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Current Affairs 8th March 2018

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NITI Aayog launches Women Entrepreneurship Platform on International Women’s Day

NITI Aayog launched the Women Entrepreneurship Platform (WEP), on the occasion of International Women’s Day today. The initiative is aimed at building an ecosystem for women across India to realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses


PM launches National Nutrition Mission, and pan India expansion of Beti Bachao Beti Padhao, at Jhunjhunu in Rajasthan

On the occasion of International Women’s Day, the Prime Minister, Shri Narendra Modi launched the National Nutrition Mission and Pan India Expansion of Beti Bachao Beti Padhao (BBBP) covering all 640 districts of the Country at a mega event held at Jhunjhunu in Rajasthan today.

The Prime Minister also awarded ten districts for showing outstanding performance in the areas of effective community engagement, enforcement of PC&PNDT Act and enabling education of the girl child.


Inland Waterways Authority of India proposes to develop a“freight village” in Varanasi

The Inland Waterways Authority of India proposes to develop a“freight village” in Varanasi. The objective of the project is to support economic development in the hinterland of the multimodal terminal at Varanasi and reduce logistics cost in the Eastern Transport Corridor and its influence zone.  It envisages establishment of multimodal logistics hub in Varanasi to promote the use of waterway transport on river Ganga (NW-1) between Haldia and Varanasi and of rail transport on Eastern Dedicated Freight Corridor (EDFC) in the North bound direction which facilitates movement of freight from road to water and rail.


Udyam Sakhi Portal Launched for Women Entrepreneurs

On the occasion of International Women’s Day today, March 8,the Ministry of Micro, Small and Medium Enterprises(MSME) launched a portal for women entrepreneursof India: The portal was unveiled by the Minister of State (Independent Charge) of MSME, Giriraj Singh, in a program today at the Ambedkar International Centre, New Delhi. The Minister said that India has around 8 million women who have started and are running their own businesses and the Ministry of MSME believes that the women in India can play a vital role in the growth of the Indian economy.


Government has approved setting up of 9 Research Parks in IIT’s

Government has approved setting up of 9 Research Parks one each at IIT Madras, IIT Kharagpur, IIT Bombay, IIT Gandhinagar, IIT Delhi, IIT Guwahati, IIT Kanpur, IIT Hyderabad, and IISc Bangalore.  IIT Madras Research Park, which is fully functional with 43 R&D clients, 4 Incubators, 55 Startups, and 5 Centres of Excellence was established at a total cost of Rs. 447.66 crore, which includes grants-in-aid of Rs.137 crore from the Government. The Research parks at IIT Kharagpur and IIT Bombay are under construction at a cost of Rs.100 crore each, out of which a sum of Rs.100 crore has been released to IIT Kharagpur and Rs.33 crore to IIT Bombay. IIT Gandhinagar Research Park currently under construction has been approved at a cost of Rs.90 crore with full funding from the Department of Science & Technology, which has released a sum of Rs.40 crore as on date.  Remaining five new Research Parks have been approved recently at a cost of Rs.75 crore each, out of which, a sum of Rs.5 crore each has been released.


I – Metros’ -an association of all Indian Metro Rail companies launched by cabinet secretary

I-METROS”, an association of all Indian Metro Rail companies was launched by Sh. P K Sinha, Cabinet Secretary, Government of India at the Conference on “Indian Metros: Collaborating for Excellence” held at Metro Bhawanhere today. The platform will be a forum for exchange of ideas, pooling of knowledge and sharing of experience, best practices, innovations etc. among the Indian Metro Rail companies to nurture excellence in performance. Secretary, Ministry of Housing and Urban AffairsSh. DurgaShankerMishra,DMRC’s Managing Director, Dr. Mangu Singh and representatives from Metro organizations from all over the country were also present on the occasion.


Direct Tax collections for F.Y. 2017-2018 show growth of 19.5% up to february, 2018

The provisional figures of Direct Tax collections up to February, 2018 show that net collections are at Rs.7.44 lakh crore which is 19.5% higher than the net collections for the corresponding period of last year.

 The net Direct Tax collections represent 74.3% of the Revised Estimates of Direct Taxes for
​the Financial Year 2017-18 which stand at Rs. 10.05 lakh crore.

Gross collections (before adjusting for refunds) have increased by 14.5% to Rs.8.83 lakh crore during April 2017 to February 2018. Refunds amounting to Rs.1.39 lakh crore have been issued during April 2017 to February 2018.


