February 2022

RBI cancels the licence of Independence Co-operative Bank Limited, Nashik, Maharashtra

RBI cancels the licence of Independence Co-operative Bank Limited, Nashik, Maharashtra

The Reserve Bank of India cancelled the licence of Nashik-based Independence Co-operative Bank Ltd and began the process for winding it up following the erosion of the bank’s capital. The bank has stopped operation from the close of business on February 3, putting depositors of the bank in trouble. Reason for license cancelation: The major reason for the cancellation of

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IUCN designates Aravalli Biodiversity Park in Gurugram as India’s first OECM site

IUCN designates Aravalli Biodiversity Park in Gurugram as India’s first OECM site

The Aravalli Biodiversity Park was declared India’s first “other effective area-based conservation measures” (OECM) site on the occasion of World Wetlands Day. The announcement was made by officials of the Union ministry of environment, forest and climate change on February 02, 2022. The International Union for Conservation of Nature (IUCN) gives OECM tag to those areas that

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