RBI told banks to share a maximum 80% credit risk with non-banking finance companies (NBFC) for priority sector loans. The lenders should charge a single interest rate to borrowers based on the respective interest rates and proportion of risk sharing.
Banks are mandated to lend 40% of ANBC to priority areas.
YES Bank has paid ₹ 38 Cr in fines to the GST department for alleged violations in domestic remittances. The money has been paid ‘in protest’ payment. Over ₹ 32 Cr has been paid to the GST department, while ₹ 6 Cr has been paid in service tax.
Service Tax has been replaced by GST from July 2017.
Jharkhand govt has signed a MoU with National Insurance Company Ltd to provide timely medical facilities to the people of the state under the Centre's flagship health scheme - Ayushman Bharat Yojana. The scheme will cover 80% population of the state.
The scheme provides coverage of ₹ 5 Lakh per family annually.
WB has endorsed a 5-yr CPF for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth. It addresses India’s key development priorities like resource efficient and growth, job creation and building its human capital.
CPF expected to bring $ 25-30 bn from IBRD, IFC & MIGA.
IRDAI has decided to develop a regulatory sandbox to enable testing of products in a controlled environment to keep pace with the fast-evolving fintech. The approach can be used to carve out a safe and conducive space to experiment with fintech solutions.
Randip Singh Jagpal panel has set up to study fintech issues.
The first portal cybercrime.gov.in will receive complaints on objectionable online content related to child pornography, child sexual abuse etc. National Database on Sexual Offenders will assist in tracking and investigating cases of sexual offences.
Minister of Women & Child Development - Maneka Sanjay Gandhi.
IRDAI has raised the minimum insurance cover for owner-driver to ₹ 15L for a premium of ₹ 750 per annum. Now the capital sum insured (CSI) under this section for motorised two-wheelers and private cars/commercial vehicles is ₹ 1 L & ₹ 2 L respectively.
IRDAI Chairman - Subhash Chandra Khuntia; HQ - Hyderabad.
MHA and Indian Space Research Organization signed a MoU for setting up of a state-of-the-art Integrated Control Room for Emergency Response (ICR-ER). The ICR-ER will provide to the requirement of Disaster Management and Internal Security.
ISRO Headquarters - Bengaluru, Director - Kailasavadivoo Sivan
Health Ministry signed the MoUs with Dell & Tata Trusts to provide a technological platform for the program of Non-Communicable Diseases. Dell helps in developing of a platform and Tata Trusts support the quality implementation of the programme in States.
Minister of Health and Family Welfare -Jagat Prakash Nadda.
Vietnam's President Tran Dai Quang, a former police chief known as a tough politician and committed communist with little tolerance for dissent, died after a serious illness at a military hospital in Hanoi. He was 61.
He became president in 2016.