpur Sahib Corridor to carry up to Rs 11,000 in rupees or US dollars, lower than the usual limit of Rs 25,000.

The 4 km-long corridor provides visa free access to Indian Sikh pilgrims to visit the Darbar Sahib.

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The Kartarpur corridor was reopened last month.

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India Tests SFDR Technology Critical For Development Of Long Range Air-To-Air Missiles

The Defence Research and Development Organisation (DRDO) tested its Solid Fueled Ducted Ramjet (SFDR) technology for the fourth time with a demonstration flight.

The development of SFDR technology will enable India to make its own long-range air-to-air missile, which could mirror the capabilities of the best missiles in this class, like MBDA’s Meteor.

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MBDA’s Meteor, which the Indian Air Force uses on its Rafales.

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Cabinet Approves Incentive Schemes Worth Rs 76,000 Crore For Semiconductors

In a bid to promote semiconductors and display manufacturing ecosystem in India, the Union Cabinet has cleared incentive scheme worth Rs 76,000 crore.

Under this initiative, the government plans to set up over 20 semiconductor design, components manufacturing, and display fabrication (fab) units in India over the six years.

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CCEA okays extension of all 3 parts of PM Krishi Sinchayee Yojana till 2026

The Cabinet Committee on Economic Affairs has approved extension of all three components of the umbrella scheme of 'Pradhan Mantri Krishi Sinchayee Yojna' till 2025-26 which among things will fund construction of dams such as Renukaji (Himachal Pradesh) and Lahkwar (Uttarakhand) that in turn will significantly improve water supply to capital Delhi and its adjoining areas.

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The extension has been approved with an outlay of Rs 93,068 cr.

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ISRO signed six agreements with four countries for launching foreign satellites during 2021-2023

The Indian Space Research Organisation (ISRO) has signed six agreements with four countries for launching foreign satellites during 2021-2023. About 132 million Euros would be earned through launching of these foreign satellites on a commercial basis. ISRO-Indian space agency, founded in 1969 to develop an independent Indian space program. Its headquarters are in Bengaluru.

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PM Modi to address mayors' conference on New Urban India in Varanasi

Prime Minister Narendra Modi will inaugurate and address the All India Mayors' Conference, which is being organised in Varanasi.

The mayors from various states will participate in the conference on the theme "New Urban India".A special focus of these efforts has been the state of Uttar Pradesh, which has witnessed tremendous progress &transformation of the urban landscape.

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Head of municipal corporations is known as mayor.

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HAL inks ₹2400 Cr deal with BEL for LCA Tejas Mk1A systems

Hindustan Aeronautics Limited signed a five-year contract, worth ₹2400 crores, with Bharat Electronics Limited (BEL) for development and supply of 20 types systems for the Light Combat Aircraft (LCA) Tejas Mk1A project of the Indian Air Force in Bengaluru.

LCA Tejas programme is an excellent example of synergies between Indian Defence establishments such as HAL, DRDO.

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RBI imposes penalty on PNB, ICICI Bank

The Reserve Bank of India has imposed a penalty of Rs 1.8 crore on Punjab National Bank and Rs 30 lakh on ICICI Bank for deficiencies in regulatory compliance.

In both cases, penalties were based on deficiencies in regulatory compliance and were not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.

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Tata Builds Submersible Power Substation to Ease Congestion in Delhi

Power utility Tata Power Delhi Distribution Limited, which supplies electricity to over 7million people in North Delhi, has installed a “first-of-its-kind” submersible power substation in Gujranwala Town, New Delhi, to augment the power infrastructure of its operational area.

The equipment is suitable for water submersion duty.

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Airtel deploys Avanseus’ AI-based predictive maintenance solution

Bharti Airtel (“Airtel”), India’s premier communications solutions provider, and Avanseus, has announced the roll-out of Avanseus’ predictive maintenance (“PdM”) solution across its operations.

The expansion follows the successful trial and commercial deployment of the solution across Airtel’s transport, enterprise, and core networks.

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ADB cuts India's GDP growth forecast for 2021-22 to 9.7%

The Asian Development Bank (ADB) has revised India’s GDP growth forecast for 2021-22 downwards to 9.7 per cent from 10 per cent projected in September 2021. It has cited supply chain issues as the major reason for the downgrade.

The bank has retained GDP growth forecast for 2022-23 at 7.5 per cent as it expects domestic demand to normalise.

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ICICI Prudential Life is first insurer to sign UN pact on ESG issues

ICICI Prudential Life Insurance has become the first Indian insurance company to commit to environment, social and governance (ESG) issues by being a signatory to the United Nations supported Principles for Responsible Investment (UNPRI).

The company is now integrating ESG factors into its investment management framework.

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