Balzan Prize awarded to NGO in Switzerland
- An international children rights charity based in Switzerland has been awarded the 2018 ‘Balzan Prize’ for humanitarian achievement.
- The Balzan Foundation announced that ‘Terre des Hommes‘ will receive 1 million Swiss francs (USD 1 million) for a project in the African nation of Mali.
- In 2018, prizes were awarded for social anthropology, global history, chemical ecology and fluid dynamics.
India
Haryana signs MoU with Indian Oil
- The Haryana government on September 10, 2018, signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOC) to set up an ethanol plant in Panipat.
- The plant with a proposed capacity of 100 kilolitres of ethanol per day will manage crop residue and prevent straw burning before the upcoming paddy season.
- The pact will be valid for one year.
Business & Economy
Yes Bank raises $400 million
- Yes Bank has raised $400 million through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT).
- The bank said this amount will be utilized to support the IBU’s growing business.
- According to Rana Kapoor (MD and CEO, Yes Bank) Yes Bank’s IBU has crossed $3 billion balance sheet within 3 years of starting operations at GIFT City.
World
Exercise Nomadic Elephant-2018 inaugurated
- Indo-Mongolia joint exercise ‘Nomadic Elephant-2018′, commenced at Mongolian Armed Forces (MAF) Five Hills Training Area, Mongolia on 10th September 2018.
- Exercise Nomadic Elephant is an annual, bilateral exercise which is designed to strengthen the partnership between Indian Army and Mongolian Armed Forces.
- The Indian contingent is represented by a contingent of ‘17 PUNJAB Regiment’.
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