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.
ECB is a loan availed by an Indian entity from a non-resident.
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.
Ganeshi Lal is the governor of Odisha.
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".
K. V. Chowdary is Central Vigilance Commissioner.
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
DIPP Works under Ministry of Commerce and Industry.
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.
Dr. Harsh Vardhan is Minister for Environment.
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.
It will infuse Rs. 83,000 crore in PSB.
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.
Salil Parekh is CEO and MD at Infosys.
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.
He will replace Ramesh Powar as coach.
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.
Antonio Guterres is the UN Secretary-General.
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.
Chennai is the capital city of Tamil Nadu.