Current Affairs September 2021

ADB approves $112 million loans to improve water supply infrastructure in Jharkhand

The Asian Development Bank (ADB) has approved a $112 million loan to finance water supply infrastructure in four towns in the state of Jharkhand. Asian Development Bank (ADB) and the Government of India have signed a USD 112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in […]

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RBI approves re-appointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank

The Reserve Bank of India (RBI) has given its approval for the re-appointment of V. Vaidyanathan as the Managing Director (MD) & Chief Executive Officer (CEO) of the IDFC First Bank. Mr. Vaidyanathan has been appointed for a further period of three years, which will be effective from December 19, 2021. He first took charge as the MD

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Bank of Baroda’s launches digital platform ‘bob World’

Bank of Baroda on Wednesday launched its one-stop digital banking platform ‘bob World’. The application will provide “seamless, contactless, and effortless” banking services under a single roof. With over 220 services, the app, which is available in Google Play Store and App Store, will cover 95% of all retail banking services which can be accessed

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Centre Forms Panel To Frame New Law For Drugs, Cosmetics, Medical Devices; Head – Dr. VG Somani

The government has constituted an eight-member panel to frame a new law for drugs, cosmetics, and medical devices. The panel is being headed by the Drugs Controller General of India (DCGI) Dr VG Somani. “The government has decided to constitute a committee for framing/preparation of the New Drugs, Cosmetics and Medical Devices Bill so that

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CBDT sets up 3 Boards for Advance Rulings (BAR) to fast-track tax disputes

The Central Board of Direct Taxes (CBDT) has set up three Boards for Advance Rulings (BAR). the Boards will ensure faster disposal of cases and avoid income tax disputes, made operational from September 01, 2021. These BARS will take place of Authority for Advance Rulings (AAR) to avoid dispute in respect of assessment of tax

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IIT Madras Retains Top Spot in Overall Category of NIRF India Ranking 2021

Education Minister Dharmendra Pradhan released the National Institute of Ranking Framework (NIRF) ranking 2021 on Thursday (September 9). The Indian Institute of Technology (IIT Madras) has retained the top spot in the overall category, followed by IISc Bangalore. The rankings have been released for 11 categories- Overall, University, Management, College, Pharmacy, Medical, Engineering, Architecture, ARIIA (Atal Ranking

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Govt appoints 10 merchant bankers for managing IPO of LIC

The government has appointed ten merchant bankers including SBI Capital Market Limited, Goldman Sachs (India) Securities, Citigroup Global Markets India and Nomura Financial Advisory and Securities India to manage the Initial Public Offering, IPO of Life Insurance Corporation of India, LIC. The IPO of LIC is likely to be launched in the January-March quarter of

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World Suicide Prevention Day: 10 September

It is observed on 10 September to raise awareness about taking action worldwide to prevent cases of suicide. The purpose of this day is to raise awareness around the globe that suicide can be prevented. The theme for the 2021 World Suicide Prevention Day is “Creating hope through action”. History of World Suicide Prevention Day: The International

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Centre appoints G.S Pannu as Officiating ITAT President

The Central Government has appointed G.S. Pannu as President of the Income Tax Appellate Tribunal. The appointment is in officiating capacity with effect from the forenoon of 6th September, 2021, till the regular President is appointed or until further orders, whichever is earlier. About the G.S. Pannu: Mr. Pannu was born on 01 Aug 1962 at Hoshiarpur (Punjab), he is

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RBI removes lending curbs on UCO Bank

State-owned UCO Financial institution will now not be topic to strict lending curbs imposed in Might 2017, with the Reserve Financial institution of India (RBI) taking the lender out of the immediate corrective motion ( Prompt Corrective Action ) restrictions. With this, solely two banks stay underneath PCA—Indian Abroad Financial institution and Central Financial institution

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