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India will be the host of the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
The decision was came during the sixth joint Inter-Governmental Committee (IGC) meeting on trade, economic, scientific and technological cooperation.
The pipeline, that had its ground-breaking ceremony in December 2015, has seen flagging interest since then for a number of reasons. India’s effort is to tap Turkmenistan’s Galkynysh gasfields, which are the fourth largest in the world.
The Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI), also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Asian Development Bank.
The pipeline will transport Caspian Sea natural gas from Turkmenistan through Afghanistan into Pakistan and then to India. Construction on the project started in Turkmenistan on December 13th, 2015. The pipeline is expected to be operational by 2019.
E Sankara Rao will be the new Managing Director & CEO of IFCI Ltd.
IFCI Ltd, a government company, is set to have a new Managing Director & CEO in E Sankara Rao, who is currently Chief General Manager at India Infrastructure Finance Company Ltd (IIFCL).
The Appointments Committee of Cabinet has given its nod for the Department of Financial Services (DFS) proposal to appoint Emandi Sankara Rao as Managing Director & Chief Executive Officer of IFCI Ltd, official sources said.
A formal order from DFS is expected soon. Rao’s appointment will be valid for three years. Rao is also currently a director and chief executive officer at IIFCL Asset Management Company Ltd.
The international exchange from BSE, IndiaINX, received an approval from the regulator, Securities and Exchange Board of India (SEBI), to commence trading in Gold Options contracts – the first for India at GIFT IFSC
The underlying asset for the options will be IndiaINX Gold Futures, while the instrument type will be OPTCOM.
Current Contract value with Strike price+ Premium will be $ 32, and Contract Size will be One India Inx Gold Futures contract.
Minimum tick size is $ 0.1. The options types will be premium style European Call & Put Options, while contract months will be January, March, July, September and November.
This instrument will give the buyer a right to buy or sell an underlier at a preset price on a future date. Considering the other gold contracts on BSE’s India INX, we are clocking daily average turnover of $ 35 Million.
A special programme “Durgama Anchalare Malaria Nirakaran” (DAMON) would soon be launched to prevent the spread of malaria in remote areas of Odisha’s Ganjam district.
The health officials have identified over 135 remote villages under the jurisdiction of five community health centres as malaria prone areas.
The community health centres have been identified as
People testing positive for malaria will be provided treatment under the programme. Besides other diseases like malnutrition among the children and complicancy among the pregnant women will also be identified in the camps and necessary treatment will be provided.
UN Secretary General Ant nio Guterres has appointed senior UN official Ruby Sandhu-Rojon as his new Deputy Special Representative for West Africa and the Sahel.
Sandhu-Rojon succeeds Hiroute Guebre Sellassie, who completed her assignment this month.
Sandhu-Rojon brings to the position extensive experience with the United Nations, including in leadership positions with the United Nations Development Programme (UNDP), and strong strategic planning, coordination, and programmatic skills.
Major Mitali Madhumita is the first woman officer to receive a gallantry award in the Army.
She was honoured along with 21 Army personnel for acts of bravery and distinguished service at the military station here during the South Western Command Investiture Ceremony.
Two Yudh Seva medals,
Nine Sena medals (Gallantry),
Two Sena medals (Distinguished) and
Eight Vishisht Seva medals
were presented by General Officer Commanding-in-Chief, South Western Command, Lieutenant General S. K. Singh.
Sepoy Jagtar Singh of the Punjab Regiment was awarded the Sena Medal (Gallantry) posthumously
Sepoy Purna Limboo was also awarded the Sena Medal (Gallantry) for displaying exemplary courage during a search operation in Kulgam.
Prasar Bharati CEO Mr. Shashi Shekhar Vempati has been given the additional charge of Rajya Sabha TV’s CEO after Mr. Gurdeep Singh Sappal resigned from his post.
Rajya Sabha TV is owned and operated by the upper house of Parliament. Vempati, formerly a part-time member of the Prasar Bharati Board, was appointed as the Chief Executive Officer (CEO) of the public broadcaster in the month of June.
