Daily News

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RBI caps outstanding ECBs at 6.5% of GDP

RBI caps funds raised via external commercial borrowing (ECB) at 6.5% of the country’s GDP. Based on GDP figures for March 31, 2018, ‘the soft limit works out to $160 billion,’. outstanding stock of ECB as on September 30, 2018, was $126.29 billion.

Did you Know

ECB is a loan availed by an Indian entity from a non-resident.

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PM inaugurate the Lalitgiri Archaeological Museum

Prime Minister Narendra Modi inaugurating the Archaeological Museum, Lalitgiri. Lalitgiri is one of the earliest Buddhist settlements in Odisha in District Cuttack. most important finding of the Lalitgiri are relic caskets found inside the stupa.

Did you Know

Ganeshi Lal is the governor of Odisha.

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38th Central Vigilance Commission (CVC) Lecture Series

The 38th lecture of the “Lecture Series” organized by the Central Vigilance Commission was delivered by R S Sharma, Chairman, TRAI. The topic of the lecture was “India’s Digital Leapfrog”. India’s digital development would be powered by the “India stack".

Did you Know

K. V. Chowdary is Central Vigilance Commissioner.

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States’ Startup Ranking 2018 Announced

The Department of Industrial Policy and Promotion (DIPP) announced results of the first ever States’ Start-up Ranking 2018. Gujarat emerged as Best Performer state. objective of the exercise was to encourage States for strengthening the Start-up ecosystems

Did you Know

DIPP Works under Ministry of Commerce and Industry.

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Government Launches Asiatic Lion Conservation Project

The Ministry Environment, Forest and Climate Change ,GoI has launched the “Asiatic Lion Conservation Project” with an aim to protect and conserve the world’s last ranging free population of Asiatic Lion and its associated ecosystem.Budget of Rs. 9784 lakh.

Did you Know

Dr. Harsh Vardhan is Minister for Environment.

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Govt. to enhance bank recapitalisation outlay

Government proposal in Parliament for enhanced bank recapitalisation outlay from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world.

Did you Know

It will infuse Rs. 83,000 crore in PSB.

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Nilanjan Roy appointed as Chief Financial Officer of Infosys

Infosys Ltd. named Bharti Airtel Ltd.’s long-time executive and Global Chief Financial Officer Nilanjan Roy as its new Chief Financial Officer (CFO). He will succeed Mavinakere Dwarakanath Ranganath.

Did you Know

Salil Parekh is CEO and MD at Infosys.

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W V Raman appointed India women's team coach

Former India opener, W. V. Raman has been appointed the new coach of the Indian women's cricket team. It was based on recommendations of the ad-hoc committee comprising Mr Kapil Dev, Mr Anshuman Gaekwad and Ms Shantha Rangaswamy.

Did you Know

He will replace Ramesh Powar as coach.

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UN General Assembly adopts global framework on International migration

The UN General Assembly has adopted the Global Compact for Safe, Orderly and Regular Migration, the first-ever negotiated global framework on a common approach to international migration in all its dimensions. India voted in favour of resolution.

Did you Know

Antonio Guterres is the UN Secretary-General.

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Chennai's ‘₹5 doctor’ S. Jayachandran passed away

North Chennai’s famous ‘₹5 doctor’ S. Jayachandran passed away. The 71-year-old doctor, an alumnus of Madras Medical College, used to treat people often for free during his 43-year-long career.

Did you Know

Chennai is the capital city of Tamil Nadu.