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- Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) said its subsidiary Optare Plc has bagged an order from Transport for London (TfL) for 31 electric double-decker buses.
- The Optare Metrodecker electric double-decker buses, to be bought by Metroline, will be added to the London fleet next summer.
- The order, which was recently announced by London Mayor Sadiq Khan at a national air quality summit, will help form the largest electric double-decker bus fleet in Europe, ALL said.
- “Double-decker buses in London have been iconic and are a matter of prestige for the city. It is a moment of great pride not only for us but for our country, as our subsidiary, Optare wins such a crucial and environmentally significant order,” said Vinod K. Dasari, Managing Director, Ashok Leyland.
- Optare, along with active involvement from Ashok Leyland’s engineering team, was at the forefront of e-mobility evolution, according to Ashok Leyland MD Vinod K. Dasari. “It proved that it has the technology prowess that is expected from one of the most challenging markets like the U.K,” he said.
- “Our commitment and investment in Optare was a strategic move which will give us long-term benefits not only in terms of revenue but also in terms of developing the technology. E-mobility business for us is growing fast and Optare will play a crucial role in strengthening our leadership position globally,” he added.
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- President Ram Nath Kovind on 10 August inaugurated the 'One District One Product' Summit in Lucknow. Addressing the gathering, he said that Uttar Pradesh is a land of opportunities
- He also expressed confidence that the 'One District One Product' scheme will enhance skills of local people as well as increase the reach to products, which will in turn result in economic progress of artisans of Uttar Pradesh.
- The summit has been organised by the Uttar Pradesh government to promote traditional industries and spur local trade.
- President also inaugurated a three-day exhibition in which one product of each district would be on display.
- The President also distributed loan sanction papers worth Rs 1006 crore to beneficiaries of ODOP scheme digitally.He also inaugurated ODOP toll free number and website.
- During the event , two MoUs were also signed with US-based companies, one with Amazon and another with GE Health Care.
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- A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament on 10August.
- The bill, which was passed in Lok Sabha on July 31, was approved in the Rajya Sabha 10 August by voice vote.
- The legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to aid quick resolution of several bankrupt firms.
- Replying to the debate on the Insolvency and Bankruptcy Code (Second amendment) 2018 in the Upper House, finance minister Piyush Goyal said its objective was to provide resolution to small bankrupt firms and, at the same time, take stringent action against big bankrupt businesses.
- He said the bill aims to ensure that all cases are led to resolution instead of liquidation.“We want faster resolution of cases. We don’t want liquidation. Insolvency will not help the country. Assets worth crores should put to use,” he said.
- The Minister said the Insolvency Law Committee, which was set up in November 2017, had submitted the report on May 26 this year and every recommendations of the panel has been accepted and incorporated in the amendments.
- On the approval of a resolution plan, the Minister said the report said it should be approved by a panel of creditors by a vote of not less than 66 per cent of the voting share of financial creditors. For routine decisions, it should be 51 per cent vote requirement.
- Goyal said the government is trying to increase the strength of NCLAT to address the pendency of cases. “The number of courts, judicial members and technical members are being increased,” he said.
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- India’s champion shooter Abhinav Bindra has been appointed member of the prestigious Athletes’ Commission of the International Olympic Committee (IOC), the rare honour adding another feather to his illustrious cap.
- Bindra became only the second Indian sportsperson, after badminton ace Saina Nehwal, to be appointed to the IOC’s Athletes’ Commission.
- “Humbled and privileged to be appointed a member of the @Olympics Athlete’s commission. Look forward to work hard for the athletes and the Olympic movement !” Bindra wrote on his twitter handle.
- The 35-year-old Bindra, now retired, remains India’s lone individual Olympic gold medallist, having claimed the top prize in men’s 10m air rifle event at the 2008 Beijing Games.
- A former world champion who came close to winning a second Olympic medal at the Rio Games in 2016, Bindra shared the IOC letter on his social networking page.
- “As every year and as per recommendation 40 of the Olympic Agenda 2020, I have reviewed in consultation with the Chairs the scope and composition of the IOC Commissions. Therefore, it is with great pleasure that I appoint you as a member of the Athletes’ Commission,” IOC president Thomas Bach said in the letter addressed to Bindra.The IOC chief also mentioned about the composition of the Commission.
- “As you are aware, due to the Youth Olympic Games in Buenos Aires in October this year, please note that the Commissions’ meetings for 2018 will exceptionally take place from 14 to 20 January 2019.
- “For 2019, we will go back to the previous schedule with the review of the composition of the Commissions in spring and the Commissions’ week in November 2019.“Thank you in advance for your valuable participation and looking forward to seeing you soon.”
- In 2014, Bindra was elected chairman of the International Shooting Sport Federation’s (ISSF) Athletes Committee, becoming the first Indian to receive the honour.Olympic bronze medallist shuttler Nehwal was appointed member of IOC’s Athletes’ Commissions in October 2016.
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- Former Chilean president Michelle Bachelet was appointed 10 August by the UN General Assembly as the world body's next top human rights official to replace Jordanian diplomat Zeid Ra'ad al-Hussein.
- UN Secretary General Antonio Guterres had this week nominated Bachelet to be the next UN High Commissioner for Human Rights. Her name was forwarded for consideration by the 193-member UN General Assembly, which 10 August approved her appointment.
- Al Hussein warmly welcomed the UN General Assembly's appointment of Bachelet to succeed him when his mandate comes to an end on 31 August 2018."I am truly delighted by the appointment of Michelle Bachelet as the next UN High Commissioner for Human Rights," Zeid said.
- "She has all the attributes courage, perseverance, passion, and a deep commitment to human rights to make her a successful High Commissioner. The UN Human Rights Office looks forward to welcoming her and working under her leadership for the promotion and protection of all human rights, for everyone, everywhere."
- Bachelet most recently served as President of Chile (from 2014 to 2018, and 2006 to 2010). She was the first Executive Director of UN-Women between 2010 and 2013. She has also served as Minister of Defence and Minister of Health in Chile. The UN General Assembly today approved the UN Secretary-General's appointment of Bachelet for a four-year term as High Commissioner.
- Bachelet will be the seventh High Commissioner since the Office was created in 1993. Zeid Ra'ad Al-Hussein has been in office since 1 September 2014. His predecessors are: Jos Ayala-Lasso (1994-97); Mary Robinson (1997-2002); Sergio Vieira de Mello (2002-03); Louise Arbour (2004-08); and Navi Pillay (2008-14).
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