Government announces launch of ‘SUVIDHA’ – Rs. 2.50, 100% Oxo-biodegradable Sanitary Napkin – under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP)

Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar announced the launch of ‘Suvidha’, the 100% Oxo-biodegradable Sanitary Napkin, under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), here today. The affordable sanitary napkin will be available for Rs. 2.50 per padat over 3200 Janaushadhi Kendrasacross India and would ensure ‘Swachhta, Swasthya and Suvidha’for the underprivileged Women of India. This step taken by the Department of Pharmaceuticals will ensure the achievement of Prime Minster Shri Narendra Modi’s vision of Affordable and Quality Healthcare for All, the Minister said while addressing the media.


IIIDEM organizes 12-day training programme on ‘Capacity Development for Election Management’ for ITEC countries, in association with MEA

The India International Institute for Democracy and Election Management (IIIDEM) is conducting a training programme on ‘Capacity Development for Election Management’ under the Indian Technical and Economic Cooperation (ITEC) programme of the Ministry of External Affairs (MEA), Government of India. The programme is being held from 5thto 16th March, 2018. As many as 29 senior and mid-level officials from EMBs of 21 ITEC countries are participating in the programme.


Maxxis Tyres launches first Indian plant, to invest ₹2,640 cr

Maxxis Rubber India, a unit of Taiwan-based Maxxis Group, on Wednesday launched its first manufacturing plant at Sanand, Gujarat with an investment of around 2,640 crore.

Of the entire investment of $400 million (around 2,640 crore), the company has invested $320 million initially for its first phase, which will have a production capacity of 20,000 two-wheeler tyres and 40,000 tubes a day, according to company spokesperson Jia-Ciao Liou.


Lupin signs research pact with CSIR-NCL, Dept of Science & Tech

Pharma major Lupin has signed an agreement with CSIR-National Chemical Laboratory (CSIR-NCL, Pune) and Department of Science and Technology, (DST, Delhi) for conducting research on a continuous purification process development of a biosimilar monoclonal antibody therapeutic (mAb).

Through this research collaboration, CSIR-NCL and Lupin would together work towards the development of a novel continuous purification process for manufacturing mAb therapeutics.


Blackstone appoints Dalip Sehgal as Nexus Malls CEO

Global PE major Blackstone Group has appointed Dalip Sehgal as Chief Executive Officer of its fully-owned subsidiary, Nexus Malls.

Sehgal joins Nexus Malls from Graviss Group, where he served as Managing Director. He would be responsible for overall operations of all the assets of Nexus and drive expansion across geographies.


India ranks 52 in Mastercard women entrepreneurs index

India ranked 52 among 57 countries studied for the Mastercard Index of Women Entrepreneurs (MIWE), showed the findings of its second edition released on Wednesday.

The latest ranking for India remains unchanged from the previous year.


Washington becomes 1st state to approve net-neutrality rules

Wash. — Setting up a likely legal fight with the Trump administration, Washington has become the first state to enact its own net-neutrality requirements.

The Federal Communications Commission voted in December to gut U.S. rules that meant to prevent broadband companies such as Comcast, AT&T and Verizon from exercising more control over what people watch and see on the internet.


SIDBI, CSC Partner To Offer MSME Credit Portal Udyamimitra

The Small Industries Development Bank of India (SIDBI) signed an MoU with CSC egovernance Services (CSCeGS) to take Udyami Mitra portal to the unserved and the underserved MSMEs.
Udyamimitra is a portal to improve the accessibility of credit for the MSMEs. It allows entrepreneurs to apply for a loan without physically visiting bank branches.


4th India-Europe 29 Business Forum Held In New Delhi

The fourth India-Europe 29 Business Forum (IE29BF) took place in New Delhi. The Forum was created for the first time in 2014 by Ministry of External Affairs and Federation of Indian Chambers and Commerce (FICCI) to provide an institutionalized platform for promoting business exchanges between India and the twenty-nine countries
of Central Europe region.


World ATM Congress 2018 Held In Spain

The Airports Authority of India (AAI) is participating in World ATM Congress (WATMC) 2018 being held in Spain.
Now entering its sixth year, World ATM Congress is the world’s largest international air traffic management (ATM) exhibition and conference attracting thousands of delegates each year.


Micro tie up with Bangalore for its 1st renewable energy deal in India

Tech giant Microsoft has inked its first renewable energy deal in India for powering its new facility in Bengaluru.
The facility, which will be operational starting June, is spread over 5.85 lakh square feet

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