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25th Oct, 2020

PM Modi Launches three key projects in Gujarat

Prime Minister Shri Narendra Modi virtually inaugurated three key projects in Gujarat on 24 October 2020.

The projects inaugurated includes:

Kisan Suryodaya Yojna

The ‘Kisan Suryodaya Yojna’ is an agri scheme which aims to provide power supply during daytime from 5am to 9pm (16 hours) for irrigation purposes to farmers.

The state government has allocated a budget of Rs 3,500 crores for installing transmission infrastructure under this scheme

by 2023.

Initially, Dahod, Patan, Mahisagar, Panchmahal, Chhota Udepur, Kheda, Tapi, Valsad, Anand and Gir-Somnath districts have been covered under the scheme for 2020-21. The rest will be included in a phased manner by 2022-23.

India’s biggest cardiac hospital in Ahmedabad

The Paediatric Heart Hospital was inaugurated  at U.N Mehta Institute of Cardiology and Research Centre at Civil Hospital campus in Ahmedabad and a Mobile Application for tele-cardiology.

The new facilities have been set up at the cost of Rs 470 crore, and will be India’s biggest hospital for cardiology.

It has increased the existing 450 beds to 1251 beds, 531 cardiac ICU beds, 15 cardiac modular operation theaters and 6 cardiac cath labs.

World’s longest temple ropeway project at Girnar in Junagadh

Girnar hill ropeway at Junagadh is Rs 130 crore project. It would attract more tourists and pilgrims to this historical place which will boost employment opportunities.

The 2,320 metres long ropeway has a capacity of carrying 1,000 passengers every hour.

 

Income tax return filing deadline for FY20 extended till December 31

The Ministry of Finance has further extended the deadline for filing income tax returns by individual taxpayers for FY 2019-20 by a month till December 31, 2020. Earlier this deadline was November 30, 2020.

In addition to this, for those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.

The extension in the deadlines will provide more time to taxpayers for furnishing of Income Tax Returns.

 

World Bank sanctions Rs 3 crore to set up India’s first Sand Dune Park in Goa

India’s first sand dune parks and interpretation centres is set to be developed in Goa.

The Goa state biodiversity board has proposed the project, which will be implemented with financial assistance from the World Bank.

World Bank has sanctioned around Rs.3 crore under the programme.

The Sand Dune park project will have interpretation centres to educate locals and tourists on the importance of the sand dune ecosystem.

Park would also have Bridges made of nature friendly material to reduce trampling on sand dune vegetation. 

Besides this, nurseries of sand dune vegetation will also be set up, which will enable its replantation on beach stretches where vegetation has gone extinct.

 

Pakistan to remain in grey list of FATF till February 2021

The global terror financing watchdog, Financial Action Task Force (FATF) has announced that Pakistan will continue to remain on its grey list till February 2021.

This decision has been taken since Pakistan has not been able to fulfil six out of the 27 mandates to check terror funding. 

FATF has strongly urged Pakistan to swiftly complete its full action plan by February 2021. 

FATF

The FATF (Headquarters: Paris, France) is an inter-governmental body set up in 1989.

Its objective is to combat money laundering, terror financing and other related threats to the international financial system.

It currently has 39 members which include two regional organizations, the European Commission and Gulf Cooperation Council.

 

India’s Rank in Global Mobile Internet Speeds Falls to 131 While South Korea Tops: Ookla

India has been ranked 131 out of 138 countries in the global mobile internet speed rankings by Ookla, the US based company behind testing the speed and performance of the internet connection of a country. India was at 121 rank in 2019.

The Ookla Speedtest Global Index shows the data as of September 2020.

As per the index, the global average download speed is calculated to be 35.26 Mbps (megabit per second) but the average download of India is just 12.07 Mbps. 

The global average upload speed and latency is 11.22 Mbps and 42 ms, India lags at 4.31 Mbps and a higher latency of 52 ms.

South Korea has topped the list with an average mobile internet speed of 121.00 Mbps.

Also, India’s global rank in fixed broadband speed has slipped from 68 in 2019 to 70 in 2020 out of 175 countries, with average

download speeds of 46.47 Mbps.

Singapore has topped this index with the download speed of 226.60 Mbps.

The global average download speed is 85.73 Mbps

 

India-assisted Mangdechhu hydroelectric project in Bhutan wins UK Engineer Body Award

The India-assisted Mangdechhu hydroelectric project in Bhutan has been awarded the prestigious Brunel Medal for 2020 by the top UK-based engineering body, Institute of Civil Engineers (ICE) to recognise excellence in civil engineering. 

The 720-MW Mangdechhu run-of-river power project is built on the Mangdechhu River in Trongsa Dzongkhag district of

central Bhutan at a cost of Rs 4,500-crore

The project was jointly inaugurated by the prime ministers of the two countries in August 2019, during Prime Minister Narendra Modi’s state visit to Bhutan.

 

Mastercard Partners with Singapore-based Atlantis to Expand Digital First Program in India

The payments technology company Mastercard has partnered with Atlantis, a Singapore-based financial technology company, for the expansion of its Digital First Program in India.

Under the Digital First Program, users will be able to use their cards/accounts for digital transactions within minutes of application, without the need to wait to receive a physical card.

The initiative will provide users with a technology solution that will enable them to enjoy a digital banking experience, from online shopping to purchase at physical stores.

The Digital First program was launched in 2019 by Mastercard in partnership with Apple.

It is enabled by a fully digital online application and issuance process, including video KYC (in collaboration with Signzy). 


 






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