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RBI form panel to review supervisory framework for core investment companies

Reserve Bank of India has set up a six-member working group to review the regulatory and supervisory framework for Core Investment Companies (CICs). The panel will be headed by Tapan Ray, Non-Executive Chairman, CBI. The move comes as the corporate group structures becomes more complex and layered. The working group has been asked to submit […]

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Hyderabad airport launches Face Recognition system for entry on pilot basis

Hyderabad’s Rajiv Gandhi International Airport is set to launch the face-recognition facility under the Centre’s Digi Yatra Policy for the first time in India. Trials began on July 1 and will continue for a month. The face-recognition technology will remove the Central Industrial Security Forces (CISF) physically checking passengers’ government issued identification documents at the

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US-India Strategic Partnership Forum Honors Mastercard CEO and President Ajay Banga and Wipro Chairman Azim Premji with Global Excellence Award

The US-India Strategic Partnership Forum (USISPF) today announced that Mastercard CEO and President, Ajay Banga, and Wipro Chairman, Azim Premji, will receive the 2019 Global Excellence Awards at the USISPF Second Annual Leadership Summit in Washington, D.C. on July 11. Jared Kushner, Senior Adviser to the President of the United States, will present the awards

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Putin says Russia is ready to talk to the US about arms control

President Vladimir Putin said Russia is ready to restart discussions with the U.S. over arms control and denied that the collapse of a significant nuclear missile treaty between the two nations would prompt an arms race. Putin said there had “recently been signs that Washington is beginning to consider resuming bilateral dialogue on a wide-ranging

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Karnataka Bank launches web tool for NPA recovery process

Karnataka Bank Ltd has launched the web tool – ‘Vasool So-Ft’ (Vasool So-Fast) – for digitalising the NPA (non-performing asset) recovery process of the bank. Launching the tool in Mangaluru, Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank, said the digital tool for the recovery of stressed assets will provide an end-to-end

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Uttar Pradesh State government has announced to piped water

The Uttar Pradesh State government has announced piped water for every rural home in the state within two years. The Yogi Adityanath-led government has already begun its work on the piped water programme.The State has planned to divide Jal Nigam’s work into urban and rural areas for better implementation. The works are carried out under

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Airtel Payments Bank and Bharti AXA Life Insurance announce first of its kind alliance to offer ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’

Bharti AXA Life Insurance and Airtel Payments Bank announced a first-of-its-kind alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme aimed at increasing the penetration of life insurance among underinsured masses and contributing to financial inclusion in the country. The product ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY)

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ICICI Bank has tied up with IndoStar Capital Finance Ltd (IndoStar) to finance purchase of used and new commercial vehicles (CV) by small and medium fleet owners

ICICI Bank announced that it has partnered with IndoStar Capital Finance Limited (IndoStar), a systemically important Non-Banking Finance Company (NBFC), to finance small and medium fleet owners to purchase used and new commercial vehicles (CV). This is a first-of-its-kind lending programme in the country between a commercial bank and an NBFC to finance commercial vehicles.

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The International Monetary Fund (IMF) approves $6 billion loan for cash-strapped Pakistan

The IMF on 3 July approved a USD 6 billion loan over a period of three years for cash-strapped Pakistan, aimed at returning sustainable growth to the country’s fragile economy and improve the standards of living. Pakistan’s finance ministry approached the International Monetary Fund (IMF) in August 2018 for a bailout package when the Imran

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Maharashtra got first rank in NITI Aayog launched plan “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI)”.

Maharashtra achieved first rank in NITI Aayog launched “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI), which ranks states based on the degree of reforms they have undertaken in agricultural marketing. “The State has implemented most of the marketing reforms and it offers best environment for doing agri-business among all the States/UTs. Gujarat ranks second

Maharashtra got first rank in NITI Aayog launched plan “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI)”. Read More »