SBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for the fiscal 2019-20. Union Bank of India's G Rajkiran Rai, S.S Mallikarjuna Rao of PNB & Madhav Kalyan of JP Morgan Chase Bank have been elected as deputy chairmen.
Rakesh Shamra is the honorary secretary of IBA.
Anil Kumar Gautam sworn in as Director of Finance at NTPC Limited. NTPC is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is incorporated under Companies Act 1956 & is promoted by GOI.
NTPC is headquartered in New Delhi.
Dr Jitendra Singh inaugurated 11th Nuclear Energy Conclave in New Delhi. Theme of the Conclave: “Economics of Nuclear Power-Innovation towards Safer & Cost-Effective Technologies”. Govt has diversified the applications of nuclear energy in various fields.
A nuclear plant is coming up in the Gorakhpur of Haryana.
DRDO signed 30 licensing agreements for Transfer of Technology with 16 Indian companies at the Vibrant Goa Global Expo & Summit 2019. DRDO develops technologies for the Armed Forces & has been carrying out ToT of these technologies to the defence industry.
Goa CM Shri Pramod Sawant inaugurated the event.
Andaman & Nicobar Command has conducted the 2nd edition of Defence of Andaman & Nicobar Islands-DANX19 at Port Blair. Components of the Indian Army, Navy, Air Force & Coast Guard carried out mobilisation and field manoeuvres validate defensive plans.
It was held from 14 Oct to 18 Oct 2019.
Businesses with an annual turnover of more than ₹50 crore will have to mandatorily offer electronic mode of payments to their customers from 1 November. MDR- charge that banks impose on commercial transactions-will not be levied on customers/merchant.
MDR - Merchant Discount Rate.
Telangana toped in capex on irrigation during 2015-19 according to study by CARE Ratings. But it stands 7th among the top 10 States in terms of expenditure incurred on capital outlay/asset creation (capex). Tamil Nadu spent highest on urban development.
Bihar spent highest on rural development.
Ghaziabad’s Loni emerged as the most polluted city in the country as per Central Pollution Control Board’s AQI figures. The AQI figures for Ghaziabad ranked in the “very poor” category &topped the list of 108 most polluted cities. Loni’s AQI figure is 359.
AQI – Air Quality Index.
Indian boxers clinched 21 medals-including 6 golds and 9 silvers- to end with the best medal haul among 26 competing countries at the Asian Junior Championships held in UAE. But team finished as 2nd behind Uzbekistan which had a better gold count of 8.
Uzbekistan clinched a total of 20 medals.
Internationally acclaimed Bangladesh painter Kalidas Karmakar passed away at the age of 73. He was awarded Shilpakala Padak & the Ekushey Padak by the Govt of Bangladesh for his contribution to fine arts. He conducted solo exhibitions on many countries.
He was known for his installation work using diverse materials.
FM Nirmala Sitharaman led the Indian delegation at G20 Finance Ministers & Central Bank Governors as well as the BRICS Finance Ministers & Central Bank Governors meetings in Washington. IMF/WB Annual Meetings will also be held in Washington D.C this week.
She also attended Industry Roundtable organized by USIBC & CII.