Corporation

2nd National Tourism Conclave in Rajasthan

The 2nd National Tourism Conclave was organised in Jaipur on 13th July 2018. The conclave was headed by Managing Director of Rajasthan Tourism Development Corporation Haulianlal Guite. Steps such as improving intra-air connectivity to increase domestic and international tourist footfall in the state were discussed. Also, more projects such as “Night Tourism” were also encouraged.

Bengaluru citizens against CM HD proposal

The citizens of Bengaluru came out in large numbers to protest against the construction of steel flyover. People are against the CM HD Kumaraswamy’s proposal to construct six interconnected elevated corridors in the coming 4 years. The project will be taken up through Karnataka Road Development Corporation Limited and will cost around ` 15, 825 crores.

B.Sriram resigns as SBI MD

SBI managing director B. Sriram has resigned from his post after being appointed as the chief executive of IDBI Bank. The news assumes significance 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.

Haryana makes LED bulbs mandatory in offices

The use of LED bulbs and tube lights has been made mandatory in all offices of Haryana. In this direction, Head of Departments and Managing Directors of Boards, Corporations, and Public Undertakings have been directed to replace lighting with LED lamps or tube lights by August 15. These halogen & sodium bulbs will be replaced with energy-efficient LED bulbs and tube lights.

Navy chief Admiral Lanba to visit Bangladesh

Chief of the Naval Staff Admiral Lanba will be on a five day goodwill visit to Bangladesh. The visit is aimed at consolidating bilateral defence relations between India and Bangladesh and to explore new avenues for naval cooperation. The Admiral Lanba will inaugurate the first edition of Indian Navy-Bangladesh Navy Coordinated Patrol (CORPAT).

Mumbai’s water stock to last another 56 days

The seven lakes that provide water to Mumbai are reportedly 14.87% full, which means they have water only for 56 days. However, a Brihanmumbai Municipal Corporation (BMC) official said the corporation does not plan to announce water cuts as of now. Mumbai requires 4,200 million litres of water daily (MLD), of which the BMC supplies 3,800 MLD.

Muthoot Fincorp, NSDC to train 10,000 youth

Muthoot Fincorp Limited announced its partnership with National Skill Development Corporation (NSDC). Under the scheme, Muthoot Fincorp targets to train over 10,000 people over the next three years and make them job ready under Pradhan Mantri Kaushal Vikas Yojana. NSDC has approved a target of 3,000 candidates in the first year and 3,500 each in the subsequent two years.

Tree museum in Vadodara

A landfill site in Gujarat’s Vadodara has been converted into a tree museum. The municipal corporation planted over 12,000 saplings of nearly 100 varieties in an area of 50,000 square metres. Gardening on the site, which is reportedly worth ?250 crore, began in 2016 after locals complained of the bad smell emanating from the landfill.

EESL, Telangana partner to adopt E-mobility

Energy Efficiency Services Limited (EESL) and the Greater Hyderabad Municipal Corporation (GHMC) signed up to lease electric vehicles and install EV chargers. The vehicles will be procured by EESL under the Centre’s National E-Mobility Programme. This will not only reduce the costs of hired cars, but also substantially reduce emissions.

India’s most profitable PSU

Indian Oil Corporation has for the second year in a row beaten ONGC to become India’s most profitable state-owned company. IOC which has for decades been India’s biggest company by turnover posted a record net profit of Rs 21,346 crore in the fiscal year ended March 31, 2018. Reliance Industries retained the crown of being India’s most profitable company for the third year in a row.