Objective: The primary objective of 'Tarkash' is to build functional relations, enhance interoperability, and improve bilateral cooperation between India and the US in combating terrorism.
__________________________________________
The Sebi circular says at least one key personnel should obtain relevant certification from the National Institute of Securities Market by passing the Alternative Investment Fund Managers Certification Examination.Markets regulator Securities and Exchange Board of India (Sebi) has recently tweaked regulations, making it mandatory for at least one key personnel within the investment team of the manager of an Alternative Investment Fund (AIF) to have the relevant certification.As per a Sebi circular dated May 13, the investment team of the manager of an AIF should have at least one key personnel with relevant certification from the National Institute of Securities Market (NISM). This is an eligibility criterion for obtaining certification of registration as an AIF. The requirement needs to be complied with on or before May 9, 2025, for a) existing schemes of AIFs, schemes of AIFs, and b) schemes of AIFs whose application for launch of scheme pending with Sebi as on May 10, 2024.
Circular Details: The circular, dated May 13, specifies that this certification is an eligibility criterion for AIF registration and must be fulfilled by May 9, 2025, for existing and pending schemes.
Enhanced Eligibility Requirement: This amendment aims to enhance professionalism and expertise within AIF management teams, ensuring better compliance and competence in the alternative investment space.
about SEBI
estd : 12 April 1988
CEO : Madhabi Puri Buch
__________________________________________
HDFC Bank PIXEL: India’s first virtual credit card to allow you choose billing cycle, merchants.
HDFC Bank has launched a new virtual credit card called ‘PIXEL’. The card will come in two variants – PIXEL Play and PIXEL Go. PIXEL signifies HDFC Bank’s debut in an end-to-end mobile app-based customizable credit card range. There are many key features of this card, among which are the ability to customize benefits to fit your lifestyle, select merchants of your choice to earn cashback, choose a card design, and select your preferred billing cycle date.While PIXEL Play will enable users to create their own cards with personalized benefits, PIXEL Go is tailored for beginners aiming to build their credit scores. Both credit cards will have a membership fee of ₹500 plus taxes.You can register for PIXEL cards on the bank’s PayZapp mobile application. The PayZapp application will provide credit card users with features like card controls, rewards, EMI dashboard, notifications, statements, repayments, disputes, hotlisting, recent transactions, etc.
PIXEL Virtual Credit Card: HDFC Bank has introduced a new virtual credit card named 'PIXEL', available in two variants - PIXEL Play and PIXEL Go, marking the bank's entry into app-based customizable credit cards.
Customizable Benefits: Users can customize their PIXEL cards to suit their lifestyle, select preferred merchants for earning cashback, choose card designs, and set billing cycle dates, offering flexibility and personalization.
Membership Fee and Registration: Both variants of the PIXEL card will have a membership fee of ₹500 plus taxes. Registration for PIXEL cards is facilitated through HDFC Bank's PayZapp mobile application, providing users with a range of features including card controls, rewards, and statements.
About HDFC
Chairman: Atanu Chakraborty
HQ -Mumbai
__________________________________________
TATA AIG unveils India’s first Satellite-based In-Orbit Third-Party Liability Insurance.
TATA AIG, India’s leading general insurance provider, announced the launch of India’s first Satellite In-Orbit Third-Party Liability Insurance policy, which will provide critical financial protection to meet the growing needs of satellite manufacturers and operators in the Indian space sector. TATA AIG‘s Satellite In-Orbit Third-Party Liability Insurance provides complete coverage for third-party bodily injury and property damage in the event of an incident involving a satellite in orbit, in accordance with international standards and best practices. The Indian space sector is rapidly expanding, with a projected market value in the tens of billions. With the privatisation of space launches, India aims to grow its worldwide launch market share fivefold to $47.3 billion by 2032. The increase in satellite launches needs strong risk management solutions.
India's First Satellite In-Orbit Third-Party Liability Insurance: TATA AIG introduces the country's inaugural Satellite In-Orbit Third-Party Liability Insurance policy, addressing the emerging needs of satellite manufacturers and operators in India's burgeoning space sector.
Comprehensive Coverage: The policy offers comprehensive coverage for third-party bodily injury and property damage arising from incidents involving satellites in orbit, aligning with international standards and best practices in space insurance.
Addressing Growing Space Sector Needs: With the Indian space sector projected to reach significant market value and aiming for substantial growth through privatisation of space launches, robust risk management solutions like Satellite In-Orbit Third-Party Liability Insurance become essential.
About TATA AIG
Founded : 2001
MD & CEO : Neelesh Garg
__________________________________________
India's GDP to expand at 6.6% in FY25; will fuel NBFCs' growth: Moody's.
Moody's Ratings on Tuesday said the Indian economy is projected to expand 6.6 per cent in the current fiscal year and said strong credit demand fuelled by robust economic growth will support the NBFC sector's profitability. "We expect India's economy to expand 6.6 per cent in the year ended March 2025 (FY25) and 6.2 per cent the following year, and this will lead to robust loan growth at NBFCs, mitigating the impact of rising funding costs on their profitability," Moody's Ratings said.In a commentary on the non-banking finance companies, Moody's said robust economic conditions will help them preserve their asset quality even as rise in interest rates increase the debt burdens of their customers.Aggregate year-on-year loan growth at NBFCs accelerated to 20.8 per cent in September 2023 from 10.8 per cent a year earlier, driven by demand for retail loans, including financing for housing and automobiles.
Indian Economy Projection: Moody's predicts a 6.6% expansion for the Indian economy in FY25, supporting robust credit demand and profitability in the NBFC sector.
NBFC Sector Profitability: Strong economic growth is expected to fuel credit demand, aiding NBFCs' profitability despite rising funding costs.
Asset Quality Preservation: Moody's anticipates that robust economic conditions will help NBFCs maintain asset quality, even amidst increasing interest rates impacting customer debt burdens.
__________________________________________
Englih author Ruskin Bond receives Sahitya Akademi Fellowship.
Eminent English author Ruskin Bond was awarded the prestigious Sahitya Akademi Fellowship at his Mussoorie home. Bond was named a recipient of Akademi’s highest honour in September 2021. However, due to his ill health, he could not be given the honour in person.Sahitya Akademi president Madhav Kaushik and secretary K. Sreenivasarao handed the plaque to Bond at his home on May 11.Ruskin Bond has written over 300 short stories, essays and novels and more than 30 books for children besides several other works. He is the recipient of the Sahitya Akademi Award in 1992, Sahitya Akademi’s Bal Sahitya Puraskar in 2012, Padma Shri in 1999 and Padma Bhushan in 2019 among other prestigious awards.
Sahitya Akademi Fellowship: Eminent author Ruskin Bond was awarded the prestigious Sahitya Akademi Fellowship at his Mussoorie home.
Ill Health Delay: Due to his ill health, Bond could not receive the honor in person since he was named a recipient in September 2021.
Literary Legacy: Ruskin Bond, known for his extensive literary contributions, has authored over 300 short stories, essays, and novels, alongside numerous children's books.
about Ruskin Bond
Born on May 19, 1934 in Kasauli.
__________________________________________
UNDP Administrator Appoints Alain W. Noudéhou as the new Executive Director of the UN Multi– Partner Trust Fund Office (MPTFO).
United Nations Development Programme Administrator Achim Steiner announced today the appointment of of Alain Noudéhou of Benin as the new Executive Director of the UN Multi – Partner Trust Fund Office (MPTFO).Mr. Noudéhou brings to the position extensive experience in international development and humanitarian affairs. Most recently, he has been serving as Deputy Special Representative of the UN Secretary General in the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) and UN Resident Coordinator and Humanitarian Coordinator in Mali.
