Centre announces 30 more Smart Cities
- 30 more cities from across the country have been added to the Centre’s Smart Cities Mission.
- Marking the second anniversary of the launch of the Smart Cities Mission, Union Urban Development Ministery announced the new smart cities.
- It is the third round of the scheme.
- Now the total number of smart cities increases to 90.
ISRO puts 31 satellites in space
- The Indian Space Research Organisation (ISRO) successfully launched 31 satellites from the Satish Dhawan Space Centre.
- 29 of the satellites belong to foreign countries
- Rocket Name: PSLV-C38
- Rocket carried the Cartosat-2 series satellite(a remote sensing satellite), the main payload, weighing 712 kg
- And another Indian satellite, NIUSAT, an Indian university/academic institute satellite from Noorul Islam University, Kanyakumari
- The other 29 nano satellites belonged to 14 nations — Austria, Belgium, Chile, Czech Republic, Finland, France, Germany, Italy, Japan, Latvia, Lithuania, Slovakia, the U.K., and the U.S.
Vocab from the ArticleCater: provide with what is needed or required.
As used in the Article: “Initially it [PSLV] was designed to put satellites in sun synchronous orbit… we could establish it could *cater* to any type of orbit – Geo Synchronous, Sun Synchronous orbit or low inclination orbit, carrying multiple satellites; Everything has been established. I’m sure this will be a major attraction for foreign customers,” Mr. Jayakumar said.
Premji to get Carnegie Medal for philanthropy
- Wipro Chairman Azim Premji is among the recepients of this year’s Carnegie Medal, for his efforts to reform India’s public school system.
- Mr. Premji is among the nine recipients recognised “for their outstanding and innovative leadership in philanthropy”.
- Carnegie Medal is considered the most prestigious prize in philanthropy.
- The Carnegie Medal of Philanthropy was established in 2001 and is awarded every two years.
Vocab from the ArticleSynergy: the interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects
As used in the Article: “The foundation’s university and field institutions work *synergistically* toward the goal of creating a more equitable and just India,” the statement said.
Lenders clear $12.8 billion sale of Essar Oil to Rosneft
- A joint lenders forum (JLF) led by State Bank of India and ICICI Bank has approved and authorised the sale of Essar Oil to Russian energy major Rosneft and a consortium of Trafigura and United Capital Partners.
Panel to oversee progress in UN’s SDG
- The Centre will soon set up a high-level committee to oversee the country's progress towards UN’s Sustainable Development Goals aimed at ending poverty, fighting inequalities and tackling climate change.
- The Committee will be headed by Chief Statistician of India.
- A dashboard is also being developed with technical support from the UN Development Programme (UNDP) to “strengthen the mechanism” for monitoring progress on these global goals
M-banking now under ombudsman’s purview
- The Reserve Bank of India has widened the scope of the Banking Ombudsman Scheme 2006.
- Now, a customer can lodge a complaint against the bank for non-adherance to instructions related to mobile banking and electronic banking services.
- Important: The RBI has increased the power of the Banking Ombudsman to pass an award from the existing Rs. 10 lakh to Rs. 20 lakh.
Vocab from the ArticlePecuniary: relating to or consisting of money.
As used in the Article: The banking regulator also said that the *pecuniary* jurisdiction of the Banking Ombudsman to pass an award has been increased from the existing Rs. 10 lakh to Rs. 20 lakh.
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