#1.Tech Mahindra signs contract with Airbus
Tech Mahindra signed a multi-year contract with Airbus for cabin and cargo design engineering. The main aim to capitalize on the specialized skills and competencies in the growing cabin engineering business over the next few years. About Airbus It is a strategic customer and partner of Tech Mahindra. Our motto to develop innovative engineering and digital solutions for our customers.
#2.Women’s cricket nominated for inclusion at 2022 Commonwealth Games
Commonwealth Games Federation (CGF) nominated the inclusion of women’s cricket in the 2022 Commonwealth Games, which is scheduled to be held in Birmingham, United Kingdom. International Cricket Council (ICC) in partnership with the England and Wales Cricket Board (ECB) presented the compelling case for women’s cricket to become part of the Commonwealth Games programme. Beach Volleyball and para table tennis were also nominated for inclusion in the 2022 edition.
#3.QS World University Ranking 2020: IIT Bombay tops among Indian institutions
MIT (Massachusetts Institute of Technology) has made a history by topping the 2020 QS World University Rankings for the eighth consecutive year. Stanford University, Harvard University and California Institute of Technology (Caltech) — all retain their positions at second, third and fourth in the world, respectively. Only three Indian institutes — IIT-Bombay, IIT-Delhi and IISc-Bangalore making it to top 200 in 2020 QS World University Rankings.
#4.India granted USD15 million to Niger for holding African Union Summit
India has extended USD 15 million assistance to Niger for organising the African Union (AU) summit scheduled to be held in Niamey from July 7-8. The support of grant assistance was in response to a specific request made by the Niger government. This year, Niger is hosting an AU summit for the first time. In this AU summit, the historic African Continental Free Trade Area (AfCFTA) is likely to be launched.
#5.Govt plans to raise income tax limit to Rs 3 lakh, hike 80C deduction limit
Union Finance Minister Nirmala Sitharaman may increase the personal income tax exemption limit to Rs 3 lakh of the annual income from the existing Rs 2.5 lakh for salaried class in the upcoming Budget 2019-20. At present, income up to Rs 2.5 lakh is exempt from personal income tax. However, income between Rs 2.5 to 5 lakh attracts 5 per cent tax plus 4 per cent cess, while that between Rs 5 to 10 lakh is levied with 20 per cent tax plus Rs 12,500 plus four per cent cess.