Appointment Announcement: Alain Noudéhou of Benin has been appointed as the new Executive Director of the UN Multi-Partner Trust Fund Office (MPTFO) by UNDP Administrator Achim Steiner.
Experience in Development and Humanitarian Affairs: Noudéhou brings extensive experience in international development and humanitarian affairs to his new role, having served in various capacities including Deputy Special Representative of the UN Secretary General in Mali.
Previous Roles: Prior to his appointment, Noudéhou served as the UN Resident Coordinator and Humanitarian Coordinator in Mali, showcasing his leadership in complex humanitarian and development contexts.
About UNDP
founded on 22 November 1965
HQ - New York
__________________________________________
Indian Air Force tests BHISHM'S world's 1ST portable hospital for airdrop in Agra.
Indian Air Force (IAF) on Tuesday successfully tested its portable hospital BHISHM (Bharat Health Initiative for Sahyog, Hita and Maitri) wherein portable cubes were airdropped from a height of 1000 feet at Malpura dropping zone in Agra.It is equipped with several innovative tools designed to enhance disaster response and medical support during emergencies. It integrates Artificial Intelligence (AI) and data analytics to facilitate coordination, real-time monitoring and management of medical services. The indigenous BHISHM software system, which is integrated into a tablet, allows in locating items quickly and ensuring quick deployments.Portable hospital BHISHM, weighing about 720 kg, landed on the ground with the help of two parachutes from AN-32 aircraft of the Air Force. Following the successful testing, portable hospital can now be deployed at any remote place to cater during emergencies or natural disasters. Treatment can be provided in just eight minutes by air landing or through helicopter. This will be particularly useful in areas of Ladakh and Kargil.
Innovative Disaster Response: The BHISHM portable hospital integrates AI and data analytics for efficient coordination and real-time monitoring during emergencies.
Quick Deployment: Weighing 720 kg, the hospital can be airdropped from AN-32 aircraft, landing with the help of parachutes, enabling rapid deployment within eight minutes.
Remote Accessibility: The BHISHM's mobility allows it to be deployed in remote areas like Ladakh and Kargil, providing crucial medical support during natural disasters or emergencies.
__________________________________________
Japan unveils first-ever 6G device 20 times faster than 5G.
A Japanese consortium of four leading telecommunications companies – DOCOMO, NEC Corporation, NTT Corporation and Fujitsu – collaborated to create the prototype.After extensive testing, they discovered that the prototype device could achieve such high speeds using the 100 gigahertz (GHz) and 300 GHz wireless bands.They conducted the tests at an exact distance of 328 feet (100 meters) from the transmitter.It can transmit data wirelessly at 100 gigabits per second (Gbps) over distances of over 300 feet.
Japanese Telecom Consortium Collaboration: DOCOMO, NEC Corporation, NTT Corporation, and Fujitsu collaborated to create a prototype capable of achieving high wireless speeds.
Utilization of 100 GHz and 300 GHz Bands: Extensive testing revealed that the prototype device could achieve high speeds using the 100 GHz and 300 GHz wireless bands.
Impressive Transmission Capabilities: The prototype can transmit data wirelessly at 100 Gbps over distances exceeding 300 feet, showcasing its remarkable capabilities.
__________________________________________
Shyam Nikhil becomes India’s 85th GM: Incredible tale of 12-year wait.
In a sport often featuring teenage prodigies, Shyam Nikhil is the poster boy for patience. The Tamil Nadu chess player became an International Master (IM) at the age of 18 way back in 2010, before collecting two out of the three norms needed to become a GM within a year. By 2012, he had also crossed the threshold of 2500 rating points necessary to become a grandmaster. He seemed destined to become India’s 28th grandmaster very soon, but fate had other plans.It took Shyam 12 more years to attain the elite status he was seeking. This week, the now 31-year-old from Tamil Nadu earned that third norm which will make him India’s 85th grandmaster. His elevation is in stark contrast to that of Gukesh, who will challenge for the world chess championship crown later this year, was India’s youngest-ever grandmaster at the age of 12.
Shyam Nikhil's Patience: Shyam Nikhil, a Tamil Nadu chess player, achieved the title of International Master (IM) at 18 and collected two out of three norms for the Grandmaster (GM) title within a year.
Long Journey to GM Title: Despite reaching the necessary rating and norms by 2012, Shyam faced a 12-year journey to finally attain the GM title, which he achieved at the age of 31.
Contrast with Younger Prodigies: Shyam's journey stands in contrast to players like Gukesh, who became India's youngest-ever grandmaster at 12 years old.
About Shyam NIkhil
born on : 1 June 1985
__________________________________________
SAIL-Bhilai to install 15 MW floating solar project in Chhattisgarh.
Bhilai Steel Plant (BSP), a subsidiary of Steel Authority of India (SAIL), is all set up to install Chhattisgarh’s first 15 MW floating solar project at its Maroda-1 reservoir.The venture is part of BSP’s broader strategy to curtail carbon emissions, conserve energy, and advance renewable energy solutions. Operated through NTPC-SAIL Power Supply, a joint venture equally owned by NTPC Limited and SAIL, the solar installation will be situated in Durg district. The project is anticipated to generate approximately 34.26 million units of green power annually, which will be utilised by BSP as captive power.NTPC, the consultant for the project, floated the tender for the project in January 2024, and the engineering, procurement, and construction contract is likely to be awarded soon. The project is scheduled to be completed by 2025.
Renewable Energy Initiative: BSP, a subsidiary of SAIL, is installing Chhattisgarh’s first 15 MW floating solar project to reduce carbon emissions and promote renewable energy.
Joint Venture Collaboration: The project is operated through NTPC-SAIL Power Supply, a joint venture between NTPC Limited and SAIL, ensuring expertise and resources are pooled for its success.
Anticipated Impact: The project aims to generate approximately 34.26 million units of green power annually, contributing to energy conservation and sustainability efforts.
about SAIL
incorporated on 24 January 1973.
Chairman: Shri Amarendu Prakash
__________________________________________
Former Bihar deputy CM Sushil Kumar Modi dies at 72.
Bharatiya Janata Party (BJP) leader and former Bihar deputy chief minister Sushil Kumar Modi died on Monday after a prolonged battle with cancer. He was 72 years old.In April, Modi revealed that he was diagnosed with cancer six months ago, and would not take part in the party's campaign for the 2024 Lok Sabha poll.In a political career spanning over three decades, Modi was an MLA, an MLC, a member of Lok Sabha, and a Rajya Sabha MP. He was the deputy chief minister of Bihar twice – from 2005 to 2013, and from 2017 to 2020.
Political Stalwart: Sushil Kumar Modi was a prominent leader of the Bharatiya Janata Party (BJP) and had a distinguished political career spanning over three decades.
Service to Bihar: He served as the deputy chief minister of Bihar twice, from 2005 to 2013 and from 2017 to 2020, making significant contributions to the state's governance and development.
Battle with Cancer: Modi battled cancer for several months, revealing his diagnosis in April and refraining from participating in the BJP's campaign for the 2024 Lok Sabha elections.
About Sushil Kumar Modi
born on January 5, 1952.
