PM Modi inaugurates Himachal Pradesh Global Investors Meet
Prime Minister Narendra Modi inaugurated the two-day Himachal Pradesh Global Investor Meet 2019 in Dharamshala, Himachal Pradesh.
PM Modi addressed the Global Investors Conference, PM Modi said that the Global Investors Summit in Dharamshala sounds a bit strange to hear but it the truth.
Himachal Pradesh Global Investors Meet will showcase investment opportunities in eight major sectors. These eight sectors are – agriculture, manufacturing, pharmaceuticals, tourism, hotels, civil aviation, hydropower and renewable energy.
Government sets up Rs.25,000 crore fund to revive stalled housing projects
The Union Cabinet approved the setting up of aRs 25,000-crore alternative investment fund (AIF) to revive around 1,600 stalled housing projects across top cities in the country.
The government will put in 10 thousand crore rupees in the Alternative Investment Fund (AIF) while State Bank of India and Life Insurance Corporation will provide 15 thousand crore rupees taking the total size to 25 thousand crore rupees
The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories,
The government has decided to include projects declared as non-performing assets and those which are undergoing insolvency at the National Company Law Tribunal (NCLT) to be considered for financing from the AIF.
The funding will be possible only if they are registered under the Real Estate (Regulation and Development) Act or RERA.
However, those which have already got orders from NCLT for liquidation will not be considered.
First ever ‘BIMSTEC Ports’ Conclave’ held in Vishakhapatnam
The Minister of State (I/C) for Shipping,Shri Mansukh Mandaviya will inaugurate tomorrow the first ever ‘BIMSTEC Ports’ Conclave’at Visakhapatnam in Andhra Pradesh
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an International Organization involving a group of countries in the South Asia and South East Asia namely, Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal
The conclave will discuss on how ports can become centres for industrialisation and tourism. Safety and security of ports, ease of doing business, green port operations and other aspects will also be deliberated
Odisha government signs pact with Tata Strive, Tech Mahindra for skill upgradation
The Odisha state government signed agreements with Tata Strive and Tech Mahindra to add new dimensions in skilling and employability of the youth
The agreement between Directorate of Technical Education and Training and Tata Strive is aimed at imparting life skills to the students of all 49 government Industrial Training Institutes (ITIs) in the state
The pact between Tech Mahindra and the Biju Patnaik University of Technology will see setting up of a centre for excellence in artificial intelligence and machine learning. It will work on the proof of concept for real-life business problems to keep up with the market demand and enhance employability of engineering students.
The Indian Coast Guard (ICG) tested its efficiency and preparedness during the Regional Level Search and Rescue Workshop and Exercise 2019 (ReSAREX- 19) conducted off Goa coast
The two days event organised by the Coast Guard District Headquarters – 11 (Goa) comprised of search and rescue workshop and table top exercise conducted on November 5 and was followed by search and rescue exercise at sea on November 6
Five ICG ships, Dornier aircraft, two Chetak helicopters were used for the workshop, he said, adding that resources from Captain of Ports, State Marine Police, Indian Mission Control Centre (Bengaluru), Goa state administration, Goa Medical College and Marmugao Port Trust were also pressed into service.
Biennial Commonwealth Law Ministers’ Conference begins in Colombo, Sri Lanka
The biennial Commonwealth Law Ministers’ Conference began in Colombo
The theme of the conference is Equal Access to Justice and the Rule of Law.
Union Minister for Law and Justice Ravi Shankar Prasad will be representing India at the conference
The four day conference seeks to address challenges faced by millions of people seeking to resolve legal problems or disputes
Banking & Finance
Ujjivan Small Finance Bank Launches Instant Digital Savings and Instant Fixed Deposit Account
Ujjivan Small Finance Bank launches Digital Savings Account along with Fixed Deposit and Privilege Savings Account to offer distinctive banking and digital services to its customers.
Instant Savings Account will allow customers to instantly open and operate a savings account through mobile phones or a computer with just two documents – Aadhaar Card and Pan Card
One can deposit up to a maximum amount of Rs. 1 Lakh in this account and additional deposits can be done by ensuring due full KYC in Ujjivan SFB’s respective branches.
Instant FD can also be opened to a maximum of Rs. 1 Lakh without a Savings Account.
Customers will also enjoy unlimited free transaction on Ujjivan SFB ATM and six free transactions on other bank ATMs every month with Digital Savings Account.
