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India Ratings predicts India’s GDP for FY21 at -11.8%; FY22 at 9.9%

September 9, 2020
GDP
  • India Ratings and Research has projected India’s FY21 GDP growth forecast at -11.8% as against its earlier prediction of -5.3%. For FY22, India Ratings and Research projects India’s GDP at 9.9%. The rating agency estimates the economic loss in FY21 to be Rs 18.44 lakh crore.

Silver Lake to invest Rs 7500 crore in Reliance Retail for 1.75% stake

September 9, 2020
Reliance Retail
  • Reliance Retail has raised Rs 7,500 Crore by selling 1.75% Stake to American private equity player Silver Lake. The investment was announced by Mukesh Ambani-led Reliance Retail Ventures Limited (RRVL).

SBI to launch loan product ‘SAFAL’ for organic cotton growers

September 9, 2020
SBI
  • State Bank of India will launch a loan product, SAFAL, for organic cotton growers with the help of Artificial Intelligence (AI) and Machine Learning (ML).
  • SAFAL stands for Safe and Fast Agriculture Loan.

Apple is set to launch its first ‘floating’ store in Singapore

September 9, 2020
Apple
  • Apple is set to launch its first ‘floating’ store in Singapore on 10th September. The first-of-its-kind store has a sphere-shaped all-glass dome structure that is fully self-supported, and made up of 114 pieces of glass, held together by only 10 narrow vertical mullions for structural connection.

Andhra Pradesh launches ‘YSR Sampoorna Poshana’ scheme

September 9, 2020
Andhra Pradesh Govt
  • Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy has launched two nutrition schemes ‘YSR Sampoorna Poshana’ and ‘YSR Sampoorna Poshana Plus’ to provide nutritious food to pregnant women, lactating mothers and children in the state.

Patrika Gate in Jaipur inaugurated by PM virtually

September 9, 2020
Patrika Gate
  • On 8th September 2020 Prime Minister Shri Narendra Modi inaugurated the Patrika Gate in Jaipur, Rajasthan virtually.
  • Jaipur’s Patrika Gate will enhance the pride of the state and will also be a Gateway of Rajasthan along with a new tourist destination.

Swanidhi Samvaad with MP street vendors hold by PM Narendra Modi

September 9, 2020
PM Modi
  • Prime Minister Narendra Modi is holding Svanidhi Samvaad today with all the street vendors of Madhya Pradesh through video conference.
  • Around 4.5 lakh street vendors have registered under the scheme in Madhya Pradesh.

5 PSUs under to join International Solar Alliance Coalition

September 9, 2020
International Solar Alliance Coalition
  • Five Public Sector Undertakings (PSUs) under the Petroleum Ministry will be joining the International Solar Alliance Coalition for Sustainable Climate Action (ISA-CSCA) as the Corporate Partners. This is announced by the Petroleum and Natural Gas Minister, Dharmendra Pradhan.

9th September International Day to Protect Education from Attack

September 9, 2020
International Day to Protect Education from Attack
  • International Day to Protect Education from Attack is observed on 9 September to raise awareness regarding the importance of safeguarding schools as places of protection and safety for students and educators and the need to keep education at the top of the public agenda.
  • The Day is being celebrated for the first time in 2020.

DRDO tested Hypersonic Technology Demonstrator Vehicle

September 8, 2020
Hypersonic Technology Demonstrator Vehicle
  • Defence Research and Development Organisation (DRDO) successfully tested the Hypersonic Technology Demonstrator Vehicle which has been developed indigenously.

Jiri Menzel, oscar-winning Czech director passes away

September 8, 2020
Jiri Menzel
  • Jiri Menzel, Oscar-winning Czech film director passed away. He was awarded an IIFA Lifetime Achievement Award in November 2013.

Ian Bell announces retirement from professional cricket

September 8, 2020
Ian Bell
  • Former stylish batsman Ian Bell announced he will retire from all forms of cricket at the end of the 2020 domestic season.

FADA appoints Vinkesh Gulati as its new President

September 8, 2020
Vinkesh Gulati
  • The Federation of Automobile Dealers Associations (FADA) has appointed its 35th President for the year 2020-22 as Vinkesh Gulati. He succeeds Ashish Harsharaj Kale as the new FADA President.

Non-Executive Chairman of IDFC First Bank Rajiv Lall resigned

September 8, 2020
Rajiv Lall
  • IDFC First Bank’s Part-Time Non-Executive Chairman Rajiv B Lall has resigned. He was the founder MD and CEO of IDFC Bank.

NSO’s Report on Literacy Rate

September 8, 2020
NSO’s Report on Literacy Rate
  • The National Statistical Office (NSO) released a report titled ‘Household Social Consumption: Education’. As per the report Kerala topped the list while Andhra Pradesh emerged as the least literate state, standing below Bihar.
  • Delhi stands at second position with 89% literacy rate. Uttarakhand is at number three with a literacy rate of 87.6% while Assam freezes at number four with 85.9% literacy rate.

Himachal Pradesh signed MoU with World Bank for Roads Transformation Projects

September 8, 2020
World Bank
  • Himachal Pradesh signed MoU with World Bank of worth $82 million loan for Roads Transformation Projects in the state.

Guidelines for banks for resolution of COVID-19-related stressed assets in 26 sectors released

September 8, 2020
Reserve Bank Of India (RBI)
  • Guidelines for banks for resolution of COVID-19-related stressed assets in 26 sectors Released by Reserve Bank of India (RBI) on September 7, 2020. These 26 sectors include aviation, tourism and auto components.
  • The resolution plan is based on the recommendations of the KV Kamath Committee, which submitted its report on September 4, 2020.

Third Annual Indo-Pacific Business Forum to be held in Hanoi in October 2020

September 8, 2020
Third Annual Indo-Pacific Business Forum
  • The third annual Indo-pacific Business Forum is scheduled to be held in Vietnam’s capital Hanoi on October 28 and 29, 2020.

S Jaishankar to leave for Russia to attend SCO Foreign Ministers meet

September 8, 2020
S Jaishankar
  • External Affairs Minister Dr S Jaishankar is scheduled to leave for Shanghai Cooperation Organisation (SCO) Foreign Ministers’ meet in Moscow on September 8, 2020.

Electronic Hardware Manufacturing Policy 2020 released by TamilNadu

September 8, 2020
Electronic
  • New Electronic Hardware and Manufacturing Policy-2020 released by TamilNadu with an aim at increasing the state’s electronics industry output to $100 billion by 2025.

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