PFC and RITES signs MoU for strategic partnership
Current Context: Power Finance Corporation (PFC), a Maharatana CPSU and India’s leading NBFC, has entered into a Memorandum of Understanding (MoU) with RITES Limited, a premier engineering consultancy company, to establish a strategic partnership for financing infrastructure and logistics sector projects in India and abroad.
Key Points
- The MoU will enable both the companies to explore consultancy opportunities for various Government Bodies, Private Entities and Multilateral Funding Agencies.
- The collaboration will focus on identifying, evaluating, and funding projects in transportation, logistics, energy and allied infrastructure.
- The MoU was signed on May 26, 2023 in the presence of Ravinder Singh Dhillon, CMD, PFC, Rahul Mithal, CMD, RITES, Directors of PFC & other senior Officials of both Companies.
Maharashtra Chief Minister Eknath Shinde announced that Ahmednagar city would be renamed ‘Ahilyanagar’
Current Context: Maharashtra Chief Minister Eknath Shinde announced on Wednesday (May 31) that Ahmednagar city would be renamed Ahilyanagar after the Maratha warrior queen Ahilyabai Holkar.
Key Highlights
- The announcement was made on the occasion of the 298th birth anniversary of the 18th century ruler of Malwa’s Holkar dynasty.
- Ahilyabai Holkar was a remarkable woman who is remembered for her contributions to women’s empowerment, education, social welfare, and temple construction.
- She was known for her good governance, justice, and generosity. She built and restored many temples, ghats, wells, and forts across India. She also patronized art, literature, and education.
India has joined the Centralised Laboratory Network (CLN)
Current Context: The Centralised Laboratory Network (CLN) is a global network consisting of 15 partner facilities in 13 countries. It operates under the umbrella of the Coalition for Epidemic Preparedness Innovations (CEPI).
Key Facts
- The primary objective of the CLN is to test vaccines that can be utilized during pandemics and epidemic disease outbreaks.
- India has joined the CLN through the Indian Council of Medical Research-National Institute of Virology (ICMR-NIV).
- This will help India to access standardized methods and materials for testing vaccines against emerging infectious diseases and also support regional outbreak preparedness infrastructure
Bajaj Allianz Life Insurance Launches India’s 1st Insurance Plan for Diabetics
Current Context: Bajaj Allianz Life Insurance has launched India’s first term insurance product designed for Type 2 diabetics and pre-diabetic individuals.
Details
- The plan is called Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c and it covers individuals whose HbA1c levels are up to 8%.
- The plan also offers a 10% reduction on renewal premiums for those who demonstrate improvement in their HbA1c levels.
- The plan aims to provide financial security for the family of diabetics and also support them with health management services
JSW Steel becomes 1st Manufacturer to get CII’s GreenPro Ecolabel
Current Context: JSW Steel, a leading integrated steel manufacturer in India, has received GreenPro ecolabel for its ‘Automotive Steel’ products.
About
- The GreenPro ecolabel, developed by the Confederation of Indian Industry’s (CII) Green Business Centre, recognizes the highest standards of environmental sustainability and product performance in the Indian manufacturing sector.
- JSW Steel is the first manufacturer to achieve this certification for its ‘Automotive Steel’ products.
- This shows JSW Steel’s commitment to producing high-quality, sustainable steel solutions for the automotive industry.
This digest is not complete. Read the complete digest on the General Awareness Course.
