1.Subhash Chandra steps down as Zee Media chairman
Subhash Chandra has resigned from the post of Director and Non-Executive Chairman of Zee Media.
It further said that its board also approved appointment of R K Arora, CEO, as an Additional Director of the company.
2. India signs $100 mn loan agreement with World Bank
India signed a $100 million (about Rs 677 crore) loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernisation Project.
The project aims to provide access to a continuous piped water supply in various cities in Karnataka and strengthen the service delivery arrangements at the city level, a finance ministry statement said.
Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) is the implementing agency for the project, it added.
The agreement was signed by Department of Economic Affairs Joint Secretary Raj Kumar on behalf of India and World Bank's India Acting Country Director Michael Haney on behalf of World Bank.
3. Lucknow tops list of 13 new smart cities
The government announced the names of 13 more cities to be developed as smart cities, taking the total count to 33. Lucknow in Uttar Pradesh has topped this list and the other selected cities are Warangal in Telangana, Dharmashala in Himachal Pradesh, Chandigarh, Raipur, New Town Kolkata, Bhagalpur in Bihar, Panaji, Port Blair, Imphal, Ranchi, Agartala and Faridabad in Haryana.
The 13 cities have proposed total investment of Rs 30,229 crore. The 20 cities on the original list had proposed Rs 50,802 crore. Mathura and Rai Bareilly in Uttar Pradesh and Jammu and Srinagar in Jammu and Kashmir will be allowed to participate in the smart city competition and one city from each of these two states will be selected based on the quality of their smart city plans. Seven capitals left out of the smart city mission — Patna, Shimla, Naya Raipur, Itanagar, Amaravati, Bengaluru and Thiruvananthapuram — will also be allowed to participate in the competition.
4. Tech Mahindra drops plans to start payments bank
Tech Mahindra said it was dropping its plans to start a payment bank as the increasing aggression in the business would have eroded its margin potential.
TechM become the third license winner to pull out of the business. Sun Pharma promoter Dilip Shanghvi and Cholamandalam Investment and Finance Co. had already announced that they would not be setting up the bank.
5. Islamic banking to debut in Gujarat
Jeddah-based Islamic Development Bank (IDB) is set to start its India operations from Gujarat. The international financial institution from Saudi Arabia has chosen Gujarat to set up its first branch in India. The state will also get 30 medical vans as part of IDB's social sector initiatives.
IDB's main objective is to foster the economic development and social progress of member countries as well as the Muslim community in accordance with principles of Shariah (Islamic law). The bank has 56 Islamic countries as its members.
6. Department of Empowerment of Disability Affairs to incorporate the word ‘Divyang’ in Hindi and English names
In line with the Prime Minister's call to call the disabled as 'Divyang' instead of 'Viklang', the Centre has renamed the Department of Empowerment of Persons with Disabilities to incorporate the word 'Divyang' in its Hindi as well as English nomenclature.
The Department so far known as the 'Viklangjan Sashaktikaran Vibhag' in Hindi will now be known as 'Divyangjan Sashaktikaran Vibhag' as per a change in the Government of India (Allocation of Business) rules now approved by President Pranab Mukherjee. In the English nomenclature too, the word 'Divyangan' has been suffixed now to the original name and the Department will now on be known as the 'Department of Empowerment of Persons with Disabilities (Divyangan)'.
7. Pink Panther star Burt Kwouk passes away
Renowned Pink Panther star Burt Kwouk passed away. He was 85.
He was best known for playing Inspector Clouseau's manservant Cato in the Pink Panther films.
8. HAL signs pact with BEL to develop airborne communication
Hindustan Aeronautics Limited (HAL) said that it has signed a pact with Bharat Electronics Limited (BEL) for developing advanced airborne communication and electronic warfare systems.
Subhash Chandra has resigned from the post of Director and Non-Executive Chairman of Zee Media.
It further said that its board also approved appointment of R K Arora, CEO, as an Additional Director of the company.
2. India signs $100 mn loan agreement with World Bank
India signed a $100 million (about Rs 677 crore) loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernisation Project.
The project aims to provide access to a continuous piped water supply in various cities in Karnataka and strengthen the service delivery arrangements at the city level, a finance ministry statement said.
Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) is the implementing agency for the project, it added.
The agreement was signed by Department of Economic Affairs Joint Secretary Raj Kumar on behalf of India and World Bank's India Acting Country Director Michael Haney on behalf of World Bank.
3. Lucknow tops list of 13 new smart cities
The government announced the names of 13 more cities to be developed as smart cities, taking the total count to 33. Lucknow in Uttar Pradesh has topped this list and the other selected cities are Warangal in Telangana, Dharmashala in Himachal Pradesh, Chandigarh, Raipur, New Town Kolkata, Bhagalpur in Bihar, Panaji, Port Blair, Imphal, Ranchi, Agartala and Faridabad in Haryana.
The 13 cities have proposed total investment of Rs 30,229 crore. The 20 cities on the original list had proposed Rs 50,802 crore. Mathura and Rai Bareilly in Uttar Pradesh and Jammu and Srinagar in Jammu and Kashmir will be allowed to participate in the smart city competition and one city from each of these two states will be selected based on the quality of their smart city plans. Seven capitals left out of the smart city mission — Patna, Shimla, Naya Raipur, Itanagar, Amaravati, Bengaluru and Thiruvananthapuram — will also be allowed to participate in the competition.
4. Tech Mahindra drops plans to start payments bank
Tech Mahindra said it was dropping its plans to start a payment bank as the increasing aggression in the business would have eroded its margin potential.
TechM become the third license winner to pull out of the business. Sun Pharma promoter Dilip Shanghvi and Cholamandalam Investment and Finance Co. had already announced that they would not be setting up the bank.
5. Islamic banking to debut in Gujarat
Jeddah-based Islamic Development Bank (IDB) is set to start its India operations from Gujarat. The international financial institution from Saudi Arabia has chosen Gujarat to set up its first branch in India. The state will also get 30 medical vans as part of IDB's social sector initiatives.
IDB's main objective is to foster the economic development and social progress of member countries as well as the Muslim community in accordance with principles of Shariah (Islamic law). The bank has 56 Islamic countries as its members.
6. Department of Empowerment of Disability Affairs to incorporate the word ‘Divyang’ in Hindi and English names
In line with the Prime Minister's call to call the disabled as 'Divyang' instead of 'Viklang', the Centre has renamed the Department of Empowerment of Persons with Disabilities to incorporate the word 'Divyang' in its Hindi as well as English nomenclature.
The Department so far known as the 'Viklangjan Sashaktikaran Vibhag' in Hindi will now be known as 'Divyangjan Sashaktikaran Vibhag' as per a change in the Government of India (Allocation of Business) rules now approved by President Pranab Mukherjee. In the English nomenclature too, the word 'Divyangan' has been suffixed now to the original name and the Department will now on be known as the 'Department of Empowerment of Persons with Disabilities (Divyangan)'.
7. Pink Panther star Burt Kwouk passes away
Renowned Pink Panther star Burt Kwouk passed away. He was 85.
He was best known for playing Inspector Clouseau's manservant Cato in the Pink Panther films.
8. HAL signs pact with BEL to develop airborne communication
Hindustan Aeronautics Limited (HAL) said that it has signed a pact with Bharat Electronics Limited (BEL) for developing advanced airborne communication and electronic warfare systems.
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