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The National Stock Exchange launched Nifty Bharat Bond Index series, which will track a portfolio of AAA-rated bonds issued by government entities.The first two indices in the series are for April 2023 and April 2030. The unit size will be of ₹1,000.
NSE Managing Director and Chief Executive Officer Vikram Limaye.
Payments banks can apply for conversion into small finance banks (SFBs) after five years of operation.According to the guidelines both banks should come under the non-operating financial holding company (NOFHC) structure.
Minimum paid-up capital requirement for SFBs is ₹200 crore.
Canada’s biggest public pension fund is set to invest up to $600 mn. in India’s National Investment and Infrastructure Fund (NIIF).The deal includes a commitment of $150 million in NIIF’s Master Fund & co-investment rights of up to $450 million in future.
The NIIF is majority-owned by institutional investors.
Yanomami shaman Davi Kopenawa, the “Dalai Lama of the Rainforest,” has received this year’s Right Livelihood Award, also known as the “Alternative Nobel Prize” at Stockholm, Sweeden. He lives in his community, Watoriki practising shamanism.
Prize, established in 1980 by German-Swedish Jakob von Uexkull.
OECD Economic Survey of India found the country has the largest difference between employment rates of women and men among OECD nations at 52 percentage points.Sweden and Norway are best in the category with less than five percentage point difference.
Organisation for Economic Co-operation and Development (OECD).
A new international initiative at the 25th Conference of the Parties to the UNFCCC (COP25) currently underway in Madrid was launched namely, Platform of Science-based Ocean Solutions. It aims to integrate sensible ocean-based solutions into climate targets
United Nations Framework Convention on Climate Change (UNFCCC).
Nation payed homage to Bharat Ratna Dr BR Ambedkar on his 64th Mahaparinirvan Diwas.Eminent dignitaries & Parliamentarians offered tributes to the Architect of the Indian Constitution. Dr Ambedkar's death anniversary known as Mahaparinirvan Divas in India.
Bhimrao Ambedkar was born on 14 April 1891 in Madhya Pradesh.
The Reserve Bank of India imposed a fine of Rs 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued on KYC and anti-money laundering.The penalty has been imposed under the provisions of the Banking Regulation Act, 1949.
J Packirisamy is MD & CEO of Andhra Bank.
Duncan Hamilton bagged the 31st William Hill Sports Book of the Year award, becoming the only author in its history to have won 3 times. He was presented with £30,000 cash prize for his biography of the Guardian’s late cricket correspondent Neville Cardus.
William Hill plc is a bookmaker based in Central London, England
RBI released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 5.15% .RBI lowered its real GDP growth forecast for 2019-20 from 6.1% to 5 %.
RBI has cut repo rate by 135 basis points so far.
Razorpay added 3 more accolades to its bouquet at the India FinTech Awards (IFTA) 2019, organised by India Fintech Forum in association with NPCI.The company won awards for the 'Most Innovative Payment Start-up' and 'Most Innovative Fintech Product'.
Razorpay CEO and Co-founder, Harshil Mathur.
The country’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows which enabled the central bank to buy dollars from the market, thus checking any sharp appreciation of the rupee.
At $451.7 billion, country’s import cover is now over 11 months.
Lini Puthussery, the nurse from Kerala who died due to Nipah virus that she contracted while treating a patient last year during the Nipah outbreak, has been posthumously awarded National Florence Nightingale Award 2019.
WHO has announced 2020 as the year of the nurse and mid-wife.