35TH EDITION OF HYDERABAD SAILING WEEK

35th edition of Hyderabad Sailing Week Yachting Association of India (YAI) Sailing Championshiporganised at Hussain Sagar Lake, Hyderabad from 13 Aug to 19 Aug 21. This national ranking event witnessed 120 sailors from all over India participating in Laser Standard, 4.7 and Radial class of boats. Nine members from Navy Sailing Team based at INWTC Mumbai, five members from INWTC Visakhapatnam and six boys of Navy Boys Sports Company from INS Mandovi participated in Laser 4.7 class of boat and gave tough competition. This National event in the Laser Class…

Notification for Electronic Monitoring and Enforcement of Road Safety

Ministry of Road transport and Highways has issued notification G.S.R. 575(E).11th August, 2021- Rule 167A regarding Electronic Monitoring and Enforcement of Road Safety. The rules specify the detailed provisions for placement of electronic enforcement devices (speed camera, closed-circuit television camera, speed gun, body wearable camera, dashboard camera, Automatic Number Plate Recognition (ANPR), weigh in machine (WIM) and any such technology).   State Governments shall ensure that electronic enforcement devices are placed at high-risk and high-density corridors on National Highways and State Highways, and at critical junctions at least in major…

Raksha Mantri Shri Rajnath Singh to launch Defence India Startup Challenge 5.0

Three years after the launch of Defence India Startup Challenge 1.0 (DISC), Innovations for Defence Excellence (iDEX), Defence Innovation Organisation (DIO), will launch DISC 5.0 in New Delhi on August 19, 2021.With initiatives such as DISC and Open Challenges, iDEX is able to utilise the strong science, technology and research talent base of the country to develop new capabilities in defence innovation. DISC 5.0 will have more challenges than the first four DISC editions taken together.   Problem Statements received from the Services and Defence Public Sector Undertakings (DPSUs) under…

2021 may be India’s year of IPO, unicorns setting markets on fire says RBI

The year 2021 could turn out to be India’s year of IPO, the RBI said in an article. It added that domestic unicorns, through their public issues, are setting “domestic stock markets on fire and global investors in a frenzy”.   The article has been authored by a team lead by RBI Deputy Governor Michael Debabrata Patra. The central bank said views expressed in the article are those of the authors and do not necessarily represent the views of the Reserve Bank.   Successful IPOs by new-age companies in the recent months are…

Cabinet approves implementation of National Mission on Edible Oils – Oil Palm

  A new Centrally Sponsored Scheme with a special focus on the North east region and the Andaman and Nicobar Islands A financial outlay of Rs.11,040 crore out of which Rs.8,844 crore is the share of Government of India Focus on increasing area and productivity of oilseeds and Oil Palm Assistance to seed gardens specially for North-East and Andaman regions Price Assurance to Oil Palm farmers for Fresh Fruit Bunches   The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval to launch a new…

Cabinet approves MoU between Permanent Mission of India to the WTO and Economic Integration

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between Permanent Mission of India to the WTO (PMI), Centre for Trade and Investment Law (CTIL) of the Indian Institute of Foreign Trade, and Centre for Trade and Economic Integration (CTEI) within The Graduate Institute of International and Development Studies, Geneva.   Benefits: The MoU with CTEI of The Graduate Institute of International and Development Studies, Geneva will provide valuable academic and research opportunities to the employees of CTIL and…

Indian Cyber Crime Coordination Centre (I4C) launched its social media pages

Indian Cyber Crime Coordination Centre (I4C) which comes under the Ministry of Home Affairs through social media handles aims at promoting cyber-safety and cybersecurity awareness. It coordinates with law enforcement agencies in flagging cybercrime-related cases for early detection and redressal. It works with an objective to prevent the use of cyberspace to further the cause of extremist and terrorist organisations.   I4C is tasked with coordinating and effectively combating cybercrime in the country. It coordinates with law enforcement agencies in flagging cybercrime-related cases for early detection and redressal. It serves as a node…

Indian Army sponsors higher education in army-run residential colleges and schools to youth from J&K and Ladakh

The Indian Army will be sponsoring undergraduate courses and school education to selected children and youth from the Union Territories of Jammu & Kashmir and Ladakh in residential schools and colleges functioning under the Army Welfare Education Society (AWES) across the country, as part of Operation Sadbhavana. The initiative is aimed at providing quality education to deserving candidates from the Union Territories and offer them opportunities and exposure to acquire requisite competence and capability for a secure future. A total of 100 seats (50 each) have been earmarked for boys…

De-notification of Inland Container Depots/Container Freight Stations/Air Freight Stations

Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) across the country, the CBIC today streamlined the procedure of closure of these facilities in maximum of four months only. No timeline was specified earlier.   ICDs and CFS play a vital role in the exim trade as they store and clear import and export goods. These facilities are notified under the Customs Act, 1962 and are administered by the Customs authorities. However, at times a custodian may like to close (de-notify) the facility. The disposal…

India’s fintech market valued at $31 billion

India’s fintech market is now valued at $31 billion rated the world’s fastest growing – 67% of the more than 2,100 fintech entities in operation have been set up in the last five years. Bengaluru and Mumbai are where most fintech companies have their India headquartered – as they are the country’s technology and financial hubs. With this rate of investment it is projected to grow to $84 billion by 2025.   Growth equity momentum surged, with $15 billion in investments in H1 2021, 50% higher than the whole of…