7th August 2018 Current Affairs

Contents

Govt launches Bidder Information Management System and Bhoomi Rashi-PFMS linkage portals

Nitin Gadkari launched Bidder Information Management System (BIMS) and Bhoomi Rashi and PFMS linkage portals.
The BIMS and Bhoomi Rashi and PFMS linkage portals aim at making the pre-construction processes relating to bidding and land acquisition easier.
Bhoomi Rashi is a portal developed by MoRTH and NIC. It comprises of the entire revenue data of the country, including 6.4 lakh villages.
BIMS is aimed at making the pre-qualification of bidders more transparent.

Indra Nooyi will step down as chief executive officer (CEO) of food and beverage giant PepsiCo in October.
She will remain chairman until early 2019.
Nooyi is the first foreign-born CEO of Pepsi and the first woman to lead the company.
Ramon Laguarta, who is currently president of the company, will take over as PepsiCo CEO, becoming just the sixth CEO in the 53-year history of the company.

Japan has pipped China to the world’s number two stock market, a Bloomberg report says.
The Chinese market was worth $6.09 trillion, while Japan’s was valued at $6.17 trillion.
At number one spot is the US market, which is the world’s largest at just over $31 trillion.
Chinese stocks and currency fell this year amid a trade disagreement with the US.

Italian motorcycle-maker Benelli has signed an MoU with the Telangana Government to set up an assembly facility in the state.
Benelli will initially start assembling CKD (completely knocked down) kits.
The plant will have a capacity of assembling 10,000 bikes at first.

The world’s first thermal battery plant has been unveiled in Andhra Pradesh by the state’s Chief Minister N Chandrababu Naidu.
The batteries will be manufactured by the Bharat Energy Storage Technology Private Limited (BEST).
The aim is to boost renewable sources of energy production and reduce the dependence on non-renewable fossil fuel-based energy generation.
The new type of battery will be used to store energy for telecommunications, commercial establishments, electric vehicles and highway charging stations.