Center signs 4 MoUs with states/UTs under UDAY scheme
- Nagaland, Andaman and Nicobar Islands, Dadra and Nagar Haveli, and Daman and Diu has signed a Memorandum of Understanding (MoU) with the Government of India, under Ujwal Discom Assurance Yojana (UDAY) scheme.
- “These State/UTs have joined only for operational improvement and shall not undergo financial restructuring/issue of bonds under the scheme,” a Power Ministry release stated.
- ” An overall net benefit of approximately Rs. 551 crores, Rs. 18 crores, Rs. 13 crores and Rs. 10 crores respectively would accrue to the State of Nagaland and UTs of Andaman and Nicobar, Dadra and Nagar Haveli, and Daman and Diu,” the release said.
- They has been getting the benifit by the way of the cheaper of the capital expenditure, reduction in Transmission losses, interventions in energy efficiency, etc. during the period of turnaround.
- “Reduced levels of AT&C losses would mean lesser cost per unit of electricity to consumers. Further, an operationally healthy DISCOM/Electricity Department would be in a position to supply more power,” the official release said.
- Ujwal DISCOM Assurance Yojana is the financial turnaround and revival package for electricity distribution companies of India initiated by the Government of India with the intent to find a permanent
- Launch year: 2015
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Power
- Mission statement: “Financial turnaround of Power Distribution Companies”
- Established: November 2015
- Founder: Centrally Sponsored Scheme
Karnataka Cabinet approves Electronics System Design, Manufacturing policy
- The Karnataka cabinet has given the approval for the Karnataka Electronics System Design and Manufacturing Policy 2017-22, aimed at encouraging the hardware sector on Tuesday.
- “We are good in Software, but not in hardware, we want to encourage hardware sector also. So the government has come out with this policy,” official sources said after the cabinet meeting here.
- Sources in the government said that the IT Department has been taken as the some of the keen of the design center of the electronic system design and manufacturing – the latest growing segment in the Information and Communications technology that included chip design, embedded software, large scale integration – key in the manufacture of computers, cellphones and other gadgets.
- “The policy is expected to bring huge investment to the State. The centres will be established in Shivamogga, Mangaluru, Kalaburagi, Mysuru, and Bengaluru,” sources said.
- Karnataka is a state in southwest India with Arabian Sea coastlines
- The capital, Bengaluru (formerly Bangalore), is a high-tech hub known for its shopping and nightlife
- To the southwest, Mysore is home to lavish temples including Mysore Palace, former seat of the region’s maharajas
- Hampi, once the medieval Vijayanagara empire’s capital, contains ruins of Hindu temples, elephant stables and a stone chariot
- Capital (and largest city): Bangalore (Bengaluru)
- Capital: Bengaluru (Executive Branch)
- Districts: 30
India-Myanmar joint Army exercise “IMBAX-2017” begins in Meghalaya
- A group of 15 officers from the Myanmarese army on Monday has started the one of the six-day bilateral military exercise with their counterparts from the Indian Army in Meghalaya that is the first ever joint training of the troops from the two neighbouring countries.
- “The exercise aims to train officers of Myanmar Army in various United Nations peacekeeping roles and tasks,” said a release issued here by defence public relation officer Lt Col Suneet Newton.
- “The first IMBAX is a positive step in the bilateral relations between the two neighbouring nations,” said the release.
- “The exercise was a great success and has taught valuable lessons to the troops of both the countries,” said an Indian Army release.
- “The aim of this bilateral training event is to train the Myanmar delegation for participation in United Nations Peacekeeping Operations under the UN Flag,” Lt Col Newton said.
