IMF to Provide $4.5 bn Loan for Bangladesh to Combat Economic Crisis
Bangladesh and the IMF reached a preliminary agreement under which the global lender will provide a $4.5 billion support package to stabilise its economy and protect the vulnerable people.
The IMF agreement came months after discussions between the global lender and Bangladesh officials.
Bangladesh is the third South Asian nation after Sri Lanka and Pakistan to secure a bailout package from the IMF to tide over the sharp rise in food and energy prices caused by the coronavirus pandemic and the global inflation due to the Russia-Ukraine war.
Dhanlaxmi Appoints 3 New Directors in Board, Paves the Way for Rights Issue
The board of Dhanlaxmi Bank inducted three independent directors and this opened the gates for its proposed rights issue. The issue was stuck since the bank did not have the requisite number of board members and also a women director.
The bank plans to raise Rs. 128 crore through the rights issue to boost its capital adequacy ratio, which was 12.32 per cent as on end-September.
The three new directors are K.N. Madhusoodhanan, Sreesankar Radhakrishnan and Nirmala Padmanabhan, the bank informed.
Amazon Becomes World's First Public Firm to lose $1 Trillion in Market Cap
Amazon.com Inc. is the world's first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.
Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak.
BEE, SIDBI to Jointly Promote Energy Efficiency Financing for MSMEs
The government body for energy efficiency Bureau of Energy Efficiency (BEE) under the Ministry of Power signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for MSMEs.
The MoU will aim to promote energy efficiency financing for MSMEs and explore the internet of things (IoT)-based solutions, greening MSMEs, capacity building of various stakeholders, etc.
To encourage MSME units to undertake energy saving investments in plant and machinery to reduce energy consumption, enhance energy efficiency, reduce CO2 emissions, and improve the profitability of the units in the long run.
ISRO Increases Carrying Capacity of its GSLV-MkIII Rocket by 450kg
Indian space agency (ISRO) increased the carrying capacity of its LVM3 (GSLV MkIII) rocket by 450 kg with additional propellant loading of its cryogenic engine CE20.
According to ISRO, the CE20 cryogenic engine indigenously developed for LVM3 has been subjected to successful hot test at an uprated thrust level of 21.8 tonne for the first time earlier in November.
Anthony Sinisuka Wins Men's singles Title at 2022 Hylo Open
Anthony Sinisuka star shuttler from Indonesia won the (badminton) HYLO Open 2022 men's title to bag his second title of the season.
Four months after taking the Singapore Open in July, the world number six defeated third-seeded Chou Tien-Chen (Chinese Taipei) 18-21, 21-11, 24-22 in Saarbrucken, Germany.
Han Yue won the women's singles title.
Han Yue from the People's Republic of China beat Zhang Yi Man 21-18, 21-16 ending the incredible run of her compatriot.
Mother Tongue Survey of India, Involving 576 Languages
The Ministry of Home Affairs (MHA) completed the Mother Tongue Survey of India (MTSI) with field videography of the country's 576 languages.
"In order to preserve and analyse the original flavour of each indigenous mother tongue, it has been planned to set up a web-archive at the National Informatics Centre (NIC)," said the Home Ministry's annual report for 2021-22.
According to the report, the Mother Tongue Survey of India is a project that surveys the mother tongues, which are returned consistently across two and more census decades. It also documents the linguistic features of the selected languages.
The report stated that the NIC and the National Film Development Corporation (NFDC) will be documenting and preserving the linguistic data of the surveyed mother tongues in audio-video files. Video-graphed speech data of Mother Tongues will also be uploaded on the NIC survey for archiving purposes.
LS Speaker Om Birla Inaugurate CIC Annual Convention
Lok Sabha Speaker Om Birla inaugurated the annual convention of Central Information Commission, "Azadi Ka Amrit Mahotsav: Citizen Centric Governance through RTI", at Vigyan Bhawan, New Delhi.
Central Information Commission organises an annual convention every year during October-November. The convention not only provides an opportunity and a forum for stakeholders to meet and discuss critical issues related to transparency, governance, right to information and other related issues but also contributes significantly towards the broadening and deepening of the RTI regime.
Right to Information implies the participation of people in the process of governance and administration which becomes inevitable. It is most popular, citizen centric and change oriented law in Indian administrative history.
Indian Army Launches Single Window Facility for Welfare, Grievance Redressal of Army Wives
Taking yet another step in leveraging technology, the Indian Army launched a single window facility "Veerangana Sewa Kendra" (VSK) for welfare and grievances redressal of army wives.
