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IRDAI makes group to find space for selling Surety Bonds led by G. Srinivasan

July 3, 2020
IRDAI
  • The Insurance Regulatory and Development Authority of India (IRDAI) has formed a nine-member working committee to see at the chance of Indian non-life insurers offering Surety Bond to contractors.

World Bank intensifies aid for rejuvenating Ganga, sanctions USD 400 mn

July 3, 2020
World Bank
  • The World Bank on 1st July said it has intensified its assistance for the Government of India’s program to rejuvenate the Ganga river with a USD 400 million (about Rs 3,000 crore) assistance that will support stem pollution in the river.

Intel Capital invests Rs 1894.50 crore in Jio Platforms

July 3, 2020
Jio
  • Reliance Industries has verified that Intel Capital has done an investment of Rs 1,894.50 crore in Jio Platforms. This investment turns into a 0.39% equity stake in Jio Platforms, with an equity value of Rs 4.91 lakh crore and an enterprise cost of Rs 5.16 lakh crore.

Odisha Govt decides to expand green cover under ‘Sabuja Odisha’ over 1.30 lakh hectares

July 3, 2020
Plantation
  • The Odisha Government on 1st June decided to implement a new scheme ‘Sabuja Odisha’ to enhance green cover through widespread plantation over 1,30,264 Hectares of land.

Modi govt plays first move to privatize Railways, invites private players to run 151 trains

July 3, 2020
railways
  • In a notable push to privatization in the Indian Railways, Railways Board chairman VK Yadav stated that by 2023, about 5 percent of traveler train operations will be carried out by the private players, so as to start a jump towards technological advancements and enhanced speeds in the Railway operations.

Govt announces whole Nagaland ‘Disturbed Area’ for 6 more months under AFSPA Act 1958

July 3, 2020
Army
  • Under the Armed Forces Special Powers Act (AFSPA) 1958, the entire Nagaland state has been announced a “disturbed area” for a further period of six months, till December 2020. The AFSPA has been operating upon in Nagaland for around six decades.

West Indies cricket legend Everton Weekes passes away

July 2, 2020
Everton Weekes
  • Famous West Indies batsman Sir Everton Weekes has passed away at the age of 95. Weekes, who scored 4,455 runs at an average of 58.61 in 48 Tests, is the only man to make centuries in five back-to-back Test innings

MoD confirms 33 new fighter jets for IAF in deals worth ₹38,900 crore

July 2, 2020
Fighter jet
  • Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, on 2nd July confirmed deals worth ₹38,900 crore. This includes the procurement of 21 MiG-29 fighter jets for the Indian Air Force (IAF), advance of 59 of them and acquirement of 12 Su-30 MKI planes.

Pulitzer awardee Siddhartha Mukherjee, Prof Raj Chetty wins ‘2020 Great Immigrants’

July 2, 2020
Pulitzer awardee Siddhartha Mukherjee, Prof Raj Chetty wins ‘2020 Great Immigrants’
  • Pulitzer Prize-winning author and oncologist Siddhartha Mukherjee and Professor of Economics at Harvard University Raj Chetty have been nominated by the Carnegie Corporation of New York as ‘2020 Great Immigrants’ honourees.

Kritika Pandey gets 2020 Commonwealth Short Story Prize

July 2, 2020
Kritika Pandey
  • Kritika Pandey has got the 2020 Commonwealth Short Story Prize. The 29-year-old got the coveted recognition for her short story, The Great Indian Tee and Snakes, which moves around an unlikely friendship struck at the background of a tea stall.

Shrikant Madhav Vaidya appointed as IOC Chairman

July 2, 2020
Shrikant Madhav Vaidya
  • Shrikant Madhav Vaidya on 2nd July appointed as the new chairman of Indian Oil Corporation (IOC). Prior to this, Vaidya was working as the Director (Refineries) on the IOC Board, since October 2019.

Ravinder Bhakar designated as CEO of Central Board of Films Certification

July 2, 2020
Ravinder Bhakar
  • Mr. Ravinder Bhakar is appointed as a new Chief Executive Officer(CEO) of the Central Board of Films Certification(CBFC). He is an Indian Railway Stores Service(IRSS) officer from 1999 batch. He has replaced Anurag Srivastava.

Indra Mani Pandey selected as India’s Permanent Representative to UN in Geneva

July 2, 2020
Indra Mani Pandey
  • Indra Mani Pandey has been designated as India’s next Permanent Representative to the United Nations and other international organizations in Geneva. Mr. Pandey replaces Rajiv K Chander in Geneva.

Home Ministry makes national level committee for reform in criminal law; led by Ranbir Singh

July 2, 2020
Home Ministry
  • The Ministry of Home Affairs (MHA) has formed a national level committee for reform in criminal law, chaired by Ranbir Singh (Vice-Chancellor, National Law University, Delhi). The consultation exercise would begin on July 4 and go on for the next three months.

HDFC Bank starts ‘e-Kisaan Dhan’ App for Farmers

July 2, 2020
HDFC Bank
  • HDFC Bank starts ‘e-Kisaan Dhan’ app for farmers. HDFC Bank on 1st July declared the release of ‘e-Kisaan Dhan’ app for farmers all over India. Through this app, the farmers will be able to access a bouquet of services, both banking and agriculture, by their mobile phones.

India’s GDP may shrink by 6.4% in FY21: Care Ratings

July 2, 2020
GDP
  • Care Ratings on 2nd July updated India’s GDP growth prediction for the current financial year to (-) 6.4 percent as economic activity continues to be under restraint because of the lockdown on account of the COVID-19 pandemic. The rating agency, in May, had predicted a decline in GDP growth of 1.5-1.6 percent in FY21.

Russian voters overwhelmingly back a ploy by President Vladimir Putin to govern until 2036

July 2, 2020
Vladimir Putin
  • President Vladimir Putin has won a loud victory in his effort to remain in power until the middle of the next decade, as Russians voted happily to endorse the country’s political status quo, according to preliminary results.

Uganda to be the first African country to submit REDD+ results paves way for payments

July 2, 2020
Uganda
  • Uganda has become the first African country to submit outcomes for Reducing emissions from deforestation and forest degradation (REDD+) to the United Nations Framework Convention on Climate Change (UNFCCC).

India ties ‘Alliance for Poverty Eradication’ at UN as founding member

July 2, 2020
UNO
  • India has become a founding member of an Alliance for Poverty Eradication at the UN, started by the President of the General Assembly, targeted at focusing on efforts to uplift the global economy in the aftermath of the COVID-19 pandemic.

On Narasimha Rao’s 100th anniversary, Govt. to release memorial stamp to honor former Prime Minister

July 2, 2020
Narasimha Rao
  • The Centre Government on 30th June declared the launch of a commemorative stamp in the honour of late PM PV Narasimha Rao. The decision comes a day after the country observed the 100th birth anniversary of Rao.

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