__________________________________________
May 15 : International Day Of Families 2024
The International Day of Families is commemorated annually on May 15 to highlight the importance of families in society. The day offers a great opportunity to focus on the key role that family plays in our lives and also to recognise the challenges families face today. Family is the most important part of anyone’s life. It offers a sense of security of having someone with whom we can discuss and thoughts and celebrate our happiness. In short, family is our whole world.The International Day of Families is commemorated annually on May 15 to highlight the importance of families in society. The day offers a great opportunity to focus on the key role that family plays in our lives and also to recognise the challenges families face today. Family is the most important part of anyone’s life. It offers a sense of security of having someone with whom we can discuss and thoughts and celebrate our happiness. In short, family is our whole world.
Annual Commemoration: The International Day of Families is observed globally every year on May 15th to emphasize the significance of families in society and to address the challenges they encounter.
Role of Family: Families provide a sense of security and support, serving as a cornerstone in our lives where we can share our thoughts, celebrate our joys, and navigate life's challenges together.
ABOUT International Day of Families
first celebrated :1994
__________________________________________
Nobel Prize-winning author Alice Munro dies aged 92.
The first Canadian author to win the Nobel Prize in literature, Alice Munro, has died at the age of 92 in Ontario.Acclaimed author Alice Munro was the first Canadian to win the Nobel Prize in literature. Her collections of short stories were celebrated for their complexity and authenticity. She died at the age of 92.A titan of short-story writing, Munro revolutionized the architecture of short stories and demonstrated that the format was worthy of the Nobel Prize. She published 14 original short-story collections and several short-story compilations. With this body of work, she became the first Canadian to receive the Nobel Prize in Literature in 2013.
First Canadian Nobel Laureate: Alice Munro, renowned for her complex and authentic short stories, was the first Canadian author to win the Nobel Prize in literature.
Legacy of Work: Over her career, Munro published 14 original short-story collections and several compilations, leaving behind a significant literary legacy.
About Alice Munro
born on July 10, 1931.
__________________________________________
7th INDIA- FRANCE JOINT MILITARY EXERCISE SHAKTI COMMENCES IN MEGHALAYA.
The 7th edition of India- France Joint Military Exercise SHAKTI commenced today, at Umroi, in a fully developed and modern Foreign Training Node in Meghalaya. The Exercise is scheduled to be conducted from 13th to 26th May 2024. The Opening Ceremony of the joint exercise was attended by H.E. Thierry Mathou, Ambassador of France to India and Major General Prasanna Sudhakar Joshi, General Officer Commanding 51 Sub Area. Exercise SHAKTI is a biennial training event conducted alternatively in India and France. Last edition was conducted in France in November 2021. Indian contingent comprising 90 personnel is being represented primarily by a Battalion of the RAJPUT Regiment besides personnel from other arms and services. Observers from the Indian Navy and the Indian Air Force will also form part of the exercise. The French contingent comprising 90 personnel will be represented mainly by personnel from the 13th Foreign Legion Half- Brigade (13th DBLE). Aim of Exercise SHAKTI is to enhance joint military capability of both sides to undertake multi-domain operations in a Sub Conventional scenario under Chapter VII of the United Nations Mandate.
Bilateral Collaboration: India-France Joint Military Exercise SHAKTI fosters bilateral collaboration between the two nations, focusing on enhancing joint military capabilities.
Multi-Domain Operations: The exercise aims to hone the skills required for multi-domain operations, particularly in Sub Conventional scenarios, aligning with Chapter VII of the United Nations Mandate.
Strategic Significance: Taking place alternatively in India and France, Exercise SHAKTI underscores the strategic significance of defense cooperation between the two countries in tackling contemporary security challenges.
About Exercise Shakti
First STARTED IN 2011
__________________________________________
India highlights Forest Conservation and Sustainable Forest Management initiatives at the 19th Session of the United Nations Forum on Forests.
India participated in the 19th Session of the United Nations Forum on Forests (UNFF), held at the UN Headquarters in New York from May 6th to 10th May 2024. During the session, India highlighted the Country’s significant advancements in forest conservation and sustainable forest management which led to consistent increase in forest cover over the past fifteen years. Globally, India ranks third in the net gain, in average annual forest area, between 2010 and 2020.India shared the high priority the Country provides towards biodiversity and wildlife conservation, having expanded the network of protected areas to over a thousand wildlife sanctuaries, national parks, tiger reserves, biosphere reserves, and other wildlife habitats. The recent celebrations marking 50 years of Project Tiger and 30 years of Project Elephant underscore India’s commitment to species conservation and habitat protection. India also highlighted the creation of the International Big Cat Alliance, another important step aimed to protect and conserve the seven big cat species around the world through collaborative international efforts.
India ranks third globally in average annual forest area gain between 2010 and 2020.
India boasts over a thousand protected areas, emphasizing its commitment to biodiversity and wildlife conservation.
Initiatives like the International Big Cat Alliance showcase India's dedication to global species conservation efforts.
About UNFF
founded on :18 October 2000
HQ - New York
__________________________________________
India, Iran to sign 10-year agreement for operations at Chabahar port.
The long-term agreement was being negotiated by the two sides over the past three years or so and had been primarily held up by differences on a clause related to arbitration.Ports and shipping minister Sarbananda Sonowal left for Iran on Monday for the signing of a crucial long-term agreement for India’s operations at the strategic Chabahar port, people familiar with the matter said.It will replace an initial pact inked in 2016 that covered India’s operations at Shahid Beheshti terminal of Chabahar port and has been renewed on an annual basis. Sonowal flew from New Delhi to Tehran on a special Indian Air Force (IAF) flight and people familiar with the matter on both sides said his visit was linked to the signing of the 10-year agreement for operations by state-run India Global Ports Limited (IGPL) Shahid Beheshti terminal.
Renewal: Initial pact signed in 2016 renewed annually, now replaced by a 10-year agreement.
Strategic: Agreement for India's operations at Chabahar port, crucial for regional connectivity.
Resolution: Overcame differences, particularly on arbitration clause, after three years of negotiation.
__________________________________________
Ramcharitmanas, Panchatantra, and Sahṛdayāloka-Locana enter ‘UNESCO's Memory of the World Asia-Pacific Regional Register’.
The Ramcharitmanas, Panchatantra and Sahṛdayāloka-Locana have been included in ‘UNESCO's Memory of the World Asia-Pacific Regional Register’. This inclusion is a proud moment for India, a confirmation of the country's rich literary heritage and cultural legacy. It signifies a step forward in global cultural preservation efforts, highlighting the importance of recognizing and safeguarding the diverse narratives and artistic expressions that shape our shared humanity. By honouring these literary masterpieces, society not only pays homage to the creative genius of their creators but also ensures that their profound wisdom and timeless teachings continue to inspire and enlighten future generations. The 'Ramcharitmanas', 'Panchatantra', and 'Sahṛdayaloka-Locana' are such timeless works that have deeply influenced Indian literature and culture, shaping the nation's moral fabric and artistic expressions. These literary works have transcended time and place, leaving an indelible mark on readers and artists both within and outside India. It is noteworthy that ‘Sahṛdayaloka-Locana’, ‘Panchatantra’, and ‘Ramcharitmanas’ were authored by Acharya Anandvardhan, Pt. Vishnu Sharma, and Goswami Tulsidas, respectively.
India celebrates as 'Ramcharitmanas', 'Panchatantra', and 'Sahṛdayaloka-Locana' make it to UNESCO's Memory of the World Asia-Pacific Regional Register, affirming India's literary richness.
Recognition underscores the global significance of India's cultural legacy and emphasizes the need for preserving diverse narratives and artistic expressions.
