Rajasthan Venture Capital Fund raises Rs 121 crore to support start-ups
Rajasthan Venture Capital Fund (RVCF) has raised Rs 121 crore to provide growth capital to innovative ventures, primarily in Rajasthan.
RVCF has raised the fund from a clutch of investors like RIICO, UK’s Department for International Development, SIDBI, and New India Insurance etc. RVCF is promoted by RIICO, SIDBI and other investors and one of the oldest startup venture funds in the country.
- QS World University Rankings for Asia has been released
- The National University of Singapore is ranked Asia’s best for the second consecutive year. It is followed by Nanyang Technological University, which has risen from 3rd to 2nd; and the University of Hong Kong.
- 96 Indian institutions rank among 550 for the continent.
- India does not yet have a university among the top 30.
- The best performing institution from India is IIT Bombay, which drops one place to 34th position. It is followed by IIT Delhi at 43rd place and IIT Madras at 50th.
- Global Diplomacy Index 2019
- The 2019 Global Diplomacy Index was released by Sydney-based Lowy Institute. The index gives the latest statistics and marking about how the world’s diplomatic networks are expanding and, in certain cases, shrinking.
- The index ranked 61 countries across the world.
- China now has more diplomatic posts across the world than United States in 2019. China has overtaken United States with 276 embassies and consulates worldwide, which is 3 more than US (both countries have an equal number of embassies but China has 3 more consulates).
- India was ranked 12th among the 61 countries. As of 2019, India has 123 embassies and high commissions and 54 consulates globally.
· Govt launches Credit-linked Subsidy Services Awas Portal
ð Minister for Housing and Urban Affairs Hardeep Singh Puri launched Credit-linked Subsidy Services Awas Portal in New Delhi. It provides a transparent and robust real-time web-based monitoring system for credit-linked Subsidy Services, CLSS beneficiaries. To track his application status in real-time. The CLAP will be entirely instrumental in addressing the grievances of beneficiaries in a much comprehensive and organized manner.
ð The initiative would also benefit other stakeholders to work in synergy to release subsidy to beneficiaries on time.
ð The main objective is to provide a transparent real-time web-based monitoring system for the beneficiaries of the Credit-linked Subsidy Services (CLSS).
· Centre introduces bill to merge Daman and Diu, Dadra and Nagar Haveli in Lok Sabha
- The bill seeks to merge the two union territories into one that is yet to be taken up for consideration and passage in the Lower House, was introduced by the minister of state for home affairs G. Kishen Reddy.The move comes three months after Jammu and Kashmir was divided into two UTs Jammu and Kashmir, and Ladakh. The merger of the two UTs, located along the western coast near Gujarat, will be done for better administration and check duplications of various work. Dadra and Nagar Haveli just one district while Daman and Diu. The merged is likely to be named as Dadra, Nagar Haveli, Daman, and Diu, and its headquarters could be Daman and Diu.
· UIDAI launched the new version of mAadhaar application
- The Unique Identification Authority of India (UIDAI) has launched the new version of themAadhaar application, both for Android and iOS devices. The application aims to make the mAadhaar application more secure.
- To avail the new version, the users should delete the previous version and install the new version immediately.
- Third-party applications are not supported by the UIDAI.
- RIL becomes first Indian company to hit Rs 10 lakh crore market cap
- It became the first India Company to reach the coveted milestone.
- RIL was also the first company to reach Rs 8 lakh crore mark in August last year. It was also the first company to hit the $100 billion mark in market-cap in 2007, a feat it repeated last July.
- Incidents of bribery in India reduced by 10% since last year: Survey
- Incidents of bribery in the country have reduced by 10 per cent since last year, according to a survey carried out in 20 states.
- The ‘India Corruption Survey 2019’, which received 1, 90,000 responses from people in 248 districts, also stated that 51 per cent Indians paid bribe in the last 12 months.
- Transparency International India (TII) and LocalCircles conducted the survey.
- India’s ranking in the Corruption Perception Index 2018, released by TII, has improved three places compared to last year and now, the country’s standing is 78 among 180 nations.
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