- The Indian Army is the land-based branch and the largest component of the Indian Armed Forces
- The President of India is the Supreme Commander of the Indian Army, and it is commanded by the Chief of Army Staff, who is a four-star general
- Motto: “Service Before Self”
- Chief of the Army Staff (COAS): General Bipin Rawat, UYSM, AVSM, YSM, SM, VSM
- Vice Chief of the Army Staff (VCOAS): Lieutenant General Sarath Chand, UYSM, AVSM, VSM
- Headquarters: New Delhi
- Founded: 15 August 1947, India
- Color: Gold, red and black
FOGSI launches ‘Manyata’ movement for quality maternal care in India
- The Federation of Obstetric and Gynecological Societies of India has did the partnership with the MSD for Mothers, MacArthur Foundation and Jhpiego (an affiliate of Johns Hopkins University), that has launched ‘Manyata’ that is the term of the nation and that is trying to get the quality care for mothers during and immediately after childbirth when risks of life-threatening complications are the highest.
- Pankaja Munde, Minister of Rural Development, Women and Child Welfare, said, “It is now high time that we put the focus back on women, their needs, their health especially when they are expecting. Manyata should not just be limited to private hospitals, but we should work towards implementing this in all public hospitals across India.”
- Speaking on the initiative, actress Shilpa Shetty said, “It is time that the society also cared as much about the health and well-being of mothers during childbirth, as the baby she brings to this world. Being a mother, I would love to see everyone coming together to join the movement and urge all expecting mothers to insist on quality care for herself”.
- “In popular culture, women are hailed as symbols of sacrifice and conditioned to think that they are second to their children and spouse. This is entirely a false perception. We must demand the very best care for ourselves especially when it comes to motherhood. Caregivers must also give equal attention to mothers as much as their babies,” she added.
- Hema Divakar, National Convenor, Manyata and Former FOGSI President, said “Manyata is not just a promise to expecting women for quality care, it is a reality. It is FOGSI’s approval recognizing those who consistently deliver quality care during pregnancy and childbirth knowing that better, safer and respectful care will reach mothers”.
- “FOGSI’s clarion call through Manyata is to engage as many providers as we possibly can so that no mother dies giving life. It is a direction to our community of doctors that we must do whatever we can because she matters. We must remember never to forget moms. We must empower her. The time is right. The time is now.” He told to media.
- Rishma Pai, FOGSI President, added, “Supporting quality improvement initiatives in private facilities will motivate peers to join the quality movement. After all, be it the public or private hospital, every mother deserves the best care wherever she chooses to go, because ‘She Matters'”
- Naveen Rao, Lead, MSD for Mothers further said, “We believe that in order to save mothers, we must design, deploy and scale solutions in three areas: empowering women to make informed choices, equipping health providers with the skills, tools and technologies they need to provide high-quality care; and strengthening health systems to sustain the delivery of high-quality services that benefit women and their communities”.
Road-map for Talanoa Dialogue prepared at Bonn UN Climate Change Conference
- The UN climate conference has been taken on Saturday with countries putting in place a road-map for ‘Talanoa Dialogue’ that is the one of the more yearlong of the countries’ progress on climate actions. The Conference has also taken the decision of the progress of the implementing the Paris Agreement and brought the rich nations on board to walk the talk on their pre-2020 commitments.
- The negotiations has been going to finish till by Friday evening but differences over the issue of finance (contributions from rich nations to help developing countries adapt to challenges of climate change) dragged it till Saturday morning with negotiators working overnight to finalise the outcome of the Conference.
- The compromise has been get to reach at the time when the country wants to take the meeting with the special outreach of the review progress towards emissions cuts and delivering on climate finance in immediate term.
- The ‘Talanoa Dialogue’ process has been going to help the review their actions and discuss the way forward. Agreement on this stocktaking process is an important outcome of the Conference. It will discuss pre-2020 actions of rich nations apart from looking at the climate actions of all nations under the Paris Agreement.
- The United Nations is an intergovernmental organization tasked to promote international cooperation and to create and maintain international order
- Headquarters: New York City, New York, United States
- Founded: 24 October 1945, San Francisco, California, United States
- Secretary general: António Guterres
- Founders: United States of America, India, Venezuela, Turkey, MORE
- Subsidiaries: United Nations Security Council, UNESCO, MORE
- Awards: Nobel Peace Prize, Peabody Award, Academy Award for Best Documentary Short Subject
India climbs 3 steps to 51 on IMD World Talent rankings
- India has get it up to the three ranking in the world by the 51 globally in terms of ability to attract, develop and retain talent, besides this the Switzerland topped the list compiled by leading global business school IMD.
