 “YUKTI 2.0” platform has been virtually launched by the Union Minister of Human Resource Development, Ramesh Pokhriyal ‘Nishank’. The platform will help in systematically adopting the technologies having commercial potential and information related to incubated startups in our higher education institutions. The Young India combating COVID with Knowledge, Technology and Innovation (YUKTI) platform seeks to cover the different dimensions of COVID-19 challenges in a very holistic and comprehensive way. The platform has been developed by the Ministry of HRD. YUKTI 2.0 is logical extension of earlier version of ‘YUKTI’ and has been launched to find out ideas relevant in COVID pandemic. With the help of this platform, MHRD aims to identify innovative solutions from India’s higher and technical institutions. During the launch, HRD minister encouraged students, faculty members, startups including other stakeholders of higher education institutions to get them registered on the YUKTI portal and share their technologies and innovations. |
 The Food Processing Edition of the “Exclusive Investment Forum” has been launched by the Union Food Processing Industries Minister Harsimrat Kaur Badal. It has been designed by the Invest India, the National Investment Promotion & Facilitation Agency of the Government of India. Investment Facilitation Cell of Ministry of Food Processing Industries (MoFPI) was also established during the forum to handhold both domestic and foreign investors for doing business in India. The “Exclusive Investment Forum” is a sectoral series to conduct comprehensive conversations among global industry leaders and key decision makers from the highest levels of the Central and State Governments. The senior most policy makers from Union Government and 6 State Governments namely Andhra Pradesh, Assam, Madhya Pradesh, Punjab, Telangana and Uttar Pradesh participated in the forum. |
 The Karnataka Bank has rolled out a new product titled “KBL Micro Mitra” for the Micro entrepreneurs. Under the newly launched product, the Micro manufacturing and service enterprises will be offered a financial assistance of up to Rs 10 lakhs. This financial assistance would be provided either for working capital or for investment purposes. The financial assistance facility comes with a simplified procedure and competitive rate of interest. KBL Micro Mitra would be available for the Micro entrepreneurs across India through all the branches of Karnataka Bank. This will ensure timely credit assistance to the micro entrepreneurs who are playing an instrumental role in the recovery of the economy both in rural and urban India. |
 Indian Financial Technology & Allied Services (IFTAS) has announced the appointments of T Rabi Sankar as the Chairman of the organization. IFTAS is a wholly-owned subsidiary of Reserve Bank of India. T Rabi Sankar, currently serving as Executive Director, Reserve Bank of India for Payment Systems, Information Technology, Risk Management and Fintech has taken over concurrent charge, ex officio, as the Chairman of IFTAS. Agency also appoints Dr N Rajendran as the Chief Executive Officer (CEO) of the organization. He is a leading expert in the field of Payments & Banking Systems and holds a PhD in computer science. With an outstanding track record in strategizing, people and technology management, cybersecurity, administration, thought leadership and project & business execution. |
 Tamil Nadu Chief Minister, K. Palaniswami has inaugurated compressed biogas (CBG) Plant in Namakkal. They inaugurate this plant through video conference in the presence of Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan. The cost of compressed biogas plant (CBG) is Rs 25 crore. The new plant can make 15 tonnes of CBG per day and 20 tonnes of bio manure per day. Chief Minister also inaugurated the five CBG retail outlets in Namakkal, Salem, Puduchathiram and Rasipuram. The CBG plant belongs to IOT, a joint venture between Indian Oil Corporation (IOC) and German company Oiltanking GmbH. |
 Former Indian shooter and coach Pournima Zanane passed away due to cancer. She represented India at multiple ISSF World Cups, Asian Championships, Commonwealth Championships, amongst other tournaments. Pournima Zanane was a national record holder in 10m Air Rifle event. |
 In order to boost Infrastructure projects across all the sectors at a time of a global pandemic, several decisions were taken by the Union Cabinet under the chairmanship of Prime Minister of India Narendra Modi on 24th June 2020. |
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 This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal Enterprises (MSMEs) Nitin Gadkari launched the scheme. After consultation with the Reserve Bank of India, SIDBI, and the Ministry of Finance, the scheme was approved by the Committee on Economic Affairs. |
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 Vijay Khanduja has been appointed as the next Ambassador of India to the Republic of Zimbabwe. He is presently serving as Director in the Ministry of External Affairs(MEA). Vijay Khanduja will replace R. Masakui as the next Ambassador of India to Romania. |
 The World Bank has approved USD 1.05 billion for three projects in Bangladesh to generate quality jobs and boost economic recovery in the wake of the COVID-19 pandemic. The three projects namely: Private Investment and Digital Entrepreneurship (PRIDE), Enhancing Digital Government and Economy (EDGE), and Second Programmatic Jobs Development Policy Credit, are expected to help the economy in its recovery by generating jobs and encouraging direct private investment in specialized economic zones. |
About the three projects:
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