The project was inaugurated by President Army Wives Welfare Association (AWWA) at the premises of the Directorate of Indian Army Veterans (DIAV) premises located at Delhi Cantt.
Veerangana Sewa Kendra (VSK) will be available as a service to the Indian Army Veterans Portal www.indianarmyveterans.gov.in. The system caters for registering grievances with tracking, monitoring and regular feedback to the applicant.
Athlete Neeraj Chopra Signs up as 'Friendship Ambassador' of Switzerland
Switzerland Tourism appointed Olympic gold medalist Neeraj Chopra as its 'Friendship Ambassador' to showcase and promote locations in the country to Indian travellers. Chopra will share his experiences in the country to showcase it as the ideal destination for outdoors and the best destination for hiking, biking, soft and extreme adventure and of course snow sports.
In India, National Education Day is celebrated every year on November 11 as it marks the birth anniversary of Maulana Abul Kalam Azad, who was India's first Education Minister after independence.
The day is observed to celebrate the work done by Maulana Abul Kalam Azad in the education sector during his tenure as the Education Minister.
As the first Indian Education Minister, Azad's main focus in post-independence India was educating the rural poor and girls.
The theme for National Education Day 2022 was "Changing Course, Transforming Education."
YKC Wadiyar Receives International Kannadiga Rathna Award 2022
Member of the erstwhile royal family, Yaduveer Krishndatta Chamaraja (YKC) Wadiyar was selected for the International Kannada Rathna award. It is presented annually by Dubai Kannadigas to mark Kannada Rajyothsava. The award will be presented to YKC Wadiyar during Vishwa Kannada Habba on November 19 at Sheikh Rashid Auditorium in Dubai, United Arab Emirates, in association with Kannadigaru Dubai Sangha as part of celebration of the 67th Kannada Rajyothsava. Besides, Vishwamanya Award would be presented to achievers in various fields.
The University Grants Commission (UGC) announced new regulations on PhD (Doctor of Philosophy) degrees called "University Grants Commission (Minimum Standards and Procedures for Award of PhD Degree) Regulations, 2022". These rules will replace the rules notified in 2016.
Under the new rules, UGC has made a series of significant modifications to the eligibility requirements, admissions process, and evaluation methodologies governing doctoral programmes in colleges and universities.
According to the notification, the rules are applicable with the immediate effect.
Students who have completed a four-year undergraduate course will be eligible for direct admission to a doctorate programme.
Candidate should have a minimum of 75 per cent marks in "aggregate or its equivalent grade on a point scale wherever the grading system is followed". In case the candidate does not have 75 per cent marks in a four-year undergraduate program, she/he has to pursue a one-year master's programme and score at least 55 per cent.
The new Rules discontinue the M.Phil programme altogether. However, that will have no bearing on those holding or pursuing M.Phil degrees currently.
Goa Chief Minister Pramod Sawant Launches Purple Fest Logo
Chief Minister Pramod Sawant launched logo of Purple Fest at a function held in Manohar Parrikar Memorial Hall of Sanjay Centre for Education, Porvorim. The event was organised by the Office of State Commission for Persons with Disabilities Goa in collaboration with Directorate of Social Welfare and Entertainment Society of Goa. Goa Government is delighted to introduce Purple Fest – Celebrating Diversity, a first-of-its-kind inclusive festival that embraces, expresses and celebrates persons with disabilities. Government will provide 100 per cent facilities to the Divyangs in the state.
The three-day event is to kick start in January, 2023.
A new book titled "Winning the Inner Battle Bringing the Best Version of you to Cricket" is authored by Shane Watson. This book gives you all of the information that you will ever need to deeply understand how to bring the best version of yourself every time your best performance is needed.
Shane Watson is one of Australian cricket's finest all-rounders, who represented his country 298 times. Shane Watson's new book, Winning the Inner Battle, which explores the mental side of the game through his own experiences of revitalising his career after he had considered retirement in 2015.
Govt Appoints 15 Judicial, Technical Members at National Company Law Tribunal
The government appointed a total of 15 judicial and technical members at the National Company Law Tribunal (NCLT), which is grappling with a shortage of judges.
The NCLT adjudicates matters related to the Insolvency and Bankruptcy Code (IBC) and companies law.
As many as 9 judicial members and 6 technical members were appointed to the NCLT.
These members were appointed for a period of five years from the date of taking charge or till they attain the age of 65 years, whichever is earlier.
The NCLT has a total of 28 benches, with a sanctioned strength of 63 members. This includes 31 each from the judicial and administrative sides along with its president, who heads the principal bench in New Delhi.