RBI has formed a 3-member advisory committee to assist the administrator of troubled mortgage lender DHFL. Rajiv Lall, of IDFC; N.S. Kannan, MD & CEO, ICICI Prudential Life; & N.S. Venkatesh, CEO, AMFI, are part of the committee
Dewan Housing Finance Ltd Head Office: New Delhi
Centre has decided to grant ₹600 cr. as interim relief for Maharashtra farmers whose kharif crops were affected due to heavy rains in Oct.The Centre is awaiting details from the state government & funds will be released after it certifies eligible farmers.
Maharashtra CM: Devendra Fadnavis; Governor: Bhagat S Koshyari
Intensified Mission Indradhanush (IMI) 2.0 that is to be rolled out from 2 Dec 2020 will focus on 272 districts of 27 states & 652 blocks of Uttar Pradesh / Bihar among hard-to-reach and tribal populations which will be completed by March 2020
Aim is to achieve 90% immunisation coverage across India
1st flight from Kalaburagi Airport to Kempegowda Intern'l Airport, Bengaluru took off after the inauguration of Kalaburagi airport by CM BS Yeddyurappa. The airport has been built under the UDAN-RCS Scheme an estimated cost of Rs 176 crore
It will pave way for direct connectivity to North Karnataka
Reserve Bank has enhanced the scope of 'Special Non-resident Rupee' (SNRR) by allowing persons residing outside India to open such accounts for purposes like external commercial borrowing and trade credit in INR
Also, the restriction on the tenure of the SNRR account removed
Muthoot Finance will acquire IDBI Asset Management for ₹215 crore to enter mutual fund space. The deal, which is subject to necessary regulatory approvals including markets regulator Sebi, is expected to be completed by February-end 2020
IDBI Mutual Fund has an asset base of over ₹5,300 crore
Tax department launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard. CBDT Chairman P C Mody inaugurated the web portal on Income Tax website
Automatic Exchange of Inform'n framework was worked out in 2015
Government is set to pump in Rs 800-1,000 crore equity into India Infrastructure Finance Company Ltd (IIFCL) to bolster its lending capability at a time when it has emerged as a lone ranger of sorts to fund highway and other core sector projects.
IIFCL is a wholly-owned GoI company set up in 2006
Veteran actor and Shabana Azmi's mother Shaukat Kaifi passed away in Mumbai last evening due to age-related illness at the age of 93. Kaifi's husband was the celebrated Urdu poet and film lyricist, Kaifi Azmi
Kaifi's acting credits include 'Bazaar', 'Umrao Jaan' etc
Microsoft has launched its "K-12 Education Transformation Framework" to facilitate comprehensive digital transformation of schools in India, a model which has been adopted in over 50 countries so far. based on 4 pillars of education under the framework
It provides tools to achieve ambitious change many schools seek