- Globally, Europe continues to dominate the rankings, with Switzerland, Denmark, and Belgium being the most competitive countries. Austria, Finland, the Netherlands, Norway, Germany, Sweden and Luxembourg made up the top 10.
- “The outstanding education systems in Europe sets them apart from the rest of the pack. This allows them to develop local talent and at the same time attract foreign, highly-skilled professionals, which many European businesses rely upon to perform,” the report said.
- According to Cabolis, “The country’s labour growth provides the necessary domestic talent pool”. “Besides, the emphasis on science in schools, the availability of finance skills and knowledgeable senior managers are the areas in which India performs relatively well, but the country needs to invest in all levels of education and job-related competence mastering,” Cabolis added.
- “Germany is one of the largest exporters of talent and the country also attracts talent from across the world. Despite criticism from some quarters surrounding immigration, Germany’s policies sustain its access to the international talent pool. However, with the European crisis still taking its toll on the German economy, the country has slightly decreased its total expenditure on public education,” said Arturo Bris, Director of the IMD World Competitiveness Center.
- “Fundamentally, the Nordic economies have a very high quality of life, extremely good educational systems, and massive investment by the public sector in education. At the same time, the Nordic countries remain difficult for foreign talent, mainly due to the high cost of living,” Arturo Bris said.
India-Russia sign pact for visa free entry of flight crew
- India and Russiahas signed the agreement for the keep the general declaration for visa free entry of the crew of chartered and scheduled flights between the two countries.
- Officials of the two countries have signed this event of the signed agreement, a home ministry official said on Tuesday.
- The agreement give the facility of the visa free entry, stay and exit of crew of aircraft of the designated airlines as well as other aircraft companies operating chartered and special flights in the respective territories on reciprocal basis.
- By the report of the officials around 1,200 scheduled flights ply between India and Russia every year.
- In the term of the agreement there are about 1,100 Russian chartered flights arrive in India every year. A majority of them land in Goa with Russian tourists.
BANKING AND FINANCE
Govt increases issue size of Bharat 22 ETF to Rs 14,500 cr
- The government has increased its Rs. 14,500 crore through the Bharat-22 Exchange Traded Fund (ETF), comprising 22 companies, a top official said on Monday.
- “We have decided to retain Rs. 14,500 crore of the total subscription that has come in for Bharat-22 ETF,” Department of Investment and Public Asset Management (DIPAM) Secretary Neeraj Gupta said
- ICICI Prudential Mutual Fund managed Bharat-22 ETF’s new fund offer (NFO) that has the starting of the size of the new fiscal of the term of the Rs. 8,000 crore. As much as 25 per cent of the total issue size, or Rs. 2,000 crore, was reserved for anchor investors who put in bids worth about Rs. 12,000 crore.
- “During the three days reserved for non-anchor investors, we witnessed an overwhelming response from all investors, particularly retail segment. In due course, the ETF will be listed,” ICICI Prudential AMC MD and CEO Nimesh Shah said.
- The government has set an ambitious target of raising Rs. 72,500 crore for disinvestment in the current fiscal. Of this, Rs. 46,500 crore is to be raised through minority stake sale in PSU and Rs. 15,000 crore from strategic sale. Another Rs. 11,000 crore is to come from listing of insurance companies.
Mastercard, Mswipe tie-up to strengthen digital payment acceptance in India
- In the term of the to make the India cashless and the make the economy in the term of the easy, Mastercard on Tuesday announced that it is getting the tie-up with technology company Mswipe to launch Asia’s first digital merchant on boarding solution.
- “Through this collaboration, our focus is to deliver convenient, safe and secure technologies for merchants to accept electronic payments that will boost acceptance infrastructure in the country,” said division president, South Asia, Mastercard, Porush Singh.
