Indian Jr. women's hockey team clinch Cantor Fitzgerald U21
The Indian junior women's hockey team clinched the Cantor Fitzgerald U21 International 4-Nations title after beating Ireland 1-0 in the final at Dublin, Ireland yesterday.
The win meant India ended the tournament with an unblemished record. With three goals in four games, Mumtaz Khan finished as the highest goal scorer of the tournament.
World Bank retains growth forecast for Indian economy at 7.5%
The World Bank retained its forecast of India's growth rate at 7.5 per cent for the current financial year. In its Global Economic Prospects report, the World Bank also said growth rate is expected to remain the same for the next two fiscals.
The World Bank said in its report that in India, growth is projected at 7.5 per cent in Fiscal Year 2019/20, unchanged from the previous forecast, and to stay at this pace through the next two fiscal years.
According to the report, private consumption and investment will benefit from strengthening credit growth amid more accommodative monetary policy, with inflation having fallen below the Reserve Bank of India's target.
The Bank said investment rate in India was expected to grow at a slower pace in 2019 than in 2018. It, however, said investment growth was expected to remain robust as benefits of recent policy reforms further materialised.
ISRO join search for missing An-32 transport aircraft
India's military and satellite resources have been deployed to trace an Indian Air Force's missing Antonov An-32 transport aircraft. The Indian Space Research Organisation (ISRO) has pressed into service to hunt for the missing aircraft.
The IAF, in a tweet, said, ISRO's earth observation satellites Cartosat and RISAT are taking images of the area where the aircraft disappeared.
The Indian Air Force has deployed Sukhoi-30 combat aircraft, C-130 Special Ops aircraft, AN-32, Mi-17 and ALH helicopters to locate the aircraft.
Indian Navy P-8 I aircraft also joined the search operations yesterday. All possible assistance is being provided by the Army, Navy, Police and administration in the operation.
The Indian Air Force An-32 aircraft went missing on Monday afternoon after taking off from Jorhat in Assam with 13 people on board.
IndianOil, BPCL and HPCL ink JV for Kandla-Gorakhpur LPG pipeline project
IndianOil , Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will be laying the world’s longest LPG pipeline from Kandla (Gujarat) to Gorakhpur (UP).
An IOCL statement said that the 2,757-km cross-country pipeline will connect three major States with the west coast to reach LPG to 22 bottling plants of the three Oil Marketing Companies (OMCs). A joint venture agreement to this effect was signed in Delhi on Monday evening.
The Kandla-Gorakhpur LPG Pipeline is estimated to cost about 10,000 crore. It would be implemented by a Joint Venture Company of IndianOil with 50 per cent shareholding. BPCL and HPCL will have 25 per cent share each.
“The pipeline will source LPG from three import terminals on the west coast and two refineries (at Koyali and Bina) and supply LPG to 22 bottling plants of the three OMCs connected en route – three in Gujarat, six in Madhya Pradesh and 13 in Uttar Pradesh,” an official statement said.
RBI approves appointment of Rakesh Makhija as Chairman of Axis Bank
Axis Bank June 3 said the Reserve Bank of India (RBI) has approved appointment of Rakesh Makhija as chairman of the bank. The board of the bank in March had approved appointment of Makhija as chairman subject to RBI clearance.
"We would like to inform you that RBI vide its letter dated 3151 May 2019 has approved the appointment of Rakesh Makhija (DIN: 00117692), independent director as the non-executive (part-time) chairman of the bank, for a period of 3 years, with effect from July 18, 2019, up to July 17, 2022 (both days inclusive)," Axis Bank said in a regulatory filing.
Makhija has been an active participant and contributor to the industrial and technology sectors, both internationally and in India during his career spanning over four decades.
Search operation continues to locate Indian Air Force's missing AN-32 aircraft
Search operation continued last night to find out the IAF's AN-32 transport aircraft missing since yesterday afternoon after taking off from Assam's Jorhat with 13 people onboard.
The aircraft lost contact with ground agencies after taking off from Jorhat airbase at 12:25 PM. Indian Air Force has deployed Sukhoi-30 combat aircraft and C-130 Special Ops aircraft on the search mission for locating the missing Aircraft that last contacted ground sources at 1 PM.
AIR correspondent reports that C-130, AN-32 aircraft, two Mi-17 of IAF and Indian Army ALH helicopters were launched to locate the missing aircraft. Some ground reports were received on possible location of a crash site.
Helicopters were routed to the location, however, no wreckage has been sighted so far.
Draft National Education Policy revised; choice of available languages left to state boards
The Kasturirangan committee has revised the Draft New National Education Policy and effected some changes in the three-language formula.
The committee yesterday informed the government that there had been an inadvertent error in the draft submitted for public feedback.
The committee said the revised draft has now been uploaded for feedback from states and public for a period of 30 days.
The government has clarified that the draft was recommendatory and has been revised to say the students be given flexibility over choice of language under the three-language model in the schools. In the revised draft thee choice of available languages has been left to the state boards.
ONGC topples IOC to regain most profitable public sector company
ONGC, India's top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country's most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump in its 2018-19 fiscal net profit to 26,716 crore rupees.
In comparison, IOC registered a net profit of 17,274 crore rupees for the fiscal year ended March 31, 2019. ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.
With its refining margins under pressure due to falling oil prices, IOC had also lost the title of being India's largest company by turnover tag to billionaire Mukesh Ambani-led Reliance Industries in FY19.
Air Chief Marshal BS Dhanoa leaves for 4-day Sweden visit
Air Chief Marshal Birender Singh Dhanoa has left for Sweden tonight on a four day official visit.
He will visit various operational and training units as well as interact with senior functionaries of the Swedish Air Force amongst others.
The visit would provide an impetus towards defence cooperation and pave the way for greater interaction and cooperation between the Air Forces.
This would also strengthen relationships and enable engagement in productive exchanges between the two Air Forces.
Conservative Businessman Nayib Bukele Sworn in as President of El Salvador
Conservative businessman Nayib Bukele took office Saturday as president of El Salvador, tasked with turning around grinding poverty and rampant gang violence that are sending thousands fleeing to the United States.
Bukele was sworn in by the speaker of the National Assembly in a square in downtown San Salvador, as a large, boisterous crowd applauded and shouted "We did it!" The telegenic Bukele, 37, was elected in February to succeed Salvador Sanchez Ceren, a leftist former guerrilla who maintained close relations with his Nicaraguan and Venezuelan counterparts.
Bukele has said he will seek closer ties with the United States, home to 2.5 million Salvadorans.
With only 6.6 million people living in the small Central American country, its fortunes are closely linked to the United States which nearly a third of its citizens call home.