India-ASEAN Youth Summit will be organised in Bhopal from Aug 14-19
Over 100 delegates from 10 ASEAN countries – Brunei,
will participate in the India-ASEAN Youth Summit to be held in Bhopal from August 14-19.
The exercise will mark the 25th anniversary of the ASEAN-India dialogue partnership in the ongoing year and also the commemorative years theme of “Shared Values, Common Destiny”.
Apart from the 100 delegates from ASEAN countries, the summit will also have participation of 75 youth leaders from India.
Indian Navy would join the People’s Liberation Army (PLA) Navy in a maiden maritime search and rescue exercise to be chaired by Bangladesh at the Indian Ocean Naval Symposium (IONS) in November this year.
“Bangladesh, the current Chair, is scheduling a maiden International Maritime Search and Rescue Exercise (IMMSAREX) in November in the Bay of Bengal to be attended by ships and aircraft of the members and observers of the IONS.
The IONS is a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, launched by India in February 2008. It presently has 23 members and nine observers.
A global authority in infusion therapy launched India’s first online course on Infusion Therapy for nurses, under which it aims to train over 3,000 nurses in the vital medical procedure
Announcing the initiative, which will boost nurses even in rural parts of India, INS said that utilising the reach and ease of the digital platform, the course will enable members to access the various infusion therapy modules and presentations through its website.
Infusion therapy means the administration of a drug intravenously, but the term also may refer to situations where drugs are provided through other non-oral routes, such as intramuscular injections and epidural routes.
India’s first railways disaster management centre will be near Bengaluru for generating training on rescue, medical relief and rolling stock restoration techniques
Trains falling into rivers and coaches catching fire will be common sights in the country’s first ‘railways disaster management village’ expected to come up on the outskirts of Bengaluru by December next year.
The railways has earmarked the 3.32 sq km village of Hejjala, with a population of 3,483 people, to develop its Disaster Management Institute and Safety village at a cost of Rs44.42 crore.
The focus is on imparting state of the art training on rescue, medical relief and rolling stock restoration techniques in a classroom and also using various simulated teaching aids.
However, it is the practical reproduction of accidents on site and the ensuing rescue operations that are being touted as the big ticket venture.
The first South Asian Youth Summit-2017 is all set to be organised in the Bhubaneswar City of Indian state of Odisha from September 17
The four-day Summit would focus on a wide range of problems being faced by youths of South Asia and discuss their solutions.
Ministers of all eight SAARC member countries would participate in the Summit to discuss culture, tourism, peace and infrastructure development in South Asia as well as sustainable development goal adopted by the United Nations.
Three Indian firms — Hindustan Unilever, Asian Paints and Bharti Airtel — are among Forbes’ list of the world’s 100 most innovative companies, where Salesforce.com has replaced Tesla Motors on the top position.
While HUL and Asian Paints have moved up in their ranks to seventh and eighth respectively (from 31st and 18th last year), Bharti Airtel has entered the ranking at 78th position.
Tata Consultancy Services (TCS), Sun Pharma and Larsen & Toubro were also on the 2016 list but they failed to make the cut this year, bringing down the total number of Indian firms from five to three.
The annual ‘World’s Most Innovative Companies’ are the ones that investors expect to be innovative now and in the future. Besides, to be included in the list, firms need seven years of public financial data and $ 10 billion in market cap.
India and Russia will hold a mega war game ‘Indra’ in October involving their armies, navies and the air forces for the first time to further ramp up military ties.
The exercise Indra, which will be held in Russia from October 19 to 29, will primarily focus on achieving coordination between forces of the two countries in a tri- services integrated theatre command scenario
It will be for the first time India will participate in a tri-services exercise with a foreign country with such a large scale participation by the Navy, the Army and the Air Force.
The armies, navies and air forces of Russia are holding bilateral exercises separately but this is for the first time, both the countries will carry out a tri-services exercise.
Daily Current Affairs for 14 Aug, 17.
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