Current Affairs July 2022

Piramal Enterprises receives approval from RBI to start NBFC business

Piramal Enterprises receives approval from RBI to start NBFC business

The Reserve Bank of India (RBI) has allowed Piramal Enterprises to start their non-banking finance company (NBFC) business without accepting public deposits. The RBI has grant license under Section 45 IA of the Reserve Bank of India Act, 1934. The license was received by the Company on 26th July, 2022. Last year, the Piramal Enterprises board approved the demerger of its pharmaceuticals

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Mastercard replace Paytm as title sponsor for all BCCI matches in India

Mastercard replace Paytm as title sponsor for all BCCI matches in India

Mastercard would replace Paytm as the title sponsor for all international and domestic cricket matches, organised by the Board of Control for Cricket in India (BCCI). The board has accepted the plea of Paytm for the reassignment of its title rights. Since 2015, Paytm has been the title sponsor of  BCCI and renewed the contract in August 2019. The

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Haryana CM Manohar Lal Khattar launched ‘Smart E-Beat’ system for Gurugram police

Haryana CM Manohar Lal Khattar launched ‘Smart E-Beat’ system for Gurugram police

Haryana Chief Minister Manohar Lal Khattar Monday launched an app-based system for police attendance and real time monitoring of patrolling by personnel in Gurugram. The CM launched the ‘Smart E-Beat’ system at an event at the office of Commissioner of Police and flagged off 119 motorcycle police riders connected with it. CM Khattar launched the system at

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ADB approves $96 mn loan to HP for safe drinking water project

ADB approves $96 mn loan to HP for safe drinking water project

The Asian Development Bank has approved $96.3 million loan for safe drinking water and sanitation project in Himachal Pradesh. The loan has been provided under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project. Aim: To provide piped water to all rural households by 2024. This also upgrade water supply infrastructure and strengthen institutional capacity to ensure safe, sustainable, and

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World Bank appoints Indian national Indermit Gill as chief economist

World Bank appoints Indian national Indermit Gill as chief economist

Indian national, Indermit Gill has been appointed as a new Chief Economist and Senior Vice President for Development Economics of World Bank, will be effective September 1, 2022. He will succeed American economist, Carmen Reinhart. He is currently serving as the Vice President for Equitable Growth, Finance, and Institutions. He will be the second Indian to serve as chief economist after Kaushik Basu who

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