August, 2016

Jharkhand becomes first state to implement PFMS

Jharkhand is the first state in the country to have implemented Public Fund Management System (PFMS). Development Commissioner Amit Khare said Union Finance Secretary Ashok Lavasa appreciated the implementation of Jharkhand’s public fund management system.

Anuradha Rao is MD, CEO of SBI Mutual Fund

SBI Mutual Fund has appointed Anuradha Rao as its Managing Director and Chief Executive. Prior to this, Rao was Deputy Managing Director at SBI handling New Business Portfolio.

100-year-old athlete from India, wins Gold Medal at Masters Games

India’s 100-year-old athlete, Man Kaur has won Gold medal at the American Masters Games in the 100-meter dash. She took a minute-and-a-half to cross the finish line in Vancouver. Kaur from Chandigarh was the only female competitor in her age category at the competition for older athletes.

Goa govt signs MoU with Google India

The Goa government has signed a memorandum of understanding with Google India to promote digital literacy and drive the digital transformation in the state. Chief Minister Laxmikant Parsekar and Vice President, Google South East Asia and India Rajan Anandan signed the MoU.

Gujarat becomes first state to distribute 2 Cr. LED bulbs

Under the Government’s initiative of affordable LEDs for all (UJALA) scheme, Gujarat has become the 1st state to distribute 2 crore LED bulbs. Gujarat has reached this milestone in just 96 days and over 42 lakh households have already benefitted from the scheme.

Union Minister JP Nadda unveiled Mera Aspatal – My Hospital initiative

Union Health and Family Welfare Minister JP Nadda launched the ‘Mera Aspataal’ (my hospital) initiative. This move seeks to empower the patients by seeking their views on the quality of experience in a public healthcare facility.

Mobikwik joins hand with 12 state electricity boards

India’s largest digital payment company in India, MobiKwik has announced coalition with 12 state electricity boards. The MobiKwik took this initiative ahead of its expansion plan to set up a national base for utility payments.

PTC fin arm ties up with banks for clean energy project loans

Ptc India Financial Services (PFS) has tied up with banks that will provide loans to companies engaged in renewable energy (RE) production. Upon this collaboration these banks set to letter of credit (LC) based on the issue letter of comfort (LOC) issued by PFS, to project companies in the renewable space with diligence on certain parameters.

Govt panel clears 16 highway projects across 11 states

The Government has approved 16 highway projects in 11 states to be executed at a cost of 7,457 crore rupees. The projects are in Maharashtra, Odisha, West Bengal, Andhra Pradesh, Gujarat, Chhattisgarh, Haryana, Uttarakhand, Arunachal Pradesh, Assam and Sikkim.

First military heritage website launched

India’s first military heritage website, coloursofglory.org was launched by Glory Foundation at Chennai. A veteran of the 1971 Indo-Pak war, city based Captain D.P. Ramachandran who is also the executive trustee of the foundation declared the war heroes of South India held great significance to the history of India.

Bhutan set to host Asian Tennis Tour event next month

Land of the thunder dragon’s Nation Bhutan is set to become the fourth Asian country to host a tournament on the Asian Tennis Tour. India, Thailand and Iran have already hosted a series of tournaments, both men and women, on ATT and Bhutan is scheduled to host its maiden event from September 16 to 18.

Ten Sports sold to Sony Pictures for ` 2,600 crore

Sony Pictures Networks India (SPN) and ZEE have entered into definitive agreements to acquire TEN Sports Network and its subsidiaries for $385 million. The acquisition will add five sports channels, TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD to SPN’s existing portfolio of channels.

India jumps 19 places in Logistics Performance Index: World Bank

India jumped 19 places in the Logistics Performance Index to rank 35th in this year’s list. The World Bank has recently released a Logistics Performance Index (LPI) 2016 report titled ‘Connecting to Complete 2016’. The logistics’ list was topped by Germany.

NPCI launches Bharat Bill Payment System pilot project

National Payments Corporation of India (NPCI) has launched a pilot project for Bharat Bill Payment System (BBPS) with 26 Bharat Bill Payment Operating Units (BBPOUs). In the first phase, BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH).

Goa Assembly ratifies GST Bill

The Goa Legislative Assembly today unanimously passed a resolution ratifying the amendments to the Constitution to pave way for the presidential assent to the Goods and Services (GST) Bill, 2016. Goa is the 15th State Assembly to ratify the Bill. With this, 50% of States have passed the Bill paving way for the presidential assent.

