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India, Bhutan approve 61 projects worth ₹4,958 crore.

India and Bhutan have approved 61 projects worth Rs.4,958 crore to be implemented during the Himalayan country’s 13th five-year plan, for which New Delhi is providing Rs.10,000 crore as development support and were approved during the India-Bhutan Development Cooperation Talks co-chaired by foreign secretary Vikram Misri and his Bhutanese counterpart Pema Choden in Thimphu.

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India, Bhutan approve 61 projects worth ₹4,958 crore.

The projects, cover sectors such as connectivity, infrastructure, energy, health, education, capacity building, industrial parks, sports, digital economy, e-mobility, and space technology. India had doubled its financial support for Bhutan’s five-year plan in March. The two foreign secretaries virtually inaugurated 19 schools that were built during the 12th five-year plan.

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India, Bhutan approve 61 projects worth ₹4,958 crore.

The Bhutan government informed the Indian side about activities proposed to be taken up under the Economic Stimulus Programme (ESP). In line with a request from the Bhutan government, the Indian side agreed to “positively consider frontloading the full amount” of Rs.1,500 crore for the ESP in the first one-and-half years, subject to progress in implementing the proposals.

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Chhangte, Indumathi named best on a shining Night of AIFF Awards.

Lallianzuala Chhangte and Indumathi Kathiresan were named the AIFF Best Men's and Women's Players of the Year 2023-24 in a glittering AIFF Award Night attended by a galaxy of icons from the sporting world in New Delhi.Lallianzuala Chhangte was awarded the AIFF Men's Player of the Year for the second time in a row,becoming only the fifth player to win the award multiple time

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Chhangte, Indumathi named best on a shining Night of AIFF Awards.

Indumathi Kathiresan was awarded the AIFF Women's Player of the Year, becoming the first player from Tamil Nadu to win the award. Young striker David Lalhlansanga was awarded the AIFF Promising Men's Player of the Year for his fiery goalscoring form in the season, he was the top scorer in the CFL and the Durand Cup and earned his first national team call-up in May 2024.

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Chhangte, Indumathi named best on a shining Night of AIFF Awards.

Eighteen-year-old winger Neha was awarded the AIFF Promising Women's Player of the Year for her stellar performances down the flanks. Jamshedpur FC head coach Khalid Jamil was awarded the AIFF Men's Coach of the Year. The AIFF Women's Coach of the Year was awarded to Sukla Dutta, who coached India to the SAFF U19 Women's Championship title in Bangladesh.

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Chhangte, Indumathi named best on a shining Night of AIFF Awards.

Among the dignitaries present were the Hon'ble Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya, the Hon'ble Union Minister, Parliamentary Affairs, Mr. Kiren Rijiju, Olympic medal winner Mr. Yogeshwar Dutt, India's Davis Cup captain, Mr. Rohit Rajpal and many other well-known faces of Indian sport.

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Azerbaijan announces new fund to be raised by fossil fuel producers.

Azerbaijan, the host of the COP29 climate summit, has announced a climate finance action fund (CFAF) to be raised from fossil fuel-producing countries and companies to support green projects in developing countries as well as to help member nations keep within reach the 1.5C temperature target. COP29 is set to be held in Baku between November 11 and 22 2024.

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Paytm partners with Axis Bank to offer POS solutions, card payment devices.

Fintech firm One 97 Communications, which owns the brand Paytm, has partnered with Axis Bank to provide point of sales solutions and card payment machines to banks and its merchant network, the company said. Through this partnership, Paytm expects its technology to reach a wider merchant base via Axis Bank, thereby enhancing the capabilities of both entities.

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Paytm partners with Axis Bank to offer POS solutions, card payment devices.

Paytm's EDC devices offer store management services like inventory management and CRM. The partnership aims to enhance transaction efficiency, store management, and customer engagement, benefiting both companies. Axis Bank sees this collaboration as a way to expand its merchant-acquiring portfolio and offer more payment solutions.

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RBI approves appointment of former Kotak executive KV Subramanian as CEO & MD of Federal Bank.

The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as Managing Director & Chief Executive Officer of Federal Bank, Subramanian's three-year term will commence from September 23, 2024, immediately following the conclusion of the current MD & CEO, Shyam Srinivasan's tenure on September 22, 2024.

