Daily News

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Venu Srinivasan first Indian to get Deming award for total quality management

Venu Srinivasan, chairman of TVS Motor Company and Sundaram Clayton has been conferred with the prestigious Deming ‘Distinguished Service Award For Dissemination and Promotion Overseas’, at a ceremony held in Tokyo.

Did you Know

Deming Prize sponsors- Japanese Union of Scientists & Engineers.

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RBI working group on core investment companies submits report

As per the recommendations of Working Group to Review Regulatory and Supervisory Framework for Core Investment Companies(CICs) headed by Tapan Ray, CICs will have to form board level committees, appoint independent directors and conduct internal audits.

Did you Know

Tapan Ray, former secretary of the corporate affairs ministry.

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Cabinet nod for signing revised DTAC with Brazil

Cabinet, headed by PM Narendra Modi, gave nod for signing of a revised Double Taxation Avoidance Convention (DTAC) with Brazil with an aim to provide tax certainty, among other things, to investors and businesses of both countries.

Did you Know

The existing DTAC b/w India & Brazil was signed on April 26,1988

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Three books on Guru Nanak Dev Ji launched at Sri Guru Teg Bahadur Khalsa College

On the occasion of 550th Birth Anniversary of Guru Nanak Dev Ji HRD Minister Ramesh Pokhriyal Nishank along with Food Processing Industries Minister launched three books namely, Guru Nanak Bani, Nanak Bani, and Sakhian Guru Nanak Dev.

Did you Know

Food Processing Industries Minister- Harsimrat Kaur Badal.

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IMF cuts eurozone growth forecasts as Germany slows and Italy stalls

Acc. to International Monetary Fund, Eurozone economic growth is set to slow more than expected as the bloc’s manufacturing crisis could spill over to the larger services sector under protracted global trade tensions.19-country eurozone would grow by 1.2%.

Did you Know

IMF HQs- Washington, D.C., United States.

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Ujjivan Small Finance Bank Launches Instant Digital Savings and Instant Fixed Deposit Account

Ujjivan Small Finance Bank launches Digital Savings Account along with Fixed Deposit & Privilege Savings Account to offer distinctive banking & digital services to its customers. One can deposit up to a max. amount of Rs.1 Lakh in this account without KYC.

Did you Know

Samit Ghosh, CEO & Managing Director, Ujjivan Small Finance Bank

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Govt allocates unique Harmonized System (HS) code for Khadi

In a move to give impetus to the export of Khadi, the govt. has allocated a separate Harmonized System (HS) code for this fabric. Khadi did not have exclusive HS code and all the export data regarding this fabric used to come under the normal fabric head.

Did you Know

Khadi & Village Industries Commission Chairman- Vinai Kr.Saxena.

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India, Russia sign agreement to form aftersales support groups for defence equipment to boost Make in India

India & Russia have signed an inter-governmental agreement on the manufacturing of spares, components and aggregates through joint ventures to reduce the cost and augment indigenisation. Agreement was signed at 19th IRIGC-M&MTC meeting.

Did you Know

It was co-chaired by Defence Minister Rajnath Singh.

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Centre approves Rs 25,000 crore fund to help stalled housing projects

Government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects. Alternative Investment Fund (AIF) will comprise Rs 10,000 crore coming from the government and the remaining being provided by state insurer LIC and SBI.

Did you Know

AIF, was first announced by FM on September 14, 2019.

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Cabinet approves MoU between India, Switzerland on climate change

Union Cabinet chaired by Prime Minister Narendra Modi gave its ex-post facto approval to the Memorandum of Understanding (MoU) between India and Switzerland on technical cooperations in the field of climate change.

Did you Know

Switzerland President- Ueli Maurer.

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China and France sign deals worth $15 billion

China and France signed contracts totaling $15 billion during a visit by President Emmanuel Macron.Deals were struck in the fields of aeronautics, energy and agriculture, including approval for 20 French companies to export poultry, beef and pork to China.

Did you Know

France bordered by Belgium,Luxembourg &Germany to the northeast.