- “Mswipe’s objective is to digitize not only payments but all other business processes around payments. While almost every other element of the merchant acceptance business has gone digital, KYC authentication remains a big hurdle and leads to inefficient and sub-optimal merchant on-boarding experience,” said CEO Mswipe, Manish Patel.
- “The solution is in line with Prime Minister Narendra Modi’s vision for Digital India,” added Patel.
- “Through this collaboration, we hope to create a convenient yet safe digital infrastructure that ensures business innovation,” added co-founder Signzy, Arpit Ratan.
- “Towards enabling a digital India vision, merchants will be able to accept all payment networks. MasterCard’s focus is to deliver convenient, safe and secure technologies for merchants to accept electronic payments,” he said. Unlike merchant-acquiring banks that insist on the business opening a bank account, Mswipe allows the merchant to receive the money into his existing account. “We have tied up with Corporation Bank and RBL Bank for processing the transaction, but the money can be received in any account the day after the transaction,” he said.
- Mastercard Incorporated is an American multinational financial services corporation headquartered in the MasterCard International Global Headquarters, Purchase, New York, United States, in Westchester County
- CEO: Ajaypal Singh Banga (1 Jul 2010–)
- Customer service: 00 1 636-722-7111
- Headquarters: Purchase, New York, United States
- Founded: 16 December 1966
- Subsidiaries: Cirrus, Brighterion, DataCash, MORE
- Founders: Wells Fargo, Crocker National Bank, Bank of California, First Interstate Bancorp
India, World Bank ink $100-million loan agreement for solar parks
- The government’s principal clean energy financing agency, the Indian Renewable Energy Development Agency (IREDA) has signed the $100-million loan agreement with the fund shared infrastructure for solar parks in the country.
- An IREDA statement said, “IREDA, the World Bank and the Department of Economic Affairs have signed the International Bank for Reconstruction and Development (IBRD) loan agreement of $75 million, Clean Technology Fund loan agreement of $23 million and Clean Technology Grant Fund of $2 million to support lending by IREDA to the shared infrastructure for solar parks projects in India.”
- “The project will help establish large-scale solar parks and support the government’s plan to install 100 gigawatt (GW) of solar power out of a total renewable energy target of 175GW by 2022,” the statement said.
- The loan for “Shared Infrastructure for Solar Parks Project” would go towards financing solar parks in the country, a Finance Ministry release said here.
- Ministry of New and Renewable Energy or MNRE is a ministry of the Government of India
- The ministry is currently headed by Piyush Goyal, a cabinet minister
- The ministry was established as the Ministry of Non-Conventional Energy Sources in 1992
- Formed: 1992
- Jurisdiction: India
- Headquarters: Block-14, CGO Complex, Lodhi Road, New Delhi, India
- Minister of state independent charge: R. K. Singh
Science and Technology
NASA green lights SpaceX use of pre-flown Falcon 9 first stages on CRS missions
- There has been the only the one of the nineteen successfully landing of the company’s Autonomous Spaceport Drone Ships (ASDS) or at Cape Canaveral Air Force Station’s “Landing Zone 1” (formerly Space Launch Complex 13) before NASA has given the permission to the SpaceX to use its pre-flown boosters for cargo resupply runs to the International Space Station.
- The 13th mission that SpaceX that has been taken the carry the one of the project that is the $1.6 billion Commercial Resupply Services contract,that has been with the comapny of the NASA, will use a “flight-proven” Falcon 9 first stage to provide the mission with its initial start from Cape Canaveral Air Force Station’s Space Launch Complex 40 located in Florida. This mission has been postponed and has been sceduled for the launch on December 4, 2017, with a planned liftoff set for 2:53 p.m. EST (19:53 GMT).
- Besides this, the Hawthorne, California-based NewSpace firm is still eyeing an end-of-year maiden flight for their Falcon Heavy rocket. According to a report appearing on NASASpaceFlight, SpaceX hopes to conduct a static test fire of the triple-bodied Falcon Heavy sometime this December prior to the rocket’s inaugural flight taking place someday in late December (although that is not official according to sources within the company).
