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US Senate passes legislative provision to give India NATO ally-like status

The US Senate has passed a legislative provision that brings India at par with America’s NATO allies and countries like Israel and South Korea for increasing defence cooperation. The National Defense Authorisation Act or NDAA for the fiscal year 2020, that contained such a proposal was passed by the US Senate. Introduced by Senate India […]

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US adds Balochistan Liberation Army to terrorism list

The United States on 2 July added Balochistan Liberation Army (BLA) to its Specially Designated Global Terrorist (SDGT) list. US Department of State accused Balochistan Liberation Army of “targetting Chinese engineers in Balochistan” and Gwadar terrorist attack. The Department of State has designated the Balochistan Liberation Army (BLA) and Hizballah operative Husain Ali Hazzima as

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RBI imposes fine on four public sector banks for violating KYC norms

The Reserve Bank of India (RBI) has imposed penalties ranging between Rs 25-50 lakhs on four state-run lenders for violating Know Your Customer (KYC) norms and anti-money laundering standards. Punjab National Bank, Allahabad Bank, and UCO Bank were fined Rs 50 lakh each while Corporation Bank was fined Rs 25 lakh. The banking regulator found

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Cabinet approves Code on Wages Bill

The Union Cabinet approved the Code on Wages Bill on 3 July, which subsumes existing laws regarding minimum wages and other workers’ remuneration issues as part of the government’s efforts to improve ease of doing business. Speaking to the media after the Cabinet meting, Information and Broadcasting Minister Prakash Javadekar said the Cabinet had approved

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Odisha govt to host 21st Commonwealth Table Tennis Championship 2019

Odisha government today signed an MoU with the Table Tennis Federation of India (TTFI) and Odisha State Table Tennis Association(OSTTA) to host the 21st Commonwealth Table Tennis Championship 2019 at Cuttack. The championship will be held at Jawaharlal Nehru Stadium Cuttack from July 17 to 22 next. Most of the top Commonwealth countries are participating

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Karnam Sekar is new head of IOB

Public sector Indian Overseas Bank on July 1 said it has elevated Karnam Sekar as the new Managing Director and Chief Executive Officer with immediate effect, replacing R Subramaniakumar. Prior taking up the new role, Sekas was appointed as an officer on Special Duty and Whole Time Director in April, the city-headquartered bank said in

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SBI inks MoU with NIIF to boost capital availability

State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets, according to the joint statement issued by

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