18 June, 2020
India is 9th largest recipient of FDI in 2019 with $51 billion; US topped: UN-World Investment Report 2020
In accordance with the “World Investment Report 2020” by United Nation’s (UN) trade body, the UN Conference on Trade and Development (UNCTAD), India has become the 9th largest recipient of foreign direct investment (FDI) in 2019 after receiving $51 billion last year, an increase of 20% from the 42 billion dollars of FDI received in 2018.
ii.India is the largest South Asian recipient of FDI in 2019.
India to construct Rs 2.33 cr sanitation facility at Nepal’s iconic Pashupatinath Temple
India has extended its financial aid by NR (Nepalese rupee) 37.23 million(i.e. Equivalent of Rs.2.33 cr INR) for the construction of the sanitation facility for the pilgrims at the Pashupatinath Temple in Kathmandu, Nepal. In this regard, a MoU has been inked between the Indian Embassy, Nepal’s Ministry of Federal Affairs and General Administration and the Kathmandu Metropolitan City.
HDFC Ergo & Tech firm Tropogo Jointly Launches India’s 1st ‘pay as you fly’ Insurance For Drones
HDFC ERGO General Insurance Company, the country’s third-largest non-life insurance provider has joined hands with UK based tech firm TropoGo Limited to launch India’s 1st ‘Pay as you Fly’ insurance for drone-owners in India.
Asian Infrastructure Investment Bank Approves 2nd Loan of USD 750 Million under COVID-19 CRF to India
Asian Infrastructure Investment Bank(AIIB) approved a 2nd loan of USD 750 million to India under the bank’s USD 10 billion COVID-19 Crisis Recovery Facility(CRF); Till now India has received USD 1.25 billion dollar under the COVID-19 CRF.
DK Jain, BCCI’s 1st Ever Ombudsman Gets a 1-year Extension as Ethics Officer and Ombudsman
The tenure of former supreme court judge DK Jain as the ethics officer and ombudsman of Board of Control for Cricket in India(BCCI) got a 1year extension in June 2020 due to the current covid-19 situation. He was the first-ever ombudsman of BCCI appointed by the supreme court in February 2019.
Indian Startups Stellapps and Zestmoney are a Part of the World Economic Forum’s List of Technology Pioneers of 2020
Two Indian startups Stellapps and Zestmoney were featured in the List of Technology Pioneers of 2020, released by the World Economic Forum(WEF) which consist of pioneers addressing the global issues with advanced technologies.