Assam Tops In Budgetary Practices Followed By States: Transparency International
Assam occupied the top slot in the ranking of best practices followed by states in the Budget formulation, followed by Andhra Pradesh and Odisha, as per a survey by Transparency International.
Telangana State approves the creation of Mulugu district
The Telangana State government has approved for the creation of Mulugu as a new district. It is carved out from Bhupalpalli district. This would be the sixth district to be created from the erstwhile Warangal district. The State government has issued a notification calling for objections and suggestions from the public on December 31. The one-month period duration expired on January 30.
India-Monaco Business Forum Held in New Delhi
Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu inaugurated the Indo-Monaco Business Forum in New Delhi. The Bilateral trade between India and Monaco in 2017-18 was USD 3.01 million, and there is immense potential to scale up the bilateral trade between the two nations.
SCIENCE AND TECHNOLOGY
ISRO set to launch GSAT 31 from French Guiana
The Indian Space Research Organisation (ISRO) is all set to launch its 40th communication satellite GSAT-31 from the spaceport in French Guiana. It weighs about 2,535 kg. The satellite is scheduled for launch on board the Ariane-5 from Kourou in French Guiana. The satellite provides Indian mainland and island coverage. SAT-31 will be used for supporting Very Small Aperture Terminal (VSAT) networks, television uplinks, digital satellite news gathering, DTH television services, cellular backhaul connectivity, and many such applications. ISRO said that two Ku-band beacon downlink signals are transmitted for ground tracking purpose.
BUSINESS & ECONOMY
ADB buys 14% stake in Annapurna Finance
The Asian Development Bank (ADB) has bought a 14% stake in micro-financier Annapurna Finance for Rs 137 crore, reinforcing the belief that India’s microfinance sector is on course to attract long-term funds from global lenders and investors.
Swiggy acquires AI start-up Kint.io
Online food delivery start-up Swiggy has made its first acqui-hire in the deep technology space through an AI start-up Kint.io for an undisclosed amount. As part of this, the founding team of Kint.io will join Swiggy.
V Bharathi assumes charge as CEO of Corporation Bank
P V Bharathi, executive director of Canara Bank, has assumed charge as managing director and Chief Executive Officer (CEO) of the Mangalore-based Corporation Bank.
- She is the first woman to serve the bank in this capacity.
Former mayor Nayib Bukele wins El Salvador’s presidential election
Nayib Bukele, a former mayor of San Salvador was declared the winner in El Salvador’s presidential race, saying the country had left behind the postwar period by electing a young alternative to the two-party system.