Authored by Acharya Anandvardhan, Pt. Vishnu Sharma, and Goswami Tulsidas, these timeless masterpieces continue to inspire and shape both Indian and global literature and culture.
About Memory of world
Launched in 1992
__________________________________________
Despite two decades of concerted action, wildlife trafficking persists worldwide with more than 4,000 species affected, says new UNODC World Wildlife Crime Report.
The UN Office on Drugs and Crime’s (UNODC) new World Wildlife Crime Report finds that – despite positive signs in reducing trafficking impacts for some iconic species like elephants and rhinoceros – wildlife trafficking overall has not been substantially reduced over two decades. More consistent enforcement to tackle both supply and demand, effective implementation of legislation, including anti-corruption laws, and stronger monitoring and research are needed.The global scope and scale of wildlife crime remain substantial, the report finds, with seizures during 2015–2021 indicating an illegal trade in 162 countries and territories affecting around 4,000 plant and animal species. Approximately 3,250 of these species are listed in the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). However, some of the species worse affected – like rare orchids, succulents, reptiles, fish, birds and mammals – receive little public attention, though wildlife trafficking appears to have played a major role in their local or global extinctions.
UNODC's World Wildlife Crime Report shows limited progress in curbing wildlife trafficking over two decades.
More enforcement, anti-corruption measures, and research are needed to address the global wildlife trade.
Wildlife trafficking affects over 4,000 species across 162 countries, including lesser-known species leading to local or global extinctions.
About UNODC
Established in 1997
HQ - Vienna, Austria
__________________________________________
SBI becomes the first bank to be a trading-cum-clearing member of India International Bullion Exchange at the GIFT City in Gujarat.
The State Bank of India (SBI) on Tuesday announced that it has secured the distinction of being the first bank to become a trading-cum-clearing (TCM) Member of India International Bullion Exchange at the GIFT City in Gujarat. This milestone enables SBI IBU Gift City to conduct trades on the IIBX platform and settle them on behalf of its clients, per an official release.RBI guidelines permitted branches of an Indian Bank in GIFT IFSC to act as a trading member (TM)/trading and clearing member (TCM) of IIBX. The central bank also allowed special category clients (SCC) which are nominated banks in India to import gold through IIBX.The entry of India’s largest bank into the field as a TCM is poised to boost trading volumes at IIBX, the release added.
SBI becomes the first bank to join India International Bullion Exchange at GIFT City.
SBI's IBU Gift City branch can now conduct trades on IIBX and settle them for clients.
RBI permits Indian bank branches in GIFT IFSC to act as trading-cum-clearing members of IIBX.
About SBI
Chairman -Dinesh Kumar Khara
MD -- Vinay M Tonse
__________________________________________
India's first multi-asset allocation mutual fund with dividend yield strategy launched :Bajaj Finserv Multi Asset Allocation Fund.
Bajaj Finserv Asset Management Company (Bajaj Finserv AMC) on Monday (May 13) launched Bajaj Finserv Multi Asset Allocation Fund. This scheme is the nation's first multi-asset fund with a dividend yield strategy.The new fund offer (NFO) for the scheme will remain open until May 27.Following this, it will be available for subscription until or before June 6, 2024.The mutual fund house noted that dividend is due only when declared and there is no assurance that a company may continue paying dividend in future.The scheme is vulnerable to instances where investments in securities may not earn dividend or where lesser dividend is declared by a company in subsequent years in which investments are made by scheme, Bajaj Finserv Mutual Fund said.The Bajaj Finserv Multi Asset Allocation Fund offers a diversified portfolio across various asset classes, including equities, fixed income instruments, commodities such as gold and silver ETFs, and REITs/InvITs.With an equity allocation ranging from 35-80%, the fund employs a multi-theme, multi-sector, and multi-cap approach to investment.
NFO open until May 27, subscription available until June 6, 2024.
Dividend dependent on declaration, no future assurance.
Diversified portfolio including equities, fixed income, commodities, REITs/InvITs.
About Bajaj Finserv AMC
AMC incorporation date: 18 October 2021
CEO : Mr. Ganesh Mohan
__________________________________________
Hyderabad based Greenko firm inks Ammonia Supply pact with Norwegian co Yara.
Hyderabad-based Greenko has entered into an agreement with Norway’s Yara Clean Ammonia to supply renewable ammonia to the Norwegian firm, which is the world’s largest trader and distributor of ammonia.Greenko will supply green ammonia from Phase 1 of its ammonia production facility in Kakinada, India. The company signed the term sheet through its green ammonia production arm AM Green -- earlier Greenko ZeroC."This term sheet and the subsequent offtake agreement covers the long-term supply of up to 50 per cent of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada. The plant will produce, and export renewable ammonia derived from round-the-clock carbon free energy by 2027,” said a statement issued by Greenko.Yara Clean Ammonia will utilise the renewable ammonia supply to produce low-emission fertilizer and for decarbonizing other industries like shipping, power, and other industries.
Greenko, based in Hyderabad, has partnered with Yara Clean Ammonia, the world's largest ammonia trader, for the supply of renewable ammonia.
Greenko's ammonia production arm, AM Green (formerly Greenko ZeroC), will supply green ammonia from its Phase 1 production facility in Kakinada, India.
The agreement includes the long-term supply of up to 50% of renewable ammonia from Greenko's Kakinada facility, which will produce and export renewable ammonia derived from carbon-free energy by 2027.
About Greenko
Estd :2004
Sri Anil Kumar Chalamalasetty - Founder
__________________________________________
IAF conducted 'Bambi Bucket' Operation to douse Nainital forest fire.
Indian Air Force’s MI 17 V5 helicopter was deployed on Saturday (April 27) to extinguish the raging forest fires in Nainital district, Uttarakhand, according to the state’s Chief Minister Pushkar Singh Dhami.The helicopter used a “Bambi Bucket”, also known as a helicopter bucket or a helibucket, to collect water from Bhimtal lake, located near Nainital, and poured it over the burning forests. Bambi Bucket is a specialised aerial firefighting tool which has been in use since the 1980s. It is essentially a lightweight collapsible container that releases water from underneath a helicopter to targeted areas. The water is released by using a pilot-controlled valve.
Deployment: The Indian Air Force's MI 17 V5 helicopter was deployed on April 27 to assist in extinguishing forest fires in Nainital district, Uttarakhand.
Utilization of Bambi Bucket: The helicopter utilized a "Bambi Bucket," a specialized aerial firefighting tool, to collect water from Bhimtal lake and pour it over the burning forests.
Functionality of Bambi Bucket: The Bambi Bucket, in use since the 1980s, is a lightweight collapsible container equipped with a pilot-controlled valve, allowing precise release of water from underneath the helicopter to targeted areas of the fire.
About Bambi Bucket
in use since : 1980s
__________________________________________
India’s Star Javelin Thrower Neeraj Chopra Seals Second-Place Finish In Doha Diamond League 2024.
India’s star javelin thrower, Neeraj Chopra sealed a second-place finish in the Doha Diamond League 2024. With an unusual slow start, Chopra’s spear landed at 88.36 metre, just 2 cenitmetres short of event topper Jakub Vadlejch’s 88.38 metre. The windy conditions in Doha played an unfriendly part in Chopra’s attempt to win the second Doha season in a row.Fellow Asian Games medallist Kishore Jena, returned disappointed as he was eliminated at the halfway stage after a throw of 76.31 metre
Neeraj Chopra secured second place in the Doha Diamond League with a throw of 88.36 meters.
Chopra narrowly missed the event's top spot by just 2 centimeters, trailing behind Jakub Vadlejch.
