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Daily News Podcast: CWC to use Google technology to forecast floods

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BusinessToday.In | June 19, 2018

ICICI Bank CEO Chanda Kochhar to be on leave till probe is over, Sandeep Bakhshi named COO

The ICICI Bank's Board of Directors has said that Chanda Kochhar, MD and CEO of ICICI Bank, will be on leave till the ongoing independent enquiry against her is completed. In its meeting, the Board also appointed Sandeep Bakhshi as the Whole Time Director and Chief Operating Officer (COO) designate. He will report to the ICICI Bank CEO. In its regulatory filing, ICICI Bank has also established that Kochhar will continue to hold the position of chief executive in the organisation. Bakhshi's tenure will be for a period of five years and his appointment is subject to regulatory approval. He will assume office on June 19, 2018, or on the date of regulatory and other approvals, whichever is later.

Arun Jaitley predicts a brighter future, more jobs in detailed Facebook post

He may be on sick leave and unable to attend office but that has not stopped Union Minister Arun Jaitley from actively batting for the government on the social media. He took his latest pot-shot at the opposition earlier today, tweeting that "The economy & the markets reward structural reforms, fiscal prudence, and macro-economic stability. They punish fiscal indiscipline and irresponsibility. The transformation from UPA's 'policy paralysis' to the NDA's 'fastest growing economy', conclusively demonstrates this." Jaitley's post focuses on booming sectors instead. "An analysis of the data released clearly shows that the construction sector is expanding by double digits. It is a job creating sector. Investment is increasing. Domestic investment is also increasing. The FDI is at an unprecedented level," he said, adding that the manufacturing sector is also expanding. That apart, the government had increased expenditure on infrastructure creation and rural projects.

Vijay Mallya first person to be booked under new Anti-Financial Fraud Law

The Enforcement Directorate has filed a prosecution complaint or a supplementary charge-sheet against liquor baron Vijay Mallya under the Fugitive Economic Offenders Act. The document has been filed before a special court under the provisions of the Prevention of Money Laundering Act (PMLA), naming the defunct Kingfisher Airlines, UBHL (United Breweries Holdings Ltd) and Vijay Mallya under the new law. The Fugitive Economic Offenders Ordinance, 2018 aims to deter economic offenders from evading the law by remaining outside the jurisdiction of Indian courts.

Central Water Commission to use Google technology to forecast floods  

The Central Water Commission (CWC) has entered into an agreement with Google to improve flood forecast systems and disseminate flood-related information by using technology developed by the tech giant. "The initiative is likely to help crisis management agencies to deal with extreme hydrological events in a better manner. Under this agreement, the CWC and Google will share technical expertise in various fields, including geospatial mapping and analysis of hydrological observation data," the Water Resources Ministry said.The CWC, which is an apex technical organisation in the field of water resources, will use Google technology to improve flood prediction systems and will also use tech giant's earth engine to visualise and improve flood management.

Tata Nano to get another lease of life with new electric motor; Ola among first buyers

The Tata Nano is all set to come in a new avatar, the all-new Jayem Neo EV. Not only that, the new Nano will also be incorporated in the cab service company Ola, where 400 units of the new car will initially be supplied. Jayem Automotive, an engineering company has supplied parts to Tata Motors for a very long time. Tata Motors announced a joint venture with Jayem Automotives Pvt. Ltd. to develop special performance vehicles. Jayem Automotives will now source the body shell and cycle parts from Tata Motors and assemble the Neo Electric in Coimbatore.

Ayushman Bharat: Only half the states ready to launch scheme on August 15

On August 15, when Prime Minister Narendra Modi will launch the Ayushman Bharat National Health Protection Mission (AB-NHPM), almost half of the states would not be part of it. Only 12-15 states will launch the scheme that day as the others are not prepared to roll it out on time. States like UP, Bihar, Assam and West Bengal may take up another 6 months or longer to launch Ayushman Bharat. Announced in the 2018 Budget, the AB-NHPM was touted as the 'world's largest government funded health care programme'
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