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Delhi High Court appoints SY Quraishi as the new administrator of Archery Association of India (AAI).
The Delhi High Court has appointed SY Quraishi, former Chief Election Commissioner of India, as administrator of Archery Association of India (AAI) and ensure that its elections are held as per its constitution and the National Sports Code (NSC).
The court came down heavily on AAI, de-recognized by the central government on December 07, 2012, and its Executive Committee, for failing to amend its constitution to bring it in conformity with the National Sports Code.
Athlete Milkha Singh was appointed as the World Health Organisation’s goodwill ambassador for physical activity in the South-East Asia Region (SEAR).
As goodwill ambassador, Milkha Singh will promote WHO SEAR’s non-communicable diseases (NCDs) prevention and control action plan, which aims to reduce the level of insufficient physical activity by 10% and NCDs by 25% by 2025.
India has announced a number of new diplomatic appointments in its missions abroad, including envoys to the European Union, Italy and Denmark.
Gaitri Issar Kumar, joint secretary in the President’s Secretariat and a 1986 batch IFS officer, was on Tuesday named as India’s Ambassador to Belgium and the European Union which has its headquarters in the Belgian capital of Brussels.
Reenat Sandhu was on Tuesday named as India’s new Ambassador to Italy.
Ajit Vinayak Gupte, joint secretary in the external affairs ministry, has been named India’s Ambassador to Denmark.
Earlier this month, Ruchira Kamboj, who served as India’s Permanent Representative to the United Nations Educational, Scientific and Cultural Organization (UNESCO) in Paris, was named India’s new High Commissioner to South Africa.
Pram Jit Mann, who was India’s envoy to the Slovak Republic, was earlier named the Ambassador to Slovenia.
PAYBACK India has appointed Gautam Kaushik as its new Chief Executive Officer.
PAYBACK India has appointed Gautam Kaushik as the new Chief Executive Officer (CEO) to further its journey as a growth-oriented and consumer-centric coalition loyalty program in India.
In his capacity as the new CEO, Kaushik will be spearheading the India operations and will be leading all the critical business areas including Strategic Business Planning and Development, Partner Management & Acquisitions and Customer Engagement.
The Advertising Agencies Association of India (AAAI) honoured Roda Mehta with this year’s AAAI Lifetime Achievement Award.
This Award is the highest honour given to an individual in India for his/her outstanding contribution to the Advertising Industry.
Roda Mehta is a pioneer in more ways than one. This Award is well-deserved recognition for the stellar leadership she provided our industry and our eco-system for over two decades, during which time she also nurtured a whole generation of professional talent
Hindustan Unilever (HUL) won the ‘Green Marketer’ award at the debut edition of Marquee Awards 2017.
The Special Award for ‘Conquering an impregnable fortress’ was won by Bira 91. Pro Kabaddi League was recognized as the brand that ‘Traversed unchartered waters’ and Paytm was recognized for ‘Riding on an emerging wave’.
Honda Motorcycle & Scooter was awarded for ‘Breathing new life into a category’, Indian Accent was recognized for ‘Creating a Global Impact’ while Oppo was recognized for ‘Carving out a Niche’ for themselves in a highly competitive category.
The Hugo Award for Best Novel 2017 was given to Nora K. Jemisin, an American speculative fiction writer for her work “The Obelisk Gate”.
The award was presented at the 75th World Science Fiction Convention in Helsinki.
The awarded book was the second in the trilogy that started with “The Fifth Season”, which was New York Times Notable Book of 2015 and won Jemisin the Hugo Award for Best Novel in 2016.
Ada Palmer was awarded the Best New Writer, Seanan McGuire’s “Every Heart a Doorway” was the Best Novella, “The Tomato Thief” by Ursula Vernon was the Best Novelette, and “Seasons of Glass and Iron” by Amal El-Mohtar the Best Short Story.
“The Expanse: Leviathan Wakes”, written by Mark Fergus and Hawk Ostby, was awarded the Best Dramatic Presentation Short Form. It won over the best seller Game of Thrones, a series that had two books in the six-finalist shortlist.
