Sunil Mehta panel incorporated an asset management company for resolving large NPAs that will be called as Sashakt India Asset Management. The panel is working to identifying potential investors for an alternate investment fund which will fund the AMC.
A Panel had to float an AMC & AIF to resolve NPAs over ₹ 500 Cr.
NITI Aayog has constituted the Himalayan State Regional Council chaired by VK Saraswat to ensure sustainable development of the Himalayan region. The council will review & implement the identified action points based on the Reports of five Working Groups.
The CEO of NITI Aayog is Amitabh Kant.
The Odisha Government will be unveiling a new policy for media and entertainment industry with the help of FICCI in next two months. It will be a significant development in taking Odia film industry to the next level.
FICCI is the industry partner for 5-day Make in Odisha Conclave.
Radha Mohan Singh launched the ‘Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme’ of the National Cooperative Development Corporation. The scheme will be linked to ₹ 1000 Cr Cooperative Start-up and Innovation Fund.
Sundeep Kumar Nayak is the Managing Director of NCDC.
Fitch put the real GDP growth of India in the current financial year 2018-19 at 7.8%, up from 6.7% in the previous FY2017-18. It expected current-account deficit to widen to 3% in FY2018-19 and 3.1% in FY2019-20 from 1.9% in FY2017-18.
Fitch’s sovereign rating for India is BBB-.
ADB & India have signed a $300-million loan to support lending by India Infrastructure Finance Company Ltd (IIFCL). It enhances the availability of long-term finance for Public-Private Partnership projects, improve the operational capacity of IIFCL.
India Infrastructure Finance Company Limited was set up in 2006.
India and the UK agreed to strengthen cooperation to deal with terrorism-related challenges such as countering radicalization and terror financing as well as preventing the use of the internet for terrorist purposes.
2019 India-UK Joint Working Group Meeting will be held in London
The Ministry of Women and Child Development has decided to use the Nirbhaya Fund to set up 1,023 fast track courts to dispose off pending cases of rape of children and women. The project has a total financial implication of ₹ 767.25 Crore.
Union Minister of Women and Child Development - Maneka Gandhi.
The director of KIMS-Ushalakshmi Centre for Breast Diseases P. Raghu Ram has been elected the president of Association of Surgeons of India. He has become one of the youngest surgeons in the country to be elected to the post of president of the association
Association of Surgeons of India is headquartered at Chennai.
SBI Chairman Rajnish Kumar stated that PMJDY enrolled 300 million people from the low-income groups in the banking system in 1 year. SBI has started to reap profits as a total of ₹ 260 bn has been deposited with them under PMJDY with an average of ₹ 1800.
32% bank accounts of the total PMJDY accounts are held by SBI.