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RBI approves appointment of former Kotak executive KV Subramanian as CEO & MD of Federal Bank.

Subramanian has previously served as the Joint Managing Director of Kotak Mahindra Bank Limited until April 30, 2024, having led various critical divisions including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction.

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NARCL lines up another Rs 1.25 lakh cr of NPAs from banks.

The government backed National Asset Reconstruction Co Ltd (NARCL) has offered to acquire another Rs 1.25 lakh crore of non-performing assets (NPAs) from banks with offers at various stages of due diligence and evaluations, the finance ministry said in the pre-budget economic survey for 2023-24.

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NARCL lines up another Rs 1.25 lakh cr of NPAs from banks.

This is in addition to the 18 accounts with total banking loan exposure of around Rs 92,000 crore acquired by NARCL so far, including the takeover of distressed NBFCs Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd as a resolution applicant.

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NARCL lines up another Rs 1.25 lakh cr of NPAs from banks.

While offers on assets worth Rs 1.25 lakh crore are at different stages of acquisition, due diligence, and evaluations for assets of around Rs 40,000 crore are underway. NARCL started operation in January 2022 and acquires bad loans from banks, by paying 15% of the amount in cash and the rest in security receipts (SRs) which are to be matched with recovery over time.

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NARCL lines up another Rs 1.25 lakh cr of NPAs from banks.

These SRs are guaranteed by the government, valid for five years, to be invoked by banks in case of resolution or liquidation of the bad loan. It covers the shortfall between the face value of security receipts issued and actual realisation from the account when NARCL finds a buyer, which is the main USP for the government backed bad bank.

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Hardik Pandya teams up with FanCode Shop to launch his brand.

Allrounder Hardik Pandya has inked an exclusive licensing pact with FanCode Shop, the online merchandise store of Dream Sports-owned FanCode, to launch his performance wear range. FanCode will design, manufacture, and market the items. Rise Worldwide’s Nikhil Bardia noted this is Pandya's first licensing venture.

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Hardik Pandya teams up with FanCode Shop to launch his brand.

The launch includes key items like t-shirts, vests, and jackets, diversifying from his typical endorsement deals. The initial product lineup includes t-shirts, vests, polos, shorts, and jackets, with prices ranging from Rs 999 to Rs 2299.

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Virat Kohli tops Celebrity Brand Valuation in 2023; Ranveer Singh second, SRK third.

Indian cricket icon Virat Kohli has surpassed Bollywood superstars Shah Rukh Khan and Ranveer Singh to become India's most valued celebrity. According to Kroll’s Celebrity Brand Valuation Report 2023, Kohli's brand value has surged by 29%, reaching an impressive $227.9 million, Ranveer Singh, with a brand value of $203.1 million, occupies the second rank,

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Virat Kohli tops Celebrity Brand Valuation in 2023; Ranveer Singh second, SRK third.

Shah Rukh Khan has made significant strides, ascending to the third position with a brand value of $120.7 million, Akshay Kumar remains in the fourth spot, and Alia Bhatt continues to be a prominent figure maintaining her fifth position.

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Airports Authority signs MoU with Rajasthan govt for developing greenfield airport at Kota.

An MoU was signed between the Airports Authority of India( AAI), the Urban Development Department, the government of Rajasthan, and the Civil Aviation Department, for the development of Kota Greenfield Airport in Rajasthan.the Greenfield airport at Kota will be constructed on 440.086 hectares of land for which a Detailed Project Report (DPR) is being prepared by the AAI.

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Airports Authority signs MoU with Rajasthan govt for developing greenfield airport at Kota.

As per the MoU, the government of Rajasthan will provide land for the development of the greenfield airport and AAI will be responsible for the construction, development, and operation of the airport. The goal is to make the airport operational within two years of the beginning of the construction.

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Airports Authority signs MoU with Rajasthan govt for developing greenfield airport at Kota.

The MoU was signed in the presence of Rajasthan Chief Minister Bhajanlal Sharma. The MoU was signed by Chairman of AAI Sanjeev Kumar, Additional Chief Secretary to CM Sharma and Civil Aviation, Shikhar Agarwal, and Rajasthan's Principal Secretary to the Urban Development and Housing Department, T. Ravikant.

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Shri Dharmendra Pradhan signing of Letter of Intent between Atal Innovation Mission and World Intellectual Property.

