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1 IOCL gets Environment Ministry’s clearance to set up 2G ethanol plant in Panipat

The estimated investment in setting up the plant is Rs 766 crore
The Ministry of Environment has granted clearance to the Indian Oil Corporation Ltd (IOCL) to set up a Rs 766-crore 2G ethanol plant in Haryana’s Panipat district.

Making the announcement through a tweet on Sunday, Union Environment Minister Prakash Javadekar said, “Happy to inform that Environment Clearance is given to IOCL to set up new 2G Ethanol plant in Panipat.”

He also said that the project would help in achieving the goal of doubling farmers’ income.

11-Nov-2019 News in Details
2 TN Seshan, Former Chief Election Commissioner Known for Reforming Indian Poll Process, Passes Away

Former chief election commissioner TN Seshan passed away at his residence in Chennai on Sunday evening following a cardiac arrest. He was 86.

Born as Tirunellai Narayana Iyer Seshan on December 15, 1932, in Thirunellai, Palakkad district, Kerala, Seshan was widely known and remembered for his electoral reforms and had played a major role in drastically ending electoral malpractices in the country.

The legendary Seshan was not keeping good health for the past couple of years and he passed away at about 9.30pm, a senior police official said. Known for his no-nonsense attitude, he was largely confined to his home here for the past several years due to old age.

11-Nov-2019 News in Details
3 CJI Ranjan Gogoi releases Assamese version of book 'Courts of India: Past to Present'

Chief Justice of India Justice Ranjan Gogoi released the Assamese version of the book 'Courts of India: Past to Present' in Guwahati on Sunday. Releasing the book published by the Publication Division, Mr. Gogoi termed it as the architecture of justice. He said, the book fabulously explains the Indian justice system.

The Chief Justice of India also emphasized that the law students should go through the book. Chief Minister of Assam Sarbananda Sonowal, Chief Justice of India designate Sharad Arvind Bobde along with other dignitaries also attended the event. Addressing the gathering, Chief Minister Sonowal said that the book will be provided to all government libraries in Assam. In his address, Justice Bobde termed the book as one of the finest compilations. Justice Bobde said, he is looking forward to see the book get translated in other languages too.

11-Nov-2019 News in Details
4 Google India appoints former Star and Disney head Sanjay Gupta as new Country Manager

Google India has appointed Sanjay Gupta, former Star and Disney head as its new country manager. Gupta will also serve as Vice President of Sales and Operations for India. Gupta will be taking over his role at Google early next year.

Gupta will be replacing Rajan Anandan, the VP for Google South East Asia and India, who had resigned in April 2019. Anandan was replaced by Vikas Agnihotri, Google's director of sales, who took on the role of Google Interim MD.

Gupta said that he is delighted to take on the challenge of leading and shaping Google's charter in India. "It is an exciting opportunity to leverage the power of technology to solve some of India's unique challenges and make the Internet an engine of economic growth for people and communities," Gupta added.

09-Nov-2019 News in Details
5 Indian Bank, Muthoot Microfin sign MoU

Public sector Indian Bank on Friday said it has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises.

"Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers," the bank said in a statement.

Indian Bank general manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin deputy CFO Praveen T in the presence of the bank's managing director and CEO Padmaja Chunduru recently.

09-Nov-2019 News in Details
6 Exim Bank gives $30 million line of credit to Ghana

The Export-Import (Exim) Bank has provided a $30 million line of credit to Ghana for potable water project in the country. Exim Bank has entered into an agreement with Ghana for a line of credit (LoC) of $30 million (about Rs 210 crore) for financing rehabilitation and up-gradation of potable water system in Yendi, Ghana, the Reserve Bank of India (RBI) said in a release on November 7.

Under the arrangement, financing of export of eligible goods, works and services from India would be allowed subject to their being eligible for export under the Foreign Trade Policy of India and whose purchase may be agreed to be financed by the Exim Bank.

09-Nov-2019 News in Details
7 Moody's revises outlook on 6 Indian financial companies from 'stable' to 'negative'

Moody's Investors Service revised its outlook on six financial institutions to negative from stable on November 8. These are EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI.

At the same time, Moody's has maintained its outlook on Bank of India, Canara Bank, Syndicate Bank and Union Bank as stable.

The development comes after Moody’s Investors Service, on November 7, changed its outlook on India’s ratings to 'negative' from 'stable', citing increasing risks that the country’s economic growth will remain lower than in the past.

The outlook partly reflects the ineffectiveness of the government and its policy in addressing economic weakness, which led to an increase in debt burden from already-high levels, the rating agency said.

09-Nov-2019 News in Details
8 India to host 2023 Men's Hockey World Cup

India will host the 2023 Men's Hockey World Cup from 13th to 29th of January.

Making this announcement today, the International Hockey Federation (FIH) said India will play host to the men's tournament while Spain and the Netherlands have been named as the co-hosts of the 2022 Women's World Cup scheduled to be held from 1st to 22nd of July.

The decisions were made during FIH's Executive Board Meeting in Lausanne, Switzerland today.

The FIH further said that the venues of both the men's and women's World Cups will be announced by the host nations at a later date.

09-Nov-2019 News in Details
9 Senior IAS officer Arvind Singh takes over as AAI chairman

Arvind Singh, a 1988-batch IAS officer of Maharashtra cadre, on Wednesday took charge as the chairman of the Airports Authority of India (AAI), an official release said.

The AAI, which comes under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.

Prior to this appointment, Singh was the additional chief secretary (Energy) of Maharashtra government.

He also worked as chairman and managing director of Maharashtra State Power Generation Company Limited and Maharashtra State Electricity Transmission Company Limited.

08-Nov-2019 News in Details
10 US announces increase in H-1B work visa application fee by 10

The US has announced the increase of H-1B work visa application fee by 10 US Dollars as part of its revised selection process. US Citizenship and Immigration Services (USCIS) made the announcement yesterday. It said, the non-refundable fee will support the new electronic registration system to make the H-1B cap selection process more efficient. Petitioners seeking to file H-1B cap-subject petitions, will first have to electronically register with the USCIS during a designated registration period.

USCIS Acting Director Ken Cuccinelli said the electronic registration system is part of an agency-wide initiative to modernise immigration system while deterring fraud.

The H-1B program allows US companies to temporarily employ foreign workers in occupations that require the application of a body of highly specialised knowledge with bachelor's or a higher degree in the specific speciality, or it's equivalent.

08-Nov-2019 News in Details