International Day of Older Persons is observed globally on 1st October since 1991. The day aims to raise awareness about issues affecting the elderly, such as senescence and elder abuse, and appreciate the contributions that older people make to society. The United Nations General Assembly adopted the day on December 14, 1990. The theme of International Day of […]
The Appointments Committee of the Cabinet extended the additional charge of PK Purwar as chairman and managing director of loss-making telecom firm MTNL for a period of one year till 14-10-2022. Purwar also holds the position of chairman and managing director of debt-ridden firm BSNL. The government has already announced the merger of BSNL and
Padmaja Chunduru has been appointed managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL). Her appointment has been ratified by the shareholders of NSDL at its meeting held on September 29, the company said in a release. She has replaced GV Nageswara Rao as the MD & CEO of NSDL.
Padmaja Chunduru appointed MD, CEO of National Securities Depositories Read More »
Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC). The total consideration of Rs 34,250 crore includes an upfront cash payment of nearly Rs 14,700 crore
The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said that as per the published results for the
RBI takes Indian Overseas Bank out of PCA Framework Read More »
The government will launch the initial public offering (IPO) of ECGC in FY23 to “unlock its true value” and infuse capital of Rs 4,400 crore into the company, which has an 85% share in the country’s export credit insurance market, over the next five years. The government has also approved the Initial Public Offer (IPO) on
Govt approves IPO of ECGC and capital infusion of Rs 4,400 crore to ECGC Read More »
The Government of India has extended the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) till 31.03.2022 or the scope of the Rs 4.5 Lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) has been widened with a purpose to support the Covid pandemic hit MSME sector. Which is severely facing the liquidity issue. The last date
Prime Minister Narendra Modi today chaired the 38th PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments. In the meeting, eight projects were taken for review having a cumulative cost of around Rs 50,000 crore. Four of these projects were from the Ministry of Railways, two from the
Housing and Urban Affairs Minister Hardeep Singh Puri launched the seventh consecutive edition of Swachh Survekshan in New Delhi. It is the world’s largest urban cleanliness survey conducted by Swachh Bharat Mission-Urban. Designed with People First as its driving philosophy, Swachh Survekshan is the world’s largest urban cleanliness survey and is conducted by Swachh Bharat Mission-Urban (SBM-U). Swachh
The government launched the 7th edition of Swachh Survekshan (SS) Read More »
