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John Hennessy appointed as Alphabet's New Board Chairman
Alphabet appointed John L. Hennessy as the new board chairman of the company. Hennessy has been on the board since 2004 and Lead Independent Director since 2007. He replaced Eric Schmidt. Schmidt will remain as a "technical advisor" to Alphabet. Hennessy is a former president of Stanford University and has had an extensive career in the tech industry.
India Lifts U-19 World Cup 2018
India defeated Australia to lift the Under 19 World cup for the fourth time. The Men in Blue defeated the three-time champions Australia at Bay Oval, New Zealand. The Australian team had set the target of 214 runs and was chased down easily by India. Manjot Kalra was the Hero of the match with his brilliant century.
Railways Ministry may introduce dynamic pricing system
The Railways Ministry the current flex-fare system and is considering introducing a dynamic pricing system for train tickets, Railway Minister Piyush Goyal has said. Under dynamic pricing system, fares will be decided as per the season and demand. The Fares will be automatically adjusted via artificial intelligence, algorithms or technology, to help trains have more occupancy
IOC to invest Rs 3,400 crore in Assam to augment operations
Indian Oil Corporation will invest Rs 3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones. The company will sign a Memorandum of Understanding (MoU) with the Assam Government to this effect at the two-day ‘Advantage Assam – Global Investors Summit 2018’, beginning in Guwahati. They are signing an MoU with the state government that will empower us to invest Rs 3,400 crore in Assam over the next five years. This will be for various projects across the state,” Indian Oil Corporation, Executive Director (IndianOil-AOD), Dipankar Ray.
Maharashtra launches 4 schemes to financially aid agriculture, small businesses
Maharashtra launched four new schemes for funding businesses, agriculture and skill development. The schemes were launched are expected to benefit ‘Maratha’ community. Chief minister Devendra Fadnavis launched the schemes at the Sahyadri guest house, saying that the schemes will train youngsters in developing skills in agriculture and industries, besides funding enterprising endeavors. The state will back financially to help farmers and youngsters. The state will bear the interest of the loans taken from various banks. Those active in the field of agriculture, small-scale industries, self-help groups and farm product companies will also be eligible for the funding.
Fifth International Biennial Conference of Indian Heritage Network opened up to signify cultural heritage in Odisha
Fifth International Biennial Conference of Indian Heritage Network (IHCN) was opened up in Odisha signifying socio-cultural heritage surrounding art and craft of India which will go on for three days. International Biennial Conference of Indian Heritage Network was inaugurated by Chief Minister Naveen Patnaik. Addressing the inaugural session CM Patnaik said that “along with the development of modern amenities and facilities, our cities should also be vibrant with the socio-cultural life, centered on heritage, art and craft. The outcome of the dialogue series is to arrive at policy-level recommendations to address the issues relevant to Odisha and also to raise awareness and be a platform for advocacy.
India and World Bank signs loan agreement for development of Jal Marg Vikas Project
India and World Bank signed a US $ 375 million loan agreement for the construction and development of Jal Marg Vikas Project (JMVP). Notably, Inland Waterways Authority of India (IWAI) signed a project agreement with the World Bank today, even as the latter entered into a US $ 375 million loan agreement with the Department of Economic Affairs, Ministry of Finance for Jal Marg Vikas Project (JMVP). However, the signing of the Agreement follows the approval of the Cabinet Committee on Economic Affairs, for the implementation of the US $ 800 million JMVP for capacity augmentation of navigation on National Waterway-1(River Ganga) from Varanasi to Haldia. Out of the remaining amount, US $ 380 million is to be sourced from the Government of India counterpart funds from budgetary allocation and proceeds from the bond issue. Another US $ 45 million will come from private sector participation under the PPP mode.
Arunachal Pradesh nods to much awaited Advertisement Policy 2018
Arunachal Pradesh gave a nod to much awaited “Arunachal Pradesh Advertisement Policy 2018.” State Cabinet headed by Chief Minister Pema Khandu approved Arunachal Pradesh Advertisement Policy 2018 which will enable the government to make payment of government advertisement bills to media houses on a timely basis. In another decision, the Cabinet approved the release of gratuitous relief of Rs 2,000 for all contingency and casual workers serving under Arunachal Government. Apart from approving the creation of 25 posts of Assistant Professors for government colleges of the state under Rashtriya Uchchatar Shiksha Abhiyan (RUSA), the Cabinet also approved enhancement of salary of teachers working under SSA and RMSA on contractual basis up to 22% with effect from April 1, 2018. The Cabinet directed the education department to ensure that salaries are disbursed by the first week of the subsequent month through the Aadhaar-based DBT through PFMS method.
CRISIL, SIDBI Launch Indias First MSE Sentiment Index
The Union Minister for Finance and Corporate Affairs Mr. Arun Jaitley launched CriSidEx, India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive). CriSidEx will have 2 indices, one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey, providing independent time series data.
Indo-Bhutan relations: Royal Bhutanese Consulate Office comes up in Guwahati
Royal Bhutanese Consulate was inaugurated in Guwahati seeking to strengthen North East and Bhutanese bond. Chief Minister Sarbananda Sonowal and Minister of Foreign Affairs of Bhutan Lyonpo Damcho Dorji on Friday jointly inaugurated the Royal Bhutanese Consulate. CM Sonowal said that opening of the Consulate General’s Office will not only benefit Bhutanese and North Eastern tourists, pilgrims and students and businessmen but also strengthen friendship between people from Assam and neighboring states and Bhutan. Chief Minister Sarbananda Sonowal also commented that the historical and cultural linkages between Assam and Bhutan have made both the geographical entities their respective natural friends and partners. Thanking Bhutanese Prime Minister Tobgay and Foreign Minister Damcho Dorji for announcing direct flight service between India-Bhutan and Singapore. The move will propel inter-regional growth and connectivity in the backdrop of Act East Policy.
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