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PM lays foundation stone for urban infrastructure projects; witnesses experience sharing by beneficiaries of welfare schemes; addresses public meeting in Jaipur

The Prime Minister, Shri Narendra Modi, addressed a public meeting in Jaipur today.

He unveiled a plaque to mark the laying of foundation stone of 13 Urban Infrastructure projects for the State of Rajasthan.

He then witnessed an audio-visual presentation of experience sharing by select beneficiaries of schemes of the Government of India and Government of Rajasthan. This presentation was moderated by the Chief Minister of Rajasthan, Smt. Vasundhara Raje. The schemes included Pradhan Mantri Ujjwala Yojana, Pradhan Mantri Mudra Yojana, and Pradhan Mantri Awaas Yojana, among many others.

Dr. T.K Chand gets Knowledge Excellence Award for Outstanding Contribution in Aluminium Knowledge domain

Dr. Tapan Kumar Chand, CMD, NALCO, called upon industry leaders, policy makers and stakeholders in the Aluminium value chain to scale up production of the ‘wonder metal’ to meet the rising demand as consumption of Aluminium is poised to reach 10 million tons in the next decade.

Addressing the 22nd International Conference on Non-Ferrous Minerals and Metals 2018 at Ranchi, Dr. Tapan Kumar Chand, CMD, NALCO, said, ‘’We need to start thinking ahead and take steps to protect the interests of the Aluminium sector. The consumption of Aluminium will reach 10 million tons in the next 10 years. The country needs to scale up production of Aluminium to meet the demand.’’

International Round Table Conference on “Data for New India’’ on 9 -10th July 2018

The Ministry of Statistics &Programme Implementation (MoSPI) is organising a two-day International Round Table Conference at New Delhi during 9-10th July, 2018.  The objective of the Round Table Conference is to identify innovative ideas for improving the statistical system in India, taking cue from the best practices followed in advanced countries like Canada, UK and Australia. Such a Conference is being organized in India for the first time.

Sterlite Tech to buy Italian optical cable firm for €47 million

Pune-headquartered Sterlite Technologies has signed an agreement to acquire Italy-based specialised optical cable manufacturer Metallurgica Bresciana S.p.A. for €47 million in an all-cash deal.

The acquisition, which will bring in new products and customers, will be done through the company’s wholly-owned Italian subsidiary Sterlite Technologies SpA. The deal is expected to close in two weeks, Sterlite Technologies said in a regulatory filing.

BigWin Infotech receives CoR from RBI

The Certificate of Registration (CoR) enables BigWin Infotech to commence Peer-to-Peer (P2P) lending business in India The start-up said that the company’s regulatory and operational infrastructure has met with the standards expected by the RBI. This has resulted in the issuance of an in-principle approval on 8th May 2018. “we have successfully created a robust, user friendly platform. This has opened up ways for to reach every Indian and bridge the credit deficiency the nation faces” said Rajiv M Ranjan, Founder & CMD, PaisaDukan.

Blind Cheetah 3 robot designed by MIT can navigate obstacles climb stairs

Researchers from MIT have designed a four-legged robot called Cheetah 3 that can run, jump onto desks, and climb obstacle-laden stairs without visual sensors. The 40kg robot has been developed with two new algorithms to provide the robot with ‘blind locomotion’ capabilities. Using those, the robot adjusts its movements and determines how much force to use to perform actions like stepping forward and pulling back and deals with unexpected forces like a kick. The robot can also recover from adverse conditions like being shoved or yanked by relying on “feel” instead of cameras. It will be presented at the International Conference on Intelligent Robots, Spain in October.

MoEFCC declared the area around Mudumalai as an ESZ

The Union Ministry of Environment, Forests and Climate Change (MoEFCC) declared 438 of the area around the Mudumalai Tiger Reserve in the Nilgiris as an eco-sensitive zone (ESZ). This is to prohibit construction and commercial mining activities and restrict hotels and resorts near the reserve. The reserve, comprising the wildlife sanctuary and the national park, extending over an area of 321, was declared a tiger habitat in 2007. Besides the tiger habitat, 367 sq. km. is the buffer area for a total of 688 sq. km. reserve area. The reserve is a critical part of the Nilgiris Biosphere Reserve spread over 5,500 sq. km.

Global Bank listed 25 countries as High risk jurisdictions

Global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market have tagged 25 countries including China, UAE, Cyprus and Mauritius as ‘high-risk jurisdictions’. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny while non-resident Indians and persons of Indian origin will run into new hurdles in participating in funds set up in these countries for trading on Indian exchanges. SEBI registered foreign portfolio funds invest in India through 56 countries. Of these, 25 are now considered ‘high risk’.

India to develop ‘World’s emptiest airport’ in Sri Lanka

India would operate Sri Lanka’s loss-making Mattala Rajapaksa International Airport in Hambantota, called the ‘world’s emptiest airport’ due to a lack of flights. This comes in the backdrop of China developing the Hambantota seaport project in Sri Lanka. The airport, which was named after former president Mahinda Rajapaksa, was built with the capacity to handle one million passengers a year, was officially opened in March 2013.

Uttar Pradesh orders plastic ban from July 15, third time since 2015

During a programme in Barabanki district, Uttar Pradesh Chief Minister Yogi Adityanath announced ban on plastic bags, cups and glasses across the state from July 15 onwards. Maharashtra had banned the use of plastic from June 23. The latest announcemnt came as Prime Minister Narendra Modi is pushing a plan to completely end the use of single-use plastic in India by 2022.

West Bengal chief minister cuts luxury travel for ministers, announces ‘one person, one car’ policy

In an attempt to reduce travel expenses of ministers and bureaucrats, West Bengal chief minister Mamata Banerjee also announced that foreign travel of ministers and state officials would be sanctioned only by her, apart from ordering cuts on hospitality expenses such as food and refreshments on an emergency basis. She further mandated economy class travel in low-cost airlines for all domestic air trips. Banerjee also formed a committee, to be headed by chief secretary Malay Kumar De, to supervise progress of government projects.

Release of Rs 500 cr to SCI to promote cruise tourism under Centre’s ‘Sagarmala Project’: Nitin Gadkari

Union Transport Minister Nitin Gadkari has said, under Sagarmala project, Centre will provide 500 crore rupees to Shipping Corporation of India(SCI) to lease out cruises to promote cruise tourism. This was announced at the Jawaharlal Nehru Port Trust (JNPT) Annual Awards event in Mumbai.



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