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ISRO awards Gaganyaan Mission mandate to Tata Elxsi to deliver Crew Module Recovery Models (CMRM)

ISRO's Gaganyaan project envisions a demonstration of human spaceflight capability by launching the crew into a 400-kilometer orbit for a three-day Mission and safely bringing them to Earth by landing in Indian sea waters. One of the key requirements of this project is the safe recovery of the crew, which must be carried out with minimum lapse of time.

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Manoj Raghavan, CEO & Managing Director, Tata Elxsi.

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Air India Subsidiary Inks Pact To Build Country’s Largest Multi-modal Cargo Hub At Noida International Airport

Air India SATS will develop a multi-modal cargo hub (MMCH) at the upcoming Noida International Airport at Jewar In Uttar Pradesh.

The concession agreement to build a state-of-the-art multi-modal cargo hub was signed between Sanjay Gupta, Chief Executive Officer of AISATS, and Christoph Schnellmann, Chief executive Officer of Yamuna International Airport Private Ltd.

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UPI Scales New Peak In May 2023 With 941 Crore Monthly Transactions Worth Over Rs 14.3 Lakh Crores

Unified Payment Interface (UPI) transactions in May 2023 scaled a new milestone with 9.41 billion (941 crores) transactions and Rs 14.3 lakh crores in terms of value, according to data made available by National Payments Corporation of India (NPCI). 

No. of transactions in May 2023 is a 58% year-on-year In May 2022 when 5.95 billion (595 crore) transactions were recorded.

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Government approves over Rs 89 thousand crore revival package for BSNL

Union Cabinet has approved the third revival package for BSNL with a total outlay of 89 thousand 47 crore rupees.

It includes an allotment of 4G and 5G spectrum for BSNL through equity infusion.

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Union Health Minister Dr Mansukh Mandaviya releases fifth State Food Safety Index in New Delhi

Union Health Minister Dr Mansukh Mandaviya released the fifth State Food Safety Index in New Delhi today. The Index is an annual assessment released by the Food Safety and Standards Authority of India (FSSAI). This index assesses states' performance in six food safety parameters.

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Union Cabinet approves continuation of Central Sector Scheme of ‘Exploration of Coal and Lignite Scheme’

The Cabinet Committee on Economic Affairs (CCEA) approved the continuation of the Central Sector Scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs. 2980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.

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Third G20 International Financial Architecture Working Group Meeting Concludes

The Third G20 International Financial Architecture Working Group Meeting (IFA WG) under the Indian Presidency concluded in Goa.

The two-day meeting saw the participation of approximately 100 delegates from G20 member countries, invitee countries, and various international organizations, including multilateral development banks (MDBs).

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NHPC inks MoU with Department of Energy, Govt. of Maharashtra for Pumped Storage Schemes and Other Renewable Energy Source

A Memorandum of Understanding has been signed between NHPC Limited and Department of Energy, Government of Maharashtra for the development of Pumped Storage schemes and other Renewable Energy Source projects in the state of Maharashtra.

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PESB recommends Sanjay Swarup for CONCOR's CMD post

Sanjay Swarup is set to be next Chairman & Managing Director (CMD) of Container Corporation of India (CONCOR), a PSU under the Ministry of Railways.

Swarup has been recommended for the post by the Public Enterprises Selection Board (PESB) panel.

Presently, he is serving as Director (International Marketing & Operations) in the same organisation.

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NTPC Kanti Launched Girl Empowerment Mission for 40 Girls

NTPC Kanti has launched the Girl Empowerment Mission (GEM)-2023, a four-week residential workshop program for 40 underprivileged rural girls from Kanti block as part of its CSR initiative.

This is the first time NTPC Kanti is organising the GEM program. Eight students have been selected from five schools in Kanti Block.

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PhonePe launches Account Aggregator services

PhonePe has introduced Account Aggregator (AA) services following the receipt of Reserve Bank of India (RBI) Non-Banking Finance Companies (NBFC) licence.

The move aims at providing secure and easy sharing of financial data between customers and financial bodies.

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Google Pay launches Aadhaar-based authentication for UPI activation

Google Pay has introduced UPI verification via Aadhaar card. The new feature will allow customers to register for Unified Paytments Interface (UPI) without the need of debit card.

The move is supported by the National Payments Corporation of India (NPCI).

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CCI approves acquisition of additional stake in ACKO Tech by General Atlantic

The Competition Commission of India (CCI) has approved the acquisition of additional stake in Acko Tech by General Atlantic.

The proposed combination envisages acquisition of an additional 4.04 per cent shareholding of Acko Technology and Services (Acko Tech) by General Atlantic Singapore ACK Pte. Ltd. (GASACK).

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RBI permits banks to issue RuPay Prepaid Forex cards

In order to expand payment options for Indians travelling abroad, the Reserve Bank of India decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.

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Indian Navy's Varunastra Torpedo Hits Underwater Target With Precision

Indigenously designed and developed heavy weight torpedo (HWT) Varunastra was successfully test-fired with a live warhead against an undersea target, by the Indian Navy.

Varunastra was designed and developed by Vizag-based Naval Science and Technological Laboratory (NSTL) under the Defence Research and Development Organisation and is manufactured by Bharat Dynamics Limited.

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World Ocean Day II 8 JUNE

Every year, June 8 is marked as an opportunity to remember the crucial role played by the oceans in maintaining life on Earth.

The need for addressing the challenges that our oceans are facing and acting collectively to protect them is underlined by the World Ocean Day 2023 theme, “The Planet Ocean’s Changing Tide.”

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