International
Affairs
India and Japan has signed a Social Security
Agreement
India and Japan have signed a Social Security
Agreement (SSA) that will come into force on 1st October 2016.
The SSA will benefit Indian and Japanese
professionals and skilled workers working in each other’s country and will also
boost bilateral business linkages.
The SSA will help avoid double social security
contributions but an exemption will be provided to Indian worker, only if he is
covered under the social security system of India and continues to pay his
contribution during period of overseas contract.
India, Bangladesh has inaugurated Petrapole
checkpost
India and Bangladesh has opened the newly
constructed modern integrated check-post at Petrapole-Benapole point of the
India-Bangladesh border in West Bengal. The cost of the project is 200 crore.
Prime Minister Sheikh Hasina and Prime
Minister Narendra Modi have inaugurated it through video conference which have
also been linked to West Bengal Chief Minister Mamata Bannerjee.
The multipurpose checkpost is aimed at further
facilitating increased India-Bangladesh trade. Currently the Petrapole-Benapole
lands customs station is one of the busiest handling over 60% of the
India-Bangladesh bilateral trade of around US$ 6 billion.
National
Affairs
ECI launched National Electoral Roll
Purification 2016
The Election Commission of India (ECI) has
announced the launch of National Electoral Roll Purification (NERP) 2016
programme across the country.
The programme was launched to improve health
of Electoral Rolls (ERs) and to optimize the Polling Station (PS) location and
area across the country.
The motto of ECI for the year 2016 is No
voter to be left behind.
Sports
BCCI conducts ‘English language and
communication skills’
The Board of Control for Cricket in India has
organised a course for umpires on English language and communication skills.
For this the first batch took place from July
12 to 16 and the second is scheduled from July 19 to 23 in Mumbai.
The course has been designed by the British
Council along with the International Cricket Council and is aimed at equipping
the match officials with
requisite communication skills.
Business
& Economy
Federal Bank ties up with Reliance Jio Money
Federal Bank has signed an agreement with
Reliance Jio Money for one-click payment service.
Reliance Jio Money is a wallet application
that will be launched soon for mobile devices where Federal Bank will enable a
direct payment option for its customers.
Through this service, the leading
private sector bank's customers can complete a transaction without funding the
wallet. The bank's customers will get a facility to directly pay from their
account for the services offered through the wallet (without pre-loading their
wallet).
IRCTC joins hands with SBI to promote rail
ticketing
Indian Railway Catering and Tourism
Corporation (IRCTC) has joined hands with the State Bank of India to chalk out
a detailed plan for promotion of rail ticketing activities, including internet
ticketing and unreserved ticketing system.
The MoU was signed by IRCTC CMD A K Manocha
and Arundhati Bhattacharya, CMD, SBI.
The MoU also envisages for undertaking
activities which can provide value to customers and bring about synergy in
working of both the organisations.
BHEL commissions 40 mw hydropower units in
West Bengal
Bharat Heavy Electricals Limited (BHEL) has
commissioned the third unit of the 4x40 MW Teesta Low Dam Hydro Electric
Project (HEP) Stage-IV in West Bengal.
A run-of-the-river greenfield project located
in Darjeeling district of West Bengal(WB), Teesta HEP is being set up by
National Hydroelectric Power Corporation (NHPC), on the River Teesta. The
fourth and final unit of the project is also in advanced stages of execution.
The Power generation from the Teesta
project will result in reduction of green-house gas emissions and will help in
achieving a low carbon development path for the state as well as the nation.
The order for Electrical & Mechanical (E&M) works for four units of 40
MW each was placed on BHEL by NHPC.
Seven Indian firms in Fortune 500 list
Seven Indian companies have made it to the
latest Fortune 500 list of the world's biggest corporations in terms of
revenue.
The list is topped by the retail giant Walmart
with revenue of $482,130 million, followed by State Grid (revenue of $329,601
million) and China
National Petroleum ($299,271 million) at the
second and third place respectively.
While among Indian firms, Indian Oil Corporation
ranked highest at 161st place with revenue of $54.7 billion. However, another
state-run firm ONGC has moved out of the rankings for 2016 and private
gems and jewelry major Rajesh Exports has made its debut at the 423rd position.
Among the seven Indian companies, four are
from the public sector while Reliance Industries (215th) is the top-ranked
among private sector firms, followed by Tata Motors (226) and Rajesh
Exports. Among state-run majors, Indian Oil is followed by banking behemoth SBI
(232), Bharat Petroleum (358) and Hindustan Petroleum (367).
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