Daily Current Affairs 25 June
Prime Minister to focus on India's toy industry
India's share around one and a half billion dollars in $100 billion global toy market. Norendra Modi stressed to focus on 'toyconomy' advising country's gaming and toy industry to play a big role in this sector. By focusing on toy and gaming sector, the Prime Minister said that the country's crores of rupees going outside can be saved. Toycathon 2021 was jointly launched by the Ministry of Education, WCD Ministry, MSME Ministry, DPIIT, Textile Ministry, I&B Ministry and All India Council for Technical Education (AICTE) on January 5 this year to crowd-source innovative toys and games ideas. Around 1.2 Lakh participants from across India registered and submitted more than 17,000 ideas for the Toycathon 2021, out of which 1.567 ideas have been shortilisted for the three day online Toycothon grand finale scheduled on 22-24 June. India's domestric toy market as well as the global toy market offers a huge oportunity to the manufacturing sector.
China to run first electric train in Tibet
China is all set to operationalise the first electric train in the remote Himalayan region of Tibet, connecting the provincial capital Lhasa with Nyingchi strategically located Tibetan border town close to Arunachal Pradesh. The 435.5 km Lhasa-Nyingchi section of the Sichuan-Tibet Railway is expected to be inaugurated ahead of the centenary celebrations of the ruling Communist Party of China (CPC) on July 1, according to official media reports. The Sichuan-Tibet Railway will be the second railway into Tibet after the Qinghai-Tibet Railway. It will go through the southest of the Qinghai-Tibet Plateu, one of the world's most geoglogically active areas.
RBI prescribes dividend distribution norms for NBFC's
The Reserve Bank of India issued guidelines on distribution of dividends by non-banking financial companies (NBFCs) in order to infuse greater transparency and uniformely in the practise. The guidlines shall be effective for declaration of dividend from porfits of the financial year ending March 31, 2022 and onwards. These will be applicable to NFBCs regulated by the RBI. For an NFBC which is a core investment company the maximum divedend payout ratio could be 60 per cent and 50 per cent for other NBFCs.
Japan's agred Mihama nuke plant goes online
The aging Mihama nuclear plant in Fukuri prefecture on the Sea of Japan coast is back online, making the first reactor to the operational beyond the government's mandated 40 year limit, put in place after the 2011 Fukushima nuclear crisis. The government-mandated 40 year limit on nuclear reactors operating was put in place after the 2011 crisis, but if a reactor passes a safety screening by Japan's Nuclear Regulation Authourity (NRA) a reactor can have its operational life extended to sixty years.
New citrus fruit-bearing plant species discovered
A new species of citrus fruit-bearing plant, named Garcinia sibeswari has been discovered at dulung reserve forest in Lakhimpur district. The new species is allied to Garcinia celebica but different in having four-celled ovary, entire, peltate, reddish stigma and seeds with fibrous aril. The discovery and research-based findings on the plant were published in the reer-reviewed international journal Phytotaxa recently. In India the genus Garcinia is represented by 44 species and five varieties of which 38 species and all varieties occur in the wild, while the rest are introduced into cultivation.
SBI launched Aarogyam healthcare business loan
To provide enhanced support to the healthcare sector amid the pendemic State Bank of India (SBI) has launched the Aarogyam healthcare business loan. The Aarogyam loan can be availed either as term loan to support expansion or as working capital facilities such as cash credit, bank guarantee etc. Aarogyam healthcare business loan will be eligible under the COVID loan book being created by banks as per announcement by RBI.
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