The University Grants Commission (UGC) approved a new initiative- Scheme for Trans-disciplinary Research for India's Developing Economy (STRIDE) in order to boost research culture in India.
STRIDE will provide support to research projects that are socially relevant, logically need-based, nationally important and globally significant.
The objective is to identify young talent, strengthen research culture, build capacity, promote innovation, support trans-disciplinary research and to fund multi-institutional network high-impact research projects in humanities and human sciences.
Ola Electric vehicle arm, Ola Electric Mobility has secured a funding around $250 million from SoftBank.
With this, Ola Electric has become the newest unicorn of India, joining the list of companies like Flipkart, Zomato and Paytm.
About Ola Electric
CEO - Bhavish Aggarwal
About Softbank Corp.
CEO - Ken Miyauchi
Chairman - Masayoshi Son
Reserve Bank of India has imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank for non-compliance with KYC requirement and norms for opening of current accounts.
Panjab National Bank, Allahabad Bank, and UCO Bank have been fined Rs 50 lakh each, while the penalty of Rs 25 lakh imposed on Corporation Bank.
Founded - 1 April 1935, Kolkata
Headquarters - Mumbai
Governor - Shaktikanta Das (25th)
Tagline - The name you can bank upon
Founded - 19 May 1894
Headquarters - New Delhi
MD & CEO - Sunil Gupta
About Allahabad Bank
Tagline - A tradition of trust
Founded - 24 April 1865
MD & CEO - Malikarjuna Rao
About UCO Bank
Tagline - Honours yours Trust
Founded - 6 January 1943
Headquarters - Kolkata
MD & CEO - Atul Kumar Goel
State Bank of India has signed Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund (NIIF) to provide financing solutions to the infrastructure sector.
The tie-up helped in equity investments, project funding, bond financing, renewable energy support, and take-out finance for operating assets.
The objective of this initiative is to fill the gap at a time when the availability of equity and debt financing for infrastructure has moderated,
Founded - 1 July 1955
Headquarters - Mumbai
Chairman - Rajnish Kumar
Founded - February 2015
Headquarters - Mumbai
MD & CEO - Sujoy Bose
The Uttarakhand government has launched a one-time settlement scheme in a bid to recover stressed loans, for those who have taken a loan of up to Rs 60 lakh from co-operative banks.
Under the scheme, NPA account holders who have taken a loan of up to Rs 60 lakh will be offered concessions. The account holders who have died and already repaid the capital amount will get total interest wavier.
The 100-day scheme is effective from July 1, 2019, and continues till October 7, 2019.
The scheme has been launched to recover co-operative banks' non-performing assets (NPAs) of Rs 391.50 crore which have piled up over the last 25 years.
Capital - Dehradun
Chief Minister - Trivendra Singh Rawat
Governor - Baby Rani Maurya
Indian pro boxer Vaibhav Yadav has become the World Boxing Council (WBC) Asia silver welterweight champion.
He defeated Thailand's Fahpetch Singmanassak in the title bout held in Pattaya, Thailand.
The fight was conducted by the Asian Boxing Council and approved by the World Boxing Council (WBC).
National Aluminium Company Limite (NALCO), an Odisha-based Navaratna Company has been selected for President's award for utilization of Corporate Social Responsibility (CSR) fund in social development.
NALCO started a scheme 'Alialijhia' in 2015 to promote the poor and talented girls for education.
The Indian and French Air Force has started Garuda VI exercise at Mont de Marsan in France.
This is the 6th edition of exercise which is taking place from 1 July to July 12, 201, in France.
This India-France air exercise is aimed at enhancing interoperability level of Franch and Indian crews in air defence and ground attack mission.
Capital - Paris
President - Emmanuel Macron
World Unidentified Flying Objects (UFO) Day is celebrated every year on 2 July to raise awareness, encouraging the government to reveal their files on UFO sightings and related information.
It is a day for everyone to pause and ponder the possibility that we are not alone in the Universe.
The first World UFO Day was celebrated in 2001.
Earlier, the day was celebrated on June 24, the date on which aviator Kenneth Arnold reported seeing nine unusual objects flying over the state of Washington but WUFODO (World UFO day Organization) declared July 2 as the world UFO day to celebrate it on a large scale.
World Sports Journalists Day is observed every year on 2 July.
It is celebrated to mark the services of sports journalists for the promotion of sports.
It was established by the International Sports and Press Association (AIPS- Association Internationale de la Presse Sportive) in 1994 to mark the 70th anniversary of its foundation which was founded on July 2, 192, during Summer Olympics in Paris.
The objective of the day is to encouraged sports journalists to strive for excellence in their work.