1.Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has constituted a 16-member committee to examine motor third party insurance pricing aspects and make recommendations on the premium rates for 2019-20.IRDAI Member P.J. Joseph has been appointed as the Chairman of the committee. This is for the first time IRDAI has formed such a committee.
2.The 6th India-UK Science & Innovation Council (SIC) meeting held in New Delhi discussed a range of issues on S&T cooperation between the two countries.Dr. Harsh Vardhan, Minister of Science & Technology, Earth Sciences & Environment, Forests and Climate Change, India and Mr. Sam Gyimah, Minister for Universities, Science, Research and Innovation, UK led the Indian and UK delegations respectively.
3.Odisha Chief Minister Naveen Patnaik inaugurated the Rs 300 crore Rukura Medium Irrigation Dam project in Sundargarh district.This project will irrigate 5,800 hectares of the agricultural field. Mr Patnaik stated that his promises to provide irrigation to an additional 10 lakh hectare of land ahead of 2014 elections, will be fulfilled by 2019.
4.Indian women's compound archery team created history by becoming the world rank one side in the category. The team is six points ahead of the Chinese Taipei team.
5.Four persons of India-origin, including three women, have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40. Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, both 34, are tied for first place on the Fortune '40 Under 40' list.The 4 people (with Rank) from India-Origin in the list are- Dhivya Suryadevara (4th), CFO of General Motors. Anjali Sud (14th), CEO of Vimeo. Baiju Bhatt (24th), Cofounder and Co-CEO of Robinhood. Anu Duggal (32nd), founding partner of Female Founders Fund.
6.According to the US-based Institute for Energy Economics and Financial Analysis (IEEFA) report, Karnataka is the new national leader in renewable energy generation. It has surpassed Tamil Nadu that had for quite some time been India's best renewable market.Karnataka has a sum of 12.3 gigawatts (GW) of renewable capacity installed till March 2018. IEEFA's report was titled as "Karnataka's Electricity Sector Transformation".
7.The heads of state and government of all five BRICS nations including Brazil, Russia, India, China and South Africa convened for the 10th BRICS Summit in Johannesburg, South Africa. The theme of BRICS Summit 2018 was ‘BRICS in Africa: Collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution'.
The summit saw the BRICS leaders come together and discuss various international and regional issues of common concern and adopted the 'Johannesburg Declaration' by consensus.The declaration comes as the United States and China remain deadlocked in a trade war over tariffs.
8.Government of India has approved a new scheme namely Mahila Shakti Kendra for implementation during 2017-18 upto 2019-20 to empower rural women through community participation. The Scheme is implemented with cost sharing ratio of 60:40 between centre and states except for North East and Special Category States where the ratio is 90:10.
9.The Justice B.N. Srikrishna Committee on data protection in India has suggested amendments to various laws including the Aadhaar Act to provide for imposition of penalties on data fiduciaries and compensations to data principals for violations of the data protection law.
10.All the 13 lakh employees of the Indian Railways will take turns to swear an oath publicly to “bring about integrity” and “eradicate corruption”.Termed “Mission Satyanishtha”, the program will involve railwaymen attending formal training course on probity and integrity in public life.
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