 ICRA Ltd ousted its Managing Director and group Chief Executive Officer Naresh Takkar. ICRA has terminated the employment of Takkar with immediate effect over allegations of misconduct at the credit rating agency under Takkar. This is the first time a top official of a rating agency has been fired by the company’s board. |
| Source: The Live Mint |
 Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), has been conferred the prestigious SKOCH Governance Gold Award. It has been conferred the award for its initiative “Portal for Affordable Credit and Interest Subvention Access (PAiSA)”. DAY-NULM is a flagship mission under the Ministry of Housing and Urban Affairs. PAiSA is a centralized IT platform which simplifies and streamlines release of interest subvention under the Mission. It offers end to end online solution for processing, payment, monitoring and tracking of interest subvention claims from banks on a monthly basis. |
| Source: The Press Information Bureau |
 Government e Marketplace has signed an MoU with Small Industries Development Bank of India. The MoU aims to benefit MSMEs, women entrepreneurs, Self Help Groups, Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme. GeM and SIDBI will take steps to ensure payments within a guaranteed timeframe to sellers, enhance working capital availability through bill discounting. |
| Source: The Press Information Bureau |
 The Steel Users Federation of India has signed a MoU with the Bombay Stock Exchange to launch trading in steel futures. BSE and SUFI will work towards enlisting steel futures in both long and flat segments, which will bring stability, risk-aversion besides creating a level-playing field for all players. BSE offers trading in commodities like gold, silver, crude oil, guar, cotton and turmeric. |
| Source: The Hindu |
 IIT Guwahati has signed a Memorandum of Understanding (MoU) with RD Grow Green India Pvt for Technology transfer for safer drinking water. Drinking water contamination is a major problem in most of the states including Assam. This “chemical-free” treatment technique might be useful to the citizens in rural and urban areas as well. The technology is based on the ‘Apparatus and Method for Removal of Fluoride, Iron, Arsenic and Microorganisms from Contaminated Drinking Water’. |
| Source: The India Today |
 The Maharashtra cabinet has cleared the “vertical property rules” to create a database of all flats, buildings and commercial complexes. The “vertical property rules” would prevent property-related frauds, where one flat or commercial unit is sold or mortgaged to multiple buyers or financial institutions. All flat owners in the state will soon get supplementary property cards, which will have details such as carpet area, amenity space and bank loan information, along with their 7/12 extracts. |
| Source: The Economic Times |
 Veteran Bengali actor Nimu Bhowmik passed away. He acted characters of different shades in ‘Ganadebata’ (1979), ‘Baghini’ (1968), ‘Dadar Kirti’ (1980), ‘Guru Dakshina’ (1987). His last film, ‘Dash Mash Das Diner Galpo’. |
| Source: The Business Standard |
 Abhishek Verma and Elavenil Valarivan won the gold medal, While Saurabh Chaudhary wins bronze, in a dominant display by Indian shooters in the men’s and women’s 10m air pistol event of the World Cup at Rio de Janeiro, Brazil. |
| Source: The News on AIR |
 Liverpool Football player Virgil van Dijk has won UEFA’s Player of the Year award. He was beating Barcelona captain Lionel Messi and Juventus superstar Cristiano Ronaldo, while England footballer Lucy Bronze taking the Women’s Player of the Year award. UEFA also handed out positional awards for male players, with Van Dijk for Champions League Defender of the Season. |
| Source: The Hindu |
 Maitri Mobile app clinched the bronze medal at the Technovation Challenge. It is the world’s largest technology and entrepreneurship programme for girls, held in San Francisco, US. A team of 5 girls students nicknamed “Tech Witches” have developed a mobile app named Maitri. The aim of the app is to bring together individuals suffering from loneliness and depression and those lacking nurturing love of elderly role models. |
| Source: The Hindu |
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