Kishore Jena, another Asian Games medallist, was eliminated midway after a throw of 76.31 meters.
About Neeraj Chopra
born on : 24 Dec 1997
__________________________________________
IRDAI approves Hinduja’s acquisition of Reliance Capital's insurance businesses.
Insurance regulator IRDAI has approved the Hinduja Group's acquisition of Reliance Capital's life, general, and health insurance businesses on the condition that it does not pledge shares in the companies.The Hinduja Group has still to get approval from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI) for the transaction to be completed, according to the persons. The IRDAI issued its clearance on Friday evening, adding that "the insurer's shares shall not be pledged or encumbered" without the regulator's approval, according to one of the people mentioned.The Hinduja Group verified that it had received the regulator's approval.IIHL is dedicated to promptly securing the necessary approvals and intends to finalize the transaction by the deadline set by the NCLT, which is May 27th. The NCLT has granted approval to a resolution plan worth ₹9,661 Crore proposed by the Hinduja Group's IndusInd International Holdings Ltd.The court ordered IIHL to make the money by May 27, subject to all requisite approvals. Furthermore, the Hinduja Group business would be compelled to pay an additional ₹211 Crore to lenders, which will be deducted from the capital infused by them in Reliance General Insurance to maintain its solvency buffer.
IRDAI approves Hinduja Group's acquisition of Reliance Capital's insurance businesses.
Acquisition conditional on shares not being pledged without regulator's approval.
Hinduja Group aims to finalize transaction by May 27, pending RBI and CCI approvals.
About IRDAI
ESTD : 1999
Chairman : Debasish Panda
__________________________________________
Padma Shri awardee Birubala Rabha,an activist who campaigned against witch hunting, dies.
Assam-based social activist Birubala Rabha, who campaigned against witch hunting in the state, died in Guwahati on Monday after battling with cancer.She was honoured with the Padma Shri award by the central government in 2021 and nominated for the Nobel Peace Prize in 2005.Rabha was diagnosed with cancer recently and she was undergoing treatment at the State Cancer Institute in Guwahati where she breathed her last on Monday morning.The superintendent of Gauhati Medical College and Hospital (GMCH), Dr Abhijit Sarma said that Rabha was admitted there on April 22 on May 4, she was shifted to the Intensive Care Unit (ICU). She breathed her last at 9:23am due to multi-organ failure, doctors said.Born in 1949, Rabha had a struggling childhood and had to drop out of school due to financial issues at home. She was married off at the age of 15 and gave birth to three kids.
Birubala Rabha, a social activist from Assam, passed away in Guwahati after battling cancer.
She was honored with the Padma Shri award by the central government in 2021 for her activism against witch hunting in the state.
Rabha was nominated for the Nobel Peace Prize in 2005, recognizing her significant contributions to social justice and human rights advocacy.
About Birubala Rabha
Born : 1954
Place : Thakurvila, Goalpara, Assam, India
__________________________________________
International Day of Plant Health - MAY 12TH, 2024
International Day of Plant Health 2024: Plant health, safe trade and digital technology .Each year, over 240 million containers move between countries, carrying goods including plant products, posing biosecurity risks. In addition, about 80 percent of international trade consignments include wood packaging material, providing a pathway for pest transmission. As a result, damages from invasive pest species incur global economic losses of approximately USD 220 billion annually. Protecting plant health across borders is essential by promoting global collaboration and international standards, such as the International Standards for Phytosanitary Measures (ISPMs). Innovative solutions like electronic phytosanitary certification (ePhyto) streamline the process, making trade quicker and more secure. The International Day of Plant Health 2024 calls on everyone to raise awareness and take action to keep our plants healthy and ensure food safety and safe trade for sustainable economies and livelihoods.
Biosecurity Risks in Trade: With millions of containers moving globally each year, there's a substantial risk of spreading invasive pests through plant products and wood packaging materials.
Economic Impact: Invasive pest species cause about USD 220 billion in annual global economic losses, underscoring the urgency of safeguarding plant health in international trade.
Call to Action: The International Day of Plant Health 2024 urges global awareness and collaborative efforts to ensure plant health, food safety, and sustainable economies through initiatives like electronic phytosanitary certification (ePhyto) and adherence to international standards.
__________________________________________
Government hosts 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day. All-India Intra-School Solar Art Competition Solart to be held.
The Government of India joined the global community in commemorating International Sun Day today, 3rd May, 2024, as an annual reminder of the significant benefits of solar energy in fostering a greener and healthier planet. On this day, the Ministry of New and Renewable Energy (MNRE), Government of India, organized a 'Run for Sun' Marathon at Jawaharlal Nehru Stadium, New Delhi. The 'Run for Sun' Marathon, featuring 3 km and 5 km races, was designed to raise awareness about the pivotal role of solar power in mitigating climate change and promoting a cleaner and healthier future for all.On the occasion, the Ministry has also announced Solart, an All-India Intra-School Solar Art Competition, which would be an engaging and educational way to celebrate solar energy through artistic expressions, in recognition of International Sun Day. The competition seeks to spark creativity and promote awareness of solar energy among school students across India. Winners, as adjudged by schools, will receive commendation certificates from the Ministry of New & Renewable Energy.
International Sun Day Commemoration: The Government of India marked International Sun Day on May 3, 2024, highlighting the importance of solar energy in fostering a greener and healthier planet.
'Run for Sun' Marathon: The Ministry of New and Renewable Energy organized a 'Run for Sun' Marathon at Jawaharlal Nehru Stadium, New Delhi, featuring 3 km and 5 km races. The event aimed to raise awareness about the critical role of solar power in combating climate change.
Solart Competition: The Ministry announced Solart, an All-India Intra-School Solar Art Competition, to engage and educate school students about solar energy through artistic expression. Winners will be awarded commendation certificates by the Ministry of New & Renewable Energy.
__________________________________________
IIFL Securities appoints Nemkumar as managing director.
Financial Services firm IIFL Securities Ltd on Friday said that it has appointed Nemkumar H as managing director for five years.He would replace R Venkataraman, currently the chairman and managing director, from May 15, 2024. The said appointment is subject to requisite regulatory and shareholders' approval, IIFL Securities said in a regulatory filing.
Leadership Change: IIFL Securities Ltd appoints Nemkumar H as Managing Director, replacing R Venkataraman.
Term Duration: Nemkumar H's appointment is for a five-year term, effective from May 15, 2024.
Regulatory Approval Required: The appointment is subject to necessary regulatory and shareholders' approval, as per the company's regulatory filing.
About IIFL
incorporated in March 21,1996.
__________________________________________
LANDMARK ACHIEVEMENT: DMSRDE DEVELOPS RAMJET FUEL FOR ADVANCED AIR-BREATHING ENGINE.
The Defence Research and Development Organisation (DRDO) announced in a recent tweet on X that the Defence Materials and Stores Research and Development Establishment (DMSRDE) has developed liquid Ramjet fuel for an advanced air-breathing engine. Calling it a ‘landmark achievement’, DRDO further informed that the fuel was tested successfully at the Ramjet Testbed at the Defence Research and Development Laboratory (DRDL) on May 8. BPCL and Mineral Oil Corporation are industry partners in this development, it added. DRDO Tableau Showcases Liquid Ramjet Technology, MPATGM, Agni-V.
DRDO's DMSRDE develops liquid Ramjet fuel for advanced air-breathing engines.
Successful testing of the fuel conducted at the Ramjet Testbed at DRDL.