Former MP Governor Mohammad Shafi Qureshi no more

Veteran Congress leader and former Governor of Madhya Pradesh Mohammad Shafi Qureshi has passed away in Delhi. He was 87 years old. He also served as the Deputy Union Minister of Railways and got elected for Lok Sabha twice from Islamabad Parliamentary Constituency.

Noted painter, art historian Dinanath Pathy passes away

Eminent painter, writer and art historian Dinanath Pathy passed away following a cardiac arrest at a hospital in Bhubaneshar. He was 74. He is known for his versatility; Pathy was a former secretary of Lalit Kala Akademi, New Delhi and Bhubaneswar and is regarded as the pioneer of the art movement in Odisha.

Flipkart’s PhonePe ties up with Yes Bank to launch UPI-based app

Mobile payments start-up PhonePe Internet Pvt. Ltd, which is owned by Flipkart, in partnership with private lender Yes Bank launched unified payments interface (UPI) based payments app. PhonePe allows users to link their bank accounts securely to their smartphone using National Payments Corporation of India’s encrypted libraries.

Ananth Kumar ‘Pharma Sahi Daam’ mobile App

The Union minister of Chemicals & Fertilizers and Parliamentary Affairs Ananth Kumar launched a mobile App. developed by NPPA, which shows the MRP fixed by NPPA for various scheduled drugs on the real time basis. In the Sidelines the Minister also urged a ‘3A (Availability, Affordability and Accessibility) approach to achieve health security for every citizen of India.

PM Narendra Modi inaugurates 1st phase of SAUNI Yojana in Jamnagar

PM Narendra Modi has inaugurated the first of the 4 phases of the ambitious irrigation (worth ` 12000 Cr.) scheme, Saurashtra Narmada Avtaran Irrigation Yojana (SAUNI), at the Aji-3 dam near Rajkot. Phase-1 of the project has been developed at a cost of ` 1,562 crore with 58 km of pipeline.

Dogri writer Padma Sachdev gets Saraswati Samman

Padma Sachdev was awarded the prestigious Saraswati Samman for the year 2015 for her autobiography ‘Chitt-Chete’ in Dogri language. She was felicitated by Delhi’s Lt Governor Najeeb Jung in New Delhi on 29 August 2016. The 76-year-old poet and novelist’s autobiography, published in 2007, was shortlisted from 22 works written in as many languages published between 2005 and 2014.

NABARD sanctions loan for 10 MW solar plant in Haryana

National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of ` 204.67 crore under Rural Infrastructure Development Fund (RIDF) for rural infrastructure in Haryana. This aid was provided under Rural Infrastructure Development Fund for projects including a 10 MW solar plant at Panipat thermal power station.

India to grow at 7.6% in FY’17: RBI

The RBI, in its Annual Report, has projected India’s growth rate at 7.6% in 2016-17, up from 7.2% last year. The Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee.

Telangana, Haryana Assembly ratifies GST Bill

The Telangana and Haryana Assembly have unanimously ratified the Constitution Amendment Bill on Goods and Services Tax (GST). GST is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, excise duety etc.

India and Myanmar sign four agreements.

India and Myanmar have signed four MoU to enhance cooperation and bilateral relations between the two countries.
Agreements:
• The first agreement pertains to the construction of 69 bridges on the Tamu-Kalewa section of the trilateral highway connecting India, Myanmar and Thailand.
• The second agreement is on upgrading the Kalewa-Yargi section of the trilateral highway.
• The third agreement is for cooperation in the field of renewable energy,
• The fourth agreement cooperation in the field of Traditional Systems of Medicine

India and US Sign Logistic Exchange Pact Boosting Defence Ties

India and the US have signed an important agreement that will make the two nations logistical allies and enable both the militaries to use each other’s assets and bases for repair and replenishment of supplies.

Yogeshwar Dutt’s bronze medal turns to silver

Wrestler Yogeshwar Dutt’s London 2012 bronze might be upgraded to silver. The upgrade has been triggered by a positive dope test of late Russian wrestler Besik Kudukhov, the original silver winner in the 60-kg freestyle event. Following the upgrade, India now has eight Olympic silver medals.