Union Minister for Education Shri Dharmendra Pradhan, in New Delhi, presided over the signing of the ‘Letter of Intent’ between Atal Innovation Mission (AIM) and World Intellectual Property Organization (WIPO), the United Nations agency that serves the world’s innovators and creators.

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Shri Dharmendra Pradhan signing of Letter of Intent between Atal Innovation Mission and World Intellectual Property.

Both WIPO and AIM-NITI Aayog intend to jointly work on structuring programs to take India’s Innovation Model(ATL & AIC)to other countries. Both organizations shall also closely collaborate in the designing and implementation of various IP training and capacity-building programs,taking into consideration the specific requirements of the ecosystem of the target beneficiaries.

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Shiksha Saptah Organised by Department of School Education and Literacy.

The Department of School Education and Literacy is observing Shiksha Saptah from, July 22 to 28, 2024, celebrating the 4th anniversary of the National Education Policy (NEP 2020). The week-long event will include collaborations and highlight the educational reforms introduced by the NEP 2020.

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Shiksha Saptah Organised by Department of School Education and Literacy.

Each day of the week is dedicated to a different aspect of education providing teachers, students, and stakeholders with insights into various aspects encouraging the overall development of those involved. The aim is to promote collaboration and the impactful educational reforms introduced by NEP 2020 among students, educators, and stakeholders.

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Shiksha Saptah Organised by Department of School Education and Literacy.

DAY 1 - MONDAY - July 22, 2024 TLM (Teaching-Learning Material) Day, DAY 2 - TUESDAY - July 23, 2024 FLN Day, DAY 3 - WEDNESDAY – July 24, 2024 Sports Day, DAY 4 -THURSDAY – July 25, 2024 Cultural Day, DAY 5 - FRIDAY – July 26. 2024 Skilling and Digital Initiatives Day, DAY 6 - SATURDAY – July 27, 2024 Mission Life/School Nutrition Day, DAY 7-, Community Involvement Day.

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Abhinav Bindra Awarded Prestigious Olympic Order By IOC; Becomes First Indian To Receive Award.

The International Olympic Committee Executive Board has decided to award India’s first individual Olympic gold medallist Abhinav Bindra with the Olympic Order for his outstanding services to the Olympic Movement. The award will be given during the 142nd IOC Session in Paris on 10th of August 2024.

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Abhinav Bindra Awarded Prestigious Olympic Order By IOC; Becomes First Indian To Receive Award.

The Olympic Order is the highest award of the IOC, given for distinguished contributions to the Olympic Movement. 41-year-old Bindra won the men’s 10-meter air rifle event at the 2008 Beijing Games and became the first Indian individual to win an Olympic gold medal. Bindra has also been a member of the IOC Athlete Commission since 2018.

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China makes world's first high-speed carbon fiber train.

China recently presented a ground-breaking advancement in high-speed rail technology, cementing its position as a global leader in the sector. According to Interesting Engineering, the country has unveiled the first carbon fiber-only passenger train in history. The world looks to China's vast high-speed rail network, which currently covers around 28,000 miles.

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China makes world's first high-speed carbon fiber train.

As per the reports of Yahoo Tech, this advanced train can reach a top speed of 87 mph. It is expected to consume 7% less energy than a typical steel train, according to Qingdao Sifang. This is a notable advancement in sustainable transportation since the decrease in energy usage is in line with larger environmental objectives.

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India will contribute $1 million to Unesco World Heritage Centre: PM Modi.

Prime Minister Narendra Modi announced that India will contribute one million dollars to the UNESCO World Heritage Centre to provide support for heritage conservation in countries, especially in the Global South. Speaking at the inauguration of the 46th session of the World Heritage Committee at Bharat Mandapam in New Delhi, PM Modi announced this.

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Pi Approximation Day | 22 July.

Pi Approximation Day is celebrated every year on July 22nd because the date (22/7) is commonly used as an approximation for the mathematical constant Ï€ (pi). Pi denotes the relationship between a circle’s circumference and its diameter and is denoted by the fraction 22/7 which calculates approximately to 3.14.

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National Flag Day | 22 July.

National Flag Day is observed on July 22 and commemorates the Constituent Assembly's 1947 adoption of India's tricolour flag, just weeks before the country's August 15 independence from British colonial authorities. The National Flag Adoption Day was first celebrated in 2002, by the Government of India.

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