1.Asian Development Bank (ADB) and the Government of India signed a $169 million loan agreement on 16 November 2018.The loan amount will be used to develop climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in the State of Tamil Nadu.Around 4 million people will benefit from piped water and sewerage connections and improved drainage.
2The Asian Development Bank (ADB) and the Government of India signed a $300 million Loan Agreement to support lending by India Infrastructure Finance Company Limited (IIFCL) on 16 November 2018.It will enhance the availability of long-term finance for PPP projects and improve the operational capacity of IIFCL.The funding is expected to fund at least 13 sub-projects through IIFCL.
3.The Asian Development Bank (ADB) and the Government of India signed a $105 million loan agreement on 16 November 2018.The loan amount will be used for financing the power transmission system upgrades in Himachal Pradesh.The loan is part of the $350 million multi-tranche financing facility (MFF) for Himachal Pradesh Clean Energy Transmission Investment Program.
4.Kerala Chief Minister Pinarayi Vijayan launched the ‘Gau Samridhi Plus Scheme’ on 16 November 2018.The government subsidised scheme will give insurance coverage to dairy farmers at low premium rates.The farmers belonging to the general category will be getting 50% subsidy on premiums while those belonging to scheduled caste & scheduled tribe category would get a 70% subsidy on the premium.
5.India’s first specialised hospital for elephants was formally opened in Mathura on 16 November 2018.The hospital is located close to the elephant conservation and care centre and is designed to treat injured and sick elephants.The unique medical centre offers wireless digital X-ray, laser treatment, dental X-ray, thermal imaging, ultrasonography, hydrotherapy and quarantine facilities.
6.IndusInd Bank has announced the launch of ‘IndusInd Bank Nexxt Credit Card’.The card empowers customers with a choice of payment options such as EMI, Reward Points or Credit at the push of a button, on the card, at the point of sale (POS).The bank claims it to be the nation’s first interactive credit card with buttons.
7.Odisha government announced a new ‘Biotechnology Policy 2018’ to attract investments in the sector at the Make in Odisha Conclave on 15 November 2018.As per the policy, all biotechnology units shall be allotted land at a concessional rate as per the Industrial Policy Resolution of the state government.An additional subsidy of 25% shall be available to reputed anchor tenants.
8.Shantanu Narayen, the Chief Executive Officer of Adobe has been named by Fortune in its ‘2018 Business Person of the Year’ list.In the list, Shantanu Narayen is at 12th position.The list has been topped by the CEO of insurance company ‘Progressive Tricia Griffith’.
9.The Women and Child Development Ministry (WCD) has nominated three people to be members of the National Commission for Women (NCW).The three members are Chandramukhi Devi, Soso Shaiza and Kamlesh Gautam.They shall hold office for a period of three years or till the age of 65 years or until further orders.
10.The 9th Session of the India-Kyrgyz Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IK-IGC) was held on 15 and 16 November 2018 in New Delhi.Both sides agreed to hold business to business forums between Kyrgyz and Indian companies.The parties agreed to hold the tenth meeting of IK-IGC in Bishkek, the Kyrgyz Republic in 2019.
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