NATIONAL:

Asian Development Bank sanctions Rs 1,925 cr power project in Tripura.

• Asian Development Bank (ADB) sanctioned a Rs 1,925 crore project for up-gradation of power generation and distribution in Tripura, Deputy Chief Minister Jishnu Dev Varma.

The amount was recently sanctioned to the Tripura State Electricity Corporation Limited (TSECL) after the state government had sought the ADB's assistance, Dev Varma who is also the power minister.

The project sanctioned for upgrading capacity of 63 MW Rokhia Project to 120 MW

It is at an estimated cost of Rs 699.80 crore.

The project sanctioned for upgrading capacity of 63 MW Rokhia Project to 120. They modernising Gumti Hydro Electric Project at an estimated cost of Rs 1225.88 crore.

Rokhia project is located at West Tripura district

North East Council approved sanction of Rs 12.7 crore for an overhaul of the 49.15 km-long Ambassa-Gandacherra power transmission line.

APPOINTMENTS AND RESIGNATIONS:

LSE appoints economist Francisco Ferreira to Amartya Sen Chair in Inequality Studies.

• Economist Francisco Ferreira, who oversees the World Bank’s research program on poverty and inequality, has been appointed the inaugural Amartya Sen Chair in Inequalities Studies at the London School of Economics and Political Science (LSE).

• The chair was announced in March to honour Nobel laureate Sen, who was professor of economics at LSE from 1971-82.

• Ferreira, who studied at LSE, has spent most of his career at the World Bank, most recently as acting director of the World Bank’s research department.

Priti Patel appointed home secretary, Javid gets finance in Johnson’s office.

• Priti Patel, who was sacked as international development secretary in 2017, was on Wednesday appointed to the key role of UK home secretary by the new Prime Minister, Boris Johnson - the senior-most portfolio held by an Indian-origin MP in British history.

• London-born Patel, 47, has been an MP from Witham in Essex since 2010. An admirer of Margaret Thatcher, she was in the forefront on behalf of the David Cameron government (2010-2015) during the November 2015 visit of Indian Prime Minister Narendra Modi to London.

Tesla Co-founder and CTO JB Straubel stepping down after 16 yrs

• Tesla has announced its Co-founder and Chief Technology Officer (CTO) JB Straubel is stepping down from his role after nearly 16 years. The automaker's Technology VP, Drew Baglino, will take over the role of CTO.

SPORTS:

Kristof Milak created a new world record in the 200 metres butterfly at the 2019 FINA world championship.

• Hungaian swimmer Kristof Milak created a new world record in the 200 metres butterfly at theFINA world championship 2019 in Gwangju, South Korea. He clocked 1:50.73. He broke the record set by Michael Phelps who clocked 1:51.51 in an event in Rome 2009.

Kristóf Milák:

Milák is a swimmer from Hungary. He won the world championships gold in South Korea. He is is currently holding the world record in 200m butterfly.He won the silver medal, and set a new junior world record and a new national record a timing of 50.62 at the 2017 World Aquatics Championships. He won three gold medals and one silver medal at the 2018 Summer Youth Olympics.

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