WINSON COMPETITIVE GUIDE
• Multilateral funding agency Asian Development Bank
(ADB) has approved $631 million loan for building
India’s first coastal industrial corridor between
Visakhapatnam (Vizag) and Chennai.
• The Gionee India has signed a Memorandum of
Understanding (MoU) with the Haryana government to
set up its phone manufacturing hub in Faridabad.
• Anil Ambani led Reliance Communications (RCom)
has signed a deal with Maxis Communications Berhad
(MCB) for merger of wireless businesses of Aircel
Limited with itself.
• The Cabinet Committee on Economic Affairs (CCEA)
has approved enhancing the buffer stock for pulses up
to 20 lakh tonnes.
• The Union Cabinet has approved establishment of
Higher Education Financing Agency (HEFA) to give a
major push for creation of high quality infrastructure
in premier educational institutions.
• The Cabinet Committee on Economic Affairs (CCEA)
has approved the proposal for initiation of the Third
Phase of Technical Education Quality Improvement
Programme (TEQIP).
• India’s largest private sector bank ICICI Bank has
successfully deployed ‘Software Robotics’ for power
banking operations. With this, it becomes first bank in
45