1. India and the World
Tata Power JV starts Shuakhevi HPP in Georgia
Adjaristsqali Georgia LLC is a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC). It has announced commencement of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) The HPP is located in southwest Georgia.
Quick Facts: Capital of Georgia is Tbilisi
Olympic Games Tokyo 2020 postponed to year 2021
Olympic Games, Tokyo 2020 have been postponed to 23 July-8 August, 2021 This is the 32nd edition of the tournament. The decision was taken due to the COVID-19 pandemic.
Quick Facts: Thomas Bach is the President of International Olympic Committee (IOC)
3. Government Schemes
MCA introduces “Companies Fresh Start Scheme 2020”
The new scheme will provide relief to law abiding companies and the Limited Liability Partnerships (LLPs) during COVID-19 pandemic. Ministry of Corporate Affairs has also revised “LLP Settlement Scheme, 2020” These measures will reduce compliance and financial burden on companies.
Quick Facts: Nirmala Sitharaman is the Union Minister of Corporate Affairs
IMF declares global recession
The International Monetary Fund (IMF) declared that the world has clearly entered a recession phase. This is due to the COVID-19 pandemic.
Quick Facts: Kristalina Georgieva is the Managing Director of IMF.
5. India and the World
ADB to invest 100 million USD in India’s infrastructure sector
Asian Development Bank (ADB) will invest 100 million US Dollars in India’s infrastructure sector. This will be done through the National Investment and Infrastructure Fund (NIIF) of India.
Quick Facts: NIIF is India’s first sovereign wealth fund set up in 2015.
6. Science and Technology
Casualty evacuation bags developed by DRDO
Defence Research and Development Organisation (DRDO) has designed a casualty evacuation bag to transport or isolate persons infected with COVID-19. The bag is resistant to water, air and biological agents. It has been developed by DRDO’s Defence Bioengineering and Electromedical Laboratory (DEBEL).
Quick Facts: The headquarters of DRDO is in New Delhi
New Ioniser technology for disinfecting hospitals
A technology has been developed by an incubatee company of Scitech Park, Pune, under the NIDHI PRAYAS program, Department of Science and Technology. It is a negative ion generator called Scitech Airon, which helps to control microbial infections in a closed environment. The Scitech Airon ionizer machine generates approximately hundred million negatively charged ions per 8 seconds. The negative ions generated by the ionizer form cluster around microorganisms and render them inactive by disrupting their proteins.