The ‘Alternative Mechanism’ of the finance ministry has accorded in-principle approval for merging of Bank of Baroda with Dena & Vijaya Bank. BoB is the transferee bank, while Vijaya Bank & Dena Bank are the transferor banks in the amalgamation process.
Alternative Mechanism headed by Finance Minister Arun Jaitley.
Paisabazaar.com and Karnataka Bank have announced a strategic partnership to offer the bank’s home loan product to customers on the Paisabazaar platform. Through the platform, consumers can be able to choose and apply for a home loan from bank.
Managing Director & CEO of Karnataka Bank - Mahabaleshwara M S.
MoRD signed MOU with Maruti Suzuki for training rural youth for skill development under Deen Dayal Upadhyaya Grameen Kaushalya Yojana. This partnership will provide training to at least 5000 candidates in 2 years with assured placement to the rural youth.
Narendra Singh Tomar is the Union Minister of Rural Development.
In SDG Index, Himachal Pradesh ranks high on providing clean water & sanitation, in reducing inequalities & preserving mountain ecosystem. Kerala ranks top on providing good health, reducing hunger, achieving gender equality & providing quality education.
The SDG index maps progress of States & UTs towards 2030 SDGs.
The civil aviation ministry along with the AAI launched an official mobile app named GAS 2019 for the global aviation summit to be held in Mumbai next month. It enables users to interact with the co-delegates and speakers through the platform.
Summit will be hosted by Min. of civil aviation, AAI & FICCI.
Asma Jahangir was awarded the UN Human Rights Prize 2018 posthumously. Other winners are women's rights activist in Tanzania Rebeca Gyumi, rights of Brazilian communities activist Joenia Wapichana & Ireland's human rights organisation Front Line Defenders.
The award was established by the General Assembly in 1966.
Microsoft announced a 3-year Intelligent Cloud Hub collaborative programme in India to empower institutes to skill students in AI and Cloud technologies. It will equip selected research and higher education institutions with AI infrastructure.
India is the first country to have a programme under Microsoft.
Sushma Swaraj & Wang Yi held talks under the ‘High Level Mechanism on Cultural and People-to-People Exchanges’ to boost people-to people contact and cultural exchanges between the two neighbours at the 3rd India-China High Level Media Forum.
Xi Jinping is the President of China.
Private sector lender ICICI Bank expects GDP to grow by 7.2% in 2018-19 and is likely to grow by 7.4% in 2019-20. The Centre’s fiscal deficit to exceed the full-year target by 0.2% to 0.3% of the GDP.
The Centre has targeted the fiscal deficit at 3.3% of the GDP.
State Bank of India would raise ₹2,045 crore by issuing Basel III compliant bonds. the bonds are debentures of face value of ₹10 lakh each bearing coupon of 9.37% per annum payable annually with call option after 5 years.
Prashant Kumar is the Chief Financial Officer of SBI.