PV Sindhu to be Commandant in CRPF

Central Reserve Police Force India (CRPF) has decided to appoint Olympic silver medallist PV Sindhu as it’s brand ambassador and bestow the honorary rank of Commandant on the ace badminton player. A Commandant rank in the CRPF is equivalent to the position of a Superintendent of Police (SP) and such an officer commands a battalion of about 1,000 personnel, when posted in field operations.

Wipro’s chief learning officer Abhijit Bhaduri quits

Abhijit Bhaduri, chief learning officer of Wipro has resigned. Bhaduri will start his own executive coaching company. Bhaduri is the man behind many of Wipro’s initiatives like global 100 program. He has been with Wipro for 7 years.

Amazon launches dedicated online Telugu book store

E-commerce portal Amazon.in has announced the launch of a dedicated online Telugu book store with a wide-range of over 10,000 Telugu titles. Readers can get Telugu translations of English bestsellers in the store. Currently, Amazon caters to Hindi, Tamil, Kannada, Marathi, Malayalam, Gujarati and Bengali languages.

Carborundum Universal inaugurates R&D centre at Hosur

Murugappa Group firm Carborundum Universal (CUMI) inaugurated its Research and Development centre at its industrial ceramics division in Hosur, Tamil Nadu (TN). The centre was inaugurated by M M Murugappan, Chairman of CUMI and Vice Chairman of Murugappa Group, along with others.

Western Railway wins all India railway athletic championship

Western Railway won the overall team championship in the 82nd All India Railway athletic Championship held at Tiruchirapalli Tamil Nadu. Central railway stood 2nd and Southern Railway 3rd in the overall team category. Best athlete award in men’s category was given to Jasdeep Singh of Northern Railway and best women athlete award to Dutee Chand of Northern Railway.

Amit Chandra inducted as non-executive director of Tata Sons

Tata Sons, the holding company of the Tata Group of companies, has appointed private equity firm Bain Capital’s Managing Director Amit Chandra as non-executive director. The appointments, effective 26th Aug., increases the total number of the company’s board members to nine.

AM Naik names SN Subrahmanyan as next Larsen & Toubro chief

Indian multi-national conglomerate Larsen & Toubro’s group named S N Subrahmanyan as the Managing director (MD) and chief executive officer (CEO) of India’s largest infrastructure engineering company from October first. The appointment of Subrahmanyan had then come with the then chief executive and managing director KV Venkataramanan retiring.

Nico Rosberg wins 2016 Belgian Grand Prix

Mercedes driver Nico Rosberg from Germany has won the 2016 Belgian Grand Prix of Formula One. It was Rosberg’s overall tenth championship title of F1 in his career and the sixth win in the 2016 season. Earlier, he had won Australian Grand Prix, Bahrain Grand Prix, Chinese Grand Prix and Russian Grand Prix.

HRD Minister Prakash Javadekar inaugurates IIT in Dharwad

Union HRD Minister Prakash Javadekar formally inaugurated the institute in Dharwad. The inauguration, which was planned last month end, had to be postponed due to the Kalasa Banduri agitation. The first batch of IIT-Dharwad began on August 1 with 120 students.

Mehbooba Mufti launches UJALA scheme in Jammu and Kashmir

CM, Mehbooba Mufti has formally launched the Ujala Scheme in Jammu and Kashmir with the distribution of LED bulbs. The National LED programme was launched by the Prime Minister in January 2015 with a target of replacing 77 crore incandescent lamps with LED bulbs.

West Bengal passes resolution to rename the state

The West Bengal Assembly today passed the resolution to rename the state to ‘Bangla’ in Bengali, ‘Bengal’ in English and ‘Bangal’ in Hindi. Earlier last month, the Mamata Banerjee government had approved the change of name to either Bongo or Bangla.

GST bill unanimously passed in Maharashtra Assembly

The Maharashtra Assembly’s has unanimously passed the Goods and Services Tax (GST) Constitutional Amendment Bill. GST is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, excise duty etc.

