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Aerospace Scientist Shri Roddam Narasimha passes away

December 16, 2020

Famous aerospace scientist and Padma Vibhushan awardee, Roddam Narasimha has passed away. He had served at the esteemed Indian Institute of Science (IISc), where he taught Aerospace Engineering from 1962 to 1999.

Former Australian Test cricketer all-rounder Eric Freeman passes away

December 16, 2020

Former Australia Test all-rounder, Eric Freeman has passed away. He made his Test debut against India at the Gabba (Brisbane Cricket Ground) in 1968 during which his opening shot was a six, and he became the first player to attain the feat.

India Post Payments Bank starts new digital payment app ‘DakPay’

December 16, 2020

The India Post Payments Bank (IPPB) along with the Department of Posts (DoP) started a digital payment application called ‘DakPay’ on 15 December 2020, in an attempt to provide Digital Financial inclusion at the last mile across India.

PM Modi initiates the world’s largest renewable energy park in Gujarat

December 17, 2020

Prime Minister Narendra Modi inaugurated 30,000 megawatts (MW) capacity hybrid renewable energy park in the Kutch district of Gujarat.
It will be the largest renewable energy park of its kind in the world. It is expected to play a major role in fulfilling India’s vision of producing 450 GW (4,50,000 MW) of power by 2030.

GoI signs $1-bn loan pact with NDB to support Indian Economy

December 17, 2020

The Government of India and the New Development Bank (NDB) have inked a loan agreement worth $1,000 million for ‘strengthening India’s economic recovery from COVID-19’. The loan has a tenor of 30 years, including a 5-year grace period.

Canara Bank starts “FX 4 U” for forex remittance via Internet Banking

December 17, 2020

Canara Bank has started FX 4 U that enables its whole internet banking users to handle forex transactions hassle-free.
FX 4 U is used for forex remittance via internet banking. With this development, eligible customers will be able to undertake a remittance facility in adherence to the FEMA regulations 1999.

India and World Bank ink $400 million projects to protect India’s poor

December 17, 2020

The Government of India and the World Bank have inked a $400 million project to guard vulnerable groups in urban and peri-urban areas across the country affected by COVID-19.
This is the second such assistance in the series of two ‘Accelerating India’s COVID-19 Social Protection Response Programme’. Under the first operation, $750 million was recommended by World Bank in May 2020.

SBI Ecowrap Report predicts India GDP to contract 7.4% in FY21

December 17, 2020

The State Bank of India, in its research report ‘Ecowrap’ has updated the GDP growth of India at (-) 7.4 percent in FY21.
Earlier this prediction was (-) 10.9 percent. The SBI research report has also forecast India’s GDP growth in FY22 at 11 percent.

Prasar Bharati CEO Shashi Shekhar Vempati designated as Vice President of ABU

December 17, 2020

The CEO of Prasar Bharati, Shashi Shekhar Vempati has been selected as the Vice President of Asia Pacific Broadcasting Union (ABU) for a period of three years. Prasar Bharati is India’s largest public broadcasting agency.

SAIL receives the Golden Peacock Environment Management Award 2020

December 17, 2020

Steel Authority of India Limited (SAIL) has been conferred the esteemed Golden Peacock Environment Management Award for the year 2020 in the Steel Sector by the Institute of Directors.
The company has been the winner of this award for consecutive two years and this shows testimony to the efforts made by it for sustainable and environmentally responsible steel making. This award is one of the most coveted awards in the category.

India stands 131 in the Human Development Index 2020

December 17, 2020

According to the report published by the United Nations Development Programme (UNDP), India has been dropped two positions to 131 among 189 countries in the 2020 Human Development Index.
Norway topped the index, followed by Ireland, Switzerland, Hong Kong and Iceland, the report revealed.

Kylie Jenner tops Forbes’ list of highest-paid celebrities of 2020

December 17, 2020

American media personality and reality TV star, Kylie Jenner has been topped the highest-paid celebrity of 2020 by Forbes.
The top-earning stars in the world earned a combined of $6.1 billion in 2020 with Kylie Jenner. Placing aside Kylie’s history with Forbes, the financial experts there calculated her earning this year to be at $590 million after she sold a majority of her beauty brand’s stake to Coty Inc.

ISRO inaugurated a dedicated control center ‘NETRA’ for SSA

December 17, 2020

The Indian Space Research Organization (ISRO) has inaugurated a dedicated Space Situational Awareness (SSA) Control Centre called “NETRA”, at its ISTRAC campus at Peenya, Bengaluru.
The ISRO SSA Control Centre ‘NETRA’ was formally introduced by ISRO Chairman K Sivan.

NASA chooses Raja Chari as commander of SpaceX Crew-3 mission

December 17, 2020

NASA and the European Space Agency (ESA) have chosen Indian-American Raja Chari to be the Commander of the SpaceX Crew-3 mission to the International Space Station. Presently Raja Chari is a colonel in the US Air Force.

Qatar to host 2030 Asian Games, 2034 edition in Saudi Arabia

December 17, 2020

The 2030 Asian Games were bestowed to Doha, Qatar and the 2034 event went to Riyadh, Saudi Arabia after a deal was struck between the rival nations.
Doha beat Riyadh for the 2030 Games in the vote at the Olympic Council of Asia’s (OCA) general assembly.

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