Industry partners BPCL and Mineral Oil Corporation collaborate in this landmark achievement.
about DMSRDE
established IN : 1929
__________________________________________
China largest trading partner of India in FY24 with $118.4 bn; US second with $118.3 bn
China has emerged as the largest trading partner of India with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI. The bilateral trade between India and the US stood at $118.3 billion in 2023-24. Washington was the top trading partner of New Delhi during 2021-22 and 2022-23. The data showed that India's exports to China rose by 8.7 per cent to $16.67 billion in the last fiscal. The main sectors which recorded healthy growth in exports to that country include iron ore, cotton yarn/fabrics/madeups, handloom, spices, fruits and vegetables, plastic and linoleum.
China has emerged as the largest trading partner of India with $118.4 billion two-way commerce in 2023-24, edging past the US.
India's exports to China rose by 8.7% to $16.67 billion in the last fiscal year
Key sectors that saw healthy export growth to China include iron ore, cotton textiles, handloom, spices, fruits & vegetables, and plastics.
GTRI Founder: Ajay srivastava
Headquarters: New Delhi
__________________________________________
Nasa-JAXA XRISM mission discovers iron fingerprints in active galaxy NGC 4151.
In a recent scientific breakthrough, the XRISM (X-ray Imaging and Spectroscopy Mission), a joint venture between NASA and the Japan Aerospace Exploration Agency (JAXA), successfully detected iron in the active galaxy NGC 4151. Utilizing the Resolve instrument aboard XRISM, crucial data was obtained from the galaxy's core, where a supermassive black hole actively consumes material from its surrounding accretion disk. The spectral analysis conducted by XRISM revealed distinct iron signatures at approximately 6.5 keV, with observed peaks and dips around 7 keV, indicating interactions much more energetic than those detectable in the visible spectrum.
XRISM mission, a collaboration between NASA and JAXA, detects iron in NGC 4151.
Resolve instrument aboard XRISM captures crucial data from the galaxy's core.
Spectral analysis unveils distinct iron signatures, suggesting energetic interactions beyond visible spectrum.
About NASA
established on :Oct. 1, 1958
HQ- Washington, D.C.
__________________________________________
ISRO Chief Somanath unveils Zero Emission initiative of SFO Technologies.
ISRO Chief, S. Somanath, recently unveiled the Zero Emission initiative of SFO Technologies, marking a significant step towards sustainable space technology. SFO Technologies, a leading Indian aerospace and defense firm, has pledged to mitigate its environmental impact through this initiative. The Zero Emission initiative aims to reduce carbon emissions and promote eco-friendly practices across its operations. As part of the endeavor, SFO Technologies plans to implement energy-efficient technologies, optimize resource utilization, and invest in renewable energy solutions. This initiative aligns with ISRO's commitment to environmental conservation and underscores the importance of adopting green practices in the aerospace industry.
ISRO Chief S. Somanath unveils the Zero Emission initiative of SFO Technologies.
The initiative aims to reduce carbon emissions and promote eco-friendly practices.
SFO Technologies plans to implement energy-efficient technologies and invest in renewable energy solutions as part of the initiative.
__________________________________________
Ministry of Skill Development & Entrepreneurship Partners with Mahindra & Mahindra for Drone Didi Yojana Pilot Projects.
The Ministry of Skill Development and Entrepreneurship (MSDE) has forged a significant partnership with Mahindra & Mahindra Ltd to advance the objectives of the Drone Didi Yojana through two Pilot Projects. Aimed at training 15,000 women in drone operation for agricultural purposes, this collaboration underscores a commitment to empowering women in the workforce. Under this initiative, MSDE and M&M will conduct exclusive training sessions for 500 women at the National Skill Training Institute (NSTI) centers in Hyderabad and Noida. The 15-day curriculum, approved by the Directorate General of Civil Aviation (DGCA), will be delivered by Remote Pilot Training Organisation (RPTO) instructors. NSTIs will provide infrastructure and mobilize participation, while Mahindra Group will furnish necessary equipment and cover operational costs, exemplifying a pioneering convergence of women, farming, and technology.
Partnership for Empowerment: Ministry of Skill Development & Entrepreneurship teams up with Mahindra & Mahindra to train 15,000 women in drone operation under the Drone Didi Yojan
Pilot Projects Details: Two exclusive Pilot Projects will skill 500 women in drone operation at NSTI centers in Hyderabad and Noida, with a 15-day curriculum approved by DGCA.
Infrastructure and Support: Mahindra Group provides equipment and covers operational costs, while NSTIs offer infrastructure and mobilize participation, marking a pioneering convergence of women, farming, and technology.
about MSDE ministry
Minister - Dharmendra Pradhan
__________________________________________
ICG signs MoU with Hindalco for manufacturing & supply of indigenous marine-grade aluminum for construction of ships.
Indian Coast Guard (ICG) and Hindalco Industries, on May 09, 2024, inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships. The MoU will also provide benefits such as quarterly pricing, priority in supplies and Turnover discount. The ICG fleet is presently operating 67 ships with aluminium hull with capability of operating in shallow waters. To further boost coastal security, it has planned to induct more such vessels where the indigenously manufactured marine-grade aluminium will be utilised. The MoU was signed by Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma and CEO, Downstream Aluminum Business, Hindalco Shri Nilesh Koul in the presence of senior officials of the ICG.
Partnership for Maritime Strength: Indian Coast Guard collaborates with Hindalco Industries for indigenous marine-grade aluminum supply to shipyards, enhancing ship construction for both public and private sectors.
Strategic Benefits: MoU offers quarterly pricing, priority in supplies, and turnover discounts, ensuring efficient procurement and cost-effectiveness in shipbuilding.
Coastal Security Enhancement: With 67 ships already operational, ICG plans to induct more vessels with aluminum hulls for shallow water operations, bolstering coastal security measures.
about ICG
head of ICG : Rakesh Pal
__________________________________________
New guidance aims to reduce bloodstream infections from catheter use - WHO.
The World Health Organization (WHO) has released groundbreaking global guidelines aimed at preventing bloodstream and other infections resulting from the use of catheters in minor blood vessels during medical procedures. These infections, often caused by poor practices in catheter insertion, maintenance, and removal, pose significant risks including sepsis and organ complications. Up to 70% of hospitalized patients require catheterization at some point, making them vulnerable to infections, particularly those with compromised immunity. WHO emphasizes the urgent need for clean care and infection prevention measures, stressing the grave impact of healthcare-associated infections on mortality rates, especially due to antibiotic-resistant bacteria. The guidelines offer 14 good practice statements and 23 recommendations for healthcare workers, focusing on education, aseptic techniques, hand hygiene, and proper catheter management, underscoring the importance of implementing preventive measures to mitigate avoidable suffering worldwide.
WHO issues global guidelines to prevent infections from catheter use, targeting bloodstream and other complications.
Poor catheter practices pose risks like sepsis and organ complications, affecting up to 70% of hospitalized patients.
Guidelines stress education, aseptic techniques, and proper catheter management for healthcare workers to mitigate infections and reduce mortality rates.
about WHO
FOUNDED on : 7th April 1948
HQ : geneva Switzerland
__________________________________________
ISRO Successfully Tests New Liquid Rocket Engine AM PS4 In Tamil Nadu.
