The 8-member committee under UK Sinha will examine the factors affecting the timely & adequate availability of finance to MSME sector. The panel will submit its report by June 2019. RBI allowed one-time restructuring of existing debt up to ₹25 Cr for MSME.
UK Sinha is SEBI’s Ex chairman.
PM Narendra Modi will inaugurate the 106th Indian Science Congress in Jalandhar. The theme of this 5-day mega event is ‘Future India: Science and Technology’. This meet brings together leaders in science & technology from the country & abroad every year.
VP Singh Bandore is the governor of Punjab.
RBL Bank has appointed Pankaj Sharma as its chief operations officer to overlook the corporate services function & bank’s overall operations. He was heading retail operations in Axis Bank. He also worked with GE Countrywide, ICICI Bank & ICICI Prudential.
Vishwavir Ahuja is the CEO and MD of RBL Bank.
Syndicate Bank & SBI Life Insurance signed a bancassurance pact to offer a comprehensive financial planning solution to its customers. Increasing life insurance penetration is a strategy focus of Syndicate bank & they start pilot project in 3 districts.
MD and CEO of Syndicate Bank - Mrutyunjay Mahapatra.
Bharti AXA Life Insurance has started delivering policies and renewal premium receipt to customers via instant messaging platform WhatsApp. It is a part of its alternative service option to the policy holders.
Bharti AXA Life Insurance was started in 2006.
FDI equity inflow of ₹ 1.21 Cr has been reported in the sector namely 'Defence Industries' during the period 2014-2018. In 2013-14, 2014-15 & 2015-16, defence industries had received $0.82 million, $0.08 million & $0.10 million foreign inflows respectively
In defence sector, FDI beyond 49% has allowed via approval route
IIT Bombay & 7 oil PSUs inked a MoU for setting up Centre of Excellence in Oil, Gas and Energy to develop a mechanism to link up our energy industry and academics & academics to address energy requirements with new and innovative, indigenous technology.
Dharmendra Pradhan - Minister for Petroleum and Natural Gas.
Veer Savarkar International Airport has been declared as an authorized Immigration Check post for entry into/exit from India with valid travel documents for all classes of passengers. Direct international flight & immigration facilities will be opened.
Port Blair is the capital of the Andaman and Nicobar Islands.
The cricket coach credited for discovering Sachin Tendulkar, Ramakant Achrekar died. He was 87. Besides Tendulkar, he also coached some prominent players in Vinod Kambli, Pravin Amre, Sameer Dighe and Balwinder Singh Sandhu.
Achrekar was bestowed the Padmashri award in 2010.
Jair Bolsonaro has been sworn in as the 42nd president of Brazil. He was elected president in the October 2018 elections, defeating Fernando Haddad. He addressed Brazil’s liberation from socialism, inverted values, bloated state & political correctness.
Brasilia – Capital of Brazil; Currency of Brazil – Real.