Doha Bank opens branch in Kerala

Qatar’s based Doha Bank has opened a branch, the Kerala’s Chief Minister Pinarayi Vijayan inaugurated the branch. Doha Bank is one of the largest commercial banks in the State of Qatar

Four athletes get Rajiv Gandhi Khel Ratna award

Four athletes, including Olympic silver medallist P.V. Sindhu, gymnast Dipa Karmakar, shooter Jitu Rai and Olympic bronze medalist Sakshi Malik received the Rajiv Khel Ratna award from President Pranab Mukherjee in New Delhi. Apart from a medal and a citation, a Rajiv Gandhi Khel Ratna awardee will receive a cash prize of Rs.7.5 lakh. The Arjuna, Dronacharya and Dhyan Chand awardees will receive statuettes, certificates and cash prize of ` 5 lakh each

Aug 29 is Sports Day to mark Dhyan Chand’s b’day

National Sports Day in India is celebrated on August 29 to mark hockey legend Dhyan Chand’s birthday. Dhyan Chand, considered as the greatest player in hockey, played a key role in India’s three consecutive Olympic triumphs in 1928, 1932 and 1936. Notably, the government gives away awards such as Rajiv Gandhi Khel Ratna, Arjuna and Dronacharya Awards on this day.

India’s first textile university to come up at Surat

Gujarat government is planning to set up India’s first textile university at Surat. The main aim of the university is to provide all kind of support including technology, research and development (R&D), skilled manpower etc. The university will build on over 250 acre land in Surat and it is expected to get operational in the next one and a half years.

Punit Misra named CEO of Zee Entertainment domestic broadcast biz

Zee Entertainment Enterprises has appointed Punit Misra as Chief Executive Officer (CEO) for its domestic broadcast business. Earlier Misra was Executive Director-Sales and Customer Development at Hindustan Unilever and joined HUL as a management trainee in 1996.

Himachal Health Minister launches ambulance mobile app

Himachal Pradesh Health Minister Kaul Singh Thakur has launched a mobile application called ‘108 HP’ to facilitate efficient access to ambulances for medical emergencies. On this occasion, he also flagged off five new ambulances under 108 – National Ambulance Service from the historic Ridge Maidan. Quoting sources, our correspondent reports that now the number of ambulances under the service has increased to 199.

Sharmila Tagore appointed as a new member of the BCCC

Film actress Sharmila Tagore, theatre activist Arundhati Nag and film studies academician Ira Bhaskar have been appointed new members of Broadcasting Content Complaints Council (BCCC). The Board of Directors of Indian Broadcasting Federation (IBF) headed by Star India chairman Uday Shankar has approved these appointments for a term of three years in the eminent persons.

PM Modi announces Task Force to prepare India for next three Olympics

After India’s dismal show in the concluded Rio Olympics 2016 Prime Minister Narendra Modi said about constituting a task force, which will make various suggestions to the roadmap for the next three quadrennial Games 2020 (Tokyo), 2024 and 2028. The PM announced that the task will be announced over the next few days at a meeting of the Council of Ministers held in New Delhi.

India captain MS Dhoni sets world record in USA

India captain Mahendra Singh Dhoni has set a world record, he captained India in a record 325th game (most by a player in history), across all three formats, to break Australian skipper Ricky Ponting’s mark. Dhoni was leading India in 71st T20. He has already captained the side in 60 Tests and 194 ODIs.

Sania wins Connecticut Open doubles title

Indian tennis ace Sania Mirza and her Romanian partner Monica Niculescu defeated Kateryna Bondarenko of Ukraine and Chuang Chia Jung of Taiwan in the final. The Indo-Romanian pair won 7-5, 6-4. This is a major confidence booster for Sania ahead of the US Open Grand Slam tournament.

Mountain Echoes Literary Festival, 2016

The 7th edition of the Mountain Echoes Literary Festival 2016 kicked off in the capital city of the Himalayan kingdom of Bhutan Thimbu on 26 August 2016. The festival was inaugurated by Queen Mother Ashi Dorji Wangmo Wangchuck, (Royal Patron) which aims to provide a platform for the greatest literary minds to engage in a cultural dialogue.

ISRO tests Scramjet Rocket engine

The Indian Space Research Organisation (ISRO) today successfully test-fired its Scramjet Rocket Engine. Which will use oxygen from the atmosphere thereby reducing launch cost, from the spaceport of Sriharikota.

22nd edition of Delhi Book Fair begins today

The 22nd edition of the Delhi Book Fair will begin today at Pragati Maidan in New Delhi. The nine-day event will conclude on 4th of September.

BCCI submits Compliance Report to Lodha Panel

The BCCI submitted the first Compliance Report to the Supreme Court-appointed Justice RM Lodha Panel in regards to the implementation of reforms as per the apex court verdict. The BCCI has already filed a Review Petition with the Supreme Court seeking recusal of CJI TS Thakur from the case.