The Indian Space Research Organisation, ISRO successfully tested the new liquid rocket engine manufactured through Additive Manufacturing technology. The test was successfully carried out on May 9th at ISRO Propulsion Complex in Mahendragiri in Tamilnadu. This new redesigned PS4 engine has brought down the number of parts from 14 to a single piece and eliminated 19 weld joints. This will significantly save on the raw material usage per engine, reduce metal powder from 565 kgs to 13.7 kgs and reduce the production time by 60 percent. Akashvani Correspondent reports that this new redesigned engine will be used for the fourth stage of PSLV launch vehicle and also in the Reaction Control System of the First Stage in PSLV. ISRO is planning to induct this PS4 engine into the regular PSLV program. Additive Manufacturing technology means 3D printing of PS4 engines. The Private partner Wipro 3D joined hands with ISRO to successfully carry out the hot testing of the 3D printed PS4 engine. This will usher in a new era of advanced 3D manufacturing technique of India’s space programme
ISRO successfully tests new liquid rocket engine using Additive Manufacturing technology.
Redesigned PS4 engine reduces parts from 14 to a single piece, eliminating 19 weld joints.
Collaboration with private partner Wipro 3D for hot testing marks a milestone in India's space program's advanced manufacturing techniques.
about ISRO
founded : 15 august 1969
chairman : Sreedhara Panicker Somanath
__________________________________________
Padma awardee Punjabi poet Patar passes away in Ludhiana at 79 .
Eminent poet and Padma Shri awardee Dr Surjit Patar passed away peacefully in his sleep on Saturday morning at his residence near Barewal Colony here. He was 79. Patar's poetic works include 'Hawa Vich Likhe Harf', 'Hanere Vich Sulagdi Varanmala', 'Patjhar Di Pazeb', 'Lafzaan Di Dargah' and 'Surzameen'. He received the Padma Shri in the field of literature and education in 2012. Patar was the president of the Punjab Arts Council. He had also been the president of the Punjabi Sahit Akademi. The poet and writer has been awarded with the Sahitya Akademi Award, Panchnad Puruskar, Saraswati Samman and the Kusumagraj Literary award. From Patar village in Jalandhar district, he did his graduation from Randhir college in Kapurthala and Ph D on 'Transformation of Folklore in Guru Nanak Vani' from the Guru Nanak Dev University. He retired as a professor of Punjabi from the Punjab Agricultural University in Ludhiana.
Dr. Surjit Patar, a renowned poet and recipient of the Padma Shri award, passed away peacefully at the age of 79.
Patar's notable poetic works include 'Hawa Vich Likhe Harf', 'Hanere Vich Sulagdi Varanmala', and 'Patjhar Di Pazeb'.
He was honored with prestigious literary awards such as the Sahitya Akademi Award, Panchnad Puruskar, and Saraswati Samman for his contributions to Punjabi literature.
about DR. Surijit Patar
born on : 14 January 1945
__________________________________________
Dilip Sanghani Re-Elected As IFFCO Chairperson For Second Consecutive Term; Balvir Singh Retains Position Of Vice Chairman.
Senior BJP leader and former cabinet minister Dilip Sanghani has secured his position as the chairman of the Indian Farmers Fertiliser Cooperative (IFFCO) for the second consecutive term. This victory comes amidst a backdrop of internal party conflict as Jayesh Radadiya, a BJP MLA, won the election for the Director of IFFCO, defeating the party's designated candidate, Bharat Patel alias Bharat Gota.uring the recent board meeting of IFFCO, held on Friday, 21 directors unanimously appointed Sanghani as the chairman and Balwinder Singh as the vice-chairman.
Dilip Sanghani secures second consecutive term as chairman of IFFCO amid internal party conflict.
BJP MLA Jayesh Radadiya wins election for Director of IFFCO, defeating party's designated candidate.
Sanghani appointed chairman and Balwinder Singh as vice-chairman unanimously by 21 directors during recent board meeting.
about IFFCO
HQ - Saket, Delhi
__________________________________________
National Technology Day 11 May,2024: On this day, India successfully tested nuclear bombs in Pokhran.
On May 11, 1998, India marked a significant milestone in its defense and scientific endeavors with the initiation of Operation Shakti, also known as Pokhran II. This operation, led by the government under Prime Minister Atal Bihari Vajpayee, comprised a series of nuclear bomb tests conducted at the Pokhran Test Range. The operation included the detonation of five nuclear devices, classified as Shakti I to Shakti V, with the first being a fusion bomb and the rest fission bombs. This event solidified India's status as a nuclear power and underscored its capability in defense technology. It also emphasized the importance of science and innovation in national security and development.
India conducted the first test flight of the indigenous aircraft "Hansa-3" in Bangalore on May 11, 1998.
On the same day, India successfully test-fired the Trishul missile.
Operation Shakti (Pokhran-II) was initiated on May 11, 1998, marking India's entry into the nuclear club with five detonations, including one fusion bomb and four fission bombs.
about National Technology Day
started in 1999
__________________________________________
Varugeese Koshy, chess International Master and renowned trainer, dies.
International Master, renowned trainer and a mentor to many aspirants, Varugeese Koshy, has died. He was 66. Starting out as a rebel, Koshy was one of the few self-taught gentlemen of the chess world. His hyper-modern approach to the 64-squares gave him a distinct advantage over most of his peers. In the era when computers played very little role, Koshy rose from the ashes with his superior skills to analyze various positions and went on to become India number two in the National Championship of the early nineties. Koshy represented the country on various occasions but his biggest contribution to the game came as a trainer.
the dreaded disease with his impeccable sense of humour. “Apna time aa gaya (My time has come)," he had said in October last year. He had trained many other Indian players, like former world junior champion Abhijeet Gupta.
Varugeese Koshy, renowned chess player and trainer, passes away at 66.
Known for his hyper-modern approach to chess, Koshy was India's number two in the early nineties.
Koshy's biggest contribution was as a mentor and trainer, having coached players like Abhijeet Gupta.
about Varugeese Koshy
born on: 3 October 1958
__________________________________________
HDFC Bank, Atal Innovation Mission empower social sector startups with Rs 19.6 crore grants.
HDFC Bank on Wednesday said it supported social sector startups in India with grants worth Rs 19.6 crore in FY24, in partnership with Atal Innovation Mission (under NITI Aayog). In FY 2023-24, 170 social start-ups received funding via 41 incubators, with a total of Rs 19.6 crore in the ‘Parivartan Start-up Grants programme.’ The focus areas for the 2024 grants included climate innovation, financial inclusion, agriculture and sustainable rural economy, accessible and affordable healthcare, education and livelihood enhancement, gender diversity and inclusion.
HDFC Bank supported social sector startups in India with grants worth Rs 19.6 crore in FY24.
170 social startups received funding through 41 incubators under the 'Parivartan Start-up Grants programme.'
Focus areas for the grants included climate innovation, financial inclusion, agriculture, healthcare, education, and gender diversity.
about HDFC
HQ- Mumbai
CHAIRMAN - Deepak Parekh
__________________________________________
Bank of India Signs MOU with Indian Coast Guard for BOI Rakshak Package.
Bank of India, one of the leading public sector banks, reinforced its commitment to the Defence Sector by signing an MOU with the Indian Coast Guard, offering a Defence service Salary Package with best-in-class features under its “BOI Rakshak Salary/ Pension Savings Scheme”.The Signing Ceremony was held on 9th May 2024 at the Coast Guard Headquarters, New Delhi with the Indian Coast Guard represented by Shri Narendra Singh, Deputy Inspector General & Principal Director (Administration) and Bank of India was represented by Shri Sharda Bhushan Rai, Chief General Manager Head Office (Resource/ Marketing/ GBD) Mumbai, Shri Lokesh Krishna, General Manager FGMO New Delhi and Shri Ajay Kumar Panth, Deputy General Manager, Government Business Department.Through this exclusive BOI Rakshak Package, Bank of India will offer numerous benefits to all Ranks of the Indian Coast Guard, Veterans, Recruits and Agniveers including Personal Accidental Insurance coverage upto 150 Lakhs, Permanent Total Disability cover upto Rs 50 Lakhs, Air Accidental Cover upto Rs 100 Lakhs and Permanent Partial Disability Cover of Rs 25 Lakhs. Apart from this the Bank will also offer Concessions in Retail Loans, Processing Charges and Locker Rentals.
