Daily News

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Pramod Chandra Mody named as the next CBDT chairman

Senior bureaucrat Pramod Chandra Mody has been appointed as chairman of Central Board of Direct Taxes (CBDT), a top policy-making body for the income tax department. He has been working as the Member (Administration) in the CBDT.

Did you Know

CBDT is headed by a chairman & can have a max of 6 members.

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RBI lifts cap on FPI investments in corporate bonds

The Reserve Bank of India (RBI) withdrew the 20 percent limit on investments by FPIs in corporate bonds of an entity with a view to encouraging more foreign investments. It was aimed at incentivizing FPIs to maintain a portfolio of assets.

Did you Know

RBI Founded-1 April 1935

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J.P. Morgan Chase Becomes First U.S. Bank With a Cryptocurrency

J.P. Morgan became the first U.S. bank to create and test a digital coin for payments called the JPM Coin. It is intended for the bank’s wholesale payments business that moves $6 trillion around the world daily.

Did you Know

cryptocurrency uses cryptography for security.

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Rs 11K cr World Bank fund for 700 dams in India

The World Bank accepted the Government of India proposal for funding Rs 11,000 crore to rehabilitate around 700 dams. The two-day International Dam Safety conference recently concluded in Bhubaneswar, Odisha.

Did you Know

Kristalina Georgieva, interim president & CEO of the World Bank.

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Arun Jaitley resumes charge of finance ministry

Union Minister Arun Jaitley resumed charge as finance minister after his return from the US. He will now address the board meeting of the Reserve Bank of India (RBI) scheduled to take place in New Delhi on 18 February.

Did you Know

Piyush Goyal presented the 6th budget of the NDA government.

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Train 18 flagged off by PM Modi, government plans 130 such trains

Prime Minister Narendra Modi flagged off India's first semi-high-speed train, the Vande Bharat Express, carrying a contingent of journalists and Railway Minister Piyush Goyal from New Delhi to Varanasi.

Did you Know

It can run at a maximum speed of 180 km per hour.

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Govt gets ₹10,000 crore from additional offering of Bharat-22 ETF

The government has raised ₹10,000 crore by the additional offering of Bharat-22 Exchange Traded Fund (ETF). It would help the government move towards meeting the ₹80,000 crore disinvestment target set for the current fiscal.

Did you Know

ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco.

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Bihar govt announces Mukhyamantri Vridhajan Pension Yojna

Bihar government has announced a universal old age pension scheme - Mukhyamantri Vridhajan Pension Yojna- MVPY for all people above 60 years of age. All will be eligible for 400 rupees monthly pension irrespective of caste, religion or community.

Did you Know

Governor of Bihar- Lalji Tandon

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World Health Organisation: Measles cases nearly doubled in a year

As per the World Health Organisation (WHO) report, The total number of people infected with the measles virus in 2018 was the highest this decade – three times the total reported in 2017 and 15 times the record low number of people affected in 2016.

Did you Know

World Health Organisation Headquarter-Geneva, Switzerland.

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PepsiCo’s Kurkure signs Taapsee Pannu as brand ambassador

Kurkure, the snack brand owned by PepsiCo India, announced that it has appointed actor Taapsee Pannu as its brand ambassador. It also unveiled a new brand positioning ‘Khayal toh chatpata hai’.

Did you Know

PepsiCo was founded by Caleb Bradham.