Daily News

Image

RBI introduces new reporting system for co-operative banks

RBI has introduced a new reporting system Central Information System for Banking Infrastructure (CISBI) for all co-operative banks. CISBI replaces the legacy master office file system. Banks can use the facility to access/download the data related to them.

Did you Know

Shaktikanta Das - Governor of RBI.

Image

Government e-Marketplace signs pact with Union Bank of India to avail various services

Govt e-Marketplace has signed a pact with Union Bank of India to offer several services including transfer of funds. It will facilitate a cashless, paperless and transparent payment system on the portal and will create an efficient procurement system.

Did you Know

Commerce Ministry launched the procurement portal GeM.

Image

India, China agree to set up new mechanism to address issues related to trade and services

India & China have reiterated that both countries play an important role in ensuring stability in the current international landscape. Both sides will prudently manage their differences without allowing differences on any issue to become disputes.

Did you Know

2nd informal summit b/w PM &Xi Jinping concluded at Mamallapuram

Image

India, Japan to hold joint military exercise in Mizoram

India & Japan will hold a joint military exercise in Mizoram from Oct 19 to Nov 2. The focus of the 2-week-long exercise Dharma Guardian will be to increase the interoperability btw the two forces & enhance coordination and counter terrorism.

Did you Know

The exercise is being conducted in India since last year.

Image

Eliud Kipchoge becomes first person to run marathon in under two hours

Kenya's Eliud Kipchoge has completed the first-ever marathon under two hours in the Austrian capital of Vienna, two years since he fell 25 seconds short. He ran forty-two kilometres in 1 hour, 59 minutes and 40 seconds at Vienna's Prater-Hauptallee.

Did you Know

Kenya's President - Uhuru Kenyatta.

Image

Govt constitutes committee to suggest measures to augment GST revenue

Government has constituted a committee of officers to suggest measures to augment Goods and Services Tax revenue. It has been asked to suggest urgent measures to arrest the fall in tax revenues and suggest steps to be taken to improve revenue collection.

Did you Know

It comprises GST commissioners of Maharashtra, TN, UP,WB&Punjab.

Image

MS Ananth conferred with Lifetime Achievement Award at TiECON Chennai 2019

MS Ananth was conferred with the Lifetime Achievement Award at the TiECON Chennai 2019 event. The award was given for his contributions to higher education in India, and for committed research and excellence in Chemical engineering.

Did you Know

He is the former Director of IIT Madras.

Image

Credit growth slows to 8.74% in HI

According to the Reserve Bank of India, credit growth in the first half slowed to 8.74% year-on-year (y-o-y) up to September 27, 2019. It indicates that credit risk aversion continues to play center stage, particularly for the NBFC sector.

Did you Know

RBI cuts repo rate by 135 basis points since Feb 2019.

Image

International Day for Disaster Risk Reduction - October 13

International Day for Disaster Reduction is observed on 13 October annually to raise awareness about disaster reduction. The theme is “Reduce disaster damage to critical infrastructure and disruption of basic services”.

Did you Know

"Sendai Seven" campaign was launched in 2016 by UNDRR.

Image

Sara Danius, the first female head of Nobel's literature award body, passes away at 57

Sara Danius, the 1st female head of the Swedish body that awards the Nobel Prize in Literature, has died. She was 57. She was a literature critic, Professor and writer, served as the 1t female permanent secretary of Swedish Academy b/w 2015 & 2018.

Did you Know

She published a book last year on singer-songwriter Bob Dylan.

Image

India, ADB sign 190 million dollar loan agreement for improving road connectivity in Rajasthan

India and Asian Development Bank, ADB have signed 190 million dollar loan agreement for improving road connectivity in Rajasthan.It was signed yesterday to upgrade 754 km of state highways which will benefit about 26 mn people in 14 districts of Rajasthan.

Did you Know

Director of ADB’s India Resident Mission - Kenichi Yokoyama.