PM SVANidhi app launched to provide micro-credit facility for street vendors at their door steps

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1.India ranks 3rd in global manufacturing locations among 48 countries

India ranks third in the list of most-suitable locations for global manufacturing among 48 countries in terms of cost competitiveness and operating conditions.China and the U.S. retain the top two positions, while India has moved one place higher to rank third.In its annual ranking of the most suitable locations for global manufacturing among 48 countries in Europe, Americas and the Asia-Pacific.India is in top-3 countries this year and an upcoming manufacturing hub globally from an operating conditions and cost-competitiveness perspective.

2.PM SVANidhi app launched to provide micro-credit facility for street vendors at their door steps

PM SVANidhi was launched in New Delhi to bring micro-credit facilities for street vendors at their door steps.PM SVANidhi Mobile App aims to provide user-friendly digital interface for lending institutions and their field functionaries for sourcing and processing loan applications of street vendors under the scheme.The  app is a step towards boosting the use of digital technology and will enable field functionaries to ensure maximum coverage of the scheme.PM SVANidhi was launched by the government on 1st of June this year, for providing affordable working capital loan to street vendors to resume their livelihoods that have been adversely affected due to COVID-19 lockdown.This scheme targets to benefit over 50 lakh street vendors who had been vending on or before 24th of March, 2020, in urban areas.Under the scheme, the vendors can avail a working capital loan of up to ten thousand rupees, which is repayable in monthly installments in the tenure of one year.

3.Uttarakhand govt to generate electricity from waste

The Uttarakhand government has decided to convert waste generated in the state to electricity under an initiative titled ‘Waste to Energy’.This waste can generate up to 5 megawatts of electricity and curb pollution.The scheme also aims to solve the problem of unavailability of landfills to dispose of the solid waste across the hill state which has 10 out of 13 districts as hill areas.At present 900 tonnes of waste is generated in the hill state every day, according to state government data.Out of the total waste generated, half is organic in nature while 17 per cent falls in a recyclable category followed by 21 per cent biomedical waste and 11 per cent of inert nature which is building material waste.

4.Tamil Nadu emerges as country’s top investment destination

Tamil Nadu got around 18.63 per cent of the total fresh investment emanated in Q1/FY21 to beat other states, signing 17 agreements in May 2020, gaining the top spot.Fresh investment flow in the state stands at Rs 18,236 crore.This included Rs 2,000 crore wind mill equipment manufacturing unit of Vivid Solaire Energy and Rs 900 crore semiconductor chips project of Polymatech Electronics in Tamil Nadu.These projects are expected to create nearly 4,000 jobs.Second-ranked Maharashtra signed 12 agreements with companies from Singapore, South Korea, and the US.

5.Transgenders in Odisha to get benefit under Madhu Babu Pension Yojana

The Odisha Government has included transgender community under Madhu Babu Pension Yojana, which aims at providing financial assistance to destitute elderly, differently-abled persons and widows in the state.Madhu Babu Pension Yojana (MBPY) is a social security scheme launched by the state government. Under this scheme, around 5,000 transgenders will receive Rs 500, Rs 700 and 900 per month as a pension under various categories depending on their age.

6.P Praveen Siddharth IRS appointed as personal secretary to President of India

The Centre curtailed the tenure of Vikram Singh, Private Secretary (PS) to President Ram Nath Kovind, and appointed him as the Joint Secretary in the Ministry of Shipping.Singh, a 1997-batch officer of Indian Railway Traffic Service (IRTS), was appointed as the PS to the President in October 2017.The Appointments Committee of the Cabinet has approved the curtailment of tenure of Singh.P Praveen Siddharth, a 2001-batch officer of Indian Revenue Service (Income Tax), has been appointed as the new PS to the President in place of Singh.Siddharth is Officer on Special Duty in the President”s Secretariat.

7.RBI approves reappointment of Shyam Srinivasan as Federal Bank MD & CEO

Reserve Bank of India (RBI) has approved the reappointment of Shyam Srinivasan as the MD & CEO of the Federal Bank, w.e.f. September 23, 2020.Srinivasan took charge as MD and CEO of the bank on September 23, 2010.He had joined the bank, equipped with the experience of over 20 years with leading multinational banks in India, Middle East and South East Asia.He has significant expertise in retail lending, wealth management and small and medium enterprises (SME) banking.He is an alumnus of the Indian Institute of Management, Kolkata, and Regional Engineering College, Tiruchirapally.

8.Gabon appoints its first woman prime minister

The president of Gabon, Ali Bongo Ondimba, has appointed the country’s first female prime minister, Rose Christiane Ossouka Raponda.Ossouka Raponda, 56, was promoted from the defence ministry and took over from Julien Nkoghe Bekale, who was appointed prime minister in January 2019.She is an economist by training who graduated from the Gabonese Institute of Economy and Finance, specialising in public finance.In 2012, she first became budget minister and then the first female mayor of the capital Libreville in 2014, as a candidate for Bongo’s Gabonese Democratic Party (PDG).

9.Priyanka Chopra Jonas appointed as ambassador for Toronto International Film Festival

Priyanka Chopra Jonas announced that she has been chosen as the ambassador of the Toronto International Film Festival (TIFF) 2020.Priyanka has joined the list of 50 celebrated filmmakers and actors who are invited as the ambassadors of the TIFF.Bollywood filmmaker Anurag Kashyap has also been chosen for TIFF 2020.