P Kumaran appointed as the next Ambassador of India to the State of Qatar

Shri P Kumaran Indian Foreign Service, presently Joint secretary in the Ministry, has been appointed as the next Ambassador of India to the State of Qatar. He is expected to take up his assignment shortly.

World Bank sanctions ` 980 cr for Brahmaputra dredging: Min

the World Bank has announced a funding of Rs 980 crore to dredge the Brahmaputra as an initiative to develop waterways to Bangladesh and to other South East Asian countries which is give fillip to trade and industry in the Area. The World Bank is an international financial institution that provides loans to developing countries for capital programs.

Karnataka Bank launches UPI app KBL-SMATRz

Mangaluru based Karnataka Bank has come up with a mobile application named KBL-SMARTz built on the unified payments interface (UPI) platform of the National Payments Corporation of India (NPCI). The App was launched by the Managing Director and Chief Executive Officer P Jayarama Bhat, Karnataka Bank.

Finance Ministry set up a committee for digitalizing incentive payments

The Finance Minister Arun Jaitley has set up a committee to consider incentives such as cash back schemes and tax rebates for promoting card and digital payments in a step towards discouraging cash transactions. The 11-member committee, headed by former Finance Secretary Ratan P Watal

US Postal Service honours Diwali Festival with a Forever Stamp

The US Postal Service will commemorate the festival of Diwali with a Forever stamp on Oct 5 and on behalf of this a dedication ceremony to be hosted at Consulate General of India in New York. The commemorative stamp designed with featuring a traditional diya oil lamp beautifully lit, sitting on a sparkling gold background.

Bengaluru to host the Pravasi Bharatiya Divas 2017

IT capital of the country, Bengaluru, will host the 2017 Bharatiya Pravasi Divas. It is scheduled to take place on February 7, 8 and 9 of 2017.

RBI asks banks to provide loans to women SHGs in rural areas at 7%

RBI has asked banks to provide loans to women self-help groups in rural areas at 7% per annum. A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–20 local women or men.

Pakistan to host 19th SAARC Summit on Nov. 9 & 10 this year

Pakistan will host the 19th SAARC Summit on November 9 and 10 this year. The SAARC Summit Cell is headed by Ambassador Amjad Sial. SAARC is an organization of eight countries located in the South Asia and it stands for the South Asian Association for Regional Corporation.

Union Minister Maneka Gandhi launches POCSO e-box

Women and Child Development Minister (WCD) Maneka Sanjay Gandhi has launched Protection of Children from Sexual Offenses, POCSO e-box, in New Delhi. POCSO e-box is a platform where a child victim of sexual abuse can report such cases online. It is initiative of National Commission for Protection of Child Rights, for direct online reporting of child sexual abuse.

Indian Super League season 3 to begin from October 1

Season-3 of the Indian Super League (ISL) football would be held from October 1 to December 18, with the opening game scheduled in Guwahati. The Indian Super League is a men’s professional football league in India.

Nagaland becomes eighth State to pass GST bill

The Nagaland State Assembly has passed the Goods and Service Tax (GST) Constitution Amendment Bill, 8th State to ratify the tax reform. GST is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, excise duty etc.

New ED at Corporation Bank

The Central government has appointed Gopal Murli Bhagat as Executive Director of Corporation Bank for a period of three years. Prior to his elevation, Bhagat was General Manager with Bank of India. Corporation Bank is a public sector banking company headquartered in Mangalore, India.

World Risk Report 2016

The World Risk Report 2016, published by the UNU Institute for Environment and Human Security (UNU-EHS) and Bundnis Entwicklung Hilft, analyses the role that infrastructure plays in shaping a country’s disaster risk. India has been ranked 77th, Pakistan at 72nd, Bangladesh at 5th and topped by Island state of Vanuatu.

CTTC-Bhubaneswar signs agreement with ISRO

Central Tool Room and Training Centre (CTTC), Bhubaneswar, has signed an agreement with ISRO for technology transfer and a contract for supply of spacecraft component. Under the agreement, Indian Space Research Organisation would transfer three types of temperature sensor technology to CTTC to further strengthen its manufacturing capability, Managing Director of CTTC-Bhubaneswar. As per the contract, the CTTC would supply spacecraft component for next five years for a total value of ` 23 crore.