Gates 3 & 4 of Feroz Shah Kotla to be named after Anjum Chopra
- Just a month ago the Gate No.2 was has been set for the former India opener Virender Sehwag, the Ferozshah Kotla Ground in the national capital will have another couple of gates that has given the name after that the ex-Indian women’s team captain Anjum Chopra.
- “In order to recognize, encourage and reward the contribution that women deserve in our country and in her sports, a woman cricketer has been chosen too and it has been decided to name a gate in the name of Arjuna award winner and Padamshri awardee, Anjum Chopra,” a DDCA statement read.
- “Gates 3-4 will be now be renamed as Anjum Chopra Gate,” it added.
- The DDCA has also established the one of the Honours Committee led by retired Justice Mukul Mudgal as the chairperson and comprising noted commentators Narottam Puri and Ravi Chaturvedi, senior journalists Neeru Bhatia and Vijay Lokapally.
AWARDS & RECOGNITION
Beyonce tops Forbes list of highest-earning women in music
- Just after the Adele, that she has taken the Grammy award for Album of the Year in February, that has she broken that in the half for the share with Beyoncé, the internet concluded—in recognition of the latter’s Lemonade. But Queen Bey won an even more valuable distinction outright: she’s this year’s highest-paid woman in music, pulling in a whopping $105 million pretax.
- “I am proud of my position as a boss, as a person that runs my own company,” she told Forbes. “I’m an entrepreneur. … I don’t want to shy away from it. I actually want to kind of grab it by its balls.”
- “Adele’s music appeals to listeners of all ages all over the world with her undeniably powerful, emotional vocal interpretations paired with timeless songwriting and production,” says multiplatinum singer-songwriter Skylar Grey. “No matter what genre someone generally subscribes to, it’s hard to find a music lover who doesn’t appreciate what she does.”
List of the Top 10:
- Beyoncé $105 million
- Adele $69 million
- Taylor Swift $44 million
- Céline Dion $42 million
- Jennifer Lopez $38 million
- Dolly Parton $37 million
- Rihanna $36 million
- Britney Spears $34 million
- Katy Perry $33 million
- Barbra Streisand $30 million
Former Wimbledon champion Jana Novotna dies aged 49
- The former Wimbledon champion Jana Novotna has died at the age of 49 years because of the cancer. The Czech player, Jana Novotna has won in the year 1998 singles title at SW19, lost her battle with the disease on Sunday, the WTA announced on its website on Monday morning.
- A statement read: “It is with deep sadness that the WTA announces the passing on Sunday, November 19, of Jana Novotna. After a long battle with cancer, Jana died peacefully, surrounded by her family in her native Czech Republic, aged 49.”
- The former British No1 Jo Durie paid tribute to Novotna’s spirit on court. She said on Twitter: “Oh no how terrible sad. All thoughts to her family and friends. So glad Jana won Wimbledon. Such a fighter on court & a wicked sense of humor.”
- The former American doubles player Pam Shriver added: “Jana was as kind as she was athletic, as smart as she was competitive. I can’t believe she is gone this soon. Her smile lives forever young.”
- The former British player Andrew Castle, now a commentator for the BBC, said: “What a terrible shame. She was good fun of an evening, a champion on court, so tough to play against. And her smile was wonderful.”
- The WTA chief executive officer, Steve Simon, said: “Jana was an inspiration both on and off court to anyone who had the opportunity to know her. Her star will always shine brightly in the history of the WTA. Our condolences and our thoughts are with Jana’s family.”
Rukhmabai, the first Indian woman physician, gets Google Doodle
- Google India on has given the tribute on Wednesday to the Rukhmabai, who was the first Indian women to practice medicine in colonial India, with a doodle.
- “Today’s Doodle by illustrator Shreya Gupta shows the courageous doctor among her patients, doing the dedicated work of a skilled physician,” said Google’s blog post on its doodles.
- Users in South Korea, Australia, New Zealand and other Asia Pacific countries are being treated with Kimchi, the popular Korean dish made of napa cabbage, green onion, fish sauce, red pepper flakes, rice flour, salt, ginger, radish, carrot, and garlic made in onggi (clay pot).