Panchpatmalli bauxite mine of National Aluminium Company (NALCO) has been awarded for its initiative in areas like environment, safety and health.
The Navaratna PSU has bagged the Appreciation Award in large mines category at the Confederation of Indian Industries (CII) Eastern Region Safety Health & Environment Excellence Awards 2016-17.
On behalf of NALCO, S Chaudhuri, General Manager (Mines) and Sanjaya Kumar Patnaik, AGM (Environment), received the award at the 11th Symposium on Safety and award ceremony organised by CII Eastern Region
Gemfield’s ‘Retail Jeweler India Award’ given to Malabar Gold & Diamonds.
MALABAR Gold & Diamonds, one of the Big 5 jewelry retailers received the ‘Retail Jeweler India Award’ for the special contributions to the gem and jewellery industry.
Malabar Gold & Diamonds has also awarded the best television campaign award for the current year.
BitBay, one of the top ten cryptocurrency trading platforms in the world, has launched a dedicated platform for trade and exchange of digital currencies such as bitcoin, litecoin, ether, Lisk, monero, dash and gamecredits.
The company will also work towards creating awareness about digital currencies and also removing misconceptions related to these currencies in a market like India.
BitBay claims to be the only exchange in India that provides trade and exchange of multiple cryptocurrencies, high level security standards, including a “cold wallets” policy and two-factor authentication solutions.
It will be offering six digital currencies to keep and trade with local currency and will carry out demo trading from August 10 till August 24.
IOC buys more US crude oil ; it became the first Indian refinery to purchase 950,000 barrels of light sweet Eagle Ford shale oil and 950,000 barrels of heavy sour Mars crude
Indian state-refiner IOCBSE 0.41 % bought 1.9 million barrels of US crude in its second import tender seeking oil from the Americas, making it the first Indian refiner to purchase Eagle Ford shale oil
IOC bought 950,000 barrels of light sweet Eagle Ford shale oil and 950,000 barrels of heavy sour Mars crude for end-October delivery from trading firm Trafigura.
The latest purchase comes after a previous import tender where IOC bought 1.6 million barrels of Mars crude and 400,000 barrels of Western Canadian Select.
Indian refiners have turned their sights to crude from the Americas as they are keen to diversify their crude import sources as arbitrage opens due to global oil supply cuts.
State-run Canara Bank unveiled two new digital services for online payments; 1. Bharat Bill Payment System (BBPS), 2. Bharat QR (Quick Response).
Bharat QR (Quick Response) is for payment settlement at merchant locations and Bharat Bill Payment System (BBPS) is an integrated bill payment system for net banking customers.
The first service is a mobile application, which enables a merchant to accept payments as settlement for sale of goods or services.
Merchants enrolled by our bank will be allotted a QR code in line with the Bharat QR code standards. As the solution is interoperable, customers of any bank can make the payment using the mobile banking facility of their bank.
The second product (BBPS), an initiative of the Reserve Bank of India (RBI) and managed by the National Payments Corp of India (NPCI), offers bill payment services to the bank’s net banking customers with network of agents.
The Multi Commodity Exchange Ltd (MCX) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to launch country’s first gold options contract soon.
In June this year, SEBI allowed options trading in commodities to deepen the market but permitted each exchange to launch options on futures of only one commodity initially.
Putting in place strict eligibility criteria, SEBI said options could be launched on futures contract of only those commodities that are among the top five in terms of total trading turnover value of previous 12 months.
Exchanges have been demanding for long that options trading in commodities be allowed. While SEBI had agreed to permit options trading last year itself, some legal requirements were holding back the move.
Five-time world champion Viswanathan Anand defeated Ian Nepomniachtchi of Russia in the seventh round to jump to the joint top position in the Sinquefield Cup.
The second straight victory with white pieces took Anand to 4.5 points from seven rounds and with just two rounds remaining in the super tournament, the Indian ace now shares the lead with overnight leader Maxime Vachier-Lagrave of France and Levon Aronian of Armenia.
