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India, Djibouti sign agreement on bilateral consultations
India, Ethiopia sign agreements on trade, communication
India and Ethiopia today signed agreements on trade, communication and media to boost bilateral ties as President Ram Nath Kovind held talks with his Ethiopian counterpart Mulatu Teshome in Addis Ababa.
India also thanked Ethiopia for its participation in the International Solar Alliance (ISA), established in 2015. The aim of the ISA is to provide a dedicated platform for cooperation among solar resource rich countries and promote the use of solar energy.
The India Business Forum is the first partner-country forum of its kind in Ethiopia and represents more than 100 Indian companies. Kovind said India has created jobs and contributed to the prosperity of Ethiopia. Indian investment has had a significant presence in manufacturing in Ethiopia and value addition to local resources, he said. Ethiopia has been the largest recipient of Indian concessional lines of credit in Africa, with over USD 1 billion committed.
India, EU to hold 14th summit talks on October 6
Ministry of Housing & Urban Affairs celebrates World Habitat Day
The Minister of Housing and Urban Affairs Shri Hardeep Singh Puri spoke at a programme organized by the Ministry of Housing and Urban Affairs on the occasion of ‘World Habitat Day’ on the theme ‘Housing Policies : Affordable Homes’ in New Delhi.
The Minister said the new urban missions launched by the Government like the Pradhan Mantri Awas Yojana (Urban) is at the core of ensuring affordable homes to the poor and the needy while other missions like the Swachh Bharat Mission (Urban) and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) aim at enabling the much needed basic infrastructure for a decent habitat.
Under PMAY(Urban), the Ministry has so far approved construction of 28,57,321 affordable homes for Economically Weaker Sections, Low and Middle Income Groups with an investment of Rs.1,54,180 cr. Central assistance of Rs.44,278 cr has been approved for these houses.
AP signs MoU with Mastercard
The State government on Thursday entered into a memorandum of understanding (MoU) with Mastercard to pave way for digital financial transactions in a secure environment. The MoU would help the government in adopting and hastening innovations such as digital payments and launch financial inclusion programmes.
Under the MoU, cybersecurity would be implemented across the digital payments and IoT in coordination with the State government and other key stakeholders.
IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017
IBBI had notified the IBBI (Information Utilities) Regulations, 2017 on 31st March, 2017. These regulations provided that ordinarily a person should not hold more than 10% of paid up equity share capital or voting power of an information utility, while allowing certain specified persons to hold up to 25%. These further provided that a person may hold up to 51% of paid-up equity share capital or total voting power of an information utility till the expiry of three years from its registration.
IBBI has amended the IBBI (Information Utilities) Regulations, 2017 on 29th September, 2017. According to the amended regulations, a person may, directly or indirectly, either by itself or together with persons acting in concert, hold up to fifty-one percent of the paid-up equity share capital or total voting power of an information utility up to three years from the date of its registration.
India signs €300 million Finance Contract with European Investment Bank (EIB) for financing Bangalore Metro Rail Project Phase II- Line R6.
Government of India and European Investment Bank (EIB) today signed the Finance Contract for lending of € 300 million for Bangalore Metro Rail Project Phase II Line R6. The agreement was signed by Shri S. Selvakumar, Joint Secretary (BC), Department of Economic Affairs (DEA), Ministry of Finance on behalf of the Government of India and Mr. Andrew McDowell, Vice President, EIB, on behalf of the EIB.
Bangalore Metro Rail Project Phase II is to be jointly financed by the European Investment Bank (€500 million) and Asian Infrastructure Investment Bank (€300 million). The first tranche of Euro 300mn was signed today. The project envisages extension of East-West & North-South lines for Bangalore Metro Rail which includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations. The project implementation period is 5 years from date of commencement of the Project.
Shell companies crackdown: 4.5 lakh directors may face axe
By Manoj Rammohan New Delhi, Oct 5 (PTI) As many as 4.5 lakh directors may face disqualification for their association with shell companies, Union minister P P Chaudhary said today as the government steps up its fight against the black money menace.
FIFA launches Hindi twitter account for U-17 WC
World football's governing body, FIFA on Thursday launched a Hindi twitter account of the U-17 World Cup, which begins here tomorrow.
British author Kazuo Ishiguro wins Nobel Literature Prize
British author Kazuo Ishiguro, best known for his novel "The Remains of the Day", won the Nobel Literature Prize today, the Swedish Academy said.
The 62-year-old, "in novels of great emotional force, has uncovered the abyss beneath our illusory sense of connection with the world," the Academy wrote in its citation.
Born in Nagasaki, he moved to Britain with his family when he was five years old, only returning to visit Japan as an adult. Both his first novel "A Pale View of Hills" from 1982 and the subsequent one, "An Artist of the Floating World" from 1986, take place in Nagasaki a few years after World War II.
Gauri Lankesh honoured with Anna Politkovskaya Award
Journalist-activist Gauri Lankesh, who was shot dead by unknown assailants on September 5, has been posthumously accorded with the prestigious Anna Politkovskaya Award, instituted by Reach All Women (RAW) in War.
Gauri is the 12th woman to receive this prestigious award. Nominations Committee members have observed that they were deeply moved by Gauri and Gulalai's bravery and dedication to peace and human rights. The citation reads: Gauri Lankesh was a major figure in India, critic of right-wing Hindu extremism, campaigner for women's rights, fiercely opposed to the caste system, campaigning for rights of Dalits and so on.
New nanomaterial can create hydrogen fuel from seawater
In a breakthrough, scientists have developed a new nanomaterial that uses solar energy to generate hydrogen from seawater, producing the low cost and clean-burning fuel more efficiently than existing materials.
The advance may lead to a new source of hydrogen fuel, ease demand for fossil fuels and boost the economy of countries where sunshine and seawater are abundant.
It is possible to produce hydrogen to power fuel cells by extracting the gas from seawater, but the electricity required to do it makes the process costly.
Researchers from University of Central Florida in the US developed a new catalyst that is able to not only harvest a much broader spectrum of light than other materials, but also stand up to the harsh conditions found in seawater.