Pipeline across Maha Prosperity Corridor

Putin-Trump summit in Helsinki on July 16

Kiran Mazumdar Shaw elected to MIT board

Massachusetts Institute of Technology (MIT) has elected Kiran Mazumdar as a full-term member of the Board of Trustees . She is a biotech engineer. She is entitled as the world most influential people in bio pharma by Forbes Magazine. In 2016, she was elected a foreign member of the Royal Swedish Academy of Engineering Sciences.

TAC Security launches ESOF

TAC security which is an India & USA based cyber security solutions has announced a new platform for ESOF (Enterprise Security on One Framework).

They will provide an organisation to manage the IT security and risk assessment in a single platform. The latest reports states that the cyber security is growing at the pace of 19% during the 2018-2023.

ICICI Bank gets new part-time chairman

ICICI Bank has appointed Mr. Girish Chandra Chaturvedi as its non-executive part-time chairman, who is a former bureaucrat. He is a 1997 batch IAS officer , retired as Oil secretary in January 2013. The term of MK sharma ends on 30th june.

Mount Agung volcano erupts in Bali

The international Airport is closed due the volcanic eruption in Mount Agung which spews volcanic ash and vapor higher than two kilometers (6,500 feet) into the air.

More than 300 flights were cancelled by the airport authorities which impact the travel schedule of thousand people. The world’s most active active volcanic region is in Indonesia and it lies on the Pacific “Ring of Fire” .

MP to be awarded for reducing MMR

Ayurvedic medicine as a subject for students

Ministry of Ayush has introduced a subject of Sanskrit in the Ayurvedic medicine to the students. This will help the students to know better medicines fand ayurvedic practices for the sanskrit scriptures that are unexplored. The mains aims of Ministry AYUSH is to purposed in developing, education and research in Ayurveda, yoga and ​homoeopathy.

World’s 1st medicine made from marijuana

Epidolex is the first medicine for the cure of epilepsy made from marijuana. The drug is approved by the US FDA and it does not causes any intoxication. It is made by GW Pharmaceuticals. It is an oral solution of cannabidiol (OSC) will be used to cure severe forms of epilepsies in children. The New England Journal of Medicine had first provided the evidence that marijuana can cure epilepsy.

India-Nordic partnership to curb Pollution

Sweden has come across with help of their technologyto address the issue for the pollution in the north India and the warm season. Finland and India has also worked to convert rice paddy to fibre that can be used for making clothes. The other nordic countries include Denmark, Finland, Iceland, Norway, and Sweden. This partner ship is made by the India Nordic summit in Stockholm in April 2018.

World Bank to aid $480 million to Rohingyas

For the needs of Rohingya refugees , the World Bank has decided to help economically of about 480 $ million USD. This helps the refugees in health, education, water & sanitation and other spheres. More than 7 lakh Muslim Rohingya have taken shelter from violence in Myanmar in Bangladesh, making it the world’s fastest-growing refugee camp. There are nearly 40000 Rohingya refugees in India as of 2017.

India and Uzbekistan to boost ties

A meeting was organized by the External Affairs Minister Sushma Swaraj and Deputy Prime Minister of Uzbekistan Suhrob Rustamovich Kholmuradov in New Delhi. They met to discuss the methods to increase cooperation in diverse fields including Agriculture, Pharmaceuticals, Textiles, Construction, Information and Communication Technology, innovation and tourism.The current President of Uzbekistan is Shavkat Mirziyoyev.

National Centre at AIIMS

PM Modi has liad the foundation stone for the National centre for AIIMS in New Delhi. The multi specialty healthcare will have 200 general ward beds. PM has inaugurated 555 bed super Speciality Block in Safdarjung Hospital. He also inaugurated the Connection Motorable Tunnel between AIIMS, Ansari Nagar and Trauma Centre.

N Korea:’worst human trafficking country’

North Korea has been ranked as the worst country for human trafficking in the world according to the annual ‘2018 Trafficking in Persons Report’ , along with China, Russia and Iran. They also stated that North Korea govt continue to use the force labour in prison camps. South Korea has been ranked at the highest category for the 16th consecutive year, along with US, UK, France and Canada.

BHEL and Korean firm work on curbing emission

BHEL has made an pact with South Korean firm NANO Co Ltd for design and manufacture emission control devices. This agreement TCA (Technology Collaboration Agreement) with NANO Co is for design and manufacture of SCR Catalysts for De-NOx application in coal-fired plants. There are 32% increase in SO₂ levels and 34% rise in PM2.5 levels reported in India.

1st government blockchain centre in Hyderabad

The centre has decided to create of Excellence for blockchain technology in Hyderabad for inovation drive. This proposal has come from C-DAC’s Hyderabad unit. This aims to make a blockchain technology to digitise and secure land records for Telangana. ICICI Bank was the first to execute transactions using Blockchain technology.

Doodle celebrates Mahalanobis’ 125th birthday

A doodle has been made by Google to celebrates statistician and scientist Prasanta Chandra Mahalanobis’ 125th birth anniversary. He was born in 29 june 1893 in West Bengal. He is known for his work in statistics. He remembered by the “Mahalanobis distance”, a way of measurement used in population studies and was one of the members of the 1st Planning Commission of India.

Indian money in Swiss banks rises 50%

Climate change may cost India 2.8% of GDP

World Bank has given a report for the changing monsoon patterns & rising temperatures driven by climate change could cost India 2.8% of GDP. The climate change has compromised the living standards of nearly half of India’s population by 2050, which now lives in vulnerable areas. The worst areas in this report is in central India which is defined as the hotspot of the country.

B Sriram resigns as SBI MD

Managaning Director of SBI R. SRiram has resigned from his post after he is appointed as the chief executive of IDBI Bank. The news has assumed a significance of amid reports that Life Insurance Corporation of India (LIC) is weighing acquiring a majority stake in the debt-ridden IDBI Bank. Sriram is the longest-serving public sector bank MD and has wide experience, including in stressed assets management.

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