Indian Film Festival of Melbourne 2017; Best Film: ‘Pink’, Best Actor: Sushant Singh Rajput for ‘MS Dhoni: The Untold Story’, Best Actress: Konkona Sen Sharma for ‘Lipstick Under My Burkha’.
The Indian Film Festival of Melbourne (IFFM) is the biggest Indian film festival outside of the Indian soil, and is an official film festival supposed by the Victoria Government in Australia. This year IFFM will enter its eighth year.
The Amitabh Bachchan and Taapsee Pannu starrer ‘Pink’ was named the Best Film at the Indian Film Festival of Melbourne 2017. Sushant Singh Rajput was named the Best Actor for ‘MS Dhoni: The Untold Story’ and the Best Actress award was given to Konkona Sen Sharma for ‘Lipstick Under My Burkha’. Meanwhile, Nitesh Tiwari was named Best Director for ‘Dangal’.
The Government of India has decided to launch a new sub-scheme named “Aajeevika Grameen Express Yojana (AGEY)” as part of the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).
The Self Help Groups under DAY-NRLM will operate road transport service in backward areas.
This will help to provide safe, affordable and community monitored rural transport services to connect remote villages with key services and amenities for the overall economic development of backward rural areas.
This will also provide an additional avenue of livelihood for SHGs. The basic outline of AGEY was discussed in a meeting of State Transport Ministers of 13 States held in June 2016 at Dharamshala, Himachal Pradesh and all the Transport Ministers had expressed their appreciation of this initiative.
AGEY will be initially implemented in 250 Blocks in the country on pilot basis with each Block provided upto 6 vehicles to operate the transport services.
During the current year implementation of the scheme has been so far approved for 52 Blocks in 8 States namely ;
with a total provision of Rs.16.06.
The Rajya Sabha passed the Banking Regulation (Amendment) Bill, 2017, which will enable the government to empower the RBI to direct lender banks to act against big loan defaulters.
The bill, which amends the Banking Regulation Act, 1949, will replace the Banking Regulation (Amendment) Ordinance, 2017.
Once it becomes a law, the central government may authorise the RBI to issue directions to the banks to initiate proceedings in case of loan repayment default. These proceedings would be under the Insolvency and Bankruptcy Code, 2016.
The RBI may, from time to time, issue directions to banks for resolution of stressed assets and may specify authorities or committees to advise banks on resolution of stressed assets.
The bill inserts a provision to state that it will also be applicable to the State Bank of India, its subsidiaries, and Regional Rural Banks.
The Fifteenth BIMSTEC Ministerial Meeting was convened in Kathmandu, Nepal on 10-11 August 2017.
The Fifteenth BIMSTEC Ministerial Meeting was attended by ;
1. His Excellency Mr. Abul Hassan Mahmood Ali,M.P., Minister for Foreign Affairs of the Government of the People’s Republic of Bangladesh;
2. His Excellency Lyonpo Damcho Dorji, Minister for Foreign Affairs of the Royal Government of Bhutan; 3. Her Excellency Smt. Sushma Swaraj, External Affairs Minister of the Government of the Republic of India.
The Meeting considered and approved the Reports of the Seventeenth and Eighteenth Sessions of the BIMSTEC Senior Officials’ Meetings held in Kathmandu, Nepal on 07 February 2017 and 10 August 2017 respectively.
Heritage Conservation Society has launched a scheme – ‘Nabin Tan Mon Bikash Yojana’ – in memory of Nabin Sharma to promote health habits among children.
The scheme is especially for school children. After August 15 the members will visit schools in the entire region to promote the scheme. Dr Navanil Baruah, Dhirendra Nath Choudhury, Nirupama Borgahain were present at the launch of the scheme.
To promote health habits among children like correct standing and sitting posture, songs and rhymes for different musical drill of Sisu Prami Nabin Sharma are now preserved by Adviser Gayatri Goswami in Digital form
According to Chief Provident Fund Commissioner V P Joy, from the next month employees PF account will be transferred automatically when they change their job
The EPFO has also stepped up efforts to expand coverage, and initial results have been positive.
PF money should be withdrawn only for major purposes like housing, education of children, or serious hospitalisation.