Ujjivan SFB has also launched a Privilege Savings Account that offers Platinum Debit card, domestic airport lounge access, home branch facility across 552 Ujjivan SFB branches with unlimited transaction on any ATM and a higher accidental insurance cover of Rs. 2 Lakh
Business & Economy
Tech Mahindra acquires New York-based BORN Group for $95 million
IT major Tech Mahindra Ltd has acquired New York headquartered media outsourcing firm Born Group Pte. Ltd for $95 million.
Born Group offers end-to-end digital engagement, such as strategy consulting, content creation, digital production, eCommerce and CMS (Content Management System) implementations and data driven UX (User Experience).
Born is owned by private equity firm True North and Zodius Capital
Tech Mahindra will acquire the Indian subsidiary of Born Group – Born Commerce Private Ltd
Smriti Mandhana becomes Second Fastest Indian to Score 2000 ODI Runs
Smriti Mandhana has become the second Indian batsman to score the fastest 2,000 runs in ODIs. The left-handed batsman achieved this feat in the third and last ODI against the West Indies at the Sir Vivian Richards Stadium.
Mandhana took 51 innings to score 2,000 runs. She has become number three in the list of players who have scored the fastest two thousand runs in the world.
She is on the third position after Belinda Clarke and Meg Lenning of Australia. Shikhar Dhawan is the only player who has achieved this feat.
Official emblem for FIFA U-17 Women’s World Cup released
India is the host of FIFA U-17 Women’s World Cup 2020. An official emblem was recently released in Mumbai for the event.
The design of the emblem is a combination of Indian culture and the natural world along with colourful elements.
The unique form of Indian calligraphy has used to write ‘India 2020’ as a symbol of the program. Also, a stylish Indian bandhani design used to create the design of football with a floral reference.
Appointment & Resignation
Sheikh Khalifa bin Zayed Al Nahyan re-elected as President of UAE
Sheikh Khalifa bin Zayed Al Nahyan has been elected as President of UAE for a fourth five-year term.
The UAE’s Supreme Council of the Union elected him for the first time as President on 3rd November 2004.
Sheikh Khalifa bin Zayed Al Nahyan is leading the country after the death of the Founding Father.
Sudhir Mital elected as president of Gymnastics Federation of India
Former Competition Commission of India chairman Sudhir Mital and Shantikumar Singh were on elected as president and general secretary respectively, of the Gymnastics Federation of India(GFI)
Mital, a retired IAS officer of Punjab cadre, was a former president and served as GFI chief from 2003 to 2007. He served as chairman of Competition Commission of India in 2018 after joining the organisation in 2014 as a member.
Shantikumar, a former national level gymnast from Manipur, had earlier served as GFI treasurer from 2011 to 2015 and then got elected as secretary in the 2015 elections.
Award & Honors
TVS Motor Chairman Venu Srinivasan bags Deming award in Tokyo
Venu Srinivasan Chairman of TVS Motor Company has been conferred with the prestigious Deming ‘Distinguished Service Award For Dissemination and Promotion Overseas
Srinivasan becomes the first industrialist from India to be bestowed this award for his contributions in the field of total quality management (TQM).
The award, which is sponsored by the Japanese Union of Scientists and Engineers (JUSE), was presented at a ceremony held in Tokyo, Japan
Indian companies have won the maximum Deming Prize (28) followed by Japan (19), Thailand (12), China (3) and others
The Deming Prize is the highest award for TQM in the world. Deming ‘Distinguished Service Award for Dissemination and Promotion Overseas’ is given to individuals who have made outstanding contributions in the dissemination and promotion of Total Quality Management (TQM)
Govt launches three books on Guru Nanak Dev
Food Processing Industries Minister Harsimrat Kaur Badal and HRD Minister Ramesh Pokhriyal Nishank launched three books based on Guru Nanak Dev.
These books are – Guru Nanak Bani’, ‘Nanak Bani’, and ‘Sakhian Guru Nanak Dev’. These books were released with an objective to spread the message of Guru Nanak Dev’s writings among masses.
HRD Minister said that these books were originally written in Gurumukhi but will be translated into 15 different Indian languages.
Former Maharashtra minister Babasaheb Dhabekar passed away
Former Maharashtra minister Babasaheb Dhabekar has passed away
Dhabekar was the water resources minister when the Shiv Sena-BJP alliance government was in power in the 90s.