BIHAR
Bridge tender in Bihar involving Chinese firms cancelled
Bridge tender in Bihar involving Chinese firms in bidding cancelled on ‘technical reasons’
The tendering process for the proposed bridge parallel to Mahatma Gandhi Setu on Ganga, connecting Patna to north Bihar, was said to be in final stage.
The seven companies which were earlier qualified for the final bidding were Tata Projects, Gammon India, L&T, SP Singla, Afcons Infrastructure, Ashok Buildcon and Dilip Buildcon.
Among them, five had joint venture with Chinese partners for technical and resource assistance.
It is said that the decision to cancel the tendering process was taken in view of the recent face-off between Indian soldiers and Chinese troops at Galwan valley in Ladakh.
International
Mike Pompeo welcomes India’s Chinese app ban
- S. welcomed India’s ban on Chinese apps, as per U.S. Secretary of State Mike Pompeo.
UN adopts resolution calling for pandemic-related halt to conflicts
- The UN Security Council unanimously adopted a resolution calling for a halt to conflicts to facilitate the fight against the COVID-19 pandemic.
- It “calls upon all parties to armed conflicts to engage immediately in a durable humanitarian pause for at least 90 consecutive days, in order to enable the safe, unhindered and sustained delivery of humanitarian assistance.”
- Fighting against jihadist insurgent groups is excluded.
Russian voters approved changes to the constitution that will allow President Vladimir Putin to potentially hold power until 2036
- The amendments that would allow Mr. Putin to run for two more six-year terms, in 2024 and 2030, are part of a package of constitutional changes that also outlaw same-sex marriage, mention “a belief in God as a core value” and emphasize the primacy of Russian law over international norms.
National
National Doctor’s Day-1st July
- In India, the National Doctors’ Day is celebrated on July 1 all across India to honour the legendary physician and the second Chief Minister of West Bengal, Dr.Bidhan Chandra Roy.
- President Ram Nath Kovind expressed his gratitude to medical professionals for their selfless service in fighting the coronavirus pandemic.
Special Liquidity Scheme for NBFCs and HFCs
- Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharamanhad announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs. 30,000 crore.
- RBI will provide funds for the Scheme by subscribing to government guaranteed special securities issued by the Trust.
- The total amount of such securities issued outstanding shall not exceed Rs. 30,000 crores at any point of time.
- Government of India will provide an unconditional and irrevocable guarantee to the special securities issued by the Trust.
- The Scheme is being launched on July 1, 2020 through a Special Purpose Vehiclein the form of SLS Trust set up by SBI Capital Markets Limited (SBICAP).
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