Day: May 26, 2023

Schedule of new Parliament building inauguration on May 28: Early morning havan to multi-religion prayer

Manish Kumar

The new Parliament building will be inaugurated by Prime Minister Narendra Modi on May 28. The ceremony will begin with a havan and puja and end with an address by PM Modi. The entire event has been planned in two phases which include puja, installation of the ‘Sengol’, screening of two short films, and release of a commemorative coin and stamp. Various rituals according to the Vedas will also be performed ahead of the inauguration. The full schedule of new Parliament building inauguration: The program will commence at 7 am…

Ukraine War Could Last for Decades: Former Russian President

Manish Kumar

Former President Dmitry Medvedev, A top ally of Vladimir Putin said the Ukraine war could last for decades.  Medvedev last month described Ukrainian authorities as an infection, and he reiterated Moscow’s claim that Ukraine is a Nazi state. In January, he said if Russia were defeated it could trigger a nuclear war.  In the meantime, Russian authorities have confiscated the Ukrainian President’s $800,000 (over ₹6 crores) apartment in annexed Crimea.  Latest update as of now reported that Ukraine shot down 10 missiles and over 20 drones launched by Russia in…

The ruler of Dubai approved the “Dubai Master Plan for Public Beaches” to increase the beaches by 400 %.

Manish Kumar

Sheikh Mohammed bin Rashid Al Maktoum approved the “Dubai Master Plan for Public Beaches” which aims to increase the total length of public beaches in the emirate by 400 percent.  The plan, a part of the Dubai 2040 Urban Master Plan, features the opening of new beaches and the development of existing ones with advanced facilities.  Under the Master Plan public beaches spanning 84 km will be added to cater to the growth in the emirate’s population and the influx of tourists from all over the world.  The ‘Dubai Master Plan…

Murty Trust pledges support to Reach to Teach Foundation

Manish Kumar

Mumbai, May 26, 2023: Reach to Teach Foundation has been given a five-year grant of INR 5 Crore by the Murty Trust, which is the family foundation of Mr. Narayana Murthy and Mrs. Sudha Murty. The grant is to support the Comprehensive School Transformation Programme that Reach to Teach is rolling out in the North-East. The grant will provide seed support and strengthen Reach to Teach’s ability to deliver a credible and sustainable programme.    Reach to Teach primarily partners with the Education Department of State Governments and works closely with other stakeholders such as…

Few Australian universities ban Indian students amid concerns over visa fraud

Manish Kumar

The Australian universities asked the education agents to not consider students from Punjab, Haryana, Uttarakhand, Uttar Pradesh, and the Union Territory of Jammu and Kashmir.  The report indicated that one in four applications is now deemed “fraudulent” or “non-genuine” by the country’s Department of Home Affairs.  It is pertinent to mention, the ban was announced prior to Prime Minister Narendra Modi’s three-day visit to Australia.  Western Sydney University informed that they could no longer recruit students from Punjab, Haryana, and Gujarat, citing a large number of Indian students who started…

Reliance acquired a 51% stake in Lotus Chocolate Company for 74Cr

Manish Kumar

Reliance Consumer Products (RCPL) has completed the acquisition of a 51-percent controlling stake in Lotus Chocolate Company, for an aggregate consideration of Rs 74 crore.  Isha Ambani, Executive Director of RRVL, said that the investment underscores Reliance’s commitment to further boost indigenously developed daily use high-quality products.  Reliance Retail Ventures operates an integrated omnichannel network of 18,040 stores and digital commerce platforms across grocery, consumer electronics, fashion and lifestyle, and pharma consumption baskets.  Lotus Chocolate Company manufactures chocolates, cocoa products, and cocoa derivatives. This BSE-listed company has a fully integrated…

World’s 4th largest economy Germany, enters recession as GDP falls, inflation hurts spending

Manish Kumar

Germany, World’s Fourth Largest Economy, Enters Recession.  Germany’s economy contracted slightly in the first quarter and thereby was in recession after negative growth in the fourth quarter of 2022.  Escalating signs of economic malaise in Europe sent the euro to multi-month lows against the dollar. The latest sign of weakness out of Europe came from Germany, where the economy contracted.  The U.S. dollar index, which measures the currency against six major peers and is heavily weighted towards the euro.  The Chinese yuan renewed a six-month low, dropping to 7.0903 per…

India to host 14th Clean Energy Ministerial and 8th Mission Innovation meeting alongside G20 Energy Transitions Ministerial in Goa in July 2023

Manish Kumar

The 14th Clean Energy Ministerial and 8th Mission Innovation meeting (CEM14/MI-8) will be held in Goa during 19th to 22nd of July, 2023. Scheduled on the margins of the G20 Energy Transitions Ministerial Meeting, the theme for CEM-14 / MI-8 is “Advancing Clean Energy Together”. This year’s Clean Energy Ministerial (CEM) and Mission Innovation (MI) meetings will bring together governments, international organizations, private sector, academia, innovators, civil society, early career researchers and policymakers over a four-day program featuring high-level ministerial dialogues, global initiative launches, award announcements, minister-CEO roundtables and a wide array…

China poised to lead the way with world’s first oral insulin for type 2 diabetes

Manish Kumar

Hefei Tianhui Biotechnology Co. Ltd. (HTIT) has recently submitted a marketing authorization application (MAA) in China for the world’s first oral insulin for type 2 diabetes (T2D). If approved, China will become the world’s first country with oral insulin availability, says GlobalData, a leading data and analytics company. According to GlobalData’s Pharma Intelligence Center, there are only two oral insulins in Phase III globally. Moreover, small players dominate the entire pipeline in development around oral insulins. The number of diagnosed prevalent cases of type 2 diabetes in China is estimated to grow at a CAGR…

Gujarat CM Shri Bhupendra Patel and MoS Communications Shri Devusinh Chauhan award prizes to sportspersons in MP Sports Competition

Manish Kumar

Gujarat Chief Minister Shri Bhupendra Patel and Union Minister of State for Communications & Member of Parliament from Kheda, Shri Devusinh Chauhan presented awards and prizes to sports persons at the finale of the MP Sports Competition 2023 today at the District Sports Complex in Nadiad, Gujarat. Both the dignitaries exhorted the youth to play constructive role in Nation building. This year, the competition witnessed an exceptional turnout of approximately 9,500 participants from across Kheda Lok Sabha Constituency, making it one of the largest sporting events of its kind in…