1.National Affairs

India’s longest river ropeway inaugurated in Assam

India’s ropeway is 1.8 km long and connects Guwahati and North Guwahati over Brahmaputra river

It will:

  1. Shorten the travel time between Guwahati and North Guwahati.
  2. Increase tourism in Guwahati, including the Umananda Temple on Peacock island

 

2.Economy

ICICI Lombard and Bharti AXA to merge their general insurance businesses

ICICI Lombard General Insurance Company and Bharti AXA General Insurance Company will be merging their businesses

Post merger, they will have an expected market share of 8.7% in the non-life insurance business.

This will make them the third largest non-life insurer in India.

Quick Fact: MD and CEO of Bharti AXA General Insurance is Sanjeev Srinivasan, and that of ICICI Lombard General Insurance is Bhargav Dasgupta.

 

3.Miscellaneous

New Book Release: One Arranged Murder: Authored by Chetan Bhagat

Chetan Bhagat will be publishing his new book, One Arranged Murder, by end of September 2020

The book narrates the story of a murder mystery in the backdrop of an arranged marriage

This is Chetan Bhagat’s ninth novel and eleventh book.

 

4.Miscellaneous

New Book Release: Gastric Cancer: Authored by Jitendra Singh

Jitendra Singh is the Minister of State for the Ministry of Development of North Eastern Region

He has released a book called Gastric Cancer edited by Dr Ashok K. Vaid

Dr. Ashok K. Vaid is a noted oncologist who received the Padma Shri in 2009

 

5.Economy

Anand Mahindra and Shantanu Narayen selected for 2020 Leadership Awards by USISPF

Anand Mahindra is the chairperson on Mahindra Group

Shantanu Narayen is Adobe’s Chairman and CEO

Both of the above have been selected for the 2020 Leadership Awards by the US-India Strategic Partnership Forum (USISPF)

Quick Fact: This is the third Annual Leadership Summit of USISPF, and has the theme ‘US-India Week: Navigating New Challenges’

 

6.Environment

One Sun, One World, One Grid Project

The project is a trans-national electricity grid supplying solar power project which receives technical assistance from World Bank

The project involves building interconnected solar resources in:

  1. Phase I:  cross border energy trade in India’s neighbourhood
  2. Phase II: Middle East, South Asia and South East Asia that are inter connected with African power pools
  3. Phase III: Global interconnectedness

The project was ideated by PM of India in 2018 during the International Solar Alliance