Saudi Arabia’s King Salman on Wednesday appointed his 31-year-old son Mohammed bin Salman as crown prince, placing him firmly as first-in-line to the throne and removing the country’s counterterrorism czar and a figure well-known to Washington from the royal line of succession.
According to a royal decree, Mohammed bin Salman, 31, was also named deputy prime minister, and maintains his post as minister of defence.
The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.
Madhya Pradesh needs substantial investments to keep pace with rapid urbanization. Availability of continuous piped water supply is vital for improving the urban infrastructure, and it will facilitate improved access to safe drinking water for residents in the project area.
Meghalaya government today signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode.
With implementation of the Goods and Services Tax (GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform.
SBI CMP will help the state government to make its payments online and will reduce paper work and manual reconciliation of government transactions.
The father of India’s nuclear fusion reactor research programme, Padma Shri Prof Predhiman Krishan Kaw, died.
He was the founder director of Institute for Plasma Research (IPR), Gandhinagar, an institute that catapulted India to being one among the seven member entities that is building the world’s largest fusion experiment — the US $ 14 billion International Thermonuclear Experimental Reactor (ITER).
He was named the 2015 laureate of the Subrahmanyan Chandrasekhar Prize for “outstanding contributions” in the field of plasma physics.
In a first, China is planning to send mini-ecosystems – containing potato seeds and silkworm eggs – to the Moon next year, in an attempt to study how the organisms develop on the lunar surface.
The 3-kilogramme mini-ecosystem, developed by research teams led by Chongqing University in China, will be sent to the Moon by the Chang’e 4 scheduled to launch in 2018, authorities announced at the Global Space Exploration Conference.
An 18-centimetre-tall cylinder will carry potato seeds and silkworm eggs to be incubated.
US-based aerospace and defense manufacturing firm Lockheed Martin announced on Monday that it will partner with Tata Advanced Systems Limited (TASL) to manufacture and export the F-16 Block 70 aircraft from India.
The F-16 Block 70 is ideally suited to meet the Indian Air Force’s single-engine fighter needs and this unmatched U.S.-Indian industry partnership directly supports India’s initiative to develop private aerospace and defense manufacturing capacity in India.
India’s air force needs hundreds of aircraft to replace its Soviet-era fleet, but Prime Minister Narendra Modi’s government has said foreign suppliers would have to make the planes in India with a local partner to help build a domestic industrial base and cut outright imports.
The Rural Development Ministry today gave away 144 awards under various categories to states and other organisations.
Under the Pradhan Mantri Gram Sadak Yojana (PMGSY), Bihar was awarded for constructing the highest number of rural roads while Madhya Pradesh got the award for use of non- conventional construction material in constructing roads.
Haryana, Gujarat and Karnataka received a special prize for completing more than 95 per cent of their targets.
BankBazaar today said it is beginning operations in Malaysia, strengthening its presence in South East Asia.
Further, to scale and steer its international operations, BankBazaar has appointed former Visa employee Vipin Kalra to lead the business growth internationally.
In line with this vision to expand its foothold across south east Asia, last month, BankBazaar announced an investment of Rs. 5 crore in the Malaysian market and an additional Rs. 10 crore in its Singapore business.
Electronic payment and e-commerce portal, Paytm, will soon launch its payments bank on the unified payment interface. The launch will enable an easier transaction process for its customers and is reported to happen by August this year.
The Paytm Payments bank was introduced last month. In the first year alone, it targets to open 31 branches and 3,000 customer service points in a bid to attract 500 million customers by 2020.
The iconic Taj Mahal Palace in Mumbai has just got itself trademarked. This makes the 114-year-old building the first in the country to get such a registration.
The hotel, which has been a defining structure of Mumbai’s skyline, has joined the elite and small club of trademarked properties in the world which includes the Empire State Building in New York, the Eiffel Tower in Paris and Sydney Opera House.
India became the 71st country to ratify the United Nations TIR (Transports Internationaux Routiers) Convention, a move that will help boost trade through smoother movement of goods across territories.
The ratification is a part of India’s multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity.
The TIR Convention will also facilitate India’s current national and multilateral connectivity-related initiatives to improve cross border road transport, facilitating overland trade integration with both eastern and western neighbours.
A steel plant would soon come up at Manoharpur in West Singhbhum district of Jharkhand.
The Vedanta group and Jharkhand Mineral Development Corporation (JSMDC) would jointly set up the plant.
Claiming that investors were being attracted towards the mineral-rich state, the chief minister said that the state government had signed Rs 3 lakh crore worth of long-term and mid-term MoUs with the investors during the Momentum Jharkhand investors meet in February.