June 2019 | Page 8 of 41

IndusInd Bank to merge with Bharat Financial Inclusion on July 4

Private sector lender IndusInd Bank and Bharat Financial Inclusion Ltd (BFIL) announced their merger which will be effective from July 4. The National Company Law Tribunal on June 10, 2019 approved the Scheme of Arrangement among BFIL, IndusInd Bank and Induslnd Financial Inclusion and their respective shareholders and creditors. BFIL’s current CEO MR Rao will […]

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World Archery appoints Bindra to sort AAI trouble

World Archery appointed Abhinav Bindra to sort out the ongoing mess in the Archery Association of India (AAI). AAI violated the constitution by unanimously electing two parallel bodies in Chandigarh and New Delhi. Archery Association of India (AAI) is the national governing body of archery in India. Its headquarters are located in New Delhi Its

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IIIDEM (ECI) organises Capacity Building Program On Electoral Technology

India International Institute of Democracy and Election Management (IIIDEM) (ECI) organized a five-day training program The program on Use of Technology in Elections for Election Officials of Union Election Commission of Myanmar. The Capacity Building Programs on Electoral technology is the 7th program of 09 programs scheduled across 2018-2019. Election Commissioner of India Sushil Chandra

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Group of Secretaries constituted on e-Commerce

A group of secretaries constituted to look into the e-commerce issues will hold its first meeting on September 13 to deliberate on the proposals of the draft policy. The meet assumes significance as a section of the industry had raised concerns regarding the draft policy. “The group, which will be chaired by the Secretary in

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CCI approves Indiabulls Housing Finance and Lakshmi Vilas Bank merger

Competition Commission of India (CCI) approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank. Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance . A share swap deal with intent to create a combined entity with a larger capital base and wider geographical reach. After the merger, Indiabulls Housing Finance

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Bronze for India in the 58th Ostrava Golden Spike Athletics meet

Annu Rani won the women’s javelin bronze in the 58th Ostrava Golden Spike athletics meet, Croatia’s Sara Kolak took the gold and Slovenia’s Martina Ratej bagged the silver. About Annu Rani She is a Javelin thrower from Uttar Pradesh. She is supported by Olympic Gold Quest. A not-for-profit foundation that identifies and supports Indian athletes

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Council may consider GST cut on EVs

According to officials in the Finance Ministry.GST Council meeting where rate reductions for electric vehicles (EVs) and the extension of the term of the National Anti-Profiteering Authority till November 2020, Tax experts the Council’s real focus on addressing concerns regarding the new return filing system The start-up community is asking for the Council to further

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SEBI sets up panel to review margins on derivatives

Securities and Exchange Board of India (SEBI) decided to review the current framework of margins. The capital markets regulator set up a working group It is headed by NSE Clearing Ltd. Their aim to look into the issue and submit its recommendations to the Secondary Market Advisory Committee. The significance as lower cost of trading preferred

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Pompeo to pave way for Modi-Trump meet

U.S. Secretary of State Mike Pompeo’s a boost between the political leadership of India and the U.S. A . Mr. Pompeo deliver a major public lecture, addressing the next generation of Indian youth. He discusses tricky issues like H1B visas for IT workers and Indian plans for data localization. The Secretary of State and External

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Fresh bill to ban Triple Talaq to be introduced in Lok Sabha

The government introduced the fresh triple talaq bill in the Lok Sabha amid vehement protests by opposition members who claimed that it was violative of the Constitution. The Muslim Women (Protection of Rights on Marriage) Bill 2019, became the first legislation to be tabled in Parliament by the Narendra Modi dispensation in its second term,

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