India Positive - July 10, 2020
- July 10, 2020
India ranks 34th in JLL's Global Realty Transparency Index
India's Global Real Estate Transparency Index ranking has improved by one notch to 34 on the back of regulatory reforms, better market data and green initiatives, according to property consultant JLL.
UPI payments hit all-time high of 1.34 billion transactions in June
Payments on Unified Payments Interface (UPI) hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore (US$ 37.17 billion) in June.
PM launches Aatmanirbhar Bharat Innovation Challenge
Prime Minister of India, Mr Narendra Modi launched Aatmanirbhar Bharat Innovation Challenge to identify the best Indian Apps that are already being used by citizens and have the potential to scale and become world class Apps in their respective categories.
Indian fantasy sports platforms report three-fold jump in FY20 revenue: Study
Gross revenue of online fantasy sports operators increased three-fold to Rs 2,470 crore (US$ 350.40 million) in FY20 as compared to Rs 920 crore (US$ 130.51 million) in the previous fiscal, as per the joint report released by the Federation of Indian Fantasy Sports (FIFS) and KPMG.
National COVID-19 Recovery Rate continues to sharply improve; touches 61.53 per cent
The rate of recovery among COVID-19 patients continues to increase over the days and touched 61.53 per cent on June 8, 2020.
Indigenous Indian COVID-19 vaccines in the global race to end the pandemic
Indian institutions are engaged in research and development (R&D) for the development of vaccines in India in its fight against COVID-19. COVAXIN by Bharat Biotech along with ZyCov-D Vaccine by Zydus Cadila received approval to conduct human trials for the vaccine.
India's second coronavirus vaccine set to go into human trial on 1,000 people
India's second possible vaccine against COVID-19, ZyCoV-D, developed by Zydus' Vaccine Technology Centre, is all set to begin its human trial in late July 2020.
India Post adds highest number of outlets in five years in FY19
India Post opened 1,119 rural post offices (RPOs) in FY19, the highest in the last five years.
Cabinet approves capital infusion for the three Public Sector General Insurance Companies – Oriental Insurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited
The Union Cabinet approved the capital infusion for an overall value of Rs 12,450 crore (US$ 1.77 billion), including Rs 2,500 crore (US$ 354.66 million) infused in FY20, in the three Public Sector General Insurance Companies - Oriental Insurance Company Limited, National Insurance Company Limited (NICL), and United India Insurance Company Limited.
World Bank and Government of India sign US$ 750 million Agreement for Emergency Response Programme for Micro, Small, and Medium Enterprises
The World Bank and the Government of India signed the US$ 750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis.
NHAI to Rank Roads for Quality Service
The National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways has decided to undertake performance assessment and ranking of the highways in the country to improve quality and provide higher level of service to highway commuters.
World Bank provides US$ 400 million to enhance support for rejuvenating the Ganga
The World Bank and the Government of India signed a loan agreement worth US$ 400 million to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river.
PM addresses the inaugural session of India Global week
Prime Minister, Mr Narendra Modi addressed the inaugural session of India Global week via videoconference. Referring to the current times of crisis, the Prime Minister said India would play a leading role in the global revival. He said that this is closely linked with two factors. First is - Indian talent and second is India's ability to reform and rejuvenate.
PM to dedicate to the nation the 750 MW Rewa Solar Project
Prime Minister Mr Narendra Modi will inaugurate the 750 megawatt (MW) solar project set up at Rewa, Madhya Pradesh on July 10, 2020.
Rural sector will be transformed by constitution of 10000 Farmers’ Producer Organizations; FPOs will not only help in agricultural progress, but also create new avenues of development - Union Agriculture & Farmers’ Welfare Minister, Shri Narendra Singh Tomar
Minister of Agriculture and Farmers’ Welfare, Mr Narendra Singh Tomar introduced a new dimension in the farmers’ groups with the creation of 10,000 new Farmers’ Producer Organizations (FPOs), which will strengthen the rural economy.
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