 Prime Minister Narendra Modi will unveil Asia’s largest 750 MW Rewa ultra mega solar plant in Madhya Pradesh via video conference on July 10. The Rewa Ultra Mega Solar is established in the Rewa district of Vindhya region of Madhya Pradesh, with a total solar installed capacity of 750 MW. It is one of the largest single-site solar power plants in Asia. |
 The Karur Vysya Bank (KVB) has entered into a partnership with Star Health and Allied Insurance Co to provide a wide range of health insurance options to its customers. Under the agreement, all the health insurance products of Star Health & Allied Insurance will be made available through all 780 branches of the Karur Vysya Bank. This agreement helps the bank to provide cost-effective insurance products and quick settlement of claims its customers. |
 The Foreign Ministry of the People’s Republic of China had claimed last week that their boundary with Bhutan has never been delimited and there are long-standing disputes between the two countries in eastern, central and western sections. The Royal Bhutanese Embassy in India has clarified China’s claim on 7th July 2020 that the boundary talks between Bhutan and China is under negotiation and hasn’t been demarcated yet. Further Bhutanese Embassy has also stated that 24 rounds of ministerial-level talks have been conducted to date for demarcating the boundary between the two countries, the 25th round of talks was delayed due to the COVID-19 pandemic. |
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 The World Bank has signed a loan agreement of $400 million with Government of India to enhance support for the Namami Gange programme. The loan agreement aims to make the Ganga a clean and healthy river. The loan amount of $400 million comprises a loan of $381 million and a proposed Guarantee of up to $19 million. The new project will aim to stem the pollution levels in the iconic river and work towards strengthening the management of the river basin which is home to more than 500 million people. The World Bank has been supporting the efforts of Government of India since 2011 via the currently active National Ganga River Basin Project. This project has helped in establishing the National Mission for Clean Ganga (NMCG) as the nodal agency to manage the river. |
 G Akash has become India’s 66th Chess Grandmaster. The second council meet of the International Chess Federation (FIDE) for the year 2020 confirmed Akash’s GM title. He won the national title in 2012 and earned the International Master title subsequently. Along with him, Ameya Audi of Goa has earned International Master title. |
 India’s First No-Permission No-Takeoff (NPNT) compliant drone flight on the A200 Remotely Piloted Aircraft System (RPAS) has been completed successfully by Quidich Innovation Labs and Asteria Aerospace. This NPNT drone flight is under the Ministry of Civil Aviation MoCA & DGCA comprehensive policy on the use of Unmanned Aerial Vehicles (UAV), which came into effect on 1st Dec 2018. Quidich, in collaboration with the Drone Federation of India (DFI), has extended its services to Police Departments across multiple states, providing drones for crowd monitoring and surveillance operations during the ongoing Covid-19 crisis. |
 YES Bank has launched a digital solution, “Loan in Seconds” for instant disbursement of retail loans. The account holders identified by the bank can avail this quick loan disbursal facility without any document. The solution aims to provide customers, completely paperless and hassle-free loans to help them meet their immediate financial needs. Eligible customers under ‘Loan in Seconds’ will receive communication from the bank with the link to apply for the loan. |
 A 1983-batch IAS officer, Injeti Srinivas has been appointed as 1st chairman of the International Financial Services Centres Authority (IFSCA) for a period of three years. The Appointments Committee of the Cabinet has approved his appointment. Besides the Chairman, IFSCA has a member each nominated from RBI, IRDAI, SEBI and PFRDA. There are also two members from the Central Government and full-time or part-time members in the Authority. |
 Indian Railway in collaboration with Bharat Heavy Electricals Limited (BHEL) has set up a 1.7 Megawatt solar power plant at Bina, Madhya Pradesh. The project involves the adoption of innovative technology for converting Direct Current to single-phase Alternating Current for feeding directly to Railway’s overhead traction system. The solar power plant has been established near the Bina Traction Sub Station (TSS). It can produce approximately 25 lakh units of energy annually and will save around ?1.37 crore for Railways every year. The project was undertaken by BHEL under its Corporate social responsibility (CSR) scheme. |
 Chief Minister Jai Ram Thakur has announced that the Himachal Pradesh has become the first state in India where 100% households have LPG gas connections. The feat was achieved by the state with the help of ‘Himachal Grihini Suvidha Yojana’ with the help of which the state government covered the left out families in the state, who were not covered under the Central government’s Pradhan Mantri Ujjawala Yojna. According to the Himachal Pradesh government, about 1.36 lakh families of the state have been benefitted under the Pradhan Mantri Ujjawala Yojna while the remaining 2,76,243 families in the state were provided free gas connections under the Himachal Grihini Suvidha Yojana. |
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