Today’s Headlines 27th February 2020

On February 25, the Department for Promotion of Industry and Internal Trade (DPIIT) notified the government’s decision to allow 100 percent foreign direct investment (FDI) in – insurance intermediaries (brokers, reinsurance brokers, consultants, corporate agents, third party administrators, surveyors and loss assessors).
According to the report titled “Retail 4.0 Winning the 20s”, the Indian retail market is estimated to cross USD 1 trillion-mark by – 2025.
On February 26, SEBI allowed investors to directly access the infrastructure of stock exchanges for purchasing and redeeming mutual fund units directly from – mutual fund and asset management companies.

On February 26, the Union Cabinet approved the National Technical Textiles Mission, to be implemented from 2020-21 to 2023-24, with an outlay of – Rs 1,480 crore.
‘ Higher Education Leadership Development Programme for Administrator’ is a joint initiative of UGC and – British Council, UK.
‘Water Conclave 2020’ on hydrological aspects of climate change began at – IIT Roorkee.
ICICI Foundation for Inclusive Growth has signed a pact with this research body for training and capacity building of farmers – ICAR.

Newly appointed Co-Chairperson of The Federation of Indian Chambers of Commerce and Industry (FICCI) for 2020 – GSK Velu.

Top with 14 medals at the Khelo India University Games in Odisha – Savitribai Phule Pune University (7 gold).
On 25 February, the first-ever Khelo India Winter Games inaugurated in – Leh, Ladakh, Jammu and Kashmir.
Host of the world’s richest horse race, with USD 20 million in cash prizes – Saudi Arabia.

Under the theme ‘Ek Bhaart Shreshth Bharat’, the Eight day cultural fair called “Vasantotsav” was inaugurated on 25 February in – Gandhinagar, Gujarat.
Maharashtra Education Minister Varsha Gaikwad announced shutting down of the – Maharashtra International Education Board (MIEB).

University Grants Commission (UGC) – Founded: 28 December 1953; Headquarters: New Delhi; Founder: Abul Kalam Azad.
Employees’ state Insurance Corporation of India (ESIC) – Founded: 24 February 1952; Headquarters: New Delhi.
Federation of Indian Chambers of Commerce and Industry (FICCI) – Founded: 1927; Founder: G D Birla & P Thakurdas; Headquarters: New Delhi.
Indian Council of Agricultural Research (ICAR) – Founded: 16 July 1929; Headquarters: New Delhi.
Securities and Exchange Board of India (SEBI) – Founded: 1988; Statutory status: 30 January 1992; Headquarters: Mumbai.
Department for Promotion of Industry and Internal Trade (DPIIT) was established in – 1995.
DPIIT has been reconstituted in the year 2000 with the merger of the – Department of Industrial Development.