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August 08, 2023

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Heres whats going on in 🇮🇳

  • IIT Hyderabad and Kathmandu University Launch Collaborative Doctoral Program for Research Partnership.

  • Indian-descent Vaibhav Taneja Named CFO at Tesla, Aims to Build Supplier Network in India.

  • Mediation Bill 2023: A Step Towards Efficient Dispute Resolution in India

Indian Institute of Technology-Hyderabad and Kathmandu University Establish Joint Doctoral Programme for Research Collaboration 📚️ 

The Indian Institute of Technology-Hyderabad and Kathmandu University have established a Joint Doctoral Programme, allowing students from India and Nepal to conduct research in various fields. This collaboration aims to strengthen academic and research ties between the two institutions and promote innovation in science, technology, design, and medical advancements. Additionally, IIT-H will provide research exposure to undergraduate students from KU, and both institutes will exchange faculty to address shared challenges in Medical Technology, Yoga, and Heritage Science.

Why it's important: The collaboration between the Indian Institute of Technology-Hyderabad and Kathmandu University enables students from India and Nepal to engage in cutting-edge research and innovation. This joint doctoral program fosters academic and research collaborations, promoting advancements in science, technology, design, and medical fields. It also provides research exposure to undergraduate students and facilitates the exchange of faculty, addressing common challenges in Medical Technology, Yoga, and Heritage Science.

Tesla Appoints Indian-origin Vaibhav Taneja as CFO, Aims to Establish Supplier Ecosystem in India 🚘️ 

Tesla appoints Indian-origin Vaibhav Taneja as CFO, signaling plans to establish a supplier ecosystem in India. Taneja will take on the CFO role alongside his current position as Chief Accounting Officer. Tesla has also engaged in talks with Indian officials to bring its auto parts and electronics chain to the country.

Why it's important: Tesla's appointment of Vaibhav Taneja as CFO highlights the company's focus on India as a strategic supplier ecosystem. Discussions with Indian government officials further emphasize Tesla's intention to expand its presence in the country's market.

Mediation Bill 2023: A Step Towards Efficient Dispute Resolution in India 🤗 

The Mediation Bill 2023 was passed by the Parliament, with the Lok Sabha giving its assent on 7th August 2023. The bill aims to solve the problems of people, especially the poor, by reducing the pending cases in courts. It will establish mediation centers and provide legal support, ultimately boosting ease of living and being cost-effective. Over 70 thousand cases are pending in the Supreme Court, 60 lakh cases in High Courts, and four crore cases in District and Subordinate courts.

Why it's important: The Mediation Bill 2023 aims to reduce the backlog of cases in Indian courts by promoting mediation as a means of dispute resolution. With over 70 thousand cases pending in the Supreme Court, 60 lakh cases in High Courts, and four crore cases in District and Subordinate courts, this bill is crucial in providing a more efficient and cost-effective way of resolving civil and commercial disputes.

Global Chronicles: Unveiling the World's Stories 🌐 

  • 600 people evacuated in Sardinia as major fires worsened by strong winds continue to blaze, threatening coastal villages and destroying farms.

  • Record rainfall in China's Hebei province led to the relocation of nearly 1 million people and the storage of water in populated areas.

Market Movers: Unraveling the Latest Business Buzz 🤑 

  • Oil prices surged to their highest levels since mid-April as Saudi Arabia and Russia pledged to extend supply cuts through September, tightening supplies.

  • The Finance Minister announced that a 28 percent GST on casinos and online gaming will be levied on face value, starting from October 1st, with a review after six months of implementation.

Sports Spectacle 🏅 

  • Yesterday, in Indian Men's Hockey, Malaysia defeated Japan 3-1 and Pakistan beat China 2-1; India will face Pakistan tomorrow.

  • Prarthana Thombare and Anastasia Tikhonova win women's tennis doubles title in Barcelona, while Siddhant Banthia and Sai Karteek Reddy triumph in men's event in Astana and Rutuja Bhosale and Destanee Aiava claim victory in women's event in Foxhills.

Meme of the day

Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

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