Daily News

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RBI sets up MSME panel

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.

Did you Know

UK Sinha is SEBI’s Ex chairman.

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PM Modi to inaugurate Indian Science Congress in Jalandhar

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.

Did you Know

VP Singh Bandore is the governor of Punjab.

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RBL Bank appoints Pankaj Sharma as its chief operations officer

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.

Did you Know

Vishwavir Ahuja is the CEO and MD of RBL Bank.

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Syndicate Bank and SBI Life Insurance sign a bancassurance pact

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.

Did you Know

MD and CEO of Syndicate Bank - Mrutyunjay Mahapatra.

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Bharti AXA Life uses WhatsApp to deliver policy, renewal premium

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.

Did you Know

Bharti AXA Life Insurance was started in 2006.

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Defence industries received Rs 1.21 cr FDI during 2014-18: Commerce Min

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

Did you Know

In defence sector, FDI beyond 49% has allowed via approval route

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Oil PSUs sign pact with IIT Bombay to set up centre of excellence

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.

Did you Know

Dharmendra Pradhan - Minister for Petroleum and Natural Gas.

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Veer Savarkar International Airport in Port Blair declared as an authorized Immigration Check post

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.

Did you Know

Port Blair is the capital of the Andaman and Nicobar Islands.

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Cricket coach Ramakant Achrekar passes away

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.

Did you Know

Achrekar was bestowed the Padmashri award in 2010.

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Jair Bolsonaro is sworn in as the 42nd president of Brazil

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.

Did you Know

Brasilia – Capital of Brazil; Currency of Brazil – Real.