Dhyan Chand Lifetime Achievement Award will be conferred with the Jharkhand Dungdung

Former Olympian Silvanus Dungdung Major Dhyan Chand Lifetime Achievement Award will be rewarded. Dhyan Chand was an Indian field hockey player, who is considered as one the greatest field hockey player of all time.

Colombia, FARC Rebels Reach Deal to End Half-Century War

Colombia’s government and the country’s biggest rebel group reached a historic deal 24th Aug. evening for ending a half-century of hostilities in one of the world’s longest-running and bloodiest armed conflicts. President Juan Manuel Santos hailed the agreement with the Revolutionary Armed Forces of Colombia as an opportunity to turn the page on decades of political violence that has claimed more than 220,000 lives and driven more than 5 million people from their homes.

BCCI signs MoU with TERI to promote renewable energy

Bengal Chamber of Commerce and Industry (BCCI) has signed an memorandum of understanding (MoU) with The Energy and Resources Institute (Teri) for promoting renewable energy. State Power Minister Shobandeb Chatterjee, who was present on the occasion, promised all support to the clean energy initiative by the BCCI. BCCI energy committee chairman Deb A Mukherjee said the agreement will forge an alliance between the chamber and TERI to work together in the domain of renewables and allied fields.

Satheesh Reddy conferred first IEI-IEEE award

G. Satheesh Reddy, Scientific Adviser to the Defence Minister and DRDO’s DG (Missiles & Strategic Systems), was conferred the first IEI-IEEE Award for engineering excellence 2015. The award is in recognition of his ‘significant national contributions towards missiles and aerospace technologies’. The award was presented by the Institution of Engineers (India) and the Institute of Electrical and Electronics Engineers, Asia Pacific region.

Saina drops to 9th spot, Sindhu remains at 10th

India’s Saina Nehwal has been dropped 4 points to be 9th, while compatriot PV Sindhu remained in the 10th spot in the Badminton World Federation (BWF) rankings despite getting a silver in the women’s singles competition at the recently concluded Olympics in Rio 2016. The women’s doubles pair of Jwala Gutta and Ashwini Ponnappa dropped four places to the 26th spot following their failure to reach the knock-out stage in the Rio Games. However, men’s singles shuttler Kidambi Srikanth, who reached the Olympics quarter-finals, jumped a place to be 10th, while Ajay Jayaram improved his 22nd rank by a position

Sugamya Pustakalaya- an online library for persons with visual disabilities launched

“Sugamya Pustakalaya: A step towards an Accessible Digital India” (An online library for persons with visual disabilities) was launched by Shri Ravi Shankar Prasad, Minister for Law & Justice and Electronics & Information Technology at a function organized by Department of Empowerment of Persons with Disabilities, Ministry of Social Justice & Empowerment.

Ronaldo wins UEFA Best Player in Europe award

Portugal superstar Cristiano Ronaldo has won the UEFA Best Player in Europe award for the second time. Ronaldo, 31, claimed the prize ahead of his club team-mate Gareth Bale and Atletico Madrid star Antoine Griezmann.

Pankaj Harjai appointed head of Lenovo’s SMB business

PC maker Lenovo has appointed Pankaj Harjai to head its newly constituted Small and Medium Business (SMB) vertical. Pankaj has also taken charge of Lenovo’s commercial channel business. In his new role, Pankaj will lead sales, product and go-to-market strategy for the SMB vertical.

Abhinav Bindra to Head NRAI Review Committee on Rio Debacle

Olympic gold-medallist Abhinav Bindra was named Chairman of a 5 member review committee to probe the shooters’ Rio Games debacle but has recused himself from questioning them as he was himself a part of the team. The committee is also mandated to recommend concrete steps that NRAI must immediately undertake to ensure that this is not repeated in future Olympics.

Five Indian companies ranked among world’s 100 most innovative

Five Indian companies ranked among world’s 100 most innovative, including Asian Paints, Hindustan Unilever, Tata Consultancy Services, Sun Pharma and Larsen & Toubro have been ranked among Forbes’s list of ‘The World’s Most Innovative Companies’. The list is topped by Tesla Motors for the second consecutive year. Indian Companies: 1. Asian Paints 18th position 2. Hindustan Unilever – 31st 3.Tata Consultancy Services – 66th 4.Sun Pharmaceutical Industries – 73rd 5. Larsen & Toubro stood at 89th spot.

