Current affair of 27th July 2019

1. India, Saudi Arabia held discussions on bilateral hydrocarbon cooperation

Petroleum and Natural Gas Minister Dharmendra Pradhan today held discussions with Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih to further enhance bilateral hydrocarbon cooperation. Both the Ministers discussed further enhancing India-Saudi Arabia hydrocarbon cooperation to become a strong pillar of the existing overall strategic partnership between the two countries. An official release said, during the meeting Minister Al-Falih emphasized the need for capitalizing on the growing momentum in bilateral hydrocarbon cooperation.

2. Western Railways first printing press heritage gallery opened at Mahalaxmi, Mumbai

The Western Railway (WR) has thrown open to public the first printing press heritage gallery of the Indian Railways at Mahalaxmi here. "Western Railway has opened the first of its kind printing press heritage gallery at Mahalaxmi in Mumbai. This unique heritage gallery was inaugurated by V P Pathak, member (Materials Management) of the Railway Board during his recent visit to Mumbai," a statement issued by Ravinder Bhakar, chief public relations officer of the WR said on Wednesday.

3. Approval given to national permit scheme for inter-state travel for bus operators

Union Transport Minister Nitin Gadkari yesterday said, the government has approved the national permit scheme for inter-state travel for bus operators. The move is likely to increase the state revenue by 3-4 per cent as the money will be directly credited to the states in a proportionate manner. Minister was attending the India International Bus and Car show, Prawaas 2019 in Mumbai. The minister announced that the government will soon provide the online facility of obtaining a permit for the electric vehicles including buses, car taxis, autos and bike taxis.

4. 23 self-styled and unrecognized universities announced by the University Grants Commission

The University Grants Commission (UGC) has released a list of 23 "self-styled, unrecognised" universities, eight of which are in Uttar Pradesh. The higher education regulator has warned students against taking admission in these institutions. "Students and public at large are hereby informed that at present 23 self-styled, unrecognised institutions are functioning in various parts of the country in contravention of the UGC Act," UGC Secretary Rajnish Jain said.

5. IIM Calcutta Inks MoU With Two Foreign Universities for research and cultural understanding

Indian Institute of Management Calcutta has signed two Memorandum of Understanding with. Carleton University, Canada and Montpellier Business School, France under its Student Exchange Programme (STEP). The MoU was signed in view of the common interest in the field of higher education and fostering advancement in teaching, research, cultural understanding. "It also helps them gain valuable knowledge in a diverse ecosystem and enables them to know about their peer group at the partner institute. This helps them sharpen their practical skills, equips them with the ability to work in culturally diverse teams and contributes largely to their personal and professional development." He further added

6. INS Tarkash reached Saint Petersburg, Russia to take part in the Russian Navy Day parade

The Indian Navy is being represented at the Russian Navy Day Parade 2019, by a delegation led by Vice Admiral Ajit Kumar P, Flag Officer Commanding-in-Chief, Western Naval Command and INS Tarkash. Indian Naval Ship Tarkash arrived at St. Petersburg in Russia on Thursday to participate in the Russian Navy Day Parade, seeking to bolster the robust ties between the two countries, officials said. The ship was welcomed into harbour by officials from the Russian Navy with a live performance by the Russian Naval Band.

7. Jordan opens its first underwater military museum

Sunken tanks, a troop carrier and a submerged helicopter: Jordan on Wednesday opened its first underwater military museum off its Red Sea coast. The kingdom is hoping the 19 decommissioned pieces of military hardware, submerged at depths up to 28 metres (92 feet), will attract tourists to the already popular diving resort of Aqaba. The Underwater Military Museum Dive Site includes several tanks, an ambulance, a military crane, a troop carrier, an anti-aircraft battery, guns and a combat helicopter, the Aqaba Special Economic Zone Authority (ASEZA) said.

8. Cars24 gets RBI NBFC license to offer loans against used cars

Used car buying and selling platform Cars24 has announced that it has procured an NBFC License from RBI and will be venturing into the consumer lending business. It will do so through the formation of a separate entity - Cars24 Financial Services Pvt. Ltd under the Cars24 group. The company will be launching its services in Delhi, Mumbai and Bangalore in August 2019 and will scale up to the other cities gradually. While the customers will be eligible for credit based on the car value they are buying, channel partners will be eligible to credit of up to Rs 1 crore depending upon their requirement. For consumers, the average ticket size of a loan would be Rs 2.5-3 lakh.

9. Indian government’s NHA and NATHEALTH signs MoU under Ayushman Bharat scheme

The partnership between National Health Authority (NHA) and the Healthcare Federation of India (NATHEALTH) aims to streamline all innovations ensuring that it increases the efficacy of service delivery of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).  The partnership between National Health Authority (NHA) and the Healthcare Federation of India (NATHEALTH) aims to streamline all innovations ensuring that it increases the efficacy of service delivery of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).

10. Inaugural Tribute actor award won by Meryl Streep in TIFF 2019

Meryl Streep will be honored at the 2019 Toronto Film Festival, where she will receive the inaugural Tribute Actor Award. The Oscar and Emmy-award winner will be feted Sept. 9 at TIFF's Tribute Gala, a festival fundraiser. Streep will also be in Toronto to tout her latest film, Steven Soderbergh's The Laundromat, the Panama papers thriller set to receive a North American premiere at the festival. "Meryl Streep is undoubtedly one of the most talented and versatile actors of her generation.

11. 3rd edition of CSR Journal Excellence Awarded to 6 firms

Speaking at the event, Union Minister of Agriculture and Farmer Welfare, Rural Development and Panchayat Raj, Narendra Singh Tomar, said the role of agriculture in the scope of corporate social responsibility (CSR) in India was an important area that needed further impetus if India had to achieve its $5 trillion economic goal, according to a press release. In the third edition of awards, instituted by The CSR Journal, a digital and print news publication, there were six categories — education and skill training, women empowerment and child welfare, agriculture and rural development, sports, health and sanitation and environment.

12. Chinise startup Glory Space Technology launched first private rocket capable of carrying satellites

A Chinese startup successfully launched the country's first commercial rocket capable of carrying satellites into orbit Thursday, as the space race between China and the US heats up. Beijing-based Interstellar Glory Space Technology—also known as iSpace—said it launched two satellites into orbit around 1:00 pm Beijing time (0500 GMT) from Jiuquan, a state launch facility in the Gobi desert. The three-year-old company is one of dozens of Chinese rivals jostling for a slice of the global space industry, estimated to be worth about $1 trillion by 2040 according to Morgan Stanley.

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