1.The Ministry of Corporate Affairs is planning to introduce a globally accepted and well-recognised cross-border insolvency framework.It will be fine-tuned to suit the needs of aspirational Indian economy.The Government has taken initiative for Cross-Border Insolvency within the Insolvency & Bankruptcy Code, 2016 (the Code) to provide a comprehensive legal framework.
2.NASSCOM unveiled a programme named Women Wizards Rule Tech.It aims to increase the number of women in senior levels in the Information Technology (IT) industry.The Women Wizards Rule Tech was announced in March at the Nasscom Diversity and Inclusion Summit in Chennai as a joint initiative by the Nasscom Sector Skills Council and the Data Security Council of India.
3.The Reserve Bank of India (RBI) revised the upwards housing loan limits under Priority Sector Lending (PSL). Housing loans of up to Rs 35 lakh for residences costing less than Rs 45 lakh will now be treated as Priority Sector Lending (PSL) to give a boost to the low-cost segment. The housing loan limits for eligibility under priority sector lending will be revised to Rs 35 lakh in metropolitan centres and to Rs 25 lakh in other centres.The existing family income limit of Rs 2 lakh per annum for availing of the loans for housing projects for Economically Weaker Sections (EWS) and Low Income Groups (LIG) now stands revised to Rs 3 lakh per annum and Rs 6 lakh per annum, respectively.
4.Veteran director Martin Scorsese will be conferred with the Lifetime Achievement Award at the Rome Film Festival 2018.Martin Scorsese is an American director, producer, screenwriter, actor and film historian. He is widely regarded as one of the most significant and influential filmmakers in cinematic history.
5.Surat city has been awarded best city award under the Smart City Mission’s award for implementation of projects in urban environment, transport and mobility and sustainable integrated development.Bhopal and Ahmedabad have been selected as joint winners under innovative idea award category.The Ministry of Ministry of Housing and Urban Affairs issued the award.
6.The central government’s ambitious public health insurance scheme ‘Ayushman Bharat’ would create more than 1 lakh jobs.The programme’s CEO Indu Bhushan said that jobs would be created in health sector, insurance and in construction industries.The Ayushman Bharat-National Health Protection Mission (ABNHPM), aims to provide Rs 5 lakh health cover to 100 million of India’s poorest families.
7.Microsoft has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates.Microsoft is making Flipgrid free of charge. Schools that already have subscriptions will receive prorated refunds.Microsoft Corporation is an America Based technology company.CEO- Satya Nadella, Headquarters- Washington DC.
8.Guinness world record was created by conducting the largest yoga session on International Yoga Day at Kota, Rajasthan where 1 lakh people together performed yogic exercises.Yoga guru Ramdev conducted the yoga session attended by Chief Minister Vasundhara Raje, ministers, officers and local people at RAC ground.The previous record was that of 55,524 people performing yoga in Mysore in 2017.
9.Venkatadri Express which started from Kacheguda towards Chittoor became the first train across South Central Railway (SCR) to have a ‘Train Captain’.At least 1 train in each of the 6 divisions of the zone will have the concept of a ‘Train Captain’ who will be in charge of train.The captaincy is being handed over to the senior-most among the travelling ticket examiner (TTE) in the train.
10.7th India Minerals and Metals forum was inaugurated in New Delhi. The forum seeks to come up with solutions to leverage in the mining sector with the changing global scenario.The focus was on utilizing low grade minerals to reduce burden on high end minerals.The concerns on metal recycling was also looked upon and exploration of deep seated minerals was also expressed.
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