NITI Aayog to release Export Preparedness Index report for 2022
NITI Aayog is set to release the third edition of Export Preparedness Index (EPI) for States and UTs for the year 2022 on Monday.
The report will have details about India’s export performance amid the prevailing global trade context in 2021-22, followed by an overview of the country’s sector-specific export performance.
The report will also highlight the need to develop districts as export hubs in the country and undertakes a district-level analysis of merchandise exports.
Union minister Bhupender Yadav launches mangrove plantation drive in TN’s Kovalam
Union Minister for Environment, Forest and Climate Bhupender Yadav visited Tamil Nadu on Friday to launch a mangrove plantation programme in Kovalam creek in Tamil Nadu’s Chengalpattu district.
The drive is a part of the Mangrove Initiative for Shoreline Habitats and Tangible Incomes (MISHTI) scheme of the Government of India and around 100 people, including students, participated in the event. The officials noted that the plantation drive is a part of ongoing “Hariyali Mahotsav” with a particular focus on mangroves.
“Joined the celebration of Hariyali Mahotsav in Chengalpattu, Tamil Nadu. Led a mangrove plantation drive along with about hundred other people as part of the Mangrove Initiative for Shoreline Habitats and Tangible Incomes (MISHTI) scheme envisioned by PM Shri @narendramodi ji,” the Union Minister wrote on Twitter.
PM Modi in France: India to open new consulate in Marseille
Prime Minister Narendra Modi on 14 July said that India has decided to open a new consulate in Marseille in France. His announcement came while addressing the Indian community at La Seine Musicale in Paris. PM Modi also said that Saint Thiruvalluvar's statue will be installed in France. He said a statue of the great Thiruvalluvar in France is an honour for India.
The Prime Minister also noted that French football player Kylian Mbappe is a "superhit" among the youth in India and added that the player “is probably known to more people in India than in France".
Bank of Israel joins the International Committee on Credit Reporting (ICCR)
In November 2022, at the winter meeting of the International Committee on Credit Reporting (ICCR), a vote was held among the Committee’s members, and it was decided unanimously to approve the Bank of Israel’s accession as a member of the organization.
Since November, the World Bank has taken internal steps to approve the Bank of Israel’s membership, and following the convening of the spring session of the Committee in June, the World Bank issued an official approval for the Bank of Israel’s accession.
Assam government performed Griha Pravesh ceremony for 3 lakh people under Prime Minister Awas Yojana
Assam government on Thursday organised Griha Pravesh (home entrance) ceremony for 3 lakh people of the Prime Minister Awas Yojana (Grameen). The government announced another 6 Lakh Houses Construction to be Complete by February 2024.
India to resume operations at stalled hydrocarbon block in Iraq
At a time when Iraq has emerged as a major supplier of crude oil to India, the Centre is looking at resuming operations of state-run ONGC Videsh Ltd’s (OVL) hydrocarbon exploration block in Iraq, which has been under force majeure since 2003, said two people with knowledge of the development.
One of the persons said Indian energy companies may look at investing in oil and gas assets in the West Asian country.
“Several aspects would be considered for resumption of operations at the stalled project and investments, including the security situation. There are some issues on which clarity would be required," said this person.
Google Pay launches UPI Lite to boost small value transactions
Google Pay, the second largest Unified Payment Interface (UPI) platform in the country has officially added support for UPI Lite payment, which allows users to make small payments without using the pin. UPI lite technology allows users to make fast payments even during peak hours with a higher success rate when compared to the conventional UPI payment.
Google Pay allows existing users to create a UPI lite wallet within the same app, which can be loaded up to Rs 2,000. It also enables users to make transactions worth up to Rs 200 without requiring a pin. Currently, there is a limitation, where, one can only load up to Rs 2,000 twice a day, hence, the spending limit on the Google Pay UPI lite is limited to Rs 4,000 per day.
RBI cancels registration of four NBFCs, 11 surrender certificates
The Reserve Bank of India (RBI) Thursday said it has cancelled the certification of registration of four non-banking finance companies (NBFC) two from Telangana and one each from Kerala and Uttar Pradesh. And the entities will not transact the business of a shadow bank, as defined under RBI Act, 1934.
Separately, four NBFCs surrendered their registration certificates following a decision to exit from the non-banking finance business. Three NBFCs ceased operations following corporate actions such as amalgamation, dissolution, merger or voluntary strike-off. The remaining four NBFCs have surrendered their registration certificates because they do not require registration under the criteria prescribed for an unregistered core investment company (CIC), the central bank said in a release.
Gadkari lays foundation stone for three NH projects worth ?2,900 cr in Andhra Pradesh
Union minister for road transport and highways Nitin Gadkari on Thursday laid the foundation stone for three national highway projects in Tirupati, Andhra Pradesh, the ministry of road transport & highways said. These projects encompass a combined length of 87 kilometers and carry a total cost of ₹2,900 crore.
According to the ministry, the first undertaking is the Naidupate-Turpu Kanupur Section of NH-71 spans 35 km and requires an investment of ₹1,399 crore. The second project is the Chillakuru cross-Krishnapatnam Port South Gate Section via Turpu Kanupur on NH-516W, covering a distance of 36 km and valued at ₹909 crore.
Reliance Foundation's Jyothi Yarraji wins historic gold at Asian Athletics Championships
Reliance Foundation's Jyothi Yarraji scripted history in style at the Asian Athletics Championships by becoming the first Indian ever to win gold in the 100m hurdles event at the continental championships in Bangkok, Thailand, on Thursday.
In wet and slippery conditions due to heavy rain, Jyothi clocked a time of 13.09s in the final to finish on top in a strong field. Japan’s Asuka Terada (13.13s) and Masumi Aoki (13.26s) won silver and bronze respectively.