SRK, Akshay, Salman & Big B amid top 20 highest-paid global actors

The list published by Forbes magazine considers earnings from June 2015, and featured Shah Rukh Khan and Akshay Kumar as the top two highest paid actors on 8th and 10th rank. The list also includes Salman Khan on 14th rank, which is followed by legend Amitabh Bachchan on 18th position. The list was topped by former WWE wrestler and present actor, Dwayne Johnson, who filled his pocket with as much as 64.5 million dollars through movies such as Central Intelligence and Fast & Furious.

Indian economy to grow 7.9% this fiscal: Goldman Sachs

US multinational banking firm Goldman Sachs says Indian economy is likely to grow 7.9% in this year 2016-17. The Goldman Sachs Group, Inc. is an American multinational banking firm that engages in global investment banking, investment management, securities, and other financial services, primarily with institutional clients.

Maharashtra to tie up with corporates to transform 1,000 villages

Maharashtra CM Devendra Fadnavis has announced the State government plans to transform 1,000 villages with the help of corporate sector, and the civil society over the next few years. He said the corporate sector is already working with the government in various sectors.

1st BRICS film festival from Sept. 2 – 6 in New Delhi

India will be hosting the first BRICS film festival which will begin from Sept. 2 to 6 New Delhi. The film festival will showcase an amalgamation of culture, films, song, dance and food of the 5-member countries including Brazil, Russia, India, China and South Africa

Rail passengers to get insurance cover worth ` 10 lacs at a premium of only 92 paise

A travel insurance cover of up to ` 10 lakh can be availed while booking a train ticket online by paying less than one rupee from 31 August. A person booking a train ticket through the IRCTC website will be able opt for travel insurance cover for a premium of 92 paise only from 31 August. Indian Railways subsidiary IRCTC has assigned the task to three private firms are Shriram General Insurance, ICICI Lombard General Insurance and Royal Sundaram General Insurance.

Sakshi Malik will be brand ambassador of Beti Bachao, Beti Padhao campaign

Haryana CM Manohar Lal Khattar has announced that Sakshi Malik, India’s bronze medalist at the Rio Olympics, will be the brand ambassador of the Beti Bachao, Beti Padhao campaign in the state. The programme aims to empower the girl child and reduce rates of female foeticide in districts with low child sex ratio.

Ahmedabad to host 2016 Kabaddi World Cup

The Kabaddi World Cup will be held in Ahmedabad from October 7 to 22. Gujarat will play host to 12 Kabaddi teams from USA, Canada, UK, Australia, Iran, Poland, Pakistan, Bangladesh, Korea, Japan and Kenya, besides hosts India. The matches will be held in Ahmedabad’s The Arena stadium.

National Sports Awards – 2016

Rio Olympics 2016 medalists PV Sindhu (badminton) and Sakshi Malik (wrestling) have been chosen for Khel Ratna award for 2016. The highest sporting award of India will also be given to Dipa Karmakar and Jitu Rai. Dipa Karmakar’s coach Bisweshwar Nandi will be awarded Dronacharya Award for 2016.

IOA Chief Ramachandran awarded the Olympic Order

Indian Olympic Association (IOA) President, N. Ramachandran was awarded the Olympic Order for his outstanding services to the Olympic movement. The Olympic Order is the highest award of the Olympic Movement and is awarded for particularly distinguished contributions to the Olympic Movement, that is, recognition of efforts worthy of merit in the cause of sport. It was established in May 1975.

AP announces ` 3 cr cash award, Group I cadre job for Sindhu

The Andhra Pradesh Cabinet has decided to felicitate the Olympic badminton star PV Sindhu with ` 3 crore reward in cash, a 1,000 sq yard site in the new capital city of Amaravati and a Group I cadre job in the State. The Cabinet also approved a ` 50 lakh cash reward to Pullela Gopichand, the former badminton star and coach of Sindhu.

China’s high speed train maker launches operation in India

China largest high-speed train maker has announced the launch of its first joint venture (JV) plant in India with USD 63.4 million investment to manufacture and repair railway locomotives. The joint venture, named CRRC (China Railway Rolling Stock Corporation) Pioneer (India) Electric Co Ltd, is housed in Bavo Industrial District of Haryana between New Delhi and Bombay. The Chinese side holds 51% of the share.

Andhra Pradesh police launches pilot project on DNA profiling

Andhra Pradesh police has launched DNA Index System (DIS), the first-of-its-kind initiative that allows generation of DNA profiles from live samples like saliva and blood stains. The system uses the latest DNA technology tool called RapidHIT developed by IntegenX of USA. The DIS allows generation of DNA profiles using buccal swabs, blood stains, saliva and other live samples in less than two hours.