Bank of India strengthens its commitment to the Defence Sector by signing an MOU with the Indian Coast Guard.
The "BOI Rakshak Salary/ Pension Savings Scheme" offers best-in-class features to Indian Coast Guard personnel, veterans, recruits, and Agniveers.
Benefits include personal accidental insurance coverage, disability cover, air accidental cover, and concessions in retail loans and processing charges.
about ICG
HQ- New Delhi
__________________________________________
The UAE-India CEPA Council (UICC) has inked an agreement with Indian Chamber of Commerce (ICC) to promote trade between the two countries.
The UAE-India CEPA Council (UICC) has inked an agreement with Indian Chamber of Commerce (ICC) to promote trade between the two countries. Under the MoU, both organisations will collaborate on increasing awareness within the UAE and India regarding the significant potential of the bilateral economic partnership, highlighting opportunities for companies to leverage the free trade agreement. The UICC, established in early 2024, has played a pivotal role in significantly enhancing the economic, investment, and trade ties between the two nations. The UICC is dedicated to promoting economic cooperation and trade relations between the UAE and India.
Over the fiscal year from April 2022 to March 2023, bilateral trade surged from $72.9 billion to $84.5 billion, marking an impressive expansion of almost 16 percent.
Indian Chamber of Commerce (ICC)
Founded- 1925; HQ- Kolkata
Founder- Ghanshyam Das Birla
__________________________________________
The Reserve Bank of India (RBI) lifted the restriction on Bank of Baroda (BoB)'s mobile banking application ‘BoB World’ with immediate effect.
The Reserve Bank of India (RBI) lifted the restriction on Bank of Baroda (BoB)'s mobile banking application ‘BoB World’ with immediate effect. The ban on bob World was imposed after the RBI said it found lapses in the process followed by the lender in onboarding customers through the mobile app. In October 2023, the RBI directed the government-owned Bank of Baroda to suspend any further onboarding of their customers onto the ‘bob World’ mobile application. The banking sector regulator said that any further onboarding of customers of the bank on the application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank. The lender was also directed to ensure that the already onboarded ‘bob World’ customers do not face any disruption on account of suspension.
The RBI action on Bank of Baroda came after it found certain material supervisory concerns observed in the manner of onboarding of their customers through bob World.
Bank of Baroda
Founded- July 1908; HQ- Vadodara
MD&CEO- Debadatta Chand
__________________________________________
SEBI has given approval to CARE Ratings Ltd's subsidiary CARE ESG Ratings to provide environmental, social, and governance (ESG) ratings.
SEBI has given approval to CARE Ratings Ltd's subsidiary CARE ESG Ratings to provide environmental, social, and governance (ESG) ratings. Such ratings will enable the issuers to discern steps for the betterment of their sustainability performance. Having received the registration under the SEBI (Credit Rating Agencies) Regulations on May 2, 2024, CARE ESG Ratings Ltd will commence its ESG rating activity. Investors and stakeholders have adopted new perspectives on ESG-based reporting, and performance, both domestically and internationally.
In 2023, SEBI amended its regulations pertaining to credit rating agencies, whereby ERPs can be allowed to register with the regulator under the CRA (Credit Rating Agencies) norms.
Securities and Exchange Board of India (SEBI)
Founded- 12 April 1988
HQ- Mumbai
__________________________________________
In Russia, President Vladimir Putin proposed the reappointment of Mikhail Mishustin as the Prime Minister of Russia.
In Russia, President Vladimir Putin proposed the reappointment of Mikhail Mishustin as the Prime Minister of Russia. Mr. Mishustin, the former head of Russia’s tax service, has held the job for the past four years. He submitted his Cabinet’s resignation, when Putin began his fifth presidential term. Mishustin’s endorsement in the Kremlin-controlled parliament is mere a formality. Mishustin, a career bureaucrat, was said to have no political ambitions before Putin tapped him as prime minister in 2020. With no background in the security services, he is not part of the so-called siloviki faction of intelligence veterans close to Putin.
Russia
Capital- Moscow
Currency- Russian Ruble
__________________________________________
Rizwan Koita, Director of Koita Foundation and co-founder of CitiusTech, has been appointed as the chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH).
Rizwan Koita, Director of Koita Foundation and co-founder of CitiusTech, has been appointed as the chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH). Mr. Koita has been a Board member of NABH over the past 2 years and has been actively involved with the Digital Health initiatives at NABH. Koita co-founded CitiusTech, a global healthcare technology company, in 2005, and served as CitiusTech’s CEO till October 2021. Koita received IIT Bombay’s Distinguished Alumni Award in 2019, and the Ernst & Young Entrepreneur of Year Award in 2013.
NABH is a constituent board of the Quality Council of India (QCI) that is responsible for setting benchmarks for quality, accrediting and certifying hospitals and other healthcare organisations.
NABH, as an organisation, has been accredited by the International Society for Quality in Health Care (lSQua) and is also its Institutional Member.
National Accreditation Board for Hospitals and Healthcare Providers (NABH)
CEO- Atul Mohan Kochhar
HQ- New Delhi
__________________________________________
The board of directors of Piramal Enterprises, a diversified non-bank finance company (NBFC), has given approval for its merger with its wholly owned subsidiary, Piramal Capital & Housing Finance (PCHFL), which will be renamed Piramal Finance following the merger.
The board of directors of Piramal Enterprises, a diversified non-bank finance company (NBFC), has given approval for its merger with its wholly owned subsidiary, Piramal Capital & Housing Finance (PCHFL), which will be renamed Piramal Finance following the merger. Under the terms of the merger, shareholders of Piramal Enterprises will receive one equity share of Piramal Finance (PFL) for each share they hold in Piramal Enterprises, along with one NCRPS (non-convertible non-cumulative non-participating redeemable preference share) of Rs 67 of PFL, subject to approval from the RBI. The company anticipates that the merger process as a whole will be finalised within 9-12 months.
__________________________________________
Kadet Defence Systems (KDS) has launched India’s first Loitering Aerial Munitions (LAM) for the Indian Armed Forces.
Kadet Defence Systems (KDS) has launched India’s first Loitering Aerial Munitions (LAM) for the Indian Armed Forces. Under a unique Development cum Production Partner (DCPP) model with the Defence Research Development Organisation (DRDO), KDS has unveiled a game-changing array of cutting-edge technologies aimed at enhancing the operational efficacy of the Indian armed forces. These LAM systems encompass cutting-edge technologies, including Canister Aerial Loitering Munition (CALM), Combat UAVs with stand-off capabilities, and Tactical VTOL UAVs. Kadet has secured a contract to deliver over 50 LAM systems by year-end, meeting the operational requirements of the Indian armed forces. These indigenous LAMs, designed and manufactured entirely in India, boast adaptability to various terrains and altitudes, with over 90 per cent of components domestically sourced.
Kadet plans to scale up production to deliver approximately 5,000 systems within the next 2–3 years to meet the soaring demand.