According to the President of India, construction or upgradation of about 35,000 kilometres of national highways are to be undertaken by 2022 under the ‘Bharatmala Project’. Also, under the ‘Sagarmala Project’, a network of good quality roads are to be constructed in coastal areas and areas adjoining ports. |
Source: The Live Mint |
According to Department for Promotion of Industry and Internal Trade, Fund of Funds for Startups have provided financial support to 249 startups in last 3 years. The DPIIT is the monitoring agency and Small Industries Development Bank of India is the operating agency for FFS. FFS contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs).These AIFs in turn have to invest at least twice the contribution under FFS in startups. |
Source: The Business Standard |
IT firm Tech Mahindra has signed a multi-year contract with Airbus for cabin and cargo design engineering. The contract aims to capitalise on the specialised skills and competencies in the growing cabin engineering business over the next few years. |
Source: The Hindu |
World Archery appointed Abhinav Bindra as an independent person to sort out the ongoing mess in the Archery Association of India (AAI). AAI violated the constitution by unanimously electing two parallel bodies in Chandigarh and New Delhi. |
Source: The Hindu |
Competition Commission of India (CCI) has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank. Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance in a share swap deal with intent to create a combined entity with a larger capital base and wider geographical reach. After the merger, Indiabulls Housing Finance will get access to low cost deposits, geographical diversification and expanded client base and cross selling opportunities. |
Source: The Live Mint |
A Standing Group of Secretaries (GoS) has been constituted on e-Commerce by Ministry of Commerce and Industry. GoS under the Chairmanship of Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) is constituted to ensure inter-ministerial/inter-departmental coordination on resolving issues, cutting across Ministries and Departments of Government of India in e-Commerce. |
Source: The Hindu |
NSE Clearing Ltd. will head the panel set up by SEBI to review margins on derivatives. The panel will submit its recommendations to the Secondary Market Advisory Committee. These margins on the derivatives segment are pushing up the cost of trading while not managing risk in the most efficient manner. |
Source: The Hindu |
World Refugee Day is celebrated around the world on 20th June to raise awareness about the precarious condition of refugees around the world who have been forced to leave their homes due to war, persecution and conflict. Theme for 2019: Step With Refugees — Take A Step on World Refugee Day |
Source: The First Post |
WHO offers a new tool “AWaRe” to contain rising antimicrobial resistance and make antibiotic use safer and more effective. |
AWaRe classifies antibiotics into three groups:
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Source: The World Health Organization |
The Himachal Pradesh government makes mandatory for trekkers to carry a GPS device so that they can be provided all possible help in case of any emergency. According to the Himachal Pradesh government, as Himachal Pradesh being a disaster prone state, therfore
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Source: The Business Standard |
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