Focus Merit

Category: All Current Affairs

Hockey Legend Ashok Kumar to be Conferred with Mohun Bagan Lifetime Achievement Award

July 16, 2020
Ashok Kumar
  • Ashok Kumar will be conferred with the Lifetime Achievement Award by city’s iconic club Mohun Bagan on the occasion of its foundation day in a virtual ceremony in the wake of the COVID-19 pandemic.
  • Besides the 1975 gold, the 70-year-old Kumar had also won bronze (1971) and silver (1973) medals in World Cups, besides a bronze medal in the 1972 Munich Olympics.

Ved Parkash Dudeja, vice chairman, RLDA awarded ‘Infra Business Leader of the Year’

July 16, 2020
Ved Parkash Dudeja

Ved Parkash Dudeja, vice chairman, Rail Land Development Authority (RLDA) was recently awarded the coveted ‘Infra Business Leader of the Year’ award for 2020 by the Rail Infra and Mobility Business Digital Awards (RIMBDA).

Shri Shripad Naik inaugurated the conference on Defence Manufacturing Technologies and Aerospace

July 16, 2020
Aero defence
  • The conference on Defence Manufacturing Technologies and Aerospace is inaugurated by the Union Minister of State for Defence Shri Shripad Naik.
  • The theme of the conference: Empowering India with Atma Nirbhar Bharat Mission
  • Organizers: Tamil Nadu Technology Development Promotion Centre, Confederation of Indian Industry and Society of Indian Defence Manufacturers.
  • Objective: to promote Atma Nirbhar Bharat Abhiyan and Make in India initiative.

AAI & BEL signs MoU for co-operation in the civil aviation sector

July 16, 2020
AAI & BEL
  • Airports Authority of India (AAI) has entered into an MoU with Navratna defence PSU Bharat Electronics (BEL).
  • Objective of this MoU is to provide a platform for both the companies to collaborate and support each other to address the emerging global opportunities in the airport business, including those in the Asia Pacific region.
  • The MoU would provide for synergy between the two organisations in their respective domains, leading to mutually beneficial solutions in the field of aviation.

To help teachers to run online classes, Google partners with CBSE

July 16, 2020
google
  • Google announced that it is partnering with CBSE, an Indian schooling body, to help 1mn teachers run online classes by year end.
  • Google will help teachers from 22,000 schools across India to conduct classes online through tools such as YouTube, Google Classrooms, and GSuite.
  • These tools will be available in eight Indian languages including Hindi & Gujarati.

Mukesh Ambani is now the world’s 6th richest man

July 16, 2020
Mukesh Ambani
  • Mukesh Ambani surged past Silicon Valley tech titan Elon Musk as well as Alphabet co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
  • The chairman of Reliance Industries, whose wealth surpassed Warren Buffett’s last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index.

Google will acquire 7.7 percent stake in Jio Platforms

July 16, 2020
google jio
  • Google will acquire a 7.7% stake in Jio Platforms worth Rs 33,737 crore.
  • For Google, this is the “first and biggest investment” from the recently announced $10-billion India fund by its CEO Sundar Pichai.
  • The two companies will jointly develop an operating system for an entry-level smartphone that will support 5G and target India’s 350 million feature-phone users.

HSBC to set up IFSC Banking Unit at GIFT city in Gandhinagar

July 16, 2020
HSBC
  • HSBC- the Hongkong and Shanghai Banking Corporation Limited is to set up the IFSC Banking Unit at Gujarat International Finance Tec City, GIFT city in Gandhinagar Gujarat.
  • This development marks a major milestone for HSBC in India, which has been present in the country for more than 160 years.

A Project worth Rs 44 lakhs is launched by NABARD in Andaman and Nicobar Islands

July 16, 2020
NABARD
  • In Andaman and Nicobar Islands, NABARD has launched development projects worth rupees 44 lakhs in order to strengthen the concept of Atmanirbhar Bharat through rural entrepreneurship.
  • It includes the formation and development of Self-Help Groups, SHGs. The skill development of SHGs members will be taken up to promote rural entrepreneurship at the micro-level.
  • NABARD will conduct 385 village-level programmes and provide training to leaders of newly Shri Shripad Naik inaugurated the conference on Defence Manufacturing Technologies and Aerospace.

National Bank of Agriculture and Rural Development (NABARD) to provide a credit support to Bengal in Coronavirus Crisis

July 16, 2020
NABARD
  • To fight with the COVID-19 pandemic, National Bank of Agriculture and Rural Development (NABARD) to provide a credit support of Rs 1,607 crore to West Bengal.
  • The help was provided through state cooperative banks, regional rural banks and micro-finance institutions.
  • Of the total credit flow, Rs 145 crore was given under the Rural Infrastructure and Development Fund (RIDF) to boost infrastructure in the country-side during the pandemic.