NE NEWS SERVICE
NEW DELHI/CHENNAI/GANDHINAGAR, JULY 26
Prime Minister Narendra Modi will begin his two-day trip to Tamil Nadu and Gujarat on Thursday. After attending the Sabar Dairy events in Gujarat on Thursday, Prime Minister will travel to Chennai and declare open the 44th Chess Olympiad at JLN Indoor Stadium, Chennai at around 6 pm.
- The PM will declare open the 44th Chess Olympiad at JLN Indoor Stadium in Chennai.
- Chess Olympiad is being hosted in India for the first time; India is fielding its biggest ever contingent in the Competition
- PM to attend the 42nd Convocation of Anna University
- PM to lay foundation stone of IFSCA headquarters at GIFT City in Gandhinagar
- PM to also launch India’s first International Bullion Exchange – IIBX at GIFT City
Read Also:
On 29th July at around 10 am, Prime Minister will attend the 42nd Convocation of Anna University. Thereafter he will travel to Gandhinagar to visit GIFT City, where he will launch and lay the foundation stone of various projects at around 4 pm.
PM in Tamil Nadu
The 44th Chess Olympiad will witness a grand inauguration on Thursday, July 28y as Prime Minister will declare it open in a launch programme organised at JLN Indoor Stadium, Chennai.
Prime Minister had also launched the first-ever Chess Olympiad Torch Relay at the Indira Gandhi National Stadium in New Delhi on June 19, 2022. The torch travelled to 75 iconic locations in the country for over a period of 40 days, traversing close to 20,000 kilometres and culminating in Mahabalipuram, before heading over to the FIDE Headquarters, Switzerland.
The 44th Chess Olympiad is being held in Chennai from July 28 to August 9, 2022. The prestigious competition, which has been organised since 1927, is being hosted in India for the first time and in Asia after 30 years. With 187 countries participating, this will be the largest participation in any Chess Olympiad. India is also feilding its biggest ever contingent in the competition comprising 30 players across 6 teams.
Prime Minister will attend the 42nd Convocation of prestigious Anna University in Chennai on 29th July. During the programme, he will award gold medals and certificates to 69 gold medalists. The Prime Minister will also address the gathering on the occasion.
Anna University was established on 4 September 1978. It is named after C. N. Annadurai, the former Chief Minister of Tamil Nadu. It has 13 Constituent Colleges, 494 Affiliated Colleges spread over Tamil Nadu and 3 Regional Campuses – Tirunelveli, Madurai and Coimbatore.
PM in Gujarat
On Friday, July 29, Prime Minister will visit GIFT City in Gandhinagar. GIFT city (Gujarat International Finance Tec-City) was envisaged as an integrated hub for financial and technology services not just for India but for the world.
Prime Minister will lay the foundation stone of the Headquarters Building of the International Financial Services Centres Authority (IFSCA), the unified regulator for the development and regulation of financial products, financial services and financial institutions in International Financial Services Centres (IFSCs) in India. The building has been conceptualised as an iconic structure, reflective of the growing prominence and stature of GIFT-IFSC as a leading International Financial Centre.
Prime Minister will launch India International Bullion Exchange (IIBX), India’s first International Bullion Exchange in GIFT-IFSC. IIBX will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India. It will empower India to gain its rightful place in the global bullion market and serve the global value chain with integrity and quality. IIBX also re-enforces the commitment of the Government of India towards enabling India to be able to influence global bullion prices as a principal consumer.
Prime Minister will also launch NSE IFSC-SGX Connect. It is a framework between NSE’s subsidiary in GIFT International Financial Services Centre (IFSC) and Singapore Exchange Limited (SGX). Under Connect, all orders on NIFTY derivatives placed by members of Singapore Exchange will be routed to and matched on the NSE-IFSC order matching and trading platform. Broker-Dealers from India and across international jurisdictions are expected to participate in large numbers for trading derivatives through the Connect. It will deepen liquidity in derivative markets at GIFT-IFSC, bringing in more international participants and creating a positive impact on the financial ecosystem in the GIFT-IFSC.
