Daily News

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Jana Small Finance Bank gets Scheduled Bank status

Jana Small Finance Bank Ltd, which commenced banking operations in March 2018, has got the status of a Scheduled Bank. It has been put in the list of the banks included in the second schedule of RBI Act 1934.

Did you Know

Ajay Kanwal, MD & CEO of Jana Small Finance Bank

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RBI panel moots extended hours for strong forex market

Reserve Bank of India panel headed by Usha Thorat has recommended that onshore market hours may be suitably extended to match the flexibility provided by the offshore market. This is aimed at incentivising non-residents to hedge in the onshore market.

Did you Know

Offshore markets are usually referred to as NDF markets.

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LIC launches Jeevan Amar protection plan

LIC has launched a new term-insurance plan called Jeevan Amar. It is a non-linked, without profit, pure protection plan, and is available for sale offline. It offers the flexibility to choose from two death benefit options.

Did you Know

Min. sum assured under the plan is ₹25 L with no max. limit.

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President Kovind gives assent to National Medical Commission Bill

President Ram Nath Kovind has given his assent to the National Medical Commission Bill, 2019, which was passed by both Houses of Parliament. The NMC will be an overarching body, which will frame policies and coordinate activities of four autonomous boards.

Did you Know

The NMC Act will repeal the Indian Medical Council Act 1956.

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Lenovo names Ashok Nair as Director for India Service Operations

Lenovo India, announced the appointment of Ashok Nair as the Director for India Service Operations. Service is a strategic focus area for Lenovo and with this appointment, Lenovo aims to become a true customer centric brand, while driving growth.

Did you Know

Lenovo HQs- Quarry Bay, Hong Kong.

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South Africa batsman Hashim Amla retires from international cricket

South African batsman Hashim Amla,36 announced his retirement from international cricket. He hit 55 international centuries, 28 in Tests and 27 in ODIs playing 124 Tests, 181 ODIs and 44 T20Is between 2004 and 2019.

Did you Know

He struck 311 not out against England at The Oval in 2012.

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Govt sanctions over 5,500 electric buses under FAME Phase II

The Department of Heavy Industry approved the sanction of 5,595 electric buses to 64 cities, state government entities, and state transport undertakings for intra-city and inter-city operation under FAME India scheme Phase II to push for clean mobility.

Did you Know

In 2019 Budget, Rs 10,000 crore -allocation for FAME II scheme.

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PNB Housing raises $75 million in ECB from Sumitomo Mitsui Bank

PNB Housing Finance (PNBHFL) has raised $75 million or Rs 522 crore external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC), Singapore. The ECB is under the RBI’s automatic route of approval.

Did you Know

Sanjaya Gupta, Managing Director, PNBHF.

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PV Sindhu only Indian among Forbes list of world’s highest-paid female athletes

As per Forbes released list of World’s Highest Paid Female Athletes badminton star P V Sindhu with total earnings of 5.5 million dollars is the only athlete from the country to be named among the achievers.

Did you Know

Serena Williams,topped the annual list.

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ADB to provide $200 million for all-weather rural road project in Maharashtra

Asian Development Bank (ADB) approved a USD 200 million loan for improving road infrastructure in 34 districts of Maharashtra to better connect rural areas with markets and services. It will also work with the rural infrastructure agency, the MRRDA.

Did you Know

MRRDA -Maharashtra Rural Road Development Association.