Maneka Gandhi Inaugurate Animal Birth Control Centre in Dehradun

Union Women and Child Development (WCD) Minister Maneka Gandhi inaugurated the state’s first animal birth control centre (ABC) at Kedarpuram. The centre will take up birth control measures with stray dogs the population of which has been rising in the city and the state. The centres will be set up in Nainital and Mussoorie and other five municipal corporations in Haridwar, Kashipur, Haldwani and Roorkee. The Department of Urban Development has sanctioned ` 2 crore to set up the centres.

Usain Bolt wins 200m to complete hat-trick

Jamaican’s sprinter Usain Bolt has won the 200 metres final to add to his 100m title at the Rio Olympics 2016. Bolt eased to victory in the 200m final in 19.78 seconds. He had also won the 200 metres race in 2008 Bejing and London 2012. This was his ninth gold medal. The legendary runner announced that he will retire from the sport next year.

PM Modi to be new brand ambassador of Incredible India

Indian government’s Tourism Ministry has decided that instead of getting a brand ambassador for the Incredible India campaign, it will make Prime Minister Narendra Modi the face of the campaign. But his face will be used for the advertisements and promotional films. Even Gujarat Tourism’s prosperity will also be mentioned.

P V Sindhu wins silver in women’s singles badminton: Rio Olympic 2016

India’s P V Sindhu today created history by winning a silver medal in women’s singles badminton event at Rio Olympics 2016. She is the first Indian female and first ever Indian shuttler to win an Olympic silver. Carolina Marin of Spain beat P.V. Sindhu of India to take gold and Japan’s Nozomi Okuhara won bronze medal. She also became the fourth Indian to win a silver at the Olympics.

Urjit Patel appointed as next RBI Governor

Urjit Patel is the new Reserve Bank of India Governor, the Finance Ministry announced. Patel will succeed Raghuram Rajan as the RBI chair once he steps down on September 3, after his term comes to an end. He will be India’s 24th RBI Governor. One of the RBI’s four deputy governors, Patel, 52, was reappointed in January for another three years. He has run the central bank’s monetary policy department since 2013 and is viewed as a leading contender for the governor’s job.

Love Story director Arthur Hiller is dead

Arthur Hiller, who received an Oscar nomination for directing the blockbuster romantic tragedy “Love Story”. He was 92. The Canadian-born, dauntingly prolific Mr. Hiller ascended during the era of live television, and his versatility and workmanlike skill brought him a great deal of Hollywood work in TV and then film.

Federal Bank to use Chillr app

Federal Bank has partnered with Chillr, a mobile banking application that connects directly to a person’s bank account and enables instant money transfers, bill payments, phone recharge and e-commerce payments in a very secure environment. As India’s first and only multi-bank mobile application, Chillr allows users to connect seamlessly with multiple bank accounts and manage all their banking needs on a single platform, making money transfer between bank accounts easier, faster and safer than sending a text message.

Sachin Tendulkar adopts village in Osmanabad under SAGY

Former Cricketer and Rajya Sabha MP Sachin Tendulkar has selected Donja village in Osmanabad district of Maharashtra for development under the Sansad Adarsh Gram Yojna (SAGY). Sansad Adarsh Gram Yojana is a rural development programme. Sansad Adarsh Gram Yojana, launched in October 2014.

Noted actor & director Gobind Tej passes away

Noted actor and director Gobind Tej passed away. While undergoing treatment at a hospital in Bhubaneswar. He was 88. He received the Odisha State Film Award for Best Director for movies like ‘Kaberi’, ‘School Master’, ‘Tunda Baida’ and ‘Gare Sindura Dhare Luha.’

Former Fifa president and IOC member dies aged 100

Former FIFA President Joao Havelange has passed away at Samartino Hospital, Rio de Janeiro. He was 100 years old. He was 7th head of international football’s governing body FIFA from 1974 to 1998.

Wrestler Sakshi Malik wins bronze for India in Rio 2016

India’s Sakshi Malik won a bronze medal in the wrestling 58kg category in Rio Olympics 2016. She beat Aisuluu Tynybekova 8-5 in the bronze medal bout. The 23-year-old became the 4th Indian woman to have ever won an Olympic medal