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Back JSW Steel to acquire National Steel and Agro Industries for ₹621 cr

JSW Steel announced that its wholly-owned subsidiary JSW Steel Coated Products Limited (JSWSCPL) will complete the acquisition of National Steel and Agro Industries (NSAIL) for a total consideration of ₹621 crore.

JSW Steel Coated Products, wholly-owned subsidiary, got approval in respect to corporate insolvency resolution process of NSAIL.

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G-20 disaster risk reduction working group to convene in Mumbai to address escalating global disaster risks

The G-20 Disaster Risk Reduction Working Group (DRRWG) is poised to hold its second meeting in Mumbai from 23-25 May, 2023, as the world grapples with an alarming surge in disasters and climate change-related risks.

The meeting assumes great significance against the backdrop of a growing number of disasters that are posing significant economic challenges.

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IDBI Bank appoints Jayakumar S. Pillai as Deputy Managing Director

The Board of Directors of IDBI Bank approved the appointment of Jayakumar S. Pillai as Deputy Managing Director on the Bank’s Board for 3 years.

Pillai’s appointment is with effect from the date of his taking charge as specified in the RBI approval received in this regard.

Pillai is presently working as Chief General Manager and Circle Head in Canara Bank, Mumbai.

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Mandaviya to attend 76th World Health Assembly in Geneva

Union Health Minister Mansukh Mandaviya will represent India in the 76th World Health Assembly at Geneva, Switzerland to be held from May 21-30.

The health minister will deliver keynote address at side events for ‘Heal in India and Heal by India’, as well as ‘Together we fight against TB’ reiterating India’s contribution in the field of Medical Value Travel.

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India committed to eliminate Tuberculosis from India by 2025.

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India-US Working Group on Education and Skill Development virtually launched

Ministry of Education, Government of India and US Department of State launched the India-US Working Group on Education and Skill Development in virtual mode, with the aim to enhance cooperation and collaboration between the two countries in the field of education and skill development.

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2nd Trade and Investment Working Group Meeting to begin in Bengaluru

The Second Trade and Investment Working Group Meeting will begin in Bengaluru under G20 India Presidency.

The three days event will be attended by 75 delegates from G20 countries, invitee countries and regional and international organisations.

The first Trade and Investment Working Group meeting was held in Mumbai.

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Neeraj Chopra creates history, becomes world number 1 in men's javelin throw rankings

Tokyo Olympic gold medallist Neeraj Chopra has claimed number one ranking in men's javelin for the first time, which is a major career milestone for him.

Neeraj Chopra has topped the charts with 1455 points, 22 ahead of Grenada's Anderson Peters.

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International Day to End Obstetric Fistula | 23 May

Every year on May 23, the International Day to End Obstetric Fistula is observed.

It is a day dedicated to raising awareness and gathering support for obstetric fistula, a birth-related injury that disproportionately effects women in low-income regions.

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Government Cuts FAME-II Subsidy On Electric Two-Wheelers From June 2023

The government has reduced the subsidy provided under Faster Adoption of Manufacturing of Electric Vehicles in India scheme applicable on electric two-wheelers registered on or after June, 2023.

For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh

The cap on incentives for electric two-wheelers will be 15% of the ex-factory price of vehicles from 40%

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ITI Bags Rs 3,889 Crore Advance Purchase Order From BSNL For 4G Services

State-owned telecom gear maker ITI has bagged an advance purchase order worth Rs 3,889 crore from BSNL for deploying 23,633 sites for 4G services.

The supply period for the 4G telecom gear is 18-24 month under the contract.

BSNL has issued an Advance Purchase Order for reservation quota order in the West Zone to ITI.

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Google Pay launches RuPay credit cards support on UPI in India

Google Pay in conjunction with the National Payments Corporation of India (NPCI) rolled out support for RuPay credit cards on Unified Payments Interface (UPI).

The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted.

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Paytm Money launches bonds platform, making investing easier for retail investors

One97 Communications Limited (OCL), which owns the Paytm brand said that its wholly-owned subsidiary Paytm Money Limited has launched bonds platform for retail investors in India.

The company is making bonds more accessible for retail investors by offering three distinct types: government bonds, corporate bonds and tax-free bonds.

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Indian athlete Shaili Singh bags bronze medal at Golden Grand Prix 2023 athletics meet in Japan

Indian athlete Shaili Singh clinched a bronze medal at the Golden Grand Prix 2023 athletics meet in the women’s long jump event in Yokohama, Japan.

Germany’s Maryse Luzolo won the gold medal with an effort of 6.79 meter while Australia’s Brooke Buschkuehl bagged the silver medal with a 6.77 meter leap.

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WORLD TURTLE DAY II 23 May

Every year on May 23, American Tortoise Rescue (ATR), a non-profit organisation, observes World Turtle Day.

This event is intended to raise awareness about the need to maintain turtles, tortoises, and their increasingly disappearing habitats.

This year's World Turtle Day theme is 'I Love Turtles,' emphasising the critical need to conserve these species.

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