Daily News

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Government approves ₹ 600 crore subsidy sops to merchant exporters

Govt decided to offer 3% interest subsidy to merchant exporters, entailing an expenditure of ₹ 600 Cr to enhance liquidity with a view to boosting outbound shipment. Agriculture, textiles, leather, handicraft & machinery would be benefitted in this scheme.

Did you Know

Interest subsidy scheme started in 2015. It will end in 2020.

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FSSAI notifies new packaging norms, to come into effect from July 1

FSSAI notified new packaging regulations which prohibit the use of newspaper or recycled plastics including carrying bags for packing, wrapping, storing, transporting or dispensing articles of food products. It will come into force from July 1.

Did you Know

Pawan Agarwal is the CEO of FSSAI.

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SEBI comes out with rules for single regime for FPI, NRI fund flows

SEBI has come out with rules for a merger of FPI & NRI routes to bring in a single regime for & regulate fund inflow. If single & aggregate NRI/OCI/RI holdings in assets are below 25% & 50% respectively then they will be allowed to be constituents of FPI.

Did you Know

SEBI working group is headed by HR Khan.

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Mahindra, Maharashtra govt sign MoU to develop tourism in Murud

A subsidiary of Mahindra Lifespace Developers, Deep Mangal Developers signed MoU with Maharashtra govt to develop a 1300-acre eco-friendly tourist destination at Murud, Raigad. It will be the largest medical & wellness tourism investment in the state.

Did you Know

Devendra Fadnavis is the Chief Minister of Maharashtra.

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Jindal Steel and Power Ltd. names Sudhanshu Saraf as CEO of Steel Business

Jindal Steel and Power Ltd has appointed Sudhanshu Saraf as chief executive officer of its steel business with immediate effect. Saraf succeeds Naushad Akhter Ansari, who was elevated to the post of joint Managing Director effective from January 1, 2019.

Did you Know

Naveen Jindal is the Chairperson of Jindal Steel and Power Ltd.

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Arunima Sinha Becomes World’s First Woman Amputee to Scale Antarctica’s Mount Vinson

Arunima Sinha has become the world’s first female amputee to climb the Mount Vinson which is the highest peak of Antarctica. Also, she became the world’s first woman to climb Mount Everest in 2013.

Did you Know

Sinha is a national level volleyball player.

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Google Launchpad to retain focus on AI start-ups in India

Google Launchpad’s India accelerator programme would continue to focus on AI start-ups. Agriculture & healthcare technology is emerging themes in India which Google Launchpad is likely to back in the future given their scalability & high impact potential.

Did you Know

The programme started in July 2018 with Bengaluru as its hub.

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100% houses in 25 states electrified under Saubhagya Yojana

25 states achieved 100% household electrification under PM Sahaj Bijli Har Ghar Yojana (Saubhagya). Assam, Rajasthan, Meghalaya & Chhattisgarh are left to be electrified. The Scheme aims to achieve universal household electrification by 31 March 2019.

Did you Know

Saubhagya Yojana was launched in September 2017.

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HDFC MF surpasses ICICI Prudential MF to become largest AMC in India

HDFC Mutual Fund has pipped ICICI Prudential MF to become the country’s largest asset management company after a gap of over two years. AUM of HDFC MF has grown over 9% in the October-December quarter from the previous three-month period.

Did you Know

CVR Rajendran is the CEO of Association of Mutual Funds in India

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Bengali writer Dibyendu Palit passes away

Renowned Bengali writer Dibyendu Palit died. He was 79. He was conferred the Sahitya Akademi for his novel ‘Anubhab’ in 1998. He was awarded the ‘Bankim Purashkar’ for ‘Dheu’ in 1990 and ‘Ananda Purashkar’ in 1984 for ‘Sahojoddha’.

Did you Know

His first short story ‘Chhandopatan’ was published in 1955.